Group 1 - The core viewpoint of the articles highlights the significant shift in consumer preferences from international luxury brands to domestic brands like Laopu Gold, indicating a structural change in the high-end market in China [1][2] - Laopu Gold has opened its third store in Beijing SKP, a key high-end shopping destination, which is expected to enhance its market performance [1] - The performance of Laopu Gold in the first half of 2025 shows an impressive growth rate of nearly 220%, contributing to a 20% positive growth in overall sales at Beijing SKP amidst a decline in international brands [2] Group 2 - Laopu Gold's average store efficiency reached nearly 500 million yuan in the first half of 2025, surpassing all domestic and international jewelry brands, as well as leading international luxury brands [2] - The founder of Laopu Gold, Xu Gaoming, expressed the ambition for each store to become a cultural consumption destination and a benchmark in the industry in terms of brand, product, store experience, and customer engagement [2]