Market Overview - The market experienced fluctuations with mixed performance across the three major indices, with the Shanghai Composite Index briefly surpassing 3600 points before retreating [1] - The overall market saw a high rate of stock volatility, with a 50% rate of stocks hitting their daily limit down [1] - The total trading volume for the day reached 1.9 trillion yuan [1] Hot Topics Yarlung Tsangpo River Hydropower Project - Stocks related to the Yarlung Tsangpo River hydropower project continued to surge, with companies like China Power Construction and Huaxin Cement hitting their daily limit up [4] - The project has garnered significant market attention, leading to a valuation recovery for infrastructure stocks due to low valuations and high dividend yields [5] Consumer Sector - The consumer sector showed strong activity, with companies such as Hanchang Group and Nanjing New百 hitting their daily limit up [6] - The World Health Organization raised alarms regarding the spread of the chikungunya virus, which could impact public health and consumer behavior [6] Nuclear Fusion Sector - The nuclear fusion sector saw notable movements, with companies like GuoJi Heavy Industry and XueRen Group experiencing significant gains [8] - The establishment of China Fusion Energy Co., a subsidiary of China National Nuclear Corporation, was announced, with an investment of approximately 11.49 billion yuan from various stakeholders [8] Stock Performance Yarlung Tsangpo River Project Stocks - Key stocks in this sector included: - ShanHe Intelligent: 10.67 yuan, +10.00%, market cap 11.445 billion yuan - Tibet Tianlu: 12.75 yuan, +10.01%, market cap 16.93 billion yuan - Deep Water Regulation Institute: 27.82 yuan, +20.02%, market cap 6.206 billion yuan [5][16] Consumer Sector Stocks - Notable performers included: - Hanchang Group: 10.92 yuan, +9.97%, market cap 3.22 billion yuan - Nanjing New百: 7.55 yuan, +10.06%, market cap 8.796 billion yuan - Rainbow Group: 22.65 yuan, +10.00%, market cap 2.38 billion yuan [7][16] Nuclear Fusion Stocks - Key stocks included: - GuoJi Heavy Industry: 4.09 yuan, +9.95%, market cap 29.503 billion yuan - XueRen Group: 11.44 yuan, +10.00%, market cap 7.443 billion yuan [9][10]

证券代码：600137 证券简称：浪莎股份 公告编号：2025-031 四川浪莎控股股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的提示性公告 投资者西藏巨浪科技有限公司保证向本公司提供的信息真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息 一致。 重要内容提示： | 权益变动方向 | | 比例增加□ | 比例减少√ | | --- | --- | --- | --- | | 权益变动前合计比例 | 13% | | | | 权益变动后合计比例 | 12% | | | | 本次变动是否违反已作出的承 诺、意向、计划 | 是□ | 否√ | | | 是否触发强制要约收购义务 | 是□ | 否√ | | 一、 信息披露义务人的基本信息 1.身份类别 | | □控股股东/实际控制人及其一致行动人 √其他 5%以上大股东及其一致行动人 | | --- | --- | | 投资者的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他______________（请注明） | 注释： ...

Core Points - The major shareholder, Tibet Giant Wave Technology Co., Ltd., has released 1 million shares from pledge, accounting for 7.91% of its total holdings in the company [1][3] - As of the announcement date, Tibet Giant Wave Technology Co., Ltd. still has 11.91% of its shares pledged [1] Summary by Sections Shareholder Information - Shareholder Name: Tibet Giant Wave Technology Co., Ltd. [3] - Shares Released from Pledge: 1,000,000 [3] - Percentage of Shares Released: 7.91% of its holdings [3] - Percentage of Total Company Shares: 1.03% [3] - Total Shares Held: 12,638,500 [3] - Percentage of Total Company Shares Held: 13.00% [3] - Remaining Pledged Shares: 11,580,000 [3] Pledge Transactions - A total of 13,814,400 shares were involved in stock pledge repurchase transactions with Northeast Securities Co., Ltd. [2] - Additional pledge transactions occurred on August 2, 2017, with 2,860,000 shares, and on December 7, 2017, with 3,170,000 shares [2] - On August 22, 2024, 1,037,888 shares were pledged to Yanbian Rural Commercial Bank Co., Ltd. [2]

