Core Viewpoint - The financial performance of Gaoke Bridge (09963.HK) for the six months ending June 30, 2025, was disappointing, with significant revenue decline and continued losses [1] Financial Performance - Total revenue recorded was approximately HKD 38.7 million, representing a year-on-year decrease of about 46.9% [1] - Loss attributable to shareholders for the reporting period was approximately HKD 12.6 million, which is an 8.0% reduction compared to the previous period [1] - Basic loss per share was approximately HKD 0.049, compared to HKD 0.053 for the six months ending June 30, 2024 [1] Industry Context - The Chinese telecommunications industry is facing dual pressures of demand contraction and intensified competition due to global geopolitical fluctuations and a slowdown in domestic economic growth [1] - The challenges and uncertainties faced by fiber optic and cable companies in the current market environment remain significant [1] - The company is vigilant regarding these developments and is continuously assessing their impact while taking necessary measures to mitigate effects on its business [1]