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NYSE Content Advisory: Pre-Market Update + Wall Street Awaits Fed Minutes after latest Rate Cut

NEW YORK, Dec. 30, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

NYSE Content Advisory: Pre-Market Update + Traders Await Fed Minutes after its Third Straight Rate Cut

Kristen Scholer delivers the pre-market update on December 30th

  • Stocks are little changed Tuesday morning following back-to-back declines in the S&P 500. The year’s rally briefly paused amid profit-taking and volatility in precious metals, though the index remains on track for double-digit gains in 2025.
  • Wall Street awaits the release of minutes from the Fed’s latest meeting at 2 p.m. ET. The central bank cut rates for a third straight time in December and signaled one more cut in 2026. Odds are 84% the Fed holds rates steady at its January meeting.
  • Today marks the fourth day of the seven-session Santa Claus Rally, historically a bullish period. As of Monday’s close, the S&P is slightly lower over the first three days, but reaction to the Fed minutes could shift momentum.

Opening Bell
Girl Rising and She’s the First celebrate their merger, taking effect in 2026 under the Girl Rising Brand.

Closing Bell
Carnegie Investment Counsel celebrates their 50th anniversary

Click here to download the NYSE TV App

 

China’s Sleep Technology Pioneer Sleemon Draws Increasing Interest from the Global AI Community

SHAOXING, China, Dec. 30, 2025 /PRNewswire/ — A long-established household brand in China with a comparatively limited international profile, Sleemon Healthy Sleep Technology Co., Ltd. is gaining attention from the global technology community as it expands its focus on advanced sleep technology solutions.

Founded in 1984, Sleemon was the first mattress manufacturer in China to list publicly (SSE: 603008). While the company adopted its current corporate name in recent years, it has long been recognized in the domestic market for its leadership and sustained investment in sleep technology.

In 2024, Sleemon unveiled its AI-powered mattress series, aise, positioned to deliver integrated sleep management through a proprietary system. The collection has also received China’s highest L4 certification for smart mattresses.

A New Global Breakthrough in Sleep Technology—Emerging from China
A New Global Breakthrough in Sleep Technology—Emerging from China

In addition, Sleemon has partnered with BrainCo, a global leader in non-invasive brain-computer interface (BCI) technology, to launch aise • BrainCo, a consumer-facing AI mattress incorporating BCI capabilities. By integrating electroencephalogram (EEG) monitoring technology into the mattress design, the product enables real-time detection of sleep states and provides early health-risk alerts, highlighting Sleemon’s expansion into adjacent technology domains, including neuroscience and biosensing.

Sleemon has established China’s first public-interest sleep research institute, developed dedicated research workstations in collaboration with several academicians, and jointly founded R&D centers with leading institutions, including Tsinghua University and the Shanghai Institute for Advanced Study of Zhejiang University. These initiatives are aimed at accelerating the transition from academic research to commercial application, fostering a continuous cycle of innovation across the company.

Sleemon is now setting its sights on an even broader frontier: healthcare. Looking ahead, its platform is expected to expand beyond sleep guidance to include the management of chronic conditions such as cardiovascular and respiratory diseases. By incorporating drug development and digital therapeutics into its platform, the company aims to support longer, healthier lifespans and improve overall quality of life. This strategic approach positions Sleemon to extend beyond the traditional bedding category and into competition with established health-monitoring and medical-technology providers, while placing the company within the evolving global landscape for health-data platforms.

From smartphones serving as hubs of the mobile internet to the automotive industry’s shift toward autonomous driving, waves of intelligent devices have been reshaping multiple industries. Against this backdrop, smart mattresses—closely linked to sleep and human health—are increasingly viewed as a potential next wave of connected, health-focused intelligent systems.

This year, several AI companies have visited China for in-depth discussions with Sleemon, laying the groundwork for potential strategic partnerships. As one of the world’s largest home-furnishing markets, China is witnessing significant advances in sleep technology by domestic players—developments that merit close attention from U.S.-based technology and consumer-electronics companies and may prompt a reassessment of competitive strategies in the sleep-technology sector.

