CHOW TAI FOOK's retail value in the fourth quarter decreased by 11.6% year-on-year

CHOW TAI FOOK announced that its retail value for the fourth quarter ending March 31, 2025, decreased by 11.6% year-on-year. Among them, the retail value in mainland China fell by 10.4%, while the Hong Kong and Macau markets declined by 20.7%. Despite the impact of macroeconomic factors and high gold prices on consumer willingness, the company's product optimization and Lunar New Year marketing activities drove growth in priced products. Same-store sales in mainland direct-operated stores and franchise stores decreased by 13.2% and 8.7%, respectively. The group closed 395 retail points in mainland China and added 1 retail point in Hong Kong and Macau