在昨日全线上攻之后，今日国内品牌金价整体趋于平稳，仅个别品牌有所波动。目前市场最高价仍维持在1498元/克（周大 福、潮宏基、周大生），菜百黄金价格未变，继续保持1432元/克的最低价位。今日金店高低价差仍为66元/克，与前一日报 价持平。 以下是各大品牌金店详细报价： | | | 今日金店黄金价格一览(2026年1月22日) | | | | --- | --- | --- | --- | --- | | 金店报价 | 今日金价 | 单位 | 变动幅度 | 涨跌 | | 老庙黄金价格 | 1496 | 元/克 | 3 | 涨 | | 六福黄金价格 | 1496 | 元/克 | 0 | ਜ | | 周大福黄金价格 | 1498 | 元/克 | 0 | 27 | | 周六福黄金价格 | 1493 | 元/克 | 10 | 涨 | | 金至尊黄金价格 | 1496 | 元/克 | 0 | 27 | | 老凤祥黄金价格 | 1495 | 元/克 | 3 | 缺 | | 潮宏基黄金价格 | 1498 | 元/克 | 0 | 27 | | 周生生黄金价格 | 1492 | 元/克 | 3 | 跌 | | 菜百黄金价格 | ...

从资金流向上来看，当日饰品板块主力资金净流入1.68亿元，游资资金净流入726.02万元，散户资金净流 出1.75亿元。饰品板块个股资金流向见下表： 证券之星消息，1月21日饰品板块较上一交易日上涨1.75%，金一文化领涨。当日上证指数报收于 4116.94，上涨0.08%。深证成指报收于14255.12，上涨0.7%。饰品板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002721 | 金一文化 | 3.34 | 5.36% | 96.52万 | 3.13亿 | | 600735 | ST新华锦 | 5.90 | 4.98% | 2.17万 | 1279.59万 | | 300945 | 曼卡龙 | 18.70 | 4.24% | - 29.77万 | 5.47亿 | | 002731 | 萃华珠宝 | 13.56 | 3.67% | 23.31万 | 3.12亿 | | 002574 | 明牌珠宝 | 6.29 | 3.45% | 54.91万 | 3.41亿 | | ...

Summary of Company and Industry Insights Company: Cai Bai Co., Ltd. (菜百股份) Key Points - **Strong Growth Performance**: Cai Bai Co., Ltd. has shown accelerated performance since Q4, primarily due to strong demand in Beijing's gold and jewelry market, benefits from tax reforms, and rising gold prices. [1] - **Retail Sales Growth**: From January to November, retail sales of gold and jewelry in Beijing increased by 40.5% year-on-year, with further acceleration noted. For the period from January to September, the year-on-year growth was 33.5%. During the New Year holiday, Cai Bai's average daily sales doubled compared to the previous year. [1] - **Future Earnings Projections**: The company is expected to achieve over 900 million in earnings for the year 2025, with a projected quarterly growth rate exceeding 50% in Q4. The gold bar business is anticipated to maintain high growth in Q1 2026, while the jewelry business is expected to recover steadily. [1] - **Wealth Effect and Market Demand**: The increase in gold bar sales over the past two years has been driven not only by rising gold prices but also by changes in asset allocation and financial needs. Gold bars are viewed as a liquid and high-potential asset, serving as a vehicle for wealth effect. [2] - **Online Sales Channels**: Currently, 93.1% of sales in external markets are conducted through online channels, predominantly in the form of gold bars. This indicates significant opportunities for future expansion in external markets. [2] - **Valuation and Dividend Yield**: The company is considered undervalued with a high dividend yield. For 2026, a conservative estimate suggests a 15%-20% growth in earnings, corresponding to a profit of 1.05 billion. The projected dividend yield is 5.9%, with a valuation of 13 times earnings, indicating strong cost-effectiveness and continued recommendation for investment. [2]

