格隆汇8月21日丨元征科技(02488.HK)公告，8月21日耗资197万港元回购17.4万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 深圳市元征科技股份有限公司 呈交日期： 2025年8月21日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02488 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫 ...

Core Insights - The global regulatory framework for stablecoins is accelerating, particularly with the implementation of Hong Kong's Stablecoin Regulation on August 1, which is expected to drive the Real World Asset (RWA) industry into a compliance-driven growth phase [1] - Citibank predicts that the global RWA market could exceed $1 trillion by the end of 2027, with a compound annual growth rate (CAGR) of over 100%, while BCG and ADDX forecast the market could reach $16 trillion by 2030, accounting for 10% of global GDP [1] - The RWA industry is positioned for explosive growth, comparable to AI and robotics, indicating potential for significant investment returns [1] Company Developments - Yuan Zheng Technology announced its entry into the RWA sector, leveraging its expertise in blockchain and automotive data to explore asset tokenization and related RWA applications [2][3] - The company plans to complete feasibility studies and technical preparations for its RWA business by Q4 2025, with a pilot project expected to launch in 2026 [2] - Yuan Zheng Technology holds 340 blockchain-related patents, establishing a strong technical foundation for its RWA initiatives [2][3] Data and Market Position - The company has connected over 390 million vehicles through its diagnostic devices, generating nearly 1.9 billion diagnostic reports, positioning it to create the world's largest automotive diagnostic database [3] - The data assets are crucial for RWA value anchoring and innovation, providing a key advantage for Yuan Zheng Technology in the RWA landscape [3] Business Model Innovations - Yuan Zheng Technology is exploring a "device leasing + revenue sharing" model, which could lower customer acquisition costs and enhance market penetration [4] - The company is also considering data assetization by creating tradable data assets from anonymized diagnostic reports, which could open new revenue streams and strengthen its competitive position [5] Growth and Transformation - The company's revenue grew approximately 10% to 981 million yuan, with net profit increasing by 28.47% to 194 million yuan in the first half of 2025, driven by high-margin software and data services [6] - The exploration of RWA signifies a shift from traditional hardware sales to a focus on continuous cash flow and high-value data assets, potentially leading to a three-tier value cycle of device leasing, data asset securitization, and revenue asset circulation [7] - Successful advancement in the RWA sector could lead to a revaluation of the company in the secondary market, transitioning its positioning towards software and data service providers [7]

Core Viewpoint - The global regulatory framework for stablecoins is accelerating, particularly with the implementation of Hong Kong's stablecoin regulations, which is expected to drive the Real World Asset (RWA) industry into a compliance-driven explosive growth phase [1] Industry Overview - The global RWA market is projected to exceed $1 trillion by the end of 2027, with an annual compound growth rate of over 100% [1] - By 2030, the RWA market size is expected to reach $16 trillion, accounting for 10% of global GDP [1] - The RWA industry is positioned as a "golden track" for growth, comparable to AI and robotics industries [1] Company Developments - Yuan Zheng Technology announced its entry into the RWA sector, leveraging its expertise in blockchain and automotive data [2] - The company plans to complete feasibility studies and technical preparations for its RWA business by Q4 2025, with a pilot project aimed for launch in 2026 [2][3] - Yuan Zheng Technology holds 340 patents in blockchain technology, establishing a strong technical foundation for RWA applications [3] Data Asset Utilization - The company has connected over 390 million vehicles through its diagnostic devices, creating a vast database of nearly 1.9 billion diagnostic reports [3] - This data asset is crucial for RWA value anchoring and innovation [3] - Yuan Zheng Technology aims to explore various paths in RWA, including equipment assetization and data assetization [4][5] Equipment Assetization Strategy - The company plans to shift from direct sales of diagnostic equipment to a "leasing + revenue sharing" model, allowing for the creation of RWA assets from rental income [4] - This model is expected to lower the entry barrier for customers, enhancing market penetration [4] Financial Performance - Yuan Zheng Technology has experienced significant growth, with a revenue increase of approximately 10% to 981 million yuan and a net profit growth of 28.47% to 194 million yuan as of mid-2025 [6] - High-margin businesses such as software and remote diagnostic services have shown substantial growth, indicating a transition from a manufacturing to an intelligent enterprise [6] Future Growth Potential - The exploration of RWA signifies a shift from traditional hardware sales to a focus on continuous cash flow and high-value data assets [7] - The company aims to establish a three-tier value cycle system, enhancing its growth potential in software services, data operations, and financial solutions [7] - Successful advancement in the RWA sector could lead to a revaluation of the company's market position towards software and data service providers [7]

Core Viewpoint - The company, Yuan Zheng Technology (02488), announced its strategic plan to leverage its existing business and technology in the Real World Asset (RWA) sector to promote assetization of equipment and related RWA applications [1] Group 1: Business Strategy - The company aims to explore the feasibility of RWA applications based on a portion of its high-end product series, which includes PAD series automotive diagnostic equipment, new energy vehicle maintenance equipment, ADAS calibration equipment, and four-wheel alignment equipment [1] - The strategy involves formulating technical solutions, hiring additional R&D personnel, and collaborating with technology partners to develop and deploy a technical platform [1] Group 2: Technological Capabilities - The company has a strong foundation in blockchain and automotive data, having applied for over 300 blockchain-related patents [1] - It has established connections with over 390 million vehicles globally through automotive diagnostic equipment [1]

