K gold jewelry first domestic shares

Production and marketing company as one of the K-gold jewelry  supplier production enterprise founded in 1996 , mainly engaged in K gold jewelery design, development, production and sales, its main brand is " Acer " and "VENTI". Company formed East, South and Northeast as the core market , covering 27 provinces ( municipalities and autonomous regions ) in more than 80 major cities, with 279 brand franchise stores ( including 202 self-operated stores and 77 brand agency ) of sales network.

    Product design company launched more than 5,000 annual payments , mainly using their own " fixed margin " principle pricing . In recent years, the company's revenue CAGR of 37.5% , higher than the industry average of nearly 10 percentage points. In 2008, the company achieved operating income of 449 million yuan , of which K gold and platinum commodities revenues accounted for 70.13% and 14.43% , eastern and northeastern region of income accounted for 54.88% and 14.35% , self-and brand agency revenue accounted for 72.34% and 14.82% . In addition , thanks to the company's own profit margin increased steadily in recent years, consolidated gross profit margin continued to improve, up 39.52 percent in mid-2009 . Coupled with the company charges more reasonable period , its net profit CAGR of 50%.

    The company has a strong competitive advantage first , the company chose a differentiated product strategy , K gold jewelry manufacturer is an industry leader in the field of retail sales ranked the top three in the same profession . Second, the formation of a " brand management + Product Design + chain sales " integrated profit model, profitability improved rapidly. Third , the company -operated stores in more than 95% in the quality department established channels , the number of self-operated stores after Hong Kong Chow Tai Fook , in second place .

    Raise capital investment is expected to make a substantial increase in the scale of operation funds raised will be used for construction projects and jewelry sales network production and processing projects with a total investment of 3.4 billion yuan. Where sales network construction project plans to build 100 self-operated stores ( including five flagship stores, 15 stores and 80 store associates ) , and building a terminal management training center. As of mid-2009 , the project has invested a total of 6,842.10 million to open a new flagship store and 36 store associates . Jewelry production and processing ( including R & D ) projects will build 15,000 square meters and 3,000 square meters of production plants of the brand design center .

    Investment advice to benefit from China's jewelry consumption has entered a stage of rapid development , it is expected , in 2009 , 10 and 11 years , the company will achieve net profit of 081 million yuan , 109 million yuan and 1.25 billion yuan, diluted earnings per share were 0.68 yuan, 0.91 yuan and 1.04 yuan . Reasonable valuation : 27.3 yuan -31.8 million.OEM jewelry factory