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Zero-Carbon Village Rises in Tujia Countryside


WUHAN, CHINA – Media OutReach Newswire – 22 April 2025 – During April’s Pear Blossom Festival, Tudianzi village, nestled deep in the mountains of central China’s Hubei Province, has welcomed over 50,000 visitors in just two days. In Tudianzi Village, tourists marveled at innovations like solar-storage integrated streetlights illuminating country paths, high-power EV charging stations eliminating range anxiety, and traditional Tujia cuisine cooked in all-electric kitchens — a vivid showcase of sustainable rural revitalization.

This drone photo shows photovoltaic power station in Tudianzi Village, Badong County, central China's Hubei Province, April 10, 2025. (Photo by Lei Yong/Xinhua)
This drone photo shows photovoltaic power station in Tudianzi Village, Badong County, central China’s Hubei Province, April 10, 2025. (Photo by Lei Yong/Xinhua)

From Tudianzi Village, perched 1,200 meters above sea level, the mist-shrouded Wu Gorge stretches into the distance, while terraced pear blossoms blanket the slopes. A light breeze carries the delicate floral fragrance, marking the most picturesque season for this Tujia ethnic mountain village.

“The table actually charges my phone wirelessly!” exclaimed tourist Ms. Tan, surprised when her phone began charging on a solar-powered bench in the food corridor.

Located in Badong County, Enshi Tujia and Miao Autonomous Prefecture, Tudianzi Village earned its name during the Ming Dynasty as a rest stop for merchants on the ancient Tea Horse Road. Long secluded in the mountains, the village has now gained fame as a model for rural energy revolution, achieving 24/7 zero-carbon operations and 100% green electricity supply.

Solar panels are ubiquitous here — on rooftops, pavilions, plaza corridors, chicken coops, and pigsties. “The village’s solar capacity reaches 1,800 kW. At full capacity for one hour, it can generate 1,800 kWh, enough to power the entire village for a day,” said Chen Wentao, person in charge of the State Grid Enshi’s development department.

Reliable electricity was once a distant dream for villagers. Aging power infrastructure — characterized by extensive grid coverage, outdated single-radial network designs, and seasonal load fluctuations — left communities vulnerable to frequent and prolonged outages, particularly during extreme weather.

A staff of State Grid Badong Power Supply Company is checking the breeze power generation equipment in Tudianzi Village. (Photo by Lei Yong/Xinhua)
A staff of State Grid Badong Power Supply Company is checking the breeze power generation equipment in Tudianzi Village. (Photo by Lei Yong/Xinhua)

“Whenever thunderstorms struck, power lines would fail, plunging the entire village into darkness,” recalled 75-year-old Hu De’an. Like many residents, Hu once relied entirely on firewood for light and heat. “Our homes were filled with smoke, but seeing firewood piled under the eaves was the only way we felt secure,” he said.

In September 2020, China unveiled its ambitious “dual carbon” goals to the world: achieving peak carbon emissions by 2030 and carbon neutrality by 2060.

Studies showed that traditional biomass fuels like firewood, burned through direct combustion, operate at a mere 10-15% efficiency while generating heavy carbon emissions. This inefficiency has thrust rural China into a critical dilemma — how to build resilient, clean energy networks that meet growing demand without compromising sustainability.

A breakthrough came in March 2023 when China’s National Energy Administration and three other ministries launched a landmark initiative. The plan prioritizes pilot projects to accelerate rural energy transitions, coupling clean power adoption with broad rural revitalization objectives. By August 2023, State Grid Hubei Electric Power had spearheaded a flagship demonstration project in Tudianzi Village, targeting three pillars: stable clean energy supply, efficient resource utilization, and green industrial development.

During a recent visit to Tudianzi’s black pig breeding base — an operation producing over 4,000 hogs annually — reporters observed a model of integration. Solar panels crowned the spotless pigsty roofs, while odor-free pathways defied backward farm.

The transformation stems from a 30-kilowatt biogas plant constructed adjacent to the facility. Engineered by local power authorities, the system collects manure from the breeding base and kitchen waste from nearby households, channeling them into a closed-loop cycle of “biomass resources – biogas – electricity – fertilizer”.

“Biogas is converted into electricity, while its byproducts — digestate and residues — are processed into fertilizers for farmland, achieving circular biomass utilization and clean energy supply,” said Su Lei, senior engineer of State Grid Hubei Electric Power Research Institute. Notably, the installation of an 80-cubic-meter gas storage tank ensures nighttime green power supply and enables off-grid operations when integrated with flexible energy storage systems.

For local farmer Feng Cailong, the project has brought tangible economic gains. “Previously, disposing pig waste cost over 40,000 yuan annually. Now, delivering it directly to the biogas plant not only cuts disposal expenses but also saves more than 60,000 yuan yearly in electricity, disinfection, and fertilizer costs for forage cultivation,” he informed.

These developments epitomize Tudianzi’s rural energy transformation. After nearly two years of construction, the village has established a low-carbon energy system dominated by wind and solar power, featuring agile microgrid-distribution network interactions and coordinated “source-grid-load-storage” operations. A multidimensional industrial ecosystem integrating renewable energy, livestock farming, and eco-tourism is taking shape.

In 2024, the village’s electricity consumption surged to 537,000 kWh, a 188% increase from 2022. Since launching its energy revolution, Tudianzi’s annual renewable energy output reaches 1.44 million kWh, equivalent to saving 472 tons of standard coal while reducing CO₂ emissions by 1,436 tons and SO₂ by 43 tons annually.

“With the village’s total installed renewable energy capacity now reaching 1,871 kilowatts, we not only achieve full green power supply for the entire village but also export substantial surplus electricity to external grids,” explained Yang Lin, official of the Development and Reform Commission of Enshi Tujia and Miao Autonomous Prefecture.

