Home Blog Page 693

Qingming Festival: Conveying Mourning for Ancestors through Chiwen

BEIJING, April 2, 2026 /PRNewswire/ — A news report from China.org.cn on the Qingming Festival:


Qingming Festival: Conveying Mourning for Ancestors through Chiwen

Spring returns to the earth, bring clear skies and fresh air, and the Qingming Festival arrives as scheduled. Online Chinese Festivals, with auspicious beasts as the medium, unlocks the profound heritage and new chapter of the Qingming Festival.

Tracing the origins of the festival, Questions about the Year and Seasons said, “All things grow at this time, and they are all pure and bright, so it is called Qingming (meaning “pure and bright”).” This interprets the festival’s natural connotation. On the cultural level, it integrates the customs of mourning ancestors during the Cold Food Festival and going for a spring outing during the Shangsi Festival. It embodies the Chinese people’s adherence to tradition and love for spring.

Spring is the best time for reading, and the fragrance of books conveys thoughts on the Qingming Festival. This reflects the cultural extension and contemporary renewal of Qingming culture. Holding an ancient book and reading it carefully, you can perceive the wisdom of ancient sages in their poetic works. People, young and old, read books together, carrying forward our shared cultural heritage. In doing so, we can not only cultivate our temperament with the fragrance of books, but also view life rationally. Let Qingming culture glow with new vitality in the fragrance of ink.

Spring outings represent the most vivid natural connotation of the Qingming Festival. Going for outings, inserting willow branches, and flying kites… these folk customs that have been passed down for thousands of years, are not only an embrace of the vitality of heaven and earth, but also a vivid expression of Qingming culture.

Nowadays, such customs have been endowed with a new life, so that the connotations of the Qingming Festival—”heaven and earth are clear, carrying Forward Cultural Heritage” can be continued and updated in spring outings of the contemporary era. Young generations use innovative methods to bring life into the natural connotation and cultural heritage of the Qingming Festival as recorded in ancient books, thereby achieving a two-way interaction between tradition and fashion.

From the initial stage when the ancestors revered heaven and earth, to today’s innovation in cultural inheritance, and Qingming culture has been constantly updated from generation to generation. Online Chinese Festivals, with auspicious beasts as the bridge, make the ancient heritage of the Qingming Festival glow with the brilliance of the times.

Chiwen conveys mourning for thoughts, and the prayer for a peaceful world. Online Chinese Festivals provide a moment for remembering ancient sages of Chinese civilization.

Qingming Festival: Conveying Mourning for Ancestors through Chiwen and Carrying Forward Cultural Heritage | AI Mythical Animals Celebrate Auspicious Festivals
http://xitheory.china.com.cn/2026-04/01/content_118413560.htm

Qingming Festival: Conveying Mourning for Ancestors through Chiwen
https://www.facebook.com/reel/1511100383852553/

 

A New Chapter in Taiwan-Japan Tech Collaboration: Netiotek and ShareGuru to Showcase On-Premise AI Solutions Powered by Neuchips at Japan IT Week

TAIPEI, April 2, 2026 /PRNewswire/ — As Generative AI applications transition from the cloud to internal corporate environments, the demand for enhanced data security and localized performance continues to surge. Supported by the Taiwan-Japan Industrial Collaboration Promotion Office (TJIC) of the Institute for Information Industry, a strategic trio—Neuchips, Netiotek, and ShareGuru—has joined forces to launch an integrated on-premise AI solution.

Netiotek Joins Forces with ShareGuru to Collectively Advance Local Generative AI Expertise
Netiotek Joins Forces with ShareGuru to Collectively Advance Local Generative AI Expertise

This comprehensive package combines high-performance AI acceleration cards, industrial-grade edge computing servers, and sophisticated knowledge-based Q&A systems.

Triple Collaboration: Building the Foundation for Localized AI

This partnership integrates the core technologies of three industry leaders. The solution will be featured in-depth by the ShareGuru and Netiotek teams during the upcoming exhibition:

  • Netiotek: Provides the NERMPC-265K, an industrial-grade edge computing platform. Renowned for its superior stability and thermal design, it serves as the ideal hardware foundation for long-term on-premise AI operations.
  • ShareGuru: Provides an enterprise-level semantic document retrieval and Q&A system. Utilizing its core ShareQA technology, it transforms diverse corporate documents into a real-time, high-precision knowledge base.
  • Neuchips: Provides AI inference acceleration cards specifically optimized for Transformer architectures. The low power consumption and ease of deployment significantly reduce the operational costs for enterprises adopting Large Language Models (LLMs).

Forward-Looking Strategy: Experience Today, Witness Tomorrow

“Neuchips is dedicated to breaking through computational bottlenecks. We have already begun planning our next-generation hardware solutions optimized for Generative AI,” a spokesperson stated. “By leveraging advanced architectures to support larger model configurations, we aim to comprehensively upgrade the processing speed and accuracy of on-premise inference. We cordially invite industry leaders to experience our first-generation solutions firsthand. Your feedback will be a vital reference as we refine our next-gen products.”

Exhibition Information

We invite you to experience the technical innovations of high-performance on-premise AI and engage with our team of experts at the event:

  • Event:Japan IT Week (Embedded, Edge & IoT Computing Expo)
  • Date: April 8 – April 10
  • Location: Tokyo Big Sight, Japan

West Hall 3, 4F, W20-22 (TAIWAN TECH PAVILION)

About the Partners

  • Netiotek: Specializes in robust edge computing for OT–IT connectivity, AIoT, and Local LLM.
  • ShareGuru: An innovator in AI-driven knowledge management and semantic search technologies.
  • Neuchips: A premier provider of energy-efficient AI ASIC solutions tailored for the generative AI era.

