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1 Tabl e_First Table_First|Table_ReportType Tabl e_First|Tabl e_Summary K IP+Tabl e_First|Tabl e_R eportD ate 2023 08 25 Tabl e_First|Tabl e_Rati ng()Tabl e_First|Tabl e_C hart Tabl e_First|Tabl e_Author S0210523050001 S0210522110002 GX Tabl e_First|Tabl e_Contacter Tabl e_First|Tabl e_Rel ateRepor t 1 618 2023.05.29 2 2023.05.23 3 2022.12.18 2|1.1 1.1.1 1.2.3 1.3.4 2.5 2.1.6 2.2.11 3.13 3.1+.13 3.2 3D.15 3.3.16 4.18 4.1.18 4.2 19 4.3.20 5.21 6.21 1.1 2 2022 45%.1 3/.2 4/.2 5 8%.2 6 41%.2 7.3 8.3 9.3 10 40%.3 11.4 12 2022.4 13.4 14 74.7%.5 15.5 16 1968-2001/.6 17 2008/.7 18 07-12.7 19 02-12.7 20 02-13.8 21 02-12 CAGR 13.80%.8 22%.8 23.9 24.9 25 2013-2018/.9 26%.10 YWFUvMqNoNoPqOsRnQqPpO8OcM8OtRqQpNtQlOoOwOkPnPwO6MpOnNMYtPpOxNtRzQ 3|27.10 28 2019-/.10 29/.11 30/.11 31.11 32.11 33.12 34 60%.13 35.13 36.13 37.13 38.14 39 2021 3-10.14 40.14 41.14 42.15 43.16 44.16 45.16 46.17 47.18 48.18 49.18 50.20 51.20 52 Tiffany Harry Winston.20 1|1 1.1 2022 372.048 13%/295.423/76.625 125.784 25.27%2022 148.066 50.12%2018 5.57pct 1 2018 2019 2020 2021 2022%44.55 47.00 48.81 47.14 50.12 45%2 2022 45%ifind 7000 1 10 2|1000 50%2-30/=+=+11 7%3/2017 2018 2019 2020 1-6 2.22-28.21 2.37-29.70 2.44-31.33 1.84-159.29 0.64-51.28 0.73-51.72 0.73-51.72 0.88-66.19 0.85-76.78 0.85-172.41 0.86-163.72 0.87-115.04 4/2019 2020 2021 131.02 140.46 161.00 121.72 125.31 149.08 9.30 15.15 11.92+2022 8%2022 41%+2018 5 8%6 41%ifind ifind 3|2022/4616/4565/5609 2023 7404 2022/11.8%/7.9%/3.7%2017 5.8pct/2.2pct/1.5pct 1.2 2022/46%/40%7 8 Euromonitor 4 1 3 31 2022 22H1 9 10 40%95547 46%35715 17%43044 21%ETF 3473 2%31096 15%209000 100%4|2022 4100 2021 2015 57%1.3 K 13 99%K 99%24K vs vs 11 12 2022 5|vsK K K 75%91.6%K vs 14 74.7%585.00 437.00 74.70%416.00 210.00 50.48%30%-50%22K 1386.67 400.00 28.85%18K 1661.54 327.00 19.68%2023.06.06 K/Harry Winston Tiffany APM VIGG 3D K 15 2017 2018 2019 2020 2021 2022 6.0%6.5%7.1%7.6%11.2%11.8%5.7%6.2%6.7%7.5%7.9%7.9%2.2%2.4%3.0%3.5%3.6%3.7%0.4%0.5%0.5%0.3%0.3%0.2%APM 0.1%0.1%0.1%0.2%0.2%0.2%0.4%0.5%0.4%0.3%0.2%0.1%2 6|2.1 2001 1983 1993 63 2001 16 1968-2001/wind 2002-2012 2002 10 2002 2.89 2012 3869.80 10 CAGR105.43%2008 7|2007 25.40 2012 309.19 5 CAGR64.85%2002 WTO 2012 1141.37 5 CAGR25.74%2002 2013 2013 1346.90 2002 1.71+2002 145.6 2012 2209.4 17 2008/wind?18 