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- Nissin Foods Announces 2026 Interim ResultsFinancial Highlights For the six months Ended 30 June 2026 (HK$ million) 2026 2025 Change Revenue 2,071.0 2,014.2 +2.8% Gross Profit 731.0 677.0 +8.0% Gross Profit margin 35.3% 33.6% +1.7pp Profit attributable to owners of the Company 175.2 157.0 +11.6% Net profit margin 8.5% 7.8% +0.7pp Adjusted EBITDA 330.8 303.2 +9.1% Earnings per share (HK cents) 16.79 15.05 +11.6% HONG KONG, August 25, 2026 - Nissin Foods Company Limited (“Nissin Foods” or the “Company”, together with its subsidiaries, the “Group”; Stock code: 1475) has announced its interim results for the six months ended 30 June 2026 (“the reporting period”). During the reporting period, the Group delivered solid profit growth, primarily driven by the resilient performance of its instant noodle business. Revenue increased by 2.8% year-on-year from HK$2,014.2 million in 2025 to HK$2,071.0 million in 2026, reflecting continued momentum in its core instant noodle business and broader store coverage in the Chinese Mainland. Gross profit increased by 8.0% year-on-year from HK$677.0 million to HK$731.0 million. Gross profit margin improved by 1.7 percentage points from 33.6% year-on-year to 35.3%, driven primarily by the continued expansion of the higher-margin core instant noodle business, the effective execution of raw material procurement strategies which helped mitigate the impact of raw material price volatility, and improved production efficiency. Profit attributable to owners of the Company increased by 11.6% from HK$157.0 million in 2025 to HK$175.2 million in 2026, representing a net profit margin of 8.5% for the period. The Group’s basic earnings per share increased from 15.05 HK cents to 16.79 HK cents for the period. Adjusted EBITDA increased by 9.1% from HK$303.2 million to HK$330.8 million, representing the Adjusted EBITDA margin of 16.0% for the period, reflecting improved profitability at the operating level. Review and Prospects of Different Business Regions During the reporting period, revenue from the Hong Kong and other regions operations remained stable, increasing by 0.2% to HK$793.5 million (2025: HK$792.3 million), mainly attributable to the continued steady performance of the instant noodle business in the Hong Kong market and increased demand in other regions. Revenue from Chinese Mainland operations increased by 4.5% (in local currency: -0.1%) to HK$1,277.5 million (2025: HK$1,221.9 million), mainly attributable to the increased sales volume of instant noodles and the positive impact of foreign currency translation. In Hong Kong, the instant noodles business delivered steady growth, driven by the resilient performance of flagship brands including Demae Iccho, Hokkaido Iccho, Cup Noodles and Cup Noodles BIG. To further enrich its instant noodle portfolio, the Group introduced a range of new SKUs, such as Nissin Stir Cup Noodles Seafood Flavour Instant Noodle and Nissin Viet Signature Beef Flavour Pho Noodle, and Demae Iccho Scallop and Salt Soup Flavour Instant Noodle. Continuing its IP promotion strategy, the collaboration with Japanese virtual singer “Hatsune Miku” also enhanced brand awareness and strengthened engagement with younger consumers. As for non-noodle business, the Group expanded its premium frozen food portfolio with the launch of the “Doll Dim Sum” series. The Group also introduced a series of limited-edition products to capture seasonal demand and drive sales. Meanwhile, health-focused products, including the Hong Kong-made Nissin Granola and fresh-cut vegetable, continued to gain popularity, reflecting the Company’s commitment to health and wellness. In May 2026, the Group entered into a strategic partnership with Itochu Hong Kong Limited through a joint investment in Nissin Marketing and Sales (H.K.) Limited, which is expected to support the long-term development and competitiveness of the distribution business in Hong Kong and the Chinese Mainland. In other regions, the Company continued to strengthen its presence in Vietnam with a focus on the youth segment to support instant noodles brand growth and market penetration. In Korea, Gaemi Food’s business performance was