Commonwealth Bank of Australia offloads 4.3 billion in Bank Of Hangzhou and still Holds a 15% stake in Qilu Bank.

① The Commonwealth Bank of Australia has agreed to transfer its remaining 5.45% stake in the Bank of Hangzhou to New China Life Insurance, for a total price of approximately 4.3 billion yuan; ② As of now, the Commonwealth Bank of Australia still Holds a 15% stake in Qilu Bank, making it the largest Shareholder.

cls.cnJan 24 10:03 ET

Hunan Xiang Jia husbandry's output last year was below target, cost reduction efforts are expected to turn profits into losses | Interpretations

① Hunan Xiang Jia husbandry sold approximately 45.28 million live poultry last year, which was basically stable compared to the previous year, with a slight decrease in the slaughter growth rate; ② Thanks to the drop in Fodder costs last year, the company expects to turn losses into profits in 2024.

cls.cnJan 24 09:45 ET

New Hope Liuhe expects to turn its non-recurring net profit from loss to gain. Liu Chang stated that 2025 is still in the "protracted battle" phase | Interpretations

① New Hope Liuhe expects a year-on-year increase in net income attributable to the parent company of 80.58%-120.71% in 2024, and the non-recurring net income will turn from a loss to a profit; ② The company's Chairman, Liu Chang, stated that although New Hope Liuhe has turned the situation around in 2024, it is still in a "protracted battle" phase.

cls.cnJan 23 09:49 ET

Reverse again? JA Solar Technology reported a loss of over 4 billion yuan in Q4, with asset impairment becoming the performance "killer" | Interpretations

① The company achieved a Net income of approximately 0.39 billion yuan in Q3 last year, significantly exceeding market expectations; however, by Q4, its quarterly losses ranged from 4.02 billion yuan to -4.72 billion yuan; ② The increase in component shipment volume did not result in profit growth under the extreme Low Stock Price impact in the Industry Chain.

cls.cnJan 23 08:39 ET

Star Evening News | Baiwei Storage expects to turn losses into profits in 2024. Aisen Co., Ltd. and Fumiao Technology will be suspended from trading tomorrow.

① The Ministry of Commerce responds to the U.S. hope of owning 50% of TikTok's shares; ② The Dutch Prime Minister indicates that export policies to China should be decided independently; ③ ByteDance launches a long-term research project on AGI codenamed SEED Edge.

cls.cnJan 23 08:04 ET

Photovoltaic Glass supply exceeds demand, Flat Glass Group's net profit shrinks by over 1.6 billion yuan in 2024 | Interpretations

1. Flat Glass Group expects the net income attributable to shareholders in 2024 to decrease by 1.684 billion yuan to -1.822 billion yuan, a year-on-year reduction of 61%-66%; 2. The main reason for the decline in net income is the oversupply of Photovoltaic Glass in the second half of 2024, leading to a significant price drop; 3. Flat Glass Group experienced net income losses in both Q3 and Q4 of last year.

cls.cnJan 23 05:45 ET