ZHOU LIU FU (06168) climbed nearly 7%, and as of press time, the stock was up 6.8% to HK$48.5 with a trading volume of HK$96.14 million.
On the news front, ahead of the National Day holiday, the gold market has welcomed a new wave of consumer enthusiasm. Sources indicate that investment-grade gold sales remain robust across multiple gold jewelry stores in Beijing. For gold jewelry products, retailers have launched various promotional campaigns including cashback vouchers and shopping gifts. Many consumers who had previously adopted a wait-and-see approach due to continuously rising gold prices have chosen to make purchases during the National Day holiday promotions.
Analysts point out that as we enter the "Golden September and Silver October" period, wedding-related and self-indulgent gold jewelry items are particularly popular among consumers. The annual National Day holiday period and the timeframe from November through Chinese New Year represent the peak consumption seasons for the gold market. Products related to weddings and zodiac themes have been gradually rolled out, with manufacturing processes continuously evolving to meet consumer purchasing demands across multiple dimensions.
Dongwu Securities research notes that considering the company's strong online growth and significant expansion potential for offline stores, long-term growth prospects remain promising. Combined with the company's consistent dividend distributions, they have initiated coverage with an "Overweight" rating for ZHOU LIU FU.
As a prominent domestic gold jewelry brand, the company leverages an integrated online-offline sales model, continuously developing lower-tier markets while achieving differentiated positioning and multi-channel expansion. Its online business has experienced rapid growth and holds a leading position in the industry. Meanwhile, with the continuous expansion of the gold jewelry market and the company's potential expansion in North China and East China markets, future revenue growth is supported by long-term momentum and broad prospects.