Group 1 - The core viewpoint of the article is that the gold and jewelry industry is undergoing a significant transformation, with ancient gold becoming a key vehicle for high-end development [1] - The consumption of gold jewelry is shifting towards high-end and lightweight designs due to technological advancements and rising gold prices [1] - The company Lao Pu Gold, as a leading brand in ancient handcrafted gold, is expected to benefit continuously from this trend [1] Group 2 - The projected net profit for Lao Pu Gold from 2025 to 2027 is estimated to be 4.8 billion, 6.89 billion, and 8.71 billion yuan, representing year-on-year increases of 226%, 44%, and 26% respectively [1] - The company is focusing on a differentiated strategy in the high-end gold market, with plans for domestic and international store expansion and channel optimization [1] - Based on comparable companies, a price-to-earnings ratio of 18 times is assigned for 2026, leading to a target value of 775.64 HKD per share, with an initial "buy" rating [1]
老铺黄金:2025-2027年盈利预测及目标价出炉
Sou Hu Cai Jing·2025-12-29 07:19