For more information about Procescir, please visit www.procescir.com. About EnWave VANCOUVER, British Columbia, April 29, 2025 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX- V:ENW | FSE:E4U) ("EnWave", or the "Company") announced today that it has received the second progress payment (the "Payment") pursuant to a previously announced Equipment Purchase Agreement (the "Agreement") signed with Procescir S.A. de C.V. ("Procescir"), for a 120kW Radiant Energy Vacuum ("REV™") machine for the commercial production ...

Ultra Clean Holdings (UCTT) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -9.68%. A quarter ago, it was expected that this chipmaking equipment services company would post earnings of $0.44 per share when it actually produced earnings of $0.51, delivering a surprise of 15.91%.Over t ...

Core Viewpoint - Caterpillar Inc. is expected to report year-over-year declines in both earnings and revenues for the first quarter of 2025, with earnings estimated at $4.30 per share, reflecting a 23% decline from the previous year, and revenues projected at $14.54 billion, indicating an 8% decrease [1]. Financial Estimates - The Zacks Consensus Estimate for Q1 2025 earnings has decreased by 0.46% over the past 60 days [2]. - The current earnings estimate for Q1 is $4.30, down from $4.33 30 days ago, and the revenue estimate is $14.54 billion [2]. - The operating income is projected to decrease by 25% year-over-year to $2.55 billion, with an operating margin of 18.8%, down from 22.8% in Q4 2024 [10]. Segment Performance - The Resource Industries segment is expected to report external sales of $2.72 billion, a 12% decline year-over-year, with an operating profit of $621 million, down 15% [11]. - The Construction segment's external sales are projected at $5.38 billion, reflecting a 16% decline, with an operating profit of $1.39 billion, indicating a 21% decrease [12]. - The Energy and Transportation segment is expected to see external sales of $5.5 billion, a slight increase of 0.5%, with an operating profit of $1.3 billion, down 0.3% year-over-year [14][15]. Market Conditions - The manufacturing sector showed initial signs of recovery in early 2025 but lost momentum, as indicated by the Institute for Supply Management's manufacturing index, which fell to 49% in March [6]. - The New Orders Index declined sharply from 55.1% in January to 45.2% in March, reflecting reduced customer orders due to rising tariff concerns [7]. Price Performance and Valuation - Caterpillar's stock has decreased by 12.4% over the past year, underperforming its industry and the broader market [16]. - The stock is currently trading at a forward P/E of 15.64, which is higher than the industry average of 14.79 [20]. - Compared to peers like Komatsu, Terex, and Manitowoc, Caterpillar's valuation is relatively high, with competitors trading at lower P/E ratios [21]. Strategic Outlook - Long-term demand prospects for Caterpillar are supported by increased infrastructure spending and a shift toward clean energy [25]. - The company has a strong balance sheet, allowing for investments in growth, share repurchases, and dividends [25]. - The upcoming leadership change with COO Joseph Creed succeeding James Umpleby as CEO will be closely monitored for its impact on navigating current challenges [25].

Market Overview - The Shanghai Composite Index rose by 0.56% to close at 3295.06 points, with a weekly high of 3313.51 points [1] - The Shenzhen Component Index increased by 1.38% to 9917.06 points, reaching a peak of 9990.03 points [1] - The ChiNext Index saw a 1.74% rise, closing at 1947.19 points, with a maximum of 1962.68 points [1] - Global markets also experienced gains, with the Nasdaq Composite up by 6.73%, the Dow Jones Industrial Average up by 2.48%, and the S&P 500 up by 4.59% [1] - In the Asia-Pacific region, the Hang Seng Index rose by 2.74% and the Nikkei 225 Index increased by 2.81% [1] New Stock Subscription - No new stock issuances occurred last week [2] Margin Financing and Securities Lending - The total margin financing and securities lending balance in the Shanghai and Shenzhen markets was 1.797371 trillion yuan, with a financing balance of 1.786215 trillion yuan and a securities lending balance of 11.156 billion yuan [2] - The total margin financing and securities lending balance decreased by 1.192 billion yuan compared to the previous week [2] - The Shanghai market's margin balance was 917.657 billion yuan, down by 3.729 billion yuan, while the Shenzhen market's balance was 879.714 billion yuan, up by 2.538 billion yuan [2] - A total of 3428 stocks had financing funds buying in, with 35 stocks having buy amounts exceeding 1 billion yuan, led by Shenghong Technology, Xinyi Sheng, and Dongfang Fortune [2] Fund Issuance - Fourteen new funds were issued last week, including various types such as mixed funds and ETFs [3][4] Company Buyback Amounts - A total of 21 companies announced share buybacks last week, with the highest amounts executed by Ningde Times, Lishi Group, and Huagong Technology [5] - The highest buyback amounts were in the electric equipment, machinery, and food and beverage industries [5][6]

