` tags. ```xml In November of 2024, I attended a performance by a jazz pianist at the Village Vanguard in New York City. This forward-thinking artist from the hip-hop generation, playing the music of a notable figure, created an enchanting performance. He incorporated fragments of various elements, reinterpreting songs by the jazz icon Ellington into something both new and equally impactful. Through diverse polyrhythms, Moran demonstrated jazz's ability to create simultaneous, harmonious experiences. The effect was profound and distinctly American. That evening reinforced my belief that jazz is the most vital expression of American innovation and creativity, deserving of both celebration and protection. Jazz shapes and permeates the arts and culture of our nation, forming the core of our grand experiment. It originated in New Orleans with cornetist King Buddy Bolden, born in the year Reconstruction ended. Bolden drew inspiration from both the Blues traditions of Black evangelical churches and the ragtime music of French-speaking Creole Black musicians. From its inception, jazz has been a uniquely American Black art form, the first original art form developed in the United States. By the 1930s, nearly all the top musical artists in the country were considered jazz musicians. In subsequent decades, jazz figures such as Fats Waller, Benny Goodman, and others dominated the charts. Today, rap and hip-hop, among the nation's most popular genres, draw from jazz's creative origins, embodying the artistic ingenuity that poet Amiri Baraka described as "the digging of everything.” Emerging from the hardship, challenges, and condemnation of slavery, along with the unrealized promise of post-Reconstruction justice, Black musicians embraced experimentation, innovation, resourcefulness, joy, and a multigenerational dialogue speaking truth to power that continues to this day. "Jazz is freedom," Duke Ellington stated in 1945. "Jazz is the freedom to play anything, whether it has been done before or not. It gives you freedom." His words reveal how jazz's multivocality and polyphony are fundamental to the American identity. Our country is a composite of many places, and our primary language is a blend of numerous languages. We are not "mono" in any sense – not monotheistic, monoracial, or monolithic in our media, markets, education, endeavors, political beliefs, or backgrounds. Instead, we are multivocal, multicultural, and free. It is therefore unsurprising that jazz and the freedom it embodies have long thrived in New York City, particularly in venues like the Village Vanguard, where I witnessed Moran's remix and reimagining of Ellington's work. The slender island of Manhattan has been a fertile ground for unique cultural expression. The Vanguard, for instance, stands as the oldest jazz club in the world. This intimate, enduring space provides both sanctuary and beauty, as evidenced by live performances and iconic jazz recordings made there by artists like Dizzy Gillespie, John Coltrane, Geri Allen and esperanza spalding. During his Vanguard performance, Moran paused to display a talisman: Duke Ellington's address book, a tangible representation of the intergenerational dynamism inherent in jazz. This American art form has a clear origin. Through shared performances and the passing down of stories from teacher to student across generations, jazz possesses a defined starting point known and experienced by all its musicians. King Buddy Bolden discovered Edward 'Kid' Ory, who later collaborated with Louis Armstrong. Miles Davis, a successor of Benny Goodman, mentored Jack DeJohnette, who then mentored Terri Lynne Carrington. Though only six generations separate Bolden from the present day, the mentorship, stewardship, and transmission of this quintessentially American music have always depended on the craft's elders. This is where a sense of urgency now resides. Shortly after seeing Moran's performance, the *New York Times* featured an article about the famous photograph of American jazz musicians from the mid-20th century. Titled "Harlem 58," it's widely known as "A Great Day in Harlem" and was taken by Art Kane. Only one of the 58 jazz artists in the photo, saxophonist Sonny Rollins, is still living. Rollins, now 94, said this about the elders in the photo: "I had been following jazz all my short life up to that time, so I knew a great deal about the guys. My particular idols, Coleman Hawkins and Lester Young, were both in that picture. Those guys are much beyond me, but I guess I’ll be remembered with them when people look at : ‘Oh, there’s Sonny Rollins, and wow, look, there’s Coleman Hawkins!’” The learning and guidance inherent in those lineages—the relational excitement, energy, and awe that Rollins, now an elder himself, still remembers—must be preserved if we want jazz to continue as an artistic driver of innovation and creativity in our country. One lesson from great jazz musicians like Moran is that keen listening is crucial for effective community function, just as understanding our shared history strengthens American society. Jazz is often seen as a "playing" art, but it is fundamentally a "listening" art. Without that reciprocal exchange, neither jazz nor America can thrive. As Wynton Marsalis said of our democracy, they must always be "in swing." ```
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AOL Founder Steve Case Draws Parallels Between the Dotcom Boom and the AI Revolution
The 25th anniversary of the dotcom bust this March offers both a warning and inspiration as we navigate the current AI boom. AI, similar to the internet in the 1990s, is seen as revolutionary, with significant investment and high valuations fueling excitement and speculation. However, history suggests that AI may take longer to reach its full potential than many anticipate, and some ventures will fail. As co-founder of AOL, I witnessed the Internet revolution firsthand. I see key lessons from that period that apply to the AI boom today. The parallels between the Internet's evolution and the potential AI revolution are becoming evident. Transformative technologies usually take time to mature, but adoption can accelerate quickly under the right conditions. Policymakers must carefully balance promoting innovation with responsible oversight, as excessive regulation can hinder progress. Market dynamics often favor early adopters, but industry concentration in AI risks limiting opportunities for startups. Hype cycles are unavoidable, with overinvestment leading to corrections, but true innovations endure. These insights highlight the need for strategic regulation, open access, and a steady approach to shaping AI's future. First, technology adoption takes time, but it can accelerate rapidly. While AI might seem like an instant success, its origins date back over 70 years. Similarly, the Internet was in development for more than two decades before AOL became the first Internet company to go public in 1992. AI has arguably taken longer to develop than the internet, but due to increased global interconnectedness, ChatGPT gained 100 million downloads in just three months after launch. In comparison, it took AOL nine years to reach 1 million subscribers. AOL's first funding round in 1985 was only $1 million; today, some AI startups are raising $1 billion with little more than a promising idea and an experienced team. Second, AI's rapid adoption is compelling policymakers to act faster than they did with the Internet. The government played a vital role in the Internet's success. Key decisions, such as the Telecommunications Act, which encouraged competition, and Congress's decision to open Internet access to everyone, helped launch the digital age. However, because consumer adoption of the Internet was gradual, the government initially adopted a cautious approach and minimal regulation while monitoring its evolution and impact. Now, there's pressure to act quickly, especially given concerns about AI's potential risks. Reaching an agreement on appropriate safeguards is important. However, concerns about potential negative outcomes shouldn't lead to restrictive regulations that stifle AI's many benefits or jeopardize the development of this strategically important technology. Finding the right balance between responsible oversight and fostering rapid innovation will be challenging. Third, during the Internet boom, major corporations experimented with the technology, but few initially took it seriously. Many large American companies, like GE and AT&T, explored online strategies but doubted its broad appeal. Their hesitancy created an opportunity for new companies like AOL and Yahoo. However, AI is different. Major tech companies like Microsoft, Google, Meta, and Amazon are all heavily invested, creating an arms race to dominate AI. This raises concerns for startups. Unlike the early days of the Internet, the development of foundational AI platforms is mainly concentrated in a few dominant firms. Open-source AI could promote broader access and innovation. Without it, AI could exacerbate inequality, and new disruptive startups may struggle. Fourth, hype and FOMO will inevitably cause market corrections. In the late 1990s, the belief that "the Internet will change everything" led to inflated valuations. While that belief was accurate, the changes didn't happen overnight or for every company. When the bubble burst, many dismissed the Internet as a fad. Even within AOL Time Warner, there were skeptics. In reality, the shakeout led to the failure of many companies, but the strongest, like Google and Amazon, thrived. AI is currently experiencing a similar hype cycle. There's a rush to invest early, reminiscent of the dotcom era, as investors fear missing out on the next big thing. However, as with the Internet, not every AI startup will succeed; in fact, most will fail. Still, the technological trend is real. The Internet led to a paradigm shift that changed our lives, and AI will do the same. But be prepared, because if the dotcom bust is any indication, it will be a turbulent ride. ```
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China Conducts Extensive Military Exercises Around Taiwan
