Core Viewpoint - Zhouliufu Jewelry Co., Ltd. is set to launch its IPO on June 18, 2023, with plans to list on the Hong Kong Stock Exchange on June 26, 2023, aiming to raise funds for network expansion, brand enhancement, product design, and general corporate purposes [1] Group 1: IPO Details - The company plans to issue 46.81 million H-shares, including 4.68 million shares for public sale in Hong Kong and 42.12 million shares for international sale [1] - The net proceeds from the IPO will be used for expanding sales networks, enhancing brand, strengthening product design, and for operational and general corporate purposes [1] - Eight cornerstone investors have committed approximately HKD 573 million, with a subscription rate of 51.04% [1] Group 2: Company Background - Zhouliufu was founded by the Li brothers in 2004 and is engaged in jewelry research, production, sales, and brand operation [1] - The company has ranked among the top five in China's jewelry market for eight consecutive years from 2017 to 2024 based on the number of stores [1] - As of the end of 2024, Zhouliufu will have 4,125 stores across 31 provinces in China, including 91 self-operated and 4,034 franchised stores [1] Group 3: Online Sales Performance - Zhouliufu has actively expanded its online channels and leads on major e-commerce platforms [1] - The compound annual growth rate (CAGR) of online sales revenue from 2022 to 2024 is 46.1%, with online sales expected to account for 40% of total revenue in 2024 [1] Group 4: Financial Performance - The company's revenue for 2022, 2023, and 2024 is projected to be CNY 3.102 billion, CNY 5.150 billion, and CNY 5.718 billion, respectively, with a CAGR of 35.8%, the highest among national jewelry companies [1] - Net profits for the same period are expected to be CNY 575 million, CNY 660 million, and CNY 706 million, with a CAGR of 10.8% [1]
周六福：6月26日登港交所，8基石投资者认购5.73亿港元