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符合「Annual General Meeting」新聞搜尋結果, 共 212 篇 ,以下為 169 - 192 篇 訂閱此列表,掌握最新動態
Think tank publication outlines nation's resolve

BEIJING, Aug. 31, 2023 /PRNewswire/ -- A news report from China Daily: An international think tank initiated by the Chinese government has published an annual report to review the country's progress in environmental policymaking since last year, shining a spotlight on China's resolve to curb pollution. "The past year has been extraordinary and momentous," said the China Council for International Cooperation on Environment and Development in the report's foreword, which listed a range of policy statements demonstrating the country's resolve in promoting green development. Among them was the report to the 20th National Congress of the Communist Party of China, which states that the harmonious coexistence between humanity and nature is one of the important features and essential requirements of the Chinese path to modernization. "That reflects the Chinese government's responsibility to promote sustainable development and its historic courage in exploring a new development path," the CCICED report said. It was released on the sidelines of the group's annual general meeting, a three-day event that closed on Wednesday in Beijing. Covering a host of topics such as biodiversity and air pollution, the six-part report highlights the progress made in reining in fossil fuel emissions. In the chapter on environmental lawmaking, it said the report to the 20th CPC National Congress, which was held in mid-October last year, proposed that the government "work actively and prudently" toward the dual goals of peaking carbon emissions before 2030 and achieving carbon neutrality before 2060, and suggested that climate legislation be fast-tracked. In January, the National Development and Reform Commission, the country's leading economic planner, unveiled a plan to bolster green consumption and curb extravagance and waste, the report noted. Many policy changes have shown a high level of correlation with recommendations proposed by the group, according to the report. In one example, the group recommended last year that efforts be made to prioritize the development of a dedicated climate change law to set the necessary legal basis for China's climate transition, and explore the inclusion of the dual carbon targets and climate adaptation into the scope of public interest litigation by prosecutors. This has since happened. The annual meeting of the China Council for International Cooperation on Environment and Development is held in Beijing on Aug 28-30.  

文章來源 : PR Newswire 美通社 發表時間 : 瀏覽次數 : 2455 加入收藏 :
Reasons Why BBRI Stocks Are a Solid Choice for Long-Term Investments

JAKARTA, Indonesia, Aug. 5, 2023 /PRNewswire/ -- PT Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) has shown outstanding performance, resulting in a positive uptrend in the company's stock price. On July 25, 2023, BBRI reached its all-time high at IDR 5,650 and closed at IDR 5,700 on July 28, 2023.   Agung Ramadoni, Head of Equity Investment at Berdikari Manajemen Investasi, emp Reasons Why BBRI Stocks Are a Solid Choice for Long-Term Investments hasized that "BRI's buyback program is an indicator that the management believes in the company's future performance. Additionally, BRI's fundamental performance is a key factor for the banking sector to achieve profit." In line with the 2023 Annual General Meeting (AGM) on March 13, 2023, BRI has allocated a buyback fund of up to IDR 1.5 trillion to be completed from March 14, 2023, to September 14, 2024, as part of the Employee and Director Stock Ownership Program (ESOP). Notably, BRI has been consistent in its buyback strategy for the ESOP program for two years, executing transactions amounting to IDR 2.99 trillion or 647.38 million shares from March 1, 2022, to January 26, 2023. The program aims to engage BRI employees and directors, fostering motivation and a sense of ownership to enhance overall performance. BRI's President Director, Sunarso, stated that "Throughout this buyback, we have been very calculative, ensuring it will not affect our performance or future capital structure but rather strengthen it." Agung further highlighted, "BRI's ability to improve efficiency is evident in the lower growth of operational costs compared to its revenues." BRI's net interest margin (NIM) rose to 7.8% in Q1 2023 from 7.7% in Q1 2022, and credit costs decreased by 198 basis points in March 2023 compared to the previous year. Additionally, the bank's return on average equity (ROAE) soared to over 20%. Moreover, certain expenses saw a decline, with promotional expenses at only 8.1% YoY, totaling IDR 298.74 billion, and other expenses at 5.73% YoY, totaling IDR 7.39 trillion. Consequently, the operational cost-to-income ratio (BOPO) decreased from 64.26% in Q1 2022 to 60.7% in Q1 2023. BRI's micro-credit dominant portfolio may sustain NIM in high-interest-rate conditions. Analysts project BBRI's stocks to potentially reach IDR 6,800 within a year, with an average value of IDR 5,975. For more information about BRI, visit www.bri.co.id.

