Hengdeli Holdings Ltd. (3389.HK), China’s international luxury watch agency and retailer, released its 2013 interim results after the close of trading on September 5th, as of June 30, 2013. It fell 50.8% to 302.2 million yuan, compared with 613.6 million yuan in the same period last year. On August 7, Hengli Eli Holdings Ltd. (3389.HK) issued a profit warning.
Hengdeli Holdings Ltd. (3389.HK) Zhang Yuping, chairman of the board of directors of Hengdeli Holdings Group, said that the decline in profit was mainly due to the decline in gross profit margin and the exchange of shares of Ming Fung Jewellery Group Limited (00860.HK) Ming Fung Jewellery Group Co. , Ming Fung Jewellery Group Limited (00860.HK) caused by the decline in share price of Ming Fung Jewellery Group Limited. Excluding those who are not in charge of the business, net profit in the first half of the fiscal year fell by 27.3% to 353.5 million yuan.
On Friday, the stock price of Hengdeli Holdings Ltd. (3389.HK) Hendeli Holdings Group closed at HK $ 1.57, up 0.57%.
As of June 30, 2013, Hengdeli Holdings Ltd. (3389.HK) Hengdeli Holdings Group’s revenue in the first half of the fiscal year rose 9.5% to 6.294 billion yuan, of which retail sales recorded 48.194 yuan, an increase from the same period last year. 11.1%, accounting for 76.6% of total sales. Among which, retail sales in Mainland China amounted to RMB 2.85224 billion (accounting for 49.1% of total revenue), an increase of 1.0% over the same period last year, and retail sales in Hong Kong reached RMB 15.927 billion (accounting for 24.6% of total revenue), an increase compared to the same period last year 12.6%. Hengdeli said that the rapid development of second- and third-tier cities in Mainland China and the rapid growth of the middle class have provided favorable prerequisites for the better growth of the Group’s mid-range brands. In the first half of 2013, the Group added 10 retail stores to 462. During the period, due to weak sales of the high-end watch market, the Group expanded its mid-end watch retail while expanding to second-, third-, and even fourth-tier cities in mainland China. The retail sales of mid-range watches maintained a good growth trend, with an increase of 13.9%, in line with the Group’s expectations.
As of June 30, 2013, Hengli Eli Holdings Ltd.’s (3389.HK) Hendry Holdings Group’s gross profit was 1,673.4 million yuan, an increase of 9.0% over the same period last year; the gross profit margin was approximately 26.6%, a decrease of 10 basis points from the same period last year. . The main reasons for the decline in gross profit margin were: increased flexibility in sales discounts of high-end watches in an economic downturn, and brand suppliers’ failure to raise their public prices this year, etc., which offset the newly acquired abundant business. High gross profit margin and increased share of mid-range products will increase the gross profit margin.
Hengdeli Holdings Ltd. (3389.HK) The retail stores of Hengdeli Holdings Group mainly include Sanbao watches, Shengshi Watches, Hengdeli and mono-brand stores. Sambo watches mainly sell top-level international watches, and Shengshi Watch Co. and Hengdeli mainly sell mid-range and high-end international watches. As of June 30, 2013, Hengli Eli Holdings Ltd. (3389.HK) Hengdeli Holdings Group operated a total of 462 retail stores in Mainland China, Hong Kong, Macao and Taiwan, a net increase of 10 from the end of last year. Among them, there are 23 Sambo watches (5 in Hong Kong, 17 in Mainland China, and 1 in Taiwan); a total of 369 of Shengshi Watches and Hendry (333 in Mainland China and 36 in Taiwan); 70 brand stores (China 34 in the Mainland, 13 in Hong Kong, 1 in Macau, and 22 in Taiwan). Hengdeli Holdings Ltd. (3389.HK) Hengdeli Holdings Group and Swatch Group AG (UHR.VX) Swatch Group, LVMH Mot Hennessy-Louis Vuitton SA (LVMH.PA) Moët Hennessy-Louis Vuitton The Group, Compagnie Financière Richemont SA (CFR.VX) Richemont Group and Rolex Group and other top international brand suppliers cooperate to distribute and exclusively distribute more than 50 internationally renowned brand watches. Among them, Swatch Group AG (UHR.VX), Swatch Group and LVMH respectively hold 9.1% and 5.9% of Hendry. Brands represented by Hengdeli Holdings Ltd. (3389.HK) include: Breguet, Cartier, IWC, Jaeger-LeCoultre, Longines, Mido, Omega, Rolex, Scatola del Tempo, TAG Heuer, Tissot, Vacheron Constantin, Vanke Albemarle, Zenith, etc.
The legend of the Certina Championship series has been writing success stories for the Swiss watch brand Certina since 2004. The new Champion Series Speedmaster automatic watch came out with its unique sense of vividness, sporty pride, and bold and unique design. The generous case expresses its strong elegance and masculine characteristics, the details show the elegant and long tradition of Certina, but also affirm the excellent taste and tenacity of men.
