Business
480 storiesHikvision nine-month net profit rises 38.55% to 12.911 billion yuan
Hikvision reported net profit of 12.911 billion yuan for the first three quarters of 2026, up 38.55% year on year, on revenue of 74.044 billion yuan, up 12.60%. Third-quarter net profit was 5.016 billion yuan, up 36.97%, on revenue of 27.22…
Netflix plans about 1,000 job cuts, roughly 6% of its global workforce
Netflix plans to cut about 1,000 jobs worldwide, roughly 6% of its workforce, according to Korean outlets citing US media reports. Product, technology, legal and human resources teams will be the main targets in its largest restructuring si…
HD Hyundai chairman Jeong Gi-seon marks one year: mergers, power and nuclear bets
Jeong Gi-seon (정기선), chairman of HD Hyundai (HD현대), reached the first anniversary of his chairmanship on 17 October. Korean outlets point to the merger of shipbuilding and construction equipment units, a push into the US market and investme…
Doosan names CFOs Kim Min-cheol, Park Sang-hyun vice chairmen; Song Yong-jin made COO
Doosan Corp said on October 16 that Kim Min-cheol (김민철), its CEO, president and chief financial officer, had been promoted to vice chairman. Doosan Enerbility said the same day that its CEO, president and CFO Park Sang-hyun (박상현) had also b…
TSMC's third-quarter profit rises 68.7% to record NT$763.1 billion
TSMC reported third-quarter net profit of about NT$763.1 billion on October 15, up 68.7% from a year earlier and above the LSEG consensus of NT$746.3 billion. Revenue rose 50.9% in Taiwan-dollar terms as demand for advanced chips expanded.
Kumho Tire promotes six executives: four managing directors and two research fellows
Kumho Tire said on October 16 that it had promoted six people to executive posts: four to managing director (sangmu, 상무) and two to research fellow. The new managing directors head the company's German subsidiary, Eastern Europe sales and K…
Hyundai Elevator to sell 116 billion won Hyundai Movex stake, cancel treasury shares
Hyundai Elevator said on October 16 it will sell 6.5 million shares of its subsidiary Hyundai Movex (현대무벡스) at 17,810 won each, about 116 billion won in total, cutting its stake from 48.89% to 43.04%. It will also cancel 2,487,323 of its ow…
Hyosung Heavy Industries completes export breaker plant in Changwon, doubling capacity
Hyosung Heavy Industries said on October 16 that it had completed a new plant in Changwon, South Gyeongsang Province, that will make only ultra-high-voltage circuit breakers for export. The plant covers about 18,996 square metres and will p…
Xinyisheng controlling shareholder proposes 800 million–1 billion yuan buyback
Xinyisheng (新易盛) said its controlling shareholder had proposed an A-share buyback of 800 million to 1 billion yuan. The repurchased shares would be used for equity incentives or an employee shareholding plan.
Korean Air posts record quarterly revenue as fuel costs weigh on margins
Korean Air reported record third-quarter revenue of 5.0448 trillion won and operating profit of 421.2 billion won. Passenger and cargo growth lifted sales, but higher fuel costs reduced its operating margin.
Shengyi Technology expects nine-month net profit to rise 164%-181%; unit sees 68%-75% gain
Shengyi Technology (生益科技, 600183.SH) said on October 16 it expects net profit attributable to shareholders of 6.46 billion to 6.87 billion yuan for the first three quarters of 2026, up 164% to 181% year on year. Its subsidiary Shengyi Elect…
POSCO and Hanwha Ocean plan high-manganese steel trial for LNG cargo tanks
POSCO and Hanwha Ocean signed an agreement on October 15 to secure a demonstration vessel with high-manganese steel LNG cargo tanks. The companies plan to test the material's safety, durability and operating efficiency at sea before pursuin…
UAE launches $1 million programme to help establish 100 content businesses
The 1 Billion Followers Summit and the UAE's National Media Authority launched the 100 Dreams initiative with entrepreneur Simon Squibb on October 15. The programme will give 100 selected creators $10,000 each, alongside licensing support a…
Jiangbolong forecasts nine-month profit surge as memory-price gains slow
Jiangbolong (江波龙) forecast net profit attributable to shareholders of 14 billion to 14.9 billion yuan for the first nine months of 2026, up 1,864.55% to 1,990.84% year on year. The company said slower DRAM and NAND Flash price increases wer…
Dazu Shukong reports nine-month profit up 214.03%
Dazu Shukong (大族数控) reported net profit attributable to listed-company shareholders of 1.544 billion yuan for the first three quarters of 2026, up 214.03%. Revenue rose 100.9% to 7.841 billion yuan.
Tongkun Gufen forecasts nine-month profit of 6.7–7.1 billion yuan
Tongkun Gufen (桐昆股份) forecast net profit attributable to listed-company shareholders of 6.7 billion to 7.1 billion yuan for the first three quarters of 2026. The forecast represents year-on-year growth of 332.64%–358.47%.
Fudan Weidian forecasts nine-month profit growth of 187.63%–248.18%
Fudan Weidian (复旦微电) forecast net profit attributable to parent-company owners of 950 million to 1.15 billion yuan for the first three quarters of 2026. That would represent growth of 187.63%–248.18% from a year earlier.
Zhongjin Huangjin forecasts 50.05%-57.66% rise in nine-month profit
Zhongjin Huangjin (中金黄金) expects net profit attributable to shareholders of 5.52 billion-5.8 billion yuan for the first nine months of 2026, up 50.05%-57.66% year on year. The company cited higher gold and copper prices, by-product income a…
Yilian Wangluo forecasts 14%-18% profit growth for first nine months
Yilian Wangluo (亿联网络) forecast net profit attributable to shareholders of 2.232 billion-2.311 billion yuan for the first nine months of 2026, up 14%-18% from a year earlier. The company cited market expansion, channel development and recove…
Dazu Jiguang forecasts nine-month profit growth of 145.55%–157.13%
Dazu Jiguang (大族激光) forecast net profit attributable to listed-company shareholders of 2.12 billion to 2.22 billion yuan for the first three quarters of 2026. The forecast implies year-on-year growth of 145.55%–157.13%.