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Toyota to Invest Up to 730 Billion Yen in Japan/U.S. Battery Production

ruth
2 minutes

TOKYO, Aug 31, 2022 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (Toyota) has decided to invest up to 730 billion yen (approximately $5.6 billion) in Japan and the United States toward supplying automotive batteries for battery electric vehicles (BEVs), for which demand is growing, and aims to begin battery production between 2024 and 2026. This investment is aimed at enabling Toyota to flexibly meet the needs of its various customers in all countries and regions by offering multiple powertrains and providing as many options as possible.With this investment, Toyota intends to increase its combined battery production capacity in Japan and the United States by up to 40 GWh. By utilizing the Toyota Production System and building production lines that are more efficient than ever, Toyota also intends to further strengthen its competitiveness and invest in the training of personnel engaged in battery production and the passing down of monozukuri manufacturing skills.In Japan, a total of approximately 400 billion yen will be newly invested in the Himeji Plant of Prime Planet Energy & Solutions Co., Ltd. (PPES) and in Toyota plants and property, while in the United St...

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Q P Group Announces Record-high 2022 Interim Results

indie
4 minutes

HONG KONG, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - Q P Group Holdings Limited ("Q P Group" or the "Group"; Stock code: 1412), one of the leading manufacturers of paper-based tabletop games and paper-based greeting cards in the People's Republic of China (the "PRC"), recorded a total revenue of approximately HK$657.8 million, representing a year-on-year increase of approximately 11.6% for the six months ended 30 June 2022 ("6M2022" or the "Period"). The Group's profit attributable to equity holders of the Company was approximately HK$53.7 million, up by approximately 65.1% as compared with that of the six months ended 30 June 2021 ("6M2021"). Basic earnings per share was approximately HK10.09 cents (6M2021: HK6.11 cents).The Board of Directors has resolved to declare an interim dividend of HK3.0 cents per share for 6M2022 (6M2021: HK2.0 cents).Business ReviewDuring the Period, the COVID-19 pandemic continued to affect the global economy and business operations. Despite the challenges, the Group weathered the global supply chain chaos over the past year and its order fulfilment resumed to normal during the Period. Also, the Group successfully captured the business opportuni...

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Grand Ming Group Holdings Limited Announces Annual Results for the Year Ended 31 March 2022

indie
7 minutes

HONG KONG, Jun 24, 2022 - (ACN Newswire via SEAPRWire.com) - Grand Ming Group Holdings Limited (the "Company" and together with its subsidiaries, the "Group", stock code: 1271.HK) today announces its annual results for the year ended 31 March 2022 ("FY 2021/22").Highlights-- Revenue amounted to HK$817.9 million, a decrease of 45.2% from the previous financial year.-- Net profit for the year was HK$17.5 million, representing a decrease of 88.2%.-- Proposed payment of final dividend of 4.0 HK cents per share.-- Stay positive toward lucrative business of owning and operating data centres via expanding portfolio of developing two new centres in near future.-- Seize opportunity to increase land reserve for property development in Hong Kong.-- Execute the plan for property development in Nanning, Guangxi Province, China targeting for luxurious senior residential market.The Group's consolidated revenue decreased approximately 45.2% from approximately HK$1,492.4 million for the year ended 31 March 2021 ("FY 2020/21") to approximately HK$817.9 million for FY 2021/22. The decrease was primarily caused by lower revenue recognised from the building construction project at Kai Tak which was at ...

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Grand Ming Group Holdings Limited Announces Interim Results for the Six Months Ended 30 September 2021

indie
8 minutes

HONG KONG, Nov 12, 2021 - (ACN Newswire via SEAPRWire.com) - Grand Ming Group Holdings Limited (the "Company" and together with its subsidiaries, the "Group", stock code: 1271.HK) today announces its interim results for the six months ended 30 September 2021 ("FH 2021/22").Highlights:- Profit for the Period amounted to HK$69.2 Million- Declared an Interim Dividend of 4.0 HK Cents per Share- Revenue amounted to HK$586.1 million, a decrease of 25.4% from the last corresponding period.- Net profit was HK$69.2 million, representing a decrease of 1.4%.- Underlying profit, excluding changes in fair value of investment properties, decreased 65.0% to HK$29.2 million- Declared payment of an interim dividend of 4.0 HK cents per share.- Scale up investments in upgrading the infrastructure and facilities of its existing data centres and look forward to expand the build-to-lease high tier data centre network.- Seize opportunity to increase land reserve for property development in Hong Kong.- Execute the plan for property development in Nanning, Guangxi Province, China and eye to explore opportunities to step into the Greater Bay Area, both target for luxurious senior residential market.The Grou...

