INDUSTRY BRIEF: Polysilicon makers launch new joint venture to tackle oversupply
Several leading Chinese polysilicon makers have launched a new company that could help to address overcapacity plaguing the sector, Caixin reported on Wednesday. The move marks the latest step in…
BRIEF: Guoxia Technology clears Hong Kong listing hearing
Energy storage systems provider Guoxia Technology Co. Ltd. passed its listing hearing with the Hong Kong Stock Exchange on Wednesday, paving the way for the launch of its IPO later…
BRIEF: Capacitor film maker Haiwei sags in Hong Kong debut
Hebei Haiwei Electronic New Material Technology Co. Ltd. (9609.HK), a producer of ultra-thin capacitor film, opened 5.4% below its offer price in its Hong Kong trading debut on Friday, and…
BRIEF: Xiaomi profit soars 130% in third quarter as EV revenue hits record
Smartphone maker Xiaomi Corp. (1810.HK) said on Tuesday its revenue rose 22.3% year-over-year to 113.1 billion yuan ($15.91 billion) in the third quarter, while its profit surged 129.5% to 12.26…
NEWS WRAP: Struggling JinkoSolar sees new potential in energy storage
The solar module maker’s shipments fell 16.7% in the third quarter, but its revenue fell by more than double that rate as its industry suffers from overcapacity and falling prices…
BRIEF: Breton raises $32 million via share placement at 15% discount
Ｍotor manufacturer Breton Technology Co. Ltd. (1333.HK) announced on Sunday that it plans to place up to 10 million new Hong Kong-listed H-shares, representing 3.98% of its enlarged H-share capital. The…
BRIEF: CNGR falls in trading debut after weak pricing
Shares of new energy materials producer CNGR Advanced Materials Co. Ltd. (2579.HK) opened flat in their Hong Kong trading debut on Monday, and then fell during the morning session to…
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