Luk Fook Holdings (international) Limited · HKEX:590
Luk Fook Holdings (international) — H1 FY2025/26 Earnings Presentation
75 slides from Luk Fook Holdings (international)'s earnings presentation, November 2025
Slide 1: Corporate Presentation 1H FY2025/26 Interim Results
CORPORATE PRESENATION 1H FY2025/26* Interim Results 企业简报 2025/26上半财年*业绩 * Hereafter refers to as “1H FY2026” 往后称为「2026上半财年」 1 1
Slide 2: Content
CONTENT 目录 1H FY2025/26 FINANCIAL HIGHLIGHTS 2025/26上半财年财务亮点 FINANCIAL REVIEW 财务回顾 FUTURE PLANS AND STRATEGIES 未来计划与策略 BRANDING 品牌推广策略 SUSTAINABILITY 可持续性 OPEN FORUM 公开讨论 CORE COMPETENCES 核心竞争优势 COMPANY PROFILE 公司简介 APPENDICES 附录 2
Slide 3: 1H FY2026 Financial Highlights
1H FY2026 FINANCIAL HIGHLIGHTS 2026上半财年财务亮点 3
Slide 4: 1H FY2026 Financial Highlights
1H FY2026 FINANCIAL HIGHLIGHTS 2026上半财年财务亮点 Revenue 收入 Basic Earnings per Share 每股基本盈利 HK$ 6,843 M百万港元 25.6% HK$ 1.05 港元 41.9% Operating profit 经营溢利 Proposed Interim Dividend per Share 拟派中期股息 HK$ 780 M百万港元 45.4% HK$ 0.55 港元 Dividend Payout Ratio 派息比率：52% Profit Attributable to Equity Holders 权
Slide 5: 1H FY2026 Movement in Operating Profit
1H FY2026 MOVEMENT IN OPERATING PROFIT 2026上半财年经营溢利变动 (HK$M) (百万港元) 1,200 2,373 1,304 (+33.2%) (+12.4%) Revenue 收入 409 1,000 (+78.0%) HK$ 6,843 M 25.6% -144 百万港元 120 (-17.5%) 800 780 -179 -25 (+45.4%) (+45.4%) Gross Margin +243 毛利率 +243 600 536 34.7% 2.0p.p. +592 400 TOE to Revenue Ratio 200 总经营
Slide 6: Financial Review
FINANCIAL REVIEW 财务回顾 6
Slide 7: Financial Review
FINANCIAL REVIEW 财务回顾 1H FY2026 1H FY2025 (HK$M) (百万港元) Y-o-Y Changes 2026上半财年 2025上半财年 按年变化 实际发生数 实际发生数 Revenue 收入 6,843 5,449 +25.6% Gross Profit 毛利 2,373 1,782 +33.2% Operating Profit 经营溢利 780 536 +45.4% Profit for the Period 期内溢利 601 417 +44.1% Profit Attributable to Equity Holders 权益持有人应占溢利 619
Slide 8: Dividend
DIVIDEND 股息 1H FY2026 1H FY2025 Y-o-Y Changes 2026上半财年 2025上半财年 按年变化 (HK$) (港元) Basic Earnings per Share HK$1.05 HK$0.74 +41.9% 每股基本盈利 Declared 宣派： • Interim Dividend per Share HK$0.55 HK$0.55 0.0 % 每股中期股息 Dividend Payout Ratio1 52% 74% -22 p.p. 派息比率1 1. Dividend Policy: Dividend payout ratio at 40-
Slide 9: Key Financial Indicators
KEY FINANCIAL INDICATORS 主要财务指标 1H FY2026 FY2025 1H FY2025 2026上半财年 2025财年 2025上半财年 As at 30 Sep 2025 As at 31 Mar 2025 6-Month Changes As at 30 Sep 2024 Y-o-Y Changes (HK$M) (百万港元) 截至2025年9月30日 截至2025年3月31日 6个月变化 截至2024年9月30日 按年变化 Inventories 存货 12,268 10,739 +14.2% 9,863 +24.4% Average Inventory T
Slide 10: Summary – Financial Position
SUMMARY – FINANCIAL POSITION 财务状况摘要 6-Month As at 30 Sep 2025 As at 31 Mar 2025 Changes As at 30 Sep 2024 Y-o-Y Changes (HK$M) (百万港元) 截至2025年9月30日 截至2025年3月31日 6个月变化 截至2024年9月30日 按年变化 Non Current Assets 非流动资产 4,273 4,306 -0.8% 4,551 -6.1% Current Assets 流动资产 14,319 13,592 +5.3% 12,544 +14.2% Total A
