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QuickLogic Reports 41% Year-over-Year Revenue Growth for Second Quarter Fiscal 2024

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2 years ago

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SAN JOSE, Calif., Aug. 13, 2024 /PRNewswire/ — QuickLogic Corporation (NASDAQ: QUIK) (“QuickLogic” or the “Company”), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs and Endpoint AI solutions, today announced its financial results for the fiscal second quarter that ended June 30, 2024.

Recent Highlights

Awarded $5.26 million third tranche of the Strategic Radiation Hardened FPGA Technology US Government ContractJoined Intel Foundry Accelerator IP and USMAG Alliance Programs to deliver customer-definable eFPGA Hard IP cores optimized for the Intel 18A process nodeReceived a BAE Systems ‘Partner 2 Win’ Supplier of the Year award in the category of “FAST Labs™ Technology Innovation Partner of the Year”Grew the sales funnel to $189 millionAnnounced new distribution agreement with Spur Microwave Inc. to strengthen presence across the growing India marketAnnounced new distribution agreement with Astute Electronics to expand global reach, supporting customers across Europe, as well as in Australia, Israel, Turkey, and New ZealandEntered into a strategic partnership with CTG to enhance our aerospace and defense supply chain capabilities and to deliver custom solutions, cost savings, and efficiency for Aerospace and DefenseSensiML launched its open-source initiative Piccolo AI™, the first open-source AutoML solution for IoT edge AISensiML released a new Generative AI feature to enhance Data Studio, enabling embedded device developers to utilize text-to-speech (“TTS”) and AI voice generation

“QuickLogic’s inclusion in Intel Foundry Accelerator IP and USMAG Alliances marked a significant milestone in the Company’s strategic growth plan, and we believe this will position QuickLogic as a leading source for eFPGA Hard IP available for Intel 18A technology,” said Brian Faith, CEO of QuickLogic. “In addition to this, we are on schedule to deliver customer-specific eFPGA Hard IP for multiple 12nm designs by the close of 2024 that will be fabricated by two different foundries and execute on the Strategic Radiation Hardened FPGA program for the U.S. Department of Defense.”

Fiscal Second Quarter 2024 Financial Results

Total revenue for the second quarter of fiscal 2024 was $4.1 million, an increase of 41.3% compared with the second quarter of 2023 and a decrease of 31.3% compared with the first quarter of 2024.

New product revenue was approximately $3.1 million in the second quarter of 2024, an increase of $0.8 million, or 36.9%, compared with the second quarter of 2023 and a decrease of $1.8 million, or 37.3%, compared with the first quarter of 2024. The increase in new product revenue from the same period a year ago was primarily due to higher eFPGA IP license and professional services revenue due to the next phase of the large eFPGA contract and higher device and royalty revenues.

Mature product revenue was $1.1 million in the second quarter of 2024. This compares to $0.7 million in the second quarter of 2023 and $1.1 million in the first quarter of 2024.

Second quarter 2024 GAAP gross margin was 51.0% compared with 41.2% in the second quarter of 2023 and 66.3% in the first quarter of 2024.

Second quarter 2024 non-GAAP gross margin was 53.1% compared with 44.2% in the second quarter of 2023 and 70.3% in the first quarter of 2024.

Second quarter 2024 GAAP operating expenses were $3.6 million compared with $3.4 million in the second quarter of 2023 and $3.8 million in the first quarter of 2024.

Second quarter 2024 non-GAAP operating expenses were $2.9 million compared with $2.9 million in the second quarter of 2023 and $2.5 million in the first quarter of 2024.

Second quarter 2024 GAAP net loss was ($1.6 million), or ($0.11) per share, compared with a net loss of ($2.3 million), or ($0.17) per share, in the second quarter of 2023, and net income of $0.1 million, or $0.01 per basic and fully diluted share, in the first quarter of 2024.

Second quarter 2024 non-GAAP net loss was ($0.7 million), or ($0.05) per share, compared with a net loss of ($1.7 million), or ($0.12) per share, in the second quarter of 2023 and net income of $1.7 million, or $0.12 per basic share, or $0.11 per diluted share, in the first quarter of 2024.

