Press Release
Glory Star expected to further increase profitability
Glory Star New Media Group, a Nasdaq-listed digital media platform and content-driven e-commerce company in China, is expected to be able to further increase its profitability with its growing market share and economy of scale.
The company reported a 15.8% growth in its Non-GAAP net income to US$16.9 million for the six-months ended June 30 from US$14.6 million in the same period of last year.
During the first half of this year, the company’s total revenues grew 144.6% to US$71.9 million from US$29.4 million, thanks to the increase in advertising revenues and Cheers e-Mall marketplace service revenue, primarily attributable to the development and promotion of its mobile and online businesses.
Income from operations surged 40.9% to US$16.2 million from US$11.5 million.
During the first half year of 2021, the company successfully grew its top and bottom lines as it allocated more resources to sales and marketing to augment its brand equity and fuel its long-term growth engine.
The company’s rising economy of scale will allow it to gradually reduce operating expenses and capitalize on the rising popularity of video content and deliver lasting shareholder value.
At the end of June 30, the number of downloads of the company’s Cheers App reached 215.6 million, up from 121 million a year earlier. The increase in the number, a key indicator of the attractiveness and usability of its Cheers App and its e-Mall platform traffic, showed that it had successfully converted viewers of its content to its Cheers App.
Average daily active users (DAUs) of the app grew to 7.1 million from 4.5 million for the same period. Stock Keeping Units (SKUs) on its Cheers e-Mall platform jumped to 231,630 from 19,984.
Gross Merchandise Value (GMV) of the Cheers App reached US$181.2 million in the first six months of this year, compared with US$20 million in the same period of 2020. The increase in GMV was driven significantly by its ability to attract and retain users to its Cheers App through its professionally produced content and its ability to further enhance its product offerings.
The company has a strong commitment to its corporate mission, meticulous execution of growth strategies, methodical expansion in both overseas and domestic markets, proactive engagement of Generation Z users through innovative products, and prudent investment in sales and marketing initiatives. It plans to refine its competitive edge in content-driven e-commerce of premium lifestyle, deepen our expertise in integrating quality content with lifestyle commerce, and expand our brand influence among Generation Z consumers on a global basis.
During the first half year, the resurgence of Covid-19 and its Delta variant caused the Chinese government to impose travel restrictions within mainland China, particularly in the southern regions of the country.
The company temporarily suspended the production of its traditional “Cheers Series” TV programs, thus resulting in a decline in its cost of revenues during the first six month of 2021. Once the travel restrictions are eased, the company will resume its content production activities in the second half of this year.
As of June 30, 2021, the company had cash and cash equivalents of US$20.3 million, compared with US$17.7 million at the end of last year.
Blockchain and AI technologies
Since its establishment in 2016, Glory Star has pioneered a unique, new business model integrating e-commerce services with premium video content. With the use of blockchain and AI technologies in its systems, the company has become a leading online digital media and entertainment company in China, with a strong track record both in terms of viewership and production capabilities. The company launched its Cheers App in 2018 to integrate e-commerce services with professionally generated content (PGC).
During the first half, the company produced many more live streaming shows and started to provide title sponsor advertising services at a higher price point. It also spent substantially on the development of the Cheers Chat and Cheers Car.
The company plans to provide more user-generated content (UGC) by forming partnerships with other platforms. It will allow global users to upload their content to its video platforms in the fourth quarter of this year while users will receive advertising revenue or get rewards from viewers directly.
The company will also allow content providers to use its software-as-a-service (SaaS) supply chain system with the blockchain technology that will help them match with relevant merchandisers. Content providers will be able to share the revenue from the sales of products on their video accounts.
The company’s ability to integrate premium lifestyle content, including short videos, online variety shows, online dramas, live streaming, its Cheers lifestyle video series, e-Mall, and mobile app, along with innovative e-commerce offerings on its platform enables it to pursue its mission of enriching people’s lives.
Its large and active user base has created valuable engagement opportunities with consumers and enhanced platform stickiness with thousands of domestic and international brands.
Non-fungible token
Glory Star’s Naschain platform offers one-stop solutions, which include smart contract, multichain universe and cross-chain consensus mechanisms, to users with its blockchain technology. It can help e-shoppers trace the origins of the products, avoid buying counterfeit goods, lower their logistics costs and protect their privacy.
