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Alltronics Announces 2021 Interim Results

indie
4 minutes

HONG KONG, Aug 30, 2021 - (ACN Newswire via SEAPRWire.com) - Alltronics Holdings Limited ("Alltronics" or the "Group") (SEHK: 833), a leading electronic products manufacturer and a provider of energy-saving business solutions, has today announced its unaudited interim results for the six months ended 30 June 2021 ("1H2021", "first half of 2021" or "the Period").During the Period, the Group's revenue increased by 19.0% to HK$860 million (1H2020: HK$722.8 million), mainly attributable to the increase in sales of electronic products. Gross profit amounted to HK$141.6 million (1H2020: HK$147.3 million) and gross profit margin was 16.5% (1H2020: 20.4%). Profit for the Period attributable to owners of the Company was HK$48.1 million, compared to a profit of HK$42.3 million for the same period in 2020. The improvement in net profit was mainly due to the reduction in impairment losses on financial assets and there was no write-off of long term receivables during the Period.Basic earnings per share were HK5.08 cents. In its appreciation for the shareholders' continuous support, the Board has declared the payment of an interim dividend of HK1.0 cent per share.Business Review and ProspectsFor...

JCN Newswire
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Toyota Releases Sales, Production, and Export Results for July 2021

ruth
1 minute

Toyota City, Japan, Aug 30, 2021 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (TMC) announces its sales, production, and export results for July 2021 as well as the cumulative total from January to July, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.Global Sales- North America (260,000 units, up 30.5 percent year on year)In the U.S., sales were driven by solid sales of light trucks including the RAV4, sedans including the Camry and Corolla, and HEVs including the Venza, and in addition, sales dropped in the same month of the previous year due to effects of COVID-19. As a result, sales in North America were up substantially year-on-year.- China (170,000 units, up 2.8 percent year on year)Sales of the Camry, Levin, RAV4, Wildlander, and Lexus brand vehicles were strong, and were up year-on-year.- Japan (140,000 units, up 9.4 percent year on year)Although the semiconductor supply shortage affected production, its impact was limited, and sales of the Yaris and Roomy were strong. As a result, sales were up year-on-year.For more information, visit bit.ly/3BCqq1d.l. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

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EEKA Fashion Announces 2021 Interim Results, Record-Breaking Sales and Profit Growth Driven by Multi-Brand Strategy

indie
4 minutes

HONG KONG, Aug 30, 2021 - (ACN Newswire via SEAPRWire.com) - EEKA Fashion Holdings Limited (Ticker: 3709.HK, "EEKA" or "the Group") announced unaudited consolidated interim results for the six months ending on 30 June 2021 ("the period").In the first half of 2021, the Group's revenue increased 53.7% year-on-year to RMB3.08 billion. Gross profit was RMB2.26 billion, representing an increase of 53.3%. The gross profit rate was 73.5%. Net profit increased by 134.2% to RMB280 million (net profit was RMB330 million excluding share award scheme fees).Operational SummaryDuring the period, the Group recorded strong revenue growth by improving the operations of its offline retail channels and online e-commerce platforms. In terms of offline sales, the Group leveraged its retail channels, and achieved sales of RMB2.44 billion from its 1,490 retail stores in the first half of 2021. As for online sales, the Group has enhanced the operation of multi-e-commerce platforms, with Tmall, VIP.com and EEKA Fashion Mall as the key sales drivers. The revenue of e-commerce platforms increased by 41.7% to RMB386 million during the period, and the proportion of the Group's total revenue is increasing stead...

