HONG KONG, Aug 26, 2022 - (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 2022.During the period, the resurgence of COVID cases in various cities in China caused the imposing of control and lockdown measures in consuming places and also led to adverse impact on consumer sentiment. As a result, in the first half of 2022, the Group's revenue decreased by 44% to HK$101 million, compared to the same period last year, whereas profit attributable to owners of the Company dropped by 45% to HK$10.7 million. However, gross profit margin increased from 38% in the first half of 2021 to 40% during the period.With consumers' growing interest in white wine products of the Group, especially in coastal regions of China, revenue of white wine products transcended red wines products for the first time in the first half of 2022, as the Group's major revenue contributor, accounted for approximately 52% (2021 1H: 41%) of the Group's revenue for the period. Red wines revenue accounted for 45% (2021 1H: 58%). During the period, the gross margin of white wine products and red wine products were 44% and 35% respectively (2021 1H: 35% and 39% respectively).The Group produces a wide range of more than 100 wine products under the "Dynasty" brand. It has been actively pursuing innovation, embracing the "5+4+N" product strategy. The Group's 5 key series of products comprise the air dry series, seven-year reserve series, merlot series, classic series and best-selling series, which cover fully the price range of mainstream markets, whereas the 4 advantageous product categories include dry red wines, dry white wines, brandy and sparkling wines, which enlarge vertical market shares for the Group. Furthermore, the Group boasts the development of "N" kinds of customized products to meet the diversified needs of Chinese consumers. During the period, the Group launched a new round of upgraded products, the innovative 373ml and 180ml Dynasty dry red and semi-dry white series. The new sizes coming with screw caps offer greater convenience to enjoy and young and chic styles that target the young consumer market. The 180ml wine comes in boxes of six, giving young people another choice of drinks than beers in gatherings. As for the 373ml size, with online-to-offline (O2O) platform support, consumers can scan the product QR code and get rewards. Moreover, the Group has created a gift box during the period for the collection of "Pleasant Color" wines which targets the young consumer market as well. The gift option is ideal for gatherings with family and friends and festive celebrations. New product launch and product upgrade are not only promoting interaction between consumers and the Group's brand, but also ultimately enable Dynasty's products to reach wider consumer groups.In addition, the Group also sold chateau wines imported from France and other foreign branded wines in China through the Group's existing distribution network. In that way, the Group introduced classic "old world" and "new world" varietals to cater for the consumer group preferring the taste of foreign premium wines.During the year, the Group's e-commerce team started to operate online stores on such traditional e-commerce platforms as JD.com, Tmall and Pinduoduo. Moreover, innovations were achieved across its brands, product categories, business systems, operation procedures and models via new retail platforms including Weibo, RED (Xiaohongshu app), Kuai (Kuaishou app) and TikTok (Douyin app), which replaced the cooperation with distributors. The e-commerce team has also actively cultivated e-commerce live broadcasting talents to further expand the Group's sales channels so as to build up a new customer base.The Group held its tasting and business events this February and June, during which the Group actively promoted its latest product mix that covered all product lines, and received enthusiastic market response. Close to the end of the first half of the year, the pandemic has subsided in most regions of China, and the business and sales of the Group has a gradual recovery to normal. Against this backdrop, the Group will continue its reform in sales and marketing. Following the relaxation of COVID control and lockdown measures, the Group will forge ahead the mass-scale marketing campaign showcasing 20,000 shops, hosting 1,000 wine tasting events and organising 100 plant visits, so as to keep developing and enhancing its point-of-sale network.Mr. Wan Shoupeng, Chairman of Dynasty, concluded, "Looking ahead to the second half of 2022, Dynasty will further strengthen presence in Ningxia and Xinjiang to secure the supply of quality grapes and grape juice, and plan for the development of local production bases of grape juice in these regions in the long term. In addition, following the gradual containment of the COVID situation and relaxation of control and lockdown measures at the end of the second quarter of 2022, as well as the policy support for the recovery of economy, the Board currently remains cautiously optimistic on the business in the second half of 2022. The Group will continue to be well prepared to tackle the uncertainties associated with the pandemic, proactively develop the market, enhance product quality and boost sales volume." Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - China BlueChemical Ltd. ("China BlueChem" or the "Company," stock code: 3983), the largest state-owned chemical fertiliser producer and the leading methanol producer in China, announced its unaudited interim results for the six months ended 30 June 2022. Financial Highlights (Unaudited):For the Six Months Ended 30 June(RMB Million) 2022 2021 ChangeRevenue 7,371 6,110 +20.6%Gross Profit 1,408 1,285 +9.6%Net Profit Attributable to Owners of the Company 937 1,246 -24.8%Net Profit Attributable to Owners of the Company (excluding a one-off item) 937 868 +8.0%Basic Earnings per Share (RMB) 0.20 0.27 -25.9%In the first half of the year, the Company realized a revenue of RMB 7,371 million, a surge of 20.6% over the corresponding period last year. Net profit attributable to owners of the Company amounted to RMB 937 million. In comparison with net profit attributable to owners of the Company after excluding a one-off item relating to Hualu Yangpoquan project for the first half of last year, which was RMB 868 million, the interim profit of this year is not only 8.0% higher than that of 2021, but also breaks the record of interim profits since 2013.The Company consistently upholds the philosophy of green and sustainable development. In the first half of the year, the Company reduced 34 thousand tonnes of carbon emissions. It was the eleventh consecutive year that the Company had been awarded the Benchmark Enterprise of Leading Energy Efficiency in the Methanol Industry by China Petroleum and Chemical Industry Federation. Against the backdrop of "dual carbon" goals, the Company actively conducted research activities on the comprehensive utilisation of high carbon dioxide bearing natural gas and entered into a joint development agreement with BASF and Wuhuan Engineering, positioning itself as the first mover in the large-scale carbon dioxide utilisation.Mr. HOU Xiaofeng, CEO and President of China BlueChem said, "In the first half of 2022, the Company implemented superb financial management without compromising social responsibility. It is encouraging that we reduced 34 thousand tonnes of carbon emissions and achieved a record high interim profit since 2013 after excluding the effect of one-off items in results in the comparison. As the largest state-owned chemical fertiliser producer and the leading methanol producer in China, China BlueChem firmly adheres to the principles of guarding against the pandemic, keeping the economy steady and achieving safe development. We have been fully boosting sales and marketing, enhancing production management, consistently controlling costs and raising efficiencies, and exploring price premium of our product brands."In the production perspective, the Fudao Phase I and Fudao Phase II urea plants completed their respective annual plant overhauls as scheduled with the required quality. The Hainan Phase I and Hainan Phase II methanol plants recorded the highest output volume for the corresponding period in the recent 5 years. In the first half of 2022, the Company produced 909 thousand tonnes of urea, 773 thousand tonnes of methanol, 522 thousand tonnes of phosphate fertilisers and compound fertilisers, and 5 thousand tonnes of polyformaldehyde (POM).With regards to sales and marketing, the Company rode on the rising trend in prices of chemical fertilisers and chemical products to become the market leader in terms of methanol price and fully reap the market through strategic pricing of chemical fertilisers. It also enhanced the quality and scale of the self-operated business to realise its contribution to the sales value of the Company. In the first half of 2022, the Company sold 949 thousand tonnes of urea, 722 thousand tonnes of methanol, 515 thousand tonnes of phosphate fertilisers and compound fertilisers, and 3,484 tonnes of POM. Under the Company's continued efforts in optimising the product portfolio, the sales volume of value-added products hit a record high, making a year-on-year increase of 73 thousand tonnes.Regarding the progress of the Company's key projects, the construction and pre-production preparation works of the acrylonitrile project were smoothly underway and the milestone targets were essentially achieved. The Company has been actively working on the acquisition of Orient Petrochemical and made substantive progress on the transfer of equity interests in DYK Chemical and CNOOC Tianye. As for the industry outlook in the latter half of the year, the domestic demand is traditionally low in the third quarter, so the domestic urea market may possibly face significant price mark-downs, whereas there is a possibility that the urea market may bottom out and rally in the fourth quarter, causing concerns on the supply of natural gas and the scale of off-season stockings. Given the reduction in prices of main raw materials, the supply of phosphate fertilisers is expected to loosen up in the domestic market, which will exert a greater pressure on the domestic sales, and the prices will thereby start to go down with fluctuations along with the costs. As for methanol, the excessive supply over demand will persist. Dampened by deteriorating macro views, the market is expected to be weaker and will experience rocky adjustments. The POM market is expected to see a more adequate supply and the key concern will be whether the downstream demand can be restored. In respect of the Company's development in the latter half of the year, the Company will strictly implement prevention and control of normalised epidemic, and endeavour to achieve safe and stable operation for all production plants. It will strengthen the monitoring of equipment with potential dangers, reinforce the management, maintenance and overhauling of outdated equipment, and address bottleneck issues with consolidated technical skills. The Company will also further enhance its acumen in assessing the market, promote brand building and strive to gain a greater say in the market. Looking to the future, Mr. HOU said, "China BlueChem has full confidence over its future. We will push the acrylonitrile project forward to ensure successful trial operation and get its production and sales well prepared. At the same time, we will speed up the construction of the petrochemical wharf with a throughput of 20 thousand tonnes in Xingang Zone of Basuo Port in Hainan Province. Furthermore, we will actively proceed with the acquisition of Orient Petrochemical, and complete the transfer of equity interests in DYK Chemical and CNOOC Tianye in a steady manner. Research activities on the technology of carbon-rich natural gas utilisation and the cooperation with BASF and Wuhuan Engineering will be accelerated, with the aim to facilitate the Company with more advanced technology of carbon fixation to promote green and low-carbon development." Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
