507 lines
35 KiB
HTML
507 lines
35 KiB
HTML
<!DOCTYPE html>
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<html lang="zh-CN" data-theme="night">
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<head>
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<meta charset="UTF-8">
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<meta name="viewport" content="width=device-width, initial-scale=1.0">
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<title>黄金珠宝概念深度研报</title>
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<script src="https://cdn.tailwindcss.com"></script>
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<link href="https://cdn.jsdelivr.net/npm/daisyui@4.10.2/dist/full.min.css" rel="stylesheet" type="text/css" />
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<style>
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@import url('https://fonts.googleapis.com/css2?family=Noto+Sans+SC:wght@300;400;500;700&display=swap');
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body {
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font-family: 'Noto Sans SC', sans-serif;
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background: #000010;
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background-image:
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radial-gradient(ellipse 20% 40% at 20% 20%, rgba(190, 24, 93, 0.2), transparent),
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radial-gradient(ellipse 20% 40% at 80% 20%, rgba(139, 92, 246, 0.2), transparent),
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radial-gradient(ellipse 30% 50% at 50% 90%, rgba(59, 130, 246, 0.2), transparent);
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background-repeat: no-repeat;
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background-size: cover;
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min-height: 100vh;
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}
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.glass-card {
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background: rgba(17, 24, 39, 0.5); /* bg-gray-900 with opacity */
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backdrop-filter: blur(20px) saturate(180%);
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border: 1px solid rgba(255, 255, 255, 0.1);
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transition: all 0.3s ease;
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transform: translateY(-5px);
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box-shadow: 0 0 30px rgba(167, 139, 250, 0.3);
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text-shadow: 0 0 8px rgba(255, 255, 255, 0.5), 0 0 20px rgba(167, 139, 250, 0.5);
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}
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.glow-divider {
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height: 1px;
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background: linear-gradient(90deg, transparent, rgba(167, 139, 250, 0.5), transparent);
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}
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.bento-grid {
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display: grid;
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gap: 1rem;
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grid-template-columns: repeat(auto-fit, minmax(300px, 1fr));
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}
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.bento-item {
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display: flex;
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flex-direction: column;
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justify-content: center;
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padding: 1.5rem;
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}
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.collapse-title, .table th {
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color: #d1d5db; /* gray-300 */
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}
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</style>
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</head>
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<body class="text-gray-300">
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<div class="container mx-auto p-4 md:p-8">
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<!-- Header -->
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<header class="text-center mb-12">
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<h1 class="text-4xl md:text-6xl font-bold glow-text bg-clip-text text-transparent bg-gradient-to-r from-violet-400 to-fuchsia-500 mb-4">
