老凤祥股份有限公司 关于 2025 年度中期分红安排的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为提高分红频次，积极回报股东，与投资人共享公司经营成果，老凤祥股份 有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开了第十一届董事会第十 五次会议、第十一届监事会第十五次会议，会议审议通过了《关于 2025 年度中 期分红安排的议案》。根据《中华人民共和国公司法》《中华人民共和国证券法》、 《上市公司监管指引第 3 号——上市公司现金分红》（以下简称"《现金分红指 引》"）《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管 指引第 1 号——规范运作（以下简称"《规范运作指引》"）》等法律、法规、 规范性文件和《公司章程》的有关规定，公司拟定了 2025 年度中期分红安排， 具体如下： 一、中期分红条件 （一）符合中国证监会《现金分红指引》等相关规则对于上市公司利润分配 的要求；符合国资委国有资本收益上缴相关规定要求；符合公司的长远可持续发 展要求； （二）公司利润分配不得超过累计可供 ...

股票简称：老凤祥 股票代码：600612 编号：临 2025-013 老凤祥 B 900905 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 每股分配比例：老凤祥股份有限公司（以下简称"公司"）每股派发现 金红利 1.72 元（含税），其中公司 A 股每股派发现金红利 1.72 元（含税），B 股每股派发现金红利按照公司 2024 年度股东大会决议日下一工作日中国人民银 行公布的美元兑换人民币中间价折算。本年度公司不进行送股和资本公积转增股 本。 本次利润分配拟以公司 2024 年 12 月 31 日登记的总股本为基数，具体日 期将在权益分派实施公告中明确。 在实施权益分派的股权登记日前公司总股本如发生变动的，拟维持分配 总额不变，相应调整每股分红比例，并将另行公告具体调整情况。 本次利润分配不触及《上海证券交易所股票上市规则》（2024 年 4 月修 订）（以下简称"《股票上市规则》"）第 9.8.1 条第一款第（八）项规定的可 能被实施其他风险警示的情形。 一、利润分配方案内容 老凤祥股份有限公司 ...

老凤祥（600612）公告，2025年第一季度营收为175.21亿元，同比下降31.64%；净利润为6.13亿元，同 比下降23.55%。 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The retail sector is experiencing a rise in emotional consumption trends, with leading retail companies actively transforming through quality retail, cross-border trendy play, and co-branding with fashion IPs, which is expected to lead to performance recovery and valuation revaluation in the long term [4][30] - The report highlights the ongoing disclosure of annual and quarterly reports, indicating that high-quality companies in high-prosperity sectors are worth monitoring [4][27] - The retail index has shown a slight increase of 0.07% recently, but has decreased by 5.00% since the beginning of 2025, underperforming the broader market [6][15] Summary by Sections Retail Market Review - The retail index closed at 2127.02 points, with a weekly increase of 0.07%, ranking 24th among 31 primary industries [6][15] - The supermarket sector showed the largest increase this week, while the watch and jewelry sector has led the gains since the beginning of 2025 [18][21] Retail Insights: Focus on Beauty Care, Gold Jewelry, and Traditional Retail - The report emphasizes the performance divergence among companies in the cosmetics, medical beauty, gold jewelry, and traditional retail sectors, with a positive outlook for quality companies in the retail sector due to the recovery of consumer demand [27][30] - Key companies such as Yonghui Supermarket and Aiying Room are highlighted for their proactive transformation and potential for performance recovery [41][42] Key Company Performances - Proya achieved a 28.9% increase in net profit in Q1 2025, supported by a series of new product launches [47] - Yonghui Supermarket reported a revenue of 174.79 billion yuan in Q1 2025, down 19.3% year-on-year, but is undergoing significant store renovations [30][46] - The report suggests focusing on companies with strong growth potential in high-prosperity segments, including Proya, Aiying Room, and gold jewelry brands like Laopu Gold and Chaohongji [44][42]

具体各大品牌金店最新价格见下表格： 今日金价 单位 变动幅度 涨跌 老庙黄金价格 4月24日国内金价快报：各大金店价格继续小幅下滑，但每克还是稳稳站在1000元以上，价格还是很 高。周大福等金店今天又降了17元/克，最新标价1038元/克，还是最贵的金店。菜百黄金保持1015元/克 没变，依旧是最低价金店。今日金店黄金价差23元/克，价差继续缩小。 1031 元/克 21 跌 六福黄金价格 1038 元/克 17 跌 周大福黄金价格 跌 周六福黄金价格 1038 元/克 17 跌 今日金店黄金价格一览（2025年4月24日） 金店报价 金至尊黄金价格 1038 元/克 17 1038 元/克 17 跌 老凤祥黄金价格 1035 元/克 15 跌 潮宏基黄金价格 1038 元/克 17 跌 周生生黄金价格 1035 元/克 13 跌 菜百黄金价格 1015 元/克 元/克 17 0 平 上海中国黄金价格 1019 元/克 0 平 周大生黄金价格 1038 跌 在关注黄金走势之余，再让我们来看一下铂金价格。还是以周大福为例，其铂金饰品最新报价为403元/ 克，较昨日上调5元，形成与黄金价格"一涨一跌"的逆向波动格 ...

