Zhejiang Ming Jewelry Co Ltd

Spot gold has broken above $4,300 per ounce. Since July, mainstream domestic gold ETFs have seen sustained net inflows exceeding 10 billion yuan. On August 5, London gold surged over 4% in a single day, its biggest one-day gain in half a year, and on August 7 it again pushed through $4,300 per ounce. Fund flows show persistent net inflows, with the leading Huaan Gold ETF attracting over 8.2 billion yuan and its latest scale surpassing 99.1 billion yuan. A-share gold stock ETFs and their constituent stocks have significantly outperformed spot commodity gold in terms of price elasticity, with the sector's peak gain exceeding 18% and leading stock Chifeng Gold posting a phased gain of nearly 60%. Qu Rui, senior deputy director of the research and development department at Golden Credit Rating, pointed out that the current rapid rise in gold prices is mainly driven by factors such as easing US-Iran tensions, cooling inflation expectations, and converging expectations for Federal Reserve rate hikes.

Zhejiang Riguangyue Energy Technology Co., Ltd. recently completed a business registration change, increasing its registered capital from 800 million yuan to 1 billion yuan, a rise of 25 percent. The company was established in March 2023, with Gao Xiaoliang as its legal representative. Its business scope includes solar power technology services, manufacturing and sales of photovoltaic equipment and components, battery manufacturing and sales, and research and development of emerging energy technologies. Riguangyue Energy Technology is jointly held by Mingpai Jewelry and Shaoxing Mingpai Jewelry Sales Co., Ltd.