格隆汇12月17日丨雅戈尔(600177.SH)公布，截至2025年12月17日，公司通过集中竞价交易方式已累计 回购股份9276.66万股，占公司总股本的比例为2.01%，购买的最高价为7.81元/股、最低价为7.28元/股， 已支付的总金额为6.93亿元（不含交易费用）。 财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：安东 ...

重要内容提示： | 回购方案首次披露日 | 2025/8/30 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 8 月 8 | 28 | 日~2026 | 年 | 月 | 27 | 日 | | 预计回购金额 | 50,000万元~96,000万元 | | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | | | | | | □用于转换公司可转债 | | | | | | | | | □为维护公司价值及股东权益 | | | | | | | | 累计已回购股数 | 9,276.66万股 | | | | | | | | 累计已回购股数占总股本比例 | 2.01% | | | | | | | | 累计已回购金额 | 69,347.08万元 | | | | | | | | 实际回购价格区间 | 7.28元/股~7.81元/股 | | | | | | | 一、回购股份的基本情况 公司于 2025 年 8 月 28 日召开第十一届董事会第二十次会议，审议通过 ...

雅戈尔时尚公告称，公司于2025年8月28日至2026年8月27日开展回购，预计回购5亿元 - 9.6亿元股份用 于员工持股计划或股权激励。截至12月17日，累计回购9276.66万股，占总股本2.01%，累计已回购金额 6.93亿元，实际回购价格区间为7.28元/股 - 7.81元/股。 ...

Core Viewpoint - The company Shengtai Group (605138.SH) announced a share reduction plan by its shareholder Youngor Apparel, which will take place over a specified period [1] Group 1: Share Reduction Plan - Youngor Apparel plans to reduce its holdings by up to 1% of the total share capital, equating to a maximum of 5.5557 million shares, through centralized bidding within three months after the announcement [1] - Additionally, Youngor Apparel intends to reduce up to 2% of the total share capital, or 11.1114 million shares, via block trading within the same three-month period [1] - The share reduction will be limited to no more than 1% of the total share capital in any consecutive 90-day period through centralized bidding and 2% through block trading [1]

人民财讯12月17日电，盛泰集团（605138）12月17日公告，持股12.61%的股东雅戈尔（600177）服装 控股有限公司拟减持不超过1666.71万股公司股份，不超过公司总股本的3%。 ...

智通财经APP讯，盛泰集团(605138.SH)发布公告，雅戈尔服装自减持计划公告之日起15个交易日后的3 个月内拟通过集中竞价交易方式减持不超过公司总股本的1%，即减持数量不超过555.57万股。自减持 计划公告之日起15个交易日后的3个月内拟通过大宗交易方式减持不超过公司总股本的2%，即减持数量 不超过1111.14万股。 ...

智通财经APP讯，盛泰集团(605138.SH)发布公告，雅戈尔服装自减持计划公告之日起15个交易日后的3 个月内拟通过集中竞价交易方式减持不超过公司总股本的1%，即减持数量不超过555.57万股。自减持 计划公告之日起15个交易日后的3个月内拟通过大宗交易方式减持不超过公司总股本的2%，即减持数量 不超过1111.14万股。 ...

盛泰集团公告，持股5%以上股东雅戈尔服装控股有限公司持有公司无限售条件流通股7007.92万股，占 公司总股本12.61%。雅戈尔服装计划自本减持计划公告之日起15个交易日后的3个月内，通过集中竞价 交易方式减持不超过555.57万股，占公司总股本1%；通过大宗交易方式减持不超过1111.14万股，占公 司总股本2%，合计减持不超过1666.71万股，占公司总股本3%。 ...

