Summary by Moomoo AI
Chow Tai Fook Jewellery Group Limited announced the unaudited primary company business data and financial performance preliminary data for the three months ended September 30, 2024, and the first half of the year. The report indicates that the group's retail value decreased by 21.0% in the second quarter, with declines of 19.4% and 31.0% in Mainland China, Hong Kong, Macau, and other markets respectively. Same store sales in Mainland China decreased by 24.3%, while in Hong Kong and Macau, it decreased by 30.8%. The average selling price of gold jewelry and products increased in Mainland China as well as in Hong Kong and Macau. The group opened a new concept store in Central, Hong Kong, to enhance customer experience. Additionally, the group's first-half revenue...Show More