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XD Electric's 2025 Profit Jumps 20%, Revenue Rises 7%

China XD Electric's (SHA:601179) net profit attributable to shareholders in 2025 jumped 20% year on year to 1.27 billion yuan, or 0.25 yuan per share, according to a Shanghai bourse filing on Saturday.The power transmission and distribution equipment manufacturer's shares fell over 2% during the afternoon trade.The attributable profit a year earlier was 1.05 billion yuan, or 0.21 yuan per share.Operating revenue rose 7.1% to 23.8 billion yuan from 22.2 billion yuan in the previous year.

$SHA:601179

Asia62d ago

China Petroleum Engineering Declares 344-Million-Yuan Asset Impairment Provision in 2025; Shares Fall 5%

China Petroleum Engineering (SHA:600339) declared 2025 provision for asset impairment of 344.0 million yuan.Bad debt provision for receivables stood at 195.7 million yuan, impairment provision for contract assets was 141.0 million yuan and provision for inventory write-down was 7.2 million yuan, according to a filing with the Shanghai bourse.Meanwhile, asset impairment provisions of 8.1 million yuan were reversed last year.Shares of the construction engineering company fell 5% in recent trade.

$SHA:600339

Asia62d ago

Guangzhou Port's 2025 Profit Falls 16%, Revenue Slips 2%; Shares Drop 4%

Guangzhou Port's (SHA:601228) net profit attributable to shareholders in 2025 fell 16% year on year to 821.6 million yuan, or 0.109 yuan per share, according to a Saturday filing on the Shanghai bourse.The Chinese port operator's shares dropped over 4% during Monday's midday trade.The attributable profit a year earlier was 973.2 million yuan, or 0.129 yuan per share.Operating revenue slipped 2% to 13.9 billion yuan from 14.2 billion yuan in the previous year.

$SHA:601228

Asia62d ago

NIBE's CFO Resigns

NIBE (BOM:535136) said its chief financial officer and key managerial personnel, Jigar Shah, has resigned, effective Saturday, according to a disclosure to the BSE the same day.The defense manufacturing company's shares were down over 2% in early trade on Monday.Shah cited health reasons for his resignation.

$BOM:535136

Asia62d ago

Fitch Rates Whitehaven Coal's First-Lien Senior Secured Notes 'BBB-'

Fitch Ratings gave a "BBB-" rating to Whitehaven Coal's (ASX:WHC) proposed first-lien senior secured notes, to be issued under a dual-tranche structure, the ratings agency said Monday.The first-lien senior secured notes are on equal footing with Whitehaven's first-lien senior secured term loan and first-lien senior secured revolving credit facility, and are therefore similarly rated one-notch higher than the company's long-term issuer default rating, Fitch said.The company's acquisition of the Daunia and Blackwater mines has considerably increased its scale and diversification, which Fitch cited as a key rating driver. It said Blackwater also provides further potential for expansion, including mining at Blackwater South, which is not captured in the current rating.Other rating drivers include Whitehaven's improved cost position, an expectation for the Middle East conflict to boost thermal coal demand in East Asia, strong liquidity, and reduced merger and acquisition risk in the near term, Fitch said.

$ASX:WHC

Asia62d ago

China Healthwise Trims Yunfeng Stake with Nearly HK$2 Million Sale

China Healthwise (HKG:0348) disposed of 500,000 shares in Yunfeng Financial (HKG:0376) for about HK$1.6 million, according to an April 10 Hong Kong bourse filing.Shares of the health products retailer were down over 5% in Monday's midday trade.The shares were sold at an average price of about HK$3.13 each.The company expects a loss of about HK$16,000, with proceeds to be used for working capital.

$HKG:0348$HKG:0376

Asia62d ago

Samvardhana Motherson International's Croatian Subsidiary Gets Dissolved; Shares Down 3%

Auto components manufacturer Samvardhana Motherson International (NSE:MOTHERSON, BOM:517334) said its indirect wholly-owned subsidiary SMRC Automotive Interior Modules Croatia has been dissolved, according to a Sunday filing to the Indian stock exchanges.The company's shares were down 3% in early trade on Monday.SMRC-Croatia applied to the Commercial Court of Zagreb for its dissolution, as it had no foreseeable new business and incurring high annual costs.Subsequently, the Commercial Court of Zagreb dissolved the company from its register, rendering it dissolved from April 11.