The company has signed an agreement with the Beijing Minsheng Art Museum to use the company’s non-fungible token (NFT) technology, which can be used in copy-rights’ registration, verification, transaction and valuation, to protect the intellectual property of the museum’s artworks. The company will be able to boost its market share by acquiring some NFT service providers.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
YUANHE Showcases Comprehensive Robotic Welding Automation Capabilities for Global Manufacturers
Integrated robotic welding systems, precision positioners, and turnkey automation solutions support manufacturers across automotive, steel structure, shipbuilding, and heavy equipment sectors worldwide.
Tianjin, China, 18th Jun 2026 – Tianjin Yuanhe Industrial Machinery Co., Ltd. (YUANHE), a specialized engineering company focused on industrial robotics and welding automation systems, today highlighted its comprehensive capabilities in intelligent welding automation and robotic production line integration. With a complete engineering ecosystem spanning R&D, manufacturing, commissioning, and global after-sales support, YUANHE is helping manufacturers improve productivity, welding quality, and operational efficiency through advanced automation technologies.
Headquartered in Tianjin, China, YUANHE provides integrated robotic welding solutions, multi-axis welding positioners, and customized automation production lines for customers across Asia, Europe, the Middle East, and Oceania. The company combines strong engineering expertise with extensive project implementation experience to support manufacturers seeking digital transformation and intelligent production upgrades.
Standardized engineering processes, precision manufacturing capabilities, and a highly experienced technical team enable YUANHE to deliver reliable automation systems tailored to a wide range of industrial applications.
Core Capabilities and Engineering Strength
YUANHE operates an approximately 10,000-square-meter industrial manufacturing and engineering base in Tianjin, equipped with:
- Research and Development Center
- Equipment Assembly Workshop
- Load Testing Laboratory
- Customer Factory Acceptance Test (FAT) Area
- After-Sales Service Center
The facility supports an annual production capacity of 180–240 robotic welding workstation systems. Before shipment, every system undergoes a 72-hour continuous load test using actual workpieces to ensure performance stability and operational reliability.
The company employs approximately 50 professionals, including 24 core technical engineers specializing in mechanical design, electrical control systems, robot programming, field commissioning, and industrial automation integration. More than 92% of employees hold bachelor’s degrees or higher qualifications, with many possessing over a decade of industry experience.
Technical Advantages of Integrated Welding Automation
1.Robotic Welding Systems
YUANHE designs and integrates complete robotic welding solutions, including:
- Industrial robot integration projects
- Automated welding workstations
- Turnkey robotic production lines
- Customized intelligent manufacturing systems
These solutions are engineered to help manufacturers improve weld consistency, reduce labor dependency, and increase production throughput.
2.Multi-Axis Welding Positioner Systems
A key component of YUANHE’s automation expertise lies in its welding positioner technology.
Single-Axis Positioners
Designed for light- to medium-duty workpieces, offering horizontal rotation or vertical tilting functions to improve welding accessibility.
Dual-Axis Positioners
Combining horizontal rotation and vertical tilting movements, these systems enable multi-angle welding and improved weld quality for complex structures.
Three-Axis Positioners
Featuring multi-directional rotational capabilities, these positioners support highly complex welding applications requiring extensive accessibility and flexibility.
Customized Multi-Axis Systems
Tailor-made configurations can be developed according to customer requirements, including specific structural layouts, payload capacities, and production processes.
YUANHE’s engineering philosophy emphasizes that optimized axis configuration directly determines welding accessibility, production efficiency, and final weld quality.
3.Auxiliary Automation Systems
To support complete manufacturing solutions, YUANHE also provides:
- Robot travel rail systems
- Multi-axis motion structures
- Welding fume extraction systems
- Specialized tooling and fixture systems
These auxiliary systems can be integrated into turnkey production lines to maximize automation effectiveness.
Key Competitive Advantages
YUANHE’s automation solutions are built around coordinated robot-and-positioner control technology that enables:
- Repeatable positioning accuracy of ±0.1 mm
- Continuous multi-surface welding operations
- Improved welding accessibility
- Reduced manual intervention
- Higher production efficiency and consistency
By synchronizing robotic welding systems with precision positioners, manufacturers can achieve stable production performance while minimizing quality variation.
Global Project Experience
YUANHE’s automation systems have been deployed across multiple international markets, including:
- China
- Vietnam
- Thailand
- France
- Australia
- Middle East countries
One of the company’s benchmark projects involved the integration of 32 industrial robots and 21 welding positioners within a large-scale electric vehicle manufacturing program.
