Chow Tai Fook Jewellery Group reported a 14.2% YoY decline in retail value for the third quarter of fiscal year 2025, with Mainland China sales falling by 13.0% and Hong Kong, Macau, and other markets seeing a 20.4% drop. The decline was attributed to external economic factors and high gold prices, which affected consumer spending. However, the group saw a narrowing of same-store sales declines due to stabilized gold prices and successful product optimization measures. Same-store sales in Mainland China decreased by 16.1% in direct-operated stores and 12.3% in franchise stores, while Hong Kong and Macau faced a 21.3% drop, with Hong Kong down 16.9% and Macau down 35.3%.