MINK Design Pte Ltd Announces Redesign of Website for Commercial Renovation Services in Singapore

SINGAPORE, April 2, 2026 /PRNewswire/ — MINK Design Pte Ltd, a commercial renovation contractor in Singapore, has announced the redesign of its company website to provide clearer information about its commercial renovation services and project workflow for businesses planning commercial renovation in Singapore.

The updated website introduces a more structured overview of the company’s commercial renovation services, allowing businesses to better understand the steps involved in a typical commercial renovation project. The redesign highlights the company’s work across commercial spaces such as offices, retail environments, clinics, and food-and-beverage establishments.

Across Singapore, companies undertaking commercial renovation projects are increasingly focused on improving functionality, customer-facing design, and operational efficiency within their business space. The redesigned platform aims to provide information about how commercial renovation services support these goals through practical planning, construction coordination, and compliance with local guidelines.

Updated Website Explains the Commercial Renovation Process

The redesigned site https://www.mink.sg/ outlines the typical renovation process involved in commercial renovation Singapore projects, beginning with an initial consultation where business owners discuss project scope, operational goals, and budget constraints.

From there, the process moves into space planning and layout planning, which help determine how the commercial space can be organised to support daily business operations. These stages are followed by construction coordination and finishing works, culminating in final handover once the renovation work is complete.

During commercial renovation, planning also involves reviewing permit applications, regulatory requirements, and compliance requirements that apply to work within commercial buildings. Renovation contractors must ensure adherence to safety regulations and safety standards, while coordinating schedules to reduce costly delays and maintain minimal disruption to ongoing operations.

Supporting Multiple Types of Commercial Renovation

The website redesign also highlights different types of commercial renovation undertaken by the company. These include commercial office renovation, restaurant renovation, clinic renovation, school renovation, and renovation works for retail stores.

Each industry presents different requirements. Clinic renovation and projects involving medical facilities may emphasise functional layouts and a calming environment, while restaurant renovation often focuses on operational flow and customer-facing design. Renovation of a retail shop or retail store may prioritise brand identity, customer flow, and an inviting atmosphere where impressions matter for visitors.

For businesses planning office renovation, design considerations may focus on layouts that help enhance productivity and improve overall workplace efficiency.

The redesigned website explains how careful planning and coordinated execution allow renovation contractors to manage these varied project requirements while ensuring each commercial renovation project runs smoothly.

Renovation Costs and Planning Considerations

The platform also provides general information about factors that may influence commercial renovation costs, including project scale, design complexity, and the square foot size of the commercial unit.

Businesses evaluating their commercial renovation cost in Singapore should consider the scope of renovation projects, material selection, and regulatory considerations. Early planning and coordination with renovation contractors can help align the renovation scope with operational timelines and financial considerations.

About MINK Design Pte Ltd

MINK Design Pte Ltd is an experienced commercial renovation contractor in Singapore providing commercial renovation services for businesses across the country. The company undertakes commercial renovation projects including commercial office renovation, restaurant renovation, clinic renovation, school renovation, and retail shop renovation.

Serving businesses across Singapore, the company works on commercial premises and commercial buildings, delivering services such as space planning, construction coordination, and reinstatement works. MINK Design supports businesses throughout the entire process of commercial renovation in Singapore, from planning and design through construction, completion, and post-renovation support.

Through its commercial renovation services, the company works with business owners to adapt existing commercial space, support operational changes, and bring new life to workplaces and customer-facing environments.

CONTACT: Maurice Mok, m.mok@mink.sg, +65 8866 6134

Inside Honda LCR: Key Milestones Since Teaming Up with GOD55 Sports


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 2 April 2026 – As the 2026 MotoGP season roars to life, the landscape of motorsport media and fan engagement is shifting. From a spectacular street launch in the heart of Kuala Lumpur to a gruelling season opener in Thailand, the new racing year is already delivering thrilling action. Fans can look forward to a brand-new MotoGP season, featuring fresh talent, evolving machinery, and high-speed action across the globe.

Inside Honda LCR: Key Milestones Since Teaming Up with GOD55 Sports
Inside Honda LCR: Key Milestones Since Teaming Up with GOD55 Sports

Key Takeaways

  • Strategic Long-Term Partnership: GOD55 Sports and the Honda LCR Team have forged a three-year alliance (2026–2028) to deliver exclusive behind-the-scenes content and expand MotoGP’s footprint in the Southeast Asian market.
  • Massive Regional Fan Engagement: A highly successful, immersive 2026 season street launch and interactive Fan Zone at KLCC (Kuala Lumpur City Centre) demonstrated the region’s immense and growing passion for premier motorcycle racing.
  • Promising Season Start in Thailand: Despite intense heat and demanding track conditions at the season-opening Thai Grand Prix, veteran Johann Zarco and rookie Diogo Moreira both delivered strong, point-scoring performances.
  • High Anticipation for Brazil: Momentum is building as the MotoGP calendar shifts to the Autódromo Internacional de Goiânia, marking a highly anticipated home-soil race for Brazilian rookie Diogo Moreira.

Honda LCR Team Partners with GOD55 Sports for 2026–2028 MotoGP Seasons

In a major step for regional motorsport media, GOD55 Sports has secured a three-year strategic partnership with the Honda LCR Team, covering the 2026, 2027, and 2028 MotoGP seasons.

