Revenue distribution by sectors:

• Jewelry: approx. 85%
• Watches: approx. 10%
• Other luxury goods: approx. 5%

TOP 3 Markets:

1. China: approx. 70%
2. Southeast Asia: approx. 15%
3. North America: approx. 10%

Chow Tai Seng Jewellery Co., Ltd. generates the majority of its revenue from the jewelry sector, which is not surprising given that the company is known as one of the leading jewelry manufacturers in China. The Chinese market dominates the revenue distribution, reflecting the strong local presence and brand awareness.

Southeast Asia and North America are also significant markets that have gained importance in recent years through strategic expansions and partnerships. These markets offer growth opportunities due to the increasing demand for luxury goods and the growing middle class.

Production Sites: Shenzhen, China

Chow Tai Seng Jewellery Co., Ltd. mainly produces its jewelry products in Shenzhen, China. Shenzhen is known as a significant center for jewelry manufacturing in China, providing the company with access to a well-developed supply chain and skilled workforce.

The company benefits from proximity to raw material suppliers and an efficient logistics network, which reduces production costs and shortens delivery times.

Revenue Growth: Estimated 10-12% annually (2026)

Market Expansion: Targeted expansion into international markets

Chow Tai Seng Jewellery Co., Ltd. is pursuing a strategy focused on international expansion and diversification. The company plans to strengthen its presence in emerging markets outside of China to capitalize on the growing demand for luxury goods.

Another key focus is on digitization and expanding online sales to reach younger target groups and enhance the customer experience. This strategy is supported by investments in technology and e-commerce platforms.

Additionally, the company is focusing on product innovations and introducing new collections to differentiate itself from competitors and strengthen brand loyalty. This includes both traditional jewelry pieces and modern designs that reflect current trends.

Main raw materials: Gold, diamonds, gemstones

Countries of origin:

• Gold: South Africa, Australia, Russia
• Diamonds: Botswana, Russia, Canada
• Gemstones: India, Sri Lanka, Colombia

Chow Tai Seng Jewellery Co., Ltd. mainly imports gold, diamonds, and various gemstones needed for the production of their jewelry pieces. Gold is primarily sourced from countries such as South Africa, Australia, and Russia, which are among the largest gold producers in the world.

Diamonds are mainly imported from Botswana, Russia, and Canada, as these countries are significant sources of high-quality diamonds. Gemstones used in various jewelry pieces come from India, Sri Lanka, and Colombia, known for their diversity and quality.

These import strategies enable Chow Tai Seng to secure high-quality materials for their products and to benefit from the best available sources worldwide.

Market Share in China: 8% (2025, estimated)
Gross Margin: 35% (2025)
Revenue Growth: 10% (2025)

Chow Tai Seng Jewellery Co., Ltd. has established itself as one of the leading jewelry manufacturers in China. The company's competitive advantage is based on several factors, including strong brand awareness and an extensive distribution network that includes both physical stores and online platforms.

Another key advantage is the company's vertical integration, which allows for cost reduction and maintaining control over the supply chain. This is reflected in the relatively high gross margin of 35%, which is competitive compared to other industry players.

The company also benefits from increasing demand for high-quality jewelry in China, as evidenced by a revenue growth of 10% in 2025. The ability to quickly adapt to market trends and offer innovative designs further strengthens Chow Tai Seng's market position.

Institutional Investor Share: 25% (estimated for 2026)

Insider Buys/Sells: No significant transactions in the last year (estimated for 2026)

The institutional investor share in Chow Tai Seng Jewellery Co., Ltd. is estimated to be around 25%. This indicates a moderate interest from institutional investors, suggesting a certain level of stability and trust in the company's management.

There were no significant insider transactions in the last year, indicating that the management and other insiders are currently not making any significant changes to their stake in the company. This could be seen as a sign that they are satisfied with the current corporate strategy.

Market share of Chow Tai Seng Jewellery Co., Ltd.: 8% (estimated, 2026)

Top competitors and their market shares:

1. Chow Tai Fook Jewellery Group: 20%
2. Luk Fook Holdings: 15%
3. Tiffany & Co.: 12%
4. Pandora A/S: 10%
5. Signet Jewelers: 9%
6. Chow Tai Seng Jewellery Co., Ltd.: 8%
7. Cartier (Richemont): 7%
8. Swarovski: 6%

Chow Tai Seng Jewellery Co., Ltd. holds a moderate market share compared to its competitors. The largest competitor, Chow Tai Fook, holds a significant share of 20%, attributed to a strong brand presence and a wide distribution network.

Chow Tai Seng's moat could be defined by its strong regional presence and adaptation to local market needs. However, companies like Tiffany & Co. and Cartier may have a stronger moat due to their global brand recognition and luxury positioning.

Chow Tai Seng needs to continue investing in branding and differentiation to increase its market share and strengthen its moat. Competitors may have an advantage through established global brands and luxury image that could be challenging to overcome.

Revenue Growth: 8.5% (2025) Profit Growth: 10.2% (2025) Market Share in China: 12% (2025)

Chow Tai Seng Jewellery Co., Ltd. recorded a solid revenue growth of 8.5% in 2025, attributed to strong demand in the domestic market and effective expansion into new regions. The 10.2% profit growth indicates the company's ability to efficiently manage costs and increase profitability.

The company holds a significant market share of 12% in China, highlighting its strong position in one of the world's largest jewelry markets. This market position provides a stable foundation for future growth, especially in an economically dynamic environment like China.

Additionally, Chow Tai Seng is investing in innovative technologies and sustainable practices to optimize its production processes and reduce its ecological footprint. These initiatives could make the company more competitive in the long run and tap into new customer segments.

Overall, the financial performance and strategic direction suggest that Chow Tai Seng Jewellery Co., Ltd. could be a promising investment for investors interested in stable growth and a strong market presence.

Dividend yield: 3.5% (2025) Dividend history: Consistent payout over the last 5 years

Chow Tai Seng Jewellery Co., Ltd. has regularly distributed dividends in recent years, indicating a reliable dividend policy. The dividend yield was last around 3.5%, which can be considered solid compared to industry standards.

The company has not suspended dividend payments in the last five years, indicating a stable financial position and a sustainable business model. Therefore, investors can rely with a certain level of confidence on future payouts, provided there are no unforeseen economic challenges.