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Bank of Jiangsu's Q1 Profit, Revenue Rise 8%

Bank of Jiangsu's (SHA:600919) attributable net profit rose 8.2% year over year to 10.6 billion yuan in the first quarter from 9.8 billion yuan, according to a Wednesday filing with the Shanghai Stock Exchange.The bank logged earnings per share of 0.58 yuan, up from 0.53 yuan a year ago.Operating income grew 8.4% year on year to 24.2 billion yuan from 22.3 billion yuan.

SHA:600919

Asia107d ago

NZX Midday Sector Update: Health Technology Rises, Consumer Durables Tank

Health technology stocks gained the most on New Zealand's Exchange, rising 1% by midday Wednesday.Fisher & Paykel Healthcare (NZE:FPH, ASX:FPH) shares climbed nealry 2% in recent trade.On the other hand, consumer durables shares fell more than 6%.KMD Brands (NZE:KMD, ASX:KMD) shares slid past 6% in recent trade.

^NZ50ASX:FPHASX:KMDNZE:FPHNZE:KMD

Asia107d ago

Suzhou QingYue Optoelectronics Technology's Loss Widens in Q1

Suzhou QingYue Optoelectronics Technology (SHA:688496) posted a loss attributable to owners of about 32 million yuan for the first quarter, widening from a loss of about 16 million yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Suzhou QingYue is an associate of Yeebo (International Holdings) (HKG:0259), which holds an equity interest of about 28.08% in the Shanghai-listed company.

SHA:688496

Asia107d ago

CGN Power's Q1 Profit Drops 9% on Lower Revenue

CGN Power (HKG:1816, SHE:003816) posted a 9% drop in attributable profit in the first quarter to 2.74 billion yuan from 3.02 billion yuan, according to filings with the Hong Kong and Shanghai bourses late Tuesday.Earnings per share edged down to 0.052 yuan from 0.060 yuan.Revenue plunged 13% to 16.3 billion yuan from 18.8 billion yuan, the nuclear power operator said.

HKG:1816SHE:003816

Asia107d ago

Metal Powder Works' Metal Powder Machine Achieves Annual Capacity of 100 Metric Tonnes; Shares Up 10%

Metal Powder Works' (ASX:MPW) NextGen machine achieved sustained annual production capacity of 100 metric tonnes, with an in-specification saleable yield surpassing 95%, according to a Wednesday filing with the Australian bourse.NextGen is designed for industrial-scale manufacturing of non-thermal, solid-state metal powders.The company plans to achieve 800 metric tonnes of installed capacity by 2028, which is estimated to require total capital outlay of about $2 million, the filing said.Shares rose 10% in morning trade on Wednesday.

ASX:MPW

Asia107d ago

China Pacific Insurance's Q1 Profit Rises 4%; Revenue Down 1%

China Pacific Insurance (SHA:601601, HKG:2601) reported a 4% increase in net profit in the first quarter to 10 billion yuan from 9.6 billion yuan, according to filings with the Hong Kong and Shanghai bourses late Tuesday.Earnings per share fell to 0.94 yuan from 1 yuan.Revenue fell 1.2% to 92.5 billion yuan from 93.7 billion yuan, the insurer said.

HKG:2601SHA:601601

Asia107d ago

China Water Affairs to Issue $150 Million Additional Bonds Due 2030

China Water Affairs (HKG:0855) will issue an additional $150 million of 5.875% senior notes due 2030, according to a Wednesday Hong Kong bourse filing.The additional notes will be consolidated and form a single series with the company's existing $150 million notes issued in October 2025, the filing said.The notes are priced at 95.384% of principal and will carry a coupon of 5.875% per year, with maturity on Oct. 22, 2030.The company expects proceeds to fund a concurrent tender offer and repay certain offshore debt, with remaining proceeds earmarked for eligible green projects, particularly water supply projects, under its Green & Blue Finance Framework.

HKG:0855

Asia107d ago

Luxshare Precision's Q1 Profit Jumps 20% as Revenue Surges 36%

Luxshare Precision Industry (SHE:002475) reported a 20% year-over-year increase in attributable net profit in the first quarter to 3.66 billion yuan from 3.04 billion yuan.Earnings per share rose to 0.49 yuan from 0.42 yuan, according to a Wednesday filing with the Shenzhen Stock Exchange.Revenue climbed 36% year over year to 83.9 billion yuan from 61.8 billion yuan.Luxshare assembles iPhones, AirPods and Vision Pro headsets for Apple.

