HONG KONG, Aug 29, 2025 - (ACN Newswire via SeaPRwire.com) - FWD Group Holdings Limited (“FWD Group” or “FWD”) today announced its interim results for the six months ended 30 June 2025.* New business sales were up 38 per cent to US$1.246 billion compared to 2024 on an annualised premium equivalent (APE) basis. New business contractual service margin (CSM) of US$794 million, with year-on-year growth of 34 per cent.* Operating profit after tax was up 9 per cent to US$251 million with continued positive contributions from each of the company’s four geographic reporting segments: Hong Kong SAR & Macau SAR; Thailand & Cambodia; Japan; and Emerging Markets.* Net profit of US$47 million is a record interim result under IFRS 17.* Further improved financial flexibility with an upgrade to FWD Group's ratings - with its notional insurer financial strength rating now A2 - as announced by Moody's in July 2025. Maintained a strong capital position with a 283 per cent solvency ratio* and net underlying free surplus generation that more than doubled to US$417 million. Dividends of over US$500 million were received from the geographic reporting segments. * Comprehensive tangible equity up 8 per cent to US$8.15 billion, and Group embedded value up 8 per cent to US$6.38 billion, reflecting the value created for shareholders during the first half of 2025. The company subsequently completed its IPO - which raised HK$3,611 million (approximately US$466 million) in gross proceeds – and began trading on 7 July 2025 under the stock code 1828 on the Hong Kong Stock Exchange.* Completed the build-out of a high-net-worth (HNW) hub in Asia operating out of three jurisdictions – Hong Kong SAR, Singapore and Bermuda – serving the global high-end insurance market with diversified asset allocation, wealth management and legacy planning. A new FWD Private lounge located in a prime commercial district in Hong Kong is now fully operational.Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, said, “We’re delighted to report record interim results under IFRS 17 in our first earnings as a publicly listed company. The outstanding growth in new business CSM demonstrates our ability to execute our customer-led strategy successfully across Asia in a sustainable and profitable way.“We intend to use the net proceeds of our recent IPO to further enhance our capital position and financial flexibility, which may involve reducing debt, in support of further growth and reach with customers, digital capabilities and channels,” added Huynh Thanh Phong.In Hong Kong SAR & Macau SAR, outstanding growth was posted in new business sales and new business CSM, reflecting ongoing broad-based demand from both local and Mainland Chinese visitor customers and the full activation of the FWD Private HNW business. The company continues to focus on its multi-channel distribution strategy alongside product innovation – such as its indexed universal life offering developed following recent regulatory guidance, as well as new cross-border Greater Bay Area medical services for eligible customers.The Thailand & Cambodia reporting segment new business indicators were partly impacted by the exit from underwriting new business in the Thailand corporate care segment in 2024. The business remains well positioned in Thailand to meet demand for protection, medical and pension products from an aging population. Its exclusive bancassurance partnership with Siam Commercial Bank maintained its number one market position. Similarly, the company’s agents and advisors retained a number two position in the annual Million Dollar Round Table (MDRT) rankings released in July 2025. The MDRT is a global independent association recognised as a standard of excellence in the life insurance and financial services industries.In Japan, the business reported solid new business results from its individual protection focused portfolio. The introduction of its first savings offering in July – a Japanese yen single premium annuity product – marked the company’s entry into the savings and retirement needs market.  The Emerging Markets segment reported strong new business sales growth, despite industry headwinds and economic uncertainty in several markets. In Indonesia, BRI Life – a joint venture where FWD Group holds a strategic 44 per cent investment and collaborates with Bank BRI – was number one in bancassurance by new business sales. In the Philippines and Vietnam, the company’s agents and advisors ranked number two in the latest annual MDRT rankings.  Six months ended31 Dec or 30 Jun  US$ millions, except for percentages20252024Growth(YoY CER basis)Profitability    Operating profit after tax        2512239% Net profit/(loss)473nm CSM balance5,9965,17411%Growth    New business sales (APE)1,24687638% New business CSM79457334% Value of new business50640421%Customer indicators    Purchase customer emotion – good or great92%92%n/a Claims customer advocacy – net promoter score6364n/aRisk & Capital    Net underlying free surplus generation417193115% Group local capital summation method coverratio*283% 260%n/aValue    Group embedded value6,3805,5698% Comprehensive tangible equity8,1507,1628% Return on tangible equity17%15%n/aAbout FWD GroupFWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 34 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828. For more information, please visit www.fwd.comFor media inquiries, please contact: groupcommunications@fwd.comSource: FWD Group Holdings Limited* The results are for the six months ended 30 June 2025 and are compared to the same period in 2024. CSM balance, Group LCSM cover ratio, group embedded value, comprehensive tangible equity and return on equity 2024 values are December 2024 balances/ratios and growth rates are shown accordingly. Growth rates are represented on a constant exchange rate (CER) basis. Except for operating profit/(loss) after tax (non-IFRS measure), net profit/(loss), CSM, and comprehensive tangible equity, all other numbers are unaudited. Operating profit after tax and net profit after tax represent the amounts attributable to equity holders of the company and are presented net of non-controlling interests. New business sales are calculated on an annualised premium equivalent (APE) basis, based on 100 percent annualised first year premiums and 10 percent single premiums. Return on tangible equity is calculated as operating profit after tax, divided by the average of the balances of tangible equity as of the beginning and end of such period. Tangible equity is calculated as adjusted total equity attributable to shareholders of the company, minus the intangible assets net of non-controlling interests.*Prescribed capital requirement (PCR) basis Copyright 2025 JCN Newswire via SeaPRwire.com.

