Group 1 - The Hang Seng Index fell by 0.18%, down 45 points, closing at 24,727 points, while the Hang Seng Tech Index decreased by 0.12% [1] - In the semiconductor sector, InnoSilicon became the only Chinese chip manufacturer included in NVIDIA's latest 800V architecture supplier list, leading to a more than 30% increase in InnoSilicon's stock [1] - The Ministry of Industry and Information Technology issued a special energy-saving inspection task list for the polysilicon industry, boosting the solar panel sector, with notable stock increases for companies like Kaisheng New Energy (up over 5%) and Fuyao Glass (up over 4%) [1] Group 2 - Stone Pharmaceutical Group's stock rose over 6% after announcing a more than $2 billion overseas business development deal [2] - Ruihe Smart's stock surged over 10% following a profit warning, with expected net profits for the first half of the year reaching up to 44 million yuan, marking a turnaround from losses [3] - Inspur Digital Enterprises' stock increased nearly 6%, reaching a new high, with expected net profits for the first half of the year up to 190 million yuan, supported by its parent company Inspur Group [4] Group 3 - Xirui's stock rose over 4%, reaching a new high, as institutions predict rapid growth in the private aviation market [5] - Qiniu Intelligent's stock increased by over 8%, with its AI model user base surpassing 10,000, marking a significant milestone in its AI strategy [6] - Tsugami Machine Tool's stock rose over 5%, with its Japanese division reporting a 38.1% year-on-year increase in profits for the first quarter [7] Group 4 - New Macau International Development's stock fell over 4%, with its subsidiary New Macau Borya reporting a nearly 20% year-on-year decline in net income for the second quarter [7] - Kintor Pharmaceutical's stock plummeted over 16% after the company announced a discounted placement of shares at an 18.75% discount, raising approximately 40.34 million Hong Kong dollars [7]

Core Viewpoint - 瑞和数智 (03680) has experienced a significant stock price increase of over 9% following a positive earnings forecast, with the stock price nearly doubling since July 16, currently trading at 2.16 HKD [1] Group 1: Financial Performance - The company expects to turn a loss of 36.04 million HKD from the previous year into a profit of 43 million to 44 million HKD for the six months ending June 30, 2025 [1] - Key factors contributing to the profit growth include fair value gains from holding 15 million shares of Tokyo Central Auction (01939) and cost optimization measures across R&D, administrative expenses, financing costs, and sales expenses [1] Group 2: Business Operations - The main business segments of 瑞和数智 include data solutions, hardware and software sales, IT maintenance and support services, and commodity trading, all of which have maintained stable operations during the period [1]

Core Viewpoint - 瑞和数智 (03680) has experienced a significant stock price increase of over 9% following a profit alert, with its stock price nearly doubling since July 16, currently trading at 2.16 HKD [1] Financial Performance - The company expects to turn a loss of 36.04 million HKD from the previous year into a profit of 43 million to 44 million HKD for the six months ending June 30, 2025, based on preliminary reviews of its unaudited consolidated management accounts [1] - Key factors contributing to the profit growth include fair value gains from holding 15 million shares of Tokyo Central Auction (01939) and cost optimization measures that improved profitability [1] Business Operations - The main business segments of 瑞和数智 include data solutions, hardware and software sales, IT maintenance and support services, and commodity trading, all of which have maintained stable operations during the reporting period [1]

