acn-newswire

[acn-newswire]

Shoucheng and IAT Join Forces to Drive 'Robotics + Automobiles'

HONG KONG, Aug 28, 2025 - (ACN Newswire) - Shoucheng Holdings Limited (0697.HK, hereinafter referred to as “Shoucheng Holdings”), Beijing Shoucheng Robotics Technology Industry Co., Ltd. (hereinafter referred to as “Shoucheng Robotics”), IAT Automobile Technology Co., Ltd. (300825.SZ, hereinafter referred to as “IAT”), and Beijing IATROBOT Technology Co., Ltd. (hereinafter referred to as “IATROBOT”) officially signed a strategic cooperation framework agreement.

The four parties will leverage their respective strengths to carry out comprehensive cooperation in technological innovation, application deployment, industry chain collaboration, and talent cultivation within the robotics sector, jointly accelerating the development of new business models in the “Robotics + Automobiles” field.

I. Industry Background: Robotics Entering the Acceleration Phase of Application Deployment

At present, the global robotics industry is in a stage of rapid development, with national strategies and policies being introduced intensively. On August 26, the State Council officially released the Opinions of the State Council on Deeply Implementing the “AI+” Initiative (Guo Fa [2025] No. 11), which explicitly calls for promoting the extensive and in-depth integration of artificial intelligence with various industries and fields across the economy and society, and accelerating the formation of new models of intelligent economy and intelligent society characterized by human-machine collaboration, cross-industry integration, and co-creation.

Under this national strategy, the robotics industry is shifting from “technological breakthroughs” to “application deployment.” Automobiles and robotics, as two highly complementary industries, are increasingly showing a trend of cross-sector integration. The cooperation between Shoucheng Holdings and IAT Group, under the dual drivers of favorable policy and strong market demand, will inject new momentum into robotics applications across key segments such as R&D, manufacturing, transportation, and mobility services.

IAT is a leading enterprise in China’s automotive design field and the only independent automotive design company listed on the A-share market. The company provides full-process services ranging from complete vehicle R&D and design to core component manufacturing, while pursuing a globalization strategy of “technology + supply chain.” According to public information, IAT has served more than 80 clients and participated in the development of nearly 500 vehicle models. Its clients include major OEMs such as FAW, Dongfeng, BAIC, Geely, emerging EV brands, as well as joint-venture automakers. This highlights IAT’s strong OEM resources and delivery capabilities across the automotive value chain.

At the same time, through its subsidiary — Beijing IATROBOT Technology Co., Ltd. — IAT has officially entered the robotics sector. IATROBOT is dedicated to building an integrated R&D, design, and simulation training platform, capable of supporting multi-scenario robotics development from simulation and testing to optimization. The company has already launched multiple R&D projects, including wheeled robots, underwater robots, drilling robots, and pet-care robots, demonstrating its potential in cross-scenario development and industry collaboration. The involvement of IATROBOT expands the scope of this cooperation beyond traditional automotive design, providing important support for the integration of robotics R&D, simulation, and automotive industrialization.

By partnering with IAT and IATROBOT, Shoucheng will be able to embed robotics technologies deeply into the core stages of the automotive value chain, such as vehicle manufacturing, intelligent assembly, and production line testing. This will enable robots to truly enter the production line and accelerate industrial adoption. This strategic cooperation is not merely a technological connection — it leverages IAT’s extensive OEM client network to move robotics scenarios from “next-door demonstrations” directly into the “factory workshop,” bridging the crucial pathway between R&D validation and scaled industrial delivery.

II. Key Areas of Cooperation: Balancing R&D Breakthroughs and Application Deployment

Guided by the State Council’s “AI+” Initiative, the four parties will anchor their collaboration on the full chain of “technology R&D — industrial application — ecosystem co-construction,” working together to drive industrial innovation. The cooperation will focus on the following areas to promote the deep integration of robotics and automobiles:

(1) Technological Innovation and Joint R&D

The four parties will jointly build an integrated robotics R&D and simulation platform, drawing on the comprehensive R&D system of the automotive industry. The focus will be on achieving breakthroughs in key areas such as motion control, structural optimization, automotive-grade components, and large-scale manufacturing. Leveraging NVIDIA Isaac/Omniverse technology, the parties will co-develop an integrated simulation training platform that not only supports simulation of robotics applications in automotive R&D, manufacturing, and testing, but also enables cross-scenario simulations such as collaborative operations between autonomous driving vehicles and logistics robots.

In addition, a mechanism for data and outcome sharing will be established: Shoucheng Holdings will provide operational data resources from transportation and mobility scenarios, while IAT will contribute expertise in automotive engineering and robotics R&D, together forming a complete closed loop spanning simulation — R&D — validation — production line application.

(2) Priority Procurement and Synergy Mechanism

Across R&D design, simulation training, complete machine and component supply, the four parties will adopt a priority procurement mechanism, under which signatories will be given preference as partners under equivalent conditions. Shoucheng Holdings and Shoucheng Robotics will focus on product promotion, distribution, and supporting services, while IAT and IATROBOT will concentrate on technology R&D, engineering validation, and customized whole-machine development.

The parties will also work together to advance secondary development of robotic systems, ensuring optimal adaptation of robotics products to scenarios such as automotive production lines, intelligent assembly, and line testing. Through division of labor and collaborative mechanisms, a complementary cycle of product supply — technological innovation — application feedback will be established, accelerating the conversion of results and enhancing commercialization efficiency.

(3) Talent Development

Leveraging the research and industrial platforms of Shoucheng, IAT, and their partners, the four parties will jointly carry out technological problem-solving, simulation training, and application pilots, providing researchers and engineers with cross-industry, cross-scenario practical environments. Regular technical seminars and industry forums will be held, inviting experts and upstream and downstream enterprises to participate, thereby establishing a joint talent development mechanism. This initiative aims to cultivate a new generation of young researchers with both automotive engineering backgrounds and practical experience in robotics industrialization, laying a solid talent foundation for long-term growth.

(4) Expanding Development Horizons

The four parties will closely align with national strategies for “AI+” and robotics industry development, with a focus on scaling up “Robotics + Automobiles” applications in R&D, manufacturing, testing, and mobility services. Building on this foundation, the cooperation will gradually extend into broader fields such as smart transportation, intelligent manufacturing, healthcare, education, and public services, covering the design, R&D, production, testing, and commercialization of robots and core components. At the same time, by integrating capital and industry, the parties will drive coordinated upgrades across the value chain, ultimately forming a full-cycle closed loop from R&D validation to large-scale application. This will create a demonstrative “Robotics + Automobiles” application matrix, achieving mutual benefits and long-term value creation.

III. Strategic Significance: Establishing a New Benchmark for Robotics Applications

The greatest value of the robotics industry lies in real-world applications, and “Robotics + Automobiles” stands out as one of the most promising and high-potential application directions. From complete vehicle R&D to intelligent manufacturing, from traffic scheduling to smart mobility, robots will create tremendous value across the entire automotive value chain.

Shoucheng Holdings, leveraging its capital platform, ecosystem resources, and industrial fund advantages, has invested in leading domestic enterprises such as Unitree Robotics, Galbot, Noetix Robotics, Galaxea-AI, and Booster Robotics, equipping it with the capability to integrate frontier technologies. Shoucheng Robotics has established collaborations with hundreds of high-quality upstream and downstream enterprises, making it one of the most comprehensive resource-linking platforms in China. IAT and IATROBOT, in turn, bring mature automotive engineering systems into robotics R&D and industrialization. Together, the combined strengths of both sides will form a complete pathway of “R&D — iteration — application — scale-up.”

By joining forces with IAT, Shoucheng will further integrate its scenario resources and industrial ecosystem with IAT’s expertise in vehicle R&D, engineering capabilities, and industrialization experience. Over the next one to two years, the cooperation will focus on the deep integration of “Robotics + Automobiles,” taking the lead in demonstrating large-scale applications across vehicle R&D, production and manufacturing, smart transportation, and mobility services. This will accelerate the transition of robotics from laboratories to industrialization and large-scale deployment, creating a demonstrative “Robotics + Automobiles” application matrix. At the same time, the cooperation will also look to the international market, bringing Chinese solutions to the global stage, fostering new quality productivity, and generating long-term value for shareholders.

Posted by All Way Success Company Limited for Shoucheng Holdings www.shouchengholdings.com [HKSE:0697, FRA:SHVA, OTCPK:SHNHF]

[acn-newswire]

Yuzhou Group Holdings Company Limited (01628.HK) Announced the Official Effectiveness of Offshore Debt Restructuring, Marking a Key Step Toward Steady Development

HONG KONG, Sep 2, 2025 - (ACN Newswire) - On August 29, Yuzhou Group Holdings Company Limited (01628.HK) announced that its offshore debt management and restructuring efforts, which spanned over three years, have yielded decisive results. The offshore restructuring has officially taken effect, marking a key step in improving the Company’s liquidity and optimizing its financial structure, laying a solid foundation for future robust operations.

Optimize Capital Structure, Enhance Financial Stability and Achieve Sustainable Development

After multiple rounds of negotiations, the final arrangement encompassed 15 senior notes, one perpetual bond, four secured notes, one syndicated loan, and one bilateral loan. As consideration for the restructuring, Yuzhou Group issued new bonds with an optimized structure, including short-term, medium-term, and long-term bonds. This arrangement significantly reduced financing costs, lowered the Group’s outstanding offshore debt, alleviated financial pressure, optimized its capital structure, and enhanced financial soundness and sustainability.

Gain Support from Shareholders and the Market, Consolidate the Interests of all Parties, and Work Together to Move Forward

As a key component of the plan, certain creditors will receive 5,645 million newly issued shares, representing approximately 37.94% of Yuzhou Group’s issued shares after the restructuring. This further solidified the shared interests of creditors and the Company. In addition, Yuzhou Group raised nearly HK$100 million through a rights issue to cover restructuring-related expenses and replenish working capital. The arrangement not only set a market precedent but also garnered a positive response from minority shareholders, reflecting strong recognition and confidence from shareholders and the market in both the rationale of the plan and the Group’s future development prospects.

The core objective of this restructuring plan was to adjust the scale of Yuzhou Group’s offshore debt to a reasonable level, restore the soundness and sustainability of the capital structure, and ensure the continued operation and healthy development of the business. At the same time, the plan aims to ease liquidity pressure, align the new repayment schedule with the operating environment of China’s real estate industry and the Group, and ensure the fair treatment and protection of all stakeholders’ rights, striving to maximize overall value.

Respond to Policy Calls, Fulfill Social Responsibilities, and Consolidate Corporate Value

Following the completion of the restructuring, Yuzhou Group will continue to respond to policy initiatives, fulfill its commitment to “guaranteeing housing delivery”, strengthen cash flow management, enhance internal revenue generation capabilities, and ensure stable business operations. Structural deleveraging measures are expected to help the Group achieve a long-term sustainable capital structure and reduce overall operational risks. The Company will steadily enhance its operating capacity and remain focused on creating value for all stakeholders.

Industry observers note that the completion of the restructuring not only relieves near-term financial pressure but also represents an important step for Yuzhou Group in pursuing long-term stability and growth amid the ongoing adjustment of China’s real estate sector.

[acn-newswire]

Radisson Continues to Expand Scope of Gold Mineralization at O'Brien with Latest Drill Results

Rouyn-Noranda, Quebec--(ACN Newswire - September 8, 2025) - Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Company") is pleased to announce assay results from fifteen new drill holes completed at its 100%-owned O'Brien Gold Project ("O'Brien" or the "Project") located in the Abitibi region of Québec. The fifteen holes represent step-outs below the existing geological model, east of the historic O'Brien Gold Mine (Figure 1) and are outside the scope of the recently completed Preliminary Economic Assessment ("PEA", see Radisson news release dated July 9, 2025). All holes intersected gold mineralization in characteristic quartz-sulphide-gold veins, and thirteen of the holes returned intercepts with grades and thicknesses consistent with the Project's existing mineral resources. These results continue to expand the scope of the Project's known gold mineralization. Highlights include:

OB-24-363 intersected 8.41 grams per tonne ("g/t") gold ("Au") over 2.2 metres, including 14.40 g/t Au over 1.2 metres and 9.07 g/t Au over 1.8 metres, including 12.10 g/t Au over 0.9 metres;

OB-24-354 intersected 7.95 g/t Au over 2.30 metres, including 14.85 g/t Au over 1.0 metre;

OB-24-364 intersected 12.75 g/t Au over 1.4 metres and 11.15 g/t Au over 1.50 metres;

OB-24-361 intersected 3.50 g/t Au over 5.0 metres, including 8.96 g/t Au over 1.28 metres, and 15.10 g/t Au over 1.0 metre; and

OB-25-371W1 intersected 5.66 g/t Au over 3.0 metres, including 9.97 g/t Au over 1.5 metres.

Matt Manson, President & CEO, commented: "Our ongoing drilling at the O'Brien Project is focussed on "proof-of-concept" step-outs designed to test the full scope of the Project beyond previous drilling. We recently released the latest results from drilling beneath the historic O'Brien gold mine where we have been delineating multiple high-grade gold-bearing veins over a large area up to 500 metres below the base of the historic workings. Today's news release shows results from drill holes located to the east of the historic mine, and below the existing mineral resources. Of note, several of the holes represent deep step-outs below our "Trend #2", pushing the scope of known mineralization downwards by up to 300 metres in this important area. Our Exploration Target at O'Brien is between 3 and 4 million ounces of gold in 15 to 20 million tonnes at between 4.5 and 8.0 g/t Au. This is based on the proposition that O'Brien's mesothermal gold mineralization continues to an exploration horizon of 2 kilometres depth. Today's results continue to support this thesis. With the recent completion of our high-value, but "snap-shot", PEA, our focus is on aggressive exploration and resource growth. Four rigs are currently active at the Project and drilling continues."

The reader is cautioned that the potential quantity and grade of an Exploration Target is conceptual in nature, there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Figure 1: Long Section and Plan View of Gold Vein Mineralization and Mineral Resources at the O'Brien Gold Project, with Today's Drill Holes Illustrated

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10977/265432_bb2e887f64ce98f8_001full.jpg

The O'Brien Gold Project Mineral Resource Estimate effective May 6, 2025 ("MRE") utilizes a 2.20 g/t Au bottom cutoff, a US$2,000 gold price, a minimum mining width of 1.2 metres, and a 40 g/t Au upper cap on composites. Intercepts presented in Table 1 are calculated with a 3.00 g/t Au bottom cut-off. True widths, based on depth of intercept and drill hole inclination, are estimated to be 30-80% of core length. Table 2 presents additional drill intercepts calculated with a 1.00 g/t bottom cut-off over a minimum 1.0 metre core length so as to illustrate the frequency and continuity of mineralized intervals within which high-grade gold veins at O'Brien are developed. Lithology Codes: PON-S3: Pontiac Sediments; V3-S, V3-N, V3-CEN: Basalt-South, North, Central; S1P, S3P: Conglomerate; POR-S, POR-N: Porphyry South, North; TX: Crystal Tuff; ZFLLC: Larder Lake-Cadillac Fault Zone.

O'Brien Mineral Resource Estimates

The Mineral Resource Estimate ("MRE") utilized in the recent O'Brien PEA comprises Indicated Mineral Resources of 0.58 million ounces (2.20 million tonnes at 8.2 g/t Au) and Inferred Mineral Resources of 0.93 million ounces (6.67 million tonnes at 4.4 g/t Au)1. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. This MRE, effective as of May 6, 2025, is based on the Project's March 2023 estimate re-blocked with an updated cut-off yielding more ounces and more tonnes at a lower average grade. As such, it is based on drilling completed only to the end of 2022. By the end of the current fully funded 50-60,000 drill program, an additional 90-100,000 metres of drilling will be available for an updated estimate, including a significant meterage of drilling outside the scope of the current MRE and the recent PEA mine design.

Gold Mineralization at O'Brien

Gold mineralizing quartz-sulphide veins at O'Brien occur within a thin band of interlayered mafic volcanic rocks, conglomerates, and porphyritic andesitic sills of the Piché Group occurring in contact with the east-west oriented Larder Lake-Cadillac Break ("LLCB"). Gold, along with pyrite and arsenopyrite, is typically associated with shearing and a pervasive biotite alteration, and developed within multiple Piché Group lithologies and, occasionally, the hanging-wall Pontiac and footwall Cadillac meta-sedimentary rocks.

As mapped at the historic O'Brien mine, and now replicated in the modern drilling, individual veins are generally narrow, ranging from several centimetres up to several metres in thickness. Multiple veins occur sub-parallel to each other, as well as sub-parallel to the Piché lithologies and the LLCB. Individual veins have well-established lateral continuity, with near-vertical, high-grade shoots developed over significant lengths. Based on the historic data available, it is clear that the former mine was "high-graded", with mining focussed on a main central stope and parallel veins identified but left undeveloped.

The historic O'Brien mine produced over half a million ounces of gold from such veins and shoots at an average grade exceeding 15 g/t Au and over a vertical extent of at least 1,000 metres. Modern exploration has focussed on delineating well developed vein mineralization to the east of the historic mine, with additional high-grade shoots becoming evident in the exploration data over what has been described as a series of repeating trends ("Trend #s 0 to 5").

Step-Out Drilling at O'Brien

Since the end of 2024, Radisson has been pursuing a program of broad step-outs beneath the historic O'Brien Gold mine and the existing mineral resources designed to test the scope of mineralization at the Project. This drilling is accomplished with pilot holes followed by wedges and directional drilling to maximize drill efficiency. A particular focus has been the delineation of multiple high-grade veins beneath the historic mine workings of the O'Brien mine with a series of wedge-extensions drilled from the pilot hole OB-24-337, which intersected 242.0 g/t Au over 1.0 metre within a mineralized interval that averaged 31.24 g/t Au over 8.0 metres at approximately 1,500 metres vertical depth. Assay results from a total of 7 wedges from OB-24-337 have now been reported and up to six gold-bearing veins have been delineated over an area of approximately 250 metres (east-west) by 250 metres (vertical). These veins appear to correspond to veins mapped at the base of the historic mine at 1,000 metres deep, approximately 300 to 500 metres above the new intercepts (see Radisson news release dated July 16, 2025). Current drilling in this area is focussed on infilling with pilot holes and wedge extensions both above and below the OB-24-337 pattern of branches to test the full continuity of mineralisation from the historic mine down to 2 kilometres depth.

Step-out drilling with wedge extensions has also confirmed high-grade mineralization 170 metres below the base of the existing mineral resources at Trend #1, including pilot hole OB-24-324 which intersected 27.61 g/t Au over 6.0 metres (see Radisson news release dated October 30, 2024).

Today's results include pilot holes and wedges with high-grade mineralization located up to 300 metres below previous drill intercepts at Trend #2 and showing good continuity with the mineral resource model above (Figure 2). These drill holes include OB-24-363 which intersected 8.41 g/t Au over 2.20 metres including 14.40 g/t Au over 1.20 metres and 9.07 g/t Au over 1.80 metres including 12.10 g/t Au over 0.90 metres. Three separate drill-holes were located at or close to the base of the existing mineral resources at Trend #3, including OB-24-361 which intersected 15.10 g/t Au over 1 metre and 3.50 g/t Au over 5.0 metres including 8.96 g/t Au over 1.28 metres. These new drill intercepts extend the scope of known gold mineralization at O'Brien, which remains open to depth along the full 5 kilometre length of the property.

QA/QC

All drill cores in this campaign are NQ in size. Assays were completed on sawn half-cores, with the second half kept for future reference. The samples were analyzed using standard fire assay procedures with Atomic Absorption (AA) finish at ALS Laboratory Ltd, in Val-d'Or, Quebec. Samples yielding a grade higher than 10 g/t Au were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Mineralized zones containing visible gold were analyzed with metallic sieve procedure. Standard reference materials, blank samples and duplicates were inserted prior to shipment for quality assurance and quality control (QA/QC) program.

Qualified Persons 

Disclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, P.Geo, (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Luke Evans, M.Sc., P.Eng., ing, of SLR Consulting (Canada) Ltd., is the Qualified Person responsible for the preparation of the MRE at O'Brien. Each of Mr. Nieminen and Mr. Evans is independent of Radisson and the O'Brien Gold Project.

About Radisson Mining

Radisson is a gold exploration company focused on its 100% owned O'Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. A July 2025 Preliminary Economic Assessment described a low cost and high value project with an 11-year mine life and significant upside potential based on the use of existing regional infrastructure. Indicated Mineral Resources are estimated at 0.58 million ounces (2.20 million tonnes at 8.2 g/t Au), with additional Inferred Mineral Resources estimated at 0.93 million ounces (6.67 million tonnes at 4.4 g/t Au). Please see the NI 43-101 "O'Brien Gold Project Technical Report and Preliminary Economic Assessment, Québec, Canada" effective June 27, 2025, and other filings made with Canadian securities regulatory authorities available at www.sedarplus.ca for further details and assumptions relating to the O'Brien Gold Project.

Read more: https://www.acnnewswire.com/press-release/english/102457/

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European Dairy Exports from Ireland to Asia Top EUR440 Million in 2024 as Ireland Launches EUR3.2 Million EU Campaign to Strengthen Partnerships

Grass-fed provenance and advanced R&D connect European dairy from Ireland with Singapore’s food innovation ecosystem and regional HQs

SINGAPORE, Sept 8, 2025 - (ACN Newswire) - Building on the success of the European dairy exports from Ireland to Asia, which exceeded €440 million in 2024, the European Union and Ireland today launched the “European Dairy – Ireland, Where Nature Meets Science” campaign. This €3.2 million co-funded investment aims to strengthen Asia’s nutrition pipeline and foster long-term trade partnerships. Positioning Singapore as the regional hub, the three-year project running until 2028 will focus on building supply resilience, and driving new partnerships across Singapore, China, and Vietnam.  

Singapore stands at the heart of Asia’s food innovation and trade ecosystem. Its world-class safety standards, research infrastructure, and regional influence empower European dairy to meet Asia’s demand for sustainable, traceable, and science-driven ingredients in a volatile global market.  

Her Excellency Sarah McGrath, Ambassador of Ireland to Singapore, said,“This campaign is a symbol of Ireland’s commitment to strengthening the bridges between Europe and Asia. By launching in Singapore, we are reinforcing not only a vital trade relationship but also our shared pursuit of innovation, research, and sustainable development in food. Ireland’s expertise in science-driven agriculture, combined with Asia’s leadership in food innovation, creates an opportunity to deepen trust and collaboration across sectors. This initiative reflects the spirit of partnership that will define the future of our cultural and economic ties.”

Driving this mission is Bord Bia - the Irish Food Board, which champions the national and international growth of Ireland’s food, drink, and horticulture sectors. With a strategic network of offices across Europe, the Middle East, Africa, the United States, and Asia (Singapore, Shanghai, Tokyo), Bord Bia connects European producers from Ireland with priority partners in these key markets, strengthening trade links and fostering long-term collaboration.

Lisa Phelan, Director for Southeast Asia and Australia and New Zealand at Bord Bia, explained, "Ireland’s grass-fed, sustainably produced dairy, supported by Origin Green, our pioneering national food and drink sustainability programme, brings provenance, quality, and science-driven innovation - but we cannot achieve impact alone. By collaborating with Singapore, which combines technological expertise, research capabilities, and regional market knowledge, we can secure Asia’s nutrition future with dairy that is trusted, traceable, and future-ready. This campaign exemplifies how Europe’s strengths and Asia’s innovation ecosystem can come together to drive sustainable, long-term food solutions."

Europe’s Flagship for Sustainable Dairy - Ireland

In Europe, Ireland leads in sustainable dairy production, combining grass-fed farming at scale with advanced science and research and development. Key credentials include:

90% of herds are grass-fed, unique globally at this scale.

95% of processors are enrolled in Origin Green, the independently verified sustainability programme.

Ranked second globally in the Food Security Index, underscoring safety and reliability.

Home to the Dairy Processing Technology Centre, developing functional ingredients for infant formula, medical nutrition, and food innovation.

The campaign aims to: 

Reaffirm European Dairy’s reputation as high-quality dairy suppliers 2. Provide traceable, science-driven ingredients 3. Connect Singaporean firms with European Union innovation pipelines For more information, visit https://european-dairy.eu.  Media Contact: Wani Diwarkar E: wani@prbespoke.com

[acn-newswire]

Everest Medicines Announces 2025 Interim Results: 'Dual-Engine' Strategy Driving Strong Synergies Between Commercialization and R&D

HONG KONG, Sep 1, 2025 - (ACN Newswire) - On August 29, Everest Medicines (1952.HK) announced its interim results for the six months ended June 30, 2025. The Company’s total revenue for the first half of 2025 reached RMB 446 million, representing 48% year-over-year growth, while operating expenses as a percentage of revenue decreased by 40.1 percentage points, reflecting strong operational efficiency. Non-IFRS loss narrowed by 31%, and gross margin excluding non-cash items was 76.4%. As of the end of June, the Company maintained a solid cash balance of RMB 1.6 billion. Additionally, with the successful completion of a share placement on August 1, which generated net proceeds of HK$1.553 billion, Everest’s total cash position increased further, providing a strong foundation for commercialization expansion and R&D investment. Supported by the excellent performance of its core products, Everest remains confident in achieving its full-year revenue guidance of RMB 1.6 to 1.8 billion and expects to turn operating cash flow positive in Q4.

BOCOM International released its latest report today, noting that the strong sales performance of Everest Medicines’ Nefecon(R) far exceeded expectations. The institution significantly raised its revenue forecasts for 2026–2027 and lifted its target price to HK$84. The report highlighted a rich pipeline of catalysts from the second half of 2025 through 2026, including the approval, commercialization, and reimbursement negotiations of etrasimod in China, as well as potential BD opportunities for the Company’s proprietary pipeline. BOCOM International believes the current valuation remains attractive and reiterated its “Buy” rating.

“In the first half of 2025, Everest Medicines accelerated its transformation into a leading global biopharmaceutical company by deepening our ‘dual-engine’ strategy. We have built a commercialization platform anchored by two blockbusters covering high-potential markets and powered by the in-house discovery and clinical translation of in vivo CAR-T and mRNA therapeutic cancer vaccine platforms.” said Rogers Yongqing Luo, Chief Executive Officer of Everest Medicines.

Core Products Deliver Strong Growth, Driving Commercial Platform Momentum

NEFECON(R), the blockbuster product in the renal portfolio, delivered particularly strong performance. As the first and only fully approved etiological treatment for IgA nephropathy (IgAN) in China, the United States, and Europe, NEFECON(R) generated revenue of RMB 303 million in the first half of 2025, representing 81% year-over-year growth. However, our first half revenue was artificially low due to a supply constraint that was rooted in both strong market demand and a delay in regulatory approval of a supplemental application for production scale up designed to ensure supply stability. This has been fully resolved since our supplemental application was approved by the China CDE on Aug 1, 2025. Following the supplemental application was approved by the China CDE in August, supply capacity increased significantly. Cumulative sales from January to August reached RMB 825 million, including RMB 520 million in August alone, reflecting strong market demand. Full-year sales are expected to reach RMB 1.2–1.4 billion, with continued strong growth projected in 2026, potentially reaching RMB 2.4–2.6 billion.

