截至5月29日收盘，六福集团（00590.HK）报18.620港元，较上个交易日上涨0.21%，当日盘中最高价 触及18.800港元，创近一年新高。 资金流向方面，当日主力流入570.766万港元，流出553.584万港元，净流入17.18万港元。 六福集团(国际)有限公司('本公司')及其附属公司(统称'本集团')由一班资深的珠宝专才创办,是香港及内 地主要零售商之一。首间六福珠宝店铺于1991年在香港北角开业,一直秉持'匠心独运、服务为本、以客 为先'的服务宗旨。1997年5月,本集团在香港联合交易所有限公司('联交所')主板上市(股份代号:0590)。 本集团主要从事各类黄铂金首饰及珠宝首饰产品之采购、设计、批发、商标授权及零售业务,现时在中 国内地、中国香港、中国澳门、马来西亚、柬埔寨、菲律宾、老挝、泰国、美国、加拿大及澳洲共11个 国家和地区拥有逾3,470个零售点,本集团将继续于国际市场物色新商机,积极拓展中国及海外市场,以配 合'香港品牌国际演绎'之企业愿景。2024年1月12日,本集团成功取得香港资源控股有限公司('香港资源') (服份代号:2882)的控股权,使其成为本公司的附属公司。这不仅 ...

星展升六福集团目标价至21.03港元 评级"买入" 金十数据5月23日讯，星展发表研究报告指，由于近日市场波动，投资者因经济不确定因素上升而增持 黄金，而部分央行亦因全球能见度低以及对俄罗斯资产冻结的忧虑而买入更多黄金。市场预测至今年底 金价将上升超过10%。六福集团(00590.HK)受惠于不明朗时期潜在的黄金需求增长，3月底止末财季内 地零售收入按年增长1%，港澳地区则跌11%，较对上一季大幅改善。该行提到，六福轻资产模式有利 长远扩张，特别是中国内地低线城市。由于六福的黄金对冲亏损可能高于原先预期，星展对其今明两财 年的净利润预测分别下调11%和10%，维持"买入"评级，并延展估值基础至2026财年，以目标8倍市盈 率计，目标价由17.42港元上调至21.03港元。 ...

智通财经APP讯，六福集团(00590)发布截至2025年3月31日止财政年度第四季度的零售销售表现，尽管 季内金价继续破顶，各地表现保持了第三季的势头，叠加低基数效应，第四季整体零售销售表现优于前 三个季度。 集团2025财年第四季整体零售值(含自营店、品牌店及电子商务业务)及零售收入(含自营店及电子商务业 务)按年变化大致持平。 集团季内整体同店销售为-10%。季内国际平均金价(每盎司兑美元)按年升38%，引致黄金产品的同店销 售跌17%。 定价首饰产品的同店销售自2024年12月起开始转负为正，于本季更大幅改善至+12%，其中定价黄金产 品同店销售在第二季度已经转正，而本季在高基数下仍有79%增长，显示集团锐意以其他定价产品，尤 其以定价黄金产品逐步取代钻石产品的策略非常成功。 于2025年3月31日，集团全球共有3,287间店铺，于第四季净减少56间店铺，跌幅较前三季有所缓和。 集团全球共有159间"六福"自营店，包括74间设于内地、51间设于香港、18间设于澳门及16间设于海 外。于上述日期，连同2,633间内地及13间海外品牌店，集团在世界各地合共设有2,805间"六福"店铺。 除此之外，集团全球 ...

