3/31/20

Yincheng Life Service Announced 2019 Annual Results

HONG KONG, Apr 1, 2020 - (ACN Newswire) - On 31 March 2020, A leading enterprise in the property management industry in Nanjing and Jiangsu Province, the PRC, Yincheng Life Service Co., Ltd ("Yincheng Life Service" or "the Company", together with its subsidiaries, "the Group") (Stock code: 1922), announced its annual results for the Period ended 31 December 2019 (the "Period").


From left to right: Ms. Huang Xuemei, Executive Director and Vice President; Mr. Xie Chenguang, Chairman and Non-executive Director; Mr. Li Chunling, Executive Director and President and Mr. Wu Jianwei, Financial Controller


RESULTS HIGHLIGHTS
- Revenue Increased by 48.8% YoY to RMB695.8 Million
- Core Net Profit Increased by 68.6% YoY to RMB45.7 Million
- Gross Profit Increased by 68.4% YoY and Gross Profit Margin Increased to 16.1%
- GFA under Management Increased by 68.4% and Contracted GFA Increased by 38.1%
- Seizing Opportunities in the Industry, Undergoing Project Development and Industry Mergers and Acquisitions

The increase in revenue and core net profit by approximately 48.8% and 68.6% respectively, while gross profit margin increased to 16.1%

In 2019, as the number of projects managed by the Group increased, the revenue for property management services rose accompanied by the expanded scope of community value-added services due to the continuous development of the Group's business. During the Period, the Company's revenue rose by 48.8% YoY from RMB467.7 million to RMB695.8 million. Among them, due to the continuous growth in the GFA under management, the revenue from the property management services reached RMB553.1 million, an increase of 50.5% YoY from RMB367.6 million from the last Period, accounting for 79.5% of total revenue. The expansion of the GFA under management and the substantial increase in the number of users served raised the revenue from community value-added services to RMB142.7 million, an increase of 42.7% from RMB100.0 million in the same period last Period and accounted for 20.5% of total revenue. Profit for the Period was approximately RMB33.2 million, an increase of 22.5% from approximately RMB27.1 million in 2018. Excluding listing expenses, the Group's core net profit was RMB45.7 million, a significant increase of 68.6% YoY was noticed, and the core net profit margin increased by 0.8 percentage points to 6.6%. The increase in core net profit margin was mainly attributable to the rapid growth of the Group's business and the effect of cost scale while improving the operating conditions of second-hand property management projects undertaken. The gross profit increased by 64.8% to RMB111.9 million, mainly due to the increase in revenue and the reduction of investment and the number of third-party real estate developers' projects undertaken by the Group gradually entered the mature stage. Gross profit margin was 16.1%, an increase of 1.6 percentage points from 2018 was seen.

Deeply engaged in developed cities in the Yangtze River Delta Megalopolis with Nanjing being the regional focus

As of December 31, 2019, the Group's business covered 15 cities in China, including 10 cities in Jiangsu Province and 5 cities in other provinces in the Yangtze River Delta metropolis, with the GFA under management of approximately 26.1 million square meters. The Company managed 239 properties, including 116 residential properties and 123 non-residential properties, serving more than 140,000 households. Despite being a leading company in Nanjing's property management industry, Yincheng Life services still has a huge room for growth in terms of its market share in Nanjing due to the high degree of market fragmentation. While actively acquiring new projects for expansion, the Group also improved its overall profitability by enhancing the efficiency of its second-hand property management projects. As an expert on second-hand property management projects, the Group successfully made profits from 18 second-hand property management projects during the Period, and these projects is believed to help increasing the Group's future profits.

68.4% increase in GFA under management and 38.1% increase in contracted GFA

In tandem with its good reputation in the Yangtze River Delta, trusted brand image, and strong operating ability, Yincheng Life Services has developed rapidly in recent years, and has achieved a compound annual growth rate of more than 58.0% in GFA under management since 2016. As of 31 December 2019, the Group's GFA under management reached approximately 26.1 million square meters with an increase of 68.4% YoY. The contracted GFA reached 30.8 million square meters with an increase of 38.1% YoY, which guarantee the continuous future expansion and stable income.

Benefiting from the rapid growth in contract sales of Yincheng International, the newly taken over contracted GFA of the Group also increased steadily. During the Period, the GFA under management of second-hand property management projects reached 20.7 million square meters, accounting for 79.3% of the Group's total GFA under management. In 2019, the Group submitted 232 tenders for second-hand property management projects, with the tender success rate at approximately at 57.3%, indicating that the Group is actively expanding its scale and has the comprehensive competitiveness to obtain new projects in the market. These newly adopted second-hand projects has either larger management area or higher service fee level.

Project development and industry mergers and acquisitions

Good reputation and brand value are the two important advantages of the Group, they are also the most effective and important factors in bringing new projects in for further expansion. During the Period, the Group obtained 39 non-residential property projects with an increase of 46.4% YoY while for residential projects, an increase of 48.7% YoY to 38 new projects was recorded. Revenue from residential projects and non-residential projects accounted for 62.2% and 37.8% of the revenue, respectively. Meanwhile, the Group actively seeks subjects of acquisitions that are complementary and conducive to its business expansion. During the Period, the Group had 1 merger and acquisition project. In March 2020, the Group successfully ventured into the sector of hospital property management which has a higher gross profit margin by acquiring 51% equity interest in a hospital property management service provider at a consideration of RMB 45.9 million, laying a foundation for the Group to secure more contracts of this type in the future. The Group will accelerate the pace of realizing outstanding project mergers and acquisitions and create more returns for shareholders.

Under the operational philosophy of "exceeding customer expectations and creating value through service", and the service philosophy of "Living+", and the business model of "service alignment, business modularisation, modules specialisation and management digitalisation", the Group has been deeply engaged in regional markets, with customers' satisfaction exceeding 80% for the past years and reaching 84% in 2019, being 11% higher than the average level in the industry according to Beijing Saiwei Consulting CO.,Ltd., an authority research agency. While actively acquiring new customers, the Group strives to maintain long-term service relationships with its existing customers. In 2019, the renewal rate of customers of the Group was over 90%. Due to the owners' recognition of the work of the Group and the efforts of its collection team, the collection rate of the Group's property management fees was high and reached 91.1% in 2019.

XIE Chenguang, Chairman of Yincheng Life Service CO., Ltd, said "2019 is a milestone for us. After Yincheng International Holding Co., Ltd. ((stock code: 1902) together with its subsidiaries, "Yincheng International"), a sister company of the Group, was listed on the Main Board of the Stock Exchange in March 2019, the Group was successfully listed on the Main Board of the Stock Exchange on 6 November 2019, had an outstanding performance with an over-subscription of approximately 382 times in the global offering. This is the first time that two companies which are sister companies to each other were listed on the Stock Exchange within one year. Yincheng Life Service has been deeply engaged in the industry for more than 20 years and committed to provide the highest quality property management services and value-added services to residential communities. It has developed from a local property management service provider in Nanjing to one of the leading property management service providers in Nanjing and the Jiangsu Province. According to the report prepared by an independent third- party industry expert, the Group ranked 1st and 5th in terms of revenue among property management service providers in Nanjing and the Jiangsu Province in 2018, respectively, and ranked 34th among China's Top 100 Property Companies in 2019. The successful entry into the capital market of Hong Kong is an important step for the Group to develop and grow with the power of capital, as well as take a leap from an industrial company to an industrial and capital company.

Looking forward, the property management services industry is on a steady upward trend. In the short run, the Group will continue to make full use of its good reputation, brand value, operational management strength to obtain more new projects, increase its revenue, and enhance its profitability by improving the cost-effectiveness. In the long run, the Group will actively seek acquisition and merger projects which are conducive to its business expansion to further expand the size of its business. Meanwhile, the Group will carefully study and consider new orientation and new business forms, as long as they are in the interest of its shareholders as a whole. As driven by two drivers, namely the property management services and community value-added services, the Group is confident in maintaining steady development and shall ride a wave at the right time. We will continue to optimise our service quality and enhance our brand influence and market competitiveness, and reward the shareholders, customers and society with more brilliant results"

Today, Yincheng Life Service held the 2019 annual results online briefing in Nanjing headquarter. Over 100 fund managers, equity analysts and reporters participated in the event. The management gave the introduction of annual results and answered the participants' questions.



Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58342/

昭和電工、2020年入社式社長訓示(要旨)

TOKYO, Apr 1, 2020 - (JCN Newswire) - 昭和電工の森川宏平 代表取締役社長は本日、2020年入社式社長訓示を行いました。要旨は以下のとおりです。


代表取締役社長 森川 宏平


世界トップレベルの機能性化学メーカーになる

現在の中期経営計画である「The TOP 2021」は、昭和電工グループが成長に大きく舵を切り、一流を目指して歩み始めることを宣言したものだ。

さらに昨年末、当社は日立化成グループをパートナーとして、新たな一歩を踏み出すことを決断した。我々は、「世界トップレベルの機能性化学メーカー」になるという明確な目標を掲げ、創業者 森矗昶の座右の銘「不撓不屈」を受け継ぐやり遂げる力で、この不確実な時代を乗り越えていく。

当社グループの一人ひとりの従業員は、この目標を本気で目指し、前進し続ける。共に頑張っていこう。

価値創造の主役に求める3つの行動

当社グループのミッションは「すべてのステークホルダーを満足させる」ことである。その実現のために、しっかりした「今」と期待の持てる「将来」を示すことが必要である。共に未来を担い企業価値を高めていくため、次の3つの実行を求める。

1.考える
新入社員の皆さん自身だけでなく会社の成長に向け、「今の自分に何ができるか」、世の中が「何を求めているか」、自分たちが「どうあるべきか」、そのために「何が不足しているのか」を考える、バックキャスティングの視点を常に意識すること。 そのためには広い視野で最新の情報を入手し続け、感度を鈍らせないよう努力を惜しまないでほし い。

2.有言実行
掲げた目標を言葉にし、必ず実行すること。困難が伴っても簡単にあきらめずに、覚悟と責任をもってこれからの仕事に取り組んでほしい。

3.こころを、社会を「動かす」
当社にとって、ステークホルダーの中でも従業員を最も重要と考えるのは、当社グループの価値創造の主体であり、他のステークホルダーへ価値を提供することができる唯一の存在であるからだ。価値創造の主役である皆さんに、世の中に感動を与えるような、こころを、社会を「動かす」行動を期待する。

本リリースの詳細は下記URLをご参照ください。
https://www.sdk.co.jp/news/2020/37921.html

概要:昭和電工株式会社

詳細は www.sdk.co.jp をご覧ください。

お問い合わせ先
CSR・コミュニケーション室
03-5470-3235


代表取締役社長 森川 宏平



Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/2pbRN02

Honda、「延長保証マモル」に長期コースを導入

TOKYO, Apr 1, 2020 - (JCN Newswire) - Hondaは、「延長保証マモル」に、乗用車は7年、軽貨物車は6年まで保証を延長する「長期コース」を本日より導入します。

