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PR Newswire

Cogobuy Announces 2021 Interim Results

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Net Profit Increased Significantly by 45.4% to RMB172.4 Million

Highlights of the Interim Results for the Six Months Ended June 30, 2021:

  • The continuous developments of innovative technologies and applications during 5G era have further intensified the demand for semiconductor chips, and the Group’s chip business has grown substantially during the period, with a significant increase of 45.4% in net profit to approximately RMB172.4 million. The Group’s profit attributable to equity shareholders of the Company was approximately RMB110.5 million.
  • The revenue was approximately RMB3,927.3 million in the first half of 2021, a YoY increase of 19.7%; gross profit was approximately RMB344.6 million, a YoY increase of 35.3%.
  • The Group’s chip business, "Comtech" continued to grow, with a significant increase of 67.6% YoY in revenue. "Comtech" gained strong interest among institutional investors, Guangdong Industrial Development Fund made another investment of approximately RMB150 million during the Period to support our business for high growth returns.
  • With the strong support from Shenzhen government, "IngDan Academy" was officially launched to train chip application technology talents for the trillion-RMB domestic chip market.

HONG KONG, Sep. 1, 2021 — Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ”Group”)), a technology service company focusing on serving global chip industry and artificial intelligence ("AI") and internet of things ("IoT", together "AIoT") ecosystem, is pleased to announce its unaudited interim results for the six months ended June 30, 2021 ("the first half of 2021" or the "Period").

Financial Highlights of the First Half of 2021

With the rapid development of the global 5G construction, the demand and development of electric vehicles (EV) and smart medical industries, Cogobuy’s business has been directly benefited from a strong demand in semiconductor chips with a continuous acceleration of performance during the Period. The Company’s net profit and revenue both recorded significant increases, especially the growth rate of net profit was faster than revenue.

For the six months ended 30 June 2021, the Group’s net profit was approximately RMB172.4 million, a YoY increase of 45.4%; revenue was approximately RMB3927.3 million, a YoY increase of 19.7%; gross profit was approximately RMB344.6 million, representing a YoY increase of 35.3%. The increase in gross profit margin was contributed by change in sales mix which sales in new markets such as, V2X, smart homes, AI surveillance, etc. had a relatively higher gross margin than those of the traditional IC components. During the period, the Group’s profit attributable to equity shareholders of the Company amounted to approximately RMB110.5 million. For the six months ended 30 June 2021, the Company’s cash and bank balances including short-term bank deposits and pledged deposits was RMB659.5 million. The Group’s bank loans were RMB187.5 million. Basic common shares outstanding were 1,416,184,732; weighted average number of ordinary shares for the purpose of diluted earnings per share were 1,401,384,000. 

In order to provide a full spectrum of services for the 5G industry chain, Cogobuy Group has formed a development model of "Comtech and IngDan" to create a closed loop of "Chips-Devices-Cloud" ecosystem along the AIoT value chain, and to bring sustainable income for the Group. "Comtech" is a technology services platform for the chip industry, which focuses on the application design and marketing services of IC chips to AIoT manufacturers in China. Meanwhile, "IngDan" provides a platform for AIoT technology and services that focus on the research and development and sales of proprietary products, as well as developing customized technical solutions, which include bundles of software, hardware, and core components. Targeting V2X and 5G applications will bring more new impetus to the Group’s development.

Chip Business Continued to Grow with 5G Development

Large and continuously expanding chip market benefits from the accelerated expansion of 5G technology applications. IC Insights, Inc. expected that the sales of the global chip market will increase significantly by 24% YoY in 2021[1], resulting in the continuous growth of Comtech’s chip business with a significant increase of 67.6% YoY in revenue. The Group has long recognized the huge potential of the chip market. "Comtech" maintains distribution or cooperation agreements with over 50% of global high-end chip suppliers and many leading domestic chip companies, allowing it to serve over a hundred global high-end chip suppliers upstream, and thousands of AIoT hardware companies downstream, while providing them with chips application development solutions and sales services. The popularization and application of 5G to various industries for intelligent upgrade has intensified the demand for chips and the support of technology application, providing a sustainable business growth momentum for the Group in the future.

