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China Rare Earth Nonferrous Metals (SHA:600259) Expects Up to 281% Profit Surge in Q1

China Rare Earth Nonferrous Metals (SHA:600259) forecasted first-quarter attributable net profit of between 150 million yuan and 180 million yuan, compared with 47.3 million yuan the previous year.The up to 281% jump is due to higher rare earth prices and subsidiaries' loss reduction, according to a filing with the Shanghai bourse.Shares of the rare earth products company were down 1% in recent trade.

$SHA:600259

International11d ago

South Korean Won Weakens Amid Failed US-Iran Talks

The South Korean won weakened against the U.S. dollar on Monday after the talks between the US and Iran failed after 21 hours of negotiations in Islamabad.Following the failed negotiations, U.S. President Donald Trump on Sunday warned on Truth Social that the U.S. Navy would immediately begin blockading all ships attempting to enter or leave the Strait of Hormuz.The won opened at 1,495.4 per dollar, weakening 12.9 won from the previous close, according to a Yonhap News report.According to Reuters, U.S. forces would block all maritime traffic entering and exiting Iranian ports at 10 am ET on Monday.

$^KOSDAQ$^KS11

Asia11d ago

Jingsheng Mechanical & Electrical's 2025 Profit Drops 65%, Revenue Falls 35%

Zhejiang Jingsheng Mechanical & Electrical's (SHE:300316) net profit attributable to shareholders in 2025 dropped 65% year on year to 884.7 million yuan, or 0.68 yuan per share, according to a Saturday filing on the Shenzhen bourse.The semiconductor equipment manufacturer's attributable shares a year earlier was 2.51 billion yuan, or 1.92 yuan per share.Operating revenue fell 35% to 11.4 billion yuan from 17.6 billion yuan a year earlier.

$SHE:300316

Asia11d ago

SEM Holdings Controlling Shareholder Sells 9% Stake in Business

SEM Holdings (HKG:9929) said its controlling shareholder Yao Capital sold a 9% stake in the business to HH RSV-MIM Holdings, according to a Hong Kong bourse filing Friday.Shares of the electrical and mechanical engineering services fell over 10% in morning trade Monday.Yao Capital disposed 180 million shares of the firm for $13.2 million, reducing its stake from 75% to 66%, SEM said.

$HKG:9929

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Financial News · Live Terminal

China Rare Earth Nonferrous Metals (SHA:600259) Expects Up to 281% Profit Surge in Q1

South Korean Won Weakens Amid Failed US-Iran Talks

Jingsheng Mechanical & Electrical's 2025 Profit Drops 65%, Revenue Falls 35%

SEM Holdings Controlling Shareholder Sells 9% Stake in Business

China Rare Earth Nonferrous Metals (SHA:600259) Expects Up to 281% Profit Surge in Q1

South Korean Won Weakens Amid Failed US-Iran Talks

Jingsheng Mechanical & Electrical's 2025 Profit Drops 65%, Revenue Falls 35%

SEM Holdings Controlling Shareholder Sells 9% Stake in Business

Market Chatter: Singapore to Likely Adjust Monetary Policy Amid Recession Fears

Litian Pictures to Raise HK$10 Million via Share Placement

Vinyl Group Completes Digital Media Business Acquisition From HOYTS Group Unit

Market Chatter: Telix Pharmaceuticals' Pipeline Validated by Regeneron Deal, Citi Says

Native Mineral Resources Holdings Restarts Mining at Queensland Project, Shares Slide 6%

GDH Guangnan Warns of Q1 Loss Amid Drop in Swine Prices, Intensified Competition

Voicecomm Technology Enters HK$94 Million Share Sale Agreement

Clifford Modern Living Invests Nearly HK$43 Million in Silver Bullion

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TOMO Completes Nearly HK$16 Million Share Placement; Shares Surge 21%

Poly Developments Logs 10% Slide in March Contracted Sales

Nova Minerals Appoints New CFO; Shares Down 4%

Magnus Concordia Receives Offers For Two Properties in Hong Kong

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Be Friends Grants 6.5 Million Shares to Employees Under Award Plan

Coforge Secures All Statutory, Regulatory Clearances for Encora Acquisition