（文章来源：证券日报） 证券日报网讯萃华珠宝11月4日在互动平台回答投资者提问时表示，公司目前主营产品为电池级碳酸 锂、电池级氢氧化锂和电池级磷酸二氢锂。 ...

11月3日收盘后，工商银行官网发布公告称，恢复受理如意金积存业务申请。 11月3日上午，工商银行曾发布公告称，受宏观政策影响，根据风险管理要求，自2025年11月3日起该行暂停受理如意金积存业务的开户、主动积存、新增 定期积存计划以及提取实物的申请，存量客户处于有效期内的定期积存计划的执行以及办理赎回、销户不受影响。相关业务恢复事宜，请关注银行后续公 告。 随后，建设银行也发布公告称，自11月3日（含）起，建行暂停受理易存金业务实时买入、新增定投买入、实物金兑换等申请，存量客户易存金定投计划 的执行、赎回以及销户不受影响；暂停个人黄金积存兑换实物贵金属、账户黄金兑换实物贵金属等申请，其他个人黄金积存业务不受影响。 11月1日，财政部、国家税务总局发布《关于黄金有关税收政策的公告》，明确黄金有关税收政策，并自2025年11月1日起实施，执行至2027年12月31日。 政策规定，对会员单位或客户通过上海黄金交易所、上海期货交易所交易标准黄金，卖出方会员单位或客户销售标准黄金时免征增值税。未发生实物交割 出库的，交易所免征增值税；发生实物交割出库的，区别标准黄金的投资性用途和非投资性用途，分别按规定适用增值税即征即 ...

Core Viewpoint - Industrial and Commercial Bank of China (ICBC) has announced the resumption of the "Ruyi Gold Accumulation" business application, which had been suspended due to macroeconomic policy impacts [2][4]. Group 1: Business Resumption and Policy Impact - ICBC will resume accepting applications for the "Ruyi Gold Accumulation" business starting November 3, 2023, after a temporary suspension due to risk management requirements [2][4]. - China Construction Bank (CCB) also announced the suspension of its "Easy Gold" business, affecting real-time purchases and physical gold exchanges, while existing plans remain unaffected [5]. - The Ministry of Finance and the State Taxation Administration released new tax policies regarding gold, effective from November 1, 2025, which will impact the taxation of gold transactions [6]. Group 2: Price Adjustments and Market Reactions - Chow Tai Fook Jewelry announced price adjustments for certain gold products starting November 3, 2023, due to increased costs from the new tax policies [8]. - On November 3, 2023, A-share gold jewelry concept stocks experienced declines, with notable drops including Chao Hong Ji at a 10% limit down and others like Pengxin Resources and Lao Feng Xiang falling over 3% [8][9]. - In the Hong Kong stock market, gold jewelry stocks also saw significant declines, with Chow Tai Fook dropping 8.67% and Lao Pu Gold down 7.16% [10]. Group 3: Tax Policy Implications - The new tax regulations are expected to have three main impacts: increased costs for non-investment gold jewelry companies due to reduced input tax deductions, advantages for investment gold sales, and potential price increases for consumers purchasing gold jewelry [10].

Market Overview - The jewelry sector experienced a decline of 2.38% on November 3, with Chao Hong Ji leading the drop [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Individual Stock Performance - ST XinHua Jin (600735) saw a significant increase of 5.05%, closing at 7.69 with a trading volume of 77,300 shares and a turnover of 59.41 million yuan [1] - Chao Hong Ji (002345) experienced the largest decline of 9.90%, closing at 12.20 with a trading volume of 393,900 shares and a turnover of 483 million yuan [2] - Other notable declines included Zhou Da Sheng (002867) down 4.26% and Lao Feng Xiang (600612) down 3.36% [2] Capital Flow Analysis - The jewelry sector saw a net outflow of 219 million yuan from main funds, while retail investors contributed a net inflow of 155 million yuan [2] - The main funds showed a mixed response across different stocks, with Zhou Da Sheng receiving a net inflow of 10.57 million yuan, while ST XinHua Jin had a net inflow of 4.38 million yuan [3] Summary of Stock Flows - Zhou Da Sheng (002867) had a main fund net inflow of 10.57 million yuan, but a retail net outflow of 21.45 million yuan [3] - ST XinHua Jin (600735) had a main fund net inflow of 4.38 million yuan, while retail investors showed a net outflow [3] - The overall trend indicates a cautious sentiment among main funds, contrasting with retail investor activity [3]

【导读】 A 股三大指数震荡分化，珠宝首饰股集体大跌；被证监会立案，清越科技 20cm 跌 停 中国基金报记者 晨曦 大家好！ 11 月的第一个交易日，来一起关注上午的市场行情和最新资讯 ~ 11 月 3 日， A 股市场持续震荡，午前沪指拉升翻红，走出独立行情。截至午间收盘，上证 指数涨 0.05% ，深证成指跌 1.06% ，创业板指跌 1.37% 。 全市场半日成交额约 1.4 万亿元，较上日同期略有缩量；全市场近 2600 只个股下跌。 盘面上，上午煤炭、石油石化、传媒、银行等板块走高，海南自贸港、油气开采、煤炭开 采、短剧游戏、短剧游戏等概念股活跃；锂电、贵金属、光刻机、 CPO 等概念股跌幅居前。 | Wind中国行业指数 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 文化传媒 | 林木 | 石油天然气 | 煤炭 | 4.00% | 3.20% | 2.43% | 1.54% | | 造纸 | 銀行 | 钢铁 | 公路 | 1.45% | 1.29% | 1.07% | 0.93% | | 化工原料 | 汽车 ...