Financial Performance - Total revenue for the six-month period ended September 30, 2023, was HK$7,486,031,000, a significant increase compared to the previous period[28]. - Operating profit for the same period was HK$1,140,331,000, reflecting a strong performance despite rising costs[28]. - The Group's profit attributable to equity holders decreased to HK$434,469,000 for the six-month period ended September 30, 2024, down from HK$942,651,000 in 2023, representing a decline of approximately 54%[12]. - Basic and diluted earnings per share for the period remained the same at HK$0.74, as there were no potential dilutive ordinary shares outstanding[12]. - Overall profit before income tax was HK$1,137,458,000, demonstrating robust financial health[28]. - Total revenue decreased by 27.2% year-over-year to HK$5,449 million, with segment profit down 55.0% to HK$553 million[56]. - Profit for the period dropped by 55.7% to HK$417 million, resulting in a net margin decrease of 4.9 percentage points to 7.7%[95]. - The Group's overall gross profit margin decreased by 6.2 percentage points to 14.4%[113]. Revenue Breakdown - Revenue from retailing in Mainland China reached HK$4,801,201,000, while retailing in Hong Kong and overseas generated HK$1,286,671,000[28]. - Retailing revenue fell by 22.7% to HK$4,660 million, while segment profit dropped 42.2% to HK$383 million, resulting in a segment profit margin of 8.2%[57]. - Gold and Platinum sales decreased by 24.1% to HK$3,689 million, but gross profit increased by 9.5% to HK$1,014 million, leading to a gross margin of 27.5%[58]. - Wholesaling revenue declined by 57.8% to HK$385 million, with a segment profit margin of -12.4%[57]. - Licensing income fell by 26.0% to HK$403,808,000, accounting for 7.4% of total revenue, with a segment profit margin of 59.2%[102]. Operational Changes - The total number of shops in Mainland China decreased to 3,311, down by 179 from the previous year[25]. - The total number of shops in Mainland China decreased by 175 to 3,408 as of September 30, 2024[51]. - The total number of self-operated shops increased by 23 to 257 compared to the previous year[51]. - The number of licensed shops in Cambodia decreased by 199 to 3,123[51]. - The number of self-operated shops in Hong Kong remained at 50, while in Macau, it increased from 16 to 18[134][135]. Financial Position - The Group's bank borrowings decreased to HK$20,000,000 as of September 30, 2024, down from HK$362,000,000 as of March 31, 2024[9]. - Total liabilities of Luk Fook Holdings were HK$3,925,726,000, with bank borrowings of HK$20,000,000 and gold loans of HK$1,388,060,000[19]. - The debt-to-equity ratio improved to 29.7%, a decrease of 1.3 percentage points from 31.0% on March 31, 2024[62]. - The Group's cash and bank balances decreased by 3.2% to HK$1,934 million from HK$1,998 million on March 31, 2024, and down 14.2% year-over-year[62]. - The Group's net cash position decreased by 7.8% to HK$526 million from HK$570 million on March 31, 2024[62]. Inventory and Capital Expenditures - As of September 30, 2024, inventories increased by 3.1% to HK$9,863 million compared to HK$9,567 million on March 31, 2024[62]. - Average inventory turnover days rose significantly by 194 days to 504 days from 310 days on March 31, 2024[62]. - Capital expenditures as of September 30, 2024, totaled HK$3,494,956,000, reflecting an increase from HK$3,304,885,000 as of September 30, 2023[80]. - Capital commitments as of September 30, 2024, amounted to HK$17 million, down from HK$20 million as of March 31, 2024[168]. Market Presence and Brand Strategy - During the review period, Luk Fook Jewellery opened its first Hong Kong-style themed shop in Shanghai, enhancing its market presence[15]. - The company launched a series of new wedding products during the "Sweet Journey" roadshow on May 20, 2024, targeting the luxury market[15]. - The Group has implemented a multi-brand strategy to cater to changing consumer preferences, enhancing its brand portfolio with offerings such as Lukfook Jewellery and Goldstyle[187]. - The Group adopted a multi-brand strategy, introducing various sub-brands to cater to different customer profiles[153]. Risk Management - The Group's activities expose it to various financial risks, including foreign exchange risks, cash flow and fair value interest rate risks, credit risk, liquidity risk, and commodity price risk[9]. - There have been no changes in the Risk Management Committee or risk management policies since March 31, 2024[9]. - The Group's financial risk management information does not include all disclosures required in the annual financial statements[9]. Changes in Employee Count - The number of employees increased to approximately 6,600 as of September 30, 2024, up from 6,200 in 2023, reflecting a growth of about 6.45%[187].

