TIMEWATCH：InterimReport2026.pdf

1、02Time Watch Investments LimitedInterim Report 2026Who We AreWe are the leading manufacturer,brand-owner and retailer of domestic watches in the Peoples Republic of China(the“PRC”).Established in 1988,the Groups core proprietary brand,Tian Wang(天王),has been developed into a well-known and one of the

2、 top national watch brands in the PRC,positioning for the mass market.Another proprietary brand of the Group,Balco,which was initially registered in Switzerland in 1986 by an independent third party and was acquired by the Group in 2002,offers Swiss-made watches targeting younger middle-income consu

3、mers in the PRC.With long brand heritage and reputation in the PRC,we operate an extensive offline sales network of approximately 1,500 directly managed and controlled points of sales together with sales channels in various major e-commerce platforms.MissionWe continue to improve our efficiency in p

4、roduction and store operation through strategically expanding sales network and devote greater effort on e-commerce,enhancing the Groups overall competitiveness.We will continue to focus on achieving good financial performance to deliver stable returns and long term value to our shareholders.We deli

5、ver quality experience to our customers through provision of excellence pre-sale and aftersale service.We hire talents who participate in the success of the Company and will invest in the development of all our employees.VisionWe strive to provide stylish and high-quality watches with reasonable pri

6、ce to customers,strengthen our leading position in the market,deliver sustainable shareholder value to our shareholders and help our employees to grow and share the success of the Company.01Time Watch Investments LimitedInterim Report 2026Contents2Financial Highlights3Management Discussion and Analy