CIMC is betting on a new round of growth by shooting “triple arrows” of its innovative businesses ACN Newswire

CIMC is betting on a new round of growth by shooting “triple arrows” of its innovative businesses

February 8, 2023
HONG KONG, Feb 8, 2023 - (ACN Newswire via SEAPRWire.com) - On the closing night of 20 January, CIMC (000039.SZ) released 2022 results forecast. During the reporting period, net profit attributable to the parent was RMB3 billion to RMB3.8 billion, and net profit attributable to the parent after deducting non-recurring gains and losses was estimated to be RMB3.6 billion to RMB5.2 billion. There exited a certain gap for the figures compared with the same period last year, which however is within the expected range. Combined with the recent trend of container transportation industry plus the figures released in the third quarter of last year, it can be found that the gap has been fully digested by the market.(Photo credit: Futu, collated by Gelonghui)(Source: research report of Essence Securities)In addition, upon the release of the annual results alert, CIMC's H shares also had a relatively stable and upward trend in trading sessions after the opening of the Hong Kong stock market in the Year of the Rabbit, with a cumulative increase of 2.76% in just two trading days, making a "good start".High-quality growth ideas of "container leader": seeking new growth points in the future through innovationIn the past year, despite the combined impact of multiple complex factors such as geopolitical incidents, rising inflation overseas, aggressive rate hikes in Europe and the United States, and slowdown of the global economy, CIMC has generally maintained a good momentum of "improving quality and increasing efficiency" and demonstrated strong business resilience, achieving steady progress. In 2023, CIMC has established and thoroughly implemented the new development concept, focusing on high-quality growth.What is the development concept of high-quality growth? In order to change its stereotype in the market, CIMC, as the "container leader" in the world, is planning to maintain and improve its existing product advantages and build a model enterprise of operational excellence by strengthening technological innovation, creating smart products and promoting intelligent manufacturing.It is easy to see that CIMC's new round of growth in the future is inseparable from technological innovation, continuous upgrading of manufacturing capabilities and models, improvement in strengths of product and service capabilities, as well as superior operational management mode of lean management and quality improvement and efficiency increase.Historically, CIMC has been a company committed to sustainable growth. In recent years, the reason why CIMC has been able to achieve steady growth and survived cyclical turbulence in an erratic and complex external environment is, in short, continuous seeking of new future growth points based on its original pillar businesses, solid development of its rooted industries and release of its leading advantages.Today, CIMC's innovative businesses are showing multiple points of development, which can be commendable and the results are beginning to emerge. They have beneficially complemented and linked to the original foundation, weakness or strength, enabling the expansion and integration of the Company's businesses and the enhancement of its comprehensive strength to be rolled out smoothly in a better way.Meanwhile, CIMC's continued exploration of innovative businesses will be a strong booster for its future "high-quality growth".As we all know, CIMC is a leading global supplier of equipment and solutions for the logistics and energy industries, with its industrial clusters mainly covering the logistics and energy sectors. One of the key cores supporting its development in the two sectors is CIMC's advanced production modes and manufacturing capabilities. However, any manufacturing industry cannot do without full support and coordination of the upstream and downstream of the value chain.Following these three directions, let's take a look at how CIMC has developed its innovative businesses.The first arrow of innovative businesses was shot at clean energy, yielding unusually brilliant results in niche main tracksCIMC's first arrow of developing innovative businesses in the energy industry was shot at clean energy. Among numerous niche tracks, it chose the two main tracks of energy storage and hydrogen energy respectively, achieving remarkable results by completing a critical layout with outstanding results, which laid a solid foundation for future growth.Nowadays, energy storage has become an indispensable part of new energy power generation and also one of the key technologies for countries to advance their carbon neutrality goals. As a result, the energy storage industry is considered to be the most certain golden track in the new energy industry.At the moment, a research report published by the institute of Essence Securities believes that the global energy storage industry may usher in a greater boom in 2023, which concludes from the revenue, cost and policy that stimulus for such energy storage boom may have been ready.From the policy, the current rapidly growing demand for energy storage installations in the PRC is mainly attributable to policy requirements for new energy installations. Local governments require that new energy installations shall be mandatorily equipped with a certain percentage of energy storage devices. For example, Hunan Province requires wind power and centralised photovoltaic power generation to be equipped with no less than 15% energy storage devices, while Shanghai requires offshore wind power to be equipped with no less than 20% energy storage devices. Other provinces and cities require the allocation of energy storage for new energy installations ranging from 2% to 20%.The "Energy Storage Industry Research White Paper 2022" points out that the new energy storage will grow at a CAGR of 53.3% from 2022 to 2026, showing a steady and rapid growth of the energy storage market. Given multiple certainties in the development of energy storage industry, CIMC has leveraged its strength to enter the energy storage track in order to capture the industry's strong and sustainable growth momentum in future.In the author's view, since 2021, CIMC's container integrated business has been carrying out energy storage related business.In 2021, CIMC's container integrated equipment business continued with rapid growth and forged closer cooperation with the industry's leading customers. Its integrated energy equipment business mainly focuses on four aspects: new energy power transformation equipment, power generation equipment, electrochemical energy storage equipment and new energy charging equipment. Among them, new energy power transformation and energy storage equipment is the key business development direction for the container segment in the future. On 16 November 2022, Fujian CIMC New Energy Technology Co., Ltd. was established, which is a company indirectly wholly owned by CIMC, and its business scope includes energy storage technology services; centralized fast charging stations; manufacturing of new energy primary power equipment; sales of batteries and others. It may indicate that CIMC will fully accelerate its presence in the energy storage industry chain.From 2023 onwards, it is believed that in the energy storage sector, CIMC will also be able to bring into play its extensive experience and industrial advantages, such as in its container integrated equipment business. This will further fit its ongoing promotion of the "parity programme" of offshore wind power, thus making up the last "short board" of its innovative businesses in the new energy industry.It is worth noting that CIMC has established its core advantages in the key parts of hydrogen energy industry chain. CIMC is fully accelerating its presence and development of hydrogen energy, and from the Group as a whole, CIMC Enric is one of the leading players in hydrogen energy development. With storage equipment, transportation equipment and hydrogen refueling equipment being its major business areas, the company aims to become a leader in the key parts.It is reported that CIMC Enric has become one of the major suppliers of third generation hydrogen storage cylinders and has formed a joint venture with HEXAGON, a world class supplier of Type IV ("T4") hydrogen cylinders and system technology and design, which will provide the production, storage and transportation solutions of Type III and T4 hydrogen storage cylinders for the fast-growing high-pressure hydrogen storage and transportation in China and Southeast Asia, as well as the production of hydrogen supply systems.With the construction of hydrogen refueling stations in China expected to usher in a period of rapid development, CIMC Enric will seize the opportunity of new construction demand for hydrogen refueling stations and explore the development of new models such as skid-mounted hydrogen refueling stations and integrated hydrogen production and refueling stations.In fact, as early as 2006, CIMC Enric, the representative of CIMC tapping into the field of hydrogen energy, started to deploy its hydrogen energy business. After more than 20 years of accumulation, CIMC has established a profound foundation in the upstream and downstream of the hydrogen energy industry chain, and CIMC Enric has deservedly become the pioneer of CIMC's hydrogen energy business. Once the hydrogen energy track continues to boom in China in the future, CIMC Enric's leading position in hydrogen energy storage and transportation, as well as its growth potential, will be released accordingly.The second arrow of innovative businesses was shot at cold chain logistics, with CIMC Cold Chain releasing huge growth potentialAs mentioned in the beginning, another pillar on which CIMC's dominant industrial cluster focuses is the logistics sector. To this end, CIMC has shot its second arrow of innovative businesses at cold chain logistics. The cold chain logistics industry, which connects primary, secondary and tertiary industries, is an important industry to effectively link up rural revitalization and promote consumption upgrade.Since the end of 2021, certain policies in relation to the domestic cold chain logistics sector have continued to be implemented. The 14th Five-Year Plan for the Development of Cold Chain Logistics clearly states that by 2025, China will initially form a cold chain logistics network that links the production and sales places, covers urban and rural areas, and connects the markets at home and abroad. Since 2022, many provinces and cities across the country have also issued relevant policies to support the development of cold chain logistics.The