Yggdrasil and Codere Team Up to Expand in Italy iGame

Yggdrasil and Codere Team Up to Expand in Italy

(AsiaGameHub) - Through a new partnership with Codere Italia, Yggdrasil has strengthened its position in Italy's regulated gaming market, representing a major milestone for both organizations. Players at Codere Italia can now enjoy numerous top-performing games from Yggdrasil, enhancing the operator's casino portfolio with premium content that has proven popular with audiences worldwide and in Italy specifically. Among the newly available titles are Easter Island, Golden Fish Tank, and Arthur's Fortune. In addition to its acclaimed proprietary content, Yggdrasil will also introduce titles developed through its YGG Masters initiative. This partnership aligns with Codere's strategy to grow beyond its Spanish home market into other European territories, with Yggdrasil chosen as a strategic content ally to bolster its online casino launch in Italy. Yggdrasil's existing alliance with Microgame has enabled this market entry, allowing rapid integration with operator partners throughout Italy's regulated gaming sector. As one of Europe's largest online gaming markets, Italy presents a valuable growth opportunity for Yggdrasil, and teaming with an established operator like Codere advances the company's worldwide expansion objectives. Giovanni Foderá, Client Success Manager for Italy at Yggdrasil, commented: "Our collaboration with Codere represents a significant milestone in the Italian market, and through Microgame's integration platform, we anticipate a successful partnership for all parties involved." Roberto Russo, Director of Online Gaming Operations at Codere Italia, stated: "Entering Italy marks our first European expansion beyond Spain, making the selection of premium content partners essential for this launch. "Yggdrasil's track record for delivering high-quality, compelling games positioned them as an ideal partner, and we're delighted to inaugurate our Italian operations with their content offering." This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Focus Graphite Initiates WSP-Led Dam Break Study at Lac Knife, Advancing ESIA Toward Completion ACN Newswire

Focus Graphite Initiates WSP-Led Dam Break Study at Lac Knife, Advancing ESIA Toward Completion

OTTAWA, ON, Mar 30, 2026 - (ACN Newswire via SeaPRwire.com) - Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) ("Focus" or the "Company"), a Canadian developer of high-grade flake graphite deposits and advanced graphite materials for battery, defence, and industrial applications, is pleased to announce the initiation of a comprehensive tailings storage facility (TSF) dam break analysis (the "Study") for its flagship Lac Knife Graphite Project (the "Project") located in Quebec.The Study, led by WSP Canada Inc. ("WSP"), a global leader in engineering and environmental consulting, will evaluate hypothetical failure scenarios for the Project's planned filtered (dry-stack) tailings storage facility and associated water retention infrastructure. The work will generate detailed flood mapping and downstream impact assessments, forming a key component of the Company's Environmental and Social Impact Assessment ("ESIA").Using advanced hydrological and hydraulic modelling, the analysis will simulate breach scenarios under extreme conditions, including Probable Maximum Precipitation (PMP). The Study will incorporate site-specific topography and established industry methodologies to estimate potential flood extent, depth, and timing. These outputs are intended to inform contingency planning, support regulatory review, and strengthen the overall ESIA submission, with completion expected to support the Company's 2026 ESIA advancement timeline.The assessment is being conducted in alignment with recognized industry frameworks, including guidelines from the Canadian Dam Association (CDA) and the Global Industry Standard on Tailings Management (GISTM), reflecting a risk-informed and environmentally responsible approach to project design."This is a meaningful step forward for Lac Knife," said Dean Hanisch, Chief Executive Officer of Focus Graphite. "With this study underway, we are entering the final stages of the ESIA process and establishing a clearer line of sight toward permitting. As we advance, we remain committed to developing this project responsibly, respecting the surrounding environment and the communities connected to this land, while building a high-quality, near-term source of graphite for North American supply chains."The Study builds on a substantial body of completed technical work and reflects continued advancement of the Project through the development pipeline. The use of filtered (dry-stack) tailings at Lac Knife represents a modern approach to tailings management, widely recognized as a lower-risk alternative to conventional slurry-based systems. This analysis further enhances understanding of downstream conditions and supports integration of risk-informed engineering into final design.Upon completion, results will be incorporated into the Company's ESIA documentation, supporting ongoing engagement with regulators and stakeholders. Completion of the ESIA is expected to represent a key milestone toward permitting and future construction readiness.WSP brings extensive global expertise in mining, hydrotechnical engineering, and tailings management, reinforcing the technical rigor underpinning the Project.The Company will continue to provide updates as ESIA-related milestones are achieved.Qualified PersonThe technical content disclosed in this news release was reviewed and approved by Richard Pearce, PE, President of Brasil Insight Capital LLC., a consultant to the Company, and a qualified person as defined under National Instrument NI-43-101.About Focus Graphite Advanced Materials Inc.Focus Graphite Advanced Materials is redefining the future of critical minerals with two 100% owned world-class graphite projects and cutting-edge battery technology. Our flagship Lac Knife project stands as one of the most advanced high-purity graphite deposits in North America, with a fully completed feasibility study. Lac Knife is set to become a key supplier for the battery, defence, and advanced materials industries.Our Lac Tetepisca project further strengthens our portfolio, with the potential to be one of the largest and highest-purity and grade graphite deposits in North America. At Focus, we go beyond mining — we are pioneering environmentally sustainable processing solutions and innovative battery technologies, including our patent-pending silicon-enhanced spheroidized graphite, designed to enhance battery performance and efficiency.Our commitment to innovation ensures an eco-friendly supply chain from mine to market. Collaboration is at the core of our vision. We actively partner with industry leaders, research institutions, and government agencies to accelerate the commercialization of next-generation graphite materials. As a North American company, we are dedicated to securing a resilient, locally sourced supply of critical minerals — reducing dependence on foreign-controlled markets and driving the transition to a sustainable future.For more information on Focus Graphite Inc. please visit http://www.focusgraphite.com.LinkedIn: https://www.linkedin.com/company/focus-graphite/X: https://x.com/focusgraphiteInvestors Contact:Dean HanischCEO, Focus Graphite Inc.dhanisch@focusgraphite.com+1 (613) 612-6060Jason LatkowcerVP Corporate Developmentjlatkowcer@focusgraphite.comCautionary Note Regarding Forward-Looking StatementsCertain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could," "intend," "expect," "believe," "will," "projected," "estimated," and similar expressions, as well as statements relating to matters that are not historical facts, are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions as to the outcome and timing of such future events.In particular, this press release contains forward-looking information regarding, among other things, the anticipated scope, timing and completion of the tailings dam break analysis; the Company's belief that the Study represents one of the final major technical components required to support completion of the Environmental and Social Impact Assessment ("ESIA"); the incorporation of Study results into ESIA documentation; the advancement of the Lac Knife Project toward permitting and regulatory approval; and the Company's plans and objectives for the development of the Project.Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, risks related to market conditions, regulatory approvals, changes in economic conditions, the ability to raise sufficient funds on acceptable terms or at all, operational risks associated with mineral exploration and development, and other risks detailed from time to time in the Company's public disclosure documents available under its profile on SEDAR+.The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information.Neither TSX Venture Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290423 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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T-RIZE Structures Up to $500 Million Private Credit Digital Bond Programme on Canton Network ACN Newswire

T-RIZE Structures Up to $500 Million Private Credit Digital Bond Programme on Canton Network

