Hong Kong Science and Technology Exploration Expected to Report a Loss of HKD 150 Million Last Year

SighingCashier · 2026-03-16T16:14:22+00:00

Hong Kong Technology Exploration is expected to record losses of RMB 145 million to 155 million by the end of last year, primarily due to new exploration projects and business expansion. Although e-commerce orders declined by 3.5%, non-cash valuation losses do not impact core business and cash flow.

SighingCashier

2026-03-16 16:14:22

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Hong Kong Technology Exploration (01137) expects a full-year loss of HKD 145 million to HKD 155 million by the end of last year; for the same period in 2024, the loss is HKD 66.7 million.

The company stated that the increased loss last year was mainly due to higher pre-interest, tax, depreciation, and amortization losses after adjustments for new exploration projects, as the street market instant meal business was still in the expansion stage before reaching scale benefits. These losses are necessary investments to support the group’s long-term growth strategy and the development of innovative products and services.

At the same time, the total transaction value of orders in Hong Kong’s e-commerce business decreased by 3.5% year-on-year; based on valuations conducted by an independent surveyor and reflecting current market conditions, investment properties recorded non-cash valuation losses. These non-cash adjustments will not affect the group’s core operations or cash flow.

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