Core Viewpoint - The company, Yuan Zheng Technology (02488), is strategically positioning itself to leverage its existing business and technology in the Real World Asset (RWA) sector, focusing on assetization of equipment and related RWA applications [1] Group 1: Business Strategy - The company plans to utilize its extensive experience in blockchain and automotive data, having filed over 300 blockchain-related patents and connected with over 390 million vehicles globally through automotive diagnostic equipment [1] - The strategy includes exploring the feasibility of RWA applications based on a selection of high-end product lines, such as PAD series automotive diagnostic devices, new energy vehicle maintenance equipment, ADAS calibration equipment, and four-wheel alignment equipment [1] Group 2: Development Initiatives - The company aims to establish technical solutions, hire additional R&D personnel, and collaborate with technology partners to develop and deploy a technical platform [1] - There is also a consideration to apply for relevant business pilot projects under compliance conditions [1]

Core Viewpoint - The company, Yuan Zheng Technology (02488.HK), is planning to leverage its existing business and technology in the Real World Asset (RWA) sector to promote assetization of equipment and related RWA applications [1] Group 1: Business Strategy - The company has a strong foundation in blockchain and automotive data, having applied for over 300 blockchain-related patents [1] - It has established connections with over 390 million vehicles globally through automotive diagnostic equipment [1] - The company aims to explore the feasibility of RWA applications based on a selection of high-end product series, including PAD series automotive diagnostic equipment, new energy vehicle maintenance equipment, ADAS calibration equipment, and four-wheel alignment equipment [1] Group 2: Development Plans - The company plans to develop technical solutions, hire additional R&D personnel, and collaborate with technology partners to create and deploy a technology platform [1] - It will consider applying for relevant business pilot projects under compliance requirements [1]

本公司在區塊鏈和汽車數據領域具備深厚積累，已申請區塊鏈相關專利超過300項，累計通過汽車診 斷設備與全球逾3.9億台車建立連接。據此，本公司擬以部分高端產品系列（包括PAD系列汽車診斷設 備、新能源車維修保養設備、ADAS校準設備、四輪定位設備等）資產為基礎，探索RWA應用之可行 性，包括制定技術方案、增聘相關研發人員、與技術合作夥伴共同開發及部署技術平台，以及在合 規前提下考慮申請相關業務試點。 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 整性亦無發表任何聲明，並明確表示，概不對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。 深圳市元征科技股份有限公司 LAUNCH TECH COMPANY LIMITED* （在中華人民共和國註冊成立之股份有限公司） （股份代號：2488） 自願公告－開展設備資產化及相關RWA應用之戰略佈局 深圳市元征科技股份有限公司（「本公司」）董事會（「董事會」）欣然宣佈：本公司將結合現有業務積累與 真實世界資產(RWA)領域技術，推動設備資產化及相關RWA應用之戰略佈局。 董事長 劉新 中國深圳，二零二五 ...

Core Viewpoint - Multiple companies, including Tencent Holdings and China Hongqiao, conducted share buybacks on August 20, 2025, with Tencent leading in both volume and monetary value [1]. Group 1: Buyback Details - Tencent Holdings (00700) repurchased 934,000 shares for a total of 551 million [2]. - China Hongqiao (01378) repurchased 3,318,000 shares for a total of 784.03 million [2]. - Other notable buybacks include: - Techtronic Industries (00669): 250,000 shares for 25.19 million [2]. - Hang Seng Bank (00011): 200,000 shares for 22.37 million [2]. - Guochuang Tongqiao-B (02190): 100,000 shares for 2.32 million [2]. Group 2: Year-to-Date Buyback Performance - Year-to-date buyback totals for selected companies include: - Tencent Holdings: 40,267,000 shares, representing 0.438% of total shares [2]. - China Hongqiao: 52,641,500 shares, representing 0.560% of total shares [2]. - Techtronic Industries: 750,000 shares, representing 0.041% of total shares [2]. - Other companies with significant year-to-date buybacks include: - Maple Leaf Education (01317): 4,903,200 shares, representing 1.650% of total shares [2]. - Yanzheng Technology (02488): 2,190,500 shares, representing 1.356% of total shares [2].

8月20日，元征科技回购1.30万股股票，每股回购均价11.48港元，共耗资约14.93万港元，本年累计回购 524.80万股，占总股本3.29%。 截至当日港股收盘，元征科技下跌1.63%，报11.48港元/股。 本文源自：金融界 作者：港股君 元征科技近期回购情况 回购日期回购均价回购股数回购金额本年累计回购股数2025-08-2011.4831.30万14.93万524.80万2025-08- 1911.7288500.009.97万523.50万2025-08-1811.77736.85万434.00万522.65万2025-08-1511.9995.30万63.60万 485.80万2025-08-1412.6714.45万56.39万480.50万2025-08-1312.98410.75万139.58万476.05万2025-08- 1212.96325.65万332.49万465.30万2025-08-1112.5187.25万90.75万439.65万2025-08-0812.54227.95万 350.54万432.40万2025-08-0712.11135.10万425.10万404.4 ...