Renminbi

RMB Capital Statement on Results of Sanyo Annual General Shareholders Meeting

Wednesday, May 27, 2020 - 3:27am

RMB Capital (RMB), a Chicago-based independent investment advisory firm, is a long-term shareholder of Sanyo Shokai Ltd. (8011 JP, Sanyo) and owns more than 6% of the firms total outstanding shares.

Key Points: 
  • RMB Capital (RMB), a Chicago-based independent investment advisory firm, is a long-term shareholder of Sanyo Shokai Ltd. (8011 JP, Sanyo) and owns more than 6% of the firms total outstanding shares.
  • RMBs shareholder proposals were not approved by the 77th annual general shareholders meeting held at Sanyo on May 26, 2020.
  • RMB Capital will continue to monitor and evaluate progress by the new management team as warranted by the firm's shareholder position in the company.
  • Headquartered in Chicago, RMB Capital is an independent investment advisory firm that serves high-net-worth individuals and families as well as institutional investors.

Ideanomics' MEG Signs a Framework Strategic Agreement with Smart Travel Technology Leader, Qinou Group

Friday, May 22, 2020 - 1:54pm

Qinou Group's battery exchange technology solves this challenge, enabling taxi operators to confidently adopt EV taxis and meet regulatory requirements.

Key Points: 
  • Qinou Group's battery exchange technology solves this challenge, enabling taxi operators to confidently adopt EV taxis and meet regulatory requirements.
  • Qinou Group focuses on the operation of smart travel power exchange systems, facilitating quick and simple battery exchange, and is committed to the development and operation of the smart travel ecosystem.
  • MEG and Qinou Group project sales of 30,000 units by 2023, valued at RMB 4 Billion (USD 562 million).
  • For 2020, MEG and Qinou Group project up to 5,000 units, valued at approximately RMB 650 million (USD 91 million).

NIU Technologies Announces Q1 2020 Financial Results: Expansion is Undeterred under Global Pandemic, Expects Growth and Profit in Q2 2020

Monday, May 18, 2020 - 8:51am

BEIJING, China, May 18, 2020 - (ACN Newswire) - NIU Technologies ("NIU", or "the Company") (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, today announced its financial results for Q1 2020.

Key Points: 
  • BEIJING, China, May 18, 2020 - (ACN Newswire) - NIU Technologies ("NIU", or "the Company") (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, today announced its financial results for Q1 2020.
  • For Q1 2020, the revenue is RMB 232.9 million, which decreased by 34.4% YoY due to lower sales volume.
  • On the other hand, the number of e-scooters sold in international markets reached 5,844 units, increased by 5.9% YoY.
  • Q1 2020 R&D expenses were RMB 22.7 million (including RMB 2 million of share-based compensation), which increased by 58.6% compared to Q1 2019.

Niu Technologies Announces First Quarter 2020 Financial Results

Monday, May 18, 2020 - 8:00am

-- First Quarter Revenues of RMB 232.9 million, down 34.4% year over year

Key Points: 
  • -- First Quarter Revenues of RMB 232.9 million, down 34.4% year over year
    -- First Quarter Net loss of RMB 26.4 million, compared with net income of RMB 12.0 million in the first quarter of last year
    BEIJING, May 18, 2020 (GLOBE NEWSWIRE) -- Niu Technologies (NIU, or the Company) (NASDAQ: NIU), the worlds leading provider of smart urban mobility solutions, today announced its financial results for the first quarter 2020.
  • Net loss was RMB 26.4 million, compared with net income of RMB 12.0 million in the first quarter of 2019.
  • NIU expects revenues of the second quarter 2020 to be in the range of RMB 585 million to RMB 655 million, representing a year-over-year increase of 10% to 23%.
  • The Company will host a conference call at 8:00 AM on May 18, 2020 U.S. Eastern Time (8:00 PM on May 18, 2020 Beijing/Hong Kong time) to discuss its first quarter 2020 financial results and provide a corporate update.

RMB Capital Offers Rebuttal to Sanyo’s Press Releases

Friday, May 15, 2020 - 3:38am

RMB did propose Sanyo to consider a sale to a strategic buyer in December of last year.

Key Points: 
  • RMB did propose Sanyo to consider a sale to a strategic buyer in December of last year.
  • RMB has been trying to better understand Sanyos business since our initial investment in 2017.
  • RMB is leading these actions, but all stakeholders, including Sanyos trade partners, should also do their part.
  • Headquartered in Chicago, RMB Capital is an independent investment advisory firm that serves high-net-worth individuals and families as well as institutional investors.