HANGZHOU, Aug 19, 2022 - (ACN Newswire via SEAPRWire.com) - New Horizon Health (6606.HK), China's leading biotechnology company for early cancer screening, announced its half-year results for the year ended June 30, 2022 today.Based on the financial information before the audit as of June 30, 2022, New Horizon Health achieved total revenue of RMB226 million in the first half of 2022, an increase of 414% over the same period in 2021; achieved a gross profit of RMB185 million, an increase of 650% over the same period in 2021; gross profit margin climbed to 82.0% from 56.2% in the first half of 2021. The Company's adjusted net loss for the half-year was RMB106 million and the adjusted net loss rate(1) narrowed significantly from 221% to 47%; the ratio of expenses to sales(1) dropped significantly from 161% to 86%, and the ratio of management expense to sales(1) dropped significantly from 80% to 23%. The Company's total cash, including time deposits, cash, and cash equivalents, amounted to RMB1.65 billion.The Company announced its cervical cancer screening product, CerviClear(TM), which had been launched in a large-scale prospective multi-center registered clinical trial in June 2022. CerviClear(TM) is the world's first HPV cervical cancer screening product that provides painless and non-invasive urine self-sampling at home, covering a comprehensive range of 14 high-risk HPV viruses. The clinical trial for LiverClear(TM) is progressing well and is expected to be launched in the fourth quarter of 2022 or the first quarter of 2023. As of June 30, 2022, the Company's R&D expenses(1) were RMB39.4 million, an increase of 111% over the same period in 2021."The results of the interim report were not easy to get. New Horizon Health's team is faithful to its promise that it is able to do what it says and do what it does. The Company's revenue in the first half of the year has exceeded last year's full-year revenue. The performance growth is mainly attributed to the increase in revenue and gross profit of ColoClear and Pupu Tube, as well as the listing of UU Tube. The underlying logic of the high growth and high gross profit of the three products is that more and more people with high risk are accelerating the change of concept, attaching importance to the risk prevention and control of high incidence cancer in personal and family health management, recognizing the important value of cancer early screening product compliance and willing to pay for it", the Chairman and CEO of New Horizon Health, YeQing ZHU, said, "Cancer early screening products are both serious medical and consumer products, and the huge market opportunity is backed by the high barrier of research and development and compliance as well as the high investment in market education. The necessary condition for the approval of cancer early screening products under New Horizon Health is solid prospective large-scale multi-center registration clinical validation, which is the strong barrier of our diversified business strategy and the foundation of user trust."Normalization of COVID-19 epidemic accelerates the market education process for early screening at home: ColoClear and Pupu Tube continue to see 3-digit revenue growthColoClear achieved revenue of RMB73.6 million in the first half of 2022, representing an increase of 419% over the same period in 2021. The shipment volume in the first half of the year was approximately 294,600 kits, representing an increase of 143% over the same period in 2021. The increase in revenue of ColoClear was mainly due to the increase in volume sold and recognized as revenue and the increase in average recognition unit price.China's first at-home self-testing FIT test product, Pupu Tube, achieved revenue of RMB68.5 million in the first half of 2022, an increase of 132% over the same period in 2021; and achieved shipment of 2,929,700 units, an increase of 54% over the same period in 2021. The increase in revenue recognized by Pupu Tube was mainly due to the increase in sales volume and the increase in the average unit price (including the increase in the unit price of direct-to-consumer pipeline and the increase in the unit price of health check centers).Other than New Horizon Health, no domestic player has yet announced the launch of a large-scale prospective multi-center registration clinical trial for colorectal cancer screening. ColoClear is the only product approved by the National Medical Products Administration of China for screening cancer. Pupu Tube is the only approved product for at-home self-testing of FIT in China. In February 2022, ColoClear's multi-target stool FIT-DNA technology was recommended by the latest version of the Cancer Foundation of China's "China Integrated Cancer Treatment Guidelines", making it the only molecular early screening technology in China to be included in all national guidelines for colorectal cancer prevention and treatment.In the first half of 2022, the policy of early screening of cancer at home was intensively favorable. The "14th Five-Year Medical Equipment Industry Development Plan ", the "14th Five-Year National Health Plan " and the "14th Five-Year Bio-economic Development Plan " all focus on "early screening and health management of key diseases" such as cancer and in vitro diagnosis in home scenes. The normalization of the detection of COVID-19 epidemic has accelerated the public's awareness of home screening and healthy "symptom-free" people.The only consumer self-test for H. pylori testing: $83.5 million in half-year sales revenue for UU TubeAs of June 30, 2022, the sales revenue of UU Tube since its listing on January 18, 2022, was RMB83.5 million.On December 31, 2021, UU Tube was approved for registration as a Class III medical device by the National Medical Products Administration of China and is the only product in China that is suitable for "consumer self-testing" for H. pylori detection, for which we have the exclusive patented design of the "pregnancy test stick" which is an integrated design for sampling and testing.Data show that more than half of the users of UU Tube are women, nearly 50% are aged 31-40, and people aged 24-30 and 40-50 are also the main users. Jiangsu, Guangdong and Zhejiang have ranked the top three provinces in terms of the number of UU Tube users, and household users are more concerned about the detection and prevention of H. pylori.The prevention and control of H. pylori is a major focus of the science of gastric cancer prevention and has been receiving widespread attention from the media and the public. Data show that in the first half of 2022, the epidemic prevention and control led to a significant decline in the measurement of H. pylori breath tests in hospitals and health checkups, while the number of online and offline gastroenterology consultations continued to rise during the same period, effectively boosting consumer demand for home testing of H. pylori and strongly supporting the rapid promotion of H. pylori.Diversification of 2C quality pipes in tandem: ColoClear, Pupu Tube and UU Tube have excellent profitability performanceIn the first half of 2022, all the three marketed products demonstrated excellent profitability, with the gross margins of ColoClear and Pupu Tube continuing to increase significantly compared to the same period in 2021. As of June 30, 2022, the gross margin of ColoClear reached 75.7%, the gross margin of Pupu Tube reached 80.0% and the gross margin of UU Tube reached 90.0%. Compared to the same period in 2021, the gross margins of ColoClear and Pupu Tube were 56.6% and 59.0%, respectively.The Company's sales volume of the core pipeline increased steadily in the first half of 2022, and the new pipeline continued to make efforts to take advantage of the favorable macro and micro home inspection policies in the first half of the year with "Resilient" marketing and firmly implementation. The high gross margin of the three products benefited from the Company's continuous and in-depth diversified business strategy, which optimized the pipeline mix for product sales, increased the revenue of single test for direct-to-consumer pipelines and brought about scale production through operational leverage benefits, which further reduced the operating cost of a single test.In the first half of the year, the Company has been making progress online and offline, both inside and outside the hospital. As of June 30, 2022, the Company has completed access and sales to over 800 hospitals in the first half of the year. During the "618" period, New Horizon Health continued to be the champion in sales of JD in three categories: medical devices, consumer medical and genetic testing. UU Tube won the top selling category of Tmall test paper. The Company's total sales in JD and Tmall exceeded RMB40 million, representing a 400% increase in total sales compared to the same period in 2021, and a 300% increase in sales of ColoClear YoY.Based on the mainland market, start international marketing: ColoClear debuted in Hong Kong and will advance to Southeast Asia in phases2022 is a milestone year for the internationalization of New Horizon Health. On May 23rd, the Company and Prenetics (Nasdaq: PRE) made a joint announcement that the two parties have launched in-depth cooperation to fully integrate the quality resources in market and pipeline development and product and service operation, and jointly promote the market coverage of ColoClear in Hong Kong, Macau and Taiwan, China, and explore the market opportunities in countries or regions in Southeast Asian at the same time. On June 8, ColoClear by Circle was officially launched in Hong Kong with an official price of HK$3,000. During the cooperation period, ColoClear is the colorectal cancer early screening product that Prenetics has exclusively partnered with.At the same time as ColoClear's