每经头条（nbdtoutiao）——国际金价冲破5000美元！7年涨了280%，什么时候才见顶？专家：关键还 看美元，重点关注国际货币体系、降息和科技革命 每经AI快讯，张小泉1月26日晚间发布公告称，公司第三届第十四次董事会会议于2026年1月26日在公 司会议室以现场结合通讯方式召开。会议审议了《关于补选董事会专门委员会成员及召集人的议案》等 文件。 （记者 曾健辉） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 ...

证券代码：301055 证券简称：张小泉 公告编号：2026-005 二、董事会会议审议情况 张小泉股份有限公司 第三届董事会第十四次会议决议公告 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。 一、董事会会议召开情况 张小泉股份有限公司（以下简称"公司"）第三届董事会第十四次会议通知 于 2026 年 1 月 23 日以邮件方式发出，并于 2026 年 1 月 26 日在公司会议室以现 场结合通讯方式召开。会议由董事长张新程先生主持，应出席董事 9 名，实际出 席董事 9 名，其中王傲延先生、李赫然先生、潘攀先生、陈海先生、张子君女士 以通讯表决方式出席本次会议。全体高级管理人员列席本次会议。会议的召集和 召开符合《公司法》《证券法》等法律法规、部门规章、规范性文件及《公司章 程》的规定。 人。 4、薪酬与考核委员会：陈海先生、张子君女士、张新程先生，其中陈海先 生任召集人。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 三、备查文件 经全体参会董事认真讨论，会议形成如下决议： (一) 审议通过《关于补选董事会专门委员会成员及召集人的议案》 为进一步 ...

Core Viewpoint - The article discusses the crisis faced by the century-old brand "Zhang Xiaoqin," highlighting the stark contrast between the brand's operational success and the financial troubles of its parent company, Fuchun Holdings, which is burdened with over 5 billion yuan in debt [4][6]. Group 1: Brand Crisis and Debt Issues - The auction of a ten-year-old Mercedes-Benz belonging to Zhang Xiaoqin Group reflects the brand's current struggles, as the vehicle's price dropped from 600,000 yuan to 384,000 yuan without attracting buyers [4]. - Zhang Xiaoqin Co., as a listed entity, reported revenue and profit growth for the first three quarters of 2025, indicating that the core business is not failing; rather, the issues stem from the parent company's debt crisis [6][9]. - Fuchun Holdings' aggressive expansion into high-leverage sectors like real estate and finance has led to a complex web of cross-shareholding and guarantees, dragging Zhang Xiaoqin Group into a debt quagmire [8][9]. Group 2: Impact of Diversification - The brand's core foundation is being eroded due to resource misallocation, as the parent company's focus has shifted away from the traditional knife and scissors business to real estate and capital operations [9][10]. - Negative publicity surrounding the parent company's debt issues has tarnished the brand's reputation, leading to consumer doubts about product quality and stability [10]. - The judicial freezing and pledging of 28.23% of the listed company's shares owned by Zhang Xiaoqin Group highlight the financial strain and the potential loss of control over the brand [10]. Group 3: Lessons from Other Brands - The article draws parallels with other brands that have faced similar crises due to blind diversification, such as Renhe Pharmaceutical and Two-Sided Needle, which diluted their core business and brand value [12][13]. - Successful recovery strategies often involve a painful return to core competencies, as demonstrated by Bosideng's focus on down jackets after diversifying unsuccessfully [15][20]. - The case of GAP in China illustrates the effectiveness of deep localization and strategic restructuring in revitalizing a struggling brand [18]. Group 4: Strategic Insights - Brands must respect their core business and focus on deepening their unique value proposition rather than pursuing broad diversification [20][21]. - Successful diversification should stem from natural extensions of core capabilities rather than arbitrary cross-industry ventures [21]. - The article emphasizes the importance of maintaining brand independence and security in capital partnerships to avoid becoming collateral damage in financial games [21].

