Core Viewpoint - Gaoyang Technology (00818) reported an operating loss of approximately HKD 240 million for the 11 months ending November 30, 2025, a significant decline from 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 share option expenses of approximately HKD 198.6 million related to share options granted by a subsidiary in March 2025 [1] - Absence of approximately HKD 88.4 million in gains from the sale of subsidiaries [1] - Increased resource allocation to overseas and cross-border operations, alongside the traditional payment market being further replaced by digital payments [1] Future Outlook - The group anticipates an operating loss for the fiscal year ending December 31, 2025, compared to an operating profit of approximately HKD 99.8 million for the fiscal year ending December 31, 2024 [1] - The company believes that this strategic adjustment will lay a more solid foundation for long-term development [1]
高阳科技预计2025年度取得经营亏损