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PR Newswire

Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs

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  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

2024 CEO Investor Day
2024 CEO Investor Day

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”

PR Newswire

Unlocking the Latest Trends in Fashion Jewelry: Are You Up to Date?

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YIWU, China, Aug. 25, 2023 /PRNewswire/ — Fashion jewelry, a time-tested Yiwu export, has once again delivered impressive results this summer.

Fashion jewelry
Fashion jewelry

Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. Popular search terms such as “hair clips,” “necklaces,” “earrings,” and “bracelets” have consistently remained within the top 20 rankings for several months, according to Yiwugo’s data. From May 1, 2023 to August 23, 2023, transaction volumes for “bracelets” and “necklaces” have demonstrated remarkable growth compared to the same period in the previous year. The “bracelets” category has experienced an impressive surge of approximately 30.8 times, while “necklaces” have seen a growth of around 23.6 times. Additionally, the “earrings” category has witnessed a substantial increase of approximately 15 folds. Furthermore, orders for “hair clips” have surged by 49.2% in comparison to the same period last year, with the transaction volume nearly quadrupling from the previous year. Through visits to several well-established jewelry merchants boasting over two decades of experience, it becomes apparent that their achievements are a result of the combined efforts of the Yiwugo platform’s promotional strategies and the unwavering dedication of the merchants.

Top Selling for Three Months: Dreamcatcher Ornaments

Yuan Bangyun is no stranger to the phenomenon of soaring orders. With nearly two decades of experience in jewelry design, manufacturing, and sales, Manxiuni Jewelry has positioned itself as a trusted brand. Through the consistent introduction of novel and innovative products on a daily basis, Yuan Bangyun showcases a steadfast dedication to offering customers an ever-evolving array of choices.

During the peak sales season, Yuan Bangyun’s Enterprise store on Yiwugo unveils more than 100 new products every month, accompanied by an even wider selection of items accessible to customers through offline channels.

In May, Manxiuni Jewelry introduced the Dreamcatcher collection of fashion accessories, which garnered favorable feedback from domestic e-commerce customer groups. Notably, a specific pair of earrings has remained consistently in high demand, with daily orders for over 500 sets for the past three months. Yuan Bangyun commented that this is just a taste of a minor hit item.

The quality of exported jewelry hinges on an effective plating process. Yuan Bangyun noted that the current level of plating technology and its associated costs have increased approximately four times compared to previous years. The continuous refinement of craftmanship has fostered high customer loyalty among the company’s overseas clients.

For almost 8 consecutive years, a loyal customer from Russia has been ordering the same classic pair of earrings from Yuan Bangyun. The monthly order value has consistently stayed at around $10,000, with orders coming in regularly and payments being made promptly, even during times of conflict. This enduring partnership can be attributed to the continuous enhancement of the company’s product quality over the years.

Awakening Love for Beauty: Dominance of Dopamine Color Scheme and Barbie Pink

Wan Chengying’s venture, Yangqin Accessory Firm, specializes in hair clips, hairbands, and related products, with nearly 80% of its business concentrated in foreign trade. The company has launched over 300 new products this summer, with themed collections particularly designed for popular trends both in the domestic and international markets. These products have been distributed through innovative fast-moving consumer goods channels, encompassing e-commerce platforms and other emerging distributors. With dopamine-inspired color schemes and Barbie pink as the flagship, it captured and deeply resonated with women’s innate craving for beauty.

In early July this year, the company unveiled a collection of dopamine-colored hair clips, which generated over 200,000 RMB in domestic market orders within a month. Taking inspiration from the success of the movie “Barbie”, Wan Chengying also introduced a line of premium Barbie pink alloy products. The use of premium materials perfectly encapsulates the sophisticated allure of high-saturation pink. Currently, many customers from South Korea, as well as the domestic market, have shown tremendous interest in these products.

To Wan Chengying’s astonishment, this summer has witnessed a notable influx of new buyers who are specifically seeking purchases from Yiwugo. These intermediaries, who now handle daily order placements, have become larger in number. Despite of the buyers’ scales, they are highly active—a trend that was unseen in past years.

Allergy-Free Earrings: A Global Craze

Chen Xiyue, the owner of Jenny Jewelry, has a rather distinct experience. Quite a few overseas customers reached out to her via video calls through Yiwugo to confirm her store details before making online orders. An African customer from Botswana placed an initial order worth several thousand yuan through Yiwugo. This buyer has since placed two more repeat orders, each amounting to tens of thousands of yuan. Currently, they have fostered a strong partnership with a deepened sense of trust.

