Deep Tide TechFlow news, on December 17, the Hong Kong listed company New Fire Technology (1611.HK) released its performance report for the fiscal year 2024 (ending September 30, 2024). The report shows that the company confirmed a reversal of impairment loss from FTX of HKD 85.897 million and included it in the current profit and loss, achieving a gross profit of HKD 44.2 million for the year and a net profit of HKD 56.3 million, successfully turning around its losses.
In 2025, New Fire Technology plans to provide distribution services to professional investors, including Bitcoin and Ethereum ETFs, virtual asset funds, and structured products, based on its existing Type 9 license (providing asset management services). In addition, the company is applying for an upgrade to a Type 4 license (providing advice on securities), and upon approval, will launch virtual asset consulting services targeted at professional investors.