Received Additional Capital Injection from Investors

Following the successful capital injection by 19 institutional investors to "Comtech" in 2020, Guangdong Industrial Development Fund under Guangdong Utrust Fund Management, which belongs to Guangdong’s largest provincial integrated financing platform, further invested approximately RMB150 million for an equity interest of 4.92% of "Comtech" during the Period. The investment from the investors will aid Comtech’s continued growth in the rapidly growing 5G market and the trillion-RMB domestic chip market. Upon completion of the transaction, the Group’s ownership of "Comtech" is approximately 62.42%.

iPaaS Services

With the acceleration of the popularization of AI and 5G technologies, the application of AIoT is promoted and has led to the digital transformation of various industries. This ultimately brings more business opportunities to Cogobuy. According to the "Global Smart Commerce", the global AIoT market is expected to reach US$482 billion in 2022, representing a CAGR of 28.6%. [2]

The Group continues to be optimistic about the huge demand in AIoT market and the derived demand for technology integration iPaaS (Integration Platform as a Service) services will surge continuously. The iPaaS platform service is to automate business processes and make it easier to share data cross applications. Through the combination of "Comtech" and "IngDan", the Group has integrated upstream and downstream industrial supply chain resources, to provide the "Chips-Devices-Cloud" ecosystem along AIoT value chain with iPaaS services, which included technology integration solutions, marketing solutions and distribution services for the 5 main AIoT verticals including V2X, Smart Home, Robotics, Smart Manufacturing and Smart Medical. As the Group has actively established its presence in the AIoT, it has accumulated a large number of "ecological customers". In order to fully expand the domestic iPaaS service market, the Group leveraged its big data analytics and integration solutions to provide iPaaS services to its customers.

  • The Group has been actively building the EV and V2X business and engaged in in-depth cooperation with different modules and smart terminal suppliers. With the expansion of the smart transportation market, the demand for FPGA chips from the V2X has surged, and the global market size of FPGA is expected to reach US$12.5 billion in 2025[3]. During the Period, the Group, together with the world’s leading FPGA supplier and technology enterprises, jointly created the hardware acceleration engine to meet the demand for road situation detection and real-time processing under different scenarios. The smart transportation market is growing and the Group’s business in the field of V2X is expanding;
  • The application of chips in intelligent security system has become the key to smart city construction in the future. Therefore, the Group leverages its own industrial and technological advantages to provide chip application related to security solution for smart security enterprises in collaboration with a world-renown chip supplier. The fourth generation of large-scale prototype verification system with the largest capacity of FPGA chips was successfully co-launched by the Group and the domestic leading provider. This system provides the highest logic density for chips and hence strengthens the security of intelligent security system. Through the joint efforts of various parties, the Group will be able to implement more iPaaS projects and promote the business development of the Group;
  • With the rapid development of OTT large-screen Internet, IngDan and technology companies jointly created WIFI-BT wireless solution with stable signal and high throughput, and achieved the maximization of chip performance and the optimization of terminal demand on the basis of application. The performance demand for wireless communication from OTT industry equipment will be satisfied effectively and the traditional TV will be empowered with intelligent transformation as a part of the development trend of smart home.

Acquisition of EZ Robot to Create a Comprehensive AIoT Service Platform

With the rapid development of the popularization and application of 5G, the market demand for AI continues to increase. In order to further expand the Group’s business development in AI and robotics, the Group acquired EZ Robot Group at a consideration of HK$180 million. Taking AI modules with independent intellectual property rights as the core, EZ Robot is engaged in AI technology research, building an AI hardware product and robot application platform, providing robots related products companies with overall solutions and supply chain services. The Group believes that the combination of EZ Robot and AI technology will enhance the performance and market competitiveness of the Company.

IngDan Academy Trained IC Application Technology Talents

The global supply of chips is in a shortage and the professionals in chips are also in short supply. As a leading enterprise in the domestic chip industry, the Group has been committed to cultivating talents in chip application technology. "IngDan Academy", a subsidiary of Shenzhen Ingdan Institute of Microelectronics, and Shenzhen Public Training and Management Service Center for Skilled Talent jointly held public vocational skills program during the period. Through the Group’s resource advantages in the chip industry, it introduces world-leading technologies to provide comprehensive chip technical training program for students. The Group will continue to promote the training of professionals in chips to facilitate the development of the chip application industry.

Outlook

Mr. Jeffrey Kang, CEO of Cogobuy Group, said, "The continuous developments of innovative technologies and applications in the 5G era have led to an increase of market demand for chips and AIoT services. The Group has always seized important market opportunities and continued to maintain the growth momentum of business during the period.

In addition to actively planning for the chip industry market, the Group also provides iPaaS technology integration services for the AloT industrial chain, so as to create a closed loop of "Chips-Devices-Cloud" ecosystem along the AIoT value chain, and provide a full spectrum of services for the 5G industry chain. In line with the national policy of chip technology breakthrough and application, the Group actively promoted the development of the industry through training talents in chip technology, and strengthened the supply of chip applications in different fields driven by 5G. The Company will achieve higher returns from the comprehensive development of the chip business.

