Market Overview - The jewelry sector saw a slight increase of 0.05% on August 26, with Xinhua Jin leading the gains [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] Individual Stock Performance - Xinhua Jin (600735) closed at 8.63, up 3.11% with a trading volume of 244,400 shares and a turnover of 209 million yuan [1] - Other notable performers include: - Ruibeka (600439) at 3.20, up 0.95% [1] - Cai Zhi Co. (665509) at 15.66, up 0.90% [1] - Diya Co. (301177) at 30.51, up 0.69% [1] - China Gold (600916) at 8.26, up 0.49% [1] Fund Flow Analysis - The jewelry sector experienced a net outflow of 115 million yuan from institutional investors, while retail investors saw a net inflow of 146 million yuan [2] - The detailed fund flow for key stocks includes: - China Gold (600916) with a net inflow of 25.31 million yuan from institutional investors [3] - Xinhua Jin (600735) with a net inflow of 10.85 million yuan [3] - Chao Hongxing (002345) with a net inflow of 10.52 million yuan [3] - Notable outflows were observed in: - Mingpai Jewelry (002574) with a net outflow of 5.22 million yuan from institutional investors [3] - Zhou Dazheng (002867) with a net outflow of 7.99 million yuan [3]

Group 1 - The 2025 China Fragrance, Flavor, and Cosmetics Industry Conference and Expo (2025CAME) will be held from September 25 to 27, 2025, in Nanjing, Jiangsu, focusing on the theme of "Technology, Brand, Co-prosperity" to promote a shift from traffic competition to value competition driven by technology and brand [1][2] - The event aims to create a high-quality, high-standard, and high-precision platform that responds to national policies on expanding domestic demand and promoting consumption, gathering leading companies, experts, and industry elites for deep integration of production, learning, research, and sales [1][2] - 2025CAME will establish a comprehensive ecosystem covering "information exchange, business matching, benchmark establishment, and consumer guidance," featuring numerous industry exchange meetings on key topics such as policy interpretation, global regulatory trends, and ESG green development [1][2] Group 2 - The expo has attracted over a hundred high-quality domestic and international companies and leading brands, covering the entire industry chain from raw materials to brands and distribution, facilitating technology transfer and commercial cooperation [2] - Nanjing will issue "beauty consumption vouchers" to enhance consumer experience, collaborating with well-known brands like Estée Lauder and Winona to launch cost-effective products, along with immersive activities such as fragrance experience zones and fashion shows [2] - The event will introduce the "Play Beautiful Cosmetics Festival," integrating various consumer scenarios to activate the beauty economy, emphasizing the values of "co-creating the future, sharing resources, and promoting consumption" to drive high-quality development in the Chinese fragrance and cosmetics industry [2]

证券代码：301177 证券简称：迪阿股份 公告编号：2025-047 迪阿股份有限公司 关于使用部分自有资金进行现金管理的进展公告 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。 迪阿股份有限公司（以下简称"公司"）于 2024 年 12 月 26 日在公司会议 室召开第二届董事会第十二次会议和第二届监事会第十二次会议，于 2025 年 1 月 14 日召开了 2025 年第一次临时股东会，审议通过了《关于使用部分闲置募集 资金及自有资金进行现金管理的议案》，同意公司使用不超过人民币 165,000.00 万元的闲置募集资金（含超募资金）和不超过 550,000.00 万元的自有资金进行 现金管理，期限为自股东会审议通过该事项之日起 12 个月内，在上述额度和期 限内，资金可循环滚动使用。具体内容详见公司于 2024 年 12 月 28 日在巨潮资 讯网（www.cninfo.com.cn）披露的《关于使用部分闲置募集资金及自有资金进 行现金管理的公告》（公告编号：2024-061）。 根据上述决议，公司及子公司近期已使用部分自有资金进行现金管理，具体 情况 ...

Market Overview - The jewelry sector increased by 0.91% on August 25, with Feiya leading the gains [1] - The Shanghai Composite Index closed at 3883.56, up 1.51%, while the Shenzhen Component Index closed at 12441.07, up 2.26% [1] Individual Stock Performance - Feiya (000026) closed at 19.46, up 3.40% with a trading volume of 292,200 shares and a transaction value of 559 million [1] - Laisen Tongling (603900) closed at 10.93, up 2.92% with a trading volume of 261,500 shares [1] - Xinghua Jewelry (002731) closed at 13.66, up 1.79% with a trading volume of 128,800 shares [1] - Mankalon (300945) closed at 19.34, up 1.58% with a trading volume of 125,500 shares [1] - Other notable performers include Laofengxiang (600612) at 48.44, up 1.32%, and China Gold (600916) at 8.22, up 0.61% [1][2] Capital Flow Analysis - The jewelry sector experienced a net outflow of 7.74 million from institutional investors and 44.17 million from speculative investors, while retail investors saw a net inflow of 51.91 million [2] - China Gold (600916) had a net inflow of 21.90 million from institutional investors, but a net outflow of 12.32 million from speculative investors [3] - Laofengxiang (600612) saw a net inflow of 16.93 million from institutional investors, with a net outflow of 9.66 million from speculative investors [3]

