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name
LFX
600612.SH
Lao Feng Xiang Co., Ltd. operates in the jewelry industry in the People's Republic of China and internationally. The company researches, designs, produces, and sells gold, silver, platinum, diamonds, jade, pearls, gold inlays, colored gemstones, enamel, red coral, and other jewelry, as well as K gold glasses, and craft travel souvenirs. The company was formerly known as China First Pencil Co., Ltd.
306.36 B
600612.SHMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
C
Apparel, Accessories and Luxury GoodsIndustry
Industry Ranking19/53
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreC
    • ROE12.79%B
    • Profit Margin3.09%C
    • Gross Margin7.03%E
  • Growth ScoreD
    • Revenue YoY-15.72%E
    • Net Profit YoY-20.45%D
    • Total Assets YoY2.89%C
    • Net Assets YoY4.32%C
  • Cash ScoreC
    • Cash Flow Margin3240.04%A
    • OCF YoY-15.72%E
  • Operating ScoreA
    • Turnover2.13A
  • Debt ScoreB
    • Gearing Ratio39.25%B

Valuation analysis

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Institutional View & Shareholder

Analyst Ratings

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    News
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    The market price of Shuibei has been set, material suppliers have suspended shipments, and some manufacturers have resumed normal operations

    The market price of Shuibei has been determined, based on the rise in domestic gold prices. Brands like Chow Tai Fook and LFX have also raised their gold prices accordingly. The gold industry is undergoing an adjustment period, from a decline in customer traffic for retailers to strategic adjustments by wholesalers, and then to a wait-and-see approach by upstream material suppliers

    Wallstreetcn·
    SH
    600612
    +0.38%
    HK
    01929
    +0.14%
    Wallstreetcn·
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    600612
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    HK
    01929
    +0.14%

    The brand gold store of "China News" indicates that the upstream gold price has increased by 70 yuan, and the gold bars are temporarily out of stock, "we will talk about it when they are sold out."

    New regulations on gold taxation have been implemented in mainland China, increasing the costs for jewelry retailers by approximately 7%. Some merchants have removed gold bars from their shelves, with the price per gram exceeding 1200 yuan. Most gold shops continue normal sales, with CHOW TAI FOOK and LFX gold bars priced at 1170 yuan per gram, and Luk Fook at 1168 yuan. The heads of brand gold shops stated that the upstream gold price has risen by 70 yuan, leading to a suspension of new purchases, without passing the costs onto consumers. Dongshan Department Store is assessing market reactions and has not observed an increase in purchases by citizens due to the new policy

    etnet·
    US
    GLD
    +0.06%
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    600612
    +0.38%
    HK
    01929
    +0.14%
    etnet·
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    GLD
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    +0.38%
    HK
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    Morgan Stanley: After confirming the increase in VAT costs, gold brand merchants will raise prices, expecting market consolidation

    Morgan Stanley's report pointed out that after China canceled the value-added tax deduction on gold retail, gold brand merchants confirmed an additional 7% value-added tax would be imposed, resulting in a price increase of about 5% for gold jewelry. It is expected that the market will see consolidation, with small and medium-sized retailers facing a higher risk of store closures. LFX and CHOW TAI SENG are significantly impacted, followed by CHOW TAI FOOK, while old gold shops are in a relatively advantageous position

    AASTOCKS·
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    002867
    -0.08%
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    01929
    +0.14%
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    +0.38%
    AASTOCKS·
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    The price of gold jewelry has risen back to 1200 yuan overnight

    After ending a four-day decline, the international gold price saw domestic gold jewelry prices rise back to 1200 yuan per gram overnight. On October 31, inquiries into relevant brands revealed that on that day, CHOW SANG SANG gold jewelry was priced at 1203 yuan per gram, an increase of 28 yuan per gram from the previous day's 1175 yuan/gram; LFX pure gold was priced at 1200 yuan per gram, up 17 yuan per gram from the previous day's 1183 yuan/gram; and Lao Miao gold pure gold was priced at 1193 yuan per gram, an increase of 14 yuan per gram from the previous day's 1179 yuan/gram. The aforementioned brands have all ended their consecutive four-day price decline

    Zhitong·
    SH
    900905
    +0.20%
    US
    GLD
    +0.06%
    HK
    00116
    +1.93%
    Zhitong·
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    900905
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    GLD
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    HK
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    Domestic brand gold jewelry prices are falling in sync

    CHOW SANG SANG's 24K gold jewelry price is 1253 CNY/gram, down 28 CNY/gram from yesterday's 1281 CNY/gram. Lao Miao's 24K gold jewelry price is 1262 CNY/gram, down 17 CNY/gram from yesterday's 1279 CNY/gram. LFX's 24K gold jewelry price is 1258 CNY/gram, down 22 CNY/gram from yesterday's 1280 CNY/gram

    Zhitong·
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    600612
    +0.38%
    HK
    00116
    +1.93%
    US
    GLD
    +0.06%
    Zhitong·
    SH
    600612
    +0.38%
    HK
    00116
    +1.93%
    US
    GLD
    +0.06%
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