Tag: distributor
Kingworld Medicines Group Issues Positive Profit Alert for 2021
The positive profit alert was based on preliminary assessment of the unaudited consolidated management accounts of the Group for 2021 and information currently available to the Board. The Board attributes the increase in profit mainly to the market recovering from the COVID-19 pandemic outbreak pushing up the turnover and gross profit of imported branded pharmaceutical and healthcare products distributed in China in 2021 by approximately 45% to 50% and approximately 65% to 70%, respectively, against the previous year. The management of the Company also adopted effective measures against the COVID-19 pandemic outbreak to reduce costs and improve efficiency, thus enhancing the Company's overall competitiveness.
Shenzhen Dong Di Xin Technology Company Limited, Kingworld Medicines' non-wholly owned subsidiary, is a manufacturer producing various medical devices including infrared thermometers. Affected by a drop in sales of anti-Pandemic devices, the company is expected to record an approximately 34% to 39% decrease in profit for 2021 as compared with the previous year.
About Kingworld Medicines Group Limited
Kingworld Medicines (stock code: 01110.HK) has devoted more than 20 years to developing a comprehensive greater health industrial supply chain system. Its business covers over 34 provinces and municipalities in China, and it is among the Top 100 Import Enterprises of Pharmaceutical and Healthcare Products and Top 5 Sales of Imported Chinese Patent Medicine in the country. In-keeping with the new normal of consumption upgrade, it has constructed a complete online and offline new retail ecosystem. Its subsidiary Shenzhen Kingworld Medicines is a reputed distributor of branded pharmaceutical and healthcare products imported from overseas, including Nin Jiom Loquat Herbal Cough Syrup, Taiko Seirogan, Kingworld Imada Red Flower Oil, and Culturelle probiotics from the United States, etc., in the China market.
For further information, please visit http://www.kingworld.com.cn .
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comKingworld Medicines Group Limited (stock code: 01110.HK), a leading omni-channel enterprise providing greater health products and services in China, issued today a positive profit alert as it expects to record an approximately 155% to 160% increase in profit attributable to owners of the Company for 2021, as compared to RMB11.7 million for 2020.
Sisram Medical Ltd Announces 2021 Record Annual Results
FINANCIAL HIGHLIGHTS
-- Revenue for the year ended December 31, 2021 was US$294.3 million, increased by 81.6% as compared to the revenue for the previous year.
-- Profit for the year ended December 31, 2021 was US$32.5 million, increased by 121.5% as compared to that for the previous year.
-- Net cash flows from operating activities for the year ended December 31, 2021 was US$32.4 million, increased by 25.8% as compared to that for the previous year.
-- Significant growth in all regions, mainly in North America and APAC. Revenue in North America for the year ended December 31, 2021 was US$112.0 million, increased by 105.8% as compared to that for the previous year. Revenue in APAC for the year ended December 31, 2021 was US$85.2 million, increased by 95.3% as compared to that for the previous year.
BUSINESS HIGHLIGHTS
-- R&D investments increased by 42.3% YoY to US$15.6 million with 2 new products launched: "Alma Duo" and "Alma PrimeX".
-- Continued the development of two new business lines - (i) Copulla - a new, innovative digital dentistry service; (ii) LMNT, a personal care brand, now launching a light-based skin rejuvenation home use device.
-- The Group entered into a sub-license agreement with Fosun Industrial for the commercialization of "RT002" Injectable, the new generation of neurotoxins for medical aesthetics use. The Group's existing injectables distribution operation, registered a revenue growth of 50.1% year over year.
-- The Group entered into an investment agreement at the amount of RMB 2.6 million for the establishment of Tianjin Xingsiyi, a research & development, technical services and supply operation for silk fibroin-sodium injectables and facial implant thread products.
-- The Group has acquired the entire share capital of Shanghai Foshion Medical System to further enhance its dental business line.
-- The Group purchased the remaining 40% equity interest in its Israeli distributor, Nova Medical. Upon completion, Nova Medical is a wholly-owned subsidiary of the Company, rebranded as Alma Israel.
FINAL DIVIDEND
-- The Board has resolved to declare a final dividend of HK$0.157 (inclusive of tax) per Share for the year ended December 31, 2021.
