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Glory Star expected to further increase profitability

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5 years ago

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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.

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Press Release

Guangdong aims to shoulder greater responsibilities at the beginning of the 15th Five-Year Plan period

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5 minutes ago

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March 13, 2026

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TimesNewswire / March 13, 2026 – On the afternoon of March 6, 2026, the Guangdong provincial delegation held an open meeting during the Fourth Session of the 14th National People’s Congress in Beijing. The event drew 277 journalists from 111 media outlets, including 61 foreign organizations. Reporters asked questions actively; delegates answering included Huang Kunming, Secretary of the CPC Guangdong Committee, and Meng Fanli, Governor of Guangdong. The meeting was chaired by Huang Chuping, Chairman of the Standing Committee of the Guangdong Provincial People’s Congress.

A Xinhua News Agency reporter noted that during his inspection of Guangdong in November 2025, Chinese President Xi Jinping gave guidance for the province’s scientific planning for the 15th Five-Year Plan period, encouraging Guangdong to take the national lead, set an example for the country, and shoulder greater responsibilities. The reporter asked about Guangdong’s implementation plans. Huang Kunming outlined the province’s vision and key priorities for the year in four areas: “strengthening the two cornerstones of industry and technology,” “advancing reform and opening up while adhering to the mass line,” “expanding into county-level areas and the maritime domain,” and “energizing the two main drivers of enterprises and talent.”

Huang Kunming said Guangdong has vigorously promoted the mutual reinforcement of industry and technology in recent years, leading to the province’s top ranking in regional innovation capability for nine consecutive years. The nine mainland cities in the Guangdong‑Hong Kong‑Macao Greater Bay Area saw foreign trade imports and exports rise 4.4% despite headwinds, and actual use of foreign capital increase 11.3%. “Guangdong‑made products” perform strongly across China and overseas, injecting momentum into the province’s high‑quality development. As Guangdong begins the crucial stage of the 15th Five‑Year Plan period, it aims to cultivate more industrial clusters worth hundreds of billions or trillions of yuan in emerging fields such as 6G, the low‑altitude economy, embodied artificial intelligence, and quantum technology. Huang Kunming extended a warm invitation to media professionals to visit Guangdong, explore its strengths, enjoy its cuisine, and experience the charm of the Lingnan region.

Huang Kunming proactively invited journalists from Macau to ask questions. A reporter from Macau Global Chinese Business News asked what message he had for the Macau press. Huang Kunming said that after years of close collaboration with Macau, both the “hardware and software” foundations have become increasingly mature. Guangdong offers numerous advantages, significant opportunities, and broad space for growth. He welcomed insightful people from all sectors in Macau—especially young people—to come to Hengqin to start or expand businesses or to work.

Responding to a question from a China Media Group reporter, Governor Meng Fanli noted that Guangdong has the largest manufacturing sector in China. During the 15th Five‑Year Plan period, Guangdong will prioritize accelerating high‑quality development of the service sector as a key task in advancing industrial and economic upgrading. The focus will be on “advancing six key dimensions and fostering a robust industrial ecosystem.” The six dimensions are integration, high‑end advancement, digital intelligence, green development, internationalization, and diversification. At the same time, the province will cultivate an industrial ecosystem that supports healthy, rapid growth in services, increase investment in service industries, and build world‑class industrial parks alongside diverse online and offline platforms and carriers.

At the 1.5‑hour interactive session, journalists repeatedly raised questions on hot topics about Guangdong’s development. Delegates responded directly and candidly, sharing their experiences in office and outlining future plans, conveying determination and confidence in advancing during the 15th Five‑Year Plan from multiple perspectives.

Contact: Albert Huang

Tel: 0086-15810014610

E-mail: 1713543383@qq.com

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Press Release

XTJ CNC Reinforces Global Manufacturing with Precision CNC Milling Services in China

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3 hours ago

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March 13, 2026

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Carmel, IN 46032, United States, 13th Mar 2026 – XTJ CNC, a respected precision manufacturing company, announced the reinforcement of its CNC milling capabilities in China to support growing demand for high-precision custom components across global manufacturing industries. The development reflects increased reliance on advanced machining solutions in sectors such as aerospace, automotive, and electronics.

XTJ CNC provides CNC machining services including precision milling, turning, and rapid prototyping for metal and plastic components. The company works with manufacturers that require custom parts produced with strict tolerances and flexible production volumes. The expanded CNC milling operations are designed to support organizations seeking dependable machining partners for both prototype development and production manufacturing.

CNC milling remains an essential manufacturing method because it enables the production of complex geometries while maintaining extremely tight dimensional tolerances. Aerospace manufacturers, automotive suppliers, and electronics producers frequently rely on advanced machining technologies to produce parts that meet demanding engineering standards. Precision milling allows manufacturers to create detailed features and consistent finishes required for modern industrial applications.

The reinforced operations include advanced multi-axis CNC equipment capable of machining materials such as aluminum, stainless steel, titanium, and engineering plastics. These materials are widely used in industrial assemblies, structural components, and electronic enclosures. Modern machining equipment allows the production of components that align with complex engineering specifications.

“Demand for precision machining continues to expand as manufacturers develop increasingly sophisticated products that rely on highly accurate components,” said Hafiz Pan, Director of Operations at XTJ CNC. “Reinforced CNC milling operations in China strengthen production capacity and support manufacturers that depend on consistent machining quality for specialized parts.”

