一、会议以 9 票同意、0 票反对、0 票弃权，审议通过了《关于董事会换届 选举的议案》。 鉴于公司第六届董事会任期即将届满，根据《公司法》、《公司章程》、《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》和《董 事会议事规则》等有关规定，公司按照相关程序对董事会进行换届选举。 证券代码：002345 证券简称：潮宏基 公告编号：2024-038 广东潮宏基实业股份有限公司 第六届董事会第十三次会议决议公告 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"）第六届董事会第十三次 会议于 2024 年 11 月 6 日在公司会议室以现场和通讯相结合的方式召开。本次会 议的通知及会议资料已于 2024 年 11 月 2 日以专人送达、电子邮件及传真形式通 知了全体董事、监事和高级管理人员。出席本次董事会会议的应到董事为 9 人， 实到董事 9 人，其中独立董事 3 名。公司监事、高级管理人员列席了会议。本次 会议的通知、召开以及参会董事人数均符合相关法律、法规、规则及《公司章程》 的有关规定。与会 ...

证券代码：002345 证券简称：潮宏基 公告编号：2024-043 广东潮宏基实业股份有限公司 关于召开 2024 年第一次临时股东大会的通知 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"）第六届董事会第十三 次会议决定于 2024 年 11 月 22 日召开公司 2024 年第一次临时股东大会，本次 股东大会以现场表决与网络投票相结合的方式召开。现将会议的有关事项公告 如下： 一、召开会议的基本情况 1、股东大会届次：2024 年第一次临时股东大会。 2、股东大会的召集人：公司董事会 3、会议召开的合法、合规性：本次股东大会的召开程序符合有关法律法规、 部门规章、规范性文件、深交所业务规则和《公司章程》的规定。 4、会议召开的日期、时间： （1）现场会议时间：2024 年 11 月 22 日（星期五）15：00 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2024 年 11 月 22 日 9：15—9：25，9：30—11：30 和 13：00—15：00；通过深 圳证券交易所互联网投 ...

证券代码：002345 证券简称：潮宏基 公告编号：2024-039 广东潮宏基实业股份有限公司 第六届监事会第十二次会议决议公告 日起三年。 《关于公司监事会换届选举的公告》（公告编号：2024-041）详见公司指定信 息披露媒体《证券时报》、《中国证券报》和巨潮资讯网（http://www.cninfo.com.cn）。 特此公告 广东潮宏基实业股份有限公司监事会 2024 年 11 月 7 日 本公司及监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"）第六届监事会第十二次 会议于 2024 年 11 月 6 日在公司会议室以现场方式召开。本次会议由公司监事会 主席郑春生先生召集和主持，会议通知已于 2024 年 11 月 2 日以专人送达、传 真、电子邮件等方式送达给全体监事。会议应到监事 3 名，实际出席会议的监事 共 3 名，公司董事会秘书列席本次监事会。本次会议召集、召开符合《公司法》 和《公司章程》的有关规定。与会监事经认真审议和表决，通过以下决议： 以 3 票同意、0 票反对、0 票弃权，一致审议通过了《关于 ...

Investment Rating - The investment rating for the company is "Outperform the Market" and is maintained [1] Core Views - The company reported a decrease in revenue and net profit for Q3 2024, with revenue at 1.427 billion yuan, down 4.36% year-on-year, and net profit at 86 million yuan, down 17.21% year-on-year [4][5] - The gross profit margin improved to 24.2% in Q3 2024, an increase of 0.9 percentage points from the previous quarter [5] - The company continues to expand its franchise network, adding 50 new franchise stores in Q3 2024, bringing the total to 1,482 stores [5][6] Summary by Sections Financial Performance - Q3 2024 revenue was 1.427 billion yuan, a decrease of 4.36% year-on-year - Q3 2024 net profit was 86 million yuan, a decrease of 17.21% year-on-year - Q3 2024 gross profit margin was 24.2%, down 2.25 percentage points year-on-year but up 0.9 percentage points quarter-on-quarter [4][5] Store Expansion - As of September 2024, the total number of "CHJ Chaohongji" jewelry stores reached 1,482, with 1,236 franchise stores, a net increase of 126 stores since the beginning of the year - In Q3 2024, 4 new direct stores were added, including 3 in East China and 1 in Malaysia [5][6] Profitability and Forecast - The company is focusing on enhancing its product lines and has received positive feedback on new product launches in collaboration with renowned artists and designers [6] - The profit forecast for 2024-2026 is set at 356 million, 412 million, and 450 million yuan respectively, with a projected price-to-earnings ratio of 13-15x for 2024 [6][7]

