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Changan’s “Vast Ocean Plan” Accelerates – A New Era in Global Service Leadership


BANGKOK, THAILAND – Media OutReach Newswire – 28 August 2025 – “Skills beyond borders, service beyond boundaries” – On August 27-28, 2025, ChangAn Automobile successfully hosted its 1st Global Service Skills Competition in Bangkok, Thailand. The event brought together 45 contestants from 19 countries to demonstrate expertise across three key disciplines: service contest, engine mechanical troubleshooting, and vehicle electrical system troubleshooting – a comprehensive showcase of ChangAn’s professional service capabilities and talent development on the global stage.

Changan’s "Vast Ocean Plan" Accelerates – A New Era in Global Service Leadership
Changan’s “Vast Ocean Plan” Accelerates – A New Era in Global Service Leadership

As the first global service skills competition organized by a Chinese auto brand, this landmark event not only demonstrated ChangAn’s worldwide service strength, but also marked a strategic advancement of its “Vast Ocean Plan”, the company’s initiative driving globalization. Through talent development and localized integration, ChangAn is building a robust overseas service network, committed to delivering reliable, professional, and customer-centric experiences worldwide.

From January to July 2025, ChangAn recorded 1,565,860 vehicle sales, a 4.07% year-on-year increase of, including 348,825 overseas deliveries, up 34.5% year-on-year. This robust global growth is underpinned by ChangAn’s sustained development of its service infrastructure. In 2024, ChangAn launched its global user brand label “withU” and accelerated its overseas “ChangAn Premium Service Experience”, establishing an integrated “One Network, Three Systems” service framework. This includes 14,000+ global service outlets, 5 global central warehouses, 82 national warehouses, 4 overseas call centers and the pilot-operated “Super Three-Electric Repair Centers”. Notably, ChangAn has been listed in BrandZ Chinese Global Brand Builders for two consecutive years.

By promoting the efficient integration of “ChangAn Standards” and “local needs,” ChangAn ensures that its service experiences are both globally consistent and locally attentive. In doing so, ChangAn has created a new model for corporate service standards and set a new benchmark for service development in the industry.

Looking ahead, ChangAn remains committed to refining its full-cycle customer service ecosystem while upholding its philosophy — “Advanced technology builds exceptional products; premium service creates memorable experiences”, to jointly shape the future of mobility with global users.

Hashtag: #Changan

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

TWOPAGES Announces Top Six Finalists for TWOPAGES X Design Contest 2025

SPOKANE, Wash., Aug. 28, 2025 /PRNewswire/ — TWOPAGES Curtains, a provider of high-quality, stylish custom window treatments, has revealed the six standout finalists of the TWOPAGES X Design Contest 2025, highlighting the power of co-creation in shaping the future of home aesthetics. These designs, now entering the co-development phase with the brand, reflect not only artistic vision but also the value of collaboration between emerging talent and global platforms.

Image Source: TWOPAGES X Design Contest
Image Source: TWOPAGES X Design Contest

The selected works span cultures, eras, and inspirations, each one demonstrating a unique approach to pattern design.

Sabrina Ramkhelawan‘s submission drew inspiration from Southern California’s multicultural landscape, blending historical traditions with contemporary living. Judges noted that her take on block printing had broad appeal and carried a distinctive freshness.

Rebecca Hughes contributed the Heritage Edit, a nostalgic collection that drew inspiration from vintage craftsmanship and the quiet charm of hand-touched artistry.

Leah Nicole Designs‘ entry was a celebration of the natural world, incorporating motifs of bees, hydrangeas, daisies, and intricate leaves. The detail and vibrancy of her work underscored the design’s role in honoring everyday beauty.

Kim Morrow drew attention with Western Plaid and Prairie Echo. The first reimagines a familiar motif through tonal layering and subtle woven effects, while the latter reflects the growing appetite for freeform design. Jurors praised her plaids as among the strongest in the competition, while also noting the importance of cultural sensitivity in motif selection. The color palette, described as rich and distinctly Modern Americana, further distinguished her submission.

Kate Frost‘s Dragonflies & Water Lilies captured the shimmering ephemerality of a summer river walk through delicate block printing, paying homage to nature’s fleeting beauty.

Jyll Mackie presented a modern interpretation of Indian block prints, weaving stripes into an earthy, organic palette. Her work stood out for its ability to balance tradition with contemporary sensibility.

