Fintech PR
Zoomlion 2023 Annual Report Marks Record 79.2% YoY Increase in International Revenue to Reach 17.005 Billion Chinese Yuan
CHANGSHA, China, April 2, 2024 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”, 1157.HK), a leading Chinese construction machinery and equipment manufacturer, released its 2023 annual report on the evening of March 28. The company achieved an annual revenue of RMB 47.075 billion, a year-on-year increase of 13.08%, with a net profit of 3.771 billion yuan, a year-on-year increase of 58.13%. The company’s international revenue, which further increased to a record high of 38.04% of total revenue, was 17.905 billion yuan, a year-on-year increase of 79.2%.
Zoomlion’s market position in traditional sectors has been steadily increasing, with:
- Hoisting machinery revenue climbed to 19.29 billion yuan, a year-on-year increase of 1.6%;
- Concrete machinery revenue achieved 8.6 billion yuan, a year-on-year increase of 1.6%;
- The market position in emerging sectors such as earthmoving machinery, aerial machinery, and mining machinery has significantly improved. Among them, earth-moving machinery revenue was 6.65 billion yuan, a year-on-year increase of 89.3%, with aerial machinery revenue at 5.71 billion yuan, a year-on-year increase of 24.2%.
As of the end of 2023, Zoomlion has built over 30 first-level business hubs and more than 350 second-level outlets around the world, with construction spreading from regional centers to higher-tier cities. The total number of employees outside of China exceeds 3000, and the company’s products cover more than 140 countries and regions. Gross profit margins in China and internationally, as well as gross profit margins in each business segment, increased in 2023, with gross profit margins reaching 27.54%, a year-on-year increase of 5.7%.
Zoomlion has harnessed the global village idea, utilizing the end-to-end, direct business approach, along with the digital twin platform, and has steadfastly expanded its international presence via top-tier R&D centers, modern manufacturing units, and expansive sales networks. The company has placed a strong emphasis on advancing the capabilities of its service teams, significantly improving the international customer experience and brand perception.
Zoomlion prioritizes digitization, intelligence, and green as its development focus, aiming to establish an ecological framework of intelligent R&D, scientific management, and advanced manufacturing. Productivity has been enhanced through breakthroughs in core technologies such as 5G, industrial internet, cloud computing, big data, and artificial intelligence. Zoomlion leads the industry in patent applications for digital innovations such as big data and cloud computing, reflecting its commitment to a technologically driven international business approach.
Leveraging intelligent manufacturing, Zoomlion has gained a competitive edge. The focal point, Zoomlion Smart Industrial City, anchors 23 leading smart factories, and by deeply integrating AI, smart manufacturing tech, and equipment, it crafts intelligent, flexible, and eco-friendly production lines. Innovative control algorithms and digital systems swiftly translate research into efficient, collaborative smart factories. This transformation boosts production, efficiency, and delivery metrics significantly, achieving a perfect product qualification rate, a 25% cut in costs, and 52% shorter delivery times.
View original content:https://www.prnewswire.co.uk/news-releases/zoomlion-2023-annual-report-marks-record-79-2-yoy-increase-in-international-revenue-to-reach-17-005-billion-chinese-yuan-302105428.html
Fintech PR
Loomis Chooses Peregrine Connect as Their No/Low-Code Integration Platform: Connecting 1,000+ Endpoints and Automating 200+ Processes
IRVINE, Calif., Dec. 19, 2024 /PRNewswire/ — Loomis selected the Peregrine Connect’s Integration Platform to improve operational efficiency and reduce costs. As one of the largest global networks providing comprehensive payment management solutions across 27 countries, including the United States and much of Western Europe, Loomis sought to strengthen data integration and communication throughout its extensive network.
Loomis recognized the need to scale its operations to address the challenges of expansion. To boost productivity and advance their digital transformation efforts, they identified Peregrine Connect as the ideal low-code integration solution.
By adopting Peregrine Connect, Loomis achieved real-time data integration, ensuring seamless data sharing across its internal teams and customers. This shift eliminated communication silos and established robust integration processes across the organization.
Peregrine Connect enabled Loomis to connect over 1,000 endpoints and establish more than 200 business processes to optimize workflows and improve operational efficiency. This success has positioned the company to focus on long-term goals.
“Peregrine Connect’s management suite is an invaluable tool for our organization. As a non-developer, I appreciate it’s no/low-code capabilities. It enables me to efficiently handle critical tasks like error detection, audits, and message tracking. The platform makes it easy to search for and track messages across multiple applications with intuitive, fast reporting features that help us quickly identify the root causes of issues.”
– Petri Rautakoski, Head of IT Integrations at Loomis
Read More About the Case Study
About Loomis
Loomis, with over 170 years of expertise, is one of the largest global networks delivering comprehensive payment management solutions. Operating in 27 countries, including the United States and most of Western Europe, Loomis specializes in the distribution, handling, recycling, and secure storage of cash and valuables. Their products and services cater to financial institutions, governments, and businesses worldwide, ensuring efficient and secure cash management on a global scale.
