Core Viewpoint - ST Xiangxue reported a significant decline in revenue and an increase in net losses for the first half of 2025, indicating financial distress and operational challenges [1] Financial Performance - The company's operating revenue for the first half of 2025 was 818 million yuan, a year-on-year decrease of 25.40% [1] - The net loss attributable to shareholders of the listed company was 234 million yuan, which represents a year-on-year increase of 72.96% [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 207 million yuan, reflecting a year-on-year increase of 91.43% [1] - The basic loss per share was 0.35 yuan [1]

Core Viewpoint - International Commercial Settlement Holdings Limited is focused on building a global multi-currency real-time clearing and settlement platform based on blockchain and distributed networks, aiming to enhance cross-border fund flow efficiency [1] Group 1: Company Overview - The company experienced a stock price decline of 6.15%, trading at 0.229 HKD per share with a transaction volume of 3.1714 million HKD as of 10:04 AM on August 18 [1] - The company targets countries along the "Belt and Road" initiative, serving approximately 4.4 billion people and a combined economy of 21 trillion USD, aiming to reshape the global clearing and settlement landscape [1] Group 2: Financial Performance - As of the 2024 annual report, the company reported total operating revenue of 172 million CNY and a net loss of 211 million CNY [2]

Core Viewpoint - International Commercial Settlement Holdings Limited is focused on building a global multi-currency real-time clearing and settlement platform based on blockchain and distributed networks, aiming to enhance cross-border fund flow efficiency [1][2]. Group 1: Company Overview - The company experienced a stock price decline of 7.02%, trading at 0.265 HKD per share with a transaction volume of 8.327 million HKD as of August 13 [1]. - The company targets countries along the Belt and Road Initiative, serving approximately 4.4 billion people and a combined economy of 21 trillion USD, aiming to reshape the global clearing and settlement landscape [1]. Group 2: Financial Performance - As of the 2024 annual report, the company reported total revenue of 172 million CNY and a net loss of 211 million CNY [2].

Group 1 - The stock price of ST Xiangxue (300147) closed at 7.68 yuan on August 11, 2025, down 1.29% with a turnover rate of 2.05% and a trading volume of 134,500 hands, amounting to 103 million yuan [1] - The latest financial report for ST Xiangxue shows total operating revenue of 421 million yuan for Q1 2025, a year-on-year decrease of 25.99%, and a net profit attributable to shareholders of 87.73 million yuan, down 146.03% year-on-year [1] - The company has a current ratio of 0.277, a quick ratio of 0.223, and a debt-to-asset ratio of 81.75% [1] Group 2 - ST Xiangxue has made investments in 40 enterprises and participated in 2,157 bidding projects [2] - The company holds 244 trademark registrations and 165 patent registrations, along with 251 administrative licenses [2]

Group 1 - The core viewpoint of the news is that International Commercial Settlement (ICS) is experiencing significant stock price movement, with a 20.0% increase, indicating strong market interest and potential investor confidence [1] - ICS focuses on building a global multi-currency real-time clearing and settlement platform based on blockchain and distributed networks, aiming to enhance cross-border fund flow efficiency [1] - The company targets countries along the Belt and Road Initiative, serving approximately 4.4 billion people and a combined economy of 21 trillion USD, which positions it strategically in the global settlement landscape [1] Group 2 - As of the 2024 annual report, ICS reported total operating revenue of 172 million CNY and a net loss of 211 million CNY, highlighting financial challenges despite its strategic initiatives [2]

Group 1 - The company announced the establishment of a joint venture with Mr. Chen Sanming, where the company will hold a 70% stake and Mr. Chen will hold a 30% stake [1] - The joint venture will primarily engage in cryptocurrency-related businesses, indicating a strategic move into the growing fintech sector [1] - The company recognizes the potential of cryptocurrencies as a store of value, supported by a robust open-source architecture, and believes they have anti-inflation potential for long-term value appreciation [1] Group 2 - The company plans to invest in more mature, widely recognized cryptocurrencies with good market liquidity and relatively long-term holding value, acknowledging the volatility in cryptocurrency prices [1] - The board believes that the cryptocurrency market has a promising development outlook, aligning with the company's business development strategy and plans [1] - The establishment of the joint venture is seen as an opportunity to expand the company's business scope into the cryptocurrency market and diversify its revenue sources [1]

