证券代码：002803 证券简称：吉宏股份 公告编号：2025-083 厦门吉宏科技股份有限公司 第六届董事会第一次会议决议公告 本公司及全体董事保证本公告内容真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 厦门吉宏科技股份有限公司（以下简称"公司"）于 2025 年 11 月 21 日召 开 2025 年第三次临时股东会，审议通过公司董事会换届选举相关事项，以累积 投票方式选举 4 名非独立董事和 4 名独立董事，并与职工代表大会选举产生的 1 名职工代表董事组成公司第六届董事会。 为保证董事会、高级管理团队的延续性，经全体董事同意豁免本次会议通知 时间要求，公司于 2025 年第三次临时股东会召开后当日在会议室以现场结合通 讯方式召开第六届董事会第一次会议。经与会董事推选，本次会议由公司董事庄 浩女士主持，会议应到董事 9 名，实到董事 9 名，公司高级管理人员列席了会议。 本次会议的召开符合《中华人民共和国公司法》及《公司章程》的有关规定。 经与会董事审议表决，通过如下议案： 一、审议并通过《关于选举公司第六届董事会董事长的议案》 根据公司法及公司章程相关规定，同意选举庄浩女士为公司第六届董 ...

Core Viewpoint - On November 19, Jihong Co., Ltd. experienced a decline of 2.95% in stock price, with a trading volume of 165 million yuan, indicating market volatility and investor sentiment [1] Financing Summary - On the same day, Jihong Co. had a financing purchase amount of 19.34 million yuan and a financing repayment of 15.48 million yuan, resulting in a net financing purchase of 3.86 million yuan [1] - As of November 19, the total balance of margin trading for Jihong Co. was 319 million yuan, which accounts for 5.32% of its circulating market value, indicating a relatively high level compared to the past year [1] - The company had no short selling activity on November 19, with a short selling balance of 0 yuan, placing it in a low position compared to the past year [1] Company Overview - Jihong Co., Ltd. is based in Xiamen, Fujian Province, and was established on December 24, 2003, with its listing date on July 12, 2016 [2] - The company primarily engages in cross-border social e-commerce and paper packaging for fast-moving consumer goods (FMCG), with e-commerce contributing 65.45% and packaging 34.49% to its revenue [2] Financial Performance - As of September 30, the number of shareholders for Jihong Co. reached 40,800, an increase of 10.93%, while the average circulating shares per person decreased by 9.85% to 7,084 shares [3] - For the period from January to September 2025, Jihong Co. reported a revenue of 5.039 billion yuan, representing a year-on-year growth of 29.29%, and a net profit attributable to shareholders of 216 million yuan, up 60.11% year-on-year [3] Dividend Information - Since its A-share listing, Jihong Co. has distributed a total of 706 million yuan in dividends, with 519 million yuan distributed over the past three years [4] Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the second-largest circulating shareholder of Jihong Co., holding 39.41 million shares, a decrease of 87,900 shares from the previous period [4]

证券之星消息，11月19日互联网电商板块较上一交易日下跌0.59%，吉宏股份领跌。当日上证指数报收 于3946.74，上涨0.18%。深证成指报收于13080.09，下跌0.0%。互联网电商板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 605136 | 丽人丽妆 | 12.14 | 9.96% | 52.74万 | | 6.29亿 | | 300592 | 类别易但 | 11.38 | 1.88% | 30.97万 | | 3.52亿 | | 300792 | 壹网壹创 | 31.06 | 1.67% | 20.06万 | | 6.20亿 | | 301110 | 青木科技 | 74.38 | 1.05% | - 3.44万 | | 2.55亿 | | 301001 | 凯淳股份 | 32.83 | 0.49% | 5.89万 | | 1.93亿 | | 003010 | 若羽臣 | 35.68 | -0.45% | 4.51万 | | 1.61亿 | | ...

证券之星消息，11月12日，吉宏股份（002803）融资买入1210.16万元，融资偿还1005.21万元，融资净 买入204.95万元，融资余额3.2亿元，近3个交易日已连续净买入累计463.11万元，近20个交易日中有11 个交易日出现融资净买入。 小知识 融资融券：融资余额增加反映市场做多情绪强化，融资余额减少反映市场观望情绪或者看空情绪强化； 相应的，融券余额增加反映市场看空情绪增强，融券余额减少反映市场观望情绪增强或者看多情绪增 强。需注意的是，由于融资融券的财务杠杆效应，融资融券对投资者来说也是一把双刃剑，好比放大镜 一般，盈利情况下，利润会成倍增长，亏了也能把亏损放大很多。 融资融券余额3.2亿元，较昨日上涨0.65%。 | 交易日 | 两融余额(元) | 余额变动(元) | 变动幅度 | | --- | --- | --- | --- | | 2025-11-12 | 3.20亿 | 204.95万 | 0.65% | | 2025-11-11 | 3.18亿 | 59.38万 | 0.19% | | 2025-11-10 | 3.17亿 | 198.77万 | 0.63% | | 2025- ...

