Core Viewpoint - The company Lao Pu Gold (06181) has experienced a decline of over 4%, currently trading at 647 HKD with a transaction volume of 105 million HKD, despite maintaining strong sales momentum during the "Double 11" shopping festival, with sales exceeding 1 billion RMB on the Tmall platform [1] Group 1: Sales Performance - Lao Pu Gold reported robust sales during the "Double 11" period, achieving over 1 billion RMB in sales on Tmall [1] - The company has seen customers queuing outside some stores in recent weeks, indicating sustained demand [1] Group 2: Pricing and Cost Impact - The company raised prices for the third time in October, but the recent changes in gold purchase tax are expected to increase raw material costs by 6%, potentially narrowing gross margins by 3 to 4 percentage points [1] - However, the impact on actual gross margins is considered minimal due to previous price increases and accumulated gold inventory at lower costs [1] Group 3: Expansion Plans - The management has indicated that there are no plans to open more stores in mainland China next year, focusing instead on improving existing store operations through renovations and expansions [1] - There remains potential for penetration in core commercial areas of second-tier cities like Chongqing and Changsha [1] - The company plans to open 3 to 4 new stores outside mainland China [1] Group 4: Management Outlook - Management maintains confidence in sales and profit momentum for the upcoming year [1]
港股异动 | 老铺黄金(06181)回落逾4% 明年无计划在中国内地开设分店 黄金购买税修改对其毛利率影响较小