HONG KONG, Nov 17, 2025 - (ACN Newswire via SeaPRwire.com) – iRad Hospital, the pioneering resort medical facility located at Studio City, today announced the signing of a cooperation agreement with Hong Kong Sanatorium & Hospital. This partnership launches comprehensive cross-border medical concierge services, reinforcing the Macau government's "1+4" moderate economic diversification framework and supporting Macau's emergence as a medical tourism destination.This strategic alliance enables seamless connectivity of medical services between the two regions, providing patients with access to expanded specialty medical resources through iRad's medical concierge platform.Combining Hong Kong Sanatorium & Hospital's 103-year legacy of comprehensive medical excellence with iRad's over 20 years of professional medical experience and resort-integrated healthcare model, this partnership establishes an unprecedented healthcare network covering the Pearl River Delta region.The medical concierge program facilitates integrated care coordination, efficient cross-institutional scheduling, and personalized treatment plans utilizing resources from both institutions. This comprehensive approach ensures seamless continuity of care, delivering better clinical outcomes for patients seeking medical services in the region.Mr. Lawrence Ho, Founder of Black Spade Capital and Chairman & CEO of Melco, stated, "The collaboration between iRad and Hong Kong Sanatorium & Hospital demonstrates our commitment to advancing Macau's '1+4' industrial transformation agenda, creating vital healthcare connections between the two regions, enriching Studio City's health tourism offerings while expanding healthcare options for the Greater Bay Area community."Mr. Wyman Li, Chief Operating Officer of HKSH Medical Group, remarked, "Partnering with iRad reflects our vision of borderless healthcare, bringing exceptional value to patients in both markets, developing new approaches for the Greater Bay Area, and further deepening collaborative innovation across various sectors within the region."Photo caption: (From left to right) HKSH Head of Business Development Mr. Wei-Hsu Chen, iRad Hospital Founder & Chairman Dr. Matthew Ngan, HKSH Medical Group Chief Operating Officer Mr. Wyman Li, Black Spade Capital Founder and Melco Chairman & CEO Mr. Lawrence Ho, Black Spade Capital CEO and iRad Hospital Honorary Chairman Mr. Dennis Tam, HKSH Assistant Medical Superintendent Dr. Lau Chor Chiu, and iRad Hospital CEO Mr. Kin Wong celebrate the strategic partnership between iRad Hospital and Hong Kong Sanatorium & Hospital.About HKSH Medical GroupOfficially launched in September 2017, HKSH Medical Group promotes public health and advanced medicine through a multi-faceted, coordinated approach across clinical services, medical education, scientific research and public health education. Members of the Group, including Hong Kong Sanatorium & Hospital, HKSH Healthcare and HKSH Eastern Medical Centre, are dedicated to offering top-quality holistic care to patients, upholding the motto “Quality in Service, Excellence in Care.”Hong Kong Sanatorium & Hospital is a key member of HKSH Medical Group. Established in 1922, it is one of the leading private hospitals in Hong Kong. Living up to its motto of “Quality in Service Excellence in Care,” the Hospital is committed to serving the public as well as promoting medical education and research.For more information about HKSH Medical Group, please visit www.hksh.com.About iRad Medical Group—Hong Kong's Largest MRI Diagnostic Service ProviderEstablished in 2005, iRad is a trusted leader in diagnostic radiology across Hong Kong. Black Spade Capital has been iRad Medical's controlling shareholder since 2021. As at 2024, iRad was the largest MRI diagnostic services provider in Hong Kong by revenue and by the number of MRI scanners. Focused on delivering high-quality imaging services and exceptional patient care, the Group's strong and extensive client base includes the Government of the Hong Kong SAR, as well as other high-profile medical groups, corporations, private doctors and NGOs. Meanwhile, iRad Hospital is the first and largest private medical imaging and examination service provider within an integrated resort in Macau, making iRad Group the first medical imaging group in the world to offer comprehensive private imaging and examination services, including MRI and CT services, to the integrated resort industry.Media Enquiries:Strategic Financial Relations LimitedVicky LeeTel: +852 2864 4834Email: vicky.lee@sprg.com.hk Iris Au YeungTel: +852 2114 4913Email: iris.auyeung@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
