Month: 2026-06

HONG KONG, Jun 1, 2026 - (ACN Newswire via SeaPRwire.com) - Shenzhen SDMC Technology Co., Ltd. (“SDMC” or the “Company”, HKEX: 00901), a globally leading smart home solution provider and the world’s largest Android TV smart terminal supplier by sales volume, officially commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX) today. Guided by its innovative “1+2+X” strategy, the Company is poised to lead the global transition towards advanced AI home ecosystems.The Company successfully offered 19,207,300 H shares globally, with the final offer price set at HK$32.80 per share. China Securities International served as the Sole Sponsor for this significant listing. This successful Initial Public Offering (IPO) marks a pivotal moment for SDMC, providing access to international capital markets to accelerate its global ecosystem integration and technological advancements.Deep Integration with Google Ecosystem and Expansive Global ReachWith over two decades of expertise in the home ecosystem sector, SDMC has developed a robust and integrated portfolio of “hardware + software + cloud platform” solutions. A cornerstone of the Company’s competitive advantage is its profound integration with the Google ecosystem. In 2017, SDMC was among the first enterprises in China to achieve Google Android TV certification. Further solidifying its leadership, in 2023, it secured the world’s first Google TV projection product ODM certification.According to Frost & Sullivan, the global smart home device market is projected to grow from US$71.8 billion in 2025 to US$175.9 billion by 2030. As of 2025, the top ten market participants account for approximately 53.9% of the total market share by revenue. Within the global enterprise smart home solutions market, SDMC ranks as the seventh-largest provider globally and the third-largest in Mainland China by 2025 revenue. Furthermore, it maintains its standing as the world’s largest Android TV smart terminal supplier by sales volume. To date, SDMC has established a comprehensive global presence, serving more than 300 clients—primarily telecommunication operators—across over 80 countries and regions.Transitioning to a Global Ecosystem DefinerMoving beyond the export of standalone devices, SDMC leverages its proprietary management platforms, including Cedar, XHome, and XMediaTV, to seamlessly integrate cutting-edge AI, IoT, and wireless communication technologies into diverse home environments. As a crucial strategic ally and a preferred enabler for technology implementation worldwide, the Company generates over 90% of its revenue from international markets.The proceeds from the listing will be strategically deployed to fuel continuous innovation in smart home technologies, strengthen the Company’s leadership in global niche markets, and inject new dynamism into the global smart home industry.About SDMCSDMC (HKEX: 00901) is a globally recognized smart home solution provider. By seamlessly integrating advanced terminal hardware with self-developed software management platforms (Cedar, XHome, XMediaTV), SDMC delivers robust ecosystem-based solutions to over 300 telecom operators worldwide. Driven by a steadfast commitment to global expansion and relentless innovation, SDMC is dedicated to shaping the future of home intelligence.For Media Inquiries, Please Contact:Intelligent Joy LimitedEmail Address:June: june@intelligentjoy.comLeo: leo.fan@intelligentjoy.comTalia: talia.li@intelligentjoy.comPhone Number:June: (852) 3594 6458Talia: (852) 6265 5076Leo: (86) 19076154147 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Jun 1, 2026 - (ACN Newswire via SeaPRwire.com) - As Unitree Robotics’ STAR Market IPO advances to a key review stage, the potential asset revaluation and earnings upside arising from Shoucheng Holdings’ (00697.HK) participation in the robotics sector through its industrial funds have become a focus of market attention. Public information shows that Unitree Robotics’ STAR Market IPO application is scheduled to be reviewed today, June 1. Industry observers believe that if Unitree Robotics successfully moves into the public-market pricing stage, it will provide a clearer valuation benchmark for related robotics assets and may further feed through to Shoucheng Holdings’ asset side, earnings side and net asset value.Recent financing enthusiasm in the robotics sector has continued to rise, also providing an industry backdrop for the revaluation of related assets. Earlier reports by Securities Times showed that, in the first quarter of 2026, more than 50 financing deals were disclosed in China’s embodied-intelligence sector, with cumulative financing of around RMB 20 billion, representing year-on-year growth of nearly 60%. Companies including Unitree Robotics, Galbot, Agibot, Xinghaitu and Deep Robotics have entered the RMB 10 billion valuation tier. Market participants believe that, as the valuation midpoint of the robotics sector gradually moves upward, the implied value of Shoucheng Holdings’ related investment assets may become easier for the market to reprice, expanding the room for imagination around investment returns and profit upside.Notably, Shoucheng Holdings’ overall investment and book performance in the robotics sector are already supported by solid data. Shoucheng Holdings’ management previously disclosed that, as of the end of 2025, the company had invested more than RMB2 billion in the broader robotics industry chain through several industrial funds under its management and consolidated funds. The valuation of the relevant investment portfolio has increased by around fourfold, which, based on this calculation, corresponds to a book value gain of approximately RMB8 billion.As Unitree Robotics’ IPO advances toward the public market pricing stage, the related holdings are expected to obtain a clearer valuation anchor, further driving a revaluation of book value gains and pushing Shoucheng Holdings’ robotics assets into a stage of value verification and realization.With respect to the Unitree Robotics project specifically, public information shows that Shoucheng Holdings participated in the investment through the Beijing Robotics Industry Development Investment Fund. The fund held approximately 3.8262% of Unitree Robotics before the offering and about 3.44% after the offering. Based on the assumption that the new share issuance will be no less than 10% of the post-issuance total share capital, Unitree Robotics’ post-issuance valuation would be no less than RMB 42 billion. On this basis, the equity interest in Unitree Robotics held by the Beijing Robotics Industry Development Investment Fund would be worth approximately RMB 1.445 billion. If Unitree Robotics’ subsequent valuation rises to RMB 50 billion or RMB 60 billion, the value of this equity interest would be approximately RMB 1.720 billion and RMB 2.064 billion, respectively. Although the above calculations refer to the value of the fund-level shareholding and do not equate to all gains that Shoucheng Holdings can directly recognize, they already provide the market with a clearer reference for assessing the potential value of its robotics investment assets.From an asset perspective, Unitree Robotics’ IPO will provide a clearer valuation anchor for Shoucheng Holdings’ related robotics investments. Once Unitree Robotics enters the public market, its market capitalization performance, liquidity and comparable peer valuations will offer a more direct pricing reference for the robotics assets held by Shoucheng Holdings through its funds.From an earnings perspective, after Unitree Robotics is listed, if the related investments are measured at fair value, changes in its public-market price may be reflected in Shoucheng Holdings’ fair-value changes or investment income. In the first quarter of 2026, Shoucheng Holdings recorded revenue of HKD 327 million and net profit attributable to shareholders of HKD 78.53 million. Excluding relevant one-off gains, net profit attributable to shareholders increased by around 18% year on year. Against the existing profit base, if robotics investment projects subsequently generate valuation revaluation or income recognition, they would help enhance the company’s earnings and further highlight the profit elasticity of its investment segment.From a valuation-framework perspective, Shoucheng Holdings has historically been viewed more as a company related to infrastructure asset operations, parking asset management and the REITs ecosystem, with a certain asset discount often embedded in its valuation. As robotics investment assets gradually gain public-market pricing, the company’s net asset structure is expected to exhibit more technology-growth attributes. When assessing Shoucheng Holdings, the market may not only refer to the PB ratio, cash flow and dividend and share-repurchase capacity of traditional asset-operating companies, but also focus on NAV revaluation, investment-income elasticity and the option value of technology-growth assets.Institutional views also reflect market attention from another angle. CICC previously maintained its "outperform" rating on Shoucheng Holdings and once raised its target price to HKD 3.3, mainly taking into account shareholding-structure optimization and the continued release of positive factors from robotics-industry development. Analyst expectations compiled by various financial data platforms show that the average target price for Shoucheng Holdings ranges from approximately HKD 2.66 to HKD 2.753, with the highest target price reaching HKD 3.30.Market observers believe that the recent value-recovery logic for Shoucheng Holdings mainly comes from two aspects. First, the accelerated capitalization of portfolio companies such as Unitree Robotics has improved the transparency of related investment assets and created a potential value-realization window for the company. Second, the company has continued to pursue share repurchases, conveying management’s confidence in the company’s long-term value to the market. As robotics investments enter the stage of financial validation, the resonance between industrial-investment elasticity and shareholder-return mechanisms is further strengthening market expectations for valuation recovery.Overall, the significance of Unitree Robotics’ IPO progress for Shoucheng Holdings is no longer merely the heating up of a robotics theme, but the gradual formation of a foundation for financial transmission. Public-market pricing is expected to increase the visibility of related investment assets, while fair-value changes, investment-income recognition or subsequent exit distributions may open up earnings-side elasticity. At the same time, improved asset transparency will also help the market reassess the quality of the company’s net assets and its valuation framework. For Shoucheng Holdings, robotics investment is moving from industrial deployment toward the stage of value verification. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

