Poly Developments & Holdings Group Rises 1.8%

Dow Jones Newswires

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AVIC Chengdu Aircraft Rises 5.3%

Dow Jones Newswires

302132

-1.39%

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AVIC Chengdu Aircraft 2024 Profit Up 14%, Revenue Rises 6%

MT Newswires

302132

-1.39%

AVIC Chengdu Aircraft 3 posted 2024 net profit attributable to shareholders of 112.3 million yuan, up 14% from 98.2 million yuan the previous year.

Earnings per share rose 12% year over year to 0.19 yuan from 0.17 yuan, according to a Friday filing with the Shenzhen bourse.

The aviation parts manufacturer's revenue climbed 6.1% to 1.78 billion yuan from 1.68 billion yuan.

AVIC Chengdu Aircraft declared a 2024 dividend of 0.014 yuan per share.

Shares of the company were down 2% in recent trade.

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Chinese Shares End Higher, Supported by Pharma, Software Stocks — Market Talk

Dow Jones Newswires

Chinese shares ended higher as pharmaceutical and software stocks benefitted from the AI momentum. Shenzhen Mindray Bio-Medical Electronics rose 4.3% and WuXi AppTec gained 4.6%. Nomura analyst Jialin Zhang believes that investors are betting on the sector's AI potential, especially in areas like diagnosis, contract research and drug development, following the recent DeepSeek breakthrough. Amid the software makers, iFlytek gained 3.4% and Shanghai Baosight Software rose 8.0%. Property stocks fell broadly, with Poly Developments & Holdings Group down 0.8% and China Vanke dropping 2.0%. The benchmark Shanghai Composite Index ended 0.4% higher at 3346.72, the Shenzhen Composite Index rose 0.75% and the ChiNext Price Index advanced 1.8%. (sherry.qin@wsj.com)

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Poly Developments & Holdings Group Rises 1.8%

AVIC Chengdu Aircraft Rises 5.3%

AVIC Chengdu Aircraft 2024 Profit Up 14%, Revenue Rises 6%

Chinese Shares End Higher, Supported by Pharma, Software Stocks — Market Talk

Risk Disclosure