Group 1: Domestic Gold Prices - Domestic gold prices have seen a significant increase, with major brands like Chow Tai Fook, Chao Hong Ji, and Zhou Da Sheng all priced at 1390 yuan per gram, leading the market [1] - Shanghai China Gold has rebounded strongly to 1360 yuan per gram, moving away from its previous low, while the price gap between the highest (Cai Bai at 1358 yuan) and lowest has narrowed to 32 yuan per gram [1] - The overall price range in the market has clearly shifted upwards, with various brands showing consistent increases in their gold prices [1] Group 2: Platinum Prices - Platinum prices have also risen, surpassing 900 yuan per gram, with Chow Tai Fook's platinum jewelry priced at 905 yuan per gram, reflecting a 36 yuan increase [1] Group 3: Gold Recycling Prices - The gold recycling prices have continued to rise, with significant discrepancies among different brands; for instance, the recycling price for gold is 993.40 yuan per gram, while Cai Bai is at 969.60 yuan per gram [2] Group 4: International Gold Prices - The spot gold price opened high and reached a peak of 4455.39 USD per ounce, closing at 4448.09 USD per ounce, marking a 2.67% increase [4] - As of the latest update, spot gold is reported at 4462.73 USD per ounce, with a 0.33% increase [4] - The surge in gold prices is attributed to rising market risk aversion due to U.S. military actions in Venezuela and weak U.S. economic data, which has bolstered expectations for a Federal Reserve rate cut [4] - The U.S. ISM manufacturing PMI fell to 47.9, below market expectations, indicating a continued contraction in the manufacturing sector [4]

Core Viewpoint - The continuous rise in international gold prices has prompted major gold jewelry brands in China, including Chow Sang Sang, to adjust their pricing, with increases ranging from 200 to 1500 yuan starting January 6 [1]. Group 1: Price Adjustments - Chow Sang Sang will increase prices on certain gold jewelry items, particularly those with craftsmanship and brand premium attributes, which are sensitive to fluctuations in international gold prices [1]. - Specific products affected include the Charme Black Series zodiac charms, which are expected to see a price increase of approximately 260 to 280 yuan [1]. Group 2: Market Response - The price of gold jewelry in China has surged, with Chow Sang Sang's gold jewelry price rising by 22 yuan per gram, reaching 1376 yuan per gram [2]. - Other brands such as Lao Miao and Lao Feng Xiang have also increased their prices, with all brands reporting increases exceeding 20 yuan per gram [2].

Core Viewpoint - The price of Chaohongji gold has increased to 1378 CNY per gram as of January 5, reflecting a rise of 21 CNY or 1.55% compared to the beginning of the month [1][2]. Price Statistics - The daily price of gold is reported at 1378 CNY per gram [2]. - The daily increase is 1.55% [2]. - The highest price recorded this month is 1378 CNY per gram [2]. - The lowest price recorded this month is 1357 CNY per gram [2]. - The difference from the peak price is 0 CNY per gram [2]. - The difference from the lowest price is 21 CNY per gram [2]. - The average price for the month so far is 1361 CNY per gram [2].

Market Overview - The jewelry sector increased by 0.95% on January 5, with ST Xinhua Jin leading the gains [1] - The Shanghai Composite Index closed at 4023.42, up by 1.38%, while the Shenzhen Component Index closed at 13828.63, up by 2.24% [1] Individual Stock Performance - ST Xinhua Jin (600735) closed at 4.99, with a rise of 5.05% and a trading volume of 88,200 shares, totaling a transaction value of 43.46 million yuan [1] - Cai Zi Co. (605599) closed at 17.02, up by 3.97%, with a trading volume of 82,400 shares and a transaction value of 137 million yuan [1] - Di A Co. (301177) closed at 29.65, increasing by 2.70%, with a trading volume of 17,400 shares and a transaction value of 51.12 million yuan [1] - Other notable stocks include Man Ka Long (300945) at 16.44 (+1.73%), Lai Xi Tong Ling (603900) at 8.57 (+1.30%), and Xin Hua Jewelry (002731) at 12.67 (+0.88%) [1] Capital Flow Analysis - The jewelry sector saw a net inflow of 14.05 million yuan from institutional investors, while retail investors experienced a net outflow of 22.39 million yuan [2] - Major stocks with significant net inflows include Zhou Dazheng (002867) with 22.52 million yuan from institutional investors, and ST Xinhua Jin (600735) with 9.66 million yuan [3] - Conversely, retail investors showed a net outflow from Zhou Dazheng of 19.59 million yuan and from ST Xinhua Jin of 5.32 million yuan [3]

