YTO International ships in new CEO as its revenue fails to deliver
April 9, 2024
6123.HK
1.21
(+0.8%)
Revenue at the international arm of one of China’s leading parcel delivery companies shrunk by nearly 30% last year on falling international freight prices and waning demand
Key Takeaways:
YTO International’s profit fell 29.2% to HK$96.8 million last year, as its revenue fell at a similar rate to HK$5.29 billion
The int...
April 9, 2024
6123.HK
1.21
(+0.8%)
Revenue at the international arm of one of China’s leading parcel delivery companies shrunk by nearly 30% last year on falling international freight prices and waning demand
Key Takeaways:
YTO International’s profit fell 29.2% to HK$96.8 million last year, as its revenue fell at a similar rate to HK$5.29 billion
The int...
FAST NEWS: EHang’s aerial vehicle approved for production
April 9, 2024
EH.US
20.30
(+4.9%)
The latest: Autonomous aerial vehicle (AAV) maker EHang Holdings Ltd. (EH.US) Sunday its passenger-carrying unmanned aerial vehicle (UAV) has obtained a production certificate from the Civil Aviation Administration of China (CAAC), following its receipt of type and standard airworthiness certificates, making it the world’s first electric ve...
April 9, 2024
EH.US
20.30
(+4.9%)
The latest: Autonomous aerial vehicle (AAV) maker EHang Holdings Ltd. (EH.US) Sunday its passenger-carrying unmanned aerial vehicle (UAV) has obtained a production certificate from the Civil Aviation Administration of China (CAAC), following its receipt of type and standard airworthiness certificates, making it the world’s first electric ve...
Zeekr steps on IPO accelerator as its prospects run low on fuel
April 9, 2024
The new energy vehicle maker is reportedly jumpstarting its stalled plan to list in New York as valuations for its peers rapidly fall
Key Takeaways:
Zeekr has reportedly restarted its IPO process with reduced fundraising plans, seeking to list before its valuation falls more as prospects worsen for Chinese NEV makers
The company’s revenue from vehicl...
April 9, 2024
The new energy vehicle maker is reportedly jumpstarting its stalled plan to list in New York as valuations for its peers rapidly fall
Key Takeaways:
Zeekr has reportedly restarted its IPO process with reduced fundraising plans, seeking to list before its valuation falls more as prospects worsen for Chinese NEV makers
The company’s revenue from vehicl...
PODCAST: China EVs Under Attack, and Alibaba’s Sputtering Split-up
April 9, 2024
By Doug Young & Rene Vanguestaine
China accuses US of unfair EV subsidies at the WTO. Will the US fight back with a counter claim against Chinese EVs? And Alibaba cancels an IPO for its Cainiao logistics unit. Is its bigger plan to break up the company falling apart?
About China Inc
China Inc by Bamboo Works discusses the latest developmen...
April 9, 2024
By Doug Young & Rene Vanguestaine
China accuses US of unfair EV subsidies at the WTO. Will the US fight back with a counter claim against Chinese EVs? And Alibaba cancels an IPO for its Cainiao logistics unit. Is its bigger plan to break up the company falling apart?
About China Inc
China Inc by Bamboo Works discusses the latest developmen...
‘Sing! China’ flames out, leaving STAR CM in the dark
April 8, 2024
6698.HK
6.21
(-9.2%)
The popular talent reality show was temporarily suspended, and its creator’s revenue plunged, after a famous singer criticized it in a video last year
Key Takeaways:
STAR CM fell into the red last year with a 1.6 billion yuan loss after a controversy broke out surrounding its main money-spinner, the “Sing! China” reality show
The company is suing...
April 8, 2024
6698.HK
6.21
(-9.2%)
The popular talent reality show was temporarily suspended, and its creator’s revenue plunged, after a famous singer criticized it in a video last year
Key Takeaways:
STAR CM fell into the red last year with a 1.6 billion yuan loss after a controversy broke out surrounding its main money-spinner, the “Sing! China” reality show
The company is suing...
