Stock Market Performance - The Hang Seng Index rose 234 points or 0.9% to close at 25,339 points, the China Enterprises Index rose 105 points or 1.2% to close at 9,079 points, and the Hang Seng Tech Index rose 149 points or 2.7% to close at 5,647 points. The total turnover of the market was HK$285.584 billion [1]. - The Shanghai Composite Index rose 54 points or 1.45% to close at 3,825 points, the Shenzhen Component Index rose 246 points or 2.07% to close at 12,166 points, and the ChiNext Index rose 87 points or 3.36% to close at 2,682 points. The total turnover of the Shanghai and Shenzhen stock markets increased to approximately RMB2.55 trillion, setting a record for the A-share market [2]. - The Dow Jones Industrial Average and the Nasdaq Composite both rose 1.9%, the Dow Jones Industrial Average reached a new high, closing 846 points higher at 45,631 points, the Nasdaq Composite rose 396 points to 21,496 points, and the S&P 500 Index closed 96 points or 1.5% higher at 6,466 points, approaching last week's high [2]. Monetary Policy - The People's Bank of China conducted a seven-day reverse repurchase operation of RMB253 billion in the open market on the 21st, with an operating interest rate remaining flat at 1.4%. There were RMB128.7 billion of reverse repurchases due, resulting in a net injection of RMB124.3 billion [2]. - The central parity rate of the RMB against the US dollar was raised by 97 points to 7.1287 [2]. Trade Policy - Canada announced on Friday the cancellation of several countervailing tariffs against the US but maintained a 25% tariff on US automobiles, steel, and aluminum. The policy adjustment will take effect on September 1st [3]. Company Announcements IPO - Aux Group (02580.HK) plans to globally issue 207.16 million shares, with 5% (approximately 10.3582 million shares) for the Hong Kong public offering and 95% (approximately 196.8 million shares) for the international placement. The offering price ranges from HK$16 to HK$17.42 per share, with a maximum fundraising of approximately HK$3.61 billion. The subscription period is from the 25th to noon on the 28th, and it is expected to be listed on September 2nd [4]. Interim Results - Sinopharm Group (01099.HK) reported a turnover of RMB286.043 billion for the six months ended June 30th, a year-on-year decrease of 2.9%. The net profit was RMB3.466 billion, a year-on-year decrease of 6.4%, and the earnings per share were RMB1.11. No dividend was declared [4]. - Zhaojin Mining Industry (01818.HK) reported an income of RMB6.972 billion for the six months ended June 30th, a year-on-year increase of 50.7%. The gross profit was RMB3.05 billion, an increase of 54.3%. The net profit was RMB1.44 billion, a growth of 160.4%, and the earnings per share were RMB0.38. No dividend was declared [4]. - Greentown China (03900.HK) reported an income of RMB53.368 billion for the six months ended June 30th, a year-on-year decrease of 23.3%, due to a 22.7% decrease in the transfer area during the period. The gross profit was RMB7.159 billion, a decrease of 21.4%. The net profit was RMB210 million, a decline of 89.7%, mainly affected by an impairment loss of RMB1.933 billion on related assets. The earnings per share were RMB0.08. No dividend was declared [5]. - Chow Tai Fook Jewellery Group (06168.HK) reported an income of RMB3.15 billion for the six months ended June 30th, a year-on-year increase of 5.2%. The gross profit was RMB827 million, an increase of 8.7%, mainly due to the contribution of the self - operated business model. The