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Guanghui Energy's Attributable Profit Slumps 54% in 2025

Guanghui Energy's (SHA:600256) attributable profit fell 54% to 1.35 billion yuan in 2025 from 2.95 billion yuan in 2024, according to a Friday filing with the Shanghai bourse.Earnings per share at the Chinese energy company decreased 54% to 0.2072 yuan from 0.4509 yuan in the previous year.Operating income declined 16% year over year to 30.4 billion yuan from 36.4 billion yuan.

SHA:600256

Asia152d ago

Sinolink Securities' Q1 Profit Rises 19%, Revenue Jumps 29%

Sinolink Securities' (SHA:600109) net profit attributable to shareholders for the first quarter rose 19% year on year to 692.3 million yuan, or 0.188 yuan per share, according to a Shanghai bourse filing on Friday.The attributable profit a year earlier was 582.6 million yuan, or 0.158 yuan per share.Operating revenue jumped 29% to 2.43 billion yuan from 1.89 billion yuan in the preceding year.The financial services provider's shares rose 1% at the close.

SHA:600109

Asia152d ago

Guanghui Energy's Attributable Profit Slides 66% in Q1

Guanghui Energy's (SHA:600256) attributable profit slid 66% to 236.4 million yuan in the first quarter from 693.2 million yuan, after adjustments, in the year-ago period, according to a Friday filing with the Shanghai bourse.Earnings per share at the Chinese energy company decreased to 0.0370 yuan from 0.1056 yuan in the prior-year period.Operating income declined 23% year over year to 6.89 billion yuan from 8.90 billion yuan.

SHA:600256

Asia152d ago

Goertek's Attributable Profit Rises 7% in Q1

Goertek (SHE:002241) attributable profit rose 7.3% to 503 million yuan in the first quarter from 468.9 million yuan in the year-ago period, according to a Friday filing with the Shenzhen bourse.Earnings per share at the acoustic components manufacturer increased 7.7% to 0.14 yuan from 0.13 yuan in the prior-year period.Operating income grew 14% year over year to 18.7 billion yuan from 16.3 billion yuan.

SHE:002241

Asia152d ago

China Accused of 'Industrial-Scale' AI Theft by US

China is facing accusations from the White House of systematically stealing U.S. artificial intelligence intellectual property.Michael Kratsios, director of the White House Office of Science and Technology Policy, said in a Thursday memo that Beijing uses thousands of proxy accounts and "jailbreaking techniques" to extract American AI capabilities.He added that the moves are exploitative and allow foreign actors to "strip security protocols" and result in models that aren't "ideologically neutral and truth-seeking."The memo, released weeks before a Trump-Xi summit, threatens to reignite tech tensions that cooled in October 2025.Beijing said the allegations are "baseless," according to a Reuters report.

Shanghai Composite^SZSE

Asia152d ago

Chinese Stocks Retreat on Dimmer Hopes for US-Iran Truce; Debutant Semight Surges 876%

Chinese stocks closed lower on the last trading day of the week as growing tensions in the Middle East dampened investor sentiment.The Shanghai Composite Index, the main gauge of Chinese stocks, slipped 0.3% or by 13.35 points to 4,079.90. The Shenzhen Component Index fell 0.7% or by 103.15 points to 14,940.30.Stalled talks between the U.S. and Iran, coupled with Tehran's continued control over the Strait of Hormuz, weakened investor appetite, Reuters reported Friday.Washington also accused Beijing of stealing intellectual property from U.S. artificial intelligence laboratories on an industrial scale, as shown in a memo shared on social media.Chinese semiconductor shares finished 2% higher on Friday following the launch of DeepSeek's preview of its V4 model, according to Reuters.On the corporate front, shares in Eoptolink Technology (SHE:300502) plunged 12% despite posting a 77% rise in its first-quarter profit.Debutant Semight Instruments (SHA:688808) closed 876% higher during its first trading day Friday. The Chinese manufacturer of electronic measurement instruments and semiconductor test equipment opened at 736.92 yuan, 800% higher or nine times higher than the offering price of 81.88 yuan per share.