HONG KONG, Aug 28, 2025 - (ACN Newswire via SeaPRwire.com) - SenseTime Group Inc. (“SenseTime” or the “Company”; Stock Code: 0020) announced its interim results today for the six months ended June 30, 2025 (“1H”).In 1H 2025, SenseTime delivered results that exceeded market expectations, with total revenue increasing by 36% period-over-period to RMB 2.4 billion. Generative AI revenue maintained high growth for the third consecutive year, rising by 73%. The adjusted net loss narrowed significantly both period-over-period and quarter-over-quarter, decreasing by 50% period-over-period. Trade receivable collections reached RMB 3.2 billion, up 96% period-over-period and marking a record high. As of 1H 2025, the Group’s cash reserves amounted to RMB 13.2 billion.In 1H 2025, the Group continued to deepen its “1+X” strategy and achieved substantive results, maintaining robust business momentum and further optimizing its structure. Under this framework, Generative AI and Computer Vision form the “1”, the Group’s core businesses and dual engines, while the “X” represents the X Businesses segment, which adopts innovation ecosystem incubation as its core strategy, focusing on four verticals: Smart Auto, Smart Healthcare, Home Robotics, and Smart Retail.Generative AI further increased its contribution to Group revenue to 77%. The multimodal capabilities of the SenseNova large model have reached the global forefront, with applications centered on two core scenarios, productivity tools and interaction tools, rapidly enhancing penetration and customer loyalty. Among these, the “Raccoon” series represents productivity tools, offering finance, education, and public service versions, and has surpassed 3 million users. In interaction tools, SenseNova V6.5 achieved the integration of text with audio and video, with multimodal real-time interaction hours increasing by 510% within the year. The Computer Vision segment re-ignited its growth curve, leveraging a high-quality customer strategy and leading market share to improve both profitability and cash flow. As of end-June 2025, the Computer Vision segment served more than 660 customers across China and international markets, with a long-term repeat purchase customer ratio of 57%. Overseas pipelines and new orders grew significantly period-over-period in 1H 2025.At the organizational level, SenseTime encouraged firm-wide entrepreneurship around its “1” and “X” businesses through a “Re-CoFound” organizational transition, creating a leadership structure with professionalism and diversity. Autonomous founding teams were appointed for each innovative business, enabling the “X” businesses to unlock operational vitality and capital market appeal following the strategic restructuring.Dr. Xu Li, Chairman of the Board and CEO of SenseTime, said, “Against the backdrop of China’s State Council announcing the “AI Plus” Initiative as a key policy, SenseTime has seized the opportunity for implementation and deepened its presence across industries. With Generative AI and Computer Vision as dual engines, SenseTime will build on its leadership in Computer Vision to capture the unprecedented opportunities brought by Generative AI and to create sustained value for employees, customers, and shareholders.”Key Highlights of the Company’s Business Operations in 1H 2025- The total revenue of the Group increased 36% period-over-period to RMB 2.4 billion, with growth momentum further accelerating compared to previous years. Adjusted EBITDA and adjusted net loss both improved significantly, narrowing by 72.5% and 50.0% period-over-period, respectively.- Trade receivable collections reached a record high of RMB 3.2 billion, up 96% period-over-period, while trade receivable turnover days shortened by 49% period-over-period.- Net cash outflow from operating activities narrowed significantly by 82% period-over-period, reflecting strengthened cash generation capability. The Group’s total cash reserves increased to RMB 13.2 billion, providing ample funding to support the Group’s focus on long-term strategic implementation.About SenseTimeSenseTime is a leading AI software company focused on creating a better AI-empowered future through innovation. We are committed to advancing the state of the art in AI research, developing scalable and affordable AI software platforms that benefit businesses, people and society as a whole, while attracting and nurturing top talents to shape the future together.With our roots in the academic world, we invest in our original and cutting-edge research that allows us to offer and continuously improve industry-leading AI capabilities in universal multimodal and multi-task models, covering key fields across perception intelligence, natural language processing, decision intelligence, AI-enabled content generation, as well as key capabilities in AI chips, sensors and computing infrastructure. Our proprietary AI infrastructure, SenseCore, integrates computing power, algorithms, and platforms, enabling us to build the “SenseNova” foundation model sets and R&D system that unlocks the ability to perform general AI tasks at low cost and with high efficiency.SenseTime has been actively involved in the development of national and international industry standards on data security, privacy protection, ethical and sustainable AI, working closely with multiple domestic and multilateral institutions on ethical and sustainable AI development. SenseTime was the only AI company in Asia to have its Code of Ethics for AI Sustainable Development selected by the United Nations as one of the key publication references in the United Nations Resource Guide on AI Strategies, and was published in June 2021.SenseTime Group Inc. has successfully listed on the Main Board of the Stock Exchange of Hong Kong Limited (HKEX). We have offices in markets including Hong Kong, Shanghai, Beijing, Shenzhen, Chengdu, Hangzhou, Nanping, Qingdao, Xi’an, Macau, Kyoto, Tokyo, Singapore, Riyadh, Abu Dhabi, Dubai, Kuala Lumpur and South Korea, etc., as well as presence in Germany, Thailand, Indonesia and the Philippines. For more information, please visit SenseTime’s official website or LinkedIn, X, Facebook and Youtube pages.  SenseTime Group Inc, https://www.sensetime.com [HKSE:00020][OTCPK:SNTMF] Copyright 2025 JCN Newswire via SeaPRwire.com.

