Financial Performance - The company's operating revenue for the first half of 2024 was ¥8,196,858,061.77, representing a 1.52% increase compared to ¥8,073,870,687.71 in the same period last year[13]. - Net profit attributable to shareholders decreased by 18.71% to ¥601,454,229.25 from ¥739,853,262.10 year-on-year[13]. - The total revenue for the reporting period was ¥8,196,858,061.77, representing a year-on-year increase of 1.52% compared to ¥8,073,870,687.71 in the same period last year[74]. - The company's gross profit margin for the reporting period was 18.38%, a slight decrease of 0.08 percentage points compared to the same period last year[35]. - The revenue from gold jewelry accounted for 84.94% of total revenue, increasing by 3.43% year-on-year[75]. - The revenue from embedded jewelry decreased by 29.18% to ¥372,430,036.77, reflecting a decline in this product category[75]. - The company reported a significant decline in embedded jewelry sales, with average sales per self-operated store dropping by 40.45% to 131,600 CNY[44]. - The average revenue per self-operated store decreased by 6.72% to 2.85 million CNY, while the average gross profit per store fell by 8.08% to 741,900 CNY[44]. - The average revenue per franchise store declined by 9.4% to 1.23 million CNY, with the average gross profit dropping by 16.67% to 166,200 CNY[44]. - The company reported a net profit attributable to shareholders of CNY 601,454,229.25 for the first half of 2024, with distributable profits amounting to CNY 3,791,616,063.18[103]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 80.62% to ¥1,293,609,769.08 compared to ¥716,197,975.45 in the previous year[13]. - Cash and cash equivalents at the end of the reporting period totaled 2.537 billion yuan, with a net cash inflow of 1.544 billion yuan during the period[29]. - The total assets at the end of the reporting period reached ¥9,081,285,060.98, a 13.34% increase from ¥8,012,438,337.87 at the end of the previous year[13]. - The total liabilities reached 2.802 billion yuan, reflecting a significant increase of 72.12% from the beginning of the period[27]. - The company's cash and cash equivalents increased to ¥2,536,969,119.52, representing 27.94% of total assets, up from 10.63% last year, a significant increase of 17.31%[78]. - The inventory balance at the end of the reporting period was 4.182 billion yuan, an increase of 14.81% compared to the beginning of the period[27]. - The company's accounts receivable decreased to CNY 199,996,890.96, accounting for 2.20% of total assets, down 16.49% from 18.69% last year, due to a low-risk strategy implemented during the reporting period[78]. - The company's total current liabilities increased to CNY 2,724,008,848.23 from CNY 1,568,830,891.81, marking an increase of about 73.61%[152]. Store Operations and Expansion - The number of stores at the end of the reporting period was 5,230, with a net increase of 495 stores compared to the same period last year[36]. - The company opened 31 new self-operated stores, generating revenue of 46.82 million CNY and a gross profit of 10.96 million CNY during the reporting period[38]. - The company added 266 new franchise stores, contributing 251 million CNY in revenue and a gross profit of 52.16 million CNY[40]. - The company closed 173 stores, which accounted for 3.31% of the total stores, resulting in a revenue loss of 45.72 million CNY, impacting the overall revenue by 1.15%[42]. - The total number of stores at the end of the reporting period was 5,230, with a net increase of 297 stores compared to the previous period[39]. Product Development and Market Strategy - The company continues to focus on developing "scenario-style jewelry" to better meet consumer preferences and market trends[21]. - The company has launched 18 brand series in its gold product line, emphasizing innovation and market adaptability[21]. - The company is enhancing its investment in IP cultural products and original product series to cater to evolving consumer demands[21]. - The company continues to deepen its product matrix with a focus on traditional Chinese culture, launching new series inspired by national treasures, including "青花瓷色" and "敦煌色" products, which received positive market feedback[22]. - The diamond-inlaid products remain a core strength, with the introduction of the "LOVE100" diamond cut, enhancing market recognition and brand competitiveness, and the company has established a strategic partnership with the Natural Diamond Council for 2024-2025[23]. - The company has adjusted its supply chain strategy, transitioning to direct supply for classic bestselling products to improve supply efficiency and market responsiveness[25]. - The company is focusing on product research and development, optimizing product structure, and enhancing brand core capabilities to navigate the challenging market environment[26]. - New product series targeting younger consumers, such as the "国家宝藏·藏宝阁" and "国家宝藏·国风" collections, aim to attract a broader demographic[22]. - The international art jewelry line, led by renowned designer Loretta Baiocchi, has launched collections inspired by famous artworks, catering to both new middle-class women and Gen Z consumers[22]. Marketing and Consumer Engagement - The company is actively exploring digital marketing strategies to enhance consumer engagement and adapt to changing market dynamics[26]. - The company has established a multi-channel approach in e-commerce, enhancing operational efficiency and market penetration[64]. - The company has improved its online marketing strategies, utilizing "live streaming + short videos" to enhance brand penetration and effectively target consumer needs[66]. - The company has emphasized the importance of understanding consumer behavior and preferences to drive product design and marketing strategies[63]. - The company plans to optimize its product mix in response to declining consumer demand for gold products[47]. Dividend and Profit Distribution - The company plans to distribute cash dividends of 3 RMB per 10 shares, totaling approximately 325.64 million RMB, with an overall cash dividend amount for 2024 expected to reach 1.03 billion RMB, a 5.56% increase from 2023[113]. - The proposed cash dividend for the first half of 2024 is CNY 3 per 10 shares, totaling CNY 325,642,167.90, which represents 54.14% of the net profit[103]. - The total distributable profit for the current period is approximately 3.08 billion CNY, with cash dividends accounting for 100% of the profit distribution[102]. - The company aims to maintain a profit distribution policy where at least 50% of the cumulative distributable profits over three years will be distributed[98]. - The company has established a systematic arrangement for profit distribution to ensure stability and continuity in shareholder returns over the next three years (2024-2026)[98]. Governance and Shareholder Structure - The company completed the election of the board of directors on June 18, 2024, with a 100% shareholding by the controlling shareholders[135]. - The controlling shareholder, Shenzhen Zhou's Investment Co., Ltd., holds 55.57% of the shares, totaling 609,018,750 shares[138]. - The company’s shareholding structure indicates a significant concentration of ownership among a few major shareholders[138]. - The top 10 shareholders collectively hold 80% of the company's shares, indicating a high concentration of ownership[142]. - The company has not engaged in any significant asset or equity sales during the reporting period[86]. Compliance and Risk Management - The company has established a comprehensive quality control system to ensure product quality and compliance with industry standards[92]. - The company has no significant environmental penalties or issues reported during the period[110]. - The semi-annual financial report has not been audited[118]. - The company has not faced any major litigation or arbitration matters during the reporting period[118]. - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[118].

