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Category: China

  • MIL-OSI Russia: Breaking: Xi Jinping and V. Putin Meet with the Press

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Xinhua | 08. 05. 2025

    Keywords: Xi Jinping, Chairman of the People’s Republic of China, Putin, press, met, urgently, anniversary of victory, state visit, Jinping, Thursday, participation, celebrations, Wednesday, occasion, Russia, arrived

    Moscow, May 8 (Xinhua) — Chinese President Xi Jinping and Russian President Vladimir Putin met with the press here on Thursday.

    Xi Jinping arrived in Russia on Wednesday for a state visit and to attend celebrations marking the 80th anniversary of Victory in the Great Patriotic War. –0–

    Source: Xinhua

    Breaking: Xi Jinping and V. Putin Meet with the Press Breaking: Xi Jinping and V. Putin Meet with the Press

    MIL OSI Russia News –

  • MIL-OSI Russia: China’s Ministry of Commerce: China is ready to cooperate with all countries to promote healthy development of cross-border e-commerce

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, May 8 (Xinhua) — China is willing to work with all countries to strengthen cooperation and promote the healthy and sustainable development of cross-border e-commerce, Ministry of Commerce spokesperson He Yadong said at a regular press conference on Thursday.

    Cross-border e-commerce meets the individual needs of consumers around the world with advantages such as high efficiency, fast delivery and cost savings, the department official said.

    The comments came after the United States formally ended duty-free treatment for small packages from China on May 2.

    “Abolishing the duty-free treatment for small parcels from China will harm the interests of enterprises and consumers in both countries,” He Yadong said, adding that China firmly opposes it.

    He stressed that this move by the US will not change the trend of rapid development of cross-border e-commerce.

    China is willing to work with all countries to strengthen cooperation, jointly create a fair and predictable policy environment, and promote the healthy and sustainable development of cross-border e-commerce, the MOC spokesman said. -0-

    MIL OSI Russia News –

  • MIL-OSI China: China ready to work with all countries on healthy cross-border e-commerce development: commerce ministry

    Source: People’s Republic of China – State Council News

    China ready to work with all countries on healthy cross-border e-commerce development: commerce ministry

    BEIJING, May 8 — China is willing to work with all countries to strengthen cooperation and promote the healthy and sustainable development of cross-border e-commerce, a spokesperson for the Ministry of Commerce said on Thursday.

    Cross-border e-commerce satisfies the personalized needs of consumers worldwide, boasting advantages such as high efficiency, fast delivery, and cost savings, said commerce ministry spokesperson He Yadong at a regular press conference.

    The remarks were made after the United States canceled its tariff exemption policy for small parcels from China on May 2.

    The cancellation will harm the interests of businesses and consumers in both countries, said the spokesperson, noting, “We firmly oppose it.”

    He emphasized that the U.S. policy move will not impede the rapid development momentum of cross-border e-commerce.

    China is willing to work with all countries to strengthen cooperation, jointly create a fair and predictable policy environment, and promote the healthy and sustainable development of cross-border e-commerce, according to the spokesperson.

    MIL OSI China News –

  • MIL-OSI China: Xi says China, Russia to shoulder special responsibility as major countries

    Source: People’s Republic of China – State Council News

    MOSCOW, May 8 — China will work with Russia to shoulder the special responsibility as major countries of the world and permanent members of the UN Security Council, Chinese President Xi Jinping said here Thursday.

    Xi made the remarks while holding talks with Russian President Vladimir Putin during his state visit to Russia.

    At present, in the face of the countercurrent of unilateralism and the act of power politics and bullying in the world, the two sides should take a clear stand to jointly promote the correct historical perspective on World War II, safeguard the authority and status of the United Nations, resolutely defend the rights and interests of China, Russia and the vast number of developing countries, and promote an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization, Xi said.

    Noting that he was glad to visit Russia again at the invitation of Putin and attend the celebrations marking the 80th anniversary of the Victory in the Soviet Union’s Great Patriotic War, Xi said that history and reality have fully proved that continuing to develop and deepen China-Russia relations is integral to carrying forward the friendship between the two peoples from generation to generation.

    It is an inevitable choice for both sides to achieve mutual success and promote their own development and revitalization, Xi said, adding that it is also the call of the times for safeguarding international fairness and justice and promoting the reform of the global governance system.

    Noting that this year marks the 80th anniversary of the victories of the Chinese People’s War of Resistance against Japanese Aggression, the Soviet Union’s Great Patriotic War and the World Anti-Fascist War, Xi said that 80 years ago, peoples of China and Russia made tremendous sacrifices and won great victories, making remarkable historic contributions to maintaining world peace and the cause of human progress.

    MIL OSI China News –

  • MIL-OSI Europe: Press release – Human rights breaches in Tanzania, Russia and Tibet

    Source: European Parliament

    On Thursday, Parliament adopted human rights resolutions on Tanzania, Russia and Tibet.

    Arrest and risk of execution of Tundu Lissu, leader of Chadema, Tanzania’s main opposition party

    In their resolution, MEPs condemn the arrest of the leader of Tanzania’s main opposition party Chadema, and express great concern regarding the politically motivated accusations that could lead to Tundu Lissu being sentenced to death.

    They urge the Tanzanian authorities to restore Chadema’s full participation in the October 2025 elections, engage in dialogue with all political parties on electoral reform, respect the political parties’ rights and guarantee free and fair elections.

    The resolution denounces the escalation of repression in Tanzania, with arbitrary arrests and the harassment of opposition politicians, human rights defenders, LGBTQI+ activists, journalists and civil society organisations.

    Tanzania must abolish the death penalty and commute all death sentences, say MEPs, and the EU must ensure its development cooperation with Tanzania, not least under the Global Gateway initiative, is compatible with the promotion of human rights, freedom of expression and fair trial standards.

    The resolution was adopted by show of hands.

    Return of Ukrainian children forcibly transferred and deported by Russia

    MEPs strongly condemn the “genocidal strategy” carried out by Russia, with the support of Belarus, designed to erase Ukrainian identity. The forced transfer and deportation of Ukrainian children, their illegal adoption, their assassination, and the forced Russification and militarisation must stop.

    Russia must report the identities and whereabouts of all deported Ukrainian children and ensure their well-being and safe and unconditional return. The Russian authorities must also allow international organisations, such as the International Committee of the Red Cross, the Office of the UN High Commissioner for Human Rights and UNICEF, access to all deported Ukrainian children, argue MEPs.

    The EU must continue to support the Ukrainian authorities and international and non‑governmental organisations in their efforts to document the deported children. . MEPs also call on the EU and the member states to join the International Coalition for the Return of Ukrainian Children. The international community must meanwhile hold Russia accountable by reinforcing coordination through the International Criminal Court, the International Court of Justice, and the Special tribunal for the crime of aggression against Ukraine. “Any genuine peace deal must include the repatriation of these children and accountability for forcible transfers and deportations, ” MEPs conclude.

    The resolution was adopted by 516 votes in favour, 3 votes against and 34 abstentions.

    Violations of religious freedom in Tibet

    MEPs strongly condemn China’s repressive assimilation policies and violations of human rights, which seek to eliminate Tibet’s religious and cultural traditions and heritage. They express deep concern regarding the death in suspicious circumstances of Tulku Hungkar Dorje in March 2025 in Vietnam and call for an immediate, independent and transparent investigation, with international oversight, access to evidence and witnesses, and the immediate return of his remains.

    China’s authorities must put an end to discrimination against religious and ethnic minorities, allow peaceful religious practice, and release all religious and political prisoners, including the rightful Panchen Lama and Ilham Tohti.

    Parliament also condemns the transnational repression practices of the Chinese authorities and their interference in the selection of Tibetan Buddhist spiritual leaders, including the Dalai Lama. It calls on the EU to impose sanctions on officials and entities responsible for human rights violations in Tibet.

    The resolution was adopted by 478 votes in favour, 30 votes against and 41 abstentions.

    MIL OSI Europe News –

  • MIL-OSI NGOs: Sudan: Advanced Chinese weaponry provided by UAE identified in breach of arms embargo – new investigation

    Source: Amnesty International –

    • Norinco Group guided bombs and howitzers used in attacks
    • Weapons almost certainly provided by UAE to RSF in Sudan
    • “Civilians are being killed and injured because of global inaction” – Brian Castner

    Sophisticated Chinese weaponry, re-exported by the United Arab Emirates (UAE), has been captured in Khartoum, as well as used in Darfur in a blatant breach of the existing UN arms embargo, Amnesty International said following a new investigation.

    By analysing pictures and videos showing the aftermath of attacks by the Rapid Support Forces (RSF), Amnesty International identified Chinese GB50A guided bombs and 155mm AH-4 howitzers. This is the first time GB50A bombs have been documented in active use in any conflict worldwide. The weapons are manufactured by the Norinco Group, also known as China North Industries Group Corporation Limited, a Chinese state-owned defence corporation. The weapons were almost certainly re-exported to Sudan by the UAE.

    “This is clear evidence that sophisticated Chinese-made guided bombs and howitzers have been used in Sudan,” said Brian Castner, Head of Crisis Research at Amnesty International.

    “The presence of recently manufactured Chinese bombs in North Darfur is a clear violation of the arms embargo by the UAE. Our documentation of AH-4 howitzers in Khartoum further strengthens a growing body of evidence showing extensive UAE support to the RSF, in violation of international law.

    “It is shameful that the UN Security Council is failing to implement the existing  arms embargo on Darfur, and not heeding calls to extend it to all of Sudan. Civilians are being killed and injured because of global inaction, while the UAE continues to flout the embargo. The UAE must halt its arms transfers to the RSF immediately. Until they do, all international arms transfer to the UAE must also stop.”

    This is clear evidence that sophisticated Chinese-made guided bombs and howitzers have been used in Sudan.

    Brian Castner, Head of Crisis Research at Amnesty International

    China, as state party to the Arms Trade Treaty (ATT), must take urgent measures to prevent the diversion of arms to Sudan. By continuing to supply such weapons to the UAE – a state which has a long track record of supplying arms to conflict where war crimes and violations of international humanitarian law are regularly occurring – China risks indirectly supplying weapons to the conflict.

    The UAE, as a signatory to the ATT, has consistently undermined its object and purpose. All states should stop transferring arms to the UAE until such time that the UAE can guarantee that none will be reexported to Sudan or to other embargoed destinations, and that all it’s past breaches of the UNSC arms embargoes are thoroughly investigated and perpetrators brought to account.

    Last year, Amnesty International’s briefing New Weapons Fuelling the Sudan Conflict documented how recently manufactured weapons from countries including China, Russia, Türkiye and the UAE had been transferred into and around Sudan, often in flagrant breach of the existing Darfur arms embargo. Amnesty International also revealed how French-manufactured weapons systems were being used on the battlefield in Sudan.

    Amnesty International sent letters to Norinco Group regarding the findings on 18 April 2025. At the time of publication, no response had been received.

    MIL OSI NGO –

  • MIL-OSI: Himax Technologies, Inc. Reports First Quarter 2025 Financial Results; Provides Second Quarter Guidance

    Source: GlobeNewswire (MIL-OSI)

    Q1 2025 Revenues At the High End of Projected Range, Gross Margin In-Line, EPS Exceeded Guidance Range Issued on February 13, 2025
    Company Q2 2025 Guidance: Revenues to Decrease 5.0% to Increase 3.0% QoQ, Gross Margin is Expected to be Around 31.0%. Profit per Diluted ADS to be 8.5 Cents to 11.5 Cents

    • Q1 2025 revenues were $215.1M, a decrease of 9.3% QoQ, reaching the high end of the guidance range of 8.5% to 12.5% decrease QoQ
    • Q1 GM reached 30.5%, in line with guidance of around 30.5%, flat from last quarter but up from 29.3% the same period last year, mainly a result of favorable product mix and continued cost optimization
    • Q1 2025 after-tax profit was $20.0M, or 11.4 cents per diluted ADS, exceeding the guidance range of 9.0 cents to 11.0 cents
    • Himax Q2 2025 revenues to decline 5.0% to increase 3.0% QoQ. GM to be around 31.0%, up from 30.5% in the prior quarter. Profit per diluted ADS to be in the range of 8.5 cents to 11.5 cents
    • Currently, tariffs have not had a significant direct impact on Himax’s business
    • Conservative Q2 revenue guidance reflects customers’ overall caution toward the global economic outlook and end market demand. Low 2H25 market visibility as tariff negotiations continues
    • As the tariff-driven supply chain restructuring gains momentum, Himax is deepening its well-established Taiwan supply chain and strengthening into CN, KR, SG to enhance production flexibility, cost competitiveness and mitigate geopolitical risks
    • Despite near-term headwinds, Himax continues to lead the global automotive display market, holding a 40% share in DDIC, over 50% in TDDI, and an even higher share in cutting-edge local dimming Tcon technologies
    • Sample shipments of first-gen silicon photonics packaging solution for engineering validation and trial production are proceeding as planned. Himax continues to advance technology roadmap in close collaboration with FOCI, top-tier AI companies, and foundry partner through joint development of future-gen CPO solutions to meet the escalating bandwidth requirements driven by AI and HPC
    • Despite the volatile geopolitical environment, Himax continues to actively explore high-growth markets to expand global footprint while developing long-term competitive advantages. Established a three-party strategic alliance with Powerchip and Tata Electronics. The collaboration echoes the “Make in India” strategy of the Indian government for high-tech areas while exploring India’s vast market demand

    TAINAN, Taiwan, May 08, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announced its financial results for the first quarter 2025 ended March 31, 2025.

