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Lifan Technology's Sales Rise 20% in April; Production Expands 80%

Lifan Technology's (SHA:601777) sales grew 20% year over year to 7,590 vehicle units in April, according to a Friday disclosure to the Shanghai bourse.Production expanded 80% year over year to 7,283 vehicles.

SHA:601777

Asia57d ago

Daqin's Core Operating Asset Posts 2% Rise in Freight Transportation Volume in April

Daqin Railway's (SHA:601006) core operating asset, the Daqin Railway Line, recorded a 1.8% year on year rise in its freight transportation volume to 31.2 million tons, according to a Friday disclosure on the Shanghai bourse.The average daily freight volume was around 1 million tons.The Daqin Railway Line operated 72.7 trains per day on average, including an average of 55.4 trains with a 20,000-ton capacity.Between January and April, the Daqin Line's freight transportation volume climbed 3.8% from a year earlier to 128 million tons.

SHA:601006

Asia57d ago

Kolmar Korea's Net Income Jumps 241% in Q1; Shares Rise 3%

Kolmar Korea (KRX:161890) posted first-quarter net income attributable to shareholders of 45.2 billion won, up 241% from 13.2 billion won a year earlier, according to a Friday filing with the Korea Exchange.The South Korean pharmaceutical preparation manufacturing firm's sales rose 11% year over year to 728.04 billion won from 653.09 billion won.Shares of Kolmar Korea rose nearly 3% in recent trade.

KRX:161890

Asia57d ago

DongFeng Automobile's Sales Fall 14% in Aprilp

DongFeng Automobile's (SHA:600006) vehicle sales slid 14% to 12,001 units in April from 14,036 units in the year-ago period, according to a Friday filing with the Shanghai bourse.Production declined 7.9% to 10,734 units during the month from 11,655 units in the prior-ago period.

SHA:600006

Asia57d ago

Dalipal Completes HK$385 Million Top-Up Placing, Subscription

Dalipal (HKG:1921) completed the previously announced share placing and top-up subscription to raise about HK$385.2 million in net proceeds, according to a Thursday Hong Kong bourse filing.The oil and gas pipes business' shares fell nearly 3% in late morning trade Friday.Controlling shareholder Rosy Astral Limited placed 74.3 million shares at HK$5.28 each to new investors and simultaneously subscribed to the same number of new shares from Dalipal.The shares represent 4.70% of the company's enlarged share capital.

HKG:1921

Asia57d ago

GCL Technology Unit Raises $148 Million via Debt Offering

GCL Technology (HKG:3800) unit GCL Solar Star Investment completed a $148 million debt offering, the firm said in a Hong Kong filing Thursday.The solar materials manufacturer's shares were down over 2% in late morning trade Friday.The unit sold 6.95% guaranteed convertible bonds due 2027 that can be exchanged for shares of GCL Technology at an initial rate of HK$1.21 per conversion share.Assuming full conversion, the bonds would net 958.6 million GCL Technology shares, representing 2.80% of the business on an enlarged basis.The convertible bonds were listed in Vienna.Proceeds from the debt offering will be used for general corporate purposes and repayment of debts, GCL Technology said.

HKG:3800

Asia57d ago

Lotus Horizon Expects Slide to Loss in Q1 2026

Lotus Horizon (HKG:6063) said it expects HK$3.5 million in consolidated net loss for the first quarter of 2026, compared with a profit of HK$3.2 million a year earlier, according to a Hong Kong filing Thursday.The construction engineering services firm's shares gained over 1% in Friday morning trade.The firm attributed the slide into loss to a 13% year-on-year decrease in revenue due to slow progress on construction projects.

HKG:6063

Asia57d ago

Wiwynn Logs NT$14 Billion Profit in Q1; Shares Gain 5%

Wiwynn (TPE:6669) posted a net profit attributable to owners of NT$14.1 billion for the first quarter, or NT$75.95 per basic share, according to a Thursday disclosure on the Taiwan Exchange.Shares gained about 5% in Friday's afternoon trade.The manufacturer of cloud infrastructure products did not provide comparative year-ago figures.Operating revenue amounted to NT$276.5 billion, it said.

TPE:6669

Asia57d ago

Wasion Units Win Bids to Supply Smart Meters, Terminals to State Grid Corporation of China; Shares Down 3%

Wasion (HKG:3393) units won bids to supply smart meters and terminals to State Grid Corporation of China, the company said in a filing with the Hong Kong bourse Thursday.The energy metering products provider's shares fell nearly 3% in late morning trade Friday.The company's units won contracts to supply 827,000 units of smart meters and metering current voltage transformers for 207.8 million yuan, and a further 24,000 units of intelligent fusion terminals and special transformer data collection terminals for 77.4 million yuan.

HKG:3393

Asia57d ago

Yutong Bus' Sales Volume Jumps 12% in April

Yutong Bus' (SHA:600066) sales volume in April jumped 12% to 3,755 vehicles from 3,338 vehicles a year earlier, according to a Friday disclosure on the Shanghai bourse.The Chinese bus maker's output rose 20% year on year to 4,204 vehicles from 3,517 vehicles.

SHA:600066

Asia57d ago

Nextdc Says JPMorgan Chase Ceases to be a Substantial Shareholder

Nextdc (ASX:NXT) received notice that JPMorgan Chase and its affiliates are no longer substantial holders of the company from Tuesday, according to a Friday filing with the Australian bourse.JPMorgan Chase and its affiliates became a substantial holder of the company on Monday, with a total voting power of 5.45%, an earlier filing showed.Nextdc's shares shed about 1% in recent Friday trade.

