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Update: WuXi AppTec's Q1 Profit Up 27%

(Updated to include Shanghai stock code)WuXi AppTec (HKG:2359, SHA:603259) booked 4.65 billion yuan in attributable profit for the first quarter of 2026, up 27% from 3.67 billion yuan a year earlier, according to a Hong Kong bourse filing Monday.Earnings per share were 1.58 yuan, compared with 1.28 yuan in the prior year.Revenue jumped 29% year on year to 12.44 billion yuan, figures showed.

HKG:2359SHA:603259

Asia107d ago

Alibaba Receives HKEX Nod for Spin Off, Shenzen REIT Listing of Warehouse Park Assets

Alibaba Group (HKG:9988) received approval from the Hong Kong Exchange to spin off certain infrastructure assets into a real estate investment trust for listing on the Shenzhen Stock Exchange, according to a Monday disclosure.The underlying asset to be held by the proposed CICC Cainiao Logistics Warehouse Infrastructure REIT will be Jiaxing Park, a logistics and warehouse infrastructure park in Zhejiang province.Alibaba also obtained a waiver from HKEX, exempting it from distributing units in the REIT to existing shareholders. The company said it could not meet the requirement to either distribute units or offer preferential allocation to shareholders due to legal restrictions in mainland China.The spinoff remains subject to regulatory approval in China, the bourse filing stated.

HKG:9988

Asia107d ago

China Hongqiao Group Eyes 10.2 Billion Yuan in Offshore Debt Offering

China Hongqiao Group (HKG:1378) plans to raise 10.2 billion yuan via an offshore convertible bond issue, according to a Hong Kong bourse filing Tuesday.The zero-coupon bonds will convert into shares of the company at an initial rate of HK$43.90 per share, representing a premium of about 25.3% to the company's closing price on Monday.Assuming full conversion, the shares to be issued would amount to 266.6 million and represent 2.7% of the company's existing share capital and 2.6% on an enlarged basis.Proceeds to be raised will be used for refinancing existing debt and the purchase of raw materials.The firm simultaneously plans to purchase 11.3 million shares in a concurrent share buyback at HK$33.99 apiece.

HKG:1378

Asia107d ago

Dalipal to Raise HK$385 Million via Top-Up Placing, Subscription; Shares Slip 7%

Dalipal (HKG:1921) plans to raise about HK$385.2 million in net proceeds through a share placing and top-up subscription, according to a Tuesday Hong Kong bourse filing.Controlling shareholder Rosy Astral Limited will place up to 74.3 million shares at HK$5.28 each to not fewer than six investors on a best-efforts basis.Rosy Astral is 80.6% owned by Dalipal Chairman Meng Fanyong and 19.4% by his son YX Meng, an executive director of the company.The placing represents about 4.93% of the company's existing issued share capital.Dalipal will issue the same number of new shares to the seller under a top-up subscription at the same price.Net proceeds will be used for general working capital and corporate purposes.Shares of the smart and green manufacturing firm were down over 7% in Tuesday morning trade.

HKG:1921

Asia107d ago

South Korean Shares Open Higher Despite US-Iran Tensions

South Korean shares opened higher on Tuesday despite the ongoing tensions between the US and Iran.The benchmark Korea Composite Stock Price Index, or Kospi, gained 0.5%, or 31.77 points, to open at 6,646.80. The Kosdaq marginally gained to open at 1,226.76.On Monday, a US official said that US President Donald Trump is dissatisfied with Iran's proposal, as it doesn't mention Tehran's nuclear program.According to Iranian sources, the proposal will not comprise nuclear talks until the conflict ends and disputes related to Gulf shipping are resolved. At the same time, Washington insists nuclear issues must be addressed right away.

^KOSDAQKOSPI

Asia107d ago

Bank of Beijing's 2025 Profit Jumps 24%, Revenue Climbs 3%; Shares Drop 4%

Bank of Beijing's (SHA:601169) net profit attributable to shareholders in 2025 rose 24% to 20.1 million yuan from 26.3 million yuan a year earlier, according to a Shanghai bourse filing on Tuesday.Earnings per share jumped 6.5% year on year to 0.78 yuan from 1.09 yuan.Operating revenue climbed 3.4% to 68 million yuan from 70.4 million yuan in the previous year.The Chinese lender's shares dropped 4% during the morning trade.

