Technology
Keep Inc. Announces 2024 Interim Results
Published
2 years agoon
By
BEIJING, Aug. 23, 2024 /PRNewswire/ — Keep Inc. (“Keep” or the “Company”), the largest online fitness platform in China, today announced its unaudited interim results for the six months ended June 30, 2024.
2024 Interim Results Highlights
Total revenues were RMB1,037.3 million for the six months ended June 30, 2024, a 5.4% increase from RMB984.7 million for the six months ended June 30, 2023.Gross profit was RMB477.3 million for the six months ended June 30, 2024, a 12.7% increase from RMB423.7 million for the six months ended June 30, 2023.Gross profit margin was 46.0% for the six months ended June 30, 2024, compared to 43.0% for the six months ended June 30, 2023.Adjusted net loss (non-IFRS measure) was RMB160.7 million, compared to RMB223.1 million for the six months ended June 30, 2023.Adjusted net loss margin narrowed to 15.5% for the six months ended June 30, 2024, compared with 22.7% for the six months ended June 30, 2023.
2024 Interim Operational Highlights
Six months ended June 30,
2024
2023
Average monthly active users (“MAU(s)”) (in thousands)
29,660
29,549
Average monthly revenues per MAU (in RMB)
5.8
5.6
Average monthly subscribing members (in thousands)
3,282
3,017
Membership penetration rate
11.1 %
10.2 %
Mr. Wang Ning, Chief Executive Officer of Keep Inc., commented, “We are pleased of our solid performance for the first half of 2024, which is a result of our proactive efforts in propelling our corporate strategies and tactics to meet the various needs of our consumers and communities through the new release of App 8.0 version, expanding portfolio of services and benefits, integrating marketing campaign across online fitness services, smart fitness devices and complementary products, as well as enhancing user trust and consumer sentiment in the Keep brand. We are on track to healthy recovery and are committed to sustaining high-quality development.
Total revenues reached RMB1,037 million, up 5.4% year-over-year, driven by the increased resilience and scale of our monetization initiatives across self-branded fitness products, online membership subscriptions, and advertising sales. By prudently reducing costs and increasing efficiency, our gross profit margin expanded to 46.0% while adjusted net loss considerably narrowed by 28.0% year-over-year. More importantly, we continue to see elevated user experience and activity level as our membership penetration rate increased to 11.1% in the first half of 2024, up from 10.2% in the first half of 2023. Looking ahead, we will continue to implement our strategic priorities of enhancing overall offerings of online content, outdoor categories, AI-centric solution, as well as evaluating potential synergistic cooperation throughout our value chain, driving sustained momentum across our ecosystem for our long-term growth.”
2024 Interim Financial Results
Revenues
Total revenues were RMB1,037.3 million for the six months ended June 30, 2024, representing a 5.4% increase from RMB984.7 million for the six months ended June 30, 2023, due primarily to increased revenues from self-branded fitness products and advertising and others.
Revenues from self-branded fitness products were RMB501.5 million for the six months ended June 30, 2024, representing a 7.5% increase from RMB466.4 million for the six months ended June 30, 2023, mainly attributable to the increase in wholesale channels sales, as well as the increased sales of fitness gear and apparel products.
Revenues from online membership and paid content were RMB437.0 million for the six months ended June 30, 2024, representing a 2.6% decrease from RMB448.9 million for the six months ended June 30, 2023, primarily due to a decrease in revenues from virtual sports events, which was partially offset by the increased revenues from online membership.
Revenues from advertising and others were RMB98.9 million for the six months ended June 30, 2024, representing a substantial increase of 42.4% from RMB69.4 million for the six months ended June 30, 2023, primarily attributable to online to offline integrated advertising services.
Cost of revenues
Cost of revenues was RMB560.0 million for the six months ended June 30, 2024, representing a decrease of 0.2% from RMB561.0 million for the six months ended June 30, 2023, primary due to a decrease in cost of online membership and paid content, which was partially offset by an increase in cost of advertising and others.
Cost of self-branded fitness products was RMB343.3 million for the six months ended June 30, 2024, representing a 2.1% increase from RMB336.3 million for the six months ended June 30, 2023, mainly attributable to an increase in sales of self-branded fitness products. Due to economies of scale, the growth rate of costs is lower than the growth rate of revenues.
