Core Viewpoint - The company reported a significant decline in revenue and an increase in losses, primarily attributed to decreased sales from its flagship product, the Tianwang watch, amid ongoing international trade tensions and high tariffs imposed by the new U.S. government [1] Financial Performance - The company achieved revenue of HKD 281 million for the six months ending December 31, 2025, representing an 18.2% year-on-year decrease [1] - The loss attributable to owners for the period was HKD 36.85 million, a substantial increase of 237.67% compared to the previous year [1] - Basic loss per share was reported at 1.8 HKD cents [1] Market Conditions - The decline in revenue is primarily due to a drop in sales from the Tianwang watch, influenced by high tariffs on imports to the U.S., particularly those from China, which are above the average tariff rates [1] - Ongoing international trade disputes and tariff wars have negatively impacted China's economic growth and employment, further weakening consumer confidence in the Chinese retail market, which in turn affected product demand during the reporting period [1]

关键时刻，伊朗外长阿拉格齐表示，伊朗和平核计划没有军事解决方案，唯一的解决办法是外交。他还 表示，伊朗决定起草一份可能的协议草案，以便在下次谈判上讨论该草案，并开始就文本内容进行谈 判。 另外，特朗普政府的关税政策也持续扰动市场。据央视新闻，当地时间2月20日，美国总统特朗普表 示，他将签署一项命令，依据美国《1974年贸易法》第122条，在目前已经征收的常规关税基础上，额 外对全球输美商品加征10%的关税，为期150天，以取代稍早前被美国最高法院认定违法的一些紧急关 税。他还表示，该10%的关税政策预计将在"约三天内"开始生效。 分析认为，与特朗普此前加征关税不同，根据上述条款，这项新关税最多只能持续150天，除非国会批 准延期。美国最高法院当天上午公布裁决，认定美国《国际紧急经济权力法》没有授权总统征收大规模 关税，这意味着特朗普政府关税政策受到重大挫折。 黄金、白银直线拉升 北京时间2月20日晚间，以黄金、白银为首的贵金属市场全线大涨，截至收盘，现货黄金价格大涨 2.2%，重新站上5100美元/盎司；现货白银价格大涨7.96%，报84.625美元/盎司；现货铂金、现货钯金均 大涨超4%。 | < W | ...

Group 1 - The company, Timepiece Treasure (02033), issued a profit warning, expecting a loss of approximately HKD 37 million for the first half of the fiscal year 2026, an increase from a loss of HKD 10.9 million in the same period of 2025 [1] - The board attributes the increased loss to ongoing international trade friction and global economic fluctuations, which have led to a weak retail market in China, resulting in decreased revenue [1] - The group anticipates other comprehensive income of about HKD 26.8 million for the first half of the fiscal year 2026, compared to other comprehensive expenses of approximately HKD 3.6 million in the first half of the fiscal year 2025, with the increase attributed to changes in the fair value of debt instruments [1] Group 2 - Timepiece Treasure is a leading watch developer and retailer in China, primarily offering its own brands, Tian Wang and Baige, and has been engaged in product design, development, parts procurement, assembly, inventory management, promotion, and sales since its establishment in 1988 [1] - In the previous fiscal year, the company reported a significant decline in performance, with revenue of HKD 628.7 million for the fiscal year ending June 30, 2025, representing a year-on-year decrease of 21.75%, and a net loss attributable to shareholders of HKD 15.99 million, a decline of 152.13% year-on-year [1]

格隆汇2月16日丨珠江船务(00560.HK)公告，集团预期于截至2025年12月31日止年度(「有关期间」)之 股东应占未经审核综合溢利约4,100万港元至5,500万港元，较去年同期之股东应占溢利约1亿1703万港元 下跌约53%-65%。有关期间的股东应占未经审核综合溢利预期减少主要由于国际贸易摩擦，其中包括美 国与中国的关税争端，导致集团的货物运输及处理量下跌；以及深中通道于2024年6月30日正式通车亦 对集团的跨境水上客运相关业务表现造成负面影响。 ...

