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Changan Makes Official Debut at São Paulo Auto Show, Launches Brand in Brazil


SÃO PAULO, BRAZIL – Media OutReach Newswire – 25 November 2025 – On November 20, Changan Automobile officially debuted at the São Paulo Auto Show and hosted a brand launch event, marking its formal entry into Brazil—one of the world’s six largest automotive markets. During the event, Changan signed a cooperation agreement with CAOA, a leading local distribution and manufacturing group, establishing a deeper partnership aimed at expanding its footprint in Brazil and jointly delivering high-quality products and services to Brazilian consumers.

AVATR, the brand that brings the concept of “Emotive Luxury,” headlined the event. It showcased its globally original design and advanced intelligent technologies to redefine the aesthetics of future mobility. While marking Changan’s debut in Brazil, the brand’s launch sets the stage for other globally popular models tailored to local consumer preferences.

Changan’s operations in Brazil go beyond traditional dealership partnerships, establishing a full-value chain collaboration—from R&D to after-sales services. Joint R&D efforts began more than two years prior to the official launch to better understand local usage scenarios and consumer needs. Today, over 300 engineers from China and Brazil are engaged in co-development, supported by more than 100 test vehicles deployed for validation in both countries. These efforts include bench tests, proving ground trials, and road tests, accumulating over 1 million kilometers of test mileage.

Brazilian icon and world-renowned supermodel Gisele Bündchen was unveiled as the official brand ambassador for CAOA CHANGAN in Brazil. Gisele emphasized that the partnership between CAOA—a trusted Brazilian enterprise—and Changan, one of the world’s largest and most innovative automakers, will elevate the driving experience for Brazilian consumers to the new level.

During the Auto Show Opening Ceremony, Brazilian President Luiz Inacio Lula da Silva visited Changan’s booth, where he explored the AVATR product line and learned about the company’s history and culture. Lula praised the distinctive design and advanced smart features of the vehicles, commended China’s remarkable progress in automotive manufacturing, and expressed high expectations for Changan’s development in Brazil. The launch event marks a pivotal step in Changan’s “Vast Ocean Plan”—its global expansion strategy. Moving forward, Changan will continue to advance localized R&D, manufacturing, and service operations in Brazil, delivering higher-quality, customized products and services to meet the needs of Brazilian consumers.

Hashtag: #Changan

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

TCL CSOT Unveils “2025 Eye-Care Technology White Paper”, Setting New Benchmarks for Natural-Light Display Standards

SUZHOU, China, Nov. 25, 2025 /PRNewswire/ — TCL China Star Optoelectronics Technology (TCL CSOT), a global leader in advanced display technologies and a subsidiary of TCL Technology (000100.SZ), in collaboration with the National Engineering Research Center for Ophthalmology & Optometry of Wenzhou Medical University in China, and leading industry partners including Lenovo, CVTE, TAL Education, the China Institute of Standardization, SGS, officially released the “2025 Eye-Care Technology White Paper” (the White Paper) at the TCL CSOT Display Health Industry Seminar.

The White Paper introduces the industry’s first systematic eye-care technology framework that sets natural light as the gold standard. It defines six core dimensions, comprising broad spectrum, non-polarization, continuity, diffuse reflection, rhythmicity, and spatiality, that serve as the key criteria for next-generation advanced displays that safeguard eye health. The release of the White Paper marks a significant step in TCL CSOT’s leadership to reshape eye health development. The company is driving the industry toward a “human-centric” display ecosystem that prioritizes eye health, supported by measurable and verifiable scientific standards grounded in data, mechanisms, and technologies.

TCL CSOT officially released the “2025 Eye-Care Technology” White Paper with leading industry partners.
TCL CSOT officially released the “2025 Eye-Care Technology” White Paper with leading industry partners.

A Multi-Disciplinary Approach to Redefine Eye Health Display Standards
At 2025 TCL CSOT Global Display Tech-Ecosystem Conference (DTC 2025), Jun Zhao, Senior Vice President of TCL Technology and CEO of TCL CSOT, emphasized that eye health should be the industry’s fundamental standard rather than merely a marketing point. He noted that aligning screen-emitted light more closely with natural light is essential for protecting vision and called for wider cross-industry collaboration to advance the adoption of vision health technologies.

Dr. Xiaolin Yan, CTO of TCL Technology and TCL CSOT, stated that the goal of eye care technology is to restore the natural visual environment through the screen. Building a comprehensive natural-light benchmark requires interdisciplinary scientific collaboration, and the White Paper reflects deep cooperation among academia, industry and research institutions.

Professor Jia Qu, Honorary Chief Dean of the Eye Hospital of Wenzhou Medical University, Director of the National Eye Optometry Engineering Technology Research Center and Chief Advisor to TCL CSOT, noted that, “Outdoor activity, natural light exposure and electronic device usage are the three key factors influencing myopia prevention and control in children and adolescents. Natural light is the fundamental factor. The White Paper, developed through joint efforts across multiple fields, provides a strong scientific basis for vision and takes an important step in advancing eye-health focused display technology from concept to application.”

TCL CSOT is committed to advancing the display ecosystem that prioritizes eye-health, collaborating closely with industry partners on both development and industrial implementation. At the seminar, TCL CSOT announced two breakthroughs aligned with natural-light similarity:

  • The 86” Whiteboard Display, co-developed with CVTE, received the World’s First SGS Natural-Light Certification for whiteboard displays, enabled by TCL CSOT’s full-matrix ambient-light sensing technology and natural-light composite non-polarizing film.
  • The 6.9” OLED MB Display received the World’s First Natural-Light Certification, supported by its non-polarized optical architecture and full-range DC continuity performance. 

These achievements reflect TCL CSOT’s long-term investment in eye-health research and reinforce its leadership in the advanced display industry.

APEX: A New Model for Eye-Health Technology Implementation
These product breakthroughs are concrete embodiments of TCL CSOT’s APEX eye-health framework, which guides the company’s innovation.

TCL CSOT takes a human-centric approach to every stage of its R&D and product innovation. The White Paper represents a key milestone in putting the company’s APEX innovation philosophy into practice, with a particular emphasis on its commitment to be Protective of Eye Health. APEX reflects TCL CSOT’s pursuit of advanced display innovation, and demonstrates its long‑term strategic commitment to eye-health. Through a scientifically validated design framework that mimics the properties of natural light, TCL CSOT is guiding the industry toward displays that are more than just tools, they are experiences designed to protect vision, bridging technology with human needs.

Building on its long-term commitment, TCL CSOT plans to strengthen partnerships with academic, medical and institutions. Together, they will explore natural-light display principles, user-focused physiological mechanisms and standardization efforts. Through sustained investment, TCL CSOT aims to accelerate turning scientific insights into industrial applications, establish science-based, authoritative and sustainable eye-health focused display benchmarks, and lead the industry toward a higher standard of visual health.

About TCL CSOT
Established in 2009, TCL China Star Optoelectronics Technology Co., Ltd. (TCL CSOT) is a leading global innovator in display technologies. Its LCD, OLED, and MLED solutions power applications across TVs, smartphones, tablets, laptops, monitors, automotive systems, VR/XR, and commercial displays. With a clear strategic direction set by its advanced display technology brand APEX, TCL CSOT invests continuously and strategically in R&D, driven by a mission to amaze, protect and inspire all people through endlessly innovative display technology. As part of TCL’s Worldwide Olympic Partnership, TCL CSOT is proud to deliver display solutions that elevate experiences on the global stage.

Exyte completes Pharmaplan integration: A-to-Z execution in GMP facilities

  • Pharmaplan fully integrated into Exyte, unifying biopharma engineering capabilities under one European organization.
  • Integrated setup drives strong client demand and a record order-intake level in 2025.
  • End-to-end EPC/EPCM delivery from feasibility to qualified handover across key life sciences markets.

STUTTGART, Germany, Nov. 25, 2025 /PRNewswire/ — Exyte, a global leader in the design, engineering, and delivery of high-tech facilities, has completed the integration of Pharmaplan, marking the full transition of the Pharmaplan brand to Exyte and unifying biopharma engineering capabilities under one organization. In September 2024, Exyte announced the acquisition of Pharmaplan to establish a European champion and deepen partnerships with Europe’s fast-growing biotechnology and pharmaceutical sectors. Pharmaplan contributes a pan-European footprint of locations and specialist teams now operating within Exyte’s Biopharma & Life Sciences organization.

“Bringing Pharmaplan fully into Exyte combines global delivery scale with five decades of life-sciences process and GMP expertise,” says Dr. Wolfgang Büchele, CEO of Exyte. “Our clients benefit from seamless EPC solutions, from concept design to compliant handover. We deliver with speed, precision, and reliability. Facilities are where pharmaceutical innovation becomes real.”

Since the transaction was announced, integrated teams from both companies have collaborated to align systems and standards, and to combine best practices across all disciplines. Through close collaboration ongoing projects progressed without interruption, and client relationships remained unaffected. Exyte has assumed, continues, and is deepening all relationships previously served by Pharmaplan.

Market and client feedback has been strongly positive. This is reflected in major wins, robust business acquisition, and a very strong order-intake development in 2025. Teams from both legacy organizations have also secured joint project wins beyond Europe, among others in Southeast Asia, underscoring the combined reach and credibility of the integrated setup. Exyte’s Biopharma & Life Sciences global business unit is on track to reach a record order-intake level this year.

