Core Viewpoint - The collaboration between Guangdong and Guangxi (粤桂协作) is enhancing regional economic development through industrial cooperation, talent exchange, and consumer support, ultimately promoting common prosperity and sustainable growth in the region [1][3][4]. Industrial Development - The establishment of the Shenzhen-based deep manufacturing industrial park in Baise, Guangxi, is expected to achieve an annual output value of over 1 billion yuan, with a total projected output of 1.5 billion yuan for the park [2][4]. - Guangxi is set to build 50 projects focused on extending and strengthening industrial chains, with 49 unique industrial categories being developed [3]. - The collaboration has led to the creation of 787 new enterprises and 125 industrial parks, generating an industrial agglomeration effect with an estimated output value of 600 billion yuan [4][5]. Employment and Labor Services - The collaboration has facilitated the creation of 3,500 job opportunities in the Shenzhen Longgang-Baise Jingxi cooperation industrial park, with significant employment support for local residents [6][7]. - Over 42,000 rural laborers have been stabilized in employment through various initiatives, including the establishment of 126 labor markets and 59 employment bases [9]. - The "Sunshine Quick Hire" labor market has successfully connected over 20,000 individuals with job opportunities, enhancing employment services in the region [8][9]. Talent Exchange and Support - The "group-style" assistance model has brought in 219 retired experts to support local healthcare and education sectors in Baise, enhancing the quality of services [10][11]. - Since 2024, over 1,300 professional technical talents have been dispatched from Guangdong to Guangxi, contributing to local capacity building [12]. Consumer Support and Agricultural Development - The collaboration has facilitated the sale of over 36 billion yuan worth of agricultural products and handicrafts from Guangxi to Guangdong, enhancing market access for local farmers [15]. - The introduction of new agricultural products, such as mango ice cream, has significantly increased the processing capabilities in Guangxi, contributing to an estimated total industrial output of 210 billion yuan [14][15]. - The promotion of local brands and products through events has helped raise awareness and demand for Guangxi's agricultural offerings in larger markets [13][14]. Tourism and Cultural Integration - The integration of tourism with local cultural elements has led to a 23.38% increase in domestic tourist visits to Daxin County, generating significant revenue [16]. - The collaboration has fostered the development of cross-border tourism products, enhancing the region's attractiveness to visitors [16].

VTech Holdings Limited FY2025 Annual Results Announcement 14 May 2025 Financial Review 2 Financial Highlights For the year ended 31 March | (US$ M) | 2025 | 2024 | Change | | --- | --- | --- | --- | | Revenue | 2,177.2 | 2,145.7 | 1.5% | | Gross Profit | 686.8 | 634.9 | 8.2% | | Gross Profit Margin % | 31.5% | 29.6% | 1.9% pts | | Operating Profit | 188.7 | 196.2 | -3.8% | | Operating Profit Margin % | 8.7% | 9.1% | -0.4% pts | | Profit Attributable to Shareholders of the Company | 156.8 | 166.6 | -5.9% | | ...