Far East Consortium’s Hotels Division Expands Singapore Portfolio ACN Newswire

Far East Consortium’s Hotels Division Expands Singapore Portfolio

Dorsett Changi City SingaporeHONG KONG, Sept 4, 2024 - (ACN Newswire via SeaPRwire.com) - Hong Kong-headquartered and listed Far East Consortium International Limited’s (“FEC”, Stock Code: 35.HK) hotel operations and management arm, Dorsett Hospitality International (“DHI”), is pleased to announce its latest strategic investment. DHI has recently entered into a new joint venture, ‘Dorsett Atelier Capital Heeton Changi’, with partners. DHI will lead and add value by leading the remodelling and development of the property, asset management, as well as rebranding the property as ‘Dorsett Changi City Singapore’.Ms. Winnie Chiu, BBS, JP, Chairperson and Executive Director of DHI as well as Executive Director and Joint Managing Director of FEC said, “FEC and DHI are committed to forming strategic partnerships with like-minded investors to drive growth and create value for stakeholders. DHI is a proven partner with a strong track record for end-to-end hospitality developments, from site acquisition and advisory, property transformation and upgrade, to ongoing business operations.“This new joint venture marks the beginning of DHI’s new investment strategy, leveraging an asset-light model whereby acting as a minority equity partner and contributing our extensive experience and strong track record not only provides our partners with a more secure alternative for hotel investment, but also enables FEC to use its balance sheet more effectively,” Ms. Chiu added.“We are not only a hotel management company but also an owner, so interest of the owner is always our priority,” Ms. Chiu said.Dorsett Changi City Singapore will be DHI’s third property in the city state; 8 other new developments across Hong Kong, Australia and the United Kingdom are on the horizon.DHI is a global, fully-integrated hotel group with comprehensive expertise across the entire hotel lifecycle, from deal sourcing and design to construction, whether through greenfield, brownfield, or conversion projects, to asset management, including pre-opening, ongoing operations, and maximising yield through to exit.Its proven track record of creating value is highlighted by the acquisition of a Singapore hotel property in 2019 through a joint venture partnership. The property was subsequently rebranded as Dao by Dorsett Aparthotel in 2022, which led to its GOP doubling in the first year after rebranding, resulting in a 25% increase in valuation.About Far East Consortium International LimitedFar East Consortium International Limited (“FEC”, together with its subsidiaries, the “Group”) has been listed on the Hong Kong Stock Exchange since 1972 (HKEx Stock Code: 35.HK). The Group is mainly engaged in property development and investment, hotel development and management, car park operations and facilities management, securities and financial product investment. The Group adopts the diversified regional strategy and the “Asian Wallet” strategy with business covering Hong Kong, Mainland China, Australia, New Zealand, Malaysia, Singapore, the United Kingdom and other European countries.FEC official website: www.fecil.com.hkAbout Dorsett Hospitality InternationalDorsett Hospitality International is one of the fastest-growing hotel groups in Asia. With 54 properties in 22 major cities across Mainland China, Hong Kong, Australia, the UK, Malaysia,Singapore, Japan and Europe, we offer a diverse international footprint alongside our strategic partners Palasino Group and AGORA Hospitality Group. Our four core brands – Dorsett Hotels, Dao by Dorsett, d.Collection and Silka Hotels – aim to provide exceptional guest experiences while making positive impacts in our local communities. Additional properties are in the development pipeline.Dorsett Hospitality International official website: www.dorsett.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Singapore’s construction industry set to outpace the country’s GDP growth rate this year ACN Newswire

Singapore’s construction industry set to outpace the country’s GDP growth rate this year

SINGAPORE, Sept 4, 2024 - (ACN Newswire via SeaPRwire.com) - Construction growth in Singapore sees a 12 percent rise in productivity in 2024, outstripping the country’s modest overall GDP growth rate of 2-3 percent four times over, according to global professional services company, Turner & Townsend[1].With construction volume anticipated to reach between S$32bn to S$38bn by the end of 2024[2], Turner, and Townsend’s Singapore Market Intelligence cites a series of government backed initiatives and major state projects, such as Changi Airport Terminal 5 (T5) and Tuas Port, are key contributors boosting demand.Recent built environment incentives including the enhanced Contractors Registration System (CRS), the Productivity Innovation Project (PIP), the Future Energy Fund and Energy Efficient Grant are supporting activity. By year-end, the Singaporean state is expected to contribute to 55 percent of domestic construction projects while the private sector is poised for a contribution of 45 percent. Despite ongoing global economic uncertainty and geopolitical instability, the construction market in Singapore is also benefitting from investment in digital infrastructure and the launch of the NEC4[3] contract by the Building Construction Authority (BCA). The latter providing favourable conditions and extensive options for collaborative contracting.While the overall growth trajectory is positive for the domestic construction sector, there are still challenges to navigate principally the availability of skilled labour. The departure of many construction workers during the pandemic continues to highlight the labour squeeze and increasing costs to secure the right talent.Khoo Sze Boon, Managing Director, Turner & Townsend in Singapore, said:“Construction demand in Singapore is on course to surpass last year by a significant margin which is positive for our domestic economy. The industry's overall positive outlook stems from the series of ongoing government initiatives connected to the built environment including robust schemes to promote funding, foster technological advancements, ensure ease of doing business, and boost sustainable green initiatives.“While challenges persist, such as manpower shortages and rising costs, optimism around collaborative contracting schemes and the digitization of processes will further improve productivity. We believe now is the time for our industry to really embrace collaborative contracting which will offset rising construction costs and transform the construction sector for the better to ensure long-term resilience.”[1] GDP growth according to the Ministry of Trade and Industry Singapore, Construction growth according to Building Construction Authority, calculated based on 2024 demand forecast of $38bn over the 2023 demand of $33.8bn.[2] According to the Building Construction Authority as of 15 January 2024[3] NEC4 contract is a suite of contracts for effective project management and collaborationAbout Turner & TownsendTurner & Townsend is a global professional services company with over 12,000 people in 49 countries. Collaborating with our clients across real estate, infrastructure and natural resources sectors, we specialise in major programmes, programme management, cost and commercial management, net zero and digital solutions.We are majority-owned by CBRE Group, Inc., the world’s largest commercial real estate services and investment firm, with our partners holding a significant minority interest. Turner & Townsend and CBRE work together to provide clients with the premier programme, project and cost management offering in markets around the world.We are passionate about making the difference, transforming performance for a green, inclusive and productive world.www.turnerandtownsend.comNotes to EditorsThe full report is available on the Turner & Townsend website: Home - SGMI 2024 (turnerandtownsend.com)For more information, please contact:PRecious CommunicationsDalvinder KaurEmail: dalvinder@preciouscomms.comTel: 63030567 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Habitat for Humanity appoints Elizabeth Satow as Area Vice President to propel Asia-Pacific regional strategy and operations ACN Newswire

Habitat for Humanity appoints Elizabeth Satow as Area Vice President to propel Asia-Pacific regional strategy and operations

MANILA, Sept 4, 2024 - (ACN Newswire via SeaPRwire.com) - Global nonprofit housing organization Habitat for Humanity announces a significant addition to its leadership team. Elizabeth “Liz” Satow has been appointed as the Area Vice President for Asia and the Pacific and will be a pivotal leader to drive Habitat’s strategic initiatives and foster collaboration and growth within and outside the region.Elizabeth Satow, who joined Habitat for Humanity Asia-Pacific as Area Vice President, looks forward to being a strong housing advocate in Asia and the Pacific and beyond.Satow, who joined Habitat on August 5, has over two decades of experience in leading multinational teams and implementing operational strategies. She has a proven track record of generating resources with institutional donors, which will be a valuable asset as Habitat cultivates its strategic partnerships and funding relationships. She has also successfully managed change initiatives to enhance organizational health, accountability, and disaster responses.Habitat for Humanity Area Vice President Elizabeth Satow (left) joins a house painting activity in the village of Wada, Pune district, Maharashtra, India. In this photo are (center, with yellow hardhat) Jonathan Reckford, CEO of Habitat for Humanity International and (right) Anna Charly, Director of Volunteer Programmes and Individual Fundraising, Habitat for Humanity India.“In her role as our leader in Asia and the Pacific region, Liz will be instrumental as we seek to deepen our impact, increase our influence, grow our resources, leverage innovation, and maximize organizational effectiveness,” said Patrick Canagasingham, the Chief Operating Officer of Habitat for Humanity.Satow has expressed her enthusiasm in joining Habitat to drive the vision of a world where everyone has a decent place to live. She is looking forward to serving as a housing advocate, nurturing relationships with the various national organizations and key partners throughout the region and beyond.Though Satow is from the USA, she was born in India and has spent a large part of her life in Asia. She holds a Master of Arts in International Development from The American University and a Bachelor of Arts in Political Science from The College of Wooster.On August 20, Elizabeth Satow, Habitat for Humanity Area Vice President, participates in the handover ceremony of 15 climate-resilient homes in Wada village, Pune district, Mahrashtra, India.About Habitat for HumanityDriven by the vision that everyone needs a decent place to live, Habitat for Humanity found its earliest inspirations as a grassroots movement on an interracial community farm in U.S.A. Since its founding in 1976, the housing organization has grown to become a leading global nonprofit working in more than 70 countries. In the Asia-Pacific region since 1983, Habitat for Humanity has supported millions of people to build or improve a place they can call home. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. To learn more, donate or volunteer, visit habitat.org/asiapacific.For further information, please contact:Rona AzucenaRAzucena@habitat.org+63 916 545 8310 Copyright 2024 ACN Newswire via SeaPRwire.com.
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K2 Partnering Solutions Appoints Abe Iruegas as Chief Revenue Officer ACN Newswire

K2 Partnering Solutions Appoints Abe Iruegas as Chief Revenue Officer

MIAMI, FL, Sept 3, 2024 - (ACN Newswire via SeaPRwire.com) - K2 Partnering Solutions, a leading worldwide provider of consultative technology services and solutions in the enterprise applications, AI, and cloud space, has today announced the appointment of Abe Iruegas as Chief Revenue Officer. Mr. Iruegas brings a wealth of experience from his distinguished 27-year career, most recently as Global SAP Managed Services Leader at IBM, where he achieved remarkable results leading the development and execution of go-to-market strategies in an evolving SAP ecosystem.Abe IruegasAbe Iruegas, Chief Revenue Officer of K2 Partnering SolutionsBefore IBM, Mr. Iruegas served as the Applications & Technology Executive Leader at DXC Technology, where he led sales and managed a partner organization that delivered outstanding growth in the Americas.Mr. Iruegas will join the K2 Partnering Solutions leadership team to help scale K2's consulting services for global clients and further develop strategic partnerships worldwide. The appointment will boost K2's capabilities to guide clients through business and IT transformation, improve their critical technology capabilities, and drive growth."I am thrilled to join K2 and embark on this new journey alongside such a talented team. I look forward to working with K2's global clients as their trusted partner and guiding them as they embark on transforming their business with the massive shift to cloud and business AI in the enterprise applications space, " said Abe Iruegas, CRO of K2 Partnering Solutions."Abe's leadership, strategic vision, and extensive experience driving digital transformation will add significant value to our clients and partners," said Antonio Gulino, CEO of K2 Partnering Solutions. "We are humbled by the continued trust our clients put in K2's expertise and Abe's appointment is a testament to our commitment to deliver outstanding value in a highly complex IT landscape."About K2 Partnering SolutionsK2 Partnering Solutions provides unique end-to-end consultative technology solutions in the enterprise applications, AI, and cloud space. It delivers highly skilled human capital and integrated managed services to support leading companies in developing, implementing, and operating critical technology and business solutions. K2 operates in more than 50 countries and serves clients across multiple industries.Contact InformationDylan GriffithsSenior Vice President Marketingdgriffiths@k2partnering.com020 4592 0141SOURCE: K2 Partnering Solutions Copyright 2024 ACN Newswire via SeaPRwire.com.
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The 18th Frost & Sullivan Growth, Innovation and Leadership Summit, China: A Huge Success ACN Newswire

The 18th Frost & Sullivan Growth, Innovation and Leadership Summit, China: A Huge Success

SHANGHAI, Sept 3, 2024 - (ACN Newswire via SeaPRwire.com) - The 18th Frost & Sullivan Growth, Innovation and Leadership Summit and the 3rd New Investment Event (NIE 2024), was held in Shanghai from August 27-30, 2024, co-hosted by LeadLeo. With the theme of “Converging Innovation, Gathering Strength, Shaping a Quality-Driven Future”, NIE 2024 hosted a plenary session and six themed forums bringing together insights from across the industry ecosystem of corporates, academia, research institutes, investors, and media organizations. The aim of the event was to explore growth opportunities , new markets, and drivers of China’s economy in the new era. Frost & Sullivan has hosted its Growth, Innovation and Leadership Summit for over 30 years globally, and 2024 marked the 18th successful year of China hosting the Event.This year, the summit focused on key trending topics such as New Quality Productive Forces ("New quality productive forces" refers to productivity led by technological innovation that breaks away from the traditional mode of economic growth and development pathway. Adding technological content to productivity, it has the characteristics of high-end technology, high efficiency as well as high quality and quantity), Brand Globalization, Life Sciences, Changing Consumption Patterns, Food & Beverage, ESG, “AI +” and Intelligent Manufacturing, among others. Attended by over 3,000 delegates, the Conference facilitated in-depth discussions leveraging Frost & Sullivan’s insights on various Industries and the global capital markets. It offered optimal growth solutions for enterprises to survive and thrive through transformation.David Frigstad, Global Chairman of Frost & Sullivan, shared insights on the transformative power of the Intelligence Revolution shaping the global economy. He emphasized that we are living in a time where advancements in technology, particularly in advanced manufacturing, robotics, and artificial intelligence, have the potential to significantly improve productivity and create important new opportunities for businesses worldwide. David believes that Chinese companies, with their expertise in manufacturing and successful integration of cutting-edge technologies, are uniquely positioned to become leading global players. To seize these opportunities, he encourages Chinese companies to build robust ecosystems across the entire value chain, from supply chains to customer engagement, marketing, and technological innovation, and to forge strategic partnerships that will drive success in the evolving global market.As the world embarks on a path of monumental transformation, deeply impacting various industries, Aroop Zutshi, Global Managing Partner and Executive Board Member of Frost & Sullivan, highlighted the dual nature of these changes – a blend of challenges and nascent growth opportunities, with sustainable development at the core. At the forefront of this global shift, China stands as a leader, propelling global economic growth through its enterprises that are forging world-class products and solutions. He expressed Frost & Sullivan's earnest desire to witness an increasing number of Chinese companies ascending to prominence globally. He further emphasized that a thriving capital market signifies the proliferation of growth avenues, fostering the realization of this aspiration. Amidst this paradigm shift, Frost & Sullivan remains committed to guiding businesses through the intricate landscape of growth opportunities, leveraging its robust Growth Pipeline Engine and FrostRadar insights. By empowering enterprises with actionable strategies, best practices, and a robust ecosystem, Frost & Sullivan aims to facilitate a seamless transformational growth journey for companies navigating the complexities of today's dynamic market.Dr. Neil Wang, Global Partner and Greater China Chairman of Frost & Sullivan highlighted China's remarkable economic growth over the past 40 years of reform. He emphasized the need for exploring unique development paths to achieve greater breakthroughs, particularly focusing on the cultivation of new quality productive forces, which was a key theme of the conference. Drawing on Frost & Sullivan's 60+ years’ experience, global data, insights, and extensive analytics on future trends in industries like AI, intelligent manufacturing, and life sciences, Dr. Neil Wang showcased the company's commitment to predicting and guiding China's growth opportunities. He also noted Frost & Sullivan's pivotal role in facilitating the globalization of Chinese enterprises and promoting brand building in line with national strategies. Finally, he reiterated the conference's dedication to fostering international cooperation and shared growth prospects, marking a successful continuation of Frost & Sullivan's global summit tradition.About Frost & SullivanThe Transformation Growth Journey CompanyFor over 60 years, Frost & Sullivan has been a global leader for its role in growth advisory. We help corporate leaders, and governments to navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success.Media ContactCompany Name: Frost & SullivanCity, State, Country: Shanghai, ChinaAddress: Room 2504, Wheelock Square, No.1717 West Nanjing Road, Jing’an District, ShanghaiContact Person: Rachel ZhangEmail: rachel.zhang@frostchina.comTele: +86 021-3209-6800Website: http://www.frostchina.com/ Copyright 2024 ACN Newswire via SeaPRwire.com.
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GMG Provides Update on Modular Graphene Production Plant & Capital Expenditure ACN Newswire

GMG Provides Update on Modular Graphene Production Plant & Capital Expenditure

Brisbane, Queensland, Australia--(ACN Newswire via SeaPRwire.com - September 3, 2024) - Graphene Manufacturing Group Limited (TSXV: GMG) ("GMG" or the "Company") is pleased to announce this business update on its recently commissioned Modular Graphene Production Plant at Richlands, Australia.Figure 1: Graphene Production Plant Project TeamTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/221932_ac9be57c04a1b96c_001full.jpgThe newly commissioned Graphene Production Plant as seen in Figure 1 has been operating and producing Graphene since its commissioning date in December 2023.The performance of the production unit has exceeded the Company's expectations in both graphene production rate and graphene quality. The Company continues to perform minor optimisations with this new production plant which have both increased production yield and quality of the graphene.The Company has also authorised a total of AU$250k of capital expenditure for new equipment for quality assurance and quality control purposes of the Company's graphene for its Graphene Aluminium Ion Battery and its liquid graphene products, THERMAL-XR® and G® Lubricant. The equipment being procured by the Company includes: a Raman Spectrometer and a Particle Size Analyzer amongst others. These are sophisticated analytical and characterisation laboratory equipment which will be operated by GMG scientists and technicians. To date the Company has been fortunate to work with various Universities to obtain this analysis. Once the equipment is procured, delivered, commissioned and operational the Company will largely be self-sufficient on testing of its nano materials.GMG's Managing Director and CEO, Craig Nicol, commented: "We are very excited to see the new modular plant exceed expectations in terms of graphene production and quality. The expansion of our graphene characterisation equipment will also reduce learning loop times for optimisation projects where we no longer have to wait for University equipment access. The graphene production system uses GMG's self developed innovative plasma technology which creates the high quality graphene GMG's end products need to deliver their notable benefits."GMG's Chairman and Director, Jack Perkowski, commented: "It is great to see the Company's production technology maturing to this point as this is GMG's fundamental core competency. Ongoing graphene production and characterisation developments will only support the Company's ability to develop and provide its useful liquid graphene products and Graphene Aluminium Ion Battery."About GMG www.graphenemg.comGMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of G+AI Batteries.For further information please contact:Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation: statements relating to the type of equipment being procured by the Company and the operators of such equipment; and the expected benefits of the analytical and characterisation laboratory equipment.Such forward-looking statements are based on a number of assumptions of management, including, without limitation: assumptions relating to the type of equipment that will be procured by the Company; that the equipment will be operated by the Company's scientists and technicians; that once the equipment is procured the Company will be able to perform its own testing of nano materials; that the expansion of GMG's characterisation equipment will reduce learning loop times for optimisation projects as the Company will no longer have to wait for University equipment access; and that ongoing graphene production and characterisation developments will support the Company's ability to develop and provide its products. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will be unable to procure the expected equipment; that the Company's scientists and technicians will be unable to operate the new equipment; that even if the expected equipment is procured, that Company will not become self-sufficient in testing its own nano materials; that the expansion of the Company's graphene characterisation equipment will not reduce learning loop times for optimisation projects; that ongoing graphene production and characterisation developments will not support the Company's ability to develop and provide its products; risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets; the volatility of global capital markets; political instability; the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel; unexpected development and production challenges; unanticipated costs; and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 12, 2023 available for review on the Company's profile at www.sedarplus.ca.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221932 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Watch & Clock Fair and Salon de TIME open today ACN Newswire

Watch & Clock Fair and Salon de TIME open today

- 700+ international exhibitors are taking part- Watch & Clock Fair covers a wide range of watch products in nine zones, providing a one-stop sourcing platform for buyers- Exhibitors can grasp market trends and promote new products, including timepieces with smart technology as well as unique and personalised designs- Salon de TIME opens fully to the public for the first time, offering performances, product launches, lucky draws, engraving demonstrations and moreHONG KONG, Sept 3, 2024 - (ACN Newswire via SeaPRwire.com) - The 43rd HKTDC Hong Kong Watch & Clock Fair and 12nd Salon de TIME, – jointly organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades & Industries Ltd – open today. While the physical fairs run until 7 September at the Hong Kong Convention and Exhibition Centre (HKCEC), the online exhibition will continue until 14 September.More than 700 exhibitors from 15 countries and regions are showcasing exquisitely crafted watches, accessories and parts, providing a one-stop sourcing platform for global buyers.The two fairs include pavilions from Guangdong, Guangzhou, Taiwan, as well as South Korea, which is returning after the pandemic. The fairs are also welcoming new exhibitors from Belgium and Denmark as well as Greek, Turkish and British brands.Salon de TIME is fully open to the public for the first time, giving the public an opportunity to appreciate the finest watch craftsmanship. Some brands are also providing on-site retail sales.A one-stop sourcing platformThis year, the Hong Kong Watch & Clock Fair has nine zones. The Pageant of Eternity showcases OEM and ODM high-end watches. Other exhibition areas include Clocks, Complete Watches, Machinery & Equipment, OEM Smart Watches, Packaging & Display, Parts, Components & Accessories, Pre-owned Watches and Trade Services.Salon de TIME has five themed zones: World Brand Piazza, Renaissance Moment, Wearable Tech, Chic & Trendy and Craft Treasure. These will present more than 130 renowned watch brands from Switzerland, France, Germany and more.World Brand Piazza, sponsored by Prince Jewellery & Watch, is a highlight of this year's exhibition, displaying limited-edition watches from 10 prestigious brands: Baume & Mercier, Bovet, Corum, CVSTOS, DeWitt, Franck Muller, Kerbedanz, Montblanc, Parmigiani Fleurier and Sarcar.Exhibitors are increasingly prioritising high-tech development, strengthening their research and development and design processes.Distinctive and personalised designToday's watch market demand is becoming more diversified. In addition to pursuing watch quality and functionality, wearers also hope to showcase their personality and taste through unique and personalised designs. SIWP (Swiss Independent Watchmakers Pavilion) and French pavilion Francéclat are also returning, bringing along 17 European brands. In addition, the International Luxury Group (ILG), following an enthusiastic response last year, has increased the number of brands it is bringing from 8 to 15, including well-known brands, such as Kenneth Cole, Police and Timberland, among others.- Italian brand Police, which has added screw decorative details to the right side of the watch body to create a strong industrial style and unconventional design. (Booth: 3G-A08)- American brand SAGA, which uses advanced watch technology to develop its unique jewellery-based DNA Bangle Watch series. SAGA has also partnered with China's lunar exploration project to launch its Space series. (Booth: 3F-D02)- Chinese brand Moonyang, founded by designer Sun Lei, which is presenting watches with a space yacht design. The timing buttons and watch lugs resemble power boosters, enhancing the watches’ style and functionality. (Booth: 3F-D01)International IP crossover combines cultural and creative touchesWatch brands have also been leveraging popular IP to attract different customer segments. Examples at this year’s fairs include:- Memorigin has renewed its partnership with movie star Stephen Chow to launch a limited-edition watch. The design is inspired by Mr Chow’s NFT project, Nobody. Each dial takes up to eight hours to craft, with a tourbillon movement that has an oscillation frequency of 28,800 times per hour. (Booth: 3F-D03)- Hong Kong watch brand ANPASSA has launched a watch with the Kowloon Walled City theme to tie in with the hit movie, Twilight of the Warriors: Walled In. The watchmaker uses micro-engraving technology and a special diamond knife to carve the walled city outline, while AR technology can display different scenes on smartphones. (Booth: 3F-A05)- Hong Kong exhibitor Master Time Industrial Ltd has teamed up with Marvel to launch a stylish watch with superhero elements. The watch is equipped with a 3D dial, an alloy case and semi-skeletonised hands. (Booth: 1D-A18)Leveraging trends in sustainability and healthMore watch manufacturers are using sustainable materials to make watches, watch straps and packaging. The two fairs have added a Green Solutions Suppliers label this year to facilitate sourcing for buyers, with 30 exhibitors displaying related products. These include:- Local exhibitor Gordon C. & Company Limited, which uses natural fibres in its watch-making, such as bark to make cases and apple peel to make straps. The finished product is lighter than steel watches, showing a combination of eco-friendliness and creativity. (Booth: 1D-B13)- German brand Lilienthal Berlin, which has launched the world's first watch with a case made from recycled coffee grounds. This watch, which smells like coffee when worn, won the NY Product Design Awards, the Green Product Award and the iF Design Award. (Booth: 3G-B11)Watchmakers are also developing more smartwatches that can help monitor health as well as tell the time. This year's Wearable Tech zone, led by The Federation of Hong Kong Watch Trades & Industries Ltd, has gathered more than 10 companies to showcase the entire supply chain for smart wearables. These companies include:- Local brand S52, which has launched a smartwatch with a carbon fibre case, making the watch extremely strong and lightweight. In addition, the watch is equipped with Huawei's movement system, which can monitor heart rate and blood oxygen levels as well as tracking more than 100 different types of sport data. (Booth: 3F-B03)- German brand OSKRON, which has developed a new remote monitoring solution, Link2Care, for elderly patients. Both watches and accessories can monitor health data, supporting the work of caregivers. (Booth: 3F-E08)Engaging activities to drive public participationThis year’s Salon de TIME is fully open to the public for five days, with a series of exciting activities lined up to engage the public. In addition to watch parades and product launches, Hong Kong metal engraving artist Carlos Koo will demonstrate the art of watch engraving, while two watch industry KOLs, Ko Sir and Billy Chan, will share their experiences when buying watches.Celebrities will also take part in product launches, including table tennis players Doo Hoi-kem and Wong Chun-ting, who just represented Hong Kong in the Paris Olympics, Hong Kong singer Aka Chiu, YouTuber Jeffrey Fok and more.Visitors also have the chance to win luxury watches, such as SAGA, Timing, TACS, and Anne Klein in lucky draws. In the Smart Bidding session, participants can bid for their favourite watches, including brands such as Arbutus, ZEROO, and Como Milano, with prices starting at 90% off the retail price.Industry representatives analyse trendsThere are forums, seminars and exchange activities, focusing on market trends and information. The Hong Kong International Watch Forum held this afternoon has invited representatives from watch associations from France, Japan, Mainland China, South Korea, Switzerland and the United Kingdom to share trade data, industry trends and sustainable practices in different regions.The annual Asian Watch Conference will be held tomorrow on 4 September. This year’s theme is The Infinite Possibilities with Watches. Mr Clifton Chiu, Euromonitor International Senior Research Analyst, Mr Frank Chen, Huawei Device BG Sales Director of Module, and Mr Pierre Burgun, CEO of Pierre Lannier and Vice President of France Horlogerie, will look at innovation in smart wearables and emerging trends in the fashion watch market.On 5 September, Dr Chung-wai Cheung, Research Assistant Professor of The Hong Kong Polytechnic University's Member of Research Institute for Smart Ageing, Mr Michael Ertl, CEO and Founder of ME & Friends AG, and Mr Paul Anthony Yuen, Director Dayton Industrial Co., Ltd and Secretary-General of The Federation of Hong Kong Watch Trades & Industries Ltd, will discuss how wearable products can improve the lives of the elderly.Design competition announces this year’s winnersThe 41st Hong Kong Watch & Clock Design Competition – jointly organised by The Federation of Hong Kong Watch Trades & Industries Ltd and Hong Kong Watch Manufacturers Association Ltd – has two categories: Go Beyond Innovation for the Open Group and Talent Moment for the Student Group. A Made-to-Sell Award has been added for student entries with market potential.This year’s winner of the Open Group is Vertical 6.0, a special design by Wong Ting Bong for car enthusiasts. The watch surface and dial resemble a supercar’s speedometer.The champion of the Student Group is Lau Cheuk Lai from Creative Secondary School. His work, Liminality, blurs the boundaries between watches and jewellery, combining AI with tradition and decoration with practicality.The Made-to-Sell Award goes to Yip Yu Ching from Hong Kong Design Institute for her work Starlight. The watch is inspired by stargazing with design concepts of positioning and constellation display functions.All winning and shortlisted works are now on display at the Hong Kong Watch & Clock Fair. The award ceremony will be held on 7 September at The Dial in Hall 3FG of Salon de TIME. Guest judge, artiste Benjamin Yuen has been invited to attend.Scan2Match extends online connections with exhibitorsThe fairs follow the HKTDC EXHIBITION+ hybrid model. The online exhibition, which has already opened, will run until 14 September. During this period, exhibitors can match with potential buyers from around the world through the HKTDC Click2Match smart business matching platform.HKTDC also provides its Scan2Match offline-to-online service, allowing buyers to scan exhibitor QR codes at the fairs using the HKTDC Marketplace app.Buyers can also use the app to bookmark favourite exhibitors, browse product information and the interactive floor plan, make enquiries and continue online chat with exhibitors during or after the fair period.Asia’s premier fashion event CENTRESTAGE will also be held on 4-7 September at HKCEC, showcasing more than 380 watch and fashion brands from around the world.Photo download: https://bit.ly/3ZcYy2vThe 43rd HKTDC Hong Kong Watch & Clock Fair and 12nd Salon de TIME opened today. Guests attending the opening ceremony included (front row, from left): Eric Lai, Co-Chairman, Fair Organising Committee of HKTDC Hong Kong Watch & Clock Fair 2024, Lawrence Chan, President, Hong Kong Watch Manufacturers Association Limited; Gary Lau, Chairman, HKTDC Watches & Clocks Advisory Committee; Maggie Wong Siu-chu, JP, Permanent Secretary for Commerce and Economic Development of the HKSAR Government; Margaret Fong, Executive Director, Hong Kong Trade Development Council; Raymond Cheng, Principal Honorary President, The Federation of Hong Kong Watch Trades & Industries Ltd; Jackson Lam, Chairman, The Federation of Hong Kong Watch Trades & Industries Ltd, and Edmond Ng, Co-Chairman, Fair Organising Committee of HKTDC Hong Kong Watch & Clock Fair 2024.The Watch & Clock Fair and Salon de TIME attracted global trade buyers to source a wide range of exquisitely crafted watches, accessories and parts.Salon de TIME presents more than 130 international brands across five zones, which are also open to the public.Sponsored by Prince Jewellery & Watch for the 14th consecutive year, the World Brand Piazza at Salon de TIME showcased 10 world-class watch brands.Product launches and watch parades held during the fair feature models wearing and interpreting magnificent timepieces.Award-winning works and finalists of the 41st HK Watch & Clock Design Competition showcase local creativity.Media enquiriesPlease contact the HKTDC’s Communications & Public Affairs Department:Johnny TsuiTel: (852) 2584 4395Email : johnny.cy.tsui@hktdc.orgBubble MaTel: (852) 2584 4369Email : bubble.ma@hktdc.orgWebsitesHong Kong Watch & Clock Fair: https://www.hktdc.com/event/hkwatchfair/enSalon de TIME: https://www.hktdc.com/event/te/enHKTDC Media Room: mediaroom.hktdc.com About 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. Follow us on Twitter @hktdc and LinkedIn Copyright 2024 ACN Newswire via SeaPRwire.com.
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Eton Solutions Launches EtonGPT(TM), World’s First Generative AI Platform for Family Offices ACN Newswire

Eton Solutions Launches EtonGPT(TM), World’s First Generative AI Platform for Family Offices

Research Triangle Park, NC, Sept 3, 2024 - (ACN Newswire via SeaPRwire.com) - Eton Solutions, a leader in comprehensive wealth management ERP systems for family offices has announced the launch of EtonGPT™ the world's first GenAI module for family offices globally. EtonGPT™ integrates the powerful transactional capabilities of Eton Solution's ERP platform, with sophisticated conversational AI functionalities.Eton Solutions will enable the majority of the 750 families on AtlasFive® to benefit from EtonGPT™. It will be available exclusively to AtlasFive® users to enhance the productivity of their family offices.EtonGPT™ will improve family office operations by seamlessly integrating data stored in documents with transaction data on AtlasFive®, thereby helping streamline processes and lead to a boost in productivity. Several of Eton Solutions clients, including Shade Tree Advisors (US), Todd Family Office (New Zealand) and Aglaia Family Office (Singapore) have been using this new AI enabled platform. It will allow them to access information and conduct in-depth analyses of their investment and asset portfolios. EtonGPT™ doubles up as both an internal search and data extraction tool within the secure centralized database of the cloud-native AtlasFive® ERP platform.Backed by pending patents, this hybrid AI platform marries the best features of various AI technologies. It incorporates machine learning, expert systems-based business rule engines, and large language models to deliver unparalleled accuracy and insights. It leverages AI-driven data extraction, summarization, generation, inferencing, and transformation to help family offices operate more efficiently and securely.Satyen Patel, Eton Solutions’ executive chairman said, “Our AtlasFive® solution was the first to offer a centralized data platform that had integrated structured data processing across accounting, investment and tax functions. With the launch of EtonGPT™, the world's first family office LLM, we are embracing cutting-edge technology and reshaping the future of family office management across the globe. AI is increasingly being deployed across businesses. While family offices have largely remained rooted in manual processes, with the integration of AI, they will undergo an unparalleled change, making them resilient and future-ready.”“With EtonGPT™, AtlasFive® can now parse and integrate data buried in more than 250 document types such as trust plans, estate plans and partnership agreements. This combination of structured and unstructured data processing offers wealth managers the ability to gain a 2 to 4X increase in operational efficiency.”“EtonGPT™ will offer a foundational shift platform enabling family offices to elevate their legacy, strengthen corporate governance, and provide high value to the HNWIs and UHNWIs they serve."Timothy C. Macherone, Chief Operating Officer of Shade Tree Advisors LLC, said, "I do not doubt that EtonGPT™ can be a potential game-changer. In deploying the AI-based technology, which involved leveraging EtonGPT™ to automate our document organization and retention processes, we reduced human involvement by 50% and met our accuracy goals. Similarly, we see countless opportunities to unlock efficiencies in our legacy processes through the use of EtonGPT™ in many verticals, including calculating and posting mark-to-markets on private investments, logging invoice information, and summarizing estate planning documents."Andrew Hull, Chief Executive of Todd Family Office, said, "AI is reshaping how we do everything at the Todd Family Office, and our partnership with Eton Solutions has been beneficial. We have faced challenges in fixing AI hallucinations and are worried about the potential misuse of these tech marvels. We're working with Eton Solutions to pioneer a Responsible AI framework that harnesses the full power of AI with transparency, ethics, and trust at its core. Together, we're setting the standard for the future of AI for family offices."Stephen Hunt, Chief Executive Officer of Aglaia Family Office Pte. Ltd., said, "Aglaia Family Office is proud to be pioneering the setup of automated and AI-powered consolidated portfolio reporting and analytics solutions in Asia. Our commitment goes beyond just automation—we're focused on the responsible use of AI, ensuring that its integration into our operations enhances not only efficiency but also strengthens timeliness and accuracy. EtonGPT's early success reassures us that, with Eton Solutions, we're on the right path.”As AI’s power is increasingly integrated into modern organizations, Eton Solutions recognizes cybersecurity challenges from traditional threats such as phishing, malware, and data breaches are expanding to include AI-based risks such as deepfakes, misuse, and algorithmic bias. To lessen or mitigate these risks, Eton Solutions is working with its Customer Advisory Board to introduce frameworks that encompass ethics, safety, transparency, trust, and security.EtonGPT™ is designed to ensure a robust, secure, and ethical environment for family office operations.About Eton Solutions:Eton Solutions is an ERP software product (AtlasFive®) and services company founded to handle the complexities of servicing ultra-high-net-worth families globally. The company is based in the United States, in Research Triangle Park, NC. with its international headquarters in Singapore focused on serving markets outside of the Americas. Created by family office leaders, Eton Solutions' flagship product is AtlasFive®, families manage over US$936 billion on our integrated platform that holistically aggregates and manages all your liquid and alternative investment assets and office's data, reporting and workflow processes. With one source of truth, Eton Solutions leads family offices into the future by maximising efficiency and minimising errors and risk. Eton Solutions has experienced a CAGR of over 100% since its inception.Visit: https://www.eton-solutions.comFor US and other International media queries, please contact:Tracie Soh | tracie.soh@eton-solutions.com | +65 9674 5475 Copyright 2024 ACN Newswire via SeaPRwire.com.
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CleverTap Launches Product Experiences For Optimizing App and Web User Experience ACN Newswire