Image Source: TWOPAGES X Design Contest
Image Source: TWOPAGES X Design Contest

A Global Contest Turning Creativity into Market-ready Designs

The TWOPAGES X Design Contest 2025 itself was conceived as part of TWOPAGES’s 10th anniversary, underscoring the company’s long-standing commitment to quality and innovation while embracing a more collaborative model. Open to all and free to enter, the competition respected the rights of its creators while offering them the opportunity to see their designs transition from concept to production.

The judging panel brought credibility and expertise to the process.

Image Source: TWOPAGES X Design Contest
Image Source: TWOPAGES X Design Contest

Among the 2025 jurors were Bonnie Christine, an internationally recognized surface pattern designer and educator, and Hema Persad, founder of Sagrada Studio and a celebrity interior designer known for weaving cultural influences into modern interiors. Each entry was reviewed through a weighted system that balanced innovation, market potential, and production feasibility.

Beyond monetary recognition, finalists will gain exposure through TWOPAGES’s extensive platforms, including features across digital channels and international press. The six winning designs, along with a Public Favorite, will transition into market-ready products, delivering not only creative visibility but also tangible commercial outcomes for their creators.

“For TWOPAGES, the contest demonstrates the value of cross-border creativity and the possibilities of co-design as a development model,” said Ray Chen, Founder of TWOPAGES. By integrating designers into the process, the brand highlights an evolving ecosystem where diverse talent and commercial platforms converge.

Looking ahead, the contest’s journey continues with an offline celebration scheduled for late October. The event will bring together designers, media, and industry partners, offering a glimpse into prototypes and mood boards that preview what lies ahead. Later in the year, the co-design collection born from this contest will be officially launched for the fall and winter season, marking both a commercial milestone and a symbolic start to TWOPAGES’s next decade.

About TWOPAGES Curtains

Founded in 2015 with a mission to revolutionize the window treatment industry, TWOPAGES Curtains has become a leader in providing high-quality, customizable solutions that simplify the shopping experience. With a focus on transparency, innovation, and customer satisfaction, TWOPAGES continues to set the standard for excellence in the industry.

Stay updated with TWOPAGES’ latest information. Please visit:

Website: https://twopagescurtains.com/
Instagram: https://www.instagram.com/twopagescurtains/   

Mastercard and Infosys Collaborate to Scale Cross-border Payments

Strategic collaboration will streamline onboarding for financial institutions and strengthen access to Mastercard Move, Mastercard’s portfolio of money movement capabilities

BENGALURU, India, Aug. 28, 2025 /PRNewswire/ — Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next generation digital services and consulting, announced a strategic collaboration with Mastercard to offer financial institutions enhanced access to Mastercard Move, its portfolio of money movement capabilities.

The solution’s seamless integration with Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys, will play a key role in creating an efficient pathway for financial institutions to access Mastercard Move’s cross-border capabilities in a fraction of the typical implementation time and without the intensive resourcing traditionally needed for integration projects.

Mastercard Move provides direct disbursers, banks, non-bank financial institutions and their customers with fast, secure money transfer solutions, both domestically and internationally. The portfolio of solutions reaches more than 200 countries and 150+ currencies, with access to more than 95 percent of the world’s banked population.

Pratik Khowala, EVP and Global Head of Transfer Solutions, Mastercard, said, “Through Mastercard Move’s cutting-edge solutions, we empower individuals and organizations to move money quickly and securely across borders. The strategic collaboration with Infosys provides financial institutions with easy access to these capabilities, enabling them to facilitate fast, secure and reliable cross-border payments for their customers while enhancing control of risk, operations, costs and liquidity for themselves. Together with Infosys, we’re helping financial institutions deliver the seamless digital payments experiences today’s customers expect.”

Anouska Ladds, Executive Vice President, Commercial & New Payment Flows, Asia Pacific, Mastercard, said, “Global remittances continue to grow, driven by migration, digitalization and economic development – especially across Asia, which accounted for nearly half of global inflows in 2024. To meet this demand, Mastercard invests in smart money movement solutions within Mastercard Move while expanding our network of collaborators, such as Infosys, to bring the benefits to a more diverse set of users. We are committed to identifying innovative ways to increase access and truly scale the reach of remittance services and our broader portfolio of commercial payments solutions.”

