Luk Fook Holdings (international) Limited · HKEX:590
Luk Fook Holdings (international) — FY2026 Earnings Presentation
86 slides from Luk Fook Holdings (international)'s earnings presentation, June 2026
Slide 1: Corporate Presentation FY2025/26 Annual Results
CORPORATE PRESENATION FY2025/26* Annual Results 企业简报 2025/26财年* 全年业绩 * Hereafter refers to as “FY2026” 往后称为「2026财年」 1
Slide 2: Content
CONTENT 目录 • FY2025/26 FINANCIAL HIGHLIGHTS 2025/26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 可持续发展 • 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: FY2026 Financial Highlights
FY2026 FINANCIAL HIGHLIGHTS 2026财年财务亮点 3
Slide 4: FY2026 Financial Highlights: Record High Profitability
FY2026 FINANCIAL HIGHLIGHTS 2026财年财务亮点 RECORD HIGH ACROSS KEY PROFITABILITY METRICS 多项关键盈利指标创新高 Y-o-Y Changes 按年变化 Profit for the Year 年内溢利 2,015 +88.7% HK$M 百万港元 Operating Profit 经营溢利 2,648 +87.5% HK$M 百万港元 Operating Margin 经营溢利率 15.4% +4.8p.p. 个百分点 Gross Profit 毛利 6,310 +42.9% HK$M 百万港元 Gross Marg
Slide 5: FY2026 Financial Highlights
FY2026 FINANCIAL HIGHLIGHTS 2026财年财务亮点 Profit Attributable to Equity Holders 权益持有人应占溢利 HK$ 2,046 M百万港元 86.0% Revenue 收入 Basic Earnings per Share 每股基本盈利 HK$ 17,205 M百万港元 29.0% HK$ 3.48 港元 86.1% Operating Profit 经营溢利 Proposed Final Dividend per Share 拟派末期股息 87.5% 1.02 港元 HK$ 2,648 M百万港元 HK$ Di
Slide 6: FY2026 Movement in Operating Profit
FY2026 MOVEMENT IN OPERATING PROFIT 2026财年经营溢利变动 (HK$M) (百万港元) 4,000 Revenue 收入 6,310 -2,9701 3,500 (+42.9%) (+13.7%) HK$ 17,205 M 29.0% -8402 百万港元 3,000 (-70.5%) +148 -357 (+46.7%) 2,648 2,500 -347 +47 (+87.5%) Gross Margin +1,236 毛利率 2,000 36.7% 3.6p.p. 1,500 1,412 +1,893 1,000 TOE to Revenue
Slide 7: Financial Review
FINANCIAL REVIEW. iF} |BH
Slide 8: Financial Review
FINANCIAL REVIEW 财务回顾 FY2026 FY2025 Y-o-Y Changes (HK$M) (百万港元) 2026财年 2025财年 按年变化 Revenue 收入 17,205 13,341 +29.0% Gross Profit 毛利 6,310 4,417 +42.9% Operating Profit 经营溢利 2,648 1,412 +87.5% Profit for the Year 年内溢利 2,015 1,068 +88.7% Profit Attributable to Equity Holders 权益持有人应占溢利 2,046 1,100 +86.0
Slide 9: Key Financial Indicators
KEY FINANCIAL INDICATORS 主要财务指标 FY2026 FY2025 2026财年 2025财年 As at 31 Mar 2026 As at 31 Mar 2025 Y-o-Y Changes (HK$M) (百万港元) 截至2026年3月31日 截至2025年3月31日 按年变化 Total Inventories 总存货 14,617 10,739 +36.1% Average Inventory Turnover Days1 平均存货周转日1 436 427 +9 Closing Inventory Turnover Days2 期末存货周转日2 503 451
Slide 10: Summary – Financial Position
SUMMARY – FINANCIAL POSITION 财务状况摘要 As at 31 Mar 2026 As at 31 Mar 2025 Y-o-Y Changes (HK$M) (百万港元) 截至2026年3月31日 截至2025年3月31日 按年变化 Non Current Assets 非流动资产 4,116 4,306 -4.4% Current Assets 流动资产 17,990 13,592 +32.4% Total Assets 总资产 22,106 17,898 +23.5% Non Current Liabilities 非流动负债 446 433 +3.1% Cur
