SEHK

Hywin Holdings Announces Unaudited Financial Results for the Second Half and Fiscal Year 2023

Retrieved on: 
Friday, September 15, 2023

Hywin Wealth served 46,627 active clients in fiscal year 2023, a record high for a fiscal year; and the repeat investment rate from existing clients remained high at 82.0%.

Key Points: 
  • Hywin Wealth served 46,627 active clients in fiscal year 2023, a record high for a fiscal year; and the repeat investment rate from existing clients remained high at 82.0%.
  • Hywin Health had registered a total of 33,574 clients as of June 30, 2023 and revenue surged to RMB49.5 million in the second half of fiscal year 2023 from RMB0.4 million in the same period of 2022.
  • Cost related to Hywin Health business segment in the six months ended June 30, 2023 was RMB48.3 million (US$7.0 million).
  • Net income in fiscal year 2023 decreased by 49.0% to RMB120.3 million (US$17.3 million) from RMB235.9 million in fiscal year 2022.

Adicon Holdings Limited (9860.HK): Continuous growth in Core Operations, Consistent Profitability Enhancement

Retrieved on: 
Friday, September 1, 2023

For the six months ended June 30, 2023, the Company's core business experienced substantial growth, resulting in total operating revenue of RMB1.644 billion.

Key Points: 
  • For the six months ended June 30, 2023, the Company's core business experienced substantial growth, resulting in total operating revenue of RMB1.644 billion.
  • Its traditional base testing business rebounded with a 33% year-on-year increase in revenue, while its esoteric testing business witnessed 48% growth.
  • During the reporting period, Adicon achieved a gross profit margin of 43.6%, an increase of 3.2 percentage points over the prior year.
  • In addition, Adicon has remained committed to introducing novel testing technologies, with esoteric testing services driving a second wave of growth.

SunCar Technology Group Inc. Announces Service Agreement with CMBC

Retrieved on: 
Thursday, August 31, 2023

SunCar’s destination pickup service is widely praised by its customers, combining passenger, business, luxury cars which can meet different business and travel needs of the customers.

Key Points: 
  • SunCar’s destination pickup service is widely praised by its customers, combining passenger, business, luxury cars which can meet different business and travel needs of the customers.
  • The service covers 79 airports and 330 high-speed rail stations in China.
  • For elite institutional customers such as CMBC, SunCar is the top choice for value-added services during business travel.
  • Through its comprehensive services SunCar helps its customers maintain and build relations with their end customers, the businesses and individuals across China.

Sunshine Insurance Announces 2023 Interim Results

Retrieved on: 
Monday, August 28, 2023

HONG KONG, Aug 28, 2023 - (ACN Newswire) - Sunshine Insurance Group Company Limited ("Sunshine Insurance" or the "Company", together with its subsidiaries, the "Group"; SEHK stock code: 06963.HK) is pleased to announce its interim results for the six months ended June 30, 2023 (the "Reporting Period").

Key Points: 
  • HONG KONG, Aug 28, 2023 - (ACN Newswire) - Sunshine Insurance Group Company Limited ("Sunshine Insurance" or the "Company", together with its subsidiaries, the "Group"; SEHK stock code: 06963.HK) is pleased to announce its interim results for the six months ended June 30, 2023 (the "Reporting Period").
  • In the first half of 2023, despite a complex and challenging external environment, China's economy continued its recovery and showed remarkable resilience.
  • As a leading insurance company in China, the Group kept focusing on the insurance business which is the main business, with life insurance and property and casualty insurance businesses progressing in tandem and developing in a balanced manner.
  • As of June 30, 2023, Sunshine Life Insurance had approximately 13.51 million active customers.

