Chow Sang Sang Projects Significant Profit Increase for Last Fiscal Year

Chow Sang Sang has announced an expected profit increase from its ongoing operations for the last fiscal year, estimating earnings between 1.6 billion and 1.7 billion yuan, marking a year-on-year rise of 107% to 120%. According to RTHK, the company attributes this growth to improved performance in major markets, particularly in the second half of last year. Favorable gold price trends and a higher proportion of priced gold jewelry in sales contributed to increased gross profit margins. Additionally, the continuous optimization of the retail network has led to reduced operating costs. The company plans to release its full-year financial results by the end of this month.