7月1日国内黄金市场动态：品牌金店首饰金价重新上涨，整体价格又要超过千元了。具体来看，周生生 黄金在今日大涨15元/克，报价1000元/克，暂为最高价金店。上海中国黄金今日不仅没涨，反而还跌了 13元/克，报价956元/克，为最低价金店。今日品牌金店价差44元/克（1000元/克-956元/克），价差再次 拉大。 | 今日金店黄金回收价格一览（2025年7月1日） | | | | --- | --- | --- | | 回收报价 | 今日金价 | 单位 | | 黄金 | 757.30 | 元/克 | | 菜百黄金 | 752.90 | 元/克 | | 周生生黄金 | 751.60 | 元/克 | | 周大福黄金 | 755.00 | 元/克 | | 老凤祥黄金 | 760.50 | 元/克 | 说完首饰黄金价格，我们再来讲讲国际金价情况： 昨日现货黄金开局有下跌趋势，一度跌至了3247.11美元/盎司，后不断震荡上行。最终收报3302.71美 元/盎司，涨幅0.90%。今日金价仍保持回升，截至发稿，现货黄金暂报3327.89美元/盎司，涨幅0.76%。 昨日金价大幅回升，主要是美元指数出现大跌，创2022年2 ...

投资咨询业务资格:证监许可【2012】31号 == 股 指 行 情 综 i不 回顾:昨日收盘,沪深300上涨0.37%至3936.1;上证50上涨0.16%至 2712;中证500上涨0.88%至5915.4;中证1000上涨1.26%至6356.2。沪深两 市成交额14869亿,较上周五缩量542亿。行业方面,航天航空、游戏、船 舶制造、光伏设备、医疗服务、电子化学品、珠宝首饰、小金属、通信设 备板块涨幅居前,仅证券、银行、水泥建材、航空机场板块下跌。 热评:昨日股指震荡上涨,市场成交量维持1.5万亿左右的较高水平。中 采PMI数据公布,6月制造业PMI为49.7%,比上月上升0.2个百分点,显示制 造业景气水平小幅改善。短期来看,股指经历强势突破后,在情绪和流动 性的驱动下进一步走强偏强震荡的概率较高,后续关注宏观增量信息对股 指方向的指引。中长期来看,展望下半年,7月底政治局会议将为下半年政 策定调,鉴于地产销售与投资可能进一步恶化,且消费虽有结构性亮点但 整体仍偏弱,预计稳定内需仍需政策进一步加力托底。与此同时,美国关 税政策尚未最终落定,叠加美联储降息时点渐行渐近,海外流动性宽松预 期及地缘政治格局 ...

6月30日，港股老铺黄金持续走强，一度涨逾16%，最高至每股1024港元，再创历史新 高。截至收盘，该股涨14.94%。 消息面上，6月28日（周六），老 铺黄金在中国奢侈品地标之一的上海国金中心正式开 业。 开业当天采取满千减百活动并享受商场3倍积分，销售火热，排队时长接近2小时。 据悉，国金中心店是老铺黄金在上海开设的第3家门店，预计年内老铺黄金还将在上海新天 地、上海恒隆广场等高端商圈开店，持续密集加码上海。 截至2025年4月，老铺黄金已完成国内全部头部商业中心签约，未来除新拓渠道之外，还 将聚焦存量门店的区位优化，推动在国内高端渠道的全面升级。 今年来，老铺黄金多次出现门店爆火的场景。2月9日，春节返工之后第一个休息日，早上9 时30分，气温还在零下，但北京SKP商场离老铺黄金最近的北1门前已经排起了长队。 甚至在代购老铺黄金的一些消息群中，已有群主在晒出排队的照片后称："今天不接单 了。"当天下午，《每日经济新闻》记者实地走访多家老铺黄金门店，东方新天地需要排队 1小时，SKP商场晚上7点仍需排队2小时才能选购，而就在当天，有人排队5小时才看到柜 上海豫园商场内的老铺黄金。图片来源：视觉中国 台。 ...

