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Computime Announces FY23/24 Annual Results

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Profit After Tax Recorded a 5-year-high at HK$83.9 Million

EBITDA Increased by 41.9% to HK$340.9 Million

The Board Proposes a Final Dividend of HK$0.05 

Financial Highlights

For the year ended 31 March

FY2024
HK$ million

FY2023
HK$ million

Year-on-Year (“YoY”)

Change

Revenue

4,037.8

4,204.8

(4.0 %)

Gross profit

631.1

508.8

24.0 %

EBITDA(Note1)

340.9

240.2

41.9 %

Profit after tax

83.9

23.5

257.0 %

Proposed final dividend

HK$0.050

HK$0.021

138.1 %

Note 1: Earnings before interest, taxes, depreciation and amortisation (“EBITDA”)

HONG KONG, June 28, 2024 /PRNewswire/ — A leading technology, brand, and manufacturing company and an enabler of smart and sustainable living, Computime Group Limited (the “Company” or “Computime”, together with its subsidiaries, collectively the “Group”; stock code: 320.HK) is pleased to announce its annual results for the year ended 31 March 2024 (the “Year” or “FY23/24” or “FY2024”). As the Group marks its 50th anniversary, we continue to demonstrate resilience and strategic foresight in the complex global landscape.

Results overview

The Group reported the revenue of HK$4,037.8 million for FY2024, a decrease of 4.0% from HK$4,204.8 million for the Year ended 31 March 2023 (“FY2023”), due to soft demand in the housing-related market and recession concerns in the Europe and North America. Despite the revenue decline, the gross profit margin improved to 15.6% in FY2024 from 13.4%[1] in FY2023, driven by enhanced operational efficiency, effective material management and favorable exchange rate environment.

The profit before tax increased by 242.7% to HK$107.6 million from HK$31.4 million in FY2023, while the profit after tax is reaching HK$83.9 million, representing 3 times of the profit after tax for FY2023 at HK$23.5 million. Additionally, the adjusted EBITDA[2] was recorded at HK$333.9 million, reflecting a 13.2% growth from HK$295.0 million in FY2023.

The Group’s cash and bank balances were HK$226.7 million as at 31 March 2024, while the net cash improved to HK$90.3 million as at 31 March 2024 from HK$84.3 as at 31 March 2023. The inventory balance decreased by 15.0% to HK$824.0 million, indicating better operational efficiency and material management.

Segment Review

The Control Solutions segment saw a revenue drop from HK$3,665.7 million in FY2023 to HK$3,601.0 million, a 1.8% YoY decrease due to weakened market demand and reduced consumer confidence. Despite the drop in revenue, profit margins improved significantly, driven by stable demand from long-term customer partnerships and integrated technology and manufacturing collaborations. Moving forward, the Group will implement a globalization strategy with a “region-to-region” approach, collaborating with customers to launch innovative product platforms. These efforts to foster strong customer relationships, expand our global footprint, and enhance operational productivity position the Control Solutions segment well to navigate market fluctuations and sustain profitability.

The Branded Business segment reported a revenue of HK$436.8 million for FY2024, a 19.0% decrease from FY2023, due to challenging market conditions and customer destocking. Despite these challenges, the Branded Business segment is poised for growth through strategic initiatives. We are expanding into Eastern Europe with a dedicated sales team and launching new platforms including Electric Vehicle chargers (“EVCs”), home battery storage solutions, Artificial Intelligence (“AI”)-driven climate control systems, Matter-compatible thermostats, and ultra-quiet Thermostatic Radiator Valves (“TRVs”). A major focus is the Salus Protect security service, targeting the security industry and enhancing our smart home offerings in the European market. Partnering with Securitas, it includes security hardware, smart home devices, and monitoring services under the brands Immunity and Merlin. Additionally, a new centralized warehouse in Poland will boost logistics and distribution efficiency, supporting regional growth.

Research and development (“R&D”)

Computime’s global R&D team of 200 engineers drives innovation across the Centers of Excellence in Mainland China, Hong Kong, the United States (“US”), Romania, and the United Kingdom (“UK”). Our commitment to technological advancement is reinforced through strategic partnerships and ownership in engineering firms, focusing on cloud technology. Collaboration among engineers in Hong Kong, Mainland China, and India enhances scalability and interoperability, leveraging diverse expertise to maintain our competitive edge in intelligent product development.

Outlook

Computime is leveraging AI and sustainability to drive a new era of expansion. With a global R&D team of 200 engineers and over 200 patents, we focus on energy and water management, using AI for significant efficiency gains. Amid the COVID-19 pandemic, Computime adopted a region-to-region model, establishing manufacturing hubs in Malaysia, Vietnam, Mexico and Romania to enhance supply chain resilience and meet rising demand in the US and European markets. The Group’s Branded Business segment anticipates increasing demand in 2024, with plans to expand our Salus smart home product line. Financial strategies include tighter expense control, a headcount freeze, and improved material efficiency, aiming to boost profitability and cash reserves. Computime remains dedicated to leading in smart and sustainable living technologies, adhering to Matter standards for enhanced interoperability and user experience.