Another Core product XERAVA(R), As the world’s first fluorocycline antibiotic recorded RMB 143 million in the first half of 2025, up 6% year-over-year. In-hospital sales increased 37% year-over-year, driven by Everest’s core hospital strategy.

Additionally, VELSIPITY(R) (etrasimod), a best-in-disease therapy for moderately to severely active ulcerative colitis (UC), is positioned as Everest’s next growth engine, with its NDA in mainland China expected to be approved in the first half of 2026. The localized production project for VELSIPITY(R) was officially launched at the Jiashan manufacturing site in March 2025, providing strong support for its future commercialization.

Global Proprietary Pipeline Value Emerging，Strong Prospects for Blockbuster Potential 

Everest continues to focus on achieving key breakthroughs in its proprietary pipeline, while accelerating the clinical development and global expansion of innovative assets with global rights. EVER001 (civorebrutinib), the next-generation covalent reversible BTK inhibitor, has delivered encouraging Phase 1b/2a clinical data in primary membranous nephropathy (pMN). With potential applications in IgAN, minimal change disease (MCD), and FSGS, covering a patient population of more than 10 million worldwide, EVER001 represents a significant market opportunity, with projected global peak sales exceeding RMB 10 billion. A global Phase II basket trial is expected to be initiated in the first half of 2026.

Leveraging its industry-leading mRNA therapeutic cancer vaccine platform and in vivo CAR-T platform, the Company is building a globally competitive R&D pipeline. EVM18, the in vivo CAR-T program, has completed multiple non-human primate (NHP) trials and achieved preclinical proof-of-concept, with first-in-human data expected by the end of 2025. EVM16, the personalized therapeutic mRNA cancer vaccine, has initiated its first-in-human trial in China, with patient dosing completed. In the investigator-initiated trial (IIT), dose escalation in the low- and mid-dose cohorts has been completed, with encouraging preliminary data observed. EVM14, an off-the-shelf tumor-associated antigen (TAA) vaccine, has received IND approval from the U.S. FDA and acceptance from China’s NMPA. The Phase I trial in the U.S. is currently underway, with first patient enrollment expected by September 2025. EVM15, the immune-modulatory cancer vaccine, has completed preclinical proof-of-concept and identified its clinical candidate.

Strategic Repositioning to Bolster Global Competitiveness

During the reporting period, the Hong Kong Stock Exchange approved the removal of the “B” marker from Everest’s stock short name, reflecting recognition of the Company’s strong R&D pipeline, commercialization capabilities, and overall business fundamentals. In addition to the successful top-up placement, Everest invested approximately US$30.9 million in I-Mab (Nasdaq: IMAB) in August 2025. Following the transaction, Everest increased its ownership in I-Mab to approximately 16.1%, becoming its single largest shareholder, further strengthening its global presence in next-generation immuno-oncology therapies.

Analysts noted that Everest’s “dual-engine” strategy is rapidly delivering results. On the one hand, the Company’s powerful commercial platform—anchored by NEFECON(R) and VELSIPITY(R) and supported by XERAVA(R), Cefepime-taniborbactam, EVER001, and other high-potential assets—is expected to generate synergies with total peak sales exceeding RMB 25 billion globally. On the other hand, Everest’s in vivo CAR-T and mRNA therapeutic cancer vaccine platforms provide significant long-term growth potential through global development and partnership opportunities.

[acn-newswire]

Haitian Flavouring Interim Results Shine: All-encompassing Culinary Solutions Drive Sustainable Growth

HONG KONG, Sep 2, 2025 - (ACN Newswire) - Foshan Haitian Flavouring and Food Company Ltd., (3288.HK, 603288.SH) a leading player in the condiment industry, has consistently deepened its expertise in the sector while continuously exploring all-encompassing culinary solutions. The company delivered solid interim results with both revenue and profit showing growth, further consolidating its leading position in the market.

Highlights:

- Revenue reached RMB15.23 billion in the first half of the year, up 7.6% year-on-year - Net profit reached RMB3.91 billion, up 13.3% year-on-year - The exploration of all-encompassing culinary solutions injected strong momentum for future growth

Despite a sluggish consumer market and ongoing pressure on retail in mainland China in recent years, coupled with intensified competition and evolving consumer demands in the condiment industry, Foshan Haitian Flavouring and Food Company Ltd. (3288.HK, 603288.SH), a leading Chinese condiment producer listed in Hong Kong this year, has delivered a robust set of interim results. The company reported an increase of 7.6% in revenue to RMB15.23 billion, while net profit attributable to owners of the listed company rose 13.3% to RMB3.91 billion, demonstrating its resilience and steady growth. Supported by the strong operating performance, the company has declared an interim dividend of RMB2.6 per 10 shares held to reward its shareholders.

Specifically, all four of Haitian Flavouring’s core business segments reported growth: Revenue from soy sauce products increased by 9.1% year-on-year to RMB7.93 billion; revenue from oyster sauce products reached RMB2.5 billion, up 7.7% year-on-year; revenue from seasoning sauce products rose 12% year-on-year to RMB1.63 billion; revenue from specialty condiments and other products recorded a significant increase of 16.7% to RMB2.51 billion. Haitian’s strong performance amid market headwinds can be attributed to its multi-dimensional competitive strengths and the strengthening of its brand moat.

A Century of Accumulation Builds a Robust Brand Moat

Haitian Favouring is a century-old Chinese condiment brand with origins tracing back to ancient soy sauce factories in Foshan during the Wanli period of the Ming Dynasty — a history spanning over 400 years. The company established the Haitian Seasoning Factory in 1955, listed on the Shanghai Stock Exchange in 2014, and expanded to the Hong Kong Stock Exchange in 2025, embarking on a new chapter with dual capital platforms in both A-share and H-share markets.

After years of development, Haitian has solidified its leading position in the mainland condiment market. It has been the largest condiment company in China for 28 consecutive years in terms of sales volume. The soy sauce and oyster sauce products consistently hold the number one positions, while flavored sauce, vinegar, and cooking wine products achieved leading market positions in China. The brand is deeply rooted in the hearts of consumers and has become a household name in China. This long-term accumulation has built a robust brand moat for the company.

Of course, Haitian’s sustained industry leadership is closely tied to its continuous investment in technology, ensuring consistently high product quality. In 2024, the company invested RMB840 million in R&D, with a cumulative investment of over RMB5,900 million in the past decade. Haitian now holds more than 1,000 authorized patents. Earlier this year, it was recognized as a “Lighthouse Factory” by the World Economic Forum (WEF) for five globally leading intelligent brewing technologies, becoming the world’s first soy sauce brewing manufacturer to receive this designation. These achievements not only guarantee the quality and safety of Haitian’s products but also enhance their market competitiveness, providing solid technical support for the company’s ongoing exploration of all-encompassing culinary solutions.

Proactively Developing New Flavors and Advancing All-encompassing Culinary Solutions to Cater to Consumption Upgrading

While consolidating its core product categories, Haitian has adhered to its strategic positioning of "all-encompassing culinary solutions", accurately capturing domestic market opportunities and actively developing specialty condiments. The company has launched products such as salad dressing, spicy liquid seasoning, chicken essence and chicken broth, etc., aiming to provide comprehensive product offerings for all kitchen and dining table seasoning needs. This effort continues to enhance its influence in the seasoning segment, diversify revenue streams, and drive sustainable growth.

In terms of vinegar products, Haitian has innovatively developed rice vinegar categories such as white rice vinegar, black rice vinegar and fresh rice vinegar, as well as specialty vinegars such as apple cider vinegar and glutinous rice sweet vinegar, and actively laid out in niche segments like organic vinegar. In terms of cooking wine products, Haitian has introduced products like Haday Old Technique Cooking Wine, Haday Old Technique Cooking Wine with Ginger and Scallion, etc., forming a multi-tiered portfolio that includes the basic series, the organic series and the time-honored series to enrich consumer choice.

In response to consumer demand for green, healthy, and diverse multi-scenario options, Haitian has actively developed specialty condiments. In the first half of 2025, the company launched products aligned with health and nutrition trends, such as organic, light-salt, and gluten-free series. It also introduced "dishes with just one sauce (一æ±'æˆ'è'œ)" product lines including salad dressings, seafood dipping sauces, and sour and spicy salad dressing, continually meeting consumers’ pursuit of convenience while enhancing its influence in the seasoning segment.

Building a Premium Supply Chain System to Reinforce Competitive Moat

Building on its scale advantages, Haitian has continuously strengthened its supply chain management, focusing on “quality, efficiency, and cost” to build a premium supply chain system that further consolidates its industry leadership.

In supply chain operations, Haitian adheres to the philosophy of “good ingredients produce good products” by strictly controlling raw material quality. Leveraging digital tools to drive the digital transformation of its supply chain, optimize resource allocation, and enhance flexible production capabilities. Its Gaoming Factory has become an industry benchmark, recognized for its advanced intelligent manufacturing and highly efficient operational model. By integrating intelligent technologies and operational excellence, Haitian ensures consistent product quality while achieving efficiency and cost advantages, enabling it to provide users with high-quality and cost-effective products.

Furthermore, Haitian actively promotes green development across the entire industry chain. In July of this year, as a core “chain leader” enterprise, the company initiated the industry’s first all-chain carbon reduction alliance— advancing the establishment of a green supply chain ecosystem and leading the low-carbon transition in the condiment industry.

Current Price Offers Value Opportunity

In summary, Haitian has a solid operational foundation and remains committed to strengthening its core businesses. Its premium supply chain system further amplifies economies of scale, creating competitive barriers in both quality and efficiency, thereby enhancing overall competitiveness.

At the same time, guided by a user-centric philosophy, the company continues to enrich its product portfolio and develop all-encompassing culinary solutions, opening up new growth opportunities. Furthermore, its listing in Hong Kong will help advance its global expansion strategy. As an industry leader with revenue and profitability far exceeding industry averages, Haitian still possesses room for valuation expansion. With the gradual realization of the advantages brought by its dual capital platform structure (“A + H”), the company’s future growth potential remains promising.

[acn-newswire]

Black Spade suggests greater focus on digital assets in family offices asset allocations

HONG KONG, Sep 1, 2025 - (ACN Newswire) - Black Spade Capital Limited (“Black Spade”) recently held a private meeting with Ark Invest.

Mr. Dennis Tam, President and CEO of Black Spade, met with Ms. Catherine Wood, CEO and CIO of Ark Invest, to discuss key trends in AI, robotics, blockchain applications, energy storage, and cellular sequencing. 

Ms. Wood expressed optimism about AI and robotics, noting these technologies will not just displace jobs but also create new opportunities. She highlighted the potential of blockchain and space exploration, emphasizing that the world is advancing toward a more innovative and interconnected future. 

Mr. Tam advised family offices to focus on digital assets, AI, and robotics-focused funds, stocks, and ETFs, as these sectors are set to drive global economic growth. He explained that industries integrating these innovations will see significant productivity gains, boosting competitiveness in a fast-paced market. He encouraged family offices to adjust their asset allocations based on risk tolerance and invest in these emerging fields to support development and pursue higher returns. 

Ms. Wood predicted strong growth in cryptocurrencies, forecasting Bitcoin could reach USD 1.5 million and Ethereum USD 166,000 around 2030. She expressed confidence in the long-term potential of digital assets. Mr. Tam added that digital assets are becoming a mainstream asset class, with growing adoption by banks and government institutions creating strong momentum. 

In summary, Black Spade Capital urges family offices to act swiftly by investing in funds, stocks, and ETFs linked to AI, robotics, and digital assets. These sectors will drive economic and technological development, improve efficiency in traditional industries, and offer significant returns, positioning investors at the forefront of the next technological revolution.

Photo caption:

From the left: Mr. Dennis Tam, President and CEO of Black Spade and Ms. Catherine Wood, CEO and CIO of Ark Invest

About Black Spade Capital Limited

Black Spade Capital Limited is an established family office that manages the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade’s investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments. In August 2023, Black Spade Acquisition Co, a blank check company (SPAC) sponsored by Black Spade, completed a US$23 billion business combination with VinFast Auto Ltd. In 2024, Black Spade listed its second SPAC, Black Spade Acquisition II Co, which completed a business combination with global media and entertainment powerhouse The Generation Essentials Group in about 9 months in June 2025.

Media Enquiries: Strategic Financial Relations Limited      Vicky Lee Tel: +852 2864 4834 Email: vicky.lee@sprg.com.hk

Iris Au Yeung Tel: +852 2114 4913 Email: iris.auyeung@sprg.com.hk Website: www.sprg.com.hk

[acn-newswire]

Shoucheng Interim Results: Revenue +36%, Asset Finance +69%, Robot Focus

HONG KONG, Aug 31, 2025 - (ACN Newswire) - Hong Kong-listed Shoucheng Holdings Limited (0697.HK) released its interim results for 2025. Driven by its dual-engine strategy of “Asset Operations + Asset Finance,” the company delivered a balanced performance combining steady growth with forward-looking strategic initiatives: first-half revenue reached HK$731 million, up 36% year-on-year; net profit attributable to shareholders was HK$339 million, up 30%; and gross profit stood at HK$295 million, up 26%.

