Core Viewpoint - Gaoyang Technology (00818) reported an operating loss of approximately HKD 240 million for the 11 months ending November 30, 2025, compared to an operating profit of approximately HKD 106.5 million for the same period ending November 30, 2024 [1] Financial Performance - The operating loss for the 11 months ending November 30, 2025, is primarily attributed to: - Non-cash stock option expenses of approximately HKD 198.6 million recognized in the payment and digital services category due to stock options granted by a subsidiary in March 2025 [1] - Absence of approximately HKD 88.4 million in gains from the sale of a subsidiary [1] - Increased resource allocation to overseas and cross-border operations as traditional payment markets are further replaced by digital payments [1] Future Outlook - The group anticipates an operating loss for the year ending December 31, 2025, in contrast to an operating profit of approximately HKD 99.8 million for the year ending December 31, 2024 [1] - The company believes that this strategic adjustment will lay a more solid foundation for long-term development [1]
高阳科技(00818)预计2025年度取得经营亏损