Quantitative Models and Construction Methods 1. Model Name: Liquidity Impact Coefficient Model - **Model Construction Idea**: This model measures the liquidity impact of index adjustments on individual stocks by calculating the ratio of net fund flows to the stock's recent average daily trading volume[12][13] - **Model Construction Process**: The liquidity impact coefficient for a stock is calculated as follows: $$ impact_{i} = \sum_{k=1}^{N} \frac{\Delta weight_{k,i} \times AUM_{k}}{amt\_avg_{i,20}} $$ - \( \Delta weight_{k,i} \): Estimated weight change of stock \( i \) in index \( k \) - \( AUM_{k} \): Total assets under management of passive products tracking index \( k \) as of the end of November - \( amt\_avg_{i,20} \): Average daily trading volume of stock \( i \) over the past 20 trading days as of the end of November[12][13] - **Model Evaluation**: The model provides a quantitative framework to estimate short-term liquidity shocks caused by index adjustments, but it is subject to data discrepancies and assumptions, which may lead to deviations from actual results[13] --- Model Backtesting Results Liquidity Impact Coefficient Model - **Top 5 Stocks with Highest Positive Impact Coefficients**: - Zhangjiagang Bank (002839 CH): 11.55[15] - Jiangzhong Pharmaceutical (600750 CH): 11.44[15] - Tower Group (002233 CH): 11.04[15] - Jichuan Pharmaceutical (600566 CH): 10.14[15] - Zhengbang Technology (002157 CH): 9.99[15] - **Top 5 Stocks with Highest Negative Impact Coefficients**: - Shenzhen Expressway (600548 CH): -24.95[16] - Vanward Electric (002543 CH): -20.90[16] - Aviation Materials (688563 CH): -14.06[16] - Huaxi Biology (688363 CH): -10.81[16] - Ninghu Expressway (600377 CH): -10.54[16] --- Quantitative Factors and Construction Methods 1. Factor Name: Net Fund Flow Factor - **Factor Construction Idea**: This factor estimates the net fund inflow or outflow for stocks due to index adjustments, based on changes in index weights and the total AUM of passive products tracking the index[9][10] - **Factor Construction Process**: - Outflow Amount: Total AUM of linked products multiplied by the stock's actual weight in the index as of the end of November - Inflow Amount: Total AUM of linked products multiplied by the estimated weight of the stock in the index post-adjustment - Weight estimation is based on free-float market capitalization and index-specific weighting rules, such as dividend yield weighting or market capitalization weighting[9][10] - **Factor Evaluation**: The factor provides a transparent and systematic approach to estimate fund flows, but it is sensitive to assumptions about future index weights and AUM changes[9][10] --- Factor Backtesting Results Net Fund Flow Factor - **Top 5 Stocks with Highest Net Fund Inflows**: - Victory Precision (300476 CH): 112.61 billion CNY[10] - Dongshan Precision (002384 CH): 99.32 billion CNY[10] - Guangqi Technology (002625 CH): 77.81 billion CNY[10] - Sugon Information (603019 CH): 65.44 billion CNY[10] - Top Group (601689 CH): 53.07 billion CNY[10] - **Top 5 Stocks with Highest Net Fund Outflows**: - China Mobile (600941 CH): -40.02 billion CNY[11] - CRRC Corporation (601766 CH): -36.40 billion CNY[11] - Aluminum Corporation of China (601600 CH): -34.29 billion CNY[11] - TCL Zhonghuan (002129 CH): -30.07 billion CNY[11] - Huagong Tech (000988 CH): -27.44 billion CNY[11]

证券代码：600177 证券简称：雅戈尔 公告编号：2025-047 公司于 2025 年 9 月 12 日实施 2025 年第一季度权益分派，回购股份的价格上 限由 8 元/股调整为 7.92 元/股，调整后的回购价格上限于 2025 年 9 月 12 日生效。 具体内容详见公司于 2025 年 9 月 13 日披露的《关于 2025 年第一季度权益分派实 施后调整回购股份价格上限的公告》（公告编号：临 2025-037）。 公司将于 2025 年 12 月 4 日实施 2025 年半年度权益分派，回购股份的价格上 限由 7.92 元/股调整为 7.84 元/股，调整后的回购价格上限于 2025 年 12 月 4 日生 效。具体内容详见公司于 2025 年 11 月 28 日披露的《关于 2025 年半年度权益分 派实施后调整回购股份价格上限的公告》（公告编号：临 2025-046）。 二、回购股份的进展情况 雅戈尔时尚股份有限公司 关于股份回购进展公告 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。 重要内容提示： | 回 ...