HK Stock Market Move | CHOW SANG SANG (00116) opened nearly 9% higher after its profit increased. It is expected to achieve a net profit of HK$1.6 billion to HK$1.7 billion for the full year.

CHOW SANG SANG (00116) opened nearly 9% higher after announcing positive earnings, and was up 8.9% at the time of writing, trading at 14.07 Hong Kong dollars with a turnover of 21.949 million Hong Kong dollars. In terms of news, CHOW SANG SANG released positive earnings, forecasting a net profit attributable to shareholders ranging from 1.6 billion Hong Kong dollars to 1.7 billion Hong Kong dollars for the fiscal year 2025, compared to 772 million Hong Kong dollars for the period ending December 31, 2024. The growth can be attributed to: improved sales performance in key markets including mainland China, Hong Kong, Macau, and Taiwan, particularly in the second half of 2025; benefiting from favorable gold price trends and a higher proportion of sales of priced golden jewelry, leading to an increase in gross profit margin; continuous optimization of the retail network resulting in lower operating costs.