LONDON, Mar 30, 2026 - (ACN Newswire via SeaPRwire.com) - T-RIZE Group (https://www.t-rize.io) today announced its role in structuring a private credit digital bond programme of up to $500 million for Horizon Group through Kairos Litigation Limited, a UK-based bankruptcy-remote special purpose vehicle established as the issuer for the programme. Horizon Group acts as programme manager. The programme will begin with an initial $50 million tranche launching shortly for eligible investors in the United States and Europe on the Canton Network, with capacity for additional tranches over time.The announcement highlights T-RIZE's institutional tokenization capability: structuring highly complex underlying exposures into institutionally governed, fixed-yield digital instruments built for professional markets.For the Kairos programme, T-RIZE has digitally structured a specialized private credit strategy into a market-ready issuance framework built on ring-fenced architecture, disciplined governance, permissioned investor access, and full lifecycle administration. Its role spans tokenization design, digital issuance architecture, governance and control logic, onchain instrument creation, lifecycle management, and reporting architecture required for institutional operation.The underlying exposure is a highly granular portfolio of UK litigation-finance receivables, a segment of private credit historically outside digital capital markets. T-RIZE has helped bring that exposure into a digital bond format designed for institutional use, combining fixed-yield economics, short-duration deployment, and a clearer structural framework for investor oversight.The credit architecture combines multiple protection layers. The issuer structure is bankruptcy-remote. Assets and related cash flows are ring-fenced. Risk is segmented through independent validation, and claim-level protection mechanisms. The capital-protection layer is supported by a performance-bond framework with reinsurance support from A-rated international reinsurers. Together, these features strengthen capital protection, improve cash-flow predictability, and support a stronger and transparent risk/reward profile than direct exposure to the underlying assets alone.T-RIZE is also providing the digital operating layer through which the tokens are minted, and administered on Canton Network. It supports onboarding, eligibility controls, credential management, transfer permissions, token lifecycle management, and governance execution. Critical actions are governed through a control framework incorporating multi-party computation and multi-signature approval logic, reinforcing institutional operating standards, and reducing single-point failure risk.The framework also includes collateral functionality scheduled for later activation, positioning the instrument over time for broader use across financing, treasury and liquidity workflows as institutional digital market infrastructure matures.For major financial institutions, the significance extends well beyond a single issuance. It demonstrates that T-RIZE can take complex private credit structures, architect them from the ground up, transform them into digitally native frameworks designed for institutional execution, governance, and scale."This programme reflects the level of structuring, control and technical integration required for institutional private credit to operate effectively in digital markets," said Madani Boukalba, Founder and CEO of T-RIZE Group. "T-RIZE helps institutions restructure highly complex, market-agnostic exposures into fixed-yield digital instruments with transparent structural protections and a clear onchain transparency layer across the life of the instrument. That opens access to structured opportunities that have traditionally remained difficult for institutions to reach in standardized form, while allowing them to benefit from attractive risk/reward dislocations with stronger governance, visibility and lifecycle control."T-RIZE also holds a strong position within Canton Network. It is a Premier Member of the Canton Foundation, an early validator and a builder of production-grade tokenization infrastructure on the network. Canton Network now functions as institutional market infrastructure, with live tokenization, active collateral and repo workflows, and growing participation from major regulated institutions. T-RIZE is engineering the Kairos programme inside that framework so it aligns not only with institutional issuance standards today, but with the next phase of market utility; interoperability, governed execution, and future collateral activation on Canton Network rails.Ann-Marie Bell, CEO of Kairos Litigation Limited, said: "T-RIZE helped us translate a complex private credit structure into a market-ready institutional digital issuance. Their contribution across structuring, governance design, control architecture, compliance logic, and technical implementation was instrumental in bringing the first tranche to market."More broadly, the transaction positions T-RIZE as a structuring partner for institutions seeking to bring complex opportunities into a governed digital issuance framework on Canton Network, with the standards of control, transparency, and execution required by professional markets.About T-RIZE GroupT-RIZE Group is a financial technology company building institutional-grade tokenization infrastructure for digital securities, structured products, and real-world assets. The company structures, tokenizes, issues and administers compliant digital instruments across asset classes including private credit, funds, securities, bonds, commodities, and real estate. T-RIZE Labs, the group's R&D division, advances next-generation tokenization systems, and digital market architecture. T-RIZE's technology stack is engineered to institutional and defense-grade security standards and deployed on Canton Network for interoperability, governed execution, and future collateral activation.About Kairos and Horizon GroupKairos Litigation Limited is a UK-based special purpose vehicle established to issue digital loan notes and support the structured financing of eligible underlying receivables within a ring-fenced institutional framework. Horizon Group acts as programme manager and brings more than five years of operating history and a zero-default track record across its lending portfolio, supporting origination, underwriting framework, servicing oversight, and portfolio administration in connection with the programme.Media ContactBrand: T-RIZE GroupContact: Media teamEmail: press@t-rize.ioWebsite: https://www.t-rize.io Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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500年航程:将琼海的故事寄向世界 Finance

500年航程:将琼海的故事寄向世界

(SeaPRwire) - 博鳌:世界在此相遇 | 琼海:自由贸易蓬勃发展中国琼海,2026年3月30日——3月24日至27日,“博鳌:世界在此相遇,琼海:自由贸易蓬勃发展”城市展在博鳌东屿岛文化公园举行。这是海南自由贸易港全岛封关运作启动以来的首次大型城市展示,为琼海作为自由贸易港核心功能区的作用提供了全景式窗口。展览以全球互联和开放发展为主题,通过创新技术和设计,将政策和文化转化为沉浸式的感官体验。 开幕大厅的“数字孪生体验舱”通过一张身份证,让人们一窥未来琼海的日常生活。动态的“骑行琼海”装置让嘉宾沉浸在万泉河沿岸和历史悠久的南洋小镇(由从东南亚归来的华侨建立的定居点)的风景之旅中。一个主要亮点是“海的故事”邮局,那里的邮筒本身就是一件艺术品。其设计灵感来源于南海1500米深处打捞出的一件沉船遗物——一个“法华风格”的梅瓶,一件在深海中保存了五个世纪的文物。它曾承载于商船之上,穿越波涛汹涌的海洋,见证了海上丝绸之路的辉煌,如今被重新构想为连接历史与未来的现代地标。参观者选择明信片,写下留言,盖上独特的琼海邮戳,并将他们的记忆寄回家。 这些明信片上的图片选自《琼海纪事》,这是王瑶历时两年完成的备受赞誉的摄影项目,她曾荣获世界新闻摄影奖和中国新闻奖。她的镜头捕捉了潭门港黎明时分修补渔网的老人、万泉河畔嬉戏的孩童、博鳌午后茶的温馨,以及港口建设者们坚韧不拔的精神。每一幅画面都讲述着琼海与时间共舞的坚韧而优雅的故事。 从其千年渔业传统和南洋遗产,到其作为繁荣自由贸易港的新篇章,琼海的故事正走向世界——一张明信片,一次传播。每一张卡片,都是来自南海的低语,如今在全球范围内发出自己的声音。 联系方式:贵州省文化和旅游厅 May Mou 502428928@qq.com 本文由第三方内容提供商提供。SeaPRwire (https://www.seaprwire.com/)对此不作任何保证或陈述。 分类: 头条新闻,日常新闻 SeaPRwire为公司和机构提供全球新闻稿发布,覆盖超过6,500个媒体库、86,000名编辑和记者,以及350万以上终端桌面和手机App。SeaPRwire支持英、日、德、韩、法、俄、印尼、马来、越南、中文等多种语言新闻稿发布。
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From Investment to Sales to Scenario Operations, Shoucheng Holdings (0697.HK) Robotics Commercialization Closed Loop Is Rapidly Taking Shape ACN Newswire

From Investment to Sales to Scenario Operations, Shoucheng Holdings (0697.HK) Robotics Commercialization Closed Loop Is Rapidly Taking Shape

HONG KONG, Mar 30, 2026 - (ACN Newswire via SeaPRwire.com) - Shoucheng Holdings (0697.HK) is accelerating the evolution of its robotics business from pure equity investment toward a deeper commercialization infrastructure stage. In the company’s newly released 2025 Chairman’s Statement, Chairman Zhao Tianyang made it clear that Shoucheng Holdings is leveraging its extensive offline asset management scale to build the “last mile” that brings the robotics industry from the laboratory to the market.According to the Chairman’s Statement, Taozhu New Manufacturing Hub, the robotics commercialization platform under Shoucheng Holdings, has already been successfully launched in top-tier commercial locations such as Beijing Shougang Park, Terminal 3 Parking Building of Beijing Capital Airport, and Beijing Wangfujing APM. Zhao Tianyang revealed in the statement that these stores have enjoyed strong foot traffic, and that their operating performance has far exceeded expectations.Building on its initial success, Shoucheng Holdings plans to further expand its store network to 20 locations within 2026, covering leading commercial districts in core cities such as Beijing, Shanghai, Shenzhen, and Chengdu. This is not merely an expansion of retail outlets, but also the establishment of hubs for real-world robot demonstrations and user interaction.On the online front, the company has officially launched the “Barrier Breaker Program”, using social platforms such as Douyin and Xiaohongshu for livestream sales and in-depth product teardowns, transforming hard-tech products into consumer-grade or commercially applicable products that the public can readily understand and adopt. At present, Shoucheng Holdings has become an authorized distributor for nearly 100 robotics companies. To further lower procurement barriers for end users, Shoucheng has also partnered with “Beijing Robotics Financial Leasing Company” to provide integrated leasing services for research institutions, medical institutions, and large enterprises, using financial tools to accelerate robot adoption.In addition, Shoucheng Holdings is drawing on its deep expertise in infrastructure asset management to provide robots with natural testing grounds and operating venues. The Chairman’s Statement notes that the company jointly launched the country’s first “Auto-Charging Robot Pop-up Experience Station” at Chengdu ICD, demonstrating how robots can empower traditional commercial spaces.Chairman Zhao Tianyang also set out a clear development goal in the statement: going forward, Shoucheng Holdings will continue to advance its strategy of upgrading parking lots into robot operation bases, thereby forming a complete closed loop of “investing in robotics companies – empowering portfolio companies through offline sales – carrying out in-depth offline scenario operations.” Through the interlocking of investment, channels, and scenarios, Shoucheng Holdings is building a formidable competitive moat in the robotics sector. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Trainwreck Declines Adin Ross’s Loan Request After Losing $10 Million in 48 Hours iGame

Trainwreck Declines Adin Ross’s Loan Request After Losing $10 Million in 48 Hours