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time today, August 13, 2024, to discuss its current financial results. The conference call will be webcast on QuickLogic’s IR Site Events Page at https://ir.quicklogic.com/ir-calendar. To join the live conference, you may dial (877) 300-8521 and international participants should dial (412) 317-6026 by 2:20 p.m. Pacific Time. No Passcode is needed to join the conference call. A recording of the call will be available approximately one hour after completion. To access the recording, please call (844) 512-2921 and reference the passcode 10191341.

The call recording, which can be accessed by phone, will be archived through August 20, 2024, and the webcast will be available for 12 months on the Company’s website.

About QuickLogic

QuickLogic is a fabless semiconductor company that develops innovative embedded FPGA (eFPGA) IP, discrete FPGAs, and FPGA SoCs for a variety of industrial, aerospace and defense, edge and endpoint AI, consumer, and computing applications. Our wholly owned subsidiary, SensiML Corporation, completes the end-to-end solution portfolio with AI / ML software that accelerates AI at the edge/endpoint. For more information, visit www.quicklogic.com.

QuickLogic uses its website (www.quicklogic.com), the company blog (https://www.quicklogic.com/blog/), corporate Twitter account (@QuickLogic_Corp), Facebook page (https://www.facebook.com/QuickLogic), and LinkedIn page (https://www.linkedin.com/company/13512/) as channels of distribution of information about its products, its planned financial and other announcements, its attendance at upcoming investor and industry conferences, and other matters. Such information may be deemed material information, and QuickLogic may use these channels to comply with its disclosure obligations under Regulation FD. Therefore, investors should monitor the Company’s website and its social media accounts in addition to following the Company’s press releases, SEC filings, public conference calls, and webcasts.

Non-GAAP Financial Measures

QuickLogic reports financial information in accordance with United States Generally Accepted Accounting Principles, or U.S. GAAP, but believes that non-GAAP financial measures are helpful in evaluating its operating results and comparing its performance to comparable companies. Accordingly, the Company excludes certain charges related to stock-based compensation, in calculating non-GAAP (i) income (loss) from operations, (ii) net income (loss), (iii) net income (loss) per share, and (iv) gross margin percentage. The Company provides this non-GAAP information to enable investors to evaluate its operating results in a manner like how the Company analyzes its operating results and to provide consistency and comparability with similar companies in the Company’s industry.

Management uses the non-GAAP measures, which exclude gains, losses, and other charges that are considered by management to be outside of the Company’s core operating results, internally to evaluate its operating performance against results in prior periods and its operating plans and forecasts. In addition, the non-GAAP measures are used to plan for the Company’s future periods and serve as a basis for the allocation of the Company’s resources, management of operations and the measurement of profit-dependent cash, and equity compensation paid to employees and executive officers.

Investors should note, however, that the non-GAAP financial measures used by QuickLogic may not be the same non-GAAP financial measures and may not be calculated in the same manner as that of other companies. QuickLogic does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with U.S. GAAP. A reconciliation of U.S. GAAP financial measures to non-GAAP financial measures is included in the financial statements portion of this press release. Investors are encouraged to review the related U.S. GAAP financial measures and the reconciliation of non-GAAP financial measures with their most directly comparable U.S. GAAP financial measures.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding our future profitability and cash flows, expectations regarding our future business and statements regarding the timing, milestones, and payments related to our government contracts, and actual results may differ due to a variety of factors including: delays in the market acceptance of the Company’s new products; the ability to convert design opportunities into customer revenue; our ability to replace revenue from end-of-life products; the level and timing of customer design activity; the market acceptance of our customers’ products; the risk that new orders may not result in future revenue; our ability to introduce and produce new products based on advanced wafer technology on a timely basis; our ability to adequately market the low power, competitive pricing and short time-to-market of our new products; intense competition by competitors; our ability to hire and retain qualified personnel; changes in product demand or supply; general economic conditions; political events, international trade disputes, natural disasters and other business interruptions that could disrupt supply or delivery of, or demand for, the Company’s products; and changes in tax rates and exposure to additional tax liabilities. These and other potential factors and uncertainties that could cause actual results to differ materially from the results contemplated or implied are described in more detail in the Company’s public reports filed with the Securities and Exchange Commission (the “SEC”), including the risks discussed in the “Risk Factors” section in the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and in the Company’s prior press releases, which are available on the Company’s Investor Relations website at http://ir.quicklogic.com/, and on the SEC website at www.sec.gov/. Additional information will be set forth in the Company’s Quarterly Report on Form 10-Q for the three and six months ended June 30, 2024. In addition, please note that the date of this press release is August 13, 2024, and any forward-looking statements contained herein are based on management’s current expectations and assumptions that we believe to be reasonable as of this date. We are not obliged to update these statements due to latest information or future events.

QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.

CODE: QUIK-E 

 –Tables Follow –

 

QUICKLOGIC CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited) 

Three Months Ended

Six Months Ended

June 30,
2024

July 2, 2023

March 31,
2024

June 30,
2024

July 2, 2023

Revenue

$

4,127

$

2,921

$

6,007

$

10,134

$

7,054

Cost of revenue

2,022

1,718

2,024

$

4,046

3,461

Gross profit

2,105

1,203

3,983

$

6,088

3,593

Operating expenses:

Research and development

1,527

1,505

1,459

$

2,986

3,134

Selling, general and administrative

2,095

1,924

2,351

$

4,446

3,785

Total operating expense

3,622

3,429

3,810

$

7,432

6,919

Operating income (loss)

(1,517)

(2,226)

173

$

(1,344)

(3,326)

Interest expense

(40)

(50)

(69)

$

(109)

(108)

Interest and other (expense) income, net

1

—

11

$

12

(63)

Income (loss) before income taxes

(1,556)

(2,276)

115

$

(1,441)

(3,497)

(Benefit from) provision for income taxes

(6)

(7)

7

$

1

—

Net income (loss)

$

(1,550)

$

(2,269)

$

108

$

(1,442)

$

(3,497)

Net income (loss) per share:

Basic

$

(0.11)

$

(0.17)

$

0.01

$

(0.10)

$

(0.26)

Diluted

$

(0.11)

$

(0.17)

$

0.01

$

(0.10)

$

(0.26)

Weighted average shares outstanding:

Basic

14,439

13,709

14,177

14,308

13,297

Diluted

14,439

13,709

14,545

14,308

13,297

Note: Net income (loss) equals to comprehensive income (loss) for all periods presented.

 

QUICKLOGIC CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(Unaudited)

June 30, 2024

December 31,
2023

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

$

23,266

$

24,606

Accounts receivable, net of allowance for doubtful accounts of $24 and $34, as of June
30, 2024 and December 31, 2023, respectively

928

1,625

Contract assets

2,254

3,609

Inventories

1,751

2,029

Prepaid expenses and other current assets

1,686

1,561

Total current assets

29,885

33,430

Property and equipment, net

12,043

8,948

Capitalized internal-use software, net

2,287

2,069

Right of use assets, net

896

981

Intangible assets, net

484

537

Non-marketable equity investment

300

300

Goodwill

185

185

Note receivable

1,229

1,200

Other assets

142

142

TOTAL ASSETS

$

47,451

$

47,792

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Revolving line of credit

$

20,000

$

20,000

Trade payables

1,449

4,657

Accrued liabilities

1,277

2,673

Deferred revenue

756

1,052

Notes payable, current

890

946

Lease liabilities, current

266

302

Total current liabilities

24,638

29,630

Long-term liabilities:

Lease liabilities, non-current

609

681

Notes payable, non-current

274

461

Other long-term liabilities

125

125

Total liabilities

25,646

30,897

Commitments and contingencies

Stockholders’ equity:

Preferred stock, $0.001 par value; 10,000 shares authorized; no shares issued and
outstanding

—

—

Common stock, $0.001 par value; 200,000 authorized; 14,458 and 14,118 shares issued
and outstanding as of June 30, 2024 and December 31, 2023, respectively

14

14

Additional paid-in capital

328,788

322,436

Accumulated deficit

(306,997)

(305,555)

Total stockholders’ equity

21,805

16,895

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

47,451

$

47,792

 

QUICKLOGIC CORPORATION
SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES
(in thousands, except per share amounts and percentages)
(Unaudited)

Three Months Ended

Six Months Ended

June 30,
2024

July 2, 2023

March 31,
2024

June 30,
2024

July 2, 2023

US GAAP income (loss) from operations

$

(1,517)

$

(2,226)

$

173

$

(1,344)

$

(3,326)

Adjustment for stock-based compensation within:

Cost of revenue

88

88

237

325

166

Research and development

197

158

357

554

342

Selling, general and administrative

517

340

969

1,486

793

Non-GAAP income (loss) from operations

$

(715)

$

(1,640)

