30.3 C
Vientiane
Thursday, June 5, 2025
spot_img
Home Blog Page 133

ISSEI 2025: Strategic Planning of The National Steel Industry For A Greener and More Competitive Future

JAKARTA, Indonesia, May 21, 2025 /PRNewswire/ — The national iron and steel industry marks another significant milestone with the official opening of the Iron-Steel Summit & Exhibition Indonesia 2025 (ISSEI), organized by PT Debindo Mega Promo, held from today until May 23, 2025, at Hall A-B, Jakarta International Convention Center (JICC). This event is a collaboration between the Indonesian Iron & Steel Industry Association (IISIA) and the South East Asia Iron & Steel Institute (SEAISI), with strong support from the Coordinating Ministry for Economic Affairs of the Republic of Indonesia, the Ministry of Industry of the Republic of Indonesia, and the Ministry of Trade of the Republic of Indonesia.

Opening Ceremony ISSEI 2025
Opening Ceremony ISSEI 2025

Carrying the theme “Together with the National Steel Industry, Building the Foundation Towards Golden Indonesia,” ISSEI 2025 serves as a strategic forum that brings together stakeholders from the entire iron and steel industry value chain, government officials, associations, and the education sector. Through this synergy, the event aims to foster cross-sector collaboration to strengthen the steel industry’s role as a key pillar in national economic development towards the vision of Golden Indonesia 2045.

The opening ceremony was attended by government officials, association leaders, industry figures, and international delegates. In his remarks, IISIA Chairman and President Director of PT Krakatau Steel, Muhamad Akbar Djohan, emphasized the importance of collaboration and innovation to enhance the competitiveness of the national steel industry at both regional and global levels. “This event marks a historic moment of collaboration between SEAISI and IISIA, strengthening our shared vision for a more resilient, competitive, and sustainable ASEAN steel industry,” said Akbar.

Meanwhile, SEAISI Chairman Dato Lim Hong Thye highlighted Indonesia’s strategic role in the Southeast Asian steel industry landscape and the importance of adopting environmentally friendly technologies to support sustainable development. “This event is highly important and holds even greater potential for the steel industry in ASEAN,” he added.

Over the course of three days, ISSEI 2025 features a series of main events, including a national seminar, panel discussions, talk shows with industry experts, exhibitions of the latest steel technologies and products, business matching sessions, and the Green Steel Building Competition. These activities are expected to strengthen the roadmap for the resilience of the national steel industry and accelerate the sector’s role as a main pillar of the economy towards Golden Indonesia 2045.

This event also serves as a key platform to showcase innovative steel products that support national infrastructure development, including strategic national projects. In addition, ISSEI 2025 highlights various environmentally friendly technologies that contribute to carbon emission reduction and energy efficiency in the steel sector.

The opening ceremony was also attended by the Coordinating Minister for Economic Affairs of the Republic of Indonesia, Mr. Airlangga Hartarto. In his speech, Mr. Airlangga stated, “This is the time for major producers in the iron industry to become stronger, more structured, and better planned.”

For more information about ISSEI 2025, please visit www.isseindonesia.com and follow Instagram @ironsteelsummitexhibindo. Don’t miss the Iron-Steel Summit & Exhibition Indonesia 2025 (ISSEI), taking place from May 21–23, 2025, at Hall A-B, Jakarta International Convention Center (JICC).

Delta Presents Comprehensive Solutions for AI Data Center with Containerized Data Center & HVDC Power Solution at COMPUTEX 2025

TAIPEI, May 21, 2025 /PRNewswire/ — Delta, a global leader in power management and smart green solutions, today unveiled its comprehensive solutions for the AI era with a focus on sustainability under the theme “Artificial Intelligence x Greening Intelligence.” The showcase features the newly-launched AI containerized data center solution designed for edge computing. This 20-foot container, which integrates power, cooling, and IT equipment, is on display at Delta’s booth and drawing significant visitor interest. Delta is also announcing new certification for the in-rack CDU solution for NVIDIA GB200 NVL72, delivering more solutions for in-rack cooling for NVIDIA’s customers.  In response to the growing power demands of AI computing, Delta also introduces an innovative 800V High Voltage Direct Current (HVDC) power architecture solutions for AI data centers, along with a microgrid solution that enhances grid resilience. With its comprehensive developments in grid-to-chip power and thermal management solutions, Delta aims to optimize energy efficiency in the AI era and enable a sustainable AI future.

Ping Cheng, Delta’s Chairman and CEO, said, “With the rapid expansion of AI applications, industries worldwide are facing the dual challenge of meeting computing demands while maintaining sustainability. As a global leader in power and thermal management, Delta strives to enhance the energy efficiency of its products and optimize power architectures to reduce the stage of energy conversion and minimize total energy loss. For enterprise users looking to adopt AI, we also address the need for rapid and simplified deployment by offering a highly integrated containerized data center solution, including for NVIDIA GB200 NVL72. Through innovative technology, Delta is helping drive the development of sustainable AI.”

