Core Viewpoint - Boyaa Interactive (00434) reported a revenue of HKD 351 million for the nine months ending September 30, 2025, reflecting a year-on-year increase of 0.3% and a profit attributable to shareholders of HKD 487 million, which represents a significant year-on-year increase of 108.3% [1] Financial Performance - The company achieved a revenue of HKD 351 million for the first three quarters of 2025, showing a slight increase of 0.3% compared to the previous year [1] - Profit attributable to shareholders reached HKD 487 million, marking a substantial increase of 108.3% year-on-year [1] Digital Asset Holdings - As of September 30, 2025, the company held approximately 4,091 Bitcoins with an average cost of USD 68,114 per Bitcoin [1] - The company also held around 300 Ether, with an average cost of USD 1,661 per Ether, primarily for Web3 game development [1] Digital Asset Gains - The company reported a cumulative fair value gain from digital assets of approximately HKD 1.42 billion [1] - For the first three quarters of 2025, the fair value gain from digital assets was about HKD 430 million [1] - Additionally, the company recorded a digital asset appreciation gain of approximately HKD 19.8 million during the same period [1]

Group 1 - The company reported revenue of approximately HKD 350 million for the nine months ending September 30, 2025, remaining stable compared to the same period in 2024 [1] - The adjusted net profit for the same period was approximately HKD 500 million, a year-on-year increase of about 111.3% from approximately HKD 240 million in 2024, primarily due to an increase in the fair value growth of digital assets [1] - Excluding one-time factors such as fair value changes of financial assets, the adjusted net profit decreased by approximately 22.9% year-on-year, attributed to reduced bank deposit interest income and increased tax expenses [1] Group 2 - The company sold its online gaming operations in mainland China as of June 30, 2025, resulting in a decline in operational data, although traditional gaming revenue showed an increase [2] - The number of paying players decreased by 55.7% from approximately 220,000 in Q2 2025 to about 100,000 in Q3 2025, while daily active users fell by 40.8% to approximately 730,000 [2] - As of September 30, 2025, the company held approximately 4,091 bitcoins at an average cost of USD 68,114 per bitcoin and about 300 ethers at an average cost of USD 1,661 per ether, primarily for Web3 game development [2]

Group 1 - The company reported revenue of approximately HKD 350 million for the nine months ending September 30, 2025, remaining stable compared to the same period in 2024 [1] - The adjusted net profit for the same period was approximately HKD 500 million, a year-on-year increase of about 111.3% from approximately HKD 240 million in 2024, primarily due to an increase in the fair value growth of digital assets [1] - Excluding one-time factors such as fair value changes of financial assets, the adjusted net profit decreased by approximately 22.9% year-on-year, attributed to reduced bank deposit interest income and increased tax expenses [1] Group 2 - The company sold its online gaming operations in mainland China as of June 30, 2025, resulting in a decline in operational data, although traditional gaming revenue showed an increase [2] - The number of paying players decreased by 55.7% from approximately 220,000 in Q2 2025 to about 100,000 in Q3 2025, while daily active users fell by 40.8% to approximately 730,000 [2] - As of September 30, 2025, the company held approximately 4,091 bitcoins at an average cost of USD 68,114 per bitcoin and about 300 ethers at an average cost of USD 1,661 per ether, primarily for Web3 game development [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Boyaa Interactive International Limited 博雅互動國際有限公司 （於開曼群島註冊成立的有限公司） （股份代號：0434） 截至二零二五年九月三十日 止三個月及九個月的 第三季度業績公告 博 雅 互 動 國 際 有 限 公 司（「本公司」或「我 們」或「我們的」）董 事 會（「董事會」）欣 然 公 佈 本 公 司 及 其 附 屬 公 司（「本集團」或「我 們」或「我們的」）截 至 二 零 二 五 年 九 月 三 十 日 止 三 個 月 及 九 個 月（「報告期間」）的 未 經 審 計 綜 合 業 績（「第三季度業績」）。第 三 季度業績已經由本公司的核數師中匯安達會計師事務所有限公司根據香港會計 師公會頒佈的香港審閱準則第2410號「由 實 體 的 獨 立 核 數 師 審 閱 中 期 財 務 資 料」審 閱，並 經 本 公 司 審 核 委 員 會 審 閱。本 公 告 ...