    “The recent abrupt and significant NT dollar appreciation against the US dollar, its impact on our Q2 financial results is limited and has been accounted for in Q2 financial guidance. Currently, tariffs have not had a significant direct impact on Himax’s business, as our IC products are not directly exported to the U.S. Amid the volatile macro environment, most panel customers have adopted a make-to-order model and are keeping inventories lean. In response, we are carefully monitoring wafer-starts, maintaining low inventory levels, and rigorously controlling operating expenses,” said Mr. Jordan Wu, President and Chief Executive Officer of Himax.

    “Automotive IC business currently accounts for half of Himax’s revenue. Having served the automotive display market for almost two decades, Himax has maintained a balanced global market share across major regions while demonstrating technological leadership and offering the industry’s most comprehensive suite of panel ICs, spanning LCD to OLED. Combined with over a decade of loyal relationships with global Tier 1 suppliers and automotive brands, these strengths help mitigate potential risks from tariffs and reinforce the long-term stability of our automotive business. In addition, Himax remains committed to a number of innovative fields, namely ultralow power AI, AR glasses, and co-packaged optics. These innovative fields are relatively less affected by macroeconomic fluctuations, and customer development efforts have not slowed due to tariff uncertainties. We expect these businesses to contribute meaningfully to both revenue and gross margin in the years ahead,” concluded Mr. Jordan Wu.

    First Quarter 2025 Financial Results

    Himax net revenues registered $215.1 million, a decrease of 9.3% sequentially, reaching the high end of guidance range of a decline of 8.5% to 12.5%, but representing a 3.7% increase year over year. Gross margin was 30.5%, in line with guidance of around 30.5%, flat from last quarter and up from 29.3% in the same period last year. The year-over-year increase was driven by a favorable product mix and continued cost optimization. Q1 profit per diluted ADS was 11.4 cents, exceeding the guidance range of 9.0 to 11.0 cents, primarily due to lower operating expenses.

    Revenue from large display drivers came in at $25.0 million, flat from last quarter despite the seasonal downturn. This was primarily driven by demand spurred by Chinese government subsidies aimed at reviving domestic consumption. Notebook and monitor IC sales both recorded solid double-digit growth in Q1. In contrast, TV IC sales declined as expected, due to customers pulling forward their inventory purchases in the prior quarter. Sales of large panel driver ICs accounted for 11.6% of total revenues for the quarter, compared to 10.5% last quarter and 15.1% a year ago.

    Revenue from the small and medium-sized display driver segment totaled $150.5 million, reflecting a sequential decline of 9.8% amid a typical low season. However, Q1 automotive driver sales, including both traditional DDIC and TDDI, outperformed guidance of a low-teens sequential decline, declining just single digit from the last quarter. The sequential decline reflected the waning effect of the Chinese government’s renewed trade-in stimulus, announced in mid-August 2024, while demand in other major markets remained stable. Q1 auto IC sales rose nearly 20% year over year, reflecting ongoing customer reliance on Himax’s technology and the strength of Company’s competitive moat. Himax’s automotive business, comprising DDIC, TDDI, Tcon, and OLED IC sales, remained the largest revenue contributor in the first quarter, representing more than 50% of total revenues. Meanwhile, both smartphone and tablet driver sales declined as expected amid a subdued festival season. The small and medium-sized driver IC segment accounted for 70.0% of total sales for the quarter, compared to 70.3% in the previous quarter and 69.5% a year ago.

    Q1 non-driver sales reached $39.6 million, a 12.8% decrease from the previous quarter. The sequential decline was primarily attributable to the absence of a one-time ASIC Tcon shipment to a leading projector customer in the prior quarter, coupled with a moderation in automotive Tcon shipments after several quarters of robust growth. That being said, Himax’s position in local dimming Tcon for automotive remains unrivaled, supported by increasing validation and adoption from leading panel makers, Tier 1 suppliers, and automotive manufacturers around the world. Himax also has a robust pipeline of over two hundred design-win projects that are set to gradually enter mass production in the coming years. Non-driver products accounted for 18.4% of total revenues, as compared to 19.2% in the previous quarter and 15.4% a year ago.

    First quarter operating expenses were $45.7 million, a decrease of 7.0% from the previous quarter and a decline of 9.8% from a year ago. Amid ongoing macroeconomic challenges, Himax is strictly enforcing budget and expense controls.

    First quarter operating income was $19.8 million or 9.2% of sales, compared to 9.7% of sales last quarter and 4.8% of sales for the same period last year. The sequential decrease was mainly the result of lower sales, offset by lower operating expenses. The year-over-year increase resulted primarily from higher sales, improved gross margins, and lower operating expenses. First-quarter after-tax profit was $20.0 million, or 11.4 cents per diluted ADS, compared to $24.6 million, or 14.0 cents per diluted ADS last quarter, and up from $12.5 million, or 7.1 cents in the same period last year.

    Balance Sheet and Cash Flow

    Himax had $281.0 million of cash, cash equivalents and other financial assets as of March 31, 2025. This compares to $277.4 million at the same time last year and $224.6 million a quarter ago. Himax achieved a strong positive operating cash flow of $56.0 million for the first quarter. As of March 31, 2025, Himax had $33.0 million in long-term unsecured loans, with $6.0 million being the current portion.

    Himax’s quarter-end inventories as of March 31, 2025 were $129.9 million, lower than $158.7 million last quarter and $201.9 million same period last year. Himax’s inventory levels have steadily declined for ten consecutive quarters since peaking during the Covid 19 pandemic when the industry was undergoing a supply shortage. As macroeconomic uncertainty impairs visibility across the ecosystem, Himax will continue to manage its inventory conservatively. Accounts receivable at the end of March 2025 was $217.5 million, down from $236.8 million last quarter but slightly up from $212.3 million a year ago. DSO was 91 days at the quarter end, as compared to 96 days last quarter and 93 days a year ago. First quarter capital expenditures were $5.2 million, versus $3.2 million last quarter and $2.7 million a year ago. First quarter capex was mainly for R&D related equipment for Company’s IC design business and ongoing construction of a new preschool near Himax’s Tainan headquarters for children of employees. The preschool is scheduled to open in 2026, reinforcing Company’s commitment to a family‑friendly workplace.

    Prior to today’s call, Himax announced an annual cash dividend of 37.0 cents per ADS, totaling $64.5 million and payable on July 11, 2025, with a payout ratio of 81.1% of the previous year’s profit. Himax will continue to focus on maintaining a healthy balance sheet while driving sustainable long-term growth to deliver value for its shareholders through high dividends and share repurchases.

    Outstanding Share

    As of March 31, 2025, Himax had 174.9 million ADS outstanding, unchanged from last quarter. On a fully diluted basis, the total number of ADS outstanding for the first quarter was 175.1 million. 

    Q2 2025 Outlook

    On the recent abrupt and significant NT dollar appreciation against the US dollar, its impact on Himax’s Q2 financial results is limited and has been accounted for in the financial guidance for the quarter. All of Himax’s revenues and nearly all of its cost of sales are US dollar denominated, providing a natural hedge for its buying and selling activities. In addition, the bulk of our R&D expenses, save for employee salaries, are also US dollar based. For employee compensation, a major item of Himax’s operating expenses, while its employees are paid in the local currency of their location for their salaries, their bonuses are all US dollar based. Other major non-US dollar expenses, mostly NT dollar-denominated, include utilities and income tax expenses. While Company don’t hedge for currency risk of our non-US dollar based operational expenses as the cost of such hedging would usually outweigh the benefit, Himax does purchase NTD in advance to cover the income tax payable, thereby minimizing the currency risk of a major expense item.

    The recently announced U.S. tariff measures have intensified global trade tensions, triggered volatility in capital markets, and heightened macroeconomic and market demand uncertainty. Currently, tariffs have not had a significant direct impact on Himax’s business, as Company’s IC products are not directly exported to the U.S. Instead, they are assembled into panels or modules by customers outside the United States and then sold into global markets, including the United States. Just a negligible portion — about 2%—of Himax’s products are shipped directly to the United States. Only customers for these products are subject to U.S. tariffs. Almost all of these products are manufactured in Taiwan. While some customers have requested early shipments to avoid tariff duties, many others have opted to defer their orders amid ongoing tariff-related uncertainties. The company’s conservative Q2 revenue guidance reflects the highly cautious stance of its customers in general toward the global economic outlook and end market demand amid ongoing tariff development. Looking into the second half of the year, overall market visibility remains low with the world continuing to closely monitor the development of tariff negotiations. As the tariff-driven supply chain restructuring gains momentum, Himax is deepening its well-established supply chain in Taiwan while further strengthening its supply chain presence in China, Korea, Singapore, and other regions to ensure production flexibility and cost competitiveness, and to better mitigate geopolitical risks.   

    Amid the volatile macro environment, most panel customers have adopted a make-to-order model and are keeping inventories lean. In response, Himax is carefully monitoring wafer-starts, maintaining low inventory levels, and rigorously controlling operating expenses. Concurrently, Company is further optimizing costs by diversifying both foundry and backend packaging and testing, while mitigating risks and enhancing manufacturing flexibility. This approach is exemplified by the major milestone recently achieved in automotive display IC collaboration with Nexchip in China, with products now in mass production and adopted by leading automakers. This not only validates Himax’s diversified supply chain strategy but also underscores its steadfast commitment to scaling capacity and cost optimization.

    Automotive IC business currently accounts for half of Himax’s revenue. Having served the automotive display market for almost two decades, Himax has maintained a balanced global market share across major regions while demonstrating technological leadership and offering the industry’s most comprehensive suite of panel ICs, spanning LCD to OLED. Combined with over a decade of loyal relationships with global Tier 1 suppliers and automotive brands, these strengths help mitigate potential risks from tariffs and reinforce the long-term stability of Himax’s automotive business.

    In addition, Himax remains committed to a number of innovative fields, namely ultralow power AI, AR glasses, and co-packaged optics (CPO). Technologies in these areas are approaching maturity and offer substantial growth potential. As a pioneer and leader in key technologies enabling these novel areas, Himax is working closely with supply chain partners, from technology development through to mass production, to actively expand new business opportunities. These innovative fields are relatively less affected by macroeconomic fluctuations, and customer development efforts have not slowed due to tariff uncertainties. Himax expects these businesses to contribute meaningfully to both revenue and gross margin in the years ahead.

    Despite the volatile geopolitical environment, Himax continues to actively explore high-growth markets, establish close partnerships with industry-leading companies, and continue to expand its global footprint while developing long-term competitive advantages. In Himax’s latest cross-border cooperation the Company established a three-party strategic alliance with Powerchip and Tata Electronics, a subsidiary of Tata Group, India’s largest and most influential conglomerate. This collaboration combines Tata Electronics’ deep manufacturing and local supply chain integration strengths, Powerchip’s mature wafer manufacturing capabilities, and Himax’s leading display IC and WiseEye ultralow power AI sensing technologies to jointly create a powerful ecosystem. The collaboration echoes the “Make in India” strategy of the Indian government for high-tech areas while exploring the huge potential demand of the Indian market.

    Display Driver IC Businesses

    LDDIC

    In Q2 2025, Himax anticipates large display driver IC sales to decline by a single digit sequentially, driven by customers’ pull forward orders placed in prior quarters, against the backdrop of Chinese government subsidies boosting domestic consumption. Monitor and notebook IC sales are expected to decrease in Q2, whereas TV IC sales are set to increase sequentially, driven by higher shipments to key end customers.

