HONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - China International Marine Containers (Group) Co., Ltd. (“CIMC Group” or the “Group”, stock code: 000039.SZ/02039.HK) is pleased to announce the audited annual results for the 12 months ended 31 December, 2024 (the “Reporting Period” or the “Year”).Financial HighlightsPerformance Highlights01. Profits of offshore engineering-related industries improved by nearly 900 million: The manufacturing division achieved its first-ever profit turnaround. CIMC Raffles' revenue in 2024 increased by 58% year-on-year to RMB 16.556 billion, with a net profit of approximately RMB 224 million, and the gross profit margin increased by 7.8 percentage points to 12.8% in the second half of the year. During the Reporting Period, new effective orders for the offshore engineering division increased by 93.5% year-on-year to US$3.25 billion, a record high. Net profit of the financial and asset management division improved significantly by approximately RMB 640 million; the rental rate of drilling platform jack-up platforms was up by 100%, and the rental rate of Deepsea Yantai semi-submersible drilling platforms by more than 20%.02. Container manufacturing business achieves record-high performance: In 2024, dry cargo container sales experienced a year-on-year growth of 417.03%. The container manufacturing segment recorded a net profit of RMB 4.088 billion, up 128% year-on-year, with the gross profit margin increasing quarter by quarter.03. Steady performance in core segments of road transportation vehicles and energy, chemical & liquid food equipment business: In 2024, CIMC Vehicles saw a 12.02% year-on-year increase in semi-trailer sales in China, maintaining its no.1 market share in the country for the sixth consecutive year, with revenue growing against market trends. CIMC Enric recorded over RMB 10 billion in new orders for its marine clean energy-related business, setting a new record.04. The structure of interest-bearing debt continued to be optimized: The interest-bearing debt ratio dropped to 22.4%, and, by the end of the year, 1.89 billion floating interest-bearing US dollar bonds had been replaced, optimizing financing costs.The Group’s management said, "In 2024, despite the global operating environment remaining complex and competitive, the Group continued to act pragmatically to deepen its core businesses, optimize order quality, and advance its various business segments in a coordinated manner, solidifying its strong manufacturing advantages and charting a new blueprint for high-quality development in the services sector. Leveraging its continuously strengthened global operational platform, the Group captured customer demand across regions, mitigated risks from single-market fluctuations, and achieved steady, quality growth.In 2024, adhering to the principles of seeking progress while maintaining stability and upholding integrity while innovating, the Group capitalized on its global presence to navigate headwinds and achieve consecutive quarterly performance improvements. For the full year, the Group achieved record-high revenue of RMB 177.664 billion, a 39.01% year-on-year increase. Net profit attributable to shareholders surged 605.60% year-on-year to RMB 2.972 billion. Overseas and domestic revenue accounted for approximately 54% and 46%, respectively, capturing comprehensive growth opportunities across regional markets."Segments Results (RMB million)2024 Business indicatorsRevenueAs % of the total revenueGross profitAs % of the gross profitGross profit marginNet profitContainer manufacturing62,20535.0%9,69943.6%15.6%4,088Logistics services31,38917.7%1,9398.7%6.2%437Road transportation vehicles20,99811.8%3,42715.4%16.3%1,081Energy, chemical, and liquid food equipment25,57914.4%3,53315.9%13.8%732Offshore engineering16,5569.3%1,5086.8%9.1%224Core Business PerformanceThe container manufacturing business achieved outstanding performance once again, with the production and delivery volume of standard containers reaching a historic high. During the Reporting Period, global demand for goods trade picked up, and according to the report issued in February 2025 by CLARKSONS (a global authoritative industry analyst), global container trade volume increased by 5.9% year-on-year to 213 million TEUs in 2024; at the same time, the detour of European routes brought about by the Red Sea Incident and the port congestion caused by the strike of terminal workers resulted in lowered efficiency of container transportation, and increased container demand. Resultantly, during the Reporting Period, the production and sales volume of the Group’s container manufacturing business hit a record high. In particular, the accumulated sales volume of dry containers reached 3,433,600 TEUs (same period in 2023: 664,100 TEUs), representing a year-on-year increase of approximately 417.03%. The accumulated sales volume of reefer containers reached 138,600 TEUs (same period in 2023: 92,500 TEUs), representing a year-on-year increase of approximately 49.84%. In 2024, the container manufacturing business of the Group recorded a revenue of RMB 62.205 billion (same period in 2023: RMB 30.213 billion), representing a year-on-year increase of 105.89%, and a net profit of RMB 4.088 billion (same period in 2023: RMB1.794 billion), representing a year-on-year increase of 127.84%.In the logistics services business, during the Reporting Period, global merchandise trade showed a rebound in growth, driving strong cargo demand in the international container transportation market. Meanwhile, the substantial rebound in the freight rates of container transportation contributed to the growth in demand in the air and land transportation markets. In 2024, the Group's logistics services business continued to strengthen its direct customer acquisition capabilities. The business volume of its key core products saw growth ranging from 2% to 49%, achieving operating revenue of RMB 31.389 billion (same period in 2023: RMB 20.166 billion), representing a year-on-year increase of 55.65%, and a net profit of RMB 437 million (same period in 2023: RMB 187 million), representing a year-on-year increase of 133.27%. The yard business volume reached a new record high, with over 7.5 million TEUs of empty containers in and out of the yards for the whole year. During the Reporting Period, CIMC Wetrans ranked third among Chinese enterprises on the list of the 2024 Top 50 Ocean Freight Forwarders issued by Transport Topic, an authoritative magazine in the global logistics industry.In the road transport vehicle business, CIMC Vehicles deepened its implementation of the "Star-Chained Plan", achieving new-quality leadership. In 2024, despite a sluggish global commercial vehicle logistics market, the “Star-Chained Plan” enabled CIMC Vehicles to consolidate domestic semi-trailer factory resources and leverage superior product competitiveness to overcome challenges. This drove counter-cyclical growth in domestic vehicle sales and solidified its overseas market advantages. CIMC Vehicles increased its semi-trailer sales in the domestic market by 12.02% year-on-year, securing the nation’s top market share for the sixth consecutive year. Revenue grew against market headwinds, supported by strategic adjustments. The Company also aligned with new energy trends by launching its first pure electric tractors and trailers product. For 2024, CIMC Vehicles reported a revenue of RMB 20.998 billion (same period in 2023: RMB 25.087 billion), down 16.30% year-on-year, and net profit of RMB 1.081 billion (same