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Shaanxi Coal Industry's Q1 Profit Falls 12%, Revenue Slips 3%; Shares Down 4%

Shaanxi Coal Industry's (SHA:601225) net profit attributable to shareholders in the first quarter fell 12% year on year to 4.21 billion yuan, or 0.43 yuan per share, according to a Saturday filing on the Shanghai bourse.The coal miner's shares dropped 4% during the morning trade.The attributable profit a year earlier was 4.80 billion yuan, or 0.50 yuan per share.Operating revenue slipped 3% to almost 39 billion yuan from 40.2 billion yuan in the preceding year.

SHA:601225

Asia64d ago

Hengtong Optic-Electic's 2025 Profit Slips 3%, Revenue Up 11%

Hengtong Optic-Electric's (SHA:600487) net profit attributable to shareholders in 2025 fell 3.2% year on year to 2.68 billion yuan from 2.77 billion yuan, according to a Shanghai bourse filing over the weekend.Earnings per share edged down to 1.10 yuan from 1.14 yuan.Revenue, however, climbed 11.5% year on year to 66.9 billion yuan from 60 billion yuan, the Chinese fiber optic cable manufacturer said.

SHA:600487

Asia64d ago

Jiangxi Rimag to Acquire Sun Seeds, Wingon Medical in HK$353 Million Deal

Jiangxi Rimag (HKG:2522) agreed to acquire 100% equity interests in Hong Kong Sun Seeds Management and Wingon Medical Technology, according to a Monday Hong Kong bourse filing.The consideration comprises HK$185.4 million for Hong Kong Sun Seeds Management and HK$168 million for Wingon Medical Technology, to be settled through the issue of consideration shares and the transfer of treasury shares.The two target companies primarily hold equity interests in Medical Image Insights.Upon completion, Jiangxi Rimag's effective interest in Medical Image Insights will increase to about 25.4% as the stakes held through the targets become fully attributable to the group.The company will issue 49.4 million new shares and transfer 5.7 million treasury shares to the sellers, with the consideration price set at HK$6.405 per share.

HKG:2522

Asia64d ago

Rohm Has Not Expressed Support for Denso's Proposal to Acquire Shares

Rohm (TYO:6963) said it "has not expressed its support" for Denso Corp.'s (TYO:6902) proposal to acquire shares in the company, according to a Monday filing with the Tokyo Stock Exchange.Recent media reports about the proposal did not come from Rohm's announcement, and the company has not backed the plan at this stage. Denso is considering how to respond to the matter, Rohm said.

TYO:6902TYO:6963

Asia64d ago

Market Chatter: BYD Focuses on Fast Charging in Bid to Win Customers

BYD (HKG:1211, SHE:002594) is equipping more of its cars with super-fast charging to win over consumers who have traditionally shied away from electric vehicles due to concerns over range and long charging times, Reuters reported Friday.The Chinese carmaker's executive vice president Stella Li reportedly told Reuters that so-called flash charging would solve the "last barrier for EV adoption.""This means we now can compete with the gas market," Li reportedly said.The car maker also plans to build about 20,000 flash-charging stations in China and 6,000 overseas within the span of a year, the report 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.)

HKG:1211SHE:002594

Asia64d ago

Hengtong Optic-Electric's Q1 Profit Nearly Doubles as Revenue Climbs 34%

Hengtong Optic-Electric's (SHA:600487) net profit attributable to shareholders in the first quarter surged 98.5% year on year to 1.11 billion yuan from 556.8 million yuan, according to a Shanghai bourse filing over the weekend.Earnings per share increased to 0.4563 yuan from 0.2298 yuan.Revenue climbed 34% year on year to 17.8 billion yuan from 13.3 billion yuan, the Chinese fiber optic cable manufacturer said, attributing the growth to increased demand and prices in the optical communication market.Hengtong also cited increased deliveries of marine communication and energy products and growing demand in overseas markets among the factors for the improved performance.

SHA:600487

Asia64d ago

Eneos Unit Indicted in Japan Diesel Cartel Case

Eneos Holdings (TYO:5020) is strengthening governance and compliance after authorities indicted its unit Eneos Wing over alleged antimonopoly violations in diesel fuel sales in Tokyo, according to a Monday filing on the Tokyo Stock Exchange.The Japan Fair Trade Commission indicted Eneos Wing on April 17 on suspicion of coordinating diesel prices, with prosecutors filing charges the same day.Eneos Holdings is restructuring management at Eneos Wing, setting up a compliance unit, and expanding audits and executive training across key group companies.The parent has also conducted a cartel risk review and has not identified significant issues, it said.

