$RTX Corp(RTX)$ Pratt & Whitney, an RTX (NYSE:RTX) business, has been awarded a contract valued up to $1.3B to continue work on the F135 Engine Core Upgrade, which will deliver enhanced durability to the engine. "This contract is critical to continuing our positive forward momentum on this program..It allows us to continue work in the risk reduction phase with a fully staffed team focused on design maturation, aircraft integration, and mobilizing the supply base to prepare for production." said Jill Albertelli, president of Pratt & Whitney's Military Engines business. Good Luck to all đđ»đđ»đđ»
China has âroomâ for higher debt, more policy support, finance minister says
Chinaâs Ministry of Finance begins press conference, will tap unused bond reserve to aid real estate, local governments 10:36AM âSrongestâ debt relief measures planned Finance Minister Lan has laid out what he has termed the âstrongestâ debt relief measure undertaken by China in years. To alleviate debt pressures on local governments, he said, a one-time, large-scale debt ceiling increase will be employed to swap with local governmentsâ hidden debts. The ministry will continue to allocate a portion of annual special bonds specifically to address existing debt related to government investment projects, he added. $LI AUTO-W(02015)$ $Li Auto(LI)$
$LI AUTO-W(02015)$ BEIJING - Chinese electric vehicle maker Li Auto Inc . (NASDAQ:LI) reported better-than-expected third-quarter results on Wednesday Li Auto posted adjusted earnings per share of RMB3.63 ($0.52) for the quarter ended September 30, surpassing analyst estimates of RMB2.68. Revenue came in at RMB42.9 billion ($6.1 billion), topping the consensus forecast of RMB41.6 billion and representing a 23.6% increase YoY. We achieved record-breaking deliveries in the third quarter, further cementing our leadership among Chinese automotive brands in the RMB200,000 and above NEV market," said Xiang Li, chairman and CEO of Li Auto. Vehicle sales rose 22.9% YoY to RMB41.3 billion ($5.9 billion). Gross margin contracted slightly to 21
$LI AUTO-W(02015)$ $LI AUTO-W(02015)$ BEIJING - Chinese electric vehicle maker Li Auto Inc . (NASDAQ:LI) reported better-than-expected third-quarter results on Wednesday Li Auto posted adjusted earnings per share of RMB3.63 ($0.52) for the quarter ended September 30, surpassing analyst estimates of RMB2.68. Revenue came in at RMB42.9 billion ($6.1 billion), topping the consensus forecast of RMB41.6 billion and representing a 23.6% increase YoY. We achieved record-breaking deliveries in the third quarter, further cementing our leadership among Chinese automotive brands in the RMB200,000 and above NEV market," said Xiang Li, chairman an
The header information all wrong. Net Income and Net Earnings Per Share Net income was RMB2.8 billion (US$401.9 million) in the third quarter of 2024, representing an increase of 0.3% from RMB2.8 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.1 billion in the second quarter of 2024. Non-GAAP net income was RMB3.9 billion (US$548.8 million) in the third quarter of 2024, representing an increase of 11.1% from RMB3.5 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.5 billion in the second quarter of 2024. Basic and diluted net earnings per ADS attributable to ordinary shareholders were RMB2.82 (US$0.40) and RMB2.66 (US$0.38) in the third quarter of 2024, respectively, compared with RMB2.86 and RMB2.67 in the third quarter of 2023, respec
EV Shares Drop. Li Auto Plummets 13% as Profit Slips; Lucid Falls 5%
Time to Join HK stocks again? - China's finance ministry to detail fiscal policy for economy boost on Sat
$Li Auto(LI)$ BEIJING â China will hold a briefing on fiscal policy on Oct 12 as investors look for additional measures to stimulate the worldâs No. 2 economy. The State Council Information Office announced the event on Oct 9. Finance Minister Lan Foâan will introduce moves to strengthen fiscal policy to shore up growth and answer questions from reporters, according to the notice. Many expect an announcement by the Ministry of Finance, typically tasked with issuing bonds to support stimulus measures, after the National Development and Reform Commission (NDRC) disappointed on Oct 8 by announcing no major pro-growth steps after the long national holiday. Banks including Morgan Stanley and HSBC Holdings expect two
$LI AUTO-W(02015)$ Oct 1 (Reuters) - Li Auto Inc : * DELIVERED 53,709 VEHICLES IN SEPTEMBER 2024, UP 48.9% Further company coverage: ((Reuters.Briefs@thomsonreuters.com;)) Good Luck to all đđ»đđ»đđ»
Mr. Xiang Li, chairman and chief executive officer of Li Auto, commented, âWe achieved record-breaking deliveries in the third quarter, further cementing our leadership among Chinese automotive brands in the RMB200,000 and above NEV market. In October, we celebrated a major milestone: one million cumulative deliveries, a first for emerging new energy automotive brands in China. These remarkable results highlighted our rapidly growing brand influence and usersâ strong recognition of our advancements in intelligentization. As our vehicle deliveries continue to grow, we are creating a virtuous cycle of innovation and advancement, driving the intelligentization of Li Auto vehicles to new heights. Notably, our latest autonomous driving solution, which integrates an end-to-end (E2E) model and a
Chinaâs GDP, Buyback Plans Fuel Asia Stock Gains: Markets Wrap
Bloomberg-- Asian equities rose as investors digested Chinaâs better-than-expected economic data and additional stock buyback program details from the countryâs central bank. Shares in China and Hong Kong extended gains after the Peopleâs Bank of China said it set up a relending mechanism with an initial 300 billion yuan ($42.1 billion) quota for bank loans used in share buybacks. Earlier, data also showed that the nationâs latest gross domestic product, industrial production and retail sales figures beat estimates. $XPENG-W(09868)$ $LI AUTO-W(02015)$
$LI AUTO-W(02015)$ #China's finance ministry to detail fiscal policy for economy boost on Sat BEIJING â China will hold a briefing on fiscal policy on Oct 12 as investors look for additional measures to stimulate the worldâs No. 2 economy. The State Council Information Office announced the event on Oct 9. Finance Minister Lan Foâan will introduce moves to strengthen fiscal policy to shore up growth and answer questions from reporters, according to the notice. Many expect an announcement by the Ministry of Finance, typically tasked with issuing bonds to support stimulus measures, after the National Development and Reform Commission (NDRC) disappointed on Oct 8 by announcing no major pro-growth steps after the
$XPENG-W(09868)$ Deliveries in September 2024 set a new monthly record of 21,352 units, a 39% increase year-over-year The first month of deliveries of XPENG MONA M03 exceeded 10,000 units in September 46,533 units delivered in Q3 2024, a 16% increase year-over-year GUANGZHOU, China, Oct. 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (âXPENGâ or the âCompany,â NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (âSmart EVâ) company, today announced its vehicle delivery results for September and the third quarter 2024. In September 2024, XPENG delivered 21,352 Smart EVs, a new record for monthly deliveries, representing increases of 39% year-over-year and 52% over the prior month. At the same time, the first month of deliver