{"id":59421,"date":"2024-09-14T00:04:16","date_gmt":"2024-09-14T00:04:16","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2024\/09\/14\/planet-image-international-limited-reports-the-first-half-of-fiscal-year-2024-unaudited-financial-results\/"},"modified":"2024-09-14T00:04:16","modified_gmt":"2024-09-14T00:04:16","slug":"planet-image-international-limited-reports-the-first-half-of-fiscal-year-2024-unaudited-financial-results","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/planet-image-international-limited-reports-the-first-half-of-fiscal-year-2024-unaudited-financial-results\/","title":{"rendered":"Planet Image International Limited Reports the First Half of Fiscal Year 2024 Unaudited Financial Results"},"content":{"rendered":"<div>\n<p><span class=\"legendSpanClass\">XINYU, <span class=\"xn-location\">China<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Sept. 14, 2024<\/span><\/span> \/PRNewswire\/ &#8212; Planet Image International Limited (&#8220;Planet Image,&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;our,&#8221; or &#8220;us&#8221;) (Nasdaq: YIBO), an export-oriented manufacturer and seller of compatible toner cartridges based in <span class=\"xn-location\">China<\/span>, the U.S. and <span class=\"xn-location\">Europe<\/span>, today announced its unaudited financial results for the six months ended <span class=\"xn-chron\">June 30, 2024<\/span>.<\/p>\n<p><b>First Half 2024 Financial Highlights<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Total revenues<\/b> in the first half of 2024 were <span class=\"xn-money\">US$77.3 million<\/span>, representing an increase of 4.1% from <span class=\"xn-money\">US$74.2 million<\/span> in the same period of 2023.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li><b>Gross profit<\/b> in the first half of 2024 was <span class=\"xn-money\">US$28.2 million<\/span> with a gross profit margin of 36.5%, compared to <span class=\"xn-money\">US$31.3 million<\/span> with a gross profit margin of 42.2% in the same period of 2023.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li><b>Income from operations<\/b> in the first half of 2024 was <span class=\"xn-money\">US$5.8 million<\/span>, representing a decrease of 40.8% from <span class=\"xn-money\">US$9.8 million<\/span> in the same period of 2023.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li><b>Net income<\/b> in the first half of 2024 was <span class=\"xn-money\">US$4.3 million<\/span>, representing an increase of 7.6% from <span class=\"xn-money\">US$4.0 million<\/span> in the same period of 2023.<\/li>\n<\/ul>\n<p><b>Management Commentary<\/b><\/p>\n<p><span class=\"xn-person\">Shaofang Weng<\/span>, Chief Executive Officer of the Company, commented, &#8220;We are pleased to report a 4.1% growth in total revenues to <span class=\"xn-money\">US$77.3 million<\/span> for the first half of 2024 and a 7.6% increase in net income compared to the same period last year. This growth was primarily driven by a 15.1% increase in offline sales to dealers, which reflects our success in supporting dealers with online sales operations through enhanced warehousing, logistics, and IT systems. <span class=\"xn-location\">North America<\/span> remained a key market, contributing 61% of our total revenues, with a 3.8% year-over-year increase, fueled by our ability to attract more local dealers with preferential pricing. Additionally, our market expansion in <span class=\"xn-location\">China<\/span> and <span class=\"xn-location\">Brazil<\/span> led to a 76.7% increase in revenue from other markets, now representing 5% of our total revenues. Our flexible strategies have enabled us to maintain a competitive edge amid challenging economic conditions in <span class=\"xn-location\">Europe<\/span> and the US. Looking ahead, we will continue to explore strategic opportunities to optimize production, expand product offerings, and strengthen our sales channels globally.&#8221;<\/p>\n<p><b>First Half 2024 Financial Results<\/b><\/p>\n<p><b><i>Revenues<\/i><\/b><\/p>\n<p>Total revenues increased by 4.1% to <span class=\"xn-money\">US$77.3 million<\/span> for the first half of 2024 from <span class=\"xn-money\">US$74.2 million<\/span> for the same period of 2023. The increase in total revenues was mainly due to an increase in revenues from our offline sales to dealers and online sales to retail customers, partially offset by the decrease in our offline sales to original design manufacturing (&#8220;ODM&#8221;) customers.<\/p>\n<p><i><u>Comparison by Sales Channel<\/u><\/i><\/p>\n<p>The following table sets forth our revenue by sales channel for the periods indicated.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"5\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>For the six months ended <br \/>June 30, <\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"5\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Change<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prnpr10 prnpl2 prnvab prntac prnsbtb1 prnrbrb1 prnbbbs prnsblb1\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prnpr10 prnpl2 prnvab prntac prncbts prnrbrb1 prnbbbs prnsblb1\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2024<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Amount<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Offline sales to dealers<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">39,689<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">45,668<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">5,979<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">15.1\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Offline sales to ODM customers<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">29,042<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">25,711<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prnpr6 prnpl2 prnvab prntar prnsbtb1 prnrbrb1 prnsbbb1 prnsblb1\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(3,331)<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(11.5)\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Online sales to retail customers<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">5,474<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">5,885<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">411<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">7.5\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>74,205<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>77,264<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3,059<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen12\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>4.1\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>Revenue from offline sales to dealers increased by 15.1% from <span class=\"xn-money\">US$39.7 million<\/span> for the first half of 2023 to <span class=\"xn-money\">US$45.7 million<\/span> for the same period of 2024, mainly because we continuously expanded our local sales to dealers with online sales operations, utilized our warehousing, logistics and IT system and obtained more orders from dealers. Along with our dealers&#8217; expansion in their online sales business, we achieved significant growth in sales of products to dealers.