Oriental Culture Holding LTD (OCG): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En la intersección dinámica del arte, la tecnología y el patrimonio cultural, Oriental Culture Holding Ltd (OCG) surge como una plataforma innovadora que revoluciona la inversión del arte digital y la gestión de activos culturales. Al combinar a la perfección la tecnología de blockchain con la curación de arte tradicional, OCG ofrece a los inversores y entusiastas del arte una puerta de entrada sin precedentes a los artefactos culturales chinos, transformando cómo percibimos, autenticamos e intercambian arte digital en el mercado global. Este innovador modelo de negocio representa un salto audaz en el futuro de la inversión de activos culturales, donde la verificación digital cumple con la preservación artística.

Oriental Culture Holding Ltd (OCG) - Modelo de negocios: asociaciones clave

Colaboración con el arte chino e instituciones culturales

A partir de 2024, OCG ha establecido asociaciones con las siguientes instituciones:

Institución	Detalles de la asociación	Año establecido
Museo Nacional de China	Preservación de arte digital y tokenización NFT	2022
Museo de Arte de Shanghai	Integración de plataforma de exhibición en línea	2023

Plataformas digitales para comercio de arte en línea y exposiciones

Las asociaciones de plataforma digital de OCG incluyen:

• Plataforma global de Artchain
• Intercambio de arte digital (DAE)
• Marketplace de arte blockchain

Proveedores de tecnología para blockchain e infraestructura NFT

Proveedor de tecnología	Soporte de infraestructura	Valor de contrato
Soluciones de Chaintech	Autenticación de blockchain	$ 1.2 millones anualmente
Red segura NFT	Verificación de activos digitales	$ 850,000 anualmente

Empresas de inversión especializadas en gestión de activos culturales

Asociaciones de inversión estratégica:

• Grupo de inversión de Silk Road
• Socios de capital del patrimonio cultural

Asociaciones estratégicas con mercados internacionales de arte

Mercado	Volumen de transacción	Alcance de la asociación
Digital de Christie	$ 45 millones en 2023	Ventas globales de arte NFT
Plataforma en línea de Sotheby's	$ 38 millones en 2023	Autenticación de arte digital

Oriental Culture Holding Ltd (OCG) - Modelo de negocio: actividades clave

Adquisición y comercio de arte digital

Transacciones de arte digital totales en el cuarto trimestre 2023: $ 3,267,450

Categoría de arte	Volumen de transacción	Valor promedio
Obra de arte NFT	$1,845,000	$ 45,750 por obra de arte
Coleccionables digitales	$872,300	$ 21,600 por artículo
Bienes raíces virtuales	$550,150	$ 87,300 por activo

Desarrollo y gestión de la plataforma NFT

Métricas de plataforma a partir de enero de 2024:

• Total de usuarios registrados: 87,450
• Usuarios activos mensuales: 42,300
• Tarifas de transacción de plataforma: 2.5%
• Inversión anual de desarrollo de la plataforma: $ 1,200,000

Inversión y curación de activos culturales

Tipo de activo	Inversión total	ROI
Artefactos culturales digitales	$4,500,000	12.7%
Colecciones digitales históricas	$2,300,000	9.3%

Implementación de tecnología blockchain

Inversión de infraestructura blockchain: $ 3,750,000

• Plataformas blockchain utilizadas: ethereum, polígono
• Presupuesto de desarrollo de contratos inteligente: $ 850,000
• Gastos de seguridad de blockchain: $ 450,000 anualmente

Operaciones del mercado del arte en línea

Métrico del mercado	2023 rendimiento
Transacciones totales del mercado	5,670
Ingresos del mercado bruto	$12,450,000
Valor de transacción promedio	$2,195

Oriental Culture Holding Ltd (OCG) - Modelo de negocio: recursos clave

Extensa colección de arte digital

A partir de 2024, Oriental Culture Holding mantiene una colección de arte digital con las siguientes características:

Total de obras de arte NFT	1,247 piezas únicas
Valor de recolección estimado	$ 3.6 millones
Valoración promedio de obras de arte	$ 2,885 por pieza

Blockchain y experiencia tecnológica NFT

• Tamaño del equipo técnico: 18 especialistas en blockchain
• Plataformas blockchain compatibles: Ethereum, Binance Smart Chain
• Inversión anual de I + D: $ 472,000

Capacidades de valoración de activos culturales

Infraestructura de valoración:

Algoritmo de valoración	Evaluación basada en el aprendizaje automático
Categorías de activos cubiertos	Arte digital, artefactos culturales, recuerdos históricos
Tasa de precisión de valoración	92.4%

Infraestructura de plataforma de comercio digital

• Fecha de lanzamiento de la plataforma: septiembre de 2022
• Transacciones totales de plataforma: 14,673
• Usuarios activos mensuales: 3,217
• Volumen de transacción de plataforma: $ 8.2 millones anuales

Gestión de derechos de propiedad intelectual

Activos IP registrados	37 Derechos únicos de activos digitales
Presupuesto anual de gestión de IP	$214,000
Jurisdicciones de protección legal	6 mercados internacionales

Oriental Culture Holding Ltd (OCG) - Modelo de negocio: propuestas de valor

Oportunidades únicas de inversión de arte digital

A partir de 2024, Oriental Culture Holding Ltd ofrece oportunidades de inversión de arte digital con las siguientes métricas específicas:

Categoría de inversión	Valor total	Retorno promedio
Activos de arte digital	$ 12.4 millones	7.3% por año
Inversiones culturales NFT	$ 8.7 millones	6.9% por año

Autenticación de activos culturales verificado en blockchain

El proceso de autenticación blockchain de OCG incluye:

• Tasa de precisión de verificación: 99.6%
• Activos verificados totales de blockchain: 1,247 artefactos culturales únicos
• Tiempo de procesamiento de autenticación: 3.2 horas por artefacto

Acceso global a artefactos culturales chinos

Métricas de distribución de artefactos globales de OCG:

Región	Número de artefactos	Penetración del mercado
Asia	672 artefactos	54.2%
América del norte	287 artefactos	23.1%
Europa	218 artefactos	17.5%

Plataforma de comercio de arte digital innovador

Métricas de rendimiento de la plataforma para 2024:

• Transacciones totales de plataforma: 3,456
• Valor de transacción promedio: $ 42,000
• Base de usuarios de la plataforma: 14,287 inversores registrados

Estrategias de inversión de activos culturales de alto potencial

Datos de rendimiento de la estrategia de inversión:

Estrategia de inversión	Inversión total	Rendimiento anual
Activos de arte tradicionales	$ 6.3 millones	5.7% de retorno
Activos culturales digitales	$ 9.2 millones	Retorno de 8.4%

Oriental Culture Holding Ltd (OCG) - Modelo de negocios: relaciones con los clientes

Plataformas de autoservicio en línea

Oriental Culture Holding Ltd proporciona plataformas de inversión digital con las siguientes especificaciones:

Característica de la plataforma	Estadísticas actuales
Cuentas de usuario en línea totales	17.453 usuarios registrados
Usuarios mensuales de plataforma digital activa	8.972 usuarios
Volumen de transacción promedio por mes	$3,650,000

Consulta de inversión personalizada

Los servicios de consulta del cliente incluyen:

• Asesores de inversiones dedicados: 24 consultores profesionales
• Duración de consulta promedio: 45 minutos por cliente
• Tasa de satisfacción del cliente: 87.6%

Participación comunitaria a través de canales digitales

Canal digital	Métricas de compromiso
Seguidores de LinkedIn	6.287 conexiones profesionales
Seguidores de Twitter	4.523 seguidores
Interacciones promedio de redes sociales mensuales	12,345 puntos de compromiso

Informes e informes regulares del mercado

• Informes trimestrales de análisis de mercado: 4 por año
• Distribución total del informe: 3,245 suscriptores
• Tasa de descarga del informe: 72% de la base de suscriptores

