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Huawei records a jump in profits in the first half of the year thanks to smartphone renaissance


Huawei records a jump in profits in the first half of the year thanks to smartphone renaissance

SHENZHEN, China, Aug 29 (Reuters) – Chinese technology giant Huawei (HWT.UL) reported strong growth in revenue and net profit in the first half of the year on Thursday. Smartphone sales were robust and business with components for smart cars was also doing well despite U.S. sanctions. Net profit rose 18% to 54.9 billion yuan ($7.7 […]

Two Republicans want the Pentagon to put Chinese battery maker CATL on the blacklist


Two Republicans want the Pentagon to put Chinese battery maker CATL on the blacklist

WASHINGTON, Aug 28 (Reuters) – Two leading Republican lawmakers on Wednesday called on the U.S. Defense Department to add Chinese battery maker CATL (300750.SZ) to the list of the world’s largest battery makers.opens new tab placed on a restricted list of companies allegedly collaborating with Beijing’s military. Companies on the list cannot receive U.S. military […]

China Evergrande’s electric car subsidiary warns of a larger loss in the first half of the year due to impairment provisions


China Evergrande’s electric car subsidiary warns of a larger loss in the first half of the year due to impairment provisions

Aug 27 (Reuters) – The electric vehicle division of troubled property developer China Evergrande (3333.HK)opens new tab announced on Tuesday that it expected a higher loss for the first half of 2024 due to an increase in provisions for impairment. China Evergrande New Vehicle (0708.HK)opens new tab estimated its consolidated net loss for the six […]

US Open, first day | Reuters


US Open, first day | Reuters

NEW YORK, Aug 27 (Reuters) – Highlights from the first day of the U.S. Open at Flushing Meadows on Monday (times GMT): 0411 SABALENKA STORMS PAST HON Former finalist Aryna Sabalenka defeated Australian qualifier Priscilla Hon 6-3 6-3. The second-seeded Belarusian will face Italian Lucia Bronzetti in the second round. 0357 DJOKOVIC GOES IMMEDIATELY INTO […]

Loss of CN¥0.007 per share (compared to a loss of CN¥0.014 in H1 2023)


Loss of CN¥0.007 per share (compared to a loss of CN¥0.014 in H1 2023)

Leader Environmental Technologies (SGX:LS9) H1 2024 results Key financial results Sales: CN¥8.52 million (up 56% compared to H1 2023). Net loss: CN¥11.2 million (loss reduced by 50% from H1 2023). Loss of CN¥0.007 per share (improvement from loss of CN¥0.014 in H1 2023). Profit and sales history All figures shown in the graph above refer […]