Mobvoi 2024 Annual Results Announcement ACN Newswire

Mobvoi 2024 Annual Results Announcement

HONG KONG, Mar 29, 2025 - (ACN Newswire via SeaPRwire.com) - Mobvoi (02438.HK) (hereinafter referred to as “the Group”) released its 2024 annual results report. The Group's pure software product, AIGC, generated a revenue of over RMB220 million (unit: RMB, the same below), representing a year-on-year growth of 88.5% compared with 2023, and has truly achieved pure software, high gross profit and internationalization.In terms of total revenue, for the year ended December 31, 2024, the Group's revenue amounted to RMB390.3 million, representing an increase of 6% as compared to the corresponding period in 2023 (after deducting the revenue from the IP arrangement of Automobile Subsidiary A). Of which, revenue from AIGC solutions amounted to RMB221.7 million, revenue from AI solutions amounted to RMB16.4 million and revenue from smart devices and other accessories amounted to RMB152.2 million.Pure Software Product AIGC Revenue Exceeds RMB220 Million, Realizing Sustainable Growth of AIGC Business ModelAs the Group's core business, the AIGC business has maintained strong growth in recent years. This is attributable to the Group's proactive adjustment of its business and revenue strategy away from increasing traditional AI project-based revenue (such as the business of Automobile Subsidiary A) and fully engaging in the sustainable growth of pure software AIGC productization business. For the years ending December 31, 2021, 2022, 2023 and 2024, AIGC revenue amounted to RMB6.8 million, RMB39.9 million, RMB117.6 million and RMB221.7 million respectively, accounting for 1.7%, 8.0%, 23.3% and 56.8% of the Group's total revenue respectively. It is worth mentioning that the Group's AIGC business grew by 88.5% year-on-year compared to 2023, truly achieving pure software, high margins and internationalization, and the Group has become the “No. 1 AIGC Company”.The growth of the AIGC business is attributable to the Group's pioneering technologies and the increasingly rich application of AIGC products. 2024 saw the Group's continuous efforts in the areas of AI intelligences, big models and digital people, and the formation of a complete matrix of AIGC products: AI dubbing assistant “Moyin Workshop” (the overseas version of “DupDub”), AI digital human doppelganger “Weta365” (the overseas version of “LivGen”), an enterprise AI interactive digital employee generation platform “AI Ask365”, and an AI video creation platform “Yuan365”, etc.Meanwhile, with business refinement, operational capability and brand influence further enhanced. As of December 31, 2024, the Group's AIGC will have more than 10 million registered users and more than 1 million paid users, and will continue to provide services to users from China, North America, Europe, Southeast Asia and other parts of the world.Adhering to the strategy of “product and model integration”, constantly breaking through the boundary of innovation“Product and model integration” has enabled AI application companies to increase their modeling capabilities. The Group is one of those companies that have taken “product and model integration” as a strategic guideline to build data and product barriers on the basis of advanced models (such as “Sequence Monkey” and DeepSeek).On the one hand, “product and model integration” can greatly improve efficiency, self-developed models can quickly respond to their own product needs, cost savings, private customization; on the other hand, the “data flywheel” effect can be formed, through the data to promote the product and the model of the dual self-iterative.From the model level, the Group insisted on model capability iterations in 2024, leading industry breakthroughs in AI intelligences, voice, digital people, video and images.For example, the Group has continuously upgraded the technology of its voice model engine, which has now been iterated to the seventh generation (TicVoice 7.0), and after applying it to “Moyin Workshop” and “DupDub”, not only does the product have supernatural voice cloning and cross-language generation capabilities, but also can be customized to meet the needs of users with boutique-exclusive voices.In the field of digital human, the Group released WetaAvatar 4.0, AI video dubbing and WetaAvatar 4.0 Talking Photo in 2024, which further upgraded Weta365's capabilities. “The case video of Weta365's cooperation with Yiwu Small Commodities once dominated New York's Times Square. In the future, both parties will bring better technical services to over 65,000 small merchants, truly enabling business without boundaries.In the area of AI intelligent bodies, the Group has continued to make in-depth efforts in the area of AI Agent and has landed a product that integrates big model, embodied intelligence and AI Agent, “Xiaoqian Mobile Digital Man”. It has a flexible and mobile body that can realize intelligent following, self-defined route cruising and intelligent obstacle avoidance. At the same time, it is equipped with leading models such as ““Sequence Monkey”” and “DeepSeek” to realize intelligent Q&A.In the future, the Group will continue to adhere to the core strategic anchor of “product and model integration” and promote the deep integration of technology and scenarios, so as to become a global benchmark practitioner of synergistic innovation between products and models.Continuing to build overseas products and focusing on globalized ecological layoutThe Group has a strong overseas gene and has accumulated valuable global business development experience, sales team and media resources during the early years of its hardware overseas products.In 2024, on the one hand, the Group upgraded its overseas AI dubbing product “DupDub”, which was highly recognized by creators from around the world. On the other hand, the Group launched “LivGen”, a one-stop digital human generation platform, which not only brings the ultimate creative experience to creators, but also helps enterprises build “24-hour AI staff without borders” with its rich digital human images and multilingual advantages, thereby realizing cost reduction and efficiency enhancement.In addition to building global products, the Group also focuses on global ecological deployment, and has become partners with international companies such as NVIDIA, Google, Qualcomm, DingTalk, Hicloud and Tencent Cloud to help the industry's ecological development.Fully embrace the AIization of organizations and be the forerunner of the smart business eraThe Group believes that “Organizational AI” will become the core path of enterprise evolution. In this regard, the Group will continue to promote the dual leap of organizational and product AI.Relying on its own technology, the Group will allow AI to penetrate into the operation and management of the organization through data infrastructure, the establishment of Agent workflow, and organizational transformation, so as to enhance the collaboration between AI and human beings, and allow AI to promote the innovation of production relationship and exponentially increase productivity.Looking ahead, the Group will build an AGI-driven future with its “product and model integration” strategy, a healthy and sustainable business model, and an open global ecosystem that anchors long-term value. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Dynasty’s Profit Attributable to Owners of The Company Increases by 57% ACN Newswire

Dynasty’s Profit Attributable to Owners of The Company Increases by 57%

Financial Highlights (Audited)(HKD Thousand)Year ended 31 December20242023ChangeRevenue271,372262,801+3%Gross Profit104,72090,666+16%Profit Attributable to Owners of the Company33,44021,338+57%Gross Profit Margin39%34%+5 p.p.Basic Earnings per Share (HK cents)2.371.62+0.75HK centsHONG KONG, Mar 29, 2025 - (ACN Newswire via SeaPRwire.com) - Dynasty Fine Wines Group Limited (“Dynasty” or “the Group”) (Stock Code: 00828), a premier grape winemaker in China, today announced its audited annual results for the year ended 31 December 2024 (“the Year”).In 2024, due to the improvement of sales benefited from the gradual economic recovery and continuous innovation in product and consumption scenarios of the Group, the revenue of the Group increased by 3% year-on-year to HK$271 million. And due to other gains arising from emoluments of certain former directors waived of approximately HK$12.2 million, the Group’s profit attributable to owners of the Company increased by 57% year-on-year to HK$33.4 million. Earnings per share of the Company (the “Share”) was HK2.37 cents per Share. The Board recommends resumption of dividend distribution and a final dividend of HK 0.35 cents per share for the year 2024.Sales of white wine products grew well over the year and served as the Group’s primary revenue contributor. Sales of red and white wines products accounted for approximately 41% and 56% for the year (2023: red and white wines: approximately 52% and 44%). The gross margin of red wine products and white wine products in 2024 were 37% and 41% respectively (2023: 32% and 38% respectively). The overall gross profit margin increased to 39% in 2024 (2023: 34%), mainly due to control in production costs and reduction in certain reimbursement of market expenses under sales arrangement during the year.The Group completed the development of the first phase of Tianxia Winery and its ancillary premises, located in the Pigeon Hill Wine Cultural Tourism Town in Qingtongxia City, Ningxia, in the third quarter of the year. The winery is situated nearby Eastern foothill of Helan mountain, Ningxia, which is one of the key quality grape producing regions in the PRC. It integrates pressing, fermentation, processing, testing and research and development as a whole, with an annual production and processing capacity of 5,000 tonnes. Pressing, fermentation, processing facilities had a pre-run in the third quarter of the year. The winery will become a new long-term and stable economic growth point of the Group and help the regional presence and layout of Dynasty wines, as well as aligning with the overall planning and industry planning for the development of China’s wine industry.During the year, the Group approved the set up of two joint venture companies, which have been established in February 2025, for the manufacturing and sales of yellow wine and Chenpi wine in Dongtai City, Jiangsu Province, the PRC and trading of sauce-flavour baijiu products nationwide respectively. For the yellow wine project, construction of a manufacturing plant with a tank capacity of 3,000 tonnes of yellow wine and special yellow wine – Chenpi wine in Jiangsu will be kick-started by the joint venture company in the first half of 2025. The plan starts with special yellow wine – Dongtai Chenpi Wine with a goal to effectively expand product categories, seize development opportunities in the Chinese yellow wine industry, and achieve a major strategic move towards high-quality development of the wine industry. For the sauce-flavour baijiu segment, Dynasty Group’s strategic involvement in this field is an attempt to break through the current wine category innovation. By integrating upstream and downstream related parties to jointly establish a new company, we construct a business model of benefit sharing, risk sharing, continuous cooperation and innovation mechanism. Dynasty sauce-flavour baijiu products, namely ‘Han’, ‘Tang ’, ’Song ’ and ‘Ming ’ are newly launched to the market, satisfying the needs of customer groups with different spending habits and contributing to the Group’s business. In the future, the continuous development and expansion of the sauce-flavour baijiu industry and the enduring improvement of the level of customer groups will inevitably and effectively drive the increase in the sales scale of Dynasty wine and related products, thereby enhancing our industry influence and brand awareness.The Group has been actively pursuing innovation, embracing the “5+4+N” product strategy, with “N” standing for developing various customised products and continuously creating new products to meet the diverse needs of different Chinese consumer groups. During the year, the Group launched a new high-end product, i.e.Dynasty Chinese Zodiac Commemorative Dry Red Wine for the Jia Chen Year of Dragon, integrating the high quality wine with the Chinese zodiac culture and the leading rise of Chinese-style fashionable products. In addition, based on its existing high-quality products, the Group continues to introduce new products and promote product upgrades. It launched a new product, Inherit Series “Passing on the Glory, Continuing the Brilliant Heritage”, at the 110th China Food & Drinks Fair in March 2024, as well as other new products launched in the year such as Long Yun Series, Cabernet Reserve, etc., to further improve its product matrix and provide consumers with diverse consumption choices. With leading and well-proven technologies it prides, the Group carried out comprehensive upgrade of its production techniques, packaging design, etc. With China chic on the rise, the new upgraded design is set to resonate with Chinese consumers who are proud of their culture, help strengthen awareness of the Dynasty brand and attract mainstream consumers fancying China-made products and China chic.In addition to enriching the product matrix, the Group has been accelerating the innovation of consumption scenarios and enhancing and strengthening the wine cultural experience. In June and July 2024, Dynasty Starry Wine Bars were officially opened in Tianjin, the base of Dynasty. Starry Wine Bar is a pop-up offline bar meticulously designed by Dynasty to innovate the product experience, meet the diversified needs of consumers, and create new consumption scenarios in the country. It is committed to making consumers feel the warmth of the brand and recognise the value of the brand, thereby attracting more consumers through innovation. During the year, the Group continued to develop the “Dynasty Tavern” through online channels, creating a series of product promotion articles on the WeChat official account of Dynasty Wines, and promoting Dynasty’s major mainstream products using new media formats. In addition, it integrated the night market environment to expand various wine drinking scenarios and promote Dynasty’s younger products.Regarding online sales, the e-commerce team of the Group comprehensively operates online stores itself on the traditional ecommerce platforms, such as JD.com , Tmall and Pinduoduo for product sales, as well as comprehensive innovation on its brand, product categories, and business systems, procedures and models via interest-based e-commerce platforms, including Rednote , Kuai and TikTok during the year. The Group continues investing resources in a timely manner for improvement of the online sales channels and optimisation of online stores interface so as to capture the change of customer consumption behaviour in the PRC. During the year, the Group kept promoting the exclusive products series for e-commerce platforms through channels such as live streaming or broadcasting, in addition to mere presence on mainstream traditional e-commerce platforms which kept growing. Efforts have been made by the Group to consolidate the existing channels and improve their effectiveness as well as the profitability on its interest-based e-commerce coverage. Thus, the e-commerce sales consolidated with a certain decrease during the year, but a prominent improvement has been made with an overall profit achieved when compared with last year. The Group believes that the online platforms not only serve as business-to-customer trading platforms between the Group and the consumers, but also additional marketing and promotion channels for the brand, which can enhance the overall business potential of the Group.Mr. Wan Shoupeng, Chairman of Dynasty, concluded, “Looking ahead to 2025, the Group will continue to focus on market and consumer demand, reinvent consumption scenarios and promote product quality. At the same time, the Group will continue to innovate marketing strategies to stimulate brand vitality, further expand the market share of Dynasty’s products, strengthen Dynasty’s brand image as a representative of domestic wines. The Group will further strengthen presence in Ningxia and Xinjiang to secure the supply of quality grapes and grape juice. Following the completion of Tianxia Winery (Phase I) in Ningxia, related new quality wines brewed from locally sourced premier grapes and grape juice will be launched, heeding different market and consumer demands. In addition to our commitment to core wine business in the PRC, the Group will further develop new alcoholic beverages segments such as sauce-flavour baijiu, yellow wine and special yellow wine - Chenpi wine, through the newly set up joint venture companies in 2025, so as to diversify the sources of revenue. In view of the continual resumption of economic growth and consumption in the PRC, the Board currently remains cautiously optimistic on the business in 2025. The Group will continue to proactively develop new marketing prospects through innovation in products categories and consumption scenarios, and cross-industry co-operations in order to boost sales volume, which is in line with the country’s effort to promote domestic consumption and release the consumption growth potential.”About Dynasty Fine Wines Group LimitedDynasty Fine Wines Group Limited was listed on the Main Board of The Stock Exchange of Hong Kong Limited with the stock code 00828 on 26 January 2005. Founded in 1980, Dynasty is the premier grape winemaker in China. It is principally engaged in the production and sale of grape wine products under its reputable “Dynasty” brand. Dynasty is the first Sino-foreign joint venture wine company in China with Tianjin Food Group Limited and the French grape wine giant, Remy Cointreau, as its current major shareholders. The Group produces and sells more than 100 grape wine product series, and introduces imported wine products, providing high-quality and value-for-money grape wines to the full range of consumer groups in China. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Tavo Makes Local Debut with Maeve, Singapore’s First Pet Car Seat Tested Against Children’s Safety Standards ACN Newswire