Slide 11: Revenue and Profit Analysis by Market
REVENUE AND PROFIT ANALYSIS 收入及溢利分析 56.8% Revenue and Segment Profit by Market (60.5%) 按市场划分的收入及分部溢利 69.4% (65.3%) Segment Profit 30.6% Revenue Segment Profit Margin 43.2% (34.7%) (39.5%) HK$M 百万港元 收入 分部溢利 分部溢利率 Hong Kong, Macao & Overseas 9,781 2,082 21.3% 香港、澳门及海外 +21.2% +91.3% +7.8 p.p. Y-o-Y Cha
Slide 12: 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 5.8% (6.8% ) Segment Profit 22.5% Revenue Segment Profit Margin 16.6% (37.6%) HK$M 百万港元 收入 分部溢利 分部溢利率 (10.5%) 16.3% (0.8%) 61.2% Retailing 零售 13,343 1,837 13.8% (61.6%) 77.6% Y-o-Y Changes 按年变化 +21.0% +79.0% +4.
Slide 13: Sales and Gross Profit by Product
REVENUE AND PROFIT ANALYSIS 收入及溢利分析 Sales1 and Gross Profit2 by Product 按产品划分的销售1及毛利2 66.4% (70.9%) Sales1 Gross Profit2 Gross Margin HK$M 百万港元 销售1 毛利2 毛利率 62.6% (62.0%) Gold & Platinum 黄金及铂金 10,769 3,506 32.6% Y-o-Y Changes 按年变化 +22.1% +50.8% +6.2 p.p. 37.4% (38.0%) 33.6% Fixed Price Jewellery 定价首饰
Slide 14: Regional 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 0.6% 香港、澳门及海外 (0.6%) 1.9% (1.8%) Segment Profit Revenue Segment Profit Margin 2.9% HK$M 百万港元 收入 分部溢利 分部溢利率 (4.6%) Retailing 零售 9,539 1,639 17.2% 18.4% Y-o-Y Changes 按年变化 +21.2% +69.1% +4.9 p.p. (6.4%) 78.7% (
Slide 15: Regional Analysis: Mainland
REGIONAL REVENUE & PROFIT ANALYSIS BY BUSINESS 地区收入及溢利分析以业务划分 Mainland 内地 51.3% 12.6% (59.9%) (16.2% ) Segment Profit Revenue Segment Profit Margin HK$M 百万港元 收入 分部溢利 分部溢利率 66.8% (99.6%) 21.6% Retailing 零售 3,804 198 5.2% (9.9%) Y-o-Y Changes 按年变化 +20.4% +245.4% +3.4 p.p. 11.6% (-9.5%) 36.1% Wholesali
Slide 16: 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% 5% HK$1.14B (收入占比 %) 6% 8% 11.4亿港元 (↑59.6%) 100% HK$2.74B 27.4亿港元 25% 29% 29% (↑20.1%) 22% 80% 29% HK$3.
Slide 17: Mainland E-Commerce
MAINLAND E-COMMERCE Revenue 内地电子商务 收入 HKD 2,082百万 +12.9% Y-o-Y Changes 按年变化 Sales by Product 销售以产品划分 Average Selling Price 平均售价1 9.1% RMB 3,200人民币 +45.5% Y-o-Y Changes 按年变化 (7.9%) Contribution to Mainland Retailing Revenue2 占内地零售收入2 54.7% (FY2025: 58.4%) 90.9% (92.1%) Contribution to Group’s Retaili
Slide 18: Total Operating Expenses
TOTAL OPERATING EXPENSES 总经营开支 15.0% 19.6% 17.3% (% of Revenue) (收入占比%) (HK$M) (百万港元) 2,970 (↑13.7%) 3000 Other Expenses 其他开支 2,613 3.7% 645 (↑9.7%) 2500 Advertising & Marketing 2,298 广告及市场推广 4.5% 619 1.0% 165 (↓7.7%) Depreciation & Amortisation 2000 3.3% 550 1.3% 228 (↑15.4%) 折旧及摊销 1.4% 179 0.6% 1.
