截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 六福集團(國際)有限公司 呈交日期: 2026年2月5日 I. 法定/註冊股本變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00590 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 800,000,000 | HKD | | 0.1 | HKD | | 80,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 800,000,000 | HKD | | 0.1 | HKD | | 80,000,000 | 本月底法定/註冊股本總額： ...

在当前市场格局下，该行预计将出现两类显著的赢家，包括能够支持高溢价的高端零售商，以老铺黄金 (06181)为代表; 在香港和澳门拥有强大市场布局的零售商，自2025年11月黄金增值税上调以来，该些地 区的门店客流量显著增加。 智通财经APP获悉，中银国际发布研报称，将六福集团(00590)列为行业首选股，并将其目标价上调至 35.9港元。尽管近期金价波动较大，但该行预计今年首季黄金珠宝消费仍将保持强劲。股市带来的财富 效应叠加更为宽松的货币环境，将进一步推动消费者选择珠宝作为价值储存和投资的方式。 ...

星展指出，集团近期的主要利好因素包括金价高企、旅游需求强劲，以及集团在港澳的业务占比高于同 行，带来了定价优势。从中长期来看，门店结构优化以及在东南亚、欧洲的加速扩张，预计将推动海外 业务贡献率从目前的9%提升至10%至15%。 星展发布研报称，六福集团(00590)今年开局强劲，延续了去年底的增长势头，以稳健势头进入2026 年。港澳门店在有利基数及内地旅客消费增长支撑下，实现强劲销售业绩；虽然内地市场面临较高基 数，但仍保持健康需求。管理层预计，在黄金首饰消费的良好表现和持续优化固定价格产品的支撑下， 对今年2月前景感到乐观，预计今年下半年毛利率有望创新高。评级为"买入"，目标价从33.87港元升至 36.74港元。 考虑到今明两年盈利预测上调5%至8%，星展维持明年预测10倍市盈率，与长期平均水平一致；又分别 将今明两年毛利率预测上调0.5、0.25个百分点，至35.1%和35.6%，主要基于黄金需求强劲及金价上 涨。 ...

考虑到今明两年盈利预测上调5%至8%，星展维持明年预测10倍市盈率，与长期平均水平一致；又分别 将今明两年毛利率预测上调0.5、0.25个百分点，至35.1%和35.6%，主要基于黄金需求强劲及金价上 涨。 智通财经APP获悉，星展发布研报称，六福集团(00590)今年开局强劲，延续了去年底的增长势头，以稳 健势头进入2026年。港澳门店在有利基数及内地旅客消费增长支撑下，实现强劲销售业绩；虽然内地市 场面临较高基数，但仍保持健康需求。管理层预计，在黄金首饰消费的良好表现和持续优化固定价格产 品的支撑下，对今年2月前景感到乐观，预计今年下半年毛利率有望创新高。评级为"买入"，目标价从 33.87港元升至36.74港元。 星展指出，集团近期的主要利好因素包括金价高企、旅游需求强劲，以及集团在港澳的业务占比高于同 行，带来了定价优势。从中长期来看，门店结构优化以及在东南亚、欧洲的加速扩张，预计将推动海外 业务贡献率从目前的9%提升至10%至15%。 ...

星展发表研报指，六福集团今年开局强劲，延续了去年底的增长势头，以稳健势头进入2026年。港澳门 市在有利基数及内地旅客消费增长支撑下，实现强劲销售业绩；虽然内地市场面临较高基数，但仍保持 健康需求。管理层预计，黄金首饰消费的良好表现和持续优化固定价格产品的支撑下，对今年2月前景 感乐观，预计今年下半年毛利率有望创新高。 考虑到今明两年盈利预测上调5%至8%，星展将六福目标价从33.87港元上调至36.74港元，评级"买 入"；又分别将今明两年毛利率预测上调0.5、0.25个百分点，至35.1%和35.6%，主要基于黄金需求强劲 及金价上涨。 ...

