天眼查显示，近日，深圳市西脉贵金属有限公司成立，法定代表人为丰光美，注册资本200万人民币， 由内蒙古西脉资源有限公司全资持股。 序号股东名称持股比例1内蒙古西脉资源有限公司100% 经营范围含一般经营项目是：珠宝首饰零售；金银制品销售；工艺美术品及礼仪用品销售（象牙及其制 品除外）；珠宝首饰批发；工艺美术品及收藏品批发（象牙及其制品除外）；珠宝首饰制造；珠宝首饰 回收修理服务；工艺美术品及礼仪用品制造（象牙及其制品除外）；贵金属冶炼；酒店管理；市场营销 策划；企业管理咨询；信息咨询服务（不含许可类信息咨询服务）；社会经济咨询服务。（除依法须经 批准的项目外，凭营业执照依法自主开展经营活动），许可经营项目是：无 企业名称深圳市西脉贵金属有限公司法定代表人丰光美注册资本200万人民币国标行业制造业>文教、 工美、体育和娱乐用品制造业>文教办公用品制造地址深圳市罗湖区翠竹街道水贝社区文锦北路2090号 京基水贝城市广场1栋1单元2506企业类型营业期限2025-8-25至无固定期限登记机关 来源：金融界 ...

证券研究报告 | 朝闻国盛 gszqdatemark 2025 08 26 年 月 日 朝闻国盛 近年 9 月交易线索及其相对 8 月变化 今日概览 重磅研报 【策略】近年 9 月交易线索及其相对 8 月变化——20250825 【固定收益】耗煤量季节性上行——基本面高频数据跟踪——20250825 【化工】道氏技术（300409.SZ）-AI for Science 破局研发，固态电池材 料矩阵成型——20250825 研究视点 【社会服务】九华旅游（603199.SH）-业绩持续增长，定增+收购助力 公司长期稳健发展——20250825 【海外】零跑汽车（09863.HK）-半年度扭亏，明年将继续高速成长—— 20250825 【纺织服饰】新澳股份（603889.SH）-业绩表现稳健，期待后续订单修 复——20250825 【有色金属】洛阳钼业（603993.SH）-上半年产量超预期，金矿多元化 布局发力——20250825 【有色金属】中矿资源（002738.SZ）-铜冶炼厂拖累公司业绩，铯铷业 务构筑业绩支撑——20250825 【轻工制造】布鲁可（00325.HK）-扩充客群及性价比产品，加速海外扩 ...

Group 1 - Shanghai Haina Chow Tai Fook Jewelry Co., Ltd. has been established with a registered capital of 8 million RMB [1] - The company is wholly owned by Chow Tai Fook Jewelry Gold Co., Ltd. (Shenzhen) [1] - The business scope includes retail and wholesale of jewelry, sales of gold and silver products, and various consulting and marketing services [1] Group 2 - The legal representative of the company is Huang Shaoji [1] - The company is classified under the manufacturing industry, specifically in the production of cultural, educational, and artistic products [1] - The registered address is located at 9th Floor, No. 583, Lingling Road, Xuhui District, Shanghai [1]

Company Overview - Hunan Sili Yujing Jewelry Co., Ltd. has been established with a registered capital of 2 million RMB [1] - The legal representative is Long Haoxian, and the company is jointly held by Hunan Sili Yujing Digital Technology Co., Ltd. (80%) and Henan Lucky Jewelry Co., Ltd. (20%) [1] Business Scope - The company’s business includes retail and wholesale of jewelry, jewelry recycling and repair services, and sales of arts and crafts (excluding ivory and its products) [1] - It also engages in internet sales (excluding licensed products), art and collectible appraisal services, sales of graphite and carbon products, synthetic materials, internet equipment, and various digital services [1] Industry Classification - The company falls under the manufacturing industry, specifically in the category of cultural, educational, and sports goods manufacturing [1] - The registered address is located in Changsha City, Yuhua District, indicating a strategic position for business operations [1]

