Chow Tai Fook Jewellery Group Ltd

Chow Tai Fook Jewellery Group Ltd. operates as an investment holding company, which engages in the sale of jewellery through its subsidiaries. It operates through the following segments: Jewellery Business in the Mainland China; and Business in Hong Kong, Macau, and Other Markets. The company was founded in 1929 and is headquartered in Hong Kong.

HONG KONG, CHINA / ACCESSWIRE / April 20, 2024 / Chow Tai Fook Jewellery Group Limited ("Chow Tai Fook Jewellery Group", the "Group" or the "Company"; SEHK stock code: 1929), the leading Chinese jeweller built on nearly a century of trust and innovation, is proud to announce its sponsorship of the prestigious Paris 100 "China-France badminton friendly exhibition match" ("Paris 100"). This sponsorship coincides with the 60th anniversary of the China-France Year of Culture and Tourism, as well as the exhilarating countdown of 100 days to the 2024 Paris Olympic Games.

Chow Tai Fook Jewellery Group Shines on Global Stage with Paris 100 Sponsorship, Promoting Chinese Craftsmanship to Celebrate 95 Years of Heritage

HONG KONG, CHINA / ACCESSWIRE / April 18, 2024 / Chow Tai Fook Jewellery Group Limited ("Chow Tai Fook Jewellery Group", the "Group" or the "Company"; SEHK stock code: 1929), the leading Chinese jeweller built on nearly a century of trust and innovation, is proud to announce 95 years of legacy, marked by unwavering trust and exquisite craftsmanship. The Group also today announces the launch of a significant brand transformation journey.

Chow Tai Fook Jewellery Celebrates 95-Year Anniversary and Embarks on Brand Transformation Journey

Chow Tai Fook Jewellery Sustained 12.4% Growth in RSV in 4QFY2024, Leveraging Festive Demand and Continuing Transition to Higher Value Growth Results Highlights The Group's Retail Sales Value ("RSV") increased 12.4% in 4QFY2024 which was mainly driven by the strong festive demand, resilient consumption for gold jewellery and a continuing transition to higher value growth. In Mainland China (the "Mainland"), the Annual Sale promotion alongside the successful launch of dragon-themed products, including a new design of HUÁ Collection, captured positive consumption momentum for the Lunar New Year celebration.

Chow Tai Fook Jewellery Group Announces 4QFY2024 Quarterly Results

Results Highlights The Group's Retail Sales Value ("RSV") registered growth of 46.1% during 3QFY2024. This was driven by Hong Kong and Macau of China and other markets which was up 70.8%, thanks to the continued recovery of inbound tourism and our annual sale in December.

Chow Tai Fook Jewellery Posts 46.1% Growth in Retail Sales Value In 3QFY2024, Driven by Steady Progress of Ongoing Transformation

HONG KONG, CHINA / ACCESSWIRE / November 23, 2023 / Chow Tai Fook Jewellery Group announces FY2024 interim results Results Highlights In transition to higher value growth, we are focusing our efforts and making significant strides towards executing our five strategic priorities as part of the transformation journey: brand revamp, product optimisation, accelerated digitalisation, operational efficiency and talent cultivation. Notable progress in rationalising our product portfolio and optimising the product planning process.

Chow Tai Fook Jewellery Group Posts 37.7% Growth in Core Operating Profit to HK$5,989 Million For 1HFY2024 Led By Positive Impact From Ongoing Transformation

Results Highlights The Group's Retail Sales Value ("RSV") registered positive growth of 5.8% during the Quarter. This was driven by Hong Kong and Macau of China and other markets which was up 54.1%, thanks to the progressive return of Mainland tourists.

Chow Tai Fook Jewellery Delivers Strong Sales Growth in Second Quarter FY2024, On Track in Transition to Higher Value Growth

Results Highlights Sustained recovery in general mobility and retail activity in Mainland China (the "Mainland") and Hong Kong & Macau of China, positively impacted Chow Tai Fook Jewellery Group's Same Store Sales Growth ("SSSG") trend during the Quarter. Following the shift in pandemic-control measures, the Group's Retail Sales Value ("RSV") achieved a growth of 29.4% during the Quarter.

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