(责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 格隆汇10月20日｜A股开盘，三大指数集体高开，沪指高开0.67%，深证成指高开1.49%，创业板指高开 2.45%。盘面上，保险股高开，中国人寿(601628)涨近6%，中国太保(601601)、新华保险(601336)涨超 2%，上市险企前三季度业绩持续向好；半导体股集体上涨，中科蓝汛涨近12%，士兰微(600460)涨停， 士兰微拟200亿元投建12英寸高端模拟集成电路芯片制造生产线项目；CPO等算力硬件股高开，中际旭 创(300308)涨超9%，新易盛(300502)、天孚通信涨超5%；风电设备概念反弹，飞沃科技、广大特材涨超 5%；现货黄金跌破4220美元/盎司，黄金股大幅回调，湖南白银跌停，莱绅通灵(603900)、西部黄金 (601069)、白银有色(601212)跌超8%。(格隆汇) ...

Market Overview - The jewelry sector increased by 0.85% on October 15, with ST Xinhua Jin leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Individual Stock Performance - ST Xinhua Jin (600735) closed at 4.57, with a rise of 5.06% and a trading volume of 318,200 shares, amounting to a transaction value of 140 million yuan [1] - Other notable performers include: - Cuihua Jewelry (002731) at 13.55, up 2.65% [1] - Caizhi Co. (6655509) at 15.20, up 2.63% [1] - Chaohongmu (002345) at 14.73, up 2.58% [1] - Mankalon (300945) at 21.79, up 2.35% [1] Capital Flow Analysis - The jewelry sector saw a net inflow of 2.9829 million yuan from institutional investors, while retail investors contributed a net inflow of 28.087 million yuan [2] - However, there was a net outflow of 31.0699 million yuan from speculative funds [2] Detailed Capital Flow for Selected Stocks - ST Xinhua Jin had a net inflow of 15.7082 million yuan from institutional investors, but a net outflow of 4.5480 million yuan from speculative funds [3] - Chaohongji (002345) experienced a net inflow of 9.0915 million yuan from institutional investors, with a net inflow of 3.8748 million yuan from speculative funds [3] - Other stocks like Gold One Culture (002721) and Cuihua Jewelry (002731) also showed varying levels of net inflows and outflows from different investor types [3]

Market Analysis - Global capital markets have shown significant increases during the holiday period, particularly in gold, US stocks, and copper, driven primarily by AI narratives [2] - The A-share market has returned to 3900 points after 10 years, with technology stocks being the main upward momentum, heavily influenced by external market sentiment and capital flow [2] - The continued rise of indices indicates signs of capital returning before the holiday, with October expected to be a competitive month for individual stocks [2] Gold Market Insights - Three anchors for gold pricing have been identified: reserve value, consumption value, and trading value [2] - With the ongoing expansion of dollar credit cracks, a long-term bull market for gold is anticipated, as the demand for gold is expected to grow [2] - By 2025, domestic gold jewelry companies are expected to see sales increases and performance improvements [2] Sector Performance - The gold concept stocks opened significantly higher, with several stocks reaching their daily limit, reflecting strong market interest [3] - The semiconductor sector is also active, with AMD's partnership with OpenAI leading to a notable increase in AMD's stock price [4] - Solid-state battery concept stocks have shown strong fluctuations, driven by advancements in battery technology [5] Index Performance - The Shanghai Composite Index has shown a strong upward trend post-holiday, with a focus on whether it can maintain above 3950 points [9] - The ChiNext Index has reached new highs, with technology stocks being the primary drivers, although the performance remains characterized by rotation rather than collective surges [9] Investment Outlook - The consensus among broker reports indicates a positive macro environment for A-shares following the holiday, with a focus on resource and AI sectors [15] - The long-term logic supporting gold's continued rise is centered around the restructuring of the global monetary credit system, with gold being viewed as a stabilizing asset during economic turbulence [15] - The ongoing accumulation of US debt poses risks to monetary credit, further enhancing gold's appeal as a safe-haven asset [16]

上证报中国证券网讯 10月9日，黄金概念表现抢眼，四川黄金、赤峰黄金、莱绅通灵、白银有色竞价涨 停，晓程科技、山东黄金、中金黄金等高开超7%。 来源：上海证券报·中国证券网 ...

