Group 1 - Goldman Sachs reported that the management of Lao Pu Gold did not observe sales pressure following the price increase of gold products in October, noting long queues in several cities during the holiday period [1] - During the New Year holiday, sales at both the old store and company level recorded high double-digit to triple-digit year-on-year growth, supported by brand awareness, channel expansion, upgrades, and improved operational capabilities [1] - Citigroup expressed increased confidence in Lao Pu's outlook for this year, citing demand recovery and improved gross margins observed during the New Year holiday [1] Group 2 - Citigroup noted that consumers have absorbed the price increases, supported by broad industry price adjustments and a rebound in gold prices since December [1] - The report indicated that promotional activities during the long holiday stimulated demand recovery, with strong demand expected to continue into the Spring Festival holiday [1] - Lao Pu's gross margin has recovered to over 40% since late November last year, with further price increases anticipated after the Spring Festival, suggesting sustained high profitability this year [1]
老铺黄金涨超5% 元旦期间销售动能仍强 花旗看好其盈利能力延续