*ST仁东2025年一季度净资产转正 积极拓展跨境业务

Core Viewpoint - *ST Rendo has successfully completed its restructuring process, leading to significant improvements in its financial status and paving the way for future growth opportunities in the third-party payment sector [2][4]. Financial Performance - In 2024, *ST Rendo achieved a revenue of 1.159 billion yuan, with a first-quarter revenue of 202.0 million yuan in 2025 [1]. - The company's net assets turned positive in the first quarter of 2025, reaching approximately 878 million yuan [1][3]. - The restructuring process has significantly improved the company's financial condition, alleviating historical debt pressures and optimizing its asset-liability structure [2]. Restructuring and Strategic Partnerships - The restructuring process was completed efficiently within a year, receiving recognition from the market [2]. - Strategic investors, including CITIC Capital and Guangzhou Asset Management, were introduced during the restructuring, providing resource synergies for the company's payment business [2][4]. - The completion of the restructuring allows *ST Rendo to focus on its core payment business and enhance its operational management [1][4]. Business Focus and Future Outlook - *ST Rendo plans to concentrate on its third-party payment business, leveraging its subsidiary, Guangzhou Helibao Payment Technology Co., which holds a central bank payment license [4]. - The company aims to increase its registered capital in Helibao by 200 million yuan to enhance competitiveness and meet payment license renewal requirements [4]. - The global cross-border payment market is projected to reach 250 trillion yuan, with China's market size at 9.4 trillion yuan, indicating significant growth potential for *ST Rendo's business [4][5]. Operational Strategy - The company intends to optimize its asset structure, reduce operational costs, and explore acquisitions in the digital economy sector to implement a diversified business strategy [4][6]. - *ST Rendo will actively participate in the digital economy, focusing on building digital infrastructure and enhancing its long-term development capabilities [6].