policy effort is expected to bring significant changes and improvements to the supply side of the domestic cold chain logistics industry, and the pandemic period of the past three years has also fundamentally accelerated the shift in demand across the industry. Whether imported or domestic, China's cold chain logistics industry is experiencing its most flourishing period.By the end of 2020, the domestic cold chain logistics market size exceeded RMB480 billion, with a cold storage capacity of approximately 180 million cubic meters and a refrigerated van fleet of more than 280,000 vehicles. As for food cold chain accounting for up to 90% in the market, its overall penetration rate was approximately 40%, and compared to the 80-90% penetration rate in developed countries (such as Japan and the United States), there was still a potential growth space of one or more times. In 2019, before the outbreak of the COVID-19 pandemic, China's medicine cold chain accounted for approximately 9%, corresponding to approximately RMB13 billion cold chain logistics market. In the medium and long term, the continuous expansion of the medicine market, including vaccines, may drive the rapid growth of the medicine cold chain industry. Once the penetration rate reaches 40-50%, it represents an incremental space of RMB40-50 billion in cold chain logistics. In addition, in terms of the cold chain transportation rate of agricultural products in China, there is still a large room for improvement compared with the rate of 80%-95% in developed countries. The shortage of cold chain transportation rate also causes a high spoilage rate of agricultural products. For example, the spoilage rate of fruits and vegetables in China is approximately 15%, far higher than the average level of 5% in developed countries. All of these are issues in urgent need to be resolved in the cold chain logistics, which in turn bring huge opportunities for development to them as well.By and large, the scale of China's cold chain logistics industry, also as a development direction with higher certainty, will reach trillion in RMB taking the long view.As the most critical link with the highest technical content in cold chain logistics, cold chain equipment assumes an irreplaceable role.This is because in every link of cold chain logistics, namely from the "first kilometer", "circulation and transportation" to the "last kilometer", appropriate cold chain equipment shall be allocated to ensure refrigeration and freezing throughout the process. Especially in the medicine cold chain, in order to ensure the entire circulation process of drugs always within a specific temperature range, it has a strict operational process in the medicine cold chain transportation, with more stringent requirements on temperature control, temperature fluctuations monitoring and other aspects throughout the process.Since CIMC set up its first reefer container company in Shanghai in 1995, after 27 years of engagement in the industry, CIMC has become the largest global high-end cold chain equipment solution provider with a wide coverage and complete industrial chain, gradually forming a comprehensive layout of cold chain equipment by land, sea and air.In 2017, in order to expand and improve its strategic business chain of cold chain equipment, CIMC successfully incubated a "dual-innovation" enterprise, CIMC Cold Chain, which leverages CIMC's technological and manufacturing advantages in marine reefer containers and refrigerated vans to develop portable cold store business.At the end of 2020, CIMC Cold Chain formally introduced external strategic investors and embarked on a new "fast track" of development, focusing on the layout of multi-functional modularized reefer container business in the "first kilometer" and "last kilometer" of agricultural products and fresh food e-commerce. The portable cold store, as the main business of CIMC Cold Chain, is an important part of CIMC's development strategy in the cold chain industry. Urbanization and new consumption patterns such as e-commerce have had a profound impact on the cold chain industry. The centralized cold chain model, with large cold stores and traditional supermarkets as the main nodes, will also convert to a distributed cold chain model with field locations, transportation network nodes and urban front-end warehouses.Under new opportunities from the rapid industrial development of China's cold chain, CIMC Cold Chain has actively developed and promoted "new technologies, new equipment and new models" to accelerate industrial changes, improve the efficiency and quality of the cold chain industry, and lead the cold chain logistics industry to a new leap forward, thus becoming the leader of distributed cold chain equipment in China.The third arrow of innovative businesses was shot at new materials, with CIMC Bamboo Chain Technology Co. and CIMC Composites Co. emergingAccording to the author's understanding, the reason why CIMC has been able to establish its core competitive advantage of industrial clusters and accumulate a deep "moat" foundation in the energy and logistics fields is always inseparable from the advanced production modes and high-end manufacturing capabilities owned by CIMC. As mentioned, any manufacturing industry needs full support and cooperation of the upstream and downstream of the industry in order to achieve a real competitive advantage.It is, therefore, not difficult to understand why the third arrow of CIMC's innovative businesses has been shot selectively at the new materials industry. Like the semiconductor industry, the upstream materials and equipment sector has always been at the very top of the pyramid, and that whoever controls the key manufacturing materials and equipment, it is sure to grasp the lifeblood and future of numerous industries.We have identified CIMC Bamboo Chain and CIMC Composites as the very representative of CIMC's pioneers in the new materials field.CIMC Bamboo Chain Technology Co., Ltd. has the world's exclusive technology in the biodegradable material industry, which means that plants (such as bamboo, reeds, etc.) can be used to produce low-carbon biodegradable products (generally renewable fibers or powder) through purely physical treatment, with no chemical treatment required throughout the production process, greatly reducing water consumption and chemical pollution.According to the announcement, on 11 November 2022, CIMC Bamboo Chain Technology Co., Ltd. signed a cooperation framework agreement with Yueyang Economic and Technological Development Zone Management Committee. According to the agreement, CIMC Bamboo Chain Technology will actively promote the construction of the CIMC New Renewable Fiber Industrial Park project in Yueyang Economic and Technological Development Zone, which will use the instant catapult steam explosion technology, an exclusive global technology owned by CIMC Bamboo Chain, to produce plant fibers/powder.This move may become another milestone event in the industrialization and commercialization of patents in CIMC's innovative businesses, which also means that it will be able to bring more value, increase new sources of revenue and improve the utilization of patents within the Company, as well as enhance the efficiency of the innovation transformation results.When it comes to Qingdao CIMC Composites Co., Ltd., it has been aiming to become a leader in the thermoplastic composite industry since its inception in 2018. In July 2022, CIMC Composites was successfully listed on the list of provincial-level "Specialized and New" enterprises in 2022 by the Department of Industry and Information Technology of Shandong Province with its innovative development in the field of thermoplastic composites.In the context of promoting energy conservation, emission reduction and green low-carbon, CIMC Composites has mastered the core technology to produce continuous fiber reinforced thermoplastic composites (CFRT) with the unique attributes of "light weight and high strength". The refrigerated van produced with this new material has no odor, and also has the characteristics of water, moisture, corrosion and impact resistance. It is a complete alternative to the traditional FRP material, which emits a constant pungent odor and produces large quantities of formaldehyde and benzene during the manufacturing process. In addition, this continuous fiber reinforced thermoplastic composite (CFRT) and its processed products can be recycled an unlimited number of times, which is very beneficial to the environment and is in line with trend of low-carbon environmental protection advocated by the global industry. Based on the above advantages, this new material is now used in a large number of refrigerator vans produced by the Shandong base of CIMC refrigerator vans and in the refrigerator van products of major brands across China.With the development of national economy and the progress of new material technology, this kind of thermoplastic composite material with the advantages of light weight and environmental protection has been more and more widely used in the fields of transportation, pressure pipeline, construction and household, etc. It will also become an important driver for upgrading more industries in the future, with huge development potential and a broad market space. Leveraging the advantage of innovative technology, CIMC Composites has become one of the fast-growing enterprises in the domestic new materials industry, and has developed into a national high-tech enterprise in less than four years, with an annual output value of over RMB100 million, successfully developing more than 30 new products and maintaining the momentum of rapid business growth.Through the "emergence" of CIMC Bamboo Chain and CIMC Composites, CIMC has opened up a new development stage of "from 1 to 100" in several promising segments of the new materials industry, directly bringing a new hope of higher-level upgrading and alternative development to many industries from the upstream of the manufacturing and the source of technology.Finally, from the booming development momentum of CIMC's innovative businesses, it can be concluded that as innovation is always the first driving force for development, CIMC will ultimately advance itself, its industry and society to new heights of high-quality development through the in-depth implementation of its innovation-driven development strategy. There is no doubt that this idea and determination are correct, and the results of its practice will eventually prove that victory will be on the side of human progress and evolution. The future of CIMC is bound to be promising, and the take-off of CIMC will surely be seen again. Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Chris Cassidy Joins Mojix as President and Chief Commercial Officer ACN Newswire

