Core Viewpoint - Jieli Trading Treasure (8017.HK) reported significant growth in its interim results for the six months ending September 30, 2025, achieving a revenue of HKD 81.06 million, a year-on-year increase of 110%, and a net profit of HKD 35.66 million, soaring 596% year-on-year, indicating strong growth momentum and financial quality [1][2]. Financial Performance - The company’s revenue sources include front-end trading system services, market data services, SaaS services, and licensed financial services. The SaaS business generated HKD 20.41 million, up 52% year-on-year, while licensed financial services contributed HKD 44.91 million, accounting for 55% of total revenue [2]. - Direct costs increased by 53.7% to HKD 10.26 million, significantly lower than the revenue growth rate of 110.4%. R&D expenses rose by 7% to HKD 6.68 million, focusing on AI trading systems and platform upgrades [7]. - The company’s total assets reached HKD 388.5 million, a 104% increase year-on-year, while net assets grew by 152% to HKD 341.7 million. Cash and cash equivalents amounted to HKD 222.8 million, up 111% [7]. Market Environment - The Hong Kong stock market has shown high activity, with an average daily turnover of HKD 256.4 billion, a 126% increase year-on-year. The IPO market raised over HKD 210 billion, leading globally, while refinancing exceeded HKD 290 billion [8]. - Jieli Trading Treasure is positioned to capitalize on this favorable market environment, with significant breakthroughs in business innovation and strategic transformation [8]. Strategic Developments - The company launched the "Deep Trade AI Agent" trading system in the first half of 2025, enhancing platform functionality and promoting synergy between fintech and licensed operations [8]. - Plans to upgrade to a Type 1 license for virtual asset trading services have been submitted to the Hong Kong Securities and Futures Commission [8]. - The company aims to submit an application to transition from GEM to the main board in the first half of 2026 to enhance liquidity, valuation, and brand image [8][9]. Shareholder Structure - The total number of shares increased from 600 million to 680 million, with institutional investor ownership rising from 35.3% to 37.1%. The number of shareholders grew from 838 to 2,172, indicating a more diversified and international shareholder base [9]. - The company’s stock price has surged over six times this year, and its current dynamic P/E ratio is below 11 times, making it attractive compared to peers [9][10].
捷利交易宝(8017.HK)2025中期净利激增近6倍，稳步推进GEM转主板