net profit was RMB415 million, a growth of 11.9%, and the earnings per share were RMB1.09. An interim dividend of HK$0.45 was declared [5]. - Nine Masts Catering Group (09922.HK) reported an income of RMB2.753 billion for the six months ended June 30th, a year-on-year decrease of 10.1%. The net profit was RMB60.69 million, a decline of 16%, and the earnings per share were RMB0.04. No dividend was declared [5]. - CMOC Group (03993.HK) reported an operating income of RMB94.773 billion for the six months ended June 30th, a year-on-year decrease of 7.8%. The operating cost was RMB74.727 billion, a decrease of 11%. The net profit attributable to shareholders was RMB8.671 billion, a growth of 60.1%, setting a new high for the same period. The earnings per share were RMB0.41. No dividend was declared [5]. - CRRC Corporation Limited (01766.HK) reported an operating income of RMB119.758 billion for the six months ended June 30th, a year-on-year increase of 33%, mainly due to the growth of railway equipment and new industry revenues. The net profit was RMB7.246 billion, a growth of 72.5%, and the earnings per share were RMB0.25. An interim dividend of RMB0.11 was declared [6]. - Dongfang Selection (01797.HK) reported a total revenue of RMB4.392 billion for the fiscal year ended May 31st, a year-on-year decrease of 37.9%. The net profit was RMB5.74 million, a decline of 99.7%, and the earnings per share were RMB0.01. No dividend was declared. The net profit from continuing operations was RMB6.2 million, compared with RMB249 million in 2024. Excluding the financial impact of the sale of Yuhui Tongxing, the net profit from continuing operations was RMB135 million, a growth of 30%. The total operating cost of continuing operations decreased by 38.2% to RMB3 billion, mainly due to the decrease in the inventory cost and logistics cost of self - operated products caused by the decrease in GMV. The gross profit from continuing operations decreased by 17% to RMB1.4 billion, and the gross profit margin increased from 25.9% to 32% [7]. - China National Tobacco Hong Kong (06055.HK) reported an income of RMB10.316 billion for the six months ended June 30th, a year-on-year increase of 18.5%. The gross profit was RMB946 million, a decrease of 1.8%. The net profit was RMB706 million, a growth of 9.8%, and the earnings per share were RMB1.02. An interim dividend of HK$0.19 was declared, compared with HK$0.15 in the same period last year [7].

Core Insights - Zhou Liufu Jewelry Co., Ltd. reported its first financial results since going public, showing a revenue of 3.15 billion yuan for the first half of 2025, a year-on-year increase of 5.2% [1] - The company plans to distribute an interim dividend of 0.45 yuan per share [1] Group 1: Financial Performance - Revenue for the first half of 2025 reached 3.15 billion yuan, with a gross profit of 827 million yuan and a net profit of 415 million yuan, reflecting year-on-year growth of 5.2%, 8.7%, and 11.9% respectively [1] - Online sales became a significant growth driver, generating 1.632 billion yuan in revenue, a 34% increase year-on-year, accounting for 52% of total revenue [1] - The company's online sales during the "618" shopping festival exceeded 700 million yuan, marking a 36% year-on-year growth [1] Group 2: Channel Performance - As of June 30, Zhou Liufu operated 3,760 franchise stores and 97 self-operated stores, with franchise stores making up 97.49% of the total [2] - Franchise revenue declined by 17% to 1.229 billion yuan, while self-operated store revenue