智通财经网·2026-01-22 01:47Core Viewpoint - Chow Tai Fook (01929) reported a significant increase in retail value for the third fiscal quarter, with a year-on-year growth of 17.8%, driven by strong sales in mainland China, Hong Kong, and Macau [1] Group 1: Financial Performance - Chow Tai Fook's retail value for the third fiscal quarter increased by 17.8% year-on-year [1] - Same-store sales growth in mainland China reached 21.4% for direct stores and 26.3% for franchise stores [1] - Excluding the watch business, same-store sales growth for direct stores was 25.6% [1] Group 2: Regional Sales Breakdown - Same-store sales in Hong Kong and Macau grew by 14.3% year-on-year, with Hong Kong increasing by 10.1% and Macau by 31.3% [1] - The strong sales growth in mainland China was supported by the performance of signature product lines and jade jewelry, with retail value growth accelerating to 59.6% year-on-year [1] Group 3: Market Dynamics - The company capitalized on the rising gold prices through product innovation and optimized channel positioning, which were key drivers of same-store growth [1] - The demand for weight-based pricing products benefited from the release of pent-up demand and the year-end peak season, contributing to positive performance [1]