截至11月30日，明牌珠宝股东户数3.57万，较上期增加0.00%；人均流通股14789股，较上期增加 0.00%。2025年1月-9月，明牌珠宝实现营业收入26.20亿元，同比减少25.37%；归母净利润-1.07亿元， 同比减少1502.07%。 12月29日，明牌珠宝涨0.00%，成交额4300.12万元。两融数据显示，当日明牌珠宝获融资买入额420.77 万元，融资偿还374.57万元，融资净买入46.19万元。截至12月29日，明牌珠宝融资融券余额合计1.24亿 元。 融资方面，明牌珠宝当日融资买入420.77万元。当前融资余额1.23亿元，占流通市值的4.11%，融资余 额超过近一年50%分位水平，处于较高位。 融券方面，明牌珠宝12月29日融券偿还200.00股，融券卖出2500.00股，按当日收盘价计算，卖出金额 1.42万元；融券余量3.92万股，融券余额22.27万元，超过近一年90%分位水平，处于高位。 资料显示，浙江明牌珠宝股份有限公司位于浙江省绍兴市柯桥区柯桥街道镜水路1016号，成立日期2002 年10月15日，上市日期2011年4月22日，公司主营业务涉及中高档贵金属和宝石首饰产 ...

资金流向方面，主力资金净流入2.33万元，大单买入380.64万元，占比17.94%，卖出378.31万元，占比 17.83%。 12月18日，明牌珠宝盘中上涨2.03%，截至09:57，报5.52元/股，成交2122.10万元，换手率0.73%，总市 值29.15亿元。 明牌珠宝今年以来股价涨19.74%，近5个交易日跌0.18%，近20日跌7.38%，近60日跌7.23%。 今年以来明牌珠宝已经8次登上龙虎榜，最近一次登上龙虎榜为5月28日。 资料显示，浙江明牌珠宝股份有限公司位于浙江省绍兴市柯桥区柯桥街道镜水路1016号，成立日期2002 年10月15日，上市日期2011年4月22日，公司主营业务涉及中高档贵金属和宝石首饰产品的设计、研 发、生产及销售。主营业务收入构成为：珠宝首饰产品89.71%，房产营销服务5.51%，新能源光伏电池 片产品4.56%，其他0.21%。 明牌珠宝所属申万行业为：纺织服饰-饰品-钟表珠宝。所属概念板块包括：网红经济、职业教育、在线 教育、破净股、低价等。 截至11月30日，明牌珠宝股东户数3.57万，较上期增加0.00%；人均流通股14789股，较上期增加 0.00%。 ...

Core Viewpoint - Mingpai Jewelry's stock performance shows a slight increase, but financial metrics indicate significant declines in revenue and profit, suggesting potential challenges ahead for the company [1][2]. Financial Performance - As of October 20, 2025, Mingpai Jewelry reported a revenue of 2.62 billion yuan, a year-on-year decrease of 25.37% [2]. - The company experienced a net profit of -107 million yuan, reflecting a dramatic year-on-year decline of 1502.07% [2]. Stock and Financing Activity - On November 17, 2025, Mingpai Jewelry's stock rose by 0.83%, with a trading volume of 46.94 million yuan [1]. - The financing buy-in for the day was 2.26 million yuan, while the financing repayment was 3.52 million yuan, resulting in a net financing outflow of -1.27 million yuan [1]. - The total financing and securities balance stood at 116 million yuan, accounting for 3.62% of the circulating market value, which is below the 20th percentile level over the past year [1]. Shareholder Information - As of October 20, 2025, the number of shareholders for Mingpai Jewelry was 32,600, a decrease of 0.91% from the previous period [2]. - The average circulating shares per person increased by 0.92% to 16,196 shares [2]. Dividend Distribution - Since its A-share listing, Mingpai Jewelry has distributed a total of 335 million yuan in dividends, with 52.8 million yuan distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included the Gold Stock ETF (517520), which held 3.043 million shares, an increase of 1.3755 million shares compared to the previous period [3].

