Shanghai Stock Exchange

Alibaba Group Appoints Two Independent Directors with Enhanced Corporate Governance

Retrieved on: 
Thursday, August 4, 2022 - 1:15am

The new appointments demonstrate the Companys commitment to corporate governance excellence and diversity at the board level.

Key Points: 
  • The new appointments demonstrate the Companys commitment to corporate governance excellence and diversity at the board level.
  • Following these appointments, the Companys board currently consists of twelve directors, including seven independent directors.
  • The new independent board member appointments are part of Alibabas ongoing enhancement of our corporate governance.
  • I am delighted to join Alibaba, with its mission to make it easier to do business with anyone, anywhere.

Daqo New Energy Announces Unaudited Second Quarter 2022 Results

Retrieved on: 
Wednesday, August 3, 2022 - 11:30am

Revenues were $1,244.1 million, compared to $1,280.3 million in the first quarter of 2022 and $441.4 million in the second quarter of 2021.

Key Points: 
  • Revenues were $1,244.1 million, compared to $1,280.3 million in the first quarter of 2022 and $441.4 million in the second quarter of 2021.
  • Gross margin was 76.1%, compared to 63.5% in the first quarter of 2022 and 68.7% in the second quarter of 2021.
  • Operating margin was 74.6%, compared to 62.2% in the first quarter of 2022 and 66.3% in the second quarter of 2021.
  • Net income attributable to Daqo New Energy Corp. shareholders and earnings per ADS
    As a result of the aforementioned, net income attributable to Daqo New Energy Corp. shareholders was $627.8 million, compared to $535.8 million in the first quarter of 2022 and $232.1 million in the second quarter of 2021.

Tims China and Easy Joy Open Three Tims Coffee Shops in Beijing

Retrieved on: 
Monday, August 1, 2022 - 2:40pm

SHANGHAI, China, Aug. 01, 2022 (GLOBE NEWSWIRE) -- TH International Limited, the exclusive operator of Tim Hortons coffee shops in China (Tims China), today announced the opening of three Tims Express coffee shops located within Easy Joy convenience stores in Beijing.

Key Points: 
  • SHANGHAI, China, Aug. 01, 2022 (GLOBE NEWSWIRE) -- TH International Limited, the exclusive operator of Tim Hortons coffee shops in China (Tims China), today announced the opening of three Tims Express coffee shops located within Easy Joy convenience stores in Beijing.
  • These openings are part of Tims China's collaboration with Easy Joy, China's largest convenience store chain, which was announced earlier this month.
  • The newly opened Tims China shops employ the new Tims Express format, a compact and efficient footprint that integrates easily into Easy Joy stores and exhibits Tims Chinas signature welcoming design.
  • Tims China offers freshly brewed coffee, tea and other beverages, bakery & sides, and sandwiches and is an emerging coffee champion in China.

China-Euro Stock Connect Launch to a Flying Start, Gotion High-Tech GDR is officially listed on the SIX Swiss Exchange

Retrieved on: 
Monday, August 1, 2022 - 12:20pm

On 7.28, the listing ceremony of the first batch of GDRs for the China-Switzerland Stock Connect was held simultaneously on the SIX Swiss Exchange, the Shenzhen Stock Exchange and the Shanghai Stock Exchange.

Key Points: 
  • On 7.28, the listing ceremony of the first batch of GDRs for the China-Switzerland Stock Connect was held simultaneously on the SIX Swiss Exchange, the Shenzhen Stock Exchange and the Shanghai Stock Exchange.
  • The listed companies by issuing GDRs at the SIX Swiss Exchang include Gotion High-Tech, GEM, Shanshan and Keda Manufacturing.
  • According to information from the Shenzhen Stock Exchange, with the approval of the China Securities Regulatory Commission, Gotion High-Tech has been listed at the Swiss Stock Exchange on July 28.
  • It is the project with the largest issuance scale and the smallest discount among the first batch of Swiss GDR issuance projects.

HUTCHMED Initiates a Bridging Study of Tazemetostat in Patients with Relapsed/Refractory Follicular Lymphoma in China

Retrieved on: 
Monday, August 1, 2022 - 7:00am

HONG KONG and SHANGHAI and FLORHAM PARK, N.J., Aug. 01, 2022 (GLOBE NEWSWIRE) -- HUTCHMED (China) Limited ( HUTCHMED ) (Nasdaq/AIM:HCM; HKEX:13) today announces that it has initiated a bridging study of tazemetostat in China.

Key Points: 
  • HONG KONG and SHANGHAI and FLORHAM PARK, N.J., Aug. 01, 2022 (GLOBE NEWSWIRE) -- HUTCHMED (China) Limited ( HUTCHMED ) (Nasdaq/AIM:HCM; HKEX:13) today announces that it has initiated a bridging study of tazemetostat in China.
  • The bridging study is a multicenter, open-label, Phase II study to evaluate the efficacy, safety and pharmacokinetics of tazemetostat for the treatment of patients with relapsed/refractory follicular lymphoma (R/R FL).
  • The primary objective is to evaluate the efficacy of tazemetostat for treatment of patients with R/R FL who have mutations in EZH21 (Cohort 1).
  • The most common (20%) adverse reactions in patients with follicular lymphoma are fatigue, upper respiratory tract infection, musculoskeletal pain, nausea and abdominal pain.

AXT, Inc. Announces Second Quarter 2022 Financial Results

Retrieved on: 
Thursday, July 28, 2022 - 9:05pm

FREMONT, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the second quarter, ended June 30, 2022.