Core Viewpoint - The company has successfully transformed its strategy from focusing on gold as a material to emphasizing art and emotional value, leading to significant growth in sales and brand recognition as "art jewelry" [2][3]. Financial Performance - In the first half of 2025, the company achieved a revenue of 870 million yuan, a year-on-year increase of 37%, and a net profit of approximately 60.61 million yuan, marking a significant turnaround [3]. - Revenue from the gold category has risen to 80% of total sales, with embedded gold sales surging by 200% year-on-year, becoming the strongest driver of overall revenue and profit growth [3]. Strategic Focus - The company has firmly invested in the "art gold" strategy, integrating Eastern and Western classic art elements with gold craftsmanship since the launch of the "Heritage Gold" series in 2023 [3]. - The product matrix includes two differentiated systems: "Heritage Gold" and "Embedded Jewelry," catering to various consumer needs from collectible art pieces to everyday wear [4]. Competitive Advantages - The company has established a three-tiered competitive moat through the deep integration of art, craftsmanship, and emotional insights [5]. - The first barrier is the deep deconstruction and re-creation of art IP, enhancing brand competitiveness in the high-end jewelry market [5]. - The second barrier involves continuous investment in craftsmanship, with R&D expenses increasing by 47.46% year-on-year, focusing on gold embedding technology and artistic expression [6]. - The third barrier is the precise capture of consumer emotional needs, shifting gold consumption from "value preservation" to "self-expression" and "emotional resonance" [7]. Sustainable Growth Path - The company is optimizing its channels by reducing the number of underperforming stores, with a net decrease of 27 direct stores and 10 franchise stores, focusing resources on core business areas [8]. - A comprehensive terminal operation quality improvement system has been established to enhance the performance of benchmark stores and optimize underperforming ones [8]. - The company plans to create 50 direct stores and 15 franchise stores with annual sales exceeding 10 million yuan, laying a solid foundation for future growth [8]. Future Outlook - The company aims to continue deepening its art gold strategy through ongoing product innovation, channel optimization, and brand building, aspiring to become a benchmark brand in Chinese art jewelry [9].

Core Viewpoint - The company, 莱绅通灵珠宝股份有限公司, is set to hold a half-year performance briefing on October 13, 2025, to discuss its operational results and financial status for the first half of 2025, following the release of its semi-annual report on August 22, 2025 [2][3]. Group 1: Event Details - The investor briefing will take place on October 13, 2025, from 15:00 to 16:00 [6]. - The event will be conducted in an interactive online format via the Shanghai Stock Exchange Roadshow Center [3][6]. - Investors can submit questions from September 26 to October 10, 2025, through the Roadshow Center or via the company's email [2][5]. Group 2: Participants - Key participants in the briefing will include the company's Chairman, Mr. Ma Jun, President, Mr. Zhuang Ou, independent directors, and the financial officer [4]. Group 3: Contact Information - For inquiries, investors can contact Yang Lan at 025-52486808 or via email at 603900@leysen1855.com [7].

重要内容提示： 莱绅通灵珠宝股份有限公司（以下简称"公司"）于 2025 年 8 月 22 日披 露了公司《2025 年半年度报告》，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 10 月 13 日下午 15:00-16:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 证券代码：603900 证券简称：莱绅通灵 公告编号：2025-036 莱绅通灵珠宝股份有限公司 2025 年半年度业绩说明会预告公告 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。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许 的范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 10 月 13 日下午 15:00-16:00 （二）会议召开地点：上证路演中心（网址：http://roadshow.sseinfo. com ...

证券代码：603900 证券简称：莱绅通灵 公告编号：2025-03 6 莱绅通灵珠宝股份有限公司 2025 年半年度业绩说明会预告公告 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： 莱绅通灵珠宝股份有限公司（以下简称"公司"）于 2025 年 8 月 22 日披 露了公司《2025 年半年度报告》，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 10 月 13 日下午 15:00-16:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 10 月 13 日下午 15:00-16:00 （二）会议召开地点：上证路演中心（网址：http://roadshow.sseinfo. 1 ...

