首页 > 

e-sports background

2025-01-25
Mystery drones over NJ: Biden officials say ‘no evidence’ of ill intent despite few answersQuarterly net revenues were RMB539.4 million (US$76.9 million) 1 Quarterly lidar shipments were 134,208 units SHANGHAI, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), HSAI , the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended September 30, 2024. Operational Highlights Three months ended September 30, 2024 Nine months ended September 30, 2024 ADAS lidar shipments 129,913 263,148 Autonomous Mobility lidar shipments 4,295 16,687 Total lidar shipments 134,208 279,835 Q3 2024 ADAS lidar shipments were 129,913 units, representing an increase of 220.0% from 40,593 units in the corresponding period of 2023. Q3 2024 Total lidar shipments were 134,208 units, representing an increase of 182.9% from 47,440 units in the corresponding period of 2023. ADAS lidar shipments in the first nine months of 2024 were 263,148 units, representing an increase of 129.9% from 114,482 units in the corresponding period of 2023. Total lidar shipments in the first nine months of 2024 were 279,835 units, representing an increase of 108.2% from 134,380 units in the corresponding period of 2023. Management Remarks "We are thrilled to share that our business continues to thrive and advance on a strong growth path," said Yifan "David" Li, Hesai's Co-Founder and CEO. "This quarter, we have made significant strides in the ADAS market, securing new design wins, partnerships, and development programs with key players, including a Top 3 OEM in Japan, SAIC Volkswagen, Leapmotor, and a premium EV brand backed by a leading Chinese automotive group. We also have reached a key milestone in our global expansion by successfully delivering B-sample units for our worldwide shipping programs with a leading global automotive OEM. OEMs at home and abroad have widely recognized lidar's essential safety features as a critical component in their holistic safety systems, similar to an ‘active' seat belt or airbag. Furthermore, lidar's versatility, with applications in emerging areas such as industrial robotics, smart factories and logistics, continues to garner attention. Our latest flagship product, OT128, a 360° mechanical, automotive-grade long-range lidar, is designed for scalable deployment in robotaxi and industrial applications. We are actively exploring new use cases and engaging with customers across both ADAS and AM sectors, leveraging our full lineup of versatile lidars. "I am also delighted to announce that Andrew Fan has joined us as our Chief Financial Officer. Andrew brings a wealth of experience in financial strategy and corporate finance, as well as an impressive track record of driving growth and operational efficiency in dynamic industries. His insights and leadership will be invaluable as we navigate the evolving landscape and continue to strengthen our position in the global lidar industry," Dr. Li continued. "Andrew's strategic vision aligns seamlessly with our goals, and I believe his commitment to innovation and financial rigor will help us unlock new levels of success. I am confident that with his expertise and dedication, we are well-positioned for another exciting chapter of growth and accomplishment." Mr. Andrew Fan, Hesai's CFO, added, "Our strong third quarter financial performance was highlighted by robust operational execution across all key metrics. Quarterly shipment volume reached 134,208 units, marking our second consecutive quarter of nearly 50% sequential growth and propelling net revenues to RMB539.4 million (US$76.9 million), surpassing the upper range of our guidance. We maintained a robust blended gross margin of 47.7%, driven by effective cost management and our flywheel approach to cost and scale optimization. The margin was further bolstered by NRE revenues from our L4 lidar, which is being prepared for potential large-scale deployment by a leading global robotaxi player in the coming years. Our strong commitment to operational efficiency and financial discipline has also enabled us to consistently reduce our GAAP net loss for four consecutive quarters. Looking ahead, we're expecting a record-breaking fourth quarter, with lidar shipments projected to reach 200,000 units—an astounding volume nearly matching our total shipments in 2023. Based on our current estimates, fourth quarter net revenues are expected to soar to nearly US$100 million, delivering an estimated net profit of US$20 million and a positive operating cash flow. Additionally, we anticipate achieving full-year profitability on a non-GAAP basis for 2024, positioning us to become the first automotive lidar company worldwide to achieve this remarkable milestone. This anticipated explosive growth underscores our robust momentum as we drive toward a landmark fiscal year finish!" Product Updates : Launched the OT128, the Company's latest flagship 360° mechanical automotive-grade long-range lidar product, at the 2024 IAA Transportation Fair in Germany. Inheriting 95% of the key components from Hesai's best-selling AT128P ADAS lidar, the OT128 boasts a point rate of 3.45 million per second and a 200-meter detection range at 10% reflectivity. This high-performance, 360-degree perception lidar with a market-proven, vertically integrated architecture makes OT128 an ideal solution for scalable applications, including robotaxis, industrial robotics, smart factories, and logistics. Since its launch, the OT128 has secured contracts with 90+ global and domestic clients, including WeRide, Westwell, Embotech and EasyMile. Production and delivery of the OT128 have already begun. Business Updates : Global : Hesai's worldwide shipping programs with a leading global automotive OEM have progressed to the successful delivery of B-sample units, a key step in validating the performance of the Company's technology and ensuring alignment with the partner's rigorous standards. Secured two new development projects, specifically Proof of Concept (POC) programs, in the Asia market with a Top 3 OEM in Japan, covering both L2+ passenger vehicles and L4 robotaxi applications. Hesai currently has four POC programs underway with three global OEMs, each holding strong potential as these partnerships move toward the next phase. Domestic : Secured another new platform with Leapmotor, a leading EV automaker in China, as well as facelifts for two flagship models with a premium EV brand backed by a leading Chinese automotive group. A leading EV manufacturer in China has signed agreements to exclusively adopt Hesai's L3 ultra-high-performance lidar and cost-efficient ATX lidar for their 2025 models. The ATX is advancing toward the SOP phase, generating strong interest as a standard feature in 2025 OEM lineups. Signed a cooperative framework with SAIC Volkswagen for an automotive lidar program, elevating the Company's position to a strategic supplier for this top-selling automotive joint venture in China by sales volume. Hesai has secured ADAS design wins with 20 OEMs globally across 75 vehicle models. Management Change The Board of Directors of the Company (the "Board") has approved the appointment of Mr. Andrew Fan as the Company's Chief Financial Officer, effective November 25, 2024. Mr. Fan has over 18 years of experience in accounting and corporate financing. From May 2021 to September 2024, Mr. Fan held the position of chief financial officer at a leading automotive technology company. Prior to that, Mr. Fan held senior finance-related roles at listed companies including Hailiang Education Group Inc., Aesthetic Medical International Holdings Group Limited, and Dali Foods Group Company Limited, and various roles at financial institutions including Deutsche Bank, HSBC, and Macquarie. Additionally, Mr. Fan has served as an independent non-executive director of Jiangsu Innovative Ecological New Materials Limited (HKEX: 2116) since 2018. Mr. Fan graduated from Tsinghua University, with bachelor's and master's degrees in accounting in 2004 and 2006, respectively. Financial Highlights for the Third Quarter of 2024 (in RMB millions, except for per ordinary share data and percentage) Q3 2024 Q3 2023 % Change Net revenues 539.4 445.6 21.1 % Gross margin 47.7% 30.6% Loss from operations (77.2) (167.2) -53.8 % Non-GAAP 2 loss from operations (50.9) (127.4) -60.1 % Net loss (70.4) (141.8) -50.4 % Non-GAAP net loss (44.0) (101.9) -56.8 % Net loss attributable to ordinary shareholders of the Company (70.4) (141.8) -50.4 % Net loss per ordinary share-basic and diluted (0.54) (1.13) -52.2 % Non-GAAP net