Zhi Tong Cai Jing·2026-01-22 01:52Core Viewpoint - Chow Tai Fook (01929) reported a significant increase in retail value for the third fiscal quarter, indicating strong sales growth in both mainland China and Hong Kong/Macau markets [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 Performance - Same-store sales in Hong Kong and Macau grew by 14.3%, with Hong Kong increasing by 10.1% and Macau by 31.3% [1] Group 3: Product Performance - The retail value growth of signature product lines and jade jewelry accelerated, with a year-on-year increase of 59.6% [1] - The company capitalized on the rising gold prices through product innovation and optimized channel positioning, driving same-store growth [1] - Products priced by weight benefited from the release of pent-up demand and the year-end peak season, showing strong performance [1]