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China Northern Rare Earth's Attributable Profit Soars 124% in 2025

China Northern Rare Earth's (SHA:600111) attributable profit surged 124% to 2.25 billion yuan in 2025 from 1 billion yuan in 2024, according to a Tuesday filing with the Shanghai bourse.Basic earnings per share at the rare earth soared 124% to 0.6227 yuan from 0.2778 yuan in the previous year.Operating income grew 29% year over year to 42.6 billion yuan from 33 billion yuan.Shares decreased 4% during morning trading on Tuesday.

SHA:600111

Asia133d ago

Mayfield Group Holdings Says Consolidated Work-In-Hand Reaches AU$135 Million

Mayfield Group Holdings (ASX:MYG) said its consolidated work-in-hand was around AU$135 million as of Tuesday, up 18.5% from AU$114 million on Dec. 31, 2025, according to a same-day Australian bourse filing.Its largest recent individual order was worth AU$10 million for a major renewable energy zone development. Recent significant orders total over AU$21 million across multiple sectors, including data centers, renewable energy, infrastructure, power generation, and mining.

ASX:MYG

Asia133d ago

Shenhuo Coal & Power's Q1 Profit Soars 223%, Revenue Jumps 29%; Shares Up 4%

Henan Shenhuo Coal & Power's (SHE:000933) net profit attributable to shareholders in the first quarter soared 223% year on year to 2.29 billion yuan, or 1.035 yuan per share, according to a Shenzhen bourse filing on Tuesday.The attributable profit a year earlier was 708.3 million yuan, or 0.320 yuan per share.Operating revenue jumped 29% to 12.4 billion yuan from 9.63 billion yuan in the previous year.The Chinese coal mining company's shares climbed 4%during the morning trade.

SHE:000933

International133d ago

Business Confidence in Australia Plunges in March on Middle East Tensions, NAB Says

Business confidence in Australia fell 29 points to negative 29 in March, its lowest level since April 2020 and one of the sharpest declines since the global financial crisis and COVID-19, following the Middle East conflict, National Australia Bank (ASX:NAB) said in a Tuesday report.Business conditions remained at 6 index points, slightly below the long-run average of 7, as an improvement in employment was offset by declines in trading and profitability."The divergence between confidence and conditions highlights how quickly sentiment can respond to global shocks, even as activity data remains more stable in the near term," said Gareth Spence, NAB head of Australian economics.Industry conditions were mixed, with mining and transport and utilities recording the strongest gains, while wholesale experienced the largest decline, the report added.By state, conditions improved in Western Australia and South Australia by 17 and 9 index points, respectively, while Victoria recorded the largest decline, falling by 11 points.Capacity utilization rose past 83% and remained well above its long-run average, while forward orders fell 7 points back below their long-run average, and capital expenditure declined 3 points, reversing last month's increase but still staying elevated."The impact on measures of costs and prices has been immediately obvious, with purchase cost growth in quarterly terms more than doubling to 3% and product price growth rising to 1.1%," Spence added.

ASX 200

Asia133d ago

Sinomach's 2025 Profit Rises 7%, Revenue Climbs 10%; Shares Down 3%

Sinomach Heavy Equipment's (SHA:601399) net profit attributable to shareholders in 2025 rose 7.3% to 463.5 million yuan from 431.8 million yuan a year earlier, according to a Shanghai bourse filing on Tuesday.Earnings per share climbed 7.4% year on year to 0.0643 yuan from 0.0599 yuan.Operating revenue increased 9.5% to 13.9 billion yuan from 12.7 billion yuan in the prior year.The Chinese industrial machine producer's shares dropped 3% during the morning trade.

SHA:601399

Asia133d ago

Octopus (APAC) to Distribute Grupo Osborne Products in Singapore

Octopus (APAC) (SGX:43A) signed an agreement with Spain's Grupo Osborne, to be the latter's principle distributor under a five-year mandate, according to a Monday filing with the Singapore Exchange.Shares of the beverage company were up nearly 2% in Tuesday trading.Osborne has also made a SG$5 million strategic investment in the company, acquiring a 6.40% stake at SG$0.068 per share.Osborne has a portfolio of premium brands across 70 countries and manages more than 30 brands.

