Mazda Production and Sales Results for July 2024 JCN Newswire

Mazda Production and Sales Results for July 2024

HIROSHIMA, Japan, Aug 29, 2024 - (JCN Newswire via SeaPRwire.com) - Mazda Motor Corporation's production and sales results for July 2024 are summarized below.I. Production BreakdownJul 2024Jan - Jul 2024UnitsYoYChange (%)UnitsYoYChange (%)DOMESTIC PRODUCTIONPassenger Vehicles78,529+8.7447,057-8.4Total78,529+8.7447,057-8.4 OVERSEAS PRODUCTIONPassenger Vehicles33,244+10.3256,706+14.4Total33,244+10.3256,706+14.4 GLOBAL PRODUCTIONPassenger Vehicles111,773+9.2703,763-1.2Total111,773+9.2703,763-1.21. Domestic ProductionMazda's domestic production volume in July 2024 increased 8.7% year on year due to increased production of passenger vehicles.[Domestic production of key models in July 2024]CX-5:29,947 units(down 0.1% year on year)CX-30:11,778 units(up 1.5%)MAZDA3:9,690 units(up 5.8%)2. Overseas ProductionMazda's overseas production volume in July 2024 increased 10.3% year on year due to increased production of passenger vehicles.[Overseas production of key models in July 2024]CX-30:10,212 units(down 12.4% year on year)CX-50:6,836 units(up 69.2%)MAZDA3:5,181 units(down 21.8%)II. Domestic Sales BreakdownJul 2024Jan - Jul 2024UnitsYoYChange (%)UnitsYoYChange (%)DOMESTIC SALESPassenger Vehicles10,622-24.774,132-30.9Commercial Vehicles808-18.05,962-20.3 Registration Total8,392-28.857,415-38.6Micro-mini Total3,038-8.222,679+6.6Total11,430-24.280,094-30.3Mazda's domestic sales volume in July 2024 decreased 24.2% year on year due to decreased sales of passenger and commercial vehicles.Mazda's registered vehicle market share was 3.2% (down 1.5 points year on year), with a 2.1% share of the micro-mini segment (down 0.5 points) and a 2.8% total market share (down 1.2 points).[Domestic sales of key models in July 2024]CX-5:1,826 units(down 15.3% year on year)CX-30:1,502 units(up 8.6%)MAZDA2:1,489 units(down 18.0%)III. Exports BreakdownJul 2024Jan - Jul 2024UnitsYoYChange (%)UnitsYoYChange (%)EXPORTSPassenger Vehicles62,452+12.7383,591-3.8 North America27,156+17.7168,226+2.9Europe14,215-7.687,912-11.4Oceania4,176-16.437,644-0.4Others16,905+41.389,809-8.6Total62,452+12.7383,591-3.8Mazda's export volume in July 2024 increased 12.7% year on year due to increased shipments to North America and other regions.[Exports of key models in July 2024]CX-5:24,696 units(down 3.7% year on year)MAZDA3:9,433 units(up 12.1%)CX-30:9,389 units(up 34.2%)IV. Global Sales BreakdownJul 2024Jan - Jul 2024UnitsYoYChange (%)UnitsYoYChange (%)GLOBAL SALESDomestic Sales11,430-24.280,094-30.3 U.S.A39,863+30.1242,350+13.0 China4,816-38.346,504+17.5 Europe12,052-10.4107,146-2.1 Others37,187+6.5249,818+1.1Overseas Sales93,918+8.2645,818+5.8Total105,348+3.4725,912+0.1Mazda's global sales volume in July 2024 increased 3.4% year on year due to increased sales in the U.S. and other regions.[Global sales of key models in July 2024]CX-5:28,538 units(down 0.8% year on year)CX-30:20,310 units(up 22.8%)MAZDA3:13,983 units(down 12.1%)*1) Overseas production figures indicate Mazda-brand units coming off the production line (excluding CKD units).*2) Global production figures are the sum total of domestic and overseas production volumes.*3) All information in this press release is as of the date of the publicity. No updates after that date are reflected. Copyright 2024 JCN Newswire via SeaPRwire.com.
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Toyota: Sales, Production, and Export Results for July 2024 JCN Newswire

Toyota: Sales, Production, and Export Results for July 2024

Toyota City, Japan, Aug 29, 2024 - (JCN Newswire via SeaPRwire.com) - Toyota Motor Corporation announces its sales, production, and export results for July 2024 as well as the cumulative total from January to July 2024, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.To view more information on the sales, production, and export results by country and region, including specific details on the reasons for any changes in results, data from the past 10 years of sales, production, and export results, and data concerning electrified vehicle sales and Lexus sales, please download the document titled "Detailed data" from the top of this page.This document also includes sales, production, and export results and data concerning electrified vehicles sales and Lexus sales for every month in the past two years.Click here for detailed sales, production, and export results ("Detailed data (Excel)") Copyright 2024 JCN Newswire via SeaPRwire.com.
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Bocah secara tidak sengaja menghancurkan artefak berusia 3.500 tahun di museum Israel Berita

Bocah secara tidak sengaja menghancurkan artefak berusia 3.500 tahun di museum Israel

(SeaPRwire) - Seorang anak laki-laki yang sedang berkunjung ke sebuah museum secara tidak sengaja menjatuhkan guci berusia 3.500 tahun, sehingga pecah."Ada beberapa kasus di mana barang pajangan dirusak dengan sengaja, dan kasus-kasus semacam itu ditangani dengan sangat serius, termasuk melibatkan polisi," kata Lihi Laszlo dari Hecht Museum."Namun, dalam kasus ini, situasinya tidak seperti itu," kata Laszlo. "Guci itu rusak secara tidak sengaja oleh seorang anak kecil yang mengunjungi museum, dan tanggapannya akan sesuai."Guci itu berasal dari Zaman Perunggu, antara 2200 dan 1500 SM — sebelum masa pemerintahan Raja Daud dan Salomo — dan guci itu utuh, menjadikannya penemuan yang langka dan berharga. Para ahli berspekulasi bahwa guci itu mungkin digunakan untuk menyimpan perbekalan lokal, seperti anggur dan minyak zaitun.Museum, yang terletak di Haifa, telah memajang benda itu di dekat pintu masuk dan tanpa perlindungan untuk memberikan "pandangan tanpa halangan."Anak laki-laki itu telah menarik guci itu untuk mengetahui apa yang ada di dalamnya, dan hal itu menyebabkan guci itu jatuh dan pecah berkeping-keping. Museum segera menunjuk seorang spesialis konservasi untuk memperbaiki guci itu, yang akan dikembalikan ke tempatnya di dekat pintu masuk depan setelah selesai.Museum menegaskan bahwa benda itu juga akan dikembalikan tanpa halangan.Museum-museum Israel tidak asing dengan insiden yang menghancurkan karya-karya tak ternilai: Seorang turis Amerika diduga menghancurkan patung di Israel Museum di Yerusalem pada bulan Oktober tahun lalu.Turis itu diduga menghancurkan sepasang patung Romawi yang berasal dari abad ke-2 karena patung itu "bertentangan dengan Taurat." Namun, pengacaranya membantah bahwa kliennya bertindak karena "fanatisme agama."Salah satu patung menggambarkan Athena, putri Zeus, dan yang lainnya menggambarkan griffin yang memegang roda takdir dewa Romawi Nemesis, menurut The Times of Israel.Polisi menangkap turis itu di tempat kejadian, hanya mengidentifikasinya sebagai turis Yahudi Amerika berusia 40 tahun.Artikel ini disediakan oleh penyedia konten pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberikan jaminan atau pernyataan sehubungan dengan hal tersebut. Sektor: Top Story, Daily News SeaPRwire menyediakan distribusi siaran pers real-time untuk perusahaan dan lembaga, menjangkau lebih dari 6.500 toko media, 86.000 editor dan jurnalis, dan 3,5 juta desktop profesional di 90 negara. SeaPRwire mendukung distribusi siaran pers dalam bahasa Inggris, Korea, Jepang, Arab, Cina Sederhana, Cina Tradisional, Vietnam, Thailand, Indonesia, Melayu, Jerman, Rusia, Prancis, Spanyol, Portugis dan bahasa lainnya.
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B2BROKER and Spotware Partnership – B2COPY Now Integrated with cTrader SeaPRwire

B2BROKER and Spotware Partnership – B2COPY Now Integrated with cTrader

New York, NY – August 29, 2024 – (SeaPRwire) – B2BROKER, the company behind the powerful B2COPY investment solution, is pleased to announce its full integration with Spotware’s cTrader, the premium and first Open Trading Platform. This integration offers cTrader brokers and traders the ability to leverage both platforms’ innovative features and enjoy a superior, more efficient copy trading experience. Special Characteristics of B2COPY on cTrader Platform B2COPY introduces an innovative institutional-grade copier for cTrader, the first of its kind that doesn’t require users to log into their cTrader accounts. Additionally, B2COPY is rolling out the first-ever PAMM (Percent Allocation Management Module) for cTrader. The MAM (Multi-Account Manager) solution from B2COPY stands out with its institutional-level services, such as automated fee payment processing, smooth integration with IB modules, and progressive risk management offerings. The Edge of B2COPY cTrader’s integration with B2COPY introduces several upgraded capabilities. Trading Flexibility – Investors using B2COPY on cTrader can manage trades on their accounts, close positions that were copied, and detach their trades from the master’s positions. Flexible Fee Settings – Masters can alter their fee plans, craft promotional deals for clients, and implement different fee structures tailored to individual clients. Multiple Allocation Methods – B2COPY on cTrader provides flexibility with various allocation methods, including equity-based proportional allocation, balance allocation, and fixed lot allocation. Advanced Copying Features – B2COPY on cTrader includes functionalities such as pausing and reversing copy trades, personalising user nicknames and avatars, and changing the names of strategies. User-Friendly Integrations – B2COPY’s seamless integration with B2CORE CRM, along with compatibility with other proprietary CRMs, means users do not need to access the trading platform separately. Website Widgets – The integration widgets provided by B2COPY on cTrader, including leaderboards and personal statistics pages, help enhance user engagement and promote transparency. Why cTrader cTrader is a distinguished multi-asset FX/CFD trading platform, recognised for its powerful and all-encompassing ecosystem, serving the broad needs of Brokers, Prop Firms, IBs, and Traders. cTrader enables seamless integration with third-party services through its multiple APIs. The Open API simplifies the process of developing custom applications that are connected to the cTrader backend. Brokers and prop firms can customise the cTrader UI extensively with plugins, allowing for the incorporation of bespoke features that align with their business needs. Brokers and prop firms receive cTrader as a cloud-based solution, delivered ready-to-use and hosted on Spotware’s top-tier infrastructure, ensuring exceptional performance. cBroker, included in the cTrader suite, is a flexible and powerful management system that provides brokers and prop firms with endless possibilities for system customisation and management. Brokers and prop firms can confidently build a competitive edge and enhance their market reputation with cTrader, the fastest-growing FX/CFD trading platform. Within the trading community, cTrader is celebrated for its impressive features, including: Diverse order types coupled with advanced protection features Extensive charting tools and technical analysis options Level II market data with rapid execution speeds Smooth entry into algorithmic and social trading Visually appealing UI with a user-focused design Support across all major platforms: web, desktop, macOS, iOS and Android. IBs consider cTrader the top choice for expanding their referral base with: cTrader Invite – A complete toolkit designed to aid partners in attracting new traders by showcasing appealing cTrader products and converting them into referrals effectively. cTrader Copy – A full-scale social trading platform with hundreds of successful strategies, crafted to engage new users and foster live trading participation. cTrader Algo – A sophisticated automated trading solution that simplifies algorithm creation and supports 24/7 cloud execution of cBots on all cTrader apps. Additional partner tools – Features include signal links for sharing trading opportunities, Chart Streams for distributing technical analysis, and shared access for money managers, among other benefits. “With this integration with Spotware, we have brought advanced features and unprecedented flexibility to the traders. B2COPY offers the first-ever PAMM and MAM for professional money managers, multiple allocation methods, and a variety of fee types, including subscription and joining fees, to cTrader users. Also, our performance fee calculation options provide more flexibility for brokers and their clients. We’ve worked really hard to integrate these sophisticated features into B2COPY, and we’re excited to welcome cTrader and their users to experience these benefits.” by Sergey Ryzhavin, CPO of B2COPY “We are excited that B2BROKER has joined our extensive network of partners, and thrilled to develop the market together. At cTrader, we are committed to collaborating with top technology providers to deliver an exceptional and premium trading experience to our users. Through partnerships like this, cTrader maintains its status as the first Open Trading Platform, offering limitless opportunities for integration and customisation within our platform.” by Ilia Iarovitcyn, CEO of Spotware (Creators of cTrader) B2BROKER and Spotware believe that their partnership will advance the trading community, improve user experience and operational efficiency, and serve as a significant step forward for both prominent solution providers. About Spotware Spotware is a global technology provider, successfully delivering cutting-edge fintech solutions and infrastructure for over 14 years. The company has cultivated a sophisticated network of 250+ brokers and prop firms, including notable names like IC Markets, Pepperstone, FTMO, and Funding Pips. With a user base exceeding 4 million traders, cTrader, Spotware’s flagship platform, stands out for its unparalleled innovativeness and user-friendly UI, setting new standards across the industry. For more details or to request a demo, please reach out. B2BROKER – sales@b2broker.com Spotware – sales@spotware.com Media contact Brand: B2Broker Contact: +44 208 068 8636 Contact: Ketevan Julukhadze E-mail: sales@b2broker.com Website: https://b2broker.com The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Sectors: Top Story, Corporate News SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in different languages, including: IndonesiaFolk, IndoNewswire, SEATribune, IDNewsZone, LiveBerita, DailyBerita, TaiwanPR, SinchewBusiness, AsiaEase, BuzzHongKong, SingapuraNow, TIHongKong, TaipeiCool, TWZip, AsiaFeatured, dePresseNow, THNewson, KULPR, VNFeatured, MENAEntry, HunaTimes, DubaiLite, ArabicDir, BeritaDaring, TekanAsia, JamKopi ...
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Hitachi and KDDI Announce the Contents of a Joint Exhibition in Expo 2025 Osaka, Kansai, Japan’s “Society 5.0 and Future City” JCN Newswire

Hitachi and KDDI Announce the Contents of a Joint Exhibition in Expo 2025 Osaka, Kansai, Japan’s “Society 5.0 and Future City”

TOKYO, Aug 29, 2024 - (JCN Newswire via SeaPRwire.com) - Hitachi, Ltd. (“Hitachi”) and KDDI Corporation (“KDDI”) today announced the outline of a joint exhibition (“the Exhibition”), “Society 5.0 and Future City” at the “Future Life Expo: Future City” project (“the Future City”), a part of the Future Society Showcase Project Exhibition in Expo 2025 Osaka, Kansai, Japan (“the Expo”).The concept of the Exhibition is “We can change the future.” Visitors can choose solutions for the future issues and experience how the city in the future will change through simulations.Hitachi and KDDI will work together with visitors to realize Society 5.0, a human-centered society where people live vibrantly, by combining the know-how and technologies of both companies, which have been cultivated as providers ofsocial infrastructure and platforms that support cities.Overview of Society 5.0 and Future CityThe exhibition consists of a “Theater Zone” and an “Action Zone.”(1) About the Theater Zone- Facility Overview: This is a theater-style facility that can accommodate 120 visitors at a time and offers an interactive experience of choosing a solution for creating the city in the future using smart devices. It embodies a “cyber-physical system,” that uses advanced IT systems to link cyber space and physical space to analyze current conditions and predict the future in order to solve social issues. The environment providing similarexperience as the Theater Zone will be built on the Metaverse and will be available for visitors to experience from outside the venue of the Expo.- Story: The Theater Zone is set up as a cyber space where visitors can look into the future of 2035 andparticipate in solving problems. Visitors will receive SOS on familiar themes from a child living in the future in 2035. All 120 visitors will think together and choose a solution, while having fun and deepening theirunderstanding of future issues and options with a navigator.Visitors can experience how the city in the future will change with the solutions they choose as they guide thechild living in the future through a simulation in cyber space.(2) About the Action Zone•This is a gaming experience that children can enjoy participating in while moving their bodies. Visitors can experience how each action lead to solutions to urban issues and change the city in the future. Details will be announced later.The city in the future on a virtual platformKDDI will provide the city in the future on a virtual platform during the Expo. This city in the future will be built not onlyby KDDI but also by other sponsors of the Future City.Visitors can think about the future they want to live in bywalking around the city as an avatar and interacting with the sponsor's future technology and talking with the city's residents. Details will be announced later.Previous Press ReleasesAugust 2, 2023, Press ReleaseHitachi and KDDI to Jointly Exhibit in Expo 2025 Osaka, Kansai, Japan’s “Future Life Expo: Future City,” a Project Showcasing a Future City www.hitachi.com/New/cnews/month/2023/08/230802b.htmlAbout Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railwaysystems, and “Connective Industries” – connecting products through digital technology to provide solutions in variousindustries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company's website at www.hitachi.com.About KDDI CorporationKDDI is a telecommunication service provider in Japan, offering multitude of services to individual customers through its “au”, “UQ mobile” and “pivo” brands, and to corporate customers through its “KDDI BUISNESS” brand.In May 2022, KDDI had stated “KDDI VISION 2030: The creation of a society in which anyone can make their dreams areality, by enhancing the power to connect”. Under this vision, KDDI is promoting its business strategy in the Mid-Term Management Strategy (FY2022–FY2025), defined as the “Satellite Growth Strategy”. With a focus on 5G communications, data-driven practices, and generative AI, KDDI will accelerate business growth by providing value-added services in the growth areas of DX, finance, energy, and life transformation (LX) which encompasses five areas of future growth (Mobility, Sports/Entertainment, Web3/Metaverse, Healthcare, and Space).Placing "sustainability management" at the core, KDDI will aim to achieve the sustainable growth of society and the enhancement of corporate value together with our partners, by harnessing the “Satellite Growth Strategy” and strengthening the management base. Copyright 2024 JCN Newswire via SeaPRwire.com.
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Cirrus Aircraft (2507.HK) Announces 2024 Interim Results