Looking ahead, the combination of 5G and AI will open up an era of intelligence. The technological applications of AloT "Chips-Devices-Cloud" will be continuously innovated and developed, which will further increase the demand for chips. The Group will continue to seize the potential market growth brought by 5G technology, and keep abreast of the development of the industry. The Group’s business and services are continuously optimized to cover the entire 5G beneficiary  industries which include the V2X, smart manufacturing and big data, etc. The Group is committed to becoming the world’s leading technology integration service enterprise in the AIoT industry, as well as creating greater returns for the Group and its shareholders."

Caution Statement

The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied, is made by the Company or any of its affiliates, advisers or representatives as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions presented or contained herein. The information contained in this document should be considered in the context of the circumstances prevailing at the time, is subject to change without notice and the Company makes no undertaking to update the information in this document to reflect any developments that occur after the date of the presentation. It is not the Company’s intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company, or its financial or trading position or prospects. Neither of the Company nor any of its affiliates, advisers or representatives accept any responsibility or have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.

This document may contain statements that reflect the Company’s current intent, beliefs and expectations about the future as of the respective dates indicated herein. These forward-looking statements not guarantees of future performance and are based on a number of assumptions about the Company’s operations and factors beyond the Company’s control and are subject to significant risks and uncertainties, and accordingly, actual results may differ materially from those described in these forward-looking statements. Neither the Company nor any of its affiliates, advisers or representatives has any obligation, nor do they undertake, to update these forward-looking statements for any events or developments including the occurrence of unanticipated events that occur subsequent to such dates.

About Cogobuy Group

Cogobuy Group (stock code: 400.HK), a technology services company serving the global chip industry and artificial intelligence and Internet of Things ("AIoT") ecosystem, is headquartered in Shenzhen, with offices and branches across major cities in China, including Hong Kong, Shanghai, Beijing, Wuhan, Chengdu, Nanjing, Hangzhou, and Xi’an, as well as overseas branches in Singapore, Israel, and Japan. The Group is comprised of two companies operating a dual-platform model: Comtech, a technology services platform for the chip industry, and IngDan, a platform providing AIoT technology and services. Together, the two platforms form a closed loop of "Chips-Devices-Cloud" ecosystem along the AIoT value chain. For further information, please refer to the Company’s website at http://www.cogobuygroup.com/

For investor and media enquiries

Please contact Ms. Novam Ng at ir@cogobuy.com.

 

[1] IC Insights：https://www.eet-china.com/news/202107020447.html

[2] Sohu.net: https://www.sohu.com/a/477637939_104421

[3] Weixin: https://mp.weixin.qq.com/s/GR00FW6GGhtzD1XeJLLr4Q

 

PR Newswire

INFiLED Launches Cutting Edge Outdoor LED Rental Solution TITAN-X

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SHENZHEN, China, Aug. 31, 2021 — INFiLED, leading global manufacturer of LED displays, is delighted to officially announce the launch of its new cutting-edge outdoor rental solution, TITAN-X, after several months of hard work and dedication. As part of the INFiLED DNA, the idea behind the TITAN-X innovation is to create a long-lasting outdoor LED rental screen with excellent transparency yet remains strong.


 


Michael Hao, CEO of INFiLED, commented, "To accomplish this challenging task, we built an international R&D team of 15 engineers from both Europe and China, who after seven months of dedication to this project, finally completed TITAN-X. The beauty of TITAN-X lies in how our team combined high transparency with a super load capacity into one. The average outdoor stage screen construction needs a stage truss for every 2 meters of screen to protect against wind over 20m/s for two-tiers. However, TITAN-X needs a stage truss for every 9.6 meters of eight tiers, thanks to an elaborate built-in foldable subframe inside the TITAN frame. Moreover, the overall system remains around 30kg/m2 making it lightweight and strong which is absolutely mind-blowing."

TITAN-X high-transparency large-format outdoor touring LED solution features a pixel pith of 8.3mm and high transparency rate of 70% offering outstanding display performance for state-of-the-art stage visual effects. Each cabinet offers extensive load capacity and advanced overall stability due to its unique rear triangular foldable wind bracing system which can resist wind speeds of 20m/sec for outdoor events, while the screen can reach heights of up to 24 meters. The extra-large 1200x1200mm cabinets feature a unique design with an innovative lifting operation from the dolly that quickens installation time to a new level.

Its dedicated dolly system allows for easy transportation and makes installation more efficient. The foldable bracing design of each cabinet saves on storage space and even with extra accessories, the cabinets can still be transported in their dollies. Featuring a high brightness of 5000nits and IP65 protection, it´s a reliable and robust choice under any light and weather conditions. The TITAN-X can be customized and assembled at angles of ±15 giving it the ability to adapt to unlimited stage and creative design requirements such as a curve effect. 

The INFiLED TITAN-X is expected to be available from August 2021.

