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Zhang Damo, Honored with MACA Award, Gains International Authority Recognition for Artistic Achievements

GUANGZHOU, China, Dec. 29, 2025 /PRNewswire/ — Recently, the 2025 Most Achieved Chinese Award (MACA) ceremony was held in Hong Kong, drawing global attention to Chinese elites who have made extraordinary contributions to human progress. At the event, Zhang Damo, a renowned artist and Co-President of the Future Living Art Institute at One Heung Kong, was honored with the MACA award, becoming the first painter to receive this globally prestigious honor since its establishment. This marks the highest-level cross-cultural endorsement of the personal accomplishments and international influence of a Chinese ink painting artist.

Ivo Josipović, Former President of Croatia, Visits Zhang Damo Art Gallery
Ivo Josipović, Former President of Croatia, Visits Zhang Damo Art Gallery

The MACA award is known for its strict selection process and benchmarking significance, with the core tenet “Recording Cultures, Transmitting Values”. Its past winners include legends such as Yuan Longping, I. M. Pei, and Yang Liwei, who have advanced national and global civilization. Zhang Damo’s selection was no accident. He has pushed the boundaries of traditional Chinese painting with his “combined meticulous and freehand” technique, infusing his works with profound Eastern philosophy and the spirit of the times. Additionally, as a long-serving “cultural ambassador”, he has spent decades spreading Chinese ink painting art across the globe and fostering cultural exchanges.

In his acceptance speech, Zhang Damo emphasized that this honor belongs to all peers quietly inheriting and innovating Chinese culture. Yet the industry recognizes that it is, in essence, a concentrated recognition of his personal artistic system and cultural values. As Chief Artist of the United Nations Peace Boat, Zhang Damo has traveled across European and Asian countries since the 1990s. Through exhibitions and dialogues, he has allowed the Western world to directly experience the contemporary vitality and peaceful philosophy of Chinese culture through the misty allure of ink painting, making him an outstanding representative of the Belt and Road Initiative’s culture-first approach.

This award is seen as a major industry indicator, showing that the pinnacle of traditional Chinese painting and calligraphy, along with its contemporary development, is now recognized and highly regarded by the world’s top comprehensive evaluation systems. With his outstanding artistic language and international dissemination practices, Zhang Damo has successfully built a bridge, elevating Chinese ink painting from a national art treasure to a cultural asset recognized by international authorities as part of the world’s cultural heritage.

USAS Building System Advances Toward Hong Kong Listing: A Top-Three Industrial Prefabricated Steel Structure Solution Provider, with an Emerging Overseas Growth Curve

HONG KONG, Dec. 29, 2025 /PRNewswire/ — With manufacturing investment gradually recovering and the pace of industrial project construction continuing to advance, industrial buildings are accelerating toward standardised and prefabricated development. Against this backdrop, the application of industrial prefabricated steel structure buildings in manufacturing plants and large-scale industrial projects has continued to expand. As the listing process enters its final stage, USAS Building System (Shanghai) Co., Ltd. (the “Company” or “USAS”) is set to be listed on the Hong Kong Stock Exchange on 30 December, and the industrial prefabricated steel structure sub-sector in which it operates is coming into the capital market’s view.

Industrial prefabricated steel structure buildings are a typical sub-sector of industrial construction. Demand is mainly derived from manufacturing plants and industrial projects, where higher requirements are placed on construction efficiency and delivery capability. Compared with residential and commercial buildings, industrial buildings place greater emphasis on construction efficiency, structural stability and compatibility with production systems. Continued capacity expansion across manufacturing sectors such as automotive, pharmaceuticals, food and beverage, machinery and electronics, and logistics has strengthened the industrial nature of prefabricated steel structure buildings in industrial projects.

In response to such demand, USAS has formed a relatively clear business positioning. The prospectus shows that the Company is not a single steel structure fabricator, but rather an integrated prefabricated steel structure building solution provider focused on the industrial sector, providing full-process subcontracting services for industrial plants and manufacturing projects, covering design optimisation, procurement, manufacturing and on-site installation. According to the Frost & Sullivan Report, by revenue in 2024, USAS ranked third in China’s industrial prefabricated steel structure building market. Against the backdrop of an overall fragmented industry, USAS has established a relatively clear industry position.

From an operating perspective, the Company has established a stable business foundation. The prospectus discloses that from 2022 to 2024, USAS recorded revenue of approximately RMB1.903 billion, RMB1.453 billion and RMB1.523 billion, respectively, maintaining an overall scale at the level of over RMB1 billion. Among these, prefabricated steel structure building subcontracting services are the core source of revenue. In 2024, revenue from this business was approximately RMB1.241 billion, accounting for 81.5% of total revenue, reflecting the Company’s high degree of focus on its industrial prefabricated steel structure core business.

In terms of profitability structure, the Company presents typical characteristics of an industrial project-based model. From 2022 to 2024, the Company’s overall gross profit margin was 12.7%, 14.8% and 12.5%, respectively, while the gross profit margin of the core subcontracting business remained in the range of 13%–15% over the long term. In 2025, as certain large-scale industrial projects progressed in a concentrated manner, the Company achieved revenue of approximately RMB1.424 billion in the first half of the year, reflecting the impact of project execution cycles on the release of interim performance.

