香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生 或因依賴該等內容而引致的任何損失承擔任何責任。 CHOW TAI FOOK JEWELLERY GROUP LIMITED 周 大 福 珠 寶 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） 股份代號：1929 截 至2023年9月30日 止 六 個 月 中 期 業 績 公 告 及 由2023年10月1日 至11月18日 未 經 審 核 之 主 要 經 營 數 據 周大福珠寶集團有限公司董事會，欣然宣佈本公司及其附屬公司截至2023年9 月30日 止 六 個 月 的 未 經 審 核 中 期 業 績。本 公 告 列 載 本 公 司 的2023/2024中 期 報 告全文，並符合香港聯合交易所有限公司證券上市規則中有關中期業績初步 公告的相關規定。 CORPORATE PROFILE Chow Tai Fook Jewellery Group Limited (the “Group”; SEHK stock code: 1929) was li ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 CHOW TAI FOOK JEWELLERY GROUP LIMITED 周 大福珠寶集團有限公司 （於開曼群島註冊成立的有限公司） 股份代號：1929 截 至2023年9月30日 止 六 個 月 中 期 業 績 公 告 及 由2023年10月1日 至11月18日 未 經 審 核 之 主 要 經 營 數 據 周 大 福 珠 寶 集 團 有 限 公 司 董 事 會，欣 然 宣 佈 本 公 司 及 其 附 屬 公 司 截 至2023年9 月30日 止 六 個 月 的 未 經 審 核 中 期 業 績。本 公 告 列 載 本 公 司 的2023/2024中 期 報 告 全 文，並 符 合 香 港 聯 合 交 易 所 有 限 公 ...