Shan-Shan Guo, Delta’s Chief Brand Officer, said, “This year, Delta is highlighting sustainable AI with an immersive exhibition that covers the grid, data center, server and chip. The showcase begins with the ‘Greening Intelligence’ zone presenting key insights from a global sustainable AI research report conducted by Economist Impact, which was supported by Delta. This area introduces critical sustainability topics and guides visitors toward practical solutions featured in our booth, such as a full-scale AI containerized data center. Additionally, we are debuting our new brand video ‘In You, In Me’, which features an AI robot collaborating with a data center, illustrating a vision of a sustainable AI future.”

Power Solutions and Thermal Management for AI Data Centers

Ares Chen, VP and General Manager of Delta Power and System Business Group, said, “Delta offers the grid to chip total solution, covering power supplies, passive components, and thermal management. AI data centers using Delta’s 800V HVDC architecture achieve groundbreaking power delivery capabilities, improving energy efficiency by over 4%—reaching up to 92%. To address the high heat density generated by AI servers, Delta also provides a full range of air and liquid cooling solutions.

As part of its HVDC solution, Delta showcases its Core Shell Liquid-Cooled Busbar and HVDC Air-Cooled Busbar, supporting up to 50VDC/8000A and 800VDC/1000A power capacity to ensure stable system operation. In advanced liquid cooling, Delta’s liquid-to-liquid cooling systems can provide up to 1,500 kW of cooling capacity. Delta also features rack-level coolant distribution units (CDUs) with cooling capacity up to 200kW, along with liquid-cooled cold plate modules designed for GPUs and CPUs, delivering robust thermal support for next-generation chips.

ICT and Energy Infrastructure Solutions for AI Data Centers

Kelvin Huang, VP and General Manager of Delta’s ICT Infrastructure Business Group, said, “In response to the high power consumption and high-density computing demands of AI servers, we showcase our AI containerized data center solution. Compared to traditional data centers, it can be deployed within weeks, significantly shortening construction time and reducing costs. It allows flexible deployment in remote areas, making it ideal for AI computing, enterprise edge nodes, and telecom facilities.”

Additionally, Delta also highlights that data centers are rapidly adopting microgrids and renewable energy solutions. With key technologies such as hydrogen energy and energy storage, Delta can integrate diverse power sources and dynamic load demands. Through intelligent energy dispatching, Delta’s solutions enable optimal energy allocation and stable power supply.

COMPUTEX 2025 will be held from May 20 to 23 at the Nangang Exhibition Center. Delta’s booth is located in Hall 1, 4F, stand No. L0617a. We welcome media stakeholders, customers, partners and the general public to build the future of sustainable AI together with Delta.

Key highlights at the Delta booth at COMPUTEX 2025 include:

AI Containerized Data Center Solution

The prefabricated AI containerized data center features rapid deployment, scalability, and high flexibility, which is designed for edge computing applications. It isolates external harsh environments and offers the same high reliability as traditional data centers, making it ideal for edge computing, small and medium enterprises. It includes NVIDIA-accelerated servers, 800G/1.6T switches, 55 kW power shelf, BBU shelf, 80 kW liquid cooling system, delivering unparalleled performance and scalability for AI. It can also integrate Delta’s AI-powered cloud surveillance to monitor the site 24/7, this solution not only enhances security but also boosts operational efficiency.

HVDC Solutions

  • In Row Power: Power usage from GPUs and systems that use them is growing faster than anticipated. Delta’s system offers 98% maximum efficiency with maximum capacity of 800kW, up to 800VDC output with battery and capacitor modules to support future AI platforms.
  • HVDC Power Shelf: The newly-developed 180kW(2OU) and 72kW(1OU) AC-DC Server Power Shelves to convert 3-phase 415-480VAC from the transformer to 800VDC with efficiency up to 98%. Additionally, the new 90kW DC-DC Server Power Shelf converts 800VDC to 50VDC
  • Power Capacitance Shelf: With built-in supercapacitors, it enables real-time charging and discharging to handle GPU dynamic load reflections. In the situation of a sudden power outage, it can also provide backup power of 20 kW for 15 seconds to prevent data loss when sudden power outage occurs.
  • e-Fuse Module: It can be integrated into rack-mounted PDU/ CBU/ BBU /DC power supplies within HVDC architecture. It features protection against abnormal voltage, current, and overheating, and supports safe disconnection and soft start during hot-swapping. Compared to traditional ones, it offers response speeds over a thousand times faster and significantly enhanced safety.
  • Liquid/ HVDC Air Cooled Busbar: The newly-launched Core Shell Liquid-Cooled Busbar and HVDC Air-Cooled Busbar respectively offer up to 50 VDC/8000A and 800VDC /1000A power capacity to ensure stable system operation.
  • HVDC Technology Fan Wall: The HVDC powered air-cooling design features a high-power, high-performance fan wall setup that ensures stable system operation.

