BC Technology Group Announces Annual Results: Digital Asset and Blockchain Revenue Soars 736.9%

BC Technology Group (00863.HK) announced its 2019 annual results. The company's revenue was 165 million yuan, an increase of 13.6% year-on-year. The increase in revenue was driven by the better-than-expected performance of the digital asset business that began in August 2018. The digital asset and blockchain platform business started in August 2018 and increased significantly during the year, becoming the Group's largest source of business income and income. This year, digital asset and blockchain platform business generated revenue of RMB 71.6 million, a year-on-year increase of 736.9%. The substantial increase was driven by the increase in the transaction volume of the Group's digital asset trading services and the launch of the SaaS business in FY2019.