HK Stock Movement: Chow Tai Fook (1929.HK) Annual Results Beat Expectations, Early Trading Surges Over 14%

On June 12, Chow Tai Fook (1929.HK) surged over 14% in early trading, reaching HK$12.75, hitting a new high since March 3.

On the news front, the company's results announced last night showed revenue of HK$94.398 billion for the year ended March, up 5.29% and above market expectations of HK$93.71 billion. Gross margin was 32.3%, up 2.8 percentage points; shareholders' profit attributable to the company was HK$9.004 billion, a record high, up 52.2% and above market expectations of HK$8.71 billion. Basic earnings per share were HK$0.91.

For dividends, the company declared a final dividend of HK$0.45 per share, up nearly 41%; full-year dividend was HK$0.67 per share, up nearly 30%, with a payout ratio of 73.4%.

Additionally, from April 1 to May 31, 2026, the group's retail value grew 14.7% year-on-year. Among that, retail value in Mainland China increased 10.3% year-on-year; retail value in Hong Kong, Macau, and other markets increased 44.1% year-on-year.