本網站使用瀏覽器紀錄 (Cookies) 來提供您最好的使用體驗，我們使用的 Cookie 也包括了第三方 Cookie。相關資訊請訪問我們的隱私權與 Cookie 政策。如果您選擇繼續瀏覽或關閉這個提示，便表示您已接受我們的網站使用條款。 關閉
SINGAPORE, May 11, 2023 /PRNewswire/ -- UOB's acquisition of Citigroup's consumer banking businesses in four key ASEAN markets has significantly boosted its retail banking business, and paved the way for its enlarged base of customers in the region to enjoy even more perks and privileges suited to their unique lifestyles and needs via partnerships with renowned domestic and global brands. The completion of UOB's acquisition of Citigroup's consumer banking businesses in Malaysia, Thailand and Vietnam has already brought its regional retail customer count to over seven million as of 31 March 2023, with the latest completion of the Vietnam acquisition enabling the Bank to serve about 200,000 customers in the country. With the completion of the acquisition in Indonesia by end 2023, these four markets are expected to provide a S$1 billion boost to the Bank's revenue on a full-year basis. The acquisition has also built stronger resilience in the business model with both geographical and revenue mix diversification. With Citigroup's portfolio more geared towards cards business and unsecured lending, net credit card fees for the Bank almost doubled year-on-year in the first quarter of 2023, with Citigroup's portfolio contributing a quarter of this, and total income from the Bank's unsecured business is expected to almost double by end 2023. Separately, loans and deposits also grew almost 10 per cent and 15 per cent in the first quarter of 2023 compared with a year before. For the first quarter of 2023, ASEAN-4 (i.e. Malaysia, Thailand, Indonesia and Vietnam) accounted for more than 35 per cent of the Bank's Group Personal Financial Services income. UOB's network of branches in Malaysia, Thailand and Vietnam has also expanded by 15 as of March 2023. "Our transformative decision to acquire Citigroup's consumer businesses in four ASEAN markets during the pandemic has proven to be very timely, positioning us well as consumer spending returns with a vengeance following the reopening of economies worldwide post-COVID. As consumers look for the best in dining, travel and retail at home and abroad, our unparalleled regional network, further boosted by this transformational deal, enables UOB to serve their unique lifestyle needs and preferences across ASEAN. Coupled with our partnerships with renowned brands domestically, regionally as well as globally, we offer the best deals, privileges and perks to customers for all that they love," said Ms Jacquelyn Tan, Head of Group Personal Financial Services, UOB. Scaling regional franchise while reinforcing strength on home front Following the acquisition, UOB is scaling its reach in ASEAN to reinforce the Bank's top position in the consumer card space for Visa and consumer credit cards for Mastercard portfolios in terms of billings. The number of UOB cards[1] in the region surged more than 60 per cent year-on-year as of 31 December 2022. Total regionwide credit card billings also grew more than 90 per cent in the fourth quarter of 2022 as compared to a year ago, with the figure close to double pre-COVID levels in 2019. In the first quarter of 2023, total cross-border billings for UOB credit cards in ASEAN grew almost three times compared to same period last year. On the home front, UOB's dominance in the credit card space is undisputed. About 1.3 million UOB credit cards are in use today, translating to one in two cardholders in Singapore holding a card from the Bank. On top of this, the Bank also runs Singapore's largest deals, cashback and rewards programme, UOB Rewards+, with more than 50,000 deals, cashback and rewards at more than 60,000 merchant locations and served through the UOB TMRW app. These figures augur well for the Bank, and are in line with bullish forecasts for ASEAN and the Asia-Pacific region compared to the rest of the world. International Monetary Fund (IMF) projections[2] placed overall Gross Domestic Product (GDP) growth for the Asia-Pacific at 4.6 per cent this year, up 0.6 per cent from last year and way above forecasts of 2.8 per cent global growth for 2023. The IMF also expected the region to power more than 70 per cent of global economic expansion this year. Closer to home, the Asian Development Bank[3] predicted Southeast Asia's GDP growth to keep pace at 4.7 per cent this year even in the face of global headwinds. Consumer spending is also set to soar in ASEAN, fuelled by a boom in the middle-class population. The World Economic Forum[4] (WEF) forecasts that 70 per cent of ASEAN's population will be middle-class by 2030, spurring total consumption to more than double to nearly US$4 trillion. By the end of this decade, the WEF predicts that millennials[5] and generation Z[6] will account for 75 per cent of ASEAN consumers. In line with WEF forecasts, billings growth among UOB credit and debit cardholders in Singapore was highest among the 18 to 23 year-old at almost 40 per cent during the first quarter of 2023 compared to a year ago. Cardholders aged 18 to 39 were also redeeming more rewards associated with card spending, with total redemptions seeing a growth of over 30 per cent in the same period, higher