HONG KONG, Aug 28, 2025 - (ACN Newswire via SeaPRwire.com) - The 44th HKTDC Hong Kong Watch & Clock Fair and the 13th Salon de TIME, jointly organised by the Hong Kong Trade Development Council (HKTDC), the Federation of Hong Kong Watch Trades & Industries Limited, and Hong Kong Watch Manufacturers Association Limited, themed “Our Time Our Moments”, are expected to attract over 650 exhibitors from 15 countries and regions, providing a one-stop sourcing platform for global buyers.Under the EXHIBITION+ hybrid model, the physical exhibitions will be held from 2 to 6 September at the Hong Kong Convention and Exhibition Centre. Salon de TIME is fully open for industry professionals and the public to visit and make purchases. Exhibitors and buyers can meet online through the Click2Match smart business matching platform between 26 August to 13 September.Number of participating brands hits post-pandemic highSophia Chong, HKTDC Deputy Executive Director, said: "As a globally renowned watch event, the Hong Kong Watch & Clock Fair and Salon de TIME continue to attract pavilions from France and Switzerland, as well as from Guangzhou and Taiwan. Additionally, exhibitors from Germany, Japan, Lebanon, and the Netherlands return with a range of uniquely designed watch products. The Salon de TIME features over 140 global brands, marking a new post-pandemic high. Aside from an increase in Hong Kong brands, there is also a rise in participating brands from Switzerland, France, and Germany, the three major watch-exporting countries in Europe. This high level of international representation underscores Hong Kong's advantage as an international business platform."According to the latest data, Hong Kong is the world's second-largest hub for watch imports and exports. In the first seven months of this year, the total export value was approximately HK$28.2 billion, with the decline narrowed from 8.2% during the same period last year to 2.7%, representing an improvement of 5.5 percentage points. Some individual markets recorded double-digit increases, including Brazil (+65%), France (+57%), Germany (+15%), and India (+35%). Additionally, the HKTDC Export Confidence Index for Timepieces rose from 51.2 to 52.1 in the second quarter, indicating the industry remains optimistic about the export outlook despite challenges.Distinctive niche brands and “Guochao” elegance at Salon de TIMESalon de TIME, located in the Hall 3FG, features six thematic zones, including the new zone Microbrands.  There are 12 unique niche brands offering watches that are both affordable and stylish. Other zones include World Brand Piazza, Renaissance Moment, Wearable Tech, Craft Treasure, and Chic & Trendy. Some of these brands provide on-site retail options, allowing the public to purchase their favourites. Also, this year the fair will welcome 18 brands from Mainland China and several independent watchmakers to present their “Guochao” series watches.World-renowned brands showcased at World Brand PiazzaSponsored by Prince Jewellery & Watch for the 15th consecutive year, World Brand Piazza remains a highlight of the exhibition. This year, the zone will feature 9 renowned international brands, including Baume & Mercier, Corum, CVSTOS, DeWitt, Kerbedanz, Montblanc, Peonia Diamond, Sarcar and Ulysse Nardin.The themed area showcases limited-edition and prestigious timepieces from top brands. For example, Corum is presenting the Golden Bridge Round 43 “Blue Sapphire”. a stunning new addition encased in 43mm of 18K white gold. The bezel is adorned with 96 baguette-cut blue sapphires, creating a vivid, luminous frame. At its heart beats the CO 113 hand-wound caliber—Corum’s signature linear movement—with 18k gold bridges and a 40-hour power reserve, visible through the sapphire crystal case.The Ulysse Nardin Freak One OPS wristwatch is cased in black DLC titanium, complemented by the special sunray-patterned barrel cover and bezel made of Carbonium®ï¸'. Freak ONE OPS’s calibre UN-240 Manufacture flying carousel movement is clearly visible. Power reserve up to 90 hours.Innovative sustainable materials cater to a new generationThe younger generation of customers increasingly values environmental, social, and governance (ESG) based products, prompting some watch brands to switch to recycled or sustainable materials. To make it easier for buyers to purchase products that meet environmental standards, this year's exhibition continues to feature a Green Solutions Suppliers label to identify over 20 selected exhibitors showcasing sustainable watches, including:German brand Lilienthal Berlin which follows the launch of the world's first watch with a case made from recycled coffee grounds last year, with a watch that features a dial made from recycled tea leaves, giving it a subtle tea fragrance.Hong Kong brand Memorigin presents the Genesis Series (Ocean Blue) tourbillon watch, featuring a polished metal case paired with an eco-friendly strap jointly created with Austrian strap manufacturer Hirsch. The strap is made from ocean recycled yarn, making it both stylish and environmentally friendly.Hong Kong brand Sunrex has launched a solar-powered watch inspired by space exploration, equipped with the