CleverTap Launches Product Experiences For Optimizing App and Web User Experience

Mountain View, Calif, & Mumbai, India, Sept 3, 2024 - (ACN Newswire via SeaPRwire.com) - CleverTap, the all-in-one engagement platform, today announced the launch of Product Experiences – a one-stop solution to effortlessly experiment and elevate customer experiences across web and apps to help maximize lifetime value. With a no-code approach, user-friendly UI, and advanced segmentation capabilities and analytics, Product Experiences allows product and growth managers to effortlessly personalize as well as optimize app and website user experiences. In today's competitive app landscape, the stakes are higher than ever for businesses. With 50% of users uninstalling an app within 30 days and 25% abandoning it after just one use, the pressure is on the brand to deliver personalized experiences. Any issue in user experiences can lead to swift abandonment given the ease of access to other alternatives. According to studies by McKinsey, a staggering 70% of drop-offs are due to sub-par in-app experiences, while 76% of customers express frustration when brands fail to provide personalized interactions.That’s where CleverTap Product Experiences steps in to address these critical challenges. It empowers product managers and growth teams to effortlessly experiment and make swift changes to the app's design, functionality, and workflows with minimal technical dependency—be it A/B testing onboarding, add-to-cart flow variants, updating banners, showing dynamic pricing, and other content. Thus democratizing app and web experience management by enabling growth teams to independently manage in-app monetization and personalization without the need for additional app updates. This drives operational efficiency, ensuring your business remains agile and responsive to market demands.The key components of Product Experiences include Remote Config and Product A/B Testing. Remote Config allows marketers and product managers to effortlessly map app and web functionalities to Remote Config’s user friendly interface, enabling seamless control and personalization of the user experience. They can create precise segments with zero-code and override variable values to tailor the experience for specific audiences directly from the CleverTap dashboard.With Product A/B Tests, marketers can set up experiments with multiple variants related to UI, functionality, and workflows. Through precise measurement of results based on key performance indicators (KPIs), businesses can analyze performance with detailed analytics and seamlessly deploy the most successful version to their user base.Anand Jain, Co-Founder and Chief Product Officer, CleverTap said, “Businesses are continuously striving to push out newer features and updates to benefit the end user. The app updates that bring these changes are often the result of a complex, time-consuming and resource-intensive process. App release cycles are not scalable, cost-effective or agile enough to respond to market demands and keep up with the rapidly changing business environment. Product Experiences addresses these industry pain points by empowering businesses to take control of their app and web experiences with minimum technical dependency. Its unique capabilities offer CleverTap customers an all-in-one solution that redefines campaign management and performance and app and web experience management, proving to be a complete platform for future digital engagement success.” About CleverTapCleverTap is the leading all-in-one customer engagement platform that helps brands unlock limitless customer lifetime value. CleverTap is trusted by over 2000 brands like Domino’s, Levis, Jio, Papa John’s, Zomato, Kotak Bank, Air Asia, Carousell, TD Bank, and Tesco to help build personalized experiences for all their customers. The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering speed and cost efficiency at scale.Backed by top-tier investors such as Accel, Peak XV Partners, Tiger Global, CDPQ and 360 One, the company is headquartered in San Francisco, with presence across Seattle, London, São Paulo, Bogota, Mexico, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Singapore, Vietnam, and Jakarta.For more information, visit clevertap.com or follow us on:LinkedIn: https://www.linkedin.com/company/clevertap/ X: https://twitter.com/CleverTap Forward-Looking StatementsSome of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.For more information:SONY SHETTYDirector, Communications, CleverTap+91 9820900036sony@clevertap.com IPSHITA BALUConsultantArchetype+91 9590111798ipshita.balu@archetype.co Copyright 2024 ACN Newswire via SeaPRwire.com.
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CX Asia Week 2024 Promises an Experience Revolution with Fresh Insights and Innovative Focus ACN Newswire

CX Asia Week 2024 Promises an Experience Revolution with Fresh Insights and Innovative Focus

SINGAPORE, Sept 3, 2024 - (ACN Newswire via SeaPRwire.com) - CX Asia Week 2024, returning for its 12th edition, is set to redefine the customer experience landscape.Jamie Tan, General Manager of IQPC Asia, aptly puts it, the event has solidified its position as the "must-attend" gathering for CX professionals. This year's edition promises to be even more impactful, with a focus on personalisation and the transformative power of AI.Qinthara Fasya, Conference Producer, envisions a future where customer journeys are as intimate as conversations with close friends. The event will delve deep into strategies to achieve this level of personalisation through micro-segmentation and the harnessing of generative AI.Under the expert guidance of Chairperson Katja Forbes, the event is poised to deliver unparalleled value. Forbes emphasises the importance of this year's theme, "Experience Revolution: Design the Journeys Customers Crave," in addressing the evolving CX landscape. With a rich program featuring industry leaders, interactive workshops, and networking opportunities, CX Asia Week 2024 is set to be a catalyst for innovation and growth in the region.New CX Experts Take the StageFor the first time, over 60% of the presenting CX experts will be new faces, bringing fresh perspectives from:LinkedIn Top Voice for AI: Dominique Rose Van-Winther, Chief AI Evangelist, Chief Executive Officer, Final Upgrade AIMay Chin, Head of Product Growth & Analytics, ZALORATeeraphol Ambhai, Head of Search Experience - Martech, Bumrungrad International HospitalKirk Chua, Customer Service Lead, Associate General Manager, Airport Operations Services, Changi Airport GroupGina Lim, Head of Customer Experience, AIG Asia Pacific InsuranceUnveiling New and Exciting FeaturesNew this year is the Knowledge Immersion Visit to Changi Experience Studio and NCS Office. Attendees can also delve into a Focus Day on Gen AI and Human Touch, optimising customer touchpoints, and exploring the link between employee and customer satisfaction.Join us to network, learn, and shape the future of CX. Visit www.cxasiaweek.com to learn more about the event!About IQPC & CX AsiaIQPC is a global leader in business-to-business events, offering a dynamic mix of online and offline platforms for executives across industries. CX Asia Week, an IQPC event, has established itself as the premier gathering for Asia's customer experience leaders. For twelve years, it has brought together industry experts to share insights, foster connections, and drive innovation in delivering exceptional customer experiences.Media Contact: Suhailah Ishak Marketing Manager – CX Asia Email: suhailah.ishak@iqpc.com.sg Copyright 2024 ACN Newswire via SeaPRwire.com.
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AI and Big Data Expo Europe Countdown: Just 1 Month to Go! ACN Newswire

AI and Big Data Expo Europe Countdown: Just 1 Month to Go!

Amsterdam, Sept 2, 2024 - (ACN Newswire via SeaPRwire.com) - AI and Big Data Expo Europe, the premier event for AI and Big Data enthusiasts, innovators, and industry leaders, is just over one month away. Set to take place at the iconic RAI Amsterdam on October 1-2, 2024, this world-class event promises to deliver cutting-edge insights, networking opportunities, and hands-on experiences in the rapidly evolving fields of artificial intelligence and big data.Key Highlights:Newly Announced Speakers: The event boasts a stellar lineup of over 150 speakers from leading global organizations. Newly announced speakers include:- Rod Evans, EMEA VP - Supercomputing & AI, NVIDIA- Andreia Dos Santos, Principal Analytical Lead, Google, and Program Lead Accelerate, Women in AI- Daan Klein Douwel, Head of Data & AI, KLM Royal Dutch Airlines- Indul Hassan, Head of Engineering at BT Group- Andrii Degeler, Head of Media at The Financial Times- Christian M., Global Finance Transformation Senior Manager at Kraft HeinzThese industry trailblazers will share their expertise and visions on how AI and Big Data are shaping the future across various sectors.- Unmatched Networking Opportunities: With over 7,000 attendees expected, the AI and Big Data Expo offers unparalleled opportunities for networking. Utilize our AI-powered matchmaking tool to connect with potential collaborators, clients, and thought leaders from around the globe.- Co-located Shows: Gain access to eight co-located events, covering a wide range of technological innovations and trends. This multi-event format ensures attendees can explore the intersection of AI, big data, and other emerging technologies.- Exhibition Floor: Discover the latest innovations from over 200 industry-leading solution providers, including Lenovo, OutSystems, F5, Bosch, KLM Royal Dutch Airlines, ING, and Three Business. The exhibition floor is your gateway to seeing cutting-edge products and services firsthand, offering solutions that can transform your business.7,000 attendees are expected to congregate from across Europe including CTOs, CDOs, CIOs , Heads of IOT, AI /ML, IT Directors, chief data scientists, data analysts, Software Engineers, Security Professionals, Developers, Start-Up’s, OEM’s, Government, Technology Providers, Investors, VCs and many more.With solution-based case studies, top-level content, live demos and several networking opportunities, this show is not to be missedRegister TodayDon’t miss your chance to attend this world-leading event and elevate your AI expertise. Secure your free pass today by visiting AI and Big Data Expo Europe Registration.About AI & Big Data Expo:The AI & Big Data Expo is part of the TechEx Events World Series, the leading European technology event organizer. Bringing together key industries from across Europe, the expo offers a unique platform for business leaders, technologists, and decision-makers to engage, network, and learn about the latest advancements in AI, Big Data, and related fields.Media contact:Charlie Herne charlie@techforge.pub Copyright 2024 ACN Newswire via SeaPRwire.com.
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Digital China Holdings Limited announces 2024 Interim Financial Results ACN Newswire