Liquid and Air-Cooling Solutions for AI Data Centers and GPU Systems

  • 1,500 kW Liquid-to-Liquid(L2L) CDU: It provides up to 1,500 kW of cooling capacity. This solution is specifically designed to handle the thermal challenges of multiple high-density AI racks.
  • Liquid-to-Liquid(L2L)/ Liquid-to-Air(L2A) In-Rack CDU: The new 4U/6U L2L in-rack CDU design with 140kW/200kW cooling capacity; and the 20U L2A in-rack CDU design with 24 kW cooling capacity for traditional air-cooled data centers, enabling flexible integration with existing infrastructure.
  • Chip Liquid / Air Cooling and EC Fans: Liquid and air cooling options for AI chips include Cold Plate Loops and 4U 3D Vapor Chamber with 1000W cooling capacity. To meet the cooling efficiency demands of data centers, HPAM EC technology fans are available for AHU/Fan Wall/Chiller/Dry Cooler.

Microgrid for Data Center

  • Solid-State Transformer (SST): SST is engineered for seamless AC/DC power conversion between medium-voltage (MV) and low-voltage (LV) grids. Utilizing solid-state components and SiC power modules, the SST significantly reduces energy loss and physical footprint. It offers rapid deployment and easy scalability. With its intelligent and bidirectional features, the SST seamlessly integrates with distributed clean energy and energy storage systems.
  • Hydrogen Fuel Cell Solutions: Delta’s Solid Oxide Fuel Cell (SOFC) delivers 60% efficiency, provides stable 24-hour power supply, and with its modular design, allows for rapid expansion, making it the optimal primary power solution for microgrids and mission critical infrastructure.
  • Energy Storage Solution: Delta’s U series energy storage solution integrates PCS modules, battery packs, transformer, LV/MV distribution panels, and site controllers into two standard 20-foot containers, delivering 2.5 MW/ 5MWh of capacity. It features advanced liquid cooling technology and a comprehensive fire protection system, ensuring exceptional energy efficiency and uncompromising safety across all operating conditions.

AI Applications

  • AI-powered smart manufacturing: Leveraging Delta’s digital twin technology integrated with NVIDIA Omniverse, Delta has successfully developed high-fidelity, real-time, and physically accurate simulations for workshops, production lines and collaborative robot D-Bot. It significantly enhances efficiency in product development, testing, and deployment.
  • BIM-empowered iDCIM solution: It provides a one-stop service for data centers and building weak current systems by integrating Building Information Modeling (BIM) technology with facility management. It can simulate complex thermofluidic dynamics, enabling predictive modelling of heat distribution and airflow patterns. This allows for proactive thermal optimization, reduced energy consumption, and effective lowering of operational costs.

About Delta

Delta, founded in 1971, and listed on the Taiwan Stock Exchange (code:2308), is a global leader in switching power supplies and thermal management products with a thriving portfolio of IoT-based smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” Delta leverages its core competence in high-efficiency power electronics and its ESG-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to ESG. Since 2011, Delta has been listed on the Dow Jones Best-in-Class World Index (formerly the DJSI World Index of Dow Jones Sustainability™ Indices) for 14 consecutive years. Delta has also won CDP with double A List for 4 times for its substantial contribution to climate change and water security issues and has been named Supplier Engagement Leader for its continuous development of a sustainable value chain for 7 consecutive years.

For detailed information about Delta, please visit: www.deltaww.com 

Hunan Museum Announces Latest Findings on the Mawangdui Han Tomb


CHANGSHA, CHINA – Media OutReach Newswire – 21 May 2025 – As an important connector, innovator, and guardian of cultural identity, Hunan Museum has launched the “Xiangyun · Rebirth” series of activities since May 16, aligning with this year’s International Museum Day theme “The Future of Museums in a Rapidly Changing Society.” Focusing on three dimensions—deepened research, digital revitalization, and innovative communication & services—the Museum aims to release and showcase its recent achievements and future plans to the public, breathing new life into ancient cultural heritage in the new era.

Hunan Museum Announces Latest Findings on the Mawangdui Han Tomb

In response to the contemporary proposition of scientific and technological innovation-driven development, Hunan Museum relies on technology to empower cultural heritage research. With the continuous advancement of research on cultural relics unearthed from the Mawangdui Han Tombs, and with the technical support of modern high-definition equipment, breakthrough progress has been made in its research.One such breakthrough involves Chengyun Embroidery (“Cloud-Riding Embroidery”), long misidentified as a “pillow towel.” Comparative analysis of excavation data and historical records confirmed it as China’s earliest known yinxi (silk cushion), reshaping academic and public understanding.Another discovery emerged through high-resolution scans of the Mawangdui T-shaped Painting on Silk. Researchers identified repainting traces in figures like Dihun (heavenly gate guardians) and the Divine Leopard, offering new insights into Han Dynasty artistic techniques.The third finding is the identification of a double-phoenix motif in the Chengyun Embroidery—a significant addition to Mawangdui embroidery studies—highlighting the aesthetic values and craftsmanship of Han textile art.

