28.3 C
Vientiane
Wednesday, July 9, 2025
spot_img
Home Blog Page 793

Tuniu to Report Fourth Quarter and Fiscal Year 2024 Financial Results on March 14, 2025

NANJING, China, Feb. 26, 2025 /PRNewswire/ — Tuniu Corporation (NASDAQ:TOUR) (“Tuniu” or the “Company”), a leading online leisure travel company in China, today announced that it plans to release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024, before the market opens on March 14, 2025.

Tuniu’s management will hold an earnings conference call at 8:00 am U.S. Eastern Time on March 14, 2025 (8:00 pm Beijing/Hong Kong Time on March 14, 2025).

Listeners may access the call by dialing the following numbers:

US

1-888-346-8982

Hong Kong

852-301-84992

Mainland China

4001-201203

International

1-412-902-4272

Conference ID: Tuniu 4Q 2024 Earnings Conference Call            

A telephone replay will be available one hour after the end of the conference call through March 21, 2025. The dial-in details are as follows:

US

1-877-344-7529

International

1-412-317-0088

Replay Access Code: 2263052

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

About Tuniu Corporation

Tuniu (Nasdaq:TOUR) is a leading online leisure travel company in China that offers integrated travel service with a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com.

The Adecco Group: Q4 & FULL YEAR 2024 RESULTS

Market share gains; strong cash generation; above target G&A savings driving resilient profitability

AD HOC ANNOUNCEMENT pursuant to Art. 53 Listing Rules of SIX Swiss Exchange

ZURICH, Feb. 26, 2025 /PRNewswire/ — Q4 HIGHLIGHTS

  • Revenues -5%, and -3% organic. By GBU, Adecco -5%, Akkodis -6%, LHH -3%
  • Resilient 19.2% gross margin; pricing firm, volume and mix effects
  • Resilient 3.2% EBITA margin; negative operating leverage partly offset by strong G&A savings
  • Operating income €144 million; Net income €73 million
  • Basic EPS €0.43; Adjusted EPS €0.63
  • Strong operating cash flow +€491 million, +174 million yoy; free cash flow €446 million, +211 million yoy

FULL-YEAR HIGHLIGHTS

  • Revenues -3%, and -2% organic. Strong market share gain of +200 basis points
  • Resilient 19.4% gross margin; pricing firm, volume and mix effects
  • Resilient 3.1% EBITA margin; strong G&A savings, agile capacity management
  • Operating income €541 million; Net income €303 million
  • Basic EPS €1.81; Adjusted EPS €2.55
  • Strong cash generation: operating cash flow +€707 million; free cash flow +€563 million; 109% conversion ratio
  • Net debt €2.5 billion, ahead of management expectations
  • Above target FY24 G&A savings of €174 million delivered (net of inflation versus 2022 baseline)
  • Updated dividend policy leading to proposed DPS of CHF 1.00
  • End-24 net debt/EBITDA ratio 2.8x; targeting ≤ 1.5x net debt/EBITDA ratio by end-27

Denis Machuel, Adecco Group CEO, commented: “We are rigorously executing against our Future@Work Reloaded strategy. We have consistently gained market share in challenging markets, streamlined the business model and reduced G&A costs by over 20 percent, ahead of target, and delivered strong cash generation. We are accelerating the roll-out of AI-powered technologies and the expansion of our advanced digital delivery engine. Today, the Group is taking necessary action to accelerate deleveraging and increase financial flexibility with an updated dividend policy. We are increasingly confident that markets will improve, driving growth; and our continued rigorous execution will drive further market share gains, profitability and cash in future periods, supported by the excellent positioning of the Group’s portfolio in talent and technology solutions.”