About INFiLED

INFiLED is a leading high-tech enterprise specialized in developing and manufacturing large format LED display solutions. INFiLED’s product application range covers digital signage, transportation, sports, events, command & control, corporate branding and meetings, creative applications and many more. With installations in over 85 countries and over 178 patents, one of the highest numbers in the industry, INFiLED is striving to be a top brand of LED screen manufacturers to enlighten the world with a visual feast.

Media contact: pr@infiled.com 
Web: www.infiled.com  

PR Newswire

Stibo Systems receives SOC 2 Type I report

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SYDNEY, Aug. 30, 2021 — Stibo Systems, a global leader in multidomain Master Data Management (MDM) solutions, has received the SOC 2 Type I report from external auditors. The report is issued by the American Institute of Certified Public Accountants (AICPA) and serves as a third-party testament to the design and quality of the procedures and controls implemented for the company’s Software-as-a-Service (SaaS) offering. "We have proven that we have documented procedures and controls in place. And we have provided evidence that they are used in the best interest of our customers," says Martin Samuel Nielsen, Chief Information Security Officer of Stibo Systems. "As a Master Data Management SaaS provider, we securely manage our customers’ data to protect their organizations and the privacy of their clients." Stibo Systems’ customers are primarily asking for cloud solutions. More than 80 percent of the company’s new customers are choosing a Software-as-a-Service master data management solution.

About Stibo Systems

Stibo Systems, the master data management company, is the trusted enabler of data transparency. Our solutions are the driving force behind forward-thinking companies around the world that have unlocked the strategic value of their master data. We empower them to improve the customer experience, drive innovation and growth and create an essential foundation for digital transformation. This gives them the transparency they require and desire – a single, accurate view of their master data – so they can make informed decisions and achieve goals of scale, scope and ambition. Stibo Systems is a privately held subsidiary of the Stibo A/S group, founded in 1794, and is headquartered in Aarhus, Denmark. More at stibosystems.com.

PR Newswire

China.org.cn: China’s space station: Warm, open new home in outer space

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BEIJING, Aug. 27, 2021 — A news report by China.org.cn on China’s space station and astronauts in space:

 

Chinese astronauts Nie Haisheng, Liu Boming and Tang Hongbo, dubbed the "trio who traveled to space on business," have been living and working on China’s space station core module Tianhe for more than two months. Recently, they carried out extravehicular activities for a second time. Look at Nie standing on the robotic arm against the backdrop of the earth. What a breathtaking scene.

During their time in space, the crew have experienced many other unforgettable moments.

The first thing the three astronauts did after arriving at Tianhe on June 17 was to start opening packages. Back in May, the cargo spacecraft Tianzhou-2 was launched ahead of the crewed mission, delivering more than six tons of goods and materials to the space station. The more than 160 packages contained not only various parts and equipment to be installed and tested, but also the basic supplies for the astronauts.

These included more than 120 kinds of space food carefully prepared by nutritionists. In the module, the astronauts enjoyed various dishes, teas, juices and more, adding to the joy of "earth-dwellers" below. In addition, the crew work as each other’s health care assistants, regularly taking blood samples and conducting tests as well as routine ultrasounds. They exercise on the space station’s specially designed treadmill and exercise bike to keep fit in a microgravity environment. The friendly astronauts also interact with netizens on earth from time to time: Posting a video after watching the Tokyo Olympic Games, or sending wishes on "Chinese Valentine’s Day," — really made known their presence in space.

These seemingly trivial things and relaxing scenes are actually very meaningful and important. According to its plan, China will finish building the space station in 2022. This manned mission aims to test key technologies in the construction and operation of the station in orbit, including bioregenerative life support systems, and technologies for supporting astronauts’ long-term stay and conducting extravehicular activities.

Moreover, since the International Space Station, which has been in orbit for decades, could be retired as early as 2024 or possibly in 2028, construction of China’s station becomes even more significant.

Sometimes people hear arguments that treat space exploration as a "competition of interests" or "more political than scientific." However, astronauts from different countries live and work in space, showing their appreciation and empathy for each other, such scenes are touching — humans are born with curiosity and a thirst for knowledge, and the vast universe carries the hopes and dreams of all mankind. After all, space is open to all. Space exploration should not and cannot exclude anyone.

Previously, to board the Chinese space station, astronauts from Germany, France, Italy and other countries worked hard learning Chinese and came to China for training, eating and living with Chinese astronauts like family. Nine projects from 17 countries, including Switzerland, Poland, Kenya and Japan, have also been approved to conduct experiments on the Chinese space station. More people could be expected to visit the new China-made home in outer space, where they can work together to seek a better future.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm
China’s space station: Warm, open new home in outer space
http://www.china.org.cn/video/2021-08/27/content_77718318.htm

PR Newswire

CLPS Incorporation Announces Signing of Framework Agreement with A China A-Share Company to Develop Financial IT Services in Domestic Market

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HONG KONG, Aug. 27, 2021 — CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), today announced that, through its majority-owned subsidiary, JAJI (Shanghai) Co., Ltd. ("JAJI"), it has entered into a framework agreement (the "Agreement") with an A-share listed company ("the Client"), which provides financial information software products and integrated services. Pursuant to the Agreement, CLPS and the Client will leverage their respective industry expertise in financial IT services to expand client base and establish a common ground in identifying the demand for IT talent and technology requirement from the financial institutions.