than the near-25 per cent growth in the first quarter of 2022 year-on-year. With the rise of ASEAN and the Citigroup acquisition which bolstered UOB's strength in the region, the Bank is best-positioned to capture cross-border payments and wealth flows with its expansive regional presence. From secured loans and deposits, to wealth management and cards offerings, UOB's strengthened franchise will bring to its customers an unrivalled regional perspective and reach, accessible via a regionwide network of branches as well as on digital devices, and personalised to their unique lifestyles and needs. Partnering renowned regional and global brands to serve ASEAN customers Referencing cardholders' spending patterns over the past year, UOB has identified three key spend categories to further boost its offerings. The three categories, namely travel, dining and retail, constituted the podium segments in terms of credit card spend growth last year. Travel spend more than doubled that of 2021, with dining and retail growing 45 per cent and almost 30 per cent respectively. UOB has garnered over 40 strategic partnerships with established brands across the region to offer even more exclusive and customised rewards and privileges to both existing and new customers of the Bank. These partnerships, which include eight co-branded credit cards with key consumer brands across ASEAN, are in addition to more than 1,000 in-country deals, with all specially curated to the discerning preferences of the Bank's customers and bringing together like-minded partners whose focus was on building a strong regional presence. UOB offers a unique regional proposition, where rewards and privileges are available to all UOB cardholders across ASEAN. A customer holding a Singapore-issued UOB card will enjoy the same privileges when spending at a partner merchant in Thailand, just like a UOB Thailand cardholder, while still qualifying for card perks associated with overseas spend if applicable. New partnership highlights include a world-first partnership with foremost wine rating authority Robert Parker, where UOB cardholders in Singapore, Indonesia, Malaysia, Thailand and Vietnam can look forward to exclusive wine pairing dinners served by MICHELIN-starred chefs as well as curated wine masterclasses for different levels of connoisseurs. This is Robert Parker's first-ever partnership with a financial institution, with its regional reach a pioneering approach for the company as well. This partnership furthers the Bank's customer propositions in the dining space, a perfect complement to UOB's earlier announced partnership with The MICHELIN Guide in Thailand and Malaysia. Following the announcement of its strategic partnership with local luxury purveyor Club 21 last year, UOB will be collaborating with Britain's foremost designer Paul Smith in the latter's first ever collaboration with a financial institution to elevate its offering in the lifestyle arena. Paul Smith's signature designs will be reflected on merchandise exclusive to UOB cardholders in spend-and-get campaigns, with over 5,000 limited-edition Paul Smith accessories including Apple AirPods cases[7] and backpacks to be given to UOB cardholders in Singapore, Indonesia, Malaysia, Thailand and Vietnam who spend a minimum amount on their cards within this year, while stocks last. In a strategic collaboration with MINI in the ASEAN region, UOB is partnering the tradition-steeped British premium car manufacturer to host a region-wide lucky draw this year. Paul Smith is a long-time collaborator with the car brand, beginning from 1999 with the iconic MINI Paul Smith edition, and one UOB cardholder in Singapore, Indonesia, Malaysia, Thailand and Vietnam will win a limited edition MINI car model exclusively designed by Paul Smith. Offering deals and rewards for every lifestyle and life stage, UOB aims to do right by customers whenever and wherever they are. As the Bank with the largest ASEAN consumer banking footprint and the top cards issuer in the region, UOB is proud to bring together established global brands to offer its customers the very best in dining, travel and retail. As part of this integrated push by the UOB cards business, the Bank will be launching a brand new film accentuating the regional presence and global strength of its cards. The couple in the film represent the aspirations of UOB's ASEAN customers, and embody their love for travel, feasting, retail and experiences. The film will air on free-to-air television channels in Singapore, Malaysia, Thailand and Vietnam, as well as on Singapore Airlines' KrisWorld inflight entertainment system from 11 May 2023. About UOB UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world's top banks: Aa1 by Moody's Investors Service and AA- by both S&P Global Ratings and Fitch Ratings. For nearly nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN. The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer's unique needs and evolving preferences. UOB is also committed to help businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders. [1] Inclusive of Mastercard and Visa cards[2] April 2023 Asia and Pacific Department Press Briefing (IMF)[3] ADB Forecasts 4.8% Growth for Asia and Pacific in 2023 and 2024 (ADB)[4] Future of Consumption in Fast-Growth Consumer Markets: ASEAN (WEF)[5] Those born between 1981 to 1995[6] Those born between 1996 to 2012[7] Apple Airpods to be given together with the cases