<\/p>\n<p>Revenue from offline sales to ODM customers decreased by 11.5% from <span class=\"xn-money\">US$29.0 million<\/span> for the first half of 2023 to <span class=\"xn-money\">US$25.7 million<\/span> for the same period of 2024, which was primarily attributable to less sale orders from some customers having concerns over longer transportation turnover due to limited ocean freight capacity under unfavorable political environment.<\/p>\n<p>Revenue from online sales increased by 7.5% from <span class=\"xn-money\">US$5.5 million<\/span> for the first half of 2023 to <span class=\"xn-money\">US$5.9 million<\/span> for the same period of 2024, which was primarily due to more new household supply products, such as electric appliances and articles for daily use, being sold through online channels. Such products were manufactured by third parties and procured by the Company for resale in the U.S. and European markets.<\/p>\n<p><i><u>Comparison by Area<\/u><\/i><\/p>\n<p>The majority of our revenue for the six months ended <span class=\"xn-chron\">June 30, 2023<\/span> and 2024 was generated from <span class=\"xn-location\">North America<\/span> and <span class=\"xn-location\">Europe<\/span>. The following table sets forth the disaggregation of revenue by area:<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"6\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>For the six months ended\u00a0<br \/><\/b><b>June 30, <\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"7\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Change<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen14\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen15\" colspan=\"3\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2024<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"3\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Amount<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prnpr2 prnpl2 prnvab prntac prncbts prnrbrb1 prnsbbb1 prnsblb1\" colspan=\"6\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(in thousands of US$)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prnpr4 prnpl2 prnvab prntar prncbts prnrbrb1 prnsbbb1 prnsblb1\" colspan=\"3\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">North America<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">45,779<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">47,503<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">1,724<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">3.8<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Europe<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">26,251<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">25,918<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(333)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(1.3)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Others<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">2,175<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">3,843<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">1,668<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">76.7<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Total<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>74,205<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>77,264<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3,059<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen20\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>4.1<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>Revenue generated from <span class=\"xn-location\">North America<\/span> increased by 3.8% from <span class=\"xn-money\">US$45.8 million<\/span> for the first half of 2023 to <span class=\"xn-money\">US$47.5 million<\/span> for the same period of 2024, which was primarily attributable to our market expansion in the U.S. and increased sales by attracting more local dealers with preferential pricing, our well-developed warehousing, logistics and IT system and our advanced products.<\/p>\n<p>Revenue generated from <span class=\"xn-location\">Europe<\/span> slightly decreased by 1.3% from <span class=\"xn-money\">US$26.3 million<\/span> for the first half of 2023 to <span class=\"xn-money\">US$25.9 million<\/span> for the same period of 2024, as we did not significantly reduce the prices of our products compared with other competitors while faced with intense price competition, which resulted in customer attrition in <span class=\"xn-location\">Europe<\/span>.<\/p>\n<p>Revenue generated from others increased by 76.7% from <span class=\"xn-money\">US$2.2 million<\/span> for the first half of 2023 to <span class=\"xn-money\">US$3.8 million<\/span> for the same period of 2024, resulting from our market expansion in <span class=\"xn-location\">China<\/span> and <span class=\"xn-location\">Brazil<\/span>.<\/p>\n<p><b><i>Cost of Revenues<\/i><\/b><\/p>\n<p>Cost of revenues increased by 14.3% to <span class=\"xn-money\">US$49.0 million<\/span> for the first half of 2024 from <span class=\"xn-money\">US$42.9 million<\/span> for the same period of 2023. This increase was mainly attributable to the increase of material costs, ocean freight costs and tariff under unstable political and economic environment.<\/p>\n<p><b><i>Gross Profit<\/i><\/b><\/p>\n<p>Gross profit decreased to <span class=\"xn-money\">US$28.2 million<\/span> for the first half of 2024 from <span class=\"xn-money\">US$31.3 million<\/span> for the same period of 2023. Gross margin was 36.5% in the first half of 2024 compared to 42.2% in the same period of 2023, which was primarily due to (i) a decrease of the average sales price to attract more customers; (ii) an increase of sales of household supply products, such as electric appliances and articles for daily use, with relatively low gross margin; and (iii) an increase of ocean freight costs.<\/p>\n<p><b><i>Operating Expenses<\/i><\/b><\/p>\n<p>Total operating expenses increased by 4.4% to <span class=\"xn-money\">US$22.4 million<\/span> for the first half of 2024 from <span class=\"xn-money\">US$21.4 million<\/span> for the same period of 2023.<\/p>\n<ul type=\"disc\">\n<li>Selling expenses in the first half of 2024 increased by 8.0% to <span class=\"xn-money\">US$15.8 million<\/span> from <span class=\"xn-money\">US$14.6 million<\/span> in the same period of 2023, which was primarily driven by the increase of freight expenses charged by warehouses of online platforms.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>General and administrative expenses in the first half of 2024 increased by 11.8% to <span class=\"xn-money\">US$3.7 million<\/span> from <span class=\"xn-money\">US$3.3 million<\/span> in the same period of 2023, which was primarily driven by the increase in payroll expenses of increased headcounts and more expected credit losses accrued.