Ge Long Hui·2025-06-19 10:18Group 1 - The company announced the issuance of HKD 8.8 billion convertible bonds maturing in 2030, with a net fundraising of approximately HKD 8.715 billion and an initial conversion price of HKD 17.32 per share, representing a premium of 26.24% over the closing price on June 26 [1] - The funds raised will primarily be directed towards the development of gold jewelry business, store upgrades, and strategic development in domestic and international markets, focusing on high-design products and new store image design to enhance single-store profitability [1][2] - The company reported a 105.5% year-on-year increase in revenue from priced gold jewelry products for the fiscal year 2025, reaching HKD 12.782 billion, with a contribution to retail sales rising by 8.8 percentage points to 14.6% [2] Group 2 - The company opened 5 new image stores in fiscal year 2025, achieving higher productivity than average stores shortly after opening, with an average monthly sales per store exceeding HKD 10 million, up from HKD 9 million the previous year [2] - The profit forecasts for the fiscal years 2026-2028 have been revised upwards to HKD 74.25 billion, HKD 84.14 billion, and HKD 93.28 billion respectively, with corresponding PE ratios of 17.1, 15.1, and 13.6 times [2]