水星家纺表示，为适应市场环境变化，优化公司资金配置，提高资金使用效率和收益水平，根据《公司 法》《公司章程》及公司治理要求，董事会同意对现行《公司投资理财管理制度》进行修订。修订后的 制度全文将通过指定媒体披露。 制定证券投资管理制度 规范投资行为与风险管理 同时，为规范公司证券投资行为，加强投资风险管理，提高资金使用效益，公司董事会同意制定《公司 证券投资管理制度》。该制度将依据《公司法》《证券法》《公司章程》及相关监管规定，对公司证券 投资活动的决策程序、投资范围、风险控制、信息披露等方面作出明确规定，进一步完善公司投资管理 体系。 两项议案均以9票同意、0票反对、0票弃权的表决结果获得通过。市场分析认为，水星家纺此次同步推 进投资理财制度修订与证券投资管理制度制定，体现了公司在资金管理方面的精细化运作思路，有助于 在保障资金安全的前提下，提升闲置资金的收益能力，为公司长期发展提供更稳健的财务支撑。 登录新浪财经APP 搜索【信披】查看更多考评等级 【财经网讯】1月27日，上海水星家用纺织品股份有限公司（证券代码：603365，简称"水星家纺"）发 布第六届董事会第四次会议决议公告，宣布审议通过《关于修订 ...

Investment Rating - The industry investment rating is "Positive" and maintained [7] Core Insights - December orders for sports footwear and apparel showed a month-on-month decline, indicating that the overall industry has not yet reached an inflection point. Retail performance in the US and UK remains resilient, while demand in other regions is stagnant. The decline in the US consumer confidence index has not yet impacted brand and upstream performance, primarily due to growth being driven by high-end consumption, with mass apparel consumption still expected to recover [2][4][21] - Vietnam's footwear and apparel exports improved significantly in December, while China continues to face pressure. The upstream manufacturing sector is expected to have stronger earnings certainty in the first half of 2026, with a clear direction for recovery in the downstream sports supply chain. Brand apparel revenues are expected to fluctuate in Q4 2025, with profitability anticipated to recover in 2026 [2][5][29] Summary by Sections Manufacturing Performance - In December, the revenue performance of footwear manufacturers showed a year-on-year decline, with specific companies reporting: - Yuanyuan Group: -3.7% YoY, -1.3 percentage points MoM - Fengtai: -0.6% YoY, +11.2 percentage points MoM - Zhijiang International: -2.8% YoY, -5.9% MoM - Yuchi-KY: -2.2% YoY, -8.8% MoM - For apparel manufacturers: - Ruhong: -3.6% YoY, -5.1% MoM - Juyang Industrial: -9.2% YoY, -9.7% MoM - Guangyue: +9.7% YoY, -22.1% MoM [4][16][29] Demand Analysis - Retail performance in December showed resilience in the US and UK, while other regions experienced stagnation. The US consumer confidence index continues to decline, which has not yet reflected in brand and upstream performance. The growth is mainly driven by high-end consumption, with mass apparel consumption still expected to recover [2][21][26] Recommendations - The report recommends focusing on upstream manufacturing, as the performance in the first half of 2026 is expected to be more certain. The recovery direction of the sports supply chain is clear. Key recommended stocks include: - New Australia Holdings, Crystal International, Shenzhou International, and Yuanyuan Group - Attention should also be given to high-elasticity stocks like Nobon and Jeya, as well as undervalued stocks with strong safety margins like Taihua New Materials and Lutai A [5][29][30]

Group 1 - Mercury Home Textiles announced the convening of its sixth board meeting on January 26, 2026, to review the proposal documents [1] - The international gold price has surpassed $5,000, marking a 280% increase over the past seven years, with experts suggesting that the key factors influencing this trend include the US dollar, the international monetary system, interest rate cuts, and technological revolutions [1]