文章來源 : PR Newswire 美通社 發表時間 : 瀏覽次數 : 3476 加入收藏 :
Announcing profit of almost USD 232.4 million and adopting Basel III, HDBank continues moving forward with its sustainable business plan

HO CHI MINH CITY, VIETNAM - Media OutReach - 3 August 2023 - Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - HOSE: HDB) has announced its first half results with pre-tax profits of nearly VND 232.4 million, which extended its growth track record in the 10th consecutive year. "Overcoming many unprecedented challenges in the first half of this year, the operating results of HDBank in the first six months of 2023 once again confirm that the strategy and goals set by the Board of Directors are on the right track. HDBank remains steadfast in its sustainable development strategy, focusing on retail and digitalization, enhancing customer experience and values, with a focus on agriculture and rural areas, serving individual customers, households, SMEs, and value chains," said Mr. Kim Byoungho, Chairman of HDBank's Board of Directors. ROE and many financial indicators are at the market-leading levels According to the financial statement, as of June 30, 2023, HDBank's total assets reached USD 20.4 billion, up 26% year-over-year (YoY). Total funding reached USD 18.17 billion, up 17.4% year-to-date (YTD), with customer deposits reaching USD 13.08 billion, up 44%. Total credit balance exceeded USD 12.36 billion, up 9.3% YTD. These indicators reflect the bank's solid growth momentum, primarily driven by its strategic focus on agriculture, rural areas, SMEs, small household businesses, and supply chains, in line with the "Sustainable Development – Pioneering Spirit" strategy embraced at its Annual General Meeting. HDBank's digital transformation efforts are bearing fruit, with the number of customers using digital channels in the first six months of 2023 increasing by nearly 70% YoY. The number of transactions on digital platforms increased by 116% YoY, corresponding to a 132% increase in transaction value. Digital transformation has also improved productivity, cost-to-income ratio (CIR) was optimized to 34.77%, from last year's 36.98%, which is among the banks with lowest CIR in the market. The Return on Equity (ROE) exceeded 22%, which further solidified its position among the most profitable banks in the system. In the first half of 2023, in line with the State Bank's guideline for reducing lending rates and restructuring repayment schedule for those customers facing with difficulties to support their recovery, HDBank reduced lending interest rates for its customers whose total outstanding loan balance was over USD 2.7 billion. The Bank's subsidiary - HD SAISON also promotes the disbursement of a preferential loan package of VND 10 trillion for factory workers and laborers. Fully implemented Basel III standards, room for growth remains ample Basel III standards were first studied for implementation since 2019, by June 2023, HDBank has completed the adoption of the most stringent international risk management standards in Vietnam. Moreover, HDBank's prudential indicators at June 30, 2023, are significantly ahead of the regulatory requirements of the State Bank of Vietnam. Specifically, the Loan-to-Deposit Ratio (LDR) of the bank was kept at 70.96%, below the prescribed limit of 85%. The Capital Adequacy Ratio (CAR) reached 12.3%, belonging to the top group in the market, and over 50% higher than the minimum requirement of 8%. The ratio of short-term funds used for medium and long-term loans was at 11.2%, only one-third of the current 34% ceiling ratio. "By maintaining high risk management standards under Basel III, as well as adhering to good operational safety ratios compared to the regulations of the State Bank of Vietnam, HDBank has the necessary capacity to continue pursuing growth values in the future and contribute to promoting strong economic recovery alongside its customers," Mr. Kim Byoungho – Chairman of the Board added. With a focus on sustainable development, building and spreading human values to the community alongside its business activities, in the first six months of 2023, HDBank actively implemented numerous community and social welfare activities through more than 20 programs nationwide. HDBank's outstanding efforts and achievements during the first six months of 2023 has been further decorated with prestigious international awards including awards from CitiBank and Wells Fargo for its Excellent International Payment Service, and the recognition for the Best Bank for Sustainable Finance in 2022 from The Asset. Hashtag: #HDBankThe issuer is solely responsible for the content of this announcement.

