The Zhitong Finance App learned that Chow Tai Fook (01929) declined in early trading and fell more than 6% at one point. As of press release, it decreased by 5.75% to HK$10.32, with a turnover of HK$133 million.

According to the news, on the evening of October 22, Chow Tai Fook issued an announcement. For the three months ending September 30, 2026, retail value decreased by 0.5% year-on-year. Among them, retail value in mainland China decreased by 5.3%, while retail value in Hong Kong, Macau and other markets increased by 33.2%. In terms of same-store sales, the company's direct same-store sales in mainland China increased 2.2% year-on-year, while sales at franchised stores decreased 2.9% year-on-year.

The company also released a profit forecast for the first half of the 2027 fiscal year ending September 30, 2026. Net profit is expected to increase 90% to 100% year-on-year. This is mainly due to fair value returns generated by revaluation of gold loan contracts, which recorded fair value losses in the same period last year; in addition, the company's sales performance in the core market has also improved.

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