HONG KONG, Aug 31, 2024 - (ACN Newswire via SeaPRwire.com) - GF Securities Co., Ltd. ("GF Securities" or the "Company", together with its subsidiaries within the scope of its consolidated financial statements (“subsidiaries”), the “Group”; HKSE: 1776; SZSE: 000776) announced its interim results for the six months ended 30 August 2024 (the “Reporting Period”). During the Reporting Period, under the guidance of the Board of Directors, the management of the Company led all staff to carry out key work to focus on enhancing core business capabilities, cultivating new quality competitiveness, improving comprehensive service capabilities and boosting resource allocation efficiency, as a result of which, the Company’s operating results achieved stable development with a total revenue and other income of RMB17,136 million, and a net profit attributable to owners of the Company of RMB4,362 million. As of 30 June, 2024, the Group’s total asset amounted to RMB689,328 million, representing an increase of 1.05 % as compared to the end of 2023 ; and equity attributable to owners of the Company amounted to RMB140,703 million, representing an increase of 3.67% as compared to the end of 2023.As one of the first batch of pilot comprehensive management brokerages selected by the CSRC, GF Securities possesses licenses for a full range of services involved in four business segments, including investment banking, wealth management, trading and institution, and investment management. The Group has successively set up futures subsidiaries, public fund subsidiaries, private fund subsidiaries, alternative investment subsidiaries and asset management subsidiaries. With its unique value concept and pragmatic entrepreneurial style, the Company has built up a full-service chain with comprehensive layout and strong strength. In respect of regional development, the Company based in Guangdong and serves the whole country, connecting domestically and internationally, forges a leading national brokerage with a long-term vision and an open mind. Against this backdrop, the Company has maintained main operating indicators ranking among the top securities companies in China for many consecutive years, and established its leading advantages in various key business segments.Wealth Management Business Continues to Lead under Ongoing and Deepening TransformationThe Company has taken the lead in proposing wealth management transformation and has currently been equipped with excellent financial product research, sales capabilities and professional asset allocation capabilities. The Company had more than 4,400 securities investment advisors, ranking No. 1 in the industry (in terms of parent company caliber), striving to provide precise wealth management services to different clients.In the first half of 2024, the Company focused on strengthening the construction of investment research and professional investment & advisory service capabilities, continuing to build a differentiated product and service supply system, and promote the transformation of wealth management business into an investor-oriented buy-side investment advisory business to enhance investors’ sense of gain. In the domestic market, as of the end of June 2024, the total balance of financial products sold by the Company on a commission basis exceeded RMB220 billion, representing an increase of 4.00% as compared to the end of last year while the sales amount of financial products on the Yitaojin E-commerce platform (including Cash Return and Taojin Market amounted to RMB116.918 billion. In the overseas market, the Group further diversified its product offerings and continued to transform into wealth management with net sales income and balance of financial products and commissions for multi-market transactions achieving a year-on-year growth. In addition, the market share (in terms of trading volume and trading amount of futures) of GF Futures, the wholly-owned subsidiary of the Group, achieved year-on-year growth. GF Futures (Hong Kong) was awarded the Most Active Chinese Commodity Futures Broker of 2023 by the Singapore Exchange.At the end of June 2024, the Company had 356 branches and business departments nationwide, with a presence in 31 provinces, municipalities, and autonomous regions across the PRC. The number and coverage ratio of business outlets in the nine cities of the Pearl River Delta in the Guangdong-Hong Kong-Macao Greater Bay Area ranked No. 1 in the industry, providing a wide range of market reach for the Company’s business and laying important support for customer accumulation and service.Continuous Development of Insitutional Business with Outstanding Research Capabilies EmpowermentThe Company actively seizes the opportunities of reform on the investment, financing and trading, gives full play to the role of research in empowering and promoting the Company's core business, integrates resources to provide comprehensive solutions for institutional customers, improves institutional customer service capabilities and institutional customer service systems, and continues to expand institutional business.In the first half of 2024, the market-making business of the Company continued to be in the first echelon of the market, providing