Cost of online membership and paid content was RMB140.4 million for the six months ended June 30, 2024, representing a 21.8% decrease from RMB179.4 million for the six months ended June 30, 2023. The decrease was mainly attributable to decreases of (i) RMB14.4 million in costs associated with virtual sports events; (ii) RMB9.8 million in content related costs as the Company optimized IP costs associated with third party influencer partnerships; and (iii) RMB5.4 million in employee benefit costs (including related share-based compensation expenses) mainly due to the fluctuation of share-based compensation expenses.
Cost of advertising and others was RMB76.4 million for the six months ended June 30, 2024, representing a 68.5% increase from RMB45.3 million for the six months ended June 30, 2023, mainly attributable to an increase of RMB23.9 million in advertising production costs associated with the expanded advertising services the Company offers and relatively higher cost of certain offline advertising activities.
Gross profit and gross profit margin
Gross profit was RMB477.3 million for the six months ended June 30, 2024, representing a 12.7% increase from RMB423.7 million for the six months ended June 30, 2023.
Gross profit margin was 46.0% for the six months ended June 30, 2024, representing a 3.0 percentage points increase from 43.0% for the six months ended June 30, 2023, mainly attributable to an increase in gross profit margin from online membership and paid content and self-branded fitness products.
Gross profit of self-branded fitness products increased by 21.6% from RMB130.1 million for the six months ended June 30, 2023 to RMB158.2 million for the six months ended June 30, 2024, mainly attributable to the increase in the sales of self-branded fitness products and improvement in gross profit margin.
Gross profit of online membership and paid content increased by 10.1% from RMB269.4 million for the six months ended June 30, 2023 to RMB296.6 million for the six months ended June 30, 2024, as the Company generated higher sales from membership subscription with optimized content related cost.
Gross profit of advertising and others decreased by 6.7% from RMB24.1 million for the six months ended June 30, 2023 to RMB22.5 million for the six months ended June 30, 2024, primarily due to the relatively higher cost of certain offline advertising activities.
Fulfillment expenses
Fulfillment expenses were RMB61.9 million for the six months ended June 30, 2024, representing a 25.8% decrease from RMB83.4 million for the six months ended June 30, 2023, primarily due to optimized warehousing, packaging and delivery expenses.
Selling and marketing expenses
Selling and marketing expenses were RMB323.4 million for the six months ended June 30, 2024, representing a 25.8% increase from RMB257.1 million for the six months ended June 30, 2023, primarily due to increase in promotional and advertising expenses associated with more marketing activities for brand promotion and user acquisition.
Administrative expenses
Administrative expenses were RMB90.5 million for the six months ended June 30, 2024, representing a 19.3% decrease from RMB112.0 million for the six months ended June 30, 2023, primarily attributable to decreases of (i) RMB14.6 million in expected credit loss in accounts receivables because the Company optimized the receivables management measures; and (ii) RMB7.2 million in administrative personnel costs (including related share-based compensation expenses), mainly due to the fluctuation of share-based compensation expenses.
Research and development expenses
Research and development expenses were RMB195.7 million for the six months ended June 30, 2024, representing a 19.6% decrease from RMB243.4 million for the six months ended June 30, 2023, primarily attributable to decreases of (i) RMB39.6 million in research and development personnel costs (including related share-based compensation expenses); (ii) RMB4.6 million in cloud computing service fees; and (iii) RMB2.1 million in outsourcing and other labor costs.
Fair value changes of convertible redeemable preferred shares
Fair value changes of convertible redeemable preferred shares was RMB1.4 billion for the six months ended June 30, 2023. The change in the fair value of convertible redeemable preferred shares was primarily attributable to the changes in the valuation of the Company. The Company did not record any further fair value changes of the convertible redeemable preferred shares following the listing of the shares of the Company on the Main Board of the Stock Exchange (the “Listing”) as preferred shares liabilities were redesignated and reclassified from liabilities to equity after automatically converting into ordinary shares upon the Listing.
