在第一财经记者表示目前入手价格太高时，该柜员表示， "今天我们做了好几单生意，一天的营业额将近40万。上午一开门就有一个客人，下手买了一块金 条，20多万。" 她说，该顾客手上有一笔暂时不用的资金，觉得现在存银行利率太低，不如换成金子放着。"金价越等越高，不如早点下手。" "一口价金"的涨价潮也要来了？ 连续数日上涨后，国际金价微跌，而国内品牌金店的金价也终于暂时止涨。 第一财经记者今日走访沪上金店了解到，今日部分金店的金价根据实时金价变动有所下调，不过也有部分金店的价格与昨日持平。 记者来到上海巴黎春天走访发现，即使是工作日，在多个品牌金柜处还是有三三两两的顾客前来询价。 "其实不算跌，我们就是每克下调了4元。旁边柜台（的价格）就没动过。"老庙黄金的一位柜员告诉记者，现在买黄金有优惠活动，不同的款式优惠60-120 元/克不等。今天金饰产品的挂牌价是1053元/克，加上优惠活动算下来首饰黄金大约在900多元一克。 但如今随着金价高企，利润越来越低，黄金品牌连锁公司也在转变销售策略调整产品结构，比如增加一口价这种复杂工艺的产品。中国黄金协会此前也表 示，虽然高金价抑制了黄金首饰消费，但轻克重、设计感强、附加值 ...

"一口价金"的涨价潮也要来了？ 连续数日上涨后，国际金价微跌，而国内品牌金店的金价也终于暂时止涨。 第一财经记者今日走访沪上金店了解到，今日部分金店的金价根据实时金价变动有所下调，不过也有部分金店的价格与昨日持平。 记者来到上海巴黎春天走访发现，即使是工作日，在多个品牌金柜处还是有三三两两的顾客前来询价。 "其实不算跌，我们就是每克下调了4元。旁边柜台（的价格）就没动过。"老庙黄金的一位柜员告诉记者，现在买黄金有优惠活动，不同的款式优惠60-120 元/克不等。今天金饰产品的挂牌价是1053元/克，加上优惠活动算下来首饰黄金大约在900多元一克。 但如今随着金价高企，利润越来越低，黄金品牌连锁公司也在转变销售策略调整产品结构，比如增加一口价这种复杂工艺的产品。中国黄金协会此前也表 示，虽然高金价抑制了黄金首饰消费，但轻克重、设计感强、附加值高的首饰产品依然受到青睐，这类产品使得商家盈利情况较好。 今年上半年，多家黄金零售品牌的业绩开始回暖。潮宏基2025年上半年实现营业收入41.02亿元，同比增长19.54%；归属于上市公司股东的净利润3.31亿 元，同比增长44.34%。菜百股份上半年营业收入为152.5亿 ...

Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the **gold jewelry industry**, highlighting the impact of fluctuating gold prices on consumer behavior and market dynamics [1][2][3]. Core Insights and Arguments - **Gold Price Impact**: The rapid increase in gold prices, with a notable rise of approximately **20%** in Q2 of the previous year, has led to a decline in retail consumption due to consumer hesitation. However, as the sales season approached and price increases slowed, the decline in consumption narrowed, with a recovery in retail growth observed in Q1 of this year [1][2][4]. - **Consumer Behavior**: A moderate increase in gold prices (annual growth <15%) tends to boost consumer confidence, leading to a potential rise in both volume and price. The shift towards higher weight gold products is an example of this trend [1][5]. - **One-Price Gold Products**: These products have gained popularity during periods of rapid price increases due to their controllable total price and appealing designs. This trend is reflected in the increased daily foot traffic at stores like Lao Pu Gold [1][4][6]. - **New Store Openings**: New store openings significantly increase the demand for gold jewelry procurement, prompting brands and franchisees to expand their purchasing scale to meet market demand and maintain competitiveness [1][7]. - **Market Competition**: The gold jewelry market is transitioning into a phase of stock competition, with growth driven by channels slowing down. The market share of the top five brands has doubled since 2017, but the channel dividends are diminishing, leading to a reduction in new store openings and overall industry growth [1][8][10]. Additional Important Insights - **Long-term Trends**: The future of the gold jewelry industry is expected to focus on product and brand upgrades rather than relying solely on channel expansion. Companies like Lao Pu Gold and Lao Feng Xiang are successfully differentiating their products and building strong brands [3][12]. - **Challenges**: The industry faces challenges such as reduced channel dividends, increased pressure on terminal sales, and declining investment returns. Franchisees need to attract more foot traffic, which impacts sales and profits [11]. - **Valuation and Dividends**: Major gold jewelry companies are currently valued relatively low, with P/E ratios around **13 to 14 times** for 2025. These companies exhibit strong dividend yields, ranging from **5% to 8%**, indicating a solid safety profile [17]. - **Performance of Key Players**: Companies like Lao Feng Xiang have shown strong performance, with expectations for profit revisions upwards to **3.5 billion yuan** for 2025. Their strategic store openings and promotional activities have contributed to this growth [18][19]. Conclusion - The gold jewelry industry is navigating a complex landscape influenced by gold price fluctuations, changing consumer preferences, and competitive dynamics. Future growth will likely depend on innovation in product offerings and brand positioning rather than traditional expansion strategies.

齐鲁晚报·齐鲁壹点 管悦 受国际金价持续高位运行影响，国内多个品牌足金饰品价格继续上调。4月17日，记者走访济南多家金 店发现，以周大福、六福珠宝等黄金品牌为代表的部分足金饰品挂牌价高达1028元/克。 多品牌金饰高达1028元/克 有品牌单价十天涨了115元 4月17日，COMEX黄金开盘后一度飙升至3371.9美元/盎司，再次刷新历史新高。 当日上午十点，记者在济南市历下区世茂国际广场一层黄金专区看到，足金饰品价格"水涨船高"，以潮 宏基（002345）、中国黄金（600916）、周大福等在内的多家品牌金店足金饰品挂牌价涨至1025-1028 元/克。 "今天报价1025元/克，单价比昨天涨了22元。"一家中国黄金门店店员表示，近期足金饰品价格一直在 上涨，单价从800元涨到突破千元，仅用时两个月。 上述工作人员介绍，今年以来，金价已涨超200元/克，涨幅高达25%。以40克的金手镯为例，消费者购 买成本或较年初增加约8000元。 记者注意到，以周生生为例，其足金饰品今日报价为1027元/克，较4月15日的995元/克价格上涨32元/ 克。和4月7日912元/克的价格相比，十天已涨价115元/克。 "一口 ...