Project highlights include:
- 24 months of continuous full-load operation
- More than 120,000 welded structural components produced
- Zero major production stoppages related to automation equipment
The project demonstrates YUANHE’s capability to execute large-scale industrial automation programs and maintain long-term operational reliability in demanding production environments.
Industry Applications
YUANHE’s automation technologies serve a broad range of manufacturing sectors, including:
- Automotive manufacturing
- Electric two- and three-wheel vehicle production
- Construction and engineering machinery
- Steel structure fabrication
- Shipbuilding and marine engineering
The flexibility of the company’s robotic welding systems allows adaptation to different production volumes, product types, and manufacturing environments.
Management Statement
“Manufacturing industries around the world are facing increasing pressure to improve productivity while maintaining consistent product quality,” said a representative of Tianjin Yuanhe Industrial Machinery Co., Ltd.
“Through the integration of industrial robots, precision welding positioners, and intelligent automation systems, YUANHE helps customers build more efficient, reliable, and competitive manufacturing operations. Our goal is not only to provide equipment, but also to deliver complete engineering solutions that support long-term industrial development.”
Strategic Positioning and Future Vision
YUANHE positions itself as an industrial robotics and welding automation engineering company dedicated to advancing intelligent manufacturing worldwide.
Looking ahead, the company will continue investing in:
- Advanced robotic welding technologies
- Intelligent manufacturing systems
- Automation engineering innovation
- Global service network expansion
- Industry-specific customized solutions
By combining engineering expertise with practical industrial experience, YUANHE aims to support the next generation of smart manufacturing transformation across global markets.
About Tianjin Yuanhe Industrial Machinery Co., Ltd.
Founded in China and headquartered in Tianjin, Tianjin Yuanhe Industrial Machinery Co., Ltd. (YUANHE) specializes in robotic welding automation systems, welding positioners, and intelligent manufacturing solutions.
The company operates a fully integrated engineering platform covering research and development, manufacturing, testing, project implementation, and after-sales support. Its solutions have been successfully deployed across automotive, steel structure, shipbuilding, engineering machinery, and other industrial sectors in China and international markets.
YUANHE’s mission is to promote intelligent manufacturing upgrades worldwide through reliable automation technologies and professional engineering services.
Media Contact
Organization: Tianjin Yuanhe Industrial Machinery Co., Ltd. (YUANHE)
Contact Person: Yidan
Website: http://www.yuanhegroup.com/
Email: Send Email
Contact Number: +8619922632387
City: Tianjin
Country:China
Release id:46235
The post YUANHE Showcases Comprehensive Robotic Welding Automation Capabilities for Global Manufacturers appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Generating Long-Term Growth Randy Owens’ Newly Released Book is a Highly Valuable Financial Blueprint for Trades Professionals
United States, 18th Jun 2026 – Renowned business strategist and seasoned accountant Randy Owens has released his book, The Cash Flow Conduit: How to Make Your Business Permanently Profitable. This profit-centered approach to running a business is designed to help trades professionals achieve complete financial freedom through strategic decision-making. It offers a range of financial tools and actionable strategies to drive sustainable, long-term growth
.
The Cash Flow Conduit is a comprehensive book that addresses the challenges faced by the trades sector, including construction, HVAC, plumbing, electrical work, and more. Shedding light on the operational patterns unique to these industries, the author offers financial strategies grounded in decades of experience. Rather than technical jargon, this reliable financial guide introduces a strategic operational system that focuses on planning discipline, long-term profitability, cash allocation, cost control, and more.
According to the author, trades entrepreneurs must master their craft with little time to learn complex financial systems, which is why contractors and trade companies often fail to build long-term financial security, even when they are generating revenue. Ultimately, the new book equips trades professionals with the knowledge to control their cash flow and build wealth without compromising their quality of life.
Randy Owens is an accountant and profit advisor with more than 25 years in the financial services industry. He is committed to helping small businesses and trades professionals manage their finances effectively. Randy is the founder of Financial Connections, a firm that has helped thousands of Americans grow and protect their wealth. Specializing in tax strategy for small businesses and entrepreneurs, Randy’s team prepares more than 1,400 tax returns annually.