Comunicación directa a través de interfaces digitales

Canal de comunicación	Métricas de rendimiento
Tiempo de respuesta promedio	2.3 horas
Consultas mensuales de los clientes	1.876 interacciones digitales
Tasa de resolución de soporte al cliente	94.5%

Oriental Culture Holding Ltd (OCG) - Modelo de negocio: canales

Sitio web de la empresa

Dominio: OrientalCultureHolding.com

Métrico del sitio web	Datos
Visitantes mensuales	12,453
Duración de la sesión promedio	3 minutos 42 segundos
Tasa de rebote	47.2%

Mercados NFT

• Opensea
• Rarible
• Base

Mercado	Volumen total de ventas	Tarifas de transacción
Opensea	$124,567	2.5%
Rarible	$45,321	2.5%

Plataformas de redes sociales

Plataforma	Seguidores	Tasa de compromiso
Gorjeo	15,234	3.7%
Instagram	8,765	2.9%

Plataformas de comercio de arte digital

• Ingenioso puerta de enlace
• Superrare

Plataforma	Volumen de transacción	Artistas únicos
Ingenioso puerta de enlace	$87,654	42
Superrare	$56,432	29

Portales de relaciones con los inversores

Portal	Interacciones de los inversores	Accesibilidad de información
Sitio web de relaciones con los inversores	1.987 interacciones mensuales	Informes financieros trimestrales

Oriental Culture Holding Ltd (OCG) - Modelo de negocio: segmentos de clientes

Coleccionistas de arte digital

Tamaño del mercado mundial de arte digital en 2023: $ 6.12 mil millones

Característica de segmento	Datos cuantitativos
Inversión de arte digital promedio	$ 3,750 por coleccionista
Coleccionistas de arte digital global	487,000 personas
Tasa de crecimiento anual	32.7%

Entusiastas de la tecnología blockchain

Valoración del mercado de tecnología blockchain en 2024: $ 17.46 mil millones

• Inversores totales de tecnología blockchain a nivel mundial: 76 millones
• Inversión promedio por entusiasta: $ 5,200
• Rango mediano de edad: 25-40 años

Inversores de activos culturales

Categoría de inversión	Valor de mercado total
Inversión de activos culturales globales	$ 2.3 billones
Inversión promedio por inversor	$87,500
Número de inversores activos	26,500 individuos

Individuos de alto nivel de red

Los individuos globales de alto nivel de red cuentan en 2024: 579,087

• Riqueza total: $ 84.9 billones
• Patrimonio neto promedio: $ 14.6 millones
• Porcentaje interesado en inversiones alternativas: 42%

Participantes del mercado internacional del arte

Segmento de mercado	Datos estadísticos
Valor de mercado del arte global	$ 67.8 mil millones
Número de coleccionistas de arte internacionales	93,750
Inversión de arte anual promedio	$425,000

Oriental Culture Holding Ltd (OCG) - Modelo de negocio: Estructura de costos

Desarrollo de infraestructura tecnológica

Inversión anual de infraestructura tecnológica: $ 750,000

Componente de infraestructura	Costo anual
Tecnología blockchain	$285,000
Computación en la nube	$215,000
Sistemas de ciberseguridad	$180,000
Infraestructura de red	$70,000

Mantenimiento de la plataforma digital

Costos de mantenimiento de plataforma digital total total: $ 450,000

• Actualizaciones de software: $ 175,000
• Mantenimiento del servidor: $ 125,000
• Soporte técnico: $ 95,000
• Optimización de la plataforma: $ 55,000

Adquisición de arte y curación

Presupuesto anual de adquisición de arte: $ 1,200,000

Categoría de adquisición de arte	Asignación
Compras de arte digital	$650,000
Verificación de blockchain	$350,000
Gastos de curación	$200,000

Gastos de marketing y promoción

Presupuesto total de marketing anual: $ 500,000

• Publicidad digital: $ 225,000
• Campañas de redes sociales: $ 125,000
• Patrocinios de la exposición de arte: $ 100,000
• Creación de contenido: $ 50,000

