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目前Global Business News文章數, 共 20947 篇 ,以下為 20377 - 20400 篇 訂閱此列表,掌握最新動態
X Financial Files Annual Report on Form 20-F for Fiscal Year 2022

SHENZHEN, China, April 28, 2023 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading online personal finance company in China, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission ("SEC") on April 27, 2023. The annual report can be accessed on the Company's investor relations website at https://ir.xiaoyinggroup.com as well as the SEC's website at https://www.sec.gov. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to the Company's IR Department at ir@xiaoying.com. About X Financial X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China. The Company is committed to connecting borrowers on its platform with its institutional funding partners. With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate and originate loans to prime borrowers under a risk assessment and control system. For more information, please visit: https://ir.xiaoyinggroup.com. For more information, please contact: X FinancialMr. Frank Fuya ZhengE-mail: ir@xiaoying.comChristensen IR In ChinaMr. Eric YuanPhone: +86-10-5900-1548E-mail: eric.yuan@christensencomms.com In USMs. Linda BergkampPhone: +1-480-614-3004Email: linda.bergkamp@christensencomms.com

文章來源 : PR Newswire 美通社 發表時間 : 瀏覽次數 : 496 加入收藏 :
Ambow Files its Annual Report on Form 20-F for Fiscal Year 2022

CUPERTINO, Calif., April 28, 2023 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), a technology-driven educational company with primary operations in the United States, today announced that is has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission (the "SEC"). The Annual Report on Form 20-F can be accessed on the SEC's website at http://www.sec.gov. The Company will provide a hard copy of the Annual Report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to ir@ambow.com, or the Company's Investor Relations at Ambow Education Holding Ltd., 19925 Stevens Creek Blvd, Cupertino, CA 95014, United Stated of America. About Ambow Ambow Education Holding Ltd. is a technology-driven educational company with primary operations in the United States. Through the operation of its for-profit colleges and dynamic patented open platform technology, Ambow offers high-quality, individualized, and dynamic career education services and products. Follow us on Twitter: @Ambow_Education Safe Harbor Statement This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward- looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about Ambow and the industry. All information provided in this press release is as of the date hereof, and Ambow undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Ambow believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. For more information, please contact: Ambow Education Holding Ltd.Email: ir@ambow.com Rasky Partners | Mediajgriffin@rasky.com The Piacente Group | Investor RelationsTel: +1-212-481-2050 or +86-10-6508-0677E-mail: ambow@tpg-ir.com   

文章來源 : PR Newswire 美通社 發表時間 : 瀏覽次數 : 447 加入收藏 :
OrthAlign's 50th Patent Affirms Position as A Global Leader in Surgical Navigation

ALISO VIEJO, Calif., April 28, 2023 /PRNewswire/ -- OrthAlign® Inc., a global leader in orthopedic surgical navigation technology, continues to expand its IP portfolio, with its 50th patent being issued. OrthAlign pioneered and continues to enhance surgical navigation solutions proven to enable accurate placement of orthopedic implants. "Innovating with the goal of improving patient outcomes is key to the success of OrthAlign," said Eric Timko, CEO of OrthAlign. "This patent milestone is recognition of our position as an industry leader and our commitment to protecting our intellectual property in order to continue to deliver new and innovative products." OrthAlign's patent portfolio provides robust coverage for a variety of inventions including systems and methods for use of a surgical orientation device in knee replacement, balancing, and hip applications. The extensive portfolio of patents protects innovations in the United States and other key markets. Recently, OrthAlign filed a legal action in Australia alleging infringement by Navbit Pty Ltd. of a patent directed to systems for use in hip replacement procedures, identified as case No. VID678/2022. By building a strong intellectual property portfolio, OrthAlign protects and strengthens its position as a leader in orthopedic technology as it continues to grow with the recent launch of Lantern®. About OrthAlign OrthAlign, headquartered in Aliso Viejo, CA, revolutionized the orthopedic surgical navigation industry with handheld sensor-based devices for use in total knee replacement, partial knee replacement, total hip replacement, and other procedures. The KneeAlign® system for total knee replacement provides both tibial and femoral intra-operative navigation in a simple, easy to use device. The HipAlign® system for total hip replacement provides acetabular cup navigation as well as measures changes in leg length and joint offset. The Lantern system provides unrivaled ease of use with efficient workflows. OrthAlign develops innovative, cost-effective instruments that are designed to improve accuracy of alignment for knee and hip replacement. For more information, please visit www.orthalign.com. "ORTHALIGN®, ORTHALIGN PLUS®, LANTERN®, KNEEALIGN®, HIPALIGN® and UNIALIGN®" are registered trademarks of OrthAlign, Inc. Logo - https://mma.prnasia.com/media2/1960837/OA_Logo_black_Logo.jpg?p=medium600 

文章來源 : PR Newswire 美通社 發表時間 : 瀏覽次數 : 625 加入收藏 :
Pixelworks Partners with GALA Sports to Optimize the Visual Display of "Total Football" on Smartphones

