Xinhuo Technology Holdings (01611) announced annual results, loss attributable to company owners of HK$9.212 million year-on-year profit to loss

According to the Zhitong Finance App, Xinhuo Technology Holdings (01611) announced its annual results for the year ended September 30, 2025, with revenue of approximately HK$8.661 billion, up 451.8% year on year; loss due to company owners of HK$9.212 million, which turned profit and loss over the previous year; loss of 1.72 HK cents per share.

According to the announcement, the profit conversion to loss was mainly due (not counting the impact of the acquisition of the BitTrade Group), an impairment provision of about HK$85.9 million to FTX deposits was not transferred in one go; impairment provision of about HK$10.3 million due to a one-time repayment of other receivables due to the recovery of funds; and a decrease in earnings due to fluctuations in the fair value of crypto assets.