HONG KONG, Nov 17, 2025 - (ACN Newswire via SeaPRwire.com) – Coinciding with Hong Kong FinTech Week and StartmeupHK Festival, held from November 3 to 7 featuring a series of annual events, the Payment Card Group Limited (“PCG”), a cloud-native payment processor and acquirer, demonstrated its comprehensive business strategy. On November 7, PCG presented its stablecoin settlement pilot program at the Cyberport Venture Capital Forum 2025 (CVCF), demonstrating a technological breakthrough in achieving 5-second cross-border settlement. Additionally, PCG co-organized a forum with the Hong Kong Digital Finance Association (HKDiFi) and shared industry insights on the evolving role of responsible officers. In terms of business development, PCG’s members, Yedpay and BBMSL, have partnered with Visa to launch the “China-Issued Visa Credit Card Instant Discount Program,” helping local merchants expand their mainland customer base. Meanwhile, PCG has continued to promote its “AbbyPay” POS-free digital payment solution at an exchange event with Chiyu Bank and various industry events, driving deeper integration between traditional finance and innovative technology, and demonstrating its forward-looking strategy and industry influence within the digital finance ecosystem.Showcasing stablecoin settlement pilot program at Cyberport Venture Capital Forum 2025On November 7, PCG showcased its latest projects and technological achievements at the Cyberport Venture Capital Forum 2025 (CVCF), including the stablecoin settlement pilot program and the “AbbyPay” POS-free digital payment solution. As the only payment technology company selected in the “Payment & Stablecoin” category under Cyberport’s “Blockchain & Digital Asset Pilot Subsidy Scheme,” PCG launched a stablecoin settlement pilot program with the vision of bridging traditional card payments with Web3 infrastructure. The pilot simulated an Australia-to-Hong Kong transaction using stablecoins within a controlled test environment. Compared to traditional settlement that takes 2 to 3 days and involves high FX and SWIFT costs, stablecoin settlement can be completed under 5 seconds, at 90% lower cost, with on-chain transparency. This solution enables real-time reconciliation, programmable payouts, and cross-border scalability, fully demonstrating the potential of stablecoins to enhance the payment infrastructure.Mr. Michael Hui, Regional Product Director of PCG, stated during the Cyberport’s Blockchain & Digital Asset Pilot Subsidy Scheme use case-sharing session, “With Hong Kong’s Stablecoins Ordinance now in effect, we welcome and support this forward-looking regulatory framework. Thanks to Cyberport, JETCO, our advisors, and industry partners, our pilot program has demonstrated how traditional card payments and Web3 infrastructure can truly come together, achieving stable, efficient, and compliant settlement through blockchain. Looking ahead, we will extend the pilot with merchants across various industries and continue to collaborate with banks, acquirers, and fintech companies to advance industry dialogue and scale adoption, enabling merchants to enjoy faster, more cost-effective, and transparent cross-border payment collections. We believe that with regulated stablecoins, strong compliance, and industry collaboration, Hong Kong is poised to lead the next chapter of digital settlement innovation.”Mr. Michael Hui, Regional Product Director of PCG introduces PCG’s stablecoin settlement pilot program during the Cyberport’s Blockchain & Digital Asset Pilot Subsidy Scheme use case-sharing session.Additionally, Mr. Emil Chan, Advisor of PCG, stated at the panel discussion themed “Stablecoin from a User Perspective: Unlocking New Business Opportunities”, “Stablecoins can bring revolutionary changes to cross-border payments, significantly reducing transaction fees and settlement period. They also enhance financial inclusion, enabling anyone with a smartphone to safely and efficiently access the global market. For merchants, the advantages of stablecoin adoption such as lower fees, instant settlement, and no chargebacks for fraud prevention, can help improve cash flow and attract new customers.”During the panel discussion themed “Stablecoin from a User Perspective: Unlocking New Business Opportunities,” Mr. Emil Chan, Advisor of PCG shares how stablecoins can empower merchants and drive industry transformation.Co-hosting “The New Frontier: ROs as Catalysts for Digital Finance Ecosystems” Forum with Hong Kong Digital Finance AssociationOn the same day, PCG and the Hong Kong Digital Finance Association (HKDiFi) co-hosted an official side event of Hong Kong FinTech Week 2025, “The New Frontier: ROs as Catalysts for Digital Finance Ecosystems” Forum, exploring the new role of responsible officers (ROs) in driving business growth in an increasingly regulated environment. Prof. Emil Chan, Advisor of PCG, and Chairman of the Association of Cloud and Mobile Computing Professionals, remarked, "During PCG's stablecoin settlement research and development process, we witnessed a transformation in the role of ROs. They have evolved from mere compliance gatekeepers into key forces driving innovation. They proactively seek new avenues for innovation, establish frameworks for risk management, build trust with relevant institutions, and set the stage for project success. This shift demonstrates that ROs play a pivotal role in driving success for traditional finance in the digital era."At the Forum, Prof. Emil Chan, Advisor of PCG, and Chairman of the Association of Cloud and Mobile Computing Professionals, Dr. Kenny Siu, Training Director of ESG Academy, Dr. Raymond Chan, Vice Chairman of HKDiFi, and Dr. Hermann Lui, Program Director of Investopedia Institute of Hong Kong, analyze how ROs can redefine their roles to drive business growth.Dialogue with Chiyu Bank senior executives on Hong Kong's digital finance outlookOn October 23, PCG was honored to be invited by the Hong Kong Productivity Council (HKPC) to jointly host senior executives from Chiyu Bank as part of their executive development program centered on “Leadership in Transformation.” Mr. Emil Chan, Advisor of PCG, shared valuable insights on “Opportunities and Challenges in Hong Kong’s Digital Financial Market.” Additionally, PCG team introduced the latest “AbbyPay” POS-free digital payment solution, demonstrating its innovative breakthrough in payment technology. During the event, both parties not only explored the evolving payments landscape in Hong Kong, but also fostered in-depth exchanges between traditional banking expertise and fintech innovation through cross-industry dialogues, driving continuous industry innovation.PCG team engages in a dialogue with Chiyu Bank senior executives to explore the future of digital finance in Hong Kong.Partnering with Visa to help local merchants expand mainland customer baseRecently, PCG members, Yedpay and BBMSL, have partnered with Visa to launch the "China-Issued Visa Credit Card Instant Discount Program." From now until December 31, 2025, China Construction Bank Visa cardholders can enjoy an 8% instant discount on purchases of HK$500 or more at designated stores. Through this initiative, Yedpay and BBMSL aim to help Hong Kong merchants capitalize on the peak shopping season, precisely target high-quality mainland customer segments, and further expand into the mainland market.Yedpay and BBMSL, in partnership with Visa, launch the “China-Issued Visa Credit Card Instant Discount Program” to help Hong Kong merchants capitalize on the peak shopping season and expand their reach into the mainland market."AbbyPay" POS-free digital payment solution receives widespread industry recognitionSince its launch in September, PCG has actively showcased its innovative "AbbyPay" POS-free digital payment solution at various events. In October, PCG introduced "AbbyPay" to investors, industry leaders, and retail technology professionals at the Hong Kong Retail Technology Industry Association's 22nd Anniversary Annual Dinner and the Investment Projects and Talent Matching Fair of the 9th Global Greater Bay Area Sustainable Development Economic and Trade Summit, highlighting how its SoftPOS technology helps eliminate traditional hardware and provide a more convenient and secure payment solution. The enthusiastic response and strong endorsement from participants underscored the solution’s innovative qualities and practical benefits, reinforcing "AbbyPay's" potential in driving industry digital transformation.PCG introduces "AbbyPay" POS-free digital payment solution at the Hong Kong Retail Technology Industry Association's 22nd Anniversary Annual Dinner and the 9th Global Greater Bay Area Sustainable Development Economic and Trade Summit, receiving widespread industry recognition.About The Payment Cards GroupThe Payment Cards Group Limited (“PCG”) is an innovative and leading payment technology company with operations in Hong Kong, Singapore, and the Asia-Pacific region. Established in 2016, PCG has become an acquirer with principal memberships in all major card schemes and e-wallet networks. Yedpay, a member of PCG, has firmly established itself as a digital payment acceptance business in Hong Kong. Meanwhile, A3A, another member of PCG, has developed a cloud-native payment processing platform that operates through RESTful APIs, significantly reducing costs and streamlining complex processes while providing users with real-time transaction data and insights. Furthermore, BBMSL, a core member of PCG, is a payment facilitator, dedicated to offering comprehensive digital payment solutions to Hong Kong’s small and medium-sized enterprises. As an acquiring processor, PCG serves as the backbone infrastructure of the entire payment industry by its Asia’s 1st cloud-based processing and settlement platform. Rooted in Hong Kong with a global vison, PCG seeks to empower merchants with cutting-edge payment technology solutions and drive high-quality development in the global payment ecosystem.For media enquiries, please contact:AJA (IR & Communications)Avy YuTel: (852) 9500 4443Email: avy.yu@ajacapital.com.hk / info@ajacapital.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
HONG KONG, Nov 17, 2025 - (ACN Newswire via SeaPRwire.com) – In the context of rapid evolution in the robotics industry, Shoucheng Holdings (0697.HK) is gradually transforming from a traditional infrastructure operator into a new platform company with technological attributes. Its newly released 2025 third-quarter financial report not only demonstrates the company’s solid operating fundamentals, but also clearly conveys its strategic path in the robotics industry chain—from “investment layout” toward “application implementation,” gradually building sustainable long-term growth capability.I. Maintaining High-Speed Growth, with Operating Resilience Further EnhancedThe third-quarter report shows that Shoucheng Holdings’ revenue increased 30% year-on-year to HKD 1.215 billion, while net profit attributable to shareholders rose 22% year-on-year to HKD 488 million. The asset operation business continued to expand, and the asset circulation business maintained high-yield contributions, together forming a stable and predictable operating base for the company.Cash and financial assets reached HKD 8.55 billion, while the asset-liability ratio stood at only 31.5%. The company’s financial structure remains sound, providing sufficient “margin of safety” for new investments and business incubation in robotics. On this steady operating foundation, the company announced a HKD 1 billion share repurchase plan over the next three years, with management demonstrating confidence in corporate value through long-term capital commitment.II. Robotics Enter a Dual-Track Stage of “Investment Deepening + Application Validation”Unlike many market participants who remain at the stage of technology demonstrations or laboratory prototypes, Shoucheng Holdings’ robotics layout already shows a “two-line advancement” pattern:One line upward, deepening investment along the industry chain; One line downward, deploying real application scenarios.