Economic Policy - The People's Bank of China will continue to implement a moderately loose monetary policy in 2026, utilizing various tools such as reserve requirement ratio cuts and interest rate reductions to maintain ample liquidity [1] - The Ministry of Commerce and nine other departments have issued opinions to promote high-quality development in the pharmaceutical retail industry, supporting mergers and acquisitions among retail pharmacies [1] Capital Market Developments - The People's Bank of China announced a 900 billion yuan MLF operation to maintain liquidity in the banking system, with a one-year term [3] - Public funds have focused on core sectors such as electronics and power equipment, with Zhongji Xuchuang becoming the largest holding stock, valued at 78.421 billion yuan [3] - The National Development and Reform Commission has allocated 93.6 billion yuan in special bonds to support over 4,500 projects across various sectors, driving total investment exceeding 460 billion yuan [3] Industry Highlights - The commercial aerospace sector is gaining attention, with Blue Arrow Aerospace's IPO status changing to "inquiry" as it aims to become the first commercial aerospace stock [7] - Domestic AI chip company Suiyuan Technology has received approval for its IPO, aiming to raise 6 billion yuan for AI chip development [7] - The human-shaped robot sector remains active, with Zhejiang's innovation center completing a 450 million yuan Pre-A round of financing [7] Company Updates - Zhaoyi Innovation expects a net profit of 1.61 billion yuan for 2025, a year-on-year increase of approximately 46%, benefiting from AI computing demand [8] - ST Biology announced the termination of its major asset restructuring plan to acquire a 51% stake in Hunan Huize Biomedical Technology [9] - Xiaomi Group plans to repurchase up to 2.5 billion Hong Kong dollars of its Class B shares starting January 23 [10] - Alibaba has decided to support its chip subsidiary "Pingtouge" for future independent listing, initiating a restructuring process [11] - Intel reported a fourth-quarter revenue of 13.674 billion dollars, with a net loss of 591 million dollars, while its annual revenue was 52.853 billion dollars [11]

浙江天册律师事务所 关于张小泉股份有限公司 控股股东及实际控制人认定事宜的 法律意见书 浙江杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571 8790 1111 传真：0571 8790 1500 http://www.tclawfirm.com 法律意见书 浙江天册律师事务所 关于张小泉股份有限公司 控股股东及实际控制人认定事宜的 法律意见书 编号：TCYJS2026H0098 致：张小泉股份有限公司 浙江天册律师事务所（以下简称"本所"）接受张小泉股份有限公司（以下简称 "公司"或"张小泉"）的委托，就公司控股股东及实际控制人认定的相关事宜，对公 司提供的文件和资料进行了核查，并出具本法律意见书。 为出具本法律意见书，本所特作如下声明： 1、本所及经办律师依据《中华人民共和国证券法》《律师事务所从事证券法律 业务管理办法 》和《律师事务所证券法律业务执业规则》等规定及本法律意见书出 具日以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信 用原则，进行了充分的核查验证，保证本法律意见所认定的事实真实、准确、完整， 所发表的结论性意见合法、准确，不存在虚假记 ...

张小泉股份有限公司 详式权益变动报告书 张小泉股份有限公司 详式权益变动报告书 上市公司：张小泉股份有限公司 信息披露义务人一：上海兔跃呈祥品牌管理合伙企业（有限合伙） 通讯地址：上海市嘉定区嘉戬公路328号7幢7层J 信息披露义务人二：杭州嵘泉投资合伙企业（有限合伙） 通讯地址：北京市朝阳区东三环北路甲19号楼29层3303室 权益变动性质：股份增加（集中竞价，成为第一大股东） 二〇二六年一月二十二日 - 1 - 上市地点：深圳证券交易所 股票简称：张小泉 股票代码：301055 张小泉股份有限公司 详式权益变动报告书 一、本报告系依据《公司法》《证券法》《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》《公开发行证券的公 司信息披露内容与格式准则第16号—上市公司收购报告书》等相关法律法规编写。 二、依据《证券法》《收购办法》的规定，本报告书已全面披露信息披露义 务人在张小泉股份有限公司中拥有权益的股份情况。截至本报告书签署日，除本 报告书披露的信息外，上述信息披露义务人没有通过任何其他方式在张小泉股份 有限公司中拥有权益。 三、信息披露义务人签署本报告书已获得必要的授 ...

华泰联合证券有限责任公司 关于 张小泉股份有限公司 详式权益变动报告书 之 财务顾问核查意见书 二〇二六年一月 声 明 根据《中华人民共和国公司法》《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》《公开发行证券的公司信息披露内容与格式准则第16号——上市公司收 购报告书》及相关法律、法规的规定，华泰联合证券有限责任公司（以下简称"华 泰联合证券"或"本财务顾问"）作为信息披露义务人本次权益变动的财务顾问， 就其披露《详式权益变动报告书》有关内容出具核查意见。 本财务顾问是按照行业公认的业务标准、道德规范和诚实信用、勤勉尽责的 精神，本着独立、客观、公正的原则，在认真审阅相关资料和充分了解本次权益 变动的基础上，发表财务顾问意见，旨在就本次权益变动做出独立、客观和公正 的评价，以供广大投资者及有关各方参考。并在此特作如下声明： 1、本核查意见所依据的文件、资料由信息披露义务人提供。信息披露义务 人已向本财务顾问保证，其所提供的出具本核查意见所依据的所有文件和材料是 真实、准确、完整、及时的，不存在任何重大遗漏、虚假记载或误导性陈述，并 对 ...

