PRC

Gravitas Education Holdings, Inc. Reports First Half 2023 Financial Results

Retrieved on: 
Friday, September 8, 2023

BEIJING, Sept. 8, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China and Singapore, today announced its unaudited financial results for the first half of 2023.

Key Points: 
  • BEIJING, Sept. 8, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China and Singapore, today announced its unaudited financial results for the first half of 2023.
  • As the Merger has not closed, the financial information of eLMTree is not included in the Company's financial results for the first six months of 2023.
  • See "Use of Non-GAAP Financial Measures" and "Reconciliations of GAAP and non-GAAP results" elsewhere in this earnings release.
  • See "Use of Non-GAAP Financial Measures" and "Reconciliations of GAAP and non-GAAP results" elsewhere in this earnings release.

Huadi International Group Co., Ltd. Announces the First six Months of Fiscal Year 2023 Financial Results

Retrieved on: 
Wednesday, September 6, 2023

Gross profit decreased by 3.6% to $5.7 million for the six months ended March 31, 2023, from $5.9 million for the six months ended March 31, 2022.

Key Points: 
  • Gross profit decreased by 3.6% to $5.7 million for the six months ended March 31, 2023, from $5.9 million for the six months ended March 31, 2022.
  • Operating income increased by 122% to $1.5 million for the six months ended March 31, 2023, from $0.7 million for the six months ended March 31, 2022
    Net income for the six months ended March 31, 2023, was $1.5 million compared to net loss of $9,000 for the six months ended March 31, 2022.
  • For the six months ended March 31, 2023, revenue increased slightly by approximately $1.2 million or 3.2%, to approximately $38.0 million from approximately $36.8 million for the six months ended March 31, 2022.
  • Gross profit margin was 15.1% for the six months ended March 31, 2023, as compared to 16.2% for the six months ended March 31, 2022.

Trip.com Group Limited Reports Unaudited Second Quarter and First Half of 2023 Financial Results

Retrieved on: 
Monday, September 4, 2023

SHANGHAI, Sept. 4, 2023 /PRNewswire/ -- Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) ("Trip.com Group" or the "Company"), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced its unaudited financial results for the second quarter and first half of 2023.

Key Points: 
  • SHANGHAI, Sept. 4, 2023 /PRNewswire/ -- Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) ("Trip.com Group" or the "Company"), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced its unaudited financial results for the second quarter and first half of 2023.
  • "During the second quarter of 2023, the demand for both domestic and international travel remained resilient."
  • "We are encouraged by our solid results in the second quarter," said Jane Sun, Chief Executive Officer.
  • Adjusted EBITDA margin was 33% for the second quarter of 2023, compared to 9% for the same period in 2022 and 31% for the previous quarter.

Peijia Medical Announces 2023 Interim Results

Retrieved on: 
Thursday, August 31, 2023

HONG KONG, Aug 31, 2023 - (ACN Newswire) - Peijia Medical (HKG:9996), a leading Chinese domestic player in the high-growth transcatheter valve therapeutic and neurointerventional procedural medical device markets, today announced financial results for the six months ended June 30, 2023 ("the period").

Key Points: 
  • HONG KONG, Aug 31, 2023 - (ACN Newswire) - Peijia Medical (HKG:9996), a leading Chinese domestic player in the high-growth transcatheter valve therapeutic and neurointerventional procedural medical device markets, today announced financial results for the six months ended June 30, 2023 ("the period").
  • "In the first half of the year, the Company seized the opportunity to achieve significant growth through efficient product research and development and strong team execution," said Dr. Yi Zhang, Chairman and CEO of Peijia Medical.
  • Financial and Business Results by Segment:
    Transcatheter Valve Therapeutic ("TVT") Business:
    During the period, the TVT Business recorded revenue of RMB107.7 million, representing an increase of 106.8% period-over-period.
  • As of June 30, 2023, Peijia's distributor network covered approximately 2,100 hospitals in 31 provinces and municipalities in China.

Bonanza Goldfield Corps Transforms into Marvion Inc.: Ticker Change to MVNC, Marks New Era of Innovation

Retrieved on: 
Thursday, August 31, 2023

Effective 30 August, 2023, the company will undergo a ticker change to MVNC (previous BONZ) and a name change to Marvion Inc.

Key Points: 
  • Effective 30 August, 2023, the company will undergo a ticker change to MVNC (previous BONZ) and a name change to Marvion Inc.
  • These changes reflect the company's strategic repositioning as a leader in the Metaverse Blockchain space and signify a new era of innovation and growth.
  • Marvion Inc. is a Metaverse Blockchain company that is dedicated to redefining digital ownership and engagement.
  • "We are thrilled to introduce Marvion Inc. to the world," stated Chan Man Chung, CEO of Marvion.

More work to do: how Chinese-Australians perceive coverage of themselves and China in Australian media

Retrieved on: 
Wednesday, August 30, 2023

Australian media have significantly increased their reporting on the People’s Republic of China (PRC) and Chinese-Australian communities in the past few years.

Key Points: 
  • Australian media have significantly increased their reporting on the People’s Republic of China (PRC) and Chinese-Australian communities in the past few years.
  • In response, 61% said it was “fair and balanced”, while 10% of respondents said it was “too positive”.
  • In 2022, 42% of Chinese-Australian respondents said Australian media reporting about China was “too negative”.
  • This makes up 2.2% of the entire Australian population, with 227,414 (41%) of these PRC-born individuals reporting Australian citizenship.