Dennis Gada, EVP and Global Head of Banking and Financial Services, Infosys, said, “Financial institutions are prioritizing advancements in digital payment systems. The frequency of daily transactions makes it a primary touchpoint with customers — and the key to building long-term loyalty. Consumers gravitate toward institutions that offer fast, secure and seamless transaction experiences. Our collaboration with Mastercard to enable near real-time, cross-border payments is designed to significantly improve the financial experiences of everyday customers.”

Sajit Vijayakumar, Chief Executive Officer, Infosys Finacle, said, “At Infosys Finacle, we are committed to inspiring better banking by helping customers save, pay, borrow and invest better. This engagement with Mastercard Move brings together the agility of our composable banking platform with Mastercard’s unmatched global money movement capabilities – empowering banks to deliver fast and secure cross-border experiences for every customer segment.”

About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

www.mastercard.com

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 320,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. We enable clients in 59 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

About Infosys Finacle

Finacle is an industry leader in digital banking solutions. We are a unit of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys (NSE, BSE, NYSE: INFY). We partner with emerging and established financial institutions to help inspire better banking. Our cloud-native solution suite and SaaS services help banks engage, innovate, operate, and transform better to scale digital transformation with confidence. Finacle solutions address the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions. Today, banks in over 100 countries rely on Finacle to help more than a billion people and millions of businesses to save, pay, borrow, and invest better. For more information, visit www.finacle.com.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence (“AI”), generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

 

Bybit Launches OTC Trading for MNT Token – Offering Institutional-Grade Trading with Better Rates

DUBAI, UAE, Aug. 28, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially included Mantle ($MNT) tokens for OTC (over-the-counter) trading on the exchange. The move enables users to trade MNT in bulk and access better rates.

MNT is the native token of the Mantle Network, an innovative L2 scaling solution built on top of Ethereum. Mantle leverages Optimistic Rollup technology to securely log transactions off-chain before settling them on-chain, offering lower transaction fees and higher throughput compared to Ethereum.

Boosted by the recent ETH rally and expanded utilities including Bybit integration, MNT has demonstrated significant growth across multiple metrics. MNT price surged 56.9% from $0.872 on August 5 to a peak close price of $1.368 on August 16; as of August 27, MTN maintained its price level above $1.2, or a 38.1% increase compared to August 5.

Trading volumes across spot and derivatives also went from strength to strength, recording 54.46% rise in spot trading volume for the same period quarter-on-quarter, and 412.58% higher in derivatives trading volume. This brings the combined trading volume to over $20.5 billion in the cycle, up by 80.12%. The standout performance is testament to Bybit’s pivotal role in empowering the MNT ecosystem and driving adoption.

Trading with MNT on Bybit

MNT has arrived at Bybit OTC. With Bybit OTC trading, users can trade directly with their counterparty, lock in prices, and minimize exposure to order book slippage. The service provides certainty and instant execution without market impact. MNT can be traded with USDT, USDC, BTC, or ETH on Bybit.

Key Benefits

  • Locked-in prices: Limiting exposure to order book slippage
  • Competitive rates: Ideal for large trades
  • Instant execution: Once confirmed, the swap is executed with no time loss
  • Multiple tokens: Saving time to trade more
  • Flexible range: Trade between 100,000 and 3,000,000 MNT

The OTC service supports high trading volume at optimum prices and speed, making it ideal for institutional investors and high-volume traders seeking efficient execution.

Bybit MNT OTC trading is now available. Terms and conditions apply: Bybit OTC Trading

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

 

Newborn Town Achieved 40.0% Growth in 2025 H1 Revenue, Profit Attributable to the Owners of the Company Surged by 117.8%

HONG KONG, Aug. 28, 2025 /PRNewswire/ — Newborn Town Inc., a leading global social entertainment company, released its interim results for the first half of 2025. Fueled by explosive growth in social networking and innovative businesses, alongside enhanced AI integration, the Group achieved impressive results in the first half, with total revenue increasing by 40.0% year-on-year and profit attributable to the owners of the Company surging by 117.8% year-on-year.

Regarding the performance of its business segments, the social networking segment remained the Group’s primary revenue driver. New products such as TopTop continued to perform strongly, while flagship products like MICO and YoHo maintained stable profit contributions. The innovative business saw a robust 70.5% year-on-year revenue growth, driven by quality games and social e‑commerce.