debut in the Hong Kong market, New Horizon Health announced the establishment of the Company's first international R&D center in the Hong Kong Science and Technology Parks to attract global talent and focus on multi-omics cancer screening technology innovation and product development, including NGS, and to drive overseas commercialization and synchronized global clinical trials.About New Horizon HealthFounded in 2015, New Horizon Health is a pioneer and leader in China's cancer screening market, focusing on early home screening of high-incidence cancers, aiming to promote innovation in cancer screening technology and accelerate the popularity of cancer screening technology in China. On February 18, 2021, New Horizon Health was successfully listed on the SEHK with stock code 6606.HK, which became "the first listed Chinese cancer early screening company".New Horizon Health has three marketed products. ColoClear, Pupu Tube and UU Tube have all been approved by the National Medical Products Administration of China and are officially commercialized. ColoClear is the only cancer screening product approved by the National Medical Products Administration of China for people aged 40-74 who are at high risk of colorectal cancer. UU Tube is the only consumer self-test product for Helicobacter pylori approved by the National Medical Products Administration of China. Pupu Tube is the first FIT at-home self-test device approved in China. In addition, the Company has three pipelines of products in development for liver cancer (LiverClear), cervical cancer (CerviClear ) and nasopharyngeal cancer screening. The Company has global rights to all of its marketed and pipeline products. New Horizon Health works extensively with hundreds of hospitals, health check-ups, insurance companies, pharmacies and online channels. The Company has a class 100,000 clean production workshop that meets ISO13485 and ISO9001 international certification standards. The third parties medical testing laboratories in Beijing, Hangzhou and Guangzhou have been certified by international quality standards and the local health care commission and issued licenses to practice, with an annual testing capacity of 2 million people.(1) Excluding equity incentive-related expenses Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Aug 10, 2022 - (ACN Newswire via SEAPRWire.com) - Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: 669, ADR symbol: TTNDY) is pleased to announce its results for the six months ended June 30, 2022. The Group delivered strong results for the first half of 2022, outpacing the market and growing sales by 10.0% to US$7.0 billion. In local currency, sales grew 12.1%. Combined with the 2021 first half sales growth of 52%, TTI has increased sales by 67% over this two-year period. Gross margin improved for the 14th consecutive first half expanding 50 bps to 39.1%. EBIT increased 10.7% to US$633 million, net profit rose 10.4% to US$578 million, and earnings per share increased 10.4% to approximately US31.59 cents per share.-- Our flagship MILWAUKEE business significantly outgrew the market, delivering 25.8% sales growth-- Gross margin improved for the 14th consecutive first half to 39.1%-- Net profit growth of 10.4% to US$578 millionFinancial Performance Highlights for 1H 2022 2022* 2021 US$' US$' million million ChangeRevenue 7,034 6,394 +10.0%Gross profit margin 39.1% 38.6% +50 bpsEBIT 633 572 +10.7%Profit attributable to Owners of the Company 578 524 +10.4%Basic earnings per share (US cents) 31.59 28.62 +10.4%Interim dividend per share (approx. US cents) 12.23 10.94 +11.8%*For the six-month period ended June 30, 2022The Group is delighted that all of its geographic regions delivered solid sales growth in the first half. Rest of World featuring Australia and Asia delivered outstanding 23.0% growth in local currency. Europe grew 14.1% in local currency and North America grew 10.5% in local currency.TTI's Power Equipment business delivered a very strong first half, while Floorcare contracted due to slowing demand and customer destocking. Now the global leader in professional cordless, TTI's flagship MILWAUKEE business continued to flourish with 25.8% local currency sales growth in the first half. This business now accounts for a major part of the company sales with an accretive gross margin.Mr. Horst Pudwill, Chairman of TTI, said, "Our world-class team is well prepared to manage the business through challenging macroeconomic environments and continue to deliver above market results. We are well positioned to strengthen our leadership position in the months and years to come." Mr. Joseph Galli, CEO of TTI, commented, "Our outstanding first half performance is the result of our ongoing new product flow and our market leadership position. We will continue to execute our proven strategy of investing in demonstrably better, technologically advanced new products to drive our growth." About TTI Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world leader in cordless technology spanning Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products for the consumer, professional, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. The Company has a foundation built on four strategic drivers - Powerful Brands, Innovative Products, Exceptional People and Operational Excellence - reflecting a long-term expansive vision to advance cordless technology. The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries. TTI's powerful brand portfolio includes MILWAUKEE, AEG and RYOBI power tools, accessories and hand tools, RYOBI and HOMELITE outdoor products, EMPIRE layout and measuring products, and HOOVER, ORECK, VAX and DIRT DEVIL floorcare cleaning products and solutions.TTI is one of the constituent stocks of the Hang Seng Index, FTSE RAFI(TM) All-World 3000 Index, FTSE4Good Developed Index and MSCI ACWI Index. For more information, please visit www.ttigroup.com.All trademarks listed other than AEG and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.), and is used under license. RYOBI is a registered trademark of Ryobi Limited, and is used under license. For enquiries:Techtronic Industries Co. Ltd.Main ContactTTI Investor RelationsTel: +1 (954) 541 9660Email: ir@ttihq.comAsia/PacificTTI Investor RelationsTel: +(852) 2402 6888Email: ir@tti.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
Toyota City, Japan, Jul 28, 2022 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (TMC) announces its sales, production, and export results for June 2022 as well as the cumulative total from January to June, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.Highlights:In the first half of 2022, both sales and production fell below the previous year's level due to impact from the global spread of COVID-19 as well as semiconductor shortages.However, production outside of Japan exceeded that of the previous year due to increased capacity and production optimization in China and a rebound from a slump caused by the impact of COVID-19 in various countries in the previous year, particularly in Asia.The situation remains difficult to predict due to the impact of semiconductor shortages and the spread of COVID-19, and there is the possibility that there will be a downturn in the production plan. However, we will continue to carefully monitor the supply of parts and minimize sudden decreases in production as much as possible while making every effort to deliver as many vehicles as possible to our customers at the earliest possible date.For the full report, visit https://global.toyota/en/company/profile/production-sales-figures/202206.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
WILMINGTON, DE, Jan 7, 2022 - (ACN Newswire via SEAPRWire.com) - Cheems Inu coin is soon launching their MemeTools and a metaverse game in the coming month(s). Cheems Inu, the king of meme coins, can be considered a meme no longer. The crypto currency launched last month on the Binance Smart Chain as just another dog-based coin, but since then the development team has worked hard to create utility and value for the token. The community has responded and pushed Cheems Inu to an all-time high of 60 million (USD) market cap with over 40 thousand individual holders.Cheems InuTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/8485/109243_5747002dc435b934_001full.jpgThe Cheems Inu team believes they can properly combine the lighthearted fun of a meme token with utility and function, to create a truly revolutionary crypto project. The team's vision is to inspire and educate their base about blockchain technology and create wealth and liquidity for the new generation of investors.MemeTools Development on SchedulePart one in this plan is already in development and involves creating a universal hub for meme token listings, charts, and educational material. This site, knowns as MEMETOOLS, will be operational in its initial version during Q1 2022. Later in 2022, a swap functionality called CHEEMSWAP will be added.Besides the exposure that will come from being listed on the Cheems Inu MEMETOOLS site, token developers and advertisers will be able to utilize ad space across the platform. All ads and fees will be paid for in Cheems Inu tokens, of which half will be burnt, and half will be added to rewards supply for future staking plans.Cheems Inu Joins the MetaversePart two of the dev teams plans was announced on December 30, 2021 to a great reception. Cheems Inu is teaming up with several other projects on BSC and ETH to create a Metaverse game that will be called Metapolis. This Play to Earn game will take place in a huge open world virtual city, where users will compete to accumulate property, wealth, and fame. Cheems Inu holders will control the "downtown" area of Metapolis, and land sales (in the form of CHEEMSBURGER Business Licenses) have now begun. As of writing, 26% of the available spots were sold within 10 hours of being available. Cheems Inu holders are excited to be a part of the metaverse, the future of gaming.The Cheemsburger Licenses will offer passive income to anyone holding one. Furthermore, the license gives them a lease in a building in downtown Metapolis and a chance to make more money in the metaverse. Businesses will be offered support setting up and with integration into online and real-world markets. All business services and products will exist in the form of liquidized NFTs, meaning users can always sell them, even when there is no direct buyer. This is part of a revolutionary economic system being developed in partnership with other teams in the Metapolis.MemeTools and CheemSwap will have physical locations in the metaverse where users can interact with them in virtual reality. Their use will be integral to success in the Metapolis ecosystem and bring further exposure and token burn to Cheems Inu. This is not only a game, but an engine designed to bring wealth to those who master it.Cheems Inu Tokenomics BreakdownTotal supply: 6,000,000,000,000,000,000,000Circulating supply: 4,541,200,004,955,580,000,000Maximum wallet size: 3% of the total supplyTaxes: 10% Buy & 15% Sell50% of the taxes go towards an automatic burn function where the allotted tokens get permanently deleted from the supply. The rest of the tax goes towards marketing and liquidity.Contact:Chase WinderCommunity Representativecawinder87@gmail.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/109243 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