    Looking ahead in the notebook sector, Himax is observing a growing trend for premium notebooks to adopt OLED displays and advanced touch features, partially fueled by the rise of AI PC. Himax is well-positioned to capitalize on this trend, offering a comprehensive range of ICs for both LCD and OLED notebooks, including DDIC, Tcon, touch controllers, and TDDI. In addition, Himax is expanding its high-speed interface product portfolio to support faster data transfer rates, lower latency, and improved power efficiency, features that are critical for next-generation displays. Himax has made progress on the next-generation eDP 1.5 display interface for Tcon for both LCD and OLED panels. This high-speed interface supports high frame rates, low power consumption, adaptive sync, and high resolution, key features essential for next-generation AI PCs. Through ongoing portfolio expansion and continuous technology innovation, Himax is well-positioned to lead in the rapidly evolving landscape of AI PCs and premium notebooks.

    SMDDIC

    Q2 small and medium-sized display driver IC business is expected to decline single-digit from the last quarter. Himax expects Q2 automotive driver IC sales, including both TDDI and traditional DDIC, to decline mid-teens sequentially, reflecting the combined impact of tariffs and the waning effect of China’s automotive subsidy program. Despite these near-term headwinds, automotive TDDI adoption continues to expand across the globe, driven by growing demand for more intuitive, interactive, and cost-effective touch panel features essential in modern vehicles. Himax’s cumulative shipments of automotive TDDI have outpaced competitors, with nearly 500 design-in projects secured to date, the majority of which have yet to enter mass production. On top of a continuous influx of new pipelines and design wins across the board, Himax is well-positioned for continued growth, further reinforcing Himax’s leadership in this space. For automotive DDIC, Himax continues to see solid shipment volume for automotive DDICs for non-touch applications including cluster displays, HUDs, and rear- and side-view mirrors. Company’s confidence is further strengthened by the growing proliferation of advanced technologies, such as LTDI (Large Touch and Display Driver Integration) in large-display car models. Himax is a pioneer in LTDI technology, which supports seamless, integrated large touch display panels, typically larger than 30 inches or spanning pillar-to-pillar across the entire width of the cockpit. LTDI also features high-density touch functionality for responsive performance, making it ideal for next-generation smart cabin designs that emphasize large displays and intuitive touch interaction. Additionally, Himax is seeing an increasing number of customers choosing to adopt its integrated LTDI and Tcon solution as the standard platform for their ultra large automotive display development. Such panels typically require four or more LTDI chips and at least one local dimming Tcon per panel. This growing platform adoption of more of Himax’s automotive IC offerings not only reflects strong customer loyalty to its technologies but also signifies an increase in content value for Himax on a per-panel basis. Multiple projects with global leading car brands are set to begin mass production starting the end of 2025. Himax continues to lead the global automotive display market, holding a 40% share in DDIC, over 50% in TDDI, and an even higher share in cutting-edge local dimming Tcon technologies.

    Himax expects Q2 smartphone IC revenues to decline mid-teens from last quarter, while tablet IC sales are poised to grow by high teens sequentially, driven by renewed demand from leading customers following several quiet quarters.

    On OLED business update. In the automotive OLED market, Himax has forged strategic alliances with leading panel makers in Korea, China, and Japan. As OLED technology expands beyond premium car models, Himax is well positioned to become the partner of choice and accelerate OLED adoption in vehicles by capitalizing on its strong presence and proven track record in automotive LCD displays. Leveraging Himax’s first mover advantage, Company offers a comprehensive suite of solutions, including DDIC, Tcon, and on-cell touch controllers. It’s worth noting that Himax’s advanced OLED on-cell touch-control technology boasts an industry-leading signal-to-noise ratio exceeding 45 dB, delivering reliable performance even under challenging operational conditions such as glove wearing or wet-finger. The solution entered mass production in 2024, and an increasing number of leading global brands are rapidly adopting it for their premium car models. Himax expects to be a key beneficiary of the shift to OLED displays for the automotive industry over the next few years, unlocking a new growth driver for Himax that further reinforces its market leadership.

    In addition, Himax has expanded its comprehensive OLED portfolio into the tablet and notebook markets, covering DDIC, Tcon, and touch controllers, through partnerships with leading OLED panel makers in Korea and China. Several new projects are slated to enter mass production with top-tier brands later this year. Meanwhile, Himax is developing value-added features, such as active stylus and gaming models to further enhance its product differentiation and competitive edge. In the smartphone OLED market, Himax is making solid progress in its collaborations with customers in Korea and China and expects mass production to start later this year.

    Non-Driver Product Categories

    Q2 non-driver IC revenues are expected to increase low teens sequentially.

    Timing Controller (Tcon)

    Himax anticipates Q2 2025 Tcon sales to increase high teens sequentially, primarily due to increased shipment of Tcon for notebook and automotive products. Automotive Tcon sales are set to increase by double digit in Q2, fueled by a strong pipeline of over two hundred design-win projects gradually entering mass production. With a steady influx of new projects, coupled with growing validation and widespread adoption of Himax’s local dimming Tcon in both premium and mainstream car models worldwide, Himax continues to maintain an unchallenged leadership position with a dominant market share. In the second quarter, Himax expects Tcon business to account for over 12% of total sales, with notable contributions from automotive Tcon. Meanwhile, head-up-display (HUD) is emerging as a major growth area within automotive displays, where local dimming Tcon adoption is accelerating. Himax’s industry-leading local dimming Tcon eliminates the “postcard effect” often seen in HUDs, caused by backlight leakage typical of conventional TFT LCD panels, delivering crisp, high‑fidelity images on the windshield. Additionally, it features advanced transparency detection to prevent the display from obstructing the driver’s view, thereby ensuring driving safety. With several HUD projects already underway and increasing inquiries, Himax is excited about the potential opportunity ahead. Himax’s automotive Tcon business is well positioned for growth over the next few years.

    WiseEye™ Ultralow Power AI Sensing

    On the update of WiseEye™ ultralow power AI sensing solution, a cutting-edge endpoint AI integration featuring industry-leading ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm. In the rapidly evolving AI landscape, WiseEye AI technology stands out for its expertise in on‑device AI, characterized by remarkably low power consumption, operating at just single‑digit milliwatts, and enabling AI functionality in battery‑powered endpoint devices. Additionally, WiseEye AI significantly extends battery life and improves overall data processing efficiency by offloading tasks from the main processor. These attributes unlock new opportunities across a wide range of everyday battery‑powered endpoint applications, evidenced by broad adoption of WiseEye AI across diverse applications, including notebooks, tablet, smart door locks, surveillance systems, access control, smart retail and many others.

    On notebook, building on the success with Dell notebooks, WiseEye AI is expanding into additional use cases across other leading notebook brands, with some entering production later this year and expanding further into 2026. The growing adoption is further fueled by the rise of AI PCs, as WiseEye’s ultralow power, on-device inference capabilities align seamlessly with the industry’s shift toward more intelligent, context-aware, and energy-efficient computing. WiseEye’s advanced local inferencing technology enables real-time, high-precision user engagement detection by analyzing presence and motion, supporting a broad set of intelligent features, such as head pose estimation, gaze tracking, facial expression recognition, voice command, adaptive screen dimming, secure identity authentication and many others. These features enhance interactivity and user comfort without compromising battery life or system performance, making it fit for the demands of high performance and energy efficient next-generation AI PCs.

    WiseEye also continues to achieve significant market success across various sectors such as smart door lock where Himax introduced the world’s first smart door lock with 24/7 sentry monitoring and real-time event recording. Himax is now expanding globally by collaborating with a number of leading door lock makers worldwide to integrate a suite of innovative AI features, including palm vein biometric access, parcel recognition, and anti-pinch protection. Several of these value-added solutions are slated for mass production later this year. WiseEye also powers smart retail, exemplified by Himax’s collaboration with E Ink on e‑Signage. Its always‑on AI detects viewer attributes, such as gender, appearance, and age, followed by real-time personalized ads and nearby product recommendations, creating immersive engagement that elevates the in‑store shopping experience.

    For an update on Himax’s WiseEye module business. Equipped with pre-trained no-code or low-code AI, WiseEye modules simplify AI integration and support diverse use cases, including human presence detection, gender and age recognition, gesture recognition, face mesh, voice commands, thermal image sensing, palm vein authentication, and people flow management. Among them, the Himax PalmVein module has generated strong engagement across several industries. Multiple design wins have been secured, with mass production underway by global customers for smart access, workforce management and smart door lock, as Himax continues to explore additional application opportunities. Meanwhile, to meet growing demand for flexible access control in varied settings, the upgraded WiseEye PalmVein suite now combines palm‑vein recognition and facial recognition with peephole‑camera input, underpinned by an advanced liveness check for high‑precision, multi‑modal authentication. This upgraded PalmVein module not only enhances security by offering multiple layers of biometric verification but also ensures adaptability across a wide range of environments. These attributes make it particularly appealing to global brands looking to differentiate their products with enhanced security, greater user convenience, and flexible customization. Himax  anticipates increasing sales contribution from WiseEye PalmVein across a diverse array of applications starting next year and are excited about its long-term growth potential. Looking ahead, WiseEye is poised to scale rapidly across the broader AIoT market and emerge as a key growth driver for Himax in the years ahead.

    Separately, Himax is bringing intelligent, ultralow power, always‑on AI sensing to AR glasses. Powered by real‑time, context‑aware AI running at single‑digit‑milliwatt, WiseEye uniquely delivers the two essentials for AR devices: instant responsiveness and all‑day battery life. These advantages have already led to WiseEye AI being adopted by a leading AR glasses platform, with ongoing engineering engagements involving several other prominent global AR tech names for their upcoming AR glasses. WiseEye supports always-on outward sensing, enabling AR glasses to detect and analyze the surrounding environment in real time. This empowers instant response and key functionality such as object recognition, navigation assistance, translation, and environmental mapping, greatly enhancing the overall AR experience. WiseEye also enables precise inward sensing, detecting subtle eye movements, gaze direction, pupil size, and blinking, providing critical data for more intuitive and natural user interactions in AR applications.

    Wafer Level Optics (WLO)

    In June 2024, Himax, in partnership with FOCI, a world leader in silicon photonics connectors, unveiled a state-of-the-art silicon photonics packaging technology, a critical technology to enable co-packaged optics (CPO) technology. This innovation of CPO integrates silicon photonic chips and optical connectors within multi-chip modules (MCM), replacing traditional metal wire transmission with high-speed optical communication. The technology significantly enhances bandwidth, boosts data transmission rates, reduces signal loss and latency, lowers power consumption, and significantly minimizes the size and cost of MCM.

    Currently, sample shipments of Company’s first-generation silicon photonics packaging solution for engineering validation and trial production are proceeding as planned, with volumes set to increase in the coming quarters. In addition, Himax continues to advance its technology roadmap in close collaboration with FOCI, top-tier AI companies, and foundry partner through the joint development of future-generation CPO solutions to meet the escalating bandwidth requirements driven by AI and HPC applications.

    Himax is pleased to see its partner, FOCI, achieving significant advancements in silicon photonics packaging, with notable improvements in automated production and testing. Together, Himax and FOCI are actively progressing in process validation and yield optimization to enable full-scale production for leading AI customers. Himax is exceptionally positioned to capitalize on future growth opportunities in high-performance computing, AI inference, and data center markets.

    Alongside the CPO progress, certain global technology leaders are now engaging Himax’s WLO expertise to develop next‑generation waveguides for AR glasses, a testament to the market’s growing confidence in Company’s WLO technology.

    With strong growth opportunities from CPO and AR glasses in the making, Himax is as optimistic as ever that its WLO business can emerge as a significant revenue and profit engine in the years ahead.

    LCoS

    On Himax’s latest advancement in LCoS microdisplay technology. At Display Week 2025 next week in San Jose, Himax will debut its ultra-luminous, miniature Dual-Edge Front-lit LCoS microdisplay. This industry-leading solution integrates both the illumination optics and LCoS panel into an exceptionally compact form factor, as small as 0.09 c.c., and weighing only 0.2 grams, while targeting up to 350,000 nits brightness and 1 lumen output at just 250mW maximum total power consumption, demonstrating unparalleled optical efficiency. The luminance breakthrough ensures excellent eye-level visibility even in bright ambient conditions, while its compact form factor enables the development of sleek, everyday AR glasses. With industry-leading compact form factor, superior brightness and power efficiency, it is ideally suited for next-generation AR glasses and head-mounted displays where space, weight, and thermal constraints are critical. Growing collaborations with leading global tech companies are underway. Himax is confident that its technological advancements will help revitalize the AR glasses market, drive its expansion, and unlock new possibilities for immersive visual experiences.

    Second Quarter 2025 Guidance  
    Net Revenue: Decline 5.0% to Increase 3.0% QoQ
    Gross Margin: Around 31.0%, depending on final product mix
    Profit: 8.5 cents to 11.5 cents per diluted ADS
       

     

    HIMAX TECHNOLOGIES FIRST QUARTER 2025 EARNINGS CONFERENCE CALL 
    DATE: Thursday, May 8, 2025
    TIME: U.S.       8:00 a.m. EDT
      Taiwan  8:00 p.m.
       
