DXST

Decent Holding (NASDAQ:DXST) reported sharply higher first-half revenue driven by wastewater treatment projects and the launch of its AI-powered Suncare senior healthcare platform, while increased expansion costs weighed on earnings. Decent Holding (NASDAQ:DXST) reported first-half fiscal 2026 revenue of $18.6 million, up 238% year over year. The newly launched Suncare digital health business contributed $3.5 million in high-margin training revenue with a 75.1% gross margin. Wastewater treatment revenue surged more than seventeen-fold as new projects drove growth in the company’s environmental services business. Gross margin improved to 33.4%, although higher operating expenses resulted in a wider net loss. Management highlighted continued expansion of the Suncare platform, which reached approximately 480 community service locations and 150,000 paid members by the end of June. Decent Holding (NASDAQ:DXST) reported unaudited first-half fiscal 2026 revenue of approximately $18.6 million, an increase of 238% from the prior-year period. The company’s environmental services business remained a major growth driver. Wastewater treatment revenue climbed 1,762.8% to approximately $9.2 million as successful project awards and completions significantly increased activity. Gross margin within the segment also improved to 21.4%. A second growth engine came from the launch of the Suncare digital senior health and elderly care platform. During the first half of fiscal 2026, the new business generated approximately $3.5 million in training revenue with a gross margin of 75.1%, contributing to an improvement in the company’s overall revenue mix. As a result, total gross profit increased 310.3% to approximately $6.2 million, while gross margin expanded to 33.4% from 27.5%. Despite the stronger operating performance, net loss widened to approximately $1.1 million from $0.5 million a year earlier, primarily because of higher selling, administrative, research and development, and personnel expenses associated with expanding the digital health business. The company ended the reporting period with approximately $1.7 million in cash, compared with approximately $0.6 million six months earlier, supported by approximately $7.0 million in financing cash inflows. The results highlight Decent Holding’s transition from a business focused primarily on environmental services toward a more diversified model that includes AI-enabled senior healthcare. While wastewater treatment continues to generate significant revenue growth, the Suncare platform introduces a second business line with substantially higher margins. If the company can continue expanding its community network and convert membership growth into recurring revenue, the digital health business could become an increasingly important contributor to future financial performance. At the same time, the higher operating expenses demonstrate the cost of building the new platform. Investors will likely watch whether revenue growth and margin expansion are sufficient to offset continued investment and move the business toward profitability. Management’s updates also indicate continued expansion beyond the reporting period, with Suncare growing to approximately 480 community service locations and 150,000 paid members by June 30, alongside new strategic partnerships intended to broaden the platform’s capabilities. Investors will be monitoring the pace of Suncare’s commercial expansion, including growth in paid members, additional community service locations, and contributions from its digital health offerings. Other areas to watch include continued wastewater treatment project wins, the financial impact of new partnerships, progress toward reducing operating losses as the business scales, and the company’s execution of its dual-growth strategy across environmental services and AI-powered senior healthcare. Decent Holding stock price

YANTAI, China, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Decent Holding Inc. (NASDAQ: DXST) (“Decent” or the “Company”), a technology-driven provider of wastewater treatment and community-based senior health and elderly care services in China, today announced its unaudited financial results for the six months ended April 30, 2026. Financial Highlights for the First Half of Fiscal Year 2026 Total revenue increased by 238.0% to approximately $18.6 million, from approximately $5.5 million in the prior-year period, driven by significant growth in wastewater treatment services and contributions from the newly launched digital health and wellness business. Gross profit increased by 310.3% to approximately $6.2 million, from approximately $1.5 million in the prior-year period. Gross margin improved to 33.4% from 27.5% in the prior-year period. Net loss was approximately $1.1 million, compared with net loss of approximately $0.5 million in the prior-year period, primarily reflecting increased selling, general and administrative expenses associated with business expansion and the digital health business launch. Selected Financial Results for the First Half of Fiscal Year 2026 Total Revenue Total revenue increased by 238.0%, or approximately $13.1 million, to approximately $18.6 million for the six months ended April 30, 2026, compared with approximately $5.5 million for the six months ended April 30, 2025. Revenue growth was primarily attributable to the expansion of existing business lines and the incremental contribution from the newly launched digital health and wellness segment, which mainly includes training services and product sales. Wastewater Treatment Revenue Wastewater