Hashtag: #EVcharging

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

GENE SOLUTIONS AND ELEMENT BIOSCIENCES ENTER STRATEGIC COLLABORATION TO ADVANCE NEXT-GENERATION SEQUENCING (NGS) TECHNOLOGY GLOBALLY

HO CHI MINH CITY, April 22, 2025 /PRNewswire/ — Gene Solutions, a leading multinational biotech company specializing in advanced genetic testing, and Element Biosciences, a company democratizing access to advanced life science solutions, have entered into a strategic collaboration. The collaboration was formalized with the signing of a Memorandum of Understanding (MoU) during Element Biosciences’ visit to Gene Solutions’ laboratory.

Mr. Edwin Hauw – Element Biosciences Senior Vice President (third from left) and Dr. Nguyen Huu Nguyen – Deputy CEO (third from right) hand over signed MoU
Mr. Edwin Hauw – Element Biosciences Senior Vice President (third from left) and Dr. Nguyen Huu Nguyen – Deputy CEO (third from right) hand over signed MoU

This collaboration aims to create significant synergies by combining Element Biosciences’ groundbreaking sequencing platforms with Gene Solutions’ innovative technologies in genetic solutions. Element Biosciences has rapidly emerged as a leading innovator in the next generation sequencing (NGS) field, delivering novel solutions that provide exceptional performance and flexibility for researchers. Gene Solutions, with its comprehensive portfolio of genetic tests, leveraging NGS and artificial intelligence, has reached over 4,500 hospitals and clinics in eight Asian countries and is actively expanding its global footprint.

Element Bioscience’s Aviti platform at Gene Solutions’ laboratory
Element Bioscience’s Aviti platform at Gene Solutions’ laboratory

Equity in Reproductive Health: Accessibility of Non-invasive Prenatal Testing (NIPT)

NIPT is one of the most well-known clinical applications of NGS technology worldwide. The test screens for genomic abnormalities in cell-free DNA fragments released from the placenta into the mother’s blood[1] and is recommended for all pregnant women from 9-10 weeks of gestation. Over the past eight years, Gene Solutions has developed a strong portfolio of NIPT (trademarked as triSureTM) and a comprehensive ecosystem for reproductive health from pre-birth to newborn and postnatal diagnosis. The company uniquely integrates recessive diseases and dominant single-gene disorders screening in a single workflow with NIPT, leveraging its AI platform and optimized lab protocols. Currently, Gene Solutions is researching the incorporation of pregnancy complications prediction into the NIPT test.

The NIPT market was valued at USD 5.20 billion in 2022 and is projected to grow to USD 19.09 billion by 2030[2]. Gene Solutions seeks to leverage Element’s accessible and affordable research solutions to support its aim to bring safe, accurate, and non-invasive screening tools to all pregnant women.

Precision Oncology: Advancing Cancer Care with Genomic Insights and Cutting-Edge Technology

Early detection is paramount in the fight against cancer. Gene Solutions has commercialized its AI-powered, clinically validated SPOT-MAS test, which has demonstrated strong efficacy in identifying cancers at early stages and those lacking established screening methods[3,4,5]. For cancer patients, the company has developed tailored solutions for selecting targeted therapies and immunotherapies, uniquely combining genomic and transcriptomic tumor profiling with personalized cancer monitoring (K-TRACK, K-4CARE) [6]. Research to support these advancements are made possible by the readiness of NGS platforms and AI algorithms. The collaboration between the two companies aims to further accelerate the research supporting integration of Gene Solution’s advanced cancer care tools into clinical practice globally.

Research into these advancements is made possible through AVITI24™, Element Biosciences’ first-of-its-kind multiomics platform. In addition to providing highly accurate NGS readouts, AVITI24 delivers simultaneous in situ transcriptomic, proteomic, and morphological profiling at single-cell resolution through its powerful Teton™ kits and assays. Powered by Element’s proprietary avidite base chemistry (ABC) sequencing, AVITI24 with Teton provides a direct window into complex biological mechanisms and pathways — paving the way for breakthrough discoveries. AVITI24 will deliver the scalable, unified multi-dimensional data that has long eluded researchers, and ultimately will accelerate the pace of scientific research. Gene Solutions will leverage this cutting-edge platform in its research pipelines, including the Clinical Multi-omics Project, 3D Patient-derived Organoids, and Neoantigen Cancer Vaccine pipeline. These initiatives represent the company’s visionary approach to incorporating Multi-modal AI and Multi-omics insights to unlock next frontiers in therapeutic development.

NGS Testing and Precision Medicine Accessibility

Dr. Nguyen Huu Nguyen, Deputy CEO of Gene Solutions, expressed: “Our foundation is in the research and development of genetic solutions. By combining Element Biosciences’ powerful platform with Gene Solutions’ expertise and market reach, we are confident that we can significantly enhance the accessibility and application of genomic advances.”

Edwin Hauw, Senior Vice President of Marketing & Product Management at Element Biosciences, added:  “Our collaboration with Gene Solutions will combine the best of both our worlds: Element’s revolutionary AVITI24 multiomics and AVITI sequencing platforms, and Gene Solutions expertise in bringing transformative genetic solutions to the APAC region. Together, we will elevate the research supporting the real-world impact these genetic testing solutions have downstream on patient outcomes.”

The MoU sets a framework for discussions on strategic partnerships, marketing efforts, customer-centric and technical support, and research and development opportunities. This collaboration promises to leverage the expertise of both parties to enhance genomics research, clinical research applications, and market accessibility for both companies’ global strategies.