延長保証マモルは、メーカー保証が終了した後も同程度の保証を、初度登録日から、乗用車は5年、軽貨物車は4年まで延長するサービスで、2001年のサービス開始以降、多くの方に加入いただいています。

車の故障発生率と修理単価は、5年目までと比較して、6年目以降上昇する傾向※1があり、使用期間が長くなるほど車の故障・修理に関するリスクは増加します。また、車の買い替え年数は、性能向上などを背景に年々伸びており、Hondaが実施した調査※2においては、約6割の方が、次回新車を購入する場合は6年以上保有したいと回答しました。

このような背景を踏まえて、3回目車検まで保証を延長する新コースを設定しました。新車購入時の加入とすることで、お手頃な料金で長期保証を提供し、長期保有を希望される方も安心して車に乗っていただくことが可能となります。

Hondaは今後も、Honda Cars(ホンダカーズ)での先進メンテナンスに加え、定期点検パック「まかせチャオ」や純正交換部品など、充実したアフターサービスメニューの提供を通じて、お客様の安心・快適なカーライフをサポートしてまいります。

本リリースの詳細は下記をご参照ください。
https://www.honda.co.jp/news/2020/c200401.html

概要:本田技研工業株式会社

詳細は www.honda.co.jp をご覧ください。



Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/2pbRN02

BitDeer.com Launches Antminer S19 Pro Acceleration Plan

SINGAPORE, Apr 1, 2020 - (JCN Newswire) - BitDeer.com, the first computing power sharing platform to launch the highly anticipated Antminer S19 Pro mining plans, unveils an innovative acceleration plan for users, which would speed up the process of returns.

BitDeer.com is launching an acceleration plan that allows customers who purchase their S19 Pro mining plans to gain returns at a faster rate. It comes fully loaded with a multitude of variances for the consumer in order to maximize the return catered to their needs. This announcement comes after news that the S19 Pro plans that first debuted on Bitdeer.com were sold out within 2 minutes of its release. For a limited period, purchasers of S19 Pro mining plans are able to enjoy up to 50 free mining days. With low power consumption and the longstanding trust the platform has built and nurtured with suppliers and mining pools, BitDeer.com has provided this unique computer power sharing package to further accommodate their community.

Following the drop of prices, Chief Marketing Officer, Ray Shi, stated that "security is of the utmost concern for users with bearish sentiments". The classic plans have a higher ROI for long-term customers, while this new plan gives options to its users who are looking for faster returns, giving customers with varying sentiments and preferences towards the market an opportunity to gain during different conditions. The new plan boasts a design in which the purchase cost is relatively low, which would be favourable for users who aim to recover their mining investments faster and allow them to actively respond to changes in market conditions. Under the accelerated plan, the platform has zero initial profits and even subsidies. Every day when the accumulated mining revenue minus the paid electricity fee is less than the computing power cost, users get all the earnings during this period. Meanwhile, if the amount is equal to or greater than the computing power cost, earnings would be calculated on a daily basis and distributed accordingly. If the calculation is negative, there will not be any return distribution.

With their flexibility in offering a wide variety of currencies, varying cycle lengths and more options and opportunities, BitDeer.com differentiates itself from its competitors by being customer-focused. During the recent price dip, a subsidy policy for T15 plans ( https://twitter.com/BitDeerOfficial/status/1238458317485137921 ) which has now ended, allowed users to apply for suspension of electricity delay mining. For more information on BitDeer.com and their initiatives, please visit the official website.

About BitDeer

BitDeer is the world's leading computing power-sharing platform, enabling global users to mine cryptocurrencies in a transparent, reliable, and convenient way. It saves users from the complicated process of purchasing, installing, and hosting mining machines. Individual miners can enjoy the service with just one click.

For more information, please visit:
Website: https://www.BitDeer.com
Facebook: https://www.facebook.com/BitDeerplatform
Twitter: https://twitter.com/BitDeerOfficial
YouTube: https://www.youtube.com/watch?v=lu95K9N5CM4
VK: https://vk.com/public174640639

Media Contact
MagicFew
Email: hello@magicfew.com



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Trintech Offers Adra Task Manager at No Cost to Help Organizations Close Their Books Confidently While Working Remotely

DALLAS, TX / ACCESSWIRE, Mar 31, 2020 - (JCN Newswire) - In the midst of the current crisis, many finance & accounting (F&A) teams across the globe are navigating unchartered waters as they approach month end close with a dispersed remote workforce. As a leading provider of financial software solutions, Trintech announced today that its best-in-class Adra Task Manager solution will be available at no cost, for up to 6 months, to help mid-sized organizations close their books confidently while they work remotely. This SaaS-based solution is deployed remotely and can be up and running in minutes, fully functional within a day or two, ensuring accuracy and simplifying your existing processes.

Diane Foss, Director of Finance at Genesis Systems recently stated, "I'm really glad we implemented both Adra Task Manager and Balancer, especially with the current situation. We do have quite a few of our departments working from home now and Adra will help so much in keeping track of where we are at with our upcoming close since we aren't a shout away from each other."

With Adra Task Manager, task lists are built with clear and concise instructions that create ownership and accountability across your remote organization. Real-time dashboards allow managers to check progress anytime and from anywhere to help identify issues that need immediate attention, and to ensure clear, efficient communication. Notifications and alerts keep teams on task, with archived comments to streamline future communications. The approval workflow and built-in segregation of duties provides needed governance and control, with an audit trail automatically created to allow for consistent tracking.

"As someone who has worked in Finance for 20+ years and was the previous CFO of Trintech, I know firsthand how stressful the month-end process can be, especially during a dynamic time like this," said Darren Heffernan, President, Mid-Market at Trintech. "As organizations navigate their new "normal" of working remotely, we will be offering our Adra Task Manager solution at no cost for up to 6 months to help ease this transition. This offering will provide new and existing customers increased visibility and control, helping them close their books confidently each month."

In addition to the offering of the Adra Task Manager solution, organizations can gain full access to Trintech's Customer Success Center consisting of educational online resources and self-led training materials including pre-built templates that simplify setup, a knowledge base, and forums where you can ask questions and share best practices with other Task Manager users.

If you are interested in using the Adra Task Manager solution, you can contact us here to get started. https://go.trintech.com/AdraTaskManager-Offer.html

Currently deployed by over 1,800 companies across the globe, the Adra Suite provides cloud-based, financial close and reconciliation solutions for companies looking to quickly increase the efficiency, control and visibility for all key areas of the financial close process including: balance sheet reconciliations (Adra Balancer), transaction matching (Adra Matcher), and financial task management and controls (Adra Task Manager).

About Trintech

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance - Trintech's portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide - including the majority of the Fortune 100 - rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kelli Shoevlin
+1-972-739-1680
Kelli.Shoevlin@trintech.com

SOURCE: Trintech, Inc.



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China Risun Announces 2019 Annual Results

HONG KONG, Mar 31, 2020 - (ACN Newswire) - China Risun Group Limited ("China Risun", or the "Group", stock code: 1907), a leading global integrated coke, coking chemical and refined chemical producer and supplier in China, announced its unaudited consolidated results of the Company and its subsidiaries (collectively referred to as the "Group") for the year ended December 31, 2019. The unaudited annual results for the year ended December 31, 2019 have not been agreed with the Group's auditors. Following the completion of the auditing process, the Group will publish further announcement(s) in relation to the audited results for the year ended December 31, 2019, which is expected to be on or before mid April 2020.

Overview
Due to decreased revenues from the coke and coking chemical business, refined chemicals business and trading businesses, the Group reported revenue for the year ended December 31, 2019 was RMB18,842.0 million. Profit attributable to owners of the Company was RMB1,363.2 million. Basic earnings per share of the Company was RMB0.34. The Board recommended a final dividend of RMB3.82 cents per share, with a total amount of approximately RMB156.2 million for the year ended December 31, 2019.

Starting from January 1, 2019, the Group recognised operation management segment as a separate business segment. During the year ended December 31, 2019 and up to the date of this announcement, the Group entered into four (2018: three) new operation management agreements and capital injection agreement with independent third parties in Shandong, Inner Mongolia and Jiangxi respectively.

With an aim of strengthening its leading position as a global coke and refined chemical producer and supplier, the Group formed a joint venture with Lingyuan Iron & Steel Energy Co., Ltd. ("Lingyuan Iron & Steel") in December 2019. The Joint Venture will mainly invest in the construction of an ancillary coking project in Lingyuan Economic Development Zone. Lingyuan Economic Development Zone is a provincial economic development zone which mainly serves as a rally point for automobile, steel and glass industries. Upon completion, it is expected to have a capacity of 3 million tonnes of coking and other refined chemical products, of which most coking products will be supplied to Lingyuan Iron & Steel. This will provide a stable and predictable sales demand for the project.

Business Prospects
Looking forward to 2020, the Group will continue to increase its market share by expanding its operation management together with merger and acquisition. Within the operation management, the Group developed a new cooperative model in the Inner Mongolia Project and will continue to explore different ways to promote the operation management. The aim is to maintain our leading position in the coke, coking chemical and refined chemical market, leverage on its brand awareness and enhance coverage of sales and marketing network as well as business expansion strategies.

In addition, the Group also plan to strengthen its production line of coke and coking chemicals and refined chemicals by adding refinement of hydrogen-based products. In view of the potential business of hydrogen-based products, the Group is upgrading its production facilities at its Dingzhou production base in phrases, while the first phrase of production facilities of hydrogen energy products is expected to be completed by May 2020.

The Group will also enhance the production capacity of self-owned facilities and improve the environmental protection facilities. The Group commenced the construction of (1) production facilities with annual production capacity of 300,000 tons of styrene in Tangshan Production Base, and (2) a coke dry-quenching project at our Dingzhou Production Base, during the year ended December 31, 2019.

About China Risun Group Limited
China Risun Group Limited is the world's largest independent producer and supplier of coke by volume in 2019, according to Frost & Sullivan. The Group is an integrated coke, coking chemicals and refined chemicals producer and supplier in China and holds leading positions in a number of refined chemicals sectors both in China and globally. China Risun has been included among the 2019 Fortune China 500 companies, and ranked fourth on the Return on Equity (ROE) list. The vertically-integrated business model together with more than 20 years of experience in the coal chemicals industry production chain has enabled the Group to further tap the downstream refined chemicals markets and hence diversify its income sources and create greater value. For more details, please visit http://www.risun.com/En/


Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58288/

KDDI Shanghai receives UiPath award for outstanding contribution to sales in China

TOKYO, Mar 31, 2020 - (ACN Newswire) - KDDI Shanghai, a subsidiary of KDDI Corporation, was selected by UiPath Inc. (HQ: America, CEO: Daniel Dines) for the "2019 Outstanding Contribution Award", an annual award granted to top sales partners in China for their contribution to sales of UiPath products.


