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On January 16th, Shichuang Energy announced that it expects to achieve a net profit attributable to owners of the parent company of -358 million yuan to -298 million yuan in 2025, a reduction in losses of 291 million yuan to 351 million yuan compared to the same period last year, representing a year-on-year reduction in losses of 44.83% to 54.08%. It also expects to achieve a net profit attributable to owners of the parent company of -388 million yuan to -328 million yuan in 2025, a reduction in losses of 274 million yuan to 334 million yuan compared to the same period last year, representing a year-on-year reduction in losses of 41.40% to 50.46%. While new photovoltaic installations are expected to continue to grow in 2025, the imbalance between supply and demand in the industry remains prominent. During this period of deep industry adjustment, the company has consistently adhered to interdisciplinary integrated R&D and driven development through independent innovation. During the reporting period, sales of photovoltaic cells and equipment increased, leading to increased sales revenue. In addition, based on the principle of prudence, an asset impairment provision was made for the equipment related to 2GWPERC silicon wafers and cells in the same period last year, which had a certain adverse impact on the net profit in the same period last year.On January 16, Rongsheng Development issued a performance forecast, expecting the companys net profit attributable to shareholders of the listed company to be negative in 2025. The companys operating performance in 2025 will show a loss, but the amount of loss is not expected to exceed the unaudited net assets at the end of the previous year. The companys net assets at the end of 2025 are expected to be positive.On January 16, the China Securities Regulatory Commission (CSRC) held its 2026 system-wide work conference. The conference emphasized upholding the principle of strengthening the capital markets domestic market presence and promoting deeper and higher levels of two-way opening up. It stressed expediting the implementation of optimized schemes for qualified foreign investors, expanding the scope of openness for specific futures products, and improving the convenience of cross-border investment and financing. The conference also called for improving regulations and systems for overseas listings, enhancing the standardization and transparency of filing management, strengthening regulatory and risk prevention capabilities in an open environment, and actively participating in international financial governance.On January 16, the China Securities Regulatory Commission (CSRC) held its 2026 system-wide work conference. The conference emphasized the need to continuously improve the standardized operation of listed companies, accelerate the promulgation of regulations governing listed companies, fully implement the newly revised corporate governance guidelines, strengthen constraints on the behavior of controlling shareholders and actual controllers, and improve institutional arrangements such as dividend repurchases, equity incentives, and employee stock ownership. It also stressed the importance of stimulating the vitality of the mergers and acquisitions market, improving the supervision of the entire restructuring chain, and taking multiple measures to promote the high-quality development of listed companies.Japanese Finance Minister Satsuki Katayama: We have not yet received any inquiries from the Bank of Japan regarding the joint statement from other central banks supporting Powell.

Three Arrows Capital Creditors Repossess Company’s NFT Wallet

Skylar Shaw

Oct 10, 2022 11:58

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Following the announcement that Visa and FTX are working together to provide debit cards linked to cryptocurrency accounts in a number of nations, the price of Visa (NYSE:V) is rising.

 

To offer owners rapid access to their cryptocurrency assets, these debit cards link back to their FTX accounts. The cards may be used at more than 80 million businesses worldwide, including those in an extra 40 nations, with Visa's assistance.

 

It's important to note that FTX customers in the United States may already use these debit cards. Numerous Latin American nations will now have access to the crypto debit cards as a result of this new development. Additionally, there are plans to reach other areas in the next year and throughout Europe by the end of 2022.

Users won't be charged for processing

In a statement, Sam Bankman-Fried, CEO of FTX, gave cryptocurrency traders the following good news:

 

We're thrilled to join with one of the biggest payment networks in the world to provide our consumers the option of using their cryptocurrency to finance purchases at millions of merchants all around the world. With this card, customers may access their FTX cryptocurrency balances whenever they want, wherever in the world, without paying any processing or administrative costs.

 

The acquisition announced today doesn't seem to have really satisfied V investors, as the company's shares are down 1% as of Friday morning. Additionally, trading volume is below average.

 

Investors looking for more current stock market news should stay put!