Market Overview - The jewelry sector increased by 2.22% on August 4, with Feiya leading the gains [1] - The Shanghai Composite Index closed at 3583.31, up 0.66%, while the Shenzhen Component Index closed at 11041.56, up 0.46% [1] Individual Stock Performance - Feiya (000026) closed at 17.67, up 7.42% with a trading volume of 315,700 shares and a turnover of 542 million [1] - Chao Hong Ji (002345) closed at 15.16, up 6.61% with a trading volume of 320,900 shares and a turnover of 478 million [1] - Man Ka Long (300945) closed at 19.43, up 3.74% with a trading volume of 215,500 shares and a turnover of 415 million [1] - Ying Xi Tong Ling (603900) closed at 9.94, up 3.65% with a trading volume of 224,500 shares and a turnover of 221 million [1] - Other notable performers include Cai Zi Co. (6655509) up 3.25%, and Cui Hua Jewelry (002731) up 2.78% [1] Fund Flow Analysis - The jewelry sector saw a net inflow of 137 million from institutional investors, while retail investors experienced a net outflow of 137 million [2] - The main stocks with significant net inflows include Feiya with 51.93 million and Chao Hong Ji with 49.49 million [3] - Retail investors showed a net outflow in several stocks, with Feiya and Chao Hong Ji experiencing outflows of 35.79 million and 42.44 million respectively [3]

Group 1 - The total salary for A-share secretaries reached 4.086 billion yuan in 2023, with an average salary of 754,300 yuan [1] - Among the jewelry industry, the highest annual salary for a secretary was 1.8582 million yuan paid by Feiya for secretary Song Yaoming, while the lowest was 252,500 yuan paid by Mingpai Jewelry for secretary Chen Kai [1] - Three companies paid their secretaries over 1 million yuan, namely Di'a Shares, Caibai Shares, and Feiya [1] Group 2 - In 2024, Feiya's revenue declined by 13.77%, and its net profit dropped by 33.86%, marking a five-year low for both metrics [2] - Di'a Shares paid its secretary 1.2696 million yuan, ranking third in the food industry, while its revenue fell to 1.482 billion yuan, a decrease of 32.01% [2] - Di'a Shares has faced continuous losses in net profit for two consecutive years [2]

责任编辑：公司观察 专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 数据显示，截止7月29日，A股市场共有5817家上市公司。董秘作为连接投资者与上市公司的"桥梁"， 在上市公司资本运作中发挥着关键作用。据2024年年报显示，去年A股董秘薪酬合计达40.86亿元，平均 薪酬75.43万元。 随着年报披露收官，饰品行业上市公司董秘薪酬面纱也被揭开。据数据统计，饰品行业上市公司为董秘 支付的最高年度薪酬是飞亚达，为董秘宋瑶明支付年薪185.82万元；为董秘支付的最低年度薪酬是明牌 珠宝股，为董秘陈凯支付年薪仅25.25万元。其中为董秘发放超百万年薪的上市公司共有3家，分别为迪 阿股份、菜百股份、飞亚达。 从年薪的变动来看，2024未变更董秘的上市公司中，多数上市公司调减了董秘年薪，其中中国黄金董秘 陈军年薪腰斩，由2023年的101.46万年薪同比减少54%至47.46万元。调增董秘年薪的上市公司中，周大 生董秘何小林年薪增幅最大，年薪有2023年的35.55万元增长至88.1万元，同比 增长147.82% ...

专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 飞亚达2024年为董秘宋瑶明支付年薪185.82万元，是饰品行业最高。值得关注的是，飞亚达2024年经营 状况并不容乐观，2024年公司营收同比下滑13.77%，名表服务业务下滑15.43%；归母净利润2.2亿元， 同比暴跌33.86%，公司营收、净利润分创近5年新低。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 数据显示，截止7月29日，A股市场共有5817家上市公司。董秘作为连接投资者与上市公司的"桥梁"， 在上市公司资本运作中发挥着关键作用。据2024年年报显示，去年A股董秘薪酬合计达40.86亿元，平均 薪酬75.43万元。 随着年报披露收官，饰品行业上市公司董秘薪酬面纱也被揭开。据数据统计，饰品行业上市公司为董秘 支付的最高年度薪酬是飞亚达，为董秘宋瑶明支付年薪185.82万元；为董秘支付的最低年度薪酬是明牌 珠宝股，为董秘陈凯支付年薪仅25.25万元。其中为董秘发放超百万年薪的上市公司共有3家，分别为迪 阿股份、菜百股份、飞亚达。 从年薪的变动来看，2024未变更董秘的上市公司中，多数上 ...

