Core Viewpoint - The company reported an increase in sales revenue from its luxury watch business during the New Year period in 2026, although its proprietary brand business faced pressure. The trends observed during a single holiday may not be strongly representative, and a comprehensive observation of sales during January and February, particularly during the Spring Festival, is necessary [1] Group 1 - The company will closely monitor consumer market dynamics throughout the year [1] - The company aims to strengthen its efforts in product development, channel management, and marketing to enhance operational performance [1]

Group 1 - The stock price of Feiyada closed at 16.96 yuan on August 5, down 0.71 yuan, a decrease of 4.02% from the previous trading day [1] - The opening price was 17.87 yuan, with a highest point of 17.95 yuan and a lowest point of 16.90 yuan, with a trading volume of 307,343 hands and a transaction amount of 529 million yuan [1] - Feiyada operates in the jewelry and watch industry, focusing on the research, manufacturing, and sales of watches and their components, including both proprietary and internationally recognized brands [1] Group 2 - On the morning of August 5, Feiyada experienced a rapid decline, dropping over 2% within the first five minutes after opening, with a price of 17.41 yuan at 9:30 AM [1] - The net outflow of main funds on that day was 60.4786 million yuan, with a cumulative net outflow of 94.2264 million yuan over the past five trading days [1]