PLANO, Texas, May 10, 2023 /PRNewswire/ -- Dogness (International) Corporation ("Dogness" or the "Company") (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM/ODM and private label pet products, is putting the focus on pet safety with a donation to Operation Kindness, a no-kill shelter, during the annual Rock Stars Adoption Event on May 13th at the shelter's Carrollton, Texas location. This marks the Company's latest initiative to help improve the quality of life of pets by sharing innovations it has developed in health, exercise and safety. This is the first time Dogness has partnered with Operation Kindness. The initial donation will consist of high-quality Dogness pet products, including collars, leashes and high-strength car safety restraints for dogs. Dogs are curious by nature and excited by new adventures. Just like pet owners, they react differently to new experiences and surroundings with many becoming anxious and agitated. This can create unsafe distractions and thereby put owners and pets in harm's way. The high-quality Dogness pet products are purpose built for safety. For instance, the easy-to-use Dogness high-strength safety restraint helps pet owners provide a safer travel experience to their beloved pets and reduces distractions while driving, improves stability, protects against falling out a window and limits excessive movements in a vehicle during travel. The one-size fits all Dogness Seat Belt Restraint easily attaches to most standard seat-belts, and then clips onto the dog's collar or harness. Silong Chen, Chairman and Chief Executive Officer of Dogness, commented, "We admire the work of Operation Kindness and are very impressed with what it has accomplished, as a No-Kill Animal Shelter. In discussing ways to support their efforts, safety kept coming up as an overlooked but critical issue. We all love dogs and enjoy their company even on road trips and out for a walk. But we can make these a safer experience for pets and owners, while still giving dogs freedom in a controlled space. Our goal is to make this the first step in a long-term relationship with Operation Kindness, as we work to support their important programs and the pets they help." Dogness has built an integrated sales platform across all channels, with major customers including Petco, PetSmart, Costco Wholesale Corporation, Xiuhu, Sam's Club, Walmart, Target, QVC®, Pet Value, Pets at Home, PETZL, Petmate, Trendspark, Anyi Trading, IKEA, SimplyShe, and online shopping platforms, such as Amazon, Chewy.com, Boqii Holding Limited, Target.com, HomeDepot.com, Lowes.com, Wayfair.com, JD, Tmall and Taobao, as well as live streaming sales platforms hosted by influencers. About Dogness Dogness (International) Corporation was founded in 2003 from the belief that dogs and cats are important, well-loved family members. Through its smart products, hygiene products, health and wellness products, and leash products, Dogness' technology simplifies pet lifestyles and enhances the relationship between pets and pet caregivers. The Company ensures industry-leading quality through its fully integrated vertical supply chain and world-class research and development capabilities, which has resulted in over 200 patents and patents pending. Dogness products reach families worldwide through global chain stores and distributors. For more information, please visit: ir.dogness.com. Forward Looking Statements No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customers' businesses and end purchasers' disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China and the U.S., our ability to attract and retain highly skilled professionals, client concentration, industry segment concentration, reduced demand for technology in our key focus areas, our ability to successfully complete and integrate potential acquisitions, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Dogness may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
DALIAN, China, May 10, 2023 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company") a leading lithium-ion battery manufacturer and electric energy solution provider in China, today reported its unaudited financial results for the first quarter 2023 ended March 31, 2023. First Quarter of 2023 Financial Highlights Net revenues from sales of batteries were $29.60 million, up by 97.1% from $15.02 million in the same period of 2022. Net revenues from batteries used in light electric vehicles were $1.97 million, up by 2,117.2% from $0.09 million in the same period of 2022. Net revenues from batteries used in electric vehicles were $1.82 million, increased by 5889.8 times from $309 in the same period of 2022. Net revenues from uninterruptible supplies were $25.82 million, up by 72.9% from $14.93 million in the same period of 2022. Gross margin for battery business was 10.85%, improved by 4.31% from 6.54% in the same period of 2022. Yunfei Li, Chairman and Chief Executive Officer of the Company, commented: "Our raw materials manufacturing unit, Hitrans, experienced a decline in sales due to the rapid