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From Waste to Worth: HP and TÜV Rheinland’s Sustainability Revolution

TAIPEI, Aug. 15, 2025 /PRNewswire/ — As companies worldwide strive for carbon reduction and net-zero goals, HP has been advancing its sustainable supply chain. Recently, HP has collaborated with suppliers to complete a brand closed-loop recycled materials certification project, audited by TÜV Rheinland Taiwan according to international standards. This initiative sets a new benchmark for e-waste recycling while demonstrating HP’s commitment to sustainability development.

HP has been an advocate of the circular economy as early as the 1960s. The enterprise has built upon its early initiatives in recycled materials programs to sustainably achieve the brand’s long-term sustainability goals, and this year it took a significant step by launching the recycling of the brand’s IT and telecom equipment waste—such as laptops, monitors, and keyboards—into raw materials for new products. HP has also partnered with TÜV Rheinland’s team of experts in recycled materials verification to establish inspection procedures, and TÜV Rheinland has fully conducted comprehensive audits throughout the entire process, complying with ISO 14021, EN 15343, and ISO 22095 standards.

Starting from waste collection, the inspection process involves meticulous evaluation of each stage, including manual sorting, dismantling, washing, electrostatic separation, and pelletizing, ensuring traceability and strict control. Unlike conventional e-waste processing, the emphasis with this system is precise manual disassembly and detailed classification management. During recycling, HP’s discarded products are carefully dismantled piece by piece, including screws, motherboards, and plastic parts, significantly enhancing material purity and recycled rates while minimizing contamination and material loss. According to TÜV Rheinland’s evaluation, a 65% recycled rate is achieved for ABS plastic from keyboards, enabling 0.65 kg of ABS to be recovered from every kilogram of discarded keyboards. Similarly, up to 30% of high-quality recycled plastic can be extracted from HP monitor waste and repurposed for next-generation HP products. This method has proven far more efficient and sustainable than traditional whole-device shredding.

In addition to plastics, HP has pioneered closed-loop recycling for metals. For example, PCBs rich in valuable metals undergo processes such as shredding, leaching, and electrolysis, enabling the recovery of 100% recycled electrolytic copper exclusively for HP. This comparatively sustainable process efficiently extracts material with electrolysis to separate multiple metals. The method ensures high purity and recovery rates, with an average of 200 to 300 kilograms of closed-loop recycled copper obtained per ton of discarded PCBs, showcasing its exceptional efficiency and sustainability.

Bringing over 20 years of experience in recycled material verification, TÜV Rheinland provided comprehensive technical support and inspection mechanisms, ensuring transparency and traceability across the recycling system—from waste collection to the application of materials in new HP products. TÜV Rheinland conducted rigorous audits of HP’s closed-loop recycling system and material production processes, ultimately verifying five types of material.

As consumer e-waste volumes continue to grow, governments and organizations worldwide are introducing stricter recycling regulations and encouraging the incorporation of recycled materials into products. HP’s closed-loop recycling model not only boosts resource efficiency but also sets a precedent for the electronics industry, promoting advancements in resource recovery and enhancing material management. Looking ahead, HP is taking further steps toward achieving a fully circular economy, and plans to expand its certification scope and integrate more recycled materials into HP products.

Leading the future with AI & mobility: NetDragon’s Cherrypicks & Zhongke WengAI’s Strategic Alliance

Wenge Invests in Cherrypicks to Jointly Drive China’s AI Go-Global Strategy and Elevate Hong Kong’s AI Ecosystem

HONG KONG, Aug. 15, 2025 /PRNewswire/ — NetDragon Websoft Holdings Limited (“NetDragon” or the “Company”, Hong Kong Stock Code: 777), a global leader in building internet communities, is pleased to announce that NetDragon and its subsidiary Cherrypicks, together with Zhongke WengAI, today hosted the launch ceremony for “Leading the future with AI & mobility: NetDragon’s Cherrypicks & Zhongke WengAI’s Strategic Alliance.” The alliance aims to accelerate innovative AI applications across enterprise and education. This collaboration marks a milestone in bringing China’s core AI technologies to global markets under the lead of a Hong Kong enterprise, injecting strong momentum into Hong Kong’s AI ecosystem and reinforcing the city’s role as an innovation hub for the Greater Bay Area and the world.

Cherrypicks and Zhongke WengAI will engage in an exclusive collaboration outside Mainland China to promote AI services. Under the partnership, Cherrypicks will serve as Wenge’s sole overseas commercialization and go-to-market platform. Wenge is investing in Cherrypicks and will contribute AI technology resources to jointly develop and deploy products and solutions for overseas markets across public services, finance, healthcare, and commercial sectors. Dr. Waley Wang, Chairman of Zhongke WengAI, will join the Board of Directors of Cherrypicks to align strategic direction and technology roadmap, driving efficient execution of joint projects.

Dr. Simon Leung, Vice Chairman of NetDragon, said: “This three-party collaboration exemplifies the convergence of China’s AI ‘go-global’ strategy with Hong Kong’s innovation strengths. As a bridge between the Mainland and international markets, Cherrypicks will leverage synergies to bring leading AI technologies such as the ‘YaYi’ large language model to Hong Kong and overseas, powering smart city development and industry upgrades, and further cementing Hong Kong’s position as an international innovation hub.”

Dr. Waley Wang, Chairman and Founder of Zhongke WengAI, said: “We attach great importance to our collaboration with Cherrypicks under NetDragon. As an international gateway for innovation with a multilingual environment, Hong Kong is strategically significant for Wenge’s overseas expansion. Cherrypicks’ professional capabilities and local ecosystem network will strongly support the rollout of our AI technologies and products in global markets. We look forward to jointly enabling industry transformation with AI and delivering higher-quality intelligent services for customers worldwide.”

Mr. Kenny Chien, CEO of Cherrypicks, said: “We are honored to partner with Zhongke WengAI to bring China’s leading AI technologies and innovations to the world. By combining our strengths in AI deployment, mobile technologies, and cross-border services, we will develop intelligent products tailored to local and international needs, foster a healthy AI ecosystem in Hong Kong, and help enterprises seize new opportunities in the intelligent era.”

Zhongke WengAI is widely recognized as a technology leader in Mainland China’s AI sector. Its self-developed “YaYi” large language model and AI Scientist agent ranked first across two global AI agent benchmarks in 2025, outperforming multiple international players. Wenge’s products deliver industry-leading performance in multimodal data processing, reasoning and decision-making, and semantic understanding, and are broadly applied in finance, healthcare, and scientific research, serving nearly one thousand organizations with efficient, intelligent solutions. Incubated by the Institute of Automation of the Chinese Academy of Sciences, Wenge continues to collaborate with renowned universities and technology enterprises at home and abroad to advance AI-driven industrial innovation.