LONDON (AFP) - Brentford moved into the top half of the Premier League after scoring twice in the final six minutes to beat Watford 2-1 on Friday (Dec 10). Watford were heading six points clear of the relegation zone thanks to an Emmanuel Dennis header midway through the first half. But despite missing talismanic striker Ivan Toney who tested positive for coronavirus, the Bees turned the game around in a dramatic finale. Brentford captain Pontus Jansson powered home a header for his first goal for the club from Marcus Forss' flick on. Substitute Saman Ghoddos then lured William Troost-Ekong into a rash challenge inside the box four minutes into stoppage time. Bryan Mbuemo took responsibility from the spot in the absence of Toney and coolly sent Daniel Bachmann the wrong way to secure just Brentford's second win in nine league games. Thomas Frank's men climb to ninth, 10 points clear of the relegation zone in their first season in the top flight of English football for 74 years. Watford could end the weekend in the bottom three if Burnley beat West Ham on Sunday. More on this topic Related Story Football: Tottenham into top six with smooth win over Brentford Related Story Football: Man United face Villa, Leicester host Watford in FA Cup third round
LIVERPOOL (REUTERS) - Imperious Liverpool extended their Premier League home winning streak against Arsenal to six on Saturday (Nov 20) with an easy 4-0 victory that lifted them to second in the table. Sadio Mane met a perfect free kick from Trent Alexander-Arnold in the 39th minute to plant a header across Arsenal goalkeeper Aaron Ramsdale for Liverpool's opening goal. Ramsdale produced a string of spectacular saves to keep Juergen Klopp's silky strikers at bay. But he could do nothing to stop Diogo Jota skipping past him in the 52nd minute after a dreadful misplaced pass from Arsenal defender Nuno Tavares. Inevitably, Mohamed Salah got in on the act with a close-range volley from a Mane cross in the 73rd minute, before Takumi Minamino came off the bench to turn in a cross from Alexander-Arnold with his first touch in the 77th. Arsenal showed a few flashes of resistance and attacking spirit in the first half - not least from manager Mikel Arteta who squared up angrily with Klopp over a foul in an ugly touch-line exchange that earned both yellow cards. But Liverpool totally deserved the victory and it could have been even bigger were it not for England international Ramsdale. The win put Liverpool on 25 points, four points behind leaders Chelsea after 12 games. Arsenal are fifth on 20. 'All over them' Right-back Alexander-Arnold was delighted with his double assist and Liverpool's improvement after defeat at West Ham United in their last Premier League outing. "A team of our quality shouldn't be losing games. We bounced back today in the best way we could. A very good performance. It was exactly what we needed," he said, singling out Liverpool's pressing and fluency after halftime. "We were all over them, they were just seeing red blurs all over the place, and that's exactly what we wanted to do. That second half was outstanding." Arsenal did put the ball in the net in the first half but Alexandre Lacazette's effort was offside. Arsenal have not beaten Liverpool away in the Premier League for nine years, conceding at least three goals in the last half dozen defeats. "It's one of the toughest places if not the toughest to come," said Ramsdale. "We made mistakes but that's life and football. We got punished and that's what the top teams do."
PARIS (AFP) - Lionel Messi was kept quiet as 10-man Paris Saint-Germain settled for a 0-0 draw with bitter rivals Marseille in a heated atmosphere in Ligue 1 on Sunday (Oct 24). The meeting of French football's biggest rivals was briefly held up on more than one occasion as objects were thrown from the stands when PSG players went to take corner kicks. There was another interruption in the second half when one young man invaded the pitch and approached Messi before being escorted off by a legion of security staff. It was that sort of night for PSG, who could not get into their stride and were reduced to 10 men when Achraf Hakimi was sent off in the second half following a VAR review for a last-man challenge on Cengiz Under just outside the box. The game was also marked by two goals that were disallowed in the first half for tight VAR offside decisions, one an own-goal by Marseille defender Luan Peres and another at the opposite end from Arkadiusz Milik. It is a perfectly acceptable result for Mauricio Pochettino's side, who have lost just one of their opening 11 matches in Ligue 1 and are seven points clear at the top from Lens in second. However, the performance of PSG's attacking superstars will again come in for scrutiny. Pochettino selected Messi, Neymar and Angel Di Maria in a line of three behind Kylian Mbappe but that quartet was kept quiet for most of the game by a hard-working Marseille side. Messi was coming up against Jorge Sampaoli, who coached the six-time Ballon d'Or winner at the 2018 World Cup when in charge of Argentine, and who is now on the Marseille bench. The former Barcelona man scored twice for the Qatar-owned club in their 3-2 midweek win over RB Leipzig in the Champions League, but here he rarely looked finding the net. A close-range header that was tipped over by home goalkeeper Pau Lopez in the first half was the closest Messi came. All of his three goals in a PSG shirt have come in the Champions League, while he is yet to score in the French league, even if this was just his fourth Ligue 1 appearance. Hakimi sent off The visitors, who were deprived of any travelling support amid concerns about potential crowd disorder, thought they had gone in front in the 14th minute. Neymar's ball across goal looking for Mbappe was turned into his own net by Peres, but the goal was disallowed for an offside against the world's most expensive player. Milik then had a goal at the other end ruled out midway through the first half. More on this topic Related Story Football: Messi and Mbappe lead PSG to Champions League victory against Leipzig Related Story Football: PSG scrape Ligue 1 victory over Angers with late Mbappe penalty The Polish striker controlled a low ball into the box from the right and fired in but the goal did not stand because Pol Lirola was just offside before crossing. PSG lost Marco Verratti to injury just before half-time and had Hakimi sent off in the 57th minute for shoving over Under, a yellow card upgraded to red after another VAR review. Di Maria was sacrificed to allow Pochettino to send on another defender and Marseille had chances, with Valentin Rongier and substitute Konrad de la Fuente both missing from close range. Mbappe was denied by a brilliant William Saliba challenge at the other end, and Marseille are fourth with a game in hand. Earlier Lens beat Metz 4-1 to stay second, with Wesley Said scoring twice, while Nice are third after coming from two goals down to beat Lyon 3-2. Karl Toko-Ekambi gave Lyon the lead and Houssem Aouar doubled the away side's advantage. Youcef Atal got one back for Nice with nine minutes left before Lyon had Tino Kadewere sent off. Andy Delort equalised with a penalty in the 89th minute and 20-year-old forward Evann Guessand won it in stoppage time for the home team. There were also wins for Monaco, Rennes and Troyes.
SINGAPORE - Vehicular accidents were the top cause of workplace deaths in the first half of this year, according to mid-year statistics on workplace safety and health released by the Ministry of Manpower (MOM) on Friday (Oct 8). Twenty-three workers died on the job between January and June, six of them in accidents involving vehicles. Four who died were delivery or dispatch riders, of whom three were killed due to other negligent road users. A work group comprising the Workplace Safety and Health Council, the National Delivery Champions Association and companies such as Grab and SingPost has been formed to discuss how to reduce these deaths, MOM said. Emerging technology solutions such as collision alert systems and rider behaviour monitoring systems will also be put on a trial at logistics and food delivery firms, the ministry added. A two-month enforcement operation on vehicular safety will also be conducted from this month, targeting sectors where workplace traffic hazards are common, such as the transportation and storage sector, construction and manufacturing. The construction sector and the transportation and storage sector each accounted for seven deaths in the first half of this year - making up 60 per cent of all workplace fatalities during this period. Meanwhile, there were four deaths in the manufacturing sector, including the three who died in the explosion at an industrial building in Tuas in February. Since July, there have been at least seven other workplace deaths, bringing this year's tally to at least 30. In comparison, there were 30 workplace deaths in the whole of last year, with 13 deaths in the second half. MOM said it is paying close attention to the manufacturing industry, which had a six-month workplace fatality rate of 1.0 per 100,000 workers, compared with 0.8 per 100,000 workers in the second half of last year. The sector also had the highest number of non-fatal injuries between January and June, with 80 major injuries and 1,364 minor injuries. MOM also noted that the six-month workplace fatality rate for the construction industry rose from 1.2 per 100,000 workers to 1.7 per 100,000 workers. The six-month fatality rate in the transportation and storage industry rose even more, from zero per 100,0000 workers in the second half of last year to 2.8 per 100,000 workers in the first half of this year. Mr Silas Sng, commissioner for workplace safety and health and the divisional director of MOM's occupational safety and health division, said: "The spate of fatal accidents this year, including February's explosion in Tuas that resulted in multiple casualties, serves as a reminder of the catastrophic consequences when safety practices are ignored or compromised." Overall, there were 6,411 workplace injuries in the first half of this year, up from 6,293 in the previous six months. MOM attributed the rise to the gradual resumption of workplace activities since the second quarter of last year. There were 312 major injuries and 6,076 minor injuries, with slips, trips and falls continuing to be the top cause for these injuries. The workplace injuries rate in the first half of this year is comparable with pre-pandemic levels, MOM said.
