Zhou Dafu Q2 Same Store Sales Plunged 20%

The two quarter,

Group retail sales fell 10%, Zhou Dafu said the decline was mainly due to the decline in gold prices last year, resulting in the gold rush to boost the base of the 2014 fiscal year, the mainland China and Hong Kong and Macao fell by 2% and 20% respectively.

By category, the two quarter of Chow Tai Fook Group

The same store sales of inlaid jewelry and gold products increased by 0% and -33% respectively, Zhou Dafu said. Compared with the same period last year, the product mix improved significantly in the second quarter. The retail value of jewellery jewellery and gold products accounted for 28% and 49% respectively, while 23% and 58% respectively in the two quarter of fiscal 2014.

In the two quarter of September 30, 2014, Zhou Dafu operated 2181 retail outlets, with a net increase of 58 retail outlets during the period, including 58 retail outlets in mainland China, three watch retail outlets, and 3 retail outlets in Hong Kong, Macao and other Asian markets.

On Wednesday, Zhou Dafu jewelry shares rose 1.75% to HK $10.44.

In different views, Goldman Sachs and UBS lowered the Zhou Dafu target price in 7 and August respectively, while HSBC reported a slight rise in its target price at the end of last month, but the rise was far below its rival, Liu Fu and Zhou Shengsheng.