文章來源 : Media OutReach Limited 發表時間 : 瀏覽次數 : 1130 加入收藏 :
DL Holdings (1709. HK) to Acquire Remaining 55% Stake of DL Family Office at Valuation of No More Than HK$500 Million

HONG KONG, July 10, 2023 /PRNewswire/ -- DL Holdings Group Limited ("DL Holdings" or the "Company"; Stock Code: 1709.HK) has recently announced the signing of a Memorandum of Understanding (MOU) regarding to the potential acquisition of the remaining stake in its affiliated company, DL Family Office (HK) Limited ("DL Family Office"), following the acquisition of 45% stake of DL Family Office in January 2023. The Group will acquire the remaining 55% stake of DL Family Office at a valuation of no more than HK$500 million. After the acquisition, DL Family Office will become a wholly-owned subsidiary of the listed DL Holdings Group. Since the commencement of the acquisition in 2021, DL Holdings has acquired 45% of DL Family Office in a year and a half, then announced the complete acquisition half a year later. The swift acquisition progress demonstrates the rapid development and significant profits of family office business, which contribute to increased income and profits of the listed Company, the scale of asset under management (AUM), the number of customers and the extended service scope. As Hong Kong's first financial institution to establish a multi-family office providing family legacy planning services, DL Family Office is a licensed corporation under the SFO and is permitted to carry on Type 4 regulated activity (advising on securities) and Type 9 regulated activity (asset management). The two subsidiaries under DL Family Office, DL Emerald Wealth Management and DL Advisory, offer insurance, family structure advisory, taxation, education and healthcare and other family office services. The current AUM of DL Family Office have reached US$2.3 billion (approximately HK$18 billion). The net profit of DL Family Office was HK$20 million in 2022 and expected to exceed HK$40 million in 2023. The listed DL Holdings will acquire 55% of DL Family Office at a valuation of no more than HK$500 million, involving an expected investment of HK$275 million. As explained during the Annual General Meeting of DL Holdings, the Company recorded a revenue of HK$190 million and a gross profit of HK$102 million last year, with licensed financial services contributing a revenue of HK$126 million and a profit of approximately HK$38 million. The core business of DL Holdings generated a net profit, excluding financial costs and tax, of HK$20 million. The Company has achieved a record of distributing dividends in three consecutive years. The family office business has always been the core business of DL Holdings. After the merger of family office business, the listed Company is gradually transforming into an asset management and financial service platform with the family office as the core business. DL Holdings aims to create a four-in-one wealth management model consisting of "family office + investment bank + investment bank". Furthermore, DL Holdings has entered into a strategic partnership with Soochow Securities (Hong Kong). The two parties have launched all-round cooperation in the aspects of family office, wealth management, joint operation and equity, including docking domestic and overseas client resources, providing asset allocation strategies and investment products, and selling various financial products on behalf of each other, to jointly promote cross-border investment and wealth management between mainland China and Hong Kong, the Greater Bay Area, and even the Asia-Pacific region. The flagship strategic fund jointly managed by the two parties will be launched soon, and more asset management products will be introduced in the future. About DL Holdings Group Limited (Stock Code: 1709.HK) DL Holdings Group (1709.HK) is a Hong Kong-listed asset management and financial services platform with a core focus on investment banking business, covering securities trading, financial consulting, multi-strategy investment fund management, investment research, financial loans and other financial services. Its subsidiary, DL Securities, holds SFC licenses for Type 1 (securities trading), Type 4 (advising on securities) and Type 6 (advising on corporate financing) regulated activities. The Group's subsidiary, DL Capital, mainly provides asset management services, holding SFC licenses for Type 4 (advising on securities) and Type 9 (asset management) regulated activities. The Group's subsidiary, ONE Advisory, provides one-stop, bespoke and comprehensive global identity planning consulting services and solutions for high-net-worth individuals and families. The listed company also holds a Singapore RFMC fund license and a Cayman Islands SIBL fund license. The Group has established 18 limited partnership funds in Hong Kong, which mainly invest in private equity. The Group's subsidiary, Seazon Pacific, is committed to providing overall solutions for supply chain management.