$

1,736

$

1,021

$

(2,025)

US GAAP net income (loss)

$

(1,550)

$

(2,269)

$

108

$

(1,442)

$

(3,497)

Adjustment for stock-based compensation within:

Cost of revenue

88

88

237

325

166

Research and development

197

158

357

554

342

Selling, general and administrative

517

340

969

1,486

793

Non-GAAP net income (loss)

$

(748)

$

(1,683)

$

1,671

$

923

$

(2,196)

US GAAP net income (loss) per share, basic

$

(0.11)

$

(0.17)

$

0.01

$

(0.10)

$

(0.26)

Adjustment for stock-based compensation

0.06

0.05

0.11

0.16

0.09

Non-GAAP net income (loss) per share, basic

$

(0.05)

$

(0.12)

$

0.12

$

0.06

$

(0.17)

US GAAP net income (loss) per share, diluted

$

(0.11)

$

(0.17)

$

0.01

$

(0.10)

$

(0.26)

Adjustment for stock-based compensation

0.06

0.05

0.10

0.16

0.09

Non-GAAP net income (loss) per share, diluted

$

(0.05)

$

(0.12)

$

0.11

$

0.06

$

(0.17)

US GAAP gross margin percentage

51.0

%

41.2

%

66.3

%

60.1

%

50.9

%

Adjustment for stock-based compensation included
in cost of revenue

2.1

%

3.0

%

4.0

%

3.2

%

2.4

%

Non-GAAP gross margin percentage

53.1

%

44.2

%

70.3

%

63.3

%

53.3

%

 

QUICKLOGIC CORPORATION
SUPPLEMENTAL DATA
(Unaudited)

Percentage of Revenue

Change in Revenue

Q2 2024

Q2 2023

Q1 2024

Q2 2024 to
Q2 2023

Q2 2024 to
Q1 2024

COMPOSITION OF REVENUE

Revenue by product: (1)

New products

74

%

76

%

81

%

37

%

(37)

%

Mature products

26

%

24

%

19

%

56

%

(5)

%

Revenue by geography:

Asia Pacific

10

%

16

%

12

%

(10)

%

(44)

%

North America

87

%

81

%

84

%

52

%

(28)

%

Europe

3

%

3

%

4

%

12

%

(55)

%

_________________

(1)

New products include all products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP intellectual property, professional services, and QuickAI and SensiML AI software as a service (SaaS) revenue. Mature products include all products produced on semiconductor processes larger than 180 nanometer and includes related royalty revenue.

 

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SOURCE QuickLogic Corporation

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FURIA crowned back-to-back BLAST Premier Rivals Hong Kong champions as 30,000 fans celebrate world-class Counter-Strike

Published

48 minutes ago

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November 15, 2026

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FURIA defeat Team Spirit 3-0 to claim another BLAST Premier trophy, as Hong Kong celebrates a spectacular weekend of esports and confirms the tournament’s return in 2027.

HONG KONG, Nov. 15, 2026 /PRNewswire/ — BLAST Premier Rivals Hong Kong came to a thrilling conclusion on Sunday, 15 November, as FURIA were crowned back-to-back champions following a dominant 3-0 victory over Team Spirit at AsiaWorld-Arena.

The Grand Final capped off an incredible weekend of world-class Counter-Strike, with more than 30,000 passionate fans attending across three days of playoff action in Hong Kong.

Sunday’s high-octane showdown saw the Brazilian side overcome Team Spirit in commanding fashion, with Kaike ‘KSCERATO’ Cerato delivering another outstanding performance to cement his status as the tournament’s Most Valuable Player (MVP).

The victory marks FURIA’s third trophy in their last four tournaments, continuing an incredible late-season run of form as the team builds momentum ahead of the upcoming Singapore Major.

For legendary captain Gabriel ‘FalleN’ Toledo, the victory carries extra significance, adding another prestigious BLAST trophy to his collection as he prepares to retire at the end of the year. With just the Singapore Major remaining, the Brazilian icon now has one final opportunity to cap off his remarkable career with another major title.

Hong Kong celebrates as BLAST confirms 2027 return

Sunday’s Grand Final also marked the conclusion of the 2026 BLAST Premier Counter-Strike season, bringing another spectacular year of international competition to a close.

The weekend was made even more memorable by the announcement that BLAST Premier Rivals will return to Hong Kong for a third consecutive year, from 8–14 November 2027.

