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NANCHANG, China, Dec. 30, 2025 /PRNewswire/ -- A report from Jiangxi International Communication Center (JXICC): It has been ten years since Jiangxi's first China-Europe Railway Express departed from Henggang Station (now Nanchang South Station) in January 2015. Over the past decade, this steel corridor has operated over a thousand trips, serving more than 300 local enterprises and driving remarkable growth in the province's foreign trade. It has become a vital channel for Jiangxi's deep integration into the Belt and Road Initiative and its pursuit of high-level opening-up. Ten Years, Great Strides As an eyewitness to this journey, Li Jian, the driver of the inaugural train, has seen its evolution from a weekly service to multiple departures daily. "What this train carries is not only goods, but also Jiangxi's connectivity and opportunities with the world," he said. Today, "Made in Jiangxi" products such as Jingdezhen ceramics, electronics and furniture are reliably transported via this international logistics corridor to more than 20 countries across Asia and Europe. Currently, east of China's Jiangxi Province is continuing to enhance the quality and efficiency of the China-Europe Railway Express by building smart ports and expanding cross-border e-commerce dedicated lines, further opening up international logistics channels. This transcontinental Steel Silk Road has become a key support for Jiangxi in building itself into an inland hub for opening-up and serving the new development paradigm.
HONG KONG, Dec. 30, 2025 /PRNewswire/ -- On 30 December, USAS Building System (Shanghai) Co., Ltd. (the "Company" or "USAS") was officially listed on the Main Board of The Stock Exchange of Hong Kong Limited, marking the completion of an important step in the Company's entry into the international capital markets and the commencement of a new development phase as a publicly listed company accessible to public investors. The successful listing represents not only a key milestone in the development history of USAS, but also brings the industrial prefabricated steel structure segment—long serving the manufacturing sector—into clearer view of the capital markets through a more representative business profile. As a prefabricated steel structure building solution provider focused on the industrial sector, USAS addresses the construction needs of manufacturing plants and industrial projects by offering integrated subcontracting services covering design optimisation, procurement, manufacturing and on-site installation. According to the Frost & Sullivan Report, by revenue in 2024, the Company ranked third in China's industrial prefabricated steel structure building market. A Stable Operating Scale Provides a Foundation After Listing From an operating perspective, USAS has established a relatively stable business scale. As disclosed in the prospectus, from 2022 to 2024, the Company recorded revenue of approximately RMB1,903 million, RMB1,453 million and RMB1,523 million, respectively, maintaining an overall scale at the level of over RMB1 billion. Among these, prefabricated steel structure building subcontracting services have consistently been the core source of revenue. In 2024, revenue from this business amounted to approximately RMB1,241 million, accounting for 81.5% of total revenue, demonstrating the Company's high level of focus on its core industrial prefabricated steel structure business. Against the backdrop of pronounced project-based business characteristics, the Company's profitability structure has also remained relatively stable. From 2022 to 2024, USAS recorded overall gross profit margins of 12.7%, 14.8% and 12.5%, respectively, while the gross profit margin of the core subcontracting business remained within the 13%–15% range over the long term, reflecting a relatively mature operating system in project management, cost control and delivery capability. At the same time, the prospectus shows that the Company's operating cash flow performance has remained stable, with sound liquidity, providing the necessary financial support for the continued advancement of its business and the execution of projects. Clear Long-Term Logic for Industrial Buildings, with Overseas Business as an Incremental Supplement From an industry perspective, industrial prefabricated steel structure buildings primarily serve manufacturing plants and industrial projects, and their demand is highly correlated with the manufacturing investment cycle. As manufacturing develops toward higher-end, larger-scale and more intensive operations, industrial projects increasingly require higher construction efficiency, structural safety and system integration capabilities, giving prefabricated steel structures a clear industrial rationale for application in industrial buildings. While continuing to deepen its presence in the domestic industrial market, USAS has also gradually expanded its related overseas business. The prospectus discloses that revenue from the Company's industrial environmental equipment business is mainly derived from overseas markets. Revenue from this segment increased from approximately RMB31.82 million in 2022 to approximately RMB100 million in 2024, with the gross profit margin rising to 18.9% over the same period. The relevant business has covered multiple overseas markets and has obtained certifications in China, the United States, Europe and Canada, laying a foundation for the Company's cross-regional project execution and overseas expansion. Using the Hong Kong Listing as a New Starting Point to Advance Long-Term Industrial Building Deployment Following the completion of its listing on the Hong Kong Stock Exchange, USAS has formally entered the public capital market system. In line with the development directions disclosed in the prospectus, the Company will continue to deepen its presence in the industrial building sector in the future. While consolidating its core prefabricated steel structure business, the Company will promote synergies among different business segments and steadily advance its overseas market expansion. Against the backdrop of manufacturing investment cycles, industrial building upgrades and the gradual release of overseas demand, USAS has built a verifiable business foundation through years of project accumulation, a stable revenue scale and a gradually taking-shape overseas footprint. With the listing platform now in place, the Company's operational capabilities and development path in the industrial prefabricated steel structure segment are expected to continue advancing under conditions of higher transparency and broader market participation.
