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Resilience and Growth of LESSO Amid Industry Challenges

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2 months ago

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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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SCHOLAR RECEIVE NOMINATIONS FOR A NOBEL PRIZE IN PEACE AND LITERATURE

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49 minutes ago

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January 11, 2025

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Dr. Thomas Luke, Ph.D., received a double nomination for the prestigious 2025 Nobel Prize in Peace and Literature.

Prof. Luke’s articles have appeared in peer-reviewed academic journals including The Doctrine of Eternal Security: A Reflection on Perseverance of the Saints and Geography of the Bible: Exploring the Physical and Historical Context of the Old Testament Scriptures.

The Least of These, second edition: has received the 2025 Nobel Prize in Peace Nomination, and his Ph.D. dissertation, Transformational Theology, has also recently been nominated for the 2025 Nobel Prize in Literature Nomination.

“I am humbled to have been nominated for such a prestigious prize, even if I do not win. I also want to thank my loving wife and ministry partner Johana for being another great blessing in my life.

Luke and his wife Johana Carolina Sopacua, MA work together as ministry partners in Bali, Indonesia where they were recently married in October 2024. The nominations for the Nobel Prize in Literature and Peace serve to underscore their dedication to doing good works the world over.

For more information, please visit Dr. Luke’s website: DrLuke.tv  

About the Nobel Prize Organization

The Nobel Foundation is tasked with a mission to manage Alfred Nobel’s fortune and has ultimate responsibility for fulfilling the intentions of Nobel’s will.

www.nobelprize.org

Media Contact

Organization: DrLuke.tv

Contact Person: Dr. Thomas Luke, Ph.D.

Website: https://drluke.tv/

Email: Send Email

Contact Number: +17868330570

City: Miami

State: Florida

Country: United States

Release Id: 11012522419

The post SCHOLAR RECEIVE NOMINATIONS FOR A NOBEL PRIZE IN PEACE AND LITERATURE 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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Press Release

Riema Labs Inc. (Nubit) Unveils Goldinals: The Unified Protocol for Bitcoin Assets

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3 hours ago

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January 11, 2025

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Summary: Riema Labs Inc. (Nubit) introduces Goldinals, a Bitcoin-native token protocol designed to unify fragmented asset standards, enable programmability, and bring trustless innovation to Bitcoin.

Grand Cayman, Cayman Islands – Bitcoin’s growing ecosystem has given rise to various meta-protocols like BRC-20, Ordinals, and Runes, creating a fragmented and often inefficient environment for digital assets. Riema Labs Inc. (Nubit), a pioneer in Bitcoin-native infrastructure, has unveiled Goldinals, a unified protocol for Bitcoin assets, a trust-minimized fungible token standard that promises to unify these protocols and bring advanced programmability to Bitcoin, all while adhering to Bitcoin’s core principles of security and decentralization.

What Is Goldinals?

Goldinals is a unified protocol for Bitcoin assets.

Bitcoins unmatched security has solidified its dominance, but its lack of global state and native programmability has limited its utility for asset issuance. Protocols like BRC-20 and Ordinals rely on off-chain indexers, introducing inefficiencies and trust issues.

Goldinals eliminates these pain points by bringing two advancements:

  1. A unified, trust-minimized protocol that allows seamless interoperability across existing standards like BRC-20, Ordinals, Runes, and CAT. Developers no longer need to design fragmented, one-off solutions for new assets.
  2. Native programmability powered by BitVM, enabling the on-chain execution of advanced logic such as token gating, multi-signature wallets, and conditional transfers–all without sacrificing Bitcoin’s core principles of security and decentralization.

For developers, Goldinals offers an ERC-20-inspired API—Deploy, Mint, Transfer, and Burn–making it intuitive to create scalable applications. For users, Goldinals ensures that all operations are validated directly on-chain, delivering a seamless, secure, and unified experience for Bitcoin-native assets.

Unifying Bitcoin’s Asset Ecosystem

Bitcoin’s asset ecosystem has become a tangle of competing protocols, each with its strengths and limitations. BRC-20, for example, enabled native tokens on Bitcoin but relies heavily on centralized indexers for state management, creating vulnerabilities. Ordinals revolutionized data inscription but offers limited programmability. Other protocols, like CAT, require changes to Bitcoin’s consensus rules, which makes widespread adoption impractical.

Goldinals solves these problems by unifying Bitcoin’s asset ecosystem into a single standard that combines compatibility, security, cost-efficiency and scalability. Key features include:

  • Full compatibility with existing protocols like BRC-20 and Ordinals, ensuring that developers don’t need to reinvent the wheel to build new features.
  • Interoperability across applications, enabling seamless integration of both current and future innovations.
  • Trust minimization, achieved by validating every operation directly on Bitcoin using zero-knowledge proofs (ZKPs) and BitVM, eliminating reliance on centralized services or external indexers.
  • Reduced transaction costs and improved scalability, powered by ZKPs for state compression and BitVM for off-chain computation. This ensures even complex operations are efficient, cost-effective, and secure.

