Century-Old Jewelry Brand Lao Feng Xiang Achieved Revenue of 63 Billion Yuan Last Year, With a Net Increase of 664 Gold and Jewelry Stores

On March 2nd, Chinese gold and jewelry company Lao Feng Xiang (SH:600612) released its 2022 annual performance report: during the reporting period, Lao Feng Xiang achieved a revenue of RMB 63.01 billion, a year-on-year increase of 7.36%; the net profit attributable to the parent company was RMB 1.7 billion, a year-on-year decrease of 9.38%; the net profit attributable to the parent company after deducting non-recurring gains and losses was RMB 1.73 billion, a year-on-year increase of 8.66%.
On March 3rd, following the release of its performance report, Lao Feng Xiang’s stock pri …