Slide 11: 1H FY2021-2026 Operating Performance
1H FY2021-2026 OPERATING PERFORMANCE 2021-2026上半财年营运表现 (HK$M) (百万港元) 34.7% 40,000 33.2% 32.7% 27.8% 30.0% 26.8% 26.1% 35,000 30,000 20.0% 14.7% 15.2% 14.0% 25,000 11.6% 11.4% 9.8% 12.6% 11.7% 11.8% 10.0% 20,000 8.8% 8.8% 7.7% 15,000 0.0% 10,000 7,486 6,843 5,591 5,573 5,449 -10.0% 5,000 3,344 780 65
Slide 12: Revenue and Profit Analysis by Market
REVENUE AND PROFIT ANALYSIS 收入及溢利分析 Revenue and Segment Profit by Market 56.4% (64.5%) 按市场划分的收入及分部溢利 68.2% Segment Profit (77.3%) Revenue Segment Profit Margin HK$M 百万港元 收入 分部溢利 分部溢利率 31.8% 43.6% (22.7%) (35.5%) Hong Kong, Macao & Overseas 3,859 587 15.2% 香港、澳门及海外 Y-o-Y Changes 按年变化 +9.9% +37.3% +3.
Slide 13: Revenue and Profit Analysis by Business
REVENUE AND PROFIT ANALYSIS 收入及溢利分析 Revenue and Segment Profit by Business 按业务划分的收入及分部溢利 6.9% (7.4% ) Segment Segment Profit 32.1% Revenue Profit Margin 16.3% (43.2%) HK$M 百万港元 收入 分部溢利 分部溢利率 (7.1%) 12.5% (-12.4%) 55.4% Retailing 零售 5,255 477 9.1% Y-o-Y Changes 按年变化 +12.8% +24.6% +0.9p.p. (69.2%) 76.
Slide 14: Sales and Gross Profit by Product
REVENUE AND PROFIT ANALYSIS 收入及溢利分析 Sales1 and Gross Profit2 by Product 按产品划分的销售1及毛利2 Gross Gross 64.3% Sales1 Profit2 Margin (73.1%) HK$M 百万港元 销售1 毛利2 毛利率 59.7% Gold & Platinum 黄金及铂金 4,096 1,240 30.3% (66.7%) Y-o-Y Changes 按年变化 +11.0% +22.3% +2.8p.p. 40.3% Fixed Price Jewellery 定价首饰 2,276 838 36.8%
Slide 15: Margin Analysis
MARGIN ANALYSIS 溢利率分析 1H&2H上半财年及下半财年 Full Year 全年 30% 30% Segment Profit Margin by Market 22.3% 21.1% 20.2% 21.3% 分部溢利率 (以市场划分) 14.5% 18.4% 20% 13.8% 15.7% 12.2% 15.2% 20% 13.5% 13.5% Mainland 9.0% 9.2% 11.7% 内地 10% 8.6% 8.8% 11.0% 10% 9.8% 6.5% Hong Kong, Macao & Overseas 香港、澳门及海外 0% 1H 2H 1H 2H 1H
Slide 16: Regional Revenue & Profit Analysis: Hong Kong, Macao and Overseas
REGIONAL REVENUE & PROFIT ANALYSIS BY BUSINESS 地区收入及溢利分析以业务划分 Hong Kong, Macao and Overseas 香港、澳门及海外 0.9% (0.9% ) 2.1% (1.2%) Segment Segment Profit Revenue Profit Margin 5.8% HK$M 百万港元 收入 分部溢利 分部溢利率 (7.5%) 10.6% 3,744 491 13.1% Retailing 零售 (-5.3%) 83.6% Y-o-Y Changes 按年变化 +8.9% +17.4% +0.9p.p. (97
Slide 17: Regional Revenue & Profit Analysis: Mainland
REGIONAL REVENUE & PROFIT ANALYSIS BY BUSINESS 地区收入及溢利分析以业务划分 Mainland 内地 Segment Profit Adjusted 分部溢利 Adjusted Segment 14.7% (19.2% ) Segment Segment Profit3 Profit Margin Revenue Mix Profit Margin 经调整 经调整 HK$M 百万港元 收入 组合 分部溢利率 分部溢利3 分部溢利率 Retailing 零售 1,510 -14 -5.2% -0.9% 182 12.1% Y-o-Y Changes
Slide 18: Regional Segment Profit Margin Analysis by Business
REGIONAL SEGMENT PROFIT MARGIN ANALYSIS BY BUSINESS 地区分部溢利率分析以业务划分 Hong Kong, Macao and Overseas Mainland 香港、澳门及海外 内地 125% 125% 109.1% 102.7% 104.9% 103.5% 101.1% 100.8% 103.2% 100% 100% 74.8% 71.7% 76.4% 1H&2H 70.6% 65.3% 75% 上半财年及 75% 55.6% 55.3% 下半财年 50% 50% 12.2% 12.5% 11.6% 9.3% 12.0% 9.4% 12.4
