Summary by Moomoo AI
For the six months ending September 30, 2024, Chow Tai Fook's revenue decreased by 20.4% year-on-year to 39,408 million HKD, primarily affected by macroeconomic factors and fluctuations in gold prices. However, the gross margin increased by 650 basis points to 31.4%, operating profit reached 6,776 million HKD, and the operating profit margin rose to 17.2%. Earnings per share were 0.25 HKD, and the board of directors declared an interim dividend of 0.20 HKD per share. \nManagement pointed out that the brand transformation and product optimization strategy have yielded positive results, particularly strong performance in the sales of priced gold products. Despite weak market demand, Chow Tai Fook remains focused on improving profit quality and has opened its first new concept store in Central, Hong Kong, to further...Show More