treatment revenue increased by 1,762.8% to approximately $9.2 million for the six months ended April 30, 2026, from approximately $0.5 million in the prior-year period, primarily reflecting successful bids and project completions. Gross profit from wastewater treatment revenue increased to approximately $2.0 million, and gross margin improved to 21.4% from 18.6%. River Water Quality Management Revenue River water quality management revenue decreased by 9.1% to approximately $4.3 million for the six months ended April 30, 2026, from approximately $4.7 million in the prior-year period. Gross margin for this revenue category was 23.5%, compared with 27.6% in the prior-year period. Product Sales Revenue Product sales revenue increased by 385.4% to approximately $1.3 million for the six months ended April 30, 2026, from approximately $0.3 million in the prior-year period. The increase was driven by higher sales volume of microbial inoculum products and contributions from the newly added digital health business line. Gross margin for product sales was 25.3%, compared with 41.7% in the prior-year period, reflecting pricing adjustments and revenue mix. Training Revenue Training revenue, which was generated by the Company’s newly launched digital health business segment, contributed approximately $3.5 million for the six months ended April 30, 2026. Training revenue generated gross profit of approximately $2.6 million and gross margin of 75.1%. Cost of Revenue Cost of revenue increased by 210.6% to approximately $12.4 million for the six months ended April 30, 2026, from approximately $4.0 million in the prior-year period, primarily in line with the increase in revenue. Gross Profit and Gross Margin Gross profit increased by 310.3% to approximately $6.2 million for the six months ended April 30, 2026, from approximately $1.5 million in the prior-year period. Gross margin increased to 33.4% from 27.5%, primarily attributable to an improved revenue mix, including the high-margin contribution from the Company’s newly launched digital health business line and scale efficiencies in wastewater treatment services. Operating Expenses Operating expenses increased by 257.9% to approximately $7.1 million for the six months ended April 30, 2026, from approximately $2.0 million in the prior-year period. The increase was mainly due to higher selling expenses associated with marketing for the Company’s newly launched digital health business line, increased consultant and service fees, higher salary and welfare expenses following internal personnel adjustments, and increased research and development expenses related to external research initiatives. Net Loss Net loss was approximately $1.1 million for the six months ended April 30, 2026, compared with net loss of approximately $0.5 million for the six months ended April 30, 2025. Net loss margin narrowed to 5.8% from 8.7% in the prior-year period. Cash and Equivalents As of April 30, 2026, the Company had cash of approximately $1.7 million, compared with approximately $0.6 million as of October 31, 2025. Net cash provided by financing activities was approximately $7.0 million for the six months ended April 30, 2026. Recent Developments On March 16, 2026, the Company effected a one-for-twenty-five share consolidation of its Class A ordinary shares and Class B ordinary shares. All share and per share amounts presented in this release have been retroactively restated to give effect to the share consolidation. In March 2026, Suncare launched its digital senior health and elderly care platform. On March 10, 2026, Suncare entered into a strategic cooperation agreement with a regional senior care operator in China, which is expected to expand the platform by approximately 70 additional community service locations across several provinces in eastern and northern China. On June 9, 2026, the Company entered into a partnership with Taihao Robotics to establish a robotics training network in China. In November 2025, the Company completed a registered offering of its Class A ordinary shares and accompanying warrants for gross proceeds of approximately $8.0 million, before deducting placement agent fees and offering expenses. On April 24, 2026, the Company filed a registration statement on Form F-3, which was declared effective on May 8, 2026. On July 14, 2026, the Company’s shareholders approved an increase in the Company’s authorized share capital and authorized the board of directors to effect one or more share consolidations within specified ratios within one year of the meeting, together with related amendments to the Company’s memorandum and articles of association. Suncare Business Overview and Strategic Progress Suncare is the Company's AI-powered, community-based senior health and elderly care platform, integrating community service locations with digital health technologies, intelligent devices, robotics and home-based care services. Since its launch in March 2026, Suncare has expanded to approximately 480 community service locations and approximately 150,000 paid members as of June 30, 2026. During the first half of fiscal 2026, the Company's digital health business generated approximately $3.5 million in training revenue with a gross margin of 75.1%, providing an early contribution to revenue growth and improving the Company's overall business mix. Looking ahead, the Company intends to continue expanding Suncare's community service network while strengthening its digital health platform, strategic partnerships and technology capabilities. By integrating AI-enabled health management, intelligent devices, robotics