Hunan Gold(SZ:002155) Sou Hu Cai Jing·2025-11-21 06:16Group 1: Jewelry Brand Gold Prices - The current gold price per gram in the domestic market varies among brands, with notable prices including: Laiyin Jewelry at 1288.00 CNY, Gold King at 1281.00 CNY, and Chow Tai Fook at 1305.00 CNY [1][2][3][4][5][6][7][8][9] - The price for a 20-gram gold item is approximately 26,100 CNY for several brands, including Chow Tai Fook, which indicates a consistent pricing strategy among major players [3][4][5][6][7] Group 2: Panda Gold Coin Prices - The 2025 edition of the Panda gold coin series has varying prices based on weight, with the 1-gram coin priced at 1284 CNY and the 100-gram coin at 78,270 CNY [11][12] - The pricing structure shows that larger and specially designed coins tend to have higher prices, reflecting market demand for collectible items [12] Group 3: Precious Metal Recycling Prices - The recycling price for gold jewelry is set at 918 CNY per gram, with a purity of 99.9% [13] - Platinum jewelry recycling is priced at 324 CNY per gram, also with a purity of 99.9% [14] - The recycling price for 18K gold jewelry is 666 CNY per gram, while palladium jewelry is at 277 CNY per gram [15][16] Group 4: Hunan Gold's Tax Benefits - Hunan Gold benefits from tax exemptions on its main sales channels, which are primarily through exchanges, allowing it to reduce operational costs and expand profit margins [23] - New regulations provide significant tax relief for investment gold bars, potentially increasing profits by over 15 million CNY annually for Hunan Gold [24] - The stock price of Hunan Gold has seen a positive trend, rising seven times in November, indicating increased investor confidence due to these tax benefits [25] Group 5: Challenges for Gold Workshops - Approximately 40% of gold transactions in Hunan occur outside formal exchanges, with many small businesses relying on these methods for survival [27] - New regulations have created operational difficulties for small gold enterprises that previously relied on low-cost gold purchases and tax evasion [28] - The shift towards formal trading is expected to change the competitive landscape, as traditional gold workshops struggle to compete with regulated businesses [29]