Core Viewpoint - The cryptocurrency concept stocks in Hong Kong experienced a collective rise, indicating a positive market sentiment towards this sector [1]. Group 1: Stock Performance - Leading stocks included: - Navigating Medical Biotechnology rose by 7.69%, with a latest price of 0.490 and a market capitalization of 1.039 billion [2]. - New Fire Technology Holdings increased by 7.28%, priced at 7.220, with a total market value of 42.3 billion [2]. - Guotai Junan International saw a rise of 6.46%, trading at 5.440, with a market cap of 51.827 billion [2]. - OK Blockchain rose by 5.56%, priced at 0.570, with a market capitalization of 3.061 billion [2]. - Xiong'an Technology increased by 5.31%, with a price of 0.119 and a market cap of 0.0142 billion [2]. - Blueport Interactive rose by 3.95%, priced at 0.790, with a market capitalization of 0.0292 billion [2]. - Mistrategy increased by 3.08%, trading at 4.350, with a market cap of 1.601 billion [2]. - OSL Group rose by 2.97%, priced at 17.350, with a market capitalization of 12.801 billion [2]. - Huajian Medical increased by 2.70%, trading at 8.380, with a market cap of 135.74 billion [2]. - Jinyong Investment rose by 2.25%, priced at 9.980, with a market cap of 25.6 billion [2]. - Huaxing Capital Holdings increased by 2.16%, trading at 7.580, with a market cap of 4.346 billion [2].

本文源自：智通财经网 消息面上，华兴资本控股拟于8月28日举行董事会会议以审批中期业绩。公司此前发布盈喜，预期上半 年公司拥有人应占利润约6498万人民币，去年同期录得公司拥有人应占亏损约7382万人民币，同比实现 扭亏为盈，主要由于集团投资管理业务分部经营利润大幅增加，持续为集团的财务表现提供大力支持； 华兴证券有限公司2025年上半年亏损大幅降低，及集团在降低经营成本方面取得显著成果，经营开支显 著降低。 华兴资本控股(01911)再涨超6%，截至发稿，涨5.52%，报7.65港元，成交额3338.57万港元。 值得注意的是，华兴资本创始人包凡近日结束配合调查、重回公众视野。8月8日，华兴资本回应称，包 凡不再参与集团日常管理与运营，其个人生活动态属于私人事务范畴，华兴资本不再予以回应。据悉， 包凡已于2024年2月辞去华兴资本多项职务，其妻子许彦清后接任董事会主席，公司完成管理层架构与 包凡的职务切割。 ...

华兴资本控股(01911)再涨超6%，截至发稿，涨5.52%，报7.65港元，成交额3338.57万港元。 消息面上，华兴资本控股拟于8月28日举行董事会会议以审批中期业绩。公司此前发布盈喜，预期上半 年公司拥有人应占利润约6498万人民币，去年同期录得公司拥有人应占亏损约7382万人民币，同比实现 扭亏为盈，主要由于集团投资管理业务分部经营利润大幅增加，持续为集团的财务表现提供大力支持； 华兴证券有限公司2025年上半年亏损大幅降低，及集团在降低经营成本方面取得显著成果，经营开支显 著降低。 值得注意的是，华兴资本创始人包凡近日结束配合调查、重回公众视野。8月8日，华兴资本回应称，包 凡不再参与集团日常管理与运营，其个人生活动态属于私人事务范畴，华兴资本不再予以回应。据悉， 包凡已于2024年2月辞去华兴资本多项职务，其妻子许彦清后接任董事会主席，公司完成管理层架构与 包凡的职务切割。 ...

值得注意的是，华兴资本创始人包凡近日结束配合调查、重回公众视野。8月8日，华兴资本回应称，包 凡不再参与集团日常管理与运营，其个人生活动态属于私人事务范畴，华兴资本不再予以回应。据悉， 包凡已于2024年2月辞去华兴资本多项职务，其妻子许彦清后接任董事会主席，公司完成管理层架构与 包凡的职务切割。 消息面上，华兴资本控股拟于8月28日举行董事会会议以审批中期业绩。公司此前发布盈喜，预期上半 年公司拥有人应占利润约6498万人民币，去年同期录得公司拥有人应占亏损约7382万人民币，同比实现 扭亏为盈，主要由于集团投资管理业务分部经营利润大幅增加，持续为集团的财务表现提供大力支持； 华兴证券有限公司2025年上半年亏损大幅降低，及集团在降低经营成本方面取得显著成果，经营开支显 著降低。 智通财经APP获悉，华兴资本控股(01911)再涨超6%，截至发稿，涨5.52%，报7.65港元，成交额3338.57 万港元。 ...

Core Insights - The return of Baofan, the founder of Huaxing Capital, symbolizes a significant shift from a relationship-driven model to a technology-driven approach within the company [2][10] - Huaxing Capital has undergone a transformation during Baofan's absence, focusing on AI and embodied intelligence as core strategic directions [3][5] Group 1: Leadership and Management Changes - Baofan has re-emerged but will not participate in daily management, with the company now led by a professional management team [2] - The new management team has introduced the "Huaxing 2.0" strategy, emphasizing AI, embodied intelligence, and mergers and acquisitions [2][3] Group 2: AI Strategy and Developments - Huaxing Capital's AI strategy evolved from initial exploration to deep engagement, with significant investments in the embodied intelligence sector [3][4] - In July 2025, Huaxing participated as the sole financial advisor in three major financing rounds in the embodied intelligence field, totaling over 15 billion yuan [3] Group 3: Business Model Transformation - The shift to AI represents a paradigm change in Huaxing's business model, moving from traditional financial advisory (FA) to becoming an industry enabler [5] - Huaxing has built a cross-disciplinary team to enhance its technical capabilities, allowing for better assessment of embodied intelligence companies [5][6] Group 4: Ecosystem and Resource Integration - Huaxing positions itself as a connector within the AI ecosystem, linking technology providers, industry players, and capital sources [6] - The company has facilitated strategic partnerships and investments, creating a comprehensive value chain from technology development to market application [6] Group 5: Organizational Adaptation - Huaxing has adopted a flexible organizational culture to respond quickly to the fast-paced AI sector, allowing for rapid resource allocation during market changes [7] - The company encourages internal entrepreneurship, enabling teams to develop AI tools to improve project efficiency [7] Group 6: Challenges Ahead - Despite progress, Huaxing faces challenges in keeping up with rapid technological advancements in AI and ensuring effective commercialization of projects [8] - Internal collaboration among Huaxing's various divisions remains a critical area for improvement to maximize synergies [8]