and community-based healthcare services, the Company aims to build a scalable senior healthcare ecosystem and establish an additional long-term growth platform alongside its environmental services business. Chairman's Commentary Mr. Dingxin Sun, Chairman of Decent Holding Inc., commented: "Our first-half fiscal 2026 results reflect strong revenue growth and the early contribution from our strategic expansion into senior health and elderly care services. Total revenue reached approximately $18.6 million, exceeding our revenue for the full fiscal year ended October 31, 2025, while gross margin improved to 33.4% as our revenue mix benefited from high-margin training services and continued growth in our environmental services business." "We are encouraged by the early progress of Suncare. Since its launch in March 2026, the platform has grown to approximately 480 community service locations and approximately 150,000 paid members, while generating approximately $3.5 million in training revenue during the first half of fiscal 2026. We believe this expanding community network provides a solid foundation for developing an AI-powered senior healthcare ecosystem integrating digital health, intelligent devices, robotics and home-based care services. Looking ahead, we will continue executing our environmental services strategy while prudently investing in Suncare to support sustainable long-term growth and shareholder value creation." About Decent Holding Inc. Decent Holding Inc. (NASDAQ: DXST) specializes in the provision of wastewater treatment by cleansing industrial wastewater, ecological river restoration and river ecosystem management by enhancing water quality, as well as microbial products primarily used for pollutant removal and water quality enhancement, through the Company's operating subsidiary, Shandong Dingxin Ecology Environmental Co., Ltd. In addition, through its operating subsidiary Suncare (Shanghai) Health Technology Co., Ltd., the Company operates an AI-powered, community-based senior health and elderly care platform serving China's aging population. For more information, please visit: https://ir.dxshengtai.com. Forward-Looking Statements This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “could,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “intends,” “views,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; the competitive environment of our business; our ability to open and operate new community service centers on our anticipated timeline; our ability to attract and retain paid members; the development and deployment of AI-enabled technologies and related services; the regulatory environment applicable to healthcare and elderly care services in China; and the evolving PRC legal and regulatory framework governing data privacy, data security, and cross-border data transfers. For a more detailed discussion of these and other risks, you should review the risk factors and other disclosures contained in our filings with the U.S. Securities and Exchange Commission, including our most recent annual report on Form 20-F. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Investor Relations Contact:WFS Investor Relations Inc.Connie Kang, PartnerEmail: [email protected]: +86 1381 185 7742 (CN)

YANTAI, China, March 04, 2026 (GLOBE NEWSWIRE) -- Decent Holding Inc. (Nasdaq: DXST) (“Decent“ or the ”Company“), an established wastewater treatment services provider in China, today announced its financial results for the fiscal year ended October 31, 2025. Fiscal Year 2025 Financial Highlights Total revenue for fiscal year 2025 increased by 12.2% to US$12.9 million, from US$11.5 million for fiscal year 2024. Revenue from wastewater treatment service increased by 68.7% to US$4.2 million from US$2.5 million in the prior fiscal year, primarily due to the completion of a wastewater treatment project during fiscal year 2025. Gross profit for fiscal year 2025 grew by 5.42% to $3.4 million, even though the gross profit margin declined to 26.1% from 27.8% in the prior year. Mr. Dingxin Sun, Chairman of the Company, commented: “Fiscal year 2025 marked a period of significant top-line expansion for the Company, demonstrating our resilience and adaptability in a fluctuating economic environment. Total revenue grew by 12.2%, driven largely by the successful execution of major wastewater treatment projects, which surged by nearly 69% year-over-year. While our core River Water Quality Management and Product Sales segments experienced slight contractions due to shifting customer procurement cycles, the robust demand for our wastewater services successfully offset these declines. This performance validates our diversified service strategy, even as the revenue mix shifted toward these service-heavy projects.” “Despite the strong revenue growth, the Company faced pressure on its profitability due to this shift in revenue mix combined with substantial strategic and operational investments. Gross profit margin moderated to 26.2%, primarily because the high-growth wastewater segment carries lower gross profit margins compared to our product sales, which conversely saw margin improvement to 39.1%. More significantly, the swing to a net loss of $0.32 million was driven by a sharp increase in operating expenses. This rise was largely attributable to prudent financial measures, including a $0.9 million increase in provisions for credit losses, alongside higher spending on consulting services and R&D intended to bolster our long-term capabilities.” “Looking ahead, management is focused on further optimizing the Company’s cost structure and improving