扬子晚报网4月23日（记者 范晓林 薄云峰）在金价持续上涨的长周期后，23日金价涨跌幅的数字首次"由红转绿"。周大福、老凤祥（600612）、周六福、 周大生（002867）金价为1055元/克，跌幅在-0.57%至-2.50%，周生生金价为1048元/克，跌幅为-2.96%。 | 员需要物 | | 贵金属现货 | 纸黄金 | | --- | --- | --- | --- | | 实物 | | 银行 | 回收 | | 品牌 | 产品 | 价格 | 涨跌幅 | | 周大福 | 黄金 | 1055元/克 | -2.50% | | 老凤祥 | 黄金 | 1050元/克 | -0.57% | | 周六福 | 黄金 | 1055元/克 | -2.50% | | 周大生 | 黄金 | 1055元/克 | -0.57% | | 周生生 | 童金 | 1048元/克 | -2.96% | 据同花顺（300033）数据，国际、国内金价在近几日的接连上涨后迎来回调。截至23日午盘，伦敦现货黄金价格报3342.21美元/盎司，跌-1.15%；纽约商 业交易所（COMEX）黄金期货报3347.7美元/盎司，跌-2.1%；沪金收盘失 ...

Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the **gold jewelry industry**, highlighting the impact of fluctuating gold prices on consumer behavior and market dynamics [1][2][3]. Core Insights and Arguments - **Gold Price Impact**: The rapid increase in gold prices, with a notable rise of approximately **20%** in Q2 of the previous year, has led to a decline in retail consumption due to consumer hesitation. However, as the sales season approached and price increases slowed, the decline in consumption narrowed, with a recovery in retail growth observed in Q1 of this year [1][2][4]. - **Consumer Behavior**: A moderate increase in gold prices (annual growth <15%) tends to boost consumer confidence, leading to a potential rise in both volume and price. The shift towards higher weight gold products is an example of this trend [1][5]. - **One-Price Gold Products**: These products have gained popularity during periods of rapid price increases due to their controllable total price and appealing designs. This trend is reflected in the increased daily foot traffic at stores like Lao Pu Gold [1][4][6]. - **New Store Openings**: New store openings significantly increase the demand for gold jewelry procurement, prompting brands and franchisees to expand their purchasing scale to meet market demand and maintain competitiveness [1][7]. - **Market Competition**: The gold jewelry market is transitioning into a phase of stock competition, with growth driven by channels slowing down. The market share of the top five brands has doubled since 2017, but the channel dividends are diminishing, leading to a reduction in new store openings and overall industry growth [1][8][10]. Additional Important Insights - **Long-term Trends**: The future of the gold jewelry industry is expected to focus on product and brand upgrades rather than relying solely on channel expansion. Companies like Lao Pu Gold and Lao Feng Xiang are successfully differentiating their products and building strong brands [3][12]. - **Challenges**: The industry faces challenges such as reduced channel dividends, increased pressure on terminal sales, and declining investment returns. Franchisees need to attract more foot traffic, which impacts sales and profits [11]. - **Valuation and Dividends**: Major gold jewelry companies are currently valued relatively low, with P/E ratios around **13 to 14 times** for 2025. These companies exhibit strong dividend yields, ranging from **5% to 8%**, indicating a solid safety profile [17]. - **Performance of Key Players**: Companies like Lao Feng Xiang have shown strong performance, with expectations for profit revisions upwards to **3.5 billion yuan** for 2025. Their strategic store openings and promotional activities have contributed to this growth [18][19]. Conclusion - The gold jewelry industry is navigating a complex landscape influenced by gold price fluctuations, changing consumer preferences, and competitive dynamics. Future growth will likely depend on innovation in product offerings and brand positioning rather than traditional expansion strategies.

