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Elbit Systems Signs a $2.3 Billion International Contract
Prnewswire· 2025-11-17 07:44
Accessibility StatementSkip Navigation HAIFA, Israel, Nov. 17, 2025 /PRNewswire/ --�Elbit Systems Ltd. (NASDAQ: ESLT)�(TASE: ESLT)�("Elbit Systems" or the "Company") announced today that it has signed an international contract for a strategic solution in an amount of approximately $2.3 billion. The contract will be performed over a period of eight years. Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "Elbit Systems continues its significant investment in a broad range of advanced systems and ...
JinkoSolar Schedules 2025 Annual General Meeting to be Held on December 29, 2025
Prnewswire· 2025-11-17 05:01
Core Viewpoint - JinkoSolar Holding Co., Ltd. will hold its 2025 annual general meeting on December 29, 2025, to discuss various corporate matters including the re-election of directors and the appointment of auditors [1][8]. Company Information - JinkoSolar is one of the largest and most innovative solar module manufacturers globally, distributing products and services to a diverse international customer base across multiple countries [5][6]. - As of September 30, 2025, JinkoSolar operates over 10 production facilities and has more than 20 overseas subsidiaries in countries including Japan, South Korea, Vietnam, India, Turkey, Germany, and the United States [6]. Meeting Details - The annual general meeting will take place at 10:00 a.m. Beijing time, and only shareholders of record as of November 28, 2025, will be entitled to vote [1][2]. - Key agenda items include the re-election of directors, ratification of auditors, and consideration of the audited financial statements for the year ended December 31, 2024 [8]. Financial Reporting - The 2024 Annual Report, which includes complete audited financial statements and the report of auditors, is available on the company's Investor Relations website [3]. - Shareholders can request a hard copy of the 2024 Annual Report and the board of directors' report free of charge [4].
United States Hosts 1.2 Million International Students at Colleges and Universities, Totaling 6% of U.S. Higher Education
Prnewswire· 2025-11-17 05:01
Core Insights - The Open Doors 2025 Report indicates that U.S. colleges and universities hosted 1.2 million international students in the 2024/2025 academic year, marking a 5% increase from the previous year [1][2] - International students contributed nearly $55 billion to the U.S. economy in 2024 and supported over 355,000 jobs [2][3] - The U.S. remains the leading destination for international students globally, with significant contributions to innovation and cross-cultural understanding [3] Enrollment Trends - The number of graduate students decreased by 3% to 488,481, while undergraduate students increased by 4% to 357,231, the first significant rise since the COVID-19 pandemic [3][4] - The total number of new international students decreased by 7% to 277,118, with new undergraduate enrollments growing by 5% and new graduate enrollments falling by 15% [4][5] Country of Origin - India is the top-sending country with 363,019 international students, reflecting a 10% increase, while China saw a 4% decline with 265,919 students [5][6] - Twelve of the top 25 countries sending international students reached their highest totals to date, including Bangladesh, Canada, and Vietnam [5] Institutional Insights - Most international students (59%) attended public institutions, with community colleges experiencing the fastest growth rate of 8% [6][7] - Texas, Illinois, and Missouri reported the largest increases in international student numbers among states [6] U.S. Students Abroad - In the 2023/24 academic year, 298,180 U.S. students studied abroad, a 6% increase, with Italy, Spain, the UK, and France as the leading destinations [7][8] - Japan emerged as the 5th-largest destination for U.S. students studying abroad, with a 16% growth [7] Future Projections - A Fall 2025 Snapshot indicates a 1% decline in international student totals, with undergraduate enrollments up by 2% and graduate enrollments down by 12% [8][9] - New enrollments for international students studying in the U.S. for the first time decreased by 17% [9]