ACN Newswire

Huisen Household Announces 2021 Interim Results

indie
5 minutes

HONG KONG, Aug 31, 2021 - (ACN Newswire via SEAPRWire.com) - China's major furniture product manufacturer Huisen Household International Group Ltd. ("Huisen Household" or "the Group"; stock code: 2127.HK) announced unaudited interim results for the period ended 30 June 2021 ("the Reporting Period") today. During the Reporting Period, the Group's revenue recorded a year-on-year increase of approximately 47.3% to approximately RMB2.4 billion. Gross profit was approximately RMB630 million, representing an increase of 72.1% as compared with the same period last year. The profit during the period was approximately RMB421 million, representing an increase of 75.9% as compared to the corresponding period of 2020. Earnings per share was RMB0.14. This was mainly due to the fact that the coronavirus disease 2019 ("COVID-19") pandemic in Mainland China was basically came under control during the Reporting Period, and various industries, including the furniture manufacturing industry, was fully recovered.Mr. Zengming, chairman and executive director, said: "The first half of 2021 was a period of accelerated reform for the furniture industry. Despite the unstable development of COVID-19 pandemi...

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Esprit Announces Interim Results for the Six Months Ended 30 June 2021

indie
7 minutes

HONG KONG, Aug 25, 2021 - (ACN Newswire via SEAPRWire.com) - ESPRIT HOLDINGS LIMITED ("Esprit", "the Company" or the "Group;" HKEx: 00330) has today announced its unaudited financial interim results for the six months ended 30 June 2021 (the "Period"). Group revenue for the Period was approximately HK$3,872 million, a marginal decrease of around 5.8% from the six months ended 30 June 2020 (the "Corresponding Period"), primarily resulted from lower revenue in Europe, (approximately 14.4%) due to stringent pandemic related operating restrictions, as well as the Company's temporary exit from Asia Pacific and the closure of several low-performance stores. The reductions were tempered by a stronger performance from the Company's digital operations, which recorded an increase of approximately 17.3%. During the Period, the Esprit website and third-party e-commerce partners continued to trade during lockdown and, as a result, a large portion of the Company's sales were generated online. This business model allowed the Company to mitigate some of the negative impact that the pandemic had on the retail segment.Mr. DALEY Mark David, President and Chief Executive Officer, said, "There is no qu...

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KWIH Announces 2021 Interim Results, Total Attributable Contracted Sales to be Recognised Reaches HK$17.4 Billion

indie
9 minutes

HONG KONG, Aug 24, 2021 - (ACN Newswire via SEAPRWire.com) - K. Wah International Holdings Limited ("KWIH" or "the Group") (stock code: 00173) today announced its unaudited interim results for the six months ended 30 June 2021. KWIH, with a robust yet flexible approach, timely launched premium projects during the period under review and achieved satisfactory sales results. For the six months ended 30 June 2021, the Group's attributable contracted sales amounted to approximately HK$9.6 billion. As at the end of June 2021, total attributable contracted sales yet to be recognised amounted to approximately HK$17.4 billion, which are expected to be accounted for in the second half of 2021 and 2022, underpinning the Group's future profitability. The Group's total attributable revenue during the period under review amounted to approximately HK$3.2 billion, mainly from the property sales of Solaria in Hong Kong, The Palace III and Windermere in Shanghai, J City in Jiangmen and two joint venture projects in Jiaxing and Kunshan, etc. Profit attributable to equity holders amounted to approximately HK$780 million. Underlying profit dropped year-on-year to approximately HK$490 million as fewer ...

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HYPEBEAST LTD (0150.HK) Delivers Record Q1 Revenue, Up 58% YOY with Momentum Intact, Continues on Expansion Plans

indie
5 minutes

HONG KONG, Aug 23, 2021 - (ACN Newswire via SEAPRWire.com) - The board of directors of Hypebeast Limited (0150.HK) has announced the Group's unaudited key financial results for the three months ended 30 June 2021 ("FY2022 Q1"). FY2022 Q1 ended on a high note as the business achieved record results for first quarter revenue, gross profit and gross profit margin as various regions exit lockdown from the COVID-19 pandemic. Revenues for FY2022 Q1 increased 57.9% year-on-year to approximately HK$200.8 million, due to increases in Media contract values, continued expansion in client industry categories and strong regional revenue growth from the Group's Media segment. Revenues for FY2022 Q1 increased by 12.6% compared to the three months ended 30 June 2019 ("FY2020 Q1"), reflecting significant growth versus the pre-COVID-19 baseline. Such growth versus pre-COVID-19 pandemic business levels are expected to continue and accelerate throughout FY2022. The Group experienced specific strength in the rebound of the Media business, with a significant increase in signed contract value of approximately 111.9% in FY2022 Q1 versus prior year or 74.7% versus pre-COVID-19 pandemic level in the FY2020 ...

