YYTM(SH:600655) Nan Fang Du Shi Bao·2025-08-27 08:47Core Viewpoint - Yuyuan Group's jewelry brand Laomiao Gold faced allegations of plagiarism regarding a carrot-shaped gold pendant, which was claimed to resemble the "Momo Hu Hu Carrot" IP from the trend brand STAYREAL, co-founded by Mayday's lead singer Ashin [1][4][7]. Group 1: Incident Overview - Laomiao Gold launched a gold pendant priced at 1,591 yuan, inspired by fruits and vegetables, which included a carrot design named "Zha Zha Hu Hu Carrot" [2][4]. - The company publicly apologized on August 26, stating that the product was not part of a collaboration with STAYREAL and was mistakenly listed due to an operational error by e-commerce staff [1][7][8]. - Following the incident, Laomiao Gold removed the product page and assured that similar products would not be released in the market [7][8]. Group 2: Company Background and Financial Performance - Laomiao Gold is a flagship brand under the Shanghai Yuyuan Jewelry Fashion Group, which is part of Yuyuan Group's diverse business portfolio [11]. - Yuyuan Group reported a 30.68% year-on-year decline in revenue for the first half of the year, totaling 19.112 billion yuan, with a net profit drop of 94.50% to 62.8138 million yuan [11]. - The jewelry fashion segment, which includes Laomiao Gold, experienced a revenue decline of approximately 37% to 12.899 billion yuan, accounting for 67.49% of the total revenue [11].