New Huo Tech, a Hong Kong-listed tech company, recently reported its mid-year financial performance for the period ending on March 31, 2023. The report reveals a complex financial picture with some noteworthy trends and developments.
Most striking is the company’s exceptional growth in revenue. Compared to the same period in 2022, revenue has surged by a staggering 612.3% from HKD 352 million to HKD 2.506 billion. This substantial growth underscores the effectiveness of New Huo Tech’s business model and its success in gaining a significant foothold in its market.
The virtual asset trading and lending segment appears to be the powerhouse of New Huo Tech’s operations, contributing a whopping HKD 2.386 billion, or 95.21% of total revenue. The prominence of this business segment may signal the increasing trend and acceptance of virtual assets in the market. It also indicates New Huo Tech’s competitive strength and strategic…