stable during the period, with the strategic focus on the expansion of its e-commerce business, enhancement of consumer engagement through “KEMY Mall”, and continuous product innovation. Gaemi Food continued to expand its presence in overseas markets including Hong Kong, Vietnam, and Taiwan. In Australia, ABC Pastry recorded stable performance supported by the launch of a range of new premium products. Australia Nissin also maintained solid business momentum during the period, driven by increased sales of instant noodles across nationwide supermarket chains and Asian supermarket channels through ongoing market development efforts and product innovation. In the Chinese Mainland, the Group continued to advance its premiumisation strategy and strengthen its business foundation, while increasing instant noodle sales volume through broader market coverage and more diversified distribution channels. It upgraded select Cup Noodles products by increasing ingredient sizes to deliver an improved tasting experience for consumers. To further enrich its product line-up, the Company also introduced new products such as Nissin U.F.O. Singapore Chilli Crab Flavour, reinforcing its premium and innovative brand positioning. The Company continued its collaboration with the Japanese virtual singer "Hatsune Miku" to raise brand awareness and strengthen connections with consumers. As for the non-noodle business, the Company continued to strengthen its snacks, beverage and frozen food businesses through product innovation to address evolving consumer demand. Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, “Despite continuing market volatility and geopolitical uncertainties, the Group delivered solid profit growth in the first half of 2026. This was supported by broader market coverage and the resulting increase in sales volume of our flagship brands. These results reflect the resilience of our business model and the effectiveness of our strategic initiatives. Our premiumisation strategy, diversified product portfolio and disciplined cost management have further strengthened our capability to navigate changing market conditions. As we continue to expand our presence in Hong Kong, the Chinese Mainland and overseas markets, we remain focused on delivering quality products and strengthening our brands. We are committed to achieving sustainable long-term growth and creating value for our shareholders.” About Nissin Foods Company Limited Nissin Foods Company Limited ("Nissin Foods”, together with its subsidiaries, the “Group”; Stock code: 1475) is a renowned food company in Hong Kong and the Chinese Mainland, with a diversified portfolio of well-known and highly popular brands, primarily focusing on the premium instant noodle segment. The Group officially established its presence in Hong Kong in 1984 and is the largest instant noodle company in Hong Kong. The Group primarily manufactures and sells instant noodles, high-quality frozen food products, including frozen dim sum and frozen noodles, and also sells and distributes other food and beverage products, including retort pouches, snacks, mineral water, sauce and vegetable products under its two core corporate brands, namely “NISSIN” and “DOLL (公仔)” together with a diversified portfolio of iconic household premium brands. The Group’s five flagship product brands, namely “Cup Noodles”, “Demae Iccho”, “Doll Instant Noodle”, “Doll Dim Sum” and “Fuku” are also among the most popular choices in their respective food product categories in Hong Kong. In the Chinese market, the Group has introduced technology innovation through the “ECO Cup” concept and primarily focuses its sales efforts in first- and second-tier cities. In addition, Nissin Foods operates business in other regions including Vietnam, Taiwan, Korea and Australia markets. Nissin Foods is currently a constituent of five Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Composite SmallCap Index, Hang Seng Composite Industry Index - Consumer Staples, Hang Seng SCHK Consumption Index and Hang Seng SCHK Consumer Staples Index. Nissin Foods is eligible for trading under Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. For more information, please visit www.nissingroup.com.hk.