The MENA region, recognized as one of Newborn Town’s key markets, continued to unlock huge business potential for the first half. Its core social products achieved over 60% YoY growth in business scale during this period.


Robust Growth across Financial Metrics boosted bySocial + Innovation” Dual Engines

For the six months ended 30 June 2025, the Group achieved revenue from contracts with customers of RMB 3,181 million, representing a year-on-year increase of 40.0%. Gross profit reached RMB 1,775 million, up 55.6% year-on-year. Profit attributable to equity shareholders of the company was RMB 489 million, reflecting an impressive 117.8% year-on-year increase. Adjusted EBITDA totaled RMB 646 million, demonstrating a 44.0% year-on-year growth.  

The social networking business continued its steady expansion, generating revenue of RMB 2,834 million, up 37.0% year-on-year. In particular, the gaming-oriented social networking platform TopTop delivered exceptional results, with revenue growth exceeding 100%. Meanwhile, profits for TopTop grew by over 100% year-on-year.

Notably, TopTop’s monthly recharge amount has surpassed US$10 million for the first half, making it the company’s third product to reach this milestone. This achievement not only reflects Newborn Town’s strength in executing its core strategy of replication but also highlights the significant opportunity in cultivating a ‘bush-like’ product portfolio globally.

Revenue from the innovative business segment reached RMB 347 million, representing a year-on-year increase of 70.5%. The flagship games including Alice’s Dream: Merge Games entered a phase of long-term operation, steadily contributing to the company’s profit. Meanwhile, the social e-commerce platform, Heer Health, achieved profit growth of over 100% year-on-year, further consolidating its leading position in the HIV prevention and sexual health services sectors.

Rooted in the Middle East while Expanding Globally: MENA Market’s Business Scale Surges Over 60%

The MENA region continued to serve as a strategic market for Newborn Town and unlocked strong commercial potential in the first half of 2025. According to the announcement, the business scale from the Group’s core social networking products in the MENA region surged over 60% year-on-year in the first half of 2025, sustaining the strong growth momentum established in 2024.

This success underscores the Group’s long-term commitment to the MENA region and the effectiveness of its refined operational strategies, further reinforcing its leadership in local markets. With multiple flagship products leading their respective categories, the Group is steadily advancing toward its strategic goal of complete market penetration in the MENA region.

Newborn Town’s global business strategy continues to evolve, with its social networking business primarily focused on the MENA and SEA regions, while its quality games portfolio targets developed markets such as North America, Japan, and South Korea.

The first half of 2025 has been marked by both opportunities and challenges across global markets. In this context, Newborn Town’s steady growth highlights the foresight and resilience of its “bush-like” strategy, further demonstrating the company’s strong ability to achieve sustainable and organic growth.

Deeper AI Integration Fuels Sustainable Business Growth

In the first half of 2025, Newborn Town further integrated AI into its business operations, accelerating R&D efficiency, enhancing operational precision, and significantly improving the user experience of its social apps while optimizing the overall social ecosystem.

AI also played a vital role in strengthening the Group’s risk management system in its platforms, fostering a healthy social environment. This has a positive impact on strengthening user trust and satisfaction, improving new user acquisition, and enhancing overall user retention.

In addition to its AI integration efforts, Newborn Town has actively pursued the development of AI-powered products. In the first half of 2025, the company launched Aippy, an AI-driven no-code community that enables users to easily build websites, mini-games and other creative content, as well as interact with one another. Designed for users without programming backgrounds, Aippy is currently available on iOS.

Over the past years, Newborn Town has continued to upgrade its globalization strategy. Following the establishment of its regional headquarters in Riyadh in 2024, the Group officially opened its global headquarters in Hong Kong in June 2025.

Looking forward, by leveraging the pivotal role of its Hong Kong global headquarters, Newborn Town will collaborate closely with its global R&D and operation centers to scale its business and create positive emotional value to users worldwide.

Celaid Therapeutics have executed a collaborative research agreement with AGC on Expansion and Functional Evaluation of iPSC-HSPCs

TOKYO, Aug. 28, 2025 /PRNewswire/ — Celaid Therapeutics Inc. (“Celaid”) have executed a collaborative research agreement with AGC Inc. (“AGC”) to advance iPS cell-derived hematopoietic stem and progenitor cells (iPSC-HSPCs). The collaboration aims to combine Celaid’s proprietary platform of hematopoietic stem cell (HSC) expansion technology with AGC’s iPSC technology to accelerate robust and scalable expansion of iPSC-HSPCs.