2019 "Outstanding Contribution Award"


KDDI Shanghai is the only Japanese corporation in China that is a UiPath Gold Partner. It offers advanced one-stop UiPath solutions to customers, from sales of product licenses to development of UiPath robots, training and support. In both 2018 and 2019, KDDI Shanghai recorded top sales of UiPath products in China among UiPath's resellers.

KDDI Shanghai will continue offering UiPath automation solutions to aid customers in addressing their business needs.

2019 "Outstanding Contribution Award"

KDDI's RPA solution "UiPath with KDDI"
For details, see:
https://global.kddi.com/products_services/detail2/uipath-with-kddi.html

Send inquiries to:
KDDI Shanghai
Phone: +86-21-6391-7777
Email: info-sh@kddi.com.cn

About KDDI

KDDI is telecommunication service provider in Japan, offering both mobile and fixed-line communications. With its well-established base of over 40 million customers, and through mobile services and shops offering its "au" brand, KDDI is expanding its services into the "Life Design" business, which includes e-commerce, fintech, nationwide electric power utility services, entertainment and education. With a 60-year history, KDDI is now focusing on creating smart infrastructure through IoT technologies and open innovation with partners and start-up companies in diverse industries. KDDI is accelerating the global growth of its telecommunications consumer business, with operations in Myanmar and Mongolia, and in the global ICT business with the "TELEHOUSE" brand. KDDI (TYO:9433) is listed on the Tokyo stock exchange. http://www.kddi.com/english/.

*Full press release can be viewed at https://bit.ly/2WV799U

Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58246/

TANAKA Memorial Foundation Announces Recipients of Precious Metals Research Grants

TOKYO, Mar 31, 2020 - (ACN Newswire) - The TANAKA Memorial Foundation's Representative Director, Hideya Okamoto, announced the recipients of the FY2019 Precious Metals Research Grants.

Following a rigorous screening process, Gold Awards, each for 2 million yen, were presented to Professor Yasuhiro Konishi of Osaka Prefecture University and Associate Professor Kazuhiko Yamada of Kochi University. In addition, five research projects received Silver Awards, and two Young Researcher Awards were granted.

The TANAKA Memorial Foundation undertakes programs designed to foster developments in new precious metal fields while contributing to the advancement of science, technology, and socio-economics for the overall enrichment of society. The research grant program was launched in FY1999 and has continued each year since with the goal of supporting the various challenges of the "new world opened up by precious metals." This year, the program's 21st year, a total of 198 applications were received in a wide range of fields where precious metals can make contributions to the research and development of new technologies. A total of 16.1 million yen in research grants was awarded for 26 projects.

The names of the two Gold Award recipients, their research, and the reasons for their selection are below.

- Professor Yasuhiro Konishi, Osaka Prefecture University
Development of recycling technology that creates an industry for recycling precious metals from global e-waste
This research seeks to create a method of highly efficient selective recovery of precious metals in a liquid by using bread yeast (a common product) as a separating agent. Professor Konishi is researching the separation and recovery of precious metals through a simple technique using bread yeast that can be applied by anyone (not only in developed countries, but in developing countries as well). This research was highly rated for the creation of precious metal recycling technology that is less expensive, more efficient, uses less energy, and produces less carbon emissions than earlier techniques while offering the possibility of building a foundation for the promotion of an e-waste resource recycling industry.

- Associate Professor Kazuhiko Yamada, Kochi University
Elucidation of the mysterious surface of gold at a molecular level
This research seeks to elucidate the mysterious surface of gold at a molecular level using the world's only next-generation nuclear magnetic resonance (NMR) device that can measure gold (197 Au). Gold has numerous applications as an industrial material in electronic components, optical sensors, catalysts, medical and diagnostic equipment and materials, and bonding agents, but there are not clear explanations of its organic bond structures and dynamic molecular behavior. By developing and introducing a high-sensitivity measurement system using NMR techniques, it will be possible to explain the structures and dynamic molecular behavior of organic metal bonds, and this research was highly rated for the potential to accelerate research and development.

Five Silver Awards, two Young Researcher Awards, and 17 Encouragement Awards were also granted. The recipients and an overview of the Precious Metals Research Grants are indicated below. Applications for the FY2020 research granted are scheduled to open in the fall.

List of FY2019 Precious Metals Research Grants Recipients

- Platinum Award (0 award, 5 million yen)
Non granted

- Gold Award (2 awards, 2 million yen each)

Yasuhiro Konishi, Professor, Osaka Prefecture University
Development of recycling technology that creates an industry for recycling precious metals from global e-waste

Kazuhiko Yamada, Associate Professor, Kochi University
Elucidation of the mysterious surface of gold at a molecular level

- Silver Awards (5 awards, 1 million yen each)

Norihiro Murayama, Professor, Kansai University
Development of an innovative gold separation and recovery process using a new organic reducing agent

Keisuke Ohto, Professor, Saga University
Sequential recovery of precious metals using a micro-reactor system

Takeshi Tsuji, Associate Professor, Shimane University
Creation of a method for production of binder-free platinum sub-micron particles

Toshinori Fujie, Lecturer, Tokyo Institute of Technology
Development of a wireless power supply on-body blood glucose sensor using digital fabrication

Hironori Ohba, Senior Principal Researcher, National Institutes for Quantum and Radiological Science and Technology
Creation of a precious metal continuous recovery system using laser atomization separation

- Young Researcher Awards (2 awards, 1 million yen each)

Akihiro Yoshimura, Assistant Professor, Chiba University
Creation of an innovative platinum-group metal recycling process using solid aqua regia

Yoshiaki Nishijima, Associate Professor, Yokohama National University
Excess hydrogen exposure response of gold-palladium alloys and hydrogen sensor applications

- Encouragement Award (17 awards, 300,000 yen each)

Hideaki Sasaki, Senior Assistant Professor, Ehime University
Teppei Araki, Assistant Professor, Osaka University
Chen Chuantong, Specially Appointed Associate Professor, Osaka University
Shingo Fukuda, Assistant Professor, Kanazawa University
Yoshiki Shimizu, Research Group Leader, National Institute of Advanced Industrial Science and Technology
Satoshi Hinokuma, Senior Researcher, National Institute of Advanced Industrial Science and Technology
Yasuo Suzuki, Visiting Professor, University of Shizuoka
Jiro Kondo, Associate Professor, Sophia University
Makoto Tanabe, Specially Appointed Associate Professor, Tokyo Institute of Technology
Shintaro Yasui, Assistant Professor, Tokyo Institute of Technology
Kazuhito Tabata, Associate Professor, The University of Tokyo
Junsaku Nitta, Professor, Tohoku University
Shinnosuke Horiuchi, Assistant Professor, Nagasaki University
Takeshi Kato, Associate Professor, Nagoya University
Akinobu Yamaguchi, Associate Professor, University of Hyogo
Kuniaki Nagamine, Associate Professor, Yamagata University
Kaoru Ohno, Professor, Yokohama National University

Overview of the 2019 Precious Metals Research Grants

Conditions:
- New technology related to precious metals.
- Research and development related to precious metals that bring about innovative evolution in products.
- Research and development of new products using precious metals.
*Precious metal refers to eight elements of platinum, gold, silver, palladium, rhodium, iridium, ruthenium and osmium.
*If development is conducted jointly (or planned to be) with other material manufacturers, please indicate so.
*Products that have already been commercialized, put to practical use, or that are planned are not eligible.

Grant amounts:
- Platinum Award: 5 million yen (1 award)
- Gold Award: 2 million yen (1 award)
- Silver Awards: 1 million yen (4 awards)
- Young Researcher Awards: 1 million yen (2 awards)
- Encouragement Award: 300,000 yen (several awards)
*The grant amount is treated as a scholarship donation.
*Awards may not be granted in some cases.
*The number of awards is subject to change.

Eligible Candidates:
- Personnel who belong to (or work for) educational institutions in Japan (universities, graduate schools, or technical colleges), or public and related research institutions.
- As long as the applicant is affiliated with a research institution in Japan, the base of activity can be in Japan or overseas.
- The Young Researcher Awards are for researchers under the age of 37 as of April 1, 2019.

Application period:
- 9am, September 2, 2019 (Mon) - 5pm, November 29, 2019 (Fri)

Inquiries concerning the research grant program:
Precious Metals Research Grants Office
Marketing Department, TANAKA Kikinzoku Kogyo K.K.
22F Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo 100-6422
TEL: 03-6311-5596 FAX: 03-6311-5529 E-mail: joseikin@ml.tanaka.co.jp
TANAKA Memorial Foundation website: https://tanaka-foundation.or.jp

Press release: http://www.acnnewswire.com/clientreports/598/331.pdf

TANAKA Memorial Foundation

Established: April 1, 2015
Address: 22F Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Hideya Okamoto (Senior Advisor to TANAKA Holdings Co., Ltd.)
Purpose of Business: To provide grants for research related to precious metals to contribute to the development and cultivation of new fields for precious metals, and to the development of science, technology, and the social economy.
Areas of Business:
- Provision of grants for scientific and technological research related to precious metals.
- Recognition of excellent analysis of precious metals and holding of seminars and other events.

TANAKA Kikinzoku Kogyo K.K.

Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Akira Tanae, Representative Director & CEO
Founded: 1885
Incorporated: 1918
Capital: 500 million yen
Employees: 2,332 (including overseas subsidiaries) (as of March 31, 2019)
Sales: 765,869,423,000 yen (FY2018)
Main businesses: Manufacture, sales, import and export of precious metals (platinum, gold, silver, and others) and various types of industrial precious metals products.
Website: https://tanaka-preciousmetals.com

Press Inquiries
TANAKA HOLDINGS Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58118/

Zhonghua Gas Holdings Limited Announces 2019 Annual Results

HONG KONG, Mar 31, 2020 - (JCN Newswire) - Zhonghua Gas Holdings Limited (the "Company"; Stock Code: 8246.HK) together with its subsidiaries (collectively as the "Group") today announces its 2019 annual results. For the year ended 31 December 2019 ("the Current Year"), the Group recorded a 7.3% year-on-year increase in total revenue from continuing operations, from HKD366.7 million in the Previous Year to HKD384.9 million. The New Energy Business contributed over 99.9% to the Group's total revenue. Profit and total comprehensive income attributable to owners of the Company decreased by 46.7%, from HKD94.6 million for the Previous Year to HKD49.4 million for the Current Year. Basic and diluted earnings per share for the Current Year was HKD1.5 cents and HKD1.3 cents respectively, as compared to HKD2.7 cents and HKD2.6 cents in the Previous Year. The Board did not recommend the payment of any dividend for the Current Year (Previous Year: HKD0.5 cent per ordinary share).