Tavo Makes Local Debut with Maeve, Singapore’s First Pet Car Seat Tested Against Children’s Safety Standards

SINGAPORE, Mar 27, 2025 - (ACN Newswire via SeaPRwire.com) - Say hello to Tavo, the new name in pet mobility that is about to revolutionise the way pets travel. From the creators of Nuna, the globally renowned Dutch premium baby gear, Tavo makes its highly anticipated debut in Singapore with the Maeve™ 3-in-1 Pet Protection System, the first pet car seat in Singapore rigorously tested against international children’s safety standards.Drawing upon Nuna’s decades of safety innovation in baby gear, Tavo applies the same high standards of safety and innovation to pet travel. Designed for modern “pawrents” seeking enhanced protection, confidence, and peace of mind, Tavo redefines pet mobility by seamlessly combining premium materials, timeless aesthetics, and unmatched functionality—because pets deserve the same level of safety and comfort as our little ones.In a city where pets are truly family, Singapore’s pet-loving community continues to grow, with 34% of Singaporeans owning a pet and an increasing demand for safer, high-quality, and more comfortable pet travel solutions. Tavo is shaking up the pet mobility space with a first-of-its-kind travel system that fuses safety, functionality, and aesthetics, promising innovation and security on each journey with your cherished companion."We believe pets are members of the family. Nuna has dedicated years to pioneering innovation in child safety, and now, we're excited to extend that commitment to our four-legged companions with Tavo," said Austin Hodges, Global Chief Marketing Officer at Nuna Baby. "Our goal for providing the best in safety and comfort knows no bounds, whether it's for your little one or pets."Helen Johnson, Marketing Director at Tavo adds, “Protection is what makes the Maeve such a must needed product for pet owners. Not only does it protect your pet, but it also protects others traveling with you, it reduces distractions, keeps your car clean and fur-free, and offers a comforting cocoon for every journey.”Maeve™ 3-in-1 Pet Protection System: Where Safety Meets Thoughtful DesignBringing a new level of protection and convenience to pet owners on the move, the award-winning1 Maeve™ Pet Protection System offers an all-in-one solution for pets—whether furry, scaly, young, or senior—designed to keep them secure and comfortable at home, in the car, or on a walk. The 3-in-1 Pet Protection System includes:Maeve Carrier: A secure, well-ventilated pet carrier crafted with plush interiors and breathable mesh panels for comfortVehicle Base: An integrated secure locking mechanism using ISOFIX and dynamic stability controls, ensuring pets stay safe on the roadRoscoe™ Foldable Stroller Frame: A sleek and lightweight frame designed for effortless mobility, with refined details for a polished finishAt the core of the Maeve™ Pet Protection System is an unwavering commitment to safety through cutting- edge engineering and technology. Unlike traditional pet carriers, the Maeve™ system is benchmarked against the latest United Nations ECE R129 child restraint regulations, setting a new global standard for pet protection. Rigorously crash-tested at dynamic testing facilities, it incorporates shock-absorbing technology and impact-resistant materials, safeguarding pets while shielding vehicle occupants against sudden stops and collisions.In addition, the system also boasts ergonomically engineered attachment points and a smart harness integration that work in harmony to prevent accidental escapes, enhancing overall security, and providing a level of confidence that truly redefines the standard of care on the road.The Maeve™ with ISOFIX base starts at S$699, available in five luxe colourways: Onyx, Fawn, Merle, Sable, and Brindle. There are also coordinating options for the Roscoe stroller frame, which is accented with vegan leather details in black, cognac, and chocolate, for combining form and function for an elevated travel experience. The stroller frame can also be purchased separately, and features a compact fold for easy storage.The full collection is now available at iShopChangi, with additional pet protection travel gear launching soon.Following its successful launch in over 22 countries, Tavo is set to redefine pet mobility in Singapore with a commitment to safety, quality, and thoughtful craftsmanship. As the brand looks to expand further into the region in the coming months, it will continue to pave the way for a new era of pet travel – where protection meets effortless style.1 Winner of Red Dot Product Design Award 2024, European Product Design Award (EPDA) 2024 – Top Design in Pet Supplies: Safety About NunaNuna, the global brand with Dutch roots, has been focusing on creating smart, helpful and bold baby gear since 2007. First-hand experiences in parenthood show that practicality and beauty is the perfect balance when it comes to Nuna's clever solutions that span across car seat, stroller, and in-home categories. Inspired by the clean lines and ingenuity of Dutch design, the collection is as easy, safe, and as flexible as new parents need it to be. With thoughtful design put into every detail, Nuna designs around your life. Find out more at https://nunababy.com/sg.About TavoTavo is a revolutionary pet protection brand from the makers of Nuna Baby, created to redefine pet travel with a perfect blend of safety, style and innovation. With premium materials, timeless aesthetics, and rigorous safety testing, Tavo provides pets and their people with perfect travel experiences. Whether you're on a daily outing or an extended journey, Tavo ensures your pet travels safely anywhere. To learn more about Tavo, visit https://tavopets.com/sg/. Press ContactFor media queries, please contact:PRecious Communications for Tavotavopets@preciouscomms.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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DPC Dash – Domino's Pizza China 2024 Full-Year Performance Soars: Strategic Deepening and Efficiency Improvement Forge Profit Milestone

HONG KONG, Mar 28, 2025 - (ACN Newswire) - China's consumer market has shown strong resilience, driven by policy guidance and demand release. In 2024, domestic consumer market vitality strengthened as consumer enthusiasm grew steadily, and experts predict that consumption will maintain a trend of stable growth in 2025. Against this backdrop of steady growth in the consumer market, DPC Dash – Domino’s Pizza China released its full-year earnings results on March 27, 2025, reaffirming its leading position in the Chinese pizza market with an impressive report card that combines scale and quality. In 2024, DPC Dash, Domino's Pizza's exclusive master franchisee in the China Mainland, the Hong Kong Special Administrative Region of China, and the Macau Special Administrative Region of China, achieved sustainable growth and profitability in the promising Chinese pizza market driven by its 4D strategy: Development, Delicious Pizza at Value, Delivery, and Digital. The company's annual revenues reached RMB4.31 billion, a year-on-year increase of 41.4%, and adjusted net profit surged 1,394.2% year-on-year, with the Company achieving both positive annual as-reported and adjusted net profit for the first time. Strategic Deepening: Full-Chain Competitiveness from Store Network to Digitalization DPC Dash’s growth momentum stems from its continuous deepening of the 4D strategy. In terms of store network development, the company adopted a "go deeper, go broader" store network strategy, with a net increase of 240 stores throughout the year and nearly 90% of new stores located in cities outside of the top tier, bringing the total number of stores to over 1,008, covering 39 cities in mainland China. The accelerated expansion of the store network reflects DPC Dash's strong confidence in seizing market opportunities. According to Frost & Sullivan data, DPC Dash ranked second in pizza sales nationwide in 2024. As of December 31, 2024, the Chinese mainland market ranked as the third-largest Domino's Pizza international market by store count. At the beginning of 2025, the Company’s entry into six new cities, including Nanchang and Yantai, further expanded the national market layout, demonstrating the company's ongoing commitment to its expansion strategy. DPC Dash announced plans to open approximately 300 new stores in 2025. From early 2025 to March 14, 2025, it has opened an additional 82 stores, with 26 stores under construction, and 62 stores signed, securing 56% of its annual opening target and placing the Company firmly on track to complete the high-quality store expansion plan on schedule. Meanwhile, new stores in new cities are showing strong sales momentum, gradually enhancing the brand's influence. The Shenyang debut store set a new global record with approximately RMB11.1 million in revenue during its first month. The payback periods for the 80 new stores that opened in 18 new cities between December 2023 and December 2024 average 12 months. As of early 2025, DPC Dash holds all 40 top positions in Domino's global system for first 30-day sales, proving the brand's explosive appeal in mainland Chinese cities. Both store-level and company-level profitability indicators have significantly improved, with store-level operating profit and store-level operating profit margin continuing to grow, while adjusted net profit improved nearly tenfold. A robust product portfolio and operational efficiency synergy combine to provide another growth engine for DPC Dash. Through innovative combinations of 30 pizza varieties and approximately 20 crust options, DPC Dash accurately captures local consumer preferences, driving repeat purchases among young customers with various popular crusts. Due to high dine-in and carry-out demand in new markets, the Company suspended delivery services temporarily at some locations to meet consumers’ needs, with plans to gradually resume them at appropriate times, which also provides a potential source of future growth. Relying on central kitchens and a digital delivery system, DPC Dash’s "30-minute delivery" and supply chain efficiency optimization not only ensures user experience but also drives store-level operating profit margin up to 14.5%. A breakthrough in digital capabilities is another highlight. In 2024, the company won several awards, including the Best Digitalization Award (Food and Dining Category) at the 15th Tiger Roar Awards and Top 20 Digitalized Enterprise by CDIE 2024. The digital-driven order system and refined operations of over 24.5 million members continuously improve labor efficiency and store efficiency. Classic promotional activities such as “Crazy Tuesday & Wednesday" and "Mega Week (BOGO)" on its self-operated online ordering channels in select cities, along with multiple limited-time brand collaboration activities with Tencent, NetEase and others, further enhanced consumer goodwill and strengthened consumer-brand interaction in 2024. Additionally, the intelligent transformation of the supply chain infrastructure will gradually reduce costs, providing underlying support for profitability improvement. Industry Resonance: Positioning in the Hundred-Billion Market, Globalization and Localization Progress Together DPC Dash’s explosive growth is closely intertwined with the release of industry dividends. According to data from industry research reports, the scale of China's pizza market is expected to reach RMB60.8 billion in 2025 and exceed RMB77.1 billion in 2027, with a compound annual growth rate of 15%. The online market opportunities are opening up incremental space for leading brands. In 2022, the online share of China's pizza industry surpassed offline at 58.1%, and the industry will further accelerate its digital transformation. DPC Dash continues to expand its market share with its first-mover advantage in the digital delivery system. The combination of global resources and localized innovation further strengthens its competitive advantages. Backed by the brand reputation and R&D experience of over 21,300 Domino's Pizza stores worldwide, the company can bring a global experience through signature products while offering localized flavors for Chinese consumers. This “international gene plus local operation" model creates a dual moat in brand recognition and product adaptability. Future Blueprint: Dual Symphony of Scale Expansion and Deepening Efficiency In 2024, DPC Dash successfully opened its 1,000th store in Chengdu, Sichuan, marking an important milestone in the company's development history. Standing on the milestone of its first thousand stores, DPC Dash is accelerating towards the next stage. Recognition from the capital market also injects confidence into the Company’s sustainable development . In 2024, it was selected as a constituent stock for the Hong Kong Hang Seng Composite Index, and included in both the Shanghai-Hong Kong Stock Connect Program and the Shenzhen-Hong Kong Stock Connect Program. DPC Dash was also included in New Fortune's "2024 Best Hong Kong Listed Companies" ranking, and received the 2023 Best IPO Award from China Financial Market 2024 and other accolades. Since its IPO in 2023, as of the date of this article, the Company's stock price has risen nearly 120% from the issue price of HK$46, with a market capitalization exceeding HK$13 billion. Its liquidity has also significantly improved. As industry concentration increases and consumption upgrade trends deepen, DPC Dash, with its strategic determination and execution capabilities, is positioned to continue to lead in the hundred-billion market, writing a new chapter of steady growth.
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HKTDC Export Confidence Index 1Q25 ACN Newswire

