CHOW TAI FOOK JEWELLERY - CJEWF STOCK NEWS

Chow Tai Fook Jewellery Group (SEHK: 1929) has unveiled a new concept store in Central Hong Kong, marking a significant milestone in its brand transformation. The 2,880 square-foot store on Queen's Road Central showcases Chinese culture and craftsmanship, blending heritage with modernity. Designed by Sue Loughry, the store features a gallery-like aesthetic, collection-based layout, and the iconic 'Chow Tai Fook Timeless Red' color.

The store opening is part of a multi-year brand transformation announced in April 2024, aimed at delivering an elevated customer experience. It precedes the launch of a five-storey Shanghai flagship store in 2025. To celebrate, an in-store exhibition will run from September 10-24, showcasing historical artifacts.

Chow Tai Fook Jewellery celebrates its 95th anniversary with significant financial growth for FY2024. The company's revenue rose by 14.8% to HK$108.7 billion, and core operating profit surged by 28.9% to HK$12.2 billion. Return on equity improved by 820 basis points to 24.7%, and core operating profit margin increased by 120 basis points to 11.2%, showing improvements across all markets. The business momentum was driven by strong performance in Hong Kong, Macau, and other markets, with revenue climbing 45.6% year-on-year due to increased inbound tourism. The company also unveiled new consumer-facing logos and the CTF Rouge Collection as part of its brand transformation. The group maintained strong liquidity and a net cash position, focusing on improving inventory turnover. The board proposed a final dividend of HK$0.30 per share, leading to a full-year dividend of HK$0.55 per share. The group remains cautiously optimistic for FY2025, focusing on enhancing store productivity and disciplined cost management to ensure margin resilience.

Chow Tai Fook Jewellery Group sponsors the prestigious Paris 100 event, celebrating Chinese-French cultural ties and promoting Chinese craftsmanship globally. The event marks the 60th anniversary of China-France cultural exchange and the countdown to the 2024 Paris Olympics. The sponsorship showcases the Group's commitment to cultural exchange and art appreciation, reinforcing its vision as the leading global jewellery brand.

Chow Tai Fook Jewellery Group celebrates its 95-year legacy of trust and craftsmanship with a brand transformation journey. The Group aims to be the leading global jewellery brand, upholding Chinese culture and craftsmanship. They are refreshing their retail presence, launching a new logo, and introducing a commemorative Rouge Collection. The Group is also committed to sustainability initiatives and shaping a sustainable future.

Chow Tai Fook Jewellery experienced a 12.4% growth in Retail Sales Value in 4QFY2024, driven by festive demand and a transition to higher value growth. Mainland China saw a 12.4% RSV increase due to strong festive demand and successful product launches. Franchised stores in Mainland China grew by 18.3%. Hong Kong, Macau, and other markets saw a 12.8% RSV growth. Digital engagement and online sales contributed significantly. Gold jewellery demand remained strong with a focus on zodiac-themed products. Chow Tai Fook remains on track in transitioning to higher value growth.

Chow Tai Fook Jewellery Group Limited (SEHK stock code: 1929) announced a 46.1% growth in Retail Sales Value during 3QFY2024, driven by strong festive demand in Mainland China and Hong Kong and Macau. Same Store Sales increased by 66.6% in Hong Kong and Macau and 22.7% in Mainland China, with positive responses to new product launches and a transition to fixed pricing for selective gold jewelry products.

Chow Tai Fook Jewellery Group Limited (1929:SEHK) announces FY2024 interim results, with revenue increasing by 6.4% to HK$49,526 million, core operating profit growing by 37.7% to HK$5,989 million, and profit attributable to shareholders rising by 36.4% to HK$4,551 million. The company's strategic priorities, including brand revamp, product optimization, digitalization, operational efficiency, and talent cultivation, have led to notable progress and sustainable long-term stakeholder value creation.

Chow Tai Fook Jewellery Group Limited has published its first-ever '2023 Jewellery Consumer Trends Report' highlighting the market opportunity for natural diamonds and pure gold in China. The report indicates a positive outlook for China's jewellery industry, with 61% of consumers surveyed wearing pure gold jewellery as daily accessories and 74% regarding natural diamonds as more valuable compared to lab-grown diamonds. The report also emphasizes the emotional value of natural diamonds and the appeal of pure gold jewellery for Chinese traditions and culture.

Chow Tai Fook Jewellery delivers strong sales growth in second quarter FY2024, on track in transition to higher value growth