About Peregrine Connect
Peregrine Connect is a leading integration platform designed to help businesses simplify the design, deployment, hosting, and management of applications, APIs, and workflows. Its advanced suite of connectors for popular enterprise applications delivers powerful capabilities for data, services, and application integration, along with comprehensive support for business processes and workflows.
Customers gain a superior development experience, enhanced performance, and faster time-to-value. With Peregrine Connect, projects are deployed in weeks rather than months, enabling organizations to achieve their goals with unparalleled efficiency.
Learn More: https://www.peregrineconnect.com/
Media Contact:
Nelly Monjazeb: [email protected]
Logo – https://mma.prnewswire.com/media/999937/5083643/Peregrine_Connect_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/loomis-chooses-peregrine-connect-as-their-nolow-code-integration-platform-connecting-1-000-endpoints-and-automating-200-processes-302335319.html
Fintech PR
KuCoin’s “Light Up Africa” Donation Ceremony Held in Ghana, Benefiting 36,000 African Children
ACCRA, Ghana, Dec. 19, 2024 /PRNewswire/ — On December 19, the “Light Up Africa” Children’s Solar Lamp Project, jointly initiated by KuCoin, Global CSR, and the Smiling Simon Greenbuild Foundation, held its donation ceremony in Ghana. The project aims to provide light for schoolchildren in underdeveloped areas of Africa, promoting education equality and improving their living conditions.
This charitable initiative originated at the 28th United Nations Climate Change Conference (COP28) in 2023, where KuCoin made a firm commitment to support social welfare initiatives during the “KuCoin Green Future Dinner”, witnessed by over 200 guests from various countries. In 2024, KuCoin has continued to fulfill its social responsibilities by launching a series of impactful public welfare projects, with the “Light Up Africa” Children’s Solar Lamp Project standing out as a prime example.
Through the donation of solar reading lamps, the project provides opportunities for children in rural African areas without electricity to study at night, illuminating their path to knowledge. In February 2024, the first batch of 2,500 solar lamps was delivered to 25 schools in Nigeria. By October 2024, an additional 7,200 solar lamps were distributed to various communities in Sierra Leone, Nigeria, and Ghana, benefiting even more children.
At the donation ceremony in Ghana, Dr. Anita Nana Okuribido from the Smiling Simon Green Building Foundation expressed sincere gratitude to KuCoin. She highlighted that local children previously relied on candles or dim moonlight for their evening studies. The solar lamps donated by KuCoin have significantly improved their learning conditions. One solar lamp impacts at least five students, meaning this project directly benefits 36,000 children, helping them step out of darkness and embrace the light of knowledge.
Zhao Jing, Chairman of Global CSR, emphasized that this project has ignited African children’s enthusiasm for learning, boosting their confidence and instilling hope for a brighter future. This effort is not merely a material donation but also a profound source of encouragement.
As a global leader in the digital economy, KuCoin remains committed to sustainable development goals, focusing on areas such as climate change, health, and education, and has achieved significant positive social impact. KuCoin’s Chief Sustainability Officer (CSO), Nancy Cheung, stated that the “Light Up Africa” project is a key step in KuCoin’s journey to advance the United Nations’ 17 Sustainable Development Goals. KuCoin will continue to support children’s education and technological innovation, driving society toward a better future.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
Logo – https://mma.prnewswire.com/media/2356857/KuCoin_Horizontal_Green_LOGO_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/kucoins-light-up-africa-donation-ceremony-held-in-ghana-benefiting-36-000-african-children-302335917.html
Fintech PR
Pan Finance Magazine Announces the Q4 Release and Award Winners of 2024
LONDON, Dec. 19, 2024 /PRNewswire/ — As the fourth quarter of 2024 draws to a close, the world of finance has been marked by significant developments, including escalating Middle East tensions driving up oil prices and China’s aggressive stimulus measures to rejuvenate its economy. In this vibrant and challenging economic landscape, Pan Finance Magazine is excited to announce the upcoming release of its highly anticipated 2024 Q4 edition.
This issue offers insightful analyses and in-depth articles covering pivotal topics such as ‘Can China’s Stimulus Blitz Fix Its Flagging Economy’ and ‘How the Trump Presidency Might Change the Global Economy.’ Readers will explore the implications of rising oil prices on the cost-of-living crisis, strategies to reverse Britain’s chronic underinvestment in energy, and innovative solutions like nuclear fusion to meet AI’s energy demands. Additionally, the edition features pieces on the EU’s new satellite constellation RIS for communications autonomy, tackling human error in cybersecurity, the potential threats of AI superintelligence, and the role of finance in addressing the world’s biodiversity crisis.
Furthermore, Pan Finance continues to shine a spotlight on a variety of topics by highlighting leading examples of best practice across the financial services sector and beyond. Established to be a true measure of excellence, the Pan Finance awards look beyond the realm of the balance sheet alone, measuring success through innovation, stewardship of the environment and positive impact on society.
