具体而言，10月1日，周生生足金首饰境内价格为1130元/克，单克较两日前（9月29日）上涨19元；周 大福足金（首饰、摆件类）、六福珠宝足金999/足金、谢瑞麟足金饰品、潮宏基足金（首饰摆件）境内 价格为1129元/克，单克较两日前上涨21元；老庙黄金上海区域足金饰品价格为1125元/克，单克较两日 前上涨17元。 （文章来源：上海证券报） 北京时间10月1日，金价再创新高。Wind数据显示，截至发稿，伦敦现货黄金盘中最高价突破3890美元/ 盎司，截至发稿报3891.638美元/盎司。记者获悉，多家黄金珠宝品牌当日公布的境内足金首饰价格也 水涨船高，最高已攀升至1130元/克。 ...

Core Viewpoint - The recent announcement of a major shareholder's reduction in holdings at Chao Hong Ji highlights the company's strong stock performance and rapid revenue growth, despite declining profit margins [1][3]. Financial Performance - In the first half of 2025, Chao Hong Ji achieved a revenue of 4.102 billion yuan, representing a year-on-year increase of 19.54%, and a net profit of 331 million yuan, up 44.34% year-on-year [1][2]. - The revenue from the franchise channel reached 2.244 billion yuan, a 36.24% increase from 1.364 billion yuan in the same period last year [1][2]. - The wholesale channel saw a significant revenue increase of 97.10%, although its overall scale was small, amounting to only 101 million yuan [1][2]. Shareholder Activity - The second-largest shareholder, Dongguan Group, completed a share reduction plan, selling 8.8849 million shares (1% of total shares) at an average price of 14.97 yuan, resulting in approximately 133 million yuan in cash [3][4]. Sales Channels - Chao Hong Ji's sales model includes self-operated, franchise, and wholesale channels, with the franchise channel experiencing rapid growth [1][5]. - The gross margin for the self-operated channel was 37.79%, while the franchise channel's gross margin was significantly lower at 16.81% [4][5]. Brand Strategy - The company focuses on high-end fashion consumer goods, particularly in jewelry and fashion bags, and has engaged in IP collaborations with well-known cartoon brands to attract younger consumers [1][2].

Investment Rating - The report maintains a "Buy" rating for the company [2][7] Core Views - The company is expected to experience strong terminal sales and accelerated channel expansion, leading to an upward revision of profit forecasts for 2025-2027 to 600 million, 750 million, and 950 million yuan respectively, with corresponding year-on-year growth rates of +212.0%, +24.8%, and +26.6% [6][7] - The company’s brand strategy is forward-looking, targeting young and fashionable consumer groups, which enhances its competitive differentiation [6][18] - The company is positioned to benefit from the ongoing channel expansion and the digitalization of store operations, which will improve efficiency and market penetration [6][65] Financial Data and Profit Forecast - Total revenue forecast for 2024 is 6,518 million yuan, with a year-on-year growth rate of 10.5% [5] - The projected net profit for 2025 is 604 million yuan, reflecting a significant increase from the previous year [5] - The company’s price-to-earnings (PE) ratio is expected to be 21X in 2025, compared to a comparable company average of 32X [7] Brand Strength Analysis - The company has established a strong brand presence among young consumers, with 70% of its customer base aged between 18-40 [6][30] - The brand's marketing strategy effectively combines traditional cultural elements with modern aesthetics, enhancing consumer engagement [6][32] - The company has a significant market share in the gold jewelry sector, with an 8.2% share in the gold bead market, ranking first [6][58] Product Strength Analysis - The company has a mature product development system that emphasizes design and cultural significance, leading to premium pricing [6][37] - The product strategy includes a clear focus on expanding the customer base and increasing average transaction value through high-end offerings [6][56] - The company’s IP product line is well-received, leveraging emotional connections with consumers to drive repeat purchases [6][49] Channel Expansion - The company is in a favorable position for franchise expansion, with a significant number of new stores planned in first-tier cities [6][65] - The digitalization of store operations is expected to enhance sales efficiency and customer experience [6][68] - The company has a robust franchise model that attracts partners due to its unique brand positioning and market potential [6][68]

Core Viewpoint - Chao Hong Ji's stock price has seen significant fluctuations, with a year-to-date increase of 160.07%, but recent declines in the short term [1][2] Group 1: Stock Performance - On September 30, Chao Hong Ji's stock rose by 2.05%, reaching 14.46 CNY per share, with a trading volume of 1.32 billion CNY and a turnover rate of 1.07%, resulting in a total market capitalization of 12.848 billion CNY [1] - The stock has experienced a decline of 6.29% over the last five trading days, 12.36% over the last 20 days, and 5.24% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" six times this year, with the most recent appearance on June 5, where it recorded a net purchase of 1.30 billion CNY [1] Group 2: Company Overview - Chao Hong Ji, established on March 7, 1996, and listed on January 28, 2010, is based in Shantou, Guangdong, and specializes in high-end fashion jewelry design, research, production, and sales, along with handbag business [2] - The revenue composition includes fashion jewelry products (48.53%), traditional gold products (44.63%), brand agency and franchise services (3.00%), leather goods (2.99%), and other products (0.86%) [2] - As of June 30, 2025, the company reported a revenue of 4.102 billion CNY, a year-on-year increase of 19.54%, and a net profit attributable to shareholders of 331 million CNY, up 44.34% [2] Group 3: Shareholder Information - Chao Hong Ji has distributed a total of 1.897 billion CNY in dividends since its A-share listing, with 800 million CNY distributed in the last three years [3] - As of June 30, 2025, the number of shareholders increased by 51.55% to 40,400, with an average of 21,446 circulating shares per shareholder, a decrease of 33.99% [2][3] - Notable institutional shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 6.1406 million shares, and several new entrants among the top ten circulating shareholders [3]