About Gene Solutions

Gene Solutions, a multinational biotech company, offers a comprehensive genetic testing portfolio utilizing Next-Generation Sequencing (NGS) and Artificial Intelligence algorithms. The testing services include cell-free DNA non-invasive prenatal testing (NIPT), circulating tumor DNA (ctDNA) cancer screening, genomic profiling, and treatment monitoring. Established in 2017, Gene Solutions operates a network of seven NGS laboratories, including two central CAP-accredited laboratories in Singapore and Vietnam. With over two million tests provided to patients, we remain committed to delivering accessible genetic testing services to more than 4,500 hospitals and clinics across Singapore, Vietnam, Thailand, Indonesia, Malaysia, the Philippines, Hong Kong, and Taiwan. To learn more about Gene Solutions, please visit genesolutions.com.
Media Contact: pr@genesolutions.com

About Element Biosciences, Inc.

Element Biosciences is a life science company democratizing access to advanced biological tools, driving impactful discoveries to benefit humanity. Through innovating every fundamental element of a biological assay system, Element empowers customers with affordable, high-quality data and an improved user experience, which in turn will accelerate scientific research. To learn more about Element, please visit www.elementbiosciences.com and follow us on LinkedIn, X (Twitter), and Facebook.
Media Contact: media@elembio.com 

References:

[1] ACOG current guidance, accessed 04 April 2025.
[2] Fortune Business Insights.
[3] Nguyen, L. H. D., et al. (2025). Prospective validation study: a non-invasive circulating tumor DNA-based assay for simultaneous early detection of multiple cancers in asymptomatic adults. BMC Medicine, 23(1).
[4] Carbonell, Chantelle, et al. Cancer Control 31 (2024).
[5] Thien Nguyen, Chi Van, et al. “Evaluation of a multimodal ctDNA-based assay for detection of aggressive cancers lacking standard screening tests.” Future Oncology (2024): 1-11.
[6] Van-Anh Nguyen Hoang, et al. Real-World Utilization and Performance of Circulating Tumor DNA Monitoring to Predict Recurrence in Solid Tumors. JCO Oncology Advances 2, e2400084 (2025).

 

OMNICOM MEDIA GROUP TO CONSOLIDATE ALL INFLUENCER CAPABILITIES UNDER CREO

Consolidation Brings Industry-leading Playbook, Technology and Partnerships 
from Flagship Influencer Agency Brand to Clients Across OMG’s Global Footprint

NEW YORK, April 22, 2025 /PRNewswire/ — Omnicom Media Group (OMG), the media services division of Omnicom (NYSE: OMC) is consolidating all its influencer marketing capabilities globally under the Creo brand. With this move, OMG is putting the integrated “influencers as a media channel” playbook at the core of its global influencer offer to clients; and enabling clients across all of its markets to benefit from Creo’s first- mover data partnerships across the influencer ecosystem.

Responding to business outcomes and measurement challenges in a fragmented market segment, Creo’s integrated approach leverages the data assets within Omni – the open operating system that supports all Omnicom agencies – to enable more relevant creator discovery, more precise planning and measurement, and a more direct connection between creator and consumer actions.

“With influencers playing an outsized role in how consumers discover, experience and ultimately choose a brand, we’re bringing together the deep capabilities that we have built in this space – across all of our regions – under a single brand and approach to ensure that every client, in every market can access the same industry-leading talent, tools and technology to build influencer partnerships that unlock brand growth,” said OMG CEO Florian Adamski.

In select markets, the capabilities will operate as OMGCreo.

Global influencer marketing spend has more than tripled since 2020, with the market expected to reach $33 billion US in 20251 – up 37% from $24 billion in 2024.

Since launching as full-service influencer marketing agency three years ago, Creo has been applying its “influencers as a media channel” approach to campaigns for brands like Mountain Dew, Delta, and State Farm, elevating influencer strategies in the marketing mix, and expanding opportunities for influencers within media activation.

 At the same time, Creo is advancing both its offer to brands and the state of the art through a series of first-mover collaborations with leading social and commerce platforms – including data partnerships with Amazon, Google, Instacart, Snap and Tik Tok that bridge the gap between creators and commerce, expedite the path from creator to purchase, and leverage the increasing role that influencers play in search.

The consolidation will be boosted by the recent launch of three new first-to-market capabilities within Omni:

  • The Creator Briefing Tool utilizes Google Gemini to enable creators to leverage Omni audience, cultural and brand data to ideate and visualize content, and get instant feedback on how their approach aligns to the brief, target audience and current cultural moment.
  • The Creo Influencer Agent is a new AI-powered influencer selection tool that taps into millions of cultural data signals from Omni’s Q cultural intelligence suite to quickly identify influencers who align with brand goals, audience insights, and cultural trends.
  • The Omni Creator Performance Predictor utilises first-mover access to a new Meta API and leverages machine learning to predict which organic branded content on Instagram will deliver superior performance if boosted with paid media, as measured against awareness, consideration, or conversion objectives. In alpha tests of the Creator Performance Predictor, assets selected by the tool for promotion improved performance by +38% in comparison to those assets selected manually.

About Creo
Creo, an Omnicom Media Group agency, is as a data-driven, end-to-end influencer marketing agency that leverages the power of Omni – the open operating system that supports all Omnicom agencies – to approach influencer marketing like a media channel that can be planned, measured and optimized to deliver impact at all levels of the marketing funnel. For more information visit creo.com.

About Omnicom Media Group
Omnicom Media Group (OMG), the media services division of Omnicom (NYSE: OMC), delivers transformational experiences for consumers, clients, and talent. Powered by the Omni marketing orchestration system, OMG connects best -in-class capabilities that enable our full-service media agencies OMD, PHD and Hearts & Science to deliver more relevant and actionable consumer experiences; more productive and proactive client experiences; and more collaborative and rewarding talent experiences for the more than 26,000 people serving the world’s leading brands in OMG agencies around the globe. For more information visit omnicommediagroup.com.

