Press Release
Resilience and Growth of LESSO Amid Industry Challenges
China, 5th Nov 2024 – Against the backdrop of a weak global economic recovery, sluggish demand in China has posed significant challenges to various industries, particularly the real estate sector and its associated supply chains, which continue to operate at low levels. In such an environment, a company’s resilience and innovation capacity become increasingly crucial. The ability to seek breakthroughs in adversity and identify new growth opportunities amid challenges has become a key measure of a company’s competitiveness.
On August 29, LESSO released its interim report for 2024.
In the first half of the year, the company achieved a revenue of RMB 13.564 billion and a gross profit of RMB 3.728 billion, with a gross margin of 27.5%, remaining relatively stable compared to the same period last year.
Overall, the industry’s downturn continues to have a negative impact on LESSO, in line with market expectations. Notably, through timely price adjustments and cost control, the company has maintained a stable gross margin, reflecting its strong market adaptability and highlighting its leading position and sound business strategy in the industry.
1. Focus on Core Business and Diversification of Pipe Products
An analysis of the company’s business structure reveals that “focusing on core business” has been the foundation of LESSO’s stable growth.
In the first half of the year, the company’s plastic pipe system business generated a revenue of RMB 11.219 billion, accounting for 82.7% of the group’s total revenue, an increase of 2.7 percentage points compared to the same period last year. This was achieved through flexible sales strategies and effective cost controls, including optimized supply chain management, enhanced production automation, and advanced cost accounting systems, all of which helped reduce production costs and improve cost efficiency. As a result, despite weak external demand, the core business has remained stable.
At the same time, leveraging its leading position and refined internal cost control, the company ensured the gross margin of the plastic pipe business remained steady, with a gross margin of 29.5% in the first half, nearly unchanged from 30% in the same period last year.
Looking ahead, as the plastic pipe industry matures, the era of stock competition will inevitably lead to further concentration within the sector.
In this competitive market environment, leading companies like LESSO can capitalize on economies of scale to continuously reduce costs, while small and medium-sized enterprises may struggle to replicate such strategies. As outdated, low-end capacities are gradually phased out, market share will increasingly concentrate in the hands of industry leaders.
Moreover, under the theme of high-quality development, the market is becoming more mature. Poor-quality products will no longer find a foothold, and product quality will become the key to securing orders. Only industry leaders can ensure both quality and cost-effectiveness, allowing them to succeed in fierce market competition.
For industry leaders like LESSO, this presents a promising long-term growth opportunity.
Currently, the real estate sector remains at the bottom of its cycle, and its impact on the plastic pipe industry is unlikely to reverse in the short term.
In response, LESSO has actively pursued horizontal and vertical innovation across multiple fields, diversifying its pipe product offerings and developing new products to reduce its dependence on the real estate market. By tapping into high-potential sectors, such as hydrogen and oil pipelines, the company is expanding its market.
Take hydrogen pipeline as an example, under the guidance of carbon neutrality goals, the demand for renewable energy continues to rise. For hydrogen energy, storage and transportation technologies are key to its large-scale commercialization, driving corresponding market demand. It is estimated that by 2030, China’s hydrogen pipeline network will exceed 5,000 kilometers.
However, hydrogen transportation pipelines face several challenges, especially in material selection. LESSO’s innovative RTP flexible composite hydrogen pipelines meet industry standards, addressing a critical gap in the domestic market.
With its strong technical reserves and industry expertise, LESSO is well-positioned to provide high-quality solutions for hydrogen, oil, and other downstream applications, supporting industry upgrades while unlocking long-term growth potential for itself.
2. Going Global and Seeking New Growth Drivers
In the current global economic landscape, weak domestic demand has become a common challenge for many industries. In this context, companies are increasingly looking overseas for new growth drivers, and LESSO is no exception.