Core Viewpoint - Cuihua Jewelry, a century-old national jewelry brand, has shown continuous improvement in profitability and operates in the jewelry design, processing, wholesale, and retail sectors [1] Group 1: Business Performance - In Q3 2025, Cuihua Jewelry reported revenue of 3.382 billion, ranking 6th among 13 companies in the industry, with the industry leader, Laofengxiang, generating 48.001 billion [2] - The net profit for the same period was 180 million, also ranking 6th, while the industry leader's net profit was 1.838 billion [2] Group 2: Financial Ratios - As of Q3 2025, Cuihua Jewelry's debt-to-asset ratio was 68.78%, down from 71.91% year-on-year but still significantly higher than the industry average of 32.06% [3] - The gross profit margin was 13.62%, an increase from 12.70% year-on-year, yet below the industry average of 22.10% [3] Group 3: Executive Compensation - Chairman Chen Siwei's salary for 2024 was 787,300, an increase of 515,800 from 2023 [4] - General Manager Yang Chunhui's salary for 2024 was 642,500, up by 550,300 from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.02% to 24,300, while the average number of shares held per shareholder decreased by 1.01% to 9,457.5 [5] - The top ten circulating shareholders included a new entry, the Gold Stock ETF, holding 2.0572 million shares [5] Group 5: Future Outlook - Tianfeng Securities projects Cuihua Jewelry's revenue for 2025, 2026, and 2027 to be 4.8 billion, 5.6 billion, and 6.7 billion respectively, with net profits of 250 million, 290 million, and 340 million [5]

Market Overview - The jewelry sector increased by 1.21% on October 29, with ST Xinhua Jin leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Individual Stock Performance - ST Xinhua Jin (600735) closed at 6.64, up 5.06%, with a trading volume of 463,600 shares and a turnover of 304 million yuan [1] - Lao Feng Xiang (600612) closed at 50.60, up 4.12%, with a trading volume of 52,700 shares and a turnover of 264 million yuan [1] - Zhou Dazheng (002867) closed at 66.00, up 2.04%, with a trading volume of 100,000 shares and a turnover of 138 million yuan [1] - Other notable performers include Chao Hong Ji (002345) up 1.50%, China Gold (600916) up 0.84%, and Cai Zi Co. (605599) up 0.77% [1] Capital Flow Analysis - The jewelry sector experienced a net outflow of 23.93 million yuan from institutional investors and 32.61 million yuan from speculative funds, while retail investors saw a net inflow of 56.54 million yuan [2] - Lao Feng Xiang had a significant net outflow of 51.36 million yuan from institutional investors, while Zhou Dazheng saw a net inflow of 13.76 million yuan [3] - The overall capital flow indicates a mixed sentiment among different investor types within the jewelry sector [2][3]

Core Points - The Shanghai Composite Index is currently at 3993.52 points, slightly below the half-year line with a change of -0.09% [1] - A total of 66 A-shares have surpassed the half-year line today, with notable stocks showing significant deviation rates [1] Group 1: Stock Performance - The stock with the highest deviation rate is Libang Instruments, with a deviation rate of 14.95% and a daily increase of 16.28% [1] - Tax Friend Co. and Founder Motor follow with deviation rates of 6.81% and 6.27%, respectively, both showing daily increases of 10.00% and 9.98% [1] - Other notable stocks include Cuihua Jewelry and Furuite Equipment, with deviation rates of 4.94% and 4.50% respectively [1] Group 2: Trading Volume and Market Activity - The total trading volume of A-shares today reached 10089.87 billion yuan [1] - The turnover rate for Tax Friend Co. is notably high at 46.64%, indicating strong trading activity [1] - Other stocks with significant turnover rates include Libang Instruments at 10.82% and Cuihua Jewelry at 8.21% [1]

公募基金方面，本期较上一期持股增加的公募基金共计1个，即黄金股ETF，持股增加占比达0.36%。本 期较上一季未再披露的公募基金共计50个，主要包括融通产业趋势臻选股票A、华夏内需驱动混合A、 财通优势行业轮动混合A、西部利得新动向混合A、华夏行业龙头混合等。 2025年10月28日，萃华珠宝(002731.SZ)发布2025年第三季报。截至2025年10月27日，共有2个机构投资 者披露持有萃华珠宝A股股份，合计持股量达1877.98万股，占萃华珠宝总股本的7.33%。其中，机构投 资者包括深圳市翠艺投资有限公司、中国农业银行股份有限公司-永赢中证沪深港黄金产业股票交易型 开放式指数证券投资基金，机构投资者合计持股比例达7.33%。相较于上一季度，机构持股比例合计下 跌了3.22个百分点。 ...

Group 1 - The core viewpoint of the article highlights the financial performance of Cuihua Jewelry in Q3 2025, showing a revenue increase and significant growth in net profit and earnings per share [1] Group 2 - Cuihua Jewelry reported a revenue of approximately 3.382 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 1.74% [1] - The net profit attributable to shareholders was approximately 174 million yuan, reflecting a year-on-year increase of 48.97% [1] - The basic earnings per share reached 0.68 yuan, which is a year-on-year increase of 47.83% [1] - As of the report, Cuihua Jewelry's market capitalization stands at 3.3 billion yuan [2]