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Zhongce Rubber's 2025 Profit Rises 10%, Revenue Jumps 15%; Shares Down 3%

Zhongce Rubber Group's (SHA:603049) net profit attributable to shareholders in 2025 rose 9.5% to 4.15 billion yuan from 3.79 billion yuan a year earlier, according to a Shanghai bourse filing on Friday.Earnings per share climbed 2.9% year on year to 4.95 yuan from 4.81 yuan.Operating revenue jumped 15% to almost 45 billion yuan from 39.3 billion yuan in the previous year.The automotive tire manufacturer's shares dropped less than 3% during the morning trade.

SHA:603049

Asia115d ago

Datang Renewable Power Completes 1 Billion Yuan Bond Issuance

China Datang Renewable Power (HKG:1798) completed the issuance of its second tranche of renewable corporate bonds for 2026, raising 1 billion yuan, according to a Thursday Hong Kong bourse filing.Shares of the power supplier were down over 1% in Friday morning trade.The bonds have a three-year term and carry an interest rate of 1.79%, with interest accruing from Thursday.Proceeds will be used for productive expenses, including repayment of interest-bearing debt, working capital, and project investment.

HKG:1798

Asia115d ago

Eneco Energy Forecasts Minimal Financial Impact from Rising Energy Costs

Eneco Energy (SGX:R14) expects minimal financial impact from rising fuel costs, since costs are passed through to customers under existing contractual arrangements tied to pre-determined fuel prices.The renewable energy and logistics company is also looking to expand its Richland Logistics Services with a target to increase the fleet size of its electric vehicles.Meanwhile, the company reported a rise in airborne trade volumes due to time-sensitive logistics needs.

SGX:R14

Asia115d ago

Eden Innovations Launches Defence-Focused Business Division, Shares Rise 22%

Eden Innovations (ASX:EDE) said it has launched EdenShield, a new business division focused on the commercialization of its technologies for defense, military, and critical infrastructure sectors, according to a Friday Australian bourse filing.The company said the unit will market its EdenCrete range of carbon nanotube (CNT) enhanced concrete admixtures for use in manufacturing ultra-high performance concrete, along with CNT-infused high-strength lightweight plastics and a dual-fuel diesel system for backup power generation.Eden Innovations said EdenShield will also focus on a range of CNT-enriched paints and coatings offering electromagnetic pulse and radiofrequency shielding capabilities, along with a pipeline of next-generation CNT-based polymers, coatings, and radiation-absorbent materials with potential military and aerospace applications.Eden Innovations' shares surged 22% in recent Friday trade.

ASX:EDE

Asia115d ago

Tongfu Microelectronics 2025 Profit Up 80%, Revenue Climbs 17%

Tongfu Microelectronics (SHE:002156) posted 2025 attributable net profit of 1.22 billion yuan, up 80% from 677.6 million yuan the previous year.Earnings per share rose to 0.80 yuan from 0.45 yuan, according to a Friday filing with the Shenzhen bourse.Operating revenue went up 17% year over year to 27.9 billion yuan from 23.9 billion yuan.Shares of the integrated chip manufacturer rose 1% in recent trade.

SHE:002156

Asia115d ago

Silkwave Eyes Aerospace, Satellite Partnership with SolsticeX; Shares Surge 37%

Silkwave (HKG:0471) entered into a memorandum of understanding with SolsticeX to explore cooperation in the aerospace and satellite sectors, according to a Thursday Hong Kong bourse filing.Shares of the media and transmission business were up over 37% in Friday morning trade.The parties will assess opportunities in satellite communications, aerospace technology, market development, and financing, with 90 days of exclusive discussions.SolsticeX operates in multimedia broadcasting, satellite, and wireless transmission, with a focus on ASEAN markets.

HKG:0471

Asia115d ago

Shenzhen Energy's 2025 Profit Rises 5%, Revenue Climbs 6%

Shenzhen Energy Group's (SHE:000027) net profit attributable to shareholders in 2025 rose 4.9% to 2.10 billion yuan from 2.01 billion yuan a year earlier, according to a Shenzhen bourse filing on Friday.Earnings per share jumped 11% year on year to 0.31 yuan from 0.28 yuan.The Chinese power company's operating revenue increased 5.9% to 43.4 billion yuan from 41.2 billion yuan in the previous year.

