, APAC
235 views
Source: Chow Tai Fook Jewellery

Chow Tai Fook Jewellery shines as profit grows 11% in 2022

Profit rose to HK$6.71b during the year ended March 2022.

Chow Tai Fook Jewellery increased 11.4% to HK$6,71b in the year ended March 2022, up from HK$6.02b. 

The Group attributed the profit increase to the positive growth momentum in Mainland China, as well as Hong Kong and Macau in the first three quarters of the year. 

Full-year same store sales (SSS) in Mainland China grew 11.1% whilst Hong Kong and Macau saw their SSS jump by 7% and by 96.9%, respectively. 

The Group’s revenue registered a 41% increase to HK$98.93b in FY 2022. This reflected a compound annual growth rate of approximately 14% from 2019. 

Moreover, Chow Tai Fook Jewellery reported its retail network expanded to 5,902 POS, as of March 2022. In Mainland China alone, 1,361 POS were opened during the year; whilst a net of 6 POS were recorded in Hong Kong and a net of 5 POS across other markets, such as Malaysia and Singapore. 

Moving forward, the Group remains “cautiously optimistic” as the impact of the pandemic and other economic uncertainties linger. 

“Amid an ever-changing business environment, we are ready to take our business to the next level, leveraging on the foundation we have built together over time,” Henry Cheng, Chairman of Chow Tai Fook Jewellery Group, said.

Read also: China on track to become world’s largest luxury market by 2025China on track to become  

 

 

Follow the link for more news on

Swarovski menguasai TikTok untuk perluas skala luxury di kalangan Gen Z

Produsen Kristal asal Austria ini bekerja sama dengan influencer untuk menjangkau pasar Singapura.

Dear Me Beauty berencana membuka flagship store

Store ini dapat menjadi fondasi bagi pertumbuhan pasar yang lebih luas.

Kawan Lama Indonesia mengaburkan batas antara belanja online dan offline

Pengunjung  platform e-commerce grup, Ruparupa.

Mal-mal di Filipina menarik pengunjung dengan pengalaman liburan yang lengkap

Pengunjung diperkirakan akan datang setelah jam kantor hingga larut malam.

Urban Revivo membuka cabang terbesar di Bangkok

Peritel fast fashion asal Cina ini membuka toko seluas 3.

Samsonite memanfaatkan data untuk tingkatkan penjualan

Produsen koper asal AS ini meningkatkan saluran daring untuk mendorong pendapatan di Asia Tenggara.

Belanja hyper-personalisasi jadi tren utama di Asia Tenggara

Data dan analitik memungkinkan brand mengoptimalkan pengalaman shopper baik secara daring maupun di toko fisik.

SSI Group meningkatkan investasi dalam ritel terpadu

Perusahaan yang menaungi brand-brand seperti Hermes dan Cartier ini sedang menyempurnakan omnichannelnya.

Peritel Asia-Pasifik manfaatkan subscriber untuk dorong pertumbuhan

Subscription menjadi sumber pendapatan yang stabil selama masa penurunan ekonomi.