The price of gold has hit a record high. How can gold sellers find the "second bucket of gold"?

  Chinanews. com December 5 th (Zhongxin Finance reporter Zuo Yukun) The price of gold has climbed to a record high.

  On December 4, Beijing time, futures gold and spot gold opened sharply higher in the morning. COMEX gold futures stood at the $2,150/oz mark, and spot gold rose to $2,144/oz. Although it has declined since then, a "new high" has been born.

  Under the hot situation, gold and jewelry companies have once again ignited the enthusiasm for listing, and they have handed in their watches to attack IPO.

COMEX gold price trend in 2023.
  COMEX gold price trend in 2023.

  "The big gold bracelet on your hand is more valuable."

  At the beginning of this week, the price of gold continued to rise and broke the "ceiling" again.

  New york gold futures (referred to as "COMEX gold") and London spot gold once both broke through the $2,100/oz mark in early Asian session on December 4th. COMEX gold futures hit a maximum of $2,152.3 per ounce in intraday trading; Spot gold in London rose to a maximum of $2,144.68 per ounce, both of which continued to hit record highs.

  Industry analysts believe that the rise in gold prices is related to the recent performance of the US dollar. According to reports, last week, the Federal Reserve reiterated that it would be cautious and tried to downplay the expectation of interest rate cuts, but the market did not buy it. On the contrary, Wall Street’s expectation of interest rate cuts was further strengthened, pushing the price of gold to continue to rise. In addition, the US economic data showed a more obvious weakening, resulting in a significant drop in the interest rate of US debt and the US dollar, which also benefited the price of precious metals.

  In addition, the data released by the World Gold Council on October 31 showed that the global central bank purchased 337 tons of gold net in the third quarter, which was the third highest quarterly net gold purchase in history. Although it failed to break the record in the third quarter of 2022, the central bank’s demand for gold purchases since the beginning of 2023 has reached 800 tons, setting a new record since the association has this data. Central banks are expected to maintain strong demand for gold purchases for the rest of this year.

  Practitioners have also felt this shock. Mr. Yu, who is engaged in gold jewelry business in Shenzhen Shuibei, told Zhongxin Financial reporter on the 4th: "Yesterday, there were some gold prices in Shuibei below 480 yuan/gram, and today the highest point actually reached 495g/yuan, although it fell back in the afternoon, but it is really rare to see such a big increase in one day."

  "Daikin bracelets" and "Daikin necklaces" also rose in value. The reporter learned that on the 4th, the domestic gold price of gold jewelry brands such as Chow Tai Fook, Luk Fook Jewelry and Chaohongji continued to rise compared with the previous day, and many of them have exceeded 630 yuan/gram.

  "Recently, the price of gold was relatively cheap during the period of’ October 1st’, and the price of gold jewelry was more than 580 yuan without being reduced. Since then, it has been rising. In the middle and late October, the price of grams has already fallen above 600 yuan. " A salesperson of Chow Tai Fook told reporters.

  In the face of rising gold prices, consumers are inevitably happy and worried. I want to make a move, and I want to sigh. But besides you and me, there are still some people and enterprises that are experiencing the "golden torment", and they are the gold jewelry companies that want to go public.

Data Map: People buy gold ornaments in shopping malls. < a target =' _ blank' href =' https://www.chinanews.com/'> China News Service < /a > reporter Lv Mingshe.
  Data Map: People buy gold ornaments in shopping malls. China News Service reporter Lu Mingshe

  "Hot" seeks listing, and gold jewelry companies queue up for IPO.

  The soaring gold price and the enthusiasm of terminal consumption have once again ignited the desire of gold jewelry companies to seek listing.

  Recently, Laopu Gold, known as the first gold jewelry company in China to promote the concept of "ancient gold", launched an impact on the IPO of Hong Kong stocks. This is the second time that Laopu Gold has hit the capital market. Previously, it sought a listing in A shares in 2021, and it was cancelled the day before the meeting. The company has also been questioned by the market because of negative cash flow, high inventory and the transfer of suppliers’ interests.

  The popularity of the national tide continues, and the old shop gold with high-end positioning also has a higher gross profit level. From 2020 to the first half of 2023, its gross profit margin was 43.1%, 41.2%, 41.9% and 41.7% respectively, which is very high in the whole gold jewelry market.

  In the prospectus submitted by Laopu Gold this time, it also introduced its own products with quite a style. For example, gold inlaid products such as rose window necklace, butterfly clavicle necklace and bindilian treasure box gold ware; All-gold gold products, such as silk safety buckle, Ruyi Xiangyun pattern bracelet, one-horned magic symbol, etc.

  Coincidentally, Mengjinyuan Gold Jewelry Group Co., Ltd. (referred to as "Mengjinyuan") also submitted a listing application to the main board of the Hong Kong Stock Exchange in September this year. Before the listing in Hong Kong, Mengjinyuan also failed to hit the A-share IPO.

