Market Overview - On August 7, the professional chain sector experienced a slight decline of 0.06%, with Huazhi Wine leading the drop [1] - The Shanghai Composite Index closed at 3639.67, up 0.16%, while the Shenzhen Component Index closed at 11157.94, down 0.18% [1] Individual Stock Performance - Jifeng Technology (300022) closed at 8.84, up 0.80% with a trading volume of 175,800 shares and a transaction value of 1.55 billion [1] - Aiyingshi (603214) closed at 66.61, up 0.41% with a trading volume of 116,100 shares and a transaction value of 2.29 billion [1] - Haiziwang (301078) closed at 12.93, up 0.39% with a trading volume of 670,300 shares and a transaction value of 8.69 billion [1] - Tianyin Holdings (000829) closed at 10.32, up 0.19% with a trading volume of 193,500 shares and a transaction value of 201 million [1] - Doctor's Glasses (300622) closed at 33.76, up 0.09% with a trading volume of 100,200 shares and a transaction value of 340 million [1] - Aishide (002416) closed at 12.32, down 0.56% with a trading volume of 171,100 shares and a transaction value of 212 million [1] - Huazhi Wine (300755) closed at 18.02, down 1.15% with a trading volume of 32,300 shares and a transaction value of 58.54 million [1] Fund Flow Analysis - The professional chain sector saw a net outflow of 22.22 million from main funds, while retail investors contributed a net inflow of 25.35 million [1] - The detailed fund flow for individual stocks shows that Haiziwang had a main fund net inflow of 14.32 million, while Huazhi Wine experienced a significant outflow of 9.48 million from main funds [2] - Aiyingshi had a net inflow of 8.73 million from main funds, but saw a net outflow of 1.48 million from speculative funds [2]

专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 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！ 财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股CFO数据报告》显示，2024年A股上市 公司财务总监CFO群体薪酬规模合计达42.70亿元，平均年薪为81.48万元。 其中，华致酒行2024年营业收入为94.64亿元，同比下降6.49%；归母净利润为4444.59万元，同比下降 81.11%；扣非归母净利润为2517.35万元，同比下降85.97%。纵使如此，公司依旧为CFO胡亮锋支付139 万的高额年薪。 孩子王CFO蔡博106万元，位居行业第二。我们可以看到，孩子王近三年净资产收益率均低于7%，2024 年，公司加权平均净资产收益率为5.22%。 责任编辑：公司观察 着年报披露收官，专业连锁行业（申万二级分类）上市公司CFO薪酬面纱也被揭开。据数据统计，专业 连锁行业上市公司为CFO支付的最高年度薪酬是华致酒行，为CFO胡亮锋支付年薪139万元；为CFO支 付的最低年度薪酬是孩子王，为CFO蔡博支付年薪106万元。 ...

Core Insights - The professional chain sector experienced a 0.48% increase on August 5, with Jifeng Technology leading the gains [1] - The Shanghai Composite Index closed at 3617.6, up 0.96%, while the Shenzhen Component Index closed at 11106.96, up 0.59% [1] Sector Performance - Jifeng Technology (300022) closed at 8.91, with a rise of 3.60% and a trading volume of 236,400 shares, amounting to a transaction value of 207 million yuan [1] - Tianyin Holdings (000829) closed at 10.29, up 1.18%, with a trading volume of 164,500 shares [1] - Huazhi Wine (300755) closed at 18.13, with a slight increase of 0.28% [1] - Doctor Glasses (300622) closed at 33.48, up 0.12% [1] - Yanshidi (002416) closed at 12.32, with a minimal increase of 0.08% [1] - Kids Wang (301078) remained unchanged at 12.78 [1] - Aiying Room (603214) closed at 19.30, down 0.82% [1] Capital Flow Analysis - The professional chain sector saw a net outflow of 92.3351 million yuan from institutional investors, while retail investors contributed a net inflow of 95.8955 million yuan [1] - Jifeng Technology experienced a net outflow of 13.3086 million yuan from institutional investors, with retail investors contributing a net inflow of 474.21 thousand yuan [2] - Huazhi Wine had a net outflow of 1.205 million yuan from institutional investors, but a net inflow of 168.09 thousand yuan from retail investors [2] - Doctor Glasses saw a significant net outflow of 14.3959 million yuan from institutional investors, while retail investors contributed a net inflow of 1.44888 million yuan [2] - Aiying Room experienced a net outflow of 30.6671 million yuan from institutional investors, with a substantial net inflow of 29.8286 million yuan from retail investors [2]

