Core Viewpoint - The company reported a significant increase in losses and a decline in revenue, primarily due to the impact of high tariffs on imports, particularly from China, amid ongoing international trade tensions [1] Financial Performance - The company achieved revenue of HKD 281 million, representing a year-on-year decrease of 18.2% [1] - The loss attributable to shareholders was HKD 36.853 million, which is an increase of 237.67% compared to the previous year [1] - The basic loss per share was HKD 0.018 [1] Market Impact - The decline in revenue is attributed to decreased sales from the Tianwang watch brand [1] - The new U.S. government's imposition of high tariffs on a wide range of imported goods, particularly those from China, has intensified global trade tensions [1] - Ongoing international trade friction and tariff wars have negatively affected China's economy and employment growth, further weakening consumer confidence in the Chinese retail market, which in turn impacted product demand during the reporting period [1]