1月16日，潮宏基（002345）发布投资者关系活动记录表称，公司于1月15日接待了长城证券 （002939）、东北证券、光大证券等7家机构投资者的现场调研，通过展厅参观、门店考察及问答交 流，展示了其珠宝主业与女包业务的协同发展态势。 据公告披露，本次调研活动由公司董事会秘书林育昊、证券事务代表江佳娜带队，机构投资者参观了企 业展厅、臻宝博物馆及潮宏基珠宝门店、"臻ZHEN"体验馆。在问答环节，双方就公司业绩预告、门店 拓展计划、海外市场布局、产品结构优化、新品研发及电商业务等话题展开交流。公司通过线下体验场 景与数字化渠道的结合，持续强化品牌竞争力。(王珞) ...

Core Viewpoint - Six福 Group reported strong retail performance in Q3 FY26, with a year-on-year increase of 26% in retail value, driven by effective product differentiation and sales strategies in a high gold price environment [1][2]. Group Performance - The group's retail value increased by 26% year-on-year, with a quarter-on-quarter growth of 8 percentage points [1]. - Domestic sales also rose by 26% year-on-year, with a quarter-on-quarter increase of 6 percentage points [1]. - The Hong Kong, Macau, and overseas markets saw a year-on-year increase of 20%, with a quarter-on-quarter growth of 7 percentage points [1]. Same-Store Sales Growth (SSSG) - The same-store sales growth in Hong Kong, Macau, and overseas markets was 16% year-on-year, with a quarter-on-quarter increase of 5 percentage points [2]. - Specific growth rates included Hong Kong at 15%, Macau at 22%, and overseas at 11%, attributed to favorable pricing and increased tourist flow from mainland China [2]. - Mainland self-operated stores reported a SSSG of 7%, while brand stores achieved a SSSG of 31%, both showing a quarter-on-quarter acceleration of 4 percentage points [2]. Product Performance - The retail value of high-margin pricing gold products increased, with their share rising by 3 percentage points to 17% [2]. - The introduction of new product lines, such as the "Ice·Diamond Light Shadow Gold" series and the Tang Palace Night Banquet series, contributed to a 66% year-on-year increase in gold-inlaid diamond product SSSG [2]. Store Expansion and Structure Optimization - As of January 15, 2026, the group operated 3,073 stores globally, with 2,951 in mainland China, 74 in Hong Kong and Macau, and 48 overseas [3]. - The net store closures in Q3 FY26 were 40, a decrease from 49 in the previous quarter, indicating a slowdown in store closures [3]. - The company aims to expand its overseas presence by opening at least 50 new stores in three countries over the next three years, with 20 planned for FY26 [3]. Profit Forecast and Valuation - The profit forecast for Six福 Group is set at HKD 1.548 billion, 1.733 billion, and 1.918 billion for FY26, FY27, and FY28 respectively [3]. - The target price is maintained at HKD 35.1, corresponding to a 14 times PE ratio for FY26, reflecting improved same-store sales and balanced regional coverage [3].