SGX:43A

Asia133d ago

L&K Engineering Expects Q1 Profit to Soar Up to 223%; Shares Drop 9%

L&K Engineering Suzhou (SHA:603929) expects net profit attributable to shareholders for the first quarter to soar between 181% and 223% to 230 million yuan to 265 million yuan, according to a Shanghai bourse filing on Tuesday.The attributable profit a year earlier was 82 million yuan, or 0.38 yuan per share.Operating revenue for the same period is expected to jump between 26% and 45% to a range of 1.05 billion yuan and 1.21 billion yuan.The Chinese engineering services provider's shares slumped 9% during late-morning trade Tuesday.

SHA:603929

Asia133d ago

LG Electronics Uses Heat Pumps to Expand Voluntary Carbon Emissions Trading Business; Shares Rise 4%

LG Electronics (KRX:066570) is using high-efficiency heat pumps to expand its voluntary carbon emissions trading business, the electronics products maker said in a Tuesday release.The process will be used to lower carbon emissions during the product usage phase, the release said.Shares of LG Electronics rose over 4% in recent trade.

KRX:066570

International133d ago

BRC: UK Retail Sales Growth Accelerates to 3.1% in March

Retail sales in the UK grew 3.1% year over year on a like-for-like basis in March, against the 0.7% rise in the previous month, according to data from the British Retail Consortium published Tuesday.Analysts were expecting a 0.9% increase for the month.The strongest jump since April 2025 was mainly attributed to higher food sales amid an early Easter, while sales of travel-related goods were impacted by the conflict in the Middle East.

FTSE 100

Asia133d ago

China Resources Land's Contracted Sales Slide 14% in March

China Resources Land (HKG:1109) recorded contracted sales of 22.42 billion yuan in March, with a gross floor area (GFA) of 594,000 square meters, down 14% and 35%, respectively, from a year prior, according to a Monday Hong Kong bourse filing.Shares of the property developer gained over 1% in morning trade Tuesday.In March, recurring revenue rose 7% to approximately 4.28 billion yuan, of which rental income from the investment property business rose 11% to 2.85 billion yuan.For the first three months of 2026, contracted sales and GFA fell 14% and 37%, to 44.12 billion yuan and 1.249 million square meters, respectively.For the three months ended March 31, recurring revenue was 13.33 billion yuan, up 7.6% from the prior-year period. Of this, rental income from the investment property business climbed 14% to 9.16 billion yuan.

HKG:1109

Asia133d ago

Avepoint Posts $419 Million in Revenue in 2025; Shares Up 6%

Avepoint (SGX:AVP) booked a revenue of $419 million during 2025, according to a Monday filing with the Singapore Exchange.Shares of the dual-listed cloud solutions company were up nearly 6% in Tuesday trading.SaaS revenue grew by 38% during the period, with annual recurring revenue coming in at $417 million.The company reported 28,604 total customers in 2025, compared with 25,178 customers a year earlier.

SGX:AVP

Asia133d ago

PLS Group Receives 'BB' Issuer Default Rating, Stable Outlook From Fitch; Shares Hit All-Time High

PLS Group (ASX:PLS) received an issuer default rating of "BB" with a stable outlook from Fitch Ratings, reflecting its strong business profile as a lithium producer with a production capacity of 1 million tonnes per annum, long reserve life, and flexibility on production levels, according to a Tuesday note from the credit ratings agency.Fitch also assigned PLS's proposed $500 million senior unsecured notes a rating of "BB," the same as PLS's long-term issuer default rating. The ratings firm expects the placement of new bonds to be leverage-neutral because the proceeds will be also used to repay outstanding debt.PLS is the third-largest primary lithium producer globally, and it expects to raise annual production to 820,000 to 870,000 tonnes in fiscal 2026 from its actual output of 755,000 tonnes a year earlier after the completion of the P1000 expansion project. Fitch expects its free-on-board costs to improve to AU$600 per tonne in fiscal 2026 and to AU$550 per tonne in fiscal 2028.PLS is seeking to capture additional value through vertical integration in the battery-material supply chain, and its diversification plan can reduce margin volatility through the cycle, the report noted.PLS Group's shares jumped 2% in recent Tuesday trade and earlier hit an all-time high.

ASX:PLS

Asia133d ago

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

Asia133d 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

Asia133d 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

Asia133d 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

Asia133d 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

Asia133d 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

Asia133d 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

Asia133d 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

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