Hong Kong Technology Exploration (01137.HK) Hot Analysis: Performance Improvement and Strategic Innovation Drive Market Attention

This analysis is based on [Tushare dc_hot (East Money App Hot List (Surge List, Hong Kong Stock Market))][1], released on December 1, 2025. Hong Kong Technology Exploration (01137.HK), as the operator of HKTVmall, has recently become a hot stock in Hong Kong stocks. Core reasons include business transformation results, financial condition improvement, strategic innovation initiatives, etc. Key findings: Half-year loss narrowed to 23.205 million yuan [3], EBITDA improved [0]; October order gross merchandise value (GMV) increased by 6% month-on-month [4]; major shareholders confirmed no intention to sell holdings within two years [2]; plan to launch 3-hour fast delivery service in the first quarter of 2026 [6]; distribute a special dividend of 38 Hong Kong cents [5].

The hot trend of Hong Kong Technology Exploration (01137.HK) stems from multiple factors. Financially, the half-year loss in 2025 narrowed to 23.205 million yuan [3], which was an improvement compared to the same period last year, and EBITDA increased from 133 million yuan to 161 million yuan [0], indicating improved operational efficiency. Operationally, October order GMV rose by 6% month-on-month [4], although it still fell by 4.3% year-on-year, the sequential growth reflects signs of business recovery. Strategically, the company plans to launch a 3-hour fast delivery service in the first quarter of 2026 [6], which is expected to enhance user experience and competitiveness. In terms of shareholder confidence, major shareholders confirmed no intention to sell their holdings within two years [2]. A special dividend of 38 Hong Kong cents was distributed [5] to celebrate the 10th anniversary of HKTVmall.

Cross-domain correlations are significant: Financial improvement, shareholder support, and strategic innovation jointly drive increased market attention. The launch of the 3-hour delivery service may become a catalyst for business growth and enhance user stickiness. The commitment of shareholders not to reduce holdings within two years not only stabilizes the stock price but also reflects confidence in the company’s long-term development. The distribution of the special dividend further enhances investor confidence and increases stock attractiveness.

On the risk side, October order GMV still fell by 4.3% year-on-year [4], indicating that industry competition pressure remains; e-commerce competition is fierce, and the launch of new services may face execution challenges. On the opportunity side, the 3-hour delivery service is expected to capture market share; continuous financial improvement may push the company towards profitability; shareholder support provides stability, which is conducive to long-term development.

Hong Kong Technology Exploration (01137.HK) has recently become a hot stock in Hong Kong stocks, mainly benefiting from factors such as improved financial conditions, strategic innovation initiatives, and shareholder confidence support. The company has made progress in narrowing losses, improving operational efficiency, and business recovery. At the same time, it has launched a 3-hour delivery plan and distributed a special dividend to further enhance market confidence. Despite facing industry competition and year-on-year performance pressure, the overall development trend is positive.