Slide 19: Capex
CAPEX 资本开支 (HK$M) (百万港元) 150 145 2 130 110 102 Purchase of Premises 购置物业 Furniture, fixture and equipment 90 & leasehold improvements 121 家俬、装置与设备及租赁物业装修 Shops 70 店铺 143 Offices 87 公司 50 Manufacturing Plants 加工厂 30 12 7 10 8 10 FY2025 FY2026 -10 2025财年 2026财年 19
Slide 20: Future Plans & Strategies
FUTURE PLANS & STRATEGIES 未来计划与策略 20
Slide 21: Three-Year Key Strategies (FY2026-FY2028)
THREE-YEAR KEY STRATEGIES (FY2026-FY2028) 三年主要策略 (2026-2028财年) Focus on Overseas Market Expansion 专注于海外市场拓展 Focus on Market-oriented Products 专注于市场导向产品 Sustainable Growth 持续增长 Focus on Operational Efficiency Enhancement 专注于营运效益优化 21
Slide 22: Focus on Overseas Market Expansion
As at 31 Mar 2026 THREE-YEAR KEY STRATEGIES (FY2026-FY2028) 于2026年3月31日 三年主要策略 (2026至2028财年) Presents in 遍布 12 countries or regions 个国家或地区 Focus on Overseas Market Expansion 专注于海外市场拓展 Worldwide total no. of shops: 3,005 全球店铺总数: Mainland Market Mainland 内地市场 内地 2,880 Net Addition of 净增设 50 Overseas S
Slide 23: Network Expansion and Capex in FY2027
NETWORK EXPANSION AND CAPEX IN FY2027 2027财年零售网络扩充及资本开支 FY2027 Network Expansion Plans CAPEX 2027财年零售网络扩充计划 资本开支 Net addition (HK$M) 净增加 (百万港元) Overseas • 50% Self-operated shops 自营店 • Shop renovation 30 店铺装修 110 海外 • 50% Licensed shops 品牌店 Hong Kong • Office renovation and purchase of new equipment
Slide 24: 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 25: 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 26: Branding
BRANDING 品牌推广策略 26
Slide 27: Multi Brand Strategy
MULTI BRAND STRATEGY 多品牌策略 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 leverage the unique
Slide 28: Shop Images
SHOP IMAGES 店铺形象 Unveiled three types of shop image – “Image Shop”, “Affordable Luxury Shop” and “Concept Shop”, aiming to deliver a diverse yet cohesive shopping journey for customers. The “Image Shop” continues the brand’s core colour and infuses the space with a stylish, youthful vibe, delivering
Slide 29: 35th Anniversary
35th ANNIVERSARY 35周年庆 As the brand celebrates its 35th anniversary in 2026, the Group has officially launched a comprehensive upgrade of brand image. Drawing inspiration from the “Bauhinia”, the floral emblem of the Hong Kong Special Administrative Region, the brand has introduced a new brand colou
Slide 30: 35th Anniversary: New Brand Colour
35th ANNIVERSARY 35周年庆 Application of the new brand colour - “Oriental Bauhinia Red” 全新品牌颜色「东方紫荆红」之应用 Shop Signage Jewellery Boxes 店铺标志 首饰盒 Official Website of Lukfook 六福珠宝官方网站 Window Decoration 橱窗装饰 Jewellery Display 陈列台 Social medias and e-shop 各社交媒体及电商平台 30
Slide 31: Global Brand Ambassador
GLOBAL BRAND AMBASSADOR 全球品牌代言人 Invited acclaimed actor Cheng Yi as the global brand ambassador. He has effectively strengthened overall brand visibility and played a key role in driving sales performance through strategic endorsement initiatives 邀请实力演员成毅担任品牌全球代言人，透过一系列策略性代言举措，显着提升了品牌整体知名度，并为带动销售增长发
