Group 1 - The core viewpoint of the news is that Mercury Home Textile's stock has experienced fluctuations, with a current price of 21.08 yuan per share, a market capitalization of 5.536 billion yuan, and a year-to-date increase of 37.66% [1] - As of November 21, the stock has seen a recent decline of 2.04% in intraday trading, with a trading volume of 12.5183 million yuan and a turnover rate of 0.23% [1] - The company reported a revenue of 2.976 billion yuan for the period from January to September 2025, reflecting a year-on-year growth of 10.91%, and a net profit attributable to shareholders of 232 million yuan, also showing a growth of 10.74% [1] Group 2 - Mercury Home Textile has distributed a total of 1.422 billion yuan in dividends since its A-share listing, with 654 million yuan distributed over the past three years [2] - As of September 30, 2025, the number of shareholders increased by 11.99% to 8,501, while the average circulating shares per person decreased by 10.10% to 30,561 shares [1] - Among the top ten circulating shareholders, China Europe Pension Mixed A (001955) holds 9.2632 million shares, an increase of 649,900 shares compared to the previous period [2]

Core Viewpoint - The renewal of the "Joint Action Agreement" among the actual controllers of Shanghai Mercury Home Textile Co., Ltd. aims to ensure stable control and healthy development of the company, extending the agreement until November 19, 2025 [1][2]. Group 1: Background of the Agreement Renewal - The actual controllers, Li Laibin, Xie Qiuhua, Li Yulu, and Li Yuga, collectively hold 40,138,240 shares, accounting for 15.28% of the total share capital [1]. - The controlling shareholder, Mercury Holdings Group Co., Ltd., holds 107,800,000 shares, representing 41.05% of the total share capital [1]. Group 2: Main Content of the Agreement - The parties agree to act in unison when making decisions that require resolutions from the shareholders' meetings of Mercury Home Textile or Mercury Holdings [3]. - Proposals must be communicated and agreed upon among the parties before being presented to the shareholders' meetings [3]. - Voting rights must be exercised in agreement, and any dissent must be resolved in favor of the consensus between the first two parties [4]. Group 3: Impact of the Agreement Renewal - The renewal of the "Joint Action Agreement" maintains the current control structure, ensuring that the actual controllers remain Li Laibin, Xie Qiuhua, Li Yulu, and Li Yuga, which aligns with the company's business development and does not negatively impact daily operations or minority investors [9].

Core Viewpoint - The actual controllers of Shanghai Mercury Home Textile Co., Ltd. have renewed the "Consistent Action Agreement" to maintain stable control over the company, ensuring healthy business development and protecting the interests of minority investors [1][8]. Group 1: Background of the Agreement Renewal - The actual controllers, Li Laibin, Xie Qiuhua, Li Yulu, and Li Yugao, signed the "Consistent Action Agreement" on August 3, 2017, confirming their status as joint actual controllers of the company. The agreement was first renewed for three years on November 19, 2020, and again for two years on November 19, 2023. The current renewal extends the agreement until November 19, 2025 [2][3]. Group 2: Main Content of the Agreement - The agreement stipulates that all parties must act consistently when making decisions that require resolutions from the shareholders' meetings of Mercury Home Textile or its controlling shareholder, Mercury Holdings Group [3]. - When proposing resolutions to the shareholders' meetings or boards, parties must communicate and reach a consensus beforehand. In case of disagreement, the consensus between Li Laibin and Xie Qiuhua will prevail [4]. - All parties must maintain consistent action when exercising other shareholder rights, and any dissent must align with the consensus of Li Laibin and Xie Qiuhua [5][6]. - If any party cannot attend a shareholders' meeting, they must delegate another party to vote according to the consensus of Li Laibin and Xie Qiuhua [6]. - The agreement prohibits any party from signing similar agreements with other shareholders without the consent of Li Laibin and Xie Qiuhua [7]. Group 3: Impact of the Agreement Renewal - The renewal of the "Consistent Action Agreement" ensures that the control of the company remains unchanged, with the actual controllers still being Li Laibin, Xie Qiuhua, Li Yulu, and Li Yugao. This aligns with the company's business development and does not negatively impact daily operations or harm the interests of minority investors [8].

