财报分析 公司2025年三季报(截至9月30日)显示，营业收入5.92亿元，同比增长6.20%；但归母净利润6288.19万 元，同比下滑4.72%，盈利能力承压。单季度看，第三季度营收2.11亿元，同比增13.06%，净利润 1774.93万元，同比大幅增长191.47%，显示季度改善迹象。毛利率为26.01%，负债率19.42%，财务结构 相对稳健。 经济观察网彩蝶实业（603073）近期热点集中在概念题材和公司基本面。公司位于浙江省湖州市，属于 共同富裕示范区范畴，并受益于中俄贸易概念、一带一路倡议及人民币贬值效应。根据2024年年报，公 司海外营收占比达53.47%，产品销往俄罗斯，且2020年在埃及投资建厂响应"一带一路"政策。这些因素 可能对短期市场情绪产生催化作用。 股票近期走势 近7天(截至2026年2月13日)，彩蝶实业股价呈现震荡走势。2月13日最新收盘价为21.00元，单日跌幅 0.05%，成交额4229.00万元，换手率3.98%。资金流向方面，2月13日主力资金净流入80.99万元，但2月 9日至12日期间曾出现净流出(如2月9日净流出127.45万元)。技术面显示当前股价接近压力位 ...

Investment Rating - The report maintains a "Positive" investment rating for the textile manufacturing sector [8] Core Insights - Egypt is emerging as a new hotspot for textile industry investment due to its multiple tariff benefits, attractive domestic industrial support policies, abundant and inexpensive labor resources, and high cost-effectiveness for factory establishment. The strategic location at the crossroads of Asia, Africa, and Europe, along with the logistical advantages provided by the Suez Canal, facilitates a comprehensive development of the textile industry from quality raw material self-sufficiency to mature garment manufacturing. This combination of advantages positions Egypt as a significant increment for many Chinese textile companies' global capacity layout [2][6] Summary by Sections Trend: Egypt as a New Hotspot for Textile Industry Transfer - In recent years, Egypt has become a new hotspot for the transfer of the Chinese textile industry, with companies like Crystal International, Jian Sheng Group, and New Feng Ming announcing substantial investments in factory construction in Egypt [4][14] Attractiveness of Egypt for Textile Companies - **Business Environment**: Egypt benefits from multiple trade agreements covering Europe, America, and Africa, significantly reducing export costs and compliance thresholds. The government provides comprehensive support for foreign textile companies, enhancing the attractiveness of Egypt as an investment destination [5][19] - **Endowments & Costs**: Egypt has a young, abundant, and inexpensive labor force, with manufacturing average monthly salaries at 1,353 yuan, significantly lower than many Southeast Asian countries. The costs for land, energy, and water are also competitive, allowing for lower overall factory establishment costs [27][33] - **Geographical Conditions**: Egypt's strategic location allows for shorter shipping times to major markets, meeting the demand for quick delivery from downstream brands. Shipping times to the U.S. East Coast are approximately 20-25 days, shorter than from China and other Southeast Asian countries [43] - **Industrial Cluster**: Egypt has a relatively complete textile industry chain, with some quality self-sufficiency in long-staple cotton. However, it relies on imports for upstream fabrics and synthetic fibers, indicating a need for foreign investment to strengthen the industry [5][6] Recommendations - The report recommends investing in companies with multi-category OEM capabilities and those establishing scarce production capacity in Egypt to enhance long-term competitiveness, such as Crystal International and Shenzhou International. It also suggests focusing on companies like New Australia Co., which benefit from low inventory costs due to rising raw material prices [6]