SHA:601169

Asia107d ago

Zhaowei Machinery & Electronics' Q1 2026 Profit Falls 25%; Hong Kong Shares Fall 6.5%

Shenzhen Zhaowei Machinery & Electronics (HKG:2692; SHE:003021) booked 41 million yuan in attributable profit for the first quarter of 2026, down 25% from 54.7 million yuan in the year-ago period, according to a Hong Kong bourse filing Tuesday.Earnings per share fell to 0.17 yuan from 0.23 yuan in the prior year.Revenue fell 2.7% year on year to 357.5 million yuan, figures showed.The Chinese micro-drive systems maker's Hong Kong shares fell 6.5%, while Shenzhen shares declined more than 5% during Tuesday's morning trade.

HKG:2692SHE:003021

Asia107d ago

Mabwell Bioscience Rises 2% in Hong Kong Trading Debut

Mabwell (Shanghai) Bioscience's (HKG:2493, SHA:688062) shares opened 2.4% above their initial public offering price in a steady Hong Kong debut on Tuesday morning.The China-based pharmaceutical firm opened at HK$28.30 per share, compared with the offer price of HK$27.64.

HKG:2493SHA:688062

Asia107d ago

Hengli Hydraulic's Q1 Profit Rises 6%, Revenue Jumps 33%; Shares Jump 6%

Jiangsu Hengli Hydraulic's (SHA:601100) net profit attributable to shareholders in the first quarter rose 5.6% to 652.2 million yuan from 617.7 million yuan a year earlier, according to a Shanghai bourse filing on Tuesday.Shares of the company rose nearly 6% in morning trade Tuesday.Earnings per share climbed 6.5% year on year to 0.49 yuan from 0.46 yuan.Operating revenue jumped 33% to 3.21 billion yuan from 2.42 billion yuan in the previous year.

SHA:601100

Asia107d ago

Shanghai Xizhi Technology Soars 380% in Hong Kong Trading Debut

Shanghai Xizhi Technology's (HKG:1879) shares opened 380.3% above their initial public offering price in a stellar Hong Kong debut on Tuesday morning.The China-based optoelectronic computing company opened at HK$880 per share, well above the offer price of HK$183.20.

HKG:1879

Asia107d ago

Predictive Discovery Posts Higher Gold Production in March Quarter; Shares Up 4%

Predictive Discovery (ASX:PDI) reported gold production of 48,178 ounces in the three months ended March 31, up 308% from 11,818 ounces in the December 2025 quarter, according to a Tuesday filing with the Australian bourse.There was no substantive mining production during the March 2025 quarter, an earlier filing showed.Gold sales totaled 41,799 ounces in the March quarter, an increase of 271% compared with 11,272 ounces in the previous quarter, with the average realized gold price also rising 13% to $4,806 per ounce, up from $4,235 per ounce, the filing said.Production guidance for the year is set between 198,000 and 220,000 ounces of gold, with cost production guidance expected in the June quarter, per the filing.Shares rose 4% in morning trade on Tuesday.

ASX:PDI

Asia107d ago

AECC Aviation Power's Q1 Profit Drops 66%, Revenue Rises 15%

AECC Aviation Power's (SHA:600893) net profit attributable to shareholders in the first quarter dropped 66% year on year to 2.6 million yuan from 7.5 million yuan, according to a Shanghai bourse filing on Tuesday.Earnings per share fell to 0.0010 yuan from 0.0028 yuan.Operating income, however, rose 15% year on year to 7.08 billion yuan from 6.16 billion yuan, the aerospace product distributor said.

SHA:600893

Asia107d ago

Haier Smart Home's Q1 Profit Slumps 15%, Revenue Down 7%

Haier Smart Home (HKG:6690, SHA:600690) posted a 15% drop in net profit attributable to shareholders in the first quarter to 4.65 billion yuan from 5.49 billion yuan a year prior, according to filings with the Hong Kong and Shanghai bourses on Monday.Earnings per share edged down to 0.50 yuan from 0.59 yuan in the year-ago period.The household appliance maker's revenue slipped 6.9% to 73.7 billion yuan from 79.1 billion yuan a year earlier.Haier attributed its lackluster Q1 performance to extreme weather events such as blizzards in the North American market, which caused a 10% decline in the industry, as well as to higher tariff costs.Excluding the impact of the North American market, Haier said its operating profit in Q1 grew by over 10%.

HKG:6690SHA:600690

Asia107d ago

COSCO Shipping Energy to Buy Dalian Unit for 1.6 Billion Yuan

COSCO Shipping Energy Transportation (HKG:1138, SHA:600026) will accquire 100% of COSCO SHIPPING Investment Dalian for about 1.59 billion yuan, according to a Tuesday Hong Kong bourse filing.The company is buying the asset from its controlling shareholder, China COSCO Shipping Corporation.Dalian COSCO Energy, a wholly owned unit, will fund about 60% of the consideration through external financing and the remainder via internal resources.Upon completion, the target will become an indirect wholly owned subsidiary, and certain existing agreements with related parties will continue as ongoing connected transactions.COSCO Shipping Investment Dalian operates as an investment and asset management platform focused on shipping-related businesses, including liquefied gas transportation assets under development and a hazardous chemicals logistics park in Dalian, the filing said.