In this project, Celaid’s human HSC expansion technology will be applied to AGC’s iPSC-HSPCs. The functionality of the expanded cells will be evaluated through in vitro experiments and in vivo animal transplantation. Through this collaboration, the two companies aim to demonstrate a method for large-scale expansion of high-quality iPSC-HSPCs – addressing key manufacturing challenges in the development of iPSC-derived blood and immune cell therapies.

“We are excited to partner with AGC to leverage and combine cutting-edge stem cell technologies to drive future breakthroughs,” stated Nobuyuki Arakawa, President and CEO of Celaid. “This collaboration represents a significant step toward resolving the key challenges in the clinical manufacturing of iPSC-derived hematopoietic and immune cell therapy products.”

About Celaid Therapeutics Inc.

Celaid Therapeutics Inc. is a startup born out of the University of Tokyo and University of Tsukuba with proprietary technology for selective ex vivo HSC expansion. By safely and efficiently expanding human HSCs, Celaid aims to provide the next generation of cell and gene therapy products for cell therapy targeting hematologic disease, ex vivo HSC gene therapy for genetic disorders, and angiogenesis for ischemic diseases.

About AGC

AGC Inc. is the parent company of the AGC Group, a world-leading glass solution provider and supplier of flat, automotive, and display glass, chemicals, ceramics, and other high-tech materials and components. Based on more than a century of technical innovation, the AGC Group has developed a wide range of cutting-edge products. The AGC Group employs some 56,000 people worldwide and generates annual sales of approximately 2.0 trillion Japanese yen through business in about 30 countries.

Contact Information
Celaid Therapeutics Inc.
Address:UTokyo Entrepreneur Lab., South Clinical Research Bldg., 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-8485, Japan
TEL:+81-50-3612-7767/E-mail:contact@celaidtx.com
URL:https://celaidtx.com/en/

GoChengdu: Together at TWG 2025: Young Athletes Weaving a Global Tale of Friendship

CHENGDU, China, Aug. 28, 2025 /PRNewswire/ — On the evening of August 17, The World Games 2025 Chengdu (TWG 2025) concluded successfully at the Chengdu International Friendship Pavilion of the  International Horticultural Exhibition 2024 Chengdu. Accompanied by a children’s choir performing “Auld Lang Syne”, the main flame—blending water and fire—was extinguished, and fireworks soared into the sky, letting the most unforgettable friendships shine in everyone’s hearts. Both on and off the field, Chengdu brought international friendship to life through vivid, heartfelt stories.

At TWG 2025, heroism was not measured by victory alone. Italian wheelchair fencer Visconti stood up from his wheelchair to complete the full course at the opening ceremony, earning a standing ovation from the audience. Even without winning a medal, Chinese spectators warmly applauded his courage. “The smiles and gazes of everyone here moved me; this is the greatest reward I’ve gained in Chengdu,” he said, visibly moved.

The warmth of friendship was everywhere. On August 9, Thai soft hockey player Alexandra Carlbom celebrated her 20th birthday after a match, moved as the entire audience sang “Happy Birthday” for her. “This is my first birthday in China. The surprise completely took me by surprise and made me so happy—I almost cried. It was all so wonderful,” she said.

Off the field, friendship extended throughout Chengdu’s streets and alleys. Pakistani journalist Shafique Muhammad, while visiting Luodai Ancient Town, lost his luggage key and was given a new lock by staff—a kindness so touching that he made a photo of the town his social media avatar to commemorate this. French reporter TOMASI Filippo received a handwritten French greeting card from staff, and over more than ten days of thoughtful support, the two forged a deep friendship.

A handwritten French greeting card by staff member Duan Haisuan to a French journalist
A handwritten French greeting card by staff member Duan Haisuan to a French journalist

The medals of TWG 2025 also conveyed friendship. Designed with the idea of “bringing friendship home,” each medal contained a detachable pin that athletes could give to someone special. International athletes marveled, saying, “This medal is truly amazing!”

From the fireworks of the “Tree of Friendship” to the shareable medals, from applause in the arenas to acts of kindness on the streets, TWG 2025 Chengdu elevated friendship beyond competition, creating bonds that connected the world and sending every participant home with the warmth of Chengdu.

