电讯盈科(00008)发布截至2025年6月30日止六个月的中期业绩，收益189.22亿港元，同比增加6.92%;股 东应占亏损4.45亿港元，同比收窄3.68%;每股基本亏损5.75港仙;拟派发中期股息每股9.77港仙。 Viu目前在东南亚、中东及南非等地的15个市场提供服务。截至2025年6月底，Viu的付费用户已达1,380 万名，其中在泰国、菲律宾及马来西亚的增长尤为突出。凭借其灵活的双轨收益模式，Viu致力拓展并 丰富节目内容，以满足不同市场用户及订户的娱乐喜好。 凭藉集团高频宽、超低时延的综合光纤及流动网络，香港电讯致力成为向个人和企业提供人工智能(AI) 技术及应用的领导者，并同时应用AI以重塑其营运。此举有望进一步推动业务增长，并显着提升生产 力。面对上半年艰难的环境，香港电讯充分展现其韧性，收益及EBITDA分别取得百分之四及百分之三 的增长，带动经调整资金流增长百分之三。 公告称，今年上半年，电讯盈科凭藉Viu视像串流服务优质多元的本地化内容，持续深化在东南亚各国 的渗透率及用户参与度。集团亦通过现场演唱会、剧集及实况节目等多种娱乐形式，为旗下艺人创造更 多发展机会。 ...

EF001 | 發行人所發行上市權證/可轉換債券的相關信息 | | | --- | --- | | 發行人所發行上市權證/可轉換債券 | 不適用 | | 其他信息 | | | 其他信息 | 不適用 | | 發行人董事 | | | 於本公告日期，電訊盈科有限公司董事如下： | | | 執行董事︰ | | | 李澤楷（主席）及許漢卿（署理集團董事總經理及集團財務總裁） | | | 非執行董事︰ | | | 謝仕榮，GBS；唐永博（副主席）；孟樹森；趙興富及衛哲 | | | 獨立非執行董事︰ 麥雅文；黃惠君；Bryce Wayne Lee；Lars Eric Nils Rodert；David Christopher Chance及Sharhan Mohamed Muhseen | | | Mohamed | | 第 2 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 ...