Exyte assumes end-to-end EPC/EPCM accountability

After the successful integration of Pharmaplan, Exyte now offers its Life Sciences services at over 40 locations in 12 countries across Europe. This positions the company in all key pharma and biotech markets in Europe close to its customers. Exyte assumes end-to-end EPC/EPCM accountability, from feasibility studies, concept and basic design through detailed engineering, construction management, commissioning, CQV (Commissioning, Qualification, and Validation), and compliant handover.

Exyte is one of the few global companies with the manpower and expertise to deliver life-sciences projects from A to Z. The integration supports a growing European life-sciences market shaped by trends such as mRNA platforms, cell and gene therapies, supply-chain resilience, and rising sustainability requirements. In this environment, speed to qualified capacity is a competitive differentiator. Exyte’s standardized methods and digital engineering have been designed to shorten time to market while safeguarding regulatory compliance.

Global network of subject-matter experts

Across a global network of subject-matter experts – many recognized as leaders in their fields – Exyte brings specialized process (CQV, HVAC (Heating, Ventilation, and Air Conditioning)), cleanroom, and regulatory expertise to enable complex, highly regulated projects. Digital engineering is integral to this approach: model-based design, 3D/4D planning, digital QA/QC (Quality Assurance/Quality Control), standardized start-up and commissioning, and selective data- and AI-supported (Artificial Intelligence) methods embedded in audited workflows accelerate decisions and ensure consistency at scale.

With more than 50 years in GMP-regulated environments, Exyte is a pioneer in cleanroom and contamination-control engineering and continues to advance methods that accelerate safe delivery. This track record is why leading biopharmaceutical companies have relied on Exyte for decades.

About Exyte

Exyte is a global leader in the design, engineering, and delivery of ultra-clean and sustainable facilities for high-tech industries. With cutting-edge expertise developed over more than a century, the company serves clients in the sophisticated markets of semiconductors, battery cells, pharmaceuticals, biotechnology, and data centers. Exyte offers a full range of services from consulting to managing the implementation of built complete solutions with the highest standards in safety and quality to its customers worldwide. Exyte creates a better future by enabling key industries to enhance the quality of modern life.
www.exyte.net

FITUR 2026 Expands Its Travel Technology Area by 50%, Strengthening Its Role as the Leading Hub for Innovation-Tourism Dialogue

Located in the new Knowledge Hub (Hall 12), this area brings together startups and firms from over 20 countries, serving as the fair’s leading space for tourism innovation.

MADRID, Nov. 25, 2025 /PRNewswire/ — As competition for global tourism increasingly depends on digitalisation, Artificial Intelligence and creating connected experiences, the Travel Technology area is emerging as a driving force for the sector transformation at FITUR 2026. Tech firms have taken a leading role when improving processes optimisation, fostering sustainability, making the most of the traveller experience and creating new business models. In summary, it stands as one of the key pillars of the International Tourism Trade Fair, FITUR, held from 21 to 25 January.

 

Travel Technology area at FITUR
Travel Technology area at FITUR

 

Travel Technology at FITUR 2026: record expansion and new location in the Knowledge Hub.

With over than 150 companies confirmed two months ahead of the fair, the Travel Technology area is set to expand by an exceptional 50% growth in 2026. Hence it will bring together leading firms from over 20 countries, including Andorra, Argentina, Austria, Brazil, China, Costa Rica, France, Germany, Ireland, Israel, Italy, the Netherlands, Peru, Poland, Portugal, Spain, Switzerland, the United Arab Emirates, the United Kingdom, the United States and Turkey.

One of the major breakthroughs this year will be the relocation of Travel Tech to the new Knowledge Hub, located at Hall 12. Essentially the lounge is designed to connect innovation, training, high-tech trends and business. It intends to strengthen FITUR’s role as the innovation hub where solutions in AI, automation, data analytics, distribution, digital marketing, smart mobility and immersive experiences, converge.

Travel Technology will feature cutting-edge services from leading companies such as Amadeus, Travelgate, Roommatik, Septeo, Juniper Travel Technology, BEONx, Tech Tourism Cluster and Roiback. Business France will also showcase groundbreaking start-ups, highlighting the area’s role in positioning tech firms across the globe.

The relevance of Travel Technology for the tourism industry lies in its ability to strengthen destination and business competitiveness, transform the traveller experience through cutting-edge digital solutions, improve operational and energy efficiency, and generate new data-driven business models. Its growth in FITUR 2026 echoes this evolution and establishes the fair as a key platform for international dialogue between innovation and tourism, connecting technology companies with operators, destinations, investors and the wider value chain within the tourism industry.

More information at  https://www.ifema.es/en/fitur 

About FITUR

FITUR, the International Tourism Trade Fair, is one of the leading global events in the tourism industry and has been held in Madrid since 1981. Each year, it brings together industry professionals, companies, destinations, and international organizations to showcase trends, innovations, and business opportunities. Organized by IFEMA MADRID, FITUR has established itself as a global benchmark for driving and promoting tourism.

Press contacts :
Elena Valera
evalera@ifema.es

Lucas Farioli
lfarioli@ifema.es 

 

 

 

Baozun Announces Third Quarter 2025 Unaudited Financial Results

SHANGHAI, Nov. 25, 2025 /PRNewswire/ — Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) (“Baozun”, the “Company” or the “Group”), a leading brand e-commerce solution provider and digital commerce enabler in China, today announced its unaudited financial results for the third quarter of 2025.

Mr. Vincent Qiu, Chairman and Chief Executive Officer of Baozun, commented, “In the third quarter, we advanced our strategic transformation with steady momentum, delivering a strong quarter marked by 5% total revenue growth and a significant narrowing of operating loss. BEC demonstrated solid performance, improving its profitability by enhancing the quality of its revenue stream, underscoring its growing agility and efficiency. BBM upgraded its brand image through impactful integrated marketing, agile merchandising, and focused channel expansion. This steady momentum reflects the strength and resilience of our transformed business model, firmly validating our continued progress toward sustainable profitability.”

Ms. Catherine Zhu, Chief Financial Officer of Baozun Inc., commented, “In the third quarter, both BEC and BBM delivered meaningful operational and financial improvements. E-Commerce achieved stable revenue and returned to adjusted operating income of RMB28 million in a traditionally low-seasonality quarter. BBM maintained strong momentum with 20% year-over-year revenue growth while further narrowing its adjusted operating losses by 30%. Together, these results confirmed a more balanced business portfolio, positioning us well for the next phase of growth.”

Third Quarter 2025 Financial Highlights

  • Total net revenues were RMB2,156.2 million (US$[1]302.9 million), representing an increase of 4.8% compared with RMB2,057.0 million in the same quarter of last year.
  • Loss from operations was RMB25.6 million (US$3.6 million), compared with RMB114.5 million in the same quarter of last year. Operating margin was negative 1.2%, compared with negative 5.6% for the same period of 2024.
  • Non-GAAP loss from operations[2] was RMB10.8 million (US$1.5 million), compared with RMB85.2 million in the same quarter of last year. Non-GAAP operating margin was negative 0.5%, compared with negative 4.1% for the same period of 2024.
  • Adjusted operating income of E-commerce was RMB28.1 million (US$3.9 million), compared with adjusted operating loss of RMB29.8 million for the same period of 2024.
  • Adjusted operating loss of Brand Management narrowed to RMB38.7 million (US$5.4 million), an improvement of 30.0% from RMB55.3 million for the same period of 2024.
  • Net loss attributable to ordinary shareholders of Baozun was RMB107.1 million (US$15.0 million), compared with RMB88.1 million for the same period of 2024.
  • Non-GAAP net loss attributable to ordinary shareholders of Baozun[3] was RMB40.2 million (US$5.7 million), compared with RMB66.8 million for the same period of 2024.
  • Basic and diluted net loss attributable to ordinary shareholders of Baozun per American Depositary Share (“ADS[4]“) were both RMB1.85 (US$0.26), compared with RMB1.48 for the same period of 2024.
  • Diluted non-GAAP net loss attributable to ordinary shareholders of Baozun per ADS[5] was RMB0.70 (US$0.10), compared with RMB1.12 for the same period of 2024.

Reconciliations of GAAP measures to non-GAAP measures presented above are included at the end of this results announcement.

Adjusted operating profits (losses) are included in the Segments data of Segment Information.

Business Highlights

Baozun e-Commerce, or “BEC”

BEC encompasses our China e-commerce businesses, including brand store operations, customer services, and value-added services covering warehousing and fulfillment, IT and digital marketing. During the third quarter of 2025, total revenue from BEC increased by 2.4% year-over-year, driven by sustainable growth in the service model. BEC’s product sales decreased by 8.9% to RMB413.4 million, mainly due to lower sales in Appliances, and Health and Nutrition categories. BEC’s services revenue grew by 6.3% to RMB1,385.2 million, driven by a 15.5% revenue growth in online store operations and 5.5% revenue growth in Digital Marketing and IT solutions.

Baozun Brand Management, or “BBM”

The company launched the BBM business line in 2023, to leverage its leading portfolio of technologies in service of brands, fostering deeper and longer relationships to drive sustainable business growth in China.