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 5.39 RMB [2][3][7] Core Views - The company's 24Q3 revenue was 48.59 billion RMB, up 8.01% YoY, while net profit attributable to shareholders was 3.16 billion RMB, up 0.95% YoY However, 24Q3 revenue and net profit declined by 4.36% and 17.21% YoY respectively [1] - The company outperformed the industry in terms of revenue growth Despite a 10.4%, 12%, and 7.8% YoY decline in gold and jewelry retail sales in July, August, and September respectively, the company's sales were less impacted due to its younger product positioning and better differentiation [1] - The company's gross margin in 24Q3 decreased by 2.3 percentage points YoY, likely due to changes in product and channel structure Sales, management, and R&D expense ratios decreased by 0.3, 0.2, and 0 percentage points respectively, while the net profit margin dropped by 0.9 percentage points to 6.1% [1] - The company is actively expanding its overseas business, with its first overseas store opening in Malaysia's IOI City Mall in August, showing strong sales momentum and enhancing its international presence [1] - The company's differentiated brand and product positioning, catering to younger consumers, and its relatively small sales base provide ample room for future growth, supporting a positive outlook for its medium to long-term prospects [1] Financial Forecasts - The report adjusts the company's EPS forecasts for 2024-2026 to 0.38, 0.49, and 0.56 RMB respectively, down from previous estimates of 0.48, 0.59, and 0.70 RMB [2][7] - Revenue is expected to grow by 5.9%, 11.8%, and 10.1% in 2024, 2025, and 2026 respectively, reaching 6.248 billion, 6.987 billion, and 7.693 billion RMB [5] - Net profit attributable to shareholders is projected to grow by 1.0%, 28.9%, and 15.3% in 2024, 2025, and 2026 respectively, reaching 337 million, 434 million, and 500 million RMB [5] - The company's gross margin is expected to decline slightly from 26.1% in 2023 to 23.6%, 23.3%, and 23.4% in 2024, 2025, and 2026 respectively, while the net margin is expected to improve from 5.7% in 2023 to 6.2% and 6.5% in 2025 and 2026 [5] Industry Comparison - The company's valuation is based on a 2025 PE multiple of 11x, in line with peers such as Chow Tai Fook (10x), Chow Sang Sang (9x), and China Gold (12x) [8] - The adjusted average PE multiple for comparable companies is 12x for 2024, 11x for 2025, and 10x for 2026 [8]

Financial Performance - The company's revenue for Q3 2024 was CNY 1,427,880,505.13, a decrease of 4.36% compared to the same period last year[2]. - Net profit attributable to shareholders was CNY 86,428,570.20, down 17.21% year-on-year, while net profit after deducting non-recurring gains and losses was CNY 84,694,377.85, a decrease of 17.71%[2]. - Total operating revenue for the period reached CNY 4,859,305,302.38, an increase from CNY 4,499,040,048.12 in the previous period, representing a growth of approximately 8%[13]. - Net profit for the period was CNY 315,936,524.50, slightly up from CNY 315,827,088.13 in the previous period, indicating a marginal increase[14]. - Total comprehensive income for the period was CNY 314,993,581.40, compared to CNY 321,426,218.54 in the previous period, showing a slight decline[14]. - Operating profit for the period was CNY 381,041,014.71, up from CNY 375,200,295.96 in the previous period, indicating a growth of approximately 1%[14]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 5,976,617,026.61, reflecting an increase of 4.17% from the end of the previous year[2]. - The total assets of Guangdong Chao Hong Ji Industrial Co., Ltd. at the end of Q3 2024 amounted to CNY 5,976,617,026.61, an increase from CNY 5,737,487,218.17 at the beginning of the period[10]. - Current assets totaled CNY 4,240,404,890.53, compared to CNY 4,061,246,973.88 at the start of the quarter, reflecting a growth of approximately 4.4%[10]. - Total liabilities decreased to CNY 2,076,671,739.29 from CNY 1,919,971,499.65, showing a reduction of about 8.2%[11]. - The company's equity increased to CNY 3,899,945,286.32 from CNY 3,817,515,718.52, reflecting a growth of approximately 2.2%[11]. - The total liabilities and equity increased to CNY 5,976,617,026.61 from CNY 5,737,487,218.17, indicating a growth in the company's financial structure[12]. Cash Flow - The net cash flow from operating activities was CNY 444,900,788.47, down 8.42% year-on-year[2]. - The company's cash flow from financing activities showed a significant decrease of 48.13%, amounting to CNY -454,364,112.70, due to increased debt repayment and dividend payouts[5]. - The total cash inflow from operating activities for the current period was ¥5,311,945,115.59, compared to ¥5,194,149,033.34 in the previous period, reflecting an increase of approximately 2.26%[15]. - The net cash flow from operating activities was ¥444,900,788.47, down from ¥485,782,537.81 in the previous period, indicating a decrease of about 8.4%[15]. - The cash inflow from investment activities totaled ¥498,592,316.43, up from ¥349,052,785.09 in the previous period, representing an increase of approximately 42.9%[15]. - The net cash flow from financing activities was -¥454,364,112.70, worsening from -¥306,725,927.85 in the previous period[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 31,366, with the largest shareholder holding 28.55% of the shares[6]. Other Financial Metrics - The weighted average return on equity was 2.34%, a decrease of 0.45% compared to the previous year[2]. - The company reported a tax expense of CNY 65,534,023.76, compared to CNY 60,580,059.60 in the previous period, representing an increase of approximately 8%[14]. - Research and development expenses were CNY 43,746,042.35, down from CNY 46,961,569.85 in the previous period, showing a decrease of approximately 7%[13]. - Basic and diluted earnings per share increased to CNY 0.36 from CNY 0.35 in the previous period, indicating a positive trend in profitability per share[14]. - Sales expenses decreased to CNY 564,718,907.49 from CNY 611,092,943.01, reflecting a reduction of about 8%[13].

