Chow Sang Sang Holdings International ( (CHOWF) ) has released its Q2 earnings. Here is a breakdown of the information Chow Sang Sang Holdings International presented to its investors.
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Chow Sang Sang Holdings International Limited is a Bermuda-incorporated company operating primarily in the retail of jewelry and watches across Mainland China, Hong Kong, Macau, and Taiwan, with additional ventures in precious metals trading and laboratory-grown diamonds.
In its interim results for the first half of 2025, Chow Sang Sang reported a 71% increase in profit attributable to owners, reaching HK$902 million, despite a slight 2% decrease in overall turnover compared to the previous year. The company’s retail segment saw a 3% decline in revenue, but this was offset by improved gross profit margins due to higher gold prices and cost-control measures.
Key financial highlights include an 81% rise in profit from continuing operations, a significant increase in earnings per share, and an 11% growth in equity attributable to owners. The company also declared an interim dividend of 21.0 cents per share, up from 15.0 cents the previous year. Strategic moves included store network rationalization, with a net reduction of 75 stores, and a focus on high-margin products.
Looking ahead, Chow Sang Sang plans to continue optimizing its store network and enhancing its product offerings, particularly in the high-margin gold jewelry segment, while leveraging omni-channel retail strategies to boost sales. The company remains cautious about the recovery of diamond jewelry sales but is optimistic about the sustained demand for gold products.