Slide 19: Retailing Revenue Analysis
RETAILING REVENUE ANALYSIS 零售收入分析 Retailing Revenue by Region Retailing Revenue by Product 收入 (以市场划分) 收入 (以产品划分) (% of Revenue) (收入占比 %) Hong Kong, Macao and Overseas (% of Revenue) 香港、澳门及海外 100% (收入占比 %) 5% 6% HK$0.48B 9% 100% 4.8亿港元 HK$1.18B (↑ 58.4%) 25% 11.8亿港元 28% 32% 80% (↑ 22.8%) 21% 22% HK$1
Slide 20: Mainland E-Commerce
MAINLAND E-COMMERCE 内地电子商务 Revenue 收入 HKD 843 百万港元 +12.1% Y-o-Y Changes 按年变化 Sales by Product 销售以产品划分 Average Selling Price 平均售价1 RMB 2,800人民币 +33.3% 11.4% Y-o-Y Changes 按年变化 (8.7%) Contribution to Mainland Retailing Revenue2 占内地零售收入2: 55.8% (1H FY2025: 61.5%) Contribution to Group’s Retailing Reven
Slide 21: Retailing Analysis
RETAILING ANALYSIS 零售分析 SSSG 同店销售增长* Y-o-Y Changes 按年变化 1H FY2026 1H FY2025 1H FY2026 1H FY2025 2026上半财年 2025上半财年 2026上半财年 2025上半财年 Revenue** Quantity ASP Revenue** Quantity ASP 收入 件数 平均售价 收入 件数 平均售价 Overall +8% -34% +14% +0% +14% -25% -25% -1% 整体 • Gold & Platinum +3% -36% +8% -5% +14% -27% -33% +1
Slide 22: Retailing Analysis on Mainland
RETAILING ANALYSIS ON MAINLAND 内地零售分析 Same Store Sales Growth 同店销售增长 1H FY2026 1H FY2025 2026上半财年 2025上半财年 Gold & Fixed Price Licensed/ Gold & Fixed Price Licensed/ Overall Overall Platinum Jewellery Speciality Shops Platinum Jewellery Speciality Shops 整体 整体 黄金及铂金 定价首饰 品牌店/专门店 黄金及铂金 定价首饰 品牌店/专门店 Lic
Slide 23: Quarterly Same Store Sales Growth
QUARTERLY SAME STORE SALES GROWTH 季度同店销售增长 FY2023 FY2024 FY2025 FY2026 2023财年 2024财年 2025财年 2026财年 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Overall -1% +40% -10% +83% +62% +31% +67% -5% -34% -35% -22% -10% +5% +10% 整体 Gold +9% +62% -5% +92% +67% +30% +78% +3% -33% -38% -26% -17% 0% +6% 黄金 Gold (By
Slide 24: Average Ticket Size & Fixed Price Jewellery Average Selling Price
LUKFOOK’s AVERAGE TICKET SIZE & FIXED PRICE JEWELLERY AVERAGE SELLING PRICE 六福每单平均消费及定价首饰产品平均售价 Average Ticket Size Fixed Price Jewellery Average Selling Price $ (in terms of 每单平均消费 定价首饰产品平均售价 respective currency ) 元 (以相应货币计算) Diamond, jadeite, gem stones and pearl products 钻石，翡翠，宝石及珍珠产品 20,000 $ (i
Slide 25: Wholesaling Revenue Analysis
WHOLESALING REVENUE ANALYSIS 批发收入分析 Wholesaling Revenue by Product 批发收入 (以产品划分) Hong Kong, Macao and Overseas Wholesaling Revenue by Region 香港、澳门及海外 (% of Revenue) 批发收入 (以市场划分) (收入占比 %) 100% HK$47.3M (% of Revenue) 47.3百万港元 (收入占比 %) 29% (↑ 282.4%) Fixed Price 80% 100% Jewellery 44% 定价首饰 58% 90% 60%
Slide 26: Total Operating Expenses
TOTAL OPERATING EXPENSES 总经营开支 21.3% 19.1% (% of Revenue) (HK$M) 14.3% (收入占比%) (百万港元) Total % 总计 % (↑12.4%) 1,304 Other Expenses 其他开支 1,160 4.1% 279 (↑12.9%) 1,070 Advertising & Marketing 广告及市场推广 4.5% 248 1000 73 1.1% (↓ 4.4%) 3.3% 248 Depreciation & Amortisation 1.4% 76 1.6% 112 (↑8.3%) 折旧及摊销 0.6%
Slide 27: Inventory Analysis
