Core Viewpoint - Tianji Holdings (01520) has reported a significant increase in its stock price, driven by its strategic focus on stablecoin-related businesses and Web3.0 initiatives, reflecting strong market optimism about its future growth [1][2]. Financial Performance - In the first half of 2025, the company achieved a revenue of HKD 23.12 million and a gross profit of HKD 2.929 million [1]. Strategic Initiatives - The company is actively expanding its presence in the stablecoin and Web3.0 sectors through various investments and acquisitions, aiming to enhance its business portfolio [1][3]. - Tianji Holdings has entered into a strategic partnership with Xizuchain Technology to establish a joint venture focused on Web3.0 sports IP consumption operations, further deepening its engagement in the "Web3.0+" space [4]. Market Trends - The stablecoin market is poised for growth, supported by regulatory developments in multiple countries, including the U.S. and Hong Kong, which are establishing frameworks for stablecoin issuance and regulation [2][5]. - The rise of Real World Assets (RWA) is expected to create a massive market opportunity, potentially reaching a trillion-dollar scale, as these assets are digitized and integrated into blockchain ecosystems [2][5]. Partnerships and Collaborations - The company has formed strategic alliances with notable firms, including a partnership with Xinqiao Capital to leverage AI and blockchain technologies for enhancing decentralized business operations [3]. - Tianji Holdings has established strong relationships with global gaming and entertainment companies, which may synergize with its stablecoin initiatives to unlock new growth avenues [5].

Core Viewpoint - 加幂科技预计在截至2025年6月30日的六个月内将面临不少于2300万港元的净亏损，相较于2024年同期的约300万港元净亏损，显示出显著的亏损增加 [1] Financial Performance - 预计净亏损的增加主要归因于一次性购股权开支、Web3.0业务研发开支的增加，以及根据预期信贷亏损模型的减值亏损拨备 [1] - 截至2024年6月30日的同期，曾拨回约500万港元的减值亏损 [1]

Core Viewpoint - 加幂科技 (08198) anticipates a net loss of no less than HKD 23 million for the six months ending June 30, 2025, compared to a net loss of approximately HKD 3 million for the same period ending June 30, 2024, indicating a significant increase in losses due to various factors [1] Financial Performance - The projected net loss for the upcoming period is expected to be at least HKD 23 million [1] - The net loss for the same period last year was around HKD 3 million, highlighting a substantial increase in losses [1] Contributing Factors - The increase in net loss is primarily attributed to one-time stock option expenses related to the granting of stock options during the period [1] - Increased research and development expenses for Web3.0 business are also contributing to the higher losses [1] - The company has recognized impairment losses based on expected credit loss models, contrasting with a reversal of impairment losses of approximately HKD 5 million in the same period last year [1]