Core Viewpoint - Multiple shareholders across various companies are planning to reduce their stakes, indicating potential shifts in ownership dynamics and investor sentiment in the market [1] Shareholder Reductions - Luzhou Chemical plans to reduce its stake by no more than 1% [1] - New Agricultural Co. director and vice president Zhang Jianrong intends to reduce his holdings by no more than 570,000 shares [1] - Jingquanhua's shareholder Yuan Zhifuhai aims to reduce his stake by 2% [1] - Hengbo shares' shareholder Hainan Mingxu plans to reduce by no more than 3% [1] - Weining Health's senior executive Jin Mao intends to reduce by no more than 1.88 million shares [1] - Sun Cable's shareholder Yili Group plans to reduce by no more than 3% [1] - Zhongjing Technology's Xu Yijun has cumulatively reduced his stake by 1.99% [1] - Tengye Precision's actual controller's concerted action party plans to reduce by 2.99% [1] - Bowen Technology's Shanghai Depeng has reduced its stake by 0.58% [1] - Gaoling Information's Zixiao Investment has reduced its holdings by 663,000 shares [1] - Yuntian Lifa's shareholders Donghai Yuntian and Donghai No.1 have collectively reduced their stakes by 3.1702 million shares [1] - Nobon Co.'s shareholders Jin Nuo Chuang and Ren Jian have completed a reduction of 1.557 million shares [1] - Guangdong Mingzhu's shareholder Mingqiao Stable Selection No.2 private equity fund has reduced its stake by 1.17% [1] Other Notable Events - Hesheng New Materials' director Wu Haifeng is under investigation by public security for suspected illegal loan issuance [1] - Zitian Tui's stock has been delisted and removed from trading [1]

Group 1 - The core point of the article is that Nobon Co., Ltd. announced the completion of a share reduction plan by major shareholders, Jin Nuo Chuang and Ren Jian Yong, who collectively reduced their holdings by 1,557,000 shares [1] - As of the announcement date, Nobon Co., Ltd. has a market capitalization of 3.3 billion yuan [1] - The company's revenue composition for the year 2024 indicates that the textile industry accounts for 99.18% of its total revenue, while other businesses contribute only 0.82% [1]

证券代码：603238 证券简称：诺邦股份 公告编号：2025-023 杭州诺邦无纺股份有限公司 关于控股股东的一致行动人减持股份结果公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 本次减持计划实施前，杭州诺邦无纺股份有限公司（以下简称"公司"）股 东杭州金诺创投资管理合伙企业（有限合伙）（以下简称"金诺创"）持有公司股 份 10,882,250 股，占公司总股本的 6.1305%；公司董事、副总经理任建永持有 公司 1,276,000 股，占公司总股本的 0.7188%。金诺创和任建永系公司控股股东 杭州老板实业集团有限公司的一致行动人。 减持计划的实施结果情况 公司于 2025 年 8 月 12 日披露了《诺邦股份控股股东的一致行动人减持股份 计划公告》（公告编号：2025-016）。金诺创因回笼资金需要，拟自公告披露之日 起 15 个交易日后的 3 个月内，通过集中竞价交易方式减持其持有的公司股份不 超过 1,238,000 股，减持比例不超过公司股份总数的 0.697 ...

Core Viewpoint - Nobon Co., Ltd. (603238.SH) announced the completion of a share reduction plan by Jin Nuo Chuang and Ren Jian Yong, who have reduced their holdings through centralized bidding transactions [1] Group 1 - Jin Nuo Chuang reduced its shareholding by 1.238 million shares [1] - Ren Jian Yong reduced its shareholding by 319,000 shares [1] - The share reduction plan has been fully implemented as of the announcement date [1]

Core Viewpoint - Nobon Co., Ltd. (603238.SH) announced the completion of share reduction by shareholders Jin Nuo Chuang and Ren Jian Yong, with a total of 1.238 million shares and 319,000 shares reduced respectively [1] Summary by Relevant Sections - **Share Reduction Details** - Jin Nuo Chuang reduced 1.238 million shares through centralized bidding [1] - Ren Jian Yong reduced 319,000 shares through centralized bidding [1] - The share reduction plan has been fully implemented as of the announcement date [1]

Group 1 - The controlling shareholder's concerted action partner, Hangzhou Jinnuo Investment Management Partnership, and the company's director and deputy general manager, Ren Jianyong, have reduced their holdings in the company [1] - The share reduction occurred between September 2, 2025, and October 13, 2025, totaling 1.238 million shares and 319,000 shares, which represent 0.6974% and 0.1797% of the total share capital, respectively [1] - The reduction prices ranged from 18.5 to 19.53 CNY per share and from 19.39 to 19.78 CNY per share for the respective transactions [1]