SeaPRwire

Weak US retail sales data ends streak of Dow records

elean
2 minutes

NEW YORK (AFP) - Wall Street's five-day streak of records ended with a thud on Tuesday (Aug 17) following a lacklustre US retail sales report that exacerbated worries about the latest Covid-19 wave. Retail sales in the United States fell a surprising 1.1 per cent in July compared to June, a far bigger drop than analysts were expecting and mostly the fault of a steep decline in auto sales, the Commerce Department reported. The anaemic sales figure proved a catalyst for a sell-off after both the Dow and S&P 500 notched successive records over the last week. Investors "found enough of an excuse to dial things back," said Briefing.com analyst Patrick O'Hare in an interview, adding "the market was due for a pullback." The Dow Jones Industrial Average dropped 0.8 per cent to 35,343.28. The broad-based S&P 500 shed 0.7 per cent to 4,448.08, while the tech-rich Nasdaq Composite Index fell 0.9 per cent to 16,700.07. The retail sales report came as rising Covid-19 cases prompt fresh restrictions in some parts of the United States. However, analysts do not expect severe restrictions comparable to those enacted in the country at the outset of the pandemic last year. But a wildcard is whether o...

ACN Newswire

The Return of China’s Overseas-listed NEV Companies Accelerates with Li Auto’s Dual Primary Listing in Hong Kong

indie
4 minutes

HONG KONG, Aug 12, 2021 - (ACN Newswire via SEAPRWire.com) - Along with changes in the domestic and foreign regulatory environments and the policy reform of the Hong Kong Exchanges and Clearing Limited (HKEX), the Hong Kong market becomes increasingly attractive to some China-based US-listed companies. The return of China-based overseas-listed companies has become a trend now. Li Auto Inc (2015.HK) is among the three major China-based overseas-listed NEV companies listing on HKEX today through a dual primary listing, after Xpeng Motors Inc (9868.HK) was listed in Hong Kong on July 7. The IPO is jointly sponsored by Goldman Sachs and China International Capital Corporation (CICC), with UBS as the financial advisor.Advanced Smart Automobile Solutions Drive Rapid Sales GrowthLi Auto Inc, incorporated in 2015, is a Chinese NEV (new energy passenger vehicle) automaker, specializing in designing, developing, manufacturing, and sales of premium smart electric vehicles. On July 30, 2020, Li Auto Inc was listed on the Nasdaq Global Select Market under the symbol LI.Li ONE, as Li Auto's first extended-range electric passenger vehicle (EREV), is a six-seat large premium electric SUV (sport ut...

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Techtronic Industries Delivers Exceptional First Half Sales Growth

indie
4 minutes

HONG KONG, Aug 11, 2021 - (ACN Newswire via SEAPRWire.com) - Hong Kong-based global power equipment and floorcare company Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: 669, ADR symbol: TTNDY) announced its results for the six months ended June 30, 2021. The Group delivered extraordinary results for the first half of 2021, growing sales by 52.0% to US$6.4 billion. Gross margin improved for the 13th consecutive first half to 38.6%, and the growth in EBIT, net profit, and earnings per share all outpaced sales growth. EBIT increased 57.4% to US$572 million, net profit rose 57.9% to US$524 million, and earnings per share increased 57.8% to approximately US28.62 cents per share.-- Exceptional sales growth of 52.0%-- Sales growth of 71.5% over two years, compared to the first half of 2019-- Strong sales growth across all businesses and geographies-- Gross margin improved for the 13th consecutive first half to 38.6%, up 58 basis points-- Net profit growth of 57.9% to US$524 million Working capital as a percent of sales finished at 18.3%, below TTI's goal of 20.0% or less. The Group continues to strategically build inventory to support its exceptional above market growt...

