Time Watch Investments : Annual Report 2019

Time Watch Investments Limited

時計寶投資有限公司

(Incorporated in the Cayman Islands with limited liability)

Stock code: 2033

Annual2019

Report

Performance
Driving	Creativity
with

OUR BUSINESSES

Tian Wang				Other Brands	Watch
Balco Watch	Other Brands	Movements
Watch	(Global)
Business	(PRC)	Business	Trading
Business	Business
			Business
Retail sales	Retail sales	Retail	sales	Global Distribution
Online sales	Sales to watch
distributors
Wholesales to	Online sales
corporate customers

CORPORATE

PROFILE

Time Watch Investments Limited (the "Company" or "Time Watch") and its subsidiaries (collectively, the

"Group") are the leading manufacturer, brand-owner and retailer of watches in the People's Republic of China ("PRC") national brand watch market. Established in 1988, the Group's core proprietary brand, Tian Wang (天王), has been developed into a well-known brand in the PRC. Another proprietary brand of the Group, Balco, which was initially registered in Switzerland in 1986 by an independent third party and acquired by the Group in 2002, offers Swiss-made watches targeting younger mid-income consumers in the PRC.

2019 RESULTS AT A GLANCE

Profit attributable to Owners
of the Company:
HK$305.4 million	Earnings per share - basic:
(2018: HK$291.4m)	HK14.7 cents
+4.8%
(2018: HK14.0 cents)
	+5.0%

Equity attributable to owners

of the Company:

HK$2,223.5 million

(2018: HK$2,100.7m) +5.8%

CONTENTS

1. Financial Highlights

1. Chairman's Statement

1. Management Discussion and Analysis

1. Prospects and Strategies

1. Corporate Events

1. Profile of Directors and Senior Management

1. Corporate Governance Report

1. Directors' Report

1. Independent Auditor's Report

1. Consolidated Statement of Profit or Loss and Other Comprehensive Income
2. Consolidated Statement of Financial Position

1. Consolidated Statement of Changes in Equity
2. Consolidated Statement of Cash Flows

67 Notes to the Consolidated Financial Statements

1. Financial Summary
2. Corporate Information

2	Time Watch Investments Limited
Annual Report 2019

FINANCIAL

HIGHLIGHTS

Time management

is life management.

Time Watch Investments Limited	3
Annual Report 2019

FINANCIAL HIGHLIGHTS

Light & graceful

Contented & gentle

Fille Series