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黄金珠宝 概念深度研报
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</h1>
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<p class="text-sm text-gray-400 max-w-3xl mx-auto">
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北京价值前沿科技有限公司 AI投研agent：“价小前投研” 进行投研呈现，本报告为AI合成数据，投资需谨慎。
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</p>
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</header>
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<!-- Main Insight Section -->
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<main class="space-y-8">
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<!-- Core Insight Summary -->
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<section class="glass-card rounded-3xl p-6 md:p-8">
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<h2 class="text-2xl font-bold text-violet-300 mb-4 flex items-center">
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<svg xmlns="http://www.w3.org/2000/svg" class="h-6 w-6 mr-3" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M13 10V3L4 14h7v7l9-11h-7z" /></svg>
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Insight: 核心观点摘要
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</h2>
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<div class="glow-divider my-4"></div>
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<p class="text-lg leading-relaxed text-gray-200">
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黄金珠宝行业正处在一个深刻的<strong class="text-violet-400">结构性重塑期</strong>，而非简单的周期性波动。其核心驱动力已从传统的渠道扩张和婚庆刚需，全面转向由<strong class="text-fuchsia-400">“产品创新”</strong>和<strong class="text-fuchsia-400">“品牌溢价”</strong>引领的消费升级。未来，行业的增长将呈现显著的<strong class="text-blue-400">“K型分化”</strong>，即以“古法金”为代表的高端精品金饰赛道持续高景气，而同质化的传统克重黄金市场则面临存量博弈和渠道调整的压力。
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</p>
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</section>
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<!-- Concept Timeline -->
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<section class="glass-card rounded-3xl p-6 md:p-8">
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<h2 class="text-2xl font-bold text-violet-300 mb-4 flex items-center">
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<svg xmlns="http://www.w3.org/2000/svg" class="h-6 w-6 mr-3" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M8 7V3m8 4V3m-9 8h10M5 21h14a2 2 0 002-2V7a2 2 0 00-2-2H5a2 2 0 00-2 2v12a2 2 0 002 2z" /></svg>
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概念事件脉络
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</h2>
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<ul class="timeline timeline-snap-icon max-md:timeline-compact timeline-vertical">
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<li>
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<div class="timeline-middle"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-violet-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm.75-13a.75.75 0 00-1.5 0v5c0 .414.336.75.75.75h4a.75.75 0 000-1.5h-3.25V5z" clip-rule="evenodd" /></svg></div>
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<div class="timeline-start md:text-end mb-10">
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<time class="font-mono italic">2024.03 - 至今</time>
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<div class="text-lg font-black text-fuchsia-400">宏观与金价驱动期</div>
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以美联储降息预期和全球央行持续购金为背景，国际金价进入主升浪，国内金饰价格随之飙升，至2025年10月突破1210元/克。金价高企增强保值预期的同时，也抑制了克重黄金销量。
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</div>
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<hr class="bg-violet-500"/>
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</li>
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<li>
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<hr class="bg-violet-500"/>
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<div class="timeline-middle"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-violet-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm.75-13a.75.75 0 00-1.5 0v5c0 .414.336.75.75.75h4a.75.75 0 000-1.5h-3.25V5z" clip-rule="evenodd" /></svg></div>
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<div class="timeline-end mb-10">
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<time class="font-mono italic">2024.07 - 至今</time>
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<div class="text-lg font-black text-fuchsia-400">产业结构分化期</div>
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K型分化加剧，以老铺黄金为代表的“精品金饰”赛道持续高景气。传统加盟品牌承压，部分地区出现关店潮。行业共识逐步形成：从“渠道为王”向“产品/品牌驱动”转型。
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</div>
