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]

Core Viewpoint - Cuihua Jewelry (002731.SZ) reported its Q3 2025 results, highlighting a decrease in institutional investor holdings and changes in public fund investments [1] Institutional Holdings - As of October 27, 2025, two institutional investors disclosed holdings in Cuihua Jewelry A-shares, totaling 18.7798 million shares, which represents 7.33% of the total share capital [1] - The institutional holding percentage decreased by 3.22 percentage points compared to the previous quarter [1] Public Fund Investments - One public fund, the Gold Stock ETF, increased its holdings by 0.36% compared to the previous period [1] - A total of 50 public funds did not disclose their holdings this quarter, including notable funds such as Rongtong Industry Trend Selection A, Huaxia Domestic Demand Driven Mixed A, and others [1]

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]

Market Overview - The jewelry sector increased by 0.84% on October 27, with ST Xinhua Jin leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Individual Stock Performance - ST Xinhua Jin (600735) closed at 6.02, up 5.06% with a trading volume of 513,300 shares and a turnover of 294 million yuan [1] - Chao Hong Ji (002345) closed at 13.57, up 4.38% with a trading volume of 253,200 shares and a turnover of 34 million yuan [1] - Man Ka Long (300945) closed at 18.04, up 1.46% with a trading volume of 103,100 shares and a turnover of 185 million yuan [1] - Di A Shares (301177) closed at 33.12, up 1.38% with a trading volume of 16,000 shares and a turnover of 52.55 million yuan [1] - Other notable stocks include Rui Beika (600439) at 2.90, up 0.69%, and Jin Yi Culture (002721) at 3.38, up 0.60% [1] Capital Flow Analysis - The jewelry sector saw a net inflow of 63.18 million yuan from main funds, while retail funds experienced a net outflow of 29.35 million yuan [2] - Main funds showed significant inflows in ST Xinhua Jin (28.17 million yuan) and Chao Hong Ji (26.85 million yuan) [3] - Conversely, China Gold (600916) had a net inflow of 15.71 million yuan from retail funds, despite a net outflow from main and speculative funds [3]

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：2025-071 4、会议时间： （1）现场会议时间：2025 年 11 月 12 日 15:00 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 12 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投票 的具体时间为 2025 年 11 月 12 日 9:15 至 15:00 的任意时间。 关于召开 2025 年第五次临时股东会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、召开会议的基本情况 1、股东会届次：2025 年第五次临时股东会 2、股东会的召集人：董事会 沈阳萃华金银珠宝股份有限公司 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股票上市 规则》《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》等法律、 行政法规、部门规章、规范性文件及《公司章程》的有关规定。 8、会议地点：沈阳萃华金银珠宝股份有限公司六楼会议 ...

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：2025-069 沈阳萃华金银珠宝股份有限公司 第六届董事会第十二次会议决议公告 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。 沈阳萃华金银珠宝股份有限公司（以下简称"公司"）于 2025 年 10 月 24 日 上午 10：00 在公司会议室召开第六届董事会第十二次会议。会议通知已于 2025 年 10 月 14 日通过电话、书面等形式发出，本次会议由董事长陈思伟先生主持， 应参与表决董事 9 人（包括独立董事 3 人），实际参与表决董事 9 人。本次会议 以现场会议以及视频会议方式召开。会议的召集、召开符合《公司法》和《公司 章程》的相关规定，会议合法有效。会议采用记名投票方式进行了表决，审议通 过了如下决议： 一、审议通过《2025 年第三季度报告》 公司《2025 年第三季度报告》（公告编号：2025-070）全文详见公司指定信 息披露网站巨潮资讯网（http://www.cninfo.com.cn）。 公司第六届董事会审计委员会 2025 年第四次会议审议通过了本议 ...