证券代码：600137 股票简称：浪莎股份 编号：临 2025-030 1 四川浪莎控股股份有限公司 持股 5%以上股东部分股份解除质押公告 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。 重要内容提示: 本次持股 5%以上股东西藏巨浪科技有限公司解除持有本公司 质押股份 100 万股，占持有公司股份总数的 7.91%。 截至本公告日，西藏巨浪科技有限公司累计仍质押本公司股份 1158.00 万股，占其持有本公司股份总数的 91.62%。占本公司总股本 的 11.91%。 四川浪莎控股股份有限公司（以下简称"本公司"）于 2025 年 7 月 16 日接到本公司持股 5%以上股东西藏巨浪科技有限公司（以下简 称"该公司"）书面告知函，告知了关于该公司解除持有本公司质押 股份情况。根据相关规定，现将本次持股 5%以上股东持有股份解除 质押情况公告如下： 1、该公司分别于2016年12月22日、2017年3月27日，将合计持有 本公司股份中的1381.44万股办理了与东北证券股份有限公司进行股 票质押式回购交易业务。201 ...

Core Viewpoint - Sichuan Langsha Holdings Co., Ltd. announced a cash dividend distribution of 0.186 CNY per share, totaling approximately 18.08 million CNY, approved at the 2024 annual shareholders' meeting on June 20, 2025 [1][2]. Dividend Distribution Details - The cash dividend of 0.186 CNY per share is based on a total share capital of 97,217,588 shares [1]. - The relevant dates for the dividend distribution are as follows: - Record date: July 15, 2025 - Last trading day: July 16, 2025 - Ex-dividend date: July 16, 2025 [1][2]. Taxation Information - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax [2]. - For shares held for one year or less, no withholding tax will be applied at the time of distribution [2]. - QFII shareholders will receive a net dividend of 0.1674 CNY per share after a 10% withholding tax [2][4]. Implementation Method - The cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to shareholders registered by the record date [1][2]. - Shareholders who have not completed designated trading will have their dividends held by the clearing company until the trading is completed [1].

证券代码：600137 证券简称：浪莎股份 公告编号：2025-029 四川浪莎控股股份有限公司 2024年年度权益分派实施公告 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。 每股分配比例 A 股每股现金红利0.186元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/15 | － | 2025/7/16 | 2025/7/16 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 6 月 20 日的2024年年度股东会审议通过。 重要内容提示： | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/15 | － | 2025/7/16 | 2025/7/16 | 四、 分配实施办法 1. 实施办法 （1）无限售条件 ...

Core Viewpoint - The recent personnel changes at Langsha Co., Ltd. signify a shift from a family governance model to a professional management approach, indicating a move towards "de-familization" [4][5][6] Group 1: Management Changes - Founder Weng Rongdi continues as Chairman and General Manager, while family members Weng Xiaofeng and Weng Xiaofei exit the core management team [4][5] - The board size has been reduced from 7 to 5 members, with family representation decreasing from 3 to 1 [5] - New appointments include Jin Zhoubin as Deputy General Manager and Lu Mingliang as the new financial head, both of whom are internally cultivated talents [6] Group 2: Financial Performance - Langsha's revenue from 2022 to 2024 was 327 million, 388 million, and 380 million yuan, with net profits of 17.27 million, 22.63 million, and 23.40 million yuan respectively [7] - In Q1 2025, the company reported a revenue of 64.60 million yuan, a decline of 9.65% year-on-year, while net profit increased by 96.33% to 9.31 million yuan [7] - The number of stores decreased from 384 at the end of 2022 to 282 by the end of 2024, a reduction of 102 stores or 27% [7] Group 3: Business Model and Challenges - Langsha relies heavily on the OEM model, with 85.86% of production being OEM, which has led to lower profit margins compared to competitors [8] - The company faced quality issues, including a scandal involving a subcontractor, which highlighted the risks associated with the OEM model [8] - The gross margin has been consistently lower than competitors, with figures ranging from 13% to 20.30% from 2020 to 2024 [8] Group 4: Market Opportunities - The company is focusing on the "Guochao" (national trend) market, anticipating growth in domestic demand for fashionable and personalized innerwear [10] - The "Guochao" clothing market has seen significant growth, with a compound annual growth rate of nearly 16% from 2017 to 2023 [10] - However, experts suggest that Langsha has not effectively capitalized on the "Guochao" trend and faces intense competition in this space [11]