TYO:5020

Asia64d ago

Solstice Minerals Finds Visible Copper Sulfide Mineralization at Western Australia Project; Shares Reach All-Time High

Solstice Minerals (ASX:SLS) found visible copper sulfide mineralization in multiple zones downhole during its diamond drilling at the Nanadie project in Western Australia, according to a Monday filing with the Australian bourse.The first diamond drillhole tail was completed to a final depth of 629 meters, the filing said.Geological logging and core processing are in progress, and assay results are expected in about five to six weeks, per the filing.Shares rose nearly 12% in midday trade on Monday and earlier reached an all-time high.

ASX:SLS

Asia64d ago

Kyorin Pharma Signs MOU to Transfer Generic Drug Business to Daito Group

Kyorin Pharmaceutical (TYO:4569) will transfer its generic drug business under a memorandum of understanding with Daito Pharmaceutical (TYO:4577) and partners as it shifts focus to new drug operations, according to a Thursday filing on the Tokyo Stock Exchange.Kyorin Pharmaceutical plans to transfer its subsidiary Kyorin Remedio and related production facilities to a new platform company to be set up by Daito and co-investors, aiming to support a stable supply in Japan's generic drug market.The company is pursuing the move as it prioritizes growth in new drug development while addressing structural challenges in the generic drug sector, including weak profitability and supply disruptions.Kyorin Pharmaceutical expects to sign a definitive agreement by September, with the transfer targeted for April 2027.

TYO:4569TYO:4577

Asia64d ago

Joyvio Food's Loss Narrows 96% in Q1

Joyvio Food's (SHE:300268) attributable loss narrowed 96% to 7.84 million yuan in the first quarter from 180.9 million yuan in the year-ago period, according to a Monday filing by parent company Legend Holdings (HKG:3396) with the Hong Kong bourse.Loss per share at the Chinese agricultural products company came in at 0.0450 yuan compared with 1.0385 yuan in the prior-year period.Revenue declined 71% to 194.3 million yuan from 677.5 million yuan in the year-ago period.

HKG:3396SHE:300268

Asia64d ago

Shengyi Technology's 2025 Profit Surges 92%, Revenue Up 39%

Shengyi Technology (SHA:600183) posted full-year attributable net profit of 3.33 billion yuan in 2025, up 92% from 1.74 billion yuan in 2024.Earnings per share rose to 1.38 yuan from 0.73 yuan, according to a filing with the Shanghai bourse over the weekend.The electronic components manufacturer's revenue climbed 39% year over year to 28.4 billion yuan from 20.4 billion yuan.

SHA:600183

Asia64d ago

East Money Information's Q1 Profit Up 38%, Revenue Rises 44%

East Money Information (SHE:300059) posted first-quarter attributable net profit of 3.74 billion yuan, up 38% from 2.72 billion yuan the previous year.Earnings per share rose to 0.2364 yuan from 0.1719 yuan, according to a filing with the Shenzhen bourse over the weekend.The financial services provider's operating revenue climbed 44% year over year to 5.03 billion yuan from 3.49 billion yuan.

SHE:300059

Asia64d ago

China Water Affairs Group Plans Offshore Debt Offering

China Water Affairs Group (HKG:0855) plans to conduct an offshore debt offering under its 5.875% senior note series, according to a Hong Kong bourse filing Monday.The firm had issued and listed $150 million of the 5.875% notes due in 2030 on the Singapore Exchange in October 2025.The company will announce the pricing of the additional notes at a later date. Proceeds raised will be used to refinance the company's prior borrowings for green projects.

HKG:0855

Asia64d ago

Sinopharm Group Records Drop in Q1 2026 Profit

Sinopharm Group (HKG:1099) booked 1.41 billion yuan in attributable profit for the first quarter of 2026, falling from 1.46 billion yuan in the year-ago period, according to a Hong Kong bourse filing Monday.Earnings per share were 0.45 yuan, compared with 0.47 yuan in the prior year.Total operating revenue fell to 140.77 billion yuan from 141.66 billion yuan, figures showed.