period last year: RMB 2.448 billion), down 55.83% year-on-year. The decline primarily reflects the normalization of North American business from previously elevated levels. Additionally, in 2023, CIMC Vehicles generated a non-recurring gain of approximately RMB 848 million from the disposal of its equity in Shenzhen Special Vehicle.In the Energy FieldIn the offshore engineering business, the Group achieved its first profit turnaround. In 2024, the global shipping and offshore engineering market environment continued to improve, and international oil prices were at a relatively high level, which still had a promoting effect on the oil and gas production platforms. The continuous growth in marine operation activities drove the utilisation ratio and the rental for offshore engineering equipment to be on the rise, while the offshore engineering equipment market continued to recover. During the Reporting Period, CIMC Raffles secured new offshore engineering orders totaling US$ 3.250 billion (same period in 2023: US$ 1.680 billion), including the maintenance and reconstruction of one FLNG, two turnkey projects for FPSO hull construction, three ro-ro ships, and orders for other clean energy projects. As of the end of 2024, the accumulated value of orders on hand increased by 27% to US$ 6.920 billion (same period in 2023: US$ 5.470 billion), of which the proportion of the oil and gas business, wind power installation vessels and ro-ro ships was approximately 3:1:1. The manufacturing of these orders has been booked up to 2027. During the Reporting Period, the offshore engineering business of the Group recorded a revenue of RMB 16.556 billion (same period in 2023: RMB 10.452 billion), representing a year-on-year increase of 58.41%, and a net gain of RMB 224 million (same period in 2023: net loss of RMB 31 million).In the offshore engineering asset operation, the slow recovery of the global macro-economy and the volatility of crude oil prices continued to affect the global offshore drilling market. With intensifying market competition, both utilisation rate and rates of offshore drilling faced pressure market in the second half of the year, while oil companies re-examined new energy transformation, adjusted development strategies, slowed down the pace of transformation, and re-focused on oil and gas production. During the Reporting Period, the offshore engineering asset operation and management business of CIMC continued to leverage on its existing project experience and business capabilities, further consolidated its cooperative relationship with customers at home and abroad, and capitalised on its excellent offshore engineering platform operation and management capabilities to improve asset rental rates, successfully signing new lease contracts for 2 platforms. In 2024, the offshore engineering asset pool platform actively capitalized on asset revitalization opportunities, achieving a year-on-year increase in leasing and operational income and a notable reduction in losses.In the energy, chemical, and liquid food equipment business, the Group has overcome cyclical misalignment and fluctuations, supporting the global demand for energy transition. The revenue growth and orders for clean energy have been remarkable, and the Group has continued to enhance its overseas business presence and upstream capabilities in hydrogen energy. In particular, the global shipping industry is accelerating its green transformation, and the cumulative new orders for CIMC Enric’s marine clean energy business exceeded RMB 10 billion, reaching a new high; the sales revenue of LNG vehicle cylinders reached RMB 1.140 billion, representing a year-on-year increase of 31%, reaching a historical high. In the chemical sector, the Group has maintained the number one global market share in tank containers for several consecutive years. In the liquid food segment, the Group seized growth opportunities in the domestic spirits market, achieving a year-on-year increase in revenue. Overall, this business achieved a revenue of RMB 25.579 billion (same period in 2023: RMB 25.026 billion), representing a year-on-year increase of 2.21%, and net profits of RMB 732 million (same period in 2023: RMB 854 million), representing a year-on-year decrease of 14.31%.Future Development and ProspectsThe Group's management stated, "Looking ahead to 2025, the Group will continue to deepen the implementation of its Five-Year Strategic Plan and the strategic theme of “accelerating the construction of new growth drivers and focusing on promoting high-quality development” and coordinate the reasonable growth of “quantity” and the effective improvement of “quality”, to ‘become a high-quality and respected world-class enterprise’.In terms of driving new growth momentum, CIMC Group will seize significant opportunities in green development and new quality production, actively expanding our strategic emerging business layout in areas such as clean energy and smart logistics. Balancing globalization, we will explore development opportunities in emerging markets such as Southeast Asia and the Middle East, and focus on upgrading core products and achieving breakthroughs in key technologies, advancing toward higher-value segments of the industrial chain. For high-quality development, we will prioritize improving quality and efficiency to achieve stable and sustainable returns on resource investments. Additionally, we will strengthen technological innovation and digitalization to further enhance product competitiveness while fostering strategic partnerships and industrial collaboration to establish high-quality development relationships.The year 2025 marks a critical milestone for CIMC Group in our journey of "reaching higher." We will continue to face challenges boldly and persevere with determination, seeking breakthroughs in adversity and crafting new chapters amid challenges. We aim to reward all shareholders through our steady and solid performance!”About China International Marine Containers (Group) Co., Ltd.The CIMC Group is a world-leading equipment and solution provider in the logistics and energy industries, and its industry cluster mainly covers logistics and energy fields, strengthening its position as a global market leader. In the logistics field, the Group still adheres to taking container manufacturing business as its core business, based on which to develop road transportation vehicles business, airport facilities and logistics equipment/fire safety and rescue equipment business and to a lesser extent, logistics services business and recycled load business providing products and services in professional field of logistics; in the energy field, the Group is principally engaged in energy/chemical/liquid food equipment business and offshore engineering business; meanwhile, the Group also continuously develops emerging industries and has finance and asset management business that serves the Group itself. As a diversified multinational industrial group that shoulders the mission of global serving, CIMC owns a total of 4 listed companies and over 300 member enterprises in Asia, North America, Europe, Australia, and others, and extensive customers and sales networks covering more than 100 countries and regions. During the year, the Group recorded a revenue of RMB 177.664 billion, with gross profit margin remained remaining at 12.52% and net profit of RMB 4.195 billion. The Group was ranked 179th in the Fortune 500 China 2024. For more information, please visit http://www.cimc.com/. Copyright 2025 ACN Newswire via SeaPRwire.com.
