Group 1 - The core viewpoint of the report is that Nobon Co., Ltd. is positioned as a leading differentiated supplier of water-jet non-woven fabrics, with a comprehensive growth strategy across materials, products, and branding, leading to a "buy" rating [1][5]. - Nobon has been focusing on the water-jet non-woven fabric sector since its establishment in 2002, holding over a hundred domestic and international patents, and offering a wide range of products across various fields including beauty materials, household cleaning, industrial materials, and medical materials [2][3]. - The company is projected to achieve a revenue of 2.24 billion yuan in 2024, with a CAGR of 15.3% from 2019 to 2024, indicating steady revenue growth [2]. Group 2 - The non-woven fabric industry in China is expected to see a supply-demand rebalancing in 2024, driven by capacity reduction and increased consumer hygiene awareness, which will lead to a recovery in profitability [3]. - The production of water-jet non-woven fabrics in China increased from 640,000 tons in 2015 to 1.51 million tons in 2023, with its share of the total non-woven fabric market rising from 13.2% to 18.5% during the same period [3]. - Nobon is leveraging its advanced production processes and R&D capabilities to maintain its leading position in the market, benefiting from strong demand in emerging consumer segments such as cotton soft towels and oral tobacco [3]. Group 3 - Nobon is focusing on three key areas for growth: 1) Roll materials, where technological upgrades are enhancing competitiveness and market share [4]. 2) Finished products, with a strong production capacity and quality control, particularly through its subsidiary, Hangzhou Guoguang [4]. 3) Own brand development, with the launch of the "Xiaozhijia" brand aimed at creating a second growth curve [4]. - The company expects net profits of 130 million yuan, 160 million yuan, and 190 million yuan for 2025, 2026, and 2027 respectively, with corresponding P/E ratios of 28X, 23X, and 20X [5].

Investment Rating - The report maintains a "Positive" outlook on the textile and apparel industry, highlighting potential growth opportunities in the domestic market and specific companies [2]. Core Insights - The textile and apparel sector underperformed the market, with the SW textile and apparel index declining by 1.4% from August 8 to 15, lagging behind the SW All A index by 4.5 percentage points [3][4]. - Key industry data indicates that from January to July, the total retail sales of clothing, shoes, and textiles reached 837.1 billion yuan, reflecting a year-on-year growth of 2.9% [3][25]. - Exports of textiles and apparel totaled 170.74 billion USD from January to July, showing a slight increase of 0.6% year-on-year, with textile exports rising by 1.6% and apparel exports declining by 0.3% [3][30]. Summary by Sections Textile Sector - Bylon Oriental's H1 2025 profits exceeded expectations, with revenue of 3.59 billion yuan (down 10% year-on-year) and a net profit of 390 million yuan (up 67.5% year-on-year) [9]. - The USDA's August report significantly reduced the global cotton production forecast for 2025/26, indicating a contraction in supply that may support cotton prices [9][10]. - The report continues to recommend Nobon Co., which operates in the non-woven cleaning products sector, highlighting its growth potential due to partnerships with major clients [10]. Apparel Sector - 361 Degrees reported a 11% year-on-year revenue increase to 5.7 billion yuan in H1 2025, with a net profit growth of 9% to 860 million yuan [11][22]. - The company improved its operating cash flow by 227% year-on-year to 520 million yuan, attributed to reduced inventory and slower growth in accounts receivable [11]. - The report emphasizes the resilience of the sportswear segment in domestic demand and suggests monitoring future performance catalysts [11]. Market Dynamics - The report notes that the domestic market is showing signs of recovery, with quality domestic brands beginning to reverse their previous downturns [3]. - It highlights the importance of the U.S. tariff situation and its impact on textile manufacturing, suggesting that companies with strong supply chain positions may benefit from a favorable trade environment [10]. - The report also points out the ongoing challenges in the apparel sector, particularly with brands like Adidas and Nike facing declining sales in the Chinese market [12][20].