Slide 32: Signature Collection – DiaBling Shimmering Gold
SIGNATURE COLLECTION – DIABLING SHIMMERING GOLD 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 l
Slide 33: 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同
Slide 34: 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 35: 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，表达浪
Slide 36: IP Collaborations
IP COLLABORATIONS IP合作 To reach a broader consumer base, the brand established a comprehensive portfolio of IP collaborations. Through these diverse IP collaborations in the “China-chic”, Chinese animation, arts, fashion and art toy domains, the brand aims to transform cultural value into product va
Slide 37: IP Collaborations
IP COLLABORATIONS IP合作 Rhapsody on the Luo River Goddess Longmen Vajra 洛神水赋 龙门金刚 The eternal Longmen Grottoes and the flowing Yi River stand as witnesses to a millennium Joined hands with Tang Palace Cultural Creation‘s IP to present the “Rhapsody on the Luo of civilization. When tradition meets mod
Slide 38: IP Collaborations
IP COLLABORATIONS IP合作 Ne Zha 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 o
Slide 39: 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 40: Lukfook Jewellery Raceday
LUKFOOK JEWELLERY RACEDAY 六福珠宝赛马日 Marking the 10th year of collaboration with The Hong Kong Jockey Club, Lukfook Jewellery hosted the “Lukfook Jewellery Raceday”, using the prestigious event as a platform to showcase the brand’s exquisite creations that blend various elements such as gold, diamonds
Slide 41: Customer Relationship
CUSTOMER RELATIONSHIP 顾客关系 10,400,000 (+16%) 80% (+25p.p.) +44% Total Number of Members Member Contribution to Group’s Member Spending in FY2026 as of 31 Mar 2026 Retail Sales in FY2026 2026财年会员消费额 截至2026年3月31日之会员总数 2026财年会员占集团零售销售额 Upgraded CRM to SCRM to form the foundation of we-media and track c
Slide 42: 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 43: 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 Crafted the champion rings for the “ King Pro League” for 20 consecutive seasons, enriching its product portfolio whi
Slide 44: 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 Collaborative Jewellery Show with the Tan
Slide 45: Sustainability
SUSTAINABILITY 可持续发展 45
Slide 46: FY2026 Sustainability Recognitions and Awards
FY2026 SUSTAINABILITY RECOGNITIONS AND AWARDS 2026财年可持续发展认证及奖项 Total 共获 ： 29 Recognitions and Awards 认证及奖项 Overall ESG Environmental Social Governance 整体环境、社会及管治 : 6 环境 : 6 社会 : 4 管治 : 13 The Group has once again been The Group has been honoured with the The Group has been honoured with the The Grou
Slide 47: Climate Targets Roadmap (FY2030-FY2050)
