目 录 非经营性资金占用及其他关联资金往来情况的 为了更好地理解明牌珠宝公司 2024 年度非经营性资金占用及其他关联资金 往来情况，汇总表应当与已审的财务报表一并阅读。 专项审计说明 天健审〔2025〕7447 号 浙江明牌珠宝股份有限公司全体股东： 我们接受委托，审计了浙江明牌珠宝股份有限公司（以下简称明牌珠宝公司） 2024 年度财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司所有者权 益变动表，以及财务报表附注，并出具了审计报告。在此基础上，我们审计了后 附的明牌珠宝公司管理层编制的 2024 年度《非经营性资金占用及其他关联资金 往来情况汇总表》（以下简称汇总表）。 一、对报告使用者和使用目的的限定 本报告仅供明牌珠宝公司年度报告披露时使用，不得用作任何其他目的。我 们同意将本报告作为明牌珠宝公司年度报告的必备文件，随同其他文件一起报送 并对外披露。 一、非经营性资金占用及其他关联资金往来情况的专项 审计说明…………………………………………………………第 1—2 页 二、非经营性资金占用及其他关联资金往 ...

目 录 一、关于营业收入扣除情况的专项核查意见………………………第 1—2 页 二、2024 年度营业收入扣除情况表…………………………………第 3—4 页 关于营业收入扣除情况的专项核查意见 天健审〔2025〕7685 号 浙江明牌珠宝股份有限公司全体股东： 我们接受委托，审计了浙江明牌珠宝股份有限公司（以下简称明牌珠宝公司） 2024 年度财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司所有者权 益变动表，以及财务报表附注，并出具了审计报告。在此基础上，我们核查了后 附的明牌珠宝公司管理层编制的《2024 年度营业收入扣除情况表》（以下简称 扣除情况表）。 一、对报告使用者和使用目的的限定 本报告仅供明牌珠宝公司年度报告披露时使用，不得用作任何其他目的。我 们同意将本报告作为明牌珠宝公司年度报告的必备文件，随同其他文件一起报送 并对外披露。 为了更好地理解明牌珠宝公司 2024 年度营业收入扣除情况，扣除情况表应 当与已审的财务报表一并阅读。 二、管理层的责任 明牌珠宝公司管理层的责任是提供真实、合法、完整的 ...

| 名称 | 持有数量(万股) | 占总股本比例(%) | 增减情况(万股) | | --- | --- | --- | --- | | 浙江日月首饰集团有限公司 | 16459.15 | 31.17 | 不变 | | 永盛国际投资集团有限公司 | 11510.33 | 21.80 | 不变 | | 日月控股有限公司 | 598.44 | 1.13 | 不变 | | 孙明伟 | 322.52 | 0.61 | 不变 | | 胡玉兰 | 187.10 | 0.35 | -540.12 | | 查磊 | 150.00 | 0.28 | 新进 | | 张青 | 147.27 | 0.28 | 新进 | | 陈琪 | 140.18 | 0.27 | 新进 | | 胡浩响 | 126.45 | 0.24 | 新进 | | 陈焕棱 | 125.55 | 0.24 | 新进 | | | 较上个报告期退出前十大股东有 | | | | 朱军 | 450.00 | 0.85 | 退出 | | 王建军 | 427.14 | 0.81 | 退出 | | 罗卫国 | 329.40 | 0.62 | 退出 | | 张云海 | 304.9 ...