HKTDC Export Confidence Index 1Q25

HONG KONG, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - The findings of the 1Q25 HKTDC Export Confidence Index showed confidence among Hong Kong exporters has risen moderately, despite the sizable tariff hikes imposed by the US on its trading partners around the world.In specific terms, the Current Performance Index (a measure of actual performance for the quarter in question) rose by 1.8 points to 52.1. Equally reassuringly, the Expectation Index (a measure of confidence in likely performance in the coming quarter) was up by 1.0 points to 51.0. Both readings were above the watermark level of 50, which can be taken as confirming general optimism with regard to future export prospects.Given the likely impact of the series of higher tariffs imposed by the US in the last two months, the HKTDC has slightly adjusted its 2025 Hong Kong export growth forecast from 4% to 3%. There remains a downside risk to the forecast given the uncertainty over any future escalation in global trade tension.Commenting on the revised forecast and the 1Q25 findings, Irina Fan, Director of HKTDC Research, said: “It’s a testament to the resilience of Hong Kong’s export sector that growth is still indicated. While export business may be growing at a moderately slower rate than had been initially anticipated, there are still many reasons to be optimistic.”“This is partly down to the agility and flexibility many Hong Kong exporters have demonstrated in terms of strategies for future-proofing their business activities.”From the findings of the 1Q25 survey, it is clear a range of strategies, including diversifying sourcing, expanding into new markets and the relocation of production lines, have been very much front-of-mind for many of Hong Kong’s export-oriented businesses. These moves, it is believed, will help enterprises mitigate the adverse effects of any current or future protectionist measures.Overall, despite a more challenging global trade backdrop, it was encouraging to note the majority of survey respondents (75.4%) remained confident their 2025 net profit margins would either rise or remain stable. This was notably higher than the 72.1% of respondents expressing the same sentiment in 4Q24, while also being the highest such figure for 12 months.In terms of market prospects, uncertainties over its trading stance have inevitably clouded the general views of the US. Tellingly, the Current Performance figure for the country was 47.8, with its 3.1 point quarter-on-quarter decline taking it below the watermark level of 50 for the first time in 12 months.Exporter sentiment, however, remained largely positive when looking beyond the US market, particularly with reference to Mainland China, the EU and the ASEAN bloc. In all, the Current Performance Index reading for Mainland China was up 6.7 points to 59.0 (compared to 4Q24) while the comparable finding for the EU was up 3.8 points to 50.1. The reading for the ASEAN bloc (56.4), meanwhile, remained solidly in expansionary territory.Nicholas Fu, Senior Economist, said “A similar pattern was in evidence in the case of the Expectation Index. This saw Mainland China up 3.0 points to 55.7, followed by the ASEAN bloc (53.0) and the EU (52.7). The US was again down, falling by 4.3 points to hit a one-year low of 46.7.”In terms of more general findings, Jewellery (at 53.1 points) was the most upbeat industry sector with regard to 1Q25 Current Performance, followed by Electronics (52.3) and Timepieces (51.2). In terms of Expectation, Jewellery (54.4), Equipment/Materials (52.6) and Timepiece (51.1) exporters were most optimistic as to their likely future performance.AppendixThe HKTDC Export Confidence Index has been designed to provide a comprehensive overview of Hong Kong exporter sentiment. It comprises two primary / overall indices, one of which gauges the Current Performance with regard to the surveyed quarter, while the other considers Expectation for the upcoming quarter. The findings of both indices are based on a weighted average of five sub-indices – Sales and New Orders, Trade Value, Cost, Procurement, and Inventory.Full details of the methodology / definitions relating to the HKTDC Export Confidence Index can be found in the Appendix section of the full quarterly report.ReferencesHKTDC Export Confidence Index 1Q25: Export Confidence Improves Despite Growing Trade TensionsHKTDC Research websitePhoto download: bit.ly/3QMQHmUHKTDC Director of Research Irina Fan (left) and Senior Economist Nicholas Fu (right) announced the HKTDC Export Confidence Index for the first quarter of 2025 at a press conference todayHKTDC Director of Research Irina FanHKTDC Senior Economist Nicholas FuMedia enquiriesPlease contact the HKTDC’s Communication and Public Affairs Department:Fraser LiAgnes WatTel: (852) 2584 4369Tel: (852) 2584 4554Email: fraser.li@hktdc.orgEmail: agnes.ky.wat@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Kristof Schoffling’s Move Digital Leads Global Tech Transformation in 2025 with Breakthroughs in AI, Blockchain, and Robotics ACN Newswire

Kristof Schoffling’s Move Digital Leads Global Tech Transformation in 2025 with Breakthroughs in AI, Blockchain, and Robotics

Mahe, Seychelles, Mar 27, 2025 - (ACN Newswire via SeaPRwire.com) - Move Digital Limited, led by tech entrepreneur and strategist Kristof Schöffling, has unveiled an ambitious roadmap for 2025, solidifying its position as a global leader in artificial intelligence, blockchain, and robotics innovation.With operations across Monaco, Thailand, Tokyo, Sydney, and Hong Kong, Move Digital is delivering on its mission to integrate advanced technology into daily life - long before mainstream adoption.A Vision for 2025 Built on Proven ExecutionKristof Schöffling, a serial entrepreneur with over 15 years of experience and several successful tech exits, has developed a reputation for recognizing transformational trends before they become global movements. Under his leadership, Move Digital has evolved from a blockchain innovator into a world-class firm delivering AI-powered consumer applications, elite consulting for family offices, and cutting-edge robotics manufacturing."Artificial intelligence should never be a concept locked in boardrooms or labs," says Schöffling. "Our mission at Move Digital is to bring intelligent solutions into everyday lives, enabling convenience, freedom, and efficiency for all demographics."AI for the Real WorldMove Digital's AI division is now rolling out globally distributed applications that simplify daily routines, boost productivity, and enhance user experience across demographics. These solutions are designed to demystify AI and make its value tangible for businesses, households, and institutions.Strategic Consulting for Family Offices & Global InvestorsRecognizing a sharp uptick in demand for trusted tech advisors, Schöffling has expanded Move Digital's footprint into strategic consulting for family offices and high-net-worth individuals. The firm now works with legacy investors in financial capitals such as Monaco, Tokyo, Bangkok, and Hong Kong - helping them navigate AI strategy, digital transformation, and blockchain innovation."AI is no longer a playground for tech firms. It's a fundamental economic asset," says Schöffling. "Whether you're overseeing a global portfolio or operating a legacy business, integrating AI is now a matter of staying competitive."Robotics: Move Digital's Next FrontierIn 2025, Move Digital is entering the robotics space with production facilities under development in Vietnam and China. These facilities will produce intelligent household robots powered by modular AI systems and connected digital infrastructure.Forecasts project the global robotics market to grow from $46 billion in 2024 to over $169 billion by 2032. Move Digital aims to lead this charge with innovative products that bring automation into private homes and elevate the quality of daily living.Public Sector Engagement & InnovationIn addition to his private sector success, Kristof Schöffling plays a key role in advising governments on emerging technology adoption. As Trade Commissioner of Vanuatu to Thailand, he contributes to initiatives around blockchain strategy and CBDC implementation - bridging public and private sector goals for a tech-driven future.About Kristof SchöfflingKristof Schöffling is a renowned technology leader, known for his early adoption of blockchain, AI, and decentralized systems. With a strategic footprint in Monaco, Thailand, and across Asia-Pacific, Schöffling is recognized globally for transforming emerging technology into high-impact solutions. Whether searched as Kristof Schöffling, Kristof Schoffling, or Kristof Schoeffling, his work consistently ranks among the most relevant and forward-looking in tech innovation.About Move Digital LimitedMove Digital Limited is a global technology firm delivering AI-powered applications, high-end consulting for family offices, and robotics manufacturing focused on household automation. With a vision to make advanced technologies accessible, Move Digital continues to redefine the intersection of technology and real-world utility.Media Contact:Brand: Move Digital LimitedContact: Kristof SchöfflingWebsite: https://movedigital.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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Kyrgyzstan is Developing Its Own Crypto Hub: A7A5 Stablecoin Listed on the Regulated Exchange Meer Exchange ACN Newswire

Kyrgyzstan is Developing Its Own Crypto Hub: A7A5 Stablecoin Listed on the Regulated Exchange Meer Exchange

Bishkek, Kyrgyzstan, Mar 27, 2025 - (ACN Newswire via SeaPRwire.com) - Kyrgyzstan continues to solidify its position as a regional crypto hub. The country is advancing its digital asset regulation, testing legal frameworks, and launching licensed platforms. One of the key steps in this direction is the launch of A7A5 - a stablecoin pegged to the Russian ruble within the cryptocurrency ecosystem. The token was issued by the Kyrgyz company Old Vector, in full compliance with local regulatory requirements and with the support of the Kyrgyz government.One of the world's leading crypto hubsAs part of the strategic course set by the country's president, Kyrgyzstan has adopted a comprehensive package of laws regulating the cryptocurrency market. For the first time, the country has introduced full legislation on digital assets, covering all major aspects of the industry - from exchanges to token issuers. This has created a new institutional infrastructure that did not previously exist in the market.Among the unique innovations is the mechanism for registering token issuances under official state supervision. Regulators ensure that token emissions comply with regulatory requirements, have fiat backing, undergo regular audits, and meet obligations to token holders. In essence, Kyrgyzstan provides one of the most transparent and secure tokenization models in the world.The first issuance of A7A5 (mint) was carried out in complete accordance with the new national legislation - under the control of regulatory authorities and directed to an officially registered, regulated broker.The A7A5 token is now available for trading on the regulated exchange Meer Exchange and is expected to be listed on decentralized platforms in the future. Its fiat backing is stored in bank accounts, and its volume is audited by an independent firm on a quarterly basis. The key advantage of A7A5 is the opportunity to earn up to 20% annually, driven by its link to the refinancing rate of the Central Bank of the Russian Federation and additional income strategies in DeFi.For those seeking an alternativeThe digital asset market is moving toward the integration of traditional finance with decentralized technologies. The emergence of stablecoins has enabled users to:Transition from volatile crypto assets to stable currencies without leaving the blockchain ecosystem.Trade freely against the dollar - the world's primary reserve currency.Participate in DeFi protocols, with the potential to earn quasi-fixed income - returns close to fixed.However, despite the overall growth of the segment, stablecoins denominated in other currencies are still in their early stages.Currency diversity? Not yetAlthough the segment has seen significant capitalization, stablecoins other than the dollar still have very limited trading volumes:USDT - exceeds $60 billion per day.USDC - around $6 billion.Stablecoins in euros (e.g., EURT, agEUR) rarely exceed $5–10 million in daily trading volume.Stablecoins in yen and yuan are almost non-existent on major exchanges and DeFi protocols.Stablecoins in emerging market currencies (rubles, reais, rupees, etc.) are virtually absent from the crypto market.This limits the potential for building robust currency strategies, including FX and carry trades, which are at the core of the global financial market with a daily volume exceeding $7 trillion.What's preventing carry trade in crypto?To execute a traditional carry trade strategy in the digital space, several key elements are still missing:Recently, one of the most popular strategies in the global market was the "dollar-yen" trade: borrowing in JPY at a low interest rate and investing in USD. Today, DeFi does not offer the option to borrow in yen or any other currencies to utilize carry trade opportunities, making this scenario unfeasible.The reverse strategy - borrowing in dollars within DeFi - is possible, but there is no infrastructure to invest in assets from emerging markets with fixed returns or to hedge currency risk using derivatives.A7A5: The SolutionThe launch of A7A5, followed by its listing on both CEX and DEX, marks the first step in expanding the range of tools available to crypto investors, including:Participation in income strategies involving assets from emerging markets.The ability to hedge currency risks using derivative instruments.Synthetic and direct participation in RWA (Real-World Assets) through digital infrastructure.A7A5 is designed for investors who are ready to leverage next-generation technologies to achieve higher returns, given the limited alternatives in the world of traditional finance.The listing on Meer Exchange ensures liquidity, transparency, and institutional access to a new class of digital assets tied to the Russian economy and emerging markets.Social LinksX: https://x.com/A7A5officialTelegram: https://t.me/A7A5officialLinkTree: https://linktr.ee/a7a5officialMedia ContactBrand: A7A5Contact: Media teamWebsite: https://a7a5.io/ Copyright 2025 ACN Newswire via SeaPRwire.com.
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Wuling Motors (00305.HK) Achieves a Surge of 115.6% in the Net Profit Attributable to Shareholders for 2024

