Core Viewpoint - Zhou Liufu Jewelry Co., Ltd. (周六福) successfully listed on the Hong Kong Stock Exchange, closing at HKD 30.00, a 25% increase from the final offering price of HKD 24.00 [1][3]. Group 1: IPO Details - The total number of shares offered was 53,829,200, with 23,404,000 shares allocated for public offering and 30,425,200 shares for international offering [2]. - The total proceeds from the offering amounted to HKD 1,291.9 million, with a net amount of HKD 1,192.7 million after deducting estimated listing fees of HKD 99.2 million [3][4]. Group 2: Use of Proceeds - Approximately 50% of the net proceeds will be used to expand and strengthen the company's sales network [4]. - About 20% will be allocated to enhance brand recognition [4]. - Another 20% will be directed towards improving product supply and design capabilities, while 10% will be used for working capital and general corporate purposes [4]. Group 3: Financial Performance - Zhou Liufu's revenue for 2022, 2023, and 2024 is projected to be RMB 3,101.7 million, RMB 5,149.6 million, and RMB 5,718.2 million, respectively [5][6]. - The net profit for the same years is expected to be RMB 575.2 million, RMB 659.7 million, and RMB 706.3 million, respectively [5][6]. - The gross profit margin has been declining, recorded at 38.7% in 2022, 26.2% in 2023, and 25.9% in 2024 [6][7]. Group 4: Market Challenges - The company faces challenges due to high gold prices, which have affected consumer sentiment and led to a cautious approach among consumers [7]. - There is a trend among some retailers to shift focus from gold jewelry to promoting platinum products in response to fluctuating gold prices [7].
周六福上市首日涨25% 净募11.9亿港元错过巅峰增长期