Chow Tai Fook Jewellery Group Ltd

Chow Tai Fook Jewellery Group Ltd. operates as an investment holding company, which engages in the sale of jewellery through its subsidiaries. It operates through the following segments: Jewellery Business in the Mainland China, Business in Hong Kong, Macau, and Other Markets. The company was founded in 1929 and is headquartered in Hong Kong.

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HONG KONG, CHINA / ACCESSWIRE / September 10, 2024 / Chow Tai Fook Jewellery Group Limited ("Chow Tai Fook Jewellery Group", the "Group" or the "Company"; SEHK stock code: 1929), the leading Chinese jeweller built on nearly a century of trust and innovation, is excited to announce the grand opening of its new concept store in Hong Kong.This revitalised retail presence and elevated customer experience marks a significant milestone for the Group as it continues to deliver on the multi-year brand transformation announced in April 2024. Celebrating Legacy, Delivering a Contemporary Retail Experience The new concept store meticulously showcases Chinese culture and exquisite craftsmanship, paying homage to the values which are deeply rooted in Chow Tai Fook's brand.

Chow Tai Fook Jewellery Group Unveils New Concept Store in Central Hong Kong, Advancing Brand Transformation Through Elevated Customer Experience

Results Highlights Embarking on a transformative journey with a vision "To be the leading global jewellery brand that is a trusted lifetime partner for every generation", a steadfast commitment to delivering sustained long-term value creation for all stakeholders The Group's revenue increased 14.8% to HK$108,713 million, or by 18.5% on a constant exchange rate basis. Core operating profit increased 28.9% to HK$12,163 million despite macro uncertainties Return on equity improved 820 basis points to 24.7% while core operating profit margin enhanced 120 basis points to 11.2%, with improvements across all operating markets, a strong testament to the diligent execution of five strategic priorities to strengthen competitiveness and enhance earnings quality Hong Kong, Macau and other markets experienced excellent business momentum, as its revenue climbed 45.6% year-on-year amid the continued recovery in inbound tourism Prudent capital management with strong liquidity and net cash position.

Chow Tai Fook Jewellery Celebrates 95th Anniversary with Record High Revenue and Core Operating Profit for FY2024

HONG KONG, CHINA / ACCESSWIRE / April 20, 2024 / Chow Tai Fook Jewellery Group Limited ("Chow Tai Fook Jewellery Group", the "Group" or the "Company"; SEHK stock code: 1929), the leading Chinese jeweller built on nearly a century of trust and innovation, is proud to announce its sponsorship of the prestigious Paris 100 "China-France badminton friendly exhibition match" ("Paris 100"). This sponsorship coincides with the 60th anniversary of the China-France Year of Culture and Tourism, as well as the exhilarating countdown of 100 days to the 2024 Paris Olympic Games.

Chow Tai Fook Jewellery Group Shines on Global Stage with Paris 100 Sponsorship, Promoting Chinese Craftsmanship to Celebrate 95 Years of Heritage

HONG KONG, CHINA / ACCESSWIRE / April 18, 2024 / Chow Tai Fook Jewellery Group Limited ("Chow Tai Fook Jewellery Group", the "Group" or the "Company"; SEHK stock code: 1929), the leading Chinese jeweller built on nearly a century of trust and innovation, is proud to announce 95 years of legacy, marked by unwavering trust and exquisite craftsmanship. The Group also today announces the launch of a significant brand transformation journey.

Chow Tai Fook Jewellery Celebrates 95-Year Anniversary and Embarks on Brand Transformation Journey

Chow Tai Fook Jewellery Sustained 12.4% Growth in RSV in 4QFY2024, Leveraging Festive Demand and Continuing Transition to Higher Value Growth Results Highlights The Group's Retail Sales Value ("RSV") increased 12.4% in 4QFY2024 which was mainly driven by the strong festive demand, resilient consumption for gold jewellery and a continuing transition to higher value growth. In Mainland China (the "Mainland"), the Annual Sale promotion alongside the successful launch of dragon-themed products, including a new design of HUÁ Collection, captured positive consumption momentum for the Lunar New Year celebration.

Chow Tai Fook Jewellery Group Announces 4QFY2024 Quarterly Results

Results Highlights The Group's Retail Sales Value ("RSV") registered growth of 46.1% during 3QFY2024. This was driven by Hong Kong and Macau of China and other markets which was up 70.8%, thanks to the continued recovery of inbound tourism and our annual sale in December.

Chow Tai Fook Jewellery Posts 46.1% Growth in Retail Sales Value In 3QFY2024, Driven by Steady Progress of Ongoing Transformation

HONG KONG, CHINA / ACCESSWIRE / November 23, 2023 / Chow Tai Fook Jewellery Group announces FY2024 interim results Results Highlights In transition to higher value growth, we are focusing our efforts and making significant strides towards executing our five strategic priorities as part of the transformation journey: brand revamp, product optimisation, accelerated digitalisation, operational efficiency and talent cultivation. Notable progress in rationalising our product portfolio and optimising the product planning process.

Chow Tai Fook Jewellery Group Posts 37.7% Growth in Core Operating Profit to HK$5,989 Million For 1HFY2024 Led By Positive Impact From Ongoing Transformation

Results Highlights The Group's Retail Sales Value ("RSV") registered positive growth of 5.8% during the Quarter. This was driven by Hong Kong and Macau of China and other markets which was up 54.1%, thanks to the progressive return of Mainland tourists.

Chow Tai Fook Jewellery Delivers Strong Sales Growth in Second Quarter FY2024, On Track in Transition to Higher Value Growth

Results Highlights Sustained recovery in general mobility and retail activity in Mainland China (the "Mainland") and Hong Kong & Macau of China, positively impacted Chow Tai Fook Jewellery Group's Same Store Sales Growth ("SSSG") trend during the Quarter. Following the shift in pandemic-control measures, the Group's Retail Sales Value ("RSV") achieved a growth of 29.4% during the Quarter.

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