广东潮宏基实业股份有限公司 2025 年半年度财务报告 广东潮宏基实业股份有限公司 2025 年半年度财务报告 2025 年 8 月 22 日 一、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：广东潮宏基实业股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 470,511,591.83 | 378,894,679.73 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 220,220,080.78 | 100,565,159.17 | | 衍生金融资产 | | | | 应收票据 | | | | 应收账款 | 369,574,462.89 | 363,712,300.69 | | 应收款项融资 | | | | 预付款项 | 12,167,201.55 | 13,813,029.29 | | 应收保费 | | | | 应收分保账款 | | | | 应收分保合同准备金 | | | | 其他应收款 | 33,492,565.89 ...

证券代码：002345 证券简称：潮宏基 公告编号：2025-044 广东潮宏基实业股份有限公司 第七届董事会第五次会议决议公告 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。 广东潮宏基实业股份有限公司（以下简称"公司"）第七届董事会第五次会 议于 2025 年 8 月 21 日在公司会议室以现场方式召开。本次会议的通知及会议资 料已于 2025 年 8 月 18 日以专人送达、电子邮件及传真形式通知了全体董事和高 级管理人员。出席本次董事会会议的应到董事为 9 人，实到董事 9 人，其中独立 董事 3 名。公司高级管理人员列席了会议。本次会议的通知、召开以及参会董事 人数均符合相关法律、法规、规则及《公司章程》的有关规定。与会董事经认真 审议和表决，形成决议如下： 一、以 9 票同意、0 票反对、0 票弃权，审议通过了《2025 年半年度报告》 及其摘要。 本议案已经公司第七届董事会审计委员会审议通过。 公司《2025 年半年度报告》详见公司指定信息披露网站巨潮资讯网 （http://www.cninfo.com.cn）。《2025 年半年度报告摘要》（公 ...

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]

Core Insights - The 15th Jewelry Festival organized by Suning is launched nationwide, featuring a month-long event with significant subsidies and cross-industry collaborations to enhance consumer experience [1] Group 1: Event Overview - The Jewelry Festival commenced with a preheating phase in early August, coinciding with key shopping dates like 818 and the Qixi Festival, aiming to create a unique jewelry shopping experience for consumers [1] - The event includes the "Platinum Museum 2.0," which showcases the latest practices in collaboration with the International Platinum Group, emphasizing the theme of "Platinum in Focus, Resilient Love Coexist" [2] Group 2: Exhibition Highlights - The Platinum Museum features innovative designs and craftsmanship, including new series such as the Platinum Ice Silk Craft and the Platinum French Lily series, showcasing the unique charm and resilience of platinum jewelry [10] - The exhibition also includes participation from major jewelry brands like Chow Tai Fook and Lao Miao Gold, providing a diverse selection for consumers [10] Group 3: Consumer Engagement - During the Qixi Festival, the Platinum Museum incorporates interactive elements like a poetry display area to enhance emotional engagement and create a romantic atmosphere for visitors [7] - Suning collaborates with Luk Fook to create a "New Jewelry World" exhibition area, focusing on personalized and tech-savvy consumer demands, along with hosting fashion salons and master craftsperson interactions [12] Group 4: Marketing Strategies - The festival employs a multi-faceted marketing approach, including product updates, consumer discounts, and exclusive member services, aiming to establish a strong consumer mindset towards purchasing jewelry at Suning [19] - Creative marketing initiatives, such as a nationwide cord-making competition, engage consumers and showcase traditional cultural elements while enhancing brand visibility [22] Group 5: Future Directions - Suning plans to continue adapting to consumer trends, deepen industry collaborations, and enhance service quality to create innovative shopping experiences and explore new possibilities in the jewelry market [27]

8月21日国内黄金市场动态：国内品牌金店金价重新上涨，整体价格还比之前更高了。今日最高价金店为周生生黄金，上涨 8元/克，报1007元/克。上海中国黄金微跌1元/克，报价980元/克，为最低价金店。今日的金店高低价差扩大至28元/克。 具体各大品牌金店最新价格见下表格： | | | 今日金店黄金价格一览(2025年8月21日) | | | | --- | --- | --- | --- | --- | | 金店报价 | 今日金价 | 单位 | 变动幅度 | 涨跌 | | 老庙黄金价格 | 1002 | 元/克 | 5 | 涨 | | 六福黄金价格 | 1006 | 元/克 | 4 | 涨 | | 周大福黄金价格 | 1006 | 元/克 | 4 | 涨 | | 周六福黄金价格 | 985 | 元/克 | 6 | 涨 | | 金至尊黄金价格 | 1006 | 元/克 | 4 | 涨 | | 老凤祥黄金价格 | 1005 | 元/克 | 5 | 脱 | | 潮宏基黄金价格 | 1006 | 元/克 | 4 | 涨 | | 周生生黄金价格 | 1007 | 元/克 | 8 | 涨 | | 菜百黄金价格 | 978 ...

