12月22日，格隆汇在线上举办"科技赋能·资本破局"分享会。本次分享会，备受瞩目的卓越公司评选榜 单将隆重揭晓，其中格隆汇"金格奖"年度卓越公司评选中，阿里巴巴(09988.HK/BABA.US)、波司登 (03998.HK)、均胜电子(600699.SH/00699.HK)、理想汽车(02015.HK/LI.US)、上美股份(02145.HK)、TCL 电子(01070.HK)、香港中华煤气(00003.HK)、心动公司(02400.HK)、招金矿业(01818.HK)、中国平安 (601318.SH/02318.HK) 10家企业荣获"年度投资价值奖（大市值）"奖项。（排名不分先后，按公司首部字母顺序排列） | | | 2025年度卓越公司评选榜单 | | | --- | --- | --- | --- | | 公司名称 | 公司代码 | 公司名称 | 公司代码 | | 阿里巴巴 | 09988.HK/BABA.US | TCL电子 | 01070.HK | | 波司登 | 03998.HK | 香港中华煤气 | 00003.HK | | 均胜电子 | 600699 SH/00699.HK | 心动公司 ...

随着新一轮影响全国大部分地区的寒潮来袭，羽绒服市场热度骤升。特卖电商唯品会在12月21日推出波 司登超级大牌日促销活动，热销款式至高立减1000元，同时，平台还结合面向全国的8折政府消费券， 进一步加大商品优惠力度。 12月21日上午10时起，消费者登录唯品会App或小程序，搜索"西安消费券"或"我爱西安"等关键词，即 可进入专属活动页面，领取一张8折政府消费券，消费券适用于购买波司登羽绒服商品。该券单次消费 最高可直接抵扣200元，且可以在单笔订单中叠加多件商品使用。 "平台深度折扣叠加政府消费券，商品优惠力度创新高。"唯品会相关负责人表示。如果是家庭消费者， 可趁此机会一次性购置多件羽绒服，为家庭成员备齐过冬装备。对于个人消费者，即便有多款心仪羽绒 服，也能轻松实现"既要又要"。让优质品牌羽绒服先于降温抵达消费者手中。 （CIS） 唯品会数据显示，在当前这场保暖装备的购物潮中，南北消费者的选择呈现出多元化特点。 从具体选择来看，"轻薄短靓"羽绒服凭借其多场景适配性和易携带特点，成为南方消费者日常休闲与通 勤的"刚需"，可灵活应对早晚温差变化。与此形成对比的是，北方消费者则更青睐长款功能性羽绒服。 这类产品 ...

新加坡《海峡时报》12月19日文章，原题：随着文化自信提升，中国品牌在叙事中日益注重展现传统文 化 如今，越来越多中国企业不再依赖西方地标来彰显现代性和全球影响力，而是日益将中国本土的风 景、美学和文化特色融入其营销策略中。这表明中企对自身文化实力的信心不断增强，认为中国文化已 足够成熟，可独树一帜。西交利物浦大学艺术科技产业研究中心助理教授陈一鸣说，中国品牌正越发努 力通过中国本土的地理和历史来传达全球愿景，将本土场所视为展示创造力的舞台，但"我们现在所看 到的并非是对全球化的拒绝，而是一种重新调整"。 此类选址表明，随着中国文化自信的提升，中国品牌正越来越多寻找那些能引发消费者情感共鸣、更能 有力彰显中国特色的国内景观。仲量联行高管朱建辉说，这种变化在一定程度上是由代际因素推动的， 因为中国年轻一代在消费决策中更注重情感联结，"Z世代对中国文化的认同感和民族自豪感已达到前 所未有的高度。消费者不再认为在海外拍摄的广告就一定更高端。"相比之下，中国自身丰富的文化和 自然资源更能带来新鲜感与情感共鸣。上海社交媒体营销机构WaiSocial的负责人奥利维亚·普洛特尼克 说，如今中国消费者更具辨别力，他们寻求的产 ...

