Lao Feng Xiang: Revenue in Q1 2026 was RMB 13.703 billion, a year-on-year decrease of 21.57%.

Lao Fengxiang announced that its revenue in the first quarter of 2026 was 13.703 billion yuan, a year-on-year decrease of 21.57%. By industry, sales of pens, jewelry, gold trading, handicrafts, and other income decreased by 26.62%, 11.18%, 72.23%, and 7.44% respectively; By region, domestic and overseas sales decreased by 21.46% and 29.12% respectively. The comprehensive gross profit margin was 12.75%, an increase of 3.69 percentage points year-on-year, and retail revenue in Shanghai's direct stores increased by 9.56% year-on-year. As of the end of March, the "Lao Fengxiang" brand has a total of 5,170 chain marketing outlets.