Asia300

Chow Tai Fook Jewellery Group Ltd.

Hong Kong

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Apr 21, 2017
Prev close: 8.44
Apr 21, 2017
Market cap:
Market cap(USD):
84,400M
10,853.9M
Shares: 10,000M

Currency in HKD

Company profile

Market(Ticker): HKG(1929)
Sector:
Industry:
Consumer Durables
Other Consumer Specialties
Full time employees: 32,170

Business summary

Chow Tai Fook Jewellery Group Ltd. operates as an investment holding company, which engages in the sale of jewellery through its subsidiaries. It operates through the following segments: Jewellery Business in the Mainland China; Watch Business in the Mainland China; and Business in Hong Kong, Macau, and Other Markets. The company was founded in 1929 and is headquartered in Hong Kong.^ ^

Company background

Chow Tai Fook Jewellery Group is one of the world's largest jewelry companies, with total assets of around $8 billion. The company operates more than 2,200 stores across 500 cities worldwide including Hong Kong, mainland China, the U.S., Singapore, Malaysia and South Korea. It is also strengthening its e-commerce business. The jeweler was founded in 1929 and listed on the Hong Kong Exchange in 2011. It has a workforce of more than 34,000.

The company's core business is manufacturing and sales of gem-set, gold, platinum and karat gold products. It manages a vertically integrated business model which engages in everything from raw materials procurement, design and production to marketing and sales through its retail networks. Chow Tai Fook operates four diamond cutting and polishing factories and 10 jewelry factories. In 2014, it acquired U.S.-based luxury-brand diamond company Hearts On Fire to expand its business platforms.

Hong Kong conglomerate Chow Tai Fook (Holdings), led by billionaire Henry Cheng Kar-shun, has a majority stake in Chow Tai Fook Jewellery Group. Cheng also leads Hong Kong-listed New World Development, a diversified company focused on property development, hotels, department stores, infrastructure and service.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 56,591.5M
Gross profit 16,142.1M
Operating income 4,520.8M
Income before tax 3,939.7M
Net income 2,941.4M
EBITDA 5,420.5M
Diluted EPS 0.29
Dividends per share 0.8
Total assets 55,675.4M
Total liabilities 19,925.5M
Total equity 34,904.3M
Operating cash flow 13,752.3M

Currency in HKD

Revenue 7,295.24M
Gross profit 2,080.88M
Operating income 582.77M
Income before tax 507.86M
Net income 379.17M
EBITDA 698.75M
Diluted EPS 0.03
Dividends per share 0.10
Total assets 7,177.85M
Total liabilities 2,568.86M
Total equity 4,499.97M
Operating cash flow 1,772.81M

Currency in USD

Valuation measures

Mar 2016

PER 16.49
ROA 5.03%
ROE 7.91%
Operating margin 7.98%
Profit margin 5.19%

Key executive

  • Executive Director & Managing Director: Siu Kee Wong
  • Secretary, Executive Director & Finance Director: Ping-Hei Cheng
  • General Counsel: Guet Lan Tan

Share holders

  • Cheng Yu Tung Family Ltd.(89.3%)
  • Invesco Hong Kong Ltd.(0.4%)
  • Brandes Investment Partners LP(0.3%)
  • Norges Bank Investment Management(0.2%)
  • Platinum Investment Management Ltd.(0.2%)
  • The Vanguard Group, Inc.(0.2%)
  • DJE Kapital AG(0.1%)
  • Eastspring Investments (Singapore) Ltd.(0.1%)
  • Pictet Asset Management Ltd.(0.1%)
  • Lombard Odier Asset Management (Switzerland) SA(0.1%)

Address

  • Website: http://www.chowtaifook.com
  • Address: 38/F, New World Tower, 16-18 Queen's Road Central, Hong Kong, Hong Kong
  • Phone: +852.2524.3166

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