$BOM:517334$NSE:MOTHERSON

Asia62d ago

Sunner Development Expects Q1 Profit to Jump Up to 97%

Fujian Sunner Development (SHE:002299) expects its net profit attributable to shareholders in the first quarter to jump between 69% and 97% to 250 million yuan to 290 million yuan, according to a Shenzhen bourse filing on Monday.Earnings per share in the same quarter will be between 0.20 yuan and 0.23 yuan.The attributable profit a year earlier was 147.6 million yuan, or 0.12 yuan per share.The chicken product manufacturer's shares rose less than 2% during the midday trade.

$SHE:002299

Asia62d ago

Mary Chia Receives Statutory Demand from Fullink Capital; Shares Plunge 9%

Mary Chia (SGX:5OX) received a statutory demand from Fullink Capital in respect of an alleged sum of around SG$902,640, according to a Friday filing with the Singapore Exchange.Shares of the beauty and wellness brand were down over 9% in Monday trading.The amount is in connection with loans extended to the company's subsidiary, Organica International, for which the company had provided a corporate guarantee.The company had reached out to Fullink and proposed a resolution with a revised sum of around SG$354,379 which was not accepted.The company has now prepared an application to the Singapore Court, seeking declaratory relief.

$SGX:5OX

Asia62d ago

Yidu Tech Affiliate Wins Infectious Disease Monitoring Project in China

Yidu Tech (HKG:2158) said its affiliate secured an infectious disease monitoring and warning project in China's Hainan province, according to a Monday Hong Kong bourse filing.The contract, valued at about 12.9 million yuan, was awarded to Yidu Cloud (Beijing) Technology.

$HKG:2158

Asia62d ago

Formosa Plastics' Revenue Edges Up in March; Shares Rally 9%

Formosa Plastics (TPE:1301) logged consolidated revenue of NT$17.4 billion for March, up 1.5% from a year earlier, according to a Friday Taiwan Exchange filing.Shares jumped about 9% in Monday's afternoon trade.Monthly, the revenue surged 61.6%, driven by higher sales volume and prices following fewer working days in the prior month due to the Lunar New Year holiday.The company said demand improved as customers restocked amid supply concerns linked to the US-Iran conflict, while stronger crude oil and petrochemical prices lifted product pricing.However, price gains were partly offset on an annual basis by lower average selling prices for key products such as PVC, polyethylene and caustic soda, as well as a stronger Taiwan dollar, it said.

$TPE:1301

Asia62d ago

Sunner Development's 2025 Profit Soars 91%, Revenue Rises 8%

Fujian Sunner Development's (SHE:002299) net profit attributable to shareholders in 2025 soared 91% year on year to 1.38 billion yuan, or 1.12 yuan per share, according to a Shenzhen bourse filing on Monday.The attributable profit a year earlier was 724.3 million yuan, or 0.59 yuan per share.Operating revenue rose 8.1% to 20.1 billion yuan from 18.6 billion yuan in the previous year.The chicken product manufacturer's shares rose less than 2% during the midday trade.

$SHE:002299

Asia62d ago

Centaurus Metals Receives Non-Binding Offers of Up to $320 Million to Finance Brazil Nickel Development

Centaurus Metals (ASX:CTM) received multiple proposals of over $250 million to fund the development of its Jaguar Nickel Sulphide Project in northern Brazil, including non-binding offers for up to $320 million, according to a Monday filing with the Australian bourse.The company received the interest after soliciting proposals from a group of international financiers, including the Brazilian National Development Bank from which it received a letter of intent, per the filing.Centaurus Metals is in the process short-listing preferred financiers ahead of planned site visits and due diligence. The company said it plans to name a preferred financier or syndicate in the third quarter to coincide with a final investment decision on the project.Centaurus shares gained nearly 1% in recent Monday trading.

$ASX:CTM

Asia62d ago

GHV Infra Projects Cliches INR12.5 Billion Construction Contract from Apco Infratech

GHV Infra Projects (BOM:505504) has secured an order worth 12.5 billion Indian rupees from Apco Infratech, according to a BSE filing on Sunday.The company's shares were up over 2% in recent trade on Monday.The contract is for the execution of construction works, including survey, design, engineering, procurement, construction, supply of plant and materials, maintenance, temporary works, and all other activities necessary for completion of the project in connection with the development of expressway connectors from Jalna to Nanded in Maharashtra, India.The construction period for the project is estimated to be 30 months.

