Chinese battery maker CATL reports faster profit growth in second quarter
Net profit jumped 34 per cent from a year earlier to 16.5 billion yuan last quarter, accelerating from a 32.9 per cent rise in first-quarter profit, while revenue was up 8.3 per cent year-on-year to 94.2 billion yuan, against a 6.2 per cent increase in Q1, according to a stock filing on Wednesday.
For the first half of 2025, profit increased 33 per cent while revenue grew 7.3 per cent.
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Straits Times
24 minutes ago
- Straits Times
China claim 1-2 in the women's 3m springboard for ninth diving gold at World Aquatics C'ships
Sign up now: Get ST's newsletters delivered to your inbox Chinese diver Chen Yiwen claims gold in the women's 3m springboard diving event at the World Aquatics Championships in Singapore on August 2. SINGAPORE – Despite a slow start, Olympic champion Chen Yiwen showed her prowess in the women's 3m springboard dive at the World Aquatics Championships (WCH) on Aug 2 when she came from behind to reclaim her title. Competing at the OCBC Aquatic Centre, Chen – who won the gold in the 2023 edition in Fukuoka, Japan – had entered the finals as the top qualifier, but the Chinese diver trailed for two rounds behind leader and compatriot Chen Jia. A strong third-round performance saw her leapfrog into the lead, which she never relinquished. The 26-year-old eventually finished top after five rounds in 389.70 points, ahead of Chen Jia's 356.40. Italy's Chiara Pellacani was third in 323.20. Yiwen's triumph in Singapore was her ninth world title overall, as well as the ninth diving gold for China at the 2025 championships. When asked if she had a slow start, she said: 'Not really, I think it was my first move, which has always had technical issues.' The Chinese diver had earlier claimed gold in the mixed 3m and 10m team event on July 26, before partnering with Chen Jia to win the women's 3m synchronised event on July 29. Top stories Swipe. Select. Stay informed. Singapore $3b money laundering case: MinLaw names 6 law firms taken to task over involvement in property deals Singapore Police reopen access to all areas in Marina Bay after crowd congestion eases at NDP Preview area Singapore Opening of Woodlands Health has eased load on KTPH, sets standard for future hospitals: Ong Ye Kung Asia KTM plans new passenger rail service in Johor Bahru to manage higher footfall expected from RTS Singapore HSA investigating teen allegedly vaping on MRT train Asia 4 workers dead after falling into manhole in Japan Singapore New vehicular bridge connecting Punggol Central and Seletar Link to open on Aug 3 Singapore New S'pore jobs portal launched for North West District residents looking for work near home On being world champion again, she added: 'It gives me a bit more confidence for the future. Actually, I was quite worried during the last jump because there were (loud) noises outside… I was worried it might have an impact.' World championships debutante Chen Jia, 20, said: 'Actually, in the first round, I was quite confident, but in the second and third round, there were some technical issues. 'It may look easy. But when you stand on the board, with that atmosphere and that responsibility, it's an invisible pressure. Also with so many years of stable performances (from China) in the women's events, we definitely need to keep moving forward. 'I think for this competition, I'm not too satisfied… But for a first world championship trip, I'm quite satisfied.' Pellacani, who won the mixed 3m synchronised dive with partner Matteo Santoro on July 30, said: 'It was my goal to get a medal in this event after (finishing in) fourth place at the Olympic Games in Paris. And we worked really hard for this. So I'm very, very happy. 'I always start low on the first round, but the most important thing is to keep it very consistent, and that's what I did during the preliminary round, semi-final and final. I know there are still some things that I have to improve in my diving, for example, my entry can be better.' The men's 10m platform semi-final and final will be contested on the final day of the championships on Aug 3.
CNA
an hour ago
- CNA
Expiring Tanjong Pagar Distripark lease paints uncertain future for tenants
A bustling arts cluster at Tanjong Pagar Distripark may have to find a new home, with the building's lease set to expire in 2027 amid the redevelopment of the area. That is even as the number of arts groups at the location has more than quadrupled since 2021, with a 20 per cent boost in footfall from the year after. Muhammad Bahajjaj with more.
CNA
2 hours ago
- CNA
Malaysia businesses respond to latest Trump tariff announcement
Businesses in Malaysia remain cautious despite the decision by the US to reduce tariffs on Malaysian imports. But the reduction at least helps the overall cost competitiveness of Malaysian-manufactured goods in the US market. Businesses and manufacturers are also bracing for higher operating costs and potential price hikes. Afifah Ariffin reports.