The main reasons for the drop in the gross profit ratio and net profit were that the liquefied natural gas ("LNG") supplies had a lower gross profit margin and an expected credit losses provision was made for the trade receivables at RMB9.4 million (Previous Year: Nil). Moreover, the government subsidy was also reduced by RMB7.3 million for the Current Year.

During the Current Year, the Group focused on the expansion of the New Energy Business in terms of strengthening LNG supply during the heat supply period and enhanced its sales platforms and capabilities. The Group continued to obtain and complete a number of construction related and consultancy contracts. The subsidiary that operated LNG supply and related businesses brought stable income to the Group. The rental and management fees from LNG storage tanks and trading of new energy related industrial products were also other income sources for the Group.

The Group has been seeking new partnership in different regions, aiming to adopt a win-win strategy through co-exploring the LNG markets and securing stable LNG supplies with an extended and strong supply chain. At the end of last year, the Group successfully cooperated with Shanghai Jiulian Group, a wholly-owned subsidiary of the Shanghai Shenergy Group. Both parties agreed to form a Joint Venture to secure the supply of LNG resources and develop the business into the high potential market in the Yangtze River Delta region. Meanwhile, the Group continued to maintain strong business relationships with Tractebel Engineering S.A. from France and Tianjin Jinre Heat-Supply Group Co. Ltd.

Looking ahead, the Group will adopt a prudent business approach in near term to cope with the impact of COVID-19. The Group will actively identify suitable opportunities to develop any existing and new construction related and consultancy business. It will also cautiously execute strategic plans to enlarge its business scopes and take steps to gradually grow the scale of the LNG supply business, forge comprehensive partnership in the new energy sector as well as search for the PRC and international LNG suppliers to enrich its product portfolio. The Group's determination to become a leading diversified and integrated new energy service provider in the PRC remains unchanged. It will concentrate on extending its New Energy business coverage to other major cities in the PRC and be committed to broadening its income streams to achieve sustainable profitability and assuring the supply of LNG resources.

Zhonghua Gas Holdings Limited
Zhonghua Gas Holdings Limited is principally engaged in provision of diverse integrated new energy services including technological development, construction and consultancy services in relation to heat supply and coal-to-natural gas conversion, supply of liquefied natural gas, coupled with trading of new energy related industrial products. The Group is also engaged in the property investment business.




Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/2pbRN02

3/30/20

Zhonghua Gas Holdings Limited Announces 2019 Annual Results

HONG KONG, Mar 31, 2020 - (ACN Newswire) - Zhonghua Gas Holdings Limited (the "Company"; Stock Code: 8246.HK) together with its subsidiaries (collectively as the "Group") today announces its 2019 annual results. For the year ended 31 December 2019 ("the Current Year"), the Group recorded a 7.3% year-on-year increase in total revenue from continuing operations, from HKD366.7 million in the Previous Year to HKD384.9 million. The New Energy Business contributed over 99.9% to the Group's total revenue. Profit and total comprehensive income attributable to owners of the Company decreased by 46.7%, from HKD94.6 million for the Previous Year to HKD49.4 million for the Current Year. Basic and diluted earnings per share for the Current Year was HKD1.5 cents and HKD1.3 cents respectively, as compared to HKD2.7 cents and HKD2.6 cents in the Previous Year. The Board did not recommend the payment of any dividend for the Current Year (Previous Year: HKD0.5 cent per ordinary share).

The main reasons for the drop in the gross profit ratio and net profit were that the liquefied natural gas ("LNG") supplies had a lower gross profit margin and an expected credit losses provision was made for the trade receivables at RMB9.4 million (Previous Year: Nil). Moreover, the government subsidy was also reduced by RMB7.3 million for the Current Year.

During the Current Year, the Group focused on the expansion of the New Energy Business in terms of strengthening LNG supply during the heat supply period and enhanced its sales platforms and capabilities. The Group continued to obtain and complete a number of construction related and consultancy contracts. The subsidiary that operated LNG supply and related businesses brought stable income to the Group. The rental and management fees from LNG storage tanks and trading of new energy related industrial products were also other income sources for the Group.

The Group has been seeking new partnership in different regions, aiming to adopt a win-win strategy through co-exploring the LNG markets and securing stable LNG supplies with an extended and strong supply chain. At the end of last year, the Group successfully cooperated with Shanghai Jiulian Group, a wholly-owned subsidiary of the Shanghai Shenergy Group. Both parties agreed to form a Joint Venture to secure the supply of LNG resources and develop the business into the high potential market in the Yangtze River Delta region. Meanwhile, the Group continued to maintain strong business relationships with Tractebel Engineering S.A. from France and Tianjin Jinre Heat-Supply Group Co. Ltd.

Looking ahead, the Group will adopt a prudent business approach in near term to cope with the impact of COVID-19. The Group will actively identify suitable opportunities to develop any existing and new construction related and consultancy business. It will also cautiously execute strategic plans to enlarge its business scopes and take steps to gradually grow the scale of the LNG supply business, forge comprehensive partnership in the new energy sector as well as search for the PRC and international LNG suppliers to enrich its product portfolio. The Group's determination to become a leading diversified and integrated new energy service provider in the PRC remains unchanged. It will concentrate on extending its New Energy business coverage to other major cities in the PRC and be committed to broadening its income streams to achieve sustainable profitability and assuring the supply of LNG resources.

Zhonghua Gas Holdings Limited
Zhonghua Gas Holdings Limited is principally engaged in provision of diverse integrated new energy services including technological development, construction and consultancy services in relation to heat supply and coal-to-natural gas conversion, supply of liquefied natural gas, coupled with trading of new energy related industrial products. The Group is also engaged in the property investment business.



Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58268/

Duiba Group Limited Announces 2019 Annual Results

HONG KONG, Mar 31, 2020 - (JCN Newswire) - Duiba Group Limited,(the "Company" and together with its subsidiaries, the "Group"; Stock Code:1753.HK) China's leading user management SaaS provider for online businesses and pioneer of the interactive advertising platform operator, is pleased to announce the audited consolidated annual results of the Group for the year ended 31 December 2019 (the "Reporting Period").

Financial Highlight:
For the 12 months ending 31 December 2019, the Group recorded:
- A total revenue of approximately RMB 1.65 billion, with an increase of approximately 45% YoY.
- The adjusted profit was approximately RMB 340.0 million, representing a growth of approximately 66% YoY.
- The adjusted net profit margin increased from 18.0% in 2018 to 20.6%.
- The revenue from interactive advertising business surged by approximately 45.7% to RMB 1.62 billion YoY.
- The revenue from user management SaaS increased significantly by approximately 146.4% to RMB 33.7 million YoY.

For the year ended 31 December 2019, the Group recorded a total revenue of RMB 1.65 billion (2018: RMB 1.14 billion), with an increase of approximately 45% from 2018. The adjusted profit of the Group was approximately RMB 340 million (2018: RMB205 million), representing a growth of approximately 66%. Meanwhile, the Group's adjusted net profit margin increased to 20.6% (2018:18.0%).

The adjusted profit is the addition of share-based payments, listing expenses, changes in the fair value of financial liabilities measured at fair value and recorded in profit and loss, and financing costs.

The increase of the Group's total revenue was primarily attributed by the growth in the revenue from
the Group's interactive advertising business during the year ended 31 December 2019, surged by approximately 45.7% to RMB1.62 billion (2018: RMB 1.11billion). 43% of the revenue was contributed by e-commerce industry and 44% of the revenue was contributed by the financial industry. As at 31 December 2019, 90% of the Group's interactive advertising platform's audience came from non-tier-one-cities. Currently, advertisers such as financial enterprises and e-commerce platforms with increased penetration to lower tier cities will increase their spending on interactive advertisement, which will be a key driver for the Group's growth in coming years.

As at 31 December 2019, the Group designed more than 14,000 advertising campaigns, most of which were the first-of-their-kind on the market. During the year ended 31 December 2019, the average revenue per chargeable click under the CPC model of the Group's interactive advertising platform increased to RMB0.37 (2018: RMB0.35) while the average CTR (click-through rate) of the Group's interactive advertising business reached 27.1% (2018: 26.3%) through the Group's continuing efforts to upgrade products and technology.

As at 31 December 2019, the Group further facilitated the monetization of user traffic generated from the SaaS business, the revenue generated from the Group's user management SaaS business increased significantly by approximately 146.4% to RMB 33.7million (2018: RMB13.7 million), which mainly due to the increasing number of contracted and renewed customers and the increased unit price. As at 31 December 2019, paying customers which used the Group's charged user management SaaS services increased to 645 (2018: 373) including 376 app developers which are online businesses and 269 offline businesses. The number of newly signed contracts (including renewed contracts) for the Group's user management SaaS business reached 649 in 2019 (2018:378). The total value of newly signed contracts (including renewed contracts) in 2019 was approximately RMB43.4 million (2018: approximately RMB9.8 million).

The sales and marketing strategy of the Group's user management SaaS business for offline businesses is to actively explore cooperation opportunities with top brands in sectors including retailing, catering, banking and new media. In 2019, we made breakthroughs in expanding the Group's banking customer base. Among the ten contracts with the highest contract value of the newly signed contracts (including renewed contracts) in 2019, the customers of eight contracts were banking customers. The total number and the total value of the newly signed contracts (including renewed contracts) with banking customers in 2019 was 65 (2018: 5) and RMB9.7 million (2018: RMB0.7 million) respectively.

The Group covers a wide variety of different user traffic, and have accumulated certain mainstream and high-quality customers such as large leading apps, WeChat's public accounts and top brands in offline businesses. These businesses have a large user base and demand for user management SaaS services, and we believe they present a great untapped potential.

For the year ended 31 December 2019, the Group's net cash inflow generated from operating activities
was RMB 241.0million (2018: net cash outflow RMB7.4 million), net cash outflow used in investing activities was RMB 625.7 million (2018: RMB231.1 million) representing an increase of 170.6% compared with 2018, primarily due to the purchases of financial assets at fair value through profit or loss at the amount of RMB 3,065.9 million (2018: RMB1,564.0 million). The Group's net cash inflow generated from financing activities was RMB 304.4million (2018: RMB403.6 million), primarily due to the proceeds from issue of Shares.