07-12 19 02-12 8|22%wind 2013-2018 2013 wind 20 02-13 21 02-12 CAGR 13.80%wind 9|2014 2015 2013-2016 2017-2018 2014 3D 2018 5G 2013-2018/613/401/897/1276 3D 25 2013-2018/wind 2019-+2019 2020 23 24 10|2021 29.8%2022 3013.7 2021 Euromonitor CR3/CR5/CR10 2017 13.9%/17.5%/21.0%2022 23.4%/28.6%/35.2%28 2019-/26%27 wind Euromonitor 11|wind 1.2.3.2.2=+30%-50%Tiffany 60%29/30/Euromonitor Euromonitor 31 32 2019 2020 2021 2022H1 30.2%29.2%17.0%20.5%52.6%48.3%42.4%45.4%2017 2018 2019 2020 Tiffany 62.2%62.5%63.3%62.4%74.5%74.3%72.7%75.6%12|1.2.3.K 30%-60%33 82000 48308 58.9%18300 10999 60.1%Harry Winston 200000 75398 37.7%Tiffany 2150 908 42.2%999 348 34.8%982 568 57.8%450 688 152.9%1200 1198 99.8%1699 688 40.5%APP 9.9 ifind wind 13|3 3.1+64.9%/39%/19%/35%2013 1346.90 2021 764.30 8 CAGR-6.84%2021 2020 17.4 2015 2.7 2021 1-10 3-10 Z 83.6%Z 34 60%35 36 37 14|2021 25-50 2019 59%18-24 20 2020 10 80%IP 3D 2021 38 39 2021 3-10 40 41 15|3.2 3D 3D 5D K 2018 42 3D 5D 5G 30%“3D”30-45 2015 90%2017 2017 2019 16|75.15%2019 50.20%2020 16%3.3 Euromonitor 2022 CR3/CR5/CR10 23.4%/28.6%/35.8%0.7pct/0.7pct/0.9pc 45 Hearts On Fire T-Mark ENZO 1929 1848 1848 1982 43 44 17|+2009 1999 K 1934 WENTI FION 1997+2004 2006 46 2017 2018 2019 2020 2021 2022 3.1%4.5%4.5%4.9%4.3%5.2%13.0%26.1%28.1%38.9%14.0%15.0%16.0%18.0%15.0%19.0%7.4%7.2%9.2%19.1%12.5%13.9%2.5%6.6%7.5%7.2%9.5%9.5%16.5%15.7%17.7%22.6%23.0%24.1%2022 H1 4 1 3 31 18|4 4.1 Tiffany Signet 49 2018 2019 2020 2021 2022 3375 4011 4189 4502 4616 3073 3733 3940 4264 4367 302 278 249 238 249 3521 3893 4450 4945 5609 3339 3709 4270 4759 5415 47 48 19|182 184 180 186 194 2090 2759 3367 3959 4565 1909 2560 3160 3736 4315 181 199 207 223 250 2182 2931 3160 3721 3642 2119 2852 3075 3630 3537 63 79 85 91 105 907 971 995 1076 1158 337 444 541 711 834 570 527 454 365 324 2019FY 2020FY 2021FY 2022FY 2023FY 2803 3426 4098 5459 7269 1299 1936 2659 4014 5560 1504 1490 1439 1445 1709 4.2 1982 C A 1845 Tiffany Tiffany Tiffany 1948 2022 42.1%20|4.3 Tiffany 1878 287.42 The Tiffany Diamond 1885 Tiffany 1886 Tiffany Setting Tiffany NBA Harry Winston 1947 Harry Winston Sunflower Tiffany Harry Winston IP 52 Tiffany Harry Winston 50 51 Tiffany Harry Winston wind 21|5+6 22|“”“”。6 20%6 10%20%6-10%10%6-20%-10%6-20%6 5%6-5%5%6-5%612 A 300 500 1436 MT 20 200120
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