(Incorporated in Hong Kong with limited liability) （於香港註冊成立之有限公司） （Stock Code 股份代號：887） NOTIFICATION LETTER 書面通知 Dear Non-registered Shareholder (Note 1) , 9 September 2025 The following document(s) of Emperor Watch & Jewellery Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at https://www.EmperorWatchJewellery.com and The Stock Exchange of Hong Kong Limited at https://www.hkexnews.hk (collectively "Websites"):- If you have provided an em ...

(Incorporated in Hong Kong with limited liability) （於香港註冊成立之有限公司） （Stock Code 股份代號：887） NOTIFICATION LETTER 書面通知 Dear Registered Shareholder(s), 9 September 2025 The following document(s) of Emperor Watch & Jewellery Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at https://www.EmperorWatchJewellery.com and The Stock Exchange of Hong Kong Limited at https://www.hkexnews.hk (collectively "Websites"):- 2025 Interim Report If you have not p ...

目 錄 2 業績概覽 3 管理層討論及分析 9 中期股息 10 簡明綜合損益及其他全面收益表 12 簡明綜合財務狀況表 14 簡明綜合權益變動表 16 簡明綜合現金流量表 17 簡明綜合財務報表附註 33 董事及最高行政人員之證券權益 35 其他人士於股份及相關股份之權益 36 企業管治及其他資料 業績概覽 英皇鐘錶珠寶有限公司（「本公司」）之董事會（「董事會」或「董事」）提呈本公司及 其附屬公司（統稱「本集團」）截至2025年6月30日止6個月（「本期間」）之未經審 核簡明綜合業績。 | | 截至6月30日止6個月 | | 變動 | | --- | --- | --- | --- | | | 2024年 （未經審核） | 2025年 （未經審核） | | | | 百萬港元 | 百萬港元 | | | 總收入 | 2,597 | 2,794 | + 7.6% | | 毛利 | 780 | 840 | + 7.7% | | 毛利率 | 30 0% . | 30.1% | + 0.1百分點 | | 經調整EBITD* | 282 | 297 | + 5.3% | | 淨利潤 | 185 | 194 | + 4.9% ...

Core Viewpoint - The performance of Yili in 1H25 demonstrates its long-term competitive advantages, with a revenue growth of 3.4% year-on-year despite industry challenges and declining demand [1] Group 1: Revenue and Profitability - Yili's liquid milk revenue only decreased by 2.1% year-on-year, significantly less than major competitors [1] - Core operating profit increased by 26% year-on-year, with a core operating profit margin expanding by 2.4 percentage points, attributed to a decrease in raw milk prices and a reduction in overall expense ratios [1] - The contribution of new retail channels to liquid milk revenue was nearly 30%, while new product revenue contributed approximately 15% [2] Group 2: Competitive Advantages - Yili has stronger channel control, actively providing benefits to distributors to ensure their profitability, which motivates them to promote Yili products [1][2] - The company has a more balanced product structure compared to major competitors, with double-digit revenue growth in categories like milk powder, cheese, and ice cream, which collectively contributed over 40% to total revenue [2] - Yili has found a better balance between sales volume, price, and product structure, ensuring stable market share despite a slight decline in liquid milk revenue [2] Group 3: Future Outlook - Revenue trends are expected to maintain in 2H25, but profit margins may face pressure due to narrowing declines in raw milk prices, continued product structure decline, increased industry promotions, and strategic benefits to channels [3] - The company forecasts a 1.0 percentage point expansion in operating profit margin to 10.9% for the full year 2025, with net profit margin increasing by 2.2 percentage points to 9.5% [3] - Market sentiment is expected to improve, with an upgrade to "buy" rating due to Yili's stronger performance resilience compared to competitors, enhancing investor confidence [3]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 英皇鐘錶珠寶有限公司 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00887 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 7,256,708,129 | | 0 | | 7,256,708,129 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 7,256,708,129 | | 0 | | 7,256,708,1 ...

Core Viewpoint - Emperor Watch and Jewelry (00887.HK) reported a total revenue of HKD 2.794 billion for the six months ending June 30, 2025, reflecting a year-on-year increase of 7.6% [1] Financial Performance - Gross profit reached HKD 840 million, marking a year-on-year increase of 7.7% [1] - Adjusted EBITDA was HKD 297 million, up 5.3% year-on-year [1] - Net profit amounted to HKD 194 million, representing a year-on-year increase of 4.9% [1] - Basic earnings per share were HKD 0.0273, with the board declaring a dividend of HKD 0.0055 per share for the period [1]

Group 1 - The company, Emperor Watch and Jewellery (00887), announced a mid-term dividend of HKD 0.0055 per share to be distributed on September 17, 2025 [1]

Core Viewpoint - The company reported a positive growth in its mid-year performance for 2025, indicating a stable financial trajectory in the luxury watch and jewelry sector [1] Financial Performance - Total revenue reached HKD 2.794 billion, representing a year-on-year increase of 7.6% [1] - Gross profit amounted to HKD 840 million, with a year-on-year growth of 7.7% [1] - Adjusted EBITDA was HKD 297 million, reflecting a year-on-year increase of 5.3% [1] - Profit attributable to shareholders was approximately HKD 196 million, showing a year-on-year growth of 6.37% [1] - Basic earnings per share were HKD 0.0273, with an interim dividend of HKD 0.0055 per share [1]

Core Viewpoint - Emperor Watch and Jewellery (00887) announced a mid-term dividend of HKD 0.0055 per share, to be distributed on September 17, 2025 [1] Company Summary - The company is set to distribute a mid-term dividend, indicating a commitment to returning value to shareholders [1]

Core Viewpoint - The company reported a positive growth in its mid-term performance for 2025, indicating a stable financial trajectory in the luxury goods sector [1] Financial Performance - Total revenue reached HKD 2.794 billion, representing a year-on-year increase of 7.6% [1] - Gross profit amounted to HKD 840 million, with a year-on-year growth of 7.7% [1] - Adjusted EBITDA was HKD 297 million, reflecting a year-on-year rise of 5.3% [1] - Profit attributable to shareholders was approximately HKD 196 million, showing a year-on-year increase of 6.37% [1] - Basic earnings per share were HKD 0.0273, with an interim dividend of HKD 0.0055 per share [1]