Key Points: 
  • Revenue for the second quarter of 2022 was $39.5 million, compared with $39.7 million for the first quarter of 2022 and $33.7 million for the second quarter of 2021.
  • GAAP operating expenses were $10.1 million for the second quarter of 2022, compared with $9.6 million for the first quarter of 2022 and $8.3 million for the second quarter of 2021.
  • Non-GAAP operating expenses were $9.1 million for the second quarter of 2022, compared with $8.6 million for the first quarter of 2022 and $7.4 million for the second quarter of 2021.
  • GAAP operating profit for the second quarter of 2022 was $5.3 million, compared with $3.7 million for the first quarter of 2022 and $3.9 million for the second quarter of 2021.

Gotion issues GDRs & goes public on the Swiss Stock Exchange

Retrieved on: 
Thursday, July 28, 2022 - 5:03pm

HEFEI, China, July 28, 2022 /PRNewswire/ --On July 28, GotionHigh-Tech Co., Ltd. (SZE: 002074 / SSE GDRs: GOTION), the world-leading Chinese power battery manufacturer, officially listed on the Swiss Stock Exchange by issued global depositary receipts(GDR), becoming the first group of Chinese companies that came to Swiss Stock Exchange.

Key Points: 
  • HEFEI, China, July 28, 2022 /PRNewswire/ --On July 28, GotionHigh-Tech Co., Ltd. (SZE: 002074 / SSE GDRs: GOTION), the world-leading Chinese power battery manufacturer, officially listed on the Swiss Stock Exchange by issued global depositary receipts(GDR), becoming the first group of Chinese companies that came to Swiss Stock Exchange.
  • The Swiss Stock Exchange and the Shenzhen Stock Exchange and Shanghai Stock Exchange held a simultaneous ceremony of China-Swiss Stock Connect Celebration and GDRs Listing Event in the 3 city.Mr.
  • Fang Xinghai, Vice Chairman of CSRC, and Mr. Stoffel, State Secretary of the Swiss Ministry of Finance, announced the official opening of the GDR business for the connection of the Swiss and Chinese securities markets.
  • The issue of GDR is the largest GDR project in terms of size of the underlying issue on the Swiss Stock Exchange since the implementation of the China-Europe Stock Connect rules.

Gotion issues GDRs & goes public on the Swiss Stock Exchange

Retrieved on: 
Thursday, July 28, 2022 - 4:24pm

HEFEI, China, July 28, 2022 /PRNewswire/ --On July 28, GotionHigh-Tech Co., Ltd. (SZE: 002074 / SSE GDRs: GOTION), the world-leading Chinese power battery manufacturer, officially listed on the Swiss Stock Exchange by issued global depositary receipts(GDR), becoming the first group of Chinese companies that came to Swiss Stock Exchange.

Key Points: 
  • HEFEI, China, July 28, 2022 /PRNewswire/ --On July 28, GotionHigh-Tech Co., Ltd. (SZE: 002074 / SSE GDRs: GOTION), the world-leading Chinese power battery manufacturer, officially listed on the Swiss Stock Exchange by issued global depositary receipts(GDR), becoming the first group of Chinese companies that came to Swiss Stock Exchange.
  • The Swiss Stock Exchange and the Shenzhen Stock Exchange and Shanghai Stock Exchange held a simultaneous ceremony of China-Swiss Stock Connect Celebration and GDRs Listing Event in the 3 city.Mr.
  • Fang Xinghai, Vice Chairman of CSRC, and Mr. Stoffel, State Secretary of the Swiss Ministry of Finance, announced the official opening of the GDR business for the connection of the Swiss and Chinese securities markets.
  • The issue of GDR is the largest GDR project in terms of size of the underlying issue on the Swiss Stock Exchange since the implementation of the China-Europe Stock Connect rules.

Citi Appointed as Depositary Bank for the GDR Programs of GEM Co. Ltd., Gotion High-Tech Co. Ltd., Keda Industrial Group Co. Ltd., and Ningbo Shanshan Co. Ltd., First Four China-Swiss Stock Connect GDR Programs

Retrieved on: 
Thursday, July 28, 2022 - 3:00pm

These are the first four China-Swiss Stock Connect programs listed on SIX Swiss Exchange.

Key Points: 
  • These are the first four China-Swiss Stock Connect programs listed on SIX Swiss Exchange.
  • GEMs A shares are listed and traded on the Shenzhen Stock Exchange under the stock code 002340.
  • Gotions GDR program was established in connection with a US$685 million initial public offering of its GDRs, priced at US$30 per GDR.
  • We are pleased to be the depositary bank for all the Connect GDR programs listed so far, including five listed on the London Stock Exchange, he added.

JinkoSolar' s Subsidiary Jiangxi Jinko Announces Proposed Issuance of Convertible Bonds of up to RMB10 Billion

Retrieved on: 
Thursday, July 28, 2022 - 11:31am

The Convertible Bonds, which will be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, have a term of six years and are convertible into Jiangxi Jinko's ordinary shares.

Key Points: 
  • The Convertible Bonds, which will be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, have a term of six years and are convertible into Jiangxi Jinko's ordinary shares.
  • The net proceeds from the Convertible Bond Issuance will be used for (i) construction and development of certain solar cell and module production projects by Jiangxi Jinko, and (ii) working capital for Jiangxi Jinko.
  • The completion of the proposed Convertible Bond Issuance is subject to the review process by theShanghai Stock Exchangeand the registration process by theChina Securities Regulatory Commission.
  • The Company currently owns approximately 58.62% equity interest in Jiangxi Jinko and has special preemptive rights to subscribe for a portion of the Convertible Bonds.