Guancheng Watch & Jewellery (00256) surged by more than 20% in the intraday period, rising 21.57% at press time to HK$1.24, with a turnover of HK$8.84 million.
The Zhitong Finance App learned that Guancheng Watch & Jewellery (00256) surged by more than 20% in the intraday period, rising 21.57% at press time to HK$1.24, with a turnover of HK$8.84 million.
In terms of performance, the company's annual results for the full year of 2023 were HK$1,629 million, up 1.35% year on year; profit attributable to the company's owners was HK$45.1 million, while losses of HK$111 million were recorded in the same period in 2022; profit per share was HK1.04 cents.
According to reports, PricewaterhouseCoopers recently released the “Mainland China and Hong Kong Luxury Market Report”. It is estimated that by 2030, China will replace the US as the world's largest personal luxury goods market with a market size of 148 billion US dollars. In terms of the Hong Kong market, China, PricewaterhouseCoopers predicts that the Hong Kong personal luxury goods market will average a compound growth rate of 4.5% from 2023 to 2030, reaching HK$125.8 billion in 2030. The three categories of luxury jewelry that have grown the most are leather products, jewellery and watches.