HONG KONG, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - Wuling Motors (00305.HK), a leading manufacturer of automotive components and commercial vehicles assembly in China, announced its full-year results for 2024 on March 25. Driven by the increased proportion of sales from high-margin products in the automotive components and other industrial services division, Wuling Motors recorded a net profit of approximately 111 million yuan (RMB, same hereinafter) for 2024, representing a 60.2% year-on-year increase. The profit attributable to the owners of the company surged by 115.6% year-on-year to 50.62 million yuan.Core Business Growth Exceeds Expectations with Multiple Notable Breakthroughs in Incremental MarketsIn 2024, Wuling Motors achieved revenue of 7.95 billion yuan, with the automotive components and other industrial services division, the vehicles’ power supply systems division, and the commercial vehicles assembly division accounting for 69%, 22% and 9%, respectively.Specifically, the automotive components and other industrial services division recorded revenue of approximately 5.46 billion yuan. The increase in the proportion of high-margin product sales, coupled with higher government subsidies, led to an operating profit of approximately 154 million yuan, representing a 68.3% year-on-year surge.In 2024, Wuling Motors focused on deepening its existing business with its key customer - SAIC-GM-Wuling, while actively expanding externally. It successfully secured component supply transactions for multiple new vehicle models, serving as the exclusive supporting supplier for products such as electric seat switches and combination switches.Meanwhile, Wuling Motors pursued multiple breakthroughs in external markets, actively expanding its power battery product offerings and securing incremental market opportunities with OEMs such as Dongfeng Mengshi, FAW Jiefang, Chery Automobile, and Geely Automobile.A newly constructed and operational base in Jingmen, Hubei has seized the opportunity presented by Great Wall Motor’s production ramp-up to maintain rapid growth. In 2024, the base achieved revenue of approximately 729 million yuan, representing an exceeded 100% year-on-year increase; In terms of product development, the company completed the expansion of its second ultra-high-strength steel tube thermoforming production line within the year and successfully secured incremental customer orders from Great Wall Motor and BYD.Furthermore, Wuling Motors has successively undertaken the production of SAIC Maxus rear axles, BYD FinDreams Powertrain spiral bevel gears, and Dola Vehicle subframes, among other components, with the cumulative production and sales volume of new energy vehicle rear axles exceeding 1.5 million units. At the same time, Wuling Motors has actively capitalized on emerging opportunities in the new energy supporting market, successfully developing and optimizing products such as the new generation of new energy electric rear axles, integrated three-in-one motors and electric control systems, range extenders, power supply systems, and differential locks. Multiple new energy electric car axles have been successfully supplied for the electric drive axle and range extender projects of Great Wall Motor, JAC, and others. Notably, the first commercially deployed axial electric drive axle for the Changan Kaicene market has entered mass production.For the automobile power supply systems business, the division’s revenue for 2024 was approximately 1.74 billion yuan. Throughout the year, the power supply systems division maintained proactive communication with customers and enhanced its ability to manage planned orders, taking measures to reduce inventory and improve efficiency while ensuring customer demand was met. The casting business broke through adversity, continuing to expand its growth points, and successfully securing new market supply orders from the customer Changyuan Hero City, with the division’s total casting sales reaching 1.18 million units for the year, representing a 25% year-on-year increase.In addition, relying on the project platform management advantages, Wuling Motors’ power supply systems business focused on core projects such as the H15TD+DHT hybrid assembly architecture platform, the integrated three-in-one electric drive system, and high-pressure casting, to promote the construction of new energy projects with customers such as Skyworth, DFLZ, Zoomlion, and Senptec Electronics. It actively developed the new energy customer market with companies such as JAC, YC SIMLAN, Hebei Zhongxing, Geely Farizon, Chery Commercial Vehicles, Xpeng Motors, and Leapmotor. At the same time, it seized opportunities in overseas markets, with a focus on advancing projects such as the LJ481Q6 matching JAC M4 export (to Gulf countries), the overseas CLT flexible fuel hybrid project, and the Wuling Technology MSR project, to lay a solid foundation for overseas development.The commercial vehicles assembly business recorded a revenue of approximately 718 million yuan in 2024. Benefiting from the implementation of cost control measures, the operating profit reached approximately 75.92 million yuan. In line with the company’s strategy, the division continued to seek business breakthroughs in high-value-added niche markets.The development of the new energy vehicles business from the joint venture Wuling New Energy was favorable in 2024, achieving sales of over 14,000 units, a year-on-year increase of over 41%, and generating revenue of 1.02 billion, a year-on-year increase of 29.5%. Within the year, Wuling New Energy launched multiple products, and the Golden Mini Truck, which was launched in November, ranked third in the market for micro-small trucks with single rear wheels, positioning it among the top in the commercial vehicle market. Overseas, more than 800 units were exported to Japan and South Korea, representing a 58% year-on-year increase.Fully Supporting the Group’s Automobile Industry Ecosystem through New Growth Engines Created by Transformation and UpgradingWhile actively developing its core business, Wuling Motors is also undergoing continuous transformation and upgrading to expand into new businesses and foster new growth momentum. In 2024, Wuling Motors increased its investment in R&D to accelerate the development of its new energy business. The company also established an innovation center in Hong Kong and signed cooperation agreements with Hong Kong Polytechnic University, The Chinese University of Hong Kong, and the Hong Kong Applied Science and Technology Research Institute’s XR intelligent project to build an innovation ecosystem.2025 marks the inaugural year of the “LINXYS Project”, formulated by Guangxi Automobile Group Co., Ltd., the parent company of Wuling Motors, for the entire group. Guangxi Automobile Group plans to increase investment between 2025 and 2027 to fully promote the development blueprint centered around the “LINXYS Project” and the “131 Strategy”.The “131 Strategy” refers to 1 complete vehicle brand – the creation of the “Linxys” new energy vehicle brand; 3 national-level manufacturing champions: the national champion in small and medium displacement energy-efficient hybrid power systems, the national champion in lightweight drive axles, and the national champion in automotive frames; 1 automotive industry ecosystem: an automotive ecosystem led and operated by Guangxi Automobile Group.Mr. Yuan Zhijun, Chairman of Wuling Motors’ board of directors, stated, “The company will actively cooperate with Guangxi Automobile Group to accelerate the implementation of the ‘Linxys Project’ plan, speed up the conversion and application of scientific research results, improve the product portfolio, enhance product quality, actively expand domestic and overseas markets, and provide users with more valuable and environmentally friendly products. Under the leadership of the ‘Linxys Project’, the company is confident in achieving stable and positive operating results to allow shareholders to share in the development achievements.” Copyright 2025 ACN Newswire via SeaPRwire.com.
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Nissin Foods Announces 2024 Annual Results ACN Newswire

Nissin Foods Announces 2024 Annual Results

Highlights- While revenue dipped 5.5% in the first half, it remained nearly flat year-on-year, with a notable 4.6% growth in the second half, primarily driven by a strong focus on noodle sales.- Recognition of one-off non-cash impairment-related charges of HK$135.9 million reflects the Company’s proactive approach to managing financial risks. Adjusted EBITDA grew to HK$612.5 million year-on-year.- Completed the acquisition of Gaemi Food in Korea and ABC Pastry in Australia to capitalize on reshaped global supply chains and consumption patterns.- Proposed a final dividend of 9.63 HK cents and a special dividend of 6.19 HK cents per share, totalling 15.82 HK cents per share, subject to shareholder approval.HONG KONG, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - Nissin Foods Company Limited (“Nissin Foods” or the “Company”, together with its subsidiaries, the “Group”; Stock code: 1475) has announced its annual results today for the year ended 31 December 2024.The Group recorded revenue at HK$3,811.9 million. Although revenue fell 5.5% in the first half, it remained nearly flat year-on-year, with a 4.6% increase in the second half, largely due to strong noodle sales. Gross profit increased by 0.7% to HK$1,312.1 million, with gross profit margin increased by 0.4 percentage points to 34.4% in 2024 from 34.0% in 2023. The increase in gross profit margin was mainly attributable to the optimisation of fixed costs led by the increase in sales volume of instant noodles.Profit attributable to owners of the Company decreased by 39.1% year-on-year to HK$201.0 million, representing the net profit margin of 5.3% for the year, mainly due to the recognition of non-cash impairment-related charges of HK$135.9 million, primarily consisted (i) impairment loss on property, plant and equipment relating to eight less profitable production facilities under complementary business such as long life noodles, non-fried noodles, and frozen food in Mainland China and Hong Kong, (ii) impairment loss on property, plant and equipment and right-of-use assets of the leasehold property for warehouse use in Hong Kong, and (iii) impairment loss on goodwill and intangible assets of the distribution business in Mainland China. These one-off non-cash expenditures did not impact the Group’s cash flow, operations, or liquidity. This recognition reflected the Company’s proactive approach to managing financial risks and aligning asset values with current market conditions. The Group’s basic earnings per share for the reporting period was 19.26 HK cents. At the Adjusted EBITDA level, the Group increased by 0.8% to HK$612.5 million from HK$607.8 million in 2023, representing the Adjusted EBITDA margin of 16.1% for the year (2023: 15.9%).The Board recommends a final dividend of 9.63 HK cents per share and a special dividend of 6.19 HK cents per share, totalling 15.82 HK cents per share, representing a total dividend payout ratio of 82.1% for the year. The Group’s financial position remained healthy, with net cash of approximately HK$1,402.5 million and HK$820 million in available banking facilities as at 31 December 2024.Review & Prospects of Different Business RegionsDuring the year, revenue from the Hong Kong and other regions operations increased by 1.8% to HK$1,539.9 million, mainly due to growth in sales of instant noodles in Hong Kong and other regions operations, offsetting the drop in frozen food business. Segment results rose by 4.4% to HK$88.9 million due to the consolidation of newly acquired businesses in Korea and Australia. Meanwhile, the Mainland China operations recorded revenue of HK$2,272.0 million for the year, with segment results at HK$328.5 million, mainly attributable to the higher production cost in the second half of the year.In Hong Kong, the Group adhered to its premiumisation strategy and launched new products to drive growth. The Group continued rolling out new SKUs, such as the Demae Iccho’s Spicy Series, and various new flavours under the "Nissin Raoh", "Nissin U.F.O", "Fuku" and "Doll" brands. The Group expanded the sales channels of the “Kagome” business in different regions, along with seasonal product launches. Various new flavours in the low-fat Nissin Yogurt series were added to penetrate the market. Also, a brand-new product Nissin Chocolate Potato Chips was launched, offering a rich, crunchy and savory-sweet taste experience.For overseas markets, the Group has continued to expand its non-noodle business to diversify its portfolio. The Group completed the acquisition of Gaemi Food, a manufacturer of crispy roll snacks, being a top national brand in the domestic crispy roll market in Korea. Its business achieved a satisfactory performance and solid growth. Also, the Group completed the acquisition of ABC Pastry, a leading manufacturer of frozen dumplings which are either company-branded or third-party branded in Australia, enabling the Group to diversify its business portfolio and broaden its income sources. In addition, Nissin Vietnam business achieved an excellent performance during the year. The Company proactively explored and expanded different sales and distribution channels in the domestic market with a focus on the youth segment to bolster its growth. New bag-type noodles products such as Mi tron NISSIN Spaghetti and Mi Cay NISSIN Thai Tom Yum were rolled out.In Mainland China, premium bowl-type noodles Nissin Donbei Kitsune Handmade Style Bowl Udon (Fresh Type) and Nissin Donbei Tempura Handmade Style Bowl Udon (Fresh Type) were launched to cater to the needs of consumers for good value items. To further enhance publicity and brand awareness, the Company made different promotional efforts, including the collaboration with a Japanese anime named "Blue Lock" for a crossover involving Cup Noodles, the promotion on social networking sites such as Red Note and the participation of a food exposition in Shanghai. Also, Nissin Koikeya Potato Chips achieved a good performance during the year as the distribution channels continued to expand. Green juices series successfully attracted the attention of health-conscious customers with vending machines availability further increasing product exposure.Looking ahead, embracing change for prosperity, the Company is strategically expanding its premium product range to cater to consumer preferences while also diversifying its business portfolio and product lines to adapt to increasing health consciousness and broaden its revenue streams. Leveraging its solid foundation and strong presence in Hong Kong and Mainland China, the Company also continued its geographical expansion into Taiwan, Korea and Australia, broadening the income base and generating additional sales.Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, “In 2024, we witnessed significant changes in the global economy, geopolitics, international trade, the business environment and consumer behaviour. These changes created both opportunities and uncertainties. Under these changing dynamics, the Group managed to record notable growth in the second half of the year, primarily driven by its core noodle business. Moreover, we have remained dedicated to continuous product upgrades and cost optimisation to improve operational efficiency.”“We remain cautiously optimistic about the long-term business development in local and overseas markets. Building on our solid foundation and pursuing a well-diversified product portfolio and the premiumisation strategy, we are well-positioned for ongoing revenue and earnings growth in the coming years, as well as expanding our business with increasing brand recognition across geographical boundaries.”About Nissin Foods Company LimitedNissin Foods Company Limited ("Nissin Foods”, together with its subsidiaries, the “Group”; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China, with a diversified portfolio of well-known and highly popular brands, primarily focusing on the premium instant noodle segment. The Group officially established its presence in Hong Kong in 1984 and is the largest instant noodle company in Hong Kong. The Group primarily manufactures and sells instant noodles, high-quality frozen food products, including frozen dim sum and frozen noodles, and also sells and distributes other food and beverage products, including retort pouches, snacks, mineral water, sauce and vegetable products under its two core corporate brands, namely “NISSIN” and “DOLL” together with a diversified portfolio of iconic household premium brands. The Group’s five flagship product brands, namely “Cup Noodles”, “Demae Iccho”, “Doll Instant Noodle”, “Doll Dim Sum” and “Fuku” are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the “ECO Cup” concept and primarily focuses its sales efforts in first-and second-tier cities. In addition, Nissin Foods operates business in other regions including Vietnam, Taiwan, Korea and Australia markets.Nissin Foods is currently a constituent of five Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Composite SmallCap Index, Hang Seng Composite Industry Index - Consumer Staples, Hang Seng SCHK Consumption Index and Hang Seng SCHK Consumer Staples Index. Nissin Foods is eligible for trading under Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect.For more information, please visit www.nissingroup.com.hk. Copyright 2025 ACN Newswire via SeaPRwire.com.
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VCREDIT 2024 Annual Results: Steady Development Driven by Digital Intelligence ACN Newswire

