看好的方向上，稀土、内需、自主可控等或有短期催化。中期来看，科技革命仍是最大的主线。慢牛行情中，资金仍有望重新聚 焦景气成长和未来产业投资。 | | | 一周策略前瞻 | | | --- | --- | --- | --- | | 券商/分析师 | 结论 | 逻辑 | 关注板块 | | | | 国利益的利器,同时也代表着对全球化时代 | | | | | 全球化逆转的时期,即便是低附加值的工业 品也可以成为国家撬动地缘话语权和保障本 | | | | | 传统分配机制的一种修正和平衡,传统工业 | | | | | 品只要供应管控得当,也应该享有溢价。当 | | | | | 一国对全球供应有足够影响力时,理应将份 | | | | | 额优势转化为全球定价权和利润,以避免本 | | | | 传统制造业的机会。 | 国优质资源被贱卖、优质工业产能被浪费, | | | 中信策略 | | 同时补贴居民部门，提高工资水平和社会保 | 考虑到短期利润兑现、中期景气回升和 | | | 每轮意外的市场波动,往往是新的 | 障水平,完善内部循环。全球范围内,非科 | 长期叙事逻辑的平衡,当前仍然主要关 | | 禁翔 | 变化和线索转 ...

天眼查App显示，近日，义乌市依尔饰品有限公司成立，法定代表人为叶恒，注册资本5万人民币，经 营范围为一般项目：珠宝首饰批发；技术进出口；货物进出口；五金产品批发；体育用品及器材批发； 针纺织品销售；箱包销售；文具用品批发；鞋帽批发；工艺美术品及收藏品批发（象牙及其制品除 外）；服装服饰批发；日用百货销售；珠宝首饰零售；互联网销售（除销售需要许可的商品）（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）。 ...

证券之星消息，10月10日饰品板块较上一交易日下跌0.86%，ST新华锦领跌。当日上证指数报收于 3897.03，下跌0.94%。深证成指报收于13355.42，下跌2.7%。饰品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) | | --- | --- | --- | --- | --- | --- | | 000017 | 深中华A | 7.11 | 3.19% | 46.35万 | 3.24亿 | | 600439 | 瑞贝卡 | 2.85 | 1.42% | 20.92万 | 5978.09万 | | 002345 | 潮宏基 | 14.41 | 1.05% | 14.82万 | 2.14亿 | | 002867 | 周大生 | 13.63 | 0.74% | 10.90万 | 1.48亿 | | 000026 | 飞亚达 | 16.45 | 0.30% | 4.09万 | 6741.01万 | | 605599 | 菜自股份 | 14.54 | 0.28% | 6.89万 | 9982.13万 | | 600612 | 老凤祥 | 50.28 | ...

证券之星消息，10月9日饰品板块较上一交易日上涨1.47%，曼卡龙领涨。当日上证指数报收于3933.97， 上涨1.32%。深证成指报收于13725.56，上涨1.47%。饰品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) | | --- | --- | --- | --- | --- | --- | | 600735 | ST新华锦 | 5.05 | -5.08% | 3371.0 | 170.24万 | | 600439 | 瑞贝卡 | 2.81 | -1.06% | 22.19万 | 6226.95万 | | 002345 | 潮宏基 | 14.26 | -0.21% | - 20.75万 | 2.98亿 | | 301177 | 迪阿股份 | 33.80 | -0.18% | 2.70万 | 9187.98万 | | 002867 | 周大生 | 13.53 | 0.22% | 12.95万 | 1.75亿 | | 000026 | 飞亚达 | 16.40 | 0.49% | 4.31万 | 7042.30万 | | 600612 | 老凤祥 | ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002731 | 萃华珠宝 | 12.44 | 1.30% | 4.66万 | 5799.25万 | | 002721 | 金一文化 | 3.51 | 1.15% | 41.67万 | 1.46亿 | | 600916 | 中国黄金 | 8.38 | 1.09% | 30.83万 | 2.58亿 | | 603900 | 莱细通灵 | 10.28 | 0.98% | 9.95万 | 1.02亿 | | 002574 | 明牌珠宝 | 5.63 | 0.90% | 7.83万 | 4415.72万 | | 002345 | 潮宏基 | 14.29 | 0.85% | 12.85万 | 1.84亿 | | 665509 | 菜自股份 | 14.09 | 0.79% | 3.87万 | 5453.88万 | | 000026 | 飞亚达 | 16.32 | 0.31% | 3.47万 | 5673.12万 | | 600612 | 老凤祥 | 50.08 ...

