股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 冠城鐘錶珠寶集團有限公司 呈交日期: 2026年2月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00256 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 6,000,000,000 | HKD | | 0.1 | HKD | | 600,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 6,000,000,000 | HKD | | 0.1 | HKD | | 600,000,000 | 本月底法 ...

Core Viewpoint - *ST Bosen (002569.SZ) expects to achieve a net profit attributable to shareholders of 9 million to 13 million yuan in 2025, marking a turnaround from loss to profit compared to the previous year [1] Financial Performance - The company anticipates a net profit of 9 million to 13 million yuan, with a net profit excluding non-recurring gains and losses projected at 9.9 million to 13.9 million yuan, also indicating a turnaround from loss to profit [1] - Expected operating revenue is between 120 million to 170 million yuan [1] Operational Improvements - The significant changes in the company's performance compared to the same period last year are primarily due to enhanced internal management and a focus on "cost reduction and efficiency improvement" [1] - The company has restructured its management framework and optimized inefficient processes, leading to a notable increase in overall operational efficiency and a reduction in unnecessary losses and expenses [1] Business Development Strategies - The company is actively expanding its business by fully mobilizing internal resources and optimizing its marketing layout to maximize overall effectiveness [1] - Efforts include actively acquiring new customers and maintaining good relationships with high-quality major clients to ensure business stability [1] - The company has implemented a group purchase order customization strategy to revitalize existing inventory and has intensified efforts in accounts receivable collection by establishing a special collection team [1]

Group 1 - The company Zhejiang Busen Fashion Co., Ltd. has recently experienced a freezing of its bank accounts due to service contract disputes and labor disputes involving its subsidiary Hangzhou Busen Fashion Co., Ltd. [1] - The total amount frozen across the company's accounts is 1,612,955.75 yuan, which represents 32.141% of the company's audited monetary funds for the year 2024 and 4.678% of the company's audited net assets for the same year [1] - Despite the freezing of funds, the company states that other bank accounts remain operational, and this situation will not significantly impact the company's cash flow or normal business operations [1] Group 2 - The company will fulfill its information disclosure obligations in accordance with relevant laws and regulations as the situation progresses [2] - The board of directors emphasizes that all official information regarding the company will be published in designated media outlets, including Securities Times, Securities Daily, China Securities Journal, and the Giant Tide Information Network [2]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 冠城鐘錶珠寶集團有限公司 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00256 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 6,000,000,000 | HKD | | 0.1 | HKD | | 600,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 6,000,000,000 | HKD | | 0.1 | HKD | | 600,000,000 | 本月底法定/註 ...

Market Overview - The A-share market experienced narrow fluctuations in the morning session, with the AI hardware sector and other hot topics undergoing adjustments, leading to a decline in the ChiNext index by over 1% [2] - As of the midday break, the Shanghai Composite Index was at 3962.24 points, down 0.07%, while the Shenzhen Component and ChiNext indices fell by 0.67% and 1.10%, respectively [2] Commercial Aerospace Sector - The commercial aerospace concept maintained strong performance on the last trading day of the year, with multiple stocks hitting the daily limit, including Shunhao Co., which reached a historical high after just two minutes of trading [5] - Shunhao Co. has seen a cumulative increase of 128% this month [5] - Other companies in the sector, such as China Satellite and Beidou Xingtong, also achieved daily limit gains [5] Policy and Regulatory Developments - The National Defense Science and Technology Industry Administration emphasized the need for innovative thinking and measures to accelerate the high-quality development of the aerospace industry, focusing on enhancing technological innovation capabilities and advancing key projects like reusable rockets and international lunar research stations [6] - On December 26, the Shanghai Stock Exchange released guidelines for the fifth set of listing standards for commercial rocket companies on the Sci-Tech Innovation Board, aiming to support the development of technology-driven enterprises that break through key core technologies [7]

Market Overview - A-shares showed significant divergence on the 18th, with the Shanghai Composite Index slightly rising by 0.16% to 3876.37 points, while the Shenzhen Component Index fell by 1.29% and the ChiNext Index dropped by 2.17% [1] - The total trading volume in the Shanghai, Shenzhen, and North markets was 16,770 billion yuan, a decrease of 1,575 billion yuan from the previous day [1] Banking Sector - The banking sector saw a notable rise, with Shanghai Bank and Chongqing Rural Commercial Bank increasing by over 3%, while major banks like Ningbo Bank, China Construction Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China rose by more than 2% [2] - The Central Economic Work Conference emphasized fiscal and investment support, creating a favorable environment for banks to expand their balance sheets and provide medium to long-term loans [2] - Analysts from China International Capital Corporation (CICC) noted that banks have entered a high-quality development phase, with some listed banks experiencing double-digit profit growth year-on-year [2] AI Healthcare Sector - The AI healthcare concept saw strong gains, with stocks like Jiahe Meikang and Huaren Health hitting the daily limit of 20% increase, while Weining Health rose over 11% [3][4] - The rapid growth of the "Ant Health" app, which surpassed 15 million monthly active users, indicates a significant market interest in AI healthcare solutions [5] - The AI healthcare market in China is projected to grow from 2 billion yuan in 2019 to 6.4 billion yuan in 2023, with an expected compound annual growth rate of 43.1% from 2023 to 2033 [5] Commercial Aerospace Sector - The commercial aerospace concept became active again, with Xice Testing rising over 12% and several other companies like Shunhao Co., Tianjian Technology, and Western Materials hitting the daily limit [6][7] - Analysts from CITIC Securities highlighted that the commercial aerospace industry is entering a new era supported by national policies and technological breakthroughs [9] - The industry encompasses various segments, including remote sensing applications, satellite control systems, and space computing, indicating a broad scope for investment opportunities [9]