Mr. Bernard AUYANG, Chairman, Executive Director and Chief Executive Officer of Computime Group, commented, “As Computime celebrates its 50th anniversary, we reflect on our journey marked by innovation, resilience, and significant achievements. Our evolution from humble beginnings to a global leader in smart and sustainable living is a testament to our entrepreneurial spirit and unwavering determination. Looking ahead, we are committed to driving positive change through cutting-edge technologies and sustainable practices. Our vision is to democratize smart living, empowering communities worldwide to lead more connected, efficient, and environmentally conscious lives. With a steadfast commitment to excellence, integrity, and social responsibility, we are ready to shape the future for generations to come.”

[1] Excluding the specific inventory provision for Malaysia

[2] Excluding one-off gain on valuation of HK$7.0 million in the current year and the additional inventory provision for the Group’s Malaysia operation of HK$54.9 million in last year

View original content:https://www.prnewswire.com/apac/news-releases/computime-announces-fy2324-annual-results-302185500.html

SOURCE Computime Group Limited

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A future of reproductive medicine where humanity and trust sit in harmony with spectacular advances in artificial intelligence

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SINGAPORE, May 3, 2025 /PRNewswire/ — Artificial intelligence, or AI, is transforming our lives in dynamic and challenging ways, including the ability to create life.

In assisted reproduction, AI and automation tools have taken fertility specialists to new frontiers in precision, efficiency and personalisation with the technology beaming with promise for patients striving for parenthood.

However, a world leader in reproductive medicine has warned of the dangers of “racing ahead of the rules” as AI algorithms and codes create new dimensions in fertility health care.

Speaking at the 2025 Congress of the Asia Pacific Initiative on Reproduction (ASPIRE) in Singapore today, Professor Ying Cheong said human connection, trust, transparency and ethical responsibility must remain “at the heart of what we do” as fertility clinics increasingly embrace the technological wonders of AI.

She is Professor of Reproductive Medicine at the University of Southampton in the United Kingdom where her research interests include uterine health with interdisciplinary collaboration in electronics and computer science in the development of clinical tools.

“AI-driven tools offer promise through validation for example in optimising ovarian stimulation by predicting patient responses, reducing ovarian hyperstimulation risk, and improving oocyte yield,” Professor Cheong explained.

“Machine learning models assist in embryo selection with the aim of improving implantation rates and pregnancy success.

“Beyond the laboratory, AI and automation are streamlining fertility clinic workflows. Robotics-assisted micromanipulation, AI-enhanced incubators, and non-invasive preimplantation genetic testing (PGT) are advancing embryo assessment.

“Meanwhile, wearable biosensors and intrauterine devices are emerging as potential AI-integrated tools for real-time uterine monitoring.”

Yet, Professor Cheong said artificial intelligence in assisted reproduction posed a range of questions relating to:

trust in clinical tools;data privacy and patient consent;commercialisation, ownership and power; andregulatory and ethical parameters.

“AI tools require clinical validation across diverse populations, and ethical concerns around bias and decision-making must be addressed,” she said.

“The technology should complement, not replace clinical expertise ensuring a human-in-the-loop approach. With careful validation and ethical oversight, AI can improve accessibility, affordability and success rates in fertility treatment.”

Professor Cheong also highlighted the importance of building a social data ecosystem that allows data to be shared responsibly, securely and with full public transparency.

“Trustworthy AI starts with trustworthy data,” she explained. “That means models like a Social Data Foundation where patients, providers and researchers collaborate equally,’ she said.

“We need to be mindful of making access to advanced technology in reproductive medicine accessible for all, for example through open access AI platforms and public private partnerships.

“AI is here now, and we need to adapt fast. While it will transform our tools, it must not transform our purpose.

“In a world racing to build smarter machines, our greatest achievement will be remembering how to be better humans.”

Around 2,000 experts in fertility health, including scientists, clinicians, nurses and counsellors, are attending the ASPIRE Congress at the Suntec Convention and Exhibition Centre in Singapore. For more information, go to www.aspire2025.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/a-future-of-reproductive-medicine-where-humanity-and-trust-sit-in-harmony-with-spectacular-advances-in-artificial-intelligence-302445403.html

SOURCE Asia Pacific Initiative on Reproduction

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MeTime Healing Receives $125,000 Technology Innovation Grant to Advance AI-Powered Mental Health Platform

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Digital platform aims to reduce stigma, strengthen emotional resilience, and build community through culturally responsive mental health support

GAITHERSBURG, Md., May 2, 2025 /PRNewswire-PRWeb/ — MeTime Healing LLC, a behavioral health and wellness company based in Montgomery County, Maryland, has been awarded a $125,000 conditional grant from the Montgomery County Technology Innovation Fund to support the development of its AI-powered mental health support platform.