XTJ CNC reports that its manufacturing structure supports both small prototype orders and larger production runs without minimum order requirements. This flexible approach allows engineering teams and manufacturing companies to obtain custom components throughout different stages of product development.

Rapid prototyping also plays an important role in modern engineering workflows. CNC machining enables engineers to convert digital designs into physical components for evaluation before full production begins. Prototype parts help verify mechanical performance, dimensional accuracy, and compatibility within larger assemblies.

Industry analysts note that precision machining providers remain essential to technological progress in sectors that require exact tolerances and reliable component performance. Aerospace systems, automotive assemblies, and electronic devices often depend on specialized machining partners capable of delivering consistent production results.

“Advances in manufacturing technology and global industrial collaboration continue to influence the direction of precision machining,” Pan said. “Future development efforts will focus on strengthening machining capabilities that support the next generation of industrial manufacturing.”

For additional information about XTJ CNC and its China CNC milling service, contact XTJ CNC at +1 218 527 7419 or via email at hafiz@cncpartsxtj.com. XTJ CNC is headquartered at 506 S Rangeline Rd, Carmel, IN 46032, USA, and supports manufacturing activities through production facilities and partners in China.

Media Contact

Organization: XTJ CNC

Contact Person: Hafiz Pan

Website: http://xtjcnc.com/

Email: Send Email

Contact Number: +12185277419

Address:506 S Rangeline Rd

City: Carmel

State: IN 46032

Country:United States

Release id:42586

The post XTJ CNC Reinforces Global Manufacturing with Precision CNC Milling Services in China 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

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Press Release

XTJ CNC Develops Advanced CNC Steel Machining for Heavy-Duty Industrial Components

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3 hours ago

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March 13, 2026

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Carmel, IN 46032, United States, 13th Mar 2026 – XTJ CNC, an innovative manufacturer specializing in precision CNC machining, has announced the development of advanced CNC steel machining capabilities to support the production of heavy-duty industrial components. The development focuses on strengthening machining processes for steel materials widely used in aerospace, automotive, and industrial manufacturing.

The enhanced machining approach emphasizes precision milling and turning processes tailored for structural and hardened steel. These materials are commonly used in components that must withstand high mechanical loads and demanding operating conditions. Through refined machining strategies and improved process control, XTJ CNC aims to support manufacturers requiring reliable custom steel components for specialized industrial applications.

Heavy-duty steel components are widely used in systems such as transmissions, structural assemblies, machine frames, and high-load mechanical equipment. Manufacturing these parts requires precise control of machining parameters, tooling performance, and dimensional accuracy. According to XTJ CNC, the improved machining capability allows complex steel parts to be produced with consistent tolerances while maintaining material integrity.

XTJ Precision Mfg, the machining division of XTJ CNC, provides CNC milling, turning, and rapid prototyping services for both metal and plastic components. The expansion of steel machining processes reflects growing industry demand for durable components capable of meeting strict performance requirements.

Director of Operations Hafiz Pan stated that the development supports the increasing need for precise machining of high-strength materials.

“Advanced CNC machining of steel components requires careful coordination between tooling selection, machine stability, and material characteristics,” said Pan. “The development at XTJ CNC enhances the ability to produce heavy-duty industrial components with consistent precision and reliability for manufacturers operating in demanding sectors.”

The machining improvements include refined tool path strategies, optimized cutting parameters, and enhanced inspection procedures. These developments support the production of steel components with tight tolerances and complex geometries while maintaining efficiency across both prototype and limited production runs.

Precision-machined steel components play an important role in multiple industries. Aerospace manufacturers rely on steel parts for structural supports and specialized fixtures, while automotive manufacturers use precisely machined components in drivetrain and engine systems. Industrial equipment manufacturers require durable steel parts capable of operating under sustained mechanical stress.

The advanced steel machining capability introduced by XTJ CNC supports these sectors by improving precision when machining hardened steels and other high-strength materials. The approach also allows manufacturers to transition from prototype development to production with greater consistency.

Pan noted that the initiative represents part of a broader effort to expand technical capabilities within the company.

“Industrial equipment continues to evolve toward higher performance standards and more complex designs,” said Pan. “Future efforts at XTJ CNC will focus on further refining steel machining processes and expanding manufacturing capabilities to support the next generation of industrial components.”

XTJ CNC operates from its facility in Carmel, Indiana, where CNC machining specialists provide precision milling, turning, and rapid prototyping services across several industries. The company supports projects ranging from early-stage prototypes to specialized production components.

The development of advanced CNC steel machining capabilities reflects continued efforts to improve manufacturing precision and support the production of durable industrial components used in demanding environments.

For more information about XTJ CNC and its CNC Steel Machining Services, the company is located at 506 S Rangeline Rd, Carmel, IN 46032, USA. XTJ CNC supports manufacturers requiring precision steel components for industrial applications. Additional details can be obtained by contacting +1 218 527 7419 or by email at hafiz@cncpartsxtj.com.

Media Contact

Organization: XTJ CNC

Contact Person: Hafiz Pan

Website: http://xtjcnc.com/

Email: Send Email

Contact Number: +12185277419

Address:506 S Rangeline Rd

City: Carmel

State: IN 46032

Country:United States

Release id:42585

The post XTJ CNC Develops Advanced CNC Steel Machining for Heavy-Duty Industrial Components 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

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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.

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