Investment Rating - The industry investment rating is maintained as "Add" [5] Core Insights - The consumption market shows strong growth during the New Year holiday, with significant increases in travel and spending among younger demographics [1][2][4] - The cross-year travel and ice-snow tourism are gaining popularity, with notable increases in ticket bookings and hotel reservations [2] - Hainan's duty-free sales doubled in the first two days of the New Year holiday, indicating robust consumer interest [3] - Various cities reported double-digit sales growth during the holiday, reflecting a vibrant consumption environment [4][7] Summary by Sections Travel Trends - High travel enthusiasm was noted during the New Year holiday, with a significant increase in ticket bookings and hotel reservations, particularly among younger travelers [1][2] - The search volume for "cross-year travel" increased by 125% year-on-year, with theme parks and concerts being major attractions [2] Duty-Free Sales - Hainan's duty-free sales reached 30.7 million items, with a 121.5% year-on-year increase in sales amounting to 5.05 billion yuan [3] - The sales in Sanya alone saw a remarkable increase, with sales amounting to 1.63 billion yuan on January 1, marking an 83.2% increase [3] Consumption Growth - Beijing's sales during the holiday reached 4.04 billion yuan, with a 16.3% year-on-year increase [4] - Shanghai reported an average daily consumption of 12.2 billion yuan, with online sales growing by 5.5% year-on-year [4] - Other cities like Qingdao and Nanjing also reported positive sales growth, indicating a broad recovery in consumer spending [4][7] Investment Recommendations - The report suggests focusing on Hainan and sectors with performance elasticity during the Spring Festival, including duty-free, cross-border e-commerce, and certain scenic spots [8] - It highlights the potential of new consumption trends and the importance of adapting to market changes in 2026 [8]

Core Viewpoint - The jewelry sector experienced a rise of 1.01% on December 31, with Feiya leading the gains, while the overall market showed mixed results with the Shanghai Composite Index up by 0.09% and the Shenzhen Component Index down by 0.58% [1]. Group 1: Market Performance - The jewelry sector's performance on December 31 showed a notable increase, with Feiya's stock price rising by 10.01% to close at 16.38, leading the sector [1]. - The overall market indices reflected mixed results, with the Shanghai Composite Index closing at 3968.84 and the Shenzhen Component Index at 13525.02 [1]. Group 2: Individual Stock Performance - Key performers in the jewelry sector included: - Feiya (000026) with a closing price of 16.38 and a trading volume of 214,700 shares, resulting in a transaction value of 339 million [1]. - Cai Zi (665560) closed at 16.37, up by 2.57%, with a trading volume of 44,100 shares [1]. - Jin Yi Culture (002721) saw a 1.94% increase, closing at 3.15 with a trading volume of 742,900 shares [1]. - Other notable stocks included: - China Gold (600916) closed at 8.15, up by 0.74% with a trading volume of 236,000 shares [1]. - Lao Feng Xiang (600612) closed at 44.47, up by 0.47% with a trading volume of 9,504 shares [1]. Group 3: Capital Flow Analysis - The jewelry sector saw a net inflow of 71.07 million in main funds, while retail investors experienced a net outflow of 53.85 million [2]. - Main fund inflows were led by Feiya, which had a net inflow of 93.68 million, representing 27.60% of its trading volume [3]. - Other stocks like Jin Yi Culture and China Gold also experienced positive net inflows, while several stocks faced net outflows from retail investors [3].