Core Viewpoint - The company *ST Bosen (002569.SZ)* plans to reduce its investment in Shaanxi Bosen Apparel Intelligent Manufacturing Co., Ltd. by 49 million yuan to mitigate operational and financial risks associated with its equity investments [1] Group 1: Investment Reduction - The company holds a 35% stake in Shaanxi Bosen and intends to decrease its investment from 70 million yuan to 21 million yuan [1] - Following the reduction, the company's ownership percentage in Shaanxi Bosen will decrease to approximately 13.91% [1] - The reduction will be executed after fulfilling internal decision-making procedures and obtaining approval from the shareholders' meeting of Shaanxi Bosen [1] Group 2: Future Considerations - The remaining equity and investment arrangements will be evaluated based on Shaanxi Bosen's operations, debt recovery, and subsequent plans, with compliance to disclosure obligations [1]

Market Overview - The Shenzhen Component Index closed at 13,202.52, down by 0.42% while the Shanghai Composite Index fell to 3,884.24, down by 0.13% [1] - The ChiNext Index decreased to 3,164.09, down by 0.95% [1] - Sectors such as liquor, controllable nuclear fusion, food and beverage, and engineering machinery showed gains, while sectors like CPO, lithium mining, chips, non-ferrous metals, and real estate experienced declines [1] Hong Kong Market - The Hang Seng Index opened significantly lower at 25,751.99, down by 224.80 points or 0.87% [2] - The Hang Seng Tech Index also saw a decline, closing at 5,541.71, down by 96.34 points or 1.71% [2] - Major stocks like Alibaba, Tencent, Xiaomi, and Kuaishou experienced varying degrees of decline, while gold stocks such as Zijin Mining and Chifeng Jilong Gold saw increases of nearly 6% and 5% respectively [1] Commercial Aerospace Sector - The commercial aerospace concept stocks showed strength, with Shunhao Co. hitting the daily limit and recording an increase of 7.08% after previously achieving eight consecutive trading days of gains [3][7] - Other stocks like Zhongchao Holdings and Hualing Cable also experienced consecutive gains [3] Retail Sector - The retail sector saw a sharp rise, with Baida Group hitting the daily limit and achieving three consecutive trading days of gains [7] - Other retail stocks such as Maoye Commercial and Dongbai Group also experienced upward movement [7] Policy and Financial Support - The Ministry of Commerce and other departments issued a notice to enhance collaboration between commerce and finance to boost consumption [9] - The notice emphasizes increasing financial support in key consumption areas and encourages financial institutions to optimize product services [9] Controllable Nuclear Fusion Sector - The controllable nuclear fusion concept stocks surged, with companies like Xue Ren Group and Hualing Cable achieving consecutive gains [10] - Analysis indicates that key materials and components for nuclear fusion devices are expected to drive growth for upstream material and midstream processing companies [12] - Xue Ren Group announced that its stock price had deviated significantly, but confirmed that there were no undisclosed major information affecting its operations [12]

Core Viewpoint - The commercial aerospace concept is gaining traction, with Shunhao Co., Ltd. experiencing significant stock price fluctuations and announcing that its current business does not synergize with its investment in Beijing Orbit Chengguang Technology Co., Ltd. [1][5] Group 1: Company Overview - Shunhao Co., Ltd. has invested 110 million yuan in Orbit Chengguang, acquiring a 19.30% stake, with the expectation that the business will take 5 to 10 years to develop competitive advantages in the space data center sector [2][6] - The company reported a net profit of 67.31 million yuan for the first three quarters of 2025, a year-on-year increase of 20.29%, while its non-recurring net profit decreased by 61.12% to 22.13 million yuan [3][7] Group 2: Market Performance - From November 28 to the present, Shunhao Co., Ltd. has achieved 7 trading limit-ups in 11 trading days, with a cumulative increase of 118.49% and a market capitalization increase of 9.169 billion yuan, bringing the total market value to 16.9 billion yuan [3][7] - As of the announcement date, the rolling price-to-earnings ratio of Shunhao Co., Ltd. is 298 times, significantly higher than the industry average [3][7] Group 3: Industry Insights - The space computing sector is becoming a strategic focus for reshaping the future digital infrastructure, with plans to deploy gigawatt-level space data centers in the morning and evening orbits in three phases [4][8] - The global competition in space resources and space computing architecture is intensifying, with companies like SpaceX leading the way in establishing low-latency space networks [4][8]

Core Viewpoint - *ST Bosen (002569.SZ) announced the termination of a major asset restructuring plan involving the sale of a 35% stake in Shaanxi Bosen Apparel Intelligent Manufacturing Co., Ltd. to Nantong Erfangji Co., Ltd. due to failure to reach agreement on key terms [1] Group 1: Asset Restructuring - The company aimed to optimize its asset structure and improve cash flow by selling the stake in Shaanxi Bosen [1] - After the transaction, the company would no longer hold any equity in Shaanxi Bosen [1] - The decision to terminate the restructuring was made after thorough research and friendly negotiations with relevant parties [1] Group 2: Stakeholder Interests - The termination of the asset restructuring was intended to protect the interests of all parties and shareholders involved [1]