At the launch event, Wenge introduced its latest research achievement, the YaYi AI-Scientist platform for scientific research, and showcased its international flagship products and technologies. Among them, the social listening product Wisky, powered by the YaYi model and cross-modal retrieval capabilities, enables comprehensive hot-topic trend analysis, cross-modal information retrieval across the web, intelligent report generation, an intelligent radar engine, and intelligent dashboard analytics. Wisky is available via API, on-premises deployment, SaaS, and mobile experiences, allowing users to stay on top of global dynamics anytime, anywhere and helping enterprises sharpen their competitive edge in the era of mobile intelligence.

Wenge also unveiled the international version of Yoya, a multimodal (audio/video) content creation tool. Built on 33 leading multimodal capabilities—including video segmentation, image generation, video generation, video cataloging, digital humans/avatars, speech synthesis, and cross-modal retrieval—Yoya serves marketing, branding, and events use cases with agent-driven features such as one-click video creation from raw assets, multilingual video translation, image style transfer, and AI voice cloning. The tool is specially optimized for mobile, enabling users in Hong Kong and worldwide to create high-quality multimedia content on their phones and accelerating the adoption of AI mobile intelligence across creative industries.

Wenge further introduced a one-stop Agent development toolkit, offering a zero-code, enterprise-grade platform to address deployment challenges across industries. With this tool, users can rapidly build custom AI agents and leverage mobile technologies for real-time deployment and use, further strengthening Hong Kong’s position as a hub for AI mobile intelligence.

Through its partnership with Cherrypicks, Wenge will combine the strengths of both parties to build cutting-edge AI products for mobile scenarios—for example, integrating Wisky’s social listening with Yoya’s content creation capabilities—to develop mobile intelligent solutions tailored to Hong Kong’s multilingual and cross-border needs, serving a broader international client base and helping enterprises capture new opportunities in the age of intelligent mobility.

About NetDragon Websoft Holdings Limited   

NetDragon Websoft Holdings Limited (HKSE: 0777) is a global leader in building internet communities with a long track record of developing and scaling multiple internet and mobile platforms that impact hundreds of millions of users, including previous establishments of China’s first online gaming portal, 17173.com, and China’s most influential smartphone app store platform, 91 Wireless.    

Established in 1999, NetDragon is one of the most reputable and well-known online game developers in China with a history of successful game titles including Eudemons Online, Heroes Evolved, Conquer Online, and Under Oath. In the past 10 years, NetDragon has also achieved success with its online education business both domestically and globally, and its overseas education business entity, currently a U.S.-listed subsidiary named Mynd.ai, is a global leader in interactive technology and its award-winning interactive displays and software can be found in more than 1 million learning and training spaces across 126 countries.   

About Zhongke WengAI

Zhongke WengAI is a leading enterprise AI technology service provider founded in 2017. Incubated by the Institute of Automation, Chinese Academy of Sciences, the company focuses on next generation decision intelligence, achieving breakthroughs in core technologies such as multilingual understanding, cross modal semantics, and decision making in complex scenarios. The company has developed DIOS, a proprietary decision intelligence operating system, the Tianhu X Data AI data operating system, the YaYi multilingual large language model, and the Zhichuan X Agent platform driving large scale commercial adoption of general AI. The company is a domestic leader in AI for media communications, security, finance, and government affairs, and has served more than 1,000 government and enterprise clients.

The company has led or participated in multiple National Key R&D Programs and major national science and technology initiatives. Zhongke WengAI is recognized as a national level “Specialized and Sophisticated Little Giant” enterprise and has been selected to the Forbes China Top 50 AI Companies and the CCID Think Tank (under MIIT) China Top 20 AI Companies.

About Cherrypicks

Founded in 2000 and headquartered in Hong Kong, Cherrypicks is a subsidiary of NetDragon Websoft Holdings Limited (HKEX: 777). The company focuses on innovative technologies spanning smart cities, augmented reality, artificial intelligence, e‑wallets, and smart location services, and holds a leading position in the Asia‑Pacific region. Cherrypicks’ user experiences and solutions are at the forefront of the industry, and its patented and patent‑pending products have won more than 100 local and international awards representing Hong Kong and China on global stages. The company’s early startup story was featured as a Harvard Business School case study (No. N9‑807‑106).

Cherrypicks’ world‑class mobile innovation solutions are trusted by long‑term partners across banking, insurance, F&B, retail, property management, travel, and transportation.

For investor enquiries, please contact:   

NetDragon Websoft Holdings Limited  
Ms. Maggie Zhou
Senior Director of Investor Relations  
Email: maggiezhou@nd.com.hk  / ir@netdragon.com   
Website: ir.netdragon.com     

So-Young Reports Unaudited Second Quarter 2025 Financial Results

BEIJING, Aug. 15, 2025 /PRNewswire/ — So-Young International Inc. (Nasdaq: SY) (“So-Young” or the “Company”), the leading aesthetic treatment platform in China connecting consumers with online services and offline treatments, today announced its unaudited financial results for the second quarter ended June 30, 2025.

Second Quarter 2025 Financial Highlights

  • Total revenues were RMB378.7 million (US$52.9 million[1]), compared with RMB407.4 million in the corresponding period of 2024. The aesthetic treatment services revenues were RMB144.4 million (US$20.2 million), compared with RMB27.4 million in the corresponding period of 2024, exceeding the high end of guidance.
  • Net loss attributable to So-Young International Inc. was RMB36.0 million (US$5.0 million), compared with net income attributable to So-Young International Inc. of RMB18.9 million in the same period of 2024.
  • Non-GAAP net loss attributable to So-Young International Inc.[2] was RMB30.5 million (US$4.3 million), compared with non-GAAP net income attributable to So-Young International Inc. of RMB22.2 million in the same period of 2024.