Results Highlights for the Six Months Ended June 30, 2024:- Revenue reached to approximately US$475.4 million, grew by 11.6% YoY- Gross Profit amounted to approximately US$163 million and gross profit margin was 34.4%- Profit grew significantly by 23.6% to approximately US$35.6 million- In the first half of 2024, the Company brought to market the 7th generation (G7) of the SR2X Series, which has been the best-selling single-engine piston model aircraft in the world for the last 22 consecutive years.- Net orders increased for both the SR2X and Vision Jet combined for the six months ended June 30, 2024 by a total of 107 units from 255 for the six months ending June 30, 2023 to 362 for the six months ending June 30, 2024.HONG KONG, Aug 29, 2024 - (ACN Newswire via SeaPRwire.com) - Cirrus Aircraft Limited (“Cirrus Aircraft” or “Company”) and its subsidiaries (together, the “Group”)( 2507.HK) announces the unaudited consolidated results for the six months ended June 30 2024 (the “Reporting Period”).During the Reporting Period, revenue of the Group grew by 11.6% to US$475.4 million, as compared with US$426.0 million for the same prior year period. Gross profit increased by 10.0% to US$163.4 million as compared with US$14.8 million for the same prior year period. Profit for the Reporting Period significantly increased by 23.6% from US$28.8 million for the same prior year period to US$35.6 million. It is primarily due to increased aircraft deliveries, increased pricing on the aircraft, and better mix of revenue generated from Cirrus Services and Other towards its services with higher margin.The leading aircraft manufacturer in the global personal aviation marketSince the inception in 1984 in Wisconsin, United States, Cirrus Aircraft is committed to design, develop, manufacture, and sell premium aircraft recognized across the personal aviation industry, which incorporate innovations in safety, technology, connectivity, performance, and comfort. The Company’s two aircraft product lines, the SR2X Series and the Vision Jet, have successfully set the industry standard for owner-piloted aircraft and are currently certified and validated in more than 60 countries with cumulative deliveries of over 9,700 SR2X Series aircraft and over 500 Vision Jet aircraft worldwide as of the June 30, 2024.As part of its wide-ranging product offering strategy, the Company’s SR2X Series consists of an entry level aircraft, the SR20, as well as the SR22 and SR22T, both of which offer increasing levels of performance and capabilities addressing different customer needs and preferences for a single-engine piston aircraft. SR2X Series aircraft can typically carry up to four adults and one child. The Vision Jet targets a different and more premium segment of the personal aviation market and offers significantly enhanced performance, capabilities and specifications at a higher price point. The Vision Jet is also designed for owners to fly at jet speed without requiring support from a full-time pilot or flight department. The Vision Jet can typically carry up to five adults and two children. With the launch of the G7 line and continuous upgrade of product portfolio, it will sustain the growth of the business and continue to provide a premium experience for the customers.In the first half of 2024, Cirrus Aircraft delivered 20 more aircraft and the average sales prices (“ASP”) of all deliveries steady increased as compared to the same period in 2023. The average sales price of the SR2X aircraft deliveries was approximately US$1.04 million compared to US$0.99 million in the same period in 2023. The average sales price of the Vision Jet aircraft deliveries was US$3.33 million compared to US$3.08 million in the same period in 2023. At the same time, net orders increased for both the SR2X and Vision Jet combined for the six months ended June 30, 2024 by a total of 107 units from 255 for the six months ending June 30, 2023 to 362 for the six months ending June 30, 2024. This increase is partly attributable to the launch of the G7 line as well as the continuation of the product ladder between the two product lines and the growing ecosystem around the ownership experience. The significantly increased net orders recorded during the Reporting Period will bring a great momentum for the steady growth of the Company.Outlook and Future PlanIn the future, Cirrus Aircraft will continue to focus on product improvement, model upgrades and ongoing generational changes to equip its aircraft with new technologies and designs to consolidate the leading position of the industry. Meanwhile, the Company intend to adopt a series of measures, including monetize installed base through establishing, among many things but not limited to, new maintenance programs, and expanding aircraft management solutions and an array of useful customer services, enhance flight training solutions, advance and expand its aircraft and services portfolio, advance production capabilities, expand its markets globally and establish on-demand personal aviation solutions, to support the future business development and the long-term steady growth of the Company.In recent, as part of the ongoing efforts to increase the capacity and efficiency of the manufacturing facilities, the Company has also completed significant improvements in its manufacturing facility in Grand Forks, including expanded autoclave and mold capacity. In addition, the Company continues to increase the areas of the production facilities in which the Company has implemented its Cirrus Operating System (COS) which continues to increase the operating efficiency. Cirrus Aircraft anticipates these continued improvements will help increase and support future production.In regards to the marketing strategy, the Company adjusted its sales structure in the United Kingdom and France from CSAs to direct sales, which the Company anticipates will drive growth in these markets by developing direct relationships with the customers earlier in the sales cycle, maintaining closer relationships throughout the customers’ ownership experience and allowing the Company to strategically and directly drive sales and marketing initiatives. Moreover, the Company continues to expand the investment within its product portfolio. In April 2024, the Company received the production certificate from Federal Aviation Administration of the U.S. Department of Transportation for its SR10 aircraft, which is the first of its kind clean sheet design exclusive to training the next generation of pilots. - End -About Cirrus Aircraft LimitedCirrus Aircraft Limited is a pioneer and an established global market leader in the personal aviation industry, according to Frost & Sullivan. The Company designs, develops, manufactures, and sells premium aircraft recognized across the personal aviation industry, which incorporate innovations in safety, technology, connectivity, performance, and comfort. The market share of Cirrus Aircraft in the global personal aviation market was 32.0% in 2023 based on the number of units delivered, according to Frost & Sullivan. The Company’s two aircraft product lines, namely SR2X Series and Vision Jet, have successfully set the industry standard for owner-piloted aircraft and are currently certified and validated in more than 60 countries. According to GAMA, SR2X Series has been the best-selling single-engine piston aircraft for 22 consecutive years, while according to GAMA and Frost & Sullivan, Vision Jet has been the best-selling business jet for the last six consecutive years since it first delivered in 2016.This press release is issued by Porda Havas International Finance Communications Group for and on behalf of Cirrus Aircraft Limited. For further information, please contact:Porda Havas International Finance Communications GroupTelephone: 852 3150 6788Email: cirrusaircraft.hk@h-advisors.global Copyright 2024 ACN Newswire via SeaPRwire.com.
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maXwin, the Leading Online Gaming Platform Breaks into the Asian Market SeaPRwire

maXwin, the Leading Online Gaming Platform Breaks into the Asian Market

Asia’s Only Online Gaming Platform without Withdrawal Limits Kuala Lumpur, Malaysia – August 29, 2024 – (SeaPRwire) – With the continuous development of the online gaming market, maXwin has successfully entered the Asian market, aiming to elevate online gaming to a whole new level with its unique advantages and exceptional services. As the only online gaming platform in Asia without withdrawal limits, maXwin quickly stands out in the market, attracting a large number of players with its innovative operating model and steadfast commitment. Mr. Harry Willson, Founder and CEO of maXwin, stated, “We are dedicated to providing players with a free, safe, and worry-free online gaming platform. Our goal is to break the traditional restrictions of online gaming platforms, allowing players to withdraw their winnings freely anytime and anywhere, enjoying an unparalleled gaming experience.” Unmatched Freedom and Convenience As an industry innovator, maXwin’s promise of “no limits on profit withdrawals” has completely revolutionized the traditional limitations imposed by online gaming platforms on player withdrawals. This groundbreaking initiative allows players to enjoy the fun of gaming without worrying about withdrawal issues, truly achieving the freedom to “withdraw whenever you want.” Legal and Secure Assurance maXwin holds the internationally recognized Curacao gaming license, ensuring the platform’s legality and security. Players can confidently game on maXwin, enjoying top-notch security and privacy protection. Mr. Harry Willson emphasized, “We highly value the security and privacy of our players, ensuring that every player can enjoy games in a safe and fair environment.” A Rich Variety of Game Choices maXwin offers more than hundreds of different types of games, including popular slots, exciting live dealer games, thrilling sports betting, and captivating e-sports. Whether you are a beginner or an experienced player, you will find your favorite games here. To welcome new players, maXwin has launched an astonishing 300% bonus, allowing players to enjoy generous rewards as they embark on their gaming journey. Award-Winning Excellence In the 2023 Sigma Awards, maXwin was named the Best Online Gaming Platform. This honor not only affirms maXwin’s exceptional gaming experience but also recognizes its continuous innovation and high-quality services. Mr. Harry Willson remarked, “We will continue to strive to improve our service levels, ensuring that every player enjoys the best gaming experience at maXwin.” Mission and Vision: Leading the Industry to New Heights maXwin’s mission and vision are to address the current market issues of security and gaming experience, striving to provide a safer and more premium gaming platform for players. We not only focus on the entertainment experience but also aim to take online gaming to new heights, creating a new era in gaming. Mr. Harry Willson concluded, “Our goal is to ensure that every player finds joy and satisfaction at maXwin. We believe that through continuous innovation and service optimization, maXwin will become the preferred online gaming platform for players in Asia and around the world.” With maXwin successfully breaking into the Asian market, this passionate and innovative community will bring unprecedented gaming freedom and fun to more players. Whether you seek thrilling gaming experiences or hope to earn substantial rewards, maXwin is the best choice for players. Challenge the limits, Beyond Limit—only at maXwin. Social Links Facebook: https://www.facebook.com/profile.php?id=61564638481329 Instagram: https://www.instagram.com/maxwin.my/ TikTok: https://www.tiktok.com/@maxwin_official88 Youtube: https://www.youtube.com/@maXwinofficial-88 Media contact Brand: maXwin Contact: Media team Email: support@maxwinofficial.com Website: https://maxwinofficial.com/ The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Sectors: Top Story, Corporate News SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in different languages, including: IndonesiaFolk, IndoNewswire, SEATribune, IDNewsZone, LiveBerita, DailyBerita, TaiwanPR, SinchewBusiness, AsiaEase, BuzzHongKong, SingapuraNow, TIHongKong, TaipeiCool, TWZip, AsiaFeatured, dePresseNow, THNewson, KULPR, VNFeatured, MENAEntry, HunaTimes, DubaiLite, ArabicDir, BeritaDaring, TekanAsia, JamKopi ...
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CIMC Group Announces 2024 Interim Results ACN Newswire

CIMC Group Announces 2024 Interim Results

Financial HighlightsRMB millionFor the 6 months ended 30 June 20242023Change24Q224Q1ChangeRevenue79,11560,57430.61%46,67232,44343.86%Operating profit2,1151,64528.60%1,708407319.8%Net profit1,39599040.85%1,177218440.12%Net profit attributable tothe Company and other equity holders of the Company866399117.23%78284835.19%Net profit attributable to shareholders and other equity holders of the Company after deducting non-recurring profit and loss820977(16.00%)595225164.48%Results Highlights1.The container manufacturing business segment maintained a global leading position with significant improvement in results: Benefiting from the increase in the container trade transportation demand and uncertain events such as the Red Sea incident, which led to lower the efficiency of container transportation, the sales volume of dry containers recorded a 425.54% growth year-on-year. In the first half of the year, the revenue of the container manufacturing business was RMB24.95 billion, representing a year-on-year increase of 83%, and net profit increased by 66% to RMB1.276 billion.2.Significant growth in offshore engineering revenue: Benefiting from the continued recovery of the offshore engineering equipment market, the revenue of this business segment grew significantly by 89% year-on-year to RMB7.78 billion. New orders increased by 20.1% year-over-year to US$1.79 billion, and the accumulated value of orders on hand increased by 20.9% to US$6.18 billion, of which the proportion of oil and gas business, wind power installation vessels, and ro-ro ships was approximately 2:1:1. The net loss continued to narrow by 54% to RMB84 million.3.Steady operation in two business segments for road transportation, energy, chemical, and liquid food: The vehicle business achieved revenue of RMB10.7 billion and net profit of RMB574 million, with its market share maintaining the number one position domestically; Revenue from CIMC Enric grew 6.7% year-over-year to RMB11.48 billion, and the orders on hand reached a record high of RMB29.35 billion.HONG KONG, Aug 29, 2024 - (ACN Newswire via SeaPRwire.com) - China International Marine Containers (Group) Co., Ltd. (“CIMC Group” or the “Group”, stock code: 000039.SZ/02039.HK) is pleased to announce the unaudited interim results for the six months ended 30 June, 2024 (the “Reporting Period”). The management of CIMC Group said, “In the first half of 2024, global commodity trade demand rebounded, the container market stabilised and recovered, global energy security and consumer demands increased, and the global shipping and offshore engineering market environment continued to improve. Based on the continuously consolidating foundation of its global operation platforms, we successfully navigated regional risks and achieved stable and high-quality development.In the first half of the year, the Group achieved revenue of 79.1 billion, increased by 30.61% year-over-year, with a gross profit margin maintained at 10.73%. The net profit attributable to the parent company was approximately RMB870 million, which grew substantially 117% year-over-year. During the period, the Group's container industry maintained its global industry-leading position, and its road transportation, vehicles, energy/chemical/liquid food equipment, and offshore engineering businesses also enhanced strong global competitiveness. The Group’s domestic revenue accounted for approximately 45.55% and its overseas revenue accounted for approximately 54.45%, which was flat as compared with the same period last year, maintaining a sound market landscape.”Segments Results (RMB million)1H2024 Business indicatorsRevenueAs % to the total revenueGross profitAs % to the gross profitGross profit marginNet profitContainers manufacturing24,95031.54%3,04335.85%12.20%1,276Road transportation vehicles10,70013.52%1,59518.80%14.91%574Energy, chemical, and liquid food equipment12,12115.32%1,60118.86%13.21%242Offshore engineering7,7849.84%3894.58%4.99%(84)Airport facilities and logistics equipment, fire safety and rescue equipment2,4033.04%4945.82%20.54%37Logistics services14,08917.81%87710.34%6.23%204Recycled load1,1971.51%1441.21%12.05%(49)Main segments above73,24392.58%8,14295.94%11.12%2,200A review of the main businesses is as follows:In the logistics field:In the container manufacturing business, the demand for global goods trade picked up, and uncertain events such as the Red Sea incident led to the detour of European routes, which lowered the efficiency of container transportation, and the demand for containers increased. The production and sales volume of the Group’s container manufacturing business witnessed a significant year-on-year increase. In particular, the accumulated sales volume of dry containers reached 1,382,700 TEUs (same period in 2023: 263,100 TEUs), representing a year-on-year increase of approximately 425.54%. The accumulated sales volume of reefer containers reached 44,700 TEUs (same period in 2023: 51,500 TEUs), representing a year-on-year decrease of approximately 13.2%. During the period, the container manufacturing business of the Group recorded a revenue of RMB24.95 billion (same period in 2023: RMB13.668 billion), representing a year-on-year increase of 82.54%, and a net profit of RMB1.276 billion (same period in 2023: RMB0.768 billion), representing a year-on-year increase of 66.25%. During the period, the Group took decisive action in response to the surging transportation demand in the container transportation market and the issue of lower container turnaround efficiency due to the detours caused by the Red Sea incident, resulting in significant improvements in production efficiency and delivery capabilities, further boosting overall operational efficiency and market competitiveness.Driven by similar factors, in the logistics services business, both business volume and profitability of most products of the Group recorded considerable year-on-year growth in the first half of the year, with more notable growth in the second quarter as compared to the first quarter. During the period, the logistics services business of the Group realised a revenue of RMB14.089 billion (same period in 2023: RMB9.132 billion), representing a year-on-year increase of 54.28%, and a net profit of RMB204 million (same period in 2023: RMB55 million), representing a year-on-year increase of 274.74%. In the first half of the year, the sea transportation business performed well due to the multiple measures and proactive responses, ranking CIMC Wetrans as TOP 13 on Transprot Topic’s Global Sea Transportation Enterprise List for 2024, the third place among Chinese enterprises.In the road transportation vehicles business, CIMC Vehicles actively forges new quality productivity, and continues to deepen the “StarLink Project”. During the first half of the year, against the backdrop of the industry bottoming out, it rises to the challenge and breaks through against the trend, its market share has increased, maintaining the number one position domestically. In the specialty vehicles business, CIMC Vehicles continued to consolidate its domestic market and expand into overseas markets, and actively developed integrated new energy products, leading to the small-scale delivery of the industry-first integrated hybrid electric semi-trailer tractor mixer. During the period, CIMC Vehicles achieved revenue of RMB10.7 billion (same period in 2023: RMB13.47 billion), representing a year-on-year decrease of 20.56%; achieved a net profit of RMB574 million.In the airport facilities and logistics equipment, fire safety and rescue equipment business, CIMC TianDa through integrating production and marketing layouts both at home and abroad, actively promoted integrated operations, thereby reducing overall operating costs and striving to maintain its advantages and keep its long-term stable growth of profitability in a fiercely competitive environment. During the period, the revenue of the business segment grew by 5.31% to RMB2.403 billion, and net profit increased by 364.81% to RMB37 million. In the first half of 2024, the increase in the acceptance and delivery of passenger boarding bridges and fire trucks had driven the increase in the revenue from the airport facilities and logistics equipment, and fire safety and rescue equipment businesses as compared with the same period last year, and total profit of the segment also increased year-on-year. In terms of newly signed orders, the demand in the airport facilities market continued to recover, and the program to issue RMB1 trillion treasure bonds in China boosted the rise in demand for fire safety equipment, owing to which total newly signed orders maintained overall growth.In the energy industries field:In the offshore engineering business, in the first half of the year, the international oil prices were at a high level, which stimulated an increase in demand for the oil and gas production platforms, the continuous growth in marine operation activities drove the utilisation ratio of and the rental for offshore engineering equipment to be on the rise, and the offshore engineering equipment market continued to recover. During the period, as new orders for offshore engineering entered the construction period successively, the offshore engineering business of the Group recorded a revenue of RMB7.784 billion (same period in 2023: RMB4.119 billion), representing a year-on-year increase of 88.95% growth. In terms of new orders: the value of effective orders/orders won increased by 20.1% year-on-year to US$1.79 billion (same period in 2023: US$1.49 billion) as of the end of June, including two FPSO and three ro-ro ships. The accumulated value of orders on hand increased by 20.9% to US$6.18 billion (same period in 2023: US$5.11 billion), of which the proportion of oil and gas business, wind power installation vessels, and ro-ro ships was approximately 2:1:1, which had effectively eased the periodic fluctuation of the oil and gas market, demonstrating that successful strategic transformation had been achieved.In the offshore engineering asset operation business, the Group’s on-lease platforms maintained its high-quality services and occupation rates and continued to provide customers with high-quality and efficient services. Against the backdrop of global energy security and growing consumer demand, the offshore engineering market remained active. The deep-water platform market has benefited from continued investment in development by international oil companies. According to Rystad’s forecast, global capital spending on deepwater oil and gas drilling will increase 10% year-on-year, hitting the highest level in over 10 years. The increase in global demand and the reduction in drilling platform availability are jointly driving the continued growth in day rates and utilisation rates. During the period, Caspian Driller, one of the Group’s jack-up drilling platforms, was granted a 3+2 year contract extension by the customer; and Deepsea Yantai, one of the Group’s mid-deepwater semi-submersible drilling platforms, was granted a contract extension by the customer, and the new leases increased by over 10% in daily rate as compared to the current contracts.In the energy, chemical, and liquid food equipment business, this segment achieved a revenue of RMB12.121 billion (the same period last year: RMB11.388 billion), representing a 6.43% year-over-year growth, and net profits of RMB242 million (the same period last year: RMB435 million), representing a year-on-year decrease of 44.52%. In which, CIMC Enric registered a revenue of RMB11.48 billion (same period last year: RMB10.76 billion), representing a year-on-year increase of 6.7%, newly signed orders amounted to RMB16.4 billion (the same period last year: RMB12.67 billion), representing a year-on-year increase of 29.5%, orders on hand as of the end of June amounted to RMB29.35 billion (the same period last year: RMB20.6 billion), representing a significant year-on-year increase of 42.5%, reaching a record high. The clean energy segment saw steady revenue growth, with strong demand for LNG storage and transportation equipment, as well as LNG on-vehicle cylinders. The small and medium-sized liquefied gas carriers market remained highly prosperous. In the hydrogen energy field, we successfully acquired the core assets of Beijing Zhonglian Sheng during the period and won the bid for China's largest ammonia, hydrogen, and alcohol tank project. In the chemical and environment segment, its tank container global market share remained number one and demonstrated resilient development. In the liquid food segment, it actively responded to market changes and seized growth opportunities in the domestic liquor market, winning bids for multiple liquor projects.Outlook and future developmentLogistics SegmentIn the container manufacturing business, according to CLARKSONS’ forecast in July, the growth of global container trade will significantly increase from 0.7% in 2023 to 5.1% in 2024, and in 2025, the global container trade is expected to see further growth of 2.9%, which suggests an optimistic and stable outlook for the transportation demand in the container transportation market. To cope with the risk of container shortage brought about by these uncertain events, customers’ willingness to spare containers will increase, coupled with the stable replacement rate of old containers, the demand for new containers is expected to be underpinned by the stable fundamentals during 2024–2025.In the road transportation vehicle business, in the second half of 2024, the demand for logistics and transportation in China will gradually recover, and the semi-trailer industry in China will accelerate its transformation and upgrading towards a new development stage of regularisation, standardisation, intelligence, and electrification. As the U.S. policy trend of interest rate cuts becomes increasingly certain, the demand for semi-trailers in North America may be released; and as the regulation on sustainable development of the European semi-trailer industry becomes stricter and the demand for multimodal transportation grows, the European semi-trailer industry, which is experiencing a slowdown in demand, may be benefited. There is an expected recovery in the specialty vehicle industry, with the penetration rate of new energy specialty vehicles gradually increasing and the regularisation process of specialty vehicle transportation speeding up.Energy SegmentIn the energy, chemicals, and liquid food equipment business, the latest report of Goldman Sachs Group predicts that by 2029, global investment in LNG is expected to increase by more than 50%, and global LNG supply will surge by 80% by 2030. In the domestic market, IEA predicts that by 2030, China’s share in effective LNG contracts will be doubled, increasing from 12% in 2021 to about 25%. As a leading enterprise in advanced intelligent manufacturing of clean energy equipment, driven by the increase in LNG demand, CIMC Enric is expected to continue to benefit from the related storage and transportation equipment and engineering business and will continue to expand business opportunities in overseas markets such as Southeast Asia, Africa, and the Middle East. CIMC Enric will pay attention to the changes and opportunities in the hydrogen energy market, continue to deepen the whole industrial chain layout and integrate solution capability of “preparation, storage, transportation, filling and application. In addition, leveraging its extensive years of experience in production technology and quality management in the tank container manufacturing field and the market share of its medical equipment components business, the Group will be actively monitoring changes in the global liquid food market, and maintaining close attention on emerging opportunities in the domestic liquor and other new industry segments.In the offshore engineering business, due to the relatively high oil prices continuing to stimulate oil and gas production platforms, the offshore engineering construction market was entering an upward cycle. The FPSO/FLNG market has high short-term demand and ample long-term project reserves. It is anticipated that offshore engineering manufacturers will maintain a high capacity utilisation rate over the next 3–5 years. Leveraging the advantage of the industrial cluster effect, the offshore engineering manufacturers in China are competing for orders with high technical thresholds with those in Japan and South Korea. In the second half of 2024, the Group’s offshore engineering business will continue to actively promote transformation, and integrate the industry mapping. Taking offshore oil and gas as the foundation, the Group will gradually expand to new energy sources to form a business portfolio that dilutes the impacts of the industrial cycle.Financial and Asset Management SegmentThe offshore engineering asset operation and management business of CIMC will continue to capitalise on the active cycle in the offshore engineering market and fully utilise the advantages in the entire industrial chain to advance market development, thereby improving asset rental rates. By focusing on customer needs, the Group will enhance customer satisfaction and explore future cooperation opportunities. Through lean management, the Group will continuously strengthen cost control and core competitiveness, promoting steady growth in profitability.The Group's management concludes, “In the first half of the year, the Group has consolidated and enhanced its leading industry position in its existing core businesses, while also focusing on expanding multiple strategic emerging businesses. Our core businesses have achieved steady and high-quality growth, and our effective global business layout has also effectively mitigated the impact of recent global market cyclical fluctuations.Looking ahead to the second half of the year, CIMC will follow the guidance of national policies based on the situation in the new development stage, and will also continue the implementation of the strategic theme of “accelerating the construction of new growth drivers and focusing on promoting high-quality development. We will firmly grasp the important opportunities of new quality productivity, the "Belt and Road" initiative, the unified large market, scientific and technological innovation, and green development. By consolidating and enhancing our leading industry position in our existing core businesses, we will continue to activate new business value and new driving forces, to achieve our goal of high-quality growth."-Ends-About China International Marine Containers (Group) Co., Ltd.The CIMC Group is a world leading equipment and solution provider in logistics and energy industries, and its industry cluster mainly covers logistics and energy fields, strengthening its position as a global market leader. In the logistics field, the Group still adheres to taking container manufacturing business as its core business, based on which to develop road transportation vehicles business, airport facilities and logistics equipment/fire safety and rescue equipment business and to a lesser extent, logistics services business and recycled load business providing products and services in professional field of logistics; in the energy field, the Group is principally engaged in energy/chemical/liquid food equipment business and offshore engineering business; meanwhile, the Group also continuously develops emerging industries and has finance and asset management business that serves the Group itself. As a diversified multinational industrial group that shoulders the mission of global serving, CIMC owns 3 listed companies and over 300 member enterprises in Asia, North America, Europe, Australia and others, and extensive customers and sales networks covering more than 100 countries and regions. During the year, the Group recorded a revenue of RMB127.81 billion, with gross profit margin remained at 13.77% and net profit of RMB 1.863 billion. The Group was ranked 170th in the Fortune 500 China 2023. For more information, please visit http://www.cimc.com/. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Pioneering Green Growth with Technological Innovation and Accelerating Global Strategy ACN Newswire