Chris Cassidy Joins Mojix as President and Chief Commercial Officer

January 11, 2023
Boca Raton, FL, Jan 11, 2023 - (ACN Newswire via SEAPRWire.com) - Mojix, a leading inventory management and supply chain traceability enterprise SaaS platform, is pleased to announce that Chris Cassidy has joined the company as President and Chief Commercial Officer. This announcement comes as the direct result of the tremendous success Mojix has attained over the past several years, as the company has recorded significant growth and improvements in revenue, customer expansion, and product innovation. Supporting these achievements, the company has developed strategic partnerships for serialization and RFID Barcoding used by leading food & beverage, luxury brand, manufacturing, industrial, aerospace & defense, and retail clients across the globe.Chris CassidyDan Doles, Mojix CEO, said, "Chris joins Mojix with more than 20 years of executive leadership in various supply chain management roles and brings deep domain expertise and a stellar track record working with leading global enterprises on digital transformation and supply chain optimization. Chris is a recognized expert in supply chain management, logistics, and enterprise supply chain SaaS solutions, across both customer operations, strategy, sales and marketing. We are excited to partner with Chris to further our long-term strategic vision and provide value to our customers as a best-in-class item-level traceability SaaS platform."Before joining Mojix, Chris was EVP & Chief Revenue Officer at Trax Technologies. Previously, he held various supply chain leadership positions of increasing responsibility at Gartner, UPS, and GSK. He holds a BS in Industrial Engineering from Georgia Tech and an executive programme certification in supply chain management at MIT.Pete Leibman, Managing Director of Peak Rock Capital, added, "the Board is thrilled to have Chris join the executive leadership team at Mojix, and exemplifies our commitment to drive accelerated growth in the years to come."Chris stated, "I am both humbled and honored to be named President and Chief Commercial Officer of Mojix. I am excited to drive further acceleration of the company's growth as we continue to lead the industry in customer satisfaction, global program delivery and product innovation for end-to-end visibility and traceability. The aim is to continue leveraging the maturing serialization and RFID barcoding technology solutions with the purpose of driving smarter and intelligent insights. Through collaboration and innovation with our customers and strategic partners, our advances in bringing together the physical and financial data flows will empower global enterprise manufacturers, distributors, and retailers to improve visibility and traceability for optimized financial performance of their Supply Chain networks during these most uncertain of times. Our times require both an agile and resilient supply chain to manage cost-to-serve and inventory assets."About MojixMojix is a global leader in item-level supply chain intelligence software. The firm is leading the way in traceability solutions utilizing its high security, globally scalable cloud-native SaaS platform. Founded in 2004, the Company has deep domain expertise in serialization technologies such as RFID, NFC, and print-based marking systems. Mojix builds business intelligence from event-triggered actions tracking billions of unique identities, following item lifecycles from source to shelf. Companies can leverage the seamlessly integrated data to increase their sales and operational efficiency, reduce major risks and enhance their customer experience. With offices across the United States, Europe and South America, Mojix is now a recognized expert in end-to-end, item-level track and trace, product authentication and automated inventory management. Learn more at www.mojix.comAbout Peak Rock CapitalPeak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock's equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and performance improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock's credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock's real estate platform makes equity and debt investments in small to mid-sized real estate assets in attractive, growing geographies. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.Editorial/Media ContactsJim Donaldson, Sr. Director, Corporate CommunicationsMojix, Inc(314) 223-4779jim.donaldson@mojix.comHelene de Lailhacar, VP MarketingMojix, Inc.(33) 6 70 61 72 22helene.delailhacar@mojix.com(c) Mojix, Inc. Mojix and ytem are registered trademarks of Mojix, Inc.SOURCE: Mojix, Inc Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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WEB3 Gaming Project, Chain Joes’s Whitelist Is Open Now – Declaring War on the Real Enemies of Web3 SeaPRwire

WEB3 Gaming Project, Chain Joes’s Whitelist Is Open Now – Declaring War on the Real Enemies of Web3

December 21, 2022
Zurich, Switzerland, December 21, 2022 – (SEAPRWire) – Chain Joes ramps up its marketing effort and invites gamers everywhere to join the whitelist and be the first in line to take on the real enemies populating WEB3. “WEB3 should be a safe haven of innovation and ingenuity, but sadly, there are plenty of people out to exploit others through scams, manipulation, and valueless projects…” – Gary Yankovich, CEO of DAMNN! creative production. Remember when FTX screwed up? As Chain Joes, players will combine their strength and fight against all the real enemies in a new and engaging mobile game. Chain Joes offers players the opportunity to destroy, dismantle, and decimate the spammers, scammers, and hackers, preventing WEB3 from evolving into the magnificent resource the world needs. But from what they say, the fight on users’ hands will not be an easy one. Chain Joes uses a ‘Play AND Earn’ model that puts the player’s experience ahead of earnings and welcomes everyone to take part in the battle against those out to destroy WEB3. This game will be 100% free to play, removing the barrier of entry and encouraging gamers from all walks of life to try their hand at WEB3 gaming. Chain Joes is dedicated to adding earning mechanics that empower players, improve the gaming experience, and give them the opportunity to truly own their in-game assets. Chain Joes is supported on their path toward their goals by Mach5. Mach5 gives full support to blockchain projects operating in the fields of defi, gamefi, and tradefi, and they are fully behind the Chain Joes project. Located in Zug (Switzerland), Mach5 is surrounded by blockchain-driven companies like the Ethereum Foundation. Besides owning and contributing to Chain Joes projects, Mach5 also invests in other projects, like PayAccept, which is launching a mobile wallet in the first quarter of 2023. The PayAccept wallet will include the CJ token so every gamer will be able to hold their tokens in their pocket. Chain Joes is a project built by gamers for gamers with support from blockchain professionals, marketing professionals, gaming professionals, and VCs. Everyone involved is ready to help players join in with WEB3 and take on enemies that lurk within. Chain Joes is the real deal, with plenty of credible backing and support. Join the Chain Joes whitelist today will grant EXCLUSIVE access to join the private sale starting after on the 26th of December. There are some incredible perks and bonuses available for early investors that will not be available to anyone else. With even more exclusive bonuses available for early investors. The private sale and opportunity to be in the front row will ONLY be available until the end of the year. People who take action and invest now will be in the perfect position to cash in BEFORE the big IDO explodes into life in Q1 2023. Don’t miss out on the chance to secure all the bonuses now! Join the fight to protect the DAO and get on the whitelist. The whitelist for Chain Joes is open NOW. Join the whitelist here – https://chainjoes.com/ Social Links Twitter: https://twitter.com/chainjoes Medium: https://chainjoes.medium.com/ Telegram: https://t.me/chainjoes Discord: https://discord.com/invite/chainjoes LinkedIn: https://www.linkedin.com/company/chainjoes/ Media Contact Brand: Chain Joes Contact: Michal Sykora / Christiaan van Steenbergen Website: https://chainjoes.com/ SOURCE: Chain Joes The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
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Tokyo Gas, Osaka Gas, Toho Gas and Mitsubishi Collaborate to Produce e-methane in the US and Transport It to Japan, Utilizing Cameron LNG in Louisiana JCN Newswire

Tokyo Gas, Osaka Gas, Toho Gas and Mitsubishi Collaborate to Produce e-methane in the US and Transport It to Japan, Utilizing Cameron LNG in Louisiana

November 29, 2022
TOKYO, Nov 29, 2022 - (JCN Newswire via SEAPRWire.com) - Tokyo Gas Co., Ltd. (TG), Osaka Gas Co., Ltd. (OG), Toho Gas Co., Ltd. (THG) and Mitsubishi Corporation (MC) have entered into an agreement and commenced to conduct a detailed joint feasibility study on a project to produce synthetic methane (e-methane) in Texas or Louisiana, liquefy it at the existing Cameron LNG facility, and transport it to Japan utilizing other existing infrastructure, including LNG ships and receiving terminals in Japan. The targeted e-methane production volume is 130,000 tons per year1 to start in 2030. This project is in line with the Japanese government's goal to achieve carbon neutrality in 2050, for which it is crucial to introduce carbon neutral gas that can meet the heat demand in the country. e-methane can be transported via the existing gas infrastructure and combusted in the present gas appliances without enormous costs of replacing or modifying them, which would be required to introduce other decarbonized gaseous energy carriers, such as hydrogen. Therefore, the government supports e-methane initiatives as a potential solution to transition into the net zero society smoothly, and it has been discussed intensively how to initiate and develop e-methane supply chain in Japan's Public-Private Council for the Promotion of Methanation, an organization established in June 2021, where TG, OG, THG and MC have participated. For e-methane's better visibility, it is effective to promote the synthetic methane in Japan and overseas, simultaneously and important to establish cost-competitive e-methane supply chain from overseas where renewable power is accessible at low cost. While the four companies are respectively conducting feasibility studies on various locations for e-methane outside Japan, they have selected areas near to the existing Cameron LNG facility as most suitable as of now for e-methane production by their joint venture. This decision was made in light of accessibility to the infrastructure for feedstock procurement and high possibility of achieving early establishment of the supply chain. The four companies will continue to conduct feasibility studies on other promising locations to expand its e-methane procurement capabilities for enhanced energy security of Japan. The four companies intend to accelerate the detailed study to realize the world's first large-scale production and international supply chain of e-methane while working to achieve a carbon neutral economy in Japan utilizing e-methane. (1) 130,000 tons is equivalent to 1% of the total annual city gas demand of TG, OG, and THG combined.For more information, visit www.mitsubishicorp.com/jp/en/pr/archive/2022/html/0000050341.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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The 12th Asian Logistics, Maritime and Aviation Conference Opens ACN Newswire

