KEY FINANCIAL FIGURES

(HK$M) For the year ended % change
  2021 2022 2023 2024 2025 25 vs 24
Turnover - Continuing operations 21,988 20,557 25,013 21,176 22,446 +6%
Retail of jewellery and watches 19,922 19,752 24,274 20,697 21,662 +5%
Wholesale of precious metals 2,033 766 711 451 766 +70%
Others 33 39 28 28 19 -32%
Gross profit - Continuing operations 5,556 5,417 6,604 5,988 7,321 +22%
Gross profit margin - Continuing opearations 25.3% 26.3% 26.4% 28.3% 32.6% +4.3% 
Profit before tax - Continuing operations 1,006 593 1,357 996 2,182 +119%
Profit attributable to owners 643 452 1,013 806 1,717 +113%
Basic EPS (HK cents) 95.0 66.8 149.5 119.1 255.7 +115%
Dividend per share (HK cents) 42.0 30.0 60.0 51.0 100.0 +96%
             

* Special final dividend of HK16.0 cents included

(HK$M) As at 31 Dec
  2021 2022 2023 2024 2025
Inventories 11,343 12,112 12,257 12,785 17,504
Cash and cash equivalents 672 749 1,096 1,336 978
Long term listed investments* 1,515 1,122 892 981 1,356
Equity attributable to owners 12,753 11,891 12,204 12,430 14,464
Net gearing ratio# 19.9% 32.7% 28.4% 29.7% 44.5%
Total banking facilities 6,418 8,772 10,910 11,471 13,816
Unused banking facilities 3,038 3,879 6,111 6,183 6,183

Capital expenditure
(For the year ended 31 Dec)

 418 395  435  214 129

* Long term listed investments represents HKEC shares which valued at quoted market prices

# Total of interest-bearing bank borrowings and bullion loans, net of cash and cash equivalents, divided by equity attributable to owners of the Company