Shanghai Stock Exchange

PetroChina Company Limited Intends to Deregister and Terminate Its Reporting Obligations Under the U.S. Securities Exchange Act of 1934

Retrieved on: 
Tuesday, February 6, 2024
PetroChina, ADS, Stock exchange, Exchange, Shanghai Stock Exchange, Form

Its Reporting Obligations Under the U.S. Securities Exchange Act of 1934

Key Points: 
  • Its Reporting Obligations Under the U.S. Securities Exchange Act of 1934
    Beijing, Feb 5, 2024 – PetroChina Company Limited (“PetroChina” or the “Company”) (HKEX:00857)(SSE:601857) announced today that the Company intends to deregister with the United States Securities and Exchange Commission (the “SEC”) and terminate its reporting obligations under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).
  • Thereafter, all of the Company’s reporting obligations under the Exchange Act will be suspended unless the Form 15F is withdrawn or denied.
  • Deregistration and termination of the Company’s reporting obligations under the Exchange Act are expected to become effective 90 days after its filing of Form 15F.
  • Private Securities Litigation Reform Act of 1995 and Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934.

Daqo New Energy's Subsidiary Xinjiang Daqo Provides Preliminary Estimate of Net Profit for FY2023

Retrieved on: 
Tuesday, January 30, 2024
GAAP, Shanghai Stock Exchange, Daqo New Energy, RMB, Bank

Xinjiang Daqo estimates that under PRC GAAP, its net profit attributable to Xinjiang Daqo's shareholders in FY2023 would be in the range of RMB5.7~5.8 billion, representing a 69.7%~70.2% year-over-year decrease compared to net profit attributable to Xinjiang Daqo's shareholders of RMB19.12 billion in FY2022.

Key Points: 
  • Xinjiang Daqo estimates that under PRC GAAP, its net profit attributable to Xinjiang Daqo's shareholders in FY2023 would be in the range of RMB5.7~5.8 billion, representing a 69.7%~70.2% year-over-year decrease compared to net profit attributable to Xinjiang Daqo's shareholders of RMB19.12 billion in FY2022.
  • Daqo New Energy currently beneficially owns approximately 72.4% of Xinjiang Daqo's equity interest, and the majority of the Company's revenue and net income are contributed by Xinjiang Daqo.
  • The estimated net profit should not be viewed as a substitute for full financial statements of Xinjiang Daqo prepared in accordance with PRC GAAP.
  • In addition, the estimated net profit is not necessarily indicative of the results to be achieved by Xinjiang Daqo in any future period.

ACM Research’s Operating Subsidiary ACM Research (Shanghai) Announces Proposed Private Offering of Ordinary Shares

Retrieved on: 
Thursday, January 25, 2024
Private, ACM, Research, RMB, Public expenditure, Shanghai Stock Exchange, Security (finance)

FREMONT, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced that its operating subsidiary, ACM Research (Shanghai), Inc. (“ACM Shanghai”), intends to offer ordinary shares, subject to market conditions and other factors, in a private offering to qualified buyers, in compliance with the requirements of the China Securities Regulatory Commission (the “Private Offering”).

Key Points: 
  • FREMONT, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced that its operating subsidiary, ACM Research (Shanghai), Inc. (“ACM Shanghai”), intends to offer ordinary shares, subject to market conditions and other factors, in a private offering to qualified buyers, in compliance with the requirements of the China Securities Regulatory Commission (the “Private Offering”).
  • The gross proceeds of the proposed Private Offering of up to RMB 4.5B ($625 million) are intended to be used for research and development, capital expenditures and working capital.
  • The proposed Private Offering is for up to 43.6 million ordinary shares, or up to 10% of ACM Shanghai’s share capital prior to the Private Offering.
  • ACM estimates its equity interest in ACM Shanghai would decline to approximately 74.6% from its current equity interest of 82.1% if the full number of shares are sold in the proposed Private Offering.