(Loss)/profit
Net loss was RMB163.4 million for the six months ended 2024, compared with a net profit of RMB1.2 billion for the six months ended June 30, 2023. Net profit for the six months ended June 30, 2023 was primarily due to fair value changes of convertible redeemable preferred shares.
Adjusted net loss (non-IFRS measure)
Adjusted net loss (non-IFRS measure) was RMB160.7 million for the six months ended 2024, compared to RMB223.1 million for the six months ended June 30, 2023.
Liquidity and capital resource
We had cash and cash equivalents of RMB1.4 billion as of June 30, 2024, as compared to RMB1.6 billion as of December 31, 2023. The decrease was primarily due to the use of cash for operating and financing activities. Most of the Company’s cash and cash equivalents were denominated in Renminbi while most of the time deposits were denominated in U.S. dollars.
Share repurchase programs
Under the HK$16 million and HK$100 million Share Repurchase Programs announced on February 14, 2024 and May 20, 2024, respectively, as of June 30, 2024, the Company repurchased a total of 5,256,200 shares of the Company on the Stock Exchange at the aggregate consideration of HK$35.49 million before expenses.
Outlook
2024 will mark a year of comprehensive upgrades for Keep platform with continued execution of the strategies. The Company will continue to promote synchronized improvements in scale and efficiency. While overall consumer confidence is gradually recovering, the Company recognizes that both opportunities and challenges exist. Keep will continue to invest in several key areas: (i) enhance overall online offerings; (ii) further explore the outdoor category by enriching member privileges, leveraging the value of fitness data, and actively expanding its offline presence; (iii) expand AI-driven overseas fitness app portfolio to deliver innovative fitness experiences; and (iv) promote the growth of self-branded fitness products. In addition, Keep will continue to actively seek collaboration opportunities along the industry chain to increase commercial value across our ecosystem, ensuring sustainable long-term development.
Conference Call
The Company’s management will host an earnings conference call at 8:00 p.m. Beijing Time on August 23, 2024.
Participants who wish to join the call should follow the following method:
1) Please click on the call link and complete the online registration form. Kindly register at least one working day before the event.
https://register.vevent.com/register/BI0e1af0f1c86f4526ac796550f5b10a03
2) Upon registering you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.
3) Select a method for joining the call:
Dial-In: A dial in number and unique PIN are displayed to connect directly from your phone.Call Me: Enter your phone number and click “Call Me” for an immediate callback from the system. The call will come from a US number, and this function is only applicable for participants outside China.
4) Please dial in 15 minutes before the call is scheduled to begin and provide the personal PIN to join the call.
Additionally, a live and archived webcast of the conference call will be available at https://ir.keep.com/en/news_events.php.
About Keep Inc.
Keep Inc. (HKEX Stock Code: 3650) is the largest online fitness platform in China in terms of MAUs and number of workout sessions completed by users in 2022, according to CIC. Keep offers a comprehensive fitness solution to help users achieve their fitness goals. On the Keep platform, extensive, professional, and premium fitness content with diverse activities and services are offered to encourage users to engage in daily exercise. Keep platform leverages AI technology to provide personalized workout programs incorporating recorded courses and interactive live streaming classes, dynamically customized to each user’s athletic levels, fitness goals, daily workout patterns and diet. Keep’s services seamlessly connect the physical and digital realms, spanning smart devices, workout equipment, athletic apparel and food to provide an immersive fitness experience.
For more information on Keep Inc., visit https://keep.com/.
Forward-looking Statements
This press release contains forward-looking statements relating to the business outlook, estimates of financial performance, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realised in the future. Underlying these forward-looking statements are a lot of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the board of directors of the Company or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements.
Non-IFRS Measures
To supplement our consolidated financial statements, which are presented in accordance with IFRS Accounting Standards as issued by the IASB, we also use adjusted net loss as an additional financial measure, which is not required by, or presented in accordance with, IFRS Accounting Standards.
The Company’s management believe adjusted net loss provides useful information to investors and others in understanding and evaluating our consolidated results of operations in the same manner as they help our management. However, our presentation of adjusted net loss may not be comparable to similarly titled measures presented by other companies. The use of adjusted net loss has limitations as an analytical tool, and you should not consider it in isolation from, or as a substitute for an analysis of, our results of operations or financial condition as reported under IFRS Accounting Standards.
