以下文章来源于盐财经 ，作者莫奈 盐财经 . 洞察趋势，睿智人生。《南风窗》旗下专业财经媒体。 杰我睿爆雷，百亿资金难兑付。 文 ｜ 莫奈 编辑 ｜ 江江 来源｜ 盐财经（ID：nfc-yancaijing） 封面来源 ｜ IC Photo 人人都知道，黄金涨疯了。 不少人正在网络上分享着赚得盆满钵满的喜悦之情。照理说，作为全国最大的黄金珠宝集散市场，水贝也理应迎来一片火热的交易气氛。 但2026年1月下旬，在黄金牛市背景下，一个名叫"杰我睿"平台的"爆雷"，让无数投资者心急如焚。 2026年1月下旬，不少用户发现，用于黄金回收、交易的深圳市杰我睿珠宝有限公司（以下简称"杰我睿"）的线上平台，突然无法提现。这些来自全国 各地的投资者纷纷来到其水贝的门店前，然而，店里已经人去楼空。 还有人评论说，"买了好几年的首饰和金条，都到手了没问题才信任的"。 杰我睿出事的消息，让不少人吓了一跳。但从事后来看，这是一场有铺垫有预谋的"金融骗局"。 这里面包括投资者叶心。2024年，叶心从网上了解到这个平台。她告诉盐财经，最初，她谨慎观望了几个月，后来加入进去，"我没有参加空约交易，只 是想买黄金，爆雷前，我买的黄金没有踩雷 ...

黄金依然是黄金，但当人们赋予它不切实际的幻梦时，悲剧便可能悄然埋下伏笔。每一次类似状况的崩盘，都是对理性与常识的一次呼唤 这几天，黄金市场不太平静。1月31日红星资本局消息，黄金最高跌超12%，遭遇40年来单日最大跌幅。现货黄金最终收跌9.52%，报4865美元/盎司。 如此形势下，深圳水贝黄金市场里，有人获利了结，有人逢低布局，正常买卖如常上演。然而，同在深圳水贝的一家珠宝公司楼下，一群人则在寒风里彻 夜守候，他们账户内的黄金和现金面临无法提取、难以兑付的冰冷现实。他们的故事，指向了深圳市杰我睿珠宝有限公司。 与此同时，等待杰我睿打款的用户还有几万人，他们是击鼓传花游戏的最后接棒者吗？其实这并非是一个公平的投资市场，而是一个规则倾斜的赌局。杰 我睿的盈利模式与用户普遍"看涨"的期望存在根本冲突。如果金价大涨，作为对赌对手盘的杰我睿需要支付巨额差价，其资金链必然承压，直至断裂。 深入审视，杰我睿的模式如同一张试纸，验出了人性中一些未被理性约束的弱点。首先是"短视投机"，受"20元定金博1克黄金"等高杠杆诱惑，追逐快速 暴利。此外还轻信该公司"稳赚不赔"的宣传，将黄金的长期牛市误解为在特定平台上套利的无风险保证 ...

Core Viewpoint - The recent nomination of Walsh as the Federal Reserve Chair by Trump has triggered a significant sell-off in precious metals, leading to a market loss of $5 trillion in just two days, with gold prices plummeting by 10% and silver by 37% [1] Group 1: Market Dynamics - The market for precious metals was already showing signs of being overcrowded, with record levels of bullish positions and extreme leverage, making it susceptible to a "gamma squeeze" [3] - The dollar index experienced its largest single-day increase since May, negatively impacting investors who were shorting the dollar [4] - A significant amount of capital has rapidly flowed through the markets, leaving little room for error in positioning, which could lead to sharp declines [5] Group 2: Overcrowded Trades - A Bank of America survey indicated that being long on gold was the most crowded trade globally, with gold prices exceeding long-term trend lines by 44%, a level not seen since 1980 [8] - The dollar has faced selling pressure for three consecutive months, marking its worst start to the year in eight years, while also reaching its lowest level against other currencies since July 2022 [9] Group 3: Broader Market Implications - The collapse in precious metals serves as a warning for other crowded trades that have remained stable [16] - The MSCI Emerging Markets Index has outperformed the S&P 500 Index to an extent not seen since 2022, while momentum stocks in the U.S. have recently faced corrections [12] - The Russell 2000 Index, after outperforming the S&P 500 for 14 consecutive trading days, has underperformed in the last six days [14] Group 4: Investor Sentiment and Strategy - The recent market volatility has raised questions about the viability of contrarian investors in a momentum-driven market [17] - Some investors, like Rich Weiss, have maintained a contrarian stance despite unfavorable trends, believing that growing profits will allow U.S. companies to outperform their international counterparts [18] - Despite the downturn in gold prices, some investors are hesitant to exit their positions too early, fearing they might miss out on future opportunities if prices rebound [20]

