Financial Performance - The company's revenue for the third quarter reached ¥681,777,416.16, representing a year-on-year increase of 23.18%[4] - The total profit for the quarter was ¥40,655,528.91, reflecting a growth of 25.24% compared to the same period last year[4] - Net profit attributable to shareholders was ¥30,606,533.08, which is a 20.92% increase year-on-year[4] - The net profit after deducting non-recurring gains and losses for the quarter was ¥31,688,657.83, showing a significant increase of 35.43%[4] - The basic earnings per share for the quarter was ¥0.17, up by 21.43% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥2,021,944,936.43, a 29.7% increase from ¥1,558,483,215.68 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was ¥116,556,350.64, representing a 38.1% increase compared to ¥84,359,678.88 in 2024[19] - Earnings per share for the first three quarters of 2025 were ¥0.54, compared to ¥0.39 in the same period of 2024[20] - The company reported a total comprehensive income of ¥116,918,994.62 for the first three quarters of 2025, compared to ¥84,359,678.88 in 2024[20] Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥3,188,489,619.53, an increase of 13.37% from the end of the previous year[5] - Total current assets as of September 30, 2025, amount to RMB 1,659,134,062.78, an increase from RMB 1,366,140,747.10 as of December 31, 2024[14] - Total assets have risen to RMB 3,188,489,619.53 from RMB 2,812,427,300.06, indicating a growth of about 13.4%[15] - Total liabilities as of the end of the reporting period were ¥1,480,002,056.27, an increase from ¥1,162,706,031.42 in the previous year[16] - Total current liabilities increased to RMB 1,417,513,554.45 from RMB 1,075,617,777.55, representing a rise of approximately 31.8%[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,366[11] - The largest shareholder, Hangzhou Boss Industrial Group Co., Ltd., holds 97,026,750 shares, accounting for 54.66% of total shares[12] - The number of shares held by the top 10 shareholders represents a significant concentration of ownership, with the top shareholder alone holding over half of the total shares[12] Cash Flow - The cash flow generated from operating activities for the year-to-date was ¥324,197,165.33, reflecting a growth of 41.77%[4] - Cash generated from operating activities was ¥2,136,406,907.82 in the first three quarters of 2025, compared to ¥1,611,460,772.15 in 2024[22] - Operating cash inflow totaled $2,557,436,225.73, an increase from $2,050,513,041.19, representing a growth of approximately 24.6% year-over-year[23] - Operating cash outflow amounted to $2,233,239,060.40, up from $1,821,833,608.70, indicating a rise of about 22.7% year-over-year[23] - Net cash flow from operating activities was $324,197,165.33, compared to $228,679,432.49, reflecting an increase of approximately 42% year-over-year[23] Investment and Financing Activities - Cash inflow from investment activities was $12,064,018.18, down from $69,669,918.06, showing a decline of about 82.7% year-over-year[23] - Net cash flow from investment activities was -$265,595,549.46, an improvement from -$378,396,840.21, indicating a reduction in losses[23] - Cash inflow from financing activities totaled $172,218,480.82, compared to $144,353,574.12, marking an increase of approximately 19.4% year-over-year[24] - Net cash flow from financing activities was -$34,026,019.33, slightly better than -$34,372,733.06, showing a minor improvement[24] Other Financial Metrics - The weighted average return on equity increased to 2.14%, up by 0.28 percentage points compared to the previous year[5] - Research and development expenses increased to ¥76,059,550.94 in the first three quarters of 2025, up 36.3% from ¥55,810,159.10 in 2024[19] - The company reported a significant increase in cash and cash equivalents, reaching RMB 849,572,347.97 compared to RMB 655,516,488.18 previously[14] - The company’s non-current assets total RMB 1,529,355,556.75, up from RMB 1,446,286,552.96, showing a growth of about 5.7%[15] - The impact of exchange rate changes on cash and cash equivalents was $3,132,960.88, down from $8,716,472.20[24] - The ending balance of cash and cash equivalents was $174,531,425.82, compared to $154,727,630.17, reflecting an increase of approximately 12.3%[24] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[25]

Overview - The non-woven fabric industry in China is experiencing a recovery, with production expected to reach 8.56 million tons in 2024, a year-on-year increase of 5.1%, marking the largest growth since 2020 [9][25] - The industry is seeing a shift towards high-end and sustainable materials, with the penetration rates of viscose, cotton, and blended materials increasing significantly [30][32] - The industry’s prosperity index has improved from 57.3 at the end of 2022 to 68.4 in the first eleven months of 2024, indicating a positive trend in revenue and profit growth for major companies [9][34] Product Segmentation - The main production processes for non-woven fabrics in 2024 are spunbond (45.3%), needle-punched (21.6%), and spunlace (19.4%), which together account for 86% of the market [26][28] - Spunlace non-woven fabrics are expected to grow by 8.1% year-on-year in 2024, primarily used for wet wipes and toilet paper, while thermal bonded non-woven fabrics are projected to grow by 7.9% [9][28] Market Dynamics - The domestic market is the core consumption area, with a projected increase in domestic sales of non-woven fabrics by 3% in 2024, surpassing 7.14 million tons [52] - Exports are expected to outperform domestic sales, driven by the recovery of the disposable cleaning products market and increasing demand from Southeast Asia [52] Competitive Landscape - The industry is characterized by low concentration, with over 85% of companies being small to medium-sized enterprises, while major players like Nobon, Yanjing, and Jinchun hold less than 1% market share each [10][41] - The competition is intensifying, particularly in the high-end product segments, as consumer demand shifts towards higher quality and sustainable options [41][44] Policy and Brand Strategies - Recent policies in the UK and EU are pushing for a transition to plastic-free products, which may benefit companies capable of producing compliant materials [12] - Major brands are adopting procurement strategies that favor suppliers with strong capabilities in non-plastic materials, enhancing China's competitive edge in the Asia-Pacific and emerging markets [12][51]

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 ...