BBM provides holistic brand management, encompassing strategic and tactical positioning, branding and marketing, retail and e-commerce operations, supply chain and logistics, and technology enablement. We aim to leverage our portfolio of technologies to build longer and deeper relationships with brands. During the third quarter of 2025, total revenue from BBM increased by 19.8% year-over-year to RMB396.0 million. We have 171 offline stores under our management at the end of the third quarter of 2025.

Third Quarter 2025 Financial Results

Total net revenues were RMB2,156.2 million (US$302.9 million), an increase of 4.8% from RMB2,057.0 million in the same quarter of last year. The increase in total net revenues was driven by both of the Group’s two business lines.

Total product sales revenue was RMB808.3 million (US$113.5 million), an increase of 3.2% compared with RMB783.1 million in the same quarter of last year, of which,

  • Product sales revenue of E-Commerce was RMB413.4 million (US$58.1 million), a decrease of 8.9% from RMB454.0 million in the same quarter of last year. The decrease was primarily attributable to the categories of Appliances, and Health and Nutrition sectors.

The following table sets forth a breakdown of product sales revenues of E-Commerce by key categories [6] for the periods indicated:

For the three months ended September 30,

2024

2025

RMB

% of Net

Revenues

RMB

US$

% of Net

Revenues

YoY

Change

(In millions, except for percentage)

Product Sales of E-Commerce

Appliances

177.1

9 %

139.9

19.7

6 %

-21 %

Beauty and Cosmetics

89.7

4 %

107.7

15.1

5 %

20 %

Health and Nutrition

75.0

4 %

56.9

8.0

3 %

-24 %

Others

112.2

5 %

108.9

15.3

5 %

-3 %

Total net revenues from product

sales of E-Commerce

454.0

22 %

413.4

58.1

19 %

-9 %

  • Product sales revenue of Brand Management was RMB395.2 million (US$55.5 million), an increase of 19.8% from RMB329.8 million in the same quarter of last year. The increase was primarily driven by higher sales from the Gap brand, as the Company continued to optimize merchandising plans, channel and marketing initiatives to boost sales.

Services revenue was RMB1,347.9 million (US$189.3 million), an increase of 5.8% from RMB 1,273.9 million in the same quarter of last year. The increase was primarily attributable to a 15.5% year-over-year growth in online store operations and a 5.5% year-over-year growth in digital marketing and IT solutions, driven by content creation and technology monetization.

The following table sets forth a breakdown of services revenue by business models for the periods indicated:

For the three months ended September 30,

2024

2025

RMB

% of Net

Revenues

RMB

US$

% of Net

Revenues

YoY

Change

(In millions, except for percentage)

Services revenue

Online store operations

362.6

18 %

418.8

58.8

19 %

16 %

Warehousing and fulfillment

433.8

21 %

431.6

60.6

20 %

-1 %

Digital marketing and IT solutions

507.7

24 %

535.6

75.3

26 %

6 %

Inter-segment eliminations[7]

(30.2)

-1 %

(38.1)

(5.4)

-2 %

26 %

Total net revenues from services

1,273.9

62 %

1,347.9

189.3

63 %

6 %

Breakdown of total net revenues of online store operations of services revenue by key categories [8] for the periods indicated:

For the three months ended September 30,

2024

2025

RMB

% of Net

Revenues

RMB

US$

% of Net

Revenues

YoY

Change

(In millions, except for percentage)

Online store operations in

Services revenue 

Apparel and accessories

275.7

13 %

316.0

44.4

15 %

15 %

Luxury

86.8

4 %

98.8

13.9

5 %

14 %

Sportswear

100.7

5 %

106.6

15.0

5 %

6 %

Other apparel

88.2

4 %

110.6

15.5

5 %

25 %

Others

86.9

5 %

102.8

14.4

5 %

18 %

Inter-segment eliminations[9]

(20.5)

-1 %

(12.5)

(1.8)

-1 %

-39 %

Total net revenues from online

store operations in services

342.1

17 %

406.3

57.0

19 %

19 %

Total operating expenses were RMB2,181.9 million (US$306.5 million), compared with RMB2,171.5 million in the same quarter of last year.

  • Cost of products was RMB531.0 million (US$74.6 million), compared with RMB563.1 million in the same quarter of last year. The decrease was primarily due to decrease in product sales volume of E-Commerce.
  • Fulfillment expenses were RMB495.9 million (US$69.7 million), compared with RMB519.4 million in the same quarter of last year. The decrease was primarily due to a decline in E-commerce warehouse and logistics revenue, along with savings in logistics expenses.
  • Sales and marketing expenses were RMB886.6 million (US$124.5 million), compared with RMB800.6 million in the same quarter of last year. The increase was mainly due to higher revenue contributions from digital marketing services for BEC, as well as increased marketing activities and expenses associated with the expansion of offline stores for BBM during the quarter.
  • Technology and content expenses were RMB115.2 million (US$16.2 million), compared with RMB140.7 million in the same quarter of last year. The decrease was mainly due to the company’s continued efforts to implement cost control and efficiency improvement initiatives.
  • General and administrative expenses were RMB168.9 million (US$23.7 million), compared with RMB176.6 million in the same quarter of last year. The decrease was primarily due to the Company’s cost control initiatives and efficiency improvements.

Loss from operations was RMB25.6 million (US$3.6 million), compared with RMB114.5 million in the same quarter of last year. The operating margin was negative 1.2%, compared with negative 5.6% in the same quarter of last year.

Non-GAAP loss from operations was RMB10.8 million (US$1.5 million), compared with RMB85.2 million in the same quarter of last year. Non-GAAP operating margin was negative 0.5%, compared with negative 4.1% in the same quarter of last year.

  • Adjusted operating profit of E-Commerce was RMB28.1 million (US$3.9 million), compared with adjusted operating loss of RMB29.8 million in the same quarter of last year.
  • Adjusted operating loss of Brand Management was RMB38.7 million (US$5.4 million), an improvement of 30.0% compared with RMB55.3 million in the same quarter of last year.

Unrealized investment loss was RMB20.5 million (US$2.9 million), compared with unrealized investment gain of RMB3.9 million in the same quarter of last year. The unrealized investment loss of this quarter was primarily due to the decrease in the trading price of publicly listed companies we invested in.

Loss on disposal of subsidiaries was RMB36.3 million (US$5.1 million), compared with nil in the same quarter of last year. The loss was primarily due to the Company’s disposal of subsidiaries following a strategic adjustment in the third quarter of 2025.

Fair value change on financial instruments was a gain of RMB2.4 million (US$0.3 million), compared with a loss of RMB17.0 million in the same quarter of last year. The fair value change on financial instruments was mainly composed of the loss recognized from the financial instruments the Company invested in.

Exchange loss was RMB7.8 million (US$1.1 million), due to exchange rate fluctuation in the quarter ended September 30, 2025, compared to exchange gain RMB11.9 million in the same quarter last year.

Net loss attributable to ordinary shareholders of Baozun was RMB107.1 million (US$15.0 million), compared with RMB88.1 million in the same quarter of last year.

Basic and diluted net loss attributable to ordinary shareholders of Baozun per ADS were both RMB1.85 (US$0.26), compared with both RMB1.48 for the same period of 2024.

Non-GAAP net loss attributable to ordinary shareholders of Baozun Inc. was RMB40.2 million (US$5.7 million), compared with RMB66.8 million in the same quarter of last year.

Diluted non-GAAP net loss attributable to ordinary shareholders of Baozun per ADS was RMB0.70 (US$0.10), compared with RMB1.12 for the same period of 2024.

Segment Information

(a)   Description of segments

The Group has two operating segments, which are (i) E-Commerce and (ii) Brand Management.

The following summary describes the operations in each of the Group’s operating segment:

  1. E-Commerce focuses on Baozun traditional e-commerce service business and comprises two business lines, BEC (Baozun E-Commerce) and BZI (Baozun International).
    1. BEC includes our mainland China e-commerce businesses, such as brands’ store operations, customer services and value-added services in logistics and supply chain management, IT and digital marketing.
    2. BZI includes our e-commerce businesses outside of mainland China, including locations such as Hong Kong, Macau, Taiwan, South East Asia and Europe.
  2. Brand Management engages in holistic brand management, encompassing strategic and tactical positioning, branding and marketing, retail and e-commerce operations, supply chain and logistics and technology enablement to leverage our portfolio of technologies to build into longer and deeper relationships with brands. Currently, the primary brand under the Company’s brand management is Gap in Greater China.

(b)   Segments data

The table below provides a summary of the Group’s reportable segment results for the three months ended September 30, 2024 and 2025:

For the three months ended September 30,

2024

2025

RMB

RMB

Net revenues:

E-Commerce

1,757,320

1,798,654

Brand Management 

330,605

395,961

Inter-segment eliminations *

(30,905)

(38,381)

Total consolidated net revenues

2,057,020

2,156,234

Adjusted Operating Profits (Losses) **:

E-Commerce

(29,781)

28,090

Brand Management

(55,332)

(38,729)

Inter-segment eliminations *

(50)

(129)

Total Adjusted Operating Loss

(85,163)

(10,768)

Unallocated expenses:

Share-based compensation expenses

(19,628)

(6,917)

Amortization of intangible assets resulting from business acquisition   

(9,529)

(7,782)

Cancellation fees of repurchased shares

(162)

(150)

Loss on disposal of subsidiaries

(36,262)

Total other income (expenses), net

4,596

(21,952)

Loss before income tax and share of (loss) income in equity method

investment

(109,886)

(83,831)

*The inter-segment eliminations mainly consist of revenues from services provided by E-Commerce to Brand Management.