证券日报网讯2月2日，彩蝶实业（603073）在互动平台回答投资者提问时表示，公司已根据相关规定在 定期报告中披露了主要业务、销售模式、主营业务分地区情况等信息，具体请以公司公开披露信息为 准。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 上海证券交易所： 根据《上海证券交易所上市公司自律监管指引第11号——持续督导》等有关法律、法规的规定，国信证 券股份有限公司（以下简称"国信证券"、"保荐机构"）作为正在履行浙江彩蝶实业股份有限公司（以下 简称"彩蝶实业"、"上市公司"、"公司"）首次公开发行并上市持续督导工作的保荐机构，对上市公司 2025年度的规范运行情况进行了现场检查，报告如下： 一、本次现场检查的基本情况 （一）保荐机构 国信证券股份有限公司 2026年1月12日至2026年1月14日，2026年1月21日至2026年1月23日 （六）现场检查方法 现场检查人员查阅了2025年度持续督导期间的"三会"文件、公司的相关制度和募集资金相关的材料等； 对公司高级管理人员进行访谈，了解公司的公司治理情况、内控情况、信息披露情况及募集资金使用情 况等。 二、对现场检查事项逐项发表的意见 （一）公司治理和内部控制情况 经现场检查，保荐机构认为：截至现场检查之日，彩蝶实业建立了较为完善的法人治理结构，公司章 程、股东大会、董事会和监事会（审计委员会）的议事规则得到贯彻执行，公司董事、监事和高级管理 ...

国信证券股份有限公司 根据《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有 关法律、法规的规定，国信证券股份有限公司（以下简称"国信证券"、"保荐 机构"）作为正在履行浙江彩蝶实业股份有限公司（以下简称"彩蝶实业"、"上 市公司"、"公司"）首次公开发行并上市持续督导工作的保荐机构，对上市公 司 2025 年度的规范运行情况进行了现场检查，报告如下： 关于浙江彩蝶实业股份有限公司 2025 年持续督导工作现场检查报告 上海证券交易所： 一、本次现场检查的基本情况 （一）保荐机构 国信证券股份有限公司 （二）保荐代表人 董伟、傅毅清 （三）现场检查时间 2026 年 1 月 12 日至 2026 年 1 月 14 日，2026 年 1 月 21 日至 2026 年 1 月 23 日 （四）现场检查人员 董伟、傅毅清、黄戎 （五）现场检查内容 1、公司治理和内部控制情况； 2、信息披露情况； 3、公司的独立性以及与控股股东、实际控制人及其他关联方资金往来情况； 4、募集资金使用情况； 5、关联交易、对外担保、重大对外投资情况； 6、经营状况； 7、保荐机构认为应当予以现场检查的其他事项。 （六） ...

Group 1 - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] - As of January 19, there are 828 stocks with a circulating market value below 3 billion yuan, and 309 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,502 stocks have a total market value below 5 billion yuan, with 463 stocks having a total market value below 3 billion yuan [1] Group 2 - The three stocks with the smallest circulating market values are *ST Changyao at 0.154 billion yuan, *ST Aowei at 0.274 billion yuan, and *ST Lifang at 0.429 billion yuan [1] - The three stocks with the smallest total market values are *ST Changyao at 0.154 billion yuan, *ST Aowei at 0.309 billion yuan, and *ST Lifang at 0.430 billion yuan [1] - A detailed list of stocks with circulating market values below 2 billion yuan includes various sectors such as pharmaceuticals, defense, and technology [1][2]

Group 1 - The chemical fiber sector experienced a slight increase of 0.11% on January 7, with Jilin Carbon Valley leading the gains [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] - Notable gainers in the chemical fiber sector included Jilin Qigu, which rose by 5.63% to a closing price of 18.02, and Taihe New Materials, which increased by 4.46% to 11.71 [1] Group 2 - The chemical fiber sector saw a net outflow of 214 million yuan from main funds, while retail funds had a net inflow of 25.27 million yuan [2] - The trading volume for Jilin Qigu was 281,000 shares, with a transaction value of 497 million yuan, indicating strong investor interest [1][2] - The overall market sentiment reflected mixed performances, with some stocks like Sanfangxiang and Haiyang Technology experiencing declines of 6.20% and 4.10%, respectively [2] Group 3 - Main fund inflows were observed in stocks like Xinxiang Chemical Fiber, which had a net inflow of 36.42 million yuan, and Nanjing Chemical Fiber with 16.69 million yuan [3] - Retail investors showed a negative sentiment towards several stocks, with significant outflows from Xinxiang Chemical Fiber and Nanjing Chemical Fiber, indicating potential concerns among smaller investors [3] - The overall trading dynamics suggest a cautious approach among investors, with main funds favoring certain stocks while retail investors exhibited mixed reactions [3]