Fintech industry is one of the key drivers in China’s economic growth. Despite the impact of COVID-19, the demand for IT services in the fintech industry remains robust, and it is forecasted that this trend will continue going forward. The cooperation with the Client aims to further streamline CLPS’s key business, the IT consulting services, with focus in the banking sector. CLPS and the Client will join forces to strengthen research and development capability and improve the competitiveness of IT service deliverables.

Mr. Oscar Yuan, General Manager of JAJI, said, "Our cooperation with the Client signifies the recognition of our competitive advantages in the financial IT services. We hope that this initial step will translate into more cooperation in the future, with the purpose of providing broader brand exposure and developing an industry-recognized financial IT services."

Mr. Henry Li, Chief Operating Officer of CLPS, said, "We are very pleased to start a new chapter of cooperation with the Client. While we actively implement our global expansion strategy, we also focus on strengthening our core competencies, further improving the margin of our IT consulting services revenue, and creating more business opportunities that will serve as engines for the Company’s growth."

About CLPS Incorporation

Headquartered in Hong Kong, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology ("IT") consulting and solutions service provider focusing on the banking, insurance, and financial service sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial service industry, including large financial institutions in the US, Europe, Australia, Southeast Asia and Hong Kong SAR, and their PRC-based IT centers. The Company maintains 18 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Baoding, Xi’an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining seven global centers are located in Hong Kong SAR, USA, Japan, Singapore, Malaysia, Australia, and India. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, LinkedIn, and Twitter.

Forward-Looking Statements

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company’s control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company’s expectations of the Company’s future growth, performance and results of operations, the Company’s ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company’s most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contact:

CLPS Incorporation
Rhon Galicha
Investor Relations Office 
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com

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PR Newswire

Moving Towards a Sustainable and Innovative Future at the Huawei Digital Power Summit 2021 Singapore

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With carbon neutrality at the core of sustainability efforts, Huawei takes the lead by bringing together top experts in the industry in anticipation of the future.

SINGAPORE, Aug. 27, 2021 — Aiming to secure the future of innovation and sustainability, Huawei International continues to cement its position as a leader in building a greener, better, and smarter world.

On 27 August, the company gathered the sharpest minds and impactful voices at Huawei Digital Power Summit 2021 Singapore to engage in conversations on creating a future where energy and technological innovation go hand in hand to create a sustainable ecosystem.

Mr Foo Fang Yong, CEO of Huawei International, said, "Huawei will mark its 20th anniversary in Singapore with core products and initiatives designed to push industry standards, systems integration, and more."

The Carbon Neutral Movement

For everyday consumers, telecom operators, and government and industry partners worldwide, Huawei International is introducing a cohesive approach in all facets of business, with an increased focus on enhancing information transmission, processing, storage, learning, and distribution, building a collaborative ecosystem around the world.

At every touchpoint, the possibility of improvement in the name of green innovation can and will be explored, allowing the reality of a truly sustainable and carbon-neutral future to be realised.

Working towards the Singapore Green Plan 2030, business frameworks need to be reassessed and aligned with industry-wide sustainability goals to build a zero-carbon smart ecosystem.

Forward With Singapore

Mr Terry Gao, Managing Director of Huawei Digital Power Singapore, shared: Like many nations across the globe, Singapore has outlined its future roadmap towards net-zero emissions, and Huawei’s commitment to energy transformation will play a pivotal role.

A significant component of this transformation is made possible with digitalisation. For digitisation to be successful, we need more efficient data centres to be powered sufficiently and reliably. The establishing of Huawei Digital Power will allow Singapore to push ahead with more support as power digitalisation takes shape.

The new drivers, energy structure transformation and zero/low-carbon industries, will add to economic growth in the coming years. Clean power generation, electric transportation, and greener ICT infrastructure are ways the company can drive innovation and transformation.

An increased rate of innovation will allow various sustainable approaches to be adapted to suit the growing requirements; coupled with the age-old "business versus cost" dilemma, smart and cost-effective procurements are the way forward.

Embracing the Future Together

True to the collaborative nature of how Huawei is approaching this monumental task, the Huawei Digital Power Summit 2021 Singapore allowed opinion leaders and foremost experts to convene and take on the challenge of energy innovation together.