fell by 15% to 213 million yuan due to fluctuations in consumer demand and rising gold prices [2] - Same-store sales in the second quarter showed a recovery with a 13.5% year-on-year increase [2] Group 3: Brand and Market Strategy - Zhou Liufu opened its first high-end flagship store, marking a strategic shift towards a premium brand positioning [3] - The company is expanding its international presence, having entered markets such as Thailand, Laos, Vietnam, Cambodia, and Malaysia, with plans to increase overseas stores to 10 by the end of the year [3] - The company aims to enhance customer loyalty and profitability by transitioning its product structure towards lighter and more fashionable items [2][3] Group 4: Market Positioning - The company is focusing on optimizing product design and supply chain efficiency to maintain market competitiveness [2] - Zhou Liufu's inclusion in the Hang Seng Composite Index, effective September 8, is expected to enhance its market visibility [3]

| 與本代表委任表格 | | 未上市股份 | | --- | --- | --- | | 有關之股份數目 | （附註1） | H股 | Zhou Liu Fu Jewellery Co., Ltd. 周六福珠宝股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6168） 於2025年9月19日（星期五）舉行之 2025年第二次臨時股東大會適用的代表委任表格 普通決議案 贊成 （附註4） 反對 （附註4） 棄權 （附註4） 1. 審議及批准本公司2025年半年度利潤分配方案 日期：2025年 月 日 簽署 （附註5） ： 附註： 1. 請填上以 閣下名義登記與本代表委任表格有關的股份數目。如未填上股份數目，則本代表委任表格將被視為與本公司所有以 閣下名義登記 的股份有關。 2. 請用正楷填上全名及地址。 3. 倘擬委任大會主席以外的人士為代表，請刪去「大會主席」字樣，並在空欄內填上 閣下擬委任代表的姓名及地址。凡有權出席大會及於會上投 票的本公司任何股東均有權委任一名或多名（倘彼持有多於一股股份）代表代其出席及投票。倘委任超過一名代表，則須表明每名獲委任代表 所代表的股份數目。受委託代表毋須 ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的股票經紀或其他 註冊證券交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有周六福珠宝股份有限公司的股份，應立即將本通函連同代 表委任表格交予買主或承讓人，或經手買賣或轉讓的銀行、股票經紀或其他代理人，以 便轉交買主或承讓人。 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通函的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通函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。 Zhou Liu Fu Jewellery Co., Ltd. 周六福珠宝股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6168） (1) 2025年半年度利潤分配方案 及 (2) 2025年第二次臨時股東大會通告 本公司謹訂於2025年9月19日（星期五）上午10時正假座中國深圳市羅湖區東曉街道東曉 社區太白路3031號中冠商務大廈23層會議室舉行2025年第二次臨時股東大會（「臨時股東 大會」），有關通告載於本通函。 隨函附奉適用於臨時股東大會的 ...

Group 1 - The company reported a revenue of RMB 3.15 billion for the six months ending June 30, 2025, representing a year-on-year increase of approximately 5.2% [1] - Gross profit reached RMB 827 million, up about 8.7% year-on-year, while net profit was RMB 415 million, reflecting an increase of 11.9% [1] - Online sales generated RMB 1.632 billion, a significant growth of approximately 34% compared to the same period last year, driven by enhanced operational efficiency and deeper collaborations with e-commerce platforms [1] Group 2 - During the 2025 618 shopping festival, the company's self-operated sales GMV across all online platforms exceeded RMB 700 million, marking a year-on-year increase of 36% [1] - The company ranked fourth in the gold category on the Tmall platform during the 618 event [1] Group 3 - The company has been exploring lighter and more fashionable product designs, utilizing strategies such as IP collaborations and combinations of gold with other materials to enhance customer loyalty and profitability [2] - Offline retail sales of marked products saw a volume and sales increase of 73.2% and 44.4% year-on-year, respectively, with offline retail gross margin rising by 12.2% to 41.7% [2] Group 4 - Geopolitical risks and uncertainties related to tariffs have led to a sharp increase in gold prices, putting pressure on end-consumer performance [3] - The company closed 272 stores during the reporting period, resulting in a total of 3,760 franchise stores and 97 self-operated stores as of June 30, 2025 [3] - The store structure has become more balanced, with nearly 50% of stores located in first and second-tier cities, and over 55% of stores situated in shopping centers and department stores [3]