Financial Performance - The company's operating revenue for 2024 was ¥3,934,284,490.33, a slight decrease of 0.08% compared to ¥3,937,373,603.51 in 2023[19]. - The net profit attributable to shareholders for 2024 was ¥17,977,465.06, representing a significant decline of 88.70% from ¥159,083,634.00 in 2023[19]. - The cash flow from operating activities for 2024 was ¥7,258,283.92, down 97.64% from ¥307,917,413.97 in 2023[19]. - Basic earnings per share for 2024 were ¥0.03, a decrease of 90.00% compared to ¥0.30 in 2023[19]. - Total assets at the end of 2024 were ¥7,027,594,983.48, a decrease of 4.80% from ¥7,382,251,442.40 at the end of 2023[19]. - The company reported a significant increase in non-recurring losses, with a total of ¥195,918,218.55 in 2024 compared to ¥103,260,303.74 in 2023[25]. - The average return on equity for 2024 was 0.58%, down from 5.27% in 2023[19]. - Total revenue for 2024 was CNY 3,934,284,490.33, a slight decrease of 0.08% compared to CNY 3,937,373,603.51 in 2023[77]. - Jewelry segment revenue decreased by 18.59% to CNY 3,064,495,874.52, accounting for 77.89% of total revenue[77]. - The real estate marketing segment saw a revenue increase of 64.28% to CNY 247,554,026.63, representing 6.29% of total revenue[77]. - The new energy photovoltaic segment experienced a significant revenue increase of 2,705.35% to CNY 622,234,589.18, making up 15.82% of total revenue[77]. Market Conditions - The company faced challenges in the jewelry industry, with effective demand being relatively insufficient and increased risks and challenges[30]. - In 2024, the jewelry market in China is projected to decline by 5.02% to approximately CNY 778.8 billion, while the gold products market is expected to grow by 9.8% to around CNY 568.8 billion[31]. - The average gold price in 2024 increased by 27.87%, marking the largest annual increase since 2009, despite a 9.58% decline in gold consumption to 985.31 tons[33]. - The retail sales of gold and silver jewelry in China reached CNY 330 billion in 2024, a decrease of 3.1% year-on-year, yet maintaining a historical high above CNY 300 billion[34]. - The demand for platinum jewelry in China grew by 1% to 12.8 tons in 2024, with the market size reaching approximately CNY 3.48 billion, reflecting a 1.46% increase[35]. - Online jewelry sales in China increased by 16.4% in 2024, highlighting the importance of e-commerce in driving industry growth[36]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the company's board and management[3]. - The company has established a transparent performance evaluation and incentive mechanism for directors and senior management, ensuring compliance with legal standards[125]. - The company maintains complete independence from its controlling shareholder in terms of assets, personnel, business, and finance, with no interference in decision-making[130]. - The company has a dedicated financial department and operates independent bank accounts, reinforcing its financial autonomy[130]. - The company emphasizes timely and accurate information disclosure, utilizing designated media for transparency[125]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal requirements and ensuring independent operation[128]. Research and Development - The company has accumulated over a hundred patents in design and technology, showcasing its strong research and development capabilities[44]. - The company continues to invest in R&D to maintain technological leadership in the solar cell industry, despite short-term profitability pressures due to rapid capacity expansion in the photovoltaic industry[46]. - Research and development expenses increased by 1,035.86% to ¥28,594,404.60, driven by increased projects in the photovoltaic industry[90]. - The company aims to enhance product competitiveness through the development of advanced photovoltaic technologies, including the Topcon high-efficiency monocrystalline battery[88]. Environmental Responsibility - The company reported a total pollutant discharge of 319.534 tons, with no exceedance of emission standards for key pollutants[180]. - The company’s COD discharge was measured at 13.15 mg/L, below the standard limit of 150 mg/L[180]. - The company’s ammonia nitrogen discharge was recorded at 4.3 mg/L, which is also within the permissible limit of 30 mg/L[180]. - The company has implemented an environmental monitoring plan, including real-time monitoring of pollutant emissions and regular testing of wastewater to ensure compliance with national standards[184]. - The company has developed a robust environmental management system and regularly conducts safety and environmental meetings to ensure compliance with environmental regulations[186]. Strategic Initiatives - The company is actively enhancing store quality and efficiency, leading to a reduction in total store count[60]. - The company has established partnerships with nearly all top ten component providers in the industry, significantly expanding its sales channels[75]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 100 million RMB allocated for potential deals[140]. - The company is planning to invest in a solar cell "super factory" project in collaboration with the Keqiao Economic and Technological Development Zone[145]. Shareholder Relations - The company held 2 shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders, with a participation rate of 53.07% for the annual meeting[132]. - The company has established a shareholder dividend return plan for the next three years (2024-2026), aiming for a minimum annual cash distribution of 10% of the distributable profits[160]. - The company plans not to distribute cash dividends for the year 2024, with retained earnings to be used primarily for jewelry and photovoltaic business development[162]. Employee Management - The total number of employees at the end of the reporting period is 1,270, including 541 from the parent company and 729 from major subsidiaries[155]. - The professional composition of employees includes 522 production personnel, 274 sales personnel, 190 technical personnel, 42 financial personnel, and 242 administrative personnel[156]. - The company prioritizes employee training, especially for retail terminal staff and key positions, with targeted internal and external training courses to enhance skills[158]. Legal and Compliance Issues - The company received a warning letter from the China Securities Regulatory Commission on November 4, 2022, due to inaccurate financial reporting from 2017 to 2021, primarily related to its subsidiary Suzhou Haowu Information Technology Co., Ltd.[144]. - The company has faced penalties for internal control issues, including the long-term absence of a board secretary[144]. - The company has not faced any bankruptcy reorganization matters during the reporting period[198].