Revenue Performance - Revenue for FY2023 declined by 4.3% year-on-year to HK$94,684 million, impacted by the pandemic in Mainland China, particularly in 3QFY2023[9] - Revenue for the year ended 31 March 2023 was HK$94,684 million, a decrease of 4.3% compared to HK$98,938 million in the previous year[29] - For FY2023, Chow Tai Fook's revenue decreased by 4.3% year-on-year to HK$94,684 million, and core operating profit fell by 5.6% to HK$9,439 million[42] - Revenue in Mainland China decreased by 6.1% to HK$81,623 million in FY2023, with a slight decline of 0.6% on a constant exchange rate basis[130] - Retail revenue in Hong Kong, Macau, and other markets increased by 14.3% in FY2023, driven by the recovery of business in Hong Kong[168] Profitability Metrics - Adjusted gross profit margin improved by 30 basis points to 23.7% during FY2023, while core operating profit margin remained stable at 10.0%[9] - Gross profit for the same period was HK$21,172 million, resulting in a gross profit margin of 22.4%[29] - Core operating profit was HK$9,439 million, with a core operating profit margin of 10.0%[29] - Profit attributable to shareholders was HK$5,384 million, with earnings per share of HK$0.54[29] - Profit attributable to shareholders decreased by 19.8% in FY2023, primarily due to a decline in core operating profit and increased unrealised losses on gold loans[90] Retail Network Expansion - As of March 31, 2023, the total number of CHOW TAI FOOK JEWELLERY POS in Mainland China reached 7,269, surpassing the target of 7,000 for FY2025[9] - The total number of retail points across all markets reached 7,655 as of March 31, 2023, an increase from 6,081 in the previous year[32] - The Group opened a net of 1,631 Chow Tai Fook Jewellery points of sale in Mainland China during FY2023, supported by franchisees[89] - Approximately 90% of the new retail points opened during the financial year were franchised, primarily located in shopping malls and street shops[159] Customer Engagement and Sales Growth - Same-store sales growth (SSSG) in Mainland China decreased by 13.1% for the year ended March 2023, compared to an increase of 11.1% in the previous year[32] - Same-store sales growth (SSSG) in Hong Kong & Macau was 18.3% for the year ended March 2023, compared to a decrease of 41.3% in the previous year[32] - The company aims to enhance store productivity of the existing retail network and deliver exceptional customer experience as part of its future growth plan[9] - Bridal jewellery demand surged with RSV growth exceeding 170% in Hong Kong and Macau in Q4 FY2023, reflecting pent-up consumer demand[68][70] Strategic Initiatives - The Group's strategic priorities include targeted brand positioning, product optimization, operational efficiency, talent cultivation, and accelerated digitalization[9] - The Group aims to enhance brand positioning and customer loyalty through a revamped loyalty program and centralised marketing strategies[84] - The Group is committed to optimising operational efficiency by strengthening franchise management and improving production efficiency[85] - A data-driven culture and digital transformation initiatives are being promoted to enhance business performance and customer experience[85] Market Conditions and Economic Outlook - Mainland China's GDP growth target for 2023 is around 5%, with signs of economic recovery supported by government investment and consumption stimulus measures[53] - The government’s supportive policies in Mainland China are expected to drive retail and economic activity, with a GDP growth target of around 5%[81] - The return of Mainland Chinese tourist spending is anticipated to further recover business in Hong Kong and Macau, benefiting from increased foot traffic[81] Awards and Recognition - The company received the "Best CEO" and "Best CFO" awards, ranking 1st in the Institutional Investor 2022 All-Asia Executive Team Rankings for Consumer/Discretionary category[33] - The company was recognized as the "Most Honored Company" in the same rankings, indicating strong investor relations performance[33] - The company won the "Best Annual Report" award at the HKIRA 8th Investor Relations Awards, highlighting its commitment to transparency and communication[33] - The company achieved a Silver Award for Overall Presentation in the International Annual Report Design Awards 2022, showcasing its excellence in reporting[34] Financial Position - The net gearing ratio as of March 31, 2023, was 27.6%, compared to 28.5% in the previous year[12] - Non-current assets as of 31 March 2023 totaled HK$10,074 million, while total assets were HK$87,341 million[30] - The net current assets were HK$26,245 million, with current liabilities of HK$51,022 million[30] - Operating cash flows before movements in working capital were HK$11,619 million for the year[31]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生 或因依賴該等內容而引致的任何損失承擔任何責任。 CHOW TAI FOOK JEWELLERY GROUP LIMITED 周 大 福 珠 寶 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） 股份代號：1929 截 至2023年3月31日 止 年 度 全 年 業 績 公 告 及 由2023年4月1日 至5月31日 未 經 審 核 之 主 要 經 營 數 據 周大福珠寶集團有限公司董事會，欣然宣佈本公司及其附屬公司截至2023年 3月31日 止 年 度 的 經 審 核 業 績。本 公 告 列 載 本 公 司 的2023年 報 全 文，並 符 合 香港聯合交易所有限公司證券上市規則中有關業績初步公告的相關規定。 2023 CORPORATE PROFILE 企 業 簡 介 Chow Tai Fook Jewellery Group Limited (the “Group”; SEHK stock code: 1929) was listed o ...

Stock Code 股份代號：1929 Interim Report 2022/2023 中期 報 HD chow tai fook jewellery group 周 大 福 珠 寶 第 團 CORPORATE PROFILE Chow Tai Fook Jewellery Group Limited (the "Group"; SEHK stock code: 1929) was listed on the Main Board of The Stock Exchange of Hong Kong in December 2011. The Group's vision is to become the most trusted jewellery group in the world. Founded in 1929, the Group's iconic brand "CHOW TAI FOOK" is widely recognised for its trustworthiness and authenticity, and is renowned for its product design, ...

111/201 chow tai fook jewellery group 周 大 福 珠 寶 集 團 Stock Code 股份代號 : 1929 Annual Report 2022年報 CORPORATE PROFILE 企業簡介 Chow Tai Fook Jewellery Group Limited (the "Group"; SEHK stock code: 1929) was listed on the Main Board of The Stock Exchange of Hong Kong in December 2011. The Group's vision is to become the most trusted jewellery group in the world. Founded in 1929, the Group's iconic brand "CHOW TAI FOOK" is widely recognised for its trustworthiness and authenticity, and is renowned for its product desi ...