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Sansheng Holdings’ Profit Attributable to Equity Shareholders Soars by Nearly Threefold to Approximately RMB625.9 million in 1H 2021

indie
4 minutes

HONG KONG, Aug 23, 2021 - (ACN Newswire via SEAPRWire.com) - Sansheng Holdings (Group) Co. Ltd. (stock code: 2183.HK), which is principally engaged in property development and property investment, has announced its unaudited interim results for the six months ended 30 June 2021. During the Period, the overall operation of Sansheng Holdings was satisfactory and its financial position remained stable and healthy. Revenue increased by 198.9% year-on-year to approximately RMB5,131.8 million. Profit attributable to equity shareholders soared by 293.1% year-on-year to approximately RMB625.9 million. Basic earnings per share were RMB1.28 (1H2020 (restated): RMB0.32), a sharp threefold year-on-year increase. Moreover, substantial contracted but unrecognized sales of approximately RMB31,161.9 million were achieved as of 30 June 2021, providing a solid base for the Group's future growth in recognized revenue.Mr. Lin Rongbin, Executive Director and Chairman of Sansheng Holdings, said, "Sansheng Holdings has smoothly implemented its strategic plan during the review period. We have proactively selected property development projects from cities with a robust economy and avoided projects from are...

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Grand Ming Group Holdings Limited Announces Annual Results for the Year Ended 31 March 2021

indie
7 minutes

HONG KONG, Jun 19, 2021 - (ACN Newswire via SEAPRWire.com) - Grand Ming Group Holdings Limited ("Company", together with its subsidiaries, collectively referred to as the "Group"; 1271.HK) announces its annual results for the year ended 31 March 2021 (FY 2020/21).Highlights:- Revenue amounted to HK$1,492.4 million, an increase of 65.3% from the previous financial year.- Net profit was HK$149.0 million, representing an increase of 340.6%.- Underlying profit, excluding the changes in fair value of investment properties, increased by 234.2% to HK$147.6 million.- Proposed payment of final dividend of 4.0 HK cents per share.- Stay positive toward lucrative business of owning and operating data centres via expanding portfolio of developing two new centres in near future.- Seize opportunity to increase land reserve for property development in Hong Kong and cautiously explore property and property-related development opportunities in Nanning, Guangxi Province, China.The Group's consolidated revenue increased approximately 65.3% from approximately HK$902.6 million for FY 2019/20 to approximately HK$1,492.4 million for FY 2020/21. The increase was primarily driven by revenue recognised from ...

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DaFa Properties Announces 2020 Annual Results

indie
7 minutes

HONG KONG, Mar 25, 2021 - (ACN Newswire via SEAPRWire.com) - The board (the "Board") of directors (the "Directors") of DaFa Properties Group Limited ("DaFa Properties" or the "Company", together with its subsidiaries, the "Group"; Stock Code: 6111.HK) is pleased to announce the audited annual consolidated results for the Group for the year ended 31 December 2020 (the "Reporting Year").DaFa Properties 2020 Annual Results Highlights(For the year ended 31 December 2020)-- Contracted sales were approximately RMB30,320 million, representing a significant year-on-year increase of approximately 44.3%;-- The contracted GFA was 2,045,067 sq.m, representing a year-on-year increase of approximately 31.8%;-- Revenue was approximately RMB9,188 million, representing a year-on-year increase of approximately 24.2%;-- Profit for the year was approximately RMB715 million, representing a year-on-year increase of approximately19.1%;-- Total assets were approximately RMB35,070 million, representing a year-on-year increase of approximately 26.6%;-- Net gearing ratio was approximately 61.2%;-- Total cash to short-term debt ratio was approximately 1.4 times;-- Liabilities to assets ratio (excluding receip...