TAIPEI, Taiwan — On Tuesday, the Chinese military declared the commencement of extensive drills in the sea and airspace surrounding Taiwan. These exercises involve a carrier battle group and serve as a renewed warning to the self-governed island against pursuing official independence. According to Shi Yi, a spokesperson for the People’s Liberation Army’s Eastern Theater Command, the joint drills, encompassing naval, air, ground, and rocket forces, are intended as a "severe warning and forceful containment against Taiwan independence." The drills were unannounced and have no designated operational name. China views Taiwan as a part of its territory, which it may bring under control by force if necessary. Conversely, the majority of Taiwanese citizens favor their de facto independence and democratic governance. Any potential conflict could involve the U.S., which has alliances in the area and is legally obligated to treat threats to Taiwan with "grave concern." Taiwan’s Presidential Office stated on X, “China’s blatant military provocations not only threaten peace in the Taiwan Strait but also undermine security in the entire region, as evidenced by drills near Australia, New Zealand, Japan, Korea, the Philippines & the SCS. We strongly condemn China’s escalatory behavior.” The SCS refers to the South China Sea, a strategically important waterway largely claimed by China. The Chinese navy recently conducted drills near Australia and New Zealand without prior notification, causing commercial flights to reroute at the last minute. Taiwan’s Ministry of National Defense reported tracking 19 Chinese navy ships in the waters around the island over a 24-hour period, from 6 a.m. Monday to 6 a.m. Tuesday. The ministry also noted that it has been monitoring the Shandong aircraft carrier since Saturday and that its carrier group has entered Taiwan’s air defense identification zone, a self-defined area monitored by the military. While China routinely sends military assets into this zone, which it does not recognize, Taiwanese officials have recently cautioned that China might launch a surprise attack under the guise of military exercises. “I want to say these actions amply reflect (China’s) destruction of regional peace and stability,” said Taiwan’s Defense Minister Wellington Koo. Koo mentioned that Taiwan has established a central response group to oversee the latest exercises. In Taipei, residents reported a tense atmosphere but expressed greater concern about the economy and developments related to the administration of U.S. President Donald Trump. “The Chinese Communists spend so much time and effort on these things but most people don’t pay much attention,” said Lin Hui-tsung, a noodle seller in the city’s Tiananmu district. China’s Coast Guard also announced a "law enforcement patrol" around Taiwan on Tuesday, according to spokesperson Zhu Anqin. These drills follow a large-scale exercise two weeks prior, during which Beijing dispatched numerous drones and ships toward the island. China’s Taiwan Affairs Office stated that the exercises target Lai Ching-te, Taiwan’s president, who strongly supports independence. “Lai Ching-te stubbornly insists on a ‘Taiwan independence’ stance, brazenly labeling the mainland as a ‘foreign hostile force,’ and has put forward a so-called “17-point strategy … stirring up anti-China sentiments,” said China’s Taiwan Affairs Office in a statement on Tuesday. “We will not tolerate or condone this in any way and must resolutely counter and severely punish these actions.” In mid-March, Taiwan’s Lai introduced a 17-point strategy to bolster Taiwan’s national security. The points involve permitting military courts to try espionage cases and imposing stricter immigration rules for Chinese citizens seeking permanent residency. Lai's statements and actions appear to have particularly angered Chinese leader Xi Jinping, whose prior attempts at intimidation have had limited impact on the Taiwanese population. These actions have often coincided with expressions of Taiwanese independence, including a visit from then-U.S. House leader Nancy Pelosi. China’s PLA also released videos promoting their military exercise, including one portraying Lai as a green parasite "poisoning" the island by hatching smaller parasites. The video depicted Lai’s head on a bulbous green worm’s body, with chopsticks picking him up and roasting him over a flame set over Taiwan. China has been sending military assets toward the island daily, attempting to weaken Taiwanese defenses and morale, despite the vast majority of the island’s 23 million people rejecting China's claim of sovereignty over Taiwan. In recent years, China has increased the scope and scale of these exercises, from deploying small numbers of individual fighters and surveillance planes to sending groups of planes, drones, and ships. “The PLA organized naval and air forces to practice subjects such as sea and land strikes, focusing on testing the troops’ ability to carry out precision strikes on some key targets of the Taiwan authorities from multiple directions,” said Zhang Chi, a professor at China’s National Defense University, in an interview with Chinese state television. Taiwan and China split amid civil war 76 years ago, but China has cut off almost all contacts with Taipei since 2016. ___ Wu reported from Bangkok. Christopher Bodeen contributed to this report from Taipei, Taiwan. ```
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Palestinian Teenager Dies in Israeli Prison, Marking First Such Death
JERUSALEM — Officials report that a 17-year-old from the West Bank, held in an Israeli prison for half a year without charges, died after collapsing under circumstances that remain unclear. This marks the first instance of a Palestinian teenager dying in Israeli detention. According to his family, Walid Ahmad was a healthy high school student before his arrest in September for allegedly throwing rocks at soldiers. Human rights organizations have documented the detention of thousands of Palestinians, many of whom were apprehended following the Hamas attack on October 7, 2023. Prison authorities refute claims of systematic abuse, stating that they investigate all allegations of misconduct by prison staff. However, the Israeli ministry responsible for overseeing prisons has acknowledged that conditions within these facilities have been reduced to the minimum standards permissible under Israeli law. The Israeli prison service did not provide answers regarding the cause of death, only stating that a 17-year-old from the West Bank died in Megiddo Prison, a facility previously accused of neglect. They added that “his medical condition being kept confidential,” and that all deaths in detention are investigated. Khalid Ahmad, Walid's father, described his son as a vibrant teen who enjoyed soccer before being taken from his home in the occupied West Bank during a pre-dawn raid. Six months later, after several brief court appearances without a trial date being set, Walid collapsed in a prison yard on March 23 and hit his head, dying shortly after, according to Palestinian officials citing eyewitness accounts from other prisoners. The family suspects that Walid contracted amoebic dysentery due to the poor conditions in the prison. This infection can cause diarrhea, vomiting, and dizziness, and can be fatal if left untreated. Walid is reportedly the 63rd Palestinian prisoner from the West Bank or Gaza to die in Israeli custody since the start of the war, according to the Western-backed Palestinian Authority, which governs parts of the West Bank. Palestinian prisoner rights groups claim this represents approximately one-fifth of the roughly 300 Palestinians who have died in Israeli custody since the 1967 Mideast war, when Israel occupied the West Bank, Gaza, and East Jerusalem. Palestinians seek these territories for their future state. The Palestinian Authority asserts that Israel is holding the bodies of 72 Palestinian prisoners who died in Israeli jails, including 61 who have died since the war began. Former detainees have reported harsh treatment since the start of the war, as told to The Associated Press. Their accounts included reports of beatings, severe overcrowding, insufficient medical attention, scabies outbreaks, and unsanitary conditions. Israel's National Security Ministry, headed by ultranationalist Cabinet Minister Itamar Ben-Gvir and responsible for the prison service, has declared its policy of reducing conditions for Palestinian detainees "to the minimum required by law," stating it is intended to deter attacks. ‘Don’t worry about me’ Israel has arrested thousands of Palestinians in the Gaza Strip and the West Bank, alleging suspicions of militancy. Many have been held for months without charges or trial under administrative detention, which Israel defends as a necessary security measure. Others are arrested on suspicion of aggression toward soldiers but face continuous trial delays as the military and security services gather evidence. Walid attended at least four court appearances via videoconference, according to his father, but each time the judge postponed the proceedings, eventually scheduling a trial date for April 21. His father stated that each session lasted approximately three minutes. In a February session, four months after Walid's detention, his father observed that his son appeared to be in poor health. “His body was weakened due to malnutrition in the prisons in general,” the elder Ahmad said. He mentioned that Walid told him he had contracted scabies, a contagious skin rash caused by mites that causes intense itching, but had been treated. “Don’t worry about me,” his father remembers him saying. Khalid Ahmad later visited his son’s friend, a former soccer teammate who had been held with Walid in the same prison. The friend told him Walid had lost weight but that he was OK. Four days later, the family received news of the death of a 17-year-old in the prison. An hour and a half later, they learned that it was Walid. “We felt the same way as all the parents of the prisoners and all the families and mothers of the prisoners,” said Khalid Ahmad. “We can only say ’Indeed, we belong to Allah, and indeed to him we shall return.’” Cause of death is unknown Walid's lawyer, Firas al-Jabrini, stated that Israeli authorities denied his requests to visit his client in prison. However, he says three prisoners held alongside Walid informed him that he was suffering from dysentery, which was reportedly widespread among young Palestinians held at the facility. According to the lawyer, they said Walid experienced severe diarrhea, vomiting, headaches, and dizziness. They suspected the disease was spreading due to dirty water, as well as cheese and yogurt provided by prison guards in the morning that sat out all day while detainees were fasting for Ramadan. Megiddo, located in northern Israel, "is the harshest prison for minors," al-Jabrini stated. He reported being told that rooms intended for six prisoners often held 16, with some sleeping on the floor. Many complained of scabies and eczema. Thaer Shriteh, spokesperson for the Palestinian Authority’s detainee commission, reported that Walid collapsed and hit his head on a metal rod, causing him to lose consciousness. "The prison administration did not respond to the prisoners’ requests for urgent care to save his life," he said, citing witnesses who spoke to the commission. Both the lawyer and the Palestinian official indicated that an autopsy is required to determine the cause of death. Israel has agreed to conduct one, but a date has not been scheduled. "The danger in this matter is that the Israeli occupation authorities have not yet taken any action to stop this (disease) and have not provided any treatment in general to save the prisoners in Megiddo prison," Shriteh said. ___ Follow AP’s war coverage at
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Hooters Seeks Bankruptcy Protection
Hooters, the American restaurant chain famous for its chicken wings and waitresses known as "Hooters Girls" in revealing outfits, has declared bankruptcy. HOA Restaurant Group filed for Chapter 11 bankruptcy protection on Monday in the North Texas Bankruptcy Court located in Dallas. The company's mounting debt led to its financial difficulties. However, it intends to remain open and resolve these issues in the coming months. A group comprising the original founders, who collectively own almost a third of the Hooters locations in the U.S. – including approximately half of its highest-grossing restaurants – plans to acquire and manage even more outlets, according to a company press release. “Our renowned Hooters restaurants are here to stay and we are taking action to strengthen our business to better serve our valued customers over the long term,” the company stated on its website. Hooters, headquartered in Atlanta, Georgia, was established in Clearwater, Florida, in 1983. The company has faced challenges for some time. Hooters had been the sponsor of Chase Elliott's No. 9 NASCAR car since 2017. However, Hendrick Motorsports ended its partnership last year due to the sponsor's failure to meet its financial obligations. The company's business model has faced various hurdles, including lawsuits regarding its exclusive hiring of "Hooters Girls" as servers. Last year, Hooters agreed to pay $250,000 and provide other forms of compensation to resolve a race and color discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission against a Hooters restaurant in Greensboro, North Carolina. In 2022, the restaurant chain denied rumors that it was closing down and rebranding in response to evolving customer preferences. In 2019, the Hooters hotel-casino located off the Las Vegas Strip was sold to an Indian hotel group and subsequently rebranded as the OYO Hotel and Casino. In 2017, the company experimented with a restaurant concept that did not feature servers in revealing attire, exploring an alternative approach to its original model. ```
