Group 1 - The company announced the transfer of 100% equity of its subsidiary, Shanghai Ribos Zhi Sheng Industrial Co., Ltd., to Shanghai Ribos Investment Holdings Co., Ltd. for a total price of RMB 138.5 million [1][2] - The valuation of the subsidiary's total equity was assessed at RMB 136.8044 million by Beijing Zhuoxin Dahua Asset Appraisal Co., Ltd. [1] - The transaction was approved during the company's annual shareholders' meeting held on April 14, 2025, and the first payment of RMB 70.635 million was made on April 24, 2025 [1] Group 2 - As of August 14, 2025, the remaining payment of RMB 67.865 million was paid in full by Ribos Holdings, completing the transaction [2] - The total amount received from the equity transfer was RMB 138.5 million, with all related equity transfer and payment matters finalized [2]

一、本次交易基本情况 2025 年 2 月 24 日，公司召开第四届董事会第十九次会议、第四届监事会第 十七次会议及 2025 年第一次独立董事专门会议，审议通过了《关于拟转让子公 司股权暨关联交易的议案》。同意上海日播投资控股有限公司（以下简称日播控 股）购买上海日播至胜实业有限公司（以下简称日播至胜）100%股权；根据北 京卓信大华资产评估有限公司出具的《日播时尚集团股份有限公司拟转让上海日 播至胜实业有限公司股权估值项目估值报告》（卓信大华估报字(2025)第 8702 号），日播至胜股东全部权益价值评估结果为 13,680.44 万元，经双方协商，确 定股权转让价格为 13,850.00 万元。 2025 年 4 月 14 日，公司召开 2024 年年度股东大会，审议批准了该交易事项。 详见公司已披露的《2024 年年度股东大会决议公告》（公告编号：2025-030） 证券代码：603196 证券简称：日播时尚 公告编号：2025-051 日播时尚集团股份有限公司 关于转让子公司股权事项的进展公告 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 ...

Core Viewpoint - The article discusses the acquisition of a 71% stake in Sichuan Yindile Material Technology Group Co., Ltd. by Shanghai fashion giant Ribo Fashion, with a total transaction price of 1.42 billion yuan, aiming to enter the lithium battery adhesive market [2][9]. Group 1: Acquisition Details - Ribo Fashion plans to pay 1.461 billion yuan for the acquisition, consisting of 1.161 billion yuan in shares and 259 million yuan in cash [2]. - The valuation of Yindile is based on an income approach, with an assessed value of 2.005 billion yuan and an appreciation rate of 103.4% [3]. Group 2: Company Overview - Yindile, established in 2007, is a leading domestic producer of lithium battery polyacrylic acid (PAA) binders, holding a market share of 49% [4]. - The company has a production capacity of 50,000 tons of various lithium battery binders annually, with utilization rates projected to exceed 100% in the coming years [4]. Group 3: Product and Market Insights - PAA is an environmentally friendly binder that enhances electrode stability and battery cycle life, showing potential to replace traditional binders in high-capacity lithium batteries [5]. - Major clients include BYD, CATL, and other leading battery manufacturers, indicating strong market demand [4]. Group 4: Financial Performance - Yindile's revenue for 2023 is projected at 503 million yuan, with net profits of 181 million yuan and a gross margin of 52.42% [7]. - The company's total assets are reported at 1.372 billion yuan, with a net asset value of 1.118 billion yuan as of May 31, 2025 [7]. Group 5: Strategic Rationale - Ribo Fashion's move into the lithium battery adhesive sector is a strategic response to declining performance in its core apparel business, with a forecasted revenue drop of 15.68% in 2024 [10]. - The acquisition is seen as a way to leverage the growing market for lithium battery materials, aligning with broader industry trends towards electrification and sustainability [10].

