Chow Tai Fook FY2025 profit rises despite revenue decline

** Chow Tai Fook Jewellery Group (HKEX:1929) reported a 9.8% year-on-year increase in operating profit, reaching HK$14.746 billion for the fiscal year 2025, despite a 17.5% decline in revenue to HK$89.656 billion due to challenging macroeconomic conditions and elevated gold prices. The company's operating profit margin expanded by 400 basis points to 16.4%, driven by a higher-margin product mix and disciplined cost management. Return on Equity reached 21.9%.