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SmmPanel.co: Your Go-To SMM Panel for All Social Media Requirements “`
California City, California Apr 1, 2025 - In today's digital age, social media is integral to everyday life. With billions using various platforms, businesses can tap into a vast audience to market their offerings. However, managing numerous accounts and achieving organic growth can be difficult and take considerable time. This is where steps in to help. SMM panels are marketing tools that offer services designed to enhance a business's or individual's online presence. These services focus on boosting metrics such as followers, likes, comments, and shares across different social media platforms. While the market offers numerous SMM panels, SmmPanel.co distinguishes itself as a top choice. Why Choose SmmPanel.co? Several compelling reasons make SmmPanel.co the ideal SMM panel for your social media requirements: Affordable Prices: SmmPanel.co boasts highly competitive prices (). Access high-quality social media services at significantly lower costs compared to other panels. Wide Range of Services: We offer comprehensive services for many social media platforms, including Facebook SMM Panel, , Twitter, YouTube SMM Panel,, and more. Whether you want to increase followers, likes, comments, or shares, SmmPanel.co is ready to assist. Fast Delivery: SmmPanel.co recognizes the importance of speed in social media marketing, and provides quick delivery for all services. Expect to see results shortly after placing your order. 24/7 Customer Support: We provides round-the-clock customer support to address any questions or concerns. Their knowledgeable and responsive team ensures a smooth experience. Secure Payment: SmmPanel.co employs secure payment gateways to ensure transaction safety. Multiple payment options are supported, including PayPal, credit cards, and Bitcoin. Positive Reviews: SmmPanel.co has garnered many positive reviews from satisfied customers. Their strong reputation highlights the caliber of their services. How to Use SmmPanel.co? Using SmmPanel.co is straightforward. Here’s a step-by-step guide: Sign Up: Begin by creating an account on SmmPanel.co. The registration process is fast, easy, and takes only a few minutes. Choose Your Service: After creating an account, explore the wide selection of services and select the one that best suits your goals. Place Your Order: Once you've chosen a service, proceed to place your order. You’ll need to provide essential details such as your social media username and the desired quantity. Make Payment: After placing your order, you'll be directed to the payment page. SmmPanel.co supports various payment methods for your convenience. Wait for Delivery: After payment, simply wait for your order to be fulfilled. SmmPanel.co offers quick delivery, so you can expect results in just a few hours. Social media marketing is critical for those looking to expand their online footprint. However, managing multiple accounts and growing your audience organically can be overwhelming. SmmPanel.co offers a solution by delivering high-quality social media services at reasonable prices. With a wide array of services, swift delivery, round-the-clock support, secure payment options, and glowing testimonials, SmmPanel.co is the best SMM panel for your social media needs. Don't hesitate – sign up today and elevate your social media presence!Media ContactGet the Best SMM Panel for Your Social Media Needs SmmPanel.co Source :SmmPanel.co
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Advanced Miners Buys Alberta Gas Power Project to Fuel 99MW Bitcoin Mining Farm
Cleveland, Aberdeen Apr 1, 2025 - Advanced Miners has acquired a natural gas power project in Alberta to support a 99MW Bitcoin mining operation. Advanced Miners, a cryptocurrency mining firm, has purchased a 101MW gas-powered power project in Canada, with intentions to create a 99MW Bitcoin mining facility there.Located on 19 acres in Fox Creek, Alberta, the project was acquired in an all-cash transaction for $28.7 million.The acquisition encompasses all necessary permits and licenses for constructing the on-site natural gas power plant, along with approval for a 99MW grid connection with the Alberta Electric System Operator.Advanced Miners plans to collaborate with an EPC (engineering, procurement, and construction) company, whose name was not disclosed, to develop and build the power plant. Construction is slated to commence in the second quarter of 2025, with the site becoming operational in the fourth quarter of 2026. The construction of the gas-fired power plant is projected to cost $90 million.Advanced Miners stated that it will implement a carbon capture system to lower the carbon footprint of its operations as part of the project acquisition.Advanced Miners Cloud Mining Service... No Hardware Costs - Avoid the need for expensive ASIC miners and GPUs.... No Electricity Worries - The provider handles power and maintenance.... Passive Income - Generate crypto rewards with minimal effort.... Accessible Anywhere - Mine from any device, like your phone or computer.Understanding Cloud Mining ContractsAdvanced Miners provides a variety of contract options, ranging from basic entry-level to more sophisticated investment plans. The platform supports cryptocurrency mining with infrastructure management and operational security features, including data encryption and fund protection.For investor and media inquiries, please contact:Advanced Miners Investor Relationsinfo@advancedminers.comAdvanced Miners Media Relationssupport@advancedminers.comOfficial website: 468 Ashingdon Road, Rochford, EnglandFounded in 2017 and based in the UK, Advanced Miners is a leading cloud mining service provider, allowing users to mine cryptocurrencies without the need for expensive hardware or the complexities of traditional mining. With a focus on security, transparency, innovation, and reliable performance, Advanced Miners has earned the trust of investors and investment firms globally!Media ContactADVANCED OPERATIONS MANAGEMENT LIMITED08970287575468 Ashingdon Road, Rochford, England Source :ADVANCED OPERATIONS MANAGEMENT LIMITED ```
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Morzze Black Granite Sinks: Upgrade Your Kitchen with Style and Long-Lasting Quality
New Delhi, Delhi Apr 1, 2025 - Is Your Sink Equipped to Handle Your Kitchen's Demands? Consider this scenario: a satisfying family meal is over, and now the daunting task of cleaning up begins. Heaps of greasy dishes, persistent food remnants, and large cookware that seems impossible to fit in the sink. If your current sink can't cope with the chaos, it might be time to consider a replacement. That's where Morzze black granite kitchen sinks come into play – designed specifically for modern homes that require more than just a basic sink. They are constructed for durability, aesthetic appeal, and optimal functionality. Whether you're tackling tough curry stains or simply washing vegetables, your sink should be a helpful tool, not a source of frustration. Why Black Granite Kitchen Sinks are Transforming Kitchens Exceptional Durability for the Rigors of Daily Use Kitchens endure a lot – hot pans, sharp utensils, and constant dishwashing. Morzze's granite kitchen sinks are robust enough to withstand these challenges. Resistant to scratches and heat, and engineered for lasting performance, they are ideal for busy kitchens and families. Stylish Designs, Modern Aesthetics Black granite sinks can instantly enhance the look of your kitchen. Whether you prefer a refined black granite sink for a contemporary style or a lighter tone for a more traditional ambiance, Anupam's kitchen sink range offers a variety of options. Extra-Deep Basins for Handling Large Items No more struggling with dishes and cookware. Morzze's kitchen sinks on granite countertops feature deep basins designed to accommodate oversized items without causing water to splash over the edges. Effortless Cleaning Nobody wants to spend excessive time cleaning after a long day. Morzze's granite kitchen sinks feature a non-porous surface that prevents stains and food residue from accumulating. A simple rinse is all it takes to keep your sink looking pristine. Morzze's Standout Innovations When you choose a Morzze sink, you're not just purchasing a product – you're investing in innovation. With over two decades of expertise, Morzze has developed features such as the Intellidrain system, which ensures your sink and drain remain clean and efficient. Additionally, if the noise from dishwashing bothers you, their exclusive Sound Guard technology minimizes sound, keeping your kitchen a tranquil space. Built with Precision, Made to Last Morzze's advanced manufacturing facility ensures each sink is made with precision and attention to detail. Using high-quality materials and thorough quality control, their premium kitchen sink collection is distinguished in the market. Why Choose Morzze Black Granite Kitchen Sinks? Durable and Heat-Resistant: Designed for everyday use Stylish Designs: Available in various colors, including elegant black granite kitchen sinks Easy Maintenance: Resistant to stains and food buildup Innovative Features: Intellidrain system for cleaner drains Deep Bowls: Ideal for large families and bulky utensils Are You Ready to Improve Your Kitchen Experience? With Morzze's granite kitchen sinks, you're not just washing dishes – you're transforming your entire kitchen experience. They offer durability, beauty, and a range of features, making them a worthwhile upgrade for your kitchen. Explore Morzze's premium kitchen sink collection today and redefine your kitchen's atmosphere.Media ContactMorzze1800 110 123 Source :Morzze ```
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Rawatly Aims to Boost Tech Innovation and Development