HKG:1099

Asia64d ago

Boab Metals Obtains AU$236 Million Syndicated Facility to Finance Western Australia Project; Shares Up 5%

Boab Metals (ASX:BML) entered a full form syndicated facility agreement for AU$236 million equivalent of debt facilities to finance the development of its Sorby Hills silver-lead project in Western Australia, according to a Monday filing with the Australian bourse.The agreement, arranged by Merricks Capital and Davidson Kempner Capital Management, splits the debt facilities equally between Australian dollar tranches of AU$118 million and US dollar tranches of $84.4 million, per the filing.The company said it expects to make the first drawdown on the facility in the third quarter.It added that Sorby Hills is on track for first concentrate production in the second half of 2027.Shares of Boab Metals gained about 5% in recent Monday trade.

ASX:BML

Asia64d ago

Dongfeng Motor Unit Raises Stake in Voyah Automotive to 69.6%

Voyah Automotive Technology (HKG:7489) said Dongfeng Motor (HKG:0489) increased its stake in the company by 5.47 million shares through market purchases, according to a Monday Hong Kong bourse filing.The shares acquired represent about 0.2% of the company's total issued share capital.Following the increase, Dongfeng Motor Corporation and its subsidiaries hold about 69.6% of Voyah Automotive's total issued shares.

HKG:0489HKG:7489

Asia64d ago

South Korean Shares Open Higher Despite US-Iran Tension

South Korean shares opened higher on Monday despite the ongoing U.S.-Iran tensions, with no definitive solution to the U.S. blockade of the key Strait of Hormuz and Iran's President Masoud Pezeshkian telling Pakistan PM Shehbaz Sharif that Tehran will not negotiate with the U.S. under siege, threats, or pressure.The benchmark Korea Composite Stock Price Index, or Kospi, gained 0.9%, or 57.97 points, to open at 6,533.60. The Kosdaq gained 9.29 points to open at 1,213.13.Amid the regional tensions, Iranian Foreign Minister Abbas Araghchi will meet Russian President Vladimir Putin in Moscow on Monday, with talks expected to focus on the U.S.-Iran ceasefire, regional tensions, and broader negotiations involving the US and Israel.Mikhail Ulyanov, Russia's envoy to international organisations in Vienna, said Monday that the U.S. must leave behind "blackmailing" and "ultimatums" in its negotiations with Iran if talks are to move forward.Market movers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added 1.82% and 5.24% in Monday morning trade.

^KOSDAQKOSPIKRX:000660KRX:005930

Asia64d ago

Ascletis Pharma Completes Patient Enrollment in Phase 2 Study of ASC30

Ascletis Pharma (HKG:1672) said it completed patient enrollment in the phase 2 study of its oral drug ASC30 in the U.S., according to a Hong Kong bourse filing Monday.The firm will study the drug as a treatment for type 2 diabetes over a 13-week period. Topline data from the investigation is expected in the third quarter of 2026, according to Ascletis.ASC30 is also being developed as a treatment for obesity.

HKG:1672

Asia64d ago

Cauldron Energy Secures Two Western Australian Government Grants

Cauldron Energy (ASX:CXU) secured co-funded drilling and geophysics grants amounting to AU$217,750 under the Western Australian Government's Exploration Incentive Scheme for programs to be conducted at its Yanrey project, according to a Monday filing with the Australian bourse.The company received a co-funded geophysics grant of up to AU$78,500 for follow-up passive seismic surveying at the project and a co-funded drilling grant of up to AU$89,250 for first-pass exploration drilling in the Ashburton East region, the filing said.A further AU$50,000 allowance is available under this round of the scheme, per the filing.

ASX:CXU

Asia64d ago

Humm Group Shares Rise as Takeovers Panel Sets Aside Initial Panel Orders, Makes New Orders

Humm Group's (ASX:HUM) shares rose over 1% in recent trading on Monday after the Takeovers Panel on Friday set aside the orders made by the initial panel in Humm Group and made new orders.The new orders made by the review panel do not require The Abercrombie Group, an entity controlled by Humm's founder and former chair Andrew Abercrombie, to dispose of any shares. Instead, they require The Abercrombie Group not to vote 15 million of the Humm shares that it holds for around six months.The new orders require Humm to disclose certain information material to shareholders' assessment of the likelihood of progression of Credit Corp's proposed acquisition of Humm.The new orders also require The Abercrombie Group to continue to hold at least 15 million Humm shares until six months after the date of the disclosure, but those shares can be accepted into a bid made byCredit Corp.

ASX:HUM

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