decrease in raw material prices. However, our battery business continued to grow, achieving a 97.1% increase in sales. The benefit of the lower raw material price is expected to positively impact our battery business later this year on both revenues and gross profits. On client development, we are pleased to have established a collaboration with PowerOak and its portable power supply brand, BlueTTI, which is one of the top three players in the portable power supply market. We are confident that as the impact of the decreasing raw material price on Hitrans weakens, our overall sales and client orders will quickly resume momentum." Xiangyu Pei, our Interim Chief Financial Officer, highlighted the following points: "The industry as a whole is currently waiting for the raw material price to stabilize before committing to new orders. However, despite this cautious sentiment, we achieved a significant increase in our battery business. The gross margin for our battery business reached 10.85%, improved by 4.31 percentage points year on year. Furthermore, we were able to reduce our sales and marketing expenses by 13.1%. As we look to the future, we anticipate that the industry will recover later this year, and the relatively lower price of raw materials will be helpful to enhance our profitability." First Quarter of 2023 Business Highlights & Recent Developments In April, CBAK Energy announced that it had secured battery orders worth approximately RMB18.60 million (equivalent to $2.71 million) from PowerOak, the parent company of BlueTTI, a globally recognized brand in the portable power supply market. As of April 18, 2023, CBAK Energy had received orders worth approximately RMB36.85 million (equivalent to $5.36 million) from PowerOak for batteries to be used in their portable power supply units, including their sub-brand, BlueTTI. We anticipate that the order amount will continue to grow. First Quarter of 2023 Financial Results Net revenues were $42.40 million, representing a decline of 47.1% compared to the same period in 2022. This decline was primarily attributable to a decrease in sales at Hitrans, our indirect majority-owned subsidiary engaged in the production and sale of battery raw materials, which was primarily caused by the falling prices of raw materials. Among these revenues, detailed revenues from our battery business are: Battery Business 2022 First Quarter 2023First Quarter % ChangeYoY Net Revenues ($) 15,020,686 29,603,383 97.1 Gross Profits ($) 982,924 3,213,358 1787.0 Gross Margin 6.54 % 10.85 % - Net Revenues from Battery Business on Applications ($) Electric Vehicles 309 1,820,248 588,977 Light Electric Vehicles 88,764 1,968,057 2,117.2 Uninterruptable supplies 14,931,613 25,815,078 72.9 Total 15,020,686 29,603,383 97.1 Cost of revenues was $39.49 million, a decrease of 47.3% from $74.88 million in the same period of 2022. This decrease was primarily due to the decline in net revenues. Gross profit was $2.91 million, representing a decrease of 45.3% from $5.32 million in the same period of 2022. However, our gross margin improved by 0.22%, increasing from 6.63% to 6.85%. Total operating expenses were $5.79 million, which represented a slight decrease of 13.0% from $6.65 million in the same period of 2022. Research and development expenses were $2.46 million, a decrease of 25.9% from $3.31 million in the same period of 2022. Sales and marketing expenses were $0.72 million, decreased by 13.1% from $0.83 million in the same period of 2022. General and administrative expenses were $2.48 million, an increase of 10.8% from $2.24 million in the same period of 2022. Provision for doubtful accounts was $0.13 million, compared to $0.27 million in the same period of 2022. Operating loss amounted to $2.88 million, representing a significant increase of 115.8% compared to the same period in 2022, where we recorded an operating loss of $1.34 million. Finance income, net amounted to $5,311, slightly increased from $5,014 recorded in the same period of 2022. Change in fair value of warrants was $85,000, compared to $1.63 million in the same period of 2022. The change in fair value of the warrants liability is mainly due to share price movement. Net loss attributable to shareholders of CBAK Energy was $1.38 million, which was in contrast to net income attributable to shareholders of CBAK Energy of $0.44 million recorded in the same period of 2022. Net loss attributable to shareholders of CBAK Energy (after deducting change in fair value of warrants) was $1.47 million, compared to a net loss attributable to shareholders of CBAK Energy of $1.19 million in the same period of 2022. Basic and diluted loss per share were both $0.02, while in the same period of 2022, basic and diluted income per share were both $0.01. Conference Call CBAK's management will host an earnings conference call at 10:00 AM U.S. Eastern Time on Wednesday, May 10, 2023 (10:00 PM Beijing/Hong Kong Time on May 10, 2023). For participants who wish to join our call online, please visit: https://edge.media-server.com/mmc/p/akiisaic Participants who plan to ask questions at the call will need to register at least 15 minutes prior to the scheduled call start time using the link provided below. Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin and an email with detailed instructions. Participant Online Registration: https://register.vevent.com/register/BI682ec97e06c84fd0806340e6165b9c0b Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call. A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website: https://edge.media-server.com/mmc/p/akiisaic The earnings release and the link for the replay are available at ir.cbak.com.cn. About CBAK Energy CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company's products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian. For more information, please visit www.cbak.com.cn. Safe Harbor Statement This press release contains "forward-looking statements" that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management's current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, that the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations and/or the value of our securities or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless, the effects of the global Covid-19 pandemic or other health epidemics, changes in domestic and foreign laws, regulations and taxes, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain markets for the Company's products and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company's disclosure documents filed with the U.S. Securities and Exchange Commission (the "SEC") available on the SEC's website at www.sec.gov, including the Company's most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law. For investor and media inquiries, please contact: CBAK Energy Technology, Inc.Investor Relations DepartmentMr. Thierry Jiewei LiPhone: 86-18675423231Email: ir@cbak.com.cn CBAK Energy Technology, Inc. and Subsidiaries Condensed consolidated Balance Sheets As of December 31, 2022 and March 31, 2023 (Unaudited) (In US$ except for number of shares) December 31,2022 March 31,2023 (Unaudited) Assets Current assets Cash and cash equivalents $ 6,519,212 $ 7,535,193 Pledged deposits 30,836,864 35,601,854 Trade and bills receivable, net 27,413,575 28,109,643 Inventories 49,446,291 50,777,816 Prepayments and other receivables 5,915,080 6,121,156 Receivables from a former subsidiary, net 5,518,052 1,818,269 Income tax recoverable 57,934 58,273 Total current assets 125,707,008 130,022,204 Property, plant and equipment, net 90,004,527 88,433,232 Construction in progress 9,954,202 15,174,189 Long-term investments, net 945,237 950,770 Prepaid land use rights 12,361,163 12,350,586 Intangible assets, net 1,309,058 1,195,435 Operating lease right-of-use assets, net 1,264,560 1,140,996 Deferred tax assets, net 2,486,979 2,902,856 Total assets $ 244,032,734 $ 252,170,268 Liabilities Current liabilities Trade and bills payable $ 67,491,435 $ 77,765,458 Short-term bank borrowings 14,907,875 18,634,717 Other short-term loans 689,096 602,337 Accrued expenses and other payables 25,605,661 22,372,971 Payables to a former subsidiary, net 358,067 355,913 Deferred government grants, current 1,299,715 847,584 Product warranty provisions 26,215 24,663 Warrants liability 136,000 51,000 Operating lease liability, current 575,496 479,875 Finance lease liability, current 844,297 485,279 Total current liabilities 111,933,857 121,619,797 Deferred government grants, non-current 5,577,020 5,513,425 Product warranty provisions 450,613 471,016 Operating lease liability, non-current 607,222 546,461 Accrued expenses and other payables, non-current 1,085,525 1,091,878 Total liabilities 119,654,237 129,242,577 Commitments and contingencies Shareholders' equity Common stock $0.001 par value; 500,000,000 authorized; 89,135,064 issued and 88,990,858 outstanding as of December 31, 2022; 89,151,731 issued and 89,007,525 outstanding as of March 31, 2023 89,135 89,151 Donated shares 14,101,689 14,101,689 Additional paid-in capital 246,240,998 246,245,879 Statutory reserves 1,230,511 1,230,511 Accumulated deficit (131,946,705) (133,327,060) Accumulated other comprehensive loss (8,153,644) (7,498,971) 121,561,984 120,841,199 Less: Treasury shares (4,066,610) (4,066,610) Total shareholders' equity 117,495,374 116,774,589 Non-controlling interests 6,883,123 6,153,102 Total equity 124,378,497 122,927,691 Total liabilities and shareholder's equity $ 244,032,734 $ 252,170,268 CBAK Energy Technology, Inc. and Subsidiaries Condensed consolidated Statements of Operations and Comprehensive Income (Loss) For the three months ended March 31, 2022 and 2023 (Unaudited) (In US$ except for number of shares) Three months endedMarch 31, 2022 2023 Net revenues $ 80,196,298 $ 42,396,701 Cost of revenues (74,879,944) (39,490,957) Gross profit 5,316,354 2,905,744 Operating expenses: Research and development expenses (3,313,124) (2,455,328) Sales and marketing expenses (829,674) (721,004) General and administrative expenses (2,237,374) (2,479,135) Provision for doubtful accounts (271,443) (131,167) Total operating expenses (6,651,615) (5,786,634) Operating loss (1,335,261) (2,880,890) Finance income, net 5,014 5,311 Other income, net 285,204 183,213 Changes in fair value of warrants liability 1,632,000 85,000 Income (loss) before income tax 586,957 (2,607,366) Income tax credit 93,546 402,884 Net income (loss) 680,503 (2,204,482) Less: Net (income) loss attributable to non-controlling interests (236,050) 824,127 Net income (loss) attributable to shareholders of CBAK Energy Technology, Inc. $ 444,453 $ (1,380,355) Net income (loss) 680,503 (2,204,482) Other comprehensive income – Foreign currency translation adjustment 432,193 748,779 Comprehensive income (loss) 1,112,696 (1,455,703) Less: Comprehensive (income) loss attributable to non-controlling interests (277,059) 730,021 Comprehensive income (loss) attributable to CBAK Energy Technology, Inc. $ 835,637 $ (725,682) Income (loss) per share – Basic $ 0.01 $ (0.02) – Diluted $ 0.01 $ (0.02) Weighted average number of shares of common stock: – Basic 88,713,841 89,013,359 – Diluted 88,734,957 89,013,359
