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LBS Clients’ 2023 Interim Results Highlights

In the first half of 2023, our clients across diverse industries have achieved exceptional financial outcomes. Their achievements reflect their dedication, strategic planning, and effective execution in a dynamic business environment.

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Client News

Endurance RP Limited (0575.HK): Excellent Positive Results from Phase 3 Randomised Clinical Trial of FortacinTM / SenstendTM in China

The Company is pleased to announce its commercial strategic partner Wanbang Biopharmaceutical Co., Ltd. has successfully completed the Phase 3 double-blind placebo-controlled study of SenstendTM in China for the treatment of premature ejaculation. The study recorded excellent positive results which met all four co-primary endpoints of Intra-vaginal Ejaculation Latency Time, Index of Premature Ejaculation Ejaculatory Control and IPE Sexual Satisfaction domains and IPE Distress.

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Client News

Venture Philanthropy Firm SIP Aims to Invest in 4 Social Enterprises This Year and Seeks to Triple Next Year

The Venture Philanthropy Firm – Social Impact Partners (SIP), one of LBS’s pro-bono partners, has established for nearly 10 years. Lillian Li, CEO of SIP, briefly introduced in the interview that SIP is providing financial and professional support for social enterprises with potential for social impact. Two target enterprises are exercising due diligence with cooperative accounting firm, one is expected to be finished at the end of February.

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Client News

CIMC Enric: Renewable Energy will be Dominant in the Future

Mr. Yang Xiaohu, Executive Director and General Manager of CIMC Enric Holdings Limited (3899.HK), accepted an exclusive interview with Hong Kong Economic Times and mentioned, the renewable energy-based energy structure supplemented by natural gas will be more common in the future as the natural gas storage technology is going mature which improves the energy efficiency to a larger extent by its use together with renewable energy.

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Client News

CIMC Enric Delivered Budweiser’s Largest Craft Brewery in the Asia-Pacific Region Carbon Neutrality Turnkey Service Supports Alcohol Industry’s Green Upgrade

CIMC Enric Holdings Limited (“CIMC Enric” or the “Company”) and its subsidiaries (collectively, the “Group”) (Hong Kong stock code: 3899.HK) are pleased to announce that the Company’s subsidiary CIMC Liquid Process Technology Co., Ltd (“CIMC Liquid Process Technology”) successfully delivered the Budweiser Putian Craft Beer Factory, the largest craft beer factory of Budweiser in the Asia-Pacific region.

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Client News

Deep Longevity Selected by Kickstart as One of the Most Promising Start-ups in the World Discussing Proof of Concepts with Big Insurance and Health and Wellbeing Companies

Endurance RP Limited’s (“Endurance Longevity” or the “Company” and together with its subsidiaries, the “Group”; stock code: 0575.HK) wholly owned subsidiary Deep Longevity, Inc, a Hong Kong-based AI innovator and a leading provider of deep biomarkers of aging and longevity is pleased to announce that Deep Longevity was selected under Kickstart’s innovation 2022 accelerator programme as one of the 43 most promising start-ups/scaleups amongst 1,500+ applications from over 55 countries around the world.

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Client News

Wasion Holdings wins HKD224 million contracts from Southern Grid

The Company (stock code: 3393.HK), as the PRC’s leading provider of energy-measurement equipment and energy-saving solutions, is pleased to announce that Wasion Group Limited (“Wasion Group”), a subsidiary of the Group, won contracts in the first framework tender for metering products in 2022 from China Southern Power Grid Co., Ltd. (‘‘Southern Grid’’) with a total value of approximately RMB134.33 million (approximately HK$157.17 million).

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Client News

Wasion Holdings Subsidiaries win contracts from State Grid worth HKD787.63 million, Maintains leading position in winning tenders and total contract value

The Company (stock code: 3393.HK), the PRC’s leading provider of energy-measurement equipment and energy-saving solutions, is pleased to announce that two of its subsidiaries have won contracts worth a total of RMB667.99 million (approximately HK$787.63 million) for smart meters and power usage data collection equipment in the State Grid Corporation of China’s (‘‘State Grid’’) first tender during 2022.