- Mech-Mind Launches IPO: Baillie Gifford Leads 9 Top Cornerstone Investors, HK$2.7B for AI R&D & Global CommercializationMech-Mind Robot (stock code: 09615.HK) today officially commenced its initial public offering, with a proposed price range of HK$95.30 to HK$101.70 per share and an offering of approximately 23.14 million shares. Should the over-allotment option be exercised in full, the maximum gross proceeds could reach HK$2.706 billion. The offering has attracted a stellar cornerstone investor line-up, led by Baillie Gifford, the century-old Scottish asset management giant renowned for its long-term holdings in technology leaders such as Tesla and Nvidia. Other participating cornerstone investors include Taikang Life, a leading Chinese insurance asset manager; Jane Street, the legendary quantitative trading firm on Wall Street; Golden Link, the industrial capital arm of BYD; as well as Invus, Ghisallo, Ruihua, NGS Super Fund, and E Fund, among other well-known institutions. Standardized Robot “Eye-Brain-Hand”: Global Market Share Ranked First for Four Consecutive Years by a Dominant Margin Mech-Mind focuses on providing robots with a complete closed-loop execution system comprising “eyes” (3D vision), “brain” (AI decision-making), and “hands” (dexterous manipulation). The Company is committed to leveraging standardized, universal product components to break the long-standing industry challenge of high-cost, hard-to-replicate customized solutions. With highly standardized hardware and software suites, its products offer exceptional versatility and reusability, enabling flexible adaptation to diverse industrial scenarios, including automotive, new energy, consumer electronics, education, and general manufacturing. According to CIC Report, in 2025 Mech-Mind ranked first in the global AI + 3D vision-guided non-specialty intelligent robot component market with a market share of approximately 22.1% (revenue of approximately RMB389 million), with its revenue scale nearly 2.6 times that of the second-placed player (8.5%). In terms of shipment volume, the Company captured a 27.5% market share, exceeding the combined total of the next four manufacturers. Mech-Mind ranked first in the China, Japan, and North American markets, and also held a leading position in Southeast Asia, Europe, and South Korea, maintaining the No.1 global market share for four consecutive years. As of March 31, 2026, Mech-Mind has served more than 100 Fortune Global 500 companies in total, with over 29.000 units deployed globally, covering more than 50 different application scenarios across dozens of industries, and capable of handling over 100,000 types of goods. Its client portfolio encompasses global manufacturing giants including CATL, BYD, Midea, Foxconn, Toyota, Volkswagen, and suppliers within Tesla’s supply chain. The Company maintains exceptionally high customer retention. Revenue contribution from existing customers accounted for 78% of total revenue in 2025, and further increased to 86% as at March 31, 2026. Its products are deeply integrated into customers’ production processes, resulting in significant switching costs and underpinning long-term growth momentum. Furthermore, leveraging an extensive, efficient network comprising 1,369 system integrators across the globe, the Company serves end customers in close to 50 countries and regions. Robust Financial Growth: Gross Margin Surges to 64.6% with a Clear Profitability Path Financial data indicates that Mech-Mind is in a critical phase of rapid growth with markedly improved profitability quality. From 2023 to 2025, the Company’s revenue surged from RMB181 million to RMB389 million, representing a compound annual growth rate (CAGR) of 46.6%. In the first quarter of 2026, revenue jumped 73.1% year-on-year to RMB107 million, demonstrating robust resilience amid slowing investment across the global manufacturing sector. Driven by the realization of economies of scale, supply chain cost optimization and an increased revenue share from overseas markets with favorable gross margin profile, the Company’s gross margin rose substantially from 39.1% in 2023 to 51.1% in 2024, further climbing to 64.6% in 2025, and hitting 64.8% in the first quarter of 2026. In terms of gross profit, it registered a year-on-year increase of 94.5% in 2024, 82.8% in 2025 and 79.7% in the first quarter of 2026, demonstrating strong growth momentum. Excluding non-operating factors such as fair value changes in redemption liabilities, the Company’s adjusted net loss narrowed significantly from RMB334 million in 2023 to RMB214 million in 2024, and further declined to RMB109 million in 2025. The adjusted net loss stood at merely RMB33 million in the first quarter of 2026, representing a 14.6% year-on-year contraction with sustained sequential quarterly improvement, which points to a clear path toward profitability. Meanwhile, operating leverage continued to strengthen. The sales expense ratio dropped substantially from 102.7% in 2023 to 42.4% in the first quarter of 2026; the administrative expense ratio fell from 58.2% to 29.9%; and the R&D expense ratio declined from 65.6% to 36.0%. Product sales volume and customer base expanded in tandem. Sales of intelligent robotic guidance products increased from 3,654 units in 2023 to 5,852 units in 2024, reaching 8,268 units in 2025 and 2,412 units in the first quarter of 2026. The number of ordering customers for the respective periods grew from 509 in 2023 to 605 in 2024 and 625 in 2025, and hit 258 in the first quarter of 2026. Globalization Gathers