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>Research and development expenses in the first half of 2024 decreased by 16.8% to <span class=\"xn-money\">US$3.0 million<\/span> from <span class=\"xn-money\">US$3.6 million<\/span> for the same period of 2023, primarily due to less materials consumed in research projects undertaken in the first half of 2024.<\/li>\n<\/ul>\n<p><b><i>Other Income and Expenses<\/i><\/b><\/p>\n<ul type=\"disc\">\n<li>Our other non-operating income increased by 33.7% from <span class=\"xn-money\">US$0.8 million<\/span> for the first half of 2023 to <span class=\"xn-money\">US$1.0 million<\/span> for the same period of 2024, which was primarily attributable to more sales of scrap and waste as well as more packing, labeling and other services to offline dealer customers.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>Fair value loss on derivative instruments was <span class=\"xn-money\">US$1.2 million<\/span> for the first half of 2024 compared to <span class=\"xn-money\">US$5.5 million<\/span> for the same period of 2023, primarily due to fluctuations of exchange rate.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>Interest expenses, net decreased by <span class=\"xn-money\">US$0.6 million<\/span> from <span class=\"xn-money\">US$0.8 million<\/span> for the first half of 2023 to <span class=\"xn-money\">US$0.2 million<\/span> for the same period of 2024, primarily due to a decrease of interest expenses of <span class=\"xn-money\">US$0.4 million<\/span> because new loan agreements entered into in the first half of 2024 carried a lower interest rate on average compared with those entered into in the same period of 2023, and an increase of interest income of <span class=\"xn-money\">US$0.2 million<\/span> with increased cash in bank.<\/li>\n<\/ul>\n<p><b><i>Net Income<\/i><\/b><\/p>\n<p>Net income was <span class=\"xn-money\">US$4.3 million<\/span> for the first half of 2024, compared to <span class=\"xn-money\">US$4.0 million<\/span> for the same period of 2023. Net income per share was <span class=\"xn-money\">US$0.08<\/span> for the first half of 2024, compared to <span class=\"xn-money\">US$0.09<\/span> for the same period of 2023.<\/p>\n<p><b>Financial Conditions<\/b><\/p>\n<p>As of <span class=\"xn-chron\">June 30, 2024<\/span>, the Company had cash and cash equivalents of <span class=\"xn-money\">$53.5 million<\/span>, compared to <span class=\"xn-money\">$45.1 million<\/span> as of <span class=\"xn-chron\">December 31, 2023<\/span>. Account receivable, net was <span class=\"xn-money\">$37.4 million<\/span> as of <span class=\"xn-chron\">June 30, 2024<\/span>, compared to <span class=\"xn-money\">$31.3 million<\/span> as of <span class=\"xn-chron\">December 31, 2023<\/span>. As of <span class=\"xn-chron\">June 30, 2024<\/span>, the Company had current assets of <span class=\"xn-money\">$129.2 million<\/span> and current liabilities of <span class=\"xn-money\">$85.0 million<\/span>, resulting in working capital of <span class=\"xn-money\">$44.2 million<\/span>, as compared with current assets of <span class=\"xn-money\">$118.6 million<\/span>, current liabilities of <span class=\"xn-money\">$82.4 million<\/span>, and working capital of <span class=\"xn-money\">$36.2 million<\/span> as of <span class=\"xn-chron\">December 31, 2023<\/span>.<\/p>\n<p><b>Exchange Rate<\/b><\/p>\n<p>This announcement contains translations of amounts in Renminbi (&#8220;RMB&#8221;), Hong Kong Dollar (&#8220;HKD&#8221;), Great Britain Pounds (&#8220;GBP&#8221;), Euros (&#8220;EUR&#8221;) into U.S. dollars (&#8220;US$&#8221;).<\/p>\n<p>The following table outlines the currency exchange rates that were used in creating the consolidated financial statements, which is derived from company&#8217;s own simple exchange rate conversion:<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"5\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>As of<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>December 31, 2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen22\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>June 30, 2024<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Period end RMB: USD exchange rate<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">US$1=RMB7.0800<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">US$1=7.1276<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Period end EUR: USD exchange rate<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">US$1=EUR0.9009<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">US$1=0.9259<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Period end GBP: USD exchange rate<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">US$1=GBP0.7874<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">US$1=0.7874<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"5\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>For the six months ended<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>June 30, 2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen22\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>June 30, 2024<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Period Average RMB: USD exchange rate<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">US$1=RMB6.9396<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">US$1=7.1023<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Period Average EUR: USD exchange rate<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">US$1=EUR0.9245<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">US$1=0.9223<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Period Average GBP: USD exchange rate<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">US$1=GBP0.8108<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">US$1=0.7874<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><b>Transfer of Mezzanine Equity<\/b><\/p>\n<p>On <span class=\"xn-chron\">September 30, 2019<\/span>, the Company issued 10,526,300 ordinary shares to Xinyu High-Tech Investment Co., Ltd. (&#8220;Gaoxin&#8221; or the &#8220;Holder&#8221;) in exchange for an <span class=\"xn-money\">RMB100.0 million<\/span> (approximately <span class=\"xn-money\">US$14.1 million<\/span>) investment in the Company. The ordinary shares issued to Gaoxin are subject to redemption upon the occurrence of any of the following events (referred to as a &#8220;Redemption Event&#8221;): (1) the Company fails to successfully complete its initial public offering on either Hong Kong Stock Exchange or Nasdaq Capital Market and New York Stock Exchange before <span class=\"xn-chron\">March 31, 2023<\/span>; (2) its initial public offering price per share is lower than or equal to 1.15 times of the share price paid by Gaoxin; or (3) the shares held by Gaoxin could not trade immediately after completion of the Company&#8217;s initial public offering or Gaoxin does not receive the shortest applicable lock-up period for its shares. The date specified in the first Redemption Event was extended for eighteen months to <span class=\"xn-chron\">September 30, 2024<\/span> through a supplementary agreement entered into between the Company and Gaoxin dated <span class=\"xn-chron\">February 18, 2023<\/span>, without any other modification on the remaining terms. The 10,526,300 ordinary shares were subsequently converted into 10,526,300 Class A ordinary shares of the Company in <span class=\"xn-chron\">October 2021<\/span>.