Core Insights - The trade sector experienced a rise of 2.01% on October 31, with Jiangsu Guotai leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Trade Sector Performance - Jiangsu Guotai (002091) closed at 9.34, up 6.26% with a trading volume of 1.138 million shares and a transaction value of 1.071 billion [1] - Other notable performers included: - Dongfang Chuangye (600278) at 8.36, up 5.03% [1] - Nanjing Shanglv (600250) at 11.11, up 4.91% [1] - Shisuo Hongye (600128) at 11.00, up 3.09% [1] Capital Flow Analysis - The trade sector saw a net inflow of 231 million in main funds, while retail funds experienced a net outflow of 118 million and 113 million respectively [2] - Key individual stock capital flows included: - Jiangsu Guotai with a net inflow of 103 million, but retail outflows of 64 million [3] - Dongfang Chuangye with a net inflow of 94 million from main funds, but retail outflows of 60 million [3] - Nanjing Shanglv with a net inflow of 62 million from main funds, but retail outflows of 41 million [3]

Core Viewpoint - The company ensures the authenticity, accuracy, and completeness of its quarterly report, with all board members and senior management taking legal responsibility for the content [2][3]. Financial Data - The third-quarter financial statements are not audited [3]. - The report period refers to the three months from the beginning to the end of the quarter [3]. - The company has not identified any non-recurring gains or losses that are significant [4]. Shareholder Information - The total number of common shareholders and the number of preferred shareholders with restored voting rights are reported, along with the shareholding status of the top ten shareholders [5]. - There are no changes in the top ten shareholders or the top ten unrestricted circulating shareholders due to securities lending activities [5][6]. Other Important Information - There are no additional reminders for investors regarding the company's operational situation during the reporting period [6]. - The financial statements, including the consolidated balance sheet, income statement, and cash flow statement, are prepared by Jiangsu Suhao Fashion Group Co., Ltd. and are unaudited [6][7].

Group 1 - The core viewpoint of the article highlights the financial performance of Suhao Fashion, indicating a significant decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Group 2 - Suhao Fashion reported a revenue of approximately 1.848 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 20.12% [1] - The net profit attributable to shareholders of the listed company was approximately 33.13 million yuan, reflecting a year-on-year decrease of 42.08% [1] - As of the report date, Suhao Fashion's market capitalization stood at 2.4 billion yuan [2]

Financial Performance - The company's operating revenue for the third quarter was ¥667,493,786.48, a decrease of 24.16% year-on-year[4]. - Total profit for the quarter was ¥46,916,945.07, down 36.84% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥17,539,680.42, reflecting a decline of 54.25% year-on-year[4]. - The basic earnings per share for the quarter was ¥0.0402, a decrease of 54.25% compared to the same period last year[4]. - Total operating revenue for the first three quarters of 2025 was CNY 1,848,048,444.99, a decrease of 20.1% compared to CNY 2,313,482,032.58 in the same period of 2024[18]. - Net profit for the first three quarters of 2025 was CNY 67,850,495.54, a decline of 29.5% compared to CNY 96,281,139.74 in the same period of 2024[18]. - The company's basic earnings per share of CNY 0.0759 for the first three quarters of 2025, down from CNY 0.1310 in the same period of 2024[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,192,184,051.98, an increase of 0.90% from the end of the previous year[4]. - The company's total assets as of September 30, 2025, amounted to CNY 3,192,184,051.98, slightly up from CNY 3,163,772,349.08 at the end of 2024[16]. - Total liabilities decreased to CNY 718,567,000.43 as of September 30, 2025, from CNY 898,798,567.82 at the end of 2024, representing a reduction of 20.0%[16]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥56,920,355.34, a decrease of 120.84% compared to the same period last year[4]. - In the first three quarters of 2025, the net cash flow from operating activities was -56,920,355.34 RMB, compared to 273,072,382.94 RMB in the same period of 2024, indicating a significant decline[20]. - Total cash inflow from operating activities in 2025 was 2,080,381,831.23 RMB, down from 2,784,990,235.27 RMB in 2024, representing a decrease of approximately 25.3%[20]. - Cash outflow from operating activities totaled 2,137,302,186.57 RMB in 2025, compared to 2,511,917,852.33 RMB in 2024, reflecting a decrease of about 15%[20]. - The company reported a total cash inflow from operating activities of 2,080,381,831.23 RMB, while cash outflow was 2,137,302,186.57 RMB, leading to a negative cash flow[20]. Inventory and Costs - Total operating costs for the first three quarters of 2025 were CNY 1,783,728,609.52, down 20.5% from CNY 2,241,796,400.06 in the previous year[18]. - The company's inventory decreased to CNY 271,292,501.65 as of September 30, 2025, from CNY 409,774,151.33 at the end of 2024, indicating a reduction of 33.8%[16]. Other Income and Gains - Non-recurring gains and losses for the quarter amounted to ¥8,354,013.52, with significant contributions from government subsidies[9]. - The company reported a significant increase of 892.46% in net profit attributable to shareholders after deducting non-recurring gains and losses for the quarter[10]. - Other comprehensive income after tax for the first three quarters of 2025 was CNY 184,100,774.75, significantly higher than CNY 11,285,889.37 in the same period of 2024[18]. Cash Management - The net cash flow from investing activities was 115,080,628.62 RMB in 2025, a significant increase from 20,195,329.14 RMB in 2024[20]. - Cash inflow from investing activities in 2025 was 123,487,670.37 RMB, compared to 24,765,090.89 RMB in 2024, marking a substantial increase[20]. - Cash inflow from financing activities was 72,563,554.58 RMB in 2025, a decrease from 456,558,889.33 RMB in 2024, indicating a decline of approximately 84.2%[20]. - The net cash flow from financing activities was -115,167,331.63 RMB in 2025, compared to -476,741,797.85 RMB in 2024, showing an improvement in cash flow management[20]. - The ending cash and cash equivalents balance for 2025 was 623,481,308.82 RMB, an increase from 546,970,214.13 RMB in 2024[20]. Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[4]. - The company did not apply new accounting standards or interpretations for the year 2025[21].