SINGAPORE, May 10, 2023 /PRNewswire/ -- Pioneer Corporation Ltd, a leader in aftermarket mobile electronics, adds to its extensive line-up of in-dash audio/video receivers, often described as display audio products: the DMH-AF555BT, featuring an advanced 9-inch large screen display and smartphone compatibility via Bluetooth® and WebLink®. Product page: https://sg.pioneercarentertainment.com/product/a_series/DMH-AF555BT Pioneer New 9 Inch Multimedia AV Receiver - DMH-AF555BT Main Features 1) Wireless and wired smartphone connectivity The DMH-AF555BT features connectivity specifically designed to support a connection between the driver's or passenger's smartphone and the receiver. Bluetooth Wireless Connectivity – Built-in Bluetooth wireless connectivity provides convenient hands-free calling and music streaming with compatible Bluetooth enabled devices. Users can pre-register up to 1 smartphone, enabling hands-free calling and/or music to be streamed from any previously paired phone, eliminating the need to pair and unpair devices. WebLink – WebLink enables a compatible smartphone with the WebLink Host app installed1 to display and control compatible third-party applications from the in-dash receiver touchscreen2. WebLink compatible apps provide services such as turn-by-turn navigation (i.e. Waze®), point of interest information and reviews, restaurant reservations, music entertainment, and more3. WebLink enables the DMH-AF555BT to deliver a modern infotainment system. Pioneer DMH-AF555BT - WebLink Infortainment System Click here for details of "WebLink" https://helloweblink.com/ 2) 9-inch large floating type to suit most vehicles DMH-AF555BT - WSVGA Display The DMH-AF555BT combines a universal 2-DIN size chassis with a large 9-inch display installed as a floating type. This secures the display just in front and ahead of the radio location, giving the appearance that the display is "floating" in front of the dash.4 The mounting design offers horizontal, vertical and tilt adjustability to ensure the best fit and usability in the vehicle's dash. 3) Enhanced audio capabilities The DMH-AF555BT features audio enhancements including the 13-band graphic equalizer, which allows finetuning of output across the audible frequency spectrum, and Pioneer's MOSFET50 amplifier section, which delivers up to 50 Watts x 4 channels of clean, powerful amplification. DMH-AF555BT Sound Tuning Features - 13 Band Equalizer 4) Other connectivity characteristics The DMH-AF555BT also features the following input/output capabilities: Rear USB 2.0 port for smartphone connectivity (1.5A maximum current capability), audio playback of MSC/MTP devices, and software updates Rear AV input Rear camera input with compatible with many original equipment (OE) rear-view cameras (aftermarket adaptor required, sold separately) and most aftermarket universal rear-view cameras, including Pioneer's rear-view camera (sold separately)5 Rear seat entertainment monitor video output terminal (RCA)6 RCA preamplifier outputs (front/rear/subwoofer) Pioneer DMH-AF555BT Rear Camera Support Availability DMH-AF555BT will be available at Pioneer's Authorized Dealers from April 2023. As actual product availability varies by country, please contact your local Pioneer office for more information. 1 The compatible smartphone must be connected to the DMH-AF555BT via USB and Bluetooth simultaneously to enable full WebLink functionality. 2 Certain apps may restrict some functions, such as video and music playback. 3 Smartphone apps available within WebLink are provided by third parties and are subject to change or discontinuation without notice. 4 Ensure that the monitor does not obstruct the driver's clear view of the road, impair the performance of any of the vehicle's operating system or safety features including airbags, indicators (lights) and hazard lamp buttons, or impair the driver's ability to safely operate the vehicle. 5 Rear visibility systems (backup cameras) are required under federal regulations in certain new vehicles according to a phase-in schedule that began on May 1, 2016. Owners of vehicles equipped with compliant rear visibility systems should not install or use this product in a way that alters or disables that system's compliance with applicable regulations. If you are unsure whether your vehicle has a rear visibility system subject to these regulations, please contact the vehicle manufacturer or dealer. 