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China’s Auto Companies’ Sales Results in July: BYD (01211.HK) Car Sales Soar Nearly 83%

pandora
3 minutes

New York, NY / TickerInsider / August 10, 2021 / The China Association of Automobile Manufacturers (CAAM) announced sales figures for July on Aug 10th, showing SAIC (600106.SH), GAC (600238.SH) and Changan (000625.SZ) among the top three, with sales of 352,546, 180,518 and 177,941 units respectively. SAIC fell 22.95 percent year-on-year, Guangzhou Auto fell 1.86 percent year-on-year, and only Changan maintained a 7.89 percent growth. BYD (01211.HK) However, the most fierce rise is still BYD (01211.HK), whose sales of 56,975 units in July, a year-on-year surge of 89.4 percent, became the largest sales increase of car companies. Its new energy vehicle sales of 50,057 units, accounting for 88% of total sales, soared 262.7% year-on-year. On specific models, BYD Han sold 8,522 units in July, with cumulative sales exceeding 100,000 units; BYD Tang sold 4,676 units, with cumulative sales exceeding 250,000 units; BYD Qin sold 19,032 units, with cumulative sales exceeding 370,000 units; BYD Song sold 14,425 units, with cumulative sales exceeding 940,000 units, including a 559.2 per cent year-on-year increase in Song DM. This year, due to the impact of chip shortage, SAIC and GAC two groups ...

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Dynasty expects revenue to nearly double year-on-year to over HK$170 million in the first half of 2021

indie
5 minutes

HONG KONG, Aug 2, 2021 - (ACN Newswire via SEAPRWire.com) - Dynasty Fine Wines Group Limited (Stock Code: 828), a premier winemaker in China, today issued a profit alert update based on its latest unaudited consolidated management accounts. The Group expects to record a year-on-year increase in consolidated revenue of approximately 90% to 100%, reaching more than HK$170 million for the six months ended 30 June 2021 ("the Period"). The consolidated profit for the Period is expected to be between HK$10 million and HK$20 million.The significant increase in Dynasty's revenue during the Period was mainly attributable to three factors. Firstly, as the COVID-19 pandemic has gradually been brought under control in China, the government has relaxed the restrictions on consuming places, which has boosted the resumption of consumption occasions and consumer sentiment, as well as the growth in economy, particularly in domestic demand, which led to recovery of sales. Secondly, compared with the same period last year, sales of medium to high end wine products increased during the Period following the Group's upgrade of its brands and products. Thirdly, the Group's sales team strengthened its coo...

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Toyota Releases Sales, Production, and Export Results for the First Half of 2021

ruth
2 minutes

Toyota City, Japan, Jul 29, 2021 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (TMC) announces its sales, production, and export results for June 2021 as well as the cumulative total from January to June, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.Global Sales- Global sales in the first half of 2021 were 5.005 million units (up 32.7 percent compared to 2020 and up 4.5 percent compared to 2019). This result was driven primarily by sales in North America and China.- Sales in North America were driven by solid sales in the U.S. of light trucks including the Highlander, HEVs including the Venza, and sedans including the Camry.- In China, the market was solid and sales of the Corolla, Levin, Camry, Avalon, and Lexus brand vehicles were strong.Global Production- Global production in the first half of 2021 was approximately 4.517 million units (up 36.3 percent compared to 2020 and down 2.7 percent compared to 2019). This result was driven primarily by production in China.- In China, strong sales of the Levin, Avalon, and other models contributed to the production results.Other Topics- The ratio of electrified vehicles in global sales inc...

SeaPRwire

Starbucks sales surge as coffee drinkers return to cafes

elean
2 minutes

NEW YORK (AFP) - Coffee drinkers returned to Starbucks cafes in a big way last quarter, fueling a surge in sales and better-than-expected profits, according to results released on Tuesday (July 27). The coffee chain, which has invested in improving its smartphone app to facilitate online orders, raised its full-year profit forecast on the heels of the strong results, with showed key benchmarks posting big gains in the third quarter ending June 27. "As the Great Human Reconnection continues to unfold, our partners are rising to the occasion, ready to meet our customers wherever they need us to be," said chief executive Kevin Johnson in an earnings release. But shares fell in after-hours trading, with CNBC pointing to the reduced outlook for China sales. Global comparable sales growth, which in the pre-pandemic era was considered strong which it showed increases in the high single digits, surged 73 per cent in the latest three months, reflecting the dramatic change in conditions due to the availability of coronavirus vaccines and the economic reopening. The chain scored profits of US$1.1 billion (S$1.5 billion), compared with a loss of US$678.4 million in the same period of 2020. Rev...