Second Quarter 2025 Operational Highlights

  • The aggregate value of medical aesthetic treatment transactions facilitated by So-Young’s platform was RMB303.9 million, compared with RMB427.8 million in the same period of 2024.
  • Number of verified treatment visits to the branded aesthetic centers for the quarter reached over 67,400, compared with approximately 14,000 in the same period of 2024. The number of verified aesthetic treatments performed surpassed 154,500, compared with approximately 27,600 in the same period of 2024.
  • The number of active users, defined as those who visited branded aesthetic centers at least once during the 12-month period ended on June 30, 2025, exceeded 100,400, compared with approximately 16,000 users during the corresponding period in 2024.
  • As of June 30, 2025, So-Young had 29 fully operational branded aesthetic centers in nine major cities, including Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Chengdu, Wuhan, Chongqing and Changsha. Among them, 25 centers have achieved positive monthly operating cash flow. The following table shows the revenues generated by So-Young aesthetic centers, categorized by their phase of development:

Phase (The length of time
since establishment
)

Number of
Centers

Revenue
(RMB)

Average Revenue per
Center (RMB)

Ramp-up (0-3 months)

9

23,554,000

2,617,000

Growth (4-12 months)

14

89,644,000

6,403,000

Maturity (over 12 months)

6

31,192,000

5,199,000

  • The number of institutions So-Young served with supply chain solutions for injectables grew to over 1,600 as of June 30, 2025. Shipments of Elasty injectable products reached approximately 39,100 units in the second quarter of 2025, compared with 43,200 in the same period of 2024.

[1] This press release contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) solely for the convenience of the reader. Unless otherwise specified, all translations of Renminbi amounts into U.S. dollar amounts in this press release are made at RMB7.1636 to US$1.00, which was the U.S. dollars middle rate announced by the Board of Governors of the Federal Reserve System of the United States on June 30, 2025.

[2] Non-GAAP net income/(loss) attributable to So-Young International Inc. is defined as net income/(loss) attributable to So-Young International Inc. excluding share-based compensation expenses attributable to So-Young International Inc. See “Reconciliation of GAAP and Non-GAAP Results” at the end of this press release.

Mr. Xing Jin, Co-Founder and Chief Executive Officer of So-Young, commented, “During the second quarter, our branded aesthetic centers became the largest contributor to revenue for the first time, a significant milestone in our transformation strategy. With 29 aesthetic centers now in operation across China, we have solidified our position as the country’s leading light medical aesthetics brand. This achievement highlights the strength of our vertically integrated strategy and continued focus on offering standardized aesthetic services. Through ongoing operational enhancements, expanding portfolio of proprietary products, and brand-enhancing initiatives that deepen consumer engagement, we have substantially increased customer trust and loyalty. As we enter the next phase of growth, we are focused on further scaling our aesthetic center network and broadening our market presence, unlocking greater long-term value for customers, partners, and shareholders.”

Mr. Hui Zhao, Chief Financial Officer of So-Young, added, “In the second quarter, we saw further improvements in both the scale and quality of our aesthetic centers. With a target of operating 50 centers by year-end, our near-term financial results will continue to reflect ongoing investments to support the long-term sustainable growth and consolidate our market leading position.”

Second Quarter 2025 Financial Results

Revenues

Total revenues were RMB378.7 million (US$52.9 million), a decrease of 7.0% from RMB407.4 million in the same period of 2024. The decrease was primarily due to a decrease in the number of medical service providers subscribing to information services on So-Young’s platform.

  • Aesthetic treatment services[3] revenues were RMB144.4 million (US$20.2 million), an increase of 426.1% from RMB27.4 million in the same period of 2024. The increase was primarily due to the business expansion of the branded aesthetic centers.
  • Information and reservation services revenues were RMB135.2 million (US$18.9 million), a decrease of 35.6% from RMB209.7 million in the same period of 2024. The decrease was primarily due to a decrease in the number of medical service providers subscribing to information services on So-Young’s platform.
  • Sales of medical products and maintenance services were RMB76.0 million (US$10.6 million), a decrease of 28.1% from RMB105.8 million in the same period of 2024, primarily due to a decrease in the order volume of medical products.  
  • Other services revenues were RMB23.2 million (US$3.2 million), a decrease of 64.0% from RMB64.4 million in the same period of 2024, primarily due to a decrease in So-Young Prime. 

[3] Since the second quarter of 2025, in light of the better monitoring business development of branded aesthetic centers, the previous line item information services and others was separated into three line items, which are aesthetic treatment services, information services and other services. And the Company grouped the revenue generated from information services and reservation services, which is renamed as information and reservation services.

The revenue generated from aesthetic treatment services was previously reported in line item of information services and others. The revenue generated from information and reservation services and other services for the second quarter of 2024 have also been retrospectively updated. The amount reclassified from previous line item information services and others to aesthetic treatment services and information and reservation services is RMB27.4 million and RMB187.4 million for the second quarter of 2024, respectively.

 

Cost of Revenues

Cost of revenues was RMB184.6 million (US$25.8 million), an increase of 19.0% from RMB155.1 million in the second quarter of 2024. The increase was primarily due to business expansion of the branded aesthetic centers. Cost of revenues included share-based compensation expenses of RMB0.1 million (US$0.0 million), compared with RMB0.2 million in the corresponding period of 2024.

  • Cost of aesthetic treatment services were RMB109.4 million (US$15.3 million), an increase of 405.5% from RMB21.6 million in the second quarter of 2024. The increase was primarily due to the business expansion of the branded aesthetic centers.
  • Cost of information and reservation services[4] were RMB16.7 million (US$2.3 million), a decrease of 47.4% from RMB31.7 million in the second quarter of 2024. The decrease was in line with the decrease in revenue generated from information and reservation services.
  • Cost of medical products sold and maintenance services were RMB39.5 million (US$5.5 million), a decrease of 25.8% from RMB53.2 million in the second quarter of 2024. The decrease was primarily due to a decrease in costs associated with the sales of medical products.   
  • Cost of other services were RMB19.0 million (US$2.7 million), a decrease of 60.8% from RMB48.5 million in the second quarter of 2024. The decrease was primarily due to a decrease in costs associated with So-Young Prime.   

Operating Expenses

Total operating expenses were RMB241.3 million (US$33.7 million), a decrease of 1.8% from RMB245.6 million in the second quarter of 2024.

  • Sales and marketing expenses were RMB131.3 million (US$18.3 million), a decrease of 0.7% from RMB132.3 million in the second quarter of 2024. The decrease was primarily attributable to the decrease of payroll cost. Sales and marketing expenses included share-based compensation expenses of RMB0.6 million (US$0.1 million) in the second quarter of 2025, compared with RMB0.2 million in the corresponding period of 2024.
  • General and administrative expenses were RMB78.8 million (US$11.0 million), an increase of 11.3% from RMB70.8 million in the second quarter of 2024. The increase was primarily due to an increase in payroll costs associated with the expansion of administrative employees to support our business upgrade and new strategic businesses. General and administrative expenses included share-based compensation expenses of RMB4.3 million (US$0.6 million) in the second quarter of 2025, compared with RMB2.0 million in the corresponding period of 2024.
  • Research and development expenses were RMB31.2 million (US$4.4 million), a decrease of 26.6% from RMB42.5 million in the second quarter of 2024. The decrease was primarily attributable to improvements in staff efficiency. Research and development expenses included share-based compensation expenses of RMB0.5 million (US$0.1 million) in the second quarter of 2025, compared with RMB0.8 million in the corresponding period of 2024.  

