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On February 26th, Hengyunchang announced that its total operating revenue in 2025 was RMB 530.2506 million, a slight decrease of 1.95% compared to the same period last year; net profit attributable to owners of the parent company was RMB 114.3791 million, a decrease of 19.19% compared to the same period last year; and net profit attributable to owners of the parent company after deducting non-recurring gains and losses was RMB 105.0726 million, a decrease of 18.53% compared to the same period last year. During the reporting period, the company continued to expand its market and its business continued to develop. Affected by short-term fluctuations in the semiconductor industry, downstream semiconductor equipment customers dynamically adjusted their procurement volume based on the number of wafer fab orders they received, the progress of product verification and introduction, and the delivery and acceptance rhythm, which led to slight fluctuations in their procurement from the company.NIO-SW (09866.HK): The company will publish its fourth quarter and fiscal year 2025 results on the website of The Stock Exchange of Hong Kong Limited and the companys website on March 10, 2026.February 26th - NIO-SW (09866.HK) announced that the company and its subsidiary GeniTech Co., Ltd. have entered into a definitive agreement with certain Chinese investors (GeniTech Investors), pursuant to which GeniTech Investors will subscribe for newly issued shares of GeniTech for a total of RMB 2.257 billion in cash. GeniTech is primarily responsible for NIOs intelligent driving chip business.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.1 occurred near Seda County, Ganzi Prefecture, Sichuan Province at 17:26 on February 26. The final result is subject to the official rapid report.The Kremlin stated (regarding the meeting between Putin and the Prime Minister on economic issues) that such meetings are held regularly. The decline in oil and gas revenues has been partially offset by growth in non-energy revenues.

Oil prices decrease as recessionary worries weigh on demand projections

Skylar Williams

Aug 16, 2022 10:50

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Oil prices fell on Tuesday, extending losses from the previous session, as economic data from China, the world's largest oil importer, fueled fresh concerns about an impending global recession that might affect energy consumption.


Brent crude futures declined 90 cents, or 1%, to $94.20 a barrel at 00:03 GMT. Futures for WTI crude fell 81 cents, or 0.9%, to $88.60 a barrel.


In the previous trading session, oil futures dropped by roughly 3 percent.


As a result of China's dismal economic data, prices dropped. Beijing's zero-COVID policy and the property crisis strangled factory and retail activity in July, pushing the central bank to reduce lending rates to stimulate demand.


After Beijing awarded more quotas in June and July, researchers and traders predict that China's exports of fuel products will approach their highest level of the year in August. In 2022, however, expanded limitations are anticipated to limit shipments to seven-year lows.


According to a report released by the U.S. Energy Information Administration (EIA) on Monday, total output from the major U.S. shale oil basins in September will approach 9,049 million barrels per day, the highest level since March 2020.


Market participants awaited the release of industry data on U.S. crude stocks on Tuesday afternoon. According to a preliminary Reuters poll issued on Monday, oil and gasoline stockpiles likely fell last week, but distillate levels increased. [EIA/S]


Additionally, investors observed efforts to revive the 2015 Iran nuclear agreement. According to analysts, if Iran and the United States accept the European Union's offer to eliminate limitations on Iranian oil exports, the oil supply might expand.


According to an EU official, Iran responded on Monday to the EU's "final" draft language to salvage the 2015 nuclear deal. The official did not comment on Iran's response. The Iranian foreign minister encouraged the United States to be flexible in order to overcome three unresolved issues.

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