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Zhou Liu Fu Jewellery Co., Ltd. Class H
(6168)
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Rating:65Neutral
Price Target:
HK$13.50
▼(-67.77% Downside)
Action:Reiterated
Date:08/22/26
The score is led by attractive valuation (low P/E and high dividend yield) and solid profitability with improving leverage, but it is held back by weak cash-flow quality (negative free cash flow and poor cash conversion) and bearish technicals (negative MACD and price below longer-term moving averages).
Positive Factors
Strong profitability
Strong net and EBIT margins indicate that the core jewellery business is currently converting revenue into meaningful profits. If maintained, this profitability can support reinvestment, strengthen resilience through normal industry cycles, and provide a durable earnings base over the next several quarters.
Negative Factors
Weak cash generation
The large gap between reported profit and operating cash flow weakens earnings quality and indicates that accounting profits are not currently translating into cash at a comparable rate. Negative free cash flow can constrain reinvestment, dividends, and financial flexibility if the pattern persists.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability
Strong net and EBIT margins indicate that the core jewellery business is currently converting revenue into meaningful profits. If maintained, this profitability can support reinvestment, strengthen resilience through normal industry cycles, and provide a durable earnings base over the next several quarters.
Read all positive factors
Zhou Liu Fu Jewellery Co., Ltd. Class H (6168) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.56B
Dividend Yield8%
Average Volume (3M)772.38K
Price to Earnings (P/E)4.9
Beta (1Y)1.20
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees1,833
SectorGeneral
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)N/A
Shares Outstanding273,688,870
10 Day Avg. Volume487,610
30 Day Avg. Volume772,383
Financial Highlights & Ratios
PEG Ratio1.04
Price to Book (P/B)2.50
Price to Sales (P/S)1.82
P/FCF Ratio-176.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$23.40Price Target Upside-44.13% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Zhou Liu Fu Jewellery Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Zhou Liu Fu Jewellery Co., Ltd., a Chinese company, specializes in the creation and distribution of a diverse selection of jewelry products. The firm presents a broad array of gold jewelry collections, which include popular lines such as 'Ancient ...
Zhou Liu Fu Jewellery Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.83B | 5.72B | 5.15B | 3.10B | 59.23M |
| Gross Profit | 1.60B | 1.48B | 1.35B | 1.20B | 17.78M |
| EBITDA | 967.90M | 961.39M | 889.37M | 785.87M | 16.50M |
| Net Income | 770.30M | 706.31M | 659.69M | 575.24M | -56.39M |
Balance Sheet | |||||
| Total Assets | 5.79B | 3.96B | 3.08B | 2.58B | 308.21M |
| Cash, Cash Equivalents and Short-Term Investments | 1.27B | 580.52M | 177.98M | 207.83M | 15.64M |
| Total Debt | 457.08M | 729.78M | 119.69M | 39.26M | 490.97M |
| Total Liabilities | 1.53B | 1.38B | 811.58M | 679.80M | 798.27M |
| Stockholders Equity | 4.25B | 2.58B | 2.26B | 1.91B | -476.27M |
Cash Flow | |||||
| Free Cash Flow | -60.35M | 53.77M | 370.34M | -41.69M | -47.58M |
| Operating Cash Flow | 172.13M | 390.08M | 403.88M | 138.94M | -47.58M |
| Investing Cash Flow | 112.01M | -505.64M | -192.89M | -328.36M | 42.53M |
| Financing Cash Flow | 640.62M | 112.35M | -240.79M | -24.01M | -1.43M |
Zhou Liu Fu Jewellery Co., Ltd. Class H Technical Analysis
Positive
41.88
Price Trends
45.81
Positive
Market Momentum
1.55
Negative
52.60
Neutral
52.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6168, the sentiment is Positive. The current price of 41.88 is below the 20-day moving average (MA) of 45.24, below the 50-day MA of 45.81, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of 1.55 indicates Negative momentum. The RSI at 52.60 is Neutral, neither overbought nor oversold. The STOCH value of 52.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6168.
Zhou Liu Fu Jewellery Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$2.10B | 3.66 | 9.96% | 7.03% | 8.83% | 109.28% | |
76 Outperform | HK$8.69B | 3.00 | 19.31% | 8.27% | 16.22% | 151.59% | |
69 Neutral | HK$12.76B | 6.25 | 14.28% | 7.22% | 28.96% | 86.00% | |
65 Neutral | HK$5.56B | 4.90 | 22.49% | 8.00% | ― | ― | |
59 Neutral | HK$115.14B | 12.68 | 33.61% | 5.74% | 5.29% | 53.87% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | HK$565.99M | -3.98 | -3.03% | 3.75% | -4.85% | 60.69% |
* General Sector Average
HK:6168
Zhou Liu Fu Jewellery Co., Ltd. Class H
12.63
-35.16
-73.57%
HK:0256
Citychamp Watch & Jewellery Group
0.11
-0.13
-54.39%
HK:0116
Chow Sang Sang Holdings International
12.94
-1.47
-10.18%
HK:1929
Chow Tai Fook Jewellery Group
11.67
-3.37
-22.39%
HK:0887
Emperor Watch & Jewellery
0.29
-0.03
-8.23%
HK:0590
Luk Fook Holdings (International)
21.74
-3.87
-15.12%
Zhou Liu Fu Jewellery Co., Ltd. Class H Corporate Events
Zhou Liu Fu Jewellery Holds Margins as Interim Revenue Drops Nearly 25%
Aug 28, 2026
Zhou Liu Fu Jewellery Co., Ltd., a Hong Kong-listed Chinese jewellery group, reported a sharp decline in interim revenue despite relatively resilient profitability. The company continues to operate across the jewellery value chain, from design to ...
Zhou Liu Fu Jewellery Announces Interim Dividend and Tax Terms for H Shareholders
Aug 28, 2026
Zhou Liu Fu Jewellery Co., Ltd. has declared an interim ordinary dividend of RMB 0.44 per share for the six months ended 30 June 2026, with shareholder approval scheduled for 24 September and payment set for 30 October 2026. The company detailed k...
Zhou Liu Fu Jewellery Calls EGM to Approve 2026 Interim Profit Distribution Plan
Aug 28, 2026
Zhou Liu Fu Jewellery Co., Ltd. has convened its second extraordinary general meeting for 2026, to be held on September 24 in Shenzhen, where shareholders will vote on the company’s profit distribution plan for the first half of 2026. The me...
Zhou Liu Fu Jewellery Sets Board Meeting to Review Interim Results and Consider Dividend
Aug 18, 2026
Zhou Liu Fu Jewellery Co., Ltd., a Hong Kong-listed Chinese jewellery company, has announced that its board will convene on August 28, 2026, to review interim results for the six months ended June 30, 2026. The board will also consider the declara...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.