Xinhuo Technology released its 2022 annual report, in which the company's total revenue was 9.453 billion Hong Kong dollars, a year-on-year increase of 1447.8% or 8.842 billion Hong Kong dollars; the company's overall gross profit for the year was 185 million Hong Kong dollars; the virtual asset ecosystem business revenue grew rapidly, reaching 9.057 billion Hong Kong dollars, accounting for the group's total revenue 96% of that; virtual asset over-the-counter trading business revenue reached HK$8.939 billion; cash and cash equivalents reached HK$323 million. In addition, the company plans to diversify its business in the near future and launch a new centralized and decentralized mixed service platform Sinohope.