In the first half of the year, LESSO’s overseas market revenue reached RMB 1.323 billion, a year-on-year increase of 15%, raising the share of overseas revenue from 7.5% last year to 9.8% this year. The core plastic pipe business also grew by 3.8% overseas, reaching RMB 522 million.
This demonstrates that LESSO’s overseas expansion strategy has become an important growth driver for the company.
To date, LESSO has established production bases in countries such as Indonesia, Cambodia, Thailand, and Malaysia, achieving localized production and sales.
LESSO has strategically focused on the Southeast Asian market, particularly in developing countries. These nations typically have younger populations and underdeveloped infrastructure, which presents significant potential for the construction and infrastructure industries.
Recognizing this, LESSO has accelerated its overseas market expansion, leveraging its strong technological capabilities and comprehensive product systems.
Unlike typical overseas expansions, LESSO’s strategy involves more than just exporting products; it also includes exporting technology, brand, and management expertise. By leveraging local resources and adopting asset-light and trade models, the company is advancing its localized brand development overseas.
LESSO plans to establish production bases in Tanzania and Vietnam to further expand its overseas market influence. Preparations for these facilities are progressing well, with the Vietnam base expected to be operational by Q4 2024, providing a new growth engine for the company’s global strategy.
Compared to overseas peers, LESSO has a strong product advantage. As one of the most comprehensive manufacturers in China’s pipeline and building materials sectors, LESSO offers over 10,000 high-quality products, widely used in home renovation, civil construction, municipal water supply, drainage, energy management, electricity, telecommunications, gas transmission, firefighting, environmental protection, agriculture, and marine aquaculture.
With a diverse business portfolio, LESSO is well-positioned to capture opportunities across various sectors, enhancing its global market share and overall influence.
The company has established over 30 advanced production bases in 19 Chinese provinces and overseas countries. Its extensive distribution network includes 2,891 exclusive first-tier distributors, ensuring timely and efficient delivery of a wide range of high-quality products and professional services to customers.
LESSO’s localized branding strategy not only boosts its local visibility but also strengthens consumer trust and loyalty.
3. Conclusion
In the short term, the complex external environment will continue to pose challenges to China’s macroeconomic landscape, but the resilience of the economy indicates a long-term upward trajectory. Moreover, future macroeconomic policies will likely further stimulate market vitality and growth, creating a healthy development environment for various industries.
For companies, adapting to industry trends and minimizing the impact of external factors on business development is crucial.
LESSO has set a strong example, leveraging its advanced manufacturing capabilities to drive product innovation and add momentum to its high-quality growth. At the same time, it is capitalizing on the wave of globalization by expanding its localized presence in overseas markets, continuously enhancing its brand influence and expanding revenue sources.
As the global economy gradually recovers and the company’s strategies are further implemented, we have every reason to believe that LESSO will continue to achieve sustainable growth through its robust strength and resilience.
Media Contact
Organization: LESSO
Contact Person: Benjamin Xian
Website: https://en.lesso.com/
Email: Send Email
Country: China
Release Id: 05112419448
The post Resilience and Growth of LESSO Amid Industry Challenges appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Get Ready to Dive In! MFEV Coin Public Sale Is Almost Here, and It’s Expected to Be Huge
Get Ready to Dive In! MFEV Coin Public Sale Is Almost Here, and It’s Expected to Be Huge
If you’re in the crypto scene, you already know that MFEV Coin public sale is one of the most anticipated events of the year, and it’s finally happening TOMORROW! With over $43 million already raised in its Seed, Private, and Pre-Sale rounds, the hype for $MFEV is REAL. MFEV is about to hit the public stage, and everyone’s got their eyes on it — so, if you’re not on the list yet, here’s why you might want to think again.
Why MFEV Coin Is Blowing Up the Crypto Space
Let’s talk about what makes MFEV more than just another blockchain. This isn’t your typical platform; MFEV’s got game-changing features that make it a serious contender in the Layer 1 blockchain race:
- Proof-of-Distribution: Unlike other consensus models, MFEV’s Proof-of-Distribution lets validators, delegators, and smart contract creators earn rewards — so everyone wins.