ACN Newswire

Huisen Household Announces 2020 Annual Results

indie
6 minutes

HONG KONG, Mar 25, 2021 - (ACN Newswire via SEAPRWire.com) - China's major furniture product manufacturer Huisen Household International Group Ltd. ("Huisen Household" or "the Group"; stock code: 2127.HK) announced audited annual results for the year ended 31 December 2021 ("the review period") today. During the review period, the Group's revenue increased by approximately 4.7% to RMB 3,896 million, gross profit was approximately RMB 944 million. After deducting listing and other expenses, the group's profit for the year was approximately RMB 541 million, representing a decrease of approximately 4.9% as compared to the same period in 2019, mainly due to a loss of approximately RMB 85.3 million in exchange losses compared to approximately RMB 2.8 million in exchange gains 2019. Earnings per share was RMB 0.24. The board of directors recommends the payment of a final dividend of HK7.9 cents (equivalent to approximately RMB7 cents) per share for the review period.Mr. Zengming, chairman and executive director said: "In 2020, the world went through a year like no other. The coronavirus ("COVID-19"), a once-in-a-century pandemic, ravaged the world, making considerable impacts on the glob...

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TTI Delivers Exceptional 2020 Results

indie
4 minutes

HONG KONG, Mar 3, 2021 - (ACN Newswire via SEAPRWire.com) - Hong Kong-based global power equipment and floor care company Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: 669, ADR symbol: TTNDY) announced its results for the financial year ended December 31, 2020. The Group reported sales of US$9.8 billion, an increase of 28.0%. Second half sales grew an exceptional 42.3%, outpacing the market. Gross margin improved for the 12th consecutive year, from 37.7% in 2019 to 38.3% in 2020. This gross margin improvement is a direct result of the launching of high margin new products, disciplined mix management, exceptional productivity gains and volume leverage. EBIT increased 29.0% to US$868 million, with the EBIT margin improving by 10 basis points to 8.9%. Net profit rose 30.2% to US$801 million, with earnings per share increasing 30.1% over 2019 to US43.80 cents. The Group invested in inventory to support the above market growth levels, while working capital management remained best-in-class at 14.0% of sales. The Board is recommending a final dividend of HK82.00 cents (approximately US10.55 cents) per share. Together, with the interim dividend of HK 53.00 cents (appr...

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Toyota’s Global Sales and Production Up Year-on-Year in November for Third Consecutive Month

ruth
2 minutes

TOKYO, Dec 25, 2020 - (JCN Newswire) - Toyota Motor Corporation (TMC) announces its sales, production, and export results for November 2020 as well as the cumulative total from January to November 2020, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.Global SalesResults in November were driven primarily by sales in China and Japan, and global sales were up approximately 2 percent year-on-year.ChinaThe market remains solid, and in addition to regional motor shows and other events to attract customers to dealers, sales of the Camry, RAV4, and Lexus brand vehicles, and other models were strong, and as a result, sales were up approximately 17 percent year-on-year.JapanDemand declined slightly in November of the previous year due to a consumption tax rate hike, and this year, sales of the new models including the Harrier, Yaris, and Raize, were strong. As a result, sales were up approximately 12 percent year-on-year, the second consecutive year-on-year increase.Global ProductionResults in November were driven primarily by production in China and Japan, and production was up approximately 7 percent year-on-year.ChinaStrong sales of the Camry and the RAV4 ha...

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MC Signs Rolling Stock Contracts with Myanma Railways

ruth
2 minutes

TOKYO, Dec 8, 2020 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that it has signed two contracts with Myanmar's state-run railway, Myanma Railways to deliver it new units of rolling stock. The first is for 66 cars that will be used in the Yangon Circular Railway (YCR) Project, and the second is for 180 cars that will be used in the Yangon-Mandalay Railway (YM) Project. Railway CarThe total cost of both projects is approximately 69 billion yen, which will be covered by an international-yen-loan agreement between the governments of Japan and Myanmar. The cars, which will include Japanese components and equipment, will be built by Spain's largest manufacturer of rolling stock, Construcciones y Auxiliar de Ferrocarriles, S.A. They will be delivered to Myanmar in stages between 2023 and 2025. The YCR Project is part of the overall plan to upgrade and modernize the Yangon Circular Railway. The cars delivered by MC will run on the approximately 46 kilometers of track that loop around central Yangon, Myanmar's largest commercial metropolis. At present, it takes a train roughly 170 minutes to complete the loop, but the modernization plan should cut that to about 110...

