Chow Tai Fook Hits HK$94.7B Revenue, Opens 7,000 Stores in China Ahead of Schedule

6月 12, 2023

Chow Tai Fook Jewelry Group Ltd., the jewelry giant based in Hong Kong, released its financial results for the fiscal year 2023, covering the period from April 1, 2022, to March 31, 2023. The company reported a 4.3% year-on-year decrease in revenue to HK$94.684 billion and a 19.8% decrease in net profit attributable to shareholders to HK$5.384 billion. Despite the overall decline, the gold jewelry category demonstrated resilience and outperformed other product categories.
Following the closing of the market on June 8, Chow Tai Fook’s stock price rose by 3.62% to HK$14.3 per shar …