黄金企业：税收新规影响成本及终端金价

Core Insights - The new gold tax regulations will have three main impacts on the industry [1] Group 1: Tax Changes - Input tax deductions for non-investment gold jewelry companies will decrease from 13% to 6%, potentially increasing costs [1] - Investment gold sales companies, particularly member units selling gold coins, will have a competitive advantage [1] Group 2: Consumer Impact - The price of gold jewelry for end consumers is expected to rise, with the extent of the increase depending on how companies transfer costs [1] - Purchasing gold bars from Shanghai Gold Exchange member units will not be affected by the new tax regulations [1]