The Shanghai Composite Index closed down 0.08% at 3283.970 (a decrease of 2.685 compared to the previous day) at the end of the morning Trade.
The Shanghai Composite Index closed the morning Trade at 3,283.970, down 0.08% (-2.685 compared to the previous day). The dollar-yen exchange rate is around 142.42 yen.
Last year's net profit grew by over 10% year-on-year, lagging behind the increase in gold prices. Zhongjin Gold Corp.,Ltd has adjusted its main product output for 2025｜Interpretations.
① In 2024, Zhongjin Gold Corp.,Ltd's net income increased by 13.71% year-on-year, still lagging behind the rise in gold prices; ② The company has lowered the production of major non-ferrous products for 2025.
The volume and price of the container shipping business both rose, and COSCO Shipping Holdings' net income in Q1 increased by over 73% | Earnings Reports news.
Due to the increase in cargo volume and unit revenue in the container shipping Business, COSCO Shipping Holdings performed remarkably, with Q1 revenue increasing by 20.05% year-on-year and net income attributable to shareholders soaring by 73.12% year-on-year.
The price war in the photovoltaic Industry is fierce, LONGi Green Energy Technology is expected to incur a net loss of 8.62 billion yuan in 2024, marking its first annual loss in over a decade | Earnings Reports insights.
The Global photovoltaic Industry is experiencing a decline in prices, leading to widespread losses for companies at all stages, and LONGi has also not escaped the pressure of price competition. The Chairman of LONGi Green Energy Technology stated that the company is facing the most difficult situation in its history in 2024. LONGi reported a net loss of 8.6 billion yuan for the entire last year, marking its first annual loss since 2013. The net loss situation improved somewhat in the first quarter, decreasing by 38.89% year-on-year to 1.436 billion yuan, but the industry crisis has not been completely resolved.
Chongqing Brewery: Q1 revenue and net income experienced low single-digit growth. The "Shancheng Beer" brand has not become a "Chongqing old brand" | Interpretations
① In Q1, Chongqing Brewery experienced a slight increase in revenue and Net income, with growth rates for high-end and mid-range products being less than 2%, while the low-cost products showed relatively high growth, indicating that the company's Global Strategy for high-end products faces challenges. ② Recently, the Chongqing Municipal Commission of Commerce announced the eighth batch of proposed recognized list of Chongqing time-honored brands, and the "Mountain City Beer" brand under Chongqing Brewery was not included in the list. ③ Recently, a representative from Carlsberg confirms to a reporter from the Financial Associated Press that the sales of Mountain City Beer have seen an increase last year.
The chairman of LONGi Green Energy Technology stated in the annual report that it was the "most challenging year since going public" and admitted to several failed decisions | Interpretations
①Looking back at 2024, LONGi Green Energy Technology's revenue has significantly decreased year-on-year, and there has been a substantial loss in net income. The Chairman stated, "This has become the most difficult year since the company went public." ②The external reason is the imbalance between supply and demand in the Industry, insufficient operating rates, and continuously falling prices of photovoltaic products. The internal reason is the accumulation of many management mistakes in Operations.