LONDON (AFP) - Manchester United crashed out of the League Cup as West Ham avenged their painful loss to Ole Gunnar Solskjaer's side with a 1-0 win at Old Trafford, while Chelsea and Tottenham survived penalty shoot-outs to reach the fourth round on Wednesday (Sept 22). The Hammers suffered a gut-wrenching 2-1 defeat against United in the Premier League on Sunday when David De Gea saved Mark Noble's stoppage-time penalty after Jesse Lingard's late winner. But David Moyes' men got a measure of revenge three days later as Manuel Lanzini's first half goal dumped United out in the third round. Solskjaer made 11 changes and Moyes opted for 10 alterations, with West Ham's understudies making the most of their moment in the spotlight. Ryan Fredericks ghosted past Alex Telles and cut back for Lanzini to sweep past United goalkeeper Dean Henderson in the ninth minute. That was enough for Moyes to secure a first win over United since they sacked the Scot after less than a season in charge in 2014. It was also West Ham's first victory at Old Trafford since 2007. At Stamford Bridge, Chelsea won 4-3 on penalties after a 1-1 draw against Aston Villa. Much-maligned German forward Timo Werner headed Chelsea into the lead in the 54th minute, finishing off Reece James' cross for his first goal in 11 games. With Villa fan Prince William watching from the stands, 19-year-old striker Cameron Archer equalised in the 64th minute with a close-range header from Matty Cash's cross. James scored Chelsea's winning penalty in the shoot-out after Ashley Young and Marvelous Nakamba missed for Villa. Kane back on track Harry Kane ended his goal drought as Tottenham boss Nuno Espirito Santo knocked out his former club Wolves 3-2 on penalties after a 2-2 draw at Molineux. Tanguy Ndombele gave Tottenham a 14th-minute lead when he charged down Conor Coady's clearance and shot past John Ruddy. Kane, without a goal in his four previous games, increased Tottenham's advantage after 23 minutes. Dele Alli's perfect pass sent Kane clear and the England captain found the bottom corner. Leander Dendoncker pulled one back for Wolves seven minutes before the break when he headed in Rayan Ait-Nouri's corner. Daniel Podence levelled 13 minutes into the second half from Dendoncker's pass. In the shootout, Dendoncker, Ruben Neves and Coady all missed for Wolves. Arsenal eased to a 3-0 win against third tier AFC Wimbledon at the Emirates Stadium. The Gunners, featuring 10 changes from the weekend win at Burnley, went ahead in the 11th minute. Gabriel Martinelli was fouled by Nesta Guinness-Walker and Alexandre Lacazette slotted home the penalty. Emile Smith-Rowe doubled the lead in the 77th minute and Eddie Nketiah's impudent flick wrapped up the win three minutes later. Ademola Lookman scored his first Leicester goal in a 2-0 win at second tier Millwall. Lookman, making his maiden Leicester start following his loan move from RB Leipzig, netted five minutes into the second half with a cool strike after Kelechi Iheanacho's effort was saved by George Long. Iheanacho got on the scoresheet himself, driving into the roof of the net in the 88th minute. Brighton manager Graham Potter enjoyed a 2-0 win against his former club Swansea thanks to a first half brace from Aaron Connolly at the Amex Stadium.
WATFORD (REUTERS) - Wolverhampton Wanderers claimed their first three points of the Premier League season at Watford on Saturday (Sept 11) as Bruno Lage's side came away with a 2-0 victory after dominating the second half. Wolves, who lost their first three games 1-0, moved out of the relegation zone and up to 13th in the standings, two places above Watford who tasted their third straight league defeat without scoring. After a goalless first half, Wolves' constant pressure in the second period finally paid off in the 74th minute when Watford defender Francisco Sierralta attempted to clear a cross from a short corner but headed the ball into his own net. "I think in the first half it was a very good level but after the goal we were a little down. We need to continue working hard," Watford manager Xisco Munoz told BBC Sport. "The difference in the Premier League is in the box. If you create chances and don't score and they have chances and score. This is football, when you have the ball in your box, these things (the own goal) happen." Wolves doubled the lead nine minutes later when new signing Hwang Hee-Chan pounced on a loose ball in a goal mouth scramble to prod home. The game had been short of goalscoring opportunities but Moussa Sissoko had an early effort on his home Watford debut saved by goalkeeper Jose Sa while Wolves' wing back Nelson Semedo had an injury time shot palmed away by the goalkeeper. Semedo had another glorious chance to give the away team the lead when Raul Jimenez neatly flicked the ball to release the Portugal international into the box but his shot flew wide of the far post, with manager Lage looking on in disbelief. Up next for Watford is a trip to Norwich City while Wolves host Brentford.
HONG KONG, Sep 8, 2021 - (ACN Newswire via SEAPRWire.com) - CMGE Technology, the leading international IP-oriented game-based company in China, released its 2021 Interim Financial Report, recording total revenue of RMB2.18 billion, gross profit of RMB840 million and adjusted net profit of RMB402 million, representing increases of 27.2%, 58% and 17.6% respectively, compared with the First Half 2020.In studying the financial report, we were surprised as the growth potential of CMGE (HKG:0302) became apparent. Expansion to overseas markets contributed a lot to corporate performance with a significant increase in gross profit of 58%. According to the above data, CMGE saw a considerable increase in both its revenue and gross profit for the first half of 2021, and especially, its gross profit recorded a much greater increase than its revenue.When measuring the revenue in different business segments, for the first half of 2021, CMGE recorded a total revenue of RMB1.5253 billion in its game publishing business, RMB567 million in its game development business, and RMB87.8 million in its IP licensing business, representing increases of 2.4%, 156.8% and 2012.6% respectively, as compared to the First Half 2020.It is noticeable that in the first half of 2021, CMGE performed excellently in its overseas publishing business, and gained a total revenue of RMB219.7 million in those markets, representing an increase of 6250.4% as compared with the First Half 2020. CMGE's outperformance in overseas markets is mainly attributed to its advantageous products and game publishing strategies.In terms of products, CMGE pitches high-quality and hot-selling products tested by the domestic market to overseas markets to make certain of hitting a great success in overseas markets. In terms of game publishing strategies, CMGE focuses on in-depth localization and brand awareness to give full play to its great potential in overseas markets.For the Second Half 2021, CMGE will continue its efforts to expand overseas markets. For example, "The New Legend of The Condor Heroes: Iron Blood and Loyal Heart" will be launched in Vietnam, South Korea and Thailand; "Reborn!" will be launched in South Korea; "Sword and Fairy 7" will be simultaneously launched in mainland China and overseas markets.Seek the "unchanged" in a changing era: focus on core IP and keep integrating R&D and operationsAll Internet businesses are essentially dependent on traffic, products and operations. Games are a typical business centring on "Internet content". CMGE mainly adopts the IP game strategy which, specifically speaking, is intended to build a business closed-loop based on the game publishing business, R&D business and IP licensing business that centres on "supply, cultivation, development and back-feeding" of IP, with IP as the core and with games as the foundation.Why does CMGE stick to its core proprietary IP strategy?First of all, IP can effectively reduce traffic acquisition costs and extend the game lifecycle. From the angle of operating data, IP games with a fan base have a higher fan conversion rate and have their fans showing stronger willingness to pay for games.Moreover, IP ecological operation will enhance IP vitality and create greater added value. Film and television, animation, online literature, derivatives and other diversified businesses deriving from IP will increase CMGE's corporate revenue and profitability.Furthermore, organic IP operation will lead to higher IP popularity and further enhance the vitality of games.Therefore, CMGE prefers to form an ecological closed-loop by relying on core product assets such as IP and conducting IP-based research and development. As a result of its adherence to the IP game ecological strategy for years, CMGE currently possesses 118 IPs (including 50 authorized IPs and 68 proprietary IPs), making it a game company with the most IPs in China.Whether an IP can be transformed into competitive game products is determined in R&D, which is an important step in the process of IP core realization. Besides, in view of the severe homogeneity of game products and the scarcity of IP-based independent R&D capabilities, R&D strength matters a lot in the current game industry.To ensure independent research and development, CMGE is also continuing its investment in outstanding producers and its acquisition of outstanding developers, and established "Man Tian Xing Workshop", "Ling Dian Workshop" and "Da Yu Workshop" in the 1H of this year. From Nov 2016 to April 2021, CMGE invested in nearly all game development companies such as Phonecool Game and Love Games. In 1H 2021, CMGE completed its investment in R&D companies such as Shenzhen Heyao Network, Beijing Xinrui Game and Fuzhou Tornado.By means of investment, CMGE has gained a continuous supply of high-quality games and has also achieved certain results in this respect. For example, "One Piece: The Voyage" jointly launched with Nuverse, "Soul Land: God of Battle Arise" independently published by CMGE, and "Dynasty Warriors: Hegemony" developed by EZFUN, invested by CMGE and published by Tencent on August 10 have ranked first among the Top Free Games in Apple's App Store in Mainland China, and have been repeatedly recommended in "Hot Games Today" and "Best-selling Games" in the Apple Store since its launch.In addition, operational efficiency and channel control are also of great importance for game companies.Game operations essentially involve planning, organization, implementation and control of the entire production and R&D process and lifecycle of games. CMGE does this well. For example, "The World of Legend - Thunder Empire" and "Legend of Dragon City", two games independently