$BOM:505504

Asia62d ago

Haisco Pharmaceutical Expects Q1 Profit to Skyrocket to 1,095%; Shares Up 3%

Haisco Pharmaceutical (SHE:002653) expects its net profit attributable to shareholders in the first quarter surge between 923% and 1,095% year on year to 477 million yuan to 557 million yuan, according to a Shenzhen bourse filing on Monday.Earnings per share during the same period is expected to be between 0.43 yuan and 0.50 yuan.The attributable profit a year earlier was 46.6 million yuan, or 0.04 yuan per share.The pharmaceutical company's shares jumped less than 3% during the midday trade.

$SHE:002653

Asia62d ago

Market Chatter: Singapore Equities Showcase Resilience Amid Global Volatility

Singapore's stocks are expected to reclaim their record high, amid global volatility due to conflict in the Middle East, according to a report by Bloomberg on Monday.While the APAC region has been impacted by the US-Iran war, with global energy prices soaring, Singapore's dollar has been outperforming its regional peers. The city-state's Equity Market Development Program and the key constituents of its main index have added to the appeal, according to the report.According to Daniel Lau, a fund manager at Eastspring Investments, the Equity Market Development Program's valuation support provides the Singapore dollar a safe-haven status, 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.)

$^STI

Asia62d ago

Junshi Biosciences' Shareholder Keeps Stake After Sale Plan Lapses; Shares Jump 5%

Shanghai Junshi Biosciences (HKG:1877, SHA:688180) said a major shareholder did not sell any shares as its reduction plan expired, according to an April 10 Hong Kong bourse filing.Hong Kong-listed shares of the firm were up nearly 5% in Monday midday trade.Shanghai Tanying Investment, which held about 5.8% of the company, had planned to reduce up to 2% of its stake between January and April.

$HKG:1877$SHA:688180

Asia62d ago

Haisco Pharmaceutical's 2025 Profit Falls 34%, Revenue Rises 18%; Shares Up 3%

Haisco Pharmaceutical's (SHE:002653) net profit attributable to shareholders in 2025 fell 34% year on year to 259.6 million yuan, or 0.23 yuan per share, according to a Shenzhen bourse filing on Monday.The attributable profit a year earlier was 395.5 million yuan, or 0.35 yuan per share.Operating revenue rose 18% to 4.39 billion yuan from 3.72 billion yuan in the previous year.The pharmaceutical company's shares jumped less than 3% during the midday trade.

$SHE:002653

Asia62d ago

Formosa Chemicals and Fibre Books NT$6.25 Billion Profit in Q1; Shares Rally 9%

Formosa Chemicals and Fibre (TPE:1326) booked net profit attributable to owners of NT$6.25 billion, or NT$1.07 per share, for the first quarter, according to a Friday Taiwan Exchange filing.Shares jumped about 9% in Monday's afternoon trade.Revenue for the quarter reached NT$81.75 billion, up 3.6% versus a year earlier, driven by higher sales volume and improved pricing.The company said profitability was boosted by better aromatics margins, higher production and sales, and gains from equity-method investments, particularly from Formosa Petrochemical.

$TPE:1326

Asia62d ago

Texmaco Rail Bags Order Worth INR236 Million for Railway Rake, Break Van; Shares Down 3%

Texmaco Rail & Engineering (NSE:TEXRAIL, BOM:533326) has secured an order worth 235.7 million Indian rupees from Hindalco Industries (NSE:HINDALCO, BOM:500440), according to a Sunday filing to the Indian stock exchanges.The company's shares were down over 3% in early trade on Monday.The contract is for the supply of one Bogie Tank Alumina Powder (BTAP) rake and one break van within five months.BTAP rakes are specialized freight trains designed for the bulk transport of powder materials like calcined alumina and fly ash, while a brake van is a railway vehicle attached to the rear of freight trains.

$BOM:500440$BOM:533326$NSE:HINDALCO$NSE:TEXRAIL

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