Core Viewpoint - The company reported a significant decline in revenue and a shift from profit to loss for the fiscal year 2025, primarily due to decreased sales from its flagship watch brand and the impact of increased tariffs on imports to the United States [1] Financial Performance - Revenue for the fiscal year 2025 is approximately HKD 689 million, representing a year-on-year decrease of about 21.7% [1] - The company recorded a loss attributable to shareholders of approximately HKD 17.5 million for fiscal year 2025, compared to a profit of HKD 33.6 million in fiscal year 2024 [1] - Basic loss per share for fiscal year 2025 is HKD 0.9 cents, while basic earnings per share for fiscal year 2024 were HKD 1.6 cents [1] - A special dividend of HKD 0.1 cents per share is proposed for fiscal year 2025 [1] Market and Economic Context - The decline in revenue is attributed to a decrease in sales from the company's flagship watch brand [1] - The new U.S. government's imposition of high tariffs on most imported goods, particularly those from China, has intensified global trade tensions [1] - Ongoing international trade frictions and tariff wars have negatively impacted China's economic growth and employment, further weakening consumer confidence in the annual retail market in China [1]

Core Viewpoint - The company reported a significant decline in annual performance for the fiscal year ending June 30, 2025, with a notable drop in revenue and a shift from profit to loss [1] Financial Performance - Revenue for the year was approximately HKD 689.4 million, representing a year-on-year decrease of about 21.7% [1] - Gross profit was around HKD 478 million, down approximately 25.5% compared to the previous year [1] - The company recorded a loss attributable to shareholders of approximately HKD 17.5 million, a shift from profit to loss year-on-year [1] - Basic loss per share was reported at HKD 0.009 [1] Dividend Announcement - The company proposed a special dividend of HKD 0.01 per share despite the reported losses [1] Reasons for Performance Decline - The decrease in revenue was primarily attributed to a decline in sales from the Tianwang watch brand [1] - The loss in performance was also influenced by an increase in the fair value change loss of investment properties, which rose from approximately HKD 3.9 million in the fiscal year 2024 to HKD 20.5 million in fiscal year 2025, marking an increase of about HKD 16.6 million [1]

Group 1 - The company reported a revenue of approximately HKD 689.4 million for the fiscal year ending June 30, 2025, representing a year-on-year decrease of about 21.7% [1] - Gross profit was approximately HKD 478 million, down about 25.5% year-on-year [1] - The company recorded a loss attributable to shareholders of approximately HKD 17.5 million, a shift from profit to loss compared to the previous year [1] Group 2 - The decline in revenue was primarily due to a decrease in sales from the Tianwang watch segment [1] - The transition to a loss was mainly driven by the reduction in revenue and an increase in the loss from changes in the fair value of investment properties, which rose from approximately HKD 3.9 million in the fiscal year 2024 to HKD 20.5 million in fiscal year 2025, an increase of about HKD 16.6 million [1] - The basic loss per share was reported at HKD 0.009, and the company proposed a special dividend of HKD 0.01 per share [1]

Core Viewpoint - The transformation of the Nanjing People's Printing Factory into the New Industry Heritage Park represents a significant urban renewal project that aims to integrate cultural heritage with modern commercial and community spaces [1][2]. Group 1: Project Overview - The New Industry Heritage Park is located in Xuanwu District, Nanjing, and is part of the city's urban renewal plan, focusing on cultural tourism, research, exhibitions, and commerce [1]. - The original printing factory, established in 1953, was one of Nanjing's earliest printing enterprises and has undergone significant changes over the decades [1]. - The renovation strategy emphasizes "economic suitability and functional replacement," aiming to enhance the interaction between the building and the city while revitalizing the street interface [1][2]. Group 2: Design and Functionality - The project will respect the original building's structural integrity and minimize disruption to the surrounding community during the renovation [2]. - The first floor will feature daily commercial services and heritage displays, while the second and third floors will focus on heritage experience centers, integrating sales, research, and tourism [2]. - The park will include multifunctional spaces such as a heritage reception area and a small theater to provide comprehensive platforms for showcasing heritage projects [2]. Group 3: Heritage Projects and Collaborations - A variety of quality heritage projects have already been introduced, including traditional crafts like gold and silver craftsmanship, Nanjing paper-cutting, and Jinling bamboo carving [3]. - Innovative brands that blend traditional culture with modern development, such as Zhongshan and Tianwang watches, have also been attracted to the park [3].

Group 1 - The core idea of the news is the launch of the "New Industry · Imprint Intangible Cultural Heritage Industrial Park" in Nanjing, which aims to revitalize intangible cultural heritage (ICH) in modern society and create a comprehensive urban landmark [1][2] - The industrial park is the first of its kind in the country, located in a prime area of Nanjing, integrating industry, ICH, research, sales, and cultural tourism [1][2] - The project emphasizes the importance of preserving historical architecture while modernizing it, creating multifunctional spaces for showcasing ICH [2][3] Group 2 - The park will feature various ICH projects, including traditional crafts such as gold and silver craftsmanship, Nanjing paper-cutting, and Nanjing wood carving, among others [2] - Collaborations with local universities aim to leverage academic research for the systematic transformation of ICH [2] - The event highlighted the vitality of Nanjing's gold foil craftsmanship and provided new ideas for the integration of traditional culture with modern economy [3]