（於英屬處女群島註冊成立的有限公司） （股份代號： ） 2025 中期報告 目錄 | 公司資料 | 2 | | --- | --- | | 主席致辭 | 3 | | 管理層討論與分析 | 6 | | 簡明綜合損益表 | 17 | | 簡明綜合其他全面收益表 | 18 | | 簡明綜合財務狀況表 | 19 | | 簡明綜合權益變動表 | 20 | | 簡明綜合現金流量表 | 21 | | 簡明綜合財務報表附註 | 23 | | 其他資料 | 51 | 公司資料 董事會 執行董事 非執行董事 李林先生 （主席） 杜均先生 （首席執行官） 張麗女士 （首席財務官） 獨立非執行董事 葉偉明先生 林家禮博士 BBS JP 余俊傑先生 審核委員會 葉偉明先生 （主席） 林家禮博士 BBS JP 余俊傑先生 薪酬委員會 林家禮博士 BBS JP（主席） 葉偉明先生 余俊傑先生 提名及企業管治委員會 余俊傑先生 （主席） 葉偉明先生 林家禮博士 BBS JP 註冊辦事處 Vistra Corporate Services Centre Wickhams Cay II Road Town, Tortola BVI VG 111 ...

截至发稿， 新火科技控股(01611.HK)涨7.61%、 欧科云链(01499.HK)涨4.17%、 雄岸科技(01647.HK)涨 4.05%。消息方面，当地时间周二，美国参议院通过了具有里程碑意义的《GENIUS法案》，推动了美 国联邦政府对稳定币的监管努力，并向众议院施加压力，要求其规划国家对数字资产监管努力的下一阶 段。 ...

智通财经APP获悉，稳定币概念股普涨，截至发稿，中国光大控股(00165)涨5.52%，报5.73港元；OSL 集团(00863)涨3.67%，报12.44港元；联易融科技-W(01611)涨3.85%，报1.62港元；渣打集团(02888)涨 2.26%，报122港元。 消息面上，近日，香港特别行政区政府于5月30日在宪报刊登《稳定币条例》，这意味着《稳定币条 例》正式成为法例。此前，香港立法会已经在5月21日正式通过该条例草案，用以在香港设立"法币稳定 币" (挂钩法定货币的稳定币)发行人的发牌制度。该法例旨在推动金融创新的同时保持金融稳定，并标 志着香港在数字资产领域迈出了重要的一步。 据悉，稳定币的价值与某种稳定资产或货币挂钩，价格相对稳定，是加密货币市场的 "避风港"。而比 特币价格波动极大，受市场供需、政策法规、投资者情绪等多种因素影响。据招商证券研报指出，截至 今年5月，全球稳定币市场规模达到2380亿美元。渣打预测，2028年这一数字将达到2万亿美元。 值得关注的是，港股多家相关概念股抢先布局。据报道，稳定币巨头Circle预计于6月5日在美国纽约证 券交易所(NYSE)上市，这将是稳定币领域 ...

港股加密货币概念股拉升，连连数字(02598.HK)一度涨近80%，欧科云链(01499.HK)涨超30%，新火科 技控股（01611.HK）涨近9%，此前香港稳定币条例正式成为法例。 ...

5月26日，新火科技控股（01611.HK）发布了截止到2025年3月31日止六个月的中期业绩财报。报告期 内，该公司实现营收34.56亿港元，同比激增427.1%。 然而，尽管新火科技控股收入高速增长，但其盈利能力却大幅倒退。报告期内，毛利同比下跌65.8%至 1099万港元；毛利率骤降至0.3%，较上年同期减少4.6个百分点；归母净利润为亏损1230万港元，而上 年同期录得盈利9981.3万港元，由盈转亏。 本文源自：财华网 5月27日，新火科技控股（01611.HK）股价早盘低开，而后有所反弹，截至发稿涨幅为2.41%，报1.70港 元/股。 资料显示，新火科技控股主要提供虚拟资产交易以及提供技术解决方案服务。其中，虚拟资产交易包括 向客户提供虚拟资产借贷资产管理以及提供场外交易平台，充当交易所功能。目前，加密货币交易业务 是该公司的主要收入来源，占比约99.5%。 新火科技控股收入大幅增长，主要源于加密货币交易业务的收入大增。财报显示，新火科技加密货币交 易业务收入暴增453.6%至34.38亿港元。而其他业务则同比下降48.2%至1792.3万港元。不过由于其他业 务占比极低，因此营收主要受加密货币 ...

