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Global Autos trade is facing a dark moment as Trump announces the imposition of the highest 25% tariffs on imported Autos.
① The President of the USA, Trump, announced that a maximum tariff of 25% will be imposed on all cars not manufactured in the USA; ② The tariffs will take effect on April 2 and will start to be collected the next day; ③ Most Auto Manufacturers' stock prices fell in after-hours trading, with Ford Motor down over 4% and General Motors down over 5%; ④ Canada and the EU have both responded.
COSCO SHIP ENGY's net profit increased by nearly 20% last year, raising industry concerns about future market fluctuations. | Interpretations
① COSCO SHIP ENGY achieved a Net income of 4.037 billion yuan last year, a year-on-year increase of 19.4%, reaching a new high since 2016; ② The Crude Oil Product shipping market is affected by sanctions and geopolitical factors, leading to high uncertainty, and industry insiders indicate that it will face market fluctuations in the future.
Accused of forging a seal, achieving a sales volume of 0.117 billion in two years. Jimin Health is suing its own vice president. Can Dealers get their payment back? | Quick read announcement.
① The stamp of Jimin Health is identified as "forged," and the investigation revealed the existence of a "supplementary agreement"; ② Jimin Health is at risk of being sued by Dealers, stating that "it will actively communicate with the involved Dealers to seek a proper solution"; ③ The industry believes that the involved vice president may have undertaken a considerable sales task, thus "taking a risk," while it's very difficult for suppliers to recover the payments in the short term.
Aluminum Corporation Of China reported record high net profits, and domestic alumina will shift from shortage to surplus | Interpretations
① In 2024, net profit is expected to increase by over 80%, achieving the best annual performance since the company's listing; ② The company stated that in 2025, the domestic Aluminum oxide fundamentals are expected to shift from a shortage to a surplus.
Zhejiang China Commodities City Group's revenue exceeds 15 billion in 2024, with registered purchasing merchants surpassing 4.8 million|Interpretations.
① Zhejiang China Commodities City Group's revenue last year was 15.737 billion yuan, with a year-on-year growth of 39.27%. Although the growth rate has slowed compared to the previous year, the total value is the highest ever. ② The increase in profits is mainly due to the growth of new businesses this period, such as market Operations, Chinagoods, and Yi payment. ③ The number of registered buyers on the Chinagoods platform has exceeded 4.8 million, and the Net income of its operating entities has increased by 102.05% year-on-year.
1 billion! In Suzhou Wuzhong District, which has incubated DMSG and Ecovacs Robotics, another Siasun Robot&Automation special fund has been launched.
① The Suzhou Wuzhong Robot Industry Investment Fund is a new fund outside of the 10 billion yuan robot cluster in Wuzhong District. ② This Fund will mainly serve the industrial attraction and support within the area, and a batch of projects has already been reserved, which will start investment once the registration process with the China Securities Investment Fund Association is completed.
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