PHOENITRON HOLD (08066) subsidiary e-commerce and AI businesses achieved a pre-tax profit of over HKD 75 million in the first 9 months.

date
18:48 04/11/2025
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GMT Eight
Hin Cheung Holdings (08066) issues announcement, according to the announcement of Jinxi Dongchuang Digital Entertainment Technology Group Co., Ltd. and Cyberworld (Hong Kong)...
PHOENITRON HOLD (08066) announces that, based on a preliminary evaluation of the unaudited management accounts of Shanxi Dongchuang Digital Entertainment Technology Group Co., Ltd. and Cyber Illusion (Hong Kong) Limited (Cyber Illusion) (both wholly-owned subsidiaries of the Company), the e-commerce business and AI business have achieved unaudited pre-tax profits totaling over HK$75 million for the nine months ended September 30, 2025. Furthermore, the Board is pleased to announce that Cyber Illusion submitted a patent application for model training methods, speech recognition methods, devices, equipment, and storage media (patent) to the National Intellectual Property Administration (NIPO) on September 19, 2025. On October 14, 2025, NIPO issued a notice of preliminary examination of the invention patent application, in which NIPO, after a preliminary examination, deemed the application to comply with relevant provisions of the Implementation Rules of the Patent Law of the People's Republic of China and will conduct further examination. If the patent is successfully granted, it is expected to be used for developing proprietary AI speech technology algorithms for the AI business, strengthening the Group's competitive advantage and positioning the Group as a leader in the field of professional speech technology. The Group will continue to seek suitable investment opportunities to enhance its growth potential and remain committed to creating valuable and sustainable returns for shareholders.