Core Viewpoint - The company reported a significant increase in revenue and profit due to effective product differentiation and sales strategies, alongside a favorable market environment with rising gold prices [1] Financial Performance - Revenue increased by 25.6% year-on-year to HKD 6.8 billion [1] - Overall gross margin rose by 2.0 percentage points to a historical high of 34.7% [1] - Operating profit margin improved by 1.6 percentage points to 11.4%, leading to a 45.4% increase in operating profit to HKD 780 million [1] - Net profit for the period increased by 44.1% to HKD 600 million [1] Dividend and Payout - The company proposed an interim dividend of HKD 0.55 per share, with a payout ratio of 52% [1] Market Expansion - The company added 8 new overseas stores during the period and made its first entry into the Vietnamese market [1] - Same-store sales in both Hong Kong, Macau, and overseas markets, as well as the mainland market, recorded double-digit growth from October 1 to November 21, with a notable improvement in the mainland market compared to the second quarter of the fiscal year [1]

薪酬委員會 - 職權範圍書 1. 成立 1.1 根據六福集團（國際）有限公司（「本公司」）於2005年4月7日召開 之董事會會議，董事會（「董事會」）決議成立一個董事會轄下的委 員會，稱為薪酬委員會（「委員會」）。 2. 成員 3. 秘書 第 1 頁 共 5頁 2.1 委員會成員（「成員」）須由董事會委任。委員會由至少三位成員 組成。 2.2 委員會之主席須由獨立非執行董事（「獨立非執行董事」）擔任， 成員須由獨立非執行董事佔大多數。 2.3 如委員會主席及／或被委任之代表缺席時，其餘出席之委員須推選 其中一位成員主持會議。惟當處理有關主席繼任人事宜時，董事會 主席不能出任委員會主席。 3.1 委員會秘書須由本公司之公司秘書擔任。 3.2 委員會可不時委任其他任何具備合適資格及經驗之人士為委員會之 秘書。 4. 法定人數 4.1 會議法定人數最少為兩名成員，並須為獨立非執行董事。正式召開及達 到法定人數出席之委員會會議，應有權行使賦予委員會或其可行使之所 有或任何職權，權力及酌情權。 5. 會議 6. 會議通告 7. 出席會議 會議記錄及書面決議由委員會之秘書存檔。會議記錄之初稿及最終定稿須於會議 後一段合理 ...

第 1 頁 共 2 頁 v 1.1.1 EF001 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 | 六福集團（國際）有限公司 | | 股份代號 | 00590 | | 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9月30日止六個月之中期股息 | | 公告日期 | 2025年11月27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 | 2026年3月31日 | | 宣派股息的報告期末 | 2025年9月30日 | | 宣派股息 | 每 股 0.55 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.55 HKD | ...

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2025年9月30日止六個月之 中期業績公告 摘 要 – 1 – • 有 效 的 產 品 差 異 化 及 銷 售 策 略 帶 動 定 價 首 飾 產 品 銷 售 大 幅 上 升，因 此 本 集團收入較去年同期上升25.6%至68億港元 • 受 惠 於 金 價 上 升 及 毛 利 率 較 高 的 定 價 首 飾 產 品 銷 售 佔 比 增 加，本 集 團 整 體毛利率上升2.0個百分點至34.7%的歷史高位 • 營運槓桿效益帶動經營溢利率提升1.6個百分點至11.4%，經 營 溢 利 因 此 上升45.4%至7.8億港元 • 本集團期內溢利增加44.1%至6.0億港元 • 擬派中期股息為每股0.55港元，派息比率為52% • 海外市場拓展穩健，期內淨增加8間海外店舖，並首次進駐越南市場 • 於2025年10月1日至11月21日，港澳及海外市場與內 ...

Investment Rating - The report assigns a positive investment rating to Luk Fook Holdings (0590.HK) with expectations of significant revenue and profit growth in FY2026H1 [1]. Core Insights - The company anticipates a revenue increase of 20%-30% and a net profit growth of 40%-50% for the six months ending September 30, 2025, driven by rising gold prices, an increase in the sales proportion of priced jewelry products, and operational leverage enhancing profit margins [1]. - Same-store sales have shown a positive trend, with retail value growth of 13% year-on-year from April to June and 18% from July to September, indicating a robust recovery and consumer acceptance despite rising gold prices [2]. - The pricing of gold products continues to perform well, with a 67% year-on-year increase in same-store sales for priced gold products, reflecting strong consumer demand [3]. - The company is expanding its market presence, with a total of 2,634 stores as of September, and plans to open 20 new stores overseas in FY2026, including a recent entry into Vietnam [4]. Financial Summary - Revenue projections for FY2026-2028 are as follows: HKD 15.58 billion in 2026, HKD 17.51 billion in 2027, and HKD 19.42 billion in 2028, representing growth rates of 17%, 12%, and 11% respectively [6]. - The expected net profit for the same period is HKD 1.45 billion in 2026, HKD 1.68 billion in 2027, and HKD 1.89 billion in 2028, with growth rates of 32%, 16%, and 13% respectively [6]. - Earnings per share (EPS) are projected to increase from HKD 1.87 in 2025 to HKD 3.22 by 2028 [6][8].

