Core Viewpoint - Huaxing Capital Holdings (01911) has experienced a significant stock price increase, rising over 9% to reach a new high of 7.38 HKD since March 2023, with a year-to-date increase of 150% [1] Financial Performance - The company anticipates a profit attributable to shareholders of approximately 64.98 million RMB for the six months ending June 30, 2025, marking a turnaround from previous losses [1] - The substantial increase in operating profit from the investment management segment has been a key driver of the company's financial performance [1] - Losses at Huaxing Securities Limited have significantly decreased, and the company has achieved notable results in reducing operating costs [1] Strategic Initiatives - In June 2023, the board approved a budget of 100 million USD to expand into the Web 3.0 and cryptocurrency asset sectors over the next two years [1] - The company plans to enhance its investments in stablecoins, Real World Assets (RWA), and the entire cryptocurrency ecosystem, while actively pursuing the application and upgrade of relevant business licenses [1] - Huaxing Capital has successfully invested in Circle Internet Group and provided listing and financing services for numerous leading cryptocurrency firms [1]

Group 1 - The report highlights the resilience at the bottom of the cycle, with the successful advancement of the Alashan Phase II project for Boyuan Chemical [4][7] - In H1 2025, the company achieved revenue of 5.92 billion yuan, a year-on-year decrease of 16%, and a net profit of 740 million yuan, down 39% year-on-year [4][5] - The core product prices and gross margins for soda ash declined, but the increase in production and sales volume helped mitigate the impact of price drops [5][6] Group 2 - The company has successfully acquired multiple electronic gas projects, enhancing its position in the electronic gas market [9][10] - In H1 2025, the company reported revenue of 1.114 billion yuan, a year-on-year increase of 14.56%, while net profit decreased by 13.44% [9][10] - The gross margin for H1 2025 was 26.37%, down 3.69 percentage points year-on-year, but operating cash flow increased significantly by 84.34% [10] Group 3 - 361 Degrees reported H1 2025 revenue of 5.7 billion yuan, an increase of 11% year-on-year, with a net profit of 860 million yuan, also up 8.6% [12][13] - The e-commerce segment saw significant growth, with revenue reaching 1.82 billion yuan, a 45% increase year-on-year [13][14] - The company opened 49 new stores, enhancing its retail presence and brand image [15] Group 4 - Tencent Holdings reported Q2 2025 revenue of 184.5 billion yuan, a year-on-year increase of 15%, with a net profit of 55.6 billion yuan, up 17% [17][18] - The gaming segment experienced a robust 22% year-on-year growth, with significant contributions from both domestic and international markets [18][19] - The marketing services business grew by 20% year-on-year, driven by strong demand for advertising within the WeChat ecosystem [19] Group 5 - The report indicates that the chromium salt industry is experiencing significant growth, with Zhihua Co. achieving H1 2025 revenue of 2.19 billion yuan, a 10.2% increase year-on-year [29][30] - The company’s gross margin improved to 28.81%, up 3.16 percentage points year-on-year, reflecting effective cost management [29][30] - The effective release of production capacity contributed to a notable increase in sales volume, particularly in chromium oxide and alloy additives [32][33] Group 6 - Yonghe Co. reported H1 2025 revenue of 2.445 billion yuan, a 12.39% increase year-on-year, with a net profit of 271 million yuan, up 140.82% [35][36] - The refrigerant segment benefited from favorable supply-demand dynamics, leading to a 26.02% increase in revenue [37] - The company is actively pursuing the development of fourth-generation refrigerants and high-end fluorinated fine chemicals [39] Group 7 - The coal industry showed signs of improvement, with July 2025 coal production at 380 million tons, a year-on-year decrease of 3.8% [40][41] - The report notes that the overall coal production growth rate has slowed due to adverse weather conditions and regulatory checks [42] - The performance of major coal companies varied, with some showing production increases while others faced declines [42]

one of the big VC winners of this cycle, @IndexVentures, has been public about not participating in cryptountil now, with their investment in @Spiko_finance, a startup that's going after this specific market opportunity 👇Token Terminal 📊 (@tokenterminal):all stablecoin & RWA issuers will compete to make this a reality= a big win for consumers https://t.co/wPxJejnoNp ...