Excellent Picture Quality with High Clarity, High Frame Rate Gaming with Low Power Consumption, Realistic Portrayal of Fierce Competition, Great Immersion for Sports Mobile Gaming SHANGHAI, April 28, 2023 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced that GALA Sports' first self-developed football simulation game, Total Football, has integrated Pixelworks' Rendering Accelerator SDK as part of its solution to improve the visual experience of mobile gaming. Coupled with Pixelworks X7 (or above) visual processors, the Rendering Accelerator serves as the bridge to deliver high frame rate game content precisely and efficiently on mobile devices, achieving smooth and immersive game experiences with low power consumption. As a football simulation game, Total Football is licensed by FIFPro and includes Ronaldinho as its Global Ambassador. Based on a neural network AI algorithm and motion matching engine, the game provides smooth control and operational experience as well as high definition (with frame rate up to 120 fps) picture quality, supports real-time PVP, ultra-low latency and fair competition. In the first month following its release in July 2022 in mainland China on the iOS App Store, the game topped the download rankings in Sports Games and ranked 6th among Free Games downloaded. Total Football has now been launched in many overseas regions, and it has won unanimous praise from players at home and abroad for its fair gameplay and smoothness in control and operation. Compared with RPG and SLG games, which account for a larger share of the market, sports games have a higher threshold of technology accumulation, consumer cognition and product experience for market entry. To gain wide market recognition, game development teams need to have the determination to devote themselves to sports-based games, which requires a longer-term mindset and approach to product development and operation. Additionally, an accumulation of advanced and profound technology is necessary to overcome the hurdles of sports game production, including motion capture, rendering and visual optimization. It is important to note that the key factors of visual experience for mobile gaming not only lie in the content production phase, but also in the display phase. Given that the visual display performance of smartphones is confined by hardware limitations, users often need to make trade-offs between frame rate and power consumption when running high frame rate mobile games. In order to overcome these limitations, Pixelworks and GALA Sports are working together to implement the visual processing solution and enhance display quality throughout the production-to-display lifecycle of mobile games. Leveraging the combination of Pixelworks' Rendering Accelerator and X7 visual processor, android smartphones are able to offload the GPU rendering pressure and fully realize the 120fps frame rate of Total Football with low power consumption. "Sports simulation games are one of the most difficult game categories to develop. Gameplay design, players' action animation, graphics rendering, all of these elements need to be realistic enough to give users a strong sense of immersion," said Huang Xiang, Chief Technology Officer of GALA Sports. "As for the game development per se, GALA Sports team has made technology breakthroughs in rendering, AI, animation/physics, Frame synchronization PvP, cross-platform support. In terms of visual display on mobile devices, we hope to break free from the constraints of power consumption by leveraging Pixelworks' rich experience in mobile visual display optimization so that more Total Football users can enjoy a longer time of 120 fps gaming experience on their smartphones." "As part of enabling a comparable AAA visual experience to PCs on mobile devices, Pixelworks is committed to partnering with game content providers, game engine developers, smartphone manufacturers and other collaborative players. Our end goal is to cultivate a mobile game ecosystem in which more in-depth technical exchanges and underlying resource sharing results in a comprehensive visual optimization of mobile games – from production to display," said Ting Xiong, President of Pixelworks China. "We are pleased that Pixelworks' visual display solutions help to deliver the coexistence of high frame rate and low power consumption, providing Total Football users with a more enjoyable gaming experience. With the continuous maturity of technologies and the end user experience, sports games are poised to thrive. We hope that through our continuous efforts, the unique charm of sports games will be extended to a larger group of smartphone users."  About GALA Sports Founded in 2013, GALA Sports (HKSE:02458) is now the largest mobile sports simulation games developer and operator in China. With its profound experience in the sports game market and stable high-quality product development over the years, GALA Sports has obtained remarkable market success with titles like Football Master, NBA Basketball Master, Football Master 2, Total Football and MLB Clutch Hit Baseball. During all this time, GALA Sports has been partnering with renowned sports leagues and clubs in the industry, such as FIFPro, NBA, MLB, Real Madrid, FC Barcelona, making itself stand out among all game companies in China within its largest number of sports IP copyrights as well as over 30 million game users worldwide. About Pixelworks Pixelworks provides industry-leading content creation, video delivery and display processing solutions and technology that enable highly authentic viewing experiences with superior visual quality, across all screens – from cinema to smartphone and beyond. The Company has more than 20 years of history delivering image processing innovation to leading providers of consumer electronics, professional displays and video streaming services. For more information, please visit the company's web site at www.pixelworks.com. Note: Pixelworks and the Pixelworks logo are trademarks of Pixelworks, Inc. All other trademarks are the property of their respective owners.  