A diverse array of hypoallergenic earrings, crafted by Jenny Jewelry, caters to a broad age spectrum. Since their debut two years ago, these earrings have achieved impressive success, evolving from online popularity to offline demand. They have garnered significant acclaim and are sought-after by customers from both home and abroad. These earrings have successfully secured shelf space in supermarkets across various countries and regions, including South America and Dubai, where they maintain robust and consistent sales.

PR Newswire

ChipMOS REPORTS JULY 2023 REVENUE

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HSINCHU, Aug. 10, 2023 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today reported its unaudited consolidated revenue for the month of July 2023. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.45 to US$1.00 as of July 31, 2023.

Revenue for the month of July 2023 was NT$1,836.2 million or US$58.4 million, representing an increase of 2.7% from June 2023, and a decrease of 5.7% from July 2022.

The Company noted the sequential growth reflects the continued improvement in loading levels of its DDIC high-end test platform, and initial signs of improvement in its Memory business entering the second half of 2023.

Consolidated Monthly Revenues (Unaudited)

July 2023

June 2023

July 2022

MoM Change

YoY Change

Revenues

   (NT$ million)

1,836.2

1,788.1

1,948.0

2.7 %

-5.7 %

Revenues

   (US$ million)

58.4

56.9

61.9

2.7 %

-5.7 %

About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.

Forward-Looking Statements:
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.

Contacts:

Source: ChipMOS TECHNOLOGIES INC.

PR Newswire

The INX Digital Company Reports Q4 2022 Update and Annual Financial Results

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TORONTO, April 1, 2023 /PRNewswire/ — The INX Digital Company, Inc. (NEO: INXD, OTCQB: INXDF, INXATS: INX) (the “Company” or “INX”), the owner of INX.One, security token and digital asset trading platform, a U.S. broker-dealer and an inter-dealer broker (through its subsidiaries), announced annual financial results as of December 31, 2022.

Investment gains/losses for any particular period are not indicative of quarterly business performance. Earnings of The INX Digital Company, Inc. for the third quarter of 2022 are summarized below.

2022 Annual Financial Highlights:

  • Cash and cash equivalents of $20M plus an additional $9.7M invested in short and mid-term duration U.S. treasury securities and investment-grade corporate bonds.
  • Working capital of $26M.
  • Reserve Fund set aside for the protection of customer funds and maintained in addition to operating funds at $36.0M.
  • 2022 revenue at $4.3M year, primarily from transaction fees, an increase in total revenue of 77 percent compared to 2021.
  • 2022 net loss from operations of $16M.

INX reports an annual net income of $208M ($1.02 EPS), which includes an unrealized gain on the INX Tokens issued of $226M and INX Token warrants of $8.3M. Under relevant accounting standards, INX Token and token warrants issued are recognized as a liability on the company’s balance sheet. The company’s adjusted net loss for 2022, excluding INX Token and token warrant liability, is $26M. The adjusted net loss is a non-IFRS measure.

Noteworthy steps and milestones in 2022 are expected to lead the company forward

During 2022, the company has taken significant actions to put in place innovative technology that allow the pioneering of a new and responsible digital economy. Management focused on forging new and strategic global partnerships and advancing multiple initiatives to expand the company’s services, promote brand recognition and drive future revenues.

The company reached a major milestone when it launched INX.One, the world’s first fully regulated platform integrating cryptocurrency and SEC-registered security token trading, investment opportunities in primary security token offerings, and related capital raise services under a single platform available 24/7 to retail and institutional investors in the U.S. and globally. INX.One is integrated with multiple public blockchains through INX proprietary technology and is intended to be blockchain agnostic.

INX’s main focus remains on creating a go-to holistic solution for founders and corporate partners to raise capital utilizing SEC-regulated security tokens.

Taking advantage of the path created by the issuance of the INX Token, since the third quarter of 2022 and to date, INX has launched its capital raise services and brought four (4) primary offerings to market, which are available for investment exclusively on INX.One.

It includes Trucpal, a digital financial and tax software company for logistics-industry-based in China; Advent Entertainment, an entertainment, gaming, and virtual reality company based in Utah, US; Treasure Experience, a virtual marine exploration and treasure hunting company based in Florida, US; and TurnCoin, digital trading cards in talented individuals trading platform company, based in Gibraltar.  After the completion of the primary raises, security tokens in these entities and projects will be listed on INX.One for trading in the secondary market. 

In addition, during 2022, the Millennium Sapphire (“MSTO”) Token was also added for secondary market trading on INX.One. Token holders are entitled to receive dividends from Millennium’s NFT Studio.