Crypto Market Trends - Institutional adoption of crypto is a primary driver [1] - Real World Assets (RWA) and tokenization are contributing factors [1] - Major players are recognizing the advantages of the crypto dynamic [1]

Galaxy, Apollo, and Fidelity are not only investing in Plume, they’re actively deploying capital and issuing assets.$360M TVL and 177K RWA holders in weeks is just the beginning for $PLUME 🚀 https://t.co/OQk1daAOks ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting significant price appreciation in the next 6-12 months [4][12]. Core Insights - The company reported a revenue of 2.36 billion RMB for the first half of 2025, a year-on-year increase of 5.2%, with a gross profit growth of 4.5%. However, the net profit attributable to shareholders decreased by 6.6% to 110 million RMB [2]. - The revenue structure is shifting towards productization and project-based services, with high-margin fintech solutions generating 710 million RMB, up 15.9%, and AI and big data products achieving 60 million RMB, a remarkable growth of 73.5%. Conversely, low-margin digital operations and services saw a decline of 21.1% to 330 million RMB [3]. - The company has signed a strategic cooperation agreement with Guofu Quantum to establish a joint venture focused on RWA technology platform development, targeting applications in Web3.0, AI, and cross-border payments [3]. - The company is actively expanding its overseas business, establishing relationships with Chinese clients in Hong Kong and collaborating with clients in Southeast Asia, while optimizing its business delivery model in Hong Kong [3]. Financial Forecasts - Projected revenues for 2025, 2026, and 2027 are 4.92 billion RMB, 5.32 billion RMB, and 5.83 billion RMB, reflecting growth rates of 6.2%, 8.1%, and 9.5% respectively. The net profit attributable to shareholders is expected to be 330 million RMB, 378 million RMB, and 441 million RMB, with growth rates of 6.8%, 13.6%, and 16.5% respectively [4][9].

最近这几天okx、mnt和BNB都在拉盘但是路线是完全不一样的，比较有意思的是MNT，Bybit否认是平台币，但做的全是平台币的事，什么打新、交易、合约都给用上了。花这么大力气去推，野心显然就不止这些，看了一下，核心关键词就是RWA、支付这些。这些赛道又是下一轮的焦点，用交易所赋能，用RWA和支付作为MNT将来的增长点。不是平台币，但亲儿子没跑了。 ...

Over the last couple days, we just witnessed some huge moves from Hideera. And these announcements should not go unnoticed, especially if you do hold Har. So, we have to talk about this.We're going to go in depth on a lot of these announcements and just how big of an impact it will have for not just the network itself, but also for HAR as the gas token as well. So, let's dive on in. Let's start off with just price action alone because price action has been pretty boring over the last couple weeks.Um, for an ...

Market Trends & Competition - Payment and RWA are currently focused on Ethereum, but traditional giants and crypto giants will likely develop their own public chains instead of relying on existing ones [1] - Stripe and Paradigm collaborated on Tempo, Circle developed Arc, and Tether created Plasma, indicating a trend of companies building their own payment solutions [1] - The payment sector holds significant potential, but companies are inclined to develop their own solutions [1] Ethereum Ecosystem & Investment - Ethereum's recent price surge is driven by capital flow rather than actual ecosystem development [1] - Vitalik Buterin's influence has decreased, and the Ethereum Foundation's selling of assets has had little impact [1] - There are concerns about how much of the payment market share Ethereum can capture if companies develop their own solutions [1]

RT Token Terminal 📊 (@tokenterminal)ICYMI: @WisdomTreePrime's WTGXX money market fund is currently the 2nd biggest RWA product after BlackRock's BUIDL. https://t.co/en1ekjOUcU ...