Core Viewpoint - The company reported strong growth in retail value and same-store sales for the period of October to December 2025, with overall retail value increasing by 26% year-on-year and same-store sales growing by 15%, indicating an acceleration compared to the previous quarter [1] Group 1: Regional Performance - Global markets performed well, with same-store sales growth of 15% in Hong Kong, 22% in Macau, and 11% overseas; same-store sales growth in mainland China was 7% for self-operated stores and 31% for franchise stores [1] Group 2: Product Structure - Pricing gold continued to lead performance, with same-store sales growth of 32% despite a high base; pricing gold accounted for 17% of the company's overall retail value; 18K gold diamonds showed improvement, with same-store sales stabilizing after a 10% decline in the previous quarter [1] Group 3: Store Expansion - The company closed a net of 40 stores during the quarter, a slowdown from the 49 stores closed in the previous quarter, ending with a total of 3,073 stores; overseas, the company opened 9 new stores, bringing the total overseas store count to 48 [1] Group 4: Future Outlook - The company is expected to continue its strong growth into early 2026, driven by product innovation, channel optimization, and accelerated overseas development; it aims to capture the jewelry consumption trend of "fashion + value preservation" with quality products and store services [2] - The company maintains projected net profits of HKD 1.501 billion, 1.787 billion, and 2.028 billion for the fiscal years 2026-2028, with corresponding P/E ratios of 10.7, 9, and 7.9, and maintains an "outperform" rating [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 一、《警示函》主要内容 欧陆之星钻石（上海）有限公司： 经查，亿汇通投资实业（上海）有限公司作为你公司名义股东，代 Eurostar Diamond International S.A 持 有你公司 41.66%股份。你公司作为莱绅通灵珠宝股份有限公司持股5%以上的股东，在2024年5月、 2025年3月公告的《莱绅通灵珠宝股份有限公司简式权益变动报告书》中未真实披露上述代持事项。 作为信息披露义务人，你公司上述行为违反了《上市公司收购管理办法》（证监会令第166号）第三条 第三款的规定。 根据《上市公司收购管理办法》（证监会令第166号）第七十五条的规定，我局决定对你公司采取出具 警示函的行政监管措施，并记入证券期货市场诚信档案。你公司应当高度重视，严格按照相关法律、行 政法规和中国证监会有关规定，规范履行信息披露义务，并在收到本决定书之日起十个工作日内向我局 提交书面报告。 如果对本监督管理措施不服，可以在收到本决定书之日起 60日内向中国证券监督管理委员会提出行政 复议申请；也可以在收到本决定书之日起6个月内向有管辖权的人民法院提起诉讼。复议与诉讼期间， ...

Investment Rating - The investment rating for the company is maintained as "Buy" with a target price of HKD 35.10 [1][5]. Core Insights - The company reported a retail value growth of 26% year-on-year for Q3 FY26, with a sequential increase of 8 percentage points. The growth was driven by effective product differentiation and sales strategies amid rising gold prices [1]. - Same-store sales growth (SSSG) improved across all regions, with Hong Kong, Macau, and overseas markets showing a year-on-year increase of 16% [2]. - The product mix continues to upgrade, with high-margin pricing gold products accounting for 17% of retail value, supporting the company's profit resilience [3]. - The company is optimizing its store structure, with a total of 3,073 stores globally, and plans to expand its overseas presence significantly [4]. Summary by Sections Sales Performance - The company achieved a same-store sales growth of 16% in Hong Kong, Macau, and overseas markets, with specific increases of 15% in Hong Kong, 22% in Macau, and 11% overseas [2]. - The same-store sales growth for self-operated stores in mainland China was 7%, while brand stores saw a remarkable 31% growth [2]. Product Strategy - The retail value of high-margin pricing gold products increased by 3 percentage points to 17%, with mainland China and Hong Kong/Macau accounting for 16% and 17% respectively [3]. - The company launched new product lines, including the "Ice·Diamond Light Shadow Gold" series and the Tang Palace Night Banquet series, which contributed to a 66% increase in gold-inlaid diamond product sales [3]. Store Expansion - As of January 15, 2026, the company had 3,073 stores globally, with 2,951 in mainland China, 74 in Hong Kong and Macau, and 48 overseas. The net store closures have slowed down, with 40 closures in Q3 FY26 compared to 49 in the previous quarter [4]. - The company aims to open at least 50 new stores in three countries over the next three years, with 20 planned for FY26 [4]. Financial Forecast - The company maintains its net profit forecast for FY26-FY28 at HKD 1.548 billion, HKD 1.733 billion, and HKD 1.918 billion respectively, with a target price corresponding to a 14 times PE ratio for FY26 [5].

莱绅通灵公告，欧陆之星钻石（上海）有限公司作为公司持股5%以上的股东，在2024年5月、2025年3 月公告的《莱绅通灵珠宝股份有限公司简式权益变动报告书》中未真实披露代持事项。亿汇通投资实业 （上海）有限公司作为欧陆之星钻石的名义股东，代Eurostar Diamonds International S.A持有欧陆之星钻 石41.66%的股份。因此，上交所对欧陆之星钻石予以监管警示。 ...

