New York, NY, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (Nasdaq: RYET, the “Company”) today announced that its Board of Directors has approved a rebranding initiative to rename the Company to Formind Group Inc. (the “Rebranding”). The Company intends to seek shareholder approval for the proposed name change at an upcoming general meeting (the “General Meeting”). Subject to shareholder approval and customary corporate, Nasdaq and administrative processes, the Company intends to change it ...

Core Viewpoint - Leishen Energy experienced a transition period in fiscal year 2025, with weakened core operating performance but strengthened financial foundation through an IPO, reduced leverage, and improved liquidity [1] Financial Performance - Total revenues decreased from USD $63.5 million to USD $48.3 million, attributed to economic downturn, sluggish oil and gas market, customer cost pressures, and China-US trade tensions [2] - Gross profit fell from USD $16.0 million to USD $8.5 million due to revenue declines and persistent cost pressures [3] - Operating expenses increased from USD $8.5 million to USD $10.2 million, driven by higher selling and marketing costs for international expansion and increased R&D [3] - Net income attributable to Leishen Energy was USD $1.25 million, a decrease of USD $6.84 million year-over-year [4] Segment Performance - Clean-Energy Equipment revenue accounted for 45.7% of total revenues, decreasing by approximately USD $11.74 million due to reduced market demand and intensified competition, leading to price reductions of 10% to 40% for certain products [5] - Digitalization and Integration Equipment revenue was USD $2.73 million, with a gross margin improvement to 4.4% due to effective cost control [6] - New Energy sales accounted for 40.4% of total revenues, with a decline primarily due to the expiration of a sales agreement with a major client [7] - Oil and Gas Engineering Technical Services revenue was USD $4.0 million, representing 8.2% of total revenue, with plans for continued investment in this segment [9] Management Commentary - The CEO emphasized that the fiscal year represented a transition rather than a reflection of core capabilities, expressing confidence in long-term competitiveness and strategic positioning [8] - The CFO highlighted plans for growth in domestic and international markets, with increased investment in R&D and international collaboration [10] Business Outlook - The company plans to pursue international expansion in Central Asia, Southeast Asia, and the Middle East, focusing on joint spare parts warehouses and power plant operation projects [10] - Increased investment in R&D to strengthen the patent portfolio, which currently includes 125 patents [10] - Plans to deepen engagement with domestic clients while building a stronger international pipeline, focusing on digital solutions and integrated equipment sales [10] - Enhancements in operational efficiency through cost control measures and new supplier partnerships to mitigate inflationary pressures [10] - Strengthening partnerships with world-leading technology brands to integrate advanced technologies and maintain product quality [10]

Core Insights - Uber Technologies is acquiring Getir's delivery portfolio in Türkiye, which includes food, grocery, retail, and water delivery, from the UAE sovereign wealth fund Mubadala [1][11] - The acquisition will be executed in phases, starting with Getir's food delivery business, which generated over $1 billion in gross bookings in 2025, reflecting a year-over-year increase of more than 50% on a constant currency basis, for a cash price of $335 million [2][11] - Uber will also invest $100 million for a 15% stake in Getir's grocery, retail, and water delivery business, with the remainder of the portfolio expected to close in the coming years, contingent on certain performance conditions [2][11] Acquisition Details - The food delivery business acquisition is anticipated to close in the second half of the current year [3] - Uber previously acquired a controlling stake in Trendyol Go, another delivery service in Türkiye, for $700 million [3] - The integration of Getir and Trendyol Go platforms aims to enhance consumer options and delivery opportunities for couriers, thereby increasing demand for restaurants and retailers in Türkiye [4] Consumer Impact - Post-acquisition, Getir consumers will continue to access delivery services, including restaurants from Trendyol Go, through the Getir Super app, while Trendyol Go customers will have access to Getir's grocery offerings [5] - Uber's commitment to investing in Türkiye is driven by the country's robust digital economy and dynamic customer base [5] Strategic Partnerships - Uber has previously partnered with Best Buy for on-demand delivery, allowing consumers to order electronics from over 800 stores via Uber Eats [6] - Collaborations with Dollar General and Dollar Tree have expanded Uber's retail delivery capabilities, adding over 14,000 and nearly 9,000 stores, respectively, to the Uber Eats platform [7][8] Financial Performance - Uber's shares have declined in double digits over the past six months, underperforming the Zacks Internet-Services industry during the same period [9] - The company trades at a 12-month forward price-to-sales ratio of 2.57X, which is considered inexpensive compared to its industry [12] - The Zacks Consensus Estimate for full-year 2026 and 2027 has seen a decline in the past 30 days [13]