从年薪的变动来看，2024未变更董秘的上市公司中，多数上市公司调减了董秘年薪，其中中国黄金董秘 陈军年薪腰斩，由2023年的101.46万年薪同比减少54%至47.46万元。调增董秘年薪的上市公司中，周大 生董秘何小林年薪增幅最大，年薪有2023年的35.55万元增长至88.1万元，同比 增长147.82%。 专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 数据显示，截止7月29日，A股市场共有5817家上市公司。董秘作为连接投资者与上市公司的"桥梁"， 在上市公司资本运作中发挥着关键作用。据2024年年报显示，去年A股董秘薪酬合计达40.86亿元，平均 薪酬75.43万元。 随着年报披露收官，饰品行业上市公司董秘薪酬面纱也被揭开。据数据统计，饰品行业上市公司为董秘 支付的最高年度薪酬是飞亚达，为董秘宋瑶明支付年薪185.82万元；为董秘支付的最低年度薪酬是明牌 珠宝股，为董秘陈凯支付年薪仅25.25万元。其中为董秘发放超百万年薪的上市公司共有3家，分别为迪 阿股份、菜百股份、飞亚达。 飞亚达2024年 ...

Summary of Key Points Core Viewpoint - The 2024 A-share Secretary Data Report reveals that over 21% of secretaries in the A-share market earn annual salaries exceeding one million yuan, highlighting the significant role of secretaries in connecting investors and listed companies [1]. Group 1: Salary Data - As of July 29, there are 5,817 listed companies in the A-share market, with a total salary expenditure for secretaries reaching 4.086 billion yuan, averaging 754,300 yuan per secretary [1]. - In the jewelry industry, the highest annual salary for a secretary is 1.8582 million yuan paid by Feiya, while the lowest is 252,500 yuan paid by Mingpai Jewelry [1]. - Three companies, including Di'a Shares, Caibai Shares, and Feiya, have secretaries earning over one million yuan annually [1]. Group 2: Salary Changes - Among companies that did not change their secretaries, most reduced their salaries, with China Gold's secretary seeing a 54% decrease from 1.0146 million yuan to 474,600 yuan [1]. - Zhou Dazheng's secretary, He Xiaolin, experienced the largest salary increase, rising from 355,500 yuan in 2023 to 881,000 yuan, a 147.82% increase [1]. Group 3: Company Performance - Feiya's secretary, Song Yaoming, received the highest salary in the jewelry sector, but the company faced a 13.77% decline in revenue and a 33.86% drop in net profit, marking a five-year low [2]. - Di'a Shares paid its secretary, Huang Shuizhong, 1.2696 million yuan, but the company reported a 32.01% decrease in revenue, reaching 1.482 billion yuan, and has faced two consecutive years of net profit losses [2].

专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 迪阿股份2024年为董秘黄水荣支付年薪126.96万元，位居食品行业第三。值得关注的是，迪阿股份近年 来陷入业绩低迷的泥潭，2024年公司营收14.82亿元（同比-32.01%），创上市新低，扣非净利润连续两 年亏损。 MACD金叉信号形成，这些股涨势不错！ 责任编辑：公司观察 随着年报披露收官，饰品行业上市公司董秘薪酬面纱也被揭开。据数据统计，饰品行业上市公司为董秘 支付的最高年度薪酬是飞亚达，为董秘宋瑶明支付年薪185.82万元；为董秘支付的最低年度薪酬是明牌 珠宝股，为董秘陈凯支付年薪仅25.25万元。其中为董秘发放超百万年薪的上市公司共有3家，分别为迪 阿股份、菜百股份、飞亚达。 从年薪的变动来看，2024未变更董秘的上市公司中，多数上市公司调减了董秘年薪，其中中国黄金董秘 陈军年薪腰斩，由2023年的101.46万年薪同比减少54%至47.46万元。调增董秘年薪的上市公司中，周大 生董秘何小林年薪增幅最大，年薪有2023年的35.55万元增长至88.1万元，同比 增长147.82%。 飞亚达2024年为董秘宋瑶明支付年 ...

