Vantiva - Conditions of availability of information for the 20250630 CGM
GlobeNewswire· 2025-06-06 09:16
Press Release Regulated information Conditions of availability of the preparatory documents(Art. 221-1 AMF General Regulation)Combined Shareholders’ Meeting on June 30, 2025 Paris – June 6, 2025 – Vantiva (Euronext Paris: VANTI), a global technology leader in connectivity, Shareholders are invited to participate to the Combined Shareholders’ Meeting to be held on: Monday, June 30, 2025 at 2 p.m.,Auditorium10 Boulevard de Grenelle – 75015 Paris (France) The Preliminary Notice of Meeting, including the agend ...
QuantaSing Announces Unaudited Financial Results for the Third Quarter of Fiscal Year 2025
GlobeNewswire· 2025-06-06 09:00
Core Viewpoint - QuantaSing Group Limited is undergoing a strategic transformation towards product-driven business models, highlighted by the acquisition of a 61% stake in Shenzhen Yiqi Culture Co., Ltd. (Letsvan), aiming to expand into the pop toys market with strong growth potential [3][16][30]. Business and Financial Highlights for the Third Quarter of FY 2025 - The company reported revenues of RMB570.7 million (US$78.6 million) for the third quarter of FY 2025, a decrease of 39.6% year-over-year from RMB945.6 million in the third quarter of FY 2024 [4][5]. - Revenue from individual online learning services fell by 43.6% year-over-year to RMB467.2 million (US$64.4 million) [4]. - The company experienced a net income of RMB41.1 million (US$5.7 million), a decrease of 67.5% from the previous quarter but an increase of 181.2% from the same quarter last year [5][12]. Cost and Expense Management - Cost of revenues decreased by 33.8% to RMB96.6 million (US$13.3 million) due to reduced labor outsourcing and procurement costs [6]. - Sales and marketing expenses were reduced by 45.8% to RMB395.2 million (US$54.5 million), primarily due to lower marketing and promotion expenses [7]. - Research and development expenses decreased by 46.2% to RMB20.9 million (US$2.9 million) [8]. - General and administrative expenses were down 31.2% to RMB25.0 million (US$3.5 million) [9]. Acquisition and Strategic Initiatives - The acquisition of Letsvan for RMB235.0 million (US$32.4 million) is a significant step in QuantaSing's strategy to enter the pop toys market [3][16]. - Letsvan operates established IPs and aims to enhance its market presence through collaborations and retail expansions [17][18]. - The company plans to leverage its strong cash position to support both existing operations and new strategic initiatives in the pop toys sector [3][5]. User Growth and Market Position - Total registered users increased by 19.9% to approximately 145.0 million as of March 31, 2025, compared to 121.0 million a year earlier [5]. - The company is focusing on building a global presence in the pop toys market, which is seen as resilient and aligned with its brand-first philosophy [3][30].
Huize Holding Limited Reports First Quarter 2025 Unaudited Financial Results
GlobeNewswire· 2025-06-06 09:00
Core Viewpoint - Huize Holding Limited reported resilient business results for Q1 2025, with significant growth in operating revenue and insurance premiums, while also focusing on operational efficiency through AI integration [3][4][6]. Financial and Operational Highlights - Operating revenue for Q1 2025 was RMB283.8 million (US$39.1 million), a decrease of 8.5% from RMB310.3 million in Q1 2024 [6]. - Gross written premiums (GWP) reached RMB1,437.3 million (US$198.1 million), representing a 37.8% increase from RMB1,043.0 million in Q4 2024 [4][5]. - First-year premiums (FYP) rose 30.9% sequentially to RMB730.4 million in Q1 2025 [4]. - The average age of customers purchasing long-term insurance products was 35 years, with 66.4% located in higher-tier cities [3]. Operational Efficiency - Total operating expenses decreased by 28.9% sequentially to RMB82.7 million in Q1 2025 [4]. - The expense-to-income ratio improved significantly from 40.7% in Q4 2024 to 29.1% in Q1 2025 [4]. - The cumulative number of insurance clients served increased to 11 million as of March 31, 2025 [4]. Product Development and AI Integration - Huize launched several customized insurance products in response to market demand, including "Bliss No. 3" and "Jin Man Yi Zu No.6" [3]. - The company integrated AI solutions across operations, enhancing service efficiency and reducing the expense-to-income ratio [3]. - An AI-powered smart portal was launched on Huize's app, providing 24/7 insurance agent support and facilitating RMB190 million in claims across 36,000 cases in Q1 2025 [3]. Financial Position - As of March 31, 2025, cash and cash equivalents were RMB201.7 million (US$27.8 million), down from RMB233.2 million as of December 31, 2024 [11]. - The net loss attributable to common shareholders was RMB8.6 million (US$1.2 million) in Q1 2025, compared to a net profit of RMB6.9 million in Q1 2024 [10].