Full Press Release

Webcast Details | Investors & Analysts

Media contacts:

ASG Announces the Completion of pre-IND meeting with FDA for Lead Drug Beta1, Receiving Encouraging Feedback

TAIPEI, Feb. 26, 2025 /PRNewswire/ — Asia Scientific Global (ASG), a company specializing in the research and development of novel inhaled novel drugs, announced the completion of pre-IND meeting with the U.S. Food and Drug Administration (FDA) for its lead drug Beta 1. ASG received encouraging feedback, paving the way for the formal IND filing for  conducting a Phase I clinical trials in the second half of this year.

Beta1, a novel dry powder inhaler for the treatment of erectile dysfunction, has to date shown better-than-expected results in various clinical evaluations, drug toxicology and pharmacokinetic tests, and preclinical trial planning. Following a successful pre-IND meeting with the FDA, ASG received positive feedback and guidance on further development of clinical trial. ASG will now expedite the revision of clinical trial documents and execute additional test based on FDA’s guidance and work toward  an IND filing in Q4 2025 and launch Phase 1 clinical trials in Taiwan.

ASG highlighted that existing drugs for erectile dysfunction generally take 40 minutes to 2 hours to reach the peak concentration in the body. Through ASG’s core technology, aPPC (Aero-Particles Process Control Technology), improved drug formulation design and inhalation delivery method, Beta1 not only reduces drug absorption time to within 10 minutes but also features the company’s specially designed compact, user-friendly, and modern devices, offering a more effective, safer, and convenient therapeutic option for a broader patient population. ASGhas accelerated the development timeline through its core technology. Within just three years, ASG has successfully completed the development of its novel drug Beta1 and will be ready for clinical trials.

About Asia Scientific Global (ASG)

Asia Scientific Global (ASG) is dedicated to the research and development of inhaled novel drug, with a vision of “make the world a better place with every breath”. The company focuses on providing patients worldwide with faster, safer, more effective and convenient medical solutions. Expert in the 505(b)(2) pathway, ASG’s core advantage lies in its proprietary “Specialized Drug Delivery Platform” based on the aPPC (Aero-Particles Process Control) technology, high-barrier formulation development technology, and innovative medical device development technology. With R&D laboratories in Taiwan and Singapore, and offices and business teams in mainland China, Southeast Asia, and North America, ASG is advancing new product development, clinical trials, and market development.

AIR INDIA IMPROVES CONNECTIVITY FROM AUSTRALIA TO EUROPE VIA INDIA

  • Air India offers enhanced connectivity from Australia to European destinations such as London Heathrow, Frankfurt, Paris, Amsterdam via India, reducing connection times to around 2 hours
  • The airline has launched a campaign called ‘Via’ to highlight these improved connection times and promote India as a world-class hub

SYDNEY, Feb. 26, 2025 /PRNewswire/ — Air India has optimised its network to offer faster connections from Sydney and Melbourne in Australia to European destinations such as London Heathrow, Frankfurt, Paris, Amsterdam via India, reducing connection times to around 2 hours. The airline has launched a campaign called ‘Via’ to highlight these improved connection times and promote India as a world-class hub.

The optimised flight schedule makes Air India flights among the fastest for travel between Australia and Europe, with comfortable transit times at Air India’s hub in Delhi.

India’s geographical advantage and impressive airport infrastructure, combined with Air India’s robust route network, offer convenient one-stop access for travellers from the East to West and vice-versa,” said Nipun Aggarwal, Chief Commercial Officer, Air India.

Air India operates 7x weekly from Sydney and Melbourne to Delhi, and 24x weekly from Delhi to London Heathrow, 14x weekly to Paris CDG, 14x weekly to Frankfurt, 7x weekly to Amsterdam, and 7x weekly to Milan.

Air India Enhances Transit Experience at Delhi Airport

Air India’s operations at Terminal 3 Delhi Airport enable seamless same-terminal transfers for guests traveling from Australia to Europe. These terminals boast world-class design, architecture, and operational efficiency, enriched with Indian heritage and cultural character.

Business Class passengers, Maharaja Club members, and eligible Star Alliance members can enjoy lounge services at these airports, ensuring maximum comfort and convenience during their stopovers.