Pace: Over Half of Revenue Generated Overseas, Spanning Around 50 Countries and Regions Breakthrough progress in overseas markets has become a key pillar for Mech-Mind’s value rerating. Between 2023 and 2025, revenue from overseas customers rose from RMB58.6 million to RMB196 million, representing a CAGR of approximately 83%, well above the Company’s overall growth rate. In 2025, overseas markets contributed RMB196 million in revenue, accounting for 50.3% of total revenue — crossing the 50% threshold for the first time. Overseas gross profit also made up more than half of total gross profit, a clear reflection of the Company’s technical premium and pricing power. The Company embraced a globalization strategy from its early days. Back in 2019, it established its German subsidiary. To date, subsidiaries have been set up in the United States, Germany, Japan, South Korea and Hong Kong. More than ten business centers operate in Tokyo, Seoul, Chicago, Munich and other locations, with business footprint covering roughly 50 countries and regions and over 900 cumulative overseas customers served. The Company has obtained major international certifications, including FCC, CE, IC, UKCA, VCCI, KC and NRTL. Its overseas organization is structured across three major regions: AsiaPacific, Europe and the Americas. It is progressively moving into the phase of penetrating lowertier geographic markets and accelerating indepth local cultivation. Tsinghua-Founded Core Team & World-Class R&D Capabilities Mech-Mind was founded in 2016 by Shao Tianlan, an alumnus of Tsinghua University. Its founding team boasts top-tier technical expertise and a global vision. Shao Tianlan, founder and chief executive officer, earned his bachelor’s degree from the School of Software, Tsinghua University, followed by a master’s degree in robotics from the Technical University of Munich (Technische Universitat Munchen) in Germany. Fu Ao, co-founder and vice president of business, holds a bachelor’s degree from the Department of Precision Instrument and a master’s degree from the Department of Mechanical Engineering, Tsinghua University, and previously worked at ABB prior to co-founding the Company. Ding Youshuang, co-founder and vice president of R&D, obtained his doctorate from the Department of Electrical Engineering, Tsinghua University. Zhang Jianwei, Chief Scientist, is an International Member of the Chinese Academy of Engineering and a Member of the German National Academy of Engineering Sciences, a leading authority in intelligent robotics. As of March 31, 2026, the Company employed 229 R&D personnel, accounting for 36% of its total headcount. From 2023 to 2025, cumulative R&D expenditure represented 40.6% of total operating revenue over the period. As of the Latest Practicable Date, the Company held 162 invention patents, 152 utility model patents, 33 design patents and 70 software copyrights. Mech-GPT, its large multimodal model, was recognized by the World Economic Forum as World Economic Forum MINDS Programme. Blue Ocean Market Surges: Proceeds to Fuel AI R&D and Accelerate Global Commercialization From an industry perspective, global AI + 3D visionguided non-specialty intelligent robot component market is experiencing explosive growth. According to data from CIC, this market is expected to grow from RMB1.8 billion in 2025 to RMB10.6 billion in 2030, representing a CAGR of 43.2%, and is projected to further expand to RMB102.5 billion by 2035. Over the same period, the global non-specialty intelligent robot market is expected to grow from 590,000 units in 2025 to 2.25 million units in 2030, and reach 12.08 million units by 2035. As a specialist technology company applying for listing under Chapter 18C of the Listing Rules, Mech-Mind has crossed the critical watershed from technology validation to scaled commercialization. The Company possesses a stable and rapidly growing revenue base, a high gross margin level, and a clear path to profitability, standing in stark contrast to many technology enterprises that are still in the R&D-intensive stage and remain heavily reliant on external financing to sustain operations. Since its establishment, Mech-Mind has secured investments from a number of premier financial investors and industrial capital players. Under the Chapter 18C regime, the Company’s Pathfinder Sophisticated Independent Investor(s)” or “Pathfinder SII(s)” are Sequoia China and Qiming Venture Partners; its Other Sophisticated Independent Investor is Intel. In addition, Mech-Mind’s investor base also includes Meituan, IDG Capital, GIC, Source Code Capital, China Growth Capital, CICC-Porsche Fund, Coatue, among others. Through this IPO, the net proceeds will be precisely allocated to the following core strategic areas: approximately 31.8% for the continued enhancement of R&D investment (of which 14.6% for strengthening AI-centric software capabilities, 9.4% for optimizing core hardware competitiveness, and 7.7% for building scalable R&D infrastructure); approximately 29.4% for expanding global presence and accelerating commercialization (23.7% for overseas business development and 6.3% for domestic business expansion); approximately 25.2% or enriching product portfolios and broadening application scenarios (14.5% for the development of the next-generation “eye-brain-hand” solutions, and 10.7% for expanding into more scenarios such as services and households); approximately 5.0% for capacity expansion and operational efficiency improvement; and approximately 8.6% or working capital and general corporate purposes.