The 12th Asian Logistics, Maritime and Aviation Conference Opens

November 22, 2022
HONG KONG, Nov 22, 2022 - (ACN Newswire via SEAPRWire.com) - The 12th edition of the Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and Hong Kong Trade Development Council (HKTDC), opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) in person and online. This year's ALMAC is expected to attract over 14,000 viewers from over 50 countries and regions. At this annual signature event for the maritime, air freight, logistics and supply chain management sectors and shippers from different industries, more than 90 industry experts and leaders will share their insights at close to 30 sessions.Dr Peter Lam, HKTDC Chairman, said the disruption and delays caused by the pandemic in the past three years have highlighted an urgent need to assess how we can manage supply chains differently, so they are better equipped to withstand future challenges.The opening session was officiated by Paul Chan, Financial Secretary of the HKSAR.The 12th edition of the Asia Logistics, Maritime and Aviation Conference, jointly organised by HKTDC and Government of the Hong Kong Special Administrative Region, opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) in a hybrid format.Dr Peter K N Lam, Chairman of the HKTDC welcomed international delegates to the conference, saying: "In the past year, economies have confronted a myriad of challenges, not least the pandemic, war, inflation and rising energy prices. No country or region, including Hong Kong, is immune to these developments. This attests to how connected our world is today. We may live on opposite sides of the world from each other, but the phenomenon of globalisation has, particularly over the last few decades, intertwined our fates ever closer. The logistics, maritime and aviation industries are a principal driver and guardian of our interconnectedness. In today's increasingly globalised world, they flourish most in an environment of stability. The resilience and sustainability of global supply chains guarantee their continued growth. The disruption and delays caused by the pandemic in the past three years have highlighted an urgent need to assess how we can manage supply chains differently, so they are better equipped to withstand future challenges."Paul Chan, Financial Secretary of the HKSAR, officiated at the online opening, saying: "There is clear and compelling direction in the National 14th Five-Year Plan and the development plan for the Greater Bay Area. Together, they confirm Hong Kong's future as both an international shipping centre and a premier international aviation hub. To achieve those goals, Hong Kong will continue to integrate into our country's overall economic development. We will fully embrace the boundless opportunities they present us, in logistics - and a great deal more. There is, strategic direction, too, in this year's theme: 'The Future of the Sustainable Supply Chain: Connectivity, Collaboration, Innovation.' It hammers home what we need to realise the future we want."International speakers analyse the latest trends in the global logistics, shipping and air freight industriesThis year's conference featured a wide range of panel discussions and forums with a strong line-up of speakers. Global industry leaders discussed international and regional collaboration, the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the Regional Comprehensive Economic Partnership (RCEP), innovation and technology, and sustainable developments from a variety of perspectives.In the keynote address this morning, Xiangchen Zhang, Deputy-Director General of the World Trade Organization, examined how governments and businesses in the international arena may join forces to mitigate the impact of supply chain disruption."Challenges and opportunities are the two sides of the same coin. To address common challenges in global supply chains, we will rely on connectivity, collaboration and innovation," said Zhang.This was followed by the Plenary Session featuring global business leaders, including Mathieu Renard Biron, Managing Director of Global Freight Forwarding of Kerry Logistics, Ludovic Renou, CEO of CMA CGM China and Wilkie Wong, Chief Financial Officer of Esquel Group, who discussed how business evolution and supply chain transformation can steer business growth and achieve sustainable development amidst the current economic climate by building connectivity, fostering collaboration and driving innovation.Mathieu Renard Biron said: "Given all the disruptions of supply chain in the past two years, more opportunities will be coming from Asia while leading to the change of people's expectations and experiences." He added that collaborations and partnerships are needed to foster innovation. The use of AI machine learning technology, for example, is part of our new normal.Air Freight Forum: Hong Kong as an international aviation hub in the post-pandemic eraAs an international aviation hub, the Hong Kong International Airport (HKIA) is one of the busiest and most advanced airports in the world. The Air Freight Forum, co-organised with the Airport Authority Hong Kong, discussed HKIA's "Airport City" vision covering the third runway, express air cargo terminal expansion, the new premium logistics centre, staff training strategies and the synergy created by HKIA and airports in Mainland China.Maritime Forum: The Way forwardConnectivity is a major component of cooperation among GBA cities. In the first of two Maritime Forums on day one, leaders from the maritime and technology sectors examined Hong Kong's role as an international maritime hub in the GBA. Industry experts engaged in conversation on shipping sustainability, decarbonisation and digitalisation in the second Forum.The Power Dialogue, titled "Asia for Asia - Powering the Growth of Supply Chain Networks", featured Kian Chuan Chang, Regional Director of Customs Brokerage & Trade Compliance of GEODIS APAC (Holdings), Wingco Lo, Executive Vice President of The Chinese Manufacturers' Association of Hong Kong, Daryl Tay, President, North Asia District of UPS Parcel Delivery Service and Eva Tsang, Assistant Vice President and Executive Director Opal Cosmetics Group. They looked at how RCEP creates opportunities through the integration of regional trade and supply chains and shared their strategic plans for capturing future opportunities.In the Thematic Session, Terence Chiu, Commissioner of the Hong Kong Export Credit Insurance Corporation, together with Ivy Tse, Co-Chief Executive Officer and Co-Founder of FreightAmigo, shared how businesses can capture opportunities created by supply chain integration in the GBA. This session provided practical insights and solutions for SMEs looking for expansion into the GBA.Tech experts at InnoTalks underscored game-changing innovative solutions and technologies that are driving advancements in modern logistics and smart supply chain development, helping companies to stay ahead of shifting consumer demands and expectations.Asian Logistics, Maritime and Aviation Exhibition: Connecting logistics technology and solution providers with shippersOver 50 exhibitors showcased their latest logistics and supply chain solutions, and innovative technologies to help SMEs enhance their global supply chain management. The HKTDC also arranged business matching sessions for participants to drive more business cooperation.In addition to the main physical event in Hong Kong, the HKTDC organised ALMAC satellite conferences in Chengdu, Fuzhou, Wuhan, Taiwan, Budapest, Edinburgh, Hamburg, Milan, Paris, Sydney and Warsaw. In addition to running a live broadcast of the Conference, some experts participated in selected satellite venues to address logistics issues and shared experiences from a local perspective.Shipper's Forum shares latest fulfilment trendsThe newly introduced Shippers' Forum, titled "E-commerce Fulfillment in Asia", will be held tomorrow (23 November) with Jenny Hui, General Manager of eBay Hong Kong, Taiwan and Global Emerging Markets sharing latest fulfilment trends and best practices for delivering reliable and agile fulfilment solutions.In the Power Dialogue on the same day, Pippo Au, Head of Supply Chain of Maxim's Group and Suzanne Cheung, Head of Public Affairs, Communications and Sustainability of Swire Coca-Cola Hong Kong, will highlight how companies are marching towards a sustainable supply chain.In the Closing Session, Chee Choong Ng, Senior Vice President & Managing Director Hong Kong & Macau, DHL Express (Hong Kong), Fox Chu, Partner of McKinsey, John Parkes, Managing Director - Integrated Logistics of Kerry Logistics and Graziano Terenzi, CEO of Inglobe Technologies, will discuss the metaverse and how the logistics industry can make use of robotics, extended reality, augmented reality and other technologies to drive industry development.Flagship event of Hong Kong Maritime WeekALMAC is Hong Kong Maritime Week's flagship event and is organised by the Hong Kong Maritime and Port Board and supported by the Hong Kong Logistics Development Council.ALMAC: https://www.almac.hk/main/en/ALMAC programme: https://almac.hktdc.com/conference/almac/en/programmeALMAC speaker list: https://almac.hktdc.com/conference/almac/en/speakerPhoto download: https://bit.ly/3TZdIC6About HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.Media EnquiriesPlease contact Impact Communications Company:Cindy Chung, Tel: +852 9166 0827, Email: cindy.chung@impact-cc.comRaymond Lee, Tel: +852 6539 4089, Email: raymond.lee@impact-cc.comHKTDC's Communications & Public Affairs Department:Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.orgClementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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China Wantian Holdings Announces FY2022 Interim Results ACN Newswire

