毛利率冲向30% 周大福品牌转型首年成绩单

华尔街见闻
Jun 17, 2025

港资黄金珠宝龙头正在悄然发力。截至3月31日的2025年财年,周大福(1929.HK)营业额同比下跌17.5%至896.56亿港元。高涨的金价压制消费,成为周大福加速转型的契机。2025财年,周大福计价产品销售额同比跌近三成。定价产品反而实现逆势翻倍增长,推动利润表现大超市场预期。经营利润同比增长9.8%至147.46亿港元。叠加金价上涨导致的黄金借贷合约亏损,净利润同比减少9%至59.16亿港元...

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