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【116 Positive Profit Forecast】Chow Sang Sang expects last year's profit from continuing operations to be between 1.6 billion to 1.7 billion yuan, representing year-on-year growth of 107% to 120%
Chow Sang Sang (00116)
Announces a profit alert, expecting the company’s attributable profit from continuing operations for the fiscal year 2025 to be between HKD 1.6 billion and HKD 1.7 billion, representing a year-on-year increase of 107.3% to 120.2% from HKD 770 million in 2024. Chow Sang Sang’s stock price rose 1.1%, closing at HKD 12.92, with a turnover of HKD 15.339 million.
Chow Sang Sang stated that the growth can be attributed to improved sales performance in key markets including Mainland China, Hong Kong, Macau, and Taiwan, especially in the second half of 2025, benefiting from favorable gold price trends and a higher proportion of priced gold jewelry in sales, which led to an increase in gross profit margin. Additionally, ongoing optimization of the retail network has reduced operating costs.
Source: Chow Sang Sang Announcement
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