China Wantian Holdings Announces FY2022 Interim Results

November 18, 2022
HONG KONG, Nov 18, 2022 - (ACN Newswire via SEAPRWire.com) - China Wantian Holdings Limited ("China Wantian Holdings" or the "Group"; stock code: 01854.HK) announces its unaudited interim results for the six months ended 30 September 2022 (the "Reporting Period"). Following the completion of the general offer in August 2021, the Group has officially stepped towards a new milestone by setting up business operation points in Shenzhen city and Zhongshan city, as well as establishing its headquarters in the Guangdong-Hong Kong-Macao Greater Bay Area (the "Greater Bay Area") to expand its business in the region. The year 2022 marks a new chapter for the Group, during which the Group doubles its effort to develop three main businesses including supply chain, catering, as well as environmental protection and technology, in the Greater Bay Area market.During the Reporting Period, China Wantian Holdings began to develop business in the Greater Bay Area, while maintaining its business in sourcing, processing and supplying food ingredients, with a focus on the provision of vegetables and fruit to food service operators in Hong Kong. It currently supplies in excess of 1,300 food ingredients to more than 480 customers. During the Reporting Period, the Group's revenue from the existing business remained stable and the total revenue increased by 0.74% year-on-year to approximately HK$68.7 million (six months ended 30 September 2021: approximately HK68.2 million). During the Reporting Period, thanks to the improvement in product mix, gross profit surged by approximately 33.4% year-on-year to approximately HK$14.9 million (six months ended 30 September 2021: approximately HK$11.2 million), and gross profit margin improved to approximately 21.7% from approximately 16.4% in the same period of last year. However, the establishment of the Group's Shenzhen headquarters and Zhongshan branch and active expansion of its business in the Greater Bay Area has lifted up the Group's operating expenses, thus resulting in a net loss of approximately HK$8.1 million (six months ended 30 September 2021: net loss of approximately HK$1.4 million), inclusive of an expense resulting from share option of HK$3.8 million. The investment in operating expenses is beneficial to the Group's business expansion, and is expected to contribute to the Group's long-term development eventually.In May 2022, the Group established its Greater Bay Area headquarters in Shenzhen's Nanshan district, marking its official debut in the high-potential Greater Bay Area market. Subsequent to the establishment of its headquarters in the Greater Bay Area, the Group continued to adopt its multi-pronged approach to accelerate the business development in the region. At the same time, the Group announced that it will double its effort to develop three main businesses including supply chain and catering, as well as environmental protection and technology to actively establish a leading green brand in the Greater Bay Area. Moreover, the Group officially set up its Zhongshan branch in June 2022, signifying that Zhongshan city will become the Group's regional headquarters in the Zhuhai-Zhongshan-Jiangmen Economic Circle. The Group is also optimistic about the business prospects of Zhongshan city and sees it as the starting point of its three main businesses, followed by gradually expanding its businesses to the Greater Bay Area market.With regards to supply chain business, the Group capitalises on its advantages in Hong Kong supply chain business, boosting efficiency of every sessions and striving to deliver fresh ingredients namely seafood, meat and vegetables to customers in a safe and efficient manner, with the fastest time and at the lowest cost. At the same time, the Group plans to replicate its successful experience gained in Hong Kong to the Greater Bay Area market. In November 2022, the Group announced that it intends to acquire Shenzhen Wealth Source Trading Development Company Limited* ("Shenzhen Wealth Source"), which is a domestic fresh food supply chain service provider in the PRC. It marks the Group's expansion of its supply chain business into the Greater Bay Area market. Shenzhen Wealth Source is principally engaged in the trading of live cattle, fruits, vegetables, seafoods and food ingredients in the PRC. It sources live cattle from Inner Mongolia and distributes them to slaughterhouses in the Greater Bay Area. It also supplies and offers fruits, vegetables and seafood to restaurants in the Greater Bay Area. Acquiring Champion Point with well-established business network and customer base in the PRC will allow the Group to offer comprehensive service packages to the customers and broaden customer base, thus expediting the development of supply chain business. With regards to catering business, the Group strives to seize the business opportunities of the catering industry in the Greater Bay Area, further expanding its restaurant network to other cities and its catering business territory in the Greater Bay Area. Leveraging its whole-of-industry supply chain in the upstream, midstream and downstream segments, the Group strategically opened restaurants that specialises fresh food ingredients in the heart of Zhongshan's busiest areas, gradually expanding the brand Wantian Catering. The four restaurants cater mainly to young consumers, specialising dishes for customers who love to "check in" and eat healthily. While the reach of Wantian Catering gradually extends, the Group has been actively enhancing its brand recognition in the Greater Bay Area and expanding its customer base in order to grow its market share.With regards to environmental protection and technology business, the Group actively supports the national development approach of "modern agricultural technology and environmental protection", integrating agricultural technology and green environmental protection, utilising available rooftop for farming and increasing the urban green area, with a view of supporting sustainable development of the Greater Bay Area. Besides, the Group has also been actively supporting national policies to realise the vision of net-zero carbon emission by establishing a department dedicated to promoting modern agriculture and green education in primary and secondary schools and enterprises in the Greater Bay Area, with an aim of promoting a green and environmentally-friendly lifestyle and making the world a greener place.Being one of the most open and economically dynamic regions in the PRC, the Greater Bay Area plays an important and strategic role in the overall development of the country, and is now facing unprecedented development opportunities. The Group's management believes that the Greater Bay Area business will be its biggest driver of revenue growth, and is expected to generate steady and sustainable income over the long term. China Wantian Holdings aims to enhance the diversity of its development strategies by expanding its businesses. With the establishment of Shenzhen headquarters being the first step of its Greater Bay Area development strategy, the Group will focus on the synergies among the three businesses namely supply chain and catering, as well as environmental protection and technology, to foster unique strengths to overcome challenges and establish solid foundations. Looking ahead, leveraging on the extensive business experience of management and its well-established business network in the PRC, the Group will continue to identify potential business opportunities. By adhering to the business philosophy of "People-Oriented, Pragmatism, Creativity and Honest and Responsible", the Group will set up a one-stop food industry chain system covering from the source of cultivation to the food supply chain and the catering businesses, with a view to becoming a leading service provider for good life and a premier green brand in the Greater Bay Area.About China Wantian Holdings LimitedChina Wantian Holdings Limited (01854.HK) is an investment holding company. The Group is principally engaged in sourcing, processing and supplying food ingredients, with a focus on the provision of vegetables and fruit to food service operators in Hong Kong. It supplies in excess of 1,300 food ingredients to more than 480 customers. In May 2022, China Wantian Holdings established its Greater Bay Area headquarters in Shenzhen, marking its official debut in the Greater Bay Area market. The Group will focus on developing three main businesses in this market, including supply chain and catering, as well as environmental protection and technology to actively establish a leading green brand in the Greater Bay Area to provide customers with fresh, healthy and safe food, meanwhile striving to become a leading lifestyle service provider in China.For more details, please visit: chinawantian.etnet.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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The 12th Asian Logistics, Maritime and Aviation Conference takes place on 22 and 23 November ACN Newswire

The 12th Asian Logistics, Maritime and Aviation Conference takes place on 22 and 23 November

