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JX Luxventure Signs Blockbuster USD100,000,000 (3X 2023 Revenue) Sales Agreement

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HAIKOU, China, July 2, 2024 /PRNewswire/ — JX Luxventure Limited (Nasdaq: JXJT) (the “Company”), a technology company engages in integrated tourism services, including tourism, duty-free cross-border goods, and comprehensive e-commerce technology solutions, today announced that, on July 1, 2024, Jinxuan (Hainan) Holding Group Co., Ltd (“JX Hainan”), a subsidiary of the Company, entered into and executed a Cooperation Agreement (the “Agreement”) with Tianjin Zhongsheng United Automobile Trading Co., Ltd.  (“Tianjin Auto Trading”).  We anticipate that, based on this collaboration, pursuant to the Agreement, Tianjin Auto Trading will market and sell to customers high-end foreign luxury automobiles supplied by JX Hainan in the amount not less than USD100,000,000.

Ms. Sun “Ice” Lei, Chief Executive Officer of the Company, commented: “Since I was appointed as the Company’s CEO in 2020, the Company has drastically changed its business model, proving it can achieve high revenue growth and profitability. This partnership not only keeps the Company on track for high revenue growth but also maintains a healthy profit margin. Moreover, it combines Jinxuan’s international automotive procurement expertise with Tianjin Auto Trading’s robust Chinese sales platform. We believe that this combination will efficiently bring more luxury vehicles into the growing Chinese market and deliver an exceptional customer experience. We are delighted that we received access to the most desirable luxury brands and models. Working alongside Tianjin Auto Trading’s extensive sales reach and new media expertise, we are optimistic that these premium vehicles seamlessly reach excited customers across China, providing premium logistics, financing solutions, and other services. This synergistic relationship will create tremendous value on both sides as we introduce more Chinese consumers to the world’s finest automobiles.”

About JX Luxventure Limited

Headquartered in Haikou, China, JX Luxventure Limited is a technology company engages in integrated tourism services, including tourism, duty-free cross-border goods, and comprehensive e-commerce technology solutions.  To learn more about the Company, please visit its corporate website at https://www.jxluxventure.com/en/

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of JX Luxventure Limited, and its subsidiary companies. All statements, other than statements of historical fact included herein, are “forward-looking statements” in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

View original content:https://www.prnewswire.com/news-releases/jx-luxventure-signs-blockbuster-usd100-000-000-3x-2023-revenue-sales-agreement-302187770.html

SOURCE JX Luxventure Limited

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Saab Q1 results 2025: Growing in a dynamic market reality

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STOCKHOLM, April 25, 2025 /PRNewswire/ — Saab presents the results for January-March 2025.

“We had a solid start to the year with sales growth across all business areas and delivered Saab’s strongest first quarter to date. Fully committed to contributing to the European defence build-up, we will continue to develop in line with our growth plans and capture market opportunities by focusing on customer deliveries and investing in capacity to meet the high demand,” says Micael Johansson, President and CEO, Saab.

Key highlights Q1 2025

Order intake for the first quarter increased to SEK 19,144m (18,495), driven by small and medium-sized orders.Sales in the quarter amounted to SEK 15,792m (14,185), which corresponded to an organic sales growth of 11% (24).EBITDA increased to SEK 2,140m (1,819) with an EBITDA margin improvement to 13.6% (12.8) in the quarter.EBIT increased 22% and amounted to SEK 1,454m (1,191), corresponding to an EBIT margin of 9.2% (8.4).Net income increased to SEK 1,277m (784) and earnings per share amounted to SEK 2.35 (1.43), an increase of 64%.Operational cash flow improved and amounted to SEK -14m (-1,998), driven by strong cash flow in Dynamics, offset by increased investments and timing of customer payments.Net liquidity position at the end of the period was SEK 2,196m compared to SEK 2,211m at year-end 2024.The AGM 2025 decided on a dividend of SEK 2.00 (1.60) per share for the financial year 2024.

Presentation of Saab’s Q1 2025 results 

Saab’s CEO and President Micael Johansson and CFO Anna Wijkander will present the results.

Date: Friday 25 April at 10.00 a.m. (CEST)

You are welcome to watch the live webcast or dial in to the conference call. It is possible to submit questions over the conference call and from the webcast page.