Pioneering Green Growth with Technological Innovation and Accelerating Global Strategy

HONG KONG, Aug 29, 2024 - (ACN Newswire via SeaPRwire.com) - Tianneng Power International Company Limited (the “Company”, together with its subsidiaries, collectively the “Group” or “Tianneng”) (stock code: 00819.HK), a leading company in China's new energy battery industry, announced its interim results for the six months ended 30 June 2024 (the “Reporting Period”).In the first half of 2024, Tianneng focused on building new quality productivity by utilizing the three driving forces of "industry, technology and capital" and the three interlinked transformations of "digitalization, platform-based operation and internationalization" to form a new development pattern. The Group adhered to the concept that "technological innovation is the core element of developing new quality productivity", further upgraded and optimized the production processes of lead-acid batteries, and actively expanded the layout and applications of emerging batteries such as lithium, hydrogen, sodium, and solid-state batteries. In addition, it strived to address global climate change challenges by enhancing efficiency and environmental protection through green and intelligent manufacturing, developing a circular economy, and building a sustainable supply chain that aligns with a series of development goals such as high-quality development and modern governance of China.During the reporting period, the Group achieved revenue of approximately RMB 49.915 billion, representing an increase of approximately 20.36% compared to the same period last year. Profit attributable to owners of the Company was approximately RMB 928 million, representing a growth of approximately 1.09% compared to the same period last year. While actively exploring the development of emerging businesses, Tianneng invested significant effort in consolidating and strengthening its leading position in its core business. The cornerstone business of lead-acid batteries generated revenue of approximately RMB19.252 billion. In the field of new energy batteries, Tianneng accelerated the development of lithium-ion battery for ESS, facilitated the iteration of hydrogen fuel cells and sodium-ion batteries, and achieved breakthroughs in key technologies and applications in diverse scenarios. In the field of circular economy, Tianneng established a battery recycling green industry chain integrating production, recycling, smelting, and reproduction, with the circular industry generating revenue from external customers of approximately RMB1.554 billion.Breaking Barriers through Continuous Technological InnovationThe Group has established a dual-core strategy in "motive batteries and energy storage systems", achieved a parallel development in the traditional track with both lead and lithium technologies, and accelerated the development of hydrogen fuel cells, sodium-ion batteries, and solid-state batteries in emerging tracks. In terms of motive batteries, Tianneng has successively launched the first dedicated lead-acid motive battery for electric motorcycles, the new generation sodium-ion motive battery "Tianna T2" and colloidal batteries for forklifts, catering to a more diverse range of applications. For energy storage, successful developments included the OPzV-1000 valve-regulated colloidal lead-carbon battery, the "Sodium Storage No.1" suitable for energy storage scenarios, and a new generation 5MWh lithium-ion intelligent liquid-cooled energy storage system. These advancements help systems unleash greater value and provide stable and reliable power support for various application scenarios.Upholding Sustainable Development Strategy for Green IndustryAs one of the world's largest lead-acid battery manufacturers, Tianneng utilizes over 90% of its battery products in electric light vehicles, possessing an inherent low-carbon advantage in the transportation industry. Tianneng incorporates green and intelligent manufacturing into its corporate development strategy by optimizing production processes, enhancing automation coverage, and improving production efficiency. By developing and integrating multiple digital management systems, Tianneng elevates the digitalization level of production management, thereby continuously driving the Company towards a more efficient and environmentally friendly future.While focusing on the battery industry, Tianneng is also committed to achieving more efficient resource recovery and recycling. It has established four lead-acid battery circular economy industrial parks and two lithium-ion battery circular economy industrial parks in China. The recovery rates of various materials from waste lead-acid batteries exceed 99%, while the recovery rate of sulfate from waste lithium-ion batteries exceeds 98.5%, and the lithium carbonate recovery rate reaches 90%. For lead-acid battery recycling, Tianneng continuously enhances the capabilities of recovery and disposal and establishes a stable and sustainable supply chain to improve production capacity utilization. The Company now has the capacity to dispose of 1 million tons of waste lead-acid batteries annually. For lithium battery recycling, Tianneng has the capacity to dispose of 10,000 tons of waste ternary lithium-ion batteries annually, with an additional 60,000 tons of new capacity to be put into operation this year. Tianneng consistently innovates battery recycling technologies, and possesses various lithium-ion battery recycling technologies, including intelligent crushing and sorting without discharge, targeted thermal decomposition of dismantled materials, simultaneous disposal of ternary lithium iron phosphate, and lithium extraction through freezing.During the Reporting Period, the Group undertook a waste lead-acid battery recycling and treatment project at the Circular Economy Industrial Park in Changxing County, Huzhou, Zhejiang Province, becoming the first "National Circular Economy Standardization Demonstration Project" in Zhejiang Province. By transforming typical models into national standards, this project has led the development direction of the industry. The Ministry of Industry and Information Technology announced the list of Green Manufacturing for 2023, with Tianneng New Materials Co., Ltd., a subsidiary of the Group specializing in lithium battery recycling, being selected as a national-level "Green Factory".Keeping Up with the Times to Strengthen Brand PromotionIn terms of the marketing, the Group has established an extensive distribution and after-sales service network and has over 3,000 distribution and after-sales service points in China, covering more than 400,000 terminal stores. This network provides replacement and repair services to 400 million users of electric light vehicles, making it one of the most well-known battery brands in the market.Tianneng actively embraces big data technology and the emerging internet market, utilizing digital means to empower marketing efforts and support partners in refined operations and management. During the Reporting Period, the Group deepened the advancement of digital marketing models and upgraded the Tianneng innovative cloud commerce model, significantly optimizing the Group's flexible production. This allows for faster and more accurate responses to changes in market demand, adjustments to production plans, and a notable increase in operational efficiency. It has also established dozens of online and offline integrated service experience centers, which promoted the growth of customized product sales, significantly enhanced the quality and effectiveness of the distribution channels and further strengthened its competitiveness.Marching Forward with Determination to Expand International OperationsWhile consolidating its industry-leading position in China, Tianneng, based on local conditions, has rapidly pushed its battery products and energy solutions into the global market. Tianneng's overseas business layout covers various countries and regions such as Southeast Asia, Europe, and Africa. Dr. Zhang Tianren, Chairman of the Board, was invited to participate in the "China-Vietnam Trade and Investment Cooperation Promotion Forum" in April 2024, and the first overseas intelligent manufacturing base was established in Vietnam, serving as a bridgehead for expanding the Southeast Asian market. The Company successfully contracted with dozens of Tianneng brand overseas partners for overseas terminal distribution and after-sales service network development. It also made frequent appearances at international exhibitions such as the EV TREND KOREA in Seoul and the EES Europe in Munich, Germany, receiving recognition from customers worldwide.Leveraging the technological innovation achievements in green energy products and the industry experience accumulated over the years, Tianneng has set the international market as the new stage for its future development. Following the establishment of local offices, the development of overseas sales channels, and the Vietnam factory construction project, Tianneng will continue to explore overseas markets, actively respond to China's "Belt and Road" initiative, use the Southeast Asian market as an entry point, and collaborate with more like-minded partners to enhance its influence in overseas markets and seize the initiative in international competition.Future OutlookTianneng will adhere to the development direction of "focusing on high-quality development and enhancing sustainability" to accelerate the creation of new quality productivity with Tianneng’s characteristics. With technological innovation as the driving force and structural adjustment as the main theme, the Company will promote the transformation and upgrading of the new energy industry with a focus on nurturing the two major industrial ecosystems of motive batteries and energy storage systems. Meanwhile, based on the entire lifecycle of the battery industry, the Company will utilize the scale advantages of the circular economy to enhance efficiency. Based on its own technological advantages and fully leveraging the supporting and leading role of technological innovation, Tianneng will contribute more clean energy system solutions to the "carbon peaking and carbon neutrality" strategy and make greater contributions to the ecological civilization construction of China. - End -Issued by Porda Havas International Finance Communications Group for and on behalf of Tianneng Power International Limited. For further information, please contact:Kelly FungTel: +852 3150 6788Email: tianneng.hk@pordahavas.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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DYNASTY’S PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY INCREASES BY 73% TO HK$18.5 MILLION IN 1H2024 ACN Newswire

DYNASTY’S PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY INCREASES BY 73% TO HK$18.5 MILLION IN 1H2024

Financial Highlights (Unaudited)(HKD Thousand)Six months ended 30 June20242023ChangeRevenue135,347128,168+6%Gross Profit48,76747,212+3%Profit Attributable to Owners of the Company18,51010,712+73%Gross Profit Margin36%37%-1 percentage pointBasic Earnings per Share (HK cents)1.300.90+44%HONG KONG, Aug 29, 2024 - (ACN Newswire via SeaPRwire.com) - Dynasty Fine Wines Group Limited (“Dynasty” or the “Group”) (Stock Code: 00828), a premier grape winemaker in China, today announced its unaudited interim results for the six months ended 30 June 2024.In the first half of 2024, benefiting from new consumption scenarios such as banquets and gatherings nationwide, as well as continuous innovation achieved by the Group in product and consumption scenarios, sales volume of the Group’s products (particularly mid-range grape wine products) increased steadily, with revenue improving by 6% year-on-year to approximately HK$135 million. Government grants received by the Group during the period increased by approximately HK$6.50 million. Profit attributable to owners of the Company also increased significantly by 73% year-on-year to HK$18.5 million in the first half of 2024. Basic earnings per share were approximately HK1.3 cents per share. During the period, due to increase in overall material costs, the Group's overall gross profit margin mildly decreased from 37% for the same period last year to 36%.Sales of white wines products of the Group grew well over the period and served as the Group’s primary revenue contributor. Sales revenue of red and white wines products accounted for approximately 45% and 51% of the Group’s overall revenue respectively for the period. During the period, the gross profit margin of red wine products and white wine products were 33% and 41% respectively (in the first half of 2023: 31% and 45% respectively).The Group has continued to strengthen its presence in Ningxia and Xinjiang. This morning, Ningxia Tianxia Winery (Phase I) was completed three months ahead of schedule and officially commenced production. The grand completion cum grape pressing ceremony was held at the Ningxia Tianxia Winery, situated nearby Eastern foothill of Helan mountain, Ningxia, which is one of the key quality grape producing areas in China. The winery will integrate pressing, fermentation, processing, testing and research and development as a whole, with an annual production and processing capacity of 5,000 tonnes. The completion and commissioning of the project will greatly increase Dynasty’s capacity to produce premium wines, become a new driver for the Group’s long-term stable development and create new quality productive forces for the Group’s development. It is therefore an important milestone in Dynasty’s development history.The completion cum grape pressing ceremony of Ningxia Tianxia Winery (Phase I)The Group has been actively pursuing innovation, embracing the “5+4+N” product strategy, with “N” standing for developing various customised products and continuously creating new products. During the period, the Group launched a new high-end product, i.e. Dynasty Chinese Zodiac Commemorative Dry Red Wine for the Jia Chen Year of Dragon, integrating the high quality with the Chinese zodiac culture and the leading rise of Chinese-style fashionable products. In addition, the Group launched a new product, Inherit Series “Passing on the Glory, Continuing the Brilliant Heritage”, at the 110th China Food & Drinks Fair in March this year, as well as other new products launched in the period such as Long Yun Series, Cabernet Reserve etc., to further improve its product matrix and provide consumers with diverse consumption choices. With leading and well-proven technologies it prides, the Group carried out comprehensive upgrade of its production techniques, packaging design, etc. With China chic on the rise, the new upgraded design is set to resonate with Chinese consumers confident of their culture, help strengthen awareness of the Dynasty brand and attract mainstream consumers fancying China-made products and China chic.In addition to enriching the product matrix, the Group is accelerating the innovation of consumption scenarios and enhancing and strengthening the wine cultural experience. In June this year, Dynasty Starry Wine Bar was officially opened in Meijiang, Tianjin, the base of Dynasty. Starry Wine Bar is a pop-up offline bar meticulously designed by Dynasty to innovate the product experience, meet the diversified needs of consumers, and create new consumption scenarios in the country. It is committed to making consumers feel the warmth of the brand and recognise the value of the brand, thereby attracting more consumers through innovation.During the period, the Group continued to develop the “Dynasty Tavern” through online channels, creating a series of product promotion articles on the WeChat official account of Dynasty Wines, and promoting Dynasty’s major mainstream products using new media formats. In addition, it integrated the night market environment to expand various wine drinking scenarios and promote Dynasty’s younger products.Moreover, the Group sold chateau wine imported from France and other foreign branded wines in Chinese market through the Group’s existing distribution network to introduce some classic “old world” and “new world” varietals to cater for part of the market that prefers the taste of foreign premium wines.Regarding online sales, the e-commerce team of the Group comprehensively operated online stores itself on the traditional e-commerce platforms, such as JD.com, Tmall and Pinduoduo for product sales, as well as comprehensive innovation on its brand, product categories, and business systems, procedures and models via interest-based e-commerce platforms, including RED, Kuai and TikTok. Such efforts facilitated the Group’s autonomous brand communications so that it could continue to gain the attention of mainstream consumer groups and demographic segments, and enhance effective market penetration of the Group’s products targeted at young consumers. The e-commerce team also actively cultivate e-commerce live broadcasting talents to further expand its sales channels so as to build up a new customer base. The Group continues investing resources for improvement of the online sales channels and optimisation of online stores interface so as to adapt to the changing customer consumption behaviour in China, and keeps promoting the exclusive products series for e-commerce platforms through channels such as live streaming or broadcasting.Mr. Wan Shoupeng, Chairman of Dynasty, concluded, “Looking ahead to the second half of 2024, the Group will keep strengthening presence in Ningxia and Xinjiang to secure the supply of quality grapes and grape juice. Ningxia Tianxia Winery (Phase I) has completed construction and begun operation, which will become a new long-term and stable economic growth point of the Group and help the regional presence and layout of Dynasty, as well as in line with the overall planning and industry planning for the development of China’s wine industry. The Board currently remains cautious on the business prospects in the second half of 2024 and the Group will continue to proactively develop the new marketing prospects by innovation in products categories and consumption scenarios, carrying out cross-industry co-operations in order to boost sales volume, and be in line with the country’s commitment to stimulating domestic consumption.” – End –About Dynasty Fine Wines Group LimitedDynasty Fine Wines Group Limited was listed on the Main Board of The Stock Exchange of Hong Kong Limited with the stock code 00828 on 26 January 2005. Founded in 1980, Dynasty is the premier grape winemaker in China. It is principally engaged in the production and sale of grape wine products under its reputable “Dynasty” brand. Dynasty is the first Sino-foreign joint venture wine company in China with Tianjin Food Group Limited and the French grape wine giant, Remy Cointreau, as its current major shareholders. The Group produces and sells more than 100 grape wine product series, and introduces imported wine products, providing high-quality and value-for-money grape wines to the full range of consumer groups in China. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Banle Group Expands Global Port Coverage to Over 60 Ports ACN Newswire

Banle Group Expands Global Port Coverage to Over 60 Ports

HONG KONG, Aug 29, 2024 - (ACN Newswire via SeaPRwire.com) - CBL International Limited (the “Company” or “CBL”) (NASDAQ: BANL), the listing vehicle of Banle Group (“Banle” or “the Group”), a reputable marine fuel logistic company in the Asia-Pacific region, proudly announces a significant milestone by expanding its global port coverage to over 60 ports across fourteen countries and regions in four continents.This development underscores Banle's commitment to expanding its global presence and entering new markets, demonstrating the company's continued efforts to open new service ports and increase coverage for both existing and new customers. The company now provides bunkering services in Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, Singapore, Taiwan, Thailand, Turkey, and Vietnam, representing a 70% increase in port coverage since its Nasdaq listing in March 2023, solidifying Banle's position as a major player in the industry.The Group's footprint includes nine out of the top ten container ports globally by throughput volume in 2023, highlighting its dominance in key maritime hubs. The Asia Pacific region, accounting for 70% of global container port throughput, remains a key focus for Banle, while the company continues to expand its presence in Europe and other regions.The company is actively preparing to capitalize on the growing demand for greener marine fuels, driven by international regulations like the FuelEU Maritime initiative and the IMO's strategy for greenhouse gas reduction. Banle has obtained the required ISCC EU and ISCC Plus certifications to comply with these regulations.As a pioneer in providing stable biofuel supply at major ports, Banle has achieved key milestones in biofuel bunkering services, including:— July 14, 2023: Commencement of biofuel supply in Hong Kong.— September 5, 2023: First export to China cargo supply.— March 15, 2024: Introduction of biofuel supply in Guangzhou, China.— April 13, 2024: Launch of biofuel supply in Shenzhen, China (Yantian).— June 28, 2024: Inaugural biofuel supply in Port Klang, Malaysia.According to BIMCO, the container shipping market has exceeded growth expectations, with forecasts predicting a 5 – 6% increase in container volumes for 2024 and a 3 – 4% increase for 2025. Banle is well-positioned to capitalize on this growth, continuing to facilitate essential bunkering services that support the efficient and profitable operations of container liners globally."Since our Nasdaq listing, we have made remarkable strides in expanding our port coverage and enhancing our service offerings to meet the growing demands of our customers, the international shipping companies," said Mr. Teck Lim Chia, Chairman & CEO of Banle Group. "Our expansion into Europe, with establishments in Ireland, underlines our commitment to developing our green marine fuels business, which is critical for our long-term sustainability goals."About the Banle GroupCBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistic company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with one stop solution for vessel refuelling. Banle Group’s business activities are primarily focused in over 60 major ports covering Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, Singapore, Taiwan, Thailand, Turkey and Vietnam as of 28 August 2024. The Group actively promotes the use of alternative fuels and is awarded with the ISCC EU and ISCC Plus certifications.For more information about our company, please visit our website at: https://www.banle-intl.com.Forward-Looking StatementsCertain statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plan,” “should,” “would,” “plan,” “future,” “outlook,” “potential,” “project” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current expectations of BANL’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of BANL. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, markets, financial, political and legal conditions, geopolitical disruptions and other events that result in material changes in fuel prices. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.For more information, please contact:CBL International LimitedEmail: investors@banle-intl.comStrategic Financial Relations LimitedShelly Cheng Tel:(852) 2864 4857Iris Au Yeung Tel:(852) 2114 4913Email: sprg_cbl@sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
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Yunkang Group’s 2024 Interim Revenue Reaches Approximately RMB380 Million ACN Newswire