Core Insights - The 2025 World Brand 500 list was announced, with Bosideng ranking 449th, marking an 8-position increase, highlighting the ongoing breakthrough of Chinese brands in the global fashion industry [5][22][23] Group 1: Brand Performance - Bosideng is the only Chinese apparel brand on the list, showcasing its market competitiveness and global influence [5][22] - The brand's value has risen to 118.058 billion yuan, maintaining its position as the top seller in the Chinese market for 30 consecutive years [8][25] - The brand aims to transition from "Made in China" to "Created in China," reflecting its commitment to innovation and quality [8][25] Group 2: Strategic Focus - The theme of the summit was "From Data to Intelligence: Brand and Marketing Growth Models in the AI Era," emphasizing the importance of innovation in brand evolution [6][23] - Bosideng's strategy includes a focus on brand leadership, cultural integration, and leveraging global resources for high-quality development [5][23][34] - The company is committed to a "dual focus" strategy on down jackets and functional fashion technology apparel, aiming to lead in the global fashion industry [34] Group 3: Technological Integration - Bosideng has integrated AI into its entire value chain, reducing product development time from 100 days to 27 days and cutting costs by over 60% [14][31] - The company has developed an industrial internet platform that automates over 90% of key processes, shortening product delivery times to 7-10 days [15][31] - Innovations such as AI fitting and digital live streaming have significantly enhanced consumer experience [15][32] Group 4: Sustainability Initiatives - Bosideng has embedded sustainability into its brand identity, aiming for net-zero emissions by 2038 and achieving the highest MSCI ESG AAA rating in the Asian textile and apparel industry [17][34] - The company has developed a circular economy initiative, ensuring 100% of down used meets responsible sourcing standards [17][34] - Bosideng's leadership in ESG practices has garnered trust from global responsible investors and consumers [17][34]

Bosideng International Holdings Limited (the "Company") – Notice of Publication of 2025/26 Interim Report (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communication are available on the Company's website (https://company.bosideng.com) and the website of HKEXnews (www.hkexnews.hk). If you have elected to receive the Corporate Communications in printed form, the printed copies of the Current Corporate Communication in your selected language(s) are ...

– Notice of Publication of 2025/26 Interim Report (the "Current Corporate Communication") (incorporated in the Cayman Islands with limited liability) ( 於開曼群島註冊成立之有限責任公司 ) (Stock Code 股份代號：3998) Dear Registered Shareholder(s), Bosideng International Holdings Limited (the "Company") * Actionable Corporate Communication is any corporate communication that seeks instructions from an issuer's securities holders on how they wish to exercise their rights or make an election as the issuer's securities holder. The E ...

波司登國際控股有限公司 於開曼群島註冊成立之有限責任公司 股份代號：3998 2025/26 中期報告 于適 波司登品牌代言人 波司登國際控股有限公司（「本公司」，連同其附屬公 司統稱「本集團」）是中華人民共和國（「中國」） 知名的羽絨服裝品牌運營商。本集團創始於1976年， 在創始人高德康先生的引領下開啓艱苦卓絕的創業歷 程。2007年10月11日，本公司於聯交所主板上市，股 份代號3998。 本集團專心專注羽絨服領域，成為消費者公認的羽絨 服專家，引領行業發展。目前，本集團旗下羽絨服品 牌包括波司登、雪中飛、冰潔等，通過這些品牌，本 集團得以滿足不同客戶群體的需求及鞏固其在中國市 場的領導地位。其中，波司登品牌羽絨服連續30年 （1995-2024年）全國銷量遙遙領先。 目前，本集團的女裝業務品牌包括：杰西、邦寶、柯 利亞諾、柯羅芭；校服品牌為颯美特。 本集團積極實施品牌發展戰略，在2025年，波司登 再次入選Brand Finance「全球最具價值服飾品牌排 行榜50強」，同時入選世界品牌實驗室2025年「亞 洲品牌500強」。未來，本集團將繼續聚焦羽絨服核 心主業，以品牌建設為核心，全面升級產品、渠道 ...

Core Insights - The 2025 World Brand 500 list was announced, with 50 Chinese brands included, maintaining the country's position as the third globally [1] - Five brands from Suzhou made the list: Hengli (347th), Shenghong (369th), Hengtong (386th), Bosideng (449th), and Tongding (496th), with Tongding being a first-time entrant [1] - The evaluation criteria for the World Brand 500 include market share, brand loyalty, and global leadership, assessing over 8,000 brands [1] Group 1: Suzhou Brands - Hengli has been on the list for eight consecutive years, improving its position by 16 spots from the previous year [1] - Shenghong has also been recognized for five consecutive years, moving up 11 places this year [2] - Hengtong has established 12 overseas industrial bases and over 40 technical service companies, creating a network covering more than 150 countries [2] Group 2: Brand Strategies - Shenghong is integrating artificial intelligence into its core strategy for industrial upgrade and brand building, focusing on smart industry and green branding [2] - Tongding, a leader in information communication and energy infrastructure, is enhancing its global strategy, exporting products to various countries and increasing brand visibility along the Belt and Road Initiative [2] - Hengtong has undertaken over 150 information and energy interconnection projects globally, enhancing the reputation of Chinese manufacturing [2]

