Group 1: Industry Overview - The global payment sector is experiencing significant positive changes with the signing of the US GENIUS Act and the implementation of Hong Kong's Stablecoin Regulation, marking a crucial step towards compliance for stablecoins [1] - The compliance wave for stablecoins is expected to drive a rapid transformation in the global payment market, creating new opportunities for payment infrastructure [1][5] - The industry anticipates that stablecoins will first explode in the payment sector due to the traditional financial system's potential for efficiency improvements and the relative flexibility of policy and compliance [8] Group 2: Company Performance - In the first half of 2025, the company reported revenues of HKD 2.716 billion, with a gross profit of HKD 1.273 billion, resulting in a gross margin of 46.9% and a net profit of HKD 391 million [2] - The company's revenue structure shows that HKD 2.544 billion came from electronic payment terminal sales, while HKD 172 million was generated from services [3] - The company achieved a revenue of HKD 1.084 billion from the EMEA region, despite some sales slowdown in Europe, with notable performance in Italy, the UK, and France [3] Group 3: Strategic Initiatives - The company is actively adapting its resource allocation to focus on high-potential markets, demonstrating resilience in a challenging market environment [1][2] - The company is leveraging its extensive global sales network and SaaS ecosystem to capitalize on the rapid development of stablecoins, aiming to replicate successful methodologies in this new payment area [8] - The company is also enhancing its product line and strengthening its SaaS ecosystem, with plans to integrate artificial intelligence to improve smart support and data application capabilities [8]

Core Viewpoint - The global payment sector is poised for significant growth due to the recent signing of the US GENIUS Act and the implementation of Hong Kong's Stablecoin Regulation, which establish a regulatory framework for stablecoins, indicating a new era for the industry [1][5] Company Performance - In the first half of 2025, the company reported revenue of HKD 2.716 billion, with a gross profit of HKD 1.273 billion, resulting in a gross margin of 46.9% and a net profit of HKD 391 million [2] - The company declared an interim dividend of HKD 0.25 per share, reflecting a year-on-year increase of 4.2%, demonstrating its commitment to enhancing shareholder returns [1] Revenue Structure - The company's revenue breakdown shows that HKD 2.544 billion was generated from electronic payment terminal sales, while service revenue contributed HKD 172 million [3] - The EMEA region remains the largest contributor, generating HKD 1.084 billion in revenue, despite some sales slowdown in Europe [3] - In the USCA region, revenue increased by 39% year-on-year to HKD 499 million, driven by rising order volumes and demand for specific products [3] Market Dynamics - The company experienced steady growth in the APAC region, achieving HKD 449 million in revenue, with significant sales growth in Japan due to effective deployment of smart payment terminals [4] - Despite challenges in the LACIS region, particularly in Brazil, the company managed to achieve HKD 684 million in revenue, focusing on opportunities in Panama [4] Future Opportunities - The stablecoin payment sector is expected to see rapid growth, driven by regulatory developments and the need for efficiency in traditional financial systems [5][8] - The company aims to leverage its extensive sales network and SaaS ecosystem to replicate successful strategies in the stablecoin payment space, potentially creating new growth avenues [8] - The company is also focusing on optimizing its payment terminal product line and enhancing its SaaS ecosystem, with plans to integrate artificial intelligence to improve service capabilities [8]