From a medium- to long-term industry perspective, the penetration rate of prefabricated steel structures in China’s industrial building sector remains at a relatively low level. Manufacturing investment upgrades, demand for compressed construction timelines and the continued advancement of green building policies provide a practical demand foundation for the industry. At the same time, emerging manufacturing bases such as Southeast Asia are accelerating the undertaking of global capacity relocation, which also brings new sources of projects for enterprises with cross-regional delivery capabilities.

Against this backdrop, USAS’s overseas business footprint has gradually become more evident. The prospectus discloses that revenue from the Company’s industrial environmental equipment business is mainly derived from overseas markets. Revenue from this segment increased from approximately RMB31.82 million in 2022 to approximately RMB100 million in 2024, while its gross profit margin increased to 18.9% over the same period. This business has covered multiple overseas markets and has obtained certifications in China, the United States, Europe and Canada, providing conditions and support for cross-regional project execution.

Following its listing on the Hong Kong Stock Exchange, USAS is expected to leverage the capital market platform to further consolidate its industry position in the industrial prefabricated steel structure segment. With its established industrial customer base, stable project delivery capabilities and a gradually expanding overseas business footprint, the Company has a practical foundation to continue advancing in undertaking industrial projects, optimising its business structure and enhancing scalable operational capabilities.

iHuman Inc. Announces Third Quarter 2025 Unaudited Financial Results

BEIJING, Dec. 29, 2025 /PRNewswire/ — iHuman Inc. (NYSE: IH) (“iHuman” or the “Company”), a leading provider of tech-powered, intellectual development products in China, today announced its unaudited financial results for the third quarter ended September 30, 2025.

Third Quarter 2025 Highlights

  • Revenues were RMB205.8 million (US$28.9 million), compared with RMB239.4 million in the same period last year.
  • Gross profit was RMB140.6 million (US$19.8 million), compared with RMB163.9 million in the same period last year.
  • Operating income was RMB16.7 million (US$2.3 million), compared with RMB20.7 million in the same period last year.
  • Net income was RMB21.6 million (US$3.0 million), compared with RMB25.1 million in the same period last year.
  • Average total MAUs[1] for the third quarter were 26.13 million, compared with 29.12 million in the same period last year.

 

[1] “Average total MAUs” refers to the monthly average of the sum of the MAUs of each of the Company’s apps during a specific period, which is counted based on the number of unique mobile devices through which such app is accessed at least once in a given month, and duplicate access to different apps is not eliminated from the total MAUs calculation.

Dr. Peng Dai, Director and Chief Executive Officer of iHuman, commented, “Despite a complex market environment, we made steady progress this quarter in executing our strategy centered on product innovation and long-term value creation. Over the past few decades, iHuman has earned the trust of millions of families by guiding their children through critical early learning milestones, from recognizing their first Chinese characters to reading their first stories. Building on these strong family connections and our proven leadership in early childhood development, we are now strategically expanding several of our core offerings to serve older age cohorts by leveraging our rich content and technological expertise to address more advanced learning needs. This strategic initiative will deepen our user engagement, broaden our total addressable market, and reinforce the foundation for sustainable, long-term growth.

Our ongoing commitment to innovation continued to yield significant advancements across our portfolio. In iHuman English, we optimized both interface design and content to deliver a more seamless and inspiring learning journey for young learners. The main world map was redesigned for enhanced clarity and a more intuitive navigation, further improving the learning flow. We also added a curated selection of BBC Studios-licensed kids content, bringing dynamic storytelling, authentic language input, and high-quality visuals that enrich the program and create a compelling learning experience. Combined with interactive tasks and fun speaking prompts thoughtfully designed under our proprietary progressive learning framework, these improvements create a more seamless pathway that encourages deeper engagement and helps children steadily build their English skills and confidence through joyful exploration.

Complementing our digital products, our smart devices portfolio extends AI-driven learning and companionship deeper into the daily routines of children. We recently launched iHuman AI Pal, our first plush AI companion inspired by our beloved Cosmicrew characters. Designed as a soft, screen-free toy powered by large language model technology, it blends naturally into children’s playtime, transforming everyday interactions into opportunities for discovery, imagination, and emotional connection. Beyond simple dialogue, iHuman AI Pal creates an adaptive English and Chinese environment that feels as natural and comforting as talking with a favorite plush friend. Through immersive stories, songs, and interactive fun experiences, it adjusts content to children’s respective levels, helping them absorb new expressions effortlessly and build confidence in communication. It also supports holistic growth by fostering positive character, good habits, and safety awareness through memorable, story-based experiences. With built-in long-term memory, it recalls each child’s preferences and past interactions, creating a familiar and lasting companionship that encourages open communication and builds confidence. Additionally, a connected mini program for parents keeps the family informed of the child’s progress, provides personalized insights, and captures memorable moments — a testament to our vision of responsible, family-centric AI that supports children’s development while giving parents peace of mind.

