FINWIRES · TerminalLIVE
FINWIRES

China Sees Mixed Trade as Manufacturing Sector Growth Slows; Century Huatong Shares Fall 9%

By

-- Chinese shares were mixed on Thursday amid slower growth in China's manufacturing sector and ahead of the Labor Day holiday.

The Shanghai Composite Index, the main gauge of Chinese stocks, ticked up 0.1% to 4,112.16. The Shenzhen Component Index declined 0.1% to 15,107.55.

China's manufacturing purchasing managers' index was down 0.1 of a percentage point month on month to 50.3% in April.

The production and new orders sub-indices remained above the critical point at 51.5% and 50.6%, respectively. The remaining sub-indices for raw material, employment and supplier delivery time were below the critical points at 49.3%, 48.8% and 49.5%, respectively.

Meanwhile, the non-manufacturing business activity index was 49.4%, down 0.7 of a percentage point from March. The composite PMI output index was 50.1%, down 0.4 of a percentage point.

In company news, Zhejiang Century Huatong Group (SHE:002602) posted first-quarter attributable net profit of 2.03 billion yuan, up 35% from 1.35 billion yuan the previous year. Shares of the game developer were down 9% Thursday.

Related Articles

International

Spanish Current Account Surplus Widens in February

Spain's current account surplus rose to 4.04 billion euros in February from 2.73 billion euros in January, according to Bank of Spain data published Thursday.In the two months to February, the current account surplus totaled 6.77 billion euros, against 6.88 billion euros in the previous year.

$^SXXP
International

Italian Quarterly GDP Up 0.2% in Q1, Flash Data Shows

Italy's quarterly gross domestic product rose 0.2% in the first quarter, after a 0.3% gain in the prior three-month period, preliminary data from statistics agency Istat showed Thursday.The consensus estimate for the quarter pointed to a 0.1% uptick.On a yearly basis, the Italian economy grew 0.7%, against the expected 0.6% rise.

$^SXXP
Asia

Tokyo Electron's Net Income Edges Climbs 5.6% in Fiscal Year 2026

Tokyo Electron's (TYO:8035) net income attributable to owners of the parent rose 5.6% to 574.5 billion yen for the fiscal year 2026 from 544.1 billion yen a year earlier.The semiconductor company's net income per share increased to 1,250.88 yen from 1,179.08 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales edged up 0.5% to 2.444 trillion yen for the full year ended March 31 from 2.432 trillion yen in the prior year.Tokyo Electron declared a final dividend of 364 yen per share, payable from June 2.For the first half of the fiscal year ending March 31, 2027, the company expects attributable net income of 328 billion yen, net income per share of 721.12 yen, and net sales of 1.570 trillion yen.Tokyo Electron plans to pay an interim dividend of 361 yen per share for the year, higher than the 264 yen per share a year ago.The year-end dividend for the current fiscal year remains undecided.

$TYO:8035