[Saipem wins $1.25 billion onshore and offshore contracts in Middle East] Saipem has secured US$1.25 billion worth of onshore and offshore contracts in the Middle East. The first group deals with the extension of onshore drilling contracts in the Middle East with a total value of approximately US$600 million. The award relates to a ten-year extension of existing contracts for four onshore drilling rigs located in the Middle East. Editor/Xing Wentao

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• 2026.05.08 14:03
• [China's fertilizer leader will build new energy and new materials projects]
• Recently, Xinyangfeng, a leading producer of phosphate compound fertilizers, plans to invest 6.2 billion yuan in Jingmen, Hubei Province to lay out phosphate based new energy and new material projects. The project will be divided into two major areas, Dongbao and Zhongxiang, and will construct production capacity facilities for lithium iron phosphate and supporting facilities, as well as fine phosphate chemical industry. Since 2021, the enterprise has transformed into new energy and new materials, forming a dual main business development pattern, and the existing iron phosphate production line operates stably. In 2025, the company's revenue, sales of phosphate compound fertilizers, and iron phosphate will all achieve steady growth, and its operating performance will be outstanding.Editor/Gong Ziwei

• 2026.05.08 11:55
• [Zhongjin Lingnan Semiconductor Substrate Project to Mass Produce by 2026]
• Zhongjin Lingnan's performance in the first quarter of 2026 was impressive, with significant year-on-year growth in revenue and net profit. The company's annual production of 860000 high-purity semiconductor substrates project is progressing smoothly, with construction starting in 2023. Currently, it has entered the trial production stage and is expected to officially enter mass production in the second half of this year. The total investment of the project is 424 million yuan, covering three major categories of gallium arsenide, indium phosphide, and germanium. Relying on independent core technology, after production, it will fill the gap in domestic high-end substrate production capacity, break the overseas monopoly, and become a new performance growth point for the enterprise.Editor/Gong Ziwei