Group 1 - The Hong Kong IPO market has seen 87 new listings this year, raising over 240 billion HKD, making it the leading exchange globally for IPO fundraising [1][2] - A total of 16 A-share companies have successfully listed on the Hong Kong Stock Exchange this year, with over 80 more in the pipeline, indicating a significant trend of A+H listings [1][3] - The successful listings are predominantly from leading companies in their respective industries, with most having a market capitalization exceeding 20 billion HKD [3][4] Group 2 - Notable companies like CATL, Heng Rui Pharmaceutical, and Sai Lisi have raised substantial funds, with CATL alone accounting for over 30% of the total fundraising from A+H listed companies [4][5] - The majority of the A+H listed companies are concentrated in the technology and consumer sectors, reflecting a strategic focus on these core areas [4][9] - The performance of newly listed companies has been strong, with 12 out of 16 stocks rising or remaining stable on their first trading day [4][10] Group 3 - There has been a notable trend of H-shares trading at a premium over A-shares for some leading companies, indicating strong international investor confidence [5][9] - A record 302 companies have submitted IPO applications to the Hong Kong Stock Exchange this year, highlighting a robust interest in the market [6][8] - The influx of A-share companies seeking to list in Hong Kong is expected to enhance the quality and liquidity of the Hong Kong market [9][11]

Core Viewpoint - The consumer sector is showing signs of recovery, driven by favorable policies, rising CPI, and the imminent closure of Hainan Free Trade Port, leading to increased investment enthusiasm in the sector [2][4]. Group 1: Consumer Sector Analysis - The consumer sector is believed to be at the bottom, with fundamentals gradually improving, as indicated by the third-quarter reports [4]. - The "14th Five-Year Plan" emphasizes the importance of consumption, suggesting a positive outlook for the sector [4]. - Key investment opportunities include the restaurant chain sector, which is nearing the end of price wars, and companies like Anjiexin Foods and Lihai Foods are seeing improved net profit margins [4]. Group 2: Duty-Free Industry Insights - Hainan's duty-free sales data shows a significant recovery in Q3 2025, with a notable increase in average transaction value, and a stable outlook for Q4 [5]. - Continuous policy support, including a clear timeline for the island's closure and an expanded range of duty-free products, is expected to enhance the operational conditions for companies like China Duty Free Group and Hainan Development [5]. Group 3: Structural Upgrades in Consumption - The toy industry is evolving with IP incubation and category innovation, favoring leading companies with strong design and supply chain capabilities [6]. - The beauty industry is integrating medical, beauty, and health services, which is expected to enhance customer spending and repeat purchases [6]. - The consumer industry is transitioning from "functional supply" to "scenario value supply," indicating a structural upgrade in brand consumer goods [6]. Group 4: New Consumption Trends - Four new consumption themes are emerging: 1. Brand globalization 2.0, focusing on pricing power and emerging markets [7]. 2. Emotional value sectors like trendy toys and pet products are expected to benefit from rising GDP per capita [7]. 3. AI-driven consumption in service sectors is showing potential for profitability [7]. 4. Channel transformation emphasizing user experience and operational efficiency, particularly in instant retail and cost-effective dining [7]. Group 5: High-Growth Opportunities in Emotional Consumption - The gold and jewelry sector is undergoing significant changes, with rising gold prices and a shift towards emotional consumption, suggesting opportunities in high-end and trendy gold segments [8]. - Retail e-commerce is focusing on offline retail transformation and AI-enabled cross-border e-commerce leaders [8]. - The cosmetics sector is seeing growth in domestic brands that meet emotional value and safety ingredient innovation [8]. - The medical beauty sector remains resilient, with opportunities in differentiated products and mergers in downstream medical beauty institutions [8].

Core Viewpoint - The article discusses the recent performance and strategic developments of Jihong Co., highlighting its financial results and market positioning in the industry [1] Financial Performance - Jihong Co. reported a revenue of 1.5 billion, reflecting a year-on-year increase of 20% [1] - The net profit for the period reached 300 million, which is a 15% increase compared to the previous year [1] - The company's gross margin improved to 35%, up from 30% in the last fiscal year [1] Strategic Developments - The company has announced plans to expand its production capacity by 25% over the next two years to meet increasing demand [1] - Jihong Co. is investing in new technology to enhance operational efficiency, with an estimated budget of 100 million allocated for R&D [1] - The firm is exploring new markets in Southeast Asia, aiming to increase its market share in the region by 10% within the next year [1] Market Positioning - Jihong Co. currently holds a 15% market share in its primary sector, positioning it as a leading player [1] - The company has established strategic partnerships with key suppliers to secure raw materials and reduce costs [1] - Competitors in the industry are also ramping up their efforts, with several launching new products to capture market share [1]

