Day: April 27, 2022

Yuanxin Tempts Investors With One-Stop Medical Formula in Hong Kong IPO

The internet healthcare company filed its listing application to the Hong Kong Stock Exchange last week, trumpeting its comprehensive approach to medical services Key takeaways: Yuanxin Technology has filed for a Hong Kong IPO a second time, aiming to set itself apart from rivals with its wide range of medical services The company’s revenue grew 65% last year, but its losses are growing even more quickly By Li Yaoyao Once verboten for many medical companies due to listing rules that banned money-losing applicants, Hong Kong has welcomed such high-growth firms…

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FAST NEWS: Xinjiang Goldwind Posts Strong Profit Growth, But Revenue Decline, in First Quarter

The latest: Wind power equipment maker Xinjiang Goldwind Science & Technology Co. Ltd. (2208.HK; 002202.SZ) said late Tuesday its revenue fell 8.3% in the first quarter of 2022 to 6.4 billion yuan ($962 million). But its profit for the period rose 15.3% to 1.3 billion yuan. Looking Up: Despite the year-on-year revenue decline, the company’s cash flow from the sale of goods and services rose by 8.4% to 8.2 billion yuan from 7.6 billion yuan in the first quarter of 2021. Take Note: The profit increase may have come largely…

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FAST NEWS: New Oriental Education Sees New Business Revenue Coming Soon

The latest: New Oriental Education & Technology Group Inc. (EDU.US; 9901.US) reported a 48% revenue decline to $614 million and a $122 million loss during its fiscal third quarter through February, according to its latest quarterly report released late Tuesday. Looking up: Founder and Chairman Yu Minhong said revenue from its overseas test preparation and overseas study consulting business – the remaining key business from its core education services – rose by 15% year-on-year. Its domestic test preparation business targeting adults and university students posted even stronger 59% year-on-year growth. Take…

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Vaping Leader RLX Gets Doused by Latest Regulatory Wave

China has unveiled new rules banning flavored vapes and taken steps to standardize e-cigarettes in new efforts to bring more order to the sector Key Takeaways: Shares of RLX and its peers fell sharply last month after China’s tobacco regulator announced a new ban on flavored vapes starting in May The group got a small boost earlier this month after the country’s market regulator announced new national standards for e-cigarettes By Judy Yang Life isn’t getting any easier lately for China’s vibrant field of vaping companies, which are facing a…

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