Company Performance - Cai Bai Co., Ltd. achieved a historical high stock price of 19.16 yuan, with a 3.57% increase as of 9:32 AM, and a total market capitalization of 14.902 billion yuan [2] - The company reported a revenue of 20.472 billion yuan for the first three quarters, representing a year-on-year growth of 33.41% [2] - The net profit for the same period was 647 million yuan, showing a year-on-year increase of 16.74%, with a basic earnings per share of 0.8300 yuan and a weighted average return on equity of 15.76% [2] Industry Overview - The textile and apparel industry, to which Cai Bai Co., Ltd. belongs, experienced an overall decline of 0.02% [2] - Within the industry, 33 stocks saw price increases, with notable gainers including Tian Chuang Fashion and ST Xin Hua Jin, which rose by 10.05% and 4.98% respectively, alongside Cai Bai Co., Ltd. [2] - Conversely, 71 stocks faced declines, with the largest drops seen in Ju Jie Wei Xian, Yun Zhong Ma, and An Zheng Shi Shang, which fell by 2.39%, 1.77%, and 1.70% respectively [2]

Market Overview - The jewelry sector increased by 0.95% on January 20, with Cai Bai Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] Individual Stock Performance - Cai Bai Co., Ltd. (605509) closed at 18.50, up 3.24% with a trading volume of 73,800 shares and a turnover of 135 million yuan [1] - Chao Hong Ji (002345) closed at 13.56, up 2.34% with a trading volume of 212,200 shares and a turnover of 288.7 million yuan [1] - China Gold (600916) closed at 8.33, up 1.83% with a trading volume of 499,500 shares and a turnover of 414 million yuan [1] - Zhou Dazheng (002867) closed at 12.57, up 1.45% with a trading volume of 90,300 shares and a turnover of 113 million yuan [1] - Man Ka Long (300945) closed at 17.94, up 1.07% with a trading volume of 126,000 shares and a turnover of 225 million yuan [1] Capital Flow Analysis - The jewelry sector experienced a net outflow of 72.87 million yuan from institutional investors, while retail investors saw a net inflow of 48.13 million yuan [2] - The overall capital flow indicates that while institutional investors withdrew funds, retail investors were more active in purchasing [2] Detailed Capital Flow for Selected Stocks - Chao Hong Ji (002345) had a net inflow of 17.99 million yuan from institutional investors, but a net outflow from retail investors of 12.26 million yuan [3] - Lao Feng Xiang (600612) saw a net inflow of 4.22 million yuan from institutional investors, with a net outflow of 4.29 million yuan from retail investors [3] - Cai Bai Co., Ltd. (605509) had a net inflow of 3.86 million yuan from institutional investors, but also faced a net outflow from retail investors of 3.33 million yuan [3] - China Gold (600916) experienced a net inflow of 3.46 million yuan from institutional investors, while retail investors had a net outflow of 10.96 million yuan [3]

记者丨李益文 编辑丨叶映橙 安粮期货分析，以中国人民银行为代表的多国央行持续的购金行为，为金价提供了长期而稳定的结构性支撑。短期内，金价预计将在货币政策预期摇摆和美 元汇率波动的共同影响下，维持区间波动偏强格局。 （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） 出品 | 21财经客户端 21世纪经济报道 国际金价的飙升迅速传导至国内市场，国内知名金饰品牌报价普遍处于历史高位。其中，老庙黄金报1459元/克，较前一日上涨24元/克；老凤祥价报1456元/ 克，较前一日上涨20元/克；周大福报1455元/克，较前一日上涨19元/克；周生生报1451元/克，较前一日上涨15元/克；六福珠宝与金至尊均报1453元/克，较 上一日涨19元/克。 | 金店名称 | 黄金零售价 (元/克) | 黄金换购价( | | --- | --- | --- | | 周大福 | 1455 | 1011 | | 元福琉高 六福珠宝 | 1453 | 1236 | | 菜百首饰 | 1410 | | | 金至尊 | 1453 | 1239 | | 老凤祥 | 1456 | 1236 | | 命老庙 老庙黄金 | 1 ...

