Core Viewpoint - The company, Hubei Meirya Co., Ltd., has released its third-quarter report for 2025, ensuring the accuracy and completeness of the information provided, and plans to hold an investor meeting to discuss the results and address investor concerns [14][20][9]. Financial Data - The third-quarter financial statements have not been audited, and the report includes key financial data and indicators for the period [3][7]. - The report indicates that the company has not recognized any non-recurring gains or losses during the reporting period [4]. Shareholder Information - The company has provided details on the total number of shareholders and the shareholding status of the top ten shareholders [5]. Investor Meeting - An investor meeting is scheduled for December 1, 2025, from 16:00 to 17:00, to discuss the third-quarter performance and financial indicators, allowing for interactive communication with investors [9][10]. - Investors can submit questions in advance from November 24 to November 28, 2025, to be addressed during the meeting [11][12]. Risk Warning and Internal Control - The company has been under risk warning since May 6, 2025, due to a negative opinion in its internal control audit report for 2024, and it is required to provide monthly updates on the situation [21][22]. - Measures are being taken to improve internal controls and address issues highlighted in the audit report, including enhancing risk management and compliance with regulations [23][24][25].

Core Insights - ST Er Ya (sh600107) hit the daily limit down on October 31, 2025, closing at 7.85 yuan, with a decline of 3.39%, resulting in a total market capitalization of 2.873 billion yuan and a trading volume of 43.2447 million yuan [1][2]. Group 1: Reasons for Stock Decline - Poor information disclosure and governance issues led to a D rating for the 2024-2025 information disclosure assessment, indicating serious compliance problems that significantly reduced investor confidence [2]. - The ESG rating for Q3 2025 dropped to C, reflecting a decline in the company's performance in environmental, social, and governance aspects, which negatively impacts the company's image and long-term development [2]. - The recent addition of the "previous day limit up" concept on October 18, 2025, is seen as a short-term market phenomenon that does not indicate substantial improvement in the company's fundamentals, failing to support long-term stock price increases [2]. - The upcoming Q3 earnings report on October 31, 2025, remains uncertain, raising investor concerns about potential poor performance, which has affected market confidence and contributed to the stock's limit down [2].

Group 1 - The core viewpoint of the article highlights the financial performance of ST Er Ya, indicating a significant decline in revenue and a net loss for the third quarter of 2023 [1] - The company reported a revenue of approximately 172 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 33.12% [1] - The net profit attributable to shareholders was a loss of approximately 35.68 million yuan, with a basic earnings per share loss of 0.1 yuan [1]

Group 1 - The core point of the article is that ST Er Ya (600107.SH) reported a significant decline in revenue and a net loss for the third quarter of 2025 [1] Group 2 - The company's operating revenue for the third quarter was 43.05 million yuan, representing a year-on-year decrease of 18.29% [1] - The net profit attributable to shareholders of the listed company was -13.82 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -14.17 million yuan [1]

证券代码：600107 证券简称：ST 尔雅 公告编号：2025069 湖北美尔雅股份有限公司 关于公司股票被实施其他风险警示相关事项的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要提示： 因公司 2024 年度内部控制审计报告被中审众环会计师事务所(特殊普通合伙) 出具否定意见的审计报告，根据《上海证券交易所股票上市规则（2025 年 4 月修订）》 9.8.1 条第（三）项"最近一个会计年度财务报告内部控制被出具无法表示意见或 否定意见的审计报告，或未按照规定披露财务报告内部控制审计报告"的规定，公 司股票于 2025 年 5 月 6 日被上海证券交易所实施其他风险警示。 二、公司被实施其他风险警示后所采取的措施 中审众环会计师事务所(特殊普通合伙)对公司出具否定意见的内部控制审计报 告，反映了2024年度公司内部控制的实际情况，公司将督促管理层及相关方积极采 取有效措施，尽快消除相关事项对公司的影响；同时严格遵照《企业内部控制基本 规范》等规定，不断加强公司内控体系建设和监督工作，确保公司在所有重大方面 ...