Epson VS76A solar quartz movement. Once charged, it can run continuously for five months.Growing health consciousness creates opportunities for the watch industryIn recent years, the public's increasing focus on health and engagement in digital fitness has created new opportunities for the watch industry, driving the widespread adoption of smartwatches and sustaining growth within the industry. Featured products at the shows include:German brand Oskron has launched the Watch2Care “Western-Chinese Prevention” smartwatch, equipped with exclusive “Five Organs Digital Pulse Diagnosis” technology. Powered by data from 300,000 traditional Chinese medicine cases and advanced AI analysis, it helps users stay on top of their well-being. On 3 September, the brand has invited Professor Zhang Qiming from the China Academy of Chinese Medical Sciences to the event to consult and share health information with attendees.Saga, in collaboration with HONOR Connect, has launched a smartwatch featuring the market's smallest 35mm delicate smartwatch movement, specifically designed for women. It is equipped with health monitoring, 109 sports modes, 10-day battery life, and IP68 dust and water resistance.The two fairs also feature a variety of styles, as well as collaborations, limited-edition, or debut watches, catering to market demands:Sea-Gull presents the “Three-Legged Golden Sunbird” Minute Repeater with Gold Engraved Automata, featuring a dial inspired by Chinese mythology and crafted by renowned Chinese master engraver Mei Hua. It is equipped with the Sea-Gull independently developed ST9100 minute repeater movement. When it chimes the wings of the three-legged golden bird unfold, showcasing the modern beauty of Eastern aesthetics.FIYTA has launched a watch themed “Chang'e Flying to the Moon”, featuring an engraving of the Moon's South Pole-Aitken Basin on the caseback. The watch has a gradient black dial adorned with an 18k gold relief of the Earth and the Moon, complemented by rocket-shaped hands.Zbioland's collaboration with Harry Potter brings the "Dynamic Snake" watch, which will be unveiled for the first time during the fair, with a limited release of 200 pieces. Local brand UNDONE has launched the “Legends of Rock” series, paying tribute to rock legends, featuring a vinyl record player design on the dial. The caseback of each watch is printed with a unique image from the Rolling Stones’ photo assets, granting the watch owner full ownership of that image asset, making it particularly valuable for collectors.European independent watchmakers showcase exceptional craftsmanshipIn recent years, personalised niche watch brands have been gaining popularity, winning the favour of the younger generation and collectors through limited production and customisation options. This year, the Swiss Independent Watchmakers Pavilion (SIWP) and Francéclat bring together 19 international watchmaking brands, showcasing uniquely designed and expertly crafted watches, including:Swiss brand Aerowatch is celebrating its 115th anniversary by launching a limited edition “Milan” pocket watch, with only 115 pieces available. This watch blends traditional and modern styles, reflecting the brand's enduring legacy with a contemporary twist.Legendary French watchmaker and modernist artist Alain Silberstein has designed a bold, colourful, and uniquely styled watch, featuring a playful twist with Yema's in-house micro-rotor automatic movement.Eight specialised zones offering a one-stop procurement platformAt the Hong Kong Watch & Clock Fair in the ground-floor exhibition hall, there are eight specialised zones.  Pageant of Eternity will showcase high-end complete watches produced through Original Equipment Manufacturing (OEM) and Original Design Manufacturing (ODM). Other zones include Complete Watches, Clocks, Machinery & Equipment, OEM Smart Watches, Packaging & Display, Parts, Components & Accessories, and Trade Services.Forums and seminars explore industry trendsDuring the fairs, more than 35 unique events will be held, including forums, seminars, watch parades, and networking activities, to help industry professionals stay informed about market trends.On the first day (2 September), the Hong Kong International Watch Forum will be held, featuring leaders from watch associations in mainland China, Germany, France, Switzerland, Japan, and Korea who will share the latest regional trade data and industry trends and discuss global supply chain strategies.On the second day (3 September), the Asian Watch Conference will focus on the theme “Redefining Eternity: Trends, Values, and Visions in Watchmaking”. A senior analyst from international market researcher Euromonitor International (Hong Kong) will share insights on the latest developments in the watch market. Additionally, an independent watchmaker and chief representative from the SIWP, along with a seasoned independent watch collector, member of the Academy of the Grand Prix d'Horlogerie de Genève (GPHG), will discuss the art and philosophy of independent watchmaking and microbrands.On the second day, there will be two additional events focused on the theme of Chinese trends. One is the Chinese Watchmaking 70th Anniversary: Panel Discussion and Watch Preview, organised by Fosun Watch Group, featuring Sea-Gull and Shanghai Watch. The other is “To the Stars and Beyond: The Chinese Independent Watchmaking”, which will explore the current state of development of Chinese independent watchmakers and the essentials of independent watchmaking.The HKTDC, the Federation of Hong Kong Watch Trades & Industries Limited, and the Hong Kong Watch Manufacturers Association Limited are also jointly organising the 42nd Hong Kong Watch & Clock Design Competition to promote watch design and nurture local creativity. This year, the open group and student group have themes of “Memorable” and “Believe in Yourself” respectively. The competition continues to include the Made-to-Sell Award to recognise student work with significant market potential.Celebrity Bowie Cheung who served as a guest judge will attend the award ceremony. The winning and shortlisted designs will be displayed during the fair, and the award ceremony will be held on 6 September at the event stage.A variety of events, lucky draws and workshop for the publicSalon de TIME will host a variety of special events and watch presentations. On the fourth day (5 September), Hong Kong metal engraving artist Carlos Koo will demonstrate the art of watch engraving.The Smart Bidding event will be held again, and attendees can enjoy exclusive starting prices to bid on their preferred watches, including brands such as Saga, Anne Klein, and Elmer Ingo. Additionally, there will be the Beijing Watch 66th Anniversary Special Edition, the Sea-Gull 1963 Times Edition and the Shanghai Watch Tribute to 1955 Series 70th Anniversary Moon Phase Limited Edition.A lucky draw will be held every day during the five-day exhibition, giving attendees the chance to win luxurious watches, including those from Claudia Koch, Alexus Christy, Shanghai Watch, Sea-Gull, and the Memorigin Genesis Series (Ocean Blue) tourbillon watch, paired with the latest eco-friendly watch straps.Other exciting events include watch showcases and launch events, with appearances by celebrities including Aka Chio, Michael Tong, Kaman Kong, and Olympic karate medallists Grace Lau and Ariel Torres.Additionally, CENTRESTAGE will be held from 3 to 6 September at the HKCEC bringing together fashion brands and designer collections from around the world. Attendees will have the opportunity to explore the latest products from approximately 400 watch and fashion brands.The export performance of watches & clocks industry in Hong Kong: Jan-Jul, 2025Jan-Jul, 2024Total export value-2.7% (YoY)-8.2% (YoY) Photo download: http://bit.ly/45WjTz9The 44th HKTDC Hong Kong Watch & Clock Fair and 13th Salon de TIME take place on 2 to 6 September at the Hong Kong Convention and Exhibition Centre. Introducing fair highlights at a press conference are Sophia Chong, HKTDC Deputy Executive Director (center), Ethan Cheung (right) and Vincent Chan (left), Co-Chairmen, HKTDC Hong Kong Watch & Clock Fair Organising Committee 2025 The watch parade featured some 30 selected luxury watchesGerman brand Lilienthal Berlin is debuting a watch that features a dial made from recycled tea leaves   German brand Oskron has launched the Watch2Care “Western-Chinese Prevention” smartwatch, equipped with exclusive “Five Organs Digital Pulse Diagnosis” technology. Powered by data from 300,000 traditional Chinese medicine cases and advanced AI analysis, to help users stay on top of their well-being For the 15th consecutive year, the World Brand Piazza, in collaboration with Prince Jewellery & Watch, continues to be the highlight of the exhibition. This year, Prince Jewellery & Watch is presenting luxurious pieces from 9 internationally renowned watch brands, including the new limited edition Golden Bridge Round 43 "Sapphire" wristwatch by Corum (left), and the Ulysse Nardin Freak One OPS wristwatch (right)Sea-Gull presents the “Three-Legged Golden Sunbird” Minute Repeater with Gold Engraved Automata, featuring a dial inspired by Chinese mythology and crafted by renowned Chinese master engraver Mei HuaZbioland's collaboration with Harry Potter brings the "Dynamic Snake" watch, which will be unveiled for the first time during the fair, with a limited release of 200 pieces Local brand UNDONE has launched the “Legends of Rock” watch series, paying tribute to rock legends, featuring a vinyl record player design on the dialFrench legendary watchmaker and modernist artist Alain Silberstein has designed a bold, colourful, and uniquely styled watch, featuring a playful twist with Yema's in-house micro-rotor automatic movement  The 42nd HK Watch & Clock Design Competition has two categories – “Memorable” for the Open Group and “Believe in Yourself” for the Student Group. Award-winning work and finalists will be exhibited during the fairsWebsites:Hong Kong Watch & Clock Fair: https://www.hktdc.com/event/hkwatchfair/enSalon de TIME: https://www.hktdc.com/event/te/enMedia enquiriesPlease contact the HKTDC Communications & Public Affairs Department: Johnny Tsui,  Tel: +852 2584 4395,  Email: johnny.cy.tsui@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. https://www.hktdc.com Copyright 2025 JCN Newswire via SeaPRwire.com.

