Jun Wen Jewelry In The First Quarter Of The Income Slump, The Environment Is Very Unfavorable.

The continued decline led many jewellery and Hong Kong stocks to be involved.

Recently, Jun Wen jewellery released its first quarter earnings report, showing the unfavorable situation of the year, which made investors more worried about Hongkong's hard and luxurious market.

It is reported that in the first quarter ended March 31, 2016, the group's total revenue fell 36% to HK $30 million 340 thousand, compared with HK $47 million 380 thousand in the previous fiscal year, while the gross profit margin of the group was HK $8 million 100 thousand, a 19.8% decline. However, the stock market turbulence led investors to return to the gold market.

As a result of the rise and the intensity of the discount, the gross profit margin in the group period has risen to 54 from 26.7% basis points.

However, due to the persistent downturn of the hard and luxurious industry, the group's

In the first quarter, the Group recorded a net loss of HK $6 million 280 thousand, but it has continued to narrow in comparison with HK $9 million 810 thousand in the same period.

This is mainly due to the closure of Tongluowan stores and the continued sales attraction of new Garbo to enable the group to narrow its losses.

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Mr. Han Jianwei has been a senior management position in hotel management, purchasing, luxury goods and consumer goods industry during his career.

He has accumulated more than 14 years of expertise and knowledge in developing many international luxury watches and jewellery brands in Greater China.

Prior to joining the group, Mr. Han served as general manager of Disheng creation (International) Co., Ltd., responsible for the management, operation and business development of the watch and jewellery Department of China and Hongkong.

Prior to that, he also held senior management positions in many multinational companies such as Cmc Markets Asia Pacific Pty Ltd, Dachang Huajia, Limited Hong Kong Company and HagemeyerCosaLiebermannGroup (HK) Ltd.

Mr. Han holds a bachelor's degree in Business Administration from University of Surrey, England.

Mr. Han has signed a service contract with Junwen jewel International Limited and has entered into force since April 29, 2014.

The service contract has no fixed period and can be terminated by any party's written notice of not less than three months.

Mr. Han has the right to collect remuneration of HK $1500000 per year and bonus as appropriate.

The remuneration and bonus are the duties and responsibilities of the board of directors, the company's performance and the current market conditions.