 

FPT Exports Its First Commercial Chip Shipment to the Japanese Market

HANOI, Vietnam, Dec. 30, 2025 /PRNewswire/ — FPT Corporation (hereafter “FPT”) officially delivered its first commercial shipment of power chips (Power ICs) to a leading Japanese electronics corporation, through the distribution of Restar Corporation (hereafter “Restar”) – a Japanese trading company for semiconductors and electronic components. 

It is also the first time a Vietnamese company has successfully introduced commercial semiconductor chips into the Japanese market, one of the world’s most demanding markets in terms of quality and reliability. 

The milestone comes at a strategic time: the global power chip market is set to hit $59 billion by 2030, including a $3 billion opportunity in Japan. This growth is fueled by robust demand across the consumer electronics, industrial, automotive, and high-tech landscapes.


The power chips recently exported to Japan are specifically designed for high-performance multi-function printers (MFPs) used in office and enterprise environments. Designed by FPT, these chips manage and stabilize internal power supply, protect components from voltage and current fluctuations, and ensure reliable operation under high-load conditions. Furthermore, FPT is now developing a comprehensive power IC ecosystem, encompassing multiple product lines such as PMICs, LDOs, BUCK converters, LED drivers, and Power MOSFETs.

Through months of rigorous optimization, FPT engineers ensured their ‘Make in Vietnam‘ power chips met the highest international standards. The chips successfully passed comprehensive evaluations – including electrical characterization, JEDEC reliability, and real-device validation—while satisfying Japan’s stringent industrial-grade safety requirements.

This milestone sets the stage for Restar to distribute 10 million FPT-designed chips throughout the Asia-Pacific by 2027. Following this initial delivery, both companies will ramp up volumes and collaborate on R&D. Future efforts will focus on next-generation power chips and integrated circuits specifically engineered for Japan’s imaging and industrial sectors.

Mr. Tran Dang Hoa, Chairman of FPT Semiconductor, FPT Corporation stated: “Semiconductors stand as a core strategic pillar at FPT. Our vision is to lead Vietnam’s ascent in the global tech wave, establishing the nation as a critical link in the international value chain.This inaugural shipment to Japan not only affirms Vietnam’s mastery of core technology but also signals its emergence as a vital hub in the global high-tech supply chain”. 

Recent supply chain disruptions, notably involving Nexperia, have intensified the global search for reliable alternatives. FPT is answering this demand by introducing a suite of discrete power devices—including ESD and Zener diodes—positioned as a strategic second source for the Japanese, Korean, and Taiwanese markets.

AMTD IDEA Group Achieved 150% Increase in Revenue for First Half in 2025

  • AMTD IDEA Group Achieved ~150% Increase in Revenue
  • Total Net Income Surged 63.7% to US$68.8 million
  • Hospitality arm’s revenue increased by over 60%
  • Total Assets amounted to US$2.193 billion (US$3.82/share)
  • Net asset value amounted to US$1,799 million (US$3.13/share) 

PARIS and NEW YORK and SINGAPORE, Dec. 30, 2025 /PRNewswire/ — AMTD IDEA Group (“AMTD IDEA” or the “Company”, NYSE: AMTD; SGX: HKB), a NYSE and SGX-ST dual listed company and also a group holding platform for (i) digital solutions and business services, (ii) media, entertainment and cultural areas of businesses, and (iii) global property assets, hospitality and VIP services announced today its unaudited financial results for the six months ended June 30, 2025.

