Time2u International Holding Limited reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported revenue of RMB 162.136 million against RMB 387.229 million a year ago. The decrease in revenue was mainly attributable to the decrease in sales volume of branded watches and OEM watches, continual decrease in the average selling price of both branded watches and OEM watches and sales return from customers of branded watches. Loss before taxation was RMB 45.366 million against profit before taxation of RMB 60.312 million a year ago. Loss attributable to owners of the company was RMB 44.527 million or 3.9 cents per basic and diluted share against profit attributable to owners of the company of RMB 35.050 million or 4.5 cents per basic and diluted share a year ago. Net cash used in operating activities was RMB 35.491 million against net cash generated from operating activities of RMB 48.429 million a year ago.