INVENTORY ANALYSIS 存货分析 Closing Inventories 期末存货 (HK$M) (百万港元) 1H FY2025 1H FY2026 2025上半财年 2026上半财年 (↑24.4%) 13,000 12,268 12,000 11,000 9,863 10,000 Gold & Platinum 9,000 46% (↑24.8%) 6,472 黃金及铂金 (↑38.4%) 53% 8,000 7,405 4,676 Fixed Price Jewellery 7,000 5,934 (↑23.8%) 定价首饰 6,000 48% 3,842 52% 4,8
Slide 28: Capex
CAPEX 资本开支 (HK$M) (百万港元) 800 700 626 600 Purchase of Premises 购置物业 500 Furniture, fixture and equipment & leasehold improvements 家俬、装置与设备及租赁物业装修 Shops 400 店铺 Offices 560 公司 300 Manufacturing Plants 加工厂 200 100 65 49 6 2 38 6 0 2 66 63 51 49 43 22 0 6 4 1H FY2024 1H FY2025 1H FY2026 2024上半財年 2025上半財年
Slide 29: Future Plans & Strategies
FUTURE PLANS & STRATEGIES 未来计划与策略 29 29
Slide 30: Three-Year Key Strategies (FY2026-FY2028)
THREE-YEAR KEY STRATEGIES (FY2026-FY2028) 三年主要策略 (2026-2028财年) Focus on Overseas Market Expansion 专注于海外市场拓展 Focus on Market-oriented Products 专注于市场导向产品 Sustainable Growth 持续增长 Focus on Operational Efficiency Enhancement 专注于营运效益优化 30
Slide 31: Focus on Overseas Market Expansion
As at 30 Sep 2025 THREE-YEAR KEY STRATEGIES (FY2026-FY2028) 于2025年9月30日 Presents in 遍布 三年主要策略 (2026至2028财年) Focus on Overseas Market Expansion 12 countries and regions 个国家及地区 专注于海外市场拓展 Worldwide total no. of shops: 全球店铺总数: 3,113 Mainland Market Mainland 3,000 3,000 内地市场 内地 Key Focuses 发展重点 Hong Kong
Slide 32: Network Expansion and Capex in FY2026
NETWORK EXPANSION AND CAPEX IN FY2026 2026财年零售网络扩充及资本开支 FY2026 Network Expansion Plans CAPEX 2026财年零售网络扩充计划 资本开支 Net addition (HK$M) 净增加 (百万港元) • Shop renovation Overseas • Mainly Licensed Shops 75 海外 主要为品牌店 20 店铺装修 • Office renovation and purchase of new equipment 5 行政中心翻新及添置新设备 • Nansha Plant reno
Slide 33: Extensive Retail Network
EXTENSIVE RETAIL NETWORK 庞大零售网络 Countries and Regions Main-brands/Sub-brands/Product Lines As at 14 Nov 2025 Mix As at 30 Sep 2025 As at 31 Mar 2025 Changes ` 国家及地区 主品牌/副品牌/产品线 于2025年11月14日 组合 于2025年9月30日 于2025年3月31日 变化 Lukfook 六福 74 2% 74 74 0 3DG Jewellery 金至尊 135 4% 124 99 +25 Mainland 内地 Goldsty
Slide 34: Extensive Retail Network
EXTENSIVE RETAIL NETWORK 庞大零售网络 Countries and Regions Main-brands/Sub-brands/Product Lines As at 14 Nov 2025 Mix As at 30 Sep 2025 As at 31 Mar 2025 Changes 国家及地区 主品牌/副品牌/产品线 于2025年11月14日 组合 于2025年9月30日 于2025年3月31日 变化 Lukfook 六福 2,434 78% 2,458 2,633 -175 3DG Jewellery 金至尊 108 3% 107 132 -25 Mainlan
Slide 35: Extensive Retail Network
EXTENSIVE RETAIL NETWORK 庞大零售网络 As at 14 Nov 2025 Mix As at 30 Sep 2025 As at 31 Mar 2025 Changes 于2025年11月14日 组合 于2025年9月30日 于2025年3月31日 变化 Lukfook 六福 2,612 84% 2,632 2,805 -173 3DG Jewellery 金至尊 250 8% 238 239 -1 Goldstyle 22 1% 22 27 -5 Brands 品牌 Lukfook Joaillerie 六福精品廊 40 1% 40 39 +1 Heirloom F
Slide 36: Lukfook & 3DG Jewellery Distribution Network in Mainland