Meanwhile, the company continued its high-dividend tradition. According to the public roadshow on August 31, Shoucheng is expected to distribute a total dividend of HK$1.159 billion for FY2025, with a dividend yield of nearly 8%, ranking among the highest in the Hong Kong market. In addition, more than 40 million shares have been repurchased. Financially, Shoucheng holds over HK$8 billion in cash, has fully repaid all bank loans to reduce financing costs, and maintains a gearing ratio of just 7.9%. With its robust capital structure, the company has a solid safety cushion and strong capacity to capture new investment opportunities under current market conditions.

I. Solid Financials and Strong Shareholder Returns

In the first half of 2025, Shoucheng maintained steady growth in both revenue and profit while continuously strengthening its capital structure. Total assets reached HK$14.35 billion, and the company has maintained its AAA credit rating for three consecutive years from China Chengxin International and United Credit Ratings.

Kang Yu, General Manager of Shoucheng’s Board Office, noted in an interview:

“We aim not only to create long-term growth potential for our shareholders—Shoucheng’s businesses are at their best stage in history, and we are just setting sail—but also to ensure certainty of shareholder returns. This year alone, dividends have already reached nearly HK$1.2 billion, and continuous share buybacks highlight management’s firm confidence in Shoucheng’s long-term prospects.”

The company’s high-dividend and buyback policy reflects a long-term win-win commitment to investors.

Notably, the company’s asset finance business delivered outstanding performance, with first-half revenue reaching HK$220 million, a surge of 69% year-on-year, making it a key growth engine driving overall results. Through the establishment of a RMB10 billion Infrastructure Real Estate Equity Investment Stabilization Fund in partnership with China Life, Shoucheng Holdings has continued to deepen its presence in the REITs market, growing into one of the largest industrial investors in the country. The company has successively completed strategic allotment investments in Nanfang Range / Wanguo Data Center REIT, Sunlon REIT, and Huadian Clean Energy REIT, covering key areas such as data centers and clean energy. This has enabled Shoucheng to build a systematic layout across all types of infrastructure assets and establish a complete closed-loop capability from fund investment to asset exit.

At the same time, Shoucheng Holdings has also achieved remarkable results in equity investments. Through its multiple industrial funds, the company has invested in leading robotics firms including Unitree, Galbot, Galaxea-AI, X Square Robot, Noetix Robotics, Booster Robotics, and Narwhal Robotics. Previously, Shoucheng secured outstanding results from investments in Li Auto, Horizon Robotics, Zhaogang.com, StarVision, and Silan Microelectronics. Its equity funds had already achieved more than three times book returns earlier this year, delivering impressive exit proceeds. These success stories validate Shoucheng’s forward-looking investment vision in industrial research and also set a solid benchmark for expected returns from its future robotics investments.

Kang Yu, General Manager of the Board Office, commented: “We believe that as the robotics industry enters the stage of scaled deployment, the leading companies invested by Shoucheng will deliver higher capital returns and strategic value for the Group.”

II. Accelerating the Robotics Strategy: Building the Full Industrial Value Chain

If the financial data demonstrates Shoucheng Holdings’ solid fundamentals, then its robotics business represents the company’s most imaginative growth trajectory for the future. As one of the first listed companies in China to systematically invest in the robotics sector, Shoucheng is accelerating its transformation from a pure investor into a full-chain service provider.

Through the RMB10 billion Beijing Robotics Industry Development Investment Fund and its affiliated funds, the company has invested in dozens of leading enterprises such as Unitree, Galbot, Noetix Robotics, Galaxea-AI, and Booster Robotics, covering humanoid robots, core components, and other critical fields. This investment matrix has firmly positioned Shoucheng Holdings at the forefront of the embodied intelligence industry.

Notably, the company has also strengthened its presence in the upstream of the robotics value chain. Recently, Shoucheng announced the establishment of Shoucheng Robotics Advanced Materials Industrial Co., Ltd. through its wholly owned subsidiary Shouwo Investment, focusing on advanced materials such as electronic skin, tendon cables, and lightweight PEEK composites. This initiative not only fills critical gaps in the value chain but also enhances the technological performance of portfolio companies in tactile sensing, flexible control, and lightweight design, further improving the full-chain ecosystem represented by humanoid robots.

On the application side, the company is driving robotics into real production and everyday life scenarios. Its wholly owned subsidiary, Beijing Shoucheng Robotics Technology Industrial Co., Ltd., is deploying robotics across multiple dimensions. By providing sales agency, leasing, and secondary development services, the company is creating a “Didi-style” supply-demand platform for the robotics sector, facilitating efficient collaboration across the industry chain. Kang Yu noted that Shoucheng will further build a robotics application platform, positioning itself as a comprehensive solutions provider. Acting as a “chain leader,” the company will integrate industry resources, centralize procurement of high-quality products from ecosystem partners, and expand from B2B to B2C and C-end markets, fully unlocking the potential of robotics applications while delivering strong returns to shareholders.

Shoucheng’s robotics industrialization strategy has already shown early results. Its strategic cooperation with IAT Automobile Technology Co., Ltd. means robots will be deeply integrated into automotive production lines, intelligent testing, and electrification processes, driving “Robotics + Automobiles” cross-sector synergies. In smart mobility, the Chengdu ICD autonomous charging station co-developed with Wanxun Technology has already been put into operation, enabling large-scale robotic applications in new energy vehicle services. In healthcare, Peking University Shougang Hospital has introduced the SurRui surgical robot developed by a partner within Shoucheng’s robotics ecosystem, marking an accelerated path toward commercialization of domestic surgical robots and breakthroughs in high-end medical equipment.

In August this year, at the inaugural World Humanoid Robot Games held in Beijing, multiple companies invested by Shoucheng Holdings made a collective appearance, winning 37 medals (including 12 gold, 14 silver, and 11 bronze). This fully showcased the rapid progress of Chinese robotics companies in motion control and intelligent interaction. At the same time, the company launched the “Shoucheng Robotics Experience Store” outside the “Ice Ribbon” venue, which became one of the most popular exhibition areas during the event. The store not only displayed humanoid and service robots to the public but also provided interactive experiences, helping robots move from professional arenas into everyday life.

Looking further ahead, Shoucheng Holdings is exploring the “Robotics 4S Store” model, with plans to create a retail service system that integrates exhibition, sales, maintenance, and customer experience. Kang Yu noted:

“At this year’s robot games, our 200-square-meter pop-up store alone generated over RMB 30,000 in daily sales, which strongly reflects public enthusiasm and expectations for robotics applications. Just like new energy vehicles once required 4S channels to popularize, robots will also need service networks to truly enter thousands of households. In the future, we hope individuals, families, and enterprises alike can experience, try on, test, purchase, or lease various robots in-store while enjoying comprehensive after-sales and maintenance services. Through this model, we aim to bridge the ‘last mile’ of the robotics industry and drive robots into daily life.”

III. Broad Prospects for Robotics Applications: China’s Soil Nurtures Global Leaders

Globally, the robotics industry is shifting from “running, jumping, and performing” to “understanding, reasoning, and working.” According to GGII (Gaogong Industry Institute), the global humanoid robot market is expected to reach approximately RMB 6.3 billion in 2025, nearly RMB 64 billion by 2030, and potentially exceed RMB 400 billion by 2035. Kang Yu believes that within the next three to five years, robots will see large-scale adoption in industrial manufacturing, healthcare, smart elderly care, and consumer services.

She added: “China not only has policy support and capital investment but also possesses unique application scenarios globally, providing the best soil for rapid commercialization of robotics. Shoucheng Holdings’ mission is to combine capital with scenarios to truly bring cutting-edge technologies into scaled application.”

Shoucheng Holdings is a dedicated cultivator in this fertile soil. The company has built a complete industry chain layout covering upstream–midstream–downstream:

Upstream: Through its wholly owned subsidiary, it established Shoucheng Robotics Advanced Materials Industrial Co., Ltd., focusing on core materials such as electronic skin, tendon cables, and lightweight PEEK, while jointly developing and incubating new technologies to fill gaps in the robotics value chain.

Midstream: Through its affiliated industrial funds, Shoucheng has invested in leading companies including Unitree, Galbot, Noetix Robotics, Galaxea-AI, and Booster Robotics, covering humanoid robot systems and critical components.

Downstream: Driving scenario applications, Shoucheng has already enabled robotics adoption in real-world environments such as IAT Automobile Technology’s production lines, the Chengdu ICD autonomous charging station with Wanxun, Peking University Shougang Hospital’s surgical robotics, and its Robotics Experience Store. The company is also exploring a “Robotics 4S Store” model.

Kang Yu emphasized: “Our mission is to combine capital, materials, technology, and application scenarios to truly scale up frontier technologies.”

IV. Outlook: Marching Toward the HK$100 Billion Milestone

As AI and robotics enter a new stage of application realization, Shoucheng Holdings stands at the forefront of industrial takeoff. With solid asset operations, forward-looking industrial deployment, and consistent shareholder returns, the company is steadily advancing toward its long-term goal of HK$100 billion market capitalization.

Kang Yu concluded: “Robotics are the intelligent infrastructure of a new era. Shoucheng Holdings aims not only to be an investor but also a full-chain driver and service provider. We are confident in leveraging the synergy of capital, materials, and application scenarios to lead China’s robotics industry to new heights.”

Posted by All Way Success Company Limited for Shoucheng Holdings www.shouchengholdings.com [HKSE:0697, FRA:SHVA, OTCPK:SHNHF]

[acn-newswire]

Shoucheng Sets Up Robotics Advanced Materials Co. for Full Chain

HONG KONG, Sep 1, 2025 - (ACN Newswire) - On August 31, 2025, Shoucheng Holdings Limited (0697.HK, “Shoucheng Holdings”) announced that its wholly owned subsidiary, Shouwo Investment Holdings Co., Ltd., plans to establish Shoucheng Robotics Advanced Materials Industrial Co., Ltd. (“Advanced Materials Company”). The new company will focus on R&D and industrialization of key upstream materials for the robotics industry, marking a solid step in Shoucheng’s full-value-chain robotics strategy.

The Advanced Materials Company will primarily target core materials such as electronic skin, tendon cables, and lightweight PEEK composites, while advancing investment, joint R&D, and incubation projects. Through deep collaboration with research institutions and industry partners, the company aims to address critical performance and cost gaps in robotics, drive breakthroughs in materials technology, and accelerate application deployment. This initiative is not only an important extension of Shoucheng’s upstream robotics layout but also a vital step toward completing its full ecosystem led by humanoid robots.

According to Shoucheng Holdings’ 2025 interim report, the company is progressively building a comprehensive robotics industry chain that spans upstream materials, midstream systems and key components, and downstream applications:

Upstream: With the Advanced Materials Company as its vehicle, Shoucheng will focus on electronic skin, tendon cables, and lightweight PEEK materials, engaging in investment, joint R&D, and industrial incubation. This effort not only addresses performance and cost-control bottlenecks but also provides strong support to upstream and downstream players, enhancing the competitiveness of the entire ecosystem.

Midstream: Leveraging its industrial funds, Shoucheng has systematically invested in leading firms including Unitree, Galbot, Noetix Robotics, Galaxea-AI, and Booster Robotics, covering humanoid robot systems, motion control, perception, and intelligent algorithms. With capital empowerment and industrial synergy, these companies are accelerating technological breakthroughs and commercialization.

Downstream: The company actively promotes robotics applications in smart mobility, healthcare, and intelligent manufacturing. Examples include the Chengdu ICD autonomous charging station jointly developed with Wisson Technology, and the Shurui surgical robot—deployed at Peking University Shougang Hospital—which has already performed clinical surgeries. Meanwhile, Shoucheng will officially open its first “Robotics 4S Store” at Beijing Rongshi Plaza during the National Day holiday, showcasing and selling robotics products to the public. This retail hub will integrate experience, application, and consumer interaction, bridging the gap from industrialization to consumer adoption.

Shoucheng Holdings stated that going forward, it will leverage full-chain synergies across capital, technology, and application scenarios to further enhance its integration capability and influence in the global robotics industry. The company aims to support China’s robotics sector in achieving independent control and accelerated development, contributing to the country’s ambition of becoming a global technology leader.

Posted by All Way Success Company Limited for Shoucheng Holdings www.shouchengholdings.com [HKSE:0697, FRA:SHVA, OTCPK:SHNHF]

[acn-newswire]

Frost & Sullivan Hosts the 19th Global Growth, Innovation and Leadership Summit in Shanghai

SHANGHAI, Sep 1, 2025 - (ACN Newswire) - 28th August, The 2025 19th Frost & Sullivan Global Growth, Innovation and Leadership Summit and the 4th New Investment Event, hosted by Frost & Sullivan and co-organized by LeadLeo, was successfully held at the Jing'an Shangri-La Hotel in Shanghai from August 27 to 28, 2025. With the theme of "Intelligence Initiates a New Journey·Jointly Shaping Global Growth Engines", the Summit consists of an opening ceremony, eight parallel forums and a series of thematic activities, gathering over 200 heavyweight guests from home and abroad, more than 100 speeches/roundtable discussions, and attracting over 4,000 professional attendees.

Frost & Sullivan has a history of nearly 30 years hosting Growth, Innovation and Leadership Summits worldwide, and this marks the 19th consecutive year of hosting the Summit in China. The 2025 Frost & Sullivan 19th GIL Summit featured in-depth discussions on hot topics such as AI and digital economy, new investments in life sciences, new consumption trends, ESG and new quality productive forces, high-quality development of listed companies, intelligent manufacturing going global and the global development of Chinese enterprises, jointly exploring new growth drivers, new markets and new tracks for China's economy in the new era. Focusing on cutting-edge industrial trends and capital movements, the Summit covers areas including macroeconomics, technological innovation, healthcare, energy storage, artificial intelligence and ESG practices, and released nearly 20 significant research findings on-site.

