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 ...

日播时尚公告，2025年8月14日，日播控股提前向公司支付了剩余全部转让价款合计人民币6786.5万 元。截至目前，本次交易相关的股权交割及款项收付事项均已完成，公司已收到本次交易全部股权转让 款1.39亿元。 ...

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].

Group 1 - The core viewpoint of the article is that Shanghai fashion giant Ribo Fashion plans to acquire a 71% stake in Sichuan Indele Material Technology Group and raise matching funds, which will make Indele a subsidiary of Ribo Fashion [1][5] - Ribo Fashion's main business has been struggling due to economic downturns, increased competition, and rising costs, prompting the company to seek a second growth curve by entering the lithium battery adhesive industry [5][6] - Ribo Fashion's performance in 2024 showed a decline, with revenue of 866 million yuan, a year-on-year decrease of 15.68%, and a net profit loss of 159 million yuan, but it is expected to turn profitable in the first half of 2025 with a projected net profit of 35 million to 42 million yuan [6] Group 2 - Indele is a leading company in the lithium battery materials sector, focusing on the research, production, and sales of lithium battery adhesives, and is the first in the industry to specialize in PAA-type water-based adhesives [8] - According to GGII statistics, Indele holds a market share of 49% in the domestic PAA lithium battery adhesive market in 2024, with strong customer resources including major lithium battery manufacturers like BYD and CATL [8] - Indele's financial performance shows revenues of 503 million yuan, 638 million yuan, and 317 million yuan for 2023, 2024, and the first five months of 2025 respectively, with net profits of 181 million yuan, 204 million yuan, and 130 million yuan for the same periods [8]

Group 1 - The core point of the news is that Ribo Fashion Group Co., Ltd. has submitted a major asset restructuring application to acquire 71% of the shares of Sichuan Yindile Material Technology Group Co., Ltd., which has been accepted by the Shanghai Stock Exchange [1] - The transaction will not lead to a change in control of Ribo Fashion and does not constitute a restructuring listing as per the relevant regulations [1] - Yindile is a leading company in the lithium-ion battery adhesive market, with a market share of 49% in the PAA adhesive segment for lithium batteries in China, and projected net profits of 181 million yuan and 204 million yuan for 2023 and 2024 respectively [1] Group 2 - The cross-industry restructuring will diversify Ribo Fashion's business, creating a dual main business model of "apparel + lithium battery adhesive," which is expected to enhance profitability and core competitiveness [2] - The acquisition of Yindile is anticipated to support Ribo Fashion's sustainable growth and transformation in the context of technological innovation and industrial upgrading [2]

Core Viewpoint - The company is progressing with a major asset restructuring plan to acquire a 71% stake in Indele Materials Technology Group, a leading player in the lithium-ion battery adhesive market, which is expected to enhance its business portfolio and profitability [1][3]. Group 1: Transaction Details - The restructuring plan involves issuing shares and cash to acquire the stake in Indele, with the application formally accepted by the Shanghai Stock Exchange [1]. - The independent financial advisor confirmed that the transaction will not change the actual control of the company, which remains with Liang Feng [1]. - The valuation of Indele's total equity is set at 2 billion yuan, reflecting an increase of 1.019 billion yuan compared to the net assets attributable to the parent company [1]. Group 2: Market Position and Financial Performance - Indele holds a 49% market share in the domestic lithium battery PAA adhesive market, indicating its strong competitive position [2]. - The projected net profits for Indele are 181 million yuan in 2023 and 204 million yuan in 2024, showcasing its growth potential [2]. - The lithium battery industry is expected to expand significantly over the next decade, driven by technological advancements and increasing demand from electric vehicles and energy storage [2]. Group 3: Strategic Implications - The acquisition aims to diversify the company's business model, creating a dual focus on "apparel + lithium battery adhesives," which is anticipated to enhance core competitiveness and profitability [3]. - The restructuring is seen as a strategic move to achieve sustainable growth and transformation in the context of technological innovation and industry upgrades [3].

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]

天眼查App显示，近日，上海日播信息科技有限公司成立，法定代表人为王卫平，注册资本200万人民 币，由日播时尚实业（上海）有限公司全资持股。 企业名称上海日播信息科技有限公司法定代表人王卫平注册资本200万人民币国标行业信息传输、软件 和信息技术服务业>软件和信息技术服务业>软件开发地址上海市松江区茸阳路98号1幢3层301室企业类 型有限责任公司（非自然人投资或控股的法人独资）营业期限2025-7-31至无固定期限登记机关松江区 市场监管局 序号股东名称持股比例1日播时尚实业（上海）有限公司100% 经营范围含技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；广告设计、代理；广告 制作；信息咨询服务（不含许可类信息咨询服务）；企业管理咨询；互联网销售（除销售需要许可的商 品）；服装服饰批发；服装服饰零售；鞋帽批发；鞋帽零售；针纺织品销售；箱包销售。（除依法须经 批准的项目外，凭营业执照依法自主开展经营活动） 来源：金融界 ...

Group 1 - The company plans to issue shares and pay cash to acquire 71% equity of Sichuan Yindile Material Technology Group Co., Ltd. and raise supporting funds for this restructuring [1][2] - The Shanghai Stock Exchange has accepted the application for the restructuring, confirming that the application documents are complete and comply with legal requirements [1] - The restructuring is subject to approval from the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission, which introduces uncertainty regarding the approval timeline [2] Group 2 - The company will continue to advance the restructuring process and fulfill information disclosure obligations in accordance with relevant laws and regulations [2] - All information regarding the restructuring will be disclosed through the company's designated information disclosure media [2]

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 ...