Highlights of Half Year Financial Results

  • The Company, through its subsidiary, The Generation Essentials Group (“TGE”, NYSE: TGE; LSE: TGE), owns the AMTD L’Officiel’s intellectual properties (“IP”) globally and maintains its operations through direct owner’s model and franchisee network in over 30 countries and regions. In the six months ended June 30, 2025, the Company started its first IP extended businesses sub-vertically to commence L’Officiel Coffee. Featuring carefully curated specialty coffees, beautifully crafted sweets including L’Officiel mousse cakes, L’Officiel magazine cakes, and a stylish space at Omotesando, Japan. L’Officiel Coffee’s popularity has grown rapidly, establishing it as a vibrant social and cultural hotspot beloved by influencers, local communities, and visitors alike. TGE has announced plans to roll out L’Officiel Coffee globally and target to open 15-20 L’Officiel Coffee shops worldwide over next three years.
  • Hotel operations, hospitality and VIP services income rose from US$7.9 million in the comparable period to US$12.7 million for the six months ended June 30, 2025, representing a 60.3% growth.
  • The Company recorded dividends, realized gains on disposed financial assets and unrealized fair value gain on financial assets at fair value through profit or loss for the six months ended June 30, 2025, totaling US$64.8 million.

Statement from the Board Members and Senior Management:

Mr. Xavier Zee, CFO of the Company and CEO of TGE Value Creative Solutions Corp (a subsidiary of the Company) specializing in SPAC sponsor manager services, “We are proud to deliver another half year of strong performance, reflecting our resilience and unwavering commitment to sustainable growth and long-term growth. Our impressive results demonstrate that our strategic vision and collaborative efforts across our diversified portfolio of businesses in media, entertainment, and hospitality sectors are driving meaningful outcome. With the successful listing of our first sponsored SPAC (TGE Value Creative Solutions Corp) in December 2025, we are confident of future value creation for our stakeholders through a continual diversification of our business portfolio”.

Financial Results for the Six Months Ended June 30, 2025

Revenue

The Company’s revenue for the six months ended increased from US$ 36 million in the first half in 2024 to US$89.0 million in the first half in 2025. The increment was primarily attributable to: –

  • Hotel operations, hospitality and VIP services income rose from US$7.9 million to US$12.7 million, representing a 60.3% growth.
  • Dividend and gain related to disposed financial assets at fair value through profit or loss changed from US$8.7 million, to US$8.6 million.

  • Net fair value changes on financial assets at fair value through profit or loss rose from US$7.2 million to US$56.2 million. The increase was mainly attributable to the unrealized gain on the Company’s investment portfolio in the first half in 2025.

Other Income And Gains

Other income decreased from US$37.5 million for the comparable period in 2024 to US$15.7 million for the current period, mainly due to the disposal of the entire equity interests in certain of the Company’s subsidiaries engaging in non-core business during 2024.

Other Operating Expenses

Other operating expenses for the six months ended June 30, 2025 increased by 22.4% as compared to the same period in prior year to US$20.6 million, primarily attributable to an increase in the Company’s hotels’ depreciation charges and other operating costs recognized from the Company’s hotels in line with the increase in revenue generated from the Company’s hotel operation, as well as the capital expenditures required to launch the Company’s L’Officiel Coffee in Japan.

Staff Costs

Staff costs for the six months ended June 30, 2025 remained relatively flat as compared to the same period in prior year at US$6.6 million.

Finance Costs

Finance costs for the six months ended June 30, 2025 increased slightly compared to the same period in prior year to US$7.1 million. The Company is committed towards continuous efforts in enhancing the Company’s asset liability management strategies.

Income Tax Expense

Income tax expense for the six months ended June 30, 2025 remained steady compared to the comparable period in 2024 at US$1.5 million.

Profit For The Period

The Company recorded a profit of US$68.8 million in the six months ended June 30, 2025, a growth of 63.7% as compared to the comparable period in 2024, mainly resulting from the additional contribution recognized from the Company’s hospitality businesses and the gain on its investment portfolio.

Subsequent events

TGE has successfully executed the sale and purchase agreement for the acquisition of 100% interests in the Hilton Garden Inn New York City Tribeca with the payment of an irrevocable deposit in December 2025, and the goal of closing the acquisition of this hotel within the next two months. Closing of the acquisition is subject to customary closing conditions.

