VANCOUVER, British Columbia, Dec. 15, 2025 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") today reported the Company’s consolidated interim financial results for the fourth quarter and fiscal year ended September 30, 2025. All values in thousands and denoted in CAD unless otherwise stated. Reported revenue for Q4 2025 of $6,219, an increase of $2,585 relative to the comparable period in the prior year. During the period, the company commissioned one large-scale and ...

Core Viewpoint - Anhui Bowei Puxi Technology Co., Ltd. has been established with a registered capital of 5 million RMB, focusing on various technology services and manufacturing sectors [1] Group 1: Company Overview - The legal representative of Anhui Bowei Puxi Technology Co., Ltd. is Liu Yong [1] - The company has a registered capital of 5 million RMB [1] Group 2: Business Scope - The business scope includes technology services, development, consulting, exchange, transfer, and promotion [1] - Manufacturing and sales of pumps and vacuum equipment are part of the company's operations [1] - The company is involved in the manufacturing of general equipment (excluding special equipment) and mechanical parts processing [1] - It also manufactures semiconductor devices, electronic components, and various specialized equipment [1] - The company engages in the import and export of goods and provides import and export agency services [1]

Core Insights - The joint study by Oliver Wyman and the Association of Equipment Manufacturers highlights a decline in sentiment among equipment manufacturers in North America's industrial goods sector, particularly in construction and agricultural manufacturing [1] Industry Overview - The study focuses on the state of the industrial goods sector in North America, specifically addressing non-road equipment [1] - It reveals challenges faced by manufacturers, including tariff unpredictability, which is impacting their outlook [1]

Core Viewpoint - Dazhu CNC has submitted an application to list on the main board of the Hong Kong Stock Exchange, with CICC acting as the sole sponsor [1] Company Overview - Dazhu CNC specializes in the research, development, production, and sales of PCB (Printed Circuit Board) dedicated production equipment, providing end-to-end process solutions for PCB manufacturers [1] - The company serves downstream industries including servers, automotive electronics, and mobile phones [1] Market Position - According to Zhaoshang Consulting, Dazhu CNC is the largest manufacturer of PCB dedicated production equipment in China, with a market share of 10.1% based on projected revenue for 2024 [1]

Group 1 - Suzhou Ruiyin Ark Technology Co., Ltd. has been established with a registered capital of 500,000 RMB [1] - The legal representative of the company is Zhao Jieyu [1] - The business scope includes technology services, development, consulting, and various manufacturing and sales related to artificial intelligence and automation [1] Group 2 - The company focuses on artificial intelligence application software development and industry application system integration services [1] - It also engages in the manufacturing and sales of intelligent instruments, industrial robots, and optical instruments [1] - The company operates under a general project framework, allowing for a wide range of technological activities [1]

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the **Chinese industrial sector**, highlighting significant declines in both industrial profits and revenue for October 2023 compared to previous months [1][2][6]. Core Findings 1. **Industrial Profits Decline**: - Year-over-year, China's industrial profits fell by **8.9%** in October, a stark contrast to a **23.0%** increase in September. Sequentially, profits decreased by **8.3%** non-annualized after seasonal adjustment, following a **9.7%** decline in September [1][2][6]. 2. **Downstream vs. Upstream Performance**: - Downstream industries experienced a profit decline of **5.6%** year-over-year in October, compared to a **20.5%** increase in September. Upstream industries saw a more significant drop of **14.9%** year-over-year, down from a **35.8%** increase in September. The equipment manufacturing sector contributed positively, adding **2.8 percentage points** to the **1.9%** year-over-year growth of industrial profits in the first ten months of the year [6]. 3. **Industrial Revenue Decline**: - Industrial revenue also fell by **4.0%** year-over-year in October, compared to a **3.3%** increase in September. Sequentially, revenue decreased by **4.8%** non-annualized in October, contrasting with a **0.8%** increase in September. Overall profit margins declined on a 12-month average basis, with both upstream and downstream profit margins deteriorating [1][2][6]. 4. **PMI Forecasts for November**: - The NBS manufacturing PMI is expected to rise slightly to **49.3** in November from **49.0** in October. The RatingDog manufacturing PMI is forecasted to remain flat at **50.6**. The NBS non-manufacturing PMI is anticipated to decrease to **50.0** from **50.1** in October, reflecting subdued construction activity due to slower fiscal spending [6][7]. Additional Insights - The report indicates a **weakening in port activity** in coastal regions compared to the previous month, although there is a noted positive seasonal bias in the RatingDog manufacturing PMI for November. The services PMI is expected to remain largely unchanged, impacted by ongoing challenges in the property sector [7]. This summary encapsulates the critical insights from the conference call regarding the current state of the Chinese industrial sector, highlighting both the challenges and the anticipated trends moving forward.

