World News Wire

Anthropic Files for IPO, Plans Nasdaq Listing Under Ticker ANT

Anthropic PBC, developer of the Claude models, has filed for an IPO with the U.S. Securities and Exchange Commission and plans to trade on the Nasdaq Global Select Market under the ticker "ANT," with Goldman Sachs and Morgan Stanley leading. Bloomberg reported that formal marketing could begin as early as the week of Nov. 9, and people familiar said the offering is expected to match or exceed SpaceX's record IPO size. Anthropic confidentially filed in June.

Enlight Media's First Three Quarters Revenue at 658 Million Yuan, Net Profit Down 97.85%

Enlight Media announced third-quarter 2026 revenue of 334 million yuan, down 10.7% year on year, and net profit attributable to shareholders of 17.11 million yuan, down 83.9%. For the first three quarters, revenue was 658 million yuan, down 81.79%, and net profit attributable to shareholders was 50.12 million yuan, down 97.85%.

Meta launches $22.5 billion Class A common stock offering and 250 million depositary shares of preferred stock

Meta Platforms launched a $22.5 billion Class A common stock offering and an offering of 250 million depositary shares of preferred stock. Market reports say Nvidia, AMD and Broadcom are interested in buying up to $5 billion of Meta stock.

Gree Electric's Q3 net profit attributable to shareholders falls 43.31% to 3.996 billion yuan

Gree Electric reported on Oct 26 that its third-quarter revenue was 36.678 billion yuan, down 7.97% year on year, while net profit attributable to shareholders was 3.996 billion yuan, down 43.31%. Basic earnings per share were 0.72 yuan. For the first three quarters, revenue was 126.075 billion yuan, down 8.1%, and net profit attributable to shareholders was 17.274 billion yuan, down 19.51%. Basic earnings per share were 3.09 yuan.

Gree Electric proposes interim dividend of 1 yuan per share, totaling 5.553 billion yuan

Gree Electric has proposed an interim profit distribution plan for 2026: a cash dividend of 10 yuan (pre-tax) per 10 shares, based on 5.553 billion shares entitled to the distribution, for a total payout of 5.553 billion yuan. The plan includes no bonus shares and no capital reserve conversion. It still requires shareholder approval.

Guojin Securities: Anhui Ubetter's Net Profit Up 64.8% in First Three Quarters on All-Tab Battery Ramp-Up

Guojin Securities analyst Yao Yao published a review of Anhui Ubetter's third-quarter report on Oct 26. The company's revenue for the first three quarters of 2026 was 7.538 billion yuan, up 29.6% year on year, and net profit attributable to shareholders was 846 million yuan, up 64.8%. The report said the ramp-up of all-tab batteries drove growth in its lithium battery business, while BBU and robotics applications offer potential incremental demand. Some third-quarter orders were delayed due to cell resting and delivery cycles, and the pace of subsequent direct-supply orders depends on the progress of end cloud vendors' cabinet projects. Guojin Securities forecasts attributable net profit of 1.25 billion, 1.76 billion and 2.29 billion yuan for 2026-2028, maintaining a buy rating.

Huaqiangbei memory spot prices stay high as merchants report 20%-30% sales drop since October

Memory spot prices at Huaqiangbei remain near recent highs, CCTV Finance reported. 16G DDR5 memory modules are generally quoted at 1,400-1,600 yuan, 32G at over 2,000-3,000 yuan, and 1TB solid-state drives at 800-1,000-plus yuan, only slightly below earlier peaks. Several merchants said sales have fallen 20%-30% since October. Industry sources said the modest price decline is mainly because some channel distributors face funding pressure and need to sell to raise cash, but high purchase costs keep them from cutting prices much, leaving quotes firm, transactions quiet and some local price inversions, with channel inventory and funding pressure building.

Shannon Semiconductor reports 106.43 billion yuan revenue for first three quarters, net profit up 1,386%

Shannon Semiconductor said revenue for the first three quarters of 2026 reached 106.426 billion yuan, up 303.14% year on year. Net profit attributable to shareholders was 5.34 billion yuan, up 1,386.13%, while non-recurring net profit was 5.293 billion yuan, up 1,385.34%. In the third quarter alone, revenue was 46.221 billion yuan, up 398.27%, and net profit attributable to shareholders was 1.699 billion yuan, up 743.02%.

