近日，上海国际珠宝时尚功能区（下文简称功能区）招商推介大会暨2025钻石珠宝文化节启动仪式盛大 启幕。会上，"上海国际珠宝时尚功能区"揭牌，主办方发布了《关于建设上海国际珠宝时尚功能区的三 年计划（2025-2027）》。未来三年，上海国际珠宝时尚功能区将开展展会节赛牵引、招商引资促进、 空间载体建设、功能能级提升、品牌设计孵化、创新赋能升级等六大行动、24项具体任务，力争至2027 年底实现功能区建设体系的高效运行，生态功能的多元复合，产业价值的提质扩容。为支持三年计划的 高效落实，会上还发布了《关于建设上海国际珠宝时尚功能区的行动方案》，围绕集聚产业资源、提升 国际影响力、推动创新发展、强化综合服务四大方向，出台24项具体资金政策，全力推动功能区高质量 发展，构建具有全球竞争力的珠宝时尚产业生态。 引人关注的是，上海豫园旅游商城（集团）股份有限公司（下文简称豫园股份）将成为功能区的重要参 与主体之一，在空间载体建设、品牌设计孵化、展会节赛牵引、招商引资促进等诸多方面发挥积极作 用。尤为值得一提的是，功能区正是以大豫园片区为核心打造。大豫园片区的黄金珠宝产业历史根基深 厚，是上海乃至中国珠宝文化的重要发祥地 ...

Core Viewpoint - Yuyuan Group, a leading Chinese gold and jewelry enterprise, is undergoing a significant transformation period, coinciding with the establishment of the Shanghai International Jewelry Fashion Functional Zone, which will benefit the company's development [2][9]. Industry Overview - The market environment is changing, with international gold prices rising sharply, surpassing $3,500 per ounce in April 2023, leading to increased domestic gold jewelry prices, with brands like Laomiao Gold seeing prices exceed 1,000 yuan per gram [3][4]. - The gold jewelry consumption is facing challenges due to high prices, with a projected decline in domestic gold jewelry consumption to 532.02 tons in 2024, a year-on-year decrease of 24.69% [4]. Company Performance - Yuyuan Group's core brands, Laomiao and Yayi, have established a vast sales network of 4,615 outlets nationwide, with gold jewelry sales accounting for over 60% of the company's total revenue [4][6]. - The company anticipates a decline in revenue and net profit for 2024 due to insufficient demand and structural changes in consumer preferences, compounded by international gold price fluctuations [4][5]. Product Innovation - The company is focusing on product innovation to adapt to changing consumer preferences, emphasizing the integration of Chinese cultural elements and the development of popular products [5][6]. - The "Guoyun Gold" series generated nearly 7.5 billion yuan in sales last year, becoming a core product line for the company [7]. Cultural Trends - The rise of "Guochao" culture is driving a cultural return and upgrade in the gold jewelry industry, with Yuyuan Group actively promoting cultural dissemination centered around this trend [8]. - The company is implementing an "Oriental Lifestyle Aesthetics" strategy, integrating various cultural and lifestyle elements to create a unique market position [8][9]. Strategic Location - Yuyuan Group benefits from its strategic location in the Yuyuan shopping district, attracting approximately 45 million visitors annually, enhancing its market presence [9].

Core Insights - The company, Yuyuan Industrial Co., Ltd. (豫园股份), held an annual performance release meeting on March 27, 2024, where the CEO Zhang Jian discussed the development strategy and future plans in the high-end jewelry sector, particularly highlighting the performance and innovations of the brand "Dongjia Jinzhao" [1][2] Group 1: Business Strategy - Yuyuan has two well-known brands in the jewelry sector: Laomiao and Yayi. Laomiao focuses on first and second-tier cities, aiming to elevate its high-end jewelry image, while Yayi targets lower-tier cities with affordable prices and quality products [1] - In 2024, the company launched several innovative products, including the "Guhun Gold" series, which achieved sales of approximately 8 billion yuan. The pricing model shifted from weight-based to piece-based, enhancing value and competitiveness [1] Group 2: Brand Development - The "Dongjia Jinzhao" project, launched in its first year, has shown promising results. This brand, positioned as a pioneer in gold art, targets high-end consumers aged 35 and above, such as corporate executives and contemporary art collectors [1] - The brand has collaborated with contemporary artist Qiu Qijing and gold artist Wang Wang to create a series of gold art products, including artistic ornaments, lifestyle items, and high-end accessories [1][2] Group 3: Future Plans - Looking ahead, "Dongjia Jinzhao" plans to collaborate with more outstanding artists to explore the integration of gold and art, aiming to establish a contemporary Eastern aesthetic benchmark in the gold art field and become a leading brand in innovation and heritage [2]