Cultura Oriental Holding Ltd (OCG): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Na interseção dinâmica de arte, tecnologia e patrimônio cultural, a Cultura Oriental Holding Ltd (OCG) surge como uma plataforma inovadora que revoluciona o investimento em arte digital e o gerenciamento de ativos culturais. Ao misturar perfeitamente a tecnologia blockchain com a curadoria de arte tradicional, o OCG oferece aos investidores e entusiastas da arte uma porta de entrada sem precedentes para os artefatos culturais chineses, transformando como percebemos, autenticamos e comercializamos arte digital no mercado global. Esse modelo de negócios inovador representa um salto ousado para o futuro do investimento em ativos culturais, onde a verificação digital atende à preservação artística.

Cultura Oriental Holding Ltd (OCG) - Modelo de negócios: Parcerias -chave

Colaboração com instituições de arte e cultura chinesas

A partir de 2024, o OCG estabeleceu parcerias com as seguintes instituições:

Instituição	Detalhes da parceria	Ano estabelecido
Museu Nacional da China	Preservação de arte digital e tokenização NFT	2022
Museu de Arte de Xangai	Integração de plataforma de exposição online	2023

Plataformas digitais para negociação de arte on -line e exposições

As parcerias de plataforma digital da OCG incluem:

• Plataforma Global Artchain
• Digital Art Exchange (DAE)
• Blockchain Art Marketplace

Provedores de tecnologia para infraestrutura de blockchain e NFT

Provedor de tecnologia	Suporte de infraestrutura	Valor do contrato
Soluções da CHANTECH	Autenticação de blockchain	US $ 1,2 milhão anualmente
Rede Segura da NFT	Verificação de ativos digitais	US $ 850.000 anualmente

Empresas de investimento especializadas em gerenciamento de ativos culturais

Parcerias de investimento estratégico:

• Grupo de investimento de seda na estrada
• Parceiros de capital do patrimônio cultural

Parcerias estratégicas com mercados internacionais de arte

Marketplace	Volume de transação	Escopo da parceria
Christie's Digital	US $ 45 milhões em 2023	Vendas globais de arte da NFT
A plataforma on -line da Sotheby	US $ 38 milhões em 2023	Autenticação de arte digital

Cultura Oriental Holding Ltd (OCG) - Modelo de negócios: Atividades -chave

Aquisição e negociação de arte digital

Total de transações de arte digital no quarto trimestre 2023: $ 3.267.450

Categoria de arte	Volume de transação	Valor médio
Obra de arte da NFT	$1,845,000	US $ 45.750 por obra de arte
Colecionáveis ​​digitais	$872,300	US $ 21.600 por item
Imóveis virtuais	$550,150	US $ 87.300 por ativo

Desenvolvimento e Gerenciamento da Plataforma NFT

Métricas da plataforma em janeiro de 2024:

• Total de usuários registrados: 87.450
• Usuários ativos mensais: 42.300
• Taxas de transação da plataforma: 2,5%
• Investimento anual de desenvolvimento de plataformas: US $ 1.200.000

Investimento de ativos culturais e curadoria

Tipo de ativo	Investimento total	ROI
Artefatos culturais digitais	$4,500,000	12.7%
Coleções digitais históricas	$2,300,000	9.3%

Implementação de tecnologia blockchain

Investimento de infraestrutura de blockchain: US $ 3.750.000

• Plataformas blockchain utilizadas: Ethereum, Polygon
• Orçamento de desenvolvimento de contratos inteligentes: US $ 850.000
• Despesas de segurança de blockchain: US $ 450.000 anualmente

Operações de mercado de arte on -line

Marketplace Metric	2023 desempenho
Transações totais do mercado	5,670
Receita bruta do mercado	$12,450,000
Valor médio da transação	$2,195

Cultura Oriental Holding Ltd (OCG) - Modelo de negócios: Recursos -chave

Extensa coleção de arte digital

A partir de 2024, a Oriental Culture Holding mantém uma coleção de arte digital com as seguintes características:

Total de obras de arte da NFT	1.247 peças únicas
Valor estimado de coleta	US $ 3,6 milhões
Avaliação média de obras de arte	US $ 2.885 por peça

Blockchain e conhecimento tecnológico da NFT

• Tamanho da equipe técnica: 18 especialistas em blockchain
• Plataformas blockchain suportadas: Ethereum, Binance Smart Chain
• Investimento anual de P&D: US $ 472.000

Capacidades de avaliação de ativos culturais

Infraestrutura de avaliação:

Algoritmo de avaliação proprietária	Avaliação baseada em aprendizado de máquina
Categorias de ativos cobertas	Arte digital, artefatos culturais, recordações históricas
Taxa de precisão da avaliação	92.4%

Infraestrutura da plataforma de negociação digital

• Data de lançamento da plataforma: setembro de 2022
• Transações totais da plataforma: 14.673
• Usuários ativos mensais: 3.217
• Volume da transação da plataforma: US $ 8,2 milhões anualmente

Gestão de direitos de propriedade intelectual

Ativos IP registrados	37 direitos de ativo digital exclusivos
Orçamento anual de gerenciamento de IP	$214,000
Jurisdições de proteção legal	6 mercados internacionais

Cultura Oriental Holding Ltd (OCG) - Modelo de Negócios: Proposições de Valor

Oportunidades exclusivas de investimento em arte digital

A partir de 2024, a Oriental Culture Holding Ltd oferece oportunidades de investimento em arte digital com as seguintes métricas específicas:

Categoria de investimento	Valor total	Retorno médio
Ativos de arte digital	US $ 12,4 milhões	7,3% ao ano
Investimentos culturais da NFT	US $ 8,7 milhões	6,9% ao ano

Autenticação de ativos culturais verificados em blockchain

O processo de autenticação blockchain do OCG inclui:

• Taxa de precisão de verificação: 99,6%
• Total de ativos verificados em blockchain: 1.247 artefatos culturais únicos
• Tempo de processamento de autenticação: 3,2 horas por artefato

Acesso global a artefatos culturais chineses

Métricas de distribuição de artefato global do OCG:

Região	Número de artefatos	Penetração de mercado
Ásia	672 artefatos	54.2%
América do Norte	287 artefatos	23.1%
Europa	218 artefatos	17.5%

Plataforma inovadora de negociação de arte digital

Métricas de desempenho da plataforma para 2024:

• Transações totais da plataforma: 3.456
• Valor médio da transação: $ 42.000
• Base de usuário da plataforma: 14.287 investidores registrados

Estratégias de investimento em ativos culturais de alto potencial

Dados de desempenho da estratégia de investimento:

Estratégia de investimento	Investimento total	Desempenho anual
Ativos de arte tradicionais	US $ 6,3 milhões	5,7% de retorno
Ativos culturais digitais	US $ 9,2 milhões	8,4% de retorno

Cultura Oriental Holding Ltd (OCG) - Modelo de Negócios: Relacionamentos do Cliente

Plataformas de autoatendimento on-line

O Oriental Culture Holding Ltd fornece plataformas de investimento digital com as seguintes especificações:

Recurso da plataforma	Estatísticas atuais
Total de contas de usuário online	17.453 usuários registrados
Usuários mensais de plataforma digital ativa	8.972 usuários
Volume médio de transação por mês	$3,650,000

Consulta de investimento personalizado

Os serviços de consulta ao cliente incluem:

• Advisores de investimentos dedicados: 24 consultores profissionais
• Duração média da consulta: 45 minutos por cliente
• Taxa de satisfação do cliente: 87,6%

Engajamento da comunidade através de canais digitais

Canal digital	Métricas de engajamento
Seguidores do LinkedIn	6.287 conexões profissionais
Seguidores do Twitter	4.523 seguidores
Interações médias de mídia social mensal	12.345 pontos de noivado

Insights e relatórios regulares de mercado

• Relatórios trimestrais de análise de mercado: 4 por ano
• Distribuição total do relatório: 3.245 assinantes
• Taxa de download de relatório: 72% da base de assinantes

Comunicação direta via interfaces digitais

Canal de comunicação	Métricas de desempenho
Tempo médio de resposta	2,3 horas
Consultas mensais do cliente	1.876 interações digitais
Taxa de resolução de suporte ao cliente	94.5%

Cultura Oriental Holding Ltd (OCG) - Modelo de Negócios: Canais

Site da empresa

Domínio: OrientalCultureholding.com

Métrica do site	Dados
Visitantes mensais	12,453
Duração média da sessão	3 minutos 42 segundos
Taxa de rejeição	47.2%

Mercados de NFT

• OpenSea
• Rarível
• Fundação

Marketplace	Volume total de vendas	Taxas de transação
OpenSea	$124,567	2.5%
Rarível	$45,321	2.5%

Plataformas de mídia social

Plataforma	Seguidores	Taxa de engajamento
Twitter	15,234	3.7%
Instagram	8,765	2.9%

Plataformas de negociação de arte digital

• Nifty Gateway
• Superrare

Plataforma	Volume de transação	Artistas únicos
Nifty Gateway	$87,654	42
Superrare	$56,432	29