Within the cryptocurrency offering, the company offers select digital assets and stablecoins for trading, investing, and funding of accounts. Moreover, the company continues to expand its money transmitter licenses and registrations, allowing the company to offer cryptocurrencies in 43 U.S. states and territories. INX.One also continues to expand its offering to over 160 countries globally.

The company continues to lead in providing solid, sustainable solutions for the future, a critical, much-required effort in today’s climate.

In December 2022, the company announced a strategic partnership with SICPA, a global leader in authentication, revenue realization, and secure traceability solutions, to help governments develop innovative and sovereign central bank digital currency ecosystems. The joint venture, incorporated in Switzerland, combines both blockchain-based infrastructure and digital cash technologies to address the key requirements for Central Bank Digital Currencies, including privacy, security, financial inclusion, resilience, and more – paving the way for the development and launch of a secure and scalable environment for all central banks to deploy digital currencies.

As INX predicted, security tokens are beginning to transform the ownership and trading of assets. The company is geared to provide a secure alternative in its multiple uses, such as recovery security tokens, digital bonds, and tokenized shares. As the market for security tokens continues to grow and rapidly expand across multiple blockchains, the company put efforts and resources into educating people worldwide to provide the required clarity of the new standard.

To execute the long-term vision, during 2022, the company strengthened its senior global leadership by filling a key role within the company, the Chief Financial Officer, who plays a strategic role in advancing the company’s vision and navigating the current market and regulatory environment. The company also expanded its Board of Directors to include two global financial leaders, who themselves made the transition from the traditional to the digital economy and will therefore guide and assist in promoting INX’s mission.

INX CEO Shy Datika: We invest in a solid and secure democratization of finance.
Five years ago, we chose what we knew was right for our future customers—the path that would keep them safe while providing them with a wealth of opportunities.
We knew it would be a bumpy ride and came prepared to realize our forward-looking vision.
The INX way, yet again, proved to be the right one. As industry giants are challenged by regulators, we have armed ourselves with regulations. As investors become more aware and more concerned with the pitfalls of unregulated trading platforms, we can provide a secure and safe harbor. INX puts customers first! We have a fully audited and segregated cash reserve fund as described in our INX Token F-1 prospectus. We maintain 1:1 balances for customers and do not use customer assets. We do not, in any way, shape, or form, leverage or re-invest customer assets. On our INX Securities ATS, customers get full transparency as they control their assets, their keys, and their wallets. We will continue developing new services and technologies to further expand opportunities while keeping our clients safe.

About INX:

INX provides a regulated trading platform for digital securities and cryptocurrencies.  With the combination of traditional markets expertise and a disruptive fintech approach, INX provides state-of-the-art solutions to modern financial problems. INX is led by an experienced and dedicated team of business, finance, and technology veterans with the shared vision of redefining the world of capital markets via blockchain technology and innovative regulatory approach.

About The INX Digital Company, Inc. INX is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies, combining traditional markets expertise and an innovative fintech approach. The INX Group’s vision is to be the preferred global regulated hub for digital assets on the blockchain. The INX Group’s overall mission is to bring communities together and empower them with financial innovation. Our journey started with our initial public token offering of the INX Token, in which we raised US$84 million.
The INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA.

In addition to operating a regulated trading platform for blockchain assets, INX’s interdealer broker, I.L.S. Brokers, plans to offer non-deliverable cryptocurrency forwards to Tier-1 banks in the future. For more information, please visit the INX Group website here.

Cautionary Note Regarding Forward-Looking Information and Other Disclosures

This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates, and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, INX has made certain assumptions, including with respect to, the continuous development of the INX trading platform, the offering of non-deliverable cryptocurrency forwards, and the development of the digital asset industry. Although INX believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to regulatory developments, the state of the digital securities and cryptocurrencies markets, and general economic conditions. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, INX disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information, or otherwise.

The NEO Exchange is not responsible for the adequacy or accuracy of this press release.‍

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.‍

For further information, contact:
The INX Digital Company, Inc.
Investor Relations
+1 855 657 2314
Email: investorrelations@inx.co

For more information, contact:
Liz Whelan
liz@lwprconsulting.com
(312) 315-0160

Source: The INX Digital Company, Inc.

