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2026-05-29 16:26:17
On May 29, Chow Sang Sang Chairman and General Manager Chow Wing-shing stated after the Annual General Meeting that the company would strive to adopt a "quick in, quick out" product model to effectively mitigate the risk of gold price volatility. If costs rise above acceptable levels, pricing will be adjusted. The group will also engage in hedging, but will not speculate on gold price fluctuations, emphasizing that it is not a financial institution. CFO Wang Junxuan stated that even with changes in gold prices, factors such as product mix, pricing, and inventory must be considered. Gold price fluctuations may affect demand, but they may also reduce future replenishment costs, resulting in both positive and negative impacts. Wang Junxuan mentioned that the overall sales atmosphere in mainland China during the May Day holiday was positive, with both Hong Kong and mainland markets experiencing a certain degree of consumer spending, recording year-on-year growth.