HONG KONG, Aug 28, 2025 - (ACN Newswire via SeaPRwire.com) - On August 27, Ausnutria Dairy Corporation Ltd (Stock Code: 1717.HK, hereinafter referred to as “Ausnutria” or “the Company”) released its 2025 interim results announcement. According to the announcement, from January to June 2025, Ausnutria achieved operating revenue of approximately RMB 3.887 billion, representing a year-on-year increase of 5.6%; EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) reached approximately RMB 398 million, a year-on-year increase of 29.7%; profit attributable to equity holders of the parent company amounted to approximately RMB 181 million, a year-on-year increase of 24.1%, demonstrating sustained resilient growth in both revenue and profit.According to the announcement, in the first half of 2025, facing a complex and volatile global economic landscape and intensifying competition in China's infant milk formula market, Ausnutria steadily advanced the “milk formulas + nutrition products” family nutrition strategy, further enhancing product strength, brand power, channel capabilities, digital intelligence and organizational capacity. With consumer trust, support from all sectors of society and the collective efforts of every employee of Ausnutria, revenue and profits continued the dual growth trend. Through unwavering perseverance as well as steady and solid steps, the Company is advancing toward a new phase of high-quality development.In terms of segmentation, Ausnutria's own-branded infant formula business recorded total revenue of approximately RMB2,826 million. Within this, the goat milk formula business delivered revenue of RMB1,865 million, up 3.1% year on year, with its market‑leading position remaining solid. According to Nielsen IQ, as of end‑June, the Company’s market share in China’s goat milk infant formula market increased by 2.8 percentage points year on year to 30.4%. In 2024, the Company also captured 84% share by both sales volume and sales value in China’s imported infant and toddler goat milk formula market and has maintained a market share of over 60% in this segment for seven consecutive years.[1] Meanwhile, Frost & Sullivan’s market research confirms that in 2024 Kabrita ranked No.1 globally in goat milk formula by both sales volume and sales value.[2] The cow milk formulas business achieved revenue of approximately RMB 961 million and the nutrition business achieved a 7.0% year-on-year increase in revenue and successfully expanded into overseas markets.In terms of region, the goat milk formulas business of China achieved revenue of approximately RMB 1.381 billion in 2024. The international business of goat milk formulas achieved revenue of approximately RMB 483 million, representing a substantial year-on-year increase of 65.7%. With multiple growth drivers contributing to explosive expansion, the international business further elevated its share of total revenue from the Company's own-branded goat milk formulas business to 25.9%.  The announcement indicated that the Middle East continued to hold its position as Ausnutria's largest overseas sales market in the first half of 2025. Revenue in North America surged by over 138.7% year-on-year, becoming Ausnutria's second-largest revenue source of overseas markets, while revenue in the CIS region grew by 33.8% year-on-year. Ausnutria stated in the announcement that the overseas market of goat milk formulas business achieved a 65.7% year-on-year growth in the first half of the year, reaching new heights after maintaining a high double-digit compound growth rate over the past two years. The nutrition business has gained significant momentum in its strategic deployment, emerging as a key driver of the Company's development.Data sources:[1] NielsenIQ retail tracking data for imported infant and toddler goat milk formula. Period: 2018–2024 (seven consecutive years). Channel coverage: urban mother-and-baby specialty retail channel in the following provinces and municipalities: Shanghai, Jiangsu, Zhejiang, Anhui, Henan, Guangdong, Hunan, Hubei, Fujian, Jiangxi, Beijing, Tianjin, Heilongjiang, Jilin, Liaoning, Shandong, Shanxi, Hebei, Shaanxi, Sichuan, Chongqing, Guizhou, Yunnan and Guangxi.[2] Frost & Sullivan, “Independent Research Report on the Global Goat Milk Formula Market” (April 2025). The confirmation is based on Frost & Sullivan’s research into the global goat milk formula market, including analysis of 2024 sales volume and sales value of major goat milk formula brands worldwide. The research data cover January–December 2024.  Copyright 2025 JCN Newswire via SeaPRwire.com.

