百隆东方股份有限公司独立董事候选人声明 （四）中共中央纪委、中共中央组织部《关于规范中管干部 辞去公职或者退（离）休后担任上市公司、基金管理公司独立董 事、独立监事的通知》的规定； （五）其他法律法规、部门规章、规范性文件和上海证券交 1 易所规定的情形。 本人朱北娜，已充分了解并同意由提名人百隆东方股份有限 公司董事会提名为百隆东方股份有限公司（以下简称"该公司"） 第六届董事会独立董事候选人。本人公开声明，本人具备独立董 事任职资格，保证不存在任何影响本人担任该公司独立董事独立 性的关系，具体声明如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、行 政法规、部门规章及其他规范性文件，具有 5 年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 被提名人已经参加培训并取得证券交易所认可的相关培训 证明材料（如有）。 二、本人任职资格符合下列法律法规和部门规章以及公司规 章的要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的 规定； （三）中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以 ...

证券代码：601339 证券简称：百隆东方 公告编号：2025-025 百隆东方股份有限公司 关于召开2025年第一次临时股东会的通知 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： 一、 召开会议的基本情况 (一)股东会类型和届次 2025年第一次临时股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 8 月 22 日 14 点 00 分 召开地点：浙江省宁波市鄞州区甬江大道 188 号 宁波财富中心 8 楼 E 会议 室 (五)网络投票的系统、起止日期和投票时间。 股东会召开日期：2025年8月22日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 8 月 22 日 至2025 年 8 月 22 日 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股 东会召开当日的交 ...

证券代码：601339 证券简称：百隆东方 公告编号：2025-023 百隆东方股份有限公司 第五届董事会第十七次会议决议公告 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。 公司第五届董事会第十七次会议于2025年8月6日在公司总部会议室以通讯 表决结合现场表决方式召开。公司于2025年7月29日以电子邮件送达方式向全体 董事发出会议通知和会议资料。本次会议应到董事9人，实际到会并参加表决9 人。会议召集、召开及表决方式符合《公司法》及《公司章程》等的有关规定， 所形成决议合法有效。 经与会董事认真审议，本次会议审议通过如下事项： 一、审议通过《关于提名第六届董事会候选人的议案》 根据公司章程规定，经公司董事会审议通过决定提名杨卫新、杨卫国、杨燿 斌、张奎、麦家良、夏建明、朱北娜、余毓为公司第六届董事会董事候选人，其 中夏建明、朱北娜、余毓为独立董事候选人。任期自股东会审议通过之日起三年。 公司董事会对上述议案进行了分项表决，8个子议案表决结果均为：9票同意， 0票反对，0票弃权。 董事候选人简历详见附件；独立董事提名 ...

Core Insights - Adidas reported a 7% year-on-year revenue growth for FY2025H1, reaching €12.105 billion, with a net profit increase of 121% to €798 million [4] - The brand's revenue growth was 14% on a currency-neutral basis, with all regional markets achieving double-digit growth [4] - The company maintains its full-year guidance, expecting high single-digit revenue growth on a currency-neutral basis for FY2025, with double-digit growth for the Adidas brand [4] Market Trends - The domestic market indices showed positive performance, with the Shanghai Composite Index closing at 3,617.60, up 0.96% [3] - The textile and apparel sector experienced a decline of 2.14% this week, underperforming the broader market [5] - Retail sales of sports and entertainment products grew significantly, with a 22.2% year-on-year increase in the first half of 2025 [5] Industry Dynamics - The Chinese gold consumption in the first half of 2025 was 505.205 tons, a decrease of 3.54% year-on-year, with jewelry consumption dropping by 26% [5] - The pharmaceutical industry is seeing advancements in innovative drugs, particularly in obesity treatments with GLP-1 and Amylin therapies showing promising results in clinical trials [8][11] - In the biopharmaceutical sector, ADC drugs for lung cancer are demonstrating significant efficacy, with several products showing improved outcomes in clinical trials [10][12]