格隆汇8月18日丨华兴资本控股(01911.HK)公告，公司将于2025年8月28日(星期四)举行董事会会议，藉 以(其中包括)考虑及批准公司及其附属公司截至2025年6月30日止6个月中期业绩及其发布。 ...

香港交易及結算所有限公司和香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而 引致的任何損失承擔任何責任。 CHINA RENAISSANCE HOLDINGS LIMITED 華興資本控股有限公司 承董事會命 華興資本控股有限公司 許彥清 董事會主席兼執行董事 香港，二零二五年八月十八日 於本公告日期，董事會包括主席兼執行董事許彥清女士；執行董事王力行先生及杜永波先生；非執行 董事林寧先生；及獨立非執行董事陳嘉麗女士、肇越先生、梁暉先生及FU Frank Kan先生。 董事會會議通告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.43條作出。 華興資本控股有限公司（「本公司」）董事會（「董事會」）僅此宣佈，本公司將於二零二五 年八月二十八日（星期四）舉行董事會會議，藉以（其中包括）考慮及批准本公司及其附 屬公司截至二零二五年六月三十日止六個月之中期業績及其發佈。 （於開曼群島註冊成立的有限公司） （股份代號：1911） ...

Company Overview - Huaxing Capital Holdings was established in 2005 and offers a range of financial services including investment management, private financing, mergers and acquisitions, securities issuance and underwriting, securities research and trading, and wealth management [2] - The company operates offices in Beijing, Shanghai, Hong Kong, and New York, employing over 600 staff members [2] - Huaxing Capital's investment banking business has been a core focus since its inception, maintaining the top market position in private financing advisory for 18 consecutive years [2] Financial Performance - As of December 31, 2024, Huaxing Capital reported total revenue of 840 million RMB, a year-on-year increase of 5.23% [1] - The net profit attributable to shareholders was -179 million RMB, reflecting a significant year-on-year increase of 62.06% [1] - The company's debt-to-asset ratio stands at 33.25% [1] Stock Performance - On August 18, the Hang Seng Index fell by 0.37%, closing at 25,176.85 points, while Huaxing Capital's stock price rose by 10.69% to 7.25 HKD per share [1] - Over the past month, Huaxing Capital has seen a cumulative increase of 8.44%, and a year-to-date increase of 129.02%, outperforming the Hang Seng Index by 25.97% [1] Industry Valuation - The average price-to-earnings (P/E) ratio for the financial sector (TTM) is 12.87 times, with Huaxing Capital's P/E ratio at -19.43 times, ranking 97th in the industry [1] - Comparatively, other financial firms have P/E ratios such as China Merchants China Fund at 2.58 times, Weizheng Jin Ke at 3.01 times, and Hong Kong Credit at 3.95 times [1] Investment Management - Huaxing New Economy Fund is the flagship product under the investment management segment, managing four USD funds and four RMB funds [3] - The fund leverages Huaxing Capital's ecosystem advantages to provide unparalleled industry networks and market coverage, becoming a preferred partner for innovative economic entrepreneurs [3] Future Outlook - A significant increase in net profit is anticipated for the mid-year report in 2025, with expected profit attributable to shareholders around 64.98 million RMB, representing a year-on-year growth of 188.02% [4]

Core Viewpoint - Huaxing Capital Holdings (01911) has experienced a significant stock price increase, rising over 9% to reach a new high of 7.38 HKD since March 2023, with a year-to-date increase of 150% [1] Financial Performance - The company anticipates a profit attributable to shareholders of approximately 64.98 million RMB for the six months ending June 30, 2025, marking a turnaround from previous losses [1] - The substantial increase in operating profit from the investment management segment has been a key driver of the company's financial performance [1] - Losses at Huaxing Securities Limited have significantly decreased, and the company has achieved notable results in reducing operating costs [1] Strategic Initiatives - In June 2023, the board approved a budget of 100 million USD to expand into the Web 3.0 and cryptocurrency asset sectors over the next two years [1] - The company plans to enhance its investments in stablecoins, Real World Assets (RWA), and the entire cryptocurrency ecosystem, while actively pursuing the application and upgrade of relevant business licenses [1] - Huaxing Capital has successfully invested in Circle Internet Group and provided listing and financing services for numerous leading cryptocurrency firms [1]

华兴资本控股(01911)涨超3%，截至发稿，涨3.31%，报6.56港元，成交额4299.8万港元。 消息面上，近日，华兴资本控股发盈喜，集团预期于截至2025年6月30日止6个月取得公司拥有人应占利 润约6498万人民币，而于2024年同期取得公司拥有人应占亏损约7382万人民币。 集团于截至2025年6月30日止6个月实现扭亏为盈并取得显著盈利主要由于集团投资管理业务分部经营利 润大幅增加，持续为集团的财务表现提供大力支持；华兴证券有限公司截至2025年6月30日止6个月的亏 损大幅降低；及集团在降低经营成本方面取得显著成果，经营开支显著降低。 ...