Category: Flash News

On April 25th, Qiming Xingchen (002439. SZ) announced that its operating revenue for the first quarter of 2025 was 641 million yuan, a year-on-year decrease of 30.54%; The net profit attributable to the parent company was 1.5971 million yuan, a year-on-year turnaround from a loss of 113 million yuan in the same period last year. During the reporting period, the network security market environment continued to present both opportunities and challenges, and downstream customer demand did not show significant improvement, which had a certain impact on the company’s operating revenue.

On April 25th, Sichuan Changhong (600839. SH) announced that its operating revenue for the first quarter of 2025 was 26.837 billion yuan, a year-on-year increase of 12.89%; The net profit attributable to shareholders of the listed company was 345 million yuan, a year-on-year increase of 96.68%. The main reason is the increase in fair value of the invested enterprise Huafeng Technology.

On April 25th, Mango Super Media (300413. SZ) announced that its operating revenue for the first quarter of 2025 was 2.90 billion yuan, a year-on-year decrease of 12.76%; The net profit attributable to shareholders of the listed company was 379 million yuan, a year-on-year decrease of 19.80%. The decline in operating income is mainly due to the contraction of the traditional TV shopping business sector; The decrease in net profit is mainly due to the company’s increased investment in top tier film and television content, ecological layout, and technological applications.

On April 25th, Russian presidential assistant Ushakov revealed that the meeting between Russian President Putin and US Middle East envoy Vitkov lasted for three hours and was constructive. He said that the meeting discussed the possibility of resuming direct negotiations between Russia and Ukraine. Ushakov also stated that the meeting not only brought the positions of Russia and the United States closer on the Ukraine issue, but also on other issues. Ushakov said that the two countries will engage in productive dialogue at various levels.

On April 25th, Suzhou Keda (603660. SH) announced that the company has decided to temporarily suspend the sale of the remaining 3720459 shares of the company’s repurchased shares in 2024. The original plan was to sell them through centralized bidding, and the sale period will be within six months after 15 trading days from the date of this sale plan announcement. Suspending the sale is to safeguard shareholder interests and enhance investor confidence. This matter complies with relevant laws and regulations and will not have a significant impact on the company’s operations, finances, and future development.

On April 25th, the Central Political Bureau meeting explicitly proposed to “timely introduce incremental reserve policies based on changes in the situation and strengthen unconventional countercyclical adjustments”. The continued use of the phrase ‘timely reserve requirement ratio and interest rate cuts’ in mentioning monetary policy indicates that reserve requirement ratio and interest rate cuts should be made’ on camera decisions’ and will not exhaust the bullets of monetary policy in one go. At the same time, the creation of new structural monetary policy tools, the establishment of new policy oriented financial instruments, and support for technological innovation have received high attention from the market. According to reporters, relevant policy measures are being formulated intensively. (CCTV News)

On April 25th, Standard Chartered Securities (China) disclosed its 2024 annual report, which is the company’s first annual report since its official launch on March 22, 2024. Standard Chartered Securities (China) achieved a revenue of 20.4966 million yuan and a net profit of -78.0873 million yuan in 2024. In 2024, the company conducted investment banking, securities proprietary trading, and securities brokerage business based on its existing license.

On April 25th, Baosteel Group (600019. SH) announced that its operating revenue for the first quarter of 2025 was 72.88 billion yuan, a year-on-year decrease of 9.8%; The net profit attributable to shareholders of the listed company was 2.434 billion yuan, a year-on-year increase of 26.4%. The company stated that the performance growth is mainly due to actively responding to the severe and complex external situation, solidly promoting the implementation of reform measures, strengthening the integration and coordination of the entire system, and focusing on key tasks such as cost reduction of molten iron, smooth operation of blast furnaces, and smart manufacturing. At the same time, the company is accelerating the implementation of its intelligent transformation strategy, strengthening domestic and international cooperation, enhancing international competitiveness, adhering to technological innovation, and achieving technological leadership.

On April 25th, the Federal Reserve announced the withdrawal of banking guidelines related to cryptocurrency and US dollar token activities on April 24th local time. The Federal Reserve also revoked a regulatory letter from 2022 that required banks to notify cryptocurrency activities in advance. Such financial institutions will no longer need to submit such notifications. Their encrypted asset activities will be monitored through normal regulatory processes. In 2022, the Federal Reserve provided recommendations on the steps that lending institutions under its supervision should take before entering the digital asset industry.

On April 25th, according to the website of the Ministry of Finance, from April 23rd to 24th, 2025, South Africa, the chair country of the G20, held the second G20 Finance Ministers and Central Bank Governors Meeting of the year in Washington, D.C. The meeting mainly discussed topics such as global macroeconomic situation and financial stability, international financial architecture, and promoting growth and development in Africa. Finance Minister Lan Fo’an attended the meeting and delivered a speech, accompanied by Vice Minister Liao Min. Lan Fo’an stated that the current global economic growth momentum is insufficient, and the tariff war and trade war further affect economic and financial stability. China firmly upholds the multilateral trading system with the World Trade Organization at its core, advocates resolving trade and tariff disputes through equal dialogue and consultation, and will also firmly safeguard its legitimate rights and interests. All parties should further improve the international economic and financial system through strengthening multilateral cooperation, actively promote the reform of multilateral development banks, effectively promote the equity review of the International Bank for Reconstruction and Development, pragmatically improve the implementation of the Common Framework for Debt Treatment Following the Debt Relief Initiative, and encourage international financial institutions and the private sector to provide more support for fragile countries to cope with debt and liquidity challenges. All parties should gather more resources for the development of Africa, strengthen the capacity building of African institutions, and inject new momentum into Africa’s economic growth through digital and green transformation. Lan Fo’an also emphasized the stable and positive trend of China’s economy, policy orientation, and important measures taken by China to support African development. During the meeting, Lan Foan held bilateral meetings or exchanges with G20 President South African Finance Minister Godongguana, European Commission Economic and Productivity Commissioner Dombrovskis, Pakistani Finance Minister Aurangzeb, German Finance Minister Kukis, South Korean Deputy Prime Minister and Minister of Planning and Finance Choi Sang mu, Indonesian Finance Minister Hideo, British Chancellor of the Exchequer Reeves, Japanese Chancellor of the Exchequer Katsuyuki Kato, and World Bank President Peng Anji, mainly exchanging views on macroeconomic situation, key issues of G20 financial channels, and bilateral cooperation. Vice Minister Liao Min accompanied the attendance.