Di Yi Cai Jing·2025-10-17 10:36Core Insights - The retail value of Chow Tai Fook Group increased by 4.1% in the second quarter, driven by a significant growth of 43.7% in retail value for priced gold products [1][3] - Same-store sales in mainland China and Hong Kong/Macau showed positive growth, with mainland direct stores achieving a 7.6% increase and franchise stores 8.6% [1][3] - Despite the increase in retail value, overall sales volume declined, with same-store sales volume in mainland China down by 8.6% and in Hong Kong/Macau down by 10% [1][3] Retail Value Growth - Retail value growth in mainland China was 3.0%, while Hong Kong and Macau saw an increase of 11.4% [3] - The percentage contribution of retail value from mainland China was 86.9%, while Hong Kong and Macau contributed 13.1% [3] Same-Store Sales Performance - Same-store sales growth for direct stores in mainland China was 7.6%, while Hong Kong and Macau experienced a growth of 6.2% [3] - The same-store sales volume for jewelry, platinum, and K-gold jewelry increased by 7.2% in mainland China and 5.2% in Hong Kong/Macau [3] - Gold jewelry and products saw a same-store sales growth of 10.6% in mainland China and 10.4% in Hong Kong/Macau [3] Price Adjustments - As of October 17, gold jewelry prices have been raised to 1279 CNY per gram, with investment gold bars also seeing price increases [3][4] - Chow Tai Fook's investment gold bar price rose to 1138 CNY per gram, an increase of 32 CNY from the previous day [3] - Other brands, such as Lao Feng Xiang, have also raised their prices, indicating a trend of price adjustments across the industry [4] Market Conditions - The Shanghai Gold Exchange has issued warnings regarding market instability and significant fluctuations in international precious metal prices, urging members to enhance risk awareness [6]