developed by CMGE, went online before 2020 and remained a stable contribution to CMGE's revenue and profit in the first half of 2021, reflecting CMGE's high operational efficiency and its strength in researching and developing high-quality games."Channel", also known as "distribute", is a process by which game products are made available to players. High-quality channels can synergize with games and lead to business expansion. In 1H 2021, CMGE reached strategic cooperation with Huawei on the game business. On April 29, 2021, Bilibili, previously acting as the cornerstone investor in CMGE's IPO, increased its shareholding ratio in CMGE and served on CMGE's board of directors. Through strategic cooperation with top traffic platforms, CMGE has become more capable of dealing with channels. When disadvantages are eliminated and an ecological closed loop is formed, CMGE will surely thrive in the future.Give back to society while seeking great developmentEnterprises, as part of the social economy, must find a balance between corporate and social interests while seeking profits and growth, so as to achieve long-term development. CMGE takes strict control of its product by connecting to a real-time authentication system, with anti-addiction and age limit reminder systems, and by limiting the cumulative monthly spend by minors between the ages of 16 and 18 in games to RMB400. In 1H 2021, minors (under the age of 18) contributed only about 0.026% to CMGE's game revenue in China.CMGE has also made due contributions to public welfare and charity. It set up the eighth "CMGE Dream Libraries" in the Central Primary School of Lvcongpo Town, Badong County, Enshi Tujia and Miao Autonomous Prefecture, Hubei in April this year, and donated RMB1 million to Henan Charity General Federation to help fight the heavy rainfalls hitting Henan Province in July this year.Contact:Jing Gao, PeanutmediaE: gaojing@czgmcn.comU: https://www.Peanutmedia.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
KIEV (REUTERS) - France’s winless streak stretched to five games as Les Bleus were held to a 1-1 draw away to Ukraine in their World Cup qualifier in Group D on Saturday (Sept 4). The world champions fell behind when Mykola Shaparenko found the back of the net after 44 minutes before Anthony Martial restored parity early in the second half. France still top the group on nine points from five games after a 1-1 draw against Bosnia on Wednesday and three days before hosting second-placed Finland, who beat Kazakhstan 1-0. Ukraine are third behind the Finns, who also have five points but have two games in hand, with Bosnia and Kazakhstan both on two points. “It was much better in the second half and we have regrets in the first as we conceded the goal just after missing a chance,” said coach Didier Deschamps. “Playing all these matches in a row is tricky and very demanding but I’m not looking for excuses.” Martial, who scored his second international goal and his first since September 2016, said: “It was a tough game for us today but at least we managed to equalise in a very important game.” Kingsley Coman deputised in attack for Kylian Mbappe, who left the squad with calf pain, while Karim Benzema and Raphael Varane were on the bench and replaced in the starting lineup by Anthony Martial and Kurt Zouma. France got off to a lively start but struggled to find a way past the hosts’ five-man defence and they lacked inspiration throughout. Antoine Griezmann had a first attempt on 27 minutes but it was Ukraine who had the first clear chance through Andriy Yarmolenko, whose strike forced Hugo Lloris into a superb save in the 35th. Martial also had an opportunity just before the break, but Shaparenko opened the scoring on the counter attack with a splendid curled shot into the top corner. Martial, however, levelled five minutes into the second half from close range after Coman’s cross was deflected by Adrien Rabiot’s header and bounced off a Ukraine defender. In the 63th minute, Moussa Diaby replaced Coman and Benzema came on for Martial. Both substitutes combined nicely in the box with 15 minutes left, but Diaby’s shot hit keeper Andriy Pyatov’s right-hand post. The visitors, who looked shaky against Ukraine’s quick counter attacks, had another chance in the 85th minute when Rabiot’s fierce, low 25-metre shot was saved by Pyatov. More on this topic Related Story Football: Croatia beat Slovakia with late Brozovic strike Related Story Football: Depay at the double as Dutch cruise to win over Montenegro
HONG KONG, Sep 2, 2021 - (ACN Newswire via SEAPRWire.com) - According to South China Morning Post, in the first half of 2021, the uncertainty of the COVID-19 threatened the global economic recovery, while China benefited from the good control of the epidemic situation, the economy continued to recover steadily, production and market demand continued to increase, many enterprises emerged from the impact of the epidemic and announced excellent interim results. Legend Holdings Corporation (3396.HK) is one of them that has attracted market attention. Legend Holdings announced interim results of the Company and its subsidiaries on August 31, it has made an outstanding performance with both revenue and net profit attributable to equity holders recorded a historical high level. Revenue stood at RMB 228.57 billion, representing a year-on year increase of 24%; net profit attributable to equity holders of the Company amounted to RMB 4.69 billion, representing a year-on year increase of 636%. Driven by the interim results, the share price of Legend Holdings increased 14.83% to HKD 14.4 yesterday, which fully shows that investors are optimistic about its development.The market is also concerned about the reason why Legend Holdings has achieved high growth. Mr. Li Peng, Executive Director and CEO of Legend Holdings, pointed out the answer, "Through effective management and value-added services, Legend Holdings consolidated and strengthened its business operation fundamentals, steadily developed its pillar assets, and enhanced its competitive advantages. Meanwhile, the Company adjusted its business strategy, seized the opportunity of China's high-quality economic development, and actively promoted the layout of the technology sector to achieve good performance growth, and various business optimization initiatives are steadily progressing. In addition, the Company's funds continued to perform well with the listing of many portfolio companies and the orderly implementation of various fundraising, investment, management and exiting work."During the first half of 2021, both strategic investments and financial investments segments demonstrated thriving performance. Net profit attributable to equity holders of the Company from strategic investments segment has out of red with approximately RMB3 billion climbs; net profit attributable to equity holders of the Company from financial investments segment soared 81% to approximately RMB2,558 million.Legend Holdings further strengthened its industrial operation capability and gained profit in all business sectors of strategic investments. For the IT segment, the net profit attributable to equity holders of Legend Holdings generated by Lenovo increased 172% year-on-year. For the advanced manufacturing and professional service segment, its revenue was up by 46% year-on-year to RMB 3,894 million, and net profit attributable to the equity holders of Legend Holdings increased by 108% year-on-year. Agriculture and Food segment benefited from the improvement of fruit and animal protein businesses, contributing a year-on-year increase of 9% to RMB 9,778 million in revenue, and the net profit attributable to equity holders of Legend Holdings was RMB 240 million. The adverse impact of the COVID-19 pandemic on innovative consumption and services has been largely offset, with the revenue rising by 103% year-on-year to RMB 533 million and net profit attributable to equity holders of Legend Holdings of RMB 67 million. Excluding the impact of the one-off loss from share dilution of Hankou Bank, and the disposal and impairment loss of Kaola Technology, the financial services segment recorded net profit attributable to the equity holders of Legend Holdings grew by 20% year-on-year.The interim results announcement clearly shows the good profits of the above segments, and through in-depth and specific analysis, we can find the enhancement of the competitiveness of Legend Holdings' pillar assets and optimization of asset portfolio. In line with the development trend, Legend Holdings further increased investment in the field of science and technology, adheres to the development path of science and technology leading, deepening innovation-driven, and strengthening industrial synergy to promote sustainable and high-quality development of the enterprise.Attributable to the global digital and intelligent transformation, Lenovo achieved long-term and sustainable profit growth, with revenue up 25% year-on-year to RMB 210.78 billion, and the net profit attributable to equity holders of Legend Holdings surged by 172% to RMB 1.54 billion. The personal computer business remained No.1 globally, and the non-pc business also showed strong growth. As the consensus "carbon neutrality" accelerates, Lenovo significantly exceeded its emission reduction target in 2019/20 fiscal year and strives to achieve zero carbon emissions by 2050.Notable highlights were RMB 548 million net profit from Levima Advanced Materials, a 131% increase on the corresponding period, and its market value also saw a significant increase. Meanwhile, it energetically plans for investment and merges and acquisitions, acquiring Levima (Shandong) Chemicals to further improve the industrial layout and enhance the sustainable profitability and stability; investing in Jiangxi Keyuan Bio-Material to cultivate new growth points in the field of biodegradable materials. Furthermore, the company's main plant economic and technological indicators were further optimized, continue to maintain a leading position in the industry.Banque Internationale a Luxembourg (BIL) displayed significant growth amid the epidemic in Europe. In the first half of 2021, its net profit increased by 18% year-on-year to approximately EUR 47 million, and the assets under management increased to EUR 45.5 billion with CET-1 ratio 13.18%. In response to the new post-epidemic environment, BIL will progressively advance its business in China by further reinforcing the connection among Luxembourg, Switzerland, and Hong Kong SAR and Beijing, China.Joyvio Group deepened its strategic layout and focused on the core businesses. Joy Wing Mau continued to improve the layout of the whole industrial chain