在这个风电是 世纪两国广场16选 No 989 Changle Road Shanghai 20003 上海市光大律师事务所 关于上海豫园旅游商城(集团) 股份有限公司 差异化权益分派事项的专项核查意见 致:上海豫园旅游商城(集团)股份有限公司 上海市光大律师事务所(以下简称"本所")接受上海豫园旅游商城(集团)股份有 限公司(以下简称"豫园股份"或"公司")的委托,根据《中华人民共和国公司法》(以 下简称"公司法")、《中华人民共和国证券法》(以下简称"证券法")、《上海证券 交易所上市公司自律监管指引第7号 -- 回购股份》(以下简称"《自律监管指引第7号》") 等法律、法规、规范性文件的规定,就公司本次申请差异化权益分派特殊除权除息事项发 表如下核实意见。 一、本次差异化权益分派的原因及依据 豫园股份拟本次差异化权益分派,原因系公司以集中竞价方式回购社会公众股,公司 回购专用账户中的股份拟不参与 2024年度现金分红。 2024年10月 31日,公司召开第十一届董事会第三十四次会议,审议通过《关于以 集中竞价交易方式回购公司 A 股股份的议案》。根据《公司法》和《上海豫园旅游商城(集 团) 股份有限公司 ...

| 证券代码：600655 | 证券简称：豫园股份 | 公告编号：2025-059 | | --- | --- | --- | | 债券代码：242519 | 债券简称：25豫园01 | | | 债券代码：242813 | 债券简称：25豫园02 | | | 债券代码：242814 | 债券简称：25豫园03 | | 每股分配比例 A 股每股现金红利0.19元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/17 | － | 2025/6/18 | 2025/6/18 | 上海豫园旅游商城（集团）股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册 ...

证券代码：600655 证券简称：豫园股份 公告编号：2025-059 一、 通过分配方案的股东大会届次和日期 债券代码：242519 债券简称：25豫园01 债券代码：242813 债券简称：25豫园02 债券代码：242814 债券简称：25豫园03 上海豫园旅游商城（集团）股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 每股分配比例 A 股每股现金红利0.19元 ? 相关日期 股份类别 股权登记日 最后交易日 除权（息）日 现金红利发放日 Ａ股 2025/6/17 － 2025/6/18 2025/6/18 ? 差异化分红送转： 是 本次利润分配方案经上海豫园旅游商城（集团）股份有限公司（以下简称"公司"）2025 年 4 月 28 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 （1） 本次差异化分红方案 公司拟向本公告确定的股权登记日可 ...

在这个风电是 世纪两国广场16选 No 989 Changle Road Shanghai 20003 上海市光大律师事务所 关于上海豫园旅游商城(集团) 股份有限公司 差异化权益分派事项的专项核查意见 致:上海豫园旅游商城(集团)股份有限公司 上海市光大律师事务所(以下简称"本所")接受上海豫园旅游商城(集团)股份有 限公司(以下简称"豫园股份"或"公司")的委托,根据《中华人民共和国公司法》(以 下简称"公司法")、《中华人民共和国证券法》(以下简称"证券法")、《上海证券 交易所上市公司自律监管指引第7号 -- 回购股份》(以下简称"《自律监管指引第7号》") 等法律、法规、规范性文件的规定,就公司本次申请差异化权益分派特殊除权除息事项发 表如下核实意见。 一、本次差异化权益分派的原因及依据 豫园股份拟本次差异化权益分派,原因系公司以集中竞价方式回购社会公众股,公司 回购专用账户中的股份拟不参与 2024年度现金分红。 2024年10月 31日,公司召开第十一届董事会第三十四次会议,审议通过《关于以 集中竞价交易方式回购公司 A 股股份的议案》。根据《公司法》和《上海豫园旅游商城(集 团) 股份有限公司 ...

| 证券代码：600655 | 证券简称：豫园股份 | 公告编号：2025-059 | | --- | --- | --- | | 债券代码：242519 | 债券简称：25豫园01 | | | 债券代码：242813 | 债券简称：25豫园02 | | | 债券代码：242814 | 债券简称：25豫园03 | | 上海豫园旅游商城（集团）股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/17 | － | 2025/6/18 | 2025/6/18 | 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经上海豫园旅游商城（集团）股份有限公司（以下简称"公司"）2025 年 4 月 28 日的2024年年度股东大会审议通过。 二、 分配方案 重要内容提示： 每股分配比例 A 股每 ...

