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Hollyland to Showcase Advanced Audio-Visual Solutions at 2025 NAB Show in Las Vegas

LAS VEGAS, March 28, 2025 /PRNewswire/ — Hollyland , a leading provider of professional audio-visual solutions, is set to make a significant impact at the NAB Show 2025, scheduled from April 5-9 in Las Vegas. At booths N572 and N2471, attendees will have the opportunity to experience an array of upcoming product releases alongside several existing bestsellers that have established Hollyland as a leader in professional imaging and communication technologies.


One of the highlights on display will be the Pyro 5, an advanced all-in-one device combining wireless transmission, reception, and monitoring with a sleek 5.5-inch screen. Fully compatible with the Pyro series, this device supports one-to-four signal transmission, camera control capabilities, and proxy file recording for versatile production workflows.

Another highly anticipated release is a consumer-friendly app-based wireless transmitter that transforms smartphones into on-camera monitoring tools with up to 4K30 input support. This innovation integrates internal SD storage for proxy file recording. Moreover, it allows seamless real-time content sharing directly from shooting locations via social media platforms or cloud-enabled devices.

The Solidcom SE Pro has received key updates to enhance its performance in professional communication settings. The latest model now supports up to 11 simultaneous users, an increase from nine, and offers an extended transmission range of up to 400 meters.

A new high-capacity wireless intercom system will also debut at the NAB Show. Equipped with central station functionality, RRU units, belt packs capable of supporting 50 users across multiple channels, and Dante audio networking compatibility (4×4), it sets new standards for large-scale collaboration.

A soon-to-be-released professional wireless microphone, engineered to optimize efficiency in professional workflows and ensure effortless usability, will be available for testing during the show. This mic is  designed for all-day comfort  and features ultra-sensitive sound capture powered by advanced 32-bit technology.

Another key innovation Hollyland will bring to the show is VenusLiv Air, a cutting-edge camera with live-streaming technology powered by proprietary green-screen algorithms that match industry-leading standards. It features intelligent scene recognition and automatic parameter adjustments, eliminating the need for technical expertise. AI-driven tracking further enhances the experience by enabling automatic framing based on hand gestures or facial recognition, ensuring seamless and dynamic broadcasts.

In addition to showcasing these groundbreaking products, Hollyland’s booth promises engaging activities such as live product demonstrations recreating cinematic scenes with immersive sound design, insights from industry experts Blake Ridder and Justin Porter, and  interactive games where prizes await lucky participants.

For more details about Hollyland’s presence at the 2025 NAB Show or its innovative portfolio shaping modern content creation workflows globally, visit booths N572 and N2471 from April 5-9 at the Las Vegas Convention Center.

About Hollyland

Hollyland is a leading provider of wireless products, specializing in wireless intercom systems, video transmission systems, monitors, and wireless microphones. Since 2013, Hollyland has been serving millions of users around the world in various sectors, including filmmaking, telecasting, video production, live events, exhibitions, theaters, houses of worship, and individual content creators. It has built a sales network covering approximately 120 countries and regions with support from dozens of localized operation offices worldwide. For more information, please visit https://www.hollyland.com/ , Hollyland Facebook , and Hollyland Instagram .

European beef will continue to play aleading role in Singapore in the coming months of 2025

“It’s Time for European Beef” is a campaign led by Provacuno and co-funded by the EU


SINGAPORE – Comunicae – 28 March 2025 As part of the ongoing It’s Time for European Beef campaign, led by Provacuno (the Agro-food Interprofessional Organization of the Spanish beef industry) and co-funded by the EU, European beef is set to continue its exciting journey in Singapore in 2025: with a series of visits to local production centers and retail, providing an opportunity to explore the ins and outs of Singapore’s beef industry.

It’s Time for European Beef
It’s Time for European Beef

This will offer a unique perspective on how local production is aligned with European standards, while also strengthening relationships between Singapore and European beef suppliers. The tour will help foster a deeper understanding of the industry, building connections and sharing knowledge and show the Singapore industry the European Production Model, one of the most rigorous in the world.

To cap off the tour, there will be an exclusive tasting event at UNA at the Alkaff Mansion. The event will feature an extraordinary tasting menu designed to highlight the finest aspects of European beef from Spain. A select group of industry professionals, including key players from Singapore’s beef sector, will be invited to indulge in a showcase of the beef’s premium quality, versatility, and rich flavour.