Financial Performance - The group's revenue for the six months ended September 30, 2024, was HKD 5.45 billion, a decrease of 27.2% compared to HKD 7.49 billion in the same period last year[3]. - The overall gross profit margin increased by 4.9 percentage points to 32.7%, while gross profit decreased by 14.4% to HKD 1.78 billion[3]. - Operating profit fell by 53.0% to HKD 536.3 million, with an operating profit margin of 9.8%, down from 15.2%[3]. - Net profit for the period decreased by 55.7% to HKD 417.2 million, and adjusted net profit, excluding gold hedging losses, declined by 27.1% to HKD 647 million[3]. - The total comprehensive income for the period was HKD 681.1 million, compared to HKD 552.8 million in the previous year[19]. - The company reported a basic earnings per share of HKD 0.74, down from HKD 1.61 in the previous year[5]. - The company's net profit dropped by 55.7% to HKD 417,246,000, resulting in a net profit margin decrease of 4.9 percentage points to 7.7%[70]. - The group’s overall revenue declined by 27.2% to HKD 5,449,000,000, with a segment profit of HKD 553,000,000, down 55.0% from the previous year[77]. Dividends and Payouts - The proposed interim dividend is HKD 0.55 per share, with a payout ratio of 74%, up from 45% in the previous year[3]. - The interim dividend declared is HKD 0.55 per share, down from HKD 0.72 per share in 2023, with payment expected on December 24, 2024[146]. Store Operations - The company closed a net of 175 stores during the period[3]. - The group operated a total of 3,408 stores globally as of September 30, 2024, an increase from 3,289 stores in 2023, with a net reduction of 175 stores during the review period[72]. - The number of "Lukfook" stores decreased to 2,769, down from 2,962 in 2023, while "King Fook" stores increased to 140 from 150[73]. - The number of "Luk Fook" self-operated stores in mainland China increased by 5 to 73 as of September 30, 2024[115]. Assets and Liabilities - The total assets as of September 30, 2024, amounted to HKD 17.09 billion, an increase from HKD 16.85 billion as of March 31, 2024[21]. - As of September 30, 2024, total liabilities amounted to HKD 3,925,726, a decrease of 1.6% from HKD 3,990,166 as of March 31, 2024[23]. - The company's equity attributable to shareholders was HKD 13.22 billion, up from HKD 12.86 billion[21]. - The group's total liabilities were HKD 3,926 million, with a debt-to-equity ratio of 29.7%[124]. Revenue Breakdown - Retail sales in Hong Kong, Macau, and overseas reached HKD 4,801,201,000, while retail sales in mainland China were HKD 1,286,671,000[45]. - Retail revenue decreased by 22.7% to HKD 4,660,250,000, accounting for 85.5% of total revenue, compared to 80.5% in 2023[79]. - The group's wholesale revenue dropped significantly by 57.8% to HKD 384,576,000, representing 7.1% of total revenue, down from 12.2% in 2023[80]. - Brand business revenue fell by 26.0% to HKD 403,808,000, making up 7.4% of total revenue, slightly up from 7.3% in 2023[81]. Market Performance - Retail revenue in Hong Kong dropped by 28.7% to HKD 2,214,143,000[99]. - Revenue from the Macau market decreased by 31.9% to HKD 919,397,000[100]. - Total retail revenue from Hong Kong, Macau, and overseas markets fell by 27.5% to HKD 3,437,907,000, accounting for 63.1% of the group's overall revenue[102]. - Retail revenue in mainland China fell by 5.0% to HKD 1,222,343,000, accounting for 63.1% of mainland market revenue[110]. Future Outlook and Strategy - The group plans to continue evaluating the impact of new accounting standards, which are not expected to have a significant effect on the financial statements[34]. - The company plans to continue expanding its market presence and investing in new product development[45]. - The group expects to open approximately 15 new stores in overseas markets within the current fiscal year, focusing on expanding its presence in lower-tier cities in mainland China[134][138]. - The group has launched a new three-year corporate strategy focusing on "mainland market expansion," "brand promotion strategy," and "operational efficiency" to drive future growth[136]. Operational Efficiency and Sustainability - The group aims to improve operational efficiency through supply chain management, automation, big data management, and data analysis systems[141]. - The group is committed to setting long-term carbon reduction goals to enhance its environmental protection efforts[145]. - The group has signed the "Integrity Business Charter" and has been recognized for its contributions to sustainable development, winning multiple awards in the process[143]. Employee and Corporate Governance - The number of employees increased to approximately 6,600, up from 6,200 in 2023[133]. - The board consists of qualified professionals and experienced individuals to ensure a balance of power and authority[150]. Acknowledgments - The company expresses gratitude to employees, shareholders, customers, and stakeholders for their support and contributions[156].

衣 福集] (國際)有限公司 GS (INTERNATIONAL) LIMITED (於百慕達的冊成立之行限 (Incorporated in Barmuda with Li Stock Code BiPhtel : 0590 d Liability) 0 年報 Annual Report 2023/24 & GLOBAL DISTRIBUTION NETWORK 全球分銷網絡 GLOBAL DISTRIBUTION NETWORK 全球分銷網絡 | --- | --- | --- | --- | --- | --- | |------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------- ...

