Author: Marie Jones

The world’s leading onshore oil rig supplier Honghua Group Limited (HKG:196, Honghua or the Company) today announced unaudited consolidated interim results for the six months ending on 30 June 2021 (the period). In the first half of 2021, oil and gas companies were reluctant to increase upstream investment despite the gradual increase in oil prices, and capital expenditure did not return to the pre-pandemic level. As a result, it takes a while for overseas sales of drilling rigs and other equipment to recover. During the period, the Company’s revenue decreased 14.1% year-over-year from RMB1.807 billion to RMB1.552 billion in the…

Yiche held a car-themed super party, which promoted the sales of 43,900 cars in August Yiche, China’s leading auto IT company, teamed up with China’s top TV stations to launch the “Super August 18th Car Carnival Night” on August 18. China’s leading auto manufactures and dealers participated in the event, launching a grand August car promotion campaign. More than 50 well-known Chinese stars, singers, bands and pianists, including Jay Chou and Lang Lang, were invited to participate in the two-and-a-half-hour party, and provided songs, dances and piano performances. The evening also included 5 Car Super XR shows and interactive Celebrity…

Business Model Allowing Three-dimensional Growth Curves Builds a Long Lifecycle User Ecosystem and a “24/7 Online & Offline Entertainment Life Circle” iDreamSky Technology Holdings Limited (iDreamSky, or the Company, together with its subsidiaries, the Group; HKG:1119) is pleased to announce its unaudited interim results for the six months ended 30 June 2021 (the Reporting Period). During the Reporting Period, since the Group has stepwise terminated games that were no longer in line with the strategy for its gaming business, revenue decreased by approximately 14.1% to RMB1,367.1 million. Furthermore, the Group enhanced its game development capabilities and strived to improve and…

China’s major furniture product manufacturer Huisen Household International Group Ltd. (Huisen Household or the Group; HKG:2127) announced unaudited interim results for the period ended 30 June 2021 (the Reporting Period) today. During the Reporting Period, the Group’s revenue recorded a year-on-year increase of approximately 47.3% to approximately RMB2.4 billion. Gross profit was approximately RMB630 million, representing an increase of 72.1% as compared with the same period last year. The profit during the period was approximately RMB421 million, representing an increase of 75.9% as compared to the corresponding period of 2020. Earnings per share were RMB0.14. This was mainly due to…

Committed to Building a Deeply Vertical Service Platform for Internet Healthcare Deepen Efforts in the Development of the Chronic Diseases Field Realize Diversified Business Development The largest provider in the Integrated Healthcare Marketing Solutions Market of cardio-cerebral-vascular diseases (CCVDs), Mediwelcome Healthcare Management & Technology Inc. (Mediwelcome or the Company, together with its subsidiaries, the Group) is pleased to announce the unaudited consolidated interim results for the six months ended 30 June 2021 (the Reporting Period or the First half of 2021). During the Period, Mediwelcome maintained a positive growth momentum. The Group’s total revenue reached approximately RMB339.8 million, representing an…

DigiMax Global Inc. (the “Company” or “DigiMax”) (CSE: DIGI / OTC PINK: DBKSF), a company that provides artificial intelligence (“AI”) and cryptocurrency technology solutions, is pleased to announce that it has signed a Collaboration Agreement with Bitget Exchange based in Singapore (“Bitget”). Established in July 2018, Bitget has become the fastest growing derivatives exchange in the world, with over 1.6 million registered users. According to CoinmarketCap, a world-renowned website for cryptocurrency markets, the average daily trading volume of Bitget has exceeded US$5 billion, ranking seventh after professional derivatives exchanges (FTX and Bybit), and the top three traditional comprehensive cryptocurrency exchanges:…

Infocus International Group has released a brand new online workshop – Carbon Capture, Utilisation and Storage (CCUS) and it will be commencing live on 8 November 2021. This course is intended for those in business, commercial and strategically focused roles within the energy sector; in particular those responsible for environmental matters, business sustainability and business transformation in areas such as oil & gas, hydrogen and industrial energy usage. Attendees will leave with a clearly explained and independent perspective on how, where and why CCUS is happening now and could grow in future – covering the range of technological solutions and…

According to Mitsubishi Chemical in Japan, it will spend billions of yen on increasing the output of lithium-ion battery electrolyte. These funds will invest in upgrading the equipment of factories in the United States, Britain and China, which aims to increase the annual global production capacity to 90000 tons by 2023. It is reported that at present, Mitsubishi Chemical holds a 20 per cent share of the global market in lithium-ion battery electrolyte. Over the past decade, Mitsubishi Chemical has cooperated with Shida shenghua (603026:CH), a exclusive supplier of solvents, which underlines its advantages by the means of the high-performance…

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Capital market reforms are presenting opportunities for Mainland China’s securities industry, with companies that embrace fintech and digitalization best positioned for long-term growth, according to KPMG analysis. The 15th annual Mainland China Securities Survey analyses the industry based on the 2020 financial statements of 137 securities companies in mainland China. The report highlights the need for the securities industry to “drive transformation by creating a customer-oriented ecosystem with other players in the capital market.” Securities companies should focus on enhancing their wealth management capabilities by engaging in customer value mining, investment research and precision marketing. Meanwhile, achieving effective innovation by…

Revenue up 6.8% to HK$1,853.8 million PRC operations see positive revenue growth of 14.1% Nissin Foods Company Limited (the Company or Nissin Foods, and together with its subsidiaries, the Group; HKG:1475) has today announced its interim results for the six months ended 30 June 2021 (the reporting period). The PRC operations continued to perform well during the reporting period, while the Hong Kong operations were hard-hit by the high-base effect benefiting from the “stay-at-home” economy last year. Accordingly, the Group recorded a revenue of HK$1,853.8 million, representing a 6.8% growth year-on-year (2020: HK$1,735.4 million). It is primarily attributable to continued…