股票代码：002345 股票简称：潮宏基 公告编号：2024-036 广东潮宏基实业股份有限公司 以上经营数据为初步统计数据，最终数据以定期报告为准，特此提醒投资者注 意。 特此公告 广东潮宏基实业股份有限公司董事会 2024年10月16日 关于公司 9 月份新增直营门店情况简报的公告 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。 根据《深圳证券交易所行业信息披露指引第11号——上市公司从事珠宝相关 业务》的要求，广东潮宏基实业股份有限公司（以下简称"公司"）现将2024年9 月份公司旗下珠宝品牌新增直营门店概况公告如下： | 序 | | 门店名称 | | | 所在 经营 | 开业时间 | 面积 | 投资金额 | 主要商品类别 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | | | | | 地区 形式 | | （㎡） | （万元） | | | 1 | CHJ | 宁波 店 | K11 | 华东 直营 | | 2024-09-28 | 106.00 | 587.30 | ...

Summary of Conference Call Company/Industry Involved - The conference call involves the retail industry, specifically focusing on the company "开源零售" (Kaiyuan Retail) and its collaboration with "开源社福" (Kaiyuan Social Welfare) [1] Core Points and Arguments - The call is hosted by the analysis team of Kaiyuan Retail, led by analyst 骆峥 (Luo Zheng) [1] - The meeting is part of a series titled "商社观察开源视角" (Business Society Observation from Kaiyuan Perspective) [1] Other Important but Possibly Overlooked Content - The call aims to provide insights and observations regarding the retail sector and its dynamics [1]

证券代码：002345 证券简称：潮宏基 公告编号：2024-035 广东潮宏基实业股份有限公司 2024 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"）于2024年8月26日召开 第六届董事会第十一次会议和第六届监事会第十次会议审议通过了《2024年半年 度利润分配方案》。本次实施的权益分派方案与公司第六届董事会第十一次会议 审议通过的分配方案一致，未超过公司2024年5月17日召开的2023年度股东大会 审议通过的《关于2024年中期现金分红规划的议案》的授权范围，无需提交股东 大会审议。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。本次实施权益分派距离董事会审议通过利润分配 方案时间未超过两个月。现将权益分派事宜公告如下： 一、权益分派方案 本公司2024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、RQFI ...

股票代码：002345 股票简称：潮宏基 公告编号：2024-034 广东潮宏基实业股份有限公司 特此公告 广东潮宏基实业股份有限公司董事会 2024年9月18日 根据《深圳证券交易所行业信息披露指引第11号——上市公司从事珠宝相关 业务》的要求，广东潮宏基实业股份有限公司（以下简称"公司"）现将2024年8 月份公司旗下珠宝品牌新增直营门店概况公告如下： | 序 | 门店名称 | | 所在 | 开业时间 | 经营 | 面积 | 投资金额 | 主要商品类别 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | | | 地区 | | 形式 | （㎡） | （万元） | | | 1 | 潮宏基马来 City Mall | IOI 门店 | 马来西亚 吉隆坡 | 2024-08-31 | 直营 | 171.96 | 1,838.02 | 时尚珠宝首 饰、黄金饰品 | | 2 | 潮宏基 杭州湖滨银泰 | Soufflé | 华东 | 2024-08-01 | 直营 | 39.00 | 393.79 | 时尚珠宝首 饰、黄金饰品 | | 3 | ...