Heinz Ignites a Citywide Takeover to Celebrate the Launch of Heinz Zero
Prnewswire· 2025-11-17 05:00
Core Insights - Heinz launched its first-ever ketchup with zero sugar and zero salt, named Heinz Ketchup Zero, through a citywide campaign in Dubai [1][7] - The campaign featured interactive elements such as the Heinz Zero Fridge and a midnight e-commerce activation, aiming to engage consumers both physically and digitally [2][3][7] Group 1: Campaign Details - The Heinz Zero Fridge was a central feature of the campaign, where participants engaged in challenges to win free Heinz Ketchup Zero and vouchers, with over 700 bottles distributed and AED 33,000 in vouchers given away [2][5] - A unique midnight e-commerce activation on Carrefour Now rewarded shoppers with AED 100 vouchers for purchasing Heinz Ketchup Zero during a specific one-minute window [3][7] - An exclusive "Heinz Zero Burger" pop-up at Vegan Burger in Dubai Mall offered free burgers to the first 50 fans on two nights, enhancing the campaign's reach [4][7] Group 2: Marketing Strategy - The campaign emphasized that zero sugar and zero salt do not compromise flavor or enjoyment, as stated by the Head of Marketing at Kraft Heinz MEA [5] - The overall strategy combined experiential marketing, e-commerce innovation, and playful digital storytelling to create cultural buzz and engagement [7] Group 3: Company Overview - Kraft Heinz Company reported approximately $26 billion in net sales for 2024, focusing on growing its iconic and emerging food and beverage brands globally [6] - The company aims to make a sustainable and ethical impact while promoting healthy eating [6]
SOHU.COM REPORTS THIRD QUARTER 2025 UNAUDITED FINANCIAL RESULTS
Prnewswire· 2025-11-17 05:00
Core Insights - Sohu.com Limited reported strong financial performance in Q3 2025, with total revenues reaching US$180 million, a 19% increase year-over-year and a 43% increase quarter-over-quarter [3][13]. - The company achieved positive net income of US$9 million, compared to a net loss of US$16 million in Q3 2024 and a net loss of US$20 million in Q2 2025 [9][10]. - Online game revenues significantly contributed to the overall growth, totaling US$162 million, which is a 27% increase year-over-year and a 53% increase quarter-over-quarter [4][13]. Financial Performance - Total revenues for Q3 2025 were US$180 million, up 19% from the previous year and 43% from the previous quarter [3][13]. - Marketing services revenues decreased to US$14 million, down 27% year-over-year and 13% quarter-over-quarter [3][4]. - Online game revenues were US$162 million, reflecting a 27% year-over-year increase and a 53% quarter-over-quarter increase, driven by the launch of the new PC game Tian Long Ba Bu: Return [4][13]. Profitability Metrics - Both GAAP and non-GAAP gross margins were reported at 81%, an improvement from 74% in Q3 2024 and 78% in Q2 2025 [5][33]. - Operating profit for Q3 2025 was US$14 million, compared to an operating loss of US$13 million in Q3 2024 and an operating loss of US$22 million in Q2 2025 [7][18]. - The company reported a GAAP net income of US$9 million, or US$0.32 per fully-diluted ADS, compared to a net loss of US$16 million in the same quarter last year [9][10]. User Engagement and Game Performance - For PC games, average monthly active user accounts (MAU) increased by 24% year-over-year to 2.7 million, while active paying accounts (APA) rose by 27% to 1.1 million [12]. - Mobile games experienced a decline, with MAU decreasing by 42% year-over-year to 1.9 million and APA down by 72% to 0.3 million [14]. Liquidity and Capital Resources - As of September 30, 2025, Sohu had cash and cash equivalents, short-term investments, and long-term time deposits totaling approximately US$1.2 billion [11]. Share Repurchase Program - The company has repurchased 7.6 million ADSs for an aggregate cost of approximately US$97 million under its share repurchase program of up to US$150 million [19]. Business Outlook - For Q4 2025, Sohu estimates marketing services revenues to be between US$15 million and US$16 million, indicating an annual decrease of 15% to 20% [26]. - Online game revenues are expected to be between US$113 million and US$123 million, reflecting an annual increase of 3% to 12% [26].