Company Overview [Interim Results Announcement](index=1&type=section&id=Interim%20Results%20Announcement) PCCW Limited announced its unaudited interim results for the six months ended June 30, 2025, showing growth in revenue and EBITDA despite macroeconomic challenges, significant increases in Viu paying subscribers and ViuTV digital members, and a declared interim dividend - Viu paying subscribers increased to **13.8 million**, driving subscription and advertising revenue up by **27%**[3](index=3&type=chunk) - ViuTV digital members reached **3.3 million**, with a strong lineup of concerts and programs planned for the second half of the year[3](index=3&type=chunk) H1 2025 Key Financial Highlights | Metric | Amount (HK$) | Y-o-Y Change | | :--- | :--- | :--- | | Revenue | HK$18.922 billion | +7% | | HKT Revenue | HK$17.322 billion | +4% | | OTT Business Revenue | HK$1.194 billion | +10% | | Free TV & Related Business Revenue | HK$343 million | - | | EBITDA | HK$6.010 billion | +6% | | HKT EBITDA | HK$6.380 billion | +3% | | OTT Business EBITDA | HK$346 million | +51% | | Free TV & Related Business EBITDA | HK$47 million | - | | Consolidated Profit for the Period | HK$758 million | +116% | | Loss Attributable to Equity Holders of the Company | narrowed to HK$445 million | - | | Interim Dividend Per Ordinary Share | HK9.77 cents | - | [Letter to Shareholders](index=2&type=section&id=Letter%20to%20Shareholders) Managing Director Susanna Hui's letter to shareholders emphasized the company's focus on driving earnings growth by expanding regional video streaming, local entertainment, and leveraging HKT's market leadership, while Viu deepened regional penetration, ViuTV created new artist opportunities, and HKT benefited from its solid foundation and active AI adoption, all supported by a prudent dividend policy for sustainable growth and stable shareholder returns - Overall Strategy: Focus on driving earnings growth by expanding regional video streaming and local entertainment businesses, benefiting from HKT's market leadership and solid foundation[4](index=4&type=chunk) - Viu Performance: Paying subscribers reached **13.8 million**, with particularly strong growth in Thailand, the Philippines, and Malaysia; H1 revenue grew **10%**, and EBITDA margin improved from **21%** to **29%**[5](index=5&type=chunk) - HKT Performance: Revenue and EBITDA recorded **4%** and **3%** growth respectively, with adjusted funds flow increasing **3%**; committed to being a leader in AI technology and applications, and applying AI to reshape operations[8](index=8&type=chunk) - Dividend Policy: The Board declared an interim dividend of **HK9.77 cents** per ordinary share; the Company will adopt a prudent dividend policy, prioritizing strengthening its financial position to support sustainable growth while providing stable returns to shareholders[9](index=9&type=chunk) Business Segment Performance [HKT Business](index=6&type=section&id=HKT%20Business) HKT demonstrated resilience in a challenging macroeconomic environment, with revenue growing **4%** to **HK$17.322 billion** and EBITDA increasing **3%** to **HK$6.380 billion** for the six months ended June 30, 2025, actively integrating AI technology into operations and achieving solid growth across local, international, and mobile telecommunications services HKT Key Financial Data | Metric | June 30, 2024 (HK$ million) | June 30, 2025 (HK$ million) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | HKT Revenue | 16,669 | 17,322 | +4% | | HKT EBITDA | 6,168 | 6,380 | +3% | | HKT Adjusted Funds Flow | 2,495 | 2,562 | +3% | - Local telecommunications services revenue grew **5%** to **HK$8.714 billion**, driven by strong broadband service demand and enterprise business growth; FTTH connections reached **1.055 million**, and local data revenue grew **11%**[14](index=14&type=chunk) - Mobile communications business revenue grew **5%** to **HK$5.2 billion**, with service revenue increasing **5%** to **HK$4.189 billion**, primarily driven by growth in roaming services, an expanded postpaid customer base, and rising demand for 5G/IoT enterprise solutions; 5G customer numbers increased to **1.894 million**[16](index=16&type=chunk) - Operating costs saved **4%** to **HK$1.921 billion**, reflecting the effectiveness of reshaping workflows through AI applications, streamlining business structures, and optimizing human resources[17](index=17&type=chunk) [OTT Business](index=8&type=section&id=OTT%20Business) OTT business revenue significantly increased **10%** to **HK$1.194 billion**, primarily driven