潮宏基在公告中表示，公司业绩增长主要得益于产品力与品牌力的提升以及团队精细化运营的成效。 2025年公司围绕"聚焦主品牌、延展1+N、全渠道营销、国际化"的核心战略，持续优化产品与服务，通 过精细化运营和数字化赋能提升品牌竞争力。同时，公司积极推进线上线下（300959）全渠道融合，加 快国际化布局，提升单店经营效益。截至2025年底，潮宏基珠宝门店总数达1668家，年内净增163家。 中证报中证网讯(王珞)1月12日晚间，潮宏基（002345）发布2025年度业绩预告称，预计2025年实现归 属于上市公司股东的净利润为4.36亿元至5.33亿元，较上年同期的1.94亿元增长125%至175%；扣除非经 常性损益后的净利润为4.21亿元至5.15亿元，同比增长125%至175%；基本每股收益预计为0.49元至0.60 元，上年同期为0.22元。 ...

广东潮宏基实业股份有限公司 关于控股股东股份 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002345 证券简称：潮宏基 公告编号：2026-002 质押和解除质押的公告 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"）近日接到公司控股股东汕头市潮鸿基投资有限公司 （以下简称"潮鸿基投资"）函告，获悉潮鸿基投资将其所持有的本公司部分股份办理了解除质押和股权 质押手续，现将有关事项公告如下： 一、股东股份解除质押基本情况 ■ 二、股东股份质押基本情况 ■ 三、股东股份累计质押情况 截至公告披露日，上述股东所持质押股份情况如下： ■ 四、其他说明 截至本公告披露日，潮鸿基投资质押的股份不存在平仓风险或被强制过户风险。公司将持续关注其质押 情况及质押风险情况，并按规定及时做好相关信息披露工作，敬请广大投资者注意投资风险。 广东潮宏基实业股份有限公司董事会 2026年1月13日 证券代码：002345 证券简称：潮宏基 公告编号：2026-001 广东潮宏基实业股份有限公司 五、备查文件 1、解除证券质押登 ...

2025年，公司围绕"聚焦主品牌、延展1+N、全渠道营销、国际化"的核心战略，秉承以时尚诠释东方文 化的品牌理念，持续优化产品与服务，依托精细化运营和数字化赋能，进一步夯实品牌核心竞争力；同 时，公司积极推进线上线下全渠道融合，并加快国际化布局，不断提升单店经营效益。截至2025年底， 潮宏基珠宝门店总数达1,668家，年内净增门店163家。得益于产品力和品牌力的持续提升，以及团队精 细化运营的付出，公司珠宝业务在2025年度实现了显著业绩增长。 格隆汇1月12日丨潮宏基(002345.SZ)公布，预计2025年归属于上市公司股东的净利润43,571.09万元～ 53,253.56万元，比上年同期增长125%～175%，扣除非经常性损益后的净利润42,133.01万元～51,495.90 万元，比上年同期增长125%～175%。 ...

格隆汇12月31日丨峨眉山Ａ(000888.SZ)在互动平台表示，公司目前未与八马茶业合作，但与其他茶企 如：中茶、川红、熹茗茶等企业有合作。公司的茶产业将巩固川渝核心市场，重点拓展华东、华南、华 北等高潜力区域，搭建"线上商城+直播电商+社群营销"全渠道体系，接入抖音、京东等平台跨境专 区。 ...

游艇上，正在举办一场名为"船长之夜"的活动。在全球化浪潮与中国跨境电商蓬勃发展的背景下，由亚 马逊广告牵头，联合中欧国际工商学院，以更广阔的全球视野、深度的实战洞察，结合亚马逊广告全球 核心资源，与来自各个行业的"船长"深入交流。此次活动同样也是亚马逊广告"出海总裁班"的启航环 节。 活动上，亚马逊中国副总裁杨彤表示："品牌出海已进入'全渠道融合'时代，流媒体正成为连接用户的 关键场景。" 这句话精准概括了本次活动的核心议题：在全球消费趋势剧变的当下，亚马逊广告如何借助全渠道营销 资源，助力中国商家实现品牌全球化。 12月7日晚，在上海的黄浦江上，"船长8号"正载着数十位中国跨境电商头部品牌的"掌舵人"缓缓启航。 在经历了一轮野蛮生长后，跨境电商的发展需要更清晰的目标和更加精细的运营，这意味着中国跨境电 商的竞争核心也在发生根本性转变——从早期粗放的"卖货时代"、内卷的"低价时代"，驶向以品牌建 设、用户体验和长期价值为核心的"品牌时代"。 新的航程要求出海企业不仅要有优质的"货"，更要有洞察方向、驾驭风浪、引领航线的"船长"。 随着"船长之夜"正式开始，游艇缓缓起航巡游黄浦江。亚马逊中国副总裁杨彤为此次晚宴 ...