文章來源 : PR Newswire 美通社 發表時間 : 瀏覽次數 : 578 加入收藏 :
Ambow Education Announces Second Half and Full-Year 2022 Financial Results

Unveils Strategy to Lead Emerging Hybrid Education Market CUPERTINO, Calif., April 28, 2023 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), a technology-driven educational company with primary operations in the United States, today announced its financial and operating results for the second half[1] and full fiscal year[2], ended December 31, 2022. "During the second half of 2022, we completed the sale of our overseas assets and transitioned our business operations to the U.S. where we introduced HybriU, our industry-leading hybrid learning platform designed to tackle the challenges of the new education paradigm," said Dr. Jin Huang, Ambow's President, Chief Executive Officer and acting Chief Financial Officer. "We believe that HybriU brings the education industry its first fully integrated, interactive, online and offline instruction platform. This places Ambow at the cutting edge of a game-changing transition toward hybrid learning with HybriU's ability to facilitate borderless education opportunities by removing historical barriers between online and offline, languages and regions, as well as academia and industry. "In 2023, we will continue to build out our U.S. operations by expanding our sales network to establish strategic partnerships with top-tier educational institutions and leading corporations, with a primary focus on the rapidly growing higher education market. While we work diligently to deploy our innovative technology, we maintain solid cash resources of approximately US$ 7.7 million as of December 31, 2022. As always, we remain committed to creating sustainable, long-term value for all our stakeholders as we leverage our expertise in the education industry to take us into our next phase of growth," concluded Dr. Huang. [1] Financial results for the second half of 2022 have not been audited or reviewed by the Company's independent registered accounting firm. [2] Financial results for the full fiscal year ended December 31, 2022 have been audited by the Company's independent registered accounting firm.   Ambow Provides Update on Strategic Operations in the U.S. with New HybriU Platform Ambow is wholly dedicated to offering connective technology that can dramatically decrease the historical barriers between online and offline education, languages, regions, academia and industry. During the second half of 2022, the Company transitioned its business to an exclusive focus on operations in the U.S., powered by its HybriU education technology platform. HybriU's first-to-market, patented technology solutions are ideally positioned to meet the rapidly growing global demand for higher education and workforce training. As the education market begins to grow beyond purely online and offline models of learning, HybriU's advanced platform capabilities place Ambow at the forefront of the global education market's transition toward a hybrid learning model. Designed to address the specific needs of colleges, universities and corporations across the world, HybriU empowers these institutions to convert traditional teaching and training facilities into hybrid classrooms and laboratories in a scalable, affordable manner. The platform provides instant AI translation, simultaneous content creation and SaaS-based right-fit IT solutions. To date, HybriU has been deployed at Ambow's fully owned and operated U.S.-based schools, providing case studies in success for Ambow's potential scope and reach. Ambow is targeting deployment of its HybriU solution in large U.S. markets such as leading colleges, universities and corporations, and particularly those that have historically relied on offline instruction and training. This includes top-tier universities that wish to make their courses available to audit students, as well as smaller colleges that need to increase their enrollment through out-of-state and international students. In addition, the Company is seeking to deploy HybriU in industry-leading corporations, helping to connect the global workforce with regional or international offices, outside trainers, or academic institutions. Ambow believes HybriU's connective technology will be invaluable in decreasing the traditional barriers that have existed between students and employees from different regional and linguistic