Category: Flash News

On May 9th, Hengrui Pharmaceutical and CATL announced that they have officially passed the listing hearing on the Hong Kong Stock Exchange. At the same time, several A-share companies such as Serys, Zhaowei Electromechanical, and Dongpeng Beverage recently announced their plans to go public in Hong Kong. Building an international capital operation platform and strengthening global layout is the common goal of many A-share companies listed in Hong Kong. Industry insiders have stated that in recent years, A-share companies have shown increasing interest in going public under the “A+H” scheme. Against the backdrop of the Hong Kong Stock Exchange and the Hong Kong Securities and Futures Commission opening up a fast track for high market value A-share listed companies and A-share enterprises continuing to promote internationalization strategies, the “A+H” listing model continues to be favored, injecting strong momentum into the development of the Hong Kong IPO market.

① Pending China’s April trade account; ② 15:00 Swiss Consumer Confidence Index for April; ③ 16:40 Bank of England Governor Bailey delivers a speech; ④ At 17:55, Federal Reserve Governor Barr delivered a speech; ⑤ At 18:45, Federal Reserve Governor Kugler delivered a speech; ⑥ At 20:30, Fed’s Williams delivered a keynote speech and Fed’s Barkin attended a fireplace talk on Canada’s April employment figures; ⑦ At 22:00, Gulsby, the Federal Reserve, delivered a speech at the event; ⑧ At 23:30, Williams from the Federal Reserve delivered a speech; ⑨ The total number of oil wells drilled in the United States for the week ending May 9th at 01:00 the next day.

On May 9th, the State Administration for Market Regulation and the China Consumers Association jointly released live streaming sales consumption tips, reminding consumers to have a scientific understanding and consume rationally, helping them avoid consumption risks, and safeguard their own rights and interests. As an emerging consumption model, online live streaming sales have developed rapidly. While providing convenience for consumers, it has also encountered problems such as false advertising, uneven product quality, and lack of after-sales service. The State Administration for Market Regulation and the China Consumers Association remind consumers to pay attention to choosing legitimate live streaming platforms when purchasing goods through live streaming platforms. Choose a reputable, fully qualified, and highly rated legitimate platform for consumption, verify the merchant’s business license, operating qualifications, and other information to ensure their legality and compliance. Be cautious of transactions conducted through informal channels such as personal social media accounts and temporary links, and do not trust or click on shopping links from unknown sources. It is recommended to complete transactions through the built-in shopping system on the live streaming platform throughout the entire process, and not to conduct private transfer transactions outside the platform. The second is to approach live streaming marketing language rationally. Be wary of promotions such as “lowest price across the internet”, “limited edition flash sale”, “5-second download link”, verify historical prices through third-party price comparison tools, and beware of false original price traps. Do not trust absolute promises such as “100% genuine” and “special effects guarantee”, and require the anchor to present proof documents such as product testing reports and authorization certificates. Pay attention to identifying the behavior of “brushing orders and speculating on letters”, and comprehensively view multidimensional information such as product detail page parameters and user real evaluations. Thirdly, carefully select key product categories. When purchasing health food, it is necessary to go through formal channels, identify the “blue hat” logo on the product packaging, check the health food registration number/filing number, and scientifically choose based on the health functions, suitable and unsuitable populations of the health food. Beware of false and exaggerated advertising.

On May 9th, the inter provincial work conference on building a demonstration zone for cross-strait integration and development was held in Fuzhou on May 8th. Xiao Weiming, Deputy Secretary General of the National Development and Reform Commission, stated that in the first quarter of this year, Fujian Province actually utilized Taiwanese capital of 640 million US dollars, a rapid increase year-on-year and accounting for over 50% of the national total. In the face of opportunities and challenges, we must face difficulties squarely and strengthen our confidence. Continue to strengthen policy support for the construction of demonstration zones, continuously enhance industrial cooperation in fields such as electronic information and petrochemicals between Fujian and Taiwan, improve the integration of relevant industrial and supply chains across the Taiwan Strait, and deepen infrastructure connectivity between the two sides.

On May 9, at 05:10 on May 9, 2025, the Shanghai center Meteorological Observatory updated the yellow gale warning signal as the blue gale warning signal: according to the analysis of the latest meteorological data, the wind in the city has weakened, and it is expected that there will still be 7-8 gusts in the daytime today, and the yellow gale warning signal is updated as the blue gale warning signal. Please pay attention to prevent the adverse effects of gale on aerial work, transportation, facility agriculture, etc.

On May 9th, the China Association of Listed Companies released the 2024 operating performance report of Chinese listed companies on May 8th, which showed that as of May 7th, a total of 5412 listed companies on the Shanghai, Shenzhen, and North stock exchanges have released their 2024 annual reports, except for companies with delayed disclosure. 3751 listed companies in the entire market have announced or implemented cash dividend plans for the 2024 operating year, with a total dividend amount of nearly 2.4 trillion yuan, setting a new historical high. Data shows that in 2024, all listed companies in the market achieved a revenue of 71.98 trillion yuan, with a year-on-year increase of 1.46% and a month on month increase of 8.11% in the fourth quarter. The marginal performance of listed companies has improved, with nearly 60% of companies achieving positive revenue growth. In addition, the first quarter report data of listed companies in 2025 shows that the consumer market continues to heat up and the development momentum is gradually released. The net profit of all listed companies in the market reached 1.49 trillion yuan, a year-on-year increase of 3.55% and a month on month increase of 89.71%. 4084 companies achieved profitability in the first quarter, further consolidating the upward trend. (China Securities Journal)

On May 9th, Microchip Technology’s adjusted EPS for the fourth quarter was $0.11, with analysts expecting $0.1; Net sales for the fourth quarter were $970.5 million, with analysts expecting $962.7 million; It is expected that net sales for the first quarter will be between 1.02 billion and 1.07 billion US dollars, with analysts expecting 983.5 million US dollars.

On May 9th, DraftKings Inc. (DKNG) reported a first quarter revenue of $1.41 billion, with analysts expecting $1.46 billion; Expected annual revenue of 6.2-6.4 billion US dollars, the company originally expected 6.3-6.6 billion US dollars.

On May 9th, Coinbase’s total revenue for the first quarter was $2.03 billion, with analysts expecting $2.11 billion; Adjusted EBITDA for the first quarter was $929.9 million, with analysts expecting $971.1 million; The transaction revenue for the first quarter was 1.3 billion US dollars, with analysts expecting 1.33 billion US dollars; Subscription and service revenue for the first quarter was 698 million US dollars, with analysts expecting 702.5 million US dollars; Expected subscription and service revenue for the second quarter is between $600 million and $680 million.

On May 9th, Pinterest’s first quarter revenue was $855 million, with analysts expecting $846.3 million; The monthly active users in the first quarter were 570 million, with analysts expecting 163.9 million; The unit user revenue (ARPU) for the first quarter was $1.52, with analysts expecting $1.5. The company expects a revenue of $960 million to $980 million in the second quarter, with analysts expecting $963.7 million; The company expects its revenue to increase by 12% -15% in the second quarter.