    Live Webcast (Video and Audio): http://www.zucast.com/webcast/tUOBrqcV
    Toll Free Dial-in Number (Audio Only): Hong Kong 2112-1444
      Taiwan 0080-119-6666
      Australia 1-800-015-763
      Canada 1-877-252-8508
      China (1) 4008-423-888
      China (2) 4006-786-286
      Singapore 800-492-2072
      UK 0800-068-8186
      United States (1) 1-800-811-0860
      United States (2) 1-866-212-5567
    Dial-in Number (Audio Only):  
      Taiwan Domestic Access 02-3396-1191
      International Access +886-2-3396-1191
    Participant PIN Code: 3300508 #  

    If you choose to attend the call by dialing in via phone, please enter the Participant PIN Code 3300508 # after the call is connected. A replay of the webcast will be available beginning two hours after the call on www.himax.com.tw. This webcast can be accessed by clicking on this link or Himax’s website, where it will remain available until May 8, 2026.

    About Himax Technologies, Inc.
    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,603 patents granted and 389 patents pending approval worldwide as of March 31, 2025.

    http://www.himax.com.tw

    Forward Looking Statements
    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.

    Company Contacts:
      
    Karen Tiao, Head of IR/PR
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us
    www.mzgroup.us

    -Financial Tables-

    Himax Technologies, Inc.
    Unaudited Condensed Consolidated Statements of Profit or Loss
    (These interim financials do not fully comply with IFRS because they omit all interim disclosure required by IFRS)
    (Amounts in Thousands of U.S. Dollars, Except Share and Per Share Data)
     
      Three Months
    Ended March 31,    		   3 Months
    Ended
    December 31,
       2025    2024   2024
               
    Revenues          
    Revenues from third parties, net $ 215,095     $         207,544     $ 237,182  
    Revenues from related parties, net           38               6               41  
                215,133               207,550               237,223  
               
    Costs and expenses:          
    Cost of revenues           149,581               146,805               164,963  
    Research and development           34,987               39,664               37,584  
    General and administrative           5,557               5,890               5,711  
    Sales and marketing           5,202               5,162               5,886  
    Total costs and expenses           195,327               197,521               214,144  
               
    Operating income           19,806               10,029               23,079  
               
    Non operating income (loss):          
    Interest income           2,312               2,524               2,042  
    Changes in fair value of financial assets at fair value through profit or loss           (17 )             (7 )             1,245  
    Foreign currency exchange gains, net           345               941               690  
    Finance costs           (903 )             (1,018 )             (964 )
    Share of losses of associates           (742 )             (221 )             (360 )
    Other gains           3,205               –               –  
    Other income           17               29               60  
                4,217               2,248               2,713  
    Profit before income taxes           24,023               12,277               25,792  
    Income tax expense           3,841               –               761  
    Profit for the period           20,182               12,277               25,031  
    Loss (profit) attributable to noncontrolling interests           (195 )             221               (423 )
    Profit attributable to Himax Technologies, Inc. stockholders $         19,987     $         12,498     $         24,608  
               
    Basic earnings per ADS attributable to Himax Technologies, Inc. stockholders $         0.114     $         0.072     $         0.141  
    Diluted earnings per ADS attributable to Himax Technologies, Inc. stockholders $         0.114     $         0.071     $         0.140  
               
    Basic Weighted Average Outstanding ADS           174,913               174,724               175,008  
    Diluted Weighted Average Outstanding ADS           175,072               175,026               175,146  
                           
    Himax Technologies, Inc.
    IFRS Unaudited Condensed Consolidated Statements of Financial Position
    (Amounts in Thousands of U.S. Dollars)
     
      March 31,
    2025    		   March 31,
    2024    		   December 31,
    2024
    Assets          
    Current assets:          
    Cash and cash equivalents $         275,445     $         261,702     $         218,148  
    Financial assets at amortized cost           2,286               14,334               4,286  
    Financial assets at fair value through profit or loss           3,253               1,380               2,140  
    Accounts receivable, net (including related parties)           217,549               212,326               236,813  
    Inventories           129,867               201,872               158,746  
    Income taxes receivable           717               1,003               726  
    Restricted deposit           503,700               453,000               503,700  
    Other receivable from related parties           11               136               13  
    Other current assets           37,760               60,051               43,471  
    Total current assets           1,170,588               1,205,804               1,168,043  
    Financial assets at fair value through profit or loss           23,524               21,635               23,554  
    Financial assets at fair value through other
    comprehensive income    		           29,985               1,889               28,226  
    Equity method investments           8,061               3,173               8,571  
    Property, plant and equipment, net           120,538               128,938               121,280  
    Deferred tax assets           20,872               10,440               21,193  
    Goodwill           28,138               28,138               28,138  
    Other intangible assets, net           619               851               636  
    Restricted deposit           30               31               31  
    Refundable deposits           215,271               221,886               221,824  
    Other non-current assets           17,854               20,728               18,025  
                464,892               437,709               471,478  
    Total assets $         1,635,480     $ 1,643,513     $         1,639,521  
    Liabilities and Equity          
    Current liabilities:          
    Short-term unsecured borrowings $         602     $         –     $         –  
    Current portion of long-term unsecured borrowings           6,000               6,000               6,000  
    Short-term secured borrowings           503,700               453,000               503,700  
    Accounts payable (including related parties)           105,610               117,234               113,203  
    Income taxes payable           12,785               11,071               9,514  
    Other payable to related parties           –               92               –  
    Contract liabilities-current           5,176               14,739               10,622  
    Other current liabilities           50,443               116,558               63,595  
    Total current liabilities           684,316               718,694               706,634  
    Long-term unsecured borrowings           27,000               33,000               28,500  
    Deferred tax liabilities           557               499               564  
    Other non-current liabilities           7,489               14,823               7,496  
                35,046               48,322               36,560  
    Total liabilities           719,362               767,016               743,194  
    Equity          
    Ordinary shares           107,010               107,010               107,010  
    Additional paid-in capital           115,722               114,982               115,376  
    Treasury shares           (5,546 )             (5,157 )             (5,546 )
    Accumulated other comprehensive income           7,874               (94 )             8,621  
    Retained earnings           684,587               653,007               664,600  
    Equity attributable to owners of Himax Technologies, Inc.           909,647               869,748               890,061  
    Noncontrolling interests           6,471               6,749               6,266  
    Total equity           916,118               876,497               896,327  
    Total liabilities and equity $         1,635,480     $ 1,643,513     $         1,639,521  
                           
    Himax Technologies, Inc.
    Unaudited Condensed Consolidated Statements of Cash Flows
    (Amounts in Thousands of U.S. Dollars)
        Three Months
    Ended March 31,    		   Three Months Ended
    December 31,
         2025     2024     2024
                 
    Cash flows from operating activities:            
    Profit for the period   $         20,182     $         12,277     $         25,031  
    Adjustments for:            
    Depreciation and amortization             5,156               5,471               5,564  
    Share-based compensation expenses             100               358               103  
    Losses (gains) on disposals of property, plant and equipment, net             (3,205 )             –               4  
    Changes in fair value of financial assets at fair value through profit or loss             17               7               (1,245 )
    Interest income             (2,312 )             (2,524 )             (2,042 )
    Finance costs             903               1,018               964  
    Income tax expense             3,841               –               761  
    Share of losses of associates             742               221               360  
    Inventories write downs             4,444               4,353               4,037  
    Unrealized foreign currency exchange losses (gains)             441               (868 )             (159 )
                  30,309               20,313               33,378  
    Changes in:            
    Accounts receivable (including related parties)             13,083               15,704               (27,302 )
    Inventories             24,435               11,083               29,675  
    Other receivable from related parties             2               (67 )             9  
    Other current assets             (978 )             2,298               2,502  
    Accounts payable (including related parties)             (7,250 )             13,202               (7,706 )
    Other payable to related parties             –               (20 )             1  
    Contract liabilities             735               1,192               6  
    Other current liabilities             (3,763 )             (7,780 )             2,508  
    Other non-current liabilities             71               514               71  
    Cash generated from operating activities             56,644               56,439               33,142  
    Interest received             438               854               3,513  
    Interest paid             (835 )             (936 )             (1,047 )
    Income tax paid             (200 )             391               (191 )
    Net cash provided by operating activities             56,047               56,748               35,417  
                 
    Cash flows from investing activities:            
    Acquisitions of property, plant and equipment             (5,221 )             (2,699 )             (3,222 )
    Acquisitions of intangible assets             (52 )             (118 )             –  
    Acquisitions of financial assets at amortized cost             –               (2,439 )             (2,286 )
    Proceeds from disposal of financial assets at amortized cost             2,000               500               10,289  
    Acquisitions of financial assets at fair value through profit or loss             (6,160 )             (7,488 )             (6,807 )
    Proceeds from disposal of financial assets at fair value through profit or loss             5,017               8,163               3,722  
    Acquisitions of financial assets at fair value through other comprehensive income             (2,500 )             –               –  
    Acquisition of a subsidiary, net of cash paid             –               –               (5,416 )
    Proceeds from capital reduction of investment             –               –               338  
    Acquisitions of equity method investment             –               –               (1,236 )
    Decrease (increase) in refundable deposits             10,283               22,217               (8 )
    Net cash provided by (used in) investing activities             3,367               18,136               (4,626 )
                 
    Cash flows from financing activities:            
    Purchase of treasury shares             –               –               (832 )
    Prepayments for purchase of treasury shares             –               –               (2,168 )
    Proceeds from issuance of new shares by subsidiaries             –               71               –  
    Proceeds from short-term unsecured borrowings             612               –               –  
    Repayments of long-term unsecured borrowings             (1,500 )             (1,500 )             (1,500 )
    Proceeds from short-term secured borrowings             484,300               447,100               461,400  
    Repayments of short-term secured borrowings             (484,300 )             (447,100 )             (461,400 )
    Payment of lease liabilities             (1,448 )             (1,148 )             (1,340 )
    Guarantee deposits received (refunded)             –               (1,868 )             219  
    Net cash used in financing activities             (2,336 )             (4,445 )             (5,621 )
    Effect of foreign currency exchange rate changes on cash and cash equivalents             219               (486 )             (1,161 )
    Net increase in cash and cash equivalents             57,297               69,953               24,009  
    Cash and cash equivalents at beginning of period             218,148               191,749               194,139  
    Cash and cash equivalents at end of period   $         275,445     $         261,702     $         218,148  
                 

    The MIL Network –

  • MIL-OSI Asia-Pac: Tender for re-opening of 15-year HKD HKSAR Institutional Government Bonds to be held on May 14

    Source: Hong Kong Government special administrative region

    Tender for re-opening of 15-year HKD HKSAR Institutional Government Bonds to be held on May 14 
    An additional amount of HK$0.5 billion of the outstanding 15-year Bonds (issue no. 15GB3912001) will be on offer. The Bonds will mature on December 5, 2039 and will carry interest at the rate of 3.75 per cent per annum payable semi-annually in arrear. The Indicative Pricings of the Bonds on May 8, 2025 are 104.23 with an annualised yield of 3.409 per cent.
     
    Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk 
    Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg (GBHK ) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.
     
    HKSAR Institutional Government Bonds Tender Information 

    Categories

    MIL-OSI

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    Issue Number9.30am to 10.30amThe accrued interest to be paid by successful bidders on the issue date (May 15, 2025) for the tender amount is 827.05 per minimum denomination of HK$50,000.
    (The accrued interest to be paid for tender amount exceeding HK$50,000 may not be exactly equal to the figures calculated from the accrued interest per minimum denomination of HK$50,000 due to rounding).
     the Stock Exchange
    of Hong Kong LimitedIssued at HKT 18:50

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    MIL OSI Asia Pacific News –

  • MIL-OSI: Leiðrétting: Lánasjóður sveitarfélaga – Útboð LSS 39 0303 og LSS151155

    Source: GlobeNewswire (MIL-OSI)

    Lánasjóður sveitarfélaga hefur ákveðið að efna til útboðs á skuldabréfaflokkunum LSS 39 0303 og LSS151155 mánudaginn 12. maí 2025. Lánasjóðurinn stefnir að því að taka tilboðum að fjárhæð 500 til 1.500 milljónir króna að nafnvirði í skuldabréfaflokknum LSS151155 og að fjárhæð 500 til 1.500 milljónir króna að nafnvirði í skuldabréfaflokknum LSS 39 0303. Lánasjóðurinn áskilur sér rétt til að hækka og lækka útboðsfjárhæð útboðsins, taka hvaða tilboði sem er eða hafna þeim öllum. Lánasjóðurinn hefur boðið aðalmiðlurum sjóðsins Arion banka, Íslandsbanka, Kviku banka, Landsbankanum og Fossum fjárfestingabanka að taka þátt í útboðinu. 