Revenue and Profitability - Revenue for Q3 2025 was CNY 1,139,294,904.07, a decrease of 7.36% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 63,106,233.17, an increase of 83.96% year-on-year[3] - Basic earnings per share increased by 78.57% to CNY 0.25[3] - Total operating revenue for the current period reached ¥3,382,352,520.26, an increase from ¥3,324,538,456.04 in the previous period, representing a growth of approximately 1.3%[18] - Net profit for the current period was ¥180,082,998.82, compared to ¥76,657,191.90 in the previous period, reflecting a significant increase of approximately 135%[19] - Earnings per share (EPS) for the current period was ¥0.68, up from ¥0.46 in the previous period, marking a growth of approximately 47.8%[20] - The company reported a total comprehensive income attributable to shareholders of the parent company of ¥173,854,811.82, compared to ¥116,704,170.44 in the previous period, an increase of about 48.8%[20] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 6,262,662,183.13, up 7.36% from the end of the previous year[3] - Total current assets amount to ¥4,917,707,987.22, an increase from ¥4,452,350,015.61 at the beginning of the period[15] - Total liabilities increased to ¥4,307,156,870.17 from ¥4,050,191,950.99, representing an increase of approximately 6.3%[16] - The total liabilities include accounts payable of ¥428,733,470.49, up from ¥221,705,891.06[15] - Long-term equity investments increased by 45.68% to CNY 4,035,656.31 due to new investments made during the period[8] Cash Flow - Cash flow from operating activities decreased by 58.72% to CNY 45,560,340.92[3] - Cash flow from operating activities generated a net amount of ¥45,560,340.92, down from ¥110,377,105.94 in the previous period, a decrease of about 58.8%[20] - The total cash inflow from operating activities was ¥3,837,443,036.76, down from ¥4,461,207,015.12, indicating a decrease of approximately 14%[20] - The total cash inflow from financing activities reached CNY 2,019,371,218.57, up from CNY 1,312,653,307.03 in Q3 2024, reflecting a significant increase of approximately 53.6%[21] - The net cash flow from financing activities improved to CNY 106,820,716.45, compared to a negative cash flow of -CNY 75,847,507.61 in the previous year, showing a turnaround in financing performance[21] Investment and Research - Research and development expenses surged by 578.94% to CNY 4,537,383.03 compared to the previous period[8] - Research and development expenses increased to ¥4,537,383.03 from ¥668,306.81, showing a substantial rise of approximately 579%[19] - The company reported cash outflows for investment activities totaling CNY 65,579,569.63, down from CNY 88,155,260.01 in the previous year, indicating a reduction in investment spending[21] - In Q3 2025, the net cash flow from investment activities was -CNY 54,823,327.99, compared to -CNY 42,549,780.62 in the same period last year, indicating a decline in investment performance[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 24,283[11] - The largest shareholder, Chen Siwei, holds 12.00% of shares, totaling 30,738,720 shares[11] - The company has a total of 0 preferred shareholders with restored voting rights[12] Other Financial Metrics - Total operating costs amounted to ¥3,102,376,277.83, slightly up from ¥3,093,125,751.13, indicating a marginal increase of about 0.1%[18] - Cash and cash equivalents decreased to ¥437,507,188.47 from ¥470,011,501.81[14] - Inventory increased significantly to ¥3,723,285,294.25 from ¥3,212,657,748.32[15] - Short-term borrowings rose to ¥1,707,000,000.00 from ¥1,324,252,536.17[15] - The company reported a decrease in accounts receivable to ¥178,501,546.90 from ¥171,339,122.11[14] - Total equity attributable to shareholders of the parent company rose to ¥1,870,461,868.93 from ¥1,711,593,324.63, an increase of about 9.3%[16] Audit and Reporting - The company did not undergo an audit for the Q3 financial report, which may affect the perception of financial reliability[22] - The report was issued by the board of directors on October 27, 2025, indicating timely communication of financial performance[23]

Core Insights - The jewelry sector experienced a decline of 0.44% on October 24, with Deep China A leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Stock Performance - ST Xinhua Jin (600735) saw a closing price of 5.73, with an increase of 4.18% and a trading volume of 392,000 shares, totaling 224 million yuan [1] - Chao Hong Ji (002345) closed at 13.00, up 2.04%, with a trading volume of 224,500 shares, amounting to 288 million yuan [1] - Other notable stocks include Diya Co. (301177) at 32.67 (-0.03%), Zhou Dazheng (002867) at 13.64 (-0.07%), and Lao Feng Xiang (600612) at 48.67 (-0.41%) [1] Capital Flow - The jewelry sector saw a net outflow of 117 million yuan from main funds, while retail investors contributed a net inflow of 149 million yuan [2] - The main funds showed a significant outflow from stocks like Fei Ya Da (000026) with a net outflow of 7.34 million yuan and Jin Yi Culture (002721) with a net outflow of 8.34 million yuan [3] Individual Stock Capital Flow - Rebecca (600439) had a main fund net inflow of 6.30 million yuan, while it experienced a net outflow from retail investors of 3.95 million yuan [3] - Mingpai Jewelry (002574) saw a main fund net inflow of 5.90 million yuan but a net outflow from retail investors of 8.17 million yuan [3] - Lao Feng Xiang (600612) had a main fund net inflow of 4.39 million yuan, with retail investors also showing a net outflow [3]

Group 1 - The company, Cuihua Jewelry (002731), announced on the evening of October 23 that it has no overdue external guarantees and no violations regarding guarantees [1]

关于为控股孙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 证券代码：002731 证券简称：萃华珠宝 公告编号：2025-068 沈阳萃华金银珠宝股份有限公司 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%，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"）控股孙 公司四川锂能矿业有限公司（以下简称"锂能矿业"）近期为经营业务需要向厦 门建发融资租赁有限公司申请人民币贰仟零伍拾万元整的融资租赁授信额度，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》； 本次担保在审议额度范围内，不需要重新审议。 二、被担保人 ...