of fruits and achieved rapid revenue growth by reinforcing the advantages in its supply chain and the core products strategy. As prices in the international market continue to rebound, Joyvio Food's salmon business gradually recovered. In 2020, Legend Holdings took its first strategic stake in Fullhan Microelectronics, laying out the semiconductors track, and as of June 30, 2021, Legend Holdings, as the largest shareholder, holds an aggregate of 15.91% equity in Fullhan Microelectronics through its subsidiaries. Legend Holdings will engage with the Fullhan Microelectronics management team for deeper cooperation to jointly promote the long-term development of Fullhan Microelectronics.In addition, Legend Holdings continued to exit non-core businesses to ensure a more focused business and accelerate cash and resources flow-back, bringing ample financial resources to future development in new sectors. In the first half of 2021, Legend Holdings determined an orderly exit strategy for Kaola Technology; some equities in investee enterprises from agriculture and food segment were sold.In the first half of 2021, low interest rates in the market provide a good opportunity for investment, and the capital market progressed strongly. Funds under Legend Holdings demonstrated outstanding results. More than 60 projects were fully or partially exited, contributing more than RMB 2 billion of cash flow.Legend Star managed eight funds with a size exceeding RMB 3.3 billion, investing in more than 300 domestic and overseas projects accumulatively. During the first half of 2021, Legend Star's total number of investment projects was over 20, it made follow-on investments in approximately 50 projects and exited 15 projects. As of June 30, 2021, the final closing of the 4th USD fund was completed as well as the first round closing of the biotechnology fund. Legend Capital managed a total of 28 funds, with a size of more than RMB 60 billion. As of June 30, 2021, the total amount raised by the funds was RMB 6,335 million. During the first half of 2021, Legend Capital accumulatively completed 20 new project investments, fully or partially exited 33 projects, bringing sound cash returning. As of June 30, in total, 90 of Legend Capital's portfolio companies went public (not including those listed on NEEQS). Hony Capital's businesses cover PE, real estate, public offering fund management, hedge fund, and venture capital. The AUM amounted to RMB 100 billion. It is also important to note that Legend Holdings has an in-depth understanding of the operation of the capital market, which coincides with the opportunity of a new round of capital market mechanism reform. As of June 30, 2021, 12 portfolio companies got listed, and at least 11 are promoting the IPO.Eastern Air Logistics was listed on the Shanghai Stock Exchange on June 9, which was the first civil aviation enterprise included in the first batch of domestic pilot enterprises under the mixed-ownership reform-making it a successful case of the "two-wheel-drive business model" of Legend Holdings. Chemclin Diagnostics Corporation, a project in the biomedical field invested by Zhengqi Holdings, was listed on April 9. Gocom Information Technology entered the capital market on June 28, becoming the first stock of industrial railway signal control and intelligent scheduling in China. In addition, Joy Wing Mau and Hankou Bank are orderly preparing IPO.In terms of financial investment, Keymed Biosciences, invested by Legend Star, issued its IPO in Hong Kong on July 8. Ten enterprises under the management of Legend Capital went public during the first half of 2021, such as CareRay Digital Medical Technology Co., Ltd., Beijing Kawin Technology Share-Holding Co., Ltd., NexImmune, Inc., and New Horizon Health Limited and so on. Besides, Dindong Shopping, invested by Hony Capital, issued its IPO during the first half of 2021.Legend Holdings and its three fund platforms have paid attention to and invested in the high-tech industry for a long time, accumulating considerable assets. More than 20 portfolio companies were included in the list of National "Little Giants with Specialties, Refined Products and Management, Unique Technologies, and Innovation" announced by the Ministry of Industry and Information Technology of the People's Republic of China (MIIT), such as Fullhan Microelectronics, Gocom Information Technology, QuantumCTek, Sansure Biotech, Hanshow Technology, MNCHIP, INST Magnets, Faith Long Crystal, LEADMICRO, Zonsen Biotech, CAXA, YUNJI Technology and so on. These companies will embrace a broad development space, as they feature remarkable results, high technology, and strong market competitiveness, and suit the trend of industrial upgrading in China. These developments are exactly in line with Mr. Ning Min's prospect and expectations for Legend Holdings in the future, Ning Min, Chairman, and Executive Director of Legend Holdings, said that, "In the first half of 2021, Legend Holdings grasped the new development pattern, and seized the historical opportunities given by the new era, made steady progress and breakthroughs, and achieved good results, which also laid a more solid foundation for the long-term development of the Company. In the meantime, the Company has always attached great importance to corporate social responsibilities from a strategic perspective, adhered to the mission of 'serving the country through industrial development', and upheld the concept of 'people orientation'. It is our first priority to develop our business in the direction adhered by the state, and to continue to promote win-win development of China's real economy, entrepreneurship and innovation through our own industrial accumulation and unique business model to create better economic and social benefits; the Company will pay constant attention to the environment and energy and support its subsidiaries to play a leading role in green energy conservation and environmental protection; and will continue to insist on social welfare investment." Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Aug 30, 2021 - (ACN Newswire via SEAPRWire.com) - EEKA Fashion Holdings Limited (Ticker: 3709.HK, "EEKA" or "the Group") announced unaudited consolidated interim results for the six months ending on 30 June 2021 ("the period").In the first half of 2021, the Group's revenue increased 53.7% year-on-year to RMB3.08 billion. Gross profit was RMB2.26 billion, representing an increase of 53.3%. The gross profit rate was 73.5%. Net profit increased by 134.2% to RMB280 million (net profit was RMB330 million excluding share award scheme fees).Operational SummaryDuring the period, the Group recorded strong revenue growth by improving the operations of its offline retail channels and online e-commerce platforms. In terms of offline sales, the Group leveraged its retail channels, and achieved sales of RMB2.44 billion from its 1,490 retail stores in the first half of 2021. As for online sales, the Group has enhanced the operation of multi-e-commerce platforms, with Tmall, VIP.com and EEKA Fashion Mall as the key sales drivers. The revenue of e-commerce platforms increased by 41.7% to RMB386 million during the period, and the proportion of the Group's total revenue is increasing steadily.Focusing on the multi-brand strategy, the Group continues to build its capabilities to operate the multi-brand platform, and strengthen the positioning of the premium brand through brand ambassadors. In the first half of 2021, the Group's eight major brands have shown rapid growth momentum: Koradior and NAERSI achieved revenue of over RMB1.8 billion, highlighting their strong market influence. NEXY.CO achieved sales of RMB388 million, approaching the Group's third retail brand target of over RMB1 billion. FUUNNY FEELIN showed robust growth potential with sales exceeding RMB50 million, and recorded a growth rate of over 500%.During the period, the Group enhanced its operational capabilities by driving supply chain integration and logistics warehouse concentration. The Group also actively promoted sustainable development, and joined "The Smart Coalition for Sustainability" with its eight major brands, to support the "Kind to Earth, Fashion for Future" sustainability initiative.OutlookMr. Jin Ming, Founder and CEO of EEKA Fashion, said "In the first half of 2021, global epidemic prevention and control has entered a normal phase, and China's economy is steadily recovering and showing strong resilience. As a result, the domestic high-end consumer goods market offers significant growth potential, and the domestic middle and high-end women's apparel market holds great growth opportunities. In line with EEKA's multi-brand strategy, we are committed to enhancing our core operational capabilities through innovative research and design, supply chain integration, digitalization, logistics warehouse concentration and channel optimization, to achieve exceptional market growth."In the second half of 2021, the Group will continue to enhance the brand's market influence and product innovation capabilities, accelerate the transformation of multi-channel operation and increase the sales growth of e-commerce platforms, deepen the combination of product R&D and supply chain, and build a digital system of the entire business chain. With the vision of "Just for her unique glamour", the Group will continue to focus on the multi-brand strategy, and create value for consumers in pursuit of a better life. The Group will commit to achieving the three-year cross-billion sales target, consolidating its leading position of middle and high-end women's apparel market in China.About EEKA FashionEEKA Fashion Holding Limited (Stock Code: 3709.HK) is a well-known fashion apparel group with a unique brand culture concept, advanced research and development design center, sound marketing service system, efficient logistics distribution and network management system. The Company has been deeply involved in China's high-end women's apparel industry since its establishment and was listed on the Hong Kong Main Board in 2014. The Group currently has eight self-owned brands: Koradior, La Koradior, Koradior elsewhere, NAERSI, NAERSILING, NEXY.CO, CADIDL and FUUNNY FEELLN. Over the years, EEKA Fashion Group has been strongly committed on brand internationalization. Since 2015 onwards, many of its brands have been invited to Milan Fashion Week and New York Fashion Week to show the charm of Chinese brands. The Group has always insisted that brand is the root and creativity is the soul, based on customer lifestyle research and brand culture shaping, in view of customer needs and the mission of "Just for her unique glamour", focusing on product innovation and brand communication, and continuing to lead customers' dress and life culture.This press release is issued by ICA Investor Relations (Asia) Limited on behalf of EEKA Fashion Holdings Limited. For any enquiries, please contact:ICA Investor Relations (Asia) Limited Tel: +86 (21) 8028-6033E-mail: eeka@icaasia.