loss per ordinary share – basic and diluted (0.34) (0.81) -58.2 % Net revenues were RMB539.4 million (US$76.9 million) for the third quarter of 2024, representing an increase of 21.1% from RMB445.6 million for the same period of 2023. Product revenues were RMB503.1 million (US$71.7 million) for the third quarter of 2024, representing an increase of 18.1% from RMB425.8 million for the same period of 2023. The year-over-year increase was mainly attributable to increased revenues from sales of ADAS lidar products due to robust demand in China, partially offset by decreased revenues from the autonomous driving business. Service revenues were RMB36.3 million (US$5.2 million) for the third quarter of 2024, representing an increase of 84.1% from RMB19.7 million for the same period of 2023. The year-over-year increase was driven by increased revenues from non-recurring engineering services. Cost of revenues was RMB281.9 million (US$40.2 million) for the third quarter of 2024, representing a decrease of 8.9% from RMB309.4 million for the same period of 2023. Gross margin was 47.7% for the third quarter of 2024, compared with 30.6% for the same period of 2023. The year-over-year increase was due to effective cost and scale optimization on both Autonomous Mobility lidars and ADAS lidars, as well as the higher margin contributed by non-recurring engineering services performed. Sales and marketing expenses were RMB46.2 million (US$6.6 million) for the third quarter of 2024, representing an increase of 25.5% from RMB36.8 million for the same period of 2023. The year-over-year increase was primarily due to increased payroll expenses and share-based expenses of RMB8.5 million (US$1.2 million) attributable to an expanded sales and marketing team. General and administrative expenses were RMB76.5 million (US$10.9 million) for the third quarter of 2024, representing a decrease of 5.0% from RMB80.5 million for the same period of 2023. Research and development expenses were RMB220.2 million (US$31.4 million) for the third quarter of 2024, representing an increase of 14.3% from RMB192.6 million for the same period of 2023. The year-over-year increase was mainly due to increased payroll expenses of RMB18.8 million (US$2.7 million) attributable to increased headcount for research and development, and increased depreciation expenses amounting to RMB9.7 million (US$1.4 million). Loss from operations was RMB77.2 million (US$11.0 million) for the third quarter of 2024, representing a decrease of 53.8% from RMB167.2 million for the same period of 2023. Excluding share-based compensation expenses, non-GAAP loss from operations was RMB50.9 million (US$7.3 million) for the third quarter of 2024, compared with RMB127.4 million for the same period of 2023. Net loss was RMB70.4 million (US$10.0 million) for the third quarter of 2024, compared with RMB141.8 million for the same period of 2023. Excluding share-based compensation expenses, non-GAAP net loss was RMB44.0 million (US$6.3 million) for the third quarter of 2024, compared with RMB101.9 million for the same period of 2023. Net loss attributable to ordinary shareholders of the Company was RMB70.4 million (US$10.0 million) for the third quarter of 2024, compared with RMB141.8 million for the same period of 2023. Excluding share-based compensation expenses, non-GAAP net loss attributable to ordinary shareholders of the Company was RMB44.0 million (US$6.3 million) for the third quarter of 2024, compared with RMB101.9 million for the same period of 2023. Basic and diluted net loss per ordinary share were both RMB0.54 (US$0.08) for the third quarter of 2024. Excluding share-based compensation expenses, non-GAAP basic and diluted net loss per ordinary share were both RMB0.34 (US$0.05) for the third quarter of 2024. Cash and cash equivalents, restricted cash and short-term investments were RMB2,530.7 million (US$360.6 million) as of September 30, 2024, compared with RMB2,752.9 million as of June 30, 2024. Business Outlook For the fourth quarter of 2024, the Company expects net revenues to approach US$100 million (RMB702 million). The above outlook is based on the current market conditions and reflects the Company's preliminary estimates of market and operating conditions and customer demand, which are all subject to change. Conference Call The Company's management will host an earnings conference call at 8:00 PM U.S. Eastern Time on November 25, 2024 (9:00 AM Beijing/Hong Kong Time on November 26, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration process and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call. Event Title: Hesai Group Third Quarter 2024 Earnings Conference Call Pre-registration Link: https://s1.c-conf.com/diamondpass/10043265-yghrf.html Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at https://investor.hesaitech.com . A replay of the conference call will be accessible approximately an hour after the conclusion of the call until December 3, 2024, by dialing the following telephone numbers: United States: +1-855-883-1031 International: +61-7-3107-6325 Hong Kong, China: 800-930-639 China Mainland: 400-120-9216 Replay PIN: 10043265 About Hesai Hesai is the global leader in three-dimensional light detection and ranging (lidar) solutions. The Company's lidar products enable a broad spectrum of applications across passenger and commercial vehicles with advanced driver assistance systems (ADAS) and autonomous vehicle fleets (autonomous mobility). Hesai's technology also empowers robotics applications such as last-mile delivery robots and logistics robots in restricted areas. The Company's commercially validated solutions are backed by superior R&D capabilities across optics, mechanics, and electronics. Hesai integrates lidar designs with an in-house manufacturing process, facilitating rapid product development while ensuring high performance, consistent quality and affordability. Hesai has established strong relationships with leading automotive OEMs, autonomous vehicle, and robotics companies worldwide, covering over 40 countries as of December 31, 2023. Use of Non-GAAP Financial Measures To supplement Hesai's consolidated financial results presented in accordance with GAAP, Hesai uses the following measures defined as non-GAAP financial measures by the SEC: loss from operation excluding share-based compensation expenses, net loss excluding share-based compensation expenses, net loss attributable to ordinary shareholders excluding share-based compensation, and per ordinary share net loss attributable to ordinary shareholders excluding share-based compensation. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Unaudited Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this release. Hesai believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based compensation expenses that may not be indicative of its operating performance from a cash perspective. Hesai believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to Hesai's historical performance and liquidity. Hesai believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP financial measures is that they exclude share-based compensation expenses that have been and will continue to be for the foreseeable future a significant recurring expense in our business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP financial measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures. Exchange Rate Information This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB7.0176 to US$1.00, the exchange rate on September 30, 2024, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollars amounts referred could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "confident," "potential," "continue" or other similar expressions. Among other things, the business outlook and quotations from management in this announcement, as well as the Company's strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; expected changes in the Company's revenues, costs or expenditures; the trends in, expected growth and the market size of the ADAS, autonomous mobility and robotics industries; the market for and adoption of lidar and related technology; the Company's ability to produce high-quality products with wide market acceptance; the success of the Company's customers in developing and commercializing products using its solutions, and the market acceptance of those products; the Company's ability to introduce new products that meet its customers' requirement; the Company's expectations regarding the effectiveness of its marketing initiatives and the relationship