Sinohope Know-how Holdings was previously referred to as New Hearth Know-how Holdings. The corporate introduced its audited annual monetary outcomes for the 12 months ended September thirtieth. The corporate reported whole income of HK$8.66 billion. This is a rise of 451.8% from the earlier 12 months. This surge is especially because of the speedy growth of digital foreign money 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 12 months. This highlights the strain on margins as volumes increase.
Revenues skyrocket on account 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 12 months. OTC buying and selling accounted for over 99% of the group’s whole income. This confirms Sinohope Know-how’s rising function in institutional cryptocurrency liquidity providers.
Wu Shuo realized that Xinhuo Know-how Holdings (01611.HK) introduced its 2025 annual monetary outcomes announcement. The group’s whole annual income was roughly HK$8.66 billion, a rise of roughly 451.8% year-on-year, primarily because of the growth of the digital foreign money OTC enterprise. When it comes to income, 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 throughout the 12 months. Different enterprise areas have 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 12 months. This displays decrease spreads and better working prices related to giant OTC transactions.
Revenue turns into loss on account of rising prices
Income soared, however profitability went in the other way. Sinohope Know-how recorded a web lack of HK$9.7 million. Web revenue for a similar interval final 12 months 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.
Honest worth losses on crypto property additionally weighed on outcomes. That is reversing the rise seen within the earlier 12 months. Fundamental loss per share was 1.72 Hong Kong cents. This compares to a revenue of 11.66 cents in 2024. Web money decreased considerably in comparison with the identical interval final 12 months to HK$13.2 million. Nonetheless, whole capital elevated to HK$757.1 million.
Technique change and market circumstances
Sinohope shares have been lately 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 sometimes observe tendencies within the broader crypto market. Throughout 2025, the corporate repositioned itself as a digital asset providers platform with a give attention to 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 newest outcomes present that OTC scale can rapidly enhance income. As competitors and prices enhance, sustaining profitability stays a key problem.