November 14, 2022
HONG KONG, Nov 14, 2022 - (ACN Newswire via SEAPRWire.com) - The 12th edition of the Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Hong Kong Trade Development Council (HKTDC) and Government of the Hong Kong Special Administrative Region (HKSAR), will be held on 22 and 23 November at the Hong Kong Convention and Exhibition Centre (HKCEC) in person as well as online. ALMAC is one of a number of large-scale trade events organised by the HKTDC in Hong Kong in the past few months. This year's ALMAC is expected to attract over 14,000 participants from over 50 countries and regions.Wilkie Wong, CFO, Esquel Group; Frankie Yick, Chairman, HKTDC Logistics Services Advisory Committee and Legislative Councillor, Legislative Council; Dr Patrick Lau, HKTDC Deputy Executive Director; and James Leung, VP and Key Account, Geek+ [L-R]Under the theme, "The Future of the Sustainable Supply Chain: Connectivity - Collaboration - Innovation", ALMAC will examine issues faced by global businesses, such as the new normal supply chain, current challenges, opportunities through international and regional collaboration and future direction of sustainable development.ALMAC brings together participants from logistics, maritime, air freight and supply chain management sectors to gain insights, exchange market intelligence and explore business opportunities. In addition to the main physical event in Hong Kong, ALMAC will organise satellite conference venues in various locations, including Chengdu, Chongqing, Fuzhou, Wuhan, Taiwan, France, Germany, United Kingdom and Hungary. In addition to running a live broadcast of the conference, some satellite venues will invite experts to address logistics issues and experiences from a local perspective and participate in face-to-face exchanges."The macroeconomic environment has been very turbulent, due to a series of factors from inflation, aggressive rate hike and currency fluctuation to geopolitical tensions and energy and food crisis. Against all these uncertainties, this year's ALMAC will focus on how businesses can work together to cope with the challenges in the supply chain, climate change and the economic recovery. Other areas of discussion will include the opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the Regional Comprehensive Economic Partnership (RCEP) and the innovative solutions and technologies that are driving advancements in modern logistics and smart supply chain development. ALMAC is a powerful platform to connect the global industry and I would encourage all shippers, including traders, exporters and manufacturers, to join the conference to understand the issues faced by the industry and capture new opportunities," said Dr Patrick Lau, HKTDC Deputy Executive Director.Exploring the current business landscapeAround 80 industry experts in logistics, maritime, air freight and supply chain will speak in person or virtually. On day one, Hong Kong Special Administrative Region Chief Executive John Lee will deliver remarks, followed by a keynote address by Xiangchen Zhang, Deputy-Director General of the World Trade Organization, who will examine how governments and businesses in the international arena may join forces to mitigate the impact of supply chain disruption; the climate change crisis on global trade; and the post-pandemic economic recovery, while fostering greater economic inclusion for equitable growth and stabilising the international supply chain towards achieving sustainable development.At the Plenary Session, ALMAC will invite global business leaders, including Mathieu Renard Biron, Managing Director of Global Freight Forwarding of Kerry Logistics, Ludovic Renou, CEO of CMA CGM China and Wilkie Wong, Chief Financial Officer of Esquel Group, to speak on how business evolution and supply chain transformation can steer business growth and achieve sustainable development across the current economic landscape building connectivity, fostering collaboration and driving innovation in the vibrant business environment, in order to navigate the new normal.In the Power Dialogue on day one, titled "Asia for Asia - Powering the Growth of Supply Chain Networks", Kian Chuan Chang, Regional Director, Customs Brokerage & Trade Compliance of GEODIS APAC (Holdings) Pte. Ltd., Wingco Lo, Executive Vice President of the Chinese Manufacturers' Association of Hong Kong, Daryl Tay, President, North Asia District of UPS Parcel Delivery Service Limited, and Eva Tsang, Assistant Vice President and Executive Director of Opal Cosmetics Group Limited, will discuss how RCEP creates opportunities through integration of regional trade and supply chains and share their strategic plans for capturing future opportunities.In the Thematic Session, Terence Chiu, Commissioner of the Hong Kong Export Credit Insurance Corporation, together with Ivy Tse, Co-Chief Executive Officer and Co-Founder of FreightAmigo, will share their insights on business strategies for the GBA, and how to capture the business opportunities created by supply chain integration in the GBA. The talk will provide workable insights and practical solutions for SMEs that want to expand markets in the area.InnoTalks to explore smart tech in the supply chainTechnology advancements are not constrained by geographic boundaries and changes how companies operate and reshape the future of the logistics industry. James Leung, Vice President and Key Account of Geek+, Tim Liu, Vice President, Marketing of Neolix Technologies Co., Ltd. and Julian Ma, Founder and CEO of Inceptio Technology will share game-changing innovative solutions and technologies that are driving advancements in modern logistics and smart supply chain development, helping companies to stay ahead of shifting consumer demands and expectations.Air Freight Forum to discuss Hong Kong as an international aviation hub in the post-pandemic eraThe Hong Kong International Airport (HKIA) is one of the busiest and most advanced airports and continues to consolidate its status as an international aviation hub. In 2021, HKIA handled five million tons of cargo and retained its position as the world's busiest cargo airport for 10 consecutive years.On the first day of the Conference, the Air Freight Forum, co-organised with the Airport Authority Hong Kong, will invite Marco Bloemen, Managing Director of Seabury Cargo, Samuel Lee, General Manager of DHL Express Central Asia Hub and Yin Daxue, CEO of Hong Kong Cingleot Investment Management Limited, to discuss HKIA's "Airport City" vision covering the third runway, express air cargo terminal expansion, the new premium logistics centre, staff training strategies and the synergy created by HKIA and the airports in Mainland China.Maritime Forum to examine the GBA and sustainable developmentEdward Liu, Partner of Haiwen & Partners LLP and Principal Representative of International Chamber of Shipping (China) Liaison Office, will examine Hong Kong's unique role as an international maritime hub. The global maritime industry is transitioning and there is an urgency to identify tangible action plans for sustainable development to achieve the International Maritime Organisation's 2050 greenhouse gas reduction target.The second Maritime Forum will invite Simon Bennett, Deputy Secretary General of International Chamber of Shipping, Anne-Sophie Zerlang Karlsen, Head of Ocean Operations, Asia Pacific of Maersk, Michael Karlsen, CEO of Onomondo and Michael Fitzgerald, Group Deputy Chief Financial Officer of Orient Overseas Container Line Ltd, to discuss shipping sustainability, decarbonisation and digitalisation through practical collaborative action and uncover the potential opportunities and benefits from switching to sustainable and digitalised shipping.Leading e-commerce marketplace to share success storyThe rise of e-commerce has led to several challenges for online retailers and warehouses, as companies and customers look for a transparent, cost-effective, flexible, omnichannel fulfilment that can meet their respective demands.The newly added Shippers' Forum will be held on the second day (23 November) with Jenny Hui, General Manager of eBay Hong Kong, Taiwan and Global Emerging Markets sharing the latest fulfilment trends and best practices for delivering reliable and agile fulfilment solutions that shape the future development of e-commerce.Major global business trend creating smart and sustainable supply chainSustainability is a popular topic on the world's supply chain agenda. In the Power Dialogue, Suzanne Cheung, Head of Public Affairs, Communications and Sustainability of Swire Coca-Cola Hong Kong, will share best practices of and carbon reduction approaches to integrating sustainability with the corporate core values and supply chain management for driving business growth and co-creating sustainable global development.HKTDC has organised two Supply Chain Management & Logistics Forums with The Hong Kong Shippers' Council and GS1 Hong Kong, respectively. For Supply Chain Management & Logistics Forums I, industry experts Lyan Law, Head, Industry 4.0 and Industrial Drone Solution of the Hong Kong Productivity Council, Felix Wong, Sales Director of Acquaintance Enterprises Limited, will share smart and agile supply chains through innovations. For the Supply Chain Management & Logistics Forums II, Ben Au, General Manager of Empower SCM Ltd., Johnny Wong, Director, Supply Chain Asia Pacific of Bausch & Lomb HK Limited and Rick Woo, Co-founder of LOST, will talk about smart and innovative supply chains and operational strategy transformation from an omnichannel model to a meta-channel model.In the Closing Session, Chee Choong Ng, Senior Vice President & Managing DirectorHong Kong & Macau, DHL Express (Hong Kong) Limited, Fox Chu, Partner of McKinsey, John Parkes, Managing Director - Integrated Logistics of Kerry Logistics and Graziano Terenzi, CEO of Inglobe Technologies, will discuss the metaverse and how the logistics industry can make use of robotics, extended reality, augmented reality and other technologies to drive industry development.During ALMAC 2022, the discussions are complemented by an exhibition featuring over 50 exhibitors showcasing logistics and supply chain solutions, innovative technology and operating systems, which help SMEs enhance their global supply chain management. The HKTDC will be arranging business matching sessions for participants to drive more business cooperation.The forums will gather many notable speakers, including: (the sequence is sorted alphabetically by the speakers' surnames)- Simon Bennett, Deputy Secretary General, International Chamber of Shipping- Edward Liu, MH, Partner, Haiwen & Partners LLP., Principal Representative, International Chamber of Shipping (China) Liaison Office- Mathieu Renard Biron, Managing Director - Global Freight Forwarding, Kerry Logistics- Chee Choong Ng, Senior Vice President & Managing Director, Hong Kong & Macau, DHL Express (Hong Kong) Limited- Terence Chiu, Commissioner, Hong Kong Export Credit Insurance Corporation- Daryl Tay, President, North Asia District, UPS Parcel Delivery Service Limited- Ludovic Renou, Chief Executive Officer, CMA CGM China- Eva Tsang, Assistant Vice President and Executive Director, Opal Cosmetics Group Limited- Jenny Hui, General Manager, eBay Hong Kong, Taiwan and Global Emerging Markets- Ivy Tse, Co-Chief Executive Officer & Co-founder, FreightAmigo- Anne-Sophie Zerlang Karlsen, Head of Ocean Operations, Asia Pacific, Maersk- Wilkie Wong, Chief Financial Officer, Esquel Group- James Leung, Vice President, Key Account, Geek+- Xiangchen Zhang, Deputy-Director General, World Trade Organization- Mr Michael Fitzgerald, Group Deputy Chief Financial Officer, Orient Overseas Container Line LtdMembers of the media wishing to interview speakers can email interview requests to raymond.lee@impact-cc.com or cindy.chung@impact-cc.com by 18 November 2022. For the latest programme and speaker list, please visit: https://www.almac.hk/main/en/.Photo download: https://bit.ly/3hEFnemAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia EnquiriesPlease contact Impact Communications Company:Cindy Chung, Tel: +852 9166 0827, Email: cindy.chung@impact-cc.comRaymond Lee, Tel: +852 6539 4089, Email: raymond.lee@impact-cc.comHKTDC's Communications & Public Affairs Department:Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.orgClementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Xiamen Xiangyu Co., Ltd.: A Giant of Commodity Supply Chain Service, Reaching Record High Results in the Last Three Quarters ACN Newswire

Xiamen Xiangyu Co., Ltd.: A Giant of Commodity Supply Chain Service, Reaching Record High Results in the Last Three Quarters