Following the remarkable success of its inaugural season, our Kunpeng Animation Studio launched the second season of Rainbow Crew in October, adding new depth and creativity to our expanding content library. Since its premiere, the series has consistently ranked among the top children’s programs across major streaming platforms, validating its sustained audience appeal. The ongoing success of the Rainbow Crew franchise further strengthens our brand’s cultural influence and supports the long-term expansion of our content and licensing portfolio.

Looking ahead, we will continue to prioritize strategic investment in innovation, technology, and creative excellence to meet the evolving needs of families. With a trusted brand, a loyal user base, and a strong product pipeline, we remain highly confident in our ability to drive strategic progress, deepen our leadership in the children’s learning sector, and create lasting value for both users and shareholders.”

Ms. Vivien Weiwei Wang, Director and Chief Financial Officer of iHuman, added, “We are pleased to report our 15th consecutive quarter of profitability, reflecting the solid financial performance and disciplined operational execution that further strengthens our foundation for sustainable growth. At the same time, we continued to expand our market reach by bringing our innovative offerings across a broader range of platforms and everyday lifestyle scenarios. During the quarter, we made meaningful progress in extending our offerings into the smart home ecosystem, with iHuman English now available on multiple leading smart speaker platforms. This expansion brings our content into additional family settings, enabling users to engage with our products more conveniently as part of their everyday home activities. We also expanded into new in-vehicle mobility experiences through cooperation with NIO, a well-recognized smart electric vehicle brand, making our core apps like iHuman Chinese and iHuman Pinyin available within their in-car systems. By expanding beyond traditional learning environments, these partnerships broaden user access to our products and strengthen our influence within the modern family lifestyle.”

Third Quarter 2025 Unaudited Financial Results

Revenues

Revenues were RMB205.8 million (US$28.9 million), compared with RMB239.4 million in the same period last year. The decrease in revenues was primarily due to the decline in China’s newborn population and more conservative consumer spending.

Average total MAUs for the quarter were 26.13 million, compared with 29.12 million in the same period last year. The decrease in MAUs was primarily due to the decline in China’s newborn population.

Cost of Revenues

Cost of revenues was RMB65.1 million (US$9.1 million), compared with RMB75.5 million in the same period last year. The decline in cost of revenues was in line with the decrease in revenues.

Gross Profit and Gross Margin

Gross profit was RMB140.6 million (US$19.8 million), compared with RMB163.9 million in the same period last year. Gross margin was 68.3%, compared with 68.4% in the same period last year.

Operating Expenses

Total operating expenses were RMB124.0 million (US$17.4 million), a decrease of 13.4% from RMB143.2 million in the same period last year.

Research and development expenses were RMB55.3 million (US$7.8 million), a decrease of 6.8% from RMB59.3 million in the same period last year, primarily due to savings in payroll-related and outsourcing expenses.

Sales and marketing expenses were RMB45.7 million (US$6.4 million), a decrease of 24.9% from RMB60.9 million in the same period last year, primarily due to cost savings in marketing activities. 

General and administrative expenses were RMB22.9 million (US$3.2 million), compared with RMB23.0 million in the same period last year.

Operating Income

Operating income was RMB16.7 million (US$2.3 million), compared with RMB20.7 million in the same period last year.

Net Income

Net income was RMB21.6 million (US$3.0 million), compared with RMB25.1 million in the same period last year.

Basic and diluted net income per ADS were RMB0.42 (US$0.06) and RMB0.40 (US$0.06), respectively, compared with RMB0.48 and RMB0.47 in the same period last year. Each ADS represents five Class A ordinary shares of the Company.

Deferred Revenue and Customer Advances

Deferred revenue and customer advances were RMB230.4 million (US$32.4 million) as of September 30, 2025, compared with RMB283.3 million as of December 31, 2024.

Cash, Cash Equivalents and Short-term Investments

Cash, cash equivalents and short-term investments were RMB1,128.2 million (US$158.5 million) as of September 30, 2025, compared with RMB1,168.7 million as of December 31, 2024.

Extension of Share Repurchase Program

Given its confidence in the Company’s business prospects, the board of directors (the “Board”) has authorized an extension of the Company’s existing share repurchase program, as authorized in December 2021 and extended to remain effective to the end of December 2025, by another twelve months through December 31, 2026. Pursuant to the extended share repurchase program, the Company’s proposed 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, depending on the market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to the Securities and Exchange Commission Rule 10b-18 and Rule 10b5-1 requirements. The Board will continue to review the extended share repurchase program periodically, and may authorize adjustments to its terms and size. The Company expects to continue to fund the repurchases under the extended share repurchase program with its existing cash balance.

Exchange Rate Information

The U.S. dollar (US$) amounts disclosed in this press release, except for those transaction amounts that were actually settled in U.S. dollars, are presented solely for the convenience of the reader. The conversion of Renminbi (RMB) into US$ in this press release is based on the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of September 30, 2025, which was RMB7.1190 to US$1.00. The percentages stated in this press release are calculated based on the RMB amounts.

