Reading Time: < 1 minute

Data
*SAFE: April China’s banking system recorded cny 1.5408tn in foreign exchange settlements and cny 1.5715tn in foreign exchange sales.

Co Focus
*Xinje Electric (603416 CH) plans to invest cny 49.75mio to establish an industrial investment partnership, with its capital commitment accounting for 99.5% of the fund’s total target size, the initial tranche of cny 20mio will primarily target advanced manufacturing sectors including semiconductors, robotics and AI.
*Hongxin Electron (300657 CH) announced that its majority-owned subsidiary Xiamen Suihong has signed a cny 177mio computing power technical service contract and a cny 385mio computing power hardware procurement contract.
*Wanrun New Energy (688275 CH) announced it has signed a 1.3231 million-ton lithium iron phosphate (LFP) product supply agreement with CATL (300750 CH).
*Leshan Electric Power (600644 CH) announced that the revised time-of-use electricity pricing mechanism issued by Sichuan Province, effective May 1st, 2025, will have a material impact on its operations, with the estimated reduction of approximately cny 8.5mio in 2025 power generation revenue.

Industrial Economy
*Suzhou’s industrial robot exports hit cny 300mio from January to April, surging 106.5% y/y.

May 19 Block Trade Info
*Discount
-Red Phase (300427 CH) saw 2 block trades worth 52.73mn at 5.30yuan per share,10.02pct discount from last closing.
-Gotion High-Tech (002074 CH) saw 1 block trade worth 479.41mn at 22.43yuan per share,2.98pct discount from last closing.
-China Merchants Expressway (001965 CH) saw 13 block trades worth 43.72mn at 11.90yuan per share,7.89pct discount from last closing.

Disclaimer

We, Orient Futures International (Singapore) Pte. Ltd. (“OFIS”) (UEN No. 201831776Z), hold a capital markets services licence (CMS100869) from the Monetary Authority of Singapore for dealing in capital market products such as futures/derivatives contracts, and spot foreign exchange contracts for the purposes of leveraged foreign exchange trading, and is an Exempt Financial Adviser. For more information about OFIS, please check the MAS Financial Institutions Directory by clicking here.

All content, materials, information, data, statistics, features, research, documents or reports available on our website (including this article) which are financial in nature (the “Content”) are governed by our Terms of Use. By accessing, using or downloading any Content, you are deemed to have consented and agreed to the Terms of Use.

We distribute information/research (which may be prepared by us directly or produced by our foreign affiliated companies within the Orient Group of companies) pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. The information/research herein is prepared and distributed in Singapore and is intended for our clients who are Accredited Investors, Expert Investors or Institutional Investors only. If you are not an Accredited Investor, Expert Investor or Institutional Investor, you hereby acknowledge and agree that you are not the intended audience of all Content available on our website, and you undertake to immediately cease your access to any Content available on our website.

You agree to access and accept all Content available on our website on an “as-is” and “as available” basis. You agree that OFIS shall not have any responsibility or liability arising out of or in connection with, and you agree to waive the right to bring any claims or raise any complaints against OFIS in respect of any Content available on our website. OFIS shall also not be liable for any damage, loss or liability of any kind (whether actual, anticipated, consequential, special, economic or otherwise) caused as a result (direct or indirect) of the use of, or inability to access or use, the website, including but not limited to any damage, loss or liability suffered as a result of your reliance on the Content or our website.

OFIS does not make any representations, and hereby disclaim all warranties, express or implied, statutory or otherwise to the extent permitted by law, in respect of our website and all Content therein. To the fullest extent permissible, OFIS does not warrant and hereby disclaims any warranty as to the accuracy, correctness, completeness, reliability, timeliness, non-infringement, title, merchantability or fitness for any particular purpose of the Content.

All Content available on our website are general in nature and have been prepared without any consideration of your investment objectives, financial situations or needs. You should consider the appropriateness of any Content available on our website having regard to your personal circumstances before making any investment decisions. You should take into account your investment objectives and financial situation and seek advice from an independent financial advisor under a separate engagement if necessary.

Subscribe to our weekly newsletter to get the latest market news