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Shinghwa Advanced Material Expects to Return to Profit in Q1; Shares Soar 10%

Shida Shinghwa Advanced Material Group (SHA:603026) expects to return to profit in the first quarter, with a net profit attributable to shareholders ranging between 260 million yuan and 310 million yuan, according to a Shanghai bourse filing on Tuesday.The attributable loss a year earlier was 28.5 million yuan, or 0.14 yuan per share.Shares of the producer of basic organic chemical products soared 10% during the morning trade.

SHA:603026

Asia117d ago

Shanghai Electric Power Logs 5% Decline in Q1 Power Generation

Shanghai Electric Power (SHA:600021) generated 18.5 billion kilowatt-hours in the first quarter, down 4.6% year over year.The decline was mainly due to the impact of maintenance schedules for thermal power units and market supply-demand conditions, according to a Tuesday filing with the Shanghai bourse.Coal-fired power output slipped 3.6% year on year to 12.3 billion kWh, while gas-fired power output fell 19% to 1.69 billion kWh.Wind power generation slid 2.2% to 2.90 billion kWh, while photovoltaic power generation rose 1.2% to 1.61 billion kWh.Shares of the power company declined 1% in recent trade.

SHA:600021

Asia117d ago

Grand Pharmaceutical Says Liver Cancer Treatment Reaches Clinical Endpoint

Grand Pharmaceutical Group (HKG:0512) said a liver cancer treatment developed by its Sirtex Medical associate reached the clinical endpoint of a U.S. clinical study, according to a Hong Kong bourse filing Monday.Shares of the pharma firm gained nearly 3% in morning trade Tuesday.Results from the DOORwaY90 clinical trial demonstrated that SIR-Spheres Y-90, a radiotherapy product for liver cancer, achieved a 90% complete response and a best overall response rate of 99% in subjects.The treatment was previously approved by the U.S. Food and Drug Administration for the treatment of inoperable liver cancer based on interim data from the DOORwaY90 trial. It was also approved in China for unresectable colorectal cancer liver metastases.Grand Pharmaceutical said the relevant clinical data will now provide "strong support" for the treatment's expansion of indications in China.

HKG:0512

Asia117d ago

Qinghai Salt Lake Industry Q1 Profit Jumps 147%, Revenue Up 95%

Qinghai Salt Lake Industry (SHE:000792) posted first-quarter attributable net profit of 29.4 billion yuan, up 147% from 11.9 billion yuan the previous year.Earnings per share rose to 0.5555 yuan from 0.2245 yuan, according to a Tuesday filing with the Shenzhen bourse.Operating revenue climbed 95% year over year to 64.3 billion yuan from 33.0 billion yuan.Shares of the fertilizer products manufacturer declined 1% in recent trade.

SHE:000792

Asia117d ago

China XLX Fertiliser Expects Forecasts Upto 52% Higher Profit for Q1 2026

China XLX Fertiliser (HKG:1866) said it expects 280 million yuan to 300 million yuan in attributable profit for the first quarter of 2026, up 41% to 52% year on year, according to a Hong Kong bourse filing Monday.Shares of the fertilizer firm gained over 3% in morning trade Tuesday.Earnings per share were expected to be between 0.23 yuan to 0.24 yuan.Revenue for the quarter is expected to be 15% to 20% higher from a year earlier at 6.7 billion yuan to 7 billion yuan.

HKG:1866

Asia117d ago

Wesfarmers Retail Brands Offer Free Delivery for Six Months in Membership Program Trial

Wesfarmers (ASX:WES) said its Bunnings Warehouse, Kmart, Target, Officeworks, and Priceline Pharmacy brands are offering a six-month free trial of the OnePass membership program for new customers, offering free delivery with no minimum spend on eligible items and orders, according to a Tuesday statement from the conglomerate.New customers can sign up for OnePass for the free trial by May 14.Wesfarmers added that current monthly members will receive a six-month pause on their membership payments, after which their subscription will resume their payment plan, while annual members will automatically receive AU$20 off their next full price annual membership renewal.

ASX:WES

Asia117d ago

Sifang Automation Plans Hong Kong Listing

Beijing Sifang Automation (SHA:601126) plans to apply for the offering and listing of shares on the Hong Kong Stock Exchange, according to a Shanghai bourse filing on Tuesday.Shares of the Chinese producer of power system automation products slipped 1% during the morning trade.