证券之星消息，8月4日专业连锁板块较上一交易日下跌1.1%，孩子王领跌。当日上证指数报收于 3583.31，上涨0.66%。深证成指报收于11041.56，上涨0.46%。专业连锁板块个股涨跌见下表： | 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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603214 | 爱零室 | = 163.01万 | 0.71% | -1476.71万 | -6.47% | 1313.70万 | 5.76% | | 300022 | 吉峰科技 | 152.50万 | 1.20% | 399.66万 | 3.14% | -552.15万 | -4.33% | | 300755 华致酒行 | | -391.00万 | -7.78% | -92.80万 | -1.85% | - 483.80万 | 9.63% | | 000829 天音控股 | | -716.91万 | -6.99% | 300.73万 | 2.93% | 416.1 ...

证券之星消息，8月1日专业连锁板块较上一交易日下跌0.66%，爱婴室领跌。当日上证指数报收于 3559.95，下跌0.37%。深证成指报收于10991.32，下跌0.17%。专业连锁板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300022 | 吉峰科技 | 8.47 | 2.05% | 22.61万 | 1.93 Z | | 300755 | 华致酒行 | 18.17 | -0.16% | 3.46万 | 6293.53万 | | 000829 | 天音控股 | 10.15 | -0.39% | 12.06万 | 1.22亿 | | 002416 | 爰施德 | 12.42 | -0.80% | 18.13万 | 2.26亿 | | 300622 | 博士眼镜 | 33.17 | -0.99% | 6.70万 | 2.23亿 | | 301078 | 孩子王 | 13.25 | -1.19% | 82.49万 | 11.05亿 | | 603214 | 爱歌客 | 19 ...

证券之星消息，7月31日专业连锁板块较上一交易日下跌2.06%，爱婴室领跌。当日上证指数报收于 3573.21，下跌1.18%。深证成指报收于11009.77，下跌1.73%。专业连锁板块个股涨跌见下表： 从资金流向上来看，当日专业连锁板块主力资金净流出2.0亿元，游资资金净流入4682.17万元，散户资金 净流入1.53亿元。专业连锁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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300622 博士眼镜 | | 1282.50万 | 4.86% | -1219.20万 | -4.62% | -63.29万 | -0.24% | | 000829 天音控股 | | 970.88万 | 4.96% | 121.12万 | 0.62% | -1091.99万 | -5.58% | | 300022 吉峰科技 | | -31.01万 | -0.25% | 797.26万 | 6.50% | - ...

证券之星消息，7月30日专业连锁板块较上一交易日上涨1.12%，爱婴室领涨。当日上证指数报收于 3615.72，上涨0.17%。深证成指报收于11203.03，下跌0.77%。专业连锁板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日专业连锁板块主力资金净流出1.14亿元，游资资金净流出1537.8万元，散户资金 净流入1.29亿元。专业连锁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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002416 | 爰施德 | 3591.67万 | 6.73% | -638.60万 | -1.20% | -2953.07万 | -5.53% | | 000829 | 天音控股 | 12.27万 | 0.09% | -240.34万 | -1.69% | 228.07万 | 1.60 ...