<\/p>\n<p>The Company accounts for these redeemable Class A ordinary shares in accordance with ASC 480 &#8220;Distinguishing Liabilities from Equity.&#8221; Class A ordinary shares subject to conditional redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company&#8217;s control is classified as mezzanine equity.<\/p>\n<p>On <span class=\"xn-chron\">January 25, 2024<\/span>, the Company successfully completed its initial public offering on the Nasdaq Capital Market. As a result, the mezzanine equity was reclassified as equity of the Company.<\/p>\n<p><b>About Planet Image International Limited<\/b><\/p>\n<p>Planet Image is a leading export-oriented manufacturer and seller of compatible toner cartridges based in <span class=\"xn-location\">China<\/span>, the U.S. and <span class=\"xn-location\">Europe<\/span>. It primarily develops and manufactures toner cartridges that are compatible with and can be used in a wide range of commonly available models of laser printers from different manufacturers, on a white-label or third-party brand basis or under its self-owned brands. It has a wide international footprint through established sales channels, with products sold to customers in over 48 countries, and sales in the U.S. and <span class=\"xn-location\">Europe<\/span> representing the majority of its revenue. More information, please visit <a href=\"http:\/\/www.yibomk.com\/\" target=\"_blank\" rel=\"nofollow noopener\">http:\/\/www.yibomk.com\/<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>This press release contains forward-looking statements. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, the intent, belief or current expectations of Planet Image and members of its management, as well as the assumptions on which such statements are based. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as &#8220;may,&#8221; &#8220;will,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;aim,&#8221; &#8220;estimate,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;believe,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; &#8220;is\/are likely to&#8221; or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company&#8217;s annual report on Form 20-F and in its other filings with the U.S. Securities and Exchange Commission.<\/p>\n<p><b>For more information, please contact:<\/b><\/p>\n<p><i>Investor Relations:\u00a0<br \/><\/i><span class=\"xn-person\">Sherry Zheng<\/span><br \/>Weitian Group LLC<br \/>Phone: 718-213-7386<br \/>Email: <a href=\"mailto:shunyu.zheng@weitian-ir.com\" target=\"_blank\" rel=\"nofollow noopener\">shunyu.zheng@weitian-ir.com<\/a>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen23\" colspan=\"8\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>PLANET IMAGE INTERNATIONAL LIMITED<\/b>\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"8\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>CONDENSED CONSOLIDATED BALANCE SHEETS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"8\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(Amount in thousands of U.S. dollars, except share and per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"8\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen23\" colspan=\"6\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>As of<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>December 31,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"3\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>June 30,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"3\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2024<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Assets<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Current assets:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Cash and cash equivalents<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">45,126<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">53,455<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Restricted cash<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">19,040<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">15,908<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Accounts receivable, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">31,302<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">37,442<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Inventories, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">17,451<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">17,405<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Prepaid expenses and other current assets<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">5,670<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">5,039<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Total current assets<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>118,589<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>129,249<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Non-current assets:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Property, plant and equipment, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">8,509<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">8,243<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Right-of-use assets<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">1,874<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">1,240<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Deferred tax assets<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">1,036<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">329<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Other non-current assets<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">259<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">198<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Total non-current assets<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>11,678<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>10,010<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>TOTAL ASSETS<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>130,267<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>139,259<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0<b>Liabilities, Mezzanine Equity and Shareholders&#8217; Equity<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0<b>Current