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
Six months ended June 30,
2024
2023
RMB’000
RMB’000
(Unaudited)
(Unaudited)
Revenues
1,037,343
984,656
Cost of revenues
(560,021)
(560,985)
Gross profit
477,322
423,671
Fulfillment expenses
(61,921)
(83,431)
Selling and marketing expenses
(323,412)
(257,103)
Administrative expenses
(90,455)
(112,044)
Research and development expenses
(195,690)
(243,371)
Other income
3,809
10,312
Other gains, net
2,531
3,320
Operating loss
(187,816)
(258,646)
Finance income
25,834
24,755
Finance expenses
(1,371)
(3,246)
Finance income, net
24,463
21,509
Fair value changes of convertible redeemable
preferred shares
–
1,432,261
(Loss)/profit before income tax
(163,353)
1,195,124
Income tax expense
–
–
(Loss)/profit for the period
(163,353)
1,195,124
(Loss)/earnings per share (expressed in RMB per
share)
Basic
(0.35)
8.64
Diluted
(0.35)
(0.52)
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at
June 30,
As at
December 31,
2024
2023
RMB’000
RMB’000
(Unaudited)
(Audited)
ASSETS
Non-current assets
Property and equipment
13,076
17,982
Right-of-use assets
44,503
62,256
Intangible assets
9,869
11,561
Financial assets at fair value through profit or loss
52,167
13,519
Other non-current assets
55,312
51,994
174,927
157,312
Current assets
Inventories
182,057
121,380
Accounts and notes receivables
264,636
228,279
Prepayments and other current assets
202,316
174,842
Financial assets at fair value through profit or loss
69,111
65,199
Short-term time deposits
56,760
88,960
Cash and cash equivalents
1,376,029
1,612,769
2,150,909
2,291,429
Total assets
2,325,836
2,448,741
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at
June 30,
As at
December 31,
2024
2023
RMB’000
RMB’000
(Unaudited)
(Audited)
EQUITY
Share capital
168
168
Other reserves
8,170,955
8,187,464
Accumulated losses
(6,477,836)
(6,314,483)
Total equity
1,693,287
1,873,149
LIABILITIES
Non-current liabilities
Lease liabilities
14,940
32,453
Other non-current liabilities
5,505
10,968
20,445
43,421
Current liabilities
Accounts payables
233,674
157,417
Accrued expenses
209,285
177,355
Other current liabilities
40,144
57,838
Contract liabilities
97,633
93,280
Borrowings
–
10,009
Lease liabilities
31,368
36,272
612,104
532,171
Total liabilities
632,549
575,592
Total equity and liabilities
2,325,836
2,448,741
The following table reconciles the adjusted net loss for the periods presented to the most directly comparable financial measure calculated and presented in accordance with IFRS Accounting Standards, which is (loss)/profit for the six months ended June 30, 2024 and 2023:
For the six months ended June 30,
2024
2023
RMB’000
RMB’000
(Unaudited)
(Unaudited)
Reconciliation of (loss)/profit to adjusted net loss
(Non-IFRS measure):
(Loss)/profit for the period
(163,353)
1,195,124
Adjustments for:
Share-based payment expenses
2,663
13,994
Fair value changes of convertible redeemable
preferred shares
–
(1,432,261)
Adjusted net loss for the period
(Non-IFRS measure)
(160,690)
(223,143)
View original content:https://www.prnewswire.com/news-releases/keep-inc-announces-2024-interim-results-302229389.html
SOURCE Keep Inc.
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Axon Announces Body 5: Next-Generation Camera Built for the AI Era
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October 24, 2026By
Axon Body 5 delivers 25x the AI processing power of earlier-generation cameras, with upgraded connectivity, audio and battery life to support real-time situational awareness in the field
SCOTTSDALE, Ariz., Oct. 24, 2026 /PRNewswire/ — Axon (Nasdaq: AXON), the global leader in public safety technology, today announced Axon Body 5, its newest body-worn camera designed to bring more powerful intelligence, connectivity and real-time support directly to officers in the field.