[4] Since the second quarter of 2025, the previous line item cost of services and others was separated into three line items, which are cost of aesthetic treatment services, cost of information and reservation services and cost of other services. Cost of aesthetic treatment services primarily consists of expenditures relating to aesthetic treatment services in branded aesthetic centers, cost of information and reservation services primarily consists of expenditures relating to operation of platform business, and the remaining cost of services and others is reclassified into cost of other services. The cost of aesthetic treatment services, cost of information and reservation services and cost of other services for the second quarter of 2024 have also been retrospectively reclassified.

Income Tax (Expenses)/Benefits

Income tax expenses were RMB1.9 million (US$0.3 million), compared with income tax benefits of RMB2.6 million in the same period of 2024.

Net (Loss)/Income Attributable to So-Young International Inc.

Net loss attributable to So-Young International Inc. was RMB36.0 million (US$5.0 million), compared with a net income attributable to So-Young International Inc. of RMB18.9 million in the second quarter of 2024.

Non-GAAP Net (Loss)/Income Attributable to So-Young International Inc.

Non-GAAP net loss attributable to So-Young International Inc., which excludes the impact of share-based compensation expenses, was RMB30.5 million (US$4.3 million), compared with RMB22.2 million non-GAAP net income attributable to So-Young International Inc. in the same period of 2024.

Basic and Diluted (Loss)/Earnings per ADS

Basic and diluted loss per ADS attributable to ordinary shareholders were RMB0.35 (US$0.05) and RMB0.35 (US$0.05), respectively, compared with basic and diluted earnings per ADS attributable to ordinary shareholders of RMB0.18 and RMB0.18, respectively, in the same period of 2024.

Cash and Cash Equivalents, Restricted Cash and Term Deposits, Term Deposits and Short-Term Investments

As of June 30, 2025, cash and cash equivalents, restricted cash and term deposits, term deposits and short-term investments were RMB998.6 million (US$139.4 million), compared with RMB1,253.2 million as of December 31, 2024.

Business Outlook

For the third quarter of 2025, So-Young expects aesthetic treatment services revenues to be between RMB150.0 million (US$20.9 million) and RMB170.0 million (US$23.7 million), representing a 230.5% to 274.6% increase from the same period in 2024. The above outlook is based on the current market conditions and reflects the Company’s preliminary estimates of market and operating conditions, as well as customer demand, which are all subject to change.

Non-GAAP Financial Measures

To supplement the financial measures prepared in accordance with generally accepted accounting principles in the United States, or GAAP, this press release presents non-GAAP income/(loss) from operations and non-GAAP net income/(loss) attributable to So-Young International Inc. by excluding share-based compensation expenses from income/(loss) from operations and net income/(loss) attributable to So-Young International Inc., respectively. The Company believes these non-GAAP financial measures are important to help investors understand the Company’s operating and financial performance, compare business trends among different reporting periods on a consistent basis and assess the Company’s core operating results, as they exclude certain expenses that are not expected to result in cash payments. The use of the above non-GAAP financial measures has certain limitations. Share-based compensation expenses have been and will continue to be incurred in the future. All these are not reflected in the presentation of the non-GAAP financial measures, but should be considered in the overall evaluation of the Company’s results. The Company compensates for these limitations by providing the relevant disclosure of its share-based compensation expenses in the reconciliations to the most directly comparable GAAP financial measures, which should be considered when evaluating the Company’s performance. These non-GAAP financial measures should be considered in addition to financial measures prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP. Reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP financial measure is set forth at the end of this release.

Conference Call Information

So-Young’s management will hold an earnings conference call on Friday, August 15, 2025, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time). Dial-in details for the earnings conference call are as follows:

International:    

+1-412-902-4272

Mainland China:

4001-201203

US:   

+1-888-346-8982

Hong Kong:

+852-301-84992

Passcode:       

So-Young International Inc.

A telephone replay will be available two hours after the conclusion of the conference call through 23:59 U.S. Eastern Time, August 22, 2025. The dial-in details are:

International:       

+1-412-317-0088

US:  

+1-877-344-7529

Passcode:      

1137391

Additionally, a live and archived webcast of this conference call will be available at http://ir.soyoung.com.

About So-Young International Inc.

So-Young International Inc. (Nasdaq: SY) (“So-Young” or the “Company”) is the leading aesthetic treatment platform in China connecting consumers with online services and offline treatments. The Company provides access to aesthetic treatments through its online platform and branded aesthetic centers, offering curated treatment information, facilitating online reservations, delivering high-quality treatments, and developing, producing and distributing optoelectronic medical equipment and injectable products. With its strong brand recognition, digital reach, affordable treatments and efficient supply chain, So-Young is well-positioned to serve its audience over the long term and grow along the medical aesthetic value chain.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Financial Guidance and quotations from management in this announcement, as well as So-Young’s strategic and operational plans, contain forward-looking statements. So-Young may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, 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. Statements that are not historical facts, including but not limited to statements about So-Young’s beliefs and expectations, are forward-looking statements. Forward looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: So-Young’s strategies; So-Young’s future business development, financial condition and results of operations; So-Young’s ability to retain and increase the number of users and medical service providers, and expand its service offerings; competition in the online medical aesthetic service industry; changes in So-Young’s revenues, costs or expenditures; Chinese governmental policies and regulations relating to the online medical aesthetic service industry, general economic and business conditions globally and in China; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and So-Young undertakes no duty to update such information, except as required under applicable law.