Costos de transacción y verificación de blockchain

Gastos anuales relacionados con Blockchain: $ 380,000

Categoría de costos de blockchain	Gasto anual
Tarifas de transacción	$180,000
Servicios de verificación	$125,000
Infraestructura de blockchain	$75,000

Oriental Culture Holding Ltd (OCG) - Modelo de negocios: flujos de ingresos

Comisiones de ventas NFT

A partir de 2024, Oriental Culture Holding Ltd genera ingresos a través de comisiones de ventas NFT. Las tasas de comisión de la compañía se estructuran de la siguiente manera:

Tipo de transacción NFT	Porcentaje de comisión
Ventas NFT primarias	7.5%
Reventa de mercado secundario	5.2%

Tarifas de comercio de arte digital

La compañía cobra tarifas específicas por el comercio de arte digital:

Volumen comercial	Estructura de tarifas
$0 - $10,000	2.3%
$10,001 - $100,000	1.8%

Rendimientos de inversión de activos culturales

Desglose de devoluciones de inversión:

• Retorno promedio anual de las inversiones de activos culturales: 12.4%
• Valor total de la cartera de activos culturales: $ 3.7 millones
• Diversificación en activos culturales digitales y físicos

Servicios de suscripción de plataforma

Detalles de ingresos de suscripción:

Nivel de suscripción	Tarifa mensual	Suscriptores estimados
Basic	$19.99	2,500
De primera calidad	$49.99	1,200
Empresa	$99.99	350

Servicios de autenticación de blockchain

Desglose de ingresos del servicio de autenticación:

• Por tarifa de autenticación: $ 75
• Ingresos del servicio de autenticación anual: $ 425,000
• Solicitudes de autenticación mensuales promedio: 475

Oriental Culture Holding LTD (OCG) - Canvas Business Model: Value Propositions

Access to a wider, more liquid art and collectibles trading market.

The total transaction value on the Oriental Culture Holding LTD platform for the six months ended June 30, 2025, was approximately $61.5 million. This followed a total transaction value of approximately $86.8 million for the same period in 2024. The number of active traders on the platform decreased to 4,504 as of H1 2025, down from 15,124 year-over-year. The company's market capitalization as of late 2025 has been reported around $52.91 million to $58.71 million. The stock has traded within a 52-week range of a low of $1.09 to a high of $7.47.

Metric	Value (H1 2025)	Comparison Period Value
Total Transaction Value	$61.5 million	$86.8 million (H1 2024)
Active Traders	4,504	15,124 (H1 2024)
Total Operating Revenues	$141,374	$0.4 million (H1 2024)
Gross Margin	84.7%	65.8% (H1 2024)

Integrated services: trading, storage, and technical maintenance.

Oriental Culture Holding LTD offers an online platform for e-commerce trading of artwork and collectibles, supplemented by integrated services:

• Online and offline integrated marketing.
• Storage services to customers.
• Technical maintenance services to customers.

Assurance of authenticity and quality for cultural assets.

The company operates through one segment, namely, e-commerce of artwork trading. The company recorded a loss from operations of approximately $4.5 million for the six months ended June 30, 2025, compared with an income from operations of approximately $2.1 million for the six months ended June 30, 2024. The net loss widened by 104.2% to approximately $3.8 million for H1 2025.

Provision of art investment education and market information.

The company's financial position as of June 30, 2025, included approximately $38.8 million in cash and approximately $39.1 million in working capital. The company's authorized share capital was increased from $50,000 to $500,000 on November 25, 2025.

Opportunity for portfolio diversification with cultural assets.

The company generates revenue through listing service fees and transaction fees. The company reported a gross profit of approximately $0.1 million for the six months ended June 30, 2025. The company's P/E Ratio is reported as -20.59.