(AsiaGameHub) - The well-known gambling streamer, recognized for his strong connections to the crypto casino platform Stake—which he recently suggested he might depart from—has resumed streaming after an extended three-month hiatus. Trainwreck, whose real name is Tyler Faraz Niknam, quickly captured attention with bold remarks about the online gambling industry and his peer content creators. During his return broadcast, the streamer—born in 1990 and raised in Scottsdale, Arizona—stated he believes he has missed out on roughly $2 billion over the last five years by refusing to promote gambling affiliate codes. $10M Loss in Two Days The streamer also invited fellow content creator Adin Ross to join a live call during the stream. The discussion swiftly became uncomfortable when Ross asked to borrow money. Trainwreck declined immediately, stating he had lost more than $10 million in just two days and was unable to offer financial assistance. He noted that although he still views Ross as a friend, he cannot afford to lend money. During the call, Trainwreck was playing high-stakes Pragmatic Play's slot title The Dog House, wagering $1,000 per spin. Adin Ross, however, is familiar with substantial amounts in the gambling industry. He inked an agreement with Rainbet platform in September, which reportedly featured a $50 million signing bonus. Recently, he has focused extensively on gambling-centric content and collaborated with Stake CEO Eddie Craven on multiple streams. Ross is also currently involved in a lawsuit with rapper Drake. They face allegations of unlawfully promoting gambling activities in the state of Missouri. The case was filed in Virginia's federal court and represents part of a broader examination of online gambling promotions by influencers. The two plaintiffs who filed the suit allege that the two popular gambling influencers leveraged their online platforms to promote Stake in ways that went well beyond typical promotional methods, such as featuring the site during live streams and on social media, conducting giveaways, encouraging high-stakes wagering, and showcasing dramatic wins that purportedly motivated viewers to register and gamble themselves. The plaintiffs contend that the advertisements ultimately fostered a misleading impression of minimal gambling risk, while also minimizing the potential for addiction and financial loss. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Washington Initiates New Gambling Lawsuit Against Kalshi iGame

Washington Initiates New Gambling Lawsuit Against Kalshi

(AsiaGameHub) - Washington has become the newest state to initiate legal proceedings against Kalshi, the prediction market platform alleged to offer contracts that constitute illegal gambling under state law. “Each Bet Risks Money” Filed on Friday, March 27, in King County Superior Court by Attorney General Nicholas W. Brown, the lawsuit asserts that the company’s operations breach some of the strictest gambling regulations in the United States. Once again, the case centers on Washington’s definition of gambling: putting something of value at risk on the outcome of a game of chance or a future event beyond an individual’s control, with the expectation of a reward. The complaint states that Kalshi’s markets align precisely with that definition—whether they involve sports, politics, or cultural events. “Each bet risks money, relies in part on chance, and promises a payout to winners,” the lawsuit reads. Washington law permits sports betting only at tribal casinos, making the state one of the most restrictive jurisdictions in the country. Attempt to Recover Residents’ Lost Money This is not Kalshi’s first legal hurdle. Washington joins Massachusetts, Nevada, and Michigan in bringing civil lawsuits, while Arizona has pursued criminal charges against the company. To date, Nevada is the only state where Kalshi has been forced to discontinue specific offerings—including sports-related contracts—following a temporary restraining order. The Washington complaint goes beyond just seeking to halt operations; it also aims to recover money lost by residents who used the platform. Citing the state’s Recovery of Money Lost at Gambling Act, officials contend they have the right to retrieve funds on behalf of users, though no exact figure has been provided. Kalshi’s business model may depend on a legal gray area, as state law includes an exemption for legitimate business transactions like contracts tied to commodities or securities. The statute itself does not explicitly mention event contracts, but its wording allows for interpretation—a point that could become key in court. Additionally, the lawsuit alleges Kalshi profits from trade fees and operates in a manner similar to bookmaking. It further claims the company illegally transmits gambling information online and maintains prohibited records and devices. Looking ahead, Kalshi might attempt to transfer the case to federal court, where it could argue that federal law governs its activities. Similar efforts in other states have yet to succeed. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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‘First-listed Chinese Noodle Restaurant’ Xiao Noodles Announces 2025 Annual Results

Performance Highlights:- Revenue: RMB1,622.4 million, representing a year-on-year increase of 40.5%- Net Profit: RMB106.1 million, representing a year-on-year increase of 74.8%- Adjusted Net Profit (a non-IFRS measure): RMB135.4 million, representing a year-on-year increase of 111.9%- In 2025, the Group opened 156 new restaurants, comprising 134 self-operated restaurants and 22 franchised restaurants- As of December 31, 2025, the Group operated 395 self-operated restaurants and 92 franchised restaurants across 24 cities in Mainland China, 15 restaurants in the Hong Kong Special Administrative Region and 1 restaurant in SingaporeHONG KONG, Mar 30, 2026 - (ACN Newswire via SeaPRwire.com) - Guangzhou Xiao Noodles Catering Management Co., Ltd. (the “Company” or “Xiao Noodles”; Stock Code: 2408.HK) is pleased to announce that the board of directors of the Company announces the unaudited consolidated results of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2025 (the “Reporting Period”).As the “First-listed Chinese Noodle Restaurant” on the Hong Kong Stock Exchange, the Group leveraged its standardized operational system and core product strengths in 2025 to comprehensively drive store expansion and optimize its business portfolio. Through synergies across its business segments, the Group achieved significant revenue growth during a period of profound industry restructuring.During the Reporting Period, the Group generated revenue of RMB1,622.4 million, representing a year-on-year increase of 40.5%; net profit reached RMB106.1 million, up 74.8% year-on-year; and adjusted net profit (a non-IFRS measure) amounted to RMB135.4 million, up 111.9% year-on-year. In 2025, the Group opened 156 new restaurants, including 134 self-operated restaurants and 22 franchised restaurants. As of December 31, 2025, the Group operated a total of 503 restaurants, comprising 395 self-operated and 92 franchised restaurants across 24 cities in mainland China, 15 restaurants in the Hong Kong Special Administrative Region, and one restaurant in Singapore, marking significant expansion achievements.Steady Growth in Self-operated Restaurants, Reinforcing the Core BusinessThe Group’s revenue primarily comes from self-operated restaurants operation and franchised restaurants management. Self-operated restaurants serve as the core revenue pillar, while franchised restaurants emerged as a new growth engine. The synergistic efforts of these two business segments are driving the Group’s continued improvement in profitability.In terms of self-operated restaurant business, in 2025, the operational quality and efficiency of self-operated restaurants continued to improve, with core operational indicators delivering outstanding performance. The Group’s revenue from self-operated restaurant operations increased from RMB1,001.0 million in 2024 by 44.9% to RMB1,450.2 million in 2025, primarily attributable to the increase in the number of self-operated restaurants. Revenue from self-operated restaurant operations as a percentage of total revenue increased from 86.7% in 2024 to 89.4% in 2025. In addition, revenue from delivery business as a percentage of total revenue increased rapidly from 15.6% for the year ended December 31, 2024 to 23.3% for the year ended December 31, 2025.During the Reporting Period, the average spending per order at the Group’s self-operated restaurants amounted to RMB29.9, remaining stable, while average daily orders per restaurant increased from 386 orders in 2024 to 406 orders in 2025, demonstrating improved customer attraction.In terms of same-store operating performance, it remained robust, with same-store sales amounting to RMB745.612 million, representing a year-on-year increase of 1.0› average daily orders per same store increased from 391 orders in 2024 to 427 orders in 2025, and the average spending per order at same stores was RMB29.4, remaining stable.In terms of franchised restaurants, in 2025, the Group’s franchised restaurant operations delivered excellent performance, with improvements across various core indicators. The Group’s revenue from franchise management increased from RMB152.5 million in 2024 by 12.3% to RMB171.3 million in 2025, primarily attributable to the increase in the number of restaurants.Steady Progress in Domestic and Overseas Expansion to Actively Explore New Growth OpportunitiesWhile maintaining the steady development of its existing business, the Group has actively expanded its business to the Hong Kong Special Administrative Region and overseas markets, steadily increasing market penetration and seeking new growth opportunities.As of December 31, 2025, the Group had successfully opened 15 restaurants in the Hong Kong Special Administrative Region and one restaurant in Singapore, marking initial achievements in its overseas market layout. During the Reporting Period, the Hong Kong market delivered an outstanding overall operating performance with remarkable results in regional expansion. Going forward, the Group plans to further expand into Southeast Asia to enhance its brand recognition, optimize its market layout, and drive long-term, steady and diversified revenue growth.Future OutlookLooking ahead to 2026, driven by a series of national policies to stabilize the economy and promote growth, China’s domestic economy and consumer market are expected to continue their recovery, with residents’ consumption capacity and confidence further strengthened, injecting strong impetus into the development of the Chinese fast food industry.Against this backdrop, the Group will firmly seize market opportunities, leverage its brand advantage as the "First-listed Chinese Noodle Restaurant", and promote the expansion of its restaurant network, with plans to open 150 to 180 new restaurants in 2026. Meanwhile, the Group will continue to increase investment in brand building to deepen brand recognition and influence, steadily advance its overseas market expansion, consolidate its leading position in the Chinese noodle restaurant segment, and strive to create greater value for shareholders.About Guangzhou Xiao Noodles Catering Management Co., Ltd.Guangzhou Xiao Noodles Catering Management Co., Ltd. is a Chinese noodle restaurants operator in China. We operate the Xiao Noodles brand in the Chinese Mainland and Hong Kong SAR. Our restaurant network encompassed 395 self-operated restaurants and 92 franchised restaurants across 24 cities in the Chinese Mainland and 15 restaurants in Hong Kong SAR and one restaurant in Singapore as of December 31, 2025. According to Frost & Sullivan, the Company ranked fourth largest Chinese noodle restaurants operator in China in terms of GMV in 2024. Based on the same source, we ranked the thirteenth in the overall Chinese QSR market in terms of GMV in 2024. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Las Vegas Casino to Be Put Up for Sale After Loan Default iGame

