Financial Wire

雲南金迅資源2025年獲利成長62%

-- 根據週五提交給香港交易所的文件,雲南金迅資源(港交所代碼:3636)預計2025年歸屬於股東的淨利潤為3.288億元人民幣,較2024年的2.024億元人民幣增長62%。 每股收益為2.98元人民幣,高於去年的1.84元。 數據顯示,營收年增28%至22.7億元。 該公司還提議派發末期股息每股0.33元人民幣,並將於7月10日支付給6月24日登記在冊的股東。

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Equities

Pennpetro Energy Names Nonexecutive Co-chairman

London-listed energy projects developer Pennpetro Energy (PPP.L) appointed Ronald Derrickson as nonexecutive co-chairman to support Executive Chairman Richard Spinks.Derrickson is the owner and president of RMD Group, according to a Friday release.

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Asia

Magenta Lifecare Bags Mattresses Supply Order from Reliance Industries; Shares Down 5%

Mattresses and pillows manufacturer Magenta Lifecare (BOM:544188) has secured an order of an undisclosed amount for 6,000 mattresses from Reliance Industries (NSE:RELIANCE, BOM:500325), according to a BSE filing on Friday.The company's shares were down nearly 5% in recent trade.

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Asia

China's Credit Conditions Face Strains From Weak Domestic Demand, External Shocks, Fitch Says

Dampened domestic demand and external strains from the US-Iran war will continue to temper credit prospects in China, Fitch Ratings said in a recent release.Fitch expects China to post real GDP growth of 4.3% under its base case, but this could fall to 3.8% under a downside scenario where the Strait of Hormuz remains closed through the end of the second quarter.Lingering weak demand continues to be China's main credit pressure, with increased input costs and eroded export support also factoring into the downtrend, Fitch said.Credit constraints will be distilled in exposed sectors, including chemicals, which face pressure from increased feedstock costs amid tighter crude, naphtha, and liquefied petroleum gas markets, as well as downstream oil and gas, the rating agency said.Policymakers will likely continue prioritizing supply over demand, which narrows the potential for a more robust recovery in household spending, Fitch said.Property weakness further strains credit dynamics across sectors, with Fitch forecasting 2026 sales to drop by 7% and 8%.The rating agency expects funding conditions to remain accessible even with the external shock, with sufficient domestic liquidity and low market rates anchoring the bond market.

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