PR Newswire

TCLE (01070.HK) Sells 16.62 Million Smart Screens Globally in the First Three Quarters of 2022

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With Remarkable Results in the Third Quarter Showing 46.6% YoY Growth in the PRC Market

HONG KONG, Oct. 21, 2022 /PRNewswire/ — TCL Electronics Holdings Limited (“TCL Electronics” or the “Company“, 01070.HK) announced today its global sales volume for the first three quarters of 2022. Global sales volume of TCL smart screens reached 16.62 million sets, of which 6.47 million sets were sold in the third quarter, a significant increase of 11.8% year-on-year. With the “TCL and FFalcon” dual brand strategy carried out, a series of newly launched high-end and large-screen TCL smart screens were popular among consumers. Driven by the optimisation of distribution channel structure and the upgrade of product mix, sales volume in the domestic market increased rapidly. In 2022 Q3, sales volume of TCL smart screens in the PRC market rose by 46.6% year-on-year.

By adhering to the strategy of “Value Led by Brand with Relative Cost Advantage”, TCL Electronics has achieved remarkable results in its product mix upgrades. In the first three quarters of 2022, sales volume of the Company’s large-sized smart screens grew significantly. The sales volume of smart screens of 65 inches and above increased by 63.6% year-on-year, with its proportion of the overall sales volume increasing by 6.9 percentage points year-on-year to 17.1%. The overall average size of TCL smart screens sold in the market increased by 2.6 inches year-on-year to 47.4 inches. TCL Electronics has entered a “Golden Age of Development” for its large-sized smart screens.

At the same time, TCL Electronics took the lead in the field of Mini LED technology. With this first-mover advantage, the Company has built a moat around itself in the TV industry. In the first three quarters of 2022, the sales volume of TCL Mini LED smart screens achieved a growth of 12.4% year-on-year, and significantly up by 20.1% year-on-year in the third quarter. TCL Mini LED smart screens are not only well received by consumers but also widely recognized for its industry leadership by industry associations. In August this year, TCL was awarded by the Expert Imaging and Sound Association (“EISA”) in the “PREMIUM MINI LED TV 2022-2023” category for its high quality Mini LED 4K TV 65C835. TCL Electronics continued to break new ground and successfully launch the 98-inch TCL Q10G Mini LED TV in September with leading backlight, brightness and light control technologies, allowing consumers to have immersive audio and visual experiences.

In the PRC market, TCL smart screens recorded a 15.9% year-on-year increase in sales volume in the first three quarters. Large-sized products have become a firm favorite with customers, and the trend towards larger screens is particularly obvious in the PRC market. In the first three quarters of 2022, the sales volume of TCL 65 inches and above smart screens accounted for 39.3% in the PRC market, up by 14.3 percentage points year-on-year, while the sales volume of TCL 75 inches and above smart screens accounted for 18.1%, up by 11.9 percentage points year-on-year. The average size of TCL smart screens sold in the PRC market increased from 52.0 inches to 55.7 inches, a significant increase of 3.7 inches year-on-year. 

In the international markets, terminal demand of some consumer markets was affected by the factors such as the pandemic, inflation and geopolitical conflicts. In the first three quarters of 2022, the overall sales volume of TCL smart screens in the international markets went down slightly due to the industry-wide impact. However, its sales volume has rebounded in the third quarter, recording a year-over-year increase of 3.4% and a quarter-on-quarter increase of 22.9%. In terms of regional sales performance of TCL smart screens in the first three quarters, emerging markets[1] registered a growth of 14.5% year-on-year, of which sales volume in Australia, the Philippines, Vietnam and Indonesia increased by 29.3%, 48.8%, 60.7% and 71.0%, respectively, and the market share of TCL smart screens continued to rank first in Australia and Pakistan[2]. On the whole, the sales volume of TCL smart screens in the European markets was flat year-on-year, but the momentum remained strong in Poland and in the UK, with a year-on-year growth of 13.9% and 108.4%, respectively. North American markets recorded decline due to the previously excessive demand caused by the pandemic, however, the market share of TCL smart screens by sales volume in the United States remained firmly in its third place[3].

In addition to smart screens, TCL Electronics sold 13.62 million sets in total of small and medium-sized displays in the first three quarters of 2022. The TCL NXTPAPER 10s smart tablet also won the “TABLET INNOVATION 2022-2023” award from EISA. This was also the first time for TCL to received such EISA Award for its tablet innovation.