Non-GAAP Financial Measures

iHuman considers and uses non-GAAP financial measures, such as adjusted operating income, adjusted net income and adjusted diluted net income per ADS, as supplemental metrics in reviewing and assessing its operating performance and formulating its business plan. The presentation of 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 accounting principles generally accepted in the United States of America (“U.S. GAAP”). iHuman defines adjusted operating income, adjusted net income and adjusted diluted net income per ADS as operating income, net income and diluted net income per ADS excluding share-based compensation expenses, respectively. Adjusted operating income, adjusted net income and adjusted diluted net income per ADS enable iHuman’s management to assess its operating results without considering the impact of share-based compensation expenses, which are non-cash charges. iHuman believes that these non-GAAP financial measures provide useful information to investors in understanding and evaluating the Company’s current operating performance and prospects in the same manner as management does, if they so choose.

Non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. Non-GAAP financial measures have limitations as analytical tools, which possibly do not reflect all items of expense that affect our operations. Share-based compensation expenses have been and may continue to be incurred in our business and are not reflected in the presentation of the non-GAAP financial measures. In addition, the non-GAAP financial measures iHuman uses may differ from the non-GAAP measures used by other companies, including peer companies, and therefore their comparability may be limited. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from or as a substitute for the financial information prepared and presented in accordance with GAAP.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States 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” and similar statements. Statements that are not historical facts, including statements about iHuman’s beliefs and expectations, are forward-looking statements. Among other things, the description of the management’s quotations in this announcement contains forward-looking statements. iHuman may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. 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 the following: iHuman’s growth strategies; its future business development, financial condition and results of operations; its ability to continue to attract and retain users, convert non-paying users into paying users and increase the spending of paying users, the trends in, and size of, the market in which iHuman operates; its expectations regarding demand for, and market acceptance of, its products and services; its expectations regarding its relationships with business partners; general economic and business conditions; regulatory environment; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in iHuman’s filings with the SEC. All information provided in this press release is as of the date of this press release, and iHuman does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About iHuman Inc.

iHuman Inc. is a leading provider of tech-powered, intellectual development products in China that is committed to making the child-upbringing experience easier for parents and transforming intellectual development into a fun journey for children. Benefiting from a deep legacy that combines nearly three decades of experience in the parenthood industry, superior original content, advanced high-tech innovation DNA and research & development capabilities with cutting-edge technologies, iHuman empowers parents with tools to make the child-upbringing experience more efficient. iHuman’s unique, fun and interactive product offerings stimulate children’s natural curiosity and exploration. The Company’s comprehensive suite of innovative and high-quality products include self-directed apps, interactive content and smart devices that cover a broad variety of areas to develop children’s abilities in speaking, critical thinking, independent reading and creativity. Leveraging advanced technological capabilities, including 3D engines, AI/AR functionality, and big data analysis on children’s behavior & psychology, iHuman believes it will continue to provide superior experience that is efficient and relieving for parents, and effective and fun for children, in China and all over the world, through its integrated suite of tech-powered, intellectual development products.

For more information about iHuman, please visit: https://ir.ihuman.com/

For investor and media enquiries, please contact:

iHuman Inc.
Mr. Justin Zhang
Investor Relations Director
Phone: +86-10-5780-6606
E-mail: ir@ihuman.com

Christensen
In China
Ms. Alice Li
Phone: +86-10-5900-1548
E-mail: alice.li@christensencomms.com 

In the US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
E-mail: linda.bergkamp@christensencomms.com

 

 

 

iHuman Inc.

 

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)

except for number of shares, ADSsper share and per ADS data)

December 31,

September 30,

September 30,

2024

2025

2025

RMB

RMB

US$

ASSETS

Current assets

Cash and cash equivalents 

1,123,292

516,315

72,526

Short-term investments

45,457

611,844

85,945

Accounts receivable, net

52,030

64,034

8,995

Inventories, net

23,475

20,438

2,871

Amounts due from related parties

2,051

1,674

235

Prepayments and other current assets

89,512

84,141

11,819

Total current assets

1,335,817

1,298,446

182,391

Non-current assets

Property and equipment, net

3,476

2,375

334

Intangible assets, net

16,429

16,572

2,328

Operating lease right-of-use assets

14,885

12,063

1,694

Long-term investment

26,333

26,333

3,699

Other non-current assets

22,701

12,196

1,713

Total non-current assets

83,824

69,539

9,768

Total assets

1,419,641

1,367,985

192,159

LIABILITIES

Current liabilities

Accounts payable

30,233

27,024

3,796

Deferred revenue and customer advances

283,251

230,418

32,367

Amounts due to related parties

1,734

6,499

913

Accrued expenses and other current liabilities

126,501

109,000

15,311

Dividend payable

2,164

Current operating lease liabilities

3,661

2,166

304

Total current liabilities

447,544

375,107

52,691

Non-current liabilities

Non-current operating lease liabilities

11,252

9,610

1,350

Total non-current liabilities

11,252

9,610

1,350

Total liabilities

458,796

384,717

54,041

SHAREHOLDERS’ EQUITY

Ordinary shares (par value of US$0.0001 per share,
   700,000,000 Class A shares authorized as of
   December 31, 2024 and September 30, 2025;
   125,122,382 Class A shares issued and 116,084,207
   outstanding as of December 31, 2024; 125,122,382
   Class A shares issued and 111,480,772 outstanding as
   of September 30, 2025; 200,000,000 Class B shares
   authorized, 144,000,000 Class B ordinary shares
   issued and outstanding as of December 31, 2024 and
   September 30, 2025; 100,000,000 shares
   (undesignated) authorized, nil shares (undesignated)
   issued and outstanding as of December 31, 2024 and
   September 30, 2025)