with its third-party partners; competition in the Company's industry; the Company's ability to recruit and retain qualified personnel; relevant government policies and regulations relating to the Company's industry; the Company's ability to protect its systems and infrastructures from cyber-attacks; general economic and business conditions globally and in China; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: In China: Hesai Group Yuanting "YT" Shi, Investor Relations Director Email: ir@hesaitech.com Piacente Financial Communications Jenny Cai Tel: +86 (10) 6508-0677 Email: hesai@tpg-ir.com In the United States: Piacente Financial Communications Brandi Piacente Tel: +1-212-481-2050 Email: hesai@tpg-ir.com Source: Hesai Group HESAI GROUP UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All amounts in thousands, except share and per share data and otherwise noted) As of December 31, 2023 September 30, 2024 RMB RMB US$ ASSETS Current assets: Cash and cash equivalents 1,554,583 2,162,451 308,147 Restricted cash 3,541 3,504 499 Short-term investments 1,586,005 364,758 51,978 Notes receivables - 77,932 11,105 Accounts receivable, net 524,818 787,882 112,272 Contract assets 19,688 18,227 2,597 Amounts due from related parties 5,015 4,959 707 Inventories 495,877 591,615 84,304 Prepayments and other current assets 208,082 239,101 34,072 Total current assets 4,397,609 4,250,429 605,681 Non-current assets: Property and equipment, net 871,611 936,944 133,513 Long-term investments 31,811 31,811 4,533 Intangible assets, net 78,730 83,541 11,904 Land-use rights, net 40,743 40,095 5,713 Right-of-use assets 151,871 120,003 17,100 Other non-current assets 90,168 94,361 13,446 Total non-current assets 1,264,934 1,306,755 186,209 TOTAL ASSETS 5,662,543 5,557,184 791,890 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term borrowings 111,682 218,457 31,130 Notes payable 7,255 48,560 6,920 Accounts payable 269,439 235,706 33,588 Contract liabilities 79,925 58,161 8,288 Amounts due to related parties 340,051 331,420 47,227 Accrued warranty liability 28,425 37,710 5,374 Accrued expenses and other current liabilities 498,324 448,220 63,865 Total current liabilities 1,335,101 1,378,234 196,392 Non-current liabilities Operating lease liabilities 119,413 103,662 14,772 Long-term borrowings 285,898 298,892 42,592 Other non-current liabilities 59,813 53,766 7,662 Total non-current liabilities 465,124 456,320 65,026 TOTAL LIABILITIES 1,800,225 1,834,554 261,418 Shareholders' Equity Class A Ordinary shares 19 19 3 Class B Ordinary shares 67 69 10 Additional paid-in capital 7,423,862 7,536,450 1,073,936 Subscription receivables (292,721 ) (292,721 ) (41,712 ) Accumulated other comprehensive income 38,440 35,501 5,059 Accumulated deficit (3,307,349 ) (3,556,688 ) (506,824 ) TOTAL SHAREHOLDERS' EQUITY 3,862,318 3,722,630 530,472 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 5,662,543 5,557,184 791,890 HESAI GROUP UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (All amounts in thousands, except share and per share data and otherwise noted) Three months ended September 30, 2023 2024 RMB RMB US$ Net revenues 445,562 539,417 76,866 Cost of revenues (309,429 ) (281,913 ) (40,172 ) Gross profit 136,133 257,504 36,694 Operating expenses: Sales and marketing expenses (36,848 ) (46,218 ) (6,586 ) General and administrative expenses (80,496 ) (76,523 ) (10,904 ) Research and development expenses (192,574 ) (220,248 ) (31,386 ) Other operating income, net 6,542 8,259 1,177 Total operating expenses (303,376 ) (334,730 ) (47,699 ) Loss from operations (167,243 ) (77,226 ) (11,005 ) Interest income 28,899 25,514 3,636 Interest expenses (1,166 ) (3,557 ) (507 ) Foreign exchange loss, net (2,260 ) (13,695 ) (1,952 ) Other loss, net (24 ) (1,477 ) (210 ) Net loss before income tax and share of loss in equity method investments (141,794 ) (70,441 ) (10,038 ) Income tax benefit 40 68 10 Share of income/(loss) in equity method investment (11 ) 18 3 Net loss (141,765 ) (70,355 ) (10,025 ) Net loss attributable to ordinary shareholders of the Company (141,765 ) (70,355 ) (10,025 ) Net loss per share: Basic and diluted (1.13 ) (0.54 ) (0.08 ) Weighted average ordinary shares used in calculating net loss per share: Basic and diluted 125,797,264 129,897,736 129,897,736 Net loss (141,765 ) (70,355 ) (10,025 ) Other comprehensive loss: Foreign currency translation adjustments (10,874 ) (8,960 ) (1,277 ) Comprehensive loss (152,639 ) (79,315 ) (11,302 ) HESAI GROUP UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (All amounts in thousands, except share and per share data and otherwise noted) Nine months ended September 30, 2023 2024 RMB RMB US$ Net revenues 1,315,805 1,357,399 193,428 Cost of revenues (885,894 ) (753,847 ) (107,423 ) Gross profit 429,911 603,552 86,005 Operating expenses: Sales and marketing expenses (99,137 ) (143,927 ) (20,509 ) General and administrative expenses (186,735 ) (211,436 ) (30,129 ) Research and development expenses (562,071 ) (613,259 ) (87,389 ) Other operating income, net 9,275 53,613 7,640 Total operating expenses (838,668 ) (915,009 ) (130,387 ) Loss from operations (408,757 ) (311,457 ) (44,382 ) Interest income 69,024 81,906 11,672 Interest expenses (2,236 ) (9,177 ) (1,308 ) Foreign exchange income/(loss) 6,837 (8,657 ) (1,234 ) Other income/(loss), net 34 (1,406 ) (200 ) Net loss before income tax and share of loss in equity method investments (335,098 ) (248,791 ) (35,452 ) Income tax benefit/(expense) 75 (547 ) (78 ) Share of loss in equity method investment (34 ) (1 ) (1 ) Net loss (335,057 ) (249,339 ) (35,531 ) Net loss attributable to ordinary shareholders of the Company (335,057 ) (249,339 ) (35,531 ) Net loss per share: Basic and diluted (2.70 ) (1.94 ) (0.28 ) Weighted average ordinary shares used in calculating net loss per share: Basic and diluted 124,206,950 128,775,472 128,775,472 Net loss (335,057 ) (249,339 ) (35,531 ) Other comprehensive loss: Foreign currency translation adjustments 57,563 (2,939 ) (419 ) Comprehensive loss (277,494 ) (252,278 ) (35,950 ) HESAI GROUP UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (All amounts in thousands, except share and per share data and otherwise noted) For the three months ended September 30, 2023 2024 RMB RMB US$ Loss from operations (167,243 ) (77,226 ) (11,005 ) Add: Share-based compensation expenses 39,820 26,353 3,755 Non-GAAP loss from operations (127,423 ) (50,873 ) (7,250 ) Net loss (141,765 ) (70,355 ) (10,025 ) Add: Share-based compensation expenses 39,820 26,353 3,755 Non-GAAP net loss (101,945 ) (44,002 ) (6,270 ) Net loss attributable to ordinary shareholders of the Company (141,765 ) (70,355 ) (10,025 ) Add: Share-based compensation expenses 39,820 26,353 3,755 Non-GAAP net loss attributable to ordinary shareholders of the Company (101,945 ) (44,002 ) (6,270 ) Loss per share: Basic and diluted (1.13 ) (0.54 ) (0.08 ) Add: Share-based compensation expenses per ordinary share 0.32 0.20 0.03 Non-GAAP net loss per ordinary share – basic and diluted (0.81 ) (0.34 ) (0.05 ) HESAI GROUP UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (All amounts in thousands, except share and per share data and otherwise noted) For the Nine months ended September 30, 2023 2024 RMB RMB US$ Loss from operations (408,757 ) (311,457 ) (44,382 ) Add: Share-based compensation expenses 194,057 92,657 13,204 Non-GAAP loss from operations (214,700 ) (218,800 ) (31,178 ) Net loss (335,057 ) (249,339 ) (35,531 ) Add: Share-based compensation expenses 194,057 92,657 13,204 Non-GAAP net loss (141,000 ) (156,682 ) (22,327 ) Net loss attributable to ordinary shareholders of the Company (335,057 ) (249,339 ) (35,531 ) Add: Share-based compensation expenses 194,057 92,657 13,204 Non-GAAP net loss attributable to ordinary shareholders of the Company (141,000 ) (156,682 ) (22,327 ) Loss per share: Basic and diluted (2.70 ) (1.94 ) (0.28 ) Add: Share-based compensation expenses per ordinary share 1.56 0.72 0.11 Non-GAAP net loss per ordinary share – basic and diluted (1.14 ) (1.22 ) (0.17 ) _______________________________________ 1 All translations from RMB to USD for the third quarter of 2024 were made at the exchange rate of RMB7.0176 to US$1.00, the exchange rate on September 30, 2024, set forth in the H.10 statistical release of the Federal Reserve Board. 2 See "Use of Non-GAAP Financial Measures" and "Unaudited Reconciliation of GAAP and Non-GAAP Results" included in this release for further details. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Marientale-sports background



