Home Blog Page 1380

ACEN completes transition to 100% renewable energy

MANILA, Philippines, Dec. 29, 2025 /PRNewswire/ — ACEN has reached a defining milestone in its transformation journey, having achieved 100% renewable energy generation across its portfolio earlier this year.

The milestone underscores a strategic shift that began nearly a decade ago. In 2016, ACEN reached 1,000 megawatts of installed capacity, with the portfolio largely anchored on coal and renewable energy accounting for only around 2%. At the time, fossil fuels dominated regional power systems, and large-scale renewables were still emerging.

Recognizing the growing urgency of climate change and the long-term risks associated with carbon-intensive assets, ACEN made a deliberate pivot toward renewable energy. The company reshaped its strategy, redirected capital, and built the capabilities needed to scale clean energy across multiple markets – while taking measured steps to reduce and ultimately exit coal.

Today, ACEN’s renewable energy portfolio has grown to over 7 gigawatts of attributable capacity, spanning projects that are operational, under construction, or supported by signed agreements. ACEN, the Ayala group’s listed energy company, is now among the fastest-growing renewable energy platforms in the Asia Pacific, with the Philippines as its core and largest market.

Beyond the Philippines, ACEN has established a diversified regional presence, with a wholly-owned platform in Australia, alongside operations in Vietnam, India, and Lao PDR, and strategic investments in Indonesia and other markets.

“This milestone reflects our long-term strategy to align ACEN with the future of the energy system, while supporting decarbonization in a commercially disciplined way,” said Eric Francia, President and CEO of ACEN.

As a developer, builder, and operator, ACEN leverages its agility and collaborative approach to help accelerate the energy transition across its markets. The company now operates on 100% renewable energy generation and is targeting Net Zero greenhouse gas emissions by 2050, consistent with global climate objectives.

In 2025, ACEN completed and advanced a diversified set of renewable energy projects across its portfolio:

Solar: 4,634 MW

Wind: 1,957 MW

Geothermal: 115 MW

Battery Energy Storage: 304 MW

These projects contribute to cleaner and more reliable power systems, while supporting economic activity and local development across ACEN’s host communities.

Reaching 100% renewable energy marks an important foundation for ACEN’s next phase of growth. As the company looks ahead, its focus extends beyond capacity expansion, toward enabling a just, orderly, and inclusive energy transition that delivers long-term value for stakeholders.

Beyond targets, ACEN continues to transition with purpose. Demonstrating that ambition, when matched with execution, can deliver real impact.

Samsung Plans to Bring Google Photos to Samsung AI TV Lineup, Helping Users Relive Their Favorite Memories on the Big Screen

Samsung TV aims to be the first to launch Google Photos features in 2026, debuting with memories on the big screen for the first time, while create and personalized results capabilities roll out later in the year

SEOUL, South Korea, Dec. 29, 2025 /PRNewswire/ — Samsung Electronics Co., Ltd. today announced that they are working to bring Google Photos to Samsung TVs to give users a seamless way to enjoy the moments that matter most, from trips and hobbies to everyday memories with loved ones—now on an immersive and larger screen. The experience aims to offer families a delightful and meaningful way to rediscover their favorite memories together.[1]

 

Samsung TV Google Photos features
Samsung TV Google Photos features

 

“Samsung TVs have always brought people together, and bringing Google Photos to the big screen makes that experience even more personal,” said Kevin Lee, Executive Vice President of the Customer Experience Team at the Visual Display (VD) Business of Samsung Electronics. “Through this partnership, we help users rediscover and relive cherished moments by bringing to light the stories behind their photos—right from the comfort of their living room.”

A More Meaningful Way to Enjoy Personal Photos

Google Photos makes reliving and sharing special memories easy. With the planned integration, it will seamlessly bring the photos people capture on their phones to Samsung TVs, where they can appear in a larger, cinematic format.

Through the proposed integration, users can explore curated memories on their TVs organized by people, places, and meaningful moments. Google Photos will also expand the suite of photo-driven experiences that integrate with Samsung’s Vision AI Companion (VAC), enriching how memories are highlighted and enjoyed throughout the day.

Samsung wants Google Photos to be deeply woven into the TV experience. Imagine Photos surfacing naturally through Daily+ and Daily Board, ensuring that meaningful memories[2] greet users throughout their day in contextual and convenient moments. The setup should be simple—users sign in with their Google Account, and their photo memories instantly appear on the big screen.[3] 

Three Ways to Relive and Rediscover: Memories, Create and Personalized Results

  • Memories (planned to launch exclusive in early 2026): Shows curated stories based on people, locations, and meaningful moments for the first time on TV, available first and exclusively on Samsung TVs for six months.[4]
  • Create with AI (planned to launch later in 2026): Introduces themed templates[5] built on Nano Banana, Google DeepMind’s image generation and editing model, featuring playful and fun transformation. Users can also utilize Remix to transform the art style of an image, or Photo to Video to bring still moments to life as short videos.
  • Personalized Results (planned to launch later in 2026): Users may view related photos as a slideshow based on topics or contents of memories e.g. ocean, hiking, Paris, etc.

A Seamless Way to Experience Memories on Samsung TV

Samsung and Google Photos want to bring a cinematic gallery experience to the heart of the home, enabling Samsung TV users to browse and relive their most important moments in stunning detail. This integration will transform personal photo libraries into a space where users are invited to explore their journey, create new stories, and reminisce over cherished memories with depth and simplicity.

“Google Photos is a home for people’s photos and videos, helping them organize and bring their memories to life,” said Shimrit Ben-Yair, Vice President, Google Photos and Google One. “We’re excited to bring Google Photos to Samsung TVs—helping people enjoy their favorite photos on a larger screen and reconnect with their memories in new ways.”