(1) Investment deepening: Key industry chain enterprises enter their capital-market sprintThrough its industrial funds, Shoucheng Holdings is investing in humanoid robots, embodied intelligence, flying robots, intelligent perception and other directions, focusing resources on globally competitive enterprises. Recent developments include:Unitree Robotics completing IPO counseling, expected to become the first humanoid robot stock in the A-share market;Yunshengchu completing its shareholding restructuring and officially entering the IPO preparation stage;Multiple enterprises expected to be eligible for listing in 2026.The capital-market progress of these enterprises will bring structural returns to Shoucheng Holdings’ equity investment business and open new space for future profit growth.(2) Application validation: Building a “scenario network” for large-scale robot deploymentTo open the path from “technology” to “commercialization,” Shoucheng Holdings has not stopped at the investment level but has simultaneously built consumer-side and urban-side scenario networks. Examples include:The “Taozhu New Craft Bureau” robot technology experience stores launched in Beijing, Chengdu, and airport landmarks, enabling robots to be “visible, usable, and purchasable”;The “Shoucheng W” robot livestreaming studio, which enhances online reach through real-time demonstrations and consumer conversion models;Pilot deployments of automatic charging robots, surgical robots, and educational robots in education, healthcare, and cultural-tourism scenes.This dual-track structure—investment-driven and scenario-driven—allows Shoucheng to form early-stage resource barriers in “data, users, and demand,” becoming a key foundation for long-term expansion in the robotics sector.III. From High-Speed Growth Toward Long-Term Expansion: 2026 as the Key Inflection PointShoucheng Holdings is entering a critical stage of transitioning from “performance growth” to a “growth logic” model.On the financial side, stable asset operations provide a sufficient safety cushion;On the industrial side, investments, scenario deployments, and capital-market progress in robotics are forming a reinforcing cycle.As Unitree Robotics, Yunshengchu and other core enterprises enter the listing channel—combined with the nationwide rollout of experience stores, commercialization of autonomous charging robots, and expanding humanoid robot applications—the company’s robotics business is expected to enter a “quantifiable contribution phase” in 2026.In other words, over the past two years, Shoucheng Holdings has focused on building “infrastructure,” while in the coming years, it will begin to demonstrate “long-term growth attributes.”Based on a foundation of solid financials and forward-looking industrial layout, Shoucheng Holdings is gradually forming a dual-engine model of “robotics investment + application.” As the industry approaches the window of scenario scale-up, the company is already positioned strategically. High-speed growth is the present; long-term growth is the direction. For Shoucheng Holdings, 2026 may only mark the beginning of a new stage. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
香港, 2025年11月17日 - (亚太商訊) - 在机器人产业快速演进的当下，首程控股（0697.HK）正在从传统基础设施运营商，逐步转型为具备科技属性的新型平台公司。其最新发布的2025年第三季度财报，不仅展现了公司稳健的经营基本面，也清晰传递出其在机器人产业链上的战略路径——从"投资布局"迈向"应用落地"，并逐步构建可持续的长期成长能力。一、业绩保持高速增长，经营韧性进一步增强三季报显示，首程控股收入同比增长30%至12.15亿港元，归母净利润同比提升22%至4.88亿港元。资产运营业务持续扩张，资产融通业务保持高收益贡献，合计形成公司稳定、可预期的经营底盘。现金与理财资产规模达到85亿港元，资产负债率仅31.5%，财务结构稳健，这为公司进入机器人领域的新投资与新业务孵化提供了足够的"安全边际"。在稳健经营基础上，公司宣布未来三年实施10亿港元股份回购，管理层通过长期资金承诺进一步验证了对公司价值的信心。二、机器人进入"投资深化+应用验证"双轨阶段与大多数停留在技术展示或实验室阶段的市场参与者不同，首程控股的机器人布局已呈现"双线推进"的特征：一端向上，深耕产业链投资；一端向下，布局实际应用场景。（1）投资深化：产业链关键企业陆续进入资本化冲刺期首程控股通过旗下产业基金布局人形机器人、具身智能、飞行机器人、智能感知等方向，并将资源集中在具备全球竞争力的企业。近期进展包括：宇树科技完成IPO上市辅导，有望成为A股人形机器人第一股；云深处完成股改，正式进入上市筹备阶段；多家企业在2026年具备登陆资本市场的条件。这些企业的资本化进程，将为首程控股的股权投资业务带来结构性收益，为未来利润增长打开新增空间。（2）应用验证：构建机器人大规模落地的"场景网络"为了打通机器人从"技术"到"商业"的通路，首程控股并未止步于投资端，而是同步搭建消费和城市端的场景网络。例如："陶朱新造局"机器人科技体验店在北京、成都及机场等多个地标落地，实现机器人"看得见、用得上、买得到"；"首程W"机器人直播间以实时展示与消费转化模型，补齐线上触达能力；在教育、医疗、文旅等场景中推进自动充电机器人、手术机器人、教学机器人等落地试点。投资驱动与场景驱动的双轨结构，使首程能够在机器人产业的早期阶段形成"数据、用户、需求"三类资源壁垒，构成长线增长的重要基础。三、从高速增长迈向长期成长：2026年将成为关键分界线首程控股正经历从"业绩增长"向"成长逻辑"转变的关键阶段。财务端，公司以稳健资产运营提供足够安全垫；产业端，机器人业务的投资、应用场景、资本化进展正在形成互相强化的循环。随着宇树科技、云深处等核心企业进入上市通道，加之体验店全国布局、自动充电机器人商用化、人形机器人应用不断丰富，公司机器人业务预计将在2026年进入"可量化贡献期"。换句话说，过去两年首程控股着力构建的是"基础设施"；而未来几年，将开始体现"长期成长性"。首程控股以稳健财务与产业前瞻布局为基础，逐步形成"机器人投资+应用"双轮驱动的商业模型。在行业即将迎来场景放量的窗口期，公司已处在结构性优势位置。高速增长是现状，长期成长是方向，2026年对首程控股而言，或许只是一个全新阶段的开始。 Copyright 2025 亚太商讯 via SeaPRwire.com. All rights reserved. www.acnnewswire.com