Core Viewpoint - Luk Fook Holdings (00590) expects a revenue increase of approximately 20% to 30% for the six months ending September 30, 2025, compared to the same period last year, driven by effective product differentiation and sales strategies [1] Group 1 - The significant growth in sales of priced jewelry products is a key factor contributing to the revenue increase [1] - The company anticipates a profit increase of approximately 40% to 50% for the same period, benefiting from rising gold prices and an increased sales proportion of priced jewelry products [1] - Operational leverage is expected to enhance profit margins during this period [1]

Core Insights - The company, Luk Fook Holdings (00590), expects a revenue increase of approximately 20% to 30% for the six months ending September 30, 2025, compared to the same period last year, driven by effective product differentiation and sales strategies that significantly boosted the sales of priced jewelry products [1] - The company anticipates a profit increase of about 40% to 50% during the same period, benefiting from rising gold prices, an increased proportion of priced jewelry sales, and operational leverage enhancing profit margins [1] Revenue Expectations - Revenue is projected to rise by approximately 20% to 30% year-on-year [1] - The growth is attributed to successful sales strategies and product differentiation [1] Profit Projections - Profit is expected to increase by around 40% to 50% compared to the previous year [1] - Key factors contributing to profit growth include rising gold prices and a higher sales proportion of priced jewelry products [1] - Operational leverage is also expected to enhance profit margins [1]

Core Viewpoint - The company expects a significant increase in revenue and profit for the six months ending September 30, 2025, driven by effective product differentiation and sales strategies [1] Revenue Summary - The company anticipates a revenue increase of approximately 20% to 30% compared to the same period last year, primarily due to successful sales of priced jewelry products [1] Profit Summary - The company projects a profit increase of about 40% to 50% year-on-year, benefiting from rising gold prices, a higher proportion of priced jewelry sales, and operational leverage enhancing profit margins [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。 正面盈利預告 本公告乃六福集團（國際）有限公司（「本公司」）及其附屬公司（「本集團」）根據香港 聯合交易所有限公司證券上市規則（「上市規則」）第 13.09 條及香港法例第 571 章證券 及期貨條例第 XIVA 部項下內幕消息條文（定義見上市規則）而發出。 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，根據對本集 團截至 2025 年 9 月 30 日止六個月（「期內」）之未經審核綜合管理賬目草稿進行的初步 審閱為基準，本集團預計期內收入較去年同期升約 20%至 30%，主要由於有效的產品 差異化及銷售策略，成功帶動定價首飾產品的銷售大幅增長。此外，本集團預計期內溢 利較去年同期升約 40%至 50%，主要受惠於金價上漲、定價首飾產品銷售佔比增加及 營運槓桿帶動利潤率的提升。 1 董事會謹此提醒投資者，上述財務數據乃按本集團截至 2025 年 9 月 30 日止六個月之未 經審 ...

Core Viewpoint - The company, a leading Hong Kong jewelry brand, is experiencing operational efficiency improvements and positive same-store sales growth despite challenges from rising gold prices and changing consumer environments [1][2]. Group 1: Company Overview - Established in 1991 in Hong Kong, the company primarily operates under the brand "Luk Fook Jewelry" and has a multi-brand matrix including "Gold to Respect" and "Luk Fook Boutique" [1]. - For the fiscal year 2025, the company achieved revenue of HKD 13.341 billion, with 39.5% from mainland China and 60.5% from Hong Kong, Macau, and overseas markets [1]. - Retail income from offline self-operated stores and e-commerce accounted for 82.7% of total revenue, with a projected increase in fixed-price gold products exceeding 15% [1]. Group 2: Market Trends and Consumer Behavior - The consumption logic for jewelry has evolved to emphasize both fashion and value retention, driven by innovative design and craftsmanship that enhance the fashion appeal of gold [1]. - The company has seen same-store sales growth of 5% and 10% in the second and third quarters of 2025, respectively, indicating a recovery in gross margins and potential stock price appreciation [1]. Group 3: Growth Strategies - The company is actively developing differentiated products that meet market demands, achieving high double-digit same-store growth in gold jewelry sales [2]. - The domestic store optimization focuses on enhancing sales service capabilities and targeting core business districts to sustain same-store growth, while plans to add 50 overseas stores aim to expand global reach [2]. - The recent gold tax reform in Hong Kong is expected to benefit the company by enhancing its brand and price competitiveness, attracting more mainland consumers [2]. Group 4: Financial Projections and Valuation - The company is projected to achieve net profits of HKD 1.501 billion, 1.787 billion, and 2.028 billion for the fiscal years 2026, 2027, and 2028, representing year-on-year growth rates of 36.48%, 19.08%, and 13.44% respectively [2]. - The current market capitalization corresponds to a price-to-earnings ratio of only 9.7X for the fiscal year 2026, with an average dividend yield of 6.26% over the past three years, indicating a favorable investment proposition [2]. - The estimated fair stock price range is set between HKD 31 and HKD 36.5 per share, with an initial coverage rating of "outperform the market" [2].