TGE has successfully entered into a sale and purchase agreement to purchase an 80% stake in the Upper View Regalia Hotel in Kuala Lumpur, Malaysia. The aggregate consideration of the transaction is HK$300 million (equivalent to approximately US$38.6 million). Closing of the acquisition is subject to customary closing conditions.

TGE has successfully entered into a sale and purchase agreement with FEC Holdings and FEC Hotel (the “Vendors”), whereby the Vendors have agreed conditionally to sell, and the Purchaser has agreed conditionally to purchase a 50% stake in the Ritz Carlton Hotel in Perth Australia with a total value at A$280 million. Closing of the acquisition is subject to customary closing conditions.

TGE Value Creative Solutions Corp, a special purpose acquisition company (SPAC) sponsored by TGE, successfully completed its successful initial public offering of 15,000,000 units at $10.00 per unit in December 2025. The offering resulted in gross proceeds to the Company of US$150,000,000.

TGE successfully completed the secondary listing on the London Stock Exchange in December 2025. TGE’s entire issued Class A ordinary shares are traded on both NYSE and London Stock Exchange’s main market.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients’ diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as “Twitter”) at @AMTDGroup.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to 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,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

AMTD IDEA GROUP
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2025

Six months ended June 30,

2024

2025

US$’000

US$’000

(audited)

(unaudited)

REVENUE

Digital solutions and other services income

1,722

1,607

Fashion, arts and luxury media advertising and marketing services income

10,446

9,976

Hotel operations, hospitality and VIP services income.

7,905

12,668

Dividends and gains from disposed financial assets

at fair value through profit or loss

8,660

8,612

Net fair value changes on financial assets at fair value through profit or loss

(except derivative financial assets and gains from disposed financial assets at fair value through profit or loss)

7,220

56,176

35,953

89,039

Other income and gains

37,454

15,664

Other operating expenses

(16,867)

(20,641)

Staff costs

(6,400)

(6,640)

Finance costs

(6,240)

(7,054)

PROFIT BEFORE TAX

43,900

70,368

Income tax expense

(1,868)

(1,544)

PROFIT FOR THE PERIOD

42,032

68,824

Attributable to:

Owners of the company

Ordinary shareholders

40,523

43,206

Holders of perpetual securities

2,141

2,157

Non-controlling interests

(632)

23,461

42,032

68,824

EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY 

EQUITY HOLDERS OF THE COMPANY

Class A ordinary shares:

Basic (US cents per share)

10.22

8.25

Diluted (US cents per share)

10.22

8.25

Class B ordinary shares:

Basic (US cents per share)

10.22

8.25

Diluted (US cents per share)

10.22

8.25

AMTD IDEA GROUP
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS AT DECEMBER 31, 2024 AND JUNE 30, 2025

December 31, 2024

June 30, 2025

US$’000

US$’000

(audited)

(unaudited)

ASSETS

Current assets

Accounts receivable

7,029

6,379

Prepayments, deposits and other receivables

23,346

31,969

Due from immediate holding company

1,400,612

1,425,213

Financial assets at fair value through profit or loss

24,987

80,467

Other assets

609

Cash and bank balances

62,872

52,818

Total current assets

1,519,455

1,596,846

Non-current assets

Property, plant and equipment

291,449

340,195

Intangible assets

119,381

118,087

Financial assets at fair value through profit or loss

139,633

138,125

Total non-current assets

550,463

596,407

Total assets

2,069,918

2,193,253

LIABILITIES AND EQUITY

Current liabilities

Accounts payable

3,640

5,190

Bank borrowings

63,539

101,642

Due to a non-controlling shareholder

63,019

64,255

Other payables and accruals

10,396

21,709

Tax payable

2,539

3,074

Total current liabilities

143,133

195,870

Non-current liabilities

Bank borrowings

219,434

191,176

Deferred tax liabilities

5,658

5,597

Provisions

1,664

2,079

Total non-current liabilities

226,756

198,852

Total liabilities

369,889

394,722

AMTD IDEA GROUP
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(CONTINUED)
AS AT DECEMBER 31, 2024 AND JUNE 30, 2025