by Viu's contributions, with Viu's subscription and advertising revenue growing **27%** and paying subscribers (excluding Myanmar) rising **19%** year-on-year to **13.8 million**, while EBITDA surged **51%** to **HK$346 million**, improving the margin to **29%** and progressing towards positive cash flow OTT Business Key Financial Data | Metric | June 30, 2024 (HK$ million) | June 30, 2025 (HK$ million) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | OTT Business Revenue | 1,089 | 1,194 | +10% | | OTT Business EBITDA | 229 | 346 | +51% | | OTT Business EBITDA Margin | 21% | 29% | +8 percentage points | - Viu subscription and advertising revenue significantly increased **27%**, primarily due to producing engaging content, expanding the subscriber base, and launching premium subscription plans[20](index=20&type=chunk) - Viu paying subscribers (excluding Myanmar) reached **13.8 million**, a **19%** year-on-year growth, with particularly significant growth in Thailand, the Philippines, and Malaysia[22](index=22&type=chunk) - Content Strategy and Partnerships: Added nearly **150 new productions**, including Chinese and Korean dramas, with popular Viu Original productions; deepened cooperation with local telecom operators and expanded to joint content creation with Telkomsel in Indonesia[21](index=21&type=chunk)[22](index=22&type=chunk) [Free TV and Related Businesses](index=9&type=section&id=Free%20TV%20and%20Related%20Businesses) Free TV and related businesses revenue was **HK$343 million**, a **29%** decrease from the prior year due to different concert and event scheduling, yet advertising revenue remained stable, digital membership grew over **4%** to **3.3 million**, and while EBITDA fell to **HK$47 million**, it is expected to rebound in the second half with numerous concerts and events Free TV and Related Businesses Key Financial Data | Metric | June 30, 2024 (HK$ million) | June 30, 2025 (HK$ million) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Revenue | 480 | 343 | (29)% | | EBITDA | 91 | 47 | (48)% | | EBITDA Margin | 19% | 14% | (5 percentage points) | - Artist Development and International Collaboration: Continued to provide development opportunities for nearly **70 artists** and expanded their exposure in markets outside Hong Kong, collaborating with international artists such as Coldplay, Sunmi, and Karencici[24](index=24&type=chunk) - ViuTV Digital Members and Viewing Time: Digital members grew over **4%** to **3.3 million**, and viewing time also increased over **4%**[24](index=24&type=chunk) - H2 Outlook: Anticipates an increase in live performances in the second half, with **10 strong concert series** planned, expected to drive revenue growth and a rebound in financial performance[24](index=24&type=chunk) [Other Businesses and Eliminations](index=10&type=section&id=Other%20Businesses%20and%20Eliminations) Other business revenue grew **99%** to **HK$743 million**, driven by IT enterprise solutions project milestones, with eliminations of **HK$680 million** reflecting internal and external project collaborations within the Group - Other business revenue grew **99%** from **HK$373 million** last year to **HK$743 million**, consistent with IT enterprise solutions project milestones[25](index=25&type=chunk) - Eliminations were **HK$680 million**, a **26%** decrease from **HK$913 million** in the prior period, reflecting internal and external project collaborations among the Group's various businesses[11](index=11&type=chunk)[26](index=26&type=chunk) Consolidated Financial Performance and Analysis [Consolidated Revenue and EBITDA](index=4&type=section&id=Consolidated%20Revenue%20and%20EBITDA) For the six months ended June 30, 2025, PCCW's consolidated revenue increased **7%** to **HK$18.922 billion**, consolidated EBITDA grew **6%** to **HK$6.010 billion**, consolidated profit for the period surged **116%** to **HK$758 million**, and loss attributable to equity holders of the Company narrowed to **HK$445 million** Consolidated Revenue and EBITDA | Metric | June 30, 2024 (HK$ million) | June 30, 2025 (HK$ million) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Consolidated Revenue | 17,698 | 18,922 | +7% | | Consolidated EBITDA | 5,672 | 6,010 | +6% | | Consolidated EBITDA Margin | 32% | 32% | - | - Loss attributable to equity holders of the Company narrowed to **HK$445 million** (prior period 2024: **HK$462 million**)[11](index=11&type=chunk) - Consolidated profit for the period increased **116%** to **HK$758 million**[3](index=3&type=chunk) [Costs and Other Financial Items](index=