DUBAI, Nov 17, 2025 - (ACN Newswire via SeaPRwire.com) - On October 31, 2025, General Atomics Aeronautical Systems, Inc. (GA-ASI) completed its "third lifetime" of full-scale fatigue (FSF) testing for the MQ-9B Remotely Piloted Aircraft (RPA). Completion of FSF testing for the third and final lifetime includes a total of 120,000 operating hours (40,000+ flight hours per aircraft life) for the RPA and is a key milestone in validating the design of the airframe. The testing verifies the airframe structural integrity in support of certification to the NATO STANAG 4671 standard.The aim of the testing is to identify any potential structural deficiencies ahead of fleet usage and assist in developing inspection and maintenance schedules for the airframe. Test results will be used as documentation for certification and will form the basis for in-service inspections of structural components."The completion of our full-scale fatigue test validates years of GA-ASI design and analysis efforts," said GA-ASI President David R. Alexander. "The first two lifetimes simulated the operation of the aircraft under normal conditions, and the third intentionally inflicted damage to the airframe's critical components to demonstrate its ability to tolerate operational damage that could occur over the lifetime of the aircraft."Testing was conducted from December 13, 2022, through October 31, 2025, at Wichita State University's National Institute for Aviation Research in Wichita, Kansas. The airframe tested was a production airframe purpose-built to support the test campaign.MQ-9B is GA-ASI's most advanced RPA and includes the SkyGuardian® and SeaGuardian® models as well as the new Protector RG Mk1 that is currently being delivered to the United Kingdom's Royal Air Force (RAF). In addition to the RAF, GA-ASI has MQ-9B procurement contracts with Belgium, Canada, Japan, Taiwan, Poland, India, Denmark, and the U.S. Air Force in support of the Special Operations Command. MQ-9B has also been featured in various U.S. Navy exercises, including Northern Edge, Integrated Battle Problem, RIMPAC, and Group Sail.About GA-ASIGeneral Atomics Aeronautical Systems, Inc., is the world's foremost builder of Unmanned Aircraft Systems (UAS). Logging more than 9 million flight hours, the Predator® line of UAS has flown for over 30 years and includes MQ-9A Reaper®, MQ-1C Gray Eagle®, MQ-20 Avenger®, and MQ-9B SkyGuardian®/SeaGuardian®. The company is dedicated to providing long-endurance, multi-mission solutions that deliver persistent situational awareness and rapid strike.For more information, visit www.ga-asi.com.Avenger, EagleEye, Gray Eagle, Lynx, Predator, Reaper, SeaGuardian, and SkyGuardian are trademarks of General Atomics Aeronautical Systems, Inc., registered in the United States and/or other countries.Contact InformationGA-ASI Media Relationsasi-mediarelations@ga-asi.com(858) 524-8101SOURCE: General Atomics Aeronautical Systems, Inc. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
DUBAI, Nov 17, 2025 - (ACN Newswire via SeaPRwire.com) - Following their announcement to bring Airborne Early Warning and Control (AEW&C) capability to the world's leading Remotely Piloted Aircraft (RPA) platform, General Atomics Aeronautical Systems, Inc. (GA-ASI) and Saab will now team up to demonstrate the capability in the summer of 2026. The demo will be conducted at GA-ASI's Desert Horizon flight operations facility in Southern California using a GA-ASI MQ-9B equipped with AEW&C supplied by Saab.In partnership with Saab, a leading company in AEW&C systems, GA-ASI is pairing Saab's AEW sensors with the world's longest-range, highest-endurance RPA, the MQ-9B. At