One and one Green Technologies (NasdaqCM:YDDL) Q2 2025 Earnings Call November 18, 2025 08:00 AM ET Company ParticipantsCaifen Yan - Chairman and CEOChun Kit Wong - CFOMatthew Abenante - President of Strategic Investor RelationsOperatorThank you for joining the One and One Green Technologies conference call for the first half of the fiscal year 2025. Please take note that today's call is being recorded. It is my pleasure to introduce Matthew Abenante, President of Strategic Investor Relations. Thank you. You ...

Corporate Earnings - Hon Hai Precision Industry Co. Ltd. (Foxconn) reported Q3 2025 revenue of NT$2.06 trillion, with operating profit at NT$70.54 billion, net income at NT$57.67 billion, and EPS at NT$4.15, all exceeding analyst expectations [2][8] - E.ON SE announced a 9M 2025 adjusted EBIT of €4.75 billion, an 8.7% year-over-year increase, while RWE AG reported a 13% year-over-year decrease in adjusted EBITDA to €3.48 billion [3][8] - ABN AMRO Bank N.V. posted a Q3 2025 profit of €617 million, surpassing estimates, and announced the acquisition of NIBC Bank for approximately €960 million [4][8] Geopolitical and Economic Developments - General Motors (GM) is instructing parts manufacturers to divest supply chains from China, reflecting a trend among U.S. companies to reduce reliance on Chinese manufacturing [5][8] - China and Spain are enhancing economic ties, with plans for increased imports of premium Spanish products and collaboration in sectors like Artificial Intelligence and the Digital Economy [6] Macroeconomic Indicators - Japan's Machine Tool Orders grew 16.8% year-over-year in October, indicating strengthening industrial activity [7] Market Dynamics - The AI market rally appears to be stalling, leading to a $10 billion outflow from Asian markets, suggesting a potential re-evaluation of high-growth tech stocks [10][8] - Weak jobs data in the UK has raised expectations for a Bank of England rate cut, influenced by slowing wage growth and rising unemployment [9]

Core Points - Avio and Lockheed Martin have signed a non-binding term sheet to establish a solid rocket motor facility in the USA, which will serve as a vertically integrated merchant supplier [1] - Lockheed Martin will have preferred access to a portion of the production capacity at the Avio USA plant to enhance supply chain resilience for tactical and strategic solid rocket motors [2] - The collaboration aims to increase production capabilities and deliver essential propulsion systems faster to meet growing global demand [3] Company Overview - Avio is a leading international group specializing in the manufacturing and development of space launchers and various propulsion systems, with over 50 years of experience in the sector [6] - Avio USA Inc. operates under US security and export-control regulations, led by retired US Navy Vice Admiral James Syring [8] Strategic Importance - The establishment of the Avio USA SRM facility is a significant milestone in Avio's growth strategy, enhancing international relationships in the aerospace and defense sector [4] - The partnership with Lockheed Martin solidifies Avio's status as a trusted partner and merchant supplier for solid rocket motors in the U.S., contributing to the resilience of the American defense supply chain [5]

Core Insights - The 20th JCtrans Global Freight Forwarders Conference successfully concluded in Shanghai, attracting 1,980 logistics leaders from 95 countries, emphasizing the theme of building reliable supply chain services [1][2][14] Industry Overview - The conference featured a diverse program including opening ceremonies, industry forums, and strategic signing ceremonies, aimed at fostering collaboration in the logistics sector amid global challenges [2][12] - Keynote speeches highlighted the importance of dismantling systemic barriers and enhancing supply chain resilience, with China's import and export value reaching RMB 43.85 trillion in 2024, a 5% year-on-year increase [6][11] Company Developments - JCtrans has evolved its business model from a 1.0 offline alliance to a 1.5 dual-engine model, aiming for a 2.0 intelligent and collaborative stage, ultimately targeting a 3.0 ecosystem vision integrating logistics, trade, and finance [8][10] - The platform's operational performance includes over 2.5 million monthly page views and 32,000 business matches facilitated by its AI-powered Inquiry Automatch Assistant, with a customer satisfaction rate of 90% [9][10] Strategic Collaborations - JCtrans signed multiple strategic cooperation agreements with organizations such as the German Logistics Alliance and SGS, focusing on logistics, certification, and financial services to enhance global resource integration [12] - The conference facilitated over 80,000 one-on-one meetings, resulting in more than 1,000 preliminary cooperation agreements, showcasing the potential for shared growth among participants [13] Future Plans - JCtrans plans to host regional conferences in various countries, including Morocco and the Netherlands, and aims to expand its international presence through face-to-face communication and cooperation [10][15]