SHA:601126

Asia117d ago

China Resources Building Materials Expects Swing to Loss in Q1

China Resources Building Materials Technology (HKG:1313) expects a first-quarter loss attributable to owners of 170 million yuan to 200 million yuan, compared with a profit of 107 million yuan a year earlier, according to a Monday Hong Kong bourse filing.Shares of the cement manufacturer were down nearly 4% in late morning trade on Tuesday.The company said the expected loss was mainly due to lower selling prices of cement and concrete products, which weighed on gross profit and margins.

HKG:1313

Asia117d ago

Amlogic Re-Submits Hong Kong Listing Application

Fabless semiconductor company Amlogic (SHA:688099) re-submitted its application to offer and list shares on the Hong Kong Stock Exchange, according to a Shanghai bourse filing on Tuesday.

SHA:688099

Asia117d ago

Blackstone Minerals Says Exploration Activities to Resume at Philippines Copper-Gold Project, Shares Soar 65%

Blackstone Minerals (ASX:BSX) said the cease and desist order issued by the Municipal Mayor of Mankayan was lifted, allowing for exploration activities to resume at the Mankayan copper-gold project in the Philippines, according to a Tuesday Australian bourse filing.Drilling activities in support of a prefeasibility study are expected to begin in the near-term, with up to 10 drill holes planned. The order previously prevented exploration activities by Blackstone's affiliate, Crescent Mining & Development.Its shares soared 65% in recent trading on Tuesday.

ASX:BSX

Asia117d ago

Chengtong Development's Leasing Arm Signs Solar Sale-Leaseback Deal With Huadian Unit; Shares Slip 4%

China Chengtong Development (HKG:0217) said its Chengtong Financial Leasing unit entered into a sale and leaseback arrangement with a unit of China Huadian, according to a Monday Hong Kong bourse filing.Shares of the property developer fell 4% in morning trade on Tuesday.Under the arrangement, Chengtong Financial Leasing will purchase certain photovoltaic equipment and related assets for 120 million yuan and lease them back for two years for about 124.6 million yuan.The transaction is expected to generate lease interest income of about 4.6 million yuan for the unit.

HKG:0217

Asia117d ago

Beijing Kingsoft Forecasts Upto 473% Rise in Q1 Profit

Beijing Kingsoft Office Software (SHA:688111) said it expects 1.62 billion yuan to 1.90 billion yuan in attributable profit for the first quarter of 2026, up 402% to 473% year on year, according to a Hong Kong bourse filing by parent Kingsoft (HKG:3888) Monday.Shares of Kingsoft were up 6% in Hong Kong morning trade Tuesday.Beijing Kingsoft's first quarter revenue is expected to rise 20% to 28% year on year to 263.4 million yuan to 360.2 million yuan.Beijing Kingsoft attributed the rise to improvements across all three of its core businesses.

HKG:3888SHA:688111

Asia117d ago

CSSC Offshore & Marine Forecasts Up to 133% Profit Surge in Q1; Hong Kong Shares Up 6%

CSSC Offshore & Marine Engineering (HKG:0317, SHA:600685) expects first-quarter net attributable profit of 360 million yuan to 430 million yuan, representing a year-on-year increase of 95% to 133%, according to a Monday Hong Kong bourse filing.The Hong Kong-listed shares of the marine and defense equipment manufacturer were up nearly 6% in Tuesday morning trade.The company said the increase was driven by stronger order intake in the shipbuilding segment, improved product mix, and higher investment income from associated enterprises.

HKG:0317SHA:600685

Asia117d ago

Transtech Optelecom Science to Acquire Controlling Stake in Chinese Optical Fiber Manufacturer

Transtech Optelecom Science (HKG:9963) said it agreed to acquire a controlling stake in Chinese optical fiber manufacturer Futong Optoelectronics Technology (Hangzhou), according to a Hong Kong bourse filing Monday.Shares of the optical fiber cables maker gained 3% in morning trade Tuesday.Under the agreement, the firm will acquire 51% of Futong Optoelectronics via the issue of 78 million yuan worth of shares at HK$1.85 apiece.The 48.4 million shares to be issued represent 13.92% of the company's enlarged share capital.The company simultaneously entered a three-year sales agreement with Futong Optoelectronics to continue purchasing optical fibers with annual caps of 140 million yuan, 166 million yuan, and 169 million yuan until Dec. 31, 2028.

