中国珠宝 - 2026 展望：行业增长放缓，聚焦个股机会 - 买入老铺黄金_ China Jewelry - 2026 Outlook_ Milder industry growth, focus on idiosyncratic opportunities - Buy Laopu

Feb 2026 Xinyu Ruan Goldman Sachs (Asia) L.L.C. (852) 2978-7347 Xinyu.Ruan@gs.com Milder industry growth in 2026E with focus on idiosyncratic opportunities; Buy Laopu China Jewelry 2026 outlook Goldman Sachs does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment de ...