周大福黄金珠宝百年龙头品牌，战略转型+产品升级开启成长新篇章

东吴证券01-30

投资要点黄金珠宝行业龙头企业，历史底蕴深厚。周大福成立于1929年，于2011年在港股上市，是我国规模最大的黄金珠宝品牌，截至2025年底门店总数达5813家。公司主要生产及销售黄金珠宝(包括定价首饰与计价黄金首饰)，以及分销不同品牌的钟表。FY2025公司实现总营收896.56亿港元，归母净利59.16亿港元。产品升级成效明显，一口价产品占比显著提升。公司以传统文化赋新当代美学，珠宝设计和...

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