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6 days ago | 
yicaiglobal.com | Tang Shihua
(Yicai) April 18 -- Shares of Chuan Jin Nuo Chemical surged after the Chinese producer of phosphate chemicals, which nearly quadrupled its net profit in the first quarter, announced a CNY1.9 billion (USD265 million) plan to build a factory in Egypt to reduce its raw material and export costs.
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1 week ago | 
yicaiglobal.com | Tang Shihua
(Yicai) April 16 -- Alibaba Cloud, the cloud computing arm of tech giant Alibaba Group Holdings, has won a major contract to upgrade the digital infrastructure of the world’s largest small commodities market with the aim of turning the Yiwu International Trade City into a global hub for small goods data trading and to make its services more user- and vendor-friendly.
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1 week ago | 
yicaiglobal.com | Tang Shihua
(Yicai) April 15 -- Shares of Fengyuan Chemical surged after the Chinese maker of chemical raw materials said it will become the long-term battery material supplier of Chinese new energy vehicle giant BYD’s battery subsidiary. Fengyuan [SHE: 002805] closed 3.7 percent up at CNY11.76 (USD1.60) in Shenzhen today, after earlier jumping as much as 7.4 percent.
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1 week ago | 
yicaiglobal.com | Xu Wei |Zhu Yanran |Gao Ya |Tang Shihua
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1 week ago | 
yicaiglobal.com | Tang Shihua
(Yicai) April 11 -- GEM, the largest supplier of battery raw materials in China and the country's leading battery recycler, said it has linked arms with South Korean peer and client EcoPro BM and Indonesian miners to build the world's most cost-competitive lithium battery materials supply chain in the Southeast Asian country.
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1 week ago | 
yicaiglobal.com | Tang Shihua
(Yicai) April 11 -- Shares of Country Garden Holdings advanced after the leading Chinese real estate developer announced "significant progress" on its offshore debt restructuring plan. Country Garden [HKG: 2007] was trading up 3.5 percent at 45 Hong Kong cents (6 US cents) as of lunch break today, after earlier jumping as much as 7 percent. The Hang Seng Index rose 0.6 percent.
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2 weeks ago | 
yicaiglobal.com | Tang Shihua
(Yicai) April 9 -- Shares of China’s Sinoma International Engineering leaped after the civil engineering giant announced it had secured a USD263 million contract to build a consumer electronics manufacturing facility in Saudi Arabia for Lenovo Group. Sinoma [SHA: 600970] closed 5.7 percent higher at CNY9.21 (USD1.30) in Shanghai today after surging as much as 6.5 percent during intraday trading. The shares are still over 20 percent down from a year ago.
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2 weeks ago | 
yicaiglobal.com | Tang Shihua
(Yicai) April 8 -- Shares in GEM advanced today after the Chinese battery materials producer said that it has started mass production and deliveries of its next-generation ternary power lithium battery precursor materials that offers a safer solution for electric vehicle batteries. The firm also added that it has not been significantly affected by the US’ tariff hikes so far. GEM’s share price [SHE: 002340] closed up 0.6 percent at CNY5.89 (USD0.80). Earlier in the day it hit 2.2 percent CNY5.98.
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2 weeks ago | 
yicaiglobal.com | Tang Shihua
(Yicai) April 8 -- Shares of Lizhong Sitong Light Alloys Group rose after the leading Chinese manufacturer of aluminum alloy materials and wheels said the "reciprocal tariffs" on all US trading partners announced by President Donald Trump last week will only slightly affect its operations, including exports. After surging by as much as 6.9 percent at one point, Lizhong [SHE: 300428] closed 3.6 percent higher at CNY15.25 (USD2.09) a share in Shenzhen today.
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2 weeks ago | 
yicaiglobal.com | Tang Shihua
(Yicai) April 7 -- Shares of Fuling Technology advanced despite the Chinese maker of disposable cutlery, straws, and service ware said the newest US additional tariffs on Chinese imports will have an adverse impact on its operations. Fuling [SHE: 001356] was trading up 1.9 percent at CNY18.93 (USD2.59) as of lunch break today. The stock surged by the 10 percent exchange-imposed daily trading limit on April 3, having gained 42 percent from its lowest price of CNY13.30 on March 24.
