BeiGene Ltd.BeiGene reported a 627% jump in first-half net profit and raised full-year revenue guidance.
The Ministry of Commerce has decided to add the US firm Compliance Testing LLC to its countermeasures list, prohibiting organisations and individuals within China from engaging in transactions, cooperation, or other activities with it. At the same time, it announced tighter export controls on dual-use items related to drones destined for the United States, with strict case-by-case reviews and no leniency in applying licensing facilitation. Huawei Executive Director Richard Yu said at a press conference that memory prices have risen sharply, and all smartphones may have to undergo significant price hikes going forward. On the STAR Market, BeiGene reported a 627 percent year-on-year jump in first-half net profit to 3.271 billion yuan and raised its full-year revenue guidance to between 44.9 billion and 46.2 billion yuan. Jiaocheng Ultrasonic received a formal order from a leading domestic memory manufacturer for its advanced ultrasonic scanning microscope. Lingdian Electric Control plans to invest 600 million yuan to build a new energy electronic control industrial park expansion project. Kaiweit intends to acquire 100 percent equity in Jingyi Semiconductor for 1.65 billion yuan. The preliminary inquiry for Unitree Technology's STAR Market IPO will take place on August 5, with the market estimating a valuation exceeding 40 billion yuan. The online roadshow is scheduled for August 7.
BeiGene Ltd.BeiGene reported a 627% jump in first-half net profit and raised full-year revenue guidance.
SBT Ultrasonic Technology Co. Ltd. AReceived a formal order from a leading domestic memory manufacturer for its advanced ultrasonic scanning microscope.
Wuhan LinControl Automotive Electronics Co. Ltd. APlans to invest 600 million yuan to build a new energy electronic control industrial park expansion project.
Yushu TechnologyUnitree Technology's STAR Market IPO preliminary inquiry scheduled, with valuation estimated over 40 billion yuan.
Jadard Technology Inc. A
CONVERT ORD A (SHH) EQSW Exp:Huawei executive commented on memory price hikes affecting smartphones, but no direct impact on Huawei's own pricing.