Core Viewpoint - The stock of Laopu Gold (06181.HK) has surged significantly since its listing, reaching a new high of 1035 HKD per share, with a market capitalization exceeding 170 billion HKD, reflecting strong operational performance and market positioning as a high-end brand [1][2][6]. Group 1: Stock Performance - Laopu Gold's stock price increased by 23.89 times from its initial offering price of 40.50 HKD per share to 1008 HKD per share within one year of its listing [5]. - The stock reached a peak of 1035 HKD per share on June 30, 2024, marking a rise of over 18% on that day [2][4]. - The company's market capitalization grew from 6.8 billion HKD at the time of listing to 174.1 billion HKD, an increase of 167.3 billion HKD [6]. Group 2: Financial Performance - Laopu Gold reported a net profit of 4.16 billion CNY in 2023 and 14.73 billion CNY in 2024, representing year-on-year growth of 340.40% and 253.86%, respectively [1][8]. - The company's revenue for 2023 was 31.80 billion CNY, and for 2024, it is projected to be 85.06 billion CNY, showing growth rates of 145.60% and 167.51% [8]. Group 3: Expansion and Market Strategy - The opening of new stores, particularly in high-end locations like Shanghai and Singapore, has significantly contributed to the company's revenue growth [9][10]. - Laopu Gold plans to expand further in Southeast Asia, with analysts predicting a compound annual growth rate of 68% in sales and 76% in net profit from 2025 to 2027 [11]. - The successful launch of the Singapore store is seen as a critical step towards establishing Laopu Gold as a global brand [11].

Group 1 - International gold price closed at $3312 per ounce, while domestic gold price was at 767.4 yuan per gram, and Hong Kong gold price reached 37120 HKD per tael, indicating market dynamics influenced by supply and refining costs [1] - Domestic gold recovery price was 755 yuan per gram, slightly lower than the basic gold price, reflecting market supply and demand factors [1] Group 2 - Major brand gold jewelry prices showed slight variations, with Chow Tai Fook and Luk Fook Jewelry both priced at 998 yuan per gram, while Chow Sang Sang dropped by 10 yuan to 996 yuan per gram [2] - Other brands maintained stable prices, with notable prices including 1002 yuan for Lao Feng Xiang and 989 yuan for Cai Bai Jewelry [2] Group 3 - In the Shenzhen Shui Bei wholesale market, prices for different gold purities were 778 yuan for 999 gold, 779 yuan for 999.9 gold, and 780 yuan for 999.99 gold, indicating a structured pricing system based on purity [4] - Platinum was priced at 364 yuan per gram, and 18K gold at 587 yuan per gram, showcasing the diverse product offerings in the market [4] Group 4 - Gold recovery prices varied by purity, with high purity gold (99.9% - 99.999%) at 755 yuan per gram, while 22K, 18K, and 14K gold were priced at 668 yuan, 543 yuan, and 426 yuan respectively [5] - Platinum, palladium, and silver recovery prices were 289 yuan, 226 yuan, and 6.8 yuan per gram respectively, reflecting their market values [5] Group 5 - The 2025 version of the Panda gold set was priced at 47392 yuan per set, with individual Panda gold coins ranging from 1121 yuan for 1 gram to 480000 yuan for 1 kilogram, highlighting the impact of collectibility on pricing [5] Group 6 - Shanghai Gold Exchange reported slight declines in AuT D and mAuT D prices, with changes of -0.32% and -0.41% respectively, while silver T D prices increased by 0.68% [6] - The exchange provided detailed data including opening, highest, lowest, and previous closing prices, which are crucial for market analysis [6] Group 7 - The emergence of "gold ATM machines" in Changsha represents a new trading model, allowing for self-service buying and selling of gold, enhancing transaction efficiency and user experience [7] - The technology employed ensures transparency and security in transactions, marking a significant innovation in traditional gold trading [7]