江苏苏豪时尚集团股份有限公司 二零二五年第三次临时股东会 会 议 文 件 二零二五年十一月六日 2025 年第三次临时股东会会议文件 江苏苏豪时尚集团股份有限公司 二零二五年第三次临时股东会会议议程及有关事项 一、会议时间： 现场会议时间：2025 年 11 月 6 日（星期四）下午 14:30 网络投票时间： 1、采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间 为 2025 年 11 月 6 日（星期四）9:15-9:25，9:30-11:30，13:00-15:00； 2、通过互联网投票平台的投票时间为 2025 年 11 月 6 日（星期四）9:15-15:00。 二、会议方式：现场投票方式，网络投票方式（上海证券交易所股东大会网 络投票系统） 三、现场会议地点：南京市软件大道 21 号 B 座 1 楼会议室 四、现场会议支持人：董事长李炎洲先生 五、出席人员： 1、截至 2025 年 10 月 30 日收市后在中国证券登记结算有限责任公司上海分 公司登记在册的公司全体股东； 2、已登记而无法出席会议的股东，可书面委托代理人出席，代理人不必是 公司的股东； 3、公司部分董事和高级管理人员 ...

Core Viewpoint - The establishment of the Egypt garment production base project by Soho Fashion marks a significant step in the company's strategy for professionalization and internationalization, responding to the "Belt and Road" initiative and enhancing its global supply chain in the textile and apparel industry [1][2] Group 1: Project Overview - The Egypt garment production base project officially commenced on October 27 in the Suez Canal Economic Zone, with participation from the China Textile Import and Export Chamber [1] - The project aims to create a modern production base that includes workshops for clothing and home textile products, exhibition halls, office spaces, and supporting facilities, expected to be operational by Q3 2026 [2] Group 2: Strategic Importance - The project is a key initiative for Soho Fashion to solidify and expand its global supply chain, leveraging Egypt's unique position as the only fully vertically integrated textile industry in the MENA region [1] - The Suez Canal Economic Zone is highlighted as a critical node for Chinese enterprises looking to establish a presence in the Middle East and African markets under the "Belt and Road" framework [1] Group 3: Collaboration and Future Plans - The project management services will be provided by Soho Asset Operation Group, which is part of the Soho Holding Group, utilizing its extensive experience in project construction and management [2] - The collaboration aims to create a new model for resource complementarity and integrated development among the subsidiaries of Soho Holding Group, supporting the group's global expansion [2]