Fox Business: Anthropic to release S-1 registration statement at 9 a.m. ET

Anthropic will release its S-1 registration statement at 9 a.m. ET, according to Fox Business. An S-1 is the initial registration document a company must file with the U.S. Securities and Exchange Commission for an initial public offering.

Lula wins Brazil presidency as Flavio Bolsonaro refuses to recognize result

Goke Microelectronics Q3 Revenue Hits RMB 998 Million, Net Profit Up 1,903.77%

Goke Microelectronics reported third-quarter 2026 revenue of RMB 998 million, up 131.81% year on year, with net profit attributable to shareholders of RMB 229 million, up 1,903.77%. Basic earnings per share were RMB 1.0566. For the first three quarters, revenue was RMB 2.376 billion, up 102.71%, and net profit attributable to shareholders was RMB 425 million, up 5,640.94%. Basic earnings per share were RMB 1.9582.

Emdoor Information Posts 4.78 Billion Yuan Revenue for First Three Quarters, Net Profit Up 2,784.15%

Emdoor Information announced revenue of 4.782 billion yuan for the first three quarters of 2026, up 67.77% year on year. Net profit attributable to shareholders was 201 million yuan, up 2,784.15%, and net profit after non-recurring items was 139 million yuan, up 2,302.13%. In the third quarter alone, revenue was 2.036 billion yuan, up 53.02% year on year; net profit attributable to shareholders was 5.6553 million yuan, up 227.62%; and net profit after non-recurring items was 35.5395 million yuan, up 665.32%.

Meta launches $35 billion stock offering to fund AI expansion

Meta has launched a $35 billion stock offering, with proceeds intended to fund the expansion of its artificial intelligence business.

Market talk: Nvidia, AMD and Broadcom interested in buying up to $5 billion of Meta stock

Market talk indicates that Nvidia, AMD and Broadcom are interested in buying up to $5 billion of Meta Platforms stock. The report did not specify how the purchase would be split among the three companies, nor did it give a timeline or say whether any agreement has been reached.

Meta shares fall 1.4% premarket after $35 billion new stock plan

Meta (META.O) shares fell 1.4% in premarket trading after the company introduced a $35 billion new stock plan.

Jinlongyu's First Three Quarters of 2026 Revenue at 3.776 Billion Yuan, Net Profit Attributable to Shareholders Down 50.72% Year on Year

Jinlongyu announced that its revenue for the first three quarters of 2026 was 3.776 billion yuan, up 1.15% year on year; net profit attributable to shareholders was 51.7384 million yuan, down 50.72% year on year; net profit after deducting non-recurring gains and losses was 59.2036 million yuan, down 40.56% year on year. In the third quarter alone, revenue was 1.529 billion yuan, down 3.06% year on year; net profit attributable to shareholders was 13.3499 million yuan, down 65.13% year on year; net profit after deducting non-recurring gains and losses was 23.7711 million yuan, down 36.13% year on year.

Refond Optoelectronics' First Three Quarters Net Profit Attributable to Shareholders Reaches 99.84 Million Yuan, Up 94.97% Year on Year

Refond Optoelectronics announced that in the first three quarters of 2026, revenue was 1.647 billion yuan, up 24.65% year on year; net profit attributable to shareholders was 99.8449 million yuan, up 94.97%; and net profit excluding non-recurring items was 88.2023 million yuan, up 148.45%. In the third quarter alone, revenue was 574 million yuan, up 19.71% year on year; net profit attributable to shareholders was 46.1182 million yuan, up 127.11%; and net profit excluding non-recurring items was 43.5181 million yuan, up 129.50%.

Tellgen Life's Net Profit Attributable to Shareholders Reaches 21.02 Million Yuan in First Three Quarters, Up 263.97%

Tellgen Life announced revenue of 288 million yuan for the first three quarters of 2026, up 11.65% year on year; net profit attributable to shareholders was 21.02 million yuan, up 263.97%; net profit after deducting non-recurring items was 11.61 million yuan, up 745.69%. In the third quarter alone, revenue was 100 million yuan, up 1.75% year on year; net profit attributable to shareholders was 9.54 million yuan, up 216.43%; net profit after deducting non-recurring items was 5.66 million yuan, up 74.86%.

