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CoinShares Announces Q4 2023 Results

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SAINT HELIER, Jersey, Feb. 13, 2024 /PRNewswire/ — CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the leading European alternative asset manager specialising in digital assets, has today published its results for the quarter ending 31st December 2023.

Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

“After refining our strategy back in 2022, we’re now navigating the correct course. As 2023 unfolded, we’ve been delighted to see the numbers validating our approach, with our EBITDA remaining robust throughout the year, particularly in Q4.

Yet, it’s not solely about the numbers; it’s the cohesive effort of every business unit and corporate function that has driven this success.

2023 has emerged as our second-best year on record, a confirmation of the solidity of our strategies and operational strength.

Our focus now is to leverage this momentum, aiming to expand globally and position CoinShares as the definitive one-stop shop for digital asset investment worldwide.”

Q4 2023 financial highlights

Q4 revenue, gains and other income of £33.3 million (Q4 2022: £14.3 million)Q4 adjusted EBITDA of £25.7 million (Q4 2022: negative £23.8 million)Total comprehensive income for Q4 2023 of £15.3 million (Q4 2022: negative £37.1 million)

Full Year 2023 financial highlights

2023 revenue, gains and other income of £85.7 million (2022: £72.4 million)2023 adjusted EBITDA of £56.9 million (2022: negative £6.8 million)Total comprehensive income for 2023 of £37.9 million (2022: £2.9 million)

Q4 2023 operational highlights

Positive start to 2023, consistent positive EBITDA throughout, with a very strong Q4 performance.Asset Management: Q4 management fees of £13.0 million. CoinShares Physical drove significant inflow, contributing to a total year platform inflow of $213.2 million. CoinShares Physical’s AUM reached £567.3 million (excluding CoinShares’ seed) representing 19% of total Group’s AUM.CoinShares Blockchain Global Equity Index (Index): Strong Q4, 51% return in 2023, surpassing MSCI World and S&P 500. Ended 2023 with £576.1 million benchmarked to the Index, the second-largest of its kind globally. Expansion into the US market set to tap into a larger investor base.Capital Markets & Hedge Fund Solutions: Q4 top-line performance of £12.7 million. Performance boosted by staking, trading gains, and lending.Principal Investments: Recovery in Q4 with strategic divestments in 3iQ and SBG, generating liquidity for reinvestment.Overall strong performance with Adjusted EBITDA of £25.7 million for Q4, full-year figure at £56.9 million.

Dividend policy

The board of directors has adopted an amended dividend policy. While we remain committed to growth, we also wish to reward our shareholders for their trust and support.

The policy stipulates that the annual dividend payment will be between 20% and 40% of the Group’s annual total comprehensive income, excluding currency translation differences.

The annual dividend payment will be made payable in SEK in four quarterly instalments via the Euroclear Sweden settlement system, subject to an assessment by the Board of the financial health and cash requirements of the Group prior to each payment being made.

CoinShares maintains a variety of strong banking relationships globally, however the ability to pay a dividend remains subject to the successful establishment of the requisite Swedish banking relationship to facilitate payment through Euroclear. A further update will be made in due course.

 

The performance for Q4 marks the Group’s strongest quarter since the end of 2021 and has contributed to 2023 being the second strongest year in the Group’s history after 2021. Full details of the Q4 results, inclusive of financial information on each of the Group’s business units, are included within the full report, available here.

The Annual Report for the Group, inclusive of full audited financials is due to be released on 30th April 2024.

ENDS

Download the Swedish Executive Summary here.

ABOUT COINSHARES

CoinShares is the leading European alternative asset manager specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

For more information on CoinShares, please visit: https://coinshares.com 
Company | +44 (0)1534 513 100 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out below, at 7:00 am CET on 13th February 2024.

