时代中国控股2025中期报告

(Incorporated in the Cayman Islands with limited liability)(於開曼群島註冊成立的有限公 司) Stock Code股份代號：1233 中期報告 目錄CONTENTS 2Corporate Information6Financial Highlights8Business Review47Corporate Governance and Other Information56Interim Condensed Consolidated Statement of Profit or Loss57Interim Condensed Consolidated Statement ofComprehensive Income58Interim Condensed Consolidated Statement of Financial Position60Interim Condensed Consolidated Statement of Changes in Equity62Interim Condensed Consolidated Statement of Cash Flows65Notes to Interim Condensed Consolidated Financial Information CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Shum Chiu Hung(Chairman and Chief Executive Officer)Mr. Guan JianhuiMr. Bai XihongMr. Li QiangMr. Shum Siu HungMr. Niu Jimin Independent Non-executive Directors Mr. Jin QingjunMs. Sun HuiMr. Wong Wai Man COMPANY SECRETARYMs. Yu Wing Sze AUTHORISED REPRESENTATIVESMr. Li QiangMs. Yu Wing Sze AUDIT COMMITTEE Mr. Wong Wai Man(Chairman)Mr. Jin QingjunMs. Sun Hui REMUNERATION COMMITTEE Ms. Sun Hui(Chairman)Mr. Shum Chiu HungMr. Wong Wai Man CORPORATE INFORMATION NOMINATION COMMITTEE Mr. Shum Chiu Hung(Chairman)Mr. Jin QingjunMs. Sun Hui REGISTERED OFFICE Windward 3Regatta Office ParkPO Box 1350Grand CaymanKY1-1108Cayman Islands Windward 3Regatta Office ParkPO Box 1350Grand CaymanKY1-1108Cayman Islands PRINCIPAL PLACE OF BUSINESS IN THEPEOPLE’S REPUBLIC OF CHINA 36-38/F, Times Property Center410-412 Dongfeng Zhong RoadGuangzhouGuangdong ProvincePRC 410-41236-38 PRINCIPAL PLACE OF BUSINESS INHONG KONG 5501-2 Suites 501-2, 5/FICBC TowerThree Garden RoadCentralHong Kong CORPORATE INFORMATION PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkPO Box 1350Grand CaymanKY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkPO Box 1350Grand CaymanKY1-1108Cayman Islands HONG KONG SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong LEGAL ADVISERS 839 As to Hong Kong and U.S. law:Sidley AustinLevel 39, Two International Finance Centre8 Finance StreetCentralHong Kong 112-14 As to PRC law:Commerce & Finance Law Offices12-14/F, China World Office 2No. 1 Jianguomenwai AvenueChaoyang DistrictBeijingChina 979353505-06 As to Cayman Islands law:ApplebySuites 3505-06, 35/FTwo Taikoo Place979 King’s RoadQuarry BayHong Kong CORPORATE INFORMATION INDEPENDENT AUDITOR 186603A Kenswick CPA LimitedCertified Public AccountantsRegistered Public Interest Entity AuditorUnit 603A, 6/F.Tower 1Admiralty Centre18 Harcourt RoadHong Kong 1233 STOCK CODE 1233 www.timesgroup.cn COMPANY’S WEBSITE www.timesgroup.cn PRINCIPAL BANKERS Industrial and Commercial Bank of China LimitedAgricultural Bank of ChinaChina Construction BankBank of ChinaShanghai Pudong Development BankPing An Bank Co., Ltd.China Merchants Bank FINANCIAL HIGHLIGHTS BUSINESS REVIEW OVERVIEW 2,267.962.8%3,417.9586.53,417.92.60.63,415.92,827.92,831.44.61.1588.03,436.1418.2163144 For the six months ended 30 June 2025 (the “Period”), Times ChinaHoldings Limited (the “Company”, together with its subsidiaries,collectively, the “Group”) recorded a revenue of RMB2,267.9 million,representing a decrease of 62.8% when compared with the six monthsended 30 June 2024. Loss for the Period amounted to RMB3,417.9million for the six months ended 30 June 2025, representing anincrease of RMB586.5 million as compared to the loss for the periodfor the six months ended 30 June 2024. Core net loss(Note)for the sixmonths ended 30 June 2025 (net loss of RMB3,417.9 million lessfair value loss of self-owned investment properties of RMB2.6 millionand net of the impact of the related deferred tax of RMB0.6 million)was RMB3,415.9 million, representing an increase of RMB588.0million from the core net loss for the six months ended 30 June 2024amounting to RMB2,827.9 million (net loss of RMB2,831.4 millionless fair value loss of self-owned investment properties of RMB4.6million and net of the impact of the related deferred tax of RMB1.1million). Loss attributable to the owners of the Company for the sixmonths ended 30 June 2025 was RMB3,436.1 million, representing anincrease of RMB418.2 million as compared to the loss attributable tothe owners of the Company for the six months ended 30 June 2024.Basic and diluted loss per share for the six months ended 30 June2025 was RMB163 cents (basic and diluted loss per share for the sixmonths ended 30 June 2024: RMB144 cents). Note:The Group believes that the presentation of core loss, being a non-IFRS measure, will facilitate the evaluation of financial performanceof the Group by excluding the impact of certain non-operating items(being the fair value loss of self-owned investment properties andthe related deferred tax) which the Group does not consider to beindicative of the ope