Market Overview - On July 29, the professional chain sector increased by 0.64% compared to the previous trading day, with Aiying Room leading the gains [1] - The Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] Stock Performance - Aiying Room (603214) closed at 20.74, with a rise of 2.62% and a trading volume of 403,500 shares, amounting to a transaction value of 877 million yuan [1] - Kid King (301078) closed at 13.69, up 2.24%, with a trading volume of 2,556,800 shares [1] - Aishide (002416) closed at 12.34, up 1.15%, with a trading volume of 264,600 shares [1] - Tianyin Holdings (000829) remained unchanged at 10.27, with a trading volume of 147,000 shares [1] - Huazhi Wine (300755) closed at 18.80, down 0.90%, with a trading volume of 86,100 shares [1] - Jifeng Technology (300022) closed at 8.37, down 0.95%, with a trading volume of 200,800 shares [1] - Doctor's Glasses (300622) closed at 33.78, down 2.06%, with a trading volume of 108,600 shares [1] Fund Flow Analysis - The professional chain sector experienced a net outflow of 1.069 billion yuan from institutional investors, while retail investors saw a net inflow of 759 million yuan [1] - The detailed fund flow for individual stocks shows that: - Huazhi Wine had a net inflow of 2.99 million yuan from institutional investors, but a net outflow of 7.66 million yuan from speculative funds [2] - Aishide experienced a net outflow of 5.39 million yuan from institutional investors, with a net inflow of 5.76 million yuan from speculative funds [2] - Tianyin Holdings had a net outflow of 12.15 million yuan from institutional investors, with a net inflow of 3.25 million yuan from speculative funds [2] - Jifeng Technology saw a net outflow of 24.12 million yuan from institutional investors, with a net inflow of 6.40 million yuan from speculative funds [2] - Doctor's Glasses had a significant net outflow of 56.60 million yuan from institutional investors, while retail investors contributed a net inflow of 78.18 million yuan [2] - Aiying Room faced a net outflow of 104 million yuan from institutional investors, with a net inflow of 87.44 million yuan from retail investors [2] - Kid King had a net outflow of 870 million yuan from institutional investors, with a substantial net inflow of 307 million yuan from speculative funds [2]

Investment Rating - The investment rating for the company is "Buy" (maintained) [7] Core Insights - The company reported a revenue of 4.427 billion yuan for Q1 2025, representing a year-on-year increase of 18.9%, slightly exceeding Bloomberg consensus expectations, driven by improvements in same-store sales domestically and continued rapid growth overseas [1] - The adjusted net profit for Q1 2025 was 587 million yuan, a year-on-year decrease of 4.8%, falling short of Bloomberg consensus expectations of 661 million yuan, primarily due to ongoing overseas store expansion and increased financial expenses [1] - Domestic revenue for MINISO reached 2.494 billion yuan in Q1 2025, up 9.1% year-on-year, with same-store sales showing improvement [2] - Overseas revenue for MINISO was 1.592 billion yuan in Q1 2025, reflecting a year-on-year increase of 30.3%, although growth rates slowed due to high base effects [3] - TOP TOY achieved domestic revenue of 340 million yuan in Q1 2025, marking a year-on-year increase of 58.9% [4] Financial Forecast and Valuation - Revenue projections for the company from 2025 to 2027 are estimated at 20.565 billion yuan, 24.425 billion yuan, and 28.915 billion yuan, respectively, with year-on-year growth rates of 21.0%, 18.8%, and 18.4% [5] - The expected net profit attributable to the parent company for the same period is projected to be 2.737 billion yuan, 3.332 billion yuan, and 4.152 billion yuan, with corresponding year-on-year growth rates of 4.6%, 21.8%, and 24.6% [5] - The price-to-earnings (P/E) ratios for the years 2025, 2026, and 2027 are estimated to be 14.7x, 12.0x, and 9.7x, respectively [5]

Investment Rating - The investment rating for the company is "Buy" [6] Core Insights - The company reported a total revenue of 27.01 billion, a year-on-year decrease of 6.6%, with a gross margin of 38.4%, down 3.4 percentage points due to inventory clearance and increased promotional efforts [1] - The company achieved a cash dividend ratio of 135%, significantly exceeding expectations, benefiting from proactive inventory management [2] - The company maintains strong partnerships with major brands like Nike and Adidas, with expectations for improvements in the new fiscal year following management changes at Nike [3][4] Financial Summary - For FY2025, the company expects revenue to decline by 6.64% to 27.01 billion, with a projected recovery starting in FY2026 with a revenue increase of 3.82% [5] - The forecasted net profit for FY2026 is expected to rise by 36.03% to 1.75 billion, with further growth projected in subsequent years [5] - The company’s cash flow from operations increased by 20% year-on-year to 3.76 billion, indicating healthy cash flow management [2]