周大生珠宝股份有限公司 投资者关系活动记录表 投资者关系活动类别 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 √其他(电话会议) 参与单位名称 及人员姓名 共计 2 位投资者（排名不分先后）： 广发证券：包晗 人保资产：李爽 时 间 2025 年 5 月 12 日 地 点 线上 上市公司接待人员 姓名 证券事务代表：周晓达 投资者关系活动 主要内容介绍 一、 问答环节： 投资者主要就 2024 年年报及 2025 年一季报主要财务指标、品牌矩 阵、渠道扩张、金价波动、终端销售情况等问题进行了交流，可参阅前 次活动记录表之问答和已披露公告。 接待过程中，公司严格按照《信息披露管理制度》等规定，保证信 息披露的真实、准确、完整、及时、公平，没有出现未公开重大信息泄 露等情况。 附件清单（如有） 无 日期 2025 年 5 月 12 日 代码：002867 证券简称：周大生 编号：2025-018 ...

Group 1: Cai Bai Co., Ltd. (菜百股份) - Cai Bai Co., Ltd. plans to open approximately 10 new stores in 2024, with over half already opened, including the largest flagship store in Beijing Shunyi Xiangyun Town [1] - The company reported a slight decrease in revenue contribution from its main store despite an increase in overall store scale, with growth in chain stores and online business, as well as strong performance in bank channels [1] - Sales of precious metal investment products have seen significant growth, while gold jewelry sales remain stable, and cultural products related to precious metals have performed well; however, sales of diamond and jade jewelry have declined [1] - The company adheres to a pricing principle of "selling genuine goods at fair prices" and plans to distribute a cash dividend of 7.20 yuan per 10 shares (including tax) for the 2024 fiscal year [1] Group 2: Ri Fa Precision Machinery Co., Ltd. (日发精机) - Ri Fa Precision Machinery has a strong competitive advantage in the bearing equipment sector, ranking high in market share [2] - The company completed the R&D of a CNC thread grinding machine in 2023, designed for processing lead screws and nuts in industries such as new energy vehicles and humanoid robots, with initial deliveries made to select customers [2] - However, large-scale production has not yet been achieved due to some downstream industries still being in early stages, and continuous capacity release for CNC grinding equipment has not been realized [2] - The company is in discussions regarding compensation for five aircraft detained by Airwork, with negotiations ongoing with Russian clients and insurance companies [2]

Group 1 - The core viewpoint of the news is that Fengjing Capital has conducted research on Cai Bai Co., which includes insights into the company's 2024 store opening plans, channel and product structure changes, pricing strategies, and dividend distribution [1] - Cai Bai Co. plans to open approximately 10 new stores in 2024, with over half already opened, including the largest flagship store in Beijing Shunyi Xiangyun Town [1] - The company reported a slight decrease in revenue contribution from its main store despite growth in total store scale, with significant growth in chain stores and online business, as well as good performance in bank channels [1] Group 2 - The sales of precious metal investment products have seen a significant increase, while gold jewelry sales remain stable, and there is a good rise in precious metal cultural products; however, sales of diamond and jade jewelry have declined [1] - Cai Bai Co. adheres to a pricing principle of "selling genuine goods at real prices" [1] - The annual profit distribution plan for 2024 proposes a cash dividend of 7.20 yuan (including tax) for every 10 shares [1]

每经编辑｜黄胜 受中美贸易谈判利好推动，北京时间5月12日晚间，美股三大指数开盘走强，截至北京时间23:30分左右，道指涨2.44%，纳指涨3.55%，标普500指数涨 2.63%。 美股七大科技股开盘多数走高，其中，苹果一度大涨超6%，其他科技巨头亦集体走高，亚马逊大涨超7%，Meta涨超5%，特斯拉涨近5%，英伟达涨近4%， 谷歌涨近3%，微软涨0.74%。 热门中概股多数上涨，纳斯达克中国金龙指数盘初大涨超5%。 截至北京时间23:30分左右，纳斯达克中国金龙指数上涨4.86%。值得注意的是，跨境物流服务公司佳裕达盘中一度涨超130%，目前涨65.64%。 | 咖管 | 纳斯达克中国金龙指数 7411.33 4.86% | 17 | | --- | --- | --- | | 股吧 | 成份股 | 关联基金 | | 名称 | 最新, | 消息 | | 佳裕达 | 0.3616 | 65.64 | | JYD | | | | 世纪互联 | 7.450 | 25.009 | | VNET | | | | 亿咖通科技 | 1.805 | 12.819 | | ECX | | | | 万国数据 | 28.410 ...