HONG KONG, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - On March 24, 2025, Tingyi (Cayman Islands) Holding Corp. (0322.HK, the “Company”, together with its subsidiaries, the “Group”) is pleased to announce its 2024 annual results. In 2024, facing numerous challenges brought about by a complex environment, the Group adhered to long-termism, actively promoted high-quality development, continuously optimized its product structure, actively advanced innovation and upgrading, strengthened channel construction, and accurately captured consumption trends, and achieved steady growth in various financial indicators. For the twelve months ended December 31, 2024, the Group’s revenue grew 0.3% year-on-year to RMB80.651 billion. Among these, the revenue from Instant Noodles was RMB28.414 billion, while the revenue from Beverages was RMB51.621 billion. Gross profit margin improved by 2.7 percentage points year-on-year to 33.1%. EBITDA grew 17.3% year-on-year to RMB9.628 billion. The board of directors proposed to distribute a final dividend of RMB33.14 cents per common share and a special dividend of RMB33.14 cents per common share. The dividend payout ratio for the year reached 100%.Financial Summary For the twelve months ended 31 December RMB’00020242023ChangeRevenue80,650,91480,418,075↑ 0.3%Gross margin33.1%30.4%↑ 2.7 ppt.Gross profit of the Group26,695,64324,467,089↑ 9.1%EBITDA9,627,8028,206,526↑ 17.3%Profit for the period4,322,1353,516,667↑ 22.9%Profit attributable to owners of the Company3,734,4293,117,461↑ 19.8%Earnings per share (RMB cents) Basic66.2855.33↑ 10.95centsDiluted66.2855.31↑ 10.97centsAs at 31 December 2024, cash at bank and on hand (including long-term time deposits) was RMB16,002.668 million, representing an increase of RMB1,264.287 million when compared to 31 December 2023. Gearing ratio was -19.3%.In 2024, China’s economy maintained steady growth. with GDP growing by 5.0% YoY, and the CPI increasing slightly by 0.2%. Against this macro-economic backdrop, consumer behaviour patterns changed, showing a more cautious and rational consumption tendency. Their attention to emotional value, health, green environmental protection, quality and cost effectiveness increased significantly. At the same time, shopping channels kept evolving, with offline hypermarkets declining, warehouse membership stores growing, and proximity-based small-format retail, including grocery stores and small supermarkets showing considerable market growth potential. In the face of consumption changes and channel reforms, enterprises needed to gain precise insights into consumer demands, grasp channel development trends, innovate products tailored to consumer needs, capture market opportunities, and earn consumer trust. This enabled them to achieve steady growth and high-quality development in an intensely competitive market.In 2024, the gross profit of the Instant Noodles business improved steadily. The revenue from Instant Noodles business was RMB28.414 billion, declining by 1.3% year-on-year, accounting for 35.2% of the Group’s total revenue. During the year, due to favourable selling prices and raw material prices, the gross profit margin of Instant Noodles business grew 1.6 percentage points year-on-year to 28.6%, which offset the impact of revenue decline. As a result of the year-on-year increase in gross profit margin, the profit attributable to shareholders of the Company in the Instant Noodles segment grew 1.8% year-on-year to RMB2.045 billion. During the year, in an increasingly differentiated market environment, the Instant Noodle business continued to focus on its core products, driving upgrades and iterations, optimizing marketing strategies, and gradually improving the gross profit structure. Through cooperation with reputable IP/brand ambassadors, the business launched the "brand vehicle" mobile marketing model, engaging directly with young consumer groups in high-traffic areas such as campuses. These efforts significantly enhanced brand awareness and influence. In addition, efforts were made to stay on top of transforming consumer shopping habits and seize the emerging channels opportunities. At the same time, adhering to aerospace quality as the benchmark, the Group introduced advanced aerospace food technology, becoming the first enterprise in the instant noodles industry to obtain the patent for aerospace application. This further consolidated and demonstrated the product quality advantages and technological strength, playing a leading role in driving high-quality industry development.In 2024, The overall revenue from Beverage business was RMB51.621 billion, with a year-on-year growth of 1.3%, accounting for 64.0% of the Group’s total revenue. During the year, benefiting from favourable product pricing strategies, the gross profit margin of Beverage business grew 3.2 percentage points year-on-year to 35.3%. As a result of the increase in gross profit margin, the profit attributable to the shareholders of the Company in the Beverage segment grew 52.3% year-on-year to RMB1.919 billion. During the year, the Beverage business focused on building scale advantages. It continued to consolidate its core categories while strategically expanding into new ones. By carefully introducing sugar-free products, it aimed to meet consumer demand for health and functional benefits while actively broadening its product range. Through a series of measures including optimizing category management, expanding emerging channels, improving distribution service quality, implementing precise cost control, increasing capital turnover efficiency, and enhancing supply chain effectiveness, the Group remained committed to improving operational efficiency and driving steady development and sustainable growth.Mr. Richard Chen, Chief Executive Officer, commented, “In 2025, the core driving force for China's economic growth is expected to rely on domestic demand. The Group will always adhere to the development strategy of “Consolidate, Reform and Develop”, continue to deeply cultivate its main business, deepen its sustainable development, and strive to achieve high-quality development. The Group will continue to increase investment in product innovation, brand building, and channel expansion, accurately capture market trends, establish an innovation mechanism oriented towards consumer needs, and further deepen the emotional connection between the brand and consumers. With precise market insights and well-planned channel strategies, it will continuously optimize channel efficiency and service quality. At the same time, it will actively promote lean procurement management and significantly improve intelligent management levels through the comprehensive application of digitalization and AI technologies. We will adhere to the concept of sustainable development, actively fulfil social responsibilities, strive to provide high-quality services to customers, create long-term value for consumers, achieve sustainable and substantial returns for shareholders, and build Tingyi into a National Brand that is trusted by the government, creates win-win partnerships, and is widely recognized and favoured by consumers.”About Tingyi (Cayman Islands) Holding Corp. (0322.HK)Tingyi (Cayman Islands) Holding Corp. (the “Company”), and its subsidiaries (the “Group”) specialise in the production and distribution of instant noodles and beverages in the People’s Republic of China (the “PRC”). The Group started its instant noodle business in 1992, and expanded into instant food business and beverage business in 1996. In March 2012, the Group further expanded its beverage business by forming a strategic alliance with PepsiCo for the beverage business in the PRC. The Company exclusively manufactures, bottles, packages, distributes and sells PepsiCo soft drinks in the PRC. After years of hard work and accumulation, “Master Kong” has become one of the best-known brands among consumers in the PRC.Investor Enquiries:Investor Relations Team, Tingyi (Cayman Islands) Holding Corp.E-mail: ir@tingyi.comChristensen China LimitedE-mail: stephanie.chen@christensencomms.comTel: +852 2117 0861 Copyright 2025 ACN Newswire via SeaPRwire.com.
- Expressing generational characteristics through taste and aroma to promote intergenerational communication -TOKYO, Mar 28, 2025 - (JCN Newswire via SeaPRwire.com) - NEC Corporation (NEC; TSE: 6701) and Kyodoshoji Corporation Limited (COEDO Brewery) have developed four craft beers under "The taste of life created by brewers and AI — Agentic AI × Craft Beer" name to promote intergenerational communication. NEC's Agentic AI and brewers from COEDO Brewery collaborated to analyze the characteristics and standards of generations from their 20s to 50s, and expressed them in terms of taste and aroma. This is the second series of craft beers to be jointly developed by the two companies since 2020. COEDO Brewery will be selling the products at supermarkets in Japan and through the COEDO Brewery online store.In today's business world, organizations must adapt to technological advances and rapid market changes by blending the ideas of multiple generations to speedily solve problems and make changes. In addition, as globalization and customer needs continue to diversify, organizations need to create an environment that is receptive to a wide range of standards. Through these carefully crafted brews, the two companies aim to create opportunities to deepen mutual understanding between generations and assist in intergenerational communication. In the future, NEC will continue to expand Agentic AI to product development across various industries. COEDO Brewery will create value by promoting diverse product development using AI technology in craft beer production.Development Process for "The taste of life created by brewers and AI — Agentic AI × Craft Beer"(1) A brewer prompts Agentic AI based on NEC's generative AI "cotomi" to create a new craft beer recipe based on the profile of a Japanese person in their 20s. The Agentic AI will then autonomously break down the task and begin executing it using recipe information from inside and outside the company.(2) Agentic AI searches and translates COEDO Brewery's internal recipe data and open data from around the world.(3) In parallel, cotomi analyzes the characteristics, standards and traits of generations of contemporary Japanese and creates personas.(4) While referring to the information collected and analyzed in (2) and (3), a brewer is asked to submit a recipe proposal that incorporates the following categories: "recipe description," "relationship to the image of the era," "taste," "aroma," "color," "ingredients," "bitterness," "manufacturing process," and "customization suggestions."(5) A brewer may hold discussions with the Agentic AI, such as modifying a recipe by saying, "Please change the brewing method to enhance the reddish color," or seeking advice by asking, "What flavors are most popular with people in their 20s?"NEC BluStellarNEC BluStellar is a value creation model that leverages NEC's cutting-edge technologies, developed and refined through years of experience and proven cross-industry expertise. It aims to transform business models, address social challenges, resolve management issues faced by customers, and lead them into a brighter future.About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com.About COEDO BreweryA craft beer brand from Kawagoe, Saitama, with the concept of "Beer Beautiful." The signature beer is "Beniaka," made from locally grown sweet potatoes. We are a sustainable agricultural craft brewery that showcases the meticulous craftsmanship of Japanese artisans and the rich flavors of beer, promoting the charm of agriculture through beer. We aim for integrated production, from barley cultivation on our own farm. The quality and brand design have received global recognition, and our products are exported to 30 countries, including the United States, Australia, Singapore, France, and the United Kingdom, advancing activities from a local perspective https://coedobrewery.com/en. Copyright 2025 JCN Newswire via SeaPRwire.com.
