According to the Zhitong Finance APP, TIME WATCH (02033) released its interim results for the six months ending December 31, 2025, reporting revenue of HKD 281 million, a year-on-year decrease of 18.2%; the loss attributable to shareholders for the period was HKD 36.853 million, an increase of 237.67% year-on-year; basic loss per share was HKD 0.018.

The announcement stated that the decrease in group revenue was mainly due to a decline in revenue from sales of King of Watches. Since the beginning of 2025, the new U.S. government has imposed a series of high tariffs on most goods imported into the United States, with tariffs on goods imported from China being higher than the average level, triggering a global tariff war. Ongoing international trade frictions and the tariff war have negatively impacted China's economic and employment growth, further weakening consumer confidence in the Chinese retail market, which in turn affected product demand during the reporting period of the group