Vesting and settlement of 2022 Conditional Share Awards and Notification of transactions by persons discharging managerial responsibilities
GlobeNewswire· 2025-06-06 08:52
Core Viewpoint - Serabi Gold plc has approved the vesting of Conditional Share Awards for the 2022 calendar year, with a total of 482,528 new ordinary shares due to vest under the Long Term Incentive Plan (LTIP) based on performance metrics over a three-year period [1][2]. Group 1: Conditional Share Awards - The 2022 Awards were granted under the 2020 Restricted Share Plan, requiring a three-year performance period with specific performance criteria to be met [2]. - The performance criteria include 40% based on Total Shareholder Return (TSR), 30% on Return on Capital Employed (ROCE), and 30% on Return on Sales (ROS) [7]. Group 2: Cash Settlement - The Board has opted for a cash settlement for the 2022 Awards due to the strong cash position of the Group, with the cash value determined by the 20 Day VWAP price of £1.52 as of 5 June 2025 [3]. - The cash payments for Mr. Hodgson and Mr. Howlin are £341,356 and £104,956 respectively, after applicable tax deductions [4]. Group 3: Shareholder Engagement - CEO Mike Hodgson has purchased 45,000 shares at £1.69 on 5 June 2026, increasing his total holdings to 135,066 shares, representing 0.18% of the issued shares [4]. Group 4: Company Overview - Serabi Gold plc is focused on gold exploration, development, and production in the Tapajós region of Brazil, with a production range of 30,000 to 40,000 ounces per year and plans to double production with the Coringa Gold project [9].
Updated financial Calendar for 2025
GlobeNewswire· 2025-06-06 08:31
Core Viewpoint - Nykredit's takeover of Spar Nord Bank is progressing, leading to an update in the financial calendar for 2025 [1] Financial Calendar Update - Spar Nord Bank will announce its Semi-Annual Report on 14th August 2025 [1] - The Quarterly Report for Q3 is scheduled for 30th October 2025 [1]
Vivoryon Therapeutics N.V. Presents Meta-analysis Data of VIVIAD and VIVA-MIND studies at ERA 2025
GlobeNewswire· 2025-06-06 07:45
Core Insights - Vivoryon Therapeutics N.V. presented meta-analysis data for its lead drug varoglutamstat at the 62nd ERA Congress, highlighting significant improvements in kidney function [1][2][3] Group 1: Drug Development and Efficacy - Varoglutamstat is a first-in-class glutaminyl cyclase (QPCT/L) inhibitor with notable anti-inflammatory and anti-fibrotic effects [3] - The Phase 2 studies, VIVIAD and VIVA-MIND, demonstrated statistically significant and clinically meaningful improvements in estimated glomerular filtration rate (eGFR) in elderly patients, with effects sustained from week 24 to week 96 [3] - The meta-analysis indicated a larger effect size in participants with diabetes compared to those without [3] Group 2: Future Plans - The next step involves a dedicated Phase 2b trial focusing on patients with diabetic kidney disease, aiming to assess efficacy on eGFR and gather data on proteinuria and other kidney-specific markers [4] Group 3: Presentation Details - The presentation took place on June 6, 2025, at 8:15 am CEST in Vienna, Austria, led by Frank Weber, CEO of Vivoryon Therapeutics [5]
Burning Rock Reports First Quarter 2025 Financial Results
GlobeNewswire· 2025-06-06 07:31
Core Insights - Burning Rock Biotech Limited reported a revenue of RMB 133.1 million (US$ 18.3 million) for Q1 2025, marking a 5.9% increase from RMB 125.6 million in Q1 2024 [3] - The company achieved a gross profit of RMB 97.4 million (US$ 13.4 million) for the same period, representing a 13.7% increase from RMB 85.7 million in Q1 2024, with a gross margin of 73.2% [5][8] - The net loss for Q1 2025 was RMB 13.5 million (US$ 1.9 million), a significant reduction from a net loss of RMB 121.5 million in Q1 2024 [10] Financial Performance - Revenue from the central laboratory business decreased by 19.6% to RMB 38.3 million (US$ 5.3 million) in Q1 2025, primarily due to a reduction in the number of tests [6] - Revenue from the in-hospital business increased by 0.5% to RMB 57.7 million (US$ 7.9 million), driven by growth in sales volume [6] - Revenue from pharma research and development services surged by 79.9% to RMB 37.1 million (US$ 5.1 million), attributed to increased development and testing services [6] Cost Management - Cost of revenues decreased by 10.6% to RMB 35.7 million (US$ 4.9 million) in Q1 2025, aligning with the revenue decline in the