{"id":26482,"date":"2024-06-19T12:03:59","date_gmt":"2024-06-19T06:33:59","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=26482"},"modified":"2024-06-19T12:03:59","modified_gmt":"2024-06-19T06:33:59","slug":"chow-tai-fook-sees-revenue-surge-on-festive-demand","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/chow-tai-fook-sees-revenue-surge-on-festive-demand\/","title":{"rendered":"Chow Tai Fook Sees Revenue Surge On Festive Demand"},"content":{"rendered":"<p>Chow Tai Fook reported a significant boost in revenue, driven primarily by strong festive demand across its key markets. For the financial year ending 31<sup>st<\/sup> March, 2024, the group&#8217;s revenue increased by 14.8% to HK$108,713 million, with a constant exchange rate growth of 18.5%.<\/p>\n<p>Mainland China, a critical market for Chow Tai Fook, saw a revenue growth of 9.9% during the financial year. This growth was underpinned by a robust festive season and the steady ramp-up of new stores opened over the past two to four years. On a constant exchange rate basis, the underlying growth would be 14.1%, contributing to 82.5% of the group&#8217;s total revenue.<\/p>\n<p>Chow Tai Fook experienced a remarkable revenue climb of 45.6% in Hong Kong, Macau, and other markets, largely thanks to the continued recovery in inbound tourism. Retail revenue in these regions surged by 40.4%, supported by the return of Mainland tourists, while wholesale revenue soared by 85.6%, driven by the rebound of the duty-free business in Hainan Province.<\/p>\n<p>In addition, other international markets saw a robust recovery, with retail sales value (RSV) growth of 118.9%, particularly in Singapore, Malaysia, Canada, and Hainan&#8217;s duty-free shops. This growth was significantly aided by local demand and the increase in tourism.<\/p>\n<p>Chow Tai Fook&#8217;s strategic initiatives, including the expansion in popular tourist destinations and regions with significant Chinese communities, are expected to further drive growth. The Group&#8217;s focus on aligning its business model with local market conditions ensures that investments yield maximum returns, especially in the fast-recovering Southeast Asian markets.<\/p>\n<p>The continued positive momentum in Mainland China&#8217;s retail sector, particularly in the jewellery market, indicates a steady economic recovery. The National Bureau of Statistics of China reported a 7.2% year-on-year increase in total retail sales of consumer goods in 2023, with jewellery sales rising by 13.3%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chow Tai Fook reported a significant boost in revenue, driven primarily by strong festive demand across its key markets. For the financial year ending 31st March, 2024, the group&#8217;s revenue increased by 14.8% to HK$108,713 million, with a constant exchange rate growth of 18.5%. Mainland China, a critical market for Chow Tai Fook, saw a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":26483,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-26482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chow Tai Fook Sees Revenue Surge On Festive Demand - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/chow-tai-fook-sees-revenue-surge-on-festive-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chow Tai Fook Sees Revenue Surge On Festive Demand - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Chow Tai Fook reported a significant boost in revenue, driven primarily by strong festive demand across its key markets. For the financial year ending 31st March, 2024, the group&#8217;s revenue increased by 14.8% to HK$108,713 million, with a constant exchange rate growth of 18.5%. Mainland China, a critical market for Chow Tai Fook, saw a&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/chow-tai-fook-sees-revenue-surge-on-festive-demand\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-19T06:33:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2024\/06\/Chow-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/chow-tai-fook-sees-revenue-surge-on-festive-demand\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2024\/06\/Chow-1.jpg\",\"width\":1000,\"height\":600,\"caption\":\"jewellery magazine\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/chow-tai-fook-sees-revenue-surge-on-festive-demand\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/chow-tai-fook-sees-revenue-surge-on-festive-demand\/\",\"name\":\"Chow Tai Fook Sees Revenue Surge On Festive Demand - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/chow-tai-fook-sees-revenue-surge-on-festive-demand\/#primaryimage\"},\"datePublished\":\"2024-06-19T06:33:59+00:00\",\"dateModified\":\"2024-06-19T06:33:59+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/chow-tai-fook-sees-revenue-surge-on-festive-demand\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/26482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=26482"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/26482\/revisions"}],"predecessor-version":[{"id":26484,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/26482\/revisions\/26484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/26483"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=26482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=26482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=26482"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=26482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}