Oriental Culture Holding Ltd (OCG): Business Model Canvas [Jan-2025 Mise à jour]

Dans l'intersection dynamique de l'art, de la technologie et du patrimoine culturel, Oriental Culture Holding Ltd (OCG) émerge comme une plate-forme révolutionnaire révolutionnant l'investissement en art numérique et la gestion des actifs culturels. En mélangeant parfaitement la technologie de la blockchain avec la conservation traditionnelle de l'art, l'OCG offre aux investisseurs et aux amateurs d'art une passerelle sans précédent vers des artefacts culturels chinois, en transformant la façon dont nous percevons, authentifions et échangeons l'art numérique sur le marché mondial. Ce modèle commercial innovant représente un saut audacieux dans l'avenir de l'investissement des actifs culturels, où la vérification numérique répond à la préservation artistique.

Oriental Culture Holding Ltd (OCG) - Modèle d'entreprise: partenariats clés

Collaboration avec des institutions d'art et culturel chinois

En 2024, OCG a établi des partenariats avec les institutions suivantes:

Institution	Détails du partenariat	Année établie
Musée national de Chine	Préservation de l'art numérique et tokenisation NFT	2022
Musée d'art Shanghai	Intégration de la plate-forme d'exposition en ligne	2023

Plateformes numériques pour le trading d'art en ligne et les expositions

Les partenariats de plate-forme numérique de l'OCG comprennent:

• Artchain Global Plateforme
• Exchange d'art numérique (DAE)
• Marché de l'art blockchain

Fournisseurs de technologie pour la blockchain et les infrastructures NFT

Fournisseur de technologie	Soutien aux infrastructures	Valeur du contrat
Solutions de Chainech	Authentification de la blockchain	1,2 million de dollars par an
Réseau sécurisé NFT	Vérification des actifs numériques	850 000 $ par an

Des sociétés d'investissement spécialisés dans la gestion des actifs culturels

Partenariats d'investissement stratégiques:

• Groupe d'investissement sur la route de la soie
• Partners des capitaux du patrimoine culturel

Partenariats stratégiques avec les marchés internationaux de l'art

Marché	Volume de transaction	Portée du partenariat
Christie's Digital	45 millions de dollars en 2023	Ventes mondiales d'art NFT
Plateforme en ligne de Sotheby	38 millions de dollars en 2023	Authentification de l'art numérique

Oriental Culture Holding Ltd (OCG) - Modèle d'entreprise: Activités clés

Acquisition et échange d'art numérique

Total des transactions d'art numérique au quatrième trimestre 2023: 3 267 450 $

Catégorie d'art	Volume de transaction	Valeur moyenne
Œuvres d'art NFT	$1,845,000	45 750 $ par œuvre d'art
Objets de collection numériques	$872,300	21 600 $ par article
Immobilier virtuel	$550,150	87 300 $ par actif

Développement et gestion de la plate-forme NFT

Mesures de plate-forme en janvier 2024:

• Total des utilisateurs enregistrés: 87 450
• Utilisateurs actifs mensuels: 42 300
• Frais de transaction de plate-forme: 2,5%
• Investissement annuel sur le développement de la plate-forme: 1 200 000 $

Investissement et conservation des actifs culturels

Type d'actif	Investissement total	Retour de retour
Artefacts culturels numériques	$4,500,000	12.7%
Collections numériques historiques	$2,300,000	9.3%

Mise en œuvre de la technologie blockchain

Investissement d'infrastructure de blockchain: 3 750 000 $

• Plates-formes de blockchain utilisées: Ethereum, polygone
• Budget de développement de contrats intelligents: 850 000 $
• Dépenses de sécurité de la blockchain: 450 000 $ par an

Opérations du marché de l'art en ligne

Métrique du marché	Performance de 2023
Total des transactions sur le marché	5,670
Revenus sur le marché brut	$12,450,000
Valeur de transaction moyenne	$2,195

Oriental Culture Holding Ltd (OCG) - Modèle d'entreprise: Ressources clés

Échelle de collection d'art numérique

En 2024, Oriental Culture Holding maintient une collection d'art numérique avec les caractéristiques suivantes:

Total des œuvres d'art NFT	1 247 pièces uniques
Valeur de collecte estimée	3,6 millions de dollars
Évaluation moyenne des œuvres	2 885 $ par pièce

Expertise technologique de la blockchain et de la NFT

• Taille de l'équipe technique: 18 spécialistes de la blockchain
• Plates-formes de blockchain prises en charge: Ethereum, Binance Smart Chain
• Investissement annuel de R&D: 472 000 $

Capacités d'évaluation des actifs culturels

Infrastructure d'évaluation:

Algorithme d'évaluation propriétaire	Évaluation basée sur l'apprentissage automatique
Catégories d'actifs couverts	Art numérique, artefacts culturels, souvenirs historiques
Taux de précision d'évaluation	92.4%

Infrastructure de plate-forme de trading numérique

• Date de lancement de la plate-forme: septembre 2022
• Total des transactions de plate-forme: 14 673
• Utilisateurs actifs mensuels: 3 217
• Volume de transaction de plate-forme: 8,2 millions de dollars par an

Gestion des droits de la propriété intellectuelle

Actifs IP enregistrés	37 Droits d'actifs numériques uniques
Budget annuel de gestion de la propriété intellectuelle	$214,000
Juridictions de protection juridique	6 marchés internationaux

Oriental Culture Holding Ltd (OCG) - Modèle d'entreprise: propositions de valeur

Opportunités d'investissement en art numérique unique

Depuis 2024, Oriental Culture Holding Ltd offre des opportunités d'investissement en art numérique avec les mesures spécifiques suivantes:

Catégorie d'investissement	Valeur totale	Rendement moyen
Actifs d'art numérique	12,4 millions de dollars	7,3% par an
Investissements culturels NFT	8,7 millions de dollars	6,9% par an

Authentification des actifs culturels vérifiés en blockchain

Le processus d'authentification de la blockchain d'OCG comprend:

• Taux de précision de vérification: 99,6%
• Actifs Verifiés totaux en blockchain: 1 247 artefacts culturels uniques
• Temps de traitement de l'authentification: 3,2 heures par artefact

Accès mondial aux artefacts culturels chinois

Mesures de distribution des artefacts mondiaux de l'OCG:

Région	Nombre d'artefacts	Pénétration du marché
Asie	672 artefacts	54.2%
Amérique du Nord	287 artefacts	23.1%
Europe	218 artefacts	17.5%

Plateforme de trading d'art numérique innovante

Métriques de performance de la plate-forme pour 2024:

• Total des transactions de plate-forme: 3 456
• Valeur de transaction moyenne: 42 000 $
• Base d'utilisateurs de plate-forme: 14 287 investisseurs enregistrés

Stratégies d'investissement dans les actifs culturels élevés

Données de performance de la stratégie d'investissement:

Stratégie d'investissement	Investissement total	Performance annuelle
Actifs d'art traditionnels	6,3 millions de dollars	5,7% de rendement
Actifs culturels numériques	9,2 millions de dollars	8,4%

Oriental Culture Holding Ltd (OCG) - Modèle d'entreprise: relations avec les clients

Plateformes en libre-service en ligne

Oriental Culture Holding Ltd fournit des plateformes d'investissement numériques avec les spécifications suivantes:

Fonctionnalité de plate-forme	Statistiques actuelles
Comptes d'utilisateurs en ligne totaux	17 453 utilisateurs enregistrés
Utilisateurs mensuels de plate-forme numérique active	8 972 utilisateurs
Volume moyen des transactions par mois	$3,650,000

Consultation d'investissement personnalisée

Les services de consultation client comprennent:

• Conseillers en investissement dédié: 24 consultants professionnels
• Durée de consultation moyenne: 45 minutes par client
• Taux de satisfaction du client: 87,6%

Engagement communautaire à travers les canaux numériques

Canal numérique	Métriques d'engagement
LinkedIn adepte	6 287 connexions professionnelles
Abonnés Twitter	4 523 abonnés
Interactions mensuelles moyennes sur les réseaux sociaux	12 345 points de fiançailles

Informations et rapports réguliers du marché

• Rapports d'analyse du marché trimestriel: 4 par an
• Distribution totale du rapport: 3 245 abonnés
• Taux de téléchargement du rapport: 72% de la base des abonnés

Communication directe via des interfaces numériques

Canal de communication	Métriques de performance
Temps de réponse moyen	2,3 heures
Demandes de clients mensuels	1 876 interactions numériques
Taux de résolution du support client	94.5%

Oriental Culture Holding Ltd (OCG) - Modèle d'entreprise: canaux

Site Web de l'entreprise

Domaine: orientalcultureholding.com

Métrique du site Web	Données
Visiteurs mensuels	12,453
Durée moyenne de la session	3 minutes 42 secondes
Taux de rebond	47.2%

Marchés NFT

• Openesea
• Rariable
• Fondation

Marché	Volume total des ventes	Frais de transaction
Openesea	$124,567	2.5%
Rariable	$45,321	2.5%

Plateformes de médias sociaux

Plate-forme	Abonnés	Taux d'engagement
Gazouillement	15,234	3.7%
Instagram	8,765	2.9%

Plateformes de trading d'art numérique

• Passerelle astucieuse
• Superrare

Plate-forme	Volume de transaction	Artistes uniques
Passerelle astucieuse	$87,654	42
Superrare	$56,432	29