The team enters this collaboration with a strong rider lineup featuring experienced French competitor Johann Zarco and rising Brazilian talent Diogo Moreira, the 2025 Moto2 World Champion.

The partnership introduces Honda LCR brand activations at selected MotoGP rounds while expanding exposure for the team across Southeast Asia. As an official premium partner, GOD55 Sports will provide exclusive motorsport insights and behind-the-scenes access, offering fans a closer look at the dynamics of a top MotoGP operation.

With this long-term collaboration running through 2028, GOD55 Sports strengthens its role in international motorsport coverage while supporting the growing regional interest in MotoGP.

What Happened at the KLCC MotoGP 2026 Season Launch

The 2026 MotoGP season launch in Kuala Lumpur marked a historic moment for both Malaysia and the global MotoGP community. It was the second consecutive year that MotoGP organised a large-scale, centralised season launch in the country.

Held beneath the iconic Petronas Twin Towers, the event showcased the new season’s bikes, teams, and riders while offering fans an exciting blend of live entertainment and motorsport culture.

Thousands of fans gathered to celebrate the upcoming season, reinforcing Malaysia’s growing reputation as a key destination for major international racing events.

Spectacular MotoGP 2026 Street Launch in Kuala Lumpur

The street launch transformed the heart of Kuala Lumpur, particularly the Suria KLCC area, into an immersive motorsport festival.

Interactive bike displays, team exhibitions, and live demonstrations attracted thousands of racing enthusiasts eager to experience MotoGP up close. Throughout the week-long Fan Zone at KLCC, visitors enjoyed rare access to MotoGP machinery, team displays, and rider showcases.

The main evening event on Saturday, 7th Feb, delivered a high-energy celebration featuring an urban bike run, live music performances, and interactive fan activities. The combination of sport, entertainment, and city culture created a vibrant atmosphere that highlighted Kuala Lumpur’s capability to host world-class sporting events.

Beyond launching the new season, the event strengthened the connection between MotoGP and its global fanbase.

Honda LCR and GOD55 Sports Deliver Engaging MotoGP Fan Zone

The Honda LCR Team, together with GOD55 Sports, created one of the standout attractions at the MotoGP Fan Zone from 2 to 7 February.

The free-entry booth welcomed more than 10,000 motorsport enthusiasts, offering fans the opportunity to view official racing gear used by riders Johann Zarco and Diogo Moreira, including racing leathers and helmets.

The booth’s distinctive red-and-gold design reflected the branding of both Honda LCR and GOD55 Sports. Fans also participated in several interactive activities, including:

  • Time Attack Challenge
  • Gashapon prize machines
  • Social media engagement activities
  • Participants had the chance to win exclusive merchandise and collectibles.

One of the biggest highlights of the week was a special rider meet-and-greet session, where fans received free autographed posters and interacted with the riders. Despite occasional rain during the event, the fan turnout remained strong, demonstrating the growing enthusiasm for MotoGP in the region.

Influencers and content creators also amplified the event through online coverage, expanding its reach across digital platforms and energising the wider motorsport community.

The successful Fan Zone experience showcased the Honda LCR team and GOD55 Sports’ commitment to creating immersive fan experiences, setting the tone for further engagement activities throughout the upcoming MotoGP seasons.

Zarco and Moreira Score Early Points at the Thai Grand Prix

The 2026 MotoGP season officially began on 1 March with a demanding race at the Chang International Circuit in Buriram, Thailand.

Riders battled intense heat and tyre degradation in a gruelling opening round that tested both experience and endurance. While Marco Bezzecchi secured a commanding victory, attention also turned to the LCR Honda duo of Zarco and Moreira.

Johann Zarco delivered a composed ride in challenging conditions, finishing 11th and securing five valuable championship points for the team. Meanwhile, Diogo Moreira achieved a personal milestone by finishing 13th, earning his first MotoGP points in his debut full-length Grand Prix appearance.

Rookie Progress and Team Dynamics Shine Bright

Moreira’s performance highlighted his rapid development in the premier class. The 21-year-old Brazilian rookie, who stepped up from Moto2 for the 2026 season, credited Zarco’s experience and race craft as a key influence on his progress.

Throughout the race, Moreira stayed close to his veteran teammate, using the opportunity to learn race management and pace strategy at the highest level of motorcycle racing.

For Zarco, simply finishing the demanding opening round and scoring points was already an important achievement. The result provides valuable momentum for the team as they prepare for the next race of the season.

Eyes Now Turn to Home Soil Drama in Brazil

Following the season opener, attention now shifts to the highly anticipated Brazil Grand Prix, a historic addition to the MotoGP calendar.

The race will take place at the Autódromo Internacional de Goiânia Ayrton Senna, marking a major moment for Brazilian motorsport fans.

For Diogo Moreira, the event carries special significance as he prepares to compete in front of his home crowd. Opportunities for Brazilian riders in the MotoGP premier class are rare, making the upcoming race particularly meaningful for both the rider and his supporters.

The points earned in Thailand provide a strong foundation of confidence for the young racer as he continues his journey in one of the world’s most competitive championships.

Growing the Partnership Season by Season

Both the Honda LCR Team and GOD55 Sports share a clear vision for the future of their collaboration.

Richard Green, CEO of GOD55 Sports, emphasised that the partnership aims to bring fans closer to the team and the excitement of MotoGP. Meanwhile, Lucio Cecchinello, Team Principal of the Honda LCR Team, highlighted the importance of engaging motorsport enthusiasts across Southeast Asia.

