Understanding the Market | ZHOU LIU FU rose nearly 6% in the afternoon, with rapid growth in gold, silver, and jewelry retail, and the company's profitability leading its peers

ZHOU LIU FU's stock price rose nearly 6% in the afternoon, with an increase of 3.62% as of the time of publication, reported at HKD 40.05, with a transaction volume of HKD 78.9403 million. According to data from the National Bureau of Statistics, the retail sales of gold, silver, and jewelry from January to June increased by 11.3% year-on-year. Guosen Securities expects that demand will continue to grow in the second half of the year driven by improvements in product design and craftsmanship. ZHOU LIU FU ranks among the top five in the Chinese jewelry market, with a total of 4,129 stores, and its franchise business model has driven the overall gross profit margin to 25.9%