Yunkang Group’s 2024 Interim Revenue Reaches Approximately RMB380 Million

HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Yunkang Group Limited ("Yunkang" or the "Group"; Stock Code: 2325), a leading medical operation services provider in China, has announced its interim results for the six months ended 30 June 2024 (the "Reporting Period"). In the first half of 2024, the Group continued to deeply implement its overall business philosophy of “in-depth services and lean operations”. On the one hand, the Group constantly deepened the model of diagnostic testing services for medical institution alliances, rapidly replicated the joint innovation platform for diagnostic testing, created a new model for innovative medical centers, and focused on “Artificial Intelligence (“AI”) + medical care” to achieve remarkable results in product innovation + model innovation and promote high-quality development of the industry. On the other hand, it leveraged on the fast-growing digital technologies, while adhering to reduce costs and increase benefits to continuously build lean operation capabilities.During the Reporting Period, due to the challenges brought by the macro environment, the in-depth changes in the medical service market and the fierce market competition, the Group’s short-term results did not meet expectations, recording a total revenue of RMB379.9 million, of which, revenue from diagnostic testing services for medical institution alliances, diagnostic outsourcing services and diagnostic testing services for non-medical institutions amounted to RMB182.3 million, RMB179.6 million and RMB18.1 million, respectively. If excluding the impact of revenue from phased testing and screening services nationwide at the beginning of 2023, the diagnostic testing services segment provided by the Group for medical institution alliances continued to maintain high-quality growth, contributing approximately 48.0% of the revenue, making it the largest source of revenue for the Group. The Group’s gross profit was RMB128.2 million and loss attributable to owners of the Company was RMB126.1 million.The innovative model of diagnostic testing for medical institution alliances has achieved remarkable results, empowering the development of hospitals through in-depth servicesDriven by the continuous increase in favorable national policies, the market demand for medical institution alliances has been gradually released. Leveraging the overall advantages of the Group’s professional, standardized and digitally intelligent solutions for the construction of regional medical institution alliances, the Group’s innovative business model – the provision of diagnostic testing services to medical institution alliances has maintained high-quality and healthy development for many years. As at the end of the Reporting Period, the Group had successfully provided professional diagnostic services for more than 1,500 medical institutions in collaboration with medical institution alliances under over 430 jointly constructed on-site diagnostic centers for medical institution alliances across the country and had created a number of benchmark joint projects, so as to facilitate the rapid development of medical institution alliances. Apart from developing customers of the joint construction business with medical institution alliances, the Group also attached importance to the deep cultivation of existing clients and lean operations. The Group not only provided “3+1” (i.e. tumor, infection, genetics and reproduction + precision medicine) technical system support but also provided support to the in-depth service system to empower the demand and long-term development of hospitals with in-depth services.Disease- and clinical-oriented to persistently enhance product competitivenessThe Group has always adhered to the “disease and clinical” oriented service concept and built a series of high and new technology platforms including PCR, protein high-throughput sequencing, gene chip, molecular diagnosis, cytogenetic, digital remote pathology and ultramicro pathology. The technology platforms can provide over 3,500 testing items, and the annual testing specimen volume exceeds 10 million. It also has developed diversified and targeted solutions and services for clinical application scenarios in different regions and different kinds of medical institutions. In recent years, the Group has continuously increased its investment in product research and development. In the first half of 2024, the Group has launched more than 500 new testing projects, which are far ahead of its peers. New projects launched during the Reporting Period with clinical needs as the core include 12 key featured products represented by dried blood spot vitamin D, allergy gene V2.0, urinary and fungal tNGS, as well as new projects such as targeted sequencing of 158 respiratory pathogens, targeted sequencing of 265 common pathogens, intestinal flora detection (16srDNA sequencing), congenital adrenal hyperplasia (CAH) gene detection (third generation sequencing), and deafness gene screening (321 sites), which have been widely recognized by the market.The joint innovation platform for diagnostic testing was replicated rapidly, with product innovation + model innovation entering the harvest stageIn recent years, the Group pioneered the creation of “joint innovation platform for diagnostic testing”, which has successfully developed detection products for different infection syndromes in various fields such as respiratory tract infections and central nervous system infections. During the Reporting Period, the Group continued to deepen its cooperation with many top hospitals such as Guangdong Provincial People’s Hospital with which the Group has contracted and continued to develop new products and technologies and promote them to the market, which was widely acclaimed by clinicians. At the same time, the Group attached great importance to the continued development of the joint innovation platform for diagnostic testing, it has so far cooperated with dozens of top domestic medical institutions in this innovative model. By giving full play to the top hospitals’ technological leadership, as well as leveraging on the Group’s platform foundation and innovative integration advantages in cutting-edge biotechnology, AI, cloud computing, big data and other advanced digital technologies, it will jointly explore scientific research and achievement transformation in various clinical specialty areas. During the Reporting Period, the innovative products developed based on the joint innovation platform for diagnostic testing have exceeded the annual level of the previous year in terms of testing volume and testing revenue, which has injected new momentum into the Group’s long-term high-quality growth.Create a new model of innovative medical center, promote the development of medical technology industryIn terms of innovation in the medical technology industry, the Group joins hands with various partners and lays emphasis on policy guidance, clinical development, technological breakthroughs, industrial services and application promotion in a bid to explore a new cooperation model for joint innovation and cooperation with medical schools, local governments and medical institutions. Subsequent to the Reporting Period, the Group has signed strategic cooperation agreements with the People’s Government of Ouhai, Wenzhou City and Wenzhou Medical University. In the future, all parties will focus on the core areas of the biopharmaceutical industry to orderly promote the establishment of several key projects such as joint innovation and transformation platforms, public service platforms, and medical big data research platforms, regional diagnosis sharing centers and innovative talents training base to promote the rapid transformation and industrial application of scientific research results. The Group will fully support Wenzhou Medical University and its affiliated hospitals, promote the transformation of scientific research results into practical applications, and strengthen the development of clinical disciplines and superior specialties, so as to truly improve the regional medical level.Focus on “AI + medical care” to empower high-quality development of the industryThe Group has continuously improved its medical testing technology research and development and digital application, further explored cutting-edge medical fields such as remote pathology, digital pathology and AI, and built a professional service platform “AI + medical care”. Combining with its top ten digital “cloud” operation systems, the Group helps partner hospitals to accomplish remote guidance, consultation, training and other services, and accelerate the interconnection of information within the medical institution alliances. As at the end of the Reporting Period, the remote pathology consultation platform, a digital IT platform independently developed by the Group which owns all intellectual property rights thereon, covers more than 600 medical testing items and has provided standardized and intelligent professional pathology technical services to nearly 300 medical institutions. It is one of the leading remote pathology platforms in China with the most access to hospitals, and it assists medical institutions nationwide to improve examination quality and diagnosis efficiency.In terms of the application of AI-assisted diagnosis, the Group adheres to the strategy of “introducing one project once it is mature” and has successfully introduced projects such as pathological DNA polyploid AI-assisted diagnosis, cervical liquid-based cell AI-assisted diagnosis, and chromosome AI analysis, leading to the great enhancement of diagnostic efficiency. In addition, through the perfect combination of pathological AI-assisted diagnosis and remote pathology diagnosis platform, the Group has also realized the upgrade of the human-machine remote mode of “preliminary screening by AI and review by pathologist”, significantly improving the efficiency of film reading.Lean operations to reduce costs, increase benefits and improve the operation efficiencyDuring the Reporting Period, the Group launched Phase II of the Robust Project, aiming to continue to deepen the results of Phase I of the Project, to consolidate the foundation of the Group’s lean operations and management, and further improve the efficiency of the Group’s use of resources to reduce costs and increase benefits through minimizing operating costs and optimizing operation platform. Through the perseverance and efforts of the entire Group, Phase II of the Robust Project has achieved various outcomes such as improving the establishment of various operating rules and systems, optimizing the core operation and management processes, further standardizing the process supervision mechanism, and improving supervision efficiency; supported by the Group’s “cloud” system, a structured operation data support system established through IT-based means. Through lean management, the Group will comprehensively reduce costs and increase benefits from all aspects of corporate operations such as marketing, laboratories, supply chain, logistics and human resources, the outcomes of which will be seen in the second half of the year.In the future, under the Group’s business philosophy of “in-depth services and lean operations”, the Group will continue to adhere to the principles of innovation and service orientation and actively promote the development of new quality productivity in the medical and health field by leveraging on its strong technology research and development capabilities and profound industry knowledge, thereby empowering the construction of medical institution alliances and the improvement of public healthcare system. Meanwhile, the Group will proactively enhance in-depth customer services, foster lean operation management and digital empowerment, follow national policies directions, and seize the opportunities in the medical testing service market, in order to provide the public with better and more efficient, more accurate and more competitive diagnostic testing products and services, thereby contributing to the realization of the blueprint for Healthy China 2030.– End –Yunkang Group Limited (Stock Code: 2325)Yunkang Group is a leading medical operation service provider in China, which started to provide standardized medical diagnostic services to medical institutions at all levels as early as 2008. Leveraging its own professional diagnostic capabilities and the nationwide service network of integrated healthcare systems, Yunkang has gradually grown to become a medical operation service platform. Meanwhile, Yunkang is a medical operation service provider in China offering a full suite of diagnostic testing services which are diagnostic outsourcing services and diagnostic testing services for medical institution alliances. Yunkang provides diagnostic services through on-site diagnostic centers to collaborative hospitals in the integrated healthcare systems in China and assists them in improving their clinical diagnosis capabilities through co-developing diagnostic centers. As of June 30, 2024, Yunkang has successfully provided professional services to over 430 medical institution alliances and the hospitals it collaborated with were located across 31 provinces and municipalities in China.Media InquiriesYunkang Group LimitedE-mail:ir@yunkanghealth.comWebsite:www.yunkanghealth.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Rusia Menghadapi “Pertempuran Sulit” untuk Merebut Kembali Wilayah yang Dikendalikan Ukraina, Kata Kepala Mata-Mata AS

(SeaPRwire) - akan melancarkan serangan balik untuk mencoba merebut kembali wilayah di wilayah Kursk yang direbut oleh pasukan Ukraina, tetapi pasukan Rusia akan menghadapi "pertempuran yang sulit," kata Wakil Direktur CIA David Cohen pada hari Rabu.Cohen mengatakan kepada konferensi industri keamanan nasional bahwa pentingnya serangan Ukraina, yang telah menguasai sekitar 300 mil persegi (777 kilometer persegi) provinsi Rusia, masih harus dilihat.Pasukan Ukraina menerobos perbatasan barat Rusia ke wilayah Kursk pada 6 Agustus dalam serangan mendadak yang sedang berlangsung.Meskipun Kyiv telah mengatakan bahwa mereka tidak bermaksud untuk mencaplok wilayah yang telah mereka kuasai, pasukan Ukraina sedang membangun garis pertahanan dan tampaknya mereka bermaksud untuk mempertahankan "sebagian wilayah tersebut untuk jangka waktu tertentu," kata Cohen kepada KTT Intelijen dan Keamanan Nasional."Kita dapat yakin bahwa Putin akan melancarkan serangan balik untuk mencoba merebut kembali wilayah tersebut," kata Cohen. "Saya pikir harapan kami adalah bahwa itu akan menjadi pertempuran yang sulit bagi Rusia."Putin, katanya, "tidak hanya harus menghadapi kenyataan bahwa sekarang ada garis depan di dalam wilayah Rusia yang harus ia tangani, ia harus berurusan dengan gema di masyarakatnya sendiri bahwa mereka telah kehilangan sebagian wilayah Rusia." di Kursk "berpotensi mengubah dinamika" konflik "sedikit ke depan," lanjutnya tanpa menjelaskan lebih lanjut.Ukraina mengklaim telah merebut 100 pemukiman dalam serangannya ke wilayah Kursk Rusia, sementara pasukan Rusia terus maju di wilayah timur Donetsk.Cohen mengatakan bahwa Rusia telah membuat kemajuan tersebut "dengan biaya yang luar biasa" dalam pasukan dan peralatan dan "mungkin atau mungkin tidak" merebut kota pusat logistik Ukraina Pokrovsk."Tetapi pada akhirnya, tidak satupun dari itu merupakan perubahan permainan dalam arti strategis" bagi Rusia, lanjutnya.Pada hari Selasa, mengatakan bahwa perang dengan Rusia pada akhirnya akan berakhir dalam dialog, tetapi Kyiv harus berada dalam posisi yang kuat dan bahwa ia akan mempresentasikan rencana kepada Presiden AS Joe Biden dan dua penerusnya.Putin telah mengatakan bahwa setiap kesepakatan harus dimulai dengan penerimaan Ukraina terhadap "realitas di lapangan," yang akan menjadikan Rusia memiliki sebagian besar dari empat wilayah Ukraina serta Krimea.Ukraina mengatakan mengendalikan lebih dari 1.200 kilometer persegi (463 mil persegi) wilayah Kursk.Artikel ini disediakan oleh penyedia konten pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberikan jaminan atau pernyataan sehubungan dengan hal tersebut. Sektor: Top Story, Daily News SeaPRwire menyediakan distribusi siaran pers real-time untuk perusahaan dan lembaga, menjangkau lebih dari 6.500 toko media, 86.000 editor dan jurnalis, dan 3,5 juta desktop profesional di 90 negara. SeaPRwire mendukung distribusi siaran pers dalam bahasa Inggris, Korea, Jepang, Arab, Cina Sederhana, Cina Tradisional, Vietnam, Thailand, Indonesia, Melayu, Jerman, Rusia, Prancis, Spanyol, Portugis dan bahasa lainnya.
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Penumpasan Maduro terhadap lawan politik setelah pemilu curang: ‘Membuat orang terdiam’

(SeaPRwire) - Seorang tokoh kunci dalam menyiarkan langsung penangkapannya saat dia dibawa keluar dari rumahnya di Portuguesa di Venezuela barat laut awal bulan ini. Petugas keamanan dari Direktorat Jenderal Kontraintelijen Militer Venezuela menerobos masuk ke rumah María Oropeza tanpa alasan yang sah atau surat perintah. Sebelum algojo Presiden Venezuela Nicolás Maduro menyita telepon selulernya dan mengakhiri dia mengatakan dalam siaran langsungnya, "Saya bukan penjahat. Saya hanyalah warga negara lain yang menginginkan negara yang berbeda." Oropeza tidak terdengar kabarnya sejak itu."Itu adalah pengalaman yang sangat membuat frustrasi bagi kami, karena kami tidak berdaya untuk melakukan apa pun selain menonton," kata Ana Karina Rizo. "Itu sangat menegangkan," tambah Rizo, yang merupakan kolega Oropeza.Beberapa jam sebelum ditahan, Oropeza mengkritik penindasan yang luas dan semakin intensif yang terjadi di Venezuela selama sebulan terakhir. Aktivis dan pengacara oposisi itu menyebut penindasan Presiden Maduro sebagai perburuan penyihir terhadap politisi menyusul pemilihan yang sangat diperebutkan.Pemilihan Venezuela pada 28 Juli menyaksikan dengan lebih dari 1 juta suara. Maduro, yang berkuasa sejak 2013, sedang mencari masa jabatan ketiga selama enam tahun. Sementara itu, koalisi oposisi utama, Vente Venezuela, menuduhnya mencoba mencuri suara. Kampanye Vente Venezuela telah merilis catatan yang menunjukkan calon oposisi Edmundo González menang dengan selisih lebih dari 2 banding 1. Pemimpin utama oposisi, González, dan pemimpin oposisi María Corina Machado telah bersembunyi sejak pemungutan suara.Minggu lalu, oposisi mengalami kemunduran lebih lanjut ketika Mahkamah Agung Venezuela yang kontroversial menegaskan kembali Maduro sebagai pemenang pemilihan yang disengketakan. Pengadilan pilihan Maduro menyatakan bahwa penghitungan suara yang menunjukkan laporan apa pun tentang kekalahannya dipalsukan. AS, Uni Eropa (UE), dan sejumlah negara Amerika Latin telah secara tegas menolak sertifikasi pengadilan tinggi Venezuela. Maduro dan pemerintahannya telah menolak untuk merilis lembar penghitungan resmi dari pemilihan bulan lalu.Klaim kemenangan Maduro memicu letusan protes di seluruh Venezuela, mendorong rezimnya untuk terlibat dalam gelombang penindasan kekerasan. Pasukan keamanan telah menangkap lebih dari 2.000 demonstran, banyak di antaranya dibawa ke kamp penyiksaan. Oropeza adalah salah satu tahanan tersebut.Aktivisme Oropeza dalam mengumpulkan dukungan untuk menjadikan dia sasaran penting bagi penumpasan rezim Maduro terhadap perbedaan pendapat. Dua hari setelah penangkapan Oropeza, unit kontra intelijen militer Venezuela merilis video pertama dan satu-satunya tentang dirinya. Dalam rekaman tersebut, perempuan berusia 30 tahun itu terlihat dikawal turun dari pesawat ke bagian belakang van dengan tangan terikat oleh ikat pinggang. Minggu lalu, pengacara Vente Venezuela mengkonfirmasi bahwa Oropeza, koordinator mereka untuk Negara Bagian Portuguesa, ditahan di pusat penahanan El Helicoide yang terkenal itu, dituduh menghasut kebencian dan terorisme, pelanggaran yang dapat dihukum hingga 20 hingga 30 tahun penjara.Pusat penahanan El Helicoide Maduro di Caracas menampung tahanan umum dan politik. Itu terkenal sebagai penjara utama Venezuela untuk pembangkang dan kamp penyiksaan terburuknya. Tahanan dikurung di sel bawah tanah yang penuh sesak, tidak higienis, di mana kecoak berkeliaran dan limbah manusia mencemari lingkungan. Tahanan wanita sering menghadapi kekerasan seksual. Sebagian besar tahanan, seperti Oropeza, tidak memiliki perwakilan hukum dan tidak dapat menghubungi pengacara.Departemen Luar Negeri AS telah menyerukan kepada Maduro "untuk membebaskan mereka yang ditahan karena menjalankan hak kebebasan berekspresi mereka" dan agar "kehendak rakyat Venezuela" "dihormati." Administrasi Biden telah menyatakan komitmennya untuk menjunjung tinggi hak-hak pemilih Venezuela, tetapi tidak ada tindakan nyata untuk membebaskan mereka yang berada di kamp penyiksaan yang telah dilakukan.Ladies of Liberty Alliance (LOLA), sebuah organisasi global perempuan libertarian, telah mengambil tindakan cepat menanggapi penangkapan Oropeza. Awal bulan ini, LOLA mengajukan pengaduan kepada Komisi Inter-Amerika tentang Hak Asasi Manusia, meminta tindakan pencegahan untuk pembebasan Oropeza. Organisasi ini juga berusaha untuk menarik perhatian internasional terhadap penderitaannya, menyerukan kepada organisasi hak asasi manusia dan masyarakat internasional untuk menekan rezim Maduro.Penahanannya telah sangat mengguncang para demonstran. Video penangkapan yang mengerikan, yang kemudian diedit dan diposting ulang oleh milisi kontra intelijen Venezuela dengan musik menyeramkan dari film horor "A Nightmare on Elm Street", telah membuat banyak orang bersembunyi. Presiden LOLA Nena Bartlett Whitfield mengatakan kepada Digital bahwa banyak aktivis "nafsu makan mereka untuk mengambil risiko telah menurun. Mereka takut dipenjara." Whitfield menambahkan, "Rezim tidak menginginkan revolusi kekerasan, tetapi mereka memang mengganggu oposisi untuk mencegah perjuangan mereka." Whitfield mengatakan video penangkapan Oropeza "telah membuat orang-orang terdiam".Pengacara LOLA Ana Karina Rizo mengungkapkan bahaya yang dihadapi para demonstran yang tetap berada di Venezuela, mengatakan kepada Digital, "Kami tahu aktivis seperti María bisa menjadi sasaran rezim kapan saja. Itulah risiko yang Anda ambil ketika menantang rezim totaliter." "Dia memilih untuk tinggal di Venezuela, meskipun dia memiliki kesempatan untuk pergi, karena dia ingin berjuang untuk kebebasan dan untuk keluarganya," kata Agustina Sosa, teman Oropeza dan kolega LOLA, kepada Digital. "Bagaimana kita bisa tidak terus mendorong untuk pembebasannya?"LOLA mempelopori upaya pembebasan Oropeza. Organisasi ini telah mengumpulkan hampir $4.000 untuk mencapai target $5.000. Diperkirakan 7,7 juta warga Venezuela telah meninggalkan negara yang bergejolak sejak 2014.Artikel ini disediakan oleh penyedia konten pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberikan jaminan atau pernyataan sehubungan dengan hal tersebut. Sektor: Top Story, Daily News SeaPRwire menyediakan distribusi siaran pers real-time untuk perusahaan dan lembaga, menjangkau lebih dari 6.500 toko media, 86.000 editor dan jurnalis, dan 3,5 juta desktop profesional di 90 negara. SeaPRwire mendukung distribusi siaran pers dalam bahasa Inggris, Korea, Jepang, Arab, Cina Sederhana, Cina Tradisional, Vietnam, Thailand, Indonesia, Melayu, Jerman, Rusia, Prancis, Spanyol, Portugis dan bahasa lainnya.
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Laporan Pendapatan Nvidia: Apa yang Diharapkan dari Raksasa AI Bisnis