Las Vegas Casino to Be Put Up for Sale After Loan Default

(AsiaGameHub) - A prominent casino in downtown Las Vegas is facing a potential change in ownership after its operators defaulted on significant debt obligations from a major construction loan. $90M Loan Default Pushes Downtown Grand Toward Sale The Downtown Grand Hotel and Casino has been operating under court oversight since the beginning of January. This followed legal action by its lender, Banc of California. The bank initiated proceedings after alleging the casino's owners ceased making interest payments in March 2025 and failed to repay the principal when the loan matured later that year, according to a report from The Las Vegas Review-Journal. According to court documents, a receiver named Paul Huygens was assigned to assume control of the property and manage its daily functions. With financial support from the lender, the receiver has successfully worked to stabilize the operations, guaranteeing the casino and hotel continue to run without disruption. The financial difficulties originated from a loan that was initially over $80 million and later grew to $90 million. This financing was utilized for an expansion project, which involved building a new hotel tower finished in 2020. Even with these capital improvements, the ownership group had persistent challenges in maintaining financial health, with court records indicating they faced difficulties in meeting their financial commitments long before the default occurred. Strong Interest Emerges in Downtown Grand Sale The search for a purchaser is already underway. Informational packages detailing the property have been sent to more than 150 prospective investors. The level of interest seems substantial, as dozens of interested parties have executed confidentiality agreements and are in talks with the receiver's representatives. Nevada's legal framework is likely to be a major factor in drawing buyer interest. State law permits assets under receivership to be sold free and clear of previous debts or legal claims. This process is anticipated to enhance the property's attractiveness by enabling a new owner to acquire it without taking on the previous financial burdens. The subsequent phase requires the court's official endorsement of a defined sales procedure. This will establish bidding rules and qualifications for potential buyers. Although a specific schedule has not been set, the preparatory work indicates a deal could be finalized soon. This scenario highlights the competitive pressures in the downtown Las Vegas market, where established properties often vie with newer, large-scale developments in other parts of the city. Currently, the Downtown Grand continues to welcome visitors, though its ultimate fate hinges on finding a new owner. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Resona Holdings, BrainPad, and Fujitsu sign basic agreement for collaboration to transform financial operations with data and AI and advance next-generation data utilization JCN Newswire

Resona Holdings, BrainPad, and Fujitsu sign basic agreement for collaboration to transform financial operations with data and AI and advance next-generation data utilization

Tokyo and Kawasaki, Japan, Mar 30, 2026 - (JCN Newswire via SeaPRwire.com) - Resona Holdings, Inc., BrainPad Inc., and Fujitsu Limited today announced the signing of a basic agreement for collaboration. The partnership aims to advance financial operations through the utilization of data and AI, and to develop next-generation data utilization models with a view toward expanding into regional areas and diverse industries. Purpose of the collaborationAs uncertainty surrounding corporate management increases due to fluctuations in business flows, natural disasters, and supply chain disruptions, financial institutions are called upon to provide more advanced corporate support, as well as enhanced credit assessment and monitoring services. The Resona Group and BrainPad have been working to advance the Resona Group’s operations by leveraging data and AI in financial practices, including through the provision of Data Ignition [1] (an AI business support software for regional financial institutions). With the addition of Fujitsu—which possesses advanced technical capabilities and extensive expertise in real-world implementation within the data and AI fields—to this collaboration, the aim is to go beyond simply creating use cases for financial operations and work together to co-create next-generation data and AI utilization models with a view toward expansion into regional markets and other industries.Through the collaborative use of data and AI, the three companies will support the sustainable growth of local economiesThis collaboration will position the Resona Group's actual operations as a field for demonstration and preliminary use. The three companies will work together to create various use cases that lead to the advancement of business processes in financial practices such as corporate evaluation, monitoring, and sales support.Furthermore, the initiative will transform decision-making and value creation processes in operations by combining the practical knowledge and financial data gained through the collaboration between the Resona Group and BrainPad with Fujitsu's data and AI technologies, offerings from Fujitsu’s Uvance business model to address societal challenges, and diverse external data, such as those related to distribution channels and supply chains. This will not only provide value to regional financial institutions but also support the sustainable growth in regional economies.Collaboration details 1. Transformation of Resona group's financial operations through utilization of agentic AIThe three companies will accelerate the practical implementation and verification of data utilization and agentic AI within the Resona Group with the aim of maximizing the value provided by financial services, considering the following use case examples: AI agents autonomously collect data and provide insights to enhance the quality and quantity of customer understanding, proposals, and decision-making by sales representatives, leading to more advanced business support.Transforming business processes that rely excessively on human experience and judgment by validating AI agents that can autonomously make decisions and take action in response to changes in operations and through collaboration with other AI agents.2. Expansion of practical models to regional financial institutionsTo extend the knowledge gained within the Resona Group to regional financial institutions, the collaboration will focus on the development and enhancement of Data Ignition, optimization of operational and connection methods suitable for financial business flows, and the exploration of new business models.3. Contribution to regional economic development through financial data expansionBuilding upon the knowledge cultivated through previous initiatives, the collaboration will explore the potential for financial data utilization that creates new value by linking external data such as those related to commercial transactions and supply chains. This will contribute to the sustainable development of regional economies.Creation of new business opportunities and financial services based on changes in inter-company transaction relationships and business environments.Pursuit of data linkage models to expand regional economic transaction volumes and revitalize industries.Exploration of models for collaboration with local governments and other entities, ecosystem formation, and value return to the entire region.Roles of Each Company Resona Holdings’ Role: Resona Holdings will serve a central role in providing its financial operations as a field for demonstration and preliminary use, verifying the effectiveness and business suitability of data and AI utilization through practical knowledge and on-site feedback.BrainPad's Role: BrainPad will be responsible for setting challenges and formulating hypotheses aligned with financial practices, and for deriving insights through data science analysis. This will support the effective utilization of agentic AI in the field.Fujitsu's Role: Fujitsu will be responsible for designing and implementing AI platforms and architectures that integrate diverse data to create new value. Leveraging its extensive knowledge in financial institution system development and operation, its Uvance for Finance solution offerings, and its AI technologies including the AI agent Watomo and the large language model Takane, Fujitsu will realize the expansion of practical models established within the Resona Group to various regions and industries, thereby promoting the sustainable growth of regional economies.(1) Data Ignition: An AI business support tool jointly developed by Resona Holdings, Resona Bank, and BrainPad, which helps predict customer needs from limited data and supports operational efficiency. About FujitsuFujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers around the globe, our 113,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: AI, Computing, Networks, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$23 billion) for the fiscal year ended March 31, 2025 and remains the top digital services company in Japan by market share. Find out more: global.fujitsuPress ContactsFujitsu LimitedPublic and Investor Relations DivisionInquiries Copyright 2026 JCN Newswire via SeaPRwire.com. All rights reserved. www.jcnnewswire.com
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特朗普政府官员表示,即便TSA获得薪酬,ICE仍可能继续留在机场 Latest News

特朗普政府官员表示,即便TSA获得薪酬,ICE仍可能继续留在机场

(SeaPRwire) - 白宫“边境沙皇”Tom Homan周日表示,尽管Transportation Security Administration (TSA)官员将领取工资,但Immigration and Customs Enforcement (ICE)执法人员可能会留在美国机场协助安保行动。Homan在周日的电视节目中表示,ICE在机场的存在取决于有多少TSA工作人员返回工作岗位。自2月份因TSA的母机构Department of Homeland Security (DHS)的资金问题导致政府部分停摆以来,已有500多名TSA员工辞职。数千名TSA员工作为核心工作人员,在停摆期间被要求无薪工作,他们请了病假,许多人为了维持生计兼职其他工作,导致旅客被困在机场安检口的长队中。由于民主党和共和党在移民执法改革问题上存在争议,国会在DHS的拨款问题上仍处于僵局。但此前曾下令部署ICE执法人员以减轻对美国旅游业影响并向民主党施压以达成协议的总统Donald Trump,在上周末宣布他将为TSA提供资金。但当周日在CNN的State of the Union节目中被问及在TSA员工拿到工资和补发工资后ICE是否会留在机场时,Homan表示:“我们拭目以待。”“这取决于有多少TSA工作人员回来工作,有多少TSA工作人员实际上已经辞职并且没有计划回来工作,”Homan补充道。“我正与TSA局长和ICE局长密切合作,以决定哪个机场需要什么。”在参加CBS News的Face the Nation节目时,Homan表示,ICE在机场的存在将持续到“机场觉得他们已经100%恢复到可以进行正常运营的状态”,并重申,返回工作的TSA工作人员越少,“意味着我们将留驻更多的ICE执法人员”。ICE是否有所帮助?部署ICE(该机构因暴力执行Trump的反移民议程而备受争议)协助机场安保行动引发了褒贬不一的反应。民主党领导人警告称ICE可能会对旅客采取粗暴手段,而一些旅客则表示他们的存在很有帮助。但关于ICE是否有帮助的报道也存在分歧。在该计划宣布后,代表TSA员工的工会警告称,ICE执法人员没有接受过履行TSA职责的适当培训。在3月23日ICE被部署到美国机场几天后,Washington Post援引受影响机场的数据报道称,移民局执法人员的存在并未减少排队时间,部分旅客需要四个小时或更长时间才能通过安检。甚至白宫新闻秘书Karoline Leavitt在3月25日也承认,尽管有ICE的协助,机场的等待时间并没有像“我们希望的那样”减少。几位接受TIME采访的TSA员工暗示,在某些情况下,ICE执法人员阻碍了实际工作。一位来自LaGuardia的TSA员工告诉Curbed,一些ICE官员在机场是“拿钱不干活”。然而,Homan为ICE在机场的存在进行了辩护。“排队时间已经减少了。我在休斯顿——排队时间减少了大约一半。昨天我们派了更多的执法人员去巴尔的摩,以缩短那里的排队时间。”Baltimore-Washington International Airport表示,安检站的等待时间在周日“显著改善”,尽管它没有将这种改善归功于ICE,并且仍然提醒旅客在预定起飞前3小时到达。“我可以理解TSA工会的立场,”Homan在针对ICE在机场工作的批评声中表示。“他们想领工资。他们感到很沮丧。但是,事实是,在我们派遣ICE官员的每个地方,排队时间都减少了。而且还需要进一步减少。”本文由第三方内容提供商提供。SeaPRwire (https://www.seaprwire.com/)对此不作任何保证或陈述。 分类: 头条新闻,日常新闻 SeaPRwire为公司和机构提供全球新闻稿发布,覆盖超过6,500个媒体库、86,000名编辑和记者,以及350万以上终端桌面和手机App。SeaPRwire支持英、日、德、韩、法、俄、印尼、马来、越南、中文等多种语言新闻稿发布。
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Texas Focuses on Prediction Markets Before 2027 Legislative Session iGame