文章來源 : PR Newswire 美通社 發表時間 : 瀏覽次數 : 1532 加入收藏 :
CIMC 2022 AGM: Container demand stabilizes and rebounds, Energy new orders surge

SHENZHEN, China, July 7, 2023 /PRNewswire/ -- CIMC Group (00039.SZ/2039.HK)'s 2022 annual general meeting, the first A-share class meeting in 2023 and the first H-share class meeting in 2023 were held in Shenzhen headquarters. Chairman and CEO Mai Boliang presided over the AGM, while other directors, supervisors, and senior executives of the Group participated and attended the meeting respectively. During the meeting, it was revealed that container demand is gradually recovering in the second quarter of 2023, with freight rates and volumes stabilizing. Notably, the North American market has witnessed high profitability in road transport vehicles, while the gross profit margin of the domestic lighthouse factory business has increased. Additionally, the energy sector has experienced a surge in new orders, particularly for clean energy equipment, with the offshore engineering business boasting a full order book and rapid capacity expansion. The management of CIMC Group engaged in face-to-face communication with shareholder representatives and media journalists, addressing various topics of market concern, including container business operations, energy industry layout, cross-ocean vehicle operations, and the development prospects of the cold chain business. Stabilizing and Rebounding Container DemandRevamping the Fresh Supply Chain Ecology through Cold Chain Restructuring  In the second quarter of the year, the shipping industry's market demand is gradually recovering as freight rates and volumes exhibit signs of stabilization. CIMC's container demand has stabilized and rebounded, with some orders already scheduled for production in the third quarter, marking a positive shift from the previous quarter. Addressing the global trade landscape changes, Chairman Mai Boliang said during the meeting, "As the basic unit of global logistics, containers are closely related to global trade activities and are not limited to any particular shipping route. Although the current global trade landscape is facing certain challenges, the proportion of global industrial output accounted for by long-term global trade remains high and still developing. Although the growth rate may not be significant, the prospects are still promising. We believe that changes in the trade landscape will not have a disruptive impact on container demand." Furthermore, regarding media's concerns about the relocation of container factories due to the global industrial chain transfer, Mai Boliang stated, "There is indeed a trend of the transfer of some light manufacturing industries to Southeast Asia, and even in the future to Africa and South America, for the joint global development. As a leading enterprise in the container industry, CIMC always keeps a close eye on this trend and is constantly conducting research. No matter how the situation changes, CIMC's global position in the container industry will not change." According to BIMCO, a highly influential international shipping organization, under the basic scenario, global container shipping volume is expected to increase by 0.5%-1.5% in 2023 and by 5.5%-6.5% in 2024. Volume and growth rate recovery are anticipated in the second half of 2023m, with the total volume of major outbound and regional routes projected to be approximately 7% higher by the end of 2024 compared to 2022. Despite the pressure the shipping market faces in the first half of 2023, CIMC Group has demonstrated a market share increase against the trend, highlighting its competitive advantages. Leveraging its strong foothold in the container manufacturing market, the Company actively explores new opportunities through its "container+" business, achieving growth in multiple areas. For example, CIMC is actively developing new products suitable for modern agriculture and new energy vehicle scenarios, such as planting containers, integrated refrigeration and insulation equipment boxes, new energy refrigerated containers, and V-RACK frame containers, among others. Benefiting from the growth of the electrochemical energy storage market, CIMC's container energy storage business continued to develop rapidly in 2022, reaching new revenue highs. By focusing on integrating energy storage systems, the business has transitioned from offering 20-foot and 40-foot containers to providing fully integrated energy storage solutions to downstream customers. Notably, records of batches of multiple deliveries have already been made to satisfied customers, showcasing the business' strong performance. CIMC Fishery has made significant strides in promoting the transformation and upgrading of traditional aquaculture industries through innovative "container+" scenarios. The modular construction business has made significant progress in both domestic and international markets, achieving significant milestones in several major projects. Mai Boliang emphasized the rapid growth and stability of CIMC Group's "container+" business. This sector has contributed significantly to the container industry, effectively mitigating the cyclical fluctuations associated with traditional containers. Mai Boliang also reiterated CIMC Group's active promotion of the fresh supply chain ecosystem reconstruction. China's fresh supply chain currently faces several challenges, including (1) lengthy intermediate circulation processes, where fresh products typically go through multiple layers of transportation and circulation before reaching consumers, and (2) a lack of accurate full-process cold chain transportation, resulting in a loss rate of nearly 30%, not including the degradation of product quality, which can turn a first-grade product into a fifth-grade product. "CIMC aims to address these two pain points by reducing the intermediate circulation process and ensuring accurate full-process cold chain transportation, eliminating fresh product loss rates and extending shelf life. This is where CIMC's advantages are at," added Mai Boliang, optimistic about the development prospects of CIMC's cold chain business. North American Vehicle Business Exceeded Expectations, Highlighting the Resilience of Its Cross-border Operations. CIMC's vehicle business has achieved impressive results driven by domestic recovery and overseas growth. In the first quarter of 2023, the business recorded a net profit that doubled year-on-year, while the gross profit margin increased significantly by 8.2 percentage points, setting a new historical record. Notably, the strong profitability of its North American operations played a crucial role, benefitting from favorable economic policies and the rapid growth of intermodal transportation in the region. According to market research company, ACT Research, in the first quarter of 2023, the North American market's semi-trailer production volume has reached 101,500 units, a year-on-year increase of 14.04%, maintaining its leading position in the industry. Entering the second quarter of this year, the North American market continues to demonstrate high demand trends, with ongoing order deliveries. In 2023, as the impact of the pandemic gradually diminishes in North America and consumer demand grows, the