December 31, 2024

June 30, 2025

US$’000

US$’000

(audited)

(unaudited)

Equity

Share capital

48

76

Treasury shares

(734,658)

(728,932)

Reserves

2,092,270

2,115,664

Total equity attributable to ordinary shareholders of the Company

1,357,660

1,386,808

Non-controlling interests

108,124

180,436

Perpetual securities

234,245

231,277

Total equity

1,700,029

1,798,531

Total liabilities and equity

2,069,918

2,193,253

For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com

Kastar Brings Standard-Driven High-tack MS Polymer Sealants to Global Green Construction Markets

FOSHAN, China, Dec. 30, 2025 /PRNewswire/ — Kastar, a Chinese high-tech sealant manufacturer and contributor to the country’s silane-modified polymer (MS Polymer) sealant standards, has introduced high-tack MS Polymer sealants to address tightening environmental and performance requirements in global construction markets.

Kastar’s High-tack MS polymer sealant applied at a washbasin and wall joint, commonly used for bathroom sealing and interior construction applications.
Kastar’s High-tack MS polymer sealant applied at a washbasin and wall joint, commonly used for bathroom sealing and interior construction applications.

These days, low-emission materials and real staying power aren’t nice-to-haves anymore—they’re must-haves. Sealants are under the microscope more than ever when it comes to worker safety and how well they hold up over decades. In places like the U.S., UK, Australia and New Zealand, contractors and specifiers are ditching old-school solvent-based or polyurethane sealants for cleaner options that still deliver serious bonding strength without the health or compliance headaches.

The high-tack MS Polymer sealant is formulated without solvents or isocyanates and cures through moisture, combining early holding strength with long-term elastic performance. It bonds effectively with a broad range of commonly used construction substrates: concrete, metals, brickwork, even tricky coated surfaces. That makes it handy for new construction or fixing up older buildings.

From Standards Development to On-Site Performance

Kastar didn’t just read the standards, but helped write them. Sitting at the table for several of China’s national MS polymer sealant standards gave the team an inside look at exactly where products usually fail the tests and fall apart on site.

That firsthand standards experience shapes everything they do in the lab. Instead of chasing one standout spec, they build high-tack MS Polymer sealants that simply work reliably—no matter the weather, the surface, or the job site conditions.

“Being involved in standards work gives us a clearer view of where sealant failures tend to occur in real-world use,” said Tom Zhou, Chief Engineer at Kastar. “That experience allows us to focus product development on stability, compatibility, and long-term reliability, not just short-term adhesion.”

Addressing Real Construction Trade-Offs

On real job sites, sealants are rarely judged on one factor alone. Contractors need products that grab quickly, apply smoothly, and still hold up years down the line. Push too hard for speed, and long-term durability can suffer. Focus only on longevity, and installation efficiency often takes a hit.

Kastar’s high-tack MS Polymer sealant is designed with this balance in mind. It offers strong early adhesion to keep work moving, while maintaining the flexibility needed to handle joint movement and day-to-day exposure once cured. This helps contractors stay on schedule without having to compromise on performance later.

Once cured, the sealant can be painted over using many commonly used architectural coatings, making it easier to integrate into finished surfaces—particularly in interior spaces and renovation work where appearance and efficiency matter.

Quality Control Backed by Scale and Testing

Getting the same performance batch after batch is everything in this business, especially when product is shipping halfway around the world. Kastar runs a 50,000 m2 modern plant with its own CMA-certified lab that puts every run through rigorous checks. They keep samples from each batch on file and test across more than 100 parameters, supporting consistent product quality across production batches.

Kastar doesn’t rest on yesterday’s formula either. Three in-house R&D labs focus specifically on silicone sealants, MS polymer materials, and specialty functional sealants. It also works closely with Tsinghua University to tweak recipes and develop versions that handle everything from freezing winters to scorching summers.