Core Viewpoint - The company has established a joint venture focused on cryptocurrency-related businesses, indicating a strategic move towards the fintech industry and diversification of revenue sources [1] Group 1: Joint Venture Details - The joint venture agreement was signed between the company's wholly-owned subsidiary Cheng Tai and Mr. Chen Sanming, with ownership stakes of 70% and 30% respectively [1] - The joint venture is set to be registered and will primarily engage in activities related to cryptocurrency [1] Group 2: Cryptocurrency Market Insights - The company recognizes cryptocurrency as a digital currency that utilizes encryption technology and blockchain for secure transactions [1] - The company believes that cryptocurrency has strong potential as a store of value, supported by a robust open-source architecture, and may offer inflation resistance in the long term [1] - The board acknowledges the volatility of cryptocurrency prices and plans to invest in more mature, widely recognized cryptocurrencies with good market liquidity and long-term holding value [1] Group 3: Strategic Implications - The establishment of the joint venture aligns with the company's strategy to develop its fintech business, which is expected to benefit future business growth [1] - The joint venture is seen as a significant opportunity to expand into the cryptocurrency market and diversify the company's income sources [1]

Group 1 - The company announced the establishment of a joint venture with Mr. Chen Sanming, where the company will hold a 70% stake and Mr. Chen will hold a 30% stake [1] - The registered capital for the joint venture will be HKD 70 million from the company and HKD 30 million from Mr. Chen, along with interest-free shareholder loans of HKD 70 million and HKD 30 million respectively [1] - The board believes that the cryptocurrency market has a promising development outlook, aligning with the company's strategy to expand into the fintech industry and diversify its revenue sources [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完整性亦不發 表任何聲明，且表明不會就因本公佈全部或任何部份內容或因倚賴該等內容而引致之任何損失承擔任何責任。 INTERNATIONAL BUSINESS SETTLEMENT HOLDINGS LIMITED 國際商業結算控股有限公 司 （於百慕達註冊成立之有限公司） （股份代號：00147） 須予披露交易－ 成立合營企業 成立合營企業 董事會欣然宣佈，於二零二五年八月八日（交易時段後），本公司之全資附屬公司成泰與陳先 生就成立合營企業訂立合營協議，於註冊成立後，合營企業將由成泰及陳先生分別擁有70% 及30%權益。合營企業將主要從事加密資產相關業務。 上市規則之涵義 由於有關合營協議之最高適用百分比率（定義見上市規則）超過5%但低於25%，根據上市規 則第十四章，合營協議構成本公司的一項須予披露交易。因此，合營協議須遵守上市規則項 下的通告及公佈規定。 成立合營企業 董事會欣然宣佈，於二零二五年八月八日（交易時段後），本公司之全資附屬公司成泰與陳先 生就成立合營企業訂立合營協議，於註冊成立後，合營企業將由成泰及陳先生分別 ...

Group 1 - The article provides a list of companies involved in various financial activities such as earnings announcements, shareholder meetings, and new stock activities [2][3] - Several companies are mentioned for their dividend distribution dates, indicating their financial performance and shareholder returns [2][3] - The document highlights companies undergoing stock repurchases and capital increases, which may signal their financial strategies and market positioning [3] Group 2 - The article includes a list of companies that are currently in the process of IPOs, reflecting market interest and potential investment opportunities [2] - Companies like Silver Noble Pharmaceuticals and others are noted for their ongoing stock activities, which may attract investor attention [2] - The document also mentions companies that are resuming trading, indicating a potential recovery or change in market conditions [2]