LUKFOOK & 3DG Jewellery DISTRIBUTION NETWORK IN MAINLAND Total No. of shops 店铺总数： 3,000 (-179) 六福 及 金至尊 内地分销网络 Total No. of Licensees 品牌商总数 746（-63） Total No. of Provinces 省总数 27（0） Total No. of Municipalities 直辖市总数 4（0） As at 30 Sep 2025 于2025年9月30日 Total No. of Cities 城市总数 535（-20） 30.4% Self-oper
Slide 37: Focus on Market-oriented Products
THREE-YEAR KEY STRATEGIES (FY2026-FY2028) 三年主要策略 (2026至2028财年) Focus on Market-oriented Products 专注于市场导向产品 Consumer Insights Product differentiation Efficient Product 消费者洞察 产品差异化 Management 高效产品管理 In Response to the Trend of Polarized Brand Story and Values Coordination of Sales and Marketing
Slide 38: Focus on Operational Efficiency Enhancement
THREE-YEAR KEY STRATEGIES (FY2026-FY2028) 三年主要策略 (2026至2028财年) Focus on Operational Efficiency Enhancement 专注于营运效益优化 Staff Productivity Maximization Productivity Enhancement 提升员工产能至最高水平 促进生产力 • Cultivation of Continuous Improvement (CI) • Supply Chain Optimization and Innovation Culture 优化供应链管理 培育持续
Slide 39: Branding
BRANDING 品牌推广策略 39
Slide 40: Multi Brand Strategy and Shop Images
MULTI BRAND STRATEGY AND SHOP IMAGES 多品牌策略及店铺形象 In response to the increasingly diverse market needs, Lukfook Group has continued to deepen its multi-brand strategy. By establishing a distinctly differentiated brand portfolio through precisely targeting various market segments, Lukfook aims to fully
Slide 41: Global Brand Ambassador
GLOBAL BRAND AMBASSADOR 全球品牌代言人 Invited acclaimed actor Cheng Yi as the global brand ambassador to rejuvenate the brand image and to reach his vast fan base around the world. 邀请实力演员成毅担任品牌全球代言人，以焕新品牌形象并触达其遍布全球的庞大粉丝群。 41
Slide 42: Signature Collection - DiaBling
SIGNATURE COLLECTION - DIABLING 主打系列 - 冰·钻光影金 "DiaBling Shimmering Gold" Collection is crafted with CNC colour radiating finish, 360-degree filigree and precision laser cutting to create a multi-faceted radiant effect on gold. It has gained high popularity among consumers since its launch and has an
Slide 43: Signature Collection – Hulu
SIGNATURE COLLECTION – HULU 主打系列 - 葫芦 Hulu symbolizes fortune and prosperity. Through various designs and craftsmanship, from traditional to contemporary aesthetic interpretations, and a series of promotional campaigns to make “Get Hulu at Lukfook”deeply rooted in people's heart. 葫芦寓意「福禄」，以传统及现代美学之不
Slide 44: Signature Collection – Heirloom Fortune
SIGNATURE COLLECTION – HEIRLOOM FORTUNE 主打系列 - 福满传家 Heirloom Fortune Upholds the philosophy of “passing down the traditional virtue of filial piety and conveying the blessing for a blissful life”, interprets the essence of traditional culture with finely crafted gold pieces, and incorporates craftsm
Slide 45: Signature Collection – Love is Beauty
