No Data
Research Reports on investment opportunities丨GTJA: Maintain Lao Feng Xiang's "Shareholding" rating, and raise the Target Price to 64.48 yuan.
GTJA's Research Reports indicate that Lao Feng Xiang (600612.SH) achieved a Net income of 1.95 billion yuan in 2024, a year-on-year decrease of 11.95%; Q4 Net income was 0.174 billion yuan, down 30.4% year-on-year. Q4 performance was slightly below expectations, and the continuous increase in gold prices has put pressure on sales and store expansions. Considering the base decline since April 2024, it is expected that the Industry's terminal sales and same-store performance may stabilize and recover in Q2 2025; the company is actively promoting comprehensive reforms through the dual-hundred initiative, exploring the implementation of a professional manager system to fully stimulate the enthusiasm and initiative of the management team and further enhance the enterprise.
Revenue Miss: Lao Feng Xiang Co., Ltd. Fell 8.2% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models
Research Reports Gold Digging丨CICC: Maintains Lao Feng Xiang 'Outperforming the Industry' rating, Target Price 60.51 yuan.
China International Capital Corporation's Research Reports indicate that Lao Feng Xiang (600612.SH) expects a net income of 1.95 billion yuan for 2024, a 12% year-on-year decrease, slightly lower than our expectations, primarily due to the rapid rise in gold prices significantly impacting revenue achievement. Since the end of March 2024, gold prices have risen sharply, leading to weak demand for gold jewelry. According to the Statistics from the China Gold Association, the gold jewelry consumption in China for 2024 is expected to be 532.02 tons, a 25% year-on-year decrease. The insufficient demand for gold affects franchisees' willingness to stock up, putting pressure on Lao Feng Xiang's revenue growth. However, the company is still actively promoting market expansion and enhancing the "
Are consumers unable to buy? Lao Feng Xiang's revenue and Net income have both declined, and the expansion of outlets has not met expectations.
The Gold jewelry Industry is facing challenges.
Lao Fengxiang: Announcement on the 2024 Annual Results Report of Lao Fengxiang Co., Ltd.
Laofengxiang Co., Ltd. 2024 Annual Results Express Announcement
Earnings Update: Lao Feng Xiang Co., Ltd. (SHSE:600612) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts
