--- title: "LUK FOOK HOLD's annual net profit exceeds 2 billion, setting a new record. \"Consumers adapt to high gold prices,\" with same-store sales in Hong Kong and Macau soaring 40% this season" type: "News" locale: "en" url: "https://longbridge.com/en/news/290842371.md" description: "LUK FOOK HOLD reported a net profit of HKD 2.046 billion for the full year ending in March, an increase of 86% year-on-year, setting a new historical high; revenue reached HKD 17.21 billion, up 29%. Overall same-store sales grew by 17.9%, reversing last year's decline. Benefiting from rising gold prices and an increased proportion of priced jewelry, the gross profit margin rose to 36.7%. Same-store sales in Hong Kong, Macau, and overseas markets increased by 20.8%, while mainland China saw a growth of 4.9%. In the first two months of the new fiscal year, same-store sales in Hong Kong and Macau surged by over 40%. The company plans to declare a final dividend of HKD 1.02 per share and aims to enter at least two new overseas markets in the 2026/27 fiscal year" datetime: "2026-06-25T13:40:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290842371.md) - [en](https://longbridge.com/en/news/290842371.md) - [zh-HK](https://longbridge.com/zh-HK/news/290842371.md) generator: "portal-rs" --- # LUK FOOK HOLD's annual net profit exceeds 2 billion, setting a new record. "Consumers adapt to high gold prices," with same-store sales in Hong Kong and Macau soaring 40% this season LUK FOOK HOLD (590) announced that as of the end of March this year, its annual net profit reached HKD 2.046 billion, an increase of 86% year-on-year, setting a historical high; revenue was HKD 17.21 billion, up 29% year-on-year. The company plans to declare a final dividend of HKD 1.02 per share, an increase of 86% year-on-year, totaling HKD 1.57 for the year, up 43%, with a payout ratio of 45%. ## Overall Same-Store Sales Turned to Growth of 18% LUK FOOK indicated that the overall same-store sales growth during the period was 17.9%, reversing a decline of 25.1% in the same period last year. Among them, same-store sales of gold and platinum products grew by 18.4%, while priced jewelry products increased by 16.7%. The company stated that during the period, benefiting from rising gold prices and an increase in the sales proportion of priced jewelry products, the overall gross profit margin improved by 3.6 percentage points to 36.7%. By business region, the overall same-store sales in Hong Kong, Macau, and overseas markets turned to growth of 20.8%; same-store sales in mainland China also grew by 4.9%. LUK FOOK also pointed out that during the period from April to June 21 of the new fiscal year, same-store sales in Hong Kong, Macau, and overseas markets recorded over 40% growth, while overall same-store sales in the mainland market grew by more than 20%. LUK FOOK stated that consumers have gradually adapted to high gold prices, thus not significantly negatively impacting the demand for gold jewelry. Despite the ongoing geopolitical risks and no significant improvement in the mainland macro economy, the mainland government is vigorously promoting domestic demand and launching various policies to support the property and capital markets, so the company remains cautiously optimistic about the medium to long-term business prospects in the mainland. ## Goals for This Year: Enter 2 Overseas Markets The company noted that it has begun a new three-year corporate strategy in the last fiscal year, focusing on "overseas market expansion," "market-oriented products," and "operational efficiency optimization." The company is optimistic about the vast development potential of overseas markets, aiming to enter at least 2 countries or regions by the 2026/27 fiscal year, with a net increase of 30 overseas stores. ## CEO Huang Wei-Chang: New Gold Value-Added Tax in Mainland Boosts Hong Kong Business LUK FOOK Chairman and CEO Huang Wei-Chang stated that the macroeconomic outlook is uncertain, exacerbating gold price fluctuations. However, the company's performance in the second half of the fiscal year significantly outperformed the first half, setting historical highs in several key profit indicators, including significant growth in priced jewelry product sales, driving both gross profit margin and gross profit to new highs. He also mentioned that with the implementation of the new gold value-added tax policy in the mainland, the price difference between products in the Hong Kong and Macau markets and the mainland market has widened, attracting more consumers to purchase gold jewelry in Hong Kong and Macau, benefiting retail performance in these markets ### Related Stocks - [00590.HK](https://longbridge.com/en/quote/00590.HK.md) ## Related News & Research - [Luk Fook wins BOCHK low-carbon leadership EcoPartner award for seventh straight year](https://longbridge.com/en/news/297478388.md) - [LUK FOOK HOLD Annual Net Profit HKD2.046B Up 86%; Final DPS HKD1.02](https://longbridge.com/en/news/290900165.md) - [BUZZ-Gold miners rise as bullion prices edge higher](https://longbridge.com/en/news/297804143.md) - [VIVA GOODS Increases Stake in LI NING by 1.15%](https://longbridge.com/en/news/297722268.md) - [Textile federation seeks 10 euro fee on EU fast-fashion imports](https://longbridge.com/en/news/297880087.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**