Key findings

    • Just over half (51%) believed Australia’s English-language media were either “relatively distrustful” (42%) or “completely distrustful” (9%) of Chinese-Australian communities.
    • These findings point to a widespread feeling among respondents that their community is substantially more likely to be mistrusted, misunderstood and misinterpreted by the Australian English-language media now than in the past.
    • About six in ten (63%) respondents reported feelings of emotional and mental anguish in response to the media’s biased reporting.
    • Given that social cohesion and inclusiveness are crucial to national interest, these findings offer an important insight into Australia’s bid for social cohesion.
    • They may also ask questions of Australia’s media in regard to their role in promoting or damaging that cohesion.

FangDD Reports First Half 2023 Unaudited Financial Results

Retrieved on: 
Friday, August 25, 2023

SHENZHEN, China, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a customer-oriented property technology company in China, today announced its unaudited financial results for the six months ended June 30, 2023.

Key Points: 
  • SHENZHEN, China, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a customer-oriented property technology company in China, today announced its unaudited financial results for the six months ended June 30, 2023.
  • For the six months ended June 30, 2023, net cash used in operating activities was RMB160.1 million (US$22.1 million).
  • These non-GAAP financial measures should be considered in addition to financial measures prepared under GAAP, but should not be considered a substitute for, or superior to, financial measures prepared under GAAP.
  • Reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP financial measure is set forth at the end of this release.

Sino Biopharmaceutical (1177.HK) Announces 2023 Interim Results

Retrieved on: 
Friday, August 25, 2023

HONG KONG, Aug 25, 2023 - (ACN Newswire) - Sino Biopharmaceutical Limited ("Sino Biopharmaceutical" or the "Company", together with its subsidiaries, the "Group") (HKEX:1177), a leading innovation-driven pharmaceutical conglomerate in the PRC, has announced its unaudited interim results for the six months ended 30 June 2023 (the "Period").

Key Points: 
  • HONG KONG, Aug 25, 2023 - (ACN Newswire) - Sino Biopharmaceutical Limited ("Sino Biopharmaceutical" or the "Company", together with its subsidiaries, the "Group") (HKEX:1177), a leading innovation-driven pharmaceutical conglomerate in the PRC, has announced its unaudited interim results for the six months ended 30 June 2023 (the "Period").
  • In the first half of 2023, two innovative products were launched to market and two biosimilar drugs received marketing approval.
  • -- Annike (Penpulimab monoclonal antibody) injection was approved in January 2023 for treating, in combination with chemotherapy, first-line locally advanced or metastatic squamous non-small cell lung cancer.
  • -- Yilishu (Efbemalenograstim alpha) injection was approved in May 2023 for the prevention and treatment of neutropenia in cancer patients taking chemotherapy drugs.

TCL Electronics (01070.HK) Achieves Solid Growth in 2023 H1

Retrieved on: 
Friday, August 25, 2023

HONG KONG, Aug. 25, 2023 /PRNewswire/ -- TCL Electronics Holdings Limited ("TCL Electronics" or the "Company", 01070.HK) today announced its interim results for the six months ended 30 June 2023 (the "Period"). Leveraging the mid-to-high-end strategy and the "TCL + Falcon" dual-brand strategy, its top-tier global brand influence, innovative technology capabilities, and the advantages of its vertically integrated industrial chain, TCL Electronics seized market opportunities during the Period, rapidly scaling up its business to achieve high-quality growth and steady operational improvements.

Key Points: 
  • In the first half of 2023, TCL smart screens recorded a 12.9% year-on-year increase in shipments to 11.46 million sets.
  • In addition to the solid development of its core business, TCL Electronics seized the opportunity to continuously develop the innovative business through its well-established advantages.
  • According to the latest ChinaIOL report on shipments in the first half of 2023, TCL air conditioners ranked fourth globally.
  • [2] Sources: GfK, TV shipments data from January 2023 to June 2023; NPD, TV retail sales data from January 2023 to June 2023
    [4] Statistical time interval of JD platform: 23 May 2023 to 18 June 2023; statistical time interval of Tmall platform: 31 May 2023 to 18 June 2023.

Ocumension Therapeutics Announces 2023 Interim Results

Retrieved on: 
Thursday, August 24, 2023

HONG KONG, Aug 24, 2023 - (ACN Newswire) - Ocumension Therapeutics ("Ocumension" or the "Company", together with its subsidiaries, collectively the "Group", stock code: 1477), a leading China ophthalmic pharmaceutical platform company, announced its interim results for the six months ended 30 June 2023 ("the Period") today.

Key Points: 
  • HONG KONG, Aug 24, 2023 - (ACN Newswire) - Ocumension Therapeutics ("Ocumension" or the "Company", together with its subsidiaries, collectively the "Group", stock code: 1477), a leading China ophthalmic pharmaceutical platform company, announced its interim results for the six months ended 30 June 2023 ("the Period") today.
  • During the Period, OcuMension maintained its focus on the pilot scale production and validation batch production for its products, such as Emadine, at its Suzhou manufacture site.
  • The Company expects to complete the enrollment of subjects for phase II clinical trials in the second half of 2023.
  • Mr. Ye LIU, CEO and Executive Director of Ocumension, said: "Over the past three years, we have made many remarkable achievements.