RMB

Noah Holdings Posts Solid Q3 Financial Performance as Global Expansion Gains Momentum

Retrieved on: 
Thursday, November 30, 2023

Amid global market uncertainty and instability in the Chinese wealth management industry, Noah grew both net revenues and non-GAAP net income on a year-on-year basis during the quarter.

Key Points: 
  • Amid global market uncertainty and instability in the Chinese wealth management industry, Noah grew both net revenues and non-GAAP net income on a year-on-year basis during the quarter.
  • The robust performance was driven by Noah?s reputation for offering prudent and compliant asset allocation solutions as well as its expansion in key overseas hubs to meet demand for global exposure among Chinese high-net-worth investors.
  • In the domestic business, Noah continued to focus on expanding its presence in first-tier cities and other major population centers.
  • Internationally, Noah hit another milestone in its global expansion with the opening of its client service center in Los Angeles.

Tat Hong Equipment Service Co., Ltd. Announces 2023/24 Interim Results

Retrieved on: 
Wednesday, November 29, 2023

HONG KONG, Nov 29, 2023 - (ACN Newswire) - Tat Hong Equipment Service Co., Ltd. ("Tat Hong" or the "Company", together with its subsidiaries, the "Group") (Stock Code: 2153), the first foreign-owned tower crane service provider established in the PRC, has announced its interim results for the six months ended 30 September 2023 (the "Period").

Key Points: 
  • HONG KONG, Nov 29, 2023 - (ACN Newswire) - Tat Hong Equipment Service Co., Ltd. ("Tat Hong" or the "Company", together with its subsidiaries, the "Group") (Stock Code: 2153), the first foreign-owned tower crane service provider established in the PRC, has announced its interim results for the six months ended 30 September 2023 (the "Period").
  • The average monthly service price of tower cranes per tonne metre (TM) in use decreased from RMB 257 to RMB 225.
  • Mr. Roland Ng, Chairman of Tat Hong Equipment Service Co., Ltd. said, "Although the market is gradually recovering, the market trend overall is still full of uncertainties.
  • This series of measures can help the Group improve operational efficiency and fulfil its goal of becoming 'the best construction equipment service provider' in the industry."

PINTEC ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FIRST HALF OF 2023

Retrieved on: 
Thursday, December 28, 2023

Total revenues decreased by 11.89% to RMB35.09 million (US$4.86 million) for the first half of 2023 from RMB39.82 million for the same period of 2022.

Key Points: 
  • Total revenues decreased by 11.89% to RMB35.09 million (US$4.86 million) for the first half of 2023 from RMB39.82 million for the same period of 2022.
  • The decrease in revenues from installment service fee was mainly due to the decrease in volume of SMEs loans in the first half of 2023.
  • Cost of revenues increased by 59.90% to RMB30.88 million (US$4.27million) for the first half of 2023 from RMB19.31 million for the same period of 2022.
  • We had service cost charge by the related party of RMB0.03 million and nil for the first half of 2022 and 2023, respectively.

Exploring New Trends in the Digital Economy: Meet HTX at NFT Taipei 2023

Retrieved on: 
Saturday, December 30, 2023

Exploring New Trends in the Digital Economy: Meet HTX at NFT Taipei 2023

Key Points: 
  • Exploring New Trends in the Digital Economy: Meet HTX at NFT Taipei 2023
    The issuer is solely responsible for the content of this announcement.
  • December 1, 2023 - The founder of TRON and a member of HTX's Global Advisory Board, Justin Sun, received an invitation to attend NFT Taipei 2023, a prominent NFT event in Asia.
  • Additionally, the OneOffs Fair during the NFT Taipei 2023 attracted hundreds of artists and over 100,000 participants around the world, featuring famous NFT projects including BAYC, the largest blue chip NFT community.
  • As a steadfast advocate for the digital economy, HTX looks forward to leveraging the NFT Taipei event to establish closer connections with digital asset practitioners worldwide, jointly driving NFTs growth, exploring new trends and opportunities in the digital age, and creating new peaks in the digital economy.

OPPO Joins Global Developers and Creators to Build an Open Ecosystem Forward with Breakthrough Innovation at 2023 OPPO Developers Conference

Retrieved on: 
Thursday, November 16, 2023

Shanghai, China--(Newsfile Corp. - November 16, 2023) - OPPO today kicked off its 2023 OPPO Developers Conference (ODC23), unveiling its upgraded Pantanal cross-platform smart system and self-trained large language model-AndesGPT which empower the brand new ColorOS 14, and the exploration in open ecosystem for global developers and OPPO Health.

Key Points: 
  • Shanghai, China--(Newsfile Corp. - November 16, 2023) - OPPO today kicked off its 2023 OPPO Developers Conference (ODC23), unveiling its upgraded Pantanal cross-platform smart system and self-trained large language model-AndesGPT which empower the brand new ColorOS 14, and the exploration in open ecosystem for global developers and OPPO Health.
  • In the future, OPPO will launch the AI agent open platform for its global developers.
  • OPPO Internet services provide more growth opportunities for application and content developers through stronger localized operations and more open system capabilities.
  • Together, OPPO hopes to join more developers and creators for the continuing exploration and building an open ecosystem forward in the future.