** Adjusted Operating (Losses) Profits represent segment (losses) profits, which is (loss) income from operations from each segment without allocating share-based compensation expenses, amortization of intangible assets resulting from business acquisition, and cancellation fees of repurchased shares.

Conference Call

The Company will host a conference call to discuss the earnings at 6:30 a.m. Eastern Time on Tuesday, November 25, 2025 (7:30 p.m. Beijing time on the same day).

Dial-in details for the earnings conference call are as follows:

United States: 

1-888-317-6003

Hong Kong:  

800-963-976

Singapore: 

800-120-5863

Mainland China: 

4001-206-115

International: 

1-412-317-6061

Passcode: 

0064930

A replay of the conference call may be accessible through December 2, 2025 by dialing the following numbers:

United States: 

1-877-344-7529

International:  

1-412-317-0088

Canada:

855-669-9658

Replay Access Code:

6299059

A live webcast of the conference call will be available on the Investor Relations section of Baozun’s website at http://ir.baozun.com. An archived webcast will be available through the same link following the call.

[1] This announcement contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) at a specified rate solely for the convenience of the reader. Unless otherwise noted, the translation of RMB into US$ has been made at RMB7.1190 to US$1.00, the noon buying rate in effect on September 30, 2025 as set forth in the H.10 Statistical Release of the Federal Reserve Board.

[2] Non-GAAP income (loss) from operations is a non-GAAP financial measure, which is defined as income (loss) from operations excluding the impact of share-based compensation expenses, amortization of intangible assets resulting from business acquisition, acquisition-related expenses, impairment of goodwill and cancellation fees of repurchased ADSs.

[3] Non-GAAP net income (loss) attributable to ordinary shareholders of Baozun Inc. is a non-GAAP financial measure, which is defined as net income (loss) attributable to ordinary shareholders of Baozun excluding the impact of share-based compensation expenses, amortization of intangible assets resulting from business acquisition, acquisition-related expenses, impairment of goodwill and investments, other-than-temporary impairment of equity method investments, cancellation fees of repurchased ADSs, fair value loss on financial instruments, loss on disposal of investments and subsidiaries, and unrealized investment loss (gain).

[4] Each ADS represents three Class A ordinary shares.

[5] Diluted non-GAAP net income (loss) attributable to ordinary shareholders of Baozun Inc. per ADS are non-GAAP financial measures, which are respectively defined as non-GAAP net income (loss) attributable to ordinary shareholders of Baozun Inc. divided by weighted average number of shares used in calculating diluted net income (loss) per ordinary share multiplied by three, respectively.

[6] Key categories refer to the categories that accounted for no less than 10% of product sales of E-Commerce revenues during the periods indicated.

[7] The inter-segment eliminations mainly consist of revenues from online store operations, warehousing and fulfillment, and digital marketing and IT services provided by E-Commerce to Gap, a brand under Brand Management.

[8] Key categories refer to the categories that accounted for no less than 10% of services revenue during the periods indicated. 

[9] The inter-segment eliminations mainly consist of revenues from store operation services provided by E-Commerce to Gap, a brand under Brand Management.

Use of Non-GAAP Financial Measures

The Company also uses certain non-GAAP financial measures in evaluating its business. For example, the Company uses non-GAAP income (loss) from operations, non-GAAP net income (loss), non-GAAP net margin, non-GAAP net income (loss) attributable to ordinary shareholders of Baozun and diluted non-GAAP net income (loss) attributable to ordinary shareholders of Baozun per ADS, as supplemental measures to review and assess its financial and operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation, or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP.

The Company defines non-GAAP income (loss) from operations as income (loss) from operations excluding the impact of share-based compensation expenses, amortization of intangible assets resulting from business acquisition, acquisition-related expenses, impairment of goodwill and cancelation fees of repurchased. The Company defines non-GAAP net income (loss) as net (loss) income excluding the impact of share-based compensation expenses, amortization of intangible assets resulting from business acquisition, acquisition-related expenses, impairment of goodwill and investments, other-than-temporary impairment of equity method investments, cancellation fees of repurchased ADSs, fair value loss on financial instruments, loss on disposal of investments and subsidiaries, and unrealized investment loss (gain). The Company defines non-GAAP net income (loss) attributable to ordinary shareholders of Baozun as net income (loss) attributable to ordinary shareholders of Baozun excluding the impact of share-based compensation expenses, amortization of intangible assets resulting from business acquisition, acquisition-related expenses, impairment of goodwill and investments, other-than-temporary impairment of equity method investments, cancellation fees of repurchased ADSs, fair value loss on financial instruments, loss on disposal of investments and subsidiaries, and unrealized investment loss (gain). The Company defines diluted non-GAAP net income (loss) attributable to ordinary shareholders of Baozun per ADS as non-GAAP net income (loss) attributable to ordinary shareholders of Baozun divided by weighted average number of shares used in calculating net income (loss) per ordinary share multiplied by three.

The Company presents the non-GAAP financial measures because they are used by the Company’s management to evaluate the Company’s financial and operating performance and formulate business plans. Non-GAAP income (loss) from operations, non-GAAP net income (loss), non-GAAP net income (loss) attributable to ordinary shareholders of Baozun and Non-GAAP net income (loss) attributable to ordinary shareholders of Baozun per ADS reflect the Company’s ongoing business operations in a manner that allows more meaningful period-to-period comparisons. The Company believes that the use of the non-GAAP financial measures facilitates investors to understand and evaluate the Company’s current operating performance and future prospects in the same manner as management does, if they so choose. The Company also believes that the non-GAAP financial measures provide useful information to both management and investors by excluding certain expenses, gain/loss and other items that are not expected to result in future cash payments or that are non-recurring in nature or may not be indicative of the Company’s core operating results and business outlook.

The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using non-GAAP income (loss) from operations, non-GAAP net income (loss), non-GAAP net income (loss) attributable to ordinary shareholders of Baozun, and non-GAAP net income (loss) attributable to ordinary shareholders of Baozun per ADS is that they do not reflect all items of income and expense that affect the Company’s operations. Further, the non-GAAP measures may differ from the non-GAAP measures used by other companies, including peer companies, potentially limiting the comparability of their financial results to the Company’s. In light of the foregoing limitations, the non-GAAP income (loss) from operations, non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net margin, non-GAAP net income (loss) attributable to ordinary shareholders of Baozun and non-GAAP net income (loss) attributable to ordinary shareholders of Baozun per ADS for the period should not be considered in isolation from or as an alternative to income (loss) from operations, operating margin, net income (loss), net margin, net income (loss) attributable to ordinary shareholders of Baozun and net income (loss) attributable to ordinary shareholders of Baozun per ADS, or other financial measures prepared in accordance with U.S. GAAP.

The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measures, which should be considered when evaluating the Company’s performance. The Company encourages you to review the Company’s financial information in its entirety and not rely on a single financial measure. For reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled, “Reconciliations of GAAP and Non-GAAP Results.”

Safe Harbor Statements

This announcement 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,” “estimates,” “confident,” “potential,” “continues,” “ongoing,” “targets,” “guidance,” “going forward,” “looking forward,” “outlook” or other similar expressions. Statements that are not historical facts, including but not limited to statements about Baozun’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to Baozun’s filings with the United States Securities and Exchange Commission and its announcements, notices or other documents published on the website of The Stock Exchange of Hong Kong Limited. All information provided in this announcement is as of the date hereof and is based on assumptions that Baozun believes to be reasonable as of this date, and Baozun undertakes no obligation to update such information, except as required under applicable law.

About Baozun Inc.

Founded in 2007, Baozun Inc. is a leader in brand e-commerce service, brand management, and digital commerce service.  It serves approximately 490 brands from various industries and sectors around the world, including East and Southeast Asia, Europe and North America as of December 31, 2024.

Baozun Inc. comprises three major business lines – Baozun e-Commerce (BEC), Baozun Brand Management (BBM) and Baozun International (BZI) and is committed to accelerating high-quality and sustainable growth.  Driven by the principle that “Technology Empowers the Future Success”, Baozun’s business lines are devoted to empowering their clients’ business and navigating their new phase of development.

For more information, please visit http://ir.baozun.com.

For investor and media inquiries, please contact:

Baozun Inc.
Ms. Wendy Sun
Email: ir@baozun.com

RESIGNATION OF DIRECTOR
The Board announces that Mr. Satoshi Okada (“Mr. Okada”) has resigned as a Director due to other personal developments with effect from December 31, 2025. 

Mr. Okada has confirmed that he has no disagreements with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.

The Board would like to take this opportunity to express its gratitude to Mr. Okada for his invaluable contributions to the Company during his tenure of office.