Renowned Michelin-starred chefs will put on a spectacular culinary display, elevating the dining experience while underscoring the exceptional qualities of European beef.

This exciting event will not only celebrate the incredible flavours of European beef but also serve as a platform for engaging with Singapore’s top beef industry. It’s a fantastic opportunity to promote European beef’s tastiness and versatility, reinforcing its reputation as a premium product that is sure to captivate the palates of the discerning Singaporean market.

Another important action to be taken will be a Masterclass for culinary students.

Thirty students from a local culinary academy will have the unique opportunity to train with two renowned Michelin-starred chefs from Spain. During this hands-on session, the students will learn all about the exceptional qualities of European beef, including its rich flavour, versatility, and heir cooking techniques. This masterclass promises to be an invaluable experience for the next generation of chefs, offering both education and practical experience in cooking with one of the highest quality meats in the world, beef from Europe.

Hashtag: #ItstimeforEuropeanBeef

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

Lockin Veno Series: Your Reliable Home Defender

Venokey™ × LockinCam™ × LockinAI™: Three Technologies, One Ultimate Protection

WEST HOLLYWOOD, Calif., March 28, 2025 /PRNewswire/ — Lockin, the global leader in vein recognition technology, continues to redefine smart security with the Veno series smart locks. Holding the TOP 1 position worldwide in the vein smart lock industry, Lockin has amassed over 500 core technology patents and received prestigious accolades, including the Red Dot Design Award and iF Design Award. Designed to provide seamless access, intelligent surveillance, and AI-powered protection, the Veno series introduces Veno Pro, the flagship security model, and Veno Plus, a streamlined, cost-effective alternative. 

Lockin Veno Pro
Lockin Veno Pro

Both models utilize Venokey™ Palm Vein Recognition, delivering fast, touch-free, and fail-proof unlocking in just 0.17 seconds with 99.9% accuracy, certified by TÜV Rheinland. Beyond biometric precision, Venokey™ is enhanced by 60GHz radar sensing technology, which detects user approach in advance, activating the system for a seamless, hands-free unlocking experience. Whether arriving home with hands full or in a hurry, users can enjoy effortless, intuitive entry without any unnecessary delays. At the same time, Venokey™ provides a truly contactless experience, working effortlessly in all conditions, including wet or dry hands and long nails, ensuring that every unlocking moment is quick, secure, and frustration-free.

Security is not just about access but also about awareness. LockinCam™ 180° Head to Toe ultra-wide 2K camera ensures the widest coverage on the market, capturing everything from 10 cm outside the door and beyond(1). This feature significantly reduces blind spots and allows users to monitor package deliveries placed at the entrance—three times closer than other locks. Equipped with infrared fill light, it ensures clear imaging even in low-light conditions, enhancing visibility for improved home security.

Enhancing this protection, LockinAI™ utilizes local AI algorithms for quick target recognition, providing security alerts within 3-5 seconds(2). Unlike systems that rely on cloud processing, LockinAI™ ensures instant, real-time notifications while enhancing privacy, without requiring additional purchases like an AI hub or a cloud subscription. Veno Pro incorporates LockinAI™ with intelligent object recognition, distinguishing between people, packages, and vehicles, while Veno Plus offers fundamental motion detection with dual-sensor technology (60GHz mmWave radar + PIR sensor) for reliable security alerts.

Beyond detection, the Veno series delivers comprehensive security features, including smart auto-lock, anti-tamper detection, an anti-peep password system, vacation mode, and local data processing. This ensures continuous protection while prioritizing user privacy, eliminating reliance on cloud storage.

Designed for seamless integration with modern smart homes, both Veno Pro and Veno Plus support Matter over Thread, ensuring faster, more reliable, and energy-efficient connectivity. Users can effortlessly connect their locks with Apple Home, enabling voice control, remote access management, and automated security settings. The Lockin Smart App allows users to control access, manage security settings, and monitor real-time footage, all with zero subscription fees. With 32GB built-in storage, Veno Pro eliminates the need for extra SD cards, additional hubs, or cloud-based services, saving users up to $500 over five years(3). Veno Plus also has 8GB built-in storage

Battery performance is optimized through advanced low-power technology, ensuring up to three months of battery life on a single charge. This eliminates concerns about frequent charging while maintaining stable performance in any home environment. Additionally, both models support high-efficiency, plug-and-play solar panels, providing a reliable, eco-friendly power solution with minimal maintenance, even in areas with limited sunlight.

