Two of China’s corporate heavyweights have revealed the large scope of the earnings hit they’re taking from brutal market competition. Investors are hitting the sell button https://t.co/Of4CEHKhwd ...

In a world of free trade and market competition, US dynamism should beat planning and economic statecraft. We aren’t in that world. https://t.co/qP6Hk54wdk ...

Key Takeaways DOW reported an adjusted Q2 loss of 42 cents per share, missing estimates on both earnings and revenues.Lower prices across all segments and weak volumes resulted in a 7% drop in Q2 sales for DOW.DOW expects near-term projects and cost cuts as key to offsetting oversupply and pricing pressures.Dow Inc. (DOW) recorded a loss (on a reported basis) of $835 million or $1.18 per share for second-quarter 2025. This compares to a profit of $439 million or 62 cents per share a year ago. The bottom lin ...

Financial Data and Key Metrics Changes - For Q2 2025, the company reported net earnings of $50.6 million or $0.36 per share, marking the 193rd consecutive quarter of profitability [5][6] - The return on average tangible common equity was 14.08% and return on average assets was 1.34% for Q2 2025 [5] - Net interest income for Q2 2025 was $111.6 million, slightly up from $110.4 million in Q1 2025 and $110.8 million in Q2 2024 [15][16] - Non-interest income was $14.7 million in Q2 2025, down from $16.2 million in Q1 2025 [24] Business Line Data and Key Metrics Changes - Total loans as of June 30, 2025, were $8.36 billion, a decline of $5 million from Q1 2025 and a decrease of $178 million or 2.1% from December 31, 2024 [11][12] - Commercial real estate and single-family loans increased by $27 million and $19 million respectively from Q1 2025 [12] - Non-interest expense was $57 million in Q2 2025, down from $59.1 million in Q1 2025 [25][26] Market Data and Key Metrics Changes - Total deposits and customer repurchase agreements totaled $12.4 billion as of June 30, 2025, an increase of $123 million from March 31, 2025 [8][9] - Non-interest bearing deposits grew by $63 million compared to Q1 2025 and were $157 million or 2.2% higher than the end of Q2 2024 [10] Company Strategy and Development Direction - The company continues to focus on banking small to medium-sized businesses and their owners through all economic cycles [92] - The management indicated a potential shift in acquisition strategy to consider opportunities outside California, reflecting a strategic decision to expand geographic reach [80][81] Management's Comments on Operating Environment and Future Outlook - The economic forecast indicates lower GDP growth, higher unemployment, and declining commercial real estate prices, with real GDP expected to remain below 1% until 2026 [18][19] - Management expressed confidence in the loan pipelines and anticipated that originations could outpace payoffs in the latter half of the year [63] Other Important Information - The company authorized a new $10 million share repurchase plan in November, with 1.28 million shares repurchased at an average price of $17.3 [22] - The efficiency ratio improved to 45.6% in Q2 2025 compared to 46.9% in Q1 2025 [8][27] Q&A Session Summary Question: Can you quantify the prepay income this quarter versus last? - Management noted that prepayment penalties were down, impacting overall loan yields, and indicated that without these factors, yields would have been up about five basis points [31][32] Question: What is the outlook for the competitive environment? - Management described the competition as intense, particularly from regional banks, and indicated that they would remain disciplined in underwriting while focusing on the right relationships [52][64] Question: How is the specialty banking group contributing to deposit trends? - The specialty banking group had a good year, contributing positively to deposit trends, although they are cautious about high earnings credit rates [66][69] Question: Are there any plans for M&A activity? - Management confirmed ongoing conversations regarding M&A, with expectations for reasonable pricing and potential announcements by the end of the year [70][71]

owner. I mean, I loved the story. It was interesting because actually there was a lot of things that we don't think about these copycats like, you know, the McDonald's copycat.So, first of all, what do we know about these Western companies that are trying to to replicate what the Western has. Yeah. I mean, it's interesting.It's it's difficult to say if they will want to come back as you say given the current context but I mean I would be surprised if there weren't conversations being had somewhere behind cl ...

长江商报消息 ●长江商报记者 沈右荣 "非洲手机之王"传音控股（688036.SH）经营压力加大，盈利能力下滑。 4月23日晚，传音控股披露了2024年年度报告。公司实现营业收入约687亿元，同比增长逾10%，但增速 放缓；归属母公司股东的净利润（简称"归母净利润"）约55亿元，较上年同期微增0.22%；扣除非经常 性损益的净利润（简称"扣非净利润"）约45亿元，同比下降11.54%。 长江商报记者发现，这是传音控股近三年来年度扣非净利润第二次出现下降。2022年，全球手机市场需 求疲软，出货量下降，公司扣非净利润大降。这一次，公司手机出货量有所增长，为何会出现下降？公 司解释，市场竞争加剧，毛利率下降。 2024年，传音控股经营现金流28.48亿元，同比下降76.05%，降幅之大较为罕见。公司解释，到期的采 购款增加，付款同比增长较多。 此外，长江商报记者发现，2024年，传音控股的董监高薪酬大幅缩水，合计净减少逾2000万元，其中， 董事严孟降薪超千万元。 营收增64亿扣非减少5.9亿 传音控股首次出现年度营收净利背离现象。 根据年报，2024年，传音控股实现营业收入687.15亿元，较上年同期增加64. ...