sea or over land, adding AEW capabilities on MQ-9B enables persistent air surveillance and enables AEW in areas of the world where it doesn't currently exist or is unaffordable, such as for navy aircraft carriers at sea."Adding AEW&C to the MQ-9B brings a critical new capability to our platform," said GA-ASI President David R. Alexander. "We want to deliver a persistent AEW&C solution to our global operators that will protect them against sophisticated cruise missiles as well as simple but dangerous drone swarms."MQ-9B models include the SkyGuardian® and SeaGuardian®, the United Kingdom's MQ-9B variant known as Protector, and the new MQ-9B STOL (Short Takeoff and Landing) configuration currently in development.The AEW solution for MQ-9B will offer critical aloft sensing to defend against tactical air munitions, guided missiles, drones, fighter and bomber aircraft, and other threats. Operational availability for a medium-altitude, long-endurance UAS is the highest of any military aircraft, and as an unmanned platform, its aircrews are not put into harm's way.GA-ASI and Saab's AEW offering will span a wide range of applications, including early detection and warning; long-range detection and tracking; and simultaneous target tracking and flexible combat system integration - all over line-of-sight and SATCOM connectivity.About GA-ASIGeneral Atomics Aeronautical Systems, Inc., is the world's foremost builder of Unmanned Aircraft Systems (UAS). Logging more than 9 million flight hours, the Predator® line of UAS has flown for over 30 years and includes MQ-9A Reaper®, MQ-1C Gray Eagle®, MQ-20 Avenger®, and MQ-9B SkyGuardian®/SeaGuardian®. The company is dedicated to providing long-endurance, multi-mission solutions that deliver persistent situational awareness and rapid strike.For more information, visit www.ga-asi.com.Avenger, EagleEye, Gray Eagle, Lynx, Predator, Reaper, SeaGuardian, and SkyGuardian are trademarks of General Atomics Aeronautical Systems, Inc., registered in the United States and/or other countries.Contact InformationGA-ASI Media Relationsasi-mediarelations@ga-asi.com(858) 524-8101SOURCE: General Atomics Aeronautical Systems, Inc. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
HONG KONG, Nov 17, 2025 - (ACN Newswire via SeaPRwire.com) – As the public subscription for Chuangxin Industries Holdings Limited (“Chuangxin Industries”; Stock Code: 02788.HK) entered its second day, the market response has been overwhelmingly positive. The company officially launched its initial public offering on November 14, 2025, with 17 cornerstone investors’ participation—a move that further bolsters investor confidence. As a leading player in China’s upstream aluminum sector, the company is offering 500 million shares subject to the Over-allotment Option, within a price range of HK$10.18 – HK$10.99 per share, aiming to raise up to HK$5,495 million. The public subscription period will run until November 19, 2025, with an entry fee of approximately HK$5,550 for a board lot of 500 shares, ahead of its expected listing on the HKEX Main Board on November 24, 2025.Chuangxin Industries specializes in alumina refining and aluminum smelting—two of the most value-added segments of the aluminum industry chain. With a proven track record of cost leadership, proactive green transition initiatives, and a highly integrated operational ecosystem, the company is strategically positioned to capitalize on growing global demand for aluminum—particularly low-carbon aluminum, which is increasingly favored in sectors such as electric vehicles, renewable energy infrastructure, and consumer electronics.One of the standout features of Chuangxin Industries is its strategic presence in resource-rich regions such as Inner Mongolia and Shandong Province. The company’s aluminum smelter in Huolinguole ranked as the fourth-largest production base of electrolytic aluminum in 2024 in North China. This location offers the company a decisive advantage in power costs, supported by self-generation capabilities and abundant local energy resources. In 2024, the company’s coal-fired power cost stood at just RMB0.37 per kWh, notably below the national average of