backgrounds, and that it will help to facilitate a global transition toward hybrid education and training, where Ambow is ideally positioned to lead this growing revolution. Fourth Quarter 2022 Financial Highlights Net revenues from continuing operations in the fourth quarter of 2022 were RMB 22.6 million (US$ 3.3 million), compared with RMB 29.7 million (US$ 4.7 million) in the same period of 2021. The decrease was primarily driven by lower student enrollment. Gross loss from continuing operations in the fourth quarter of 2022 was RMB 5.2 million (US$ 0.8 million), compared with gross profit of RMB 2.0 million (US$ 0.3 million) in the same period of 2021. Gross profit margin was negative 23.2%, compared with positive 6.8% in the fourth quarter of 2021. The decrease in gross profit was mainly attributable to the decrease in net revenues due to lower student enrollment during the period. Operating expenses from continuing operations in the fourth quarter of 2022 decreased by 79.8% to RMB 5.2 million (US$ 0.8 million) from RMB 25.7 million (US$ 4.0 million) in the same period of 2021. The decrease was primarily due to stringent expense controls to improve operating efficiency, primarily driven by decreased rental expense associated with college campus during the period. Operating loss from continuing operations in the fourth quarter of 2022 improved to RMB 10.4 million (US$ 1.5million), compared with a loss of RMB 23.6 million (US$ 3.7 million) in the same period of 2021. Net loss attributable to the Company's ordinary shareholders from continuing operations improved to RMB 6.1 million (US$ 0.9 million), or RMB 0.12 (US$ 0.02) per basic and diluted share, compared with a loss of RMB 23.2 million (US$ 3.7 million), or RMB 0.50 (US$ 0.08) per basic and diluted share, in the same period of 2021. Full Fiscal Year 2022 Financial Highlights Net revenues from continuing operations in fiscal year 2022 decreased by 9.8% to RMB 102.4 million (US$ 14.8 million) from RMB 113.5 million (US$ 17.8 million) in 2021. The decrease was primarily driven by lower student enrollment. Gross loss from continuing operations in fiscal year 2022 was RMB 0.6 million (US$ 0.1 million), decreasing from gross profit of RMB 12.4 million (US$ 1.9 million) in 2021. The decrease in gross profit was mainly attributable to the decrease in net revenues due to lower student enrollment. Operating expenses from continuing operations in fiscal year 2022 decreased by 3.7% to RMB 64.9 million (US$ 9.4 million) from RMB 67.4 million (US$ 10.6 million) in 2021. The decrease was primarily attributable to lower selling and marketing expense due to decreased marketing activities as the Company transitioned its business operations to the U.S., and the enactment of strict expense control measures. The decrease was partially offset by increased general and administrative expense due to the grant of restricted shares to senior management, as well as the impairment loss during the period. Operating loss from continuing operations in fiscal year 2022 was RMB 65.4 million (US$ 9.5 million), compared to an operating loss of RMB 55.0 million (US$ 8.6 million) in 2021. Net loss attributable to the Company's ordinary shareholders from continuing operations was RMB 63.8 million (US$ 9.3 million), or RMB 1.29 (US$ 0.19) per basic and diluted share, compared with a loss of RMB 42.6 million (US$ 6.7 million), or RMB 0.91 (US$ 0.14) per basic and diluted share in 2021. As of December 31, 2022, Ambow maintained strong cash resources of RMB 52.9 million (US$ 7.7 million), comprised of cash and cash equivalents of RMB 22.8 million (US$ 3.3 million) and restricted cash of RMB 30.1 million (US$ 4.4 million). Subsequent Events On February 28, 2023, the Company consummated a private placement of ordinary shares and an accompanying warrant to an institutional investor, generating total proceeds of US$ 2.0 million. The warrant is exercisable upon issuance and has a three-year term from the exercise date. The exercise price of the warrant is US$ 0.80 per share. As of the date of this report, the warrant had not been issued. On January 19, 2023, the New England Commission of Higher Education ("NECHE") informed Bay State College ("BSC") of its intention to withdraw BSC's accreditation as of August 31, 2023. Ambow has filed an appeal for the decision. On March 20, 2023, the appeal panel of NECHE affirmed NECHE's