FLJ Group Limited Announces Completion of Acquisition of Alpha Mind Technology Limited and Termination of the Lianlian Acquisition

Retrieved on: 
Friday, December 29, 2023

SHANGHAI, China, Dec. 28, 2023 (GLOBE NEWSWIRE) -- FLJ Group Limited (NASDAQ: FLJ) (the “Company”), today announced the completion of the transaction previously announced on November 22, 2023 between Alpha Mind Technology Limited (the “Target Company” or “Alpha Mind”), the Target Company’s shareholders (the “Sellers”) and the Company (the “Transaction”).

Key Points: 
  • SHANGHAI, China, Dec. 28, 2023 (GLOBE NEWSWIRE) -- FLJ Group Limited (NASDAQ: FLJ) (the “Company”), today announced the completion of the transaction previously announced on November 22, 2023 between Alpha Mind Technology Limited (the “Target Company” or “Alpha Mind”), the Target Company’s shareholders (the “Sellers”) and the Company (the “Transaction”).
  • Pursuant to the previously announced equity acquisition agreement between the Company, Alpha Mind and the Sellers, the Company acquires all the issued and outstanding shares in the Target Company for an aggregate all-cash purchase price of US$180,000,000 or RMB equivalent, paid in the form of a promissory note (collectively, the “Notes”) delivered to each of the Sellers in an aggregate amount equal to the purchase price.
  • All the senior management of the Company will stay after the completion of the Transaction.
  • The Company also announced today that it has, with mutual consents, terminated the equity acquisition agreement entered into with Lianlian Holdings Inc. (“Lianlian”) and certain of the Lianlian’s shareholders which was previously announced on September 29, 2023.

EHang’s Certified EH216-S Pilotless Passenger-Carrying Aerial Vehicles Debut Commercial Flight Demonstrations in Guangzhou and Hefei

Retrieved on: 
Thursday, December 28, 2023

Today, two grand launch events were held at the Jiulong Lake Park in Guangzhou and the Luogang Central Park in Hefei.

Key Points: 
  • Today, two grand launch events were held at the Jiulong Lake Park in Guangzhou and the Luogang Central Park in Hefei.
  • Both events marked the debut commercial flight demonstrations with the certified EH216-S aircraft, which have obtained the Standard Airworthiness Certificates issued by the Civil Aviation Administration of China (the “CAAC”).
  • Today EHang’s debut commercial flight demonstrations mark a new chapter in the development history of the pilotless passenger-carrying aerial vehicle and the low-altitude economy.
  • From the world's first-of-its-kind pilotless passenger-carrying aerial vehicle system type certificate, our first delivery with standard airworthiness certificate, to today’s debut commercial flight demonstrations with certified EH216-S aircraft in Guangzhou and Hefei, we are making steady progress towards commercial operations, as planned.

Kuke Reports First Half of 2023 Unaudited Financial Results

Retrieved on: 
Wednesday, December 27, 2023

NEW YORK, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Kuke Music Holding Limited (“Kuke” or the “Company”) (NYSE: KUKE), a leading classical music service platform in China, today announced its unaudited interim financial results for the six months ended June 30, 2023.

Key Points: 
  • NEW YORK, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Kuke Music Holding Limited (“Kuke” or the “Company”) (NYSE: KUKE), a leading classical music service platform in China, today announced its unaudited interim financial results for the six months ended June 30, 2023.
  • The Company’s copyrighted classical music content now includes over 3.06 million music tracks as of June 30, 2023.
  • Total operating expenses in the first half of 2023 decreased by 50.9% to RMB33.3 million (US$4.6 million) from RMB67.9 million in the same period of 2022.
  • Operating profit in the first half of 2023 was RMB11.6 million (US$1.7 million), compared to operating loss of RMB32.2 million in the same period of 2022.

Dada Announces Certain Management Changes

Retrieved on: 
Tuesday, December 19, 2023

Prior to his current role, he served as Chief Financial Officer of JD Logistics, Inc. Mr. Shan joined JD.com in December 2021.

Key Points: 
  • Prior to his current role, he served as Chief Financial Officer of JD Logistics, Inc. Mr. Shan joined JD.com in December 2021.
  • Mr. Mao received his bachelor’s degree from Beijing Language and Culture University and is a certified public accountant in China.
  • I wish them all the best,” said Mr. Jeff Huijian He, President of Dada.
  • “I’m thrilled to welcome Mr. Shan as Chairman and Mr. Mao as our CFO.”

Huize Partners with PICC Life Insurance to Launch “Darwin Critical Care No.8 – Advanced” – A Customized Critical Illness Insurance Product

Retrieved on: 
Friday, December 15, 2023

SHENZHEN, China, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with PICC Life Insurance Company Limited (“PICC Life”) to launch “Darwin Critical Care No.8 – Advanced”, the latest customized critical illness insurance product in the “Darwin Critical Care” series, first launched in 2018.

Key Points: 
  • SHENZHEN, China, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with PICC Life Insurance Company Limited (“PICC Life”) to launch “Darwin Critical Care No.8 – Advanced”, the latest customized critical illness insurance product in the “Darwin Critical Care” series, first launched in 2018.
  • Mr. Cunjun Ma, Founder, Chairman, and Chief Executive Officer of Huize, commented, “We are proud to launch the most advanced offering to date in our highly successful Darwin Critical Care series.
  • Since its launch in 2018, Darwin Critical Care has served over 310,000 customers and paid out more than RMB 527 million across 2,096 claims.
  • Huize has successfully launched 14 products in the Darwin Critical Care series, bringing comprehensive coverage, broad protection, and high-quality services to our young mass-affluent users.