Sinohope Technology Holdings Ltd. has released its unaudited interim results for the six months ended March 31, 2025. The company reported a significant increase in revenue, which reached HK$3.456 billion, up 427.1% from HK$655.6 million in the same period of 2024. This surge was primarily driven by the cryptocurrency trading business, which accounted for HK$3.438 billion of the revenue. Despite the revenue growth, the company faced a decline in gross profit, which fell by 65.8% to HK$11 million from HK$32.1 million in the previous year. The gross profit margin also decreased to 0.3% from 4.9%. Sinohope Technology Holdings reported a net loss before income tax of HK$12.3 million, a stark contrast to the profit of HK$99.3 million reported in the same period last year. This translated to a basic and diluted loss per share of HK cents (2.64), compared to an earnings per share of HK cents 21.42 in the previous year. The company continues to operate mainly in the virtual assets ecosystem, with its operations primarily located in the People's Republic of China, including Hong Kong. No specific outlook or guidance was provided in the release.
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