operating efficiency while sustaining our revenue momentum. We intend to leverage the increased R&D investments made during the past fiscal year to enhance operational efficiencies and improve margins within our lower-margin service segments. By continuing to expand its project pipeline while maintaining disciplined control over administrative costs and credit risk management, management believes that the Company is well-positioned to strengthen profitability and enhance long-term shareholder value.” Selected Financial Results Total revenue Total revenue increased by 12.2%, or $1.4 million, to $12.9 million for the fiscal year ended October 31, 2025, compared with $11.5 million for the fiscal year ended October 31, 2024, demonstrating the Company’s resilience, adaptability and maintaining profitability in a fluctuating economic environment. Specifically: Revenue from Wastewater Treatment Service for the fiscal year ended October 31, 2025 rose to $4.2 million from $2.5 million for the fiscal year ended October 31, 2024, reflecting a 68.7% increase as the Company successfully completed a wastewater treatment project in the current fiscal year. Cost of revenue for wastewater treatment service was $3.3 million in fiscal year 2025, an 81.1% increase from 2024. As a result, the gross profit margin was 19.7% and 25.2% for the fiscal years ended October 31, 2025 and 2024, respectively. Revenue from River Water Quality Management for the fiscal year ended October 31, 2025 slightly declined to $6.6 million, a 3.6% decrease from $6.9 million in fiscal year 2024. Revenue from Product Sales for the fiscal year ended October 31, 2025 also slightly declined by 4.6% to $2.1 million, down from $2.2 million in fiscal year 2024. Some of the Company’s regular customers’ procurement demand dropped off due to the reduction of their river water quality management projects, so there was a slight drop on the product sales revenues. Gross profit for product sales for the fiscal year ended October 31, 2025 increased by 4.4% from the prior year, and gross profit margin was 39.1% and 35.8% for the fiscal years ended October 31, 2025 and 2024, respectively. Other Related Revenues increased by 344.4% to $74,218 for the fiscal year ended October 31, 2025, from $16,700 for the prior year. Gross profit margin was 6.46% for the fiscal year ended October 31, 2025. Cost of Revenue Total cost of revenue for the fiscal years ended October 31, 2025, and 2024, was $9.6 million and $8.3 million, respectively. The increase in cost of revenues is a direct result of the Company’s increase of revenues. Gross Profit and Margin Gross profit for the year ended October 31, 2025, was $3.4 million, remaining relatively stable compared with fiscal year 2024. Gross margin declined to 26.2% in fiscal year 2025 from 27.8% in fiscal year 2024, primarily due to a greater proportion of revenue coming from lower-margin wastewater treatment and river water quality management projects. Operating Expenses Total operating expenses increased $2.8 million, or 375.4% to $3.5 million for the year ended October 31, 2025. Higher revenues drove a $0.4 million increase in selling expenses, while general and administrative costs grew by $2.1 million, mainly from a $0.9 million rise in the provision for credit losses, $0.3 million higher salary and welfare costs, and $0.9 million more in consultant and service fees. Research and development spending increased by $0.3 million, primarily for engagements with external research institutions. Net income (loss) As a result of the factors described above, net loss for the fiscal years ended October 31, 2025 was $322,202, compared to net income of $2.1 million for the fiscal year 2024. About Decent Holding Inc. Decent Holding Inc. specializes in the provision of wastewater treatment by cleansing the industrial wastewater, ecological river restoration and river ecosystem management by enhancing the water quality, as well as microbial products primarily used for pollutant removal and water quality enhancement, through the Company’s subsidiary, Shandong Dingxin Ecology Environmental Co., Ltd. For more information, please visit: https://ir.dxshengtai.com. Forward-Looking Statement This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and all other factors discussed in the ”Risk Factors“ section of the Company’s latest Annual Report on Form 20-F filed with the SEC, available for review at www.sec.gov. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For investor and media inquiries, please contact: WFS Investor Relations Inc Connie Kang, Partner Email: [email protected] Tel: +86 1381 185 7742 (CN)

YANTAI, China, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Decent Holding Inc. (NASDAQ: DXST) (“Decent” or the “Company”), an established wastewater treatment services provider in China, today announced its unaudited financial results for the first half of fiscal year 2025 ended April 30, 2025. Financial Highlights for the First Half of Fiscal Year 2025 Total revenue increased by 147.3% to approximately $5.5 million, from approximately $2.2 million in the prior-year period. Gross profit increased by 170.5% to approximately $1.5 million, from approximately $0.6 million; gross margin improved to 27.5% from 25.1% in the prior year. Net loss was approximately $0.5 million and $0.02 million for the six months ended April 30, 2025 and 2024, respectively. Mr. Dingxin Sun, Chairman of Decent Holding Inc. commented: “Our first-half performance underscores the strength of our market position and the growing demand for Decent’s comprehensive water quality solutions. Total revenue