market-making services for more than 700 funds and all ETF options of the SSE and SZSE, and market-making services for CSI 300 stock index options and CSI 1000 stock index options of the China Financial Futures Exchange. The Company issued 44,559 private equity products through the China Securities Inter-agency Quotation System and OTC market, with a total amount of RMB338.330 billion. The Company became the lead market maker for stock index options of the China Financial Futures Exchange, and was granted the SSE’s 2023 Stock Option Market Development Contribution Award (Outstanding Option Market Maker Award and Contribution to New Option Varieties Award), the SZSE’s 2023 Outstanding ETF Liquidity Provider Award and Outstanding Option Market Maker Award, and the CFFEX’s 2023 Outstanding Stock Index Option Market Maker Award (Bronze Award). As the end of June 2024, the Company provided market-making services to 47 NEEQ enterprises while its bond market-making business created the “GF Securities Pearl River Delta ESG Sustainable Development Local Debt Basket ” to help market institutions actively participate in the green economy construction and sustainable development in the Pearl River Delta through portfolio investment.At the same time, as a primary dealer of OTC derivatives business with professional advantages in derivatives pricing and trading, the Company continued to strengthen the construction of team and system, enhanced product creation, strategy innovation and trading and sales capabilities, and diversified and expanded its product system, types of underlying products and revenue structure, so as to continuously provide institutional customers with asset allocation and risk management solutions through OTC derivatives.The Group continued to promote the research-driven business model and gave full play to the empowerment and promotion effect of research on the Company’s core business. As of the end of June 2024, the Group’s equity research covered 28 industries and 993 A-share listed companies in mainland China, and 154 Hong Kong and overseas listed companies. The Company achieved research results based on digital means such as GF research portal and mini programs, continued to explore in the direction of intelligence, and strived to build a multiplatform, multi-channel and multi-dimensional customer service system. During the Reporting Period, the industrial research institute of the Company continued to build an ecosystem of production, learning, research, investment and financial integration, empowered the development of various business segments, provided research support for policy formulation and industrial planning of government departments, and explored the establishment of industrial incubation and transformation cooperation mechanism with key scientific research universities to play a role as a bridge of “technology-finance-industry.The outstanding research capacity of the Company enjoys a high reputation in the industry and received numerous honors. The Company has received the New Fortune Domestic Best Research Teams and the New Fortune Most Influential Research Institution for consecutive years from 2017 to 2023, and Top 5 Golden Bull Research Institution award by China Securities Industry Analyst Golden Bull Award for consecutive years. Meanwhile, it ranked in the forefront in the selection of Sell-side Analyst Crystal Ball Award , Best Analyst of Shanghai Securities News, the Golden Kirin Best Analyst of Sina Finance and the Gold Analysts of the 21st Century .Continuous Improvement of Investment Banking Business with Outstanding FunctionalitiesGuided by customer demand, the Company has built an investment banking service system with a full business chain throughout the life cycle. During the Reporting Period, the Company actively implemented the national strategies and regulatory policies by adhering to the fundamental purpose of serving the real economy with finance and giving priority to functionality; focused on serving the development of new productive forces and national strategic emerging industries by deeply exploring “specialized, sophisticated, distinctive and innovative” enterprises and effectively fulfilled its responsibility as a “gatekeeper” in the capital market.In respect of domestic equity financing, as of the end of June 2024, the Company sponsored 43 companies listed on the NEEQ as the lead brokerage, of which 76.74% were “specialized, sophisticated, distinctive and innovative” enterprises. In respect of overseas equity financing, the Company completed two Hong Kong IPO projects including one IPO project as a sponsor with an issue size of HK$1.046 billion, ranking third in the market; completed two refinancing projects with an underwritten amount of HK$4.881 billion; and its equity financing business in Hong Kong ranked third among Chinese-based securities companies in terms of the total issuance size of IPOs and refinancing projects equally distributed among all underwriters, according to the statistics of Dealogic.In respect of bond and financing business, the Company attached great importance to serving national strategies and facilitated technological innovation enterprises to develop new productive forces; steadily enhanced