Macron to name new French PM Friday after days of deadlockMemphis beats No. 2 UConn 99-97 in overtime to tip off Maui Invitational

What does a spy agency give for Christmas ? How about a riddle wrapped in an enigma inside a mystery. GCHQ, Britain’s electronic and cyber-intelligence agency , on Wednesday published its annual Christmas Challenge – a seasonal greeting card that doubles as a set of fiendishly difficult puzzles designed to excite young minds about solving cyphers and unearthing clues. The challenge is aimed at young people aged 11 to 18, who are encouraged to work in teams and use “lateral thinking, ingenuity and perseverance” to crack the seven brainteasers set by GCHQ’s “in-house puzzlers.” The card is sent by the head of GCHQ — short for Government Communications Headquarters — to other national security chiefs around the world. Puzzles were first included in 2015 and have become an annual tradition. The card can be downloaded from the GCHQ website, and has become popular with teachers – the agency says a third of British secondary schools have downloaded it. The agency admits the festive fun has an ulterior motive. GCHQ Director Anne Keast-Butler said she hoped the card would inspire young people to explore STEM subjects – science, technology, engineering and mathematics – “and to consider what a career in cybersecurity and intelligence might have to offer.” It also aims to dispel some myths about intelligence work, fueled by super-agent James Bond and other fictional spies. GCHQ’s “chief puzzler,” Colin, said the challenge is best solved by teamwork, in contrast to the popular image of the lone genius or solo secret agent. “Don’t get me wrong – we have geniuses in the department,” said Colin, who gave only his first name because of the secret nature of his work. “But critically what we have is a large number of people with different skills coming together. “The skills we want are quite diverse. We like analytical skills but also lateral thinking skills. And we like the idea with some of these puzzles that it involves a certain amount of perseverance to get to the answer.” The card features a map of the U.K., linked to the locations where GCHQ has bases, including its high-tech headquarters in Cheltenham, western England, nicknamed the doughnut because of its shape. Many British people are keen puzzle-solvers, and the link between puzzlers and spycraft is often celebrated – notably in the many books, films and TV shows about Bletchley Park, a complex of buildings and wooden huts northwest of London where, during World War II, hundreds of mathematicians, cryptologists, crossword puzzle experts and computer pioneers worked to crack Nazi Germany’s secret codes. Historians say their work shortened World War II by as much as two years. Colin said that among new recruits to GCHQ, “we now hear more and more that they first heard of GCHQ through puzzling.” “It definitely inspires people.” Technology has advanced immeasurably since the days of Bletchley Park, but — reassuringly — making and solving puzzles is one area that still needs the human touch. “AI doesn’t have a good record either setting or solving puzzles, not of this sort,” Colin said. “It is still the case that people are able to set interesting puzzles in a way that AI isn’t – thank goodness.”The Ottawa Police Service says it continues to receive reports of a card swap fraud involving illegitimate taxis or rideshares. Police say residents should be vigilant when approached by a person asking for assistance in paying for a taxi fare by debit or credit card. The victim is told the driver will not accept cash and is offered change in exchange for paying for the ride with their card. A notice from police warning of the scam was first made in August after a similar issue was reported in Kington, Ont. Police say that in at least one case, the vehicle bore a roof sign and taxi plate stolen from a legitimate taxi company licenced to operate only in Toronto. Ottawa police and bylaw are reminding the public that all licenced taxis in the city will have a City of Ottawa logo located on the right side of the rear bumper. The plate is either blue with white lettering or white with green letters. In addition, a roof sign will indicate the taxi company and plate number. There will be an identification number on both sides of the vehicle and a taximeter with a City of Ottawa seal. Taxi drivers must also have a driver identification card with their photo and driver number. There are only four licenced taxi companies licenced to operate in Ottawa. They are Blue Line Taxi Co. Ltd., Capital Taxi, West-Way Taxi and Executive Cabs. Police are providing the following safety tips: Reports of fraud can be made by calling the Police Reporting Unit at 613-236-1222, ext. 7300 or by filing a report online. Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. Editor's Picks The Best Gifts To Give Teachers Under $25 20 Of The Best Gifts Worth Splurging On In 2024 15 Amazon Canada Stocking Stuffers Under $10 That Everyone Will Love Home Our Guide To The Best Soda Makers In Canada In 2024 (And Where To Get Them) The Good Stuff: Our Favourite Christmas Lights For 2024 Our Guide To The Best Sectional Sofas You Can Get In Canada Gifts 22 Tiny (And Wonderful) Gifts To Stuff Your Stockings With This Year The Best Gifts For People Who Are Cold All The Time 15 Unique Gifts You'll Want To Order For Yourself, Too Beauty 12 Budget-Friendly Products To Add To Your Winter Skincare Routine Our Guide To The Best Self Tanners You Can Get In Canada 20 Anti-Aging Skincare Products That Reviewers Can’t Stop Talking About Deals Don’t Walk, Run! These LEGO Kits Are On Sale And Ready To Gift Black Friday May Be Over, But You Can Still Take Advantage Of These Amazing Sales On Amazon Canada It's Officially Travel Tuesday: Here Are The Best Deals On Flights, Hotels, And Vacations Ottawa Top Stories Bus parked at OC Transpo depot destroyed by fire Two additional arrests made in connection with Val-des-Monts death investigation Crews begin removing cargo from ship stuck in St. Lawrence River in eastern Ontario Here's what will cost more in the 2025 City of Ottawa budget Ottawa police warning of ongoing card swap scam involving taxis and rideshares 'Enough is enough': Doug Ford says Ontario could hand encampment drug users $10,000 fines, prison Tips for travellers flying through the Ottawa International Airport this holiday season Ottawa police seeking to locate Bank St. robbery suspect CTVNews.ca Top Stories Ottawa has sold its stake in Air Canada: sources Two senior federal government sources have confirmed to CTV News that the federal government has sold its stake in Air Canada. During the COVID-19 pandemic in 2021, the government purchased a six per cent stake in the airline for $500 million as part of a bailout package. Premiers disagree on whether Canada should cut off energy supply to U.S. if Trump moves ahead with tariffs Some of Canada's premiers appeared to disagree with Ontario Premier Doug Ford on his approach to retaliatory measures, less than a day after he threatened to cut off the province's energy supply to the U.S. if president-elect Donald Trump follows through on his threat of punishing tariffs. She took a DNA test for fun. Police used it to charge her grandmother with murder in a cold case According to court documents, detectives reopened the cold case in 2017 and then worked with a forensics company to extract DNA from Baby Garnet's partial femur, before sending the results to Identifinders International. BREAKING | Travis Vader, killer of Lyle and Marie McCann, denied day parole The man who killed an Alberta couple in 2010 has been denied day parole. McDonald's employee who called 911 in CEO's shooting is eligible for reward, but it will take time More than 400 tips were called into the New York Police Department's Crime Stoppers tip line during the five-day search for a masked gunman who ambushed and fatally shot UnitedHealthcare CEO Brian Thompson last week. Man who set fires inside Calgary's municipal building lost testicle during arrest: ASIRT Two Calgary police officers have been cleared of any wrongdoing in an incident that saw a suspect lose a testicle after being shot with an anti-riot weapon. Country star Morgan Wallen sentenced in chair-throwing case Country music star Morgan Wallen on Thursday pleaded guilty to two misdemeanour counts of reckless endangerment for throwing a chair from the rooftop of a six-storey bar in Nashville and nearly hitting two police officers with it. 'I recognize these footsteps': How Trump and 'coyote' smuggling changed life at the border Bent signs bolted to the rail threaten fines and imprisonment should violators cross the boundary into the United States, a warning many people are choosing to ignore simply by walking around the barrier. Weather warnings for hazardous conditions in parts of Canada Canadians experienced contrasting weather on Thursday, from warmer temperatures in the Maritimes to extreme cold in parts of Ontario, the Prairies and the North. Atlantic Bass River, N.S., bridge partially collapses A bridge in Bass River, N.S., partially collapsed on Wednesday. The wooden structure was under construction when one side gave way and fell into the river. N.S. Premier Tim Houston reveals new cabinet, department names The new cabinet for the Nova Scotia government will have its swearing-in ceremony Thursday afternoon. Deal between Ottawa and N.S. First Nation over contested fishery nearly done: lawyer The lawyer for a Mi'kmaq band that has battled Ottawa over its lobster harvest rights says a deal settling the "centuries-old" fishing dispute is nearly complete. Toronto 'Enough is enough': Doug Ford says Ontario could hand encampment drug users $10,000 fines, prison Ontario Premier Doug Ford says his government is introducing a suite of measures to help municipalities “address and dismantle” homeless encampments around the province, including steep fines for people who use drugs. Video shows suspects armed with sledgehammer break into spa in Markham Three teenagers and a 19-year-old man have been arrested and three more are at large in connection with a series of spa robberies in Markham and Toronto, one of which was captured on security camera. Dog found after vehicle stolen in Toronto A dog that was inside a vehicle when it was stolen in Toronto on Wednesday has been found, police say. Montreal Judge to set trial date in February in Robert Miller sex crimes case A judge has adjourned the criminal case against Montreal billionaire Robert Miller after he was recently charged with new sexual offences involving a minor. 