Navitas Semiconductor Names Janet Chou Chief Financial Officer

Retrieved on: 
Wednesday, January 10, 2024
Senior, Moses Austin, Navitas, Digital Equipment Corporation, CFO, University, Form, NXP Semiconductors, Portable, Santa Clara University, MBA, Silicon carbide, ICS, Shanghai Stock Exchange, Annual report, Gallium nitride, Financial management, Management

TORRANCE, Calif., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the only pure-play, next-generation power semiconductor company and industry leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, announced the appointment of Janet Chou as Executive Vice President, Chief Financial Officer and Treasurer, effective upon the filing of Navitas’ 2023 annual report on Form 10‑K expected at the end of February.

Key Points: 
  • TORRANCE, Calif., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the only pure-play, next-generation power semiconductor company and industry leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, announced the appointment of Janet Chou as Executive Vice President, Chief Financial Officer and Treasurer, effective upon the filing of Navitas’ 2023 annual report on Form 10‑K expected at the end of February.
  • Following the Form 10-K filing, Shelton will provide advice and assistance to Sheridan and transition assistance and support to Chou.
  • “While I wish Ron all the best in his next career move, I am also very excited to welcome Janet Chou as our new CFO.
  • She was previously CFO of JCET Group Co., Ltd., a $5 billion global semiconductor company listed on the Shanghai Stock Exchange.

SolaX Power, a Pioneering Force in Solar and Storage Solutions, Successfully Executes its Initial Public Offering (IPO)

Retrieved on: 
Wednesday, January 3, 2024
Workforce, Power, Shanghai Stock Exchange, PV, Red Dot, Research, Solar energy, EUPD, Electric vehicle, IPO, EV, Renewable energy

Founded in 2012, SolaX Power is dedicated to actualizing a clean and sustainable future through solar energy.

Key Points: 
  • Founded in 2012, SolaX Power is dedicated to actualizing a clean and sustainable future through solar energy.
  • As a leading global provider of solar and storage solutions and one of Asia's pioneering hybrid inverter manufacturers, SolaX Power has matured into a multinational corporation, boasting a workforce exceeding 2,000 employees worldwide.
  • Significantly, SolaX Power stands as the inaugural Chinese manufacturer to achieve the Japanese S-Mark certificate for its residential energy storage system.
  • SolaX Power's expansive product portfolio encompasses Photovoltaic (PV) inverters, energy storage solutions, Electric Vehicle (EV) chargers, and advanced smart energy management systems.

SolaX Power, a Pioneering Force in Solar and Storage Solutions, Successfully Executes its Initial Public Offering (IPO)

Retrieved on: 
Wednesday, January 3, 2024
Workforce, Power, Shanghai Stock Exchange, PV, Red Dot, Multimedia, Research, Solar energy, EUPD, Electric vehicle, IPO, EV, Renewable energy

Founded in 2012, SolaX Power is dedicated to actualizing a clean and sustainable future through solar energy.

Key Points: 
  • Founded in 2012, SolaX Power is dedicated to actualizing a clean and sustainable future through solar energy.
  • As a leading global provider of solar and storage solutions and one of Asia's pioneering hybrid inverter manufacturers, SolaX Power has matured into a multinational corporation, boasting a workforce exceeding 2,000 employees worldwide.
  • Significantly, SolaX Power stands as the inaugural Chinese manufacturer to achieve the Japanese S-Mark certificate for its residential energy storage system.
  • SolaX Power's expansive product portfolio encompasses Photovoltaic (PV) inverters, energy storage solutions, Electric Vehicle (EV) chargers, and advanced smart energy management systems.

NaaS Technology Included in Multiple Renowned Indexes

Retrieved on: 
Friday, December 29, 2023
Shanghai Stock Exchange, Shenzhen Stock Exchange, Fintech, CSI, WIND, Network as a service, BYD, Index, ABB, Schneider Electric, EV, Cryptocurrency

BEIJING, Dec. 29, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it has recently been listed in several indexes, including the BITA iClima Distributed Decentralized and Digital Renewable Energy Index, CSI China Mainland Enterprises Global Composite Index, CSI China Mainland Enterprises Global Industrials Composite Index, CSI Overseas China Five-Year Plan Index, CSI Overseas China Urbanization Index and Wind China Capital 100 Index.

