'Blossoming Hearts • Intoxicated Ink' - Tam Sing Chuk and Chak Meihing Art Exhibition Grandly Opens in Shenzhen
The core significance of this art exhibition lies in its vivid interpretation of the three fundamental pillars that establish Heungkong Art Museum as a sustainable cultural landmark, as well as its pioneering role in shaping a new cultural ecosystem: a platform for disseminating the social value of professional artists, a cultural salon for entrepreneurs, and a closed loop for art philanthropy and cultural and creative values. Mladen Ivanić, former President of Bosnia and Herzegovina, believes that this joint art exhibition represents not only a new beginning in intercultural dialogue but also an innovative practice of cross-disciplinary integration.
As the curator of Heungkong Art Museum, Chak Meihing is the core driving force behind this cultural innovation, leveraging her entrepreneurial foresight, artistic sensibility, and philanthropic commitment. The three-pronged model she pioneered—combining a platform for professional artists, a cultural salon for the business community, and a closed loop for philanthropic, cultural and creative values.
This exhibition meticulously showcases 70 authentic works by Tam Sing Chuk, along with nearly 50 representative paintings by Chak Meihing herself. The exhibition is not merely a joint display by two artists but also a groundbreaking endeavor by Heungkong Art Museum to forge a new cultural ecosystem.
As an artist, Chak Meihing's artistic accomplishments have garnered widespread acclaim within the art circle. Lu Yushun, former President of China National Academy of Painting, commented that her artistic endeavors serve as a vivid testament to the inheritance and innovation of traditional Chinese culture. Xu Qinsong, a consultant to China Artists Association, noted that Chak's works boldly break free from traditional constraints in composition, while her use of color combines vibrancy with depth.
Concurrently with the art exhibition, the "Goodness and Beauty Collection" online charity store launched, selling Chak Meihing's painting-derived cultural products with all proceeds supporting rural children projects.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
29 minutes ago
- Yahoo
Johnson Controls International PLC (JCI) Q3 2025 Earnings Call Highlights: Strong Growth and ...
Organic Sales Growth: 6% increase. Segment Margins: Expanded 20 basis points to 17.6%. Adjusted EPS: Grew 11% to $1.05, exceeding guidance. Adjusted Free Cash Flow: Nearly doubled to $1.8 billion year-to-date. Orders Growth: 2% increase, with strength in the Americas and softness in China. Backlog: Grew 11% to $14.6 billion. Available Cash: Approximately $700 million at the end of the third quarter. Net Debt: Declined to 2.5 times, within the target range. Americas Organic Sales: Up 7%, driven by HVAC and Controls. EMEA Organic Sales: Grew 4%, led by 8% growth in Service. APAC Organic Sales: Increased 6%, with strong double-digit growth in Service. EMEA Adjusted Segment EBITDA Margin: Expanded 100 basis points to 14.1%. APAC Adjusted Margins: Expanded 70 basis points to 19.4%. Americas Adjusted Margin: Improved 10 basis points to 18.5%. System Backlog Growth: 11% increase. Service Backlog Growth: 8% increase. Full-Year Adjusted EPS Guidance: Raised to $3.65 to $3.68 per share, representing 14% to 15% growth. Free Cash Flow Conversion: Expected to be greater than 100% for the full year. Warning! GuruFocus has detected 2 Warning Sign with SKFOF. Release Date: July 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Johnson Controls International PLC (NYSE:JCI) reported strong third-quarter results with organic sales growth of 6% and adjusted EPS growth of 11%, exceeding guidance. The company achieved a significant improvement in adjusted free cash flow, nearly doubling to $1.8 billion year-to-date, with a target of over 100% free cash flow conversion for the year. JCI's backlog grew 11% to a record $14.6 billion, indicating strong demand for both Systems and Service solutions. The company is implementing a new business system focused on simplifying operations, accelerating growth, and scaling impact, which includes Lean principles and digitization. JCI is raising its full-year guidance for adjusted EPS and free cash flow conversion, reflecting confidence in continued strong performance. Negative Points The company faces ongoing softness in the Chinese market, which has impacted overall order growth. Tariff impacts have been a challenge, with some difficulty in recovering margins in certain markets. The sale of the Residential and Light Commercial HVAC business to Bosch is expected to have minimal impact on this year's share count, with benefits primarily accruing next fiscal year. JCI's Fire & Security segment is experiencing lower growth compared to HVAC, with opportunities for improvement identified but not yet realized. The company is undergoing a strategic review of its portfolio, which may lead to changes in business lines and potential exits, creating some uncertainty. Q & A Highlights Q: Joakim, as you approach five months on the job, what are your initial observations and key performance indicators (KPIs) you're focusing on to ensure the organization is moving in the right direction? How quickly can we expect tangible progress on the business's return profile? A: Joakim Weidemanis, CEO: Four months in, I've visited over 100 customers and 30 plants, gaining a good grasp of our opportunities. Our focus is on sharpening customer focus, driving growth through innovation, and leveraging our field position of 40,000 colleagues. We're deploying a new business system anchored in 80/20 simplification, Lean principles, and digitization to simplify, accelerate, and scale operations. We're starting with narrow focus areas to deliver