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Glory Star expected to further increase profitability

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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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Best Immigration Lawyer in Paraguay for Tax Residency and Relocation

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Paraguay, 10th Apr 2026 – Paraguay is rapidly becoming one of the most attractive destinations for tax residency, investment, and relocation. However, recent regulatory changes have made the immigration process more complex, increasing the need for professional guidance.

Angel Pontiggia, founder of Pontiggia Residency Services, is positioning herself as one of the leading immigration specialists in Paraguay, helping expats, investors, and digital nomads successfully obtain legal residency, cedula, and tax ID (RUC) with a 100% success rate.

As searches such as “best immigration lawyer in Paraguay”, “Paraguay tax residency”, and “how to get residency in Paraguay” continue to grow, Pontiggia Residency Services offers a fully managed, end-to-end solution tailored specifically for international clients.

One of the most important updates in Paraguayan immigration regulations is the enforcement of the rule requiring applicants to return to Paraguay within 1 year after their last exit following their temporary residency application. Failure to comply may result in losing eligibility for permanent residency.

Additionally, recent delays at Identificaciones have extended cedula issuance timelines, making proper planning and expert guidance more critical than ever.

Pontiggia Residency Services specializes in:

• Temporary Residency (TR)

• Permanent Residency (PR)

• Paraguay tax residency

• Cedula processing

• RUC (tax ID)

• Full relocation support

Unlike generic immigration agencies, the service focuses on transparency, efficiency, and personalized support, ensuring that each client clearly understands timelines, requirements, and legal obligations.

With increasing global demand for relocation options that offer financial freedom and territorial taxation, Paraguay continues to position itself as a strategic destination for expats and investors.

For those searching for the best immigration lawyer or residency service in Paraguay, Pontiggia Residency Services provides a reliable, professional, and proven pathway to establish legal residency and tax presence in the country.

Media Contact

Organization: Pontiggia Residency Services

Contact Person: Angel Pontiggia

Website: https://www.pontiggiaresidency.com/

Email: Send Email

Contact Number: +595994944222

Country:Paraguay

Release id:43913

The post Best Immigration Lawyer in Paraguay for Tax Residency and Relocation 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

Yijin Solution Delivers Precision Sheet Metal Fabrication for Custom Manufacturing Needs

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Homestead, FL 33030, United States, 10th Apr 2026 – Yijin Solution, a respected manufacturer specializing in high-precision CNC machining and advanced manufacturing technologies, has announced the expansion of its sheet metal fabrication capabilities to support increasing demand for customized industrial components. The development reflects a focus on improving production accuracy, material adaptability, and operational efficiency across multiple sectors.

The company’s sheet metal fabrication services support both low- and high-volume production, incorporating advanced machinery and structured engineering processes. Capabilities include cutting, bending, forming, and assembly of sheet metal components, each aligned with defined design specifications and performance requirements. These services complement existing offerings such as CNC machining, die casting, injection molding, and 3D printing, enabling a more integrated manufacturing framework.

The expansion responds to growing industry demand for components that meet strict tolerance standards while maintaining consistency across production cycles. Manufacturing trends indicate a shift toward more complex designs and accelerated timelines, requiring suppliers to deliver reliable and adaptable fabrication solutions.

Gavin Yi, CEO of Yijin Solution, commented on the development: “The expansion of sheet metal fabrication capabilities reflects a commitment to meeting the technical demands of modern manufacturing. By refining fabrication processes and integrating advanced equipment, the company is positioned to deliver components that align with exact specifications while maintaining production efficiency.”

The fabrication process integrates digital design systems and quality assurance protocols to maintain accuracy at each stage of production. Materials such as aluminum, stainless steel, and carbon steel are selected based on application requirements and performance standards. Collaboration during the design phase supports improved manufacturability and reduces the likelihood of production inefficiencies.

Sheet metal fabrication continues to play a significant role in global manufacturing supply chains, particularly as industries emphasize lightweight construction and durable component performance. The ability to produce customized parts with consistent quality remains essential for maintaining operational reliability and meeting regulatory expectations.

Yijin Solution’s integrated manufacturing approach allows sheet metal fabrication to be combined with complementary processes, enabling the production of complex assemblies within a single workflow. This model reduces dependency on multiple suppliers and contributes to shorter lead times, which remain critical in time-sensitive production environments.

The company also maintains a focus on process improvement through ongoing investment in automation and inspection technologies. These efforts support consistent output and reduced variability, aligning with broader industry movement toward data-driven manufacturing and quality control systems.

The announcement aligns with increasing demand for manufacturing partners capable of adapting to evolving technical requirements and fluctuating production volumes. Flexibility and consistency continue to influence supplier selection across industries with high performance and compliance standards.

Gavin Yi also addressed future direction: “Future development will continue to focus on integrating advanced manufacturing technologies and expanding service capabilities. Ongoing investment in process improvement and technical expertise is expected to support evolving industry requirements and strengthen the company’s role in manufacturing.”