Noida, Uttar Pradesh Apr 1, 2025 - Rawatly, a prominent provider of advanced solutions for the technology and startup sector, is pleased to announce its latest advancements in the rapidly changing world of technology and entrepreneurship. These ongoing efforts are focused on offering a platform that supports startups, speeds up innovation, and stimulates growth across diverse industries. As technology continues to revolutionize markets and define the future, Rawatly aims to lead this transformation by providing valuable insights, resources, and opportunities for entrepreneurs, developers, and investors. Rawatly's updates, with a focus on encouraging innovation, include: New Tools and Resources: Rawatly is launching a new set of tools to assist startups in streamlining operations, refining business strategies, and improving customer engagement. These resources feature AI-driven analytics platforms, automation instruments, and interactive dashboards for tracking performance. Partnerships with Industry Leaders: To offer startups more funding, mentorship, and networking opportunities, Rawatly is creating new alliances with top tech firms and venture capital organizations. These collaborations seek to advance startups from their initial stages to becoming well-established players in the market. Tech and Startup Events: Rawatly is actively planning and sponsoring industry events like webinars, workshops, and meetups. These events give startups a venue to display their products, share ideas, and network with like-minded business owners. Rawatly's Commitment to Sustainability: Rawatly is dedicated to promoting sustainability within the tech and startup ecosystem, in addition to its emphasis on innovation. The company is collaborating with green-tech startups and promoting sustainable business practices that lessen environmental effects. "We are incredibly excited to bring our new updates to the tech and startup communities," stated Prahlad Rawat, CEO of Rawatly. "At Rawatly, we believe in the power of technology to change the world. By supporting startups and driving innovation, we are paving the way for a brighter, more sustainable future." Rawatly's all-inclusive platform strives to be a central hub for everyone involved in the tech and startup arena. Rawatly provides the tools, resources, and connections to help developers, entrepreneurs, investors, and enthusiasts thrive. For further details about Rawatly and its offerings, please visit About Rawatly: Rawatly is a premier platform focused on fostering startup growth and promoting technological innovation. Rawatly provides a comprehensive array of resources, tools, and partnerships to help entrepreneurs overcome the obstacles of creating successful businesses in today's fast-paced tech environment.Media ContactRawatly Source :Rawatly ```
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Seven Seas Stone Depot Launches, Bringing Global Stone Selection to Dallas
Dallas, Texas Apr 1, 2025 – Seven Seas Stone Depot has officially launched in Dallas, Texas, as a leading wholesale provider of polished pebbles and natural stone. Aiming to revolutionize the building materials sector, the company will cater to stone yard retailers, landscape suppliers, and building material wholesalers. It offers a wide array of premium pebbles at competitive prices, sourced from top quarries worldwide, ensuring superior quality, durability, and aesthetic appeal. Beyond high-quality stone, the brand distinguishes itself through exceptional customer service. According to CEO Alex Xiao, Seven Seas Stone Depot believes that superior materials are the foundation of any successful project. The company’s extensive selection includes white, black, yellow, red, and Santorini polished pebbles, all designed to elevate outdoor spaces with beauty and longevity. These stones suit both modern and traditional landscaping designs for residential and commercial projects. Their polished finish adds elegance, and their durability ensures they withstand diverse weather conditions, making them perfect for various outdoor applications. Seven Seas Stone Depot is dedicated to providing outstanding products at competitive prices, coupled with personalized service to foster lasting partnerships. With a streamlined supply chain and flexible delivery options, the company guarantees swift and efficient order processing. By collaborating with landscape architects, contractors, stone yards, and retailers, the company cultivates enduring relationships built on trust and shared success. Bulk pricing options for large orders further emphasize the company's commitment to delivering maximum value to clients, regardless of project size. Depot is poised to become the preferred supplier of premium stone products nationwide. The polished pebbles from Seven Seas Stone Depot are not only visually appealing but also highly durable and require minimal maintenance. These stones are perfect for enhancing garden beds, pathways, water features, and other outdoor decorative elements. Whether clients are involved in large commercial projects or small residential landscapes, the service is available to assist with timely delivery and expert advice.Media ContactAlex Xiao50176680532151 Manana Dr, Dallas TX 75220 Source :Seven Seas Stone Depot ```
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Liner Entertainment Group Signs Chaz Haymond aka “KXNG DOPE,” Los Angeles Artist/Actor and Public Figure
Liner Entertainment Group has signed Los Angeles-based actor, artist, and public figure Chaz Haymond, also known as "KXNG DOPE," to an exclusive management contract.Houston, Texas Apr 1, 2025 - The Houston-based talent management firm has signed Los Angeles actor, singer, and public figure Chaz Haymond, professionally known as "KXNG DOPE". KXNG D.O.P.E. is a versatile hip-hop artist, actor, dancer, athlete, and model from Los Angeles, CA. With a multifaceted career spanning music, entertainment, and community involvement, KXNG D.O.P.E. has established himself as a prominent rising talent. Recognized for his captivating performances and significant collaborations, KXNG D.O.P.E. has partnered with renowned brands like Coca-Cola, Calvin Klein, Death Row Records, Ethika, and HBO, demonstrating his adaptability and extensive influence. His music combines imaginative artistry with genuine street credibility, earning him recognition in both the music industry and beyond. As a dedicated advocate for youth and community advancement, KXNG D.O.P.E. actively engages in high school outreach initiatives in collaboration with Power 106 FM Radio. Each week, he connects with students and faculty through basketball games, where he not only competes but also performs during halftime, providing an unforgettable experience for the future generation. Whether performing on stage, appearing on screen, or playing on the court, KXNG D.O.P.E. consistently inspires through his commitment to his craft and his dedication to giving back to the community. Dianna Liner, also known as "Mama D," and her team at Liner Entertainment Group will oversee the day-to-day management of KXNG DOPE's career. The Liner Entertainment Group team will focus on various aspects, including booking performances, handling public relations, and submitting him to record labels for potential signing opportunities. Learn more about this amazing superstar by visiting the following links. Follow him on Instagram. Media ContactLiner Entertainment Group Inc832-510-8470 Source :Liern Entertainment Group
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Axllo Back Scrubber Set to Debut on Kickstarter April 3rd
` tags. Revolutionizing Personal Care with a Smarter, More Effective Shower Solution Dover, Delaware Apr 1, 2025 - Axllo Amazing Products is excited to announce the upcoming launch of the Axllo Back Scrubber on Kickstarter, a groundbreaking product set to redefine your shower experience. Forget about struggling to reach those difficult areas – now you can enjoy a simple and complete 360° clean! Our uniquely designed scrubber brings a spa-quality treatment to your own bathroom. Key Features of the Axllo Back Scrubber: ... 100% BPA-Free, Food-Grade Silicone- Safe, gentle on skin, and hygienic. ... Superior Grip & Flexibility- Designed for ease of use, even when your hands are wet. ... Hygienic & Durable- Made to last and easy to keep clean. ... Deep Cleansing & Massage Effect- For healthy, refreshed skin. ...Exclusive Early Bird Discounts of 60%! Backers on Kickstarter will get access to special limited-time offers and pricing, so be sure to get in early! Launch Date: April 3rd, 2025 Kickstarter Link: Or Axllo Amazing Products is dedicated to creating innovative, top-tier personal care products. Support our Kickstarter campaign and elevate your shower routine!Media ContactAXLLO PRODUCTS+91-9380008946No. 34, 1st Cross, 7th Block, Nagarabhavi 2nd Stage Source :Axllo Technologies Limited
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KLARM Expands Operations to Meet Growing Demand in Manufacturing Automation
Guangzhou, Guangdong Apr 1, 2025 - As industries worldwide adopt smart factories and advanced production lines, KLARM Precision Machining is significantly expanding its operations to support this evolution. The company has announced a major increase in its capabilities to address the growing demand from the manufacturing automation sector, now a key element in global industrial advancement. Leveraging decades of experience in , KLARM is enhancing its services to fulfill the precise requirements of manufacturers creating automated machinery, robotic systems, sensor technologies, linear motion solutions, and intelligent factory equipment. The company's recent investments in technology, workforce training, and automated processes will improve its ability to serve clients in sectors such as automotive, healthcare, logistics, aerospace, consumer electronics, packaging, and food processing. As industries transition to Industry 4.0 and intelligent manufacturing, companies developing automation hardware are seeing rapid growth. These manufacturers depend on suppliers who can provide high-accuracy, complex machined parts on schedule and within specifications, particularly as lead times decrease and product development becomes faster. KLARM is experiencing higher demand for components like: Robotic arm joints, gears, and motor mounts, Actuator housings and linear rail guides, Precision shims, fasteners, bushings, and alignment pins, Sensor cases, mounting hardware, and connector interfaces, Custom aluminum frames, control panel enclosures, and base structures. "The move towards automated production is changing factory operations globally," said Jacky, CEO of KLARM. "We understand that every robotic cell, conveyor system, and smart inspection station relies on numerous . We are dedicated to supporting this trend." KLARM has implemented a new array of multi-axis CNC machining centers, including 5-axis machines for intricate, multi-sided parts, Swiss-type CNC lathes for small, high-precision components, and Horizontal and vertical machining centers for large, flat parts and high-volume production. These machines have increased KLARM's production capacity, shortened turnaround times, and enabled simultaneous prototyping and full-scale manufacturing, allowing the company to support clients throughout the entire development process. KLARM is actively growing its technical team, hiring mechanical engineers specialized in automation, CAM programmers, and quality control inspectors. Internal training programs ensure that team members are prepared to understand customer-specific tolerances, GD&T standards, and the mechanical connections common in automation systems. New CMMs (Coordinate Measuring Machines), optical scanners, and in-line measurement systems allow for: 100% inspection of high-value automation parts, Real-time quality control for large production runs, and Certification-ready documentation for critical assemblies. KLARM is already working with an increasing number of automation system builders, robotics integrators, and industrial technology startups to provide high-performance components for: Collaborative robots (cobots) and industrial robotic arms, Automated packaging and quality control systems, Custom jigs, fixtures, and nests for assembly lines, Smart conveyors, rotary indexing tables, and pick-and-place units, Medical automation solutions and lab automation. These companies depend on KLARM for fast turnaround, responsive engineering support, and the ability to handle both single prototypes and large production volumes. "Many of our clients are pioneering new automation technologies," said Jacky. "They require partners