Digital China Holdings Limited announces 2024 Interim Financial Results

Summary of the 2024 Interim Financial Results (for the six months ended June 30, 2024)- Profit attributable to shareholders is approximately RMB 10.81 million. - Total revenue is RMB 7.014 billion, with an increase of about 5% year-on-year. - Breakthrough progress in big data products and solutions, with revenues of RMB 1.277 billion, showing a year-on-year growth of 17%.- Rapid growth in overseas business, with revenues amounting to RMB 465 million, a year-on-year increase of 55%. This has been driven by successful wins for supply chain tenders in Thailand and Vietnam for BYD.- The Group has also secured major projects, including an AI infrastructure project (Smart Computing Center) in Jilin Changchun New District, the second phase of the Computing Power Center in Changchun, and an Intelligent Water Project in Jilin Province. - The interim dividend for the six months ending June 30, 2024, is HKD 0.01 per ordinary share.HONG KONG, Sept 2, 2024 - (ACN Newswire via SeaPRwire.com) - Digital China Holdings Limited ("DC Holdings" or "the Company," together with its subsidiaries referred to as "the Group"; Stock Code: 00861.HK) announces its unaudited interim results for the six months ended June 30, 2024 (the "Reporting Period").During the Reporting Period, the Company achieved total revenue of RMB 7.014 billion, representing a year-on-year increase of 5%. Revenue from big data products and solutions was RMB 1.277 billion, with a year-on-year growth of 17%; and overseas revenue was RMB 465 million, up 55% year-on-year. Profit attributable to shareholders was approximately RMB 10.81 million (compared to RMB 40 million in the same period last year). The decrease in profit was primarily due to heightened competition faced by the Company Ltd. (“DCITS”), and its ongoing increase in investments within various business sectors, leading to a decline in gross profit margin, and increased costs related to new product lines.Breakthrough Progress in Big Data Products and SolutionsFueled by the robust and swift growth of its big data business, DC Holdings has further refined its overall business structure. The innovative “City CTO + Enterprise CSO” model continues to gain strength, utilizing years of accumulated government resources to expedite expansion into industry and enterprise sectors. This strategy has been effectively validated by clients and quickly replicated.Major Project Wins: During the Reporting Period, The Group has secured major projects, including the AI infrastructure project (Smart Computing Center) in Jilin Changchun New District, the second phase of the Computing Power Center in Changchun, and an Intelligent Water Project in Jilin Province.Intelligent Computing Center Development: The Company will continue to enhance and evolve industry-specific software models on its proprietary “Three-in-One” industrial intelligent brain platform. This platform delivers robust computing power and intelligent solutions across various industries.Serving Enterprise Clients: During the Reporting Period, the Company successfully collaborated with leading domestic chip manufacturer Geehy Microelectronics and several industry-leading enterprises. These partnerships span a diverse range of areas, including cutting-edge technology, consumer goods, and advanced manufacturing.Core Technology of Self-Developed Knowledge Graphs and Integration of Industry-Academia-ResearchIn technology development, the Company focuses on standardized products and solutions, powered by two core elements: knowledge graph-based digital twins and AI large language model-based ecological platform capabilities. This strategy enables enterprises to swiftly develop AI applications, modularize and platformize products and solutions, and leverage AI tools alongside deep industry insights. It assists clients in dynamically analyzing and managing business processes in complex, ever-changing market environments, thereby boosting operational efficiency, reducing costs, and fostering business innovation to enhance competitive advantage.The Company integrates its dual-core technologies into big data products and solutions, targeting key scenarios such as smart cities, supply chains, and fintech. It continues to enhance AI-driven decision-making capabilities, enabling rapid development with low-code or no-code solutions. The Company drives horizontal expansion across multiple industries through the “3+N” model and standardized replication with clients via the “1xN” model.In the first half of the year, the Company advanced its intelligent manufacturing solutions with blue-chip clients, swiftly deploying and implementing end-to-end smart supply chain control tower solutions, covering everything in the manufacturing process from initial research and development initiatives to products sales and after-sales customer service.The Company collaborates with universities and research institutions to strengthen industry-academia-research integration and increase investment in the development of "big data + Artificial Intelligence" products and solutions. R&D expenses reached RMB 320 million.Expanding Overseas: A New Growth PhaseDuring the reporting period, DC Holdings achieved overseas revenue of RMB 465 million, marking a 55% year-on-year increase. Under China’s Belt and Road Initiative, the Company leverages its extensive overseas experience and high-end networks to actively expand its value chain, focusing on “localization,” “win-win cooperation,” and “leading domestic ecosystems while integrating into international ecosystems.”Following this international strategy, the Group has formed strategic alliances with prominent Chinese enterprises such as Huawei, Honor, ZTE, and BYD to enhance their global presence. They offer comprehensive supply chain operations and digital services, including international and domestic transport, warehousing, import and export, cross-border e-commerce, and live streaming services. During the reporting period, the Company secured supply chain tenders from BYD for Thailand and Vietnam, providing integrated end-to-end supply chain services for overseas raw materials and components.Future OutlookIn 2024, the National Data Bureau will introduce eight institutional documents focusing on data ownership, data flow, revenue distribution, security governance, public data development and utilization, enterprise data development and utilization, high-quality development of the digital economy, and data infrastructure construction. With the release of the “Three-Year Action Plan for Data Elements (2024-2026)” policy and the initiation of data resource listings, the market for data elements is poised for significant industrial growth. Digital China will seize this historical opportunity, leverage its strengths in data governance and application, actively engage in cutting-edge technology areas, and accelerate expansion into enterprise markets.DC Holdings will expedite the implementation of the “Enterprise CSO” business model, deepen its focus on core smart supply chain scenarios, and continue to collaborate with warehousing and logistics ecosystem partners. By utilizing the supply chain control tower, the Company aims to assist more enterprise clients with end-to-end supply chain operations and continuously iterate AI intelligent applications from visualization and assisted decision-making to autonomous intelligent decision-making, promoting rapid replication and implementation of the end-to-end supply chain control tower solutions for clients.Looking ahead, as global intelligent transformation deepens, DC Holdings’ “Big Data + Artificial Intelligence” strategy will experience significant development. The Company will rely on its core technologies to expand market space in data elements and industry-specific intelligent applications, advance scenario implementation amidst the AI wave, and accelerate international expansion while continuing to cultivate the domestic market, aiming for exponential business growth.- End -About Digital China Holdings LimitedDigital China Holdings Limited (DC Holdings) was established in 2000 and listed on the main board of the Hong Kong Stock Exchange in 2001 (Stock Code: 00861.HK). Over the past twenty years, the Company has remained committed to the mission of "Digital China," and adheres to the principle of "leading in concept, technology, and practice"Currently, the Company focuses on the "Big Data + Artificial Intelligence" strategy and the "City CTO + Enterprise CSO" innovative model, striving to drive the commercialization of high-quality data and AI application scenarios. The Company is dedicated to deepening its efforts in key areas such as smart cities, smart supply chains, and smart finance, continuously developing data analysis and decision-making products and intelligent applications for government and enterprise clients, and aims to be a pioneer in big data technologyFor more information, please visit Digital China Holdings Limited’s website: https://www.dcholdings.com/zh/company-overviewThis press release is issued by Intelligent Joy Limited on behalf of Digital China Holdings Limited.For enquiry, please contact Intelligent Joy Limited:Jason Guo / Karena KeEmail:Jason.guo@intelligentjoy.com/karena.ke@intelligentjoy.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Dida Inc. Announced 2024 Interim Results, Adjusted Net Profit Increased by 51.3%

HONG KONG,Sept 2, 2024 - (ACN Newswire via SeaPRwire.com) - Dida Inc. (“Dida” or the “Company”, Stock Code: 02555.HK), a leading technology-driven mobility platform, announced the unaudited consolidated interim results for the six months ended June 30, 2024.Financial Highlights:- Revenue increased by 2.0% from RMB396.2 million for the six-month ended June 30, 2023 to RMB404.1 million for the six months ended June 30, 2024- Gross profit decreased by 2.0% from RMB302.1 million for six month ended June 30, 2023 to RMB296.1 million for the six months ended June 30, 2024- Net profit amounted to RMB947.9 million for the six months ended June 30, 2024, as compared to net loss of RMB220.2 million for six month ended June 30,2023- Adjusted net profit (non-IFRS measure) increased by 51.3% from RMB85.7 million for the six months ended June 30, 2023 to RMB129.7 million for the six months ended June 30, 2024Operation Highlights:- Gross transaction value amounted to RMB4.0 billion and total number of orders reached 61.7 million for the six months ended June 30, 2024- Registered users reached over 368 million as of June 30, 2024- Certified private car owners reached 17.7 million, an increase of 17% year-on-yearBusiness OutlookCarpooling marketplace businessThe Company believes that carpooling in China is still at its early stage of development. It plans to grow its business by constantly refining its platform and services. The Company has been applying AI to optimize the order matching between its riders and private car owners, improving its route planning and navigation capabilities. It will continue to ensure the safety of its riders and private car owners by implementing a series of real-time security features. It has also been using AI to improve the efficiency of customer services and enhance its user experience.Instead of treating a local market as a homogeneous whole, the Company can now operate at a higher level of granularity. It can group routes with similar origins and destinations and balance supply and demand at a more granular level through dynamic pricing and appropriate incentives.In addition, the Company has been working with strategic partners to gain further growth. For example, it has entered into a cooperation agreement with DingTalk, a leading enterprise SaaS platform, to jointly create a carpooling service for the large population of office workers. Such service can offer them a greener and lower-cost alternative for daily commuting. It has also entered into respective strategic cooperation agreements with Baidu Maps, a leading mapping service provider, to jointly explore carpooling and taxi services in a wide range of scenarios. It believes there is potentially a huge market for carpooling that is yet to be fully unleashed and the benefits of carpooling are yet to be fully recognized by the public.Taxi businessIn selected cities where the Company has already entered into strategic cooperation agreements, it 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.For the full announcement of Dida for the interim results ended June 30, 2024, please visit: https://manager.wisdomir.com/files/594/2024/0830/20240830190001_32977149_en.pdf.About Dida Inc.Dida Inc. (“Dida” or the “Company”, Stock Code: 02555.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 our 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 our other public disclosure documents on our corporate website. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Fuyao Glass Industry Group Co., Ltd. Announced the 2024 Interim Results

Financial Highlights for the First Half of 2024- On a consolidated basis, revenue was RMB18,339.730 million, representing an increase of 22.01% as compared with the corresponding period last year, which was above the level of the industry growth;- Profit attributable to owners of the Company was RMB3,498.318 million, representing an increase of 23.36% as compared with the corresponding period last year;- Earnings per share was RMB1.34, representing an increase of 22.94% as compared with the corresponding period last year.HONG KONG, Aug 29, 2024 - (ACN Newswire via SeaPRwire.com) - Fuyao Glass Industry Group Co., Ltd. (“Fuyao Glass” or “the Company”; Stock Code: 600660.SH, 3606.HK) is pleased to announce the unaudited interim results of the Company and its subsidiaries for the six months ended June 30, 2024 (“Reporting Period”).Seizing market opportunities, securing robust growth in both revenue and profitsIn the first half of 2024, as the global economic growth slowly recovered, the international situation was complex and volatile, and the geopolitical conflicts intensified, the stability of the global industrial chain and supply chain still be challenged. China’s automobile industry showed growth in key economic indicators along with the trade-ins and the introduction of local supporting policies. According to the statistics released by the China Association of Automobile Manufacturers, automobile production volume and sales volume from January to June 2024 amounted to 13.891 million units and 14.047 million units, representing a year-on-year increase of 4.9% and 6.1%, respectively.The Company seized market opportunities, leading manufacturing upgrades through technological innovation, while enhancing efficiency with digital upgrades. High-quality development steadily advanced, and profitability has further improved. During the Reporting Period, the Company, on a consolidated basis, realized revenue of RMB18,339.730 million, representing an increase of 22.01% as compared with the corresponding period last year, which was above the level of the industry growth; realized profit before tax of RMB4,125.070 million, representing an increase of 24.27% as compared with the corresponding period last year; realized profit for the Reporting Period attributable to owners of the Company of RMB3,498.318 million, representing an increase of 23.36% as compared with the corresponding period last year; and realized earnings per share of RMB1.34, representing an increase of 22.94% as compared with the corresponding period last year.During the Reporting Period, the Company’s profit before tax increased by 24.27% as compared with the corresponding period last year. Excluding the losses from foreign exchange and the reduced investment revenue resulting from Taiyuan Jinnuo Industry Co., Ltd.’s termination of provisions pertaining to the transfer of the remaining 24% equity interest in Fuyao Group Beijing Futong Safety Glass Co., Ltd. , the profit before tax increased by 59.96% as compared with the corresponding period last year.Enhancing comprehensive competitiveness with outstanding performance of high value-added productsDuring the Reporting Period, the Company carried out work according to the Group’s business strategy centered on “continuously creating values for customers” with the market-oriented approach, the support of technological innovation and the protection by standardised management, to ensure the improvement of the comprehensive competitiveness of the Company.In terms of product quality, the Company conducted strict quality control at every stage, from product design, procurement of raw materials, production and manufacturing to finished product warehousing, thus ensuring the quality and reliability of its products and effectively preventing and controlling quality issues.In terms of supply, the Company improved global supply assurance capability. And it planned and laid out a comprehensive global supply system in advance according to industry trends; the Company also continuously innovated and optimized the production process, shortening the time from product input to warehousing, building flexible and agile production capabilities to ensure the global delivery and capacity, achieving mutual achievements and growth with the automobile industry.In terms of innovation capability development, the Company has continuously increased innovation efforts in technology, management and other areas. The proportion of high value-added products such as intelligent panoramic skylight glass, dimmable glass, head-up display glass, ultra-insultating glass, lightweight ultra-thin glass, coated heatable glass, tempered laminated glass has continued to grow, rising by 4.82 percentage points compared to the corresponding period last year, reflecting their value.In terms of sales, the Company always put customer needs first, insisted on rapid response and efficient service, established a high level of trust with customers, focused on creating value for customers, and built Fuyao’s sales organization, thus improving its sales management capabilities, increasing market expansion efforts and broadening sales channels.In terms of team building, the Company adhered to the people-oriented principle, ensured competitive employees’ benefits, promoted the humanities construction of Fuyao and established good discipline and work style, and built a more active and efficient international team.The Company stated: “The global economy will remain tough in the second half of 2024, and economic growth will continue to be confronted with multiple risks and challenges. In this regard, Fuyao will be prudent in every step of its operation: to strictly control the quality of products and new product development in all aspects, refine work process, make good use of the ‘one-vote veto system for quality’, and further create a good quality culture, form the work atmosphere where everyone cares about and values quality; to continues to optimize the Company’s production process, and establish agile management and flexible production mechanisms so as to ensure the global delivery and service, as well as high quality development while expanding its business scale; to continue to strengthen technological innovation, increase investment in R&D, accelerate the speed of R&D, promote product upgrades, and enhance Fuyao’s core competitiveness, with the focus on new materials, new processes, new technologies and cross-disciplinary cooperation; to enhance digital construction by digitizing operations, creating digital platforms, and making platforms intelligent and practically applicable, and ensure that data from various areas of the actual business process is transparent, shared, understandable, and useful, thereby leveraging the efficiency of digitization; to continue to play a leading role in sales, establish an all-round sales management mechanism, make efforts in multiple markets at home and abroad, expand new customers, stabilize regular customers, optimize the level of service, improve customer satisfaction and enhance corporate competitiveness; to continuously increase efforts in talent cultivation, train professionals in new technologies, management, automation, digitization and internationalization, implement staff development, strengthen organizational effectiveness, and improve corporate image and brand value.”- END -About Fuyao Glass Industry Group Co., Ltd.Established in 1987 in Fuzhou, China, Fuyao Group (Fuyao Glass Industry Group Co., Ltd.) is a large multinational conglomerate specialising in automotive safety glass, which was listed on the main board of the Shanghai Stock Exchange in 1993 (A-share code: 600660) and on the Hong Kong Stock Exchange in 2015 (H-share code: 3606), forming an “A+H” model with both domestic and overseas capital platforms.The Company is principally engaged in providing total solutions of safety glass and automotive accessories for various transportation vehicles, including design, manufacture and sale of automotive grade float glass, automotive glass, locomotive glass, luggage racks, vehicle window trims and provision of relevant services. The business model of the Company is globalized research and development, design, manufacture, distribution and after-sales services. Adhering to its brand development strategy of maintaining an industry-leading position in technology and quickly responding to market changes, the Company works with its customers on product design, manufacturing and rendering of services, focuses on improving its business ecological chain and responds to the ever-changing demand of customers systematically, professionally and rapidly, thus creating value for its customers. Copyright 2024 ACN Newswire via SeaPRwire.com.
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India Emerges as Fastest-growing Pro AV Market in APAC in Latest 2024 IOTA Report ACN Newswire