STAMFORD, Conn.--(BUSINESS WIRE)---- $III #AI--Companies are modernizing supply chains for greater agility, visibility and sustainability amid geopolitical and environmental disruptions, ISG says. ...

Core Insights - Sinopec signed purchasing contracts worth US$40.9 billion with 34 partners from 17 countries at the 8th China International Import Expo (CIIE 2025) [1][2] - The contracts encompass 24 products across 10 major categories, including crude oil, chemicals, equipment, materials, and consumer goods [1] - Since the inception of CIIE in 2018, Sinopec has accumulated over US$325 billion in signed orders across eight sessions [1] Group 1: Event Overview - The forum's theme was "Technology Driven, AI Empowered: The Future of Energy," focusing on digital intelligence, technological innovation, and international energy cooperation [2] - Keynote speeches were delivered by senior executives from leading firms, emphasizing collaboration and innovation in the energy sector [7] Group 2: Company Strategy and Vision - Sinopec's commitment to high-quality development includes leveraging technological strength and digital intelligence to create new value [4][6] - The company aims to enhance scientific and technological innovation and overcome developmental bottlenecks during China's 15th Five-Year Plan [5] - Sinopec plans to expand green and low-carbon cooperation while promoting the efficient use of traditional energy alongside new energy development [6]

Core Insights - Energy Fuels Inc. reported increased uranium sales and strong low-cost uranium mining, with production expected to exceed guidance for 2025 [2][3][4] - The company successfully produced 29 kilograms of dysprosium oxide and is preparing for the production of terbium oxide [4][15] - A recent upsized offering of $700 million in convertible senior notes has bolstered the company's working capital to nearly $1 billion [4][6] Financial Highlights - As of September 30, 2025, the company had $298.5 million in working capital, including $94 million in cash and cash equivalents, and no debt [6][28] - The company reported a net loss of $16.7 million for Q3-2025, an improvement from a net loss of $21.8 million in Q2-2025 [6][10] - Total revenues for Q3-2025 were $17.7 million, with uranium concentrate revenues at $17.4 million [28] Uranium Production and Sales - The company sold 240,000 pounds of U3O8 at a weighted average price of $72.38 per pound during Q3-2025 [10] - The Pinyon Plain mine had an average grade of 1.27% U3O8, one of the highest in U.S. history [9] - Expected uranium production for 2025 is between 700,000 and 1 million pounds of finished U3O8, with a strong position to meet or exceed this guidance [10][11] Rare Earth Elements (REE) Developments - The REE market has seen significant improvements, with NdPr prices increasing by approximately 25% from June to September 2025 [16] - The company is advancing its Donald Project in Australia, which is expected to produce significant quantities of rare earth oxides starting in 2027 [16][20] - Energy Fuels is collaborating with Vulcan Elements to create a domestic supply chain for rare earth permanent magnets [20] Market Conditions and Future Guidance - The spot price of U3O8 was $82.50 per pound as of October 31, 2025, indicating a favorable market for uranium sales [16] - The company expects to sell 160,000 pounds of U3O8 in Q4-2025 under existing long-term contracts [10] - Preliminary guidance for 2026 includes expected sales of 620,000 to 880,000 pounds of U3O8 [10]