A Breakthrough for K-Bio Beauty, Achieved Purely Through Product Excellence –
Seoul, Korea – March 28, 2025 – (SeaPRwire) – Sonimedi (SONIMEDI) [Bio Cell Fusion Science Institute], a leader in K-bio beauty, has solidified its presence in the European beauty market by winning the ‘Best Hair Product’ Award at Cosmoprof Worldwide Bologna 2025, the world’s largest beauty trade show.
The award-winning product, OVACO ProBio 6 Melanocell Shampoo, is a next-generation hair care innovation, featuring quadruple multi-function fusion technology, which integrates:
Scalp balance maintenance with six probiotic complex ingredients
UV-induced scalp damage protection through melanocyte activation
Individually certified anti-hair loss functionality
Restorative care for damaged hair
OVACO first gained recognition as the signature program product in prestigious Spanish aesthetic salons. As word spread about its exceptional efficacy, demand surged across Europe—without the need for large-scale marketing campaigns. The product’s ability to meet the strict standards of European consumers purely through its quality has earned it the industry’s highest praise, with many calling it a “brand that speaks for itself.”
The Sonimedi representative stated, “Our research has always been centered around humanity, life, and the intrinsic value of existence. This award proves that our commitment to authenticity resonates in the global market. We will continue to redefine the standards of K-bio beauty.”
Recently, Sonimedi has expanded its consumer reach by launching a dedicated line of high-performance home beauty devices, including focused ultrasound, radiofrequency, and galvanic skincare solutions. Developed with years of R&D expertise, these products are already recognized as signature treatments in dermatology clinics and aesthetic salons worldwide.
Currently, Sonimedi is advancing beyond functional cosmetics into the cutting-edge field of applied biocell beauty, leveraging stem cells, iPS cells, exosomes, peptides, and biomaterials. With a strong foundation in global ODM partnerships, the company is rapidly accelerating its expansion into the European, Middle Eastern, and Asian markets.
Social Links
Instagram: https://www.instagram.com/everyday_ovaco/
Media Contact
Brand: SONIMEDI Co.
Contact: Partners Team
Email: wepartner@sonimedi.com
Website: https://www.ovaco.net/
SINGAPORE, Mar 27, 2025 - (ACN Newswire via SeaPRwire.com) - Say hello to Tavo, the new name in pet mobility that is about to revolutionise the way pets travel. From the creators of Nuna, the globally renowned Dutch premium baby gear, Tavo makes its highly anticipated debut in Singapore with the Maeve™ 3-in-1 Pet Protection System, the first pet car seat in Singapore rigorously tested against international children’s safety standards.Drawing upon Nuna’s decades of safety innovation in baby gear, Tavo applies the same high standards of safety and innovation to pet travel. Designed for modern “pawrents” seeking enhanced protection, confidence, and peace of mind, Tavo redefines pet mobility by seamlessly combining premium materials, timeless aesthetics, and unmatched functionality—because pets deserve the same level of safety and comfort as our little ones.In a city where pets are truly family, Singapore’s pet-loving community continues to grow, with 34% of Singaporeans owning a pet and an increasing demand for safer, high-quality, and more comfortable pet travel solutions. Tavo is shaking up the pet mobility space with a first-of-its-kind travel system that fuses safety, functionality, and aesthetics, promising innovation and security on each journey with your cherished companion."We believe pets are members of the family. Nuna has dedicated years to pioneering innovation in child safety, and now, we're excited to extend that commitment to our four-legged companions with Tavo," said Austin Hodges, Global Chief Marketing Officer at Nuna Baby. "Our goal for providing the best in safety and comfort knows no bounds, whether it's for your little one or pets."Helen Johnson, Marketing Director at Tavo adds, “Protection is what makes the Maeve such a must needed product for pet owners. Not only does it protect your pet, but it also protects others traveling with you, it reduces distractions, keeps your car clean and fur-free, and offers a comforting cocoon for every journey.”Maeve™ 3-in-1 Pet Protection System: Where Safety Meets Thoughtful DesignBringing a new level of protection and convenience to pet owners on the move, the award-winning1 Maeve™ Pet Protection System offers an all-in-one solution for pets—whether furry, scaly, young, or senior—designed to keep them secure and comfortable at home, in the car, or on a walk. The 3-in-1 Pet Protection System includes:Maeve Carrier: A secure, well-ventilated pet carrier crafted with plush interiors and breathable mesh panels for comfortVehicle Base: An integrated secure locking mechanism using ISOFIX and dynamic stability controls, ensuring pets stay safe on the roadRoscoe™ Foldable Stroller Frame: A sleek and lightweight frame designed for effortless mobility, with refined details for a polished finishAt the core of the Maeve™ Pet Protection System is an unwavering commitment to safety through cutting- edge engineering and technology. Unlike traditional pet carriers, the Maeve™ system is benchmarked against the latest United Nations ECE R129 child restraint regulations, setting a new global standard for pet protection. Rigorously crash-tested at dynamic testing facilities, it incorporates shock-absorbing technology and impact-resistant materials, safeguarding pets while shielding vehicle occupants against sudden stops and collisions.In addition, the system also boasts ergonomically engineered attachment points and a smart harness integration that work in harmony to prevent accidental escapes, enhancing overall security, and providing a level of confidence that truly redefines the standard of care on the road.The Maeve™ with ISOFIX base starts at S$699, available in five luxe colourways: Onyx, Fawn, Merle, Sable, and Brindle. There are also coordinating options for the Roscoe stroller frame, which is accented with vegan leather details in black, cognac, and chocolate, for combining form and function for an elevated travel experience. The stroller frame can also be purchased separately, and features a compact fold for easy storage.The full collection is now available at iShopChangi, with additional pet protection travel gear launching soon.Following its successful launch in over 22 countries, Tavo is set to redefine pet mobility in Singapore with a commitment to safety, quality, and thoughtful craftsmanship. As the brand looks to expand further into the region in the coming months, it will continue to pave the way for a new era of pet travel – where protection meets effortless style.1 Winner of Red Dot Product Design Award 2024, European Product Design Award (EPDA) 2024 – Top Design in Pet Supplies: Safety About NunaNuna, the global brand with Dutch roots, has been focusing on creating smart, helpful and bold baby gear since 2007. First-hand experiences in parenthood show that practicality and beauty is the perfect balance when it comes to Nuna's clever solutions that span across car seat, stroller, and in-home categories. Inspired by the clean lines and ingenuity of Dutch design, the collection is as easy, safe, and as flexible as new parents need it to be. With thoughtful design put into every detail, Nuna designs around your life. Find out more at https://nunababy.com/sg.About TavoTavo is a revolutionary pet protection brand from the makers of Nuna Baby, created to redefine pet travel with a perfect blend of safety, style and innovation. With premium materials, timeless aesthetics, and rigorous safety testing, Tavo provides pets and their people with perfect travel experiences. Whether you're on a daily outing or an extended journey, Tavo ensures your pet travels safely anywhere. To learn more about Tavo, visit https://tavopets.com/sg/. Press ContactFor media queries, please contact:PRecious Communications for Tavotavopets@preciouscomms.com Copyright 2025 ACN Newswire via SeaPRwire.com.
HONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - On March 26, CALB Group Co., Ltd. ("CALB" or "the Company," stock code: 3931.HK) announced its audited annual results for the year ended 31 December 2024 (the "Reporting Period").In 2024, with increasing economies of scale, the Company achieved solid growth in annual results. During the Reporting Period, the revenue of the Company increased from RMB27,005.89 million for the year ended 31 December 2023 to RMB27,751.53 million for the year ended 31 December 2024, representing an increase of 2.8%; the Company’s profit for the year increased from RMB437.16 million for the year ended 31 December 2023 to RMB843.63 million for the year ended 31 December 2024, representing an increase of 93.0%. The basic earnings per share of the Company increased from RMB0.1661 for the year ended 31 December 2023 to RMB0.3336 for the year ended 31 December 2024, representing an increase of 100.8%.As a leading international new energy company, the Company made comprehensive efforts in all market fields during the Reporting Period and achieved sustained rapid development. According to the latest statistics from SNE Research, the Company’s installed capacity of EV batteries in 2024 ranked fourth globally and third domestically. According to InfoLink, the Company’s energy storage cell shipments ranked fifth globally in 2024.In 2024, the Company deepened collaboration in domestic markets, achieving steady growth in installed capacity. During the Reporting Period, the Company’s solutions were integrated into 25 new vehicle models, cumulatively equipping over 2 million units nationwide, with an accumulated delivery volume exceeding 100GWh. In the field of pure electric vehicle, the Company successfully supported the upgrade, iteration, and mass production of flagship models for customers such as XPeng, Geely, Changan and GAC. Furthermore, the Company realized delivery in batches of new models for multiple joint venture brand, advancing the construction of a multi-dimensional market system; In the hybrid electronic field, the Company has accelerated collaboration on new hybrid projects with Geely and Leapmotor, while successfully supported the mass production of multiple hybrid models for customers such as Chery, Dongfeng, and BAIC, with the Company’s installed capacity continued to experience rapid growth, with a year-on-year increase of nearly 200%; In addition, in the international market, the Company accelerated its global layout and secured nominations from international brands such as Toyota, Honda, Volkswagen, and Audi, while continuously expanding its customer base in Europe and Southeast Asia. During the Reporting Period, the Company’s delivery volume steadily increased, with a growing variety of product types delivered. The Company’s overseas installed capacity grew by 105% year-on-year, hitting another record high. Furthermore, in the commercial vehicle market, the Company’s Annual New Vehicle increased by 150% year-on-year, while its domestic installed capacity grew by 85.2% compared to the same period last year, achieving comprehensive coverage of mainstream products and full-scenario empowerment. The Company has successfully penetrated leading customers such as Chery, Geely, Ruichi, Foton, Dongfeng, Changan, and King Long, providing comprehensive support and delivery for the industry’s mainstream models.In the energy storage market, the Company’s energy storage cell shipments surpassed 5GWh in a single month, and the business results in terms of shipments achieved a sustained substantial growth. The Company’s 314Ah battery cells products are the first in the industry to pass certification and the first to achieve large-scale and stable delivery in batches, earning high customer recognition for both product quality and delivery capabilities. During the Reporting Period, the Company achieved major breakthroughs in the international market, completed the admission process with a number of international top energy storage owners, EPCs, integrators and suppliers, enlisted in the whitelist of these customers, achieved the delivery in batches. As a supplier of high-performance energy storage cells, the Company secured and delivered the entire 7.8GWh order for the world’s largest energy storage project in 2024, and successfully launched its first self-invested power station project. At the same time, the Company's achievements in the ship market are equally significant. the Company secured the first electric vessel project from the world’s largest oil company. Additionally, the Company won its first international order for a megawatt-level marine battery system, achieving a breakthrough in the “offshore engineering vessel” sector. The Company’s electric vessels also gained traction with batch orders at Singapore’s port, while successfully penetrating the high-end yacht market in the United States.Steering rapid development by innovation, the Company adheres unwaveringly to the strategy of consolidating its leadership in products and technologies. Propelled by a future-oriented R&D layout, the Company pushes forward the constant advancement of battery technology from multiple dimensions such as innovations in materials, structures, manufacturing as well as systems, whereby the Company possesses a number of leading technologies and products worldwide, and builds on hard-core product capabilities in all scenarios, thus bringing the development of the industry to a new height. In 2024, the Company has successfully launched new product series: “Top-tier”, “UltraRange”, “UltraLife”, and “Boundless”. These products feature comprehensive innovations and advancements in high energy density, enhanced safety, extended lifespan, ultra-fast charging, and all-weather performance, providing comprehensive and valuable full-scenario product solutions to the market and its customers. Meanwhile, putting together its own technical capabilities and industrialization strength, the Company constantly pursued the high energy density and stable safety performance of EV batteries, launching more competitive new products of ternary series and phosphate series. The Company continued to maintain its product leadership by devoting its efforts in power energy storage (new energy power generation and power grid), industrial and commercial energy storage, household energy storage and other application scenarios.About CALBCALB is a new energy enterprise specializing in the research, production, sales, and market application development of lithium batteries, battery management systems, and related integrated products and lithium battery materials. As Battery Expert, we aim to build a comprehensive energy operation system, to provide complete product solutions and full life-cycle management for the new energy application market, represented by power and energy storage.Currently, CALB has completed an all-round layout in domestic by setting up industrial bases in Changzhou, Xiamen, Wuhan, Chengdu, Hefei, Jiangmen and Meishan. Meanwhile, CALB has set up bases in Europe and ASEAN, vigorously expanding the layout all over the world to become a global leading enterprise with large-scale intelligent manufacturing capabilities. Copyright 2025 ACN Newswire via SeaPRwire.com.