its market position through leveraging the Group’s synergistic advantages, consistently expanding key regions, strengthening internal assessment mechanism and other measures, on the basis of a strict control of business development risk; and actively practices ESG to promote the green and lowcarbon development through bond and financing business. During the Reporting Period, the Company acted as the lead underwriter for 293 tranches of bonds, representing a year-on-year increase of 70.35%, with a lead underwritten amount of RMB152.428 billion, representing a year-on-year increase of 64.63%; acted as the lead underwriter for 52 tranches of various science and technology innovation bonds with an underwritten amount of RMB19.128 billion; and acted as the lead underwriter for 4 tranches of various low-carbon transformation and green bonds with an underwritten amount of RMB1.088 billion. In respect of Chinese offshore bond business, 33 bonds were issued with an underwritten amount of US$5.617 billion.In respect of financial advisory business, centered around the guidance of national industrial policies, financial policies and regional development policies, the Company practiced the business model of “One Guangfa” by holding a forum on merger and acquisition of new productive forces and building a merger and acquisition business ecosystem to provide customers with multi-level and all-round comprehensive services, promoting the orderly circulation of assets and capital. During the Reporting Period, the Company completed two projects in major asset restructuring and financial advisory business that had industry and regional influence, involving a total transaction amount of approximately RMB12.851 billion; and completed one overseas equity transaction, involving a transaction amount of approximately HK$1.098 billion. Two transactions in which the Company acted as buyer’s financial advisor were awarded the 2023-2024 Top Ten Domestic M&A Golden Whistle Award.In the future, GF Securities will continuously commit to its corporate values of “inquisitiveness and integrity” and carry forward its excellent cultural genes of an “army of doctors”, with knowledge as the guarantee and professionalism as the cornerstone, continue to deepen and consolidate the Company 's outstanding location advantage in the Guangdong-Hong Kong-Macao Greater Bay Area and other places, deploy long-term strategies to well develop business with higher standard, accelerate high-quality development and contribute to serving the real economy. Copyright 2024 ACN Newswire via SeaPRwire.com.
SINGAPORE, Aug 31, 2024 - (ACN Newswire via SeaPRwire.com) - The last few years have been tumultuous, marked by rising inflation, job market fluctuations and housing market volatilities, among other challenges. Despite these difficulties, Singaporeans have shown remarkable resilience, navigating adversity with unwavering strength and determination.Mental resilience aside, the pandemic has also highlighted the importance of maintaining our health resilience, prompting a growing emphasis on enhancing and safeguarding physical health in its aftermath. In fact, a recent Yougov survey found that three out of five residents in Singapore plan to place emphasis on their physical health as their top new year resolution in 2024.In line with this year's National Day theme of "Together, As One United People," LAC (pronounced L-A-C) is dedicated to playing its part in supporting Singaporeans' immunity and health resilience. With a wide range of speciality supplements made conveniently available to people across all walks of life, LAC aims to help individuals tide through current and future health challenges, reinforcing our collective strength, unity and well-being.Formulated with Traditional Chinese Medicine ingredients such as Lingzhi and Cordyceps, LAC ACTIVATED® Zhi® Immunity serves as a natural booster of the immune system. These well-known ingredients help strengthen the body’s natural resilience, accelerate recovery and boost energy levels to safeguard against illnesses caused by the fatigue of daily life. Additionally, the natural energy boosters found in LAC ACTIVATED® Zhi® Immunity also help to improve focus and alertness without relying on the need for stimulants such as caffeine.For busy individuals looking to enhance their immunity, multivitamins can be a convenient addition to daily routines. LAC Women’s Mega Multi Active and LAC Men’s Mega Multi Active are designed with essential ingredients like Zinc and Vitamin C to support immune health, making them perfect for those with demanding schedules. These supplements also cater to the different nutritional needs of men and women with calcium to combat osteoporosis in women and Branched-Chain Amino Acids to enhance exercise performance and muscle growth in men, serving as an effective and convenient all-in-one solution to help bolster the body’s natural immunity and safeguard against potential illnesses.As the nation celebrates shared identities and resilience this National Day, it is crucial to prioritise physical health amidst current societal challenges, so as to be fully present to spend quality time with people who matter. Copyright 2024 ACN Newswire via SeaPRwire.com.