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<hr class="bg-violet-500"/>
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</li>
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<li>
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<hr class="bg-violet-500"/>
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<div class="timeline-middle"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-violet-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm.75-13a.75.75 0 00-1.5 0v5c0 .414.336.75.75.75h4a.75.75 0 000-1.5h-3.25V5z" clip-rule="evenodd" /></svg></div>
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<div class="timeline-start md:text-end mb-10">
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<time class="font-mono italic">2024.12 - 至今</time>
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<div class="text-lg font-black text-fuchsia-400">政策与平台催化期</div>
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黄金税收新政规范行业，利好头部品牌。微信小店解除黄金销售限制，开辟全新线上社交渠道。国家级计量测试中心获批，推动行业标准化。
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</div>
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<hr/>
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</li>
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</ul>
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</section>
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<!-- Core Logic and Market Perception -->
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<section class="glass-card rounded-3xl p-6 md:p-8" x-data="{ tab: 'drivers' }">
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<h2 class="text-2xl font-bold text-violet-300 mb-4 flex items-center">
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<svg xmlns="http://www.w3.org/2000/svg" class="h-6 w-6 mr-3" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9.663 17h4.673M12 3v1m6.364 1.636l-.707.707M21 12h-1M4 12H3m3.636-6.364l.707.707M19.071 4.929L18.364 5.636M12 21v-1m0 0a9 9 0 100-18 9 9 0 000 18z"></path></svg>
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核心逻辑与市场认知
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</h2>
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<div class="tabs tabs-boxed bg-black bg-opacity-30 mb-4">
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<a class="tab" :class="{'tab-active': tab === 'drivers'}" @click="tab = 'drivers'">核心驱动力</a>
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<a class="tab" :class="{'tab-active': tab === 'sentiment'}" @click="tab = 'sentiment'">市场热度与情绪</a>
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<a class="tab" :class="{'tab-active': tab === 'gaps'}" @click="tab = 'gaps'">预期差分析</a>
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</div>
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<div x-show="tab === 'drivers'" class="space-y-4 text-gray-300">
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<p><strong class="text-fuchsia-400">1. 消费需求蝶变 (根本逻辑):</strong> 黄金消费属性超越传统婚庆、保值。“悦己消费”和“日常佩戴”场景崛起，叠加“国潮文化”，消费者为设计、工艺和文化内涵的“饰品”价值付费。古法金市场规模2018-2023年CAGR高达64.6%，印证了需求端的结构性变迁。</p>
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<p><strong class="text-fuchsia-400">2. 金价的“催化剂”与“过滤器”效应:</strong> 长期温和上涨强化保值属性，是需求的放大器。短期急涨则成为“过滤器”，压制克重消费，凸显高端精品金饰价值，加速行业分化。</p>
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<p><strong class="text-fuchsia-400">3. 产业供给侧改革:</strong> 税收新政规范供应链，打击税收套利，利好头部品牌。行业龙头从“选品公司”向“产品公司”转变，竞争核心转向产品设计和品牌塑造。</p>
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</div>
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<div x-show="tab === 'sentiment'" class="space-y-4 text-gray-300">
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<p>市场关注度极高，研报和路演密集。整体情绪呈现<strong class="text-violet-400">“结构性乐观”</strong>：市场普遍看好产品升级和品牌化带来的α机会，对老铺黄金等高端品牌给予极高期望；但对传统加盟模式的β复苏则相对谨慎，尤其是在周大福等龙头披露疲软运营数据后。</p>
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</div>
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<div x-show="tab === 'gaps'" class="space-y-4 text-gray-300">
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<p><strong class="text-blue-400">1. 金价影响的预期差:</strong> 市场普遍认知“金价上涨利好行业”，但路演数据反复验证，<strong class="text-red-400">金价过快上涨对克重销量是显著的负面影响</strong>。真正的利好在于“温和上涨”或“高位企稳”。</p>
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<p><strong class="text-blue-400">2. 渠道扩张的预期差:</strong> 新闻提及“逆势拓店”，但路演揭示部分区域存在<strong class="text-red-400">“关店潮”和加盟商盈利压力</strong>。行业正在经历优胜劣汰的渠道出清，需关注净开店数和单店效率。</p>
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<p><strong class="text-blue-400">3. 高端化的真实壁垒预期差:</strong> 市场热捧“老铺黄金”模式，但其核心壁垒在于<strong class="text-green-400">纯直营模式、顶级商圈卡位、持续产品创新</strong>，传统加盟品牌短期难以复制。</p>
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</div>
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</section>
