HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

Equity Capital Markets

Guangdong Chj Industry Co A / Equity Capital Markets

<ul>
<li>CHJ’s business model integrates franchise stores and self-operated stores. Franchising as the main approach is beneficial for achieving rapid expansion, while self-operation as a supplement helps to enhance brand image.</li>
<li>Due to increasing competition, future growth of CHJ may not be benefit from the high gold prices, but may be under pressure due to rising raw material costs/reduced customer demand.</li>
<li>We think valuation of CHJ should be lower than Laopu, but could be higher than <a href="https://www.smartkarma.com/entities/zhou-liu-fu-jewellery-co-ltd" target="_blank" data-smartkarma-citation="entities:43706:1" rel="noopener">Zhou Liu Fu (6168 HK)</a> due to CHJ’s higher performance growth in the short term.  </li>
</ul>


CHJ’s business model integrates franchise stores and self-operated stores. Franchising as the main approach is beneficial for achieving rapid expansion, while self-operation as a supplement helps to enhance brand image.
Due to increasing competition, future growth of CHJ may not be benefit from the high gold prices, but may be under pressure due to rising raw material costs/reduced customer demand.
We think valuation of CHJ should be lower than Laopu, but could be higher than Zhou Liu Fu (6168 HK) due to CHJ’s higher performance growth in the short term.  


Pre-IPO Guangdong CHJ Industry - The Business Model, the Concerns and the Outlook

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

<ul>
<li>Guangdong Chj Industry Co A (002345 CH) (CHJ) submitted an application to list H-shares on the Main Board of the Hong Kong Stock Exchange.</li>
<li>Despite higher valuation multiples, the company has been able to successfully generate higher sales and profits in the past several years. </li>
<li>The high and rising global gold prices have created a strong loyal customers and investor base that could positively impact this IPO on the HK Stock Exchange. </li>
</ul>


Guangdong Chj Industry Co A (002345 CH) (CHJ) submitted an application to list H-shares on the Main Board of the Hong Kong Stock Exchange.
Despite higher valuation multiples, the company has been able to successfully generate higher sales and profits in the past several years. 
The high and rising global gold prices have created a strong loyal customers and investor base that could positively impact this IPO on the HK Stock Exchange. 


Guangdong CHJ Industry Files Preliminary IPO Prospectus in Hong Kong

China

Guangdong Chj Industry Co., Ltd. designs, develops, manufactures and sells jewelries and accessories.  The Company's products include gold and platinum jewelry.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Pre-IPO Guangdong CHJ Industry - The Business Model, the Concerns and the Outlook

​CHJ's business model combine franchise and self-operated store for rapid expansion/brand image enhancement.Future growth may be impacted by...

Xinyao (Criss) Wang

Guangdong CHJ Industry Files Preliminary IPO Prospectus in Hong Kong

Guangdong Chj Industry Co A (002345 CH) (CHJ) submitted an application to list H-shares on the Main Board of the Hong Kong Stock Exchange.

Douglas Kim

CHJ's business model combine franchise and self-operated store for rapid expansion/brand image enhancement.Future growth may be impacted by...