central laboratory business [4] - Operating expenses were significantly reduced by 46.8% to RMB 112.6 million (US$ 15.5 million) due to budget control measures and headcount reduction [9] - Research and development expenses decreased by 38.8% to RMB 40.4 million (US$ 5.6 million) [14] Gross Margin Analysis - Non-GAAP gross profit for Q1 2025 was RMB 100.7 million (US$ 13.9 million), an 8.3% increase from RMB 93.0 million in Q1 2024, with a non-GAAP gross margin of 75.6% [8][16] - The gross margin for the central laboratory business improved to 84.1% in Q1 2025 from 77.7% in Q1 2024, driven by cost optimization [5] Cash Position - As of March 31, 2025, the company had cash, cash equivalents, and restricted cash totaling RMB 497.4 million (US$ 68.5 million) [10]
OBI Pharma Enters ADC Collaboration with TegMine Therapeutics utilizing GlycOBI® and TegMiner™ Enabling Technologies
GlobeNewswire· 2025-06-06 07:00
Core Insights - OBI Pharma and TegMine Therapeutics have entered into a Master Services Agreement (MSA) to collaborate on antibody-drug conjugates (ADCs) [1][2] - The partnership aims to leverage OBI's GlycOBI ADC enabling technologies to identify ADC therapeutic candidates for clinical development [2][3] Company Overview - OBI Pharma is a clinical-stage global oncology company based in Taiwan, established in 2002, focusing on developing novel cancer therapies for patients with high unmet medical needs [5] - TegMine Therapeutics, founded in 2017 and based in San Francisco, specializes in developing next-generation antibody-based therapies targeting cancer-associated glycans and glycoproteins [8][9] Technology and Innovation - OBI's GlycOBI technology is a unique glycan-based ADC platform that is compatible with various antibodies, linkers, and payloads, allowing for site-specific homogenous ADCs [4] - The GlycOBI platform utilizes proprietary enzymatic and linker technologies to enhance conjugation efficiency and reduce aggregation propensity, leading to improved antitumor activity and stability [4][6] Strategic Collaboration - The collaboration is expected to combine the strengths of both companies, with OBI's ADC technology complementing TegMine's focus on targeting cancer-specific glycans [3] - Both companies anticipate developing ADCs with unprecedented tumor specificity and therapeutic impact, addressing significant medical needs [3]
NOTICE REGARDING THE OFFERING RESULTS OF 3rd TRANCHE OF UAB “KVARTALAS” BONDS AND AMENDED FINAL TERMS
GlobeNewswire· 2025-06-06 07:00
Group 1 - UAB "Kvartalas" aimed to raise 5 million euros during the offering of the third tranche of bonds to finance the development of the "Sąvaržėlė" business centre in Vilnius, with the offering period shortened due to high demand, reaching 11.5 million euros in demand within three days [1][2] - The total nominal value of bonds issued in the third tranche was increased from 5 million euros to 10,131,700 euros, with a total of 30,131,700 euros in bonds issued across all tranches [2] - The bonds were publicly offered to retail and institutional investors in the Baltic States, with 181 investors participating, including 153 from Lithuania, 16 from Estonia, and 12 from Latvia [3] Group 2 - The nominal value of one bond is 100 euros, with a fixed annual interest of 8% paid every six months, and redemption scheduled for 19 December 2026, offered at a price corresponding to a 6.75% yield [4]
Kenyan government has revealed plans to adopt the Danish F2 platform
GlobeNewswire· 2025-06-06 06:57
Core Insights - The Kenyan government plans to implement the Danish F2 digital platform across all government departments to transition to a paperless working environment [1][2] - The initiative aims to enhance transparency and accountability in the public service, ensuring efficient service delivery through clear and auditable processes [3] - The F2 platform, developed in collaboration with the Danish government, is already in use by various Danish ministries and over 75 government organizations [4] Company and Industry Summary - cBrain is contributing its technology to the Kenyan government's strategic collaboration for the F2 platform rollout [2] - The F2 platform is a commercial off-the-shelf (COTS) solution designed specifically for government use, facilitating fast, scalable, and legally compliant digital operations [5] - The platform has been deployed by government authorities across five continents, supporting public sector workflows and compliance needs [5]