HK TECH VENTURE (01137) Reports Interim Results with Net Loss of HK$23.205 Million, Narrowed by 15.6% Year-on-Year

Stock News
08/27

HK TECH VENTURE (01137) announced its financial results for the six months ended June 30, 2025, reporting revenue of HK$1.888 billion, down 0.5% year-on-year. The company recorded a net loss of HK$23.205 million, which narrowed by 15.6% compared to the same period last year, with basic loss per share of HK$0.03.

As the group's core business, HKTVmall continues to generate stable revenue for the company. The group remains committed to enhancing customer shopping experience through convenient services, offering an "8-hour express delivery service" where orders placed before 1 p.m. daily can be delivered as early as the same evening. The group is also exploring the feasibility of further reducing delivery times in its logistics arrangements.

Additionally, HKTVmall currently collaborates with over 6,400 merchants and suppliers, providing customers with a wide range of price options across various product categories. The group hopes that Hong Kong's retail industry can better adapt to new retail trends. Therefore, HKTVmall will organize more diverse workshops to enhance retailers' digital operations and sales capabilities.

Furthermore, the group will continue to actively develop third-party logistics services and ThePlace independent store solutions, providing solid technical and operational support for retailers to fully develop their e-commerce businesses.

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