During the year ended 31 December 2019, the Group continued to increase investment in research and development. As at 31 December 2019, the number of employees from the Group's research and development department was 363, accounted for 52.4% of the Group's total employees, which resulted in a 20% increase in the Group's research and development expenses from RMB88.8 million in 2018 to RMB106.6 million in 2019. In order to improve and optimize the algorithms, the Group launched new technologies called "Feng Huo Tai" and "Ba Gua Tai". "Feng Huo Tai" has highly advanced real-time data analysis ability and instant and precise audience targeting ability, meanwhile, "Ba Gua Tai" has significantly improved the efficiency of new products tests in the research and development process.

Mr. Chen Xiaoliang, Chairman of the Board stated: "Our vision is to become a company which can represent the industry in the industrial internet era in the next five to ten years, and truly help enterprises improve their efficiency through our products and services. We deeply understand that "right direction", "long-term perspective" and "persistence" are required for achieving a great cause. Duiba is a very young company with a team full of enthusiasm. Despite many challenges faced in the past years, we have braved difficulties and have achieved good growth in overcoming them."

About Duiba Group Limited (1753.HK)
Duiba Group Limited ("the Group") is a leader and pioneer in user management SaaS business and interactive advertising business in the PRC, the mission is to provide Full-cycle service to help more enterprises in user acquisition, retention and monetization. This unique business model together with strong synergies between user management SaaS platform and interactive advertising platform laid a solid foundation to capture rapid and sustainable growth for Duiba Group Limited. The Group's user management SaaS platform offers various fun and engaging user management tools including reward points operation tools, marketing campaign tools and check-in tools to boost mobile app user activity and participation on apps. Interactive Advertising Business including media monetization service and advertisement serving.






Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/2pbRN02

富士通、東京都主税局様が都税への問い合わせ業務へAIチャットボットサービスを導入し運用開始

TOKYO, Mar 31, 2020 - (JCN Newswire) - 当社はこのほど、東京都主税局様に、顧客接点の高度化を実現する「Customer Engagement Solution CHORDSHIP (コードシップ) powered by Zinrai」(以下、「CHORDSHIP」)を提供しました。東京都主税局様は、「CHORDSHIP」を活用し、納税者からの都税に関する相談や問い合わせに24時間365日自動応対するAIチャットボットサービスを4月1日よりホームページ上で開始し、納税者の利便性向上を実現します。

「CHORDSHIP」は、適切な会話を導くトークスクリプト機能(注1)と、機械学習型の類義語辞書と連動した自然文解析機能を備えたハイブリット型AIを採用しています。これにより、少ないFAQデータでも、税分野特有の専門用語や言葉の揺らぎを踏まえて、会話の意図を的確にとらえた正答率の高いサービスを実現しています。

当社は今後もAIチャットボットの機能強化を通じて、東京都主税局様における税務行政のDX(デジタルトランスフォーメーション)を強力に支援していきます。

本リリースの詳細は下記をご参照ください。
https://pr.fujitsu.com/jp/news/2020/03/31-1.html

概要:富士通株式会社

詳細は http://jp.fujitsu.com/ をご覧ください。



Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/2pbRN02

富士通グループの中長期戦略の策定・実行を支援するシンクタンク「富士通フューチャースタディーズ・センター」を設立

TOKYO, Mar 31, 2020 - (JCN Newswire) - 当社は、富士通グループの中長期戦略の策定・実行を支援するシンクタンクとして、新会社「株式会社富士通フューチャースタディーズ・センター(以下、FFSC)」を設立します。外交や安全保障の分野に知見の深い谷内正太郎氏(当社エグゼクティブアドバイザー、前国家安全保障局長、元外務事務次官)を理事長に迎え、6月1日より事業を開始する予定です。

国際情勢は急速に変化し続けており、企業を取りまく事業環境も一層複雑さを増しています。そのような中、富士通グループが最先端のテクノロジーを駆使したサービスをお客様に提供しながらグローバルに成長していくためには、政治や経済、技術など様々な動向を総合的に把握した上で中長期的な経営戦略を描き、着実に実行していく必要があります。

FFSCは、国内外の第一線で活躍する研究者、実務家、ビジネスパーソンなどと連携し、地政学的な観点を含めた国際情勢と先端テクノロジーの動向を横断的に調査・分析するとともに、その成果を富士通グループに提供することによって、中長期戦略の策定・実行を支援します。

本リリースの詳細は下記をご参照ください。
https://pr.fujitsu.com/jp/news/2020/03/31.html

概要:富士通株式会社

詳細は http://jp.fujitsu.com/ をご覧ください。



Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/2pbRN02

Duiba Group Limited Announces 2019 Annual Results

HONG KONG, Mar 31, 2020 - (ACN Newswire) - Duiba Group Limited,(the "Company" and together with its subsidiaries, the "Group"; Stock Code:1753.HK) China's leading user management SaaS provider for online businesses and pioneer of the interactive advertising platform operator, is pleased to announce the audited consolidated annual results of the Group for the year ended 31 December 2019 (the "Reporting Period").

Financial Highlight:
For the 12 months ending 31 December 2019, the Group recorded:
- A total revenue of approximately RMB 1.65 billion, with an increase of approximately 45% YoY.
- The adjusted profit was approximately RMB 340.0 million, representing a growth of approximately 66% YoY.
- The adjusted net profit margin increased from 18.0% in 2018 to 20.6%.
- The revenue from interactive advertising business surged by approximately 45.7% to RMB 1.62 billion YoY.
- The revenue from user management SaaS increased significantly by approximately 146.4% to RMB 33.7 million YoY.

For the year ended 31 December 2019, the Group recorded a total revenue of RMB 1.65 billion (2018: RMB 1.14 billion), with an increase of approximately 45% from 2018. The adjusted profit of the Group was approximately RMB 340 million (2018: RMB205 million), representing a growth of approximately 66%. Meanwhile, the Group's adjusted net profit margin increased to 20.6% (2018:18.0%).

The adjusted profit is the addition of share-based payments, listing expenses, changes in the fair value of financial liabilities measured at fair value and recorded in profit and loss, and financing costs.

The increase of the Group's total revenue was primarily attributed by the growth in the revenue from
the Group's interactive advertising business during the year ended 31 December 2019, surged by approximately 45.7% to RMB1.62 billion (2018: RMB 1.11billion). 43% of the revenue was contributed by e-commerce industry and 44% of the revenue was contributed by the financial industry. As at 31 December 2019, 90% of the Group's interactive advertising platform's audience came from non-tier-one-cities. Currently, advertisers such as financial enterprises and e-commerce platforms with increased penetration to lower tier cities will increase their spending on interactive advertisement, which will be a key driver for the Group's growth in coming years.

As at 31 December 2019, the Group designed more than 14,000 advertising campaigns, most of which were the first-of-their-kind on the market. During the year ended 31 December 2019, the average revenue per chargeable click under the CPC model of the Group's interactive advertising platform increased to RMB0.37 (2018: RMB0.35) while the average CTR (click-through rate) of the Group's interactive advertising business reached 27.1% (2018: 26.3%) through the Group's continuing efforts to upgrade products and technology.

As at 31 December 2019, the Group further facilitated the monetization of user traffic generated from the SaaS business, the revenue generated from the Group's user management SaaS business increased significantly by approximately 146.4% to RMB 33.7million (2018: RMB13.7 million), which mainly due to the increasing number of contracted and renewed customers and the increased unit price. As at 31 December 2019, paying customers which used the Group's charged user management SaaS services increased to 645 (2018: 373) including 376 app developers which are online businesses and 269 offline businesses. The number of newly signed contracts (including renewed contracts) for the Group's user management SaaS business reached 649 in 2019 (2018:378). The total value of newly signed contracts (including renewed contracts) in 2019 was approximately RMB43.4 million (2018: approximately RMB9.8 million).

The sales and marketing strategy of the Group's user management SaaS business for offline businesses is to actively explore cooperation opportunities with top brands in sectors including retailing, catering, banking and new media. In 2019, we made breakthroughs in expanding the Group's banking customer base. Among the ten contracts with the highest contract value of the newly signed contracts (including renewed contracts) in 2019, the customers of eight contracts were banking customers. The total number and the total value of the newly signed contracts (including renewed contracts) with banking customers in 2019 was 65 (2018: 5) and RMB9.7 million (2018: RMB0.7 million) respectively.

The Group covers a wide variety of different user traffic, and have accumulated certain mainstream and high-quality customers such as large leading apps, WeChat's public accounts and top brands in offline businesses. These businesses have a large user base and demand for user management SaaS services, and we believe they present a great untapped potential.

For the year ended 31 December 2019, the Group's net cash inflow generated from operating activities
was RMB 241.0million (2018: net cash outflow RMB7.4 million), net cash outflow used in investing activities was RMB 625.7 million (2018: RMB231.1 million) representing an increase of 170.6% compared with 2018, primarily due to the purchases of financial assets at fair value through profit or loss at the amount of RMB 3,065.9 million (2018: RMB1,564.0 million). The Group's net cash inflow generated from financing activities was RMB 304.4million (2018: RMB403.6 million), primarily due to the proceeds from issue of Shares.

During the year ended 31 December 2019, the Group continued to increase investment in research and development. As at 31 December 2019, the number of employees from the Group's research and development department was 363, accounted for 52.4% of the Group's total employees, which resulted in a 20% increase in the Group's research and development expenses from RMB88.8 million in 2018 to RMB106.6 million in 2019. In order to improve and optimize the algorithms, the Group launched new technologies called "Feng Huo Tai" and "Ba Gua Tai". "Feng Huo Tai" has highly advanced real-time data analysis ability and instant and precise audience targeting ability, meanwhile, "Ba Gua Tai" has significantly improved the efficiency of new products tests in the research and development process.

Mr. Chen Xiaoliang, Chairman of the Board stated: "Our vision is to become a company which can represent the industry in the industrial internet era in the next five to ten years, and truly help enterprises improve their efficiency through our products and services. We deeply understand that "right direction", "long-term perspective" and "persistence" are required for achieving a great cause. Duiba is a very young company with a team full of enthusiasm. Despite many challenges faced in the past years, we have braved difficulties and have achieved good growth in overcoming them."

About Duiba Group Limited (1753.HK)
Duiba Group Limited ("the Group") is a leader and pioneer in user management SaaS business and interactive advertising business in the PRC, the mission is to provide Full-cycle service to help more enterprises in user acquisition, retention and monetization. This unique business model together with strong synergies between user management SaaS platform and interactive advertising platform laid a solid foundation to capture rapid and sustainable growth for Duiba Group Limited. The Group's user management SaaS platform offers various fun and engaging user management tools including reward points operation tools, marketing campaign tools and check-in tools to boost mobile app user activity and participation on apps. Interactive Advertising Business including media monetization service and advertisement serving.


Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58262/

VPower Group's 2019 net profit Increases by 33% to HK$283.6 Million

HONG KONG, Mar 31, 2020 - (JCN Newswire) - VPower Group International Holdings Limited ("VPower Group" or the "Group", stock code: 1608.HK), a leading DPG station owner and operator in Southeast Asia announced today its annual results for the year ended 31 December 2019. Despite the challenges in global business environment in 2019, the Group's business and operations were proven to be resilient and the Group managed to record a satisfactory revenue growth of 15.4% to HK$ 2,794.0 million. The gross profit grew by 4.3% to HK$737.2 million with a gross profit margin of 26.4%; while EBITDA rose by 37.3% to HK$853.2 million and net profit increased 33.0% to HK$ 283.6 million.

Business Review

As for SI business, with 20 years of operational experience in SI business, the Group continued to strengthen its leadership in the global SI market and recorded revenue of HK$1,756.5 million (2018: HK$1,579.0) for the year ended 31 December 2019, representing a year-on-year growth of 11.2%. This was mainly attributable to sales to satisfy the increasing demand from power reserve market and rapid development of data centers and marine market.

IBO segment recorded a revenue of HK$1,037.5 million for the year ended 31 December 2019 (2018: HK$ 841.7 million), representing a year-on-year growth of 23.3%. The increase was primarily contributed by revenue generated from the new projects in Myanmar and Sri Lanka.

In 2019, the Group continued to expand its business presence in Myanmar and further consolidated its leadership as an independent power producer in Myanmar by commencing two new gas-fired distributed power stations with total installed capacity of 114.4MW. In mid-2019, the Group was awarded a public tender for a 20MW gas-fired power project (with planned installed capacity of 23.2MW). At the same time, the consortium comprising the Group's members and China National Technical Import & Export Corporation was awarded three power projects with an aggregate contract capacity of 900MW (with total planned installed capacity of 1,059.5MW). Accordingly, the Group is building the country's first LNG-to-power station.

Seeing the growth in electricity demand and business opportunities in Sri Lanka, the Group has set foot in the market by successfully securing two diesel-fired power projects in the country through public tenders. The projects with a total installed capacity of 54.9MW commenced commercial operation in mid-2019.

Furthermore, the Group secured a gas-fired power project in Indonesia with planned installed capacity of 18.7MW for a contract term of 15 years which is expected to commence operation in the second half of 2020.

Outlook

Regardless of the signs of economic recovery and ease of trade disputes towards the end of 2019, the start of year 2020 was unsettled by the outbreak of novel coronavirus (COVID-19) which has brought a damaging impact to all walks of life across different countries. Attributable to the Group's strategic business footprint in different countries and the flexible management system it built over the years, its operation remains stable and healthy albeit minor operational disruptions with new project development largely on track.

The Group sees a strong demand for distributed power solutions in countries in Southeast Asia, Latin America and Europe. The Group expects the total installed capacity of its project portfolio (including the projects under joint venture) to reach around 1,900WW by the end of 2020 from currently 752.7MW. As a result, the Group is confident to achieve a strong growth in the years ahead.

The Group will continue to focus on materializing the projects in pipeline in the short term, in particular, the newly awarded projects in Myanmar. It is expected the four new projects in Myanmar will commence commercial operation in the second quarter of 2020. In Sri Lanka, the Group announced in February 2020 that it secured new projects with planned installed capacity of 38.8MW. The projects are expected to commence commercial operation in the second quarter of 2020. Together with its existing 54.9MW operating projects, the Group's total installed capacity in the country will reach close to 100MW. For the projects in the United Kingdom (Doncaster Project) and Indonesia (Dumai Project), the Group expects them to commence commercial operation within this year.

Mr Ambrose Lee, Chief Strategy Officer and Head of Capital Markets/Corporate Finance of VPower Group, remarked, "Backed by the market demand for distributed power solutions, our strong pipelines and solid business foundation, we are confident to maintain a strong growth in the years ahead despite the market uncertainties. We will also continue to strengthen our business development, optimize our operation and improve efficiency and cost management for corporate sustainability."

In response to the recent outbreak of COVID-19, Mr. Rorce AU-YEUNG, Co-Chief Executive Officer of VPower Group added, "The outbreak of COVID-19 at the beginning of 2020 has become a threat to all countries around the world. By placing the health and safety of our staff and stakeholders as the top priority, we will closely monitor the development of the current global health emergency to ensure swift response and take all necessary prevention and controls. At all times, we are committed to creating the greatest value and sharing the accomplishment with our shareholders, and caring for the well-being of the environment."

About VPower Group International Holdings Limited
Headquartered in Hong Kong, VPower Group is an integrated expert in distributed power generation (DPG). It principally engages in power system integration (SI) business, covering designing, integrating and sale of gas-fired and diesel-fired engine-based gen-sets and power generation systems, and Investment, Building and Operating (IBO) business, involving investing in, building, leasing and operating distributed power stations to supply reliable electricity. It is one of the world's leading large gen-set system integration providers, and Southeast Asia's largest private gas-fired engine-based distributed power generation station owner and operator.





Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/2pbRN02

Alltronics Announces 2019 Annual Results

HONG KONG, Mar 31, 2020 - (ACN Newswire) - Alltronics Holdings Limited ("Alltronics" or the "Group") (SEHK: 833), a leading electronics products manufacturer and a provider of energy-saving business solutions, has announced its annual results for the year ended 31 December 2019 ("review year").

During the review year, the operating environment has remained challenging due to the ongoing global trade disputes and fluctuation in exchange rate. Nevertheless, the Group managed to achieve a stable revenue at HK$1,260.8 million (2018: HK$1,284.8 million). Gross profit margin slightly increased to 14.6% for the year 2019 from 14.5% for the year 2018, mainly due to improvement in production efficiency of the Group's Yichun factory after about one year of operation. The Group has also shifted production of some of its electronics products that were subject to additional tariffs imposed by the US to subcontractors in Malaysia and the Philippines, in order to reduce the impact from the Sino-US trade dispute on the Group's business. The adjusted profit from continuing operations attributable to owners of the parent (excluding the impairment losses on the overdue consideration for the disposal of the discontinued operation and the debt due from the disposed subsidiary of the discontinued operation) was HK$33.6 million (2018: HK$75.4 million).

Business Review and Prospects

For the electronic products segment, total sales revenue comprises sales of finished electronic products, plastic moulds and components and other components for electronic products. During the review year, sales of irrigation controller products and sales of walkie-talkies increased by HK$24.1 million and HK$31.3 million respectively, despite the drop of sales from components for electronic products, segmental revenue thus remained stable at HK$1,255.8 million.

The demand for irrigation controller products and other major electronic products is expected to remain stable in the year 2020. In addition, new products for new customers in the PRC and in Europe are expected to be launched in 2020 to provide momentum for the continuing growth in revenue. The Group has confidence that the overall performance of the electronic products segment will remain stable in the near future.

During the year, Yichun Yilian Print Tech. Co., Ltd., an associate of the Group which is established in the PRC and principally engaged in the manufacturing and sale of printers and other accessory products, and the provision of on-line printing services, has been approved as a qualified supplier of printers to governmental organisations in the PRC, which is expected to contribute continuing growth momentum to Yichun Yilian's business in the near future.

Operations of the biodiesel products and energy efficient gas stoves segment continued to remain stable during the review year with total sales revenue of approximately HK$3.4 million (2018: HK$4.2 million). The Group expects that the business of biodiesel products and energy-efficient gas stoves segment will remain stable in the year 2020.

The Group's energy-saving business segment consists of revenue generated from over 650 retail stores of Suning.com Co., Ltd. and two hotels operated by the HNA Group Co., Ltd. with LED lighting equipment installed. As the energy management contract with one of the hotels has expired during the review year, segmental revenue dropped to HK$1.6 million (2018: HK$3.5 million). The Group expects that the energy-saving business will remain stable in the near future

Looking ahead, in view of the uncertainty of the global economic environment and escalating geopolitical tensions from the ongoing trade dispute between the US and the PRC, the Group will continue to devote efforts to exploring new markets and new customers in order to broaden its customer base. The Group will also continue its effort to tighten the controls over production costs and overhead, and to improve production efficiency so as to maximise profitability.

Mr. Lam Yin Kee, Chairman of Alltronics concluded, "Although the recent outbreak of the coronavirus disease has had an adverse impact on the business operation and overall economy worldwide, the Group has implemented various cost-cutting measures to minimise the adverse effects. We will continuously monitor the situation, assess and actively react to its impact, in order to meet customers' needs. In the coming year, we will continue to look for investment opportunities to diversify its business so as to maintain its growth momentum towards the end of providing better returns to shareholders."

About Alltronics Holdings Limited (Stock code: 833)
Alltronics Holdings Limited is mainly engaged in the design and manufacture of a wide range of electronics products with quality and style, supplying biodiesel products and energy efficient gas stoves, as well as the provision of energy-saving business solutions. Besides, the Group is in the process of diversifying its business into manufacturing patented Wi-Fi Products and printers. The Company is a constituent stock of the Morgan Stanley Capital International ("MSCI") Hong Kong Micro Cap Index. For more information, please visit the company website http://www.alltronics.com.hk/.

Media enquiries
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Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58261/

HTSC Announces 2019 Annual Results: Strengthened Capital Base with Deepened Digital Transformation across Businesses

HONG KONG, Mar 31, 2020 - (ACN Newswire) - HTSC (Stock Code: 6886.HK; "The Company") announced its annual results for the year ended December 31, 2019 ("Reporting Period"). The Company achieved RMB32.44 billion in total revenue and other gains, a year-on-year increase of 32.36%, while the profit of this year attributable to shareholders surged 78.86% to RMB9.00 billion. As a result of the Company's Global Depositary Receipts ("GDR") issuance on the London Stock Exchange through the Shanghai-London Stock Connect pilot, the Company's net assets grew to RMB 125.65billion, laying an enhanced funding profile for its multi-dimensional development in the future.

Enhanced Capabilities Facilitated by Platform Innovation in Wealth Management

According to the Annual Report, the Company has a customer base of nearly 14 million with total customer account assets exceeding RMB3.35 trillion as of the end of the Reporting Period. The Company's equity and fund trading volume amassed to RMB20.57 trillion, tapping the market's underlying potential while maintaining its leading position in the industry.

During the reporting period, the Company fully promoted digital transformation, built an industry-leading wealth management platform, and optimized the headquarters-driven integrated service model. The mobile service platform "ZhangLe Fortune Path" underwent several upgrades to optimize its digital service offering; according to Analysys statistics, the app's NMAU (number of monthly active users) in December 2019 was 7.79 million, continuing to rank first among all securities companies' apps. During the Reporting Period, the Company comprehensively rebuilt its wealth management work platform and launched "AORTA", a cloud-based platform that serves as an important mid-end support for both customers and front-end investment advisors. Through "AORTA", the Company has provided prompt and targeted strategies and solutions to over 2,000 investment advisors in China, while ensuring the delivery of professional and high-quality services to the customers. According to statistics from the Securities Association of China, investment advisors comprise over 30% of employees of the Company by the end of the Reporting Period.