For more information, please contact:

So-Young

Investor Relations
Ms. Mona Qiao
Phone: +86-10-8790-2012
E-mail: ir@soyoung.com

Christensen

In China
Ms. Charlie Chi
Phone: +86-10-5900-1548
E-mail: charlie.chi@christensencomms.com

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

 

SO-YOUNG INTERNATIONAL INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

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

 

As of

 

December 31,

 

June 30,

 

June 30,

2024

2025

2025

 

RMB

 

RMB

 

US$

Assets

         

Current assets:

         

Cash and cash equivalents

587,749

 

380,907

 

53,173

Restricted cash and term deposits

66,367

 

84,996

 

11,865

Trade receivables

98,774

 

78,199

 

10,916

Inventories

151,754

 

242,415

 

33,840

Receivables from online payment platforms

24,255

 

23,218

 

3,241

Amounts due from related parties

1,218

 

2,620

 

366

Term deposits and short-term investments

599,041

 

532,696

 

74,361

Prepayment and other current assets

195,202

 

250,557

 

34,976

Total current assets

1,724,360

 

1,595,608

 

222,738

Non-current assets:

         

Long-term investments

280,281

 

277,642

 

38,757

Intangible assets

126,615

 

126,561

 

17,667

Goodwill

684

 

684

 

95

Property and equipment, net

155,352

 

196,252

 

27,396

Deferred tax assets

84,950

 

83,805

 

11,699

Operating lease right-of-use assets

162,764

 

196,677

 

27,455

Other non-current assets

200,152

 

172,937

 

24,141

Total non-current assets

1,010,798

 

1,054,558

 

147,210

Total assets

2,735,158

 

2,650,166

 

369,948

           

Liabilities

         

Current liabilities:

         

Short-term borrowings

69,771

 

59,801

 

8,348

Taxes payable

61,862

 

46,623

 

6,508

Contract liabilities

76,579

 

70,362

 

9,822

Salary and welfare payables

111,396

 

58,883

 

8,220

Amounts due to related parties

477

 

569

 

79

Accrued expenses and other current liabilities

265,216

 

330,237

 

46,101

Operating lease liabilities-current

44,905

 

58,649

 

8,187

Total current liabilities

630,206

 

625,124

 

87,265

Non-current liabilities:

         

Operating lease liabilities-non current

125,200

 

145,238

 

20,274

Deferred tax liabilities

19,758

 

17,973

 

2,509

Other non-current liabilities

1,264

 

1,736

 

242

Total non-current liabilities

146,222

 

164,947

 

23,025

Total liabilities

776,428

 

790,071

 

110,290

 

 

SO-YOUNG INTERNATIONAL INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)

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

Shareholders equity:

         

Treasury stock

(376,690)

 

(391,944)

 

(54,713)

Class A ordinary shares (US$0.0005 par value; 750,000,000
   shares authorized as of December 31, 2024 and June 30,
   2025; 77,897,969 and 65,659,510 shares issued and
   outstanding as of December 31, 2024, 78,328,240 and
   64,400,914 shares issued and outstanding as of June 30,
   2025, respectively)

253

 

254

 

35

Class B ordinary shares (US$0.0005 par value; 20,000,000
   shares authorized as of December 31, 2024 and June 30,
   2025; 12,000,000 shares issued and outstanding as of
   December 31, 2024 and June 30, 2025)

37

 

37

 

5

Additional paid-in capital

3,069,799

 

3,057,951

 

426,873

Statutory reserves

40,552

 

40,552

 

5,661

Accumulated deficit

(926,390)

 

(995,567)

 

(138,976)

Accumulated other comprehensive income

31,560

 

27,977

 

3,905

Total So-Young International Inc. shareholdersequity

1,839,121

 

1,739,260

 

242,790

Non-controlling interests

119,609

 

120,835

 

16,868

Total shareholders’ equity

1,958,730

 

1,860,095

 

259,658

Total liabilities and shareholders equity

2,735,158

 

2,650,166

 

369,948

 

 

SO-YOUNG INTERNATIONAL INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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

 

For the Three Months Ended

 

For the Six Months Ended

 

June 30,
2024

 

June 30,
2025

 

June 30,
2025

 

June 30,
2024

 

June 30,
2025

 

June 30,
2025

 
 

RMB

 

RMB

 

US$

 

RMB

 

RMB

 

US$

 
                         

Revenues:

                       

Aesthetic treatment services

27,444

 

144,390

 

20,156

 

42,615

 

243,217

 

33,952

 

Information and reservation services

209,734

 

135,172

 

18,869

 

386,109

 

256,797

 

35,847

 

Sales of medical products and maintenance services

105,808

 

76,036

 

10,614

 

192,278

 

131,626

 

18,374

 

Other services

64,394

 

23,150

 

3,232

 

104,660

 

44,378

 

6,195

 

Total revenues

407,380

 

378,748

 

52,871

 

725,662

 

676,018

 

94,368

 

Cost of revenues:

                       

Cost of aesthetic treatment services

(21,637)

 

(109,370)

 

(15,267)

 

(34,032)

 

(189,634)

 

(26,472)

 

Cost of information and reservation services

(31,744)

 

(16,705)

 

(2,332)

 

(63,261)

 

(40,002)

 

(5,584)

 

Cost of medical products sold and maintenance services

(53,198)

 

(39,491)

 

(5,513)

 

(96,291)

 

(69,916)

 

(9,760)

 

Cost of other services

(48,472)

 

(18,992)

 

(2,651)

 

(78,782)

 

(36,421)

 

(5,084)

 

Total cost of revenues

(155,051)

 

(184,558)

 

(25,763)

 

(272,366)

 

(335,973)

 

(46,900)

 

Gross profit

252,329

 

194,190

 

27,108

 

453,296

 

340,045

 

47,468

 

Operating expenses:

                       

Sales and marketing expenses

(132,308)

 

(131,333)

 

(18,333)

 

(245,564)

 

(229,209)

 

(31,996)

 

General and administrative expenses

(70,799)

 

(78,786)

 

(10,998)

 

(155,752)

 

(138,070)

 

(19,274)

 

Research and development expenses

(42,498)

 

(31,177)

 

(4,352)

 

(82,089)

 

(63,286)

 

(8,834)

 

Total operating expenses

(245,605)

 

(241,296)

 

(33,683)

 

(483,405)

 

(430,565)

 

(60,104)

 

Income/(Loss) from operations

6,724

 

(47,106)

 

(6,575)

 

(30,109)

 

(90,520)

 

(12,636)

 

Other income/(expenses):

                       

Investment income, net

788

 

884

 

123

 

2,887

 

99

 

14

 

Interest income, net

11,718

 

7,948

 

1,109

 

24,031

 

14,973

 

2,090

 

Exchange gains

16

 

701

 

98

 

410

 

726

 

101

 

Share of losses of equity method investee

(3,733)

 

(1,012)

 

(141)

 

(7,729)

 

(3,454)

 

(482)

 

Others, net

2,039

 

5,663

 

791

 

5,319

 

10,497

 

1,465

 

Income/(Loss) before tax

17,552

 

(32,922)

 

(4,595)

 

(5,191)

 

(67,679)

 

(9,448)

 

Income tax benefits/(expenses)

2,571

 

(1,877)

 

(262)

 

5,128

 

(272)

 

(38)

 

Net income/(loss)

20,123

 

(34,799)

 

(4,857)

 

(63)

 

(67,951)

 

(9,486)

 

Net income attributable to noncontrolling interests

(1,182)

 

(1,240)

 

(173)

 

(2,236)

 

(1,226)

 

(171)

 

Net income/(loss) attributable to So-Young International Inc.