HONG KONG, Dec. 29, 2025 /PRNewswire/ -- With manufacturing investment gradually recovering and the pace of industrial project construction continuing to advance, industrial buildings are accelerating toward standardised and prefabricated development. Against this backdrop, the application of industrial prefabricated steel structure buildings in manufacturing plants and large-scale industrial projects has continued to expand. As the listing process enters its final stage, USAS Building System (Shanghai) Co., Ltd. (the "Company" or "USAS") is set to be listed on the Hong Kong Stock Exchange on 30 December, and the industrial prefabricated steel structure sub-sector in which it operates is coming into the capital market's view. Industrial prefabricated steel structure buildings are a typical sub-sector of industrial construction. Demand is mainly derived from manufacturing plants and industrial projects, where higher requirements are placed on construction efficiency and delivery capability. Compared with residential and commercial buildings, industrial buildings place greater emphasis on construction efficiency, structural stability and compatibility with production systems. Continued capacity expansion across manufacturing sectors such as automotive, pharmaceuticals, food and beverage, machinery and electronics, and logistics has strengthened the industrial nature of prefabricated steel structure buildings in industrial projects. In response to such demand, USAS has formed a relatively clear business positioning. The prospectus shows that the Company is not a single steel structure fabricator, but rather an integrated prefabricated steel structure building solution provider focused on the industrial sector, providing full-process subcontracting services for industrial plants and manufacturing projects, covering design optimisation, procurement, manufacturing and on-site installation. According to the Frost & Sullivan Report, by revenue in 2024, USAS ranked third in China's industrial prefabricated steel structure building market. Against the backdrop of an overall fragmented industry, USAS has established a relatively clear industry position. From an operating perspective, the Company has established a stable business foundation. The prospectus discloses that from 2022 to 2024, USAS recorded revenue of approximately RMB1.903 billion, RMB1.453 billion and RMB1.523 billion, respectively, maintaining an overall scale at the level of over RMB1 billion. Among these, prefabricated steel structure building subcontracting services are the core source of revenue. In 2024, revenue from this business was approximately RMB1.241 billion, accounting for 81.5% of total revenue, reflecting the Company's high degree of focus on its industrial prefabricated steel structure core business. In terms of profitability structure, the Company presents typical characteristics of an industrial project-based model. From 2022 to 2024, the Company's overall gross profit margin was 12.7%, 14.8% and 12.5%, respectively, while the gross profit margin of the core subcontracting business remained in the range of 13%–15% over the long term. In 2025, as certain large-scale industrial projects progressed in a concentrated manner, the Company achieved revenue of approximately RMB1.424 billion in the first half of the year, reflecting the impact of project execution cycles on the release of interim performance. From a medium- to long-term industry perspective, the penetration rate of prefabricated steel structures in China's industrial building sector remains at a relatively low level. Manufacturing investment upgrades, demand for compressed construction timelines and the continued advancement of green building policies provide a practical demand foundation for the industry. At the same time, emerging manufacturing bases such as Southeast Asia are accelerating the undertaking of global capacity relocation, which also brings new sources of projects for enterprises with cross-regional delivery capabilities. Against this backdrop, USAS's overseas business footprint has gradually become more evident. The prospectus discloses that revenue from the Company's industrial environmental equipment business is mainly derived from overseas markets. Revenue from this segment increased from approximately RMB31.82 million in 2022 to approximately RMB100 million in 2024, while its gross profit margin increased to 18.9% over the same period. This business has covered multiple overseas markets and has obtained certifications in China, the United States, Europe and Canada, providing conditions and support for cross-regional project execution. Following its listing on the Hong Kong Stock Exchange, USAS is expected to leverage the capital market platform to further consolidate its industry position in the industrial prefabricated steel structure segment. With its established industrial customer base, stable project delivery capabilities and a gradually expanding overseas business footprint, the Company has a practical foundation to continue advancing in undertaking industrial projects, optimising its business structure and enhancing scalable operational capabilities.