  Mengjinyuan has positioned itself as "China high-purity seiko gold jewelry expert" and is one of the few gold jewelry brands that can mass-produce 999.9 gold jewelry. It also claims that the company has made breakthrough achievements in the fields of gold purification and precision manufacturing. According to the disclosure in the prospectus, on the whole, the performance of Mengjinyuan is on the increase.

  Although the income ranks high, the gross profit margin of Mengjinyuan is less than 6% in the past three years because of the high proportion of plain gold ornaments in the product structure, while the gross profit margins of peers such as Chow Tai Fook and Zhou Shengsheng are all higher than 20% in 2022. In addition, most gold jewelry brands mainly purchase gold from Shangjin Institute, while Mengjinyuan mainly focuses on "exchange of old materials" for a long time. Previously, when Mengjinyuan applied for listing in A-shares, these issues were the focus of regulatory attention.

  Leofoo Jewelry is also a gold jewelry company that is also exploring on the way to listing. As early as May 2019, Leofoo had pre-disclosed the prospectus for the first time. After that, there were twists and turns, and three A-share IPOs failed. The most recent one was on November 8 this year, when Shenzhen Stock Exchange decided to terminate the review of the initial public offering of Leofoo Jewelry and its listing on the main board. Some people think that Leofoo may follow the example of Laopu Gold and Mengjinyuan and switch to IPO of Hong Kong stocks.

  It is found that the well-known enterprises in the industry have basically set foot on the capital market. Chow Tai Fook, Zhou Shengsheng and Luk Fook Group are listed in Hong Kong stocks, while enterprises such as Lao Fengxiang, China Gold and Zhou Dasheng are listed in A shares. Other brands are really "hard not to be jealous".

  "In mainland A-shares, the market valuation of such enterprises is generally not high, and it is not an innovative industry, so it is difficult to go public; Relatively speaking, companies such as Hong Kong stocks are listed more, and the threshold is low, and the valuation comparison is relatively intuitive, so they seek to go public in Hong Kong. " Pan Helin, co-director and researcher of the Digital Economy and Financial Innovation Research Center of Zhejiang University International Joint Business School, told reporters. (End)

Going Green —— Three Ecological Stories along the Yangtze River

  Xinhua News Agency, Nanchang, July 21st Title: Go green &mdash; &mdash; Three ecological stories along the Yangtze River

  Xinhua News Agency reporter Chen Zhuzuo

  Entrepreneurs who return to the countryside from big cities, "experience officers" of urban life on the banks of Xunyang River, and "researchers" in the aquarium & HELIP; &hellip; The reporter recently visited many places in Jiujiang, Jiangxi, and three ecological stories were impressive.

  Entrepreneurs returning to the countryside from big cities

  "Eat an iced watermelon first, and then a housekeeper will take you to the cabin after the formalities are completed." The person talking to the tenant in front of him is Lu Xianfeng, the head of Yueshan Residential Quarter in Changshui Village, Luoping Town, Wuning County, Jiujiang City. This is his sixth year of "treasure hunting" in Changshui Village.

  In 2016, Lu Xianfeng, who worked in Tangshan for three years, became the head of the northern market of a travel company. Seeing that the mountains and rivers in his hometown contain business opportunities, he quit his job in the city and returned to his hometown to invest in the development of the homestay industry. Just after the Spring Festival in 2017, the B&B broke ground.

  The picture shows the wooden house in the forest where Yueshan residents live in Changshui Village, Luoping Town, Wuning County. Xinhua News Agency reporter Guo Jiewen photo

  Main business operation, multi-point extension. Today, the B&B has 21 wooded cabins and 60 standard rooms, which are built by the mountains and rivers, and carry out business such as agricultural product sales, catering, leisure and entertainment. In May this year, it received more than 2,500 passengers.

  Seeing that Lu Xianfeng did a good job, local villagers also joined in, vigorously developing rural tourism, under-forest economic industries and characteristic homestays. In 2022, the village collective income reached 1.39 million yuan, an increase of 33.8% over the previous year.

  The "experience officer" of urban life along Xunyang River.

  "Not enough, not enough at all." Yang Jie, a citizen of Jiujiang, told reporters that since Pipa Bookstore opened, she has been in the bookstore almost every weekend morning. "I will order a cup of coffee on the first floor and then choose a book on the second floor to read it carefully."

  Pipa Bookstore is located in Changjiang National Cultural Park (Jiujiang Section), Xunyang District, Jiujiang City. There are not only more than 5,000 books for free reading, but also coffee shops and tea rooms with Xunyang cultural characteristics on the first and third floors respectively. Since its opening in June this year, about 25,000 people have come here to "enjoy books and enjoy culture".

