一度突破1100港元，老铺黄金股价再创新高

Core Viewpoint - The stock price of Laopu Gold has surged significantly, reaching a new high, with a year-to-date increase of over 300% [1] Group 1: Sales Performance - Citigroup forecasts that Laopu Gold's sales at SKP mall will grow by 1.5 to 2 times, driven by higher discounts compared to other stores [2] - The average monthly sales at the SKP store during promotional periods are expected to be 7 to 8 times higher than usual [2] - Laopu Gold's same-store sales growth for the first half of the year is estimated to be around 200%, exceeding initial market expectations [4] Group 2: Product Strategy - The company plans to introduce high-value products in the second half of the year, including gold lacquerware and jewelry with average prices above 100,000 yuan [2] - Jewelry products account for 35% of total sales, while purchasing agents contribute 30% during promotional periods [2] Group 3: Financial Projections - Based on current assumptions, Laopu Gold's same-store sales are projected to grow by approximately 150% year-on-year by 2025, with total revenue expected to increase by nearly 200% [3] - The company reported a sales performance of 9.8 billion yuan for 2024, reflecting a year-on-year growth of 166% [4] - The net profit for 2024 was 1.47 billion yuan, marking a 254% increase year-on-year [4] Group 4: Expansion Plans - Laopu Gold plans to open 9 new stores by 2025, exceeding the original target of 6 to 8 new stores [4] - New store openings include locations in major cities such as Hong Kong, Nanjing, and Shanghai [4]