BEIJING, Jan. 16, 2026 /PRNewswire/ -- Molten aluminum glows briefly before disappearing into a steel mold. Seconds later, a single, solid vehicle structure emerges - still hot, still humming. This is die casting, a manufacturing method long used in the auto industry: metal is melted, injected into a mold under extreme pressure, held until solidified, then cooled and finished into high-strength automotive components. The principle is straightforward, while the execution is not. Inside Xiaomi's electric vehicle (EV) Hyperfactory in Beijing, a die-casting machine with 9,100 tons of clamping force and a total weight of 718 tons compresses what were once 72 separate parts into a single structural unit. The result is a stronger body frame - and a sharply simplified production process. For Lucy, a visitor from the US, the scale and precision of the operation were striking. "It's my first time visiting a car manufacturing company, and I thought it was incredible," she said. From the start of the tour, she watched aluminum ingots turn into car frames, while robotic arms handled assembly and sensors tracked each step of the process in real time. Powered by scale and automation, the Xiaomi EV Hyperfactory has increasingly become what locals describe as a "must-see industrial site" in Beijing, drawing visitors from both China and abroad. According to Ma Lan, chief of staff of Xiaomi EV and GM of General Management Department of Xiaomi Yizhuang Region, the facility has so far hosted more than 400 organized visits for guests spanning over 70 countries and regions, including foreign officials, industry experts, media representatives, investors, key suppliers, and business partners. Such digitally driven, intelligent factories are not isolated cases in China. The Xiaomi EV Hyperfactory has become one of the key windows through which the outside world observes the evolution of China's advanced manufacturing sector. Global attention Covering an area of 718,000 square meters - roughly the size of the Forbidden City - the Xiaomi EV Hyperfactory operates at a pace where one new-energy vehicle rolls off the line every 76 seconds. Smarter, more flexible, and more energy-efficient: these are the defining traits of the modern auto plant. Digital technologies now span the entire production chain, while artificial intelligence and robotics are reshaping manufacturing logic at unprecedented speed. Traveling through the heart of the body workshop by shuttle, what stands out is not a single robotic arm in motion, but more than 700 robots working in coordinated precision. Across more than 200 key processes, automation has reached 100 percent, according to a factory representative. For many foreign visitors, the Xiaomi EV Hyperfactory offers a first close-up look at China's EV manufacturing capabilities. Rohan, a visitor from Columbia University in New York, described the experience as "incredible." He noted that the factory tour, showroom, and even the on-site go-kart track were both engaging and informative. Watching aluminum transform into finished vehicles on highly automated lines highlighted, in his words, the system's organization, efficiency, and flexibility. Foreign visitors are not limited to students or car enthusiasts. Diplomats and automotive executives have also been frequent guests. In November 2024, more than 30 diplomatic envoys and trade officials from 18 countries - including Argentina, Egypt, Austria, Germany, Singapore, Turkey, and Indonesia - visited the Xiaomi EV Hyperfactory. The vehicle design, production efficiency, and hands-on experience with the high-speed SU7 Ultra left a strong impression on many of them, according to an article published on the website of Foreign Affairs Office of the Beijing Municipal Government. Huub Buise, minister counselor at the Dutch Embassy in China, said he was impressed by Xiaomi's EV Hyperfactory and saw significant potential for deeper China-Europe cooperation in new energy. Mahmoud Tialab, second secretary at the Egyptian Embassy in China, said the plant stood out among those he had visited, adding that Egypt is already in contact with