Mr. David Frigstad, Global Chairman of Frost & Sullivan, highlighted the importance of the “Transformational Growth Journey,” which Frost & Sullivan defines as a seven-stage process to help companies navigate disruption and achieve sustainable success. He explained that the journey begins with understanding industry ecosystems across nine value chains, then leveraging data through the Growth Generator to enable rapid decision-making. Mr. David Frigstad emphasized that CEOs must view the world through a lens of prioritized growth opportunities and benchmark their organizations against global best practices. He also pointed to the Frost Radar as a tool for measuring future growth potential, built on both execution and innovation. Finally, Mr. David Frigstad underlined the role of community and collaboration, noting that true transformation requires openness to partnerships, new ideas, and global perspectives.

Mr. Aroop Zutshi, Global President and Managing Partner of Frost & Sullivan, centered his speech on "Empowering Enterprises' Transformational Growth Journey", delivering an in-depth sharing focusing on global economic changes and corporate development, illuminating the growth path for enterprises seeking breakthroughs. He pointed out that the global economy is currently experiencing an unprecedented wave of change, and most enterprises are trapped in transformation dilemmas. The root causes lie in the difficulty in responding to change, missing hidden strategic opportunities and lacking a clear transformation framework. Only by taking proactive actions and focusing on strategic priorities can enterprises gain a firm foothold in the market reshuffle. To address the transformation challenges of enterprises, Mr. Aroop Zutshi proposed the "Top 5 Strategic Imperatives", including: 1. Transformation; 2. Ecosystem; 3. Growth Generator; 4. Growth Opportunities; 5. Frost Radar, Best Practices and Companies to Action, forming a systematic solution to support enterprises' transformational growth.

Mr. Aroop Zutshi also detailed the six phases of Frost & Sullivan's "Growth Pipeline Engine", from growth audit and opportunity screening to strategy implementation and dynamic optimization, forming a interlocking systematic growth process to ensure that corporate growth is implementable and sustainable. Facing the Intelligence Revolution that began in 2023, he emphasized that this round of revolution is different from the Agricultural Revolution and the Industrial Revolution. By leveraging intelligent AI architectures, enterprises can deeply integrate deep web data, internal enterprise data and real-time public information. Only by equipping themselves with adaptive systems can enterprises seize technological dividends and occupy competitive high grounds. This sharing not only pointed out a way for enterprises to break through from "survival" to "development", but also conveyed clear growth value: by unifying team goals, stimulating innovation vitality and transforming strategies into practical actions, enterprises can not only avoid the risks of change, but also enhance their future growth potential, achieve sustainable high-quality development in the era of the Intelligence Revolution, and inject strong momentum into industrial transformation.

Dr. Neil Wang, Global Partner and Greater China Chairman of Frost & Sullivan, stated that the theme of the Frost & Sullivan Summit has always centered on growth, innovation and leadership, adding value to enterprises, empowering industries and contributing to the national socio-economic development. He pointed out that the long-term, sustained and steady growth of China's economy is one of the greatest positives for the world. Frost & Sullivan not only studies the current growth of China's economy, but also focuses on predicting the future. At this Summit, Frost & Sullivan once again updated and released the White Paper on China's Industrial Development Trends in the Next 50 Years (4th Edition), hoping to help enterprises better grasp market opportunities and cope with challenges. According to his introduction, since entering China nearly 30 years ago, Frost & Sullivan has not only served a large number of innovative technology enterprises, but also actively engaged in technological innovation, such as proposing the concept of "AI + HI" (Artificial Intelligence + Human Intelligence) to empower the transformation and upgrading of traditional industries. Dr. Neil Wang believes that the core competitiveness of an enterprise lies in the leadership of entrepreneurs. The mission of Frost & Sullivan China is to convey China's growth, innovation, and leadership to the world, enabling the world to more clearly understand China's value and helping China accelerate its embrace of global opportunities.

About Frost & Sullivan

Frost & Sullivan, the Transformational Growth company, enables clients to accelerate their growth and achieve best-in-class positions in growth, innovation, and leadership. The company’s Growth Pipeline as a Service provides the CEO’s Growth Team with transformational strategies and best-practice models to drive the generation, evaluation, and implementation of powerful growth opportunities. Let us be your growth coach on this transformational journey, as we actively support you in fostering collaborative initiatives within your industry’s ecosystem.

About Frost & Sullivan GIL Summit

The Growth, Innovation and Leadership Summit founded by Frost & Sullivan has a history of nearly 30 years and is held in more than 20 countries and regions around the world. It has attracted in-depth participation from a large number of Global 1000 companies, top domestic and foreign financial institutions and other leading enterprises, helping them identify opportunities, continuously innovate, accelerate growth and gain a leading position in an increasingly complex and changing world. Since its launch in China in 2008, the Frost & Sullivan GIL Summit has been held for the 19th time. It has become an important platform for outstanding domestic enterprises, the investment community and regulatory authorities to exchange successful experiences and jointly explore development directions, as well as a key window for the world to understand China's cutting-edge development trends.

Media Contact

Frost & Sullivan Shanghai, China Rachel Zhang E: rachel.zhang@frostchina.com T: +86 021-3209-6800 W: http://www.frostchina.com/

[acn-newswire]

FWD Group posts record 1H in first results as a public company

- A US$466 million IPO in July further improved the company's financial flexibility, followed by a ratings upgrade by Moody's.

HONG KONG, Aug 29, 2025 - (ACN Newswire) - FWD Group Holdings Limited (“FWD Group” or “FWD”) today announced its interim results for the six months ended 30 June 2025.

* New business sales were up 38 per cent to US$1.246 billion compared to 2024 on an annualised premium equivalent (APE) basis. New business contractual service margin (CSM) of US$794 million, with year-on-year growth of 34 per cent.

* Operating profit after tax was up 9 per cent to US$251 million with continued positive contributions from each of the company’s four geographic reporting segments: Hong Kong SAR & Macau SAR; Thailand & Cambodia; Japan; and Emerging Markets.

* Net profit of US$47 million is a record interim result under IFRS 17.

* Further improved financial flexibility with an upgrade to FWD Group's ratings - with its notional insurer financial strength rating now A2 - as announced by Moody's in July 2025. Maintained a strong capital position with a 283 per cent solvency ratio* and net underlying free surplus generation that more than doubled to US$417 million. Dividends of over US$500 million were received from the geographic reporting segments. 

* Comprehensive tangible equity up 8 per cent to US$8.15 billion, and Group embedded value up 8 per cent to US$6.38 billion, reflecting the value created for shareholders during the first half of 2025. The company subsequently completed its IPO - which raised HK$3,611 million (approximately US$466 million) in gross proceeds – and began trading on 7 July 2025 under the stock code 1828 on the Hong Kong Stock Exchange.

* Completed the build-out of a high-net-worth (HNW) hub in Asia operating out of three jurisdictions – Hong Kong SAR, Singapore and Bermuda – serving the global high-end insurance market with diversified asset allocation, wealth management and legacy planning. A new FWD Private lounge located in a prime commercial district in Hong Kong is now fully operational.

Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, said, “We’re delighted to report record interim results under IFRS 17 in our first earnings as a publicly listed company. The outstanding growth in new business CSM demonstrates our ability to execute our customer-led strategy successfully across Asia in a sustainable and profitable way.

“We intend to use the net proceeds of our recent IPO to further enhance our capital position and financial flexibility, which may involve reducing debt, in support of further growth and reach with customers, digital capabilities and channels,” added Huynh Thanh Phong.

In Hong Kong SAR & Macau SAR, outstanding growth was posted in new business sales and new business CSM, reflecting ongoing broad-based demand from both local and Mainland Chinese visitor customers and the full activation of the FWD Private HNW business. The company continues to focus on its multi-channel distribution strategy alongside product innovation – such as its indexed universal life offering developed following recent regulatory guidance, as well as new cross-border Greater Bay Area medical services for eligible customers.

The Thailand & Cambodia reporting segment new business indicators were partly impacted by the exit from underwriting new business in the Thailand corporate care segment in 2024. The business remains well positioned in Thailand to meet demand for protection, medical and pension products from an aging population. Its exclusive bancassurance partnership with Siam Commercial Bank maintained its number one market position. Similarly, the company’s agents and advisors retained a number two position in the annual Million Dollar Round Table (MDRT) rankings released in July 2025. The MDRT is a global independent association recognised as a standard of excellence in the life insurance and financial services industries.

In Japan, the business reported solid new business results from its individual protection focused portfolio. The introduction of its first savings offering in July – a Japanese yen single premium annuity product – marked the company’s entry into the savings and retirement needs market.  

The Emerging Markets segment reported strong new business sales growth, despite industry headwinds and economic uncertainty in several markets. In Indonesia, BRI Life – a joint venture where FWD Group holds a strategic 44 per cent investment and collaborates with Bank BRI – was number one in bancassurance by new business sales. In the Philippines and Vietnam, the company’s agents and advisors ranked number two in the latest annual MDRT rankings.

About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 34 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828. For more information, please visit www.fwd.com

For media inquiries, please contact: groupcommunications@fwd.com

Source: FWD Group Holdings Limited

* The results are for the six months ended 30 June 2025 and are compared to the same period in 2024. CSM balance, Group LCSM cover ratio, group embedded value, comprehensive tangible equity and return on equity 2024 values are December 2024 balances/ratios and growth rates are shown accordingly. Growth rates are represented on a constant exchange rate (CER) basis. Except for operating profit/(loss) after tax (non-IFRS measure), net profit/(loss), CSM, and comprehensive tangible equity, all other numbers are unaudited. Operating profit after tax and net profit after tax represent the amounts attributable to equity holders of the company and are presented net of non-controlling interests. New business sales are calculated on an annualised premium equivalent (APE) basis, based on 100 percent annualised first year premiums and 10 percent single premiums. Return on tangible equity is calculated as operating profit after tax, divided by the average of the balances of tangible equity as of the beginning and end of such period. Tangible equity is calculated as adjusted total equity attributable to shareholders of the company, minus the intangible assets net of non-controlling interests.

*Prescribed capital requirement (PCR) basis

[acn-newswire]

Hong Kong Watch & Clock Fair, Salon de TIME end on a high note

- The exhibitions attracted some 16,000 buyers, with participants expressing strong optimism on the outlook for markets like the Middle East and East Asia

- Two fairs attracted some 16,000 buyers on-site - Survey results indicate respondents consider the growth prospects for the watch industry in the following target sales markets to be promising or very promising in the next two years: the Middle East, Taiwan, Korea, Latin America, Australia, and ASEAN countries; smart watches are considered to have the most significant growth potential.

HONG KONG, Sep 7, 2025 - (ACN Newswire) – The 44th HKTDC Hong Kong Watch & Clock Fair and the 13th Salon de TIME, jointly organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Limited, and The Federation of Hong Kong Watch Trades & Industries Limited, successfully ended yesterday in physical fair format. Meanwhile, the Click2Match AI-driven business matching platform will remain open until 13 September, allowing global exhibitors and buyers to continue business discussions.

Over the past five days, the physical fairs attracted some 16,000 trade buyers from 95 countries and regions on-site. Buyers from outside Hong Kong mainly came from Mainland China, Taiwan, India, Japan, the US, and ASEAN countries, including Indonesia, the Philippines, Singapore and Thailand. This highlights Hong Kong's pivotal position as a key global transshipment hub and sales centre for watches and clocks.

Salon de TIME was open to the public for free for the second consecutive year. Together with CENTRESTAGE, which was held at the same time, the events attracted more than 19,000 public visits to purchase their favourite items. Around 400 watch and fashion brands were showcased on-site.

HKTDC Deputy Executive Director Sophia Chong said: “The Hong Kong Watch & Clock Fair and Salon de TIME are annual highlights for the industry. This year, the events brought together over 650 exhibitors from 15 countries and regions. This year's exhibition featured pavilions from Guangzhou, Taiwan, the Swiss Independent Watchmakers Pavilion (SIWP), and the French pavilion by Francéclat. It also welcomed the return of exhibitors from Germany, Japan, Lebanon and the Netherlands. The number of brands at Salon de TIME reached a new post-pandemic high. Many exhibitors used the platform to launch innovative products showcasing exquisite craftsmanship, serving as a springboard for entering international and mainland markets. This underscores Hong Kong's vitality as a global hub for commerce and creativity.”

She mentioned that a series of trade exhibitions will be held in the fall, including the HKTDC Hong Kong Electronics Fair (Autumn Edition) and electronicAsia, which will take place simultaneously from 13 to 16 October at the Hong Kong Convention and Exhibition Centre. Following these, the HKTDC Hong Kong International Lighting Fair (Autumn Edition) will be held from 27 to 30 October, and the Hong Kong International Outdoor and Tech Light Expo will run from 28 to 31 October, at the Hong Kong Convention and Exhibition Centre and AsiaWorld-Expo, respectively. All four exhibitions will adopt the EXHIBITION+ hybrid model, allowing global buyers and exhibitors to continue discussions online after the physical fairs.

Survey indicates that markets such as the Middle East and East Asia are viewed optimistically

During the exhibition, the HKTDC conducted a survey, interviewing some 920 exhibitors and buyers on-site. The aim was to understand global trends in the watch industry, as well as exhibitors' and buyers' perspectives on the industry's outlook and product trends.

The survey results show that 59% of respondents expect overall sales to grow in the next 12 to 24 months, while 36% anticipate that sales will remain stable. Respondents considered the growth prospects for the watch industry in the following target sales markets to be promising or very promising in the next two years: the Middle East (82%), Taiwan (79%), Korea (78%), Latin America (76%), Australia (76%), and ASEAN countries (73%).