who understand the importance of rapid iteration, who can machine very complex parts, and who can scale production rapidly as their products enter the market. KLARM is structured to meet these demands." KLARM machines a wide variety of materials essential for automation systems, including: Aluminum alloys (6061, 7075) - for light structural parts and housings, Stainless steel (304, 316, 17-4PH) - for corrosion-resistant shafts, pins, and frames, Engineering plastics (Delrin, PEEK, nylon, ABS) - for sensor mounts, bushings, and electronic housings, Brass and copper - for electrical contacts and connector components, Tool steels and hardened alloys - for durable, high-stress parts. The company provides tight tolerances (±0.01 mm), surface treatments (anodizing, powder coating, polishing), and secondary assembly services, all critical for automation applications. KLARM considers its growth in the manufacturing automation sector a key component of its long-term strategy. The company is pursuing Achieving ISO 9001 and ISO 13485 certifications, developing automation-focused supply chain alliances, enhancing its digital quoting and order tracking platforms for improved customer experience, and participating in global automation trade shows and technology conferences to maintain a leading-edge position. "We see smart automation as more than a trend—it’s the bedrock of modern manufacturing," said Jacky. "KLARM’s goal is to be a vital, behind-the-scenes partner, providing the precision and reliability our customers need to build the factories of tomorrow." KLARM Precision Machining is a leader in high-quality , including prototyping and small to medium production runs. For over 20 years, KLARM has served clients in aerospace, automotive, medical, robotics, energy, and automation, delivering components that meet the highest standards for precision and dependability. With a combination of advanced machinery, technical expertise, and a commitment to client satisfaction, KLARM supports companies from initial concept to full-scale production.Media ContactKlarm Group LimitedLanny LarmPanyu, Guangzhou, Guangdong, China Source :Klarm Group Limited ```
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Fosun’s Stable Fundamentals Support its Clear Growth Path
HONG KONG, Apr 1, 2025 - (ACN Newswire via SeaPRwire.com) - Fosun International (HKEX: 0656), which is committed to advancing its core business-focused and business streamlining strategy, announced its 2024 annual results on 30 March.According to the results announcement, in 2024, Fosun International’s total revenue reached RMB192.14 billion, representing a slight decrease of 3.1% from 2023. Its four core subsidiaries – Yuyuan, Fosun Pharma, Fosun Insurance Portugal, and Fosun Tourism Group (“FTG”) – generated a total revenue of RMB134.65 billion, accounting for 70.1% of the Group’s total revenue. Due to a one-off book loss related to an individual investment during the reporting period, the Group’s loss attributable to owners of the parent for the year amounted to RMB4.35 billion.“In the past year, we sustained steady growth momentum and demonstrated robust resilience in the face of global economic fluctuations and market challenges. We continuously advanced our core business-focused and business streamlining strategy by divesting non-core assets and heavy assets to focus on core operations, reduce debt, and optimize our capital structure. In the course of asset divestment, the adjustment in the carrying value of an individual investment impacted our 2024 financial performance. Nonetheless, Fosun’s overall operational fundamentals remain stable, the core businesses are under healthy development, and the industrial operation profits and operating cash flows stay healthy and stable,” Guo Guangchang, Chairman of Fosun International, stated in the letter to shareholders.CITIC Securities released a research report based on Fosun International’s 2024 annual results on 30 March, stating that the company’s industrial operations remain stable, while the loss is mainly attributable to the one-off impairment from its investment. In fact, excluding the one-off non-cash impairment loss, Fosun International’s profit attributable to owners of the parent for 2024 amounted to RMB750 million, and the industrial operation profit, which reflects Fosun’s fundamentals and growth potential, reached RMB4.9 billion.Additionally, Fosun’s financial position remained sound. As at the end of 2024, the total debt to total capital ratio was 52%, and cash and bank balance and term deposits amounted to RMB106.34 billion, representing an increase of approximately RMB13.88 billion from the previous year. Healthy debt ratios and strong liquidity buffer not only strengthen the company’s resilience against risks but also enhance its ability to seize development opportunities.“We believe that our clear strategic focus and robust industrial operational capabilities are the key to driving Fosun’s long-term steady growth,” Guo Guangchang said.Pursuing “strategic advancements and exits”, further deepening focus on core industriesSince last year, Guo Guangchang has summarized Fosun’s current strategy as “strategic advancements and exits” on multiple occasions. He noted that in the past few years, Fosun has mainly prioritized “exit” to streamline its business. However, starting in 2024, it has placed greater emphasis on “strategic advancements and exits”. By pursuing “advancements” in core operations, it has leveraged development to address challenges.The results announcement indicated that from 2022 to 2024, Fosun completed the divestment of approximately RMB75.0 billion of non-strategic and non-core assets. In 2024, the signed asset divestment amounted to approximately RMB17.5 billion equivalent at the group level, and approximately RMB30.0 billion equivalent at the consolidated level.Fosun’s steadfast commitment to divesting non-strategic and non-core assets has not only strengthened its liquidity buffer, but also provided robust support for accelerating its focus on core industries, including health, tourism and culture, consumption, and insurance.In 2024, Fosun continuously pursued advancements in core businesses. In the health business, Fosun Pharma increased its stake in Fosun Kairos to 100%, further focusing on the research and development (“R&D”), manufacturing and commercialization of CAR-T cell therapy. In the tourism and culture business, the ULTRAMED Hainan project in Sanya was officially launched. FTG also signed an asset-light operation agreement for the Jinsha Bay project in Shenzhen, marking the launch of the first Club Med in the Greater Bay Area. In addition, the Taicang Alps Resort Phase II project is about to commence, it is developed by Taicang municipal government platform and managed by FTG. In March 2025, FTG successfully completed its privatization, providing the company with greater flexibility and efficiency in accelerating its asset-light transformation.According to the 2024 financial results, the four core subsidiaries, which contributed more than 70% of Fosun’s total revenue, delivered solid performance. Among which, Fosun Pharma achieved operating revenue of RMB41.07 billion and net profit attributable to shareholders of RMB2.77 billion, representing a year-on-year increase of 16.08%; Fosun Insurance Portugal’s total gross written premiums reached EUR6.17 billion and net profit reached EUR173.5 million; FTG achieved sustained profitability, with Club Med’s business turnover reaching a record high of RMB16.15 billion, while Atlantis Sanya’s business turnover remained at a high level; despite the impact of structural adjustments in the domestic consumption patterns, Yuyuan lowered its asset-liability ratio to 67.82% through active adjustment. The company also boasted ample cash on hand of RMB10.69 billion, positioning it for future growth.It is worth noting that after years of accumulation and cultivation, Fosun’s two domestic insurance companies have ushered in a period of rapid development. The total premium income of Pramerica Fosun Life Insurance surged from RMB4,346 million in 2023 to RMB9,251 million in 2024, while Fosun United Health Insurance also experienced steady growth in premium income, and both companies achieved profitability. In 2024, the profit attributable to owners of the parent of the insurance segment was RMB1.716 billion, representing a significant increase of 117% year-on-year.“We have integrated Fosun’s profound industry expertise, extensive investment experience, and high-quality commercial resources with the operations and investments of insurance companies, forming a three-dimensional “insurance + industry + investment” flywheel-driven strategy.” Guo Guangchang believes that the collaborative growth of Fosun’s domestic and international insurance companies and various industries has laid a strong foundation for Fosun’s flywheel-driven strategy.Unlocking value through core capabilities in “globalization + innovation”Thanks to its two core capabilities in globalization and innovation, Fosun has steadily developed its core businesses while pursuing strategic advancements and exits.In 2024, Fosun continued to deepen its business presence in more than 35 countries and region in the world, consolidating its global operational capabilities. Building on a high base from the previous year, its overseas revenue for 2024 grew 6.2% year-on-year to RMB94.78 billion, and the proportion of overseas revenue further rose to 49.3%.It is believed that amid the rising de-globalization trend, Fosun’s globalization capabilities are becoming increasingly scarce, and its high-quality global operations are emerging as a powerful engine for new round of growth.In 2024, Fosun’s innovative biopharmaceutical platform, Henlius, became a key player in the overseas expansion of Chinese innovative drugs. During the reporting period, Henlius’ overseas product sales revenue surged 30.76% compared to the previous year. HANSIZHUANG, the world’s first anti-PD-1 monoclonal antibody for the first-line treatment of small cell lung cancer, independently developed by the company, was approved for marketing in the European Union, extending its reach to more than 30 countries and regions; HANQUYOU was approved for marketing in the U.S. and Canada, embarking on a new journey of commercialization in North America; HANLIKANG, the first biosimilar approved in China, was approved for marketing in several countries in Latin America including Peru; HANBEITAI was approved for marketing in Bolivia. Henlius now has four self-developed and self-manufactured products approved for overseas marketing. Benefiting from the ongoing market expansion of key products, Henlius achieved operating revenue of approximately RMB5.72 billion and net profit of RMB820.5 million in 2024, representing a substantial increase of 50.3% year-on-year.Leveraging Fosun’s global ecosystem, Hainan Mining has accelerated its global resource strategy, successfully acquiring one overseas project each year for the past three years. During the reporting period, Hainan Mining completed the acquisition of oil interests in four oil blocks in the Sultanate of Oman and initiated the acquisition of two producing zirconium-titanium mines in Mozambique, planning to further increase its investment in Africa while entering the promising small metals and rare-earth industries. In addition, as at March 2025, the first phase construction of the project Bougouni lithium mine in Mali Africa had met the conditions for continuous and stable production. In 2024, Hainan Mining’s overseas subsidiaries achieved revenue of RMB1,968 million, accounting for 48% to the total revenue. Driven by