For years, Axon body cameras have helped agencies capture critical evidence and create greater transparency. Body 5 is built to help officers during the call, with information, assistance and backup on the spot.
“Officers shouldn’t have to choose between getting information and watching the scene. With Axon Body 5, they don’t,” said Rick Smith, Axon Founder and CEO. “They capture a license or document with the camera, keep their hands free and eyes up, and get information faster than writing it down and calling it in by radio. An officer fully engaged with the person in front of them, not down at a notepad, is a safer officer and a better-served community.”
Axon Body 5: Built for the AI Era
Built from the ground up for the AI era, Axon Body 5 delivers 25x the AI processing power than earlier generation Axon body cameras, alongside advancements in connectivity, audio, video and battery life. Together, these upgrades give the camera the physical power to run smarter AI features — both today and as new AI tools are developed in the future — while also making it more dependable for officers to use every day.
For the first time, Axon is also introducing two versions of its latest flagship camera: Axon Body 5 and Axon Body 5 Pro.
Both models feature several key advancements, including:
25x more processing power for AI: A powerful new computing architecture creates the capacity to support current and future AI features directly on the body camera.Enhanced video: Improved video captures clearer evidence across challenging environments, including better low-light performance.Improved connectivity: Seamless connectivity in urban and remote environments – and more precise location capability – helps officers, cameras and remote support teams stay connected when timely information matters most.Longer battery life: 20% more battery life than the previous generation helps keep the camera ready and connected throughout an officer’s shift.
The Axon Body 5 Pro will continue to gain new AI capabilities as they become available, growing along with the AI Era Plan. Additionally, new hardware features include:
A near-focus camera: An additional dedicated camera lens lets officers scan driver’s licenses to check status and search for wants or warrants in seconds, without returning to the patrol vehicle, with relevant information sent to Axon Fusus to support real-time operations.Front-facing speakers: Four additional speakers project even more powerful audio toward the person an officer is speaking with, helping real-time translations from Axon Assistant carry more clearly over heavy traffic or crowd noise. Additional memory: Extra space lets the camera run several AI tools at once, helping officers stay better informed and work faster.
Bringing More of Axon’s AI Era Into the Field
Axon Body 5 helps officers get more out of the Axon AI Era Plan by bringing smart tools right to the scene. Axon’s portfolio already supports public safety professionals across a growing range of tasks. For example, Draft One helps officers turn body-camera audio into high-quality report drafts and Axon Assistant provides voice-based information access and real-time translation.
Increasingly, Axon is also bringing AI into real-time operations.
Axon Guardian is a new category of AI features within the AI Era Plan that was specifically created to work with an officer’s field-based devices – starting with body cameras and in-car cameras – to improve safety. Guardian is designed to flag potential risks as situations unfold and create alerts when additional attention may be needed. Two of the first features include:
Escalation Detection: When an Axon Body 4 or Axon Body 5 camera is activated and recording, Guardian has the ability to detect potential conflicts in real time and create an alert in Axon Fusus. A human reviews the livestream and decides if additional support or action is needed.Approach Alert: When active on Axon Fleet 3, Guardian can detect if the door of a stopped vehicle opens and alert the officer through the in-car display and their body-worn camera.
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Innovating Responsibly
Axon’s Responsible Innovation framework guides the development of all of its products. Designed with this in mind, Axon Body 5 and Guardian prioritize human oversight and maintain agency control over data. As a key part of the responsible innovation process, Axon’s independent Ethics and Equity Advisory Council was created to help responsibly develop and deploy new technologies with transparency, while aligning with community expectations.
General availability dates for Axon Body 5 and Axon Guardian will be announced soon. Product features and capabilities vary by configuration. For more information on Axon’s current products and services: Axon Product Catalog – Axon.com.