Brisbane, Australia – August 31, 2024 – (SeaPRwire) – LINK Business Brokers Brisbane announces enhancement of educational initiative to empower business sellers with essential knowledge for successful transactions.
LINK Business Brokers is amplifying its efforts to educate business sellers by launching an initiative that provides resources and guidance throughout the selling process. This program supports sellers with seminars, personalised consultations, and comprehensive online materials.
Co-Director Blair Luckman spoke about LINK’s dedication to education. “Our mission is to empower business sellers by enhancing their understanding of the selling process. This knowledge prepares them for negotiating sales and improves the outcomes of their transactions,” he says.
Co-Director Vince Konig adds, “Informed sellers make strategic decisions that positively impact their business deals. Our educational programs are designed to turn sellers into well-informed market participants.”
The initiative includes resources like seminars, workshops, and one-on-one consultations to clarify the sales process. LINK experts cover topics such as preparing a business for sale, understanding market valuation, and effective marketing strategies. This approach ensures sellers are well-prepared and confident.
LINK also uses advanced technology and data-driven insights to support its educational services. They provide sellers with realistic appraisals, market analyses, and trend reports that aid decision-making.
LINK’s educational resources, including webinars, downloadable guides, and an interactive Q&A series where sellers can engage directly with LINK’s expert brokers, are available online.
With this initiative, LINK Business Brokers Brisbane continues to lead in the business brokerage industry, supporting their clients through education and empowerment.
About LINK Business Brokers
Established in 1996, LINK Business Brokers is the largest business brokerage group globally. They operate across New Zealand, Australia, and the USA and are committed to facilitating business sales with confidentiality and integrity. Each broker at LINK is a sector specialist, equipped with deep market knowledge and a commitment to delivering superior service. LINK combines powerful analytics with a personalised approach, establishing itself as a trusted partner in business sales.
Contact Information
Brand: LINK Business Brokers Brisbane
Contact: Media team
Email: brisbane@linkbusiness.com.au
Website: https://linkbusiness.com.au/business-brokers/brisbane/
The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.
Sectors: Top Story, Corporate News
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Dubai, UAE – August 31, 2024 – (SeaPRwire) – Dream Draw LLC FZ, an e-commerce platform known for its creative shopping experience that blends retail with the excitement of raffles, is set to expand its operations into European markets. This move is part of the company’s strategic plan to reach new audiences and further establish its presence in the global e-commerce industry.
Dream Draw LLC FZ has seen a strong rise in popularity in the Middle East by offering a diverse range of products from well-known brands. The platform is noted for its straightforward and user-friendly shopping experience, which includes a variety of items such as perfumes and exclusive gifts. Additionally, Dream Draw enhances the shopping experience by offering unique opportunities that add an element of excitement to every purchase, making it a preferred choice for many customers. This model has proven successful, attracting over 100,000 customers and driving significant revenue growth.
“We are thrilled to bring Dream Draw to Europe, where we believe our unique blend of shopping and winning will resonate with a wide audience,” said Malik Awan, COO of Dream Draw LLC FZ. “Our expansion into Europe marks a significant milestone for the company and reflects our commitment to offering customers a shopping experience that is both enjoyable and potentially life-changing.”
As part of its European expansion, Dream Draw will adapt its platform to cater to regional preferences and regulations, ensuring that customers receive a localized shopping experience. The company is also investing in robust customer support and building strong partnerships with local suppliers and retailers, aiming to offer a wide variety of products that align with European tastes.
“We’ve seen tremendous success in the Middle East, and we are confident that our model will thrive in Europe as well,” Awan added. “Our goal is not only to meet but exceed the expectations of our new customers, offering them a seamless and thrilling shopping experience.”
