Investment Rating - The report maintains a "Buy" rating for the company, expecting significant growth in the upcoming years [3][11]. Core Insights - The company plans to acquire 100% equity of Kaimiride (Suzhou) Information Technology Co., Ltd. through a share issuance and cash payment, with a share price set at 15.31 RMB per share. The specific transaction price and the ratio of shares to cash payment are yet to be determined [2]. - Kaimiride is recognized as one of the few financial technology companies in the domestic capital market with "independent controllability + overseas compatibility" capabilities. Its core product, VIVA, is an integrated management software platform that covers the entire process of fund management in the financial market [2]. - Successful completion of the acquisition could allow the company to integrate its overseas project management experience with Kaimiride's localized service capabilities, strategically entering the domestic banking market and reducing reliance on the Japanese market [2]. Financial Projections - The company’s projected revenues for 2025 to 2027 are 1.1114 billion, 1.170 billion, and 1.264 billion RMB, with growth rates of 0.0%, 5.0%, and 8.0% respectively. The net profit attributable to the parent company is expected to be 166 million, 176 million, and 191 million RMB, with growth rates of 33.7%, 5.8%, and 8.9% respectively [3][8]. - The projected P/E ratios for the same period are 42.8, 40.4, and 37.2 [3]. Company Overview - The company’s revenue for 2023 is reported at 696 million RMB, with a growth rate of 6.4%. The net profit for the same year is 87 million RMB, reflecting a decline of 38.72% [8]. - The diluted earnings per share for 2025 is projected to be 0.415 RMB, with a return on equity (ROE) of 12.42% [8].

Listing Announcement - BitMart will exclusively list VIVA (VIVA) [1] - Trading pair is VIVA/USDT [1] Timeline - Deposit available on July 31, 2025 at 9:00 AM UTC [1] - Trading starts on August 1, 2025 at 9:00 AM UTC [1]

Market Trends - Smart money is aggressively buying USELESS tokens during the sell-off [1] - USELESS was the most purchased token by smart money in the last 24 hours [1] Token Analysis - Net inflow of smart money into USELESS reached $153K [1] - SPX saw a net inflow of $74K from smart money [1] - VIVA experienced a net inflow of $27K from smart money [1]

Market Trends - Smart money is aggressively accumulating USELESS coin while others are panic selling [1] - USELESS is the most bought token by smart money in the last 24 hours [1] - Dips are considered temporary [1] Investment Analysis - Smart money net flows into USELESS totaled $153K in the last 24 hours [1] - SPX saw smart money net flows of $74K [1] - VIVA experienced smart money net flows of $27K [1]