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：2024-045 周大生珠宝股份有限公司 关于公司 2024 年 7 月份新增自营门店情况简报 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 （2023 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 2024 年 7 月份公司新增自营门店概况披露如下： | 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 | 周大生国家宝藏太原公元时 1 | 华北 | 2024.7.1 | 专卖 | 26 | 402 | 素金、镶嵌 | | | 代城专卖店 | | | 店 | | | | | 2 | 2周大生太原百花谷专卖店 | 华北 | 2024.7.1 | 专卖 店 | 131 | 550 | 素 ...

证券代码：002867 证券简称：周大生 公告编号：2024-044 周大生珠宝股份有限公司 关于公司收到《民事判决书》暨诉讼进展的公告 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"）于近日收到广东省深圳市罗湖 区人民法院（2023）粤0303民初25147号《民事判决书》，现将有关情况公告如 下： 一、本次诉讼基本情况 2、驳回原告深圳市水贝卡信息技术有限公司的其他诉讼请求。 三、本次诉讼对公司本期利润或期后利润的可能影响 本诉讼案件尚处于一审判决阶段，双方当事人均有权在规定期限内提起上诉。 如任何一方当事人提起上诉，则该案件最终判决结果、执行情况等存在不确定性， 公司将根据诉讼的进展情况及时履行信息披露义务。如各方当事人均未在规定期 限内提起上诉，前述一审判决将成为生效判决，公司因本次诉讼所冻结的银行账 户将会按法定程序解除冻结。 公司始终尊重以事实为依据，以法律为准绳的基本原则，并认为基于前述原 则所最终取得的公平、公正的生效判决结果将不会对公司本期及期后利润产生重 大不利影响。 四、备查文件 《民事判决书》（ ...

