"New Stocks" HASHKEY: Current profitability is a non-core indicator, adhering to licensed compliance principles

HASHKEY HLDGS (03887.HK) was listed today (17th). During the speech by the group's chairman, Xiao Feng, he stated that the company uses Hong Kong as its base to expand into Asian and international markets, having obtained 13 licenses in 6 jurisdictions, adhering to the principles of licensing, compliance, and regulation.

In response to media questions, he mentioned that the company is still in the investment phase, and the core metric is not profitability but cash flow, as it can support the company's long-term development and seize opportunities in the rapidly growing market.

When asked about the timing of the listing and the recent performance of the cryptocurrency market, he described the current listing as "a natural progression." He noted that during the preparation for the listing, the industry was still relatively new, making it difficult to find accountants to prepare compliant financial documents for the company, and it was impossible to predict market performance after the listing.

He expressed strong confidence in the industry's future growth prospects, stating that his confidence is growing stronger, and believes that the industry needs legislation and compliance to go further. Regarding the recent scams and pyramid schemes involving stablecoins in mainland China, he believes these activities are merely using the concept of stablecoins and have nothing to do with Hong Kong's stablecoin legislation, agreeing that they need to be cracked down on