Luxshare Precision Industry reported first-quarter results with strong revenue growth and higher profit, while rising costs and negative operating cash flow underscored pressure on earnings quality.
After a widespread malfunction involving Baidu's Apollo Go robotaxi service in Wuhan left passengers stranded and disrupted traffic, Chinese authorities have reportedly suspended the issuance of new autonomous driving permits. It marks at least the second time regulators have halted approvals following an incident linked to Baidu.
Coretronic has reported its first quarterly loss since the 2008 global financial crisis, even as revenue reached a multi-year high, underscoring margin pressure and shifting product dynamics across its business.
LG Display reported its strongest first-quarter operating profit in half a decade and signaled an end to years of workforce restructuring, as it continues to shift toward high-end OLED panels.