 

SIHL Remains High Dividend Policy with a Payout Ratio of 43.8%

Sustained Breakthroughs in The Green and Health Business  

With Approximately HK$4 Billion in cash Recovered from the Successful Privatization of Canvest Environmental

HONG KONG, Aug. 28, 2025 /PRNewswire/ — Shanghai Industrial Holdings Limited (“SIHL” or the “Company”, together with its subsidiaries, the “Group”; HKEX stock code: 363) announced its unaudited interim results for the six months ended 30 June 2025. Revenue amounted to HK$9.476 billion, representing a year-on-year decrease of 8.6%. Profit attributable to owners of the Company was HK$1.042 billion, down 13.2% year-on-year. The decline in revenue and profit was mainly due to a reduction in sales recognized upon delivery in the real estate business compared to the same period last year, as well as substantial provisions for property inventory write-downs and the decrease in fair value of investment properties. The Board has declared an interim dividend of HK42 cents per share, representing a payout ratio of 43.8%, as a gesture of appreciation for shareholders’ long-term support.

2025 Interim Results Highlights:

For six months ended 30 June

(Unaudited)

2025

2024

Change

Revenue (HK$ million)

9,476

10,369

-8.6 %

Profit attributable to owners of the Company (HK$ million)

1,042

1,201

-13.2 %

Earnings per share – Basic (HK$)

0.958

1.105

-13.3 %

Interim dividend per share (HK cents)

42

42

Payout ratio

43.8 %

38 %

As at 30 June

 (Unaudited) 

As at 31 December

 (Audited)

2025

2024

Change

Total assets (HK$ million)

165,569

168,513

-1.7 %

Equity attributable to owners of the Company (HK$ million)

49,155

47,571

3.3 %

Cash and cash equivalents (HK$ million)

28,534

28,514

0.1 %

Revenue and Profit Contributions by Business:

For the six months ended 30 June
(Unaudited)

Segment Revenue (HK$ million)  

2025

2024

Change

Infrastructure and Environmental Protection

4,433

4,571

-3.0 %

Real Estate

3,143

4,092

-23.2 %

Consumer Products

1,901

1,706

11.4 %

Total

9,476

10,369

-8.6 %

Segment Net Profit (HK$ million) 

2025

2024

Change

Infrastructure and Environmental Protection

933

1,056

-11.6 %

Comprehensive Healthcare Operations

141

65

118.4 %

Real Estate

-465

-131

N/A

Consumer Products

403

320

26.0 %

In the first half of 2025, the Group remained committed to reform and innovation, accelerated the upgrade and transformation of its core businesses, and further optimized its asset and business portfolio. At the same time, it focused on strengthening internal management and enhancing risk controls, with full dedication to driving the Group’s high-quality development.

For the six months ended 30 June 2025, the Group recorded unaudited revenue of HK$9.476 billion, representing a decrease of 8.6% compared with the same period last year. Profit attributable to owners of the Group was HK$1.042 billion, down 13.2% year-on-year. The decline in revenue and profit was primarily due to a reduction in sales recognized upon delivery in the real estate business compared with the same period last year, as well as substantial provisions for real estate inventory write-downs and the decrease in fair value of investment properties.

During the period, profit from the infrastructure and environmental protection business decreased by 11.6% year-on-year to HK$933 million, accounting for approximately 92.2% of the Group’s Net Business Profit. The toll road business continued to provide the Group with stable cash flow. During the period, the Group actively responded to national policy directives, focused on the core businesses of water treatment and water resources utilization, and worked to expand market share, thereby consolidating its leading position in China’s water services and environmental protection industries.

Following the successful privatization of Canvest Environmental Protection Group Company Limited during the period, all 475 million Canvest shares indirectly held by the Group were cancelled at a price of HK$4.90 per share. In addition, the Group redeemed its exchangeable bonds ahead of maturity, with the principal, interest, and early redemption penalty, total premium amounted to approximately HK$1.7 billion. In aggregate, the Group recovered approximately HK$4.0 billion in cash.

The comprehensive healthcare business contributed a profit of HK$141 million in the first half, representing a substantial year-on-year increase of 118.4% and accounting for approximately 14.0% of the Group’s Net Business Profit.

The real estate business recorded a loss of HK$465 million during the period, representing an increase in loss of approximately 2.56 times compared with the same period last year, and accounting for approximately -46.0% of the Group’s Net Business Profit. The loss was mainly attributable to substantial impairment provisions for real estate inventory.