With continued efforts to leverage its brand influence and channel advantages and to implement its all-category strategy, the distribution sales volume of the Company’s all-category products reached 7.24 million sets in the first three quarters this year, up by 15.8% year-on-year, with the sales volume of air conditioners, refrigerators and washing machines increasing by 17.9%, 14.7% and 10.7% year-on-year, respectively. TCL Electronics has always viewed technology as its driving force for development. TCL Home Appliances and Jiangnan University reached a strategic cooperation in scientific research and jointly built a laboratory in August this year with a focus on innovative technologies for food preservation. By developing magnetic refrigeration technology and establishing a database for experimental results, TCL Electronics aims to use smart preservation technologies to produce world-class refrigerators for customers who crave for a full range of absolutely fresh and nutritious food.

In the future, the Company will continue to forge ahead with the strategy of “Value Led by Brand with Relative Cost Advantage”. It will further pursue globalization and technological transformation in the mid to high-end market, actively explore innovative reforms and vigorously expand its new track of all-category layout of “intelligent IoT ecosystem” to provide global users with all-scenario smart and healthy living services. TCL Electronics is striving to develop itself into a world-leading enterprise of smart devices.

[1] Emerging markets include Asia Pacific, Latin America as well as Central and East Asia.

[2] Data source: GfK. Statistics from January to August 2022.

[3] Data source: NPD. Statistics from January to August 2022.

Sales Data for the First Three Quarters of 2022 (Unaudited)   

Unit：Set 

Sales Volume of Large-Sized Display Products

16,621,362

– Proportion of 65-Inch and above TCL Smart Screens by Sales Volume

17.1 %

– Proportion of 75-Inch and above TCL Smart Screens by Sales Volume

5.6 %

Sales Volume of Small and Medium-Sized Display Products

13,621,827

Distribution Sales Volume of All-Category Marketing

7,242,679

– END –

About TCL Electronics

TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) was listed on the mainboard of the Hong Kong Stock Exchange in November 1999. It is engaged in display business, innovative business and internet business. TCL Electronics actively transforms and innovates under the strategy of “Value Led by Brand with Relative Cost Advantage”. Focusing on the mid-to-high-end markets around the world, the Company strives to consolidate the “intelligent IoT ecosystem” strategy and is committed to providing users with an all-scenario smart and healthy life while developing into a world-leading smart technology company. TCL Electronics is part of the Shenzhen-Hong Kong Stock Connect program and is included in the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite MidCap & SmallCap Index and the Hang Seng Corporate Sustainability Benchmark Index. Besides, it has received Hang Seng Index’s ESG rating of A for four consecutive years since 2018.

For more information, please visit the investor relations web page of TCL Electronics at http://electronics.tcl.com or follow the WeChat Official Page of TCL Electronics investor relations by scanning the QR code below.

PR Newswire

Hesai Becomes the World’s First Automotive Lidar Company To Reach 10,000 Units Monthly Delivery

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SHANGHAI, Oct. 7, 2022 /PRNewswire/ — Hesai has officially announced its monthly delivery of the AT128 lidar exceeded 10,000 units, making Hesai the world’s first automotive lidar company to reach this milestone. 

“10,000” is an important milestone for both Hesai and the industry, marking the beginning of automotive lidar’s mass production and delivery in the global market. Hesai also maintains the highest market share in the global L4 autonomous driving market.

Hesai Delivers Over 10,000 AT128 Lidar Units in September 2022
Hesai Delivers Over 10,000 AT128 Lidar Units in September 2022

According to the “Lidar for Automotive and Industrial Applications 2022 Market and Technology Report ” released by Yole Intelligence in August, with the strong emergence of China’s intelligent driving industry, Chinese manufacturers such as Hesai have become important players in the global lidar market. Among the lidar manufacturers, Hesai ranks first in ADAS design wins, L4 autonomous driving lidar market share, and total revenue for automotive lidar.

Hesai's Total Revenue Ranks 1st for Automotive Lidar Globally
Hesai’s Total Revenue Ranks 1st for Automotive Lidar Globally

Hesai Ranks 1st in L4 Autonomous Driving Lidar Market Share
Hesai Ranks 1st in L4 Autonomous Driving Lidar Market Share

Hesai Ranks 1st on ADAS Design Wins Globally
Hesai Ranks 1st on ADAS Design Wins Globally

Proprietary technology behind high-demand lidar

Hesai’s first mass-produced ADAS long-range main lidar, AT128 is not the first hybrid solid-state lidar to enter the market. However, it immediately won multiple contracts from leading automakers after its release, including Li Auto, JiDU, HiPhi, and Lotus. “AT128 has excellent comprehensive performance among currently mass-produced, automotive-grade lidars,” said Li Xiang, CEO of Li Auto.

Hesai’s exceptional R&D capability played a key role in achieving such high lidar performance. Unlike other manufacturers who try to reduce costs by cutting the number of lasers and complicating the scanning module, Hesai took a unique but harder path: keeping the 128 channels, and integrating hundreds of components to form optimized lidar architecture through proprietary technology.