India Emerges as Fastest-growing Pro AV Market in APAC in Latest 2024 IOTA Report

MUMBAI, INDIA, Aug 30, 2024 - (ACN Newswire via SeaPRwire.com) - The global Pro AV market is projected to reach $325 billion in 2024, from $306.4 billion in 2023, with India leading the Asia Pacific region in growth, according to the Audiovisual and Integrated Experience Association (AVIXA) 2024 Industry Outlook and Trends Analysis (IOTA).Against this backdrop of robust growth, InfoComm India, the region’s foremost professional audiovisual exhibition, is set to showcase the advanced technologies and solutions driving this rapid expansion that has propelled India to be the fastest-growing market in APAC. The tenth in-person edition of the show will offer opportunities, insights, and context as to how businesses and tech professionals can leverage the transformative technologies of Pro AV to propel their organizations to the next level in the digital revolution era. InfoComm India 2024, the largest edition yet, kicks off from 3 to 5 September at the Jio World Convention Centre (JWCC) in Mumbai and is open to all professionals seeking to better understand and benefit from integrated experience solutions. AVIXA CEO David Labuskes attributes the growth in Pro AV adoption within specific markets and regions to the forces and relationships between market demand for technology upgrades, supply, distribution networks, and systems integration. David, alongside InfoCommAsia Executive Director June Ko will illuminate audiences on India’s current and future Pro AV landscape and opportunities during InfoComm India 2024’s opening session, ‘Navigating New Horizons: Insights and Innovations Shaping India’s Pro AV Landscape’, on opening day at 10.30am.The InfoComm India 2024 Summit offers a deep dive into the intersection of innovation and practical application across its 14 specialty tracks, featuring 50 sessions, and over 90 expert speakers. Attendees can expect to explore hot topics like mastering audiovisual communication, harnessing AI in Pro AV, and empowering sustainable cities. In addition to the recently announced 32 first-time exhibitors (joining the 250 total participating exhibitors and brands) and 30+ new launches, details of several new debuts and experiential activities have leaked just one week before the event. They include:AVOCOR’s global launch of their ‘New S Series’ for education displaysNorwegian-based NEAT’s showcase of their 2024 Red Dot Design Award-winning Neat Centre and Near Bar Generation 2INOGENI’s introduction of their all-new Toggle Rooms for advanced video conferencingUS-based ZEEVEE INC. debuting their Zyper Management Platform.AV MASTER TEECHNOLOGY unveiling their latest product - the 4x1 HDMI SwitcherDATAPATH to demonstrate Aertia’s latest advancements with a real-life mini replica of a control roomTaiwan’s CYPRESS TECHNOLOGY will showcase their all-new AV over IP solution boasting flexible deployment and centralized management Beyond technology and innovation, InfoComm India is designed to better serve Pro AV communities by fostering engagement and connections. From AVIXA’s ‘Flashtracks’, AV Marketer’s Meetup, and the empowering AVIXA Women’s Council, to InfoComm India’s networking breakfasts, next-gen photo booth, to the Multisensory Immersive Experience – an installation co-presented with MSS World + Studio Ocupus, the entire event provides numerous opportunities to meet peers, experts, and potential collaborators.InfoComm India 2024 opens its doors at 9.10am on 3 September. To skip long queues onsite, register and secure your show badge now.For details on the program agenda, visit InfoComm India.To access more press information on InfoComm India 2024, please visit the Digital Press Kit Contact Information: Rest of the World Angie Eng, Marketing Director InfoCommAsia Pte Ltd angieeng@infocommasia.com IndiaSooraj Dhawansooraj@falconfirst.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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CALB Group Announces 2024 Interim Results

HONG KONG, Sept 1, 2024 - (ACN Newswire via SeaPRwire.com) - On August 29, CALB Group Co., Ltd. (“CALB” or the “Group”, stock code: 03931.HK), a global vanguard in new energy power generation and storage technology, announced interim results for six months ended June 30, 2024. According to the financial report, the Group achieved total revenue of RMB12.469 billion, a year-on-year increase of 1.4%. The profit increased by 56.6% to RMB417 million. Gross profit rose by 65.2% to RMB1,948 million, with a gross profit margin up by 6 pp to 15.6%. The net assets amounted to RMB47.369 billion, an increase of 2.1% over early 2024.CALB noted that the revenue growth in H1 2024 was mainly attributable to the release of the Group's production capacity, further diversified in customer structure, and significant growth in business scale. By product division, revenue generated from the sales of EV batteries reached RMB9,724 million, accounting for 78% of total revenue. Meanwhile, revenue generated from the sales of ESS products and others increased by 43.2% year-on-year to RMB2,745 million, accounting for 22% of total revenue.In the first half of 2024, CALB made full efforts in all fields to achieve sustained and rapid development. The Group’s installed capacity of EV batteries firmly ranked the second place in China and rose to the top four globally among the third-party EV battery providers. The installed capacity for hybrid electronic vehicles and commercial vehicles has more than doubled, while the delivery of BEV batteries for high-end market increased significantly year-on-year, the Group became the designated partner of new platforms and projects of many international customers such as Toyota, Volkswagen, Ford, Audi and Mazda. Additionally, CALB’s 314Ah ESS battery was the first in the industry to achieve stable delivery in batches, and secured the battery order for the world’s largest energy storage project. For the E-ship market, the Group also signed several projects of international large-scale commercial ships, and the deliveries will be completed in succession.In terms of innovation in technologies and products, CALB continues to make strides, achieving a series of key technological breakthroughs. On August 28, the "2024 CALB Global Ecosystem Conference" officially showcased the full-scene series of new products in several major categories, including EV, eVTOL, ESS, E-ship and E-train, together with a highly anticipated all-solid-state battery solution, continuously leading the industry to new heights.The new series for passenger EVs and eVTOLs includes four batteries: super BEV battery with new 5V LNMO cathode and upgraded performance (400km with 5 mins recharge, 100% performance under -20oC), super REEV battery with extreme fast charging of 5C, super PHEV battery with ultra-high power up to 400kW, and super eVTOL battery with extremely high energy density of 350Wh/kg with 46-cyclidical solutions, all scheduled to be launched between 2025 and 2026. The new series for commercial applications encompasses four battery systems, including a high-capacity battery system for light trucks with mileages up to 600km, a standard 800kWh solution for heavy trucks to reach mileages up to 530km, a flexible solution for E-trains, and a 199MWh walk-in solution for E-ships. The series for ESS applications includes three different specifications of cells and systems: the industry’s first mass-produced Gen2 314Ah battery cell with the cycle life of 15,000 times and the upgraded 5MWh ESS container, the 6.25MWh ESS container with the newly designed 392Ah battery cell, which will be the world’s 1st in the market and perfectly compatible with existing production lines for 314Ah cells, and the 6.8MWh+ ESS container equipped with the next generation 625+Ah battery supported by the Gen3 stacking technology. The all-solid-state battery, a major blockbuster product that has drawn significant attention at the conference, is set to enter the pilot installation phase in 2027, achieving the industry’s peak energy density of 430Wh/kg in mass production.For the future prospects, revolving around the business strategy of “dual-driven force of power and energy storage” and regional strategy of “Paradigm Featuring Dual Circulation”, CALB is dedicated to serving the high-quality development of new energy with its leading technology and product capabilities. As for innovation in technology and product, the Group is committed to continuous technological innovation in multiple dimensions and maintaining its leadership in advanced materials, advanced manufacturing technologies, high performance battery and system technologies, new batteries, and battery life-cycle management, etc. to ensure the competitive advantages of its products in the application field. Meanwhile, the Group will pool its efforts and resources to provide comprehensive product solutions and life-cycle management for the new energy full-scenario application market represented by EV and ESS. In alignment with its strategic goal of internationalization, the Group will continue to accelerate its strategic internationalization process from multiple aspects including production capacity, market and supply chain.In the future, CALB will adhere to the innovation-driven development strategy, firmly grasp the high-quality development, develop new quality productive force, continuously define and expand the global markets and persistently provide global customers with a full range of optimal solutions. Based on the positioning as a “battery expert”, the Group will be dedicated to the technologies and product offerings to serve the market and satisfy the customers, continue to shape a healthy ecosystem for the new energy industry. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Flexidynamic Sees Significant Turnaround in PBT by 277.62% for Q2 FY2024, Better Prospects Ahead ACN Newswire

Flexidynamic Sees Significant Turnaround in PBT by 277.62% for Q2 FY2024, Better Prospects Ahead

