商社行业周报：央行连续增持黄金老铺黄金纳入MSCI

国泰海通证券2025-08-10

本报告导读：中国7 月末黄金储备报7396 万盎司，为连续第9 个月增持黄金。投资要点：投资观点：① 关注高中教育体制改革，推荐天立国际控股、学大教育，关注凯文教育；②AI＋消费，推荐康耐特光学、小商品城、科锐国际；③情绪与体验消费，推荐老铺黄金、名创优品；④传统零售调改与新渠道，推荐红旗连锁、步步高、重庆百货；⑤关注一季报高增长个股，推荐三峡旅游，关注天府文旅、曼卡龙。上周行情回顾：上周商贸...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2558689544?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-08-10 00:00","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2558689544","market":"sh","top_or_hot":-1,"title":"商社行业周报：央行连续增持黄金 老铺黄金纳入MSCI","media":"国泰海通证券","content":"<div>\n<p>本报告导读：中国7 月末黄金储备报7396 万盎司，为连续第9 个月增持黄金。投资要点：投资观点：① 关注高中教育体制改革，推荐天立国际控股、学大教育，关注凯文教育；②AI＋消费，推荐康耐特光学、小商品城、科锐国际；③情绪与体验消费，推荐老铺黄金、名创优品；④传统零售调改与新渠道，推荐红旗连锁、步步高、重庆百货；⑤关注一季报高增长个股，推荐三峡旅游，关注天府文旅、曼卡龙。上周行情回顾：上周商贸...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250810200124a6ddc5f2&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>商社行业周报：央行连续增持黄金 老铺黄金纳入MSCI</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n商社行业周报：央行连续增持黄金 老铺黄金纳入MSCI\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-08-10 00:00 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250810200124a6ddc5f2&s=b><strong>国泰海通证券</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>本报告导读：中国7 月末黄金储备报7396 万盎司，为连续第9 个月增持黄金。投资要点：投资观点：① 关注高中教育体制改革，推荐天立国际控股、学大教育，关注凯文教育；②AI＋消费，推荐康耐特光学、小商品城、科锐国际；③情绪与体验消费，推荐老铺黄金、名创优品；④传统零售调改与新渠道，推荐红旗连锁、步步高、重庆百货；⑤关注一季报高增长个股，推荐三峡旅游，关注天府文旅、曼卡龙。上周行情回顾：上周商贸零售...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250810200124a6ddc5f2&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00520","symbol_name":"呷哺呷哺","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250810200124a6ddc5f2&s=b","article_id":"2558689544","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250810200124a6ddc5f2&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2558689544","pubTimestamp":1754755200,"columns":[{"name":"黄金","id":5,"label_key":null}],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"本报告导读：中国7 月末黄金储备报7396 万盎司，为连续第9 个月增持黄金。②8 月7 日，携程披露公司近日与大韩航空正式签署战略合作协议。2）零售行业：①8 月8 日，MSCI 宣布全球指数纳入老铺黄金。老铺黄金成为MSCI 新兴市场指数最大的三支新增成分股之一。②央行8 月7 日发布数据，中国7 月末黄金储备报7396 万盎司，环比增加6 万盎司，为连续第9 个月增持黄金。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"159831":"黄金","600113":"浙江东日","600415":"小商品城","600729":"重百集团","603900":"莱绅通灵","00520":"呷哺呷哺","BK0188":"融资融券","02276":"康耐特光学","09987":"百胜中国","BK0028":"国家队","01773":"天立国际控股","BK0209":"零售","09896":"名创优品","YUMC":"百胜中国","BK0093":"O2O","MNSO":"名创优品","06181":"老铺黄金"},"translate_title":"Trading Company Industry Weekly: The central bank continues to increase its holdings of gold, old shop gold is included in MSCI","themeId":"5fb969fe1b074f90e6bf7c39c3fc6f95","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"159831":1,"600113":0.9,"600415":0.9,"600729":0.9,"603900":0.9,"MNSO":0.9,"09896":0.9,"06181":0.9,"09987":0.9,"YUMC":0.9,"00520":0.9,"02276":0.9,"01773":0.9},"content_text":"本报告导读：中国7 月末黄金储备报7396 万盎司，为连续第9 个月增持黄金。投资要点：投资观点：① 关注高中教育体制改革，推荐天立国际控股、学大教育，关注凯文教育；②AI＋消费，推荐康耐特光学、小商品城、科锐国际；③情绪与体验消费，推荐老铺黄金、名创优品；④传统零售调改与新渠道，推荐红旗连锁、步步高、重庆百货；⑤关注一季报高增长个股，推荐三峡旅游，关注天府文旅、曼卡龙。上周行情回顾：上周商贸零售板块涨幅+0.17%，消费者服务板块涨幅-0.01%，在所有行业中分别位列27 和29（共30 个行业）。未停牌股票中，武商集团+25.73%，西域旅游+21.64%，莱绅通灵+17.21%，潮宏基+16.67%，萃华珠宝+14.84%，浙江东日+14.08%涨幅居前。行业重点信息及数据更新：1）社服行业：①8 月7 日，同程旅行与顺丰速运在广州签署了战略合作协议。根据战略合作协议，双方将融合快递寄递、智能寄存、景区联动与行程规划，推出“即托即走、随存随取”“票+递”“游+寄”等模式。②8 月7 日，携程披露公司近日与大韩航空正式签署战略合作协议。通过深度整合双方优势资源，共同开拓市场，推动业务创新。③据霸王茶姬8 月8 日披露的数据，2025 年“秋一杯”（也是指立秋节点促销），霸王茶姬销量环比上涨200%，同比增长28%。2）零售行业：①8 月8 日，MSCI 宣布全球指数纳入老铺黄金。老铺黄金成为MSCI 新兴市场指数最大的三支新增成分股之一。②央行8 月7 日发布数据，中国7 月末黄金储备报7396 万盎司（约2300.41 吨），环比增加6 万盎司（约1.86吨），为连续第9 个月增持黄金。③8 月6 日，淘宝正式上线全新大会员体系，与饿了么、飞猪等阿里系资源全面打通，服务范围覆盖吃喝玩乐、衣食住行等各类生活场景。公司公告：①百胜中国：2025 年第二季度营收达27.9 亿美元，同比增长4%，净利润为2.15 亿美元，同比增长1%。②红旗连锁：2025年半年度实现营业总收入48.08 亿元，同比下降7.30%，归属于上市公司股东的净利润为45.87 亿元，同比上涨2.79%。③凯文教育：凯文教育董事司徒智博辞去职务，控股股东提名王力为新任非独立董事候选人。④呷哺呷哺：截至2025 年6 月30 日止六个月，公司收入约人民币19 亿元，较2024 年同期减少约18.9%；净亏损约人民币0.8 亿元至1.0 亿元，较2024 年同期净亏损大幅收窄，降幅约63.2%至70.5%。风险提示：消费复苏不及预期、宏观经济波动风险、市场竞争加剧。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2558689544","isCrawlerRequest":true}

商社行业周报：央行连续增持黄金 老铺黄金纳入MSCI

精彩评论

商社行业周报：央行连续增持黄金老铺黄金纳入MSCI