Hesai’s proprietary technology has three significant technical advantages:

The first is higher performance. A “genuine 128-channel” lidar can conduct ultra-high precision scanning of the environment, forming uniform and unstitched point cloud that help vehicles “see” the 3D world clearly in real-time.

The second is higher reliability. Reducing the number of individual components in a lidar improves mass production reliability. 128 laser channels also provide higher safety redundancy. Even if one laser channel fails, the rest will continue to operate to ensure normal function of the lidar.

The third is higher production consistency. By enhancing components integration, it minimizes manual assembly to avoid human errors, which significantly increases production efficiency and consistency.

Highly automated production line with 60-second cycle time

In addition to the proprietary technology, another strategic adavantage for Hesai is its in-house manufacturing. Hesai believes that rapid iteration and quality control are crucial for automotive lidar. Self-built factory enables a higher degree of control during each manufacturing step, allowing timely optimizations to ensure large-scale, high-quality mass production and delivery.

Hesai’s factory adopts the most advanced manufacturing technology and intelligent cloud service. It deploys a large number of intelligent industrial robots to automate over 100 production processes, achieving a 90% automation rate of the entire production line. It also has a 60-second cycle time, which means that on average, a qualified lidar unit rolls off the production line every 60 seconds.

To achieve strong mass-production and delivery capability that satisfies global OEMs’ requirements, Hesai also invested nearly 200 million US dollars in its “Maxwell” intelligent factory. It has a planned annual production capacity of over one million units. The factory is expected to enter operation by 2023.

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PR Newswire

ChipMOS REPORTS AUGUST 2022 REVENUE

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HSINCHU, Sept. 8, 2022  /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today reported its unaudited consolidated revenue for the month of August 2022.  All U.S. dollar figures cited in this press release are based on the exchange rate of NT$30.38 to US$1.00 as of August 31, 2022.

Revenue for the month of August 2022 was NT$1,715.1 million or US$56.5 million, a decrease of 12.0% compared to July 2022 and a decrease of 28.5% compared to August 2021. The Company noted that the sequential and year over year declines in its August revenue are consistent with the near-term demand and inventory adjustments impacting the broader semiconductor industry.

Consolidated Monthly Revenues (Unaudited)

August 2022

July 2022

August 2021

MoM Change

YoY Change

Revenues

(NT$ million)

1,715.1

1,948.0

2,399.3

-12.0 %

-28.5 %

Revenues

(US$ million)

56.5

64.1

79.0

-12.0 %

-28.5 %

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.

Forward-Looking Statements

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com

Cision View original content:https://www.prnewswire.com/news-releases/chipmos-reports-august-2022-revenue-301619998.html

Source: ChipMOS TECHNOLOGIES INC.

PR Newswire

EcoFlow Triples Sales for the 2nd Consecutive Year in 2021

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The company reaches $200 million in annual revenue and reinforces its market shares

LOS ANGELES, Jan. 1, 2022 — EcoFlow, a portable power and renewable energy solutions company, today revealed that its annual revenue reached $200 million in 2021, increasing by 275% compared to the year before. EcoFlow has more than tripled its sales for the second consecutive year, outrunning the global portable power station market’s CAGR of 42%.


"The impressive sales growth can be attributed to a few things," said Allen Zheng, Sales Director at EcoFlow. "Our expansion to over 100 markets and the complete rollout of the RIVER and DELTA product lines are the main reasons. Rising power demand caused by increasing cases of extreme weather-related power outages also played a part."

In addition to the rapid sales growth, 2021 has been a milestone year for EcoFlow. In June, the company received a Series B investment of over $100 million from Sequoia’s China fund, Hillhouse, and CICC. The funding round catapulted the company to one of the top industry leaders and saw the company valued at over $1 billion. One month later, EcoFlow launched the DELTA Pro, the industry’s first portable home battery, on Kickstarter. The EcoFlow DELTA Pro went on to break Kickstarter’s record for the most-funded tech project by raising over $12 million and was named one of TIME’s 100 Best Inventions in 2021.

EcoFlow also took a more active role in environmental issues and emergency preparedness in 2021. In March, EcoFlow initiated a long-term reforestation fundraising campaign for the Million Forest Plan, an ecological project jointly initiated by the United Nations Environment Program, the Climate Organization, and the China Green Foundation. In September, EcoFlow launched an educational campaign — ‘Peace of Mind’, which aimed to inform individuals about the importance of natural disaster preparedness through influencers and subject matter experts.

