Beijing, May 5 (ZXS) -- According to the quarterly report disclosed by China's A-share gold and jewelry sales company, the sector's first-quarter performance achieved greater growth.
According to the statistics of Minsheng Securities, in the first quarter of this year, A-share listed companies with gold and jewelry as the main sales object achieved a total operating income of about 626.37 billion yuan (RMB, the same below), a year-on-year increase of 23.8%; The total net profit was about 19.69 billion yuan, a year-on-year increase of 11%.
These results are significantly better than last year. Statistics show that in 2022, A-share gold and jewelry companies will achieve a total operating income of about 1810.8 billion yuan, a year-on-year increase of 0.5%; The total net profit was about 83.65 billion yuan, down 11.7% year-on-year.
Shanghai Securities analyst Peng Yi said that since the beginning of this year, China's official policy to promote consumption has continued to make efforts, market sales have rebounded significantly, and consumption has improved significantly, especially the consumption of gold jewelry is significantly better than expected, mainly because of the rise in gold prices, new gold processes, demand release and other factors, driving the performance of relevant listed companies to grow significantly.
Among them, in the first quarter of this year, Lao Fengxiang achieved an operating income of about 245.58 billion yuan, a year-on-year increase of 33.17%; The net profit was about 7 million yuan, a year-on-year increase of 16.76%. Zhou Taisheng's revenue in the first quarter was about 1.41 billion yuan, a year-on-year increase of 22.49%; The net profit was about 65 million yuan, a year-on-year increase of 3.65%. Caibai achieved an operating income of 26.06 billion yuan in the first quarter, a year-on-year increase of 50.52%; The net profit was about 45 million, a year-on-year increase of 62.2%.
Deppon Securities analyst Zheng Chenghuai said that in the short and medium term, the market of the gold jewelry sector is the effect of the resonance of the two factors of rising gold prices and consumption recovery. From the perspective of international gold prices, global geopolitical uncertainty, uncertainty in the US recession and other factors are expected to form long-term support for gold prices. From the perspective of the pace of China's domestic consumption recovery, China's economy in the first quarter was stable and improving, consumption accelerated to pick up, gold jewelry demand was strongly supported by weddings, etc., wedding demand has the characteristics of strong planning, it is expected that the wedding season in the third and fourth quarters of this year will continue to release consumer demand. (End)