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<!-- Data Visualization -->
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<section class="grid grid-cols-1 lg:grid-cols-3 gap-8">
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<div class="glass-card rounded-3xl p-6 lg:col-span-2">
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<h3 class="text-xl font-bold text-violet-300 mb-2">古法黄金市场规模及预测</h3>
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<div id="ancient-gold-chart" class="w-full h-80"></div>
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</div>
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<div class="glass-card rounded-3xl p-6">
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<h3 class="text-xl font-bold text-violet-300 mb-2">2023年珠宝市场份额</h3>
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<div id="market-share-chart" class="w-full h-80"></div>
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</div>
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<div class="glass-card rounded-3xl p-6 lg:col-span-3">
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<h3 class="text-xl font-bold text-violet-300 mb-2">核心公司渠道模式对比 (加盟店占比)</h3>
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<div id="channel-model-chart" class="w-full h-80"></div>
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</div>
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</section>
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<!-- Catalysts & Future Path -->
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<section class="glass-card rounded-3xl p-6 md:p-8">
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<h2 class="text-2xl font-bold text-violet-300 mb-4 flex items-center">
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<svg xmlns="http://www.w3.org/2000/svg" class="h-6 w-6 mr-3" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M12 6V4m0 16v-2m8-8h-2M4 12H2m15.364 7.364l-1.414-1.414M4.636 4.636L6.05 6.05m12.728 0l-1.414 1.414M6.05 17.95l-1.414-1.414" /></svg>
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关键催化剂与未来发展路径
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</h2>
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<div class="bento-grid">
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<div class="bento-item glass-card rounded-2xl col-span-1 md:col-span-2">
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<h3 class="font-bold text-fuchsia-400 text-lg mb-2">近期催化剂 (3-6个月)</h3>
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<ul class="list-disc list-inside space-y-2 text-gray-300">
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<li><strong class="text-green-400">微信“送礼物”功能全面铺开:</strong> 行业最大增量变量，利好设计时尚、供应链灵活品牌 (如曼卡龙、潮宏基)。</li>
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<li><strong class="text-green-400">金价走势趋稳:</strong> 若进入横盘或温和波动，被压抑的观望需求有望在旺季集中释放。</li>
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<li><strong class="text-green-400">中报/三季报业绩验证:</strong> 市场将密切关注财报，验证“K型分化”程度。</li>
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</ul>
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</div>
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<div class="bento-item glass-card rounded-2xl col-span-1 md:col-span-1">
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<h3 class="font-bold text-blue-400 text-lg mb-2">产品驱动深化 (1-2年)</h3>
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<p>古法金之后，“金镶钻”、“足金烧蓝”等融合工艺将成为新的增长点。</p>
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</div>
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<div class="bento-item glass-card rounded-2xl col-span-1 md:col-span-1">
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<h3 class="font-bold text-blue-400 text-lg mb-2">渠道结构优化 (2-3年)</h3>
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<p>线上化率 (当前仅10%) 提升空间巨大。线下从追求数量转向提升店效。</p>
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</div>
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<div class="bento-item glass-card rounded-2xl col-span-1 md:col-span-2">
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<h3 class="font-bold text-blue-400 text-lg mb-2">品牌出海与格局固化 (3-5年)</h3>
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<p>随着国内市场集中度提升，头部品牌（尤其是高端品牌）将开启国际化进程，行业最终形成少数寡头格局。</p>
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</div>
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</div>
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</section>
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<!-- Industry Chain & Core Companies -->
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<section class="glass-card rounded-3xl p-6 md:p-8">
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<h2 class="text-2xl font-bold text-violet-300 mb-4 flex items-center">