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Client News

CIMC Enric’s LPG Tank Trucks with Pumps Obtained Three New Assessments Certification Reaffirm its leading position for LPG micro-pipe network integrated solutions

The Company together with its subsidiaries (the “Group”) (Stock Code: 3899.HK) is pleased to announce today that the small LPG (commercial propane) tank truck with unloading pump (“LPG tank truck with pump”) manufactured by Jingmen Hongtu Special Aircraft Manufacturing Co., Ltd. (“Jingmen Hongtu”), a subsidiary of the Company, successfully passed the technical assessments on “new materials, new processes and new technologies ” (“the Certificate”) with its. As one of the only two intelligent LPG micro-pipe network integrated solution providers in China that have passed the three new assessments, the products obtained such qualification can now be offering for sale in the market. This achievement fills a gap in clean energy applications for the country, paved the way for development of LPG micro-pipe network for China’s rural regions.

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Client News

CIMC Enric Wins Bids for 10,000-tons Baijiu Production Line Intelligent Transformation Project of Shanghai Guijiu Will Help Construct Gaojiang Meili Factory

The Company together with its subsidiaries (the “Group”) (Stock Code: 3899.HK) is pleased to announce that the Company’s subsidiary CIMC Liquid Process Technology Co., Ltd won the bid for the Gaojiang Meili Factory Project of Guizhou Gaojiang Jiuye Co., Ltd. ( “Gaojiang Jiuye”), a subsidiary of Shanghai Guijiu Co., Ltd. ( “Shanghai Guijiu”). CIMC Enric will manufacture and install stainless steel tanks for use in the project.

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Client News

CIMC Enric and Templewater Sign Strategic Cooperation Framework Agreement To create a comprehensive hydrogen solution for public transport in Hong Kong

The Company together with its subsidiaries (the “Group”) (Stock Code: 3899.HK) is pleased to announce today that the company has signed a strategic cooperation agreement (the “Agreement”) with Templewater Group (“Templewater”) to conduct in-depth cooperation covering green hydrogen production, refueling and application to expand the various applications for hydrogen energy. This partnership will develop Hong Kong’s first pilot applications for hydrogen fuel cell double-decker bus and an integrated hydrogen production and refueling station to jointly expand the city’s hydrogen energy market and create a comprehensive hydrogen energy solution for public transport.

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Client News

CIMC-HEXAGON signs a MOU with Bravo Transport Services To develop type IV hydrogen storage cylinder systems for hydrogen fuel-cell double decker buses in Hong Kong

The Company together with its subsidiaries (the “Group”) (Stock Code: 3899.HK) is pleased to announce that CIMC-HEXAGON Hydrogen Energy Systems Limited (“CIMC-HEXAGON”), a joint-venture company of CIMC Enric and Hexagon Purus producing hydrogen cylinder and systems solutions for mobility applications in China and Southeast Asia, has signed a Memorandum of Understanding (“MoU”) with Hong Kong-based bus operator Bravo Transport Services Limited (“Bravo”),

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Client News

CIMC Vehicles’s “Vanguard Trailer Rental” Completes Series A-round Financing of Over RMB 100 Million To Create a Standardized, Intelligent Trailer Pool for Sharing of Drop and Pull Transportation and Logistics Equipment

The Company is pleased to announce that its controlling subsidiary, Vanguard Trailer Renta has completed its Series A-round financing, attracting over RMB 100 million. This round of financing will be utilized to finance the development of Vanguard Trailer Rental’s existing businesses, replenish working capital, and expedite the promotion of its business model.

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Client News

CCMGT (9982.HK) Outperformed Four Core Operational Indicators for 2021, Net Profit and Revenue Increased 13%, Dividend Payout Ratio Reached 65%

The Company announced its annual results for the 12 months ended 31 December 2021. Benefited from the fact that China achieved economic growth, continuous improvement in the management standards of property developers in China and the “Greater Central China” strategy of the Company, the revenue of the Company increased 13.0% to RMB1,300 million as compared to 2020. Net profit amounted to RMB770 million, representing an increase of 13.0% as compared with the last year. Net profit margin was 59.2%. The earnings per share increased RMB1.42 cents to RMB24.39 cents. The Board of Directors declared a final dividend of HK9.90 cents (equivalent to RMB8.09 cents) per share for the year ended 31 December 2021.

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Client News

Baguio (1397.HK) Awarded EPD Service Contract to Provide Recyclable Food Waste Collection Services in Kowloon District

The Company has been awarded a service contract by Hong Kong’s Environmental Protection Department for the provision of recyclable food waste collection services in Kowloon District. Baguio will collect recyclable food waste from widespread locations including shopping malls, cooked food centres, wet markets, hotels, restaurants, hospitals, elderly centres, commercial and residential buildings and government premises.

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