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TCL Electronics (01070.HK) Achieves Nearly 150% YoY Growth in Adjusted Net Profit in 1H 2024

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Mid-to-High-End and Globalisation Strategies Yields Tangible Results
Significantly Enhancing Profitability

Results Highlights

TCL Electronics’ mid-to-high-end and globalisation strategies yielded tangible results, enhancing its profitability significantly, during the first half of 2024, its revenue grew by 30.3% year-on-year (“YoY”) to HK$45.5 billion, its adjusted profit attributable to owners[1] grew by 147.3% YoY to HK$654 millionIn the first half of 2024, shipment of TCL TV grew by 9.2% YoY to 12.52 million sets, and its market share in terms of shipment increased by 0.9 percentage points YoY to 13.3%, ranking among the top two in the world[2]Shipment of TCL’s mid-to-high end products, QLED TV and Mini LED TV, recorded high YoY increases of 64.4% and 122.4% respectively, with Mini LED TV maintaining leading position worldwide in terms of shipmentInnovative business becomes a new growth driver, with revenue surging by 60.6% YoY to HK$14.0 billion, and gross profit growing by 64.1% YoY to HK$2.0 billionPhotovoltaic business achieved exponential growth, with revenue and gross profit surging 212.7% and 322.5% YoY to HK$5.3 billion and HK$542 million respectively, and the gross profit margin improving by 2.7 percentage points YoY to 10.3%

HONG KONG, Aug. 23, 2024 /PRNewswire/ — TCL Electronics Holdings Limited (“TCL Electronics” or the “Company”, 01070.HK) today announced its interim results for the six months ended 30 June 2024. During the reporting period, TCL Electronics continued to promote its mid-to-high-end and globalisation strategies. The Company’s revenue grew by 30.3% YoY to HK$45.5 billion in the first half of 2024, with the revenue from the innovative business surging by 60.6% YoY to HK$14.0 billion, achieving continuous increase in its diversified revenue and significant enhancement of its profitability.

TCL Electronics demonstrated continuous improvements in operational efficiency, resulting in a reduction of expenses across multiple areas. The Company’s administrative expense ratio decreased by 1.1 percentage points YoY to 4.1%, while the selling and distribution expense ratio decreased by 0.9 percentage points to 9.6%, attributed to the Company’s adherence to a precision marketing strategy. The overall expense ratio decreased by 2.0 percentage points YoY to 13.7%. As a result of the Company’s commitment to a solid operational practices, its adjusted net profit attributable to owners of the parent experienced a significant 147.3% YoY increase, amounting to HK$654 million, showing a significant improvement in the quality of operations.

Meanwhile, TCL Electronics has consistently maintained high dividend payout policy to reward shareholders since 2017, with a dividend payout ratio[3] of 50.0% in 2023.

Capturing Large-Screen Market Opportunities, Performance of Large-Sized Display Business Far Outperforming Industry

Benefitting from the surge in demand from major sporting events such as the Euro Cup and the Olympic Games in the European and American TV markets, shipment of global TV industry increased by 1.9% YoY in the first half of 2024[2]. Through the precise marketing on the sporting events by the Company, global shipment of TCL TV reached 12.52 million sets in the first half of 2024, representing a YoY increase of 9.2%, steadily ranking among the top two[2] in the world. Among which, shipment of large-sized and mid-to-high-end TCL TV grew significantly, the global shipment of TCL TV of 75-inch and above grew by 34.5% YoY, while the global shipment of TCL Mini LED TV surged by 122.4% YoY. Sales volume growth of large-sized and mid-to-high-end TV drove the revenue of the Company’s large-sized display business to increase by 23.2% YoY to HK$25.9 billion.

Regarding the PRC market, the retail sales volume of the domestic TV market declined by 10.7% YoY in the first half of 2024 due to the sustained decreased in domestic demand[4]. Nevertheless, TCL Electronics leveraged policy opportunities such as “trade-ins of consumer goods” and achieved upward breakthroughs in product mix upgrade through the TCL brand while targeting younger demographics with the Falcon brand, the shipment of TCL TV in the PRC market grew by 5.4% YoY in the first half of 2024, defying industry trends, and revenue increased by 21.1% YoY to HK$8.4 billion. Meanwhile, the Company made further advancements in the mid-to-high-end market. The shipment of TCL TV of 75-inch and above in the PRC market grew by 17.7% in the first half of 2024, with corresponding proportion increasing by 3.5 percentage points to 33.2%. Shipment of TCL Mini LED TV surged by 120.1% YoY, with corresponding proportion increasing by 4.5 percentage points to 8.6%, and retail sales volume consistently ranking the first in the PRC market[4].