Core Insights - The 2026 Beijing Commercial Brand Conference and the announcement of the "Top Ten Commercial Brands of Beijing 2025" took place, focusing on the theme of "New Demand, New Supply" [1] - The event highlighted the importance of quality, taste, and brand in driving high-quality development in Beijing's commercial landscape [3] Group 1: Brand Recognition - The "Top Ten Commercial Brands of Beijing 2025" includes brands such as Beijing Daoxiangcun, Beijing Huaten, Beijing SKP, and Xiaomi, representing various sectors like shopping centers, dining, and e-commerce [3] - These brands are recognized as leaders in their fields and are pivotal in promoting the continuous development of Beijing's commercial sector [3][4] Group 2: Market Trends and Innovations - The year 2025 is characterized by industry integration and cross-border innovation, with new special awards introduced to recognize outstanding practices in financial products, cultural tourism, and fashion consumption [7] - The focus has shifted from production capacity to understanding market needs and stimulating demand, opening new opportunities for brands [4] Group 3: Service and Innovation - Four permanent sub-lists were established to recognize excellence in service quality, business model innovation, craftsmanship, and emerging brands, encouraging self-innovation and meeting diverse consumer needs [6] - The event also emphasized the rapid growth of the fashion and trendy play market in Beijing, with initiatives to promote these brands and enhance consumer experiences [8] Group 4: Future Directions - A new platform for cross-industry collaboration was launched, aimed at integrating various sectors such as culture, commerce, tourism, and sports, enhancing resource sharing and market cooperation [8] - The "Top Ten Commercial Brands" initiative has evolved over 20 years, reflecting the growth of numerous brands and the dynamic development of the commercial ecosystem in Beijing [8]

北京商报讯（记者 王维祎）1月16日，由北京市商务局指导，北京日报报业集团和北京市商业联合会共同主办，北京商报社承办的2026北京商业品牌大 会暨2025年度（第二十一届）北京十大商业品牌揭晓活动在北京国际饭店成功举办。本次活动以"新需求 新供给"为主题，政府领导、商业专家及企业 高层代表齐聚一堂，共同见证了代表北京商业最高水平的"2025年度北京十大商业品牌"等优秀品牌案例的揭晓。 北京稻香村 一方酥点藏山水，半口清甜载岁时。它不只是糕点铺，更是生活美学馆。百年字号以匠心重塑新中式风尚，让传统手艺在当代焕发诗意新生。 北京华天 它为餐饮老字号写下开放且年轻的新注解。从"餐饮天团"到科技赋能新场景，它让老北京的传统风味与数字时代握手，在守正中开拓新场景。 "2025年度北京十大商业品牌"主要表彰年度表现最为突出、引领行业发展方向的10家商业品牌，它们代表了年度北京商业发展的最高水平，拥有丰富的 品牌内涵和外延。北京稻香村、北京华天、北京SKP、北京三里屯太古里、菜百首饰、京东、美团、泡泡玛特、吴裕泰、小米10家品牌荣登"2025年度 北京十大商业品牌"。 以下为榜单详情： 北京SKP 它是全球首发中心的"首店 ...

