Chow Tai Fook - CJEWF STOCK NEWS

Chow Tai Fook Jewellery Group (SEHK: 1929) has announced key changes in its financial leadership effective April 1, 2025. Mr. Hamilton Cheng, Executive Director, will transition to focus on strategic capital management, investor relations, and company secretaries duties, while Ms. Karen Yih will assume the role of Chief Financial Officer.

Ms. Yih brings extensive experience from her previous role as CFO of Starbucks China and senior positions at PepsiCo APAC and Starbucks APAC. She will oversee financial management, planning, reporting, operations, risk management, and legal affairs to support the Group's transformation strategy.

This strategic appointment aligns with the company's five strategic priorities for quality expansion and aims to strengthen its position in the evolving global business environment. Founded in 1929, Chow Tai Fook operates an extensive retail network across China and globally, implementing online-to-offline strategies to enhance its omni-channel presence.

Chow Tai Fook Jewellery Group reports mixed financial results for 1HFY2025. Despite a 20.4% revenue decrease to HK$39,408 million, the company achieved a 4.0% growth in operating profit to HK$6,776 million. The gross profit margin improved by 650 basis points to 31.4%, while operating profit margin expanded 400 basis points to 17.2%. The company proposed an interim dividend of HK$0.20 per share and announced a share buy-back program not exceeding HK$2 billion. The company's signature CTF Rouge Collection exceeded HK$1.5 billion in Retail Sales Value since its April launch. However, Same Store Sales declined in both Mainland China and Hong Kong/Macau markets, while other markets showed 8.5% RSV growth.

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.