菜百股份（605599）(605599.SH)发布2025年年度业绩预增公告，预计2025年年度实现归属于母公司所 有者的净利润为106,000万元到123,000万元，与上年同期(法定披露数据)相比，将增加34,099.14万元到 51,099.14万元，同比增加47.43%到71.07%。 本期业绩预增的原因主要系黄金珠宝行业消费趋势变化加速，公司密切关注市场动态，充分发挥直营优 势，各渠道增强联动，品牌影响力持续提升，核心经营指标稳中有进。 ...

证券代码：605599 证券简称：菜百股份 公告编号：2026-001 北京菜市口百货股份有限公司 2025 年年度业绩预增公告 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： 一、本期业绩预告情况 （一）业绩预告期间 （三）本次所预计的业绩未经注册会计师审计。 二、上年同期经营业绩和财务状况 （一）利润总额：96,908.20 万元。归属于母公司所有者的净利润：71,900.86 万元。归属于母公司所有者的扣除非经常性损益的净利润：68,375.82 万元。 2025 年 1 月 1 日至 2025 年 12 月 31 日 （二）业绩预告情况 1.经财务部门初步测算，预计 2025 年年度实现归属于母公司所有者的净利 润为 106,000.00 万元到 123,000.00 万元，与上年同期（法定披露数据）相比， 将增加 34,099.14 万元到 51,099.14 万元，同比增加 47.43%到 71.07%。 本期业绩预告适用于"实现盈利，且净利润与上年同期相比上升 50%以 上"的情形。 北京菜市口百 ...

公司本期业绩预增的原因主要系黄金珠宝行业消费趋势变化加速，公司密切关注市场动态，充分发挥直 营优势，各渠道增强联动，品牌影响力持续提升，核心经营指标稳中有进。 格隆汇1月29日丨菜百股份(605599.SH)公布，公司预计2025年年度实现归属于母公司所有者的净利润为 106,000.00万元到123,000.00万元，同比增加47.43%到71.07%。预计2025年年度实现归属于母公司所有 者的扣除非经常性损益的净利润为95,154.51万元到112,154.51万元，同比增加39.16%到64.03%。 ...

菜百股份公告称，预计2025年年度归属于母公司所有者的净利润为10.60亿元到12.30亿元，与上年同期 相比，增加3.41亿元到5.11亿元，同比增加47.43%到71.07%；扣非净利润为9.52亿元到11.22亿元，与上 年同期相比，增加2.68亿元到4.38亿元，同比增加39.16%到64.03%。上年同期净利润为7.19亿元。业绩 预增主要因黄金珠宝行业消费趋势变化，公司发挥直营优势，提升品牌影响力。 ...

（文章来源：21世纪经济报道） 21世纪经济报道在北京SKP老铺黄金门店看到，当天又有大量顾客排队买黄金，老铺黄金工作人员称等 候时间估计在两小时左右。 1月28日，现货黄金突破5260美元/盎司，最高触及5266.43美元/盎司，年内涨幅突破21%，继续刷新历 史最高纪录。受金价创新高影响，黄金板块大涨3.88%，豫园股份、中国黄金涨停，菜百股份也接近涨 停。 ...

Market Overview - The jewelry sector experienced a decline of 1.06% on January 27, with Chao Hong Ji leading the drop [1] - The Shanghai Composite Index closed at 4139.9, up 0.18%, while the Shenzhen Component Index closed at 14329.91, up 0.09% [1] Individual Stock Performance - China Gold (600916) saw a significant increase of 9.96%, closing at 11.15 with a trading volume of 2.4225 million shares and a turnover of 2.658 billion [1] - Other notable performers included Man Ka Long (300945) with a rise of 1.88% and a turnover of 1.07 billion, while several stocks like ST Xin Hua Jin (600735) and Ming Pai Jewelry (002574) experienced declines of 1.32% and 1.34% respectively [1] - Chao Hong Mu (002345) led the declines in the sector with a drop of 4.88%, closing at 14.03 with a turnover of 407 million [2] Capital Flow Analysis - The jewelry sector saw a net outflow of 205 million from main funds, while retail investors contributed a net inflow of 1.95 billion [2] - The main funds showed a negative net flow in several stocks, including Chao Hong Mu and Jin Yi Culture, indicating a shift in investor sentiment [3] - Retail investors were more active in stocks like Fei Ya Da (000026) and Jin Yi Culture (002721), with significant net inflows [3]

1月27日，菜百股份跌5.07%，截至发稿，报19.67元/股，成交1.37亿元，换手率0.88%，总市值152.99亿 元。 资料显示，北京菜市口百货股份有限公司位于北京市西城区广安门内大街306号，成立日期1994年12月9 日，上市日期2021年9月9日，公司主营业务涉及黄金珠宝商品的原料采购、款式设计、连锁销售和品牌 运营。主营业务收入构成为：贵金属投资产品63.79%，黄金饰品27.05%，贵金属文化产品7.72%，钻翠 珠宝饰品0.70%，联营佣金收入0.65%，其他(补充)0.09%。 从基金十大重仓股角度 数据显示，华泰柏瑞基金旗下1只基金重仓菜百股份。华泰柏瑞量化先行混合A（460009）四季度持有 股数22.08万股，占基金净值比例为0.96%，位居第三大重仓股。根据测算，今日浮亏损失约23.18万 元。 华泰柏瑞量化先行混合A（460009）成立日期2010年6月22日，最新规模3.2亿。今年以来收益11.44%， 同类排名1242/8861；近一年收益51.89%，同类排名1798/8126；成立以来收益307.55%。 华泰柏瑞量化先行混合A（460009）基金经理为盛豪。 截至发稿 ...