Baozun Inc.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

As of

December 31,
2024

September 30,
2025

September 30,
2025

RMB

RMB

US$

ASSETS

Current assets

Cash and cash equivalents

1,289,323

1,125,514

158,100

Restricted cash

354,991

131,312

18,445

Short-term investments

1,271,618

1,408,169

197,804

Accounts receivable, net

2,033,778

1,970,416

276,783

Inventories

1,117,439

1,117,990

157,043

Advances to suppliers

404,353

242,626

34,081

Derivative financial assets

11,557

2,810

395

Prepayments and other current assets

724,091

773,199

108,611

Amounts due from related parties

7,021

2,591

364

Total current assets

7,214,171

6,774,627

951,626

Non-current assets

Long-term debt investments (including

RMB146,444 of the investments measured at

fair value as at September 30, 2025)

234,195

32,897

Long-term equity investments

341,687

321,673

45,185

Property and equipment, net

822,229

772,693

108,540

Intangible assets, net

357,307

323,843

45,490

Land use right, net

37,438

36,669

5,151

Operating lease right-of-use assets

767,376

738,272

103,704

Goodwill

362,399

292,721

41,118

Other non-current assets

69,886

56,085

7,878

Deferred tax assets

234,508

239,244

33,606

Total non-current assets

2,992,830

3,015,395

423,569

Total assets

10,207,001

9,790,022

1,375,195

LIABILITIES , REDEEMABLE NON-

CONTROLLING INTERESTS AND

SHAREHOLDERS’ EQUITY

Current liabilities

Short-term loan

1,220,957

1,253,088

176,020

Accounts payable

620,679

650,495

91,374

Notes payable

461,179

315,668

44,342

Income tax payables 

26,559

12,083

1,697

Accrued expenses and other current

liabilities

1,169,547

1,125,645

158,117

Derivative financial liabilities

130

76

11

Amounts due to related parties

5,369

2,182

306

Current operating lease liabilities

243,137

256,677

36,055

Total current liabilities

3,747,557

3,615,914

507,922

Non-current liabilities

Long-term loan

4,000

562

Deferred tax liabilities

32,783

24,694

3,469

Long-term operating lease liabilities

597,805

573,720

80,590

Other non-current liabilities

48,277

50,050

7,030

Total non-current liabilities

678,865

652,464

91,651

Total liabilities

4,426,422

4,268,378

599,573

Redeemable non-controlling interests

1,670,379

57,540

8,083

Baozun Inc. shareholders’ equity:

Class A ordinary shares (US$0.0001 par

value; 470,000,000 shares

authorized,175,668,586 and 173,530,303

shares issued, 161,337,586 and 160,261,678

shares outstanding, as of December 31,

2024, and September 30, 2025, respectively)

95

93

13

Class B ordinary shares (US$0.0001 par

value; 30,000,000 shares authorized,

13,300,738 shares issued and outstanding as

of December 31, 2024, and September 30,

2025)

8

8

1

Additional paid-in capital 

4,646,631

4,641,973

652,054

Treasury shares (15,802,428 and 13,268,625

shares as of December 31, 2024, and

September 30, 2025, respectively)

(95,502)

(90,643)

(12,733)

Accumulated deficit

(691,785)

(895,928)

(125,849)

Accumulated other comprehensive income

54,575

41,622

5,847

Total Baozun Inc. shareholders’ equity

3,914,022

3,697,125

519,333

Non-controlling interests

196,178

1,766,979

248,206

Total Shareholders’ equity

4,110,200

5,464,104

767,539

Total liabilities, redeemable non-controlling

interests and shareholders’ equity 

10,207,001

9,790,022

1,375,195

 

 

Baozun Inc.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands, except for share and per share data and per ADS data)

For the three months ended September 30,

2024

2025

RMB

RMB

US$

Net revenues

Product sales (1)

783,132

808,333

113,546

Services

1,273,888

1,347,901

189,339

Total net revenues

2,057,020

2,156,234

302,885

Operating expenses (2)

Cost of products

(563,110)

(530,964)

(74,584)

Fulfillment (3)

(519,379)

(495,902)

(69,659)

Sales and marketing (3)

(800,562)

(886,595)

(124,539)

Technology and content (3)

(140,725)

(115,153)

(16,175)

General and administrative (3)

(176,611)

(168,864)

(23,720)

Other operating income, net

28,885

15,627

2,195

Total operating expenses 

(2,171,502)

(2,181,851)

(306,482)

Loss from operations 

(114,482)

(25,617)

(3,597)

Other income (expenses)

Interest income 

14,585

13,275

1,865

Interest expense 

(8,727)

(9,808)

(1,378)

Unrealized investment gain (loss)

3,855

(20,501)

(2,881)

Gain on disposal of investments

562

79

Loss on disposal of subsidiaries

(36,262)

(5,094)

Exchange gain (loss)

11,851

(7,836)

(1,101)

Fair value change on financial instruments 

(16,968)

2,356

331

Loss before income tax and share of (loss) income in

equity method investment

(109,886)

(83,831)

(11,776)

Income tax benefit (expense) (4)

18,569

(12,988)

(1,824)

Share of (loss) income in equity method investment,

net of tax of nil 

(1,938)

2,105

296

Net loss

(93,255)

(94,714)

(13,304)

Net loss (income) attributable to
noncontrolling interests

10,193

(9,058)

(1,272)

Net income attributable to
redeemable noncontrolling interests

(5,008)

(3,333)

(468)

Net loss attributable to ordinary shareholders of

Baozun Inc.

(88,070)

(107,105)

(15,044)

Net loss per share attributable to ordinary

shareholders of Baozun Inc.:

Basic

(0.49)

(0.62)

(0.09)

Diluted

(0.49)

(0.62)

(0.09)

Net loss per ADS attributable to ordinary

shareholders of Baozun Inc.:

Basic

(1.48)

(1.85)

(0.26)

Diluted

(1.48)

(1.85)

(0.26)

Weighted average shares used in calculating net loss

per ordinary share

Basic

178,284,818

173,436,711

173,436,711

Diluted

178,284,818

173,436,711

173,436,711

Net loss

(93,255)

(94,714)

(13,304)

Other comprehensive (loss) income,
net of tax of nil: 

Foreign currency translation adjustment

(20,372)

8,769

1,232

Comprehensive loss

(113,627)

(85,945)

(12,072)

 

(1)     These amounts include product sales from E-Commerce and Brand Management of RMB413.4 million and RMB 395.2 million for the three months period ended September 30, 2025, respectively, compared with product sales from E-Commerce of RMB454.0 million and Brand Management of RMB329.8 million for the three months period ended September 30, 2024.

(2)     Share-based compensation expenses are allocated in operating expenses items as follows:

For the three months ended September 30,

2024

2025

RMB

RMB

US$

Fulfillment

733

226

32

Sales and marketing

4,617

982

138

Technology and content

2,475

807

113

General and administrative

11,803

4,902

689

19,628

6,917

972

(3)     These amounts include amortization of intangible assets resulting from business acquisition, which amounted to RMB9.5 million and RMB7.8 million for the three months period ended September 30, 2024 and 2025, respectively.

(4)     These amounts mainly include income tax benefits of RMB2.0 million and RMB1.8 million related to the reversal of deferred tax liabilities, which was recognized on business acquisition for the three months period ended September 30, 2024 and 2025, respectively.

 

 

Baozun Inc.

Reconciliations of GAAP and Non-GAAP Results

(in thousands, except for share and per ADS data)

For the three months ended September 30,

2024

2025

RMB

RMB

US$

Loss from operations 

(114,482)

(25,617)

(3,597)

Add: Share-based compensation expenses

19,628

6,917

972

Amortization of intangible assets resulting from

business acquisition

9,529

7,782

1,093

Cancellation fees of repurchased ADSs

162

150

21

Non-GAAP loss from operations 

(85,163)

(10,768)

(1,511)

Net loss

(93,255)

(94,714)

(13,304)

Add: Share-based compensation expenses

19,628

6,917

972

Amortization of intangible assets resulting from

business acquisition

9,529

7,782

1,093

Cancellation fees of repurchased ADSs

162

150

21

Unrealized investment (gain) loss

(3,855)

20,501

2,881

Loss on disposal of investments and subsidiaries,

net

35,700

5,015

Less: Tax effect of amortization of intangible assets
           resulting from business acquisition and loss on
           disposal of subsidiaries (1)

(2,043)

(2,399)

(337)

Non-GAAP net loss

(69,834)

(26,063)

(3,659)

Net loss attributable to ordinary shareholders of Baozun Inc.

(88,070)

(107,105)

(15,044)

Add: Share-based compensation expenses

19,628

6,917

972

Amortization of intangible assets resulting from

business acquisition

6,734

5,413

760

Cancellation fees of repurchased ADSs

162

150

21

Unrealized investment (gain) loss

(3,855)

20,501

2,881

Loss on disposal of investments and subsidiaries,

net

35,700

5,015

Less: Tax effect of amortization of intangible assets
           resulting from business acquisition and loss on
           disposal of subsidiaries (1)

(1,388)

(1,806)

(254)

Non-GAAP net loss attributable to ordinary shareholders

of Baozun Inc.

(66,789)

(40,230)

(5,649)

Diluted non-GAAP net loss attributable to ordinary

shareholders of Baozun Inc. per ADS:

(1.12)

(0.70)

(0.10)

Weighted average shares used in calculating diluted net

loss per ordinary share

178,284,818

173,436,711

173,436,711

 

(1) The Company evaluated the non-GAAP adjustments items and concluded that these items have immaterial income tax effects except for amortization of intangible assets resulting from business acquisition and loss on disposal of subsidiaries.