"We have great confidence in 2022 as what we’ve accomplished in the past year is a good indicator. EcoFlow will continue to expand in a socially responsible way while powering a new world," Zheng said.

About EcoFlow

EcoFlow is a portable power and renewable energy solutions company. Since its founding in 2017, EcoFlow has provided peace-of-mind power to customers in over 85 markets through its DELTA and RIVER product lines of portable power stations and eco-friendly accessories. EcoFlow’s mission is to reinvent the way the world accesses energy by innovating lighter-weight and longer-lasting clean, quiet and renewable power storage solutions.

SOURCE: EcoFlow Inc.

PR Newswire

RosterLab Raises $500K Pre-Seed from Quidnet Ventures, Matū Fund and the University of Auckland Investors’ Fund to Enter the New Zealand Market

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SAN FRANCISCO, Dec. 18, 2021 — RosterLab, a newly-formed rostering software company, has closed NZ $150,000 in Pre-Seed funding from Quidnet Ventures, an early-stage venture capital fund based in New Zealand. The NZ $500,000 total round was led by Matū Fund, with participation from Quidnet Ventures and the University of Auckland Investors’ Fund. This funding will support the company’s software application development and initial product launch targeting New Zealand’s healthcare market.

"We are tremendously excited to work with Quidnet Ventures to bring our revolutionary rostering A.I. to New Zealand and then the world. Our aim is to create effective rosters that will improve the lives of rostered people around the world," states Isaac Cleland, the co-founder of Roster Lab.

RosterLab offers an automated rostering platform, based on advanced techniques developed at the University of Auckland, to a variety of high-intensity sectors, including healthcare providers. RosterLab’s core technology seeks to address weaknesses in existing rostering solutions, including the inability to account for staffing complexity. RosterLab enables rapid generation of optimised rosters that comply with challenging, industry-specific requirements at scale. RosterLab is initially targeting healthcare clients such as hospitals and aged care facilities, where poor staffing compliance as well as time/labour inefficiencies incurs direct costs.

"Early in my career at IBM I was involved in the early stages of this sort of complex scheduling solution so I am particularly excited to see the advances in optimization that have been pioneered at University of Auckland being applied to a real world problem by Isaac and his team at RosterLab," states Mark Bregman, the General Partner of Quidnet Ventures.

RosterLab’s underlying IP was borne out of co-founder Isaac Cleland’s PhD thesis in Engineering Science, and was recognised for its success in the International Nurse Rostering Competition. Along with co-founders Daniel Ge and Sunny Feng, the team won the Velocity $100K Challenge in 2020, and has since completed the VentureLab programme at the University of Auckland’s Centre for Innovation and Entrepreneurship.

Quidnet Ventures, Matū Fund and the University of Auckland Investors’ Fund are all looking forward to working closely with the team as they look to launch their first product in New Zealand, and develop plans for expansion into overseas markets.

"Matū is really excited to lead this round because we believe that better rostering will lead to improved outcomes for both patients and staff. We’ve seen through the COVID-19 pandemic just how important our healthcare workers are, and it would be great to help them achieve better balance and to improve staff morale," states Andrew Chen, a partner at Matū Fund. "It’s been great to co-invest again with Quidnet Ventures, who are committing strongly to supporting great Kiwi start-ups – it’s always helpful to have reliable partners."

About Quidnet Ventures – Quidnet Ventures is a seed and series-A fund investing in New Zealand-based founders building impactful companies.  The fund focuses on companies that have global ambition and leverages the general partner’s 30 years of experience in the global tech industry and 20 years of experience with the New Zealand startup ecosystem, as well as an extensive network of advisors, to help these companies get established and grow in the U.S. Market.

About Matū Fund – Matū is a venture capital fund investing in early-stage science and technology commercialisation from education and research institutions and the private sector. As an open and evergreen fund, Matū takes a long-term investment view and is aimed at turning ground-breaking ideas into globally focused, IP-rich companies. Matū provides intelligent capital with active governance, executive management, operational support, and mentorship for founding and executive teams: www.matu.co.nz

About University of Auckland Inventors’ Fund – The University of Auckland Inventors’ Fund is an evergreen, open-ended $20 million investment fund owned and managed by UniServices, the commercialisation and research impact company wholly owned by the University of Auckland. The fund provides pre-seed and seed capital for University of Auckland spin-outs: www.uniservices.co.nz

Contact:
Skye Grayson
skye@quidnetventures.com

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PR Newswire

Yinchuan, the Provicial Captial in the Hinterland of China, Gaining New Achievements in Regional Economic Development

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YINCHUAN, China, Nov. 8, 2021 — According to the official statistics released by Yinchuan Municipal Bureau of Commerce in October, 2021, the total retail sales of consumption goods in Yinchuan reached 58.652 billion yuan (9.08 billion USD) during the first three quarters of 2021, accounting for nearly 58% of the total amount of the whole region.