Durability is a key aspect of the Veno series, with Veno Pro featuring an IP65-rated tempered glass panel, BHMA Grade 2 certification, and anti-interference technology, ensuring reliable performance in extreme weather conditions. Veno Plus, with an IP53 rating and BHMA Grade 3 certification, offers solid durability for standard home environments, delivering long-lasting protection. The mechanical structure of Veno Pro and Veno Plus is tested to last up to 10 years, reinforcing Lockin’s commitment to long-term security.

Installation is designed to be effortless, requiring only 15 minutes, one person, and a single screwdriver. With its intuitive setup, the Veno series ensures a seamless transition to smart security without professional assistance.

Veno Pro stands out as an all-in-one security solution, combining Venokey™ for seamless biometric access, LockinCam™ for intelligent surveillance, and LockinAI™ for real-time motion detection. By integrating these advanced features into a single device, Veno Pro eliminates the need for separate door locks, security cameras, video doorbells, and local AI processing hubs, offering a comprehensive, proactive security system.

For those seeking a versatile and cost-effective choice, Veno Plus provides the core benefits of a smart lock with built-in video monitoring and essential motion detection, making it an excellent option for users who value simplicity, security, and convenience without unnecessary extras.

(1)*Based on Lockin’s internal laboratory test data

(2)*Based on Lockin’s internal laboratory test data, the actual response speed may vary depending on the network environment.

(3)This data is calculated by comparing the subscription fees of similar features from other brands.

 

Three generations of “Lhamo” and a brand-new Xizang

BEIJING, March 28, 2025 /PRNewswire/ — A news report from China.org.cn on some stories of the people in Xizang:


Three generations of “Lhamo” and a brand-new Xizang

During China’s “two sessions” earlier this month, Penpa Lhamo, a member of CPPCC made her proposals concerning the development of her hometown, Xizang Autonomous Region.

Lhamo, meaning “fairy,” is a common name for women of the Tibetan ethnic group, and it also appears in the names of Penpa Lhamo’s mother and grandmother. However, the three generations of “Lhamo” have had completely different life trajectories.

Grandmother Lhamo was once a serf of the lowest status in Xizang. Back then, serfs like her had no freedom at all, working endlessly for food barely enough to live, and almost impossible to keep warm, let alone the luxury of education. As the offspring of a serf, Phurbu Lhamo, mother of Penpa Lhamo, was born into the same fate, and began to work for the Tibetan nobility since she was six.

After the democratic reform, serfs and slaves, who accounted for 95% of Xizang’s population at the time, finally gained freedom, ownership of production materials, and the opportunity to build better lives while enjoying various rights. The mother, Phurbu Lhamo, one of the beneficiaries of the change, acquired the chance to receive education in Xianyang, Shaanxi Province before returning to work in Xigaze City. When it came to Penpa Lhamo, life in Xizang had improved significantly, and educational policies among others became more comprehensive. Penpa Lhamo smoothly obtained her bachelor’s degree, before pursuing further education and earned her master’s degree and PhD, during which time she also went on academic exchanges in Norway and the U.S. Now, she is not only deeply engaged in law and South Asian studies, but she also conducted repeated research on grassroots communities, so that she can offer more valuable insights for her hometown Xizang’s development.

From regaining freedom and becoming the masters of their own destinies, to meeting basic needs and receiving education, and ultimately pursuing further development and even participating in the discussion of state affairs, the journeys of these three generations of Tibetan women also reflect the tremendous changes in Xizang over the past six decades or so.

In Xizang today, food like tsampa, meat, fruits and vegetables that were once out of reach except to the nobility have become everyday staples. In residential communities, spacious and well-kept Tibetan-style buildings have mushroomed. The once almost isolated Xizang now enjoys continuous improvements in transportation and communication infrastructure, while the advancements in digitalization and smart technology are within easy reach.