Laporan Pendapatan Nvidia: Apa yang Diharapkan dari Raksasa AI

(SeaPRwire) - Nvidia (NASDAQ:NVDA) telah menjadi kekuatan dominan di sektor kecerdasan buatan (AI), mendorong inovasi dan memimpin dalam manufaktur chip AI. Saat dunia teknologi dengan penuh harap menantikan laporan pendapatan Nvidia terbaru, semakin besar antisipasi tentang apa yang akan diungkapkan angka-angka tersebut tentang keberhasilan berkelanjutan perusahaan dan pasar AI yang lebih luas. Booming AI Mendorong Dominasi Pasar Nvidia Laporan pendapatan Nvidia sangat dinantikan karena peran penting perusahaan dalam revolusi AI. Unit pemrosesan grafis (GPU) Nvidia telah menjadi tulang punggung pengembangan AI, memungkinkan semuanya dari algoritma pembelajaran mesin tingkat lanjut hingga alat AI generatif yang mutakhir. Hal ini telah menempatkan Nvidia di garis depan industri AI, dengan kapitalisasi pasar yang kini melampaui $3 triliun. Dominasi Nvidia bukan hanya soal pangsa pasar tetapi juga pengaruh. Chip perusahaan merupakan bagian integral dari operasi raksasa teknologi yang berinvestasi besar dalam AI, menjadikan Nvidia sebagai tolak ukur kesehatan industri. Laporan pendapatan Nvidia yang akan datang diperkirakan akan menjelaskan seberapa menguntungkan booming AI ini bagi perusahaan. Analis Memprediksi Hasil yang Kuat Analis Wall Street optimis tentang kinerja keuangan Nvidia. Laporan pendapatan Nvidia diperkirakan akan menunjukkan peningkatan pendapatan dan laba per saham (EPS) yang substansial. Secara khusus, analis memperkirakan laba yang disesuaikan sebesar 65 sen per saham, lompatan signifikan dari 27 sen yang dilaporkan pada kuartal yang sama tahun lalu. Pendapatan diperkirakan akan melonjak menjadi $28,74 miliar, lebih dari dua kali lipat angka tahun sebelumnya. Pertumbuhan yang mengesankan ini sangat kontras dengan S&P 500 yang lebih luas, di mana perusahaan-perusahaan diperkirakan akan membukukan peningkatan pendapatan rata-rata hanya 5% untuk kuartal tersebut. Kinerja luar biasa Nvidia menyoroti posisinya yang unik di pasar, didorong oleh permintaan teknologi AI yang tak terpuaskan. Risiko Euforia Investor Terlepas dari prospek yang positif, ada kekhawatiran bahwa pasar mungkin menjadi terlalu optimis tentang prospek Nvidia. Saham Nvidia telah melonjak hampir 150% pada paruh pertama tahun ini, yang mengarah pada penilaian lebih dari 100 kali lipat pendapatannya selama 12 bulan terakhir. Ini jauh lebih tinggi dari penilaian historis saham dan pasar yang lebih luas. Laporan pendapatan Nvidia bisa menjadi momen penting bagi saham perusahaan. Jika hasilnya memenuhi atau melampaui ekspektasi, saham dapat terus melaju naik. Namun, tanda-tanda perlambatan permintaan AI atau hasil yang lebih lunak dari yang diharapkan dapat memicu penjualan, karena investor menilai kembali keberlanjutan pertumbuhan Nvidia. Permintaan AI Mendorong Lonjakan Pendapatan Pertumbuhan Nvidia sebagian besar didorong oleh permintaan produk AI yang sedang booming, terutama yang digunakan di pusat data. Selama tiga kuartal terakhir, pendapatan Nvidia telah meningkat lebih dari tiga kali lipat, dengan bisnis pusat data memberikan kontribusi terbesar untuk pertumbuhan ini. Laporan pendapatan Nvidia diperkirakan akan mengonfirmasi bahwa tren ini berlanjut, lebih lanjut memperkuat dominasi perusahaan di ruang AI. Munculnya AI generatif—teknologi yang dapat membuat teks, gambar, dan konten lainnya—telah menjadi pendorong utama permintaan chip khusus Nvidia. Perusahaan di berbagai industri berinvestasi besar dalam teknologi ini, yang semuanya bergantung pada GPU Nvidia untuk kekuatan komputasinya. Warisan Inovasi Nvidia Keberhasilan Nvidia dalam AI adalah bab terbaru dalam sejarah panjang inovasi. Pendiri dan CEO perusahaan, Jensen Huang, telah menjadi pemimpin yang visioner, bertaruh sejak awal pada potensi GPU untuk mengubah tidak hanya game tetapi juga seluruh lanskap komputasi. Penemuan GPU oleh Nvidia pada tahun 1999 merupakan titik balik bagi industri teknologi, dan perusahaan terus mendorong batas-batas apa yang mungkin dilakukan dengan teknologinya. Saat laporan semakin dekat, investor dan pengamat industri akan sangat ingin melihat apakah perusahaan dapat terus memberikan hasil luar biasa yang telah menjadikannya pemimpin dalam revolusi AI. Taruhannya tinggi, tetapi Nvidia memiliki rekam jejak terbukti dalam menghadapi tantangan.Artikel ini disediakan oleh penyedia konten pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberikan jaminan atau pernyataan sehubungan dengan hal tersebut. Sektor: Top Story, Daily News SeaPRwire menyediakan distribusi siaran pers real-time untuk perusahaan dan lembaga, menjangkau lebih dari 6.500 toko media, 86.000 editor dan jurnalis, dan 3,5 juta desktop profesional di 90 negara. SeaPRwire mendukung distribusi siaran pers dalam bahasa Inggris, Korea, Jepang, Arab, Cina Sederhana, Cina Tradisional, Vietnam, Thailand, Indonesia, Melayu, Jerman, Rusia, Prancis, Spanyol, Portugis dan bahasa lainnya.
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Saham Paramount Menurun Saat Saga Akuisisi Mendekati Kesimpulan Bisnis

Saham Paramount Menurun Saat Saga Akuisisi Mendekati Kesimpulan

Saham Paramount Turun 5% (SeaPRwire) - Saham Paramount (NASDAQ:PARA) turun lebih dari 5% pada awal Selasa setelah pengumuman bahwa periode “go-shop” mereka telah berakhir. Perkembangan ini terjadi setelah miliarder Edgar Bronfman Jr. menarik tawarannya untuk membeli Paramount pada Senin malam. Selesainya periode ini menunjukkan bahwa Skydance Media kemungkinan akan menjadi pemilik berikutnya dari raksasa media tersebut, mengakhiri spekulasi selama bertahun-tahun tentang potensi kesepakatan. Akuisisi Paramount oleh Skydance Dengan berakhirnya periode go-shop, tampaknya Skydance Media akan maju dengan mengakuisisi Paramount. Shari Redstone, melalui perusahaan holding keluarganya, National Amusements (NAI), telah mengendalikan Paramount, dan perjanjian dengan Skydance akan menandai perubahan kepemilikan yang signifikan. Charles Phillips, ketua komite khusus Paramount, menyatakan bahwa setelah menjelajahi pilihan secara menyeluruh, perjanjian dengan Skydance memberikan nilai langsung dan potensi untuk menciptakan nilai lebih lanjut dalam lanskap media yang berkembang. Tawaran dan Penarikan Bronfman Edgar Bronfman Jr., pewaris kekayaan minuman keras Seagram dan ketua eksekutif saat ini di FuboTV (NYSE), mengajukan tawaran menit terakhir awal bulan ini. Akuisisi yang diajukan sebesar $6 miliar oleh Bronfman mengancam untuk mengganggu kesepakatan $8 miliar yang telah dicapai Paramount dengan Skydance. Namun, kesulitan dalam mendapatkan pendanaan, yang melibatkan investor seperti Fortress dan BC Partners Credit, menyebabkan Bronfman menarik diri dari tawaran tersebut. Tantangan dan Perubahan Strategis untuk Paramount Paramount baru-baru ini melaporkan perlambatan yang lebih signifikan dalam bisnis TV liniernya daripada yang diperkirakan analis, ditambah dengan penghapusan nilai hampir $6 miliar pada unit kabelnya. Selain itu, perusahaan mengumumkan rencana untuk memberhentikan 15% dari tenaga kerja AS-nya, menyusul penghapusan sekitar 800 posisi awal tahun ini. Pemotongan pekerjaan ini diperkirakan akan selesai pada akhir tahun. Kesepakatan Skydance dan Kepemimpinan Masa Depan Transaksi Skydance, yang bernilai $4,75 miliar, diperkirakan akan ditutup pada paruh pertama tahun 2025, dengan menunggu persetujuan peraturan. Sebagai bagian dari kesepakatan seluruh saham, Skydance akan menyuntikkan $6 miliar tunai ke Paramount, dengan $1,5 miliar dialokasikan langsung ke neracanya yang sarat utang. CEO Skydance, David Ellison, akan mengambil alih peran ketua dan CEO entitas gabungan, sementara mantan eksekutif NBCUniversal, Jeff Shell, akan menjadi presiden. Tim kepemimpinan baru telah menguraikan visi strategis, termasuk pemotongan biaya sebesar $2 miliar, dengan $500 juta sudah berjalan.Artikel ini disediakan oleh penyedia konten pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberikan jaminan atau pernyataan sehubungan dengan hal tersebut. Sektor: Top Story, Daily News SeaPRwire menyediakan distribusi siaran pers real-time untuk perusahaan dan lembaga, menjangkau lebih dari 6.500 toko media, 86.000 editor dan jurnalis, dan 3,5 juta desktop profesional di 90 negara. SeaPRwire mendukung distribusi siaran pers dalam bahasa Inggris, Korea, Jepang, Arab, Cina Sederhana, Cina Tradisional, Vietnam, Thailand, Indonesia, Melayu, Jerman, Rusia, Prancis, Spanyol, Portugis dan bahasa lainnya.
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Pendapatan Nvidia Berpotensi Picu Pergerakan Pasar Rekor Sebesar $300 Miliar Bisnis

Pendapatan Nvidia Berpotensi Picu Pergerakan Pasar Rekor Sebesar $300 Miliar

(SeaPRwire) - Saat Nvidia (NASDAQ:NVDA) bersiap untuk merilis laporannya, para trader di pasar opsi ekuitas AS bersiap untuk pergerakan pasar yang berpotensi bersejarah. Antisipasi seputar kinerja Nvidia sangat terasa, dengan harga opsi menunjukkan bahwa ayunan lebih dari $300 miliar dalam kapitalisasi pasar perusahaan dapat terjadi setelah pengumuman. Ekspektasi ini menggarisbawahi pengaruh mendalam yang dimiliki Nvidia, pembuat chip kecerdasan buatan terkemuka di dunia, terhadap pasar yang lebih luas, terutama mengingat perannya dalam lonjakan teknologi yang digerakkan oleh AI. Dampak Pendapatan Nvidia: Antisipasi Ayunan Pasar Rekor Menurut data dari perusahaan analitik ORATS, trader memprediksi pergerakan harga saham Nvidia sebesar 9,8% setelah rilis pendapatannya. Dengan kapitalisasi pasar Nvidia saat ini berada di sekitar $3,11 triliun, ayunan seperti itu dapat diterjemahkan ke dalam pergeseran yang mengejutkan sebesar $305 miliar. Ini kemungkinan akan menandai pergerakan pasar terkait pendapatan yang diharapkan terbesar dalam sejarah, melampaui kapitalisasi pasar sebagian besar perusahaan S&P 500, termasuk raksasa seperti Netflix (NASDAQ:NFLX) dan Merck (NYSE:MRK). Volatilitas yang diantisipasi ini jauh melampaui pergerakan rata-rata pasca-pendapatan sebesar 8,1% yang dialami Nvidia selama tiga tahun terakhir. Ekspektasi yang meningkat mencerminkan peran penting yang dimainkan Nvidia dalam revolusi AI. Chip perusahaan dianggap sebagai standar emas untuk aplikasi AI, menjadikan hasil keuangannya sebagai tolok ukur untuk sektor teknologi yang lebih luas. Implikasi Pasar yang Lebih Luas dari Pendapatan Nvidia Pengaruh Nvidia meluas di luar kinerja sahamnya sendiri. Perusahaan telah menjadi pendorong utama keuntungan S&P 500 tahun ini, dengan sahamnya naik sekitar 150% tahun-ke-tahun, berkontribusi pada sekitar seperempat keuntungan indeks sebesar 18% selama periode yang sama. "Ini adalah Atlas yang menopang pasar," kata Steve Sosnick, kepala strategi di Interactive Brokers, menyoroti peran penting Nvidia dalam profitabilitas keseluruhan S&P 500. Taruhannya tinggi, tidak hanya untuk Nvidia tetapi untuk seluruh pasar. Pergerakan signifikan dalam saham Nvidia dapat menentukan nada untuk saham teknologi dan pasar yang lebih luas dalam beberapa bulan mendatang. Trader sangat khawatir tentang kehilangan potensi keuntungan, dengan data opsi dari Susquehanna Financial menunjukkan probabilitas 7% bahwa saham Nvidia dapat naik lebih dari 20% pada hari Jumat. Sebaliknya, hanya ada peluang 4% untuk penurunan berukuran serupa. Volatilitas dan Rasa Takut Kehilangan (FOMO) Bagian dari apa yang mendorong harapan ini adalah sejarah volatilitas Nvidia. Volatilitas historis 30 hari rata-rata perusahaan tahun ini sekitar dua kali lipat dari perusahaan bernilai satu triliun dolar lainnya, menurut analisis data Trade Alert oleh Reuters. Volatilitas ini adalah refleksi dari ketidakpastian dan optimisme yang berkelanjutan seputar AI dan peluang besar yang dihadirkannya. Christopher Jacobson, seorang ahli strategi di Susquehanna Financial Group, mencatat, "Opsi hanya mencerminkan bagaimana saham benar-benar bergerak. Ini adalah fungsi dari ketidakpastian/optimisme yang berkelanjutan sehubungan dengan AI dan ukuran akhir dari peluang yang digabungkan dengan NVDA yang menjadi saham yang sangat diikuti di antara investor institusional dan ritel." Fokus yang intens pada Nvidia telah menyebabkan apa yang Sosnick gambarkan sebagai "asuransi FOMO" di antara trader—banyak yang membeli opsi tidak hanya untuk melindungi diri dari potensi kerugian, tetapi untuk menghindari kehilangan potensi reli dalam saham Nvidia. Rasa takut kehilangan ini menggarisbawahi sentimen yang lebih luas di pasar, di mana optimisme tentang masa depan AI diimbangi oleh volatilitas inheren dari sektor yang berkembang pesat tersebut. Kesimpulan: Momen Krusial bagi Nvidia dan Pasar Saat Nvidia bersiap untuk mengumumkan pendapatannya, pasar siap untuk apa yang bisa menjadi reaksi yang memecahkan rekor. Apakah hasil Nvidia mengarah pada reli yang signifikan atau penurunan tajam, hasilnya kemungkinan akan memiliki implikasi yang luas bagi sektor teknologi dan pasar yang lebih luas. Ayunan pasar yang diantisipasi sebesar $300 miliar mencerminkan tidak hanya pentingnya kinerja keuangan Nvidia, tetapi juga harapan tinggi yang diletakkan pada perusahaan sebagai pemimpin dalam revolusi AI. Investor dan trader akan mengawasi dengan ketat, karena hasilnya dapat menentukan panggung untuk bab berikutnya dalam evolusi pasar.Artikel ini disediakan oleh penyedia konten pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberikan jaminan atau pernyataan sehubungan dengan hal tersebut. Sektor: Top Story, Daily News SeaPRwire menyediakan distribusi siaran pers real-time untuk perusahaan dan lembaga, menjangkau lebih dari 6.500 toko media, 86.000 editor dan jurnalis, dan 3,5 juta desktop profesional di 90 negara. SeaPRwire mendukung distribusi siaran pers dalam bahasa Inggris, Korea, Jepang, Arab, Cina Sederhana, Cina Tradisional, Vietnam, Thailand, Indonesia, Melayu, Jerman, Rusia, Prancis, Spanyol, Portugis dan bahasa lainnya.
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IGG Inc: Viking Rise and App Business Achieve New Highs in Quarterly Gross Billing ACN Newswire

IGG Inc: Viking Rise and App Business Achieve New Highs in Quarterly Gross Billing

2024 Interim Financial Highlights and 2H24 Outlook of IGG Inc:- For the first half of 2024, the Group experienced a 9% year-on-year increase in revenue, reaching a total of HK$2.74 billion. This growth was primarily driven by the steady success of two highly-rated strategy games, “Doomsday: Last Survivors” and “Viking Rise”, as well as the strong performance of the APP Business “Doomsday: Last Survivors” and “Viking Rise” contributed approximately HK$500 million and HK$300 million respectively, while the APP Business generated HK$400 million in revenue for the Group. These contributions highlight the Group’s commitment to diversified growth and underscore the significant role played by these key revenue drivers.- “Lords Mobile”, IGG’s flagship title launched eight years ago, contributed HK$1.34 billion.- Following the Group’s successful turnaround from a loss to an annual net profit of HK$73 million in 2023, the Group experienced a significant increase in net profit, reaching HK$330 million in the first half of 2024. The Group’s core business exceeded HK$350 million in net profit, while the investment business recorded a slight loss of approximately HK$25 million due to fair-value changes of investees.- The Board of Directors declared an interim dividend of HK8.5 cents per ordinary share, representing approximately 30% of the net profit for the first half of 2024. The Group spent nearly HK$33 million on share buybacks in the first half. The dividend declared plus the amount spent to repurchase shares make up about 40% of the Group’s net profit for the first half of 2024.- Entering the second half of 2024, “Viking Rise” and the APP Business are expected to achieve new highs, with monthly gross billing at HK$80 million and HK$120 million respectively for the past two months. With consistent growth of the core game business and APP Business, the Group expects to maintain sustained profitability in the long term.HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - IGG Inc (“IGG” or the “Group”, stock code: 799.HK), a leading global developer and publisher of mobile games and applications, announces its unaudited consolidated interim results for the six months ended 30 June 2024.Having achieved a remarkable turnaround from a loss to a profit in 2023, the Group is now directing its efforts towards “Profit-driven Growth” in 2024. In terms of revenue, the Group experienced a 9% year-on-year increase, reaching HK$2.74 billion in the first half of 2024. This growth was primarily driven by the consistent contributions from the two highly rated strategy games, “Doomsday: Last Survivors” and “Viking Rise”, along with the outstanding performance of the APP Business. “Lords Mobile”, IGG’s flagship title launched eight years ago, contributed HK$1.34 billion in the first half of 2024. During the period, “Doomsday: Last Survivors” and “Viking Rise” generated approximately HK$500 million and HK$300 million, respectively, replacing “Lords Mobile” to become the new growth drivers. Following its restructuring at the beginning of 2024, the APP Business swiftly regained momentum and achieved record-breaking revenue of HK$400 million in the first half of 2024, accounting for 15% of the Group’s total revenue, and establishing itself as a diversified growth catalyst. During the period, revenue from Asia, Europe and North America accounted for 41%, 34% and 21%, respectively, of the Group’s total revenue.With the contribution of the aforementioned businesses, continuous resource optimization, and extensive utilization of AI technology, the Group achieved a net profit of HK$330 million in the first half of 2024. The Group’s core business exceeded HK$350 million in net profit, while the investment business recorded a slight loss of approximately HK$25 million due to fair-value changes of investees. As at 30 June 2024, the Group’s mobile games were available in 23 different languages worldwide, with approximately 1.45 billion gamers in total and 17 million monthly active users (“MAU”) across more than 200 countries and regions.“Viking Rise”, the Group’s first Viking-themed strategy game, received widespread acclaim when it was launched in late 2022. Throughout the first half of 2024, the Group continued to enhance the game’s content, introducing a variety of in-game features including social play, instances, and guild battles. In a marketing campaign, the Group partnered with Hafþor Julius Björnsson, the “World’s Strongest Man” and renowned actor from the classic American TV show, to be the forefront authority for the new Valhalla Drill game mode. Additionally, the collaboration between the game and the popular TV show “Vikings” from MGM Television and its spinoff series “Vikings: Valhalla” was very well received by the game’s 30 million players. With recent marketing initiatives, the game is projected to achieve a new record in August, with monthly gross billing expected to reach HK$80 million.Expanding on the initial version of “Doomsday: Last Survivors”, the group introduced an exciting blend of MOBA (Multiplayer Online Battle Arena) and Battle Royale features to its strategy gameplay. To further enhance the experience, the Group has unveiled “Genesis War”, a thrilling large-scale guild battle that adds a new dimension to the game, propelling the average monthly gross billing to HK$86 million. The Group worked with the renowned fighting game, “THE KING OF FIGHTERS ’97”, and held the first International Offline SLG Championship for “Doomsday: Last Survivors” and “Lords Mobile”. This groundbreaking tournament is a first for the games industry.“Lords Mobile”, IGG’s innovative blockbuster title, is the Group’s first cross-platform, multi-language, real-time game designed for global gamers. Launched in 2016, the game has garnered widespread acclaim from gamers, and is recognized for its longevity[1] and ability to generate stable revenue for the Group. As at 30 June 2024, it has amassed 710 million registered users worldwide and has 9.5 million MAU. The Group unveiled an exciting array of new marketing initiatives, including the much-anticipated “Guild Expedition” feature and collaborations with esteemed partners such as iconic Italian sports car manufacturer “PAGANI”, blockbuster movies like “Shrek” and “Godzilla x Kong: The New Empire”, and the fighting game “THE KING OF FIGHTERS XV”, to offer players a refreshing gaming experience.Following a strategic restructuring in early 2024, the APP Business swiftly regained its stride and achieved remarkable milestones in gross billing and user acquisitions. During the period, the APP Business experienced a surge in monthly gross billing to an impressive HK$100 million, contributing a substantial HK$400 million in revenue for the period, accounting for 15% of the Group’s total revenue. It solidified the APP Business as a pivotal catalyst for diversified growth within the Group. As at 30 June 2024, it has over 41 million MAU. The Group’s commitment to promoting and diversifying its product portfolio, leveraging its platform-based business model, led the APP Business to achieve a monthly gross billing of HK$120 million in July.Through a combination of share repurchases and dividend payouts, the Group consistently returns value to its shareholders. During the period, the Group repurchased close to 10 million shares for a consideration of nearly HK$33 million, representing approximately 10% of interim profit. The Board of Directors declared an interim dividend of HK8.5 cents per ordinary share, representing approximately 30% of interim profit. The dividend declared plus the amount spent to repurchase shares make up about 40% of the Group’s net profit for the first half of 2024.By adhering to its long-term operational strategy, the Group will drive steady growth in both its core game business and the APP Business. Additionally, the Group will continue to adopt Artificial Intelligence Generated Content (“AIGC”) technology to optimize costs and enhance profitability. Increased marketing initiatives for “Viking Rise” and the continued growth of the APP Business are fuelling the Group’s upward trajectory and positioning it for sustained profitability in the long run. Embracing the corporate spirit of “Innovators at Work, Gamers at Heart”, the Group will continue to strengthen its global R&D and operation capabilities, to relentlessly pursue its strategy of quality, innovation, and excellence in creating innovative yet timeless games.[1] APP Business: the Group’s mobile applications[2] Source: Sensor Tower, a third-party analytics platform– END –About IGG IncEstablished in 2006, IGG Inc is a leading global mobile games and applications developer and operator with headquarters in Singapore and local offices in the United States, China, Canada, Japan, South Korea, Thailand, the Philippines, Indonesia, Brazil, Türkiye, Italy and Spain. IGG offers multi-language and multifarious games to users around the world. The Group has established long-term partnerships with over 100 business partners, including global platforms, advertising channels, and vendors such as Apple, Google and Meta. IGG’s most popular games include “Lords Mobile”, “Doomsday: Last Survivors”, “Viking Rise”, “Castle Clash”, and “Time Princess”. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Hitachi High-Tech and Gencurix entered a partnership in cancer molecular diagnostics business JCN Newswire