    Óskað er eftir tilboðum í samræmi við eftirfarandi lýsingu:

    Fyrirkomulag: “Hollensk” uppboðsaðferð þar sem allir tilboðsgjafar fá sömu ávöxtunarkröfu og hæst er tekið. Heimilt er að afturkalla eða breyta tilboði með sama hætti og tilboðum er skilað inn, sé það gert fyrir lok útboðsfrests.

    Tilboð: Í tilboði skal taka fram ávöxtunarkröfu án þóknunar og tilboðsfjárhæð.  

    Að öðru leyti er vísað til skilmála skuldabréfanna á heimasíðu Lánasjóðs sveitarfélaga

    Tilboð skulu berast fyrir kl. 16:00, mánudaginn 12. maí 2025 til Lánasjóðs sveitarfélaga á netfangið utbod@lanasjodur.is

    Öllum tilboðum verður svarað fyrir kl. 17:00 á útboðsdegi. Uppgjör sölu fer fram fimmtudaginn 15. maí 2025.

    Nánari upplýsingar veitir Óttar Guðjónsson, framkvæmdastjóri, ottar@lanasjodur.is / s. 515 4949

    The MIL Network –

  • MIL-OSI China: Philippines should stop offending China’s core interests in any form: Defense Spokesperson 2025-05-08 17:58:59 “We sternly warn the Philippine side to cease its infringements and provocations, and stop offending China’s core interests in any form,” said Chinese defense spokesperson Zhang Xiaogang at a press brief on Thursday.

    Source: People’s Republic of China – Ministry of National Defense

      BEIJING, May 8 –“We sternly warn the Philippine side to cease its infringements and provocations,  and stop offending China’s core interests in any form,” said Chinese defense spokesperson Zhang Xiaogang at a press brief on Thursday.

      It is reported that during the Philippines-US “Balikatan” exercise, the Chinese aircraft carrier Shandong appeared in the waters to the north of the Philippines. Some analysts believe this might be a response to the Philippines-US military exercise, or to the Philippine patrol vessel’s entering into the waters near Huangyan Dao. Furthermore, the Philippine Navy spokesperson claimed that the Philippine military and the troops in Taiwan are only one step away from holding joint exercise.

      In response to a related query, Snr. Col. Zhang Xiaogang said that the Shandong aircraft carrier task group was conducting its annual training mission in relevant waters to further test and enhance the integrated combat capabilities of the carrier task group. It is in accordance with international law and common practice, and is not directed at any specific country or target.

      The spokesperson pointed out that certain individuals in the Philippines are colluding with external forces, such as the US, to “stir up the sea” for selfish gains, undermining peace and stability in the South China Sea region. They even attempt to play with fire on the Taiwan question.

      “We sternly warn the Philippine side to cease its infringements and provocations, and stop offending China’s core interests in any form. China will continue to take resolute and forceful measures to defend its territorial sovereignty and maritime rights and interests,” said Snr. Col. Zhang Xiaogang.

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    MIL OSI China News –

  • MIL-OSI China: Xi says China, Russia to shoulder special responsibility as major countries 2025-05-08 18:37:20 China will work with Russia to shoulder the special responsibility as major countries of the world and permanent members of the UN Security Council, Chinese President Xi Jinping said here Thursday.

    Source: People’s Republic of China – Ministry of National Defense

      MOSCOW, May 8 (Xinhua) — China will work with Russia to shoulder the special responsibility as major countries of the world and permanent members of the UN Security Council, Chinese President Xi Jinping said here Thursday.

      Xi made the remarks while holding talks with Russian President Vladimir Putin during his state visit to Russia.

      At present, in the face of the countercurrent of unilateralism and the act of power politics and bullying in the world, the two sides should take a clear stand to jointly promote the correct historical perspective on World War II, safeguard the authority and status of the United Nations, resolutely defend the rights and interests of China, Russia and the vast number of developing countries, and promote an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization, Xi said.

      Noting that he was glad to visit Russia again at the invitation of Putin and attend the celebrations marking the 80th anniversary of the Victory in the Soviet Union’s Great Patriotic War, Xi said that history and reality have fully proved that continuing to develop and deepen China-Russia relations is integral to carrying forward the friendship between the two peoples from generation to generation.

      It is an inevitable choice for both sides to achieve mutual success and promote their own development and revitalization, Xi said, adding that it is also the call of the times for safeguarding international fairness and justice and promoting the reform of the global governance system.

      Noting that this year marks the 80th anniversary of the victories of the Chinese People’s War of Resistance against Japanese Aggression, the Soviet Union’s Great Patriotic War and the World Anti-Fascist War, Xi said that 80 years ago, peoples of China and Russia made tremendous sacrifices and won great victories, making remarkable historic contributions to maintaining world peace and the cause of human progress. 

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    MIL OSI China News –

  • MIL-OSI Russia: Breaking News: China-Russia Relations Maintain Steady, Healthy, and Upward Momentum Thanks to Joint Efforts – Xi Jinping

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Xinhua | 08. 05. 2025

    Keywords: Xi Jinping, efforts, maintain, Chairman of the People’s Republic of China, Russian relations, upward momentum, Chinese, healthy, urgently, within its own, distinctive features, time of negotiations, mutually beneficial cooperation, Thursday, parties, did

    MOSCOW, May 8 (Xinhua) — Chinese President Xi Jinping said here on Thursday that China-Russia relations have maintained a stable, healthy and upward momentum thanks to the joint efforts of both sides.

    He also noted the constant good-neighborliness, friendship and mutually beneficial cooperation as the distinctive features of bilateral relations.

    Xi Jinping made the statement during talks with Russian President Vladimir Putin as part of his state visit to Russia. –0–

    Source: Xinhua

    Breaking News: China-Russia Relations Maintain Steady, Healthy, and Upward Momentum Through Joint Efforts — Xi Jinping Breaking News: China-Russia Relations Maintain Steady, Healthy, and Upward Momentum Through Joint Efforts — Xi Jinping

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Hong Kong hosts first 6G Global Summit in Asia-Pacific region to explore future of next-generation communications (with photos)

    Source: Hong Kong Government special administrative region

    Hong Kong hosts first 6G Global Summit in Asia-Pacific region to explore future of next-generation communications  
    With the support of the Hong Kong Special Administrative Region Government, the Communications Authority (CA), which is the statutory regulator for the telecommunications industry, is hosting the Summit in a hybrid format today and tomorrow (May 9). The prominent international conference attracted over 600 participants from more than 80 countries, including high-level representatives from policymakers, regulatory bodies, international organisations, telecommunications operators and corporations, as well as industry experts and scholars.
     
    In his keynote speech at the Summit, the Secretary for Commerce and Economic Development, Mr Algernon Yau, said that Hong Kong’s hosting of the Summit not only reflects the city’s long-standing stature as a global and regional telecommunications hub, but also underscores the Government’s commitment to driving innovation and fostering collaboration in this transformative field.
     
    Mr Yau highlighted Hong Kong’s highly acclaimed position in leading the development of 6G, with the city’s telecommunications market being one of the most advanced and dynamic in the world and having a proven track record of embracing innovation and driving connectivity. He also shared with the audience Hong Kong’s various achievements in telecommunications, which showcase the city’s readiness to embrace the future of telecommunications.
     
    Mr Yau stressed that the Government is fully committed to fostering a conducive environment that drives technological advancement and prepares Hong Kong for the 6G era. These include releasing suitable spectrum through auctions to support the development of advanced mobile communication services, exploring further facilitation measures from telecommunications perspectives to support the development of the low-altitude economy, and conducting a review on streamlining the licensing procedures of Low Earth Orbit satellites to enhance Hong Kong’s competitiveness in satellite development.
     
    Addressing the opening ceremony this morning, the Director-General of Communications, Mr Chaucer Leung, said that the first set of technical standards for 6G is expected to be finalised in 2029 so that commercial service can be introduced in 2030, adding that the Summit serves as an opportunity for the participants to delve into various key aspects of 6G and have better preparation for it.
     
    Delivering his keynote speech in the afternoon session, the Chairman of the CA, Mr Jenkin Suen, outlined the roles and functions of the CA, and emphasised Hong Kong’s unique role as the gateway between Mainland China and the rest of the world. “Being a telecommunications hub in the Asia-Pacific region and a gateway to Mainland China, Hong Kong is an ideal place for exploring, developing and deploying the new generation of mobile technology,” Mr Suen said.
     
    Over the two days, the Summit will feature discussions on the key priorities shaping 6G developments, including standardisation, technological innovations, sustainability and potential applications, as well as the strategic role of the Asia-Pacific region and the opportunities presented by a more connected and intelligent global network. In addition to the main programme, the Summit also includes a networking reception hosted by the Communications Association of Hong Kong. Details of the Summit are available at www.global6gsummit.com 
    First held as a virtual conference in 2022 by Forum Global, the Summit has entered its fourth edition this year. The previous two editions were held in Bahrain in 2023 and the United Kingdom in 2024.
    Issued at HKT 17:42

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Singapore ETO enhances ties with Laos (with photos)

    Source: Hong Kong Government special administrative region

         The Hong Kong Economic and Trade Office in Singapore (Singapore ETO) concluded an official visit to Vientiane, the capital of Laos, between May 6 and 7 (Vientiane time). The visit aimed to deepen understanding and collaboration with the Laotian government and business sectors, while further strengthening bilateral relations in trade, investment, and people-to-people exchanges.

         Upon arrival on May 6, the Director of the Singapore ETO, Mr Owin Fung, met with the Director-General of the Department of Asia-Pacific and Africa, Laos’ Ministry of Foreign Affairs, Mr Bounthanongsack Chanthalath, to introduce Hong Kong’s latest developments. Both sides exchanged views on the current economic and geopolitical landscape, and explored opportunities to further enhance co-operation and deepen the Hong Kong – Laos bilateral relations.

         Members of the Singapore ETO also visited Vientiane Secondary School to learn about the implementation of a memorandum of understanding (MOU) signed between the school and the Hong Kong Polytechnic University. The MOU, announced by the Chief Executive, Mr John Lee, last July during his visit to the school, offers a dedicated scholarship programme for outstanding students at Vientiane Secondary School.

         On May 7, the Singapore ETO organised a business seminar and networking event “Business and Investment Opportunities in Hong Kong – Gateway to Greater Bay Area” in collaboration with Invest Hong Kong (InvestHK) and the Hong Kong Trade Development Council (HKTDC). The event attracted about 70 local business leaders and investors, including executive committee members of the Lao National Chamber of Commerce and Industry (LNCCI) and the Lao Chinese Chamber of Commerce (LCCC), which were the event’s supporting organisations. The Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area, Ms Maisie Chan, also participated in the event. 

         In his opening remarks, Mr Fung emphasised Hong Kong’s position as a leading international financial, trading, and logistics hub under the “one country, two systems” framework. He reiterated Hong Kong’s strong commitment to multilateralism and free trade.

         Other speakers included Assistant Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area Miss Cathy Li; the Head of Investment Promotion (Singapore Office), InvestHK, Mr Melvin Lee; and the Director of Indochina at the HKTDC, Ms Tina Phan. They shared insights into Hong Kong’s latest investment climate and opportunities in Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), Hong Kong’s role as a “super-connector” and a “super value-adder” between the GBA and Laos, as well as the range of support services available to Laotian enterprises. Following the seminar, representatives of Singapore ETO, the GBA Development Office, the LNCCI and the LCCC had a networking lunch to explore avenues for stronger co-operation in trade and commerce.

         Later that afternoon, Ms Chan and Mr Fung had a working meeting with the Permanent Secretary, Laos Ministry of Industry and Commerce, Dr Buavanh Vilavong. Both sides expressed confidence in the partnership between Hong Kong and Laos business communities which would promote greater regional integration and sustainable economic growth. Mr Fung also sought continued support for Hong Kong’s accession to the Regional Comprehensive Economic Partnership. 

         Before the end of the duty visit, Ms Chan and Mr Fung paid a courtesy call on the Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Lao People’s Democratic Republic, Ms Fang Hong, to introduce respectively the GBA Development Office’s latest work and Singapore ETO’s efforts and achievements in liaising with the Laos government, business sector and community. Mr Fung also thanked the Embassy for its continuous care and assistance to Hong Kong people in Laos and Hong Kong enterprises investing in Laos.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Samsung TV Plus To Exclusively Live Stream SMTOWN LIVE 2025 in L.A. Globally on New SMTOWN Channel

    Source: Samsung

     
    Samsung Electronics today announced that Samsung TV Plus, its free ad-supported streaming (FAST) service, will serve as the exclusive global livestream platform for SMTOWN LIVE 2025 in L.A., the landmark K-pop concert commemorating the 30th anniversary of SM Entertainment. The live broadcast will air on May 11, from Dignity Health Sports Park in Los Angeles, to audiences across 18 countries via Samsung TV Plus.
     