Core Viewpoint - The article highlights the significant rise in gold prices, which have reached a historical high of $3,800 per ounce, marking a 45% increase this year, the largest annual gain since 1979. This surge is expected to influence the jewelry market as brands adjust their prices ahead of the upcoming holiday season [1][4]. Price Adjustments by Jewelry Brands - Multiple jewelry brands have raised their "one-price" product prices due to the rising gold prices. For instance, Chow Tai Fook announced that price adjustments would begin in October, with some popular items seeing increases of 30% to 40% [4][3]. - Chao Hong Ji has also started changing price tags, with certain items seeing price hikes between 200 to 500 yuan. The adjustments are based on gold market trends and the company's marketing strategies [4]. - On September 24, Chow Sang Sang increased the prices of its gold jewelry by 100 to 500 yuan, with variations depending on the style [4]. Market Dynamics and Investment Trends - The recent surge in gold prices has attracted significant global investment, with SPDR increasing its holdings by 18.9 tons on September 19 and reaching a total of 1,005.72 tons [8]. - Bank of America reported a record inflow of $17.6 billion into the gold market over the past four weeks, indicating strong investor interest despite warnings of an "overbought" status [8]. - Analysts suggest that the current gold price increase is driven by lower opportunity costs due to declining dollar asset yields and heightened geopolitical tensions, particularly in the Middle East [9].

（编辑 楚丽君） 证券日报网讯 9月29日晚间，潮宏基发布公告称，2025年半年度权益分派方案为：以公司现有总股本 888，512，707股为基数，向全体股东每10股派1.00元人民币现金（含税）。股权登记日为2025年10月 14日，除权除息日为2025年10月15日。 ...

Group 1 - The company Guangdong Chao Hong Ji Industrial Co., Ltd. announced the cash dividend distribution plan for the first half of 2025 [1] - The plan was approved at the second extraordinary general meeting of shareholders in 2025, with a total share capital of 888,512,707 shares as the basis for distribution [1] - The cash dividend is set at 1.00 yuan per 10 shares (including tax), with the record date for shareholders being October 14, 2025, and the ex-dividend date on October 15, 2025 [1] Group 2 - The distribution will be made to all registered shareholders, with the cash dividends for some shareholders being distributed directly by the company [1] - The announcement date for this dividend distribution is September 30, 2025 [1]

证券代码：002345 证券简称：潮宏基 公告编号：2025-053 广东潮宏基实业股份有限公司 关于持股 5%以上股东减持计划期限届满暨 实施情况的公告 股东东冠集团有限公司保证向本公司提供的信息内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 广东潮宏基实业股份有限公司（以下简称"公司"或"本公司"）于 2025 年 6 月 6 日披露了《关于持股 5%以上股东减持股份预披露公告》（公告编号： 2025-028），持有公司股份 77,000,000 股（占本公司总股本比例 8.67%）的股东 东冠集团有限公司（以下简称"东冠集团"）计划自公告发布之日起 15 个交易 日后的三个月内（即 2025 年 6 月 27 日至 2025 年 9 月 26 日）通过集中竞价方式 或大宗交易方式减持本公司股份不超过 26,655,380 股，占本公司总股本比例 3%。 其中，以集中竞价交易方式减持的，在任意连续 90 个自然日内，减持股份的总 数不超过公司总股本的 1%；以大宗交易方式减持的，在任意连续 90 个自然日内， 减持股份的总数 ...

证券代码：002345 证券简称：潮宏基 公告编号：2025- 054 广东潮宏基实业股份有限公司 2025 年半年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 广东潮宏基实业股份有限公司（以下简称"公司"或"本公司"）2025年半 年度权益分派方案已获2025年9月1日召开的2025年第二次临时股东会审议通过。 本次实施的权益分派方案与公司2025年第二次临时股东会审议通过的分配方案一 致。公司本次分配方案以固定总额的方式分配，自该分配方案披露至实施期间公 司股本总额未发生变化。本次权益分派方案实施时间距离2025年第二次临时股东 会审议通过时间未超过2个月。现将权益分派事宜公告如下： 一、权益分派方案 本公司2025年半年度权益分派方案为：以公司现有总股本888,512,707股为基 数，向全体股东每10股派1.00元人民币现金（含税；扣税后，通过深股通持有股 份的香港市场投资者、QFII、RQFII以及持有首发前限售股的个人和证券投资基 金每10股派0.90元；持有首发后限售股、股权激励限售股及无限售流通股的个人 股息红利税实行差别 ...

Group 1 - The cultivated diamond concept index declined by 0.44% as of the market close on September 29, ranking among the top decliners in the concept sector [1] - Within the cultivated diamond sector, companies such as Chao Hong Ji and Woerde experienced significant declines, while *ST Yazhen, Guoli Electronics, and Chujian New Materials saw increases of 4.52%, 2.86%, and 1.39% respectively [1] - The cultivated diamond sector experienced a net outflow of 376 million yuan in principal funds today, with 11 stocks seeing net outflows, and 7 stocks exceeding 10 million yuan in outflows [2] Group 2 - The top net outflow stock in the cultivated diamond sector was Guoji Jinggong, with a net outflow of 202 million yuan, followed by Jing Sheng Jidian and Chao Hong Ji with net outflows of 69.44 million yuan and 51.89 million yuan respectively [2] - Conversely, the stocks with the highest net inflows included Guoli Electronics, China Gold, and Yuyuan Shares, with net inflows of 19.02 million yuan, 13.97 million yuan, and 7.69 million yuan respectively [2] - The trading volume for Guoji Jinggong was 7.78%, while *ST Yazhen had a trading volume of 2.18% with a gain of 4.52% [3]