Group 1 - Sora's mobile downloads have dropped by 45% month-on-month, with consumer spending decreasing by 32% to $367,000, indicating a significant user loss after previously reaching the top of the App Store [1] - Ideal Auto has restructured its R&D organization, creating new teams for humanoid robots and software, with many autonomous driving employees moving to the base model team [3] - Wang Xingxing from Yushu Technology stated that the company that successfully develops large models for robots will be the leading AI and robotics company globally [3] Group 2 - Nvidia's proposed $100 billion investment in OpenAI is reportedly stalled due to internal doubts, despite initial expectations for a swift agreement [5] - Tencent has recruited young AI talent, with scientist Pang Tianyu joining to explore advanced reinforcement learning algorithms [6] - Kimi K2.5 has quickly become one of the top three models globally in terms of usage, significantly increasing Kimi's overseas revenue and user base [8] Group 3 - CATL's sodium battery brand "Sodium New" is set to enter passenger vehicle testing, with models from various manufacturers participating [8] - Apple is prioritizing the production of high-end iPhone models for 2026, delaying standard versions to optimize resource allocation amid rising memory chip prices [8] - Apple's Q1 2026 revenue reached a record $143.76 billion, with a 38% growth in the Greater China region, and a 23% increase in iPhone revenue [9] Group 4 - The Norwegian Sovereign Wealth Fund is projected to earn nearly $246.5 billion in 2025, with a 15.1% annual return driven by strong performance in technology and financial sectors [18] - Omdia forecasts that global smartphone shipments will reach 1.25 billion units in 2025, the highest since 2021, with Apple expected to maintain its position as the largest smartphone manufacturer [18] - Meta's Ray-Ban Display smart glasses component orders have been revised upward, predicting a significant increase in global AR glasses shipments in 2026 [18]

登录新浪财经APP 搜索【信披】查看更多考评等级 中粮资本控股股份有限公司（以下简称"公司"）本次业绩预告相关财务数据未经注册会计师审计，但公 司已就业绩预告有关事项与会计师事务所进行了初步沟通，双方在业绩预告方面不存在重大分歧。 股票代码：002423 股票简称：中粮资本 公告编号：2026-004 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。 一、本期业绩预计情况 1、业绩预告期间：2025年1月1日至2025年12月31日。 2、业绩预告情况：预计净利润为正值且属于同向下降50%以上情形。 单位：万元 二、与会计师事务所沟通情况 2026年1月31日 三、业绩变动原因说明 2020年12月19日，财政部发布了《企业会计准则第25号——保险合同》（财会〔2020〕20号），要求在 境内外同时上市的企业以及在境外上市并采用国际财务报告准则或企业会计准则编制财务报表的企业， 自2023年1月1日起执行；其他执行企业会计准则的企业自2026年1月1日起执行。同时，允许企业提前执 行。 根据国家统一会计制度要求及公司经营发展要求，公司于2025年1月1日变更与保 ...

经济观察网中粮资本（002423）公告，预计2025年度净利润为10.3亿元-11.8亿元，同比下降 53.72%-59.60%。因2025年债券利率波动趋于平稳、投资标的股票投资分红节奏变化等因素影响，公司 投资业务利润贡献同比减少，导致公司2025年度归母净利润出现同比下降50%以上情形。 ...

格隆汇1月30日丨祈福生活服务(03686.HK)公告，集团通过动用部分白银出售事项所得款项：(i)于2026 年1月29日(下午四时三十分後，及于伦敦黄金市场交易时段内)，透过该银行下达指令购买额外670安士 未分配金条(即第三次投资)，对价总额约为2730万港元(即人民币2440万元)，而有关指令已于同日进行 配对；及(ii)于2026年1月30日(直至下午四时三十分)，透过该银行下达指令购买额外460安士未分配金条 (即第四次投资)，对价约为1890万港元(即人民币1690万元)，而有关指令已于同日进行配对。 ...