Financial Performance - The company's revenue for Q1 2025 was ¥974,447,586.43, a decrease of 28.14% compared to ¥1,356,099,699.98 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥38,020,929.41, representing a decline of 285.21% from a profit of ¥20,528,611.34 in the previous year[5] - Total operating revenue decreased to ¥974.45 million from ¥1,356.10 million, a decline of approximately 28.1% year-over-year[17] - Net profit for the period was a loss of ¥37.68 million compared to a profit of ¥20.36 million in the previous period, representing a significant decline[18] - The company reported a total comprehensive loss of ¥38.75 million compared to a comprehensive income of ¥20.35 million in the previous period[18] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥52,377,928.53, a significant increase of 131.45% compared to a negative cash flow of ¥166,563,724.61 in the same period last year[5] - Operating cash flow generated was ¥52.38 million, a recovery from a negative cash flow of ¥166.56 million in the previous period[19] - The company reported a net cash inflow from financing activities of ¥68.42 million, down from ¥869.70 million in the previous period[20] - Cash and cash equivalents at the end of the period totaled ¥810.14 million, down from ¥1,054.44 million at the end of the previous period[20] Expenses and Costs - The company reported a significant increase in management expenses, which rose by 169.75% to ¥81,778,275.97, primarily due to depreciation from idle production equipment[8] - The company experienced a significant increase in management expenses, rising to ¥81.78 million from ¥30.32 million, an increase of approximately 169.5% year-over-year[17] - Research and development expenses decreased by 65.19% to ¥4,624,684.17, attributed to reduced production in the photovoltaic production line[8] - Research and development expenses decreased to ¥4.62 million from ¥13.28 million, a decline of approximately 65.2% year-over-year[17] - Total operating costs decreased to ¥1,026.02 million from ¥1,355.44 million, a decline of approximately 24.3% year-over-year[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,130,830,826.74, an increase of 1.47% from ¥7,027,594,983.48 at the end of the previous year[5] - The company's total assets as of March 31, 2025, are RMB 7,130,830,826.74, an increase from RMB 7,027,594,983.48 at the beginning of the period[16] - The company's current assets total RMB 3,589,340,106.79, up from RMB 3,425,158,442.61 at the start of the period, reflecting a growth of approximately 4.8%[14] - The company's total liabilities increased to RMB 4,044,159,435.89 from RMB 3,902,275,773.71, indicating a rise of about 3.6%[15] - The company's inventory stands at RMB 1,771,985,061.64, compared to RMB 1,736,142,970.29 previously, showing an increase of approximately 2.1%[14] - The long-term equity investments increased to RMB 698,176,710.20 from RMB 662,837,557.86, representing a growth of about 5.3%[14] - The company's short-term borrowings rose to RMB 605,267,000.00 from RMB 505,437,000.00, reflecting an increase of approximately 19.7%[15] - The total owner's equity decreased to RMB 3,086,671,390.85 from RMB 3,125,319,209.77, indicating a decline of about 1.2%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,489, with the largest shareholder holding 31.17% of the shares[10] - The company’s total equity attributable to shareholders decreased by 1.26% to ¥3,062,362,271.49 from ¥3,101,353,036.68 at the end of the previous year[5] - The total cash compensation paid by shareholders to the company amounts to RMB 150 million, with RMB 70 million to be paid in 2023 and RMB 80 million in 2024[12] - The company provided a guarantee of RMB 20 million for its subsidiary, Zhejiang Riyue Solar Technology Co., Ltd., as part of its credit business[12] Accounts Receivable - The company reported a decrease in accounts receivable from RMB 296,919,337.60 to RMB 286,851,809.55, a decline of approximately 3.5%[14]