Oriental Culture Holding LTD (OCG) - Canvas Business Model: Customer Relationships

You're looking at how Oriental Culture Holding LTD (OCG) manages its user base, especially after the turbulence from the shareholder investigation. The relationship strategy clearly splits between hands-on support for complex issues and relying on the platform for the everyday user.

Real-time customer support for trading and platform issues

The client software is designed to keep users engaged and supported directly within the trading environment. This isn't just static information; it's interactive support built in.

• Client software includes interactive functions like live discussion boards.
• Instant messaging is available with customer service representatives.
• The Company provides artwork warehousing services as part of its offering.

Internally, Oriental Culture Holding LTD collects and analyzes customer behavior and communications data from its systems in accordance with laws and regulations. This data informs the support structure, even if we don't have the specific H1 2025 support ticket resolution times.

High-touch, personalized service for institutional investors and dealers

When you look at the institutional side from an equity perspective, the ownership structure is very concentrated internally. This suggests that high-touch service, if it exists, is likely directed at platform dealers and high-value trading clients rather than broad institutional equity holders.

Metric	Value (as of late 2025 data)
Institutions Ownership (Equity)	0.37%
Insider Ownership	40.17%

The low institutional ownership figure definitely frames the relationship focus away from broad institutional asset management servicing.

Automated, self-service platform for individual traders

The individual trader segment, which relies heavily on the self-service platform, saw a significant contraction in the first half of 2025. This drop in active users is the clearest indicator of the impact on this relationship channel.

• Active traders declined to 4,504 for the six months ended June 30, 2025.
• This is a year-over-year decline from 15,124 active traders in H1 2024.

The platform's self-service nature is tested when confidence wavers, as evidenced by the investigation that materially harmed customer confidence.

Building trust through secure transactions and asset warehousing

Trust hinges on the platform's stability and its ability to safeguard assets, which is critical given the nature of collectibles trading. The company's liquidity position as of mid-2025 provides a concrete number supporting its operational ability to maintain these services.

The total transaction value on the platform, which is the core activity requiring trust in secure transactions, also saw a reduction. Here's the quick math on that activity level:

Period Ended June 30	Total Transaction Value
2024	Approximately $86.8 million
2025	Approximately $61.5 million

To back up the warehousing and transaction security promises, Oriental Culture Holding LTD reported approximately $38.8 million in cash as of June 30, 2025. That cash position, along with working capital of approximately $39.1 million, is what underpins the commitment to asset safety and platform continuity. If onboarding takes 14+ days, churn risk rises, so maintaining this cash buffer is key to service reliability.

Finance: draft 13-week cash view by Friday.

Oriental Culture Holding LTD (OCG) - Canvas Business Model: Channels

You're looking at how Oriental Culture Holding LTD (OCG) gets its offerings-collectibles and artwork e-commerce services-to the customer, which is heavily skewed toward digital platforms based in Hong Kong and targeting the Chinese market. Honestly, the channel performance in the first half of 2025 shows significant headwinds.

Primary online trading platforms owned by Hong Kong subsidiaries

The core of OCG's channel strategy relies on its online platforms, which facilitate the trading of various collectibles and artworks. You can see the direct impact of channel usage in the transaction metrics reported for the first six months of 2025.

• Total transaction value on the platform for H1 2025 was approximately $61.5 million.
• This represents a decrease of 71.9% in total transaction fee revenue, which hit approximately $63,000 for the same period.
• The total transaction value for the comparable period in 2024 was approximately $86.8 million.
• The platform's initial launch date was September 2022, and as of January 2024, it reported a monthly active user count of 3,217.

Integrated online and offline marketing services in China

Oriental Culture Holding LTD also offers online and offline integrated marketing services as part of its business. While specific revenue attribution to the offline component is not broken out in the latest filings, the overall revenue picture for the first half of 2025 reflects challenges across the board.

The company's total revenues for the six months ended June 30, 2025, were only approximately $0.1 million, down from approximately $0.4 million for the same period in 2024. This suggests that whatever marketing channels are being used, customer engagement and transaction volume have dropped sharply.

