双方将共同依托各自优势，构建更便捷、透明、安全的黄金流通闭环，提升消费者信任度与体验感。在高端金制品定制与精深加工领域，百镒金业的精细化 制造标准将与中深亿金的智能制造能力相结合，致力于提升产品精度、工艺复杂度与个性化定制水平，服务于高端客户与特定行业需求。 与中深亿金的战略携手，是百镒金业深化产业布局、强化核心竞争力的关键一步。中深亿金在技术创新与智能制造方面的卓越实力，将极大赋能百镒金业的 产品力与服务力。此次合作不仅是资源的整合，更是理念与愿景的融合，双方都期待共同打造引领市场需求的标杆性产品与服务，为贵金属行业的繁荣发展 注入澎湃新动力。 本次百镒金业与中深亿金的全面战略合作，标志着双方在构建贵金属产业新生态、引领行业高质量发展道路上迈出了坚实一步。未来，双方将持续深化合作 内涵，以创新为驱动，以品质为基石，以客户为中心，共同书写贵金属产业融合创新的辉煌篇章。(周通) 7月4日，百镒金业有限公司与国内领军黄金珠宝服务商中深亿金(深圳)黄金珠宝有限公司在济南举行战略合作签约仪式，双方高层代表以及相关人员出席活 动，共同见证这一重要时刻。 百镒金业作为专注于贵金属全产业链服务的领先企业，深耕于贵金属投资、 ...

（原标题：套房里的艺术探索之旅：第六届北京城市艺术博览会启幕） VIP预展 6月19日 周四 18:00-22:00 6月20日 周五 13:00-20:30 公众开放 6月21日 周六 13:00-20:30 6月22日 周日 13:00-20:00 第六届北京城市艺术博览会今日启幕，呈现一场精彩纷呈的京城初夏艺术盛宴。 博览会携手优秀当代与经典艺术机构，展出作品涵盖绘画、雕塑、装置、摄影及新媒体艺术、潮流艺术 等多种艺术形式 。 本届 AFIH 也将延续并拓展"设计与当代新工艺"版块，致力于推广具有文化底蕴、精湛技艺以及独特美 学理念的收藏级设计、当代手工艺和非遗创新作品，让传统文化与现代生活方式碰撞出新的火花。 首次参展的伍拾伍号院子艺术空间、翁狄森、FANCYSOPHIE索菲、EON LOOM Gallery、XYZ（学宜 座画廊）、南希画廊、Gallery KUNIMATSU Aoyama等机构将带来精彩呈现；TomuraLee、反空间、简 画廊、LCE GALLERY、BB画廊、端木良锦、深时美术馆、颖画廊、汉泽西美学空间、树艺艺术等多 家风格独具的艺术机构也将再次回归。AFIH将真正做到在地域文 ...

Core Viewpoint - The exit of Fengqiao Capital from Pop Mart marks a significant shift in the investment landscape, reflecting the harsh realities of the capital cycle in the new consumption sector, as the company transitions from a "high-growth myth" to a "mature valuation reconstruction" phase [1][2] Group 1: Capital Market Reactions - Fengqiao Capital's complete exit involved three block trades, cashing out a total of HKD 22.64 billion (approximately RMB 21.09 billion), coinciding with Pop Mart's stock price reaching an all-time high [1] - Following the news, Pop Mart's stock price dropped over 8% within two days, raising concerns about potential valuation bubbles [2] - Despite the drop, institutions like Morgan Stanley and Citigroup remain optimistic, with Morgan Stanley raising its target price to HKD 220, indicating that the company's fundamentals are not significantly impacted [2] Group 2: Investment Trends and Patterns - The exit of Fengqiao Capital is part of a broader trend where early investors gradually withdraw as companies mature, with over HKD 20 billion in reductions noted from various shareholders since 2024 [2] - This trend highlights the cyclical nature of capital in the new consumption sector, where funds are redirected towards earlier-stage projects with higher growth potential [2] Group 3: Company Performance and Strategy - Pop Mart reported a staggering revenue increase of 165%-170% year-on-year for Q1 2025, with overseas market growth reaching 475%-480% and the Americas showing an impressive 895%-900% increase [3][4] - The company is diversifying its revenue streams, with non-blind box product revenue rising to 46.8%, and significant growth in plush toys and MEGA collectible lines [3] - To support its global expansion, Pop Mart has implemented a major organizational restructuring, establishing four regional headquarters and enhancing local operations [4] Group 4: Market Challenges and Future Outlook - Despite strong Q1 performance, there are concerns about the sustainability of such high growth rates, particularly in the Americas, where growth may be influenced by low base effects [5] - The domestic collectible toy market is becoming increasingly competitive, with rivals employing aggressive pricing strategies, while international markets face challenges from established players [5] - Current market dynamics suggest that Pop Mart's price-to-earnings ratio of approximately 66 times is significantly above the industry average, necessitating continued proof of its IP monetization capabilities and global profitability potential to maintain high valuations [6]