Texas Focuses on Prediction Markets Before 2027 Legislative Session

(AsiaGameHub) - Texas lawmakers are gearing up to conduct a thorough review of the explosive growth of prediction market platforms, as Lieutenant Governor Dan Patrick has placed the issue near the top of the Senate’s interim agenda leading up to the 2027 legislative session. Texas Senate to Examine the Rising Clout of Prediction Markets The directive has been issued alongside mounting worries that these platforms, which let users speculate on the outcomes of events ranging from elections to sports matches, may be operating in an ambiguous legal space. While traditional gambling options like casinos and sports betting remain prohibited in Texas, prediction markets have expanded by operating under federal regulatory frameworks that differ from state gambling rules. Patrick has tasked the Senate’s State Affairs Committee with looking into how these platforms operate and whether they circumvent existing restrictions. Lawmakers are expected to evaluate how event-based contracts are offered, and if they bear similarities to betting activities prohibited under state law. The move reflects increasing unease among state officials about the potential impacts on election integrity and public trust. Per the directive, the Senate should explore how these markets could affect political processes if users are able to wager on election results. Concerns also extend to sports, where similar structures could mirror traditional betting despite existing bans. Texas Sees Expanding Discussion Over Regulating Emerging Betting Models Texas offers a unique context for this debate. The state has long pushed back against efforts to legalize most forms of gambling, and Patrick himself has opposed proposals to expand gaming access. This restrictive stance has made the rise of prediction markets even more noticeable, as they provide an alternative path for speculative activity that does not fall under current prohibitions. Lawmakers are also set to investigate how federal oversight of derivatives and financial instruments overlaps with state-level gambling rules. The goal is to determine whether additional legislation is needed to close what officials describe as loopholes that allow these platforms to operate. Beyond identifying potential risks, the Senate committee will be asked to put forward policy recommendations. These could include stricter regulations, clearer definitions of what counts as gambling, or new enforcement tools designed to limit access to such platforms within Texas. The issue is gaining traction beyond the state. At the federal level, policymakers have already begun discussions about whether prediction markets should face tighter controls when tied to sensitive topics like government actions or national security. As Texas prepares for its next legislative session, its examination of prediction markets signals a broader push to update existing laws to match emerging digital platforms. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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T-RIZE Structures Up to $500 Million Private Credit Digital Bond Programme on Canton Network SeaPRwire

T-RIZE Structures Up to $500 Million Private Credit Digital Bond Programme on Canton Network

Programme issued through Kairos Litigation Limited, with first $50 million tranche scheduled to launch in the near term for eligible U.S. and European investors through compliant broker-dealers LONDON, UK – March 30, 2026 – (SeaPRwire) – T-RIZE Group (https://www.t-rize.io) today announced its role in structuring a private credit digital bond programme of up to $500 million for Horizon Group through Kairos Litigation Limited, a UK-based bankruptcy-remote special purpose vehicle established as the issuer for the programme. Horizon Group acts as programme manager. The programme will begin with an initial $50 million tranche launching shortly for eligible investors in the United States and Europe on the Canton Network, with capacity for additional tranches over time. The announcement highlights T-RIZE’s institutional tokenization capability: structuring highly complex underlying exposures into institutionally governed, fixed-yield digital instruments built for professional markets. For the Kairos programme, T-RIZE has digitally structured a specialized private credit strategy into a market-ready issuance framework built on ring-fenced architecture, disciplined governance, permissioned investor access, and full lifecycle administration. Its role spans tokenization design, digital issuance architecture, governance and control logic, onchain instrument creation, lifecycle management, and reporting architecture required for institutional operation. The underlying exposure is a highly granular portfolio of UK litigation-finance receivables, a segment of private credit historically outside digital capital markets. T-RIZE has helped bring that exposure into a digital bond format designed for institutional use, combining fixed-yield economics, short-duration deployment, and a clearer structural framework for investor oversight. The credit architecture combines multiple protection layers. The issuer structure is bankruptcy-remote. Assets and related cash flows are ring-fenced. Risk is segmented through independent validation, and claim-level protection mechanisms. The capital-protection layer is supported by a performance-bond framework with reinsurance support from A-rated international reinsurers. Together, these features strengthen capital protection, improve cash-flow predictability, and support a stronger and transparent risk/reward profile than direct exposure to the underlying assets alone. T-RIZE is also providing the digital operating layer through which the tokens are minted, and administered on Canton Network. It supports onboarding, eligibility controls, credential management, transfer permissions, token lifecycle management, and governance execution. Critical actions are governed through a control framework incorporating multi-party computation and multi-signature approval logic, reinforcing institutional operating standards, and reducing single-point failure risk. The framework also includes collateral functionality scheduled for later activation, positioning the instrument over time for broader use across financing, treasury and liquidity workflows as institutional digital market infrastructure matures. For major financial institutions, the significance extends well beyond a single issuance. It demonstrates that T-RIZE can take complex private credit structures, architect them from the ground up, transform them into digitally native frameworks designed for institutional execution, governance, and scale. “This programme reflects the level of structuring, control and technical integration required for institutional private credit to operate effectively in digital markets,” said Madani Boukalba, Founder and CEO of T-RIZE Group. “T-RIZE helps institutions restructure highly complex, market-agnostic exposures into fixed-yield digital instruments with transparent structural protections and a clear onchain transparency layer across the life of the instrument. That opens access to structured opportunities that have traditionally remained difficult for institutions to reach in standardized form, while allowing them to benefit from attractive risk/reward dislocations with stronger governance, visibility and lifecycle control.” T-RIZE also holds a strong position within Canton Network. It is a Premier Member of the Canton Foundation, an early validator and a builder of production-grade tokenization infrastructure on the network. Canton Network now functions as institutional market infrastructure, with live tokenization, active collateral and repo workflows, and growing participation from major regulated institutions. T-RIZE is engineering the Kairos programme inside that framework so it aligns not only with institutional issuance standards today, but with the next phase of market utility; interoperability, governed execution, and future collateral activation on Canton Network rails. Ann-Marie Bell, CEO of Kairos Litigation Limited, said: “T-RIZE helped us translate a complex private credit structure into a market-ready institutional digital issuance. Their contribution across structuring, governance design, control architecture, compliance logic, and technical implementation was instrumental in bringing the first tranche to market.” More broadly, the transaction positions T-RIZE as a structuring partner for institutions seeking to bring complex opportunities into a governed digital issuance framework on Canton Network, with the standards of control, transparency, and execution required by professional markets. About T-RIZE Group T-RIZE Group is a financial technology company building institutional-grade tokenization infrastructure for digital securities, structured products, and real-world assets. The company structures, tokenizes, issues and administers compliant digital instruments across asset classes including private credit, funds, securities, bonds, commodities, and real estate. T-RIZE Labs, the group’s R&D division, advances next-generation tokenization systems, and digital market architecture. T-RIZE’s technology stack is engineered to institutional and defense-grade security standards and deployed on Canton Network for interoperability, governed execution, and future collateral activation. About Kairos and Horizon Group Kairos Litigation Limited is a UK-based special purpose vehicle established to issue digital loan notes and support the structured financing of eligible underlying receivables within a ring-fenced institutional framework. Horizon Group acts as programme manager and brings more than five years of operating history and a zero-default track record across its lending portfolio, supporting origination, underwriting framework, servicing oversight, and portfolio administration in connection with the programme. Media Contact Brand: T-RIZE Group Contact: Media team Email: press@t-rize.ioWebsite: https://www.t-rize.io
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Asiaray Profit for the Year Surges for Two Years in a Row Rising 101.8% YoY to RMB21.0 Million ACN Newswire

Asiaray Profit for the Year Surges for Two Years in a Row Rising 101.8% YoY to RMB21.0 Million