Market Overview - The jewelry sector increased by 1.09% on August 21, with Jin Yi Culture leading the gains [1] - The Shanghai Composite Index closed at 3771.1, up 0.13%, while the Shenzhen Component Index closed at 11919.76, down 0.06% [1] Individual Stock Performance - Jin Yi Culture (002721) closed at 4.19, up 6.35% with a trading volume of 3.27 million shares and a turnover of 1.377 billion [1] - Chao Hong Ji (002345) closed at 15.97, up 2.44% with a trading volume of 290,000 shares and a turnover of 461 million [1] - Zhou Dazheng (002867) closed at 13.24, up 1.15% with a trading volume of 128,100 shares [1] - Cai Zi Co. (665599) closed at 15.42, up 1.05% with a trading volume of 61,900 shares [1] - Di A Co. (301177) closed at 30.05, up 0.40% with a trading volume of 16,200 shares [1] - Other notable performances include Xin Hua Jin (600735) at 8.21, up 0.37%, and Lao Feng Xiang (600612) at 47.82, up 0.31% [1] Fund Flow Analysis - The jewelry sector experienced a net outflow of 64.21 million from institutional investors and 26.09 million from retail investors, while individual investors saw a net inflow of 90.30 million [2][3] - Jin Yi Culture had a net outflow of 45.76 million from institutional investors, while retail investors contributed a net inflow of 36.87 million [3] - Chao Hong Ji saw a net inflow of 24.50 million from institutional investors and a net outflow of 62.13 million from retail investors [3] - Zhou Dazheng had a net inflow of 6.16 million from institutional investors and a net inflow of 11.70 million from retail investors [3]

1、会议召开时间：2025 年 8 月 29 日（星期五）下午 15:00-16:00 证券代码：301177 证券简称：迪阿股份 公告编号：2025-046 迪阿股份有限公司 关于召开 2025 年半年度网上业绩说明会的公告 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。 迪阿股份有限公司（以下简称"公司"）拟于 2025 年 8 月 29 日在巨潮资讯 网（www.cninfo.com.cn）披露《2025 年半年度报告》及其摘要，为便于广大投 资者了解公司 2025 年上半年经营情况和未来发展规划，公司将于 2025 年 8 月 29 日（星期五）下午 15:00-16:00 举办 2025 年半年度网上业绩说明会，就投资 者关心的问题进行交流。现将具体情况公告如下： 一、业绩说明会召开的时间、方式 美国：（+1）2087016888 2、会议召开方式：网络和电话会议 3、本次业绩说明会在进门财经平台以网络和电话会议方式举行，投资者可 通过以下方式提前报名申请参会。 （1）网络参会： 电脑端：点击参会链接 https://s.comein.cn/5zfy ...

Market Overview - The jewelry sector increased by 1.43% on August 20, with Chao Hong Ji leading the gains [1] - The Shanghai Composite Index closed at 3766.21, up 1.04%, while the Shenzhen Component Index closed at 11926.74, up 0.89% [1] Individual Stock Performance - Chao Hong Ji (002345) closed at 15.59, up 4.21% with a trading volume of 290,900 shares and a turnover of 446 million yuan [1] - Shen Zhonghua A (000017) closed at 6.84, up 4.11% with a trading volume of 455,800 shares and a turnover of 313 million yuan [1] - Lai Xi Tong Ling (603900) closed at 10.68, up 2.79% with a trading volume of 274,500 shares and a turnover of 289 million yuan [1] - Man Ka Long (300945) closed at 19.17, up 2.29% with a trading volume of 194,000 shares and a turnover of 370 million yuan [1] - Ming Pai Jewelry (002574) closed at 5.90, up 2.08% with a trading volume of 210,800 shares and a turnover of 123 million yuan [1] - Di A Shares (301177) closed at 29.93, up 1.91% with a trading volume of 21,800 shares and a turnover of 64.5 million yuan [1] - Cai Zi Shares (605599) closed at 15.26, up 1.46% with a trading volume of 51,000 shares and a turnover of 77.2 million yuan [1] - Xing Hua Jewelry (002731) closed at 13.57, up 1.34% with a trading volume of 100,200 shares and a turnover of 135 million yuan [1] - Zhou Da Sheng (002867) closed at 13.09, up 1.16% with a trading volume of 76,500 shares and a turnover of 99.5 million yuan [1] - Lao Feng Xiang (600612) closed at 47.67, up 0.82% with a trading volume of 18,000 shares and a turnover of 85.6 million yuan [1] Capital Flow Analysis - The jewelry sector saw a net inflow of 87.08 million yuan from institutional investors, while retail investors experienced a net outflow of 138 million yuan [2] - The overall capital flow indicates a strong interest from institutional investors despite the outflow from retail investors [2]

