The listing Business is flourishing, and the HKEX achieved a record profit in the first quarter.

In the first quarter of 2025, the Hong Kong Stock Exchange's Net income reached 4.08 billion HKD, a staggering 37% year-on-year growth, setting a historical quarterly record. The AI boom, the return of Chinese concept stocks, and Trump’s policies have led to drastic market fluctuations, collectively driving up Trade volume and settlement income.

wallstreetcn05:32 ET

The enthusiasm for photovoltaics has faded, from tens of thousands of attendees to only 800 people online; LONGi Green Energy Technology aims for a return to the break-even point in Q3 | Direct coverage of the Earnings Conference.

① The company's Director, Zhong Baoshen, stated that the ability to turn losses into profits is closely related to the industry situation, with a goal to return to breakeven by the third quarter of this year; ② Zhong Baoshen anticipates that by 2026, as the Electrical Utilities system adapts and adjusts to the acceptance of the New energy Fund, there will be a return to a growth state. However, it will not again reach the rapid growth rates of 40% to 50% seen in previous years, but may be around a 10% increase.

cls.cn04:34 ET

May's Must-See Financial Events: Apple & Nvidia Earnings, Berkshire Meeting, Interest Rate Decision, and More

Moomoo Breakfast US04:04 ET

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.

wallstreetcn12:03 ET

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.

cls.cnApr 29 11:03 ET

Warren Buffett's 60-Year Legacy: What to Watch for at Berkshire Hathaway Shareholders Meeting?

Moomoo News GlobalApr 29 05:49 ET · Headlines