The consumer products business delivered a solid performance, contributing HK$403 million in profit in the first half, an increase of 26.0% year-on-year and accounting for approximately 39.8% of the Group’s Net Business Profit. Nanyang Tobacco has driven continuous improvement in performance through dynamic adjustments to its operating strategies, optimization of product structure, and further development of its distribution channels. Wing Fat Printing leveraged synergies among its three core business segments — cigarette packaging, pharmaceutical packaging, and moulded-fibre — to steadily improve its overall performance.

Business Highlights:

Infrastructure and Environmental Protection

  • The Group’s three toll roads recorded steady growth in overall traffic volume and toll revenue during the period, mainly driven by increased public travel during the Spring Festival, Ching Ming Festival, and Labour Day holidays. In the first half of the year, total traffic volume rose 2.1% year-on-year, while toll revenue increased 5.1% to HK$1.019 billion. Profit attributable to the Group amounted to HK$548 million, an increase of 0.5% year-on-year, continuing to provide the Group with a stable cash flow.
  • SIIC Environment (BHK SGX; 807 HKEX) reported revenue of RMB3.177 billion, a 4.4% year-on-year decrease, with profit attributable to shareholders at RMB344 million, up 7.1% year-on-year. The decline in revenue was primarily due to newly secured construction projects not yet commencing, resulting in a significant drop in construction revenue. The increase in profit attributable to shareholders was mainly driven by the continued optimization of the financing structure, which led to a 12.5% year-on-year reduction in finance costs.
  • In the first half of the year, SIIC Environment actively expanded its new projects and achieved multiple milestones in the wastewater treatment sector. During the period, it secured the Beiliu City Urban Wastewater Treatment Plant (Phase III) project in Guangxi, with a designed treatment capacity of 60,000 tonnes per day; completed and commenced operations of a wastewater treatment project in Shanghai with a designed treatment capacity of 25,000 tonnes per day. An entrusted operation wastewater treatment plant in Shanghai also commenced operations, with a designed treatment capacity of 100,000 tonnes per day.
  • During the period, General Water of China recorded revenue of HK$980 million, a year-on-year increase of 2.5%. Net profit was HK$120 million, down 8.0% from the same period last year. During the period, three new projects were secured, involving a combined water treatment capacity of 114,000 tonnes per day and contract amount of RMB2.91 million in total.
  • Shanghai SUS Environment Co., Ltd (“SUS Environment”), in which the Group holds a 28.34% stake through a 50% joint venture, achieved a cumulative total daily waste incineration capacity of 43,725 tonnes during the period. In the first half of the year, total waste intake reached 8.6175 million tonnes, a year-on-year increase of 4.3%, while on-grid power generation amounted to 3.093 billion kWh, up 9.1% year-on-year.
  • With respect to the new business arena, the photovoltaic asset capacity of Shanghai Galaxy and its subsidiary, Galaxy Energy, reached 740 MW as of 30 June 2025. The total amount of on-grid electricity sold during the period from the 15 photovoltaic power stations was approximately 472 million kWh, a year-on-year decrease of 8.9%. This was primarily driven by the intensification of power curtailment.

Comprehensive Healthcare Operations

  • The comprehensive healthcare business recorded a profit of HK$141 million in the first half of the year, representing a significant increase of 118.4% year-on-year and accounting for 14.0% of the Group’s Net Business Profit. The Group’s 20%-owned Shanghai Pharmaceutical Group, reported revenue of RMB141.901 billion for the period, up 1.61% year-on-year, while net profit surged 39.5% to RMB834 million.

Real Estate

  • SI Development (600748 SSE) recorded revenue of RMB1.232 billion for the period, representing an increase of 19.7% year-on-year, and reported a net loss of RMB754 million. The loss was primarily due to the Mainland property sector remaining in a stage of stabilization, certain project inventories of the company showed signs of significant impairment and relatively low revenue and profit recognized from property sales during the period. Contract sales amounted to RMB290 million during the period, while rental income for the half-year was approximately HK$197 million.
  • SI Urban Development (563 HKSE) recorded revenue of HK$1.828 billion for the period, down 38.7% year-on-year, mainly due to a decline in revenue recognized from property sales compared with the same period last year. Revenue from rental, property management, and hotel operations continued to provide the Company with a stable income stream. The loss attributable to shareholders for the period was HK$492 million, primarily due to lower gross profit from property sales. Contract sales during the period amounted to RMB690 million, with 6 projects under construction. Rental income for the half-year was approximately HK$360 million.