Zeekr Group Reports Third Quarter 2025 Unaudited Financial Results
Prnewswire· 2025-11-17 04:30
Core Insights - Zeekr Group reported a total vehicle delivery of 140,195 units in Q3 2025, marking a 12.5% year-over-year increase and a 7.1% quarter-over-quarter increase [2][3] - The company's vehicle sales revenue reached RMB 26,527 million (US$ 3,726 million) for Q3 2025, reflecting a 7.3% increase from Q3 2024 and a 15.8% increase from Q2 2025 [5][11] - Net loss for Q3 2025 was RMB 307 million (US$ 43 million), a significant decrease of 84.9% from Q3 2024 [5][16] Delivery Performance - Total vehicle deliveries for Q3 2025 were 140,195 units, with Zeekr brand delivering 52,860 vehicles and Lynk & Co brand delivering 87,335 vehicles, of which 72.4% were NEV models [2][3] - In October 2025, Zeekr Group delivered 61,636 vehicles, a 20.5% increase compared to the previous month [7] Financial Performance - Total revenues for Q3 2025 were RMB 31,562 million (US$ 4,434 million), up 9.1% year-over-year and 15.1% quarter-over-quarter [5][11] - Gross profit for Q3 2025 was RMB 6,046 million (US$ 850 million), representing a 37.1% increase from Q3 2024 [5][16] - Vehicle margin for Q3 2025 was 15.6%, compared to 12.6% in Q3 2024 and 17.3% in Q2 2025 [5][16] Operational Metrics - Research and development expenses were RMB 2,743 million (US$ 385 million) for Q3 2025, down 8.6% from Q3 2024 [16] - Selling, general and administrative expenses increased to RMB 3,783 million (US$ 532 million) for Q3 2025, up 11.3% year-over-year [16] Loss Metrics - Loss from operations was RMB 56 million (US$ 8 million) for Q3 2025, a significant improvement from a loss of RMB 2,076 million in Q3 2024 [5][16] - Non-GAAP net loss for Q3 2025 was RMB 265 million (US$ 37 million), down 86.6% from Q3 2024 [5][16] Cash Position - As of September 30, 2025, cash and cash equivalents and restricted cash totaled RMB 8,763 million (US$ 1,231 million) [18]
Yum China Unveils "RGM 3.0" Strategy and Three‑Year Financial Outlook at 2025 Investor Day
Prnewswire· 2025-11-17 04:30
Core Insights - Yum China aims to accelerate store expansion, targeting 20,000 stores by 2026 and over 30,000 by 2030, while maintaining high-single-digit operating profit growth and double-digit growth in diluted EPS and free cash flow per share [1][2][12] Strategic Initiatives - The company is implementing the RGM ("Resilience, Growth and Moat") strategy, focusing on innovation and operational efficiency to enhance customer offerings and consolidate resources across stores and regions [2][4] - Yum China plans to return approximately 100% of free cash flow after dividend payments to shareholders starting in 2027, with an expected annual return of $900 million to over $1 billion in 2027 and 2028 [12] KFC Performance - KFC is projected to surpass RMB 10 billion in operating profit by 2028, with plans to increase store count by one-third to over 17,000 and achieve mid- to high-single-digit CAGR in system sales from 2026 to 2028 [3][11] - The brand is focusing on new customer segments and enhancing customer engagement through membership programs and digital ecosystems [4][10] Pizza Hut Growth - Pizza Hut aims to double its operating profit by 2029 compared to 2024, with plans to add over 600 net new stores annually, reaching more than 6,000 stores by 2028 [5][6] - The brand is innovating its menu and operations to enhance efficiency and customer experience, targeting growth in new categories like burgers and one-person meals [6][11] Lavazza Expansion - Lavazza is targeting 1,000 coffee shops and $60 million in retail sales by 2029, leveraging its Italian heritage and local innovation to capture growth in China's coffee market [7][11] Digitalization and Supply Chain - Yum China has integrated AI into its operations since 2019, enhancing customer experience and operational efficiency, with plans to embrace agentic AI for proactive decision-making [8][9] - The company is developing integrated supply chain parks to enhance synergies and operational efficiency, with a focus on food safety [9][11] Financial Targets - For 2025, Yum China targets an operating profit margin of 10.8%-10.9% and a restaurant margin of around 16.2%-16.3%, with free cash flow per share projected at $2.2 to $2.3 [11][14] - Growth targets from 2026 to 2028 include a mid- to high-single-digit CAGR for system sales and double-digit CAGR for diluted EPS and free cash flow per share [11][14]
Qatar Airways taps RTX's Collins Aerospace to optimize 787 fleet health and maintenance
Prnewswire· 2025-11-17 03:00
