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China Dynamics Vows to Actively Expand Promising Overseas Electric Vehicle Business

Hong Kong, Pearl River Delta, South China Sea, Alexander Dennis, Cities in China, Geography of China, Geography of Asia
Wednesday, June 30, 2021 - 1:19pm

The Company will also start selling its fully electric 65-seat coaches in the Hong Kong market in the latter half of this year.

Key Points: 
  • The Company will also start selling its fully electric 65-seat coaches in the Hong Kong market in the latter half of this year.
  • The Group is optimistic about the revival of tourism post pandemic, and the big demand for electric coaches that follows.
  • Mr. Cheung Ngan, Chairman of China Dynamics, said, "The COVID-19 pandemic has complicated the business environment and posted challenges to the Group.
  • We will strive to expand our business overseas, plus enhance the Group's competitiveness so as to create long-term value for shareholders."

Regina Miracle 2H Orders Exceed Pre-Pandemic Levels, Drives Full-Year Revenue and Adjusted Net Profit in Fiscal 2021 to Approximately HK$5.97 Billion and HK$175.3 Million Respectively

Profit, Financial ratios, Finance, Economy, Foreign exchange market, Corporate finance, Gross margin, Management accounting, Hong Kong dollar, Profit margin
Wednesday, June 30, 2021 - 9:31am

Gross profit declined by 14.1% to approximately HK$1,238.0 million, with gross profit margin at 20.7% (Fiscal 2020: approximately HK$1,440.7 million and 22.7%, respectively), owing to the drop in revenue.

Key Points: 
  • Gross profit declined by 14.1% to approximately HK$1,238.0 million, with gross profit margin at 20.7% (Fiscal 2020: approximately HK$1,440.7 million and 22.7%, respectively), owing to the drop in revenue.
  • This segment contributed HK$3,968.1 million (Fiscal 2020: HK$5,061.4 million), representing a year-on-year decrease of approximately 21.6% and accounting for approximately 66.4% of the overall revenue.
  • Gross profit of the segment amounted to HK$835.4 million with gross profit margin at 21.1% (Fiscal 2020: HK$1,183.8 million and 23.4%, respectively).
  • Gross profit and gross profit margin of the segment were HK$128.3 million and 22.6%, respectively (Fiscal 2020: HK$144.2 million and 21.3%, respectively).

Haily Group Berhad aims to raise RM20.4 million from IPO

Companies, Economy of Malaysia, Finance, Permodalan Nasional Berhad, Investment banks
Wednesday, June 30, 2021 - 5:00am

KUALA LUMPUR, June 30, 2021 - (ACN Newswire) - Haily Group Berhad ("Haily" or the "Group") aims to raise RM20.4 million from its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") through an Initial Public Offering ("IPO") exercise.

Key Points: 
  • KUALA LUMPUR, June 30, 2021 - (ACN Newswire) - Haily Group Berhad ("Haily" or the "Group") aims to raise RM20.4 million from its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") through an Initial Public Offering ("IPO") exercise.
  • Launching its Prospectus today, Haily said the IPO involved a public issue of 30.00 million shares at RM0.68 each which is expected to raise gross proceeds of RM20.40 million.
  • This augurs well with the listing of Haily Group Berhad on the ACE Market of Bursa Malaysia Securities Berhad."
  • Dividends declared and distributed by the Group for the financial year ended 31 December ("FYE") 2017, FYE 2018, FYE 2019 and FYE 2020 were RM10.01 million, RM5.25 million, RM6.00 million and RM2.50 million respectively.

APOLLO FUTURE MOBILITY GROUP announces its urban delivery vehicle UME was awarded the "Best of Best" in the "Commercial" category in the Automotive Brand Contest 2021 in Germany

Military terminology, Military transport, Mobility
Wednesday, June 30, 2021 - 4:06am

A well thought-out, coherent commercial vehicle concept that is also convincing in its form with its modern, friendly product language."

Key Points: 
  • A well thought-out, coherent commercial vehicle concept that is also convincing in its form with its modern, friendly product language."
  • Mr. Ho King Fung, Eric, Chairman of Apollo Future Mobility Group Limited, comments, "With the UME our goal is to create a mobility tool for a shift towards green solutions.
  • Apollo Future Mobility Group Limited (HKEx stock code: 860) is a leading integrated mobility technology solution provider with proprietary and disruptive mobility technologies.
  • It is determined to build a world-leading one-stop service platform for "future mobility" through the integration of global advanced mobility technologies.

China Huarong's "Recent Concerns" and "Future Worries"

Finance, Companies, H shares, Economy, China Huarong Asset Management, Bank, United States federal banking legislation, ING Group, Banking in China, Banking Act
Wednesday, June 30, 2021 - 2:28am

Apart from the financial statements, on the other hand, CHAMC is a financial enterprise majority-owned by the Ministry of Finance and directly supervised by the China Banking and Insurance Regulatory Commission (CBIRC).

Key Points: 
  • Apart from the financial statements, on the other hand, CHAMC is a financial enterprise majority-owned by the Ministry of Finance and directly supervised by the China Banking and Insurance Regulatory Commission (CBIRC).
  • After all, China does not lack good banking, insurance and securities institutions, but needs more professional and experienced non-performing asset management institutions.
  • For China Huarong, stabilizing the current liquidity is only a phased task, rather than a goal of reform.
  • In the first quarter, the banking industry disposed of non-performing loans of RMB463.2 billion, exceeding the same period last year.

Alco Announces 2020/21 Annual Results, Notebook Computer Brand Business Thriving Amid Challenging Environment

Classes of computers, Personal computing, Laptops, Technology, Science and technology
Wednesday, June 30, 2021 - 1:33am

Notebook computer sales were HK$632 million, representing 261% year-on-year growth (2020: HK$175 million), with sales volume near a quarter million units, evidencing the popularity and consumer acceptance of Alco's notebook computer brands.

Key Points: 
  • Notebook computer sales were HK$632 million, representing 261% year-on-year growth (2020: HK$175 million), with sales volume near a quarter million units, evidencing the popularity and consumer acceptance of Alco's notebook computer brands.
  • Alco continued to adhere to its long-term growth strategy focusing on the developing and promoting notebook computers under the AVITA brand during the Year.
  • Mr. Leung Wai Sing, Chairman and Chief Executive Officer of Alco, said, "It is very encouraging that we recorded a 261% surge in notebook computers sales, which is also a testament of our successful transformation into development of notebook computer brand business.
  • Heeding the growth path of AVITA notebook computers and the enquiries on private-label notebook computers recently received, we are cautiously optimistic that our notebook computer outputs would soon exceed one million units per year.

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