Core Viewpoint - The stock price of Lao Pu Gold surged nearly 18% to a record high of 1,035 HKD per share following the opening of its first overseas store in Singapore, with a closing price of 1,008 HKD and a market capitalization exceeding 170 billion HKD (approximately 155.16 billion RMB) [1] Group 1: Store Opening and Performance - Lao Pu Gold opened its first overseas store at Marina Bay Sands in Singapore, marking its expansion beyond Greater China [2] - The new store had a promotional event offering a 10% discount during its opening weekend, attracting a significant number of local consumers, primarily of Chinese descent [3] - The store covers an area of approximately 110 square meters, with product pricing aligned with the Greater China market, adjusted for exchange rates [3] Group 2: Strategic Positioning and Market Insights - The choice of location at Marina Bay Sands reflects Lao Pu Gold's strategy to target high-spending customers in premium shopping areas, aiming to create a luxury brand image [5] - The average monthly sales per square meter at Marina Bay Sands is projected to be around 223,800 HKD (approximately 29,000 USD), which is higher than Lao Pu Gold's locations in Beijing and Macau [6] - The brand's expansion into overseas markets is partly due to the saturation of the domestic market, with plans to open 29 self-operated stores in mainland China by the end of 2025 [8] Group 3: Target Demographics and Product Focus - Lao Pu Gold aims to attract male consumers, who currently account for 70% of its gold product sales, by expanding its in-store displays for gold products [9] - The brand's international strategy focuses on increasing market size and influence, aspiring to become a profitable international gold brand rather than merely a showcase [10] Group 4: Competitive Landscape and Challenges - The decision to enter Southeast Asia, particularly Singapore, is driven by the high percentage of Chinese heritage residents and their strong purchasing power [14] - Lao Pu Gold faces competition not only from local jewelry brands but also from established international luxury brands, which poses a challenge for its brand positioning [15] - The competitive landscape in Singapore is described as mature and active, with limited high-end retail space available, intensifying competition among luxury brands [16] Group 5: Operational Challenges and Future Outlook - Lao Pu Gold's direct store management model may encounter challenges in different overseas markets due to varying legal and operational requirements [20] - The brand's strategy of avoiding lower-tier cities in favor of high-end shopping districts may limit its expansion opportunities, as suitable locations are scarce [21] - The company has registered a wholly-owned subsidiary in Singapore with a capital of 10 million SGD, indicating its commitment to establishing a presence in the region [22]

以下文章来源于中国企业家杂志 ，作者苗诗雨 中国企业家杂志 . 讲好企业家故事，弘扬企业家精神 "黄金热"之下，这家拥有超过4100家门店的连锁珠宝品牌商吃到红利。此前，作为珠宝行业公认的前五大品牌（周六福之外，还有周大福、老凤祥、周大 生、中国黄金）之一，它是唯一一家没有登陆资本市场的企业。三次尝试A股IPO失败之后，周六福创始人李伟蓬、李伟柱两兄弟此次终于在港股完成夙 愿。 但在20多年的发展史中，周六福和"李氏兄弟"的灵魂人物李伟柱一直饱受争议。 最大的争议点自然是其"重加盟、轻直营"的商业模式，这在极其讲究品牌历史沉淀和信誉度的珠宝首饰领域，被认为是"异类"。但无法否认的是， 周六福是 入行最晚的，也是拓店4000家最快的品牌商，后来居上势必对应着一些非常规手段。 李伟柱的营销天赋也是"双刃剑"。媒体但凡提到周六福，都会拿"周大福山寨版"打趣它。周六福以"周"姓开头，但创始人并不姓周。创立初期，港资品牌在 国内市场盛行。不得不说，李伟柱取的这个名字，"双押"周大福和六福珠宝两个品牌，在其最核心的目标市场——三、四线城市中，有很强的"引导"性。 这也让周六福在一个传统行业中势如破竹。行业内直到现在都在流 ...

