Core Insights - The global regulatory framework for stablecoins is accelerating, particularly with the implementation of Hong Kong's Stablecoin Regulation on August 1, which is expected to drive the Real World Asset (RWA) industry into a compliance-driven growth phase [1] - Citibank predicts that the global RWA market could exceed $1 trillion by the end of 2027, with a compound annual growth rate (CAGR) of over 100%, while BCG and ADDX forecast the market could reach $16 trillion by 2030, accounting for 10% of global GDP [1] - The RWA industry is positioned for explosive growth, comparable to AI and robotics, indicating potential for significant investment returns [1] Company Developments - Yuan Zheng Technology announced its entry into the RWA sector, leveraging its expertise in blockchain and automotive data to explore asset tokenization and related RWA applications [2][3] - The company plans to complete feasibility studies and technical preparations for its RWA business by Q4 2025, with a pilot project expected to launch in 2026 [2] - Yuan Zheng Technology holds 340 blockchain-related patents, establishing a strong technical foundation for its RWA initiatives [2][3] Data and Market Position - The company has connected over 390 million vehicles through its diagnostic devices, generating nearly 1.9 billion diagnostic reports, positioning it to create the world's largest automotive diagnostic database [3] - The data assets are crucial for RWA value anchoring and innovation, providing a key advantage for Yuan Zheng Technology in the RWA landscape [3] Business Model Innovations - Yuan Zheng Technology is exploring a "device leasing + revenue sharing" model, which could lower customer acquisition costs and enhance market penetration [4] - The company is also considering data assetization by creating tradable data assets from anonymized diagnostic reports, which could open new revenue streams and strengthen its competitive position [5] Growth and Transformation - The company's revenue grew approximately 10% to 981 million yuan, with net profit increasing by 28.47% to 194 million yuan in the first half of 2025, driven by high-margin software and data services [6] - The exploration of RWA signifies a shift from traditional hardware sales to a focus on continuous cash flow and high-value data assets, potentially leading to a three-tier value cycle of device leasing, data asset securitization, and revenue asset circulation [7] - Successful advancement in the RWA sector could lead to a revaluation of the company in the secondary market, transitioning its positioning towards software and data service providers [7]

Core Viewpoint - The global regulatory framework for stablecoins is accelerating, particularly with the implementation of Hong Kong's stablecoin regulations, which is expected to drive the Real World Asset (RWA) industry into a compliance-driven explosive growth phase [1] Industry Overview - The global RWA market is projected to exceed $1 trillion by the end of 2027, with an annual compound growth rate of over 100% [1] - By 2030, the RWA market size is expected to reach $16 trillion, accounting for 10% of global GDP [1] - The RWA industry is positioned as a "golden track" for growth, comparable to AI and robotics industries [1] Company Developments - Yuan Zheng Technology announced its entry into the RWA sector, leveraging its expertise in blockchain and automotive data [2] - The company plans to complete feasibility studies and technical preparations for its RWA business by Q4 2025, with a pilot project aimed for launch in 2026 [2][3] - Yuan Zheng Technology holds 340 patents in blockchain technology, establishing a strong technical foundation for RWA applications [3] Data Asset Utilization - The company has connected over 390 million vehicles through its diagnostic devices, creating a vast database of nearly 1.9 billion diagnostic reports [3] - This data asset is crucial for RWA value anchoring and innovation [3] - Yuan Zheng Technology aims to explore various paths in RWA, including equipment assetization and data assetization [4][5] Equipment Assetization Strategy - The company plans to shift from direct sales of diagnostic equipment to a "leasing + revenue sharing" model, allowing for the creation of RWA assets from rental income [4] - This model is expected to lower the entry barrier for customers, enhancing market penetration [4] Financial Performance - Yuan Zheng Technology has experienced significant growth, with a revenue increase of approximately 10% to 981 million yuan and a net profit growth of 28.47% to 194 million yuan as of mid-2025 [6] - High-margin businesses such as software and remote diagnostic services have shown substantial growth, indicating a transition from a manufacturing to an intelligent enterprise [6] Future Growth Potential - The exploration of RWA signifies a shift from traditional hardware sales to a focus on continuous cash flow and high-value data assets [7] - The company aims to establish a three-tier value cycle system, enhancing its growth potential in software services, data operations, and financial solutions [7] - Successful advancement in the RWA sector could lead to a revaluation of the company's market position towards software and data service providers [7]

Core Viewpoint - The company, Yuan Zheng Technology (02488), announced its strategic plan to leverage its existing business and technology in the Real World Asset (RWA) sector to promote assetization of equipment and related RWA applications [1] Group 1: Business Strategy - The company aims to explore the feasibility of RWA applications based on a portion of its high-end product series, which includes PAD series automotive diagnostic equipment, new energy vehicle maintenance equipment, ADAS calibration equipment, and four-wheel alignment equipment [1] - The strategy involves formulating technical solutions, hiring additional R&D personnel, and collaborating with technology partners to develop and deploy a technical platform [1] Group 2: Technological Capabilities - The company has a strong foundation in blockchain and automotive data, having applied for over 300 blockchain-related patents [1] - It has established connections with over 390 million vehicles globally through automotive diagnostic equipment [1]

Core Viewpoint - The company, Yuan Zheng Technology (02488), is strategically positioning itself to leverage its existing business and technology in the Real World Asset (RWA) sector, focusing on assetization of equipment and related RWA applications [1] Group 1: Business Strategy - The company plans to utilize its extensive experience in blockchain and automotive data, having filed over 300 blockchain-related patents and connected with over 390 million vehicles globally through automotive diagnostic equipment [1] - The strategy includes exploring the feasibility of RWA applications based on a selection of high-end product lines, such as PAD series automotive diagnostic devices, new energy vehicle maintenance equipment, ADAS calibration equipment, and four-wheel alignment equipment [1] Group 2: Development Initiatives - The company aims to establish technical solutions, hire additional R&D personnel, and collaborate with technology partners to develop and deploy a technical platform [1] - There is also a consideration to apply for relevant business pilot projects under compliance conditions [1]

Core Viewpoint - The company, Yuan Zheng Technology (02488.HK), is planning to leverage its existing business and technology in the Real World Asset (RWA) sector to promote assetization of equipment and related RWA applications [1] Group 1: Business Strategy - The company has a strong foundation in blockchain and automotive data, having applied for over 300 blockchain-related patents [1] - It has established connections with over 390 million vehicles globally through automotive diagnostic equipment [1] - The company aims to explore the feasibility of RWA applications based on a selection of high-end product series, including PAD series automotive diagnostic equipment, new energy vehicle maintenance equipment, ADAS calibration equipment, and four-wheel alignment equipment [1] Group 2: Development Plans - The company plans to develop technical solutions, hire additional R&D personnel, and collaborate with technology partners to create and deploy a technology platform [1] - It will consider applying for relevant business pilot projects under compliance requirements [1]