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周大福:2024/2025中期報告

CHOW TAI FOOK: INTERIM REPORT 2024/2025

HKEX ·  Dec 2 17:44

Summary by Moomoo AI

截至2024年9月30日止的2025財年上半年,周大福的營業額同比下降20.4%至39,408百萬港元。儘管收入下降,集團的毛利率提升了650個基點至31.4%,主要得益於零售產品毛利率的改善和定價黃金產品的貢獻增加。經營溢利達到6,776百萬港元,經營溢利率上升至17.2%。管理層指出,宏觀經濟外部因素和金價波動對消費需求造成壓力,但集團專注於品牌轉型和產品優化,推出不同定位的產品以滿足顧客需求。儘管面臨挑戰,集團在定價黃金首飾方面保持了強勁的銷售勢頭。管理層強調,將繼續推進五大策略方針以提升競爭力。展望未來,周大福將繼續關注市場動態和消費趨勢,並優化零售網絡以確保盈利的韌性。隨著中國政府推出的經濟刺激政策,集團對市場復甦持樂觀態度,並計劃在現有及新市場中尋找增長機遇,以實現可持續的長期增長。
截至2024年9月30日止的2025財年上半年,周大福的營業額同比下降20.4%至39,408百萬港元。儘管收入下降,集團的毛利率提升了650個基點至31.4%,主要得益於零售產品毛利率的改善和定價黃金產品的貢獻增加。經營溢利達到6,776百萬港元,經營溢利率上升至17.2%。管理層指出,宏觀經濟外部因素和金價波動對消費需求造成壓力,但集團專注於品牌轉型和產品優化,推出不同定位的產品以滿足顧客需求。儘管面臨挑戰,集團在定價黃金首飾方面保持了強勁的銷售勢頭。管理層強調,將繼續推進五大策略方針以提升競爭力。展望未來,周大福將繼續關注市場動態和消費趨勢,並優化零售網絡以確保盈利的韌性。隨著中國政府推出的經濟刺激政策,集團對市場復甦持樂觀態度,並計劃在現有及新市場中尋找增長機遇,以實現可持續的長期增長。
As of September 30, 2024, in the first half of the fiscal year 2025, chow tai fook's operating revenue decreased by 20.4% year-on-year to 39,408 million Hong Kong dollars. Despite the decline in revenue, the group's gross margin increased by 650 basis points to 31.4%, mainly benefiting from the improvement in the gross margin of retail products and the increased contribution from priced gold products. Operating profit reached 6,776 million Hong Kong dollars, and the operating profit margin rose to 17.2%.Management pointed out that external macroeconomic factors and fluctuations in gold prices put pressure on consumer demand, but the group is focusing on brand transformation and product optimization, launching products positioned differently to meet customer needs. Despite facing challenges, the group maintained strong sales...Show More
As of September 30, 2024, in the first half of the fiscal year 2025, chow tai fook's operating revenue decreased by 20.4% year-on-year to 39,408 million Hong Kong dollars. Despite the decline in revenue, the group's gross margin increased by 650 basis points to 31.4%, mainly benefiting from the improvement in the gross margin of retail products and the increased contribution from priced gold products. Operating profit reached 6,776 million Hong Kong dollars, and the operating profit margin rose to 17.2%.Management pointed out that external macroeconomic factors and fluctuations in gold prices put pressure on consumer demand, but the group is focusing on brand transformation and product optimization, launching products positioned differently to meet customer needs. Despite facing challenges, the group maintained strong sales momentum in priced gold jewelry. Management emphasized that it will continue to advance five major strategic guidelines to enhance competitiveness.Looking ahead, chow tai fook will continue to pay attention to market dynamics and consumer trends and optimize the retail network to ensure profitability resilience. With the economic stimulus policies introduced by the china government, the group is optimistic about market recovery and plans to seek growth opportunities in existing and new markets to achieve sustainable long-term growth.
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