A robust social welfare system, including the medical care insurance, offers a safety net for the elderly in Xizang, easing concerns over illness and elderly care; the 15-year free education policy enables children to attend preschool to high school free without fear of having to drop out. Schools in Xizang offer curriculum in both Mandarin and Tibetan; ancient Tibetan texts are carefully preserved; and intangible cultural heritage including Tibetan medicine and Tibetan opera continue to be passed down and innovated…

Bright sunshine has truly lighted up the snow-capped plateau, and bathing in such sunshine are numerous young and vibrant faces thriving in Xizang. Kelsang Pedron, the first Tibetan female in China’s PLA Air Force can confidently fly a fighter jet. Tenzin Yeshe, a young Tibetan opera performer has committed himself to preserving and innovating this rich intangible cultural heritage. Young cyclist Kalsang Chophel rides along with Xizang’s mountain bike team, chasing his dream… In each of them lies a promise of a brighter tomorrow for Xizang.

This year marks the 60th anniversary of the establishment of the Xizang Autonomous Region, and on March 28th, the people of Xizang celebrate the Serfs’ Emancipation Day. Have the people of Xizang enjoyed abundant human rights for the past six decades or so? The stories of these individuals, and the futures they are building, all speak for themselves.

China Mosaic 
http://www.china.org.cn/video/node_7230027.htm
Three generations of “Lhamo” and a brand-new Xizang
http://www.china.org.cn/video/2025-03/28/content_117792195.htm 

 

SINEXCEL Launches ‘Energy for All’ ESG Initiative to Drive Global Energy Equity & Inclusion

SHENZHEN, China, March 28, 2025 /PRNewswire/ — SINEXCEL (300693.SZ), a global pioneer in modular energy storage, EV charging and power quality solutions, has officially launched its ESG strategic initiative, ‘Energy for All,’ aimed at advancing global energy equity and inclusion. Rooted in the company’s core values of Sincerity, Integrity, and Long-termism, this initiative underscores SINEXCEL’s commitment to breaking energy barriers and expanding access to clean power, paving the way for global energy freedom.

SINEXCEL Launches 'Energy for All' ESG Initiative to Drive Global Energy Equity & Inclusion
SINEXCEL Launches ‘Energy for All’ ESG Initiative to Drive Global Energy Equity & Inclusion

Building an Inclusive Ecosystem for Energy Equity & Inclusion

  • Empowering Education: SINEXCEL partners with universities to offer internships and collaborate on energy technology research, fostering the next generation of energy innovators.
  • Driving Environmental Sustainability: Committed to environmental protection, SINEXCEL develops energy solutions within its low-carbon factories, integrating green practices into its operations.
  • Bridging the Energy Gap: Deploying energy solutions in underserved regions—from off-grid villages in Myanmar to communities in Malawi—SINEXCEL ensures reliable electricity access while supporting local development.
  • Advancing Healthcare Through Technology: Leveraging innovation, SINEXCEL supports healthcare initiatives that safeguard lives and enhance overall well-being.

Expanding Global Sustainability Impact
Guided by its core values, SINEXCEL is extending its sustainability impact worldwide by scaling up local projects and forming strategic alliances with global institutions. The company aims to deepen its partnerships with leading academic institutions and international organizations to create a more inclusive energy landscape.

Empowering Energy Freedom
Energy freedom signifies equal access to clean energy. Through scalable and replicable ESG initiatives, SINEXCEL is removing barriers to clean energy access and redefining social responsibility, empowering inclusive, accessible, and sustainable energy for all.

Explore our sustainability efforts here: https://en.sinexcel.com/about/sustainability.php

About SINEXCEL
Founded in 2007, SINEXCEL is a leading pioneer of energy storage, EV charging and power quality solutions, backed by nearly two decades of expertise in power electronics. With 12 GW of installed storage, 140,000 EV chargers and nearly 20 million amperes of AHF deployed, SINEXCEL partners with industry leaders like EVE Energy and Schneider Electric to empower energy freedom.

Media Contact
Melody Yu, Marketing Manager
melody_yu@sinexcel.com 

NYSE Content advisory: Pre-market update + The Ronald Reagan Foundation and Institute rings the Opening Bell

NEW YORK, March 28, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

Pre-market update + The Ronald Reagan Foundation and Institute rings the Opening Bell

Kristen Scholer delivers the pre-market update on March 28th

  • As of Thursday’s close, Wall Street was heading for its second straight week of gains. The Dow Jones Industrial Average was pacing for a 0.8 percent rise on the week.
  • Economists predict that the Personal Consumption Expenditures Index increased by 0.3 percent in February from January, and by 2.5 percent last month compared to the same period a year ago.
  • The Ronald Reagan Presidential Foundation and Institute is ringing the Opening Bell to commemorate the fortieth anniversary of Reagan’s historic visit to the NYSE, making him the only sitting U.S. President to do so.

