Group 1 - The core point of the news is the performance of Cuihua Jewelry, which saw a stock price increase of 5.23% to 13.69 CNY per share, with a trading volume of 92.92 million CNY and a turnover rate of 3.05%, resulting in a total market capitalization of 3.507 billion CNY [1] - Cuihua Jewelry, established on January 5, 1985, and listed on November 4, 2014, is primarily engaged in the design, processing, wholesale, and retail of jewelry products [1] - The main revenue composition of Cuihua Jewelry includes gold products at 72.01%, lithium products and processing at 21.73%, and other categories such as embedded products and platinum products [1] Group 2 - From the perspective of the top ten circulating shareholders, Yongying Fund has a fund that ranks among the top shareholders of Cuihua Jewelry, with the Gold Stock ETF (517520) newly entering the top ten shareholders in the third quarter, holding 2.0572 million shares, accounting for 0.9% of the circulating shares [2] - The Gold Stock ETF (517520) was established on October 24, 2023, with a latest scale of 11.669 billion CNY, achieving a year-to-date return of 78.12% and a one-year return of 56.61% [2] - The fund manager of the Gold Stock ETF is Liu Tingyu, who has a total fund asset scale of 21.354 billion CNY, with the best fund return during his tenure being 86.38% [3]

Core Viewpoint - Cuihua Jewelry has shown a significant increase in stock price this year, but recent trading data indicates a slight decline in the short term, suggesting potential volatility in the market [2]. Group 1: Stock Performance - As of September 30, Cuihua Jewelry's stock price increased by 34.73% year-to-date, but it has decreased by 0.56% in the last five trading days, 10.18% in the last 20 days, and 9.14% in the last 60 days [2]. - The stock reached a price of 12.53 CNY per share with a market capitalization of 3.21 billion CNY [1]. Group 2: Financial Performance - For the first half of 2025, Cuihua Jewelry reported a revenue of 2.243 billion CNY, representing a year-on-year growth of 7.08%, and a net profit attributable to shareholders of 111 million CNY, which is a 34.40% increase year-on-year [3]. - The company has distributed a total of 102 million CNY in dividends since its A-share listing, with 43.83 million CNY distributed in the last three years [4]. Group 3: Shareholder and Market Data - As of June 30, 2025, the number of shareholders increased by 38.69% to 24,000, while the average number of circulating shares per person decreased by 27.90% to 9,553 shares [3]. - The top ten circulating shareholders include a new entrant, Rongtong Industry Trend Selection Stock A, holding 2.7449 million shares [4].