老凤祥：2024年净利润19.5亿元 同比下降11.95%

Core Viewpoint - The company reported a significant decline in both revenue and net profit for the year 2024, attributed to weak consumer demand in the gold jewelry sector and rising gold prices [1] Financial Performance - The company achieved total revenue of 56.793 billion yuan in 2024, representing a year-on-year decrease of 20.5% [1] - Net profit for the year was 1.95 billion yuan, down 11.95% compared to the previous year [1] - Basic earnings per share were reported at 3.73 yuan [1] Industry Context - The decline in performance is linked to insufficient global economic growth momentum and domestic effective demand [1] - The continuous rise in gold prices, reaching historical highs, has led to weakened consumption in the gold jewelry market [1]