Group 1 - The core stock price of Chao Hong Ji (002345) closed at 14.22 yuan on August 1, 2025, down 1.11% with a turnover rate of 1.94% and a trading volume of 168,300 hands, amounting to 239 million yuan [1] - The latest financial report for Chao Hong Ji shows total operating revenue of 2.252 billion yuan for Q1 2025, a year-on-year increase of 25.36%, and a net profit attributable to shareholders of 189 million yuan, up 44.38% year-on-year [1] - The company has a current ratio of 1.887, a quick ratio of 0.487, and a debt-to-asset ratio of 41.56% [1] Group 2 - Chao Hong Ji has made investments in 17 companies and participated in 9 bidding projects, with 177 trademark registrations and 409 patents [2] - The company holds 7 administrative licenses [2]

Group 1: Consumer Price Index (CPI) Analysis - In June, the Consumer Price Index (CPI) in Guangdong decreased by 0.4% year-on-year, maintaining the same decline as in May, and a month-on-month decrease of 0.2%, which is a larger decline than the previous month by 0.1 percentage points [1] - The core CPI, excluding food and energy prices, increased by 0.3% year-on-year, with a decrease in growth rate of 0.1 percentage points compared to the previous month [1] - For the first half of the year, the average CPI in Guangdong decreased by 0.4% compared to the same period last year [1] Group 2: Food and Non-Food Price Trends - In June, food prices in Guangdong fell by 1.0% year-on-year, with the decline expanding by 0.2 percentage points compared to May, contributing approximately 0.20 percentage points to the CPI decrease [2] - Non-food prices also saw a year-on-year decline of 0.3%, consistent with May, impacting the CPI by about 0.21 percentage points [2] - Month-on-month, food prices decreased by 0.1%, contributing approximately 0.02 percentage points to the CPI decline, while non-food prices fell by 0.2%, impacting the CPI by about 0.16 percentage points [3] Group 3: Producer Price Index (PPI) Overview - In June, the Producer Price Index (PPI) in Guangdong decreased by 1.8% year-on-year, with the decline remaining consistent with May, and a month-on-month decrease of 0.3%, which is a larger decline than the previous month by 0.1 percentage points [4] - The average PPI for the first half of the year showed a decrease of 1.3% compared to the same period last year [4] - Among the 38 major industries surveyed, 11 experienced price increases, while 26 saw declines, indicating an industry increase rate of 28.9%, which is an expansion of 2.6 percentage points compared to May [4] Group 4: Industry-Specific Price Movements - Significant price fluctuations were noted in various industries, with the price of educational, cultural, and sports goods manufacturing rising by 10.6%, while black metal mining prices fell by 14.8% [4] - The prices in the petroleum, coal, and other fuel processing industries decreased by 13.1%, and the oil and gas extraction industry saw a decline of 10.1% [4] - The black metal smelting and rolling industry experienced a price drop of 9.5%, and the chemical fiber manufacturing industry saw a decrease of 7.0% [4]

Group 1 - The company announced that some bank accounts and fundraising special accounts of its subsidiaries, Inner Mongolia Mubang New Materials Co., Ltd. and Jiangxi Bangbao Education Technology Co., Ltd., have been frozen [1][2] - The total amount frozen in the company's bank accounts is 124.44 million yuan, with 124.29 million yuan specifically from the fundraising special account [2] - The company has not received any legal documents regarding the freezing and the specific case details remain unclear [1][2] Group 2 - The company will continue to monitor the litigation matter and fulfill its information disclosure obligations as required by relevant laws and regulations [2]