 

Gamehaus Holdings Inc. Announces Unaudited Financial Results for the First Quarter of Fiscal 2026 Ended September 30, 2025

SHANGHAI, Nov. 25, 2025 /PRNewswire/ — Gamehaus Holdings Inc. (“Gamehaus” or the “Company”) (Nasdaq: GMHS), a technology-driven mobile game publisher, today announced its unaudited financial results for the first quarter of fiscal year 2026 ended September 30, 2025.

First Quarter of Fiscal Year 2026 Financial Highlights

  • Total revenue was US$27.7 million, representing a 7.5% decrease from US$30.0 million in the first quarter of fiscal year 2025. In-app purchases contributed US$25.3 million, while advertising revenue reached US$2.4 million.
  • Total operating costs and expenses were US$26.7 million, representing a 6.2% reduction from US$28.5 million in the first quarter of fiscal year 2025.
  • Net income was US$1.8 million, representing a 17.6% increase from US$1.6 million in the first quarter of fiscal year 2025.

First Quarter of Fiscal Year 2026 Operating Highlights

in thousands, except percentages

For the Three Months Ended
September 30,

2025

2024

Average MAUs[1]

3,066

3,968

Average DAUs[2]

550

759

ARPDAU[3]

0.536

0.431

Average DPUs[4]

13

16

Average Daily Payer Conversion Rate[5]

2.4

%

2.1

%

Average 7D Retention Rate[6]

9.1

%

10.4

%

[1] Average Monthly Active Users, or Average MAUs, is defined as the number of individual users who play a game during a particular month.

[2] Average Daily Active Users, or Average DAUs, is defined as the number of individual users who play a game on a particular day.

[3] Average Revenue Per Daily Active User, or ARPDAU, is calculated by dividing revenue generated during a specific period by the Average DAU for that period, then further dividing by the number of days in the period.

[4] Average Daily Paying Users, or Average DPUs, is defined as the number of individuals who made a purchase in a game during a particular day.

[5] Average Daily Payer Conversion Rate is calculated by dividing Average DPUs for a specific period by the Average DAUs for that period.

[6] Average Day Seven Retention Rate is calculated by dividing the number of new users who continue using the app on the seventh day after installation for a specific period by the total number of new users for that period.

Mr. Feng Xie, founder and chairman of Gamehaus, commented: “This quarter reflects the steady progress we are making as we transition Gamehaus toward a more disciplined, efficient, and scalable operating model. Our profitability and underlying efficiency continued to improve, demonstrating the resilience of our portfolio and the early impact of our strategic upgrade. As we advance the key pillars of our Gamehaus 2.0 strategy and deepen the integration of AI across our publishing stack, we are further enhancing operational predictability and the long-term economics of our business. Looking ahead, the combination of our AI-powered publishing platform and our disciplined approach to new content positions us well to drive sustainable growth. We will remain focused on execution and confident in our ability to create long-term value for our players, partners, and shareholders.”

First Quarter of Fiscal Year 2026 Unaudited Financial Results

Revenue

Total revenue was US$27.7 million in the first quarter of fiscal year 2026, decreasing 7.5% from US$30.0 million in the first quarter of fiscal year 2025. The decline primarily resulted from the Company’s reduction in user acquisition spending, which was a strategic move to optimize resource allocation and redirect investment toward the development of new game categories and upcoming projects, as well as their subsequent launch and promotion, aiming to strengthen the Company’s game portfolio and support sustainable long-term growth.

Advertising costs decreased by 13.5% in the first quarter of fiscal year 2026 compared to the first quarter of fiscal year 2025, resulted in reduced traffic and user acquisition, which in turn affected revenue performance. In-app purchase revenue decreased 6.1% to US$25.3 million in the first quarter of fiscal year 2026 from US$26.9 million in the first quarter of fiscal year 2025, while advertising revenue was US$2.4 million in the first quarter of fiscal year 2026, compared to US$3.0 million in the first quarter of fiscal year 2025. These headwinds were partially offset by enhanced in-game content and live-ops features, which continued to drive engagement and monetization among the Company’s existing player base.

Additionally, the Company is actively expanding its pipeline of games, with new titles in the Puzzle and RPG genres currently in the development and testing phase. The Company allocated meaningful marketing budgets to support these products and intends to launch extensive promotional campaigns upon their commercial release.

Operating Costs and Expenses

Total operating costs and expenses were US$26.7 million in the first quarter of fiscal year 2026, representing a 6.2% reduction from US$28.5 million in the first quarter of fiscal year 2025.

  • Cost of revenue decreased by 5.4% to US$13.3 million in the first quarter of fiscal year 2026, from US$14.0 million in the first quarter of fiscal year 2025. The decrease was primarily due to lower platform fees and reduced profit-sharing payments to game developers.
  • Research and development expenses increased 18.3% to US$1.2 million in the first quarter of fiscal year 2026, from US$1.0 million in the first quarter of fiscal year 2025. The increase was mainly attributable to the Company’s strategic collaborations with multiple developers throughout the development and testing phases.
  • Selling and marketing expenses decreased by 13.6% to US$10.8 million in the first quarter of fiscal year 2026, from US$12.5 million in the first quarter of fiscal year 2025. The reduction was primarily driven by a US$1.6 million decline in advertising costs related to player acquisition and retention, consistent with the Company’s strategy to scale back promotional spending amid volatile ad performance across major platforms and to optimize efficiency for mature titles.
  • General and administrative expenses were US$1.4 million in the first quarter of fiscal year 2026, representing an increase of 56.9% from US$0.9 million in the first quarter of fiscal year 2025. The increase was mainly attributable to higher salary expenses and professional service fees, largely associated with activities related to the Company’s enhancements to corporate governance, financial reporting, and investor relations functions in relation to its status as a publicly-listed company.

Operating Income

Operating income was US$1.0 million in the first quarter of fiscal year 2026, compared to US$1.5 million in the first quarter of fiscal year 2025. Operating margin was 3.6% in the first quarter of fiscal year 2026, compared to 5.0% in the first quarter of fiscal year 2025.

Other Income, Net

Other income, net, which mainly included the Company’s non-operating income and expenses, interest income and expenses, investment income (loss), and other income and expenses, was US$0.9 million in the first quarter of fiscal year 2026, compared to US$0.1 million in the first quarter of fiscal year 2025.

Net Income

Net income was US$1.8 million for the first quarter of fiscal year 2026, compared to US$1.6 million in the first quarter of fiscal year 2025. Net income attributable to Gamehaus Holdings Inc.’s shareholders per ordinary share was US$0.04 for the first quarter of fiscal year 2026, compared to US$0.03 in the first quarter of fiscal year 2025.

Cash and Cash Equivalents

Cash and cash equivalents were US$15.3 million as of September 30, 2025, compared to US$15.2 million as of June 30, 2025, which the Company believes is sufficient to meet its current liquidity and working capital needs for the next 12 months.

Business Outlook

For the second quarter of fiscal year 2026 ending December 31, 2025, the Company expects its total revenue to be in the range of approximately US$24 million to US$27 million. This forecast reflects the Company’s current and preliminary view of its expected financial performance, business situation and market condition, which is subject to change.

Recent Development

Share Repurchase Plan Update

In August 2025, the board of directors of the Company approved a share repurchase plan, pursuant to which the aggregate value of Class A ordinary shares authorized for repurchase under the plan through August 28, 2026 shall not exceed US$5 million. Repurchases may be made from time to time through open market transactions at prevailing market prices, in privately negotiated transactions, in block trades, and/or through other legally permissible means, including through the use of trading plans, intended to qualify under Rule 10b-18 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions and subject to market conditions and in accordance with applicable federal securities laws. The timing and actual amount of repurchases will be determined at the discretion of the Company’s management, based on factors including share price, trading volume, market conditions, business outlook, and capital allocation priorities. 

As of October 31, 2025, the Company had repurchased approximately 200,000 of its Class A ordinary shares for approximately US$285,000.

Conference Call Information

The management team of Gamehaus will host a conference call at 07:00 A.M. Eastern Time on Tuesday, November 25, 2025 (08:00 P.M. Beijing/Hong Kong time on the same day) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this conference including a conference passcode, a unique PIN number (personal access code), dial-in numbers, and an e-mail with detailed instructions to join the conference call.

Participant Online Registration: https://dpregister.com/sreg/10204494/10054ace2d2

A live and archived webcast of the conference call will be available on the Company’s Investor Relations website at https://ir.gamehaus.com/.

About Gamehaus

Gamehaus Holdings Inc. is a technology-driven global mobile game publisher dedicated to bridging creative studios and players worldwide. With a portfolio spanning mid-core and casual games, Gamehaus delivers full-stack publishing support across market insights, user growth, live-ops, data analytics and monetization optimization. With a vision to be the go-to partner for creative teams, the company specializes in combining global publishing reach with AI- and data-powered solutions to help partners build lasting success. For more information, please visit https://ir.gamehaus.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s business plan and outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may”, or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results due to various risks and uncertainties, including but not limited to those described under the “Risk Factors” section in the Company’s annual report on Form 20-F filed with the U.S. Securities and Exchange Commission.