About Dream Draw LLC FZ
Dream Draw LLC FZ is a creative e-commerce platform based in Dubai, UAE, that combines traditional online shopping with the excitement of a raffle system. Every purchase made on the platform gives customers a chance to win significant prizes, from luxury goods to cash rewards. Founded with the vision of turning ordinary shopping into an extraordinary experience, Dream Draw has rapidly grown its customer base across the Middle East and is now expanding into European markets. For more information, visit www.dreamdraw.us.
Contact Information
Brand: Dream Draw LLC FZ
Contact: Malik Awan
Email: customer-support@dreamdraw.us
Website: https://dreamdraw.org/
The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.
Sectors: Top Story, Corporate News
SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in different languages, including: IndonesiaFolk, IndoNewswire, SEATribune, IDNewsZone, LiveBerita, DailyBerita, TaiwanPR, SinchewBusiness, AsiaEase, BuzzHongKong, SingapuraNow, TIHongKong, TaipeiCool, TWZip, AsiaFeatured, dePresseNow, THNewson, KULPR, VNFeatured, MENAEntry, HunaTimes, DubaiLite, ArabicDir, BeritaDaring, TekanAsia, JamKopi ...
HONG KONG, Aug 30, 2024 - (ACN Newswire via SeaPRwire.com) - Gome Retail Holdings Limited (Stock code: 493.HK, "Gome Retail" or the "Company", together with its subsidiaries, “the Group”) announced its unaudited six-month results for the six months ended June 30, 2024 (the "Reporting Period").Focusing on the main industry to consolidate the border, take multiple measures to actively resolve the debt problemIn the first half of 2024, the domestic economy was affected by the severe and complex international environment and cyclical adjustments of domestic policies, and recovery was still slow. From an industry perspective, real estate market declined significantly, and the income growth of local governments and households slowed down. The home appliance industry has been affected by these factors, and the retail sales growth of all types of home appliances has slowed to varying degrees in the first half of the year. In the first half of 2024, the Group recorded revenue of approximately RMB169 million; and loss attributable to owners of the parent was approximately RMB4,432 million.In the first half of 2024, the Group continued to focus on its core retail business, activate the “Home‧Living” omni-retail ecosystem, actively and extensively explore a variety of procurement channels and methods, and focus on the retail of home appliances, consumer electronic products, groceries and various types of daily necessities. It also promoted offline upgrades and strengthened new operating methods such as online live streaming. In addition, it accelerated the development of franchising business and the GOME Automobile Experience Hall commenced its operation, creating new growth opportunities. In respect of dealing with its debt issues, the Group has continued to divest from serious lossmaking businesses and non-core assets. Furthermore, it also disposed some of its long-term assets to settle debts, and actively negotiated with creditors for debt settlements.Reshape the retail business, promote single store franchises, and continue to optimize and upgrade new model business strategiesGome's new retail model business strategy continues to be optimized and upgraded. On the one hand, Gome uses live broadcast as the fulcrum to promote the focus on its main business, tap new increments through short videos, live broadcast and other marketing models, and consolidate online business; on the other hand, the Company actively promotes single-store franchises As the core asset-light joint venture and cooperation model, we get rid of "heavy assetoperation" and open up "single store franchise" with the "light asset", "heavy operation" and "strong management" operating model. The Company fully opens brand authorization to franchisees, focuses on supply chain model innovation, and shifts from electrical appliance franchises to all-industry franchises, quickly forming a franchise network of different models and different formats. Based on maintaining the original franchise equity cooperation, single stores are encouraged to join similar franchise equity form of cooperation.During the reporting period, the single-store franchise joint venture cooperation model has entered the substantive operation stage and achieved rapid development, attracting the attention of many investors. At present, dozens of companies have signed