Group 1 - Market risk aversion has increased, leading to a rebound in gold prices, with the Gold ETF (159937) rising by 0.46% [1][3] - The Gold ETF (159937) has seen a year-to-date increase of 24.81% [1] - The trading volume for the Gold ETF was 94.44 million, with a turnover rate of 0.33% [1][2] Group 2 - The current spot gold price is $3,344.24 per ounce, with a slight decline of 0.12% [2] - The COMEX gold futures price is $3,387 per ounce, down by 0.04% [2] - The Federal Reserve's July meeting minutes indicate a majority view to maintain the benchmark interest rate, with concerns about inflation and employment risks [5] Group 3 - The upcoming Jackson Hole meeting is expected to be a critical point for potential policy signals from the Federal Reserve, which could impact gold prices significantly [6] - If Fed Chair Powell hints at rate cuts or expanded easing, gold may break previous highs; conversely, cautious language could lead to price declines [6] - The Gold ETF and related funds offer low-cost, diversified investment options, with a long-term value in hedging against economic downturns [7]

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]

Group 1: Domestic Gold Market Dynamics - Domestic gold prices have seen a decline, with some brands dropping below 1000 yuan per gram, while others maintain prices around 1002 yuan per gram, which is currently the highest price among gold stores [1] - The price range between the highest and lowest gold prices in stores has narrowed to 21 yuan per gram, indicating a more stable pricing environment [1] - Specific gold prices from various brands on August 20, 2025, include: Lao Miao at 997 yuan (down 5), Liu Fu at 1002 yuan (no change), and Shanghai China Gold at 981 yuan (lowest price) [1] Group 2: Platinum and Recycling Prices - Platinum prices have also decreased, with a notable drop of 8 yuan per gram for Chow Sang Sang's platinum jewelry, now priced at 533 yuan per gram [1] - The gold recycling price has slightly decreased by 3.6 yuan per gram, with significant differences in recycling prices among brands, such as 758.70 yuan for general gold and 771.50 yuan for Lao Feng Xiang [2] Group 3: International Gold Price Trends - The spot gold price experienced a significant drop of 30 USD, closing at 3315.03 USD per ounce, reflecting a decline of 0.52% [4] - As of the latest update, spot gold is showing a slight upward trend, currently at 3320.45 USD per ounce, with a gain of 0.16% [4] - The decline in gold prices is attributed to a stronger US dollar and easing geopolitical tensions, alongside profit-taking by investors after a price surge [4] Group 4: Market Sentiment and Federal Reserve Expectations - Investor sentiment is cautious ahead of the Federal Reserve's upcoming monetary policy meeting, with an 84.9% probability of a 25 basis point rate cut in September [4] - The market is awaiting further data to clarify the direction of gold prices, with expectations of continued volatility in both domestic and international gold markets [4]

Group 1 - The Federal Reserve's Vice Chair, Michelle Bowman, supports three interest rate cuts this year and calls for starting cuts in the September meeting [2] - Market expectations indicate a likelihood of the Fed starting a rate cut cycle in 2025, with a focus on timing and magnitude [2] - Recent dovish signals from multiple Fed officials have bolstered market expectations for rate cuts, providing support for gold prices [2] Group 2 - Generally, Fed rate cuts reduce the yield on dollar-denominated assets, diminishing the dollar's attractiveness and driving funds into the gold market, which can lead to an increase in gold prices [4] - The total U.S. national debt has surpassed $37 trillion, approximately 1.27 times the projected nominal GDP for 2024, indicating a dangerous level of debt and potential fiscal imbalance [4] - The unexpected cooling of the recent non-farm payroll data and rising inflation have weakened rate cut expectations, putting pressure on gold prices, while the return of "stagflation" narratives opens up mid-term upside potential [4] Group 3 - The current geopolitical situation remains uncertain, with the potential for both upward and downward pressure on gold prices depending on developments in global tensions [4] - The gold ETF fund (159937) and its associated funds offer low-cost, diversified trading options, allowing investors to participate in gold investments with a low entry barrier [5] - Long-term, gold's value is expected to rise in line with the growth of credit money supply and its role in hedging against tail risks in asset portfolios [5]

Core Viewpoint - Sanrio, as a cultural icon and business giant, continues to leverage its diverse IP characters to deliver joy and friendship globally, with Hello Kitty, Melody, and Kuromi being prominent figures influencing fashion and lifestyle across generations [1] Group 1: Event Highlights - Sanrio's 50th anniversary of Melody and 20th anniversary of Kuromi were celebrated with a "Sanrio Tmall Super Brand Day" event featuring over 50 brands and more than 2,000 products [1] - The offline pop-up event in Shanghai attracted over 300,000 visitors, becoming a popular weekend destination [2] - The event included a large pink "pain" street installation, featuring iconic characters and interactive experiences for attendees [9][11][16] Group 2: Marketing and Engagement Strategies - The event utilized social media and celebrity endorsements, with Lin Yun and Kuromi participating in a TV commercial that resonated with the younger audience [4] - An interactive game on the Taobao app engaged over 130,000 users, enhancing consumer participation and driving sales [6] - The collaboration with Tmall and various brands generated 2 billion exposure resources, significantly amplifying the event's reach [8] Group 3: Brand Experience and Consumer Connection - Sanrio's approach focuses on creating immersive IP experiences and deep brand engagement through quarterly themed events [26] - The recent "Sanrio Hi-Fun Festival" attracted over 20,000 participants, showcasing a variety of IP characters and interactive activities [27] - The brand's strategy effectively connects emotional resonance with commercial value, fostering a complete ecosystem of content experience and IP consumption [29]