Group 1 - The event "Investors Walk into Listed Companies" aims to enhance communication between investors and companies, promoting financial knowledge and rational investment [1] - Yuyuan Group, rooted in China, focuses on family happiness consumption, with a diverse portfolio including gold jewelry, cultural dining, liquor, health, and fashion [1] - The company has been optimizing its business layout and expanding overseas markets, aiming to create a global fashion cultural showcase [2] Group 2 - The CFO of Tonghanchuntang emphasized the brand's commitment to traditional Chinese medicine, focusing on innovation and the development of health products [2] - The event included a tour of Yuyuan's gold jewelry store, showcasing various products that blend traditional culture with modern design [3] - Yuyuan Group plans to enhance Tonghanchuntang's brand value by focusing on the food-medicine integration field and expanding distribution channels [4] Group 3 - The company is confident in its long-term development in the gold jewelry sector despite fluctuations in gold prices, implementing strategies to optimize product structure and expand sales channels [3] - The event facilitated a deeper understanding of Yuyuan Group's achievements in the gold and health sectors, strengthening investor relations [4]

Core Viewpoint - Yuyuan Group, a leading Chinese gold and jewelry enterprise, is undergoing a significant transformation period, coinciding with the establishment of the Shanghai International Jewelry Fashion Functional Zone, which will benefit the company's development [2][9]. Industry Overview - The market environment is changing, with international gold prices rising sharply, surpassing $3,500 per ounce in April 2023, leading to increased domestic gold jewelry prices, with brands like Laomiao Gold seeing prices exceed 1,000 yuan per gram [3][4]. - The gold jewelry consumption is facing challenges due to high prices, with a projected decline in domestic gold jewelry consumption to 532.02 tons in 2024, a year-on-year decrease of 24.69% [4]. Company Performance - Yuyuan Group's core brands, Laomiao and Yayi, have established a vast sales network of 4,615 outlets nationwide, with gold jewelry sales accounting for over 60% of the company's total revenue [4][6]. - The company anticipates a decline in revenue and net profit for 2024 due to insufficient demand and structural changes in consumer preferences, compounded by international gold price fluctuations [4][5]. Product Innovation - The company is focusing on product innovation to adapt to changing consumer preferences, emphasizing the integration of Chinese cultural elements and the development of popular products [5][6]. - The "Guoyun Gold" series generated nearly 7.5 billion yuan in sales last year, becoming a core product line for the company [7]. Cultural Trends - The rise of "Guochao" culture is driving a cultural return and upgrade in the gold jewelry industry, with Yuyuan Group actively promoting cultural dissemination centered around this trend [8]. - The company is implementing an "Oriental Lifestyle Aesthetics" strategy, integrating various cultural and lifestyle elements to create a unique market position [8][9]. Strategic Location - Yuyuan Group benefits from its strategic location in the Yuyuan shopping district, attracting approximately 45 million visitors annually, enhancing its market presence [9].