Core Viewpoint - The company expects a significant decline in net profit for the fiscal year ending December 31, 2025, projecting at least HKD 100 million, compared to approximately HKD 223 million for the corresponding period in 2024 [1] Financial Performance - The anticipated drop in net profit for fiscal year 2025 is primarily attributed to a decrease in net investment income, expected to be at least HKD 60 million, down from approximately HKD 436.5 million in the corresponding period [1] - The impact of reduced investment income is expected to be partially offset by a decrease in employee costs and related expenses compared to the corresponding period, as well as a reversal of financial asset impairments, which amounted to approximately HKD 39.2 million in the previous period [1]

Core Viewpoint - Jiuan Medical (002432.SZ) is expected to achieve a net profit of 2.02 billion to 2.35 billion yuan in 2025, representing a year-on-year growth of 21.05% to 40.83% primarily driven by strong performance in asset management business [1][13]. Financial Performance - For the first three quarters of 2025, Jiuan Medical reported revenue of 1.069 billion yuan, but net profit reached 1.589 billion yuan, with total operating costs exceeding revenue at 1.276 billion yuan [3][15]. - Investment income for the same period was 562 million yuan, and fair value changes contributed 1.251 billion yuan, totaling over 1.8 billion yuan in income from these sources [3][15]. - The company’s net profit attributable to shareholders is projected to grow by 21.05% to 40.83% compared to the previous year [2][14]. Asset Management - As of the end of Q3 2025, Jiuan Medical held trading financial assets worth 10.362 billion yuan, primarily in wealth management products, along with fixed-income securities and equity investments totaling 13.877 billion yuan [4][16]. - The total assets under management reached 24.122 billion yuan, indicating a significant contribution from asset management to overall profitability [5][18]. Product Performance - The iHealth product line, which includes smart medical devices, has seen a significant decline in revenue, with a 50% drop in the first half of 2025 compared to the previous year [8][21]. - Overall revenue from the iHealth series decreased by 49% in the first three quarters of 2025 [9][20]. Market Position - Jiuan Medical's price-to-book (PB) ratio is currently at 0.89, indicating it is trading below its book value [11][23]. - The company has substantial cash-like assets totaling 27.6 billion yuan, with short-term borrowings of only 2.334 billion yuan, suggesting a strong liquidity position [11][23].

Core Viewpoint - The surge in gold prices, driven by geopolitical conflicts, the impact on the dollar-centric system, and uncertainties from the Trump 2.0 policies, has made gold the dominant asset in financial markets, with prices reaching unprecedented levels [1][25]. Market Dynamics - On January 29, international gold prices approached $5,600 per ounce, with a daily increase of over 2.23%, marking a year-to-date increase of over 27% [2][1]. - Consumers are flocking to gold stores, with wait times for gold buyback reaching two hours, and many banks reporting shortages of physical gold [11][10]. Consumer Behavior - The traditional investment philosophy of "buying high" has attracted many investors, leading to increased foot traffic in gold stores, particularly in Beijing and Shenzhen [3][5]. - In Beijing's flagship gold store, the price of investment gold reached 1,240.90 yuan per gram, while gold jewelry prices surged to 1,622 yuan per gram [3][5]. Supply Chain Impact - The gold price increase has created a disparity in the gold supply chain, benefiting upstream miners while negatively impacting midstream and downstream businesses [14][15]. - Upstream mining companies like Zijin Mining and Chifeng Jilong Gold are reporting significant profit increases due to higher gold prices, with net profit forecasts showing growth of 59%-62% [14]. Investment Trends - The gold investment sector is experiencing a boom, with many gold stocks hitting consecutive daily limits, and gold-themed ETFs seeing substantial inflows [18][19]. - As of January 29, several gold ETFs reported transaction volumes exceeding 10 billion yuan, reflecting heightened investor interest [18]. Risk and Strategy - Experts advise against blindly chasing high gold prices, suggesting that investors should consider risk management and asset allocation strategies [27][28]. - The current market environment indicates that while gold serves as a hedge against inflation and uncertainty, its price volatility necessitates a cautious approach to investment [24][28].