IMPORTANT: If you are in any doubt about the contents of this prospectus, you should seek independent professional advice. CHOW TAI FOOK. FUTURES ORDINANCE (CHAPTER OF THE LAWS OF HONG KONG) ARE CONTAINED IN THE PROSPECTUS OF THE COMPANY. CHOW TAI FOOK. HONG KONG) WILL BE CONTAINED IN THE PROSPECTUS OF THE COMPANY. Chow Tai Fook offers 1,,, shares for up to HK$ billion (Hong Kong, 4 December ) Chow Tai Fook Jewellery Group.
|Published (Last):||22 June 2018|
|PDF File Size:||11.43 Mb|
|ePub File Size:||12.4 Mb|
|Price:||Free* [*Free Regsitration Required]|
Effect of foreign exchange rate changes. The strength of our brand is based on our reputation for providing authentic and high quality cchow with superior craftsmanship, complemented by consistent customer service across all of our POS.
These forward-looking statements fopk our current views with respect to future events are not a guarantee of future performance. Accordingly, it is difficult to ascertain the impact of any future fluctuation in the prices of gold and platinum on such data.
Chow Tai Fook – Prospectus_图文_百度文库
The jewellery and watch markets are highly competitive, and we face competition from many competitors who compete against us on a national or local level, including those high-end luxury brands that do not exclusively focus on jewellery or watches but whose product offerings include jewellery or watch product lines. Any unauthorised use of our trade name or trademarks could harm our brand, market image and reputation, which could adversely affect our financial condition and results of operations.
Over the forecast period from tothe market is forecasted to grow at a CAGR of However, our Shares tqi not commence trading on the Stock Exchange until the Listing Date, which is generally expected to be four business days, more or less, after the Price Determination Date. Our performance depends, to a significant extent, on the location of our new POS.
Subject to the requirements of applicable laws, rules and regulations, we do not have any and undertake no obligation to update or otherwise revise the forward-looking statements in this prospectus, whether as a result of new information, future events or developments or otherwise.
Net cash from used in financing activities. When selecting a site for a POS, we take into account various factors, including: Despite the rising demand for precious stones and metals, notably within the jewellery markets of the PRC, Hong Kong and Macau, the respective global supply remained at a relatively stable level historically.
We select our franchisees carefully and require our franchisees to operate the franchised POS according to our standards and consistent with our branding and marketing guidelines. In addition, the increasing business complexity of our operations due to our growth strategies may place additional requirements on our systems, controls, procedures, and management and, as a result, may strain our ability to manage our future growth.
Some of these factors are not entirely within our control.
Should any of these suppliers become unable or unwilling to continue to supply us with the raw materials and the merchandise we need, our operations and financial results may be adversely affected.
We choose only reputable banks that are active in the prosspectus hedging market and have well-capitalised financial positions. If the PBOC interprets the Lending General Provisions differently to impose penalty on borrowers and imposes a fine on our subsidiaries, our results of operations may be adversely affected. Should we be unable to refinance our short-term borrowings upon maturity, we may have to reduce our inventories and capital expenditures and delay our expansion plans, which in turn may materially and adversely affect our business and results of operations.
However, the PRC has not developed a fully integrated legal system, and recently-enacted laws and regulations may not sufficiently address all relevant aspects of economic activities in the PRC, or may even conflict with other new laws and regulations. The implementation of the Social Insurance Law could increase our staff costs and expenses associated with social insurance payable in the PRC. Accordingly, our financial condition and results of operations as well as the growth of our business will be affected to a significant extent by economic, political and legal developments in the PRC.
However, as discretionary income increases in China, many consumers will prospectsu to purchase higher priced jewellery items such as diamond and platinum products.
In addition, customer preferences differ across and within each of proapectus regions, and shift over time in response to changing aesthetics and economic circumstances. If you have already submitted your application and obtained a payment reference number from the designated website prozpectus to These reserves or funds are not distributable as dividends.
Hedging with Chinese M These three sectors are not indicative of their relative importance to our business and are by no means fully comprehensive or exhaustive of the raw materials used within the jewellery industry.
We also benefit from operational efficiencies that often translate into more competitive pricing for our products, which benefits our customers as well as attracts more customers, both new and repeat customers, to buy our products.
Chow Tai Fook Jewellery Group Limited – Investor Relations > Investor FAQ
Should there be significant changes flok the exchange rates of the Hong Kong dollar against the RMB, our ability to make prodpectus payments in Hong Kong dollars may be adversely affected, and our purchase price from suppliers may also increase. These programmes could also drive the developmental focus and consumption growth in Tier II cities, Tier III cities and other lower tier cities.
To the extent that the travel industry is impacted by events that adversely affect tourism to Hong Kong and Macau, our product sales in Hong Kong and Macau could decline significantly, which could have prospwctus material adverse effect on our business, results of operations and financial condition.
We derive substantially all of prospecrus turnover from sales of our jewellery products, which rely on the strength of our brand. Significant economic downturns and decreased consumer confidence in the PRC may also affect travel to Hong Kong and Macau. Insales from Chow Tai Fook accounted for approximately Correspondingly, our profit for the year increased by Historically, gold products have been the most popular product category in Hong Kong and Macau.
On a daily basis, a comparison is made between the long position being our gold inventory balance and short position being our gold loan balance and outstanding bullion forward contracts. Our sales of watches accounted for 6. As at 30 Septemberwe leased the proospectus for out of 1, of our self-operated POS. These statements are based on many assumptions regarding our present and future business strategy and the environment in which we will operate in the future.
Gem-set jewellery represented the second largest product category by retail value in the PRC. Our sales may be affected by seasonality as a result of the event-driven nature of the jewellery fpok business.
We cannot assure you that our information systems will always operate without vhow or malfunction. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this prospectus is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this prospectus misleading.