An investor asked on the investor interaction platform: your company’s Spring Festival is in January this year. Is the stock of Spring Festival stores in December of 21 years in advance? Does the company pay for the franchisee’s goods? Will the Spring Festival sales profit of these goods be included in the profit of the first quarter of this year?
Chow Tai Seng Jewellery Company Limited(002867) ( Chow Tai Seng Jewellery Company Limited(002867) . SZ) said on the investor interaction platform on March 17 that 1) some franchisees pick up goods in December and some in January during the Spring Festival; 2) Since the launch of the provincial representative model, the company will provide financial policy services to franchisees during the monthly gold tour of the province. The goods purchased in other ways are basically cash and spot; 3) The sales revenue of goods picked up in January is included in the revenue of the first quarter.