Core Viewpoint - The trade sector experienced a decline of 0.66% on October 24, with Dongfang Chuangye leading the drop, while the Shanghai Composite Index rose by 0.71% and the Shenzhen Component Index increased by 2.02% [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3950.31, marking an increase of 0.71% [1]. - The Shenzhen Component Index closed at 13289.18, reflecting a rise of 2.02% [1]. Group 2: Trade Sector Stocks - The trade sector saw mixed performance among individual stocks, with notable movements including: - Chimeida (600710) closed at 10.42, up by 2.46% with a trading volume of 345,500 shares and a transaction value of 361 million yuan [1]. - Kairuide (002072) closed at 7.50, up by 0.81% with a trading volume of 65,400 shares [1]. - CITIC Metal (601061) closed at 11.58, up by 0.26% with a trading volume of 425,100 shares [1]. - Wukuang Development (600058) closed at 9.08, down by 0.22% with a trading volume of 86,600 shares [1]. - Zhongcheng Co., Ltd. (000151) closed at 12.66, down by 0.71% with a trading volume of 44,300 shares [1]. - Yiyaton (002183) closed at 5.13, down by 0.97% with a trading volume of 989,300 shares [1]. - Jiangsu Guotai (002091) closed at 8.50, down by 1.05% with a trading volume of 189,400 shares [1]. - Shisuo Huihong (600981) closed at 2.98, down by 1.32% with a trading volume of 218,600 shares [1]. - Sumong Hongye (600128) closed at 10.84, down by 1.45% with a trading volume of 51,800 shares [1]. - Shisuo Fashion (600287) closed at 5.60, down by 1.75% with a trading volume of 42,900 shares [1]. Group 3: Capital Flow - The trade sector experienced a net outflow of 84.1855 million yuan from main funds, while retail funds saw a net inflow of 61.556 million yuan [3]. - Speculative funds recorded a net inflow of 22.6296 million yuan [3].

Group 1 - The company will hold its third extraordinary general meeting of shareholders on November 6, 2025 [2][10] - The meeting will be conducted using a combination of on-site and online voting methods [2][3] - The online voting will take place on the same day as the meeting, with specific time slots for trading system and internet platform voting [3][4] Group 2 - The meeting will review several proposals, including adjustments to the 2020 restricted stock incentive plan and the repurchase of certain restricted stocks [19][22] - The company plans to repurchase and cancel a total of 2,051,900 shares of restricted stock due to unmet performance targets [22][39] - The repurchase price for the restricted stock is set at 2.80 yuan per share, with a total expenditure of approximately 5.75 million yuan sourced from the company's own funds [39][40] Group 3 - The company intends to change its registered capital and amend its articles of association following the repurchase of restricted stocks [72] - The total number of shares will decrease from 438,847,974 to 436,796,074, and the registered capital will be reduced accordingly [72] - This change has been approved by the board and will be submitted for shareholder approval at the upcoming meeting [72]

Meeting Information - The third extraordinary general meeting of shareholders for 2025 will be held on November 6, 2025, at 14:30 [2] - The meeting will be conducted using a combination of on-site and online voting methods [2] - The location for the on-site meeting is Nanjing, Software Avenue, Building B, 1st Floor [2] Voting Procedures - Online voting will be conducted through the Shanghai Stock Exchange's shareholder meeting voting system, available from 9:15 to 15:00 on the day of the meeting [3] - Shareholders can vote via the trading system or the internet voting platform [7][8] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts [7] Meeting Attendance - Shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the registration date are eligible to attend [10] - The meeting will also include company directors, senior management, and appointed lawyers [10] Agenda Items - The meeting will review several proposals, including adjustments to the 2020 restricted stock incentive plan and the repurchase of certain restricted stocks [19][22] - The company plans to repurchase and cancel 2,051,900 shares of restricted stock due to unmet performance targets [22][39] - The company will also propose changes to its registered capital and amendments to its articles of association [47] Auditor Change - The company intends to appoint Zhongxinghua Certified Public Accountants as its auditor for the 2025 fiscal year, replacing Tianheng Certified Public Accountants [49] - The change is due to regulatory requirements regarding the tenure of auditing firms [50][61] - The proposed audit fees for 2025 are 1.36 million yuan, a decrease of 28.42% from the previous year [59] Legal Compliance - The company has ensured that all proposed actions comply with relevant laws and regulations, including the Company Law and the Securities Law [70]

Core Viewpoint - Jiangsu Suhao Fashion Group Co., Ltd. plans to reduce its stake in Nanjing Julong Co., Ltd. by selling 3.25 million shares, representing 2.94% of the company's total share capital, between November 11, 2025, and February 10, 2026 [1] Summary by Category - **Shareholder Action** - Jiangsu Suhao Fashion Group intends to sell 3.25 million shares of Nanjing Julong, which constitutes 2.94% of the total share capital [1]