1 Statista Research, March 2025

 

Moratelindo Selects Ribbon for Enhanced Submarine Network Capabilities

Advanced optical infrastructure delivers 20T capacity, automated management on 1,055 km JakartaSingapore link

PLANO, Texas, April 22, 2025 /PRNewswire/ — Ribbon Communications Inc. (Nasdaq: RBBN), a leading supplier of real-time communications technology and IP optical networking solutions, today announced that PT Mora Telematika Indonesia Tbk (“Moratelindo“) (IDX: MORA), one of Indonesia’s largest telecommunication infrastructure and network providers, through Ribbon’s local partner, has selected Ribbon’s cutting edge technology solutions to fulfill their growing requirements for reliable, high capacity connectivity and seamless, automated infrastructure management. Ribbon is dedicated to assisting the world’s largest service providers, enterprises and critical infrastructure operators in modernizing and safeguarding their networks and services.

“Ribbon’s innovative technology and track record were critical factors in our decision to work together,” said Michael C. McPhail, Moratelindo’s Chief Technical Officer. “This deployment extends and expands our successful partnership, and enables us to provide our customers with superior connectivity while optimizing our network operations.”

Moratelindo is gaining unparalleled performance and efficiency by leveraging Ribbon’s advanced 5nm-140Gbaud optical transport solutions, with 25 800G links for 20T capacity and Muse Multilayer Automation Platform, which helps providers maximize the value of IP Optical network investments through comprehensive control, analysis, design, and planning applications.

“Moratelindo plays a critical role in ensuring connectivity for people and businesses across Indonesia, and we’re pleased to extend our collaboration,” said Mickey Wilf, Vice President of Sales Asia, Ribbon. “We’re confident that our advanced solutions will enable them to continue delivering exceptional services to their customers.”

About Ribbon     
Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today’s smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with IP and optical networking solutions for 5G. We maintain a keen focus on our commitments to Environmental, Social and Governance (ESG) matters, offering an annual Sustainability Report to our stakeholders. To learn more about Ribbon, please visit rbbn.com.

Important Information Regarding Forward-Looking Statements  
The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including those regarding the expected benefits from use of Ribbon Communication’s products, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications’ business, please refer to the “Risk Factors” section of Ribbon Communications’ most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications’ views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications’ views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements at some point, Ribbon Communications specifically disclaims any obligation to do so.

Investor Contact
+1 (978) 614-8050
ir@rbbn.com       

Media Contact
Catherine Berthier
+1 (646) 741-1974
cberthier@rbbn.com

 

Scienjoy Holding Corporation Reports Fiscal Year 2024 Financial Results

Income from Operations up 78.5% Year Over Year
Net Income Increased by Approximately RMB60 million Year Over Year

BEIJING, April 22, 2025 /PRNewswire/ — Scienjoy Holding Corporation (“Scienjoy”, the “Company”, or “we”) (NASDAQ: SJ), an interactive entertainment leader in the Chinese market, today announced its financial results for the year ended December 31, 2024.

Fiscal Year 2024 Operating and Financial Summaries

  • Total revenues decreased to RMB1,363.4 million (US$186.8 million) for the year ended December 31, 2024 from RMB1,464.9 million for the year ended December 31, 2023.
  • Gross profit increased by 27.4% to RMB245.4 million (US$33.6 million) for the year ended December 31, 2024 from RMB192.7 million for the year ended December 31, 2023.
  • Income from operations increased by 78.5% to RMB40.7 million (US$5.6 million) for the year ended December 31, 2024 from RMB22.8 million for the year ended December 31, 2023.
  • Net income was RMB26.7 million (US$3.7 million) for the year ended December 31, 2024, increased by RMB61.7 million as compared to a net loss of RMB35.0 million for the year ended December 31, 2023.
  • Net income attributable to the Company’s shareholders was RMB39.7 million (US$5.4 million) for the year ended December 31, 2024, increased by RMB70.5 million, as compared with a net loss attributable to the Company’s shareholders of RMB30.8 million for the year ended December 31, 2023.
  • Adjusted net income attributable to the Company’s shareholders was RMB50.3 million (US$6.9 million) for the year ended December 31, 2024, increased by RMB62.0 million as compared with a net loss adjusted attributable to the Company’s shareholders of RMB11.7 million for the year ended December 31, 2023.
  • As of December 31, 2024, the Company had cash and cash equivalent balance of RMB252.5 million (US$34.6 million), which represented an increase of RMB47.1 million from RMB205.5 million as of December 31, 2023.

Mr. Victor He, Chairman and Chief Executive Officer of Scienjoy, commented, “In 2024, Scienjoy delivered a strong performance amid intense competition and complex macroeconomic conditions. We are proud to report significant growth in both gross profit and income from operations—rising by 27.4% and 78.5% respectively. These results reflect our ability to efficiently convert high-quality paying users into profit growth in an increasingly mature and competitive market. We also made meaningful progress in our global expansion strategy. Leveraging our strategic regional hub in Dubai, we have launched targeted promotional initiatives in the Middle East and North Africa—a region brimming with potential and vitality. Meanwhile, our diversified product portfolio drives organic growth through the integration of online and offline innovations. We believe these consumer-centric innovations have strengthened our market position in smart lifestyle solutions and demonstrate our commitment to create long-term value for stakeholders.

Looking ahead, we are focusing on expanding global presence while investing further in cutting-edge Artificial Intelligence Generated Content, or AIGC, technologies and integrating them across our product ecosystem. We believe these efforts will pave the way for sustained growth and enduring success.”

