潮宏基：公司正筹划在香港联交所发行H股上市 智通财经5月20日电，潮宏基(002345.SZ)公告称，公司股票连续3个交易日收盘价格涨幅偏离值累计超 过20%，属于股票交易异常波动。经核查，公司前期披露的信息不存在需要更正、补充之处，近期公共 媒体未报道可能或已经对公司股票交易价格产生较大影响的未公开重大信息。公司目前生产经营正常， 内外部经营环境未发生重大变化。公司正筹划在香港联交所发行H股上市，相关细节和方案尚未确定， 本次H股上市不会导致公司控股股东和实际控制人发生变化。除上述事项外，公司不存在其他应披露而 未披露的重大事项。 ...

证券代码：002345 证券简称：潮宏基 公告编号：2025-024 广东潮宏基实业股份有限公司 2024 年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决提案的情形； 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间： 现场会议时间：2025年5月20日（星期二）15：00 网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为2025年5月 20日9：15—9：25，9：30—11：30和13：00—15：00；通过深圳证券交易所互联网 投票系统投票的具体时间为：2025年5月20日9：15-15：00期间的任意时间。 2、现场会议地点：汕头市濠江区南滨路98号潮宏基广场办公楼公司会议室 3、会议召开方式：现场投票和网络投票表决相结合 4、会议召集人：公司董事会 5、会议主持人：公司董事长廖创宾先生 6、本次会议的通知及议案的具体内容已于2025年4月29日在公司指定的信息披 露媒体《中国证券报》、《证券时报》和巨潮资讯网（h ...

上海市徐汇区淮海中路 1010 号嘉华中心 45 层 邮政编码 200031 电话: (86-21) 5404 9930 传真: (86-21) 5404 9931 关于广东潮宏基实业股份有限公司 2024 年度股东大会的法律意见书 致：广东潮宏基实业股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）以及中国证券监 督管理委员会颁布的《上市公司股东会规则》（以下简称"《股东会规则》"）的 规定，北京市竞天公诚律师事务所上海分所（以下简称"本所"）指派律师对广东 潮宏基实业股份有限公司（以下简称"公司"）2024年度股东大会（以下简称"本次 股东大会"） 进行见证，并就本次股东大会的召集和召开程序、召集人资格与出 席会议人员资格、表决程序与表决结果发表法律意见。 为出具本法律意见，本所律师审查了《广东潮宏基实业股份有限公司第七届 董事会第二次会议决议》《广东潮宏基实业股份有限公司第七届监事会第二次会 议决议》《广东潮宏基实业股份有限公司关于召开2024年度股东大会的通知》以 及本所律师认为必要的其他文件和资料，同时审查了出席现场会议股东的身份和 资格、见证了本次股东大会的召开，并参与了本次股东 ...

