China Netcom Technology Holdings Limited (CH NETCOMTECH, 08071) reported a 36.73 million Hong Kong dollar revenue for the year ended 31 December 2025, up 36% year-on-year. Loss attributable to owners narrowed 35% to 4.96 million HKD.

\n\n

• Segment mix – Smart retail revenue rose to 27.60 million HKD (2024: 26.75 million HKD) with an operating profit of 4.64 million HKD versus a 3.93 million HKD loss a year earlier; gross margin improved to 15% (2024: 1%). – Automotive culture business, launched in 2024, generated 9.12 million HKD sales (2024: 0.17 million HKD) and posted a 0.66 million HKD operating loss. – The discontinued AWS cloud services unit booked 0.13 million HKD revenue and a 1.09 million HKD operating loss; its disposal in 2024 had produced a 4.28 million HKD gain last year.

\n\n

• Cost dynamics Cost of sales and services increased 18% to 31.29 million HKD, broadly in line with top-line expansion. Administrative expenses fell 17% to 9.42 million HKD after cost-structure optimisation.

\n\n

• Balance-sheet highlights – Cash and bank balances: 16.07 million HKD (2024: 13.28 million HKD). – Total assets: 21.73 million HKD; total liabilities: 16.38 million HKD; equity: 5.35 million HKD. – Net current assets stood at 5.21 million HKD; current ratio declined to 1x (2024: 3x) on higher trade payables tied to expanded smart retail sales. – Borrowings of 2.10 million HKD were recorded; gearing ratio at 39% (2024: nil).

\n\n

• Cash flow & dividend Operating activities generated 0.69 million HKD net cash (2024 outflow: 9.05 million HKD). The Board recommended no dividend.

\n\n

• Outlook guidance The company plans to deepen smart retail R&D, scale the automotive culture segment and continue cost discipline while monitoring policy support and digital-consumption trends in the PRC, according to the Chairman’s statement.