Financial Data and Key Metrics Changes - In Q1, net revenue increased by 49% to CAD 65.3 million from CAD 42.7 million in the same prior year period, primarily due to growth in the Canadian business, integration of Motif, and higher international sales [17] - Adjusted gross profit for the quarter increased by 67% to CAD 23.9 million compared to CAD 14.3 million in Q1 last year, supported by higher revenue and efficiency gains [17][18] - Adjusted EBITDA in Q1 was CAD 5.3 million, up 273% from CAD 1.4 million in the prior year period, driven by increased scale and higher international sales [20][21] - Net income for the quarter was CAD 20 million compared to a net loss of CAD 23 million in the same prior year period, reflecting a CAD 43 million year-over-year improvement [21][22] Business Line Data and Key Metrics Changes - In Q1, the company harvested over 28,000 kilograms of flower, representing a 43% year-over-year increase, driven by improving yields and ongoing refinements to nutrient programs [10] - The company maintained the number one position in overall vapes with a 20.4% market share and moved to the number two position in overall pre-rolls at 7.7% [8] - In beverages, market share increased by 80 basis points year-over-year to 5.9%, while in concentrates, the company achieved a 15.5% category share [8][9] Market Data and Key Metrics Changes - The company holds the number one market share position in Canada with 11.3% total share in Q1 and 11.7% over the past 12 months [5][6] - In Quebec, the company moved up to the number three position with 9.9% market share for the quarter, driven by the success of vape launches [7] - The company outperformed in most provinces, holding 33.1% market share in New Brunswick and 21.9% in Newfoundland [8] Company Strategy and Development Direction - The company is focused on operational execution, improving margins, and delivering to markets while also looking at future international expansion opportunities [29][30] - The company aims to balance risk and growth opportunities in international markets while maintaining a strong focus on consumer needs and innovation [30] - The company is optimistic about long-term growth in the cannabis industry and its ability to compete and lead as the market matures [5] Management's Comments on Operating Environment and Future Outlook - Management noted that Q1 results reflected strong year-over-year revenue and adjusted EBITDA growth, despite seasonal resets and operational pressures [16] - The company remains confident in its ability to deliver against full-year guidance of revenue exceeding CAD 300 million, supported by improving fundamentals and expanding margins [24] - Management expressed optimism about international sales growth in fiscal 2026, despite a temporary decline in international volumes due to product specifications [12][13] Other Important Information - The company announced a proprietary breakthrough in powdery mildew resistance, allowing for early screening of seedlings and reducing crop loss [11] - The company completed commissioning of its beverage line and began in-house production to support portfolio expansion [12] - The company is preparing for EU GMP certification and is working closely with regulators to address feedback received [13][48] Q&A Session Summary Question: Near-term opportunities and long-term initiatives - Management emphasized the importance of operational execution and cost management as short-term priorities, while focusing on international expansion as a long-term goal [29][30] Question: Insight on international volumes and flower issues - Management acknowledged stringent international flower requirements and identified core drivers of recent issues, expecting to resolve them soon [35] - The estimated impact of the flower issues was approximately CAD 3.5 million on international revenue [36] Question: Recovery in the Canadian market - Management confirmed that distribution levels in BC have returned to normal and expressed confidence in recovering market share despite increased competition [42] Question: EU GMP certification timeline - Management stated they are working closely with regulators to address questions and are aiming for the fastest resolution possible, but could not provide a specific timeline [48] Question: Route to market in Europe - Management indicated a mixed approach for market entry, utilizing both direct sales and partnerships depending on regulations and market conditions [52] Question: U.S. market strategy and regulatory environment - Management noted that the U.S. market is currently a small part of their business and emphasized a cautious approach to investments due to regulatory uncertainties [55][56] Question: Increased competition in pre-rolls - Management acknowledged competitive pressures across all categories, particularly in pre-rolls and vapes, and highlighted upcoming product innovations to address these challenges [60]

