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The Union Minister of Culture, Tourism and DONER, Shri G. Kishan has announced that a 10th century stone idol of Goat Head Yogini that had been illegally removed from a temple in Lokhari, Banda, Uttar Pradesh is being returned to India. Announcing this in a tweet today, the Culture Minister said that the repatriation of our rightful artifacts continues.
Repatriation of our rightful artifacts continues:
10th Century Goat Headed Yogini Idol which had been illegally removed from a temple in Lokhari, Uttar Pradesh is being returned to India from UK.@NarendraModi Govt is committed to realise the Civilisational Glory of Maa Bharati pic.twitter.com/mFAlt31DWF
— G Kishan Reddy (@kishanreddybjp) January 15, 2022
Earlier, the High Commission of India in London said that it is happy to announce the recovery and repatriation of a very special 10th century stone idol that had been illegally removed from a temple in Lokhari, Banda, Uttar Pradesh in sometimes the 1980s.
The sculpture is of a goat headed Yogini that originally belonged to a group of stone deities in sandstone and installed in Lokhari temple. These had been the subject of a study by Indian scholar Vidya Dahejia on behalf of National Museum in New Delhi in 1986 which was later published under the title, “Yogini Cult and Temples: A Tantrik Tradition.
It is learned that the said sculpture had briefly surfaced in the art market in London in 1988. In October 2021, High Commission of India received information about the finding of a goat-headed Yogini Sculpture that had matched the description of the Lokhari set, in the garden of a private residence near London.
India Pride project Singapore and Art Recovery International, London swiftly assisted High Commission of India, London in the identification and recovery of the Statue while the High Commission of India processed the requisite documentation with local and Indian authorities.
Interestingly, a similar sculpture of the buffalo-headed Vrishanana Yogini, apparently stolen from the same temple at Lokhari village had been recovered and repatriated by Embassy of India, Paris in 2013. Thee Vrishanana Yogini was installed in the National Museum, New Delhi in September 2013.
Lokhari is a small village situated in the Mau sub-division in Banda district of Bundelkhand, Uttar Pradesh. Yoginis are a group of powerful females divinities associated with the Tantrik mode of worship. They are worshipped as a group, often 64 and are believed to possess infinite powers.
The Goat head Yogini received at the High Commission on the auspicious day of Makar Sankranti has been dispatched to the Archaeological Survey of India, New Delhi.
Shougang Concord Century Holdings Limited (“Shougang Century”, together with its subsidiaries, “the Group”; stock code: 0103.HK) is pleased to announce its unaudited interim results for the six months ended 30 June 2021 (“the Reporting Period”).
During the Reporting Period, the Group recorded a revenue from continuing operations of approximately HK$1,283,336,000 (2020: HK$862,997,000), representing an increase of approximately 48.7% as compared with the last corresponding period, primarily attributable to the material increase in sales volume of steel cords. Gross profit from continuing operations increased by 48.5% over the same period last year to HK$226,886,000 (2020: HK$152,758,000). The Group’s net profit during the Reporting Period also increased by 45.7% from same period last year to HK$52,256,000 (2020: HK$35,863,000). Net asset value of the Group was HK$1,719,423,000 at 30 June 2021, increased by 4.5% as compared to HK$1,645,571,000 at 31 December 2020. The increase in net asset value was mainly due to the net profit during the first half of 2021. Net asset value per Share was HK$0.91 at 30 June 2021, also increased by HK$0.04 as compared to HK$0.87 at 31 December 2020. During the Reporting Period, the Group also generated positive cash inflow from operations and maintained a sustained healthy financial position.
Mr. SU Fanrong, Chairman and Managing Director of Shougang Century said, “In the first half of 2021, with the pandemic outbreak generally being controlled in China, industries are gradually recovering. The PRC’s gross domestic product in the second quarter of 2021 has increased by 7.9% as compared with the corresponding period last year, achieving an overall stable development. In addition, tyres witnessed a rigid demand amidst the general trend of recovery and growth in industries including transportation, significantly fueling sales of steel cords. Our results therefore showed a remarkable improvement during the Reporting Period.”
