Newsflashes | EqualOcean

Oct 27/ Friday

08:24 AM
Consumer Staples, Financials
Anjoy Foods Q3 Net Profit Totaled CNY 386 million, with an Impressive YoY Increase of 63.75%

Chinese leading frozen food production company, Anjoy Foods (603345:SH), released its Q3 report showing a total operating income of CNY 10.271 billion in the first three quarters, marking a YoY growth of 25.93%. The net profit attributable to the parent company was CNY 1.122 billion, indicating a significant increase of 62.69% compared to the same period last year. In the third quarter, Anjoy Foods earned a net profit of CNY 386 million, indicating a significant year-on-year growth of 63.75%. The company, founded in December 2001, specializes in researching, developing, producing and selling frozen food products featuring frozen hot pot ingredients, frozen noodle and rice products, and frozen dishes.

Consumer Staples, Financials

Anjoy Foods
08:23 AM
Technology, Automotive
Sunwoda Electronics Q3 Net Profit Up 15.74% YoY

Sunwoda Electronics (300207:SZ) released its third quarter report, revealing that in the third quarter, the company achieved total operating revenue of CNY 12.083 billion, representing a decrease of 18.72% year on year. Net profit attributable to shareholders of the listed company amounted to CNY 365 million, representing a year-on-year increase of 15.74%. Sunwoda Electronics is a high-tech company engaged in the R&D, design, production and sales of lithium-ion battery modules. As a leading provider of lithium-ion battery module solutions and products in China, it is committed to providing customers with safe, lightweight and durable green energy products.

Technology, Automotive

Sunwoda

Oct 20/ Friday

06:03 PM
Technology
China’s OpenAI Challenger Zhipu AI Secures Over CNY 2.5 Billion to Step Further on Large-Scale Model

Beijing Knowledge Atlas Technology Co., Ltd. (Chinese: 北京智谱华章科技有限公司), or Zhipu AI, has attained more than CNY 2.5 billion in financing this year. The investors include Zhongguancun Independent Innovation Fund (Chinese: 社保基金中关村自主创新基金), Meituan, Ant Group, Alibaba, Tencent, Xiaomi, Kingsoft, Shunwei Capital, Boss Zhipin, TAL, Sequoia Capital, Hillhouse Capital and other big names, with follow-on investments from original shareholders such as Legend Capital. The proceedings will be used to support further research and development of the large-scale pre-trained language model, supporting industry ecology more effectively while achieving high-speed development with partners.

Technology

Oct 18/ Wednesday

Oct 8/ Sunday

Sept 26/ Tuesday

Sept 23/ Saturday

01:43 AM
Consumer Staples, Financials
China's Outbound Non-financial Direct Investment Increased 18.8% YoY

China's outbound investment saw steady growth from January to August 2023, the Ministry of Commerce announced on September 21. Non-financial direct investment totaled CNY 585.61 billion, reflecting a 18.8% YoY increase. Among them, Chinese companies invested CNY 140.37 billion in non-financial direct investment in countries participating in the Belt and Road initiative, marking a YoY increase of 22.5%. The turnover of outbound contracted projects reached CNY 648.62 billion, up 6.1% YoY, and the value of newly signed contracts amounted to CNY 863.34 billion, showing a 2% YoY increase. Chinese enterprises completed contracted projects worth CNY 529.52 billion in countries that participated in the Belt and Road initiative, recording an increase of 4.8% YoY.

Consumer Staples, Financials

Sept 20/ Wednesday

12:51 PM

Chinese Insurtech QingSong Health Marks 9th Anniversary with Bold Steps Towards a Healthier China

On September 19, QingSong Health celebrated its 9th anniversary with a strategic conference centered around the theme "Keeping Warm and Staying Healthy for Long." During the conference, QingSong Health introduced multiple initiatives aimed at promoting the "Healthy China" campaign. The company forged partnerships with key collaborators, including the China Silver Industry Association, JD Health, Airdoc Technology (2251:HK), Zhonghui Public Mutual, BOE Health IoT Hospital, and Realbio Technology, to unveil nine significant strategic cooperation projects. Guided by the principle of putting users first, QingSong Health remains unwavering in its mission to empower every household as well as pioneering and innovating within the expansive field of the health industry's development.

Sept 18/ Monday

Sept 11/ Monday

Sept 6/ Wednesday

12:03 PM

Alibaba Cloud Eyes Private Funding from State Firms Ahead of Hong Kong IPO

Alibaba's stock rose by 3.3% to ¥93.15 on 5 September. According to Bloomberg, Alibaba's cloud business division is contemplating private financing from Chinese state-owned enterprises in preparation for its potential Hong Kong listing. Source familiar with the matter suggests that Alibaba Cloud might seek to raise approximately CNY 100 billion to CNY 200 billion (approximately USD 13.6 billion). Potential investors may include state-owned telecommunication companies. Spokespersons from China's three major state-owned telecom operators did not respond to requests for comment. It's noted that the financing considerations are still in the preliminary stages, with details like timing, scale, and amount remaining uncertain and subject to future adjustments.

Alibaba Cloud

Oct 27/ Friday

Anjoy Foods Q3 Net Profit Totaled CNY 386 million, with an Impressive YoY Increase of 63.75%

Sunwoda Electronics Q3 Net Profit Up 15.74% YoY

Oct 20/ Friday

China’s OpenAI Challenger Zhipu AI Secures Over CNY 2.5 Billion to Step Further on Large-Scale Model

Oct 18/ Wednesday

UAE Bets Big on Renewable Energy, Expects to Invest Over USD 160 Billion in Next 30 Years

Wind Power is Propelled into a New Phase of Extraordinary Growth

Oct 8/ Sunday

Shenzhen Sets Ambitious Goals for Green and Innovative Industries: Aiming for CNY 100 Billion in New Energy Industry Value

Shenzhen Targets 1 Million Kilowatts of Virtual Power Plant Load Regulation by 2025

Shenzhen Accelerates Drive Towards Green Construction: Over 100 Projects to Join Smart Construction Pilot by 2025

Sept 26/ Tuesday

SPIC Smart Energy Corporation and Tencent Cloud Officially Signs a Strategic Cooperation Agreement

SVOLT is Poised to Ship 1.6 Million Units Domestically this Year

Sept 23/ Saturday

China's Outbound Non-financial Direct Investment Increased 18.8% YoY

Sept 20/ Wednesday

Chinese Insurtech QingSong Health Marks 9th Anniversary with Bold Steps Towards a Healthier China

Sept 18/ Monday

4Paradigm Initiates IPO Today and Targets HKSE on September 28

Electric Vehicles to Account for Two-thirds of Global Vehicle Sales by 2030

Sept 14/ Thursday

DHGate Launches DHmogo, a New Cross-border E-commerce Platform for Pan-household

Sept 13/ Wednesday

TikTok Officially Launches E-commerce Marketplace Service in the US

Sept 12/ Tuesday

New Energy Vehicle Sales Up 27% in August 2023

Sept 11/ Monday

Tesla Announces Global Supercharger Network Surpasses 50,000 Units

The Oncoming Carbon-neutral Economy Calls for Up to CNY 40 Bn Investment to Secure the Future

Sept 6/ Wednesday

Alibaba Cloud Eyes Private Funding from State Firms Ahead of Hong Kong IPO