Rongsheng Development Posts 9.17 Billion Yuan Revenue and 1.60 Billion Yuan Net Loss for First Three Quarters of 2026

Rongsheng Development announced revenue of 9.169 billion yuan for the first three quarters of 2026, down 55.03% year on year. Net profit attributable to shareholders was a loss of 1.603 billion yuan, and net profit after non-recurring items was a loss of 2.761 billion yuan. In the third quarter alone, revenue was 2.997 billion yuan, down 51.72% year on year, with a net loss attributable to shareholders of 577 million yuan and a loss of 898 million yuan after non-recurring items.

Meta reportedly plans $22.5 billion Class A share offering, may sell up to $60 billion of Class C stock

Meta plans to issue $22.5 billion of Class A common stock and may sell up to $60 billion of Class C shares, according to a tradealpha report.

Meta launches $22.5 billion Class A common stock offering and 250 million preferred depositary shares offering

Meta Platforms (META.O) launched a $22.5 billion Class A common stock offering and a 250 million preferred depositary shares offering.

Betteni's First Three Quarters Revenue 3.637 Billion Yuan; Q3 Adjusted Net Profit Turns Negative

Betteni announced revenue of 3.637 billion yuan for the first three quarters of 2026, up 4.99% year on year; net profit attributable to shareholders was 310 million yuan, up 13.95%; adjusted net profit was 223 million yuan, up 21.38%. In the third quarter alone, revenue was 1.046 billion yuan, down 4.28% year on year; net profit attributable to shareholders was 18.0176 million yuan, down 28.55%; adjusted net profit was -23.1947 million yuan, down 2,119.08%.

Tianli Lithium Energy Turns Profitable in First Three Quarters of 2026, but Q3 Still in the Red

Tianli Lithium Energy announced that its revenue for the first three quarters of 2026 was 1.699 billion yuan, up 10.67% year on year. Net profit attributable to shareholders was 15.297 million yuan, compared with a loss of 87.2102 million yuan a year earlier, marking a turnaround to profit. Net profit after deducting non-recurring items was 9.3138 million yuan, compared with a loss of 87.8662 million yuan a year earlier, also a turnaround. In the third quarter alone, revenue was 483 million yuan, down 15.01% year on year; net profit attributable to shareholders was a loss of 1.0015 million yuan, narrowing by 96.42% year on year; net profit after deducting non-recurring items was a loss of 8.4836 million yuan, narrowing by 65.68% year on year.

Changxin Bochuang's Q3 Revenue Rises 127.51% to 1.351 Billion Yuan

Changxin Bochuang announced third-quarter 2026 revenue of 1.351 billion yuan, up 127.51% year on year; net profit attributable to shareholders was 272 million yuan, up 232.27%; net profit excluding non-recurring items was 269 million yuan, up 245.59%. For the first three quarters, revenue totaled 3.039 billion yuan, up 69.45%; attributable net profit was 593 million yuan, up 137.25%; and net profit excluding non-recurring items was 584 million yuan, up 143.60%.

Dongxin Co. reports 3.292 billion yuan revenue for first three quarters of 2026, up 475% year on year, and swings to profit

Dongxin Co. announced revenue of 3.292 billion yuan for the first three quarters of 2026, up 475.03% year on year. Net profit attributable to shareholders was 1.489 billion yuan and non-recurring net profit was 1.452 billion yuan, both turning profitable from a year earlier. In the third quarter alone, revenue was 1.795 billion yuan, up 682.12% year on year; net profit attributable to shareholders was 830 million yuan and non-recurring net profit was 815 million yuan, both turning profitable from a year earlier.

GCL Integration Posts 7.27 Billion Yuan Revenue, 621 Million Yuan Net Loss in First Three Quarters

GCL Integration announced third-quarter 2026 revenue of 2.63 billion yuan, down 34.23% year on year, with a net loss of 191 million yuan and a non-recurring net loss of 200 million yuan. For the first three quarters, revenue was 7.27 billion yuan, down 37.83% year on year, with a net loss of 621 million yuan and a non-recurring net loss of 614 million yuan.

