Group 1: Company Highlights - Mindray Medical has launched the world's first clinically implemented critical care large model, named Qiyuan Critical Care Model [1] - Mindray has established a subsidiary focused on animal healthcare [1] - In the field of medical imaging, Mindray's "Ruiying Cloud++" has partnered with DeepSeek to officially release the "Ruiying·AI+" solution [1] Group 2: Diya Co. Performance - In the first half of 2025, Diya Co. achieved a revenue of 786 million yuan, a year-on-year increase of 0.97%, and a net profit of 76 million yuan, up 131.61% [1] - The number of upgraded Hongjin theme stores has reached 76, with average sales growth of approximately 36% post-renovation [1] - Sales growth in first and second-tier cities exceeded 40%, while same-store sales growth in third to fifth-tier cities approached 20% [1] - Diya Co. has launched its first equity incentive plan, set to be implemented annually over four years [1] - Internationally, the Paris store will also serve R&D and design functions, while the U.S. market focuses on New York, Los Angeles, and San Francisco, with plans to open 1-2 new stores in the second half of the year [1]

Group 1 - Tongyuan Investment recently conducted research on two listed companies, Mindray Medical and Dia Shares [1] - Mindray Medical launched the world's first clinically implemented critical care large model, "Qiyuan Critical Care Model," and established an animal medical subsidiary [1] - In the field of medical imaging, Mindray's "Ruiying Cloud++" has partnered with DeepSeek to officially release the "Ruiying·AI+" solution [1] Group 2 - Dia Shares reported a revenue of 786 million yuan for the first half of 2025, a year-on-year increase of 0.97%, and a net profit of 76 million yuan, a year-on-year increase of 131.61% [1] - The number of upgraded Hongjin theme stores increased to 76, with average sales growth of approximately 36% post-renovation [1] - Sales in first and second-tier cities grew over 40% year-on-year, while same-store sales in third to fifth-tier cities increased nearly 20% [1] - Dia Shares launched its first equity incentive plan, set to be implemented annually over four years [1] - The company plans to open 1-2 new stores in the US market, focusing on New York, Los Angeles, and San Francisco [1]

Market Overview - The Shanghai Composite Index closed at 3860.66 points, above the five-day moving average, with a gain of 0.44% [1] - The total trading volume of A-shares reached 23193.54 billion yuan [1] Stocks Performance - A total of 581 A-shares have surpassed the five-day moving average today [1] - Notable stocks with significant deviation rates include: - Hangke Technology (乖离率 15.30%) - Dia Shares (乖离率 13.58%) - Prusis (乖离率 12.30%) [1] Top Stocks by Deviation Rate - The following stocks showed the highest deviation rates from the five-day moving average: - Hangke Technology: Today's gain of 20.00%, turnover rate of 3.88%, five-day moving average at 22.32 yuan, latest price at 25.74 yuan [1] - Dia Shares: Today's gain of 19.99%, turnover rate of 1.35%, five-day moving average at 30.92 yuan, latest price at 35.12 yuan [1] - Prusis: Today's gain of 20.01%, turnover rate of 8.53%, five-day moving average at 38.77 yuan, latest price at 43.54 yuan [1] Additional Notable Stocks - Other stocks with notable performance include: - Xinan Century: Today's gain of 15.92%, turnover rate of 12.55%, five-day moving average at 13.29 yuan, latest price at 14.78 yuan [1] - Better Battery: Today's gain of 14.54%, turnover rate of 2.96%, five-day moving average at 23.77 yuan, latest price at 26.31 yuan [1] - Fosa Technology: Today's gain of 13.78%, turnover rate of 9.58%, five-day moving average at 75.56 yuan, latest price at 83.50 yuan [1]