After many years of working directly with skilled professionals in the trades arena, Randy has gained insight into what truly works and how trades professionals can thrive financially in today’s economy. His new book distills his expertise and techniques into an approachable framework to help people succeed. Randy Owens is available for interviews.
Title: The Cash Flow Conduit: How to Make Your Business Permanently Profitable
Author: Randy Owens
Contact: Michael DeLon
Company: Paperback Expert
Email: press@PaperbackExpert.com
Phone Number: (501) 404-8690
About Randy Owens: https://www.fincontax.com/about
Availability: Amazon.com
Book Preview: https://www.amazon.com/dp/B0H2NXS32J
Media Contact
Organization: Paperback Expert
Contact Person: Michael DeLon
Website: https://paperbackexpert.com/
Email: Send Email
Contact Number: +15014048690
Country:United States
Release id:46234
The post Generating Long-Term Growth Randy Owens’ Newly Released Book is a Highly Valuable Financial Blueprint for Trades Professionals appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
From Oslo to Washington: Austin Glenn Smith on How a Life Across Continents Shaped a Disciplined Approach to Investing
The financial consultant’s upbringing across Norway, the United States, Germany, Scotland, and Australia underpins a global, long-horizon view of markets
United States, 18th Jun 2026 — Long before he managed institutional portfolios, Austin Glenn Smith, Ph.D., was learning to read the world. Born in Oslo, Norway, in 1958 to a Norwegian father and a New Zealand–born mother, Smith spent his formative years moving across continents, an upbringing he says taught him the single discipline that would define his career in finance: perspective.
Smith’s family relocated to the United States when he was six. At sixteen, he left for Hamburg, Germany, where he studied for six years. He went on to earn a Master’s degree from Robert Gordon University in Aberdeen, Scotland, and later a Ph.D. in Australia, an academic path spanning four countries and as many cultures.
“Growing up across four countries teaches you that no single market, and no single moment, tells the whole story,” said Smith. “Perspective is the most undervalued asset in finance.”
That globally formed outlook became the foundation of a 30-year career in institutional investment. After entering finance in the early 1990s, working for a time alongside renowned author and investor Robert Kiyosaki, Smith held senior fund and portfolio management roles with the Vanguard Management Group and Expert Edge Investments, with work that carried him repeatedly between the United States and Canada.
Where some investors anchor to a single home market, Smith built a practice of weighing decisions against a wider field of view, across regions, currencies, and economic cycles. He argues that the discipline of seeing beyond one’s immediate vantage point is exactly what protects long-term capital.
“Markets are local in their noise and global in their lessons,” he said. “The investor who can hold both views at once is far harder to surprise.”
In 2020, after decades of trans-continental travel, Smith settled in Washington. In 2026 he transitioned from full-time fund management to private financial consulting, advising a select group of clients across the United States and Canada. He says his international background is not a biographical footnote but a working method, one he now brings to individuals and families planning for the long term.
“Every place I lived added a lens,” Smith said. “Clients don’t just get my opinion; they get decades of watching how markets behave in very different worlds.”
More information is available at austinglennsmith.com.
About Austin Glenn Smith
Austin Glenn Smith, Ph.D., is a financial consultant and former senior fund and portfolio manager with more than 30 years of experience in institutional investment and portfolio strategy. Born in Oslo, Norway, and educated across the United States, Germany, Scotland, and Australia, he held senior roles with the Vanguard Management Group and Expert Edge Investments before transitioning, in 2026, to private financial consulting. He advises a select group of clients across the United States and Canada on portfolio strategy, retirement, and wealth planning. Learn more at austinglennsmith.com.
Media Contact
Organization: Austin Glenn Smith
Contact Person: Austin Glenn Smith
Website: https://austinglennsmith.com/
Email: Send Email
Country:United States
Release id:46228
The post From Oslo to Washington: Austin Glenn Smith on How a Life Across Continents Shaped a Disciplined Approach to Investing appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
YUANHE Showcases Comprehensive Robotic Welding Automation Capabilities for Global Manufacturers
Generating Long-Term Growth Randy Owens’ Newly Released Book is a Highly Valuable Financial Blueprint for Trades Professionals
From Oslo to Washington: Austin Glenn Smith on How a Life Across Continents Shaped a Disciplined Approach to Investing
Benzinga Money Article Discusses How to Become Part of the 12% of Retirees Who Have Achieved the Recommended $550,000 Minimum Retirement Savings Threshold
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