PRESS CONTACT

CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com

M Group Strategic Communications
Peter Padovano
press@coinshares.com

 

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SOURCE CoinShares Group

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Ganzin Unveils Revolutionary AURORA IIS Eye-Tracking Solution at CES 2025

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Ganzin will announce AURORA IIS solution in CES 2025, which is a new NPU eye-tracking solution, that only composed of one NPU, two eye sensors, and two IR LEDs. The host could receive eye-tracking results from the NPU directly without any computational burden. It is an ideal eye-tracking solution for AR and AI smartglasses.The NPU’s dimension is just 2.3 x 5.6 mm, the eye sensor’s dimension is 1.6 x 1.6 x 2.3mm, and the IR LED’s dimension is 1 x 0.5 x 0.45mm.DPVR, a leading Chinese VR brand, is set to announce its new standalone VR model, the P2 Vision. The device features advanced eye-tracking technology, powered by the Ganzin AURORA IIS solution.P2 Vision is orderable since CES 2025. You are welcome to visit DPVR booth to experience P2 Vision and Ganzin eye tracking performance at LVCC, Central Hall – 15945.

TAIPEI, Dec. 27, 2024 /PRNewswire/ — Ganzin, a pioneer in glint-free wearable eye-tracking technology provider, is proud to announce the launch of its groundbreaking AURORA IIS solution at CES 2025. This cutting-edge system redefines simplicity and performance in eye-tracking, requiring only one compact NPU, two eye sensors, and two IR LEDs to deliver real-time eye-tracking results to the host device without any computational burden. It is an ideal eye-tracking solution for AR and AI smartglasses.

The NPU, with an ultra-compact size of just 2.3 x 5.6 mm, is purpose-built for AI/AR glasses, and VR headsets. The accompanying eye sensors measure a mere 1.6 x 1.6 x 2.3 mm, while the IR LEDs are 1 x 0.5 x 0.45 mm. The entire AURORA IIS solution weighs less than 1 gram and consumes under 100 mW of power, delivering exceptional efficiency for next-generation wearable devices.

In a major collaboration, DPVR, one of China’s most prominent VR brands, will debut its latest standalone VR model, the P2 Vision, at CES 2025. The P2 Vision incorporates Ganzin’s AURORA IIS solution, enabling precise, real-time eye-tracking capabilities that enhance user interaction, gaze-based control, and immersive experiences.

Visitors to CES 2025 are invited to experience the P2 Vision and Ganzin’s innovative eye-tracking technology in action. Live demonstrations will be held at the DPVR booth (LVCC, Central Hall – 15945), where attendees can get a hands-on look at the future of VR interaction. The P2 Vision will also be available for order starting at CES 2025, marking a new era for VR accessibility and functionality.

“The AURORA IIS marks a major breakthrough in eye-tracking technology,” said Dr. Shao-Yi Chien, CEO of Ganzin. “Our ultra-compact, energy-efficient solution is tailored to meet the demands of VR, AR, and wearable device manufacturers. We also offer flexible customization of eye camera placement to integrate with our clients’ industrial design (ID) requirements.”

Ganzin will have a private suite at the Westgate Hotel during CES 2025. To learn more about our AURORA IIS solution or to schedule a private demonstration, please reach out to our contact listed below.

Media Contact: Martin Lin
Business Development Manager
Ganzin Technology Co., Ltd.
Email: martin.lin@gnainz.com.tw 

About Ganzin

Ganzin is a global leader in eye-tracking technology, delivering advanced, compact, and energy-efficient solutions for next-generation wearable and immersive devices. The company’s vision is to make human-machine interaction more intuitive and accessible to everyone, enabling smarter and more responsive user experiences for consumers.

