Company Profile · Consumer Cyclical

Lao Feng Xiang Co Ltd A

600612 · Shanghai
Industry
黄金珠宝零售
Exchange
Shanghai
Country
China
IPO date
Jun 13, 1992
Employees
2,985
Website
www.laofengxiang.com
Price at Publication
¥34.87
Aug 9, 2026 close
Fair Buy
≤ ¥25.5
Margin-of-safety entry
Baillie Growth Score
33/100
Poor
Buffett Score
83/100
Elite
Intrinsic Value · Three-Tier Range Price at publication ¥34.87 · Within the fair intrinsic-value range

Composite valuation range · conservative ¥24–¥25.5 / fair ¥34–¥44 / optimistic ¥54–¥60. At the publication price of ¥34.87 (Aug 9, 2026), Within the fair intrinsic-value range.

Financial snapshot
Market capCN¥16.41B
Revenue (TTM)CN¥39.45B
EBITDACN¥2.24B
Profit margin3.17%
ROE10.76%
P/E (TTM)13.13
Forward P/E12.74
PEG0.52
EPSCN¥2.39
52-week rangeCN¥30.75 – CN¥52.16

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

About the company

Lao Feng Xiang Co., Ltd. operates in the jewelry industry in the People's Republic of China and internationally. It researches, designs, produces, and sells gold, platinum, diamonds, silver, white jade, jadeite, pearls, colored gemstones, enamel, K-gold jewelry eyeglasses, coral, watches, amber, brooches, and arts and crafts souvenirs. The company was formerly known as China First Pencil Co., Ltd. and changed its name to Lao Feng Xiang Co., Ltd. in July 2009. Lao Feng Xiang Co., Ltd. was founded in 1848 and is based in Shanghai, the People's Republic of China.

Background

History

Coming soonThis section is being filled in — check back soon.

Industry position

Coming soonThis section is being filled in — check back soon.

Research on this stock
33/100 Hold Lao Feng Xiang: 499 Franchise Closures and a 10.6% Jewellery Gross Margin, While the Shares at CNY 34.87 Sit 9% Above the CNY 31.9 Conservative Value Lao Feng Xiang is a 178-year-old Chinese gold-jewellery brand monetised mainly through a nationwide franchise-wholesale network of 5,355 outlets, of which only 213 are directly operated. Revenue fell 7.0% to CNY 52.82bn in 2025 and attributable profit to CNY 1.75bn as China's jewellery tonnage collapsed 31.6% and households shifted to bars and coins, while the network shed 499 franchise outlets and jewellery gross margin stayed near 10.6% against Chow Tai Fook's 32.3% and Laopu's 37.6%. Rating Hold: the balance sheet, a 4.7% dividend and a 10.8 times trailing multiple already discount much of the problem, but at CNY 34.87 the price sits 9% above the CNY 31.9 conservative value, leaving no margin of safety. Lao Feng Xiang Co., Ltd.600612 · Shanghai黄金珠宝零售Aug 9, 2026