Financial Performance - Revenue for the six months ended March 31, 2025, was HKD 3,455,679,000, representing a 427.1% increase compared to HKD 655,608,000 for the same period in 2024[2] - Gross profit decreased to HKD 10,990,000, down 65.8% from HKD 32,141,000, resulting in a gross margin of only 0.3% compared to 4.9% in the previous year[2] - The company reported a loss before tax of HKD 12,300,000, a decline of 112.4% from a profit of HKD 99,266,000 in the prior year[2] - Basic and diluted loss per share was HKD (2.64), a significant drop from earnings of HKD 21.42 per share in the same period last year[5] - The company experienced a net loss of HKD 12,300,000 for the period, compared to a profit of HKD 101,167,000 in the same period last year[6] - The company reported a net loss attributable to shareholders of HKD 12,300,000 for the six months ended March 31, 2025, compared to a profit of HKD 99,813,000 in the same period of 2024[35] - The group reported a loss before tax of approximately HKD 12.3 million for the period 2025, compared to a profit of approximately HKD 99.3 million in 2024, primarily due to a decrease in other business income by approximately HKD 16.7 million, mainly from the suspension of cryptocurrency mining services[72] Cash and Equity - Cash and cash equivalents as of March 31, 2025, were HKD 61,856,000, a slight decrease of 0.7% from HKD 62,282,000 as of September 30, 2024[2] - Total equity decreased to HKD 275,485,000, down 2.3% from HKD 281,909,000 at the end of the previous reporting period[8] - The company’s total non-current assets are located entirely in China, including Hong Kong[26] - As of March 31, 2025, the company reported trade receivables of HKD 1,705,000, a decrease of 61% from HKD 4,384,000 as of September 30, 2024[41] - The company’s trade receivables from related parties amounted to HKD 1,007,000 as of March 31, 2025, down from HKD 2,759,000 as of September 30, 2024[40] - The company’s total assets related to trade and other receivables were HKD 190,958,000 as of March 31, 2025, compared to HKD 240,685,000 as of September 30, 2024[41] - As of March 31, 2025, the group had no outstanding borrowings, maintaining a debt-to-asset ratio of 0%[82] Acquisitions and Investments - The company has entered into agreements to acquire 100% of Avenir Asset Holding Limited for $30,462,086.38 and approximately 7.69% of BitTrade Inc. for $2,769,435.22, totaling approximately $33,231,521.60[10] - Avenir Asset Holding Limited will become a wholly-owned subsidiary, and BitTrade will be an indirect subsidiary, with their financial performance consolidated into the company's financial statements[11] - The acquisition of Avenir Asset Holding Limited and BitTrade is part of the company's strategy to expand its presence in the cryptocurrency trading business[10] - The company is committed to integrating the financial results of the acquired entities into its overall financial performance[11] - The group has completed the acquisition of over 50% of the shares in the compliant exchange BitTrade, which will result in an indirect ownership of 92.31% upon completion of the acquisition[100] Revenue Sources - Cryptocurrency trading business revenue was HKD 3,437,756,000, a substantial increase from HKD 620,989,000 in the previous year[4] - Cryptocurrency trading accounted for HKD 3,437,756,000 of the total revenue, compared to HKD 620,989,000 in the previous year, indicating a growth of around 453%[27] - Revenue from the asset management services was approximately HKD 12.8 million for the 2025 period, a decrease of approximately 25.7% from HKD 17.3 million in the 2024 period[62] - Revenue from the custody services increased to approximately HKD 0.6 million in the 2025 period, up approximately 64.3% from HKD 0.4 million in the 2024 period[64] - The technology solutions business generated revenue of approximately HKD 3.7 million in the 2025 period, compared to approximately HKD 2.9 million in the 2024 period[59] Operational Changes and Strategies - The company continues to focus on expanding its services in the virtual asset ecosystem, including asset management and cryptocurrency trading[9] - The group aims to enhance its one-stop virtual asset service ecosystem, focusing on compliance exchange operations and integrating custody, asset management, and quantitative product services[99] - The group plans to expand its asset management business in Hong Kong, offering a more diversified virtual asset investment fund structure to professional investors[101] - The group has implemented a series of network controls to mitigate digital asset custody risks, including two-factor authentication and daily wallet management[93] - The group is committed to adhering to anti-money laundering regulations, with ongoing monitoring and reporting procedures in place to reduce compliance risks[95] - The group is developing a comprehensive upgrade of its one-stop