Regarding product trends, 47% of respondents consider smart watches to have the most significant growth potential, followed by fashion watches (30%), and casual watches (26%).

The twin watch fairs unveiled industry trends; EXHIBITION+ plays a role

Saat ve Saat, which has over 160 points of sale in Türkiye, attended the two watch fairs again this year. The company's production manager Yusuf Eyilmez stated: “Through the business matching meetings on the smart platform click2match, and the physical meetings at the fair, we have procured automatic mechanical watches from the Hong Kong exhibitor Dailywin Watch Products Mfg Ltd. The annual order value is expected to reach US$1 million.”

Su & Co Trading Company from Myanmar sells fashion watches through both online and physical stores. The company founder Su Hnin Aye stated: “This year, we have purchased US$600,000 worth of branded watches at the fair and have identified two new watch brands to introduce to the Myanmar market. We will also sign a sole distributor agreement with a brand at the Swiss Independent Watchmakers Pavilion (SIWP), Mathey Tissot.”

At the fair, Hong Kong exhibitor Dayton Industrial launched the new Watch2Care TCM smart watch. The company's director Paul Yuen said: “We have invented this smart watch featuring digital pulsation analysis with TCM (Traditional Chinese Medicine) reports for preventive healthcare. During the exhibition, we introduced the features of our revolutionary smart watch to hundreds of both local and international buyers. We have found potential distributors from Germany, Mainland China, Singapore and the US. We are also excited to have received collaboration invitations from a Swiss watch movement company and a buyer from Myanmar. We aim to achieve an on-site sales turnover of HK$1.5 million.”

Last year, the German brand Lilienthal Berlin introduced the world's first wristwatch with a case made from recycled coffee grounds at Salon de TIME. This year, they have innovated once again by bringing a new eco-friendly watch with a dial made from recycled tea leaves. The company's management director Ruby Young stated: “The new watch has garnered media attention, attracting buyers from around the globe to our booth. We have successfully identified potential distributors from Bangladesh and Israel and are in discussions with buyers from Italy, Japan, Kazakhstan, Mainland China, the UAE, and the US.”

Salon de TIME also featured several exhibitors showcasing “Guochao” series watches. This year, Sun International Concepts presented six renowned watch brands from Mainland China, including masterpieces by four independent watchmakers: Ma Xushu, Tan Zehua, Qian Guobiao, and Gong Xun. Company executive director David Sun mentioned that feedback from both the industry and the public is more enthusiastic compared to last year, and they have successfully found exclusive distributors at the fair to expand into the ASEAN market. Several watches were available for on-site retail purchase and the projected on-site sales are expected to reach six figures, representing a 10% increase over last year.

The new zone Microbrands presents unique niche brands offering watches that are both affordable and stylish. First-time exhibitor and YouTube channel Watchcatavlog brought four microbrands. The channel’s founder Ciff Luk stated that they are in discussions with buyers from Canada, Taiwan, and the UAE regarding distributor collaborations. The brands also attracted numerous watch enthusiasts.

For the second consecutive year, Salon de TIME was completely open to the public for free. Watch enthusiasts Jovi Ha, CK Hung and Ricky Tsang attended the event together and remarked: “This exhibition has truly broadened our horizons, allowing us to admire the exquisite craftsmanship of numerous high-quality brands all at once, and to have direct interaction with independent watchmakers. The diversity in watch styles available at the fair, along with their great value for money, led us to spend nearly HK$100,000 in total, purchasing multiple branded watches and leaving the event thoroughly satisfied.”

Photo download: http://bit.ly/4gh0lu6

The 44th HKTDC Hong Kong Watch & Clock Fair and the 13th Salon de TIME successfully concluded in physical fair format yesterday, attracting some 16,000 buyers from 95 countries and regions on-site

As a highlight of Salon de TIME, World Brand Piazza presented nine world-class watch brands

Salon de TIME was open to the public for free for the second consecutive year, allowing attendees to visit, shop, and participate in on-site events

This year's fair featured pavilions from Guangzhou, Taiwan, Francéclat from France, and the Swiss Independent Watchmakers Pavilion (above)

The Hong Kong International Watch Forum (above) and Asian Watch Conference hosted various experts to share the latest trade data and industry trends from around the world, to discuss strategies for the global watch industry's supply chain, and to delve into the artistic concepts behind independent watchmaking and micro brands.

Salon de TIME welcomed brands from Mainland China and several independent watchmakers to present their “Guochao” series watches, including Shanghai Watch, Sea-Gull, FIYTA and Zbioland.

The 42nd Hong Kong Watch Design Competition featured an open group and a student group; celebrity Bowie Cheung served as a guest judge and attended the awards ceremony.

The fair featured a variety of exciting activities, including a watch parade (as shown in the image), Smart Bidding, watch engraving demonstrations, and watch appreciation paired with tea art experiences; additionally, a lucky draw offered generous prizes.

HKTDC and Hong Kong Tourism Board (Destination Partner) offered travel and hospitality support to overseas buyers and journalists, including an Aqua Luna boat ride (as shown in the image), Muslim-friendly visit programme to the Hong Kong Palace Museum and Kowloon Masjid, Plaza Premium Lounge passes, and cultural booths at the Networking Reception.

Media enquiries Please contact the HKTDC’s Communications & Public Affairs Department:

Johnny Tsui 

Tel: (852) 2584 4395          

Email: johnny.cy.tsui@hktdc.org  

Websites Hong Kong Watch & Clock Fair: hkwatchfair.hktdc.com Salon de TIME: hkwatchfair.hktdc.com/te

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

[acn-newswire]

10th anniversary CENTRESTAGE concludes successfully

- Event runs on unprecedented scale with record number of exhibitor countries and regions, attracting over 10,000 global buyers

- Fair attracts participation of more than 260 brands from 25 countries and regions, achieving its largest-ever scale and level of internationalisation - Over the four-day period, CENTRESTAGE welcomed over 10,000 trade buyers from 91 countries and regions, with the number of buyers from the UK, Mainland China, India and Indonesia showing significant growth - Internationally acclaimed couturier Guo Pei and world-renowned fashion legend Professor Jimmy Choo OBE hosted talks at the fair; Guo Pei also staged her solo couture show themed “Gilternity: An Everlasting Radiance”, at CENTRESTAGE ELITES - Survey findings reveal that over 55% of respondents expect sales to increase in the coming 12 to 24 months - 38% of respondents believe that rising demand from emerging markets is the major opportunity for business, while 36% believe that fashion accessories hold the greatest growth potential for the industry

HONG KONG, Sep 6, 2025 - (ACN Newswire) – CENTRESTAGE, organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA) of the Government of the Hong Kong Special Administrative Region, drew to a successful close today. Celebrating its 10th edition, this year’s event ran on an unprecedented scale. Over 260 brands from 25 countries and regions participated in the four-day event, attracting over 10,000 buyers from 91 countries and regions. Buyer participation from the UK, Mainland China, India and Indonesia recorded a significant increase, further strengthening Hong Kong’s role as Asia’s fashion hub and a centre for East‑West cultural exchange.

CENTRESTAGE and Salon de TIME, the HKTDC’s concurrent fashion event, were fully open to the public free of charge. The public count for the events exceeded 19,000 visits, successfully assisting exhibitors in expanding their customer base and helping to promote the development of the creative sector.

Sophia Chong, Deputy Executive Director of the HKTDC, said: “Over the past decade, CENTRESTAGE has become an essential trade and exchange platform for local, Asian and international fashion brands. This year’s fair set records in terms of scale and internationalisation, bringing together a wide range of globally renowned design brands which participated for the first time, including Saul Nash from the UK, HENRIK VIBSKOV from Denmark and THE NERDYS from Japan. Internationally acclaimed couturier Guo Pei and world-renowned fashion legend Professor Jimmy Choo OBE also appeared at CENTRESTAGE to host inspiring sharing sessions. The event successfully attracted prominent local and overseas buyers, including leading retailers and procurement groups such as Machine-A from the UK, Sugar Srl from Italy, Daimaru Matsuzakaya Department Stores from Japan, Zalora from Indonesia and ESSX. from the United States, as well as helping local brands expand internationally and highlighting Hong Kong’s unique appeal as Asia’s fashion hub.”

Over 55% respondents expect sales growth; emerging markets seen as key

The HKTDC conducted a survey during the fair, interviewing more than 400 exhibitors and buyers to gauge their views on product trends and the outlook for the fashion industry. The survey revealed that 56% of respondents expect sales to increase over the next 12 to 24 months, while 40% anticipate that sales will remain unchanged, reflecting an optimistic stance towards the industry’s sales landscape.

Respondents also identified key challenges such as fluctuations in the global economy (44%) and keen competition within the industry (40%). In terms of opportunities. 38% said their greatest opportunities lay in rising demand from emerging markets.

Global designers explore market frontiers; cross-cultural craftsmanship shines

For the first time, the United Kingdom joined CENTRESTAGE as Partner Country, presenting 16 highly creative fashion brands and emerging designers. The UK pavilion highlighted diverse styles and sustainable concepts, partnering with the JCA-London Fashion Academy founded by Professor Jimmy Choo OBE to showcase works by a new generation of designers. On the first day of the fair, a UK fashion show celebrated the craftsmanship and forward‑looking vision of British fashion.

This year’s CENTRESTAGE featured six themed zones showcasing the latest fashion trends and creative forces. The newly launched Accessories zone highlighted functional yet stylish accessory ranges in response to market demand. The survey revealed that, same as last year, fashion accessories were seen by respondents as having the greatest growth potential among fashion product categories in major sales markets (36%).

Cross-cultural craftsmanship has also emerged as a rising design trend. This year’s fair not only presented selected pieces from internationally acclaimed couturier Guo Pei’s entirely hand‑crafted collection “Gilternity: An Everlasting Radiance”, but also brought together brands from diverse cultural backgrounds, showcasing fashion works that blend traditional techniques such as embroidery, weaving and tie-dyeing. They included Hong Kong brand Yue Hwa Chinese Products Emporium Limited which showcased designs utilising Gambier Canton Silk, a national intangible cultural heritage fabric.

Other highlights included Hong Kong brand Isabelle.C, which incorporates the Chinese intangible heritage technique of Kesi (silk tapestry weaving) into its designs; Thai brand Lava Laweng, which showcases Thai ethnic culture and weaving craftsmanship; and Macao brand Yu Kwa, founded by Lin Yingwen, the fifth-generation inheritor of the intangible cultural heritage production of gold-embroidered skirt jackets. These works not only showcase exquisite craftsmanship and rich cultural depth, but also breathe new life into traditional techniques within the modern fashion landscape.

As a first-time exhibitor at CENTRESTAGE, Vald Showroom from Denmark brought a curated selection of brands, including Danish label HENRIK VIBSKOV which is known for its runway appearances in Copenhagen and Paris. The showroom is planning to expand into new markets across Asia. “We are very excited to learn about local customers’ preferences and see how buyers respond to our collections in terms of quality, price, fit and style,” said Jacob Jensen, the company’s CEO.

Hong Kong brand Imellda Ho Millinery specialises in handmade custom hats and headpieces. Designer Imellda Ho said this year marks her first participation at CENTRESTAGE under her own brand name, and that the fair reflected the HKTDC's international vision. “The team even anticipated needs I hadn't considered. This 'thinking beyond the designer' support is exactly what independent brands need most,” she said. Ms Ho added that although the custom headwear market is relatively small, the fair offers opportunities for brands to expand into overseas markets. She commended the HKTDC for equipping designers with hands-on styling workshops and expert-led brand development support, representing “irreplaceable value for independent designers”.

Buyers from around the world were drawn to the fair, praising its global brand appeal and diverse product offerings. Many expressed strong interest in the distinctive creativity of Hong Kong designers. Marianna Kuvvet, Brand Director of Tomorrow Ltd, a brand accelerator, said: “This was my first time attending CENTRESTAGE. What stood out to me most was the calibre of local talent.” Stavros Karelis, Founder and Buying Director at Machine-A, a UK-based concept store, said that CENTRESTAGE is proven to be an exciting platform for new talent, while providing international buyers with a valuable gateway to explore the pulse of Asia’s vibrant and diverse market. “I was particularly impressed by local Hong Kong designers and brands, such as WEN PAN and Kinyan Lam from Genau Studio. The fair beautifully captured the fusion of local and global design talents,” he said. Despite it being his inaugural visit to CENTRESTAGE, Mr Karelis allocated a specific budget to acquire standout designs discovered at the fair, underscoring its importance as an influential global fashion platform.

Spectacular fashion shows with international designers dazzle audiences

Some 50 fashion shows and events were staged during the fair. The opening gala show, CENTRESTAGE ELITES, was in the spotlight on 1 September at M+ in the West Kowloon Cultural District, with celebrated couturier Guo Pei unveiled her collection themed “Gilternity: An Everlasting Radiance”, featuring more than 30 handcrafted masterpieces that transformed fleeting moments into timeless brilliance. On 4 September, Guo Pei also hosted a masterclass to share her design journey and philosophy with an enthusiastic full house.

Marking the 10th anniversary of the Fashion Hong Kong overseas promotion campaign series, Fashion Hong Kong presented a show under the theme “A Decade in Design: What Is Seen' What Is Felt'”. Four Hong Kong brands – ANGUS TSUI, ARTY:ACTIVE, IP AXIS INDUSTRIAL STUDIO and selfFab. – unveiled creative collections reflecting the journeys of Hong Kong designers, blending vision with emotion. The show received enthusiastic acclaim from a multitude of industry professionals, celebrities and fashion enthusiast in a packed venue. The public can revisit the show’s highlights on the CENTRESTAGE and Fashion Hong Kong websites, the Fashion Hong Kong Instagram, and HKTDC Facebook and YouTube channels.