Investor Relations Contact

Gamehaus Holdings Inc.
Investor Relations Team
Email: IR@Gamehaus.com 

The Blueshirt Group
Mr. Jack Wang
Email: Gamehaus@TheBlueshirtGroup.co

 

GAMEHAUS HOLDINGS INC. AND ITS SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(Amount in USD dollars, except for number of shares or otherwise noted)

As of

September 30,
2025

June

30, 2025

(Unaudited)

(Audited)

ASSETS

CURRENT ASSETS:

      Cash and cash equivalents

$

15,328,252

$

15,234,745

      Short-term investments

2,871,567

1,345,154

      Accounts receivable

9,201,948

10,423,418

      Advanced to suppliers, net

9,083,183

9,442,382

      Prepaid expenses and other current assets

4,370,647

3,128,788

TOTAL CURRENT ASSETS

40,855,597

39,574,487

NON-CURRENT ASSETS:

      Plant and equipment, net

124,833

124,503

      Intangible assets, net

4,779,917

5,001,523

      Operating lease right-of-use assets, net

373,845

512,647

      Equity investments

1,921,422

1,995,021

TOTAL NON-CURRENT ASSETS

7,200,017

7,633,694

TOTAL ASSETS

$

48,055,614

$

47,208,181

LIABILITIES

CURRENT LIABILITIES:

       Accounts payable

$

10,231,925

$

10,752,234

       Contract liabilities

1,636,975

1,871,120

       Accrued expenses and other current liabilities

682,123

903,252

       Operating lease liabilities

332,878

463,064

       Taxes payable

76,895

51,599

TOTAL CURRENT LIABILITIES

12,960,796

14,041,269

NON-CURRENT LIABILITY:

Operating lease liabilities

28,437

58,517

TOTAL NON-CURRENT LIABILITY

28,437

58,517

TOTAL LIABILITIES

$

12,989,233

$

14,099,786

SHAREHOLDERS’ EQUITY:

    Class A ordinary shares (par value of $0.0001 per share; 900,000,000
    shares authorized, 37,971,245 and 37,971,245 shares issued and
    outstanding as of September 30, 2025 and June 30, 2025,
    respectively)

3,797

3,797

    Class B ordinary shares (par value of $0.0001 per share; 100,000,000
    shares authorized, 37,971,245 and 15,598,113 shares issued and
    outstanding as of September 30, 2025 and June 30, 2025,
    respectively)

1,560

1,560

         Additional paid-in capital

10,954,201

10,954,201

         Treasury stock

(112,428)

         Retained earnings

25,452,190

23,543,001

         Accumulated other comprehensive loss

(1,051,616)

(1,276,222)

TOTAL GAMEHAUS HOLDINGS INC’S SHAREHOLDERS’
EQUITY

35,247,704

33,226,337

Non-controlling interests

(181,323)

(117,942)

TOTAL SHAREHOLDERS’ EQUITY

35,066,381

33,108,395

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

48,055,614

$

47,208,181

 

 

GAMEHAUS HOLDINGS INC. AND ITS SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME

(Amount in USD dollars, except for number of shares or otherwise noted)

For the

Three Months Ended

September 30,

2025

2024

(Unaudited)

(Unaudited)

REVENUE

$

27,730,376

$

29,992,967

OPERATING COST AND EXPENSES

   Cost of revenue

(13,276,705)

(14,034,397)

   Research and development expenses

(1,184,320)

(1,001,192)

   Selling and marketing expenses

(10,836,504)

(12,545,814)

   General and administrative expenses

(1,432,961)

(913,251)

OPERATING INCOME

$

999,886

$

1,498,313

OTHER INCOME (EXPENSES):

    Investment income (loss), net

676,089

(19,520)

    Interest income

174,554

154,642

    Other income (expenses), net

7,768

(13,063)

        Total other income, net

858,411

122,059

INCOME BEFORE INCOME TAXES

1,858,297

1,620,372

INCOME TAXES EXPENSES

12,543

50,828

NET INCOME

1,845,754

1,569,544

Less: net (loss) income attributable to non-controlling
    interests

(63,435)

9,521

NET INCOME ATTRIBUTABLE TO
    GAMEHAUS HOLDINGS INC’S
    SHAREHOLDERS

1,909,189

1,560,023

OTHER COMPREHENSIVE INCOME

Net income

1,845,754

1,569,544

 Foreign currency translation adjustment, net of tax

220,346

1,245,027

TOTAL COMPREHENSIVE INCOME

$

2,066,100

$

2,814,571

Less: total comprehensive (loss) income attributable
    to non-controlling interests

(63,381)

9,808

TOTAL COMPREHENSIVE INCOME
    ATTRIBUTABLE TO GAMEHAUS
    HOLDINGS INC’S SHAREHOLDERS

2,129,481

2,804,763

BASIC AND DILUTED EARNINGS PER
    SHARE:

Net income attributable to Gamehaus Holdings Inc’s
     shareholders per share

     Basic and diluted

$

0.04

$

0.03

Weighted average shares outstanding used in
     calculating basic and diluted income per share

  Basic and diluted*

53,569,358

50,000,000

* Presented on a retroactive basis to reflect the reverse recapitalization. 

 

LIFETASTIC’s brand new limited-edition Christmas cakes are here | Popular gift exchange picks | Fun parties for people and pets


HONG KONG SAR – Media OutReach Newswire – 25 November 2025 – With Christmas just around the corner, LIFETASTIC unveils its festive limited collection inspired by “Layers of Joy,” thoughtfully curated into three holiday selections: Christmas cakes for people, Christmas treats for pets, and festive gifting essentials. Whether you’re celebrating with family and friends, preparing a special surprise for your furry companion, or choosing a meaningful gift for the season, LIFETASTIC offers a complete Christmas experience filled with sweetness and ritual.

2025 Christmas banner press release (2)

For human cakes, LIFETASTIC launches three Christmas-exclusive flavours: the LIFETASTIC X Conspiracy Chocolate Xmas Chocolate Pecan Layer Cake (contains gluten), the upgraded Xmas Strawberry French Cream Layer Cake (contains gluten), and the classic Xmas Watermelon Shine Muscat Grape Layer Cake (gluten-free). Together, they present three distinct festive profiles—rich, elegant, and refreshing—perfectly finishing any holiday feast or gathering.

Complementing the cake collection, LIFETASTIC introduces a lineup of refined gifting delights, including the Musical Assorted Butter Cookies Gift Tin, the LIFETASTIC X Conspiracy Christmas-exclusive Handcrafted Chocolate Gift Box, and the Christmas Cake Voucher Set—designed to elevate Christmas parties, gift exchanges, and heartfelt gifting to loved ones or business partners.

LIFETASTIC also celebrates the season with pets in mind, presenting delicate and healthy fresh-food festive treats for furry friends. Highlights include the Christmas Pet Macaron Gift Set and two seasonal pet cakes—the Christmas Tree and Gingerbread Pet Cakes—so pets and their owners can share a warm, joyful, and truly memorable Christmas together.

摘要表 Abstract Table
聖誕蛋糕(Christmas Cakes for People
LIFETASTIC X Conspiracy Chocolate 聖誕朱古力核桃蛋糕(含麩質)
LIFETASTIC X Conspiracy Chocolate Xmas Chocolate Pecan Layer Cake
升級版法國忌廉士多啤梨蛋糕(含麩質)
Upgraded Xmas Strawberry French Cream Layer Cake
經典香印提子西瓜蛋糕(無麩質)
Xmas Watermelon Shine Muscat Grape Layer Cake (Gluten Free)
聖誕送禮精品(Christmas Gifting Specials
聖誕蛋糕禮券套裝 Christmas Cake Voucher Set

  • 售價selling price :HKD $488/套set
  • 5 套或以上 set or aboce :HKD $415/套(85 折 / 15% off )
  • 總價值Value:HKD $810
  • 內含 7 張禮券(買一送一、折扣券、原個蛋糕兌換券、件裝蛋糕兌換券 Contains 7 coupons (Buy-One-Get-One-Free, discount coupon, whole cake redemption coupon, single-piece cake redemption coupon)
  • 聖誕卡片形式包裝,儀式感 & 收藏價值高Christmas card-style packaging, with a strong sense of ceremony and high collectible value.
  • Coupon valid date until October 30 2026有效期至:2026 年 10 月 30 日
音樂盒雜錦牛油曲奇禮罐

Musical Assorted Butter Cookie Tin**

  • 隱藏式音樂底座(兩款旋律:〈We Wish You a Merry Christmas〉/〈Joy to the World〉)Hidden music base (two melodies: “We Wish You a Merry Christmas” / “Joy to the World”)
  • 四款曲奇口味:原味、朱古力、咖啡、伯爵茶小紅莓 Four cookie flavors: original, chocolate, coffee, Earl Grey tea with cranberry
  • 節日限定包裝 & 收藏價值高 Limited-edition festive packaging with high collectible value.
LIFETASTIC X Conspiracy 聖誕限定手工朱古力禮盒

Christmas-Edition Handcrafted Bonbons Gift Box**

  • 節日限定 Christmas limited Edition
  • Bean-to-bar 香港品牌合作 collaboration with Local Chocolate brand
  • 4 pc of bonbons 松木、開心果、紅桑子及伯爵茶 Pine, Pistachio, Raspberry and Earl Grey
聖誕毛孩甜點系列(Christmas Pet Treats Collection
聖誕寵物蛋糕 Christmas Pet Cakes 聖誕毛孩馬卡龍禮盒
1)聖誕樹 Christmas Tree Pet Cake — HKD $58

  • 主食材:火雞肉、西蘭花、希臘乳酪 Main ingredients: turkey, broccoli, Greek yogurt
  • 取材自傳統聖誕火雞大餐,充滿節日氛圍 traditional Christmas turkey feast, full of festive atmosphere.
2)薑餅人 Gingerbread Pet Cake — HKD $58

  • 主食材:烤牛肉、西蘭花、希臘乳酪
    聖誕烤肉元素,香氣溫暖、造型可愛 Main ingredients: roasted beef, broccoli, Greek yogurt
    Features Christmas roast elements, warm aroma and a cute appearance.
Christmas Pet Macaron Gift Set

— HKD $68

四款口味任選兩款Choose any two out of four flavors.:

鴨肉紅菜頭 ,雞肉紫薯 ,魚肉甘荀番薯 ,牛肉南瓜 Duck and beetroot, chicken and purple sweet potato, fish with carrot and sweet potato, beef and pumpkin.