SIGNATURE COLLECTION – LOVE IS BEAUTY 主打系列 – 爱很美 Love is beauty, a natural diamond collection that has been launched for over 14 years, features heart-shaped elements and elegant lines in its design to symbolize love, expressing romantic affection and happiness. 推出超过14年的爱很美天然钻石系列，融入象征爱情的心形元素及线条美学，表达
Slide 46: IP Collaborations
IP COLLABORATIONS IP合作 Further solidified leadership in the “China-chic” domain by 3 IPs collaborations with “Tang Palace Cultural Creation”. One of the IPs“Night Banquet in Tang Palace”, which is one of the Top 10 National IPs of 2021, was launched in September 2025, along with over 140 new product
Slide 47: IP Collaborations
IP COLLABORATIONS IP合作 Nazha Rilakkuma 哪吒 轻松小熊 Following the successful collaboration in 2020 with the phenomenal film “Ne Zha”, a new series of product collaborated with the globally popular Chinese animated film: Ne Collaborated with San-X for over 10 years to create numerous jewellery products of
Slide 48: IP Collaborations
IP COLLABORATIONS IP合作 Miss Hong Kong Xiqi 香港小姐 稀奇 For the 24th year, Lukfook Jewellery served as the official sponsor of the crown and jewellery for the "Miss Hong Kong Pageant", Lukfook also introduced the "Love Yourself" Collection and a limited-edition 18K gold diamond crown to strengthen its br
Slide 49: Anniversary Campaign
ANNIVERSARY CAMPAIGN 周年庆活动 To celebrate anniversary, we specially launched the brand-new Fun Nut Collection of gold Jewellery and kick-started a series of promotions. 为庆祝周年庆，全新推出「奇趣坚果」系列足金首饰，并启动了一系列推广活动。 Launched the limited edition "Fun Nut" Cheng Yi featured gift set. The packaging of the gift box
Slide 50: Customer Relationship
CUSTOMER RELATIONSHIP 顾客关系 >9,000,000 (+20%) 78% (+10p.p) +41% Total Number of Members Member Contribution to Group’s Member Spending in 1H FY2026 as of 30 Sep 2025 Retail Sales in 1H FY2026 2026上半财年会员消费额 截至2025年9月30日之会员总数 2026上半财年会员占集团零售销售额 CRM SCRM Held nearly 11,000 VIP workshops in a year 每年举办接近
Slide 51: VIP Thankful Month
VIP THANKFUL MONTH 超级会员月 Member Contribution to Group's Number of People Number of People Checking Retail Sales during VIP Thankful Engaged in in at Store Month (YOY) WeChat Mini-program 超级会员月期间 引流到线上会员小程序人次 引流到店打卡人数 会员占集团零售销售额 (同比) +9p.p. 1,040,000 126,000 Various online and offline incentive activ
Slide 52: Celebrity Marketing
CELEBRITY MARKETING 名人推广 Invited a variety of celebrities for short to long-term marketing campaigns to raise brand awareness and recognition among our target customers of different brands and product collections 邀请多位名人参与短期至长期推广项目，以增加各品牌及产品系列在市场的知名度和认可度 Invited Ms. Grace Chan as the guest of honour
Slide 53: Joint Promotion with Reputable Partners
JOINT PROMOTION WITH REPUTABLE PARTNERS 联合推广 Co-organised promotion activities with various reputable partners to expand brand exposure to target customers 与知名品牌合作推广，以扩大品牌在目标客户之间的曝光率。 Collaborative Jewellery Show by Lukfook Jewellery and China Everbright Bank 六福珠宝与光大银行联乘珠宝品鉴会 Joint Member Event by L
