8月22日，海川证券(MTC)盘中上涨3.33%，截至01:24，报0.955美元/股，成交6752.0美元，总市值 2404.84万美元。 资料显示，海川证券公司是一家境外注册成立的离岸控股母公司,由境内子公司运营。海川证券是中国 大陆首家在美上市证券金融机构。海川依靠专业团队,具备本地化、专业化、跨语言、跨市场的金融服 务能力。海川主要业务囊括资产管理、机构经纪、投资银行,投资顾问等,为客户提供一站式、全方位的 金融服务。 本文源自：金融界 作者：行情君 财务数据显示，截至2024年12月31日，海川证券收入总额186.83万美元，同比增长114.77%；归母净利 润-9116.83万美元，同比减少300.36%。 ...

作者：行情君 8月16日，海川证券(MTC)盘中上涨11.71%，截至00:05，报1.04美元/股，成交4.02万美元，总市值 2619.43万美元。 本文源自：金融界 财务数据显示，截至2024年12月31日，海川证券收入总额186.83万美元，同比增长114.77%；归母净利 润-9116.83万美元，同比减少300.36%。 资料显示，海川证券公司是一家境外注册成立的离岸控股母公司,由境内子公司运营。海川证券是中国 大陆首家在美上市证券金融机构。海川依靠专业团队,具备本地化、专业化、跨语言、跨市场的金融服 务能力。海川主要业务囊括资产管理、机构经纪、投资银行,投资顾问等,为客户提供一站式、全方位的 金融服务。 ...

本文源自：金融界 作者：行情君 8月15日，海川证券(MTC)盘中上涨4.66%，截至21:46，报0.974美元/股，成交2907.0美元，总市值 2454.21万美元。 财务数据显示，截至2024年12月31日，海川证券收入总额186.83万美元，同比增长114.77%；归母净利 润-9116.83万美元，同比减少300.36%。 资料显示，海川证券公司是一家境外注册成立的离岸控股母公司,由境内子公司运营。海川证券是中国 大陆首家在美上市证券金融机构。海川依靠专业团队,具备本地化、专业化、跨语言、跨市场的金融服 务能力。海川主要业务囊括资产管理、机构经纪、投资银行,投资顾问等,为客户提供一站式、全方位的 金融服务。 ...

Core Viewpoint - Haichuan Securities (MTC) has shown a significant increase in revenue but a substantial loss in net profit, indicating potential challenges in profitability despite growth in income [1] Financial Performance - As of December 31, 2024, Haichuan Securities reported total revenue of $1.8683 million, representing a year-on-year increase of 114.77% [1] - The company recorded a net loss attributable to shareholders of $91.1683 million, which is a year-on-year decrease of 300.36% [1] Company Overview - Haichuan Securities is an offshore holding company registered outside of China, operating through domestic subsidiaries [1] - It is the first securities financial institution from mainland China to be listed in the United States [1] - The company offers a comprehensive range of financial services, including asset management, institutional brokerage, investment banking, and investment advisory, supported by a professional team with localized and cross-market capabilities [1]

Core Viewpoint - Haichuan Securities (MTC) has shown a significant increase in revenue but has reported a substantial net loss, indicating potential challenges in profitability despite growth in income [1]. Financial Performance - As of December 31, 2024, Haichuan Securities reported total revenue of $1.8683 million, representing a year-on-year growth of 114.77% [1]. - The company recorded a net loss attributable to shareholders of $91.1683 million, which is a decrease of 300.36% compared to the previous year [1]. Company Overview - Haichuan Securities is an offshore holding company registered abroad, operating through domestic subsidiaries [1]. - It is the first securities financial institution from mainland China to be listed in the United States [1]. - The company offers a comprehensive range of financial services, including asset management, institutional brokerage, investment banking, and investment advisory, supported by a professional team with localized and cross-market capabilities [1].