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：锂电前沿 日前，上海女装巨头日播时尚拟发行股份及支付现金购买四川茵地乐材料科技集团有限 公司（下称"茵地 乐"）71%股权并募集配套资金获上海证券交易所受理。 交易完成后，茵地乐将成为日播时尚控股子公 司。 鉴于上述情况，为保护股东利益，实现公司的持续健康发展，上市公司拟寻找第二增长曲线，进入具有广 阔市场空间和发展前景的锂电池粘结剂行业。 值得一提的是， 这已非日播时尚首次向锂电领域跨界 ， 2023年公司就曾筹划通过资产置换和发行股份 的方式购买上海锦源晟新能源材料有限公司100%股权， 不过最终告败。 日播时尚 本次交易前， 日播时尚的主营业务为精品服装的设计创意、材料及工艺技术研发、生产销售、客户服 务。 近年来，受整体经济增速下行、服装行业竞争加剧、原材料和人工成本上升等众多因素的影响，公 司原有主 营业务增长较为乏力，盈利水平波动较大，未来的业务成长性具有较大不确定性。 据悉， 茵地乐为锂 电材料 细分领域的龙头企业，专注于锂电池粘结剂的研发、生产与销售 ， 是行业首 家主营PAA类锂电池锂电池水 ...

Group 1 - Shanghai Ribao Information Technology Co., Ltd. has been established with a registered capital of 2 million yuan [1] - The legal representative of the company is Wang Weiping [1] - The business scope includes technology services, advertising design and agency, information consulting services, and various retail and wholesale activities [1] Group 2 - The company is wholly owned by Ribao Fashion [1]

证券代码：603196 证券简称：日播时尚 公告编号：2025-050 日播时尚集团股份有限公司 关于发行股份及支付现金购买资产并募集配套资金暨关联 交易的申请文件 获得上海证券交易所受理的公告 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相应的法律责任。 本公司于 2025 年 7 月 23 日收到上海证券交易所（以下简称"上交所"）出 具的《关于受理日播时尚集团股份有限公司发行股份购买资产并募集配套资金申 请的通知》 （上证上审（并购重组） 〔2025〕54 号）。上交所根据相关规定对申请 文件进行了核对，认为该项申请文件齐备，符合法定形式，决定予以受理并依法 进行审核。 本次重组尚需履行的决策和审批程序，包括但不限于本次重组经上海证券交 易所审核通过并获中国证监会注册。本次重组方案在取得有关主管部门的批准、 审核通过或同意注册前，不得实施。本次重组能否取得上述批准、审核通过或同 意注册，以及最终取得批准、审核通过或同意注册的时间均存在不确定性。 公司将继续推进本次重组的相关工作，并严格按照有关法律、法规的要求履 行信息披露义务， ...

证券代码：603196 证券简称：日播时尚 公告编号：2025-050 本次重组尚需履行的决策和审批程序，包括但不限于本次重组经上海证券交 易所审核通过并获中国证监会注册。本次重组方案在取得有关主管部门的批准、 审核通过或同意注册前，不得实施。本次重组能否取得上述批准、审核通过或同 意注册，以及最终取得批准、审核通过或同意注册的时间均存在不确定性。 公司将继续推进本次重组的相关工作，并严格按照有关法律、法规的要求履 行信息披露义务，所有信息均以在公司指定信息披露媒体刊登的公告为准。敬请 广大投资者关注后续公告，注意投资风险。 特此公告。 日播时尚集团股份有限公司董事会 2025 年 7 月 24 日 关于发行股份及支付现金购买资产并募集配套资金暨关联 交易的申请文件 获得上海证券交易所受理的公告 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相应的法律责任。 日播时尚集团股份有限公司（以下简称"公司"）拟发行股份及支付现金购 买四川茵地乐材料科技集团有限公司 71%股权并募集配套资金（以下简称"本次 重组"）。 本公司于 2025 年 ...

Core Viewpoint - The acquisition of 71% stake in Yindile by Ribor Fashion for 1.42 billion yuan is seen as a crucial move to improve its financial situation amidst declining performance, with Yindile showing strong profitability [1][2] Group 1: Acquisition Details - Ribor Fashion plans to purchase 71% of Yindile for a total consideration of 1.42 billion yuan, funded through a combination of cash and share issuance [1] - The acquisition is structured as a linked transaction, meaning that if one part fails to receive approval, the other will also not proceed [1] - The valuation of Yindile's total equity is estimated at 2.005 billion yuan, significantly exceeding Ribor Fashion's total assets of 1.037 billion yuan [2] Group 2: Financial Performance - Ribor Fashion reported a net loss of 159 million yuan in 2024, with revenue also declining, highlighting the urgency of the acquisition [1] - Yindile's net profit was 181 million yuan in 2023, projected to grow to 204 million yuan in 2024, indicating a strong financial performance that could benefit Ribor Fashion [1] Group 3: Strategic Implications - The acquisition is part of a broader strategy by Liang Feng, the controlling shareholder, to integrate lithium battery adhesive assets into Ribor Fashion, creating a dual business model of "apparel + lithium battery" [1] - Liang Feng's indirect ownership of 29% of Yindile through Purtai raises questions about potential backdoor listing implications [2] Group 4: Risks and Considerations - The transaction is expected to generate goodwill of 640 million yuan, which poses a risk of impairment if Yindile fails to meet performance targets, potentially impacting Ribor Fashion's financial health [2] - Historical precedents indicate that companies often experience significant performance declines post-acquisition, necessitating caution from investors [2]