Learn more about NYSE History + Reagan’s historic visit here

Video – https://mma.prnasia.com/media2/2652740/NYSE_Market_Update_March_28_2025.mp4

 

 

 

Keep Inc. Announces 2024 Annual Results

BEIJING, March 28, 2025 /PRNewswire/ — Keep Inc. (“Keep” or the “Company”), the largest online fitness platform in China, today announced its audited annual results for the year ended December 31, 2024.

Full Year 2024 Financial Highlights

  • Total revenues were RMB 2,065.7 million in 2024. Specifically, self-branded fitness products increased in 2024 in terms of both revenue scale and profitability, mainly driving by fitness gears and apparel categories, which increased by 16.0% year-over-year.
  • Gross profit was RMB965.4 million in 2024, gross profit margin was 46.7% in 2024, a 1.7 percentage point increase from 45.0% in 2023.
  • Adjusted net loss (non-IFRS measure) was RMB469.6 million.

Full Year 2024 Operational Highlights

Year ended December 31,

2024

2023

Average monthly active users (“MAU(s)“) (in thousands)

29,921

29,756

Average monthly revenues per MAU (in RMB)

5.8

6.0

Average monthly subscribing members (in thousands)

3,162

3,193

Membership penetration rate

10.6 %

10.7 %

Mr. Wang Ning, Chief Executive Officer of Keep Inc., commented, “As we move into 2024, while China’s recovery progressed, we were encouraged by the growing popularity of sports and fitness, partly driven by the Summer Olympic Games. We refreshed our mission to ‘Fuel every workout, keep the neighborhood energetic,’ and dynamically adapted our strategy, leading to a comprehensive enhancement and transformation of the Keep brand and platform throughout 2024. We are generally pleased with the consistent internal responsiveness, focus, and execution as we have made to adapt to this momentum and making progress in key areas, including expanding online fitness ecosystem, embracing AI technology, and driving scale and profitability in our self-branded fitness products. While these initiatives require efforts and will temporarily impact our near-term profitability, they are critical in building our first-mover advantage and solidifying our long-term core competitiveness. We are confident in our ability to deliver sustainable operational improvements while exploring innovative opportunities to differentiate ourselves.

In 2024, we successfully executed a series of operational optimizations while maintaining solid business fundamentals. Looking forward to 2025, Keep is positioned to capitalize on the opportunities presented by data analytics and generative AI, leveraging our first-mover advantage in the sports technology sphere, navigating us to transform from a content-driven to a data-driven ecosystem, further optimize operational robustness, and deliver sustaining value for our shareholders.”

2024 Annual Financial Results

Revenues

Total revenues were RMB2,065.7 million for the year ended December 31, 2024, representing a 3.4% decrease from RMB2,137.8 million for the year ended December 31, 2023, primarily due to a decrease in revenues from online membership and paid content service.

Revenues from self-branded fitness products were RMB953.9 million for the year ended December 31, 2024, representing a 0.8% increase from RMB946.1 million for the year ended December 31, 2023. The increase was mainly attributable to the increase in sales of complementary fitness products.

Revenues from online membership and paid content were RMB917.8 million for the year ended December 31, 2024, representing a 7.8% decrease from RMB995.8 million for the year ended December 31, 2023, mainly attributable to a decrease in revenues generated from our online sports events, partially offset by an increase in revenues generated from our online membership subscription.

Revenues from advertising and others were RMB193.9 million for the year ended December 31, 2024, representing a 1.0% decrease from RMB196.0 million for the year ended December 31, 2023, which was relatively stable year-on-year.

Cost of revenues

Cost of revenues was RMB1,100.3 million for the year ended December 31, 2024, representing a 6.5% decrease from RMB1,176.2 million for the year ended December 31, 2023, which has decreased more than the slight decline in our revenues during the same year, primarily due to the success of our cost containment.

Cost of self-branded fitness products was RMB651.5 million for the year ended December 31, 2024, representing a 4.7% decrease from RMB683.9 million for the year ended December 31, 2023, mainly attributable to the decrease of cost of inventories sold due to the optimized product mix and the economies of scale of our self-branded fitness products.

