| 证券代码：600655 | 证券简称：豫园股份 | 公告编号：临2026-002 | | --- | --- | --- | | 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 关于股东部分股份解除质押及质押的公告 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: 公司于 2026 年 1 月 8 日接到控股股东复星高科技的告知函，其将所持有本 公司的部分股份解除质押及质押，具体事项如下： 1 上海豫园旅游商城（集团）股份有限公司（以下简称"公司"）控股股东上 海复星高科技（集团）有限公司（以下简称"复星高科技"）下属上海复地 投资管理有限公司、南京复久紫郡投资管理有限公司（以下简称"复地投资"、 "南京复久"）合计持有本公司股份数量为 1,072,408,180 股，占公司总股 本比例为 27.55%。本次部分股票解除质押及质押后， ...

上海豫园旅游商城（集团）股份有限公司 2026 年第一次临时股东会 文 件 2026 年 1 月 20 日 上海豫园旅游商城（集团）股份有限公司 2026 年第一次临时股东会 股东会会议须知 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证大会的顺利进行， 根据中国证监会发布的《上市公司股东会规则》、《上海豫园旅游商城（集团）股份有限公司章 程》(以下简称"《公司章程》")和《股东会议事规则》的规定，特制定本须知。 一、 本公司根据《中华人民共和国公司法》、《中华人民共和国证券法》、《上市公司股东 会规则》及《公司章程》的规定，认真做好召开股东会的各项工作。 二、 本公司设立股东会秘书处，具体负责大会有关程序方面的事宜。 三、 本次股东会以现场会议形式召开，并采取现场、网络相结合的方式投票。 四、 股东参加股东会现场会议依法享有发言权、质询权、表决权等权利，同时也必须认 真履行法定义务，不得侵犯其他股东的权益和扰乱会议秩序。 五、 股东要求大会发言，请于会前十五分钟向大会秘书处登记，出示持股的有效证明， 填写《股东意见征询单》，登记发言的人数原则上以十人为限，超过十人时先安排持股数多的 前十位 ...

Core Business and Strategic Implementation - The company focuses on its core business and cultural globalization as dual drivers for growth, with significant improvements in profitability and cost efficiency [2][3] - The overall operating gross margin reached 11.45%, an increase of 1.03 percentage points year-on-year, while the jewelry fashion segment saw a gross margin rise of 0.66 percentage points to 7.73% [2] - Cost control measures led to a 21% reduction in management expenses year-on-year, with a notable 28% decrease in the third quarter, allowing more funds for core business development [2] Cultural Globalization Breakthrough - 2025 is marked as a breakthrough year for the company's global expansion, with multiple cultural IPs successfully entering international markets [3] - The company's lantern festival showcased in Vietnam, Thailand, and Singapore, receiving extensive media coverage and recognition [3] - The opening of the first overseas store for Songhe Lou in London became a popular destination, while the company accelerated its duty-free and overseas channel expansion [3] Investor Relations and Shareholder Returns - The company upgraded its investor relations with over 1,000 communications with domestic and international investors, significantly enhancing market recognition [4] - The annual performance briefing included innovative formats, attracting over 90,000 views, a 30% increase year-on-year [4] - Shareholder returns are supported by a stable dividend policy, share buybacks, and an employee stock ownership plan, ensuring long-term alignment of interests [6][7] ESG and Corporate Governance - The company has maintained an MSCI ESG rating of A for three consecutive years, becoming an industry benchmark [8] - Environmental management practices have been enhanced, with four subsidiaries receiving six third-party certifications [8] - Governance structure improvements include the proposed cancellation of the supervisory board to enhance decision-making efficiency [9] Risk Management - The company is actively addressing challenges in the consumer and real estate sectors, with a focus on improving cash flow and reducing debt ratios [10] - The strategic emphasis on cultural leadership, financial stability, and reasonable valuation aims to enhance market capitalization [10]

