沈阳萃华金银珠宝股份有限公司 证券代码：002731 证券简称：萃华珠宝 公告编号：2025-066 沈阳萃华金银珠宝股份有限公司 关于为控股子公司提供担保的公告 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。 特别提示： 沈阳萃华金银珠宝股份有限公司对子公司担保金额超过最近一期经审计净 资产 50%，且被担保方四川思特瑞锂业有限公司资产负债率超过 70%，敬请投资 者注意相关风险。 一、担保情况概述 1、担保事项： 沈阳萃华金银珠宝股份有限公司（以下简称"公司"或"本公司"）控股子 公司四川思特瑞锂业有限公司（以下简称"思特瑞锂业"）近期为经营业务需要 向中信银行股份有限公司成都分行申请人民币贰仟万元的授信额度，并由公司对 此笔授信提供连带责任担保。 2、审议程序： 2024 年 12 月 11 日，公司第六届董事会第八次会议审议通过《关于公司为 子公司 2025 年度申请综合授信额度提供担保的议案》； 2024 年 12 月 30 日，公司 2024 年第五次临时股东大会审议通过《关于公司 为子公司 2025 年度申请综合授信额度提供担保的议案》； 本次担 ...

Market Overview - The jewelry sector increased by 0.3% on September 30, with Cuihua Jewelry leading the gains [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Individual Stock Performance - Cuihua Jewelry (002731) closed at 12.44, up 1.30% with a trading volume of 46,600 and a transaction value of 57.99 million [1] - Other notable performers include: - Jinyi Culture (002721) at 3.51, up 1.15% with a transaction value of 146 million [1] - China Gold (600916) at 8.38, up 1.09% with a transaction value of 258 million [1] - Laizitongling (603900) at 10.28, up 0.98% with a transaction value of 102 million [1] Capital Flow Analysis - The jewelry sector saw a net inflow of 50.22 million from institutional investors, while retail investors experienced a net outflow of 28.12 million [2] - Key stocks with significant capital flow include: - Zhou Dazheng (002867) with a net inflow of 19.99 million from institutional investors [3] - Laofengxiang (600612) with a net inflow of 14.89 million from institutional investors [3] - China Gold (600916) with a net inflow of 12.64 million from institutional investors [3]

Core Viewpoint - Cuihua Jewelry has shown a significant increase in stock price this year, but recent trading data indicates a slight decline in the short term, suggesting potential volatility in the market [2]. Group 1: Stock Performance - As of September 30, Cuihua Jewelry's stock price increased by 34.73% year-to-date, but it has decreased by 0.56% in the last five trading days, 10.18% in the last 20 days, and 9.14% in the last 60 days [2]. - The stock reached a price of 12.53 CNY per share with a market capitalization of 3.21 billion CNY [1]. Group 2: Financial Performance - For the first half of 2025, Cuihua Jewelry reported a revenue of 2.243 billion CNY, representing a year-on-year growth of 7.08%, and a net profit attributable to shareholders of 111 million CNY, which is a 34.40% increase year-on-year [3]. - The company has distributed a total of 102 million CNY in dividends since its A-share listing, with 43.83 million CNY distributed in the last three years [4]. Group 3: Shareholder and Market Data - As of June 30, 2025, the number of shareholders increased by 38.69% to 24,000, while the average number of circulating shares per person decreased by 27.90% to 9,553 shares [3]. - The top ten circulating shareholders include a new entrant, Rongtong Industry Trend Selection Stock A, holding 2.7449 million shares [4].

Industry Overview - The price of domestic gold jewelry has surpassed 1100 RMB per gram due to rising international gold prices, prompting major jewelry brands to initiate price increases [1] - In Wuhan, Chow Tai Fook plans to raise its "one-price" jewelry by approximately 20%-30% after the National Day holiday, although specific products and their proportions have yet to be determined [1] - As of September 27, major traditional gold jewelry brands like Chow Tai Fook, Chow Sang Sang, and Luk Fook have all set their gold prices at 1108 RMB per gram, while Lao Miao Gold is at 1100 RMB per gram [1] - Tianfeng Securities notes that while gold jewelry consumption volume has decreased due to rising prices, the total value remains at the third highest historical level, indicating stable consumer demand [1] - The high-end jewelry market shows resilience, prompting brands to adapt their market strategies [1] - The younger generation is becoming the main consumer group, influenced by cultural confidence and the rise of domestic trends, leading to increased acceptance of traditional gold [1] - There is a shift in consumer behavior towards non-wedding gold purchases, with "self-wearing" becoming the most significant jewelry consumption scenario [1] - The industry is experiencing increased concentration, with leading brands significantly growing their market share in recent years [1] Company Developments - Mankalon has launched several new product lines, including the Fenghua 2.0 series, Jiaoyu series, and Weilan series, catering to both traditional and modern aesthetics [3] - Cuihua Jewelry is positioning its Cuihua brand as a luxury label through high-end products like the Master Series and Palace Museum cultural series, employing a no-discount strategy and collaborating with cultural institutions [3] - The company reports that its two-dimensional gold products are experiencing strong sales [3] Market Outlook - Dongguan Securities projects that the gold jewelry market will maintain stable growth from 2024 to 2029, surpassing other jewelry categories, confirming gold jewelry's lasting appeal among Chinese consumers [2]

Group 1 - The core point of the article highlights the recent trading activity of Cuihua Jewelry, which experienced a decline of 2.55% on September 23, closing at 12.60 yuan [1] - A significant block trade occurred, with a total volume of 210,000 shares and a transaction amount of 2.457 million yuan, at a price of 11.70 yuan per share, reflecting a premium rate of -7.14% [1] - Over the past three months, Cuihua Jewelry has recorded two block trades with a cumulative transaction amount of 6.582 million yuan [1] Group 2 - In the last five trading days, the stock has seen a cumulative decline of 5.19%, with a total net outflow of 53.6308 million yuan from major funds [1]