Core Viewpoint - The company, Cai Bai Co., Ltd. (605599), is expanding its retail presence and maintaining a positive financial trajectory, with a focus on gold and jewelry products, while also planning to distribute significant cash dividends to shareholders in 2024 [5][3]. Group 1: Business Expansion - The company plans to open approximately 10 new stores in 2025, with over half already established. The largest direct chain store outside the main store has opened in Beijing, featuring a unique cultural consumption space [2]. - The new store in Beijing's Shunyi District spans over 1,600 square meters and emphasizes a blend of gold jewelry and cultural experiences [2]. Group 2: Financial Performance - For Q1 2025, the company reported a main revenue of 8.222 billion yuan, a year-on-year increase of 30.18%, and a net profit attributable to shareholders of 320 million yuan, up 17.32% year-on-year [5]. - The company’s gross profit margin stands at 8.34%, with a debt ratio of 47.34% [5]. Group 3: Product and Channel Strategy - The company is experiencing growth in its revenue, with a stable increase in net profit. The sales of precious metal investment products have seen significant growth, while sales of diamond and emerald jewelry have declined [3]. - The company is actively adjusting its product structure and procurement strategies to enhance operational quality [3]. Group 4: Dividend Policy - The company aims to maintain high dividend payouts, proposing a cash dividend of 7.20 yuan per 10 shares for the 2024 fiscal year, pending approval at the annual shareholders' meeting [5]. Group 5: Market Sentiment - In the last 90 days, 10 institutions have rated the stock, with 9 buy ratings and 1 hold rating, indicating positive market sentiment [6].

Core Viewpoint - The launch of the "Charme 'This Moment is Mine'" limited-time experience space in Xi'an marks a collaboration between Chow Sang Sang and the popular game "Honor of Kings" to celebrate its 10th anniversary, showcasing a blend of modern aesthetics and esports culture [1][12]. Group 1: Event Highlights - The event features the participation of eStarPro team players, Huahai and Qingrong, who engage with fans and showcase the "Versatile MVP" challenge [1][12]. - The experience space is designed with vibrant colors and a minimalist style, creating an engaging atmosphere for visitors [3]. - Interactive areas such as "Krypton Gold Player" and "Gather Together, Take a Photo with Crystal!" are available for attendees to explore [3][10]. Group 2: Product Offerings - The collaboration introduces a new line of gold jewelry inspired by five classic characters from "Honor of Kings," including Sun Wukong and Xiao Qiao, crafted with advanced techniques to reflect the game's aesthetic [16][18]. - Charme's customizable workshop allows consumers to create unique accessories, with players selecting letter beads "M," "V," and "P" to symbolize their commitment to excellence in gaming [14][16]. - The new products feature intricate designs and vibrant colors, utilizing laser and sand surface treatments to enhance their visual appeal [16][19].

Group 1 - The local market supervision administration received a complaint regarding a gold recycling store using inaccurate electronic scales, showing a discrepancy of nearly 0.1 grams in the weight of a gold ring compared to a jewelry store [2] - A special inspection of gold jewelry businesses has been conducted, with 6 businesses checked and 6 measuring instruments tested, along with a public lecture on handling complaints related to gold jewelry [2] - The enforcement officers focused on the legality, integrity, and proper labeling of measuring instruments, ensuring no tampering or cheating programs were present [2] Group 2 - Officers checked whether businesses clearly distinguished between "fixed price" and "per gram" gold sales, ensuring proper labeling of product names, specifications, and pricing units [3] - The enforcement team educated businesses on relevant laws and regulations, emphasizing the importance of informing consumers about the differences between pricing methods to prevent misleading practices [3] - The local market supervision administration plans to continue monitoring gold consumption issues to create a safer and more trustworthy shopping environment [3]

