Core Viewpoint - The company anticipates revenue of HKD 1.7 billion to HKD 1.8 billion for the fiscal year ending December 31, 2025, compared to approximately HKD 1.6568 billion in the same period last year [1] - The expected profit attributable to equity shareholders is projected to be around HKD 130 million to HKD 140 million, down from HKD 167.6 million in the previous year [1] Revenue and Profit Forecast - The projected revenue for the upcoming fiscal year is between HKD 1.7 billion and HKD 1.8 billion, indicating a potential increase from last year's revenue of approximately HKD 1.6568 billion [1] - The anticipated profit attributable to equity shareholders is expected to decrease to approximately HKD 130 million to HKD 140 million, compared to HKD 167.6 million from the previous year [1] Factors Influencing Performance - The decrease in expected profit is primarily attributed to a significant decline in revenue and gross margin from the civil communication business [1] - The implementation of fee reduction policies in the civil communication sector has already impacted revenue and profit contributions during the period [1] Strategic Focus - The company aims to consolidate its advantages in other business segments and continue exploring innovative business opportunities to maintain stable development in its core operations [1]

Core Viewpoint - The Chinese capital market received a policy boost with the announcement of fee reduction measures for 2026 by both the Shanghai and Shenzhen Stock Exchanges, expected to exceed 1.9 billion RMB in total [1] Group 1: Fee Reduction Measures - The total expected fee reduction amount from both exchanges is over 1.9 billion RMB, with approximately 1.113 billion RMB from the Shanghai Stock Exchange and over 800 million RMB from the Shenzhen Stock Exchange [1] - The policy covers major categories including stocks, funds, and bonds, affecting all stages from listing to trading and services [1]

Core Viewpoint - The Shenzhen Stock Exchange (SZSE) announced a series of fee reduction measures for the year 2026, with an expected total reduction amount exceeding 800 million yuan [1][3]. Group 1: Fee Reduction Measures - The fee reductions will apply to various products including stocks, funds, and bonds, covering listing, trading, and service aspects, with a total of six specific measures [2][4]. - Specific measures include waiving listing fees for companies and funds, waiving transaction handling fees for bonds (excluding convertible bonds) and asset-backed securities, waiving transaction unit flow fees for funds and bonds, reducing communication and cloud service fees, and halving the service fee for online voting at shareholder meetings [2][4]. Group 2: Implementation and Impact - SZSE has been actively implementing tax and fee reduction policies as mandated by the central government, with increasing intensity in fee reductions over the years [2][4]. - The combination of these measures is aimed at providing tangible benefits to enterprises and the public, enhancing the sense of gain for market participants and investors [2][4]. - Moving forward, SZSE plans to advance fee reduction efforts in a scientific and reasonable manner to further stimulate market vitality and better serve the real economy and high-quality development [2][4].