Over the 2026 to 2028 seasons, the partnership will continue to evolve with:

  • Exclusive behind-the-scenes content
  • Expanded fan engagement initiatives
  • Special activations at selected MotoGP events

From major season launches to key races throughout the calendar, the alliance promises to deliver deeper insights into team strategy, rider development, and the inner workings of a top-tier MotoGP operation.

As the collaboration grows, Southeast Asian fans can expect richer content, closer access to the team, and a front-row perspective on Honda LCR’s pursuit of success in MotoGP.Hashtag: #motogp #hondalcr #god55sports #racing #partnership #honda #motorsports #johannzarco #diogomoreira



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

GOD55 Sports

GOD55 Sports is a leading digital sports media platform built to connect fans across Southeast Asia with the global world of sports. We deliver the latest news, in-depth analysis, and exclusive coverage — bringing fans closer to the games, stories, and athletes they love.

From football, motorsports, badminton, and tennis to the fast-growing sport of pickleball, GOD55 Sports blends real-time updates with expert insights to create a complete, engaging sports experience.

Visit us at:

When Demand Becomes the System: Delonix and the Rewriting of Hospitality’s Operating Logic

SHENZHEN, China, April 1, 2026 /PRNewswire/ — On March 30, Delonix Group presented two new initiatives at its 2026 strategy conference: Genie AI, embedded in its Betterwood App, and a customer experience framework known as the Heavenly Stems & Earthly Branches Model.

Delonix Group 2026 Strategy Conference
Delonix Group 2026 Strategy Conference

Individually, they resemble product and service upgrades. Taken together, they suggest something more structural: an attempt to replace the logic on which the hospitality industry has operated for decades.

For most of its modern history, the sector has been governed by a simple equation—growth through physical expansion. More rooms, better locations, higher occupancy. Scale was both strategy and moat.

That equation is beginning to break.

Chairman Zheng Nanyan framed the shift not as cyclical, but structural. The convergence of maturing consumer expectations and rapidly deployable AI systems is eroding the effectiveness of asset-led growth. Standardization, once a tool for efficiency, now produces indistinguishable experiences. Capital intensity, long tolerated, is becoming a constraint. 

What is emerging in its place is not a more efficient version of the same model, but a different organizing principle altogether: demand, not supply, as the system’s point of origin.

From Capacity to Interpretation

In this emerging model, the central problem is no longer how to build and fill capacity, but how to interpret and respond to fragmented, real-time customer intent.

This is where Delonix is positioning Genie AI.

Unlike most applications of AI in hospitality—which tend to sit at the interface level—Genie AI is designed to sit in the middle of the system, between intent and execution. It does not simply respond to requests; it structures them.

A guest interaction—whether through app input or voice—is translated into a sequence of executable tasks, routed through a centralized decision layer, and distributed to the nearest available human resource, before feeding back into the system as data.

The technical architecture is not unprecedented. What is notable is the ambition to make it foundational.

If it works as intended, service ceases to be a function of individual responsiveness and becomes instead a property of the system itself. Variability, historically managed after the fact, is designed out at the level of coordination.

In that sense, AI is no longer augmenting service. It is defining its boundaries.

Standardization Was the Solution. Now It Is the Constraint.

The industry’s previous growth model depended on standardization: replicable rooms, predictable services, consistent delivery across locations. This enabled scale, but at the cost of differentiation.

As consumer expectations evolve, that trade-off is becoming less acceptable.

Delonix’s response is not to abandon standardization, but to layer variability on top of it—systematically.

The Heavenly Stems & Earthly Branches Model introduces a framework in which products and services are no longer fixed configurations, but evolving modules. Customer interaction becomes an input into how the product itself is iterated over time.

The implication is subtle but significant.

Hotels are no longer static assets with service attached. They become adaptive systems, where the product is continuously reshaped by usage.

For customers, this promises a form of progression—an experience that accumulates rather than resets. For operators and investors, it suggests a shift from one-off capital deployment to ongoing, incremental reconfiguration.

In both cases, the underlying assumption is the same: value is not embedded in the asset, but generated through interaction.

Control Shifts to the System Layer

What ties these elements together is not technology alone, but control.

In the traditional model, control resided in assets—ownership, location, physical scale. In the emerging model, it moves upward, into the system layer that interprets demand, allocates resources, and continuously adjusts the product.

This shift has implications beyond efficiency.

A system that can interpret intent, coordinate execution, and learn from outcomes begins to set the terms of competition. The advantage no longer lies in having more assets, but in having a better system for deciding how those assets are used.

In that sense, AI is not just infrastructure. It is governance.

An Industry at the Edge of Repricing

China’s broader push to integrate AI into industrial and consumer systems provides the backdrop for this shift. Policy frameworks such as the State Council’s “AI+” initiative are accelerating deployment, but the more consequential changes are happening at the level of business models.

Hospitality is one of the more exposed sectors.

As the marginal return on physical expansion declines, and as customer expectations become more fluid, the industry is moving toward a repricing of what constitutes value. Scale, once the primary moat, is becoming easier to replicate and harder to defend.

What replaces it is still being defined.

Delonix’s approach offers one possible direction: treating demand as a continuously generated input, and building systems capable of capturing and compounding it. Whether this model proves durable remains to be seen. But its premise is clear.

The future of hospitality may depend less on how hotels are built, and more on how they think.

