Financial Wire - Financial News

IEIT Systems' 2025 Profit Rises 5%, Revenue Jumps 43%

IEIT Systems' (SHE:000977) net profit attributable to shareholders in 2025 rose 5.2% year on year to 2.41 billion yuan, or 1.64 yuan per share, according to a Saturday filing on the Shenzhen bourse.The information technology company's shares rose less than 2% during Monday's morning trade.The attributable profit a year earlier was 2.29 billion yuan, or 1.56 yuan per share.Operating revenue jumped 43% to 164.8 billion yuan from 115 billion yuan in the prior year.

$SHE:000977

XJ Electric's 2025 Profit Rises 5%, Revenue Drops 12%; Shares Dip 10%

XJ Electric's (SHE:000400) net profit attributable to shareholders in 2025 rose 4.5% to 1.17 billion yuan from 1.12 billion yuan a year earlier, according to a Shenzhen bourse filing on Saturday.The Chinese electrical equipment manufacturer's shares slumped 10% during Monday's morning trade.Earnings per share climbed 4.6% year on year to 1.15 yuan from 1.10 yuan.Operating revenue fell 12% to nearly 15 billion yuan from 17.1 billion yuan in the previous year.

$SHE:000400

Asia3d ago

Diatreme Resources to Sell Cape Flattery Silica Project in Exchange for More Shares in Cape Silica JV

Diatreme Resources (ASX:DRX) unit Metallica Minerals agreed to sell the Cape Flattery Silica project in Queensland to Cape Silica Holdings, a joint venture between Diatreme and Sibelco Silica, in exchange for additional shares in the JV, according to a Monday filing with the Australian bourse.The deal values the project at about AU$26 million, and allows Diatreme to rationalize its project ownership and boost funding and synergies for its flagship Northern Silica project, per the filing.Sibelco Silica, which holds 26.8% of the JV, will contribute up to about AU$9.5 million in exchange for shares in Cape Silica in a manner that potentially allows Sibelco to retain its current interest. On completion, Sibelco will subscribe for about AU$5.1 million worth of shares in the JV and will receive an option for an additional AU$4.4 million of shares, exercisable before July 7.Using those funds, the JV will reimburse Diatreme around AU$2.1 million for costs associated with the takeover of Metallica, which was completed in September 2024, according to the filing.The deal is subject to Diatreme shareholder approval.Shares of Diatreme gained 6% in recent Monday trading.

$ASX:DRX

Financial News

IEIT Systems' 2025 Profit Rises 5%, Revenue Jumps 43%

XJ Electric's 2025 Profit Rises 5%, Revenue Drops 12%; Shares Dip 10%

Diatreme Resources to Sell Cape Flattery Silica Project in Exchange for More Shares in Cape Silica JV

IEIT Systems' 2025 Profit Rises 5%, Revenue Jumps 43%

XJ Electric's 2025 Profit Rises 5%, Revenue Drops 12%; Shares Dip 10%

Diatreme Resources to Sell Cape Flattery Silica Project in Exchange for More Shares in Cape Silica JV

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