Tongwei Co. forecasts first-half loss of 4.8 billion to 5.4 billion yuan

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Tongwei Co. issued a performance forecast, estimating a first-half loss of 4.8 billion to 5.4 billion yuan. China Southern Airlines, LONGi Green Energy, Huafa Industrial, Air China, China Eastern Airlines, New Hope, Giant Star Animal Husbandry, Shuangliang Energy Conservation, Hongyuan Green Energy, Wingtech Technology, and Aisino Corporation also forecast losses ranging from hundreds of millions to several billion yuan. Sieyuan Information plans to purchase high-performance computing servers for up to 5.079 billion yuan, while Sunway Communication intends to acquire a 55 percent stake in Yiyang Electronic Technology and inject capital to strengthen its high-end MLCC product portfolio. In addition, Hongde Co. signed a procurement framework agreement with a key client, a wholly owned subsidiary of Andawell signed a cooperation memorandum with Airbus, and Cao Long, chairman of Gaoke Technology, along with others, has been placed under criminal investigation.

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