TipRanks
Go Ultimate55% OFF

Zhou Liu Fu Jewellery Co., Ltd. Class H (6168) AI Stock Analysis

HK:6168

Zhou Liu Fu Jewellery Co., Ltd. Class H

(HKEX:6168)

Select Model
Rating:65Neutral
Price Target:HKD 11.00â–²(6.90% Upside)
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 profitabilityStrong 2025 net and EBIT margins show the retailer is currently converting sales into meaningful earnings. This profitability provides internal capacity to support branding, store operations and growth, while strength across recent annual periods indicates more than a single-period improvement.
Negative Factors
Weak cash generationThe sharp gap between reported profit and operating cash flow weakens earnings quality and may constrain internally funded growth. Negative free cash flow also reduces financial flexibility, while persistent working-capital needs or spending could make accounting profitability less durable.

Zhou Liu Fu Jewellery Co., Ltd. Class H (6168) vs. iShares MSCI Hong Kong ETF (EWH)

-80%-60%-40%-20%0%20%HK:6168-75.15%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 4.39B
Dividend Yield
10.01%
Average Volume (3M)
521.29K
Price to Earnings (P/E)
5.3
Beta (1Y)
1.14
Revenue Growth
―
EPS Growth
―
Country
Hong Kong
Employees
1,833
Sector
General
Sector Strength
55
Industry
Luxury Goods

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 Cra...

Zhou Liu Fu Jewellery Co., Ltd. Class H Financial Statement Overview

Summary

Profitability is strong with solid 2025 net (~13%) and EBIT (~16.6%) margins and improved leverage (debt-to-equity ~0.11). However, cash generation is a major weakness: operating cash flow is low versus net income (~12% coverage) and 2025 free cash flow is negative, which materially lowers earnings quality despite the stronger income statement.

Income Statement

78Positive

Balance Sheet

74Positive

Cash Flow

46Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue5.05B5.83B5.72B5.15B3.10B2.79B
Gross Profit1.60B1.60B1.48B1.35B1.20B17.78M
EBITDA1.26B988.86M961.39M889.37M785.87M16.50M
Net Income733.25M770.30M706.31M659.69M575.24M-56.39M
Balance Sheet
Total Assets5.85B5.79B3.96B3.08B2.58B308.21M
Cash, Cash Equivalents and Short-Term Investments734.55M1.27B580.52M177.98M207.83M15.64M
Total Debt655.94M457.08M729.78M119.69M39.26M490.97M
Total Liabilities1.61B1.53B1.38B811.58M679.80M798.27M
Stockholders Equity4.23B4.25B2.58B2.26B1.91B-476.27M
Cash Flow
Free Cash Flow-1.17B-60.35M53.77M370.34M-41.69M-47.58M
Operating Cash Flow-729.24M172.13M390.08M403.88M138.94M-47.58M
Investing Cash Flow-382.51M112.01M-505.64M-192.89M-328.36M42.53M
Financing Cash Flow-139.50M640.62M112.35M-240.79M-24.01M-1.43M

Zhou Liu Fu Jewellery Co., Ltd. Class H Technical Analysis

Technical Analysis SentimentNegative
Last Price10.29

Price Trends

50DMA12.20Negative
100DMA13.37Negative
200DMA16.65Negative

Market Momentum

MACD-0.53Positive
RSI31.17Neutral
STOCH9.96Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6168, the sentiment is Negative. The current price of 10.29 is below the 20-day moving average (MA) of 11.18, below the 50-day MA of 12.20, and below the 200-day MA of 16.65, indicating a bearish trend. The MACD of -0.53 indicates Positive momentum. The RSI at 31.17 is Neutral, neither overbought nor oversold. The STOCH value of 9.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6168.

Zhou Liu Fu Jewellery Co., Ltd. Class H Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

HK:6168 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0116HK:011680OutperformHKD 8.28B2.8519.31%8.69%16.22%151.59%
HK:0590HK:059076OutperformHKD 11.84B5.7914.28%7.79%28.96%86.00%
HK:0887HK:088775OutperformHKD 1.81B3.169.96%8.16%8.83%109.28%
HK:6168HK:616865NeutralHKD 4.53B5.2617.29%10.01%――
HK:1929HK:192959NeutralHKD 108.63B11.9733.61%6.09%5.29%53.87%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
HK:0256HK:025649NeutralHKD 576.37M-4.05-3.03%―-4.85%60.69%

* General Sector Average

Performance Comparison

-75%-50%-25%0%25%HK:6168HK:0256HK:0116HK:1929HK:0887HK:0590Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:6168 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:6168Zhou Liu Fu Jewellery Co., Ltd. Class H10.29-30.92-75.03%
HK:0256Citychamp Watch & Jewellery Group 0.11-0.08-40.64%
HK:0116Chow Sang Sang Holdings International 12.320.221.79%
HK:1929Chow Tai Fook Jewellery Group 11.01-2.15-16.35%
HK:0887Emperor Watch & Jewellery 0.25-0.01-2.34%
HK:0590Luk Fook Holdings (International) 20.16-1.60-7.35%

Zhou Liu Fu Jewellery Co., Ltd. Class H Corporate Events

Zhou Liu Fu Jewellery Strengthens Finance Leadership With New Controller

Oct 30, 2026

Zhou Liu Fu Jewellery Co., Ltd. has announced that its financial controller and director of the Group’s finance center, Mr. Xu Zhili, resigned effective October 30, 2026 for personal reasons, with no disagreement with the board or issues requir...

Zhou Liu Fu Jewellery Sets Interim Dividend and Clarifies Tax Treatment for H Shareholders

Sep 24, 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, equivalent to HKD 0.51 per share for H share investors, with the record date set for 6 October 2026 and payment sch...

Zhou Liu Fu Shareholders Approve Interim Dividend at Second 2026 EGM

Sep 24, 2026

Zhou Liu Fu Jewellery Co., Ltd. reported the poll results of its 2026 Second Extraordinary General Meeting in Shenzhen, where shareholders representing about 84.73% of the company’s issued share capital participated. All directors attended, and...

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 ret...

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 key...

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 meeti...

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 declaratio...

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.

Date of analysis: Aug 22, 2026