October 26, 2022
HONG KONG, Oct 26, 2022 - (ACN Newswire via SEAPRWire.com) - On the evening of Oct. 26, Xiamen Xiangyu Co., Ltd. (600057. SH) released the Q3 financial results. In the first three quarters of 2022, the Company achieved operating revenue of RMB 391.8 billion, with a year-on-year growth of 13.74%; achieved the net profit attributable to the shareholders of the parent company amounted to RMB 2.17 billion, with a year-on-year growth of 31.23%; achieved the return on equity of 15.26%, up 1.91 percentage points YoY. The Company's operating revenue and net profit attributable to the shareholders of the parent company both hit a record high in the same period, and the operating efficiency continued to improve.Xiamen Xiangyu is the leading commodity supply chain service company in China, with manufacturing enterprises in China as the main target group, and is committed to providing tailored supply chain solutions and one-stop services, including commodity procurement distribution, logistics, supply chain finance, information consulting, etc., to reduce circulation costs, improve circulation efficiency, assist manufacturing enterprises in cost-saving and profit-increasing, and earn service revenue. Xiamen Xiangyu has been operating commodities covering metals and minerals, agricultural products, energy and chemicals, new energy products, etc., and the key categories are ranked among the top in the industry. At present, the Company has taken the lead in the industry to build up a network for logistics service systems with "road transportation, rail transportation, water transportation and warehousing" as the core, covering the whole country and connecting with overseas, constructing a differentiated competitive edge.In the first three quarters of 2022, the recurrence of the COVID-19 epidemic, geopolitical tensions, and commodity price shocks put higher requirements on the management and risk control capabilities of commodity supply chain companies. Xiamen Xiangyu said, in the face of multiple challenges, the Company maintained strategic stability, continuously optimized customer structure, enriched the commodity portfolio, consolidated logistics support, improved the risk control system, moreover, effectively responded to industry cycle fluctuations and external risk issues; on this basis, we seized the opportunity to expand market share and explore business opportunities to ensure that the overall operation remains sound.According to the third quarter financial report, the service volume for manufacturing enterprises in Xiamen Xiangyu accounted for more than 50%, and the bulk commodity business segment in the cargo volume reached 141 million tons. The supply chain operating results in categories such as aluminum, new energy products, and soybeans achieved significant growth, among which the revenue of the new energy products supply chain reached RMB 14.7 billion, up 151% YoY; achieved the gross profit RMB 385 million, up 245% YoY.In recent years, Xiamen Xiangyu has been favored by more and more investment institutions with its complete business system, steady pace of development, and promising prospects. In the first half of 2022, Xiamen Xiangyu was held by five mainland social security funds at the same time, making it one of the most popular listed companies favored by social security funds in the A-share market.Looking ahead, Xiamen Xiangyu will anchor the strategic vision of "Becoming A World-class Supply Chain Service Company", continue to optimize the customer structure, commodity portfolio, business model, and profit model, enhance the risk control system, improve the level of comprehensive income, and strive to exceed the 2022 annual operating target.Click here for the full report: Xiamen Xiangyu Co., Ltd. Report for Third Quarter of 2022http://www.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-10-27/600057_20221027_3_QazgirXb.pdf Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Three Partners to Jointly Undertake Proof of Concept (PoC) Applying “CO2NNEX”, a Digital Platform for CO2 Accounting across its Supply Chain for Synthetic Methanes JCN Newswire

Three Partners to Jointly Undertake Proof of Concept (PoC) Applying “CO2NNEX”, a Digital Platform for CO2 Accounting across its Supply Chain for Synthetic Methanes

October 24, 2022
TOKYO, Oct 24, 2022 - (JCN Newswire via SEAPRWire.com) - Osaka Gas Co., Ltd., Mitsubishi Heavy Industries, Ltd. (MHI), and IBM Japan, Ltd. have agreed to jointly conduct a Proof of Concept (PoC) of a system enabling visualization of the environmental value of synthetic methane, in the context of carbon dioxide (CO2) emissions across the entire supply chain. The system will make use of CO2NNEX, a digital platform for visualizing the CO2 supply chain being developed by MHI and IBM Japan targeted at visualization and optimization of synthetic methane's environmental value. In undertaking the PoC, the three partners will also exchange views with the Japan Gas Association, Tokyo Gas Co., Ltd., Toho Gas Co., Ltd., and INPEX Corporation aiming for increased adoption of synthetic methane and the establishment of its environmental value.Today, discussions are underway concerning methods for counting and using CO2 in the context of CCU (carbon dioxide capture and utilization: with the captured CO2 used in the manufacture and usage of fuels, chemicals, building materials, etc.), including methanation, and studies are going forward into the application of the accounting methods to the use of synthetic methane, which is seen as a recycled-carbon fuel. The PoC to be jointly implemented is an initiative aimed at visualizing CO2 emission volumes across the entire supply chain, from synthetic methane's production to supply and combustion. The results of the PoC are expected to be useful for achieving visualization of the CO2 supply chain within CCU, setting CO2's trading methods, transferring its environmental value, and estimating the carbon footprint of synthetic methane supply recipients.CO2NNEX is a digital platform created for CCUS (CO2 capture, utilization and storage) aimed at connecting CO2-related ecosystems and accelerating the expanded use of environmental value. Under the current initiative, CO2NNEX will be applied to visualize original information on CO2 and hydrogen - the materials from which synthetic methane is made - and the CO2 emission volumes generated throughout synthetic methane's lifecycle, from production to transport, supply and combustion. By providing this traceable data, a shared platform will be developed for realizing visualization of synthetic methane's environmental value. The project also aims to incorporate future enhancement of trade - for example, through transfer of synthetic methane's environmental values - and to develop a system to serve as an industry standard usable by other manufacturers of synthetic methane.Today, a variety of demonstration projects relating to methanation are being planned, toward the production and widespread adoption of synthetic methane. Osaka Gas, MHI and IBM Japan, by applying the results of this PoC to future demonstrations of methanation, will contribute to achieving broad social adoption of synthetic methane and the realization of a carbon neutral society.About CO2NNEXCO2NNEX is a digital platform that provides transparency and flexibility in the CO2 supply chain and its environmental values in step with the rapid expansion of the value chain linking CO2 capture, storage and utilization, toward realizing a carbon neutral society. Actual CO2-related data is interconnected through IoT, and blockchain ensures advanced security with assured neutrality and fairness.About methanationMethanation is technology for synthesizing methane, a key component of natural gas from hydrogen and CO2. The resulting product is known as "synthetic methane." Use (combustion) of this synthetic methane results in no effective increase in CO2 for society as a whole because CO2, which is normally emitted into the atmosphere, is captured and recycled for use in making synthetic methane. Also, methanation is expected to be an economically efficient way of achieving carbon neutrality, with synthetic methane being distributed through the existing gas infrastructure and combusted in existing gas appliances, requiring no large-scale investment for constructing new energy systems or modifying the existing ones.Concept of a shared platform applying CO2NNEXA shared platform aims for quantification of synthetic methane's environmental values by quantitatively documenting information for tracking and managing CO2 emissions relating to the manufacture, supply (including transport) and usage of synthetic methane at multiple business operators and locations.Osaka GasIn January 2021 the Daigas Group announced its "Carbon Neutral Vision" for achieving carbon neutrality by 2050 through decarbonization of the component ingredients of city gas by methanation and other means, and of its power sources primarily through use of renewable energies. The company is also considering a number of methanation projects overseas - notably, in Australia, South America and Southeast Asia - in a drive to achieve broad adoption of methanation.MHIMHI Group is actively involved in programs targeting the realization of a carbon neutral society, and building a CO2 ecosystem is central to its energy transition initiative. As a global leader in CCUS, the company aims to accelerate this ecosystem development by seeking widespread adoption of related hardware as well as the CO2NNEX digital platform.IBM JapanApplying its experience in supporting numerous customers worldwide, IBM Japan looks to accelerate CO2NNEXT's development with its blockchain enabling data sharing with safety, transparency and outstanding reliability; its hybrid cloud technology for building an agile and flexible IT environment linking the cloud and existing systems; and its AI technology enabling visualization, automation and optimization of the value chain.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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GOME Retail In 1H 2022 consolidated gross profit margin significantly increased to 19.8%, Cash flows from operating activities improved significantly and positively ACN Newswire

GOME Retail In 1H 2022 consolidated gross profit margin significantly increased to 19.8%, Cash flows from operating activities improved significantly and positively

