Group 1 - The domestic gold jewelry prices have slightly increased by 7 yuan per gram compared to the previous day, with many brands reporting a price of 1015 yuan per gram [1][4] - Various brands' prices for 999 gold jewelry are as follows: Zhou Dasheng at 1015 yuan per gram, Caibai at 996 yuan per gram, Chao Hong Ji at 1015 yuan per gram, TSL at 1015 yuan per gram, Jin Zun at 1015 yuan per gram, and Zhou Liu Fu at 995 yuan per gram [4]

Domestic Gold Market - The overall gold prices in domestic brand stores remained stable compared to last Friday, with Chow Sang Sang experiencing a two-day price increase, reaching 1012 CNY per gram, the highest among gold stores [1] - Shanghai China Gold quoted the lowest price at 969 CNY per gram, resulting in a price difference of 43 CNY per gram between the highest and lowest priced stores [1] - The latest gold prices from various brands are as follows: Lao Miao 1004 CNY, Liu Fu 1008 CNY, Chow Tai Fook 1008 CNY, and others, with no significant changes except for Chow Sang Sang [1] Platinum Prices - Platinum prices rebounded after a significant drop on Saturday, with Chow Sang Sang's platinum jewelry price increasing by 3 CNY to 581 CNY per gram [1] Gold Recycling Prices - The gold recycling price saw a slight increase of 3.3 CNY per gram, with significant price differences among brands: the average recycling price is 765.20 CNY per gram, while Lao Feng Xiang offers the highest at 778.20 CNY [2] International Gold Market - Last Friday, spot gold prices rose, peaking at 3361.05 USD per ounce before closing at 3349.42 USD, marking a 0.31% increase [4] - As of the latest update, spot gold is trading at 3367.69 USD per ounce, reflecting a 0.55% increase [4] - The rise in gold prices is attributed to increased demand for safe-haven assets due to U.S. tariff policies and geopolitical tensions in the Middle East and Ukraine [4] - Concerns over the expanding U.S. debt and potential tariff escalations are expected to continue driving the gold market [4] - Recent U.S. inflation expectations and consumer confidence data have influenced market sentiment, with inflation expectations dropping to 4.4% from a previous 5.0% [4]

Core Viewpoint - Zhou Dasheng Jewelry Co., Ltd. has disclosed the establishment of new self-operated stores in June 2025, indicating an expansion strategy in the jewelry retail sector [1][2]. Group 1: New Store Openings - The company opened several new self-operated stores in June 2025, including locations in Beijing, Shantou, Chengdu, Shenzhen, and Hangzhou [1]. - The new stores are primarily specialty stores, focusing on the sale of jewelry products [1]. - The total investment for these new stores includes initial inventory, renovations, props, and fixed assets, with the investment amount being planned [1]. Group 2: Store Details - Specific store names and locations include: - Zhou Dasheng Classic Beijing Zhongjun World City - Zhou Dasheng National Treasure Shantou Longhu Wanxiang City - Zhou Dasheng National Treasure Beijing Blue Harbor - Zhou Dasheng National Treasure Chengdu Jinniu Wanda Plaza - Zhou Dasheng Shenzhen Luohu Jinguanghua - Zhou Dasheng Beihai Heanning Spring City - Zhou Dasheng National Treasure Hangzhou West Silver Tai [1]. - The area of each store is measured in square meters, although specific area figures are not provided in the announcement [1].

根据《深圳证券交易所上市公司自律监管指引第 3 号——行业信息披露 （2025 年修订）》第四章第八节珠宝相关业务的要求，周大生珠宝股份有限公 司现将 2025 年 6 月份公司新增自营门店概况披露如下： 周大生珠宝股份有限公司 关于公司 2025 年 6 月份新增自营门店情况简报 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。 证券代码：002867 证券简称：周大生 公告编号：2025-030 2025年7月17日 | 序 | 门店名称 | 所在 | 开设时间 | 经营 | 面积 | 总投资金 | 主要商品 | | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | | 地区 | | 形式 | (m2 ) | 额（万元） | 类别 | | 1 | 周大生经典北京中骏世界城 | 华北 | 2025.6.1 | 专卖 | 55 | 680 | 素金、镶嵌 | | | 专卖店 | | | 店 | | | | | 2 | 周大生国家宝藏汕头龙湖万 | 华南 | 2025.6.6 | 专卖 | 127 | 70 ...

Core Viewpoint - The domestic gold jewelry prices remain stable compared to the previous day, with multiple brands reporting a price of 1008 CNY per gram for 24K gold jewelry [1]. Price Summary - Major brands such as Chow Tai Fook, Lao Feng Xiang, and TSL report a price of 1008 CNY per gram for their 24K gold jewelry [3][4]. - Chow Sang Sang lists a selling price of 1012 CNY per gram for its 24K gold jewelry [3]. - Lao Miao and other brands like Gold Supreme also maintain a price of 1005 CNY and 1008 CNY per gram respectively for their gold products [3][4]. - Cai Bai Jewelry offers a lower price of 982 CNY per gram for its 24K gold jewelry [4].

