Press Release

Resilience and Growth of LESSO Amid Industry Challenges

Published

4 months ago

November 5, 2024

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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Press Release

CastilloTrade: What Canadian Traders Are Saying About This Top Platform

Published

37 minutes ago

March 1, 2025

Cloud PR Wire

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The demand for AI-powered trading platforms in Canada continues to rise, with traders seeking advanced solutions to optimize their investment strategies. CastilloTrade has quickly gained recognition as one of the leading trading platforms, providing users with AI-driven analytics, risk management tools, and seamless access to both cryptocurrency and stock markets. As the financial industry embraces automation, Canadian traders are turning to CastilloTrade to enhance their trading efficiency and maximize potential profits.

The Growing Popularity of AI-Driven Trading in Canada

Financial markets are evolving at an unprecedented pace, requiring traders to adapt to changing conditions and capitalize on opportunities quickly. Traditional manual trading methods are time-consuming and often prone to human error, leading to suboptimal decision-making. CastilloTrade is revolutionizing trading for Canadian investors by offering automated solutions that analyze market trends, execute trades, and manage risk with precision.

As more traders seek efficient ways to stay competitive in the market, CastilloTrade’s AI-powered platform is proving to be a game-changer. Its ability to process large amounts of data in real time ensures that traders can make informed decisions without the complexities of manual analysis.

Why Canadian Traders Are Choosing CastilloTrade

The success of CastilloTrade among Canadian investors is driven by its innovative approach to trading. By integrating AI with real-time market analysis, the platform offers a comprehensive set of tools designed to improve trading outcomes.

1. AI-Powered Market Insights for Smarter Trading

One of the most praised features of CastilloTrade is its AI-powered market insights. The platform continuously scans and analyzes global financial markets, identifying potential trading opportunities before they become widely apparent. This allows traders to execute well-timed trades based on data-driven predictions rather than speculation.

By removing the need for manual technical analysis, CastilloTrade ensures that traders can act swiftly on profitable opportunities while minimizing risks associated with market fluctuations.

2. Automation for Effortless Trading Execution

Automated trading is becoming a preferred choice for Canadian investors who want to maximize efficiency without constantly monitoring the markets. CastilloTrade enables users to set predefined trading strategies, allowing the system to execute trades automatically.

The automation ensures that traders can capitalize on price movements at the right time, reducing missed opportunities due to human limitations. With AI-driven execution, traders can maintain consistent performance, even in highly volatile market conditions.

3. Advanced Risk Management for Secure Trading

Managing risk is a crucial aspect of successful trading. CastilloTrade incorporates stop-loss settings, trade size limits, and dynamic risk assessment tools to help traders safeguard their investments. These features enable users to trade with confidence, knowing that their capital is protected against excessive losses.

By offering customizable risk management settings, CastilloTrade provides traders with greater control over their strategies while ensuring they can adapt to market changes effectively.

4. Secure and Reliable Trading Environment

Security and transparency are top priorities for Canadian traders when choosing a platform. CastilloTrade employs advanced encryption, multi-factor authentication (MFA), and secure transaction protocols to protect user data and funds.

Additionally, the platform ensures fair execution of trades, providing a transparent environment where traders can operate with confidence. These security measures make CastilloTrade a trusted choice among Canadian investors looking for a reliable trading solution.

5. Access to a Wide Range of Trading Assets

Unlike platforms that focus solely on a single asset class, CastilloTrade allows users to trade both cryptocurrencies and traditional stocks. This flexibility enables traders to diversify their portfolios and mitigate risk by investing in different financial instruments.

Whether focusing on high-growth digital assets like Bitcoin and Ethereum or traditional blue-chip stocks, CastilloTrade provides traders with the tools and insights needed to navigate multiple markets successfully.

The Future of AI-Powered Trading in Canada

As more Canadian traders recognize the benefits of AI-powered trading, CastilloTrade is positioning itself as a market leader in the industry. The platform’s ability to streamline trading, manage risk effectively, and provide real-time market insights makes it a valuable tool for both new and experienced investors.

With financial technology continuously evolving, platforms like CastilloTrade are at the forefront of transforming how traders engage with the markets. The integration of AI and automation ensures that Canadian traders have access to the most advanced tools available, allowing them to trade smarter and more efficiently.

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Press Release

Harnessing AI and Blockchain to Create Global Wealth – Groupe WS Leads the Digital Finance Revolution

Published

4 hours ago

March 1, 2025

Cloud PR Wire

New York, February 28, 2025 – Groupe WS (Wealth Sharing Investment Group) today reaffirms its leadership in the digital finance revolution by unveiling a new suite of advanced financial solutions powered by artificial intelligence and blockchain technology. As global investors navigate an increasingly digital world, Groupe WS is committed to unlocking unprecedented wealth creation opportunities while prioritizing security in an era marked by high-profile cyberattacks.

Recent cybersecurity breaches—including a well-publicized hack of a major cryptocurrency exchange—have sent shockwaves through the financial community, underscoring the critical need for robust protection of digital assets. At Groupe WS, we have turned this challenge into an opportunity to further enhance our systems. By integrating state-of-the-art AI-driven risk management with immutable blockchain protocols, Groupe WS provides a fortified financial environment where customer assets are protected at every stage of the transaction process.