185

186

26

Additional paid-in capital

996,657

960,418

134,909

Treasury stock

(26,296)

(43,483)

(6,108)

Statutory reserves

8,395

8,395

1,179

Accumulated other comprehensive income

24,009

19,865

2,790

Retained earnings (accumulated deficit)

(42,105)

37,887

5,322

Total shareholders’ equity

960,845

983,268

138,118

Total liabilities and shareholders’ equity

1,419,641

1,367,985

192,159

 

 

 

iHuman Inc.

 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)

except for number of shares, ADSs, per share and per ADS data)

For the three months ended

For the nine months ended

September 30,

June 30,

September 30,

September 30,

September 30,

September 30,

September 30,

2024

2025

2025

2025

2024

2025

2025

RMB

RMB

RMB

US$

RMB

RMB

US$

Revenues

239,407

200,162

205,764

28,903

689,517

616,365

86,580

Cost of revenues

(75,541)

(64,414)

(65,134)

(9,149)

(205,805)

(196,211)

(27,562)

Gross profit

163,866

135,748

140,630

19,754

483,712

420,154

59,018

Operating expenses

Research and development expenses

(59,307)

(52,834)

(55,294)

(7,767)

(184,449)

(163,513)

(22,969)

Sales and marketing expenses

(60,863)

(41,279)

(45,720)

(6,422)

(167,121)

(128,254)

(18,016)

General and administrative expenses

(22,998)

(22,146)

(22,949)

(3,224)

(75,148)

(70,634)

(9,922)

Total operating expenses

(143,168)

(116,259)

(123,963)

(17,413)

(426,718)

(362,401)

(50,907)

Operating income

20,698

19,489

16,667

2,341

56,994

57,753

8,111

Other income, net

8,024

14,774

5,318

747

26,444

28,092

3,946

Income before income taxes

28,722

34,263

21,985

3,088

83,438

85,845

12,057

Income tax expenses

(3,579)

(2,374)

(400)

(56)

(11,330)

(5,853)

(822)

Net income

25,143

31,889

21,585

3,032

72,108

79,992

11,235

Net income per ADS:

   – Basic

0.48

0.62

0.42

0.06

1.37

1.55

0.22

   – Diluted

0.47

0.60

0.40

0.06

1.33

1.49

0.21

Weighted average number of ADSs:

   – Basic

52,283,334

51,395,308

51,201,957

51,201,957

52,502,206

51,492,689

51,492,689

   – Diluted

54,011,420

53,478,410

53,434,919

53,434,919

54,332,011

53,596,640

53,596,640

Total share-based compensation expenses included in:

Cost of revenues

22

9

8

1

88

25

4

Research and development expenses

225

67

87

12

1,030

264

37

Sales and marketing expenses

39

16

16

2

130

48

7

General and administrative expenses

329

(5)

85

12

1,022

184

26

 

 

 

iHuman Inc.

 

UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS

 (Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)

except for number of shares, ADSs, per share and per ADS data)

For the three months ended

For the nine months ended

September 30,

June 30,

September 30,

September 30,

September 30,

September 30,

September 30,

2024

2025

2025

2025

2024

2025

2025

RMB

RMB

RMB

US$

RMB

RMB

US$

Operating income

20,698

19,489

16,667

2,341

56,994

57,753

8,111

Share-based compensation expenses

615

87

196

27

2,270

521

74

Adjusted operating income

21,313

19,576

16,863

2,368

59,264

58,274

8,185

Net income

25,143

31,889

21,585

3,032

72,108

79,992

11,235

Share-based compensation expenses

615

87

196

27

2,270

521

74

Adjusted net income

25,758

31,976

21,781

3,059

74,378

80,513

11,309

Diluted net income per ADS

0.47

0.60

0.40

0.06

1.33

1.49

0.21

Impact of non-GAAP adjustments

0.01

0.00

0.01

0.00

0.04

0.01

0.00

Adjusted diluted net income per ADS

0.48

0.60

0.41

0.06

1.37

1.50

0.21

Weighted average number of ADSs – diluted

54,011,420

53,478,410

53,434,919

53,434,919

54,332,011

53,596,640

53,596,640

Weighted average number of ADSs – adjusted

54,011,420

53,478,410

53,434,919

53,434,919

54,332,011

53,596,640

53,596,640

 

Goodix Leads the Era of Bluetooth® 6.1 High-Precision Ranging with Next-Gen Automotive-Grade Bluetooth LE SoC

SHENZHEN, China, Dec. 29, 2025 /PRNewswire/ — Imagine unlocking your car simply by walking up to it—without taking out your phone or pressing the key fob. This seamless, hands-free experience is accelerating the adoption of Bluetooth® digital car keys and making everyday driving more convenient.

