Interpretation of Okey Cloud Chain’s semi-annual report: Net profit turned from loss to profit year-on-year, and innovative businesses such as blockchain big data contributed new growth curves

A few days ago, Okey Cloud Chain Holdings (01499.HK) released its 2022 interim report for the six months ending September 30. The report shows that the company will realize operating income of approximately HK$182 million from April 1, 2022 to September 30, 2022; the net profit attributable to the parent company will be approximately HK$35.2 million, compared with a loss of approximately HK$28.9 million in the same period last year, turning losses into profits year-on-year.

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The growth of innovative businesses such as blockchain big data is expected

The business of Okey Cloud Chain Holdings is divided into two categories: traditional business and innovative business. Traditional business includes foundation business and construction waste treatment business, and innovative business is blockchain big data related business.

The report shows that the proportion of traditional business income in total operating income has dropped to 47.5%, benefiting from the Hong Kong Special Administrative Region government's continuous policy support for financial innovation and digital economy, Oukeyun Chain has increased its blockchain-based financial technology-related Investment in the field, strengthening the layout of innovative business, mainly including blockchain security and technical services such as blockchain browser, chain eye, chain guard, digital assets, USDK, trust and custody services, etc. The growth trend of this business is obvious. According to the report, digital asset-related businesses and technical services contributed more than half of the revenue. The company has long been optimistic about the development of businesses such as blockchain and big data. This is also the largest growth space for listed companies in the future.

Q: What is the big data advantage of Okey Cloud Chain's blockchain?

Okey Cloud Chain:First of all, the blockchain browser of Okey Cloud Chain takes the global mainstream public chain data as the cornerstone, so as to ensure that the browser data is timely, accurate and rich.

Secondly, it has a strong ability to mine address tags. Through active learning and a series of algorithms, it can sort out a series of entities and hidden relationships behind the address.

Thirdly, Okey Cloud Chain Holdings has continuous capital investment and technical investment.

Finally, as one of the earliest blockchain companies established in China, Okey Cloud Chain Holdings has continued to cultivate the blockchain industry, and has been able to develop a blockchain browser that is one step ahead of the market through years of understanding of the business , as well as professional products such as Tianyan on the chain.

Q: What is the company's blockchain big data strategy? Specific landing applications and latest developments?

Okey Cloud Chain:As one of the earliest enterprises in the blockchain industry to cut into the data track on the chain, Okey Cloud Chain has run through the full node data of the world's major blockchain networks, and completed the synchronization of the world's most mainstream public chain data. At present, it has accumulated a large amount of He has excellent basic data and industry experience, has excellent results in the innovative application of data on the chain, and actively devotes himself to the application and practice of actual scenarios, empowering blockchain big data in various fields in the digital age. The blockchain big data platform includes the top application layer, the middle application platform layer, the technical data layer, and the full-node ledger data layer. By opening up the ledger data of all nodes in each chain, it provides the most basic data support for the above-mentioned application layer. Users can easily query relevant data on the Okey Cloud Chain platform. It is precisely because of the blockchain browser OKLink and the full node data that the upper application layer can be more targeted and targeted for some applications.

The "Sky Eye on the Chain" independently developed by Okey Cloud Chain is one of the representative applications, and it is now able to effectively assist law enforcement agencies in handling cases and help some victims recover their losses. In the past year, SkyEye on the Chain has assisted law enforcement agencies across the country in combating nearly a hundred cases of various virtual currency crimes. Based on rich practical cases and experience, SkyEye on the Chain has also attracted more attention from the demand side, and is expected to give listed companies Bring more business source income.

Q: What new directions will be taken in product development? What is the focus of the company's work in the future?

Okey Cloud Chain:According to the company's development strategy of being closer to the market, it will further move towards the market and get closer to users, and carry out product research and development and iterative upgrades of technologies guided by the needs of the market and users.

Next, we will continue to optimize products such as the blockchain browser and SkyEye on the chain based on the independent innovation and development of the OKLink.com website, support the steady development of the financial market with innovative technology data, and develop trust, custody, technology and information services based on this At the same time, further optimize the business structure, gradually expand the scale of digital asset investment business, expand the research and development and commercialization of blockchain technology, and promote the steady growth of financial performance.