KUALA LUMPUR, Sept 1, 2024 - (ACN Newswire via SeaPRwire.com) - Flexidynamic Holdings Berhad ("Flexidynamic" or the "Company"), an established solutions provider for the rubber glove manufacturing industry, is pleased to announce its financial results for the second quarter ended 30 June 2024 ("Q2 FY2024").The Group recorded revenue of RM7.76 million for Q2 FY2024, reflecting a strategic shift as the Company capitalised on emerging opportunities in the recovering glove industry. While revenue showed a decline from RM13.30 million in the corresponding quarter of the previous year ("Q2 FY2023"), primarily due to the completion of significant overseas projects in the prior year. Flexidynamic saw a robust increase in demand for repair and maintenance services, system upgrades, and equipment enhancements from its existing customers. This signals a positive market sentiment and the beginning of a rebound in the glove manufacturing sector.Profit before taxation (“PBT”) for Q2 FY2024 was RM0.91 million, slightly lower than the RM0.93 million recorded in Q2 FY2023. However, the Company’s continued focus on cost management and operational efficiency has ensured sustained profitability. Notably, Profit After Tax (“PAT”) soared to RM0.98 million, a significant improvement compared to a Loss After Tax (“LAT”) of RM0.55 million in the same quarter last year, driven by the recognition of deferred tax assets from customer downpayments.The comparison with the immediate preceding quarter (“Q1 FY2024”) further highlights Flexidynamic’s positive trajectory. Revenue surged from RM4.75 million in Q1 FY2024 to RM7.76 million in Q2 FY2024, while PBT experienced a remarkable 501.32% increase, rising from RM0.15 million to RM0.91 million. This strong performance underscores the Company’s ability to navigate a challenging environment and capitalise on the recovery in the glove industry.Mr. Tan Kong Leong, Managing Director of Flexidynamic, commented on the results: “The second quarter of FY2024 marks a significant period of recovery for Flexidynamic as the glove industry shows early signs of resurgence. While the global oversupply of gloves persists, particularly due to the excessive capacity expansion during the Covid-19 pandemic, we are optimistic about the long-term prospects of the industry. Increased hygiene awareness, especially in emerging markets with low glove consumption, is expected to drive demand. Our strategic focus on operational efficiency and cost management has allowed us to effectively leverage this recovery, leading to a substantial increase in profitability.”He added, “In addition to our core operations, we are pleased to announce our recent venture into gamma radiation sterilisation services in collaboration with Gammatech. This initiative not only serves our existing customers in the glove industry but also opens up new opportunities in sectors such as pharmaceuticals, food processing, and packaging. By offering these services, we are poised to expand our market reach and deliver even greater value to our shareholders.”Since its inception in 2012, Flexidynamic has firmly established itself in the rubber glove manufacturing industry. The strategic acquisition of Flexidynamic Engineering Co. Ltd. in Thailand in 2018 has expanded its presence across Southeast Asia, supported by operational offices in Malaysia and Thailand and a manufacturing facility in Banting, Malaysia. The Group has also diversified into infrastructure projects, including a recent RM12.4 million contract for the water treatment plant and water intake at Loji Rawatan Air Chupak, Jajahan Gua Musang, Kelantan, which is expected to contribute positively to earnings. Furthermore, with the Group’s planned provision of sterilisation services using gamma radiation through Gammatech, its 51%-owned subsidiary, Flexidynamic is set to serve not only its existing glove industry customers but also expand into pharmaceuticals, food processing, and packaging sectors, leveraging its expertise to drive sustained growth and diversification.ABOUT FLEXIDYNAMIC HOLDINGS BERHADFounded in 2012, Flexidynamic Holdings Berhad has established itself as a pivotal solutions provider in the rubber glove manufacturing sector, with a significant market presence in countries like Vietnam, Indonesia, and Sri Lanka, supported by strategic offices in Malaysia and Thailand. From its inception focusing on chlorination systems for powder-free glove production, Flexidynamic has expanded its product range and geographical footprint, particularly after the strategic acquisition of Flexidynamic Engineering Co. Ltd. in Thailand in 2018. This acquisition bolstered its support for overseas operations, mainly in the Southeast Asia region. With a relentless focus on innovation and a strong support base, Flexidynamic Group is poised for further growth, leveraging its expertise to venture into new markets and sectors.For more information, visit https://flexidynamic.com/.Issued By: Swan Consultancy Sdn. Bhd. on behalf of Flexidyanmic Holdings BerhadFor more information, please contact:Jazmin WanTel: +60 17-289 4110Email: j.wan@swanconsultancy.bizWilliam YeoTel: +60 13-213 2103Email: w.yeo@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
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GF Securities Announces its 2024 Interim Results

HONG KONG, Aug 31, 2024 - (ACN Newswire via SeaPRwire.com) - GF Securities Co., Ltd. ("GF Securities" or the "Company", together with its subsidiaries within the scope of its consolidated financial statements (“subsidiaries”), the “Group”; HKSE: 1776; SZSE: 000776) announced its interim results for the six months ended 30 August 2024 (the “Reporting Period”). During the Reporting Period, under the guidance of the Board of Directors, the management of the Company led all staff to carry out key work to focus on enhancing core business capabilities, cultivating new quality competitiveness, improving comprehensive service capabilities and boosting resource allocation efficiency, as a result of which, the Company’s operating results achieved stable development with a total revenue and other income of RMB17,136 million, and a net profit attributable to owners of the Company of RMB4,362 million. As of 30 June, 2024, the Group’s total asset amounted to RMB689,328 million, representing an increase of 1.05 % as compared to the end of 2023 ; and equity attributable to owners of the Company amounted to RMB140,703 million, representing an increase of 3.67% as compared to the end of 2023.As one of the first batch of pilot comprehensive management brokerages selected by the CSRC, GF Securities possesses licenses for a full range of services involved in four business segments, including investment banking, wealth management, trading and institution, and investment management. The Group has successively set up futures subsidiaries, public fund subsidiaries, private fund subsidiaries, alternative investment subsidiaries and asset management subsidiaries. With its unique value concept and pragmatic entrepreneurial style, the Company has built up a full-service chain with comprehensive layout and strong strength. In respect of regional development, the Company based in Guangdong and serves the whole country, connecting domestically and internationally, forges a leading national brokerage with a long-term vision and an open mind. Against this backdrop, the Company has maintained main operating indicators ranking among the top securities companies in China for many consecutive years, and established its leading advantages in various key business segments.Wealth Management Business Continues to Lead under Ongoing and Deepening TransformationThe Company has taken the lead in proposing wealth management transformation and has currently been equipped with excellent financial product research, sales capabilities and professional asset allocation capabilities. The Company had more than 4,400 securities investment advisors, ranking No. 1 in the industry (in terms of parent company caliber), striving to provide precise wealth management services to different clients.In the first half of 2024, the Company focused on strengthening the construction of investment research and professional investment & advisory service capabilities, continuing to build a differentiated product and service supply system, and promote the transformation of wealth management business into an investor-oriented buy-side investment advisory business to enhance investors’ sense of gain. In the domestic market, as of the end of June 2024, the total balance of financial products sold by the Company on a commission basis exceeded RMB220 billion, representing an increase of 4.00% as compared to the end of last year while the sales amount of financial products on the Yitaojin E-commerce platform (including Cash Return and Taojin Market amounted to RMB116.918 billion. In the overseas market, the Group further diversified its product offerings and continued to transform into wealth management with net sales income and balance of financial products and commissions for multi-market transactions achieving a year-on-year growth. In addition, the market share (in terms of trading volume and trading amount of futures) of GF Futures, the wholly-owned subsidiary of the Group, achieved year-on-year growth. GF Futures (Hong Kong) was awarded the Most Active Chinese Commodity Futures Broker of 2023 by the Singapore Exchange.At the end of June 2024, the Company had 356 branches and business departments nationwide, with a presence in 31 provinces, municipalities, and autonomous regions across the PRC. The number and coverage ratio of business outlets in the nine cities of the Pearl River Delta in the Guangdong-Hong Kong-Macao Greater Bay Area ranked No. 1 in the industry, providing a wide range of market reach for the Company’s business and laying important support for customer accumulation and service.Continuous Development of Insitutional Business with Outstanding Research Capabilies EmpowermentThe Company actively seizes the opportunities of reform on the investment, financing and trading, gives full play to the role of research in empowering and promoting the Company's core business, integrates resources to provide comprehensive solutions for institutional customers, improves institutional customer service capabilities and institutional customer service systems, and continues to expand institutional business.In the first half of 2024, the market-making business of the Company continued to be in the first echelon of the market, providing market-making services for more than 700 funds and all ETF options of the SSE and SZSE, and market-making services for CSI 300 stock index options and CSI 1000 stock index options of the China Financial Futures Exchange. The Company issued 44,559 private equity products through the China Securities Inter-agency Quotation System and OTC market, with a total amount of RMB338.330 billion. The Company became the lead market maker for stock index options of the China Financial Futures Exchange, and was granted the SSE’s 2023 Stock Option Market Development Contribution Award (Outstanding Option Market Maker Award and Contribution to New Option Varieties Award), the SZSE’s 2023 Outstanding ETF Liquidity Provider Award and Outstanding Option Market Maker Award, and the CFFEX’s 2023 Outstanding Stock Index Option Market Maker Award (Bronze Award). As the end of June 2024, the Company provided market-making services to 47 NEEQ enterprises while its bond market-making business created the “GF Securities Pearl River Delta ESG Sustainable Development Local Debt Basket ” to help market institutions actively participate in the green economy construction and sustainable development in the Pearl River Delta through portfolio investment.At the same time, as a primary dealer of OTC derivatives business with professional advantages in derivatives pricing and trading, the Company continued to strengthen the construction of team and system, enhanced product creation, strategy innovation and trading and sales capabilities, and diversified and expanded its product system, types of underlying products and revenue structure, so as to continuously provide institutional customers with asset allocation and risk management solutions through OTC derivatives.The Group continued to promote the research-driven business model and gave full play to the empowerment and promotion effect of research on the Company’s core business. As of the end of June 2024, the Group’s equity research covered 28 industries and 993 A-share listed companies in mainland China, and 154 Hong Kong and overseas listed companies. The Company achieved research results based on digital means such as GF research portal and mini programs, continued to explore in the direction of intelligence, and strived to build a multiplatform, multi-channel and multi-dimensional customer service system. During the Reporting Period, the industrial research institute of the Company continued to build an ecosystem of production, learning, research, investment and financial integration, empowered the development of various business segments, provided research support for policy formulation and industrial planning of government departments, and explored the establishment of industrial incubation and transformation cooperation mechanism with key scientific research universities to play a role as a bridge of “technology-finance-industry.The outstanding research capacity of the Company enjoys a high reputation in the industry and received numerous honors. The Company has received the New Fortune Domestic Best Research Teams and the New Fortune Most Influential Research Institution for consecutive years from 2017 to 2023, and Top 5 Golden Bull Research Institution award by China Securities Industry Analyst Golden Bull Award for consecutive years. Meanwhile, it ranked in the forefront in the selection of Sell-side Analyst Crystal Ball Award , Best Analyst of Shanghai Securities News, the Golden Kirin Best Analyst of Sina Finance and the Gold Analysts of the 21st Century .Continuous Improvement of Investment Banking Business with Outstanding FunctionalitiesGuided by customer demand, the Company has built an investment banking service system with a full business chain throughout the life cycle. During the Reporting Period, the Company actively implemented the national strategies and regulatory policies by adhering to the fundamental purpose of serving the real economy with finance and giving priority to functionality; focused on serving the development of new productive forces and national strategic emerging industries by deeply exploring “specialized, sophisticated, distinctive and innovative” enterprises and effectively fulfilled its responsibility as a “gatekeeper” in the capital market.In respect of domestic equity financing, as of the end of June 2024, the Company sponsored 43 companies listed on the NEEQ as the lead brokerage, of which 76.74% were “specialized, sophisticated, distinctive and innovative” enterprises. In respect of overseas equity financing, the Company completed two Hong Kong IPO projects including one IPO project as a sponsor with an issue size of HK$1.046 billion, ranking third in the market; completed two refinancing projects with an underwritten amount of HK$4.881 billion; and its equity financing business in Hong Kong ranked third among Chinese-based securities companies in terms of the total issuance size of IPOs and refinancing projects equally distributed among all underwriters, according to the statistics of Dealogic.In respect of bond and financing business, the Company attached great importance to serving national strategies and facilitated technological innovation enterprises to develop new productive forces; steadily enhanced its market position through leveraging the Group’s synergistic advantages, consistently expanding key regions, strengthening internal assessment mechanism and other measures, on the basis of a strict control of business development risk; and actively practices ESG to promote the green and lowcarbon development through bond and financing business. During the Reporting Period, the Company acted as the lead underwriter for 293 tranches of bonds, representing a year-on-year increase of 70.35%, with a lead underwritten amount of RMB152.428 billion, representing a year-on-year increase of 64.63%; acted as the lead underwriter for 52 tranches of various science and technology innovation bonds with an underwritten amount of RMB19.128 billion; and acted as the lead underwriter for 4 tranches of various low-carbon transformation and green bonds with an underwritten amount of RMB1.088 billion. In respect of Chinese offshore bond business, 33 bonds were issued with an underwritten amount of US$5.617 billion.In respect of financial advisory business, centered around the guidance of national industrial policies, financial policies and regional development policies, the Company practiced the business model of “One Guangfa” by holding a forum on merger and acquisition of new productive forces and building a merger and acquisition business ecosystem to provide customers with multi-level and all-round comprehensive services, promoting the orderly circulation of assets and capital. During the Reporting Period, the Company completed two projects in major asset restructuring and financial advisory business that had industry and regional influence, involving a total transaction amount of approximately RMB12.851 billion; and completed one overseas equity transaction, involving a transaction amount of approximately HK$1.098 billion. Two transactions in which the Company acted as buyer’s financial advisor were awarded the 2023-2024 Top Ten Domestic M&A Golden Whistle Award.In the future, GF Securities will continuously commit to its corporate values of “inquisitiveness and integrity” and carry forward its excellent cultural genes of an “army of doctors”, with knowledge as the guarantee and professionalism as the cornerstone, continue to deepen and consolidate the Company 's outstanding location advantage in the Guangdong-Hong Kong-Macao Greater Bay Area and other places, deploy long-term strategies to well develop business with higher standard, accelerate high-quality development and contribute to serving the real economy. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Celeb-red our Nation’s Birthday with LAC! ACN Newswire

Celeb-red our Nation’s Birthday with LAC!