6 Not all sources can be output to the rear video output. Pioneer and the Pioneer logo are registered trademarks of Pioneer Corporation. The Bluetooth® word mark and logos are registered trademarks owned by Bluetooth SIG, Inc. and any use of such marks by PIONEER CORPORATION is under license. Other trademarks and trade names are those of their respective owners. iPod is a trademark of Apple Inc., registered in the U.S. and other countries. WebLink® is a registered trademarks of Abalta Technologies, Inc. WebLink® Cast is a trademark of Abalta Technologies, Inc. Yelp, Yelp logo and related marks are registered trademarks for Yelp. Waze® is a registered trademark of Google LLC. All other brand, product names, or logos may be trademarks or registered trademarks of their respective holders. Main Specifications USB USB Standard USB1.1、USB2.0 Full Speed、USB2.0 High Speed Maximum supply current 1.5 A USB Class MSC（Mass Storage Class） File System FAT16、FAT32、NTFS MP3 Decoding Format MPEG-1 & MPEG-2 & MPEG-2.5 AUDIO LAYER-3 WMA Decoding Format Ver 7, 8, 9, 9.1, 9.2 (2ch audio) AAC Decoding Format MPEG-4 AAC (Only those encoded with iTunes Ver.12.5 or earlier) WAV Signal Format Linear-PCM FLAC Decoding Format Ver1.3.0 (Free Lossless Audio Codec) JPEG Decoding Format MSC mode only, MAX：7,680 (H) × 8,192 (W)、 MIN：32 (H) × 32 (W) （jpeg、jpg、jpe） PNG Decoding Format MSC mode only, MAX：576 (H) × 720 (W)、 MIN：32 (H) × 32 (W) BMP Decoding Format MSC mode only, MAX：936 (H) × 1,920 (W)、 MIN：32 (H) × 32 (W) H.264 Decoding Format Base Line Profile、Main Profile、High Profile H.263 Decoding Format Base Line Profile 0/3 VC-1 Video Decoding Format Simple Profile、Main Profile、Advanced Profile MPEG4 Decoding Format Simple Profile、Advanced Simple Profile MPEG2 Decoding Format Main Profile Amplifier and common parts Monitor screen 9-inch large-screen WSVGA AV Input Rear: φ3.5 mini ×1 system USB input Rear:×1 system Back camera input 1 system Audio Output (RCA) 1 system × front, 1 system × rear, 1 system × subwoofer Maximum power output 50 W×4 ch Mounting dimension 178 (W) mm × 100 (H) mm × 110 (D) mm Weight BODY： 1.1 kg, MONITOR： 0.8 kg About Pioneer Corporation Pioneer Corporation is a global industry leader in designing and developing audio and visual equipment since the 1930s. Founded by Nozomu Matsumoto, Pioneer Corporation is responsible for producing many of the world's first products, ushering in a new era of cutting-edge technology. Dedicated to "Move the Heart and Touch the Soul", Pioneer Corporation continues to change the face of entertainment solutions with next-generation devices and innovative cloud services for the growing connected car market. Pioneer Electronics Asiacentre Pte Ltd is the regional headquarters of Pioneer Corporation since 1992 supplying car entertainment solutions and providing support to major car manufacturers and automotive aftermarkets in the Southeast Asia region. Website: https://global.pioneer/en/ // https://sg.pioneercarentertainment.com/
SHENZHEN, China, May 10, 2023 /PRNewswire/ -- From May 24th to 26th, at InfoComm Asia 2023 held in Bangkok, Thailand, INFiLED will showcase visual solutions for xR production and out-of-home media, as well as quality LED screens applicable for various scenarios including offices, airport terminals, stages, and shopping malls. At this exhibition, one of the most anticipated of the INFiLED booth will be a small xR virtual shooting platform it built. The platform consists of a DB2.6, XII 2.6 combined LED backdrop and DFII2.6 LED floor, which will be used to demonstrate to visitors how these screens can smoothly present scenes designed by film and television production teams. Moreover, INFiLED will exhibit LED displays suitable for outdoor advertising, including WL series light pole screens with high refresh rates and energy-efficient DS series digital signage. WL series supports multiple installation methods and can be installed on street light poles in commercial districts, parks, squares, and communities; while the DS series excels in brightness and color representation, and can be used to create display solutions for commercial plazas, playgrounds, transportation hubs, and more. In addition to the above-mentioned series of screens, there are also some other exhibits worthy of attention, such as the GXII series for building large digital displays and the WK series for indoor applications. The GXII series features lightweight, durable, and ideal for stage, studio, and airport screen setups. The QM series screens have a wide color gamut and fine pixel pitch, showing bright colors and rich details when playing images or videos. Find INFiLED The address of the InfoComm Asia 2023 is Queen Sirikit National Convention Center, Bangkok. INFiLED's booth B10 is located in Hall 4. During the exhibition, INFiLED's customer service specialists will provide the best services for all customers who are interested in our products. About INFiLED INFiLED is an international high-tech enterprise specializing in the R&D and manufacturing of large-scale LED video equipment. Up to now, INFiLED's products were exported to 87 countries and applied in various fields including virtual production, retail, live events, DOOH, and education. Focusing on independent innovation and continuous improvement, INFiLED is striving to be a top-brand LED screen manufacturer to enlighten the world with a visual feast. Media Contact: info@infiled.com
