SINOHOPE TECH
$1611.HK•HKEX
Blockchain Infrastructure Services
企業情報
CEO
Du Yangjun
設立
1990
本社所在地
Room 702-3, 7th Floor, 100 Queen's Road Central, Central, Hong Kong
取引所
HKEX
H
年間最高値
$8.17
L
年間最安値
$2.93
株価チャート
ビジネスモデル
ビジネスモード
1. Custody and Trust Services
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- Providing compliant custody services through subsidiaries in Hong Kong (TCSP license) and the United States (Nevada trust license), with the custody scale exceeding $2 billion in 2021, targeting clients including exchanges, market makers, family offices, and other institutions.
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- Support for secure storage of mainstream cryptocurrencies (BTC / ETH) and stablecoins, emphasizing AML/CTF compliance and risk control.
- Asset Management and Fund Issuance
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- Holds the Hong Kong Securities and Futures Commission's Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses, issuing multiple virtual asset funds, including:
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- Bitcoin tracking fund, Ethereum tracking fund (100% investment in corresponding cryptocurrencies)
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- Multi-strategy actively managed fund (covering DeFi, NFT, and other sectors).
- Exchanges and Trading Ecosystem
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- In 2024, acquired 92.31% equity in the Japanese licensed exchange BitTrade, obtaining dual licenses from the Japanese Financial Services Agency, with over 165,000 users and annual trading revenue of approximately 240 million Hong Kong dollars.
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- Promote a one-stop closed-loop service of "fiat currency - trading - custody - asset management," integrating quantitative arbitrage and OTC services.
- Web3 Technology Solutions
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- Providing blockchain SaaS services for B-end (such as data centers, cloud services), in 2021 SaaS revenue surged 174 times year-on-year, with a gross profit margin of 91.1%.
- Family Wealth Management
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- In collaboration with the WanFang Family Office, we launched Asia's first virtual asset joint family office, serving ultra-high-net-worth clients, providing cryptocurrency asset inheritance, wallet integration, and AI risk control solutions.
利益モデル
Source of Income
- Custody and trust service fees: Management fees are charged based on asset size (driven by custody scale).
- Fund asset management fee: charged based on AUM ratio, with Bitcoin/Ethereum funds as the main products.
- Exchange trading fees: Trading commissions and market-making service income of the BitTrade platform.
- Technical solution revenue: SaaS service subscriptions and custom development (high gross margin business).
利益モデルの影響
Function and Significance
- Promote industry compliance: Establish trust through licensed services to attract institutional funds (such as the demand for virtual asset ETF custody in Hong Kong).
- Enhance market liquidity: Custody and exchange services reduce trading friction for mainstream cryptocurrencies (BTC / ETH), improving market depth.
- Diversified income structure: Hedging against the cyclical risks of traditional electronic manufacturing business, in 2021, the revenue share of virtual asset business rose to 38.3%.
暗号資産への影響
1. Bitcoin ( BTC ) and Ethereum ( ETH )
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- Direct liquidity support: Custody and fund businesses require a large reserve of BTC / ETH, increasing market buying demand;
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- Price correlation: The company's stock price is significantly linked to Bitcoin's market trends (e.g., when BTC broke $74,000 in October 2024, New Fire Technology's stock price rose 6.15% in a single day).
2. Stablecoins (such as USDT/ USDC )
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- Custody services support stablecoin cross-border payment scenarios, promoting its penetration in institutional trading.
3. Mainstream Cryptocurrencies in the Japanese Market
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- By influencing the trading volume of leading cryptocurrencies in Japan (such as XRP, ADA) through BitTrade, it may introduce liquidity from the Asia-Pacific region after acquisition.