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The first day of IPO

time：2023-03-24 02:12:27 source：clevelanddrifters.com author：Individual stock recommendation

The first day of IPO

According to Futu News on August 25, China CDF (01880.HK) opened 24.05% lower on the first day, at HK$120. It is now down 0.06% at HK$157.9. As of press time, the current price of $China CDF (601888.SH) $A shares is 191.61 yuan, and the current price of Hong Kong shares is about 28.09% lower than the current price of A shares. In yesterday's Futu grey market trading, China CDFG opened 3.8% lower, and finally closed down 4.81%, losing HK$760 per lot. According to previous public information, the number of people who subscribed for the public placement of CDFG was 5,669, and the first-hand lottery rate was 100%. The relevant data compiled by Futu Information are as follows: CDFG was established in 1984. After nearly 40 years of development, it has developed into the world's largest travel retail operator, focusing on selling high-quality duty-free and premium products for domestic and foreign tourists and mid-to-high-end customers. Tax commodities, forming a comprehensive shopping experience. According to Frost & Sullivan, in terms of sales revenue, the company's global ranking has continued to improve over the past 10 years, from 19th in 2010 to 12th in 2015, and further to 2019. Fourth, and ranking first in the world in 2020 and 2021. In 2021, the company will account for 24.6% of the global travel retail industry market share. CDFG develops China's travel retail business with duty-free as its core, and is committed to expanding its global presence. The company is the only retail operator in China that covers full duty-free sales channels, including port stores, outlying island stores, city stores, cruise stores, in-flight stores and foreign ship supply stores. The company has the largest number of duty-free shops in the country. The company's prominent market position is largely dependent on the history and regulatory landscape of China's duty-free industry. As of December 31, 2021, CDFG was one of nine entity groups in China holding duty-free business licenses, one of five entity groups holding duty-free business licenses to operate duty-free port stores across the country, and is one of the nine entity groups in China holding duty-free business licenses to operate duty-free port stores nationwide. The only group licensed to operate all kinds of duty-free shops in China. As of the Latest Practicable Date, the Company operated 193 stores, including 184 stores in 100 cities in 28 provinces, municipalities and autonomous regions in China, and 9 overseas duty-free stores, including 7 stores in Hong Kong, Macau and Cambodia. 2 cruise duty-free shops. In terms of finance, from 2019 to 2021, the company's revenue was 48 billion, 52.6 billion, and 67.7 billion yuan respectively, with a compound annual growth rate of 18.72%. In the first quarter of 2021 and 2022, revenue will be RMB 18.1 billion and RMB 16.8 billion, respectively. From 2019 to 2021, the company's net profit will be RMB 5.5 billion, RMB 7.1 billion and RMB 12.4 billion respectively, with a compound annual growth rate of 50.8%. In the first quarter of 2021 and 2022, the net profit will be RMB 3.4 billion and RMB 2.9 billion respectively. Risk warning: The opinions of the authors or guests shown above have their own specific positions, and investment decisions need to be based on independent thinking. Futu will endeavour but cannot guarantee the accuracy and reliability of the above content, and will not be liable for any loss or damage arising from any inaccuracies or omissions.

(Responsible editor：Trend)

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