18,941

 

(36,039)

 

(5,030)

 

(2,299)

 

(69,177)

 

(9,657)

 

 

 

SO-YOUNG INTERNATIONAL INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Continued)

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

 

For the Three Months Ended

 

For the Six Months Ended

 
 

June 30,
2024

 

June 30,
2025

 

June 30,
2025

 

June 30,
2024

 

June 30,
2025

 

June 30,
2025

 

RMB

 

RMB

 

US$

 

RMB

 

RMB

 

US$

                       

Net earnings/(loss) per ordinary share

                     

Net earnings/(loss) per ordinary share attributable to ordinary shareholder –
   basic

0.24

 

(0.46)

 

(0.06)

 

(0.03)

 

(0.88)

 

(0.12)

Net earnings/(loss) per ordinary share attributable to ordinary shareholder –
   diluted

0.24

 

(0.46)

 

(0.06)

 

(0.03)

 

(0.88)

 

(0.12)

Net earnings/(loss) per ADS attributable to ordinary shareholders – basic (13
   ADS represents 10 Class A ordinary shares)

0.18

 

(0.35)

 

(0.05)

 

(0.02)

 

(0.68)

 

(0.09)

Net earnings/(loss) per ADS attributable to ordinary shareholders – diluted (13
   ADS represents 10 Class A ordinary shares)

0.18

 

(0.35)

 

(0.05)

 

(0.02)

 

(0.68)

 

(0.09)

Weighted average number of ordinary shares used in computing
   earnings/(loss) per share, basic*

79,586,926

 

77,826,404

 

77,826,404

 

79,569,190

 

78,194,634

 

78,194,634

Weighted average number of ordinary shares used in computing
   earnings/(loss) per share, diluted*

79,899,412

 

77,826,404

 

77,826,404

 

79,569,190

 

78,194,634

 

78,194,634

                       

Share-based compensation expenses included in:

                     

Cost of revenues

(229)

 

(124)

 

(17)

 

(174)

 

(154)

 

(21)

Sales and marketing expenses

(184)

 

(598)

 

(83)

 

(237)

 

(728)

 

(102)

General and administrative expenses

(2,015)

 

(4,286)

 

(598)

 

(26,468)

 

(5,690)

 

(794)

Research and development expenses

(817)

 

(487)

 

(68)

 

(1,660)

 

(580)

 

(81)

                         

*   Both Class A and Class B ordinary shares are included in the calculation of the weighted average number of ordinary shares outstanding, basic and diluted.

 

 

SO-YOUNG INTERNATIONAL INC.

Reconciliation of GAAP and Non-GAAP Results

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

 

For the Three Months Ended

 

For the Six Months Ended

 

June 30,

2024

 

June 30,

2025

 

June 30,
2025

 

June 30,
2024

 

June 30,
2025

 

June 30,
2025

 
 

RMB

 

RMB

 

US$

 

RMB

 

RMB

 

US$

 
                         

GAAP income/(loss) from operations

6,724

 

(47,106)

 

(6,575)

 

(30,109)

 

(90,520)

 

(12,636)

 

Add back: Share-based compensation expenses

3,245

 

5,495

 

766

 

28,539

 

7,152

 

998

 

Non-GAAP income/(loss) from operations

9,969

 

(41,611)

 

(5,809)

 

(1,570)

 

(83,368)

 

(11,638)

 
                         
                         

GAAP net income/(loss) attributable to So-Young International Inc.

18,941

 

(36,039)

 

(5,030)

 

(2,299)

 

(69,177)

 

(9,657)

 

Add back: Share-based compensation expenses

3,245

 

5,495

 

766

 

28,539

 

7,152

 

998

 

Non-GAAP net income/(loss) attributable to So-Young International Inc.

22,186

 

(30,544)

 

(4,264)

 

26,240

 

(62,025)

 

(8,659)

 

 

 

Mureka V7.5 Goes Live: Elevating AI Music Creation to New Heights

SINGAPORE, Aug. 15, 2025 /PRNewswire/ — The SkyWork AI Technology Release Week officially kicked off on August 11. From August 11 to August 15, one new model was launched each day for five consecutive days, covering cutting-edge models for core multimodal AI scenarios.

As of now, Skywork has already launched the SkyReels-A3, Matrix-Game 2.0, Matrix-3D, Skywork UniPic 2.0, and Skywork Deep Research Agent models. On August 15, the Mureka V7.5 model was officially launched, marking the successful conclusion of the SkyWork AI Technology Release Week.

Mureka V7.5 has reached new heights in its interpretation of Chinese songs. The model demonstrates significant improvements not only in vocal timbre and instrumental techniques but also in lyric articulation and emotional expression.

First, building on its robust understanding of Chinese musical styles and elements, Mureka’s comprehension model delivers profound insights — spanning traditional folk songs, operatic pieces, classic Mandopop hits, and contemporary folk music. This deep mastery of musical diversity and cultural nuances allows the model to precisely capture and express the unique artistic essence and emotional subtleties in both interpretation and generation of Chinese music.

Second, to achieve more authentic and emotionally expressive AI-generated vocals, we have significantly enhanced our ASR technology, tailoring it to musical characteristics and establishing it as a powerful complement to our comprehension module. This technology analyzes vocal performances at a granular level, going beyond basic lyric recognition to examine performance techniques including breath control, emotional dynamics, and articulation nuances. By intelligently parsing musical phrases, detecting natural breathing points, and identifying structural pauses – while maintaining precise section recognition – it delivers synthesized vocals with unprecedented structural coherence and perceptual realism.

The captured high-resolution vocal data is fed back into the generative model, significantly enhancing the synthesized vocals’ naturalness, breath realism, and emotional expressiveness while reducing mechanical artifacts. This enables AI-generated songs to achieve human-like fluidity — particularly when reproducing the distinctive rhythmic phrasing and breath control unique to Chinese vocal music.