4月25日，六安市金安区"十全十美"重大项目集中签约仪式在安徽六安大学科技园六松创新中心举行。 此次签约仪式聚焦电子信息、新能源汽车零部件、高端装备制造产业，集中签约项目10个，总投资23.7 亿元，主导产业契合度100%，为金安产业升级注入强劲动能。 电子信息产业强链补链，构建光学显示新集群 聚焦电子信息产业，吸引行业龙头与"隐形冠军"企业集聚，推动产业链向中高端延伸。 转自：新华财经 高端装备制造科技赋能，培育未来增长新引擎 以智能制造为核心，引入"专精特新"企业，推动高端制造业智能化转型。 总投资1.5亿元的液压过滤器项目由温州朝日液压投资。该公司专注液压过滤器、滤芯等核心部件，主 要服务工程机械、新能源装备等领域，项目的成功落地进一步完善高端装备基础零部件配套体系。总投 资1.2亿元的3D视觉具身智能工业机器人项目由深圳辰视智能投资。该公司聚焦工业3D相机及3D视觉机 器人工作站，产品广泛应用于智能工厂分拣、装配等场景。此次与金安携手，也将带动地方高端装备产 业向视觉识别、柔性制造领域拓展。 "基金+中介+产业链"多元协同，构建招商引资新体系 此次签约项目精准匹配金安区"电子信息、新能源汽车、高端装备 ...

Core Insights - The 66th National Pharmaceutical Machinery Exposition successfully concluded on April 25, 2025, at Chongqing International Expo Center, organized by HAINAN JING-BO-XIN EXHIBITION CO., LTD. [1] - The exposition attracted 1,686 exhibitors from 24 countries and regions, showcasing over 10,000 products across an exhibition space of 180,000 square meters, with more than 60,000 visitors from 88 countries and regions [3]. Industry Overview - The exposition included a Malaysia-China procurement matchmaking session, facilitating one-on-one meetings between over 20 Chinese manufacturers and six Malaysian pharmaceutical companies [3]. - The organizing committee hosted three thematic forums and 93 technical exchange sessions, featuring keynote speeches from renowned experts and industry professionals [4]. - The Second CIPM Synthetic Biology and Biomanufacturing Industry Development Conference was a significant highlight, attracting over 1,000 professionals from various sectors including pharmaceuticals, food, cosmetics, and pesticides [4]. Historical Context - The China National Pharmaceutical Machinery Exposition has been held biannually since the 1990s and has been recognized as a key exhibition supported by China's Ministry of Commerce since 2004 [5]. - The event expanded in 2008 to include the China International Pharmaceutical Machinery Exposition (CIPM), covering production, processing, packaging, testing, and auxiliary equipment for various industries [5]. - Over the years, CIPM has evolved into a premier global event that integrates trade, technology exchange, and industry dialogue [5].

Investment Rating - The report maintains a Buy rating on Sany Heavy Industry with a target price of Rmb24.00, indicating an expected share price return of 25.1% and a total expected return of 26.6% [6]. Core Insights - Sany Heavy Industry is focusing on high-quality growth and third-party markets due to the ongoing deglobalization trend, targeting regions without competitive local construction machinery OEMs [1][2]. - The management is optimistic about the demand for excavators in China, driven by labor replacement and the export of second-hand excavators, while remaining cautious about non-excavator demand due to a sluggish property market [3][5]. - Significant upside potential is identified in ultra-large excavators and aftermarket services, where Sany currently lags behind competitors like Caterpillar and Komatsu [4][5]. Summary by Sections Market Focus - Sany plans to concentrate on third-party markets such as the Middle East, South America, and Africa, where local competition is minimal [2]. Demand Outlook - Management expresses a positive outlook for excavator demand in China, anticipating a shift similar to Japan's market, while being cautious about non-excavator machinery due to ongoing property market challenges [3]. Growth Strategy - The company aims for high-quality growth by focusing on receivable recoveries and investing in R&D while reducing operational expenses to enhance competitiveness [5][8]. Capital Expenditure - Future capital expenditure is expected to remain low, around Rmb2.9 billion, reflecting a 35% year-over-year decrease, as Sany does not plan significant capacity expansion in China due to oversupply [8]. Global Expansion - Sany is considering expanding production capacities in regions like Brazil and Eastern Europe to adapt to the deglobalization trend, where production costs are significantly lower than in China [8]. IPO Plans - The planned Hong Kong IPO is viewed as a step towards deepening Sany's globalization efforts, despite having sufficient cash reserves for operational needs [9].

