WANKA ONLINE INC. (Stock Code: 1762.HK) announced the consolidated annual results for the year ended 31 December 2020 (the “Reporting Period”) on 26 March. Despite the harsh environment affected by the COVID-19 epidemic, WANKA ONLINE stand with the participants of Android ecology, the Company is concerned about the health of the Android ecological environment all the time, and through constant investment in research and development to improve and enhance the professional ability and level, so that the Company can maintain a level of commitment. During the reporting period, WANKA ONLIE recorded a revenue of RMB1,726.75 million. The gross profit, operating…
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26 March 2021, BOE Varitronix Limited (HKG:710), the world’s leading smart automotive display and innovative solution provider announces its final results for the full year ended 31 December 2020. Leveraging on its momentum growth in the automotive display business, the Group realized revenue of HK$4,527 million, an increase of 27% from last year’s HK$3,574 million. The increase in gross profit as driven by the increase in turnover, and the cost-optimizing and efficiency management actions implemented by the Group, EBITDA has increased by 30% from HK$166 million in 2019 to HK$216 million, the profit attributable to shareholders recorded a significant increase…
Redsun Properties Group Limited (HKG:1996), a leading comprehensive property developer in Mainland China, announced its annual results for the year ended 31 December 2020. The Group has maintained a solid financial position with enhanced credit. With revenue hit a record high, steady profit growth, stable growth in scale of assets, and continuous optimization of debt structures, the Group entered into the green tier at the “Three Red Lines” assessment. 2020 Results Highlights: Contracted sales reached RMB86.50 billion, representing a year-on-year increase of 32.8%. The average contracted selling price increased by 10.0% to RMB14,622 per sq.m. Total revenue amounted to RMB20.2…
Commentary by Scott Albert. *The following is an editorial and represents the opinions of the author only. In the past two years, Australian beef exporters have become victims of the trade war due to the acute worsening of trade relations between China and Australia. China stopped importing beef products from five Australian beef companies, four of which produced and exported 35% of the market from Australia to China. In August 2020, prohibited antibiotics were detected in imported beef, leading Chinese Customs to take action against the fifth beef company to be suspended. The Chinese market has always been an important…
Commentary by Scott Albert. *The following is an editorial and represents the opinions of the author only. On November 19, 2020, the Australian Department of Defense issued a report that officially recognized the killing of 39 civilians by Australian elite forces in Afghanistan. The 300-page report caused an uproar in the international arena. Killing civilians was given the word “blooding” by the Australian military, but under the disguise of such words, killing innocent people has become a soldier’s “coming-of-age ceremony” or a “sacrifice” to a certain ritual. However, the “macho” culture under the catalytic action of war is constantly moving…
Sets up Sales Centers in Tokyo China Dynamics (Holdings) Limited (Stock Code: 476, together with its subsidiaries, collectively China Dynamics or the Group), a provider of new-energy vehicles and technology integrated solutions, has announced that the Company, through its subsidiary Japan Dynamics Co., Ltd. (“Japan Dynamics”), entered into a memorandum of understanding (MOU) with EX JOINTS Co., Ltd. ( “EX JOINTS”) to jointly promote an electric vehicle business in Japan. Persuant to the MOU, Japan Dynamics and EX JOINTS will establish a business alliance on the promotion of electric vehicle in Machida City, Tokyo Metropolis, Japan. The cooperation includes setting up…
Leading manufacturer of nameplates and plastic injection moulded parts to MNC customers Proceeds for purchase of machinery and equipment to expand capacity, grow market share in E&E and automotive industries The shares of Volcano Berhad (VOLCANO) have been oversubscribed by 176.6 times ahead of the Group’s listing on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Malaysia). “We are extremely grateful for the confidence our investors have in Volcano, our business, prospect and future plans. Our hard work to build a sustainable business for the past 20 years has paid off,” said Managing Director of Volcano, Datuk Ch’ng Huat…
