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潮汕父子卖珠宝年入65亿,股价狂飙165%
Core Viewpoint - Chao Hong Ji, a jewelry company, is seeking a secondary listing on the Hong Kong Stock Exchange to enhance its global strategy and brand image while connecting with international capital markets [3][10]. Group 1: Company Overview - Chao Hong Ji submitted its main board listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sponsor [3]. - The company reported a revenue of 4.102 billion CNY in the first half of the year, a year-on-year increase of 19.54%, and a net profit of 331 million CNY, up 44.34% [3]. - As of June 30, 2025, Chao Hong Ji had over 1,540 stores, with 1,340 being franchise stores, contributing significantly to its revenue [5]. Group 2: Market Performance - Chao Hong Ji's stock price surged by over 165% in 2025, rising from 5.47 CNY per share to a peak of 18.18 CNY [8][10]. - The company's current price-to-earnings ratio stands at 45.7, significantly higher than its peers, indicating a potentially overvalued position [10]. Group 3: Expansion and Strategy - The company aims to expand internationally, having initiated its overseas strategy in 2024, focusing on Southeast Asia due to cultural similarities [10][11]. - Chao Hong Ji has faced challenges with past acquisitions, such as the purchase of the FION brand, which has not contributed positively to its performance [6][11]. Group 4: Risks and Concerns - The competitive landscape for jewelry brands is intense, and the franchise model may not provide a strong competitive edge [11]. - Recent insider selling by major shareholders raises concerns about the company's valuation and future performance [11].
潮汕父子卖珠宝年入65亿,股价狂飙165%
21世纪经济报道· 2025-09-15 15:11
Core Viewpoint - Chao Hong Ji, a mid-sized jewelry company, is seeking a secondary listing on the Hong Kong Stock Exchange to enhance its global strategy and brand image, amidst a rising trend in the Hong Kong consumer sector [2][9]. Group 1: Company Overview - Chao Hong Ji was founded in 1997, initially focusing on gold processing, but later shifted to brand development to cater to younger consumers with 18K gold and diamond products [4]. - The company became one of the first jewelry firms to list on A-shares in 2010 and has since expanded primarily through a franchise model [4]. Group 2: Financial Performance - For the first half of the year, Chao Hong Ji reported revenue of 4.102 billion CNY, a year-on-year increase of 19.54%, and a net profit of 331 million CNY, up 44.34% [2]. - As of mid-2025, the total number of Chao Hong Ji stores reached 1,540, with 1,340 being franchise stores, contributing significantly to revenue [5]. - The company’s revenue from franchise channels was 2.244 billion CNY, a 36.24% increase year-on-year, indicating strong performance from this model [5]. Group 3: Market Position and Stock Performance - Chao Hong Ji's stock price surged over 165% this year, from 5.47 CNY per share to a peak of 18.18 CNY, reflecting strong investor sentiment in the consumer sector [7][9]. - The company's price-to-earnings ratio stands at 45.7, significantly higher than its peers, indicating a potentially overvalued position in the market [9]. Group 4: Expansion Plans - The company announced plans for overseas expansion, starting with markets in Thailand and Singapore, aiming to explore new cultural outputs [9][10]. - Chao Hong Ji's strategy includes developing products that resonate with local cultures and experimenting with innovative retail formats [10]. Group 5: Shareholder Actions - Amidst rising stock prices and plans for a secondary listing, major shareholders have begun to reduce their stakes, raising concerns about the sustainability of the company's growth model [10].
潮汕父子卖珠宝年入65亿 再谋港股上市剑指出海
A股珠宝企业潮宏基(002345)谋求在港交所再度上市。 潮宏基于近期向港交所递交主板上市申请,计划进行第二次上市,保荐人为中信证券。 事实上,潮宏基为了这次递表已经做足准备。早在今年5月,潮宏基就已经在深交所公告称将筹划在港 交所二次上市,并指此举旨在"进一步推进公司的全球化战略布局,提升国际品牌形象,加强与境外资 本市场对接。" 作为一家中型的珠宝企业,潮宏基业绩表现与行业趋势相近。今年上半年,潮宏基实现营业收入41.02 亿元,同比增长19.54%,归母净利润3.31亿元,同比增长44.34%。 随着老铺黄金、泡泡玛特以及蜜雪集团"三巨头"齐聚港交所,今年港股消费领域热度高涨。潮宏基也在 此时选择二次上市。不过,港股珠宝企业众多,并非每一家均能复制老铺黄金的股价走势,潮宏基能否 顺利上市并完成既定的募资目标用于海外扩张,仍有待观察。 加盟扩张 潮宏基是一家成立于1997年的珠宝品牌,由廖木枝、廖创宾父子共同创立,起初是以黄金代工为主业。 这种模式曾在潮汕一带流行,但廖创宾认为代工模式有局限,因为消费者并不知道产品来自于谁,除了 利润什么也没留下。 这就是创立潮宏基的初衷。廖创宾通过注册品牌、独立装修门店 ...