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling 1.85% to 26,572.46 points, and the Hang Seng Technology Index dropping 2.82% to 5,812.8 points, amid a sell-off in US tech stocks and hawkish comments from multiple Federal Reserve officials [1] - The overall trading volume for the day was 232.79 billion HKD, with the Hang Seng Index showing a weekly increase of 1.26% [1] Blue-Chip Stocks Performance - JD Health (06618) led the blue-chip stocks with a 6.59% increase, closing at 68.75 HKD, contributing 7.49 points to the Hang Seng Index [2] - JD Health reported Q3 revenue of 17.12 billion RMB, a year-on-year increase of 28.7%, and operating profit of 1.243 billion RMB, up 125.3% [2] - Alibaba (09988) saw a decline of 4.38%, closing at 154.9 HKD, negatively impacting the Hang Seng Index by 107.48 points [2] Sector Performance - Major tech stocks faced pressure, with Alibaba down over 4% and Tencent down over 2% [3] - The cryptocurrency market also suffered, with Bitcoin dropping below 100,000 USD, and related stocks declining [3] - The healthcare sector saw a surge, with several stocks rising over 10%, while hydrogen energy stocks experienced significant gains, with Reshape Energy rising over 70% [3][4] Cryptocurrency Market - Bitcoin fell below 97,000 USD, with a 24-hour decline exceeding 6%, while Ethereum dropped nearly 10% [5] - The correlation between Bitcoin and the Nasdaq index remains high at 0.8, indicating a strong relationship with market sentiment [5] Pharmaceutical Sector Insights - The pharmaceutical industry is expected to see stable growth driven by innovation and supportive policies, with a focus on clinical value and market pricing [6] - Notable pharmaceutical stocks like 旺山旺水-B (02630) and 歌礼制药-B (01672) saw significant increases, with gains of 23.89% and 15.46% respectively [5][6] Hydrogen Energy Sector Developments - The National Energy Administration encourages the use of green hydrogen in coal chemical projects, with plans to promote hydrogen vehicles and establish hydrogen refueling stations [7] - The hydrogen energy sector is anticipated to benefit from supportive policies and market expansion, with companies like Reshape Energy seeing substantial stock price increases [7] Notable Stock Movements - 中集集团 (02039) surged 14.17% to 8.3 HKD, driven by its competitive edge in the energy storage sector [8] - 派格生物医药-B (02565) reached a new high, increasing 12.15% to 63.25 HKD following the approval of its new drug application [9] - 基石药业-B (02616) rose 10.75% to 6.08 HKD, supported by a significant share increase from the Government of Singapore Investment Corporation [10] - 伟易达 (00303) fell 12.11% to 58.8 HKD after reporting a revenue decline of 9.05% for the half-year period [11]

Market Overview - The Hong Kong stock market saw a collective decline in Bitcoin-related stocks, with notable drops including Boyaa Interactive and Yueneng Holdings falling over 6% [1] - Bitcoin's price fell below $97,000 per coin, marking a new low since May 8 [1] Company Performance - Boyaa Interactive (Code: 00434) experienced a decline of 6.99%, with a latest price of 4.390 and a market capitalization of 3.385 billion [2] - Yueneng Holdings (Code: 00442) dropped by 6.03%, with a latest price of 1.090 and a market capitalization of 0.188 billion [2] - OSL Group (Code: 00863) fell by 5.88%, with a latest price of 16.000 and a market capitalization of 12.714 billion [2] - New Fire Technology Holdings (Code: 01611) decreased by 3.80%, latest price at 3.800 and a market capitalization of 2.859 billion [2] - Mistrategy (Code: 02440) saw a decline of 3.27%, with a latest price of 2.070 and a market capitalization of 0.762 billion [2] - Yunfeng Financial (Code: 00376) dropped by 3.03%, latest price at 3.840 and a market capitalization of 15.588 billion [2] - Guofu Quantum (Code: 00290) decreased by 3.02%, with a latest price of 1.930 and a market capitalization of 1.756 billion [2] - OK Blockchain (Code: 01499) fell by 2.80%, latest price at 0.243 and a market capitalization of 1.305 billion [2] - Blueport Interactive (Code: 08267) saw a decline of 2.25%, with a latest price of 0.435 and a market capitalization of 0.016 billion [2]