About DPVR

DPVR is a leading virtual reality technology company based in China, renowned for its development of user-friendly, high-performance VR headsets. Committed to bringing immersive experiences to the masses, DPVR continues to push the boundaries of VR technology and innovation.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ganzin-unveils-revolutionary-aurora-iis-eye-tracking-solution-at-ces-2025-302339520.html

SOURCE Ganzin Technology

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Eddid Financial Partners with HKBU for the Third Consecutive Year to Establish 10th Anniversary Scholarship

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HONG KONG, Dec. 27, 2024 /PRNewswire/ — Building on successful collaborations with the School of Oriental and African Studies (“SOAS”) at the University of London, Hong Kong University of Science and Technology, The Hong Kong Polytechnic University, and City University of Hong Kong, Eddid Financial (the “Group”) announces its partnership with Hong Kong Baptist University (“HKBU”). The Group and HKBU have, together, established the “Eddid Financial 10th Anniversary Scholarship” for the 2024/25 academic year to recognize students who excel academically and contribute outstandingly to social service.

Over the past three years, the Group has engaged in various initiatives with HKBU, including the establishment of social service scholarships, fintech research projects, and internship programs. As Edidd Financial approaches its 10th anniversary in 2025, this new scholarship underscores their commitment to deepening collaboration. This “Eddid Financial 10th Anniversary Scholarship” will reward third-year undergraduate students from the business school who demonstrate academic excellence and a dedication to community service, inspiring more students to strive for success while giving back to society.

The Group is deeply committed to nurturing the next generation of talent and looks forward to supporting those who pursue excellence and are passionate about serving the community in the future academic year. Eddid Financial will also maintain close communication and collaboration with HKBU to support its teaching and research efforts, contributing to sustainable development in society.

About Eddid Financial

Anchored in Hong Kong, Eddid Financial is an all-encompassing financial group centered around fintech and dedicated to integrating cutting-edge artificial intelligence technologies and other latest technologies into its enterprise DNA. The diversified businesses of Eddid Financial range from retail to institutional and include but are not limited to fintech, internet finance, wealth management, asset management, investment banking, and virtual assets. Eddid Financial is committed to providing one-stop financial services and products to customers through high-quality investment solutions.

Members of the Group hold a variety of licenses and memberships across key financial markets. These include Hong Kong Securities and Futures Commission (SFC) regulated activities (“RA”) licenses for types 1, 2, 3, 4, 5, 6, and 9; SEHK and HKCC participant (OTP-C broker number: 0974 and 0977), Insurance Broker Company license; Trust or Company Service Provider License in Hong Kong. Additionally, our fully owned U.S. broker-dealer subsidiary, Eddid Securities USA Inc., maintains approved membership with the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), and the Securities Investor Protection Corporation (SIPC), and the Nasdaq Stock Market LLC (NQX), and is a registered broker dealer with the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the United States.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/eddid-financial-partners-with-hkbu-for-the-third-consecutive-year-to-establish-10th-anniversary-scholarship-302339531.html

SOURCE Eddid Financial

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JinkoSolar Announces Results of 2024 Annual General Meeting

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SHANGRAO, China, Dec. 27, 2024 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that all shareholders resolutions proposed at the Company’s 2024 annual general meeting held today were duly passed. Specifically, the Company’s shareholders passed the following resolutions approving:

The re-election of Mr. Xianhua Li as a director of the Company;The re-election of Mr. Steven Markscheid as a director of the Company;The ratification of the appointment of Mr. Gang Chu as an independent director of the Company and the re-election of him as an independent director of the Company;The ratification of the appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors of the Company for the fiscal year of 2024;The authorization of the directors of the Company to determine the remuneration of the auditors of the Company; andThe authorization of each of the directors of the Company be authorized to take any and all action that might be necessary to effect the foregoing resolutions 1 to 5 as such director, in his or her absolute discretion, thinks fit.

 About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had over 10 productions facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and a global sales network with sales teams  in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of September 30, 2024. To find out more, please see: www.jinkosolar.com

For investor and media inquiries, please contact:

In China:

Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: ir@jinkosolar.com 

Mr. Rene Vanguestaine
Christensen
Tel: +86 178 1749 0483
Email: rene.vanguestaine@christensencomms.com  

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com

View original content:https://www.prnewswire.com/news-releases/jinkosolar-announces-results-of-2024-annual-general-meeting-302339506.html

SOURCE JinkoSolar Holding Co., Ltd.

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