HONG KONG, Mar 30, 2026 - (ACN Newswire via SeaPRwire.com) - Asiaray Media Group Limited (“Asiaray” or the “Group”; stock code: 1993.HK), an established out-of-home (“OOH”) media company with a strategic focus on advertising media management at mass transportation hubs, has announced its annual results for the financial year ended 31 December 2025 (the “Year”), delivering a second consecutive year of net profit growth and a third consecutive year of gross profit margin improvement. Profit for the year rose by 101.8% to RMB21.0 million, compared with RMB10.4 million in 2024 and a net loss of RMB9.9 million in 2023, while gross profit margin increased to 33.8%, from 28.7% in 2024 and 21.9% in 2023. Gross profit reached RMB309.8 million (2024: RMB306.7 million), supported by the Group’s ongoing portfolio optimization, asset upgrading and disciplined execution, despite a still-challenging operating environment.During the Year, the Group continued to improve the quality of its media portfolio and strengthen operational efficiency. Revenue was RMB916.1 million, compared with RMB1,069.2 million in 2024, reflecting the Group’s deliberate focus on higher-quality assets and more profitable growth. The Group also maintained a healthy financial position, with cash and cash equivalents, including restricted cash, amounting to RMB200.3 million as at 31 December 2025, providing a solid foundation for future development. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to RMB363.6 million.Business HighlightsMetro Lines and Billboards Segment Posts Strong Results via Innovation and Optimized OperationsThe segment delivered strong results, supported by continued demand for prime advertising resources and the Group’s disciplined operating approach. Segment revenue increased to RMB497.5 million, while gross profit rose to RMB187.0 million and gross profit margin expanded to 37.6%, up from 26.0% in 2024, increased by 11.6 percentage points. The improvement reflected stronger performance across Hong Kong billboards, metro media in Mainland China and Singapore’s Thomson-East Coast MRT Line.During the Year, the Group’s billboards in prime locations in Hong Kong continued to attract strong advertiser interest, with bookings fueled by mega events and stronger market activity. Building on this momentum, the Group was granted the exclusive concession for advertising media resources at the Eastern Harbour Crossing, further strengthening its footprint across the city’s key transport arteries. Meanwhile, expanding beyond traditional billboards, the Group introduced innovative formats such as building wraps and ferry-pier coverings, pushing the boundaries of OOH advertising. These initiatives solidified the segment’s position as a key growth driver for the Group.Bus and Other Segment Revitalizes through Merging Creativity with Engineering ExcellenceThe segment continued to improve profitability through portfolio refinement and stronger operating discipline. Segment revenue was RMB236.9 million, while gross profit reached RMB96.0 million and gross profit margin increased to 40.5%, compared with 25.2% in 2024, improved by 15.3 percentage points. This reflected the Group’s continued focus on asset quality, return enhancement and a more efficient operating structure.With a refined portfolio, the Group revitalized the segment by delivering creative, impactful advertising, such as immersive bus shelter campaigns for beverage brands that engaged commuters through “five senses” experiences and interactive installations. Leveraging its solid experience with Sydney bus shelters, the Group successfully delivered several advanced engineering projects, including an 820m² rooftop LED retrofit. It also upgraded city-wide bus shelters into a smart Digital Out-of-Home (“DOOH”) network featuring panels with real-time performance and cutting-edge technology enabling context-aware, data-driven creative adjustments. These improvements have boosted campaign effectiveness and reinforced the segment’s long-term value.O&O New Media Strategy and DOOH+ Platform Enhance Value for Advertisers, Media Resources Owners and AudiencesThe Group continued to advance its Outdoor and Online (“O&O”) New Media Strategy and DOOH Plus (“DOOH+”) platform which remain central to its long-term growth plan. By combining premium OOH resources with online and data-driven capabilities, the Group has been able to deliver more measurable and more effective advertising solutions.One of the key highlights during the Year was a multi-month bus shelter takeover for a leading beverage brand, in which the Group regularly refreshed creative concepts with interactive games, multi-sensory installations, and 3D setups. By maintaining high engagement over an extended period, the campaign demonstrated the Group’s ability to turn individual projects into longer-term partnerships through sustained creative excellence and O&O-enabled audience experiences.Moreover, the Group further strengthened its programmatic DOOH capabilities and deepened cooperation with key ad-tech partners. One such campaign for a contact-lens brand used dynamic creative optimization at bus shelters, displaying real-time temperature and UV-index data and automatically adjusting content to current weather conditions. This context-aware execution showcased the Group’s ability to deliver precise, real-time O&O solutions that create added value for both brands and audiences, reinforcing O&O as a key driver of optimization and profitable growth.ProspectsAsiaray will continue to pursue disciplined growth through portfolio optimization, operational excellence, and selective investment in high-potential media assets. Building on its proven strategies and positioning O&O as the central driver of growth, the Group believes this approach provides a sound foundation for sustainable development, even amid ongoing macroeconomic uncertainty. Looking ahead, the Group will remain focused on strengthening its core platforms across transport hubs, expanding data-driven solutions, and creating long-term value for shareholders and stakeholders.Mr. Vincent Lam JP, Chairman and Executive Director of Asiaray, concluded, “We are pleased with the continued improvement in our profitability and margin performance. These results reflect the discipline of our strategy and the commitment of our team. While the market remains challenging, we believe our stronger operating foundation and clearer strategic direction position us well for the future.”About Asiaray Media Group Limited (stock code: 1993.HK)Established in 1993, Asiaray is an out-of-home media company in Greater China with a strategic focus on managing mega transport advertising media, including airports, metro lines, and high-speed rail lines. As of now, the Group’s business network spans nearly 40 cities in Greater China, with advertising media resources available at over 25 airports (including exclusive concession rights at 22 airports); providing exclusive advertising media resources in a total of 15 metro lines, including the Singapore Thomson-East Coast Line (TEL), and a total of16 high-speed rail line and railway stations, including the High-Speed Rail Hong Kong West Kowloon Station and the China-Laos Railway (Yumo Line). Additionally, the Group has been granted exclusive advertising media resources at the Hong Kong-Zhuhai-Macao Bridge (Zhuhai Port), as well as on KMB and LWB bus shelters. In recent years, the Group has actively engaged in programmatic advertising transactions with various ad-tech partners such as Hivestack by Perion, and Vistar Media by T-Mobile.Asiaray is also dedicated to investing in corporate social responsibility and environmental protection initiatives. The company has received the “Hong Kong Green Organisation” award and has been recognised as a “Caring Company”.For more detailed information about Asiaray, please visit its official website: www.asiaray.com or follow the Group’s WeChat official account via the QR code provided (ID: asiaray_airport). Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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雅仕维传媒年度溢利两连升 按年涨101.8%至人民币2,100万元 ACN Newswire