Financial Performance - In the first half of 2025, the company achieved a revenue of 786 million CNY, a year-on-year increase of 0.97% [3] - Net profit attributable to shareholders reached 76 million CNY, a significant growth of 131.61% compared to the previous year [3] - Average revenue per store was 1.7871 million CNY, reflecting a year-on-year increase of 26.89% [3] - Online self-operated business generated 146 million CNY in revenue, up 61.68% year-on-year [3] Store Optimization and Efficiency - The company operated 338 stores at the end of the reporting period, a net decrease of 113 stores compared to the previous year [3] - Cost reductions in rent, decoration, and labor amounted to approximately 85.23 million CNY, enhancing overall operational efficiency [3] - The average sales of upgraded prototype stores increased by about 36%, outperforming the national average growth rate of 26% [3] Strategic Initiatives - The company completed the upgrade of 76 red gold theme stores in the first half of 2025, which is part of its channel optimization strategy [3] - In first-tier cities, single-store sales increased by over 40% due to ongoing store optimization strategies [4] - In lower-tier cities, same-store sales growth averaged close to 20%, indicating significant potential for improvement [4] International Expansion - The company has initiated international brand promotion activities in the US and Southeast Asia, enhancing brand recognition among young consumers [5] - The Paris store serves as a sales point and a design center, improving brand culture output and increasing foot traffic [5] - The company is evaluating key cities in the US for potential new store openings, with 1-2 new stores expected in the second half of the year [5] Employee Incentives - A new long-term equity incentive plan has been introduced to motivate core talents, with the first phase being cautious in scale due to ongoing recovery in profit levels [4]

Market Overview - The jewelry sector increased by 1.86% on August 29, with Diya Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Individual Stock Performance - Diya Co., Ltd. (301177) closed at 35.12, with a significant increase of 19.99% and a trading volume of 55,100 shares, amounting to a transaction value of 185 million yuan [1] - Other notable performers included: - Chao Hong Ji (002345) at 14.76, up 3.58% with a trading volume of 333,700 shares [1] - Laikuntongling (603900) at 10.92, up 2.44% with a trading volume of 286,400 shares [1] - Mankalon (300945) at 18.72, up 2.13% with a trading volume of 181,100 shares [1] Fund Flow Analysis - The jewelry sector experienced a net outflow of 28.38 million yuan from institutional funds, while retail investors contributed a net inflow of 38.18 million yuan [2][3] - Diya Co., Ltd. saw a net inflow of 52.40 million yuan from institutional investors, but a net outflow of 28.57 million yuan from speculative funds [3] - Other companies like Mankalon and Chao Hong Ji also faced net outflows from speculative funds, indicating a mixed sentiment among different investor types [3]

Core Insights - The company, Diya Co., has successfully reversed a three-year decline in revenue and net profit by focusing on its core value of "true love" and expanding its overseas market presence [1][2] - The company aims to become a global leader in true love culture by providing high-quality jewelry products and unique cultural experiences [1] Financial Performance - In the first half of 2025, the company achieved revenue of 786 million yuan, a year-on-year increase of 0.97%, and a net profit of 76 million yuan, up 131.61%, marking the highest growth rate in nearly four years [2] - The increase in performance is attributed to channel optimization and refined store operations, with single-store revenue reaching 1.79 million yuan, a growth of 26.89% [2] Online Business Growth - The company's online self-operated business revenue reached 146 million yuan, a year-on-year increase of nearly 62%, accounting for 18.57% of total revenue [4] - The self-built sales platform (company website) generated 47.38 million yuan, up 259.53%, while third-party platforms (Tmall, JD.com) achieved 98.59 million yuan, a growth of 27.86% [4][6] Profitability Metrics - The overall gross profit margin for the first half of 2025 was 65.19%, maintaining the top position in the jewelry industry [7] - The gross profit margin for the engagement ring series was 69.63%, while the wedding ring series saw an increase of 4.48 percentage points to 61.14% [7] Cost Management - The company has optimized its operations, resulting in a decrease in total expenses to 466 million yuan, the lowest level in three years, with a total expense ratio of 59.3% [9][12] - Sales expenses decreased to 366 million yuan, with a reduction of over 15% year-on-year, and the sales expense ratio dropped nearly 10 percentage points to 46.62% [11][12] Innovation and R&D - The company has invested over 81 million yuan in R&D from 2021 to the first half of 2025, focusing on brand identity and product innovation [13][14] - In the reporting period, the company obtained multiple design patents and launched 180 new products, including award-winning designs recognized in international competitions [14]