Ivan Suasti, CEO, SG Consulting LLC, stated, “We are deeply honored to receive the Capital Management Solutions Provider of the Year Ecuador 2024 award. This recognition is a testament to the hard work, dedication, and expertise of our entire team at SG Consulting Group. We are grateful to all our colleagues who have contributed to this achievement. This award reinforces our commitment to providing exceptional financial solutions and adhering to the highest industry standards. We see this as a significant milestone, but it’s just the beginning. We look forward to continuing our journey of innovation and excellence, delivering value to our clients and contributing to the growth of the financial services industry.”
“Faes & Co is honored to be named the winner of the ‘Private Credit Firm of the Year – USA 2024′ award from Pan Finance. This recognition is really appreciated by the whole team at our firm, who have worked tirelessly to advance our mission to provide a consistent, stable, asset-backed return for our investors. We’d like to thank Pan Finance for the recognition and congratulate the other winners of the awards,” said Christian Faes, CEO of Faes & Co.
Gene Yoo, CEO of Resecurity, said, “Resecurity is excited to receive an award from PAN Finance in one of the core categories – Digital Risk. Our team is proud to protect major financial institutions and Fortune 100 companies worldwide, ensuring cyber resilience and trust among consumers.”
Pan Finance is delighted to announce the following award winners in the Q4 2024 edition:
Absa Mauritius – ESG Innovator of the Year – Mauritius 2024
Absa Mauritius – Most Innovative Digital Banking Services – Mauritius 2024
Arc & Co. – Capital Advisory Firm of the Year – UK 2024 –
BDSwiss – Best Educational Broker – Global 2024 –
Faes & Co – Private Credit Firm of the Year – USA 2024 –
Numarqe – Corporate Credit Solutions Provider of the Year – Europe 2024
Paxon – Financial Advisory of the Year – Asia Pacific 2024 –
Resecurity – Best Cybersecurity Platform for Digital Risk Management – MENA 2024 –
Riskalyze – Best SaaS for Wealth Management Firms – USA 2024 –
SG Consulting – Capital Management Solutions Provider of the Year – Ecuador 2024 –
Tayseer – Best Islamic Auto Financing Solutions – Saudi Arabia 2024 –
Wysh – Most Innovative Financial Protection Solutions – USA 2024 –
Wysh – Excellence in Financial Inclusion – USA 2024 –
XM – FX & CFD Broker of the Year – Europe & Middle East 2024 –
To learn more about these award winners, pick up the latest issue of Pan Finance magazine, available now:
Featuring articles from:
Samia Suluhu Hassan, president of the United Republic of Tanzania; Kenneth Rogoff, former chief economist of the International Monetary Fund, professor of economics and public policy at Harvard University, recipient of the 2011 Deutsche Bank Prize in Financial Economics, co-author (with Carmen M. Reinhart) of This Time is Different: Eight Centuries of Financial Folly (Princeton University Press, 2011), author of the forthcoming book Our Dollar, Your Problem (Yale University Press, 2025); Howard Davies, first chairman of the United Kingdom’s Financial Services Authority (1997-2003), chairman of NatWest Group, former director of the London School of Economics (2003-11), former deputy governor of the Bank of England, director-general of the Confederation of British Industry.
About Pan Finance
Each quarter Pan Finance delivers key information through time-sensitive financial news covering world markets, industry analysis and c-suite level interviews. Content from renowned academics and leading professionals provides an accessible view of global trends, with a focus on finance, economics, infrastructure, technology and sustainability – www.panfinance.net
Contact information
Olu Emmanuel
Head of Research & Awards
+44 (0) 208 090 0874
[email protected]
[email protected]
Logo: https://mma.prnewswire.com/media/2372391/5084685/PanFinance_Award_Winners_2024_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/pan-finance-magazine-announces-the-q4-release-and-award-winners-of-2024-302335817.html
-
Fintech6 days ago
Fintech Pulse: Your Daily Industry Brief (Nuvei, Google, Upvest, Gen Digital, MoneyLion)
-
Fintech3 days ago
Fintech Pulse: Your Daily Industry Brief (Synapse, Shenzhen Institute, Visa, AutomatIQ, MeridianLink)
-
Fintech PR6 days ago
Cathay Financial Holdings Calls for Climate Finance Mobilization to Drive the Climate Industrial Revolution
-
Fintech PR6 days ago
A New Era of $WUSD — Revolutionizing Stablecoins with Unmatched Security, Stability and Next-Gen Innovation
-
Fintech PR6 days ago
Lanistar launches new gaming sites in Brazil as secures right to operate pending final approval on its licence
-
Fintech2 days ago
Fintech Pulse: Your Daily Industry Brief (Revolut, Bestow, Advyzon, Tyme Group, Nubank)
-
Fintech PR6 days ago
Healthcare Revenue Cycle Management (RCM) Market Surges to USD 658.7 Billion by 2030, Propelled by 24% CAGR – Verified Market Reports®
-
Fintech PR6 days ago
International Communication Forum: Pathways To A Sustainable Future