'We're seeing over 30 refusals every day': Montreal shelters struggling with winter weather underway With winter underway, women's homeless shelter Chez Doris has announced it will resume its 24/7 service and raise funds for a new day shelter at the historic Fulford building. Quebec to pay 30 times more for power out of N.L. plant after decades-long dispute Quebec and Newfoundland announced today a new arrangement that will see Quebec pay 30 times more for power from the Churchill Falls hydroelectricity plant in Labrador. Northern Ontario BREAKING | Northern Ont. bank employee taken to hospital with serious injuries after shooting An employee at Northern Credit Union in Wawa, Ont., was taken to hospital with serious injuries after a shooter entered the branch and opened fire Thursday morning, the financial institution said in a statement. Stabbing in wooded area of Sudbury results in attempted murder charge Sudbury police have charged a man, 28, with attempted murder after a stabbing in wooded area off Leslie Street on Wednesday night. Ottawa has sold its stake in Air Canada: sources Two senior federal government sources have confirmed to CTV News that the federal government has sold its stake in Air Canada. During the COVID-19 pandemic in 2021, the government purchased a six per cent stake in the airline for $500 million as part of a bailout package. Windsor Shots fired in South Windsor, one injured An investigation is underway after the Windsor Police Service said multiple shots were fired at a group of people in South Windsor. 'You lose that sense of hope': Windsorite describes what it is like to be forced from a homeless encampment A Windsorite is describing what it is like to be forced from a homeless encampment. Windsor police ‘ready to go’ with launch of Next-Generation 911 but can’t launch it yet The chief of the Windsor Police Service says the force is ready for a modernized 911 system, designed to improve emergency response by integrating up-to-date communication technologies. London Man and woman charged following armed robbery in Exeter: OPP According to police, on Saturday afternoon just after 1:00 p.m., the pair entered a residence on Carling Street and assaulted and stole money from the people inside. Blizzard warning shuts down large parts of midwestern Ontario It was a day to stay home, if you could, across much of midwestern Ontario due to weather. 40 to 80 cm of snow in some areas: Blizzard and snow squall warnings up across the region Blizzard and snow squall warnings have rolled across much of southern Ontario – with up to 15 centimeters expected today, and blowing snow reducing visibility on roadways. Kitchener 'Enough is enough': Doug Ford says Ontario could hand encampment drug users $10,000 fines, prison Ontario Premier Doug Ford says his government is introducing a suite of measures to help municipalities “address and dismantle” homeless encampments around the province, including steep fines for people who use drugs. Marathon budget meeting ends without setting Waterloo Region budget Waterloo Region Council was expected to set the 2025 budget on Wednesday, but after a marathon meeting, councillors left the horseshoe without making a final decision. Premier proposing legislation to clear encampments and target illegal drug use Ontario Premier Doug Ford is proposing stronger legislation for breaking up encampments. Barrie Shotgun fired, tv stolen in home invasion, suspects at large Provincial police are seeking suspects allegedly involved in an armed home invasion and robbery in Everett over the weekend. Significant weather event declared in Owen Sound amid weather warning The City of Owen Sound has declared a significant weather event with the region under a blizzard warning on Thursday as lake-effect snow squalls hammer the area. Jack-knifed tractor-trailer caused disruptions on Highway 11 in Gravenhurst A jack-knifed tractor-trailer caused lane closures along Highway 11 near Bethune Drive South in Gravenhurst. Winnipeg Manitoba premier eyes list of possible retaliatory measures for U.S. tariffs Manitoba Premier Wab Kinew says his government is preparing a list of potential retaliatory measures if the United States government imposes new tariffs on Canadian goods. RCMP officer shot with replica gun during call A Manitoba RCMP officer was shot with a replica gun during a recent call in Gimli. 'Concerning:' Manitoba homicides spiked in 2024 Manitoba RCMP has seen a spike in homicides in 2024. Calgary ‘Very odd’: Death of young Calgary woman remains a mystery: police Calgary police are calling on the public to come forward with any information they may have following the death of a young woman found unconscious on a northeast pathway. Man who set fires inside Calgary's municipal building lost testicle during arrest: ASIRT Two Calgary police officers have been cleared of any wrongdoing in an incident that saw a suspect lose a testicle after being shot with an anti-riot weapon. Drumheller students hosting annual Seniors Christmas Dinner Drumheller grade school students have turned into servers, escorts and entertainers for a day at a free turkey dinner for close to 350 seniors from the town and surrounding area. Edmonton BREAKING | Travis Vader, killer of Lyle and Marie McCann, denied day parole The man who killed an Alberta couple in 2010 has been denied day parole. Edmonton police chief to assume leadership roles in Alberta public service, executive council Dale McFee will start a job in the high level of Alberta's government three days after his last day as the chief of Edmonton Police Service in February. Jasper Place courts to become year-round tennis, pickleball facility The Jasper Place tennis courts will be turned into a year-round tennis and pickleball facility. Regina Sask. premier says collaboration needed to tackle border security and avoid Trump tariffs Saskatchewan Premier Scott Moe says an “all hands-on-deck approach” is needed to address border security concerns to avoid U.S. President-elect Donald Trump's tariff threat on products from Canada and Mexico. Frost Festival returns to Queen City for fourth year The Regina Downtown Business Improvement District (BID), City of Regina and REAL District announced the return of the Frost Festival for a fourth-straight year. Three charged after Regina police officer assaulted during break and enter investigation Three people are facing a lengthy list of charges after a break and enter investigation led to a Regina police officer being assaulted and injured Tuesday night. Saskatoon Nearly 1,500 people in Saskatoon are homeless, according to the latest count Nearly 1,500 people in Saskatoon are homeless, according to the latest point-in-time (PiT) Count conducted by the city and outside partners. Prince Albert police release photo of suspect in family/grandparent scam The Prince Albert Police Service (PAPS) is releasing a photo of a person of interest in connection with a family/grandparent emergency scam following multiple reports. Sask. premier says collaboration needed to tackle border security and avoid Trump tariffs Saskatchewan Premier Scott Moe says an “all hands-on-deck approach” is needed to address border security concerns to avoid U.S. President-elect Donald Trump's tariff threat on products from Canada and Mexico. Vancouver Crews search for missing skier at B.C. resort Police and rescue crews are searching for a man who was last seen boarding a ski lift at B.C.'s Sun Peaks Resort Tuesday. B.C. boosts tax incentives to support film and television production The British Columbia government is increasing tax incentives for both local and international film and TV projects in an effort to attract more major productions to the province. Rescued harbour seals released 'home for the holidays' in B.C. Eight rescued harbour seals were released back into the ocean Thursday. Vancouver Island Man charged after victim pinned to tree with vehicle in Victoria A 34-year-old man is facing multiple criminal charges after allegedly striking a man with his vehicle and pinning him against a tree in Victoria, causing serious injuries. B.C. boosts tax incentives to support film and television production The British Columbia government is increasing tax incentives for both local and international film and TV projects in an effort to attract more major productions to the province. Police say 42 vehicles vandalized in 'campaign of destruction' in Nanaimo, B.C. Mounties are investigating after more than 40 vehicles were vandalized in what police described as a "campaign of destruction" across Nanaimo, B.C. Kelowna Study of 2023 Okanagan wildfires recommends limiting development in high-risk areas A study into the devastating wildfires that struck British Columbia's Okanagan region in 2023 has recommended that government and industry limit development in high-fire-risk areas. Kelowna, B.C., to host the Memorial Cup in the spring of 2026 The Western Hockey League's Kelowna Rockets will host the Memorial Cup in the spring of 2026, the Canadian Hockey League said Wednesday. 545 vehicles impounded in 332 days: BC Highway Patrol pleads for drivers to slow down Mounties with the BC Highway Patrol in Kelowna say they've impounded more than 545 vehicles for excessive speed and aggressive driving so far this year. That works out to more than 1.6 per day. Stay ConnectedThe lively art of African board game design