Positioning for Global Markets

Backed by 27 years of experience specializing in construction adhesive sealants and strict quality control systems, Kastar supplies products across North America, Europe, Oceania, the Middle East, and Southeast Asia. The company offers OEM and ODM services, allowing partners to customize formulation characteristics, packaging, and branding to align with local regulations and market expectations.

As construction standards continue to evolve across regions, Kastar sees its MS polymer sealant portfolio as a practical response to growing demands for environmental compliance, performance reliability, and dependable supply.

About Kastar

Founded in 1997 and headquartered in Foshan, China, Kastar is a core brand of Kater Adhesive Industrial Co., Ltd., a national high-tech manufacturer specializing in construction sealants and adhesives, with a focus on MS polymer technologies. The brand offers a broad portfolio of solutions, including hybrid MS sealants, polyether sealants, silicone sealants, fireproof sealants, and nail-free sealants, serving both standard and customized construction applications.

As a contributor to industry standards and an experienced global exporter, Kater Adhesive Industrial Co., Ltd., through its Kastar brand, is committed to delivering environmentally responsible, performance-driven sealing solutions for safer and more reliable building projects worldwide.

Media Contact:
Email:sales@kastarsealant.com 
Website:https://www.kastargrout.com/ 

Nota AI to Supply AI Optimization Technology for Samsung Electronics’ Next-Generation Mobile AP ‘Exynos 2600’… Solidifying Its Position as a Leader in On-Device AI

  • Secured consecutive contracts from Exynos 2500 to the next-generation Exynos 2600, proving the superior optimization capabilities
  • Advancing the next-generation version of ‘Exynos AI Studio’ and strengthening support for the latest Generative AI models

SEOUL, South Korea, Dec. 30, 2025 /PRNewswire/ — Nota AI (CEO Myungsu Chae), a company specializing in AI model compression and optimization, announced that it has signed an agreement to supply its proprietary AI model optimization platform for Samsung Electronics’ next-generation mobile Application Processor (AP), the Exynos 2600.

Nota AI to Supply AI Optimization Technology for Samsung Electronics' Next-Generation Mobile AP 'Exynos 2600'… Solidifying Its Position as a Leader in On-Device AI
Nota AI to Supply AI Optimization Technology for Samsung Electronics’ Next-Generation Mobile AP ‘Exynos 2600’… Solidifying Its Position as a Leader in On-Device AI

This agreement marks a significant consecutive win following the previous contract for the Exynos 2500, serving as a testament to the industry-leading technical prowess of Nota AI’s platform. Nota AI offers the NetsPresso® platform, which enables the efficient optimization and deployment of AI models across diverse hardware environments by reducing model sizes by over 90% while maintaining high accuracy.

Through this collaboration, Nota AI will participate in the development of the next-generation version of Exynos AI Studio, Samsung’s AI model optimization toolchain. Specifically, Nota AI aims to support large-scale Generative AI models to run seamlessly on the Exynos 2600 while maintaining precision. The company also plans to drastically improve the implementation process for developers by automating optimization pipelines for the latest AI models. This will enable users to enjoy a faster and more powerful on-device Generative AI experience directly on their devices without the need for a cloud connection.

“This ongoing collaboration, which has continued since the Exynos 2400, proves that Nota AI’s technology creates tangible value when combined with Samsung’s hardware,” said Myungsu Chae, CEO of Nota AI. “We are committed to establishing our technology as an indispensable pillar of the on-device AI era through continuous cooperation with global partners and proactive commercialization.”

Leveraging a decade of unparalleled expertise in AI model lightweighting and optimization, Nota AI provides specialized on-device AI solutions across a wide range of sectors, including mobile, robotics, home appliances, autonomous driving, healthcare, education, and smart cities. In particular, the increasing number of cases where Nota AI’s technology is integrated into the products of global manufacturers—leading directly to revenue growth and successful commercialization—serves to validate not only the company’s technical excellence but also its formidable business competitiveness in the global market.

Evolving cities make all dwellers feel involved

BEIJING, Dec. 30, 2025 /PRNewswire/ — A news report from China.org.cn on the evolving cities:

Evolving cities make all dwellers feel involved

https://www.youtube.com/watch?v=-HEj0tEmsag

What is a city?