contracts, and nearly a hundred companies are in the process of signing contracts.Actively exploring new business growth curves, the GOME Automobile Experience Hallhas received enthusiastic response from the marketGome Retail focuses on the experience of its main business, at the same time, actively thinks about changes and strives for progress, explores new growth models, and builds offline automoblie experiencehall. Gome Automobile Experience Hall is OMO's one-stop car selection, car purchase, and car use platform with product closed-loop empowerment capabilities. It uses a solid store expansion model to empower the automoblie product market and solve the problem of individual car dealers' purchase difficulties and expensive purchases. Meanwhile, it also ensures that consumers in various regional markets can buy new car products with clear channels, low prices and transparency, bringing consumers a new car buying experience. With its unique business model and enabling support including vehicle source channels, logistics and warehousing, Gome Automobile Experience Hall has received cooperation intentions from many well-known domestic and overseas automobile brands. During the Reporting Period, the Gome Automobile Experience Hall has started substantial operations and has received good market feedback.Looking ahead, the government emphasized the active expansion of domestic demand, further clarified the comprehensive relaxation of real estate controls, and emphasized that "the focus of economic policies will shift more to benefiting people's livelihood and promoting consumption." It is believed that more positive policies will be introduced in the second half of this year to support the economy. With a steady recovery, the industry environment is expected to improve.Gome Retail management said: “In the future, the retail industry will face more new opportunities and challenges, Gome has never forgotten its original intention of serving the people's better life and its responsibility as a listed company. The Company's management will still work hard, lean management, integrate resources and business collaboration, and create direct operational contributions; at the same time, we also look forward to continuing to work with more partners to empower each other and jointly help the retail industry to upgrade and iterate, to satisfy Chinese families’ pursuit of a better life.”- End -About GOME RETAIL HOLDINGS LIMITEDGOME RETAIL HOLDINGS LIMITED was listed on the Hong Kong Stock Exchange in July 2004 (Stock Code: 493HK). Founded in 1987 in China, GOME is committed to building China's leading technology-based, experiential, entertainment-oriented and socialized home-life technology retailer. With the strategy of "Home Living", Gome Group focuses on retailing of electrical appliances and consumer electronics products, and builds a closed-loop ecosystem for the entire product line.Please visit our website for more information: www.gome.com.hkIssued by EVER BLOOM (HK) COMMUNICATIONS CONSULTANTS GROUP LIMITED for and on behalf of GOME Retail Holdings Limited. For further information, please contact:EVER BLOOM (HK) COMMUNICATIONS CONSULTANTS GROUP LIMITEDMs Wu Xiaoyue / Ms Isla GuTel:(852) 3468 8874 Fax:(852) 2111 1103Mail:xiaoyue.wu@everbloom.com.cn/jin.gu@everbloom.com.cn Copyright 2024 ACN Newswire via SeaPRwire.com.
HONG KONG, Aug 30, 2024 - (ACN Newswire via SeaPRwire.com) - Legend Holdings Corporation (“Legend Holdings” or the “Company”, Stock Code: 3396. HK) announces the unaudited condensed consolidated interim results of the Group for the six months ended 30 June 2024 (the “Reporting Period”). In the first half of 2024, adhering to high-quality development driven by technological innovation, Legend Holdings prioritized stability while pursuing progress, responded to changes in macro factors, strived to develop new quality productive forces, and the Company’s core competitiveness was steadily improved. During the Reporting Period, the Company recorded revenue of RMB233.4 billion, representing a 16% year-on-year increase, with net profit increasing to RMB2.805 billion. The net profit attributable to equity holders of the Company was RMB286 million, and this year-on-year decrease recorded was primarily due to the increasing complexity and uncertainty of global economy, which had impacts on profits contributed by diversified-industries operation segment as well as the investment business of industrial incubations and investments segment.During the