周大福:消费者对工艺精湛和富情感联系黄金产品需求强劲

天风证券
May 06, 2025

公司发布FY25Q4 主要运营数据截至2025 年3 月31 日三个月(即FY25Q4)公司零售值同减11.6%,其中中国内地零售值同减10.4%,占总89.6%。中国内地同店销售同减13.2%,同店销量同减25.2%。中国内地珠宝镶嵌、铂金和K 金首饰同店销售(不包括加盟零售及其他渠道零售值)同减12%,黄金首饰及产品同减13.8%。FY25Q4 宏观经济外部因素及黄金价格高企持续影响消费意欲。...

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