This unique combination of culturally-informed expertise and our song-optimized ASR technology’s granular insights constitutes our definitive competitive advantage in Chinese music generation.

Mureka V7.5 not only “understands” melodic and rhythmic production requirements but also deeply interprets and replicates the nuanced emotions and artistic expressions inherent to different cultural contexts — especially Chinese music. This capability provides a robust technical foundation for generating music that is both culturally authentic and aesthetically compelling, balancing artistic depth with lifelike realism.

For voice models, the Skywork voice team has launched MoE-TTS — the first Mixture-of-Experts-based character-descriptive text-to-speech framework.

As a novel TTS framework specialized for out-of-domain descriptions, this technology enables precise control over vocal characteristics via natural language inputs (e.g., “a crystal-clear youthful voice with magnetic vocal fry”). Despite using only open-source training data, it achieves character voice consistency on par with or superior to proprietary commercial systems.

In recent years, descriptive TTS has demonstrated significant potential across virtual assistants, audio content creation, and digital humans. However, academic research has long been constrained by scarce description datasets and poor model generalization to open-domain semantics. These limitations frequently lead to mismatched vocal outputs — particularly when interpreting figurative language such as metaphors or analogies.

The introduction of MoE-TTS presents a promising solution to this core challenge. The framework innovatively integrates a pre-trained textual large language model (LLM) with specialized speech expert modules, employing dedicated experts for each modality. Its transformer architecture incorporates novel modality routing that enables independent optimization of text and voice pathways without interference. While keeping text parameters frozen, the framework achieves efficient cross-modal alignment, thereby delivering generalization capabilities with “zero knowledge degradation.”


In comprehensive evaluations spanning both in-domain and out-of-domain description test sets, MoE-TTS was benchmarked against leading proprietary TTS models across six dimensions. Results reveal MoE-TTS’s statistically significant advantages in acoustic control metrics — particularly Stylistic Expressiveness Alignment (SEA) and Overall Alignment (OA) — with these precision gains directly explaining its superior performance in complex linguistic description matching.

The release of MoE-TTS provides academia with the first reproducible out-of-domain TTS solution while conclusively demonstrating the efficacy of modality-decoupled architectures with frozen knowledge transfer in speech synthesis. This breakthrough marks a critical step toward transitioning the industry from “closed-label control” systems to “natural language free-form control” — a paradigm shift that will redefine user experiences across digital humans, virtual assistants, and immersive content creation platforms.

MoE-TTS is currently under active iteration, with plans to integrate it into the Mureka-Speech platform as a foundational model for character voice synthesis. This will provide global developers and creators with open, efficient, and customizable descriptive speech synthesis capabilities.

Experience the all-new V7.5 Model
Unlock infinite possibilities in music creation!

Try it now: www.mureka.ai

Tropical Storm LingLing Triggers Flood Warning in Laos

This photo is for representational purpose only.

The Department of Meteorology and Hydrology has issued a flood warning for multiple provinces in Laos from 16 to 19 August, due to the formation of Tropical Depression LingLing. 

According to the forecast, a mass of hot air over southern China, the northern South China Sea, and Taiwan is expected to cause a low-pressure system to strengthen into a tropical depression on 16 August. 

By 17 August, it will intensify into Tropical Storm LingLing and move toward the central South China Sea near central Vietnam.

As a result, Laos will see widespread rainfall ranging from light to moderate, with heavy to very heavy rain in some areas and strong winds in certain localities.

Specially, on 16-17 August, Vientiane Capital, Vientiane Province, Xaysomboun, Bolikhamxay, Khammouane, Savannakhet, Salavanh, Champasack, Sekong, and Attapeu may experience significant downpours and gusty winds. 

Then, on 18-19 August, rain is expected to spread to Phongsaly, Houaphanh, Xieng Khouang, Oudomxay, Bokeo, Luang Namtha, Luang Prabang, Xayabouly, Vientiane Capital, Xaysomboun, Vientiane Province, Bolikhamxay, Khammouane, and Savannakhet.

Authorities have identified areas with particularly high flood risk across Laos. 

In the northern region, the most vulnerable districts include Phongsaly (Samphanh, Khua, Bun Neua, Bun Tai), Bokeo (Merng, Paktha, Pha Oudom), Luang Namtha (Luang Namtha, Viengphoukha), Houaphanh (Xon, Hiam, Et, Xiengkhor, Sobbao, Kavanh), Xieng Khouang (Khoun, Phou Kout, Mokmai, Paek, Kham, Nong Het, Souy), Luang Prabang (Nan, Phonthong, Viengkham, Nam Bak, Xieng Ngeun), and Xayabouly (Xayabouly, Boten, Paklay).

In central, districts at high risk include Vientiane Province (Kasi, Vang Vieng, Xanakham), Xaysomboun (Thathom, Hom, Longsan, Anouvong), Bolikhamxay (Khamkeut, Bolikhan, Viengthong, Xaychamphone, Thaphabat), and Khammouane (Nakai, Yommalath, Boualapha, Xaybuathong, Khounkham).

Meanwhile, in southern Laos, the districts of Salavanh (Samouay, Ta-Oy), Sekong (Kaleum, Dakcheung), and Attapeu (Sanxay, Phouvong) are considered particularly vulnerable.

Authorities urge residents and officials to stay alert for heavy rain that may cause floods and to follow updates.

Vantage Foundation Partners with Blue Dragon Children’s Foundation to Protect Children and Prevent Human Trafficking

HANOI, Vietnam, Aug. 15, 2025 /PRNewswire/ — Vantage Foundation has strengthened its commitment to child protection through Blue Dragon Children’s Foundation in Vietnam. The collaboration focuses on rescuing children from trafficking and exploitation, providing them with safety, education, and a pathway to a brighter future.

Vantage Foundation Partners with Blue Dragon Children’s Foundation to Protect Children and Prevent Human Trafficking
Vantage Foundation Partners with Blue Dragon Children’s Foundation to Protect Children and Prevent Human Trafficking

Blue Dragon is widely recognized for its holistic approach: rescuing children from danger and providing them with long-term support while preventing trafficking through education and outreach. Many at-risk youths come from rural areas seeking work in cities, where they face heightened vulnerability to traffickers’ false promises. Blue Dragon works with schools and communities to keep kids in school, teaches them to stay safe from trafficking, and empower families to protect their children.

“Traffickers prey on hope,” said Michael Brosowski, Founder of Blue Dragon. “When families are informed, that hope becomes strength, not weakness.”