early results and will expand over time. Q: How do you plan to accelerate growth in Fire & Security, and how can HVAC and Fire & Security leverage each other? A: Joakim Weidemanis, CEO: Fire & Security and HVAC serve similar customer bases but are fundamentally different businesses. While HVAC and Controls have higher growth potential, Fire & Security also have growth opportunities. We're deploying our new business system gradually across these areas and conducting a strategic review of our portfolio to ensure sustainable growth. Q: Can you address the opportunities for free cash flow improvement and whether the company can consistently achieve 100% conversion? A: Marc Vandiepenbeeck, CFO: We've made significant progress in cash flow, particularly in accounts receivable management. While we've improved conversion to over 100% this year, there are still structural headwinds like tax rates and CapEx. Our Lean transformation efforts will further enhance cash flow by reducing facilities needs and improving inventory management. Q: With record backlog, can you provide an initial framework for 2026 and plans for an Investor Day? A: Joakim Weidemanis, CEO: We're finalizing our internal plan for 2026, and while it's early to comment, our long-term algorithm remains mid-single-digit top-line growth and double-digit EPS growth. As we implement our new business system and strategic review, we expect better incrementals. We'll provide more details after closing the year and releasing Q4 results. Q: Can you explain the lower-than-expected order growth and the timeline for providing a longer-term financial outlook? A: Joakim Weidemanis, CEO: Orders in the Americas were strong, and EMEA performed well despite tough comparisons. China remains soft, but our core vertical markets are healthy. We're disciplined in pursuing higher-margin orders and focusing on Service growth. We'll provide a longer-term outlook as we finalize our strategic review and business system implementation. Q: How do you view the potential for margin improvement in Fire & Security, and what are the growth opportunities? A: Joakim Weidemanis, CEO: Fire & Security have growth potential, but HVAC and Controls offer higher growth and margin opportunities. We're addressing product gaps in Fire & Security and applying Lean principles to improve Service margins. Our strategic review will guide future decisions on portfolio optimization. Q: Can you discuss the sustainability of free cash flow conversion and the impact of the Residential and Light Commercial sale? A: Marc Vandiepenbeeck, CFO: The sale of Residential and Light Commercial was a headwind to cash flow conversion. We've fundamentally changed processes to improve cash flow, and we're confident in sustaining 95%+ conversion. Our Lean transformation will provide additional tailwinds over time. Q: What are the key factors affecting operating margins, and how do you see them evolving? A: Marc Vandiepenbeeck, CFO: Tariffs have impacted margins, but we've managed to recover most of the headwind. We're addressing stranded costs from the Residential and Light Commercial sale. Over time, our business system will drive margin improvement across regions, with opportunities in both commercial and operational areas. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
29 minutes ago
- Yahoo
HSBC launches $3bn share buyback despite second-quarter profit plunge
Pre-tax profits at Europe's largest lender HSBC (HSBA.L) plunged 29% year-on-year to $6.3bn (£4.7bn) in its second quarter, mostly on account of impairment charges related to its investment in China's Bank of Communications ( and exposure to Hong Kong real estate. The bank recorded a $2.1bn impairment on its long-standing investment in Bank of Communications, adding to a $3bn charge taken earlier this year. The latest writedown includes a $1.1bn loss from a private placement of shares by the Chinese state-owned bank that diluted HSBC's stake. Expected credit losses rose by $900m year-on-year to $1.9bn, due in part to mounting stress in Hong Kong's property sector. Group CEO Georges Elhedery also cited rising macroeconomic risks. 'Structural challenges to the global economy have caused uncertainty and market volatility,' he said, referencing 'broad-based tariffs' and 'fiscal vulnerabilities.' Read more: Barclays posts profit beat and announces £1bn share buyback He added: 'This is complicating the inflation and interest rate outlook, creating greater uncertainty. Even before tariffs take effect, trade disruptions are reshaping the economic landscape.' Operating expenses rose 10% compared with the same quarter last year, driven by restructuring and higher investment in technology, the bank said. Net interest income — the difference between what the bank earns on loans and pays on deposits — was $8.5bn. Revenue for the first half of 2025 fell $3.2bn to $34.1bn, primarily reflecting the group's exit from its operations in Canada and Argentina. HSBC reported a pre-tax profit of $15.8bn for the first six months of the year, down 26%. Despite the earnings drop, the bank announced a new $3bn share buyback, which comes in addition to a $3bn program launched earlier this year. It declared a second interim dividend of 10 cents per share, matching the payout in the previous quarter. Return on average tangible equity (RoTE) stood at 14.7% for the first half, though HSBC cautioned that global economic conditions could affect future profitability. Read more: Lloyds increases dividend as profits jump by 5% 'While we would expect the direct impact from tariffs to have a relatively modest impact on our revenue, the broader macroeconomic deterioration may see RoTE excluding notable items fall outside of our mid-teens targeted range in future years,' the bank said. HSBC warned that lending demand would probably remain muted