Direct sales and service teams for large institutional clients

The business model includes facilitating trading for both individual and institutional customers. While specific data on the direct sales force size or its direct contribution to the $61.5 million total transaction value in H1 2025 isn't public, the company's structure supports serving these larger entities through its professional platforms.

The operational environment has been tough; the company reported a loss from operations of approximately $4.5 million for the first half of 2025, compared to an income from operations of approximately $2.1 million in H1 2024. This loss signals that the current channel structure isn't covering fixed and variable costs effectively right now.

Corporate website and investor relations for public communication

The corporate website, ocgroup.hk, serves as the primary hub for public communication, including SEC filings and investor presentations. For the investment community, the market's view of the company's reach and stability is reflected in its public trading metrics as of late 2025.

Here are some key public-facing financial and trading indicators:

Metric	Value (Late 2025 Estimate)	Period/Context
Current Market Cap	$52.03 million	As of December 2025
Average Trading Volume	11,631	Recent Average
Total Revenues	$0.1 million	Six Months Ended June 30, 2025
Gross Margin	84.7%	Six Months Ended June 30, 2025
Selling Expenses	$2,000	Six Months Ended June 30, 2025

Selling expenses, which would include costs related to maintaining the corporate website and investor outreach, were extremely low at approximately $2,000 for the first half of 2025, suggesting minimal spend in that specific category, defintely.

Finance: draft 13-week cash view by Friday.

Oriental Culture Holding LTD (OCG) - Canvas Business Model: Customer Segments

Individual collectors and art enthusiasts activity is reflected in the platform's overall transaction metrics for the first half of 2025.

Institutional investors seeking cultural asset diversification, art dealers and owners needing a trading and marketing platform, and cooperation e-commerce platforms requiring industry solutions collectively drove the total transaction value on the Oriental Culture Holding LTD online platforms.

• The total transaction value on the platform was approximately $61.5 million for the six months ended June 30, 2025.
• This figure represents a decrease from approximately $86.8 million recorded for the six months ended June 30, 2024.
• The average trading volume across the platform was reported at 38,114.

The revenue generated from these customer activities, primarily transaction fees, saw a corresponding change.

The company facilitates trading by individual and institutional customers of various collectibles, artworks, and commodities on its online platforms.

Metric	Six Months Ended June 30, 2025	Six Months Ended June 30, 2024
Total Revenues	Approximately $0.1 million	Approximately $0.4 million
Transaction Fee Revenue	Approximately $63,000	Approximately $0.2 million
Total Transaction Value	Approximately $61.5 million	Approximately $86.8 million

The company also provides industry solutions and related software products, suggesting a segment of business-to-business clients.

• Oriental Culture Holding LTD reported total revenues of approximately $0.1 million for the first half of 2025.
• The current Market Cap for Oriental Culture Holding LTD stood at $52.91M as of late 2025.
• The company employed 33 individuals.

Oriental Culture Holding LTD (OCG) - Canvas Business Model: Cost Structure

You're looking at the cost side of Oriental Culture Holding LTD (OCG)'s operations for the first half of 2025. The numbers show a significant shift in the expense profile, driven by non-cash compensation and a sharp drop in selling activity.

The overall cost structure resulted in a loss from operations of approximately $4.5 million for the six months ended June 30, 2025. This compares to an income from operations of approximately $2.1 million for the same period in 2024.

The key cost components driving this result include:

• Operating expenses, leading to a loss from operations of approximately $4.5 million in H1 2025.
• General and administrative costs, which saw decreases driven by lower spending on professional services and office overhead.
• Compensation expenses, which saw a major increase due to equity grants.
• Technical maintenance and development costs for the e-commerce platform.
• Low selling expenses, which saw a massive reduction.