Market Overview - On August 18, the jewelry sector rose by 0.11% compared to the previous trading day, with Xinhua Jin leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up by 0.85%, while the Shenzhen Component Index closed at 11835.57, up by 1.73% [1] Individual Stock Performance - Xinhua Jin (600735) closed at 8.44, with a gain of 2.93% and a trading volume of 194,700 shares, amounting to a transaction value of 164 million yuan [1] - Ruibeka (600439) closed at 3.14, up by 1.95%, with a trading volume of 362,900 shares and a transaction value of 114 million yuan [1] - Diya Co. (301177) closed at 29.33, gaining 1.56% with a trading volume of 17,400 shares and a transaction value of 51 million yuan [1] - Other notable performances include: - Mingpai Jewelry (002574) at 5.78, up by 1.05% [1] - Chaohongji (002345) at 15.36, up by 0.66% [1] - Mankalon (300945) at 18.72, up by 0.38% [1] - China Gold (600916) at 8.16, up by 0.25% [1] - Laofengxiang (600612) at 47.37, up by 0.06% [1] - Zhou Dazheng (002867) at 13.02, down by 0.15% [1] Capital Flow Analysis - The jewelry sector experienced a net outflow of 191 million yuan from institutional investors, while retail investors saw a net inflow of 166 million yuan [2] - Notable capital flows for individual stocks include: - Chaohongji (002345) had a net inflow of 9.94 million yuan from institutional investors [3] - Xinhua Jin (600735) saw a net outflow of 6.83 million yuan from institutional investors [3] - Laofengxiang (600612) had a slight net inflow of 0.24 million yuan from retail investors [3] - Zhou Dazheng (002867) experienced a net outflow of 1.02 million yuan from institutional investors but a net inflow of 3.67 million yuan from retail investors [3]

Market Overview - The jewelry sector experienced a decline of 0.5% on August 13, with Mankalon leading the drop [1] - The Shanghai Composite Index closed at 3683.46, up 0.48%, while the Shenzhen Component Index closed at 11551.36, up 1.76% [1] Individual Stock Performance - Feiyada (000026) closed at 21.73, up 1.35% with a trading volume of 685,200 shares and a transaction value of 1.488 billion [1] - Chaohongji (002345) closed at 15.92, up 0.82% with a trading volume of 223,100 shares and a transaction value of 351 million [1] - Laofengxiang (600612) closed at 47.75, up 0.04% with a trading volume of 11,600 shares and a transaction value of 55.34 million [1] - Mankalon (300945) closed at 19.00, down 2.96% with a trading volume of 216,200 shares and a transaction value of 407 million [2] - The overall trading volume and transaction values for various stocks in the jewelry sector indicate mixed performance, with some stocks showing gains while others declined [1][2] Capital Flow Analysis - The jewelry sector saw a net outflow of 391 million from institutional investors, while retail investors contributed a net inflow of 370 million [2][3] - The data indicates that institutional investors are pulling back, while retail investors are increasing their positions in the sector [2][3] Stock-Specific Capital Flow - Laofengxiang (600612) had a net inflow of 8.49 million from institutional investors, but a net outflow from retail investors [3] - Mankalon (300945) experienced a significant net outflow of 31.19 million from institutional investors [3] - The capital flow data suggests varying levels of investor confidence across different stocks within the jewelry sector [3]

Core Viewpoint - The jewelry market is experiencing a shift with rising gold prices and declining diamond prices, leading to a significant impact on industry dynamics and company performance [1][5]. Group 1: Gold Market Performance - Gold prices have increased by nearly 30% over the past year, attracting a high volume of consumers in gold jewelry stores, particularly in Shenzhen [2]. - Companies primarily engaged in gold business have reported growth in revenue and net profit, with over 70% of these companies seeing net profit growth exceeding 20% [6]. Group 2: Diamond Market Challenges - The diamond market is facing a downturn, with retail prices for diamonds dropping approximately 10% over the past year, leading to a significant decline in consumer interest [2][4]. - Companies focused on diamond sales, such as Di'A and *ST Aidi, have reported substantial revenue declines, with Di'A's revenue dropping by 40.45% and net profit down by 90.77% in the first half of 2023 [6][7]. - The introduction of lab-grown diamonds has further pressured the natural diamond market, with lab-grown diamonds capturing nearly 50% of the market share as of July 2023 [4]. Group 3: Consumer Behavior and Preferences - Young consumers are increasingly favoring gold over diamonds due to perceptions of gold as a more stable investment and easier to liquidate [2][3]. - The disparity in consumer interest is evident, with gold jewelry stores experiencing high foot traffic while diamond stores see significantly fewer customers [2]. Group 4: Industry Outlook - The overall industry is witnessing a "gold up, diamond down" trend, affecting the performance of related companies [5]. - Despite the challenges, some companies remain optimistic about the lab-grown diamond market, indicating a potential for growth in this segment [7].