尽管存在上述情况，本集团仍维持稳健的现金流及财务状况以满足业务及发展需求。 有关期间的股东应占未经审核综合溢利预期减少主要由于国际贸易摩擦，其中包括美国与中国的关税争 端，导致本集团的货物运输及处理量下跌;以及深中通道于2024年6月30日正式通车亦对本集团的跨境水 上客运相关业务表现造成负面影响。 珠江船务(00560)发布公告，本集团预期于截至2025年12月31日止年度(有关期间)的股东应占未经审核综 合溢利约4100万港元至5500万港元，较去年同期的股东应占溢利约1.17亿港元下跌约53%-65%。 ...

尽管存在上述情况，本集团仍维持稳健的现金流及财务状况以满足业务及发展需求。 有关期间的股东应占未经审核综合溢利预期减少主要由于国际贸易摩擦，其中包括美国与中国的关税争 端，导致本集团的货物运输及处理量下跌;以及深中通道于2024年6月30日正式通车亦对本集团的跨境水 上客运相关业务表现造成负面影响。 来源：智通财经网 珠江船务(00560)发布公告，本集团预期于截至2025年12月31日止年度(有关期间)的股东应占未经审核综 合溢利约4100万港元至5500万港元，较去年同期的股东应占溢利约1.17亿港元下跌约53%-65%。 ...

Core Viewpoint - The company, 时计宝 (02033.HK), anticipates a significant increase in losses for the first half of the fiscal year 2026, projecting a loss of approximately HKD 37 million compared to a loss of about HKD 10.9 million in the same period of the previous fiscal year, primarily due to ongoing international trade tensions and global economic fluctuations impacting the Chinese retail market [1] Group 1 - The projected loss for the first half of fiscal year 2026 is approximately HKD 37 million [1] - The loss for the first half of fiscal year 2025 was approximately HKD 10.9 million [1] - The board attributes the increased loss to a weak Chinese retail market caused by international trade friction and global economic volatility [1] Group 2 - As of February 13, 2026, the stock price of 时计宝 (02033.HK) closed at HKD 0.33, reflecting a 1.54% increase [1] - The trading volume was 14,000 shares, with a total transaction value of HKD 4,520 [1] - The company's market capitalization is HKD 669 million, ranking 17th in the home light industry sector [1]

Core Viewpoint - The company expects to report a significant increase in losses for the first half of the fiscal year 2026, primarily due to ongoing international trade tensions and global economic fluctuations impacting the Chinese retail market [1] Financial Performance - The company anticipates a loss attributable to shareholders of approximately HKD 37 million for the six months ending December 31, 2025, compared to a loss of about HKD 10.9 million for the same period in the previous fiscal year [1] - The company projects other comprehensive income of approximately HKD 26.8 million for the first half of the fiscal year 2026, a substantial increase from other comprehensive expenses of about HKD 3.6 million in the first half of the fiscal year 2025 [1] Market Conditions - The board attributes the increase in losses to a weak retail market in China, driven by persistent international trade friction and global economic volatility [1]

Core Viewpoint - The company anticipates a significant increase in losses for the first half of the fiscal year 2026, primarily due to ongoing international trade tensions and global economic fluctuations impacting the Chinese retail market [1] Financial Performance - The company expects to record a loss attributable to shareholders of approximately HKD 37 million for the first half of the fiscal year 2026, compared to a loss of about HKD 10.9 million for the first half of the fiscal year 2025 [1] - The company projects other comprehensive income of approximately HKD 26.8 million for the first half of the fiscal year 2026, in contrast to other comprehensive expenses of about HKD 3.6 million for the first half of the fiscal year 2025 [1] Market Conditions - The board attributes the increase in losses to a weak Chinese retail market caused by persistent international trade friction and global economic volatility [1]

Core Viewpoint - The company expects a significant increase in losses for the first half of the fiscal year 2026, primarily due to ongoing international trade tensions and global economic fluctuations impacting the Chinese retail market [1] Financial Performance - The company anticipates a loss attributable to shareholders of approximately HKD 37 million for the six months ending December 31, 2025, compared to a loss of about HKD 10.9 million for the same period in the previous fiscal year [1] - The company projects other comprehensive income of around HKD 26.8 million for the first half of the fiscal year 2026, a substantial increase from other comprehensive expenses of approximately HKD 3.6 million in the first half of the fiscal year 2025 [1] Market Conditions - The board attributes the increase in losses to a weak Chinese retail market caused by persistent international trade friction and global economic volatility [1]