证券研究报告 非金融公司|公司深度|周大生（002867） 品牌运营灵活，行业企稳下业绩修复可 期 请务必阅读报告末页的重要声明 glzqdatemark1 2024年08月06日 证券研究报告 |报告要点 2024 年以来金价上涨速度较快，对终端消费有一定抑制，至 6 月珠宝零售额降幅已边际收窄， 消费者对金价高位预期逐渐习惯以及七夕/中秋/国庆等旺季临近，珠宝景气度有望企稳回升。 作为中国内地中高端主流市场钻石珠宝领先品牌，周大生 2021 年快速调整产品结构，推行省 代模式加快市场布局，规模/份额/品牌优势持续巩固，业绩增长稳健，上市以来分红稳定，行 业景气企稳下公司业绩修复可期。 |分析师及联系人 邓文慧 李英 SAC：S0590522060001 SAC：S0590522110002 请务必阅读报告末页的重要声明 1 / 30 非金融公司|公司深度 glzqdatemark2 2024年08月06日 周大生（002867） 品牌运营灵活，行业企稳下业绩修复可期 | --- | --- | --- | |-------|------------|---------------| | 行 | 业： | ...

上市公司名称：周大生珠宝股份有限公司 股票代码：002867 证券代码：002867 证券简称：周大生 信息披露义务人：周飞鸣 住所：广东省深圳市南山区******** 通讯地址：深圳市罗湖区布心路 3033 号水贝壹号 A 座 23 层 股权变动性质：增加，一致行动人之间股权转让 签署日期：2024 年 7 月 17 日 周大生珠宝股份有限公司 简式权益变动报告书 信息披露义务人声明 上市地点：深圳证券交易所 股票简称：周大生 本声明所述的词语或简称与本报告书"释义"所定义的词语或简称具有相同 的涵义。 一、本报告书系依据《中华人民共和国证券法》、《上市公司收购管理办法》、 《公开发行证券的公司信息披露内容与格式准则第 15 号———权益变动报告书》 等相关法律、法规和规范性文件编写。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、依据《中华人民共和国证券法》、《上市公司收购管理办法》的规定，本 报告书已全面披露信息披露义务人在周大生珠宝股份有限公司（以下简称"周大 生"、"公司"、"上市公司"）中拥有权益的股份变动情况。 截至本报告书签署之日，除本报告书披露的持股信息外，上述信息披露义务 人 ...

证券代码：002867 证券简称：周大生 周大生珠宝股份有限公司 简式权益变动报告书 上市公司名称：周大生珠宝股份有限公司 上市地点：深圳证券交易所 股票简称：周大生 一、本报告书系依据《中华人民共和国证券法》、《上市公司收购管理办法》、 《公开发行证券的公司信息披露内容与格式准则第 15 号———权益变动报告书》 等相关法律、法规和规范性文件编写。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、依据《中华人民共和国证券法》、《上市公司收购管理办法》的规定，本 报告书已全面披露信息披露义务人在周大生珠宝股份有限公司（以下简称"周大 生"、"公司"、"上市公司"）中拥有权益的股份变动情况。 截至本报告书签署之日，除本报告书披露的持股信息外，上述信息披露义务 人没有通过任何其他方式增加或减少在周大生珠宝股份有限公司拥有权益的股 份。 股票代码：002867 信息披露义务人（1）：周宗文 信息披露义务人（2）：周华珍 住所：广东省深圳市南山区******** 通讯地址：深圳市罗湖区布心路 3033 号水贝壹号 A 座 23 层 股权变动性质：减少，信息披露义务人向其一致行动人股权转让 签署日期：202 ...

