Core Viewpoint - Zhou Li Fu (06168) has seen a significant stock price increase, rising nearly 7% recently, with a current price of 42.88 HKD and a trading volume of 56.82 million HKD [1] Company Summary - Zhou Li Fu announced the issuance of 8.0743 million H-shares at a price of 24.00 HKD per share due to the full exercise of the over-allotment option on July 28 [1] - The company plans to hold a board meeting on August 22 to approve its mid-term performance [1] Industry Position - According to Frost & Sullivan, Zhou Li Fu has maintained its position among the top five jewelry brands in China for eight consecutive years based on the number of stores [1] - As of December 31, 2024, Zhou Li Fu will have a total of 4,129 stores, with approximately 98% being franchise stores and 55.1% located in third-tier and lower-tier cities, indicating a deep penetration into the lower-tier market [1] Business Model - The franchise business operates on a dual-track model of "product sales + service fees," with service fees accounting for 29.4% of total revenue from franchise stores in 2024 [1] - The gross margin for service fees is as high as 97.1%, contributing to an overall gross margin of 25.9%, significantly outperforming peers in the industry [1]
港股异动 | 周六福(06168)再涨近8% 超额配股权获悉数行使 公司将于下周五发布中期业绩