周大福20241022

record gold prices continue to impact consumption sentiment. We experienced a continued slowdown in gold demand in this quarter, extending from what we observed since June quarter. This is a phenomenon taking place across the industry. During the quarter, the group retail sales value decreased 21%. By market, Mainland China RSV decreased 19.4%, while that of Hong Kong, Macau and other markets declined 31%. Given our experience and track record through business cycles, we expect the demand to normalize at po ...