Air India Launches ‘Via’ Marketing Campaign

Air India has launched a marketing campaign titled ‘Via’, running until March, to raise awareness among travellers from Australia about the destinations they can conveniently fly to via India.

Flights are available for booking on the airline’s official website, mobile app, customer contact centre, city and airport offices, and through travel agents worldwide.

Download campaign images from here https://www.airindia.com/in/en/newsroom/media-resources/images/via-india.html

About Air India group

The Air India group – comprising of full-service global airline Air India and low-cost regional carrier Air India Express – is spearheading a new era of Indian aviation. The Air India story began in 1932 when JRD Tata piloted the airline’s inaugural flight and opened the skies for aviation in India. Today, Air India group employs more than 30,000 people, operates over 300 aircraft and carries customers to 55 domestic and 48 international destinations across five continents.

Returning to the Tata Sons in 2022 following 70 years under Government ownership, Air India group is in the midst of a five-year transformation program, Vihaan.AI. As part of the transformation, Air India has placed an order for 570 new aircraft. In 2024, sister airlines Air Asia India and Vistara were successfully merged into Air India Express and Air India, respectively, and the Airline opened South Asia’s largest aviation training academy. A new flying school is scheduled to open in 2025, and construction of a greenfield maintenance base, to be operational in 2026, is underway. In addition to receiving new aircraft, all existing aircraft are progressively undergoing a full interior refit.

With transformation underway across all facets of the business and India’s rich legacy of hospitality, Air India is committed to being a world class global airline with an Indian heart.

For more stories on Air India, visit http://www.airindia.com/newsroom

Laos Added to Financial Grey List as Concerns Grow

Laos Added to Financial Grey List as Concerns Grow
This photo is used for representational purpose (photo credit: Fintelegram)

The Financial Action Task Force (FATF) has added Laos to its grey list due to concerns over financial crime enforcement, while the Philippines successfully exited after making significant regulatory improvements.

AIR INDIA IMPROVES CONNECTIVITY FROM MALAYSIA TO EUROPE VIA INDIA

  • Air India offers enhanced connectivity from the Malaysia to European destinations such as London Heathrow, Frankfurt, Paris, Amsterdam via India, reducing connection times to around 2.5 hours
  • The airline has launched a campaign called ‘Via’ to highlight these improved connection times and promote India as a world-class hub

KUALA LUMPUR, Malaysia, Feb. 26, 2025 /PRNewswire/ — Air India has optimised its network to offer faster connections from Kuala Lumpur in Malaysia to European destinations such as London Heathrow, Frankfurt, Paris, Amsterdam via India, reducing connection times to around 2.5 hours. The airline has launched a campaign called ‘Via’ to highlight these improved connection times and promote India as a world-class hub.

The optimised flight schedule makes Air India flights among the fastest for travel between Malaysia and Europe, with comfortable transit times at Air India’s hub in Delhi.

India’s geographical advantage and impressive airport infrastructure, combined with Air India’s robust route network, offer convenient one-stop access for travellers from the East to West and vice-versa,” said Nipun Aggarwal, Chief Commercial Officer, Air India.

Air India operates daily from Kuala Lumpur to Delhi, as well as daily from Delhi to Sydney, Melbourne, Singapore and Kuala Lumpur, among other South-East Asian destinations.

Air India Enhances Transit Experience at Delhi Airport

Air India’s operations at Terminal 3 Delhi Airport enable seamless same-terminal transfers for guests traveling to Europe. These terminals boast world-class design, architecture, and operational efficiency, enriched with Indian heritage and cultural character.

Business Class passengers, Maharaja Club members, and eligible Star Alliance members can enjoy lounge services at these airports, ensuring maximum comfort and convenience during their stopovers.

Air India Launches ‘Via’ Marketing Campaign

Air India has launched a marketing campaign titled ‘Via’, running until March, to raise awareness among travellers from Malaysia about the destinations they can conveniently fly to via India.