Live webcast: www.saab.com/investors/webcast/q1-2025 

Registration for conference call: www.saab.com/investors/conference-call-q1

The interim report, presentation material and webcast will be published on www.saab.com/investors.

Contacts:
Mattias Rådström
Head of Media Relations 
+46 (0)734 180 018
presscentre@saabgroup.com

Merton Kaplan
Head of Investor Relations
+46 (0)734 182 071
merton.kaplan@saabgroup.com

Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 25,000 talented people, Saab constantly pushes the boundaries of technology to create a safer, more sustainable and more equitable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.

The information is such that Saab AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 25 April 2025 at 07.30 (CEST).

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/saab/r/saab-q1-results-2025–growing-in-a-dynamic-market-reality,c4140232

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SOURCE Saab

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ASSA ABLOY acquires Door System in Denmark

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STOCKHOLM, April 25, 2025 /PRNewswire/ — ASSA ABLOY has signed an agreement to acquire Door System, a Danish manufacturer of high-quality fire rated doors with particular expertise in the pharmaceutical, food and retail industries.

“I am very pleased to welcome Door System to ASSA ABLOY. This acquisition delivers on our strategy to add complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY.

“I am delighted that Door System will join the EMEIA Division. Their strong expertise in high-quality fire rated doors aligns well to our door segment vision, providing exceptional combined fire-rated, freezer and hygienic door solutions across industries through focus on innovation and excellence. We welcome the team at Door System to the ASSA ABLOY family,” says Neil Vann, Executive Vice President of ASSA ABLOY and Head of EMEIA Division.

Door System was founded in 1998 and has some 80 employees. The main office and factory are located in Hørning, Denmark.  

Sales for 2024 amounted to about MDKK 125 (approx. MSEK 190) with a good EBIT margin. The acquisition will be accretive to EPS from the start.

The acquisition is subject to customary closing conditions and is expected to close during the second quarter of 2025.

For more information, please contact:

Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: bjorn.tibell@assaabloy.com 

About ASSA ABLOY
ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 63,000 employees and sales of SEK 150 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/assa-abloy/r/assa-abloy-acquires-door-system-in-denmark,c4140231

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View original content:https://www.prnewswire.co.uk/news-releases/assa-abloy-acquires-door-system-in-denmark-302438141.html

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Supporting Data+AI Integration: Tencent Cloud Big Data-Data Lake Compute (DLC) Achieves 70% Cost Reduction

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SHENZHEN, China, April 25, 2025 /PRNewswire/ — Under the Data+AI convergence trend, Lakehouse represents the core evolution direction for big data platforms. Tencent Cloud Big Data-Data Lake Compute (DLC) is an open, unified cloud-native Serverless Lakehouse data warehousing and analytics service. It features cloud-native storage-compute separation, lake format governance, deep optimizations for Iceberg, unified metadata management, and machine learning training support, enabling enterprises to build agile Data+AI Lakehouse platforms. DLC has helped a leading Southeast Asian retail conglomerate reduce data platform and machine learning costs by 70%.

Core Challenges

Separated Resources: Big data and AI required isolated infrastructure investments with no resource sharing.Data Movement Overheads: Data silos between Data and AI systems caused latency and additional costs.

DLC Solution

Tencent Cloud’s one-stop intelligent platform WeData, powered by Data Lake Compute (DLC), delivers an integrated DataOps+MLOps platform solution enabling:

Seamless Experience: Unified development for both data analytics and ML workflowsCost Efficiency: 70% cost reduction through shared compute resources for Data+AI workloadsAI Innovation Acceleration: Rapid deployment of GenAI applications via unified data governance

Key Features

Unified Engine: Supports data engineering and ML training (Scikit-Learn, PyTorch, TensorFlow)Meson Engine: Proprietary high-performance engine delivering 2x faster processing than open-source SparkDynamic Resource Allocation: Flexible resource groups for data engineering, interactive analytics, and ML tasks

Business Value

DLC integrates data engineering, SQL analytics, and machine learning into a unified platform with industry-leading cost-effectiveness. The solution has already enabled a Southeast Asian retail leader to achieve 70% TCO reduction across data and ML infrastructure.

#Tencent Cloud Big Data #Data Lake Compute

View original content:https://www.prnewswire.com/apac/news-releases/supporting-dataai-integration-tencent-cloud-big-data-data-lake-compute-dlc-achieves-70-cost-reduction-302438142.html

SOURCE Tencent Cloud

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