logo
Frankfurt China-Germany Standardization Cooperation Innovation Center Launched

Frankfurt China-Germany Standardization Cooperation Innovation Center Launched

Yahoo4 days ago

Taicang Municipal People's Government
FRANKFURT, Germany, June 24, 2025 (GLOBE NEWSWIRE) -- The China-Germany Standardization Cooperation Innovation Center was officially inaugurated in Frankfurt on June 23. The opening ceremony, held along the scenic banks of the Rhine River, marked a significant step forward in enhancing standardization and cultural exchange between China and Germany.
The Frankfurt center is an extension of the Suzhou China-Germany Standardization Cooperation Innovation Center and represents Jiangsu Province's first standardization innovation platform established in Germany by a local government. It was jointly established by the Taicang Municipal People's Government and the Suzhou Market Supervision Administration under the guidance of the National Standardization Management Committee. The center will focus on four core areas: standardization policy exchange, standard system research, the development of international standards, and the cultivation of international standardization talents.
The core mission of the center is to strengthen collaboration with renowned German standardization bodies such as DIN and DKE, facilitating a bridge for China-Germany standard information sharing, promoting the alignment of technical regulations, and enabling Suzhou (Taicang) enterprises to participate in the formulation of international standards. This collaboration will inject "standardization" power into deepening China-Germany economic and trade relations.
Wang Xiangyuan, Secretary of the Taicang Municipal Committee, emphasized that standardization is crucial for the long-term success of enterprises. Taicang has had a 30-year cooperation history with Germany, with over 550 German-funded enterprises located in the city, forming a robust industrial ecosystem in areas such as high-end manufacturing.
Florian Spiteller, Director of International Cooperation at DKE noted that international electrical standards are central to promoting technological and cultural exchange, helping companies expand into new markets and produce reliable, safe products.
The official operation of the Frankfurt China-Germany Standardization Cooperation Innovation Center represents a solid step in the process of advancing standardization and fostering deeper trade and standardization cooperation between China and Germany. This center will inject fresh momentum into bilateral cooperation.
In recent years, Taicang has actively promoted standardization exchanges with Germany, striving to create a new model for China-Germany standardization cooperation that spans Suzhou, the Yangtze River Delta, and the entire country. Through these efforts, Taicang has become home to a strong base of German enterprises with solid manufacturing capabilities and a good standardization foundation. Taicang enterprises have led and participated in the development of numerous international and national standards, reinforcing the city's position as a key player in international standardization.
CONTACT: Mr. Feng Tel: 86-10-63074558

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Fabrizio Romano: Quansah to Undergo £35m Leverkusen Medical on Monday
Fabrizio Romano: Quansah to Undergo £35m Leverkusen Medical on Monday

Yahoo

timean hour ago

  • Yahoo

Fabrizio Romano: Quansah to Undergo £35m Leverkusen Medical on Monday

Jarell Quansah to Leverkusen: Liverpool Insert Smart Buy-Back Clause in £35m Deal Liverpool are set to bid farewell to one of their most promising young defenders, as Jarell Quansah prepares to complete a transfer to Bayer Leverkusen. As reported by Fabrizio Romano, the 22-year-old centre-back is expected to undergo his medical in Germany on Monday. The deal is all but done — and Liverpool have ensured they remain firmly in the picture for his future. Liverpool Secure Strategic Buy-Back Clause The Reds will receive an initial £30 million fee, with a further £5 million in add-ons, bringing the total package to £35 million. More importantly, Romano confirms that Liverpool have negotiated a buy-back clause starting at £60 million, with the potential to rise to £70 million depending on add-on conditions. This move mirrors the strategic thinking behind past Liverpool exits, such as Rhian Brewster's switch to Sheffield United, where a buy-back clause was also inserted. But unlike Brewster, Quansah has already proven himself at Premier League level, making 17 league appearances for the Reds during the 2023/24 campaign under Jürgen Klopp. Long-Term Thinking From Liverpool Liverpool's decision to cash in on Quansah this summer might raise eyebrows among some supporters, especially given his age and potential. But the inclusion of a substantial buy-back clause suggests this is more of a long-term loan in disguise. If Quansah blossoms into a top-tier defender — which many expect he will — the club retains the right to bring him back, albeit at a significant cost. Advertisement It's a modern, data-driven approach to squad building — sell for profit now, buy back if the trajectory explodes. Our View – Anfield Index Analysis From a Liverpool supporter's perspective, there's a blend of pride and frustration in seeing Quansah depart so soon. He came through the Academy ranks and made a strong impression last season, with performances that belied his age. Calm under pressure, good on the ball, and physically strong — many felt he had the makings of a future Anfield leader. Yet, fans will recognise the logic behind the move. With Virgil van Dijk, Ibrahima Konaté and Joe Gomez all vying for spots, playing time was always going to be a challenge. Under Arne Slot, Quansah may have risked stagnation, especially if new signings arrive in central defence. Advertisement The presence of a buy-back clause changes the emotional equation. It's not goodbye forever — more a calculated loan through the back door. And with ten Hag's Leverkusen offering Champions League exposure this could accelerate Quansah's development far beyond what squad rotation could offer at Anfield. There will be some regret, certainly — particularly if Quansah flourishes abroad. But Liverpool fans have seen this before, and they'll trust the structure put in place. If the buy-back clause proves necessary, it will mean Quansah has reached a level worthy of returning to Liverpool's first team. For now, he goes with the fans' blessing — and a close eye watching from Merseyside.