Business Growth Projection for 2022
Based on an increase in the demand for the Company's products and the backlog of orders as of December 31, 2021, barring any unforeseen circumstances or material change in market conditions, the Group expects to record a significant growth in revenue of over 35.0% in the first half of 2022 as compared to the revenue recorded in the corresponding period in 2021.
Record results, strong subsidiaries performance, overall geographic performance uptake, continued investments in R&D and strong business development momentum In 2021, Sisram's established global sales and distribution network recorded a total revenue of US$294.3 million for the Reporting Period, representing an increase of 81.6% when compared to 2020. All regions revenue increased substantially during the Reporting Period with North America demonstrating an increase of 105.8%, Asia Pacific with an increase of 95.3%, Latin America with an increase of 76.3%, Europe with an increase of 49.7% and Middle East & Africa with an increase of 45.2%.
The gross profit increased from US$90.3 million in 2020 to US$166.9 million in 2021, representing an increase of US$76.6 million. The gross profit margin in 2021 amounted to 56.7%, representing an increase of 1% compared to 55.7% in 2020. The establishment of direct operation offices in chosen territories has enabled the Company to shorten the supply chain, increase the average selling price, gain a higher brand visibility and ensure consistency among the communications with the target clientele. During 2021, revenue derived from direct sales has surpassed revenue derived from distributors with 62.0% attributed to the former and 38.0% to the latter.
For the Reporting Period, the Group recorded an adjusted net profit of US$40.3 million representing an increase of 100.0% when compared with the corresponding period of 2020. The adjusted net profit margin for the Reporting Period was 13.7%. The net cash flow from operating activities amounted to US$32.4 million, representing an increase of 25.8% when compared to 2020.
In 2021, Sisram continued its substantial R&D efforts, with 13% of corporate employees being R&D specialists. During the Reporting Period, R&D expense increased by 42.3% to US$15.6 million from US$11.0 million for the corresponding period in 2020. During the Reporting Period, the Group launched 2 new products, "Alma Duo" and "Alma PrimeX", as well as expanded two business lines, "Copulla" - a new, innovative digital dentistry service, and "LMNT", a personal care brand, now launching a light-based skin rejuvenation home use device.
Continued Investments in Digital Transformation and Production Ramp-up
In 2021, Sisram continued the development of its digital core architecture with vast investments in Information Systems and Digitalization, encompassing traditional ERP and CRM modules, IoT solutions for professional capital equipment, marketing automation and consumer access. Over the past 3 years (2019-2021), Sisram invested more than US$6.5 million in information systems, upgrading its ERP and CRM infrastructure, migrating to cloud-based systems to serve the entire growing and diverse eco-system and implementing new digital tools for Internal organization management, external engagement mechanisms between the organization and the market and cyber security.
On the operational front, Sisram focused on addressing the pandemic effect by investing in production ramp-up to accommodate the growing global demand and improve quality performances KPI's such as FPY (First Pass Yield) and new platforms critical failure.
A Never-before-seen Synergistic Ecosystem Composed of 4 Pillars
Sisram's Wellness Group is a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding, ranging from medical aesthetics capital equipment, via injectables therapy, aesthetic dentistry, personal care and more.
As of 2021 Sisram is operating 4 business lines. The Medical Aesthetics business line, led by Alma, registered a revenue increase of 73.4%. The Injectables business line registered a revenue increase of 50.1% year over year. In 2021, Sisram integrated the activity of Shanghai Foshion Medical System into Sisram, while developing Copulla's digital dentistry service. The Personal Care business line, LMNT by Sisram Medical, is a home-use brand, immersing the essence of wellness into consumers' daily routine.
Looking forward, Mr. Liu Yi, Chairman and Executive Director of Sisram, said: "As a core member of Fosun Pharma's medical device sector, as well as the core platform of Fosun's ecosystem, we have always insisted on customer-centric philosophy and focused on technology and innovation, to continuously improve our product power and competitiveness to respond to the rapid development of the industry. In 2022, based on our charted strategy, we will continue to promote Sisram's ecosystem, and steadily expand the product portfolio and ecological interoperability between Sisram's ecosystem, Fosun Pharma's medical device sector, and even Fosun's greater ecosystem, so as to provide customers with advanced technologies and products through the enhancement of technological applications. We will also promote the sustainable and sound development of the industry by improving clinical applications. In addition, we shall meet the market demand of the aesthetic industry through our diversified product portfolio and market strategy."
