Zhou Liu Fu Jewellery Co., Ltd. Class H (HK:6168)
:6168
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Zhou Liu Fu Jewellery Co., Ltd. Class H
(6168)
Select Model
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Rating:65Neutral
Price Target:
HK$21.00
▼(-49.86% Downside)
Action:Reiterated
Date:05/08/26
The score is driven primarily by solid profitability and an improved balance sheet, offset by weak 2025 cash conversion and negative free cash flow. Valuation is a key support (low P/E and moderate yield), while technicals remain mixed-to-weak with the price still below longer-term moving averages.
Positive Factors
Solid Profitability
Sustained double-digit net and EBIT margins indicate durable operating profit potential versus peers. That level of profitability supports reinvestment in retail, marketing and product development, helps sustain ROE and provides buffer to absorb cyclical downturns over a multi‑quarter horizon.
Negative Factors
Weak Cash Generation
A large gap between reported profits and cash flow signals earnings quality or rising working capital needs. Persistent weak OCF/negative FCF forces reliance on financing, constrains reinvestment or dividends, and raises risk of margin or growth trade‑offs over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid Profitability
Sustained double-digit net and EBIT margins indicate durable operating profit potential versus peers. That level of profitability supports reinvestment in retail, marketing and product development, helps sustain ROE and provides buffer to absorb cyclical downturns over a multi‑quarter horizon.
Read all positive factors
Zhou Liu Fu Jewellery Co., Ltd. Class H (6168) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$7.79B
Dividend Yield1.7%
Average Volume (3M)4.96M
Price to Earnings (P/E)7.2
Beta (1Y)1.49
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees1,737
SectorConsumer Goods
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)N/A
Shares Outstanding273,688,870
10 Day Avg. Volume4,450,060
30 Day Avg. Volume4,956,575
Financial Highlights & Ratios
PEG Ratio1.04
Price to Book (P/B)2.50
Price to Sales (P/S)1.82
P/FCF Ratio-176.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$28.20Price Target Upside-32.66% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Zhou Liu Fu Jewellery Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Zhou Liu Fu Jewellery Co Ltd is a China-based company mainly engaged in the provision of a range of jewelry products. The Company offers a wide range of gold jewelry products, and the product series include Ancient Craftsmanship series, Essence, D...
How the Company Makes Money
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Zhou Liu Fu Jewellery Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.83B | 5.72B | 5.15B | 3.10B | 59.23M |
| Gross Profit | 1.60B | 1.48B | 1.35B | 1.20B | 17.78M |
| EBITDA | 967.90M | 961.39M | 889.37M | 785.87M | 16.50M |
| Net Income | 770.30M | 706.31M | 659.69M | 575.24M | -56.39M |
Balance Sheet | |||||
| Total Assets | 5.79B | 3.96B | 3.08B | 2.58B | 308.21M |
| Cash, Cash Equivalents and Short-Term Investments | 1.27B | 580.52M | 177.98M | 207.83M | 15.64M |
| Total Debt | 457.08M | 729.78M | 119.69M | 39.26M | 490.97M |
| Total Liabilities | 1.53B | 1.38B | 811.58M | 679.80M | 798.27M |
| Stockholders Equity | 4.25B | 2.58B | 2.26B | 1.91B | -476.27M |
Cash Flow | |||||
| Free Cash Flow | -60.35M | 53.77M | 370.34M | -41.69M | -47.58M |
| Operating Cash Flow | 172.13M | 390.08M | 403.88M | 138.94M | -47.58M |
| Investing Cash Flow | 112.01M | -505.64M | -192.89M | -328.36M | 42.53M |
| Financing Cash Flow | 640.62M | 112.35M | -240.79M | -24.01M | -1.43M |
Zhou Liu Fu Jewellery Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (57)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$2.07B | 1.58 | 5.10% | 4.05% | 10.23% | 66.75% | |
73 Outperform | HK$12.73B | 5.90 | 9.57% | 4.43% | 10.89% | 2.02% | |
67 Neutral | HK$7.56B | 2.51 | 12.17% | 4.60% | 6.00% | 114.75% | |
65 Neutral | HK$7.79B | 7.20 | 20.83% | 1.70% | ― | ― | |
64 Neutral | HK$108.22B | 15.23 | 23.29% | 4.21% | -9.49% | 32.56% | |
57 Neutral | $3.13B | 9.23 | -34.32% | 3.14% | -25.56% | -353.61% | |
47 Neutral | HK$426.49M | -1.28 | -7.92% | ― | -17.82% | 16.27% |
* Consumer Goods Sector Average
HK:6168
Zhou Liu Fu Jewellery Co., Ltd. Class H
18.43
-21.31
-53.62%
HK:0256
Citychamp Watch & Jewellery Group
0.10
-0.40
-80.81%
HK:0116
Chow Sang Sang Holdings International
11.43
4.73
70.70%
HK:1929
Chow Tai Fook Jewellery Group
11.00
0.75
7.30%
HK:0887
Emperor Watch & Jewellery
0.28
>-0.01
-1.79%
HK:0590
Luk Fook Holdings (International)
21.46
4.53
26.73%
Zhou Liu Fu Jewellery Co., Ltd. Class H Corporate Events
Zhou Liu Fu Jewellery lifts Q1 profit on strong online jewellery sales
May 7, 2026
Zhou Liu Fu Jewellery Co., Ltd. reported that group operating revenue reached approximately RMB1.273 billion in the first quarter of 2026, reflecting robust performance in its jewellery retail business. The company continues to leverage both its f...
Zhou Liu Fu Jewellery Delivers Higher Profit on Modest Revenue Growth in 2025
Mar 20, 2026
Zhou Liu Fu Jewellery Co., Ltd., a PRC-incorporated jewellery retailer listed in Hong Kong, reported steady growth in its core business for the year ended 31 December 2025. The group operates across the jewellery value chain, from design to sales,...
Zhou Liu Fu Jewellery Declares Final Dividend for 2025 With Detailed Tax Treatment
Mar 20, 2026
Zhou Liu Fu Jewellery Co., Ltd., a Hong Kong-listed jewellery company focused on the Greater China consumer market, designs and sells jewellery products through its H-share structure. The company provides investors with access to the region’...
Zhou Liu Fu Jewellery Sets March 20 Board Meeting on 2025 Results and Dividend
Mar 10, 2026
Zhou Liu Fu Jewellery Co., Ltd. has scheduled a board meeting for March 20, 2026 in Hong Kong to review and approve the annual results of the company and its subsidiaries for the financial year ended December 31, 2025. The board will also consider...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.