SHE:000027

Asia115d ago

Kore US REIT's NPI Up 14% in in Q1

Kore US REIT's (SGX:CMOU) net property income or NPI jumped 14% in the first quarter of the year to $22.3 million from $19.7 million a year earlier, according to a Friday filing with the Singapore Exchange.Income available for distribution was up 4.3% to $10.0 million from $9.6 million in the year-ago period.Gross revenue rose 5.1% year over year to $38.7 million from $36.9 million.Portfolio occupancy stood at 85.1%, backed by positive rental reversion of 0.8%.

SGX:CMOU

Asia115d ago

Chengchang Tech Returns to Profit in 2025

Zhejiang Chengchang Technology (SHE:001270) returned to profit in 2025, posting net profit attributable to shareholders of 117.1 million yuan, or 0.56 yuan per share, according to a Shenzhen bourse filing on Friday.The attributable loss a year earlier was 31.1 million yuan, or 0.15 yuan per share.Operating revenue jumped 91% to 404.6 million yuan from 211.5 million yuan in the previous year.The chip manufacturer company's shares fell less than 2% during the morning trade.

SHE:001270

Asia115d ago

Grace Fabric Technology Q1 Profit Jumps 354%; Shares Up 4%

Grace Fabric Technology (SHA:603256) posted first-quarter attributable net profit of 140.2 million yuan, up 354% from 30.9 million yuan the previous year.Earnings per share rose to 0.16 yuan from 0.04 yuan, according to a Friday filing with the Shanghai bourse.Operating revenue went up 80% year over year to 442.1 million yuan from 246.0 million yuan.Shares of the glass fabric products company rose 4% in recent trade.

SHA:603256

Asia115d ago

Boyaa Interactive to Buy 10 Bitcoins

Boyaa Interactive International (HKG:0434) is foregoing a previous plan to acquire up to $70 million in cryptocurrencies and instead entered into an agreement to buy 10 Bitcoins, according to a Hong Kong bourse filing Thursday.Shares of the online card and board games company fell over 1% in morning trade Friday.The firm is buying the bitcoins from Liquidity Technology for $749,000.The acquisition is subject to shareholder approval and is scheduled to be completed by June 29.

HKG:0434

Asia115d ago

Ganfeng Lithium Group Forecasts Return to Profitability in Q1 2026

Ganfeng Lithium Group (HKG:1772) said it expects 1.6 billion yuan to 2.1 billion yuan in attributable profit for the first quarter of 2026, swinging from a loss of 355.8 million yuan in the prior-year quarter, according to a Hong Kong bourse filing Thursday.Shares of the lithium battery maker fell over 1% in morning trade Friday.Basic earnings per share are expected to be 0.77 yuan to 1.01 yuan, compared with a loss of 0.18 yuan per share in the prior year period.The firm attributed the turnaround to a rise in demand for its products and higher selling prices for lithium salt products.

HKG:1772

Asia115d ago

Smart-Core Adopts New Incentive Scheme

Smart-Core (HKG:2166) adopted a new share award scheme effective Thursday and terminated its 2016 scheme, according to a same-day Hong Kong bourse filing.Shares of the integrated circuit and electronic component wholesaler were down nearly 1% in Friday morning trade.The 2026 scheme will allow awards of up to 10% of the company's issued shares as of the adoption date.Residual shares from the 2016 scheme, including 31.4 million ungranted shares, will be transferred to the new plan, while 4 million previously awarded but unvested shares will remain valid.

HKG:2166

Asia115d ago

HD Korea Shipbuilding Secures KRW674.7 Billion Order for Four Very Large Gas Carriers

HD Korea Shipbuilding & Offshore Engineering (KRX:009540) secured an order for four very large gas carriers (VLGCs) from an unnamed Middle Eastern shipping company.The deal is valued at 674.7 billion won. The shipbuilder will deliver the vessels by Nov. 30, 2029, according to a Friday filing with the Korean Exchange.Shares of HD Korea Shipbuilding & Offshore Engineering rose more than 1% in recent trade.

