Chow Sang Sang’s financial report for the first half of 2024 shows a 13% YoY decline in turnover to HK$11.313 billion ($1.43 billion) and a 13% drop in retail revenue to HK$11.049 billion ($1.41 billion), primarily due to rising gold prices. Gross profit margin increased slightly to 28.3%, while profit attributable to shareholders fell 36% to HK$526 million ($67.5 million). In response to weak sales performance, the group adjusted its retail stores, opening 25 new locations and closing 47, mostly in mainland China. During the reporting period, same-store sales growth declined in both mainland China and the Hong Kong-Macau region.