According to the Hong Kong Commercial Daily, on June 28, 2023, Okey Cloud Chain Holdings Co., Ltd. (hereinafter referred to as "Okey Cloud Chain") and its subsidiaries (stock code: 1499.HK , hereinafter referred to as "the Group") announced that Annual report for the year ended March 31, 2023. During the reporting period, Okey Cloud Chain achieved a net profit of approximately HK$43.5 million, compared with a net loss of approximately HK$58.1 million in the same period last year, successfully turning losses into profits. Gross profit was approximately HK$155 million, an increase of approximately 84.1% over the same period last year; gross profit margin increased by 21.6 percentage points from 21.9% in the same period last year to 43.5% this year. This achievement is mainly due to the outbreak of digital asset-related business, which has become the biggest growth driver of Okey Cloud Chain.
According to the financial report data, Okey Cloud Chain’s digital asset-related business will achieve a revenue of approximately HK$134 million in 2023, an increase of approximately 884% from HK$13.7 million in the same period last year. In terms of gross profit, the gross profit of digital asset-related businesses this year is approximately HK$92.8 million, an increase of 1618.5% from approximately HK$5.4 million in the same period last year, and the gross profit rate is 69%, an increase of 29.6 percentage points from the same period last year. In addition, revenue from blockchain technology services represented by OKLink Explorer and OnchainAML will reach approximately HK$34.4 million in 2023, an increase of approximately 71.1% over the same period last year.
Digital asset-related and technical service business, as an innovative business of Okey Cloud Chain, accounted for only about 7.6% of the company's total revenue last year, but jumped to 47.0% this year. It can be seen that OKey Cloud Chain is actively promoting products Upgrading and transformation, developing towards diversification, and digital asset-related businesses will also become an important engine driving its innovative growth.
Okey Cloud Chain helps digital currency compliance and risk prevention, and has broad prospects for development in Hong Kong
As an international financial center, Hong Kong has a complete legal and regulatory system, a highly developed financial infrastructure, and a mature financial ecosystem. These advantages make it an ideal place for the development of digital assets and Web3. In order to consolidate its leading position, the Hong Kong government has adopted a series of supporting policies, including promoting digital currency research and personnel training, to provide enterprises with a more stable, transparent and efficient business environment. Among them, the formulation of a virtual asset regulatory framework is the most important measure. The entry into force of Hong Kong’s new regulations on virtual asset supervision has provided a clear and clear regulatory direction for Hong Kong’s virtual asset industry. This will promote the development of the virtual asset industry in the direction of compliance and health, and at the same time bring broader development prospects for enterprises committed to providing blockchain security services.
As the world's leading provider of blockchain data and technology services, Okey Cloud Chain has been committed to the construction of a blockchain security ecosystem. Playing an important role in the development of Web3 compliance in Hong Kong, the company has actively participated in the consulting work on virtual asset regulation in Hong Kong, and has proposed a number of technical solutions around the two aspects of virtual asset transaction security and risk management, which have been widely accepted by all sectors of society recognition. As an enterprise with a sense of scientific and technological innovation, Okey Cloud Chain has successfully applied blockchain technology to digital currency, big data and other fields, forming a synergistic effect. At present, Okey Cloud Chain has formed a complete and mature product series, including its Web3 one-stop data analysis platform blockchain browser (Explorer), on-chain anti-money laundering solution on-chain AML (Onchain AML), And Chaintelligence, which assists supervision, helps the industry to develop positively.
It is foreseeable that with the support and policies of the Hong Kong government, Okey Cloud Chain will have a broad prospect for future development. The company is expected to play a more important role in the Web3 field and bring more innovations and changes to the industry. At the same time, as the importance of digital currency compliance and risk prevention is gradually highlighted, the professional technology and practical experience of Okey Cloud Chain in this field will also bring more business opportunities and room for growth to the company.
Onchain AML Solution of Okey Cloud Chain: Building Hong Kong Web3 Security Fortress, the future can be expected
Okey Cloud Chain has been committed to the deep cultivation and innovation of blockchain technology. In order to solve the on-chain anti-money laundering and platform compliance issues that the industry has focused on, the company has conducted in-depth research on virtual asset transaction scenarios, combined with years of technical advantages in the blockchain and big data fields, and launched a targeted Onchain AML solution. This solution can not only help financial institutions quickly meet anti-money laundering compliance requirements, but also provide virtual asset companies with a complete set of compliance tools to help them achieve rapid compliance in the Hong Kong market.
It is reported that Onchain AML anti-money laundering compliance solution focuses on four aspects including KYT (Know Your Transactions), KYA (Know Your Address), data indicators and security audit. Combined with the massive on-chain data accumulated by Onchain for many years, Onchain AML can realize the comprehensive traceability and monitoring of virtual asset transactions to meet the different needs of all parties. Taking the KYT service in Onchain AML as an example, it can associate addresses with the real world, monitor deposit and withdrawal transaction risks, identify malicious addresses and generate alerts to meet the compliance and risk control needs of virtual asset service providers (VASPs). In addition, regulators can also use the KYA service in Onchain AML to identify, analyze, measure, and classify the risk types of addresses on the chain, and assist in virtual asset investigations to initially screen transaction risks on the chain, thereby improving the transparency of virtual asset transactions.
In the context of Hong Kong policy dividends and the increasing market demand for blockchain security technology, Okey Cloud Chain, as the first blockchain technology company listed on the Hong Kong Stock Exchange, is expected to rely on its excellent products and innovative technical solutions , usher in a broader development prospect. In the future, Okey Cloud Chain will continue to give full play to its technological advantages and innovative spirit, and actively promote the landing and application of Onchain AML solutions and other businesses in the Hong Kong market, so as to improve the legality and security of virtual asset transactions and make more contributions to the construction of Web3 in Hong Kong. big contribution.