Core Viewpoint - The event "Cuihua 130th Anniversary Brand Fashion Gala & Intangible Cultural Heritage Innovation Development Conference" celebrates significant anniversaries of cultural institutions and aims to promote the integration of traditional craftsmanship with modern innovation [1] Group 1: Event Overview - The event is held to commemorate the 100th anniversary of the Palace Museum in Beijing, the 400th anniversary of the Shenyang Palace Museum, the 45th anniversary of the Shenzhen Special Economic Zone, and the 130th anniversary of Cuihua [1] - The event is guided by various associations and institutions, including the China Jewelry and Jade Jewelry Industry Association and the Shenyang Palace Museum [1] Group 2: Activities and Highlights - The gala features a global exhibition that creates an immersive experience showcasing the timeless charm of intangible cultural heritage [3] - A global treasure hunt initiative titled "Cuihua's Century Treasures Return Home" aims to locate and reclaim Cuihua treasures scattered worldwide [3] Group 3: Strategic Initiatives - The conference announces a national strategy for the internationalization of intangible cultural heritage brands, alongside the launch of the "Palace Fortune" series of cultural and creative products in collaboration with the Shenyang Palace Museum [5] - Experts from various fields discuss the innovative development of intangible cultural heritage in contemporary society, focusing on museum curation, educational reforms, and the integration of arts and fashion [7] Group 4: Future Development Plans - A presentation by a professor from Peking University outlines Cuihua's future development blueprint, introducing three new sub-brands: "Cuihua Gold Store," "Cuihua Jewelry," and "Cuihua Oriental," reflecting the brand's commitment to evolution [9] - The company aims to promote the beauty of Chinese intangible cultural heritage globally, enhancing the international presence of Eastern jewelry [10]

Core Viewpoint - The company, Shenyang Cuihua Gold and Silver Jewelry Co., Ltd., has provided guarantees for its wholly-owned subsidiary, Shenzhen Cuihua Jewelry Co., Ltd., exceeding 50% of the latest audited net assets, which requires investor attention to related risks [2]. Group 1: Guarantee Overview - The company has provided a joint liability guarantee for a credit limit of 75 million RMB to Jiangsu Bank's Shenzhen branch for its subsidiary, Shenzhen Cuihua [3]. - Additionally, the company has provided a joint liability guarantee for a new credit limit of 100 million RMB to Guangdong Huaxing Bank's Shenzhen branch for the same subsidiary [3]. Group 2: Approval Process - The guarantees were approved by the company's sixth board of directors and the fifth extraordinary general meeting of shareholders in December 2024, and by the eleventh board meeting and the fourth extraordinary general meeting in September 2025 [4]. Group 3: Subsidiary Information - Shenzhen Cuihua Jewelry Co., Ltd. was established on February 23, 2009, with a registered capital of 150 million RMB and operates in the jewelry and precious metals sector [5][6]. - As of December 31, 2024, the subsidiary had total assets of 2.23673 billion RMB, total liabilities of 1.29838 billion RMB, and net assets of 938.35 million RMB, with a net profit of 130.93 million RMB for the year [7]. Group 4: Guarantee Agreement Details - The guarantee to Jiangsu Bank is for 75 million RMB with a term lasting until three years after the debt fulfillment period [9]. - The guarantee to Guangdong Huaxing Bank is for 100 million RMB with a term lasting until two years after the debt fulfillment period [10]. Group 5: Board Opinion - The board believes that providing guarantees for Shenzhen Cuihua is beneficial for the subsidiary's operational needs and aligns with the company's overall interests, with risks considered manageable [11]. Group 6: Total Guarantee Amount - The company currently has no external guarantees, and after these guarantees, the total balance of guarantees to subsidiaries will be 1.60807 billion RMB, which represents 93.95% of the latest audited net assets [12].

Core Viewpoint - Cuihua Jewelry announced that the company has no overdue external guarantees and no violations regarding guarantees [2] Summary by Relevant Categories - **Company Guarantees** - The company confirmed that it has no overdue external guarantees [2] - There are no violations related to guarantees reported by the company [2]

Core Viewpoint - The company is currently focused on lithium products and is monitoring the development of solid-state battery technology, which is still in its early stages of commercialization [2]. Group 1: Company Overview - The company's subsidiary, Siterui Lithium Industry, primarily produces lithium carbonate, lithium hydroxide, and lithium dihydrogen phosphate, which are key raw materials for mainstream new energy batteries [2]. - The company is committed to closely observing market trends and adjusting its product strategy based on market research and customer demand analysis [2]. Group 2: Industry Insights - Solid-state battery technology is still under development, and its commercialization and specific applications are yet to be fully realized [2].

Core Viewpoint - The company, Cuihua Jewelry, has indicated that its subsidiary, Siterui Lithium Industry, primarily produces lithium carbonate, lithium hydroxide, and lithium dihydrogen phosphate, which are essential raw materials for mainstream new energy batteries. The commercialization of solid-state battery technology is still in the development stage, and its specific applications are yet to be observed continuously [1]. Group 1 - The main products of Siterui Lithium Industry include lithium carbonate, lithium hydroxide, and lithium dihydrogen phosphate [1]. - These products are currently the primary raw materials for mainstream new energy batteries [1]. - The solid-state battery technology is still under development, with its commercialization and specific applications pending further observation [1].