Apparel, Accessories and Luxury Goods

CHOW TAI SENG

CHOW TAI SENG released FY2025 earnings on April 28 (BJT), actual revenue CNY 8.815 B (forecast CNY 9.897 B), actual EPS CNY 1.02 (forecast CNY 1.0166)

CHOW TAI SENG released FY2025 Q4 earnings on April 28 (BJT), actual revenue CNY 2.043 B (forecast CNY 2.785 B), actual EPS CNY 0.2088 (forecast CNY 0.19)

CHOW TAI SENG released FY2026 Q1 earnings on April 28 Pre-Market (BJT), actual revenue CNY 1.954 B (forecast CNY 2.709 B), actual EPS CNY 0.27 (forecast CNY 0.27)

CHOW TAI SENG to Release FY2026 Q1 Earnings on April 29 Pre-Market (BJT), Forecast Revenue CNY 2.709 B, EPS CNY 0.27

CHOW TAI SENG to Release FY2025 Earnings on April 29, 2026 (BJT), Forecast Revenue CNY 9.897 B, EPS CNY 1.0166

CHOW TAI SENG released FY2025 9 Months Earnings on October 28 Pre-Market (BJT), actual revenue CNY 6.772 B, actual EPS CNY 0.8116

CHOW TAI SENG released FY2025 Q3 earnings on October 28 Pre-Market (BJT), actual revenue CNY 2.175 B (forecast CNY 3.953 B), actual EPS CNY 0.2602 (forecast CNY 0.25)

CHOW TAI SENG to Release FY2025 Q3 Earnings on October 29 Pre-Market (BJT), Forecast Revenue CNY 3.953B, EPS CNY 0.25

CHOW TAI SENG released FY2025 Q2 earnings on August 27 During-Market (BJT), actual revenue CNY 1.924 B (forecast CNY 3.827 B), actual EPS CNY 0.3213 (forecast CNY 0.27)

CHOW TAI SENG released FY2025 Semi-Annual Earnings on August 27 During-Market BJT, with actual revenue of CNY 4.597 B and EPS of CNY 0.55

CHOW TAI SENG FY2025 Semi-Annual Earnings Release on August 30, 2025 (BJT)

Chow Sang Sang Adds 8 New Self-operated Stores in June 2025

Jay Chou Collaborates with Chow Sang Sang on Co-branded Products

Zhou Da Sheng Comments on Impact of Gold Price Increase on Company Performance

Chau Tai Seng Jewelry Submits Trademark Applications and Increases R&D Investment

Chow Sang Sang Sees Decline in 2024 Profits, Gold Jewelry Revenue Down

Chow Sang Sang Adds New Self-operated Stores in May 2025

Chow Sang Sang Receives New Design Patent, Number of Patents Up Year-Over-Year

A-share's Discretionary Consumption Sector Rises, New Policy Doubles Incentives for Upgrading

Gold stocks show localized volatility, Zhou Dasheng hits limit up

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Chow Tai Sang addressed the closure of over 500 stores during a performance briefing on May 18, attributing it to weak sales and the consolidation of smaller franchise stores. Despite the closures, the number of franchisees remains stable. The company anticipates an improvement in store closures as gold jewelry consumption increases.

CoinLive

Chow Tai Sang Addresses Store Closures Amid Weak Sales

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Zhou Dasheng discussed the impact of gold prices on the gold jewelry industry during a conference call on April 29. He noted that the marginal effects of rising gold prices are expected to lessen in 2026. Following the gold tax reform in November 2025, the market adapted quickly, with retail prices reflecting the tax. Sales data from self-operated stores show a continued rise, indicating that the market is gradually absorbing the tax reform's effects.

