Stories from Beijing · China

Cambricon reported record-high Q1 earnings with single-quarter profits surpassing 1 billion yuan. Trending reports confirm single-quarter profits have surpassed 1 billion yuan and note the exit of major shareholder Zhang Jianping. New data indicates the quarterly profit exceeded 1 billion yuan and notes the exit of shareholder Zhang Jianping from the top ten list. The news follows a period of high market interest in the company's financial trajectory. The news follows previous reports of strong financial performance for the firm. The company's financial results have driven trending interest on Chinese financial platforms. New reports from CLS Finance China confirm the single-quarter profit has surpassed the 1 billion yuan milestone, marking a new high for the company. The news follows growth in the semiconductor sector.

The announcement follows an earlier invitation from Chinese President Xi Jinping. Peskov noted that Russia and China will continue regular high-level exchanges throughout the year. The Kremlin has not yet specified the exact timing of the trip.

China State Railway Group announced that holiday transportation will run from April 29 to May 6. Passengers purchasing tickets through third-party platforms may experience slower service or failed transactions. Construction workers are adhering to the golden period of construction on the China Railway Da Zhun Line, a key coal transport channel. The Xinmei-Dongyun railway line, a channel for coal transport, is seeing continued construction during the May Day holiday. During the May Day holiday, construction workers from China Railway 23rd Bureau's Inner Mongolia project are maintaining their posts to ensure the safe and smooth transport of coal. On May 2nd, China's railways are expected to transport 19.7 million passengers, setting a new single-day historical record. As of April 30th, daily railway passenger numbers in China surpassed 19 million, with this trend continuing into May 1st.

He Chaoxin attended the 10th anniversary ceremony of the Schwarzman College at Tsinghua University. He Chaoxin announced via social media her decision to remain at Tsinghua University's Schwarzman College to pursue a career in sustainable development education.

A total of $71 billion has been allocated for updates, according to a report. The source noted that the Chinese Communist Party is involved in this development. The specific nature of the updates was not detailed in the broadcast. China has issued the second batch of 91.5 billion yuan for the 2026 equipment renewal projects.

A team led by Liu Hong successfully developed specialized welding materials, including gas-shielded and electric welding wires, for the construction of the Beijing Big Air Ramp. These materials were used in the construction of the world's first permanent ski big air ramp.

Wang Yi said that China will firmly uphold the international system with the United Nations at its core. Wang noted that the UN system's adherence to these resolutions has earned widespread appreciation. He asserted that China's development will drive common development for all nations and contribute to global governance. He stated that China's contributions to maintaining world peace and security are consistent with the principles of the UN Charter. Wang Yi also noted that UN General Assembly resolutions regarding China's representation, including the Taiwan issue, have received universal support within the UN system. The remarks suggest China aims to drive global governance through its own development models. He asserted that no single nation, including major powers, can address these challenges alone.

A researcher named Qi Hong has developed a parallelogram-shaped cutting method for steel sheets used in transformer production. This technique improves work efficiency by 100% and increases material utilization by 20%. The method addresses the difficulty of handling hard and brittle steel sheets that require precision within 0.02mm to 0.5mm. Implementing this technology is estimated to save raw materials equivalent to four years of usage annually. Researchers at Qi Hong have developed a parallelogram cutting method for transformer production to replace the traditional T-shaped method. A new cutting procedure for Wuzhou products has been developed to address high processing difficulty and complex data. The method uses a specialized shearing program designed for specific equipment to overcome iron core shearing challenges and enable rapid production of complex five-pillar products.

Chinese Foreign Minister Wang Yi stated that the international community must protect justice and fairness against the use of force. Chinese Foreign Minister Wang Yi said the importance of defending the United Nations-centered international system against bullying by powerful nations. He stated that China will steadfastly uphold the principles of the UN and promote global governance through Chinese contributions. Wang noted that UN resolutions regarding China's representation, including the issue of Taiwan, are widely respected and should not be challenged. The remarks were reported by Xinhua News Agency. Chinese Foreign Minister Wang Yi said the need to defend the United Nations Charter and principles against power politics and bullying. Wang also said the importance of constructive political solutions to hotspot issues.

He Jiting and Ren Xiangyu won their doubles match with a 2-0 score. The victory helped secure a win for the Chinese team. The match was described as clean and decisive. The pair is expected to perform well in subsequent knockout stages.