New Huo Technology released its 2022 annual report: total revenue of HKD 9.453 billion, with the virtual asset business accounting for 96%

ChainCatcher news, New Fire Technology released its 2022 annual report, in which the company's total revenue was HKD 9.453 billion, a year-on-year increase of 1447.8% or HKD 8.842 billion; the company's overall gross profit for the year was HKD 185 million; revenue from the virtual asset ecosystem business grew rapidly, reaching HKD 9.057 billion, accounting for 96% of the group's total revenue; revenue from the virtual asset over-the-counter trading business reached HKD 8.939 billion; cash and cash equivalents amounted to HKD 323 million.

In addition, New Fire Technology plans to diversify its business in the near future by launching a new centralized and decentralized mixed-service platform, Sinohope. (Source link)