Turin, Italy, 9th May/Phoenix, AZ, USA, 8th May 2023. Iveco Group N.V. (MI: IVG) and Nikola Corporation (NASDAQ: NKLA) announce today that they are excited to enter a new phase of their partnership, which started in 2019 and has so far met all milestones to leverage the respective expertise to deploy zero-emission heavy-duty (Class 8) trucks in North America and Europe. The two companies worked jointly at a steady pace, despite Covid-19 and supply chain challenges, to achieve the outcomes of the previous phase, launching Battery Electric Vehicles (BEV) and Fuel Cell Electric Vehicles (FCEV) for regional and long haulage. Each company is now eager to sharpen its own focus on heavy-duty transport. Iveco Group will concentrate on Europe for the further development and commercialisation of its own battery electric and fuel cell electric trucks, which includes rolling out its financing business model GATE, and Nikola will focus its operations in North America, with an integrated approach to its customers, offering BEV, FCEV and hydrogen infrastructure via its HYLA brand. Iveco Group will assume full ownership of the joint venture in Ulm, Germany. Also, Iveco Group will be licensed to freely access and continue developing vehicle control software for the jointly developed BEV and FCEV. Nikola will be granted the IVECO S-Way technology license for North America and related component supply from Iveco Group, and will gain joint ownership of the intellectual property of Generation 1 eAxles, technology developed together with Iveco Group’s powertrain brand, FPT Industrial. Iveco Group will cover the capital outlay related to this new phase of collaboration through its available liquidity, acquiring the above-named items partially in cash (USD 35 million) and partially in Nikola shares (20 million of shares). Despite the negative cash impact generated, Iveco Group forecasts to absorb it with cash flow generation and therefore this does not change its cash flow target for 2023; it will also retain a meaningful amount of Nikola shares. Iveco Group and Nikola will continue to work towards the same ultimate goal: to lead the energy transition to the future of mobility. The above-mentioned provisions are subject to all applicable regulatory approvals and preparation of definitive agreements to more fully implement the terms of the binding terms sheet between the companies. Iveco Group N.V. (MI: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; MAGIRUS, the industry-reputed firefighting vehicle and equipment manufacturer; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs more than 35,000 people around the world and has 20 industrial sites and 29 R&D centres. Further information is available on the Company’s website www.ivecogroup.com Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor. Forward Looking Statements Certain statements included in this press release that are not historical facts are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the focus and strategy of each of Iveco Group and Nikola; expectations relating to the ownership of the joint venture, intellectual property and licenses; expectations related to ownership of Nikola shares; the belief that Iveco Group will absorb costs related to changes to the joint venture. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the parties’ management teams. We cannot assure you that forward looking statements will be achieved, and forward-looking statements are not predictions of actual performance. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to: the deployment of the terms sheet through execution of definitive documentation between the parties; design and manufacturing changes, challenges and delays; changes in vehicle specifications; economic, financial, legal, supply chain, regulatory, political and business conditions and changes in domestic and foreign markets; potential challenges arising from COVID-19; the outcome of legal, regulatory and judicial proceedings to which each of the parties is, or may become a party; demand for and customer acceptance of BEV and FCEV trucks; risks associated with development and testing of battery storage systems, e-axels, fuel cell power modules and hydrogen storage systems; risks related to the rollout of the parties’ business and the timing of expected business milestones, including delivery of BEV and FCEV trucks for sale; the effects of competition on future business; the availability of capital; and the other risks detailed from time to time in the reports and other documents each of the parties filed with the relevant authorities (such as the US Securities and Exchange Commission, the Netherlands Authority for the Financial Markets – AFM, the Italian Commissione Nazionale per le Società e la Borsa), pursuant to applicable rules. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and each of Nikola and Iveco Group specifically disclaims any obligation to update these forward-looking statements. Iveco Group Media Contacts: Francesco Polsinelli, Tel: +39 335 1776091 Fabio Lepore, Tel: +39 335 7469007 E-mail: mediarelations@ivecogroup.com Nikola Media Contact: press@nikolamotor.com
A12 藝術空間
Manufacturer
請先登入後才能發佈新聞。
還不是會員嗎？立即 加入台灣產經新聞網會員 ，使用免費新聞發佈服務。 （服務項目） （投稿規範）
