BEIJING, Mar 16, 2020 – (ACN Newswire) – NIU Technologies ("NIU"; NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, announced financial results for the fourth quarter and full year ended December 31st, 2019.
Revenues and Net Income Grow Four Consecutive Quarters
Driven by the increased sales volume up 13.5% and increased revenues per e-scooter up 10.5%, revenues for the fourth quarter of 2019 reached RMB 536.1 million, an increase of 25.4% YoY. The fourth quarter 2019 was profitable with net income of RMB 60.7 million, compared with a net loss of RMB 32 million in the fourth quarter 2018. The company has now been profitable for four consecutive quarters.
For the full 2019 financial year, NIU's net revenues were RMB 2.0763 billion, an increase of 40.5%, which was mainly driven by increases in e-scooter sales volume of 24.1% and net revenues per e-scooter of 13.2%. China represented 85.1% of net revenues from e-scooter sales, and overseas markets represented 14.9%. The full year's net income was RMB 190.1 million, which is an increase of RMB 539.1 million from a net loss of RMB 349 million in 2018.
Continued Growth Across Overseas Market
As a leading provider of smart urban mobility solutions, NIU has been improving its products and building further growth in overseas markets.
In December 2019, NIU's new manufacturing facility in Changzhou commenced operation. The new facility covers about 75 acres and has a designed capacity of 700,000 units per annum. In the fourth quarter of 2019, NIU's international sales network expanded to 29 distributors covering 38 countries.
In addition, in January 2020, NIU launched two new products, the RQi-GT and TQi-GT. The RQi-GT is NIU's first urban performance electric motorcycle and the TQi-GT is NIU's first electric three-wheeler vehicle.
So far, global users of NIU have exceeded 1 million with a cumulative rider distance of 4.5 billion kilometers. NIU has also contributed to cumulative carbon emission reductions of 1.14 million tons, which is the equivalent to planting 57 million Saxaul. It demonstrates NIU's commitment to corporate social responsibility and "providing more convenient and environmentally friendly transformative urban travel transportation for global users".
The company has been monitoring the Coronavirus pandemic very closely. Since the restart of operations, NIU has implemented safety measures such as daily disinfection of retail locations, factories and corporate offices to ensure the well-being of our customers and employees. The company is also aware of the potential economic damage towards the global economy and the confidence of consumers. NIU has implemented new campaigns to expand its online sales by working with online retail partners in both China and overseas market.
Dr. Yan Li, CEO of NIU said "we delivered solid revenue growth and improved gross margin. The Company continued to operate profitably. We are very excited about the growth perspective of our business and are committed to expanding our production capacity to meet the increasing demand. We look forward to sustaining the growth of our business."
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Tag: Transportation/Logistics
ZALL Sources Medical Supplies from Across Asia to Fight the Coronavirus in Wuhan and Hubei
SINGAPORE, Mar 2, 2020 – (ACN Newswire) – ZALL Smart Commerce Group (ZALL), the premier e-commerce group in Asia, is leading the charge to donate medical supplies and humanitarian aid to the field hospitals and quarantine facilities in Hubei and Wuhan as the battle against the coronavirus (2019-nCoV) outbreak continues.
To date, ZALL has provided six air cargo shipments of quality medical supplies, including masks, protective clothing, goggles, gloves and disinfectants, sourced from Asian countries including Cambodia, India, Japan and the Philippines for the equivalent of RMB60 million (S$11.9 million).
Mr Peter Yu, ZALL Deputy Chief Executive said, "We were the first company to react to the shortage of medical resources in Wuhan, mobilizing partners across the Asian region to deliver emergency medical supplies including 3.2 million facemasks and 210,000 of medical protective clothing on 26 January, within 48 hours of the city's lockdown, tapping our global end-to-end supply chain networks and resources in Asia."
On the ground, ZALL partnered with local healthcare to set up seven emergency hospitals and two quarantine field facilities in Wuhan and Hubei, comprising of 7,500 beds to alleviate the severe hospital bed shortage at the epicentre, and donated 10 new negative-pressure ambulances to transport coronavirus patients.
Since the lockdown, all flights and passenger train services from Wuhan have been cancelled and stopped, while intra-city transport such as buses, subways, and ferries have been suspended. The Hubei government has further imposed a ban on vehicle transport across the province to curb the spread of the virus.
Despite these restrictions, ZALL was able to secure the assistance of governments, embassies and civil aviation authorities in China, Cambodia and Japan, designating green lanes for expedited customs clearance, and arrange air cargo shipments for the emergency medical deliveries to Hubei and Wuhan.