    This milestone collaboration with SM Entertainment — the powerhouse behind K-pop’s global rise — marks a significant moment for Samsung TV Plus as it continues to redefine how fans worldwide experience Korean content.
     
    “Through our partnership with SM Entertainment, we’re leveraging Samsung TV Plus’s technology to bring the richness of K-Content to more viewers than ever before,” said Yong Su Kim, Executive Vice President of the Visual Display Business at Samsung Electronics. “This global event marks a significant moment for K-Pop fans everywhere and we’re proud to broaden access to premium Korean content for audiences around the world.”
     
     
    Unprecedented Global Access to K-pop’s Biggest Stage
    SMTOWN LIVE 2025 in L.A. will feature a star-studded lineup of SM Entertainment’s leading artists, including TVXQ!, SUPER JUNIOR, SHINee (KEY, MINHO), EXO (SUHO, CHANYEOL, KAI), Red Velvet (IRENE, SEULGI, JOY), NCT 127, NCT DREAM, WayV, aespa, RIIZE, NCT WISH, Hearts2Hearts, SMTR25, and much more.
     
    In addition to beloved fan-favorite tracks, Samsung TV Plus will exclusively showcase live performances, including:
     
    The first US stage of “poppop” by NCT WISH, following their recent music show win
    The live performance of “Wait On Me” by EXO’s KAI, a chart-topping track that reached No.1 on iTunes in 30 regions and topped China’s QQ Music digital album chart
     
    These moments will be available only on Samsung TV Plus, providing fans in select countries with exclusive front-row access.
     
     
    Dedicated SMTOWN Channel Enhances the K-pop Viewing Experience
    To further elevate fan engagement, Samsung TV Plus has launched a dedicated SMTOWN Channel that offers:
     
    Full concert replays of SMTOWN LIVE 2025 in L.A.
    Music videos and curated content highlighting SM artists and the legacy of SM Entertainment
     
    The SMTOWN LIVE 2025 in L.A. replay will be available exclusively on Samsung TV Plus in select countries for a six-month period, further reinforcing the platform’s role as a premier global destination for K-pop content.
     
     
    A Growing Hub for Global K-Content
    Samsung TV Plus continues to grow as a global destination for Korean entertainment, offering over 4,000 hours of free-to-stream dramas, thrillers, romance, crime series, and music programming. Available on more than 630 million Samsung devices across 30 countries, the platform provides a seamless, ad-supported viewing experience to millions of users — no subscriptions or logins required.
     
    With the SMTOWN LIVE 2025 in L.A. partnership, Samsung TV Plus solidifies its leadership in global K-content distribution — expanding access, deepening fan connections, and bringing iconic Korean entertainment into more homes around the world.
     
    For more information on how to watch SMTOWN LIVE 2025 in L.A. and explore the full Samsung TV Plus offering, visit www.samsung.com.

    MIL OSI Economics –

  • MIL-OSI China: Xi urges China, Russia to safeguard UN authority, defend interests of developing countries

    Source: People’s Republic of China – State Council News

    Chinese President Xi Jinping said Thursday that China is ready to work with Russia to safeguard the authority and status of the United Nations, and resolutely defend the rights and interests of the two nations as well as those of developing countries in face of unilateralism and bullying.

    In talks with Russian President Vladimir Putin, Xi also said that the Chinese side will work with Russia to shoulder the special responsibility as two major countries of the world and permanent members of the UN Security Council.

    He urged the two countries to jointly promote the correct historical perspective on World War II, and promote an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization.

    Xi arrived in Moscow on Wednesday to pay a state visit to Russia and attend the celebrations marking the 80th anniversary of the victory in the Soviet Union’s Great Patriotic War.

    MIL OSI China News –

  • MIL-OSI China: China Coast Guard expels Japanese fishing vessel illegally entering waters of China’s Diaoyu Dao 2025-05-08 17:18:26 China Coast Guard expelled a Japanese fishing vessel illegally entered the territorial waters of China’s Diaoyu Dao, said Liu Dejun, spokesman for the China Coast Guard on Thursday.

    Source: People’s Republic of China – Ministry of National Defense

      BEIJING, May 8 — A Japanese fishing vessel illegally entered the territorial waters of China’s Diaoyu Dao between May 7 and May 8. China Coast Guard (CCG) vessels took necessary control measures in accordance with the law, issued warnings and drove it away, said Liu Dejun, spokesman for the China Coast Guard, in a written statement released on Thursday.

      “The Diaoyu Dao and its affiliated islets are China’s inherent territory. We urge the Japanese side to immediately cease all illegal activities in the relevant waters. The China Coast Guard will continue to conduct rights protection and law enforcement operations in the waters of Diaoyu Dao to firmly safeguard China’s territorial sovereignty and maritime rights and interests,” said the spokesperson.

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  • MIL-OSI China: Xi urges China, Russia to safeguard UN authority, defend interests of developing countries 2025-05-08 17:01:19 Chinese President Xi Jinping said here Thursday that China is ready to work with Russia to safeguard the authority and status of the United Nations, and resolutely defend the rights and interests of the two nations as well as those of developing countries in face of unilateralism and bullying.

    Source: People’s Republic of China – Ministry of National Defense

      MOSCOW, May 8 (Xinhua) — Chinese President Xi Jinping said here Thursday that China is ready to work with Russia to safeguard the authority and status of the United Nations, and resolutely defend the rights and interests of the two nations as well as those of developing countries in face of unilateralism and bullying.

      In talks with Russian President Vladimir Putin, Xi also said that the Chinese side will work with Russia to shoulder the special responsibility as two major countries of the world and permanent members of the UN Security Council.

      He urged the two countries to jointly promote the correct historical perspective on World War II, and promote an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization.

      Xi arrived in Moscow on Wednesday to pay a state visit to Russia and attend the celebrations marking the 80th anniversary of the victory in the Soviet Union’s Great Patriotic War. 

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  • MIL-OSI: ACM Research Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., May 08, 2025 (GLOBE NEWSWIRE) — ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today reported financial results for its first quarter ended March 31, 2025.

    “Our first quarter results mark a good start to 2025. We delivered 13% year-over-year revenue growth, solid profitability, and positive cash flow from operations,” said Dr. David Wang, President and Chief Executive Officer of ACM. “We achieved several strategic milestones: including the qualification of our high-temperature SPM tool by a leading logic customer in China, customer acceptance for our backside/bevel etch tool from a U.S. customer, and we received the 2025 3D InCites Technology Enablement Award for our proprietary Ultra ECP ap-p tool, which we believe is the world’s first to utilize horizontal plating for panel applications. These achievements highlight ACM’s technology leadership in both front-end processing and advanced packaging applications, which we believe will allow us to play a key role as the global industry demands innovation to advance the ever-evolving semiconductor requirements for AI.”

    “For 2025, we expect incremental revenue contribution from Tahoe, SPM, and furnace tools; and progress in customer evaluations of Track, PECVD, and panel-level packaging platforms. We believe ACM’s focused effort on developing world-class tools across our customer base will also support our efforts for additional major customer wins in global markets. We are also investing in our Oregon facility to serve as a base for customer evaluations, technology development and initial production for our global customers.”

      Three Months Ended March 31,
      GAAP   Non-GAAP(1)
      2025   2024   2025   2024
      (dollars in thousands, except EPS)
    Revenue $ 172,347     $ 152,191     $ 172,347     $ 152,191  
    Gross margin   47.9%       52.0%       48.2%       52.5%  
    Income from operations $ 25,777     $ 25,232     $ 35,594     $ 39,801  
    Net income attributable to ACM Research, Inc. $ 20,380     $ 17,433     $ 31,279     $ 34,597  
    Basic EPS $ 0.32     $ 0.28     $ 0.49     $ 0.56  
    Diluted EPS $ 0.30     $ 0.26     $ 0.46     $ 0.52  

    (1)   Reconciliations to U.S. generally accepted accounting principles (“GAAP”) financial measures from non-GAAP financial measures are presented below under “Reconciliation of GAAP to Non-GAAP Financial Measures.” Non-GAAP financial measures exclude stock-based compensation and, with respect to net income (loss) attributable to ACM Research, Inc. and basic and diluted earnings per share, also exclude unrealized gain (loss) on short-term investments.

    Outlook

    ACM is maintaining its revenue guidance range of $850 million to $950 million for fiscal year 2025. This expectation is based on ACM management’s current assessment of the continuing impact from international trade policy, together with various expected spending scenarios of key customers, supply chain constraints, and the timing of acceptances for first tools under evaluation in the field, among other factors.

    Operating Highlights and Recent Announcements

    • Shipments. Total shipments in the first quarter of 2025 were $157 million, compared to $245 million for the first quarter of 2024. This decrease is due in part to customer pull-ins in the fourth quarter of 2024, which contributed to stronger total shipments for that period. For reference, combined total shipments for the fourth quarter of 2024 and the first quarter of 2025 grew by 8.9% versus the prior year periods. We anticipate a return to year-on-year growth in total shipments for the second quarter of 2025. Total shipments include deliveries for revenue in the quarter and deliveries of first tool systems awaiting customer acceptance for potential revenue in future quarters.
    • Qualification of High-Temp SPM Tool in China. ACM’s single-wafer high-temperature SPM tool was qualified by a key logic device manufacturer in mainland China. Featuring a proprietary nozzle that reduces acid mist and maintenance needs, the tool enhances particle control and system uptime. It supports wet etching and wafer cleaning for technology nodes at 28nm and below. ACM has now delivered SPM tools to 13 customers.
    • Recognized for Innovation in High-Volume Fan-Out Panel-Level Packaging Solutions. ACM won the 2025 3D InCites Technology Enablement Award for its Ultra ECP ap-p tool, the first commercially available high-volume copper deposition system for the large panel market. This innovative system supports advanced panel sizes and delivers high uniformity through ACM’s proprietary horizontal plating approach, which we expect to help address integration challenges in advanced semiconductor packaging.
    • Appointment of New Board Member. ACM appointed Charlie Pappis to its Board of Directors, effective March 15, 2025.

    First Quarter 2025 Financial Summary

    Unless otherwise noted, the following figures refer to the first quarter of 2025 and comparisons are with the first quarter of 2024.

    • Revenue was $172.3 million, up 13.2%, reflecting higher sales of single wafer cleaning, Tahoe and semi-critical cleaning equipment and ECP (front-end and packaging), furnace and other technologies.
    • Gross margin was 47.9% versus 52.0%. Non-GAAP gross margin, which excludes stock-based compensation, was 48.2% versus 52.5%. Gross margin exceeded ACM’s previously disclosed long-term business model target range of 42% to 48%. ACM expects gross margin to vary from period to period due to a variety of factors, such as product mix, currency impacts and sales volume.
    • Operating expenses were $56.8 million, up 5.4%. Operating expenses as a percentage of revenue decreased to 32.9% from 35.4%. Non-GAAP operating expenses, which exclude the effect of stock-based compensation, were $47.5 million, up 18.4%. Non-GAAP operating expenses as a percentage of revenue increased to 27.6% from 26.3%.
    • Operating income was $25.8 million, up 2.2%. Operating margin was 15.0% compared to 16.6%. Non-GAAP operating income, which excludes the effect of stock-based compensation, was $35.6 million, a decrease of 10.6%. Non-GAAP operating margin, which excludes stock-based compensation, was 20.7% compared to 26.2%.
    • Unrealized loss on short-term investments was $1.1 million, compared to $2.6 million. Unrealized loss reflects the change in market value of the investments by ACM’s principal operating subsidiary, ACM Research (Shanghai), Inc. The value is marked-to-market quarterly and is excluded in the non-GAAP financial metrics.
    • Income tax expense was $2.2 million, compared to $4.4 million.
    • Net income attributable to ACM Research, Inc. was $20.4 million, compared to $17.4 million. Non-GAAP net income attributable to ACM Research, Inc., which excludes the effect of stock-based compensation and unrealized loss on short-term investments, was $31.3 million, compared to $34.6 million.
    • Net income per diluted share attributable to ACM Research, Inc. was $0.30, compared to $0.26. Non-GAAP net income per diluted share, which excludes the effect of stock-based compensation and unrealized loss on short-term investments, was $0.46, compared to $0.52.
    • Cash and cash equivalents, plus restricted cash and short-term and long-term time deposits were $498.4 million at March 31, 2025, compared to $441.9 million at December 31, 2024.