The FASHIONALLY platform also showcased four emerging brands – phenotypsetter, MARCCH, Oplus2 and OUS – in its FASHIONALLY Collection #25, highlighting the creativity and energy of Hong Kong’s new generation of designers. FASHIONALLY Presentation featured LAPEEWEE, MOODLABBYLORRAINE and KOWLOON CITY BOY, who used immersive stage installations to bring their latest works vividly to life.

Several other Hong Kong brands launched new collections at CENTRESTAGE. DORISKATH collaborated with bridal label Vincci to mark its 10th anniversary, 112 mountainyam presented its Spring/Summer 2026 collection, while other participants included NATACHA VAN and more. LOCAL POWER 2025, a cross-cultural project curated by the Asian New Generation Creativity Design Association, was officially launched during CENTRESTAGE. Dorian Ho, Chairman of the Association said: “CENTRESTAGE is a key fashion platform in Asia, and launching the project here helps attract greater attention. We also invited five Korean designers to participate, and the project successfully attracted more than 30 buyers from various markets including Europe, Southeast Asia, Japan and Mainland China, to connect with us for just first two days, opening up opportunities for international collaboration.”

The finals of the Redress Design Award 2025 – a competition dedicated to advancing circular fashion and now in its 15th year – were successfully staged at CENTRESTAGE. Multiple awards were presented during the event, with the championship title jointly awarded to designers Carla Zhang and Hugo Dumas. Nathan Moy was awarded the “Hong Kong Best”, while other contestants also showcased their unique sustainable fashion designs.

Photo download: http://bit.ly/482vCyw

The 10th edition of CENTRESTAGE attracted over 10,000 trade buyers from 91 countries and regions

The annual fashion extravaganza gathered over 260 brands from 25 countries and regions – the largest number of participating brands in the fair’s history. The participation in the Thai pavilion reached a record high this year, bringing together over 40 brands.

Internationally acclaimed couturier Guo Pei joined CENTRESTAGE for a masterclass, sharing her design philosophy and creative journey. The event drew a full house of industry professionals, fashion lovers and design students eager to learn and exchange ideas.

Several fashion design competitions were held during the fair, including the Young Knitwear Designer Contest organised by the Knitwear Innovation and Design Society. Designer Jason Ying claimed the championship title.

Several local fashion labels staged shows during CENTRESTAGE, including the latest collection by DORISKATH.

For the first time, the United Kingdom joined CENTRESTAGE as Partner Country, presenting 16 highly creative fashion brands and emerging designers.

The Asia New Generation Cultural Creative Design Association officially launched LOCAL POWER 2025 Hong Kong Fashion in Seoul at CENTRESTAGE.

Websites

- CENTRESTAGE: www.centrestage.com.hk - Fashion Hong Kong:  https://www.fashionhongkong.com/en - Hong Kong Young Fashion Designers' Contest (YDC): www.fashionally.com/en

Revisit CENTRESTAGE ELITES:

- CENTRESTAGE website: https://www.hktdc.com/event/centrestage/en/livestream - CENTRESTAGE Instagram: https://www.instagram.com/centrestage_hktdc - HKTDC Exhibition Channel Facebook Page: https://www.facebook.com/share/v/1AAMjms6eB/'mibextid=wwXIfr - HKTDC YouTube Channel: https://www.youtube.com/live/dsECvOgiYNE'si=0OLm1S_9hXhjLiYI

Media enquiries

Best Crew Public Relations & Marketing

Diana Tang

Tel: (852) 3594 6443     

Email: diana.tang@bestcrewpr.com

Reni Kwok

Tel: (852) 3594 6443     

Email: reni.kwok@bestcrewpr.com

HKTDC Communication and Public Affairs Department:

Sharon Ha      

Tel: (852) 2584 4575

Email: sharon.mt.ha@hktdc.org

Katy Wong     

Tel: (852) 2584 4524

Email: katy.ky.wong@hktdc.org

HKTDC Newsroom: http://mediaroom.hktdc.com/en

About the HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. 

About Cultural and Creative Industries Development Agency (CCIDA)

The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan.

CCIDA’s website: http://mediaroom.hktdc.com/en

Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.

[acn-newswire]

Sunshine Insurance (6963.HK) Interim Results Released

Twenty Years of Steady Growth, Technology Driving the Future

HONG KONG, Aug 28, 2025 - (ACN Newswire) - 2025 is the 20th anniversary of Sunshine Insurance (6963.HK). Its latest released 2025 interim results show that in the first half of the year, the gross written premiums (“GWPs”) were RMB80.81 billion, representing a year-on-year increase of 5.7%; the net profit attributable to the parent was RMB3.39 billion, representing a year-on-year increase of 7.8%; the embedded value reached RMB128.49 billion, up 11.0% from the end of the previous year; and the number of active customers exceeded 30.11 million.

Adhering to a Value-Oriented Approach, the Ability and Resilience for Value Development Continued to Strengthen

Starting a business is easy, but sustaining it is difficult, and this is especially true in the insurance industry. However, Sunshine Insurance has achieved quality growth in its business scale. From its startup phase to listing, and as of 30 June 2025, its asset scale has reached RMB625.6 billion.

In the first half of 2025, Sunshine Life focused on consolidating the foundation of profit sources and asset-liability matching as its core tasks, continuously strengthening the management of the “three margins ”, deepening the implementation of the “One Body, Two Wings ” strategy, and resolutely advancing the transformation of product structure and sales team. The GWPs of life insurance business were RMB55.44 billion, representing a year-on-year increase of 7.1%, and the value of new business was RMB4.01 billion, representing a year-on-year increase of 47.3%. The embedded value of life insurance exceeded RMB106.2 billion, up 13.8% from the end of the previous year.

The structure of the property and casualty insurance business continued to optimize with steady improvement in profitability. In the first half of 2025, the proportion of non-automobile insurance premiums was 50.6%, representing a year-on-year increase of 4.5 percentage points. The household auto premiums to the automobile insurance rose by 3 percentage points. The underwriting combined ratio improved to 98.8% and underwriting profit increased by 42.4% year-on-year.

The asset management business adheres to the principles of long-term stability and resilience across cycles, continuously enhancing its ability to achieve scientific and dynamic matching between assets and liabilities. In the first half of the year, total investment income reached RMB10.70 billion, with an annualized total investment yield of 4.0% and an annualized comprehensive investment yield of 5.1%.

Tech Empowerment Fueled High-Quality Growth of Core Businesses

In recent years, under the guidance of its “Technological Sunshine” strategy, Sunshine Insurance has accelerated its digital and intelligent transformation to empower high-quality development. In the first half of 2025, the Company made significant progress in advancing its “Robotics Initiative ” and “Data Engineering Program ,” with AI and large model applications being successfully implemented across multiple core business scenarios.

In the sales sector, by deploying sales-assistance robots and AI customer management assistants while implementing data empowerment programs, Sunshine Insurance achieved measurable improvements in operation efficiency by delivering precise customer profiling, optimally matched product solutions to the sales staffs. The customer satisfaction of AI customer management assistant reached 95%. In the service sector, Sunshine Insurance transformed customer service through intelligent solutions by enhancing our AI-powered service robots. Our intelligent services handled 65% of remote service processes without human intervention while achieving 82% customer satisfaction. Through our newly developed claims service robot, we combined smart applications with process reengineering and innovatively applied the robotic services to enterprise WeChat-based claim scenarios. This approach significantly improved service efficiency while reducing operational costs. In the field of management, AI has been applied to multiple scenarios including management of the “three margins”, financial management, intelligent pricing, and claims management, significantly enhancing operational efficiency and improving quality and productivity.

Looking ahead to the second half of the year and beyond, as the potential of the silver economy is unlocked, residents’ demand for insurance continues to upgrade, and technology keeps advancing, the insurance industry is poised to embrace a new growth curve.

Sunshine Insurance Group Company Limited, www.sinosig.com [HKEX: 06963][FRA: E57]

[acn-newswire]

CALB (3931.HK) Announces 2025 Interim Results

- First-Half Net Profit Surges 80.4% - Dual Drivers of EV Battery and Energy Storage Accelerate Global Expansion

HONG KONG, Aug 28, 2025 - (ACN Newswire) - On August 27, CALB Group Co., Ltd. ("CALB" or "the Company," stock code: 3931.HK) announced its unaudited condensed consolidated interim results for the six months ended 30 June 2025 (the "Reporting Period"). During the Reporting Period, the Company delivered outstanding operational performance with revenue of RMB16,418.88 million, representing an increase of 31.7% compared to the same period last year, and realized a profit of RMB752.99 million, representing a year-on-year increase of 80.4%. In the first half of 2025, the Company showed strong profitability and resilience during the accelerated trend of transformation of global renewable energy development.

According to SNE Research, the Company’s installed capacity of globally EV batteries in the first half of 2025 increased 22.7%, ranking third domestically and fourth globally, with the monthly installed capacity reaching 4.7GWh. The Company was particularly outstanding in the domestic passenger vehicle market with the market share hitting new highs in June and July, reaching 7.4% and 8.25%, respectively. In the energy storage sector, the Company's growth was even more rapid. According to InfoLink, the Company’s shipment in the first half of the year ranked fourth globally, achieving milestone development in the energy storage sector.

Centered on continuous technological breakthroughs and with the launch of multiple major products, in the first half of 2025, the Company maintained its leadership in cutting-edge battery technology with the “UP” battery. At the same time, the Company’s 400Wh/kg solid-liquid hybrid battery is poised for mass production and commercial deployment, while significant progress has been made in the all-solid-state battery—including breakthroughs in R&D and the commissioning of a dedicated production line. CALB’s high-power lithium iron phosphate R46 large cylindrical battery is the first in the industry to achieve mass production and has successfully achieved mass production for the latest PHEV models from Geely and Dongfeng. At the same time, the Company’s next-generation lithium manganese LFP battery product achieves an energy density exceeding 210Wh/kg and will also go into mass production. With improved performance, the product can attain 10%- 80% charging within 15 minutes.

In the passenger vehicle market, leveraging exceptional product capabilities, the Company achieved full entry into the world’s top three automakers, namely Volkswagen, Hyundai and Toyota. In the first half of 2025, its 800V 5C batteries achieved a monthly sales volume of over 20,000 packs, which will support models for XPeng, Ledao, Leapmotor, Audi, BAIC, and others, and the 800V 5C high-voltage NCM battery exclusively supports popular models such as XPeng’s new P7 with ultra-long range, helping XPeng’s new P7 create a new world record of driving 3,971km in 24 hours.

In the commercial vehicle market, CALB has established a comprehensive product matrix architecture for “ZHIYUAN” batteries, covering all scenarios, all applications, and all capabilities. In the first half of year, the Company’s domestic commercial vehicle installed capacity has increased by 310% year-on-year. CALB is the first in the industry to launch a million-kilometer customized products for light trucks, significantly improving the quality assurance of battery systems and effectively enhancing product competitiveness in the market. Leveraging the outstanding recognition from the light truck field, the Company has established in-depth collaborations with customers such as Chery, Geely, Ruichi, Foton, Dongfeng, Changan, and King Long. In the heavy truck field, the Company has deeply cultivated the market through the scenario-based power consumption design and has achieved full-spectrum collaboration by partnering with customers such as Sinotruk, XCMG, SANY, Shaanxi Automobile, Jiefang, Dongfeng, Lingong, and Liugong.

The Company has made significant breakthroughs in the international market, and its energy storage business achieved rapid growth in the first half of year. The 314Ah second-generation long-cycle energy storage cell can achieve an ultra-long service life of 15,000 cycles and high energy efficiency of over 96%, while achieving zero degradation in the first 1,000 cycles, earning high recognition from customers for both the product and delivery capabilities. In terms of the overseas market, the Company has successfully partnered with the largest power plant projects in Latin America and South Africa, entering the supplier lists of several leading developers and power grid companies. Meanwhile, the Company’s next-generation “ZHIJIU” of 588Ah and 600Ah+ large energy storage cells will scheduled for mass production within the year.

In addition, the Company is the first in the industry to pass the eVTOL power battery manufacturing compliance review and supports the development of China’s low-altitude economy market by actively exploring emerging markets. At present, the R46 cylindrical battery cell with an energy density of 310Wh/kg is now in mass production for leading eVTOL customers in the industry. At the same time, CALB signed a deepened strategic cooperation agreement with GOVY, under which the two parties will carry out in-depth collaboration in the eVTOL sector and jointly promote the development of standardized eVTOL energy products.

Overall, in the first half of the year, CALB focused on the strategy of consolidating its leadership in products and technologies, while accelerating the globalization of its production capacity layout. At present, its battery Pack plant in Thailand has been put into operation, while construction of the Portugal base officially commenced in the first quarter of 2025. Looking ahead, with the further improvement of industrial chain system, the Company is expected to leverage its cross-domain, cross-scenario dynamic storage product matrix to achieve deep synergy in its dynamic storage business, creating cutting-edge product capabilities across all scenarios. At the same time, the Company will continuously explore emerging markets such as rail transit, mining, low-altitude flight, and humanoid robots by offering high-safety, high-reliability, and high-performance product solutions. Furthermore, CALB will continue to advance the implementation of its “energy+” strategy, further consolidating its leading position in the global new energy industry.

About CALB

CALB is a new energy enterprise specializing in the research, production, sales, and market application development of lithium batteries, battery management systems, and related integrated products and lithium battery materials. As Battery Expert, we aim to build a comprehensive energy operation system, to provide complete product solutions and full life-cycle management for the new energy application market, represented by power and energy storage.

