Group 1 - The Shanghai Composite Index closed at 3876.97 points, above the five-day moving average, with a change of 0.17% [1] - The total trading volume of A-shares reached 16651.30 billion yuan, with 1187 A-shares breaking through the five-day moving average [1] - Notable stocks with significant deviation rates include Xingchen Technology at 18.73%, Wanlong Optoelectronics at 13.66%, and Deyi Culture at 12.84% [1] Group 2 - Stocks with smaller deviation rates that just crossed the five-day moving average include Dekeli, Tongli Technology, and Hongxing Shares [1] - The top three stocks with the highest daily increase are Xingchen Technology at 30.00%, Wanlong Optoelectronics at 20.02%, and Deyi Culture at 20.05% [1] - The trading turnover rates for these stocks are notably high, with Xingchen Technology at 38.74% and Deyi Culture at 39.21% [1]

Market Overview - A-shares showed mixed performance on December 18, with the Shanghai Composite Index rising by 0.16% to 3876.37 points, while the Shenzhen Component Index fell by 1.29% to 13053.97 points, and the ChiNext Index dropped by 2.17% to 3107.06 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.66 trillion, with nearly 2900 stocks rising [1] Sector Performance Banking Sector - Bank stocks experienced a broad increase, with Shanghai Bank and Chongqing Rural Commercial Bank rising over 3% [1] Retail Sector - Retail concepts showed strength, with Central Plaza and Shanghai Jiubai hitting the daily limit [1] Commercial Aerospace - The commercial aerospace sector was active, with multiple stocks including Shengyang Technology and Shunhao Co. hitting the daily limit [1][2] Pharmaceutical Sector - The pharmaceutical sector continued to perform well, with stocks like Luyan Pharmaceutical and Zhongyao Holdings hitting the daily limit [1][3] Consumer Sector - The consumer sector, including retail, apparel, and food and beverage, led the gains, with stocks like Baida Group achieving six consecutive limits [1][4] Institutional Insights Economic Policy Outlook - Everbright Securities anticipates a favorable cross-year market for A-shares, supported by ongoing domestic economic policies and historical performance trends [5] - Huaxi Securities suggests focusing on the consumer sector as technology rotation slows down, with an emphasis on the high-low cut logic [6] - Bank of China Securities views A-shares as being in a "bull market continuation" phase, highlighting the importance of technology and anti-involution themes for future investment [7]

谈及最新扩大内需政策对白酒的影响，中金公司在最新研报中表示：随着政策的持续深化，有望对白酒 需求端构成提振，在2025年低基数下同比有望转正，预计上半年开始行业开始迎来梯次修复。供给端， 则以创新拓展增量为主线，预计库存隐患基本解除，其中以用户需求为出发点的创新预计进一步增加， 更多企业会拥抱即时零售等线上渠道。整体来看，中金公司预计2026年白酒报表有望出清改善，上行拐 点逐步清晰。 华创证券董广阳团队也表示，2026年白酒周期将加速筑底。持续观察两大指标：一是飞天茅台批价企稳 放量时点，二是经销商亏损收窄时点，现金流企稳好转。 12月18日，大消费连续走高，零售方向领涨，百大集团走出6连板，利群股份3连板，中央商场、上海九 百、九牧王、皇氏集团、浪莎股份涨停。消息面上，顶层设计明确：扩大内需是明年排在首位的重点任 务，明年要把握消费的结构性变化，从供需两侧发力提振消费。 相比较之下，大消费昔日的"明星板块"白酒仍在磨底，贵州茅台股价在1400元附近微弱反弹，最新报 1427元/股。飞天茅台（2025散）批价一度跌破1499元指导价后，连续4日企稳在1550元/瓶。 ...

大消费板块持续走高，零售、服装、食品饮料方向领涨，百大集团走出6连板，利群股份3连板，中央商 场、上海九百、九牧王、皇氏集团、浪莎股份涨停。 ...

Core Viewpoint - The company, Langsha Co., Ltd. (600137), anticipates an increase in accounts receivable due to higher sales during the third and fourth quarters, supported by temporary credit limits for distributors [1] Group 1 - The third and fourth quarters are typically the peak sales seasons for the company, leading to an increase in accounts receivable [1] - The company provides temporary credit limits to support distributors, resulting in increased sales on credit [1] - By the end of the year, the company plans to enhance the collection of accounts receivable, which is expected to reduce the risk associated with accounts receivable [1] Group 2 - The net cash flow from operating activities is projected to return to normal levels as the company strengthens its efforts in collecting receivables [1]

证券代码：600137 股票简称：浪莎股份 编号：临 2025-037 四川浪莎控股股份有限公司 重要内容提示： 一、 说明会类型 会议召开时间：2025 年 12 月 03 日（星期三）11:00-12:00 时 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第 三季度的经营成果及财务指标的具体情况与投资者进行互动交流和 沟通，在信息披露允许的范围内就投资者普遍关注的问题进行回答。 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 二、 说明会召开的时间、地点 投资者可于 2025 年 11 月 26 日（星期三）至 12 月 02 日（星期 二）16:00 时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 cjbz@vip.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。 四川浪莎控股股份有限公司（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 ...

