LFX(SH:600612) Zhi Tong Cai Jing·2025-09-15 08:40Core Viewpoint - The company, Lao Feng Xiang, plans to apply for recognition as a refining enterprise by the Shanghai Gold Exchange to enhance its gold business and complete its precious metal industry chain [1][2] Group 1: Business Expansion - The company aims to establish a modern refining plant and supporting testing laboratory in Jinshan District, Shanghai, in collaboration with partners possessing technical advantages and market scale [1] - The new entity, Lao Feng Xiang Jing Cai Company, will produce gold bars that meet the certification standards of the Shanghai Gold Exchange and engage in related precious metal testing services [1] Group 2: Strategic Goals - The project is intended to create a research and production base for precious and rare metals within Shanghai, addressing current gaps in the local precious metal industry [2] - The initiative will enhance the company's supply chain autonomy and product value, providing essential materials for jewelry manufacturing and laying the groundwork for high-end metal materials across multiple industries [2]