Core Insights - Collins Aerospace has been selected by Qatar Airways to implement its Ascentia analytics solution for the airline's fleet of 52 Boeing 787 aircraft, aiming to enhance fleet maintenance management and improve passenger travel experiences [1][3]. Company Overview - Collins Aerospace is a leader in integrated and intelligent solutions for the aerospace and defense industry, employing 80,000 individuals dedicated to advancing technologies for sustainable aviation and passenger safety [5]. - RTX, the parent company of Collins Aerospace, is the world's largest aerospace and defense company with over 185,000 employees and projected sales exceeding $80 billion in 2024 [6]. Technology and Innovation - The Ascentia analytics solution utilizes aircraft sensor data to provide real-time insights and predictive analytics, helping airlines reduce unscheduled maintenance, limit aircraft downtime, and enhance on-time performance [2][3]. - Ascentia supports nearly 40% of the Boeing 787s currently in operation, offering unique insights and seamless system integration to improve operational efficiency [3]. Operational Efficiency - The predictive capabilities of the Ascentia system allow airlines to better schedule aircraft downtime, optimize resource allocation, and improve spare parts provisioning, ultimately reducing costs and enhancing operational efficiency [3].
Akeso's Bispecific Antibody Targeting Aβ and BBB-Expressed Receptor Approved for Alzheimer's Disease Clinical Trials in China
Prnewswire· 2025-11-17 02:29
Core Insights - Akeso, Inc. has received approval from the National Medical Products Administration (NMPA) to initiate clinical trials for its bispecific antibody AK152, targeting Alzheimer's Disease [1][2]. Company Overview - Akeso is a leading biopharmaceutical company founded in 2012, focusing on innovative biological medicines and has developed a comprehensive end-to-end drug development platform [10]. - The company has a robust pipeline of over 50 innovative assets across various disease areas, with 24 candidates currently in clinical trials [10]. Product Development - AK152 is the first bispecific antibody developed in China aimed at disease-modifying therapy for Alzheimer's Disease, marking a significant breakthrough in the field [2]. - The antibody targets both amyloid-beta (A) and a receptor expressed on the blood-brain barrier (BBB), enhancing brain penetration and therapeutic efficacy [4][6]. Mechanism of Action - AK152 binds to amyloid-beta plaques and selectively targets neurotoxic soluble A oligomers, while also utilizing receptor-mediated endocytosis to improve brain penetration [4][6]. - Preclinical studies indicate that AK152 significantly improves brain penetration and accelerates the clearance of A plaques compared to conventional monoclonal antibodies [5][6]. Clinical Significance - The development of AK152 addresses critical unmet clinical needs in treating Alzheimer's Disease, which has long posed therapeutic challenges globally [5]. - The promising preclinical results suggest that AK152 could become a next-generation disease-modifying therapy for Alzheimer's patients [6].
KMX INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that CarMax, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-11-16 20:40
Core Viewpoint - The CarMax class action lawsuit alleges that the company and its executives misrepresented growth prospects, leading to significant stock price declines following disappointing financial results and executive termination announcements [3][4][5]. Group 1: Class Action Details - The class action lawsuit is titled Cap v. CarMax, Inc., and it involves purchasers of CarMax securities from June 20, 2025, to November 5, 2025 [1]. - Investors have until January 2, 2026, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lawsuit claims that CarMax overstated its growth prospects, attributing earlier growth to temporary factors related to customer behavior influenced by tariff speculation [3]. Group 2: Financial Performance - On September 25, 2025, CarMax reported a 5.4% decrease in retail unit sales and a 6.3% decrease in comparable store unit sales for the second quarter of fiscal year 2026, with net earnings per diluted share dropping from $0.85 to $0.64 year-over-year [4]. - Following this report, CarMax's stock price fell approximately 20% [4]. - On November 6, 2025, CarMax announced the termination of CEO William D. Nash and projected a significant decline in used car sales for the third quarter, resulting in a further stock price drop of over 24% [5].