Zhitong Finance App News, Lukfook Group (00590) announced that the Group's overall retail value (including self-operated stores, brand stores and e-commerce business) and retail revenue (including self-operated stores and e-commerce business) increased by 8% and 23% respectively in the second quarter. Among them, the retail value of gold and platinum products increased by 5 percentage points to 83% year-on-year due to a sharp increase in sales of investment gold products.
The Group's overall same-store sales for the second quarter were +12%. Although the average international gold price (per ounce) increased by 23% year-on-year during the quarter, same-store sales of gold products by weight still increased by +22%, and their same-store sales weight increased by -2%. In the face of a high base, same-store sales of priced jewellery products were -12%, of which price-priced gold products were -8%.
Among them, the Group's retail value and retail revenue in the Hong Kong and Macau markets (including self-operated stores and e-commerce business) increased by an average of 17% year-on-year, mainly benefiting from the advantage of product price spreads in the Hong Kong and Macau markets compared to the mainland market and the appreciation of RMB, which led to an increase in mainland passenger traffic and business. Overall same-store sales in the Hong Kong and Macau markets were +13%, including +10% in Hong Kong and +19% in Macau. Same-store sales of gold products in the Hong Kong and Macau markets were +24%, while same-store sales of priced jewelry products were -13% under a high base, of which -10% were priced gold products.
The overall retail value of the Mainland market in the second quarter (including self-operated stores, brand stores and e-commerce businesses) decreased by 2% year-on-year. Among them, the retail value of gold products increased by 4%, while the retail value of price-priced jewellery products fell by 24%. Among the price-priced jewellery products, the retail value of the price-priced gold products fell by 19%. The Mainland's retail revenue (including self-operated stores and e-commerce business) still increased by 28% year-on-year under a high base, and its e-commerce business sales also increased by 28% year-on-year. Overall same-store sales growth in the mainland market (including self-operated stores and branded stores) was +1%. Self-operated stores sell +3% at the same store, +6% for gold products, and -14% for price-priced jewelry products, of which -3% are priced gold products.
The Group's retail value (including self-operated stores and branded stores) and retail revenue (including self-operated stores) increased by 25% and 24%, respectively, in the second quarter, respectively, in other markets, mainly driven by the Group's continued expansion of its international business footprint and the active addition of new stores. Overall same-store sales in other markets were +14%. Same-store sales of gold products in other markets were +23%, and same-store sales of price-priced jewelry products were -5%, of which -4% were priced gold products.
The group continues to promote international development, entering the European market for the first time during the quarter and opening a self-operated store in London, England. Along with entering the Singapore market in the first quarter, the group successfully expanded to two new countries in the first half of the fiscal year, reaching its target for the whole year ahead of schedule. In addition, the Group also opened its first brand store in the Taiwan market during the quarter, so the Group opened a total of 5 stores in other markets in the second quarter, located in London, China, Kuala Lumpur, Malaysia, Singapore, and Ho Chi Minh City, Vietnam. However, with the continuous optimization and integration of the brand store networks in Tier 4 and 5 cities in the Mainland, the number of the Group's global stores decreased by a net of 69 during the quarter. As of September 30, 2026, the Group has 2,788 stores worldwide.