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<svg xmlns="http://www.w3.org/2000/svg" class="h-6 w-6 mr-3" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M19 21V5a2 2 0 00-2-2H7a2 2 0 00-2 2v16m14 0h2m-2 0h-5m-9 0H3m2 0h5M9 7h1m-1 4h1m4-4h1m-1 4h1m-5 10v-5a1 1 0 011-1h2a1 1 0 011 1v5m-4 0h4" /></svg>
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产业链与核心公司剖析
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</h2>
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<div class="grid grid-cols-1 md:grid-cols-2 lg:grid-cols-2 gap-6">
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<div class="p-4 border border-fuchsia-500/30 rounded-2xl bg-gray-900/30">
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<h3 class="font-bold text-xl text-fuchsia-400">领导者与颠覆者 - 老铺黄金</h3>
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<p class="text-sm text-gray-400 mb-2">最纯粹的高端精品金饰标的 (100%直营/一口价/古法金)。</p>
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<p><strong class="text-green-500">优势:</strong> 先发优势，品牌心智，顶级商圈卡位，41%超高毛利率。SKP店220%增长强力验证逻辑。</p>
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<p><strong class="text-red-500">风险:</strong> 高增长能否持续，品牌故事能否支撑高溢价。</p>
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</div>
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<div class="p-4 border border-violet-500/30 rounded-2xl bg-gray-900/30">
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<h3 class="font-bold text-xl text-violet-400">追赶与转型的巨头 - 周大福/老凤祥/周大生</h3>
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<p class="text-sm text-gray-400 mb-2">依托庞大加盟网络维持规模，尝试向精品化转型。</p>
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<p><strong class="text-green-500">优势:</strong> 国民级品牌认知度，渠道深度。</p>
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<p><strong class="text-red-500">证伪:</strong> 零售值下滑、区域关店潮证伪其规模优势，转型压力巨大。</p>
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</div>
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<div class="p-4 border border-blue-500/30 rounded-2xl bg-gray-900/30">
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<h3 class="font-bold text-xl text-blue-400">差异化创新者 - 潮宏基/曼卡龙</h3>
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<p class="text-sm text-gray-400 mb-2">聚焦年轻时尚设计，发力线上渠道。</p>
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<p><strong class="text-green-500">优势:</strong> 产品差异化，对微信等新渠道适应性强 (曼卡龙线上占比55%)。</p>
|
||
<p><strong class="text-red-500">风险:</strong> 品牌势能和规模尚无法与巨头抗衡。</p>
|
||
</div>
|
||
<div class="p-4 border border-cyan-500/30 rounded-2xl bg-gray-900/30">
|
||
<h3 class="font-bold text-xl text-cyan-400">稳健的特殊玩家 - 菜百股份</h3>
|
||
<p class="text-sm text-gray-400 mb-2">深耕北京，以投资金条为核心特色。</p>
|
||
<p><strong class="text-green-500">优势:</strong> 受益避险需求，品牌公信力强，税收新政利好其直营模式。</p>
|
||
<p><strong class="text-red-500">风险:</strong> 业务受金价波动影响最大，区域性较强。</p>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Supporting Data (Accordions) -->
|
||
<section class="space-y-4">
|
||
<div class="collapse collapse-plus glass-card rounded-2xl">
|
||
<input type="checkbox" />
|
||
<div class="collapse-title text-xl font-medium text-violet-300">新闻数据精粹</div>
|
||
<div class="collapse-content">
|
||
<ul class="list-disc list-inside space-y-2 text-gray-400 p-4">
|
||
<li><strong>宏观趋势:</strong> 行业有望迎来金价上行+品类分化的结构型行情，正从“重仓渠道”向“产品升级”转型。</li>
|
||
<li><strong>K型分化:</strong> 精品金饰（老铺、潮宏基）和投资金（菜百）表现突出。</li>
|
||
<li><strong>金价影响:</strong> 上行提振销售和存货增值，但过快上涨压制克重销量；震荡不影响精品金饰景气。</li>
|
||
<li><strong>消费趋势:</strong> 古法金仍为主流，金镶钻、一口价产品为未来增长点。</li>
|
||
<li><strong>渠道动态:</strong> 微信“送礼物”功能上线，利好设计强、线上占比高的品牌 (曼卡龙、潮宏基)。</li>
|
||
<li><strong>重点品牌:</strong> 老铺黄金SKP体系增长220%，潮宏基Q1店均增长30%，周大福FY25Q3内地同店下滑。</li>
|
||
<li><strong>政策影响:</strong> 黄金税收新政规范行业，利好头部品牌。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-plus glass-card rounded-2xl">
|
||
<input type="checkbox" />
|
||
<div class="collapse-title text-xl font-medium text-violet-300">路演核心观点</div>
|
||
<div class="collapse-content">
|
||
<ul class="list-disc list-inside space-y-2 text-gray-400 p-4">
|
||
<li><strong>金价与销量关系:</strong> 季度金价环比涨幅 > 5% 时，销量显著下滑；温和下跌则刺激销量。</li>
|
||
<li><strong>Q2市场表现:</strong> 2024年Q2金价高位波动，行业终端动销普遍下滑20%以上。</li>
|
||
<li><strong>经销商视角:</strong> 河南地区七夕销售额同比增长16.7%，但近半年存在关店潮，加盟商承压。</li>
|
||
<li><strong>产品结构:</strong> 古法金占比已达40-60%，成为行业主力；镶嵌类销售近乎停滞。</li>
|
||
<li><strong>线上化趋势:</strong> 2023年中国黄金珠宝线上化率仅10%，远低于全球平均，微信小店入局是关键变量。</li>
|
||
<li><strong>老铺黄金模式:</strong> 纯直营，专注古法金，一口价模式（毛利率>40%），与奢侈品客群重叠率高。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-plus glass-card rounded-2xl">
|
||
<input type="checkbox" />
|
||
<div class="collapse-title text-xl font-medium text-violet-300">研报关键发现</div>
|
||
<div class="collapse-content">
