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Daily Express
2 days ago
- Business
- Daily Express
Halal hub: Chamber reaffirms alliance
Published on: Saturday, June 07, 2025 Published on: Sat, Jun 07, 2025 Text Size: From left: Dexter Lau, Shawn Tan, Lanice Ng, Jacky Chin and Dr Gloria. Kota Kinabalu: The Malaysia-China Chamber of Commerce (MCCC) Sabah Branch reaffirmed its strategic partnership with the World Halalprenuer Council (WHC), focusing on positioning Sabah as the gateway to the China-Malaysia halal ecosystem and transforming the State into an international halal hub. MCCC Sabah President Datuk Dexter Lau said both parties recently met and agreed to translate their previous strategic engagement into concrete, collaborative frameworks. Advertisement 'We will specifically focus on bilateral halal trade, education, leadership in publications and the joint organisation of high-profile and documentation initiatives,' he said, in a statement, Friday. Lau said the chamber had appointed four committee members – First Vice President Jacky Chin, Treasurer Shawn Tan, committee member Lanice Ng and Dr Gloria Chang – as the working committee for the WHC Sabah Chapter. He expressed confidence that their appointments, along with MCCC Sabah's involvement, would greatly benefit chamber members by offering exposure and expanding visibility on the international stage through WHC's global events, publications and digital platforms. The strategic collaboration will also serve as a bridge for bilateral halal trade and investment opportunities, particularly for halalpreneurs and women entrepreneurs from China and Malaysia, especially in Sabah. Lau is confident in Sabah's strong potential to become the international halal hub for Southeast Asia, given its strategic location and access to fast-growing markets with large Muslim populations in the region. 'With continued support and encouragement from the Government in promoting international trade and investment, we believe it won't be long before our objectives materialise, and Sabah's halal trade and investment can be elevated to a new level,' he added. According to the Global Islamic Economy Index, the global halal economy is projected to reach a market value of USD7.7 trillion by 2025 – up from USD3.2 trillion in 2015 – driven by increasing demand for Shariah-compliant investments and products. Malaysia remains a global leader in the halal industry, which contributes nearly 10 per cent to the nation's GDP. The sector is expected to grow further, with halal exports valued at billions of ringgit, as the country continues to lead in halal innovation, exploring areas such as AI-driven supply chain platforms and plant-based pharmaceuticals. The largest component of Malaysia's halal economy is the food services sector, which generated approximately USD31 billion (RM128.8 billion) in revenue in 2021. This figure is forecast to rise to USD47.6 billion (RM201.02 billion) by 2025. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Yahoo
27-03-2025
- Business
- Yahoo
JinkoSolar Holding Co Ltd (JKS) Q4 2024 Earnings Call Highlights: Record Module Shipments ...
Annual Module Shipments: Increased by 18.3% year over year to approximately 93 gigawatts. Fourth Quarter Module Shipments: 25.2 gigawatts, in line with guidance. Fourth Quarter Revenue: $2.83 billion, down 15.7% sequentially and 37% year over year. Fourth Quarter Gross Margin: 3.6%, compared to 15.7% in the third quarter and 12.5% in the fourth quarter of 2023. Fourth Quarter Net Loss: $64.9 million, compared to net income of $3.2 million in the third quarter. Full-Year 2024 Revenue: $12.64 billion, down 22% year over year. Full-Year 2024 Gross Margin: 11%, compared to 16% in 2023. Full-Year 2024 Net Income: $7.9 million, down 98% year over year. Cash and Cash Equivalents: $3.8 billion at the end of the fourth quarter. Total Debt: $5.56 billion at the end of the fourth quarter. Operating Expenses: $380 million in the fourth quarter, down 26% sequentially. Asset Liability Ratio: 72% at the end of the fourth quarter, improved from 75% at the beginning of the year. Warning! GuruFocus has detected 5 Warning Signs with JKS. Release Date: March 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. JinkoSolar Holding Co Ltd (NYSE:JKS) achieved a historical high in quarterly and annual module shipments, with total shipments reaching approximately 26.5 gigawatts in the fourth quarter. The company maintained its leading position in N-type TOPCon technology, with mass-produced N-type cell efficiency reaching nearly 26.5% by the end of the fourth quarter. JinkoSolar Holding Co Ltd (NYSE:JKS) was included in the S&P Global's 2025 Sustainability Yearbook and received a triple B rating in the MSCI ESG ratings, highlighting its commitment to sustainability. The company improved its asset liability ratio to 72% by the end of the fourth quarter, down from 75% at the beginning of the year, indicating better financial management. JinkoSolar Holding Co Ltd (NYSE:JKS) plans to maintain a healthy cash reserve and optimize its asset and liability structure, with cash and cash equivalents reaching $3.8 billion by the end of the fourth quarter. JinkoSolar Holding Co Ltd (NYSE:JKS) experienced a significant decline in profitability, with net income dropping 98% year over year to USD7.9 million. The company's gross margin fell to 3.6% in the fourth quarter, down from 15.7% in the third quarter, due to a decrease in average selling prices of solar modules. Total revenue decreased by 15.7% sequentially and 37% year over year, reflecting challenges in the market. The company faced a net loss of USD64.9 million in the fourth quarter, compared to a net income of USD3.2 million in the third quarter. JinkoSolar Holding Co Ltd (NYSE:JKS) anticipates a further decline in gross margins in the first quarter of 2025 due to a slack season and lower-priced orders. Q: How will the recent AD/CVD tariffs impact JinkoSolar's margins and pricing strategy in the US? A: Gener Miao, Chief Marketing Officer, stated that JinkoSolar has prepared solutions to mitigate the impact of AD/CVD tariffs. The company is utilizing its US factories at full capacity and leveraging other supply chains to avoid additional costs. The tariffs are not expected to significantly impact margins, but demand in the US market remains a key factor. Q: What are JinkoSolar's expectations for US shipments in 2025? A: Gener Miao mentioned that it is too early to define shipment volumes to the US due to policy uncertainties. The company is awaiting clarity on trade barriers and the Inflation Reduction Act (IRA) to better define its strategy. Q: Can you provide more details on the alternative supply chain for the US market? A: Gener Miao explained that there are available capacities outside the AD/CVD scope, particularly in Southeast Asia. JinkoSolar plans to utilize OEMs for short-term solutions without investing in new capacities. Q: What are the expectations for gross margins in Q1 and beyond? A: Haiyun Cao, Director, indicated that Q1 margins are expected to be lower than Q4 due to seasonal factors and lower-priced orders. However, margins are anticipated to improve moderately in Q2 as supply-demand balance improves and China's demand increases. Q: What is JinkoSolar's CapEx expectation for 2025? A: Mengmeng Li, Chief Financial Officer, stated that CapEx for 2025 is expected to be much lower than in 2024, approximately RMB4 billion to RMB5 billion, focusing on technology upgrades and automation. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