Following two successful editions in 2025 and 2026, both awarded prestigious “M” Mark status, the announcement reinforces Hong Kong’s position as a leading destination for international esports and competitive entertainment.

With more than 30,000 fans celebrating across the weekend, another champion crowned and a third Hong Kong event confirmed, BLAST Premier Rivals 2026 delivered a fitting finale to the Counter-Strike season.

All eyes now turn to 2027 as BLAST prepares for another exciting year of world-class Counter-Strike around the globe.

The BLAST Premier Rivals Hong Kong 2026 is proud of being an “M” Mark event that helps enhance the image of Hong Kong as Asia’s sports event capital. The “M” Mark awarded by the Major Sports Events Committee, symbolising intense, spectacular and signature event in the territory’s sports calendar.

ENDS

About BLAST

BLAST is a global competitive entertainment company with a mission to bring mega entertainment to the world, taking esports, gaming and other new competitive formats to the next level.

BLAST is famous for pioneering the esports category through stunning high-production quality, big creative ideas and game-changing fan-first moments, bringing together the biggest teams and brightest superstars to fight it out for glory and multi-million-dollar prize pools in the world’s biggest arenas, from London and Singapore to Austin and Rio.

BLAST has offices in Copenhagen (HQ), London, Berlin, Mumbai, Malta and New York City. The company is currently working with world-leading game publishers Epic Games, Valve, Supercell and Ubisoft to produce, market and deliver esports for popular titles including Rocket League, Fortnite, Rainbow Six, Brawl Stars, Dota 2 and Counter-Strike 2.

About Esports Association of Hong Kong, China

Esports Association of Hong Kong, China (ESAHK) was established in 2015 by a group of experienced stakeholders in the esports industry and is now the most influential non-profit organisation in Hong Kong’s esports sector. Since its inception, the association has seen continuous growth in membership and rapid development of its activities, supported by esports companies, internet cafes, esports product agents, retail stores, game and software developers, and individuals across Hong Kong society.

Since 2021, ESAHK has been a member of the Sports Federation & Olympic Committee of Hong Kong, China (SF&OC), and is the only recognised entity responsible for selecting esports athletes to represent Hong Kong in international competitions.

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SOURCE BLAST

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Cambodia Takes Bakong Global, Connecting ASEAN with Japan and Africa

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6 hours ago

on

November 15, 2026

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PHNOM PENH, Cambodia, Nov. 15, 2026 /PRNewswire/ — Cambodia is taking its national digital payment system, Bakong, onto the global stage, unveiling initiatives spanning international card payments, stablecoin and bond tokenisation pilots with Japan, and a remittance corridor with Rwanda.

The announcements were made at the inaugural Black Swan Summit Cambodia, co-hosted by the National Bank of Cambodia (NBC) and the Singapore-headquartered Global Finance & Technology Network (GFTN), in collaboration with three Cambodian ministries: the Ministry of Post and Telecommunications, the Ministry of Commerce, and the Ministry of Industry, Science, Technology and Innovation.

Held alongside the Sommet de la Francophonie, the two-day summit has attracted over 5,000 registered participants from 60 countries, including policymakers, central bankers, investors and technology leaders, to advance financial connectivity between ASEAN, Africa and other international markets.

From National Payment System to Global Network

Cambodia has built a digital payments infrastructure that has transformed domestic financial access. It is now extending that infrastructure internationally through three initiatives:

Bakong to the World: Bakong users will be able to create Visa or Mastercard virtual cards through the app, enabling contactless payments overseas.

Japan–Cambodia stablecoin remittances: NBC and SBI Group will explore stablecoin-based cross-border transfers, with funds received through Bakong wallets.

Government bond tokenisation: NBC and SBI Bank will pilot the tokenisation of Cambodian government bonds on the Canton Network, exploring new approaches to trading and settlement.

Bakong has also contributed to the growing use of Cambodia’s national currency. The riel’s share of transactions on the platform increased from 17% in 2020 to 58% in 2025.

A Model for Emerging Economies

Cambodia’s financial transformation is rooted in an extraordinary history. Following the destruction of its banking system and the abolition of its currency between 1975 and 1979, the riel was reintroduced on 20 March 1980.

