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Express News | The Golden Industrial Concept is active against the trend, and Shenzhen Tellus Holding hits the daily limit.
With values easily exceeding one million, Lao Feng Xiang made a bold appearance at the Consumer Expo with multiple gold exhibits.
On April 15, at the fifth Consumer Expo, Hall 2, consisting of jewelry and the "Buy Global, Sell Global" exhibition area, attracted well-known companies from various countries, covering multiple categories of high-end consumer goods such as jewelry, beauty and fragrance, premium beverages, clothing, and footwear. Among them, Lao Feng Xiang showcased several "priceless treasures" created by master craftsmen. This includes the "Dragon Soaring into Prosperity · Dragon尊" valued at 2 million yuan, the "18K Egg-Shaped Enamel Powder Blue Sapphire Necklace" valued at 3 million yuan, the "Mandarin Duck Teapot", and various latest designs from several masters.
The defensive properties of gold have once again emerged, with the Gold ETF and GF Shanghai Gold ETF rising, gaining over 20% this year.
With Trump's "reciprocal tariffs" implemented, spot gold has risen to $3160 per ounce, setting a new historical high. A-shares of gold stocks opened high across the board, with Western Region Gold up 5.8% and Beijing Xiaocheng Technology Stock rising over 3%. In terms of ETFs, Qianhai Kaiyuan Gold fund, CCB Principal Shanghai Gold ETF, BOC Shanghai Gold ETF, Guotai Gold fund ETF, ChinaAMC Gold ETF, Huaan Gold ETF, Wanjia Gold ETF, E Fund Gold ETF, ICBC Credit Suisse Gold ETF fund, Southern Gold ETF, and Harvest Shanghai Gold ETF fund all rose over 1.5%, with a year-to-date increase of 20% in the current A-share market.
Express News | The Gold Concept has rebounded amid fluctuations, and Zhejiang Ming Jewelry has reached its upper limit.
Express News | GTJA: Maintains Lao Feng Xiang's "Shareholding" rating and raises the Target Price to 64.48 yuan.
Lao Feng Xiang (600612): Gold prices continue to rise, sales and store expansion are under pressure.
Report introduction: Gold prices have repeatedly reached new highs, putting pressure on the terminal sales phase, affecting the willingness of franchisees to purchase, and the expansion phase in 2024 Q4 will face pressure; however, there is hope for a marginal recovery in terminal sales in 2025 Q2. Investment highlights: Performance is slightly below expectations.