Yijin Solution operates from its facility at 760 NW 10th Ave, Homestead, FL, providing manufacturing services that support a wide range of industrial applications. The company’s capabilities include CNC machining, sheet metal fabrication, custom fasteners, die casting, injection molding, and 3D printing.

For further information regarding Sheet Metal Fabrication China, contact Gavin Yi, CEO, at +1 626 263 5841 or via email at yijing@yijinsolution.com.

Media Contact

Organization: Yijin Solution

Contact Person: Gavin Yi

Website: http://yijinsolution.com/

Email: Send Email

Contact Number: +16262635841

Address:760 NW 10th Ave

City: Homestead

State: FL 33030

Country:United States

Release id:43912

The post Yijin Solution Delivers Precision Sheet Metal Fabrication for Custom Manufacturing Needs 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

Yijin Solution Advances Complex Part Production with Modern CNC Milling Solutions

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Homestead, FL 33030, United States, 10th Apr 2026 – Yijin Solution, a precision manufacturing company based in Homestead, Florida, has announced advancements in CNC milling capabilities designed to improve the production of complex components across multiple industries. The development reflects ongoing changes in manufacturing requirements, where precision, efficiency, and adaptability remain central to production success.

Yijin Solution has expanded its CNC milling operations through the integration of modern equipment and updated production methods. These enhancements are intended to support the manufacturing of intricate geometries and tight-tolerance parts used in sectors such as automotive, aerospace, medical, and energy. The initiative aligns with increasing demand for components that meet strict engineering and regulatory standards.

The updated CNC milling approach includes the adoption of multi-axis machining technology, enabling simultaneous movement across multiple planes. This capability reduces the need for repeated setups and supports more consistent output, particularly for parts with complex shapes. By minimizing manual intervention during production, the company aims to reduce variability and maintain stable quality across manufacturing batches.

In addition to equipment upgrades, process improvements have been implemented to optimize material usage and streamline workflow efficiency. These adjustments contribute to reducing waste while maintaining structural and dimensional integrity. Enhanced inspection procedures have also been introduced to ensure that finished components meet specified tolerances and industry requirements.

The expansion of CNC milling capabilities complements the company’s existing range of services, which includes sheet metal fabrication, custom fasteners, die casting, injection molding, and 3D printing. This integrated approach allows for a broader range of manufacturing solutions while maintaining coordination across different production methods. Such coordination is particularly relevant for industries requiring both prototyping and full-scale production.

According to Gavin Yi, the advancement addresses evolving technical challenges in modern manufacturing. “The introduction of modern CNC milling solutions reflects a continued effort to support increasingly complex component requirements across multiple industries,” said Yi. “Precision and repeatability remain critical factors, particularly as design specifications become more detailed and production timelines become more constrained.”

The need for high-precision manufacturing continues to grow in sectors such as aerospace and medical technology, where component reliability is closely tied to performance and safety. In these fields, even minor deviations can impact overall functionality. The enhanced CNC milling capabilities are intended to meet such expectations through improved control over machining processes and more consistent output.

Yijin Solution’s location in Homestead, Florida, supports engagement with a wide range of industrial clients. The company’s manufacturing capabilities are positioned to serve both domestic and international markets, contributing to a broader network of supply chain operations. Access to diverse industries allows for ongoing adaptation to changing production demands and technical standards.

Industry observations indicate that manufacturers are increasingly investing in advanced machining technologies to address complex production requirements. Multi-axis CNC milling, in particular, has become a key area of focus due to its ability to handle detailed component designs while maintaining efficiency. The recent developments at Yijin Solution reflect alignment with these broader industry trends, including growing interest in CNC Milling Service China as part of global sourcing and production strategies.

Further developments are under consideration as part of a longer-term strategy focused on operational efficiency and technological integration. Potential initiatives include the adoption of advanced software systems to enhance communication between design and production teams, as well as the exploration of automation to support consistency in manufacturing processes.

Yi also addressed the company’s future outlook, stating, “Ongoing efforts will remain focused on strengthening production capabilities while evaluating technologies that support improved efficiency and adaptability. Continued alignment with industry requirements is expected to guide future developments in manufacturing processes.”

Yijin Solution’s advancements in CNC milling represent a practical response to the growing complexity of modern component manufacturing. As industries continue to require precise and reliable parts, such developments contribute to maintaining production standards and supporting evolving engineering demands.

For additional information, Yijin Solution, recognized in discussions related to CNC Milling Service China, can be contacted at +1 626 263 5841 or via email at yijing@yijinsolution.com. The company is located at 760 NW 10th Ave, Homestead, FL 33030.

Media Contact

Organization: Yijin Solution

Contact Person: Gavin Yi

Website: http://yijinsolution.com/

Email: Send Email

Contact Number: +16262635841

Address:760 NW 10th Ave

City: Homestead

State: FL 33030

Country:United States

Release id:43911

The post Yijin Solution Advances Complex Part Production with Modern CNC Milling Solutions 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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