Hunan Museum also unveiled outcomes from two digital heritage initiatives: Exploring Yuan Plan 2024 and Digital Han Lifestyle. The former used AI to recreate a Western Han straight-cut, printed, color-painted silk-padded robe, showcasing exquisite detail, historical depth, and dynamic beauty—granting the garment a digital rebirth.Meanwhile, Digital Han Lifestyle offers an immersive exploration of Han clothing, cuisine, dwellings, transportation, and spiritual aesthetics. Visitors can wear Han robes, enjoy traditional banquets, and experience classical music, engaging with Chinese heritage across dimensions.

By unveiling these achievements, Hunan Museum not only affirms its leading role in digital heritage innovation but also opens new windows for the public to engage with Han civilization—fostering the creative transformation and dynamic transmission of Chinese traditional culture in the digital age.

The issuer is solely responsible for the content of this announcement.

Luang Prabang Pushes for Green Destination Certification to Boost Sustainable Tourism

Tourists in Lunag Prabang in 2025 (Photo: Kheuakham Chanlivong)

Luang Prabang is taking steps to further enhance its tourism sector by exploring the possibility of receiving the prestigious Tourism Destination Award from the Green Destinations Organization.

SANY 2024 ESG Report: Promoting High-Quality Development Driven by Green Innovation

BEIJING, May 21, 2025 /PRNewswire/ — SANY Heavy Industry (SANY) has published its 2024 Environmental, Social, and Governance (ESG) Report (the “Report”) disclosing the company’s breakthrough achievements in the fields of clean energy development, green manufacturing and social responsibility practices.

Promoting High-Quality Development Driven by Green Innovation
Promoting High-Quality Development Driven by Green Innovation

In 2024, SANY invested 520 million yuan (USD72.12 million) in environmental protection, fully committed to promote high-quality development of the industry powered by green innovation.

“In the future, SANY plans to continuously boost investment in clean technology research and development, manufacturing facility upgrades and market expansion, to further expand clean energy product lines and efficient energy utilization solutions. We will continue our efforts to bring more value to our customers and support the green transformation with new quality productive forces,” said Mr. Xiang Wenbo, Chairman of SANY Heavy Industry.

Advancing clean energy products and green manufacturing

In 2024, SANY implemented a wide range of energy-saving and consumption reduction projects. The whole-process carbon reduction practices and emission reduction efforts have been significant:

  • SANY saved a cumulative total of 0.32 billion yuan (USD44.38 million) in energy cost.
  • SANY has applied photovoltaic power generation equipment in 21 subsidiaries, with clean energy usage amounting to 76.072 million kWh, which accounted for 13.8% of total energy usage.
  • The VOC emission density is 14.47 tons/million yuan revenue in 2024, a decrease of 17.9% from the base year (2021).
  • Strict controls of COD and ammonia nitrogen emissions through wastewater treatment process optimization and online monitoring have lowered the wastewater COD emissions intensity to 0.34 tons/million yuan revenue, an 84.5% decrease from 2021.

SANY plans to continue strengthen clean technology R&D and production facility upgrades in the future with the goal of realizing more efficient energy utilization solutions.

Prioritizing health and safety, focusing on employee development and social welfare

SANY is committed to supporting all employees equally. In 2024, 89% of the group’s overseas employees are local hires, and female accounted for 12% of the executive management. The 550-million-yuan (USD76.23 million) employee stock ownership plan launched in 2024 benefited 6,241 people, and throughout the year SANY conducted 485 training sessions which were participated by 93% of employees.

In 2024, SANY organized training on special equipment safety and fire prevention, with a accumulated total of 176,441 participants in health and safety trainings. Its annual injury rate was 1.78‰ and the number of occupational disease injuries was zero.

In addition, SANY is actively investing in social welfare. It donated about 18.16 million yuan (USD2.52 million) to social public welfare funds with cumulative investment exceeding 340 million yuan (USD47.16 million). It carried out 143 public welfare activities covering education, disaster relief and rural revitalization.

ESG strategy safeguarded by digital intelligence

In 2024, SANY optimized its ESG governance structure at the board level and held four shareholders’ meetings and seven board of directors’ meetings with a 100% attendance rate.

It has built an intelligent supervision and review platform that released 4,568 batches of early warning data and completed 3,754 verifications to realize full-process digital and intelligent control.

“We accelerated our global layout in 2024 and leveraged digital technologies to promote intelligent manufacturing and transformation, actively research and develop new energy equipment and low-carbon products to support global sustainable development,” noted Mr. Xiang Wenbo. “Looking ahead, we aim to lead new productivity development including green and intelligent technologies and contribute to reaching China’s ‘Dual Carbon’ goals and global climate actions.”

 

Vantage Set to Take Center Stage at Wealth Expo Argentina 2025

PORT VILA, Vanuatu, May 21, 2025 /PRNewswire/ — Vantage Markets has confirmed its participation in the Wealth Expo Argentina 2025, set to take place in Buenos Aires. As one of Latin America’s premier finance and investment events, the expo brings together key industry players, innovators, and financial professionals where Vantage will engage with attendees through various activities and discussions.

Vantage Set to Take Center Stage at Wealth Expo Argentina 2025
Vantage Set to Take Center Stage at Wealth Expo Argentina 2025

This year, Vantage will not only showcase its award-winning multi-asset trading platform at the expo but also lead insightful discussions through a dynamic lineup of featured speakers from its team.