VCREDIT 2024 Annual Results: Steady Development Driven by Digital Intelligence

HONG KONG, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - VCREDIT Holdings Limited ("VCREDIT" or the "Group"; stock code: 2003.HK), a leading independent online consumer finance provider in China, announced its annual results for the year ended 31 December 2024.In 2024, despite a complex and severe external environment, ongoing international trade frictions and multiple challenges, China’s economy remained relatively stable. Policy measures were implemented to drive a steady economic recovery. Although consumer demand is still in recovery, there has been an increase in consumer willingness, and the consumer market is showing signs of gradual improvement. The Group actively adjusted its operating strategies, strengthened risk control, improved operating efficiency, and continued to strengthen its business framework. For the full year 2024, loan origination volume in the Chinese mainland reached RMB 55.75 billion. In 2024, the Group continued to optimize its risk models, innovate products and services, and improve technological standards, maintaining its focus on higher-quality borrowers. While pursuing financial technology innovation and risk control tightening, the Group also emphasized protecting the consumer rights and personal data security of its borrowers, proactively addressing regulatory developments in the industry. Total Income was RMB 3.93 billion, with Adjusted Net Profit recorded at RMB 480 million approximately. The Board has recommended the payment of a final dividend of HK 20 cents per share.Driving innovation through technology while upgrading operations through digital smart platformThe Group further deepened the application of artificial intelligence (AI) technology in risk management, covering core processes including customer segmentation, modeling, underwriting and collections, significantly improving the precision and efficiency of risk identification. At the same time, by continuously optimizing multi-source scorecards and strategy models, the Group improved the robustness of risk management. In addition, the continuous optimization of approval processes and the refinement of risk control strategies also helped the Group steadily increase the approval volume of new customers, driving significant growth in the user base and injecting new momentum into business expansion.In the first half of 2024, the Group has officially launched the AI large model ‘Sunbird AI Hub’, and deployed it across several aspects of business. With the help of AI technology, the Group completed a further iterative upgrade of the core risk control system Hummingbird to maintain the performance of our rules engine. In relation to data security and user privacy protection, the Group introduced AI large models to analyze APP privacy policy texts, ensuring compliance of data collection.Actively expanding high-quality customer acquisition channels and continuously optimizing user experience across all aspectsThe Group is committed to expanding high-quality customer acquisition channels. In the second half of 2024, the Group entered into a cooperation agreement with a leading domestic fintech platform. At the same period, the Group reconstructed the operational map for new customers, designing differentiated interaction methods, contact means, and strategies for new customers. Through these measures, the Group successfully achieved closed-loop management of customer acquisition and new customer operations, further improving the operational efficiency of new customers. As of 31 December 2024, the Group's cumulative registered users reached 158 million, a year-on-year increase of 9.7% compared to 2023.Apart from acquiring new high-quality customers, the Group continued to optimize its operational strategy for existing users, upgrading services at various points in the business process, shortening loan disbursement times, and reducing user operation paths, successfully optimizing the user experience. In 2024, repeat borrowers accounted for 85.9% of the total loan volume.Empowering a collaborative financial ecosystem and jointly strengthening consumer rights protectionAs of the end of December 2024, the Group has established long-term relationships with 110 external funding partners, including national joint-stock commercial banks, consumer finance companies and trust funds, etc., thus growing a rich and diversified funding pool. Through the construction of the VCREDIT fund management platform system, the Group can more effectively manage its capital needs, strengthen the whole life-cycle management of funding partner co-operation, and steadily reduce the cost of funds.VCREDIT has extended its technological solutions to the funding partners, expanding the digital alliance through its in-house developed ‘Kunlun Mirror Intelligent Risk Control System’ which leverages standardized risk control models based on credit data to conduct intelligent risk identification. This system also enables joint modeling to meet the personalized risk control needs of the funding partners, providing them with comprehensive credit risk management solutions. Furthermore, the Group has deepened the cooperation with funding partners in loan monitoring and consumer rights protection.Outlook In order to contribute to further growth in consumer finance business and fulfil the financial needs of high-quality customers, the Group will continue to hone business strategies and upscale technology. In addition to growing the existing consumer finance business in China, the Group will also look to expand and diversify its business strategies by investing or collaborating in or acquiring similar, related, or complementary businesses and industries in other jurisdictions including Hong Kong, South-East Asia and Europe. The Group will continue to review potential investment opportunities and business prospects on a constant basis and make suitable investments and acquisitions as opportunities occur.In addition, the Group intends to continue to execute these strategies to maintain its growth in the industry, including streamline and extend its credit solutions to better serve its customers to improve brand recognition and loyalty and creditworthiness of its customer base; enhance risk management capability through deployment of evolving technology and AI; strengthen long-term collaborations with licensed financial institutional partners and other business partners; ensure its business is conducted within applicable regulatory parameters to achieve regulation-centric sustainability; review and assess potential business prospects and invest or collaborate in or acquire similar, related or complementary businesses and industries in China and other jurisdictions; cultivate a dynamic enterprise value and culture and grow its in-house talents.About VCREDIT Holdings LimitedVCREDIT Holdings Limited (VCREDIT) facilitates loans between financial institutions and individual customers -- connecting borrowers (consumers, sole proprietors, and SME owners) with financial institutions. We identify customers in need of financing by collaborating with diverse customer acquisition channels such as DSP advertising platforms. Afterwards we match financial institutional funds to creditworthy borrowers in real time through our proprietary digital technology and AI models. We take measures to articulate key information such as loan interest rates, repayment terms to borrowers. We also take care of client repayment management, thereby maintaining trust between borrowers and financial institutions.Website: https://en.vcredit.com/en-usFor enquiries, please contact Burson: Wing Chan / Vivien Li Tel: (852) 9518 4326 / (852) 6464 8269 Email: vcredit@hkstrategies.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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VMF Focuses on Addressing Marketers’ Top Priorities ACN Newswire

VMF Focuses on Addressing Marketers’ Top Priorities

MANCHESTER, UK, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - Vibe Marketing Tech Fest will take place in Manchester on July 10, 2025, and brings industry leaders to answer the pressing questions on every marketer’s mind.Convenience comes with price, and consumers agree. Consumers are discerning, they are willing to pay more for brands that align with their values, and share more data with brands that promise to offer more personalised experiences. Brands need to keep up or be left behind. The customer’s journey is anything but linear, and the marketer’s role to navigate these market forces is increasingly complex.But there are more challenges–with inflationary pressures, marketing and advertising spend is under severe scrutiny. Business stakeholders are keen to know where marketing dollars are being spent, if they are being optimised, and how to fine-tune that growth engine.The opportunity of artificial intelligence and generative AI to further alter the dynamics of the marketing leader’s role is a key concern. What does it mean for tomorrow’s leaders, and what skills does one need to drive business in the immediate future?Vibe Marketing Tech Fest promises to address these burning questions and more. Founded in 2018, VMF is one of the world’s largest and most influential marketing tech conferences.“The balance between privacy and personalisation is a burning issue that brands need to tackle head-on. Customers are poised to align with brands that are transparent and committed to fairness. We want to take on the tough questions that marketing leaders are faced with. VMF will explore how businesses can navigate this highly competitive landscape and set them up for long-term sustainable growth,” says Sanjay Swamy, Director at Martechvibe, the media company organising VMF.VMF 2025 will cover themes like:Overcoming barriers to deliver hyper-personalisationIncreasing ROI on martech investmentsMaximising first part data in a privacy era Reducing churn, and driving higher CLV Speakers like Scott Brinker, Sir Martin Sorrell, Brian Solis, Neil Patel, Darell Alfonso, Fernando Machado, David Raab, Rob Bloom, and Steve Lok have delivered rich sessions in the previous editions of the summit.This year’s speakers include David Raab, Owner of Raab Associates and Founder at CDP Institute, Aadil Mukhtar, Head of Marketing - Growth & Technology at United Rugby Championship, Adam Azor - EVP, Global Marketing at sportradar, Adam Mills - Head of Insight, Loyalty & Strategy at The Wine Society, Charlotte Flemming - Senior Marketing Manager at Prime Time, Ian Irving - Lead SEO & ASO Specialist at BBC, Jessica Cooke - Director of Media & Loyalty at Stonegate, Karla Zaldivar - Global Social Media Insights Manager at Booking.com, Mohamed Jhummun - Head of Personalisation at Scale at Pepsico, Jamie Allen - Head of Marketing at Mettle, Emily Latham - Head of Marketing Technology Portfolio at CarWow, Sabrina Godden-Tuma - Global Creative Director at Vodafone, Anne Lathowers - Head of Growth Marketing & Communication at E.ON One, Victoria Kerr - Head of Marketing, EMEA & APAC at Uber, Gareth Maritz - Director of Marketing - Change, MarTech, Partnerships, Measurement & Effectiveness at Flutter, and many more.For more information, visit Vibe Marketing Tech Fest 2025.About VMFFounded in 2018, Vibe Marketing Tech Fest (VMF) is one of the world’s largest and most influential marketing tech conferences. It is the premier gathering for marketing, technology, product, CRM, revenue, and CX leaders. Designed to explore the latest trends, strategies, and cutting-edge tools shaping the marketing landscape, VMF serves as the ultimate platform where marketing pioneers connect with technology innovators.Join industry leaders as they network, exchange insights, and redefine the future of marketing through the power of technology.Media contact:Mrunalini Polmrunalini@vibeprojects.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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Innovation Beverage Group’s Bitters Captures 45% Market Share in Australia Driven by 2024 Sales Growth ACN Newswire

Innovation Beverage Group’s Bitters Captures 45% Market Share in Australia Driven by 2024 Sales Growth

SEVEN HILLS, AUSTRALIA, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - Innovation Beverage Group Ltd, ("IBG" or the "Company") (Nasdaq:IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, announced today that sales of its Australian Bitters Company line of bitters increased by approximately 5% year-over-year in the twelve months ended December 31, 2024. Driven by this sales momentum, Australian Bitters Company has captured a 45% market share in Australia, the second largest national market for bitters worldwide and the highest market share in Australia that the Company has achieved to date."We're very proud of having captured significant market share away from long-established brands in the growing Australian bitters market. This is a testament to our exceptional flavor and value which continue to drive consumer brand awareness and loyalty," stated IBG's Chairman and Interim CEO Sahil Beri. "Continued growth in Australia is a strong indicator of our bitters' potential as we are set to expand marketing, sales, and distribution of our Australian Bitters Company line in the U.S., the largest bitters market in the world."IBG's flagship product, Australian Bitters Company, hand crafted in small batches in Australia from the finest natural botanical herbs and spices, won the Gold Medal at the Los Angeles Spirts Awards in 2018. BITTERTALES, the Company's premium cocktail brand, won Best in Show and a Platinum Medal at the 2020 LA Spirits Awards, and a Gold Medal at the 2018 and 2021 LA Spirits Awards. IBG's bitters brands are produced at its state-of-the-art U.S. FDA and GMP certified facility in Australia and shipped worldwide.About Innovation Beverage GroupInnovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG's brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG's most successful brand to date is Australian Bitters, which disrupted a 200-year-old market leader, giving the Company a market dominating position in several territories including a partnership in Australia with Coca-Cola Europacific Partners. Established in 2018, IBG's headquarters, distillery, innovation, and manufacturing facility are located in Sydney, Australia with a U.S. sales office is located in New Jersey. For more information visit: https://www.innovationbev.com/Forward Looking StatementThis press release contains "forward-looking statements" and "forward-looking information." This information and these statements, which can be identified by the fact that they do not relate strictly to historical or current facts, are made as of the date of this press release or as of the date of the effective date of information described in this press release, as applicable.The forward-looking statements herein relate to predictions, expectations, beliefs, plans, projections, objectives, assumptions, or future events or performance (often, but not always, using words or phrases such as "expects," "anticipates," "plans," "projects," "estimates," "envisages," "assumes," "intends," "strategy," "goals," "objectives" or variations thereof or stating that certain action events or results "may," "can," "could," "would," "might," or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) and include, without limitation, statements with respect to projected financial targets that the Company is looking to achieve.All forward-looking statements are based on current beliefs as well as various assumptions made by and information currently available to the Company's management team. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections, and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution any person reviewing this press release not to place undue reliance on these forward-looking statements as several important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions, and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur.The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Company or on behalf of the Company except as may be required by law.Contact:TraDigital IRJohn McNamara917-658-2602John@tradigitalir.comSOURCE: Innovation Beverage Group Copyright 2025 ACN Newswire via SeaPRwire.com.
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Multi-Billion-Dollar Global Sports Brand U.S. Polo Assn. Launches in Australia ACN Newswire

Multi-Billion-Dollar Global Sports Brand U.S. Polo Assn. Launches in Australia

WEST PALM BEACH, FL AND SYDNEY, AUSTRALIA, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - U.S. Polo Assn., the official brand of the United States Polo Association (USPA), is proud to announce its launch in the Australian market alongside its brand partner Brand Machine Group (BMG). This entry further enhances the multi-billion-dollar brand's global presence and expands U.S. Polo Assn.'s reach into yet another new and exciting market.U.S. Polo Assn.U.S. Polo Assn. recently launched its Australian retail website www.uspoloassn.com.au with seamless access to the brand's iconic collections, showcasing the fusion of classic and contemporary style that aligns with how Australians live, work, and play. Website orders are now being fulfilled directly from the new Sydney warehouse throughout Australia and New Zealand."With over 40 years of experience in the market, BMG has been an outstanding partner for U.S. Polo Assn. in the U.K. and other European territories," said J. Michael Prince, President and CEO of USPA Global, the company that manages and oversees the multi-billion-dollar U.S. Polo Assn. brand. "As we celebrate 135 years of sport inspiration, we are confident that our partnership with BMG in the Australian market will support the global growth of the brand and deliver exceptional styles for our fans and consumers.""Australia's fashion retailing market continues to grow and evolve with new trends, changing consumer tastes, and new technologies. U.S. Polo Assn. looks to be a part of the evolution of fashion in the region through this market launch, by supporting the sport, and bringing that authentic connection to the sport of polo to Australia," Prince added.BMG has established a dedicated operation in Australia, led by Kevin Cliffe, Country Manager, from a state-of-the-art 220-square-meter showroom in Sydney. The new team encompasses sales, logistics, e-commerce, and customer service, ensuring a strong foundation for growth."Entering the vibrant Australian market demonstrates yet another significant milestone for U.S. Polo Assn. and for BMG's ongoing journey to revolutionize the e-commerce and retail landscape," said Boo Jalil, CEO of Brand Machine Group. "As one of the world's most popular brands, U.S. Polo Assn. is now ideally poised to reach even more consumers than ever before in this unique and trendsetting Australian market."About U.S. Polo Assn. and USPA GlobalU.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in North America, founded in 1890 and based at the USPA National Polo Center in Wellington, Florida. This year, U.S. Polo Assn. celebrates 135 years of sports inspiration alongside the USPA. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,200 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. Historic deals with ESPN in the United States and Star Sports in India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, NBA, and MLB, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global and digital growth. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world.For more information, visit uspoloassnglobal.com and follow @uspoloassn.USPA Global is a subsidiary of the USPA and manages the global, multi-billion-dollar U.S. Polo Assn. brand. Through its subsidiary, Global Polo Entertainment (GPE), USPA Global also manages Global Polo TV, which provides sports and lifestyle content. For more sports content, visit globalpolo.com.About Brand Machine Group (BMG)BMG is an international leader in fashion innovation which has established itself as a vertical manufacturer and global licensing specialist with over four decades of industry experience. Partnering with recognized market leaders, BMG manages a seamless and collaborative process of designing, manufacturing, and delivering quality products while championing the DNA of a diverse portfolio of brands. Spanning fashion, sports, outdoor, and homeware, including adult fashion, kidswear, and accessories.BMG's portfolio of brands includes U.S. Polo Assn. Penfield, New Balance Kids, Duchamp, Jack Wills, Flyers American Born, Lee Kids, Peckham Rye, Wrangler Kids, Juicy Couture and Franklin & Marshall. BMG reaffirms its commitment to upholding sustainable and ethical business practices by ensuring full transparency throughout its global supply chain, aligning with the ETI Base Code. Visit www.brandmachinegroup.com and follow @brandmachinegroupContact InformationGina DigregorioMarketing Director (U.K.)gina.digregorio@brandmachinegroup.com+44 (0) 2039 593 330Stacey KovalskyVice President, Global PR and Communications (U.S.)skovalsky@uspagl.com+001.561.790.8036SOURCE: U.S. Polo Assn. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Asia’s airports take the lead at inter airport Southeast Asia 2025 kicks off the conference, driving conversations on the future of airport operations and passenger experience ACN Newswire