Core Viewpoint - The legal opinion issued by Sundial Law Firm confirms the legality and validity of the procedures, qualifications of attendees, and voting results of the 2024 annual general meeting of Shenzhen Xinlong Health Industry Development Co., Ltd. [1][9] Group 1: Meeting Organization - The annual general meeting was convened by the company's board of directors, with a resolution made on April 21, 2025, to hold the meeting [3] - The notice for the meeting was published on April 23, 2025, and the record date for shareholder registration was set for May 14, 2025 [3][4] Group 2: Meeting Execution - The meeting was conducted using a combination of on-site voting and online voting, with the on-site meeting held on May 20, 2025, at 14:00 in Shenzhen [4] - Online voting was facilitated through the Shenzhen Stock Exchange trading system and internet voting system, with specific time slots for participation [4] Group 3: Attendee Qualifications - A total of 245 shareholders and their proxies attended the meeting, representing 176,993,560 shares, which is 48.0882% of the total voting shares [5] - Among those, 3 shareholders attended the on-site meeting, holding 175,737,560 shares, accounting for 47.7470% of the total voting shares [5] Group 4: Voting Procedures and Results - The voting process adhered to relevant laws and regulations, combining on-site and online voting methods [6] - The voting results showed overwhelming support for the proposals, with approval rates exceeding 99% for most resolutions, indicating strong shareholder backing [6][8]

Group 1: Stock Market Activity - On the institutional leaderboard, 30 stocks were listed, with 16 seeing net purchases and 14 experiencing net sales [1] - The top three stocks with the highest net purchases by institutions were Zhongzhou Special Materials (CNY 345 million), Beingmate (CNY 154 million), and Yifang Bio (CNY 97.38 million) [1][2] Group 2: Pet Economy - The pet economy is experiencing rapid growth, with companies like Tianyuan Pet and Yuanfei Pet showcasing a wide range of products including pet beds, food, and toys [2] - The upcoming 2025 Shanghai Pet Expo is expected to break historical records in terms of attendance and transaction volume, indicating strong market interest [2] - According to a report by Founder Securities, the pet sector's listed companies have shown better-than-expected performance, driven by industry expansion and domestic brand development [3] Group 3: Millet Economy - The millet economy in China is projected to reach a market size of CNY 168.9 billion in 2024, with a year-on-year growth of 41%, and is expected to exceed CNY 200 billion by 2025 [5] - The potential for growth in the millet industry is significant due to the underdeveloped commercial chain for IP development and licensing in China compared to the US and Japan [5] - Guotai Junan highlights that various toy categories, including IP toys, are expected to see explosive growth, making companies with strong IP, product, and channel advantages worth monitoring [5]

Group 1: Financial Performance - In Q1 2025, the total revenue was ¥454,501,448.68, with a net profit of ¥28,024,018.56, representing a significant increase in profitability [4] - For 2024, the company reported a revenue growth of 42.73% compared to 2023, with a net profit increase of 40.65% [10] - The company achieved a net exchange gain of ¥31,779,700, which is an increase of 89.30% year-on-year due to fluctuations in the USD/RMB exchange rate [8] Group 2: Market and Product Development - The company’s overseas business accounts for 98% of total revenue, with 85% of exports directed to the U.S. market [2] - In 2024, sales in the cultural education, arts and crafts, sports, and entertainment products manufacturing sectors grew by 38.80% [2] - The company plans to expand its cross-border e-commerce business into European markets and is currently developing its presence on platforms like TikTok [3] Group 3: Strategic Initiatives - The company aims to implement a "dual circulation" market strategy to reduce reliance on overseas markets while enhancing domestic market presence [8] - In 2025, the company will focus on "internal and external dual circulation, R&D-driven, and ecological symbiosis" as its core strategies [7] - The company plans to invest $18 million in its Southeast Asian production base to enhance its supply chain capabilities [7] Group 4: Competitive Landscape - The company anticipates a 10.33% increase in R&D investment in 2024 to strengthen its innovation capabilities [5] - The cross-border e-commerce business is expected to grow by 81.22% in 2024, accounting for 29.68% of total revenue [5] - The company is addressing competitive pressures by building a three-pronged development system of R&D, manufacturing, and market expansion [5] Group 5: Industry Context - In 2024, the overall revenue for large-scale cultural and sports goods manufacturing enterprises reached ¥315.3 billion, with a year-on-year growth of over 4% [9] - The sports goods manufacturing sector achieved a revenue of ¥134.6 billion, reflecting a 10% increase year-on-year [9] - The export value for the cultural and sports goods industry was $65.278 billion, marking a 3.23% increase compared to the previous year [9]