上海水星家用纺织品股份有限公司 投资理财管理制度（2026年修订） 第一章 总 则 第一条 为加强上海水星家用纺织品股份有限公司（以下简称"公司"）投资 理财业务的管理，有效控制风险，提高投资收益，维护公司及股东利益，依据相 关法律、法规、规范性文件及《上海水星家用纺织品股份有限公司章程》（以下 简称"《公司章程》"）、《上海水星家用纺织品股份有限公司重大投资和交易 决策制度》（以下简称"《重大投资和交易决策制度》"）等的有关规定，结合 公司的实际情况，特制定本制度。 上海水星家用纺织品股份有限公司投资理财管理制度（2026 年修订） 第二条 本制度所称投资理财是指在国家有关政策、法律、法规及上海证券 交易所相关业务规则允许的情况下，公司在控制投资风险并履行投资决策程序的 前提下，以提高资金使用效率、增加现金资产收益为原则，将闲置资金委托给商 业银行、证券公司、信托公司等金融机构开展投资理财业务（包括但不限于购买 银行理财产品、委托贷款、债券投资、货币型基金等金融产品），在确保投资理 财资金安全性、流动性的基础上实现资金保值增值的行为。 第三条 本制度适用于公司进行投资理财管理。公司子公司、控股子公司不 开展 ...

上海水星家用纺织品股份有限公司证券投资管理制度 上海水星家用纺织品股份有限公司 证券投资管理制度 第一章 总则 第一条 为规范上海水星家用纺织品股份有限公司（以下简称"公司"）的 证券投资行为，有效防范投资风险，保障资金安全，提高资金使用效率，根据《中 华人民共和国证券法》《上海证券交易所股票上市规则》（以下简称《上市规则》） 《上海证券交易所上市公司自律监管指引第 5 号——交易与关联交易》等法律、 法规、规范性文件及《上海水星家用纺织品股份有限公司章程》（以下简称《公 司章程》）的有关规定，结合公司实际情况，制定本办法。 第二条 本办法所称"证券投资"，是指公司在控制风险的前提下，以提高 资金使用效率为目的，进行的包括新股配售或者申购、证券回购、股票及存托凭 证投资、债券投资、基金投资以及上海证券交易所（以下简称"上交所"）认定 的其他投资行为。 第三条 公司证券投资应遵循"合法、审慎、安全、有效"的原则，以不影 响公司正常经营和主营业务发展为前提，与公司资产结构相适应，严格控制投资 风险。 第四条 公司证券投资的资金必须为自有资金，严禁使用募集资金、银行信 贷资金等不符合国家法律法规、中国证券监督管理委 ...

证券代码：603365 股票简称：水星家纺 公告编号： 2026-002 上海水星家用纺织品股份有限公司 第六届董事会第四次会议决议公告 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法律责任。 为适应市场环境变化，优化公司资金配置，提高资金使用效率和收益水平， 根据《公司法》《公司章程》及公司治理要求，公司董事会同意对现行《公司投 资理财管理制度》进行修订，修订后的制度全文详见公司于指定媒体披露的《上 海水星家用纺织品股份有限公司投资理财管理制度（2026 年修订）》。 表决结果：9 票同意，0 票反对，0 票弃权。 （二）审议通过了《关于制定<公司证券投资管理制度>的议案》。 为规范公司证券投资行为，加强投资风险管理，提高资金使用效益，根据《公 司法》《中华人民共和国证券法》《公司章程》及相关监管规定，公司董事会同 意制定《公司证券投资管理制度》（全文详见公司于指定媒体披露的《上海水星 家用纺织品股份有限公司证券投资管理制度》）。 表决结果：9 票同意，0 票反对，0 票弃权。 特此公告。 上海水星家用纺织品股份有限公司 一、会议召 ...

Group 1 - The article highlights the top 20 stocks in the S&P China A-Share Dividend Opportunities Index (CSPSADRP) as of January 23, 2026, showcasing significant price increases and dividend yields [1][11]. - The stock with the highest daily increase is Aotaiwei (688516.CH) at 20.00%, with a year-to-date increase of 98.87% and a dividend yield of 2.80% [1][11]. - Other notable stocks include China Gold (600916.SH) with a daily increase of 10.02% and a year-to-date increase of 13.13%, and Weichai Power (000338.SZ) with a year-to-date increase of 36.63% [1][11]. Group 2 - The fundamental metrics of the index include a historical price-to-earnings ratio of 11.07 times, a price-to-book ratio of 1.34 times, and an expected dividend yield of 4.76% [3][12]. - The index consists of 1009 constituent stocks, with adjustments made biannually in January and July, ensuring no single stock exceeds 3% weight and no GICS sector exceeds 33% weight [4][13].