Core Viewpoint - 瑞和数智科技控股有限公司预计2025年上半年将实现盈利约4300万至4400万元人民币，主要得益于前瞻性投资布局、管理效率提升和降本增效措施的持续推进 [1] Investment Performance - 瑞和数智的盈利增长主要源于其在投资领域的卓越表现，特别是参与联合要约收购东京中央拍卖控股有限公司，获得显著的持有收益 [2] - 该公司在2025年4月以每股0.44港元收购1500万股东京中央拍卖控股有限公司，至2025年6月30日股价已升至每股4.95港元，带来超过6000万港元的收益 [2] Core Business and Technology - 瑞和数智在金融科技领域持续深耕，提供大数据解决方案和营销科技，服务能力得到广泛认可 [4] - 公司积极拓展客户群体，将服务模式从金融机构扩展到其他行业，推动技术能力的跨行业迁移 [4] Diversification Strategy - 瑞和数智推进多元化发展战略，计划投资8000万港元布局加密货币资产与Web3.0赛道，以响应香港政府的政策 [5] - 公司与上海源庐加佳信息科技有限公司合作，致力于打造以国产GPU为核心的软硬件一体化解决方案 [5] Investment Empowerment Model - 瑞和数智的高管团队将持续探索更多价值投资的可能性，关注财务回报的同时，通过投后深度赋能企业发展 [6] Future Outlook - 2025年中期业绩盈利预喜反映了公司"科技深耕+战略投资"的双轮驱动模式的初步成效，未来将把握数字经济与智能时代的广阔机遇 [7]

Core Viewpoint - 瑞和数智科技控股有限公司预计2025年上半年将实现盈利约4300万至4400万元人民币，主要得益于前瞻性投资布局、管理效率提升和降本增效措施 [1] Investment Performance - 2025年上半年盈利增长主要源于公司在投资领域的卓越表现，特别是参与联合要约收购东京中央拍卖控股有限公司，带来超过6000万港元的持有收益 [1] Financial Technology Focus - 公司在金融科技领域持续深耕，服务能力得到广泛认可，成功将服务模式从金融机构扩展到其他行业，开辟新的增长空间 [3] - 瑞和数智积极探索金融行业的细分市场，联合香港金融科技企业开发虚拟加密资产交易系统，抢占数字金融基建升级的先机 [3] Diversification Strategy - 公司推进多元化发展战略，计划斥资8000万港元布局加密货币资产与Web3.0赛道，响应香港政府推动虚拟资产产业发展的政策 [4] - 与上海源庐加佳信息科技有限公司合作，打造软硬件一体化解决方案，拓宽业务边界 [4] Investment Empowerment Model - 瑞和数智高管团队将持续探索更多价值投资的可能性，通过投后深度赋能企业发展，实现协同创新与价值提升 [5] Future Outlook - 2025年中期业绩盈利预喜是公司"科技深耕+战略投资"双轮驱动模式成效的初步显现，未来将把握数字经济与智能时代的广阔机遇 [6]

Core Viewpoint - 瑞和数智 (03680) expects to turn a loss of approximately RMB 36.04 million for the six months ending June 30, 2024, into a profit of about RMB 43 million to RMB 44 million for the six months ending June 30, 2025 [1] Group 1: Financial Performance - The company anticipates a significant turnaround in financial performance, moving from a loss to a profit within a year [1] - The expected profit increase is attributed to two main factors: fair value gains from financial investments and cost reduction measures implemented by the company [1][1] Group 2: Business Operations - The company's main business segments, including data solutions, software and hardware sales, IT maintenance and support services, and commodity trading, have remained stable during the period [1] - The company has successfully reduced R&D expenses, administrative costs, financing costs, and sales expenditures compared to the same period last year [1]

Core Viewpoint - 瑞和数智 (03680) expects to turn a loss of approximately RMB 36.04 million for the six months ending June 30, 2024, into a profit of approximately RMB 43 million to RMB 44 million for the six months ending June 30, 2025 [1] Group 1: Financial Performance - The company anticipates a significant turnaround in financial performance, moving from a loss to a profit within a year [1] - The expected profit increase is attributed to two main factors: fair value gains from financial investments and cost reduction measures implemented by the company [1][1] Group 2: Business Operations - The company's main business segments include data solutions, sales of software and hardware, IT maintenance and support services, and commodity trading, all of which have remained stable during the period [1] - The company has successfully reduced R&D expenses, administrative costs, financing costs, and sales expenditures compared to the same period last year [1]