Key Points: 
  • BEIJING, Dec. 29, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it has recently been listed in several indexes, including the BITA iClima Distributed Decentralized and Digital Renewable Energy Index, CSI China Mainland Enterprises Global Composite Index, CSI China Mainland Enterprises Global Industrials Composite Index, CSI Overseas China Five-Year Plan Index, CSI Overseas China Urbanization Index and Wind China Capital 100 Index.
  • China Securities Index (CSI) is an index provider jointly funded by the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
  • CSI Overseas China Five-Year Plan Index and CSI Overseas China Urbanization Index include companies that benefit from China's Five-year Plan and urbanization trends.
  • Previously, NaaS was also included in Solactive Electric Vehicle Charging Infrastructure Index and WilderHill Clean Energy Index, stating a global recognition of its fast-growing brand influence and industrial value.

Dada Announces Certain Management Changes

Retrieved on: 
Tuesday, December 19, 2023
Nexus, HKD, Shanghai Stock Exchange, University of Warwick, Language, Art, JD.com, PwC, Goldman Sachs, Political science, HKEX, JD, RMB, Analysis, University, L.L.C, Finance, Committee, CFA, Cryptocurrency

Prior to his current role, he served as Chief Financial Officer of JD Logistics, Inc. Mr. Shan joined JD.com in December 2021.

Key Points: 
  • Prior to his current role, he served as Chief Financial Officer of JD Logistics, Inc. Mr. Shan joined JD.com in December 2021.
  • Mr. Mao received his bachelor’s degree from Beijing Language and Culture University and is a certified public accountant in China.
  • I wish them all the best,” said Mr. Jeff Huijian He, President of Dada.
  • “I’m thrilled to welcome Mr. Shan as Chairman and Mr. Mao as our CFO.”

China Medical System: 4 Products Have Been Newly Included or Continued to be Included in the NRDL

Retrieved on: 
Wednesday, December 13, 2023
Marketing, Shanghai Stock Exchange, Quality of life, Epilepsy, A&B, Peptide, Absorption, National Healthcare, Methotrexate, National Healthcare Security Administration, Insurance, Safety, Tetrabenazine, Heart failure, CMS, Protein, Light, Recombinant, Acute decompensated heart failure, Sun Pharma, Nasal mucosa, PASI, Tablet, Patient, Psoriasis, Chemokine, Diazepam, Huntington's disease, Sale, Social Security, Tildrakizumab, Social, Vitamin E

China Medical System actively responds to national policies to promote innovative products to be included in the NRDL.

Key Points: 
  • China Medical System actively responds to national policies to promote innovative products to be included in the NRDL.
  • In addition, innovative drug Methotrexate Injection (Metoject) indicated for psoriasis approved in March 2023 has been included in category A of the National Reimbursement Drug List.
  • It is the first nasal spray formulation of diazepam in China and the first drug approved in China for the treatment of seizure clusters.
  • CMS actively responds to national policies to promote innovative products to be included in the National Reimbursement Drug List.

ZK International Group Ltd. Strengthens Competitive Position In Western China Gas Market ($ZKIN)

Retrieved on: 
Tuesday, December 26, 2023
Shanghai Stock Exchange, Agriculture, Q4, Telephone numbers in Hungary, Environment, City, News, Ageing, Coal, Groundwater, SPA, Water, World Bank, Multimedia, Disclaimer, Stainless steel, Drinking water, Reproduction, Nickel, Towngas China, Water supply, River, Ministry, Engineering, Disclosure, Natural gas, Bird's nest, Research, GDP, Growth, Good, Urbanization, Foot, Renewable energy

That deal does more than create a new revenue stream; it strengthens ZKIN's position as a key supplier and contractor in the Western China gas market.

Key Points: 
  • That deal does more than create a new revenue stream; it strengthens ZKIN's position as a key supplier and contractor in the Western China gas market.
  • Having a foot in Chongqing Gas Group's door could be a value driver of its own, noting it's a flagship division of China Resources Gas Group Limited.
  • Current ZKIN projects include working with the China Railway First Bureau Group, Zhuhai Water Environment Holding Group, and Changsha Water Group to strengthen and enhance their services infrastructures.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/zk-international-group-ltd-stre...
    SOURCE ZK International Group Co, Ltd.