Core Insights - The company reported a revenue of RMB 3.15 billion for the six months ending June 30, 2025, representing a year-on-year increase of approximately 5.2% [1] - Gross profit reached RMB 827 million, up about 8.7% year-on-year, while net profit was RMB 415 million, reflecting an increase of approximately 11.9% [1] - The interim dividend per share is set at RMB 0.45 [1] Online Sales Performance - Online sales generated revenue of RMB 1.632 billion, a year-on-year growth of approximately 34%, driven by improved operational efficiency and deeper collaborations with e-commerce platforms [1] - During the 2025 618 shopping festival, the company's self-operated sales GMV across all online platforms exceeded RMB 700 million, marking a 36% increase year-on-year, with growth rates exceeding 30% for two consecutive years [1] Offline Retail Developments - The company has seen a significant increase in the sales volume and revenue of marked products in offline retail, with growth rates of 73.2% and 44.4% respectively, and an increase in gross margin to 41.7% [2] - The company is focusing on product, brand, and operational synergies to enhance brand development and customer loyalty [2] Store Optimization and Closure - Due to geopolitical risks and economic uncertainties, the company closed 272 stores during the reporting period, resulting in a total of 3,760 franchise stores and 97 self-operated stores as of June 30, 2025 [3] - The store distribution has become more balanced, with nearly 50% of stores located in first and second-tier cities, and over 55% of stores situated in shopping centers and department stores [3]

Group 1 - The core viewpoint of the article is that Zhou Silu (06168.HK) reported an increase in revenue and net profit for the six months ending June 30, 2025, indicating positive financial performance [1] - The group's revenue increased by approximately 5.2% to about RMB 3,150.4 million [1] - The net profit rose by approximately 11.9% to about RMB 415.3 million [1] Group 2 - The board of directors proposed an interim dividend of RMB 0.45 per ordinary share (tax included) for the six months ending June 30, 2025 [1]

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通告的內 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 就因本通告全部或任何部分內容而產生或因依賴該等內容而引致的任 何 損 失 承 擔 任 何 責 任。 Zhou Liu Fu Jewellery Co., Ltd. 周六福珠宝股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6168） 2025年第二次臨時股東大會通告 茲 通 告 周 六 福 珠 宝 股 份 有 限 公 司（「本公司」）謹 定 於2025年9月19日（星 期 五）上 午10時正假座中國深圳市羅湖區東曉街道東曉社區太白路3031號 中冠商務大廈23層會議室舉行2025年 第 二 次 臨 時 股 東 大 會（「臨時股東大 會」），以 審 議 並 酌 情 批 准 下 列 決 議 案（無 論 有 無 修 訂）。有 關 決 議 案 的 詳 情，請 詳 見 本 公 司 日 期 為2025年8月22日 的 通 函（「通 函」）。除 非 文 義 另 有 所 指，本 通 告 所 用 詞 彙 與 通 函 所 界 定 者 ...

免責聲明 | 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，概不對因 公告全部或任何部份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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 周六福珠宝股份有限公司 | | 股份代號 | 06168 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年6月30日止六個月之中期股息 | | 公告日期 | 2025年8月22日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.45 RMB | | 股東批准日期 | 2025年9月19日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | HKD， 金額有待公佈 | | 匯率 | 有待公佈 | | 除淨日 ...