About Delonix Group

Delonix Group is a leading international hospitality and experiential consumption group in the Asia-Pacific region. Ranked 14th globally, the Group partnered with Marriott International to launch the world’s first dual-branded luxury property: MajesTang Hotel • A Tribute Portfolio Hotel, while independently creating MaisonLee, a Tang-inspired premium business travel brand. As one of the first Chinese hotel groups to expand overseas, Delonix has established a presence in high-potential markets such as Japan and Indonesia, now spanning more than 200 cities worldwide. Its portfolio encompasses Swiss-Belhotel, Artotel, Model J, hotel MONday, and other brands, positioning the Group at the forefront of building a new generation global platform for high-end hospitality and culturally immersive travel.

Hon Hai Technology Group (Foxconn) Names Michael Chiang Rotating CEO, Boosting Leadership Governance

Stable and sustainable operations at core of innovative C-suite training amid AI era

TAIPEI, April 2, 2026 /PRNewswire/ — Deepening its corporate governance work, Hon Hai Technology Group (“Foxconn”) (TWSE: 2317) has named Michael Chiang its rotating Chief Executive Officer, assuming a key role that strengthens the bench for next generation leadership and raises global competitiveness at the world’s largest electronics manufacturer and leading technology solutions provider.

(R-L) Foxconn incoming rotating CEO Michael Chiang, Chairman Young Liu, outgoing rotating CEO Kathy Yang
(R-L) Foxconn incoming rotating CEO Michael Chiang, Chairman Young Liu, outgoing rotating CEO Kathy Yang

The transition reinforces the maturity of Foxconn’s C-suite-level talent cultivation and institutional innovation, while at the same time, underpins stable global operations and sustainable growth amid the challenges of the AI era. Chiang, who concurrently will continue to lead the Group’s business operation related to smart consumer electronics, takes the baton from Kathy Yang for a one-year term from April 1.

Foxconn Chairman Young Liu said: “The core of senior CEO training lies in direct involvement and hands-on problem-solving in management and operations. Through a continuous mindset of debugging and the construction of methodologies, we strengthen the Group’s operational foundations, while allowing talent development and system building to progress in parallel.”

In a handover ceremony this week, Chiang said: “We will continue to refine corporate governance and build expert-driven teams. Over the next year, I plan to focus on establishing a comprehensive and systematic body of know-how, centered on the real needs of business units. Through resource optimization and precise risk management, we aim to maintain our global leadership in competitiveness.”

Outgoing rotating CEO Yang said: “Trained to view the enterprise from a business-owner perspective, the invaluable experience gained through rotation does not remain personal, but is distilled into replicable methodologies, ultimately forming a management framework that supports long-term, stable development.”

During her tenure, Yang focused on operational rhythm and governance advancement, driving cross-unit collaboration and effective execution of key initiatives. Yang was honored in Fortune’s “100 Most Powerful Women Asia 2025” and, in 2026, Manufacturing Digital’s “Top 10: Women in Manufacturing“.

Chiang joined Foxconn in 1999. He was assigned to California in the early 2000s to oversee the Group’s personal computer business and, since then, has taken on greater responsibilities in ICT operations and key customer accounts. Chiang holds a Master’s degree from Claremont Graduate University in the US, specializing in human resource development and organizational strategy management.

About Foxconn here.

Dogness Reports Financial Results for the Six Months Ended December 31, 2025

DONGGUAN, China and PLANO, Texas, April 2, 2026 /PRNewswire/ — Dogness (International) Corporation (“Dogness” or the “Company”) (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products, today announced its financial results for the six months ended December 31, 2025.

Mr. Silong Chen, Chief Executive Officer of the Company, commented: “The first half of fiscal 2026 presented challenges as U.S. tariff policies temporarily impacted our overall revenue and margins. Despite these headwinds, our core traditional pet products category demonstrated strong resilience, growing 14.6% year-over-year driven by increased global demand and loyal customer orders.”

“To mitigate external pressures, we took proactive steps to optimize operations, successfully reduced our general and administrative expenses by over 20%. At the same time, we strategically invested in targeted marketing to expand our brand footprint and capture future market share.”

“Looking ahead, our outlook remains highly optimistic. We are accelerating our R&D initiatives to introduce a new generation of intelligent, eco-friendly pet products that meet evolving consumer demands. Backed by a robust portfolio of over 200 patents and a fully integrated supply chain, Dogness is well-positioned to navigate these temporary trade fluctuations, return to sustainable growth, and deliver long-term shareholder value.”

Financial Results for the Half Year Ended December 31, 2025

Revenue decreased by approximately $4.4 million, or 36.2%, from about $12.1 million for the six months ended December 31, 2024 to approximately $7.7 million for the six months ended December 31, 2025. The decrease in revenue was primarily attributable to the impact of United State’s tariff policies.

The following table breaks down Dogness’ revenue by product and service type for the six months ended December 31, 2025 and 2024:

For the six months ended December 31,

2025

2024

Products and services
category

Revenue

Revenue

Variance %

Products

Traditional pet products

$

5,343,190

$

4,660,824

14.6

%

Intelligent pet

1,701,321

4,546,642

(62.6)

%

Climbing hooks and
others

666,390

2,878,245

(76.8)

%

Total revenue from
products

7,710,901

12,085,711

(36.2)

%

─ Traditional pet products

Revenue from traditional pet products increased by approximately $0.7 million, or 14.6%, from approximately $4.7 million for the six months ended December 31, 2024 to approximately $5.3 million for the six months ended December 31, 2025. The increase was mainly driven by increased sales volume for the six months ended December 31, 2025. Among the total revenue increase, $0.5 million was from sales to customers in international markets, and $0.2 million was from sales to customers in China domestic market, primarily due to increased orders from our current customers.