virtual asset service platform to optimize user experience and facilitate seamless asset management[99] - The group has introduced various quantitative trading strategies, including Delta neutral strategies and high-frequency trading strategies, to provide clients with stable returns and risk-neutral services[101] Governance and Compliance - The company has adopted new and revised Hong Kong Financial Reporting Standards that do not have a significant impact on its financial performance and position[16] - The new Hong Kong Financial Reporting Standard No. 18 will affect the presentation of the consolidated income statement and future disclosures in the consolidated financial statements[20] - The group has adopted all applicable corporate governance code provisions as of March 31, 2025[103] - The board of directors includes non-executive director Mr. Li Lin (Chairman), executive directors Mr. Du Jun (CEO) and Ms. Zhang Li, and independent non-executive directors Mr. Yu Junjie, Mr. Ye Weiming, and Dr. Lin Jiali[107] Market Risks - The group is facing unique risks related to the rapid development of the digital asset market, including regulatory changes and market volatility, and is implementing operational infrastructure to support business growth[92] Other Financial Information - The company did not recommend the payment of an interim dividend for the six months ended March 31, 2025[33] - The company’s financing costs for the six months ended March 31, 2025, were HKD 122,000, down from HKD 4,679,000 in the previous year[28] - The company incurred a loss of HKD 4,326,000 from foreign exchange differences during the reporting period[27] - The company recognized a loss provision of HKD 10,250,000 during the six months ended March 31, 2025, compared to no loss provision in the same period last year[40] - The company completed a claim submission for FTX deposits amounting to approximately USD 18,089,000 (equivalent to about HKD 141,748,000) which has been accepted by the liquidator[37] - The company entered into a sale agreement for the claim amount at a price of approximately USD 19,500,000 (equivalent to about HKD 152,125,000) on May 24, 2024[38] - The company increased its authorized share capital from 500,000,000 shares to 700,000,000 shares with a par value of HKD 0.001 per share[42] - The company issued 157,000,000 new ordinary shares at a subscription price of HKD 2.08 per share, raising approximately HKD 324,605,000 after expenses[43] - The group recorded total revenue of approximately HKD 3,455.7 million for the six months ended March 31, 2025, an increase of approximately 427.1% or HKD 2,800.1 million compared to HKD 655.6 million for the six months ended March 31, 2024[58] - The group reported a gross profit of approximately HKD 11.0 million for the 2025 period, down from approximately HKD 32.1 million in the 2024 period[58] - Other income and gains for the 2025 period amounted to approximately HKD 6.0 million, an increase of approximately HKD 7.0 million from a net loss of approximately HKD 0.9 million in the 2024 period[69] - Administrative expenses for the 2025 period were approximately HKD 39.3 million, a significant decrease of approximately 27.4% from approximately HKD 54.1 million in the 2024 period[70] - The net cash used in operating activities for the period 2025 was approximately HKD 46.2 million, a decrease from approximately HKD 52.3 million in 2024, attributed to reduced cash used in administrative expenses and the acquisition of cryptocurrency for operational purposes[76] - The net cash from investing activities for the period 2025 was approximately HKD 41.8 million, significantly up from approximately HKD 0.7 million in 2024[77] - The net cash used in financing activities for the period 2025 was approximately HKD 0.4 million, a substantial decrease from approximately HKD 223.0 million in 2024, mainly due to lease liability repayments[79] - Major customers accounted for 37.9% of total revenue, while the top five customers represented 90.2% of total revenue for the period 2025[86] - The group has no significant contingent liabilities as of March 31, 2025, apart from those disclosed in the previous annual report[85] - The group had cash and cash equivalents of approximately HKD 61.9 million as of March 31, 2025, compared to HKD 62.3 million as of September 30, 2024[89] - The average number of ordinary shares outstanding increased slightly from 465,960,665 shares in 2024 to 466,173,190 shares in 2025[34]