ATA Creativity Global Reports 2020 First Quarter Financial Results, Announces Adoption of Up to US$1 Million Share Repurchase Program

Thursday, May 14, 2020 - 9:05pm

A replay will be available shortly after the call on the investor relations section of ACGs website and will remain available for 90 days.

Key Points: 
  • A replay will be available shortly after the call on the investor relations section of ACGs website and will remain available for 90 days.
  • ATA Creativity Global is an international educational services company focused on providing quality learning experiences that cultivate and enhance students creativity.
  • ATA Creativity Global offers a wide range of education services consisting primarily of portfolio training, educational travel, overseas study counseling and other educational services through its training center network.
  • The Companys financial information is stated in Renminbi (RMB), the currency of the Peoples Republic of China.

HSW* to Invest 375m RMB In the Construction of a Manufacturing Plant in China

Monday, May 11, 2020 - 2:58pm

HSW's Board of Directors recently confirmed an investment of 375m RMB in the construction of a manufacturing and assembly plant for the company's products in China.

Key Points: 
  • HSW's Board of Directors recently confirmed an investment of 375m RMB in the construction of a manufacturing and assembly plant for the company's products in China.
  • The plant will be built in the city of Qingdao in eastern China on the Yellow Sea coast and is the first to be owned by the company in China.
  • The cost of building the plant is estimated at 375m RMB (approximately 190m NIS).
  • Construction is scheduled to began at the end of Q1 2020 and to be completed within a year.

Sinopec Ranks First in Brand Value in China's Energy and Chemical Industry

Monday, May 11, 2020 - 12:08pm

Sinopec is valued at RMB 299.1 billion, making it the second-most valuable brand in China

Key Points: 
  • Sinopec is valued at RMB 299.1 billion, making it the second-most valuable brand in China
    BEIJING, May 11, 2020 /PRNewswire/ --China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec"), China's leading energy and chemical company, was named the number one brand in China's energy and chemical industry in terms of brand value at China Brand Day 2020, held on May 10.
  • Easy Joy's brand value reached RMB 16.1 billion, up by RMB 4.6 billion, while Great Wall Lubricant's brand value reached RMB 7.7 billion, up by RMB 600 million.
  • In the end, the brand value of 564 brands were announced on China Brand Day, totaling RMB 7.3563 trillion in value.
  • For the last 37 years, Sinopec has been committed to forging cleaner energy and chemical products through respondible, practical action.

Sinopec Ranks First in Brand Value in China's Energy and Chemical Industry

Monday, May 11, 2020 - 10:59am

BEIJING, May 11, 2020 /PRNewswire/ --China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec"), China's leading energy and chemical company, was named the number one brand in China's energy and chemical industry in terms of brand value at China Brand Day 2020, held on May 10.

Key Points: 
  • BEIJING, May 11, 2020 /PRNewswire/ --China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec"), China's leading energy and chemical company, was named the number one brand in China's energy and chemical industry in terms of brand value at China Brand Day 2020, held on May 10.
  • Easy Joy's brand value reached RMB 16.1 billion, up by RMB 4.6 billion, while Great Wall Lubricant's brand value reached RMB 7.7 billion, up by RMB 600 million.
  • In the end, the brand value of 564 brands were announced on China Brand Day, totaling RMB 7.3563 trillion in value.
  • For the last 37 years, Sinopec has been committed to forging cleaner energy and chemical products through respondible, practical action.

Hikvision announces full-year 2019 and first quarter 2020 financial results

Thursday, April 30, 2020 - 3:17pm

And the revenue in the domestic market (China) in 2019 was RMB 41.42 billion, with YoY growth of 16.20%.

Key Points: 
  • And the revenue in the domestic market (China) in 2019 was RMB 41.42 billion, with YoY growth of 16.20%.
  • Particularly, the revenue of its smart home business in 2019 was RMB 2.59 billion, seeing a 58.38% YoY growth.
  • Amidst the extraordinary global circumstances in Q1 2020, Hikvision has also disclosed its Q1 2020 financial results, with a revenue of RMB 9.43 billion, representing a YoY decrease of 5.17%.
  • Committed to the utmost quality and safety of its products, Hikvision encourages partners to take advantage of the many cybersecurity resources Hikvision offers, including the Hikvision Cybersecurity Centre.