Core Viewpoint - The announcement indicates a decrease in the shareholding percentage of a major shareholder, Xizang Jiulang Technology Co., Ltd., from 14.00% to 13.00%, which does not trigger mandatory tender offer obligations [1][1]. Group 1: Shareholder Information - The major shareholder involved in the equity change is Xizang Jiulang Technology Co., Ltd., which is classified as a shareholder holding more than 5% of the company's shares [1][1]. - The shareholder's identity is confirmed as a direct shareholder without any concerted action with other parties [1][1]. Group 2: Equity Change Details - The equity change occurred through centralized bidding, with the number of shares held decreasing from 13,610,600 shares to 12,638,500 shares [1][1]. - The change in shareholding percentage represents a reduction of 1% [1][1]. Group 3: Compliance and Regulations - The equity change does not violate any prior commitments or plans made by the shareholder [1][1]. - The actions taken by the shareholder comply with relevant laws and regulations, including the Interim Measures for the Management of Shareholders' Reduction of Holdings and the Self-Regulatory Guidelines for Listed Companies [1][1].

证券代码：600137 证券简称：浪莎股份 公告编号：2025-028 四川浪莎控股股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的提示性公告 投资者西藏巨浪科技有限公司保证向本公司提供的信息真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息 一致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少√ | | --- | --- | --- | --- | | 权益变动前合计比例 | 14.00% | | | | 权益变动后合计比例 | 13.00% | | | | 本次变动是否违反已作出的承 | 是□ | 否√ | | | 诺、意向、计划 | | | | | 是否触发强制要约收购义务 | 是□ | 否√ | | 一、 信息披露义务人的基本信息 1.身份类别 | | □控股股东/实际控制人及其一致行动人 | | --- | --- | | | √其他 5%以上大股东及其一致行动人 | | 投资者的身份 | □合并口径第一大股东及其一致行动人（仅适用于无 | | | 控股股东、实际控制人） | | | □其他___ ...

证券代码：600137 股票简称：浪莎股份 编号：临 2025-027 重要内容提示: 本次持股 5%以上股东西藏巨浪科技有限公司解除持有本公司 质押股份 100 万股，占持有公司股份总数的 7.36%。 截至本公告日，西藏巨浪科技有限公司累计仍质押本公司股份 1258.00 万股，占其持有本公司股份总数的 92.63%。占本公司总股本 的 12.94%。 四川浪莎控股股份有限公司（以下简称"本公司"）于 2025 年 7 月 3 日接到本公司持股 5%以上股东西藏巨浪科技有限公司（以下简 称"该公司"）书面告知函，告知了关于该公司解除持有本公司质押 股份情况。根据相关规定，现将本次持股 5%以上股东持有股份解除 质押情况公告如下： 1、该公司分别于2016年12月22日、2017年3月27日，将合计持有 本公司股份中的1381.44万股办理了与东北证券股份有限公司进行股 票质押式回购交易业务。2017年8月2日又办理了补充股票质押式回购 交易，即将持有本公司286万股与东北证券股份有限公司进行了补充 股票质押式回购交易业务。2017年12月7日再次办理了补充股票质押 1 四川浪莎控股股份有限公司 持股 5% ...