Performance rebounded strongly in the second half of the year Revenue from customized content surged China’s leading online tour guide provider Lvji Technology Holding Inc. (Lvji Technology or the Company, together with its subsidiaries, the Group, stock code: 1745.HK) announced its consolidated results for the year ended December 31, 2020 (“the Year”). Financial Highlights: The revenue in 2020 was RMB295.1 million, compared with RMB541.8 million in 2019. The decrease in the revenue was mainly due to the global outbreak of COVID-19 in the first quarter which led to shrinking travel demand. The revenue in the second half of 2020 was…
The Taste of China Arrives in Japan The February 25, the Japanese special issue of People’s Daily Overseas Edition published a theme report titled New Overseas Chinese Launches Osaka ‘Tan Ya Xue’ Under the Epidemic. This report occupies most of the page and is extremely eye-catching. In the article, Huang Youzhi shares his entrepreneurial story in detail, from his life in Japan to the development and transformation of his career. He sincerely explained his original intention of bringing “Tan Ya Xue Old Hot Pot” to Japan. During the interview, Huang showed extremely keen insight and excellent strategic vision. Tan Ya…
Greenland Hong Kong Holdings Limited (HKG: 00337) held an online 2020 annual results conference in Shanghai, Mr. Chen Jun (Chairman and Chief Executive Officer of Greenland Hong Kong), Mr. Chen Zeng Li (Vice President) and Mr. Lei Yu (Secretary of the Board) attending the press conference. Business Highlights (as of 31 December, 2020): Revenue was approximately RMB33.73 billion Total Assets was approximately RMB164.99 billion Net Profit were approximately RMB3,459 million Profit for the year attribute to the owners of the Company was approximately RMB2,608 million Gross Profit was approximately RMB8,249 million. Gross Profit Margin reached 24.5%. Earnings per share amounted…
At the 2021 Palm Beach International Boat Show, Navier, a Silicon Valley startup, is proud to announce the first product for the new brand, a 27-foot foiling performance-craft that is capable of a range exceeding 75 nautical miles all under electric propulsion, with exceptionally advanced autonomy features. The foils will ensure a smooth ride over chop and the minimal wetted surface reduces drag, resulting in the most efficient operation possible. Highlights: Navier–a Silicon Valley startup–is building technology to radically increase the efficiency of small powerboats by 90% while ensuring zero emissions and a vastly superior ride experience. Led by two…
Contracted Sales Increased Substantially by Approximately 44.3% Amid Speed and Efficiency Enhancement The board (the “Board) of directors (the “Directors”) of DaFa Properties Group Limited (DaFa Properties or the Company, together with its subsidiaries, Stock Code: 6111.HK) is pleased to announce the audited annual consolidated results for the Group for the year ended 31 December 2020 (the “Reporting Year”). DaFa Properties 2020 Annual Results Highlights (For the year ended 31 December 2020) Contracted sales were approximately RMB30,320 million, representing a significant year-on-year increase of approximately 44.3%; The contracted GFA was 2,045,067 sq.m, representing a year-on-year increase of approximately 31.8%; Revenue…
Income Growth Steadily In the Pandemic Of COVID-19 China’s major furniture product manufacturer Huisen Household International Group Ltd. (Huisen Household or the Group; stock code: 2127.HK) announced audited annual results for the year ended 31 December 2021 (“the review period”) today. During the review period, the Group’s revenue increased by approximately 4.7% to RMB 3,896 million, gross profit was approximately RMB 944 million. After deducting listing and other expenses, the group’s profit for the year was approximately RMB 541 million, representing a decrease of approximately 4.9% as compared to the same period in 2019, mainly due to a loss of…