CHINA LIFE INSURANCE COMPANY LIMITED ANNOUNCES 2023 INTERIM RESULTS (H SHARES)

Retrieved on: 
Wednesday, August 23, 2023

HONG KONG, Aug. 23, 2023 /PRNewswire/ -- China Life Insurance Company Limited (SSE: 601628, SEHK: 2628) announces the unaudited consolidated results of the Company (China Life Insurance Company Limited and its subsidiaries) for the six months ended 30 June 2023 (the "Reporting Period") prepared under International Financial Reporting Standards today.

Key Points: 
  • HONG KONG, Aug. 23, 2023 /PRNewswire/ -- China Life Insurance Company Limited (SSE: 601628, SEHK: 2628) announces the unaudited consolidated results of the Company (China Life Insurance Company Limited and its subsidiaries) for the six months ended 30 June 2023 (the "Reporting Period") prepared under International Financial Reporting Standards today.
  • Prioritising business value, in the first half of 2023, the Company realised a strong growth in its insurance business with its business structure continuously optimised.
  • In the first half of 2023, premiums of China Life Property and Casualty Insurance Company Limited ("CLP&C") cross-sold by the Company through collaboration were RMB11,856 million.
  • Additional first-year receipts of enterprise annuity funds and commercial pension products of China Life Pension Company Limited cross-sold by the Company through collaboration were RMB2,045 million.

Jaguar Global Growth Corporation I and GLAAM Provide Updates on Proposed Business Combination

Retrieved on: 
Wednesday, August 23, 2023

MIAMI and SEOUL, South Korea, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Jaguar Global Growth Corporation I (Nasdaq: JGGC, JGGCR, and JGGCW) (“Jaguar Global”) and GLAAM, Co., Ltd. (“GLAAM”), a leading designer and manufacturer of architectural media glass, today announced Jaguar Global shareholder approval of an extension to extend the date by which Jaguar Global has to consummate a business combination (the “Termination Date”) and appointees for the Board of Directors relating to the previously announced business combination.

Key Points: 
  • Jaguar Global Shareholders Approve Extension of Deadline to Complete Initial Business Combination, with 44% of IPO Shares Still Outstanding
    Announce Appointees for the New Public Company, Captivision Inc., Board of Directors
    MIAMI and SEOUL, South Korea, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Jaguar Global Growth Corporation I (Nasdaq: JGGC, JGGCR, and JGGCW) (“Jaguar Global”) and GLAAM, Co., Ltd. (“GLAAM”), a leading designer and manufacturer of architectural media glass, today announced Jaguar Global shareholder approval of an extension to extend the date by which Jaguar Global has to consummate a business combination (the “Termination Date”) and appointees for the Board of Directors relating to the previously announced business combination.
  • As a result of the business combination, GLAAM and Jaguar Global shareholders will exchange their shares for shares in a new combined company that is named “Captivision Inc.” (“Captivision”).
  • “With 44% of the shares issued in our IPO still outstanding, we believe we are well-positioned to close our business combination.
  • Under the terms of the business combination agreement, Captivision’s board will consist of seven directors.

Driving Industry Advancement Through Innovation: CITIC Telecom CPC Wins 2023 Business GOVirtual Tech Awards for First Time and Championship in the 6th Industrial Internet Data Innovation and Application Contest

Retrieved on: 
Friday, July 21, 2023

CITIC Telecom CPC is pleased to announce its AI-AR Remote Hand Service has won "Tech Company of the Year (AI Application) - Excellence Award" at "2023 Business GOVirtual Tech Awards" and the Championship of "Hydrogen Fuel Cell System Average Performance Forecast"Award in the 6th Industrial Internet Data Innovation and Application Contest.