- EVM Compatibility: You’ve got assets or dApps on other EVM-based platforms? MFEV’s got you. The platform is fully compatible, meaning an effortless move of your stuff from Ethereum and other chains.
- Interoperability: MFEV is all about connecting blockchains, so users can easily transfer assets between networks — no fuss, just smooth moves.
Here’s What the Community Is Saying 
With 45 million Coins sold in Seed, 80 million in Private, and a jaw-dropping 165 million MFEV Coins snapped up during Pre-Sale, early backers have shown massive love for this project. And we’re not just talking big institutional investors — word on the street is that retail investors are ready to dive in too. The countdown is on, and the FOMO is already kicking in.
Why Gen Z Investors Are Eyeing $MFEV 
Let’s be real: Gen Z investors want projects that do more than talk the talk. MFEV isn’t just another “decentralized” platform — it’s designed for accessibility and community, with low fees and high transaction speeds. The team’s focus on community engagement and reputation building shows they’re serious about making blockchain tech approachable for everyone, not just the crypto elite.
Tomorrow’s the Big Day! Don’t Sleep on This One 
Here’s the bottom line: MFEV Coin public sale goes live tomorrow, and this is your chance to get in before the big wave hits. With demand soaring and momentum from the earlier rounds, this sale is expected to be . Early investors have already set the stage, and now it’s your turn to join the $MFEV movement.
How to Get In
Setting up for the sale? Get ready to act fast because these coins won’t last long. Log in, load up your wallet, and be prepared to move once the sale opens. This isn’t one you want to watch from the sidelines.
Final Words: Be Part of the Next Gen of Blockchain Tech 
MFEV Blockchain is here to bring a whole new vibe to the crypto world — and the public sale is where you can step in. This is the last chance to get in at the ground floor with a project that’s already making waves. Don’t let FOMO hit you later — get in, secure your MFEV coins , and see what the future of blockchain is all about.
Mark your calendar, set your alarm — MFEV’s public sale goes live TOMORROW! This is your moment, don’t miss it.
Official Website: https://mfev.io/
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Singapore, 14th Nov 2024 – ViaRT is excited to introduce a new challenge for its 5th year art competition under the title “1.5 Degrees Celsius: Create against Climate Change.” ViaRT invites primary and secondary students across Singapore to join our annual art competition in response to global warming and the urgent need to act, as well as in support of the Recycle Right campaign by the National Environment Agency (NEA) to encourage the 3Rs (Reduce, Reuse, Recycle) culture.
This year’s competition aims to ignite a creative response to the global warming crisis, emphasizing the critical 1.5 degrees Celsius limit set by the Paris Agreement. Students are encouraged to use upcycled materials to produce artworks or design items that not only showcase artistic skill but also function as potent messages for climate action.
Participants can create innovative solutions such as energy-saving devices, sustainable fashion, or artworks that vividly depict the impacts of exceeding the 1.5°C threshold or any other climate change related topic. The goal is to raise awareness and inspire action among peers and communities towards maintaining this critical limit for global temperature rise.
The submission period will begin on September 9th and conclude on November 15th, 2024. Entries will be evaluated based on their creativity, impact, and ability to convey a compelling message about limiting global warming.
The competition will include three categories: PARKROYAL COLLECTION Marina Bay Singapore Best Sustainable Message Award (for the artwork that best communicates the urgency of adhering to the 1.5 degrees Celsius limit), The Most Creative Award (for the most creative piece of artwork), and The Most Artistic Award (for the most aesthetically pleasing artwork).
Winners will receive attractive prizes, including cash rewards or staycation package from PARKROYAL COLLECTION Marina Bay Singapore, thanks to our sponsors. Furthermore, selected artworks may have the honor of being exhibited at the Sustainable Singapore Gallery in 2025.