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, digital signage, smartphones, wearables, tablets, home appliances and network systems, as well as memory, system LSI and foundry. Samsung is also advancing medical imaging technologies, HVAC solutions and robotics, while creating innovative automotive and audio products through Harman. With its SmartThings ecosystem, open collaboration with partners, and integration of AI across its portfolio, Samsung delivers a seamless and intelligent connected experience. For the latest news, please visit the Samsung Newsroom at news.samsung.com.

1. Features and availability may vary by model and region.
2. Available on Samsung TV models launched 2026 with a Google Account and backed-up photos/videos. For in market models, experience will be available following the OS update schedule.
3. Memories must not be turned off in Google Photos settings.
4. Memories available beginning March 2026; Create and Search available in the second half of 2026.
5. Select creative AI templates will be available exclusively on Samsung TVs.

European elegance, Middle Eastern character: The design story behind VinFast VF 8

An SUV that delivers both sophistication and an industry-leading peace-of-mind ownership experience.


DUBAI, UAE – Media OutReach Newswire – 29 December 2025 – Middle Eastern buyers have long gravitated toward vehicles that project elegance, presence, and purpose. As electric mobility accelerates across the region, design continues to be a major factor in purchase decisions. VinFast responds to this expectation with the VF 8, an electric SUV whose aesthetic is rooted in European sophistication yet thoughtfully shaped to resonate with Middle Eastern roads, lifestyles, and sensibilities.

VF 8 photo

The VF 8’s exterior was developed around a design philosophy VinFast calls “Dynamic Balance”. Rather than relying on overt aggressiveness, the VF 8 uses tension between smooth surfaces and crisp lines, balancing gentle curves with sharper transitions to create a silhouette that feels modern without chasing trends, a consideration particularly relevant in the Middle East.

Its LED lighting signature, highlighted by a full-width tail lamp and the recognizable V-shaped graphic, establishes a strong visual identity from a distance. Confident proportions and a purposeful stance allow the vehicle to project stability on wide highways and in dense city environments.

Inside the VF 8, VinFast has created a cabin that blends practicality with an understated, premium feel. A panoramic sunroof brightens the interior and creates a sense of openness that local buyers often value. Premium vegan leather, color-selectable ambient lighting, and a streamlined dashboard contribute to a cabin that feels calm and contemporary. At the center of this environment is a 15.6-inch floating infotainment display that anchors the cockpit while reducing physical clutter. The seats, spacious in both rows, are designed with long-distance comfort in mind, and ventilation and heating functions in the Plus variant provide flexibility across seasonal shifts in the region.

Design and engineering intersect to elevate everyday usability. The VF 8’s aerodynamic profile supports range efficiency and improves ride stability. Wide outward visibility, paired with intelligent LED lighting, enhances confidence during night driving and intercity travel. The vehicle’s smart functionalities, including update capability and advanced driver-support technologies, are built into the design in a way that maintains the cabin’s clean, minimal aesthetic without overwhelming the driver.

The VF 8’s design narrative is strengthened by an ownership experience that has become one of VinFast’s defining attributes. Its long-term warranty coverage extends for ten years or 200,000 km on the vehicle, alongside a ten-year battery warranty with unlimited mileage, delivering assurance that resonates strongly with Middle Eastern buyers who prioritize durability and long-term value. This is reinforced by a comprehensive aftersales framework that includes five years of free scheduled service up to 100,000 km, 24/7 roadside assistance with mobile service support, guaranteed access to replacement parts around the clock, and the inclusion of home charging solutions with access to DC fast-charging networks. Together, these policies align with the SUV’s design intention: a vehicle created not only to be admired, but to be lived with confidently for years.

This positioning comes as VinFast closes out one of the most consequential years in its history. The company has inaugurated its Subang manufacturing plant in Indonesia, marking a major expansion of its global production footprint, while momentum in Vietnam continues to accelerate. With record monthly deliveries and multiple models leading their respective segments, VinFast is on track to finish the year as the best-selling automotive brand in its domestic market, underscoring the speed and scale of its transition from an emerging EV player to an established market leader.

Hashtag: #VF8 #VinFast

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

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible to everyone.

VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia.

Learn more at:

Autoliv Provides Update Regarding Resignation Date of Fredrik Westin

STOCKHOLM, Dec. 29, 2025 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced that Fredrik Westin has agreed with the Company to amend his resignation date to be effective March 31, 2026.

Mr. Westin will continue his employment as EVP, Finance and Chief Financial Officer of the Company through March 31, 2026. The recruitment of Mr. Westin’s successor as Chief Financial Officer and Executive Vice President, Finance continues.

Inquiries:
Investors & Analysts: Anders Trapp, Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14

This information is information that Autoliv, Inc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 10.00 CET on December 29, 2025.

About Autoliv

Autoliv, Inc. (NYSE: ALV) (Nasdaq Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world as well as mobility safety solutions, such as pedestrian protection, connected safety services and safety solutions for riders of powered two wheelers. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2024, our products saved close to 37,000 lives and reduced more than 600,000 injuries.

We have operations in 25 countries, and we drive innovation, research, and development at our 13 technical centers. Our 65,000 employees are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. Sales in 2024 amounted to $10.4 billion. For more information go to www.autoliv.com

Safe Harbor Statement

This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law. 

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/autoliv/r/autoliv-provides-update-regarding-resignation-date-of-fredrik-westin,c4287028

The following files are available for download:

https://mb.cision.com/Main/751/4287028/3859031.pdf

ALV Press Release – Autoliv Provides Update Regarding Resignation Date of Fredrik Westin

 

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.