HK Stock Market Move | ZHOU LIU FU (06168) rose more than 5% in early trading, with a year-on-year increase of about 29% in net profit attributable to the parent in the first quarter. Significant improvement in online retail efficiency.

ZHOU LIU FU (06168) rose more than 5% in early trading, reaching an increase of 5.57% as of the time of publication, closing at HKD 20.66, with a trading volume of HKD 387.13 million. In recent news, ZHOU LIU FU announced that in the first quarter of 2026, the group achieved operating income of approximately RMB 1.273 billion, benefiting from factors such as a significant increase of about 50% in gross profit contributed by the "ZHOU LIU FU" and "Miaoji" brand online channels. The group's profitability indicators on the consolidated financial statements have further improved, with net profit attributable to the shareholders of the listed company increasing by about 29% year-on-year. China Securities Co., Ltd. previously pointed out that based on the first-mover advantage of online retail business, ZHOU LIU FU deepened cooperation with the two core platforms of Tmall and JD.com, and cultivated emerging platforms. At the end of 2025, the company launched the internet sub-brand "Miaoji", focusing on gold bar sales, which has successfully expanded and developed rapidly on platforms such as Kuaishou and Douyin. It is estimated that the monthly GMV in the near future can reach 10-15 billion yuan, complementing the main brand "ZHOU LIU FU".