Market Overview - The jewelry sector increased by 1.43% on August 20, with Chao Hong Ji leading the gains [1] - The Shanghai Composite Index closed at 3766.21, up 1.04%, while the Shenzhen Component Index closed at 11926.74, up 0.89% [1] Individual Stock Performance - Chao Hong Ji (002345) closed at 15.59, up 4.21% with a trading volume of 290,900 shares and a turnover of 446 million yuan [1] - Shen Zhonghua A (000017) closed at 6.84, up 4.11% with a trading volume of 455,800 shares and a turnover of 313 million yuan [1] - Lai Xi Tong Ling (603900) closed at 10.68, up 2.79% with a trading volume of 274,500 shares and a turnover of 289 million yuan [1] - Man Ka Long (300945) closed at 19.17, up 2.29% with a trading volume of 194,000 shares and a turnover of 370 million yuan [1] - Ming Pai Jewelry (002574) closed at 5.90, up 2.08% with a trading volume of 210,800 shares and a turnover of 123 million yuan [1] - Di A Shares (301177) closed at 29.93, up 1.91% with a trading volume of 21,800 shares and a turnover of 64.5 million yuan [1] - Cai Zi Shares (605599) closed at 15.26, up 1.46% with a trading volume of 51,000 shares and a turnover of 77.2 million yuan [1] - Xing Hua Jewelry (002731) closed at 13.57, up 1.34% with a trading volume of 100,200 shares and a turnover of 135 million yuan [1] - Zhou Da Sheng (002867) closed at 13.09, up 1.16% with a trading volume of 76,500 shares and a turnover of 99.5 million yuan [1] - Lao Feng Xiang (600612) closed at 47.67, up 0.82% with a trading volume of 18,000 shares and a turnover of 85.6 million yuan [1] Capital Flow Analysis - The jewelry sector saw a net inflow of 87.08 million yuan from institutional investors, while retail investors experienced a net outflow of 138 million yuan [2] - The overall capital flow indicates a strong interest from institutional investors despite the outflow from retail investors [2]

Market Overview - On August 18, the jewelry sector rose by 0.11% compared to the previous trading day, with Xinhua Jin leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up by 0.85%, while the Shenzhen Component Index closed at 11835.57, up by 1.73% [1] Individual Stock Performance - Xinhua Jin (600735) closed at 8.44, with a gain of 2.93% and a trading volume of 194,700 shares, amounting to a transaction value of 164 million yuan [1] - Ruibeka (600439) closed at 3.14, up by 1.95%, with a trading volume of 362,900 shares and a transaction value of 114 million yuan [1] - Diya Co. (301177) closed at 29.33, gaining 1.56% with a trading volume of 17,400 shares and a transaction value of 51 million yuan [1] - Other notable performances include: - Mingpai Jewelry (002574) at 5.78, up by 1.05% [1] - Chaohongji (002345) at 15.36, up by 0.66% [1] - Mankalon (300945) at 18.72, up by 0.38% [1] - China Gold (600916) at 8.16, up by 0.25% [1] - Laofengxiang (600612) at 47.37, up by 0.06% [1] - Zhou Dazheng (002867) at 13.02, down by 0.15% [1] Capital Flow Analysis - The jewelry sector experienced a net outflow of 191 million yuan from institutional investors, while retail investors saw a net inflow of 166 million yuan [2] - Notable capital flows for individual stocks include: - Chaohongji (002345) had a net inflow of 9.94 million yuan from institutional investors [3] - Xinhua Jin (600735) saw a net outflow of 6.83 million yuan from institutional investors [3] - Laofengxiang (600612) had a slight net inflow of 0.24 million yuan from retail investors [3] - Zhou Dazheng (002867) experienced a net outflow of 1.02 million yuan from institutional investors but a net inflow of 3.67 million yuan from retail investors [3]