Mr. Denny Tang, Chief Financial Officer of Scienjoy, added, “We are pleased to share our strong financial performance for fiscal year 2024, which underscores the effectiveness of our strategic execution and disciplined financial management. Our income from operations significantly surged by 78.5% year-over-year, reflecting the success of our strategic initiatives and operational efficiencies. Additionally, we achieved a net income of RMB26.7 million in 2024 —an impressive turnaround from a net loss in 2023 by approximately RMB60 million. This significant improvement reflects the resilience of our business model and the dedication of our team in navigating a rapidly evolving market landscape. The fiscal year 2024 results validate our strategic focus and provide a solid foundation for growth. With an eye to the future, we remain steadfast in our commitment to innovation and growth, particularly in advancing our market position within the Metaverse field. Our continued investments in innovative technology, top-tier talent, and global expansion are set to unlock new opportunities and position us at the forefront of dynamic Metaverse industry. As we advance on our globalization journey, we remain confident that our strategic vision and operational excellence will continue to drive meaningful results in the years to come.”

Fiscal Year 2024 Financial Results

Total revenues decreased to RMB1,363.4 million (US$186.8 million) for the year ended December 31, 2024 from RMB1,464.9 million for the year ended December 31, 2023, primarily caused by a decrease in paying users due to competitive landscape of China’s mobile live streaming market. Total paying users were 494,652 for the year ended December 31, 2024, compared to 557,692 for the year ended December 31, 2023.

Cost of revenues decreased to RMB1,117.9 million (US$153.2 million) for the year ended December 31, 2024 from RMB1,272.1 million for the year ended December 31, 2023. The decrease was primarily attributable to a decrease of RMB123.7 million in the Company’s revenue sharing fees and a decrease of RMB26.5 million in the Company’s user acquisition costs due to the fact that the Company already had a stable market share. 

Gross profit increased by 27.4% to RMB245.4 million (US$33.6 million) for the year ended December 31, 2024 from RMB192.7 million for the year ended December 31, 2023. The gross margin increased to 18.0% for the year ended December 31, 2024 from 13.2% in the year ended December 31, 2023 due to higher average live streaming revenue per paying user (“ARPPU”) during the year ended December 31, 2024, showing the Company’s effectiveness in converting high-quality paying user to its profit growth.

Total operating expenses increased by 20.5% to RMB204.7 million (US$28.0 million) for the year ended December 31, 2024 from RMB169.9 million for the year ended December 31, 2023.

  • Sales and marketing expenses increased by 420.2% to RMB7.0 million (US$1.0 million) for the year ended December 31, 2024 from RMB1.4 million for the year ended December 31, 2023, primarily attributable to sales and marketing activities in our new subsidiaries in Dubai. The Company is taking initiative in Dubai market, aiming at global expansion starting from the dynamic Middle East and North Africa (“MENA”) region.
  • General and administrative expenses increased by1.4% to RMB76.6 million (US$10.5 million) for the year ended December 31, 2024 from RMB75.6 million for the year ended December 31, 2023. The increase was primarily due to an increase of RMB5.9 million in employee salary and welfare, offset by a decrease of RMB2.5 million in office renovation expenses and a decrease of RMB2.4 million in share-based compensation.
  • Research and development expenses increased by 20.4% to RMB90.5 million (US$12.4 million) for the year ended December 31, 2024 from RMB75.1 million for the year ended December 31, 2023, due to an increase of RMB14.7 million in technical service fee and an increase of RMB1.1 million in employee salary and welfare.
  • Provision for credit losses increased by 71.2% to RMB30.6 million (US$4.2 million) for the year ended December 31, 2024 from RMB17.9 million for the year ended December 31, 2023, primary due to a one-time write-off of a RMB30.0 million investment buyback receivable.

Income from operations increased by 78.5% to RMB40.7 million (US$5.6 million) for the year ended December 31, 2024 from RMB22.8 million for the year ended December 31, 2023.

Change in fair value of contingent consideration was nil for the year ended December 31, 2024, as compared to a loss of RMB5.6 million for the year ended December 31, 2023. Change in fair value of contingent consideration is derived from earn out liabilities resulted from historical acquisitions. The fair value of the contingent consideration is re-measured at each reporting period, and the change in fair value is recognized as either income or expense.

Change in fair value of warrants liability was nil for the year ended December 31, 2024, as compared to a gain of RMB0.2 million for the year ended December 31, 2023. The fair value of the Company’s warrants derivative liability assumed from the SPAC acquisition is re-measured to its fair value at the end of each reporting period, with the change being recorded as other expense or gain. In February 2024, the Company’s warrants expired according to the terms of the warrant agreement.

Change in fair value of investment in marketable security was a gain of RMB6.1 million (US$0.8 million) for the year ended December 31, 2024, as compared to a loss of RMB9.0 million for the year ended December 31, 2023. The change was primarily attributable to the fair value changes in investments in a publicly traded company.

Investment loss decreased to RMB5.7 million (US$0.8 million) for the year ended December 31, 2024 as compared with an investment loss of RMB31.3 million for the year ended December 31, 2023. The investment loss was primarily attributable to share of unrealized loss in long-term investments.

Impairment of long-term investments decreased to RMB10.4 million (US$1.4 million) for the year ended December 31, 2024, from RMB11.8 million for the year ended December 31, 2023.

Net income was RMB26.7 million (US$3.7 million) for the year ended December 31 2024, increased by RMB61.7 million as compared to a net loss of RMB35.0 million for the year ended December 31, 2023. 

Net income attributable to the Company’s shareholders was RMB39.7 million (US$5.4 million) for the year ended December 31, 2024, increased by RMB70.5 million as compared to a net loss attributable to the Company’s shareholders of RMB30.8 million for the year ended December 31, 2023.