Asia’s airports take the lead at inter airport Southeast Asia 2025 kicks off the conference, driving conversations on the future of airport operations and passenger experience

Set to welcome 4,000 airport professionals, 150 international exhibitors, 4 dynamic pavilions, and 53 speakers from 66 countries and regions, IASEA 2025 is poised to shape the future of airport operations and passenger experience throughout the next 3 daysSINGAPORE, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - The much-anticipated inter airport Southeast Asia (IASEA) 2025 has officially opened today at Marina Bay Sands, Singapore, bringing together key airport industry stakeholders, global solution providers, and leading experts to shape the future of airport operations and passenger experience.Themed “Airport Operations for Tomorrow”, conversations surrounding these topics are especially crucial as the aviation industry is witnessing rapid transformation and projected global passenger traffic to reach 19.5 billion by 2042.Day 1 morning highlights: Keynotes and expert insightsThe opening day of IASEA 2025 set an exciting tone with thought-provoking discussions and visionary insights from industry leaders. The fireside chat on 'Reshaping Global Airport Operations', led by Patrick Ky, CEO, International Centre for Aviation Innovation (ICAI) and moderated by Glory Wee, Senior Director, Aviation Development Group, Civil Aviation Authority Singapore (CAAS), discussed the fundamental shift they anticipate airport operations will face and how airports must evolve to balance the imperatives of efficiency, resilience, and sustainability. When asked to share one game-changing technology that will redefine the industry, Patrick Ky shared that “innovation that drives data sharing will be key”, but that would require many regulatory aspects and willingness from airports to share with each other. This would take time, but it is key to building a stronger future. “It is clear from our discussion that in order to reshape airport operations, it is not just about technological advancements but also about setting standards, data integrity, collaborations, and sharing best practices. Above all, the industry needs to work towards building trust with partners and eco-system players,” said Glory Wee, Senior Director, Aviation Development Group, Civil Aviation Authority Singapore (CAAS). At the show, leading airports, including Narita International Airport Corporation, and Airports Corporation of Vietnam (ACV), presented case studies highlighting their technological integrations, regional growth strategies, and efforts to meet rising demand while enhancing passenger experience. Shinichiro Motomiya, General Manager, Narita International Airport Corporation, presented the ‘New Narita Airport’ expansion project for the 2030s, which includes extending an existing runway, constructing a new runway, improving connectivity into the city, building a new cargo area, and consolidating this into a single terminal to accommodate the expected increase of passenger capacity from 57 to 75 million and cargo capacity from 2.4 to 3.5 million tons at Narita International Airport.Separately, Vietnam’s aviation sector is experiencing rapid growth, with domestic travel projected to increase by over 20% from 2023 to 2027. To meet this soaring demand, Nguyen Dang Minh, Director of Airport Operations Department, Airports Corporation of Vietnam (ACV), shared ACV’s master plan to develop a robust and resilient airport network by 2050. By 2030, ACV will equip 30 airports across the country with a combined capacity to handle 275.9 million passengers and 4.1 million tons of cargo annually. By 2050, the network will expand to 33 airports (14 international and 19 domestic), ensuring that 97% of the population has access to an airport within 100 kilometres. The total investment for this extensive development is estimated to reach 420,000 billion VND.At the heart of this transformation is the Long Thanh International Airport project, positioned as a key national aviation hub and one of the most ambitious infrastructure projects in the region. The project is divided into three phases:Phase 1 (2025): Complete Terminal 1 with two runways and a cargo terminal, which will have the capacity to handle 25 million passengers.Phase 2 (2025-2030): Construction of Terminal 2, which will increase the airport’s capacity to 50 million passengers.Phase 3 (2035-2040): Two additional runways (T3 and T4 Terminals), reaching a total capacity of 100 million passengers.This year’s IASEA 2025 welcomes a delegation of leaders from major international airports in Vietnam, including Long Thanh International Airport—one of the world's most expensive greenfield airport projects—Noi Bai Airport, Danang Airport, Cat Bi Airport, Phu Quoc Airport, and Cam Ranh International Terminal.Mr. Nguyen Cao Cuong, Deputy General Director, Airports Corporation of Vietnam (ACV), shared during his opening remarks, “Under the direction of the Prime Minister of Vietnam, ACV's delegation at this expo is actively seeking high-quality, potential partners in technology, equipment, and airport operations to collaborate in accelerating the completion of Long Thanh, ensuring it meets the highest international standards. This show is not only a valuable opportunity for ACV to explore cutting-edge technologies and advanced management models but also a chance for all of us to discuss strategies for the collective growth of airport networks in Southeast Asia."What to look out for in IASEA 2025?Over the course of three days, groundbreaking discussions and innovations are taking centre stage, redefining efficiency, sustainability, and automation in ground handling and airport logistics. Today marks a significant milestone for CW Aero Services as the company announces the signing of a Memorandum of Understanding (MOU) with Goldhofer AG to become a Hub for Goldhofer GSE product lines in the Asia Pacific region. As part of this strategic partnership, CW Aero Services will not only promote Goldhofer GSE products within Singapore, Malaysia, Brunei, and the Philippines but also provide comprehensive support services. This includes the commissioning of new GSE deliveries, repair and maintenance work, and the supply of spare parts, ensuring seamless and efficient operations for customers in the region. This collaboration represents more than just a contractual agreement—it is a commitment by CW Aero Services to drive the growth and adoption of Goldhofer products and services across the Asia Pacific. By leveraging its expertise and regional presence, CW Aero Services aims to make a meaningful impact on the ground support equipment landscape in the region.Industry leaders are unveiling next-generation solutions designed to optimise airport operations, enhance energy efficiency, and streamline airside activities. One of the most highly anticipated product debuts comes from FastCharge GSE. The company launched the Enatel eGSE Charger – a cutting-edge charging solution designed specifically for electric ground support equipment (eGSE) – earlier this month, which was one of the first few times the product was showcased to the public. With a world-leading 97.6% efficiency, the charger minimises energy waste, optimises charging times, and reduces vehicle downtime, setting a new benchmark in airport electrification.Meanwhile, Oshkosh AeroTech has introduced two cutting-edge electric ground support vehicles to the Asia market at IASEA 2025 – the LEKTRO 88i electric aircraft tug and the B80 electric pushback tractor – that are designed to enhance airport efficiency, sustainability, safety, and reduce operational costs. The B80 pushback tractor, specifically, was built for heavy-duty operations, delivering high torque, all-wheel drive, and advanced energy management for efficient pushbacks of both narrow-body and wide-body aircraft. As the event unfolds, industry professionals can expect more exclusive product showcases, expert-led conference sessions, and networking opportunities that shape the future of airport operations across Asia.All trade professionals attending inter airport Southeast Asia 2025 will be granted free access to the exhibition and conference floors. For the latest information on inter airport Southeast Asia, please visit the event website, LinkedIn, or Facebook pages. About inter airport Southeast Asiainter airport Southeast Asia influences and accelerates the transformation of the airport industry in Asia by crafting a unique, 3-day airport trade show for the region.Every odd year, buyers and decision makers from the airports, airlines, ground handlers and the entire Airport community in Asia attend inter airport Southeast Asia to source and experience from the most diverse selection of innovations, technology and equipment for airport terminals and ramp operations.Whatever your strategy or needs - this is the place to be for business, friendship and new trends.25-27 March 2025Marina Bay Sands, Singaporewww.interairport-southeastasia.comAbout RX RX is a global leader in events and exhibitions, leveraging industry expertise, data, and technology to build businesses for individuals, communities, and organisations. With a presence in 25 countries across 42 industry sectors, RX hosts approximately 350 events annually. RX is committed to creating an inclusive work environment for all our people. RX empowers businesses to thrive by leveraging data-driven insights and digital solutions. RX is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. For more information, visit www.rxglobal.com. About RELXRELX is a global provider of information-based analytics and decision tools for professional and business customers. RELX serves customers in more than 180 countries and has offices in about 40 countries. It employs more than 36,000 people over 40% of whom are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York stock exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.*Note: Current market capitalisation can be found at http://www.relx.com/investorsMedia contacts (on behalf of RX)Carolyn Kok (carolyn.kok@fifthring.com)Chloe Lim (chloe.lim@fifthring.com) Copyright 2025 ACN Newswire via SeaPRwire.com.
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Genes Tech Group Announces 2024 Annual Results ACN Newswire

Genes Tech Group Announces 2024 Annual Results

2024 Annual Results Highlights- Total revenue reached approximately NTD931.96 million- Profit for the year attributable to owners of the Company amounted to approximately NTD24.28 million- Revenue from turnkey solutions reached approximately NTD418.45 million- Basic earnings per share were NTD2.43 centsHONG KONG, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - Genes Tech Group Holdings Co. Ltd (“Genes Tech Group” or “The Group”, Stock Code: 8257.HK) announces its annual results for the year ended 31 December 2024. (“During the period under review”). During the period under review, the Group recorded the total revenue of approximately NTD931.96 million, Profit for the year attributable to owners of the Company amounted to approximately NTD24.28 million. Basic earnings per share were NTD2.43cents. During the period under review, revenue from turnkey solutions amounted to approximately NTD418.45 million, accounting for approximately 44.90% of the Group’s total revenue. The revenue from the trading of parts and used Semiconductor Manufacturer Equipment (SME) amounted to approximately NTD513.51 million, accounting for approximately 55.10% of the Group’s total revenue. During the period under review, under the ongoing geopolitical tensions, the Group has established a solid strategic direction, as well as deepened cooperation with existing international clients and actively explored new models of collaboration. The Group’s revenue from operations in Japan significantly increased by 2,667.38% compared with last year, representing approximately 5.67% of the Group’s total revenue, while revenue from operations in Singapore increased by 41.56% from last year, representing approximately 12.29% of the Group’s total revenue.Since 2024, the semiconductor industry has seen a significant recovery and entered an upward cycle. Given that the rise of artificial intelligence (AI) technology provides a new driver for the continuous development of the industry, it is generally predicted that generative AI will affect more than 70% of semiconductor products in the coming years. According to the Semiconductor Industry Association (SIA), global semiconductor chip sales hit record high at USD627.6 billion in 2024, representing an increase of 19.1%, benefiting from strong demand for AI processors and memory. The sales in the fourth-quarter amounted to USD170.9 billion, representing an increase of 17.1% as compared to the fourth quarter of 2023 and an increase of 3.0% as compared to the third quarter of 2024. The Market Intelligence & Consulting Institute (MIC) of Taiwan estimates that the production value of Taiwan’s semiconductor industry will reach NTD4.76 trillion in 2024, representing an increase of 21.3%. The mainstream communication product sector has stabilized and showed growth, which has injected growth momentum to certain sub-sectors. Looking ahead to 2025, advanced chips will continue to drive the output growth of semiconductor industry, and Taiwan's semiconductor industry is projected to reach a total production value of NTD5.52 trillion in 2025, representing a 15.9% increase.Mr.Yang Ming-Hsiang, Chairman and Chief Executive Officer concluded: “Although the semiconductor industry is expected to continue its upward trajectory, it will be subject to certain uncertainties, including geopolitical risks, volatility of global economic policies, changes in end-market demand and dynamic adjustment on demand and supply from new production capacity. In addition, the continued Sino-U.S. semiconductor technology rivalry, especially the tightened control of AI chips export across the globe by the United States, will become a critical and unneglectable issue in the development of semiconductor industry. As such, the Group will pay close attention to the variables and respond to market changes in a prudent and flexible manner to ensure sustainable development. The Group will also capture development opportunities and strengthen its core competitiveness to create long-term shareholder value.”About Genes Tech Group Holdings Co. Ltd (Stock Code: 8257.HK)Genes Tech Group Holdings Co. Ltd is a turnkey solution provider and exporter of parts and used SME in Taiwan. Since the commencement of its business in 2009, the Group mainly engaged in providing turnkey solution for parts and used SME for its customers and modifying and/or upgrading the semiconductor equipment of its production systems according to customers needs. In addition, the Group is also engaged in the trading of parts and used SME. The parts and used SME supplied by the Group included furnaces, clean tracks and other related items, which were used at the front-end of the semiconductor manufacturing process, wafer fabrication such as deposition, photoresist coating and development, and these were extensively applied in mobile phones, game consoles, DVD players, automotive sensors and other digital electronic products.The press release is distributed by Vitalink Consultants Limited on behalf of Genes Tech Group Holdings Co. Ltd. For enquiry, please contact:Ms. Natural Lau Tel: (852) 2529 7999 Email: Natural.lau@vitalink.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.
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Wintermar Reports Results For The Full Year Ended 31 December 2024 ACN Newswire