Group 1: Beauty Sector Insights - Mao Ge Ping's department store same-store sales growth exceeds 10% YoY, while shopping plaza stores show over 20% growth[2] - Average customer spending in department stores is around 600-900 yuan, higher than 300-600 yuan in shopping centers, reflecting different customer demographics[2] - Mao Ge Ping expects over 20% sales growth for the full year of 2025[2] Group 2: Skincare and Product Focus - Mao Ge Ping's product mix consists of approximately 50% makeup, 45% skincare, and 5% perfume, with a strong reliance on star products in skincare[3] - The skincare segment still heavily depends on caviar star products, which account for over half of skincare sales[3] Group 3: Jewelry Market Trends - From January to July 2025, sales of Chow Tai Fook, Chow Sang Sang, and Zhou Liu Fu declined by 10%-20% YoY, while CHJ Jewellery increased by 40% YoY[4] - CHJ Jewellery's growth is attributed to lower gold prices and fixed-price products that attract consumers[4] Group 4: Sports Apparel Performance - Adidas and Nike's average customer spending decreased to 800-1500 yuan, while Anta and Li Ning increased to 500-700 yuan[5] - Columbia's sales grew by 10-15% YoY, while The North Face and Jack Wolfskin saw declines of 5-10% YoY[5]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Views - The retail sector shows steady recovery with a year-on-year increase of 4.8% in total retail sales from January to July 2025, and a 3.7% increase in July alone [5][25] - Online channels continue to grow, while offline growth rates are marginally slowing down; specific categories like gold and jewelry, as well as cosmetics, show significant improvement [5][30] - The report emphasizes the importance of consumer sentiment and suggests focusing on high-growth segments such as gold jewelry and domestic beauty brands [8][34] Summary by Sections Retail Market Overview - The retail index closed at 2214.55 points, up 0.44% for the week, underperforming the Shanghai Composite Index which rose by 0.86% [7][16] - The commercial property management sector saw the highest increase this week, while the jewelry sector has led the gains since the beginning of 2025 with a 30.19% increase [20][22] Retail Sales Data - In July 2025, retail sales reached 38,780 billion yuan, with a year-on-year growth of 3.7% [25] - Online retail sales for the first seven months of 2025 reached 86,835 billion yuan, growing by 9.2% year-on-year, with physical goods online sales at 70,790 billion yuan, up 6.3% [27][28] Key Investment Themes - **Gold and Jewelry**: Focus on brands with differentiated product offerings and consumer insights, recommending companies like Laopuhuangjin and Chaohongji [8][34] - **Cosmetics**: Highlighting the rise of domestic brands and the need for innovation in product offerings, with recommendations for brands like Maogeping and Pola [8][35] - **Offline Retail**: Emphasizing the transformation of retail enterprises to adapt to changing consumer behaviors, recommending companies like Yonghui Supermarket and Aiyingshi [8][34] - **Medical Aesthetics**: Suggesting investment in companies with differentiated product lines, recommending Aimeike and Kedi-B [8][36] Company Performance Highlights - Laopuhuangjin reported a revenue of 85.06 billion yuan in 2024, with a net profit increase of 253.9% [40] - Maogeping achieved a revenue of 38.85 billion yuan in FY2024, with a growth of 34.6% [36] - Yonghui Supermarket's revenue for Q1 2025 was 174.79 billion yuan, reflecting a decline of 19.3% [36]

金融界消息 截至2025年8月15日收盘，潮宏基（002345）报收于15.26元，上涨1.6%，换手率2.07%，成 交量17.96万手，成交金额2.74亿元。 资金流向方面，今日主力资金净流入1210.27万元，占比成交额4.42%。其中，超大单净流入621.01万 元、占成交额2.27%，大单净流入589.26万元、占成交额2.15%，中单净流出流出1175.13万元、占成交 额4.29%，小单净流出35.14万元、占成交额0.13%。 潮宏基最新一期业绩显示，截至2025一季报，公司营业总收入22.52亿元、同比增长25.36%，归属净利 润1.89亿元，同比增长44.38%，扣非净利润1.88亿元，同比增长46.17%，流动比率1.887、速动比率 0.487、资产负债率41.56%。 天眼查商业履历信息显示，广东潮宏基实业股份有限公司，成立于1996年，位于汕头市，是一家以从事 文教、工美、体育和娱乐用品制造业为主的企业。企业注册资本88851.2707万人民币，实缴资本 88851.2707万人民币。公司法定代表人为廖创宾。 通过天眼查大数据分析，广东潮宏基实业股份有限公司共对外投资了17家企业 ...

证券日报网讯8月14日晚间，潮宏基（002345）发布公告称，同意提名解浩然先生为公司第七届董事会 独立董事候选人。 ...

Core Points - The document outlines the information disclosure management system for Guangdong Chao Hong Ji Industrial Co., Ltd. after the issuance and listing of H shares, aiming to standardize disclosure practices and protect the rights of stakeholders [1][2][3] Group 1: General Principles - The company must comply with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China, as well as the rules of the Shenzhen Stock Exchange and Hong Kong Stock Exchange [2][3] - Information disclosure is defined as the timely reporting of information that may significantly impact the trading price of the company's securities [2][3] - The company must ensure that disclosed information is true, accurate, complete, and fair, and cannot substitute press releases for required reports [3][4] Group 2: Disclosure Obligations - The company is required to disclose information related to financial performance, mergers and acquisitions, stock issuance, significant operational matters, and legal proceedings [2][3][4] - Directors and senior management are responsible for ensuring the accuracy and completeness of disclosed information [3][4] - The chairman of the board is the primary responsible person for information disclosure, with the board secretary coordinating the disclosure process [4][5] Group 3: Regular Reports - The company must prepare and disclose annual and interim reports according to the relevant regulations, with financial reports audited by a qualified accounting firm [6][7] - Annual reports must include key financial data, shareholder information, and significant events affecting the company [8][9] - Interim reports must be disclosed within two months after the end of the first half of the fiscal year, including similar content as annual reports [9][10] Group 4: Temporary Reports - Temporary reports must be issued for significant events that could impact the company's securities prices, including major debts, legal issues, and operational changes [11][12] - The company must disclose any major events immediately after they occur or when they become known to the board or management [12][13] Group 5: Management of Disclosure - The board of directors is responsible for overseeing the information disclosure process, ensuring compliance with laws and regulations [24][25] - The board secretary is tasked with organizing and coordinating disclosure activities, maintaining communication with stakeholders [25][26] - Confidentiality measures must be in place to protect sensitive information before it is disclosed [54][55] Group 6: Legal Responsibilities - Individuals responsible for information disclosure may face penalties for violations that lead to significant impacts on the company [62][63] - The company retains the right to pursue claims against individuals or entities that improperly disclose information [64][65]