Company Overview - Nobon Co., Ltd. is located in Yuhang Economic and Technological Development Zone, Hangzhou, Zhejiang Province, and was established on November 27, 2002. The company was listed on February 22, 2017. Its main business involves the research, production, and sales of differentiated and personalized water-jet non-woven materials and their products, as well as the development, production, and sales of disposable hygiene products such as wet wipes [1]. Financial Performance - As of June 30, 2025, Nobon Co., Ltd. achieved an operating income of 1.34 billion yuan, representing a year-on-year growth of 33.35%. The net profit attributable to the parent company was 65.33 million yuan, reflecting a year-on-year increase of 48.33% [2]. - The company has distributed a total of 263 million yuan in dividends since its A-share listing, with 124 million yuan distributed in the last three years [3]. Stock Performance - On September 18, Nobon Co., Ltd. experienced a decline of 2.07%, with a stock price of 19.91 yuan per share, a trading volume of 26.43 million yuan, and a turnover rate of 0.74%. The total market capitalization is 3.534 billion yuan [1]. - Year-to-date, the stock price has increased by 57.27%, while it has decreased by 3.72% over the last five trading days and by 3.58% over the last 20 days. In contrast, the stock has risen by 16.16% over the last 60 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders of Nobon Co., Ltd. was 11,200, a decrease of 33.28% from the previous period. The average number of circulating shares per person increased by 49.88% to 15,866 shares [2]. - Among the top ten circulating shareholders, Southern Growth Mixed A (202003) is the fourth largest with 6.1966 million shares, and Huazheng Anxin Consumer Mixed A (519002) is the seventh largest with 2.0018 million shares, both being new shareholders [3]. Industry Classification - Nobon Co., Ltd. is classified under the Shenwan industry category of textile and apparel - textile manufacturing - other textiles. The company is associated with various concept sectors, including cosmetics, multiple births, small-cap stocks, Xiaohongshu concept, and pet economy [1].

证券代码：603238 证券简称：诺邦股份 公告编号：2025-022 杭州诺邦无纺股份有限公司 2025年第一次临时股东大会决议公告 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 9 月 17 日 (二)股东大会召开的地点：杭州市临平区昌达路 8 号公司 1 号会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 77 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 131,586,690 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 74.1295 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，公司董事长任建华先生主持会议，会议采 取现场投票和网络投票相结合的表决方式，本次会议的召集、召开符合《公司法》 及《公司章程》的规定。 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 ...

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于杭州诺邦无纺股份有限公司 2025 年第一次临时股东大会的法律意见书 国枫律股字[2025]A0465 号 致：杭州诺邦无纺股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并见 证贵公司 2025 年第一次临时股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称 "《股东会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证 券法律业务管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简 称"《证券法律业务执业规则》"）等相关法律、行政法规、规章、规范性文件及《杭 州诺邦无纺股份有限公司章程》（以下简称"《公司章程》"）的规定，就本次会议的 召集与召开程序、召集人资格、出席会议人员资格、会议表决程序及表决结果等事宜， 出具本 ...

Investment Rating - The report maintains a "Positive" outlook on the textile and apparel industry, highlighting potential investment opportunities in specific segments such as non-woven fabrics and sportswear [2][9]. Core Insights - The textile and apparel sector underperformed the market, with the SW textile and apparel index rising by 0.7%, lagging behind the SW All A index by 1.5 percentage points [4][6]. - Recent industry data indicates a 2.9% year-on-year increase in retail sales for clothing, shoes, and textiles, totaling 837.1 billion yuan from January to July [30]. - Exports of textiles and apparel decreased by 0.3% year-on-year, amounting to 197.27 billion USD from January to August, with a notable 5.0% decline in August alone [30][31]. Summary by Sections Textile Sector - Focus on investment opportunities in the entire non-woven fabric supply chain, with a significant weekly increase of 26% for Yanjiang Co. The production of non-woven fabrics has been declining since its peak in 2020, but the pandemic has heightened hygiene awareness, maintaining a large market scale [9][12]. - Yanjiang Co. has a global production footprint in China, Egypt, the USA, and India, with major clients including Procter & Gamble and Kimberly-Clark, contributing significantly to its revenue [9][12]. - The report recommends Nobon Co. for its growth potential in personal care and new tobacco products, highlighting its strong market position and technological capabilities [10][12]. Apparel Sector - Jiangnan Buyi reported a stable growth in its latest annual report, with a 4.6% increase in revenue to 5.55 billion yuan and a 6.0% rise in net profit to 900 million yuan for FY25 [12][19]. - The sportswear segment shows resilience, with brands like Anta and Li Ning demonstrating strong performance despite market challenges, with Anta's revenue increasing by 14% year-on-year [13][19]. - The report emphasizes the importance of domestic demand recovery in 2025, suggesting that high-quality domestic brands are poised for a turnaround [10][12]. Market Trends - The report notes a K-shaped recovery in retail, with high-end and cost-effective brands performing better. Innovations in retail formats are accelerating, with plans for significant store expansions in the coming year [13][19]. - The textile manufacturing sector is expected to benefit from favorable trade conditions, particularly for manufacturers with strong supply chain capabilities [10][12].