|
||
<ul class="list-disc list-inside space-y-2 text-gray-400 p-4">
|
||
<li><strong>市场规模:</strong> 2023年黄金珠宝市场5180亿元，预计2028年达8110亿 (CAGR 9.4%)。</li>
|
||
<li><strong>古法金爆发:</strong> 2018-2023年CAGR达64.6%，预计2028年规模4214亿，占整体市场52.6%。</li>
|
||
<li><strong>高端消费韧性:</strong> 高端黄金珠宝受金价波动影响较低，高奢品牌消费者正在向老铺转移。</li>
|
||
<li><strong>竞争格局:</strong> 仍以渠道竞争为核心，但品牌壁垒较高，深圳水贝近15年未产生新的大型上市企业。</li>
|
||
<li><strong>金价影响细分:</strong> 金价急涨抑制消费，缓涨刺激最强，横盘需求回补，下跌影响经销商拿货意愿。</li>
|
||
<li><strong>财务特征:</strong> 行业现金流质量高，具较强分红基础，目前估值处于历史低位。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Stock Data -->
|
||
<section class="glass-card rounded-3xl p-6 md:p-8">
|
||
<h2 class="text-2xl font-bold text-violet-300 mb-4 flex items-center">
|
||
<svg xmlns="http://www.w3.org/2000/svg" class="h-6 w-6 mr-3" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 17v-2m3 2v-4m3 4v-6m2 10H7a2 2 0 01-2-2V5a2 2 0 012-2h5.586a1 1 0 01.707.293l5.414 5.414a1 1 0 01.293.707V19a2 2 0 01-2 2z"></path></svg>
|
||
相关概念股列表
|
||
</h2>
|
||
<div class="overflow-x-auto">
|
||
<table class="table table-zebra bg-transparent">
|
||
<thead>
|
||
<tr>
|
||
<th>股票名称</th>
|
||
<th>股票代码</th>
|
||
<th>核心逻辑</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr><td>曼卡龙</td><td><a href="https://valuefrontier.cn/company?scode=300945" target="_blank" class="link link-hover text-violet-400">300945</a></td><td>素金饰品营收占比83.15%，截止2022年末门店210家(53%加盟)。</td></tr>
|
||
<tr><td>明牌珠宝</td><td><a href="https://valuefrontier.cn/company?scode=002574" target="_blank" class="link link-hover text-violet-400">002574</a></td><td>黄金饰品营收占比94.4%，截止2022年末拥有近1000家实体门店。</td></tr>
|
||
<tr><td>萃华珠宝</td><td><a href="https://valuefrontier.cn/company?scode=002731" target="_blank" class="link link-hover text-violet-400">002731</a></td><td>黄金产品营收占比92.7%，截止2022年末门店509家(96%加盟)。</td></tr>
|
||
<tr><td>菜百股份</td><td><a href="https://valuefrontier.cn/company?scode=605599" target="_blank" class="link link-hover text-violet-400">605599</a></td><td>黄金饰品营收占比36%，截止2022年末门店1158家(72%加盟)。</td></tr>
|
||
<tr><td>迪阿股份</td><td><a href="https://valuefrontier.cn/company?scode=301177" target="_blank" class="link link-hover text-violet-400">301177</a></td><td>主要产品包括求婚钻戒、结婚对戒，截止2022年末门店688家(均为自营)。</td></tr>
|
||
<tr><td>潮宏基</td><td><a href="https://valuefrontier.cn/company?scode=002345" target="_blank" class="link link-hover text-violet-400">002345</a></td><td>黄金饰品营收占比33%，截止2022年末门店1158家(72%加盟)。</td></tr>
|
||
<tr><td>周大生</td><td><a href="https://valuefrontier.cn/company?scode=002867" target="_blank" class="link link-hover text-violet-400">002867</a></td><td>素金饰品营收占比76%，截止2022年末门店4616家(95%加盟)。</td></tr>
|
||
<tr><td>老凤祥</td><td><a href="https://valuefrontier.cn/company?scode=600612" target="_blank" class="link link-hover text-violet-400">600612</a></td><td>黄金饰品营收占比80%，截止2022年末门店5609家(97%加盟)。</td></tr>
|
||
<tr><td>中国黄金</td><td><a href="https://valuefrontier.cn/company?scode=600916" target="_blank" class="link link-hover text-violet-400">600916</a></td><td>黄金饰品营收占比98%，截止2022年末门店3642家(97%加盟)。</td></tr>
|
||
<tr><td>豫园股份</td><td><a href="https://valuefrontier.cn/company?scode=600655" target="_blank" class="link link-hover text-violet-400">600655</a></td><td>黄金饰品营收占比66%，截止2022年末门店4565家(95%加盟)。</td></tr>
|
||
<tr><td>深中华A</td><td><a href="https://valuefrontier.cn/company?scode=000017" target="_blank" class="link link-hover text-violet-400">000017</a></td><td>黄金珠宝营收占比96%，提供垂直领域供应链管理服务，无实体经营门店。</td></tr>
|
||
<tr><td>莱绅通灵</td><td><a href="https://valuefrontier.cn/company?scode=603900" target="_blank" class="link link-hover text-violet-400">603900</a></td><td>钻石饰品营收92.2%，素金饰品营收2.98%，2022年末门店507家（47%加盟）。</td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</section>
|
||
|
||
<section class="glass-card rounded-3xl p-6 md:p-8">
|
||
<h2 class="text-2xl font-bold text-violet-300 mb-4 flex items-center">
|
||
<svg xmlns="http://www.w3.org/2000/svg" class="h-6 w-6 mr-3" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M13 7h8m0 0v8m0-8l-8 8-4-4-6 6"></path></svg>
|
||
涨幅分析补充
|
||
</h2>
|
||
<div class="overflow-x-auto">
|
||
<table class="table table-zebra bg-transparent w-full">
|
||
<thead>
|
||
<tr>
|
||
<th>股票名称</th>
|
||
<th>代码</th>
|
||
<th>涨幅</th>
|
||
<th>日期</th>
|
||
<th>涨幅原因分析摘要</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td>深中华B</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=200017" target="_blank" class="link link-hover text-violet-400">200017</a></td>
|
||
<td class="text-green-400 font-bold">6.41%</td>
|
||
<td>2025-08-20</td>
|
||
<td class="text-xs">受黄金珠宝行业整体上涨、深圳特区概念、市场流动性充裕及B股市场特性等多重因素影响，引发市场关注和资金流入。</td>
|
||
</tr>
|
||
<tr>
|
||
<td>通灵股份</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=301168" target="_blank" class="link link-hover text-violet-400">301168</a></td>