HKG:1138SHA:600026

Asia107d ago

CATL to Raise HK$39 Billion via Share Placement

Contemporary Amperex Technology (HKG:3750, SHE:300750) or CATL agreed to place 62.4 million new Hong Kong shares at HK$628.20 each, raising net proceeds of about HK$39.1 billion, according to a Tuesday bourse filing.The placing price represents a discount of about 7% to the last closing price and about 10.5% to the five-day average.The new shares account for about 1.38% of the company's existing issued share capital.The battery maker plans to use the proceeds to fund global new energy projects, expand its zero-carbon business, support research and development, and for general corporate purposes.CATL expects to place the shares with at least six professional and institutional investors under its general mandate, with no shareholder approval required.

HKG:3750SHE:300750

Asia107d ago

AMEC's Q1 Profit Nearly Triples as Revenue Jumps 34%

Advanced Micro-Fabrication Equipment China or AMEC (SHA:688012) reported a 197% jump in net profit for the first quarter of 2026 to 930.5 million yuan from 313.1 million yuan a year earlier.Earnings per share nearly tripled to 1.47 yuan from 0.50 yuan, according to a Shanghai Stock Exchange filing on Tuesday.The Chinese chip gear maker posted a 34% increase in revenue to 2.91 billion yuan from 2.17 billion yuan.AMEC attributed its performance to the development of the semiconductor equipment market.The company said it witnessed a significant increase in new shipments of high-end products targeting key etching processes in advanced logic and memory device manufacturing during the quarter.

SHA:688012

Asia107d ago

Galan Lithium Reports AU$40 Million Cash Position at March Quarter-End

Galan Lithium (ASX:GLN) reported an AU$40.7 million cash position at the end of the March quarter with no debt, according to a Tuesday Australian bourse filing.The company said plant electrical and mechanical systems testing at its Hombre Muerto West project in Argentina is complete, with the wet commissioning phase set to commence soon.The company will have a brine inventory of about 10,000 tonnes of lithium carbonate equivalent ready for processing by the end of April, with first lithium chloride concentrate targeted in the first half of the year and first shipment in the second half of the year, the filing added.The company has completed its AU$40 million institutional placement at AU$0.41 per share, the filing added.The company's shares rose 2% in recent Tuesday trade.

ASX:GLN

Asia107d ago

Karoon Energy Posts Lower Q1 Production, Reaffirms 2026 Output Guidance

Karoon Energy (ASX:KAR) said first-quarter total production reached 1.9 million barrels of oil equivalent on a net revenue interest basis, according to a Tuesday Australian bourse filing.The company's 2025 first-quarter production was 2.4 million barrels of oil equivalent on a net revenue interest basis.Total revenue in the three months ended March 31 was $128.2 million, compared with $148.6 million a year earlier.The company reaffirmed its 2026 total production guidance of 8.1 million to 9.2 million barrels of oil equivalent.The company's shares were down nearly 2% in recent Tuesday trade.

ASX:KAR

Asia107d ago

EQ Resources Posts Lower Group Tungsten Trioxide Production in Fiscal Q3; Shares Fall 3%

EQ Resources (ASX:EQR) produced 23,505 metric ton units (mtu) of tungsten trioxide and sold 23,592 mtu of tungsten trioxide in the third quarter ending March 31, according to a Tuesday filing with the Australian bourse.The company produced 36,710 mtu of tungsten trioxide for the quarter ended March 31, 2025, an earlier filing showed.The tungsten trioxide was sold at an average realized price of $1,004 per mtu during the quarter, the filing said.The company's shares fell 3% in recent Tuesday trade.

ASX:EQR

Asia107d ago

Tokuyama's Profit Slips 5.1% in Fiscal 2025

Tokuyama's (TYO:4043) profit attributable to owners of the parent fell 5.1% to 22.2 billion yen for the fiscal year 2025 from 23.4 billion yen a year earlier.The chemicals company's basic earnings per share declined to 308.64 yen from 325.08 yen a year ago, according to a Tokyo bourse filing.Net sales edged up 1.9% to 349.5 billion yen for the full year ended March 31 from 343.1 billion yen in the prior year.It declared a final dividend of 60 yen per share, payable from June 29.Tokuyama's attributable profit, EPS, and net sales forecasts for the fiscal year 2026 will be determined at a later date due to high uncertainty.The company has yet to determine its dividend forecast for the year.

TYO:4043

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