Emperor Watch & & Jewellery Limited (“Group” or “Emperor W&J”) (Stock code: 887), a leading seller of European-made watches and jewellery items, revealed its interim outcomes for the 6 months ended 30 June 2025 (“Period”).
In spite of market unpredictabilities and difficult company environment, the Group’s overall profits grew by 7.6% to HK$ 2,794 million (2024: HK$ 2,597 million) throughout the Period. Earnings from Hong Kong increased by 8.8% to HK$ 1,594 million (2024: HK$ 1,465 million), accounting for 57.1% (2024: 56.4%) of the overall income, and the profits from Mainland China increased by 8.7% to HK$ 723 million (2024: HK$ 665 million), accounting for 25.9% (2024: 25.6%) of the overall earnings. In regards to earnings by item sector, the earnings from the watch sector increased by 4.2% to HK$ 1,700 million (2024: HK$ 1,632 million), accounting for 60.8% (2024: 62.8%) of the overall income, and the income from the jewellery section increased noticeably by 13.4% to HK$ 1,094 million (2024: HK$ 965 million), accounting for 39.2% (2024: 37.2%) of the overall earnings, amongst which gold items represented 75.2% (2024: 77.0%) of the income from the jewellery section.
The Group’s gross earnings increased by 7.7% to HK$ 840 million (2024: HK$ 780 million) with gross revenue margin stayed durable at 30.1% (2024: 30.0%). The Group’s net earnings increased by 4.9% to HK$ 194 million (2024: HK$ 185 million) throughout the Period. Standard revenues per share was HK2.73 cents (2024: HK2.72 cents). The Board states an interim dividend of HK0.55 cent (2024: HK0.65 cent) per share.
As at 30 June 2025, bank balances and money on hand of the Group totaled up to HK$ 1,508 million (31 December 2024: HK$ 950 million), with no bank loanings (31 December 2024: absolutely no) and remained in a net money position, thus its net tailoring ratio was no (31 December 2024: no), showing a healthy monetary position.
Throughout the Period, the Group effectively partnered with Mr. Chan Sai Cheong (“Mr. Chan”), a prominent and extremely appreciated jewellery market veteran with over 40 years of experience, concerning tactical advancement of the Group’s jewellery service in Mainland China. The Group has actually prepared an initial roadmap for shop growths in Mainland China, with a preliminary target of 600 shops in the next 5 years, opening in stages. Throughout the very first stage, the focus will be on opening shops targeting mid-to-high-end market sections in recognized first-tier and brand-new first-tier cities; this will be followed by a focus on shops in second-tier cities, targeting mid-market section.
As at 30 June 2025, the Group had an overall of 73 shops in Hong Kong, Macau, Mainland China, Singapore and Malaysia. Throughout the Period, the Group opened 2 brand-new jewellery shops, in Hong Kong and Macau. In addition, a Patek Philippe flagship shop and a Tudor watch shop were opened in Hong Kong and Chongqing in Mainland China, respectively. Subsequent to the Period, the Group opened a jewellery shop in Hangzhou, Mainland China.
Ms. Cindy Yeung, Chairperson of Emperor W&Jstated, “With the continuous pick-up in foot traffic after the resumption of the multiple-entry Individual Visit Scheme for Shenzhen irreversible homeowners, and the tourist plan introduced by the Hong Kong federal government, the Group is positive that the general retail market will even more restore its development momentum. The Patek Philippe flagship shop that was just recently opened by the Group in Hong Kong will even more boost the Group’s one-upmanship in the high-end watch retail market and reinforces its market leading position.”
Ms. Yeung concluded, “The Group anticipates that gold jewellery, as an alternative kind of financial investment, will continue being well gotten by Chinese customers, offered the unpredictable home and stock exchange. The Group thinks about the facility of the tactical collaboration with Mr. Chan is an important chance for broadening its jewellery service in Mainland China. We will efficiently broaden its retail network footprint with varied market division techniques, thus catching a significant share of the massive chances in the Mainland China market.”
Financial Highlights
For the 6 months ended 30 June
Modifications
2024
HK$ million
2025
HK$ million
Overall income
2,597
2,794
+ 7.6%
Gross earnings
780
840
+ 7.7%
Gross revenue margin
30.0%
30.1%
+ 0.1 pp
Changed EBITD [1]
282
297
+ 5.3%
Net revenue
185
194
+ 4.9%
Fundamental profits per share
HK2.72 cents
HK2.73 cents
+ 0.4%
About Emperor Watch & & Jewellery Limited
With long facility history of over 80 years in Hong Kong considering that 1942, Emperor W&J (887. HK) is a leading seller primarily participates in the sale of European-made worldwide renowned watches, and jewellery items under its own brand name,”Emperor Jewellery. Through its thorough watch dealer, distinct marketing projects and comprehensive retail network at prime areas in Hong Kong, Macau, Mainland China, Singapore and Malaysia, Emperor W&J developed a strong brand name image among its target clients varying from middle to high earnings groups worldwide. In acknowledgment of its efforts in financier relations interactions, Emperor W&J was approved with “Best IR Company” (Small Cap), “Best IR Team” (Small Cap) and “Best Investor Presentation Material” (Small cap) in HKIRA Investor Relations Awards 2025 by the Hong Kong Investor Relations Association. To find out more, please visit its site: www.EmperorWatchJewellery.com.
Investor/Media Enquiries
Anna Luk
Group Investor Relations Director
Tel: +852 2835 6783
Email: annaluk@emperorgroup.com
Janice Au
Group Investor Relations Manager
Tel: +852 2835 6799
Email: janiceau@emperorgroup.com
Subject: Press release summary