HKG:9963

Asia117d ago

Vision Values to Raise HK$200 Million via Convertible Bonds; Shares Slip 5%

Vision Values (HKG:0862) plans to raise HK$200 million through subscriptions of convertible notes, according to a Monday Hong Kong bourse filing.Shares of the IT services company were down about 5% in Tuesday morning trade.The company entered into agreements with five subscribers to issue the 2026 convertible notes, with proceeds earmarked mainly for logistics expansion, including electric truck fleets, as well as gold exploration in Mongolia and working capital.Upon full conversion at an initial price of HK$0.042 per share, the notes could convert into about 5.19 billion new shares, representing about 132% of the company's existing issued share capital.Separately, Vision Values proposed a 10-for-1 share consolidation and a board lot change from 5,000 shares to 10,000 consolidated shares.

HKG:0862

Asia117d ago

Critica Achieves 81% Magnet Rare Earth Recovery in Western Australia's Jupiter Pilot Plant, Shares Up 9%

Critica (ASX:CRI) said its pilot plant at the Jupiter rare earth project in Western Australia has achieved a magnet rare earth recovery of about 81%, showing strong recovery of key neodymium-praseodymium (NdPr) and heavy rare earth elements, according to a Tuesday Australian bourse filing.The company said pilot plant optimization has also delivered improved total rare earth oxide (TREO) recovery of about 71%, with expanded metallurgical programs underway, including optimization of mixed rare earth precipitate (MREP) production and testing of additional hydrometallurgical pathways.The company added that its scoping study remains on track.The company's shares rose 9% in recent Tuesday trade.

ASX:CRI

Asia117d ago

XXF to Raise HK$151 Million via Share Placement, Top-Up Subscription; Shares Fall 8%

XXF (HKG:2473) plans to raise about HK$151 million in net proceeds through a share placing and top-up subscription, according to a Monday Hong Kong bourse filing.Shares of the automobile services company were down nearly 8% in Tuesday morning trade.An existing shareholder, Glorypearl Capital Resources, will place 154.7 million shares at HK$0.98 each to at least six investors on a best-efforts basis.The placing represents about 10% of the company's existing issued share capital.XXF 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 vehicle procurement to support its automobile retail and leasing businesses, as well as general working capital.

HKG:2473

Asia117d ago

Meituan Grants Restricted Share Units

Meituan (HKG:3690) said it granted 79.3 million restricted share units to its employees and certain service providers, according to a Hong Kong bourse filing Monday.Shares of the Chinese food delivery firm were down over 1% in morning trade Tuesday.Of the total, around 79.2 million RSUs were granted to employee participants, while 142,654 RSUs granted to service providers.

HKG:3690

Asia117d ago

Resolution Minerals Says Metallurgy Test Work on Idaho Project Sample Produces Intermediate Antimony Trioxide Product, Shares Up 6%

Resolution Minerals (ASX:RML) said metallurgy test work is progressing on antimony-bearing stibnite veins at the Antimony Ridge project in Idaho, and an intermediate antimony trioxide product was produced from large samples of stibnite by Kingston Process Metallurgy, according to a Tuesday Australian bourse filing.The product was made using the conventional pyrometallurgical process of volatilization, and it had a 99.38% antimony trioxide content by weight. Further refining pyrometallurgical test work is underway.Its shares jumped 6% in recent trading on Tuesday.

ASX:RML

Asia117d ago

Market Chatter: Geely Automobile Says New Hybrid System to Beat Japanese Car Efficiency

Chinese auto manufacturer Geely Automobile (HKG:0175) on Monday unveiled an artificial intelligence-based hybrid gas-electric vehicle platform that it said could surpass the fuel efficiency offered by Japanese cars, according to media reports.The so-called i-HEV system, which uses AI to analyze real-time environmental conditions to boost energy efficiency, consumed 2.22 liters ⁠per 100 kilometers in a highway test, Reuters reported."It will comprehensively surpass the hybrid technology from the Japanese," Geely Group spokesman Victor Yang was quoted as saying by Bloomberg.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0175

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