- Mech-Mind Launches IPO: Baillie Gifford Leads 9 Top Cornerstone Investors, HK$2.7B for AI R&D & Global CommercializationMech-Mind Robot (stock code: 09615.HK) today officially commenced its initial public offering, with a proposed price range of HK$95.30 to HK$101.70 per share and an offering of approximately 23.14 million shares. Should the over-allotment option be exercised in full, the maximum gross proceeds could reach HK$2.706 billion. The offering has attracted a stellar cornerstone investor line-up, led by Baillie Gifford, the century-old Scottish asset management giant renowned for its long-term holdings in technology leaders such as Tesla and Nvidia. Other participating cornerstone investors include Taikang Life, a leading Chinese insurance asset manager; Jane Street, the legendary quantitative trading firm on Wall Street; Golden Link, the industrial capital arm of BYD; as well as Invus, Ghisallo, Ruihua, NGS Super Fund, and E Fund, among other well-known institutions. Standardized Robot “Eye-Brain-Hand”: Global Market Share Ranked First for Four Consecutive Years by a Dominant Margin Mech-Mind focuses on providing robots with a complete closed-loop execution system comprising “eyes” (3D vision), “brain” (AI decision-making), and “hands” (dexterous manipulation). The Company is committed to leveraging standardized, universal product components to break the long-standing industry challenge of high-cost, hard-to-replicate customized solutions. With highly standardized hardware and software suites, its products offer exceptional versatility and reusability, enabling flexible adaptation to diverse industrial scenarios, including automotive, new energy, consumer electronics, education, and general manufacturing. According to CIC Report, in 2025 Mech-Mind ranked first in the global AI + 3D vision-guided non-specialty intelligent robot component market with a market share of approximately 22.1% (revenue of approximately RMB389 million), with its revenue scale nearly 2.6 times that of the second-placed player (8.5%). In terms of shipment volume, the Company captured a 27.5% market share, exceeding the combined total of the next four manufacturers. Mech-Mind ranked first in the China, Japan, and North American markets, and also held a leading position in Southeast Asia, Europe, and South Korea, maintaining the No.1 global market share for four consecutive years. As of March 31, 2026, Mech-Mind has served more than 100 Fortune Global 500 companies in total, with over 29.000 units deployed globally, covering more than 50 different application scenarios across dozens of industries, and capable of handling over 100,000 types of goods. Its client portfolio encompasses global manufacturing giants including CATL, BYD, Midea, Foxconn, Toyota, Volkswagen, and suppliers within Tesla’s supply chain. The Company maintains exceptionally high customer retention. Revenue contribution from existing customers accounted for 78% of total revenue in 2025, and further increased to 86% as at March 31, 2026. Its products are deeply integrated into customers’ production processes, resulting in significant switching costs and underpinning long-term growth momentum. Furthermore, leveraging an extensive, efficient network comprising 1,369 system integrators across the globe, the Company serves end customers in close to 50 countries and regions. Robust Financial Growth: Gross Margin Surges to 64.6% with a Clear Profitability Path Financial data indicates that Mech-Mind is in a critical phase of rapid growth with markedly improved profitability quality. From 2023 to 2025, the Company’s revenue surged from RMB181 million to RMB389 million, representing a compound annual growth rate (CAGR) of 46.6%. In the first quarter of 2026, revenue jumped 73.1% year-on-year to RMB107 million, demonstrating robust resilience amid slowing investment across the global manufacturing sector. Driven by the realization of economies of scale, supply chain cost optimization and an increased revenue share from overseas markets with favorable gross margin profile, the Company’s gross margin rose substantially from 39.1% in 2023 to 51.1% in 2024, further climbing to 64.6% in 2025, and hitting 64.8% in the first quarter of 2026. In terms of gross profit, it registered a year-on-year increase of 94.5% in 2024, 82.8% in 2025 and 79.7% in the first quarter of 2026, demonstrating strong growth momentum. Excluding non-operating factors such as fair value changes in redemption liabilities, the Company’s adjusted net loss narrowed significantly from RMB334 million in 2023 to RMB214 million in 2024, and further declined to RMB109 million in 2025. The adjusted net loss stood at merely RMB33 million in the first quarter of 2026, representing a 14.6% year-on-year contraction with sustained sequential quarterly improvement, which points to a clear path toward profitability. Meanwhile, operating leverage continued to strengthen. The sales expense ratio dropped substantially from 102.7% in 2023 to 42.4% in the first quarter of 2026; the administrative expense ratio fell from 58.2% to 29.9%; and the R&D expense ratio declined from 65.6% to 36.0%. Product sales volume and customer base expanded in tandem. Sales of intelligent robotic guidance products increased from 3,654 