About Axon
Axon (Nasdaq: AXON) is the global leader in public safety technology supporting state, local, federal and international public safety agencies with technology designed to Protect Life. Complementing its mission, Axon’s growing Enterprise market focuses on protecting critical infrastructure and frontline workers across multiple industries including corporate security, hospitality, retail and healthcare. Founder-led since 1993, Axon builds products with transparency and responsibility. From TASER energy devices to today’s connected network of hardware – including cameras, drones, and robotics – cloud software, sensors, and AI-tools, the Axon ecosystem helps seamlessly protect people and places when it matters most. To ensure these technologies align with community expectations, Axon’s independent Ethics & Equity Advisory Council guides the ethical, inclusive, and accountable design of its products and services. Learn more about the EEAC and Axon’s Responsible Innovation framework at Axon Responsibility.
Non-Axon trademarks are the property of their respective owners. Axon, TASER and the Delta Logo are trademarks of Axon Enterprise, Inc., some of which are registered in the US and other countries. For more information, visit www.axon.com/legal. All rights reserved.
Please visit https://investor.axon.com and https://www.axon.com/newsroom for more information.
Media Contact:
Kate MacKinnon
Vice President, Communications
press@axon.com
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SOURCE Axon
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In HelloNation, Custom Fabrication Expert Mark Coyle Explains a Common Mistake in Custom Aluminum Design
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October 24, 2026By
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ROCHESTER, N.Y., Oct. 24, 2026 /PRNewswire/ — What early design choice causes many custom aluminum projects to become heavier, costlier, or harder to manufacture? That question is addressed in a HelloNation article featuring insights from Custom Fabrication Expert Mark Coyle of American Custom Metals, Inc. in Rochester, New York, that outlines how misunderstanding aluminum behavior leads designers to rely on thick walls instead of stronger geometry.
The article begins by explaining that many people assume thicker walls automatically make aluminum parts stronger. It notes that aluminum does not respond to wall thickness the way steel does. Instead, its performance is shaped by how the metal flows through the extrusion die. The article states that custom aluminum design is more effective when profiles use ribs, chambers, and flanges to create stiffness without adding unnecessary weight. This guidance helps readers understand why adding material often increases cost without improving strength.
The article also highlights that thicker walls change how aluminum moves during extrusion. When heavy areas fill more slowly, the metal cools unevenly and can develop stress that only appears later. The HelloNation piece explains that well-balanced geometry keeps extrusion smooth and predictable. This consistency makes it easier to maintain dimensional accuracy across long production runs. By focusing on geometry, custom aluminum design avoids the problems that come with slow extrusion speeds and uneven cooling.
Another insight in the article centers on how ribs and internal supports influence stability. It describes how a thin wall supported by a properly placed rib often performs better than a thick wall with no reinforcement. This happens because the rib helps distribute load, improve stiffness, and guide the aluminum as it cools. The article explains that this structural approach makes custom aluminum design more efficient and gives designers more control over how the final part behaves under pressure.
The article also shows why early collaboration between designer and fabricator prevents costly changes. It states that a fabricator familiar with extrusion can catch potential issues before a die is built. Small adjustments to corners or transitions can remove weak points or improve metal flow. The article notes that this teamwork keeps the design aligned with real-world production. By working together early, both sides reduce the risk of redesigning the die after the first test run.
Machining is another area where the article explains how wall thickness affects performance. Features such as deep pockets or sharp internal angles may require slow feed rates or special tooling. When walls are thicker than needed, those areas can become difficult to machine cleanly. The article states that thoughtful custom aluminum design makes machining more predictable. Small changes, such as adding radiused edges or sizing features to match standard tools, help shorten cycle times and prevent tool wear.
Thermal behavior receives detailed attention as well. The article explains that aluminum retains heat differently depending on the mass of each section. Thicker walls hold heat longer, which increases the chance of distortion during extrusion, machining, or finishing. When a design uses geometry to create strength, the material cools more evenly. This reduces warping and helps long profiles stay aligned. The article notes that stable cooling is important for components that require a precise fit and consistent shape throughout an entire production run.
Cost is also a key topic in the article. It states that heavier profiles increase material use, extrusion time, and tooling needs. A custom aluminum design that relies on geometry instead of mass lowers material consumption and keeps the fabrication process efficient. The article explains that lighter parts are easier to handle, ship, and assemble. This saves money across multiple stages of production and supports long-term manufacturing efficiency.