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Outplay Raises USD 7.3 Million to Make Outbound Sales Scalable

indie
4 minutes

San Francisco, Jul 22, 2021 - (ACN Newswire via SEAPRWire.com) - Multi-channel sales engagement platform, Outplay today announced its $7.3M series A fundraise from Sequoia Capital India. Outplay will use the funds raised to invest in technology and hiring exceptional talent across the globe. Businesses today rely on a combination of inbound and outbound sales models to drive revenues. While the inbound sales process has rapidly evolved over the last 10 years, outbound sales hasn't. Outbound sales teams typically use high-volume tactics to drive revenue. But this approach is not scalable and the revenue eventually becomes a function of the size of the outbound sales team. This is because outbound sales teams don?t have a data-driven approach for targeting prospects that are most likely to convert and end up spending time emailing or cold-calling hundreds of prospects hoping to convert a few. Launched in 2019, Outplay is on a mission to change this by bringing predictability to outbound sales and help every salesperson talk to the right prospect at the right time through the right channel. The platform helps outbound sales teams plan, execute, track, measure and optimize interactions...

JCN Newswire
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Honda Reaches 15 Million-Unit Mark in Cumulative Automobile Sales in China

ruth
2 minutes

BEIJING, China, Jul 12, 2021 - (JCN Newswire via SEAPRWire.com) - Honda today announced that Honda's cumulative automobile sales in China has reached the 15 million-unit mark. Starting sales in China in January 1999, Honda reached this milestone in 22 years, 6 months, the fastest of any region for Honda's global automobile sales. Moreover, HMCI also announced that Honda's cumulative hybrid vehicle sales in China has reached the 500,000-unit mark, in 4 years and 7 months since the start of sales in 2016.Since it started automobile business in China in 1998, Honda has been offering environmentally-responsible products filled with the joy of driving, including global models such as Accord and CR-V, as well as China-exclusive models such as Crider developed to fulfill customer needs specific to the Chinese market. In 2016, with the introduction of Accord equipped with the Sport Hybrid i-MMD(1), Honda's original high-efficiency hybrid-electric system, Honda began sales of hybrid-electric vehicles in China. Since then, Honda has continued enhancing its hybrid lineup and currently offers 9 hybrid models(2) in China in order to provide more customers with the unique value that only i-MMD c...

JCN Newswire
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Toyota Releases Sales, Production, and Export Results for May 2021

ruth
1 minute

Toyota City, Japan, Jun 29, 2021 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (TMC) announces its sales, production, and export results for May 2021 as well as the cumulative total from January to May, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.Global Sales- North America (276,000 units, up 50.3 percent year on year)In the U.S., sales were driven by solid sales of light trucks including the Highlander, HEVs including the Venza, and sedans including the Camry and Corolla, and in addition, sales dropped in the same month of the previous year due to effects of COVID-19. As a result, sales in North America were up substantially year-on-year.- China (169,000 units, up 1.5 percent year on year)Sales in China were up year-on-year due to strong sales of the Camry, Corolla, Levin, RAV4, and other models.- Japan (109,000 units, up 31.1 percent year on year)Sales were affected by COVID-19 in May of the previous year while this year, sales of the Harrier, Yaris, and other models were strong. As a result, sales in Japan were up year-on-year.For more information, visit https://global.toyota/en/. Copyright 2021 JCN Newswire. All rights reserved...

