Core Viewpoint - The company reported a revenue of HKD 18.922 billion for the six months ending June 30, 2025, representing a year-on-year increase of 6.92% and a narrowed shareholder loss of HKD 445 million, down 3.68% from the previous year [1] Financial Performance - Revenue for the first half of the year reached HKD 18.922 billion, up 6.92% year-on-year [1] - Shareholder loss was HKD 445 million, a reduction of 3.68% compared to the same period last year [1] - Basic loss per share was HKD 0.0575 [1] - Proposed interim dividend is HKD 0.0977 per share [1] Business Development - The company continues to enhance its penetration and user engagement in Southeast Asia through its Viu streaming service, which offers high-quality localized content [1] - Viu has reached 13.8 million paid users across 15 markets in Southeast Asia, the Middle East, and South Africa, with significant growth in Thailand, the Philippines, and Malaysia [1] - The flexible dual revenue model of Viu aims to expand and enrich content offerings to cater to diverse entertainment preferences of users and subscribers [1] Technological Advancements - The company is committed to becoming a leader in providing AI technologies and applications to individuals and businesses, leveraging its high bandwidth and low-latency fiber and mobile networks [1] - The application of AI is expected to reshape operations, drive business growth, and significantly enhance productivity [1] - Despite a challenging environment in the first half of the year, the company demonstrated resilience with revenue and EBITDA growth of 4% and 3% respectively, contributing to a 3% increase in adjusted cash flow [1]

智通财经APP讯，电讯盈科(00008)发布公告，将于2025年9月5日派发截至2025年6月30日止六个月中期 股息每股0.0977港元。 ...

电讯盈科(00008)发布公告，将于2025年9月5日派发截至2025年6月30日止六个月中期股息每股0.0977港 元。 ...

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（ ...

Core Viewpoint - The strategic partnership between PCCW Solutions Holdings Limited and Lenovo Group aims to enhance the IT solutions business in the Asia-Pacific region through a significant transaction valued at $613.6 million, which includes both cash and equity components [1][2]. Group 1: Transaction Details - The agreement involves the sale of 80% of PCCW Lenovo Technology Solutions and 20% of PCCW Network Services to Lenovo Group for a total consideration of $613.6 million, with $513.6 million paid in cash and $100 million through equity issuance [1]. - Upon completion, the company will indirectly hold 80% of PCCW Network Services and maintain 100% ownership of its enterprise solutions, while Lenovo will directly own 80% of PCCW Lenovo Technology Solutions and 20% of PCCW Network Services [1]. Group 2: Strategic Benefits - The transaction is expected to leverage the combined strengths of both companies to accelerate the expansion of the IT solutions business in the Asia-Pacific region [2]. - It aims to optimize resource allocation and capture growth opportunities in the IT solutions industry, creating value through synergies from the partnership [2]. - Lenovo Group will gain control over PCCW Lenovo Technology Solutions, enhancing its capabilities in system integration and application development, which are crucial for expanding its IT service offerings [2][3]. Group 3: Market Positioning - The IT solutions business is recognized as a leading IT service provider in the Asia-Pacific region with over 20 years of strong performance [2]. - The partnership allows Lenovo to enhance its service portfolio, expand its customer base, and improve regional and vertical coverage in the IT services market [2]. - The collaboration is strategically significant for Lenovo's long-term development and diversification into the IT services sector, aligning with the trend of digital transformation [2][3].