    Conference Call Details

    A conference call to discuss results will be held on Thursday, May 8, 2025, at 8:00 a.m. Eastern Time (8:00 p.m. China Time). To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering, each participant will receive email instructions to access the conference call, including dial-in information and a PIN number allowing access to the conference call. This pre-registration process is designed by the operator to reduce delays due to operator congestion when accessing the live call.

    Online Registration: https://register-conf.media-server.com/register/BI300a7bc629bd43d98fcb1268d481b156

    Participants who have not pre-registered may join the webcast by accessing the link at ir.acmr.com/news-events/events.

    A live and archived webcast will be available on the Investors section of the ACM website at www.acmr.com.

    Use of Non-GAAP Financial Measures

    ACM presents non-GAAP gross margin, operating expenses, operating income, net income attributable to ACM Research, Inc. and basic and diluted earnings per share as supplemental measures to GAAP financial measures regarding ACM’s operational performance. These supplemental measures exclude the impact of stock-based compensation, which ACM does not believe is indicative of its core operating results. In addition, non-GAAP net income attributable to ACM Research, Inc. and basic and diluted earnings per share exclude the effect of stock-based compensation and unrealized gain (loss) on short-term investments, which ACM also believes are not indicative of its core operating results. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure is provided below under “Reconciliation of GAAP to non-GAAP Financial Measures.”

    ACM believes these non-GAAP financial measures are useful to investors in assessing its operating performance. ACM uses these financial measures internally to evaluate its operating performance and for planning and forecasting of future periods. Financial analysts may focus on and publish both historical results and future projections based on the non-GAAP financial measures. ACM also believes it is in the best interests of investors for ACM to provide this non-GAAP information.

    While ACM believes these non-GAAP financial measures provide useful supplemental information to investors, there are limitations associated with the use of these non-GAAP financial measures. These non-GAAP financial measures may not be reported by competitors, and they may not be directly comparable to similarly titled measures of other companies due to differences in calculation methodologies. The non-GAAP financial measures are not an alternative to GAAP information and are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures. They should be used only as a supplement to GAAP information and should be considered only in conjunction with ACM’s consolidated financial statements prepared in accordance with GAAP.

    Forward-Looking Statements

    Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations and beliefs, and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

    About ACM Research, Inc.

    ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com.

    © ACM Research, Inc. ULTRA ECP ap and the ACM Research logo are trademarks of ACM Research, Inc. For convenience, these trademarks appear in this press release without ™ symbols, but that practice does not mean that ACM will not assert, to the fullest extent under applicable law, its rights to the trademarks.

    For investor and media inquiries, please contact:

    In the United States: The Blueshirt Group
      Steven C. Pelayo, CFA
      (360)808-5154
      steven@blueshirtgroup.co
       
    In China: The Blueshirt Group Asia
      Gary Dvorchak, CFA
      +86 (138) 1079-1480
      gary@blueshirtgroup.co
    ACM RESEARCH, INC.
    Condensed Consolidated Balance Sheets
     
      March 31, 2025   December 31, 2024
      (Unaudited)    
      (In thousands)
    Assets      
    Current assets:      
    Cash and cash equivalents $ 457,240     $ 407,445  
    Restricted cash   10,586       3,865  
    Short-term time deposits   17,202       17,277  
    Short-term investment   18,319       19,373  
    Accounts receivable, net   387,849       387,045  
    Other receivables   35,050       41,859  
    Inventories, net   609,567       597,984  
    Advances to related party   1,384       1,024  
    Prepaid expenses and other current assets   10,677       7,507  
    Total current assets   1,547,874       1,483,379  
    Property, plant and equipment, net   277,065       269,272  
    Operating lease right-of-use assets, net   17,747       14,038  
    Intangible assets, net   2,997       3,461  
    Long-term time deposits   13,393       13,275  
    Deferred tax assets   16,457       14,781  
    Long-term investments   54,814       37,063  
    Other long-term assets   3,421       20,452  
    Total assets $ 1,933,768     $ 1,855,721  
    Liabilities and Equity      
    Current liabilities:      
    Short-term borrowings $ 24,951     $ 32,814  
    Current portion of long-term borrowings   67,935       44,472  
    Related party accounts payable   19,285       16,133  
    Accounts payable   116,441       139,294  
    Advances from customers   241,456       243,949  
    Deferred revenue   10,781       8,537  
    Income taxes payable   6,168       12,779  
    FIN-48 payable   19,483       19,466  
    Other payables and accrued expenses   118,814       121,657  
    Current portion of operating lease liability   3,564       2,132  
    Total current liabilities   628,878       641,233  
    Long-term borrowings   134,540       105,525  
    Long-term operating lease liability   6,149       3,840  
    Other long-term liabilities   8,848       9,217  
    Total liabilities   778,415       759,815  
    Commitments and contingencies      
    Equity:      
    Stockholders’ equity:      
    Class A Common stock   6       6  
    Class B Common stock   1       1  
    Additional paid-in capital   700,191       677,476  
    Retained earnings   280,380       260,000  
    Statutory surplus reserve   30,514       30,514  
    Accumulated other comprehensive loss   (61,946 )     (63,372 )
    Total ACM Research, Inc. stockholders’ equity   949,146       904,625  
    Non-controlling interests   206,207       191,281  
    Total equity   1,155,353       1,095,906  
    Total liabilities and equity $ 1,933,768     $ 1,855,721  
    ACM RESEARCH, INC.
    Condensed Consolidated Statements of Operations and Comprehensive Income
     
      Three Months Ended March 31,
      2025   2024
      (Unaudited)
    		        
      (In thousands, except share and per share data)
    Revenue $ 172,347     $ 152,191  
    Cost of revenue   89,797       73,070  
    Gross profit   82,550       79,121  
    Operating expenses:      
    Sales and marketing   16,343       14,173  
    Research and development   27,503       23,918  
    General and administrative   12,927       15,798  
    Total operating expenses   56,773       53,889  
    Income from operations   25,777       25,232  
    Interest income   3,339       1,774  
    Interest expense   (1,558 )     (783 )
    Realized gain from sale of short-term investments   –       273  
    Unrealized loss on short-term investments   (1,082 )     (2,595 )
    Other (expense) income, net   (262 )     3,080  
    Income (loss) from equity method investments   952       (520 )
    Income before income taxes   27,166       26,461  
    Income tax expense   (2,153 )     (4,369 )
    Net income   25,013       22,092  
    Less: Net income attributable to non-controlling interests   4,633       4,659  
    Net income attributable to ACM Research, Inc. $ 20,380     $ 17,433  
    Comprehensive income (loss):      
    Net income   25,013       22,092  
    Foreign currency translation adjustment, net of tax of nil   1,750       (6,829 )
    Comprehensive Income   26,763       15,263  
    Less: Comprehensive income attributable to non-controlling interests   4,957       3,406  
    Comprehensive income attributable to ACM Research, Inc. $ 21,806     $ 11,857  
           
    Net income attributable to ACM Research, Inc. per common share:      
    Basic $ 0.32     $ 0.28  
    Diluted $ 0.30     $ 0.26  
           
    Weighted average common shares outstanding used in computing per share amounts:    
    Basic   63,267,834       61,367,184  
    Diluted   66,952,774       66,242,321  
    ACM RESEARCH, INC.
    Total Revenue by Product Category and by Region
     
      Three Months Ended March 31,
      2025 2024
      (Unaudited)
    		    
      ($ in thousands)
    Single wafer cleaning, Tahoe and semi-critical cleaning equipment $ 129,569 $ 109,470
    ECP (front-end and packaging), furnace and other technologies   27,630   25,800
    Advanced packaging (excluding ECP), services & spares   15,148   16,921
    Total Revenue by Product Category $ 172,347 $ 152,191
         
      Three Months Ended March 31,
       2025  2024
    Mainland China $ 169,053 $ 152,135
    Other Regions   3,294   56
    Total Revenue by Region $ 172,347 $ 152,191
    ACM RESEARCH, INC.
    Reconciliation of GAAP to Non-GAAP Financial Measures

    As described under “Use of Non-GAAP Financial Measures” above, ACM presents non-GAAP gross margin, operating expenses, operating income, net income attributable to ACM Research, Inc., and basic and diluted earnings per share as supplemental measures to GAAP financial measures, each of which excludes stock-based compensation (“SBC”) from the equivalent GAAP financial line items. In addition, non-GAAP net income attributable to ACM Research, Inc., and basic and diluted earnings per share exclude unrealized gain (loss) on short-term investments. The following tables reconcile gross margin, operating expenses, operating income, net income attributable to ACM Research, Inc., and basic and diluted earnings per share to the related non-GAAP financial measures:

      Three Months Ended March 31,
      2025 2024
      Actual SBC Other non-operating adjustments Adjusted Actual SBC Other non-operating adjustments Adjusted
    (GAAP) (Non-GAAP) (GAAP) (Non-GAAP)
       
      (In thousands)
       
    Revenue $ 172,347   $ –   $ –   $ 172,347   $ 152,191   $ –   $ –   $ 152,191  
    Cost of revenue   (89,797 )   (529 )   –     (89,268 )   (73,070 )   (781 )   –     (72,289 )
    Gross profit   82,550     (529 )   –     83,079     79,121     (781 )   –     79,902  
    Gross margin   47.9%     0.3%     –     48.2%     52.0%     0.5%     –     52.5%  
    Operating expenses:                
    Sales and marketing   (16,343 )   (2,157 )   –     (14,186 )   (14,173 )   (3,027 )   –     (11,146 )
    Research and development   (27,503 )   (2,775 )   –     (24,728 )   (23,918 )   (4,503 )   –     (19,415 )
    General and administrative   (12,927 )   (4,356 )   –     (8,571 )   (15,798 )   (6,258 )   –     (9,540 )
    Total operating expenses   (56,773 )   (9,288 )   –     (47,485 )   (53,889 )   (13,788 )   –     (40,101 )
    Income (loss) from operations $ 25,777   $ (9,817 ) $ –   $ 35,594   $ 25,232   $ (14,569 ) $ –   $ 39,801  
    Unrealized loss on short-term investments   (1,082 )   –     (1,082 )   –     (2,595 )   –     (2,595 )   –  
    Net income (loss) attributable to ACM Research, Inc. $ 20,380   $ (9,817 ) $ (1,082 ) $ 31,279   $ 17,433   $ (14,569 ) $ (2,595 ) $ 34,597  
    Basic EPS $ 0.32       $ 0.49   $ 0.28       $ 0.56  
    Diluted EPS $ 0.30       $ 0.46   $ 0.26       $ 0.52  

    The MIL Network –

  • MIL-OSI: Himax Technologies, Inc. Declares Cash Dividend for FY2024

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, May 08, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today declared a cash dividend of 37.0 cents per ADS, equivalent to 18.5 cents per ordinary share, for the year of 2024.

    The cash dividend will be payable on July 11, 2025 to all the shareholders of record as of June 30, 2025. The ADS book will be closed for issuance and cancellation from June 23, 2025 to June 30, 2025. Typically, Himax pays out its yearly dividend at approximately the middle of its current calendar year based on the Company’s previous year financial performance.

    “Since our IPO in 2006, we have consistently rewarded shareholders for their ongoing commitment with our dividend policy,” said Mr. Jordan Wu, President and Chief Executive Officer of Himax. “This year we are pleased to declare an annual cash dividend of 37.0 cents per ADS, representing a payout ratio of 81.1% of last year’s profit. Himax will continue to focus on maintaining a healthy balance sheet while driving sustainable long-term growth to deliver value for our shareholders through high dividends and share repurchases,” concluded Mr. Wu.

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,603 patents granted and 389 patents pending approval worldwide as of March 31, 2025.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.

    Company Contacts:
      
    Karen Tiao, Head of IR/PR
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us
    www.mzgroup.us

    The MIL Network –

  • MIL-OSI China: Chinese and Cambodian Militaries to Hold “Golden Dragon 2025” Joint Exercise: Defense Spokesperson 2025-05-08 “In mid-to-late May, the Chinese and Cambodian militaries will hold the ‘Golden Dragon 2025’ joint exercise in Cambodia,” said Senior Colonel Zhang Xiaogang.

    Source: People’s Republic of China – Ministry of National Defense

      BEIJING, May 8 — “In mid-to-late May, the Chinese and Cambodian militaries will hold the ‘Golden Dragon 2025’ joint exercise in Cambodia,” said Senior Colonel Zhang Xiaogang, spokesperson for China’s Ministry of National Defense (MND), at a press briefing on Thursday. 