Business Expansion and Acquisitions - SINOHOPE plans to acquire a majority stake in the Japanese cryptocurrency exchange BitTrade for over $33.23 million, aiming to expand its ecosystem and influence in the global cryptocurrency market[11]. - The acquisition will be settled by issuing up to 119,909,000 new shares, resulting in SINOHOPE indirectly holding 92.31% of BitTrade's shares[11]. - The company is in the process of acquiring a 7.69% stake in BitTrade for USD 2,769,435.22, which will make BitTrade an indirect subsidiary upon completion of the acquisition[37]. - A significant acquisition agreement was made for the purchase of shares in a British Virgin Islands company for a total consideration of $30,462,086.38 (approximately HKD 237,604,273.76)[36]. - The company entered into a conditional agreement to acquire BVI shares for USD 30,462,086.38 (approximately HKD 237,604,273.76)[187]. - The company also agreed to acquire approximately 7.69% of BitTrade shares for USD 2,769,435.22 (approximately HKD 21,601,594.72)[188]. Financial Performance - The company recorded total revenue from continuing operations of approximately HKD 1,569.4 million for the fiscal year ending September 30, 2024, a decrease of about 44.6% or HKD 1,264.2 million compared to HKD 2,833.6 million for the fiscal year ending September 30, 2023[40]. - The gross profit for the fiscal year 2024 was approximately HKD 44.2 million, an increase of about 325.7% or HKD 33.8 million compared to HKD 10.4 million in fiscal year 2023[40]. - The company achieved a net profit of approximately HKD 56.3 million in fiscal year 2024, compared to a net loss of approximately HKD 288.7 million in fiscal year 2023[41]. - Revenue from asset management services increased significantly to approximately HKD 25.6 million in fiscal year 2024, a rise of about 495.3% or HKD 21.3 million from HKD 4.3 million in fiscal year 2023[45]. - The total assets under management reached approximately USD 99.1 million as of the report date, up from approximately USD 81.8 million as of March 31, 2024[45]. - Revenue from the technology solutions business was approximately HKD 6.8 million in fiscal year 2024, a decrease of about 32% from HKD 10 million in fiscal year 2023[42]. - The company recorded total revenue from cryptocurrency trading business of approximately HKD 1,520.3 million, with a cost of sales of about HKD 1,511.1 million, resulting in a gross profit of approximately HKD 9.2 million, compared to a gross loss of HKD 2.7 million in fiscal year 2023[49]. - Other income for fiscal year 2024 was approximately HKD 4.8 million, a substantial increase of about HKD 11.3 million from a net loss of HKD 6.2 million in fiscal year 2023, primarily due to gains from cryptocurrency price increases[53]. - Administrative expenses decreased significantly to approximately HKD 106.2 million in fiscal year 2024, down about HKD 80.6 million or 43.1% from approximately HKD 186.8 million in fiscal year 2023[54]. - Financing costs for fiscal year 2024 were approximately HKD 4.8 million, a reduction of about HKD 10.3 million or 68.4% from approximately HKD 15.1 million in fiscal year 2023[55]. - The group achieved a profit before tax of approximately HKD 56.4 million in fiscal year 2024, a turnaround from a loss of approximately HKD 282.2 million in fiscal year 2023[56]. - The net cash used in operating activities for fiscal year 2024 was approximately HKD 10.7 million, a decrease from approximately HKD 245.2 million in fiscal year 2023[62]. - The net cash used in investing activities for fiscal year 2024 was approximately HKD 21.9 million, compared to a net cash inflow of approximately HKD 11.5 million in fiscal year 2023[63]. - As of September 30, 2024, the group had no outstanding borrowings, a significant change from HKD 467.2 million in borrowings as of September 30, 2023[67]. - The group did not declare a final dividend for fiscal year 2024, consistent with the previous year[59]. - The company declared a dividend using reserves amounting to HKD 279,452,000, which includes accumulated losses of HKD 312,895,000 and other reserves of HKD 592,347,000[178]. Regulatory and Compliance - The company upgraded the "Hong Kong VASP Licensing Guardian Program" in September 2024, significantly improving the efficiency of the licensing application process for virtual asset service providers[10]. - The company plans to focus on compliance asset management and the development of innovative MPC one-stop custody products in the upcoming fiscal year[83]. - The company aims to expand its TCSP compliant custody services, integrating virtual asset custody and trading services into a single product offering[84]. - The company has implemented measures to manage foreign currency risks through natural hedging and forward foreign exchange contracts[77]. - The company has adopted the corporate governance code as its corporate governance policy and practices, ensuring compliance with the listing rules[105]. - The board is responsible for the overall leadership direction and monitoring of the group's strategic decisions and performance[106]. - The company has established three committees to assist in fulfilling its corporate governance responsibilities[105]. - The company ensures that the roles of chairman and CEO are held by different individuals to avoid power concentration[109]. - The