七夕已至，"浪漫经济"再度点燃线下消费市场。抖音生活服务数据显示，今年七夕节前期平台消费呈多 元化、年轻化等趋势。 浪漫氛围离不开美味加持，双人餐作为七夕约会的"经典项目"，抖音团购销售额持续走高。今年七夕节 前，平台双人餐团购订单量较去年同期增长72%。从城市排行来看，双人餐团购消费热门城市包括北 京、郑州、深圳、广州等一线城市、新一线城市。 城市甜蜜版图中，小城浪漫消费活力十足。抖音生活服务数据显示，开封住宿团购和双人餐团购销售额 同比增幅达到284%，景德镇、大同达去年2倍以上，同比增幅分别为147%和101%。此外，漳州、乐 山、湖州、秦皇岛同样亮眼，同比增长分别达92%、87%、75%和74%，小城消费潜力持续释放。 老凤祥、周大生（002867）、周六福等知名连锁品牌，通过专场直播、七夕特色团购品等，将线上热度 转化为线下客流量，带动黄金销售提升的同时，迎来新一拨消费兴趣人群。 8月16日至8月25日，美妆个护、服饰鞋帽抖音团购订单量增长均超2倍，较去年七夕节前增幅分别为 324%和239%，为爱人或自己在线下实体店挑选精美礼物成主流选择。 除了礼物，情侣们更倾向于通过品质消费体验共度佳节，休闲娱 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 301177 | 迪阿股份 | 35.12 | 19.99% | 5.51万 | | 1.85亿 | | 002345 | 潮宏基 | 14.76 | 3.58% | 33.37万 | | 4.96亿 | | 603900 | 莱坤通灵 | 10.92 | 2.44% | 28.64万 | | 3.11亿 | | 300945 | 曼卡龙 | 18.72 | 2.13% | 18.11万 | | 3.42亿 | | 002731 | 幸华珠宝 | 13.01 | 0.46% | 6.58万 | | 8564.65万 | | 600916 | 中国黄金 | 8.18 | 0.25% | 21.44万 | | 1.75亿 | | 002574 | 明牌珠宝 | 5.65 | 0.00% | 9.84万 | | 5564.29万 | | 002721 | 金一文化 | 3.87 | 0.00% | 72.50万 | | 2.81亿 | | ...

Key Insights - The report highlights the significant growth in the nutritional products sector, with New Hope Liuhe (002001.SZ) achieving a revenue of 11.101 billion yuan, a year-on-year increase of 12.76%, and a net profit of 3.603 billion yuan, up 63.46% [10] - The report emphasizes the robust performance of the amino acid market, particularly methionine, with prices rising to 22,200 yuan per ton, reflecting a year-to-date increase of 12.98% [11] - The report notes the steady performance of the vitamin A and E segments, with revenue of 2.085 billion yuan and a net profit of 1.209 billion yuan, maintaining a net profit margin of 58% despite recent price declines [12] Company Analysis - New Hope Liuhe's nutritional products segment accounted for 64.86% of total revenue, with a gross margin of 47.79%, an increase of 11.93 percentage points year-on-year [10] - The company has expanded its methionine production capacity to 460,000 tons per year, positioning it as the third-largest producer globally [11] - The vitamin segment's revenue is expected to remain stable, with recent price adjustments indicating limited further declines [12] Industry Trends - The real estate sector is experiencing a downturn, with a 6.5% year-on-year decline in sales volume and a 4.0% decrease in sales area as of July 2025 [22] - The average price of new residential properties has decreased by 2.6% year-on-year, indicating ongoing pressure in the housing market [23] - Recent policy relaxations in major cities like Beijing and Shanghai are expected to provide some support to the real estate market, although the overall outlook remains cautious [24] Financial Performance - The report indicates that Beike-W (02423.HK) achieved a revenue of 26 billion yuan in Q2 2025, a year-on-year increase of 11%, although net profit declined by 32% [28] - Yuexiu Property (00123.HK) reported a revenue of 47.6 billion yuan, a 34.6% increase, but a net profit decline of 25.2% due to lower gross margins [31] - Zhou Dasheng (002867.SZ) experienced a 43.29% drop in revenue to 4.597 billion yuan, while net profit remained relatively stable, reflecting a 1.27% decline [32] Market Outlook - The report suggests that the non-bank financial sector is poised for growth, driven by a shift in deposit behaviors and increased demand for risk assets [25] - The overall market is in a recovery phase, with expectations of a gradual improvement in economic conditions and investment opportunities in various sectors [26] - The report maintains a positive outlook for companies with strong fundamentals and innovative product offerings, particularly in the nutritional and financial sectors [13][26]