Yanjin Shop Q3 Revenue 1.461 Billion Yuan, Net Profit Down 33.77%

Yanjin Shop reported third-quarter 2026 revenue of 1.461 billion yuan, down 1.70% year on year. Net profit attributable to shareholders was 154 million yuan, down 33.77%, and non-recurring net profit was 133 million yuan, down 39.28%. For the first three quarters, revenue was 4.531 billion yuan, up 2.36%; net profit attributable to shareholders was 579 million yuan, down 4.26%; non-recurring net profit was 523 million yuan, down 5.47%.

Polysilicon futures fall 1.86% to 35,600 yuan/t; Jinrui Futures says cost support remains effective

A Jinrui Futures research note dated Oct 26 said the polysilicon main contract PS2612 closed at 35,600 yuan per tonne, down 1.86%, with open interest up 3,292 lots after opening higher and closing lower. The note said production cuts are gradually taking effect and October output is falling, but factory inventories remain high while downstream buyers press for lower prices and trading is thin, leaving prices mainly pressured by inventories and weak demand. Guangzhou Futures Exchange polysilicon warehouse receipts stood at 21,450 lots, down 70 from the previous day. The note put industry cash costs at 30,000-34,000 yuan per tonne, said cost support remains effective and downside is limited, and suggested considering buying on dips if prices fall into that cash-cost range.

China Merchants Securities: New-home sales area down 13.2% year on year in Jan-Sep, September drop widens to 20.7%

A China Merchants Securities research report on real estate says nationwide new-home sales area fell 13.2% year on year in January-September 2026, with the September monthly decline widening to 20.7%. Real estate development investment, new construction starts, completed projects and funding inflows also continued to fall year on year. Month-on-month declines in new- and second-hand home prices across 70 cities narrowed slightly. The report says detailed rules on pre-sold-home sales in some cities have eased pessimistic expectations, but upside for the sector is limited and significant additions to positions should wait for more definitive policy; it maintains an industry recommendation and highlights China Resources Land, China Overseas Land & Investment, CIFI Holdings, Binjiang Group and KE Holdings.

Zhongtai Securities: SOFC Could Become On-Site Main Power for North American AI Data Centers, Market Seen at $17.8 Billion by 2030

A Zhongtai Securities automotive industry report argues that solid oxide fuel cells (SOFC), with high efficiency, low emissions and rapid deployment, could become the on-site main power source for AI data centers in North America. It says power shortages at North American AI data centers, slow grid expansion and long gas turbine delivery lead times open room for SOFC growth. Under a neutral scenario, the report estimates SOFC shipments of 8.5 GW and a market of $17.8 billion by 2030. It reviews Bloom Energy and Chinese supply-chain names including Weichai Power, Sanhuan Group, Chunhui Intelligent Control, Zhenhua Chemical, Vision Group and Yishitong, and flags risks from AI capital spending, cost reduction, policy and raw materials.

Guojin Securities initiates Songfa with buy, sets 233.85 yuan target after H1 profit jumps 457.7%

Guojin Securities initiated coverage of Songfa Co. with a buy rating. The research note said Songfa shifted its main business to shipbuilding and high-end equipment after a 2025 restructuring that injected Hengli Heavy Industry. In the first half of 2026, revenue was 23.5 billion yuan and net profit attributable to shareholders was 3.61 billion yuan, up 251.9% and 457.7% year on year, respectively. Guojin said shipbuilding is supported by replacement demand and supply constraints, with VLCCs showing strong prices and volumes, and that Songfa, as a leading private shipbuilder, saw strong order and delivery growth. It forecast attributable net profit of 9.03 billion, 15.89 billion and 21.98 billion yuan for 2026-2028, with a target price of 233.85 yuan.

Changjiang Securities initiates Quanfeng Holdings at Buy, citing 39.3% first-half gross margin at historic high

Changjiang Securities said in a research note that Quanfeng Holdings reported first-half 2026 revenue of $1.029 billion and net profit attributable to shareholders of $106 million, with gross margin of 39.3% and net margin of 10.3%, both at historic highs. It attributed this mainly to a higher OBM/EGO share, efficiency gains and tariff refunds. The brokerage said cordless power tools and lithium-battery OPE open up room for growth, and that the company builds barriers through its EGO 56V battery ecosystem and channel depth. It noted Quanfeng appointed a new CEO in September 2026 and brought in talent with TTI/Milwaukee backgrounds, which may strengthen professional channels and brand operations. The brokerage initiated coverage with a Buy rating.