“Our latest suite of digital finance solutions is designed to not only capture the growth potential of AI and blockchain, but also to safeguard our clients against the very real risks that have recently emerged in the crypto world,” said Michael Anderson, Public Relations Officer of Groupe WS. “In light of the recent exchange hack, we have doubled down on our cybersecurity investments to ensure that our clients’ wealth remains secure as we lead the industry forward.”

Key enhancements include real-time threat detection systems powered by artificial intelligence, which continuously scan for vulnerabilities and suspicious activity. Additionally, our blockchain-based ledger technology guarantees transparency and security, ensuring that every transaction is recorded with complete accuracy and immutability. These innovations set Groupe WS apart as a trusted partner in digital finance, dedicated to protecting wealth while creating new pathways to prosperity.

Groupe WS’s commitment to excellence extends beyond technology. Our global team of financial analysts and cybersecurity experts collaborates around the clock to adapt to emerging threats and market dynamics, ensuring that our clients receive the best possible service in a rapidly evolving digital economy.

For further details on Groupe WS’s innovative digital finance solutions and our unwavering commitment to customer security, please visit https://wealthsharing168.com/

About Groupe WS

Wealth Sharing Investment Group (wealthsharing168.com) a été fondé en 2016 à Denver, aux États-Unis. Dans le domaine de l’investissement financier, WS Group a développé une structure industrielle complète couvrant la technologie blockchain, le trading de contrats de cryptomonnaie à court terme, le trading de monnaies numériques et les contrats de monnaies numériques. Ses principaux domaines d’activité incluent les affaires, l’économie collaborative, la recherche sur l’économie collaborative, les investissements industriels, les services financiers, le capital-risque et l’investissement dans les actifs financiers. En tant que fournisseur mondial de systèmes de calcul AI de premier plan, le groupe dispose d’une équipe de centaines d’analystes financiers leaders provenant de plus de dix pays.

WS Group Certifications

Foundation Certification
U.S. Foundation Query: https://www.coloradosos.gov/biz/BusinessEntityCriteriaExt.do
Entity Identification Number: 20248152194
WS Group Address: 2000 S Colorado Blvd, Denver, CO 80222, USA
License Certification
U.S. Financial License Certification (MSB):
https://www.fincen.gov/msb-state-selector
WS Group MSB Registration Number: 31000284924638

Contact Information:

Company Name: Wealth Sharing Investment Group

Contact person: Michael Anderson

Mail: group@wealthsharing168.com

Website: https://wealthsharing168.com/

City & Country: New York, United States

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Press Release

AI Quantitative Trading and FinTech Summit to Be Held in Cape Town

Published

7 hours ago

March 1, 2025

Cloud PR Wire

As artificial intelligence (AI) continues to advance rapidly, the global financial industry is undergoing a profound transformation. Positioned at the forefront of this revolution, South Africa is embracing AI-driven innovations to strengthen its role as a key financial hub. To explore AI applications in quantitative trading and financial markets, the AI Quantitative Trading and FinTech Summit, jointly organized by the South African Financial Regulatory Authority and Nedbank Securities, will be held on July 3, 2025, at The Westin Cape Town.

This prestigious event will bring together top-tier investors, financial executives, and industry experts, providing a high-level platform for discussion and collaboration. The summit aims to drive South Africa’s FinTech development and solidify its position in the global financial landscape.

AI-Driven Quantitative Trading: Reshaping Financial Markets

The summit will be hosted by Vusi Masango, Senior Economic Analyst at Nedbank Securities, who will delve into how AI-driven quantitative trading is transforming financial markets. AI in quantitative trading has evolved from a conceptual innovation to a widely adopted strategy, leveraging big data analytics, machine learning, and intelligent algorithms to enhance market prediction accuracy and execution efficiency. This shift is fostering a more efficient and intelligent financial ecosystem.

Elon Musk to Deliver Keynote Speech on AI’s Future

A major highlight of the summit will be a special keynote speech by Elon Musk, a visionary leader in AI and technology. He will share his insights into the future of artificial intelligence and its transformative impact on finance, technology, and the global economy. His participation is set to elevate the event’s significance and inspire attendees with fresh perspectives on AI applications.

Exploring AI’s Disruptive Applications in Finance

The summit will also explore AI’s real-world applications in financial markets, including:

Optimizing Trading Strategies: Enhancing market analysis and execution through AI-driven insights
Risk Management & Mitigation: Strengthening financial security and stability with AI solutions
Intelligent Portfolio Management: Leveraging AI for asset allocation and maximizing investment returns

As AI technology continues to mature, traditional financial models are undergoing a fundamental shift. This summit will provide invaluable industry insights and explore how South Africa can capitalize on AI’s transformative potential to enhance its global financial competitiveness.

We extend a warm invitation to financial experts, investors, and industry leaders to join this landmark event and explore how AI is shaping the future of finance. See you in Cape Town on July 3, 2025!