The steel cord segment sold 105,947 tonnes of steel cords during the Reporting Period, increased by 27.0% as compared to the same period last year (2020: 83,405 tonnes). In respect of the sales of sawing wire products, attributable to the Group’s persistent effort in exploring new customers as well as the improvement of the photovoltaic, sapphire, and magnetic material markets, sales volume increased substantially by 76.2% to 252 tonnes (2020: 143 tonnes). There was also a 3.4% increase over the corresponding period last year in sales volume of the Group’s other steel wires to 4,560 tonnes (2020: 4,410 tonnes).
Located in Zhejiang Province and Shandong Province, the Group’s two large production bases produce more than 200,000 tonnes of steel cords in total every year. To cope with the increasing demand for tyres in China and abroad, which fuels a robust market demand for steel cords, the Group expanded its production capacity through further optimizing its plant construction. In 2019, the Group kicked off an expansion plan in its Tengzhou factory and invested in new brass wire production facilities to add an additional 100,000 tonnes of steel cord production capacity. As the construction progress is satisfactory, the Group is building towards its goal to become an enterprise commanding an annual manufacturing capacity in excess of 300,000 tonnes of high-quality steel cords.
Mr. SU concluded, “Looking forward to the second half of 2021, the threat posed by the new virus variants and Sino-American relations remains uncertain. However, leveraging our exploration and experience in the steel cord industry over the years, we are confident in seizing the opportunities brought by the 14th Five Year Plan and are well poised to meet the increasing market demand for steel cords for domestic radial tyres. We will continue to make a dedicated exploration in other businesses in order to create greater synergy, whilst adopting a multi-pronged approach to improve our core competitiveness, in hope of achieve higher returns for our shareholders and investors.”
About Shougang Concord Century Holdings Limited The Group is primarily engaged in manufacturing of steel cords for radial tyres, sawing wires and hose wires. The Group possesses two large production bases in Zhejiang Province and Shandong Province, together producing more than 200,000 tonnes of steel cords in total annually. Having been delivering products of a consistently premium quality over the years, the Group supplies products to over 20 countries worldwide and has won wide recognition from international tyres manufacturers. Listed on The Stock Exchange of Hong Kong since April 1992, the Group has a strong shareholder base with substantial shareholders including Shougang Group Co., Ltd. (a state-owned enterprise under the direct supervision of the Beijing State-owned Assets Supervision and Administration Commission), a Fortune 500 company, and its controlled corporations, Bekaert Group and Li Ka Shing Foundation Limited. Through its longstanding dedication to purveying premium quality steel cords and wire products, the Group aims to become one of the top three independent manufacturers of steel cord industry in China.
For more information, please visit: http://www.shougangcentury.com.hk
Shougang Concord Century Holdings Limited (“Shougang Century”, together with its subsidiaries, “the Group”; stock code: 0103.HK) is pleased to announce that, based on its preliminary assessment of the unaudited consolidated financial statements of the Group for the six months ended 30 June 2021, the Group expects a profit after tax of not less than HK$45,000,000, at least 25% more than that of HK$35,863,000 for the same period of previous year. Such increase was primarily attributable to the material increase in sales volume of steel cords.
Shougang Century is primarily engaged in manufacturing of steel cords for radial tyres, sawing wires and other wire products. The Group’s two large production bases, which are located in Zhejiang Province and Shandong Province, produce more than 200,000 tonnes of steel cords in total every year. In 2019, the Group kicked off an expansion plan in its Tengzhou factory and invested in new brass wire production facilities to add a further 100,000 tonnes of steel cord production capacity. As the construction progress is satisfactory, the Group is building towards its goal to become an enterprise commanding an annual manufacturing capacity in excess of 300,000 tonnes of high-quality steel cords.
Mr. SU Fanrong, Chairman and Managing Director of Shougang Century said “In the first half of 2021, with the pandemic outbreak generally being contained in China, industries are gradually recovering. Driven by the robust demand on domestic transportation, tyres witnessed a rigid demand, significantly fueling sales of steel cords. As a result, the Group’s products have been in short supply. To tap the huge market of steel cords for radial tyres in the domestic market, the Group has been striving to enhance its steel cord production capacity in recent years, with an aim of capturing market opportunities in the fast-growing market, meanwhile consolidating its leading position in the domestic steel cord market. Looking ahead, we endeavour to produce consistently high-quality steel cords for radial tyres, sawing wires and other wire products. Adopting a multi-pronged approach to improve our core competencies, we will leverage the enhanced capacity to satisfy our customers’ needs and further expand our customer base, in hopes of creating better returns for our shareholders and investors.”