"今年水晶很火！判断真假摸一下就知道了，真水晶是冰冰凉凉的……"近日，在"云上珠宝"直播间，主 播东哥对着镜头展示一款水晶手镯，不到10分钟，7000件产品销售一空。 "云上珠宝"直播间的高销量，是汕尾海丰县金银珠宝首饰产业飞跃发展的生动缩影。在"百千万工程"实 现"三年初见成效"的重要节点，海丰县正以拼搏进取的势头，推动传统产业转型升级。目前，该县有珠 宝首饰市场主体1万余家，年产值约350亿元，近三年年均复合增长率达5.27%，为县域经济高质量发展 注入了源源不断的活力。 不同于深圳水贝国际珠宝交易中心以行业领先的珠宝设计技术和创新设计理念坐稳江湖地位、广州番禺 珠宝以制造突围成为全球珠宝首饰供应链基地，海丰凭借跨境电商与低成本优势闯出新天地，在全球彩 宝细分领域闪耀着独特的"珠光宝气"。 ▷▷从"闯"到"创" 敢为人先创建完整产业链 以勇气"闯"，凭锐气"创"。20世纪80年代初，在海丰籍旅港商人引领下，首批海丰创业者勇闯深圳，积 累珠宝首饰加工经验，此后利用家乡人力、土地等要素成本优势，回乡创建加工作坊，以"前店后厂"的 模式迈出了"从无到有，从有到优"的步伐。 随着改革开放的深入和市场经济的发展，海 ...

5月12日国内金价快报：国内各大金店金价继续下跌，老庙黄金金价已触及1000元/克的关口，其他金店金价也有望跌下千 元。周六福等金店金价跌了14元/克，最新标价1008元/克，仍是最高价金店。菜百金价下跌7元/克，报价988元/克，取代上 海中国黄金成为最低价金店。今日金店黄金价差20元/克，价差又小了点。 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5月12日) | | | | --- | --- | --- | --- | --- | | 金店报价 | 今日金价 | 单位 | 变动幅度 | 涨跌 | | 老庙黄金价格 | 1000 | 元/克 | 19 | 跌 | | 六福黄金价格 | 1008 | 元/克 | 14 | 脱 | | 周大福黄金价格 | 1008 | 元/克 | 14 | 联 | | 周六福黄金价格 | 1008 | 元/克 | 14 | 跌 | | 金至尊黄金价格 | 1008 | 元/克 | 14 | 缺 | | 老凤祥黄金价格 | 1002 | 元/克 | 20 | 跌 | | 潮宏基黄金价格 | 1008 | 元/克 | 14 | 跌 | | 周 ...

Economic Developments - Significant progress has been made in high-level economic talks between the US and China, with both sides reaching important consensus [1][3] - The US Treasury Secretary Scott Bessent expressed satisfaction with the productive nature of the negotiations, indicating that a detailed briefing would follow [3] - The US Trade Representative emphasized the constructive nature of the discussions, highlighting the need to address the substantial trade deficit [3] Market Reactions - Following the news of the trade talks, US stock futures surged, with the Dow Jones rising by 1%, S&P 500 by 1.2%, and Nasdaq by 1.5% [1] - The offshore Chinese yuan experienced a significant increase, rising nearly 200 points, while Asian markets opened positively across the board [1] Gold Market Dynamics - International gold prices opened lower, with a decline exceeding 1%, and prices dropping to below $3,260 per ounce [4] - COMEX gold futures also faced pressure, opening nearly 2% lower at $3,283.7 per ounce [5] - Domestic gold jewelry prices followed suit, with notable decreases in prices for major brands [6] Future Gold Price Predictions - Analysts predict short-term volatility in gold prices, but a long-term upward trend is expected, with Goldman Sachs forecasting prices to reach $3,700 per ounce by the end of 2025 and $4,000 by mid-2026 [9] - China's gold reserves have increased for six consecutive months, with a total of 7.377 million ounces reported at the end of April, reflecting a growing trend in central bank gold purchases globally [10] Regulatory Actions - Several banks have issued warnings against using credit cards for gold trading, citing risks associated with market volatility and regulatory compliance [12][13] - The banks emphasize that credit card funds should only be used for daily consumption and not for investment purposes, including gold [12][13]