Who builds a city, and for whom is it developed?

Can a city evolve?

Case Source: The Ministry of Housing and Urban-Rural Development

Urban renewal includes renovation of existing buildings

Guilin City, Guangxi Zhuang Autonomous Region•Sugar Factory Turned into Resort Hotel

A “retired” state-owned sugar factory, by keeping what can be preserved and using what can be used, has undergone a remarkable transformation from an industrial relic into a modern hotel. The restoration has revitalized the old building while maintaining its original character.

Shenzhen City, Guangdong Province•Office Building Turned into Children Entertainment Hub

As the exterior of the building has been rejuvenated, internal operations must also keep pace — this includes reforming management mechanisms and innovating business models. The renewal of urban architecture is inspiring residents to envision a promising future.

upgrading of old residential communities

Jiangbei District, Chongqing Municipality•Old Residential Community Turned into Livable Region

Xuhui District, Shanghai Municipality•Old Residential Community Turned into Livable Region

Neighborhoods serve as both homes for citizens and the “cells” of the city. Clean and tidy hallways, the elimination of electrical hazards — these seemingly minor changes contribute significantly to residents’ overall happiness.

development of communities with sound service facilities

Changning District, Shanghai Municipality•Jiangsulu Community

Ningbo City, Zhejiang Province•Mingzhu Community

From summer evening gatherings to community meetings in alleys, and from story shops to rooftop farms, the multifunctional community is a pleasant environment suitable for the elderly, children, and young people alike.

revitalization of old districts

Guiyang City, Guizhou Province•Taipinglu Block

The city’s mother river, long obscured, has left a sense of loss among residents. Now resurfacing, the banks still feature old walls, streets, and alleys, yet they intersect with elements of traditional culture, anime, and punk, creating a harmonious urban symphony of old and new.

Weihai City, Shandong Province•Torch Eighth Street

Relying on natural forms, ecological beauty, and architectural uniqueness, the revamped Torch Eighth Street has gained widespread popularity online. The key to its sustained vitality lies in sophisticated operations and new business models, transforming fleeting internet fame into lasting appeal.

enhancement of urban functions

Chengdu City, Sichuan Province•Utilization of “Leftover Space”

In every space, there is the potential for stopping by; where stopping by is possible, interaction can occur; and in places with interaction, benefits can be generated. The so-called “leftover space” in cities is, in fact, a genuine untapped gold mine for urban functionality utilization.

Jinan City, Shandong Province• Smart Parking Project at Shuntai Plaza

Parking difficulties represents a significant challenge to urban functionality. At Shuntai Plaza in Jinan, a vertical complex that integrates parking, sports, and commerce has been constructed to maximize the utility of limited land.

improvement of urban infrastructure

Yuzhong District, Chongqing Municipality•The Underground Ring Road around the Monument to the People’s Liberation

Shanghai Municipality•Inner Ring Elevated Road Facilities

Shantou City, Guangdong Province•Pressure-Boosting Renovation of Downtown Water Supply System

Infrastructure sustains the functioning of urban life. Upgrades, whether a large project like a bridge or road, or smaller improvements such as a water pipe or pump, inject vitality and assurance into city living.

urban ecological restoration

Jinan City, Shandong Province•Restoration of Urban Ecological Landscape

After construction waste hills were turned into a green network, the landscape is revealed, restoring nature for public enjoyment and sharing the city’s scenic beauty.

Hangzhou City, Zhejiang Province•Renovation of Riverside Park

When spring approaches, head to the riverside for a romantic cherry blossom run!

Guangzhou City, Guangdong Province•Haizhu Wetland

In small watersheds, diverse habitats thrive. This area is a paradise for birds, fish, and insects, serving as the city’s green ecological living room.

preservation of historical and cultural heritage

Xicheng District, Beijing Municipality•Guanyinsi Block along Dashilan Street

The contemporary courtyard is large but not cluttered, with various functions coexisting within it. It aims to restore traditional aesthetics and optimize spatial quality as well as to address facility shortcomings and enhance safety resilience.