Adjusted net income attributable to the Company’s shareholders was RMB50.3 million (US$6.9 million) for the year ended December 31, 2024, increased by RMB62.0 million as compared to a net loss adjusted attributable to the Company’s shareholders of RMB11.7 million for the year ended December 31, 2023.

Basic and diluted net income attributable to the Company’s shareholders per ordinary share was RMB0.96 (US$0.13) and RMB0.95 (US$0.13) for the year ended December 31, 2024. In comparison, basic and diluted net loss attributable to the Company’s shareholders per ordinary share were both RMB0.76 for the year ended December 31, 2023.

Adjusted basic and diluted net income attributable to the Company’s shareholders per ordinary share was RMB1.22 (US$0.17) and RMB1.21 (US$0.17) for the year ended December 31, 2024. In comparison, adjusted basic and diluted net loss attributable to the Company’s shareholders per ordinary share were both RMB0.29 for the year ended December 31, 2023

As of December 31, 2024, the Company had cash and cash equivalent balance of RMB252.5 million (US$34.6 million), which represented an increased by of RMB47.1 million from RMB205.5 million as of December 31, 2023. 

About Scienjoy Holding Corporation

Scienjoy is a pioneering Nasdaq-listed interactive entertainment leader. Driven by the vision of shaping a metaverse lifestyle, Scienjoy leverages AI-powered technology to create immersive experiences that resonate with global audiences, fostering meaningful connections and redefining entertainment. For more information, please visit http://ir.scienjoy.com/.

Use of Non-GAAP Financial Measures

Adjusted net income is calculated as net income adjusted for change in fair value of contingent consideration, change in fair value of warrant liability and share based compensation. Adjusted basic and diluted net income per ordinary share is non-GAAP net income (loss) attributable to ordinary shareholders divided by weighted average number of ordinary shares used in the calculation of non-GAAP basic and diluted net income per ordinary share. The non-GAAP financial measures are presented to enhance investors’ overall understanding of the Company’s financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. Investors are encouraged to review the reconciliation of the historical non-GAAP financial measures to its most directly comparable GAAP financial measures. As non-GAAP financial measures have material limitations as analytical metrics and may not be calculated in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measures as a substitute for, or superior to, such metrics in accordance with US GAAP.

For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of Non-GAAP Results” near the end of this release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.2993 to US$1.00, the noon buying rate in effect on December 31, 2024, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB amounts could have been, or could be, converted, realized or settled in U.S. dollars at that rate on December 31, 2024, or at any other rate.

Safe Harbor Statement

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in the Company’s filings with the Securities and Exchange Commission (“SEC”) from time to time. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.

For investor and media inquiries, please contact:

Investor Relations Contacts

Denny Tang
Chief Financial Officer
Scienjoy Holding Corporation
+86-10-64428188
ir@scienjoy.com 

Ascent Investor Relations LLC

Tina Xiao
+1-646-932-7242
investors@ascent-ir.com 

 

 

CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except share and per share data or otherwise stated)

As of December 31,

2023

2024

2024

RMB

RMB

US$

ASSETS

Current assets

     Cash and cash equivalents

205,465

252,540

34,598

     Accounts receivable, net

260,979

226,060

30,970

     Prepaid expenses and other current assets

78,653

28,415

3,893

     Amounts due from related parties

355

     Investment in marketable security

31,525

37,629

5,155

Total current assets

576,977

544,644

74,616

Non-current assets

     Property and equipment, net

2,193

1,981

271

     Intangible assets, net

412,154

405,256

55,520

     Goodwill

182,467

182,661

25,024

     Long term investments

254,411

257,387

35,262

     Long term deposits and other assets

726

906

124

     Right-of-use assets-operating lease

12,157

4,845

664

     Deferred tax assets

7,379

7,505

1,028

Total non-current assets

871,487

860,541

117,893

TOTAL ASSETS

1,448,464

1,405,185

192,509

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities

     Accounts payable

73,183

36,015

4,934

     Accrued salary and employee benefits

14,763

22,346

3,061

     Accrued expenses and other current liabilities

27,610

6,840

937

     Income tax payable

13,005

11,284

1,546

     Lease liabilities-operating lease -current

7,974

4,098

561

     Deferred revenue

97,586

80,186

10,985

Total current liabilities

234,121

160,769

22,024

Non-current liabilities

     Deferred tax liabilities

59,818

58,400

8,001

     Lease liabilities-operating lease -non-current

4,798

700

96

Total non-current liabilities

64,616

59,100

8,097

TOTAL LIABILITIES

298,737

219,869

30,121

Commitments and contingencies

EQUITY

     Ordinary share, no par value, unlimited Class A
          ordinary shares and Class B ordinary shares
          authorized, 38,113,879 Class A ordinary shares and
          2,925,058 Class B ordinary shares issued and
          outstanding as of December 31, 2023, respectively.
          38,922,726 Class A ordinary shares and 2,925,058
          Class B ordinary shares issued and outstanding as
          of December 31, 2024, respectively.