"We have our eyes on global supply chains, and our immediate efforts have been to provide assistance to areas where we are seeing the greatest shortages in medical aid and equipment. We have been working with best efforts to alleviate the crises," added Mr Yu.
ZALL incorporates environmental and social sustainability as part of its long-term growth strategy, and has invested in a number of sustainable development initiatives across the region. These include building schools to provide equal access to quality education, supporting the breeding of critically endangered species to protect terrestrial ecosystems and biodiversity, investing in clean and affordable energy to tackle climate change, and digital banking to cater to the underserved SMEs and retail customers in Asia.
Since 2018, ZALL has invested in four projects in Singapore, including the Commodities Intelligence Centre (CIC), Singapore's first physical commodity eTrading platform (B2B) powered by blockchain technology; ZMA Smart Capital, an online trade finance company; ZALL Chain Technology, a blockchain solutions company; and the recent application for the Singapore digital banking licence. Through these and future initiatives, ZALL hopes to contribute to the development of digital finance, blockchain solutions and the trading ecosystem in Singapore.
[1] Seven emergency hospitals and two quarantine facilities: ZALL Changjiang Emergency Hospital; ZALL Jianghan Emergency Hospital; ZALL Dabieshan Emergency Hospital; ZALL Panlong Cheng Emergency Hospital; ZALL Luotian Emergency Hospital; ZALL Jingjiang Emergency Hospital; ZALL Suizhou Emergency Hospital; ZALL (Wuhan Keting) Quarantine Facility; Wuhan International Exhibition Centre ZALL (Jianghan) Quarantine Facility.
[2] ZALL donated RMB60 million towards building the Sanli Fan Dehe Primary School with 36 classes for over 1,500 students in support of access to quality education.
[3] ZALL supports the breeding program of the Aythya Baeri (Baer's Pochard), a critically endangered diving bird, to protect terrestrial ecosystems and biodiversity. Only 1,000 remain globally, of which 300 gather in Wuhan.
[4] ZALL invests in affordable and clean energy, cooperating with mining companies such as Indonesia's PT AME, to enable independent power plants to generate less coal ash and comply with global emissions standards through clean coal technology. ZALL further facilitated the shift towards clean energy with the international procurement and distribution of LNG in China through Singapore.
[5] ZALL operates Z-Bank, a digital bank in China which supports more than 12 million SMEs and retail customers (as of 12/2019). The Group currently leads a consortium for the digital bank license in Singapore.
About ZALL Smart Commerce Group Ltd
ZALL (2068.HK) is Asia's leading business-to-business ( B2B ) e-commerce group, with a footprint wrapping the globe. ZALL is engaged in businesses across many sectors, including the property development of wholesale trade centres; hotels, exhibition and tourism; port construction and operation, port and warehouse leasing, logistics services and supply chain management and trading services; e-commerce platforms; and digital banking business.
ZALL develops and operates Asia's largest B2B offline-to-online trade ecosystem, in China / Southeast Asia / Singapore, with more than 30 B2B platforms across China, US and Singapore, and a GFA of more than 10 million sqm of wholesale trade centres in China. In 2018, ZALL achieved a GMV of more than RMB 600 billion (US$85.2 billion), serving over 1 mil SME customers worldwide. For more information, please visit http://en.zallcn.com/
Media enquiries:
PRecious Communications for ZALL Smart Commerce
Email: ZALL@preciouscomms.com
Phone: +65 6303 0567
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PT Hutama Karya exceeds forecasts, reports 43% increase in profits
JAKARTA, Feb 12, 2020 – (ACN Newswire) – State-owned construction company PT Hutama Karya (Persero) reported solid financial performance through the third quarter ended September 2019, according to the company's unaudited financial statements. Hutama reported net profit of Rp 2,101 trillion, an increase of 43% from the third quarter 2018, and no less than double the September target set last year, and a full 95% of the annual profit target. This achievement was driven by streamlined work flows, efficiencies in procurement and general business innovation, leading to cost of sales decreasing 82%.
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"By the end of 2019, Hutama Karya had finished constructing 469.5 km of the JTTS (Trans-Sumatra Toll Road), with 373 km of the highway fully toll operated, including the 140 km Bakauheni-Terbangi Besar section, the 189 km Terbangi Besar-Pematang Panggang-Kayu Agung section, and the 13 km Medan-Binjai and 22 km Palembang-Indralaya sections. Meanwhile, the 74 km Sigli-Banda Aceh section and 131 km Pekanbaru-Dumai sections 1-6 are presently under construction," said President Director of Hutama Karya, Bintang Perbowo.