Portails de relations avec les investisseurs

Portail	Interactions des investisseurs	Accessibilité de l'information
Site Web de relations avec les investisseurs	1 987 interactions mensuelles	Rapports financiers trimestriels

Oriental Culture Holding Ltd (OCG) - Modèle d'entreprise: segments de clientèle

Collectionneurs d'art numérique

Taille mondiale du marché de l'art numérique en 2023: 6,12 milliards de dollars

Caractéristique du segment	Données quantitatives
Investissement moyen d'art numérique	3 750 $ par collection
Global Digital Art Collectors	487 000 personnes
Taux de croissance annuel	32.7%

Antariens de la technologie de la blockchain

Évaluation du marché de la technologie blockchain en 2024: 17,46 milliards de dollars

• Investisseurs totaux de technologie de la blockchain dans le monde: 76 millions
• Investissement moyen par passionné: 5 200 $
• Tranche d'âge médiane: 25 à 40 ans

Investisseurs d'actifs culturels

Catégorie d'investissement	Valeur marchande totale
Investissement mondial des actifs culturels	2,3 billions de dollars
Investissement moyen par investisseur	$87,500
Nombre d'investisseurs actifs	26 500 personnes

Individus à haute nette

Les individus mondiaux à haute naille compte en 2024: 579 087

• Total de richesse: 84,9 billions de dollars
• Valeur nette moyenne: 14,6 millions de dollars
• Pourcentage intéressé par des investissements alternatifs: 42%

Participants au marché de l'art international

Segment de marché	Données statistiques
Valeur marchande mondiale d'art	67,8 milliards de dollars
Nombre de collectionneurs d'art internationaux	93,750
Investissement artistique annuel moyen	$425,000

Oriental Culture Holding Ltd (OCG) - Modèle d'entreprise: Structure des coûts

Développement d'infrastructures technologiques

Investissement annuel sur les infrastructures technologiques: 750 000 $

Composant d'infrastructure	Coût annuel
Technologie de la blockchain	$285,000
Cloud computing	$215,000
Systèmes de cybersécurité	$180,000
Infrastructure réseau	$70,000

Maintenance de plate-forme numérique

Total des coûts de maintenance annuelle de la plate-forme numérique: 450 000 $

• Mises à jour logicielles: 175 000 $
• Maintenance du serveur: 125 000 $
• Support technique: 95 000 $
• Optimisation de la plate-forme: 55 000 $

Acquisition et conservation des arts

Budget annuel d'acquisition d'art: 1 200 000 $

Catégorie d'acquisition d'art	Allocation
Achats d'art numérique	$650,000
Vérification de la blockchain	$350,000
Frais de conservation	$200,000

Dépenses marketing et promotionnelles

Budget marketing annuel total: 500 000 $

• Publicité numérique: 225 000 $
• Campagnes sur les réseaux sociaux: 125 000 $
• Sponsors de l'exposition d'art: 100 000 $
• Création de contenu: 50 000 $

Coûts de transaction et de vérification de la blockchain

Dépenses annuelles liées à la blockchain: 380 000 $

Catégorie de coûts de blockchain	Dépenses annuelles
Frais de transaction	$180,000
Services de vérification	$125,000
Blockchain Infrastructure	$75,000

Oriental Culture Holding Ltd (OCG) - Modèle d'entreprise: Strots de revenus

Commissions de vente NFT

En 2024, Oriental Culture Holding Ltd génère des revenus grâce à des commissions de vente NFT. Les taux de commission de la société sont structurés comme suit:

Type de transaction NFT	Pourcentage de commission
Ventes de NFT primaires	7.5%
Resales du marché secondaire	5.2%

Frais de trading d'art numérique

La société facture des frais spécifiques pour le trading d'art numérique:

Volume de trading	Structure des frais
$0 - $10,000	2.3%
$10,001 - $100,000	1.8%

Rendements des investissements des actifs culturels

Répartition des rendements des investissements:

• Retour moyen annuel sur les investissements des actifs culturels: 12,4%
• Valeur du portefeuille des actifs culturels totaux: 3,7 millions de dollars
• Diversification à travers les atouts culturels numériques et physiques

Services d'abonnement à la plate-forme

Détails des revenus de l'abonnement:

Niveau d'abonnement	Frais mensuels	Abonnés estimés
Basic	$19.99	2,500
Prime	$49.99	1,200
Entreprise	$99.99	350

Services d'authentification blockchain

Répartition des revenus des services d'authentification:

• Par frais d'authentification: 75 $
• Revenus des services d'authentification annuels: 425 000 $
• Demandes d'authentification mensuelles moyennes: 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.