Core Insights - UPS is shifting its focus from low-margin home deliveries to high-margin logistics services, particularly targeting industrial, healthcare, and supply-chain clients [1][5][8] - The company's Q3 2025 results reflect a strategic realignment towards B2B services, emphasizing supply chain stability amid global uncertainties [2][3][4] Financial Performance - Domestic revenue for Q3 2025 decreased by 2.6%, attributed to a decline in volume, although higher yields and strong air-cargo demand provided some offset [5][6] - International operations saw a 4.8% increase in average daily volume, with an adjusted consolidated operating margin of approximately 10% for the quarter [6][12] - The Supply Chain Solutions unit achieved an adjusted operating margin of 21.3%, despite a 22% revenue decline due to the divestiture of Coyote Logistics [12][13] Strategic Initiatives - UPS is executing a significant strategic shift, moving away from residential volume to focus on enterprise customers and contract-based business [4][5][8] - The company is investing in automation and network optimization, having closed 93 facilities and eliminated 34,000 operational positions, resulting in $2.2 billion in cost savings [9][10] - UPS expects total year-over-year cost savings of $3.5 billion for 2025, which is comparable to its annual capital expenditure budget [14] Market Positioning - The transformation strategy positions UPS as a critical infrastructure player in the healthcare sector, catering to pharmaceutical companies and hospitals that are less price-sensitive [16] - UPS's Supply Chain Solutions division offers integrated logistics services that generate recurring revenue and deepen customer relationships, enhancing its competitive advantage [15]

Core Insights - BYD has achieved significant growth in the UK electric vehicle market, selling 11,271 vehicles in September 2025, which is ten times the sales from the same month last year, making the UK its largest market outside of China [1][2] Group 1: BYD's Success Factors - Generous subsidies from the Chinese government have contributed to BYD's growth, alongside its efficient operational model that could revolutionize the automotive industry [2] - BYD has secured critical materials like lithium and tungsten for electric vehicle production and manufactures its own batteries, reducing dependency on external suppliers [3] - The company has invested in large-scale gigafactories and R&D, particularly in battery technology, enhancing its competitive edge [3] Group 2: Competitive Pricing Strategy - BYD's aggressive pricing strategy is exemplified by the BYD Dolphin Surf, priced at £18,650, which is less than half the cost of Tesla's entry-level Model 3, priced around £39,000 [4] Group 3: Industry Challenges for Established Brands - Established car manufacturers are struggling to adapt, often ignoring customer needs and relying on past successes, leading to overconfidence and a lack of foresight [5][7] - Many companies focus on premium vehicles for wealthy customers, which limits their market and fails to address broader consumer demands [7][10] - The automotive industry is experiencing a need for innovation and adaptability, similar to the evolution of high jump techniques in athletics, where established companies cling to outdated models [9][10] Group 4: Recommendations for Established Car Manufacturers - To remain competitive, established carmakers should shift from a transactional approach with suppliers to a collaborative model that fosters joint investment in innovation [10] - Developing new capabilities in technology, particularly in battery systems, is crucial for traditional manufacturers to keep pace with companies like BYD [11] - Addressing customer needs and improving the overall experience, including collaboration with local authorities on charging infrastructure, is essential for overcoming consumer hesitations regarding electric vehicles [12]

Core Insights - Global business optimism has declined for the third consecutive quarter, primarily due to uncertainties surrounding U.S. trade and tariff policies [2][6] - A survey of 10,000 businesses indicates that optimism has decreased by nearly 20% in 2025, reflecting growing concerns over the challenging trade environment [2][3] - More than half of the surveyed international businesses are seeking alternatives to U.S. markets, with expectations that U.S. trade policies may worsen [4][6] Trade and Tariff Impact - The ongoing uncertainty regarding U.S. tariffs is prompting many international companies to explore new trading partners outside of the U.S. and China [4][6] - Businesses are increasingly prioritizing domestic markets and diversifying their supply chains in response to rising tariff pressures [4][6] Supply Chain and Investment Concerns - There is a notable decline in supply chain confidence, particularly among North American manufacturing businesses, which have been significantly affected by trade policies [5][6] - The report highlights that sectors such as metal manufacturing, capital goods production, and automotive have been hit hardest, leading to a shift in focus towards supply chain resilience over cost management [5][6][7]