board's composition is reviewed annually to ensure compliance with listing rules regarding independent directors[110]. - The company has adopted a code of conduct for directors' securities trading, ensuring compliance with the standards set out in the listing rules[128]. Corporate Governance - The company has purchased adequate insurance for all directors to cover potential liabilities arising from their duties[106]. - The company secretary, Ms. Peng, was appointed on August 30, 2024, bringing over 10 years of experience in corporate governance[101]. - The board regularly reviews corporate governance practices to meet stakeholder expectations and comply with regulatory requirements[104]. - The board is committed to maintaining high standards of corporate governance and business ethics, which are crucial for improving group performance[104]. - The board consists of six members, including one non-executive director, two executive directors, and three independent non-executive directors[108]. - The company has a diversity policy in place, aiming to maintain a balanced representation, with a target to sustain the current female representation ratio[112]. - As of the fiscal year ending September 30, 2024, the company employed 86 staff members, with approximately 36% being female[117]. - The board held five meetings during the year to discuss major issues and review financial and operational performance[118]. - All independent non-executive directors have provided annual confirmations of their independence as required by listing rules[111]. - The board's diversity policy is reviewed annually by the nomination and corporate governance committee[112]. Market Environment and Trends - The external environment in 2024 is expected to be favorable for the global economy, with the Federal Reserve's interest rate cuts and increased liquidity in financial markets[6]. - The cryptocurrency market's total market capitalization has surpassed $3.9 trillion, driven by supportive policies from the newly elected U.S. president[6]. - Hong Kong's introduction of Bitcoin and Ethereum spot ETFs in 2024 is expected to boost confidence in traditional financial institutions and facilitate greater acceptance of crypto assets[7]. - Following the U.S. presidential election, Bitcoin surged past $100,000, with significant inflows into Bitcoin and Ethereum spot ETFs[15]. - The Hong Kong government aims to position the city as a global digital asset hub, enhancing its role in the Web3.0 landscape[16]. - Since the introduction of the virtual asset trading platform licensing regime in June 2023, the crypto industry in Hong Kong has seen new opportunities for growth[16]. Technology and Innovation - The company launched the MPC wallet equality feature in February 2024, enhancing transparency and usability by allowing stakeholders to have true control over funds[10]. - In April 2024, SINOHOPE released a BTC Layer2 co-custody product, facilitating multi-party custodial management of Bitcoin ecosystem assets[10]. - SINOHOPE's MPC technology addresses single-point risks associated with private key management, enhancing security for clients[10]. - The company launched a one-stop public chain ecosystem solution, providing comprehensive blockchain technology and infrastructure support to numerous leading enterprises in the Web3 ecosystem[14]. - The company will continue to innovate core custody technologies, such as distributed key derivation and threshold signatures, to enhance security and operational transparency for clients[84]. Employee and Stakeholder Relations - The company is committed to providing career development opportunities for its employees, recognizing their knowledge and skills[174]. - The company has established good relationships with its raw material suppliers and aims to enhance customer service satisfaction[174]. - The company encourages shareholders to submit written proposals regarding the group's operations, strategies, or management at shareholder meetings[152]. - The company maintains effective communication with shareholders to enhance investor relations and understanding of the group's business and performance[161]. - The group has a commitment to timely and non-selective disclosure of information to enable informed investment decisions by shareholders and investors[161]. Risk Management - The company has established an internal audit function to maintain good corporate governance and internal control systems[146]. - The board believes that the risk management and internal control systems are effective and sufficient after considering various strengthening measures[146]. - The company has implemented measures to enhance internal monitoring procedures regarding related party transactions[147]. - The finance department will continue to independently execute internal audit functions, assessing all significant aspects including legal risks and compliance controls[146].