Shanghai Composite^SZSE

Asia152d ago

Market Chatter: Gotion Says Iran War Shifts Focus to New Energy

Gotion High-tech (SHE:002074) said the world is shifting its focus on green energy as the war in Iran made disruptions on the global oil supply, Bloomberg News reported Thursday, citing its founder and chairman.Chairman Li Zhen told Bloomberg Television in an interview that the world is "placing more emphasis" on new energy, such as solar and wind, with cost improvements in batteries enabling governments to become more self-sufficient and not reliant on fossil fuel "from a few countries", the media outlet said.Li predicted that the demand for energy storage systems will jump five times higher than electric vehicles as artificial intelligence becomes more rampant in the long run, giving more opportunities for the battery maker's expansion, Bloomberg said.Data from the China Passenger Car Association showed a doubling of China's electric and hybrid vehicle exports, showing industries and consumers looking for energy supply alternatives, according to the report.(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.)

SHE:002074

Asia152d ago

GigaVis Wins KRW9.04 Billion Chip Substrate Inspection and Repair Equipment Contract

GigaVis (KOSDAQ:420770) secured a contract to supply semiconductor substrate inspection and repair equipment to domestic chip substrate manufacturers, according to a Friday filing with the Korean Exchange.The contract, valued at 9.04 billion won, is valid until Oct. 30.Shares of the industrial machinery and electronic parts manufacturer jumped more than 9% at market close.

KOSDAQ:420770

Asia152d ago

Xiangyu's 2025 Profit Slips 9%, Revenue Rises 12%

Xiamen Xiangyu's (SHA:600057) net profit attributable to shareholders in 2025 slipped 8.9% to 1.29 billion yuan from 1.42 billion yuan a year earlier, according to a Shanghai bourse filing on Friday.Earnings per share dropped 38% year on year to 0.30 yuan from 0.48 yuan.Operating revenue rose 12% to 410.3 billion yuan from 366.7 billion yuan in the previous year.The Chinese logistics services provider's shares slumped 7% at the close.

SHA:600057

Asia152d ago

Jefferies Adjusts Infosys' Price Target to INR1,235 from INR1,290, Keeps at Hold

BOM:500209NSE:INFY

Asia152d ago

Hindustan Composites Board Approves Capacity Expansion Plan for Fiscal 2027; Shares Up 5%

Hindustan Composites (NSE:HINDCOMPOS, BOM:509635) said its board has approved a capacity expansion plan for the financial year 2026-27, to meet additional demand, according to a Thursday filing on Indian bourses.Shares of the company jumped 5% in Friday's trade.The company plans to add 85,000 units per month over the next six months, funded through internal resources, the filing said.

BOM:509635NSE:HINDCOMPOS

Asia152d ago

Oil Country Tubular's CFO Resigns; Shares Up 9%

Oil Country Tubular's (NSE:OILCOUNTUB, BOM:500313) chief financial officer and key managerial personnel, Lal Bahadur Shastry Gubba, has resigned from the company, effective April 23, according to a Friday filing to the Indian stock exchanges.Gubba resigned from the company to pursue a "better professional opportunity," the filing said.The company's shares were up over 9% in recent trade.

BOM:500313NSE:OILCOUNTUB

Asia152d ago

Market Chatter: Indonesia to Avoid Immediate Fitch Ratings Downgrade if Deficit Surpasses 3% in Short Term

Indonesia will not see an immediate ratings downgrade by Fitch Ratings on going over its legal fiscal deficit limit of 3% if the change is justified, Reuters reported Friday citing George Xu, sovereign ratings director at Fitch.The exception applies to temporary breaches - that is, a hypothetical increase for one year - in response to an economic fallout resulting from the Middle East conflict, the report said.A higher deficit for over a year could, however, lead to a downgrade, according to the report.The anticipated deficit for 2026 currently stands at 2.9% but could go up to 4% if the situation worsens, according to the report.Fitch recently downgraded Indonesia's rating outlook to negative in March from stable previously.(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.)