Climate Targets Roadmap (FY2030-FY2050) 气候目标路线图（2030-2050财年） FY2030 Near-term Targets Achieved in FY2026 2030财年短期目标 已于2026财年提前达成 GHG Emissions Intensity (Scope 1 & 2) 温室气体（范围1及2）排放密度 30% before FY2030 2030財年前 Energy Consumption Intensity before FY2030 能源消耗总量密度 20% 2030財年前 FY2050 Long-term Goal 2
Slide 48: Open Forum
OPEN FORUM 公开讨论 48 48
Slide 49: Core Competences
CORE COWVIPE ZI) SS 1 AM) 75 FF NU Fa,
Slide 50: 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 Excellent Service 可信赖品牌 procurement hub Design 卓越服务 一站式采购中心 具吸引力的产品设计 50
Slide 51: 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 52: 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 53: 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 54: 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 55: 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设计团队 Have attained nearly 230 awards 获得近230个奖项 Title of Design: Classical Charm Design Concept: Inspired by the enamel-on-porcelain painting art of the Qing Dynasty
Slide 56: 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 jadeite jade testing, diamond authentication and grading, and gold fineness testing. Besides, it is the first laboratory in Hong Kong to obtai
Slide 57: 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 "Quality Service Benchmarking Assessment" : "Mystery Shopper Programme”: Received an average per
Slide 58: Company Profile
COMPANY PROFILE 公司简介 58
Slide 59: 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 60: Appendices
APPENDICES Bat Sk 60
Slide 61: Dividend
DIVIDEND 股息 FY2026 FY2025 Y-o-Y Changes (HK$) (港元) 2026财年 2025财年 按年变化 Basic Earnings per Share HK$3.48 HK$1.87 +86.1% 每股基本盈利 Final Dividend per Share HK$1.02 HK$0.55 +85.5% 每股末期股息 Interim Dividend per Share HK$0.55 HK$0.55 0.0% 每股中期股息 Annual Dividend per Share HK$1.57 HK$1.10 +42.7% 每股全年股息 Dividend
Slide 62: FY2022-2026 Operating Performance
FY2022-2026 OPERATING PERFORMANCE 2022-2026财年营运表现 (HK$M) (百万港元) 40,000 40.0% 36.7% 33.1% 35,000 27.6% 27.0% 27.2% 30.0% 30,000 20.0% 25,000 15.4% 14.0% 13.2% 13.8% 10.6% 20,000 11.9% 11.5% 11.7% 10.0% 10.7% 17,205 8.0% 15,326 15,000 13,341 11,738 11,978 0.0% 10,000 -10.0% 5,000 2,116 2,648 1,643 1,5
Slide 63: 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) 40,000 38.00% 40.0% 34.70% 32.70% 33.40% 35,000 28.2% 27.70% 27.80% 30.0% 26.8% 26.1% 26.70% 30,000 18.00% 20.0% 25,000 14.7% 15.20% 14.0% 14.0% 11.80% 12.40% 11.10% 11.40% 9.80% 13.60% 20,000 12.0% 11.8% 12.60% 10.0% 11.7%
Slide 64: Revenue and Profit Analysis by Market (Half-Year)
REVENUE AND PROFIT ANALYSIS 收入及溢利分析 Revenue and Segment Profit by Market 按市场划分的收入及分部溢利 1H FY2026 2H FY2026 2026上半财年 2026下半财年 56.4% 57.2% (64.5%) (57.7%) 68.2% (77.3%) 69.8% (59.4%) 42.8% 31.8% 43.6% (42.3%) (22.7%) 30.2% Revenue Segment Profit (35.5%) 收入 分部溢利 (40.6%) Hong Kong, Macao & Overseas 香港、澳
Slide 65: Revenue and Profit Analysis by Business (Half-Year)