With Singapore growing to be a force to reckon with globally across all industries, including the renewable energy sector, With Singapore growing to be a force to be reckoned with globally across all sectors, including the renewable energy sector.

An innovative yet sustainable future is within reach—however, the time to act is now.

About Huawei

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have more than 197,000 employees, and we operate in more than 170 countries and regions, serving more than three billion people worldwide.

For more information, please visit Huawei online at www.huawei.com or follow us on:

http://www.linkedin.com/company/Huawei
http://www.twitter.com/Huawei
http://www.facebook.com/Huawei 
http://www.youtube.com/Huawei

Related Links :

https://www.huawei.com/

PR Newswire

IIJ Launches New Managed ZTNA Secure Access Service “Safous”

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– Access Internal Resources Safely, Securely, and Easily from Verified Users and PCs –

TOKYO, Aug. 25, 2021 — Internet Initiative Japan Inc. (IIJ, TSE1:3774) is happy to announce the release of Safous, its managed Zero Trust Network Access (ZTNA) (*1) service. IIJ will start offering Safous through the IIJ Group’s subsidiaries in China, Singapore, Thailand, Indonesia, and Vietnam as of August 25.

"We have developed Safous to enable remote users and IoT devices to access various business resources inside the corporate network in a safe, secure, and easy manner," says Miki Tanaka, Global Service Director of IIJ. Safous, a remote access service based on zero-trust technology (*2), has been developed as an integrated security service by sequentially adding web access security functions (SWG: Secure Web Gateway) and functions to visualize cloud usage (CASB: Cloud Access Security Broker). IIJ is planning to expand the service area to Europe and the United States by 2022.

Safous allows pre-authorized users and/or IoT devices to securely connect to internal information resources such as business applications within the customer’s premise or in the cloud, under strong authentication, via an access point (PoP: Point of Presence) set up by IIJ. This configuration eliminates the need to allow external access to the corporate network and reduces the risk of attacks on the corporate network. The PoP can be used in eight regions (China, Singapore, Indonesia, Japan, Europe, USA, Canada, and South America), with more locations to follow.

Notes:

(*1) ZTNA: Zero Trust Network Access is an integral part of Zero Trust, and a next-generation service solution that enables remote users to seamlessly and securely connect to corporate resources. Instead of only verifying at the perimeter, ZTNA directs communication to applications and servers through a trusted PoP which will verify and authenticate each session. 

(*2) Zero Trust: New IT security philosophy based on "Never Trust Always Verify." Distinct from the conventional practice of securing the perimeter by creating a secure corporate network.

Artist’s impression of service: https://kyodonewsprwire.jp/prwfile/release/M000185/202108209041/_prw_PI1fl_8vNE5oZB.jpg

For details, visit the website: https://www.safous.com/

COVID-19 has forced many organizations and individuals to adapt to working from home, a new style of work where many employees are not in the office. As society shifts to this new style of work, it has increasingly become a challenge for corporations and organizations to maintain business continuity and increase productivity. Additionally, with the increased number of attack vectors, there has been a spike in cyberattacks targeting remote locations. With these international trends, many global businesses need to "ensure the same level of cybersecurity to users at home as it was in the office while making sure the network topology and environment are not overcomplicated." Safous is a solution designed to solve these problems. Initially, Safous consists of ZTNA functions adopted through a technology partnership with Israeli startup Cyolo (https://cyolo.io/company/). With simple installation with no need for agents or terminals, users will experience short lead times for this project. In addition, as a managed service, the service provides 24/7 operation monitoring and disaster recovery support. The main features of this service are as follows.

– Secure by design to reduce the risk of attacks

Safous’s architecture does not allow direct access from the outside to the internal network. Only authorized users and devices can access authorized applications, thus reducing the risk of attacks targeting any corporate network. 

– Strong user authentication and access control

One of Safous’s key functions, "access control," restricts access to authorized internal applications from non-authorized users and terminals. Access control can be fine-tuned according to various conditions such as terminal application, location, device, etc. In addition, authentication on the terminal side can be reinforced through multi-factor authentication and single sign-on authentication. This enables access to internal resources from outside the company to be more secure and more efficient.

– Can be used from anywhere in the world, on any device

Since Safous is compatible with agentless deployment, it can be used not only on PCs but also on IoT devices. The PoPs that PCs and IoT devices will connect to will be deployed in eight countries at launch, but the IIJ Group will gradually increase the number of PoPs so that the service can be used from anywhere in the world without delay.

Reference price

Basic fee: USD800.00
Account fee (per user): USD10.00
*Minimum contract account: 10 accounts
*Minimum contract term: 1 year
*Prices are for all countries and regions.