Key Points: 
  • CITIC Telecom CPC is pleased to announce its AI-AR Remote Hand Service has won "Tech Company of the Year (AI Application) - Excellence Award" at "2023 Business GOVirtual Tech Awards" and the Championship of "Hydrogen Fuel Cell System Average Performance Forecast"Award in the 6th Industrial Internet Data Innovation and Application Contest.
  • Distinguished awards won by CITIC Telecom CPC in recent months including:
    - AI-AR Remote Hand obtained "Tech Company of the Year (AI Application) - Excellence Award" at "2023 Business GOVirtual Tech Awards" presented at BUSINESS GOVirtual Expo & Conference.
  • 2023 Business GOVirtual Tech Awards aim to recognize tech industry players who actively fosters digital transformation in Hong Kong and Greater Bay Area, and demonstrate excellence in providing cutting-edge products and services.
  • CITIC Telecom CPC data science and innovation team shines again in AI innovation contests in China.

New Media Lab Announces Proposed Listing on The Main Board of SEHK

Retrieved on: 
Thursday, June 29, 2023

HONG KONG, June 29, 2023 - (ACN Newswire) - New Media Lab Limited ("New Media Lab" or the "Group", Stock Code: 1284.HK), a renowned digital media flagship group in Hong Kong, today announced the details of its share offer (the "Share Offer") and proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK").

Key Points: 
  • HONG KONG, June 29, 2023 - (ACN Newswire) - New Media Lab Limited ("New Media Lab" or the "Group", Stock Code: 1284.HK), a renowned digital media flagship group in Hong Kong, today announced the details of its share offer (the "Share Offer") and proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK").
  • Emperor Corporate Finance Limited and Lego Corporate Finance Limited are the Joint Sponsors of the Group's listing.
  • Dealings in the shares of the Group will commence on the Main Board of SEHK on 17 July 2023 (Monday) under the stock code 1284.
  • New Media Lab is a digital media flagship group, providing one-stop integrated advertising solutions to brand owners and advertising agencies through a number of digital media platforms.

EC Healthcare Received "Institutional Investor" 2023 Multiple Awards in All-Asia Executive Team Rankings

Retrieved on: 
Wednesday, June 21, 2023

HONG KONG, June 21, 2023 - (ACN Newswire) - EC Healthcare (the "Company", which together with its subsidiaries is referred to as the "Group", SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong*, is pleased to announce the excellent result in the "All-Asia Executive Team Rankings 2023" under the category of Healthcare, Pharma & Biotech organized by Institutional Investor, an international magazine.

Key Points: 
  • HONG KONG, June 21, 2023 - (ACN Newswire) - EC Healthcare (the "Company", which together with its subsidiaries is referred to as the "Group", SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong*, is pleased to announce the excellent result in the "All-Asia Executive Team Rankings 2023" under the category of Healthcare, Pharma & Biotech organized by Institutional Investor, an international magazine.
  • The Group is delighted recognize as The Most Honoured Company (Healthcare, Pharma & Biotech) in the division - Mid & Smallcap and Asia (excluding mainland China), which represents recognition of the Group's impressive performance by the investors and the market.
  • Recognized as an authoritative ranking by industries, "All-Asia Executive Team Rankings" celebrates the outstanding companies and management teams in Asia.
  • Buy-side and sell-side analysts rated the listed companies within the scope of their research according to several criteria used in evaluating performance in corporate governance.

ADICON Announces Proposed Listing on the Main Board of The Stock Exchange of Hong Kong at an Offer Price of HK$12.32 Per Share

Retrieved on: 
Monday, June 19, 2023

-- ADICON will start its public offering in Hong Kong at 9:00 a.m. on Monday, 19 June 2023, and end at 12:00 noon on Friday, 23 June 2023.

Key Points: 
  • -- ADICON will start its public offering in Hong Kong at 9:00 a.m. on Monday, 19 June 2023, and end at 12:00 noon on Friday, 23 June 2023.
  • Dealings in shares on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") are expected to commence on Friday, 30 June 2023, with the stock code of 9860.HK, in board lots of 500 shares each.
  • -- Morgan Stanley Asia Limited and Jefferies Hong Kong Limited are the Joint Sponsors, Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers.
  • ADICON believes its quality assurance has positioned it strongly to broaden its customer base and capture an increasing market share.