Group 1: Industry Overview - The global payment sector is experiencing significant positive changes with the signing of the US GENIUS Act and the implementation of Hong Kong's Stablecoin Regulation, marking a crucial step towards compliance for stablecoins [1] - The compliance wave for stablecoins is expected to drive a rapid transformation in the global payment market, creating new opportunities for payment infrastructure [1][5] - The industry anticipates that stablecoins will first explode in the payment sector due to the traditional financial system's potential for efficiency improvements and the relative flexibility of policy and compliance [8] Group 2: Company Performance - In the first half of 2025, the company reported revenues of HKD 2.716 billion, with a gross profit of HKD 1.273 billion, resulting in a gross margin of 46.9% and a net profit of HKD 391 million [2] - The company's revenue structure shows that HKD 2.544 billion came from electronic payment terminal sales, while HKD 172 million was generated from services [3] - The company achieved a revenue of HKD 1.084 billion from the EMEA region, despite some sales slowdown in Europe, with notable performance in Italy, the UK, and France [3] Group 3: Strategic Initiatives - The company is actively adapting its resource allocation to focus on high-potential markets, demonstrating resilience in a challenging market environment [1][2] - The company is leveraging its extensive global sales network and SaaS ecosystem to capitalize on the rapid development of stablecoins, aiming to replicate successful methodologies in this new payment area [8] - The company is also enhancing its product line and strengthening its SaaS ecosystem, with plans to integrate artificial intelligence to improve smart support and data application capabilities [8]
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