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Gelonghui FinanceMay 13 17:09

Lao Feng Xiang (600612): With high gold prices, Operation remains under pressure. Attention should be paid to subsequent product and channel optimization.

The company's operation in 2024 is relatively stable, but the performance in Q1 2025 is under significant pressure. The company released its annual report and quarterly report: in 2024, it achieved revenue of 56.793 billion yuan (a year-on-year decrease of 20.5%, same below), and the net income attributable to the parent company was 19.

Open Source SecuritiesMay 12 15:27

Lao Feng Xiang (600612): Continuous rise in gold prices, weak terminal sales, looking forward to a performance turning point later this year.

Event: The company disclosed the 2024 annual report and the first quarter report for 2025. For the entire year of 2024: Revenue of 56.79 billion yuan, -20.5%; net profit attributable to the parent company of 1.95 billion, -11.9%; net profit attributable to the parent company excluding non-recurring gains and losses of 1.8 billion, -16.

Founder SecuritiesMay 7 00:00

Lao Feng Xiang Signs Cross-Industry Collaboration Deal With German Luxury Brand Maybach

MT NewswiresMay 6 15:03

Express News | Gold Concept stocks are fluctuating and strengthening, Leysen Jewellery Inc. hit the daily limit in the afternoon.

BreakingsMay 6 14:22

Lao Feng Xiang (600612): Continuous optimization of channels, launching cross-industry cooperative products.

In the first quarter of 2025, the company's revenue decreased by 31.64% year-on-year, and the net income attributable to the parent company decreased by 23.55%. The company announced its first quarter report for 2025: 1Q2025 achieved revenue of 17.521 billion yuan, a year-on-year decrease of 31.

EverbrightMay 6 07:33

Express News | International gold prices have undergone a Top Reversal, with jewelry gold prices falling below the 1,000 yuan mark.

BreakingsMay 5 16:35

Express News | Lao Feng Xiang: Signed a Global Strategy cooperation agreement.

BreakingsMay 5 15:33

Lao Feng Xiang Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their Models

Simply Wall StMay 3 06:27

Lao Feng Xiang (600612): Facing pressure during the stage of high gold prices, a recovery in Q2 performance is expected.

Introduction to the report: Gold prices have repeatedly reached new highs, and the willingness of terminals for sales and franchisees for inventory replenishment is under pressure in Q1 2025; the wholesale shipment of investment gold bars at the April order meeting is expected to be released, considering the benefits of inventory appreciation and a decline in the same period's base, Q2 table.

CITIC HAITONG SECMay 2 00:00

Lao Feng Xiang (600612): Sales of Gold jewelry are under pressure, enhancing product renewal and optimizing channels.

Investment Highlights: The company announced the 2024 annual report and the first quarter report for 2025, with performance in line with expectations. According to the company's announcement, 1) In 2024, the company achieved revenue of 56.793 billion yuan, a year-on-year decrease of 20.50%, with net profit attributable to the parent company.

SWHY ResearchMay 1 07:47

Lao Feng Xiang (600612): The performance in the first quarter faced some pressure, with ongoing product innovation and IP collaboration.

Under the weakening industry prosperity, overall performance is under pressure. The company's revenue in 2024 is 56.793 billion yuan, a year-on-year decrease of 20.5%, with net income attributable to shareholders of 1.95 billion yuan, a year-on-year decrease of 11.95%. Revenue in the first quarter of 2025 is 17.

GuosenApr 30 19:32

Lao Feng Xiang's Q1 Profit Drops 24%, Operating Income Falls 32%

MT NewswiresApr 30 14:38

Lao Feng Xiang (600612): Short-term performance under pressure,期待 25H2 performance turning point.

The company announced its performance for 2024 and Q1 2025: the company's revenue for 2024 is 56.793 billion yuan, down 20.5% year-on-year; net profit attributable to the parent company is 1.95 billion yuan, down 11.95% year-on-year; the net profit excluding non-recurring items is 18.0.

SoochowApr 30 14:02

The "gold price" is killing the "gold ornaments"! Lao Feng Xiang and Chow Tai Seng Jewellery are facing tough times, while the popularity of the old store is particularly remarkable.

According to Morgan Stanley, the soaring gold prices are "killing" the traditional gold jewellery market, with Chow Tai Seng Jewellery and Lao Feng Xiang seeing a significant decline in performance in the first quarter and accelerating store closures; however, brands focused on differentiation and high value-added products, like Lao Pu, are growing against the trend and are better able to withstand the impact of rising gold prices.

wallstreetcnApr 29 16:52

Lao Feng Xiang (600612): The significant fluctuations in Gold prices have impacted the performance of the Gold jewelry Business, leading to some pressure on its performance.

Event: The company announced its performance for Q1 2024. In 2024, the company achieved revenue of 56.793 billion yuan, a decrease of 20.5% year-on-year. The net income attributable to the parent company was 1.95 billion yuan, a decrease of 11.95% year-on-year, and the net income excluding non-recurring items was 18.

Cinda Securities.Apr 29 16:32

Lao Feng Xiang (600612): Strengthening IP collaboration and actively expanding online.

Core viewpoints are under pressure in the short term due to high gold prices, but the company has strong brand power and possesses CSI Leading Industry Index operations capability. It has established long-term stable mutually beneficial relationships with franchisees, and the new round of State-owned Enterprise Reform 'Double Hundred Action' is set to be launched, which is expected to progress further.

CSCApr 29 13:27

Lao Feng Xiang (600612): The rapid rise in gold prices affects revenue; Q1 2025 is still impacted by high gold prices.

Performance Review 2024 The performance meets market expectations. The company announced its 2024 performance: revenue decreased by 20.5% year-on-year to 56.8 billion yuan, and the Net income attributable to the parent company dropped by 12% year-on-year to 1.95 billion yuan, non-recurring Net income attributable to the parent company year-on-year.

China International Capital CorporationApr 29 08:32

Lao Fengxiang: Full text of the 2024 Annual Report of Lao Fengxiang Co., Ltd.

SZSIApr 29 00:00 · Announcements

Lao Fengxiang: Summary of the 2024 Annual Report of Lao Fengxiang Co., Ltd.

SZSIApr 29 00:00 · Announcements