Overview - The jewelry industry in China has seen a steady increase in demand due to rising consumer purchasing power and a shift in consumer preferences towards quality, brand, and cultural significance [1][11] - In 2023, the market size of China's jewelry industry reached 820 billion yuan, a year-on-year growth of 14.05%. However, in 2024, the market is expected to shrink to 778.8 billion yuan due to macroeconomic slowdown and decreased consumer confidence [1][11] Market Size - The market size breakdown for 2024 includes: - Gold products: approximately 568.8 billion yuan (73.0%) - Diamond products: approximately 43 billion yuan (5.5%) - Jade products: approximately 98 billion yuan (12.6%) - Colored gemstones: approximately 27 billion yuan (over 3.5%) - Pearl products: approximately 21 billion yuan (nearly 2.7%) - Platinum and silver products: approximately 8 billion yuan (1.0%) - Fashion jewelry and other categories: approximately 13 billion yuan (1.7%) [1][11] Industry Chain - The upstream of the jewelry industry includes suppliers of raw materials such as gold, diamonds, jade, colored gemstones, pearls, platinum, and silver, as well as suppliers of processing equipment [4] - The midstream involves design, research and development, and manufacturing processes [4] - The downstream consists of sales channels including jewelry specialty stores, department stores, and e-commerce platforms [4][6] Sales Channels - Offline channels, including jewelry specialty stores and department stores, remain the most important sales channels in China, accounting for over 80% of the market share due to the preference for in-person shopping experiences for high-value items [6] Economic Context - In 2024, China's GDP is projected to reach 13.49 trillion yuan, growing by 5.0%. However, both GDP growth and per capita disposable income growth are expected to decline compared to previous years [8] - Retail sales of gold and silver jewelry are projected to decline by 3.1% in 2024, reflecting the sensitivity of non-essential goods to economic fluctuations [8] Competitive Landscape - The jewelry industry in China is highly competitive, with major players including China Gold, Lao Feng Xiang, Yu Garden, and others. In 2024, China Gold is expected to lead with total revenue of 60.46 billion yuan [13][15] - Lao Feng Xiang is projected to have total revenue of 56.79 billion yuan, with jewelry sales contributing 82.6% of its total revenue [17] Development Trends - The jewelry market is expected to see a polarization in consumer spending, with high-end jewelry appealing to high-net-worth individuals, while the mass market focuses on cost-effectiveness and trendy, affordable options [19] - Increasingly, Chinese jewelry companies are integrating cultural elements into their branding, promoting a shift towards a brand economy [19]

Core Viewpoint - The "Yuyuan Lantern Festival" will be held in Bangkok, Thailand from June 27 to August 15, 2025, as part of the cultural exchange celebrating the 50th anniversary of China-Thailand diplomatic relations [2][4]. Group 1: Event Details - The festival, named "Shan Hai You Ling · Yuyuan Lantern Festival and 2025 China-Thailand Cultural Month," will last for 50 days and take place at the ICONSIAM, a prominent commercial landmark in Bangkok [2]. - The theme "Shan Hai You Ling" is inspired by the ancient Chinese text "Shan Hai Jing," showcasing a blend of traditional Chinese aesthetics and modern technology [2][3]. Group 2: Cultural Significance - The event is recognized as a key cultural export project by multiple Chinese government departments, highlighting its importance in promoting Chinese culture abroad [2]. - The festival aims to serve as a significant witness to cultural exchanges between China and Thailand, featuring elements that reflect the friendship and cultural integration of both nations [4]. Group 3: Artistic Presentation - The lantern festival will utilize modern light and shadow technology to create an immersive artistic experience, presenting mythical creatures and flora from "Shan Hai Jing" [3]. - The design will incorporate various flowers from both countries, symbolizing the blossoming friendship between China and Thailand [4]. Group 4: Additional Activities - The opening week will feature a "National Trend Cultural Week," focusing on Eastern culture and integrating various cultural IPs and leading domestic brands to enhance the presence of Chinese brands in Thailand [4]. - The festival aims to deepen emotional connections through cultural exchange, showcasing the beauty of Eastern lifestyle aesthetics [4].

Group 1: AI Integration in Retail - AI technology is becoming a key driver for enhancing efficiency in consumer insights and customer segmentation within retail companies [1][2] - Companies like Bailian Group are implementing AI systems to analyze customer flow metrics comprehensively, aiming to transform the "people-goods-scene" relationship [2][3] - The Shanghai government is promoting the integration of AI, virtual reality, and big data in the retail sector to boost consumption [2] Group 2: New Product Development and Innovation - AI is facilitating the rapid iteration of new products and innovative scenarios in the consumer market, as seen in Bailian Group's use of humanoid robots for fashion shows [4] - Sichuan Changhong is leveraging AI to create new product experiences, such as the AI TV and air conditioning units that adapt to user preferences [4][5] - Hisense is developing an integrated AI capability system that enhances smart home interactions through personalized services [5][6] Group 3: Enhanced Consumer Experience - AI applications are improving consumer experiences, as demonstrated by the strategic partnership between Proya and Ant Group's AI subsidiary to enhance customer service [3] - The introduction of AI-driven tools, such as digital influencers and automated resource allocation during peak shopping seasons, is reshaping marketing strategies [3] - The Chinagoods AI platform allows merchants to create multilingual promotional videos, streamlining the marketing process [3]