Reporting Period, Legend Holdings continued to drive industrial innovation through sci-tech innovation, emphasizing new quality productive forces as a key focus for the enterprise’s high-quality development, expanding its presence in frontier industries such as artificial intelligence, biopharmaceuticals, advanced materials and new energy, while exploring emerging frontiers and achieving positive outcomes in building up modernized industrial system. The Company has been committed to increasing its investment in technology development and innovation, with accumulated R&D investments increasing 3.4% to RMB7.3 billion. Lenovo Group, a subsidiary of Legend Holdings, achieved milestone breakthroughs in strategic products, including the launch of the first AI PCs worldwide and several AI servers. Meanwhile, the Legend Holdings Family Group has stepped up developments in frontier industries such as advanced materials, innovative drugs, biomanufacturing, and commercial space. Legend Holdings has also made forward-looking investments, making early moves in new sectors such as quantum technology and life sciences, which are expected to become the growth drivers for new quality productive forces. During the Reporting Period, Legend Holdings has invested in nearly 40 technology projects, and to date, the Company has invested in a total of 120 national specialized and innovative “little giant” enterprises, maintaining an industry-leading position.Legend Holdings has always been committed to serving national strategic needs and actively promoting the high-quality development of the manufacturing industry chain. By advancing new industrialization and boosting China’s strategic strength in manufacturing, and digital development, Legend Holdings has promoted the intelligent transformation and upgrading of China’s manufacturing industry. Currently, 90% of China’s top 500 manufacturers, over 1,000 leading manufacturing enterprises, and more than 2,000 growth manufacturing enterprises have received support from the Legend Holdings Family Group. Meanwhile, funds under the management of Legend Holdings have invested over RMB20 billion in the manufacturing sector, promoting the listing of dozens of manufacturing enterprises and fostering about 20 niche-sector leaders in the industry. As the world’s leading AI full-stack product portfolio and solution service provider, Legend Holdings has intensified its efforts to expand its footprint in AI and promote AI applications and built a vibrant AI+ application ecosystem with cumulative investments in over 250 AI-related companies. Meanwhile, Legend Holdings has actively promoted the industrialization of digital sectors and digital transformation of various industries. This includes supporting the proactive construction of digital infrastructure, and building a nationwide integrated computing power network to advance the deep integration of the digital economy with the real economy.Legend Holdings has always insisted on integrating the green concept into its high-quality development and actively fulfilled its social responsibilities. Lenovo Group was the first domestic high-tech manufacturer to pass the Science Based Targets initiative (SBTi) net-zero target validation, and its MSCI ESG rating remains at AAA, the highest rating in this assessment. A number of green industrial projects newly laid out by Levima Advanced Materials were completed in the first half of the year, and multiple projects are scheduled to be completed and put into production in 2025. ZQET Group is expanding in the photovoltaic industry. It has invested in a 20GW N-type high-efficiency solar cell smart manufacturing project, with the first phase already in operation and its core products ranking among the top tier of the industry. Meanwhile, Legend Holdings focuses on systematic planning and long-term investment in public welfare areas such as “rural revitalization”, “innovative technology” and “promoting righteousness”, and has been keeping contributing Legend's value to the society.In the face of challenges and opportunities, Legend Holdings will continue to deepen the high-quality development led by scientific and technological innovation. While strengthening its industrial foundation and optimizing the resource allocation, the Company will expand its presence in frontier areas, cultivate emerging and future industries, further focus on new quality productive forces, and build its new core competitiveness. Copyright 2024 ACN Newswire via SeaPRwire.com.