Currently, CALB has completed an all-round layout in domestic by setting up industrial bases in Changzhou, Xiamen, Wuhan, Chengdu, Hefei, Jiangmen and Meishan. Meanwhile, CALB has set up bases in Europe and ASEAN, vigorously expanding the layout all over the world to become a global leading enterprise with large-scale intelligent manufacturing capabilities.

[acn-newswire]

Fourth Paradigm announces 2025 interim results

- Revenue Increased By 40.7% YoY to RMB2,626 Million - with Loss Narrowing Significantly by 71.2%

Financial Highlights:

- In the first half of 2025, the total revenue amounted to RMB2,626 million, representing a year-on-year growth of 40.7%  - The revenue of the 4ParadigmSage AI Platform (“4ParadigmSage”) business grew by 71.9% year on year to RMB2,149 million, accounting for 81.8% of the total revenue  - The SHIFT Intelligent Solutions business recorded revenue of RMB371 million, accounting for 14.1% of the total revenue  - The revenue of the 4ParadigmSageGPT AIGS Services segment amounted to RMB106 million, accounting for 4.1% of the total revenue - In the first half of 2025, the total R&D expenses further increased to RMB893.4 million, with the R&D expense ratio of 34.0% - In the first half of 2025, the Company recorded an adjusted net loss attributable to the shareholders of the Company (a non-IFRS measure) of RMB43.70 million, which narrowed by approximately 71.2% from RMB151.6 million for the same period last year

Operation Highlights:

- In the first half of 2025, the number of lighthouse users reached 90, an increase of four compared to the same period last year, and the average revenue per lighthouse user was RMB17.98 million, representing a year-on-year increase of approximately 56.6% - AI agent + World Model: During the Reporting Period, the Company launched intelligent agent solutions of “AI agent + industry-specific large models” across multiple sectors, driving a leap in productivity for enterprise users - Phancy: During the Reporting Period, the Company launched its “Phancy” consumer electronics business, positioned to provide the market with integrated software and hardware solutions based on AI agents - AI + Energy Storage: During the Reporting Period, the Company is committed to aggregating distributed power supplies, controllable loads, energy storage systems and other resources scattered in the power grid, and carrying out unified coordination, optimization, and control, to help Virtual Power Plant participate in the operation of the power market in all aspects, and provide a variety of services for the power grid, such as peak shaving and frequency shifting - AI + Stablecoin: During the Reporting Period, the Company entered into a strategic cooperation agreement with a leading brokerage firm, jointly developing and exploring the “AI + Stablecoin Risk Control & Compliance Solution”

HONG KONG, Sep 5, 2025 - (ACN Newswire) – 21 August 2025, A leading enterprise AI software company - Beijing Fourth Paradigm Technology Co., Ltd. (“Fourth Paradigm” or the “Company”, Stock Code: 6682.HK) today announced the consolidated interim results for the six months ended June 30, 2025 (the “Reporting Period”).

During the reporting period, Fourth Paradigm’s revenue increased significantly, with total revenue of RMB2,626 million, representing a year-on-year growth of approximately 40.7%. Adjusted net loss attributable to the shareholders of the Company (non-IFRS) was RMB43.7 million, narrowing by approximately 71.2% from RMB151.6 million for the same period last year.

Fourth Paradigm’s core business - the 4ParadigmSage AI Platform - continued to perform strongly. Benefiting from strong demand from enterprises for AI-native software, comprehensive upgrade of the 4ParadigmSage AI Platform, and timely development of a new AI productivity system, the Company successfully launched multiple industry-specific Agent application solutions and established an ecosystem of partner collaborations, driving significant revenue growth for the 4ParadigmSage AI Platform business. During the reporting period, the 4ParadigmSage AI Platform business generated revenue of RMB2,149 million, representing a year-on-year increase of 71.9%, accounting for approximately 81.8% of the Company's total revenue.

In terms of expenses, during the reporting period, the total ratio of the Company’s three major expenses to revenue decreased from 58.2% to 44.5%, of which the scale effect of R&D investment has been fully demonstrated this year, with total R&D expenses increasing by approximately 5.1% compared to last year, while the expense ratio decreased by 11.5pct year-on-year to 34.0%. At the same time, the Company has always paid close attention to healthy cash flow and business quality. As of June 30, 2025, the balance of accounts receivable decreased significantly from RMB3,086 million at the end of last year to RMB1,967 million.

“AI Agent + World Model” has been Deployed Comprehensively, Achieving Significant Commercial Success

During the Reporting Period, Fourth Paradigm deepened the implementation and application of its “AI agent + World Model” strategy, effectively capturing the AI transformation demands of enterprise clients in high-value scenarios. The Company provides enterprises with AI solutions (enterprise-grade AIOS) that are deeply integrated with their business and engineered for implementation, rather than standalone tools. The value proposition of “AI agent + World Model” achieved comprehensive adoption among enterprise clients. The number of lighthouse users reached 90, an increase of four compared to the same period last year, and the average revenue per lighthouse user was RMB17.98 million, representing a year-on-year increase of 56.6%. This growth trajectory in average revenue per user indicates that the 4ParadigmSage AI Platform is rapidly becoming the AI productivity infrastructure for enterprises.

According to a recent market share report released by IDC, Fourth Paradigm has ranked first in China’s machine learning platform market share for seven consecutive years in 2024.

Continuously Exploring New Businesses, “AI+” Positioning for Future Growth

While focusing on the application of AI in traditional strong industries, Fourth Paradigm has never stopped exploring new areas of “AI+”. In response to “AI + Stablecoin”, the Company has successively introduced “AI + Stablecoin Risk Control & Compliance Solution” and “Stablecoin Underlying Asset Management Solution,” actively cooperating with leading securities firms to strategically expand into the stablecoin ecosystem. Committed to “AI + Energy Storage”, Fourth Paradigm focuses on power trading strategy optimization and smart power plant operation and maintenance, utilizing accumulated data models in the energy industry to solve industry pain points. In the future, Fourth Paradigm will continue to keenly capture cutting-edge trends, explore more possibilities for “AI+”, uncover new commercial value and application scenarios, open up new growth curves for the Company, lead the trend of artificial intelligence transformation, and help customers occupy a more advantageous strategic position in global AI industry competition.

Ecological Construction and Edge-side Extension: “Phancy” Consumer Electronics Business Shows Strong Potential and is Poised for Promising Growth

“Phancy” consumer electronics business, which was officially launched this year, has also performed well. As an important exploration by Fourth Paradigm to extend its AI capabilities to the end-user side, it has already launched and started selling a number of consumer electronics products, including smart watches, smart glasses, and smart earphones, in collaboration with partners in the first half of the year. In the future, it will expand into areas such as smart toys, smart wearable accessories, and embodied intelligence. Phancy is committed to building a comprehensive product ecosystem that brings AI capabilities into every household and benefits every individual.

More importantly, Fourth Paradigm is gradually building a brand-new smart terminal device ecosystem. In May, 2025, the Company announced a deep cooperation with  HarmonyOS and HiSilicon, integrating the Company’s AI model capabilities on the edge side with HiSilicon’s high-performance, low-power chips to jointly create an integrated smart hardware solution combining “AI + Operating System + Core Chips.” This collaboration injects strong innovative momentum into HarmonyOS’s ecosystem and empowers the new era of intelligent connectivity. At the same time, Fourth Paradigm entered into strategic partnerships with Bluetrum, Jieli Technology and Beken Corporation to deeply integrate leading AI communication chips with algorithms, providing end-to-end AI solutions for more consumer electronics products in the future and strengthening the Company’s underlying technological competitiveness.

In terms of Strategic Outlooks, Dr. Dai Wenyuan, Chairman of the Board, Executive Director, Chief Executive Officer and General Manager of Beijing Fourth Paradigm Technology Co., Ltd. said, “In the first half of 2025, we have solidified our market leadership through superior products and technological capabilities, while proactively pursuing open ecosystem partnerships to lay the groundwork for future growth. In the future, we will continue to adhere to our core strategy of “technology-driven, customer value, and ecosystem win-win,” building AI productivity infrastructure that drives comprehensive corporate profitability, aiming to become a core driver of the AI era and lead the way toward the early arrival of the AGI era. We firmly believe that through continuous investment in technological innovation, Fourth Paradigm will remain at the forefront of the exploration and commercial implementation of AI technology.”

[acn-newswire]

CENTRESTAGE ELITES unveils Guo Pei's Hong Kong solo couture debut, Star-studded runway show highlights 30+ unique creations

HONG KONG, Sep 2, 2025 - (ACN Newswire) - Organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA) of the Government of the Hong Kong Special Administrative Region (HKSAR), CENTRESTAGE – the annual gala event for the Asian fashion industry – takes place from 3 to 6 September 2025 at the Hong Kong Convention and Exhibition Centre. The prestigious opening event, CENTRESTAGE ELITES, took place last night at M+ in the West Kowloon Cultural District, with internationally acclaimed couturier Guo Pei presenting a stunning couture collection.

The showcase at CENTRESTAGE ELITES marked the designer’s first solo couture show in Hong Kong. She presented more than 30 one-of-a-kind couture creations under the theme "Gilternity: An Everlasting Radiance” that drew inspiration from the dazzling, fleeting moment of flowing molten gold. Fusing traditional craftsmanship with modern art, the collection epitomises her unparalleled artistry and technical mastery. Guo Pei worked with students and researchers from Hong Kong Polytechnic University to collaborate on the opening piece for the show. It incorporated a unique luminous fabric, representing a breakthrough in the fusion of art and technology and highlighting a spirit of heritage and innovation in fashion design.

Among the distinguished guests joining CENTRESTAGE ELITES were government officials, including Rosanna Law, Secretary for Culture, Sports and Tourism of the HKSAR Government. Celebrities, industry icons and fashion aficionados including Myolie Wu, Ayla Sham, Louise Wong, Ali Lee, Kathy Chow, Ashley Lin, Tiffany Lau and Elva Ni added a sprinkle of stardust to the event.Top models Qi Qi and Cissy Wang also made an appearance to show their support, with leading model Ella Yam showcasing Guo Pei's latest designs.

Celebrating its 10th anniversary edition, CENTRESTAGE opens tomorrow (3 September) and sees a record participation of over 260 brands from 25 countries and regions. The UK is participating for the first time as Partner Country of the event, showcasing unique creations from various British designers. The four-day fashion spectacle is open to industry professionals and the public free of charge. The programme features more than 40 events, including around 30 fashion shows and parades, welcoming visitors from Hong Kong, Mainland China and overseas to experience the charm and creativity of Asia’s fashion capital. On Thursday, 4 September, Guo Pei will appear in person for a master sharing session, offering rare in-person insights into her creative journey and design philosophy.

To ensure the event could be widely enjoyed, CENTRESTAGE ELITES was livestreamed across various official websites and online platforms. Fashion enthusiasts around the world can revisit the spectacular show on the following platforms:

- CENTRESTAGE official website: https://www.hktdc.com/event/centrestage/en/livestream - CENTRESTAGE Instagram: https://www.instagram.com/centrestage_hktdc - HKTDC exhibition channel Facebook page: https://www.facebook.com/share/v/1AAMjms6eB/'mibextid=wwXIfr - HKTDC YouTube channel: https://www.youtube.com/live/dsECvOgiYNE'si=0OLm1S_9hXhjLiYI

Joining the glittering spectacle at CENTRESTAGE ELITES were Rosanna Law, Secretary for Culture, Sports and Tourism of the HKSAR Government (seventh left); Prof Frederick Ma, Chairman of the HKTDC (seventh right); acclaimed fashion designer Guo Pei (sixth left); Andrew Leung, President of the Legislative Council (sixth right); Margaret Fong, Executive Director of the HKTDC (fifth left); Katherine Fang, Chairman of the HKTDC Garment Advisory Committee (fifth right); Vivian Sum, Permanent Secretary for Culture, Sports and Tourism of the HKSAR Government (fourth left); Dr Peter K N Lam, Council Member of the HKTDC (fourth right);  Dr Lo Kam Wing, Council Member of the HKTDC (third left); Lowell Cho, Acting Commissioner for Cultural and Creative Industries of the HKSAR Government (second left); Sophia Chong, Deputy Executive Director of the HKTDC (second right); and Shirley Chan, Council Member of the HKTDC  and other guests.

Ella Yam- wearing collection under the theme “Gilternity: An Everlasting Radiance”

The opening look – a special collaboration between Guo Pei and PolyU students and researchers

Finale piece- worn by international supermodel Lauren de Graaf

Websites

- CENTRESTAGE: www.centrestage.com.hk - CENTRESTAGE buyer online registration: https://bit.ly/4m8mv33 - CENTRESTAGE Instagram: https://www.instagram.com/centrestage_hktdc/'hl=en - Fashion Hong Kong: https://www.fashionhongkong.com.hk/en - Hong Kong Young Fashion Designers' Contest (YDC): www.fashionally.com

Media enquiries

Best Crew Public Relations & Marketing Diana Tang  Tel: (852) 3594 6443  Email: diana.tang@bestcrewpr.com Reni Kwok  Tel: (852) 3594 6443  Email: reni.kwok@bestcrewpr.com

HKTDC’s Communications and Public Affairs Department: Sharon Ha  Tel: (852) 2584 4575  Email: sharon.mt.ha@hktdc.org Katy Wong  Tel: (852) 2584 4524  Email: katy.ky.wong@hktdc.org

HKTDC Newsroom: http://mediaroom.hktdc.com/en

About the HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. 

About Cultural and Creative Industries Development Agency (CCIDA)

The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan. CCIDA’s website: www.ccidahk.gov.hk.