Group 1 - The company held its first extraordinary general meeting on April 18, 2025, where it approved the proposal for the cancellation of repurchased shares and reduction of registered capital [1] - On June 20, 2025, the company completed the cancellation of 10,452,372 repurchased shares, resulting in a total share capital change to 1,085,473,893 shares [1][2] - The company has completed the registration and filing procedures related to the changes in total share capital [2]

除上述变更外，公司其他登记项目未发生变化。 证券代码：002867 证券简称：周大生 公告编号：2025-029 周大生珠宝股份有限公司 关于完成工商变更登记的公告 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。 周大生珠宝股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日召开 2025 年第一次临时股东大会，审议通过了《关于注销回购股份并减少注册资本的议案》； 并于 2025 年 5 月 27 日召开 2024 年度股东大会，审议通过了《关于修订<公司章 程>及办理工商变更登记的议案》。2025 年 6 月 20 日，公司已注销了回购专用证 券账户中的 10,452,372 股回购股份。本次注销完成后，公司总股本由 1,095,926,265 股变更为 1,085,473,893 股，注册资本由人民币 1,095,926,265 元变更为 1,085,473,893 元 。 具 体 内 容 详 见 公 司 刊 登 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）的《2025 年第一次临时股东大会决议公告》（公 告编 ...

Core Viewpoint - Domestic gold jewelry prices remain stable, with several brands reporting prices around 998 CNY per gram for 24K gold jewelry [1][4]. Price Summary - Zhou Dasheng 24K gold jewelry is priced at 998 CNY per gram [4]. - Caibai Jewelry's 24K gold products are priced at 982 CNY per gram [4]. - Chao Hong Ji's 24K gold items are also priced at 998 CNY per gram [4]. - TSL's 24K gold jewelry is listed at 998 CNY per gram [4]. - Jin Zun's 24K gold jewelry is priced at 998 CNY per gram [4]. - Zhou Liu Fu's 24K gold products are priced at 978 CNY per gram [4].

Core Viewpoint - The article discusses the resurgence of platinum jewelry in China, driven by rising prices and changing consumer preferences, despite a long-term decline in demand and recognition among younger consumers [3][4][14]. Group 1: Market Trends - Platinum jewelry consumption in China has significantly declined from 45 tons in 2016 to 12.75 tons in 2024, with approximately 60% of the market demand previously supported by strong consumer interest [3][4]. - In 2025, platinum prices surged by 40%-50%, with leading brands like Chow Tai Fook and Lao Feng Xiang reintroducing platinum jewelry to their offerings [4][6]. - In April 2025, China imported 11.5 tons of platinum, marking the highest monthly import in a year, indicating renewed interest from jewelers and investors [6]. Group 2: Financial Performance of Jewelry Brands - The jewelry sector has faced challenges, with 13 out of 15 listed jewelry companies reporting a decline in net profits in 2024, and Chow Tai Fook's revenue dropping by 17.5% year-on-year [7][8]. - The gross profit margin for Chow Tai Fook has decreased from 29% in 2009-2017 to 20.5% in 2024, highlighting the pressure on profitability in the jewelry market [9][10]. - The demand for platinum jewelry is seen as a potential solution for brands struggling with declining gold jewelry sales, as platinum typically offers higher profit margins [9][10]. Group 3: Consumer Behavior and Preferences - Younger consumers, particularly Gen Z, show limited recognition of platinum, with less than 30% awareness among those born after 2000 [14][15]. - Despite a slight increase in platinum demand in 2024, the growth of 0.8% is considered negligible in the broader market context [15][16]. - The perception of platinum as less valuable compared to gold affects consumer interest, with many young consumers opting for alternatives like silver or gold-plated items [19][20]. Group 4: Supply and Demand Dynamics - The global supply of platinum is projected to decline, with a forecasted supply gap of 30 tons in 2025, driven by reduced production and increasing industrial demand [25][27]. - Industrial applications, particularly in the automotive sector, account for a significant portion of platinum demand, with expectations that hydrogen energy projects will further increase this demand [25][26]. - The recycling of platinum from jewelry remains low, contributing to supply constraints, as many jewelers lack the capability to recycle platinum effectively [29].

Group 1 - Domestic gold jewelry prices have decreased, with several brands reporting a drop of 7 yuan per gram, bringing prices below 1,000 yuan per gram, specifically to 998 yuan per gram [1][5] - Various brands have set their gold jewelry prices as follows: Zhou Dazai at 998 yuan per gram, Cai Bai at 982 yuan per gram, and Zhou Liufu at 978 yuan per gram [5]