liabilities:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Short-term borrowings<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">26,222<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">30,305<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Accounts payable<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">22,513<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">26,746<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Bank acceptance notes payable<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">13,279<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">14,280<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Amounts due to related parties, current<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">260<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">207<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Accrued expenses and other current liabilities<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">14,707<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">9,368<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Derivative liabilities<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">2,259<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">1,569<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Operating lease liabilities \u2013 current<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">1,257<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">915<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Taxes payable<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">1,872<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">1,653<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Total current liabilities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>82,369<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>85,043<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Non-current liabilities:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Operating lease liabilities \u2013 non-current<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">683<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">335<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Total non \u2013 current liabilities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>683<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>335<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>TOTAL LIABILITIES<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>83,052<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>85,378<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0<b>Commitments and Contingencies<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Mezzanine equity<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Redeemable ordinary shares (10,526,300 and nil Class A <br \/>shares issued and outstanding at approximately $1.34 per share<br \/>as of December\u00a031, 2023 and June 30, 2024, respectively)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">14,104<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Shareholders&#8217; equity<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Preferred shares (par value of HK$0.0001 per share; <br \/>800,000,000 preferred shares authorized, nil preferred shares <br \/>issued and outstanding as of December 31, 2023 and June 30, <br \/>2024, respectively)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Class A ordinary shares (par value of HK$0.0001 per share; <br \/>2,000,000,000 Class A ordinary shares authorized, 15,789,500 <br \/>and 27,565,800 Class A ordinary shares issued and <br \/>outstanding as of December 31, 2023 and June 30, 2024,<br \/>respectively)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Class B ordinary shares (par value of HK$0.0001 per share; <br \/>1,000,000,000 Class B ordinary shares authorized, 26,315,800 <br \/>Class B ordinary shares issued and outstanding as of<br \/>December 31, 2023 and June 30, 2024, respectively)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Additional paid-in capital<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">833<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">17,411<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Statutory reserve<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">3,193<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">3,193<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Retained earnings<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">26,024<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">30,321<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Accumulated other comprehensive income<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">3,060<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">2,954<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Total shareholders&#8217; equity<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>33,111<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen25\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>53,881<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>TOTAL LIABILITIES, MEZZANINE EQUITY AND <br \/>SHAREHOLDERS&#8217; EQUITY<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>130,267<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>139,259<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen23\" colspan=\"8\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>PLANET IMAGE INTERNATIONAL LIMITED<\/b>\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"8\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND <br \/>COMPREHENSIVE\u00a0<\/b><b>INCOME<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"8\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(Amount in thousands of U.S. dollars, except share and per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"8\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"5\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>For the six months ended June 30,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen15\" colspan=\"3\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2024<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Net revenues<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>74,205<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>77,264<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Cost of revenues<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(42,923)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(49,044)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Gross profit<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>31,282<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>28,220<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Operating expenses:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Selling expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(14,599)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(15,761)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">General and