The article also notes that smart custom aluminum design creates profiles that behave predictably during extrusion and machining. Smooth transitions, balanced wall dimensions, and structural features help reduce the chance of distortion or dimensional drift. These elements also lower scrap rates and support reliable performance. By using geometry instead of excess material, designers build parts that maintain strength without compromising manufacturability.
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A Common Mistake in Custom Aluminum Design features insights from Mark Coyle, Custom Fabrication Expert of Rochester, NY, in HelloNation.
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World Young Scientist Summit 2026 Opens in Wenzhou, Zhejiang
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6 hours agoon
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WENZHOU, China, Oct. 24, 2026 /PRNewswire/ — This is a report by China Daily:
On October 24, the World Young Scientist Summit 2026 opened in Wenzhou, Zhejiang. The event is hosted by the China Association for Science and Technology (CAST), the Zhejiang Provincial People’s Government, and the World Association of Young Scientists. Nearly 800 representatives, including scientists, educators, and entrepreneurs from more than 60 countries and regions, are attending the summit.
He Junke, Vice President of CAST in charge of daily work and First Secretary of its Secretariat; Lian Yimin, Chairman and Party Group Secretary of the Zhejiang Provincial Committee of the Chinese People’s Political Consultative Conference; Marcelo Knobel, Executive Director of The World Academy of Sciences; and Zhang Zhenfeng, Member of the Standing Committee of the CPC Zhejiang Provincial Committee and Secretary of the CPC Wenzhou Municipal Committee, attended the summit and delivered remarks. Yao Gaoyuan, Vice Governor of the Zhejiang Provincial People’s Government, presided over the first segment of the plenary session.
With the theme “Gathering Talents Worldwide to Create a Better Future,” the summit’s annual agenda is “Global Youth Action in the AI Era: Building a Sustainable Future.” It aims to draw on the insights of young people around the world, deepen international sci-tech cooperation, and jointly address questions about young people, science, the world and the future.
Efim Zelmanov, Fields Medalist and Foreign Member of the Chinese Academy of Sciences; Chen Yunji, Deputy Director of the Institute of Computing Technology, CAS, and Director of the National Key Laboratory of Processor Chips; Mary Garson, President of the International Union of Pure and Applied Chemistry; and Lu Chaoyang, Member of the Standing Committee of CAST, Executive Dean of the Shanghai Institute of Advanced Study, University of Science and Technology of China, and Chairman of the Council of the World Association of Young Scientists, delivered keynote speeches respectively on education reform in the AI era, AI and processor chips, young women scientists’ participation in science, and quantum computing. They explored new opportunities for scientific research, talent cultivation, and international cooperation in the AI era.
This year’s summit placed greater emphasis on the growth needs of young scientists, with young talents under the age of 45 accounting for 88 percent of participants. It aimed to build a cluster of international journals, bring together young scientific talent, facilitate a batch of international collaborative projects and advance the application and commercialization of scientific and technological achievements. The summit released the Report on the Distribution and Mobility of Young Scientists in the Field of Embodied Intelligence, launched the World Young Scientist Summit Partner Journal Program and the 2026 World Young Scientist Innovation and Entrepreneurship Growth Support Program. It also published the “Young Scientist Pioneers 2035” list and announced the 2026 Sustainable Development Young Scientist Award. The awards were presented to four Chinese and foreign scientists.
Chen Tianrun, Founder of Hangzhou Moxin Technology Co., Ltd.; Yuan Yang, Assistant to the Dean of the Institute for Interdisciplinary Information Sciences at Tsinghua University; and two of the 2026 Sustainable Development Young Scientist Award winners, César de la Fuente and Nicola Segata, among other Chinese and foreign young scientist representatives, spoke at the flash-talk session to share their research practices and reflections.
In addition, the conference focused on fields such as future manufacturing, quantum information, embodied intelligence, brain-computer intelligence, environmental science, deep-sea resources, and life and health, and held 12 parallel forums. It also included the “Gravitation π” Future Technology and Concept Products Exhibition and Exchange, local thematic side events, and sci-tech and humanities study visits, further building an interdisciplinary, cross-regional and cross-sector platform for youth sci-tech exchange and cooperation.
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SOURCE China Daily
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