Xiaomi to explore possible cooperation, according to the article. Recalling numerous overseas visitors to the facility, Ma shared a memorable story with the Global Times. In late October 2025, a Jamaican government delegation visiting China for disaster prevention and mitigation exchanges made a special stop at the factory. "They were immediately drawn to our Emerald Green model," Ma said. "They told us the color closely resembles the green in Jamaica's national flag, which made them feel an instant connection." Delegation members repeatedly asked when the vehicle would enter the Jamaican market and said they would be among the first buyers, she noted. World-class benchmark The Xiaomi EV Hyperfactory moved from groundbreaking to completion in just 14 months, and work on its second and third phases is now progressing steadily. Analysts say the pace reflects China's execution efficiency and manufacturing innovation during its broader industrial transition. Another visiting student named Evert from Columbia University noted that what stood out most was the speed at which the entire manufacturing system had been built. "That this can be done from the ground up in such a short time really speaks volumes," he said, citing China's strengths in manufacturing coordination, efficiency, and technological integration. Founded in 2010, Xiaomi began as a consumer electronics company focused on smartphones and home appliances. On July 8, 2024, founder and CEO Lei Jun announced on social media that Xiaomi's next-generation smartphone smart factory in Beijing's Changping district had officially begun operations. The facility has an annual capacity of 10 million flagship phones, and has been certified as a national-level intelligent manufacturing benchmark enterprise. A Financial Times report has noted that Xiaomi's pivot from an asset-light consumer electronics business to a manufacturing high-flyer aligns with the Chinese government's call for domestic companies to develop new quality productive forces. From a broader perspective, the transition also fits into China's medium-term development blueprint, as the Recommendations of the Central Committee of the Communist Party of China for Formulating the 15th Five-Year Plan for National Economic and Social Development stated that China should promote technological transformation and upgrading to shift toward digital and intelligent development in the manufacturing sector, develop smart, green, and service-oriented manufacturing, and work faster to transform industrial models and enterprises' organizational forms. "Xiaomi's rise could probably happen only in China," the Wall Street Journal wrote in an article on February 28, 2025. Chinese EV makers control nearly every aspect of manufacturing and can turn to domestic suppliers for most of their materials and parts, said the article, noting that this makes their operations more efficient than those of non-Chinese car manufacturers, which depend on a global supply chain that is susceptible to delays, price fluctuations and logistical hiccups. The Diplomat magazine recently said China chose openness over protectionism in its EV industry and introduced foreign competitors such as Tesla to spur domestic innovation. Ma told the Global Times that executives from leading global automakers - including Mercedes-Benz, BMW, and Ferrari - have visited the factory for exchanges. "This provides us with an excellent learning opportunity," she said. "At the same time, these executives gain a more comprehensive understanding of China's market demands and innovation rhythm." Such two-way observation and dialogue are laying the groundwork for deeper industrial collaboration in the future. Ma also noted that Xiaomi EV plans to enter overseas markets by 2027. Looking ahead, the factory's openness carries a clear strategic significance: it acts like a prism, reflecting global recognition of China's ability to reshape high-end manufacturing through intelligence and sustainability, while also signaling the world's shared expectation for a more efficient, sustainable, and collaboratively open industrial future.