SINGAPORE, June 1, 2026 - (ACN Newswire via SeaPRwire.com) - KoverNow, the digital insurance platform for high-value items and collectibles, has announced a strategic partnership with Watch Exchange, one of Singapore's most trusted luxury watch dealerships.The partnership enables collectors and enthusiasts to insure their luxury timepieces digitally with worldwide coverage backed by AXA XL, a leading global insurer of property, casualty, and specialty coverages for businesses worldwide. Customers benefit from exclusive offers with competitive rates and a fully digital experience — receiving instant quotes based on market value and activating coverage either at the moment of purchase or from the comfort of their own home. Coverage includes protection against accidental damage, loss and theft.Watch Exchange is recognized for its exceptional buying and selling services, strict authenticity standards and as a leading destination for some of the world's most sought-after luxury watches. With a focus on delivering both access and enduring value, the partnership enhances its offering by introducing a seamless way for customers to protect their watches as a natural extension of the purchase experience.This partnership marks KoverNow's first retail deployment under its insurance intermediary relationship with AXA XL in Singapore, reflecting its capability in delivering high-value, specialist items insurance through a fully digital experience."Acquiring a watch is a deliberate and meaningful moment and protecting it should be just as straightforward," said Stephan Kaiser, CEO of KoverNow. "KoverNow's tech-enabled process equips collectors with a simple platform to secure world-class coverage so that they can truly enjoy their collections with confidence. We are very pleased to have Watch Exchange as our partner and its endorsement underscores our ability to deliver high-quality watch insurance digitally in concert with established retail channels.""At Watch Exchange, we are committed to offering services that elevate the experience for our customers. KoverNow's tailored insurance solution creates a simple and smooth way to safeguard your watch collection. We're thrilled to be adding a valuable layer of support to the ownership journey of our esteemed customers," said Darren Yeoh, Sales Manager of Watch Exchange."Luxury watches today are both cherished personal possessions and increasingly valuable collectible assets," said Rhiannon Alban-Davies, Head of Fine Art & Specie Asia at AXA XL. “As the market evolves, collectors expect protection solutions that are as seamless and sophisticated as the way they buy and manage their collections. Through this partnership, we are pleased to support an innovative digital insurance experience that combines specialist underwriting expertise with convenience and peace of mind for watch owners."About KoverNow KoverNow delivers digital insurance for high-value items and collectibles in Singapore and Hong Kong, including watches, jewellery, handbags, cameras, wine, whisky and art. Through the KoverNow app, collectors can insure their cherished items in a single digital journey — from onboarding and obtaining instant quotes to activating coverage and filing claims. Its proprietary model ensures asset authenticity, accurate valuation and long-term ownership. Partnering with leading insurers and distribution partners such as luxury retailers, financial institutions and auction houses, KoverNow enables specialist insurance to be offered at the point of sale. Visit www.kovernow.com for more.About Watch ExchangeWatch Exchange is Singapore's largest and best-reviewed independent luxury watch retailer, based in Orchard, Singapore. Built on a simple promise of Luxury Meets Trust, every timepiece undergoes a rigorous inspection process and is backed by a one-year warranty from Watchlab, our in-house Swiss-standard service centre. Recognised as an Enterprise 50 winner and CaseTrust accredited, Watch Exchange operates two boutiques at Far East Plaza, Orchard, serving watch lovers and enthusiasts across Singapore.ABOUT AXA XLAXA XL provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.comABOUT AXA XL INSURANCEAXA XL Insurance offers property, casualty, professional, financial lines and specialty insurance solutions to mid-sized companies through to large multinationals globally. We partner with those who move the world forward. To learn more, visit www.axaxl.comFor further information, please contact:Jennifer CheungKoverNow PTE LTD Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com