Chow Sang Sang reported a sharp rebound for the six months ended 30 June 2026, with profit attributable to shareholders from continuing operations soaring 141% year on year to HK$2.19 billion. Including the discontinued securities and futures broking business, net profit rose 139% to HK$2.15 billion.

Turnover from continuing operations expanded 17% to HK$12.88 billion, led by an 18% increase in core jewellery and watch retail sales to HK$12.71 billion. Retail segment profit climbed 31% to HK$1.83 billion, offsetting a 41% fall in precious-metals wholesale revenue to HK$0.16 billion.

By market, Hong Kong and Macau sales advanced 38% to HK$4.57 billion, buoyed by tourist traffic and community-mall demand. Chinese Mainland revenue improved 9% to HK$7.87 billion, aided by premium-store expansion and resilient demand for calculated-price gold products. Taiwan posted a 31% uptick to HK$0.27 billion. Group gross margin eased slightly to 33.2% (H1 2025: 33.5%) amid volatile gold prices.

Earnings per share rose to 320.5 cents from 134.2 cents. The Board declared a first interim dividend of HK28.0 cents per share, up 33% year on year, to be paid on 29 September 2026 to shareholders on record 14 September 2026.

Operating cash inflow reached HK$2.44 billion, lifting cash and equivalents to HK$1.59 billion (31 December 2025: HK$0.98 billion). Net gearing stood at 29.1%, with HK$2.27 billion in bank borrowings and HK$4.06 billion in bullion loans outstanding. Equity attributable to shareholders increased 13% to HK$16.28 billion.

The store network totalled 793 outlets at end-June after 20 openings and 67 closures, reflecting ongoing optimisation toward premium and high-traffic locations. Management said sales momentum remained positive into Q3 2026, with Hong Kong and Macau continuing to outperform and Mainland China posting steady gains. Upcoming priorities include targeted marketing, omni-channel promotions, further premiumisation and store upgrades across key markets.