广东潮宏基实业股份有限公司章程 广东潮宏基实业股份有限公司 章 程 （草案） （H 股发行并上市后适用） 【】年【】月 广东潮宏基实业股份有限公司章程 目 录 广东潮宏基实业股份有限公司章程 第一章 总则 第一条 为维护公司、股东、职工和债权人的合法权益，规范公司的组织和 行为，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》"） 《境内企业境外发行证券和上市管理试行办 法》 （以下简称"《管理试行办法》"）、 《香港联合交易所有限公司证券上市规则》 （以下简称"《香港上市规则》"）和其他有关规定，制定本章程。 第二条 广东潮宏基实业股份有限公司系依照《公司法》及其它有关规定成 立的股份有限公司（以下简称"公司"）。 公司经商务部批准发起设立，并在广东省汕头市工商行政管理局注册登记， 领取营业执照，统一社会信用代码为 91440500279841957E。 第三条 公司于 2009 年 12 月 29 日经中国证券监督管理委员会（以下简称 "中国证监会"）核准，首次向社会公众发行人民币普通股 3,000 万股，于 2010 年 公司于【】年【】月【 ...

广东潮宏基实业股份有限公司 第三条 审计委员会成员由公司三名董事组成，全部为不在公司担任高级管理人 员的董事，其中独立董事应过半数，由会计专业的独立董事担任主任委员（召集人）。 董事会成员中的职工代表可以成为审计委员会成员。 第四条 审计委员会委员由董事长、二分之一以上独立董事或者全体董事的三分 之一提名，并由董事会选举产生。 第五条 审计委员会设主任委员（召集人）一名，负责主持委员会工作；主任委 员在委员内选举，并报请董事会批准产生。 第一章 总则 第一条 为强化董事会决策功能，做到事前审计、专业审计，确保董事会对经理 层的有效监督，完善公司治理结构，根据《中华人民共和国公司法》、 《上市公司治理 准则》、 《公司章程》及其他有关规定，公司特设立董事会审计委员会，并制定本实施 细则。 第二条 董事会审计委员会是董事会按照《公司章程》设立的专门工作机构，主 要负责审核公司财务信息及其披露、监督及评估公司内、外部审计工作和内部控制工 作。 第二章 人员组成 第六条 审计委员会任期与董事会一致，委员任期届满，连选可以连任。期间如 有委员不再担任公司董事职务，自动失去委员资格，并由委员会根据上述第三至第五 条规定补 ...

（2025 年 8 月） 第一章 总则 广东潮宏基实业股份有限公司 第一条 为进一步完善公司治理，强化董事会决议及决定的执行力，推动经营 战略和业务目标的圆满达成，明确董事会执行委员会职责权限和议事程序，根据 《中华人民共和国公司法》、《公司章程》及有关规定，结合公司的实际情况， 制定本实施细则。 第二条 董事会执行委员会（以下简称"执委会"）是经公司董事会批准设立的 董事会专设机构，在董事会闭会期间，行使相关制度规定的及董事会授予的职权， 对董事会负责。 第三条 本实施细则为执委会全体委员的行为准则，并适用于广东潮宏基实业 股份有限公司。 第二章 董事会执行委员会的组成 第四条 公司董事会执行委员会由四名执行委员组成，由董事长提名，董事会 任命和更换，执行委员任期与董事会任期一致，每届任期为三年，可以连选连任。 第五条 董事会执行委员会设主席一人，负责主持委员会工作，由董事长提名， 董事会任命和更换。 第六条 执行委员会任期内如有委员不再担任公司董事职务，自动失去委员资 格，并由委员会根据上述第四至第五条规定补足委员人数。执行委员在任职期间， 擅自离职或其行为给公司造成重大损失的，执委会应当及时建议董事会予 ...