Core Viewpoint - SOS Limited reported a significant increase in revenue for the six months ended June 30, 2025, primarily driven by higher sales in commodities trading, particularly natural rubber, amidst the recovery of the Chinese economy [3][4][10]. Financial Performance - Total revenue for the six months ended June 30, 2025, was $89.6 million, a 48.1% increase from $60.5 million in the same period of 2024 [4][5]. - Commodities Trading accounted for 94.9% of total revenue, while Hosting Services contributed 4.3% and Others 0.8% [3][4]. - Operating costs rose to $90.9 million, up 56.5% from $58.1 million year-on-year, reflecting the increase in revenue [7]. - The company reported a GAAP net loss of $14.2 million, compared to a net loss of $10.9 million in the prior year, marking a 30.3% increase in losses [10][11]. Revenue Breakdown - Revenue by product and service for the six months ended June 30, 2025: - Commodities Trading: $85.0 million (94.9%) - Hosting Services: $3.9 million (4.3%) - Others: $0.7 million (0.8%) [4][6]. Strategic Decisions - The company has ceased its internal Bitcoin mining operations to focus on expanding third-party mining hosting services, which have shown strong demand [3][10]. - A strategic prepayment of $228.4 million was made to accelerate the development of a proprietary blockchain commodity trading platform, aimed at securing long-term value [14][15]. Cash Flow and Liquidity - Cash and cash equivalents decreased to $4.2 million, down $242.5 million from the previous year, primarily due to the strategic prepayment [14]. - The company raised approximately $6.8 million through a registered direct offering during the reporting period [17].

Core Points - The 2025 China International Tropical Crop Conference will be held in Haikou City on December 4-5, 2025, focusing on the high-quality development of the tropical crop industry [3][4][5] - The conference aims to promote international cooperation in tropical agriculture, particularly in deep processing and digital agriculture, leveraging the advantages of Hainan's free trade port strategy [20][21] Industry Overview - The tropical crop industry in China, including natural rubber, coffee, and tropical fruits, is recognized as a strategic and efficient sector, with a planting area of 70 million acres and an annual production capacity of 40 million tons [14] - The industry contributes significantly to the economy, with a production value of 250 billion yuan and a trade volume of 230 billion yuan, serving as a new engine for economic growth [15] - China's tropical crop industry has established a comprehensive ecosystem encompassing research, production, processing, and trade, marking its presence on the global agricultural map [16][17] Conference Details - The conference will include an opening ceremony, a main forum, and three sub-forums focusing on the high-quality development of the natural rubber industry, the full industrial chain development of coffee, and the processing and trade of tropical crop products [8][9] - Officials from tropical countries, international organizations, experts, and business leaders will participate in discussions aimed at promoting technological, intelligent, green, brand, and international development of the tropical crop industry [10][11]