TAIPEI, Jan. 14, 2026 /PRNewswire/ -- The Pop Institute Taiwan (P.O.P.), a personal development organization dedicated to helping individuals realize their potential, partnered with its philanthropic arm, the Life Enlightenment Education Foundation, this spring for a series of corporate-sponsored community service programs under the Youth Dream Initiative. POP Institute Pte Ltd On April 3rd, volunteers gathered to support indigenous communities in Hualien's Xiulin Township – one of the areas hardest hit by last year's devastating 0403 earthquake. The date, which coincided with Children's Day and the disaster's first anniversary, added meaning to the day's service. Students and teachers from Tongxin Waldorf Experimental School in Taipei joined local businesses including Xuyue Steel Co., Ltd. (Chairman Wu Jun-Liang, GM Lin Ya-Fang), Weijie Design Co., Ltd. (Wang Cong-Sheng), and Youray Trading Co., Ltd. (Liu Yi-Cheng), along with children from the Presbyterian Church's Children's Home, led by Director Du Zhen-Xi. Volunteers cleaned and painted homes in remote villages, transforming them with colorful murals and handprints signifying hope and renewal. "The true meaning of this project lies in everyone coming together to support those in need within our communities.," said Chairman Huang Zhen-Hui of the Life Enlightenment Education Foundation. "I sincerely thank all the participating companies and volunteers, as well as the P.O.P. students whose continued encouragement and support empower them to give back meaningfully to society." The experience left a lasting impression on many students, who said spending Children's Day helping others gave the holiday a more profound significance. Many expressed their hopes to continue serving their communities as they grow. "Giving back is our duty. Working alongside the youth reminded me of my younger days. Our work in public service will continue," shared Chairman Wu Jun-Liang of Xuyue Steel Co., Ltd. "It's heartwarming to see adults and children overcome barriers and work together. We're honored to support this community," added donor Lu Xiu-Jin. Teacher Tsai Meng-Hung, who accompanied the student volunteers, remarked, "This project helps students see that many people are working hard to improve the world. We hope they feel their efforts contribute to that mission." Beyond the service project, the Life Enlightenment Foundation donated essential household goods to the Presbyterian Church's Children's Home and local needy families. Past charitable efforts include rebuilding post-earthquake kitchens and classrooms, and a "100 Pairs of Shoes" donation drive for eight youth shelters. Since its founding in 1990, P.O.P. has continued to provide personal-growth programs that help individuals discover their potential and achieve life goals. Through the charitable work of the Enlightenment Education Foundation, P.O.P. remains committed to creating meaningful opportunities for disadvantaged children and promoting a spirit of service. For more information about P.O.P., please visit: https://poptw.site/.
RIYADH, Saudi Arabia, Jan. 14, 2026 /PRNewswire/ -- The Royal Commission for Riyadh City, through Riyadh Art, announces the return of Tuwaiq Sculpture 2026, marking the seventh edition of the annual international sculpture symposium. The program will take place from 12 January to 22 February 2026 at Prince Mohammed bin Abdulaziz Street (known as Tahlia Street), Riyadh, bringing together 25 artists from 18 countries, including Saudi Arabia, to create new large-scale public artworks through a live sculpting experience open to the public. Tuwaiq Sculpture 2026 presented by Riyadh Art, Royal Commission for Riyadh City. This year's edition unfolds under the curatorial theme "Traces of What Will Be," exploring transformation as both a physical process and a metaphor for urban change. Rooted in material, site, and making, the theme invites artists to reflect on how traces of human intervention, memory, and ingenuity shape the future of cities and communities. Live Sculpting as a Public EncounterAt the core of Tuwaiq Sculpture 2026 is its live sculpting format, which allows visitors to observe the full artistic process as works take shape over time. From 12 January to 5 February 2026, artists will work on site, transforming locally sourced granite and reclaimed metal into finished sculptures. The open format offers a rare opportunity for the public to engage directly with contemporary sculptural practice, witnessing how raw materials evolve into enduring works of art. This edition introduces two sculpting categories: granite with optional stainless steel integration and reclaimed metal, reinforcing the