TCL Electronics’ performance in the international market was particularly outstanding. In the first half of 2024, shipment of TCL TV in international market increased by 10.4% YoY, and revenue increased by 24.2% YoY to HK$17.6 billion. Notably, the shipment of 75-inch and above TVs and TCL Mini LED TVs saw significant growth of 77.9% and 124.7% YoY, respectively, leading to further optimisation of the product mix. Through precise investments in brand marketing and expand and deepen the coverage of key channels across multiple regions, including North America, Europe, and emerging markets. TCL TV ranked steadily among the top five in terms of sales volume in nearly 30 countries overseas, according to data from GfK and Circana.

Continuous Growth for Internet Business and Innovative Business, Further Enhancing Profit Contribution

Internet Business

In the first half of 2024, internet business revenue reached HK$1.2 billion, representing a YoY increase of 8.9%, and the gross profit margin was maintained at a high level of 54.0%.

As an innovator in the OTT field in the PRC market, TCL Electronics upgraded the “TCL LINGKONG UI 2.0”, which greatly enhanced the convenience and comfort of use, providing users with more personalised services. Meanwhile, the Company has created its proprietary IP of “Lei Dong Dong”(”雷咚咚”) based on the AI large-language model and cooperated with leading children’s IPs to develop AI animation for children’s education. In the first half of 2024, domestic internet business generated revenue of HK$870 million, maintaining a stable performance.

Regarding the international market, the Company continued to strengthen its close cooperation with prominent internet giants such as Google, Roku and Netflix, while continued to make breakthroughs in its business model, the average daily consumption time[5] spent on its self-developed content products for June 2024 doubled YoY and traffic monetisation capacity further enhanced. As at the end of June 2024, TCL Channel, an integrated content application, has covered 60 countries in North America, Europe, Central and South America, Asia Pacific and other regions, with a total of nearly 25 million cumulative users. During the period, internet business revenue from the international market amounted to HK$342 million, representing a significant YoY increase of 51.2%.

Innovative Business

In the first half of 2024, the Company adhered to the “Relatively Light Asset” model in operating the photovoltaic business, achieved quality growth in business scale through refined operations by strengthening core competencies in products, digitisation, engineering technology, finance and distribution channels. During the reporting period, the revenue of the photovoltaic business surged by 212.7% to HK$5.3 billion, while gross profit increased significantly by 322.5% YoY to HK$543 million, and gross profit margin improved by 2.7 percentage points to 10.3%. As of the end of June 2024, the photovoltaic business has covered 23 key provinces and cities in the PRC, with over 150 cumulative industrial and commercial contracted projects, over 1,200 cumulative channel distributors, and more than 70,000 cumulative contracted rural households. For the overseas markets, the Company will strategically identify the optimal path to globalisation, focus resources on channels, localise operations in markets where it has advantages, to transform its domestic photovoltaic power station business into an integrated global new energy solution provider.

Leveraging the global brand influence accumulated by the display business over the years and the trans-regional market channels, TCL Electronics’ global brand distribution business of smart products, such as air conditioners, refrigerators, and washing machines, has maintained rapid growth. In the first half of 2024, the all-category marketing revenue increased by 27.7% YoY to HK$7.8 billion, with gross profit increased by 37.1% YoY to HK$1.3 billion, and the distribution gross profit margin improved by 1.1 percentage points YoY to 16.3%. In addition, RayNeo, a company internally incubated by the Company, launched RayNeo Air2s, the first AR glasses that has passed the ZREAL certification for ultra-high-definition video quality during the first half of 2024. During the 618 (18 June) Shopping Festival, RayNeo smart glasses secured the top positions in both sales volume and sales revenue on both JD.com and Tmall, demonstrating its market leadership.