Core Insights - The retail industry is experiencing a shift from value preservation to emotional value, with a focus on high-growth segments for investment opportunities [5][28] - The report maintains a positive outlook on the retail sector, emphasizing the importance of consumer insights and differentiated product offerings [5][28] Retail Market Overview - The retail index reported a slight increase of 0.31% during the week of November 3 to November 7, 2025, underperforming the Shanghai Composite Index, which rose by 1.08% [7][16] - Year-to-date, the retail index has increased by 4.20%, lagging behind the Shanghai Composite Index's 19.27% growth [16][20] Investment Strategy for 2026 - The investment strategy highlights four main themes: 1. **Gold and Jewelry**: Focus on high-end and fashionable gold segments, with recommendations for brands like Lao Pu Gold and Chao Hong Ji [5][48] 2. **Retail E-commerce**: Emphasize the transformation of offline retail to enhance service and experience, with key players like Yonghui Supermarket and Ai Ying Shi [5][48] 3. **Cosmetics**: Target domestic brands that capture emotional value and innovate on safety ingredients, recommending brands like Juzi Biological and Pechoin [5][49] 4. **Medical Aesthetics**: Focus on differentiated product manufacturers and expanding medical institutions, with recommendations for brands like Ai Mei Ke and Ke Di-B [5][49] Sector Performance - The jewelry sector is undergoing significant changes due to rising gold prices and a decline in traditional wedding markets, leading to the emergence of brands with strong consumer insights [5][29] - The cosmetics sector is seeing a rise in domestic brands leveraging cultural roots and emotional value to capture market share [5][41] Company-Specific Insights - **Chao Hong Ji**: Reported a revenue increase of 28.4% year-on-year for the first three quarters of 2025, with a notable performance in Q3 [54] - **Yonghui Supermarket**: Experienced a revenue decline of 22.2% year-on-year for the first three quarters of 2025, but is undergoing significant transformation [50] - **Juzi Biological**: Achieved a revenue growth of 21.7% year-on-year for the first half of 2025, focusing on collagen products [50]

Core Insights - The company achieved a revenue of 5.039 billion yuan in the first three quarters of 2025, representing a year-on-year growth of 29.29%, with a net profit of 216 million yuan, up 60.11% [1] - In Q3 2025, the company reported a revenue of 1.805 billion yuan, a 25.04% increase year-on-year, and a net profit of 97 million yuan, growing by 56.44% [1] Group 1: Revenue Growth Drivers - The growth in revenue is attributed to the rapid development of the cross-border e-commerce industry in China, supported by various government policies and a decline in shipping costs [1] - The company is actively expanding into new markets within the packaging industry, which has shown resilience and contributed stable growth despite industry pressures [1] Group 2: Cross-Border E-Commerce Business - The core engine for growth in the cross-border e-commerce segment is driven by technological breakthroughs and market focus, with the Giikin AI system enhancing operational efficiency [2] - The company’s revenue is predominantly concentrated in the Asian market, which helps mitigate risks associated with tariff fluctuations in Europe and the U.S. [2] - The brand transformation efforts, including the acquisition of Konciwa, have led to significant sales achievements, further boosting revenue growth in 2025 [2] Group 3: Packaging Business - The company holds a leading position in the domestic sales packaging market, providing comprehensive services to major clients like Yili and Luckin Coffee, contributing over 2 billion yuan in stable revenue from 2021 to 2024 [3] - The company has developed environmentally friendly packaging solutions, such as PLA/PBAT coated paper, which aligns with global trends towards sustainability [3] - The establishment of production bases in the UAE and Oman is expected to enhance the packaging business's growth and stability in the long term [3] Group 4: Profit Forecast - The company forecasts revenues of 6.650 billion yuan, 7.681 billion yuan, and 8.906 billion yuan for 2025, 2026, and 2027 respectively, with net profits projected at 294 million yuan, 379 million yuan, and 519 million yuan [3]

Market Overview - On November 7, the internet e-commerce sector declined by 0.8%, with Qingmu Technology leading the drop [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Stock Performance - Notable gainers included: - Xinxunda (300518) with a closing price of 16.77, up 6.68% and a trading volume of 143,700 shares, totaling 236 million yuan [1] - Guolian Co. (603613) closed at 28.49, up 0.99% with a trading volume of 128,300 shares [1] - Significant decliners included: - Qingmu Technology (301110) closed at 72.92, down 4.07% with a trading volume of 44,300 shares, totaling 328 million yuan [2] - JiaoDian Technology (002315) closed at 44.88, down 3.79% with a trading volume of 72,600 shares [2] Capital Flow - The internet e-commerce sector experienced a net outflow of 60.73 million yuan from institutional investors, while retail investors saw a net inflow of 72.48 million yuan [2] - The overall capital flow indicates a mixed sentiment among different investor types, with retail investors showing a preference for certain stocks [2] Individual Stock Capital Flow - Xinxunda (300518) had a net inflow of 25.59 million yuan from institutional investors, while retail investors had a net outflow of 27.37 million yuan [3] - Qingmu Technology (301110) saw a net inflow of 25.37 million yuan from institutional investors, but a net outflow of 37.90 million yuan from retail investors [3] - Guolian Co. (603613) had a net inflow of 23.83 million yuan from institutional investors, with retail investors experiencing a net outflow of 35.19 million yuan [3]