Newborn Town Inc. (9911.HK) released its 2021 Interim Financial Report on August 25, showing satisfactory business performance. In fact, Newborn Town has long been favored by the capital market, and experienced a large rise in share price of 15.8% on August 24. Newborn Town, after shifting its focus to social business in 2020, has achieved strong results in its business operations and aggressive acquisition and expansion strategies, acquisition of MICO and layout of mid- and hard-core games, leading to Newborn Town’s impressive outperformance in its stock price in the past two years. It is not hard to understand why Newborn…

Net profit surges 46.2% YOY The number of decisions and contracts signed for ship operating lease business hit a record high China Development Bank Financial Leasing Co., Ltd. ( CDB Leasing or the Company; HKG:1606) announces its interim results ended June 30, 2021 (the Reporting Period). Results Highlight: For the six months ended June 30, 2021: — Total lease financing to lessees amounted to RMB57.1 billion, representing an increase of 12% YOY; — Net profit reached RMB1.8 billion, representing an increase of 46.2% YOY; — Total revenue and other income was RMB10.4 billion, representing an increase of 8.6% YOY; –…

Kintor Pharmaceutical Limited (Kintor Pharma, HKG: 9939), a clinical-stage biotechnology company developing innovative small molecule and biological therapeutics, today announced its 2021 interim results and released an update on its recent progress in clinical development, commercialization (including license-out and production capacity expansion), and activities in Hong Kong capital market. Dr.Youzhi Tong, Founder, Chairman, and CEO of Kintor Pharma, commented, “In the first half of 2021, Kintor Pharma has made great progress in areas including research, clinical operations, and business cooperation with reputable partners. More specifically, proxalutamide, an innovative androgen receptor antagonist for the treatment of COVID-19 infection, is in three…

In the Tokyo Olympic Games, the Jinjiang brand and Olympic athletes shone together After the Tokyo Olympic Games, the Chinese sports delegation sent a letter of thanks to Anta, Shua, Joeone and other Jinjiang enterprises. From “Made in Jinjiang” focusing on livelihood products, to “Intelligent Manufacturing in Jinjiang” full of core scientific and technological competitiveness, Jinjiang brands have been continuously improving the scientific and technological value of China’s sports equipment, and making breakthroughs and creating glory together with Olympic athletes. At present, Jinjiang fully implements the strategies of “healthy China”, “sports power” and “national fitness”, and takes the opportunity of…

Revenue increased 53.7% year-on-year to RMB3.08 billion. Net profit increased by 134.2% to RMB280 million Two major brands Koradior and NAERSI achieved total revenue of over RMB1.8 billion EEKA Fashion Mall subscribers grew by 94% EEKA Fashion Holdings Limited (HKG:3709, EEKA or the Group) announced unaudited consolidated interim results for the six months ending on 30 June 2021 (the period). In the first half of 2021, the Group’s revenue increased 53.7% year-on-year to RMB3.08 billion. Gross profit was RMB2.26 billion, representing an increase of 53.3%. The gross profit rate was 73.5%. Net profit increased by 134.2% to RMB280 million (net…

Yang Xiaosong, CEO of China Southern Asset Management Co., Ltd. (Southern Asset Management), was asked to deliver the keynote speech at the first ESG Global Leaders Summit on August 26 in Beijing, sponsored by Sina Finance ESG Channel and CITIC Publishing Group. The Summit presented an opportunity to meet with global regulatory, business, investment and academic circles to discuss the future of ESG. The topic Yang chose for his address was The Road to Carbon Neutrality for Institutional Investors. Faced with the increasingly severe challenges of the climate crisis, China made the solemn promise of “30.60 Carbon Peak and Carbon…

Profitability Increases Significantly Further Expands Business Coverage Through Mergers and Acquisitions and Operation Management China Risun Group Limited (China Risun, or the Group, HKG:1907), the world’s largest independent producer and supplier of coke and a leading refined chemicals producer and supplier together with relevant operation management services provider in China, has announced its interim results for the six months ended 30 June 2021 (the Reporting Period). Profitability increased significantly with profit attributable to owners surging 381.7% to RMB1.69 billion, achieving an outstanding performance approaching the level of the full-year profit in 2020. In 2021, the Group has remained on its…

Revenue Grows to HK$860 million Net Profit Rises to HK$48.1 million Alltronics Holdings Limited (Alltronics or the Group) (HKG:833), a leading electronic products manufacturer and a provider of energy-saving business solutions, has today announced its unaudited interim results for the six months ended 30 June 2021 (1H2021, the first half of 2021 or the Period). During the Period, the Group’s revenue increased by 19.0% to HK$860 million (1H2020: HK$722.8 million), mainly attributable to the increase in sales of electronic products. Gross profit amounted to HK$141.6 million (1H2020: HK$147.3 million) and gross profit margin was 16.5% (1H2020: 20.4%). Profit for the…

HONG KONG, Aug 30, 2021 – (ACN Newswire) – According to the announcement dated in respect to “Notification for Change in Use of Fund by the Capital Partnership and the 2nd Series of Unsecured Convertible Bond with Stock Acquisition Rights”, Quantum Solutions, through Asia TeleTech Investment Limited, an indirect wholly-owned subsidiary, invested in Limited Partnership (LLP) which in turn has invested in SenseTime Group Inc. (STG). The Group noticed that STG had filed an initial public offering (IPO) application with The Stock Exchange of Hong Kong Limited on August 27, 2021. Details of this IPO will be disclosed as soon as possible after confirmation.…