Core Insights - The company reported a total operating revenue of 48.001 billion yuan, ranking first among disclosed peers, but this represents a decrease of 4.580 billion yuan, or 8.71%, compared to the same period last year [1] - The net profit attributable to shareholders was 1.438 billion yuan, also ranking first among peers, reflecting a decline of 0.338 billion yuan, or 19.05%, year-on-year [1] - The net cash inflow from operating activities was 2.366 billion yuan, again ranking first among peers, but decreased by 4.181 billion yuan, or 63.86%, compared to the same period last year [1] Financial Ratios - The latest debt-to-asset ratio is 39.25%, ranking 8th among peers, which is an increase of 2.13 percentage points from the previous quarter but a decrease of 0.84 percentage points year-on-year [3] - The latest gross profit margin is 8.17%, ranking 10th among peers, down by 0.51 percentage points from the previous quarter and down 0.39 percentage points year-on-year [3] - The latest return on equity (ROE) is 11.18%, ranking 3rd among peers, which is a decrease of 3.22 percentage points compared to the same period last year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share (EPS) is 0.42 yuan, ranking 4th among peers, which is a decrease of 2.98 yuan, or 87.77%, year-on-year [3] - The latest total asset turnover ratio is 2.02 times, ranking 2nd among peers, down by 0.15 times, or 6.98%, year-on-year [3] - The latest inventory turnover ratio is 4.44 times, ranking 2nd among peers, which is a decrease of 0.66 times, or 12.91%, compared to the same period last year [3] Shareholder Information - The number of shareholders is 45,700, with the top ten shareholders holding 263 million shares, accounting for 50.24% of the total share capital [3] - The largest shareholder is the Shanghai Huangpu District State-owned Assets Supervision and Administration Commission, holding 4.20% of the shares [3]

Core Viewpoint - Mingpai Jewelry's stock performance and financial metrics indicate a challenging period, with significant declines in revenue and net profit, alongside low financing activity and a decrease in shareholder numbers [1][2]. Financing and Trading Activity - On October 15, Mingpai Jewelry's stock price remained unchanged at 0.00%, with a trading volume of 68.21 million yuan. The financing buy-in amount was 5.77 million yuan, while the financing repayment was 8.01 million yuan, resulting in a net financing outflow of -2.24 million yuan. The total financing and securities balance reached 122 million yuan [1]. - The current financing balance of 122 million yuan accounts for 3.94% of the circulating market value, which is below the 50th percentile level over the past year, indicating a low financing position [1]. - No shares were borrowed or sold on October 15, with the borrowing balance at 0.00 shares, suggesting a high level of borrowing activity compared to the 70th percentile over the past year [1]. Financial Performance - For the first half of 2025, Mingpai Jewelry reported a revenue of 1.939 billion yuan, reflecting a year-on-year decrease of 20.31%. The net profit attributable to shareholders was -77.59 million yuan, a significant decline of 646.62% compared to the previous period [2]. - Cumulatively, since its A-share listing, Mingpai Jewelry has distributed a total of 335 million yuan in dividends, with 52.8 million yuan distributed over the last three years [3]. Shareholder Information - As of September 20, the number of shareholders for Mingpai Jewelry was 33,600, a decrease of 7.69% from the previous period. The average circulating shares per person increased by 8.33% to 15,714 shares [2]. - As of June 30, 2025, the top ten circulating shareholders included the Golden Stock ETF (517520) as the seventh largest shareholder, holding 1.6675 million shares as a new entrant [3].

Group 1 - On October 9, Mingpai Jewelry's stock rose by 2.49%, with a trading volume of 82.68 million yuan [1] - The financing data for Mingpai Jewelry on the same day showed a financing purchase amount of 11.51 million yuan and a net financing purchase of 2.24 million yuan [1] - As of October 9, the total balance of margin trading for Mingpai Jewelry was 129 million yuan, accounting for 4.23% of its market capitalization [1] Group 2 - As of September 20, the number of shareholders for Mingpai Jewelry was 33,600, a decrease of 7.69% from the previous period [2] - For the first half of 2025, Mingpai Jewelry reported a revenue of 1.939 billion yuan, a year-on-year decrease of 20.31%, and a net profit attributable to shareholders of -77.59 million yuan, a decrease of 646.62% [2] Group 3 - Since its A-share listing, Mingpai Jewelry has distributed a total of 335 million yuan in dividends, with 52.8 million yuan distributed in the last three years [3] - As of June 30, 2025, the seventh largest circulating shareholder of Mingpai Jewelry was the Gold Stock ETF (517520), which holds 1.6675 million shares as a new shareholder [3]