Hitachi High-Tech and Gencurix entered a partnership in cancer molecular diagnostics business

Hitachi High-Tech Corporation ("Hitachi High-Tech") and Gencurix, Inc. ("Gencurix") have entered a strategic partnership (the Partnership) in the field of cancer molecular diagnostics(1). The Partnership aims to develop a testing service for the cancer molecular diagnostics by combining Hitachi High-Tech's core expertise in R&D and manufacturing of in vitro diagnostic products and digital technology, and Gencurix's technology and experience in biomarker(2) discovery for cancer diagnosis and development of molecular testing service. As a part of the Partnership, both companies concluded a Feasibility Study (FS) agreement to examine the feasibility of the business and completed the checkpoints defined in this FS agreement in June 2024. As the next step, Hitachi High-Tech and Gencurix are planning commercialization of testing services in Japan.In recent years, cancer treatments have begun to offer "personalized medicine," in which genes and proteins are examined in detail for precise diagnosis and treatment selection, and the treatment is tailored to the individual patient. As treatment modalities evolve, doctors and patients are facing with increasing opportunities to choose treatment, and clinical testing is becoming more important in supporting that choice. In the field of cancer diagnosis, where new drugs and treatments are rapidly being developed, there is a need to discover appropriate biomarkers, establish testing methods, and use digital technology to provide reports promptly with high medical value.Under these circumstances, Hitachi High-Tech, strengthening its molecular diagnostics business, and Gencurix, being specialized in biomarker discovery technology, will join forces to develop highly reliable testing services for cancer diagnosis.In April 2024, Hitachi, Ltd.("Hitachi") and Hitachi High-Tech consolidated Hitachi's Healthcare Business Division (radiation therapy, digital healthcare, etc.) to Hitachi High-Tech to promote the healthcare business based on "Diagnosis x Therapy x Digital" and create healthcare innovation. Especially in area of in vitro diagnostics area, we have contributed to improve quality and efficiency of testing with a product lineup that includes in vitro diagnostic equipment that analyzes blood and other specimens to support the diagnosis of diseases, and DNA sequencers. This Partnership is part of Hitachi High Tech's growth strategy of strengthening this molecular diagnostics business. Towards creating "a society without fear of cancer," Hitachi High-Tech aims to contribute to the improvement of people's QoL (Quality of Life) through "personalized medicine" and "sophisticated diagnosis of intractable diseases."Gencurix is a leading life science company established in 2011 in Seoul, Korea, engaged in the discovery of biomarkers for cancer diagnosis, the provision of testing services, and the sale of testing kits. Gencurix provides molecular diagnostic solutions across the cancer care process, from early detection to prognosis, companion diagnostics(3) and recurrence monitoring. Gencurix operates in Korea, Europe, and other countries around the world, and promotes joint development with pharmaceutical companies.Hitachi High-Tech and Gencurix will jointly develop cancer diagnostic tests required in clinical practice to promote personalized medicine in the oncology field and aim to provide highly reliable testing service solutions using digital technology. We will first jointly launch a testing service business in Japan and then in other countries.(1) Molecular diagnostics: Molecular diagnostic involves measuring biomolecules such as DNA, RNA, and protein contained in tissues and blood (body fluids) and provides information necessary for diagnosis or selection of therapeutic drugs to healthcare professionals.(2) Biomarker: A biomarker is a test item or biological substance that is an indicator of the presence or absence of a certain disease, a change in a disease status, or a therapeutic efficacy. Biomarkers are becoming increasingly important and enabling personalized medicine in specific disease areas such as cancer. In addition to being used as indicators to measure therapeutic efficacy, biomarkers are also expected to be used as indicators for disease prevention in the future.(3) Companion diagnostics: In vitro diagnostics to test the indication of a specific drug to improve the efficacy or safety of the drug.About GencurixGencurix is a molecular diagnostics company for cancer that provides digital PCR-based products and testing services based on a liquid biopsy, biomarker discovery and commercialization platform. Under the motto "Best in Class," Gencurix strives to solve clinical unmet needs with new technologies and testing products.Key products include GenesWell BCT, a breast cancer prognostic test, and Droplex's line of companion diagnostics for a wide range of cancers, including lung, colorectal and endometrial cancers. Gencurix has developed early diagnostic tests for major cancers, including liver and colorectal cancer, and is promoting clinical research. As written, Gencurix provides molecular diagnostic solutions across the cancer care process, from early detection to prognosis, companion diagnostics and recurrence monitoring.For further information, visit https://www.gencurix.com/About Hitachi High-TechHitachi High-Tech, headquartered in Tokyo, Japan, is engaged in activities in a broad range of fields, including manufacture and sales of clinical analyzers, biotechnology products, radiation therapy systems, semiconductor manufacturing equipment, analytical instruments, and analysis equipment. Also, we provide high value-added solutions in industrial fields such as mobility, connected, environment and energy, etc. Through business based on our core Observation, Measurement and Analysis technologies, we will contribute to the realization of a sustainable society by solving social issues.The company's consolidated revenues for FY2023 were approx. JPY 670.4 billion. For further information, visit https://www.hitachi-hightech.com/global/en/Contact:Business Development Dept., Diagnostic System Business Strategy Planning Div.,Diagnostic System Business, Healthcare Business Group,Hitachi High-Tech Corporationwww.hitachi-hightech.com/global/en/contactus/#sec-2 Copyright 2024 JCN Newswire via SeaPRwire.com.
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Transforming CX: Discover What’s Next at the World CX Summit and Awards ACN Newswire

Transforming CX: Discover What’s Next at the World CX Summit and Awards

BENGALURU, INDIA, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - As India rises as a leading hub for technological innovation, the 12th Global Edition of the World CX Summit and Awards, hosted by Trescon, will examine the evolving customer experience (CX) landscape. Scheduled for 19 September at JW Marriott Hotel, UB city, Bengaluru, this summit will gather over 200+ top-notch CX Leaders & Marketing enthusiasts will be sharing actionable insights and discuss successful use cases that are shaping the future of CX.In light of the recent technological disruptions, including a significant outage that impacted millions of users, and the challenges faced across different industrial verticals, the importance of resilience, effective crisis management, and clear customer communication has become increasingly evident. The summit will address these issues by offering valuable insights into managing crisis effectively and enhancing customer trust through strategic innovations and best practices.Attendees will participate in high-impact sessions, including keynotes, panel discussions and conference, all aimed at advancing the CX landscape through a blend of emerging customer experience solutions and best practices designed to address current challenges and foster future progress.#WorldCXSummit features a dynamic agenda covering essential topics, from implementing strategic generative AI to integrating data analysis, enhancing human-like interactions through Conversational AI, interpreting customer feedback, and more.Among the notable speakers at the event are:Gurpreet Jolly, Head - Customer Experience and Service Delivery, AJIO (Reliance Retail Ltd.)Shruthi Bopaiah, Executive Vice President & Head - Customer Obsession, Axis BankSatish Patil, Director CX, Samsung ElectronicsVishal Bhatia, Chief Digital Officer, Canara BankDeepak Maloo, AVP, Food Strategy, Customer Experience & Restaurant Experience, SwiggyAvijit Mohapatra, Head of Flipkart Customer Experience Transformation, FlipkartVindhya Shanmugam, Senior Director - CX Growth, MyntraPriya Chakravarthy, Vice President - Experience, BluSmartNikhil Godbole, Group Head of Customer Service, JupiterRahul Poddar, Country Head Martech, Narayana HealthRahul Garg, Head – CX, Games 24x7Deepak Nayak, Sr Vice President – Customer Experience, Gameskraft“Customer experience is no longer just a touchpoint but a strategic pillar that drives competitive advantage. The World CX Summit offers a platform where thought leaders and innovators will gather to discuss and demonstrate how superior customer service can be achieved and sustained,” stated Mithun Shetty, Vice Chairman, Trescon. He further added, “By examining real-world use cases and emerging technologies, we will collectively advance our understanding of how to create memorable and impactful customer experiences that foster long-term loyalty,”Sharing the importance of the summit, Aalok R Pradhan, Head - Customer Delight, CX, COE - Digital & AI at TVS said, “World CX Summit in my opinion is a platform which can be leveraged by major CX professionals. This summit aims at new edge CX practices as well as the best-in-class products for CX professional to assess and up their game.”The event will also showcase the much awaited World CX Awards, spotlighting and celebrating the pioneering achievements of the nation’s foremost CX professionals. This segment will honour outstanding leadership and exceptional contributions across various sectors, marking a prominent celebration for the ‘Top 100 CX Leaders Awards’ and ‘Top Marketing Leaders’. Register to attend and to submit your nominations to celebrate with those setting new benchmarks in customer experience and marketing innovation. Secure your place and contribute to the advancement of CX today!About TresconTrescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership. With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients. For more information about Trescon, visit: www.tresconglobal.comFor media inquiries and further information, please contact:Vishal S STeam Leader – Media and CommunicationsTresconEmail: vishals@tresconglobal.comMobile: +91-7358680951 Copyright 2024 ACN Newswire via SeaPRwire.com.
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IBA of San Marino Partners with crwdunit for Advanced Quantum Ledger and Commodity Solutions ACN Newswire

IBA of San Marino Partners with crwdunit for Advanced Quantum Ledger and Commodity Solutions

SAN MARINO, ITALY , Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - IBA of San Marino, (https://www.iba.sm) an innovation leader in custodial agency and proof of transit technologies for commodities and a subsidiary of Spectral Capital Corporation (OTCQB:FCCN), today announced a strategic licensing agreement with crwdunit, Inc., a wholly owned subsidiary of CrowdPoint Technologies, Inc. This partnership aims to transform IBA’s approach by creating a quantum bridge from Distributed Ledger Technology (DLT) to traditional commodity custodianship using crwdunit’s cutting-edge quantization technology on a decentralized cloud infrastructure.Revolutionizing Asset Management with Quantum TechnologyIBA will utilize crwdunit’s precise asset valuation technology to enhance its operations, offering unprecedented accuracy and scalability in commodity asset management through the use of Quantum Value Units (QVUs). This integration ensures precise and reliable asset management and valuation during transit.Under this agreement, crwdunit technology will help IBA measure the quantization process when data is placed on a decentralized cloud infrastructure using CrowdPoint’s Distributed and Decentralized Quantum Ledger Database (Vogon Cloud). Vogon Cloud, formerly Node Nexus Network (NNN) which was acquired by Spectral Capital last week, combines quantum computing with a high-performance Zaph virtual machine, offering real-time analytics, secure data storage, and superior scalability.Vladimir Lakin, GM of IBA of San Marino, stated, “Our collaboration with crwdunit marks a significant advancement in our use of decentralized technologies and commodity custodianship services. The real-time quantization capabilities will redefine our asset valuation processes, enhancing transparency and security of traditional DLTs.”Nadab U. Akhtar, Co-Founder, President, and COO of CrowdPoint Technologies, added, “This partnership highlights the impact and versatility of our ecosystem in transforming traditional asset management and DLT with cutting-edge quantum technologies.”About IBA of San MarinoIBA of San Marino, a subsidiary of Spectral Capital Corporation (OTCQB:FCCN), specializes in creating custodianship, immutability, transparency, and a quantum bridge to DLT. Focused on leveraging innovation to deliver high-quality custodianship, IBA helps commodity owners worldwide quantize their contribution to a multi-billion-dollar daily commodity-in-transit market, accelerating its annual growth rate and contributing to positive economic impact in developing nations by creating a new kind of financial alpha.About crwdunit, Inc.A wholly owned subsidiary of CrowdPoint Technologies, Inc., crwdunit develops advanced data architecture and quantization solutions for decentralized systems and asset management, driving growth and operational excellence.About Crowdpoint Technologies inc.CrowdPoint is a pioneer in quantum cloud technology, developing Vogon™, a Distributed and Decentralized Quantum Ledger Database (D2/QLDB™). CrowdPoint’s solutions enhance real-time intelligence, data optimization, and edge-computing, benefiting sectors such as energy management and e-commerce.About Spectral Capital CorporationAbout Spectral Capital Corporation: Founded in 2000 and based in Seattle, Washington, Spectral Capital (OTCQB:FCCN) is a technology startup accelerator and quantum incubator. We specialize in Quantum as a Service (QaaS), leveraging our proprietary Distributed Quantum Ledger Database technology (DQ-LDB) to offer secure, advanced storage and computing solutions.Forward Looking StatementsThis press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and FCCN's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although FCCN believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of FCCN. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in FCCN's business; competitive factors in the market(s) in which FCCN operates; risks associated with operations outside the United States; and other factors listed from time to time in FCCN's filings with the Securities and Exchange Commission. FCCN expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in FCCN's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.SOURCE: Spectral Capital CorporationFor Media Inquiries:Andrew BardRubenstein Public Relationsabard@rubensteinpr.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Solar District Cooling Group Berhad Aims to Raise RM45.09 Million from ACE Market IPO ACN Newswire

Solar District Cooling Group Berhad Aims to Raise RM45.09 Million from ACE Market IPO

KUALA LUMPUR, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Solar District Cooling Group Berhad ("SDCG") is pleased to announce the launch of its prospectus for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities"). The IPO represents a significant milestone in the company’s growth trajectory, allowing SDCG to expand its operations and strengthen its market position in building management system (“BMS”) and solar thermal systems and energy saving services.Mr. Chris Lai Ther Wei, Head of Capital Markets, Mercury Securities Sdn. Bhd.Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.Mr. Edison Kong, Managing Director, Solar District Cooling Group BerhadMdm. Eileen Liuk, Executive Director, Solar District Cooling Group Berhad[L-R]SDCG and its subsidiaries (“Group”) are principally involved in the provision and maintenance of BMS, solar thermal systems and energy saving services. The Group has a proven track record of enhancing energy efficiency across healthcare, hospitality and industrial sectors. SDCG Group is involved in providing energy performance services to the concession companies that are providing hospital support services for public hospitals. The concessionaires engaged SDCG Group as a subcontractor to carry out energy efficiency work related to the installation of hybrid solar thermal hot water systems, and for some contracts, retrofitting of fluorescent lighting of LED lighting.Mr. Wong Kei Fai, Independent Non-Executive Director, Solar District Cooling Group BerhadMs. Wong Poh May, Independent Non-Executive Director, Solar District Cooling Group BerhadMr. Chris Lai Ther Wei, Head of Capital Markets, Mercury Securities Sdn. Bhd.Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.Mr. Edison Kong, Managing Director, Solar District Cooling Group BerhadMdm. Eileen Liuk, Executive Director, Solar District Cooling Group BerhadIr. Dr. Khairul Azmy Bin Kamaluddin, Independent Non-Executive Chairman, Solar District Cooling Group BerhadYM Raja Nor Azlina Binti Raja Azhar, Independent Non-Executive Director, Solar District Cooling Group BerhadFollowing the IPO exercise, SDCG is expected to raise RM45.09 million via the issuance of 118.67 million shares at the issue price of RM0.38 per share. The proceeds will be allocated in the following manner:RM1.90 million for the expansion of headquarters in Kajang, Selangor; RM5.00 million for tender bonds and/or performance bonds for future projects;RM18.70 million for the purchase of materials for BMS segment, and solar thermal systems and energy-saving services segment;RM12.67 million for general working capital; RM2.52 million for capital expenditure, including new equipment for BMS, installation and maintenance of solar thermal hot water systems, and purchasing ICT software and services; andRM4.30 million for estimated listing expenses.Applications for the IPO will open at 10:00 a.m. today, following the prospectus launch, and will close on 6 September 2024. SDCG is scheduled to list on the ACE Market on 19 September 2024. At the IPO price of RM0.38 per share, the market capitalisation of the company upon listing will be RM161.05 million.Managing Director of SDCG, Mr. Edison Kong commented, "This IPO represents a significant milestone in Solar District Cooling Group Berhad’s journey. Since 2008, we have been driven by a commitment to innovation, efficiency, and sustainability. Our focus on delivering Building Management Systems and solar thermal technologies has helped us enhance energy efficiency and promote environmental stewardship. With this listing, we look forward to embracing new opportunities and setting new standards in our business. I am deeply grateful to our team, clients, and partners for their continued trust and support.”Head of Capital Markets of Mercury Securities Sdn Bhd, Mr. Chris Lai Ther Wei stated, “We would like to congratulate the Board and the entire team of Solar District Cooling Group Berhad on the successful launch of your IPO prospectus. Well done for reaching another milestone in your corporate journey.”Mercury Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent for SDCG. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Sunshine Insurance Announces 2024 Interim Results

