TimeWatch Bao (02033) issued a profit warning. It is expected that annual shareholders' losses will increase by about HK$80 million to about HK$83 million over the same period last year

According to the Zhitong Finance App, Timepao (02033) announced that the Group expects the loss attributable to the Company's owners to be between HK$80 million and HK$83 million in the 2026 fiscal year, while the loss attributable to the Company's owners is approximately HK$17.5 million for the year ended June 30, 2025. The Board believes that these changes are mainly due to: (i) the Group's revenue for fiscal year 2026 decreased by about 12% compared to fiscal year 2025, mainly due to global trade frictions weakening consumer sentiment in the retail market of the People's Republic of China, which adversely affected local economy and employment growth; (ii) impairment losses on property, plant and equipment and usage rights assets and provision for certain point of sale loss contracts relating to poor performance in the 2026 fiscal year due to poor performance in the Chinese retail market; and (iii) a decrease in other revenue, income and loss due to interest income This is due to losses due to changes in the fair value of financial assets expressed through profit and loss at fair value, and a decrease in net exchange losses.