decision to withdraw. Without NECHE accreditation, Bay State College will not be able to disburse Title IV funding to its students for classes after August 2023, and will not be able to disburse VA funding to its students for classes after Spring semester ends. As part of Ambow's strategic initiatives, the Company expects its future growth to be powered by the integration of its Hybri-U learning platform within higher-education institutions and corporate learning markets that it is targeting across the U.S. Exchange Rate Information This announcement contains conversions of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all amounts converted from RMB to U.S. dollars for the third quarter is based on the effective exchange rate of 7.1135 as of September 30, 2022; all amounts converted from RMB to U.S. dollars for the fourth quarter and fiscal year of 2022 are based on the effective exchange rate of 6.8972 as of December 30, 2022.The exchange rates were according to the middle rate as set forth in the H.10 statistical release of the U.S. Federal Reserve Board. Fluctuations in financial highlights are based on RMB amounts. About Ambow Ambow Education Holding Ltd. is a technology-driven educational company with primary operations in the United States. Through the operation of its for-profit colleges and dynamic patented open platform technology, Ambow offers high-quality, individualized, and dynamic career education services and products. Follow us on Twitter: @Ambow_Education Safe Harbor Statement This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward- looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about Ambow and the industry. All information provided in this press release is as of the date hereof, and Ambow undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Ambow believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. For more information, please contact: Ambow Education Holding Ltd.Email: ir@ambow.com Rasky Partners | Mediajgriffin@rasky.com The Piacente Group | Investor RelationsTel: +1-212-481-2050 or +86-10-6508-0677E-mail: ambow@tpg-ir.com      AMBOW EDUCATION HOLDING LTD. CONSOLIDATED BALANCE SHEETS (All amounts in thousands, except for share and per share data) As of December 31, As of December 31, 2022 2021 US$ RMB RMB ASSETS Current assets: Cash and cash equivalents 3,308 22,819 26,753 Restricted cash 4,362 30,084 - Accounts receivable, net 1,983 13,679 11,961 Prepaid and other current assets 6,171 42,560 6,261 Current assets of discontinued operations - - 335,135 Total current assets 15,824 109,142 380,110 Non-current assets: Property and equipment, net 276 1,906 2,654 Intangible assets, net 537 3,703 7,790 Operating lease right-of-use asset 6,909 47,653 146,732 Other non-current assets 1,970 13,587 18,832 Non-current assets of discontinued operations - - 414,044 Total non-current assets 9,692 66,849 590,052 Total assets 25,516 175,991 970,162 LIABILITIES Current liabilities: Short-term borrowings  3,029 20,894 103 Deferred revenue - - 5,403 Accounts payable  2,393 16,505 18,143 Accrued and other liabilities  3,737 25,773 17,738 Income taxes payable, current  528 3,645 3,337 Operating lease liability, current  2,218 15,299 27,584 Current liabilities of discontinued operations - - 526,345 Total current liabilities 11,905 82,116 598,653 Non-current liabilities: Operating lease liability, non-current  5,744 39,616 123,804 Non-current liabilities of discontinued operations - - 101,023 Total non-current liabilities 5,744 39,616 224,827 Total liabilities 17,649 121,732 823,480 EQUITY Preferred shares (US$ 0.003 par value; 1,666,667 shares authorized, nil issued and outstanding as of December 31,2021 and 2022)  - - - Class A Ordinary shares (US$ 0.003 par value; 66,666,667 and 66,666,667shares authorized; 41,973,276 and 47,419,109 shares issued and outstanding as of December 31, 2021 and 2022, respectively) 131 903 795 Class C Ordinary shares (US$ 0.003 par value; 8,333,333 and 8,333,333shares authorized; 4,708,415 and 4,708,415 shares issued and outstanding as of December31, 2021 and 2022, respectively) 13 90 90 Additional paid-in capital 515,182 3,553,315 3,545,955 Statutory reserve - - 3,837 Accumulated deficit (508,757) (3,509,002) (3,415,771) Accumulated other comprehensive income 1,298 8,953 11,291 Total Ambow Education Holding Ltd.'s equity 7,867 54,259 146,197 Non-controlling interests - - 485 Total equity 7,867 54,259 146,682 Total liabilities and equity 25,516 175,991 970,162     AMBOW EDUCATION HOLDING LTD. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (All amounts in thousands, except for share and per share data) For the three months ended September 30, For the three months ended December 31, 2022 2022 2021 2022 2022 2021 US$ RMB RMB US$ RMB RMB NET REVENUES  Educational program and    services 2,351 16,727 16,916 3,274 22,582 29,688 COST OF REVENUES  Educational program and   services (4,232) (30,101) (23,796) (4,033) (27,815) (27,665) GROSS LOSS (1,881) (13,374) (6,880) (759) (5,233) 2,023 Operating expenses: Selling and marketing (283) (2,012) (4,477) (95) (656) (8,009) General and administrative (1,201) (8,543) (9,670) (655) (4,520) (17,648) Impairment loss (637) (4,534) - - - - Total operating expenses (2,121) (15,089) (14,147) (750) (5,176) (25,657) OPERATING LOSS (4,002) (28,463) (21,027) (1,509) (10,409) (23,634) OTHER INCOME    (EXPENSES) Interest (expenses) income (34) (239) 359 1 7 829 Foreign exchange (loss) gain,    net - (1) (1) - 2 (1) Other (expenses) income, net (33) (235) (315) 661 4,556 (750) Gain on forgiven PPP loan - - 9,305 - - - Total other (expenses) income (67) (475) 9,348 662 4,565 78 LOSS BEFORE INCOME    TAX AND NON-   CONTROLLING    INTEREST (4,069) (28,938) (11,679) (847) (5,844) (23,556) Income tax benefit (expenses)   1 8 3,322 (33) (231) 316 LOSS FROM CONTINUING   OPERATIONS (4,068) (28,930) (8,357) (880) (6,075) (23,240) (Loss) Income from and on    sale of discontinued    operations, net of income    tax (923) (6,563) 39,947 4,794 33,066 (13,938) NET (LOSS) INCOME (4,991) (35,493) 31,590 3,914 26,991 (37,178) Less: Net loss attributable to   noncontrolling interests   from continuing operations - - - - - Less: Net loss attributable to    noncontrolling interests    from discontinued   operations (35) (250) (302) (29) (202) (177) NET LOSS ATTRIBUTABLE    TO ORDINARY    SHAREHOLDERS FROM    CONTINUING    OPREATIONS (4,068) (28,930) (8,357) (880) (6,075) (23,240) NET (LOSS) INCOME    ATTRIBUTABLE TO   ORDINARY    SHAREHOLDERS FROM    DISCONTINUED    OPREATIONS (888) (6,313) 40,249 4,823 33,268 (13,761) NET (LOSS) INCOME    ATTRIBUTABLE TO    ORDINARY    SHAREHOLDERS (4,956) (35,243) 31,892 3,943 27,193 (37,001) OTHER    COMPREHENSIVE    (LOSS) INCOME, NET    OF TAX Foreign currency translation    adjustments (278) (1,979) 147 104 720 (440) Unrealized (loss) gain on short   term investments - - (382) - - 60 Other comprehensive (loss)   income (278) (1,979) (235) 104 720 (380) TOTAL    COMPREHENSIVE   (LOSS) INCOME (5,269) (37,472) 31,355 4,018 27,711 (37,558) Net loss from continuing    operations per share –    basic and diluted (0.08) (0.56) (0.18) (0.02) (0.12) (0.50) Net (loss) income from    discontinued operations per    share – basic and diluted (0.02) (0.12) 0.86 0.09 0.64 (0.29) Weighted average shares used    in calculating basic and    diluted net (loss) income   per share 52,110,948 52,110,948 46,660,948 52,127,524 52,127,524 46,673,494     AMBOW EDUCATION HOLDING LTD. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (All amounts in thousands, except for share and per share data) For the years ended December 31, 2022 2022 2021 US$ RMB   RMB NET REVENUES  Educational program and services 14,840 102,352 113,534 COST OF REVENUES  Educational program and services (14,924) (102,933) (101,138) GROSS (LOSS) PROFIT (84) (581) 12,396 Operating expenses: Selling and marketing (1,487) (10,256) (19,968) General and administrative (7,260) (50,074) (47,436) Impairment loss (657) (4,534) - Total operating expenses (9,404) (64,864) (67,404) OPERATING LOSS (9,488) (65,445) (55,008) OTHER INCOME (EXPENSES) Interest (expenses) income (101) (698) 1,515 Other income (expenses), net 500 3,451 (1,657) Loss on disposal of subsidiaries (163) (1,124) - Gain on forgiven PPP loan - - 9,305 Total other income 236 1,629 9,163 LOSS BEFORE INCOME TAX AND NON-CONTROLLING INTEREST (9,252) (63,816) (45,845) Income tax benefit - - 3,220 LOSS FROM CONTINUING OPERATIONS (9,252) (63,816) (42,625) (Loss) Income from and on sale of discontinued operations, net of income tax (5,056) (34,871) 44,629 NET (LOSS) INCOME (14,308) (98,687) 2,004 Less: Net loss attributable to noncontrolling interests from continuing operations - - - Less: Net loss attributable to noncontrolling interests from discontinued operations (235) (1,619) (998) NET LOSS ATTRIBUTABLE TO ORDINARY SHAREHOLDERS FROM    CONTINUING OPREATIONS (9,252) (63,816) (42,625) NET (LOSS) INCOME ATTRIBUTABLE TO ORDINARY SHAREHOLDERS   FROM DISCONTINUED OPREATIONS (4,821) (33,252) 45,627 NET (LOSS) INCOME ATTRIBUTABLE TO ORDINARY    SHAREHOLDERS (14,073) (97,068) 3,002 OTHER COMPREHENSIVE LOSS, NET OF TAX Foreign currency translation adjustments (339) (2,338) (711) Unrealized loss on short term investments - - (99) Other comprehensive loss (339) (2,338) (810) TOTAL COMPREHENSIVE (LOSS) INCOME (14,647) (101,025) 1,194 Net loss from continuing operations per share – basic and diluted (0. 