Financial Data and Key Metrics Changes - The group's revenue increased by 25.6% to HKD 6.8 billion compared to the same period last year [3] - Operating profit margin rose by 1.6 percentage points to 11.4%, boosting operating profits by 45.4% to HKD 518 million [4] - Profit attributable to equity holders increased by 42.5% to HKD 619 million, with basic earnings per share rising by 41.9% to HKD 1.05 [4] - Gross profit increased by 33.2% to HKD 2.37 billion, while operating expenses rose by 12.4% to around HKD 1.3 billion [5] - The overall gross margin increased by 2 percentage points to 34.7%, marking a record high for both interim and annual results [4][5] Business Line Data and Key Metrics Changes - Retailing revenue increased by 12.8% to HKD 5.26 billion, accounting for 76.8% of total revenue [8] - Wholesale revenue rose significantly by 119.6% to HKD 1.12 billion, turning a profit of HKD 108 million [9] - Licensing income increased by 16.6% to HKD 471 million, contributing 6.9% of total revenue [9] Market Data and Key Metrics Changes - Revenue from the Hong Kong/Macau/Overseas market increased by 9.9% to HKD 3.86 billion, accounting for 56.4% of total revenue [6] - Revenue from the mainland market surged by 54.2% to HKD 2.98 billion, representing 43.6% of total revenue [8] - Retailing revenue in the mainland increased by 23.6% to HKD 1.5 billion, but recorded a selling loss of HKD 14 million due to gold hedging losses [13] Company Strategy and Development Direction - The company has set a new three-year corporate strategy focusing on overseas market expansion, market-oriented products, and operational efficiency enhancement [17] - Plans to enter at least three additional countries and add a net of 50 overseas shops within three years [18] - The company aims to optimize product mix and enhance product differentiation to meet diverse customer needs [20] Management's Comments on Operating Environment and Future Outlook - Management noted that despite geopolitical tensions and rising gold prices, the group's performance remained strong across all regions [3] - The company expects double-digit growth to continue in the second half of the financial year [40] - Management is optimistic about future growth and network expansion, particularly in overseas markets [66] Other Important Information - The company experienced a net decrease of 174 shops globally, including 173 Luk Fook shops and one 3DG Jewelry shop [4] - The average international gold price increased by nearly 91% year-on-year, impacting sales by weight [10] - The company has integrated ESG principles into its corporate planning and operational decision-making processes [26] Q&A Session Summary Question: Can you compare November sales momentum versus October? - Management indicated that overall sales growth in the mainland market exceeded 30% in November, with fixed-price jewelry products growing faster than gold sales by weight [36] Question: What is the guidance for simple sales growth for the full year of FY 2026? - Management expects double-digit growth to continue in the second half of the year, despite a higher base [40] Question: What is the outlook for gross profit margin next year? - Management stated that if gold prices stabilize, the gross margin would return to standard levels, but they anticipate maintaining a record high gross margin in the second half [44][48] Question: What are the drivers behind the strong performance in wholesale revenue? - The company shifted exclusive and promotional products into the wholesaling business, leading to significant revenue increases [56] Question: How long will the current trend of store closures in mainland China continue? - Management expects a net reduction of around 200 shops for the full year, with fewer closures anticipated in the second half [65]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 截至 2026 年 3 月 31 日止財政年度第二季度及 10 月首兩周之零售銷售表現 (1) 摘要 | | | 集團整體 | | 香港、澳門及海外 | | 內地 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 零售值 | | +18% (6) | | +13% | | +20% | | | | 產品佔比： | 黃金及鉑金 定價首飾 | ：78% ：22% | 黃金及鉑金 定價首飾 | ：70% ：30% | 黃金及鉑金 定價首飾 | ：80% ：20% | | 零售收入 | | +15% | | +13% | | +23% | | | 同店銷售 | | +10% | | +11% | | +3% | | | 店舖數目 | | 3,113 | | 113 | | 3,000 | | 備註︰ (1) 零售銷售數據已包含集團完成收購金至尊集團後 ...

交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 截至 2025 年 3 月 31 日止財政年度第三季度之零售銷售表現 (1) 摘要 | | 集團整體 | | 香港及澳門 | | 內地 | | | --- | --- | --- | --- | --- | --- | --- | | 零售值 | -6% | | -20% | | -2% | | | 產品佔比： | (9) 黃金 及鉑金 ：79% | | 黃金及鉑金 | ：73% | 黃金及鉑金 | ：81% | | | 定價首飾 | ：21% | 定價首飾 | ：27% | 定價首飾 | ：19% | | 零售收入 | -9% | | -20% | | +27% | | | 同店銷售 | -22% | | -24% | | -11% | | | 店舖數目 | 3,343 | | 76 | | 3,239 | | (8) 同店銷售為同一間自營店於可比較期內有完整日營運的銷售比較，有關數據並不包括品牌店及中國 ...