Mr. Lior Dayan, CEO of Sisram and Alma, said: "The Group's efforts during 2022 will strategically focus on expanding direct operation in strategic markets to secure market access for both professional and consumer clientele, improve digital infrastructure and tools, drive awareness and preference to our global consumer brand and leverage it to globally introduce new products and services."
About Sisram Medical Ltd
Sisram Medical Ltd (1696.HK) is a global consumer wellness group, featuring a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding, ranging from medical aesthetics capital equipment, via injectables therapy, aesthetic dentistry, personal care and more. The company is majority held by Fosun Pharma, a leading healthcare group in China. Sisram Medical successfully went public on September 19, 2017, as the first Israeli company listed on the Hong Kong Exchange Main Board.
Sisram Medical - Enhancing Quality of Life
http://www.sisram-medical.com
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comSisram Medical Ltd (the "Company" or "Sisram", stock code: 1696.HK; together with its subsidiaries referred as the "Group"), a global consumer wellness group, featuring a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding
Rochester Electronics Partners with Kyoto Semiconductor Co., Ltd.
NEWBURYPORT, MA, Mar 9, 2022 - (ACN Newswire) - Rochester Electronics LLC (Massachusetts, USA) is partnering with Kyoto Semiconductor Co., Ltd. (Kyoto, Japan), a leading optical device solution manufacturer with world-class technologies and Japanese quality, to collaborate in offering active and end-of-life (EOL) products to customers.
"We are honored to announce a new partnership with Kyoto Semiconductor, a respected brand within the optical semiconductor landscape. It is through this strategic agreement, that our valued customers can rest assured to have a continued supply of Kyoto Semiconductor optical device solutions, which will not only be certified and guaranteed by Rochester but will also be 100% authorized by the original manufacturer – Kyoto Semiconductor."
- Colin Strother, Executive Vice President at Rochester Electronics LLC
"Kyoto Semiconductor is pleased to collaborate with Rochester Electronics, known for the world's most extensive range of end-of-life (EOL) semiconductors and broadest range of active semiconductors. With this partnership, we extend our customer reach worldwide, with both EOL and active semiconductors. Our products are critical for the optical communication infrastructure and optical sensing equipment used for a long period of time. As we have a large variety of products similar to the EOL'ed products, and we can develop custom products, the partnership with Rochester Electronics will provide helpful solutions for the customers who need to perform long-term maintenance on the infrastructure or equipment.
- Tsuneo Takahashi, CEO at Kyoto Semiconductor Co., Ltd.
Upon this partnership, Kyoto Semiconductor products are available at Rochester Electronics.
About Kyoto Semiconductor
Kyoto Semiconductor was established in 1980 in Kyoto as a dedicated manufacturer of optical semiconductors. The semiconductors manufactured offer superlative performance and precision, suited for use in optical transmission. They are manufactured end-to-end, including pre-and postprocessing, and together with Kyoto Semiconductor's unique packaging technology, at our location in Japan and made available to customers around the world. Kyoto Semiconductor leads the industry with world-standard technologies for optical device solutions based on Japanese quality and attention to production detail.
For more information, visit: https://www.kyosemi.co.jp/en/
About Rochester Electronics
Rochester Electronics is the world's largest continuous source of semiconductors–100% Authorized by over 70 leading semiconductor manufacturers.
As an original manufacturer stocking distributor, Rochester has over 15 billion devices in stock encompassing more than 200,000-part numbers, providing the world's most extensive range of end-of-life (EOL) semiconductors and broadest range of active semiconductors. As a licensed semiconductor manufacturer, Rochester has manufactured over 20,000 device types. With over 12 billion die in stock, Rochester has the capability to manufacture over 70,000 device types. Rochester offers a full range of manufacturing services including Design, Wafer Processing, Assembly, Test, Reliability, and IP Archiving providing single solutions through to full turnkey manufacturing, enabling faster time-to-market.
Rochester is the Semiconductor Lifecycle Solution. No other company compares to the breadth of Rochester's product selection, value-added services, and manufacturing solutions.
With direct sales and support staff in all major markets, complemented by a network of regional and global authorized channel partners, we aim to meet your needs over the phone or via our e-commerce platforms anytime, anywhere.
For more information visit: www.rocelec.com
Media Contact
Rochester Electronics LLC
Global Marketing Team
Email: [email protected]
Kyoto Semiconductor Co., Ltd.