Visitors to the Wealth Expo can look forward to engaging and informative sessions led by the Vantage team:

  • Alejandro Zelniker, Affiliates and Partners Business Strategist, will address the essential topic “Your Money Security Comes First,” highlighting best practices in safeguarding financial assets and navigating the digital finance space safely.
  • Agustin Zanardo, Business Development Manager, will tackle “Common Mistakes Among Traders,” sharing general observations on common trader mistakes and risk considerations in volatile markets.
  • Juan Gonzalez, Client Relationship Growth Market Analyst, will discuss the topic on “Trading for Everyone: Challenges of the Financial Inclusion,” a powerful look at the opportunities and obstacles in expanding access to financial markets across the region.

Adding to the excitement, Vantage is also nominated for “Best Trading Platform” at the Wealth Expo, further affirming its commitment to excellence and innovation in the global financial space.

Vantage’s participation at Wealth Expo Argentina also reflects the brand’s growing presence and its mission to provide access to tools and educational resources to navigate global markets with confidence.

“Latin America is a region full of opportunity, and Wealth Expo Argentina is the perfect platform for us to engage with event attendees, exchange insights, and participate in discussions that matter to the broader financial community,” said Marc Despallieres, CEO of Vantage Markets. “We are excited to contribute to the conversation that’s shaping the future of finance in the region.”

To learn more about the event at Wealth Expo Argentina 2025. Visit Vantage Markets, for more updates.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a reliable trading platform, an award-winning mobile trading app, and a user-friendly trading platform that provide clients access to trading opportunities.

trade smarter @vantage

RISK WARNING: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ensure you understand the risks before trading.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice, an offer, or solicitation of any financial products or services. The content is not intended for residents of any jurisdiction where such distribution or use would be contrary to local law or regulation. Readers are advised to seek independent professional advice before making any investment or financial decisions. Any reliance you place on the information presented is strictly at your own risk.

Weibo Announces First Quarter 2025 Unaudited Financial Results

BEIJING, May 21, 2025 /PRNewswire/ — Weibo Corporation (“Weibo” or the “Company”) (Nasdaq: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the first quarter ended March 31, 2025.

“We are pleased with our progresses made on the AI product front,” said Gaofei Wang, CEO of Weibo. “On the user front, we remain committed to creating user value by focusing on the integration of Weibo’s social features and upgrade of the recommendation system. In the first quarter, we further grew our user community and deepened user engagement. On the AI application front, we have made Weibo Intelligent Search, our AI-powered search function, available to all users. During the first quarter, both the user base and daily search queries of Weibo Intelligent Search achieved decent sequential growth. On the monetization front, we delivered solid performance of ad business, leveraging our strengths in content marketing and enhanced ad placement efficiency of our real-time-bidding information feed ad products. Benefiting from solid execution of disciplined spending strategy, our operating efficiency further improved, which laid foundation for us to invest for our product competitiveness, AI technology, as well as shareholder return.”

First Quarter 2025 Highlights 

  • Net revenues were US$396.9 million, flat year-over-year or an increase of 1% year-over-year on a constant currency basis [1].
  • Advertising and marketing revenues were US$339.1 million, flat year-over-year or an increase of 1% year-over-year on a constant currency basis [1].
  • Value-added services (“VAS”) revenues were US$57.7 million, an increase of 2% year-over-year or 3% year-over-year on a constant currency basis [1].
  • Income from operations was US$110.3 million, representing an operating margin of 28%.
  • Net income attributable to Weibo’s shareholders was US$107.0 million and diluted net income per share was US$0.41.
  • Non-GAAP income from operations was US$129.5 million, representing a non-GAAP operating margin of 33%.
  • Non-GAAP net income attributable to Weibo’s shareholders was US$119.5 million and non-GAAP diluted net income per share was US$0.45.
  • Monthly active users (“MAUs”) were 591 million in March 2025.
  • Average daily active users (“DAUs”) were 261 million in March 2025.

[1] We define constant currency (non-GAAP) by assuming that the average exchange rate in the first quarter of 2025 was the same as it was in the first quarter of 2024, or RMB7.15=US$1.00.

First Quarter 2025 Financial Results

For the first quarter of 2025, Weibo’s total net revenues were US$396.9 million, relatively flat compared to US$395.5 million for the same period last year.

Advertising and marketing revenues for the first quarter of 2025 were US$339.1 million, relatively flat compared to US$339.0 million for the same period last year. Advertising and marketing revenues excluding advertising revenues from Alibaba were US$296.5 million, a decrease of 6% compared to US$316.4 million for the same period last year. The decrease mainly resulted from less revenue contributions from the online gaming and handset manufacturing sectors on a year over year basis, primarily due to high base effect and difference of handset product launch schedule respectively. Advertising and marketing revenues from Alibaba were US$42.6 million, an increase of 89% compared to US$22.6 million, mainly attributable to its strong promotional demand related to Spring Festival Gala, as well as incremental ad spend in promoting its AI-related products.

