Sino-Singapore announced first-quarter results, blockchain service revenue decreased

According to Zhitong Finance News, on May 7, Zhongxin Holdings announced its first-quarter results. For the three months ended March 31, 2019, the Group's overall revenue for the period was 528 million yuan, down 12.6% year-on-year, and the net loss attributable to shareholders was 172 million. yuan. The decrease in group revenue in the first quarter was mainly due to the decrease in blockchain services and traditional loan income. Affected by the cryptocurrency market in the past year, the Group has been actively adjusting the blockchain business, and has continued to reduce the cryptocurrency mining related business, and stopped hardware investment, focusing on the development of software and application development. Actively explore deep cooperation with financial institutions and believe that the future will bring new growth points to the Group.