"A-Share Focus" CHOW TAI SENG slightly rises, stating that under the new gold tax regulations, the company has a cost advantage, benefiting business development
CHOW TAI SENG stated that under the new gold tax regulations, as a member of the Shanghai Gold Exchange, the company enjoys significant tax cost advantages. It is expected that the new regulations will increase the sales costs for jewelry gold retailers by about 7%. The company believes that as the industry becomes more standardized, market share will concentrate among enterprises with qualifications, scale, and brand advantages, creating a more favorable operating environment. CHOW TAI SENG's stock price opened about 0.3% lower this morning, currently up 0.5%, at RMB 13.14
According to a report from the Economic Information Agency on the 5th, the mainland recently announced the implementation of new gold tax regulations. Sales of gold purchased from the Shanghai Gold Exchange and the Shanghai Futures Exchange will no longer enjoy value-added tax deductions, and it is expected that the selling cost for jewelry gold retailers will increase by about 7%. In response to questions such as "What positive effects will the new gold tax regulations have on the company's business," CHOW TAI SENG (Shenzhen: 002867) stated on the interactive platform yesterday (the 4th) that under the new gold tax regulations, the company, as a member unit of the Shanghai Gold Exchange, has a significant tax cost advantage compared to non-member units. In the long term, as the industry operating environment becomes more regulated, market share will concentrate among leading enterprises with qualification advantages, scale advantages, and brand advantages, which also creates a more favorable operating environment for the company's business development. CHOW TAI SENG's stock price opened about 0.3% lower this morning but is currently up 0.5%, trading at 13.14 RMB. (sl)