SINGAPORE, Aug 31, 2024 - (ACN Newswire via SeaPRwire.com) - The last few years have been tumultuous, marked by rising inflation, job market fluctuations and housing market volatilities, among other challenges. Despite these difficulties, Singaporeans have shown remarkable resilience, navigating adversity with unwavering strength and determination.Mental resilience aside, the pandemic has also highlighted the importance of maintaining our health resilience, prompting a growing emphasis on enhancing and safeguarding physical health in its aftermath. In fact, a recent Yougov survey found that three out of five residents in Singapore plan to place emphasis on their physical health as their top new year resolution in 2024.In line with this year's National Day theme of "Together, As One United People," LAC (pronounced L-A-C) is dedicated to playing its part in supporting Singaporeans' immunity and health resilience. With a wide range of speciality supplements made conveniently available to people across all walks of life, LAC aims to help individuals tide through current and future health challenges, reinforcing our collective strength, unity and well-being.Formulated with Traditional Chinese Medicine ingredients such as Lingzhi and Cordyceps, LAC ACTIVATED® Zhi® Immunity serves as a natural booster of the immune system. These well-known ingredients help strengthen the body’s natural resilience, accelerate recovery and boost energy levels to safeguard against illnesses caused by the fatigue of daily life. Additionally, the natural energy boosters found in LAC ACTIVATED® Zhi® Immunity also help to improve focus and alertness without relying on the need for stimulants such as caffeine.For busy individuals looking to enhance their immunity, multivitamins can be a convenient addition to daily routines. LAC Women’s Mega Multi Active and LAC Men’s Mega Multi Active are designed with essential ingredients like Zinc and Vitamin C to support immune health, making them perfect for those with demanding schedules. These supplements also cater to the different nutritional needs of men and women with calcium to combat osteoporosis in women and Branched-Chain Amino Acids to enhance exercise performance and muscle growth in men, serving as an effective and convenient all-in-one solution to help bolster the body’s natural immunity and safeguard against potential illnesses.As the nation celebrates shared identities and resilience this National Day, it is crucial to prioritise physical health amidst current societal challenges, so as to be fully present to spend quality time with people who matter. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Gome Retail Continue to Focuses on Main Business, Actively Innovates and Transforms to Reduce Costs and Increase Efficiency ACN Newswire

Gome Retail Continue to Focuses on Main Business, Actively Innovates and Transforms to Reduce Costs and Increase Efficiency

HONG KONG, Aug 30, 2024 - (ACN Newswire via SeaPRwire.com) - Gome Retail Holdings Limited (Stock code: 493.HK, "Gome Retail" or the "Company", together with its subsidiaries, “the Group”) announced its unaudited six-month results for the six months ended June 30, 2024 (the "Reporting Period").Focusing on the main industry to consolidate the border, take multiple measures to actively resolve the debt problemIn the first half of 2024, the domestic economy was affected by the severe and complex international environment and cyclical adjustments of domestic policies, and recovery was still slow. From an industry perspective, real estate market declined significantly, and the income growth of local governments and households slowed down. The home appliance industry has been affected by these factors, and the retail sales growth of all types of home appliances has slowed to varying degrees in the first half of the year. In the first half of 2024, the Group recorded revenue of approximately RMB169 million; and loss attributable to owners of the parent was approximately RMB4,432 million.In the first half of 2024, the Group continued to focus on its core retail business, activate the “Home‧Living” omni-retail ecosystem, actively and extensively explore a variety of procurement channels and methods, and focus on the retail of home appliances, consumer electronic products, groceries and various types of daily necessities. It also promoted offline upgrades and strengthened new operating methods such as online live streaming. In addition, it accelerated the development of franchising business and the GOME Automobile Experience Hall commenced its operation, creating new growth opportunities. In respect of dealing with its debt issues, the Group has continued to divest from serious lossmaking businesses and non-core assets. Furthermore, it also disposed some of its long-term assets to settle debts, and actively negotiated with creditors for debt settlements.Reshape the retail business, promote single store franchises, and continue to optimize and upgrade new model business strategiesGome's new retail model business strategy continues to be optimized and upgraded. On the one hand, Gome uses live broadcast as the fulcrum to promote the focus on its main business, tap new increments through short videos, live broadcast and other marketing models, and consolidate online business; on the other hand, the Company actively promotes single-store franchises As the core asset-light joint venture and cooperation model, we get rid of "heavy assetoperation" and open up "single store franchise" with the "light asset", "heavy operation" and "strong management" operating model. The Company fully opens brand authorization to franchisees, focuses on supply chain model innovation, and shifts from electrical appliance franchises to all-industry franchises, quickly forming a franchise network of different models and different formats. Based on maintaining the original franchise equity cooperation, single stores are encouraged to join similar franchise equity form of cooperation.During the reporting period, the single-store franchise joint venture cooperation model has entered the substantive operation stage and achieved rapid development, attracting the attention of many investors. At present, dozens of companies have signed contracts, and nearly a hundred companies are in the process of signing contracts.Actively exploring new business growth curves, the GOME Automobile Experience Hallhas received enthusiastic response from the marketGome Retail focuses on the experience of its main business, at the same time, actively thinks about changes and strives for progress, explores new growth models, and builds offline automoblie experiencehall. Gome Automobile Experience Hall is OMO's one-stop car selection, car purchase, and car use platform with product closed-loop empowerment capabilities. It uses a solid store expansion model to empower the automoblie product market and solve the problem of individual car dealers' purchase difficulties and expensive purchases. Meanwhile, it also ensures that consumers in various regional markets can buy new car products with clear channels, low prices and transparency, bringing consumers a new car buying experience. With its unique business model and enabling support including vehicle source channels, logistics and warehousing, Gome Automobile Experience Hall has received cooperation intentions from many well-known domestic and overseas automobile brands. During the Reporting Period, the Gome Automobile Experience Hall has started substantial operations and has received good market feedback.Looking ahead, the government emphasized the active expansion of domestic demand, further clarified the comprehensive relaxation of real estate controls, and emphasized that "the focus of economic policies will shift more to benefiting people's livelihood and promoting consumption." It is believed that more positive policies will be introduced in the second half of this year to support the economy. With a steady recovery, the industry environment is expected to improve.Gome Retail management said: “In the future, the retail industry will face more new opportunities and challenges, Gome has never forgotten its original intention of serving the people's better life and its responsibility as a listed company. The Company's management will still work hard, lean management, integrate resources and business collaboration, and create direct operational contributions; at the same time, we also look forward to continuing to work with more partners to empower each other and jointly help the retail industry to upgrade and iterate, to satisfy Chinese families’ pursuit of a better life.”- End -About GOME RETAIL HOLDINGS LIMITEDGOME RETAIL HOLDINGS LIMITED was listed on the Hong Kong Stock Exchange in July 2004 (Stock Code: 493HK). Founded in 1987 in China, GOME is committed to building China's leading technology-based, experiential, entertainment-oriented and socialized home-life technology retailer. With the strategy of "Home Living", Gome Group focuses on retailing of electrical appliances and consumer electronics products, and builds a closed-loop ecosystem for the entire product line.Please visit our website for more information: www.gome.com.hkIssued by EVER BLOOM (HK) COMMUNICATIONS CONSULTANTS GROUP LIMITED for and on behalf of GOME Retail Holdings Limited. For further information, please contact:EVER BLOOM (HK) COMMUNICATIONS CONSULTANTS GROUP LIMITEDMs Wu Xiaoyue / Ms Isla GuTel:(852) 3468 8874 Fax:(852) 2111 1103Mail:xiaoyue.wu@everbloom.com.cn/jin.gu@everbloom.com.cn Copyright 2024 ACN Newswire via SeaPRwire.com.
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Legend Holdings Recorded a Revenue of RMB233.4 Billion in H1 2024

HONG KONG, Aug 30, 2024 - (ACN Newswire via SeaPRwire.com) - Legend Holdings Corporation (“Legend Holdings” or the “Company”, Stock Code: 3396. HK) announces the unaudited condensed consolidated interim results of the Group for the six months ended 30 June 2024 (the “Reporting Period”). In the first half of 2024, adhering to high-quality development driven by technological innovation, Legend Holdings prioritized stability while pursuing progress, responded to changes in macro factors, strived to develop new quality productive forces, and the Company’s core competitiveness was steadily improved. During the Reporting Period, the Company recorded revenue of RMB233.4 billion, representing a 16% year-on-year increase, with net profit increasing to RMB2.805 billion. The net profit attributable to equity holders of the Company was RMB286 million, and this year-on-year decrease recorded was primarily due to the increasing complexity and uncertainty of global economy, which had impacts on profits contributed by diversified-industries operation segment as well as the investment business of industrial incubations and investments segment.During the Reporting Period, Legend Holdings continued to drive industrial innovation through sci-tech innovation, emphasizing new quality productive forces as a key focus for the enterprise’s high-quality development, expanding its presence in frontier industries such as artificial intelligence, biopharmaceuticals, advanced materials and new energy, while exploring emerging frontiers and achieving positive outcomes in building up modernized industrial system. The Company has been committed to increasing its investment in technology development and innovation, with accumulated R&D investments increasing 3.4% to RMB7.3 billion. Lenovo Group, a subsidiary of Legend Holdings, achieved milestone breakthroughs in strategic products, including the launch of the first AI PCs worldwide and several AI servers. Meanwhile, the Legend Holdings Family Group has stepped up developments in frontier industries such as advanced materials, innovative drugs, biomanufacturing, and commercial space. Legend Holdings has also made forward-looking investments, making early moves in new sectors such as quantum technology and life sciences, which are expected to become the growth drivers for new quality productive forces. During the Reporting Period, Legend Holdings has invested in nearly 40 technology projects, and to date, the Company has invested in a total of 120 national specialized and innovative “little giant” enterprises, maintaining an industry-leading position.Legend Holdings has always been committed to serving national strategic needs and actively promoting the high-quality development of the manufacturing industry chain. By advancing new industrialization and boosting China’s strategic strength in manufacturing, and digital development, Legend Holdings has promoted the intelligent transformation and upgrading of China’s manufacturing industry. Currently, 90% of China’s top 500 manufacturers, over 1,000 leading manufacturing enterprises, and more than 2,000 growth manufacturing enterprises have received support from the Legend Holdings Family Group. Meanwhile, funds under the management of Legend Holdings have invested over RMB20 billion in the manufacturing sector, promoting the listing of dozens of manufacturing enterprises and fostering about 20 niche-sector leaders in the industry. As the world’s leading AI full-stack product portfolio and solution service provider, Legend Holdings has intensified its efforts to expand its footprint in AI and promote AI applications and built a vibrant AI+ application ecosystem with cumulative investments in over 250 AI-related companies. Meanwhile, Legend Holdings has actively promoted the industrialization of digital sectors and digital transformation of various industries. This includes supporting the proactive construction of digital infrastructure, and building a nationwide integrated computing power network to advance the deep integration of the digital economy with the real economy.Legend Holdings has always insisted on integrating the green concept into its high-quality development and actively fulfilled its social responsibilities. Lenovo Group was the first domestic high-tech manufacturer to pass the Science Based Targets initiative (SBTi) net-zero target validation, and its MSCI ESG rating remains at AAA, the highest rating in this assessment. A number of green industrial projects newly laid out by Levima Advanced Materials were completed in the first half of the year, and multiple projects are scheduled to be completed and put into production in 2025. ZQET Group is expanding in the photovoltaic industry. It has invested in a 20GW N-type high-efficiency solar cell smart manufacturing project, with the first phase already in operation and its core products ranking among the top tier of the industry. Meanwhile, Legend Holdings focuses on systematic planning and long-term investment in public welfare areas such as “rural revitalization”, “innovative technology” and “promoting righteousness”, and has been keeping contributing Legend's value to the society.In the face of challenges and opportunities, Legend Holdings will continue to deepen the high-quality development led by scientific and technological innovation. While strengthening its industrial foundation and optimizing the resource allocation, the Company will expand its presence in frontier areas, cultivate emerging and future industries, further focus on new quality productive forces, and build its new core competitiveness. Copyright 2024 ACN Newswire via SeaPRwire.com.
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