freight volume of the overall vehicle transportation market is expected to rise, sustaining the robust demand for semi-trailer equipment. Besides the favorable conditions in the North American market, strong demand is also emerging from other markets. Developing countries represent the most pressing demand for global development, offering ample opportunities for high-growth industries. CIMC's vehicle business is actively seeking market prospects in Southeast Asia, Africa, and the Middle East, facilitating the establishment of LoM manufacturing plants and constructing a sustainable and competitive overseas emerging market operation system. In the first quarter of this year, the Vanguard business seized overseas market opportunities, vigorously developed emerging markets, and achieved remarkable revenue growth of a notable 5 percentage points increase in gross profit margin. In the domestic market, the continuous recovery of infrastructure investment, steady progress in imports and exports, favorable government policies, and smoothness of the road transportation network have set the stage for a moderate recovery in China's heavy truck market this year. Industry forecast reports predict China's heavy truck sales in 2023 will reach approximately 800,000 units, marking a year-on-year increase of about 20%. Industry insiders have analyzed that this year, the recovery of China's commercial vehicle market is highly probable, and both North America and Europe are expected to witness growth. Furthermore, exploring emerging markets, such as Southeast Asia, will contribute to CIMC's positive vehicle sales growth. Surging new orders for energy equipment, and the order book is full. In the energy sector, CIMC Group focuses on major areas such as energy, chemicals, liquid food equipment, and offshore engineering while continuously increasing its investment in new energy. The Company has made comprehensive layouts in key equipment areas, such as hydrogen, offshore photovoltaic power, offshore wind power, and energy storage. As the Chinese economy steadily recovers and international natural gas prices decline, domestic natural gas consumption is gradually improving. According to data from the National Development and Reform Commission, China's apparent natural gas consumption from January to April this year reached 129.26 billion cubic meters, reflecting a year-on-year increase of 4.1%. Furthermore, the National Bureau of Statistics reported that China's natural gas imports from January to May amounted to 46.291 million tons, representing a year-on-year increase of 3.3%. The sales of LNG heavy trucks have also increased significantly, with 10,804 natural gas heavy trucks sold domestically in May, showcasing a staggering year-on-year increase of 547.3% and a month-on-month increase of 35%. Cumulative sales from January to May reached 35,000 units, reflecting a year-on-year increase of 255.8%. The recovery of demand in the natural gas industry has propelled the clean energy equipment business to new heights. CIMC Enric, as a leading player in the domestic clean energy industry, has experienced substantial growth in revenue and orders since 2023. Strong demand has been observed for low-temperature and high-pressure equipment sales, and the overseas markets continue to demonstrate robust demand for onshore clean energy equipment and engineering. CIMC Group President Gao Xiang has mentioned that CIMC Enric has strategically positioned its business around the "manufacture, storage, transportation, and usage" of clean energy equipment, enabling a comprehensive industry chain layout. The Company focuses on researching high-pressure equipment for hydrogen storage and transportation. With the government currently promoting the use of Type IV hydrogen storage tanks, CIMC Enric has partnered with Hexagon to develop these tanks, which are expected to be launched this year, further enhancing CIMC's core competitiveness. Last year, CIMC's hydrogen energy business achieved sales of 440 million RMB, and high-speed growth is expected to continue this year. In addition, the shipbuilding industry is experiencing a long-term high boom cycle due to ship replacement cycles and stricter environmental requirements. CIMC Enric's water-based clean energy business has recently and consecutively secured multiple orders, including LNG fuel tanks worth over 1 billion RMB, 2+2 1450 TEU LNG dual-fuel container ships worth over 1 billion RMB, 2+2 LPG/ammonia transport ships worth nearly 900 million RMB, and 4 clean energy river-sea intermodal bulk cargo ships worth over 250 million RMB, benefiting from the strong industry demand. Meanwhile, CIMC's offshore engineering business is developing substantially, propelled by the increasing demand for traditional oil and gas FPSO equipment and the dual drive of new energy-related industries. In the first quarter of 2023, the business achieved remarkable year-on-year increases in newly signed orders and cumulative order backlog. Newly signed orders reached $1.1 billion, showcasing a year-on-year increase of 119%, while the order backlog reached $4.76 billion, a year-on-year increase of 116%. Concurrently, the offshore asset management platform business secured a new contract for a self-elevating drilling unit at the end of March, leading to a 53% year-on-year increase in the order backlog, amounting to 349 months. Addressing concerns about the impact of recent crude oil price fluctuations on CIMC's offshore engineering business, Mai Boliang responded that "minor oil price fluctuations are considered normal. Furthermore, in recent years, CIMC's offshore engineering business has proactively capitalized on the historical opportunities presented by the rapid development of new energy and special-purpose ships. Investment in new production capacity and timely product delivery in emerging areas has been pivotal. Approximately 50% of the order backlog value of CIMC's offshore engineering business originates from non-oil and gas projects. The recovery trend is relatively certain when considering the offshore engineering industry as a whole. Based on the construction nodes of the order backlog, we expect the offshore engineering industry to experience a substantial period of robust recovery over the next 3-5 years." Moreover, CIMC Group has actively entered overseas markets in the energy storage sector and established a strategic joint venture with POWIN Energy, a leading international energy storage integrator and manufacturer. The two entities are actively expanding the global market for fully integrated energy storage equipment through technological research and development and product innovation. Shenzhen has proactively embraced energy storage as a "windfall" area, with the city's policy support and planning in the field of energy storage at the forefront. In June 2022, Shenzhen issued the "Action Plan for Cultivating and Developing New Energy Industry Clusters in Shenzhen (2022-2025)", which identifies the development of new energy storage as a critical project, emphasizing the need to strengthen the electrochemical energy storage system. Based on unwavering policy support and certain industry trends, CIMC's energy storage business is poised to maintain sustained growth momentum.