Cost of online membership and paid content was RMB327.3 million for the year ended December 31, 2024, representing a 11.6% decrease from RMB370.1 million for the year ended December 31, 2023, mainly attributable to the decrease of (i) RMB15.8 million in cost of online sports events in corresponding with the decrease in revenue of online sports events; (ii) RMB4.8 million in content related cost as we optimized our IP cost associated with our partnership with third party influencers; and (iii) RMB4.4 million in personnel costs (including related share-based compensation expenses).

Cost of advertising and others was RMB121.5 million for the year ended December 31, 2024, representing a 0.6% decrease from RMB122.2 million for the year ended December 31, 2023 in corresponding with related revenues.

Gross profit and gross profit margin

Gross profit was RMB965.4 million for the year ended December 31, 2024, representing a 0.4% increase from RMB961.6 million for the year ended December 31, 2023.

Gross profit margin was 46.7% for the year ended December 31, 2024, representing a 1.7 percentage point increase from 45.0% for the year ended December 31, 2023, mainly attributable to the optimized gross profit margin of self-branded fitness products and online membership and paid content.

Gross profit from self-branded fitness products increased by 15.3% from RMB262.2 million for the year ended December 31, 2023 to RMB302.4 million for the year ended December 31, 2024, mainly attributable to the increased sales of complementary fitness products and the decrease of cost of inventories sold.

Gross profit from online membership and paid content decreased by 5.6% from RMB625.7 million for the year ended December 31, 2023 to RMB590.5 million for the year ended December 31, 2024, mainly attributable to the decrease of revenues generated from our online sports events, partially offset by the decrease of cost of online membership.

Gross profit from advertising and others decreased by 1.8% from RMB73.8 million for the year ended December 31, 2023 to RMB72.4 million for the year ended December 31, 2024, primarily due to the increase in costs associated with integrated online-to-offline advertising campaigns.

Fulfillment expenses

Fulfillment expenses were RMB122.6 million for the year ended December 31, 2024, representing a 21.2% decrease from RMB155.7 million for the year ended December 31, 2023, primarily due to the optimized warehousing, packaging and delivery expenses.

Selling and marketing expenses

Selling and marketing expenses were RMB757.9 million for the year ended December 31, 2024, representing a 33.1% increase from RMB569.3 million for the year ended December 31, 2023. The increase was primarily due to an increase of RMB170.9 million in promotion and advertising expenses, as we introduced more sports-themed marketing and brand-building activities.

Administrative expenses

Administrative expenses were RMB233.2 million for the year ended December 31, 2024, representing a 11.4% increase from RMB209.3 million for the year ended December 31, 2023, primarily attributable to an increase of RMB18.4 million in administrative personnel costs. The increase in administrative personnel costs was primarily due to the increase in share-based compensation expenses.

Research and development expenses

Research and development expenses were RMB439.0 million for the year ended December 31, 2024, representing a 2.4% decrease from RMB449.7 million for the year ended December 31, 2023, primarily attributable to the decreases of: (i) RMB17.3 million in research and development personnel costs (including related share-based compensation expenses); and (ii) RMB6.6 million in cloud computing service fees as we optimized the related expenses; partially offset by an increase of RMB12.7 million in outsourcing research and development costs for smart fitness devices innovation. 

Fair value changes of convertible redeemable preferred shares

Fair value changes of convertible redeemable preferred shares were nil for the year ended December 31, 2024, compared with RMB1.4 billion for the year ended December 31, 2023. The fair value changes of convertible redeemable preferred shares before the Listing were primarily attributable to changes in the valuation of the Company. The Company did not record any further fair value changes of the convertible redeemable preferred shares following the Listing as preferred shares liabilities were redesignated and reclassified from liabilities to equity after automatically converting into ordinary shares upon the Listing.

(Loss)/profit  for the year

Loss for the year ended December 31, 2024 was RMB534.7 million, compared with a profit of RMB1.1 billion for the year ended December 31, 2023, primarily attributable to the fair value changes of convertible redeemable preferred shares of nil for the year ended December 31, 2024, compared with RMB1.4 billion for the year ended December 31 2023.

Adjusted net loss (non-IFRS measures)

Adjusted net loss (non-IFRS measures) was RMB469.6 million and RMB295.4 million for the years ended December 31, 2024 and 2023, respectively.

Cash Balance

The cash balance was RMB1.2 billion as of December 31, 2024. The cash balance includes cash and cash equivalents, short-term time deposits, restricted bank deposits and short-term investments. The Company maintains a healthy liquidity position and remains confident in the disciplined capital allocation approach, which enables the execution of the Company’s long-term strategic initiatives.