SHE:002475

Asia107d ago

Insilico Medicine Wins China IND Nod for IPF Inhalation Therapy

InSilico Medicine (HKG:3696) said its investigational new drug application for an inhaled formulation of Rentosertib has been approved by China's National Medical Products Administration, according to a Wednesday Hong Kong bourse filing.The company said the drug is intended for the treatment of idiopathic pulmonary fibrosis.The approval supports a Phase 1 clinical study to evaluate safety, tolerability, and pharmacokinetics, the filing said.

HKG:3696

Asia107d ago

Sinopec's Q1 Profit Jumps 28%; Revenue Down 4%

China Petroleum & Chemical (HKG:0386, SHA:600028) or Sinopec reported a 28% jump in net profit in the first quarter to 17 billion yuan from 13.3 billion yuan a year earlier, according to filings with the Hong Kong and Shanghai bourses late Tuesday.Earnings per share climbed to 0.141 yuan from 0.109 yuan.Revenue fell 3.9% to 706.7 billion yuan from 735.4 billion yuan, the oil and gas company said.

HKG:0386SHA:600028

Asia107d ago

Stanmore Resources Posts Lower Q1 Saleable Production, Coal Sales

Stanmore Resources (ASX:SMR) reported saleable production of 3.2 million tonnes for the first quarter, according to a Wednesday Australian bourse filing.The company reported saleable production of 3.3 million tonnes for the same period a year ago, an earlier filing showed.Total coal sales were 3 million tonnes at an average sales price of $152 per tonne, compared with 3.2 million tonnes at $139 per tonne in the same period last year.The company maintained its saleable production guidance, with record performances in March providing a strong base for the remainder of 2026, while the Isaac Downs Extension project approvals pathway is progressing as planned, with the Environmental Impact Statement on track for submission in the second quarter.

ASX:SMR

Asia107d ago

Lotus Resources Confirms Continuity of Mineralization at Botswana Project; Shares Down 3%

Lotus Resources (ASX:LOT) confirmed continuity of mineralization at Serule West upon completion of the first phase of infill drilling within its Letlhakane project in Botswana, according to a Wednesday filing with the Australian bourse.Results include 8.23 meters at 1,357 parts per million radiometric equivalent triuranium octoxide from 48 meters, and nearly 12 meters at 567ppm radiometric equivalent triuranium octoxide from 49 meters, the filing said.Results will be used to update the project's mineral resource estimate in the second half of the year, per the filing.Shares fell 3% in morning trade on Wednesday.

ASX:LOT

Asia107d ago

Shanghai Sunmi Technology Soars 292% in Hong Kong Trading Debut

Shanghai Sunmi Technology's (HKG:6810) shares opened 292.3% above their initial public offering price in a stellar Hong Kong debut on Wednesday morning.The China-based business IoT services provider opened at HK$97.50 per share, well above the offer price of HK$24.86.

HKG:6810

Asia107d ago

South Korean Shares Open Lower on AI Concerns as OpenAI Growth Falters

South Korean shares opened lower on Wednesday, tracking Wall Street, as concerns over the AI sector re-emerged after OpenAI's missed internal revenue and user targets.The benchmark Korea Composite Stock Price Index, or Kospi, fell by 22.02 points, to open at 6,619. The Kosdaq marginally gained to open at 1,213.28.OpenAi's growth potential stumbled as its chief financial officer raised concerns that the company may not be able to pay future contracts if revenue fails to increase fast enough, according to a Wall Street Journal report.The report has sent other AI stocks and tech companies' equities plummeting.Meanwhile, Israel launched fresh attacks on southern Lebanon on Tuesday despite a ceasefire, adding to the oil shock brought by the UAE's departure from the OPEC.

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Asia107d ago

Turaco Gold Boosts Mineral Resource Estimate for Côte d'Ivoire Project; Shares Rise 3%

Turaco Gold (ASX:TCG) said the mineral resource estimate for its Afema project in Côte d'Ivoire has increased to 4.65 million ounces of gold, adding 590,000 ounces since October 2025 for a roughly 15% rise, according to a Wednesday filing with the Australian bourse.The growth came alongside a 23% increase in indicated resources, which "significantly" improves resource confidence and supports the pre-feasibility study for the project, the company said.The mineral resource estimate comprises several deposits located within a roughly 10-kilometer project radius, including the 1.7 million-ounce Woulo Woulo deposit and the 1.32 million-ounce Asupiri deposit, per the filing."Importantly, all deposits within the Afema project remain open, highlighting strong potential for continued resource growth," Turaco Gold said.The company's shares gained 3% in recent Wednesday trade.