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 告 之 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或 任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 SINOHOPE TECHNOLOGY HOLDINGS LIMITED 新 火 科 技 控 股 有 限 公 司 （ 於英屬處女群島註冊成立的有限公司） （股份代號：1611） 進一步延遲寄發有關 (1)涉及根據特別授權發行代價股份的非常重大收購及關連交易 (2)建議更新購股權計劃項下的計劃授權限額 (3)建議增加法定股本 及 (4)建議修訂組織章程大綱及細則 的通函 及 有關截至二零二四年九月三十日止年度 全年業績公告的澄清公告 進一步延遲寄發通函 – 1 – 由 於 需 要 更多 時 間 編 製 及 落 實 載 入通 函 的 資 料（ 例 如 本 公 司 截 至 二零 二 四 年 九 月 三 十 日 止 年 度 財 務 報 表 的 財 務 資 料 ）， 預 期 通 函 的 寄 發 日 期 將 進 一 步 延 遲 至 二 零 二五年一月二 ...

Financial Performance - For the fiscal year ending September 30, 2024, the company reported total revenue from continuing operations of HKD 1,520,345, a decrease of 45.9% from HKD 2,810,576 in the previous year[2]. - The gross profit for the year was HKD 44,224, with a gross margin of 2.8%, reflecting a significant increase of 325.7% compared to the previous year's gross profit of HKD 10,389[2]. - The company achieved a profit before tax from continuing operations of HKD 56,379, compared to a loss of HKD 282,173 in the previous year, marking a turnaround of 120.0%[2]. - Basic earnings per share from continuing operations increased to HKD 11.66, a 113.2% improvement from a loss of HKD 88.29 per share in the previous year[2]. - The company reported a total comprehensive income of HKD 55,131, compared to a loss of HKD 266,766 in the previous year[14]. - The company reported a pre-tax profit of HKD 54,322,000 for the year 2024, compared to a loss of HKD 287,371,000 in 2023[51]. - The company recorded total revenue from continuing operations of approximately HKD 1,569.4 million for the fiscal year ending September 30, 2024, a decrease of about 44.6% or HKD 1,264.2 million compared to HKD 2,833.6 million for the fiscal year ending September 30, 2023[133]. - Gross profit for the fiscal year 2024 was approximately HKD 44.2 million, an increase of about 325.7% or HKD 33.8 million compared to HKD 10.4 million in fiscal year 2023[133]. - The group recorded a net profit after tax of approximately HKD 56.3 million for fiscal year 2024, compared to a net loss of approximately HKD 277.3 million in 2023[157]. Cash Position and Equity - The net cash position improved to HKD 62,282, a 142.4% increase from a net cash position of HKD (147,044) in the previous year[2]. - Total equity increased by 31.9% to HKD 281,909, up from HKD 213,776 in the previous year[2]. - The total equity attributable to owners of the company was HKD 281,909 thousand in 2023, compared to HKD 206,350 thousand in 2024[18]. - As of September 30, 2024, the group has no outstanding borrowings, compared to HKD 467.2 million as of September 30, 2023, resulting in an asset-to-liability ratio of approximately zero, down from 218.5% in the previous year[166]. - The group reported cash and cash equivalents of HKD 62.3 million as of September 30, 2024, a significant improvement from a net cash position of HKD (147.0) million in the previous year[174]. Revenue Sources - Cryptocurrency trading revenue was HKD 1,520,345,000, down 46.0% from HKD 2,810,576,000 in the prior year[34]. - The technology solutions business generated revenue of approximately HKD 6.8 million in fiscal year 2024, a decrease of about 32% from HKD 10 million in fiscal year 2023[136]. - Asset management services generated revenue of approximately HKD 25.6 million in fiscal year 2024, a significant increase of about 495.3% or HKD 21.3 million compared to HKD 4.3 