Are Investors Undervaluing Nordex SE (ETR:NDX1) By 29%?
Are Investors Undervaluing Nordex SE (ETR:NDX1) By 29%?

Yahoo

timean hour ago

  • Yahoo

Are Investors Undervaluing Nordex SE (ETR:NDX1) By 29%?

The projected fair value for Nordex is €24.72 based on 2 Stage Free Cash Flow to Equity Nordex is estimated to be 29% undervalued based on current share price of €17.49 Analyst price target for NDX1 is €19.11 which is 23% below our fair value estimate Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Nordex SE (ETR:NDX1) as an investment opportunity by estimating the company's future cash flows and discounting them to their present value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine. We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (€, Millions) €97.4m €217.4m €303.3m €304.0m €321.0m €333.5m €343.8m €352.6m €360.2m €367.1m Growth Rate Estimate Source Analyst x4 Analyst x5 Analyst x4 Analyst x2 Analyst x1 Est @ 3.89% Est @ 3.10% Est @ 2.55% Est @ 2.17% Est @ 1.90% Present Value (€, Millions) Discounted @ 6.5% €91.4 €192 €251 €236 €234 €228 €221 €213 €204 €195 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = €2.1b The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 1.3%. We discount the terminal cash flows to today's value at a cost of equity of 6.5%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = €367m× (1 + 1.3%) ÷ (6.5%– 1.3%) = €7.1b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= €7.1b÷ ( 1 + 6.5%)10= €3.8b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is €5.8b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of €17.5, the company appears a touch undervalued at a 29% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out. The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Nordex as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.5%, which is based on a levered beta of 1.210. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. See our latest analysis for Nordex Strength Debt is well covered by cash flow. Weakness Interest payments on debt are not well covered. Opportunity Annual earnings are forecast to grow faster than the German market. Trading below our estimate of fair value by more than 20%. Threat Annual revenue is forecast to grow slower than the German market. Whilst important, the DCF calculation ideally won't be the sole piece of analysis you scrutinize for a company. The DCF model is not a perfect stock valuation tool. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. Can we work out why the company is trading at a discount to intrinsic value? For Nordex, we've compiled three relevant aspects you should further examine: Risks: We feel that you should assess the 1 warning sign for Nordex we've flagged before making an investment in the company. Future Earnings: How does NDX1's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the XTRA every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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

Insiders were the biggest winners as Grenke AG's (ETR:GLJ) market cap grew by €81m last week
Insiders were the biggest winners as Grenke AG's (ETR:GLJ) market cap grew by €81m last week

Yahoo

time2 hours ago

  • Yahoo

Insiders were the biggest winners as Grenke AG's (ETR:GLJ) market cap grew by €81m last week

Significant insider control over Grenke implies vested interests in company growth A total of 3 investors have a majority stake in the company with 51% ownership 21% of Grenke is held by Institutions We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If you want to know who really controls Grenke AG (ETR:GLJ), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are individual insiders with 46% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. As a result, insiders were the biggest beneficiaries of last week's 13% gain. Let's delve deeper into each type of owner of Grenke, beginning with the chart below. View our latest analysis for Grenke Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. As you can see, institutional investors have a fair amount of stake in Grenke. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Grenke's historic earnings and revenue below, but keep in mind there's always more to the story. Hedge funds don't have many shares in Grenke. Wolfgang Grenke is currently the largest shareholder, with 43% of shares outstanding. Universal Investment GmbH is the second largest shareholder owning 5.3% of common stock, and GANÉ Investment-AG mit Teilgesellschaftsvermögen holds about 3.2% of the company stock. After doing some more digging, we found that the top 3 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own a reasonable proportion of Grenke AG. It has a market capitalization of just €695m, and insiders have €321m worth of shares in their own names. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling. The general public-- including retail investors -- own 30% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Our data indicates that Private Companies hold 3.2%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. It's always worth thinking about the different groups who own shares in a company. But to understand Grenke better, we need to consider many other factors. For example, we've discovered 3 warning signs for Grenke (1 is significant!) that you should be aware of before investing here. If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. — Investing narratives with Fair Values A case for TSXV:USA to reach USD $5.00 - $9.00 (CAD $7.30–$12.29) by 2029. By Agricola – Community Contributor Fair Value Estimated: CA$12.29 · 0.9% Overvalued DLocal's Future Growth Fueled by 35% Revenue and Profit Margin Boosts By WynnLevi – Community Contributor Fair Value Estimated: $195.39 · 0.9% Overvalued Historically Cheap, but the Margin of Safety Is Still Thin By Mandelman – Community Contributor Fair Value Estimated: SEK232.58 · 0.1% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store