周六福(06168)6月18日至6月23日招股 预计6月26日上市

Core Viewpoint - The company, Chow Tai Fook (06168), is set to launch an IPO from June 18 to June 23, 2025, offering 46.808 million shares at a price of HKD 24 per share, with trading expected to commence on June 26, 2025 [1] Group 1: Company Overview - Chow Tai Fook is a Chinese jewelry company that offers a variety of jewelry products, primarily focusing on gold jewelry and diamond-studded jewelry [1] - The company has maintained its position among the top five jewelry brands in China from 2017 to 2024 based on the number of stores [1] - As of December 31, 2024, the company ranked sixth in total merchandise transaction volume and tenth in revenue from gold jewelry products among all gold jewelry companies in China, with market shares of 6.2% and 1.0% respectively [1] Group 2: Retail Network and Online Sales - As of December 31, 2024, the company has a total of 4,129 retail stores across China, including both franchise and self-operated stores, with 4,125 located in 31 provinces and 305 cities [2] - The company has also expanded its online sales channels, achieving a compound annual growth rate (CAGR) of 46.1% in online sales revenue from 2022 to 2024, with online sales accounting for 40.0% of total revenue in 2024 [2] - In terms of online sales revenue CAGR from 2022 to 2024, the company ranks second among national jewelry companies in China, and it ranks first in the proportion of online sales revenue to total revenue in 2024 [2] Group 3: Use of Proceeds from IPO - The company estimates that it will net approximately HKD 1.024 billion from the global offering, assuming no exercise of the over-allotment option [3] - Approximately 50.0% of the net proceeds will be allocated to expanding and strengthening the sales network, which is crucial for enhancing market position and driving performance through direct consumer interaction [3] - About 20.0% of the net proceeds will be used to strengthen the brand and increase market awareness, another 20.0% will enhance product supply and design capabilities, and the remaining 10.0% will be allocated for working capital and general corporate purposes [3]