Textiles, Apparel and Luxury Goods
Company Overview of Citychamp Watch & Jewellery Group Limited
Citychamp Watch & Jewellery Group Limited, an investment holding company, designs, manufactures, sells, and distributes watches and timepieces. It offers watches and timepieces under the brand names of Rossini, EBOHR, Corum, Eterna, Rotary, Dreyfuss & Co, J&T Windmills, Guangzhou, and Dixmont, etc. The company is also involved in the property investment activities; distribution of yachts and glasses; and issuance of bonds activities. It operates through outlets and boutiques in Hong Kong, the People’s Republic of China, Switzerland, Germany, the United Kingdom, Singapore, and other countries. The company was formerly known as China Haidian Holdings Limited and changed its name to Citychamp W...
International Commerce Centre
1 Austin Road West
Key Executives for Citychamp Watch & Jewellery Group Limited
Chief Executive Officer, Executive Director, Member of Remuneration Committee and Member of Nomination Committee
Total Annual Compensation: $8.8M
Total Annual Compensation: $1.7M
Total Annual Compensation: $1.5M
Total Annual Compensation: $1.4M
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2014.
Citychamp Watch & Jewellery Group Limited Key Developments
Citychamp Watch & Jewellery Group Limited, Annual General Meeting, Jun 25, 2015
Apr 28 15
Citychamp Watch & Jewellery Group Limited, Annual General Meeting, Jun 25, 2015., at 11:00 China Standard Time. Location: Ming Room I, Fourth Floor, Sheraton Hong Kong Hotel & Tower. Agenda: To consider and adopt the audited consolidated financial statements and the report of the directors and the independent auditor 's report for the year ended 31 December 2014; to consider the re-elect of independent non-executive director and executive directors; to consider the re-appoint BDO limited as the auditor of the company and authorize the board to fix their remuneration; to consider and grant a general mandate to the directors to issue additional shares of the company; to consider and grant a general mandate to the directors to repurchase shares; and to consider the extend the general mandate granted to the directors pursuant.
Citychamp Watch & Jewellery Group Limited Reports Audited Consolidated Cash Flow Results for the Full Year Ended December 31, 2014
Apr 28 15
Citychamp Watch & Jewellery Group Limited reported audited consolidated cash flow results for the full year ended December 31, 2014. For the year, the company reported net cash used in operating activities of HKD 69,069,000 compared to net cash used in operating activities of HKD 245,599,000 for the same period a year ago. Purchases of property, plant and equipment was HKD 125,652,000 compared to HKD 178,241,000 last year. Purchases of intangible assets was HKD 1,367,000 compared to HKD 3,732,000 last year.
Citychamp Watch & Jewellery Group Limited Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2014
Mar 30 15
Citychamp Watch & Jewellery Group Limited reported audited consolidated earnings results for the year ended December 31, 2014. For the year, the company's revenue was HKD 3,488,553,000 compared with HKD 3,176,423,000 a year ago. Profit before income tax was HKD 284,059,000 compared with HKD 757,856,000 a year ago. Profit attributable to owners of the company was HKD 132,005,000 or 2.93 cents per diluted share compared with HKD 565,434,000 or 12.47 cents per diluted share a year ago. Rossini and EBOHR continued to be the major sources of revenue and accounted for more than 54% of the total revenue of the group compared to 53% a year ago. These two brands seize the opportunity to expand their market shares continuously. Such decrease is mainly due to two reasons. First, an aggregate amount of approximately HKD 182,561,000 of impairment losses were made on goodwill and intangible assets related to two Swiss companies acquired in recent years, Eterna AG Uhrenfabrik and Montres Corum Sàrl. There were capital commitments with an amount of HKD 169,024,000 related to the purchase of property, plant and equipment.
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