Financial Data and Key Metrics Changes - In Q1, net revenue increased by 49% to CAD 65.3 million from CAD 42.7 million in the same prior year period, primarily due to growth in the Canadian business, integration of Motif, and higher international sales [17] - Adjusted gross profit for the quarter increased by 67% to CAD 23.9 million compared to CAD 14.3 million in Q1 last year, supported by higher revenue and efficiency gains [17][18] - Adjusted EBITDA in Q1 was CAD 5.3 million, up 273% from CAD 1.4 million in the prior year period, driven by increased scale and higher international sales [20][21] - Net income for the quarter was CAD 20 million compared to a net loss of CAD 23 million in the same prior year period, reflecting a CAD 43 million year-over-year improvement [21][22] Business Line Data and Key Metrics Changes - In Q1, international sales reached CAD 5 million, up 55% from Q1 fiscal 2025, despite a sequential decline due to a higher-than-expected proportion of flower that did not meet international specifications [12][17] - The company maintained the number one position in overall vapes with a 20.4% market share and moved to the number two position in overall pre-rolls at 7.7% [8][10] - In beverages, market share increased by 80 basis points year-over-year to 5.9%, while in concentrates, the company achieved a 15.5% category share [8][10] Market Data and Key Metrics Changes - The company holds the number one market share position in Canada with 11.3% total share in Q1 and 11.7% over the past 12 months [5][6] - In Quebec, the company moved up to the number three position with 9.9% market share for the quarter, driven by successful vape launches [7] - The company outperformed in most provinces, holding 33.1% market share in New Brunswick and 21.9% in Newfoundland [8] Company Strategy and Development Direction - The company is focused on operational execution, improving margins, and delivering to markets while balancing risk and growth opportunities in international markets [29][30] - The company aims to expand into international markets prudently while maintaining a strong focus on consumer needs and innovation [30][31] - The company is optimistic about long-term growth in the cannabis industry and its ability to compete and lead as the market matures [5] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of the BC General Employees' Union strike and increased competition in vapes and pre-rolls on market share [6][15] - The company remains confident in its ability to deliver against previously issued guidance, expecting revenue to exceed CAD 300 million for the full year [24] - Management expressed optimism about international sales growth in fiscal 2026, despite temporary issues with product specifications [12][13] Other Important Information - The company harvested over 28,000 kilograms of flower in Q1, representing a 43% year-over-year increase, driven by improved yields and ongoing refinements [10] - The company announced a proprietary breakthrough in powdery mildew resistance, allowing for quicker screening of seedlings [11] - Total cash and short-term investments at quarter end were CAD 63 million, including CAD 7.6 million of unrestricted cash [23] Q&A Session Summary Question: Near-term opportunities and prioritization of initiatives - Management emphasized operational execution and cost base improvement as short-term priorities, while focusing on international expansion for long-term growth [29][30] Question: Insight on international volumes and flower issues - Management noted stringent international flower requirements and identified core drivers of recent issues, expecting to resolve them soon [35] - The estimated impact on international revenue was about CAD 3.5 million due to out-of-spec flower [36] Question: Recovery in the Canadian market - Management confirmed recovery in BC distribution levels and acknowledged increased competition in vapes and pre-rolls, with plans for new innovations to regain market share [42][43] Question: EU GMP certification timeline - Management is working closely with regulators to address feedback and is unable to provide a specific timeline for certification [47][48] Question: Route to market in Europe - Management indicated a mixed approach for market entry, utilizing both direct sales and partnerships depending on regulations [51][53] Question: U.S. market investment strategy - Management stated that the U.S. market is currently a minor part of the business, and they are being cautious with investments due to regulatory uncertainties [55][56]