Group 1 - Institutional research activity has decreased week-on-week, focusing on high-growth sectors and leading companies with strong certainty [1] - Chengdu Xian Dao (688222) received attention from 74 institutions, highlighting its focus on small molecule drug discovery and development services [1] - The company has established a strong technical barrier in drug research and development, participating deeply in the global innovative drug development industry [1] Group 2 - Chengdu Xian Dao's financial ratings show strong debt repayment ability (A, ranked 164) and capital structure (A, ranked 825), indicating significant competitive advantages [1] - The company has good development and profitability capabilities (both rated BBB, ranked 590 and 1394), suggesting strong business growth potential [1] - However, cash flow and asset quality are rated BB (ranked 1573 and 1757), indicating average performance [1] Group 3 - SWOT analysis reveals strengths in debt repayment ability exceeding industry benchmarks by 26.85% and development ability exceeding by 9.69% [2] - Weaknesses include a scale strength below industry benchmarks by 66.32% and capital structure, operational efficiency, and cash flow below benchmarks by 14.33%, 12.05%, and 13.07% respectively [2] - Opportunities for improvement exist in multiple capabilities compared to industry leader WuXi AppTec, with significant potential for growth in scale, asset quality, operational efficiency, and profitability [2] Group 4 - Chengdu Xian Dao's stock price is currently at 32.52 CNY per share, significantly overvalued compared to the fair value of 24.09 CNY, with a deviation rate of +35.0% [4] - If the growth in innovative drug development orders does not meet expectations, or if core operational indicators continue to decline, the overvaluation may lead to a correction [4] Group 5 - Cai Bai Co., Ltd. (605599) focuses on gold and jewelry retail, receiving attention from 51 institutions, indicating its competitive advantage in the market [5] - The company has strong operational efficiency (AA, ranked 62), debt repayment ability (A, ranked 66), and asset quality (A, ranked 354) [5] - However, its capital structure is rated CCC (ranked 3873), indicating a significant shortcoming in capital allocation [5] Group 6 - SWOT analysis for Cai Bai shows strengths in asset quality exceeding industry benchmarks by 82.73% and operational efficiency by 44.48% [6] - Weaknesses include a capital structure significantly below industry benchmarks by 19.25% [6] - Opportunities for growth exist in scale and capital structure improvements compared to industry leader Shanghai Pharmaceuticals [6] Group 7 - Stock price for Cai Bai is at 17.30 CNY per share, undervalued compared to the fair value of 25.74 CNY, with a deviation rate of -32.79% [7] - A recovery in consumer demand in the gold and jewelry sector could lead to a correction in the undervaluation [7] Group 8 - Shuanglin Co., Ltd. (noted as 8) focuses on automotive components, receiving attention from 55 institutions, reflecting market interest in its potential in the electric vehicle sector [8] - The company has strong debt repayment ability (A, ranked 397), profitability (A, ranked 790), and asset quality (A, ranked 620) [8] - However, its capital structure is rated CCC (ranked 3507), indicating a significant weakness [8] Group 9 - SWOT analysis for Shuanglin reveals strengths in asset quality exceeding industry benchmarks by 27.67% and development ability by 24.44% [9] - Weaknesses include a capital structure below industry benchmarks by 23.48% and operational efficiency below by 6.38% [9] - Opportunities for improvement exist in multiple capabilities compared to industry leaders [9] Group 10 - Stock price for Shuanglin is at 39.61 CNY per share, slightly overvalued compared to the fair value of 36.18 CNY, with a deviation rate of +9.48% [11] - Continued deterioration in core operational indicators or increased competition could lead to a valuation correction [11] Group 11 - Pulit (002324) specializes in modified plastics, receiving attention from 51 institutions, indicating market interest in its growth potential [12] - The company has strong cash flow (BBB, ranked 541), asset quality (BBB, ranked 1334), and scale strength (BBB, ranked 1080) [12] - However, its debt repayment ability (B, ranked 3116) and capital structure (B, ranked 3388) are significant weaknesses [12] Group 12 - SWOT analysis for Pulit shows strengths in cash flow exceeding industry benchmarks by 21.29% and development ability by 11.66% [13] - Weaknesses include a capital structure below industry benchmarks by 26.8% [13] - Opportunities for improvement exist in multiple capabilities compared to industry leader Zhongce Rubber [13] Group 13 - Stock price for Pulit is at 22.80 CNY per share, overvalued compared to the fair value of 17.64 CNY, with a deviation rate of +29.25% [15] - Continued deterioration in core operational indicators or increased competition could lead to a valuation correction [15] Group 14 - Tangyuan Electric (300789) focuses on rail transit detection and monitoring, receiving attention from 56 institutions, indicating market interest in its growth potential [16] - The company has asset quality (BB, ranked 1745) and capital structure (BB, ranked 2041) at moderate levels, but cash flow (CC, ranked 4782) and scale strength (C, ranked 4151) are poor [16] - SWOT analysis reveals strengths in asset quality exceeding industry benchmarks by 34.95% and development ability by 14.32% [17] Group 15 - Weaknesses include scale strength below industry benchmarks by 51.66% and cash flow below by 40.1% [17] - Opportunities for improvement exist in multiple capabilities compared to industry leader Guodian Nanrui [17] Group 16 - Stock price for Tangyuan Electric is at 23.38 CNY per share, slightly undervalued compared to the fair value of 26.94 CNY, with a deviation rate of -13.21% [18] - If the company can leverage its smart operation business to improve profitability, it may push the valuation back to a reasonable range [18]

Group 1 - The international gold price is reported at $4509.3 per ounce, while palladium is at $1815.5 per ounce and silver at $79.9 per ounce as of January 11 [1] - Domestic gold prices are quoted at ¥1011.5 per gram [1] Group 2 - Major domestic gold retailers have varying prices, with Chow Sang Sang at ¥1410 per gram being the highest and China Gold at ¥1372 per gram being the lowest [1] - Other notable prices include: - Chow Tai Fook, Liufuk Jewelry, and King of Gold all at ¥1406 per gram - Lao Miao at ¥1407 per gram - Lao Feng Xiang at ¥1399 per gram - Zhou Sixi at ¥1391 per gram [1]