更具前瞻性的是，双方不仅在极光自有体系中落地稳定币支付，还计划携手打造面向市场的联合稳定币 支付解决方案，为中国出海企业及全球客户提供合规、安全、高效的数字支付与清算基础设施。未来将 重点探索包括数字广告、内容出海、应用内经济以及SaaS 订阅场景下的稳定币支付方案，共同推动数 字资产在跨境业务及新兴市场的规模化应用。 同时，基于香港在全球数字金融和稳定币监管体系中的先发优势，双方还将以香港为重要枢纽，探索与 持牌稳定币项目及当地金融清算网络的深度合作，推动形成更具透明度与安全合规性的资金流转体系， 助力香港巩固其作为国际金融中心及数字资产创新高地的地位。 极光创始人、董事长兼CEO 罗伟东 表示："HashNut在链上透明支付与智能合约托管领域的技术能力， 让我们能为全球客户提供极具竞争力的数字支付体验。未来，我们还将联合HashNut 打造开放可用的稳 定币解决方案，服务更多中国出海及全球客户，共同加速数字经济的繁荣。" 2025年7月，中国香港 —— 近日，极光(Aurora Mobile，NASDAQ: JG)宣布与领先的加密支付解决方案 提供商HashNut 达成战略合作。双方将围绕稳定币在Web3 ...

Investment Rating - The report assigns a "Buy" rating for the company, indicating that the stock price is expected to outperform the benchmark by more than 15% [8]. Core Views - The company reported a revenue of 7.745 billion RMB in 2025, a year-on-year decrease of 6.11%, while the net profit attributable to shareholders was 1.010 billion RMB, a slight increase of 0.59% [1]. - The first quarter of 2025 showed significant improvement, with a revenue of 1.896 billion RMB, representing a year-on-year growth of 8.92%, and a net profit of 311 million RMB, up 25.16% year-on-year [1]. - The company is strategically positioned to benefit from the internationalization of the RMB and the complexities of global trade, with a focus on comprehensive payment solutions [1]. - The overseas performance in 2024 was strong, with international revenue reaching 2.674 billion RMB, a year-on-year increase of 18.7%, accounting for 34.52% of total revenue [1]. - The company is actively integrating AI technologies into its products, enhancing capabilities in payment solutions and machine vision [1]. Financial Summary - The company’s total revenue is projected to grow from 8.250 billion RMB in 2023 to 10.431 billion RMB by 2027, with a compound annual growth rate (CAGR) of approximately 10.8% [2]. - The net profit attributable to shareholders is expected to increase from 1.004 billion RMB in 2023 to 1.671 billion RMB in 2027, reflecting a CAGR of 15.7% [2]. - The earnings per share (EPS) are forecasted to rise from 0.97 RMB in 2023 to 1.62 RMB in 2027, with corresponding price-to-earnings (P/E) ratios decreasing from 27.47 to 16.50 [2][3].