^JKSE

Asia152d ago

Hana Financial Group to Retire KRW200 Billion Worth of Treasury Shares

Hana Financial Group (KRX:086790) plans to retire about 1.8 million treasury shares, valued at 200 billion won, according to a Friday filing with the Korea Exchange.The shares will be retired by July 21 at a par value of 5,000 won apiece.Shares of Hana Financial Group rose 2% at market close.

KRX:086790

Asia152d ago

Goertek's Profit Jumps 48% in 2025

Goertek's (SHE:002241) attributable profit rose 48% to 3.94 billion yuan in 2025 from 2.67 billion yuan in 2024, according to a Friday filing with the Shenzhen bourse.Earnings per share at the acoustic components manufacturer increased 45% to 1.13 yuan from 0.78 yuan in the previous year.Operating income declined 4.4% year over year to 96.6 billion yuan from 101 billion yuan.

SHE:002241

Asia152d ago

Tongyang Life Insurance to Retire KRW46.7 Billion Worth of Treasury Shares

Tongyang Life Insurance (KRX:082640) plans to retire about 5.3 million treasury shares, valued at 46.7 billion won, according to a Friday filing with the Korea Exchange.The shares will be retired on April 30 at a par value of 5,000 won apiece.Shares of Tongyang Life Insurance rose more than 1% at market close.

KRX:082640

Asia152d ago

Huadong Medicine's Attributable Profit Jumps 9.6% in Q1; Shares Rise 3%

Huadong Medicine's (SHE:000963) attributable profit rose 9.6% to 1.00 billion yuan in the first quarter from 914.7 million yuan in the year-ago period, according to a Friday filing with the Shenzhen bourse.Earnings per share at the drug maker increased to 0.5715 yuan from 0.5213 yuan in the prior-year period.Operating income grew 4.2% year over year to 11.2 billion yuan from 10.7 billion yuan.Shares increased 3% during afternoon trading on Friday.

SHE:000963

Asia152d ago

Market Chatter: Indonesia Secures 150 Million Barrels of Russian Crude

Indonesia has secured access to up to 150 million barrels of Russian crude oil at preferential pricing, state media Antara reported Thursday, citing presidential special envoy for energy and environment Hashim Djojohadikusumo.He said the arrangement followed President Prabowo Subianto's recent visit to Moscow and discussions with Russian President Vladimir Putin, where initial supply commitments were made. Under the deal, 100 million barrels would be supplied first, with an option to expand by another 50 million barrels depending on Indonesia's needs, reportedly.The supply is intended to strengthen energy security and provide a buffer against global market volatility. Officials said shipments could begin in 2026 as Indonesia continues efforts to diversify its energy imports, the news outlet said.(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.)

^JKSE

Asia152d ago

Huadong Medicine's Attributable Profit Slips 2.8% in 2025

Huadong Medicine's (SHE:000963) attributable profit fell 2.8% year over year to 3.41 billion yuan in 2025, according to a Friday filing with the Shanghai bourse.Operating revenue jumped 4.1% year over year to 43.6 billion yuan.Shares increased 3% during afternoon trading on Friday.

SHE:000963

Asia152d ago

Market Chatter: Malaysian PM Encourages Flexible Work Arrangements Amid Fuel Crisis

Malaysian Prime Minister Anwar Ibrahim has urged the private sector to adopt flexible work arrangements to cut costs and maintain productivity, The Star reported Friday.Employers should move away from outdated practices and towards automation, as such measures could help reduce fuel consumption and ease cost pressures on businesses and workers, Ibrahim reportedly said.He also warned the Middle East conflict poses risks to global stability and could raise Malaysia's logistics and economic costs if prolonged, the news outlet reported.(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.)

FTSE Bursa Malaysia KLCI

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