Naoko Kodama
Media Relations, Kyoto Semiconductor Co., Ltd.
Email: [email protected]
SOURCE: Rochester Electronics LLC
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com
BayWa r.e. Reaffirms Continued Commitment to the Community of Lang Son Province with Improved Sanitation Facilities for Elementary Schools
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Gender-segregated washroom facilities were built for both elementary schools, benefiting more than 40 students and staff members. These washrooms come equipped with water tanks and electrical wiring systems, and utilise a standalone septic tank that is easier to maintain while also being environmentally friendly. The recipient schools were identified in close collaboration with provincial authorities, as well as the Education Department of Lang Son province and Loc Binh district. Both schools were selected as priority targets due to a lack of modern sanitation facilities as well as their proximity to BayWa r.e.'s wind farms.
Brian Barry, Head of Wind Asia, BayWa r.e. said "At BayWa r.e., we believe strongly in giving back to the community in which we operate. It is our privilege to be able to contribute meaningfully to the population of Lang Son Province, a region that has been instrumental to our growth in Vietnam."
"We became aware of the sanitary challenges experienced by the Khuoi Lay and Suoi Long elementary schools during our greenfield development of the wind farms. With the support provided by provincial and district authorities, we were able to swiftly secure the necessary approvals, delivering the completed facilities in as little as three months from construction. Moving ahead, we hope to be able to extend this initiative to other schools across the province, facilitating the symbiotic growth of local communities alongside the expansion of our renewable energy footprint in Vietnam," he added.
The official handover of the completed facilities took place physically in November 2021 for Suoi Long Elementary School, and virtually in December 2021 for Khuoi Lay Elementary School.
Mr Pham Hung Truong, Chief of Staff, Lang Son People Committee shared "BayWa r.e. is one of the first foreign investors explored and allowed to deploy survey for potential development and investment of wind farms in Lang Son. To date, more than 10 local and foreign investors have proposed to the provincial People Committee to invest in about 30 wind farms projects. Develop wind power, use renewable energy in the province is in line with the national strategy on power development towards 2030, with vision towards 2045, which encourages and prioritizes complete and effective usage of new, clean, and renewable energy resources. Lang Son province always supports and creates the best conditions for investors, at the meantime highly appreciates their contributions to the communities. BayWa r.e. contribution to the Khuoi Lay and Suoi Long elementary schools is very meaningful, helping pupils in remote areas improve their health and hygiene conditions. Hopefully, BayWa r.e. will continue partnering with local authorities, not only in its development and investment in wind business, but also helping the local community improve conditions in education, transportation and promote socio-economic development of Lang Son province."
BayWa r.e. has been active in developing large scale wind energy developments in Vietnam, viewing the technology as a key enabler in the country's renewable energy push. The company currently has a 300MW pipeline of wind energy across sites in northern Vietnam, and is fully committed to facilitating Vietnam's ambition of becoming net-zero by 2050.
BayWa r.e. AG (BayWa r.e.):
At BayWa r.e. we r.e.think energy - how it is produced, stored and can be best used to enable the global renewable energy transition that is essential to the future of our planet.
We are a leading global developer, service supplier, distributor and solutions provider and have brought over 4GW of energy online and manage over 10GW of assets. We are also an Independent Power Producer with an expanding energy trading business.
BayWa r.e. works with businesses worldwide to provide tailored renewable solutions. Operating 100% carbon neutral, we are also committed to our own sustainability journey.
Every day, we are working hard to actively shape the future of energy in a diverse, equitable and inclusive workplace.
Our shareholders are BayWa AG, a EUR 17.2 billion global business, and Energy Infrastructure Partners, a leader in energy infrastructure investment.
Contact information:
BayWa r.e. AG
Salim Pathan
Marketing Manager, APAC
Tel: +66 62 698 7162
Email: [email protected]
Mark Cooper
Corporate Communications
Tel: +49 89 383932 3611
E-mail: [email protected]
PRecious Communications for BayWa r.e. AG
Tan Yanchang / Foo En Jing
Tel: +65 6303 0567
E-mail: [email protected]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comGlobal renewable energy developer, service provider and distributor BayWa r.e. announced the successful completion and handover of new sanitary facilities for Khuoi Lay Elementary School and Suoi Long Elementary School in Lang Son Province, Vietnam.
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