Galaxy Securities: Oil Product Inventories at Low Levels, Overseas Crack Spreads Expected to Stabilize and Rise

China Galaxy Securities said in a deep-dive report on the oil and petrochemical sector that oil supply has recovered in the short term amid Middle East geopolitical disruptions, but its stability remains to be verified. Global refinery utilization rates are diverging, oil product inventories have fallen to low levels and diesel supply is tight. The report expects low inventories plus expectations of diesel destocking to help overseas crack spreads stabilize and rise. It suggests watching companies with refining capacity in Southeast Asia or sufficient refined product export quotas, and flags risks including oil prices, freight rates, refining capacity additions and weaker demand.

FSPG Hi-Tech Reports 6.302 Billion Yuan Revenue for First Three Quarters, Net Profit Up 1,429.18%

FSPG Hi-Tech announced revenue of 6.302 billion yuan for the first three quarters of 2026, up 279.14% year on year; net profit attributable to shareholders was 1.283 billion yuan, up 1,429.18%; non-recurring net profit was 864 million yuan, up 1,036.07%. In the third quarter alone, revenue was 2.425 billion yuan, up 315.20% year on year; net profit attributable to shareholders was 378 million yuan, up 1,122.59%; non-recurring net profit was 404 million yuan, up 1,340.27%.

Nanhua Futures' First Three Quarters Revenue Hits 1.376 Billion Yuan, Net Profit Up 67.41%

Nanhua Futures announced revenue of 1.376 billion yuan for the first three quarters of 2026, up 46.27% year on year, with net profit attributable to shareholders of 588 million yuan, up 67.41%. Third-quarter revenue was 497 million yuan, up 43.02%, and net profit was 200 million yuan, up 66.45%. The company attributed the growth to active investment in the futures market, higher client equity and increased client trading volume.

Oriental Zirconium's Q3 Net Profit Rises 798.60% to 86.31 Million Yuan

Oriental Zirconium said in a filing on Oct 26 that its third-quarter revenue rose 49.45% year on year to 449 million yuan, while net profit attributable to shareholders jumped 798.60% to 86.307 million yuan. Non-recurring net profit rose 814.49% to 86.1745 million yuan. For the first three quarters, revenue grew 21.40% to 1.125 billion yuan and net profit rose 330.64% to 167 million yuan.

Cnano Technology Reports 12.22 Billion Yuan Revenue for First Three Quarters of 2026, Up 22.10% Year on Year

Cnano Technology announced revenue of 1.222 billion yuan for the first three quarters of 2026, up 22.10% year on year; net profit attributable to shareholders was 225 million yuan, up 14.99%; net profit excluding non-recurring items was 204 million yuan, up 18.08%. In the third quarter alone, revenue was 494 million yuan, up 42.18% year on year; net profit attributable to shareholders was 90.777 million yuan, up 14.39%; net profit excluding non-recurring items was 84.1786 million yuan, up 21.36%.

Visual China's First Three Quarters Revenue at 570 Million Yuan; Q3 Net Loss Attributable to Shareholders at 31.33 Million Yuan

Visual China announced revenue of 570 million yuan for the first three quarters of 2026, down 6.59% year on year; net profit attributable to shareholders was 69.79 million yuan, down 6.09%; non-recurring net profit was 51.16 million yuan, down 28.22%. In the third quarter alone, revenue was 200 million yuan, down 5.21% year on year; net profit attributable to shareholders was -31.33 million yuan, down 202.59%; non-recurring net profit was 16.64 million yuan, down 43.63%.

Guotou Capital says Q3 net profit fell 27% year on year

Guotou Capital (600061.SS) said its third-quarter net profit fell 27% from a year earlier.

Wangsu Science & Technology Reports 3.64 Billion Yuan Revenue for First Three Quarters, Adjusted Net Profit Up 27.6%

Wangsu Science & Technology announced revenue of 3.641 billion yuan for the first three quarters of 2026, up 4.28% year on year. Net profit attributable to shareholders was 577 million yuan, down 6.31%, while adjusted net profit was 445 million yuan, up 27.60%. In the third quarter alone, revenue was 1.323 billion yuan, up 15.95% year on year; net profit attributable to shareholders was 229 million yuan, down 5.87%; and adjusted net profit was 204 million yuan, up 134.16%.