In terms of financial products sales, the Company endeavored to strengthen the use of its investment research system in providing efficient insights and supporting customer product allocation, so as to enhance the competitiveness of all financial products. In 2019, the sales volume of financial products achieved RMB374.36 billion, while the number of financial products reached 5,533.

With regards to capital-based intermediary business, the balance of margin financing and securities lending business of the Company amounted to RMB67.13 billion with a market share of 6.59% and an overall maintenance guarantee ratio of 314.66%, ranking first in the industry.

Expanded New Economy Client Ecosystem Led by Investment Banking Business

With the industry's inaugural digital service system for institutional clients, the development of the Company's digital capabilities in institutional services accelerated with the aim to build a digital financial ecosystem together with its clients. In 2019, the Company launched the 2.0 version of "Xing Zhi" mobile app, an independently developed digital platform that supports online application of IPO, private placement and convertible bond projects, client engagement in research activities, and customization of financial products for institutional clients, empowering to expand client network for institutional services.

With the strategy to focus on emerging markets and high-quality clients in technology industry, the Company's investment banking business reinforced the synergy between domestic and overseas businesses, and built up the industry-leading brand influence and a client ecosystem in the comprehensive health and TMT industries.

During the Reporting Period, the Company was the industry front runner with 14 CSRC approved M&A and restructuring transactions, amounting to an outstanding RMB 128.07 billion. Among which, the leading restructuring project - by transaction amount disclosed - of Shuanghui I&D, the largest Chinese semiconductor M&A between China's Wingtech Technology and Nexperia Holding, and Gree's mixed ownership reform in partnership with Hillhouse Capital were some of the flagship projects.

According to Wind statistics, the Company's equity underwriting in 2019 amounted to RMB132.10 billion, ranking third in the industry. During this period, the Company partook in the listing of five enterprises onto the SSE STAR Market, including HYC Technology, the first project on the STAR Market. According to SSE statistics, as of the end of the Reporting Period, there were 19 Huatai Securities sponsored companies accepted by the STAR Market, firmly cementing the Company's leadership position.

The Company continued to promote and develop its platform-based investment and trading capabilities, while increasing OTC derivatives trading volume, boosting market making volumes for exchange-traded options, and maximizing the scale of income certificates. In addition, the Company's bond settlement volume soared to second place in the industry.

Industry Leading Position in Active Asset Management AUM

The Company's asset management business was further augmented through enhanced business innovation, strengthened transformation towards active investment management, and a "fixed income +" product-centric strategy. During the Reporting Period, the revenue of Huatai Asset Management achieved RMB2.59 billion, growing to a new record high. According to statistics from the Asset Management Association of China, the private active asset management scale of Huatai Asset Management averaged RMB252.25 billion on a monthly basis as of the end of Q4 2019, ranking third in the industry. According to Wind statistics, Huatai Asset Management's scale of enterprise ABS (asset securitization) issuance during the Reporting Period amounted to RMB90.89 billion, ranking second in the industry.

The private equity fund management business continued to focus on the comprehensive health and TMT industries, with a total AUM of RMB49.59 billion across 40 investment projects during the Reporting Period. Suzhou BrightGene, Jiangsu Bioperfectus Technologies and Shenzhen Lifotronic Technology, invested by Huatai Purple Gold Investment, were listed on the STAR board in 2019; in light of the recent COVID-19 pandemic, the COVID-19 Nucleic Acid detection kit developed by BioGerm was among the first batch to have obtained the Medical Device Registration Certificate on January 31, 2020, while Vazyme Biotech has developed a novel antibodies detection kit, both of which have played a crucial role in combating COVID-19.

Further Growth Fueled by Development in International Business

The international business of the Company achieved numerous historical accomplishments and breakthroughs in 2019. The Company's issuance of GDRs as the first firm to be listed on the London Stock Exchange through the Shanghai-London Stock Connect raised USD1.69 billion in the overseas market; this was the largest IPO in the global depositary receipts market since 2013, and with the successful listing the Company also became a "A+H+G" financial institution listed in three markets. The Company's U.S.-based subsidiary AssetMark also successfully listed on the New York Stock Exchange, raising USD316 million to enhance its capital base and allow for long-term development of its distinctive financial service platform. In addition, Huatai Securities (USA) obtained a broker-dealer license in the U.S. to carry out broker-dealer business in the country, while Huatai Financial Holdings (Hong Kong) forged ahead against market adversity, to emerge as one of the leading Chinese-funded securities companies in Hong Kong. As of the end of the Reporting Period, the international business segment contributed to 12.48% of the Company's total revenue and other income.

During the Reporting Period, Huatai Financial Holdings (Hong Kong) completed 14 IPO projects and 42 bond issuance projects, contributing to approximately HKD19.73 billion in underwriting amount. In addition, it completed 4 financial advisory projects and 6 structured investments and financing projects. In 2019, Huatai Financial Holdings (Hong Kong) obtained the UK cross-border Global Depositary Receipts conversion institution certification as well as membership to the London Stock Exchange.

As one of the major financial institutions in China, the Company is dedicated to fulfill its social responsibility with its financial expertise. The Company improved its ESG (Environment, Social and Corporate Governance) management structure, provided financing services for technologically innovative and environment-friendly enterprises, and continued to promote the development of green finance; in 2019, the Company underwrote 31 green bonds with the total financing scale of RMB55.48 billion. Meanwhile, as a responsible corporate citizen actively engaged in promoting sustainability, the Company's corporate philanthropy project "Yixin Huatai", continued to improve the level of professional operations, and partnered with NGOs to carry out a series of projects that focus on protecting the Yangtze River source region ecosystem and supporting the distressed children both physically and mentally. Amid the crucial time of containing the spread of COVID-19, the Company was able to fully utilize its professional expertise to support industries and enterprises in key regions financially; with the advanced financial technology, the Company was able to provide more diversified online services for individual and institutional clients. Moreover, the Company actively integrated advanced resources within the healthcare and logistics ecosystems, to effectively and efficiently provide targeted support to the areas of Hubei Province most in need.


Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58258/

VPower Group's 2019 net profit Increases by 33% to HK$283.6 Million

HONG KONG, Mar 31, 2020 - (ACN Newswire) - VPower Group International Holdings Limited ("VPower Group" or the "Group", stock code: 1608.HK), a leading DPG station owner and operator in Southeast Asia announced today its annual results for the year ended 31 December 2019. Despite the challenges in global business environment in 2019, the Group's business and operations were proven to be resilient and the Group managed to record a satisfactory revenue growth of 15.4% to HK$ 2,794.0 million. The gross profit grew by 4.3% to HK$737.2 million with a gross profit margin of 26.4%; while EBITDA rose by 37.3% to HK$853.2 million and net profit increased 33.0% to HK$ 283.6 million.

Business Review

As for SI business, with 20 years of operational experience in SI business, the Group continued to strengthen its leadership in the global SI market and recorded revenue of HK$1,756.5 million (2018: HK$1,579.0) for the year ended 31 December 2019, representing a year-on-year growth of 11.2%. This was mainly attributable to sales to satisfy the increasing demand from power reserve market and rapid development of data centers and marine market.

IBO segment recorded a revenue of HK$1,037.5 million for the year ended 31 December 2019 (2018: HK$ 841.7 million), representing a year-on-year growth of 23.3%. The increase was primarily contributed by revenue generated from the new projects in Myanmar and Sri Lanka.

In 2019, the Group continued to expand its business presence in Myanmar and further consolidated its leadership as an independent power producer in Myanmar by commencing two new gas-fired distributed power stations with total installed capacity of 114.4MW. In mid-2019, the Group was awarded a public tender for a 20MW gas-fired power project (with planned installed capacity of 23.2MW). At the same time, the consortium comprising the Group's members and China National Technical Import & Export Corporation was awarded three power projects with an aggregate contract capacity of 900MW (with total planned installed capacity of 1,059.5MW). Accordingly, the Group is building the country's first LNG-to-power station.

Seeing the growth in electricity demand and business opportunities in Sri Lanka, the Group has set foot in the market by successfully securing two diesel-fired power projects in the country through public tenders. The projects with a total installed capacity of 54.9MW commenced commercial operation in mid-2019.

Furthermore, the Group secured a gas-fired power project in Indonesia with planned installed capacity of 18.7MW for a contract term of 15 years which is expected to commence operation in the second half of 2020.

Outlook

Regardless of the signs of economic recovery and ease of trade disputes towards the end of 2019, the start of year 2020 was unsettled by the outbreak of novel coronavirus (COVID-19) which has brought a damaging impact to all walks of life across different countries. Attributable to the Group's strategic business footprint in different countries and the flexible management system it built over the years, its operation remains stable and healthy albeit minor operational disruptions with new project development largely on track.

The Group sees a strong demand for distributed power solutions in countries in Southeast Asia, Latin America and Europe. The Group expects the total installed capacity of its project portfolio (including the projects under joint venture) to reach around 1,900WW by the end of 2020 from currently 752.7MW. As a result, the Group is confident to achieve a strong growth in the years ahead.

The Group will continue to focus on materializing the projects in pipeline in the short term, in particular, the newly awarded projects in Myanmar. It is expected the four new projects in Myanmar will commence commercial operation in the second quarter of 2020. In Sri Lanka, the Group announced in February 2020 that it secured new projects with planned installed capacity of 38.8MW. The projects are expected to commence commercial operation in the second quarter of 2020. Together with its existing 54.9MW operating projects, the Group's total installed capacity in the country will reach close to 100MW. For the projects in the United Kingdom (Doncaster Project) and Indonesia (Dumai Project), the Group expects them to commence commercial operation within this year.

Mr Ambrose Lee, Chief Strategy Officer and Head of Capital Markets/Corporate Finance of VPower Group, remarked, "Backed by the market demand for distributed power solutions, our strong pipelines and solid business foundation, we are confident to maintain a strong growth in the years ahead despite the market uncertainties. We will also continue to strengthen our business development, optimize our operation and improve efficiency and cost management for corporate sustainability."

In response to the recent outbreak of COVID-19, Mr. Rorce AU-YEUNG, Co-Chief Executive Officer of VPower Group added, "The outbreak of COVID-19 at the beginning of 2020 has become a threat to all countries around the world. By placing the health and safety of our staff and stakeholders as the top priority, we will closely monitor the development of the current global health emergency to ensure swift response and take all necessary prevention and controls. At all times, we are committed to creating the greatest value and sharing the accomplishment with our shareholders, and caring for the well-being of the environment."