No. 7 Tennessee dispatches UT Martin to remain undefeated

Gretchen McKay | (TNS) Pittsburgh Post-Gazette PITTSBURGH — Many Americans consider social media a scourge, but for a home cook, it can be a fun and informative place to get help deciding what to eat. Sure, some of the recipes would-be influencers recommend are in fact pretty abominable — check out @chefreactions on TikTok, Instagram or X for many, many examples — but I have stumbled across some pretty good recipes on many occasions, too. Related Articles Restaurants, Food and Drink | In season: The universal joy of carrots Restaurants, Food and Drink | Don’t shun pinot grigio! The good versions of wines you think are bad Restaurants, Food and Drink | Quick Fix: Horseradish Crusted Snapper with Arugula Pasta Restaurants, Food and Drink | 3 recipes to help you through the busy holiday season Restaurants, Food and Drink | Roasted orange delivers big flavor in this smoky chicken traybake One that’s been going viral for a while and but only recently caught my eye shines a spotlight on the creamy, tomatoey dish known as Marry Me chicken. There are probably as many recipes for Marry Me chicken on social media as there are cooks. (Delish claims to have created the video recipe for the original dish, also known as Tuscan chicken, in 2016.) But in my opinion, the best variations hang their chef’s hat on a sauce made with sun-dried tomatoes, garlic and cream. Yum! This rich and luxurious entree is a definite step above the “engagement” chicken that caused a similar stir when it made its debut in Glamour magazine in 2004. That proposal-worthy recipe — saved for posterity in the 2011 cookbook “100 Recipes Every Woman Should Know: Engagement Chicken and 99 Other Fabulous Dishes to Get You Everything You Want in Life” — featured a whole chicken roasted with lemon and herbs. Awesome for sure, but not nearly as swoon worthy. I’ve been married for a very long time, so I’m not looking for a dish that will get me engaged. But who wouldn’t want applause when they put dinner on the table? That’s how Delish’s original recipe made it into the latest installment of “Dinner for Four for $25.” Usually when I’m building these economical meals, I do all my shopping in one store. This time, I shopped over the course of a weekend at some of my favorite haunts to see if that made a difference. (And no, I didn’t factor in the cost of gas, but maybe should have!) First stop after downing my Saturday morning latte and Nutella mele at a street-side table at Colangelo’s in the Strip District: Wholey’s Market, where I found boneless chicken breast at the bargain price of $3.89 per pound. I then crossed the street and headed down the block to Pennsylvania Macaroni Co., where I found several varieties of sun-dried tomatoes to chose from. I went with a jar of Ponti sun-dried cherry tomatoes for $5.09 — a definite splurge when your budget is only $25, but an ingredient I knew would deliver plenty of flavor. At Aldi, I found a bag of five huge lemons for $3.89, or 78 cents apiece, and a nice package of fresh broccoli for $2.28. A bargain, considering I would only use about two-thirds of it. The German supermarket chain known for its low prices and no-frills shopping experience (you have to deposit a quarter to get a shopping cart) also had butter — a main ingredient in my sandwich cookie dessert — on sale for $3.99 a pound. A bag of powdered sugar was pretty cheap, too, at just $2.09 for a two-pound bag. “Shopping” my pantry for ingredients I always have on hand, including garlic, olive oil, spices, rice, molasses and vanilla, once again helped keep costs down. Total bill: $24.38, or 62 cents under budget. Not bad when you consider the homemade dessert recipe makes more oatmeal sandwich cookies than a family can/should eat at one sitting. PG tested Sun-dried tomatoes could be considered a splurge item because even a tiny jar is expensive, but their concentrated, sweet and tangy tomato goodness add so much flavor to a dish! They are certainly the star of this chicken dish that has been making the rounds on social media platforms. Some say the entree is so good, you’ll get a marriage proposal out of it. At any rate, the Parmesan cream sauce that gets spooned on top of the chicken and rice will certainly make your diners swoon. This original recipe from Delish.com is a pretty easy dish to get on the table in quick fashion. Just remember to use a dry pot holder to take the pan out of the oven because it will be very hot; I very stupidly used a damp dish towel and now have another cooking scar. 4 (8-ounce) boneless, skinless chicken breasts Kosher salt Freshly ground black pepper 3 tablespoons extra virgin olive oil, divided 2 cloves garlic, finely chopped 1 tablespoons fresh thyme leaves 1 teaspoon crushed red pepper flakes 3/4 cup chicken broth 1/2 cup chopped sun-dried tomatoes packed in oil 1/2 cup heavy cream 1/4 cup finely grated Parmesan Fresh basil, torn, for serving, optional Cooked rice, for serving Preheat oven to 375 degrees. In a large ovenproof skillet over medium-high heat, heat 1 tablespoon oil. Generously season chicken with salt and black pepper and cook, turning halfway through, until golden brown, about 5 minutes per side. Transfer chicken to a plate. In same skillet over medium heat, heat remaining 2 tablespoons oil. Stir in garlic, thyme and red pepper flakes. Cook, stirring, until fragrant, about 1 minute. Stir in broth, tomatoes, cream, and Parmesan; season with salt. Bring to a simmer, then return chicken and any accumulated juices to skillet. Transfer skillet to oven. Bake chicken until cooked through and juices run clear when chicken is pierced with a knife, 10-12 minutes. Arrange chicken on a platter. Spoon sauce over. Top with basil, if using, and serve with cooked rice. Serves 4. — delish.com PG tested Broccoli is a reliable veggie when you need a little something extra to round out a meal and don’t want to spend a fortune. Here, it’s blanched until crisp-tender and then tossed with lemon juice and zest and a pinch of red pepper flakes. I used lemon olive oil (already on hand) for an extra burst of citrus flavor. 1 large bunch broccoli, separated into florets 2 tablespoons olive oil or butter 1 clove garlic, minced Juice and zest of 1/2 lemon 1 pinch (or two) red pepper flakes Flaky salt and freshly ground ground black pepper, to taste Place broccolini in a large skillet with about 2 inches of water; bring to a boil and cook until bright green, 1-2 minutes. Drain. Heat olive oil in the same skillet over medium heat. Stir in garlic and cook until golden and fragrant, 1-2 minutes. Add broccoli; cook and stir until heated through, 2-3 minutes. Squeeze lemon juice and zest over broccoli and season with red pepper flakes, salt, and pepper. Serves 4. — Gretchen McKay, Post-Gazette PG tested Remember how if you were lucky when you were a kid you got an individually wrapped Little Debbie Oatmeal Creme Pie in your lunchbox? These soft and chewy oatmeal cookies sandwiched with vanilla buttercream taste exactly the same. Actually, they’re better because they’re not made with corn syrup and artificial flavorings, but rather real butter and brown sugar. It’s important to let the cookies cool on the baking sheet for a few minutes before transferring them to a rack. Otherwise they will fall apart. The icing is very sweet, so you might want to reduce the amount of powdered sugar. For cookies 1/2 cup unsalted butter, at room temperature 1 cup packed light brown sugar 1 tablespoon molasses 1 large egg, room temperature 1 teaspoon vanilla 1 1/4 cups all-purpose flour 1/2 cup old-fashioned oats 3/4 teaspoon baking soda 1/2 teaspoon salt For filling 1/2 cup unsalted butter, at room temperature 3 cups powdered sugar 2 tablespoons heavy cream 2 teaspoons vanilla Pinch of salt Preheat oven to 325 degrees and line two sheet pans with parchment paper. In stand mixer outfitted with whisk attachment add butter, brown sugar and molasses and beat on low speed until combined. Gradually increase speed to medium-high and beat until smooth, about 2 minutes. Scrape down sides and bottom of bowl with spatula, then add egg and vanilla extract. Beat on medium-high speed until combined. Add flour, oats, baking soda and salt and beat on low speed until just combined and no streaks of flour remain. Use a 1/2 -ounce cookie scoop tor tablespoon measure to portion out equal amounts of dough. Roll the dough in your hands to smooth the edges, then place 2 inches apart on prepared pans. Bake until cookies have puffed up and are set and firm around the edges but still somewhat soft in the middle, 9-11 minutes. Remove sheet pans from oven and allow cookies to rest on the pans for 5 minutes, then use a metal spatula to transfer cookies to a cooling rack to cool completely. Once cookies have cooled, make filling. In stand mixer fitted with the paddle attachment, combine butter, confectioners’ sugar, cream, vanilla and salt. Beat on low speed, gradually increasing the speed to high, until creamy and fully incorporated, about 45 seconds. If filling is dry, add a small splash or two of cream. Assemble cookies. Using a small offset spatula or butter knife to spread about 2 tablespoons of filling onto the bottom side of one cookie, then place second cookie on top to sandwich. Repeat with remaining cookies and serve. Makes 16 sandwich cookies. —”Sweet Tooth” by Sarah Fennel (Clarkson Potter, $35) ©2024 PG Publishing Co. Visit at post-gazette.com. Distributed by Tribune Content Agency, LLC.