ProfoundBio discovers the joys of having a wealthy owner
April 8, 2024
The company has become the latest in a recent string of China-related innovative drug makers to be purchased by larger foreign buyers
Key Takeaways:
Cancer treatment maker ProfoundBio announced it will be purchased by Denmark’s Genmab for $1.8 billion
The deal is the fourth acquisition of a China-related innovative drugmaker by a foreign company in the last four m...
April 8, 2024
The company has become the latest in a recent string of China-related innovative drug makers to be purchased by larger foreign buyers
Key Takeaways:
Cancer treatment maker ProfoundBio announced it will be purchased by Denmark’s Genmab for $1.8 billion
The deal is the fourth acquisition of a China-related innovative drugmaker by a foreign company in the last four m...
CHINA BULLETIN: China-U.S. Rapprochement Continues with Xi-Biden Call, Yellen Visit
April 7, 2024
In this week’s issue Xi and Biden talk, car loans get easier and a major EV listing restarts. On a scale of 1 to 100, we give the week a 65 for offshore-listed China stocks.
Doug Young, Editor in Chief
You can to get China Bulletin weekly in your inbox.
MACRO
Last week was a short one for traders due to t...
April 7, 2024
In this week’s issue Xi and Biden talk, car loans get easier and a major EV listing restarts. On a scale of 1 to 100, we give the week a 65 for offshore-listed China stocks.
Doug Young, Editor in Chief
You can to get China Bulletin weekly in your inbox.
MACRO
Last week was a short one for traders due to t...
+1
FAST NEWS: China Wood posts large profit as trading resumes
April 5, 2024
1822.HK
0.18
(+422.9%)
The Latest: China Wood International Holding Co. Ltd. (1822.HK) on Thursday that it earned a profit of HK$1.2 billion ($153 million) last year, while its revenue rose 122% to HK$323 million.
Looking Up: China Wood conducted a successful restructuring last year, and as a result a court that was overseeing its liquidation after the com...
April 5, 2024
1822.HK
0.18
(+422.9%)
The Latest: China Wood International Holding Co. Ltd. (1822.HK) on Thursday that it earned a profit of HK$1.2 billion ($153 million) last year, while its revenue rose 122% to HK$323 million.
Looking Up: China Wood conducted a successful restructuring last year, and as a result a court that was overseeing its liquidation after the com...
FAST NEWS: GCL Technology signs major polysilicon supply deal
April 5, 2024
3800.HK
1.23
(+0.8%)
The latest: GCL Technology Holdings Ltd. (3800.HK) Thursday that it signed an agreement to sell 125,000 tons, 150,000 tons and 150,000 tons of polysilicon to solar panel maker Longi Green Energy Technology (601012.SH) in 2024, 2025 and 2026, respectively.
Looking up: The supply deal will help to stabilize GCL’s sales by guaranteein...
April 5, 2024
3800.HK
1.23
(+0.8%)
The latest: GCL Technology Holdings Ltd. (3800.HK) Thursday that it signed an agreement to sell 125,000 tons, 150,000 tons and 150,000 tons of polysilicon to solar panel maker Longi Green Energy Technology (601012.SH) in 2024, 2025 and 2026, respectively.
Looking up: The supply deal will help to stabilize GCL’s sales by guaranteein...
Strawbear slips into the red but seeks salvation in AI
April 5, 2024
2125.HK
0.40
(+1.3%)
The drama production company has lost 90% of its market value since an IPO three years ago, and just posted its first annual loss
Key Takeaways:
Strawbear Entertainment made a net loss of 109 million yuan last year and its revenue dropped 14.3%
The maker of dramas for film and TV hopes to cut costs by using AI to generate content
By Fai Pui
Af...
April 5, 2024
2125.HK
0.40
(+1.3%)
The drama production company has lost 90% of its market value since an IPO three years ago, and just posted its first annual loss
Key Takeaways:
Strawbear Entertainment made a net loss of 109 million yuan last year and its revenue dropped 14.3%
The maker of dramas for film and TV hopes to cut costs by using AI to generate content
By Fai Pui
Af...
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