Investment Rating - The textile and apparel industry is rated as "Neutral" for the upcoming period, indicating that the industry is expected to perform in line with the overall market [9]. Core Insights - The report highlights a divergence in performance within the textile and apparel sector, with high-end outdoor and niche sports brands showing strong potential despite an overall slowdown in demand [3]. - Domestic retail sales for clothing and textiles reached 1.52 trillion yuan in 2025, reflecting a year-on-year growth of 3.2%, with a notable slowdown in December due to warmer winter temperatures [3]. - Export figures for the textile and apparel sector showed a decline, with total exports amounting to 293.8 billion USD, down 2.6% year-on-year, indicating a shift in supply chain dynamics towards countries like Vietnam [3]. Summary by Sections Domestic Demand - Retail sales for clothing and textiles in China reached 1.52 trillion yuan in 2025, with growth rates of 6.3%, 3.5%, and 0.6% in October, November, and December respectively [3]. - The warmer winter led to a slowdown in winter clothing sales, impacting overall performance [3]. International Demand - Textile and apparel exports totaled 293.8 billion USD in 2025, with textiles at 142.6 billion USD (up 0.4%) and apparel at 151.2 billion USD (down 5.2%) [3]. - Vietnam's textile exports grew by 7.0%, indicating a shift in orders due to tariff policies affecting different production regions [3]. Brand Performance - High-end outdoor brands and niche sports brands are expected to maintain strong growth, while traditional brands like Anta and Li Ning are projected to see varied performance, with Anta's revenue expected to decline slightly [3]. - Women's apparel is facing challenges, but companies like Xinha and Ge Li Si are expected to show improvements in profitability due to prior adjustments [3]. Home Textiles - Companies like Luolai and Water Mercury are expected to perform steadily, while Fuanna is still in a destocking phase [3]. Non-woven Fabric Industry - The non-woven fabric sector is anticipated to benefit from quality upgrades and expanding demand, with companies like Nuo Bang and Yan Jiang expected to see significant revenue growth [3]. Textile Manufacturing - The report notes that the performance of the sports manufacturing chain is under pressure due to fluctuations in brand orders, but the Australian wool industry is expected to see a rebound in demand and pricing [3]. Investment Recommendations - The report suggests focusing on high-performance outdoor brands, discount retail, personal care, and sleep economy sectors for potential investment opportunities [3].

Core Insights - The article highlights the top 20 performing stocks in the S&P China A-Share Dividend Opportunity Index as of January 9, 2026, showcasing significant daily and year-to-date gains along with their respective dividend yields [1][5]. Group 1: Stock Performance - The top performer is Jiufeng Energy (605090.SH) with a daily increase of 4.62% and a year-to-date increase of 8.24%, offering a dividend yield of 2.54% [1][5]. - Weichai Power (000338.SZ) follows with a daily rise of 4.32% and a year-to-date increase of 6.63%, with a dividend yield of 4.00% [1][5]. - Tianshan Aluminum (002532.SZ) shows a daily increase of 2.78% and a year-to-date increase of 12.05%, with a dividend yield of 2.25% [1][5]. - Other notable stocks include China Shenhua (601088.SH) with a dividend yield of 7.82% and a year-to-date increase of 4.81% [1][5]. Group 2: Dividend and Valuation Metrics - The overall dividend yield for the index is reported at 4.76%, with a price-to-book ratio of 1.34 times [2]. - The historical price-to-earnings ratio stands at 11.75 times, while the expected price-to-earnings ratio is slightly lower at 11.07 times [2].

截至9月30日，水星家纺股东户数8501.00，较上期增加11.99%；人均流通股30561股，较上期减少 10.10%。2025年1月-9月，水星家纺实现营业收入29.76亿元，同比增长10.91%；归母净利润2.32亿元， 同比增长10.74%。 分红方面，水星家纺A股上市后累计派现14.74亿元。近三年，累计派现7.05亿元。 1月7日，水星家纺盘中下跌2.01%，截至09:49，报20.03元/股，成交597.40万元，换手率0.11%，总市值 52.58亿元。 水星家纺今年以来股价跌4.80%，近5个交易日跌0.20%，近20日跌3.70%，近60日涨19.16%。 资料显示，上海水星家用纺织品股份有限公司位于上海市奉贤区沪杭公路1487号，成立日期2000年12月 7日，上市日期2017年11月20日，公司主营业务涉及中高档家用纺织品的研发、设计、生产和销售。主 营业务收入构成为：销售商品99.89%，其他(补充)0.11%。 水星家纺所属申万行业为：纺织服饰-服装家纺-家纺。所属概念板块包括：小盘、新零售等。 机构持仓方面，截止2025年9月30日，水星家纺十大流通股东中，中欧养老混合A（001 ...