In the current fiscal year, the IIJ Group is targeting the Asian market, and it will expand to the European and U.S. markets by late 2022.

About IIJ Global Solutions Singapore: https://kyodonewsprwire.jp/attach/202108209041-O1-DEGg65NG.pdf

About PT. IIJ Global Solutions Indonesia: https://kyodonewsprwire.jp/attach/202108209041-O2-D8K4o6l6.pdf

About IIJ: https://kyodonewsprwire.jp/attach/202108209041-O3-YY5ieOrZ.pdf

The statements within this release contain forward-looking statements about IIJ’s future plans that involve risk and uncertainty. These statements may differ materially from actual future events or results.

*All company, product and service names used in this press release are the trademarks or registered trademarks of their respective owners.

Official website: https://www.iij.ad.jp/en/

Related Links :

https://www.iij.ad.jp/

PR Newswire

China.org.cn: National Games inject new vitality into ancient capital

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BEIJING, Aug. 23, 2021 — A news report by China.org.cn on China’s 14th National Games:

 

China’s 14th National Games are scheduled to be held between Sept. 15 and 27 in Shaanxi province. The National Games are China’s largest multi-sport event at the highest level of athletic competition. Therefore, Xi’an, the main host city of this year’s Games, has been attracting a lot of attention.

Xi’an is one of the 10 oldest cities in the world. Around 1.15 million years ago, Lantian man, a subspecies of Homo erectus, lived in the area, marking one of the earliest stages of human civilization. Historically known as Chang’an, the city served as the imperial capital of 13 dynasties, including the Qin, Han and Tang. For several millennia, Xi’an has created a rich sporting heritage, represented by Chen-style tai chi, Xingyi Six-harmony Broadsword and Fuxing lion dance. Its time-honored history has also added charm to modern sporting events. For example, the Xi’an City Wall International Marathon has been held for more than 20 years on the ancient city wall constructed during the Ming dynasty.

The upcoming 14th National Games will also feature a blend of history and modernity. The Xi’an Olympic Sports Center, the venue for the opening ceremony of the Games, is shaped like a pomegranate flower, which bears witness to the development of the ancient Silk Road. Xi’an was the starting point of the ancient Silk Road. Through this route, the pomegranate was introduced into China and its flower became the official city flower of Xi’an. The pomegranate flower-shaped stadium is equipped with a range of modern technologies. It is the first sports center in China to feature full 5G network coverage, and utilizes VR, AR and other new technologies.

In its preparations for the Games, Xi’an also enhanced its urban infrastructure: Construction of metro lines accelerated; several expressways and interchanges opened to traffic; and Xi’an Railway Station was expanded, more than doubling the number of passengers it can handle annually.

At the same time, Xi’an has been injecting new vitality into its historical and cultural heritage. Heritage parks at the Xiaoyan Pagoda and Duling Mausoleum sites opened to the public; the "Belt and Road" Urban Exhibition Center and Cultural Exchange Center will be completed soon; and many night runs have been held at the city’s landmarks, such as the Daming Palace National Heritage Park. All these demonstrate the unique charm of Xi’an, where history and tradition blend with modernity and fashion.

Despite the impact of COVID-19, Xi’an completed its preparations and will hold the Games as scheduled, sending a cordial invitation to the world with perseverance and practical actions.

Xi’an looks forward to meeting guests this September for the 14th National Games!

China Mosaic
http://www.china.org.cn/video/node_7230027.htm

National Games inject new vitality into ancient capital
http://www.china.org.cn/video/2021-08/23/content_77708762.htm

PR Newswire

Entrepreneurial Road of GERZZ INTERACTIVE

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SHANGHAI, Aug. 21, 2021 — With fast development of online media and increasing demand for entertainment in China currently, LARP game, as a strategic board game of usually 4-8 players, is becoming accessible and popular among youth. 

The founder Kevin Ling and his team
The founder Kevin Ling and his team

Kevin Ling, as a Gen Z entrepreneur, initiated GERZZ INTERACTIVE from his passion and interest in LARP game. In 2020, due to the impact of the epidemic, Kevin Ling returned to China from the United States. He surprised found that LARP was developing with an rapid speed both in content and form . He sensed that LARP has huge potential in overseas market. Thus, he decided to start his own business in this field.

At the beginning, the team consisted of 9 college students. With a strong academic background from Carnegie Mellon University, they decided to create an online LARP app to connect students. Initially, Kevin and his team tried to develop a mini-program to recruit players online and play the game offline. Afterwards, the team is developing an LARP App which players can enjoy the game online. Till now, the company owns 32 stuff.

HALO JUBENSHA plans to be launched in September this year. The obvious difference between HALO and other types of software is that HALO has DM (Dungeon Master, the host of the game). It is the first LARP app with the DM in global market. The DM will be trained by professional teachers who have rich experience in voice-controlling and acting.