Group 1: Snow Peak Technology (603227) - The company is positioned as a leader in the civil explosives and chemical industry in Xinjiang, with a dual business layout of "civil explosives + chemicals" [10][12] - Revenue forecasts for 2025-2027 are projected at 6.582 billion, 7.665 billion, and 8.613 billion yuan, with corresponding net profits of 545 million, 820 million, and 1.035 billion yuan, indicating growth rates of -19%, 51%, and 26% respectively [12] - The company benefits from a significant regional advantage in Xinjiang, where the scarcity of ammonium nitrate is highlighted, and the entry of Guangdong Hongda is expected to facilitate the scale-up of explosives production [12] Group 2: Meituan (03690) - The company maintains a "buy" rating despite a decrease in profits due to increased competition in the food delivery and instant retail sectors, with adjusted net profits for 2025-2027 revised to -4.5 billion, 38.5 billion, and 57.6 billion yuan [11][15] - The core local business revenue grew by 7.7% year-on-year to 65.3 billion yuan, but operating profit fell by 75.6% to 3.7 billion yuan, indicating significant pressure on profit margins [13][15] - The company is actively expanding its logistics network and enhancing service quality, with a peak daily order volume exceeding 150 million in July [13][15] Group 3: Banking Sector Insights - Industrial Bank (601166) reported a revenue of 110.5 billion yuan in 1H25, a decrease of 2.3%, but net profit increased by 0.2% to 43.1 billion yuan, indicating a recovery in profitability [17][19] - CITIC Bank (601998) achieved a revenue of 105.8 billion yuan in 1H25, down 3%, while net profit rose by 2.8% to 36.5 billion yuan, reflecting stable asset quality [21][23] - Su Nong Bank (603323) reported a slight revenue increase of 0.2% to 2.28 billion yuan in 1H25, with net profit growing by 5.2% to 1.18 billion yuan, showcasing a robust fundamental performance [25][26]

人民财讯8月29日电，周大生（002867）8月28日在电话会议上表示，公司已对存量国家宝藏系列产品全 面梳理，淘汰不符合新定位的产品，保留符合定位的产品；同时对产品进行模型化处理，并加强研发投 入。2025年9月及后续将陆续发布国家宝藏IP新品，未来公司在国家宝藏IP产品的设计研发上不吝投 入，确保产品在工艺、设计、文化题材上不亚于目前行业当中代表高端黄金的友商。此外，公司将发挥 互联网营销优势，后续计划与国内知名内容机构深度合作。 ...

国际金价持续高位运行，周大生（002867）(002867.SZ)业绩大受影响。 8月27日晚间，周大生发布的2025年半年度报告显示，公司上半年实现营业收入45.97亿元，同比下降 43.92%；净利润5.94亿元，同比下降1.27%。 长江商报记者发现，截至2025年上半年底，周大生品牌终端门店数量4718家，其中加盟门店4311家、自 营门店407家，总体较上年同期的5230家净减少512家。 不过，得益于产品结构优化及金价上行带来的定价红利，周大生上半年整体毛利率提升至30.34%，较 上年同期提升11.96个百分点，一定程度上对冲了收入规模下滑带来的盈利压力。 在此情况下，周大生坚持中期分红，公司拟每10股派发现金股利2.5元(含税)，合计派发现金股利2.71亿 元。 净利微降1.27% 周大生主要从事"周大生"品牌珠宝首饰的设计、推广和连锁经营，是国内最具规模的珠宝品牌运营商之 一。 8月27日晚间，周大生发布的2025年半年度报告显示，公司上半年实现营业收入45.97亿元，同比下降 43.92%；净利润5.94亿元，同比下降1.27%。 周大生表示，报告期，全球外部宏观环境仍具有较强不确定性，推 ...