Group 1 - The core activity involved a specific investor research event conducted by Guangdong Chaohongji Industrial Co., Ltd., which took place on January 15, 2026, with participation from seven investors including institutions like Great Wall Securities and Northeast Securities [1][2] - The event was held at the company's headquarters, with the reception team consisting of the board secretary Lin Yuhao and securities affairs representative Jiang Jiana, ensuring professional communication and accurate information transfer [2] - The research activity included a visit to the company's exhibition hall and Zhenbao Museum, allowing investors to gain insights into the company's brand history, cultural heritage, and core product system [3] Group 2 - During the Q&A session, discussions covered key topics such as the company's latest performance forecast, offline store expansion strategies, overseas store operations, product structure adjustments, 2026 new product planning, e-commerce business development, and the current status of the women's bag business [3] - The company emphasized that all information shared during the research event adhered to disclosure regulations, ensuring compliance and fairness without involving any undisclosed significant information [3]

Core Viewpoint - The article discusses a significant incident involving a silver dealer in Shenzhen, where the dealer failed to fulfill orders for silver bullion, leading to financial losses for multiple clients and police intervention [2][10]. Group 1: Incident Overview - A silver shop named "Hechengxing" in Shenzhen has reportedly closed down, leaving many customers unable to redeem their purchased silver bullion [7]. - The shop's owner is alleged to owe over 27,000 yuan to a supplier, with total outstanding payments estimated to be around 200 million yuan [4][10]. - Many affected merchants have reported losses ranging from tens of thousands to millions of yuan, with a conservative estimate of the total case value exceeding ten million yuan [8][10]. Group 2: Market Context - The silver market has seen a dramatic price increase, with silver prices rising over 147% in the past 25 years, and reaching a historic high of 92.2 USD/ounce on January 14, 2026 [10]. - Following this peak, silver prices experienced a sharp decline, dropping over 7% on January 15, 2026 [10]. - Historical patterns indicate that significant price surges in silver can lead to rapid declines, as seen in 2011 when silver prices fell by 30.39% within four trading days [10][11]. Group 3: Industry Insights - Industry insiders suggest that the recent "blow-up" incidents are not uncommon, often resulting from dealers betting on price declines without adequate risk management strategies [10]. - The volatility in silver prices can create challenges for dealers, particularly when there is a time lag in the supply chain [10].

Core Viewpoint - The rising gold prices are creating challenges for traditional gold retailers, as younger consumers shift their purchasing habits towards more personalized and cost-effective gold jewelry options [1][3][4]. Group 1: Market Trends - Gold prices have surged to unprecedented levels, leading to a decline in foot traffic at traditional gold stores [1]. - Young consumers are increasingly opting to purchase gold bars from banks and then having them crafted into personalized jewelry, rather than buying from established brands like Chow Tai Fook [3]. - The high gold prices are causing consumers to be more cautious, with many potential investors stepping back from the market [4]. Group 2: Consumer Behavior - Younger consumers view gold not just as an investment but as a fashion accessory that reflects their personal style, leading to a shift in purchasing priorities [3][4]. - There is a growing demand for personalized and cost-effective gold jewelry among consumers, which traditional gold retailers are struggling to meet [4][6]. Group 3: Challenges and Opportunities for Retailers - Traditional gold retailers must reassess their market positioning and business strategies to adapt to changing consumer preferences [4][5]. - Retailers are encouraged to innovate by collaborating with designers to create unique gold jewelry, offering customization services, and utilizing a hybrid sales model to enhance brand visibility [6][7]. - The current market transformation presents both challenges and opportunities for gold retailers, who must evolve to remain competitive [5][7].

证券代码：002345 证券简称：潮宏基 广东潮宏基实业股份有限公司投资者关系活动记录表 编号：20260115 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 □ 一对一沟通 □其他 参与单位名称 及人员姓名 长城证券、东北证券、光大证券、华福证券、广发基金 等机构共 7 人 时间 2026 年 1 月 15 日 地点 公司总部 上市公司接待 人员 公司董事会秘书 林育昊 证券事务代表 江佳娜 投资者关系活 动主要内容介 绍 一、 参观企业展厅、臻宝博物馆 二、 参观潮宏基珠宝门店、「臻ZHEN」体验馆 三、 问答环节： 各方就公司业绩预告情况、开店情况、海外门店情况、产 品结构变化、新品规划、电商业务、女包业务等内容进行了交 流，可参阅公司已披露公告、互动平台问答和前次活动记录表 之问答。 交流过程中严格按照有关制度规定，没有出现未公开重大 信息泄露等情况。 | 附件清单 | 无 | | | | | | --- | --- | --- | --- | --- | --- | | 日期 | 2026 | 年 | 月 1 | 15 | 日 ...