Chinese Shares Close Mixed Depsite Higher Private PMI Readings in March

MT Newswires

Chinese shares ended mixed on the first trading day of April despite a private reading showing the country's manufacturing sector expanded to a four-month high.

The Shanghai Composite Index, the main gauge of Chinese stocks, gained 0.38% or by 12.69 points to 3,348.44. The Shenzhen Component Index stayed nearly flat, losing 0.0064% or by 0.68 points to 10,503.66.

The Caixin/S&P Global headline seasonally adjusted manufacturing purchasing managers' index or PMI grew to a four-month high of 51.2 in March from 50.8 in February.

The figure marks the sixth straight month the private PMI reading rose above the neutral 50 mark, and is attributable to an increase in new orders and higher purchasing activity.

Meanwhile, China's central bank conducted 800 billion yuan of outright reverse repurchase agreements in March, composed of 500 billion yuan in three-month repos and 300 billion yuan in six-month repos.

In the geopolitical front, China, Japan and South Korea are seen to issue a joint response to tariffs imposed by US President Donald Trump, Reuters reported, citing a social media account affiliated with Chinese state media.

The comments come after the three countries met Sunday to facilitate trade among the three East Asian powers in response to the tariffs.

Both South Korea and Japan dismissed the claims, with Seoul saying the suggestion is "exaggerated," while Tokyo said such discussions did not take place.

In corporate news, Beijing also intends to overhaul its state-backed automakers to increase competitiveness in the electric and smart vehicle industry.

AVIC Shenyang Aircraft finished 5% higher after its 2024 profit jumped 135 to 3.39 billion yuan.

Shanghai Baosight Software closed 6% lower as its net profit fell 11% to 2.27 billion yuan.

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Baosight Software 2024 Profit Down 11%; Shares Fall 5%

MT Newswires

Shanghai Baosight Software posted 2024 net profit attributable to shareholders of 2.27 billion yuan, down 11% from 2.55 billion yuan the previous year.

Earnings per share fell to 0.785 yuan from 0.887 yuan, according to a filing with the Shanghai bourse.

The software company's revenue rose 5.6% year over year to 13.6 billion yuan from 12.9 billion yuan.

Baosight Software declared a dividend of 0.6 yuan per share.

Shares of the company fell 5% in recent trade.

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Baosight Software 2024 Profit Down 11%; Shares Fall 5%

MT Newswires

Shanghai Baosight Software posted 2024 net profit attributable to shareholders of 2.27 billion yuan, down 11% from 2.55 billion yuan the previous year.

Earnings per share fell to 0.785 yuan from 0.887 yuan, according to a filing with the Shanghai bourse.

The software company's revenue rose 5.6% year over year to 13.6 billion yuan from 12.9 billion yuan.

Baosight Software declared a dividend of 0.6 yuan per share.

Shares of the company fell 5% in recent trade.

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AVIC Shenyang Aircraft 2024 Profit Rises 13%; Shares Jump 5%

MT Newswires

600760

-1.42%

AVIC Shenyang Aircraft posted 2024 net profit attributable to shareholders of 3.39 billion yuan, up 13% from 3.01 billion yuan the previous year.

Earnings per share climbed to 1.23 yuan from 1.09 yuan, according to a filing with the Shanghai bourse.

The aircraft manufacturer's revenue declined 7.4% year over year to 42.8 billion yuan from 46.2 billion yuan.

AVIC Shenyang Aircraft declared a dividend of 0.26 yuan per share.

Shares of the company jumped 5% in recent trade.

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AVIC Shenyang Aircraft 2024 Profit Rises 13%; Shares Jump 5%

MT Newswires

600760

-1.42%

AVIC Shenyang Aircraft posted 2024 net profit attributable to shareholders of 3.39 billion yuan, up 13% from 3.01 billion yuan the previous year.

Earnings per share climbed to 1.23 yuan from 1.09 yuan, according to a filing with the Shanghai bourse.

The aircraft manufacturer's revenue declined 7.4% year over year to 42.8 billion yuan from 46.2 billion yuan.

AVIC Shenyang Aircraft declared a dividend of 0.26 yuan per share.

Shares of the company jumped 5% in recent trade.

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Shanghai Baosight Software: 2024 revenue up 5.6% to RMB 13.64B; net profit RMB 2.27B, dividend proposed

Quartr

2024 revenue rose 5.6% to RMB 13.64 billion, with net profit at RMB 2.27 billion, down 11.3% year-over-year. Software development and engineering services drove growth, while the company maintained strong liquidity and proposed a RMB 1.73 billion dividend.

Original document: Shanghai Baosight Software Co., Ltd. Class A [600845] Annual Report — Mar. 31 2025

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This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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Chinese AI Infrastructure Stocks Likely to Benefit From DeepSeek's Technology — Market Talk

Dow Jones Newswires

Chinese artificial intelligence infrastructure stocks may benefit from DeepSeek's recent advancement in its large language model, HSBC Global Research analysts write in a note. DeepSeek's R1 model has demonstrated strong reasoning capabilities at a significantly lower cost, making AI models more accessible for complex enterprise AI productivity tools, they say. Additionally, multiple public companies and local government entities have announced plans to adopt DeepSeek's technologies, which could benefit all-in-one server providers and IDC players, including Sangfor and Shanghai Baosight Software, HSBC says.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

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Chinese Shares Close Mixed Depsite Higher Private PMI Readings in March

Baosight Software 2024 Profit Down 11%; Shares Fall 5%

Baosight Software 2024 Profit Down 11%; Shares Fall 5%

AVIC Shenyang Aircraft 2024 Profit Rises 13%; Shares Jump 5%

AVIC Shenyang Aircraft 2024 Profit Rises 13%; Shares Jump 5%

Shanghai Baosight Software: 2024 revenue up 5.6% to RMB 13.64B; net profit RMB 2.27B, dividend proposed

Chinese AI Infrastructure Stocks Likely to Benefit From DeepSeek's Technology — Market Talk

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