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Aug 27, 2021 - (ACN Newswire via SEAPRWire.com) - HTSC (stock code: 6886.HK; "the Company") announced its interim results for the six months ended June 30, 2021. The Company achieved RMB 24.62 billion in total revenue and other gains with a year-on-year increase of 29.75%. Profit for the period attributable to shareholders increased 21.32% to RMB 7.77 billion. The Company's deepening digital transformation and platformization have fostered a new business and development model, bolstering wealth management and institutional services and continuing to improve the comprehensive strength of the Company, delivering another set of financial result records for the first half of 2021.Platformization Brings Efficiency as Number of New Clients Hits 1.83 MillionWith the next wave of digital disruption and a new generation of investors at play, the Company implemented a linear organizational structure in tandem with its integrated platformization, to improve client services and asset allocation efficiency. As of June 30, 2021, the total number of clients reached 18.92 million, with total assets of client accounts exceeding RMB 5.2 trillion. The trading volume of stocks and funds in the first half of the year was RMB 18.04 trillion, ranking first in the industry . Focused on clients' needs and empowering investment advisors, the integration of ZhangLe Wealth, HTSC's flagship wealth management App, and the Company's cloud platform for investment advisory service, has been fruitful. The product-orientated and intelligent operations of the Company's wealth management have been widely recognized, with over 1.83 million new users registering on ZhangLe Wealth in the first half of 2021. HTSC's cloud platform for investment advisory service continues to empower investment advisors in their decision making, work efficiency, and client servicing capabilities. Huatai International, the Company's international business arm, continued to optimize its trading services on the ZhangLe Global App.According to data released by the Asset Management Association of China (AMAC), equity and mixed mutual funds and non-money-market mutual funds sold by HTSC were worth RMB 107.9 billion and RMB 112.6 billion in the second quarter of 2021, both ranking second in the securities industry, a testament to the Company's enhanced asset allocation services capability and optimized technology-driven sales platforms for its clients. In the first half of 2021, sales of financial products grew steadily, amounting to RMB 365.44 billion.Growth of funds advisory business accelerated the adoption of the new wealth management business model and by leveraging the digital and integrated platform, the synergy between the Company's headquarters, the front, middle and back offices have been fully realized. This integrated model has improved the Company's buy-side investment research and provided differentiated portfolio strategies and solutions for clients and investment advisors. In the first half of this year, the fund advisory business exhibited steady growth and remains an industry frontrunner. HTSC's US subsidiary AssetMark - a leading US turnkey asset management platform (TAMP) - also grew steadily, with total assets under management reaching USD 84.59 billion at the end of June 2021, an increase of about 13.52% over the end of 2020.Bond Business Breakthrough and Institutional Business Revenue Surges 40%Buoyed by the robust performance of trading and investment banking services, coupled with more than a 20% increase in institutional clients and 42% increase in overseas institutional clients in the first half of the year, HTSC's institutional business revenue grew 43.95% to RMB 6.51 billion year-on-year, accounting for 26.43% of the Company's total. In the first half of the year, the Company's principal underwriting for equities was RMB 68.99 billion, ranking third in the industry . Principal underwriting for bonds which focused on local government bonds and corporate bonds achieved breakthrough results, amounting to RMB 404.36 billion, up 75.84% year-on-year, ranking third in the industry . In the same period, the Company's overseas business remained resilient, sponsoring five Hong Kong IPOs, including that of China Youran Dairy Group, ranking second among Chinese securities firms; and two US IPOs including digital logistics firm Full Truck Alliance.HTSC retained a top spot in the STAR market, sponsoring 55 STAR Market listings and completing 27 listings in the first half of the year, ranking second in the industry . The Company also rekindled its connection with WingTech after participating in their goliath 2019 semiconductor M&A transaction, to issue RMB 8.6 billion in convertible bonds - the largest private refinancing project in Shanghai this year.The Company's investment trading business continued to optimize its asset pricing ability, production innovation and risk hedging capabilities, accelerating the adoption of a customer product, and risk management system used by domestic and international clients alike. The investment trading business saw overall improvements in profits, as evidenced by the industry-leading OTC derivatives and OTC options trading volume in the first half of 2021.The HTSC Connect App, developed for institutional clients and services, continues to innovate the user experience and galvanize the Company's competitive advantages in securities lending. As of the end of June, the balance of securities lending business was RMB 28.7 billion, up 694.66% year-on-year, to maintain 18.39% of the market share. HTSC has also strategically invested and entered into tactical commercial partnerships with various cutting-edge and highly promising cloud computing and AI companies, to perpetuate and further strengthen the Company's digital transformation and platformization. At present, the Company has strategically invested in 10 fintech companies, establishing a solid foundation for innovation, creation and further digital breakthroughs.Green Bond Leadership Testament to Global ESG EsteemHTSC's commitment to environment, social and governance (ESG) at an operational and business level are hallmarks of the Company and evidenced by the upgraded ESG rating of "A" from MSCI, ranking the top among its peer group. The Company's wholly-owned subsidiary, Huatai Securities (Shanghai) Asset Management Co., Ltd. has also become a signatory of the United Nations-supported Principles for Responsible Investment (UNPRI).HTSC has made a great contribution in supporting China's carbon peaking and neutrality pledge and continues to strive to better serve the green and low-carbon development of the real economy. In the first half of the year, the Company issued RMB 9.898 billion green corporate bonds (including asset securitization products), leapfrogging to first place in the industry. Furthermore, the Company has participated in numerous innovative industry-first energy conservation and carbon reduction projects, including the issuance of Shougang Green Energy, one of the first publicly offered infrastructure REITs, as well as the issuance of one of the first carbon neutrality bonds by China Energy Investment Corp.The Company's corporate philanthropic initiative "Yixin Huatai" deepened its work in protecting the Yangtze River basin ecology. Ahead of the UN Biodiversity Conference (COP 15) in Kunming, China, HTSC shared an active voice on the importance of biodiversity by hosting a live broadcast of its "Yixin Huatai - One Yangtze River" project during Earth Hour, as well as staging an art exhibition on biodiversity, which garnered over 2.66 million visits.For enquiries, please contact:Citigate Dewe RogersonBenny LiuTel: +86 10 6567 5056Linda PuiTel: +852 3103 0118Email: HTSC@citigatedewerogerson.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
SPA-FRANCORCHAMPS, BELGIUM (REUTERS) - Seven-times Formula One world champion Lewis Hamilton said both he and his Mercedes team would be in better shape for the second half of the season but the battle with Red Bull and Max Verstappen would be closer and tougher than ever. The Briton has an eight-point lead over his Dutch rival ahead of the Belgian Grand Prix, a race that starts the second phase and will have plenty of vocal Verstappen fans in attendance. "It's going to be close, it's going to be tough this second half of the season," said Hamilton, who could take a record-extending 100th win on Sunday. "The first half was definitely one of the toughest and I expect it's going to be pretty much the same in the second half, if not more difficult." The 36-year-old said he was excited to get back, had missed working with the team and being in the car and did not feel more wary of Verstappen's challenge. Verstappen has won five races to Hamilton's four so far this year and would be comfortably ahead but for collisions and misfortune that have left him with only five points from the past two races. "As we've got through the season they have got stronger and stronger," said Hamilton, whose team have won the last seven successive drivers' and constructors' world championships. "It's been harder for us as we have gone on, we had a bit of a difficult patch but we got back in terms of operating to how we have in the past. "We have definitely upped our game... I have no doubts that we will take another step forward in our processes and how we apply ourselves." Hamilton's health caused concern at the previous race in Hungary when he feared he might be feeling the effects of "long Covid" after testing positive for the virus in Bahrain last November. More on this topic Related Story Formula One: Verstappen aims to revive title bid as Hamilton eyes 100th win Related Story Motor racing: Hamilton's F1 lead confirmed as Aston Martin drop appeal He was reluctant to divulge personal health information on Thursday (Aug 26) but said he had spent the break ensuring he was in better shape and it was no longer a concern for him. Hamilton has won four times previously at Spa, the longest track on the calendar and one of the fastest, while Verstappen is seeking a first at what was a home circuit before the Dutch Grand Prix was reinstated. More on this topic Related Story Formula One: 'Dizzy' Hamilton may be suffering from long-Covid Related Story Formula One: Keep it clean, Brawn tells rivals, but the fuse is lit after Verstappen crash