Subscriber Growth - Viu's subscriber base grew by 17% to 15.5 million, with strong growth in Indonesia, Malaysia, and Thailand[4]. - Viu's subscription user base grew by 17% to 15.5 million, with subscription revenue increasing by 15%[25]. - ViuTV's registered user base grew by 6% year-on-year to over 3.2 million, indicating strong engagement among younger audiences[29]. Revenue and Financial Performance - Revenue increased by 3% to HKD 37.557 billion, while EBITDA reached HKD 12.849 billion[5]. - Total revenue for the year ended December 31, 2024, increased to HKD 37,557 million, up from HKD 36,347 million in 2023, representing a growth of 3.3%[63]. - Total revenue (excluding mobile communications product sales) increased by 2% to HKD 32.031 billion, with overall revenue rising by 1% to HKD 34.753 billion[21]. - The revenue from the media business reached HKD 3,515 million in 2024, up from HKD 3,404 million in 2023, marking a growth of about 3.3%[80]. - The external revenue from Hong Kong increased to HKD 29,145 million in 2024, compared to HKD 28,477 million in 2023, reflecting a growth of about 2.3%[83]. EBITDA and Profitability - EBITDA for Hong Kong Telecommunications was HKD 13.743 billion in 2024, reflecting a 3% growth from the previous year[14]. - The EBITDA for the group in 2024 was HKD 12,849 million, slightly up from HKD 12,831 million in 2023, indicating a stable performance[82]. - The overall EBITDA margin for Hong Kong Telecommunications was 40% in 2024, up from 39% in 2023[16]. - Operating profit for the year was HKD 5.388 billion, an 8% increase compared to the previous year[14]. Loss and Net Income - The company reported a significant reduction in loss attributable to equity holders to HKD 300 million for the year[4]. - The net profit for the year decreased to HKD 1,941 million, down from HKD 2,090 million in 2023, reflecting a decline of 7.1%[63]. - The basic and diluted loss per share for the year was HKD 3.88, compared to HKD 6.10 in 2023[63]. - The loss attributable to equity holders of the company narrowed significantly to HKD 300 million, compared to HKD 471 million in the previous year[43]. Dividends - The final dividend declared is HKD 0.2848 per share, totaling an annual dividend of HKD 0.3825 per share[4]. - Proposed final dividend per share is HKD 0.4588, bringing the total annual dividend to HKD 0.7880[22]. - The company proposed a final dividend of HKD 0.2848 per share for the year ending December 31, 2024, consistent with the previous year[55]. Advertising Revenue - Viu's advertising revenue grew by 17% due to the introduction of an AVOD model for connected TV users[7]. - Viu's advertising revenue increased by 17% year-on-year, driven by sponsorships and the introduction of an AVOD model[26]. Operating Costs - Total operating costs increased by 6% year-on-year, amounting to HKD 19.127 billion in 2024[14]. - Operating costs rose by 3% to HKD 5.581 billion, primarily due to increased promotional expenses for OTT services[35]. Customer and Service Growth - Mobile communication service revenue grew by 5% to HKD 11.484 billion in 2024, driven by increased roaming contributions and a growing postpaid customer base[17]. - Roaming revenue increased by 37% year-on-year, reaching 98% of pre-pandemic levels in 2024[17]. - The number of 5G customers reached 1.747 million by the end of 2024, marking a 25% year-on-year growth[17]. - Local data service revenue rose by 6% to HKD 13.552 billion, while local telecom service revenue increased by 3% to HKD 17.350 billion[18]. Capital Expenditure and Debt - Capital expenditure for the year ending December 31, 2024, was HKD 2.341 billion, slightly up from HKD 2.324 billion in 2023, with approximately 95% attributed to Hong Kong Telecommunications[47]. - The group maintained a debt-to-asset ratio of 53% as of December 31, 2024, down from 55% in the previous year[45]. - As of December 31, 2024, the total debt of the group was HKD 52.393 billion, compared to HKD 52.329 billion on December 31, 2023[45]. Employee and Organizational Changes - The group employed over 14,600 staff globally as of December 31, 2024, a decrease from 15,000 employees in 2023[54]. Risk Management - The group has established risk management measures to manage market risks associated with foreign currency and interest rates, with most financing denominated in foreign currencies[49]. - The group has no assets pledged as collateral for bank loans as of December 31, 2024[51].