symposium's commitment to material exploration, sustainability, and innovation. Curatorial Framework and Artistic ExchangeThe curatorial direction for Tuwaiq Sculpture 2026 is led by Lulwah Al Homoud, Rut Blees Luxemburg and Sarah Staton, whose combined practices span public art, spatial research, and contemporary visual culture. Together, they frame the symposium as a site of artistic exchange, where process, place, and future-oriented thinking converge. Set on Tahlia Street, historically associated with Riyadh's first desalination plant, the location serves as a conceptual anchor for the theme. Its legacy of environmental ingenuity and transformation informs the artistic responses developed throughout the symposium. A Growing Public Art LegacyAll artworks created during Tuwaiq Sculpture 2026 will become part of the Riyadh Art permanent collection. Following the conclusion of the program, the sculptures will be permanently installed across key public spaces in the capital, contributing to Riyadh Art's long-term vision of integrating contemporary art into the city's urban fabric. Since its launch in 2019, Tuwaiq Sculpture has welcomed more than 150 artists from around the world, establishing itself as a cornerstone of Riyadh's evolving cultural landscape and a platform for dialogue between local and global artistic practices. Further details on the public exhibition of completed works will be announced separately. For more information, visit: riyadhart.sa/en/tuwaiq-sculpture For more information regarding Riyadh Art and Tuwaiq Sculpture, please contact: Riyadh Art Media Center: info@riyadhart.sa Notes to editors About Tuwaiq Sculpture Tuwaiq Sculpture is an annual sculpture symposium that brings local and international artists together to create public artworks in a live setting. Through an interactive program of workshops, school visits and talks, Tuwaiq Sculpture engages diverse communities and bolsters cultural exchanges. The symposium culminates in an on-site exhibition, with the sculptures enriching the Riyadh Art collection and later becoming a permanent feature of the Saudi capital's urban fabric. Part of Riyadh Art, Tuwaiq Sculpture is a significant contributor to the Riyadh Art collection and the project's goal of commissioning 1,000 public artworks to be displayed across the city. After each edition of the symposium, sculptures are permanently installed in key locations across the city, becoming an integral part of Riyadh's urban fabric. Tuwaiq Sculpture is a platform where local and international artists meet, collaborate, and create large-scale public artworks in a live setting. The open format of the symposium allows the public to observe the creative process, participate in interactive workshops and discuss the history and future of public art, effectively contributing to the enrichment of the cultural scene in the Kingdom of Saudi Arabia. Since its inception in 2019, Tuwaiq Sculpture has engaged 153 internationally renowned sculptors and thousands of visitors. Website: https://riyadhart.sa/en/tuwaiq-sculpture/ About Riyadh Art Riyadh Art is one of Riyadh's four original mega projects under Vision 2030 and is led by the Royal Commission for Riyadh City. Launched in 2019, it was developed to catalyze the capital's transformation, enrich lives, and encourage creative expression and cross-cultural dialogue through art. Art and culture are essential to the identity of a city, and the Riyadh Art initiative was established to reflect the openness and accessibility of the capital's growing creative landscape; where the exchange of ideas through artistic practice contributes to a deeper and more inclusive cultural identity. Riyadh Art aims to have a positive impact on people, bringing everyday moments of joy to residents and visitors alike, while instilling a greater sense of civic pride and creating a more beautiful city for everyone to enjoy. It also supports the growth of the creative economy and contributes to attracting investment and talent to Riyadh. Website: www.riyadhart.sa Instagram: www.instagram.com/riyadhartofficial/ X: https://twitter.com/Riyadh_Arts Facebook: www.facebook.com/RiyadhArtOfficial Video - https://mma.prnasia.com/media2/2860885/Tuwaiq_Day_1.mp4 Tuwaiq Sculpture 2026 presented by Riyadh Art, Royal Commission for Riyadh City. Tuwaiq Sculpture 2026 presented by Riyadh Art, Royal Commission for Riyadh City. Tuwaiq Sculpture 2026 presented by Riyadh Art, Royal Commission for Riyadh City. Tuwaiq Sculpture 2026 presented by Riyadh Art, Royal Commission for Riyadh City. Tuwaiq Sculpture 2026 presented by Riyadh Art, Royal Commission for Riyadh City.
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