Wintermar Reports Results For The Full Year Ended 31 December 2024

SINGAPORE, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - Wintermar’s Operating Profit jumped by 101.5%YOY to US$17.8 million on the back of a 13.5%YOY increase in Total Revenue to US$82.4million, from higher charter rates and a better fleet mix of DP (Dynamic Positioning) vessels.Owned Vessel DivisionOwned Vessel Revenue rose by 28.9%YOY to US$62.1million for FY2024 from US$48.2million in FY2023. This was driven by a larger number of DP vessels in the fleet which pushed the average charter rates for 2024 up by 26% as compared to the average charter rate in 2023. These factors contributed to a 106.2%YOY jump in Gross Profit from Owned Vessels to US$22.4million for FY2024 with vessel utilization in 2024 at 66%, slightly lower than 68% for 2023.Owned Vessel gross margin has increased to 36.1% in FY2024 as compared to 22.6% in FY2023, reflecting a strong increase in charter rates as well as a better fleet exposure to the DP segment. Our 5150BHP to 8000BHP AHTS as well as PSVs experienced a higher charter rate boost than the rest of the fleet due to rising demand for deeper water drilling projects, which require DP capability.Vessel utilization fell in 4Q2024 to 63% compared to 67% in 3Q2024. Some vessels completed spot contracts while the monsoon season in Brunei also impacted utilization. These vessels underwent maintenance and will start operations again in mid 1Q2025. The additional PSV which was delivered in October 2024 did not commence operations until January 2025. Chartering Division and Other ServicesGross Profit from Chartering rose by 28.7%YOY to US$1.4million, despite slightly lower revenue of US$13.7million, reflecting improved margins. Gross Profit from Other Services recorded a decline of 16.7%YOY to US$2.6million upon the completion of a contract. Total Revenue for FY2024 rose 13.5% YOY to US$82.4 million with Total Gross Profit of US$26.4 million (+75.5%YOY) for FY2024 as compared to Total Revenue of US$72.6 million and Total Gross Profit of US$15.0 million in FY2023.Direct Expenses and Gross ProfitOwned Vessel Direct expenses rose by 6.4% YOY to US$39.7million, largely from higher maintenance costs, which rose by US$7.5million (+21.8%YOY), in additional to higher crewing costs of US$10.3million (+10.5%YOY).The higher maintenance and crewing costs are aligned with operating a fleet of higher value vessels and a larger proportion of operations outside of Indonesia. Depreciation costs rose by 5.4%YOY to US$13.4million as the number of operational vessels increased. Bunker costs rose by 7.2%YOY to US$3.3million due to higher oil prices and a larger number of vessels mobilized in and out of Indonesia.Indirect Expenses and Operating ProfitIndirect Expenses rose by 38.5%YOY to US$8.6million, with Staff Salary contributing US$1million to the increase, reflecting a focus on strengthening the operations, technical and IT teams to manage a higher value fleet, as well as the payment of employee bonuses in line with the strong operational performance. As the Company now participates in more international tenders, there has been an increase in marketing expenses by 164.8%YOY to US$0.66million.Operating margins jumped to 21.6% for FY2024 compared to 12.2% in 2023, as Operating Profit doubled to US$17.8million for FY2024, reflecting the impact of operational gearing on the Company’s profitability as charter rates begin to rise.Other Income, Expenses and Net Attributable ProfitInterest Expenses and financial charges fell by 4.2%YOY to US$1.2million while interest income rose by 582%YOY to US$0.46million, as the Company continued to accumulate cash flow and pay down debt. Equity in net earnings of associates jumped to US$2.4million for FY2024 from US$0.55million in FY2023, with strong contribution from associated companies with OSV operations which also benefitted from the strong industry upturn.The sale of fixed assets contributed a one-off gain of US$16.1million, largely from the sale of an older PSV in the first half of 2024. Due to the strengthening of the A, the Company recorded a FX loss of US$0.47million mainly from Rupiah denominated trade receivables.Non-controlling interest was significantly higher at US$9.8million compared to a small loss of US$0.04million in FY2023. The largest contributor to this was from the gain on sale of fixed asset as well as the stronger earnings from the PSV business which is 51% controlled by Wintermar.Net Attributable Profit to shareholders for FY2024 was US$22.5million, a significant jump of 237% compared to US$6.7million in FY2023. Excluding the gain on sale of Vessel, the underlying core profit increased by 126.5%YOY to US$15.1million compared to US$6.6 million in FY2023.FY2024 EBITDA increased by 44.8% YOY to US$31.5million.Industry OutlookThe recent months have been characterized by rising global uncertainty arising from dramatic policy changes in the US, the prospect of tariff wars and the fragile ceasefire in Gaza. These upheavals have not derailed the underlying momentum in the upstream investment cycle, which seems to still be unfolding as major oil companies have started to roll back renewable energy projects in favour of investing in oil and gas. The oil price has corrected from previous highs but is forecasted to stay firm in the next couple of years from OPEC+ intervention.In Indonesia, the government remains committed to the various major deepwater projects which have received investment approval in the past 12 months. SE Asian charter rates corrected slightly at the end of 2024 after a very sharp spike up in the past 12 months. However, there are several Engineering Procurement (EPCI) projects which require OSV for short-term projects, which accounts for a more volatile utilization of the OSV fleet. Business ProspectsDespite a slower 4Q2024, we are still optimistic on the outlook for OSVs in Indonesia as there are several approved deepwater drilling projects particularly in the Makassar strait and the Andaman sea which are likely to commence in 2H2025 to 2026. Some EPCI contracts have been awarded and tendering for the marine spread is ongoing for 2H2025 commencement. All this points to continued short term contracts, by virtue of where we are at this early stage of the drilling cycle, and we expect continued volatility in utilization rates while charter rates should remain firm.Wintermar took delivery of 3 units of newbuilt Heavy Load Barges (HLB) between December 2024 to February 2025. The vessels are in the process of conversion to Indonesian flag and will be ready to work by 2Q2025. In addition, the Company has ordered a newbuilt Platform Supply Vessel for delivery in 2026, which will enhance the DP capability of the fleet and reduce average age of the fleet. These acquisitions have been funded through internal cash flow and will be refinanced upon delivery. In 2H2025, another reactivated PSV is expected to be operational, adding to our capacity for 2025.Contracts on hand as at end February 2025 amounted to US$66million. About Wintermar Offshore Marine GroupWintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.For further information, please contact:Ms. Pek Swan Layanto, CFAInvestor RelationsPT Wintermar Offshore Marine TbkTel (62-21) 530 5201 Ext 401Email: investor_relations@wintermar.com DISCLAIMERCertain statements made in this publication involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. Certain statements relating to business and operations of PT Wintermar Offshore Marine Tbk and Subsidiaries (the Company) are based on management’s expectations, estimates and projections. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Certain statements are based upon assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements. The Company makes no commitment, and disclaims any duty, to update or revise any of these statements. This publication is for informational purposes only and is not intended as a solicitation or offering of securities in any jurisdiction. The information contained in this publication is not intended to qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to the Company and should not be relied upon for the purpose of making investment decisions concerning any securities of the Company. Copyright 2025 ACN Newswire via SeaPRwire.com.
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UnionBank Named Best Wealth Management Bank in the Philippines ACN Newswire

UnionBank Named Best Wealth Management Bank in the Philippines

MANILA, March 20, 2025 - (ACN Newswire via SeaPRwire.com) - Union Bank of the Philippines (PHS: UBP) has been awarded with the Best Wealth Management Bank in the Philippines, at the 2025 Global Excellence in Retail Finance Awards, held in February by The Asian Banker. A testament to its strategic vision, innovative wealth solutions, and unwavering commitment to financial excellence, this accolade underscores UnionBank’s success in redefining the wealth management landscape through digital innovation, strategic acquisitions, and customer-centric investment solutions.Setting a New Benchmark in Wealth Management“UnionBank has strengthened its affluent banking proposition by seamlessly integrating the acquired Citi wealth business, further enhancing its ability to serve a diverse spectrum of wealth clients. From emerging affluent individuals to high-net-worth investors, the bank has introduced a transformative approach to wealth management, providing tailored solutions that cater to clients’ evolving financial needs,” read The Asian Banker’s citation at the Awards, held this year in Tokyo, Japan.“For its successful integration of acquired expertise, relentless commitment to financial innovation, and dedication to delivering sophisticated wealth solutions, UnionBank is honored with the title of Best Wealth Management Bank in the Philippines. This recognition reflects the bank’s mission to empower Filipinos in achieving their financial goals through world-class wealth management services.”Introducing Elite and Access: A New Era in Wealth SolutionsA key milestone in UnionBank’s wealth management evolution is the launc of Elite and Access, two pioneering programs designed to provide tiered wealth solutions: * Access is tailored for emerging affluent clients, offering seamless digital wealth tools and an extensive suite of investment products. * Elite is designed for high-net-worth investors, delivering bespoke financial planning, exclusive global investment opportunities, and dedicated relationship management.These programs redefine financial accessibility and personalization, ensuring that clients receive the right level of support, expertise, and product offerings based on their financial standing and aspirations.“We thank The Asian Banker for recognizing our unwavering commitment to excellence, innovation, and, most importantly, our clients. At UnionBank wealth management is about building trust, securing futures, and creating opportunities.” said UnionBank Wealth and Brokerage Head and Board Director of UB Financial Services and Insurance Brokerage Inc. (UFSI), Therese Chan.“The strategies we craft and solution we provide are driven by our dedication to helping our clients achieve their financial goals. We remain committed to setting new standards in wealth management and empowering more people to build a stronger financial future.” continued Ms Chan.UnionBank’s ability to serve a diverse spectrum of wealth clients is further bolstered by its world-class Wealth Center, which was unveiled to the media on the same day it received the prestigious Asian Banker Award.Digital Innovation Meets Global Investment AccessUnionBank continues to lead the industry with its enhanced digital wealth platform, allowing clients to diversify their portfolios with global investment products—without the need for offshore accounts. This innovation ensures that clients can securely access a world of investment opportunities from the convenience of a seamless, digital-first banking experience.By blending cutting-edge technology with highly personalized advisory services, UnionBank has solidified its position as the preferred financial partner for wealth clients across the Philippines. The bank’s dedication to innovation, accessibility, and global investment integration has set a new gold standard in the country’s wealth management sector.As UnionBank continues to drive financial excellence and innovation, it remains steadfast in its vision to elevate wealth management in the Philippines—paving the way for a smarter, more inclusive financial future to help clients build, grow, and protect their wealth.To learn more about UnionBank Elite, visit www.unionbankph.com/wealth/elite or email ubwealth@unionbankph.com. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Vibe Marketing Tech Fest 2025 Will Focus on Convergence & Conversions ACN Newswire

Vibe Marketing Tech Fest 2025 Will Focus on Convergence & Conversions

DUBAI, UAE, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - Vibe Marketing Tech Fest – the Middle East’s largest marketing technology summit, will take place on April 23 and 24, 2025, in Dubai, UAE.Digitalisation has revolutionised how customers engage with brands, transforming the traditional linear funnel into an intricate web of touchpoints. Today’s customer journey is dynamic, interconnected, and far from predictable.Marketers must now navigate a landscape where customer expectations are higher, attention spans are shorter, and engagement spans across multiple platforms and moments.The 16th global edition of Vibe Marketing Tech Fest (VMF) will delve into these challenges, offering insights, strategies, and Martech solutions that empower modern marketers to adapt, innovate, and thrive in this new reality.The theme will focus on the convergence of marketing technologies, ad technologies, and ad journeys and explore how marketers need to adapt, be dynamic, and incorporate customer-centricity into their approach.Marketers must leverage the power of real-time data and technology to comprehend where a customer changes trajectory and what influences their decisions in doing so. “Customers are discerning and any disruption in convenience can hamper the path to conversions. Brands must adapt to fragmented and dynamic paths to purchase, driven by real-time data and emerging AI capabilities. Vibe Marketing Tech Fest puts the spotlight on the consumer, and how brands can navigate the changing technology landscape to deliver this convenience. With this edition, we have added themes like app marketing, ad tech integration, growth, digital marketing and retail media networks,” said Sanjay Swamy, Director at Martechvibe.Top conversations at VMF 2025 will cover:Engagement, Apps & SocialAI, Automation & TechMartech, Adtech & DataBrand Growth & RetentionThe conversations at VMF tackle real-world challenges affecting marketers today, with a look at preparing for possible scenarios in the near future. Rajesh Verma, General Manager, Middle East, Epsilon said, “We need forward-facing platforms like these to help dispel the myths that surround marketing and tech in the Middle East. Take retail media as an example; many believe retail media strategies rely solely on online behaviour and demographics, overlooking the power of transactional data, or that retail media only occurs on a retailer’s website. These gatherings provide an opportunity to educate marketers on the true potential of new media opportunities, and how to avoid the pitfalls. They foster important connections that place attendees in a much better position to navigate the complexities of the evolving landscape.”Richard Shotton, Founder of Astroten, a behavioural science consultancy and author of The Choice Factory and The Illusion of Choice, will deliver the keynote on how human decision-making remains remarkably constant in an evolving technology landscape in his session titled The Enduring Power of Behavioural Science. “It’s increasingly common to see brands and agencies incorporate consumer psychology as part of their process, although it’s not often systematically applied. There’s still an over-reliance on intuition, or when research happens, it’s based on claimed data. For example, creative routes are tested by asking people which ads they think would make them purchase… It’s not that respondents deliberately mislead researchers, just that nobody is aware of all the elements that influence their decisions. When asked, people don’t — in fact, can’t — tell you what motivates them. So, findings from a lot of market research can never uncover the whole truth. There’s still more headroom to align research with genuine motivation through the application of behavioural science.”Speakers like Scott Brinker, Sir Martin Sorrell, Brian Solis, Neil Patel, Darell Alfonso, Fernando Machado, David Raab, Rob Bloom, and Steve Lok have delivered rich sessions in the previous editions of the summit.This year’s speakers include Alexis Jean Baptiste - Chief Data & Analytics Officer | L'Oréal, James Dutton – Chief Product Officer | UM MENAT, Mai Cheblak - Vice President Group Media & Social | Emirates NBD, Marwen Ben Messaoud - Head of Growth Middle East, Africa, South Asia | Spotify, Matthew Horobin - Associate Director Customer Experience | Modon Holdings, Mustafa Bohra - Associate Director - Martech and Analytics | Careem, Nandakumar Vijayan - Global Director, Marketing & Communications | LuLu Group International, Oleg Nesterenko - Chief Marketing Officer | Storytel, Charlotte Davis | Acting Director of Retail Media | Majid Al Futtaim, Sohail Nawaz MBE - Head of Retail Media | Landmark Group, Sevgi Gur - Chief Marketing Officer | Property Finder, Rishi Gupta - Regional Director: Middle East & Africa | Nothing, and many more.For more information, visit Vibe Marketing Tech Fest 2025.About VMFFounded in 2018, Vibe Marketing Tech Fest (VMF) is one of the world’s largest and most influential marketing tech conferences. It is the premier gathering for marketing, technology, product, CRM, revenue, and CX leaders. Designed to explore the latest trends, strategies, and cutting-edge tools shaping the marketing landscape, VMF serves as the ultimate platform where marketing pioneers connect with technology innovators.Join industry leaders as they network, exchange insights, and redefine the future of marketing through the power of technology.Media contact:Mrunalini Polmrunalini@vibeprojects.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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[Media Alert] Say Goodbye to Brain Fog and Digestive Woes: Recharge with LAC ACN Newswire