The total volume of import and export reached 6.704 billion yuan ($1.35647 billion), accounting for 55.94% of the total volume of the whole region. 16 foreign-invested enterprises were newly established, and the foreign capital which are fully utilized reached 112.93 million US dollars. The FDI was 8.63 million US dollars and the cross-border e-commerce realized a transaction volume worth of 647 million yuan ($100.16 million ).

The total amount of logistics reached 320 billion yuan ($49.728 billion) and the added value of logistics-related industries reached 14.4 billion yuan ($2.229 billion).

In 2020, an unexpected epidemic disrupted the rhythm of cities in China. A series of commercial sectors such as catering industry, entertainment industry and trade sector were hit hardly by the unprecedented losses and then the stagnation of commercial activities which lasted for months emerged.

"The mature and efficient governance are characterized by those government officials who are good at exploring opportunities even faced with crisis." The commercial enterprises and people in Yinchuan involved in this crisis overcame hardships and survived from the global pandemic. The business activities in Yinchuan restart to thrive with the bustling and hustling streets being crowded with people again. This quotation mentioned above is an epitome of the fruitful results and experiences the city of Yinchuan had gained during the past year.

With the backdrop of COVID-19 global epidemic and the robust recovery of Yinchuan’s economy, how did Yinchuan Municipal Bureau of Commerce which is responsible for the city’s commercial development stimulate the economic growth of Ningxia?

An government official from Yinchuan Municipal Bureau of Commerce who is responsible for retailing business is quoted as saying, "During the epidemic period, we coordinated and realized the normal operation of 3 large wholesale markets related to agricultural products, 218 major chain supermarkets and vegetable direct-sale stores in community. Furthermore, we set a ‘green passage’ for transportation vehicles, and effectively ensured the transportation and distribution of epidemic protection materials, daily necessities and other materials."

At the same time, the city of Yinchuan focused on building the demonstration areas of night economy and attached great importance to cultivating commercial blocks with local characteristics. Yinchuan pushed forward the upgrade and renovation of traditional business circle and speeded up the development of first store economy, such as Yinchuan Metropolis Plaza, Huaiyuan night market and Fenglinwan Town.

Forty well-known enterprises participated in more than 10 exhibitions and conferences, inculding the 2020 Ningxia Brand Festival and the 28th Guangzhou Expo. The local government assisted the 10 enterprises headquatered in Yinchuan in the field of wine production, fruit and vegetable production to set up export booth and channels in more than 20 cities including Beijing.

According to the information released on the official website of Yinchuan Municipal Bureau of Commerce, five major functional zones have already been built in Yinchuan Free Trade Zone. A cross-border e-commerce public supervision center has been established in Yinchuan Highway and Railway Logistics Park. The Cross-Border E-Commerce Industrial Park covering an area of 32,000 square meters has been set, with 169 cross-border e-commerce enterprises signing up to set their branches in this park. In Yuehai Bay Central Business District (The CBD of Yinchuan), with 22 enterprises set their branches there. Zhongguancun Innovation and Entrepreneurship Center has set up cross-border e-commerce business in the United States, Europe, Japan and other developed regions with the help of its own brand matrix of e-commerce and intelligence big data engine. The Cross-Border E-Commerce Research Institute and Yinchuan FTZ E-Commerce College has been established in Yinchuan as training base to inject new impetus to the economic development of Yinchuan.

These measures and policies adopted by the local government not only revitalize the city of Yinchuan, but also facilitate the economic recovery.

The directer of Yinchuan Municipal Bureau of Commerce, Mr. Liu is quoted as saying, "The year of 2021 is the first year of the 14th five-year-plan, the 100th anniversary of the founding of the Communist Party of China and the first year of the new journey of building a modern socialist country in an all-round way. Yinchuan Municipal Bureau of Commerce will unswervingly uphold the development philosophy of making Yinchuan the center city for consumption in this region. It will implement the national policy of "internal and external double-circulation", further tapping the potential of economic growth. It will smooth the internal circulation of economic growth through promoting consumption and inject impetus to external circulation by further opening up."

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   Caption: Yinchuan Free Trade Zone