天眼查商业履历信息显示，百隆东方股份有限公司，成立于2004年，位于宁波市，是一家以从事木材加 工和木、竹、藤、棕、草制品业为主的企业。企业注册资本149956.9万人民币，实缴资本149956.9万人 民币。公司法定代表人为杨卫新。 通过天眼查大数据分析，百隆东方股份有限公司共对外投资了7家企业，参与招投标项目7次，知识产权 方面有商标信息72条，专利信息100条，此外企业还拥有行政许可1个。 来源：金融界 金融界消息 截至2025年7月31日收盘，百隆东方（601339）报收于5.28元，下跌2.04%，换手率1.03%， 成交量15.42万手，成交金额8178.38万元。 资金流向方面，今日主力资金净流出1684.16万元，占比成交额20.59%。其中，超大单净流出1280.75万 元、占成交额15.66%，大单净流出403.41万元、占成交额4.93%，中单净流出流入33.51万元、占成交额 0.41%，小单净流入1650.65万元、占成交额20.18%。 百隆东方最新一期业绩显示，截至2025一季报，公司营业总收入17.31亿元、同比减少5.63%，归属净利 润1.73亿元，同比增长115.95%， ...

Investment Rating - The industry investment rating is "Overweight" [12]. Core Insights - The report highlights a positive outlook for cotton spinning companies' interim reports, suggesting a focus on the value of mid-to-upstream overseas production capacity in manufacturing [2][3]. - The report indicates a decrease in the fund holdings for the apparel and textile manufacturing sectors in Q2 2025, with specific percentages noted [2][3]. - The report emphasizes the expected improvement in interim reports and the expansion of new retail formats, recommending specific companies based on their performance and market conditions [12]. Summary by Sections Market Review - The textile and apparel sector saw a 1.45% increase in the A-share market, underperforming the CSI 300 by 0.24 percentage points [7]. - The textile manufacturing sector rose by 2.34%, while the apparel and home textile sector increased by 1.37% [7]. - The current PE valuation for the textile and apparel sector is 19.42 times, below the historical average of 25.09 times [9]. Industry Data Tracking - In June 2025, retail sales of clothing increased by 1.7%, while textile exports decreased by 0.3% [15]. - Cumulative textile and apparel exports from January to June 2025 reached approximately $143.99 billion, with a year-on-year growth of 0.42% [17]. - Cotton prices in China fell by 0.26% to 15,549 RMB per ton, while polyester prices showed mixed trends [19]. Key Announcements and News - Tianhong International Group announced a profit forecast indicating a 60% year-on-year increase in net profit for the first half of 2025 [31]. - Puma has lowered its 2025 performance expectations due to lower-than-expected sales growth and potential impacts from new tariffs [35]. - Mango reported a 12% increase in revenue for the first half of 2025, driven by strong international business performance [36].

Investment Rating - The investment rating for the company is "Hold" [6] Core Views - The company expects a significant increase in net profit for the first half of 2025, projecting a range of CNY 350 million to CNY 410 million, representing a year-on-year growth of 50% to 76%. The net profit after excluding non-recurring gains is expected to be between CNY 323 million and CNY 383 million, indicating a growth of 202% to 258% [1] - The growth in profitability is attributed to a full order book in both domestic and overseas markets, along with improved overall capacity utilization [1] - The company's color-spun yarn products are driving profitability, with sales expected to generate CNY 4.056 billion in revenue for 2024, accounting for 55% of total revenue, and a gross margin of 11.22% [2] - The company is focusing on innovation and sustainable production, launching new eco-friendly products to meet global demand [2] - The company's production capacity in Vietnam accounts for approximately 77% of total capacity, benefiting from lower labor costs and tax incentives, which enhances its international competitiveness [3] Financial Projections - Revenue projections for 2025 to 2027 are CNY 87.5 billion, CNY 97.2 billion, and CNY 107.6 billion respectively, with net profits expected to be CNY 5.5 billion, CNY 5.9 billion, and CNY 6.5 billion [4] - Earnings per share (EPS) are projected to be CNY 0.37, CNY 0.39, and CNY 0.43 for the years 2025, 2026, and 2027 respectively, with corresponding price-to-earnings (P/E) ratios of 14x, 13x, and 12x [4] - The company’s total revenue for 2023 is reported at CNY 6.914 billion, with a growth rate of -1.08%, and is expected to grow by 14.86% in 2024 [5] Market Position - The company operates in the textile and apparel manufacturing industry, with a strong focus on innovative and sustainable practices [6] - The current market capitalization is approximately CNY 7.753 billion, with a total share capital of 1,499.57 million shares [7]