Core Viewpoint - The article promotes the Langsha autumn and winter thickened fleece half-zip casual long-sleeve shirt as a versatile and stylish solution for seasonal clothing challenges, emphasizing its comfort, warmth, and functional design [6][36]. Group 1: Product Features - The shirt utilizes a three-layer air layer fabric structure, which retains warmth while allowing moisture to escape, providing comfort during physical activities [8][10]. - It features double-sided brushed fabric and coarse needle fleece stripes, offering a high-quality touch and a structured appearance that avoids bulkiness [12][13]. - The addition of camellia oil and silk protein in the fabric enhances skin moisture and reduces static, improving overall wearing experience [15][31]. Group 2: Design and Functionality - The shirt includes a raglan sleeve design for increased mobility and a seamless half-zip for easy temperature regulation [27][29]. - Anti-static treatment is applied to prevent static cling and maintain a neat appearance [31][52]. - The tailored fit is designed to be flattering without being overly tight, making it suitable for various occasions [33][34]. Group 3: Brand Background - Langsha, established in 1995, has evolved from a family business focused on high-quality socks to a well-known brand in the apparel market, recognized for its commitment to material quality and craftsmanship [41][45]. - The brand has invested in advanced Italian equipment to enhance production quality, ensuring a strong reputation in the industry [43][45]. Group 4: Pricing and Availability - The promotional price for the shirt is set at 78 yuan, making it an attractive option for consumers looking for quality winter wear [36][88].

Core Viewpoint - Langsha Co., Ltd. is a well-known domestic knitted underwear enterprise with a full industrial chain production advantage, making it highly valuable for investment [1] Group 1: Business Overview - Langsha Co., Ltd. was established on December 26, 1996, and listed on the Shanghai Stock Exchange on April 16, 1998, with its registered and office address in Yibin, Sichuan Province [1] - The main business includes manufacturing knitted underwear and fabrics, wholesale and retail of goods, import and export, as well as investment management consulting [1] - The company belongs to the textile and apparel industry, specifically in non-sports clothing [1] Group 2: Financial Performance - For Q3 2025, Langsha's revenue was 239 million yuan, ranking 35th among 38 companies in the industry, significantly lower than the top company, Hailan Home, which had 15.599 billion yuan [2] - The net profit for the same period was 19.6 million yuan, ranking 22nd in the industry, also far behind the leading company, Youngor, which reported 2.334 billion yuan [2] - The main business composition includes shorts at 81.8 million yuan (57.81%), other products at 25.4 million yuan (17.99%), underwear at 13.2 million yuan (9.32%), and bras at 12.8 million yuan (9.06%) [2] Group 3: Financial Ratios - As of Q3 2025, Langsha's debt-to-asset ratio was 20.46%, lower than the industry average of 38.41% [3] - The gross profit margin for the same period was 26.41%, which is below the industry average of 44.68% [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 2.51% to 13,000, while the average number of circulating A-shares held per shareholder increased by 2.58% to 7,497.89 [5] - Notable new shareholders include Noan Multi-Strategy Mixed A and CITIC Prudential Multi-Strategy Mixed A, holding 819,400 shares and 483,900 shares respectively [5]

证券代码：600137 股票简称：浪莎股份 编号：临 2025-036 四川浪莎控股股份有限公司关于全资子公司 以定期存单进行质押向银行申请开具银行承兑汇票的公告 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 担个别及连带责任。 四川浪莎控股股份有限公司于2025年10月29日分别召开了第十 二届董事会第三次会议和第十二届董事会审计委员会2025年第三次 会议，会议审议了《关于公司全资子公司浪莎内衣以定期存单进行质 押向银行申请开具银行承兑汇票的议案》。现将相关事项公告如下： 一、基本情况及履行审议程序 （一）董事会履行审议程序及办理授权。为提高资金使用效率，满 足生产经营需要，董事会以5票同意，0票反对，0票弃权，审议通过 了《关于公司全资子公司浪莎内衣以定期存单进行质押向银行申请开 具银行承兑汇票的议案》。会议同意公司全资子公司浙江浪莎内衣有 限公司（以下简称"浪莎内衣"）拟用定期存单进行质押，向银行申 请开具银行承兑汇票，用于对外支付货款，从而增加银承结算，提高 资金使用效率。浪莎内衣在额度范围内授权董事长签署相关合同文 件，由浪 ...

四川浪莎控股股份有限公司 第十二届董事会第三次会议决议公告 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 担个别及连带责任。 四川浪莎控股股份有限公司于 2025 年 10 月 29 日在浪莎三期浪 莎内衣有限公司会议室召开了第十二届董事会第三次会议，会议于 2025 年 10 月 17 日以微信和电子邮件形式书面通知公司董事、总经 理、副总经理等公司高级管理人员。会议由公司第十二届董事会董事 长翁荣弟主持。会议应到董事 5 名、实到董事 5 名。公司总经理、副 总经理、财务负责人、董事会秘书等高级管理人员列席会议。会议符 合《公司法》、《公司章程》规定，会议合法有效。经出席会议的 5 名 董事审议，以书面记名方式进行了投票，现将会议审议表决结果公告 以下： 一、5 票同意，0 票反对，0 票弃权，审议通过了《公司 2025 年 第三季度报告》。 本议案提交董事会审议前已经公司第十二届董事会审计委员会 2025 年第三次会议全体成员审议通过。董事会同意《公司 2025 年第 三季度报告》按照预约时间进行披露。公司 2025 年第三季度报 ...