Aligned with this industry trend, Goodix Technology has taken an early lead in digital car key innovation. Based on the Bluetooth SIG’s newly released Bluetooth® Core Specification 6.1, Goodix has initiated development and validation for digital car key applications and unveiled its next-generation automotive-grade Bluetooth LE SoC, the GR5410. Featuring more accurate ranging, higher performance, and expanded peripheral interfaces, the GR5410 is designed to drive innovation in next-generation in-vehicle wireless applications.

Goodix automotive-grade Bluetooth LE SoC -- GR5410
Goodix automotive-grade Bluetooth LE SoC — GR5410

Among the First to Achieve Dual Certification for Bluetooth® 6.1 and Channel Sounding

The GR5410 supports the innovative Channel Sounding technology and delivers comprehensive enhancements in privacy protection and energy efficiency, meeting a broad range of application requirements, including high-precision ranging and low-latency communication. With its forward-looking technology roadmap, Goodix is among the first chip vendors to obtain both Bluetooth® 6.1 BQB and Channel Sounding certifications.

New Architecture and AI Algorithms Set a New Performance Benchmark

Built on design principles of power efficiency, robust security, and high system integration, the GR5410 has a high-performance single-chip wireless MCU that integrates a Bluetooth® 6.1 module, a Channel Sounding unit, and a CAN FD interface. It is purpose-built for automotive, industrial, and other performance-critical applications.

  • Powered by Arm China’s STAR-MC1 Core: Featuring an advanced security architecture, the GR5410 supports secure boot, protected debugging, encrypted storage, and a “one-chip-one-key” hardware security module (HSM) mechanism, providing comprehensive protection for intelligent cockpit and digital car key systems.
  • Early Support for Passive Anchor Multi-Node Ranging: All nodes can complete synchronized ranging in approximately 200 milliseconds, significantly enhancing ranging refresh rates and accuracy. Combined with Goodix’s proprietary AI-based ranging algorithms, the solution achieves accuracy of up to ±50 cm with a maximum ranging distance exceeding 50 meters.
  • Proprietary Low-power Bluetooth® Protocol Stack: Fully compatible with RSSI broadcast scanning, RSSI monitoring, and Channel Sounding ranging, the stack provides flexible support for a wide range of digital car key use cases.

End-to-End Support Accelerate Deployment

  • Empowering Smart Vehicles with Bluetooth Innovation: The chip has already been selected for projects by multiple automakers and Tier 1 suppliers and is scheduled to enter pilot production in the first quarter of 2026, helping customers accelerate the adoption of Bluetooth® innovations in smart vehicles.
  • Proven Mass-Market Deployment: Leveraging a robust portfolio of advanced products and comprehensive customer support, Goodix has established itself as a leading digital car key solution provider. Its solutions have been adopted by multiple mainstream Chinese automakers and Tier 1 suppliers, and are already in commercial use across more than a dozen car models.

As the automotive industry accelerates its transformation toward greater intelligence and connectivity, Goodix will continue to deepen its investment in wireless connectivity technologies. Through differentiated and innovative solutions, the company is committed to enabling automakers to deliver smarter, more convenient, and more secure mobility experiences.

Laos to Require Online Businesses to Register Under New E-Commerce Rules, Starting Next February

Online shopping in Laos (Image by The Star Media)

On 17 December, the Ministry of Industry and Commerce (MOIC) issued a nationwide directive requiring individuals and companies operating online businesses in Laos to register and comply with new administrative regulations, with enforcement set to begin on 1 February 2026.

The official notice, issued on 17 December, applies to all individuals and legal entities currently operating, or planning to operate, e-commerce and online businesses in the country. 

Sellers must submit registration documents either in person through the Department of Internal Trade’s E-Commerce Management Division or online via the newly introduced E-Trust system.

According to the ministry, the E-Trust system aims to support online sellers, particularly small businesses and operators in remote provinces, by allowing electronic commerce registration and permit applications through an online platform.

Once approved, registered entities will receive an official certificate or business permit. These documents must be renewed upon expiry and updated if there are changes to business information or operations.

The regulation applies nationwide and covers all forms of online trade, including sales conducted through social media platforms such as Facebook and TikTok, websites, messaging applications, and other digital channels.

MOIC warned that individuals or companies that fail to comply without valid justification will face administrative penalties, including fines, formal warnings, and possible legal action in line with existing laws. Authorities said the notice is intended to strengthen oversight of online commerce, ensure traceability of sellers, and curb illegal or unregistered online trading activities.

The announcement builds on earlier e-commerce regulations, including a 2021 decree establishing the legal framework for online trade and a 2023 instruction clarifying registration and certification requirements. In 2025, authorities also introduced penalties for non-compliance.

The announcement aims to strengthen oversight of electronic commerce, improve traceability and legality of online businesses, and enhance consumer protection within Laos’ growing digital economy.

AI-Powered Super League “A-Super Night” Empowering All Industries Held in Guangxi, China

NANNING, CHINA – Media OutReach Newswire – 29 December 2025 – On the evening of December 26, the AI-Powered Super League Empowering All Industries, known as “A-Super Night,” was held in Guangxi, China. From a panoramic presentation of competition outcomes to immersive demonstrations of cutting-edge technologies, from the showcase of cross-disciplinary teams to deep resonance in ASEAN cooperation, this event—blending technology with humanity and linking the present with the future—made the land of Guangxi shine brightly.