Core Viewpoint - The company has changed its Nominated Adviser and Broker from Numis Securities Limited to Deutsche Bank AG, London Branch, effective immediately due to the acquisition of Numis Securities Limited's parent company by Deutsche Bank AG on 23 October 2023 [2]. Group 1 - The change in Nominated Adviser and Broker is a direct result of Deutsche Bank AG's acquisition of Numis Securities Limited's parent company [2]. - The transition to Deutsche Bank AG is part of the ongoing integration process following the acquisition [2].

Core Viewpoint - Mothercare plc is experiencing significant challenges due to ongoing uncertainties in the Middle East, impacting its franchise partners and overall financial performance, with a notable decline in retail sales and adjusted EBITDA for FY25 compared to the previous year [2][4][12]. Financial Performance - Adjusted EBITDA for FY25 is expected to be approximately £3.5 million, a decrease from £6.9 million for the period to March 2024, primarily due to the impact of Middle Eastern market conditions [4][12]. - Unaudited net worldwide retail sales by franchise partners were £231 million, down from £281 million in the previous financial year, reflecting an 18% decline [5][12]. - The decline in sales is largely attributed to the Middle East and the UK, where the company is ending its exclusive distribution relationship with Boots at the end of 2025 [5][12]. Market Conditions - The underlying strength of the business is indicated by positive like-for-like retail sales outside the UK, despite global economic uncertainties [6]. - Many franchise partners are still clearing inventory due to suppressed demand during Covid-19, which is expected to continue affecting results into FY26 [7]. Pension and Financing - Annual contributions for the Staff Scheme for the year to March 2026 are set at £3 million, with the first six months' payments deferred to support cash flows while exploring growth opportunities [8]. - At year-end, the company had total cash of £4.4 million, down from £5.0 million in March 2024, and net borrowings reduced to £3.7 million from £14.7 million [10][12]. Strategic Outlook - The company is focused on supporting franchise partners and exploring growth opportunities through partnerships and product development [13][14]. - Discussions with potential strategic partners are ongoing, indicating interest in the brand despite current market challenges [14].