Nanjing City, Jiangsu Province•Historical and Cultural Block along Yihe Road

History serves as the “path traveled” for a city. By renewing through preservation, weaving culture into its fabric, centering on industry, and using space as a medium, cities are poised to advance into the future with historical depth.

Develop cities of the people, for the people, and by the people.

What does a people-oriented city look like, and how is it built?

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Shanghai Electric Rises to Top 5 in Global Desalination Rankings

The dual “thermal + membrane” technology leads green water treatment solutions, sets global benchmark for project implementation

SHANGHAI, Dec. 30, 2025 /PRNewswire/ — Shanghai Electric (SEHK: 2727, SSE: 601727) now ranks 5th globally for the capacity of newly built seawater desalination projects from 2024 to 2025, a jump of four places from the previous ranking, according to the recently released statistics by the International Desalination and Reuse Association (IDRA) and Global Water Intelligence (GWI).

In terms of cumulative project capacity over the past 10 years (2016-2025), Shanghai Electric ranks 8th globally, up three places from the previous ranking. IDRA is a global non-profit organization that has connected the desalination and water reuse community since 1973, and GWI is the leading market intelligence provider for the global water sector over the last 20 years.

A Shanghai Electric spokesperson attributed the improved ranking to strong international endorsement of Shanghai Electric’s desalination expertise and project execution, highlighting that this achievement is built on more than 10 years of dedicated development in both thermal and membrane-based technologies. In the future, Shanghai Electric remains committed to delivering environmentally friendly, high-performance, and cost-effective desalination solutions to address global water scarcity challenges.

Shanghai Electric stands as one of the few global enterprises to have mastered the two major core desalination technologies: thermal-based multi-effect distillation (MED) and membrane-based reverse osmosis (RO), providing complete dual-technology solutions. Its seawater desalination expertise now extends beyond standalone water supply and enables diversified industrial applications.

By innovatively integrating waste heat recovery and resource utilization, the company delivers comprehensive, energy-efficient, and high-yield desalination solutions. The tailored systems ensure a stable supply of high-quality freshwater for critical coastal industries such as power generation, steel, and chemical manufacturing.

Over the years, Shanghai Electric has been recognized globally for technical reliability, project execution capability, and international brand presence. The significant rise in ranking is supported by the group’s comprehensive technological solutions across the entire desalination spectrum and its proven track record in successfully delivering major projects both domestically and overseas:

  • The Hengyi PMB petrochemical project in Brunei is a benchmark project with a capacity of 3×12,500 tons per day, and it adopts the world’s first combined low-temperature multi-effect distillation (LT-MED) and hot water flash evaporation technology and possesses fully independent intellectual property rights.
  • The Waste-Heat Desalination Project of Zhejiang Petroleum & Chemical Co., Ltd. as the largest thermal desalination EPC project undertaken by Shanghai Electric in China has a combined capacity of 305,000 tons per day across its first and second phases, utilizing forward multi-effect distillation (F-MED) technology powered by industrial waste heat.
  • The Yulong Petrochemical Thermal-Membrane Hybrid Desalination Project in Yantai, with a capacity of 160,000 tons per day, employs a novel F-MED-RO hybrid technology that integrates thermal and membrane processes. By leveraging a “cascaded use” approach to recover and utilize low-temperature industrial waste heat, it achieves green, low-carbon, and resource-efficient water production. It stands as the world’s largest thermal-membrane hybrid seawater desalination project.

Looking ahead, Shanghai Electric will continue to leverage its comprehensive technological portfolio and extensive global project experience to provide greener, more economical, and more reliable sustainable water solutions for clients worldwide. The group remains dedicated to addressing the global challenge of water scarcity, consistently contributing the “Chinese wisdom” and the “Shanghai Electric solution.”

For more information, please visit https://www.shanghai-electric.com/group_en/.