HONG KONG, Aug 30, 2024 - (ACN Newswire via SeaPRwire.com) - Inkeverse Group Limited ("Inkeverse" or "the Group", Stock Code: 3700.HK) announces its full-year results for the period ended June 30, 2024.During the reporting period, the Group’s total revenue was RMB 3533.2 million, up 13.0% compared to the same period in 2023. Revenue from the Group’s value-added services was RMB 2601.2 million,yoy 12.4%, representing 73.6% of the Group’s overall revenue. The content services business recorded total revenue of RMB 642.7 million,yoy 36.1%, accounting for 18.2% of the Group’s overall revenue.Live Streaming and Social Ecosystem Thrives, Creating a Sustainable Development LoopThe Group’s live streaming and social business, through long-term stable operations and continuous refinement, has built a robust commercial ecosystem. The core product, "Inke Live," maintains its brand advantage in the live streaming sector. Despite market fluctuations, it has created a healthy, active user community through a mature and evolving operational system and ongoing optimization of the ecosystem structure.The social business continues to benefit from its product matrix advantage, adapting flexibly to the increasingly diverse and refined needs of users. The Group adjusts its strategy with an efficient product matrix to precisely match emerging social scenarios, deeply penetrating multiple verticals, and satisfying differentiated social needs, demonstrating strong market adaptability. The stable and innovative operation of the Group’s two core businesses provides stable and substantial cash flow support, effectively driving the Group’s deep expansion and continuous innovation in more business areas.Playlet Business Leads the Industry, Secure Industry-Leading Position with Full Industry Chain LayoutIn the face of intensifying competition in the short -form video market, the Group remains at the forefront of the industry due to its forward-looking layout and innovation. By leveraging early precision entry and efficient investment strategies, the Group has rapidly established a complete ecosystem for the playlet industry, optimizing the entire chain from content creation to distribution and promotion, ensuring steady business growth. This underscores the Group’s deep understanding of the playlet field and lays a solid foundation for continued industry leadership.Looking ahead, the Group is cautiously advancing the deep integration of playlets with cultural tourism and other diverse industries, aiming to create a series of high-quality, high-grade micro-playlet to offer a richer audiovisual experience to viewers. Simultaneously, the Group is exploring new opportunities in overseas playlets, broadening its business scope through internationalization. Breakthrough in Overseas Expansion, Successfully Opening New MarketsThe Group continues to deepen its overseas strategy and has achieved results. Leveraging its rich experience in the domestic market, the Group adopts a vertically segmented matrix strategy to rapidly enter target markets. To better meet local needs, the Group integrates rich local elements into product design, enhancing market competitiveness. Some products launched in Southeast Asia have successfully completed commercial validation, providing valuable experience and models for expansion into other regions. This year, the Group has entered emerging markets such as the Middle East, launching products and achieving a certain level of user accumulation.By continuously optimizing product models and deeply understanding overseas user needs, the Group has significantly shortened the adaptation cycle in new markets and accumulated valuable localized operational experience. This experience not only lays a solid foundation for the Group’s deep expansion in overseas markets but also provides strong support for further exploration in these markets.Future OutlookLooking ahead, the Group will continue to gain insights into user needs, enrich the social product matrix, and solidify competitive advantages through matrix-based synergy while exploring new growth points through innovation. Relying on its deep accumulation in interactive entertainment, the Group will quickly incubate new products, optimize content quality, enhance user experience and platform stickiness, and maintain its leading position in the market. Simultaneously, the Group is actively adjusting its overseas operations strategy, deepening localization, enriching product formats, and expanding efforts in emerging markets such as Southeast Asia and the Middle East, aiming to achieve scalable growth. Additionally, the Group is keeping up with technological frontiers, actively laying out Web3.0 and AI fields, planning strategic cryptocurrency holdings, and promoting AI applications to lead industry future development and create new interactive entertainment experiences.-End-About Inkeverse Group Limited: Inkeverse Group (3700.HK) is a leading full-scenario new social platform in China, formerly known as Inke Interactive Entertainment Group. It’s core business covers live streaming social, playlets, and overseas segments, driving performance growth through a matrix of products and diversified business formats. In 2015, the first product, Inke Live, was launched, initiating the domestic mobile live streaming trend. In 2018, Inke, just three years after its establishment, was listed on the Hong Kong Stock Exchange as the first entertainment live streaming stock. Since then, the Group has incubated multiple products around the "interactive social" strategy, creating a rich social product matrix. In the second half of 2022, the Group pioneered the short drama market, firmly establishing itself as an industry leader with its early advantage and high-quality content. The Group is also accelerating its global layout and expanding overseas market growth. In 2022, the Group officially renamed itself Inkeverse and is actively laying out AI, Web3.0, and other cutting-edge fields to offer users rich, multidimensional social scenarios and services, further enhancing commercial value.For more information, please visit Inkeverse IR website: https://ir.inkeverse.com/sc/ir_overview.phpFor enquiry, please contact Intelligent Joy Limited Copyright 2024 ACN Newswire via SeaPRwire.com.