Flights are available for booking on the airline’s official website, mobile app, customer contact centre, city and airport offices, and through travel agents worldwide.

Download campaign images from here https://www.airindia.com/in/en/newsroom/media-resources/images/via-india.html

About Air India group

The Air India group – comprising of full-service global airline Air India and low-cost regional carrier Air India Express – is spearheading a new era of Indian aviation. The Air India story began in 1932 when JRD Tata piloted the airline’s inaugural flight and opened the skies for aviation in India. Today, Air India group employs more than 30,000 people, operates over 300 aircraft and carries customers to 55 domestic and 48 international destinations across five continents.

Returning to the Tata Sons in 2022 following 70 years under Government ownership, Air India group is in the midst of a five-year transformation program, Vihaan.AI. As part of the transformation, Air India has placed an order for 570 new aircraft. In 2024, sister airlines Air Asia India and Vistara were successfully merged into Air India Express and Air India, respectively, and the Airline opened South Asia’s largest aviation training academy. A new flying school is scheduled to open in 2025, and construction of a greenfield maintenance base, to be operational in 2026, is underway. In addition to receiving new aircraft, all existing aircraft are progressively undergoing a full interior refit.

With transformation underway across all facets of the business and India’s rich legacy of hospitality, Air India is committed to being a world class global airline with an Indian heart.

For more stories on Air India, visit http://www.airindia.com/newsroom

Viribus Unveils the SC5 Fat Tire Electric Tricycle: The Ultimate All-Terrain, Commuter-Friendly, Heavy-Duty Tricycle

ONTARIO, Calif., Feb. 26, 2025 /PRNewswire/ — Viribus, a top innovative brand in the mobility industry, announces its flagship electric tricycle, the Viribus SC5 Fat Tire Electric Tricycle: a fat tire electric tricycle that strikes the perfect balance between rugged performance and daily practicality.

Viribus prides itself on pioneering innovation while providing practical, usable tricycles for adult riders of all ages. The original vision for this bike was to create a unique electric tricycle that combines the advanced features of a 3.0-inch fat tire electric tricycle with the comfort, practicality, and exceptional ease of handling associated with other Viribus traditional tricycles.

Viribus SC5 Tricycle in use
Viribus SC5 Tricycle in use

The result is the SC5 Fat Tire Electric Tricycle– a versatile fat tire tricycle that offers formidable power in its peak 750W motor with a torque of 85N.m, impressive acceleration of up to 20mph, and superior hill-climbing ability.

At the same time, it has a low step-through frame for easy mounting and unmounting, as well as a 110 lbs (50kg)-lbs capacity rear basket for carrying groceries, running errands, or gear on outdoor adventures.

With the Viribus SC5 Fat Tire Tricycle, you can do both: it is not just designed for adventures on off-road trails but also for efficiency in everyday tasks.

Main Features of the SC5 Fat Tire Electric Tricycle

In terms of design, ease of use, and overall riding experience, the SC5 Fat Tire is more advanced than many other fat tire tricycles in a similar category. The frame is designed to be extra long, which makes the tricycle easy to ride, more stable, and less complicated to corner. The larger front wheelbase also makes for a more comfortable riding position. 

Here are more key features of the SC5 Electric Tricycle:

  • 48V long-range lithium battery with a total range of over 38 miles on a single charge.
  • Spring fork, front suspension providing comfort for elderly riders and smooth riding for off-road riding.
  • 5 modes of pedal assist for a customizable riding experience.
  • A 2.5-inch LCD Display with smart controls showing key stats such as speed, battery life, and pedal-assist settings, all at a glance.
  • 7-speed transmission and a rear differential lock for a seamless ride on any terrain. 

An All-Round Electric Tricycle Built for Every Need

“This tricycle combines the efficiency of fat-tire electric tricycles with the practical, usable features of a traditional electric trike.