Market Overview - The Hang Seng Index fell by 1.26%, down 340 points, closing at 26,732 points, while the Hang Seng Tech Index dropped by 2.20% [1] - Early trading volume in the Hong Kong stock market reached HKD 125 billion [1] Hydrogen Energy Sector - The hydrogen energy sector experienced significant gains following the National Energy Administration's encouragement of green hydrogen utilization in coal chemical projects [1] - Reshaping Energy (02570) surged over 55% [1] - Guofu Hydrogen Energy (02582) rose over 11% [1] - Guohong Hydrogen Energy (09663) increased by over 5% [1] - Yihua Tong (02402) saw a rise of 6.8% [1] Pharmaceutical Sector - Basestone Pharmaceuticals-B (02616) increased by over 14% as GIC continued to increase its stake, surpassing 7% ownership [1] - Gilead Sciences (01672) rose over 14%, marking five consecutive days of gains, as it develops ASC36 into a monthly therapy [1] - Laika Pharmaceuticals-B (02105) gained 11.96% after securing a significant BD order worth CNY 2.045 billion for a breast cancer target [1] - Yu Yuan Group (00551) rose over 4% due to an increase in shoe prices and potential market share expansion through overseas capacity growth [1] - JS Global Life (01691) increased by 3.5% as a new product from Joyoung became popular, leading to a two-day stock limit increase for Joyoung Co., Ltd. (002242.SZ) [1] - JD Health (06618) rose by 6.8% post-earnings, with a year-on-year operating profit increase of over 125% and strategic partnerships with several well-known pharmaceutical companies [1] Technology Sector - The Hang Seng Tech Index followed the Nasdaq's decline, dropping over 2% [1] - Alibaba fell by 3.46% [1] - Tencent dropped by 0.91% post-earnings [1] Cryptocurrency Sector - Cryptocurrency-related stocks declined, with Boya Interactive (00434) falling over 5% as Bitcoin dropped below the USD 100,000 mark [2]

Core Viewpoint - The Hong Kong stock market experienced a decline, with the Hang Seng Index dropping 1.26% to 26,732 points, and the Hang Seng Tech Index falling 2.20% [1] Sector Performance - The hydrogen energy sector saw significant gains, driven by the National Energy Administration's encouragement of green hydrogen utilization in coal chemical projects. Notable stock performances include: - Reshaping Energy (02570) surged over 55% - Guofu Hydrogen Energy (02582) rose over 11% - Guohong Hydrogen Energy (09663) increased over 5% - Yihuatong (02402) climbed 6.8% [1] Company Highlights - 基石药业-B (02616) increased over 14% as GIC continued to increase its stake, surpassing 7% ownership [1] - 歌礼制药 (01672) rose over 14%, marking five consecutive days of gains, as it develops ASC36 into a monthly therapy [1] - 来凯医药-B (02105) gained 11.96%, securing a significant BD deal worth 2.045 billion yuan in breast cancer treatment [1] - 裕元集团 (00551) saw an increase of over 4%, with third-quarter shoe prices rising and overseas capacity expansion expected to enhance market share [1] - JS环球生活 (01691) rose 3.5%, driven by the popularity of its new soybean milk product [1] - 京东健康 (06618) increased 6.8% post-earnings, with a year-on-year operating profit growth of over 125% and strategic partnerships with several well-known pharmaceutical companies [1] Market Trends - The Hang Seng Tech Index followed the Nasdaq's decline, with major players like Alibaba dropping 3.46% and Tencent falling 0.91% post-earnings [1] - Cryptocurrency-related stocks declined, with 博雅互动 (00434) falling over 5% as Bitcoin dropped below the $100,000 mark [1]

Core Viewpoint - Cryptocurrency-related stocks experienced a decline on November 14, with notable drops in several companies' share prices [1] Group 1: Company Performance - Boyaa Interactive (00434.HK) fell by 5.51%, trading at 4.46 HKD [1] - MStrategy (02440.HK) decreased by 3.74%, with a share price of 2.06 HKD [1] - OSL Group (00863.HK) saw a decline of 3.65%, priced at 16.38 HKD [1] - OKLink (01499.HK) dropped by 2.4%, trading at 0.244 HKD [1]

Group 1 - Cryptocurrency concept stocks declined, with Boyaa Interactive (00434) down 5.51% to HKD 4.46, Mind Strategies (02440) down 3.74% to HKD 2.06, OSL Group (00863) down 3.65% to HKD 16.38, and OK Blockchain (01499) down 2.4% to HKD 0.244 [1] - The cryptocurrency market faced significant losses, with Bitcoin falling below the USD 100,000 mark and Ethereum dropping below USD 3,200, experiencing a 24-hour decline of over 7% [1] - Analysts suggest that the recent sell-off was catalyzed by cautious remarks from several Federal Reserve officials, indicating that interest rate cuts should be approached with caution [1] Group 2 - According to CME data, the probability of interest rate cuts in the futures market has sharply decreased from over 70% a week ago to around 50% [1] - Federal Reserve official Kashkari expressed opposition to the last rate cut decision but has not yet determined the action for the December policy meeting [1] - Federal Reserve official Musalem indicated that due to inflation remaining above the Fed's 2% target, decision-makers should exercise caution regarding further rate cuts [1]