Outlook: Expanding Scale and Strengthening Operations, Continuous Strengthening of Capabilities, High-Quality Development Driven by Globalisation

In the second half of 2024, TCL Electronics will vigorously pursue strategies centered at “Scale Expansion, Strong Operation, Organisation Activation, and Globalisation”, striving to achieve high-quality development with “net profit growth>gross profit growth>revenue growth”. While stabilising the mid-to-low-end market, the Company will continue to break through the mid-to-high-end market, deepen its overseas retail, channel, and marketing capabilities, and strengthen its global branding advantages. It will also strive for extreme operational efficiency, continuously improve its global organisational capabilities, and strengthen its data-driven operations to comprehensively assist in lowering costs, increasing efficiency, and enhancing user experience. Moreover, the Company will adhere to the globalisation of operations, achieving local or nearby supply of products through global production capacity deployment, fostering global talent cultivation to ensure the global deployment of local talents, and promoting global localisation of brand marketing to effectively enhance the global brand influence.

Looking forward, the Company will adhere to the strategy of “Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality”, focus on strengthening core competencies in product power, marketing power, operation power, and organisational power, and promote the long-term sustainable development of the Company’s core businesses, such as the display business and internet business, as well as the innovative business. The Company will continue to deepen its “Globalisation” and “Technologisation” layout, moving towards the goal of becoming a “world-leading smart device enterprise”.

About TCL Electronics

 TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) was listed on the mainboard of the Hong Kong Stock Exchange in November 1999. It is engaged in display business, innovative business and internet business. TCL Electronics actively transforms and innovates under the strategy of “Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality”. Focusing on the mid-to-high-end markets around the world, the Company strives to consolidate the “Intelligent IoT Ecosystem” strategy and is committed to providing users with an all-scenario smart and healthy life while developing into a world-leading smart technology company. TCL Electronics is part of the Shenzhen-Hong Kong Stock Connect program and is included in the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite MidCap & SmallCap Index and the Hang Seng Corporate Sustainability Benchmark Index. Besides, it has received Hang Seng Index’s ESG rating of A for consecutive years since 2018.

For more information, please visit the investor relations web page of TCL Electronics at http://electronics.tcl.com or follow the WeChat Official Page of TCL Electronics investor relations.

[1] Adjusted net profit attributable to owners of the parent is defined as net profit attributable to owners of the parent after adding back the following adjustments: (i) (gain)/loss from investment companies, net; (ii) (gain)/loss on disposal and liquidation of subsidiaries, net; (iii) (gain)/loss related to call options and put options, net; (iv) (gain)/loss on disposal of non-current assets, net.; and (v) income tax effect.

[2] Data source: Omdia, 1H 2024.

[3] Dividend payout ratio was calculated with adjusted net profit attributable to owners as the denominator.

[4] Data source: CMM’s omni-channel, H1 2024.

[5] The average daily consumption time is calculated by taking the sum of the daily active users multiplied by the average daily usage hours within the month, and divided by the number of days in the month.

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SOURCE TCL Electronics Holdings Limited

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Axon Announces Body 5: Next-Generation Camera Built for the AI Era

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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.

Combined, Axon Body 5 and the expanding AI Era portfolio demonstrate the importance of AI as a critical resource to assist public safety professionals before, during and after an incident — reducing administrative burden, improving situational awareness and helping protect more lives.

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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In HelloNation, Custom Fabrication Expert Mark Coyle Explains a Common Mistake in Custom Aluminum Design

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The article explains why smart geometry, not thicker walls, creates stronger, more efficient aluminum components.

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.

As the article concludes, it emphasizes that avoiding thick walls is one of the best ways to improve performance and lower cost. It states that the most dependable custom aluminum components come from designs that use structural features to strengthen the profile. When designers understand how aluminum behaves at each stage of extrusion and machining, they create parts that are strong, efficient, and consistent from batch to batch. This approach turns custom aluminum design into a predictable process rather than a series of uncertain adjustments.

A Common Mistake in Custom Aluminum Design features insights from Mark Coyle, Custom Fabrication Expert of Rochester, NY, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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World Young Scientist Summit 2026 Opens in Wenzhou, Zhejiang

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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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