units in 2023 to 5,852 units in 2024, reaching 8,268 units in 2025 and 2,412 units in the first quarter of 2026. The number of ordering customers for the respective periods grew from 509 in 2023 to 605 in 2024 and 625 in 2025, and hit 258 in the first quarter of 2026. Globalization Gathers Pace: Over Half of Revenue Generated Overseas, Spanning Around 50 Countries and Regions Breakthrough progress in overseas markets has become a key pillar for Mech-Mind’s value re rating. Between 2023 and 2025, revenue from overseas customers rose from RMB58.6 million to RMB196 million, representing a CAGR of approximately 83%, well above the Company’s overall growth rate. In 2025, overseas markets contributed RMB196 million in revenue, accounting for 50.3% of total revenue — crossing the 50% threshold for the first time. Overseas gross profit also made up more than half of total gross profit, a clear reflection of the Company’s technical premium and pricing power. The Company embraced a globalization strategy from its early days. Back in 2019, it established its German subsidiary. To date, subsidiaries have been set up in the United States, Germany, Japan, South Korea and Hong Kong. More than ten business centers operate in Tokyo, Seoul, Chicago, Munich and other locations, with business footprint covering roughly 50 countries and regions and over 900 cumulative overseas customers served. The Company has obtained major international certifications, including FCC, CE, IC, UKCA, VCCI, KC and NRTL. Its overseas organization is structured across three major regions: Asia Pacific, Europe and the Americas. It is progressively moving into the phase of penetrating lower tier geographic markets and accelerating in depth local cultivation. Tsinghua-Founded Core Team & World-Class R&D Capabilities Mech-Mind was founded in 2016 by Shao Tianlan, an alumnus of Tsinghua University. Its founding team boasts top-tier technical expertise and a global vision. Shao Tianlan, founder and chief executive officer, earned his bachelor’s degree from the School of Software, Tsinghua University, followed by a master’s degree in robotics from the Technical University of Munich (Technische Universitat Munchen) in Germany. Fu Ao, co-founder and vice president of business, holds a bachelor’s degree from the Department of Precision Instrument and a master’s degree from the Department of Mechanical Engineering, Tsinghua University, and previously worked at ABB prior to co-founding the Company. Ding Youshuang, co-founder and vice president of R&D, obtained his doctorate from the Department of Electrical Engineering, Tsinghua University. Zhang Jianwei, Chief Scientist, is an International Member of the Chinese Academy of Engineering and a Member of the German National Academy of Engineering Sciences, a leading authority in intelligent robotics. As of March 31, 2026, the Company employed 229 R&D personnel, accounting for 36% of its total headcount. From 2023 to 2025, cumulative R&D expenditure represented 40.6% of total operating revenue over the period. As of the Latest Practicable Date, the Company held 162 invention patents, 152 utility model patents, 33 design patents and 70 software copyrights. Mech-GPT, its large multimodal model, was recognized by the World Economic Forum as World Economic Forum MINDS Programme. Blue Ocean Market Surges: Proceeds to Fuel AI R&D and Accelerate Global Commercialization From an industry perspective, global AI + 3D vision guided non-specialty intelligent robot component market is experiencing explosive growth. According to data from CIC, this market is expected to grow from RMB1.8 billion in 2025 to RMB10.6 billion in 2030, representing a CAGR of 43.2%, and is projected to further expand to RMB102.5 billion by 2035. Over the same period, the global non-specialty intelligent robot market is expected to grow from 590,000 units in 2025 to 2.25 million units in 2030, and reach 12.08 million units by 2035. As a specialist technology company applying for listing under Chapter 18C of the Listing Rules, Mech-Mind has crossed the critical watershed from technology validation to scaled commercialization. The Company possesses a stable and rapidly growing revenue base, a high gross margin level, and a clear path to profitability, standing in stark contrast to many technology enterprises that are still in the R&D-intensive stage and remain heavily reliant on external financing to sustain operations. Since its establishment, Mech-Mind has secured investments from a number of premier financial investors and industrial capital players. Under the Chapter 18C regime, the Company’s Pathfinder Sophisticated Independent Investor(s)” or “Pathfinder SII(s)” are Sequoia China and Qiming Venture Partners; its Other Sophisticated Independent Investor is Intel. In addition, Mech-Mind’s investor base also includes Meituan, IDG Capital, GIC, Source Code Capital, China Growth Capital, CICC-Porsche Fund, Coatue, among others. Through this IPO, the net proceeds will be precisely allocated to the following core strategic areas: approximately 31.8% for the continued enhancement of R&D investment (of which 14.6% for strengthening AI-centric software capabilities, 9.4% for optimizing core hardware competitiveness, and 7.7% for building scalable R&D infrastructure); approximately 29.4% for expanding global presence and accelerating commercialization (23.7% for overseas business development and 6.3% for domestic business expansion); approximately 25.2% or enriching product portfolios and broadening application scenarios (14.5% for the development of the next-generation “eye-brain-hand” solutions, and 10.7% for expanding into more scenarios such as services and households); approximately 5.0% for capacity expansion and operational efficiency improvement; and approximately 8.6% or working capital and general corporate purposes.