ASX:NXT

Asia57d ago

Zhoushan Port's Container Throughput Rises 7%, Cargo Drops 7% in April

Ningbo Zhoushan Port's (SHA:601018) container throughput for April rose 6.9% year on year to 4.6 million TEUs or twenty-foot equivalent units, according to a Shanghai bourse filing on Friday.The Chinese transportation services provider's cargo throughput dropped 7.2% year on year to 96.5 million tons.

SHA:601018

Asia57d ago

Wai Chun, Unit Settle Island Sky Property Dispute

Wai Chun (HKG:1013) and its subsidiary Wai Chun Bio-Technology (HKG:0660) agreed to pay HK$4.2 million to settle a lawsuit filed by Island Sky, the firms said in Hong Kong filings Thursday.Wai Chun shares fell over 14% in late morning trade Friday, while Wai Chun Bio-Technology declined 3%.The firms were previously ordered by the Hong Kong High Court to pay about HK$2.7 million plus interest each to settle claims brought by Island Sky.The penalty represented 50% of mesne profits, rent, and related charges for premises at Admiralty Centre covering the period from Sept. 16, 2022, to April 27, 2023.The firms said they filed a court summons asking the court to dismiss a planned appeal against the judgment and cancel upcoming hearings scheduled for June 11 and Aug. 15.

HKG:0660HKG:1013

Asia57d ago

Novatek Microelectronics' Profit Slumps 28% in Q1; Shares Rally 10%

Novatek Microelectronics (TPE:3034) posted first-quarter net income of NT$3.77 billion, down 28.4% from a year earlier, amid weaker smartphone demand, according to a Thursday Taiwan Exchange filing.Shares gained over 1% in Friday's late morning trade.Quarterly, profit rose 2.1%.First-quarter revenue rose 1.4% quarter-on-quarter to NT$23.15 billion, supported by growth in the SoC business, though revenue declined 14.7% annually.The company proposed a cash dividend of NT$23 per common share, representing a payout ratio of 85.61%.For the second quarter, Novatek forecast revenue of NT$27.5 billion to NT$28.5 billion, with gross margin projected at 38% to 41% and operating margin at 16% to 19%, the filing said.

TPE:3034

Asia57d ago

DroneShield Says JPMorgan Chase Ceases to be a Substantial Shareholder; Shares Fall 3%

DroneShield (ASX:DRO) received notice that JPMorgan Chase and its affiliates are no longer substantial holders of the company from Tuesday, according to a Friday filing with the Australian bourse.JPMorgan Chase and its affiliates became a substantial holder of the company on April 7, with a total voting power of 5.15%, an earlier filing showed.The company's shares fell around 3% in recent Friday trade.

ASX:DRO

Asia57d ago

Lotte Rental's Net Income Rises 5% in Q1; Shares Up 3%

Lotte Rental (KRX:089860) posted first-quarter net income attributable to shareholders of 31.1 billion won, up 4.7% from 29.7 billion won a year earlier, according to a Friday filing with the Korea Exchange.The South Korean rental firm's sales rose 6.6% year over year to 730.9 billion won from 685.6 billion won.Shares of Lotte Rental rose more than 3% in recent trade.

KRX:089860

Asia57d ago

HD Hyundai Heavy Wins KRW352.1 Billion Order for Two Gas Carriers; Shares Decline 6%

HD Hyundai Heavy Industries (KRX:329180) won an order for two very large gas carriers from an Oceania-based shipping company, according to a Friday filing with the Korean Exchange.The deal is valued at 352.1 billion won. The shipbuilder will deliver the vessels by March 30, 2029.Shares of the company fell nearly 6% in recent trade.

KRX:329180

Asia57d ago

Pharmicell Wins KRW8 Billion Contract from Doosan Electronics BG

Pharmicell (KRX:005690) secured a deal to supply Doosan Corp. (KRX:000150) subsidiary Doosan Electronics BG with electronic materials, according to a Friday filing with the Korea Exchange.The contract, valued at 8.07 billion won, is valid until July 31.

KRX:000150KRX:005690

Asia57d ago

Cyber Power Systems Hit By Cyberattack

Cyber Power Systems (TPE:3617) said unidentified hackers gained unauthorized access to parts of its systems and encrypted certain server data, according to a Thursday Taiwan Exchange filing.Shares gained over 1% in Friday's late morning trade.The company activated its cybersecurity response and recovery mechanisms immediately after the breach was discovered. External cybersecurity firms and experts were also brought in to assist with the investigation and remediation efforts.Cyber Power said the incident is not expected to have any material impact on its financial condition or business operations.

TPE:3617

Asia57d ago

Britannia Industries' Consolidated Profit Rises in Fiscal Q4

Britannia Industries' (NSE:BRITANNIA, BOM:500825) consolidated attributable profit rose to 6.78 billion Indian rupees in the fiscal fourth quarter ended March 31, from 5.60 billion rupees a year ago.Earnings per share came in at 28.16 rupees from 23.25 rupees a year earlier, the fast-moving consumer goods company said in a filing to the Indian stock exchanges on Thursday.Revenue from operations in fiscal Q4 increased to 47.2 billion rupees from 44.3 billion rupees a year ago.The company's board recommended a final dividend of 90.50 rupees per equity share of face value of 1 rupee each for the financial year ended March 31.

BOM:500825NSE:BRITANNIA

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