Core Insights - The report indicates that China's fast-moving consumer goods (FMCG) market saw a year-on-year sales growth of 1.3% in the first three quarters, driven primarily by a 3.8% increase in sales volume, despite a 2.4% decline in average prices [1][2] Market Performance - The FMCG market experienced a notable recovery in Q1 with a 2.7% year-on-year sales growth, while growth slowed to 0.7% and 0.4% in Q2 and Q3 respectively [1] - The report highlights that third to fifth-tier cities contributed approximately 80% to the overall growth of the FMCG market, driven by urbanization, stable local consumption, and accelerated market penetration by brands and retailers [1] Category Analysis - The FMCG market is segmented into four categories: packaged food, beverages, personal care, and home care. All categories except beverages saw sales growth, with packaged food growing by 3.4%, personal care by 1.1%, and home care by 3.3% [2] - Beverage prices fell by 4.6% year-on-year, attributed to intensified brand competition and the impact of emerging channels [2] - Among 27 subcategories, 19 faced downward price pressure, particularly in personal and home care, while premium products in categories like chocolate and baby formula showed price recovery [2] Channel Dynamics - Offline discount stores, snack shops, and warehouse membership stores saw significant sales growth of 92%, 51%, and 40% respectively, with their market shares increasing [3] - The e-commerce landscape is evolving, with Taobao/Tmall's market share decreasing to 28%, while Douyin's share increased to 26% [3] - Instant retail channels reversed last year's decline with a 7.9% growth in Q3, benefiting from the popularity of delivery services [3] Retail Trends - Three major trends in retail channels are identified: increasing convenience for quick access to products, a shift towards discount-oriented formats, and the evolution of retail brands into collaborative partners with product creators [4]

Investment Rating - The report maintains a "Buy" rating for the company [1][11]. Core Insights - The company reported a revenue of 6.237 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 28.35%. The net profit attributable to shareholders was 317 million yuan, up 0.33% year-on-year. Excluding goodwill impairment, the net profit was 488 million yuan, a significant increase of 54.52% year-on-year [4][5]. - The jewelry business saw a revenue increase of 53.55% year-on-year in Q3 2025, with net profit rising by 86.80%, indicating strong performance [5]. - The company is focusing on expanding its store network, with a total of 1,599 jewelry stores as of September 2025, including 1,412 franchise stores, which exceeded the opening target [6]. Summary by Sections Company Overview - Latest closing price: 12.20 yuan - Total shares: 889 million, circulating shares: 867 million - Total market value: 10.8 billion yuan, circulating market value: 10.6 billion yuan - 52-week high/low: 17.39/4.75 yuan - Debt-to-asset ratio: 36.1% - Price-to-earnings ratio: 55.45 [3]. Financial Performance - In Q3 2025, the company achieved a revenue of 2.135 billion yuan, a year-on-year increase of 49.52%. The net profit was -14 million yuan, down 116.52% year-on-year, but excluding goodwill impairment, the net profit was 157 million yuan, up 81.54% year-on-year [4][5]. - The gross profit margin for Q3 2025 was 21.93%, a decrease of 2.27 percentage points year-on-year, while the sales expense ratio was 8.23%, down 4.02 percentage points year-on-year [7]. Future Outlook - The company plans to open 20 jewelry stores in overseas markets by 2028, with a focus on Southeast Asia, and aims to establish a Hong Kong headquarters to manage international operations [6][10]. - The "1+N" brand strategy will be implemented to capture emerging markets and trends, with ongoing upgrades to the FION brand and the development of the Cevol brand [10][11]. Earnings Forecast - Projected revenue growth rates for 2025-2027 are 23%, 18%, and 16%, respectively. The net profit growth rates are expected to be 130%, 49%, and 25% for the same period [11][13].