Share repurchase programs

The Company repurchased a total of 11,538,500 shares of the Company on the Stock Exchange at the aggregate consideration of HK$74.3 million before expenses.

Conference Call

The Company’s management will host an earnings conference call at 8:00 p.m. Beijing Time on March 28, 2025.

Participants who wish to join the call should follow the following method:

  1. Please click on the call link and complete the online registration form. Kindly register at least one working day before the event. 
    https://register-conf.media-server.com/register/BI54b42ba49a8645a2aacb9677f3eaaf15
  2. Upon registering you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.
  3. Select a method for joining the call
    1. Dial-In: A dial in number and unique PIN are displayed to connect directly from your phone.
    2. Call Me: Enter your phone number and click “Call Me” for an immediate callback from the system. The call will come from a US number, and this function is only applicable for participants outside China.
  4. Please dial in 15 minutes before the call is scheduled to begin and provide the personal PIN to join the call.

Additionally, a live and archived webcast of the conference call will be available at https://ir.keep.com/en/news_events.php.

About Keep Inc.

Keep Inc. (HKEX Stock Code: 3650) is the largest online fitness platform in China in terms of MAUs and number of workout sessions completed by users in 2022, according to CIC. Keep offers a comprehensive fitness solution to help users achieve their fitness goals. On the Keep platform, extensive, professional, and premium fitness content with diverse activities and services are offered to encourage users to engage in daily exercise. Keep platform leverages AI technology to provide personalized workout programs incorporating recorded courses and interactive live streaming classes, dynamically customized to each user’s athletic levels, fitness goals, daily workout patterns and diet. Keep’s services seamlessly connect the physical and digital realms, spanning smart devices, workout equipment, athletic apparel and food to provide an immersive fitness experience.

For more information on Keep Inc., visit https://keep.com/.

Forward-looking Statements

This press release contains forward-looking statements relating to the business outlook, estimates of financial performance, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realised in the future. Underlying these forward-looking statements are a lot of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the board of directors of the Company or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements.

Non-IFRS Measures

To supplement our consolidated financial statements, which are presented in accordance with IFRS Accounting Standards as issued by the IASB, we also use adjusted net loss as an additional financial measure, which is not required by, or presented in accordance with, IFRS Accounting Standards.

The Company’s management believe adjusted net loss provides useful information to investors and others in understanding and evaluating our consolidated results of operations in the same manner as they help our management. However, our presentation of adjusted net loss may not be comparable to similarly titled measures presented by other companies. The use of adjusted net loss has limitations as an analytical tool, and you should not consider it in isolation from, or as a substitute for an analysis of, our results of operations or financial condition as reported under IFRS Accounting Standards.

 

Consolidated Statement of Profit or Loss

Year ended December 31,

2024

2023

RMB’000

RMB’000

Revenues

2,065,694

2,137,834

Cost of revenues

(1,100,262)

(1,176,190)

Gross profit

965,432

961,644

Fulfillment expenses

(122,619)

(155,652)

Selling and marketing expenses

(757,903)

(569,266)

Administrative expenses

(233,203)

(209,287)

Research and development expenses

(438,969)

(449,700)

Other income

10,199

44,137

Other gains, net

1,836

2,539

Operating loss

(575,227)

(375,585)

Finance income

43,298

54,514

Finance expenses

(2,197)

(5,282)

Finance income, net

41,101

49,232

Fair value changes of convertible redeemable preferred shares

1,432,261

(Loss)/profit before income tax

(534,126)

1,105,908

Income tax expenses

(584)

(Loss)/profit for the year

(534,710)

1,105,908

(Loss)/earnings per share

 (expressed in RMB per share)

Basic

(1.15)

3.78

Diluted

(1.15)

3.50

Consolidated Statement of Financial Position

As at December 31,

2024

2023

RMB’000

RMB’000

ASSETS

Noncurrent assets

Property and equipment

19,367

17,982

Right-of-use assets

34,657

62,256

Intangible assets

7,455

11,561

Financial assets at fair value through profit or loss

54,224

13,519

Other non-current assets

54,164

51,994

169,867

157,312

Current assets

Inventories

136,736

121,380

Accounts receivable

205,191

228,279

Prepayments and other current assets

195,486

174,842

Financial assets at fair value through profit or loss

433,009

65,199

Short-term time deposits

553

88,960

Restricted bank deposits

700

Cash and cash equivalents

764,260

1,612,769

1,735,935

2,291,429

Total assets

1,905,802

2,448,741

EQUITY

Equity attributable to owners of the Company

Share capital

168

168

Other reserves

8,204,827

8,187,464

Accumulated losses

(6,849,193)

