Domestic jewelry brand Chow Tai Seng yesterday released its third-quarter report for 2024. In the third quarter, Chow Tai Seng reported operating income of approximately 2.612 billion RMB ($360 million), a decrease of 40.91% YoY; the net profit attributable to shareholders of the listed company was about 253 million RMB ($35 million), down 28.70% YoY. Chow Tai Seng noted that during the reporting period, external economic factors and the rapid rise in gold market prices after the Spring Festival led to a strong wait-and-see sentiment in gold jewelry consumption.