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Dynasty expects a 2.2-fold year-on-year revenue growth to over HK$100 million in the first four months of 2021

indie
4 minutes

HONG KONG, Jun 16, 2021 - (ACN Newswire via SEAPRWire.com) - Dynasty Fine Wines Group Limited (Stock Code: 828), a premier winemaker in China, issued its profit alert yesterday. The Group expects to record a significant year-on-year increase of approximately 220% to over HK$100 million in its unaudited revenue for the first four months of 2021 ("the Period"), which also represents an increase of approximately 20% when compared with its unaudited consolidated revenue of approximately HK$89.9 million in the six months ended 30 June 2020.The significant increase in Dynasty's revenue during the Period was mainly attributable to three factors: Firstly, as the COVID-19 pandemic has gradually been brought under control in China, the government has relaxed the restrictions on consuming places, which has boosted the resumption of consumption occasions and consumer sentiment, as well as the rebound in sales resulting from economic growth, particularly in terms of the growth in domestic demand. Secondly, compared with the same period last year, sales of medium to high end wine products increased during the Period following the Group's upgrade of its brands and products. Thirdly, the Group's s...

SeaPRwire

US retail sales fell in May in latest sign of bumpy recovery

elean
3 minutes

WASHINGTON (NYTIMES) - Retail sales fell more than expected last month, the US Commerce Department reported on Tuesday (June 15), a sign of the uneven recovery of the American consumer and a shift in spending patterns as the country reopens after the coronavirus pandemic. The 1.3 per cent decline in May followed months of ups and downs in retail spending. After falling to record lows about a year ago, sales bounced back sharply this spring, only to swing from month to month, driven by the ebb and flow of government stimulus and the persistence of the virus. The data from April was revised Tuesday to show an increase of 0.9 per cent. Still, economists said that the broader recovery remained on track. Rather than signaling a fundamental weakness, last month's spending data shows that consumers have most likely spent all they need to furnish their homes or upgrade their phones during the homebound months of the pandemic. Now, they are shifting their purchases to restaurants, lodging and travel, as vaccination rates rise and people feel safer venturing out. "The decline was a bit of a shock," said Beth Ann Bovino, US chief economist at S&P Global. "But there are reasons I am not worrie...

SeaPRwire

US stocks retreat after inflation, retail sales data

elean
2 minutes

NEW YORK (AFP) - Wall Street stocks retreated from records on Tuesday (June 15) following data showing higher inflation and lacklustre retail sales, while petroleum-linked shares rallied with oil prices. The economic data pointed to a bumpy United States recovery and came as the Federal Reserve began a two-day monetary policy meeting that will culminate with an announcement of its next steps on Wednesday. The Dow Jones Industrial Average finished down 0.3 per cent at 34,299.33. The broad-based S&P 500 lost 0.2 per cent at 4,246.59, while the tech-rich Nasdaq Composite Index tumbled 0.7 per cent to 14,072.86. Both the S&P 500 and Nasdaq finished at records on Monday. Producer prices for the past year spiked to 6.6 per cent last month, the highest in the history of the data set dating back to 2010, the US Labour Department said. Meanwhile, US retail sales fell by 1.3 per cent in May, a bigger-than-expected drop, US data showed. "Each month of high prices and sluggish labour market growth will test the Fed's patience," said a note from FHN Financial's Chris Low, adding that the Fed is likely on Tuesday to characterise the pricing jump as in line with expectations. "It will be interest...

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SCCG Management and On the Avenue Marketing Partner for its Venue Marketing Services for the US Gaming Market

indie
2 minutes

LAS VEGAS, NV, May 28, 2021 - (ACN Newswire via SEAPRWire.com) - Stephen Crystal of SCCG Management announces its partnership with On the Avenue Marketing, supporting its "best-in-class" on-site event services for lead generation, new user acquisition, and product sales to the US iGaming industry.Said Crystal, "On-site engagement could prove to be one of the most effective forms of affiliate marketing, in addition to its digital components. We felt that it was important to search for the company with the best practices for in-venue marketing."On the Avenue Marketing is a full-service event-based sales and marketing agency that provides top-notch brand activation programs focusing on customer acquisition. With 17+ years of experience creating and scaling programs for Fortune 500 companies, the agency is committed to excellence and believes that the value of in-person, one-on-one customer engagements is undeniable when designed and executed correctly.Patty Sins, Founder and President of On the Avenue Marketing, said of the announcement, "OTAM is excited to partner with SCCG, a company that demonstrates daily its true passion and commitment to the world of gaming. We look forward to c...