雅仕维传媒年度溢利两连升 按年涨101.8%至人民币2,100万元

香港, 2026年3月30日 - (亚太商讯 via SeaPRwire.com) - 雅仕维传媒集团有限公司("雅仕维传媒"或"集团";股份代号:1993.HK),策略重心定于交通枢纽广告媒体经营的知名户外媒体公司,公布截至2025年12月31日止年度("本年度")的全年业绩,实现纯利连续两年增长、同时毛利率连续三年提升的佳绩。本年度溢利按年攀升101.8%至人民币21.0百万元,2024年为人民币10.4百万元,2023年则录得净亏损人民币9.9百万元;毛利率亦由2024年的28.7%、2023年的21.9%进一步升至33.8%。尽管经营环境仍充满挑战,凭借集团持续推进业务组合优化、资产升级,以及严谨高效的执行策略,录得毛利达人民币309.8百万元(2024年:人民币306.7百万元)。本年度,集团持续提升媒体组合质素、强化营运效率,录得收益人民币916.1百万元,较2024年的人民币1,069.2百万元有所调整,充分反映集团刻意聚焦高质素资产及更具盈利能力的增长、而非单纯追求规模的经营方针。于2025年12月31日,集团维持稳健的财务状况,现金及现金等价物(包括受限制现金)为人民币200.3百万元,为未来发展奠定稳固基础,同时维持充足的财务灵活性;未计利息、税项、折旧及摊销前盈利(EBITDA)为人民币363.6百万元。业务摘要地铁线及广告牌分部凭借创新与优化营运录得强劲业绩分部受惠于市场对优质广告资源的持续需求,配合集团严谨的营运方针,录得亮丽业绩,分部收益增至人民币497.5百万元,毛利升至人民币187.0百万元,毛利率更由2024年的26.0%扩展至37.6%,大幅上升11.6个百分点,有关改善主要受香港广告牌、内地地铁媒体及新加坡汤申 - 东海岸地铁线的业务表现向好带动。本年度,集团位于香港核心地段的广告牌持续获广告商青睐,预订量受各类大型盛事及更活跃的市场推广活动带动进一步攀升,集团亦乘势取得东区海底隧道广告媒体资源的独家专营权,进一步巩固于本港主要交通干线的版图。与此同时,集团跳出传统广告牌的框架,推出建筑外墙包装、渡轮码头覆盖式广告等创新形式,突破户外广告的边界,相关举措进一步巩固了该分部作为集团核心增长动力的地位。巴士及其他分部融合创意与顶尖工程实力实现业务革新分部透过优化业务组合及加强营运纪律,持续提升盈利能力,录得分部收益人民币236.9百万元,毛利人民币96.0百万元,毛利率更由2024年的25.2%上升至40.5%,显著提升15.3个百分点,有关改善反映集团持续专注提升资源质素、增加回报及建立更高效的营运架构。凭借优化后的业务组合,集团透过提供具创意、高影响力的广告方案为分部注入新活力,包括为饮品品牌打造沉浸式巴士候车亭广告活动,以"五感"体验及互动装置吸引通勤人士参与。集团凭借在悉尼巴士候车亭项目中累积的丰富经验,成功交付多项高规格工程项目,包括一个面积达820平方米的天台LED改造工程;亦完成全港巴士候车亭升级,将传统设施转化为智慧数码户外广告(DOOH)网络,当中的广告牌配备实时营运数据监测功能,并搭载尖端技术,可按实时场景、以数据驱动调整广告创意内容,该等优化措施有助提升广告活动成效,并巩固分部的长远价值。O&O新媒体策略及DOOH+平台为广告主、媒体资源拥有人及受众创造价值集团持续推进作为其长远增长计划核心的户外线上("O&O")新媒体策略及DOOH+平台,并透过整合优质户外资源与线上数据驱动能力,提供更可量化、更具成效的广告方案。本年度的核心亮点之一,是为领先饮品品牌开展为期数月的巴士候车亭专属广告活动,期间集团定期以互动游戏、多感官装置及3D布置更新创意概念,透过长时间维持高互动度,该活动充分展现本集团凭借一以贯之的卓越创意能力及 O&O 驱动的受众体验,将单一项目转化为长期合作关系的核心实力。此外,集团进一步强化程序化数码户外广告(pDOOH)能力,并深化与主要广告科技合作伙伴的合作,其中为隐形眼镜品牌开展的广告活动,于巴士候车亭运用动态创意优化技术,显示实时温度及紫外线指数数据,并按当前天气状况自动调整投放内容。这种场景化的执行方式,展现集团提供精准、实时的O&O解决方案的能力,为品牌及受众双方创造附加价值,同时印证O&O是集团业务优化及盈利增长的核心驱动力。前景展望雅仕维传媒将继续透过业务组合优化、卓越营运及择优投资高潜力媒体资产,实现稳健增长,集团以经验证的策略为基础,将O&O定位为核心增长驱动力,相信即使宏观经济仍存在不确定性,有关方针仍可为可持续发展奠定稳固基础。展望未来,集团将继续专注巩固交通枢纽等核心平台、拓展数据驱动解决方案,并为股东及持份者创造长远价值。雅仕维传媒主席兼执行董事林德兴先生(太平绅士)总结:"我们对盈利能力和利润率表现持续改善感到欣喜,有关业绩印证了我们战略的严谨性,以及团队的全力付出。尽管市场仍充满挑战,我们相信更稳固的营运基础及更清晰的战略方向,将为我们的未来发展奠定良好优势。"关于雅仕维传媒集团有限公司(股份代号:1993.HK)雅仕维传媒成立于1993年,是大中华区的户外媒体企业,以机场、地铁线、高铁线等大型交通枢纽广告媒体管理为战略核心。时至今日,集团的业务网络覆盖大中华区近 40 个城市,于超过25个机场拥有广告媒体资源(包括 22 个机场的独家专营权),同时为包括新加坡汤申 - 东海岸地铁线(TEL)在内的合共15条地铁线,以及包括高铁香港西九龙站、中老铁路(玉磨线)在内的合共16条高铁线及车站提供独家广告媒体资源。此外,集团亦取得港珠澳大桥(珠海口岸)、九巴及龙运巴士候车亭的独家广告媒体资源,近年来更积极与 Hivestack by Perion及 Vistar Media by T-Mobile等多个广告科技合作伙伴开展程序化广告交易合作。雅仕维传媒亦致力投入企业社会责任及环保举措,曾获颁"香港绿色机构"认证,并获选为"商界展关怀"机构。有关雅仕维传媒的更多详细资讯,请浏览官方网站www.asiaray.com,或透过提供的二维码关注集团的微信官方帐号(ID:asiaray_airport 或 雅仕维传媒集团)。 Copyright 2026 亚太商讯 via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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中奥到家:2025年溢利逆势大增22.5% 多元协同筑牢稳健发展底盘 ACN Newswire

中奥到家:2025年溢利逆势大增22.5% 多元协同筑牢稳健发展底盘

香港, 2026年3月30日 - (亚太商讯 via SeaPRwire.com) - 2025年,物业管理行业仍处于深度调整期。房地产市场结构性变化、物业费收缴压力加大、人工成本持续攀升,多重因素对物管企业的盈利能力与现金流管理提出了更高要求。在此背景下,中奥到家(1538.HK)于3月27日发布了2025年全年业绩公告,释放出一系列稳健向好的信号。营收稳健、利润高增,盈利质量显著改善数据显示,中奥到家全年实现收益18.43亿元(单位:人民币,下同),同比增长3.6%;年内溢利1.13亿元,同比大幅增长22.5%;毛利约3.84亿元,同比增长4.6%,毛利率微升至20.8%。经营性现金流持续为正,资产负债结构稳健,派息保持稳定。管理层在公告中分析,利润的高速增长主要得益于三方面因素的共同作用:一是营收增长与毛利率提升共同推动了毛利的增加;二是销售及分销开支与行政开支实现“双降”,费用管控成效显著;三是金融资产减值亏损净额同比减少约1131万元,资产质量的优化为利润增厚提供了有力支撑。财务基本面持续夯实,公司全年经营性现金流保持稳健,净现金状况达5.91亿元,流动比率提升至1.8倍。截至2025年末,公司在手现金及现金等价物约6.31亿元,为后续业务拓展与抗风险能力提供了坚实保障。稳健回馈股东,派息政策保持连续公司董事会建议派发2025年末期股息每股2.5港仙,全年派息与上年持平,延续了稳定的派息政策。中奥到家上市以来持续保持稳健的分红节奏,充分体现出管理层对未来现金流可持续性的信心,也反映出公司盈利质量的真实底色。数据来源:同花顺iFIND物管主业压舱,清洁绿化高增,其他业务主动收缩公司坚持聚焦核心、多元协同,三大业务板块分化发展,筑牢增长底盘。作为核心主业的物业管理服务,2025年实现收益约13.88亿元,同比增长4.3%。截至2025年末,公司已交付订约管理的物业项目共553个,覆盖全国31个城市,总合约建筑面积约6100万平方米,其中住宅物业仍是主力,同时亦涵盖商业及政府楼宇等业态。清洁及绿化业务成为本年度业绩亮点,收益约3.27亿元,同比大幅增长14.4%,集团在该领域持有国家一级环卫清洁服务企业资质及ISO三体系认证,为其拓展非住业态、参与城市服务奠定了坚实基础。相比之下,其他业务收益约为1.28亿元,同比减少21.0%。系公司主动收缩非核心业务、聚焦主业的战略优化,提升资源配置效率。结语展望未来,中奥到家坚持独立物管服务商定位,依托多元业务协同、区域深耕策略、精细化运营能力,已构建起较为稳固的发展底盘。在行业从“规模导向”转向“质量导向”的新阶段,中奥到家凭借稳健的财务结构、持续优化的盈利能力、多元协同的业务布局,正逐步走出一条以专业能力穿越周期的稳健发展之路。 Copyright 2026 亚太商讯 via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Judge Rejects NCAA Bid to Stop DraftKings from Using March Madness Trademarks iGame

Judge Rejects NCAA Bid to Stop DraftKings from Using March Madness Trademarks

(AsiaGameHub) - Federal Judge Tanya Walton Pratt turned down the National Collegiate Athletic Association’s (NCAA) application for a temporary restraining order intended to stop DraftKings from utilizing trademarks linked to the NCAA’s basketball tournaments. Judge Rules in Favor of DraftKings Last week, the NCAA submitted a complaint requesting that a federal court order DraftKings to cease using terms like March Madness, Final Four, Elite Eight, and others in relation to the 2026 college basketball tournaments. DraftKings has employed several widely recognized terms to refer to the NCAA Tournament for more than five years, and it is legally allowed to keep doing so. Judge Pratt determined that the NCAA had not sufficiently demonstrated that it would suffer irreparable damage from DraftKings’ ongoing use of its trademarks. Timing was a critical factor in the ruling, as the court pointed out that DraftKings has been using the contested terms for over five years. This aspect undermines the NCAA’s claim of urgency. Per the court, this delay in acting weakened the argument for immediate intervention, creating a major obstacle for the association’s legal challenge at this point. It’s important to note, though, that the judge’s decision did not dismiss the NCAA’s wider claims. Judge Pratt also observed that the organization might still win on the substance of its trademark case as the legal proceedings move forward. The ruling means that DraftKings can keep using the terms for the time being, but the final result could still be in the NCAA’s favor over time. The case is still ongoing in the Southern District of Indiana, where the NCAA is currently getting ready to pursue its claims via the discovery process and possibly a jury trial. However, DraftKings will retain the right to use the disputed terms for the rest of the 2026 tournaments. What Was DraftKings’ Response? In a prior statement made when the NCAA first filed its complaint, DraftKings described the contested terms as “the widely recognized names for the tournaments and their rounds, used by millions of college basketball fans, journalists, and those involved in the sports-betting industry.” The company also noted that these are the same terms used by other online sportsbooks, none of which have been the subject of the NCAA’s complaint. DraftKings also criticized the NCAA’s request for a restraining order, stating it is based on a “contrived and manufactured ‘emergency.’” Additionally, DraftKings pointed out that the NCAA maintains a commercial partnership with a firm that supplies in-game data to sportsbooks. In other recent updates about DraftKings, the company has just launched a new product called DK Replay, initially available in Oregon. DraftKings promotes this new offering as an exciting and innovative way for MLB fans to engage in betting. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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康沣生物2025年营收飙升78% 亏损大幅收窄60% 冷冻治疗龙头商业化步入快车道

