"Brother Luo Feng, let's discuss the Rich Source Gold Group first before we decide whether to take action," Li Bo Kai said, quickly moving on to the day's topic.
"No problem, go ahead," Luofeng nodded.
Chen Dali spoke first. "This group is an unlisted private company with an estimated value of about 22 billion. It's currently performing very well in the market, positioned in the mid-to-low end segment where it holds a high market share. According to data from third-party statistical organizations, last year, the group's total sales were about 16.5 billion, with net profits exceeding 1 billion."
There was no question about the profits. The mid-to-low end segment of the gold market doesn't yield profits as high as high-end gold jewelry.
"Since the group isn't listed and the gold market is very stable, with hundreds of physical stores and the group's substantial size, we can't use the stock market against them, nor can we win through offline competition," Chen Dali continued.