  "Last week, I was in the bookstore with two friends in the morning and went to the Pipa Pavilion not far apart in the afternoon to see the immersive exhibition Pipa Travel, which was particularly shocking." Yang Jie said.

  The picture shows the citizens reading books in the Pipa Bookstore of the Yangtze River National Cultural Park (Jiujiang Section). Xinhua News Agency reporter Guo Jiewen photo

  Show the Millennium context and create a "show belt" of emerging culture. Jiujiang makes full use of the natural scenery and Xunyang cultural characteristics of the Yangtze River coastline to create the "most beautiful coastline" of the Yangtze River National Cultural Park (Jiujiang section). Nowadays, cultural landmarks such as Pipa Pavilion, Xunyang Building and Pipa Bookstore are connected in series, and the "Xunyang River Fun Summer Party" in Zhenbuffalo Square enriches the night economic consumption format.

  Before leaving the bookstore, Yang Jie took a photo and sent it to a circle of friends. The essay wrote: "Read ten thousand volumes of poetry books, visit the cultural Yangtze River, and the happiness index of urban life is up up up!"

  The little "researcher" in the aquarium

  In China finless porpoise bay (Hukou) aquatic biological protection base, there are children everywhere. Next to an aquarium, the reporter heard a young but determined voice.

  "This one is a sturgeon, and this one with an oblique rectangular shape and black stripes is a mullet &hellip; &hellip;” Zhu Guoyuan, a 9-year-old tourist, took his mother to talk in front of the aquarium. Zhu Guoyuan’s mother said: "He likes all kinds of fish since he was a child, so he just took advantage of the summer vacation to take him to visit."

  China finless porpoise bay (Hukou) aquatic biological protection base is located on the bank of Poyang Lake in Hukou County, Jiujiang City, which integrates aquatic biological protection and popular science education. Since its trial operation on December 31, 2022, it has received more than 150,000 tourists.

  "When I was his age, many creatures in the Yangtze River could only be seen in textbooks. Now it is very different. The environment of the Yangtze River is getting better and better, and there are such protection bases." While speaking, Zhu Guoyuan asked his mother to see his new discovery &mdash; &mdash; A popular science exhibition machine, choose classification and point name, and display rich graphic, audio and video content in front of you.

  Zhu Guoyuan said, "My classmates call me &lsquo; Encyclopedia of Fish &rsquo; I hope that when I grow up, I still have the opportunity to continue to study them. "

The maximum battery life is 901km, and Lantu’s bosom friend will be listed on October 13

Recently, Tiantian Automobile learned that Lu Fang, CEO of Lantu Automobile, said that it will be officially listed on October 13. It is understood that the new car, as the first model developed by the new generation of self-developed pure electric platform, only launched the pure electric version of the model, based on the 800V platform, the maximum battery life can reach 901 km, and the pre-sale price is 20.99-26 6,900 yuan.

Screenshot 2024-09-25 16.34.27Screenshot 2024-08-27 14.22.47

In terms of appearance, a closed front grille is used with sharp and narrow headlight sets on both sides, the brand logo is inlaid in the middle, and larger lamp sets are equipped on both sides for embellishment to match the through front surround. Two ventilation holes are integrated in the front cabin cover, which can evenly separate the air to both ends of the airway at high speed and provide downforce. The entire front looks very delicate and has a high degree of recognition.

Screenshot 2024-09-25 17.18.03Screenshot 2024-09-25 17.18.29

On the side of the car body, the side lines of the new car are very rich, and the design of the two-color body is adopted. With the back-mounted roof, luggage rack, and hidden door handle design, the whole body looks very sporty and has a good sense of line.

Screenshot 2024-08-27 14.23.17

In the rear part of the car, the rear design of the new car is full and layered, with a slightly prominent "ducktail" design, equipped with a light source structure similar to arrow feathers inside the through rear taillight group, matching the sporty rear surround, the new car looks good as a whole. The length, width and height of the new car are 4725/1900/1636 (1653) mm, and the wheelbase is 2900mm.

Screenshot 2024-08-27 14.23.27Screenshot 2024-09-13 17.40.32

In terms of interior, the interior of the new car is embellished with a large number of straight lines, equipped with a dual-format, small-size LCD screen, and more information is obtained through the AR-HUD head-up display. It is worth mentioning that the central control screen of the new car can be slid to the side of the passenger, and the front position of the passenger is also equipped with electric small table boards and zero-gravity seats and other comfortable configurations. The overall interior design looks very simple and atmospheric and has a certain sense of technology atmosphere.

Screenshot 2024-09-13 17.41.01

In terms of power, the new car is built on the 800V platform, and two-wheel drive and four-wheel drive versions are launched. The maximum power of the rear motor of the two-wheel drive version is 215kW or 230kW, and the driving range is 625km, 650km and 901km respectively. The front and rear motors of the four-wheel drive version are 160kW, and the driving range is 570km. For more news about the new car, we will continue to pay attention.