Core Viewpoint - The demand for active ink in China's market is increasing due to the growth in downstream applications, innovations in digital inkjet printing technology, and stricter environmental policies promoting sustainable alternatives to traditional dyes [1][7]. Industry Overview - The active ink industry in China has seen a rise in consumption from 1,400 tons in 2015 to an expected 8,100 tons by 2024, indicating a stable growth trend [1][7]. - Active ink is primarily used in digital inkjet printing, which includes dye-based and coating inks, with active dye ink being a significant component due to its superior performance [3][4]. Industry Chain - The upstream of the active ink industry includes raw materials such as active dyes, surfactants, and deionized water, while the midstream involves the manufacturing of active ink products, and the downstream focuses on applications in textiles and printing [4][5]. Competitive Landscape - The high-end market for active ink is dominated by companies from Europe, the United States, Japan, and South Korea, while China's industry is characterized by smaller firms with varying capabilities, although some strong domestic manufacturers are emerging [8]. Related Companies - Key players in the active ink market include Blue Universe Co., Ltd., Honghua Digital Technology Co., Ltd., and Zhejiang Longsheng Group, among others, which are involved in the research, production, and sales of digital printing inks [9][10]. Development Trends - The active ink industry is expected to expand beyond textile printing into flexible electronics and smart packaging, with a focus on multifunctionality and environmental sustainability [12][13].

Group 1 - The core viewpoint of the news is that Zhejiang Caidi Industrial Co., Ltd. has shown a slight increase in stock price, indicating positive market sentiment towards the company [1] - As of the report date, the stock price of Caidi Industrial is 19.04 CNY per share, with a market capitalization of 2.209 billion CNY and a trading volume of 11.517 million CNY [1] - The company's main business segments include polyester fabrics (58.03% of revenue), commissioned dyeing and finishing (17.71%), seamless garments (15.78%), and others (6.26%), with polyester filaments contributing 2.22% [1] Group 2 - Among the top circulating shareholders of Caidi Industrial, a fund under Jianxin Fund ranks as a significant stakeholder, holding 365,000 shares, which is 0.72% of the circulating shares [2] - Jianxin Flexible Allocation Mixed A Fund (000270) has achieved a year-to-date return of 58.35% and a one-year return of 53.09%, ranking 778 out of 8087 and 864 out of 8085 respectively [2] - The fund manager, Ye Letian, has a tenure of approximately 13 years and has achieved a best fund return of 328.03% during his management period [3]

Core Viewpoint - Zhejiang Caidiye Industrial Co., Ltd. has announced a delay in the completion date of its fundraising project, specifically the "Annual Production of 62,000 Tons of High-end Functional Green Environmental Protection Textile Fabric Technological Transformation and Relocation Project," which is now expected to be completed by the end of March 2026 [1][5]. Fundraising Overview - The company raised a total of RMB 575.65 million by issuing 29 million shares at a price of RMB 19.85 per share, with a net amount of RMB 496.35 million after deducting underwriting and other fees [1][42]. - The funds are stored in a dedicated account, and the company has signed a tripartite supervision agreement with its sponsor and the bank [1][43]. Fundraising Project Details - The project aims to improve product structure and increase profitability by adjusting the processing of 5,500 tons of polyester/spandex fabric to 5,500 tons of nylon/spandex fabric [2][5]. - The project completion date was initially set for December 2025 but has been postponed to March 2026 due to construction delays [5][6]. Delay Reasons - The delay is attributed to the need for reconstruction of the dyeing workshop to meet industrial building requirements, which has been impacted by objective factors leading to a delay of approximately one to two months [6]. - The company emphasizes that the delay does not change the project’s implementation subject, fundraising purpose, or investment scale [9]. Measures for Timely Completion - The company will enhance supervision of the project’s construction progress and optimize resource allocation to ensure the project is completed on time [7]. Impact of Delay - The delay is considered a prudent decision based on the project's actual situation and is not expected to adversely affect the company's normal operations or the substantive progress of the project [9]. Board Meeting and Approval - The board of directors approved the delay in a meeting held on December 24, 2025, and the sponsor provided a clear verification opinion on the matter [10][15].