JCN Newswire
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Toyota Global Sales Secures 859,000 Units for April 2021

ruth
2 minutes

Toyota City, Japan, May 28, 2021 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (TMC) announces its sales, production, and export results for April 2021 as well as the cumulative total from January to April, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.Global SalesNorth America (272,000 units, up 188.5 percent year on year)In the U.S., continued solid sales of light trucks such as the RAV4, Highlander and 4RUNNER, and HEVs such as the RAV4 and Venza continued. This, together with the fact that sales had dropped in April of the previous year due to effects of COVID-19, meant that sales were substantially up year on year.China (160,000 units, up 12.2 percent year on year)Sales of the Avalon, Camry, RAV4, Wildlander and other models were strong, and sales were substantially up year on year.Japan (124,000 units, up 27.1 percent year on year)Despite modest effects due to the declarations of a state of emergency and semi-state of emergency, sales were up year on year due to sales in April of the previous year being affected by COVID-19 and strong sales of the Harrier and Yaris.*ReferenceGlobal sales for April 2019 were 788,000 units.For th...

SeaPRwire

Tech CEOs reap huge profits in stock sales

elean
3 minutes

BLOOMBERG - Stock sales are reaping a windfall for the world's richest shareholders. Corporate insiders including Amazon boss Jeff Bezos and Google co-founder Sergey Brin have ramped up stock sales recently, cashing in on a 14-month-long bull market that has helped boost fortunes by the trillions. US public company insiders offloaded shares worth US$24.4 billion (S$32.5 billion) this year through the first week of this month, with about half sold through trading plans, according to data compiled by Bloomberg. That is almost as much as the US$30 billion total they disposed of in the second half of last year. Large shareholders sell stock frequently at planned intervals, often through pre-arranged trading programmes. Yet the prolonged rally in equities markets has made the value of these disposals, whether planned or opportunistic, strikingly high. There are multiple reasons an investor of any size might be motivated to sell. After the pandemic-defying rally, valuations are increasingly under pressure from rising inflation. Investors are wary that the post-Covid-19 recovery could prompt tightening measures from the Federal Reserve. And President Joe Biden's proposed tax hikes - inclu...

ACN Newswire
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Man Wah FY2021 Revenue from Main Business Up 35% to HK$16.4 Billion Despite Harsh Market Conditions, Net Profit Rises to HK$1.92 Billion

indie
6 minutes

HONG KONG, May 14, 2021 - (ACN Newswire via SEAPRWire.com) - Man Wah Holdings Limited ("Man Wah" or the "Group", stock code: 1999) today announced its audited annual results for the year ended 31 March 2021 ("FY2021" or the "Review Year"). During the Review Year, Man Wah actively promoted the development of its domestic business, enabling the Group to overcome effectively the adverse external impact on its business. The Group's market share in China's recliner sofa market has expanded to 59%, an achievement which has made it the world's top seller of recliner sofas for three consecutive years.In FY2021, the Group's sales revenue (excluding those from real estate, malls and other businesses) increased by 35.3% to HK$16.43 billion as it received a strong boost from sales revenue in the China market where revenue significantly increased by approximately 61.9%. Profit Attributable to Owners of the Company expanded by 17.5% to HK$1.92 billion. Net profit margin was approximately 11.7%. As of 31 March 2021, the Group was in a sound financial position, with a bank balance and cash of approximately HK$2.4 billion, and a current ratio at 1.4. To reward shareholders for their long-term suppo...