administrative expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(3,284)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(3,671)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Research and development expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(3,565)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(2,966)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Total operating expenses<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(21,448)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(22,398)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Income from operations<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>9,834<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>5,822<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Other income\/(expenses):<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Other non-operating income, net<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">754<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">1,008<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Government subsidy<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">307<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">149<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Fair value loss on derivative instruments<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(5,542)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(1,156)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Foreign exchange loss<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(481)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(507)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Interest expense, net<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(785)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(217)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Total other expenses, net<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(5,747)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen24\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(723)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Income before income tax expense<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>4,087<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>5,099<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Income tax expense<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(93)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(802)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Net income<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3,994<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen27\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>4,297<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Other comprehensive income<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Foreign currency translation adjustment<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">670<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">(106)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Total comprehensive income<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>4,664<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>4,191<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Net income per share<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Basic and Diluted<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">0.09<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">0.08<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Weighted average shares<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">Basic and Diluted<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">42,105,300<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen28\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">52,263,976<\/span><\/p>\n<\/td>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>XINYU, China, Sept. 14, 2024 \/PRNewswire\/ &#8212; Planet Image International Limited (&#8220;Planet Image,&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;our,&#8221; or &#8220;us&#8221;) (Nasdaq: YIBO), an export-oriented manufacturer and seller of compatible toner cartridges based in China, the U.S. and Europe, today announced its unaudited financial results for the six months ended June 30, 2024. First Half 2024 Financial [&#8230;]\n","protected":false},"author":1,"featured_media":79226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-59421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr-newswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Planet Image International Limited Reports the First Half of Fiscal Year 2024 Unaudited Financial Results - Biz and Live in Saigon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.saigonbiz.com\/vn\/planet-image-international-limited-reports-the-first-half-of-fiscal-year-2024-unaudited-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Planet Image International Limited Reports the First Half of Fiscal Year 2024 Unaudited Financial Results\" \/>\n<meta property=\"og:description\" content=\"XINYU, China, Sept. 14, 2024 \/PRNewswire\/ &#8212; Planet Image International Limited (&#8220;Planet Image,&#8221; the &#8220;Company,&#8221; &#8220;we\" \/>\n<meta property=\"og:url\" content=\"https:\/\/english.saigonbiz.com\/vn\/planet-image-international-limited-reports-the-first-half-of-fiscal-year-2024-unaudited-financial-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Biz and Live in Saigon\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SaigonbizGroup\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-14T00:04:16+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/planet-image-international-limited-reports-the-first-half-of-fiscal-year-2024-unaudited-financial-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/planet-image-international-limited-reports-the-first-half-of-fiscal-year-2024-unaudited-financial-results\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/267b348e6cf32a66aab33637c2d399a6\"},\"headline\":\"Planet Image International Limited Reports the First Half of Fiscal Year 2024 Unaudited Financial Results\",\"datePublished\":\"2024-09-14T00:04:16+00:00\",\"dateModified\":\"2024-09-14T00:04:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/planet-image-international-limited-reports-the-first-half-of-fiscal-year-2024-unaudited-financial-results\/\"},\"wordCount\":2477,\"publisher\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#organization\"},\"articleSection\":[\"Pr Newswire\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/planet-image-international-limited-reports-the-first-half-of-fiscal-year-2024-unaudited-financial-results\/\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/planet-image-international-limited-reports-the-first-half-of-fiscal-year-2024-unaudited-financial-results\/\",\"name\":\"Planet Image International Limited Reports the First Half of Fiscal Year 2024 Unaudited Financial Results - 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