─ Intelligent pet products

Revenue from intelligent pet products decreased by approximately $2.8 million, or 62.6%, from around $4.5 million for the six months ended December 31, 2024, to roughly $1.7 million for the same period in 2025. The decrease was mainly driven by a decrease in sales volume and average selling price for the six months ended December 31, 2025, compared to the six months ended December 31, 2024. Among the total revenue decrease, $1.4 million decrease was from sales to customers in international markets and $1.5 million was from sales to customers in China domestic market, primarily due to decreased orders from our current customers.

─ Climbing hooks and others

Revenue from climbing hooks and other products decreased by about $2.2 million, or 76.8%, from roughly $2.9 million for the six months ended December 31, 2024, to about $0.7 million for the same period in 2025. The decrease was mainly driven by decreased sales volume and average selling price during the six months ended December 31, 2025, compared to the six months ended December 31, 2024. Among the total revenue decrease, $1.5 million decrease was from sales to customers in international markets and $0.7 million was from sales to customers in China domestic market, primarily due to the decreased orders from our current customers.

─ International vs. Domestic sales

Total international sales decreased by about $2.4 million, or 29.8%, from approximately $8.0 million for the six months ended December 31, 2024, to about $5.6 million during the same period in 2025, driven by significant decrease in sales orders, due to the impact of United States’s tariff policies.

Domestic sales decreased by approximately $2.0 million, or 48.8%, from about $4.1 million for the six months ended December 31, 2024 to about $2.1 million for the six months ended December 31, 2025. The decrease in our domestic market sales was driven by significant decreased sales orders from our main customers, who are also affected by United States’s tariff policies, resulting in reduced demand for our products.

Cost of revenues decreased by $1.8 million, or 21.0%, from approximately $8.7 million for the six months ended December 31, 2024, to approximately $6.8 million for the six months ended December 31, 2025, due to a significant decrease in sales volume. As a percentage of revenues, the cost of goods sold increased by 17.1 percentage points to 88.8% for the six months ended December 31, 2025, compared to 71.7% for the six months ended December 31, 2024.

Gross profit decreased by approximately $2.6 million, or 74.6%, from about $3.4 million for the six months ended December 31, 2024 to about $0.9 million for the six months ended December 31, 2025, primarily attributable to lower sales volume and reduced average selling price for intelligent pet products and climbing hooks and others products. Gross profit margin decreased to 11.2% for the six months ended December 31, 2025 from 28.3% for the six months ended December 31, 2024.

Total operating expenses increased by approximately $0.7 million or 13.0%, to about $6.3 million for the six months ended December 31, 2025, compared to around $5.6 million for the same period in 2024.

─ Selling expenses

Selling expenses increased by about $0.6 million, or 97.7%, from approximately $0.6 million for the six months ended December 31, 2024, to approximately $1.2 million for the six months ended December 31, 2025. The increase was primarily attributable to the increase in entertainment fees and advertising fees for the six months ended December 31, 2025. Selling expenses were 16.0% and 5.2% of total revenue for the six months ended December 31, 2025, and 2024, respectively.

─ General and Administrative Expenses

General and administrative expenses decreased by approximately $0.9 million, or 20.3%, from about $4.3 million for the six months ended December 31, 2024, to roughly $3.4 million for the same period in 2025. The decrease was primarily due to the reduction in office renovation expenses, depreciation expenses and share-based compensation expenses. As a percentage of sales, general and administrative expenses were 44.6% and 35.7% of total revenue for the six months ended December 31, 2025 and 2024, respectively.

─ Research and Development Expenses

Research and development expenses decreased by $0.1 million, or 19.8%, from approximately $0.7 million for the six months ended December 31, 2024, to about $0.5 million for the same period in 2025. As a percentage of sales, research and development expenses were 6.9% and 5.5% of total revenue for the six months ended December 31, 2025 and 2024, respectively. The Company expects these expenses to continue to increase as it expands research and development activities to increase the use of environmentally-friendly materials and develop more new high-tech products to meet customer demands.

Net loss increased by approximately $3.4 million, or 185.0%, from about $1.8 million for the six months ended December 31, 2024, to approximately $5.2 million for the six months ended December 31, 2025.

About Dogness

Dogness (International) Corporation was founded in 2003 from the belief that pet dogs and cats are important, well-loved family members. Through its smart products, hygiene products, health and wellness products, and leash products, Dogness is able to simplify pet lifestyles, make them more scientific, and enhance the relationship between pets and pet caregivers. The Company ensures industry-leading quality through its fully integrated vertical supply chain and world-class research and development capabilities, which has resulted in over 200 patents and patents pending. Dogness products reach families worldwide through global chain stores and distributors. For more information, please visit: ir.dogness.com.

Forward Looking Statements

No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the impact of U.S. tariffs policy on our exports to the United States and related effects on our price competitiveness and overall profitability, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China and the U.S., our ability to attract and retain highly skilled professionals, client concentration, industry segment concentration, reduced demand for technology in our key focus areas, our ability to successfully complete and integrate potential acquisitions, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Dogness may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

For more information please contact:

WFS Investor Relations Inc
Connie Kang, Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)

 

 

 

DOGNESS (INTERNATIONAL) CORPORATION
CONSOLIDATED BALANCE SHEETS
(All amounts in USD)

As of

December 31,
2025

As of

June 30, 2025

(Unaudited)