证券代码：301055 证券简称：张小泉 公告编号：2026-003 张小泉股份有限公司 注：1、截至本公告披露日，公司总股本为 156,000,000 股，公司已回购股份数量为 4,572,324 股，剔除本公司回购专用证券账户中的股份数量后总股本为 151,427,676 股，下同。 张小泉股份有限公司（以下简称"公司"或"上市公司"）于近日收到股东上 海兔跃呈祥品牌管理合伙企业（有限合伙）（以下简称"兔跃呈祥"）及其一致行 动人杭州嵘泉投资合伙企业（有限合伙）（以下简称"嵘泉投资"）出具的《关于上 海兔跃呈祥品牌管理合伙企业（有限合伙）及其一致行动人所持上市公司股份权益 变动触及 1%整数倍的告知函》《详式权益变动报告书》及其聘请的财务顾问出具的 《华泰联合证券有限责任公司关于张小泉股份有限公司详式权益变动报告之财务顾 问核查意见书》，获悉兔跃呈祥在 2026 年 1 月 16 日至 2026 年 1 月 20 日期间，通 过集中竞价交易方式增持公司股份 1,500,000 股，增持数量占公司总股本的 0.96%， 占剔除回购股份后公司总股本的 0.99%。本次权益变动后，兔跃呈祥及其一致行动人 嵘泉投 ...

张小泉股份有限公司 证券代码：301055 证券简称：张小泉 公告编号：2026-004 张小泉股份有限公司（以下简称"公司"）于 2026 年 1 月 15 日召开 2026 年第一次临时股东会，审议通过了《关于补选第三届董事会独立董事的议案》， 同意选举潘攀先生担任公司第三届董事会独立董事，任期自公司 2026 年第一次 临时股东会审议通过之日起至第三届董事会届满之日止，具体内容详见公司 2026 年 1 月 15 日在巨潮资讯网披露的《2026 年第一次临时股东会决议公告》。 截至公司 2026 年第一次临时股东会通知发出之时，潘攀先生尚未取得上市公司 独立董事培训证明。潘攀先生书面承诺将积极报名参加深圳证券交易所组织的最 近一次独立董事培训，并承诺取得深圳证券交易所认可的独立董事培训证明。 近日，公司收到潘攀先生的通知，潘攀先生已参加由深圳证券交易所举办的 上市公司独立董事任前培训（线上）并完成全部课程学习，取得了由深圳证券交 易所颁发的《上市公司独立董事培训证明》。 特此公告。 张小泉股份有限公司 董事会 2026 年 1 月 22 日 关于独立董事取得独立董事培训证明的公告 本公司及董事会全体成员 ...

Market Overview - The home goods sector increased by 0.26% on January 22, with PIANO leading the gains [1] - The Shanghai Composite Index closed at 4122.58, up 0.14%, while the Shenzhen Component Index closed at 14327.05, up 0.5% [1] Top Gainers in Home Goods Sector - PIANO (002853) closed at 25.00, up 7.71% with a trading volume of 139,000 shares and a turnover of 340 million yuan [1] - Tianzhen Co. (301356) closed at 24.57, up 6.69% with a trading volume of 63,900 shares and a turnover of 155 million yuan [1] - Haolaike (603898) closed at 15.58, up 6.20% with a trading volume of 123,700 shares and a turnover of 20.6 million yuan [1] - Marco Polo (001386) closed at 24.60, up 4.77% with a trading volume of 218,700 shares and a turnover of 526 million yuan [1] - Meike Home (600337) closed at 3.00, up 4.53% with a trading volume of 974,100 shares and a turnover of 288 million yuan [1] Top Losers in Home Goods Sector - Dream Home (603216) closed at 51.84, down 10.00% with a trading volume of 54,800 shares and a turnover of 290 million yuan [2] - Gongchuang Lawn (605099) closed at 42.05, down 7.93% with a trading volume of 62,600 shares and a turnover of 267 million yuan [2] - Taili Technology (301595) closed at 55.39, down 3.67% with a trading volume of 45,900 shares and a turnover of 259 million yuan [2] Capital Flow Analysis - The home goods sector experienced a net outflow of 104 million yuan from institutional investors, while retail investors saw a net inflow of 159 million yuan [2] - The detailed capital flow for selected stocks shows varying trends, with Marco Polo (001386) having a net inflow of 91.27 million yuan from institutional investors [3] - Other notable stocks include Euro-Pai Home (603833) with a net inflow of 32.27 million yuan from institutional investors, while Haars (002615) had a net inflow of 31.02 million yuan [3]