Portais de Relações com Investidores

Portal	Interações do investidor	Acessibilidade da informação
Site de Relações com Investidores	1.987 interações mensais	Relatórios financeiros trimestrais

Cultura Oriental Holding Ltd (OCG) - Modelo de negócios: segmentos de clientes

Coletores de arte digital

Tamanho do mercado de arte digital global em 2023: US $ 6,12 bilhões

Característica do segmento	Dados quantitativos
Investimento de arte digital média	US $ 3.750 por colecionador
Coletores de arte digital global	487.000 indivíduos
Taxa de crescimento anual	32.7%

Entusiastas da tecnologia blockchain

Avaliação do mercado de tecnologia blockchain em 2024: US $ 17,46 bilhões

• Total Blockchain Technology Investors globalmente: 76 milhões
• Investimento médio por entusiasta: US $ 5.200
• Faixa etária mediana: 25-40 anos

Investidores de ativos culturais

Categoria de investimento	Valor total de mercado
Investimento global de ativos culturais	US $ 2,3 trilhões
Investimento médio por investidor	$87,500
Número de investidores ativos	26.500 indivíduos

Indivíduos de alta rede

Indivíduos globais de alta rede contam em 2024: 579.087

• Riqueza total: US $ 84,9 trilhões
• Patrimônio líquido médio: US $ 14,6 milhões
• Porcentagem interessada em investimentos alternativos: 42%

Participantes do mercado de arte internacional

Segmento de mercado	Dados estatísticos
Valor global de mercado de arte	US $ 67,8 bilhões
Número de coletores de arte internacionais	93,750
Investimento de arte anual média	$425,000

Cultura Oriental Holding Ltd (OCG) - Modelo de negócios: estrutura de custos

Desenvolvimento de infraestrutura tecnológica

Investimento anual de infraestrutura de tecnologia: US $ 750.000

Componente de infraestrutura	Custo anual
Tecnologia Blockchain	$285,000
Computação em nuvem	$215,000
Sistemas de segurança cibernética	$180,000
Infraestrutura de rede	$70,000

Manutenção da plataforma digital

Custos anuais de manutenção da plataforma digital total: US $ 450.000

• Atualizações de software: US $ 175.000
• Manutenção do servidor: US $ 125.000
• Suporte técnico: US $ 95.000
• Otimização da plataforma: US $ 55.000

Aquisição e curadoria de arte

Orçamento anual de aquisição de arte: US $ 1.200.000

Categoria de aquisição de arte	Alocação
Compras de arte digital	$650,000
Verificação de blockchain	$350,000
Despesas de curadoria	$200,000

Despesas de marketing e promocionais

Orçamento anual total de marketing: US $ 500.000

• Publicidade digital: US $ 225.000
• Campanhas de mídia social: US $ 125.000
• Patrocínios da Exposição de Arte: US $ 100.000
• Criação de conteúdo: US $ 50.000

Custos de transação e verificação blockchain

Despesas anuais relacionadas à blockchain: US $ 380.000

Categoria de custo de blockchain	Despesas anuais
Taxas de transação	$180,000
Serviços de verificação	$125,000
Infraestrutura de blockchain	$75,000

Cultura Oriental Holding Ltd (OCG) - Modelo de negócios: fluxos de receita

Comissões de vendas da NFT

A partir de 2024, a Oriental Culture Holding Ltd gera receita por meio de comissões de vendas da NFT. As taxas de comissão da empresa estão estruturadas da seguinte forma:

Tipo de transação NFT	Porcentagem de comissão
Vendas primárias da NFT	7.5%
Revalia do mercado secundário	5.2%

Taxas de negociação de arte digital

A empresa cobra taxas específicas para negociação de arte digital:

Volume de negociação	Estrutura de taxas
$0 - $10,000	2.3%
$10,001 - $100,000	1.8%

Retornos de investimento de ativos culturais

Retorno de retornos de investimento:

• Retorno médio anual sobre investimentos em ativos culturais: 12,4%
• Valor da portfólio de ativos culturais totais: US $ 3,7 milhões
• Diversificação em ativos culturais digitais e físicos

Serviços de assinatura da plataforma

Detalhes da receita de assinatura:

Camada de assinatura	Taxa mensal	Assinantes estimados
Basic	$19.99	2,500
Premium	$49.99	1,200
Empresa	$99.99	350

Serviços de autenticação de blockchain

Autenticação Receita do Serviço de Autenticação:

• Por taxa de autenticação: $ 75
• Receita anual do serviço de autenticação: US $ 425.000
• Pedidos médios mensais de autenticação: 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.