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任 。 PCCW Limited 電訊盈科有限公司 （於香港註冊成立的有限公司） （股份代號：0008） 於本公告日期，本公司的董事如下： 執行董事 香港電訊信託與香港電訊有限公司 截至2025年6月30日止六個月的中期業績公告 電訊盈科有限公司（「本公司」）知悉香港電訊管理有限公司（以其作為香港電訊 信託託管人－經理身份）與香港電訊有限公司（「香港電訊」）於今天發表的公告 （www.hkt.com/ir），內容關於香港電訊信託與香港電訊連同香港電訊的附屬公司截 至 2025 年 6 月 30 日止六個月的未經審核綜合業績。本公司確認現時持有香港電訊 信託與香港電訊已發行股份合訂單位總數約百分之五十二點二四。 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.09(2)(a)條及《證券及 期貨條例》（香港法例第571章）第XIVA部內幕消息條文而作出。 承董事會命 電訊盈科有限公司 集團法律事務總監兼 ...

金融界7月16日消息，上证指数低开震荡，中证香港300低贝塔指数 (H300LB，H30231)报1826.59点。 从中证香港300低贝塔指数持仓样本的行业来看，公用事业占比17.51%、工业占比15.50%、金融占比 14.35%、通信服务占比10.70%、房地产占比9.16%、可选消费占比8.43%、主要消费占比8.37%、能源占 比6.01%、原材料占比4.38%、医药卫生占比4.32%、信息技术占比1.27%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别是每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对中证香港策略指数系列进行临时调整。当样本退市 时，将其从指数样本中剔除。样本公司发生收购、合并、分拆、停牌等情形的处理，参照计算与维护细 则处理。 据了解，中证香港策略指数系列从多种策略投资的角度反映了在香港交易所上市证券的整体表现。该指 数以2005年12月30日为基日，以1000.0点为基点。 从指数持仓来看，中证香港300低贝塔指数十大权重分别为：伟禄集团（ ...

Summary of Key Points Core Viewpoint - As of July 7, a total of 102 stocks reached their 52-week highs, indicating a positive market trend with notable performances from specific companies such as China National Cultural Industry, Shoujia Technology, and Yunzhisheng [1]. Group 1: Stocks Reaching 52-Week Highs - China National Cultural Industry (00745) achieved a closing price of 0.430 with a peak of 0.435, marking a high rate of 24.29% [1]. - Shoujia Technology (00103) closed at 0.550, reaching a high of 0.610, reflecting a 17.31% increase [1]. - Yunzhisheng (09678) had a closing price of 386.800 and a peak of 391.600, with a high rate of 15.65% [1]. - Other notable stocks include Charoen Pokphand International (03839) at 15.09%, Japan Kyosei (00627) at 13.92%, and China San San Media (08087) at 11.05% [1]. Group 2: Additional Stocks with Significant Increases - Green Tea Group (06831) reached a high of 10.33% with a closing price of 9.080 [1]. - Beihai Kangcheng-B (01228) and Pinchuang Holdings (08066) both achieved a high rate of 10.00% [1]. - Other companies with notable increases include Zhongshen Jianye (02503) at 9.45% and Baishida Holdings (01168) at 7.73% [1]. Group 3: Stocks with Lower Performance - The report also highlights stocks that did not perform as well, with some reaching 52-week lows, such as Aidewei Construction Group (06189) with a low rate of -11.11% [3]. - Other underperformers include Macau Legend (01680) at -6.33% and Gu Dou Holdings (08308) at -6.00% [3].

OpenAI首席执行官Sam Altman：随着数据中心生产的自动化，人工智能成本最终将接近电费。 ChatGPT平均一次查询耗电约0.34 瓦时，相当于烤箱一秒钟多一点的耗电量，或高效灯泡几分钟的耗电 量。还会消耗大约0.000085加仑的水，大约是十五分之一茶匙的水。 ...

Core Viewpoint - The arrival of a low interest rate era highlights the importance of dividend assets, particularly in the Hong Kong stock market, where state-owned enterprises play a significant role in dividend distribution [1] Group 1: Dividend Assets in the Market - A-shares are expected to see total dividends exceed 2.4 trillion yuan in 2024, with state-owned enterprises accounting for over 80% of this amount [1] - Hong Kong's central enterprises are positioned as key dividend payers, offering both high yields and valuation advantages [1] - The current trading congestion of Hong Kong dividend assets has decreased, supported by the ongoing pilot programs for long-term capital inflows [1] Group 2: Investment Strategies and Recommendations - The banking sector continues to show mid-to-long-term investment value, with ongoing dividend plans and valuation enhancement initiatives from major banks [1] - High dividend yield and strong asset quality banks are recommended for their absolute return potential and cost-effectiveness in allocation [1] Group 3: Performance of Dividend Indices and ETFs - The leading dividend index in the Hong Kong market is the Hang Seng Hong Kong Stock Connect High Dividend Yield Index, with the corresponding ETF, Bosera (513690), ranking first in both scale and daily trading volume [2] - As of June 4, 2025, the Bosera ETF reached a new high in price and size, totaling 4.043 billion yuan [2] Group 4: Advantages of the Bosera ETF - The Bosera ETF has a leading dividend yield of 8.02%, significantly higher than its peers, making it an attractive option for investors seeking stable income [4] - The top holdings of the ETF focus on energy and financial sectors, with notable performance in recent months, showcasing both cyclical resilience and defensive attributes [5] - The ETF employs strict risk control measures, excluding stocks with significant price declines and ensuring liquidity, thus enhancing the investment experience [7]