ASX:TCG

Asia107d ago

Catalyst Metals Posts Higher Gold Production in March Quarter; Shares Down 4%

Catalyst Metals (ASX:CYL) produced 26,127 ounces of gold in the March quarter at an average all-in sustaining cost (AISC) of AU$2,901 per ounce produced and AU$2,853 per ounce sold, according to a Wednesday filing with the Australian bourse.The company produced 24,329 ounces of gold at an average AISC of AU$2,765 per ounce in March 2025, an earlier filing showed.The company reaffirmed its fiscal-year production guidance of 100,000 ounces to 110,000 ounces, and upgraded its AISC forecast to AU$2,750 per ounce to AU$2,950 per ounce of gold sold from the previous range of AU$2,200 per ounce to AU$2,650 per ounce, the filing said.Shares fell 4% in morning trade on Wednesday.

ASX:CYL

Asia107d ago

Sprintex Signs Exclusive Saudi Arabia Distribution Agreement With Washnah

Sprintex (ASX:SIX) said it has entered into an exclusive distribution agreement with Washnah for the supply of its G-Series, GA, and GR high-speed jet blowers across the entire Kingdom of Saudi Arabia, according to a Wednesday Australian bourse filing.The company said the agreement appoints Washnah as its sole and exclusive distributor in Saudi Arabia, with performance-based exclusivity and minimum secured order commitments of $500,000 per year following regulatory approvals, with an initial term to March 31, 2029, and an option for a further two-year extension subject to milestone achievements.Washnah has also submitted a tender for the King Salman International Airport Wastewater Treatment Works using exclusively Sprintex high-speed turbo blowers, representing an opportunity of over AU$5 million based on the supply only of Sprintex blower content, the filing added.

ASX:SIX

Asia107d ago

Sunmi Technology Nets HK$922 Million in Hong Kong IPO Ahead of Debut

Shanghai Sunmi Technology (HKG:6810) raised HK$922 million in net proceeds from its initial public offering in Hong Kong.The offer price was set at HK$24.86 per H-share, according to a Tuesday after-market filing with the Hong Kong Stock Exchange.The China-based business IoT services provider offered 42.6 million H-shares in the global offering.The Hong Kong public offer was 2,003.16 times subscribed, with a final allocation of 4.3 million shares, representing 10% of the total offering.The international offering was 7.91 times subscribed, with a final allocation of 38.4 million shares, or 90% of the total offering.Cornerstone investors, including China Orient Enhanced Income Fund and Xinwutang, were allotted a combined 11.5 million shares, according to the filing.Shanghai Sunmi Technology is scheduled to debut on the Hong Kong bourse on Wednesday, April 29.

HKG:6810

Asia107d ago

China Merchants Bank's Q1 Profit Rises 1.5%, Net Interest Income Up 5%

China Merchants Bank (SHA:600036, HKG:3968) posted a 1.5% increase in attributable net profit in the first quarter to 37.9 billion yuan from 37.3 billion yuan, according to filings with the Shanghai and Hong Kong bourses late Tuesday.Earnings per share edged up to 1.49 yuan from 1.48 yuan.Operating income climbed 3.9% to 87 billion yuan from 83.7 billion yuan. Net interest income rose 5% to 55.6 billion yuan from 53 billion yuan.

HKG:3968SHA:600036

Asia107d ago

Foxconn Industrial Internet's Q1 Profit Doubles; Revenue Misses Estimate

Foxconn Industrial Internet (SHA:601138) reported a 109% jump in net profit in the first quarter to 10.6 billion yuan from 5.23 billion yuan, according to a Shanghai Stock Exchange filing on Wednesday.Earnings per share doubled to 0.53 yuan from 0.26 yuan, missing the median forecast of 0.64 yuan by analysts polled by Visible Alpha.Revenue surged 56.5% to 251 billion yuan from 160 billion yuan, also missing the Visible Alpha estimate of 271 billion yuan.The electrical equipment manufacturer attributed the revenue growth to the continued surge in demand for AI computing power, as well as the steady increase in market share of its major clients.

SHA:601138

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