5月20日，黄金股集体走强，曼卡龙早盘20cm涨停，潮宏基也收获涨停板、老铺黄金、莱百股份、周大 生、山东黄金等多家金店涨幅居前。 从国家统计局最新公布的数据来看，金银珠宝等消费品类仍维持高景气。5月19日，国家统计局公布 2025年4月社零数据，分品类来看，4月金银珠宝品类增速快速提升。限额以上金银珠宝同比增长 25.3%，环比提升14.7%，其中上金所AU9999收盘价均价为765.77元/克，同比涨幅为38.6%。 根据公开信息，永赢基金经理刘庭宇近日表示，往后看，随着金价中枢上移和金矿公司的持续扩产，黄 金股业绩有望继续高增；黄金珠宝商正在迎来业绩拐点和产品高端化的趋势变革，同样具备较好的成长 空间。当前主要黄金股市盈率仍处于历史中枢下方，金价中枢上行背景下或迎来系统性的估值提升。 相关黄金股票ETF产品中，黄金股ETF（517520）5月20日震荡走强，截至发稿涨1.41%，成交额超7600 万元。 （本文机构观点来自持牌金融机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） 值得一提的是，Wind金融终端数据显示，黄金股ETF（517520）获资金净流入明显，其中近5个交易日 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Views - The company reported a revenue of 6.52 billion yuan for 2024, representing a year-on-year growth of 10.5%, while the net profit attributable to shareholders was 190 million yuan, down 41.9% year-on-year. In Q1 2025, the revenue reached 2.25 billion yuan, showing a year-on-year increase of 25.4%, with a net profit of 190 million yuan, up 44.4% year-on-year [2][6]. Summary by Sections Financial Performance - For 2024, the company plans to distribute a dividend of 0.25 yuan per share, in addition to the 0.1 yuan per share dividend proposed for the mid-year report, totaling 0.35 yuan per share [2][6]. - The company maintained a net increase of 111 stores in 2024, with a total of 1,511 jewelry stores, outperforming the industry in terms of store expansion [11]. - The gross profit margin decreased by 2.5 percentage points to 23.6% in 2024, with total gross profit remaining stable at 1.5 billion yuan [11]. Product and Channel Strategy - The company has adjusted its product structure based on demand, with a notable increase in the proportion of franchise business and traditional gold jewelry products, which saw a revenue increase of 30% year-on-year [11]. - In Q1 2025, the company benefited from a significant increase in gold prices, leading to a revenue growth of 25% year-on-year, primarily driven by new store openings and strong sales of fashion jewelry and traditional gold products [11]. Future Outlook - The company aims to focus on its core business, implement a "1+N brand" strategy, and enhance its international marketing efforts, which is expected to expand market share and achieve high-quality growth in the medium to long term [11]. - Earnings per share (EPS) are projected to reach 0.52, 0.63, and 0.75 yuan for the years 2025, 2026, and 2027, respectively, indicating a favorable growth outlook [11].

潮宏基 002345.SZ 公司研究 | 年报点评 | 一季度表现优异，品牌势能持续向上 | | --- | 核心观点 盈利预测与投资建议 ⚫ 根据年报，我们调整盈利预测并引入 2027 年的盈利预测，预计公司 2025-2027 年每 股收益分别为 0.53、0.61 和 0.71 元（原 25-26 年为 0.49 和 0.56 元），参考可比公 司，给予 2025 年 19 倍 PE 估值，对应目标价 10.07 元，维持"增持"评级。 风险提示：行业竞争加剧、金价波动对销售的影响、女包业务持续低于预期带来的业 绩拖累和商誉减值等 | | 增持 （维持） | | --- | --- | | 股价（2025年05月15日） | 9.28 元 | | 目标价格 | 10.07 元 | | 52 周最高价/最低价 | 10.55/3.94 元 | | 总股本/流通 A 股（万股） | 88,851/86,700 | | A 股市值（百万元） | 8,245 | | 国家/地区 | 中国 | | 行业 | 纺织服装 | | 报告发布日期 | 2025 年 05 月 19 日 | | | 1 周 | 1 月 | ...

潮宏基 002345.SZ 公司研究 | 年报点评 | 一季度表现优异，品牌势能持续向上 | | --- | 核心观点 盈利预测与投资建议 ⚫ 根据年报，我们调整盈利预测并引入 2027 年的盈利预测，预计公司 2025-2027 年每 股收益分别为 0.53、0.61 和 0.71 元（原 25-26 年为 0.49 和 0.56 元），参考可比公 司，给予 2025 年 19 倍 PE 估值，对应目标价 10.07 元，维持"增持"评级。 风险提示：行业竞争加剧、金价波动对销售的影响、女包业务持续低于预期带来的业 绩拖累和商誉减值等 | 公司主要财务信息 | | | | | | | --- | --- | --- | --- | --- | --- | | | 2023A | 2024A | 2025E | 2026E | 2027E | | 营业收入(百万元) | 5,900 | 6,518 | 7,665 | 8,703 | 9,711 | | 同比增长 (%) | 33.6% | 10.5% | 17.6% | 13.5% | 11.6% | | 营业利润(百万元) | 403 | 235 | 59 ...