19) (1. 29) (0.91) Net (loss) income from discontinued operations per share – basic and diluted (0.10) (0.67) 0.98 Weighted average shares used in calculating basic and diluted net (loss) income per   share 49,458,266 49,458,266 46,654,853    

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ATLAS RENEWABLE ENERGY SIGNS LARGEST PRIVATE SOLAR PPA IN LATAM

Atlas repeats partnership with Albras, the largest aluminum producer in Brazil, with unprecedented 21-year US dollar power purchase agreement SAO PAULO, April 28, 2023 /PRNewswire/ -- Atlas Renewable Energy, a global leader in renewable energy, just signed a power purchase agreement with Albras, the largest primary aluminum producer in Brazil. Under the US dollar contract, Atlas will supply sustainable solar energy to Albras for 21 years, the longest term ever signed in Latin America for a corporate renewable energy PPA. ATLAS RENEWABLE ENERGY SIGNS LARGEST PRIVATE SOLAR PPA IN LATAM The energy provided to Albras under this PPA will be supplied by the Vista Alegre Photovoltaic Project, with operations expected to start in 2025. The plant will be located in the state of Minas Gerais with an installed capacity of 902 MWp and will generate approximately 2TWh/year, which is equivalent to removing more than 61,800 cars of the streets of Sao Paulo and offsetting approximately 154,000 tons of CO2 emissions per year. "This is an important step for Atlas as we continue our focus to partner with corporate customers to support their energy transition to clean energy. The closing of our second contract with Albras attests to our ability to provide a compelling tailored energy solution to our customers. Furthermore, it offers predictability to the energy management of our customers looking to achieve their sustainability goals. The scale and term of this deal underscores Atlas' ability to address the needs of large energy consumers with reliability of execution, while fostering best in class ESG programs in line with their values", says Carlos Barrera, Atlas Renewable Energy's CEO. With this new power purchase agreement, the partnership between Atlas and Albras will enable the equivalent generation of renewable energy that could power a city with approximately 3 million inhabitants, such as Brasilia. Furthermore, Atlas' Vista Alegre will continue to enable ESG practices to instill long-term benefits and promote sustainable practices for the nearby communities. "We are all part of the same energy," Atlas' flagship social program will be implemented to promote diversity and inclusion within the renewable energy sector by training local women in technical skills and mobilizing its contractors to include them in their recruiting process, aiming to reach more than 15% of female representation within the construction of the plant. About Atlas Renewable Energy Atlas Renewable Energy is an international renewable energy generation company with over 4 GW of contracted projects, of which 2.2 GW are operational. Atlas specializes in developing, financing, constructing, and operating renewable energy projects throughout the Americas since early 2017. The company includes an experienced team with a deep global power market and renewable energy expertise, with the longest track record in the renewable energy industry in the Americas and Europe. The company's strategy is focused on helping large corporates make the energy transition to 100% clean energy. Atlas Renewable Energy is widely recognized for its high standards in the development, construction, and operation of large-scale projects, as well as a deep and long-standing track record in ESG and sustainable development. For more information, visit: www.AtlasRenewableEnergy.com  

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