The vocabulary most commonly used to describe Certina’s watchmaking craftsmanship is always around: unique, reliable and precise. The Champions Speedmaster Automatic is the latest chronograph produced by a Swiss watchmaker, emphasizing precious and highly valued design principles and bold innovations. The case of this new watch has an oversized exterior The trail has exceeded conventional standards. The oversized 44mm case contains the state-of-the-art ETA Valgranges automatic chronograph movement, which is specially designed for large watch cases and introduces high technical qualities, including robustness and long-lasting accuracy.
The new champion series Speedmaster automatic watch embodies first-class classic sports value in a purely highly aesthetic way. Its polished stainless steel case carries a contrasting polished stainless steel bezel and clear and bright speedometer markings. The black sports dial and its high attention to detail are protected by sapphire crystal glass with anti-reflective coating on the front and back of the mirror. The time display part of the chronograph includes a circular area drawn by precision-machined concentric circles, and the red hands, large seconds hands, hour and minute hands on it, which have high-quality brightness and texture. The silver edges feature delicate highlights at 3 and 6 o’clock.
The ultra-precision and artistic features of the unique Valgranges movement are clearly visible through the transparent watch case back. The championship series automatic chronograph is available in a variety of configurations. One of the models is paired with a popular brown leather strap, while another version is also available: a pale silver stopwatch timer and a polished stainless steel bracelet for a stronger sense of movement....
On another annual lookback, applaud the fruits and sail the new voyage. A timepiece with momentum and courage can best match your confidence and innovation.
Never stopping the breakthrough, Swiss fine watch brand Audemars Piguet made a bold move in 1993: unprecedented oversize, challenging traditional aesthetic design, Royal Oak offshore is destined to be a bet . It turns out that this bet paid off handsomely. It was in sharp contrast with the traditional high-end watches of conservative design at that time, leading the trend of large-size watches, and Audemars Piguet once again confirmed its pioneering position in the field of fine watchmaking. In 2016, you need a piece of courage on your wrist to lead you into the possibilities of the future.
Avant-garde Innovation-Audemars Piguet Royal Oak Offshore Men’s Watch
Audemars Piguet Royal Oak Offshore Chronograph, with a large 42 mm case, highlights the modern sports style. An octagonal bezel with a matte and polished subtle contrast, with eight platinum screws. The black ceramic chronograph button and screw-in crown form a sharp contrast with the case, also highlighting the innovative and avant-garde design features of the Audemars Piguet Royal Oak Offshore watch. Decorated with the ‘Méga Tapisserie’ oversized checkered dial, the design features of the Royal Oak offshore watch. The brand abbreviation three-dimensional insert is made of solid gold, making the overall design more consistent and outstanding.
Leading the Way-Audemars Piguet Royal Oak Offshore Women’s Watch
As the representative of women’s self-assertion, Audemars Piguet is a clear-cut, uncompromising man in a world ruled by men. As the latest member of the Audemars Piguet Royal Oak Offshore Women’s Watch Series, the 37mm women’s watch is available in 18K rose gold and stainless steel. The new Audemars Piguet Royal Oak Offshore Women’s Watch retains the bold design of the men’s chronograph, while adopting a more slender case and embellished with 32 brilliant-cut diamonds on the bezel, bringing an extraordinary touch With visual enjoyment. This watch also pursues a completely different texture and depth. The spiral track-shaped minute scale and the famous “Méga Tapisserie” oversize check decoration are juxtaposed. The white rubber crown and strap add modern feminine charm to the watch. .
Audemars Piguet Royal Oak Offshore Chronograph
18K Rose Gold: 26470OR.OO.A002CR.01 Stainless Steel: 26470ST.OO.A104CR.01
Chronograph (60-second central hand, 30-minute and 12-hour subdial), hours, minutes, small seconds, date display
Movement model: Calibre 3126/3840 automatic winding movement
Movement diameter: 29.92 mm (13 ¼ law minutes)
Movement thickness: 7.16 mm
59 rubies, 365 parts, power reserve of at least 55 hours
Balance vibration frequency: 21,600 times / hour
42mm diameter, 18K rose gold or stainless steel case, anti-glare sapphire crystal glass and case back, black ceramic buttons and crown, water-resistant to 100 meters
Rose gold tone or black dial, engraved with ‘Méga Tapisserie’ oversized check decoration, black fluorescent Arabic numerals, fluorescent Royal Oak hands and black inner bezel
Hand-stitched square large scale black alligator strap with 18K rose gold or stainless steel pin buckle
Audemars Piguet Royal Oak Offshore Women’s Watch
18K Rose Gold: 67540OK.ZZ.D010CA.01 Steel: 67540SK.ZZ.A010CA.01
Hour, minute, date display
Movement model: Calibre 2714 quartz movement
Movement diameter: 26.19 mm (11 ½ minutes)
Movement thickness: 2.88 mm
37 mm diameter, 18K rose gold or stainless steel case, anti-glare sapphire crystal and case back, white rubber moulded bezel and crown, water-resistant to 50 meters
Silver-white dial, engraved with ‘Méga Tapisserie’ oversized check, gold applied hour markers, gold-coated Royal Oak hands
White rubber strap with 18K rose gold or stainless steel pin buckle
32 round-cut diamonds with a total weight of about 1.02 carats (bezel)