Financial Performance - The company's operating revenue for the third quarter was ¥43,047,760.99, a decrease of 18.29% compared to the same period last year[4] - The total profit for the third quarter was -¥14,217,565.26, with a year-to-date total profit of -¥39,859,351.29[4] - The net profit attributable to shareholders for the third quarter was -¥13,823,671.02, and -¥35,682,327.22 year-to-date[4] - The basic and diluted earnings per share for the third quarter were both -¥0.04, with year-to-date figures of -¥0.10[5] - The company reported a significant decrease in revenue due to reduced orders in the clothing sector and the disposal of a subsidiary[10] - Total operating revenue for the first three quarters of 2025 was CNY 172,170,956.20, a decrease of 33.1% compared to CNY 257,421,589.13 in the same period of 2024[20] - The net profit for the first three quarters of 2025 was -37,023,860.67 RMB, compared to -48,992,214.79 RMB in the same period of 2024, showing an improvement of approximately 24.1%[22] - Operating profit for the first three quarters of 2025 was -39,894,321.64 RMB, an improvement from -53,017,215.44 RMB in the previous year, reflecting a 24.5% increase[22] - The company's operating revenue for the first three quarters of 2025 was ¥23,288,706.11, a decrease of 44.0% compared to ¥41,728,845.06 in the same period of 2024[33] - The net profit for the first three quarters of 2025 was ¥14,385,026.54, a significant recovery from a net loss of ¥21,330,752.48 in the same period of 2024[34] Assets and Liabilities - The total assets at the end of the reporting period were ¥772,913,924.75, a decrease of 11.89% from the end of the previous year[5] - The equity attributable to shareholders at the end of the reporting period was ¥456,508,907.08, down 7.25% from the previous year[5] - Total assets as of September 30, 2025, were CNY 772,913,924.75, down from CNY 877,165,138.16 at the end of 2024[16] - The company's total equity as of September 30, 2025, was CNY 483,834,643.64, down from CNY 520,858,504.31 at the end of 2024[17] - The company reported a net loss of CNY -132,387,926.10 in retained earnings as of September 30, 2025, compared to CNY -96,705,598.88 at the end of 2024[17] - The company's total assets as of September 30, 2025, were ¥740,580,554.87, compared to ¥780,967,101.93 at the end of 2024, reflecting a decrease of 5.2%[30] - Current liabilities increased to ¥196,399,174.80 in 2025 from ¥256,182,396.50 in 2024, indicating a reduction in short-term financial obligations[31] - The company's cash and cash equivalents amounted to ¥6,093,330.21 as of September 30, 2025, compared to ¥84,054,065.15 at the end of 2024, showing a significant decline in liquidity[30] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥1,178,978.01[5] - Cash flow from operating activities for the first three quarters of 2025 was -1,178,978.01 RMB, compared to -61,606,335.50 RMB in the same period of 2024, indicating a significant improvement[26] - The total cash inflow from financing activities in the first three quarters of 2025 was 115,792,120.00 RMB, compared to 141,463,888.09 RMB in 2024, a decrease of about 18.2%[27] - The net cash flow from financing activities for the first three quarters of 2025 was -¥24,404,597.03, compared to -¥21,165,717.46 in the first three quarters of 2024, indicating a worsening situation[36] - The total cash outflow from operating activities in the first three quarters of 2025 was ¥205,613,817.43, down from ¥237,263,083.89 in the same period of 2024, marking a reduction of 13.3%[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,880[12] - There were no changes in the top ten shareholders or their participation in margin financing and securities lending during the reporting period[13] Future Outlook - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[14] - The company plans to expand its market presence and explore potential mergers and acquisitions to drive future growth[34] - Research and development expenses were not explicitly reported, but management indicated a focus on innovation and new product development in future strategies[34]

证券代码：600107 证券简称：ST 尔雅 公告编号：2025067 湖北美尔雅股份有限公司 2025年前三季度主要经营数据的公告 二、报告期主营业务情况 （一）报告期内各品牌的盈利情况 注：上表数据为公司服装行业品牌经营情况。 （二）报告期内直营店和加盟联营店的盈利情况 一、报告期内门店变动情况 品牌 门店类型 2024 年末 数量（家） 2025 年 9 月末 数量（家） 2025 年 1-9 月 新开店（家） 2025 年 1-9 月 关闭店（家） 美尔雅品牌 直营店 31 34 3 0 美尔雅品牌 加盟联营店 121 108 1 14 合计 152 142 4 14 单位:万元 币种：人民币 品牌类型 营业收入 营业成本 毛利 率（%） 营业收入比 上年增减（%） 营业成本比上 年增减（%） 毛利率比上 年增减（%） 美尔雅品牌 13,354.99 8,616.59 35.48 -29.22 -25.13 下降3.53个 百分点 出口加工 3,299.65 3,173.16 3.83 -18.31 -17.38 下降1.09个 百分点 注：上表不含境外出口数据。 本公司董事会及全体董事保证本公告内容 ...

湖北美尔雅股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 24 日（星期一）至 11 月 28 日（星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 meyzqb@163.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 湖北美尔雅股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日发布 公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第 三季度经营成果、财务状况，公司计划于 2025 年 12 月 01 日（星期一）16:00-17:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 证券代码：600107 证券简称：ST 尔雅 公告编号：2025068 https://roadshow.sseinfo.com/） 一、 说明会类型 本次投资者说明会以 ...

Market Overview - The apparel and home textile sector declined by 0.34% compared to the previous trading day, with ST Er Ya leading the decline [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Notable gainers in the apparel and home textile sector included: - Mercury Home Textile (603365) with a closing price of 20.20, up 6.43% and a trading volume of 58,500 shares, totaling 118 million yuan [1] - Taihu Snow (920262) closed at 28.68, up 4.25% with a trading volume of 28,700 shares, totaling 80.52 million yuan [1] - True Love Home (003041) closed at 31.68, up 4.18% with a trading volume of 65,900 shares, totaling 207 million yuan [1] - Conversely, ST Er Ya (600107) saw a significant decline, closing at 8.33, down 5.02% with a trading volume of 66,300 shares, totaling 55.27 million yuan [2] Capital Flow - The apparel and home textile sector experienced a net outflow of 167 million yuan from institutional investors, while retail investors saw a net inflow of 106 million yuan [2] - Key stocks with notable capital flows included: - Meibang Apparel (002269) with a net outflow of 50.19 million yuan from institutional investors [3] - Explorer (300005) had a net inflow of 36.67 million yuan from institutional investors [3] - Henghui Security (300952) saw a net inflow of 28.36 million yuan from institutional investors [3]

New Stock Issuance - Multiple companies are experiencing significant abnormal fluctuations in stock prices, including 香农芯创 (300475) with a notice date of 2025-10-24[1] - 天普股份 (605255) reported on 2025-10-21[1] - 生益电子 (688183) and 达华智能 (002512) both reported on 2025-10-29[1] Trading Alerts - 21 companies have been flagged for abnormal trading activities as of 2025-10-29, indicating potential volatility in the market[1] - ST新华锦 (600735) and 汇绿生态 (001267) are among those with recent alerts on 2025-10-29[1] - The report includes links to detailed announcements for each company, providing transparency and further information for investors[1] Market Trends - The report highlights a trend of increased scrutiny on companies with abnormal stock price movements, suggesting a potential shift in regulatory focus[1] - Investors are advised to monitor these stocks closely due to the heightened risk associated with abnormal fluctuations[1]