Core Viewpoint - 瑞和数智 (03680.HK) is expected to turn a profit in the six months ending June 30, 2025, with a projected profit attributable to shareholders ranging from approximately RMB 43 million to RMB 44 million, compared to a loss of about RMB 36.04 million in the same period of 2024 [1] Group 1: Financial Performance - The company anticipates a significant turnaround from a loss to a profit in the upcoming financial period [1] - The expected profit is attributed to two main factors: fair value gains from financial investments, particularly from holding 15 million shares of Tokyo Central Auction (01939.HK) [1] - Cost reduction measures have been effectively implemented, leading to decreased R&D expenses, administrative costs, financing costs, and sales expenses compared to the same period last year [1] Group 2: Business Operations - The company's main business segments, including data solutions, sales of hardware and software, IT maintenance and support services, and commodity trading, have remained stable during the period [1]

Ruihe Data Technology Holdings Limited 瑞和數智科技控股有限公司 （於開曼群島註冊成立之有限公司） 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 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 瑞和數智科技控股有限公司 薛守光 （股份代號：3680） 正面盈利預告 本 公 告 乃 由 瑞 和 數 智 科 技 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本 集 團」）根 據《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》（「《上市規則》」）第13.09(2)(a)條 及香港法例第571章《證券及期貨條例》第XIVA部內幕消息條文（定義見《上市規則》） 發出。 本 公 司 董 事（「董 事」）會（「董事會」）謹 此 知 會 本 公 司 股 東（「股 東」）及 潛 在 投 資 者， 根 據 對 本 集 團 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月（「期 間」）的 未 經 審 計 綜 合 管 理 ...

Core Viewpoint - 瑞和数智 is transforming from a traditional IT service provider to a digital asset trading infrastructure builder, leveraging the Hong Kong regulatory environment and its 20 years of financial IT experience to capitalize on the digital asset market [1][6][15] Group 1: Company Background and Strategy - 瑞和数智 has over 20 years of experience in financial technology and is strategically investing 80 million HKD to enter the Web 3.0 and cryptocurrency sectors [2][6] - The company aims to upgrade traditional financial services through "on-chain" technology, transitioning from an IT supplier to a digital financial ecosystem builder [2][3] - 瑞和数智 has a strong competitive edge, being a national-level specialized small giant enterprise with numerous software copyrights and patents, and has been recognized as the top provider in the Chinese banking IT solutions market [2][3] Group 2: Technological and Human Resources - The company boasts a highly skilled core team, with 89% of its workforce being technical talent, many of whom have over 20 years of experience in big data and AI solutions [3] - 瑞和数智's deep industry understanding and established client relationships differentiate it from purely conceptual Web 3.0 companies [3] Group 3: Financial Position and Investments - 瑞和数智 completed a placement of 130 million shares at 0.301 HKD per share, raising 38.6 million HKD to optimize its capital structure [3] - The company has also made a strategic investment in Tokyo Central Auction, acquiring 15 million shares at 0.44 HKD each, with the current market price at 6.8 HKD, yielding a holding gain of nearly 90 million HKD [3] Group 4: Market Context and Regulatory Environment - The implementation of the Hong Kong Stablecoin Regulation is expected to create significant opportunities for digital asset development, with the Hong Kong Securities and Futures Commission issuing 11 virtual asset trading platform licenses by July 2025 [6][7] - The global stablecoin market is estimated at 240 billion USD, with projected trading volumes exceeding 20 trillion USD in 2024, indicating a growing demand for digital assets [7] Group 5: Valuation and Market Perception - 瑞和数智 is currently undervalued, with a market capitalization of 1.4 billion HKD, while comparable companies have significantly higher valuations [11][12] - The company's price-to-sales ratio is 3.45, the lowest among its peers, indicating a substantial valuation gap despite its competitive advantages [12][14] - Since announcing its strategic transformation, 瑞和数智's stock price has increased by nearly 32% in just four trading days, reflecting positive market sentiment [7][14] Group 6: Future Outlook - As the company transitions into a growth phase, it is well-positioned to benefit from the influx of capital into emerging markets and the increasing interest in digital assets [14][15] - 瑞和数智's strategic investments and partnerships, such as with OSL Group, are expected to accelerate its compliance and regulatory efforts in the digital asset space [7][15]