Group 1 - The core viewpoint of the news is that Luk Fook Holdings (00590.HK) reported a decline in revenue for the fiscal year ending March 31, 2025, primarily due to a drop in gold product sales as gold prices reached new highs [1] - The group's revenue for the year was HKD 13.341 billion, a decrease of 12.9% compared to the previous year [1] - Despite the revenue decline, the overall gross profit margin increased by 5.9 percentage points to 33.1%, with gross profit rising by 5.8% to HKD 4.42 billion [1] Group 2 - The net profit for the year decreased by 39.3% to HKD 1.068 billion, influenced by expanded hedging losses of HKD 493 million and a comparison with one-time gains from the acquisition of the King Fook Group in the previous year [1] - Excluding these two factors, the decline in net profit would have been approximately 6.3% [1] - The proposed final dividend is HKD 0.55 per share, with a total annual dividend of HKD 1.10 per share, resulting in a payout ratio of 59% [1] Group 3 - During the year, the company operated a total of 2 brands and 4 sub-brands/product lines, resulting in a net reduction of 296 stores globally [2] - The total number of stores as of March 31, 2025, was 3,287, down from 3,583 in 2024, including 2,805 Luk Fook stores [2] - The company has expanded its King Fook stores to 239, up from 218 in 2024, while also operating various other brands in multiple countries [2]
六福集团(00590.HK)：年度收入下滑12.9%至133亿港元，金价飙升拖累黄金销售但推高毛利率