KRX:009540

Asia115d ago

Strike Energy's Spud of Walyering West-1 in Western Australia Deemed 'Near-Term, High-Impact' Catalyst, Euroz Hartleys Says

Strike Energy's (ASX:STX) spudding of the Walyering West-1 exploration well in Western Australia is deemed a "near-term, high-impact" catalyst for the company with its proximity to infrastructure and potential to extend the life of its producing asset, Euroz Hartleys said in a Thursday note.The company recently started drilling at the well to test a 46-petajoule 2U prospective resource within a proven hydrocarbon system, with total depth planned at about 3,639 meters measured depth rotary table.Drilling will last about 20 days, with initial results expected in early May, the financial services firm said.If successful, the well can be tied back to the existing Walyering processing facility for commercialization, potentially within 12 months.Additionally, the project has the potential to extend the production life of the Walyering gas field by five to seven years.Euroz Hartleys reaffirmed its buy recommendation and AU$0.21 price target on Strike Energy.

ASX:STX

Asia115d ago

Victory Giant Technology Prices Hong Kong IPO at Top End

Victory Giant Technology (HKG:2476, SHE:300476) priced its Hong Kong initial public offering at HK$209.88 per share, the top of its indicated range, according to a Hong Kong bourse filing Thursday.The Chinese printed circuit board maker said an option to increase the deal size by 12.5 million shares was also exercised in full.The offering comprised 8.3 million shares for Hong Kong investors and 75 million shares for international investors prior to the exercise of the adjustment option.Allocation results are due by April 20, ahead of the company's planned trading debut on April 21.

HKG:2476

Asia115d ago

37 Interactive Entertainment's 2025 Profit, Revenue Rise 9%; Shares Down 5%

37 Interactive Entertainment Network Technology's (SHE:002555) net profit attributable to shareholders in 2025 rose 8.5% to 2.90 billion yuan from 2.67 billion yuan a year earlier, according to a Shenzhen bourse filing on Friday.Earnings per share climbed 9.1% year on year to 1.32 yuan from 1.21 yuan.Operating revenue increased 8.5% to almost 16 billion yuan from 17.4 billion yuan in the previous year.The Chinese entertainment company's shares dropped 5% during late-morning trade Friday.

SHE:002555

Asia115d ago

Elanor Investors Group's AU$125 Million Balance Sheet Recapitalization With Rockworth Capital Completed

Elanor Investors Group (ASX:ENN) said its AU$125 million balance sheet recapitalization with Rockworth Capital Partners was completed on Friday, according to a same-day Australian bourse filing.The refinancing includes a AU$70 million senior secured debt facility, through loan notes, AU$55 million in perpetual, subordinated, unsecured capital notes, and 30 million unlisted warrants to acquire Elanor securities at a nominal exercise price of AU$0.01 per warrant.It will use the proceeds to repay the existing Keyview senior facility, redeem the existing Elanor Corporate notes, repay certain commercial arrangements, and for additional working capital.Rockworth and Elanor extended the sunset date for the Firmus business acquisition to May 31.The Australian Securities and Investments Commission (ASIC) issued a new Australian Financial Services license to Group Funds Management, a wholly-owned unit of Elanor Investors Group. Group Funds is proposed to become the new responsible entity of the existing Elanor Investment Fund, subject to approval at a meeting of Elanor securityholders.

ASX:ENN

Asia115d ago

Senshu Ikeda, Shiga Bank Deny Report on Possible Alliance

Senshu Ikeda Holdings (TYO:8714) and Shiga Bank (TYO:8366) said they have not made any decisions on a potential capital and business alliance following a media report, according to a Thursday filing on the Tokyo Stock Exchange.Both companies said a report by the Nihon Keizai Shimbun on a possible tie-up was not based on information they released. They said they are considering various strategic options, including a potential alliance with each other, but no decisions have been made.

TYO:8366TYO:8714

Asia115d ago

E-Commodities Provides Counter-Guarantees for Xianghui Energy Bank Facilities

E-Commodities (HKG:1733) agreed to provide counter-guarantees in favor of Xiangyu Joint Stock (SHA:600057) for banking facilities extended to Xianghui Energy, according to a Thursday Hong Kong bourse filing.Shares of the coal trader were up over 1% in Friday morning trade.The guarantees comprise up to 80.9 million yuan and 32.3 million yuan under two separate counter-guarantee agreements, reflecting the company's 49% stake in Xianghui Energy.The new agreements replace earlier counter-guarantee arrangements signed in 2025.

HKG:1733

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