- With total exports of lighting products on the rise and strong demand for smart lighting products, the two lighting fairs in early April will bring together some 1,000 exhibitors to showcase a wide range of the latest lighting products.- The Smart Lighting Expo returns to showcase innovative smart lighting products, solutions and smart connected lighting technologies- The Greenovation zone debuts this year at the Spring Lighting Fair, showcasing green lighting and smart home products and innovationsHONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - The 2nd Smart Lighting Expo and 16th Hong Kong International Lighting Fair (Spring Edition), organised by the Hong Kong Trade Development Council (HKTDC), will open from 6 to 9 April at the Hong Kong Convention and Exhibition Centre, showcasing innovative and eco-friendly lighting solutions. The two fairs will bring together some 1,000 exhibitors, providing buyers with a one-stop sourcing platform to meet the ever-changing market needs. The Smart Lighting Expo continues to be an event during Business of Innovation & Technology Week (BIT Week).Sophia Chong, Deputy Executive Director of the HKTDC, said: “This year, the theme of the twin lighting fairs is Go Smart Live Green, presenting products and technologies from the smart lighting supply chain and traditional lighting products to enhance smart living and promote sustainability. Despite the challenges in the global economy and exports, the performance of lighting products remains satisfactory, with Hong Kong's total exports of lighting products increasing by 5 percent in 2024. The major export markets were the Mainland China, the EU and United States, demonstrating the growth potential of these products, especially smart lighting products.”Smart Lighting Products experience ideal growthAccording to Global Market Insights, the international smart lighting market size was valued at US$15.8 billion in 2024 and is estimated to grow at a 19.3% compound annual growth rate from 2025 to 2034. This growth is driven by several factors including smart city initiatives, the rapid expansion of smart home technologies, and ongoing technological innovations in smart lighting solutions.The Smart Lighting Expo returns this year and offers a comprehensive platform for the entire supply chain, showcasing smart lighting technologies, human-centric designs, energy-efficient innovations and much more. In addition to the ‘Smart Lighting Products & Solutions’ and ‘Connected Lighting Technologies’ zones, this year's Expo will also feature exhibitors of Digital Displays & Signage for the first time, focusing on advanced solutions in response to the growing demand for digital displays and signage in the global market.The Shanghai Pudong Intelligent Lighting Association will return and host the Smart Ecosystem and IoT Supply Chain Area, featuring brands such as Bweetech, Creatrol Intelligence, LEDiFUTURE, Shuncom AIoT, TYF and many more. In addition, there will be group pavilions from Guangdong - Hong Kong – Macao Greater Bay Area with two new pavilions from Shenzhen, including a SZSA Smart Lighting Pavilion brought by Shenzhen Semiconductor Association, and the returning Zhongshan Pavilion, presenting a wide array of innovative lighting solutions.Spring Lighting Fair launches Greenovation zoneThe concurrent Spring Lighting Fair will continue to serve as a one-stop trading platform for diverse lighting products. This year sees the brand new Greenovation zone which will showcase green lighting and smart home products in response to the increasing demand for sustainable solutions. At the Hall of Aurora, more than 170 renowned brands will showcase innovative lighting products and technologies while other lighting product zones include commercial, decorative, residential, technical and accessories.Quality design and innovative technology act as great value-addersEach year, the expo showcases breakthrough lighting products with added value and innovative design elements. The do it yourself (DIY) market continues to thrive, with related lighting products gaining more popularity. One standout product is the Leaves DIY camping light, from KTE Electrical Limited (booth 1E-E24), which won an iF Award. It utilises flexible tracks as carriers and a portable battery as the main power supply, enabling a diversified light connection that makes camping activities more exciting. Another notable product is XRibbon, an ultra-thin LED light strip from Huitron Limited (booth: 1E-C24). Crafted from a flexible material and offering customisable light colours, it is ideal for indoor and outdoor decorative applications. This product has also received the Red Dot Design Award.In addition to great designs, many manufacturers incorporate technological elements to their products, such as artificial intelligence (AI) and Internet of Things (IoT) solutions, to enhance product intelligence. Kinglumi Co., Ltd's Caimeta AIoT (booth: 1B-A10) is a secure, digital and Intelligent IoT platform that provides end-to-end connected lighting solutions tailored for the retail, commercial, residential, education, and hospitality sectors. Shanghai Shuncom Aiot Co., Ltd. (Booth: 1A-C13) offers intelligent building internet solutions for systems such as energy consumption, security, environmental monitoring, lighting control and more, facilitating efficient intelligent building management.Lighting products are widely used in large-scale projectsMany products showcased at the two fairs have already been applied to various large-scale projects. Located at the Greenovation zone, Essence Sanitary Ware’s LED mirror (booth: 3E-C01) combines advanced light control technology to offer smart lighting solutions, featuring adjustable brightness and anti-fog technology. It is equipped with a magnifying mirror, Bluetooth speakers, a digital clock, Wi-Fi weather updates, USB ports, a wireless charging shaving socket, and a smart panel to enhance comfort and convenience. This innovative product is adopted in the residential sector and major hotel projects in the United States, including Hilton and Marriott. At the Hall of Aurora, Hong Kong’s ODM Master Limited (Booth 1E-D28), will present its Deco Pixel Bar that is suitable for any building wall or facade, even narrow ones, that has already been installed in many commercial buildings.Experts discuss market trendsIn addition to showcasing products, the twin lighting fairs will feature forums where industry players will share their insights on the latest trends and developments in the lighting industry. These forums provide a valuable platform for knowledge exchange and networking among industry professionals. The Asian Lighting Forum will take place on 6 April to facilitate the lighting industry to adapt to the latest market standards and illustrate the Environmental, Social, and Governance (ESG)development through case studies. The following day, industry experts will present technological advancements in human-centric lighting and comprehensive intelligent customised lighting application across different scenarios in the Smart Lighting Solution Forum.Providing Buyers with a seamless sourcing journeyThe events will adopt the EXHIBITION+ hybrid model, enhanced by the "Click2Match" online smart business matching platform, available from 30 March to 16 April and "Scan2Match" will be also available at the fairs, serving as a feature designed to bridge offline and online interactions. With the HKTDC Marketplace App, buyers can scan dedicated QR codes from exhibitors to bookmark their favourites, access product information, view electronic floor plans, and engage in conversations with exhibitors even after the fair, allowing them to seamlessly continue their sourcing journey.To attract exhibitors and buyers from key markets, the HKTDC is offering special airfare deals and value-for-money hotel accommodation while more than 40 hotels are offering special booking discounts for trade buyers and four airlines are providing discounted airfares for overseas buyers and exhibitors. For more details, please visit the fair websites.Business of Innovation & Technology Week (BIT Week) packed with innovation eventsDriven by the Government of the Hong Kong Special Administrative Region’s Innovation, Technology and Industry Bureau and the HKTDC, the Business of Innovation & Technology Week (BIT Week) in April 2025 brings together a series of tech-related exhibitions, conferences, seminars, roundtables and networking events in Hong Kong, setting the perfect scene for industry exchanges and cross-disciplinary collaborations. A series of exciting events during the week, including the Smart Lighting Expo, InnoEX, Hong Kong Electronics Fair (Spring Edition), Hong Kong Web3 Festival and the Hong Kong World Youth Science Conference, are must-attend technology events for the industry.Photo download: https://bit.ly/445yo42The 2nd Smart Lighting Expo and 16th Hong Kong International Lighting Fair (Spring Edition), will open from 6 to 9 April 2025, bringing together some 1,000 exhibitors. Photo shows the scene at the two fairs last yearSmart Lighting Expo returns to showcase the latest smart lighting products and solutionsIn collaboration with Shanghai Pudong Intelligent Lighting Association, the Smart Ecosystem and IoT Supply Chain Area in Smart Lighting Expo will showcase the latest lighting solutions from renowned brands. Photo shows the scene at the zone last yearThe Greenovation zone will debut at the Spring Lighting Fair, showcasing innovative green lighting and smart home productsSpring Lighting Fair’s Hall of Aurora, will see more than 170 renowned brands and showcasing innovative lighting products and technologies. Photo shows the scene at the zone last yearAsian Lighting Forum and Smart Lighting Solution Forum will take place on 6 April and 7 April respectively, with Industry experts sharing the newest trends and developments in the lighting industry. Photo shows the scene of last year's Asian Lighting ForumFair informationDateOpening hours6-8 April 2024 (Sunday to Tuesday)9:30am – 6:30pm9 April 2024 (Wednesday)9:30am – 5pmVenueHall 1A-E and 3C-E, Hong Kong Convention and Exhibition Centre, 1 Expo Drive, Wan ChaiPress registration counter and media centreFor registration, could members of the press please present their name cards and press passes at the counter located at the concourse of Hall 1CD, Hong Kong Convention and Exhibition Centre, or visit the HKTDC media centre (G/F of Hong Kong Convention and Exhibition Centre near the Expo Drive entrance)Fair websitesSmart Lighting Expo: smartlightingexpo.hktdc.comHong Kong International Lighting Fair (Spring Edition): hklightingfairse.hktdc.comActivity schedule: https://www.hktdc.com/event/smartlightingexpo/en/programmeHKTDC Media Centre: https://mediaroom.hktdc.com/enMedia enquiriesPlease contact HKTDC’s Communication & Public Affairs Department:Stanley SoTel: (852) 2584 4049Email: stanley.hp.so@hktdc.orgSerena CheungTel: (852) 2584 4272Email: serena.hm.cheung@hktdc.orgClayton LauwTel: (852) 2584 4472Email: clayton.y.lawuw@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com.