|
||
<td class="text-green-400 font-bold">6.20%</td>
|
||
<td>2025-09-05</td>
|
||
<td class="text-xs">受益于黄金珠宝婚庆旺季带来的行业景气度回暖，公司积极的闲置资金管理增强市场信心，叠加融资资金流入共同推动。</td>
|
||
</tr>
|
||
<tr>
|
||
<td>武商集团</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=000501" target="_blank" class="link link-hover text-violet-400">000501</a></td>
|
||
<td class="text-green-400 font-bold">5.23%</td>
|
||
<td>2025-07-21</td>
|
||
<td class="text-xs">公司积极拓展黄金珠宝等自营项目，结合首店经济、低空经济、跨境电商等创新业务布局，获融资资金持续流入。</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</section>
|
||
|
||
</main>
|
||
|
||
</div>
|
||
|
||
<script>
|
||
document.addEventListener('DOMContentLoaded', function () {
|
||
const commonChartOptions = {
|
||
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|
||
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|
||
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||
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|
||
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|
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legend: {
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|
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|
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|
||
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|
||
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|
||
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|
||
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||
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|
||
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|
||
|
||
// Chart 1: Ancient Gold Market Size
|
||
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|
||
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|
||
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|
||
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|
||
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|
||
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|
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|
||
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||
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||
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||
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|
||
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|
||
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|
||
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|
||
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|
||
ancientGoldChart.setOption(ancientGoldOption);
|
||
|
||
// Chart 2: Market Share
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||
var marketShareChart = echarts.init(document.getElementById('market-share-chart'));
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|
||
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|
||
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|
||
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|
||
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|
||
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|
||
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|
||
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|
||
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|
||
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|
||
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|
||
}
|
||
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|
||
labelLine: {
|
||
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|
||
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|
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|
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||
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|
||
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|
||
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|
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|
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|
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// Chart 3: Channel Model
|
||
var channelModelChart = echarts.init(document.getElementById('channel-model-chart'));
|
||
var channelModelOption = {
|
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|
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|
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|
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|
||
window.addEventListener('resize', function() {
|
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|
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marketShareChart.resize();
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channelModelChart.resize();
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||
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|
||
</script>
|
||
|
||
</body>
|
||
</html> |