Yidong Electronics' First Three Quarters Revenue Up 49%, Net Profit Down 72%

Yidong Electronics reported revenue of 2.472 billion yuan for the first three quarters of 2026, up 49.05% year on year. Net profit attributable to shareholders was 3.2218 million yuan, down 72.18%, while non-recurring net profit was -7.9274 million yuan, down 361.63%. In the third quarter alone, revenue was 1.059 billion yuan, up 62.90% year on year; net profit attributable to shareholders was -5.9372 million yuan, down 137.82%; and non-recurring net profit was -8.978 million yuan, down 172.54%.

Hengtong shares: first three quarters revenue up 81.89% to 2.295 billion yuan, net profit down 29.81%

Hengtong shares announced that in the first three quarters of 2026, revenue was 2.295 billion yuan, up 81.89% year on year; net profit attributable to shareholders was 132 million yuan, down 29.81%; net profit excluding non-recurring items was 148 million yuan, up 22.67%. In the third quarter alone, revenue was 885 million yuan, up 99.51% year on year; net profit attributable to shareholders was 40.8035 million yuan, down 33.88%; net profit excluding non-recurring items was 38.568 million yuan, down 8.41%.

Shida Shenghua Turns Profitable in First Three Quarters of 2026 With 7.368 Billion Yuan Revenue

Shida Shenghua announced revenue of 7.368 billion yuan for the first three quarters of 2026, up 58.95% year on year. Net profit attributable to shareholders was 549 million yuan, compared with a loss of 62.2018 million yuan a year earlier. Non-recurring net profit was 553 million yuan, also versus a loss of 62.2018 million yuan a year earlier. In the third quarter alone, revenue was 2.583 billion yuan, up 59.03% year on year; net profit attributable to shareholders was 98.9148 million yuan and non-recurring net profit was 99.3785 million yuan, both compared with a loss of 62.2018 million yuan a year earlier.

WuXi AppTec's Q3 net profit up nearly 140% year on year, raises full-year guidance again

WuXi AppTec's third-quarter net profit rose nearly 140% from a year earlier, and the company raised its full-year guidance again. The material did not disclose specific figures or the revised guidance range.

CoreWeave Shares Fall 41% From Peak as Strategists Warn AI Credit Worries May Weigh on US Stocks

CoreWeave shares have fallen 41% since major US stock indexes hit record highs on Oct. 6, and its bonds dropped to distressed levels this month, Bloomberg reported. Other "neocloud" companies also posted double-digit declines, with Iren down 40% and Nebius Group down 36%. Brian Reynolds, chief market strategist at Reynolds Strategy, said the issue is shifting from a micro event to a macro event and expects further selling could push the S&P 500 back to early-June lows, a 4.7% drop from Friday's close. Ohsung Kwon, chief equity strategist at Wells Fargo, said that if neoclouds cut capital spending plans, it would be a major headwind for the semiconductor industry.

Bayer's Asundexian wins China approval for stroke prevention

Bayer said China's National Medical Products Administration approved its Factor XIa inhibitor Asundexian, marketed as Sunharbo, to reduce the risk of recurrent stroke in adults, the first approved drug in its class.

Raytron's Net Profit Attributable to Shareholders Reaches 2.3 Billion Yuan in First Three Quarters, Up 225% Year on Year

Raytron announced third-quarter 2026 revenue of 3.049 billion yuan, up 97.70% year on year, and net profit attributable to shareholders of 1.04 billion yuan, up 192.41%. For the first three quarters, revenue was 7.445 billion yuan, up 82.22%; net profit attributable to shareholders was 2.3 billion yuan, up 225.37%; and net profit after deducting non-recurring items was 2.249 billion yuan, up 237.39%.

CITIC Securities Q3 revenue falls 26.59% to 16.898 billion yuan

CITIC Securities reported third-quarter revenue of 16.898 billion yuan, down 26.59% year on year, with net profit attributable to shareholders at 7.679 billion yuan, down 20.19%. For the first nine months, revenue rose 18.60% to 66.590 billion yuan and net profit rose 32.66% to 31.022 billion yuan.

Xiamen Tungsten Says Q3 Revenue Rose 47.1% Year on Year

Xiamen Tungsten (600549.SS) said its third-quarter revenue rose 47.1% from a year earlier.

HSBC cuts global equities rating from 'maximum overweight' to 'neutral'