Core Viewpoint - Mingpai Jewelry experienced a decline in both revenue and net profit for the first half of 2025, indicating potential challenges in its financial performance [2]. Group 1: Financial Performance - As of September 30, 2023, Mingpai Jewelry's financing balance reached 127 million yuan, accounting for 4.26% of its market capitalization, which is above the 70th percentile of the past year [1]. - For the period from January to June 2025, Mingpai Jewelry reported a revenue of 1.939 billion yuan, a year-on-year decrease of 20.31%, and a net profit attributable to shareholders of -77.588 million yuan, reflecting a significant decline of 646.62% [2]. Group 2: Shareholder Information - As of September 20, 2025, the number of shareholders for Mingpai Jewelry decreased by 7.69% to 33,600, while the average circulating shares per person increased by 8.33% to 15,714 shares [2]. - The company has distributed a total of 335 million yuan in dividends since its A-share listing, with 52.8 million yuan distributed over the past three years [3]. Group 3: Business Overview - Mingpai Jewelry, established on October 15, 2002, and listed on April 22, 2011, specializes in the design, research, production, and sales of mid-to-high-end precious metal and gemstone jewelry products [1]. - The revenue composition of Mingpai Jewelry includes 89.71% from jewelry products, 5.51% from real estate marketing services, and 4.56% from new energy photovoltaic cell products [1].

Core Viewpoint - Mingpai Jewelry's stock price has experienced fluctuations, with a year-to-date increase of 20.61% but a recent decline in the last five trading days by 2.97% [2] Group 1: Stock Performance - As of September 25, Mingpai Jewelry's stock price was 5.56 CNY per share, with a market capitalization of 2.936 billion CNY [1] - The stock has seen a net outflow of 938,800 CNY in principal funds, with significant selling activity [1] - Year-to-date, the stock has been on the leaderboard eight times, with the most recent appearance on May 28 [2] Group 2: Financial Performance - For the first half of 2025, Mingpai Jewelry reported a revenue of 1.939 billion CNY, a year-on-year decrease of 20.31%, and a net profit of -77.588 million CNY, down 646.62% [2] - The company's main business revenue composition includes 89.71% from jewelry products, 5.51% from real estate marketing services, and 4.56% from new energy photovoltaic cells [2] Group 3: Shareholder Information - As of September 20, the number of shareholders for Mingpai Jewelry was 33,600, a decrease of 7.69% from the previous period [2] - The average circulating shares per person increased by 8.33% to 15,714 shares [2] - The company has distributed a total of 335 million CNY in dividends since its A-share listing, with 52.8 million CNY in the last three years [3]

Core Viewpoint - Mingpai Jewelry's stock has experienced fluctuations, with a year-to-date increase of 29.93% but a recent decline in the last five trading days. The company is involved in the design, production, and sales of mid-to-high-end precious metal and gemstone jewelry products, with a significant portion of its revenue coming from jewelry sales [1][2]. Group 1: Stock Performance - On September 15, Mingpai Jewelry's stock fell by 2.12%, trading at 5.99 yuan per share, with a total market capitalization of 3.163 billion yuan [1]. - Year-to-date, the stock has increased by 29.93%, with a 1.64% decline over the last five trading days and a 3.63% increase over the last 20 days [1]. - The company has appeared on the trading leaderboard eight times this year, with the most recent appearance on May 28 [1]. Group 2: Financial Performance - For the first half of 2025, Mingpai Jewelry reported a revenue of 1.939 billion yuan, a year-on-year decrease of 20.31%, and a net profit attributable to shareholders of -77.588 million yuan, a decrease of 646.62% [2]. - Cumulatively, the company has distributed 335 million yuan in dividends since its A-share listing, with 52.8 million yuan distributed over the last three years [3]. Group 3: Shareholder Information - As of August 10, the number of shareholders for Mingpai Jewelry stood at 41,000, with an average of 12,878 circulating shares per person [2]. - As of June 30, 2025, the seventh largest circulating shareholder is the Gold Stock ETF (517520), holding 1.6675 million shares as a new shareholder [3]. Group 4: Business Overview - Mingpai Jewelry, established on October 15, 2002, and listed on April 22, 2011, is located in Shaoxing, Zhejiang Province. Its main business includes the design, research and development, production, and sales of jewelry products, which account for 89.71% of its revenue [1]. - The company also engages in real estate marketing services (5.51%) and solar photovoltaic cell products (4.56%) [1]. - Mingpai Jewelry is classified under the textile and apparel industry, specifically in the jewelry and watch sector, and is associated with concepts such as TOPCon batteries, gold stocks, HJT batteries, photovoltaic glass, and solar energy [1].

Group 1 - The core viewpoint of the article highlights a significant shareholder transfer for Xie Ruilin (00417), with a market value of HKD 121 million, representing 72.53% of the total [1] - Xie Ruilin's financial performance for the fiscal year ending March 31, 2025, shows a revenue of approximately HKD 1.712 billion, reflecting a year-on-year decrease of 35.5% [1] - The company's loss attributable to owners is about HKD 198 million, which represents a year-on-year narrowing of 47.15% [1]