Core Viewpoint - Chow Tai Fook's performance shows resilience with a recovery in same-store sales driven by improved consumer sentiment and jewelry consumption in key markets [1][2][3] Group 1: Financial Performance - The group's revenue for the period reached HKD 38.986 billion, maintaining stability [2] - Gross profit margin remained above 30%, supported by high-margin pricing jewelry and rising gold prices [2] - Operating profit was HKD 6.823 billion, a year-on-year increase of 0.7% [2] - Profit attributable to shareholders was HKD 2.534 billion, a slight increase of 0.1% year-on-year [2] Group 2: Same-Store Sales Growth - Same-store sales in mainland China increased by 2.6%, while franchise retail points saw a growth of 4.8% [3] - Hong Kong and Macau same-store sales rose by 4.4%, driven by improved retail consumption and increased foot traffic [3] - In Hong Kong, same-store sales increased by 1.8%, while Macau experienced a growth of 13.7% [3] Group 3: E-commerce and Marketing Strategies - E-commerce contributed approximately 18% to the online sales retail value, driven by enhanced customer interaction through live streaming and social media [3] - The company reported over 30% growth in e-commerce retail value during the recent Double Eleven shopping festival [3] Group 4: Gold Price Trends - International gold prices have shown a high-level fluctuation, with prices exceeding USD 4,300 per ounce before retreating to below USD 4,000, but have since stabilized above this level [4] - Domestic gold prices also experienced fluctuations, with prices surpassing CNY 1,000 per gram before returning to above CNY 900, reflecting a year-to-date increase of over 50% [4] - The price of gold jewelry in domestic stores has risen, with prices generally exceeding CNY 1,300 per gram [4]

Core Viewpoint - Chow Tai Fook's performance shows resilience with a recovery in same-store sales driven by improved consumer sentiment and jewelry consumption in key markets [2][3] Group 1: Financial Performance - The group's revenue for the period reached HKD 38.986 billion, maintaining stability [3] - Gross profit margin remained above 30%, supported by high-margin jewelry pricing and rising gold prices [3] - Operating profit was HKD 6.823 billion, a year-on-year increase of 0.7% [3] - Profit attributable to shareholders was HKD 2.534 billion, a slight increase of 0.1% year-on-year [3] Group 2: Same-Store Sales Growth - Same-store sales in mainland China increased by 2.6%, while franchise retail points saw a growth of 4.8% [4] - Hong Kong and Macau same-store sales rose by 4.4%, driven by improved retail sentiment and increased foot traffic [4] - Hong Kong's same-store sales increased by 1.8%, while Macau experienced a growth of 13.7% [4] Group 3: E-commerce and Marketing Strategies - E-commerce has enhanced customer interaction, contributing approximately 18% to online sales revenue [4] - The company has invested in live-streaming channels and marketing strategies targeting younger consumers [4] - During the recent Double Eleven shopping festival, e-commerce retail value grew by over 30% [4] Group 4: Market Conditions - Gold prices have shown high volatility, with international gold prices fluctuating above USD 4,000 per ounce [5][6] - Domestic gold prices also experienced significant increases, with prices surpassing CNY 1,300 per gram [6] - The overall gold price has risen over 50% year-to-date, impacting the pricing of gold jewelry in retail [6] Group 5: Stock Performance - Chow Tai Fook's stock has performed strongly this year, with a cumulative increase of over 120% [4] - The company's latest market capitalization is approximately HKD 150 billion [4]

Core Viewpoint - Chow Tai Fook's performance shows resilience with a recovery in same-store sales driven by improved consumer sentiment and a rebound in jewelry consumption in key markets [2][4]. Financial Performance - The group's revenue remained stable at HKD 38.986 billion, with a gross margin maintained above 30%, supported by high-margin jewelry pricing and rising gold prices [4]. - Operating profit reached HKD 6.823 billion, a year-on-year increase of 0.7%, while profit attributable to shareholders was HKD 2.534 billion, a slight increase of 0.1% [4]. Same-Store Sales Growth - Same-store sales in mainland China and Hong Kong & Macau showed positive growth, with mainland direct retail points increasing by 2.6% and franchise retail points growing by 4.8% [4]. - Hong Kong same-store sales rose by 1.8%, while Macau experienced a significant increase of 13.7% [4]. Product Highlights - The pricing strategy for signature products was a key highlight, with total sales of HKD 3.4 billion, and the contribution of priced jewelry to retail value in mainland China rising from 27.4% to 31.8% [4]. E-commerce Growth - E-commerce played a significant role in driving sales, contributing approximately 18% to online retail value, with a notable growth of over 30% during the Double Eleven shopping festival [5]. Stock Performance - Chow Tai Fook's stock has performed strongly this year, doubling in value with a cumulative increase of over 120%, bringing the company's market capitalization to around HKD 150 billion [6]. Gold Price Trends - Gold prices have shown high volatility, with international gold prices fluctuating above USD 4,000 per ounce, and domestic gold prices also maintaining levels above CNY 900 per gram, both reflecting over 50% year-to-date increases [9][10].