Jewelry & Accessories H1 Report | Growth Rankings: Shandong Hiking International Posts -24.92% Revenue Decline at Bottom, Zhejiang Ming Jewelry Sees -646.62% Net Profit Drop

Deep News09-04

In the first half of 2025, the gold and jewelry industry experienced a tale of two cities amid historic gold price surges. While upstream gold mining companies collectively benefited from the "Davis Double Play" of rising gold production volumes and prices, downstream consumer-facing businesses generally faced pressure from elevated gold prices.

As of August 31, 2025, A-share listed companies in the jewelry sector have completed their 2025 interim report disclosures. We have selected 12 representative listed companies for comparative performance analysis. Based on H1 2025 growth rates, the top three companies by revenue growth were Caibai Co., Laishen Tongling, and Mankaron, with growth rates of 38.75%, 37%, and 26.79% respectively. The bottom three performers in revenue growth were Shandong Hiking International Co.,Ltd., Zhejiang Ming Jewelry Co.,Ltd., and Lao Feng Xiang, posting declines of -24.92%, -20.31%, and -16.52% respectively.

For net profit attributable to parent company, the top three performers were Diya Co., Chow Tai Fook Jewellery, and Mankaron, with growth rates of 131.61%, 44.34%, and 35.18% respectively. The bottom three performers in net profit growth were Zhejiang Ming Jewelry Co.,Ltd., Laishen Tongling, and China Gold, recording declines of -646.62%, -263.52%, and -46.35% respectively.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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