HONG KONG, Aug 28, 2025 - (ACN Newswire via SeaPRwire.com) - Baguio Green Group Limited ("Baguio" or the "Group", 01397.HK) is pleased to announce its unaudited interim results for the six months ended 30 June 2025 (the “Period”).During the Period, the Group’s revenue amounted to approximately HK$1,353.5 million, representing an increase of approximately 4.8% as compared to the same period last year. The overall gross profit margin increased from 7.5% for the same period last year to 9.8%, driving the overall gross profit up by approximately 37.0% to approximately HK$133.0 million. Profit for the Period amounted to approximately HK$58.8 million, representing an increase of approximately 128.1% as compared to the same period last year.Business Overview and ProspectsThe Group’s core business, cleaning services, recorded growth during the Period. Revenue from cleaning services increased by 4.0% to approximately HK$1,076.5 million, accounting for approximately 79.6% of the Group’s total revenue. Gross profit margin of the cleaning business increased from 6.4% for the same period last year to 7.9%, driving the gross profit up by 27.4% to approximately HK$84.7 million, mainly due to the Group’s new cleaning service contracts with various Government departments and different institutions. The Group’s cleaning services cover various scenarios, including Government streets, markets, leisure venues, hospitals and clinics. Other cleaning sites cover numerous different places such as universities, large exhibition centers, Hong Kong International Airport, housing estates and private institutions.Waste management and recycling business recorded revenue of approximately HK$145.3 million, accounting for approximately 10.7% of the Group’s total revenue. The gross profit margin of the waste management and recycling business surged significantly from 12.9% for the same period last year to 19.2%, driving the gross profit of this business up by approximately 46.6% to approximately HK$28.1 million, mainly due to the Government’s proactive promotion of recycling and the substantial expansion of the network of recycling spots, including those for food waste, which facilitated public participation and effectively stimulated collection, and the contribution from the green technology business. The Group continued to provide Government-related waste collection services for five districts, serving a population of approximately 1.6 million. In terms of recycling, the Group is contracted by the EPD of the Government to provide collection services for thousands of recycling spots (including plastics, glass bottles, metals, waste paper and food waste) across Hong Kong. During the Period, the Group provided collection services for recycling bins in public places and schools. Baguio also provides collection services for Recycling Stations of “GREEN@COMMUNITY”, introduced by the EPD, recycling stores and smart recycling machines, and other institutions in Hong Kong. In addition, the Group also provides the Government with glass bottles collection and management services and food waste collection services in several districts in Hong Kong, and is one of the market leaders.Regarding green technology business, the Group won a new contract to supply the Government with a new generation of solar-powered compacting refuse bins. This innovative product is designed with an auto-sensing inlet and indicator lights, and under its sealed design, it is equipped with devices for ventilation, lighting, and deodorization. Meanwhile, it is equipped with a big data platform and wireless technology to monitor data in real time, enabling effective tracking of the status of waste collection points, strategic deployment of resources, optimization of operational efficiency, and enhanced planning for future initiatives. Furthermore, the solar-powered compacting refuse bins adopt solar panels and rely on renewable energy, which significantly reduces carbon emissions. They can be flexibly deployed in various scenarios, suitable for remote areas where there are no refuse collection points. This product is expected to be gradually launched into the market in the year.The Group seized the opportunity of smart city development and has been committed to expanding its market share of smart recycling in recent years. Currently, Baguio’s smart recycling products, such as smart recycling machines, smart food waste recycling machines, and smart balances, have been deployed in different places across Hong Kong, including Government venues and schools, private housing estates, commercial buildings, theme parks, large-scale exhibition venues, and sports stadiums. These products provide the public with convenient recycling services 24 hours a day and help increase Hong Kong’s overall recycling volume.In partnership with Jardine Engineering Corporation Limited, the Pilot Biochar Production Plant at the EcoPark in Tuen Mun has commenced operation. By converting yard waste into high-quality biochar with pyrolysis technology for various applications, the production plant effectively “turns waste into useful resources”.As for the landscaping business, the Group provides landscaping services for a wide range of clients, including large private residences, Government premises, schools, shopping malls, hotels, airports, Hong Kong Housing Authority, Hong Kong Jockey Club, Hong Kong Science Park, the University of Hong Kong, Hong Kong University of Science and Technology and Lingnan University, etc. During the Period, the Group provided landscaping services for Kai Tak Sports Park, Hong Kong International Airport, Hong Kong-Shenzhen Innovation and Technology Park, Nano Parks, and the