据证券之星公开数据整理，近期周大生（002867）发布2025年中报。截至本报告期末，公司营业总收入 45.97亿元，同比下降43.92%，归母净利润5.94亿元，同比下降1.27%。按单季度数据看，第二季度营业 总收入19.24亿元，同比下降38.47%，第二季度归母净利润3.42亿元，同比上升31.32%。本报告期周大 生三费占比上升明显，财务费用、销售费用和管理费用总和占总营收同比增幅达63.46%。 本次财报公布的各项数据指标表现一般。其中，毛利率30.34%，同比增65.06%，净利率12.89%，同比 增76.01%，销售费用、管理费用、财务费用总计5.49亿元，三费占营收比11.95%，同比增63.46%，每股 净资产5.75元，同比增0.43%，每股经营性现金流0.37元，同比减68.53%，每股收益0.55元 | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 81.97 乙 | 45.97 Z | -43.92% | | 归母净利润(元) | 6.01亿 | 5.94亿 | -1.27% | | ...

每经AI快讯，周大生（SZ 002867，收盘价：13.45元）发布公告称，2025年8月28日，周大生接受共计 73位投资者调研，公司董事长及总经理周宗文、董事及副总经理郭晋、董事会秘书及副总经理何小林、 财务总监许金卓参与接待，并回答了投资者提出的问题。 2025年1至6月份，周大生的营业收入构成为：珠宝首饰占比100.0%。 截至发稿，周大生市值为146亿元。 每经头条（nbdtoutiao）——申请超2万份，已开出41家，加盟海底捞，你要准备多少钱？1000万元不算 多，真实"账单"公布 （记者 张喜威） ...

代码：002867 证券简称：周大生 编号：2025-033 周大生珠宝股份有限公司 投资者关系活动记录表 | | □特定对象调研 □媒体采访 | □分析师会议 □业绩说明会 | | --- | --- | --- | | 投资者关系活动类别 | □新闻发布会 | □路演活动 | | | □现场参观 | | | | √其他(电话会议) | | | | 共计 位投资者（排名不分先后）： 73 | | | | 长江证券：李锦、张彦淳 | 上海开思私募基金：倪飞 | | | 中信建投：刘乐文、叶乐、黄杨璐 | 富国基金：康达 | | | 深圳前海珞珈方圆资管：费春生 | 招商证券：郭伟航、王雪玉 | | | 华夏基金：黄皓 | 泰康资产：王倩 | | | 东兴基金：高坤 | 嘉实基金：吴悠、马晓煜 | | | 信诚基金：衣桢永 | Jefferies：AnneLing、裴晶珏 | | | 广发证券：嵇文欣、包晗 | 国联民生证券：邓文慧 | | 参与单位名称 | 利檀投资：焦明远 | 中信证券：李宇挺、林镇潘 | | 及人员姓名 | 万联证券：李滢 | 浙商证券：詹陆雨 | | | 高盛证券：陈凯琦、Mia Gu ...

证券研究报告 公司研究 [Table_ReportType] 公司点评报告 [Table_StockAndRank] 周大生(002867.SZ) 投资评级 买入 上次评级 买入 蔡昕妤 商社分析师 执业编号：S1500523060001 联系电话：13921189535 邮 箱：caixinyu@cindasc.com 信达证券股份有限公司 CINDA SECURITIES CO.,LTD 北京市西城区宣武门西大街甲127号金隅大厦 B座 邮编：100031 [Table_Title] 周大生(002867.SZ)25Q2 点评：收入降幅环比 收窄，利润实现较好增长 [Table_ReportDate] 2025 年 8 月 28 日 [Table_Author] [Table_OtherReport] 少。25H1 投资收益 0.16 亿元，24H1 为-0.55 亿元，主要为黄金租赁业务 到期归还所形成的投资损益以及对联营企业所形成的股权投资损益。 [Table_S 事件：公司ummar发布y] 25H1 业绩，实现收入 45.97 亿元，同降 43.9%，归母净利 润 5.94 亿元，同降 1.27% ...