2024 Interim Results Highlights:- GWPs increased by 12.8% YoY to RMB76.46 billion;- Insurance revenue increased by 4.4% to RMB31.49 billion;- Net profit attributable to equity owners of the parent increased by 8.6% to RMB3.14 billion;- Embedded value was RMB112.64 billion, up 8.2% from the end of last year on a comparable basis;- The annualised comprehensive investment yield was 7.2% and the annualised total investment yield was 3.6%;- As of the end of June 2024, the number of active customers was approximately 30.784 million.HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Sunshine Insurance Group Company Limited (“Sunshine Insurance” or the “Company”, and its subsidiaries collectively the “Group”; Stock code: 6963.HK) announces the unaudited interim results of the Company and its subsidiaries (the “Group”) for the six months ended 30 June 2024.In the first half of 2024, China’s national economy operated in overall stability, achieving progress amid stability. New growth drivers accelerated, and high-quality development gained new strides. The insurance industry, as an important part of the economic system, exhibited a positive development trend, with supply and demand driving the continuous growth of market size. As the only listed traditional insurance company among the 205 mainland insurance companies established in this century, the Group seized the opportunities arising from economic improvement and the increasing demand for insurance. The Group promoted steady growth across various businesses, continuously enhanced its value creation capability and maintained a good development momentum. During the Reporting Period, the gross written premiums of the Group were RMB76.46 billion, representing a year-on-year increase of 12.8%, and the insurance revenue reached RMB31.49 billion, representing a year-on-year increase of 4.4%. The net profit attributable to equity owners of the parent was RMB3.14 billion, representing a year-on-year increase of 8.6%. The embedded value of the Group was RMB112.64 billion, up 8.2% from the end of the previous year. The annualised total investment yield of 3.6% and annualised comprehensive investment yield of 7.2%. As of the end of June 2024, the Group’s active customers were 30.784 million.The further consolidation of core business realized the leap in its value creation capabilityIn the first half of 2024, the Group firmly adhered to the path of high-quality development and high-value growth, and continued to promote the “New Sunshine Strategy” with “Technological Sunshine”, “Valuable Sunshine” and “Caring Sunshine” as the core. It created the unique core competitiveness of Sunshine through model innovation. As a result, the operating results achieved steady growth, the value creation capability saw a leap, the core competence of the main business of insurance has been further stabilized and enhanced, and the overall market competitiveness of the Group has been effectively improved.In terms of life insurance business, Sunshine Life kept pursuing value-oriented development, steadily implemented the strategy of “New Sunshine”, thereby continuously consolidating the advantage of diversified channel development and achieving initial efforts in the transformation and development of sales-force. Meanwhile, Sunshine Life strengthened the linkage between assets and liabilities, while it also upgraded and optimized product and service system. The operation showed a positive momentum of “steady improvement” and “improving quality while maintaining stability”. During the Reporting Period, GWPs reached RMB51.76 billion, a year-on-year increase of 12.9%; the value of new business was RMB3.75 billion, a year-on-year increase of 39.9%; the GWPs from the individual insurance channel amounted to RMB13.69 billion, a year-on-year growth of 25.5%, of which, FYRPs amounted to RMB3.58 billion, a year-on-year growth of 18.5%; In terms of worksite marketing, FYRPs increased by 42.7% year-on-year. The synergistic development of multiple channels has resulted in rapid growth in overall value, a steady recovery in effective manpower and a sustained increase in agent productivity.In terms of property and casualty insurance business, Sunshine P&C adhered to the development concept of “seeking progress amidst quality”, and solidly pushed forward the implementation of the “New Sunshine” strategy, and continuously consolidated a solid foundation for high-quality development. During the Reporting Period, Sunshine P&C achieved the stable growth of business, continued to optimized its business structure and maintained a good quality. The original premium income (OPI) was RMB24.65 billion, representing a year-on-year increase of 12.4%; the proportion of non-automobile insurance premiums was 46.1%, representing a year-on-year increase of 4.8 percentage points; the proportion of personal vehicle premiums to the automobile insurance was 62.4%, representing a year-on-year increase of 1.5 percentage points. The underwriting combined ratio was 99.1% and the underwriting profit was RMB0.2 billion.In terms of asset management, the Group upholds the philosophy of long-term value investment, and continuously optimizes the asset-liability management system. By harnessing the full-range investment qualifications and diversified investment capabilities, the Company maintains a clear strategic focus to develop the strategic asset allocation. Furthermore, it keeps enhancing its investment research capacity and carry out tactical asset allocation scientifically and flexibly under the premise of strictly managing investment risks, to create long-term, stable, and sustainable investment performance for insurance funds. During the Reporting Period, the Group’s investment performance remained stable. And achieved total investment income of RMB8.33 billion, reflecting a year-on-year increase of 8.2%, with annualised total investment yield of 3.6% and annualised comprehensive investment yield of 7.2%.The digital transformation continued to be deepened with customer experience and operational efficiency improved consistentlyTechnology is a key force in promoting the development of the financial industry and an important source of power for economic development. During the Reporting Period, in order to improve customer experience, improve operational efficiency and management, the Company made great efforts on “artificial intelligence+”, achieved breakthroughs in AI applications in key areas, and continued to deepen its digital transformation.In terms of sales support, it optimized and upgraded the property and casualty insurance as well as life insurance sales management platform. The property insurance set up a fully online closed-loop process for main non-automobile products from quotes to issuance, improved the digital closed-loop of marketing activities and empowered the per capita productivity improvement and efficiency. The life insurance “Know Your Insurance ” assisted agents in providing customers with coverage planning and product recommendations. In terms of customer service, the Group continuously improved its online customer service platform. The online rate of property insurance value-added service reached 96.3%. The online rate of life insurance preservation services was 96.4%. In terms of management empowerment, the Group built an intelligent risk control system across the Group, improved “non-automobile data mortality table ” system with regard to property and casualty insurance, and improved non-automobile insurance risk pricing capabilities; with regard to the life insurance, the Group created a total of 354 online risk monitoring indicators, which effectively prevented risks.Furthermore, the Group strengthened the availability of AI data and the construction of the Sunshine Zhengyan big model, which has been further applied in customer service, intelligent claims settlement, smart office and other scenarios. Customer service robots provided customers with services such as policy search, automobile insurance claims reporting, and life insurance follow-ups, achieving a customer satisfaction rate of 90.2% on non-human service. The usage rate of the document classification and visual injury identification functions for smart claims in personal injury assessments within property insurance exceeded 80%, with a document classification accuracy rate of 95.6%. The Sunshine Office GPT has been used a total of 1.02 million times, covering 84% of employees.The “Caring Sunshine” strategy further advanced and customer-centric mindset has been effectively implemented“All for customers” is the business value upheld by Sunshine Insurance, and it is also the starting point of creating the “Caring Sunshine” strategy. In order to further promote the “Caring Sunshine” strategy, in the first half of 2024, Sunshine Life continued to promote the “Matrix Plan” with focus on the “three/five/seven ” product system, and to enrich the connotation of the “three/five/seven ” product system, continuously meeting the needs for insurance products in customers’ different life stages. In terms of health protection, the Group launched the exclusive term critical illness insurance for children, the high-end accident medical insurance for children and the maternal and child medical insurance to meet the health protection needs of specific groups of customers’ families and further expand the coverage of customers. In terms of aged care and wealth inheritance, the Group accelerated the layout of participating insurance products to meet customers’ differentiated savings needs. In terms of products supported by national policy, the Group enriched the supply of products such as tax-advantaged health insurance and personal pension, and promoted the policy-oriented commercial insurance to benefit more customers.Furthermore, Sunshine Life continued to strengthen the construction of “Caring Sunshine” service system. The Group improved the service design capability from the customers’ perspective, and met the core service needs of customers. Meanwhile, in terms of service management, the Group continuously improved the efficiency of customer service, for example, promoting the service mechanism of “listening to customers”, expanded and upgraded the “customer experience officer” team, and continuously improved the capability to provide straight-through services to customers.Sunshine P&C continues to deepen the research on customer needs, and is committed to establishing a convenient customer service system and practicing the service motto of “making services the reason for customers to choose Sunshine”. In terms of individual customers, the Group continued to deepen the customer-segmented differentiated business management system and continuously provided customers with a richer differentiated product portfolio and personalized service experience to further enhance customer stickiness. In the first half of 2024, the renewal rate of personal vehicle insurance customers was 64.2%, representing continuous year-on-year increase. The proportion of non-automobile insurance products purchased by individual auto insurance customers reached 55.5%, representing a year-on-year increase of 7.6 percentage points. In terms of group customers, the Group continued to promote the implementation of the “Partnership Action” risk management service. In the first half of 2024, the Group provided technology-based loss mitigation and professional risk consulting services to 8,595 corporate customers and upgraded and created a full-scale risk management service model of “insurance + technology + service” to assist customers in improving their capabilities of risk management.Actively practiced sustainable development and fully supported real economy and green transformationActively pursuing sustainable development and earnestly fulfilling social responsibilities are the core values of an enterprise and the key to its long-term development. In the first half of 2024, the Group took an active part in serving national strategies, continuously enhanced its support for the real economy in quality and efficiency, provided a total of RMB50.4 trillion of risk protection for the real economy, and offered more than RMB420 billion of financial support. Particularly, the Group provided risk protection of nearly RMB220 billion to approximately 18,000 micro and small enterprises; the Group offered agriculture risk protection of RMB35.3 billion, paid out claims of RMB150 million and benefited approximately 44,000 rural households; the Group provided risk protection of RMB60.2 billion for 331 “Belt and Road” projects, involving 67 countries in “Belt and Road” construction; the Group provided risk protection of approximately RMB32.6 billion for 406 sci-tech enterprises.In the meanwhile, the Group was contributing to the green transformation and the realisation of harmonious coexistence, and continued to enrich its green insurance product and service system. In the first half of 2024, the Group provided nearly RMB8 trillion of green insurance protection for 1.22 million enterprises and individuals and offered claims support of approximately RMB2.3 billion. The Group actively responded to climate change to enhance its climate resistance. At the same time, the Group continuously improved its sustainable investment framework and policies. As of the end of June 2024, the balance of sustainable investments nearly reached RMB55 billion, of which green investment exceeded RMB19 billion.In addition, the Group actively fulfilled its social responsibilities and participated in public the welfare. The Group gave full play to the advantages of the main business of insurance and medical resources, and actively organized and participated in various public the welfare activities in the fields of helping the student and helping the elderly. As of the end of June 2024, Sunshine Insurance built 74 “BoAi” schools in 24 provinces across the country and trained a total of 20,397 rural doctors through the “Plan to Promote Competence of 10,000 Rural Doctors”. The Group sincerely cared for employees and their families, with an accumulated amount of RMB540 million parent-supporting subsidies granted to a total of 44,182 employees.With its strong comprehensive strength and positive development momentum, on 16 August, Hang Seng Indexes Company announced its latest quarterly review results, and the Group was successfully included in the HSMSI. This change will be implemented after the market close on 6 September, 2024, and will take effect on 9 September, 2024. According to a research report by CICC, Sunshine Insurance Group is expected to be included in the Hong Kong Stock Connect due to its adherence to high standards and outstanding operating performance.Being included in the HSCI marks a significant milestone. On one hand, it represents market recognition of Sunshine Insurance’s performance and development potential, helping to enhance the Group’s visibility in the capital markets and insurance sector. On the other hand, based on its solid fundamentals, it will attract more investors to increase their allocation to the Group’s stock, thereby improving trading liquidity.In the second half of 2024, China will further deepen the reform through focusing on promoting a Chinese path to modernization and thoroughly explore domestic demand potential. Therefore, the economy is expected to show a sustained recovery and positive trend. In the long run, the general trend of long-term positive development of China’s economy has not changed, and the insurance industry is ushering in historic opportunities for high-quality development and will play an irreplaceable and important role.Looking ahead, the Group will adhere to its founding aspiration of “establishing a respected century-old enterprise” and maintain its focus on core business areas. The Group steadfastly promote the “New Sunshine Strategy”, align with national policy directions and industry development trends, and actively make efforts on the five aspects including scientific and technological finance, green finance, inclusive finance, elderly care finance and digital finance. By precisely serving national strategies, supporting the real economy, and ensuring social the well-being, the Group will efficiently leverage its professional insurance advantages. It will continuously enhance Sunshine’s core competitiveness, advance high-quality development, and achieve high-value growth, injecting wisdom and vitality into the creation of a grand blueprint for a strong financial nation and the high-quality development of the financial industry.— End —About Sunshine Insurance Group Company LimitedSunshine Insurance Group Company Limited is a fast-growing private insurance service group in China. Since its establishment, the Group has prioritized value creation as its core business, dedicated to providing clients with professional risk protection and comprehensive service solutions. The Group carries out life and health insurance business through Sunshine Life, property and casualty insurance business through Sunshine P&C, and manages insurance funds through Sunshine AMC. As of 30 June 2024, the Group has been ranked among the top 500 Chinese enterprises by the China Enterprise Confederation for 13 consecutive years, entitled as one of the “Top 500 Valuable Brands in China” by the World Brand Lab for 13 consecutive years, and is also one of the five insurance companies in China that have been recognized as the well-known trademark in China and selected by Brand Finance as one of “Top 100 Most Valuable Insurance Brands”. Copyright 2024 ACN Newswire via SeaPRwire.com.
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HKIoD Recommends Board Readiness Training for First-time Directors Before Appointment ACN Newswire

HKIoD Recommends Board Readiness Training for First-time Directors Before Appointment

HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - The Hong Kong Institute of Directors (“HKIoD”) welcomes(1) The Hong Kong Exchanges and Clearing Limited ("the Exchange")'s proposal to mandate directorship training for first-time directors and require all directors to undergo continuing professional development (“CPD”) training. To further uphold corporate governance standards and director professionalism, HKIoD thinks the Exchange can go further.Dr Christopher To, Chairman of HKIoD, said, “HKIoD welcomes the Exchange’s latest regular exercise to review and update the Corporate Governance Code and related Listing Rules. Although we do not agree with every element of the Exchange’s proposals, we certainly support the notion of making continuing professional development mandatory for all directors.”According to HKIoD, to make true the purpose and effect of continuing training, a board should have a suitable professional development policy for its directors. Continuing training is important for directors to keep up, but it must be distinguished from initial training. For those who do not have directorship training nor experience whatsoever, undergoing initial training on effective directorship and corporate governance is prudent. First-time directorship training should be a prerequisite prior to the director coming on board, however. “The Exchange should go further by encouraging individuals to have become ready for a board seat prior to appointment, rather than to start acquainting themselves with the demands of directorship post-appointment.” Dr To commented.Dr Carlye Tsui, CEO of HKIoD, supplemented, “We believe all company directors, when they first assume their posts, should have a firm grounding of the skills, knowledge and qualities required to meet the corporate governance demands of today. HKIoD long advocates the importance of corporate governance training, and we want to emphasise that proper initial training for first-time directors is one key aspect of the total quality of corporate governance training.”The Institute believes that attaining HKIoD Diploma level credential (or higher) should qualify as initial training now proposed for First-time Directors by the Exchange. The Institute also recommends transition course(s) for credentialed/experienced directors from other markets to help them become familiar with the Hong Kong market. HKIoD will gladly work with the Exchange to design and offer such programmes, and an accreditation regime for directorship training in Hong Kong.On proposals around time commitment and tenure of Independent Non-Executive Director (“INED”), Mr Henry Lai, Past Chairman of HKIoD and current Chairman of the Institute’s Corporate Governance Policies Committee, said, “The emphasis should be on whether the INED and the issuers involved have made an honest assessment as to the ability to devote sufficient time, not a broad-brush requirement on the director to limit the number of INED positions one may hold. Particularly, we do not agree with the Exchange’s proposal which only seeks to limit INED positions one may hold among Hong Kong issuers.” As to the question of how long is too long for an INED, Mr Lai added, “the answer ought to be ‘it depends’. It is the independence of mind that matters, not tenure.”The Exchange would also want issuers without an independent board chair to designate a Lead INED. Due to the many constraints and practical realities now exist in the Hong Kong market, HKIoD believes there are alternatives that can be more effective. “We do not tend to have majority INED in our market. The Lead INED will be chosen from a small group anyway. We should rather empower and encourage all INEDs to collectively perform, to bring the results that are sought under the Lead INED concept. Meetings with shareholders and stakeholders can be set up for all INEDs to take part. There can be an INED report section in the annual report,” Mr Lai commented. “Maybe we should encourage more issuers to have an independent board chair. An independent board chair working together with all the other INEDs can be more helpful,” Mr Lai continued.HKIoD has early on advocated the benefit of moving towards a majority INED, which can make INEDs collectively better able to perform their director roles. With INEDs comprising the majority, their active involvement in board matters becomes more necessary and their time commitment more valued. It should also allow much more room for meaningful rotation and refreshment through careful succession planning.Apart from the above, the Institute expressed support for many changes proposed by the Exchange including mandating board performance review, maintaining a board skills matrix, mandating the annual reviews of the effectiveness of the issuer’s risk management and internal control systems, disclosure of the issuer’s policy on payment of dividends and the board’s dividend decisions, and disclosures in respect of issuers’ modified auditors’ opinion. (1)The full response: HKIoD Response to HKEX ConsultationAbout The Hong Kong Institute of Directors (“HKIoD”)The Hong Kong Institute of Directors (“HKIoD”) is Hong Kong’s premier body representing directors working together to advance corporate sustainability in creating long-term value for companies, their owners, stakeholders, humankind and Planet Earth through advocacy and standards-setting in corporate governance and director professionalism. Led by Founder Chairman Dr The Hon Moses Cheng, HKIoD was founded in 1997. Throughout the years, HKIoD is honoured to have the Chief Executive of HKSAR as the Institute’s Patron. Membership of HKIoD comprises of directors from diverse industries and corporate types and includes Executive Directors, Non-Executive Directors and Independent Non-Executive Directors. With multi-culturalism and international perspectives, HKIoD organises activities that cover director training, seminars and forums, collective director voice, guideline establishment, public education, Award Series for Director Excellence, assessment of Corporate Governance Scorecard for listed companies etc. As a member body of the Global Network of Director Institutes (“GNDI”), HKIoD is committed to global collaboration in promoting good corporate governance and director professionalism. HKIoD is the appointed Host of the Hong Kong Chapter of Climate Governance Initiative, a global network that collaborates with the World Economic Forum in actively promoting directors’ address of the risks and opportunities of climate change.For details please visit: http://www.hkiod.com | http://www.gndi.org | https://climate-governance.org/Media Enquiries: Strategic Public Relations GroupBrenda Chan+852 2114 4396 / brenda.chan@sprg.com.hkThe Hong Kong Institute of DirectorsWing Wong+852 2889 1414 / wing.wong@hkiod.com– End – Copyright 2024 ACN Newswire via SeaPRwire.com.
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TRST01 Signs Landmark Memorandum of Understanding Agreement with Rubber Board of India for Centralised Compliance Solution for EUDR ACN Newswire

TRST01 Signs Landmark Memorandum of Understanding Agreement with Rubber Board of India for Centralised Compliance Solution for EUDR

SINGAPORE, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - TRST01, a sustainable tech company that helps businesses meet global sustainability rules while making their supply chains more transparent, trustworthy, and ethical, announces a groundbreaking Memorandum of Understanding (MoU) agreement with the Rubber Board of India to develop and implement a centralised compliance solution for the European Union Deforestation Regulation (EUDR). Through this strategic partnership, TRST01 becomes the first private entity in the world to enter into an MoU with a public entity for a one-stop compliance solution, setting a new standard in public-private partnerships.The MoU underscores the trust and confidence that the Rubber Board of India has in TRST01 as a key player in the sustainable technology space. While other entites have entered into contract-based agreements, this MoU represents a deeper, more integrated collaboration that is poised to revolutionise compliance processes for the Indian rubber industry.TRST01 and the Rubber Board of India will collaborate on geo-mapping rubber-growing land plots to ensure deforestation-free sourcing and responsible practices. This partnership will also develop a Centralized Database to enhance traceability, risk assessment, and compliance with European Union Deforestation Regulations (EUDR) in the rubber industry, with TRST01 as the technology partner. Ultimately, the MoU will help strengthen India's regulatory framework and position India as a global leader in sustainable rubber production.Speaking on the strategic agreement with TRST01, Mr. M. Vasanthagesan IRS, CEO and Executive Director of The Rubber Board, said, "This collaboration with TRST01 is a testament to our dedication to supporting the rubber sector. The initiatives outlined in this MoU will facilitate the exporters to comply with EUDR and make Indian rubber growers globally competitive and get wider opportunities for their produce.""This joint venture is a testament to our commitment to driving sustainability and compliance in the rubber industry," remarked Prabir Mishra, CEO and founder of TRST01. "It is a great honour to partner with the Rubber Board of India as this initiative can serve as a model for other industries and regions.For TRST01, the MoU will demonstrate how public-private partnerships can drive innovation in sustainability. The collaboration represents a shared vision for a sustainable future. It will significantly benefit Indian rubber producers, highlighting how TRST01 can help producers achieve global compliance standards in sustainability.About TRST01TRST01 provides cutting-edge technology solutions that ensure supply chain traceability, accurate ESG reporting, digital measurement of sustainability impacts, and the secure management of carbon credits. TRST01 stands out for its simplicity, adaptability, and focus on creating tangible impacts on sustainability, making it accessible and effective for many users, from smallholder farmers to multinational corporations. It is also at the forefront of the regenerative finance movement, creating financial tools that promote practices that restore rather than deplete the earth's resources.TRST01's approach fundamentally transforms how businesses view sustainability by creating a direct and tangible impact on People, Planet, and Profitability. Our innovations are not just about compliance; they make a sustainable ecosystem where every participant benefits. Visit trst01.com to learn more.About Rubber Board IndiaThe Rubber Board of India, headquartered in Kottayam, Kerala, is a statutory body under the Ministry of Commerce and Industry, Government of India. Established in 1947, it plays a pivotal role in the development of the rubber industry in India. The Board's responsibilities encompass research, development, and extension activities related to natural rubber cultivation, production, and processing. It also regulates the marketing of rubber and ensures fair prices for both growers and consumers. Through its various initiatives, the Rubber Board strives to enhance the productivity and sustainability of the rubber industry in India, thereby contributing to the economic growth of the country.Media Contact:Sheree TanSenior AssociatePINPOINT PR Pte. Ltd.sheree@pinpointpr.sg | pinpointpr.sgSG: +65 8313 9472Hakim IshakAssociatePINPOINT PR Pte. Ltd.hakim@pinpointpr.global | pinpointpr.sgSG: +65 8949 3040 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Cisgenics Brings Next-Generation Irrigation Technology to Australia ACN Newswire