Goldinals creates an environment where wallets, exchanges, and developers can operate without fragmentation, turning Bitcoin into a cohesive platform for decentralized finance, token issuance, and programmable assets.

Goldinals: The Gold Standard for Bitcoin Assets

Goldinals doesn’t merely address Bitcoin’s current challenges–it redefines its future. By combining trust minimization, native programmability, and ecosystem unification, Goldinals enables applications and assets that were previously unimaginable on Bitcoin. From trustless crowdsales to DeFi protocols, Goldinals is paving the way for Bitcoin to become the ultimate platform for decentralized innovation.

As Bitcoin’s ecosystem continues to expand, Goldinals is set to become the definitive standard for fungible tokens, driving adoption and innovation across the network.

To learn more about Goldinals and explore the full research, check out the detailed whitepaper here: https://www.nubit.org/Goldinals.pdf

About Riema Labs Inc. (Nubit)

Building the Trustless World Computer for Bitcoin.

Founded by UCSB professor Yu Feng, Riema Labs Inc. (Nubit) is building the Trustless World Computer for Bitcoin, enabling open scaling through Bitcoin-native technology. Riema Labs Inc. (Nubit) lets developers build any native application, onboarding the world to Bitcoin. Backed by Polychain.

X (Twitter): https://x.com/Nubit_org

Linktree: https://linktr.ee/Nubit_org

Company Name: Riema Labs Inc.

Contact Person: Xavier Teh

Contact Email: Xavier@riema.xyz

Website Link: https://www.nubit.org/

Company Logo: Riema Branding Resources

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Press Release

BitRivals Announce Initial Alpha Offering in AlphaLauncher.io – A Whole New Generation of Web3 Gaming

Published

6 hours ago

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January 11, 2025

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BitRivals, the revolutionary Web3 gaming platform, will have an Initial Alpha Offering via AlphaLauncher.io on January 13, 2025, at 2 PM UTC. This date represents a new important milestone in BitRivals’ quest to rewrite gaming rules, allowing users to join a decentralized, player-centric ecosystem. It is here to introduce the new play-to-earn model, where actual rewards for gaming are possible and give ownership of in-game assets in ways never seen before.

                 

The BitRivals IAO occuring on January 13, 2025, at 2 PM UTC on AlphaLauncher.io. The total raise is $200,000, and the IAO will be in the USDC. One token will be sold for $0.01. The offering will be on the Base blockchain, and participants can buy up to $999 per wallet. There will be a structured vesting schedule: 20% of the tokens at the TGE, then a 15-day cliff, then linear vesting over the next five months. More than that, BitRivals provides a 24-hour ClaimBack policy, which makes the platform very flexible and game-fair to every participant.

What’s special about BitRivals?

BitRivals is not just another Web3 gaming platform; it’s a different paradigm regarding how users interact with these digital ecosystems. BitRivals focuses on just three basic principles of change that will alter how users experience gaming:

Ownership redefined through the implementation of blockchain technology, BitRivals hands over to players complete ownership over all their in-game assets. In full tokenization of assets, one can trade, sell, or keep them in ownership at any moment. The amount of control placed in a player’s hands thus re-positions it to assume an authoritative stance above the dictations that traditional game models often bring on in-game.

BitRivals uses the FCFS model with no restrictions so that anyone can participate in the IAO. The processes are so uncomplicated and open that whether one is a fresh beginner or an old hand at Web3 has little bearing on this, so let it be all-inclusive.

A Seamless Experience for Participants

Events such as the IAO will take place on AlphaLauncher.io, one of the more trustable platforms for blockchain-based token launches. Users seeking to participate in the BitRivals IAO are invited to follow the simple steps:

  • Visit AlphaLauncher.io: Head to the platform’s website to get started with the IAO registration process.
  • Setting up your wallet on the base chain: Ensure your wallet is set to interact with the Base blockchain, which hosts the BitRivals ecosystem.
  • Learn More About BitRivals: To learn about the game, ecosystem, and many other things, check out the website BitRivals. 
  • Join on January 13th, 2025, at 2 PM UTC: Be prepared to purchase BitRivals tokens when the IAO goes live.

How to Get Involved:

For more information about the IAO, interested parties can visit AlphaLauncher.io for more details and preparation for the January 13 launch. To learn more about the BitRivals platform, its roadmap, features, and vision for the future of gaming, visit the BitRivals official website at: https://bitrivals.com 

About BitRivals

BitRivals is a gaming powerhouse that enables gamification powered by Web3. Its main core can empower every player with real rewards and possession over their virtual items. At the core of the BitRivals initiative lies an offer of value that will break new ground in decentralization for players and industry developers while cultivating a truly player-centric environment in gaming.

About AlphaLauncher.io

AlphaLauncher.io is one of the top-notch launchpads, home to some of the most innovative projects leading in Web3. Embodying a high level of transparency, security, and end-user experience, AlphaLauncher.io will provide full support in enabling game-changing initiatives such as BitRivals.

For more information, please refer to AlphaLauncher.io and BitRivals’ official website.

Press Contact:

Spencer Kolssak

Manchester UK

bitrivals.app 

hello@bitrivals.app 

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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.

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