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首沣控股有限公司(01703.HK)

SHOUFENG HOLDINGS LIMITED (01703.HK)

長雄證券 ·  Feb 1, 2019 00:00  · Researches

Summary of duties

First Holdings is a full-service restaurant in Hong Kong, providing restaurant service and banquet service, including wedding banquet service. The service of the collection can be traced back to July 2006, when the first restaurant was set up in the restaurant to provide one-stop wedding banquet service for guests. According to the selected wedding package, the services provided by the collection include wedding invitation design, wedding cake and transportation service. On January 21, 2019, the collection has experienced 20 years of Chinese-style full-service wines under the brand name of "Huangfu" and "Huangyuan". In addition, in terms of 2017 earnings, the bazaar is the third largest full-service Chinese wine fair in Hong Kong banquet market, with a market share of about 5.0%. The bazaar is also one of the top 10 market participants in Hong Kong's full-service wine market, with a market share of about 1.7%.

Thank you very much.

Provide one-stop wedding banquet service

Provide a wide range of services and menu

The wine store of Jigui is in a strategic position.

Negative factor

The future growth of the collection depends on its ability to operate and operate new wines under profitable conditions, which may not be as successful as expected.

Failure to find an ideal location or renew an existing lease on commercially feasible terms may adversely affect the operation and operation of the fair.

Since the collection house leases all the property for wine and drinks, it is related to the rental market of commercial premises, including unforeseeable high occupancy costs.

The purpose of the income

About 76.1% is used to open a total of eight new restaurants to expand the range of wine networks and geographical coverage.

About 14.1% will be used to renovate existing wines.

About 5.0% is used to promote the brand and wedding banquet service.

About 4.8% is used for general financial assistance.

The translation is provided by third-party software.


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