LIFETASTIC PATISSERIE Branch Information

中環 ifc商場
IFC
中環國際金融中心商場2樓2096B號舖
Shop 2096B, Podium Level 2, ifc mall, 8 Finance Street, Central, Hong Kong
+852 2564 8280 | 10:30am – 8:30pm (Sat-Thu & PH) ; 10:30am – 9pm (Fri)
金鐘港鐵站
Admiralty MTR
金鐘港鐵站ADM30B號舖
Kiosk ADM 30B, Admiralty MTR Station, Hong Kong
+852 3709 6364 | 11:30am – 8:30pm
銅鑼灣名店坊
Fashion Walk
銅鑼灣Fashion Walk 1樓Kiosk 1B號舖
Kiosk 1B, 1/F, Main Block, Fashion Walk, 11-19 Great George Street, Causeway Bay, Hong Kong
+852 2564 8283 | 12pm – 8:30pm (Mon-Thu, Sun & PH) ; 11am – 10pm (Fri-Sat)
太古城中心
Cityplaza
太古城中心2期1樓Area 115號舖
Area 115, 18 Taikoo Shing Road, Taikoo Shing , Hong Kong
+852 2395 3368 | 11am – 9:30pm (Mon-Thu) ; 11am – 10pm (Fri-Sun & PH)
尖沙咀The ONE
The ONE
尖沙咀The ONE 4樓L406號舖
Shop L406, Level 4, The ONE, 100 Nathan Road, Tsim Sha Tsui, Kowloon
+852 2564 8533 | 11am – 9:30pm (Sun -Thu) ; 11am – 10pm (Fri & Sat)
旺角朗豪坊商場
Langham Place
旺角朗豪坊商場B2 35A號舖
Shop 35A, B2/F, Langham Place, 8 Argyle Street, Mong Kok
+852 2557 7261 | 11am – 10pm
九龍塘又一城
Festival Walk
九龍塘又一城LG2層 Kiosk C號舖
Kiosk C, Level LG2, Festival Walk, 80 Tai Chee Avenue, Kowloon Tong
+852 2154 1278 | 11am – 10pm
觀塘apm
APM
觀塘創紀之城5期1樓L1-5舖
Shop L1-5, Level 1, apm Millennium City 5 418 Kwun Tong Road, Kwun Tong
+852 3568 1352 | 11am – 9:30pm (Mon-Thu) ; 11am – 10pm (Fri-Sun & PH)
沙田新城市廣場
New Town Plaza
沙田新城市廣場3期3樓A304A號舖
Shop A304A, Level 3, New Town Plaza Phase 3, 18-19 Sha Tin Centre Street, Sha Tin
+852 2117 0708 | 11am – 9pm (Mon – Thu) ; 11am – 10pm (Fri – Sun)
元朗形點I
Yoho Mall I
元朗形點I期2樓2065號舖
Shop No. 2065, Level 2, YOHO MALL I, 9 Long Yat Road, Yuen Long
+852 3998 4262 | 12pm – 8:30pm (Mon-Thu) ; 11am – 10pm (Fri-Sun & PH)
荃灣廣場
Tsuen Wan Plaza
荃灣大壩街4-30號荃灣廣場1樓126號舖
Shop 126, Level 1, Tsuen Wan Plaza, 4-30 Tai Pa Street, Tsuen Wan
+852 3709 6045 | 11am – 10pm
The Southside

黃竹坑香葉道11號THE SOUTHSIDE地下G47號舖
Shop G47, G/F, THE SOUTHSIDE, 11 Heung Yip Road, Wong Chuk Hang
+852 2538 6990 | 11:30am- 8:30pm
屯門市廣場
Tuen Mun Town Plaza
屯門市廣場1期1樓1158號舖 (即將開幕)
Shop 1158, Level 1, Tuen Mun Town Plaza 1 (Coming Soon)
+852 2695 2677| 10:30am- 9:00pm

Hashtag: #LIFETASTIC




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

ABOUT LIFETASTIC

Founded in 2016 and inspired by Australia’s café–pâtisserie culture, LIFETASTIC—uniting “LIFE” and “FANTASTIC” under the ethos “LIFE is FanTASTIC”—pioneered Hong Kong’s first cake to feature whole, fresh watermelon. Through continuous refinement and local sourcing, our Signature Strawberry Watermelon Layer Cake balances juicy watermelon, ripe strawberries and toasted almonds in beautifully defined layers. Baked fresh daily in our own central bakery with rigorously selected ingredients, we are the first in Hong Kong to develop proprietary gluten-free almond bases and glutinous-rice bases, creating a lighter, aromatic foundation.
We design with everyone in mind: alongside our classics, we craft recipes using rare sugar as an alternative sweetener—thoughtfully suited for guests mindful of blood-sugar management—and offer vegan and keto-friendly selections. In total, we present 20+ seasonal, fruit-forward flavours across classic (with gluten) and gluten-free options.
PETISSERIE (for pets): As an early mover in human-and-pet dessert experiences in Hong Kong, LIFETASTIC develops a dedicated pet-friendly line so beloved companions can join the celebration with their own purpose-made treats—turning everyday affection into a tangible give-back.
Our presence now focuses on PATISSERIE & CAFÉ formats at landmark destinations including IFC Mall, Festival Walk and Cityplaza. THE ONE in Tsim Sha Tsui houses the LIFETASTIC Café and is being shaped as the flagship home of the LIFETASTIC Gold Member Club, delivering an elevated, member-first experience.

ABOUT CONSPIRACY CHOCOLATE

Conspiracy makes chocolate from bean to bar in Hong Kong, mixing 5,000-year-old traditions with modern science. The brand was founded in 2018 by two chocolate lovers, Amit Oz and Celine Herren, and makes both timeless European classics and innovative creations based on Asian cuisines.

Avoiding the commodity cacao market, Conspiracy works closely with one farm in Vietnam run by a master farmer-fermenter. This cooperation ensures both the quality of the chocolate and the farm’s ability to pay healthy wages to their team and run a healthy business independent of long and opaque supply chains.

FIS Ski Jumping World Cup Opens in Lillehammer with CHiQ as Official Partner


LILLEHAMMER, NORWAY – Media OutReach Newswire – 25 November 2025From November 21 to 23, the 2025/26 FIS Ski Jumping World Cup officially launched its new season in Lillehammer, Norway, igniting the winter sports calendar with breathtaking momentum. As an Official Data Partner of FIS, CHiQ joined global audiences in witnessing the season’s spectacular opening by leveraging diversified on-site advertising and an exclusive showcase of the televised broadcast.

FIS Ski Jumping World Cup Opens in Lillehammer with CHiQ as Official Partner

Throughout the 2025/26 season, CHiQ will maintain a consistent brand presence at key venues, leveraging steady on-site visibility, cross-regional brand exposure, and ongoing audience engagement to forge meaningful connections with viewers. At the opener in Lillehammer, held at the historic Lysgårdsbakken hill from the 1994 Winter Olympics, CHiQ’s branding was prominently featured across athlete zones and spectator areas, marking the start of a multi-month journey through the heart of winter sports culture. From on-site activations to digital engagement, CHiQ immerses audiences who value performance, precision, and the thrill of competition.

Ski jumping, long revered around the world for its drama and athleticism, is more than just a sport; it’s a celebration of courage, control, and elevation. The World Cup circuit draws millions of viewers, especially across Europe, where ski jumping enjoys deep-rooted popularity. CHiQ’s partnership with the FIS Ski Jumping World Cup reflects its innovation and ambition—values mirrored in the athletes who launch themselves into flight, defying gravity and expectations.

CHiQ also launched the #BringItHome interactive campaign across international social media platforms. The “CHiQ Panda Skiing” Instagram sticker series invites global users to share their stories and join the fun. With its playful mechanics and vibrant visuals, the campaign has attracted lively engagement and inspired diverse forms of creative expression, enhancing CHiQ’s appeal among younger audiences and deepening emotional resonance.

As the Lillehammer opener wraps up , the FIS Ski Jumping World Cup now moves on to the next stops in its global calendar. CHiQ will continue to support the tournament, bringing visibility and momentum to one of winter sports’ most iconic disciplines. This partnership marks a shared commitment to innovation, performance, and connecting with fans worldwide.

Hashtag: #CHiQ #FISSkiJumpingWorldCup

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

About CHiQ

CHiQ is a leading global smart living brand committed to technological innovation and user-centric design. By building integrated ecosystems and forging strategic international partnerships across sports and culture, CHiQ continues to expand its global footprint while promoting connected and intelligent lifestyles worldwide.