ANNOUNCES 2024 ANNUAL RESULTS

Mar 20, 2025

Announces 2024 Annual Results

Total Revenue Increases by 8%

Financial Summary

¹ Adjusted EBITD represents earnings before interest, tax and depreciation charge on the self-owned flagship store, which reflects the Group’s core operating performance

(Hong Kong, 20 March 2025) Emperor Watch & Jewellery Limited (“Group” or “Emperor W&J”) (Stock code: 887), a leading retailer of European-made watches and jewellery products, announced its annual results for the year ended 31 December 2024 (“Year”).

Despite the market uncertainties and weak consumption sentiment, the Group’s total revenue increased by 8.4% to HK$5,230.3 million (2023: HK$4,823.2 million) during the Year. Revenue from Hong Kong was up by 16.5% to HK$2,923.2 million (2023: HK$2,510.0 million), accounting for 55.9% (2023: 52.0%) of the total revenue, and the revenue from Mainland China was HK$1,350.8 million (2023: HK$1,372.9 million), accounting for 25.8% (2023: 28.5%) of the total revenue. In terms of revenue by product segment, the revenue from the watch segment was HK$3,337.3 million (2023: HK$3,480.4 million), accounting for 63.8% (2023: 72.2%) of the total revenue, and the revenue from the jewellery segment increased significantly by 41.0% to HK$1,893.0 million (2023: HK$1,342.8 million), accounting for 36.2% (2023: 27.8%) of the total revenue, mainly attributable to the increase in revenue from gold products.

During the Year, the Group’s gross profit was HK$1,480.9 million (2023: HK$1,450.3 million), and the net profit was HK$256.7 million (2023: HK$299.2 million) during the Year. Basic earnings per share was HK3.79 cents (2023: HK4.41 cents). The Group has recommended the payment of a final dividend of HK0.45 cent (2023: HK0.56 cent) per share. Together with the interim dividend of HK0.65 cent (2023: HK0.76 cent) per share, the total dividends for the full year are HK1.10 cents (2023: HK1.32 cents) per share.

As at 31 December 2024, the Group had a total of 82 stores in Hong Kong, Macau, Mainland China, Singapore and Malaysia.

Ms. Cindy Yeung, Chairperson of Emperor W&J, said, “Looking ahead, considering the pick-up in foot traffic after the resumption of the multiple-entry Individual Visit Scheme for Shenzhen permanent residents and the increase of disposal income after several United States interest rate cuts in the past six months – as well as the economic stimulus measures introduced by the Central Government and the tourism blueprint launched by the local government, the Group is confident that the general retail market will regain its growth momentum. Affected by the volatile property and stock markets, the Group expects that gold jewellery, being an alternative investment, will continue to be well received by Chinese consumers. In response to the dynamic market situation, the Group will promptly react to market changes and proactively optimise product offerings. The Group will continue enhancing its competitive edge and further expand its market presence, and strive to seize the opportunities arising through the revival of market momentum.”

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About Emperor Watch & Jewellery Limited

With long establishment history of over 80 years in Hong Kong since 1942, Emperor W&J (887.HK) is a leading retailer principally engages in the sale of European-made internationally renowned watches, and jewellery products under its own brand, “Emperor Jewellery”. Through its comprehensive watch dealership, unique marketing campaigns and extensive retail network at prime locations in Hong Kong, Macau, Mainland China, Singapore and Malaysia, Emperor W&J established a strong brand image amongst its target customers ranging from middle to high income groups worldwide. In recognition of its efforts in investor relations communications, Emperor W&J was granted with “Best IR Company” (Small Cap) and “Best Investor Presentation Material” (Small cap) in HKIRA Investor Relations Awards 2024 by the Hong Kong Investor Relations Association. For more information, please visit its website: www.EmperorWatchJewellery.com.

Investor/Media Enquiries

Anna Luk                                                                                                       Janice Au

Group Investor Relations Director                        Group Investor Relations Manager

Tel: +852 2835 6783                                                                       Tel: +852 2835 6799

Email: annaluk@emperorgroup.com                   Email: janiceau@emperorgroup.com