哦豁!香港四大珠宝商也热衷"卖吊牌"?六福集团:加盟费拉高 盈利,难掩增长乏力 导语:加盟费太香了。 作者:市值风云 App:布偶 2023-2024 年,随着黄金价格的持续上涨,大家对黄金关注明显增加了。 2024 年 5 月,国际黄金价格再创新高,国内的"淘金热"也早已从一线城市蔓 延至二三四线城市。黄金零售商也因此都想努力抓住机会,甚至有新闻报道, 山东滨州某购物中心的周大福和老凤祥的员工为抢生意大打出手。 (动图) 一、中国内地市场贡献过半营业利润,加盟模式功不可没 今天风云君也和大家聊聊一个和黄金相关的香港上市公司——六福集团 (00590.HK),一家主要从事珠宝首饰设计、制造和销售的珠宝零售商。 因 其 在 珠 宝 零 售 市 场 占 据 重 要 地 位 , 与 周 大 福 ( 01929.HK ) , 周 生 生 (00116.HK),谢瑞麟(00417.HK)一起被称为是香港四大珠宝品牌。 截至 2023 年 9 月 30 日,创始人黄伟常是公司的实际控制人,通过直接持股和 间接持股的方式(包括通过六福(控股)有限公司),共计持有公司 42.5%的 股份。 2024 财年(注:2023 年 ...

Investment Rating - The report maintains a "Buy" rating for Luk Fook Holdings (590 HK) with a target price of HKD 22.08 [2][5]. Core Insights - The company's revenue for FY24 increased by 28.0% to HKD 15.3 billion, and net profit rose by 37.6% to HKD 1.77 billion, slightly below Bloomberg consensus expectations of HKD 1.84 billion [2]. - The main growth driver has shifted from mainland wholesale to retail in Hong Kong and Macau, with retail revenue increasing by 52.9% to HKD 9.89 billion [2][3]. - The report anticipates a recovery in same-store sales in the second half of the year as gold prices stabilize, and new brands are expected to contribute additional revenue [3]. Summary by Sections Financial Performance - FY24 revenue reached HKD 15.3 billion, a 28.0% increase year-on-year, while net profit was HKD 1.77 billion, up 37.6% [2]. - Revenue breakdown: Retail +45.3%, Wholesale -28.3%, Brand -1.8% [2]. - Retail growth was primarily driven by Hong Kong and Macau, while mainland wholesale saw a decline of 30.0% [2]. Business Structure Adjustment - The company has successfully transitioned its growth engine from embedded products to gold and self-operated channels, with significant increases in profitability from gold and platinum products [3]. - The number of self-operated and franchised stores increased by 81 and 379, respectively, with a same-store sales growth (SSSG) of 31.9% overall [3]. Future Projections - The report has adjusted net profit forecasts for FY25 and FY26 to HKD 1.66 billion and HKD 1.80 billion, respectively, and introduced a new forecast for FY27 at HKD 2.03 billion [2]. - The company is expected to maintain a PE ratio of 7.8x for FY25, based on a five-year average of 10x [2].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 截至2024年3月31日止年度全年業績公告 | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 摘 要 | | • | 收入達 153 億 港 元，較 去 年 同 期 上 升 28.0% ，主 要 受 惠 於 低 基 數 效 應 及 中 國香港特別行政區 1 及中國澳門特別行政區 2 與中國內地 3 的 全 面 ...

智通财经APP讯，六福集团(00590)发布截至2024年3月31日止财政年度第四季度的零售销售表现，集团 2024财年第四季整体零售值(含自营店、品牌店及电子商务业务)按年上升5%，并超越2019财年同季水平 逾五成。整体零售收入(含自营店及电子商务业务)则增长12%，对比2019财年有逾一成升幅。若不计算 香港资源集团的零售数字，集团第四季整体零售值及零售收入按年升幅分别为1%及7%。 中国香港、中国澳门与内地于2023财年第四季全面通关后逐步复常，并出现报复性消费现象，尤其3月 份，因此第四季为本财年基数最高的季度，加上全球央行宽松货币政策预期及增持黄金储备，叠加地缘 政治持续紧张等因素，令金价于3月急升并屡创新高，削弱消费情绪，引致3月份销售放缓，再加上人民 币持续下跌，影响整季表现。 集团季内整体同店销售为-5%，对比疫情前的2019财年，同店销售则有5%的增长，主要依赖黄金产品的 销售，平均金价较2019财年第四季升近六成。 中国香港、中国澳门与内地在2023财年第四季全面通关，在高基数效应及金价高企的情况下，集团中国 港澳市场第四季的整体零售收入按年仍取得一成升幅，并已超越2019财年水平，若撇 ...