New stock news | Saturday Jewellery Hong Kong IPO prospectus invalid, total number of offline sales network stores exceeding 4300 by the end of 2023.

Zhou Lufu Jewelry Co., Ltd. (hereinafter referred to as Zhou Lufu) submitted its Hong Kong Stock Exchange prospectus on June 27, 2024, which expired after 6 months on December 27. CICC and China Securities Co., Ltd. International were its joint sponsors when submitting the application. According to the previous prospectus, Zhou Lufu is a leading and fast-growing jewelry company in China, providing high-quality and rich-style jewelry products through its offline stores and online sales channels. According to Frost & Sullivan data, in terms of the number of stores in China, the company has maintained a position among the top five brands in the Chinese jewelry market for seven consecutive years from 2017 to 2023. In terms of the compound annual growth rate of jewelry revenue from 2021 to 2023, the company ranks first among jewelry companies operating nationwide in China. As of December 31, 2023, the total number of offline sales network stores of the company has reached 4,383 (including franchise stores and self-operated stores), covering 31 provinces, 301 prefecture-level cities, and prefecture-level administrative regions. Financially, in 2021, 2022, and 2023, Zhou Lufu achieved revenues of approximately RMB 2.783 billion, RMB 3.102 billion, and RMB 5.15 billion respectively, with net profits of approximately RMB 425 million, RMB 575 million, and RMB 660 million respectively during the same period.