Market Outlook - The market is expected to experience a volatile pattern in early August, followed by a return to an upward trend in late August, potentially reaching new highs[2] - Concerns regarding the US-China tariff conflict may persist until around August 12, after which risk appetite is likely to recover[3] - The overall free cash flow of listed companies is anticipated to improve, reinforcing the logic for re-evaluating A-shares[3] Economic Indicators - The GDP growth rate for the first half of the year is reported at 5.3%, indicating a stable economic environment[17] - The second quarter earnings growth for listed companies is expected to remain between 0% and 5%[16] - The market has successfully surpassed key resistance levels, with the Shanghai Composite Index above 3450 and the WIND All A Index above 5400 points[18] Investment Strategy - A "barbell" investment strategy is recommended, focusing on high ROE and free cash flow companies on one side, and sectors like AI and defense on the other[19] - Key sectors to watch include non-bank financials, pharmaceuticals, electric power equipment, and machinery[21] Fund Flows - Incremental capital is expected to continue flowing into the market, driven by financing, private equity, and industry ETFs[7] - The net inflow of funds is likely to persist, supported by the positive feedback loop from the market's performance[25] Industry Focus - Attention should be given to sectors with high earnings growth or marginal improvement, particularly in TMT, manufacturing, and essential consumer goods[8] - The focus on "de-involution" competition is expected to drive capacity clearing in various industries, enhancing profitability[21]

从资金流向上来看，当日饰品板块主力资金净流入1744.09万元，游资资金净流出6581.85万元，散户资金 净流入4837.76万元。饰品板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002721 | 金―文化 | 3584.77万 | 9.68% | -2325.55万 | -6.28% | -1259.22万 | -3.40% | | 002345 | 潮宏基 | 2757.20万 | 11.54% | -1849.65万 | -7.74% | -907.55万 | -3.80% | | 002574 明牌珠宝 | | 530.55万 | 13.52% | -456.83万 | -11.64% | -73.72万 | -1.88% | | 002867 | 周大生 | 485.65万 | 7.09% | -262.67万 | -3.83% | -222.98万 | -3.25% | | ...

Market Overview - The jewelry sector experienced a decline of 1.46% on July 31, with Mankalon leading the drop [1] - The Shanghai Composite Index closed at 3573.21, down 1.18%, while the Shenzhen Component Index closed at 11009.77, down 1.73% [1] Individual Stock Performance - Mankalon (300945) closed at 18.80, down 3.69% with a trading volume of 153,200 shares and a turnover of 291 million yuan [1] - Rebecca (600439) closed at 3.15, down 2.48% with a trading volume of 494,900 shares and a turnover of 158 million yuan [1] - Chao Hong Ji (002345) closed at 14.38, down 2.04% with a trading volume of 287,700 shares and a turnover of 41.3 million yuan [1] - Fei Ya Da (000026) closed at 16.60, down 1.78% with a trading volume of 144,000 shares and a turnover of 241 million yuan [1] - Lao Feng Xiang (600612) closed at 47.05, down 1.75% with a trading volume of 28,600 shares and a turnover of 13.5 million yuan [1] - Ming Pai Jewelry (002574) closed at 5.63, down 1.57% with a trading volume of 113,700 shares and a turnover of 64.5 million yuan [1] - Zhou Da Sheng (002867) closed at 12.95, down 1.45% with a trading volume of 75,800 shares and a turnover of 98.7 million yuan [1] - Shen Zhong Hua A (000017) closed at 6.17, down 1.44% with a trading volume of 93,400 shares and a turnover of 58.1 million yuan [1] - Di A Co., Ltd. (301177) closed at 27.45, down 1.29% with a trading volume of 99,700 shares and a turnover of 27.5 million yuan [1] - Xing Xi Tong Ling (603900) closed at 9.60, down 1.13% with a trading volume of 66,300 shares and a turnover of 63.7 million yuan [1] Capital Flow Analysis - The jewelry sector saw a net outflow of 175 million yuan from institutional investors, while retail investors had a net inflow of 170 million yuan [1] - The table shows the capital flow for individual stocks, indicating varying levels of net inflow and outflow among different companies [2] - For instance, China Gold (600916) experienced a net outflow of 25.41 million yuan from institutional investors, while Xinhua Tin (600735) had a net inflow of 7.27 million yuan [2] - Chao Hong Ji (002345) had a net inflow of 5.83 million yuan from retail investors despite a net outflow from institutional and speculative investors [2]