-- GEM's (SHE:002340) attributable profit rose 55% to 1.58 billion yuan in 2025 from 1.02 billion yuan in 2024, according to a Wednesday filing with the Shenzhen bourse.
Earnings per share at the waste resource comprehensive utilization company increased to 0.31 yuan from 0.20 yuan in the previous year.
Operating income grew 12% year over year to 37.1 billion yuan from 33.2 billion yuan.
Shares increased 1% during the midday break on Wednesday.
Syrah Resources (ASX:SYR) delivered total graphite production of 23,500 tonnes for the March quarter from its Balama graphite operation in Mozambique, according to a Wednesday Australian bourse filing.There was no production at Balama due to protests impeding operations in the year-ago quarter, per a separate filing.Natural graphite sales to external customers were 20,000 tonnes for the quarter, and it completed a large volume breakbulk shipment to Indonesia during the quarter.It noted supply chain risks to Balama, particularly for imported consumables such as diesel, created by the conflict in the Middle East. It is engaged with suppliers and is focused on optimizing the use of its solar and battery system at Balama to manage its exposure to any temporary diesel supply risks.
Australian shares are poised to fall on Wednesday after the United Arab Emirates said it would quit Organization of the Petroleum Exporting Countries (OPEC), rattling global oil markets amid an escalating Iran war and raising questions over future supply stability in the energy sector.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.5%, 0.9%, and 0.1%, respectively.In the macroeconomy, Australia's consumer price index report is due at 11:30 am Sydney time.In corporate news, Woodside Energy Group (ASX:WDS) reported a decline in operating revenue to $3.26 billion in the March quarter from $3.32 billion a year earlier, while total production also fell year on year to 45.2 million barrels of oil equivalent (MMBoe) from 49.1 MMBoe.Westgold Resources (ASX:WGX) reported group gold production of 93,145 ounces of gold and sold 69,900 ounces of gold in the fiscal third quarter ended March 31.Australia's benchmark index fell 0.6% or 55.7 points to close at 8,710.70 on Tuesday.
Suncorp Group (ASX:SUN) launched an offer for Australian dollar-denominated perpetual, convertible notes to fund additional Tier 1 capital within the group, according to a Wednesday filing with the Australian bourse.The unsecured, subordinated notes will be offered to institutional and wholesale investors at a face value of AU$10,000 per note, with a potential minimum subscription amount of AU$500,000, per the filing.The notes are expected to be priced on Wednesday.