柳旭 国信证券零售分析师: 好的，各位投资人下午好，我是国信零售分析师刘旭。非常感谢大家百忙之中参加我们的 电话会，因为今天电话会比较多。那这个是我们黄金珠宝系列会议的三场解读之一，六福 集团。4 点先开始解读六福集团。那过去的一周，包括我们后续在晚上的 7 点和 8:30，会 分别去解读老铺黄金和菜百股份过去的一周可以看到六福集团股价涨幅是 17%。老铺涨了 21%，菜白涨幅 10%，都是我们在底部推荐的核心标的，并且这个周末大家可以从社美 的一些平台看到老铺在活动期间，包括整个水贝市场的珠宝消费的热度都是非常高的。 那首先我就给大家汇报一下，4 点钟的会议汇报一下这个六福集团，主题是从代言人到产 品创新，老牌港资珠宝品牌的焕新崛起。提到六福，我觉得还是要简简单介绍一下公司的 业务，因为其实传统珠宝企业名字都比较类似，可能大家会搞混。这是一家香港企业，它 成立于 1991 年的港资品牌，以六福珠宝为这个主品牌。公司其实有几个业务特点，第一 就是它的零售业务占比比较高。主要零售就是它的线下直营和线上电商这两部分， 2025 财年占收入比重是 83%。 那这个意味着在整个消费复苏，或者是黄金消费的热潮下，公司的 ...

Group 1 - The stock of Luk Fook Holdings (00590.HK) has increased by over 5%, specifically rising by 5.83% to reach HKD 31.96 [1] - The trading volume for Luk Fook Holdings amounted to HKD 81.7036 million [1]

Group 1 - The core viewpoint of the article highlights that Luk Fook Holdings (00590) has seen a significant stock price increase of over 5%, with a cumulative rise of more than 35% within the month, currently trading at HKD 31.96 with a transaction volume of HKD 81.70 million [1] - The company reported a same-store sales growth of 15% year-on-year for the third quarter of the fiscal year ending in December 2026, with mainland China showing a growth of 7% and markets outside mainland China growing by 16%, indicating an accelerating trend compared to the previous quarter [1] - CICC noted that the growth in the last quarter exceeded expectations, while Cinda Securities attributed the faster same-store sales growth outside mainland China to the price advantage of products in Hong Kong and Macau, concert events, and the appreciation of the Renminbi, which boosted sales and tourist flow from mainland China [1] Group 2 - Despite gold prices reaching new highs in December 2025, consumer adaptation to high gold prices has not significantly impacted sales, with expectations for better same-store sales performance from January 1 to January 7, 2026, compared to the third quarter [1]

Core Viewpoint - Luk Fook Holdings (00590) has seen a significant stock price increase of over 35% in the month, with a current rise of 5.83% to HKD 31.96, and a trading volume of HKD 81.70 million [1] Group 1: Sales Performance - For the third quarter of the fiscal year ending December 2026, the company's overall same-store sales increased by 15% year-on-year, with mainland China growing by 7% and markets outside mainland China growing by 16% [1] - The sales growth in markets outside mainland China is attributed to the price advantage of products in Hong Kong and Macau, concert events, and the appreciation of the Renminbi, which has boosted tourist flow and sales from mainland China [1] Group 2: Market Conditions - Despite gold prices reaching new highs in December 2025, consumer behavior has adapted to high gold prices, resulting in no significant impact on sales [1] - The company anticipates that overall same-store sales for the period from January 1 to January 7, 2026, will be better than those in the third quarter [1]

Core Viewpoint - Goldman Sachs released a report indicating that while gold prices are expected to rise, the sales resilience of Luk Fook Holdings (00590) needs to be observed, especially considering the high base during the Lunar New Year period. The firm maintains a "Neutral" rating with a target price of HKD 23 [1] Group 1: Sales Performance - For the third quarter of the fiscal year ending in 2026, same-store sales growth for Luk Fook's brand stores in mainland China reached 31% [1] - Same-store sales growth for self-operated stores in mainland China was 7%, which accelerated from the previous quarter's 7%, returning to pre-pandemic levels [1] - In the Hong Kong and Macau markets, same-store sales growth increased from 11% to 16% [1] Group 2: Market Context - Compared to the sales data released by the company in October and November of the previous year, Goldman Sachs believes that growth in the latter half of the last fiscal quarter has slowed, but remains in line with market expectations [1] - The report suggests that the growth was influenced by a gold rush in mainland China last October and the impact of new tax measures leading to an increase in gold prices [1]