AmpliTech Group Announces Closing of $1.4 Million Registered Direct OfferingHarvey Fineberg Announces Plan to Step Down

None

John Legend , widely known for his amazing music, is also known for his love of cooking. Over the years, he's shared some of his favorite recipes with fans, showcasing his passion for food. He often cooks at home and is particularly fond of comfort food and dishes that remind him of family traditions. Often collaborating with his wife, Chrissy Teigen , the two regularly create and share hearty, flavorful meals. 😋😋 SIGN UP to get delicious recipes, handy kitchen hacks & more in our daily Pop Kitchen newsletter 🍳 🍔 One of Legend’s most popular recipes is his famous fried chicken , which has been featured in cooking segments and social media posts. This dish, known for its perfectly seasoned, crispy exterior and juicy meat, reflects his appreciation for classic comfort food with a personal twist. But the recipe that really has fans talking as of late is his mac and cheese , Rich and cheesy, it's the ultimate side dish for family gatherings, including Thanksgiving . As soon as I saw the recipe I knew I had to give it a try. I ran to the store to grab what I needed and jumped in the kitchen to see if this would be a dish worthy of my holiday dinner table. Get the recipe: John Legend's Mac and Cheese Courtesy of Choya Johnson Ingredients for John Legend's Mac and Cheese To make John Legend's mac and cheese, you'll need elbow macaroni, evaporated milk, skim milk, butter, large eggs, seasoned salt, garlic powder, extra-sharp cheddar cheese, Monterey Jack cheese, paprika, coarse salt and freshly ground pepper. Related: Rihanna's Mac & Cheese Takes the Classic Comfort Food In an Entirely New Direction Courtesy of Choya Johnson How to Make John Legend's Mac and Cheese To make this dish, start by preheating the oven to 375° and generously buttering a 9-by-13-inch glass baking dish. Bring a large pot of salted water to a boil and cook the macaroni until al dente, following the package instructions. Drain the pasta and return it to the pot. Add the butter, tossing until the pasta is well-coated and the butter has melted. In a medium bowl, whisk the evaporated milk, skim milk and eggs until well blended. Season the mixture with seasoned salt, garlic powder and salt and pepper. Combine the cheeses in another bowl. To assemble, layer 1/3 of the macaroni in the bottom of the prepared baking dish, followed by 1/3 of the cheese mixture. Repeat this process with the remaining macaroni and cheese mixture. Pour the milk mixture evenly over the dish and sprinkle with paprika. Bake for 35 to 45 minutes or until the top is lightly browned. Let the dish stand for 10 to 15 minutes before serving. Related: Patti LaBelle’s Easy Mac and Cheese Is Practically Perfect Courtesy of Choya Johnson What I Thought About John Legend's Mac and Cheese John Legend’s macaroni and cheese recipe is a standout dish that’s perfect for any holiday spread. The instructions are straightforward, making the process smooth and stress-free. With just a handful of steps, you can create a next-level mac and cheese that everyone will love. The highlight of this recipe is the incredible cheesiness. Using a combination of extra-sharp cheddar and Monterey Jack cheeses ensures that every bite is packed with bold, creamy flavor. The addition of evaporated milk and a touch of seasoning elevates adds extra creaminess and tons of flavor. The sprinkling of paprika on top not only adds a pop of color but also brings a subtle hint of spice that ties everything together. This macaroni and cheese is the epitome of comfort food and is ideal for the holidays. It pairs well with turkey, ham, vegetables and all the other sides of the season. This is the kind of recipe that will have people asking for the recipe or, better yet, asking you to make it for them over and over again. Up Next: Related: The Secret Ingredient for the Best-Ever Mashed Potatoes, According to OprahNoneHow to Utilize Bright Data for Sentiment Analysis

Electrovaya Inc. Announces Proposed Public Offering of Common Shares and Files Preliminary Prospectus Supplement

Aston Villa’s disallowed goal would have counted in England – Unai EmeryJonah Goldberg: What if most Americans aren't bitterly divided?