证券之星消息，8月14日纺织制造板块较上一交易日下跌1.0%，诺邦股份领跌。当日上证指数报收于 3666.44，下跌0.46%。深证成指报收于11451.43，下跌0.87%。纺织制造板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 603130 | 云中马 | 45.00 | 5.86% | 14.26万 | | 6.53亿 | | 300877 | 金春股份 | 29.20 | 2.49% | 9.78万 | | 2.906.2 | | 002098 | 滑兴股份 | 9.64 | 1.80% | 17.87万 | | 1.73亿 | | 662109 | 百隆东方 | 5.59 | 1.27% | 24.90万 | | 1.40亿 | | 002042 | 华罗时尚 | 5.33 | 1.14% | 87.83万 | | 4.71亿 | | 600987 | 航民股份 | 7.48 | 0.27% | 9.96万 | | 7440.98万 | | 300 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 605055 | 迎丰股份 | 7.50 | -3.10% | 19.32万 | 1.45亿 | | 600156 | रहे में हिस्स् | 7.40 | -1.46% | 16.58万 | 1.23亿 | | 600493 | 凤竹纺织 | 6.99 | -1.41% | 7.03万 | 4965.66万 | | 605180 | 华生科技 | 15.63 | -1.26% | 6 6.70万 | 1.05亿 | | 603889 | 新澳股份 | 6.04 | -0.98% | 8.30万 | 5018.04万 | | 002098 | 温兴股份 | 9.47 | -0.94% | 6.58万 | 6246.76万 | | 603055 | 台华新材 | 9.92 | -0.90% | 6.55万 | 6508.04万 | | 600448 | 华纺股份 | 3.45 | -0.86% | 32.90万 | 1.14亿 | | 00 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 605055 | 迎丰股份 | 7.74 | -4.80% | 28.40万 | | 2.20亿 | | 002674 | 兴业科技 | 11.43 | -2.89% | 15.63万 | | · 1.79亿 | | 300819 | 聚杰微纤 | 26.92 | -2.39% | 5.02万 | | 1.36亿 | | 681509 | 里是热心 | 16.65 | -1.83% | 5.32万 | | 8861.08万 | | 605180 | 华生科技 | 15.83 | -1.43% | 9.59万 | | 1.52亿 | | 873527 | 夜光明 | 20.75 | -1.43% | 1.10万 | | 2287.68万 | | 603238 | 诺邦股份 | 19.54 | -1.31% | 8.77万 | | 1.73亿 | | 603130 | 云中马 | 41.90 | -1.04% | 8.44万 | | 3 ...

? 股东持股的基本情况 截至本公告披露日，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 老板实业集团有限公司的一致行动人。 证券代码：603238 证券简称：诺邦股份 公告编号：2025-016 杭州诺邦无纺股份有限公司 控股股东的一致行动人减持股份计划公告 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： ? 减持计划的主要内容 公司股东减持股份管理暂行办法》、《上海证券交易所上市公司自律监管指引第 性文件的相关规定，不存在不得减持股份的情形。相关减持主体将严格按照法律、 法规及相关监管要求实施减持，并及时履行信息告知义务。 法规，及时履行信息披露义务。 特此公告。 杭州诺邦无纺股份有限公司董事会 上述期间如遇法律法规、规范性文件规定的窗口期，则不减持。若在减持期 间公司发生派发红利、送红股、资本公积金转增股本、增发新股或配股等除权、 除息事项，上述拟减持数量和比例将进行相应调整。 | 一、减持主体的基本情况 | | | ...

人民财讯8月11日电，【热点】 【经营业绩】 露笑科技：筹划发行H股并在香港联交所上市。 中国重工：自8月13日起连续停牌直至终止上市。 海康威视：董事长提议实施2025年中期分红，拟10派4元（含税）。 北大医药：全资子公司北医医药6月以来主营业务已基本中止。 皇庭国际：深圳皇庭广场将被司法拍卖，起拍价30.53亿元。 *ST苏吴：控股孙公司就Regen Biotech违约提起仲裁并获受理立案。 ST易购：拟支付2.2亿元与家乐福方达成债务和解协议。 上海建科：公司董事陈为接受纪律审查和监察调查。 金鹰重工：与新藏铁路有限公司还未开展相关业务。 三连板吉视传媒：公司未参与投资目前上映的影片。 二连板天顺股份：公司未参与新藏铁路工程项目。 东芯股份：上海砺算未纳入公司合并报表范围。 【并购】 新晨科技：终止收购天一恩华96.96%股权事项。 光库科技：拟购买苏州安捷讯光电100%股权，12日复牌。 *ST生物：筹划购买慧泽医药51%股权，预计构成重大资产重组。 东方国信：拟控股视拓云，深化智能算力领域布局。 九鼎投资：拟控股南京神源生，切入机器人产业链关键环节。 煌上煌：拟4.95亿元收购立兴食品51%股权。 ...

Group 1 - The core point of the article is that Nobon Co., Ltd. (603238.SH) announced that its controlling shareholder's concerted actors, Jinnuo Chuang and Ren Jianyong, plan to reduce their holdings by a total of 1.557 million shares, which represents a reduction ratio of 0.8771% and will not exceed 1% of the company's total shares [1] Group 2 - The planned share reduction involves a total of 1.557 million shares [1] - The reduction ratio of 0.8771% indicates a minor adjustment in the ownership structure [1] - The action will not exceed 1% of the company's total shares, suggesting a controlled approach to the reduction [1]

证券代码：603238 证券简称：诺邦股份 公告编号：2025-016 杭州诺邦无纺股份有限公司 控股股东的一致行动人减持股份计划公告 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 截至本公告披露日，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。 减持计划的主要内容 金诺创因回笼资金需要，拟自本公告披露之日起 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 0.6974%。任建永因个人资金需求，拟自本公告披露之日起 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 319 ...

诺邦股份公告，股东杭州金诺创投资管理合伙企业（有限合伙）因回笼资金需要，拟于2025年9月2日至 2025年12月1日，通过集中竞价减持不超过123.8万股，占公司总股本0.6974%；公司董事、副总经理任 建永因个人资金需求，拟同期以集中竞价方式减持不超过31.9万股，占公司总股本0.1797%。两者合计 拟减持155.7万股，比例0.8771%，不超过公司股份总数的1%。 ...