Chow Tai Sang said in an institutional conference call on August 26 that the overall revenue decline in the first half of the year was mainly affected by changes in the shipping model of the franchise business, and self-operated and e-commerce channels continued to grow well. Affected by the rapid decline in gold prices in the second quarter, the overall industry was under pressure; with the gradual restoration of gold prices in July and August, the negative impact of fluctuations in gold prices also gradually subsided.

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