About VPower Group International Holdings Limited
Headquartered in Hong Kong, VPower Group is an integrated expert in distributed power generation (DPG). It principally engages in power system integration (SI) business, covering designing, integrating and sale of gas-fired and diesel-fired engine-based gen-sets and power generation systems, and Investment, Building and Operating (IBO) business, involving investing in, building, leasing and operating distributed power stations to supply reliable electricity. It is one of the world's leading large gen-set system integration providers, and Southeast Asia's largest private gas-fired engine-based distributed power generation station owner and operator.



Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58253/

Kingworld Medicines Seizes the Opportunity Foster the Diversified Development of Product Specifications

HONG KONG, Mar 31, 2020 - (ACN Newswire) - Kingworld Medicines Group Limited ("Kingworld Medicines" or the "Group", stock code: 01110.HK), a globally leading and well-known omni-channel enterprise with a complete supply chain in the greater healthcare products and services industry in China, has announced its unaudited annual results for the year ended 31 December 2019 (the "Year Under Review").

For the Year Under Review, the global economic environment is complicated and aggravated the downward pressure on the Chinese economy. The Group continued to monitor changes in the domestic and foreign environment and optimise its product portfolio while continuing to develop down-market penetration in different channels and strengthening channel management to explore market niches and expand product coverage. For the Year Under Review, facing the financial volatility and uncertainty in China and abroad, the Group's total revenue slightly decreased by 9.4% to approximately RMB977,928,000, profit attributable to owners of the Company increased by 5.9% to approximately RMB43,427,000 and basic earnings per share increased by 6.1% to approximately RMB7.00 cents. For the Year Under Review, revenue from the pharmaceutical products segment amounted to approximately RMB633,700,000, accounting for 64.8% of the Group's total revenue. Revenue from the healthcare products segment was approximately RMB151,114,000, accounting for 15.5% of the Group's total revenue. Revenue from the medical devices segment amounted to approximately RMB193,114,000, accounting for 19.7% of the Group's total revenue.

Mr. Zhao Li Sheng, Chairman of the Board of Kingworld Medicines, said, "During the Year Under Review, both the domestic and global economic environment are complex and challenging which have slowed down global economic growth. Social unrest in Hong Kong and subsequently the outbreak of coronavirus (COVID-19) epidemic caused more uncertainties in the overall economic development in China. Facing the uncertainty in the macroeconomic environment, the Group continues to provide customers with high-quality healthcare products, has seized market opportunities, and bolstered its competitive advantages to achieve steady development. In 2019, the Group geared up for further penetration of various product channels to widen the product coverage in third- and fourth-tier cities and rural villages, which can further expand the exploration to the market gaps.

For the pharmaceutical products segment, the Group continued to undergo channel optimisation for the Nin Jiom product series. By leveraging its brand appeal and product reputation, Nin Jiom has expanded the market into lower-tier cities and enhanced terminal coverage for the products as well as the cooperation with regional pharmacy chains, so that more consumers can enjoy the benefits of Nin Jiom products. The Group actively coordinated with Nin Jiom and conducted various large-scale promotional events and new media brand promotion activities which aimed at cultivating younger consumer group as well as consolidating the loyalty of old customers and injecting a contemporary sense into the brand. During the Year Under Review, the China Pharmaceutical Enterprises Cooperation and Development Organisation Summit ("the CPEO Summit") announced that "Nin Jiom" ranked 18th in the "Brand. Value Ranking", with a brand value of RMB3.989 billion. In addition, the Group implemented orderly marketing activities and maintained a stable price for Taiko Seirogan from Japan, another core product of the Group's pharmaceutical segment. The Group through full-scale distribution and market perpetration and product display in key areas, as well as through different product deployment activities to expand its market coverage. As for branding promotion, the Group placed large billboard advertisements in high-traffic areas such as alongside busy roads in cities, trains and advertising campaigns at high-speed train stations. In addition, the Group also launched online e-commerce promotional events with various cooperative companies or e-commerce platforms, mainly including JD.com, Alibaba Health, and Dingdang Medicine Express, in order to facilitate integration of its online and offline channels.

For the product series of medicated oils for external use, Kingworld Imada Red Flower Oil made breakthrough development in channel, terminal sales and brand promotion. Kingworld Medicines strived to strengthen the cooperation with downstream enterprises, so as to enlarge the market coverage of the product. As for terminal sales, the Group enlarged the deployment of products in terminal retail stores to increase market coverage. The Group also offered bundled-gift purchase activities for consumers during major festivals to improve terminal sales and boost brand influence. As for brand promotion, the Group proactively supported a variety of sports events and continued to offer product trial packs and offer massage service of Kingworld Imada Red Flower Oil to the residents in major communities. Through providing direct experience with its products to consumers, both the product recognition and purchase confidence were enhanced. For the Mentholatum series, the Group increased its market share through product deployment activities, concentrated display activities in prioritised major cities and staff training and customer education activities. And as for Hoe Hin White Flower Embrocation, the Group actively participated in marketing activities during shopping festivals on e-commerce platforms and offered gift-with- purchase activities for consumers during major festivals to improve terminal sales and brand influence.

In terms of the Healthcare Products Segment, the sales volume of Lifeline Care maternal and infant fish oil nutrients product series from Norway, another star healthcare product of the Group has significantly increased. During the Year Under Review, the Group formulated comprehensive promotional strategies for Lifeline Care maternal and infant fish oil, which mainly included establishing strategic cooperation with cross-border e-commerce platforms and maternal and infant public accounts, so as to reach a wider group of target audience. The Group captured the trend of promotion platform by cooperating with key opinion leaders ("KOL") to raise hot topics on different promotion platforms like Xiaohongshu and Kaola.com. Meanwhile, the Group through recommendations from professional doctors, maternal and infant experts and celebrities, consumers' trust in our brand was greatly enhanced. Lifeline Care maternal and infant fish oil nutrient product series gained well-deserved reputation towards its brand and products. For the Culturelle Probiotics product series, the Group adjusted its marketing strategy accordingly and invested the core sales resources for the development of the product in the Hong Kong and Macao markets in 2019. In addition, the Group plans to launch collaborative project in probiotics with the Hong Kong University of Science and Technology ("HKUST"). HKUST's research and development capability with the Group's analysis and expertise regarding the future market trends. The cooperation aims to develop Chinese medicines with probiotics and anti-inflammatory properties in order to expand its product line and accommodate various demands of a broader spectrum of consumers.

Kingworld Medicines actively carried out channels reform. In view of the uneven development of urbanisation in second- and third-tier cities, the Group proactively refined its target markets. For the Year Under Review, the Group proactively developed down-market penetration to different channels, strengthening channels management, exploring untapped market niches and expanding the product coverage to meet the consumption needs of domestic consumers while further improving channel marketing and customer loyalty. During the Year Under Review, the distribution network of the Group increased from 200,000 to 210,000 OTC retail pharmacies, which shows the channel optimisation efforts have achieved significant results.

Looking ahead, the macroeconomic environment is more complex and volatile. The uncertainty of the Sino-US trade negotiations and the continuous initiation by the Chinese government of new policies related to the pharmaceutical industry make the industry's prospects more challenging. Facing changes in the business environment, market and consumption patterns as well as technology, Kingworld Medicines strives to seize opportunities presented by the favourable policies toward the vigorous development of the Chinese medicine industry in China. The Group actively engages in further cooperation with long-established traditional Chinese medicine manufacturers. The Group will utilise the scientific big data analysis of the Market Sales Traceability Management System (the "SMART System") to accommodate to the changes in consumers' needs and competitive landscape and set up comprehensive marketing plan and distribution for each product portfolio of the Group. In the future, the Group will continue to develop channels in lower-tier cities. Through the "SMART System" together with its upstream and downstream integrated supply chain and logistics, the Group will further enlarge its product coverage and reach in third- and fourth-tier cities and explore untapped markets, so as to increase market share and profitablity.

Mr. Zhao concluded, "The domestic and global economic environment are complex and challenging in 2019. At the end of the year, affected by COVID-19 outbreak, the overall sentiment of the market is poor, and the Group also encountered opportunities and challenges amidst the turbulence. The Group will continue to adhere to its motto of "to serve the community and to heal the souls", and continuously source home healthcare products for consumers. The "Pu Ji Kang Gan Granules" can be applied to upper respiratory tract infections. The product is highly efficacious with limited side effects and can help to prevent and treat virus infections. In the future, the Group will enlarge its existing product categories, including anti-epidemic items for households, such as face masks, disinfection supplies, hygiene goods, and strive to counter the epidemic together with the nation. Looking forward to 2020, Kingworld Medicines will further build a sound foundation and enhance competitiveness of its core products in an orderly and effective manner. The Group also focuses on cost control as it strives to maintain its profits, continues to develop a sound system in financial risk management and maintains sufficient cash flow, so as to protect the return on investment of shareholders and other stakeholders. In the future, Kingworld Medicines will continue to introduce new products while optimising its product structure, expediting the implementation of negotiated projects and enriching its product portfolio, At the same time, the Group will expand its development in the greater health industry in order to develop the Company to become a domestic leading and world-renowned enterprise with a well-established upstream and downstream supply chain for the greater health products and service industry."

About Kingworld Medicines Group Limited

Kingworld Medicines Group is a globally leading and well-known omni-channel enterprise with a complete supply chain in the greater health products and services industry in China. It provides high-end logistics management service, B2C trading service and data service to major leading pharmaceutical and healthcare product suppliers, manufacturers and distributors, and is a pharmaceutical and healthcare product supply chain management service enterprise integrated with logistics, product and information flow. The Group's business in the greater health industry includes: (i) an agent and distributor of high-quality and well-known pharmaceutical products from overseas, including the star product series of Nin Jiom product series from Hong Kong and Taiko Seirogan from Japan; (ii) actively introducing high-quality and well-known healthcare products from overseas into the China market, such as the star product Culturelle probiotics product series from the United States, Lifeline Care maternal and infant fish oil nutrient product series from Norway, "Global Slimming" product series and medicated oils for external use; (iii) undertaking research and development, manufacturing and production of medical devices. In terms of total import value, Kingworld Medicines Group was among the Top 100 Import Enterprises of Pharmaceutical and Healthcare Product for six consecutive years from 2009 to 2014, and was named as one of the Top 5 Sales Enterprises of Chinese Patent Medicine in terms of sales in 2013. The Group also ranked among Shenzhen Top 500 Enterprises in 2018 and 2019 respectively, and continued to be recognized as a "Shenzhen Time-honoured Brand" in 2019. The Group manages a portfolio of over 60 kinds of medicines and healthcare products manufactured in Hong Kong, Japan, the United States, Australia, Europe, Canada, Singapore and Mainland China, and has a distribution network covered about 210,000 OTC retail pharmacies.

For further information, please visit http://www.kingworld.com.cn/.



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