- VCREDIT Announces 2026 Interim Results: Prudent Operations and AI Empowerment Drive Quality-Focused and Sustainable DevelopmentAugust 24, 2026, VCREDIT Holdings Limited ("VCREDIT" or the "Group"; stock code: 2003.HK), a leading technology-driven consumer financial service provider in China, today announced its unaudited interim results for the six months ended June 30, 2026 (the "Period"). The first half of 2026 saw continued softness in consumer credit demand amid macro headwinds, as the industry adapted to new regulatory requirements on financing cost disclosure, online marketing and consumer protection. Against this backdrop, the Group adopted a prudent approach, proactively controlling volume and improving quality, focusing on compliance and advancing steadily while strengthening risk management and enhancing operational efficiency. Throughout the Period, the Group focused on elevating technical standards and concentrating services on higher-quality borrowers, while deepening consumer rights protection in its business processes to support steady, quality-focused business development. During the Period, the Group's total loan origination volume was RMB6.06 billion, of which the Chinese mainland accounted for RMB5.69 billion and Hong Kong accounted for RMB0.37 billion; the Group recorded a net profit of RMB12.0 million and Non-IFRS adjusted net profit of RMB16.9 million. Focus on High-Quality Customers, Business Structure Continuously Optimised Facing the challenging environment, the Group strengthened risk control and improved operational efficiency across its operations, gradually shifting its focus toward higher-quality customer segments and more sustainable business models. Leveraging multidimensional risk models, the Group further optimised its customer mix, while enhancing the credit approval and drawdown experience, effectively strengthening the engagement of existing high-quality customers. In customer operations, the Group refined its approach across three dimensions: acquisition, existing customer management and product experience. On the acquisition front, the Group maintained a disciplined presence across premium platforms while continuously iterating its customer admission models to improve conversion efficiency. For existing customers, the Group deepened engagement with quality borrowers through tailored product solutions and refined segmentation, unlocking greater value from quality customers. Meanwhile, the Group integrated consumer rights protection throughout the product and service lifecycle, and completed the necessary system upgrades to comply with the new regulatory requirements on disclosure of comprehensive financing costs. These combined efforts contributed to improvements in overall marketing efficiency during the Period, with continuous quality enhancement of the transacting user base. AI Deeply Embedded in Core Operations, International Expansion Steadily Progressing Technology remains a core strategic pillar underpinning risk management, compliance and operational efficiency. During the Period, the Group continued to deepen the application of AI across its core operating functions. Its AI-powered customer service chatbot, enhanced with large language model capabilities, achieved notable improvements in self-service resolution rate. An intelligent quality inspection mechanism has replaced traditional manual reviews, while AI-driven automation has been introduced into post-loan operations to enhance collection efficiency and customer experience. Furthermore, the Group replicated and localised AI capabilities in its overseas markets, deploying AI customer service, collection and voice solutions locally, initially validating cross-market replicability. In the second half of the year, the Group will further enhance model coordination, data governance and engineering platform capabilities to support scalable, measurable and compliant AI applications. On the international expansion front, the Group's Hong Kong business, CreFIT, has served over 90,000 customers since its launch in 2023. In April 2026, CreFIT became the first licensed money lender in Hong Kong to partner with TransUnion to offer free downloadable credit reports to customers via its mobile application, with over 5,000 customers having accessed their credit reports through this service. The Group also launched "Capi Go", an AI-powered assistant that further enhances user experience. At the beginning of the year, the Group officially launched its Indonesia business, with a primary focus on building core operational infrastructure and developing foundational technology systems, laying a solid foundation for future expansion and sustainable growth.