Bintang says that Hutama Karya hopes to finish construction of the Trans-Sumatra Toll Road by 2024 and is ready to work on other national strategic projects. "To finish the construction of Trans-Sumatra for 2024, Hutama Karya requires some Rp460 trillion of total investment. Through September 2019, the company's Gross Gearing Ratio was 0.67, with 2.25 of the debt covenant. So the company still has a room to add sources of funding," Bintang says.
In order to fulfill the loan portion as one of the funding sources, Hutama Karya is planning to issue a global bond in the near future. "We are currently preparing for the Global Ratings process and other permissions," adds Bintang.
Hutama Karya was assigned by the government to develop and operate the 24-section 2,769 km Trans-Sumatra Toll Road, connecting Aceh Province with Lampung Province. Currently, there are 12 priority sections being constructed, which are expected to boost the regional as well as national economy. This mega project also makes Indonesia part of the Asian Highway Network, the land transportation network with 141,000 km international standard highways that passes through 32 countries in Asia and Europe.
The Indonesian government assigned the construction with good reason. "The government intends to maximize the natural resource potential by industrial down-streaming, which will accelerate regional and national economic growth; making Sumatra a new growth engine for Indonesia," Bintang continues.
"The existence of Trans-Sumatra will provide many logistical as well personal benefits in Sumatra due to shorter travel time, which will reduce the logistics costs for local products, as well as natural resources and other resources which can be distributed faster with affordable cost. The priority is to expedite the mobility of goods and people, such as from Aceh to Belawan Port, Medan and Kualanamu International Airport, which will boost the tourism industry, increase the commuter flow in Stabat-Binjai-Medan, and reduce the congestion in Medan."
One of the most important indicators for measuring the success of the Trans-Sumatra Toll Road will be the regional development of Sumatra after the integrated infrastructure has been built. "We are anticipating the Sumatra region to attract commercial and industrial projects. Our studies identify at least 84 planned infrastructure projects in the non-property segment around Trans-Sumatra, comprising industrial areas, airports, ports, streets and bridges, irrigation and dams, and energy and rail projects," Bintang said.
PT Hutama Karya (Persero)
Muhammad Fauzan, Corporate Secretary
Media enquiries:
Intan Zania, Corporate Communication
Phone: +82 21 810 3708 ext.504
Email: Intan.Zania@hutamakarya.com
Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com
2,000+ Industry Experts Gather to Assess at the Future of Thailand’s Road Transportation and Infrastructure
THAILAND, Feb 4, 2020 – (ACN Newswire) – On 12 & 13 February at BITEC, Bangkok, the inaugural Roads & Traffic Expo Thailand will bring together Thailand's entire road transportation and infrastructure ecosystem to discuss new strategies and innovations to help get Thailand moving. The Thai government has already unveiled one of the world's most significant 20-year National Transport Infrastructure Investment Plan 2017-2036 which is setting the stage for two exciting days of networking and debate.
Sharon Roessen, Managing Director at Terrapinn Asia, said, "The Thailand government has a very ambitious plan to get the country moving and they are investing heavily in both infrastructure and technology to help solve the country's mobility issue. The Roads & Traffic Expo Thailand is perfectly timed to help accelerate the adoption of new solutions."
Opening the event with a government address on 12 February, Senior Representative from the Ministry of Transport will be addressing Thailand's "National Transportation Infrastructure Investment Plan 2017-2036". Following the government address, Passakorn Prathombutr, Senior Executive Vice President, Digital Technology and Innovation Development, Digital Economy Promotion Agency will be sharing more about enabling smart mobility in smart city Thailand.
In the afternoon, building further on the theme of connectivity, Tanachai Lorapibankul, Director of International Cooperation Division, Department of Rural Road who will be sharing his expertise in developing Thailand's rural road for the future of transport connectivity. After which, Wanchai Yusang, Deputy Commander of Traffic Police Division, Royal Thai Police will address how can Thailand alleviate traffic problems through smart mobility adoption.
On 13 February, the keynote plenary will focus on the future of Thailand's infrastructural development. Tanasak Wongtanakitcharoen, Deputy Director, Intercity Motorway and Apichai Itsariyanukul, Specialized Civil Engineer, Department of Highways will kickstart the session looking at Thailand's Motorway Development Masterplan. Joining them is Thailand's infrastructure development expert, Narit Therdsteerasukdi, Deputy Secretary General, Thailand Board of Investment who is bringing his expertise on how to invest in Thailand's infrastructure development.