Core Insights - Diya Co., Ltd. reported a revenue of 786 million yuan for the first half of 2025, a year-on-year increase of 0.97% [1] - The net profit attributable to shareholders reached 76.01 million yuan, reflecting a significant year-on-year growth of 131.61% [1] - In Q2 2025, the company achieved a revenue of 378 million yuan, up 7.47% year-on-year, and a net profit of 55.28 million yuan, which is a remarkable increase of 1547.93% year-on-year and 166.77% quarter-on-quarter [1] Revenue Growth and Online Performance - The company's official website saw a user registration increase, leading to online revenue of 47.38 million yuan in the first half of the year, a substantial growth of 259.53%, accounting for 32.46% of total online revenue [1] - The single-store revenue reached 1.79 million yuan, marking a year-on-year increase of 26.89% [1] - Directly operated stores experienced a revenue growth of 26.81% year-on-year, with a same-store sales efficiency increase of 38.65% [1] Channel Strategy and Market Focus - Diya Co., Ltd. is focusing on high-potential scenarios and deepening its presence in core cities, particularly in first and second-tier cities, by entering high-end commercial complexes such as SKP, IFS, and MixC [2] - The company is strategically selecting and nurturing potential cities below the third tier for concentrated development [2]

Market Overview - As of the latest closing, the Shanghai Composite Index stands at 3849.76 points, above the five-day moving average, with a slight increase of 0.16% [1] - The total trading volume of A-shares reached 1,875.177 billion yuan [1] Stocks Performance - A total of 533 A-shares have surpassed the five-day moving average, with notable stocks showing significant deviation rates [1] - The stocks with the highest deviation rates include: - Hangke Technology (乖离率 15.30%) with a price increase of 20.00% [2] - Dia Shares (乖离率 13.58%) with a price increase of 19.99% [2] - Better Ray (乖离率 12.53%) with a price increase of 17.02% [2] - Other stocks with smaller deviation rates include: - Weibo Hydraulic, Nossger, and Huayuan Shares, which have just crossed the five-day moving average [1] ETF and Fund Insights - The Hang Seng Medical ETF, tracking the Hang Seng Hong Kong-listed Biotechnology Index, has seen a decline of 2.16% over the past five days, with a net outflow of 67.45 million yuan [5]

证券代码：301177 证券简称：迪阿股份 迪阿股份有限公司 关于 2025 年半年度募集资金存放与使用情况专项报告 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。 一、资金募集基本情况 （一）实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于同意迪阿股份有限公司首次公开发行股票 注册的批复》（证监许可[2021]3043号）同意注册，并经深圳证券交易所同意， 公司首次公开发行人民币普通股（A股）40,010,000股，每股面值1.00元，发行价 格为人民币116.88元/股，募集资金总额为人民币4,676,368,800.00元，本次发行的 保荐及承销费（不含增值税）合计为人民币217,341,630.19元，承销商中信建投 证券股份有限公司于2021年12月10日已将扣除本次发行的承销费（不含增值税） 人民币215,643,516.98元后的资金总额计人民币4,460,725,283.02元汇入公司开立 的募集资金专户。 公司本次公开发行募集资金总额为人民币4,676,368,800.00元，扣减保荐及承 销费（不含增值税）人民币217,341 ...

| 非经营性 | 资金 | 占用方与 | 上市公司 | 2025 年 | | 2025 年半年度 | | 2025 年半年度 | | 2025 | 年半年度 | 2025 年半年 | | 占用形成 | 占用 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 资金占用 | 占用方 名称 | 上市公司的 关联关系 | 核算的 会计科目 | 期初占用资 金余额 | | 占用累计发生金 额（不含利息） | | 占用资金的 利息（如有） | | 偿还累计发生 金额 | | 度期末占用 资金余额 | | 原因 | 性质 | | 控股股东、实 际控制人及其 | 不适用 | 不适用 | 不适用 | | - | | - | | - | | - | | - | 不适用 | 不适用 | | 附属企业 | | | | | | | | | | | | | | | | | 小计 | | | | | - | | - | | - | | - | | - | | | | 前控股股东、 实际控 ...