HONG KONG, Mar 28, 2025 - (ACN Newswire) - China's consumer market has shown strong resilience, driven by policy guidance and demand release. In 2024, domestic consumer market vitality strengthened as consumer enthusiasm grew steadily, and experts predict that consumption will maintain a trend of stable growth in 2025.
Against this backdrop of steady growth in the consumer market, DPC Dash – Domino’s Pizza China released its full-year earnings results on March 27, 2025, reaffirming its leading position in the Chinese pizza market with an impressive report card that combines scale and quality. In 2024, DPC Dash, Domino's Pizza's exclusive master franchisee in the China Mainland, the Hong Kong Special Administrative Region of China, and the Macau Special Administrative Region of China, achieved sustainable growth and profitability in the promising Chinese pizza market driven by its 4D strategy: Development, Delicious Pizza at Value, Delivery, and Digital. The company's annual revenues reached RMB4.31 billion, a year-on-year increase of 41.4%, and adjusted net profit surged 1,394.2% year-on-year, with the Company achieving both positive annual as-reported and adjusted net profit for the first time.
Strategic Deepening: Full-Chain Competitiveness from Store Network to Digitalization
DPC Dash’s growth momentum stems from its continuous deepening of the 4D strategy. In terms of store network development, the company adopted a "go deeper, go broader" store network strategy, with a net increase of 240 stores throughout the year and nearly 90% of new stores located in cities outside of the top tier, bringing the total number of stores to over 1,008, covering 39 cities in mainland China. The accelerated expansion of the store network reflects DPC Dash's strong confidence in seizing market opportunities. According to Frost & Sullivan data, DPC Dash ranked second in pizza sales nationwide in 2024. As of December 31, 2024, the Chinese mainland market ranked as the third-largest Domino's Pizza international market by store count.
At the beginning of 2025, the Company’s entry into six new cities, including Nanchang and Yantai, further expanded the national market layout, demonstrating the company's ongoing commitment to its expansion strategy. DPC Dash announced plans to open approximately 300 new stores in 2025. From early 2025 to March 14, 2025, it has opened an additional 82 stores, with 26 stores under construction, and 62 stores signed, securing 56% of its annual opening target and placing the Company firmly on track to complete the high-quality store expansion plan on schedule.
Meanwhile, new stores in new cities are showing strong sales momentum, gradually enhancing the brand's influence. The Shenyang debut store set a new global record with approximately RMB11.1 million in revenue during its first month. The payback periods for the 80 new stores that opened in 18 new cities between December 2023 and December 2024 average 12 months. As of early 2025, DPC Dash holds all 40 top positions in Domino's global system for first 30-day sales, proving the brand's explosive appeal in mainland Chinese cities. Both store-level and company-level profitability indicators have significantly improved, with store-level operating profit and store-level operating profit margin continuing to grow, while adjusted net profit improved nearly tenfold.
A robust product portfolio and operational efficiency synergy combine to provide another growth engine for DPC Dash. Through innovative combinations of 30 pizza varieties and approximately 20 crust options, DPC Dash accurately captures local consumer preferences, driving repeat purchases among young customers with various popular crusts. Due to high dine-in and carry-out demand in new markets, the Company suspended delivery services temporarily at some locations to meet consumers’ needs, with plans to gradually resume them at appropriate times, which also provides a potential source of future growth. Relying on central kitchens and a digital delivery system, DPC Dash’s "30-minute delivery" and supply chain efficiency optimization not only ensures user experience but also drives store-level operating profit margin up to 14.5%.
A breakthrough in digital capabilities is another highlight. In 2024, the company won several awards, including the Best Digitalization Award (Food and Dining Category) at the 15th Tiger Roar Awards and Top 20 Digitalized Enterprise by CDIE 2024. The digital-driven order system and refined operations of over 24.5 million members continuously improve labor efficiency and store efficiency. Classic promotional activities such as “Crazy Tuesday & Wednesday" and "Mega Week (BOGO)" on its self-operated online ordering channels in select cities, along with multiple limited-time brand collaboration activities with Tencent, NetEase and others, further enhanced consumer goodwill and strengthened consumer-brand interaction in 2024. Additionally, the intelligent transformation of the supply chain infrastructure will gradually reduce costs, providing underlying support for profitability improvement.
Industry Resonance: Positioning in the Hundred-Billion Market, Globalization and Localization Progress Together
DPC Dash’s explosive growth is closely intertwined with the release of industry dividends. According to data from industry research reports, the scale of China's pizza market is expected to reach RMB60.8 billion in 2025 and exceed RMB77.1 billion in 2027, with a compound annual growth rate of 15%. The online market opportunities are opening up incremental space for leading brands. In 2022, the online share of China's pizza industry surpassed offline at 58.1%, and the industry will further accelerate its digital transformation. DPC Dash continues to expand its market share with its first-mover advantage in the digital delivery system.
The combination of global resources and localized innovation further strengthens its competitive advantages. Backed by the brand reputation and R&D experience of over 21,300 Domino's Pizza stores worldwide, the company can bring a global experience through signature products while offering localized flavors for Chinese consumers. This “international gene plus local operation" model creates a dual moat in brand recognition and product adaptability.
Future Blueprint: Dual Symphony of Scale Expansion and Deepening Efficiency
In 2024, DPC Dash successfully opened its 1,000th store in Chengdu, Sichuan, marking an important milestone in the company's development history. Standing on the milestone of its first thousand stores, DPC Dash is accelerating towards the next stage.