(6,314,483)

Total equity

1,355,802

1,873,149

Consolidated Statement of Financial Position (Continued)

As at December 31,

2024

2023

RMB’000

RMB’000

LIABILITIES

Noncurrent liabilities

Lease liabilities

17,462

32,453

Other non-current liability

5,639

10,968

23,101

43,421

Current liabilities

Accounts payable

149,240

157,417

Accrued expenses

246,152

177,355

Other current liabilities

42,076

57,838

Contract liabilities

71,790

93,280

Borrowings

10,009

Lease liabilities

17,641

36,272

526,899

532,171

Total liabilities

550,000

575,592

Total equity and liabilities

1,905,802

2,448,741

 

The following table reconciles our adjusted net loss for the years presented to the most directly comparable financial measure calculated and presented in accordance with IFRS Accounting Standards, which is (loss)/ profit for the years ended December 31, 2024 and 2023:

 

Reconciliation of (loss)/profit to adjusted net loss

(Non-IFRS measures):

For the year

ended December, 31

2024

2023

RMB’000

RMB’000

(Loss) /profit for the year

(534,710)

1,105,908

Adjustments for:

Share-based payment expenses

65,104

30,935

Fair value changes of convertible redeemable preferred shares

(1,432,261)

Adjusted net loss for the year (Non-IFRS measures)

(469,606)

(295,418)

 

JIECANG & LOGICDATA at CIFF 2025: Leading the Future of Electric Standing Desk Innovation

GUANGZHOU, China, March 28, 2025 /PRNewswire/ — As CIFF 2025 unfolds, JIECANG and LOGICDATA are leading the way in electric standing desk technology. With the theme “Elevate • Future”, they are presenting groundbreaking solutions that empower office furniture manufacturers to stay ahead of the curve in a rapidly evolving market.


Meeting Market Demands: Smart, Flexible, and Sustainable Solutions

The electric standing desk market is facing intense competition, particularly in commercial, home, and gaming sectors. As businesses embrace smarter, flexible, and sustainable office solutions, JIECANG and LOGICDATA are committed to helping brands adapt to these evolving demands. Their innovative technologies are designed to meet the growing demand for intelligent, ergonomic, and adaptable workspaces.


Innovation in Design: Breakthrough Lifting Column Technology

At CIFF 2025, JIECANG and LOGICDATA are unveiling their new lifting column technology, featuring a bottom-free design that challenges conventional standing desk systems. This innovation provides enhanced design flexibility, improves stability, and increases load-bearing capacity, offering a game-changing solution for both commercial and home office markets.

Smart & Human-Centric: The Smart Lifting System and Safety-Evo

JIECANG and LOGICDATA’s Smart Lifting System boosts efficiency with speeds up to 80mm/s and a 120kg load capacity. The system also supports OTA updates and remote services, offering a smarter user experience. Meanwhile, the Safety-Evo anti-collision technology ensures a smoother, safer operation, making it ideal for any workspace.

Sustainability at the Core: Green Solutions for the Entire Product Lifecycle

JIECANG and LOGICDATA integrate PoE technology for efficient power management and prioritize sustainability throughout the product lifecycle—from development to recycling. Their commitment to reducing carbon footprints aligns with the rising demand for eco-friendly products, giving brands a competitive edge.

JIECANG and LOGICDATA: Strong Partnership for Global Growth

With over 20 years of expertise, JIECANG and LOGICDATA offer end-to-end solutions for global brands, ensuring seamless service from design to delivery.

JIECANG excels in deep customization, rapid response, global manufacturing, and localized services, addressing a wide range of customer needs. Meanwhile, LOGICDATA is known for its advanced R&D, focusing on innovative solutions primarily for European and American markets. Together, the two brands guarantee both product innovation and technical leadership, while also achieving large-scale production and global service coverage.

At CIFF 2025, visitors can experience firsthand how these innovations are shaping the future of office furniture. Contact us to discover how we can help your brand thrive!