VAS revenues for the first quarter of 2025 were US$57.7 million, an increase of 2% compared to US$56.5 million for the same period last year, primarily driven by the growth of membership services revenues.

Costs and expenses for the first quarter of 2025 totaled US$286.5 million, a decrease of 3% compared to US$295.8 million for the same period last year, primarily resulting from the decrease in sales and marketing expenses.

Income from operations for the first quarter of 2025 was US$110.3 million, compared to US$99.7 million for the same period last year. Operating margin was 28%, compared to 25% last year. Non-GAAP income from operations was US$129.5 million, compared to US$125.8 million for the same period last year. Non-GAAP operating margin was 33%, compared to 32% last year.

Non-operating income for the first quarter of 2025 was US$22.1 million, compared to non-operating loss of US$23.6 million for the same period last year. Non-operating income for the first quarter of 2025 mainly included (i) net interest and other income of US$13.7 million; and (ii) gain from fair value change of investments of US$8.1 million, which was excluded under non-GAAP measures.

Income tax expenses for the first quarter of 2025 were US$24.3 million, compared to US$25.0 million for the same period last year.

Net income attributable to Weibo’s shareholders for the first quarter of 2025 was US$107.0 million, compared to US$49.4 million for the same period last year. Diluted net income per share attributable to Weibo’s shareholders for the first quarter of 2025 was US$0.41, compared to US$0.19 for the same period last year. Non-GAAP net income attributable to Weibo’s shareholders for the first quarter of 2025 was US$119.5 million, compared to US$106.6 million for the same period last year. Non-GAAP diluted net income per share attributable to Weibo’s shareholders for the first quarter of 2025 was US$0.45, compared to US$0.41 for the same period last year.

As of March 31, 2025, Weibo’s cash, cash equivalents and short-term investments totaled US$2.08 billion, compared to US$2.35 billion as of December 31, 2024. The decrease of Weibo’s cash, cash equivalent and short-term investments mainly resulted from the purchase of long-term wealth management products in the first quarter of 2025. For the first quarter of 2025, cash provided by operating activities was US$113.2 million, capital expenditures totaled US$9.4 million, and depreciation and amortization expenses amounted to US$13.6 million.

Conference Call

Weibo’s management team will host a conference call from 7:00 AM to 8:00 AM Eastern Time on May 21, 2025 (or 7:00 PM to 8:00 PM Beijing Time on May 21, 2025) to present an overview of the Company’s financial performance and business operations.

Participants who wish to dial in to the teleconference must register through the below public participant link. Dial-in and instructions will be provided in the confirmation email upon registering.

Participants Registration Link:  

https://register-conf.media-server.com/register/BIbb5c504e4aeb43a380f69d373cfb8ca0

Additionally, a live and archived webcast of this conference call will be available at http://ir.weibo.com.

Non-GAAP Financial Measures

This release contains the following non-GAAP financial measures: non-GAAP income from operations, non-GAAP net income attributable to Weibo’s shareholders, non-GAAP diluted net income per share attributable to Weibo’s shareholders and adjusted EBITDA. These non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of the Company’s financial performance prepared in accordance with U.S. GAAP.

The Company’s non-GAAP financial measures exclude stock-based compensation, amortization of intangible assets resulting from business acquisitions, net results of impairment and provision on investments, gain/loss on sale of investments and fair value change of investments, non-GAAP to GAAP reconciling items on the share of equity method investments, non-GAAP to GAAP reconciling items for the income/loss attributable to non-controlling interests, income tax expense related to the amortization of intangible assets resulting from business acquisitions and fair value change of investments (other non-GAAP to GAAP reconciling items have no tax effect), and amortization of issuance cost of convertible senior notes, unsecured senior notes and long-term loans. Adjusted EBITDA represents non-GAAP net income attributable to Weibo’s shareholders before interest income/expense, net, income tax expenses/benefits, and depreciation expenses.

The Company’s management uses these non-GAAP financial measures in their financial and operating decision-making, because management believes these measures reflect the Company’s ongoing operating performance in a manner that allows more meaningful period-to-period comparisons. The Company believes that these non-GAAP financial measures provide useful information to investors and others in the following ways: (i) in comparing the Company’s current financial results with the Company’s past financial results in a consistent manner, and (ii) in understanding and evaluating the Company’s current operating performance and future prospects in the same manner as management does. The Company also believes that the non-GAAP financial measures provide useful information to both management and investors by excluding certain expenses, gains/losses and other items (i) that are not expected to result in future cash payments or (ii) that are non-recurring in nature or may not be indicative of the Company’s core operating results and business outlook.

Use of non-GAAP financial measures has limitations. The Company’s non-GAAP financial measures do not include all income and expense items that affect the Company’s operations. They may not be comparable to non-GAAP financial measures used by other companies. Accordingly, care should be exercised in understanding how the Company defines its non-GAAP financial measures. Reconciliations of the Company’s non-GAAP financial measures to the nearest comparable GAAP measures are set forth in the section below titled “Unaudited Reconciliation of Non-GAAP to GAAP Results.”