Market Overview - On September 24, the jewelry sector declined by 0.39%, with Lai Shen Tong Ling leading the drop [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Individual Stock Performance - Notable gainers included: - Shen Zhonghua A: closed at 6.73, up 1.97% with a trading volume of 156,300 shares and a turnover of 105 million yuan [1] - Chao Hong Ji: closed at 15.73, up 1.94% with a trading volume of 178,400 shares and a turnover of 282 million yuan [1] - Di A Shares: closed at 34.24, up 1.87% with a trading volume of 19,700 shares and a turnover of 66.94 million yuan [1] - Notable decliners included: - Lai Shen Tong Ling: closed at 10.60, down 2.75% with a trading volume of 128,700 shares and a turnover of 137 million yuan [2] - Xin Hua Jin: closed at 6.12, down 1.77% with a trading volume of 669,400 shares and a turnover of 421 million yuan [2] Capital Flow Analysis - The jewelry sector experienced a net outflow of 126 million yuan from institutional investors, while retail investors saw a net inflow of 1.29 billion yuan [2][3] - Key stocks with significant capital flow: - Shen Zhonghua A: net inflow of 6.08 million yuan from institutional investors, but a net outflow of 5.46 million yuan from retail investors [3] - Ming Pai Jewelry: net inflow of 5.43 million yuan from institutional investors, but a net outflow of 4.11 million yuan from retail investors [3] - Lai Shen Tong Ling: net outflow of 8.88 million yuan from institutional investors, with a net inflow of 15.22 million yuan from retail investors [3]

Group 1 - Shudao Equipment's subsidiary signed a construction contract worth 24.68 million yuan for a hydrogen fuel cell manufacturing base project [1] - Zhongliang Technology received a land acquisition compensation of 30 million yuan from the government [2] - Palm Holdings won a bid for a high-standard farmland construction project in Lankao County, with a contract value of 433 million yuan, accounting for 14.12% of the company's audited revenue for 2024 [3] Group 2 - Changchun Yidong's subsidiary received a government subsidy of 2.85 million yuan, which is 122.78% of the company's audited net profit for the last fiscal year [4] - Wuzhou Transportation successfully issued 200 million yuan in medium-term notes with an interest rate of 2.10% [5][6] - Tiandi Source's subsidiary plans to apply for a trust loan of up to 500 million yuan from related parties [8] Group 3 - Tiandi Source's subsidiary acquired a residential land use right in Xi'an for 2.015 billion yuan [9] - Opcon Vision received a medical device registration certificate for its ultrasonic nebulizer [11] - Jingjiawei announced the resignation of its vice president due to personal reasons [13] Group 4 - Fulinh Precision's subsidiary received a prepayment of 1.5 billion yuan from CATL for securing lithium iron phosphate material supply [15] - Yunzhu Technology's subsidiary received a government subsidy of 20.12 million yuan [16] - Kehua Bio's ferritin test kit received a medical device registration certificate [17] Group 5 - Jinghua Pharmaceutical's medical sodium alginate wound dressing received a medical device registration certificate [18] - Lingwei Technology established a wholly-owned subsidiary with a registered capital of 1 million yuan [19] - Sanwei Co. won a bid for concrete sleeper procurement projects worth 158 million yuan [20] Group 6 - Shanghai Pharmaceuticals' Nicardipine tablets passed the consistency evaluation for generic drugs [21] - Lushan New Materials increased its idle fund management limit to 750 million yuan [24] - Huayi Technology announced the retirement of a core technical staff member [25] Group 7 - Yingli Environment plans to use up to 300 million yuan of idle raised funds for cash management [30] - Yong'an Forestry plans to develop a national reserve forest project in Putian, Fujian, with an estimated investment of 154 million yuan [32] - Xinyuan Technology's shareholders plan to reduce their holdings by up to 3.18% of the company's shares [60]