Asia300

Chow Tai Fook Jewellery Group Ltd.

Hong Kong

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Nov 23, 2017
Prev close: 9.06
Nov 23, 2017
Market cap:
Market cap(USD):
90,600.00M
11,602.24M
Shares: 10,000M

Currency in HKD

Company profile

Market(Ticker): HKG(1929)
Sector:
Industry:
Consumer Durables
Other Consumer Specialties
Full time employees: 29,450

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 2017

  • Local currency
  • US Dollar
Revenue 51,245.5M
Gross profit 14,855.5M
Operating income 4,562.6M
Income before tax 4,388M
Net income 3,055.3M
EBITDA 5,402.6M
Diluted EPS 0.30
Dividends per share 0.51
Total assets 49,401.9M
Total liabilities 16,900.4M
Total equity 31,798.8M
Operating cash flow 6,123.2M

Currency in HKD

Revenue 6,604.67M
Gross profit 1,914.62M
Operating income 588.04M
Income before tax 565.53M
Net income 393.77M
EBITDA 696.30M
Diluted EPS 0.03
Dividends per share 0.06
Total assets 6,356.80M
Total liabilities 2,174.66M
Total equity 4,091.71M
Operating cash flow 789.17M

Currency in USD

Valuation measures

Mar 2017

PER 24.67
ROA 5.81%
ROE 9.16%
Operating margin 8.90%
Profit margin 5.96%

Key executive

  • Managing Director & Executive Director: Siu Kee Wong
  • Secretary, Executive Director & Finance Director: Ping-Hei Cheng
  • Head-Information & Communication Centre: Siu-Kwong Tsang
  • Director-Investor Relations & Communications: Danita On

Share holders

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