Consumer Products

  • In the first half of the year, Nanyang Tobacco recorded revenue of HK$1.273 billion, representing a year-on-year increase of 16.4%. Net profit rose 20.0% year-on-year to HK$337 million. Sales volume exceeded 746,000 cases, marking a substantial year-on-year increase of approximately 31.1%. During the period, Nanyang Tobacco deepened its focus on its core business and strengthened product innovation, achieving a steady growth in operating performance.
  • In response to the significant increase in tobacco tax in Hong Kong for two consecutive years, Nanyang Tobacco adopted proactive measures, including conducting terminal sales promotion campaigns and implementing refined marketing management, which led to a continued narrowing of the sales volume decline. In compliance with the requirements of relevant national authorities, Nanyang Tobacco completed the QR code project for its specialty products on schedule, ensuring the timely delivery of planned products for release. In addition, to mitigate the adverse impact of customs purchase restrictions and substantial reductions in retail outlets on overall sales in the duty-free markets of Hong Kong, Macau, and Mainland China, Nanyang Tobacco actively optimized its product structure and launched new products, thereby consolidating its Hong Kong duty-free market channels and expanding into overseas duty-free markets.
  • Nanyang Tobacco also delivered a strong sales performance in overseas markets. Through stringent channel management and a targeted product distribution strategy, Nanyang Tobacco ensured the optimal presence of its key product specifications and successfully broke through the recovery bottleneck.
  • During the period, Wing Fat Printing recorded revenue of HK$759 million, up 1.1% year-on-year, mainly benefiting from steady growth in its tobacco packaging, pharmaceutical packaging, and moulded-fibre businesses. Net profit surged 46.7% year-on-year to HK$69.94 million, primarily driven by business structure optimization and cost-reduction and efficiency-enhancement initiatives at its core factories, which significantly improved overall profitability.

SIHL Chairlady Leng Weiqing stated, “The global economy is showing signs of recovery, with opportunities and challenges co-existing. In the second half of the year, while adhering to a prudent operating philosophy, the Group will remain committed to an innovation-driven development strategy. On the one hand, we will accelerate the transformation and upgrading of our core businesses and deepen the integration of finance and industry; on the other, we will strengthen our comprehensive risk management system and enhance profitability. In the infrastructure and environmental protection business, SIIC Environment will continue to optimize its business layout, expand market share, and consolidate its leading position in China’s water services and environmental protection industries. The toll road business will further improve operational efficiency and maintain stable development. Investments in the comprehensive healthcare and new arenas business — particularly in the pharmaceutical, healthcare, and green energy sectors — will contribute new growth to the Group. In the real estate business, we will closely monitor industry policy developments, revitalize existing assets, and accelerate the sell-through of inventory. With the gradual effects of the central government’s economic-stabilization policies expected to emerge, we anticipate marginal improvement in the property sector. While ensuring prudent operations, we will actively seize opportunities from a market recovery to improve operating results. Nanyang Tobacco will continue to implement its high-quality development strategy, accelerate the application of smart technologies, and ensure steady and sustainable long-term growth. Wing Fat Printing will remain focused on its guiding principle of ‘expanding markets through external synergies and enhancing efficiency through internal cost reduction’ to achieve long-term, steady development. Overall, the Group will accelerate the upgrading of all core businesses, seize opportunities to increase holdings in quality projects, and create greater value for our shareholders.”

About SIHL

Shanghai Industrial Holdings Limited (“SIHL”, HKEX Stock Code: 363) is the largest overseas conglomerate of Shanghai Industrial Investment (Holdings) Co., Ltd. (“SIIC”). As the flagship of the SIIC Group, SIHL has been successful in leveraging its Shanghai advantage since its listing, in terms of securing the best investment opportunities in mainland China with full support from its parent company. With nearly 30 years of development, SIHL has become a conglomerate with four core businesses: infrastructure and environmental protection (including toll roads, and environmental protection-related businesses such as sewage treatment and solid waste treatment), comprehensive healthcare operations, real estate, and consumer products (including Nanyang Tobacco and Wing Fat Printing). SIHL will continue to enhance its corporate governance and strive to create greater value for its shareholders.

For more information about SIHL, please visit the company website at www.sihl.com.hk