---
title: "《大行》花旗：老鋪黃金新一輪產品平均加價 25% 超預期  料下半年毛利率回穩"
description: "花旗報告指出，老鋪黃金上調產品售價，平均加價幅度達 25%，超出預期。預計下半年毛利率將回穩，並預測明年毛利率復甦。基於最新毛利率預測及黃金成本上漲，花旗調整了對公司明年及後年盈利預測，幅度為 0.5%。給予老鋪黃金「買入」評級，目標價 1,119 元。"
type: "news"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/262840747.md"
published_at: "2025-10-27T08:01:25.000Z"
---

# 《大行》花旗：老鋪黃金新一輪產品平均加價 25% 超預期  料下半年毛利率回穩

> 花旗報告指出，老鋪黃金上調產品售價，平均加價幅度達 25%，超出預期。預計下半年毛利率將回穩，並預測明年毛利率復甦。基於最新毛利率預測及黃金成本上漲，花旗調整了對公司明年及後年盈利預測，幅度為 0.5%。給予老鋪黃金「買入」評級，目標價 1,119 元。

花旗報告指，老鋪黃金 (06181.HK) 昨日 (26 日) 上調產品售價，據該行行業渠道調查顥示，平均加價幅度達 25%，高於該行預期，並高於 8 月 25 日加價以來金價的兩成升幅。

該行認為，老鋪黃金在 11 月銷售旺季前顯着加價，反映公司已實現理想銷售，亦預期下半年公司毛利率在產品加價後回穩，並基於目前金價，預期明年毛利率復甦。

該行按最新毛利率預測及黃金成本上漲，調整對公司明年及後年盈利預測，幅度為 0.5%。該行予老鋪黃金「買入」評級，目標價 1,119 元。

### Related Stocks

- [06181.HK - 老鋪黃金](https://longbridge.com/zh-HK/quote/06181.HK.md)

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