Core Viewpoint - The rapid development of the internet has led property companies to utilize both traditional and new media platforms to create a comprehensive communication matrix, achieving boundary-less and full coverage of information dissemination [1][12]. Group 1: Brand Communication Strategies - Property companies are increasingly experimenting with new digital media channels, leveraging platforms like WeChat and Douyin to enhance brand exposure and communication reach [1][12]. - The use of personalized and practical functional modules on platforms such as WeChat public accounts and video accounts has increased the breadth of brand communication, allowing audiences to understand corporate brand concepts from multiple channels and perspectives [1][12]. Group 2: Monitoring and Research Findings - The China Index Academy conducted a monitoring study on brand communication information of property service companies for the year 2025, focusing on WeChat public accounts, video accounts, and Douyin [1][12]. - The report titled "Top 50 Brand Communication of Property Service Companies in China (2025)" highlights companies that effectively utilize new media to maximize communication benefits and enhance brand influence [1][12]. Group 3: WeChat Public Account Performance - In 2025, the top 50 property service companies' WeChat public accounts collectively achieved approximately 39.528 million reads, with an average of about 790,000 reads per account [5][17]. - The top three companies by WeChat public account reads were Country Garden Services Group (5,049,017), China Overseas Property Management (3,712,369), and Poly Property Services (2,643,051) [3][5]. Group 4: WeChat Video Account Performance - The top 30 property service companies' WeChat video accounts garnered a total of 12.52 million likes and shares, with an average of approximately 417,000 per account [9][20]. - The leading WeChat video accounts were New Hope Property Services (5,048,000), Shenzhen Jindi Property Management (1,127,180), and Country Garden Services (775,562) [7][20]. Group 5: Douyin Video Account Performance - The top five property service companies on Douyin achieved a total of 3.316 million likes and shares, with New Hope Services leading at over 2.155 million [10][22]. - Other notable companies included Wanwu Cloud Space Technology (376,408) and Green City Smart Living (290,513) [10][22].

Group 1: Cultural Heritage and Innovation - The integration of digital technology into traditional cultural heritage is enabling Chinese intangible cultural heritage (ICH) to reach a global audience, with various stakeholders working together to promote creative transformation and innovative development [1][3] - Zhang Hanmin, a national-level representative inheritor of the Bai ethnic tie-dye technique, has successfully brought this traditional craft to international markets, emphasizing the importance of innovation and cultural confidence in product development [3][4][6] Group 2: Bai Tie-Dye Technique - Zhang Hanmin has developed over 50 plant dye color cards and more than 40 innovative tie-dye techniques, breaking the traditional color limitations and gaining international acclaim [4][6] - The Bai tie-dye products have expanded from traditional home goods to scarves and cultural creative products, collaborating with international brands to appeal to younger consumers [6][7] Group 3: Dehua Porcelain Industry - Dehua porcelain, recognized as a national intangible cultural heritage, has seen a 50% increase in ceramic flower pot exports in 2025, with the company exporting to over 50 countries and regions [8][9] - The Dehua ceramic industry is undergoing a transformation from traditional OEM to self-owned brands and high-end customization, with a focus on cultural output [10][12] Group 4: International Expansion and Brand Development - Dehua County has actively organized enterprises to participate in international exhibitions, leading to an annual export growth rate of over 10% [10] - The company has registered over 100 patents and trademarks to establish an international brand for its porcelain products, aiming for a deeper cultural exchange and recognition [10][12] Group 5: Cultural Events and Global Outreach - The Yuyuan Lantern Festival, a significant cultural event, has expanded its influence internationally, attracting around 400,000 visitors annually and showcasing Chinese intangible cultural heritage [12][13] - The festival has successfully held events in Paris and Thailand, enhancing cultural exchange and friendship through immersive experiences [14][15]