About Shougang Concord Century Holdings Limited Shougang Concord Century Holdings Limited (0103.HK) is primarily engaged in manufacturing of steel cords for radial tyres, sawing wires and other wire products. The Group possesses two large production bases in Zhejiang Province and Shandong Province, together producing more than 200,000 tonnes of steel cords annually. Having been delivering products of a consistently premium quality over the years, the Group supplies products to over 20 countries worldwide and has won wide recognition from international tyres manufacturers. Listed on The Stock Exchange of Hong Kong since April 1992, the Group has a strong shareholder base with substantial shareholders including Shougang Group Co., Ltd. (a state-owned enterprise under the direct supervision of the Beijing State-owned Assets Supervision and Administration Commission), a Fortune 500 company, and its controlled corporations, Bekaert Group and Li Ka Shing Foundation Limited. Through its longstanding dedication to purveying premium quality steel cords and wire products, the Group aims to become one of the top three independent manufacturers of steel cord industry in China.
For more information, please visit: http://www.shougangcentury.com.hk
Tokyo Century Corporation and NTT DOCOMO, INC. announced today that they have reached a basic understanding on a collaboration to globally expand the EDGEMATRIX edge-AI platform for video surveillance and monitoring provided by EDGEMATRIX Inc.
EDGEMATRIX simplifies the implementation and management of edge AI for processing and storing video data captured with video cameras on location (edge) at factories, buildings and other outdoor and indoor locations. The platform maps the locations of multiple Edge AI Box devices installed on site, monitors their operational status and enables the devices to be controlled remotely. Customers can purchase convenient and practical AI applications at the EDGEMATRIX Store for the simplified implementation of AI solutions for various surveillance and monitoring purposes.
Tokyo Century and DOCOMO are now exploring opportunities to market and sell EDGEMATRIX services mainly in North America but also other overseas markets. DOCOMO is looking into conducting marketing and sales activities either on its own or through local sales partners. Tokyo Century is considering options for providing customer financing and leasing, rental and subscription services for EDGEMATRIX devices and related equipment.
Tokyo Century has been working on to develop and expand a business model that integrates the three spheres of “Finance x Services x Business Expertise” through business co-creation with excellent partners as a company with financial capabilities that responds to the needs of the times. Tokyo Century will continue to create new businesses centering on advanced business models leveraging advanced digital technology and business co-creation with partner companies by utilizing its expertise in predicting constant changes in business environment and technological development.
Ever since DOCOMO became a EDGEMATRIX shareholder since 2019, they have been jointly developing and commercializing edge-AI platforms incorporating high-speed, high-capacity, low-latency 5G technology. The two firms will now collaborate with diverse partners to expand the EDGEMATRIX ecosystem in Japan and other markets worldwide, helping customers to realize enhanced security, safety and efficiency in workplaces and across society through application of EDGEMATRIX edge-AI video solutions.
DOCOMO, Tokyo Century and EDGEMATRIX look forward to contributing to an increasingly digitalized society by supporting the digital transformations of customers.
About Tokyo Century
Tokyo Century has been operating under a management environment free from regulatory constraints to develop and expand a business model that integrates the three spheres of “Finance x Services x Business Expertise” through co-creation with business partners in Japan and overseas. Tokyo Century’s four operating segments: Equipment Leasing, which serves a broad customer base; Mobility & Fleet Management, which includes auto leasing for corporate and individual customers as well as car rentals; Specialty Financing centered on aviation and real estate, which leads the way in its corporate growth; and International Business, which operates a global network encompassing over 30 countries and regions. Tokyo Century provides unique financial services that contribute to resolving social issues across broad areas of business. Tokyo Century is listed on the Tokyo Stock Exchange (8439). www.tokyocentury.co.jp/en/
About NTT DOCOMO
NTT DOCOMO, Japan’s leading mobile operator with over 80 million subscriptions, is one of the world’s foremost contributors to 3G, 4G and 5G mobile network technologies. Beyond core communications services, DOCOMO is challenging new frontiers in collaboration with a growing number of entities (“+d” partners), creating exciting and convenient value-added services that change the way people live and work. Under a medium-term plan toward 2020 and beyond, DOCOMO is pioneering a leading-edge 5G network to facilitate innovative services that will amaze and inspire customers beyond their expectations. https://www.nttdocomo.co.jp/english/.
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