the globalization strategy, the company reported a net profit attributable to shareholders of RMB706 million, representing a year-on-year increase of 12.97%, and a net profit excluding non-recurring gains and losses of RMB680 million, representing a significant increase of 23.72% year-on-year.Among overseas member companies, Fosun Insurance Portugal has continued to consolidate its leading position in the local market while fully leveraging Fosun’s “global organization + local operations” capabilities, achieving double-digit growth in international business. In 2024, its overseas revenue reached EUR1.84 billion and the proportion of international business rose to 29.8%.Following the successful overseas debut of Fosun’s iconic cultural IP, the Yuyuan Garden Lantern Festival, in Paris, France from late 2023 to early 2024, it has embarked on another overseas journey in 2025. In January 2025, the Yuyuan Garden Lantern Festival themed lantern installation made a stunning appearance in Hanoi, Vietnam, commemorating the 75th anniversary of the establishment of diplomatic relations between China and Vietnam. This year, it will also be featured in Thailand, continuing to showcase the charm of oriental culture globally.In Guo Guangchang’s view, innovation and globalization are complementary and are the most important pillars of Fosun. In 2024, Fosun’s investment in technology innovation reached approximately RMB6.9 billion. At present, it has established more than 20 global technology innovation centers covering various industries and fields, continuously fostering the launch of new technologies and products.In terms of R&D of innovative drugs, a total of 16 indications of 7 innovative drugs/ biosimilars independently developed and licensed-in by Fosun Pharma were approved for launch. In terms of medical devices and medical diagnosis, the Ion Robotic Bronchoscopy (“Ion System”) of Intuitive Fosun, and F-i6000 Automated Chemiluminescence Immunoassay Analyzer, F-C2000 Fully Automated High-Speed Chemiluminescence Analyzer, and Cytokine Detection Reagent (Chemiluminescence Method), which were independently developed by Fosun Pharma, were all approved for launch in Chinese mainland. During the reporting period, the pharmaceutical manufacturing segment of Fosun Pharma submitted 220 patent applications, including 3 American patent applications, 18 PCT applications, and Fosun Pharma has obtained 66 licensed invention patents authorization.Facing the burgeoning AI trend, Fosun has accelerated its development around its core businesses, deeply integrating AI technology into its diverse scenarios to drive innovation and enhance efficiency. For instance, Fosun Pharma launched the PharmAID decision intelligence platform, which supports accurate and efficient decision-making to accelerate and improve drug R&D; Sisram is exploring the use of AI for precise skin analysis and personalized skin care solutions; the ULTRAMED Hainan project in Sanya is set to create the world’s first AI-themed resort by utilizing AIGC technology for guest room customization and introducing the digital human G.O (Gentle Organizer) service to enhance tourist experience.“Looking ahead, we will further deepen our focus on core industries. By leveraging our globalization and innovation capabilities, we are confident in our ability to maintain steady development, creating long-term, stable value for our shareholders,” Guo Guangchang said. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Wuling Motors (00305.HK) Achieves a Surge of 115.6% in Net Profit Attributable to Shareholders for 2024
HONG KONG, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - Wuling Motors (00305.HK), a leading manufacturer of automotive components and commercial vehicles assembly in China, announced its full-year results for 2024 on March 25. Driven by the increased proportion of sales from high-margin products in the automotive components and other industrial services division, Wuling Motors recorded a net profit of approximately 111 million yuan (RMB, same hereinafter) for 2024, representing a 60.2% year-on-year increase. The profit attributable to the owners of the company surged by 115.6% year-on-year to 50.62 million yuan.Core Business Growth Exceeds Expectations with Multiple Notable Breakthroughs in Incremental MarketsIn 2024, Wuling Motors achieved revenue of 7.95 billion yuan, with the automotive components and other industrial services division, the vehicles’ power supply systems division, and the commercial vehicles assembly division accounting for 69%, 22% and 9%, respectively.Specifically, the automotive components and other industrial services division recorded revenue of approximately 5.46 billion yuan. The increase in the proportion of high-margin product sales, coupled with higher government subsidies, led to an operating profit of approximately 154 million yuan, representing a 68.3% year-on-year surge.In 2024, Wuling Motors focused on deepening its existing business with its key customer - SAIC-GM-Wuling, while actively expanding externally. It successfully secured component supply transactions for multiple new vehicle models, serving as the exclusive supporting supplier for products such as electric seat switches and combination switches.Meanwhile, Wuling Motors pursued multiple breakthroughs in external markets, actively expanding its power battery product offerings and securing incremental market opportunities with OEMs such as Dongfeng Mengshi, FAW Jiefang, Chery Automobile, and Geely Automobile.A newly constructed and operational base in Jingmen, Hubei has seized the opportunity presented by Great Wall Motor’s production ramp-up to maintain rapid growth. In 2024, the base achieved revenue of approximately 729 million yuan, representing an exceeded 100% year-on-year increase; In terms of product development, the company completed the expansion of its second ultra-high-strength steel tube thermoforming production line within the year and successfully secured incremental customer orders from Great Wall Motor and BYD.Furthermore, Wuling Motors has successively undertaken the production of SAIC Maxus rear axles, BYD FinDreams Powertrain spiral bevel gears, and Dola Vehicle subframes, among other components, with the cumulative production and sales volume of new energy vehicle rear axles exceeding 1.5 million units. At the same time, Wuling Motors has actively capitalized on emerging opportunities in the new energy supporting market, successfully developing and optimizing products such as the new generation of new energy electric rear axles, integrated three-in-one motors and electric control systems, range extenders, power supply systems, and differential locks. Multiple new energy electric car axles have been successfully supplied for the electric drive axle and range extender projects of Great Wall Motor, JAC, and others. Notably, the first commercially deployed axial electric drive axle for the Changan Kaicene market has entered mass production.For the automobile power supply systems business, the division’s revenue for 2024 was approximately 1.74 billion yuan. Throughout the year, the power supply systems division maintained proactive communication with customers and enhanced its ability to manage planned orders, taking measures to reduce inventory and improve efficiency while ensuring customer demand was met. The casting business broke through adversity, continuing to expand its growth points, and successfully securing new market supply orders from the customer Changyuan Hero City, with the division’s total casting sales reaching 1.18 million units for the year, representing a 25% year-on-year increase.In addition, relying on the project platform management advantages, Wuling Motors’ power supply systems business focused on core projects such as the H15TD+DHT hybrid assembly architecture platform, the integrated three-in-one electric drive system, and high-pressure casting, to promote the construction of new energy projects with customers such as Skyworth, DFLZ, Zoomlion, and Senptec Electronics. It actively developed the new energy customer market with companies such as JAC, YC SIMLAN, Hebei Zhongxing, Geely Farizon, Chery Commercial Vehicles, Xpeng Motors, and Leapmotor. At the same time, it seized opportunities in overseas markets, with a focus on advancing projects such as the LJ481Q6 matching JAC M4 export (to Gulf countries), the overseas CLT flexible fuel hybrid project, and the Wuling Technology MSR project, to lay a solid foundation for overseas development.The commercial vehicles assembly business recorded a revenue of approximately 718 million yuan in 2024. Benefiting from the implementation of cost control measures, the operating profit reached approximately 75.92 million yuan. In line with the company’s strategy, the division continued to seek business breakthroughs in high-value-added niche markets.The development of the new energy vehicles business from the joint venture Wuling New Energy was favorable in 2024, achieving sales of over 14,000 units, a year-on-year increase of over 41%, and generating revenue of 1.02 billion, a year-on-year increase of 29.5%. Within the year, Wuling New Energy launched multiple products, and the Golden Mini Truck, which was launched in November, ranked third in the market for micro-small trucks with single rear wheels, positioning it among the top in the commercial vehicle market. Overseas, more than 800 units were exported to Japan and South Korea, representing a 58% year-on-year increase.Fully Supporting the Group’s Automobile Industry Ecosystem through New Growth Engines Created by Transformation and UpgradingWhile actively developing its core business, Wuling Motors is also undergoing continuous transformation and upgrading to expand into new businesses and foster new growth momentum. In 2024, Wuling Motors increased its investment in R&D to accelerate the development of its new energy business. The company also established an innovation center in Hong Kong and signed cooperation agreements with Hong Kong Polytechnic University, The Chinese University of Hong Kong, and the Hong Kong Applied Science and Technology Research Institute’s XR intelligent project to build an innovation ecosystem.2025 marks the inaugural year of the “LINXYS Project”, formulated by Guangxi Automobile Group Co., Ltd., the parent company of Wuling Motors, for the entire group. Guangxi Automobile Group plans to increase investment between 2025 and 2027 to fully promote the development blueprint centered around the “LINXYS Project” and the “131 Strategy”.The “131 Strategy” refers to 1 complete vehicle brand – the creation of the “Linxys” new energy vehicle brand; 3 national-level manufacturing champions: the national champion in small and medium displacement energy-efficient hybrid power systems, the national champion in lightweight drive axles, and the national champion in automotive frames; 1 automotive industry ecosystem: an automotive ecosystem led and operated by Guangxi Automobile Group.Mr. Yuan Zhijun, Chairman of Wuling Motors’ board of directors, stated, “The company will actively cooperate with Guangxi Automobile Group to accelerate the implementation of the ‘Linxys Project’ plan, speed up the conversion and application of scientific research results, improve the product portfolio, enhance product quality, actively expand domestic and overseas markets, and provide users with more valuable and environmentally friendly products. Under the leadership of the ‘Linxys Project’, the company is confident in achieving stable and positive operating results to allow shareholders to share in the development achievements.” Copyright 2025 ACN Newswire via SeaPRwire.com.