Slide 54: Sustainability
SUSTAINABILITY 可持续发展 54
Slide 55: FY2025 Sustainability Recognitions and Awards
FY2025 SUSTAINABILITY RECOGNITIONS AND AWARDS 2026财年可持续发展认证及奖项 Total 共获 ： 12 Recognitions and Awards 认证及奖项 Overall ESG Environmental Social Governance 整体环境、社会、管治 : 2 环境 : 2 社会 : 1 管治 : 7 The group awarded “ESG pledge” The group shone again at the “BOCHK The group won fundraising champion The group e
Slide 56: Open Forum
OPEN FORUM 公开讨论 56
Slide 57: Core Competences
CORE COMPETENCES 核心竞争优势 57
Slide 58: Core Competences
CORE COMPETENCES 核心竞争优势 Vertical Integration Competent Extensive Quality Assurance Licensing Model Distribution Network 质量保证 垂直整合 有效的品牌模式 庞大分销网络 Reputable Brand One-stop Appealing Product procurement hub Excellent Service Design 可信赖品牌 卓越服务 一站式采购中心 具吸引力的产品设计 58
Slide 59: Vertical Integration
VERTICAL INTEGRATION 垂直整合 Vertical integration helps strengthen operational efficiency, cost effectiveness, market responsiveness and supply reliability to enhance competitiveness 垂直整合有助强化营运效率、成本效益、市场反应能力及供应可靠度，以增强竞争力 Distribution 分销 04 Self-operated Shops & E-Commerce Platforms 自营店及电子商务销售平台 Retaili
Slide 60: Competent Licensing Model
COMPETENT LICENSING MODEL 有效的品牌模式 Licensing Model 品牌模式 Licensing Income 品牌收入 Revenue from Joining Fee Royalty Income 加盟费用 专利收入 Wholesaling Revenue Licensing Model + 批发收入 品牌店 营运模式收入 Consultancy Fee 顾问费用 Payment terms 付款方式 : Cash On Delivery 交货付款 Advantages 优点 Requirements 条件 Ride on local knowledge I
Slide 61: Competent Licensing Model
COMPETENT LICENSING MODEL 有效的品牌模式 Stringent control system applied on both self-operated and licensed shops 自营店和品牌店采用统一的监管系统 Operational Control Brand Image Control 营运监管 品牌形象监管 Whistleblowing System and Reward Scheme Authorised renovation contractors to ensure standardised shop image 鸣笛系统及奖励计划 指定装修承
Slide 62: Reputable Brand
REPUTABLE BRAND 可信赖品牌 Lukfook Jewellery is positioned as a brand with the finest products and quality services targeting the mass luxury market. As a Hong Kong brand with over 30 years of history, the Group puts substantial effort in building a welcoming and warm-hearted brand image to penetrate int
Slide 63: Appealing Product Design
APPEALING PRODUCT DESIGN 具吸引力的产品设计 Professional jewellery design teams in Shenzhen and Nansha in Mainland and Hong Kong 于内地深圳、南沙及香港设有专业珠宝设计团队 Have attained over 220 awards 获得超过220个奖项 Title of Design: Shining Stars Design Concept: Every star in the night sky shines with its unique brilliance, just as
Slide 64: Meticulous Quality Assurance
Meticulous Quality Assurance 质量保证 China Gems Laboratory Limited 中华珠宝鉴定中心有限公司 The only laboratory in Hong Kong that meets the requirements of accreditation in fei cui testing, diamond authentication and grading, and gold fineness testing. Besides, it is the first laboratory in Hong Kong to obtain Chi