Stepping into the “AI Night” themed exhibition hall felt like entering a new era of the future. Three major sections—”AI Life Experience Zone,” “Your Future New Colleagues,” and “AI Empowering All Industries”—outlined a clear vision of the intelligent age. Dozens of innovative achievements were vividly presented through graphics, physical exhibits, and dynamic demonstrations, bringing to life the league’s core theme of “AI Guangxi, AI China, AI ASEAN.”

According to organizers, this edition of the “A-Super” competition reached an unprecedented scale. The event covered all 31 provincial-level regions of China as well as 11 ASEAN countries, featuring 20 competition tracks closely aligned with economic and social development needs. A total of 10,447 teams from China and abroad participated, including 604 teams from ASEAN. Through intense competition, “challenge-based” projects with a total value exceeding RMB 74 million were generated, alongside 93 outstanding competition scenarios and 202 new technology exhibits. Forty projects gained preliminary interest from investors, 57 technologies entered commercialization and application pathways, and a number of enterprises reached cooperation agreements with ASEAN partners.

The “A-Super Night” program that evening was rich in highlights, presenting the charm of intelligent technology through innovative formats. At the opening, guests used digital scent players to jointly embark on an immersive “AI Guangxi” journey created by the theme film Guangxi Has AI. This was followed by a series of segments including Digital Intelligence Narratives, the Super Roadshow, Moments of Glory, Strategic Launches, Rhythms of the Future, and Qinzhou Time. Among them, the “Super Roadshow” served as a concentrated showcase of technological achievements, with eight outstanding projects presented in succession, spanning areas such as social governance, intelligent manufacturing, public well-being, and cross-border trade. The “Moments of Glory” segment announced the three core “A-Super” awards: the “AI Innovation Spark Award,” the “Guangxi Most Promising Award,” and the “ASEAN Future Unicorn Award.” During the “Strategic Launch” segment, a series of cutting-edge industrial achievements and new products made their collective debut. In parallel, the “A-Super Night” themed exhibition was held throughout the event.

Hashtag: #A-SuperNight

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

CCTV+: China-Lao Agricultural Science Cooperation Delivers New Results in 2025

BEIJING, Dec. 29, 2025 /PRNewswire/ — China and Lao PDR have stepped up their cooperation on agricultural science and technology, with 2025 marking a year of concrete progress from laboratory planning to field-level impact.

At the heart of this collaboration is the China-Lao Joint Laboratory for Plant Biosafety, co-led by the Institute of Plant Protection, Chinese Academy of Agricultural Sciences (IPPCAAS) and the Department of Agriculture (DOA), Ministry of Agriculture and Forestry (MAF), Lao PDR. Over the past year, the joint lab has refined its governance arrangements, agreed on fixed contact points on both sides and prepared a supplementary agreement on high-resolution insect radar, which is now undergoing the Lao regulatory process. The Lao side has also completed the functional layout of new laboratory facilities, including basic living space for resident scientists, so that technical teams can work and respond on site.

In the field, cooperation has focused on building systems that directly serve farmers. In central and southern Lao PDR, intelligent light-trap stations have been deployed in five core agricultural provinces—Vientiane, Bolikhamxay, Khammouane, Savannakhet and Champasak—to monitor major pests in maize and rice.

Field demonstration links these tools with day-to-day production. Around Vientiane and in nearby districts, China–Lao teams have set up rice and maize plots that compare biological control, conventional chemical control and integrated pest management (IPM) packages. These side-by-side trials allow local officers and farmers to see how different options affect crop loss, labour and input costs, and safety, and to select combinations that match local conditions and market requirements.

Capacity development and communication have become key features of the partnership. In 2025, Chinese and Lao experts jointly organized four rounds of hands-on training linked to the new monitoring sites, covering light-trap operation and maintenance, sample handling, pest identification and basic data recording, and reaching more than 60 provincial, district and frontline technicians. The joint lab is also working with the National University of Laos to recruit and mentor local interns, giving students practical experience in applied agricultural research and data management. To make the cooperation more visible, bilingual display panels on the joint lab’s mandate, monitoring sites and demonstration plots have been produced, and Lao National Television has reported on the work through its news and online channels.

Together, these developments show how China and Lao PDR are turning agricultural science cooperation into practical support for more resilient crops and rural livelihoods, while providing a useful example for wider regional collaboration.

HKSH Medical Group and Southern University of Science and Technology Collaborate for Medical and Medical Physics Training, Enhancing Medical Education and Research Innovation

HONG KONG, Dec. 29, 2025 /PRNewswire/ — HKSH Medical Group (“HKSH”) and Southern University of Science and Technology (“SUSTech”) officially signed a Memorandum of Understanding (“MOU”) on 15 December 2025, a significant initiative to deepen collaboration between Hong Kong and the Chinese Mainland in the fields of medicine and medical physics.