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CALB (3931.HK) Announces 2024 Annual Results
HONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - On March 26, CALB Group Co., Ltd. ("CALB" or "the Company," stock code: 3931.HK) announced its audited annual results for the year ended 31 December 2024 (the "Reporting Period").In 2024, with increasing economies of scale, the Company achieved solid growth in annual results. During the Reporting Period, the revenue of the Company increased from RMB27,005.89 million for the year ended 31 December 2023 to RMB27,751.53 million for the year ended 31 December 2024, representing an increase of 2.8%; the Company’s profit for the year increased from RMB437.16 million for the year ended 31 December 2023 to RMB843.63 million for the year ended 31 December 2024, representing an increase of 93.0%. The basic earnings per share of the Company increased from RMB0.1661 for the year ended 31 December 2023 to RMB0.3336 for the year ended 31 December 2024, representing an increase of 100.8%.As a leading international new energy company, the Company made comprehensive efforts in all market fields during the Reporting Period and achieved sustained rapid development. According to the latest statistics from SNE Research, the Company’s installed capacity of EV batteries in 2024 ranked fourth globally and third domestically. According to InfoLink, the Company’s energy storage cell shipments ranked fifth globally in 2024.In 2024, the Company deepened collaboration in domestic markets, achieving steady growth in installed capacity. During the Reporting Period, the Company’s solutions were integrated into 25 new vehicle models, cumulatively equipping over 2 million units nationwide, with an accumulated delivery volume exceeding 100GWh. In the field of pure electric vehicle, the Company successfully supported the upgrade, iteration, and mass production of flagship models for customers such as XPeng, Geely, Changan and GAC. Furthermore, the Company realized delivery in batches of new models for multiple joint venture brand, advancing the construction of a multi-dimensional market system; In the hybrid electronic field, the Company has accelerated collaboration on new hybrid projects with Geely and Leapmotor, while successfully supported the mass production of multiple hybrid models for customers such as Chery, Dongfeng, and BAIC, with the Company’s installed capacity continued to experience rapid growth, with a year-on-year increase of nearly 200%; In addition, in the international market, the Company accelerated its global layout and secured nominations from international brands such as Toyota, Honda, Volkswagen, and Audi, while continuously expanding its customer base in Europe and Southeast Asia. During the Reporting Period, the Company’s delivery volume steadily increased, with a growing variety of product types delivered. The Company’s overseas installed capacity grew by 105% year-on-year, hitting another record high. Furthermore, in the commercial vehicle market, the Company’s Annual New Vehicle increased by 150% year-on-year, while its domestic installed capacity grew by 85.2% compared to the same period last year, achieving comprehensive coverage of mainstream products and full-scenario empowerment. The Company has successfully penetrated leading customers such as Chery, Geely, Ruichi, Foton, Dongfeng, Changan, and King Long, providing comprehensive support and delivery for the industry’s mainstream models.In the energy storage market, the Company’s energy storage cell shipments surpassed 5GWh in a single month, and the business results in terms of shipments achieved a sustained substantial growth. The Company’s 314Ah battery cells products are the first in the industry to pass certification and the first to achieve large-scale and stable delivery in batches, earning high customer recognition for both product quality and delivery capabilities. During the Reporting Period, the Company achieved major breakthroughs in the international market, completed the admission process with a number of international top energy storage owners, EPCs, integrators and suppliers, enlisted in the whitelist of these customers, achieved the delivery in batches. As a supplier of high-performance energy storage cells, the Company secured and delivered the entire 7.8GWh order for the world’s largest energy storage project in 2024, and successfully launched its first self-invested power station project. At the same time, the Company's achievements in the ship market are equally significant. the Company secured the first electric vessel project from the world’s largest oil company. Additionally, the Company won its first international order for a megawatt-level marine battery system, achieving a breakthrough in the “offshore engineering vessel” sector. The Company’s electric vessels also gained traction with batch orders at Singapore’s port, while successfully penetrating the high-end yacht market in the United States.Steering rapid development by innovation, the Company adheres unwaveringly to the strategy of consolidating its leadership in products and technologies. Propelled by a future-oriented R&D layout, the Company pushes forward the constant advancement of battery technology from multiple dimensions such as innovations in materials, structures, manufacturing as well as systems, whereby the Company possesses a number of leading technologies and products worldwide, and builds on hard-core product capabilities in all scenarios, thus bringing the development of the industry to a new height. In 2024, the Company has successfully launched new product series: “Top-tier”, “UltraRange”, “UltraLife”, and “Boundless”. These products feature comprehensive innovations and advancements in high energy density, enhanced safety, extended lifespan, ultra-fast charging, and all-weather performance, providing comprehensive and valuable full-scenario product solutions to the market and its customers. Meanwhile, putting together its own technical capabilities and industrialization strength, the Company constantly pursued the high energy density and stable safety performance of EV batteries, launching more competitive new products of ternary series and phosphate series. The Company continued to maintain its product leadership by devoting its efforts in power energy storage (new energy power generation and power grid), industrial and commercial energy storage, household energy storage and other application scenarios.About CALBCALB is a new energy enterprise specializing in the research, production, sales, and market application development of lithium batteries, battery management systems, and related integrated products and lithium battery materials. As Battery Expert, we aim to build a comprehensive energy operation system, to provide complete product solutions and full life-cycle management for the new energy application market, represented by power and energy storage.Currently, CALB has completed an all-round layout in domestic by setting up industrial bases in Changzhou, Xiamen, Wuhan, Chengdu, Hefei, Jiangmen and Meishan. Meanwhile, CALB has set up bases in Europe and ASEAN, vigorously expanding the layout all over the world to become a global leading enterprise with large-scale intelligent manufacturing capabilities. Copyright 2025 ACN Newswire via SeaPRwire.com.
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ENTERPRISE DEVELOPMENT ANNUAL RESULTS FOR THE YEAR 2024
Financial Highlights- Revenue was RMB408,585,000, representing an increase of 574% year-on-year;- Gross profit was RMB46,014,000, representing an increase of 77% year-on-year;- Net profit was RMB73,561,000, representing an increase of 1,835% year-on-year;- Closing cash and cash equivalents was approximately RMB160,575,000.HONG KONG, Apr 1, 2025 - (ACN Newswire via SeaPRwire.com) - Enterprise Development Holdings Limited (“Enterprise Development Holdings” or the “Company”, stock code: 1808.HK) announced the consolidated financial results of the Company and its subsidiaries (collectively referred to as the “Group”) for the year ended December 31, 2024 (the “Reporting Period”).In 2024, driven by emerging sectors such as artificial intelligence, digital industry of China maintained stable overall operations, with further enhancements in innovation capabilities. The pace of enterprises going global accelerated, continuously accumulating new momentum and advantages. The Group actively seized industry development opportunities, led with innovation and made steady progress. The Group continued to steadily expand its existing business while fostering new-quality productive forces, with a focus on the digital economy sector. The Group’s business layout and development have begun to bear fruit through phased achievements.During the Reporting Period, benefiting from the continuous development of the Group’s existing business, the Group secured and completed new contracts which involved integrated IT solutions, edge computing, intelligent computing and other data services. The Group recorded the revenue of approximately RMB408,585,000, representing an increase of 574% year-on-year. Driven by the significant rise in revenue and the increase in net gains from the sale of financial assets and fair value adjustments, net profit was approximately RMB73,561,000, representing an increase of 1,835% year-on-year.BUSINESS REVIEWIn 2024, the Group adopted a business-oriented approach to accelerate the construction of the “three chains and one circle” model, continuously reinforcing an innovation-driven, open and win-win digital economy ecosystem. Meanwhile, the Group combined its technological and capital advantages in a dual-chain approach to empower various sections across the industrial ecosystem and create new engines for business growth through means such as industrial incubation and investments.In terms of capital operation, the Group has established an industrial investment fund. Through means such as industrial incubation and investments, it aims to gather more premium resources, build new engines for business growth, and further solidify its leading position in the digital economy sector. In terms of investment, in 2024, Beijing Orient Legend Maker Software Development Co., Ltd. invested 15% equity interests in Beijing Longteng Haida Technology Development Co., Ltd. to expand market penetration in PRC’s enterprise sector, leveraging its expertise in cloud-based platforms and AI-driven tools to enhance operational efficiency for their customers.During the year of 2024, the software business was benefited from the all-round improvement in management to significant growth of in the year. During the Reporting Period, the Group continued to develop its existing business, and entered into and completed new contracts which involved integrated IT solutions, edge computing, intelligent computing and other data services. The overall revenue from its software business reached RMB407,756,000, representing a year-on-year increase of 579%.OUTLOOKAmid the wave of digital transformation, digital technology is integrating into every corner of socio-economic development, becoming a crucial engine driving accelerated urban economic growth and fostering high-quality industrial advancement. In the future, the Group will capitalize on its longstanding customer resources and product and service advantages to strengthen its foundations and consolidate existing businesses. In addition, the Group will proactively position itself for the development of new-quality productive forces catalyzed by a combination of factors such as cutting-edge scientific and technological breakthroughs, innovative allocation of factors of production and industrial transformation and upgrading, particularly in the digital economy sector, promoting the integration of digital and real economy, and driving business innovation and upgrades.To actively embrace the opportunities of the digital transformation era, the Group will continue to optimize and consolidate its first-mover advantages in the fields of data elements, data asset operations, AI computing and edge computing in the future. The Group will fully unleash the agglomeration effect of the industrial chain, dedicating long-term efforts to industrial chain integration and industrial ecosystem development. Leveraging the technological potential of big data, big models and high-performance computing power, the Group is committed to establishing itself as a service provider that concentrates on the digital economy sector, with a focus on data elements, data asset operations, AI computing and edge computing, aiming to provide customers with integrated digital technology solutions and create value for our shareholders.About Enterprise Development Holdings LimitedEnterprise Development Holdings Limited (“Enterprise Development Holdings” or the “Group”, stock code: 1808.HK) is committed to establishing itself as a service provider that concentrates on the digital economy sector, with a focus on data elements, data asset operations, AI computing and edge computing, aiming to provide customers with integrated digital technology solutions.The Group will adopt a business-oriented approach to open up and establish a “three chains and one circle” model: focusing on the overall synergy of the innovation chain, industrial chain and financial chain. The Group will continue to optimize and consolidate its first-mover advantages in the fields of data elements, data asset operations, AI computing and edge computing. The Group will fully unleash the agglomeration effect of the industrial chain, dedicating long-term efforts to industrial chain integration and industrial ecosystem development. Leveraging the technological potential of big data, big models and high-performance computing, the Group will facilitate the integration of digital and real economy, continuously driving business innovation and upgrades. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Eisai to Divest Rights for Pariet in China to Peak Pharma
TOKYO, Apr 1, 2025 - (JCN Newswire via SeaPRwire.com) - Eisai Co., Ltd. announced today that it has entered into an agreement to divest the rights for proton pump inhibitor Pariet® (generic name: rabeprazole sodium) in China to Beijing Peak Biology Pharmaceuticals Co., Ltd., a CBC Group-controlled company. Peak Pharma has commenced marketing activities, while Eisai will manage the transfer of manufacturing and marketing authorizations during atransition period.Under the terms of the agreement, Eisai will receive RMB725 million (approximately 15.7 billion JPY1) as contractual upfront payments, as well as the rights to receive a sales milestone payment. The upfront payments have already been recorded in the third quarter of Eisai’s fiscal year ending March 31, 2025.Eisai expects no changes to its consolidated financial forecast for the fiscal year ending March 31, 2025.Pariet is a proton pump inhibitor (PPI) discovered and developed by Eisai, approved in more than 100 countries and regions worldwide. Pariet was approved in China in 2000 and is indicated forgastrointestinal disorders including gastric ulcer, duodenal ulcer, and reflux esophagitis. With the conclusion of this agreement, Eisai believes that CBC Group’s proven 'investor-operator' approach and commitment to delivering quality healthcare to a wide range of patients will maximize the value of Pariet in China.The agreement will enable Eisai to strategically reallocate resources to other mid-to-long-term business growth areas so as to continue to make further contributions to address the diversified needs of, andincrease the benefits provided to, patients and their families.1 Exchange rate: 1 RMB = 21.67 JPY (as of December 31, 2024)About CBC GroupHeadquartered in Singapore, CBC Group is Asia's largest healthcare-dedicated asset management firm, with an AUMof US$9 billion. With a diversified, multi-product strategy, CBC Group is focused on platform-building, buyout, privatecredit and royalties, and real estate, across the healthcare space, including pharmaceutical, biotech, medical technology, and healthcare services. We are committed to creating lasting value by integrating global innovations andtalents. Partnering with the world's top entrepreneurs and scientists, our unique “investor-operator” approach has empowered leading healthcare companies to widen access to affordable medical care, catalyse innovations, and improve efficiencies in fulfilling unmet medical needs worldwide.For more information on CBC Group, please visit www.cbridgecap.com/. Connect with us on LinkedIn (CBC Group).Media Inquiries:Public Relations Department, Eisai Co., Ltd.+81-(0)3-3817-5120 Copyright 2025 JCN Newswire via SeaPRwire.com.