in the second half of the year, but said it expects further growth in its wealth management division. The lender also forecast a $1.4bn loss in the fourth quarter, tied to the planned sale of a French mortgage portfolio to Rothesay and CCF. Max Harper, an analyst at Third Bridge, said: "HSBC posted a miss this morning with transaction banking and wealth [being] bright spots, a trend our experts see continuing with opportunities for product innovation. Read more: What are share buybacks? "The macro environment should continue to benefit FX, while wealth focuses on digital innovation and expanding its private markets offering. Expenses were higher then expected, though they should still deliver on its cost-cutting programme and its mid-teens RoTE target for 2025-27. "The key challenge remains implementation, especially around senior staff costs. Their new operating model simplifies the structure to get closer to clients, supporting income growth and cross-selling. "Exiting non-core areas will allow more resources for core strengths like transaction banking and Asian wealth. The East-West split adds transparency and could ease a future breakup if political tensions rise, though that remains unlikely for now."Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
30 minutes ago
- Business Wire
Prodapt Announces Strategic Expansion in Alberta Through Partnership with Invest Alberta
DALLAS & CHENNAI, India--(BUSINESS WIRE)--Prodapt, a global leader in telecom-native services and AI-driven transformation, has signed a Memorandum of Understanding (MOU) with Invest Alberta to expand its operations in the province. This strategic partnership marks a significant step in Prodapt's North America growth strategy, with plans to deliver more than $100 million in economic impact in Alberta over five years. 'Invest Alberta's collaboration with Prodapt represents another step toward making Alberta a hub for innovation in AI and technology investments in Alberta. Their confidence in what Alberta has to offer is an indication that our province is going in the right direction in growing a cutting-edge tech ecosystem that signals to the world that we are ready for this kind of expansion. Prodapt's trust and collaboration help bring Alberta to the world, and equip our investors to develop global solutions based on AI technology,' says Rick Christiaanse, CEO of Invest Alberta. Prodapt's expansion includes establishing a nearshore delivery center to serve North American clients, with a focus on AI, cloud, and digital transformation. The company will collaborate with Alberta's leading universities to develop AI consulting and advisory services, specializing in Sovereign AI, GenAI platforms, and next-generation software engineering. 'This expansion represents more than just growth — it's a commitment to building lasting partnerships in one of North America's most ambitious innovation ecosystems,' said Manish Vyas, CEO of Prodapt. 'We're excited to collaborate with government, academia, and local businesses to advance the future of technology and deliver meaningful impact across Alberta.' Accelerating Digital Transformation in Western Canada Rajiv Papneja, Chief Technology Officer at Prodapt, noted: 'Alberta serves as a catalyst for our vision around Sovereign AI and next-gen platform engineering. With strong university ecosystems and a government focused on digital innovation, we're positioned to co-create solutions in AI, automation, and cloud that will benefit both Canada and global markets.' This initiative supports Alberta's strategic shift toward technology, clean energy, and AI-driven innovation, creating high-value opportunities for local talent and businesses. The university collaboration will include co-creating AI programs, offering real-world consulting projects, and developing a skilled workforce for tech roles. Strengthening Local Talent and Innovation The partnership strengthens Alberta's innovation landscape while positioning the province as a competitive destination for global technology investment. 'The support from Invest Alberta underscores our shared belief in Alberta's potential as a technology and talent hub. This MOU lays the foundation for a nearshore delivery center that will serve our North American clients, while fostering innovation through close collaboration with local universities and government programs,' said Sricharan Kuppam, Canada country head, Prodapt. 'As the province's engine for innovation, Alberta Innovates sees this MOU between Invest Alberta and Prodapt, as a big step forward for growing tech in Alberta,' says Mike Mahon, CEO Alberta Innovates. 'International partnerships like these are the key to diversifying and growing our economy. We couldn't be happier to welcome Prodapt to the ecosystem.' About Prodapt Prodapt is the largest specialized player in the Connectedness industry. As an AI-first strategic technology partner, Prodapt provides consulting, business reengineering, and managed services for the largest telecom and tech enterprises building networks and digital experiences of tomorrow. A ServiceNow-invested company, Prodapt has been recognized by Gartner as a Large, Telecom-Native, Regional IT Service Provider. Connecting 1.1 billion people and 5.4 billion devices across the globe, Prodapt's clients include Rogers, Telus, Verizon, Vodafone, Liberty Global, Liberty Latin America, Claro, Lumen, Windstream, KPN, Virgin Media, British Telecom, Deutsche Telekom, Google, Amazon, PayPal, SoftBank, ServiceNow, Ciena, Adtran, Samsung and many more. A 'Great Place To Work® Certified™' company, Prodapt employs over 6,000 technology and domain experts across the Americas, Europe, India, Africa, & Japan. Prodapt is part of the 130-year-old business conglomerate The Jhaver Group, which employs over 32,000 people across 80+ locations globally.
