证券研究报告 | 公司点评 gszqdatemark 2025 07 23 年 月 日 周大福（01929.HK） FY2026Q1 同店降幅继续收窄，期待改善态势延续 事件：周大福发布 FY2026Q1 经营情况公告，根据公司披露 Q1 集团 RSV 同比 下降 1.9%，整体表现符合预期。 内地：线下同店降幅收窄+电商快速增长，FY2026Q1 内地 RSV 同比下降 3.3%。 1）线下业务：低基数+产品优化+低效店出清，公司 Q1 直营同店销售降幅收 窄，加盟同店销售持平。根据公司披露 FY2026Q1 内地直营同店销售同比下降 3.3%，加盟同店销售同比持平，各业务同店销售延续逐季改善态势。我们判断 同店销售的改善一方面系同期的低基数；另一方面系产品结构的优化，期内公司 定价黄金产品零售额同比增长 20.8%，在黄金首饰中占比由同期的 15.8%提升至 19.8%；另外期内公司持续削减低效店铺（Q1 内地净关店 311 家至 5963 家周大 福珠宝店），我们判断随着低效店铺的出清，或有助于留存店铺吸纳原店铺客 流。 展望 FY2026，我们预计公司的低效店关闭动作仍将持续，同时继续推动产品矩 阵丰 ...

RT I Am (@MuseOnChain)🚨Spotted with @StalkHQ:A fresh Kraken-funded wallet aped $80K into #UselessNow, holding $89K of the token.@theunipcs 👀 https://t.co/rrLJdCAlnh ...

7月21日，挪威高端营养品牌NYO3旗下抗衰系列Ageless正式入驻盒马APP，其人气产品美肤丸率先登陆。这款由NYO3联合北欧抗衰中心NO-AGE推出 的"以油养肤"内服抗衰新物种，上市首月便登顶"天猫国际口服美容榜"，并成为中挪航线唯一指定营养品。 一、品质共识：挪威标准秒开盒马准入大门 盒马作为中国新零售的"顶流平台"。以数据和技术为驱动，覆盖30+座城市近400家门店，其数千万高黏性付费用户的核心群体正是一、二线城市追求品质生 活的高端消费者，其中25+女性占据重要地位。 而Ageless美肤丸专为25+女性研发，融合麦角硫因、PQQ、SOD和海洋磷脂等14种"奢养成分"，独家磷脂细胞级导入技术，营养吸收率高达98%，穿透细胞 膜精准滋养。并基于诺贝尔奖"生物节律"理论，创造性地提出"早C晚P"分时内服理念，精准满足年轻女性"抵御光损"和"修复损伤"的抗衰需求。 两者在用户画像上的高度重合，使得Ageless美肤丸成为盒马平台上满足其年轻核心用户抗衰需求的理想选择。 三、双向赋能：跨境品牌与新零售顶流的共赢 NYO3Ageless何以入驻盒马APP？答案藏在"追求品质"的默契中。 盒马以"高品质"著 ...

$SOL is trading above $205 for the first time in 6 months$PENGU just pulled a monster 500% rally in 1 month and doesn’t seem to be slowing downtop Solana ecosystem memecoins like $BONK and #FARTCOIN have also been pumping hard and look primed for a face-melting, explosive moveall of the above happening simultaneously creates the perfect environment for a strong, shiny new memecoin to rally to a $1 billion+ market capand in my opinion, #USELESS coin is that coin!It’s hands down the strongest narrative and be ...

RT Miyamoto (@iruletrenches)Heard someone say i'm bullposting #useless hard because i want to push the price up, i have 8k followers lol, i hope everyone realizes i'm bullposting #useless only because i genuinely believe it's going to hit multi billions and it's the most PVE play of this cycle.I have nowhere near enough motion to influence the pa of a $300m coin. It is simply the most certain big SIZE trade in memecoins for this final inning of the bull market which i think is this Q4, you can still make mu ...

RT 希查姆 | 💡 (@hichamgenerous)Bybit published an article about the #USELESS coin, comparing it to Dogecoin in its early phase.Check it out yourself—I’ll leave a link to the article in the comments. ...

Useless Coin (@theuselesscoin) has adopted the Cross-Chain Token (CCT) standard to make $300M+ market cap token USELESS natively transferrable cross-chain via Chainlink CCIP.Leveraging CCIP, users can now securely transfer USELESS across @BNBCHAIN and @solana, expanding its reach across the multichain ecosystem. ...

RT Zer0 ▚▘▚▘▚▘ (@degengambleh)#USELESS looking good hereSwept the lows and ready for 500M then BillionsDon't fade @theunipcs 👀 https://t.co/uD7scoIxwD ...

RT ⱤΣ 🔗 (@RareHills)New @Benzinga article talks #USELESS coin. @theunipcs mentioned. https://t.co/QqVTVL3h5g ...

Wall Street analysts rerated Verizon Communications VZ after the company reported its second-quarter results on Monday.Verizon reported quarterly revenue growth of 5.2% year-over-year (Y/Y), reaching $34.50 billion, topping the analyst consensus estimate of $33.57 billion. This growth was driven by its broad wireless and broadband offerings across market segments.Also Read: Verizon Teams Up With Nokia To Bring High-Tech 5G Boost To Busy British PortsVerizon reiterated a 2%-2.8% growth in wireless service re ...