香港, 2026年3月30日 - (亚太商讯 via SeaPRwire.com) - 专注于微创介入冷冻治疗领域的创新医疗器械平台企业——康沣生物科技(上海)股份有限公司("康沣生物"或"公司",股份代号:6922.HK)近日公布其截至2025年12月31日止年度的年度业绩。报告显示,公司商业化进程全面提速,核心财务指标表现卓越,全年收入实现跨越式增长,同时经营效益显著改善,亏损大幅收窄,展现出强大的成长动能与平台价值。营收高速增长,亏损大幅收窄,经营质量持续提升2025年,康沣生物实现收入人民币9526.8万元,较2024年同期的5353.1万元激增78.0%。年内亏损大幅收窄至人民币4445.6万元,较2024年同期的1.11亿元显著减少60.0%,展现出卓越的运营效率与成本控制能力。公司整体毛利达到人民币6398.4万元,同比增长66.6%。毛利率保持在67.2%的健康水平。报告期内,公司持续优化研发效率,研发开支同比减少58.6%至人民币3043.8万元,这主要得益于部分产品完成注册后相关投入减少,以及员工成本优化,反映了公司研发管线正从早期投入期向后期收获期稳步过渡。冷冻产品矩阵全面发力,呼吸介入成增长核心引擎业绩的强劲增长,主要得益于公司基于独特液氮冷冻消融技术和柔性导管技术平台打造的冷冻治疗产品线进入商业化放量阶段。其中,呼吸介入产品线表现尤为亮眼,成为驱动收入增长的绝对主力。2025年3月,公司的恶性狭窄冷冻消融系统获得中国国家药监局(NMPA)批准,并于同年5月成功商业化上市,销量迅速攀升。此外,此前已上市的冷冻粘连治疗系统销量亦持续增长。与此同时,公司与国际医疗巨头波士顿科学(波科)在中国市场的经销合作进一步深化,为公司贡献了可观的增量收入。更值得关注的是,公司的哮喘冷冻消融系统于2025年7月获得美国食品及药物管理局(FDA)授予的"突破性医疗器械"认证,标志着其创新技术获得国际权威认可,为未来进军全球市场奠定了坚实基础。成功完成新股配售,夯实资金基础助力全球拓展为支持未来研发及市场扩张,公司于2026年1月成功完成向特定投资者配售新H股。此次配售共发行5,595,000股H股,募集所得款项净额约为2973万港元。公司计划将募集资金主要用于血管介入、呼吸介入及肿瘤介入相关微创介入产品的研发、生产及商业化,以及为这些产品商业化的潜在海外业务扩张提供资金支持。此次融资不仅增强了公司的现金储备,为后续高价值在研产品(如肺周结节冷冻消融系统、慢阻肺冷冻喷雾治疗系统、哮喘冷冻消融系统及针对顽固性高血压的Cryofocus冷冻消融系统等)的临床开发和全球注册提供了坚实的资金保障,也彰显了专业投资机构对公司技术平台和长期发展前景的信心。展望未来:平台化优势凸显,迈向全球冷冻治疗领军者康沣生物凭借"一平台、多赛道"的独特商业模式,构建了涵盖血管介入、呼吸介入、肿瘤介入等多领域的强大产品管线。目前公司拥有总计25款产品组成的管线库,其中11款已实现商业化。随着更多产品陆续进入临床后期及报批阶段,公司平台价值有望持续释放。展望未来,康沣生物表示将继续执行清晰战略:迅速推动在研产品的临床开发和商业化;基于核心技术平台进一步扩大产品组合;持续投入底层技术研发;并选择性地拓展全球业务。公司正稳步从研发驱动向研发与商业化双轮驱动转型,朝着成为"全球微创介入冷冻治疗医疗器械平台"的愿景坚实迈进。 Copyright 2026 亚太商讯 via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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JS Global Announces 2025 Annual Results, Adjusted Net Profit Up 338% ACN Newswire

JS Global Announces 2025 Annual Results, Adjusted Net Profit Up 338%

HONG KONG, Mar 30, 2026 - (ACN Newswire via SeaPRwire.com) - JS Global Lifestyle Company Limited (Stock Code: 1691.HK) ("JS Global" or the "Group") has announced its annual results for 2025, reporting revenue of USD1.66 billion, representing a year-on-year increase of 4.1%. Gross profit was USD534 million, up 4.6% year-on-year, with gross profit margin improving to 32.2%. On an adjusted basis, the Group’s revenue from third parties reached USD1.565 billion, an increase of 14.8% year-on-year, while adjusted net profit was USD31.10 million, up 338.0% year-on-year. This demonstrates the very strong performance of the Group’s core operations and a clear improvement in profitability on an adjusted basis.In 2025, the SharkNinja APAC segment delivered strong growth, mainly driven by continued market share gains of its core product categories, successful expansion into new product categories and rapid entry into new markets. For example, in the cordless vacuum cleaner market in Japan, the brand strength and product competitiveness of Shark continued to improve. At the same time, the Group continued to launch new products in the Japan market, such as upgraded portable blenders and new cooking appliances, further enriching Ninja’s product portfolio in Japan. The Group’s core categories in Australia and New Zealand also continued to perform well, mainly benefiting from the strong performance of new products such as cordless vacuum cleaners, ice beverage makers and coffee machines. In other countries and regions in Asia Pacific, the Group is also actively expanding, accelerating its layout and development in emerging markets.In 2025, the Joyoung segment achieved modest growth in domestic sales revenue, mainly driven by the contribution of differentiated new products and product mix optimisation, and realised a recovery in profitability through initiatives such as tighter control of selling expenses and improved marketing efficiency. Various “trade-in of old for new” and “government subsidy” policies launched by different levels of government in China boosted demand for certain mid- to high-end products. In response, Joyoung promptly launched its “Space Series” of new products, which focus on key value propositions such as high quality, stylish design, outstanding value-for-money and health and wellness, enhancing consumers’ quality of life while better addressing their emotional needs.Overall, in 2025, while maintaining steady revenue growth, JS Global further strengthened the growth potential and earnings resilience of its principal businesses. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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MHI Innovative Combustion Dynamics Laboratory is Established at Kyoto University with the Aim of Developing and Socially Implementing World-Leading Technology JCN Newswire

MHI Innovative Combustion Dynamics Laboratory is Established at Kyoto University with the Aim of Developing and Socially Implementing World-Leading Technology

TOKYO, Mar 30, 2026 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) and Kyoto University will operate an industry-academic laboratory, MHI Innovative Combustion Dynamics Laboratory, from April 1, with the aim of building world-class GTCC (gas turbine combined cycle) power plants with efficiency of over 70% and carbon-neutral combustion technology along with developing next-generation talent in deep-tech fields.With global demand for electricity trending up and data centers being expanded due to advances in electrification and the popularization of generative AI, balancing a stable supply of electricity with decarbonization is a critical issue worldwide. These circumstances have seen an increase in demand for gas turbines as a core power source due to their high efficiency, highly adjustable output, and ability to supplement renewable energy while contributing to the reduction of CO2 emissions. In the future, it is expected that gas turbines will be central in supporting the realization of a carbon-neutral society due to their compatibility with clean, zero-carbon fuels such as hydrogen.Combustion technology is a core element. Combustion control that achieves both high efficiency and ultra-low emissions is a field in which Japan has honed its strengths for many years, and is an aspect that makes Japanese manufacturers internationally competitive. Ongoing investment in R&D and development of the next generation of personnel in this field is a critical initiative that will directly increase competitiveness and lead to ongoing development of Japan's energy industry.In this laboratory, MHI will install combustion test rigs to elucidate the combustion mechanism of actual engines, utilize advanced measurement technology and numerical simulations to understand phenomena, and work to create combustion technology with new concepts, in order to fulfill its aims of pursuing innovative GTCC technology with an efficiency of over 70% and realizing carbon-neutral combustion technologies. Research will also be conducted with a view to social implementation, covering various forms of combustion such as rocket engine combustion, supersonic combustion, and reciprocating engine combustion in addition to GTCC. These initiatives will be a driving force for the realization of academic endeavors that also create social value, and will contribute to the development of the next generation of talent in deep-tech fields.Through these initiatives, MHI will continue to produce world-leading products and fulfill the aims of Innovative Total Optimization (ITO) to expand MHI's domain and achieve overall optimization.Summary of Industry-Academic LaboratoryName of laboratory: MHI Innovative Combustion Dynamics LaboratoryPeriod of laboratory: April 1, 2026 - March 31, 2031 (five years)Faculty member (full time): Naoto Horibe, Program-Specific Professor, Department of Mechanical Engineering and Science, Graduate School of Engineering, Kyoto UniversityFaculty member (part time): Ryoichi Kurose, Professor, Department of Mechanical Engineering and Science, Graduate School of Engineering, Kyoto UniversityFaculty member (part time): Jun Hayashi, Professor, Energy Conversion Science Dept., Graduate School of Energy Science, Kyoto UniversityActivities: Installation of combustion testing equipment that can recreate phenomena occurring in actual equipment, utilization of various forms of measurement and numerical calculation to understand phenomena, and development of next generation of personnel with the aim of pursuing innovative combustion technology for GTCC power plants with efficiency of over 70% and realizing carbon-neutral combustion technologiesAbout MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com Copyright 2026 JCN Newswire via SeaPRwire.com. All rights reserved. www.jcnnewswire.com
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