Core Viewpoint - Bailong Oriental is gradually emerging from the industry's "de-inventory" shadow, with significant improvements in its financial performance and operational efficiency [1][5]. Financial Performance - For the first half of 2025, the company expects a net profit of 350 million to 410 million yuan, representing a year-on-year increase of 50.21% to 75.97%. The non-net profit is projected to be 323 million to 383 million yuan, with a year-on-year growth of 201.87% to 257.94% [2][3]. - In 2024, Bailong Oriental achieved an operating income of 7.941 billion yuan, a year-on-year increase of 14.86%, while net profit decreased by 18.62% to 410 million yuan. However, the non-net profit surged by 1128.03% to 220 million yuan [3]. Market and Production Capacity - The company has a strong order backlog in both domestic and overseas markets, leading to improved overall capacity utilization and increased main business profits [2][3]. - Bailong Oriental is a leading producer of colored spun yarn in China, with its Vietnamese subsidiary accounting for approximately 77% of its total production capacity, which has reached 1.26 million spindles [1][6]. Raw Material Dependency and Risk Management - Raw materials constitute about 70% of the company's operating costs, with cotton being the most significant component. The company has adapted its procurement strategy based on domestic and international production layouts [3]. - Bailong Oriental has engaged in futures trading to hedge against raw material price fluctuations, which has led to significant variations in investment income. In 2022, the company earned 777 million yuan from cotton futures, but this dropped to 127 million yuan in 2023 and further decreased to 76.71 million yuan in 2024 [4][5]. International Expansion and Client Base - Since 2013, Bailong Oriental has been expanding its overseas production capacity, focusing on a "small batch, multiple varieties, and quick response" business model. The company serves both domestic brands like Li Ning and international brands such as Nike and Adidas [6][7]. - In 2024, the company reported overseas revenue of 5.425 billion yuan, accounting for 68.32% of total revenue, with the Vietnamese subsidiary achieving a revenue of 5.997 billion yuan, a year-on-year increase of 13.03% [7].

Core Viewpoint - Bailong Oriental Co., Ltd. expects significant profit growth for the first half of 2025, driven by strong domestic and international orders, improved capacity utilization, and increased main business profits [1] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of between 350 million to 410 million yuan for the first half of 2025, representing a year-on-year increase of 50.21% to 75.97% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 323 million to 383 million yuan, reflecting a year-on-year growth of 201.87% to 257.94% [1] - In 2024, the revenue from the Vietnam factory reached 5.997 billion yuan, a year-on-year increase of 13.03%, while net profit soared to 504 million yuan, up 299.91% [2] Group 2: Operational Efficiency - The company's performance is notably above the industry average, showcasing its competitive edge as a leading color-spun yarn manufacturer [1] - Bailong Oriental has optimized capacity utilization and operational efficiency, maintaining stable output from its manufacturing side [1] - The Vietnam factory has undergone a biomass fuel conversion for its boiler system, significantly reducing energy costs [2] Group 3: Capacity Expansion and Strategic Positioning - The company has established multiple production bases in Vietnam since 2013, with approximately 1.26 million spindles of spinning capacity, accounting for about 77% of its total capacity [1] - Bailong Oriental is advancing a new round of overseas capacity expansion to enhance global delivery capabilities and risk resilience [2] - The deep layout in Vietnam provides cost advantages in labor, energy, and taxes, while also improving export efficiency through free trade agreements [2] Group 4: Research and Development - In 2024, the company invested 112 million yuan in R&D, focusing on flexible spinning, integrated processing, and AI dyeing technology [3] - Innovations such as cashmere-like yarn and functional fiber dyeing have been accelerated, enhancing product touch and performance [3] - The company aims to empower its main business through continuous innovation and green production, while expanding into diverse markets to increase market share [3]

证券代码：601339 证券简称：百隆东方 公告编号：2025-022 百隆东方股份有限公司关于为控股子公司提供担保 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。 重要内容提示： （一） 担保的基本情况 近日，本公司之全资子公司淮安新国纺织有限公司（以下简称"淮安新国"） 与中国银行股份有限公司淮安开发区分行签署《授信额度协议》（编号： 150302619E202501 号）。为了担保以上《授信额度协议》项下的债务履行，公 司向债权人中国银行股份有限公司淮安开发区分行提供保证并签署《最高额保证 合同》（编号：2025 年淮开保字 XGFZ001 号），为淮安新国与中国银行发生的 授信业务提供不超过 20,000 万元的连带责任保证担保。 （二） 内部决策程序 担保对象及基本情况 | | 被担保人名称 本次担保金额 | 20,000.00 | 淮安新国纺织有限公司 万元 | | | --- | --- | --- | --- | --- | | 担保对象 | 实际为其提供的担保余额 | 20,000.00 | 万元 ...