     Class A ordinary shares

423,623

444,162

60,850

     Class B ordinary shares

23,896

23,896

3,274

     Shares to be issued

30,777

20,817

2,852

     Treasury stocks

(19,216)

(19,952)

(2,733)

     Statutory reserves

44,698

50,705

6,947

     Retained earnings

628,821

662,499

90,762

     Accumulated other comprehensive income

17,965

16,967

2,324

Total shareholders’ equity

1,150,564

1,199,094

164,276

Non-controlling interests

(837)

(13,778)

(1,888)

Total equity

1,149,727

1,185,316

162,388

TOTAL LIABILITIES AND EQUITY

1,448,464

1,405,185

192,509

 

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME

(All amounts in thousands, except share and per share data or otherwise stated)

For the years ended December 31,

2023

2024

2024

RMB

RMB

US$

Live streaming – consumable virtual
     items revenue

1,420,258

1,317,601

180,510

Live streaming – time based virtual item
     revenue

25,004

24,935

3,416

Technical services and others

19,609

20,848

2,857

Total revenue

1,464,871

1,363,384

186,783

Cost of revenues

(1,272,145)

(1,117,942)

(153,157)

Gross profit

192,726

245,442

33,626

Sales and marketing expenses

(1,355)

(7,049)

(966)

General and administrative expenses

(75,582)

(76,629)

(10,498)

Research and development expenses

(75,116)

(90,461)

(12,393)

Provision for credit losses

(17,865)

(30,584)

(4,188)

Income from operations

22,808

40,719

5,581

Change in fair value of contingent
     consideration

(5,624)

Change in fair value of warrant liabilities

170

Change in fair value of investment in
     marketable security

(9,023)

6,103

836

Investments loss

(31,328)

(5,742)

(787)

Impairment of long-term investments

(11,800)

(10,425)

(1,428)

Interest income, net

2,739

3,211

440

Other income, net

7,449

1,609

220

Foreign exchange (loss) gain, net

(1,887)

3,805

521

Income (loss) before income taxes

(26,496)

39,280

5,383

Income tax expense

(8,480)

(12,597)

(1,726)

Net (loss) income

(34,976)

26,683

3,657

Less: net loss attributable to
     noncontrolling interest

(4,188)

(13,002)

(1,781)

Net (loss) income attributable to the
     Company’s shareholders

(30,788)

39,685

5,438

Other comprehensive (loss) income:

Other comprehensive loss – foreign
     currency translation adjustment

(105)

(998)

(137)

Comprehensive (loss) income

(35,081)

25,685

3,520

Less: comprehensive loss attributable
     to non-controlling interests

(4,188)

(13,002)

(1,781)

Comprehensive (loss) income
     attributable to the Company’s
     shareholders

(30,893)

38,687

5,301

Weighted average number of shares

Basic

40,649,414

41,367,946

41,367,946

Diluted

40,649,414

41,564,237

41,564,237

(Loss) earnings per share

Basic

(0.76)

0.96

0.13

Diluted

(0.76)

0.95

0.13

 

 

 

Reconciliations of Non-GAAP Results

(All amounts in thousands, except share and per share data or otherwise stated)

For the years ended December 31,

2023

2024

2024

RMB

RMB

US$

Net (loss) income attributable to the Company’s
     shareholders

(30,788)

39,685

5,438

Less:

Change in fair value of contingent consideration

(5,624)

Change in fair value of warrants liability

170

Share based compensation

(13,637)

(10,579)

(1,449)

Adjusted net (loss) income attributable to the Company’s
     shareholders*

(11,697)

50,264

6,887

Adjusted net (loss) income per ordinary share

Basic

(0.29)

1.22

0.17

Diluted

(0.29)

1.21

0.17

“Adjusted net (loss) income attributable to the Company’s shareholders” is defined as net (loss) income
attributable to the Company’s shareholders excluding change in fair value of contingent consideration,
change in fair value of warrant liability and share based compensation. For more information, refer to
“Use of Non-GAAP Financial Measures” and “Reconciliations of Non-GAAP Results” at the end of this
press release.

 

WiMi Files Its Annual Report on Form 20-F

BEIJING, April 22, 2025 /PRNewswire/ — WiMi Hologram Cloud Inc. (Nasdaq: WIMI) (“WiMi” or the “Company”), a leading hologram augmented reality (“AR”) technology provider, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission (the “SEC”).

The company reported that its operation result made a significant turnaround, transitioning from a net loss of around RMB 510.4 million in 2023 to a net income of approximately RMB 103.3 million (USD 14.4 million) in 2024. This remarkable shift highlights the company’s effective operation strategies and strong management.

Moreover, the company had a substantial increase in its cash and cash equivalents and Short-term investments, which further solidifies its financial position. Our Cash and cash equivalents and Short-term investments increased by approximately RMB 1.14 billion, or 148.0%, from approximately RMB 773.9 million for the year ended December 31, 2023 to approximately RMB 1.92 billion (USD 266.9 million) for the year ended December 31, 2024.This improved financial situation equips the company to pursue new development opportunities, invest in innovation research, and drive future business growth. 

The information disclosed in this press release does not purport to be complete and is qualified in its entirety by reference to the Company’s annual report on Form 20-F. The annual report, which contains the Company’s audited consolidate statements, can be accessed on the SEC’s website at http://www.sec.gov  and on the Company’s investor relations website at http://ir.wimiar.com/

The Company will provide a copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to Investor Relations Department, Room#1508, 4th Building, Zhubang 2000 Business Center, No. 97, Balizhuang Xili, Chaoyang District, Beijing, The People’s Republic of China..

About WIMI Hologram Cloud Inc.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI), whose commercial operations began in 2015, is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies. For more information, please visit http://ir.wimiar.com

Safe Harbor / Forward-Looking Statement

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.

 

Starburst Appoints Jitender Aswani as SVP of Engineering to Lead Innovation for Data Platform and Accelerate AI Deployment

BOSTON, April 22, 2025 /PRNewswire/ — Starburst, the data platform for apps and AI, today announced the appointment of Jitender Aswani as Senior Vice President of Engineering. Aswani brings more than two decades of experience building and scaling high-performance technical teams, with deep expertise in machine learning, data infrastructure, and cloud technologies. In his new role, Aswani will lead Starburst’s global engineering organization and drive innovation across its modern data platform for apps and AI. He will report directly to Starburst CEO and Co-Founder, Justin Borgman.