Core Insights - Reborn Coffee, Inc. has completed construction of its flagship location within Tencent's new headquarters in Shenzhen, China, with a grand opening planned after the Chinese New Year [1][3][4] - The new headquarters spans over 80 hectares and is designed to promote collaboration and innovation, positioning Reborn Coffee in a significant technology ecosystem [3][4] - Reborn Coffee's headquarters in Brea, California, is enhancing quality control initiatives to align with regional consumer preferences while maintaining global standards [6] Company Expansion - The flagship store is part of Tencent's campus, which accommodates over 23,000 employees and features approximately 500,000 square meters of office space [4] - Reborn Coffee aims to leverage this location for brand visibility and operational learning, contributing to its global growth strategy [8] - The company is focused on redefining the coffeehouse model through premium products and technology-driven initiatives [9]

Core Insights - Australian manufacturer Packserv has partnered with FP Developments to distribute its packaging machinery in the US, expanding its market reach beyond Australia [1][3] - The collaboration aims to provide local support and services for US businesses, particularly in sectors like fast-moving consumer goods, pharmaceuticals, and cosmetics [2][3] Company Overview - Packserv's product line includes machinery for liquid filling, capping, conveyor systems, and container handling, all assembled in Australia [1] - The partnership is part of Packserv's broader strategy to enhance the international presence of Australian-made industrial machinery [3] Market Strategy - The agreement is based on shared engineering and manufacturing standards, allowing manufacturers to adapt their packaging operations as needed [2] - Packserv plans to showcase its joint offerings with FP Developments at Pack Expo East in Philadelphia in February 2026 [4] Product Development - Packserv recently launched a new four-head 5-liter pneumatic filling machine designed for food and pharmaceutical production environments, ensuring compliance with HACCP or TGA standards [4][5]

Core Insights - Costco Wholesale enters 2026 with strong membership growth, high renewal rates, and steady business compounding, but the stock trades at a premium valuation with elevated expectations [1][2] Membership Growth - Membership revenue reached $5.3 billion in 2025, driven by increased paid memberships and a fee hike in late 2024, with global renewal rates near 90% [4] - In 2026, the focus will be on maintaining membership momentum without another fee increase, emphasizing the need for growth through volume rather than pricing [5] - Continued growth in paid memberships and stable renewal rates in newer markets will indicate the strength of Costco's membership value proposition [6] International Expansion - Costco's growth increasingly relies on international markets, with over 900 warehouses globally and significant potential in high-income regions like China [7] - The challenge for 2026 is not just opening more international warehouses but ensuring they develop high-quality, high-renewal membership bases similar to North America [8] - Investors will monitor paid memberships and renewal rates in newer markets, as store openings become less critical compared to renewal rates, margins, and returns [9]

Core Insights - Delta Air Lines has placed its first direct order for up to 60 Boeing 787 Dreamliners to support long-haul international growth and modernize its widebody fleet [1][2] - The order includes 30 787-10 jets with the option for up to 30 additional units, aimed at enhancing Delta's operations on high-demand transatlantic and South American routes [1][3] Company Strategy - Delta's CEO, Ed Bastian, emphasized that the new fleet will enhance customer experience, drive operational improvements, and replace older, less efficient aircraft [3] - The 787-10 offers capacity for up to 336 passengers and features 25% lower fuel consumption compared to the aircraft it replaces, providing the lowest operating cost per seat among widebody airplanes [3][4] Partnership and Economic Impact - Boeing's President and CEO of Commercial Airplanes, Stephanie Pope, highlighted the efficiency, range, and passenger comfort of the 787 Dreamliner, reinforcing the partnership with Delta and supporting U.S. aerospace manufacturing jobs [4] - With this latest purchase, Delta's firm order book now totals 130 Boeing airplanes, including an order for 100 737-10 jets, which will enhance Delta's ability to serve more passengers on a diversified network [5][7]

Core Insights - O'Reilly Automotive, Inc. (ORLY) is recognized as a strong long-term compounder and is currently undergoing significant expansion, which lays the groundwork for international growth [1] Company Overview - O'Reilly Automotive has demonstrated solid performance over the years, indicating its potential for continued growth and profitability [1] Expansion Plans - The company is in the midst of a major expansion initiative, which is expected to enhance its market presence and facilitate international operations [1]