The script is outstanding. All of the scripts which were previously popular offline are brought to this online platform. This is a mature and high-end boutique route. Besides, some good script has elements of Chinese traditional culture, which is helpful to broadcast Chinese culture abroad.

In 2020, the LARP industry in China has a market valued over 20 billion RMB. Under an era where innovation matters, long-term success requires consistent creation on high-quality product. GERZZ plans to cooperate with other game companies to develop IP for the content. Meanwhile, GERZZ aims to build their own writer team.

GERZZ focuses on new development of software on mobile Internet. They hope to lead an entertainment revolution globally.

Contact: tianjialu@gerzz.com

PR Newswire

JCET 1H 2021 Net Profit Jumps 261%, Earnings Surpass FY 2020 Mark

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Q2 2021 Financial Highlights:

  • Revenue was RMB 7.11 billion, an increase of 13.4% year on year. A record high second quarter in the company’s history.
  • Generated RMB 1.68 billion cash from operations, an increase of 67.1% year on year. With net capex investments of RMB 0.92 billion, free cash flow for the quarter was RMB 0.76 billion.
  • Net profit was RMB 0.94 billion, a record high second quarter in the company’s history.
  • Earnings per share was RMB 0.54, as compared to RMB 0.15 in Q2 2020.

1H 2021 Financial Highlights:

  • Revenue was RMB 13.82 billion, an increase of 15.4% year on year.
  • Generated RMB 2.88 billion cash from operations, an increase of 33.9% year on year. With net capex investments of RMB 1.48 billion, free cash flow for the first half of 2021 was RMB 1.40 billion.
  • Net profit was RMB 1.32 billion, an increase of 261.0% year on year，a record high in the company’s history.
  • Earnings per share was RMB 0.78, as compared to RMB 0.23 in 1H 2020.
  • Successfully completed private placement of RMB 5 billion in April 2021.

SHANGHAI, Aug. 21, 2021 — JCET (SSE: 600584), a leading global provider of integrated circuit (IC) manufacturing and technology services, today announced its financial results for the first half year of 2021. According to the financial report, in 1H 2021, JCET maintained its momentum of growth and strong profitability, with revenue of RMB 13.82 billion and net profit of RMB 1.32 billion, which achieved 15.4% and 261.0% year on year growth respectively.

 

Ms. Janet Chou, CFO of JCET said, “Thanks to the solid execution of our team and strong customer demand, JCET delivered another record setting quarter in 2021 with gross margin expanding 260 basis points year on year in Q2. With strong operating cash generation and robust free cash flow, we further strengthened our balance sheet.”

Along with a strong financial performance, JCET had many additional key accomplishments in Q2 2021. In April, JCET established the “Design Service Business Center” and “Automotive Electronics Business Center” to strengthen efficient interaction and synergistic development with the industry ecosystem and provide seamless and efficient full lifecycle technical service support to customers. JCET completed a private placement raising approximately RMB 5 billion to enhance capabilities in SiP, QFN, BGA and other finished chip manufacturing solutions to better meet the needs of 5G communication devices, big data, automotive electronics and other market applications. And in June, JCET completed the acquisition of Analog Devices Inc.’s Singapore test facility that enabled the continued expansion of JCET test business in Singapore and the rapid and steady advancement of its global business strategies.

Mr. Li Zheng, CEO of JCET said, “The dynamic and innovative applications in the post-Moore era have driven the rapid upgrade of advanced packaging and backend chipset manufacturing solutions, and this gives JCET great opportunities for growth. In recent years, JCET has been partnering with our global customers, continuously increasing investment in advanced technologies, and strengthening our professional and international management and production operation systems, resulting in record revenue and net profit in the first half of 2021. In the future, we will continue to invest in R&D of advanced technology solutions, optimize operational capabilities, strengthen our professional team, and implement a talent incentive mechanism under the guidance and support of the Board of Directors, to lay a solid foundation for the sustainable development of JCET.”

About JCET:

JCET Group is the world’s leading integrated-circuit manufacturing and technology services provider, offering a full range of turnkey services that include semiconductor package integration design and characterization, R&D, wafer probe, wafer bumping, package assembly, final test and drop shipment to vendors around the world.

Our comprehensive portfolio covers a wide spectrum of semiconductor applications such as mobile, communication, compute, consumer, automotive and industry etc., through advanced wafer level packaging, 2.5D/3D, System-in-Packaging, and reliable flip chip and wire bonding technologies. JCET Group has two R&D centers in China and Korea, six manufacturing locations in China, Korea and Singapore, and sales centers around the world, providing close technology collaboration and efficient supply-chain manufacturing to customers in China and around the world.