During a recent visit to Blue Dragon’s center in Hanoi, Vantage Foundation volunteers connected directly with the children and staff. The team helped prepare and shared meals with children at the center, creating moments of joy, encouragement, and connection.

“These moments are a reminder that healing often begins with something as simple as a shared meal and a kind word,” said Steven Xie, Executive Director of Vantage Foundation.

Beyond rescue, Blue Dragon provides free education to homeless and underprivileged children, helping them catch up academically and reintegrate into mainstream schooling. Vantage Foundation supports the expansion of these programs, ensuring more children can access safety, education, and long-term support.

“We believe lasting change starts with dignity and opportunity,” added Steven Xie. “Blue Dragon’s holistic, human-centered approach is deeply inspiring, and we are honored to be able to make a difference.”

With this collaboration, Vantage Foundation reaffirms its commitment to protecting vulnerable children, preventing human trafficking, and building safer communities. The partnership reflects a shared vision: that every child deserves the chance to grow up free from exploitation, with the tools and opportunities to thrive.

Vantage Foundation

Vantage Foundation is an independent charitable organization launched at the McLaren Technology Centre in the UK in 2023. The foundation has partnered with organisations worldwide, including Grab Indonesia, the iREDE Foundation in Nigeria, Teach for Malaysia, and Instituto Claret in Brazil, to drive impactful social initiatives.

For more information, please visit www.vantage.foundation

51Talk Online Education Group to Present at Sidoti Virtual Investor Conference on August 20-21, 2025

SINGAPORE, Aug. 15, 2025 /PRNewswire/ — 51Talk Online Education Group (NYSE American: COE) announced Mr. David Chung, the Company’s Investor Relations Vice President, will present and host one-on-one meetings with investors at the Sidoti August Virtual Investor Conference, taking place on August 20-21, 2025.

The presentation will begin at 8:30 a.m. ET on August 20, 2025 and can be accessed live here: https://sidoti.zoom.us/webinar/register/WN_3aUxJgJvTKePjJM9GQk-Ew. 51Talk Online Education Group will also host virtual one-on-ones with investors on Wednesday and Thursday, August 20-21, 2025. To register for the presentation or one-on-ones, visit www.sidoti.com/events. Registration is free and you don’t need to be a Sidoti client.

About Sidoti Events, LLC (“Events”) and Sidoti & Company, LLC (“Sidoti”)

In 2023, Sidoti & Company, LLC, Sidoti & Company, LLC (www.sidoti.com) formed an affiliate company, Sidoti Events, LLC in order to focus exclusively on its rapidly growing conference business and to more directly serve the needs of presenters and attendees. The relationship allows Events to draw on the over 25 years of experience Sidoti has as a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $200 million$5 billion market cap range. Sidoti’s coverage universe comprises approximately 150 equities, of which almost 70 percent participate in the firm’s rapidly growing Company Sponsored Research (“CSR”) and Lighthouse Equity Research (“Lighthouse”) programs. Events is a leading provider of corporate access through the many investor conferences it hosts each year. By virtue of its direct ties to Sidoti, Events benefits from Sidoti’s small- and microcap-focused nationwide sales force, which has connections with over 2,500 institutional relationships in North America.  This enables Events to provide multiple forums for meaningful interaction for small and microcap issuers and investors specifically interested in companies in the sector.

About 51Talk Online Education Group:

51Talk Online Education Group (NYSE American: COE) is a global online education platform with core expertise in English education. The Company’s mission is to make quality education accessible and affordable. The Company’s online and mobile education platforms enable students to take live interactive English lessons on demand. The Company connects its students with highly qualified teachers using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.

INVESTOR CONTACTS:

51Talk Online Education Group
David Chung
Investor Relations Vice President
davidchung@51talk.com

 

Hisense Unveils the TriChroma Laser TV L9Q as a New Standard in Home Cinema

QINGDAO, China, Aug. 15, 2025 /PRNewswire/ — Hisense, a leading brand in global consumer electronics and home appliances, has officially launched the Hisense TriChroma Laser TV L9Q, redefining home entertainment with superior brightness, immersive sound, and space-efficient design.


The L9Q features 5000 ANSI Lumens of brightness and a 5000:1 contrast ratio, producing incredibly vivid images with deep blacks and sharp detail—even in bright rooms. With precision light control and vibrant color accuracy from triple laser technology, every frame comes alive with cinematic intensity.

Designed to fit any lifestyle, the L9Q supports projection sizes from 80″ to 200″, turning any space into a personal theatre. Hisense also provides a paired solution with an Ambient Light Rejection (ALR) screen, available in optional sizes of 100″, 110″, 120″, 139″, and 150″, delivering crystal-clear images in any lighting condition.

Certified with IMAX Enhanced and supporting Dolby Vision, the L9Q offers visuals remastered for extraordinary clarity and scale. Whether enjoying the latest blockbuster or streaming a series, viewers can expect studio-grade immersion.

For audio, the L9Q features an exclusive Opéra de Paris | Devialet edition. Its 6.2.2 channel speaker system with Dolby Atmos creates rich, multidimensional sound that fills the room—perfect for movies and music.

Its Ultra Short Throw (0.18 TR) design allows large-screen projection from just inches away, eliminating the need for complex setups or large spaces. But beyond technical performance, the L9Q also stands out in design. Inspired by the circular light structure of the Royal Opera House and the acoustic chambers of Roman theatres, it reflects Hisense’s philosophy of “Timeless Artistry Meets Dynamic Technology.” This iconic design has earned the 2024 Red Dot and 2025 iF Design Awards, elevating the home cinema experience in form and function.


According to Omdia Q1 2025 data, Hisense ranked No.1 globally in Laser TV volume share (69.6%), extending its leadership for six consecutive years. As Hisense’s most advanced laser model, the L9Q reflects Hisense’s vision to help users Own the Moment—transforming everyday experiences, from family movie nights to solo concerts and game-day thrills, into unforgettable memories.

The L9Q will be coming soon to key markets worldwide, including the United States, Canada, Germany etc. in Q3. Release dates, price, and availability will be determined by local markets in the weeks to come so please stay tuned.

About Hisense

Hisense, founded in 1969, is a globally recognized leader in home appliances and consumer electronics with operations in over 160 countries, specializing in delivering high-quality multimedia products, home appliances, and intelligent IT solutions. According to Omdia, Hisense ranks No. 1 globally in the 100-inch and over TV segment (2023- Q12025). As the first official partner of the FIFA Club World Cup 2025™, Hisense is committed to global sports partnerships as a way to connect with audiences worldwide.