- UL Solutions Inc.UL Solutions Launches Retail Total Access™ Software to Help Retailers Manage Supply Chain Quality and RiskNORTHBROOK, Ill., August 24, 2026--UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, today announced Retail Total Access, a software platform that helps retailers manage product quality and supply chain risk with a clearer, unified view of data.
- SOL of Potomac DispensarySOL Reimagines Cannabis Retail With The Launch of SOL of Potomac - The PenthouseTechnology executive and entrepreneur Jack Frost introduces a destination where cannabis, culture, community, content and technology come together. — SOL of Potomac - The Penthouse officially opened its doors today at 350 Fortune Terrace, Suite...
- U.S. Postal ServiceU.S. Postal Service Will be Closed in Observance of Labor Day, September 7Self-service options are available in many retail lobbies when Post Offices are closed — The U.S. Postal Service will observe Labor Day on Monday, September 7. All Post Office locations will be closed. Regular mail delivery and retail services will...
- Morgan's RepellentMorgan's Repellent Now Available on Amazon and Walmart.com NationwideCompanies: WalmartPlant-based rodent repellent formulated with 25% active essential oils reaches consumers through Amazon (five ASINs), Walmart.com (seven listings), and direct. — Natural Environmental Solutions, Inc. today announced that Morgan's Repellent,...
- Robbins LLPDid You Lose Money Investing in The Simply Good Foods Company? Robbins LLP Urges Investors with Significant Losses to Contact the Firm for Information About Their Rights Against SMPLShareholder rights law firm Robbins LLP reminds investors that a class action was filed on behalf of all purchasers of The Simply Good Foods Company (NASDAQ: SMPL) common stock between October 24, 2024 and April 8, 2026 (the "Class Period"). Good Foods sells consumer packaged foods and snacking products under its various brands.The complaint alleges that Good Foods misled investors regarding the successful integration of OWYN. ...
- AI Disrupts the Functional Foods and Beverages Sector as Industry Giants Deploy Personalization, Formulation, and Sustainability Technologies at Scale“AI is helping functional nutrition become more personalized, science-driven and responsive to changing consumer health needs.”
- Global Anti-Scam AllianceGlobal Anti-Scam Summit America Convenes Government Officials, Silicon Valley Leaders, Financial Services Executives and Law Enforcement in San Francisco for the First TimeLeaders from Amazon, Google, OpenAI, Meta, AT&T, Verizon, JP Morgan, the U.S. Department of Justice, the U.S. Treasury, the Attorneys General of California and Utah and others will headline a two-day program focused on identifying the most effective solutions to combat scams and how to...
- Akins FordAkins Ford Chrysler Dodge Jeep Ram Named a 2026 Top Workplace, Earning Six Culture Excellence Awards and Axios Metro Atlanta RecognitionAmerica's Largest retail Volume Ford dealership is recognized for its people-first culture—the same standard of care customers experience across sales and service. — Akins Ford Chrysler Dodge Jeep Ram, one of the largest Ford dealerships in...