Core Viewpoint - Pudat Technology (00650) anticipates a net loss attributable to equity shareholders of approximately HKD 87.7 million for the six months ending September 30, 2025, a decrease from a loss of HKD 160.7 million for the same period in 2024 [1] Financial Performance - The expected loss for the reporting period is primarily due to research and administrative expenses of approximately HKD 93.5 million related to the ongoing development and expansion of the semiconductor and solar industries [1] - The loss has decreased by approximately HKD 73 million compared to the same period in 2024, attributed to improved operational and investment performance [1] Cost Management - Administrative and research expenses decreased by approximately HKD 37.7 million from about HKD 131.1 million, mainly due to cost control measures implemented in response to a sluggish market environment [1] - The reduction in research material costs followed the completion of major product research [1] Investment Performance - Investment income from changes in the fair value of fund investments improved from a loss of approximately HKD 0.9 million to a gain of about HKD 9.6 million [1] - Impairment losses on investments in an associate company improved from approximately HKD 40.4 million to no impairment loss recorded [1] Revenue Impact - The total revenue for the reporting period decreased, partially offset by a reduction in gross profit contribution from the company's oil and equipment business of approximately HKD 20 million [1]
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