Xinhuo Technology releases financial report for the first three quarters: pre-tax loss of HK$280 million

Xinhuo Technology released its financial report as of September 30, 2023: encryption business operating income was HK$2.81 billion, gross profit was HK$10 million, and pre-tax loss was HK$280 million. The announcement stated that the loss was mainly due to the increase in expenses for developing the company's new business and the inability to withdraw cryptocurrency assets from FTX. The relevant impairment loss provision was approximately HK$86 million and one-time expenses caused by the company's human resources restructuring and cost management plan. due to increase.