-- Advanced Fiber Resources Zhuhai (SHE:300620) posted first-quarter attributable net profit of 44.7 million yuan, up 313% from 10.8 million yuan the previous year.
Earnings per share rose to 0.1767 yuan from 0.0430 yuan, according to a Thursday filing with the Shenzhen bourse.
Revenue rose 61% year over year to 426.5 million yuan from 265.2 million yuan.
Shares of the passive optical components manufacturer were down 10% in recent trade.
The U.S. wants China to commit to buying a wider range of farm goods beyond soybeans, Reuters reported Wednesday.U.S. Trade Representative Jamieson Greer said he hopes for a deliverable during President Donald Trump's visit to China next month, according to the report.Washington is also pushing to establish a mechanism to expand trade in non-sensitive goods, including agriculture, the news outlet reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Fujian Funeng (SHA:600483) attributable profit fell 12% to 649.4 million yuan in the first quarter from 741.9 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the power producer decreased 19% to 0.22 yuan from 0.27 yuan in the prior-year period.Operating income declined 5.2% year over year to 2.94 billion yuan from 3.10 billion yuan.
European natural gas futures were up by nearly 4% on Thursday as uncertainties continued to linger over US-Iran relations, with stalled peace talks, a fragile open-ended ceasefire, and the ongoing naval blockade against Tehran kept markets on edge.Front-month Dutch TTF contracts rose 3.96% to 45.27 euros ($52.98) per megawatt hour, while UK NBP futures gained 3.92% to 112.69 British pence ($1.51) per therm.This comes as tensions have continued to escalate in the Middle East, with Iran's decision to seize two vessels in the Strait of Hormuz on Wednesday, followed by US forces intercepting and redirecting three Iranian-flagged vessels in the Indian Ocean.Meanwhile, the second round of peace negotiations with Iran, scheduled to take place in Islamabad, Pakistan, earlier this week, was abandoned, and US President Donald Trump announced a ceasefire extension, with no concrete deadline.The Strait of Hormuz, which accounted for 20% of global LNG flows, remained closed for the eighth week running, with just five vessels transiting through it over the past 24 hours, according to the Hormuz Strait Monitor.These developments come at a time when Europe is entering gas reinjection season with significantly depleted inventories, at just 30.70% of capacity, compared with 37.32% during the corresponding period a year ago.At the same time, Norwegian output, a key supply source for Europe, stood at 12.34 billion cubic feet per day in March, down 1.6% since February and 0.8% year-over-year, while also being 0.5% below forecasts, according to data from the Norwegian Offshore Directorate, further aggravating the supply situation.