Aswani joins Starburst with a proven track record of engineering leadership at some of the world’s most innovative technology companies. Most recently, he was Vice President of Engineering at StarTree, where he led engineering strategy and execution for distributed, multi-cloud real-time analytics platforms. He also served as the acting Chief Information Security Officer (CISO), overseeing the company’s security strategy and operations.

Previously, Aswani was Head of Engineering at Moveworks, leading teams that built AI-powered enterprise solutions. He held leadership roles at both Netflix and Meta, where he specialized in data science, security, and infrastructure. At Meta, he was one of the first users of Trino (formerly Presto) at Facebook, giving him a unique and valuable perspective on Starburst’s core technology.

“Starburst is at the forefront of a massive shift in how companies build and scale AI, and I’m incredibly excited to join a team that’s enabling that transformation,” said Jitender Aswani. “As a data platform for apps and AI built on a data lakehouse architecture, Starburst is uniquely positioned to accelerate AI from development to deployment and I’m thrilled to contribute to that mission.”

Aswani’s experience spans early-stage startups to global enterprises, giving him a thoughtful approach to scaling teams and applying the right amount of process at each stage of growth. He holds multiple patents in machine learning, data management, and graph optimization, and earned an MBA from the University of Chicago Booth School of Business.

“Jitender is a phenomenal addition to Starburst. His deep technical background, passion for AI, and leadership experience across organizations of all sizes make him the ideal person to guide our engineering team through this next phase of growth,” said Justin Borgman, CEO and Co-Founder of Starburst. “He also brings a strong strategic mindset and values that align perfectly with our culture.”

Supporting Resources

Download a headshot of Jitender Aswani here.

About Starburst

Starburst is the data platform for analytics, applications, and AI, unifying data across clouds and on-premises to accelerate AI innovation. Organizations—from startups to Fortune 500 enterprises in 60+ countries around the globe — customers rely on Starburst for fast data access, seamless collaboration, and enterprise-grade governance on an open data lakehouse. Wherever data lives, Starburst unlocks its full potential, powering data and AI from development to deployment. By future-proofing data architecture, Starburst helps businesses fuel innovation with AI. Learn more at starburst.ai.

MaaltalkNow Introduces Free eSIM Campaign as Emerging AI Travel App

A Free 1GB Welcome eSIM Offer Expands Access to Global Travel Connectivity

SHERIDAN, Wyo., April 22, 2025 /PRNewswire/ — Dial Communications, a fast-growing provider of AI-supported travel solutions, has announced the launch of a Free 1GB Welcome eSIM Promotion via its app, MaaltalkNow. With over 200,000 registered users across more than 180 countries, the platform expands access to seamless connectivity while redefining what users expect from mobile travel tools. The company positions MaaltalkNow not only as an eSIM provider, but as an emerging AI travel app equipped to support travelers in real time.

MaaltalkNow Introduces Free eSIM Campaign as Emerging AI Travel App
MaaltalkNow Introduces Free eSIM Campaign as Emerging AI Travel App

AI-Powered Travel, Built for the Real World

The MaaltalkNow app enhances the typical eSIM setup by offering personalized data plan recommendations, drawing from AI analysis and the most popular packages, to help travelers find the fastest, most practical options for their destination. In addition to this recommendation feature, the app supports travelers throughout their journey with the following tools:

  • Network performance checks that help users monitor data speed and connection quality in real time
  • Context-aware visual interpretation to help users understand menus, signage, and labels through AI language translation powered by the phone’s camera and AI
  • An interactive expense tracker that reflects real-time exchange rates

Together, these tools respond to the needs of modern travelers, offering clarity and control in unfamiliar settings. From departure to arrival, the app helps users stay connected and organized. Its all-in-one approach combines connectivity, decision support, and trip management in a single, intuitive platform.

Promotion Details

  • How to access: Download MaaltalkNow from the App Store or Google Play and follow the in-app event banner
  • Included benefit: 1GB of complimentary eSIM data (valid for 7 days) available in 70+ countries, including Mexico, Japan, the UK, France, Italy, Portugal, Canada, and Caribbean nations such as Jamaica
  • Eligibility: Available to first-time users with eSIM-capable devices; offer valid while supplies last

“MaaltalkNow is designed to do more than just deliver data,” said Seunghwan Lee, CEO of Dial Communications. “It’s about making travel more manageable, especially for users navigating unfamiliar destinations.”

Defining a New Category in Travel Apps

The launch comes as eSIM adoption rises among international travelers, and demand grows for flexible, app-based mobile access. With its blend of eSIM integration and AI-backed features, MaaltalkNow is part of a new generation of mobile apps helping users connect, navigate, and manage their trips in real time. Instead of replicating planning tools or booking services, MaaltalkNow focuses on supporting travelers in the moment, with context-aware assistance, real time insights, and AI agent capabilities planned for future updates.

To claim your free eSIM and explore the promotion, download MaaltalkNow from the Apple App Store or Google Play, or visit the event page (https://event.maaltalk.com/free-welcome-esim-with-ai-travel-app-maaltalknow). To learn more about the app’s AI-powered travel features or to explore available data plans, visit the Maaltalk eSIM official website (https://shop.maaltalk.com).

About Dial Communications

Founded in Seoul, South Korea, in 2003, Dial Communications specializes in providing cutting-edge eSIM technology and travel solutions for global users. With the vision of “Breaking Boundaries in Travel Through Technology,” the company serves international travelers across more than 180 countries. Dial Communications continues to advance global connectivity, fostering meaningful international travel experiences through strategic partnerships and ongoing technological advancements. In 2024, Dial Communications established its U.S. subsidiary, Maaltalk Inc., to further support its global expansion. For more information, please visit https://shop.maaltalk.com.

For media inquiries, please contact:

U.S. Office: Maaltalk Inc.
30 N Gould St Ste R
Sheridan, WY 82801, USA

Email: press@maaltalk.com