中新网上海新闻10月31日电(郑莹莹)首届国际珠宝时尚主题月暨2025上海高级定制周于30日在大豫园文 化片区启幕。 作为上海国际珠宝时尚功能区揭牌后的首场重量级活动，首届国际珠宝时尚主题月不仅将带来一系列精 彩活动，更将开启功能区建设的新篇章。 在品牌受钥仪式上，深耕于多个领域的15家品牌负责人集中上台接受象征着友好合作的功能区金钥匙； 在合作签约环节，紫金矿业集团黄金珠宝有限公司、中国珠宝玉石首饰行业协会分别与功能区运营主体 进行签约。 空间布局上，豫园商城与BFC形成"双核驱动"，促进黄金珠宝消费与多元要素的跨界融合。前者集珠宝 时尚、文化商业、餐饮娱乐、智慧零售等多元业态于一体，后者则引入高级珠宝与国际精品，构建起国 内外知名品牌矩阵。 上海市黄浦区委书记杲云，上海市商务委总经济师罗志松，上海市黄浦区人民政府副区长沈丹娜，中国 珠宝玉石首饰协会会长叶志斌，上海国际时尚联合会会长、复星国际联席CEO徐晓亮，豫园股份董事长 黄震，世界黄金协会中国区CEO王立新，以及高校相关专业负责人、交易所负责人、国检集团和中外实 验室负责人、各大品牌商代表等200余人出席启幕仪式。 上海国际珠宝时尚功能区工作小组专职副 ...

Investment Rating - The investment rating for the company is "Buy" [2] Core Insights - The report highlights that the company, Yuyuan Group, is a platform-type consumer industry company with a diversified business layout, including jewelry fashion, cultural dining, national trend watches, beauty and health, and composite functional real estate. The company aims to create a happy life for global family customers and is actively embracing consumption structure adjustments and new trends in national trends [5][15] - The jewelry fashion business is positioned to lead the consumption trend, with the company leveraging its multi-brand and all-channel strategy to build competitive barriers [7][14] - The report provides a profit forecast for the company, estimating net profits attributable to the parent company for 2025, 2026, and 2027 to be 463 million, 1.259 billion, and 2.07 billion yuan respectively, with corresponding P/E ratios of 48.9X, 18.0X, and 10.9X [8][10] Summary by Sections Company Overview - Yuyuan Group is actively adjusting its business layout and deepening its "Oriental Lifestyle Aesthetics" strategy, focusing on family consumption and adapting to market changes [15][19] - The company has experienced significant fluctuations in operating performance, with revenue and profit growth from 2018 to 2022, but facing pressure in 2023 and 2024 due to external factors [15][19] Jewelry Fashion Business - The jewelry business, primarily under the brands "Laomiao" and "Yayi," has a strong market presence with 4,615 retail outlets by the end of 2024. The company employs a franchise model for rapid market expansion while enhancing brand image through direct stores [7][14] - The report notes a shift in consumer demand towards self-purchase and cultural significance in gold jewelry, with the company innovating in product design and marketing strategies [6][7] Other Consumer Segments - The report discusses the company's restaurant management and service sector, emphasizing the importance of traditional Chinese brands and a focus on light asset expansion [8] - The food, department store, and craft sectors are expected to transition from traditional craftsmanship to modern industrialization, with a focus on pre-prepared meals and health supplements [8] - The fashion watch segment shows stable revenue with improving profitability, while the property development and sales segment is anticipated to contribute positively in the future due to a solid project reserve [8][19] Financial Forecast and Investment Rating - The financial forecast indicates a recovery in net profit from 2025 onwards, with significant growth expected in subsequent years. The report assigns a "Buy" rating based on the company's strategic positioning and market potential [8][10][14]