WASHINGTON (AP) — TikTok on Monday asked the Supreme Court to step in on an emergency basis to block the federal law that would ban the popular platform in the United States unless its China-based parent company agreed to sell it. Lawyers for the company and China-based ByteDance urged the justices to step in before the law's Jan. 19 deadline. A similar plea was filed by content creators who rely on the platform for income and some of TikTok's more than 170 million users in the U.S. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.The UConn Huskies suffered a crushing loss to Memphis at the beginning of the 2024 Maui Invitational. It was a wild finish, and Dan Hurley's team came up short, 99-97. The biggest storyline was the technical foul assessed to Hurley in the final minute. Hurley was frustrated by the foul call on Liam McNeeley. In turn, Hurley was hit with a technical foul that ended up shifting the game in the closing stretch. After the game, Hurley did not hide his feelings after the game about the technical foul, per Brendan Marks of The Athletic. David Butler II-Imagn Images "That was a joke. I mean, I just watched it," Hurley said. "I had a lot of issues with what went on in the game...For that call to be made at that point in the game is a complete joke." Hurley went one step further in an interview with CBS Sports, per Matt Norlander. "I think it was the (expletive) calls," Hurley said. "I would expect to come to play in an event, and I don't know too many back-to-back national championship teams that get that type of a whistle." Fans were not pleased with the foul on McNeeley, although the technical for Hurley was a long time coming given his antics throughout the game . After the foul, Hurley was given a technical, and PJ Carter hit four straight free throws to break the 92 tie and give the Tigers a four-point lead down the stretch. By the end of it all, UConn lost by two points, putting that much more emphasis on the foul call and the play down the stretch. UConn has to bounce right back on Tuesday with a game of the loser of Colorado-Michigan State. Related: College Basketball Fans Are Torn Over Dan Hurley’s Technical Foul In Upset Loss vs. Memphis

China Outlook: Can China make it in 2025?DBG Announces First 45 Day Results with VAYNERCOMMERCE resulting in a 224% increase in digital revenueInnovative nanostructures pave the way for advanced robotics -- and mini dinosaurs

Also on the menu — all the NFL and college sports you can handle. Here's a roadmap to one of the biggest sports weekends of the year, with a look at marquee games over the holiday and how to watch. All times are in EST. All odds are by BetMGM Sportsbook. What to watch Thursday • NFL: There is a triple-header lined up for pro football fans. Chicago at Detroit, 12:30 p.m., CBS: Rookie quarterback Caleb Williams and the Bears go against the Lions, who are one of the favorites to reach the Super Bowl in February. Lions favored by 10. New York at Dallas, 4:30 p.m., Fox: The Giants and Cowboys are both suffering through miserable seasons and are now using backup quarterbacks for different reasons. But if Dallas can figure out a way to win, it will still be on the fringe of the playoff race. Cowboys favored by 3 1/2. Miami at Green Bay, 8:20 p.m., NBC/Peacock: The Packers stumbled slightly out of the gate but have won six of their past seven games. They'll need a win against Miami to try to keep pace in the NFC North. Packers favored by 3. • College Football: Memphis at No. 18 Tulane, 7:30 p.m., ESPN. If college football is your jam, this is a good warmup for a big weekend. The Tigers try to ruin the Green Wave’s perfect record in the American Athletic Conference. Tulane is favored by 14. What to watch Friday • NFL: A rare Friday showdown features the league-leading Chiefs. Las Vegas at Kansas City, 3 p.m. Prime Video: The Chiefs and quarterback Patrick Mahomes are 12-point favorites over the Raiders. • College Basketball: Some of the top programs meet in holiday tournaments around the country. Battle 4 Atlantis championship, 5:30 p.m., ESPN: One of the premier early season tournaments, the eight-team field includes No. 3 Gonzaga, No. 14 Indiana and No. 24 Arizona. Rady Children's Invitational, 6 p.m., Fox: It's the championship game for a four-team field that includes No. 13 Purdue and No. 23 Mississippi. • College Football: There is a full slate of college games to dig into. Oregon State at No. 11 Boise State, noon, Fox: The Broncos try to stay in the College Football Playoff hunt when they host the Beavers. Boise State favored by 19 1/2. Oklahoma State at No. 23 Colorado, noon, ABC: The Buffaloes and Coach Prime are still in the hunt for the Big 12 championship game when they host the Cowboys. Colorado favored by 16 1/2. Georgia Tech at No. 6 Georgia, 7:30 p.m., ABC: The Bulldogs are on pace for a spot in the CFP but host what could be a tricky game against rival Georgia Tech. Georgia favored by 19 1/2. • NBA. After taking Thanksgiving off, pro basketball returns. Oklahoma City at Los Angeles Lakers, 10 p.m., ESPN: The Thunder look like one of the best teams in the NBA's Western Conference. They'll host Anthony Davis, LeBron James and the Lakers. What to watch Saturday • College Football. There are more matchups with playoff implications. Michigan at No. 2 Ohio State, noon, Fox: The Wolverines are struggling one season after winning the national title. They could make their fan base a whole lot happier with an upset of the Buckeyes. Ohio State favored by 21. No. 7 Tennessee at Vanderbilt, noon, ABC: The Volunteers are a fairly big favorite and have dominated this series, but the Commodores have been a tough team this season and already have achieved a monumental upset over Alabama. Tennessee favored by 11. No. 16 South Carolina at No. 12 Clemson, noon, ESPN: The Palmetto State rivals are both hanging on the edge of the CFP playoff race. A win — particularly for Clemson — would go a long way toward clinching its spot in the field. Clemson favored by 2 1/2. No. 3 Texas at No. 20 Texas A&M, 7:30 p.m. ABC: The Aggies host their in-state rival for the first time since 2011 after the Longhorns joined the SEC. Texas favored by 5 1/2. Washington at No. 1 Oregon, 7:30 p.m., NBC: The top-ranked Ducks have been one of the nation’s best teams all season. They’ll face the Huskies, who would love a marquee win in coach Jedd Fisch’s first season. Oregon favored by 19 1/2. • NBA: A star-studded clash is part of the league's lineup. Golden State at Phoenix, 9 p.m., NBA TV: Steph Curry and the Warriors are set to face the Suns' Big Three of Kevin Durant, Devin Booker and Bradley Beal. What to watch Sunday • NFL: It's Sunday, that says it all. Pittsburgh at Cincinnati, 1 p.m., CBS: Joe Burrow is having a great season for the Bengals, who are struggling in other areas. They need a win to stay in the playoff race, hosting a Steelers team that's 8-3 and won five of their past six. Bengals favored by 3. Arizona at Minnesota, 1 p.m., Fox: The Cardinals are tied for the top of the NFC West while the Vikings are 9-2 and have been one of the biggest surprises of the season with journeyman Sam Darnold under center. Vikings favored by 3 1/2. Philadelphia at Baltimore, 4:25 p.m., CBS: Two of the league's most electric players will be on the field when Saquon Barkley and the Eagles travel to face Lamar Jackson and the Ravens. Ravens favored by 3. San Francisco at Buffalo, 8:20 p.m. NBC/Peacock: The 49ers try to get back to .500 against the Bills, who have won six straight. Bills favored by 7. • NBA. The best teams in the Eastern Conference meet in a statement game. Boston at Cleveland, 6 p.m., NBA TV: The defending champion Celtics travel to face the Cavs, who won their first 15 games to start the season. • Premier League: English soccer fans have a marquee matchup. Manchester City at Liverpool, 11 a.m., USA Network/Telemundo. The two top teams meet with Manchester City trying to shake off recent struggles. • Auto Racing: The F1 season nears its conclusion. F1 Qatar Grand Prix, 11 a.m., ESPN2 – It's the penultimate race of the season. Max Verstappen already has clinched his fourth consecutive season championship.

Previous: 1xbet esports
Next: esports awards 2024 winners