Company Overview - The company, originally named Shanghai Ribao Apparel Co., Ltd., was established on April 25, 2002, and is headquartered in Songjiang District, Shanghai [1] - The company's unified social credit code is 91310000738505304H, and its registered address is No. 98, Rongyang Road, Songjiang District, Shanghai [1] Business Operations - The company operates in various sectors including clothing design, manufacturing, wholesale and retail of apparel, non-medical masks production, and sales, among others [2] - The main business activities focus on the design, production, and sales of clothing and accessories [2] Acquisition Details - The company plans to acquire a 71% stake in Sichuan Yindile Material Technology Group Co., Ltd. through a combination of issuing shares and cash payment [2][3] - The valuation of Yindile is set at RMB 2,005 million, with the transaction price for the 71% stake being RMB 1,420 million, comprising RMB 1,161 million in shares and RMB 259 million in cash [3] Financial Aspects of the Transaction - The share issuance price is set at RMB 7.18 per share, which is not less than 80% of the average trading price over the previous 60 trading days [3] - The number of shares to be issued is 161,699,158, representing 40.56% of the total share capital post-issuance [3] - The company will also issue shares to its controlling shareholder, Liang Feng, at a price of RMB 7.79 per share to raise additional funds for the cash payment [4] Yindile Company Profile - Sichuan Yindile was established on October 18, 2007, with a registered capital of RMB 72 million, focusing on lithium-ion battery materials and related technologies [4] - The company is located in Pengshan Economic Development Zone, Sichuan Province [4] Financial Reporting - The pro forma consolidated financial statements include the company and its 21 subsidiaries, as well as Yindile and its 3 subsidiaries [5] - The financial statements are prepared based on the assumption that the acquisition was completed on January 1, 2023, and include the operating results of the acquired assets for the years 2023, 2024, and the first five months of 2025 [6]

Audit Opinion - The audit report concludes that the financial statements of Sichuan Yindile Material Technology Group Co., Ltd. fairly present the financial position and operating results for the periods ending December 31, 2023, December 31, 2024, and May 31, 2025, in accordance with accounting standards [1][2]. Key Audit Matters - Revenue recognition is identified as a key audit matter due to the inherent risk of management manipulating revenue recognition to meet specific targets. The audit procedures included testing internal controls, examining sales contracts, and confirming balances with major customers [1][2][3]. Financial Performance - For the period of January to May 2025, the company reported total operating revenue of approximately 317.27 million yuan, an increase from 503.47 million yuan in 2023 and 637.55 million yuan in 2024 [7][8]. - The net profit for the same period in 2025 was approximately 130.46 million yuan, compared to 181.16 million yuan in 2023 and 203.68 million yuan in 2024 [7][8]. Financial Position - As of May 31, 2025, the total assets of the company amounted to approximately 1.37 billion yuan, an increase from 1.29 billion yuan in 2024 and 1.00 billion yuan in 2023 [5][6]. - The total liabilities were approximately 254.30 million yuan as of May 31, 2025, compared to 303.82 million yuan in 2024 and 223.60 million yuan in 2023 [5][6]. Cash Flow Analysis - The net cash flow from operating activities for the period of January to May 2025 was negative 4.55 million yuan, contrasting with positive cash flows of 69.15 million yuan in 2023 and 133.91 million yuan in 2024 [9]. - The cash and cash equivalents at the end of May 2025 were approximately 292.21 million yuan, down from 306.87 million yuan at the end of 2024 [9].