| 序 | 门店名称 | 所在 | 开业时间 | 经营 | 面积 | 投资金额 | 主要商品类别 | | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | | 地区 | | 形式 | （㎡） | （万元） | | | 1 | 潮宏基 Soufflé 宁波银泰天一 | 华东 | 2025-04-03 | 直营 | 44.00 | 265.20 | 时尚珠宝首 饰、黄金饰品 | 注：上述投资金额主要包括首次铺货和装修。 以上经营数据为初步统计数据，最终数据以定期报告为准，特此提醒投资者注 意。 特此公告 股票代码：002345 股票简称：潮宏基 公告编号：2025-023 广东潮宏基实业股份有限公司 关于公司 4 月份新增直营门店情况简报的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 根据《深圳证券交易所行业信息披露指引第11号——上市公司从事珠宝相关 业务》的要求，广东潮宏基实业股份有限公司（以下简称"公司"）现将2025年4 月份公司旗下珠宝品牌新增直营门店概况公告如下： 广东潮宏基实业股份有限 ...

Group 1: Company Performance - The company reported a revenue of 2.252 billion in Q1 2025, representing a year-on-year growth of 25.36% [4] - The net profit attributable to shareholders reached approximately 189 million, with a year-on-year increase of 44.38% [4] Group 2: Brand Strategy and Market Positioning - The company aims to establish itself as the most favored Eastern fashion brand among young consumers, focusing on product differentiation and refined terminal operations [2][3] - The brand has received increasing recognition from consumers, with high morale reported among frontline employees, leading to innovative sales performance [3] Group 3: Product Development and IP Collaborations - The company has launched various IP-themed jewelry products, including collaborations with "Doraemon," "My Melody," and "Crayon Shin-chan," with plans to introduce more options in 2025 [4] - New product categories include "intangible cultural heritage," "bead string," and "popular IP," showcasing contemporary expressions of traditional craftsmanship [4][5] Group 4: Partnerships and Market Expansion - The company has established strong relationships with channel clients, receiving positive feedback from shopping centers and expanding into major cities like Beijing, Xi'an, Chengdu, and Wuhan [3] - Franchise partners are increasingly confident in the brand, attracting interest from market competitors wishing to collaborate [3]

Investment Rating - The report does not explicitly state an investment rating for the company Core Viewpoints - The company has shown a significant increase in net profit in Q1 2025, driven by product innovation and structural optimization, enhancing profitability [4][5] - The gold jewelry business has experienced steady revenue and profit growth, with franchising being the main engine for revenue increase [2][9] - The company is actively responding to fluctuations in gold prices through product innovation and cost control measures [5][12] Revenue and Profit Performance - In 2024, the company achieved revenues of 6.52 billion RMB, a year-on-year increase of 10.5%, while net profit attributable to the parent company was 0.19 billion RMB, down 41.9% year-on-year, primarily due to goodwill impairment from the "FION" bags business [2][9] - In Q1 2025, the company reported revenues of 2.25 billion RMB, a 25.4% year-on-year increase, and net profit of 189 million RMB, up 44.4% year-on-year [4][11] Product Segmentation - The company's gold jewelry products are categorized into traditional gold products and fashion jewelry, with traditional gold products' revenue share increasing from 38.4% in 2023 to 45.3% in 2024, showing a revenue growth rate of 30.2% [3][10] - Fashion jewelry products saw a decrease in revenue share from 50.7% in 2023 to 45.6% in 2024, with a slight decline in revenue [3][10] Distribution and Sales Channels - The company’s retail network expanded to 1,505 stores by the end of 2024, with a net increase of 129 stores, reflecting a shift towards a more asset-light and efficient channel model [6][13] - The revenue from franchised agency increased by 32.4% year-on-year, indicating its role as the main source of revenue growth [2][9] Strategic Initiatives - The company is focusing on enhancing its product offerings and emotional connections with consumers to meet diverse needs across different age groups [5][12] - Plans for further expansion include opening approximately 150 new stores in mainland China in 2025 and continuing to target Southeast Asia for international growth [6][13] Dividend Policy - The company has maintained a stable dividend distribution strategy, with a proposed cash dividend of 2.5 RMB per 10 shares for 2025, reflecting a cumulative dividend ratio of 160.59% [6][14]