During the ceremony, Dr. Walton LI, Chief Executive Officer of HKSH Medical Group and Medical Superintendent of Hong Kong Sanatorium & Hospital (2nd from right), and Professor JIANG Hong, Party Secretary of SUSTech (2nd from left), signed the MOU, with Mr. Wyman LI, Chief Operating Officer of HKSH Medical Group and Director of Hong Kong Sanatorium & Hospital (1st from right), and Professor WANG Peng-fei, Joint Party Secretary of SUSTech's School of Medicine (1st from left), as witnesses.
During the ceremony, Dr. Walton LI, Chief Executive Officer of HKSH Medical Group and Medical Superintendent of Hong Kong Sanatorium & Hospital (2nd from right), and Professor JIANG Hong, Party Secretary of SUSTech (2nd from left), signed the MOU, with Mr. Wyman LI, Chief Operating Officer of HKSH Medical Group and Director of Hong Kong Sanatorium & Hospital (1st from right), and Professor WANG Peng-fei, Joint Party Secretary of SUSTech’s School of Medicine (1st from left), as witnesses.

Distinguished guests at the HKSH Medical Group and Southern University of Science and Technology Memorandum of Understanding Signing Ceremony.
Distinguished guests at the HKSH Medical Group and Southern University of Science and Technology Memorandum of Understanding Signing Ceremony.

Distinguished guests at the HKSH Medical Group and Southern University of Science and Technology Memorandum of Understanding Signing Ceremony.
Distinguished guests at the HKSH Medical Group and Southern University of Science and Technology Memorandum of Understanding Signing Ceremony.

During the signing ceremony, Dr. Walton LI, Chief Executive Officer of HKSH Medical Group and Medical Superintendent of Hong Kong Sanatorium & Hospital, and Professor JIANG Hong, Party Secretary of SUSTech, signed the MOU, with Mr. Wyman LI, Chief Operating Officer of HKSH Medical Group and Director of Hong Kong Sanatorium & Hospital, and Professor WANG Peng-fei, Joint Party Secretary of SUSTech’s School of Medicine, as witnesses. This collaboration signifies the commencement of a comprehensive collaboration between the two entities in medical and medical physics education and research, and advanced technological research, with the objective of enhancing the development of related fields in the Chinese Mainland.

In his address, Dr. Walton LI stated, “HKSH firmly believes that talent and technology are paramount to advancing healthcare. We are committed to providing advanced, high-end, and internationally recognised medical services, particularly in the realm of oncology, where we offer comprehensive one-stop specialty services and cutting-edge equipment. We have focused on building a robust integrated medical team and have been nurturing medical physics professionals for over twenty years, currently employing over 30 experienced certified medical physicists. SUSTech possesses world-class expertise in physics, mathematics, and life sciences, along with a synergistic development mechanism that effectively bridges scientific research to practical applications. We are confident that our collaboration in the areas of medicine and medical physics will substantially benefit the long-term development of medical education and healthcare services in the region.”

Professor JIANG Hong, Party Secretary of SUSTech, emphasised, “As an innovative research-based university, SUSTech is proudly entering its 15th anniversary. Our collaboration with HKSH, a century-old institution with a reputable legacy in quality medical services and technological innovations, is a strategic move to deepen SUSTech’s educational and research strengths in medicine, bioengineering, physics, and artificial intelligence. This collaboration will provide vital support for cultivating innovative talents in science, engineering and medicine.”

Mr. Wyman LI, Chief Operating Officer of HKSH Medical Group and Director of Hong Kong Sanatorium & Hospital, asserted the significance of this cooperation, “This collaboration is profoundly significant, as it promises to establish a comprehensive cooperation between HKSH and SUSTech, the aspiring research-based university, thereby offering a new paradigm for integrating medical education and technological innovation in Hong Kong and the Greater Bay Area. Both institutions will enhance medical exchanges, cultivate additional medical professionals, and facilitate healthcare development in the region, ultimately benefitting more patients and the entire community.”

Under the terms of the MOU, HKSH will provide strategic support for SUSTech’s graduate programme in medical physics, where professionals from both institutions will engage in short-term to long-term training and exchanges. There will also be sharing of experiences in discipline development and healthcare service delivery with the affiliated hospital of SUSTech in future, providing professional support and assistance. This collaboration aims to drive academic development and healthcare services simultaneously, fostering advancements in medical technology to enhance the standard of healthcare services in the Greater Bay Area.

About HKSH Medical Group

Officially launched in September 2017, HKSH Medical Group promotes public health and advanced medicine through a multi-faceted, coordinated approach across clinical services, medical education, scientific research and public health education. Members of the Group, including Hong Kong Sanatorium & Hospital, HKSH Healthcare, HKSH Eastern Medical Centre and HKSH Cancer Centre, are dedicated to offering top-quality holistic care to patients.

Established in 1922, Hong Kong Sanatorium & Hospital is one of the key members of HKSH Medical Group and a leading private hospital in Hong Kong. Living up to its motto of ‘Quality in Service, Excellence in Care’, the Hospital is committed to serving the public as well as promoting medical education and research.

For more information about HKSH Medical Group, please visit http://www.hksh.com.