Cisgenics Brings Next-Generation Irrigation Technology to Australia

SYDNEY, AU, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Cisgenics, a pioneer of world-class sustainable irrigation solutions, has entered the Australian market, introducing their next-generation irrigation solutions which hold the potential to shape the future of water management in Australia. The company is opening its first office in Adelaide and undertaken a number of significant projects including a world-class sporting venue and various projects for the City of West Torrens in South Australia. These projects address urban green space management and water optimisation to maintain lush, inviting landscapes while adhering to strict water conservation mandates.Australia faces pressing challenges such as water overconsumption, frequent droughts, and the resulting heightened risk of fires, all of which threaten the sustainability of agricultural practices, urban green spaces, and notable landmarks. Cisgenic’s flagship solution, CisgenX, derived from over 45 years of experience in irrigation experience across more than 1,000 projects, can help overcome some of these issues. A proven solution, CisgenX will be deployed at some of the world’s most recognisable and photographed locations including, Bay East Gardens, and the Founders Memorial at Singapore's Gardens by the Bay, along with the Nad Al Sheba Road in the UAE."We see a significant market for CisgenX in Australia, where water conservation and droughts are critical concerns,” says Sam Rebera, Managing Director of Cisgenics. "To help local businesses and communities meet their sustainability goals, we are striving to earn the Smart Approved Watermark, which we believe will establish CisgenX as Australia’s leading sustainable irrigation solution. To support this goal and manage the projects we've secured, we are in the process of opening an office in Adelaide."Cisgenics designs solutions to meet the unique needs of various industries, from golf courses and landscapes to agribusiness. Their precision irrigation systems enhance turf health, create water-efficient green spaces in both urban and rural areas, and boost crop yields. CisgenX, utilises advanced IoT (Internet of Things) technology and machine learning algorithms to optimise water, fertiliser, and energy use. This state-of-the-art solution helps optimise water usage and manage plant health.The integration of technologies in the CisgenX solution enables precision irrigation, where machine learning algorithms will work alongside weather data to predict water needs with pinpoint accuracy, significantly reducing water waste. The platform’s advanced sensors and real-time monitoring optimise resource use, saving money, conserving water, and ensuring plant health. Internal studies have shown that CisgenX can cut water consumption by up to 40%, and in some cases, by as much as 70% on traditional methods of irrigation. These significant reductions help clients meet their ESG goals while providing real-time data through IoT sensors that monitor soil moisture and other critical factors."Through our advanced irrigation solutions, we are not only addressing immediate concerns like water scarcity and fire risk but also contributing to a sustainable future for Australia," added Rebera. "Our goal is to support the country’s efforts to manage its natural resources responsibly while ensuring that essential green spaces thrive.”Cisgenics will be showcasing these products and more at the upcoming Irrigation Conference 2024 in Sydney from 2-4 September. Attendees are invited to visit Booth 88 to learn how their solutions can transform irrigation practices in Australia and beyond.About CisgenicsCisgenics is dedicated to revolutionising the irrigation industry through innovative, AI-powered solutions that optimise water and energy use, promote sustainability, and ensure the health and longevity of green assets worldwide. With more than 45 years of experience, Cisgenics combines deep industry knowledge with the latest technological advancements to offer precision, efficiency, and sustainability in water management. Visit cisgenics.com for more information.For more information, please contact:Illka GobiusManaging DirectorPINPOINT PR Pte. Ltd.Email: illka@pinpointpr.globalPhone: (AU) 0429 396 275 or (SG) +65 9769 8370 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Fujitsu and Osaka University accelerate progress toward practical quantum computing by significantly increasing computing scale through error impact reduction in quantum computing architecture JCN Newswire

Fujitsu and Osaka University accelerate progress toward practical quantum computing by significantly increasing computing scale through error impact reduction in quantum computing architecture

Kawasaki and Osaka, Aug 28, 2024 - (JCN Newswire via SeaPRwire.com) - Fujitsu Limited and the Center for Quantum Information and Quantum Biology at Osaka University (QIQB) today announced the joint development of two new technologies for the space-time efficient analog rotation quantum computing architecture (1) that will accelerate the realization of practical quantum computing.Fujitsu and QIQB have leveraged these new technologies, one that improves phase angle accuracy during phase rotation (2) and one that automatically generates efficient qubit operation procedures, to show that it is theoretically possible for a quantum computer to perform a calculation that would take a classical computer five years, in only ten hours. The two organizations found that the calculation, a material energy estimate, would be possible using only 60,000 qubits, significantly less than the amount typically thought to be required (3) for fault-tolerant quantum computation (FTQC) (4) to surpass the calculation speed of classical computers.These results demonstrate for the first time how quantum advantage, i.e., quantum computers being able to solve problems faster than current classical computers, can be achieved in the early-FTQC era (5), which is expected to arrive around 2030. Quantum computing is expected to accelerate technological innovations in various fields, including enabling a larger-scale analysis of the Hubbard model (6) for developing high temperature superconductors (7), which may improve the efficiency of electrical infrastructure, as well as lead to innovations in material development and drug discovery.The generation of efficient qubit operation procedures was achieved through the development of a quantum circuit generator. This system introduces a streamlined the process for converting logic gates, which are the fundamental operations of quantum computing, into physical gates, which operate the qubits. The system is also equipped with acceleration technology that minimizes computing time by dynamically changing the operational procedures of the qubits.The two organizations initially announced the quantum computing architecture on March 23, 2023 (8), but there were obstacles to practical applications including insufficient accuracy in phase rotation and the lack of an established physical gating procedure, a method of operating qubits suitable for specific calculation problems. These new technologies address these obstacles.Through their continued joint quantum computing initiatives, Fujitsu and QIQB aim to contribute to solving societal issues, addressing decarbonization and reducing the cost of new material development.AcknowledgementsThis research was supported by the following grants: Japan Science and Technology Agency (JST); the Program on Open Innovation Platforms for Industry-academia Co-creation (COI-NEXT), "Quantum Software Research Hub" (JPMJPF2014); JST Moonshot Goal 6 "Realization of a fault-tolerant universal quantum computer that will revolutionize economy, industry, and security by 2050", R&D project "Research and Development of Theory and Software for Fault-tolerant Quantum Computers" (JPMJMS2061); and Japanese Ministry of Education, Culture, Sports, Science and Technology’s Quantum Leap Flagship Program (MEXT Q-LEAP) "Development of quantum software by intelligent quantum system design and its applications" (JPMXS0120319794).[1] Space-time efficient analog rotation quantum computing architecture :A quantum computing architecture that can significantly reduce the number of physical qubits needed for arbitrary phase rotation, An essential step in achieving practical quantum computing.[2] Phase rotation :An operation in which the arbitrary phase angle of a qubit rotates. An essential element in unlocking the true power of quantum computing.[3] One million qubits :The estimated number of qubits required to solve the FeMoco (enzyme active center) energy estimation problem with an error rate of 0.1% (source cited: Reiher, et. al., PNAS, 114 (29) 7555-7560 (2017)).[4] Fault-tolerant quantum computation (FTQC) :Fault-tolerant quantum computation achieved through the correction of quantum errors.[5] Early-FTQC era :An era in which quantum computers work with only a maximum of 100,000 physical qubits and FTQC is considered to be impossible to achieve.[6] Hubbard model :A theoretical model for calculating material properties. It is used to describe strongly correlated electron systems, including in high-temperature superconductivity.[7] High temperature superconductor :A material that exhibits a phenomenon which causes it to have zero electrical resistance when it reaches a temperature above the boiling point of liquid nitrogen.[8] Fujitsu and Osaka University develop new quantum computing architecture, accelerating progress toward practical application of quantum computerAbout the Center for Quantum Information and Quantum Biology at Osaka UniversityThe Center for Quantum Information and Quantum Biology consists of six research groups: Quantum Computing, Transdisciplinary Quantum Science, Quantum Information Devices, Quantum Communication and Security, Quantum Sensing, and Quantum Biology. QIQB promotes transdisciplinary research between each of these research groups and with other academic fields. The Center is an international research hub for quantum innovation by actively promoting international academic exchange and collaboration across borders. QIQB seeks to play a key role in nurturing future quantum leaders and specialists through education and training. For more information: https://qiqb.osaka-u.ac.jp/en/.About FujitsuFujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$26 billion) for the fiscal year ended March 31, 2024 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.About Osaka UniversityOsaka University was founded in 1931 as one of Japan’s imperial universities through strong demand from political and business circles in Osaka, as well as the people of Osaka City and Prefecture. The spiritual roots of Osaka University can be found in Kaitokudo and Tekijuku, educational institutions of the Edo period. After its merger with Osaka University of Foreign Studies in 2007, Osaka University became a comprehensive university with its own School of Foreign Studies. Boasting 11 undergraduate schools, 15 graduate schools, and 6 affiliated research institutes excelling in the fields of the humanities and social sciences, medicine, dentistry, pharmacy, science, and engineering, Osaka University is one of Japan’s premier comprehensive research universities.Osaka University will celebrate the 100th anniversary of its founding in 2031. We will contribute to the creation of a society where each member feels worth living through co-creation with diverse stakeholders to solve local and global challenges in accordance with the university's motto of “Live Locally, Grow Globally.”Press ContactsFujitsu LimitedPublic and Investor Relations DivisionInquiriesCenter for Quantum Information and Quantum Biology at Osaka UniversityQuantum Software Research HubE-mail: coi-next@qiqb.osaka-u.ac.jp Copyright 2024 JCN Newswire via SeaPRwire.com.
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Runtuhan Bendungan di Sudan Timur Tewaskan Setidaknya 30 Orang Akibat Hujan Lebat, Kata Badan PBB Berita

Runtuhan Bendungan di Sudan Timur Tewaskan Setidaknya 30 Orang Akibat Hujan Lebat, Kata Badan PBB

(SeaPRwire) - Runtuhnya Bendungan Arbaat di negara bagian Laut Merah timur pada akhir pekan membanjiri rumah-rumah di sekitarnya dan menewaskan sedikitnya 30 orang setelah hujan lebat, kata sebuah badan PBB.Kantor PBB untuk Koordinasi Urusan Kemanusiaan (OCHA) mengatakan pada Senin malam, mengutip pejabat setempat, bahwa jumlah korban jiwa sebenarnya dari runtuhnya bendungan pada hari Minggu mungkin lebih tinggi. Selain itu, sekitar 70 desa di sekitar bendungan terkena banjir bandang, termasuk 20 desa yang telah hancur.Bendungan Arbaat, yang berjarak sekitar 38 kilometer (hampir 25 mil) barat laut Port Sudan, rusak parah akibat hujan lebat. Di daerah barat bendungan, banjir menghancurkan atau merusak rumah-rumah 50.000 orang - 77% dari total populasi yang tinggal di sana. Mereka yang terkena dampak sangat membutuhkan makanan, air, dan tempat berlindung, OCHA memperingatkan, menambahkan bahwa kerusakan di bagian timur bendungan masih dalam penilaian.Lebih dari 80 sumur bor runtuh akibat banjir, kata OCHA mengutip pejabat, sementara 10.000 ekor ternak hilang, dan 70 sekolah rusak atau hancur.Hujan lebat dan banjir di seluruh Sudan bulan ini berdampak pada lebih dari 317.000 orang. Dari jumlah tersebut, 118.000 orang telah mengungsi, memperburuk salah satu krisis pengungsian terbesar di dunia akibat perang yang sedang berlangsung di negara itu.Selasa menandai 500 hari sejak Sudan jatuh ke dalam perang setelah pertempuran pecah antara dan Pasukan Dukungan Cepat, atau RSF.Konflik dimulai di ibu kota, Khartoum, dan berkecamuk di seluruh Sudan, menewaskan ribuan orang, menghancurkan infrastruktur sipil, dan mendorong banyak orang ke ambang kelaparan. Lebih dari 10 juta orang terpaksa mengungsi untuk mencari keselamatan, menurut PBB.Medecins Sans Frontieres (MSF), atau Dokter Tanpa Batas, mengatakan dalam sebuah pernyataan pada Selasa bahwa "ini adalah momen yang memalukan" bagi organisasi kemanusiaan internasional, yang selama lebih dari 16 bulan, "gagal memberikan tanggapan yang memadai terhadap kebutuhan medis negara yang meningkat - dari malnutrisi anak yang katastrofik hingga wabah penyakit yang meluas.""Pada saat yang sama, pembatasan berat dari kedua belah pihak yang bertikai telah sangat membatasi kemampuan untuk mengirimkan bantuan kemanusiaan," kata MSF.Abdirahman Ali, direktur negara CARE Sudan memperingatkan dalam sebuah pernyataan pada Selasa bahwa perang "menghancurkan" sistem perawatan kesehatan, "meninggalkan banyak orang tanpa perawatan."Lebih dari 75% sistem perawatan kesehatan telah hancur sejak perang dimulai, menurut perkiraan pada bulan Juli.Artikel ini disediakan oleh penyedia konten pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberikan jaminan atau pernyataan sehubungan dengan hal tersebut. Sektor: Top Story, Daily News SeaPRwire menyediakan distribusi siaran pers real-time untuk perusahaan dan lembaga, menjangkau lebih dari 6.500 toko media, 86.000 editor dan jurnalis, dan 3,5 juta desktop profesional di 90 negara. SeaPRwire mendukung distribusi siaran pers dalam bahasa Inggris, Korea, Jepang, Arab, Cina Sederhana, Cina Tradisional, Vietnam, Thailand, Indonesia, Melayu, Jerman, Rusia, Prancis, Spanyol, Portugis dan bahasa lainnya.
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Black Spade Acquisition II Co Announces Pricing Of $150 Million Initial Public Offering ACN Newswire

Black Spade Acquisition II Co Announces Pricing Of $150 Million Initial Public Offering

HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Black Spade Acquisition II Co (the “Company”), a special purpose acquisition company (“SPAC”) sponsored by an affiliate of Black Spade Capital Limited, announced today the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “BSIIU” on August 28, 2024.Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected be listed on Nasdaq under the ticker symbols “BSII” and “BSIIW”, respectively. The offering is expected to close on August 29, 2024, subject to customary closing conditions.The Company’s management team is led by Dennis Tam, Executive Chairman & Co-CEO, Kester Ng, Co-CEO & CFO and Richard Taylor, Co-CEO & COO, each of who served as executive director of or advisor to Black Spade Acquisition Co (“BSAQ”), a SPAC also sponsored by an affiliate of Black Spade Capital Limited. BSAQ completed its $169 million initial public offering in August 2021. In August 2023, BSAQ completed a $23 billion business combination with VinFast, a leading Vietnamese automaker and the first Vietnamese business to list in the U.S. by way of a business combination. Clear Street and Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, are acting as joint book-running managers. Latham & Watkins LLP is serving as legal counsel to the Company. Loeb & Loeb LLP is serving as legal counsel to the underwriters.The public offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, by email at ecm@clearstreet.io, or from the SEC website at www.sec.gov.A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on August 23, 2024. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.(from the left) Kester Ng, Co-CEO and CFO, Dennis Tam, Chairman and Co-CEO,Richard Taylor, Co-CEO and COO– End –About Black Spade Acquisition II CoBlack Spade Acquisition II Co is the second SPAC of its founder, Black Spade Capital and its management team incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets. While the Company may pursue an acquisition or a business combination with a target in any business or industry, it believes that the entertainment, lifestyle and technology industries, particularly those that are major beneficiaries of artificial intelligence (“AI”), provide ample business combination opportunities.Forward-Looking StatementsThis press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering, the anticipated use of the net proceeds, and the search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated.Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's initial public offering filed with the SEC. Copies of these documents are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.Investor Contact:IR@blackspadeacquisitionii.comMedia Enquiries:Strategic Financial Relations Limited Vicky LeeTel: +852 2864 4834Email: vicky.lee@sprg.com.hkLilia YangTel: +852 2864 4833Email: lilia.yang@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
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MClean Technologies Reports Strong 177% Growth in Profit Before Tax for Q2 FY2024 ACN Newswire

MClean Technologies Reports Strong 177% Growth in Profit Before Tax for Q2 FY2024

MALAYSIA, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - MClean Technologies Berhad ("MClean Technologies" or the "Company"), an established provider of precision cleaning and surface treatment solutions, is pleased to announce its financial results for the second quarter ended 30 June 2024 (“Q2 FY2024”). The Company has recorded its second consecutive profitable quarter in the financial year ending 31 December 2024 (“FY2024”), marking a significant turnaround in its financial performance.Datuk Dr. Terence Tea Yeok Kian, the Executive Chairman and Managing Director of MClean Technologies BerhadFor Q2 FY2024, MClean Technologies reported revenue of RM15.5 million, a 30% increase compared to RM12.0 million in the same quarter last year (“Q2 FY2023”). This increase in revenue is largely attributed to stronger demand for the Company’s precision cleaning and surface treatment services. Notably, the Company achieved a profit before tax (“PBT”) of RM1.0 million, a substantial improvement from the loss before tax of RM1.1 million in Q2 FY2023, due to higher revenue in the current quarter and the successful implementation of cost management initiatives.Comparing to the immediate preceding quarter (“Q1 FY2024”), MClean Technologies recorded an 18% growth in revenue from RM13.1 million to RM15.5 million, driven primarily by increased demand for its precision cleaning services. In tandem with this revenue growth, the PBT of the Company surged by 177% in Q2 FY2024, compared to RM0.4 million PBT in Q1 FY2024.For the first six months of FY2024 (“6M FY2024”), MClean Technologies reported revenue of RM28.7 million, a 19% increase compared to RM24.0 million in the same period last year (“6M FY2023”), primarily due to stronger demand for precision cleaning and surface treatment services. The Company’s PBT for 6M FY2024 stood at RM1.3 million, marking a remarkable turnaround from the loss before tax of RM2.2 million in the corresponding period of FY2023. This growth underscores the consistent demand for MClean’s services, particularly in the Hard Disk Drive (HDD) and consumer electronics sectors.With the entry of the new substantial shareholder, Accrelist Crowdfunding Pte. Ltd., a wholly-owned subsidiary of Accrelist Ltd. (“Accrelist”), on 2 July 2024, which currently holds 28.5% stake in MClean Technologies, MClean Technologies aims to leverage on the strategic partnership opportunity that is presented by Accrelist’s extensive expertise in business transformation and growth.Accrelist, listed on the Catalist Board of the Singapore Exchange, is a diversified group with interests in medical aesthetics and injection moulding services, held through its subsidiary, Jubilee Industries Holdings Ltd, which is also listed on the Catalist. With the entry of this new shareholder, MClean Technologies is exploring various synergistic strategies to increase market share, expand customer and sector opportunities, and deepen cost-efficiency efforts through enhanced expertise and talent resource utilisation.Datuk Dr. Terence Tea Yeok Kian, Executive Chairman and Executive Director of MClean Technologies said, “We are very pleased with our performance in the second quarter of 2024, which marks our second consecutive profitable quarter in the current financial year. The strong financial results reflect the hard work and dedication of our team, as well as the strategic decisions we have made to enhance operational efficiency. The successful turnaround of the company demonstrates our commitment to building sustainable growth and profitability. Our focus remains on sustaining this positive momentum and achieving long-term profitability. We are particularly encouraged by the growth in demand for our HDD solutions in Malaysia and Thailand, and we will continue to leverage our strengths to deliver value to our shareholders.”Looking ahead, MClean is dedicated to maintaining its positive momentum and focusing on long-term profitability. The management team is confident that the Company's strategic initiatives, combined with ongoing cost management efforts, will position MClean for continued success in the quarters to come.As of 27 August 2024, the share price of MClean Technologies had closed at RM0.29 as at 5:00 P.M., representing a market capitalisation of RM57.2 million.This press release should be read in conjunction with the full text of the announcement released by MClean Technologies on 27 August 2024 in relation to its interim financial statements for the quarter and six months ended 30 June 2024 which is available on the Bursa website.ABOUT MCLEAN TECHNOLOGIES BERHADMClean Technologies Berhad, is a leading provider of surface treatment, precision cleaning, and packaging services. The Company serves a diverse range of industries, including Hard Disk Drive, Consumer Electronics, and Oil & Gas. With operations in Malaysia, Singapore, and Thailand, MClean is committed to delivering high-quality and reliable services to its clients. For more information, visit http://www.mclean.com.sg/.For more information, please contact:Jazzmin WanTel: +60 17-289 4110Email: j.wan@swanconsultancy.bizStephanie ChowTel: +60 18-314 3933Email: s.chow@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
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