Core Viewpoint - The domestic gold jewelry prices have significantly decreased, with multiple brands reporting a notable drop in their gold prices per gram [1] Group 1: Price Adjustments - Zhou Shengsheng's gold price has fallen to 1353 yuan per gram [1] - Lao Feng Xiang's price is now 1363 yuan per gram [1] - Lao Miao Gold is priced at 1359 yuan per gram [1] - Chow Tai Fook's price remains at 1363 yuan per gram [1] - Liufuk Jewelry's price is the highest at 1403 yuan per gram [1]

Core Viewpoint - The trust of end consumers in the narrative of "gold as a store of value" is being tested due to recent fluctuations in gold prices and the pricing strategies of jewelry brands [2][4]. Group 1: Price Fluctuations and Consumer Behavior - On December 30, international gold prices closed at $4,340.13 per ounce, while domestic gold jewelry prices saw significant declines, with brands like Chow Tai Fook and Lao Feng Xiang dropping over 40 yuan per gram [2]. - In mid-December, brands such as Chow Tai Fook announced price increases of around 15% for their products, indicating a trend of rising prices prior to the recent drop [2]. - The volatility in international gold prices is increasingly impacting the trading dynamics of the gold jewelry market, with sales personnel often not fully disclosing the risks associated with price fluctuations [4]. Group 2: Consumer Sentiment and Market Dynamics - Consumers exhibit irrational behavior characterized by "buying high and selling low," driven by narratives of inflation resistance and risk aversion during price surges, leading to increased purchasing intentions [4]. - When prices decline, consumer sentiment shifts to a wait-and-see approach, resulting in behaviors such as order cancellations and delays in product pickup [4]. - The pricing mechanism of gold jewelry brands typically involves "raw material cost + processing fee + brand premium," leading to rapid price increases during gold price surges, while adjustments during price declines are more cautious due to inventory costs and consumer expectations [5]. Group 3: Trust Issues and Market Positioning - The price stickiness in the market can lead to consumers feeling "stuck" after purchasing at high prices, which undermines their trust in the narrative of gold as a reliable store of value [5]. - If brands continue to market gold jewelry as a value-preserving asset, a decline in gold prices could trigger a demand shrinkage and a crisis of trust among consumers [5].

Group 1 - The company, Yuyuan Holdings, announced that as of December 31, 2025, it has repurchased a total of 8.8 million shares, which represents approximately 0.226078% of its total share capital [1] - The highest purchase price for the repurchased shares was 5.42 CNY per share, while the lowest was 5.12 CNY per share [1] - The total amount spent on the share repurchase was approximately 46.81 million CNY [1]

Core Viewpoint - Yuyuan Group (600655.SH) has announced a share repurchase plan, having repurchased a total of 8.8 million shares, which represents approximately 0.226078% of the company's total share capital [1] Summary by Categories Share Repurchase Details - The company has repurchased 8.8 million shares as of the end of December 2025 [1] - The highest purchase price was 5.42 yuan per share, while the lowest was 5.12 yuan per share [1] - The total amount paid for the repurchased shares is 46,808,276.18 yuan, excluding transaction fees [1]

关于以集中竞价交易方式回购公司 A 股股份 的进展公告 | 证券代码：600655 | 证券简称：豫园股份 | 公告编号：临 | 2026-001 | | --- | --- | --- | --- | | 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 上海豫园旅游商城（集团）股份有限公司（以下简称"公司"）于 2025 年 11 月 10 日召开第十一届董事会第四十六次会议审议通过了《关于以集中竞价交易方 式回购公司 A 股股份的议案》。本次回购股份价格为不超过人民币 8.60 元/股，本 次回购股份的资金总额不低于人民币 20,000 万元（含），不超过人民币 30,000 万元（含）。回购期限为自公司董事会审议通过本次回购股份方案之日起 12 个月 内。详细情况请参见上海证券交易所网站披露的《上海豫园旅游商城（集团）股 份有限公司关于以集中竞价交易方式回购公司 A 股股份方案的公告》（公告编号： 临 2025-09 ...