million in fiscal year 2023[139]. - The revenue from custody services for the fiscal year 2024 was approximately HKD 1.2 million, an increase of about HKD 0.1 million or 6.8% compared to HKD 1.1 million in 2023, driven by the rise in virtual asset prices[143]. - The revenue from cryptocurrency trading business in fiscal year 2024 was approximately HKD 1,520.3 million, with a cost of sales of approximately HKD 1,511.1 million, resulting in a gross profit of about HKD 9.2 million, compared to a gross loss of approximately HKD 2.7 million in 2023[145]. Liabilities and Financial Obligations - Non-current liabilities increased to HKD 110,238 thousand in 2023 from HKD 2,148 thousand in 2024[18]. - As of September 30, 2024, the company has total liabilities of HKD 173,526,000, a significant increase from HKD 12,549,000 in the previous year[76]. - The company recognized a credit loss provision of HKD 4,800,000, a decrease from HKD 5,450,000 in 2023[58]. - The company incurred a loss of HKD 11,412,000 from discontinued operations related to contract manufacturing[45]. Corporate Actions and Governance - The company changed its name from "New Huo Technology Holdings Limited" to "Sinohope Technology Holdings Limited" on September 13, 2023[113]. - The new stock abbreviation will change from "NEW HUO TECH" to "SINOHOPE TECH" effective October 16, 2023[114]. - The company issued 157,000,000 new shares at a subscription price of HKD 2.08 per share as part of two subscription agreements[111]. - The company did not purchase, redeem, or sell any of its listed securities during the fiscal year 2024[190]. - The audit committee has reviewed the accounting principles and practices adopted by the group, discussing audit and financial reporting matters[191]. Future Outlook and Strategic Plans - The company plans to expand its cryptocurrency trading business, which has shown significant growth potential[2]. - Future guidance indicates a cautious outlook, with expectations of continued volatility in the cryptocurrency market impacting revenue[2]. - The group plans to focus on compliance asset management, innovative development of one-stop custody products, and expansion of compliant virtual asset exchanges in 2025[182]. - By 2025, the group aims to introduce new virtual asset-related products for professional investors, including VA funds, Bitcoin and Ethereum ETFs, and structured VA products[183]. - The acquisition of BitTrade is expected to enhance the group's market position and facilitate expansion into the compliance business in Japan and other regions, strengthening its competitiveness in the cryptocurrency sector[185]. Legal Matters - The company is currently involved in three lawsuits related to online fraud in the UK, with potential liabilities amounting to approximately HKD 66,057,000[104][105][107]. - A lawsuit in the US seeks to recover approximately HKD 250,756,000 related to transactions with FTX Trading Limited[108].

: 24 新火科技 SINOHOPE SINOHOPE TECHNOLOGY HOLDINGS LIMITED 新火科技控股有限公司 (於英屬處女群島註冊成立的有限公司) (股份代號：1611) 024 . . . . . = r : ' 2 20 23 ■ 公司資料 中 期 報 告 . - = . - 7 25 59 12 | --- | --- | |--------------------------------------------------|--------------------------------------------------------------------------| | | | | 董事會 | 總辦事處及香港主要營業地點 | | 非執行董事 | 香 港 | | 李林先生 （主席） | 中環皇后大道中100號 7樓 702–3 室 電話： (852) 3565 2308 | | 執行董事 | 網站： http://www.sinohope.com http://www.irasia.com/listco/hk/sinohope/ | | 杜均先生 （首席執行官） 張麗女士 ...