Core Viewpoint - The article discusses the significant decline in gold prices both internationally and domestically, leading to a sharp drop in gold-related stocks and ETFs, as well as adjustments in trading regulations by the Shanghai Gold Exchange [1][3][10]. Gold Price Movement - As of April 23, gold prices fell sharply, with spot gold down 1.7% and COMEX gold nearly 2% lower. The main futures contract on the Shanghai Gold Exchange dropped over 3%, falling below 800 CNY per gram [3][4]. - Domestic gold jewelry prices also adjusted downwards, with major brands like Chow Tai Fook and Chow Sang Sang reducing their prices from 1,082 CNY per gram to 1,055 CNY per gram, a decrease of 27 CNY [7]. Impact on Gold Stocks and ETFs - Gold-related stocks experienced significant declines, with companies like Chifeng Jilong Gold Mining and Sichuan Gold seeing drops of 9.20% and 8.16% respectively. Gold ETFs also faced widespread declines [5][6]. - Multiple gold ETFs announced the suspension of subscription and redemption services, citing the need to manage risks associated with recent price volatility [12][13]. Regulatory Adjustments - The Shanghai Gold Exchange announced adjustments to margin levels and price fluctuation limits for various gold and silver contracts, increasing the margin for gold contracts from 12% to 13% and for silver from 15% to 16% [10]. - The exchange emphasized the importance of risk management and urged members to enhance their risk prevention measures [11][14]. Market Sentiment and Risk Awareness - The article highlights a growing concern among financial institutions regarding market volatility, with banks like China Construction Bank issuing warnings to investors about the heightened risks in precious metals trading [14]. - Analysts suggest that the recent fluctuations in gold prices are driven by various market factors, prompting investors to be cautious and manage their positions wisely [16].

黄金股跌幅进一步扩大，明牌珠宝（002574）跌停，赤峰黄金（600988）、四川黄金（001337）、莱绅 通灵（603900）逼近跌停，晓程科技（300139）、湖南黄金（002155）跌幅居前。 ...

以下文章来源于阿尔法工场Green ，作者埏埴 作 者 | 埏埴 来源 | 阿尔法工场Green 导 语：风来时必须在场。 突发复工 "6连板"后又连续暴跌的明牌珠宝（002574.SZ）最近备受投资者密切关注。 从3月7日到3月19日，其股价从4.89元上涨近64%，甚至一度摸高至9.35元。明牌珠宝于3月18日晚 间公告称，经公司自查，经营正常，不存在应披露而未披露的重大事项。 究竟为何暴涨，尚有待更多信息。但笔者从接近明牌珠宝处的人士了解到，明牌珠宝旗下光伏公司 日月光能，近日火速开工。 阿尔法工场Green . 聚焦清洁能源行业，提供最新的绿色能源公司资讯、技术创新和ESG行业趋势。 春节前，日月光能因开工不足，还提前1个月给员工放了假。当时有消息传出，日月光能计划今年3 月复工。但截至2月底，公司毫无复产迹象。 直到3月14日，明牌珠宝在深交所互动易集中回复投资者关于何时开工的问题时，仅表示，综合多 方面因素合理安排产能。 这也说明，就在短短一周前，开工仍无实质进展。 本次日月光能开工，一方面是行情火爆，又有闲置产能，日月光能当然要趁热打铁。 当前，离《分布式光伏开发建设管理办法》并网截止日只剩不到 ...

证券代码：002574 证券简称：明牌珠宝 公告编号：2025-008 浙江明牌珠宝股份有限公司 股票交易异常波动公告 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。 一、股票交易异常波动的情况介绍 浙江明牌珠宝股份有限公司（以下简称"公司"）股票（证券简 称：明牌珠宝，证券代码：002574）连续三个交易日内（2025 年 3 月 20 日、2025 年 3 月 21 日、2025 年 3 月 24 日）日收盘价格跌幅偏离 值累计达到 20%，根据《深圳证券交易所交易规则》的有关规定，属 于股票交易异常波动的情形。 二、公司关注及核实情况说明 针对公司股票交易异常波动，公司对有关事项进行了核查，并向 公司控股股东及其一致行动人、实际控制人进行核实，现就有关情况 说明如下： 1、公司前期披露的信息截至本公告披露日不存在需要更正、补 充之处。 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易 价格产生较大影响的未公开重大信息。 五、备查文件 5、公司、控股股东及其一致行动人和实际控制人不存在关于本 公司的应披露而未披露的重大事项，也不存在处于筹划阶段的重 ...

Investment Rating - The report does not provide a specific investment rating for the industry or companies mentioned [1]. Core Insights - The report highlights the recent IPOs and trading activities in the market, indicating a dynamic environment for new stock listings and potential investment opportunities [1]. - It includes a list of companies with their respective stock codes and recent announcements, suggesting active market participation and investor interest [1]. Summary by Sections - **New Stock Listings**: The report lists several new stock listings, including 恒鑫生活 (stock code: 301501) with an issue price of 39.92, indicating a new entry into the market [1]. - **Tender Offers**: The report mentions companies like 成大生物 (stock code: 688739) and 海航科技 (stock code: 600751) that are currently involved in tender offers, which may present investment opportunities [1]. - **Recent Announcements**: A variety of companies have made recent announcements regarding their stock activities, including 海洋王 (stock code: 002724) and 爱婴室 (stock code: 603214), reflecting ongoing corporate actions that could impact stock performance [1].