Zhou Dafu hit the worst performance in 5 years

Performance Zhou Dafu listing over the years

wangyicaijing· 2017-01-21 08:37:22

Hongkong jewelers seem to be experiencing a "gold rush"". At the end of 11, Zhou Dafu (01929.HK) released the first half of fiscal year 2017 performance report, data show that the indicators of its operating income, gross profit, operating profit both fell, hit the worst performance in 5 years. To some extent, as the Hongkong jeweler "boss" Zhou Dafu's situation is a microcosm of Hongkong jewelers decadent state. At the same time, Xie Ruilin, Zhou Shengsheng and three jewelry enterprise performance spacific declined. Zhou Dafu performance downturn, accused too dependent on the mainland market, which nearly 90% of the stores opened in the mainland. But the mainland retail environment in the advent of the Internet has undergone tremendous changes, Zhou Dafu and other old Hong Kong enterprises by the electricity supplier no small impact. In addition, gold as a hedge asset symbol of weakness, but also let Zhou Dafu deeply affected. Because of Hongkong's four largest gold jewelry brand business is the traditional "gold" mode, namely through the difference and earn gold value-added profit. In this sales model, the main business of gold jewelry is vulnerable to the impact of the gold trend.

in the old city of Guangzhou's most bustling commercial street - Beijing Road Pedestrian Street, a total length of only 1.4 km, but here, the famous jeweler Zhou Dafu (01929.HK) arranged 6 points of sale, including flagship stores and shopping malls counters, which is located in Beijing road in the middle of the flagship store, is an area of over 200 square meters.

Zhou Dafu, however, intensive sales point, but in the face of an embarrassing situation of scarcity of traffic.

recently a working day around 8 in the evening, Beijing Road, Tai Fook flagship store business is not very good, the number of customers with the basic sales staff. "Now is the busiest time of the day, the weekend will be more customers. A salesperson told NetEase finance. However, the sales staff refused to disclose the specific circumstances of the weekend traffic.

Zhou Dafu's earnings are more specific description of its situation. Prior to the first quarter of fiscal year 2017 earnings report, Zhou Dafu mainland sales with the same store fell by 17%, Hongkong and Macao fell by 20%. In the 2017 semi annual report, Zhou Dafu same store sales fell further, respectively, the mainland fell by 20.9%, Hongkong and Macao fell by 25.7%.

as the Hongkong jewelers occupy the boss status of Zhou Dafu, since 2013 has continued to decline in performance. The situation is a microcosm of the entire Hongkong jeweler decadent state.

Zhou Dafu recently released semi annual report shows that its revenue, gross profit, the main business profit and other indicators have fallen, the worst performance of listed 5 years. Similarly, Xie Ruilin (00417.HK), Zhou Shengsheng (00116.HK) (00590.HK) and Luk Fook Group Three jewelry enterprise performance have different degrees of decline. From the revenue target, Luk Fook Group fell 21.48%, Zhou Shengsheng Xie Ruilin fell 15.62%, down 11.56%.

brand "Hong Kong's recent performance is not particularly desirable, their development in the mainland have encountered some problems. Especially some old Hong Kong enterprises, own brand aging, caused by the change of market environment and competition, as well as the impact of the rise of the electricity supplier. Analysis of "senior retail analyst Ma Gang to financial NetEase," as the representative of Hong Kong, Zhou Dafu's current situation is quite representative. "

hit the worst performance in 5 years

Zhou Dafu 2017 fiscal year turnover of HK $21 billion 526 million during the first half of the year, down 23.5%; gross profit was HK $6 billion 828 million, down 13.1%; the main operating profit was $1 billion 708 million, down 29.5%; attributable to shareholders of approximately HK $1 billion 222 million, down 21.55%. The decline in the number of indicators listed the worst record in 5 years.

public information, Zhou Dafu in December 2011 on the Hongkong Stock Exchange listed on the main board, become Hongkong's largest listed jewelry company, is China mainland and Hongkong's largest jewelry brand. But in November 22, 2016, as of the 6 month interim report released in September 30th showed that the decline in the number of indicators has been listed in the worst record in the past 5 years.

according to Zhou Dafu information disclosure, group 2017 fiscal year turnover of HK $21 billion 526 million during the first half of the year, 23.5% lower than the $2016 the first half of the fiscal year 28 billion 124 million; gross profit was HK $6 billion 828 million, compared with 2016 in the first half of the fiscal year 7 billion 857 million dollar fell 13.1%; the main operating profit of HK $1 billion 708 million and HK $29.5% lower than the first half of fiscal year 2016 2 billion 422 million; attributable to shareholders of approximately HK $1 billion 222 million, down 21.55%.

by region, Zhou Dafu Chinese in the mainland market turnover of HK $12 billion 167 million, compared with the same period last year fell 29% to HK $15 billion 980 million, same store sales fell 20.9% in Hongkong and Macao area; turnover of HK $9 billion 641 million, down 33.9% compared to HK $12 billion 239 million in the same period last year, same store sales fell 25.7%.

2017 in the first half of fiscal year, Zhou Dafu only growth in e-commerce business. In the meantime, its jewelry e-commerce retail sales rose 22.5%.

Zhou Dafu presented the results of the downturn triggered strong concern agency. NetEase finance noted that Everbright Securities, GF Securities, China Merchants Securities and other institutions after the disclosure of the above results, Zhou Dafu made a reduction rating. Morgan Stanley, Magri and other agencies on the results of the performance of the "run lose the industry," the evaluation of the performance of the evaluation of the performance of the company, such as the performance of the industry, such as the performance of the company, such as the ". Among them, Morgan Stanley recently released

The lastest articles of wangyicaijing

Why 90 young people escape the real economy?

ZA.

Sun Hongbin said admire Jia Yueting: so much money to do such a big thing

ZA.

Sun Hongbin said admire Jia Yueting: so much money to do such a big thing

Yu Yongding: RMB exchange rate should be allowed to float

Hong Kong media: Chinese crackdown capital outflows or involving Singapore...

ZA.

2016 evaporation of the two cities of the average loss of 2 trillion and 330...

Hidden gambling group WeChat grab a red envelope to lose tens of thousands

Hidden gambling group WeChat grab a red envelope to lose tens of thousands