Revenue was Approximately HK$2,797.9 million Profit Attributable to Owners of the Company Increased 54.8% to HK$119.0 million Outstanding Performance from the Star Business “Men Wah Bing Teng” With Revenue up 64.7% to HK$493.2 million Tai Hing Group Holdings Limited (Tai Hing or the Group; stock code: 6811), a multi-brand casual dining restaurant group with roots in Hong Kong and a network of more than 210 restaurants in Hong Kong, Mainland China, Macau, and Taiwan, has just announced its annual results for the year ended 31 December 2020 (the “Review Year” or the “FY2020”). RESULTS HIGHLIGHTS Revenue contracted by 14.0% to…
Target price is HK$9.2 and HK$9.37 respectively Redsun Services Group Limited (stock code: 1971), a fast-growing comprehensive community services provider focused on the Yangtze River Delta, is given ‘Outperform’ and ‘Buy’ rating by CCB International and CBM international respectively with target price at HK$9.2 and HK$9.37, both famous investment banks have recognized the Group’s outperforming annual results for the year 2020 CCB International mentioned Redsun Services’ diversified business and its continuous expansion of third-parties business, expects third-parties/Redsun Properties (1996.HK) to account for 60%/40% by 2021 and 70%/30% of the Group’s managed GFA by 2022. For community VAS (Value-added Services), the…
Strengthens Foothold in Southeast Asia Market China Dynamics (Holdings) Limited (Stock Code: 476, together with its subsidiaries, collectively China Dynamics or the Group), a provider of new-energy vehicles and technology integrated solutions, and GET Worldwide, Inc. (“GET Worldwide”), have signed a long-term supply agreement, following the delivery of electric buses in Davao and Metro Manila in the Philippines last December. Under the long-term supply agreement, China Dynamics will provide GET Worldwide, a California based E-mobility solutions company, with no less than 100 units of the 6.5 meter COMET electric minibus within 6 months and not less than 500 units of…
With Sufficient Cash Flow, Proposed a Final Dividend of HK2.29 Cents Everbright Grand China Assets Limited (stock code: 03699), a subsidiary of China Everbright Group, principally engaged in the businesses of property leasing, property management and sales of properties held for sale, announced its annual results ended 31 December 2020 (“Reporting Period”). Dearing the reporting period, the Group’s revenue amounted to approximately RMB51.7 million, which represented a decrease of approximately RMB19.6 million as compared to last year, mainly due to the absence of revenue generated from sales of the residential properties. Profit attributable to equity shareholders of the Company was…
Hanoi & Tokyo, Mar 25, 2021 – (ACN Newswire) – Tien Phong Commercial Joint Stock Bank (TPBank) and JCB International Co., Ltd. – the international operations subsidiary of JCB Co., Ltd., announced the launch of TPBank JCB Credit Card today. The new TPBank JCB Credit Card offers one card grade: Gold card. The holders of TPBank JCB Credit Card can access JCB’s global acceptance network with about 35 million merchants in the world. With TPBank JCB Credit Card, customers can enjoy numerous of attractive features and exclusive benefits, such as special discount at more than 100 high-end restaurants, earning reward points for every card…
To increase the value of cities under its “one focus, one core and two wings” strategy Huijing Holdings Company Limited (Stock code: 9968), an integrated residential and commercial property developer in the PRC, with foothold in the Guangdong-Hong Kong-Macau Bay Area (“Greater Bay Area”), has announced its annual results for the year ended December 31, 2020 (“FY2020” or “the Year”), Contracted sales another record high and maintained steady growth in results For the year ended December 31, 2020, the Group was able to realize quality growth in its results amid adversities by capitalizing on its strategic business presence in the…
VCREDIT Holdings Limited (stock code: 2003.HK), a leading independent online consumer financial service provider in China, is pleased to announce its audited consolidated annual results for the 12 months ended 31 December 2020 (the “Year”). During the Year, the Group’s total income was RMB2.573 billion (2019: RMB3.864 billion). Although the business of the Group was adversely affected by the impact of the Covid-19 pandemic, the Group was also able to improve the operational metrics, realising by the end of the Year even lower delinquency ratios than pre-pandemic levels. Apart from the effects of the Covid-19 pandemic, the significant tightening-up of…