Group 1 - The jewelry sector experienced a significant increase of 4.13% on January 26, with Mankalon leading the gains [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] - Mankalon's stock price rose by 10.32% to 20.21, with a trading volume of 474,600 shares [1] Group 2 - Major stocks in the jewelry sector included China Gold, which increased by 9.98% to 10.14, and Benhua Jewelry, which rose by 9.14% to 15.16 [1] - The total net inflow of main funds in the jewelry sector was 260 million yuan, while retail investors saw a net outflow of 319 million yuan [2] - The stock of Jinyi Culture had a trading volume of 3,069,900 shares, closing at 3.70 with a 2.49% increase [2][3] Group 3 - Mankalon had a net inflow of 11.1 million yuan from main funds, while retail investors experienced a net outflow of 113 million yuan [3] - The stock of Chaohongji saw a net inflow of 66.25 million yuan from main funds, with a net outflow of 45.75 million yuan from retail investors [3] - The stock of Laisen Tongling had a net inflow of 22.76 million yuan from main funds, while retail investors faced a net outflow of 41.77 million yuan [3]

Summary of the Conference Call for Cai Bai Co., Ltd. Industry Overview - The gold retail market is experiencing a "buy high, not low" mentality among consumers, leading to increased sales for Cai Bai Co., Ltd. as gold prices rise [2][3] - The retail sales of gold in Beijing are maintaining high growth, providing support for the company's performance [2] Key Points and Arguments - **Sales Growth Linked to Gold Prices**: Cai Bai's sales have increased in line with rising gold prices, benefiting from a strong demand for investment gold bars, which constitute 80% of its product structure [3][7] - **Tax Reform Impact**: The recent tax reform has optimized the competitive landscape, allowing Cai Bai to benefit significantly in its investment gold business. The competitive advantage of the Shenzhen Shui Bei market has diminished due to stricter tax inspections, enhancing the competitiveness of mainland enterprises [4] - **Product Innovation**: The introduction of innovative products like artistic gold bars has allowed Cai Bai to increase product premiums and attract consumers. The company leverages its extensive store presence in Beijing to provide social and service functions, enhancing customer loyalty [5][6] - **Consumer Preferences**: Consumers prefer Cai Bai's gold over bank offerings due to the additional social and service functions provided at its stores, particularly in Beijing where older customers view these stores as social venues [6] - **Positive Impact of Rising Gold Prices**: While rising gold prices positively impact Cai Bai's performance, the company also enhances its earnings flexibility through channel expansion and strategic hedging adjustments [7] - **Retail Data Support**: The projected 40% year-on-year growth in gold and jewelry retail sales in Beijing for 2025 indicates strong market demand, aligning with Cai Bai's revenue growth [8] Future Growth Drivers - **Product Structure Optimization**: Future growth will be driven by optimizing the investment gold product structure and introducing themed or collectible products to meet specific consumer demands [9] - **Channel Expansion**: Plans to expand channels beyond the Beijing-Tianjin-Hebei region are in place, including opening new stores [9][10] - **E-commerce Growth**: The rapid growth of e-commerce channels, including live streaming sales, is expected to continue driving online sales [10][13][14] Additional Insights - **New Product Launches**: The "Cai Bai Collection" area in the Beijing flagship store focuses on high-craftsmanship ancient gold products, which have a high gross margin similar to other companies' fixed-price gold products [11] - **Recycling Business Model**: Cai Bai's recycling business operates without affecting inventory, as it collaborates with gold mining companies or refineries, charging a small fee for the service [12] - **E-commerce Transition**: Following the tax reform, Cai Bai transitioned its e-commerce from a subsidiary to a business unit, resulting in a decrease in subsidiary revenue but an increase in overall headquarters revenue [16] - **2026 Profit Forecast**: Based on the 40% growth in gold and jewelry retail sales in Beijing, Cai Bai is expected to achieve double-digit revenue growth in 2026, with net profits likely exceeding market expectations [15]

Group 1 - The international gold price is reported at $4986.5 per ounce, while international palladium is at $2001.7 per ounce, and international silver is at $103.21 per ounce [1] - Domestic gold price is reported at ¥1124.0 per gram [1] Group 2 - Major domestic gold retailers have varying prices, with Chow Tai Fook at ¥1553 per gram being the highest, and Caibai Jewelry at ¥1498 per gram being the lowest [1] - Other notable prices include: Chow Sang Sang at ¥1551 per gram, and several brands including Liufu Jewelry, Xie Rui Lin, Jin Zun, Chao Hong Ji, Lao Miao, and Lao Feng Xiang all priced at ¥1553 per gram, while China Gold is at ¥1498 per gram, and Zhou Liu Fu at ¥1541 per gram [1]