文章來源 : PR Newswire 美通社 發表時間 : 瀏覽次數 : 3022 加入收藏 :
China Yuchai Announces Board Change

SINGAPORE, July 7, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") today announced that Mr. Ho Raymond Chi-Keung will not seek re-election at the forthcoming Annual General Meeting of the Company to be held on August 7, 2023 (the "Meeting") due to personal reasons. In accordance with Bye-law 4(2) of the Bye-laws of the Company, Mr. Ho will retire as a Director of the Company, upon the conclusion of the Meeting. Following his retirement, Mr. Ho will step down as a member of the Audit Committee and the Remuneration Committee of the Company. Mr. Ho had served on the Board of Directors of the Company from 2004 to 2006, and was re-appointed in 2013. He confirmed that there were no disputes or conflicts with the Board or the Company regarding any aspect of the Company's accounting, operations, policies, or practices. The Board of Directors of the Company would like to record its appreciation to Mr. Ho for his dedicated service and valuable contributions to the Company during his tenure. With Mr. Ho's retirement, the Board will comprise nine members of which three are independent directors with effect from August 7, 2023. About China Yuchai International China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. GYMCL also produces diesel power generators. The engines produced by GYMCL range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, GYMCL distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2022, GYMCL sold 321,256 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com. Safe Harbor Statement: This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "project", "targets", "optimistic", "confident that", "continue to", "predict", "intend", "aim", "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning China Yuchai's and the joint venture's operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. China Yuchai cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in China Yuchai's Form 20-Fs under the headings "Risk Factors", "Results of Operations" and "Business Overview" and other reports filed with the Securities and Exchange Commission from time to time. Among others, if the COVID-19 pandemic is not effectively and timely controlled, our business operations and financial condition may be materially and adversely affected due to a deteriorating market for automotive sales, an economic slowdown in China and abroad, a potential weakening of the financial condition of our customers, or other factors that we cannot foresee. All forward-looking statements are applicable only as of the date it is made and China Yuchai specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future. For more information: Investor RelationsKevin TheissTel: +1-212-521-4050Email: cyd@bluefocus.com

文章來源 : PR Newswire 美通社 發表時間 : 瀏覽次數 : 472 加入收藏 :
2025 年 2 月 19 日 (星期三) 農曆正月廿二日
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