Market Overview - The jewelry sector experienced a decline of 0.35% on September 29, with Chao Hong Ji leading the drop [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Individual Stock Performance - Notable gainers included: - Zhou Dazheng (002867) with a closing price of 13.59, up 1.19% [1] - Diya Co. (301177) at 33.88, up 0.92% [1] - Shenhua A (000017) at 6.59, up 0.61% [1] - Chao Hong Ji (002345) was the biggest loser, closing at 14.17, down 5.28% [2] - Other notable declines included: - Rebecca (600439) down 1.38% [2] - Feiya (000026) down 0.91% [2] Trading Volume and Capital Flow - The jewelry sector saw a net outflow of 87.86 million yuan from institutional investors, while retail investors had a net inflow of 86.38 million yuan [2] - The total trading volume for the jewelry sector was significant, with Zhou Dazheng achieving a volume of 78,200 hands and a transaction value of 105 million yuan [1] Capital Flow Analysis - Major net inflows were observed in: - Zhou Dazheng with a net inflow of 11.85 million yuan from institutional investors [3] - China Gold (600916) with a net inflow of 11.10 million yuan [3] - Significant net outflows were noted for: - Chao Hong Ji with a net outflow of 44.72 million yuan from institutional investors [3] - Rebecca with a net outflow of 4.47 million yuan [3]

Traditional Dividend Assets - White appliances' cash flow ratio decreased to 26% in Q2 2025, primarily due to increased allocation of financial assets impacting cash flow space[11] - The cash flow ratio for liquor reached 55% in Q2 2025, with a reduction in the allocation of financial assets compared to previous quarters[19] Cash Flow Improvement Assets - Black appliances' cash flow ratio was 24% in Q2 2025, with capital expenditure reduced to a historical low of 0.7, indicating a potential shift to a new high expenditure cycle[24] - Lighting equipment's cash flow ratio improved to 31% in Q2 2025, as financial asset allocation decreased, allowing cash flow to return to positive[33] - Beauty care's cash flow ratio was 47% in Q2 2025, driven by reduced capital expenditure, which fell to a historical low of 1.4[39] Stable Cash Flow Assets - Textile manufacturing maintained a cash flow ratio of 21% in Q2 2025, with stable cash flow generation since 2022[47] - The apparel and home textile sector achieved a cash flow ratio of 52% in Q2 2025, entering a phase of stable cash flow generation due to reduced capital expenditure[51] Assets Under Pressure - Traditional Chinese medicine and beverage sectors are under pressure, with profitability not showing signs of improvement, particularly in the context of centralized procurement affecting traditional Chinese medicine[3] - The non-liquor beverage sector, including beer and wine, continues to face challenges, with profitability remaining under pressure[3]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002345 | 潮宏基 | 14.96 | 1.01% | 11.38万 | 1.70亿 | | 300945 | 曼卡龙 | 66.61 | 1.01% | 15.97万 | - 3.23 Z | | 002731 | 幸华珠宝 | 12.22 | 0.58% | 5.00万 | 6120.34万 | | 665569 | 菜自股份 | 13.96 | 0.50% | 2.67万 | 3723.23万 | | 002574 | 明牌珠宝 | 5.56 | 0.18% | 6.50万 | 3614.64万 | | 600612 | XD老凤祥 | 50.07 | 0.06% | 2.05万 | 1.02亿 | | 600916 | 中国黄金 | 8.25 | 0.00% | 14.78万 | 1.22亿 | | 002867 | 周大生 | 13.43 | -0.07% | 4.17万 | 5600.81万 | | 600439 | 瑞贝卡 | ...

证券之星消息，9月25日饰品板块较上一交易日下跌2.41%，新华锦领跌。当日上证指数报收于3853.3， 下跌0.01%。深证成指报收于13445.9，上涨0.67%。饰品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) | | | --- | --- | --- | --- | --- | --- | --- | | 000026 | 飞亚达 | 16.56 | 0.30% | 6.67万 | | 1.11亿 | | 301177 | 迪阿股份 | 33.94 | -0.88% | 1.50万 | | 5116.37万 | | 600916 | 中国黄金 | 8.25 | -1.55% | 27.45万 | | 2.27亿 | | 000017 | 深中华A | 6.62 | -1.63% | 13.29万 | | 8808.03万 | | 002721 | 金一文化 | 3.49 | -1.69% | 45.08万 | | 1.58亿 | | 600612 | 老凤祥 | 50.37 | -1.91% | 3.71万 | | 1.88亿 | | 6655 ...

Market Overview - On September 24, the jewelry sector declined by 0.39%, with Lai Shen Tong Ling leading the drop [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Individual Stock Performance - Notable gainers included: - Shen Zhonghua A: closed at 6.73, up 1.97% with a trading volume of 156,300 shares and a turnover of 105 million yuan [1] - Chao Hong Ji: closed at 15.73, up 1.94% with a trading volume of 178,400 shares and a turnover of 282 million yuan [1] - Di A Shares: closed at 34.24, up 1.87% with a trading volume of 19,700 shares and a turnover of 66.94 million yuan [1] - Notable decliners included: - Lai Shen Tong Ling: closed at 10.60, down 2.75% with a trading volume of 128,700 shares and a turnover of 137 million yuan [2] - Xin Hua Jin: closed at 6.12, down 1.77% with a trading volume of 669,400 shares and a turnover of 421 million yuan [2] Capital Flow Analysis - The jewelry sector experienced a net outflow of 126 million yuan from institutional investors, while retail investors saw a net inflow of 1.29 billion yuan [2][3] - Key stocks with significant capital flow: - Shen Zhonghua A: net inflow of 6.08 million yuan from institutional investors, but a net outflow of 5.46 million yuan from retail investors [3] - Ming Pai Jewelry: net inflow of 5.43 million yuan from institutional investors, but a net outflow of 4.11 million yuan from retail investors [3] - Lai Shen Tong Ling: net outflow of 8.88 million yuan from institutional investors, with a net inflow of 15.22 million yuan from retail investors [3]