[Media Alert] Say Goodbye to Brain Fog and Digestive Woes: Recharge with LAC

SINGAPORE, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - In today's fast-paced world, many individuals find themselves grappling with overwhelming stress and its accompanying challenges. The constant pressures of modern life can leave individuals feeling mentally and physically drained.Especially in Singapore, the hustle culture and rising cost of living contributes heavily to this. A recent survey found that nearly 90% of Singaporeans experience chronic stress, driven by issues like financial concerns and a general uncertainty about the future. This relentless pace, paired with the constant pressure to meet expectations, continues to take a toll on both mental and physical health, even as the new year begins.Prolonged stress can, however, impact cognitive functions leading to brain fog, memory loss and inflammation, while the digestive system may struggle to keep up with the demands of life. When the mind is overloaded, it becomes difficult to focus, make decisions, or retain information, leading to decreased productivity and increased frustracalention. Furthermore, prolonged stress can disrupt the gut-brain connection, triggering digestive issues such as bloating, indigestion, and inflammation, which hinder the body’s ability to absorb essential nutrients.LAC (pronounced as L-A-C) aims to help individuals navigate these transitions with mindful practices and targeted health solutions. For individuals grappling with cognitive or digestive issues, LAC recommends its BrainSpeed® PS and Probiotic Complex 25 Billion CFU - Daily Support to help support mental and digestive health.Formulated with high phosphatidylserine (PS), LAC BrainSpeed® PS promotes brain health, enhances focus and alertness, and helps individuals cope with stress more effectively, resulting in overall work productivity. This supplement helps to regulate high stress levels, balances mood and promotes cognitive functions for individuals who are seeking mental clarity.With over 25 Billion CFUs of active probiotics and 12 strains of friendly bacteria, Probiotic Complex 25 Billion CFU - Daily Support helps to effectively maintain probiotic levels and boosts the immune system, reducing the risks of inflammation in the gut, maintaining a healthy balance of bacteria in the body.LAC also offers solutions for children to support optimal health and overall well-being. LAC BrainSpeed® Junior is specially formulated with DHA to support cognitive development and mental clarity, allowing children to stay focused in their schools. On the other hand, LAC Probiotic Junior contains 12.5 Billion CFU of Probiotics that strengthens the immune system and absorbs essential nutrients effectively.You may access the high-resolution visuals of the products through the media kit here. Copyright 2025 ACN Newswire via SeaPRwire.com.
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New Hope Service Announces 2024 Annual Results ACN Newswire

New Hope Service Announces 2024 Annual Results

HONG KONG, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - New Hope Service Holdings Limited (“New Hope Service” or the “Group”, SEHK stock code: 3658.HK) announces its annual results for the year ended 31 December 2024.During the year, the Group recorded revenue of approximately RMB1,480.8 million, representing an increase of 17.5% compared with 2023. Gross profit was RMB450.0 million with a gross profit margin of 30.4%, while the profit attributable to the equity shareholders of the Company for the Reporting Period was RMB226.8 million, representing an increase of 5.5% compared with 2023; The management fee rate decreasing by 3.9 percentage points to 9.5% as compared with the same period last year. The Board recommended to declare a final dividend of RMB0.076 per Share for the year ended 31 December 2024. Together with the interim dividend declared for the six months ended 30 June 2024, the total dividend for the year of 2024 is RMB0.159 per Share, and the full-year dividend payout ratio is 60%, demonstrating the Group’s robust financial position and commitment to shareholder returns.For the year ended 31 December 2024, the Group had 256 contracted projects with contracted GFA of 39.0 million sq.m; The Group had 242 projects under management with the GFA under management of approximately 35.1 million sq.m.. Moreover, the Group completed the contracted amount of RMB605 million, representing an increase of 192% over the same period last year, with the contract amount derived from strategic cooperation amounting to RMB215 million in 2024, representing an increase of 169% over the same period last year, thereby providing a strong support for future development.Regional Deepening Strategy Drives Core RevenueFor the year ended 31 December 2024, 95.8% of the Group’s revenue from property management was from the projects under management in first-tier, new first-tier and second-tier cities in China. Revenue from new first-tier cities surged 44.9%, while second-tier cities grew 23.2%, further enhanced the company's profitability.In terms of the strategy of deploying in high-tier cities, the Group is further deepening presence in the Southwestern and Eastern China regions, these two regions collectively contributed 83.0% of total property management revenue (RMB695.0 million) and 83.9% of total managed GFA (29.46 million sq.m.). In particular, the Group’s aggregate revenue in Chengdu, Kunming and Wenzhou accounted for 62.2% of the total revenue, achieved high - quality operations through service density. Notably, the Group continued to exert great efforts in the financial industry, from serving more than 300 outlets of 6 banks in Yunnan to expand to the whole nation, such as the Wenjiang Branch and Shuangliu Branch of China Construction Bank in Chengdu.“Property +“ Fueling High-Quality GrowthIn recent years, relying on the "Property +" model, the Group placed emphasis on adhering to “asset value appreciation and maintenance” and “care-free and wonderful life”, through the extension of diverse scenarios and the coordination of resources, deeply explore customer needs, boost external growth and achieve continuous profit creation for individual projects.In terms of “property + commerce”, as an important profit unit, while the Group focuses on maintaining the occupancy rate and collection rate, with its excellent property + commercial operation capabilities, took the first step in community asset cooperation with the property + commercial project of Lantingji. During the Year, the Group successfully formed strategic cooperation with Jianxingli, in terms of industry introduction, commercial operation, asset management, and the standardized construction of high - quality office spaces, refined the “big industry” system of the building economy. Additionally, projects like Zhong Cheng Boyue Mansion and Shiguanghui have been successfully launched.Backed by the Fortune Global 500 New Hope Group and by relying on its advantages in supply chain system, brand reputation and product categories, the Group built a corporate service system, enhanced the marketization capability of the "Property + Lifestyle" model, with the bid winning rate reaching 54.5%, successfully won bids such as the Spring Festival welfare project of Minsheng Bank, the gift box project of Industrial and Commercial Bank of China, the labor union welfare project of China Copper Group.The Group vigorously expanded the B-end customers for corporate retail, in terms of group-on meals, acquired the projects of the Yunnan Branch of Postal Savings Bank of China and Guangxi Beibu Gulf Bank, and successfully the group-on meal project of Sichuan Electromechanical Institute of Vocation and Technology.With the "Outward Expansion and Vertical Deepening" of core businesses, the Group further optimized its revenue structure in 2024. "Property + Lifestyle + Commercial Operations" contributed 90% of total revenue, reinforcing operational resilienceThree Strategic Pillars for Sustainable GrowthLooking forward to the future, New Hope Service will continue to keep driven by high goals, optimize the market layout, further explore potential customer groups, ensure service quality and customer satisfaction; further deepen the value of “property +”, strengthen synergies across commercial operations, group catering services, and lifestyle scenarios, create more revenue drivers for the Group. Meanwhile, continue to deepen refined digital operation and keep cultivating cost and efficiency advantages, transforming cyclical resilience into long-term growth momentum. New Hope Service also look forward to achieving long-term steady development under three strategic pillars of " Keeping driven by high goals, Deepening the value of 'Property +', and Refining digital operation," thereby consistently delivering on value commitments to shareholders and customers.About New Hope ServiceNew Hope service (3658.HK) is a local Sichuan integrated property management enterprise engaging in the provision of lifestyle service solutions with a leading position in the Western China region and strategic cultivation in Chengdu. Backed by New Hope Group Co., Ltd.* and its subsidiaries, a member of Fortune Global 500, the Group placed emphasis on adhering to “asset value appreciation and maintenance” and “care-free and wonderful life”, and provided building block services such as property management services, lifestyle services and commercial operational services for middle-to-high-end residences, corporate headquarters, medical institutions, commercial office buildings, government public facilities, financial institutions and various types of properties. As of 31 December 2024, the Group was awarded the “TOP 18 Property Management Companies in China in terms of Overall Strength” by EH Property (up by 4 from last year), the "No. 19 among China’s Top 100 Property Management Companies” by CRIC and CPMRI (up by 3 from last year), and was selected for the “2024 China’s New Growth — List of Agile Teams” by the Chinese version of Harvard Business Review.For latest news about New Hope Service, please go to the official websitehttps://www.newhopeservice.com.cnFor enquiry, please contact:Financial PR (HK) LimitedTim Yue/ Hulk Liu/Lucy LiuTel: (852)2610 0846Fax: (852)2610 0842 Copyright 2025 ACN Newswire via SeaPRwire.com.
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Dida Inc. (02559.HK) Announced 2024 Annual Results, RMB 211 Million Adjusted Net Profit ACN Newswire

Dida Inc. (02559.HK) Announced 2024 Annual Results, RMB 211 Million Adjusted Net Profit

HONG KONG, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - Dida Inc. (“Dida” or the “Company”, Stock Code: 02559.HK), a leading technology-driven mobility platform, announced the audited consolidated annual results for the year ended December 31, 2024.Financial Highlights:- Revenue was RMB787.2 million for the year ended December 31, 2024, compared to RMB815.1 million for the year ended December 31, 2023.- Gross profit was RMB567.0 million for the year ended December 31, 2024, compared to RMB605.4 million for year ended December 31, 2023.- Net profit increased by 234.4% from RMB300.4 million for year ended December 31, 2023 to RMB1,004.3 million for the year ended December 31, 2024.- Adjusted net profit (non-IFRS measure) was RMB211.4 million for the year ended December 31, 2024, compared to RMB225.6 million for the year ended December 31, 2023.Operation Highlights:- Gross transaction value amounted to RMB7.4 billion and total number of orders reached 119.1 million for the year ended December 31, 2024.- Registered users reached over 372 million as of December 31, 2024- Certified private car owners reached 18.9 million, an increase of 21.4% year-on-yearBusiness OutlookCarpooling marketplace businessThe Company believes carpooling in China is still at its early stage of development, with significant market demand yet to be fully released and the benefits of carpooling not fully recognized by the public. At the same time, the Company notices a year-on-year increase in the demand for carpooling. In 2024, the number of passengers who placed orders surged 34.3% year-over-year, driven by robust demand in lower tier cities. Riders on the platform can access low-cost mobility options and enjoy quality experience. Private car owners can save money on gas and tolls by sharing traveling expenses with riders. Carpooling also brings about numerous societal benefits, such as reducing carbon emissions and mitigating traffic congestion. In the future, the Company will seek more robust, healthier, and suitable transportation capacity and a broader user base through multiple approaches. The Company will establish strong collaborations with third-party platforms to expedite the growth initiatives. In the lower-tier cities, the Company will drive growth through the conversion of private domain traffic, the dissemination of a “low-price” mindset, and the optimization of mini-program functionalities. The Company will continue to fine-tune the algorithms for precise route matching to enhance driver retention. Furthermore, the Company will explore various scalable carpooling scenarios, such as employee commuting and student travel to and out of college campuses, to expand the user base. For the driver side, the Company will also encourage more diversified demands to provide better travel experiences, especially for those looking for better ride compatibility. Moving forward, the Company will continue to refine the station based carpooling model to better meet user needs by offering more compatible and cost effective options.Taxi businessIn selected cities where the Company has already entered into strategic cooperation agreements, the Company will closely work with all relevant stakeholders, including local authorities, taxi industry associations, taxi companies, and taxi drivers to implement its strategy for smart taxi services. Several cities are considering changing traditional fixed-price models for taxi riding to dynamic pricing in response to competition from ride-hailing. The Company is leveraging this opportunity to provide smart taxi service solutions tailored to these cities, which includes technologies and systems to support the implementation of dynamic pricing.For the full announcement of Dida for the annual results ended December 31, 2024, please visitt: https://manager.wisdomir.com/files/594/2025/0321/20250321213001_91138480_en.pdfAbout Dida Inc.Dida Inc. (“Dida” or the “Company”, Stock Code: 02559.HK) is a leading technology-driven mobility platform in China. The Company creates more transit capacity with less environmental impact by providing carpooling marketplace services to pair up riders with private car owners if they are heading in similar directions at compatible times. It also provides smart taxi services, aiming to improve the efficacy and efficiency of relevant stakeholders in the taxi industry in China. Dida makes the mobility ecosystem greener and more efficient, and each trip experience warm and enjoyable.Forward-Looking StatementsThis press release contains forward-looking statements relating to the business outlook, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond the control. These forward-looking statements may prove to be incorrect and may not be realized in future. Underlying the forward-looking statements is a large number of risks and uncertainties. Further information regarding these risks and uncertainties is included in the other public disclosure documents on the corporate website. Copyright 2025 ACN Newswire via SeaPRwire.com.
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