Core Viewpoint - The Bank of Communications Henan Branch has effectively implemented national policies to expand "two new" initiatives since 2025, focusing on equipment upgrades to support social and economic development while improving people's livelihoods [1] Group 1: Financial Support for Energy Sector - The bank has adopted a "finance for the people" approach, facilitating social and economic development through financial means [1] - A power company, facing urgent funding needs for equipment updates to meet rising electricity demand and enhance grid safety, benefited from a green approval channel, with loan approval completed in just three working days [1] - This initiative aims to strengthen the foundation for public electricity supply [1] Group 2: Support for Equipment Manufacturing Transformation - The bank is targeting the equipment manufacturing sector, providing precise financial support for companies transitioning to green and low-carbon development [1] - A manufacturing company received a loan of 110 million yuan to update its R&D, production, and testing equipment, after being included in the People's Bank of China’s key equipment upgrade loan project list [1] - This financial assistance helps accelerate the implementation of advanced equipment and supports digital and green transformation [1] Group 3: Overall Financial Impact - As of the end of October, the bank has approved nearly 4 billion yuan in loans for equipment upgrade projects, covering over 20 projects in energy, environmental protection, and manufacturing sectors [1] - The bank aims to continuously optimize financial resource allocation to support local industry upgrades and enhance financial services for the real economy [1]

Core Viewpoint - ST Yifei (688646.SH) has established technological reserves in solid-state battery laser applications and manufacturing equipment, indicating potential growth in the solid-state battery sector [1] Group 1: Technological Capabilities - The company possesses core equipment and related technologies applicable to the manufacturing of semi/fully solid-state batteries, including cell assembly equipment, module PACK equipment, and smart logistics systems for entire factories [1] - New products have been developed, such as laser groove equipment and laser surface treatment equipment for solid-state battery electrode sheets, which can be utilized in the electrode sheet production process [1]

Core Insights - The 2025 World Intelligent Manufacturing Conference opened in Nanjing, focusing on "Digital Intelligence Driving New Quality Leadership" [1] - The conference announced the first batch of 15 leading intelligent factories in China, including XCMG and Nanjing Steel, as part of a national initiative to promote digital transformation and intelligent manufacturing [1][2] - The event featured a market exhibition covering 55,000 square meters, showcasing innovations from 456 companies across 21 countries, emphasizing international collaboration in intelligent manufacturing [2][3] Group 1: Intelligent Factories - The 15 leading intelligent factories span key industries such as equipment manufacturing, raw materials, electronic information, and consumer goods, demonstrating the breadth and depth of China's intelligent manufacturing [2] - XCMG has improved global customization capabilities through AI-driven R&D and manufacturing, reducing order delivery cycles by 55% [2] - Nanjing Steel achieved a 98.5% on-time delivery rate for customized special steel production using digital twin technology and AI, with a 50% reduction in new product development cycles compared to traditional methods [2] Group 2: Conference Highlights - The conference included the appointment ceremony for the new National Intelligent Manufacturing Committee and the release of several key documents, including the 2025 Intelligent Manufacturing Blue Book and the top ten technological advancements in global intelligent manufacturing [2][3] - The event aims to support the development of a modern industrial system and strengthen the real economy, aligning with national strategies for high-end, intelligent, and green manufacturing [3] - The conference has been held annually since 2016, establishing itself as a high-end platform for global cooperation and showcasing the achievements of Jiangsu's manufacturing sector [3]

Core Insights - Deere & Company is a significant player in the manufacturing and distribution of equipment for agriculture, construction, and forestry sectors, operating through four main segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services [1] Price Target Adjustments - The consensus price target for Deere has declined over the past year, with the recent average at $543, down from $562.33 in the previous quarter, indicating a more cautious outlook from analysts [2][6] - Analyst Mircea Dobre from Robert W. Baird has set a price target of $487 for Deere, reflecting concerns over cost pressures and slipping earnings estimates [3][6] Upcoming Earnings Report - Deere is preparing to announce its fourth-quarter earnings amidst challenges, with a history of surpassing earnings expectations, but current conditions may complicate this trend [4] - The upcoming earnings report is highly anticipated as it will provide insights into how the company is managing current challenges compared to its competitor, Caterpillar, which is experiencing revenue growth [5][6]