Proya has announced its intention to explore opportunities for overseas expansion.

In the fourth quarter of fiscal year 2024, Chow Tai Fook’s overall retail value increased by 12.4% year-on-year, with growth rates of 29.4%, 5.8%, and 46.1% in the preceding three quarters, respectively.

Currently, within the Saint Angelo Group, there are already three brands with a revenue scale exceeding 1 billion.

Hainan remains the operational core of China Duty Free Group (CDFG). Revenue from the Hainan region increased by 14.3% year-on-year to 39.65 billion RMB, contributing 58.7% to the company’s total revenue.

Li Ning responded, “For investors, I will consider any plan that can increase investor returns.”

In 2023, the company saw year-on-year growth in its solution-based injection products, gel-based injection products, and facial implant threads.

In December 2023, the third flagship store worldwide was opened in Ximending, Taiwan, with record-breaking sales on its opening day.

The company completed a comprehensive upgrade in all aspects including products, channels, and brand, transforming into a stronger enterprise from the inside out.

Due to the underperformance of the IRO Paris brand’s overseas operations, the company plans to make a provision for impairment of nearly 100 million yuan.

Peacebird implemented strict controls on retail discounts for merchandise and accelerated the closure of low-performing stores in 2023.