This grant will help us accelerate our mission of building inclusive, supportive communities through real-time digital tools designed for long-term well-being.

The platform, which emphasizes culturally sensitive care, aims to bridge critical service gaps for individuals experiencing behavioral health challenges by offering virtual peer support, emotional resilience training, and interactive self-help tools. Through its proprietary Triple-A approach—Accessibility, Affordability, and Adaptability—MeTime Healing seeks to create stigma-free spaces for healing and growth, particularly for underrepresented and underserved communities.

“Millions of people with behavioral health needs face persistent barriers to recovery, from social stigma to a lack of affordable, relevant support,” said Feri Naseh, MBA, Founder and CEO of MeTime Healing. “This grant will help us accelerate our mission of building inclusive, supportive communities through real-time digital tools designed for long-term well-being.”

The funding from Montgomery County will enable MeTime Healing to enhance its technology and expand its impact across the Washington, D.C. metropolitan region. The company’s innovative platform is designed to foster digital community connections and promote preventative behavioral health strategies tailored to diverse populations.

The Technology Innovation Fund reflects Montgomery County’s commitment to supporting scalable technology solutions with the potential to improve public well-being. The initiative provides early-stage funding to promising startups and businesses focused on addressing critical social needs through innovative platforms and products.

“On behalf of Montgomery County, Maryland, I wish to extend congratulations to MeTime Healing LLC for being awarded a $125,000 grant from the Technology Innovation Fund,” said Mark Elrich, county executive. “This grant program is a tangible demonstration of Montgomery County, Maryland’s commitment to its business community. I understand that this grant will facilitate the MeTime Healing & Wellness: AI-Powered Mental Health Support Platform project and enable MeTime Healing LLC’s further growth in Montgomery County, Maryland.”

For more information about MeTime Healing and its programs, visit www.metimehealing.com. To learn more about the Technology Innovation Fund and Founders Fund and to apply, visit www.fedtech.io/accelerators/mcg.

Media Contact

Feri Naseh, MeTime Healing, 1 301-200-2397, info@metimehealing.com, www.metimehealing.com

View original content to download multimedia:https://www.prweb.com/releases/metime-healing-receives-125-000-technology-innovation-grant-to-advance-ai-powered-mental-health-platform-302444779.html

SOURCE MeTime Healing

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CASEKOO Stuns at Hypebeast Flea with Creative DIY Experience and Funky Cultural Icons

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LOS ANGELES, May 2, 2025 /PRNewswire/ — CASEKOO, the tech accessories brand redefining the space where function meets fashion, made a bold impact at the Hypebeast Flea Market in Beijing this past month. Fusing art, style, and urban culture, CASEKOO transformed its booth into a creative playground where technology became a canvas for personal expression. At the center of the activation was an interactive DIY customization station, where visitors became designers, creating their own art phone cases. Using the brand’s signature Cushion series as a base, participants explored color palettes, textures, and visual elements to craft one-of-a-kind masterpieces. Each day, 10 standout designs were selected, and their creators received their customized phone cases as gifts—making the experience not only fun, but also meaningful.

When Street Art Meets Tech Canvas

Elevating the event’s artistic energy, renowned art collective ABS Crew hosted a live creation session, using CASEKOO’s clear Magic Stand cases as their canvas. With bold, expressive designs, they transformed everyday cases into funky iPhone masterpieces—blurring the line between street art and functionality, and turning tech accessories into captivating, wearable art.

The excitement continued when well-known rapper Bridge made a surprise appearance at the CASEKOO booth. A major figure in China’s music and streetwear scenes, Bridge mingled with fans and showed his support for the brand. His fearless fashion and authentic charisma perfectly matched CASEKOO’s bold identity and cultural edge.

The New Era of Wearable Expression

More than just a tech accessories brand, CASEKOO is a creative movement—redefining what a Magic Stand phone case can be. With a diverse range of cool phone cases and cool iPhone case designs, CASEKOO seamlessly blends functionality, protection, and style. The latest Pro version features full 360° rotation, offering unmatched flexibility to support your phone at any angle. Each product is a statement piece, empowering users to express their individuality with confidence.

CASEKOO’s participation in the Hypebeast Flea was more than a product showcase—it was a celebration of community, creativity, and collaboration. Through partnerships with artists, musicians, and tastemakers, the brand continues to push boundaries and shape the future of fashion-tech culture.

To explore CASEKOO’s latest collections and discover upcoming creative experiences, visit www.casekoo.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/casekoo-stuns-at-hypebeast-flea-with-creative-diy-experience-and-funky-cultural-icons-302439459.html

SOURCE CASEKOO

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