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]

在数字浪潮重塑全球金融格局的大背景下，市值仅14亿港元的瑞和数智(03680)正悄然蜕变。当市场还 在争论数字资产赛道的真实需求时，这家覆盖80%头部银行的金融科技老兵，已借力香港《稳定币条 例》合规通道，将8000万港元弹药精准投向加密货币、RWA等香港证监会许可资产。其战略升维的深 层逻辑在于：以20年金融IT根基为跳板，从系统供应商蜕变为数字资产交易底层架构的构建者——一场 由政策红利与技术积淀共同驱动的价值重估正在发酵。 传统业务为基石，二十年金融科技沉淀的底气 在全球资产数字化浪潮下，市场竞争有可能加剧，而瑞和数智依托三大核心竞争力展现出显著优势： 从业务能力来看，瑞和数字在金融科技领域深耕超20年，长期服务于金融机构的核心系统，是国家级专 精特新小巨人企业，并且多年蝉联IDC评选的"中国银行业IT解决方案智能营销市场第一名"，拥有149 项软件著作权及64项专利资质，并通过CMMI五级认证(全球软件领域最高等级)。 具备人工智能、大数据等技术并实现与Web3技术深度融合，始终是数字金融生态发展不可或缺的技术 支撑。瑞和数智有着出色的核心团队，技术人才占比高达89%，核心技术团队来自Teradata ...

【今日头条】 香港金管局发布稳定币发行人指引，可于9月30日或之前提交申请 香港金融管理局就2025年8月1日起实施的稳定币发行人监管制度发布《持牌稳定币发行人监管指引》、 《打击洗钱及恐怖分子资金筹集指引》，以及两项指引的咨询总结。两套指引于2025年8月1日刊宪。香 港金管局同时发布与发牌制度及申请程序相关的《稳定币发行人发牌制度摘要说明》，以及《原有稳定 币发行人过渡条文摘要说明》。 香港金管局表示，截至今日尚未发出任何牌照。鼓励有意申请牌照的机构于2025年8月31日或之前联系 金管局，让金管局可传达监管期望并适当提供反馈。发牌将是一个持续进行的过程，如个别机构认为已 准备充分并希望尽早获得考虑，应于2025年9月30日或之前向金管局提交申请。 对于首批牌照的潜在得主，机构纷纷给出预测。民生证券分析指出，《稳定币条例》生效后，蚂蚁集 团、京东等科技巨头凭借深厚的区块链技术积累和丰富的应用场景，有望首批获香港金管局批准，进而 搭建稳定币及 RWA 相关产业链。国金证券也在其稳定币报告中推测，参与香港稳定币沙盒测试的公司 以及像蚂蚁这样具备场景的企业，大概率会成为首批牌照的获得者。 【大势展望】 投资者等 ...

Group 1 - Heartway Medical-B (06609.HK) expects a net profit of no less than RMB 40 million for the six months ending June 30, 2025, a significant turnaround from a net loss of approximately RMB 5.1 million for the corresponding period ending June 30, 2024 [1] - The anticipated profit and performance improvement are primarily due to business growth, leading to increased revenue and a decrease in overall expenditure ratio compared to the corresponding period [1] Group 2 - Baoshan International (03813.HK) expects a mid-term net profit of approximately RMB 187.6 million, a year-on-year decrease of 44.1% [2] - Baio Family Interaction (02100.HK) anticipates a mid-term profit increase of approximately 134.9% to 141.6% [2] - Skyworth Group (00751.HK) warns of an expected mid-term post-tax profit decline of about 50% year-on-year [2] Group 3 - China CNR Corporation (01766.HK) recently signed a significant contract worth approximately RMB 32.92 billion [2] - China Power (02380.HK) reported a total electricity sales volume of 11.299 million megawatt-hours in June, a year-on-year decrease of 5.04% [2]

Core Viewpoint - 瑞和数智 (03680) has entered into a cooperation framework agreement with an independent third-party institution for the joint development of a virtual cryptocurrency trading platform, aligning with the national digital economy strategy and aiming to enhance the trading systems of Hong Kong securities firms [1] Group 1 - The third-party institution is a leading company in the fintech solutions industry, having served over 50 securities firms and other financial institutions [1] - The agreement emphasizes the importance of upgrading virtual asset trading systems to meet market demands and regulatory standards, leveraging the strengths of both parties [1] - The company will hold the copyrights for jointly developed patents, while the third-party institution will have permanent usage rights for these patents [1] Group 2 - The board believes that this strategic cooperation aligns with the company's diversification strategy into the virtual asset trading industry, enabling it to seize opportunities in the rapidly growing digital economy [1] - The collaboration is expected to accelerate the company's adaptation to market trends and regulatory changes, thus capturing new business opportunities [1] - The board considers the strategic cooperation plan to be fair, reasonable, and in the overall interest of the company and its shareholders [1]

根据框架协议，双方应积极支持国家数字经济战略，推动香港证券公司及相关机构虚拟资产交易系统升 级发展。在本次合作中：该集团将发挥香港上市公司平台作用，与人工智能、大数据和数字转型方面的 技术经验优势;该第三方机构将贡献券商虚拟资产交易系统升级的研发能力。 根据框架协议，该集团为共同开发专利的版权持有者，该第三方机构享有该专利永久使用权。 董事会认为，该战略合作计划与集团向虚拟资产交易行业多元化发展的战略高度契合，将助力集团接入 更符合市场需求和监管标准的下一代系统。随着香港数字经济与虚拟资产产业的快速发展，此次合作使 集团能够把握数字经济高速增长的机遇，加速适应市场趋势与监管变革，从而抢占新商机。董事会认 为，关于虚拟资产交易平台的战略合作方案既公平合理，又符合公司及全体股东的整体利益。 智通财经APP讯，瑞和数智(03680)公布，该集团已于 2025年 7月29日与一家独立第三方机构达成关于虚 拟加密资产交易平台联合开发的合作框架协议。 据悉，该第三方机构，与任何关联方无直接关系，是金融科技解决方案行业的领军企业之一，专注于为 专业机构提供行情、交易、风控及结算等模块的系统开发。服务过累计超过50多家证券公 ...