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On March 18th, Chery Automobile (09973.HK) announced that its revenue for 2025 will reach RMB 300.287 billion, a year-on-year increase of 11.3%; net profit for the year will be RMB 19.507 billion, a year-on-year increase of 36.1%; and net profit margin will be 6.5%, compared to 5.3% in the same period last year. The Board of Directors has resolved to recommend a final cash dividend of RMB 0.86 per share (inclusive of tax) for the current year.Geely Automobile (00175.HK): Sales target for 2026 is 3.45 million vehicles.Geely Automobile (00175.HK) expects its full-year revenue in 2025 to be RMB 345.23 billion, compared with RMB 240.2 billion in the same period of the previous year.March 18th - Geely Automobile (00175.HK) announced that its sales volume for 2025 will reach 3.0246 million vehicles, a year-on-year increase of 39%; revenue will reach RMB 345.232 billion, a year-on-year increase of 25%. Profit attributable to owners of the parent company will be RMB 16.852 billion, basically flat compared to last year. The board of directors recommends a final dividend of HKD 0.50 per ordinary share, a year-on-year increase of 52%.On March 18th, the Department of Energy Conservation and Comprehensive Utilization of the Ministry of Industry and Information Technology (MIIT) convened a symposium on the comprehensive utilization of waste tires on March 17th, 2026. Representatives from relevant industry associations, research institutions, and key enterprises attended the meeting. At the meeting, participants focused on tire retreading, recycled rubber, rubber powder, and pyrolysis, introducing the current domestic and international development status of the waste tire comprehensive utilization industry, the innovative application of process technology and equipment, digital transformation, the construction of standard systems, and the promotion and application of recycled products. They analyzed and assessed the opportunities and challenges facing the industrys development during the 15th Five-Year Plan period and proposed policy recommendations to promote the high-quality development of waste tire comprehensive utilization in my country. Next, the Department of Energy Conservation and Comprehensive Utilization will conduct in-depth research on the waste tire comprehensive utilization industry, further strengthen policy guidance, improve relevant standard systems, strengthen industry regulation and management, increase the promotion and application of advanced technologies, and continuously improve the level of waste tire comprehensive utilization.

XRP Price Action Turns Bearish as the SEC v Ripple Case Gains Momentum

Alice Wang

Oct 26, 2022 15:26

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3.32% less XRP was traded on Monday. XRP lost the 0.75% gain it had on Sunday and finished the day at $0.45344. For the first time in four sessions, XRP closed the day below $0.46, snapping a three-day gain run.


The day got off to a rocky start with XRP reaching an early high of $0.47322. The price of XRP dropped to a low of $0.44800 in the early afternoon after failing to pass the First Major Resistance Level (R1) at $0.4768. Before temporarily returning to $0.46, XRP breached the First Major Support Level (S1) at $0.4565. However, a negative day's finale caused XRP to retrace through S1 and finish at $0.45344.


Investor perception of the SEC v. Ripple lawsuit has changed to one of caution as the parties get closer to a potential resolution.

Investors Grow Wary of the SEC v. Ripple Decision

Over the weekend, the market provided support, but on Monday, sentiment shifted to the downside. After the parties submitted public, redacted copies of the opposing papers on Monday, updates have not yet been made.


Although the Defendants have recently received positive court rulings, the case's advancement is starting to pick up speed. We anticipate that XRP price volatility will increase as the case develops in reaction to updates and chitchat from both sides.


The materials associated with the Hinman speech continue to be a topic elsewhere. The SEC requested "in camera review suggested redactions to two versions of Director Bill Hinman's June 2018 speech that reference ongoing findings before the Commission," and investors are awaiting the court's reaction.


The SEC intends to use redactions to keep the information from becoming public after failing to protect the documents relating to the Hinman speech under the attorney-client privilege. Investor resolve would be put to the test if the SEC won the case.


Despite the SEC's best efforts, William Hinman continues to play a significant role in the SEC v. Ripple case. Bitcoin (BTC) and Ethereum (ETH) are not securities, according to William Hinman, Division of Corporation Finance, in a well-known 2018 lecture.

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