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 1H FY2026 2H FY2026 2026上半财年 2026下半财年 6.9% 5.1% (7.4% ) (6.3%) 32.1% 16.9% 16.3% 18.7% (43.2%) (12.9%) (7.1 %) (34.8%) 12.5% (-12.4%) 55.4% 76.8% 17.8% 63.5% 78.0% Revenue Segment Profit (69.2%) (85.5%) (7.4%) (
Slide 66: Sales and Gross Profit by Product (Half-Year)
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 1H FY2026 2H FY2026 2026上半财年 2026下半财年 64.3% 67.8% (73.1%) (69.4%) 59.7% 64.4% (66.7%) (58.8%) 40.3% (33.3%) 35.6% 35.7% (41.2%) Sales Gross Profit (26.9%) 32.2% 销售 毛利 (30.6%) Gold & Platinum3 黄金及铂金3 Fixed Price Jew
Slide 67: Regional 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 1H FY2026 2H FY2026 2026上半财年 2026下半财年 97.0% (97.9%) 97.9% 83.6% 76.8% (97.3%) 5.8% (97.8%) 1.8% (83.3%) (7.5%) (2.8%) 0.9% 10.6% 0.4% Revenue Segment Profit 21.4% (0.9%) (-5.3%) (0.4%) 收入 分部溢利 (13.9%
Slide 68: Regional 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 2H FY2026 1H FY2026 2026下半财年 2026上半财年 11.3% 14.7% (14.4%) (19.2%) 50.6% (63.1%) 51.7% 57.7% (58.1%) (81.6%) 32.8% (20.6%) Revenue Segment Profit 37.1% 收入 分部溢利 (27.5%) 9.4% Retailing 零售 34.7% (-2.0%) Wholesaling 批发 (17.7%) Lice
Slide 69: 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% Segment Profit Margin by Market 30% 25.2% 21.3% 21.3% 分部溢利率 (以市场划分) 22.3% 20.2% 21.1% 18.4% 14.5% 20% 20% 15.7% 15.2% 14.6% 13.8% 12.2% 13.5% 13.5% 12.4% Mainland 11.7% 内地 9.0% 8.6% 8.8% 10% 10% Hong Kong, Macao & Overseas 9.2% 11.0% 9.8% 6.5% 香港
Slide 70: 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 100% 125% 109.1% 104.9% 103.5% 102.7% 101.1% 103.2% 105.4% 74.8% 76.4% 100.8% 71.7% 74.4% 100% 75% 70.6% 65.3% 55.6% 55.3% 75% 1H&2H 50% 上半财年 及 50% 19.8% 12.2% 13.1% 12.5% 11.6% 9.3%
Slide 71: Retailing Analysis
RETAILING ANALYSIS 零售分析 SSSG 同店销售增长* Y-o-Y Changes 按年变化 FY2026 FY2025 FY2026 FY2025 2026财年 2025财年 2026财年 2025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 整体 +18% -25% +21% -2% +26% -13% -22% +7% • Gold & Platinum 黄金及铂金 +18% -28% +21% -2% +26% -16% -32% +18% • Fixed
Slide 72: Retailing Analysis on Mainland
RETAILING ANALYSIS ON MAINLAND 内地零售分析 Same Store Sales Growth 同店销售增长 FY2026 FY2025 2026财年 2025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 Licensed/ Spe
Slide 73: 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 Q3 Q4 Overall -1% +40% -10% +83% +62% +31% +67% -5% -34% -35% -22% -10% +5% +10% +15% +33% 整体 Gold +9% +62% -5% +92% +67% +30% +78% +3% -33% -38% -26% -17% 0%
Slide 74: Average Ticket Size & Fixed Price Jewellery ASP
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 每单平均消费 定价首饰产品平均售价 $ (in terms of 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 75: 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$110.1M (% of Revenue) 110.1百万港元 (收入占比 %) (↑60.5%) Fixed Price 80% 100% Jewellery 45% 47% 定价首饰 60% 90% 60%
Slide 76: Total Operating Expenses