RMB0.43 per kWh. By May 2025, this figure had further dropped to RMB0.33 per kWh—a clear indicator of continuous operational optimization.This low-cost energy structure has enabled Chuangxin Industries to achieve a cash cost of aluminum of approximately RMB15,112 per ton in 2024, significantly lower than the industry average of approximately RMB17,700 per ton in China. According to CRU, the company ranked among the top 5% of all aluminum smelting companies in China in terms of cost efficiency, reinforcing its competitive edge both domestically and globally.Aligned with China’s national goals to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, Chuangxin Industries is moving decisively toward green power adoption. The company is currently constructing wind and solar power plants with a total projected installed capacity of 1,750.0 MW. By the end of 2026, it aims to source over 50% of its energy from renewables—doubling the national mandate of 25%. This transition not only supports environmental targets but also drives down long-term operational expenses. Based on the estimates, the delivered cost of green power is expected to be as low as RMB0.10–0.18 per kWh, substantially below current coal-powered rates, thereby enhancing profitability and insulating the company from potential carbon price increases.Another pillar of Chuangxin Industries’ competitive strength lies in its self-sufficient operational model. Electricity represents a major portion of production costs in aluminum smelting, and the company’s electricity self-sufficiency rate reached approximately 88% in 2024, far exceeding the industry average of around 57%. This high level of energy autonomy not only stabilizes production but also shields the company from grid price volatility. In addition, the company maintains a high rate of alumina self-sufficiency, with an annual designed production capacity of 788.1kt for electrolytic aluminum and 1,200.0 kt for alumina—ensuring a reliable and cost-effective supply of key raw materials.Geographic advantages further amplify Chuangxin Industries’ market positioning. Its Inner Mongolia smelter is located within a 25 km radius of downstream customers boasting a combined production capacity of over 1.9 million tons—far exceeding its own annual output of 788.1 kt. This proximity not only reduces transportation costs but also enables the sale of liquid aluminum, which must be delivered within a narrow 50 km radius. Supported by its high rates of self-sufficiency in both electricity and alumina supply, Chuangxin Industries has established a synergistic, integrated ecosystem that ensures unique competitiveness across the electrolytic aluminum industry chain and shields the company from market volatility. Financially, Chuangxin Industries has demonstrated impressive growth and operational efficiency. Revenue increased from RMB13.8 billion in 2023 to RMB15.2 billion in 2024, and surged by 22.6% year-on-year to RMB7.2 billion in the first five months of 2025. Gross profit margin improved markedly from 16.9% in 2023 to 28.2% in 2024, reflecting both improved cost control and favorable industry dynamics. These results underscore the company’s ability to capitalize on market upcycles while maintaining structural cost advantages.Looking ahead, Chuangxin Industries is not resting on its achievements. The company has unveiled plans to establish a 500 kt aluminum smelting facility in Yanbu, Saudi Arabia—a strategic move that will leverage the country’s low-cost natural gas resources and prime location near the Red Sea. This expansion will facilitate efficient export of aluminum products to markets in Europe and the United States via the Suez Canal.The IPO of Chuangxin Industries arrives at a pivotal moment, with global aluminum demand being steadily driven by transitions in transportation, energy, and digital infrastructure. With its industry-leading cost structure, clear green transformation roadmap, and fully integrated value chain, Chuangxin Industries is not merely a commodity producer—it is a forward-looking industrial operator committed to sustainable and high-quality growth. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
