Chow Sang Sang forecasts a 1-time surge in 2025 net profit to $1.7 billion at most

Chow Sang Sang (0116) expects a 1-time surge in net profit last year to be between HK$1.6 billion and HK$1.7 billion.

Compared to the net profit of HK$772 million in 2024, the estimated net profit is expected to grow between 1.07 times and 1.2 times year on year, according to the company’s filing.

The company said the estimated net profit growth is due to lower operating costs in the ongoing retail network optimization, improved sales across the mainland, Hong Kong, Macau, and Taiwan, especially in the second half of 2025, as well as higher gross profit margin in upward gold price movements and a higher proportion of fixed-price gold jewelry in the sales.

The jewelry company said it will publish an annual report for 2025 on March 26.

Gloria Leung