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Toyota’s Global Sales and Production Up Year-on-Year in October for Second Consecutive Month

ruth
2 minutes

Toyota City, Japan, Nov 27, 2020 - (JCN Newswire) - Toyota Motor Corporation (TMC) announces its sales, production, and export results for October 2020 as well as the cumulative total from January to October 2020, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.Global SalesResults in October were driven primarily by sales in the U.S. and China, and global sales were up approximately 8 percent year-on-year.U.S.The market as a whole is trending toward recovery, and sales of the Camry, RAV4, and Lexus brand models were strong, resulting in a new record high for October.ChinaIn addition to measures to attract customers to dealers including regional motor shows, sales of the Corolla, Levin, and Lexus brand models were strong, and as a result, sales were up approximately 33 percent year-on-year, the seventh consecutive year-on-year increase.Global ProductionResults in October were driven primarily by production in China and Japan, and production was up approximately 9 percent year-on-year.ChinaStrong sales of the Levin and Corolla had an impact, and production was up approximately 10 percent year-on-year.JapanIn addition to recovery of the global market, sa...

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Grand Ming Group Holdings Limited Announces Interim Results for the Six Months Ended 30 September 2020

indie
6 minutes

HONG KONG, Nov 16, 2020 - (ACN Newswire) - Grand Ming Group Holdings Limited (the "Company" and together with its subsidiaries, the "Group", stock code: 1271.HK) today announces its interim results for the six months ended 30 September 2020 ("FH 2020/21").Highlights- Revenue amounted to approximately HK$786.1 million, up by 114% from the last corresponding period.- Net profit reached approximately $70.2 million, representing an increase of 60%.- Underlying profit increased by 223% to approximately HK$83.4 million, excluding the change in fair value of investment properties.- Declared payment of an interim dividend of 4.0 HK cents per share.- Stays positive towards the booming business of data centre leasing, aiming at developing into two new high-tier data centres in near future.- Seizes opportunities to increase land reserve for property development in Hong Kong and cautiously eyes on the Mainland China market.The Group's consolidated revenue increased 114% from HK$367.5 million for the six months ended 30 September 2019 ("FH 2019/20") to HK$786.1 million for FH 2020/21. The increase was primarily due to a rise in revenue recognition from the construction segment, in which the con...

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Toyota’s Global Sales and Production Up Year-on-Year in September

ruth
3 minutes

Toyota City, Japan, Oct 29, 2020 - (JCN Newswire) - Even in the face of the COVID-19 crisis, which broke out early this year, Toyota has maintained corporate activities by implementing comprehensive measures to prevent infection and working in close cooperation with business partners including suppliers and dealers. In addition to these measures, Toyota has enjoyed the support of customers around the world who use Toyota vehicles, and as a result, in September both global sales and global production recovered and exceeded the previous year's levels.Global Sales- Results in September were driven primarily by sales in the U.S. and China, and global sales were up approximately 2 percent year-on-year.U.S.The market as a whole is trending toward recovery, and sales of the Camry, RAV4, and Lexus brand models were strong, resulting in a 16 percent year-on-year increase.ChinaIn addition to local motor shows and other measures to draw customers to dealers and enhanced measures to secure orders, strong sales of the Corolla, Levin, and other models also had an impact, and as a result, sales were up approximately 25 percent year-on-year, the sixth consecutive month of year-on-year increases.- ...

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Tak Lee Machinery Announces 2019/2020 Annual Results

indie
5 minutes

HONG KONG, Oct 20, 2020 - (ACN Newswire) - Tak Lee Machinery Holdings Limited ("Tak Lee" or the "Company", together with its subsidiaries, the "Group"; stock code: 2102), a leading earthmoving equipment sales and leasing service provider in Hong Kong, is pleased to announce its first annual results for the year ended 31 July 2020 ("the Year") since transferring its listing to the Main Board of The Stock Exchange of Hong Kong Limited on 6 October 2020. Despite the challenging economic climate and COVID-19 pandamic, the Group has recorded remarkable results for the Year. Financial Highlight- Revenue of the Group increased by approximately 9.9% to approximately HK$628.8 million, mainly attributable to the strong performance of its leasing business - The Group's net profit attributable to the owners of the Company surged by approximately 32.9% to approximately HK$51.3 million- Gross profit increased by 33.2% to approximately HK$107.1 million, while gross profit margin increased 2.9 percentage points to approximately 17.0%- Earnings per share for the Year was approximately HK5.13 cents, representing an increase of approximately 32.9%- The Board has recommended the payment of a final div...