Core Viewpoint - Chao Hong Ji's stock price has shown significant growth this year, but recent trading data indicates a decline in the short term, raising questions about future performance and investor sentiment [1][2]. Group 1: Stock Performance - On December 31, Chao Hong Ji's stock increased by 2.02%, reaching 12.62 CNY per share, with a trading volume of 68.46 million CNY and a turnover rate of 0.63%, resulting in a total market capitalization of 11.21 billion CNY [1]. - Year-to-date, Chao Hong Ji's stock price has risen by 131.14%, but it has experienced a decline of 2.32% over the last five trading days, 4.25% over the last 20 days, and 11.06% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Chao Hong Ji reported a revenue of 6.24 billion CNY, reflecting a year-on-year growth of 28.35%, while the net profit attributable to shareholders was 317 million CNY, showing a slight increase of 0.33% [2]. - The company's main revenue sources include fashion jewelry products (48.53%), traditional gold products (44.63%), brand authorization and franchise services (3.00%), leather goods (2.99%), and other income (0.86%) [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Chao Hong Ji was 35,300, a decrease of 12.70% from the previous period, with an average of 24,565 circulating shares per shareholder, an increase of 14.54% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the third-largest shareholder with 64.54 million shares, a decrease of 877,600 shares from the previous period, and new entrants such as Hai Fu Tong Consumer Preferred Mixed A and Gold Stock ETF [3].

Group 1 - The core viewpoint of the news is that潮宏基 has shown a slight increase in stock price, with a current trading price of 12.51 yuan per share and a total market capitalization of 11.115 billion yuan [1] -潮宏基's main business involves the design, research and development, production, and sales of high-end fashion jewelry products, with revenue composition being 48.53% from fashion jewelry, 44.63% from traditional gold products, 3.00% from brand authorization and franchise services, 2.99% from leather goods, and 0.46% from other income [1] - The company is headquartered in Shantou, Guangdong Province, and was established on March 7, 1996, with its listing date on January 28, 2010 [1] Group 2 - According to data,华安基金 has one fund heavily invested in潮宏基, specifically the华安现代生活混合 fund, which holds 981,700 shares, accounting for 6.11% of the fund's net value, making it the fourth-largest holding [2] - The华安现代生活混合 fund has a total scale of 230 million yuan and has achieved a year-to-date return of 29.6%, ranking 3237 out of 8085 in its category [2] - The fund manager, Liu Shusheng, has been in position for 7 years and 215 days, with the best fund return during his tenure being 77.11% and the worst being 37.82% [3]

摘要2025年12月30日，实物黄金潮宏基黄金黄金报价1363元/克，相比上一个交易日下跌了42元/克。铂 金价格今天报价871元/克，相比上一个交易日下跌了79元/克。 2025年12月30日，实物黄金潮宏基黄金黄金报价1363元/克，相比上一个交易日下跌了42元/克。铂金价 格今天报价871元/克，相比上一个交易日下跌了79元/克。 附表： 摘要2025年12月30日，实物黄金潮宏基黄金黄金报价1363元/克，相比上一个交易日下跌了42元/克。铂 金价格今天报价871元/克，相比上一个交易日下跌了79元/克。 2025年12月30日，实物黄金潮宏基黄金黄金报价1363元/克，相比上一个交易日下跌了42元/克。铂金价 格今天报价871元/克，相比上一个交易日下跌了79元/克。 附表： 潮宏基 黄金价格 铂金价格 金条价格 单位 | 2025年12月30日 | 1363 | 871 | - | 元/克 | | --- | --- | --- | --- | --- | | 2025年12月29日 | 1405 | 950 | - | 元/克 | 潮宏基 黄金价格 铂金价格 金条价格 单位 2025年12月30 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 301177 | 迪阿股份 | 29.20 | 0.59% | 1.48万 | | 4326.47万 | | 002867 | 周大生 | 12.14 | -0.08% | 3.35万 | | 4063.11万 | | 600916 | 中国黄金 | 8.09 | -0.25% | 13.63万 | | 1.10亿 | | 002721 | 金一文化 | 3.09 | -0.32% | 44.43万 | | 1.39亿 | | 600612 | 老凤祥 | 44.26 | -0.43% | 9767.0 | | 4325.74万 | | 605599 | 菜自股份 | 15.96 | -0.68% | 2.31万 | | 3697.64万 | | 600439 | 瑞贝卡 | 2.76 | -0.72% | 15.15万 | | 4204.55万 | | 002574 | 明牌珠宝 | 5.62 | -1.06% | 10.02万 ...