ASSETS

CURRENT ASSETS

Cash and cash equivalents

$

6,633,479

$

12,831,485

Accounts receivable-third-party, net

1,379,534

1,302,189

Accounts receivable-related party

12,135

Inventories, net

2,293,311

2,719,790

Due from a related party

126,300

108,387

Prepayments and other current assets

3,030,798

3,497,688

Total current assets

13,463,422

20,471,674

NON-CURRENT ASSETS

Property, plant and equipment, net

63,373,780

58,259,795

Intangible assets, net

1,761,959

1,748,755

Long-term investments in equity investees

20,015,853

20,656,752

Operating lease right-of-use lease assets

12,989,658

13,166,788

Deferred tax assets

2,846,502

2,542,822

Total non-current assets

100,987,752

96,374,912

TOTAL ASSETS

$

114,451,174

$

116,846,586

LIABILITIES AND EQUITY

CURRENT LIABILITIES

Short-term bank loans

$

715,000

$

698,000

Current portion of long-term bank loans

2,316,411

1,324,854

Accounts payable

1,616,434

1,593,590

Accounts payable – related party

51,294

22,663

Due to a related party

117,202

32,171

Contract liabilities

264,183

187,846

Taxes payable

568,702

566,682

Operating lease liabilities, current

663,364

197,130

Accrued expenses and other current liabilities

1,369,078

1,482,981

Total current liabilities

7,681,668

6,105,917

NON-CURRENT LIABILITIES

Long-term bank loans

652,706

2,035,353

Operating lease liabilities, non-current

10,975,856

10,952,491

Total non-current liabilities

11,628,562

12,987,844

TOTAL LIABILITIES

19,310,230

19,093,761

Commitments and Contingencies (Note 13)

EQUITY

Class A Common shares, no par value, unlimited shares
authorized; 5,441,658 and 5,161,658 issued and
outstanding as of December 31, 2025 and June 30, 2025,
respectively

117,636,230

117,349,730

Class B Common shares, no par value, unlimited shares
authorized; 9,069,000 issued and outstanding as of
December 31, 2025 and June 30, 2025

18,138

18,138

Statutory reserve

291,443

291,443

Accumulated deficit

(15,667,948)

(10,492,946)

Accumulated other comprehensive loss

(7,136,963)

(9,413,583)

Equity attributable to owners of the Company

95,140,900

97,752,782

Non-controlling interest

44

43

Total equity

95,140,944

97,752,825

TOTAL LIABILITIES AND EQUITY

$

114,451,174

$

116,846,586

 

 

 

DOGNESS (INTERNATIONAL) CORPORATION

STATEMENTS OF LOSS AND COMPREHENSIVE LOSS

(All amounts in USD)

(Unaudited)

For the Six Months Ended

December 31,

2025

2024

Revenue

$

7,710,901

$

12,085,711

Cost of revenue

6,843,935

8,668,552

Gross Profit

866,966

3,417,159

Operating expenses:

Selling expenses

1,234,204

624,410

General and administrative expenses

3,437,429

4,312,486

Research and development expenses

533,477

665,494

Impairment of investment in equity investee

1,123,200

Total operating expenses

6,328,310

5,602,390

Loss from operations

(5,461,344)

(2,185,231)

Other income (expense):

Interest income, net

83,438

6,884

Foreign exchange transaction (loss) gain

(151,611)

114,443

Other (expenses) income, net

(13,613)

41,357

Rental income from related parties, net

129,856

107,737

Total other income, net

48,070

270,421

Loss before income tax

(5,413,274)

(1,914,810)

Income tax benefit

(238,272)

(98,967)

Net loss

(5,175,002)

(1,815,843)

Less: net income attributable to non-controlling interest

Net loss attributable to Dogness (International)
Corporation

(5,175,002)

(1,815,843)

Other comprehensive loss

Foreign currency translation adjustments

2,276,621

(300,478)

Comprehensive loss

(2,898,381)

(2,116,321)

Less: comprehensive income attributable to non-
controlling interest

1

Comprehensive loss attributable to Dogness
(International) Corporation

$

(2,898,382)

$

(2,116,321)

Loss per share

Basic and diluted

$

(0.29)

$

(0.14)

Weighted Average Shares Outstanding

Basic and diluted

17,807,886

12,755,658

 

 

 

DOGNESS (INTERNATIONAL) CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(All amounts in USD)

(Unaudited)

For the Six Months Ended

December 31,

2025

2024

Cash flows from operating activities:

Net loss

$

(5,175,002)

$

(1,815,843)

Adjustments to reconcile loss income to net cash (used in)
provided by operating activities:

Depreciation and amortization

1,360,710

1,395,756

Share-based compensation

286,500

399,470

Change in inventory reserve

688,689

Loss from disposal of property, plant and equipment

176,347

Reversal of allowance for credit losses

(31,553)

(232,600)

Impairment of long-term investment

1,123,200

Deferred tax benefit

(238,652)

(108,490)

Amortization of right-of-use lease assets

488,760

585,466

Changes in operating assets and liabilities:

Accounts receivable-third parties

(3,983)

(824,001)

Accounts receivable-related party

2,910

272,429

Inventories

(208,212)

(121,257)

Due from a related party

(14,995)

(4,959)

Prepayments and other current assets

(30,691)

(61,720)

Advances to supplier-related party

51,537

Accounts payable

(15,678)

999,703

Accounts payable-related party

27,568

13,130

Accrued expenses and other current liabilities

(147,295)

24,691

Contract liabilities

70,460

(39,639)

Operating lease liabilities

214,082

200,827

Taxes payable

(11,568)

26,242

Net cash (used in) provided by operating activities

(1,614,750)

937,089

Cash flows from investing activities:

Purchase of property, plant and equipment

(4,386,993)

(1,050,711)