Revenue and Profitability - Total net revenues for the year ended December 31, 2024, were $1,868,333, a significant increase from $869,935 in 2023, primarily driven by placement agent services revenue of $1,860,000[243]. - Gross profit for the year ended December 31, 2024, was $1,525,250, representing a gross margin of 81.6%, compared to a gross profit of $696,987 and a gross margin of 80.1% in 2023[247]. - The company experienced a significant increase in placement agent services revenue due to the acquisition of MMBD Trading, which operates as a securities broker-dealer[243]. - The company’s revenue from consulting services was nil in 2024, down from $800,000 in 2023, reflecting a shift in business focus[243]. Expenses and Losses - Selling and marketing expenses decreased by $185,343 or 20.6% to $715,976 for the year ended December 31, 2024, compared to $901,319 in 2023[249]. - Payroll and related benefits totaled $2,082,886 for the year ended December 31, 2024, a decrease of $429,895 or 17.1% from $2,512,781 in 2023[251]. - Professional fees for the year ended December 31, 2024, were $705,199, a decrease of $326,075 or 31.6% from $1,031,274 in 2023, primarily due to reduced audit and legal fees[253]. - For the year ended December 31, 2024, the loss from operations was $3,060,432, a decrease of $1,779,905, or 36.8% compared to $4,840,337 in 2023[255]. - The net loss from continuing operations for the year ended December 31, 2024, was $91,168,280, an increase of $83,319,900, or 1,061.6% compared to $7,848,380 in 2023[260]. - Other expenses, net, totaled $88,083,323 for the year ended December 31, 2024, a significant increase of $85,075,280 compared to $3,008,043 in 2023[257]. - The company reported a comprehensive loss of $91,098,670 for the year ended December 31, 2024, compared to a comprehensive income of $45,372,059 in 2023[266]. Assets and Liabilities - As of December 31, 2024, total current assets were $3,020,546, a slight decrease of $2,991, or 0.1%, from $3,023,537 in 2023[274]. - Total current liabilities increased by $1,870,344, or 34.3%, to $7,320,692 as of December 31, 2024, from $5,450,348 in 2023[274]. - The working capital deficiency increased by $1,873,335 to $4,300,146 as of December 31, 2024, from $2,426,811 in 2023, representing a 77.2% increase[274]. - The company had a cash balance of approximately $2,870,000 as of December 31, 2024, compared to $1,760,000 in 2023[269]. Cash Flow and Financing Activities - Net cash provided by operating activities for the year ended December 31, 2024 was $722,853, a significant recovery from net cash used of $5,151,508 in 2023 and $5,590,567 in 2022[277][279]. - The company reported a net cash flow from investing activities of $629,540 for 2024, compared to net cash used of $86,538,549 in 2023 and $3,544,105 in 2022[280]. - Financing activities resulted in a net cash outflow of $241,750 in 2024, contrasting with inflows of $89,666,750 in 2023 and $1,750,140 in 2022[281]. - The company experienced a net increase in cash and cash equivalents of $1,109,455 in 2024, following a decrease of $2,050,411 in 2023 and $7,380,743 in 2022[277]. - The company made payments for purchases of property and equipment of approximately $5,000 in 2024, compared to $1,000 in 2023 and $4,000 in 2022[280]. Capital Raising and Investments - The company raised approximately $15,910,000 from a registered direct offering in February 2021, with net proceeds of $14,637,200 allocated for working capital and general corporate purposes[285]. - A total of $40,000,000 in unsecured senior convertible promissory notes was issued in February 2023, with an original issue discount of 20% resulting in a purchase price of $32,000,000[292]. - The company entered into a common stock purchase agreement allowing for the sale of up to $6.0 million in shares, with $1,256,640 raised by December 31, 2022[288]. - The company’s shelf registration statement for up to $300,000,000 in securities was declared effective by the SEC on August 24, 2022[289]. - The Company acquired an 85% ownership stake in Alpha Mind for a total purchase price of $99,650,000, with $91,650,000 paid in cash and $7,000,000 in a convertible promissory note[296]. Shareholder Information - As of December 31, 2024, the Company had 25,186,864 ordinary shares issued and outstanding[298]. Research and Development - Research and development expenses for the years ended December 31 were $73,285 in 2024, $363,958 in 2023, and $828,869 in 2022, indicating a significant decrease in R&D spending[300]. Currency and Risk Exposure - The RMB appreciated by 1.7% in fiscal year 2023 and by 3.21% in fiscal year 2024, which may impact the Company's financial results reported in U.S. dollar terms[415]. - The Company does not anticipate being exposed to material risks due to changes in interest rates, as it had no short-term borrowings as of December 31, 2024[404]. - The Company is not exposed to commodity price risk[417].

Group 1 - Mothercare plc has appointed RPG Crouch Chapman LLP (RPGCC) as its new auditor, replacing Gravita Audit Limited (Gravita) effective immediately [1] - RPGCC will conduct the audit for the financial year ending 29 March 2025, pending shareholder approval at the next Annual General Meeting [1] - Gravita has confirmed that there are no matters related to its cessation of office that need to be disclosed to the members or creditors of the Company [2]

Core Viewpoint - MMTEC, Inc. plans to implement a 1-for-8 reverse stock split on its common stock, effective December 18, 2024, pending Nasdaq Operations notice requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 8 shares of the Company's issued and outstanding common stock into one share, with no fractional shares issued; any resulting fractional shares will be rounded up to the next whole number [3]. - The Company's Board of Directors approved the reverse stock split on November 21, 2024, and no stockholder approval is required under British Virgin Islands law [4]. Group 2: Changes in Share Structure - In conjunction with the reverse stock split, the Company will reduce the authorized number of shares from 5,000,000,000 to 625,000,000 shares, maintaining the same ratio as the reduction in issued and outstanding shares, and increase the par value per share from $0.01 to $0.08 [4]. Group 3: Company Overview - MMTEC, Inc. is headquartered in Hong Kong and primarily focuses on investment banking and asset management, providing comprehensive financial services to its customers [5].