Market Overview - The domestic retail sales in November 2025 showed a year-on-year growth of 1.3%, which is below market expectations, with a total retail sales amounting to 4.39 trillion yuan [8] - Cumulative retail sales from January to November 2025 reached 45.61 trillion yuan, reflecting a year-on-year growth of 4.0% [8] - The consumer confidence index in October 2025 was recorded at 89.4, indicating a slight decline of 0.2 from the previous month [8] Industry Insights Textile and Apparel Sector - The textile and apparel retail sales growth in November 2025 decreased by 2.8 percentage points, with a year-on-year growth of 3.5% [7][10] - The performance of major brands such as Bosideng is expected to remain strong due to continuous innovation in core products and a favorable comparison to last year's low base [7] - Recommendations include brands like 361 Degrees and Anta Sports, with a focus on their potential for growth in the upcoming seasons [7] Jewelry and Retail Sector - The jewelry retail sales in November 2025 increased by 8.5% year-on-year, driven primarily by price increases, despite a slight month-on-month decline [10] - Companies with strong terminal performance and differentiated products in the jewelry sector are recommended for investment [10] Electric Equipment and New Energy Sector - The report highlights that the company UBTECH has secured orders exceeding 50 million yuan for humanoid robots, indicating a growing demand in the AI and robotics market [11] - The central economic meeting emphasized the importance of green transformation and the establishment of a new energy system, which could benefit companies in the renewable energy sector [12] Supply Chain and Pricing Trends - The report notes that the prices of polysilicon and silicon wafers have remained stable, with polysilicon prices at 52.0 yuan/kg and silicon wafer prices showing signs of stabilization after previous declines [12] - The battery cell prices have seen a slight decrease, with N-type battery cells priced at 0.28 yuan/W, indicating ongoing price pressures in the market [12] Investment Recommendations - The report recommends focusing on companies in the photovoltaic sector such as LONGi Green Energy and Aiko Solar, as well as those involved in supply chain improvements and market-oriented energy solutions [13] - Companies like Miniso and Yonghui Supermarket are highlighted for their strong performance and growth potential in the retail sector [10]

Core Insights - The report emphasizes the optimism surrounding new consumption opportunities driven by quality supply, indicating that the "new consumption upgrade" will extend beyond 2025, focusing on innovative and user-centric supply rather than just cost reduction [3][4] - The report highlights the shift from "internal competition" to "external expansion," noting that Chinese manufacturing capabilities are now positioned to explore global supply chain opportunities, particularly in personal care and home goods [4] - The integration of AI in consumer products is identified as a significant growth area, with AI-powered devices like smart glasses expected to gain traction in 2025 and beyond [5] - The report discusses the K-shaped recovery in purchasing power, suggesting that luxury and experiential consumption will remain resilient as consumers continue to seek status through their purchases [6] Group 1: New Consumption Trends - The essence of new consumption is a supply-driven upgrade, focusing on innovative products that meet previously unmet consumer needs, such as ergonomic furniture and outdoor sports equipment [3] - The report anticipates that the alignment of quality supply and demand will continue to evolve, with new categories emerging beyond those already recognized in the market [3] Group 2: Global Expansion of Quality Supply - Chinese manufacturers are expected to capitalize on their competitive advantages in efficiency and innovation to expand into international markets, particularly through e-commerce [4] - The report notes that the personal care supply chain in China is significantly stronger than in Western markets, presenting a threefold expansion opportunity for Chinese brands abroad [4] Group 3: AI and Consumer Products - AI applications are projected to enhance consumer products, with smart glasses expected to enter mass production and drive new market dynamics [5] - The report suggests that 3D printing will also play a crucial role in the future of AI-enabled consumer goods [5] Group 4: Luxury and Experiential Consumption - The report identifies a persistent demand for symbolic consumption, particularly in luxury goods, as consumers continue to compete for status [6] - The luxury market is shifting towards services and experiences, with brands like Hermes and private jet companies expected to benefit from this trend [6] Group 5: Market Dynamics and Company Performance - The report outlines the competitive landscape for companies in the IP-driven consumer goods sector, emphasizing the importance of a diversified IP portfolio and localized marketing strategies for success [52][58] - Companies like Pop Mart are highlighted for their successful global strategies and the ability to create emotional connections with consumers through their IP offerings [58]