About Weibo

Weibo is a leading social media for people to create, share and discover content online. Weibo combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution. Any user can create and post a feed and attach multi-media and long-form content. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. This simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream.

Weibo enables its advertising and marketing customers to promote their brands, products and services to users. Weibo offers a wide range of advertising and marketing solutions to companies of all sizes. Weibo generates a substantial majority of its revenues from the sale of advertising and marketing services, including the sale of social display advertisement and promoted marketing offerings. Weibo displays content in a simple information feed format and offers native advertisement that conform to the information feed on our platform. We are continuously refining our social interest graph recommendation engine, which enables our customers to perform people marketing and target audiences based on user demographics, social relationships, interests and behaviors, to achieve greater relevance, engagement and marketing effectiveness.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology, such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “confidence,” “estimates” and similar statements. Among other things, Weibo’s expected financial performance and strategic and operational plans, as described, without limitation, in quotations from management in this press release, contain forward-looking statements. Weibo may also make written or oral forward-looking statements in the Company’s periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, Weibo’s limited operating history in certain new businesses; failure to sustain or grow active user base and the level of user engagement; the uncertain regulatory landscape in China; fluctuations in the Company’s quarterly operating results; the Company’s reliance on advertising and marketing sales for a majority of its revenues; failure to successfully develop, introduce, drive adoption of or monetize new features and products; failure to compete effectively for advertising and marketing spending; failure to successfully integrate acquired businesses; risks associated with the Company’s investments, including equity pick-up and impairment; failure to compete successfully against new entrants and established industry competitors; changes in the macro-economic environment, including the depreciation of the Renminbi; and adverse changes in economic and political policies of the PRC government and its impact on the Chinese economy. Further information regarding these and other risks is included in Weibo’s annual reports on Form 20-F and other filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is current as of the date hereof, and Weibo assumes no obligation to update such information, except as required under applicable law.

Contact:
Investor Relations
Weibo Corporation
Phone: +86 10 5898-3336
Email: ir@staff.weibo.com 

 

WEIBO CORPORATION

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands of U.S. dollars, except per share data)

Three months ended

March 31,

March 31,

2024

2025

Net revenues:

     Advertising and marketing

$        338,951

$        339,106

     Value-added services

56,546

57,749

Net revenues

395,497

396,855

Costs and expenses:

     Cost of revenues (1)

86,821

88,802

     Sales and marketing (1)

103,627

95,810

     Product development (1)

80,726

76,021

     General and administrative (1)

24,586

25,912

Total costs and expenses

295,760

286,545

Income from operations

99,737

110,310

Non-operating income (loss):

     Investment related income (loss), net

(4,970)

8,357

     Interest and other income (loss), net

(18,611)

13,746

(23,581)

22,103

Income before income tax expenses

76,156

132,413

     Less: Income tax expenses

25,044

24,291

Net income

51,112

108,122

     Less: Net income attributable to non-controlling interests

548

334

               Accretion to redeemable non-controlling interests

1,126

824

Net income attributable to Weibo’s shareholders

$          49,438

$        106,964

Basic net income per share attributable to Weibo’s shareholders

$               0.21

$               0.45

Diluted net income per share attributable to Weibo’s shareholders

$               0.19

$               0.41

Shares used in computing basic net income per share attributable

    to Weibo’s shareholders

236,694

238,284

Shares used in computing diluted net income per share attributable

    to Weibo’s shareholders

263,644

266,494

(1) Stock-based compensation in each category:

Cost of revenues

$            1,773

$             1,239

Sales and marketing

3,823

2,929

Product development

10,438

6,840

General and administrative

4,978

4,039

 

WEIBO CORPORATION

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands of U.S. dollars)

As of

December 31,

March 31,

2024

2025

Assets

Current assets:

Cash and cash equivalents

$       1,890,632

$       1,205,765

Short-term investments

459,852

878,054

Accounts receivable, net

339,754

357,201

Prepaid expenses and other current assets

348,774

341,241

Amount due from SINA(1)

452,769

452,988

      Current assets subtotal

3,491,781

3,235,249

Property and equipment, net

215,034

226,867

Goodwill and intangible assets, net

272,004

269,088

Long-term investments

1,389,199

1,408,323

Other non-current assets

1,136,481

1,519,352

Total assets

$       6,504,499

$       6,658,879

Liabilities, Redeemable Non-controlling Interests and Shareholders’ Equity 

Liabilities:

Current liabilities:

Accounts payable

$          158,435

$          164,823

Accrued expenses and other current liabilities

652,369

649,888

Income tax payable

84,690

89,589

Deferred revenues

72,642

86,537

Dividends payable

200,643

     Current liabilities subtotal

968,136

1,191,480

Long-term liabilities:

Convertible senior notes

320,803

321,588

Unsecured senior notes

744,662

744,904

Long-term loans

795,311

796,228

Other long-term liabilities

96,701

96,461

     Total liabilities

2,925,613

3,150,661

Redeemable non-controlling interests

45,103

24,523

Shareholders’ equity :

Weibo shareholders’ equity 

3,482,771

3,432,055

Non-controlling interests

51,012

51,640

Total shareholders’ equity 

3,533,783

3,483,695

Total liabilities, redeemable non-controlling interests and
    shareholders’ equity

$       6,504,499

$       6,658,879

(1) Included short-term loans to and interest receivable from SINA of US$417.7 million as of
December 31, 2024 and US$413.5 million as of March 31, 2025.