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Everbright Grand China Assets Recorded Revenue of RMB 45.9 Million in 2024
HONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - Everbright Grand China Assets Limited, a property leasing, property management and sales of properties held for sale company under China Everbright Group ("Everbright Grand China Assets" or the "Group", Hong Kong Stock Exchange stock code: 3699) today announced the annual results for the year ended 31 December 2024 (the "Year under Review").During the Year under Review, the Group's revenue was approximately RMB45.9 million (2023: approximately RMB46.8 million), representing a decrease of approximately 1.9% as compared to last year, mainly due to the decline in rental income. The profit attributable to equity shareholders of the Company amounted to approximately RMB25.3 million (2023: approximately RMB19.3 million), representing an increase of approximately 31.1% as compared to last year. The increase in profit was mainly due to foreign exchange (primarily including bank deposits denominated in currencies other than RMB) gains during the year. The basic earnings per share was approximately RMB0.06 (2023: RMB0.04). The Board has proposed to pay a final dividend of RMB1.05 cents per share (equivalent to HK1.14 cents) (2023:RMB0.60 cents) for the year ended 31 December 2024 and a special dividend of RMB0.34 cents per share (equivalent to HK0.37 cents) (2023: Nil). Together with the interim dividend of RMB0.78 cents per share, the full year dividend amounts to RMB2.17 cents per share (2023: RMB1.66 cents per share).As at 31 December 2024, the Group had current assets of approximately RMB239.9 million (2023: approximately RMB231.4 million). The increase in current assets was mainly due to the rise in cash and bank balances during the year. The Group had current liabilities of RMB19.9 million (2023: approximately RMB25.8 million). The decrease in current liabilities was mainly due to the reduction in rental income received in advance during the year.Property LeasingThe rental income from the Group?s property leasing business was approximately RMB30.5 million for the year ended 31 December 2024 (2023: RMB33.2 million). Due to the decline in the average rent per square meter (?sq.m.?) and the provision of rental subsidies to tenants, the total rental income decreased. The Group?s leasing properties are located in Chengdu, Sichuan Province and Kunming, Yunnan Province in the PRC. As at 31 December 2024, the Group?s property portfolio comprises three commercial buildings, namely Everbright Financial Center, part of Everbright International Mansion and Ming Chang Building, with a total gross floor area (?GFA?) of approximately 89,507 square meters.Property Management ServiceThe Group provides property management services for its properties, namely Everbright Financial Center and Everbright International Mansion. Revenue from the Group?s property management services was approximately RMB15.4 million for the year ended 31 December 2024 (2023: RMB13.5 million). During the year, the increase in revenue from property management services was due to the increase in restaurant income. As at 31 December 2024, the total GFA under the Group?s management was 72,534 sq.m.Investment PropertiesThe Group's investment properties primarily consist of land and/or buildings which are owned or held under a leasehold interest to earn rental income and/or for capital appreciation. As at 31 December 2024, the fair value of the investment properties was RMB967.1 million (2023: RMB959.5 million), representing an increase of approximately 0.8%. For the year ended 31 December 2024, the valuation gain on investment properties amounted to approximately RMB6.6 million (2023: approximately RMB5.3 million).PROSPECTSLooking back at 2024, the global economy is on its way to resuming normalcy after experiencing two consecutive years of slowdown. However, the growth rate remains relatively weak, and the growth momentum is cooling down. Nevertheless, in the first half of 2024, the Chinese economy started off on a positive note. Despite the weakened growth momentum, the relatively steady Chinese economy has been supported by a continuous improvement in economic conditions.With the slowdown in real estate market investment, the area of new housing starts, the area of housing completions and the sales area of newly built commodity houses have continued to slow down, thereby affecting the growth rate of the property management industry. The development strategy of property management enterprises has undergone significant changes, with future growth in management scale no longer being the core focus, and the emphasis gradually shifting towards service quality and value-added business.The Group's commercial properties have been relatively less affected by the fluctuations in the real estate market over the past year, with tenants and lease agreements, as well as rental rates, maintaining a relatively stable trend, enabling the Group to sustain a relatively stable performance in the market.Looking ahead, in the face of the current operating environment, the Group will continue to rise to the challenge, fully leveraging the synergy with its parent company, China Everbright Group, and capitalizing on the recognition of the "Everbright" brand to develop diversified value-added services. On the one hand, the Group will strive to increase revenue sources; on the other hand, it will actively enhance brand influence, seize opportunities during the industry adjustment period, further strengthen its capabilities, consolidate competitiveness and risk resistance, and aim to become a robust enterprise with long-term sustainable development. Despite the numerous challenges faced by the real estate and property management industry in 2024, the Group remains confident about the future due to policy support and the gradual recovery of the market. The Group will actively explore new development opportunities on the basis of stable operations to create greater value for the Company's shareholders. Copyright 2025 JCN Newswire via SeaPRwire.com.
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MHIEC Receives Order for Full Refurbishment of Waste Incineration Plant in Itoman City, Okinawa Prefecture
Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd (MHIEC), a part of Mitsubishi Heavy Industries (MHI) Group, has received an order from the Nanbu Wide-area Administration in Okinawa Prefecture for a full refurbishment of its Itotoyo Environmental Improvement Center (Tsukazato, Itoman City). The order calls for renovation of the facility's stoker type incinerator, capable of processing 200 tonnes per day (tpd) (Note1), to extend the plant's service life, enhance its energy efficiency, and reduce CO2 emissions. The contract is valued at 1.506 billion yen (tax excluded), with completion scheduled for March 2026.The Itotoyo Environmental Improvement Center was originally designed and constructed by MHI. On completion in March 1998, the facility incorporated two stoker type incinerators, each providing a processing capacity of 100 tpd, plus related equipment.The purpose of this project is to upgrade the main equipment of the aging water supply equipment, electrical instruments, and exhaust gas treatment equipment and enhance energy efficiency through the adoption of high-efficiency motors and transformers. A new steam turbine with a generating capacity of 295kW will be installed and effective use will be made of excess steam from the boiler to reduce electricity purchasing. The project aims to reduce annual CO2 emissions by 3% or more from the previous year. The durability of the exhaust gas treatment facilities will be improved and chemical usage will be reduced through the adoption of a proprietary Hybrid Bag Filter® (HBF) made of Polytetrafluoroethylene (PTFE) from MHIEC(Note2), which utilizes filter cloth used in dust collection filters, achieving world-leading removal of dioxins. This will also contribute to reduction of life-cycle costs (LCC).In recent years, there has been an increase in refurbishment work to extend the service life of waste-to-energy facilities and address climate change. To facilitate further work of this nature, the Ministry of the Environment has established subsidies for waste-to-energy facilities(Note3) for purposes such as assisting waste-to-energy facilities in the adoption of advanced equipment.MHIEC succeeded MHI's environmental protection business in 2008, taking over its accumulated technological development capabilities in environmental protection systems and abundant expertise in the construction, operation, and maintenance of waste management facilities both in Japan and overseas. Based on this robust track record, the company is well positioned to propose comprehensive solutions encompassing all aspects from plant construction to operation and maintenance. Based on this project and its past record, MHIEC will continue to seek order expansion through proactive offering of proposals for enhancing the efficiency of existing facilities, maintaining and improving the stability of operations, and lowering LCC.1A stoker furnace is the main type of waste-to-energy plant. Air is supplied from below a fire grate made of heat-resistant castings to propel the materials to be burned (waste, etc.).2Bag filter fibers are coated with a catalytic agent to maintain their standard function of removing toxic materials while improving their functionality through the additional ability to break down dioxin gases and NOx (nitrogen oxides).3Municipal governments seeking to extend the service life of their waste-to-energy facilities and implement climate change countermeasures are eligible for subsidies on projects that will reduce CO2 emissions (promoting the introduction of leading-edge facilities), or grants for establishing a sound material-cycle society, equivalent to one-half or one-third of project costs.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2025 JCN Newswire via SeaPRwire.com.