ZHONGJIN GOLD

ChinaAMC Gold ETF

PRECIOUS METALS | Zhou Dasheng Discusses Gold Price Impact on Jewelry Industry

On the evening of April 14th, CHOW TAI SENG announced an adjustment to the brand usage fees for some gold products. The brand usage fee for the main brand and classic franchise channels for gold products priced by gram has been adjusted from RMB 12 per gram to RMB 24 per gram, while the fee for products priced by piece remains unchanged. This move aims to promote retail transformation and product upgrades, enhancing brand competitiveness. The latest stock price is RMB 13.01, with an increase of 5.2%. The impact of the adjustment on future performance is uncertain. In the first half of 2025, the average number of franchise stores is 4,497, with brand usage fee revenue increasing by 9.6% year-on-year

AASTOCKS

LAOPU GOLD

CHOW TAI FOOK

CHOW SANG SANG

ZHOU LIU FU

Laopu Gld HK SDR 50to1

CHOW TAI SENG raises the brand usage fee for some gold products

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NUGT

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GDXY

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According to domestic media reports, a comparison of domestic gold jewelry prices shows that prices of several brand gold jewelry have significantly increased, all rising above 1,400 yuan per gram. Among them, LFX's pure gold jewelry is reported at 1,448 yuan per gram, while CHOW TAI FOOK, Lao Miao, and CHOW TAI SENG are reported at 1,445 yuan per gram

Huaan Yifu Gold ETF

Direxion Daily Gold Miners Bull 2X

EFUND GOLD MI-R

Us Gbl GLD & Met

VanEck Gold Miners ETF

Direxion Daily Jr Gold Miners Bull 2X

SPDR Gold Minishares

iShares MSCI Global Gold Miners

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Microsectors Gold Miners 3x Leveraged ETN

Pro Ultr GLD

Abrdn Gold ETF Trust

Sprott GLD Miners Etf

EFUND GOLD MI-U

iShares Gold Trust

YieldMax Gold Miners Opt Inc Strgy ETF

Roundhill Gold Miners Weeklypay ETF

EFUND GOLD MI ETF

VanEck Junior Gold Miners ETF

GLOBAL X Gold Explorers

MaxWealth CSI SH-SZ-HK Gold Industry Equity ETF

Sprott JR Gold Miners ETF

The prices of gold jewelry from several brands in mainland China have significantly increased compared to yesterday

On March 30, gold jewelry prices in China remained stable, ranging from 1,385 to 1,395 yuan per gram. Notably, Chow Tai Seng's 999 pure gold, Laopu Gold's pure gold jewelry, and Chow Tai Fook's pure gold items are all priced at 1,395 yuan per gram.

Zijin Mining

SD-GOLD

PRECIOUS METALS | Chinese Gold Jewelry Prices Remain Steady

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Today, the prices of gold jewelry from several domestic brands have slightly increased, with CHOW SANG SANG's pure gold jewelry rising to 1,258 yuan per gram, and CHOW TAI FOOK and CHOW TAI SENG's pure gold jewelry rising to 1,259 yuan per gram. (First Financial)

36Kr

Domestic gold jewelry prices have risen slightly

CHOW TAI SENG stated that under the new gold tax regulations, as a member of the Shanghai Gold Exchange, the company enjoys significant tax cost advantages. It is expected that the new regulations will increase the sales costs for jewelry gold retailers by about 7%. The company believes that as the industry becomes more standardized, market share will concentrate among enterprises with qualifications, scale, and brand advantages, creating a more favorable operating environment. CHOW TAI SENG's stock price opened about 0.3% lower this morning, currently up 0.5%, at RMB 13.14

etnet

"A-Share Focus" CHOW TAI SENG slightly rises, stating that under the new gold tax regulations, the company has a cost advantage, benefiting business development

Morgan Stanley's report pointed out that after China canceled the value-added tax deduction on gold retail, gold brand merchants confirmed an additional 7% value-added tax would be imposed, resulting in a price increase of about 5% for gold jewelry. It is expected that the market will see consolidation, with small and medium-sized retailers facing a higher risk of store closures. LFX and CHOW TAI SENG are significantly impacted, followed by CHOW TAI FOOK, while old gold shops are in a relatively advantageous position

Morgan Stanley: After confirming the increase in VAT costs, gold brand merchants will raise prices, expecting market consolidation

Despite the continuous rise in gold prices, the profits of gold and jewelry companies have been declining, and several leading brands have begun to reduce their store sizes. CHOW TAI SENG's latest financial report shows that as of September 30, 2025, the company had 4,675 terminal stores, a net decrease of 560 stores compared to the same period last year, with franchise stores decreasing by 380, becoming the main force behind the closures. In just the third quarter of 2025, CHOW TAI SENG closed a net of 43 stores, with franchise stores accounting for over 80%

Zhitong

CHOW TAI SENG closed 560 stores in one year

CHOW TAI SENG(002867.SZ)