Slide 65: Excellent Service
EXCELLENT SERVICE 卓越服务 “Delivering the Beauty of Love with Six Heartfelt Services” Customer Service Programme 「六心传为您 因为爱很美」顾客服务计划 Hong Kong Retail Management Association Research Management Ltd. 香港零售管理协会 "Mystery Shopper Programme”: "Quality Service Benchmarking Assessment" : Received an average sco
Slide 66: Company Profile
COMPANY PROFILE 公司简介 66
Slide 67: About Lukfook
ABOUT LUKFOOK 关于六福 A leading jewellery retailer in Mainland and Hong Kong 内地及香港主要珠宝零售商之一 Main Business 主要业务 The Group principally engages in the sourcing, designing, wholesaling, trademark licensing and retailing of a variety of gold and platinum jewellery and gem-set jewellery products 集团主要从事各类黄铂金首
Slide 68: Appendices
APPENDICES 附录 68
Slide 69: Financial Performance Since IPO
FINANCIAL PERFORMANCE SINCE IPO 自上市之财年财务回顾 In 1997, Lukfook Group was listed on the main board of the Stock Exchange of Hong Kong Ltd. 1997年，六福集团在香港交易所主板上市 Revenue 收入 Average Dividend Payout Ratio 5% CAGR 年复合增长率 平均派息比率 50% Profit for the Year 年内溢利 Average Return on Equity 7% CAGR 年复合增长率 平均股东权益回报率 16
Slide 70: Average Gold Price Changes & GP% of Gold
AVERAGE GOLD PRICE CHANGES & GP% OF GOLD 平均黄金价格波幅及黄金毛利率 Gross margin of gold sales is not highly correlated to the gold price fluctuation 黄金产品之毛利率与黄金价格变动相关性不大 Gross Margin of Gold Sales Full Year 全年 黄金销售毛利率 US$2,583 US$ 美金 40% (↑29.8%) 2,800 US$1,989 2,600 US$1,822 US$1,818 US$1,805 2,400 (↑10.2%) 3
Slide 71: 1H&2H FY2021-2026 Operating Performance
1H&2H FY2021-2026 OPERATING PERFORMANCE 2021-2026上半及下半财年 营运表现 (HK$M) (百万港元) 33.2% 33.4% 34.7% 20,000 32.7% 27.6% 28.2% 27.7% 27.8% 30% 18,000 26.8% 26.1% 26.7% 16,000 20% 15.5% 14.7% 15.2% 14,000 14.0% 14.0% 11.6% 11.8% 12.4% 11.1% 11.4% 9.8% 13.2% 12.6% 10% 12,000 11.7% 12.0% 11.8% 9.8% 10.4% 8.8%
Slide 72: 1H&2H FY2023-2026 Total Operating Expenses
1H&2H FY2023-2026 TOTAL OPERATING EXPENSES 2023-2026上半及下半财年总经营开支 21.3% 18.4% 19.10% (HK$M) 15.1% 16.0% 15.7% (百万港元) 14.3% 1,453 1,304 1,228 Other Expenses 1200 1,160 383 其他开支 279 1,070 1,028 302 Advertising & Marketing 248 103 1000 73 广告及市场推广 248 245 61 98 112 840 76 Depreciation & Amortisation 71 折
Slide 73: Thank You
73 iByey _ SS 7\ ta RE LUKFOOK GROUP & Thank You
Slide 74: Disclaimer
DISCLAIMER 免责声明 This presentation has been prepared by Luk Fook Holdings (International) Limited (the “Company”), and the information contained herein has not been independently verified. This presentation does not make any explicit or implicit representations or warranties and no undue reliance sho
Slide 75: Investor Relations WeChat
FY2026 Interim Report Investor Relations 2025上半财年年报 WeChat 投资者关系微信 will be uploaded in November 2025 将于2025年12月上载 75
Luk Fook Holdings (International) — H1 FY2025/26 Earnings Presentation on 6ix