September 1, 2022
HONG KONG, Sep 1, 2022 - (ACN Newswire via SEAPRWire.com) - GOME Retail Holdings Limited (HKEX Code: 493. HK, "GOME" or "the Company", and together with its subsidiaries, "the Group")announced its unaudited interim results during the six months ended 30 June 2022 (the "Reporting Period").The consolidated gross profit margin and operating cash flow improved significantly, and construction of the full retail ecological sharing platform has been completedIn 1H 2022, GOME continues to promote the implementation of the "Home . Living" Strategy, and based on the development philosophy from the platform perspective, users' perspective, and technology perspective, the Company created a "full retail ecosystem sharing platform" by establishing and integrating its six business platforms, namely "online platform, offline platform, supply chain platform, logistics platform, big data & cloud platform and sharing and joint development platform". The Group further promoted the grid-based model of "Home Living and Home Services" by implementing the core business strategies of entertainment-oriented marketing, low price, quality service, and technology, striving to meet the all-around consumption and service needs of family users.In the first half of the year, there are various lockdown and control measures in most regions affected by the recurring outbreaks of the pandemic in China, the momentum of economic recovery slowed down, and offline entities were disrupted significantly. And online business was also hit hard since the outbreak of the pandemic because of the disruption to the logistics service. However, with the gradual introduction of the national stimulus package, such as the stimulus to automobile consumption in June, or in July 13 departments including the Ministry of Commerce issued the "Several Measures on Promoting Green and Smart Appliance Consumption" to comprehensively promote the domestic green and smart household appliance consumption, would greatly benefiting the company's business recovery and significant growth in future. In 1H of 2022, the sales revenue of the Group was approximately RMB12,109 million, and the consolidated gross profit margin was approximately 19.81%, increasing substantially by 5.56 percentage points as compared to the corresponding period last year. The Group's operating expenses were approximately RMB4,839 million, which decreased by 3.10% as compared to the corresponding period last year. The Group's loss attributable to the owners of the parent was approximately RMB2,966 million. During the Reporting Period, the Group's cash flows generated from operating activities had significant improvement over the corresponding period last year, achieving a positive net inflow of RMB55 million.Focusing on the main business with a vertical model, reduce the burden in the second half yearThe field of household appliances is the traditional strength of GOME Retail, the Group's strategic focus in the coming period will focus on the main business with the vertical model. GOME will focus on retail sales of household appliances and consumer electronic products, based on the Company's years of experience in the retail field, relying on a large number of offline stores throughout the country and its existing supply chain and after-sales and other infrastructure, to form five main profit models: exhibition (offline boutique experience), marketing (online and offline omni-channel self-management + sharing supply chain), integrated solutions for home electronics products, extension products for wide scope home appliances and value-added services (delivery, after-sales, extended warranty, paid membership operation, etc.), in which the separation of exhibition and sales and adding the new offline display service charging model would benefit our revenue structure optimized. The effect of the transformation has been shown in the 1H 2022, the Group's consolidated gross profit was RMB2.4 billion, and the consolidated gross profit margin was approximately 19.81%, increased by 5.5 percentage points as compared to the corresponding period last year. By closing inefficient stores and expanding franchised stores, GOME will comprehensively optimize the store network layout, strengthening the cost reduction in the second half of the year. Maintaining the coverage of offline stores, the number of offline stores was reduced by 370, and the Company plans to close 30%-35% of inefficient businesses' self-operated stores in the future. Unrelated or loss-making businesses will be spun off, sold, or discontinued, and investment in expensive businesses will be gradually reduced. And since Q2, GOME has optimized personnel allocation, improved employees' quality and professionalism, and effective control the Company's salary costs.Offline stores optimized and upgraded, and the new model helps regain market shareThe Group will build an all-scenario and omni-channel provider of O2O appliances and consumer electronics retail by strengthening technology empowerment and comprehensively improving the operation quality of stores. While retaining 700 high-quality and efficient self-operated stores, the Group plans to add 100 superior city pavilions to optimize the grid-based model and improve the existing sales per unit area; with Gome's high-quality management model and supply chain, the Company will rapidly expand its network layout to cover the first to sixth tier cities nationwide with grid-based coverage to quickly regain its original market advantage.In addition, since July, stores in Chongqing, Wuhan, and other cities have begun to implement the new mode of operation. The new model stores will implement a separate exhibition and sales model to meet consumers' needs for a better product experience in reality. The new model stores focus on four dimensions: function, category, scenario, and sales per employee to provide customers with a more complete service experience. In terms of function, large stores and small stores focus on differentiation and further refinement of product categories; in terms of category, the Company focuses on high-end products and offline scenes of rigid demand to provide consumers with a more intuitive product experience; in terms of scenery, systematically planned store lines and more interactive demos display are used for specific products. Through single-brand multi-dimensional reuse enhancement, further improving efficiency and the sales model, will help to significantly improve sales per employee. The new model is expected to improve the sales per unit area and sales per employee of the stores by more than 40%.Comprehensive upgrade of supply chain model, empower quality productsTo enhance the selection and sales capacity of quality products, upgrading the supply chain model is an indispensable part. In the self-sourcing & underwriting custom model, based on the traditional supply chain, the Company will further increase the proportion of underwriting customization to achieve product differentiation and enhance the profitability of the supply chain. Further, the Company will deepen cooperation with suppliers, implement differentiation strategies, and more precise brand positioning; strengthen in-depth cooperation with head brands and enrich waist brands to empower the selection and sales of quality products and improve inventory turnover, which will be conducive to subsequent business development.Optimize asset structure, promote enterprise structure transformation and management upgradeTo increase the amount of tangible assets held by GOME, the Company acquired the property rights of two properties at a significant discount, GOME Commercial Capital and No. 9 Xiangjiang, which will be built as offline shopping and experience centers. The acquisitions will significantly improve the Company's asset adequacy ratio, enhance the confidence of financial institutions in supporting the Company's business, facilitate the Company's future refinancing and improve its core competitiveness.Moreover, to further professionally improve the profitability of the full-service closed loop of pre-sale, mid-sale, and after-sale and value-added services, the Company plans to acquire from the Controlling Shareholder part of the equity interest of Anxun Logistics at a substantially preferential price. Anxun Logistics has a competitive advantage in the field of large warehousing and distribution, which is a scarce advantageous asset in the market. Anxun Logistics' third-party business accounts for over 48% of its revenue and has good profitability and solid cash flow. It is expected to maintain an average growth rate of 20%-40% in the next five years and a net profit growth rate of over 40%. After the acquisition, it will become a new profit growth point for the Company.Strengthen technology empowerment and strategic cooperation, Actively take social responsibilityIn the first half of 2022, the Company entered into strategic cooperation with Huawei, Tencent, and Alibaba Cloud respectively, focusing on digitalization and big data/cloud for deep technology empowerment. The cooperation with Huawei focused on the digital enhancements of retail business. The strategic cooperation between the Company and Tencent covered big data & cloud, internet technologies, advertising and marketing, and smart stores. Reaching the strategic cooperation with Alibaba Cloud, the two parties will cooperate in the retail business, supply chain, marketing, operations, etc. By strategic cooperation with the top domestic Internet companies, and consolidating the resources and strengths of partners, technology empowers the actual business operation, will expedite the digital and intelligent transformation of approximately 4,000 stores of the Group in China, help to increase the overall scale of the Group, enable the Group to achieve low-cost traffic and precise marketing, enhance consumers' online and offline cross-scenario experience.During the Reporting Period, affected by the outbreaks of the pandemic, the Company is facing an uncertain external business environment. Nevertheless, the Group has always shouldered its social responsibilities by carrying out grid-based business management through its online platform "FUN" APP and offline network of approximately 4,000 GOME stores and developed the role of backbone enterprises internal and external. Internally, the Group strived to protect over 50,000 employees in 776 cities by implementing effective prevention and control measures. Externally, the Group was committed to securing stable supply and prices at all outlets and online platforms during the pandemic, ensuring healthcare products and daily necessities at normal prices. The Group took the initiative to maintain adequate supply and boost consumption during the pandemic by offering to deploy sufficient supplies to regions severely affected. Regarding outlook and prospects, the GOME management team said: "In the future, the Company will efficiently use the omni-retail ecological sharing platform, focus the vertical model on the main business and improve operational efficiency as the main strategic target in the next period, reorganizing the business segments and optimizing the asset structure, in order to cope with the impact of unfavorable market factors such as the pandemic, improve the profitability of the Company; using technological means to help the digital transformation of enterprises and improve consumer service experience. We will promote strategic focus in the existing development process, quickly realize the Company's operational elements, continue to improve operational efficiency, and enhance profitability. At the same time, strengthen interaction with external strategic partners, carry out more in-depth cooperation, and continue to empower each other in terms of goods, services, traffic, and technology, which is expected to achieve better profitability in 2023, reach the best level in history in 2024, and exceed the best level significantly in 2025."About GOME RETAIL HOLDINGS LIMITEDGOME RETAIL HOLDINGS LIMITED was listed on the Hong Kong Stock Exchange in July 2004 (Stock Code: 493HK). Founded in 1987 in China, GOME is a leading technology-driven, experience-based, entertainment-oriented, and socialized "Home . Living" technology retail service provider in China. Under the strategy of "Home . Living", GOME strengthens its technology empowerment and focuses on the retail of home appliances and consumer electronic products as its main business. Moreover, five main profit models have been formed: exhibition (offline boutique experience), marketing (online and offline omni-channel self-management + sharing supply chain), integrated solutions for home electronics products, extension products for a wide scope of home appliances, and value-added services (delivery, after-sales, extended warranty, paid membership operation, etc.).Please visit our website for more information: www.gome.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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