CHOW TAI FOOK (01929.HK) -0.980 (-7.143%) Short selling $231.72M; Ratio 42.289% recently announced its annual results for the year ended March 2025, with revenue declining by 17.5% YoY to $89.66 billion, according to Huatai Securities' research report. Net profit decreaed by 9% YoY to $5.92 billion, still higher than the broker's forecast of $5.69 billion. This is believed to be due to improved product mix during the period and a higher-than-expected gross profit margin driven by higher gold prices.Related NewsCiti Raises CHOW TAI FOOK's TP to HKD14; Full-Yr Results in LineThe management disclosed that same store sales in Mainland China, Hong Kong, Macau and other markets in April-May 2025 increased by -2.7%/ +1.3% from the same period last year. Of which, the decrease in Mainland China business narrowed significantly by more than 10 ppts compared to that of January-March. CHOW TAI FOOK's sales outlook is positive, with a reduction in the proportion of sales of priced products driving continuous improvement in product mix. Gold lending losses is expected to narrow. Therefore, Huatai Securities upgraded CHOW TAI FOOK to Buy, and elevated its target price from $8.5 to $16.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-16 16:25.)