Rather than replicate conventional financial infrastructure, Cambodia has built a digital-first payments ecosystem. Today, Bakong connects approximately 38 million accounts in a country of 17 million people. In 2025, it processed 1.3 billion transactions worth US$241.84 billion, equivalent to approximately 4.5 times Cambodia’s GDP.

For emerging economies seeking to expand financial inclusion, strengthen domestic currencies and connect to global markets, Cambodia offers an example of how public digital infrastructure can accelerate financial development.

Bridging ASEAN and the Francophone World

The summit also marks a step towards connecting Southeast Asia with Francophone economies, particularly in Africa.

Two initiatives signal this ambition:

Cambodia–Rwanda remittance corridor: The National Bank of Cambodia and the National Bank of Rwanda are working to connect Bakong with Rwanda’s RSwitch payment infrastructure, initially facilitating remittances from Cambodia to Rwanda.

Francophone Africa payment connectivity: H.E. Dr. Chea Serey, Governor of the National Bank of Cambodia, underscored the shared vision of exploring cross-border payment connectivity with Francophone African payment systems, with potential initial use cases focusing on remittances and small-value trade.

These initiatives advance South–South cooperation, demonstrating how emerging economies can collaborate directly on interoperable financial infrastructure without relying exclusively on traditional international payment networks.

The summit continues on 16 November, with discussions on economic corridors, payment interoperability, financial resilience and regulatory cooperation.

Leadership Perspectives

H.E. Dr. Chea Serey, Governor of the National Bank of Cambodia, said: “Cambodia knows what it means to lose a financial system and rebuild trust in money. Bakong has expanded access and the use of the riel. Now we are connecting it to the world. Sovereignty and openness are not opposites. Inclusion must be measured not just by whether people can pay, but by whether they can withstand shocks.”

Sopnendu Mohanty, Group CEO, Global Finance & Technology Network (GFTN), said: “Cambodia shows that emerging economies can build financial infrastructure around their own needs rather than inherit systems designed elsewhere. The next challenge is connecting these platforms internationally. From African payment links to Japanese fintech pilots, Black Swan Summit Cambodia demonstrates how emerging markets can open new channels for trade, investment and financial inclusion.”

For more information: www.cambodia.blackswansummit.com

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SOURCE Global Finance & Technology Network (GFTN)

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APEC 2026 Host City Promotional Video Shenzhen: Where the Future Takes Shape Released Worldwide

Published

11 hours ago

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November 15, 2026

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SHENZHEN, China, Nov. 14, 2026 /CNW/ — Shenzhen: Where the Future Takes Shape, the official promotional video for the host city of the 2026 Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting, was released worldwide on November 15, as APEC Economic Leaders’ Week got underway in Shenzhen.

Presented by the Publicity Department of the CPC Shenzhen Municipal Committee and produced by Shenzhen Media Group, the video takes “Where the Future Takes Shape” as its central theme.

It brings together Shenzhen’s pioneering reforms, its achievements in building a modern, people-centered city, and the theme of 2026 APEC “China Year,” “Building an Asia-Pacific Community to Prosper Together.” Through the story of Shenzhen, the video offers international audiences a vivid look at Chinese modernization in practice, while extending a warm welcome to guests from across the Asia-Pacific and beyond. It also reflects the host city’s commitment to openness and its vision of working with regional partners to create a better future.

Shenzhen itself takes center stage in the video. Through six dimensions — innovative, livable, beautiful, resilient, culturally advanced, and smart — the production captures the city’s character during this landmark year and showcases its vitality and appeal to audiences worldwide.

The Chinese- and English-language versions premiered simultaneously across Shenzhen Media Group’s platforms, including Shenzhen TV’s 4K Ultra HD channel, its international channel, and the international social media network of “Shenzhen Channel”.

Featuring more than 260 shots, 99% of them newly filmed in 2026, this six-minute film brings Shenzhen to life–from cutting-edge innovation and vibrant urban spaces to stunning natural landscapes and cultural diversity.

Discover a city where the future is already taking shape, and where people from across the Asia-Pacific are invited to come together, share opportunities, and build a brighter, more prosperous future.

At this moment, Shenzhen is at its best.

As the video’s closing narration declares:

In 2026, the world gathers in Shenzhen to write a new chapter in building an Asia-Pacific Community to prosper together.

Gather in Shenzhen.

Witness miracles.

Together, let’s create a brighter future!

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SOURCE Shenzhen Media Group

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