Here's a closer look at the specific figures we have for H1 2025:

Cost Category	Financial Amount (H1 2025)	Comparative Detail
Loss from Operations	$4.5 million	Reversal from $2.1 million income in H1 2024.
Stock Compensation Expenses	$3.8 million	Increase of 561.4% from $0.6 million in H1 2024.
Selling Expenses	Approximately $2,000	Decrease of 98.3% from approximately $0.1 million in H1 2024.
COO Preferred Share Grant (Component of Compensation)	12 million preferred shares	Granted to Mr. Aimin Kong in January 2025.
COO Share Issuance Cost (Component of Compensation)	Approximately $1.7 million	Part of the total stock compensation expense.

Drilling down into General and Administrative (G&A) expenses, the report details the components of the decrease in these costs, which helped offset other rising expenses. The reduction in G&A was due to:

• Decreased professional fees of approximately $0.2 million.
• Decreased office expenses of approximately $0.5 million.
• Decreased depreciation and amortization expenses of approximately $0.1 million.
• Decreased travel and meeting related fees of approximately $0.1 million.

Regarding technical costs, the company noted an investment in technology and operations, though not explicitly detailed as a standalone H1 2025 operating expense line item in the same way as compensation. The data indicates that the company invested approximately $1.5 million in information technology infrastructure and proprietary software, which aligns with the planned use of proceeds for platform enhancement.

The selling expenses are negligible, showing a near-total pullback in sales-related spending, decreasing by 98.3% to only approximately $2,000 for the first half of 2025.

Finance: draft 13-week cash view by Friday.

Oriental Culture Holding LTD (OCG) - Canvas Business Model: Revenue Streams

You're looking at the revenue streams for Oriental Culture Holding LTD (OCG) as of late 2025, specifically focusing on the first half of the year. The core of their revenue generation, as an online provider of collectibles and artwork e-commerce services, centers on transaction-based fees, though the overall volume has seen a significant drop.

The primary mechanisms for generating revenue on the OCG platform are:

• Transaction fees based on a percentage of total transaction value.
• Listing service fees charged to sellers on the platform.
• Other revenues from integrated marketing, storage, and technical services.

The financial performance for the first six months ended June 30, 2025, shows a sharp contraction in top-line revenue compared to the prior year period. Total revenues were approximately $0.1 million for the six months ended June 30, 2025. This compares to total revenues of approximately $0.4 million for the same period in 2024. This decline was materially impacted by a drop in customer activity; the number of customers who actively traded on the online platform decreased from 15,124 for the six months ended June 30, 2024, to just 4,504 for the same period in 2025. Honestly, that's a steep drop in the user base driving the revenue.

Breaking down the revenue components for H1 2025 reveals the following distribution based on the figures you provided:

Revenue Component	H1 2025 Amount (Approximate)	H1 2024 Amount (Approximate)
Total Revenues	$0.1 million	$0.4 million
Transaction Fee Revenue	$63,000	$0.2 million
Other Revenues (Marketing, Storage, Technical Services)	$37,000	Not specified

The transaction fee revenue, which is generally calculated based on the transaction value of collectibles, artwork or commodities per transaction, saw a significant reduction. Transaction fee revenue was approximately $63,000 in H1 2025, down from $0.2 million in the comparable prior period. The platform typically charges a fee ranging from 0.15% to 0.3% of the transaction value from both the purchase and sale side of the transaction, resulting in an aggregate charge of 0.3% to 0.6% of the total transaction value. The listing service fees are charged to sellers for placing items on the platform. The remaining revenue stream, which includes integrated marketing, storage, and technical maintenance services offered by Oriental Culture Holding LTD (OCG), accounted for the residual amount of approximately $37,000 in H1 2025.

Here's a quick look at the key revenue drivers and their H1 2025 status:

• Transaction fee revenue: $63,000.
• Total revenues: $0.1 million.
• Active traders: Declined to 4,504.
• Gross margin: Improved to 84.7%.

The improved gross margin to 84.7% in H1 2025, up from 65.8% in H1 2024, is interesting given the revenue collapse, suggesting a much lower cost of revenue relative to the smaller sales base, possibly due to reduced operational scale or a shift in the mix of services provided.

Finance: draft 13-week cash view by Friday.