Group 1 - The Hang Seng High Dividend Yield Index (HSSCHKY) has shown a strong increase of 1.54% as of June 3, 2025, with notable gains in stocks such as China CITIC Bank (00998) up 4.88%, Swire Properties (01972) up 3.94%, and Agricultural Bank of China (01288) up 3.41% [2] - The Bosera Hang Seng High Dividend ETF (513690) has risen by 0.72%, with a latest price of 0.99 yuan and a trading volume of 61.74 million yuan [2] - The Bosera Hang Seng High Dividend ETF has a recent scale of 4.005 billion yuan and has seen a net financing amount of 1.201 million yuan in the previous trading day [3] Group 2 - The Bosera Hang Seng High Dividend ETF has achieved a net value increase of 32.41% over the past two years, ranking 120 out of 2187 in the index stock fund category [4] - The ETF has a maximum monthly return of 24.18% since inception, with an average monthly return of 4.99% [4] - The ETF's management fee is 0.50% and the custody fee is 0.10%, with a tracking error of 0.055% over the past six months [4] Group 3 - As of June 2, 2025, the top ten weighted stocks in the Hang Seng High Dividend Yield Index account for 28.55% of the index, including Yanzhou Coal Mining Company (01171) and Cheung Kong Infrastructure Holdings (00008) [5][7] - The weight of the top stock, Yanzhou Coal Mining Company, is 4.39%, while the second, Cheung Kong Infrastructure Holdings, has a weight of 2.66% [7]

Group 1 - Hong Kong's "Stablecoin Regulation" is the world's first specialized legislation for fiat-backed stablecoins, filling a regulatory gap and promoting compliance in the stablecoin sector [1] - The Hong Kong Legislative Council passed the draft regulation on May 21, with licensed stablecoin issuers expected to emerge by the end of this year [1] - The Hong Kong Monetary Authority has released the first batch of stablecoin issuer sandbox participants, including Round Coin Innovation Technology [1] Group 2 - Citic Securities reports that recent legislative progress in Hong Kong and the U.S. on stablecoins enhances market liquidity and supports the issuance of Real World Assets (RWA) by mainland enterprises in Hong Kong [2] - The stablecoin legislation is expected to indirectly boost the development of digital currency payment and settlement interfaces in Hong Kong's financial sector, benefiting financial IT companies experienced in cross-border settlements [2] - With the ongoing development of RWA, various stakeholders in the RWA ecosystem, including issuers, custodial banks, and investors, are anticipated to grow rapidly, presenting investment opportunities in RWA asset operations and cross-border payments [2] Group 3 - ZhongAn Online (06060) holds a 43.43% stake in ZhongAn Bank, the first digital bank in Hong Kong to provide reserve banking services for stablecoin issuers, and has a 8.7% stake in Round Coin Innovation Technology, a sandbox participant [3] - LianLian Digital (02598) indirectly owns 100% of LianLian Pay Global Limited and collaborates with Round Coin Technology on stablecoin applications in cross-border payments [3] - PCCW (00008) announced a partnership with Standard Chartered Bank and Animoca Brands to explore stablecoin issuance, aiming to leverage their combined expertise and technology [3]