Core Viewpoint - Times Group Holdings (01023.HK) reported a year-on-year revenue decline of approximately 1.4% to around HKD 1.58 billion for the fiscal year ending June 30, 2025, primarily due to weak manufacturing performance [1] Financial Performance - The company recorded a net loss of approximately HKD 178 million for the year, compared to a net profit of about HKD 102 million in 2024 [1] - The significant loss was attributed to a substantial decrease in the fair value of investment properties by approximately HKD 109 million and a one-time major loss of about HKD 83.6 million from the termination of the Cole Haan business [1] - The loss attributable to ordinary equity holders was HKD 0.185 per share [1] Brand Overview - As of June 30, 2025, the company operates three proprietary brands: TUSCAN'S, Fashion&Joy, and Duffy [1] - TUSCAN'S is an Italian premium handbag brand [1] - Fashion&Joy is designed for independent, confident, and fashion-seeking young individuals, offering handcrafted and unique travel bags and business accessories [1] - Duffy is a brand that incorporates traditional Eastern artistic elements, aimed at modern women, with the goal of becoming a new iconic luxury brand in China [1]