Recognition from the capital market also injects confidence into the Company’s sustainable development . In 2024, it was selected as a constituent stock for the Hong Kong Hang Seng Composite Index, and included in both the Shanghai-Hong Kong Stock Connect Program and the Shenzhen-Hong Kong Stock Connect Program.
DPC Dash was also included in New Fortune's "2024 Best Hong Kong Listed Companies" ranking, and received the 2023 Best IPO Award from China Financial Market 2024 and other accolades. Since its IPO in 2023, as of the date of this article, the Company's stock price has risen nearly 120% from the issue price of HK$46, with a market capitalization exceeding HK$13 billion. Its liquidity has also significantly improved. As industry concentration increases and consumption upgrade trends deepen, DPC Dash, with its strategic determination and execution capabilities, is positioned to continue to lead in the hundred-billion market, writing a new chapter of steady growth.
HONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - China's consumer market has shown strong resilience, driven by policy guidance and demand release. In 2024, domestic consumer market vitality strengthened as consumer enthusiasm grew steadily, and experts predict that consumption will maintain a trend of stable growth in 2025.Against this backdrop of steady growth in the consumer market, DPC Dash – Domino’s Pizza China released its full-year earnings results on March 27, 2025, reaffirming its leading position in the Chinese pizza market with an impressive report card that combines scale and quality. In 2024, DPC Dash, Domino's Pizza's exclusive master franchisee in the China Mainland, the Hong Kong Special Administrative Region of China, and the Macau Special Administrative Region of China, achieved sustainable growth and profitability in the promising Chinese pizza market driven by its 4D strategy: Development, Delicious Pizza at Value, Delivery, and Digital. The company's annual revenues reached RMB4.31 billion, a year-on-year increase of 41.4%, and adjusted net profit surged 1,394.2% year-on-year, with the Company achieving both positive annual as-reported and adjusted net profit for the first time.Strategic Deepening: Full-Chain Competitiveness from Store Network to DigitalizationDPC Dash’s growth momentum stems from its continuous deepening of the 4D strategy. In terms of store network development, the company adopted a "go deeper, go broader" store network strategy, with a net increase of 240 stores throughout the year and nearly 90% of new stores located in cities outside of the top tier, bringing the total number of stores to over 1,008, covering 39 cities in mainland China. The accelerated expansion of the store network reflects DPC Dash's strong confidence in seizing market opportunities. According to Frost & Sullivan data, DPC Dash ranked second in pizza sales nationwide in 2024. As of December 31, 2024, the Chinese mainland market ranked as the third-largest Domino's Pizza international market by store count.At the beginning of 2025, the Company’s entry into six new cities, including Nanchang and Yantai, further expanded the national market layout, demonstrating the company's ongoing commitment to its expansion strategy. DPC Dash announced plans to open approximately 300 new stores in 2025. From early 2025 to March 14, 2025, it has opened an additional 82 stores, with 26 stores under construction, and 62 stores signed, securing 56% of its annual opening target and placing the Company firmly on track to complete the high-quality store expansion plan on schedule.Meanwhile, new stores in new cities are showing strong sales momentum, gradually enhancing the brand's influence. The Shenyang debut store set a new global record with approximately RMB11.1 million in revenue during its first month. The payback periods for the 80 new stores that opened in 18 new cities between December 2023 and December 2024 average 12 months. As of early 2025, DPC Dash holds all 40 top positions in Domino's global system for first 30-day sales, proving the brand's explosive appeal in mainland Chinese cities. Both store-level and company-level profitability indicators have significantly improved, with store-level operating profit and store-level operating profit margin continuing to grow, while adjusted net profit improved nearly tenfold.A robust product portfolio and operational efficiency synergy combine to provide another growth engine for DPC Dash. Through innovative combinations of 30 pizza varieties and approximately 20 crust options, DPC Dash accurately captures local consumer preferences, driving repeat purchases among young customers with various popular crusts. Due to high dine-in and carry-out demand in new markets, the Company suspended delivery services temporarily at some locations to meet consumers’ needs, with plans to gradually resume them at appropriate times, which also provides a potential source of future growth. Relying on central kitchens and a digital delivery system, DPC Dash’s "30-minute delivery" and supply chain efficiency optimization not only ensures user experience but also drives store-level operating profit margin up to 14.5%.A breakthrough in digital capabilities is another highlight. In 2024, the company won several awards, including the Best Digitalization Award (Food and Dining Category) at the 15th Tiger Roar Awards and Top 20 Digitalized Enterprise by CDIE 2024. The digital-driven order system and refined operations of over 24.5 million members continuously improve labor efficiency and store efficiency. Classic promotional activities such as “Crazy Tuesday & Wednesday" and "Mega Week (BOGO)" on its self-operated online ordering channels in select cities, along with multiple limited-time brand collaboration activities with Tencent, NetEase and others, further enhanced consumer goodwill and strengthened consumer-brand interaction in 2024. Additionally, the intelligent transformation of the supply chain infrastructure will gradually reduce costs, providing underlying support for profitability improvement.Industry Resonance: Positioning in the Hundred-Billion Market, Globalization and Localization Progress TogetherDPC Dash’s explosive growth is closely intertwined with the release of industry dividends. According to data from industry research reports, the scale of China's pizza market is expected to reach RMB60.8 billion in 2025 and exceed RMB77.1 billion in 2027, with a compound annual growth rate of 15%. The online market opportunities are opening up incremental space for leading brands. In 2022, the online share of China's pizza industry surpassed offline at 58.1%, and the industry will further accelerate its digital transformation. DPC Dash continues to expand its market share with its first-mover advantage in the digital delivery system.The combination of global resources and localized innovation further strengthens its competitive advantages. Backed by the brand reputation and R&D experience of over 21,300 Domino's Pizza stores worldwide, the company can bring a global experience through signature products while offering localized flavors for Chinese consumers. This “international gene plus local operation" model creates a dual moat in brand recognition and product adaptability.Future Blueprint: Dual Symphony of Scale Expansion and Deepening EfficiencyIn 2024, DPC Dash successfully opened its 1,000th store in Chengdu, Sichuan, marking an important milestone in the company's development history. Standing on the milestone of its first thousand stores, DPC Dash is accelerating towards the next stage.Recognition from the capital market also injects confidence into the Company’s sustainable development . In 2024, it was selected as a constituent stock for the Hong Kong Hang Seng Composite Index, and included in both the Shanghai-Hong Kong Stock Connect Program and the Shenzhen-Hong Kong Stock Connect Program.DPC Dash was also included in New Fortune's "2024 Best Hong Kong Listed Companies" ranking, and received the 2023 Best IPO Award from China Financial Market 2024 and other accolades. Since its IPO in 2023, as of the date of this article, the Company's stock price has risen nearly 120% from the issue price of HK$46, with a market capitalization exceeding HK$13 billion. Its liquidity has also significantly improved. As industry concentration increases and consumption upgrade trends deepen, DPC Dash, with its strategic determination and execution capabilities, is positioned to continue to lead in the hundred-billion market, writing a new chapter of steady growth. Copyright 2025 ACN Newswire via SeaPRwire.com.
