HK Stock Market Move | CHOW TAI FOOK (01929) rose more than 4% in the third quarter, with a retail value increase of 17.8%. Priced jewelry continues to show strong sales growth.

CHOW TAI FOOK (01929) rose more than 4%, up 4.38% as of press time, at HK$14.31, with a turnover of HK$156 million. On the news front, on January 21st, CHOW TAI FOOK disclosed unaudited key operating data for the three months ended December 31, 2025. The announcement showed that CHOW TAI FOOK's retail value for the third quarter increased by 17.8% year-on-year, with sales growth accelerating further in Mainland China, Hong Kong, and Macau. Specifically, in Mainland China, same-store sales growth at directly operated stores increased to 21.4% during the quarter, while same-store sales growth at franchise stores reached 26.3%. Excluding the watch business, same-store sales growth at directly operated stores increased by 25.6%. Same-store sales in Hong Kong and Macau increased by 14.3% year-on-year, with Hong Kong up by 10.1% and Macau up by 31.3%. In Mainland China, driven by iconic product series and jade jewelry, the company's priced jewelry category maintained strong sales growth. During the quarter, the retail value of this product category accelerated compared to the previous quarter, with a year-on-year growth of 59.6%. Guosen pointed out that against the backdrop of rising gold prices, the company seized the growth dividend of priced gold jewelry through product innovation, channel positioning optimization, etc., becoming the core driver of same-store sales growth. In addition, weight-based pricing products benefited from pent-up demand and the peak season at the end of the year, also achieving good performance.