If you want a tricycle for daily use that has all the advanced features, this is the tricycle for you. If you also want a high-performing tricycle for more adventurous purposes that has practical features you can use on a daily basis, this is also the bike for you. 

It is the perfect all-in-one, which is precisely what we were going for,” says James E. Carter, Director of Product Design.

Now on Offer!

The Viribus SC5 Fat Tire Electric Tricycle is available now at https://viribusbikes.com/ and at select retailers nationwide. For a limited time, you can take advantage of Viribus’ generous price offers for our early 2025 customers.

The SC5 comes 90% pre-assembled. All you need do is install the handlebars and front wheel and you are good to go!

About Viribus

Viribus is dedicated to delivering high-quality, eco-friendly mobility solutions. Focusing on innovation and reliability, Viribus bicycles, e-bikes, and adult tricycles are built by teams of specialists and competent engineers. Each bike is adequately tested for durability and reliability and ergonomically designed for the safety and satisfaction of every customer. With the SC5 Fat Tire, you can join Viribus and get connected to a network of contented riders all around the world.

The SC5 Fat Tire Electric Tricycle is all you need in a tricycle!

Jolywood Unveils Breakthrough Windproof Module and Full-Black Solar Technology at Intersolar North America 2025

SAN DIEGO, Feb. 26, 2025 /PRNewswire/ — Jolywood, a leading innovator in advanced solar technologies, is proud to unveil its latest advancements at Intersolar North America 2025, held at the San Diego Convention Center.  As a pioneer in N-type solar technology, Jolywood continues to push the boundaries of solar performance with two groundbreaking products: the Windproof Module and the NIWA Full-Black Solar Modules.

Windproof Module – Redefining Reliability

Developed after five years of intensive research, the Windproof Module stands as the pinnacle of solar module innovation. It incorporates an n-type Fully-Tempered One-Stop Encapsulation solution, designed to endure the harshest conditions. The specialized BACKBONE Steel Frame, made with zinc-aluminum-magnesium surface alloy technology and a high-strength steel substrate, offers exceptional strength, corrosion resistance, and resilience to extreme temperatures. The frame is 50% stronger than traditional aluminum frames, providing superior resistance to wind and snow loads. Paired with fully-tempered glass, this design ensures optimal performance in extreme weather conditions such as hurricanes, heavy snow, and hail. Additionally, the module is burstproof, ensuring stable operation even in the most challenging environments. This results in a 1.63% higher energy yield. As severe weather events become more frequent in the United States, the Windproof Module offers enhanced reliability for your solar projects.

NIWA Full-Black Modules – Smarter Choice for Every Rooftop  

The NIWA full-black modules are an outstanding choice for residential rooftop installations, offering a perfect balance of style, performance, and reliability. Designed with sleek, all-black aesthetics, these modules seamlessly integrate into modern architectural designs, adding an elegant touch to any home.

Technological Excellence and Investment in R&D

Jolywood’s technical prowess is backed by significant investment in research and development. The company’s R&D center includes facilities for cell technology research, module development, testing, and comprehensive management. It also boasts two major testing centers: one for photovoltaic testing and the other for real-world energy generation validation.

See Jolywood’s Innovation in Action

On February 25–27 2025, Jolywood will be exhibiting at Intersolar North America, held at the San Diego Convention Center. Visitors will have the exclusive opportunity to see the Windproof Module and discover how Jolywood’s cutting-edge solar technologies are redefining quality and reliability. Join Jolywood for a glimpse into the future of solar energy and experience firsthand the innovations that are setting new standards in the industry.

About Jolywood

Founded in 2008, Jolywood is a global leader in the production of advanced high-efficiency solar products. With a firm commitment to “Same Sunshine, More Value,” Jolywood has emerged as a key player in the solar energy sector, striving to deliver sustainable and innovative green energy solutions worldwide. The company’s expertise in N-type solar technology and its focus on cutting-edge developments have positioned it as a front-runner in the solar industry.