Core Viewpoint - Zhou Liufu Jewelry Co., Ltd. is set to go public with an IPO, aiming to raise approximately HKD 1.123 billion, and is recognized as the fastest-growing jewelry brand in China to reach 4,000 stores [2][4][5]. Group 1: IPO Details - Zhou Liufu plans to issue 46,808,000 H-shares, with 4,680,800 shares available for public sale in Hong Kong and 42,127,200 shares for international sale [3]. - The IPO is priced at HKD 24 per share, leading to a market valuation of HKD 10.213 billion [4]. - The company has secured eight cornerstone investors, collectively subscribing approximately HKD 573 million [4][5]. Group 2: Company Overview - Established in 2004, Zhou Liufu integrates jewelry product development, procurement, franchising, and brand operation [5]. - As of December 31, 2024, Zhou Liufu operates 4,129 stores across 31 provinces and municipalities in China, including four overseas franchises [5][6]. - The company ranks fifth among Chinese jewelry brands based on store count and third in southern China [6]. Group 3: Market Strategy - Zhou Liufu has strategically expanded into third-tier and lower-tier cities while also establishing a presence in first and second-tier city suburbs [6]. - The company benefits from its headquarters in Shenzhen, a key hub for the jewelry industry, focusing on gold jewelry products [6]. Group 4: Online Sales Growth - From 2022 to 2024, Zhou Liufu's online sales revenue grew at a compound annual growth rate (CAGR) of 46.1%, accounting for 40% of total revenue in 2024 [6]. - The company ranks second among national jewelry enterprises in terms of online sales growth and first in the proportion of online sales to total revenue [6]. Group 5: Financial Performance - Zhou Liufu's revenue for 2022, 2023, and 2024 was HKD 3.102 billion, HKD 5.150 billion, and HKD 5.718 billion, respectively, with a CAGR of 35.8% [7]. - The net profit for the same period was HKD 575 million, HKD 660 million, and HKD 706 million, with a CAGR of 10.8% [8]. Group 6: Use of IPO Proceeds - The net proceeds from the IPO will primarily be used to expand and strengthen the sales network, enhance brand awareness, improve product supply, and support general corporate purposes [9].

Group 1 - C&K Group Limited, the holding company of Sanjia Jewelry Group Limited, has filed for an IPO with the SEC, aiming to list on NASDAQ or NYSE, with no stock code selected yet [1][3] - The company plans to offer 1.5 million shares at a price range of $4 to $5 per share, targeting a fundraising amount between $6 million and $7.5 million [3] - Sanjia Jewelry, headquartered in Hong Kong, specializes in the procurement, design, and sale of pearl jewelry, offering over 1,000 types of jewelry products including necklaces, bracelets, rings, and pendants [3] Group 2 - For the fiscal years ending September 30, 2023, and 2024, total revenues were HKD 75.54 million and HKD 66.84 million (approximately $8.6 million), respectively [4] - Net income for the same periods was HKD 15.21 million and HKD 14.03 million (approximately $1.81 million) [4] - Basic and diluted earnings per share were $0.95 for 2023 and $0.88 for 2024 [4] Group 3 - The beneficial ownership structure shows that Cheng, Ka Ki holds 43.8% of Class A shares and 100% of Class B shares, resulting in 90.9% voting power prior to the offering [9]