| 投资者关系 | 特定对象调研 □分析师会议 | | | --- | --- | --- | | 活动类别 | □媒体采访 业绩说明会 | | | | □新闻发布会 □路演活动 | | | | □现场参观 | | | | 其他（电话会议） | | | 参与单位名称及 | 农银基金、国海证券、华商基金、博时基金、兴业证券、财通基 | | | 人员姓名 | 金、百年人寿保险、银河基金、南方基金、万家基金、信达澳亚、 | | | | 惠升基金、财通基金、红塔红土基金、华鑫证券、信达证券共 16 | | | | 家机构相关人员。 | | | 时间 | 2025 年 6 月 5 日-2025 年 6 月 30 日 | | | 地点 | 公司会议室 | | | 上市公司接待人 | 董事副总经理、财务负责人兼董事会秘书：黄水荣 | | | 员姓名 | IR 负责人：宾蓓 | | | | 司难以实施股份回购。为保障股东权益，公司将持续推行稳定的现金分红 | | | 投资者关系活动 | 政策，以此回馈股东。 | | | 主要内容介绍 | 尽管 2024 年归母净利润同比仍有所下降，但公司的经营现金流稳健， | | | ...

摩根大通分析师在6月23日至24日的实地调研中发现，该店客流量持续高位运行，成交转化率超95%，每小时订单量达4-10笔。消费者画像与品牌定位契 合，且店铺陈列、服务标准与内地一线旗舰店持平。基于门店强劲表现，摩根大通重申"增持"评级，目标价从1149港元上调至1249港元，并预测2025-2027 年公司销售额及净利润复合增长率将分别达68%和76%，同期盈利预测上调11%-13%。 申万宏源分析认为，新加坡门店坪效有望超越澳门威尼斯人店。其产品组合与定价策略与内地保持一致，叠加开业期间黄金十字架新品发布及限时折扣，有 效激发消费热情。该行认为，此次海外首店落地标志着老铺黄金从区域品牌向全球化迈进的关键一步，中长期成长空间广阔。 此外，开源证券研报指出，6月28日老铺黄金在中国奢侈品地标之一的上海国金中心正式开业。门店位于LG1层，开业当天采取满千减百活动并享受商场3倍 积分，销售火热，排队时长接近2小时。国金中心店是老铺黄金在上海开设的第3家门店，预计年内老铺黄金还将在上海新天地、上海恒隆广场等高端商圈开 店，持续密集加码上海。截至2025年4月，老铺黄金已完成国内全部头部商业中心签约，未来除新拓渠道之外 ...

Core Viewpoint - The Hang Seng Consumption Index (HSCGSI) has shown significant growth, with key stocks like Lao Pu Gold and Youbao Online experiencing substantial increases, indicating a positive trend in the consumer sector [1][2]. Group 1: Market Performance - As of June 30, 2025, the HSCGSI rose by 0.97%, with Lao Pu Gold (06181) increasing by 14.60%, reaching a record high of over 1000 HKD [1]. - The Hang Seng Consumption ETF (159699) also saw a rise of 0.98%, with a cumulative rebound of over 15% since its low on April 8 [1]. - The ETF's trading volume was 4.93%, with a total transaction value of 57 million HKD, and it has an average daily transaction of 107 million HKD over the past year, ranking first among comparable funds [1]. Group 2: Key Stocks and Weighting - The top ten weighted stocks in the HSCGSI account for 60.86%, with notable companies including Pop Mart (09992) and Anta Sports (02020) [2]. - Pop Mart holds the highest weight at 11.04%, reflecting its significant presence in the new consumption sector [2]. Group 3: Company Insights - Lao Pu Gold's new store in Singapore has exceeded expectations, with high customer traffic and a conversion rate above 95%, indicating strong market demand [2][3]. - Morgan Stanley analysts have upgraded Lao Pu Gold's target price from 1149 HKD to 1249 HKD, forecasting a compound annual growth rate of 68% for sales and 76% for net profit from 2025 to 2027 [2]. - The new store's product mix and pricing strategy align closely with those in mainland China, enhancing its attractiveness to consumers [3].