TOTAL OPERATING EXPENSES (% of Revenue) 总经营开支 (收入占比%) 15.0% 19.6% 17.3% (↑13.7%) (HK$M) (百万港元) 2,970 3000 Other Expenses 其他开支 2,613 (↑9.7%) 3.7% 644 2500 Advertising & Marketing 2,298 广告及市场推广 4.5% 619 1.0% 165 (↓ 7.7%) Depreciation & Amortisation 2000 3.3% 550 1.3% 228 (↑15.4%) 折旧及摊销 1.4% 179 0.6% 1
Slide 77: 1H&2H FY2024-2026 Total Operating Expenses
1H&2H FY2024-2026 TOTAL OPERATING EXPENSES 2024-2026上半及下半财年总经营开支 21.3% 18.4% 19.1% (HK$M) 15.7% 16.1% (百万港元) 14.3% 1,666 Other Expenses 其他开支 1600 1,453 Advertising & Marketing 1400 366 广告及市场推广 1,304 1,228 1,160 92 1200 Depreciation & Amortisation 383 279 116 1,070 折旧及摊销 302 248 103 1000 73 186 248 9
Slide 78: Inventory Analysis
INVENTORY ANALYSIS 存货分析 Closing Inventories 期末存货 (HK$M) (百万港元) FY2025 FY2026 2025财年 2026财年 14,617 (↑36.1%) 14,000 12,000 10,739 Gold & Platinum 8,667 8,400 57% 黃金及铂金 10,000 (↑53.8%) (↑31.8%) Fixed Price Jewellery 8,000 5,461 46% 5,950 6,579 定价首饰 (↑43.0%) 6,000 4,906 48% (↑47.8%) 57% 3,320 4,160 4,00
Slide 79: Extensive Retail Network
EXTENSIVE RETAIL NETWORK 庞大零售网络 Countries and Regions Main-brands/Sub-brands/Product Lines As at 12 Jun 2026 Mix As at 31 Mar 2026 As at 31 Mar 2025 Changes 国家及地区 主品牌/副品牌/产品线 于2026年6月12日 组合 于2026年3月31日 于2025年3月31日 变化 Lukfook 六福 72 2% 71 74 -3 3DG Jewellery 金至尊 163 6% 152 99 +53 Mainland 内地 Goldstyle
Slide 80: Extensive Retail Network
EXTENSIVE RETAIL NETWORK 庞大零售网络 Countries and Regions Main-brands/Sub-brands/Product Lines As at 12 Jun 2026 Mix As at 31 Mar 2026 As at 31 Mar 2025 Changes 国家及地区 主品牌/副品牌/产品线 于2026年6月12日 组合 于2026年3月31日 于2025年3月31日 变化 Lukfook 六福 2,241 77% 2,341 2,633 -292 3DG Jewellery 金至尊 94 3% 101 132 -31 Mainland
Slide 81: Extensive Retail Network
EXTENSIVE RETAIL NETWORK 庞大零售网络 As at 12 Jun 2026 Mix As at 31 Mar 2026 As at 31 Mar 2025 Changes 于2026年6月12日 组合 于2026年3月31日 于2025年3月31日 变化 Lukfook 六福 2,424 84% 2,524 2,805 -281 3DG Jewellery 金至尊 264 9% 260 239 +21 Goldstyle 15 1% 16 27 -11 Brands 品牌 Lukfook Joaillerie 六福精品廊 38 1% 38 39 -1 Heirloom
Slide 82: Lukfook & 3DG Jewellery Distribution Network in Mainland
LUKFOOK & 3DG Jewellery DISTRIBUTION NETWORK IN MAINLAND Total No. of shops 店铺总数： 2,880（-299） 六福 及 金至尊 内地分销网络 Total No. of Licensees 品牌商总数 716（-93） Total No. of Provinces 省总数 27（0） As at 31 Mar 2026 Total No. of Municipalities 直辖市总数 4（0） 于2026年3月31日 Total No. of Cities 城市总数 517（-38） 30.2% Self-opera
Slide 83: 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 8% 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 12% CAGR 年复合增长率 平均股东权益回报率 1
Slide 84: 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$ 美金 40% 32.6% 4,500 (↑7.1p.p.) 4,000 26.3% 30% 21.8% (↑7.1p.p.) US$3,937 3,500 21.0% 19.2%
Slide 85: 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 86: FY2026 Annual Report Investor Relations WeChat
FY2026 Annual Report Investor Relations WeChat 2026财年年报 投资者关系微信 will be uploaded in July 2026 将于2026年7月上载 86
Luk Fook Holdings (International) — FY2026 Earnings Presentation on 6ix