Group 1 - The core viewpoint of the report is that the company, October Rice Field (09676), is rated as "Buy" due to its strong competitive advantages and potential for market share growth in the mid-to-high-end rice segment [1] - The report anticipates the company's EPS for 2025-2027 to be 0.57, 0.71, and 0.86 RMB respectively, with a target price of 15.49 HKD for 2025 based on a 25x PE ratio [1] Group 2 - The industry is experiencing slow growth but a clear trend towards upgrading, with stable demand for rice and kitchen foods despite little change in the domestic population [2] - The market for pre-packaged rice is highly fragmented, with a CR5 of only 14%, while October Rice Field holds the top market share in premium and Northeast rice [2] - The company has established strong competitive advantages, including significant single product advantages, active category expansion, and industry-leading omnichannel fulfillment capabilities [2] Group 3 - The company's revenue and adjusted net profit for 2024 are projected to be 5.745 billion and 349 million RMB, respectively, with CAGRs of 25.35% and 12.1% from 2020 to 2024 [3] - Revenue from rice, grains & beans, and other products for 2024 is expected to be 4.014 billion, 470 million, and 446 million RMB, with CAGRs of 21%, 6%, and 50% respectively [3] - Corn is expected to see explosive growth, reaching 815 million RMB, opening a second growth curve for the company [3] - The company has strong channel adjustment capabilities, leveraging both online and offline sales channels, with projected revenues of 3.599 billion and 2.147 billion RMB for online and offline sales in 2024, respectively [3]

Core Insights - The home furnishing industry is undergoing significant transformation, shifting from a focus on basic functionality to personalized, quality, and scenario-based demands, with an accelerated integration of online and offline channels [1][2] - The industry faces challenges such as high consumer complaints regarding product homogeneity and inadequate scenario adaptability, with 38% of consumers expressing dissatisfaction [2] - The concept of "omni-channel marketing" has evolved from an optional strategy to a necessity, reshaping the commercial elements of "people, goods, and places" in the home furnishing sector [2][3] Industry Trends - By 2025, the scale of China's home furnishing industry is projected to exceed 5 trillion yuan, indicating substantial market growth [2] - The integration of artificial intelligence (AI) technology is essential for home furnishing companies to achieve precise positioning and differentiated competition [1][2] - The standardization of products is seen as a way to enhance competitiveness and reduce marginal costs, thereby consolidating the advantages of leading enterprises [1] Market Dynamics - The Douyin e-commerce platform has played a crucial role in the omni-channel reconstruction, with a 99% increase in new furniture products and a 64% increase in active products in the first half of 2025 compared to the same period in 2024 [3] - The payment GMV for Douyin's furniture sector grew by 57% year-on-year in the first half of 2025, while the settlement GMV increased by 48% [3] - The collaboration between policy support, media, think tanks, and enterprises is fostering a multi-faceted development trend in the home furnishing industry [3]

Core Viewpoint - The company,潮宏基, is advancing its A+H share listing process in Hong Kong, aiming to enhance its global strategy and international competitiveness through an IPO, with a focus on overseas expansion and establishing a strong retail presence in international markets [1][2]. Group 1: Financial Performance - The company projects a compound annual growth rate (CAGR) of 21.6% in total revenue from 2022 to 2024, with total revenue expected to reach 4.062 billion yuan in the first half of 2025, representing a year-on-year growth of 19.6% [1]. - For the first half of 2025, the company anticipates a profit of 330 million yuan, with a year-on-year increase of 44.34% [2]. - The company reported a revenue of 4.102 billion yuan for the first half of 2025, reflecting a year-on-year growth of 19.54% [2]. Group 2: Market Position and Strategy - The jewelry industry in China is characterized by low concentration, with the top five companies holding a market share of 31.8%, while潮宏基 ranks ninth with a market share of 0.8% [1]. -潮宏基 leads in specific segments such as gold string beads and fashion jewelry, holding the top position in the fashion jewelry market with a market share of 1.4% [1]. - The company aims to open 20 self-operated stores overseas by the end of 2028 and establish an overseas headquarters in Hong Kong, as part of its global expansion strategy [2]. Group 3: Operational Developments - The company is focusing on enhancing its main brand, expanding its multi-brand strategy, and implementing an omnichannel marketing approach, which has led to improved operational performance [3]. -潮宏基 has successfully opened two stores in Cambodia's key commercial areas, further expanding its overseas retail network [3]. - The company’s online sales subsidiary reported a net profit increase of 70.64% during the reporting period, indicating effective adjustments in its online sales strategy [3].