Financial Performance - Revenue increased by approximately 5.2% from RMB 2,993.9 million for the six months ended June 30, 2024, to approximately RMB 3,150.4 million for the six months ended June 30, 2025[2] - Gross profit rose by about 8.7% from RMB 761.1 million to approximately RMB 827.2 million during the same period[2] - Net profit increased by approximately 11.9% from RMB 371.2 million to approximately RMB 415.3 million[2] - Total comprehensive income for the period was approximately RMB 413.7 million, compared to RMB 371.9 million in the previous period[5] - Total revenue for the six months ended June 30, 2025, was approximately RMB 3,150,422,000, representing an increase from RMB 2,993,916,000 for the same period in 2024, reflecting a growth of 5.2%[15] - Revenue from gold jewelry sales was RMB 2,533,982,000 for the six months ended June 30, 2025, compared to RMB 2,319,784,000 in 2024, indicating an increase of 9.2%[15] - The company’s service revenue for the six months ended June 30, 2025, was RMB 381,258,000, down from RMB 429,363,000 in 2024, a decrease of 11.2%[15] - Total revenue for the period was RMB 3,150.42 million, an increase of approximately RMB 156.51 million or 5.2% compared to RMB 2,993.92 million in the previous year[60] Earnings and Dividends - The basic and diluted earnings per share increased from RMB 1.01 to RMB 1.09[4] - Declared dividends for the six months ended June 30, 2025, were RMB 196,931,000, significantly lower than RMB 644,466,000 in 2024, a decrease of 69.5%[29] - The board has proposed an interim dividend of RMB 0.45 per ordinary share for the six months ending June 30, 2025, totaling approximately RMB 198,277,212.60[88] Assets and Liabilities - Non-current assets totaled approximately RMB 709.3 million as of June 30, 2025, compared to RMB 655.8 million as of December 31, 2024[6] - Current assets increased to approximately RMB 4,378.1 million from RMB 3,301.8 million[6] - Cash and bank balances significantly rose from RMB 561.7 million to RMB 1,674.6 million[6] - The total current liabilities amounted to RMB 1,101,955,000 as of June 30, 2025, down from RMB 1,330,486,000 as of December 31, 2024, a decrease of 17.2%[7] - The company’s total assets minus current liabilities were RMB 3,985,488,000 as of June 30, 2025, compared to RMB 2,627,085,000 as of December 31, 2024, reflecting an increase of 51.5%[7] - The company’s non-current liabilities totaled RMB 71,834,000 as of June 30, 2025, compared to RMB 49,479,000 as of December 31, 2024, representing an increase of 45.4%[7] - The company’s interest-bearing bank borrowings were RMB 352,504,000 as of June 30, 2025, down from RMB 612,754,000 as of December 31, 2024, a decrease of 42.5%[7] Operational Highlights - The company operates through a franchise model, self-operated stores, and online sales channels, providing a variety of jewelry products[42] - The company has a comprehensive offline store network and online sales channels, enhancing its brand recognition and market reach[42] - Online sales revenue reached RMB 1,631.9 million, representing a 34% increase year-on-year, attributed to improved operational efficiency and deeper collaborations with e-commerce platforms[43] - During the 2025 618 event, the group's online sales GMV exceeded RMB 700 million, a 36% year-on-year increase, maintaining over 30% growth for two consecutive years[44] - The sales volume and revenue of branded products in offline retail increased by 73.2% and 44.4% respectively compared to the same period last year, with offline retail gross margin rising by 12.2% to 41.7%[45] - The group closed 272 stores during the reporting period, resulting in a total of 3,760 franchise stores and 97 self-operated stores as of June 30, 2025[46] - Franchise model revenue decreased by 17% to RMB 1,228.7 million, while online sales channel revenue increased by 34% to RMB 1,631.9 million, accounting for 52% of total revenue[49] Strategic Initiatives - The company plans to enhance product development and marketing strategies targeting younger consumers through new media channels[54] - The company aims to expand its self-operated stores to approximately 200 within three years, enhancing brand presence in mid to high-end markets[55] - The company has opened 6 stores in Southeast Asia and plans to increase this number to 10 by the end of the year, while also expanding its overseas e-commerce operations[57] - The company will continue to strengthen its online e-commerce business by investing in product, marketing, and logistics resources[58] - The company is set to launch upgraded versions of its brand-specific product series, promoting Eastern culture and contemporary styles[53] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the interim financial performance and confirmed compliance with relevant accounting standards and regulations[94] - The board of directors consists of four executive directors and three independent non-executive directors, ensuring a diverse governance structure[100] - The company emphasizes compliance with the Hong Kong Stock Exchange listing rules and standards[97] Future Outlook - The overall gold jewelry industry is entering a period of adjustment and consolidation, with increased competition and changing consumer preferences[53] - The company plans to continue seeking strategic investment and acquisition opportunities to achieve long-term growth strategies[80] - The offering is expected to provide the company with additional capital for future growth initiatives[97] - The company is committed to transparency and will provide regular updates to shareholders and potential investors[97]