题图 / 周大福、老凤祥、潮宏基珠宝 受全球市场影响，金价连创新高。就在最近，黄金价格突破800元，金饰克价超过了千元。在有关黄金的投资、消费话题里，不难听到二次元爱好者的声 音："当初买黄金谷子还真是买对了。" 老凤祥x崩坏：星穹铁道 这里说的黄金谷子，是指黄金品牌和ACG IP的联名衍生品。国人黄金购买力向来可观，中国长期位列全球黄金消费市场榜首，让二次元吃上纯金谷子的 情形或许只有国内市场才会上演。在近几年里，不仅黄金品牌与ACG IP联动频次有所提升，更有越来越多黄金品牌加入联名队伍，吸引一批批吃谷人走 进金店。 当买金的风吹到二次元 乘着中国衍生品热潮的东风，黄金品牌与ACG IP联名在近两年已成趋势。ACGx统计了国内主要黄金品牌近五六年的ACG IP联名案例（案例表格置于文 末）： 老凤祥从2024年至今接连公布了5个联名系列，全球限量的《机动战士高达》《圣斗士星矢》的大克重黄金手办闪耀得让人挪不开眼； 老凤祥x机动战士高达 图源@瑞禧黄金小助理 潮宏基在去年与三丽鸥合作后，持续上新库洛米、大耳狗、丑鱼、布丁狗等联名款，期间还与《蜡笔小新》进行了联动； 港金福x小狗蛇点点 图源小红书@小小榆 买 ...

Core Viewpoint - The fifth China International Consumer Products Expo showcased the century-old national jewelry brand Lao Feng Xiang, emphasizing its integration of traditional craftsmanship and modern technology, and its role in promoting Chinese culture on a global stage [1][10]. Group 1: Company Overview - Lao Feng Xiang has participated in the expo for the fourth time, highlighting its brand identity as "Guochao craftsmanship" [1]. - The company has positioned Haikou as a frontier for overseas expansion since 2020, establishing the Lao Feng Xiang (Hainan) Gold and Jewelry Fashion Creative Center in 2021, which began operations in early 2022 [8]. Group 2: Financial Performance - The creative center achieved profitability in its first year, with gold and jewelry sales of 8.3 tons and revenue of 61.82 million yuan in 2022, contributing 3.99 million yuan in taxes [10]. - In 2023, the sales revenue surpassed 110 million yuan, with tax contributions exceeding 10 million yuan, establishing the center as a new benchmark for intelligent jewelry manufacturing in the region [10]. Group 3: Product and Innovation - The event featured local cultural and intangible heritage works, showcasing designs that incorporate elements like wave patterns and Li ethnic totems, transformed through digital modeling and hand carving [12]. - The company demonstrated its "technology + craftsmanship" capabilities with efficient collaboration between 3D printing and laser engraving in its smart workshop [13]. - A new product, the upgraded "Phoenix Dance in the Sky · Golden Phoenix Crown," was unveiled, combining Li brocade elements and suspension technology, appealing to younger consumers through AR fitting systems and customized services [15]. Group 4: Future Outlook - Lao Feng Xiang plans to create an international operational chain centered around its Hainan factory, encompassing design, production, display, and export [18]. - The brand aims to launch the "Hainan International Jewelry Design Competition" in 2025, collaborating with global design talents to promote local cultural IP worldwide [18].

直播间内不断上演的国风主题节目则将网友带入流光溢彩的传统文化盛宴：十二时辰册封盛典通过实景 还原与礼仪演绎，重现唐代宫廷威仪；唐风舞姬以敦煌壁画舞姿演绎《清平调》，将传统服饰与现代舞 台艺术融合；还有金牌说书人揭秘百万凤冠传奇故事，全方位沉浸式体验国潮。 业内人士认为，作为拥有百年历史的中华老字号品牌，老凤祥在深耕品牌价值、贴近年轻客群的新尝试 下，不断深化与抖音生活服务的合作经营，策划优质专场内容直播、上架新品精品团购优惠、加深"线 上团购+线下体验"模式，为传统珠宝行业数字化转型提供了新思路。 据悉，老凤祥此次在抖音生活服务首发的"盛唐风华"系列新品包括国色天香、八宝繁花、莲花妙容、金 钰满棠、宝相芳花、幸运六花，共6个系列，以千年唐文化为灵感，将古典工艺与现代美学相结合。"国 色天香系列以盛唐宝象牡丹为灵感，以微镶技术展现盛唐光华璀璨"，直播中，主播为大家详细展示并 讲解了新品的设计亮点和独特工艺。如八宝繁花系列以螺钿镶嵌复刻唐代铜镜的禅意美学，宝相芳花系 列则配置精密转轴系统和古法花丝技艺、单件作品工序超百道…… 十二时辰册封盛典实景还原，金牌说书人揭秘百万凤冠传奇……"鼓声响，盛唐现"，4月15日上 ...