Zhi Tong Cai Jing·2025-11-26 01:47Core Viewpoint - Chow Tai Fook's stock fell over 3% following the release of its interim results, reflecting market concerns over declining revenue and profit margins [1] Financial Performance - The company reported a revenue of HKD 38.986 billion for the six months ending September 30, 2025, a year-on-year decrease of 1.07% [1] - Shareholder profit stood at HKD 2.534 billion, showing a slight increase of 0.16% year-on-year [1] - Gross profit margin narrowed by 0.9 percentage points to 30.5%, attributed to limited increases in gold prices affecting retail product margins [1] Regional Performance - Revenue from mainland China decreased by 2.5% to HKD 32.2 billion, with the company focusing on optimizing its store network to enhance retail performance and profitability [1] - The Hong Kong, Macau, and overseas markets experienced a revenue increase of 6.5% to HKD 6.8 billion, benefiting from improved retail conditions and increased foot traffic, with same-store sales in Hong Kong and Macau rising by 4.4% [1] Dividend Announcement - The company declared an interim dividend of HKD 0.22 per share, corresponding to a payout ratio of 86% [1]