jumped more than 147% to $5.5 million in the first half of 2025, driven by an over 187% surge in river water quality management to $4.7 million and an above 221% rise in product sales, while wastewater treatment held steady around $0.5 million.” “Overall gross profit grew to $1.5 million, also lifting our margin to 27.5%. Looking ahead, we’ll accelerate deployment of integrated treatment solutions across wider regions in China, deepen academic collaborations to develop next-generation microbial formulations and digital monitoring platforms, and leverage patented technologies to introduce higher-margin customized service packages while investing in AI-driven analytics and remote sensing to optimize execution and real-time performance tracking as we explore expansion into overseas markets.” Selected Financial Results for the First Half of Fiscal Year 2025 Total revenue Total revenue increased by 147.3%, or approximately $3.3 million, to approximately $5.5million for the half year ended April 30, 2025, from approximately $2.2 million in the prior-year period, demonstrating the Company’s resilience and adaptability in a fluctuating economic environment. Specifically: Revenue from Wastewater Treatment Service for the six months ended April 30, 2025 rose slightly by 0.2% to $493,123 from $491,991 a year earlier. During the same period, cost of revenue jumped 19.2% to $401,310 from $336,709, reflecting higher operating expenses and increased provisioning for payment collection risks among newly onboarded customers. As a result, the gross profit margin narrowed to 18.6% in 2025, down from 31.6% in the prior period. Revenue from River Water Quality Management climbed 187.4% to approximately $4.7 million for the six months ended April 30, 2025, compared with approximately $1.6 million in the prior year, driven by successful bid awards and accelerated project completions. Although associated costs increased in line with this expansion, improved project execution lifted the gross profit margin to 27.6%, up from 22.9% in the same period last year. Revenue from Product Sales jumped 220.6% to $277,081 for the six months ended April 30, 2025, versus $86,433 in the prior year, as local river water quality projects fueled demand for Decent’s microbial inoculum. Cost of revenue rose 173.7% to $161,511 from $59,009, broadly matching sales growth. Economies of scale and stable pricing boosted the gross profit margin to 41.7%, compared with 31.7% in the corresponding period of 2024. Cost of Revenue Cost of revenue rose to approximately $4.0 million for the six months ended April 30, 2025 from approximately $1.7 million in the prior-year period. This increase reflects higher sales volumes and the reclassification of maintenance guarantee expenses for wastewater treatment and river water quality management projects from selling expenses into cost of revenue. Gross Profit and Gross Margin Gross profit increased to approximately $1.5 million for the six months ended April 30, 2025, up from $558,657 during the same period in 2024. Gross margin expanded to 27.5% from 25.1%, driven by a larger share of revenue generated from higher-margin river water quality management projects. Operating Expenses Operating expenses jumped 227.8% to approximately $2.0 million for the six months ended April 30, 2025, compared with $603,133 during the same period in 2024. Specifically, selling expenses rose by $215,908, primarily due to increased marketing fees tied to revenue growth. General and administrative expenses grew by approximately $1.2 million, driven by an approximately $0.6 million provision for doubtful debts, approximately $0.4 million in consultant and service fees, and approximately $0.2 million in salary and welfare costs following internal personnel adjustments. Research and development expenses fell $46,442 as headcount reductions curtailed R&D spending. Net loss As a result of the cumulative effect of the factors described above, net loss for the six months ended April 30, 2025 and 2024 were $479,165 and $15,849, respectively. Cash and equivalents As of April 30, 2025, the Company had cash of $838,415, compared with $909,765 as of April 30, 2024. About Decent Holding Inc. Decent Holding Inc. specializes in the provision of wastewater treatment by cleansing the industrial wastewater, ecological river restoration and river ecosystem management by enhancing the water quality, as well as microbial products primarily used for pollutant removal and water quality enhancement, through the Company’s subsidiary, Shandong Dingxin Ecology Environmental Co., Ltd. For more information, please visit: https://ir.dxshengtai.com. Forward-Looking Statement This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate“ or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and all other factors discussed in the ”Risk Factors“ section of the Company’s latest Annual Report on Form 20-F filed with the SEC, available for review at www.sec.gov. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For investor and media inquiries, please contact: WFS Investor Relations Inc Connie Kang, Partner Email: [email protected] Tel: +86 1381 185 7742 (CN) DECENT HOLDING INC. AND SUBSIDIARIES UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Stated in US dollars, except for share and per share data) DECENT HOLDING INC. AND SUBSIDIARIES UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Stated in US dollars, except for share and per share data) DECENT HOLDING INC. AND SUBSIDIARIES UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Stated in US dollars, except for share and per share data)