证券代码：002867 证券简称：周大生 公告编号：2024-043 周大生珠宝股份有限公司 重要内容提示： 关于实际控制人与其一致行动人股权转让暨权益 变动的提示性公告 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。 1、本次权益变动是由控股股东深圳市周氏投资有限公司（以下简称"周氏 投资"）、第二大股东深圳市金大元投资有限公司（以下简称"金大元"）内部股 权结构调整变动所导致，为家庭内部的股权转让，不涉及向市场减持，不触及要 约收购，不涉及周大生珠宝股份有限公司（以下简称"公司"、"上市公司"、"周 大生"）控制权变更，不会导致公司控股股东、实际控制人发生变化。 2、周宗文与周华珍系夫妻，为公司实际控制人，周飞鸣为其二人之子。本 次权益变动目的是为了家庭内部持股安排的调整，不会对上市公司治理结构及持 续经营产生影响。 3、本次权益变动后，周宗文直接和间接合计持有公司比例降低至 41.87%； 周华珍直接和间接合计持有公司比例降至 4.5%；周飞鸣直接和间接合计持有公 司比例增加至 16.96%。 4、周宗文、周华珍、周飞鸣构成一致行动关系，三人签署了《一致 ...

公司报告 | 公司点评 24H1 净开店 124 家维持积极态势,处估值低位、关注 Q3 销售改善可能 事件: 公司发布公告,2024 年上半年净增门店数量 124 家(2023 年上半年净增 门店数量 119 家)。截至 2024 年 6 月 30 日,公司门店总数为 5230 家,其 中自营店 343 家,加盟店 4887 家。 近况更新: 受前期金价急涨影响,周大生以金饰为主,我们预计 Q2 业绩承压但 6 月 较 5 月有好转、后续有望逐步企稳。6 月社零数据出炉,金银珠宝品类同 比 yoy-3.7%(5 月 yoy-11%),我们认为如果 7-8 月能转正将成为明显正催 化,拉长时间看,消费需求逐步从纯消耗型消费品向带保值属性的消费品 转移、黄金珠宝持续性需求相对有韧性。 竞争优势: 周大生品牌整体较为年轻化,符合新时代消费者定位;早年依托三四线城 市的渠道先发优势,率先抢占了下沉市场红利,处于渠道规模第一梯队; 同时在 2021 年快速调整产品策略,发力黄金,并配合深度营销、高效营 运,迅速提升黄金产品市场份额。 从中长期来看,品牌势能的驱动依靠渠道规模和品牌精细化运营能力,且 品牌的精细化管理反 ...

代码:002867 证券简称:周大生 编号:2024-032 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 □分析师会议 □媒体采访 □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) 参与单位名称 共计 3 位投资者(排名不分先后): 及人员姓名 汇添富基金:周晗 华鑫证券:孙山山、廖望州 时 间 2024 年 7 月 15 日 地 点 总部会议室 上市公司接待人员姓名 证券事务代表:周晓达、荣欢 一、 问答环节: 投资者主要就公司商业模式、金价波动影响、产品研发情况、行业 投资者关系活动 情况、股息率等内容进行了交流,并参观了公司展厅;可参阅前次活动 主要内容介绍 记录表之问答和已披露公告。 | --- | |---------------------------------------------------------------| | 接待过程中,公司严格按照《信息披露管理制度》等规定,保证信 | | 息披露的真实、准确、完整、及时、公平,没有出现未公开重大信息泄 | | 露等情况。同时,现场调研的投资者已按深交所要求签署承诺函。 | 附件清单 ...

代码：002867 证券简称：周大生 编号：2024-031 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 □分析师会议 □媒体采访 □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17位投资者（排名不分先后）： 兴业证券：张彬鸿 鑫巢资本：王璞 圆信永丰基金：许一欣 星泰资本：贾雨朦 平安养老保险：邹译萱 华泰证券（上海）资产：朱南钰 参与单位名称 淳厚基金：朱颜小悦 泓德基金：操昭煦 及人员姓名 财通基金：杨爱琳 汇华理财：郄文惠 东方证券：邢恺 上海同犇投资：刘慧萍、童驯 望正资产：陈瑜 兴业自营：刘璐丹 泰信基金：王冰倩 国泰君安资管：黄美然 时 间 2024年7月4日 地 点 线上 ...