Proceeds from disposition of property, plant and
equipment

787

Net cash used in investing activities

(4,386,993)

(1,049,924)

Cash flows from financing activities:

Proceeds from short-term bank loans

702,000

696,500

Repayment of short-term bank loans

(702,000)

(696,500)

Repayment of long-term bank loans

(464,331)

(316,297)

Proceeds from (repayment of) related party loans

82,716

(451,201)

Net cash used in financing activities

(381,615)

(767,498)

Effect of exchange rate changes on cash and restricted
cash

185,352

(18,339)

Net decrease in cash and cash equivalents

(6,198,006)

(898,672)

Cash and cash equivalents, beginning of period

12,831,485

6,956,434

Cash and cash equivalents, end of period

$

6,633,479

$

6,057,762

SUPPLEMENTAL DISCLOSURES OF CASH FLOW
INFORMATION:

Cash paid for interest

$

71,272

$

115,430

Non-Cash Investing Activities

Liabilities incurred for purchase of property and
equipment

$

$

34,909

 

 

Free Tickets Open for 2026 Medtec

SHANGHAI, April 2, 2026 /PRNewswire/ — Free tickets for 2026 Medtec open on April 1, 2026. Visitors who complete registration before August 31 can enter free of charge. As Asia’s Leading Medical Device Supply Chain Expo — From R&D to Commercial Manufacturing, 2026 Medtec will be held from September 1–3, 2026, at the Shanghai New International Expo Centre (SNIEC), Pudong, Halls N1–N4. On-site registration during the exhibition will incur a 100 RMB admission fee per person.

2026 Medtec free ticket
2026 Medtec free ticket

https://visitorreg.medteccn.com/medtec-en/?utm_medium=pressrelease&utm_source=prnewswire&utm_campaign=register_open&utm_content=en Visit the official website now to claim your free ticket and stay ahead in the industry!

Free Tickets Now Open (April 1 – August 31, 2026)

Free tickets are open through August 31, 2026, offering visitors a more efficient way to plan their visit to 2026 Medtec.

Early Registration Benefits:

  • Free access (save up to 100 RMB per person)
  • Support for international group registration
  • Fast-track entry with no on-site queue
  • Flexible visit scheduling

2026 Medtec Overview

Marking its 20th edition, Medtec continues to serve as a comprehensive platform across the full medical device R&D and manufacturing chain, with an exhibition area of 47,000 square meters, 1,100 exhibitors, and an estimated 93,000 visits.

The exhibition provides integrated solutions across R&D, prototyping, manufacturing, certification, mass production, OEM services, and CRO and CDMO capabilities. Exhibits span a wide range of categories, including materials, core components, electronic parts, optical components, surface processing, precision machining, automation equipment, packaging, sterilization, testing, and consulting services.

The exhibition will be organized across four halls at SNIEC, spanning N1-N4.The four halls are structured around key segments of the medical device supply chain, from materials and core components to manufacturing services and equipment.

Halls N1–N2 focus on Medical Materials & Core Components.

Hall N1 Highlights:

  • Metal Materials and Their Components
  • Orthopedic and Dental Implant Processing Zone
  • Ceramics, Biomaterials, Glass, and Other Materials and Related Components
  • Ultra-precision Laser Processing, Machine Tools and Additive Manufacturing

Hall N2 Highlights:

  • Medical Rubber and Plastic Materials and Their Components
  • Bonding Agents, Bonding Products
  • IVD Reagents, Filtration, Intravenous Injection, and Laboratories
  • Pipe Fittings and Extrusion
  • Pharmaceutical Delivery Systems, Dressing Materials and Formulation Processing

Halls N3–N4 focus on Medical Manufacturing Service & Equipment.

Hall N3 Highlights:

  • Plastic Film Molding Services and Equipment
  • OEM/ODM Contract Manufacturing Services
  • Medical Automation, Drive Control, Robotics, Smart Factory
  • Pipe Fittings and Extrusion Equipment
  • Surface Treatment

Hall N4 Highlights:

  • Medical Packaging, Sterilization, Labeling, Cleanroom
  • R&D and Design, Software Services, and Consulting Services
  • Exhibition of Testing, Metrology, Inspection and Calibration Equipment and Supplies
  • Integrated Service Area

Visitor Composition

Medtec’s core visitor base includes medical device manufacturers, supply chain companies, and import-export enterprises. Attending representatives span senior executives, directors, engineers, managers, supervisors, and specialists. Their responsibilities cover management, R&D and technical centers, process and manufacturing engineering, quality, supply chain and procurement, as well as regulatory affairs.

It also attracts professionals from hospitals, clinics, and public health institutions, including hospital administrators, department directors and deputy directors, attending physicians, and other healthcare personnel. In addition, researchers and professors from research institutes and universities in medical device-related fields are expected to attend, alongside investors and analysts from the healthcare sector.

2026 Medtec will continue to attract participation from the industry’s top buyer companies.

Conclusion

As a key platform for leading companies to launch new products and showcase cutting-edge technologies, Medtec brings together a full spectrum of materials, components, manufacturing equipment, and supporting services. It supports one-stop sourcing while helping global companies connect with the China market.

Free tickets for 2026 Medtec open on April 1 and close on August 31, 2026 — register in advance to secure free admission.

Media Contact

Website: https://en.medtecchina.com/

Talia Li, talia.li@informa.com 

Booth Enquiry: LINC, +86 21 6157 7217, linc.cai@informa.com

Visitor and Media Enquiry: Tracy, +86 10 6562 3307, tracy.zhang@informa.com