Later in the afternoon, Salminen Karri, Chairman of the Board, ITS Finland will be sharing his international perspective on mobility as a service-new way to move. Building on the theme, Sorawit Narupiti, President, ITS Thailand will be moderating a panel discussion on CAV connected & automated vehicles. Joining his panel are experts from Siri Venture, Department of Rural Roads and Department of Science Services.
In addition to the visionary keynotes, more than 120 inspirational speakers will share their insights across seven free-to-attend tracks covering infrastructure developments in roads, tunnels & bridges, smart cities & smart mobility, traffic management, road safety & monitoring, urban transportation, electric vehicles and parking.
Additional feature speakers at The Roads & Traffic Expo Thailand include:
– Dumkerng Pankham, Deputy Governor, Expressway Authority of Thailand
– Manat Aroonvatanaporn, Director of Research and Development Department, Metropolitan Electricity Authority
– Jumpoj Wannachatrasiri, Director General, Research and International Cooperation Bureau Department of Disaster Prevention and Mitigation (DDPM)
– Songrit Chayanan, Deputy Director, Bureau of Highway Safety Department of Highways
– Tananchai Mekpraserdwanich, Director of Policy and Planning Division – Traffic and Transport Department, Bangkok Metropolitan Administration
– Sujin Mangnimitr, Director, Bureau of Highway Safety, Department of Highways
– Sathit Krongsut, Director of Research and Innovation Division, Electricity Generating Authority of Thailand
– Manat Aroonvatanaporn, Director of Research and Development Department, Metropolitan Electricity Authority
– Chai Wutiwiwatchai, Executive Director, National Electronic and Computer Technology Center
– Carolin Capone, Project Director of transport & Climate change in ASEAN, GIZ Thailand
– Jyoti Bisbey, Lead Infrastructure Financing and Economics Officer, United Nations
– Aurora Unnanuntana, Director of Payment Systems Policy Department, Bank of Thailand
– Polchak Nimwatana, Director, State Enterprise Policy and Planning Bureau
– Kazumasa Sanui, Chief Advisor of Improving Logistics System of Cambodia Project, JICA
– Peter Galli, Vice President of Communications, Nissan Motor Thailand
Taking place alongside the conference sessions, the exhibition will feature a showcase of the latest road transportation and infrastructure technologies and solutions by over 80 industry players and up-and-coming start-ups. Some of the exhibiting companies include: AIS, Kapsch, Q-Free, Cleanozone, Citilabs, Metrocount, Avery Dennison, FLIR, Trinity Highway, Tanattorn and more
The Roads & Traffic Expo Thailand is made possible through the partnership with key government agencies including Ministry of Transport, Department of Highways, Digital Economy Promotion Agency, National Science and Technology Development Agency, Ministry of Energy, Expressway Authority of Thailand, Electricity Generating Authority of Thailand, Metropolitan Electricity Authority, Provincial Electricity Authority, Ministry of Higher Education, Science, Research & Innovation, Thailand Convention & Exhibition Bureau, as well as our valued sponsors AIS, Kapsch, Q-Free, and Cleanozone
The two day, free-to-attend conference and exhibition is expected to gather over 2,000 road transportation and infrastructure stakeholders from Thailand and beyond. For more information and registration, visit: www.terrapinn.com/roadstrafficexpothailand.
About The Roads & Traffic Expo Thailand
Date: 12-13 February 2020
Conference & Exhibition opening hours: 9:00 a.m. – 5:30 p.m.
Venue: BITEC, Bangkok, Thailand
Website: www.terrapinn.com/roadstrafficexpothailand
About Terrapinn
Terrapinn events inspire and transform business.
We've been sparking ideas, innovations and relationships that transform business for over 30 years. Using our global footprint, we bring innovators, disrupters and change agents together, discussing and demonstrating the technology, strategies and personalities that are changing the way the world does business.
Terrapinn – spark something.
Note: Press registration for the conference is compulsory and advance scheduling for speaker/ sponsor interviews is recommended. Press passes are strictly reserved for reporters, journalists, editors only. Final issuance of press passes is subjected to Terrapinn's discretion. For your complimentary press pass, please contact the following:
Yeo Zi Sing
Marketing Executive
Terrapinn Pte Ltd
Tel: +65 6322 2725
Email: zising.yeo@terrapinn.com
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