Sinohope Expertise Holdings was previously generally known as New Hearth Expertise Holdings. The corporate introduced its audited annual monetary outcomes for the yr ended September thirtieth. The corporate reported whole income of HK$8.66 billion. This is a rise of 451.8% from the earlier yr. This surge is especially as a result of fast enlargement of digital forex over-the-counter (OTC) buying and selling enterprise. Nonetheless, regardless of the regular development in gross sales. The group suffered a web loss for the yr. This highlights the strain on margins as volumes develop.
Revenues skyrocket as a result of OTC buying and selling
The crypto asset buying and selling division remained the corporate’s core development engine. Income from this enterprise amounted to HK$8.61 billion, up from HK$1.52 billion in the identical interval final yr. OTC buying and selling accounted for over 99% of the group’s whole income. This confirms Sinohope Expertise’s rising position in institutional cryptocurrency liquidity providers.
Mr. Wu Shuo discovered that Xinhua Expertise Holding Co., Ltd. (01611.HK) introduced its annual outcomes for 2025. The group’s whole annual income was roughly HK$8.66 billion, a rise of roughly 451.8% year-on-year, primarily as a result of enlargement of the digital forex OTC enterprise. When it comes to earnings, the group turned from a surplus to a deficit, with a web lack of roughly HK$9.7 million (web revenue for a similar interval in 2024 was roughly HK$56.3 million). https://t.co/F1hO4jLK1G
— Wu Shuo Blockchain (@wublockchain12) December 31, 2025
Administration attributes this enhance to elevated buyer exercise and transaction dimension through the yr. Different enterprise areas had been flat, contributing solely HK$48.1 million. Barely decreased from 2024. Gross revenue elevated barely to HK$47.6 million. Nonetheless, gross revenue margin sharply fell to 0.6% from 2.8% final yr. This displays decrease spreads and better working prices related to giant OTC transactions.
Revenue turns into loss as a result of rising prices
Income soared, however profitability went in the other way. Sinohope Expertise recorded a web lack of HK$9.7 million. Internet revenue for a similar interval final yr was HK$56.3 million. Loss attributable to shareholders was HK$9.2 million. Administrative bills elevated from HK$106.2 million to HK$111.5 million. The corporate expanded its workforce and compliance operations.
Truthful worth losses on crypto property additionally weighed on outcomes. That is reversing the rise seen within the earlier yr. Fundamental loss per share was 1.72 Hong Kong cents. This compares to a revenue of 11.66 cents in 2024. Internet money decreased considerably in comparison with the identical interval final yr to HK$13.2 million. Nonetheless, whole capital elevated to HK$757.1 million.
Technique change and market situations
Sinohope shares had been not too long ago buying and selling round HK$2.61. This brings the corporate’s market capitalization to roughly HK$1.96 billion. Inventory costs stay risky and infrequently observe developments within the broader crypto market. Throughout 2025, the corporate repositioned itself as a digital asset providers platform with a deal with compliance and institutional clients. A number of former Huobi executives joined the group in August. This indicators a strategic reset. The corporate additionally clarified that it has no capital or enterprise relationship with Huobi Hong Kong.
Trying forward, administration stated it’s going to prioritize “security and compliance.” Whereas persevering with to construct providers that join conventional finance and Web3 infrastructure. Nonetheless, the most recent outcomes present that OTC scale can rapidly enhance income. With elevated competitors and prices, sustaining profitability stays a key problem.