      Focusing on joint counter-terrorism and humanitarian assistance and disaster relief (HADR) operations, the exercise will be conducted both on land and at sea, as well as in relevant air spaces. Cultural and sports exchanges, and open ship day activities will also be conducted, added the spokesperson.

      It is reported that this exercise will be the 7th of its kind between the Chinese and Cambodian militaries. “It will facilitate practical cooperation between the two sides and contribute to the building of a China-Cambodia all-weather community with a shared future for the new era,” said the spokesperson. 

    loading…

    MIL OSI China News –

  • MIL-OSI Russia: When Diplomacy Meets Book Culture: “Our Generation Was Deeply Inspired by Russian Classics”

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    “Which Tolstoy?”

    “There were two Tolstoys in Russia. One was Leo Tolstoy, the author of War and Peace, Anna Karenina, and Resurrection, whom I read. The other was Alexei Tolstoy, a playwright and poet.”

    This dialogue took place in Zhengding County, Hebei Province, where Comrade Xi Jinping was having a lively conversation with friends about Russian literature.

    “Our generation was deeply inspired by Russian classics.”

    Great literary works are able to break through the veil of time and illuminate the spiritual sky of humanity. Among the bright stars of world literature, Russian classics, with their profound philosophy and monumental artistic mastery, have become the spiritual heritage of all humanity. And Russian literature of the 19th century is rightfully considered one of the pinnacles of world culture.

    “I have read the works of many Russian writers: Krylov, Pushkin, Gogol, Lermontov, Turgenev, Dostoevsky, Nekrasov, Chernyshevsky, Tolstoy, Chekhov, Sholokhov. I remember many vivid chapters and plots of their books well.”

    In interviews, when the conversation turned to literature, Chairman Xi Jinping quoted and listed authors with the ease of a connoisseur, which made a deep impression on the Russian public and the world media.

    The bells of Moscow’s Red Square, ringing through time, echo the kerosene lamps of the cave houses of northern China. In his youth, Xi Jinping was “shocked” by literature: “Chernyshevsky was a democratic revolutionary, and his work inspired us a lot. I read his novel What Is to Be Done? in a cave house in Liangjiahe, and it resonated with me.”

    Literature is a dance of destiny and spirit.

    He saw willpower: Rakhmetov, the hero of the novel What Is to Be Done?, led an ascetic life to strengthen his will. Like him, the young Xi Jinping “slept on bare boards instead of a mattress,” “stood in the rain, rubbed himself with snow, doused himself with cold water at a well” to strengthen his spirit.

    He felt the beauty of poetry: “After reading Pushkin’s love poem “Eugene Onegin,” I later visited Odessa, where I looked for places associated with the poet.”

    He learned the depth of literature: “I also really like Sholokhov. His ‘Quiet Flows the Don’ is incredibly profound in its reflection of the era of change and human nature.”

    “Different cultures and civilizations require deep understanding,” “The ideas and traditions of each nation are unique – they are as different as flowers, but have no superiority or inferiority.” In a broader context, President Xi Jinping’s passion for Russian literature has become a shining example of cultural interaction.”

    The power of literature is especially evident at turning points in history.

    “The historical path is not the sidewalk of Nevsky Prospekt; it goes entirely through fields, sometimes dusty, sometimes muddy, sometimes through swamps, sometimes through thickets.” In 2013, during his first state visit as President of the PRC, Xi Jinping quoted these words of Chernyshevsky.

    Nevsky Prospect is indeed straight and clear from beginning to end. But on the path of peaceful development, humanity has to overcome mud, swamps and make its way through thickets – only “by doing what needs to be done, can one achieve success in one’s career, and by walking along the road, can one discover a clear path.”

    This emotional resonance, spiritual empathy and cultural resonance will be transformed into consensus and action to clear the fog of history and defend world peace. This will happen at the important moment when President Xi Jinping sets foot on Moscow soil again and at the special moment of the 80th anniversary of the victory in the World Anti-Fascist War.

    When Chairman Xi Jinping easily listed great Russian writers at MGIMO, when Pavel Korchagin from How the Steel Was Tempered became a spiritual reference point for generations of Chinese, when the Russian opera Eugene Onegin is performed in China – the dialogue of civilizations that began two centuries ago continues in a new era.

    This dialogue is not just the literary preferences of the leader of a great country, but also a spiritual unity of two peoples, a joint movement towards strengthening humanitarian ties and creating a new model of interstate relations.

    MIL OSI Russia News –

  • MIL-OSI Russia: Chinese-Russian Twin Cities: New Trends in Cultural Tourism

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Heihe City (Heilongjiang Province) and Blagoveshchensk City (Russia) are located on opposite sides of the Heilongjiang River and are in close proximity to each other. Due to their geographical proximity, active economic and cultural exchanges, and close human ties, they are called the “twin cities of China and Russia.”

    In recent years, Heihe’s morning and night markets have become a popular destination for Russian tourists. The opportunity to try a hot Chinese breakfast in the morning and dishes from all over China in the evening has become a favorite holiday option for many Russians, which contributes to both the growth of the local economy and the strengthening of friendship between the peoples of the two countries.

    In Heihe, in addition to gastronomy and shopping, Chinese massage has become a way for Russian guests to relax and recuperate.

    During the May holidays in 2025, the passenger flow through Heihe is expected to reach 9,500 people/time, with a peak of 2,200 people per day.

    MIL OSI Russia News –

  • MIL-OSI Russia: China issues yellow warnings for heavy rains, severe convective weather

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, May 8 (Xinhua) — China’s National Meteorological Center (NMC) on Thursday issued yellow alerts for heavy rain and severe convective weather.

    According to the NMC, heavy rainfall will occur in parts of southern and northern China from 2:00 p.m. Thursday to 2:00 p.m. Friday, with heavy rainfall expected to hit Jiangxi Province (east China), Hunan Province (central China) and Guangxi Zhuang Autonomous Region (GZAR, south China). Thunderstorms, gusty winds and hail are expected in some affected areas.

    The NMC said strong winds will hit parts of Anhui and Jiangsu provinces in eastern China, and are also expected in Hunan and Guangdong provinces and the GCC, while tornadoes are possible in some parts of Jiangxi province.

    Let us recall that China has a four-tier weather warning system, with the highest level of danger indicated by red, followed in descending order by orange, yellow and blue. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: China has made notable achievements in in-depth cooperation with relevant countries, including the United States, to address issues related to fentanyl and its precursors.

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Russians. Ori.org.KN | 08. 05. 2025

    Keywords: White paper

    Source: russian.china.org.cn

    China has made notable achievements in in-depth cooperation with relevant countries, including the United States, to address issues related to fentanyl-related substances and their precursors. The document also emphasizes China’s commitment to strengthening international drug control cooperation through dialogues, joint investigations and exchanges of drug control experience, and promoting partnerships based on equality and mutual trust.

    MIL OSI Russia News –

  • MIL-OSI Russia: Urgent: Deepening China-Russia Relations Necessary to Maintain International Justice, Improve Global Governance – Xi Jinping

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    MOSCOW, May 8 (Xinhua) — Chinese President Xi Jinping said here on Thursday that continuously developing and deepening China-Russia relations is the call of the times to uphold international justice and promote reform of the global governance system.

    Xi Jinping made the statement during talks with Russian President Vladimir Putin as part of his state visit to Russia. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: For the first time, more than 1 million foreign tourists visited Uzbekistan in a month

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Tashkent, May 8 (Xinhua) — For the first time, more than 1 million foreign tourists visited Uzbekistan in a month, the country’s Tourism Committee reported on Wednesday.

    “In April 2025, more than 1 million foreign tourists visited Uzbekistan. This figure is not only a historical result, but also the fruit of consistent reforms carried out in the tourism sector in our country, in particular, the policy of openness and strengthening of international cooperation,” the report says.

    It is reported that decrees and resolutions of the President of the Republic of Uzbekistan aimed at developing tourism as a strategic industry, as well as attracting investment in the sector, expanding the visa-free regime, and active participation in international tourism fairs and forums further increase the attractiveness of the country.

    It is noted that in the future it is planned to continue developing the tourism sector, expand the range of services that meet international standards, and strengthen Uzbekistan’s position as a competitive and attractive tourist destination on a global scale by supporting ecological and sustainable tourism. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Lightning: Continuous development and deepening of Chinese-Russian relations is the key to passing on friendship between the two peoples from generation to generation – Xi Jinping

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Xinhua | 08. 05. 2025

    Keywords:

    Source: Xinhua

    Lightning: Continuous development and deepening of Chinese-Russian relations is the key to passing on friendship between the two peoples from generation to generation – Xi Jinping Lightning: Continuous development and deepening of Chinese-Russian relations is the key to passing on friendship between the two peoples from generation to generation – Xi Jinping

    MIL OSI Russia News –

  • MIL-OSI China: China ramps up efforts to promote private sector

    Source: People’s Republic of China – State Council News

    The State Council Information Office holds a press conference on the Private Sector Promotion Law of the People’s Republic of China, in Beijing, capital of China, May 8, 2025. [Photo/Xinhua]

    China is rolling out a series of measures to boost the development of its private sector, officials said at a press conference held by the State Council Information Office on Thursday.

    The newly passed private sector promotion law reinforces development certainty through legal stability, offering reassurance to private enterprises as they pursue growth with greater confidence, Zheng Bei, deputy head of the National Development and Reform Commission (NDRC), said at the press conference.

    In terms of ensuring fair participation in market competition, the law stipulates that China will implement a unified nationwide negative list system for market access, Zheng added.

    Regarding equal access to factors of production, the law mandates that private economic entities are guaranteed equal rights to utilize capital, technology, human resources, data, land, and public service resources in accordance with the law, ensuring a level playing field for all stakeholders, Zheng noted.

    According to Zheng, the NDRC has launched a series of flagship projects across sectors such as nuclear power and railways. Private capital holds a 20 percent stake in certain nuclear power projects, while in areas like industrial equipment renewal and resource recycling and reuse, private enterprises contribute over 80 percent of the investment, he explained.

    Zheng revealed that this year, premium projects worth approximately 3 trillion yuan (about 416.2 billion U.S. dollars) will be launched across sectors such as transportation, energy, water conservancy, and new types of infrastructure.

    From January to April this year, the bid-winning rate for private enterprises increased by 5 percentage points compared to the same period last year, Zheng said, adding that for projects under 100 million yuan, private enterprises accounted for over 80 percent of the total bid-winning number.

    Addressing the presser, Cong Lin, deputy head of the National Financial Regulatory Administration, said that loans from banking financial institutions to private enterprises have maintained steady growth.

    Over the past five years, loans to private enterprises have grown at an average annual rate of 1.1 percentage points higher than the overall loan growth rate across all categories, according to Cong.

    As of the end of the first quarter this year, the outstanding balance of loans to private enterprises reached 76.07 trillion yuan, a year-on-year increase of 7.41 percent, Cong said, adding that the outstanding balance of inclusive financing loans for small and micro enterprises stood at 35.3 trillion yuan, up 12.5 percent year on year.

    The law, which will take effect on May 20 this year, stipulates that the promotion of the sustainable, healthy and high-quality development of the private economy is a significant and long-term policy of China. 

    MIL OSI China News –

  • MIL-OSI China: 27th China Beijing International High-Tech Expo kicks off

    Source: People’s Republic of China – State Council News

    The 27th China Beijing International High-Tech Expo opened Thursday at the National Convention Center and will run through May 11. 

    This year’s event features over 600 new products across six themed exhibition zones of information technology, smart manufacturing, healthcare, green development, the digital economy, and regional innovation. 

    More than 800 enterprises and organizations from home and abroad are participating, with the total exhibition area reaching about 50,000 square meters – more than doubled that of last year. 

    International exhibitors from countries including Russia, France, Japan, the U.S., and ASEAN nations occupy over 3,000 square meters, according to a Beijing municipal official responsible for promoting international trade. 

    Headline exhibits include China’s first 1,000-qubit coherent optical quantum computer, capable of accelerating tasks like drug discovery; AI-powered orthopedic surgical robots already in clinical use at over 100 hospitals; wall-climbing robots for infrastructure inspections; and a new generation of humanoid robots. 

    The expo also showcases key breakthroughs driving emerging industries. Highlights include a domestically developed fuel cell air compressor that lowers hydrogen fuel costs, a turboshaft engine built for unmanned helicopters and eVTOL aircraft, and the first bioengineered heart valve product developed specifically for infants.

    In parallel with the exhibition, a series of trade and investment promotion events are being held, covering themes such as international investment, Beijing-Tianjin-Hebei trade cooperation, and international business law.

    MIL OSI China News –