Tung Chung New Town Extension (West).For pest management business, the Group continued to provide pest management services in Wong Tai Sin and Tai Po districts during the Period. In addition, the Group provided termite control and monitoring services to 29 monuments under the Antiquities and Monuments Office and 24 temples under the Chinese Temples Committee respectively.As of 30 June 2025, the Group’s contracts on hand amounted to approximately HK$3.10 billion, providing considerable revenue for subsequent years.Subsequent to the Reporting Period, the Group has been successfully awarded a 3-year contract from the Marine Department of the Government for approximately HK$150 million for the provision of “Marine Refuse Cleansing and Disposal Services in the Eastern Waters of Hong Kong”. This contract marks a significant milestone for Baguio, as it represents a strategic expansion of its service portfolio from land to sea, further strengthening its leading position in Hong Kong’s integrated environmental services market. Under the contract, Baguio will deliver comprehensive marine refuse cleansing and ship refuse collection services in the Eastern Waters of Hong Kong starting from 1 October 2025 including, but not limited to: Victoria Harbour, Central, Sheung Wan, Causeway Bay, Tsim Sha Tsui, Yau Ma Tei, Cheung Sha Wan, Shau Kei Wan, Kwun Tong, Sai Kung, Tolo Harbour and Tai Po. Winning this contract signifies strong market recognition of Baguio’s outstanding performance over the past 45 years. The Group will seamlessly extend its professional standards and operational efficiency in land-based waste management to the marine environment, striving to safeguard Hong Kong’s valuable marine ecosystem and present a cleaner, more beautiful Victoria Harbour to both residents and tourists.Recently, the Group has been successfully awarded two 35-month contracts from the EPD, with a total value of approximately HK$43 million. Starting from September 2025, the Group will be responsible for operating the “GREEN@Tai Wo” and “GREEN@Po Lam” recycling stores, and will collaborate with nearby buildings, organizations, and community stakeholders to establish and operate fixed and mobile recycling spots for waste collection, provide community recycling support to facilitate citizens, and promote and educate the public on waste sorting and recycling in the community to strengthen citizens’ recycling habits.In addition, the Promotion of Recycling and Proper Disposal of Products (Miscellaneous Amendments) Bill 2025 submitted by the Government was passed by the Legislative Council on 23 July 2025. This bill establishes a common legal framework for producer responsibility scheme applicable to different products. Under this framework, the Government plans to submit the producer responsibility scheme on plastic beverage containers and beverage cartons in the coming year. The scheme encourages citizens to return used containers for recycling to earn rebate, which will help significantly increase the recycling rate. Benefiting from the scheme, Baguio’s recycling volume is expected to be directly driven up, providing attractive returns for the Group’s long-term investments in recycling services and competitive barriers.The Government is actively developing the Northern Metropolis. Four new development areas include Kwu Tung North/Fanling North, Hung Shui Kiu/Ha Tsuen, Yuen Long South, and San Tin Technopole are under construction. The Government has resumed more than 400 hectares of private land within these four new development areas, completed land levelling for 80 hectares, and is progressively handing over these lands to relevant departments for building road and railway infrastructure, public and private housing, schools, public markets, ecological conservation, as well as development of innovation and technology industry. The Group believes that this will bring opportunities for many of its core businesses.Looking forward, the Group will continue to increase the market share of its core businesses and proactively engage in expansion in Hong Kong and beyond. Meanwhile, in line with the development of the Company, it will actively explore potential mergers and acquisitions, joint ventures or new business projects to accelerate future business growth and deliver substantial and long-term returns to shareholders.For details of the Group's 2025 interim results announcement, please visit:https://www.baguio.com.hk/en/investor/notices/ About Baguio Green Group LimitedEstablished in 1980, Baguio Green Group (Stock code: 01397.HK) is one of Hong Kong’s largest integrated environmental management solution providers. It provides a full spectrum of professional services including professional cleaning, waste collection & recycling, waste management, green technology, green products, horticulture & landscaping, and pest control. The Group delivers innovative environmental solutions using the latest technologies to serve a wide range of customers in various sectors including Government departments, statutory organizations and multinational corporations. Fully committed to ESG, the Group works relentlessly to advance sustainable development and create a cleaner, greener, healthier city for a greener tomorrow.Baguio Green Group Limited, https://www.baguio.com.hk [XHKG:01397] Copyright 2025 JCN Newswire via SeaPRwire.com.

TOKYO, Japan, August 28, 2025 - (JCN Newswire via SeaPRwire.com) – Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the month of July 2025.For more details, please visit: https://global.honda/content/dam/site/global-en/newsroom-new/cq_img/news/2025/08/c250828beng/c250828beng.pdf  Copyright 2025 JCN Newswire via SeaPRwire.com.