华兴资本今年上半年全面实现扭亏为盈：三大板块协同发展，深化2.0战略布局

Core Viewpoint - Huaxing Capital has demonstrated strong performance growth in the first half of 2025, achieving total revenue and net investment income of approximately 460 million RMB, a year-on-year increase of 27%, and successfully turning a profit with a net profit of about 65 million RMB [1] Group 1: Business Performance - The investment banking business of Huaxing Capital generated nearly 70 million RMB in revenue, with transaction volume increasing by 74.6% year-on-year, despite a challenging private equity investment market [3] - The investment management business achieved revenue and net investment income of approximately 240 million RMB, a year-on-year growth of 81%, with operating profit reaching nearly 140 million RMB, a significant increase of 252% [4] - The securities segment reported revenue and net investment income of about 130 million RMB, a year-on-year increase of 25%, with retail brokerage business revenue growing by 110% compared to the previous year [4] Group 2: Strategic Initiatives - Huaxing Capital has initiated the "Huaxing 2.0" strategy, focusing on capturing market opportunities in the digital asset sector, with a dedicated budget of 100 million USD approved for this purpose [7] - The company has successfully positioned itself in the Web3 ecosystem, becoming the sole Asian underwriter for the C1 Fund, a closed-end fund focused on Web3 primary market investments, which successfully listed on the New York Stock Exchange [7][8] - A strategic partnership with YZiLabs has been established to enhance capabilities in digital asset allocation and compliance financial product development, further expanding Huaxing's business boundaries in the Web3 ecosystem [8] Group 3: Market Position and Future Outlook - Huaxing Capital is effectively leveraging its three main business segments—investment management, investment banking, and securities—to achieve high-quality growth, showcasing strong asset liquidity and financial stability with nearly 4.5 billion RMB in cash and high-liquid assets [5] - The company aims to bridge the gap between Web2 and Web3, establishing a comprehensive service capability from investment to asset management, positioning itself as a core hub in the evolving digital economy [8]