Core Viewpoint - Analysts expect Illinois Tool Works (ITW) to report quarterly earnings of $2.34 per share, reflecting a year-over-year decline of 4.1%, with revenues projected at $3.84 billion, down 3.3% from the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised 0.2% higher over the last 30 days, indicating a collective reevaluation by analysts [1][2]. - Revisions to earnings projections are critical for predicting investor behavior and stock performance [2]. Revenue Estimates by Segment - 'Operating Revenues- Test & Measurement and Electronics' is estimated at $672.59 million, a decrease of 3.4% year-over-year [4]. - 'Operating Revenues- Construction Products' is projected at $452.05 million, indicating a decline of 7.4% from the prior year [4]. - 'Operating Revenues- Food Equipment' is expected to be $618.05 million, down 2.1% year-over-year [4]. - 'Operating Revenues- Specialty Products' is forecasted to reach $422.93 million, reflecting a 3.9% decrease [5]. - 'Operating Revenues- Automotive OEM' is anticipated at $782.57 million, showing a decline of 4.1% [5]. - 'Operating Revenues- Welding' is expected to be $460.45 million, down 3.3% year-over-year [5]. - 'Operating Revenues- Polymers & Fluids' is projected at $423.16 million, indicating a 2.1% decrease [6]. Operating Income Estimates - 'Operating Income- Automotive OEM' is expected to be $151.73 million, down from $162 million in the previous year [7]. - 'Operating Income- Food Equipment' is projected at $160.61 million, compared to $164 million last year [8]. - 'Operating Income- Test & Measurement and Electronics' is estimated at $158.07 million, down from $163 million in the same quarter last year [8]. Stock Performance - Shares of Illinois Tool Works have shown a return of -3.9% over the past month, compared to a -4.8% change in the Zacks S&P 500 composite [8].

Company Announcement - Kadant Inc. will release its 2025 first quarter results after the market closes on April 29, 2025, and will hold a webcast on April 30, 2025, at 11:00 a.m. Eastern Time to discuss financial performance and future expectations [1] - The earnings release and webcast presentation will be available in the "Investors" section of the company's website [2] Company Overview - Kadant is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing, enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries [3] - The company is based in Westford, Massachusetts, and employs approximately 3,500 people across 20 countries [3]

Investment Rating - The investment rating for Sany Heavy Industry Co., Ltd. is Overweight, indicating that the stock's total return is expected to exceed the average total return of the industry coverage universe over the next 12-18 months [2]. Core Insights - The report highlights a modest revenue miss in 4Q24, with a year-over-year revenue increase of 8%, primarily due to lower-than-expected sales in concrete machinery and excavators. However, net profit increased by 131% year-over-year, driven by a decline in selling expenses and non-operating income [5][6]. - The company is viewed as a key beneficiary of China's economic recovery and global expansion in 2025, despite facing some challenges from tariffs affecting approximately 5% of its revenue exposure to the U.S. [5]. Financial Summary - For FY24, revenue is projected to increase by 6% to Rmb78 billion, with net profit expected to reach Rmb5.84 billion, reflecting a 30% increase year-over-year [5]. - The report provides detailed financial metrics, including an EPS forecast of Rmb0.69 for FY24, with a projected increase to Rmb1.28 by FY26 [2]. - The gross profit margin for 4Q24 was reported at 22%, a decrease of 7 percentage points year-over-year, but the core business gross profit margin is expected to improve to 28% in 2024 when excluding GAAP effects [5][6]. Price Target and Market Metrics - The price target for Sany Heavy Industry Co., Ltd. is set at Rmb24.00, representing a 25% upside from the closing price of Rmb19.19 on April 18, 2025 [2]. - The company has a market capitalization of Rmb162.84 billion and an average daily trading value of Rmb1.088 billion [2].