You can find out more information about the award from our website: www.viart.green/2024-award.
About ViaRT:
Organized by Viant Commodities and Y Art Project, ViaRT Art Award encourages children to create innovative and meaningful artworks and projects using upcycled materials. ViaRT intends to be a growing movement that brings children, families, educators, and businesses together to make a positive impact on the sustainability of our environment in our community.
Media Contact
Organization: ViaRT Art
Contact Person: Ying Ji
Website: https://www.viart.green
Email: Send Email
Contact Number: +6591793103
Country: Singapore
Release Id: 14112419904
The post ViaRT Calls Young Artists to Champion Climate Action in 2024 Upcycled Art Competition appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
United States, 12th Nov 2024, – Slipintosoft, a California-based company recognized for its high-quality silk products, announces a new addition to its line-up: a men’s silk kimono robe collection. Inspired by traditional Japanese kimono styles, the collection offers a refined take on loungewear that aligns with the brand’s principles of quality craftsmanship and sustainability.
The new robes are crafted from mulberry silk, a natural fiber chosen for its durability, breathability, and soft, cooling feel. Slipintosoft designed each robe to provide a relaxed fit and understated elegance. In line with the brand’s sustainable approach, each garment is crafted to reduce environmental impact through carefully chosen materials and processes.
Damon, the owner of Slipintosoft, expressed the company’s perspective on the collection’s development, saying, “The men’s silk kimono robe collection represents an extension of Slipintosoft’s dedication to refined comfort. In designing this collection, the goal was to create garments that integrate seamlessly into a modern wardrobe, offering elegance and practicality. Each piece embodies both visual appeal and the unique qualities of silk as a timeless garment material.”
Slipintosoft follows sustainable practices throughout its production process. Using mulberry silk—an eco-friendly and biodegradable fiber—the company aims to provide garments that are high-quality and environmentally responsible. This commitment aligns with a wider trend in the industry toward sustainable textiles and production processes. Slipintosoft ensures that its manufacturing approach limits waste and resource use, creating garments that reflect both environmental awareness and high standards of craftsmanship.
Each robe in Slipintosoft’s new collection reflects inspiration from the traditional Japanese kimono while adapting to contemporary tastes. The design features an adaptable silhouette that combines timeless style with a versatile fit suited to various occasions. Constructed with silk’s inherent breathability and lightness, the robes allow freedom of movement while keeping wearers comfortable throughout the seasons.
Recognizing the value of versatility in clothing, the new kimono robes are designed to transition from home to casual outings. Slipintosoft focuses on creating adaptable garments that meet both functional and aesthetic needs, supporting current fashion trends that prioritize multipurpose, versatile attire.
Slipintosoft plans to expand its range of silk garments in response to customer interest in high-quality, sustainable clothing options. The company aims to maintain its commitment to environmentally friendly production while exploring additional designs that bring silk’s natural properties to new styles.
Reflecting on Slipintosoft’s future direction, Damon added, “Slipintosoft continues to be driven by a vision of accessible, sustainable luxury. The goal moving forward is to introduce products that meet the changing needs of customers while upholding Slipintosoft’s values of craftsmanship and environmentally conscious practices. Future collections will build on the idea that high-quality luxury can align with sustainability.”
For additional information about Slipintosoft and its men’s silk kimono robe collection, interested parties may contact Damon, the owner, at Slipintosoft, Unit 1/568 N Lake Ave, Pasadena, CA 91101 USA. Damon can be reached by phone at 626 706 3918 or via email at info@slipintosoft.com.
Media Contact
Organization: Slipintosoft
Contact
Person: Damon
Website:
https://slipintosoft.com/
Email:
info@slipintosoft.com
Contact Number: 16267063918
Address:Unit 1/568 N Lake Ave
Address 2: Pasadena, CA 91101
Country:United States
The post Slipintosoft Unveils Luxurious Men’s Silk Kimono Robe Collection appeared first on
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