 

WEIBO CORPORATION

UNAUDITED RECONCILIATION OF NON-GAAP TO GAAP RESULTS

(In thousands of U.S. dollars, except per share data)

Three months ended

March 31,

March 31,

2024

2025

Income from operations

$

99,737

$

110,310

Add:

Stock-based compensation

21,012

15,047

Amortization of intangible assets resulting from business acquisitions

5,059

4,122

Non-GAAP income from operations

$

125,808

$

129,479

Net income attributable to Weibo’s shareholders

$

49,438

$

106,964

Add:

Stock-based compensation

21,012

15,047

Amortization of intangible assets resulting from business
  acquisitions

5,059

4,122

Investment related gain/loss, net (1)

4,970

(8,357)

Non-GAAP to GAAP reconciling items on the share of equity
  method investments 

25,358

1,039

Non-GAAP to GAAP reconciling items for the income/loss
  attributable to non-controlling interests

(436)

(492)

Tax effects on non-GAAP adjustments (2)

(1,103)

(734)

Amortization of  issuance cost of convertible senior notes, unsecured
  senior notes and long-term loans

2,314

1,943

Non-GAAP net income attributable to Weibo’s shareholders

$

106,612

$

119,532

Non-GAAP diluted net income per share attributable to Weibo’s
  shareholders

$

0.41

*

$

0.45

*

Shares used in computing GAAP diluted net income per share attributable
  to Weibo’s shareholders

263,644

266,494

Shares used in computing non-GAAP diluted net income per share
  attributable to Weibo’s shareholders

263,644

266,494

Adjusted EBITDA:

    Net income attributable to Weibo’s shareholders

$

49,438

$

106,964

    Non-GAAP adjustments

57,174

12,568

    Non-GAAP net income attributable to Weibo’s shareholders

106,612

119,532

Interest income, net

(9,151)

(13,986)

Income tax expenses

26,147

25,025

Depreciation expenses

9,417

9,149

Adjusted EBITDA

$

133,025

$

139,720

Net revenues

$

395,497

$

396,855

Non-GAAP operating margin

32 %

33 %

(1)

To adjust impairment and provision on investments, gain/loss on sale of investments and fair value change of investments.

(2)

To adjust the income tax effects of non-GAAP adjustments, which primarily related to amortization of intangible assets resulting from business
acquisitions and fair value change of investments. Other non-GAAP adjustment items have no tax effect, because (i) they were recorded in entities established in tax free jurisdictions, or (ii) full valuation allowances were provided for related deferred tax assets as it is more-likely-than-not they will not be realized.

Net income attributable to Weibo’s shareholders is adjusted for interest expense of convertible senior notes for calculating diluted EPS.

 

WEIBO CORPORATION

UNAUDITED ADDITIONAL INFORMATION

(In thousands of U.S. dollars)

Three months ended

March 31,

March 31,

2024

2025

Net revenues

Advertising and marketing

     Non-Ali advertisers

$        316,400

$        296,494

     Alibaba 

22,551

42,612

         Subtotal

338,951

339,106

Value-added services

56,546

57,749

$        395,497

$        396,855

Zeekr Group Releases 2024 Sustainability Report

HANGZHOU, China, May 21, 2025 /PRNewswire/ — ZEEKR Intelligent Technology Holding Limited (“Zeekr Group” or the “Company”) (NYSE: ZK), the world’s leading premium new energy vehicle group, today announced that it has published its 2024 Sustainability report (“the report”), available on the Sustainability section of the Company’s IR website at https://ir.zeekrgroup.com. The initiatives and achievements outlined in the report reflect the Company’s deep commitment to sustainable innovation, dual carbon management and proactive governance.

About Zeekr Group

Zeekr Group, headquartered in Zhejiang, China, is the world’s leading premium new energy vehicle group from Geely Holding Group. With two brands, Lynk & Co and Zeekr, Zeekr Group aims to create a fully integrated user ecosystem with innovation as a standard. Utilizing its state-of-the-art facilities and world-class expertise, Zeekr Group is developing its own software systems, e-powertrain, and electric vehicle supply chain. Zeekr Group’s values are equality, diversity, and sustainability. Its ambition is to become a true global new energy mobility solution provider.

For more information, please visit https://ir.zeekrgroup.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “future,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact

In China:
ZEEKR Intelligent Technology Holding Limited
Investor Relations
Email: ir@zeekrlife.com

Piacente Financial Communications
Tel: +86-10-6508-0677
Email: Zeekr@thepiacentegroup.com

In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: Zeekr@thepiacentegroup.com

Media Contact

Email: Globalcomms@zeekrgroup.com