Core Viewpoint - Mercury Home Textiles (603365.SH) has renewed its "Joint Action Agreement" among its actual controllers to ensure stable control and healthy development of the company [1] Group 1: Agreement Details - The actual controllers, Li Laibin, Xie Qiuhua, Li Yulu, and Li Yu, signed the "Joint Action Agreement" on August 3, 2017, confirming their status as joint actual controllers of Mercury Home Textiles [1] - The agreement was first set to expire on November 19, 2020, and was renewed for three years, then again on November 19, 2023, for an additional two years [1] - The current validity of the agreement extends until November 19, 2025, ensuring continued control over the company [1]

格隆汇11月19日丨水星家纺(603365.SH)公布，公司实际控制人李来斌、谢秋花、李裕陆、李裕高于 2017年08月03日签署了《一致行动协议》，确认各方为水星家纺的共同实际控制人，该协议于2020年11 月19日首次到期后续签三年，又于2023年11月19日再次到期后续签两年。目前，该协议有效期至2025年 11月19日届满。为实现公司控制权的持续、稳定，保障公司经营的健康发展，上述四位实际控制人于 2025年11月19日续签了《一致行动协议》。 ...

证券代码：603365 证券简称：水星家纺 公告编号：2025-046 上海水星家用纺织品股份有限公司 关于实际控制人续签一致行动协议的公告 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法律责任。 鉴于上海水星家用纺织品股份有限公司（以下简称"水星家纺"或"公司"） 实际控制人李来斌、谢秋花、李裕陆、李裕高于 2017 年 08 月 03 日签署了《一 致行动协议》，确认各方为水星家纺的共同实际控制人，该协议于 2020 年 11 月 19 日首次到期后续签三年，又于 2023 年 11 月 19 日再次到期后续签两年。目前， 该协议有效期至 2025 年 11 月 19 日届满。为实现公司控制权的持续、稳定，保 障公司经营的健康发展，上述四位实际控制人于 2025 年 11 月 19 日续签了《一 致行动协议》（以下简称"本协议"），具体情况如下： 一、本次续签《一致行动协议》的背景情况 （二）采取一致行动的方式 1、提案的一致行动 本协议一方拟向水星家纺股东会、董事会或水星控股股东会、董事会提出议 案时（含提名水星家纺或水星控股的 ...

Investment Strategy Overview - The report emphasizes the stabilization of global tariff negotiations, which does not alter the core competitiveness of global manufacturing, and highlights optimism towards two major industrial chains and a price increase cycle [3][4]. Industry Performance Review - As of November 14, 2025, the SW textile and apparel index has increased by 16.9%, ranking 17th in relative performance across the market. The manufacturing sector shows higher certainty compared to brands still in recovery [4][8]. - Domestic demand is at a low point in 2025 but is expected to recover in 2026-2027, focusing on the characteristics of young consumer groups to explore high-growth areas in new consumption [4][21]. New Consumption Trends - High-performance outdoor apparel is identified as a growth area with low penetration and high potential, with the market size projected to reach 102.7 billion yuan in 2024, growing by 17% year-on-year [4][33]. - Discount retail is highlighted as a scarce high-growth area within the consumption sector, with rapid expansion in urban outlets and hard discount specialty stores [4][46]. - The personal care and cleaning market, particularly wet wipes, is noted for its rapid growth and increasing necessity among young consumers, with a market size in China expected to reach 100 billion yuan [4][62]. - The sleep economy is emerging as a significant market, with explosive growth in household textile products, driven by young consumers' acceptance [4][20]. - The report discusses Nike's innovation cycle, which is expected to benefit from inventory replenishment and product innovation, similar to Adidas's recovery cycle [4][20]. - The Australian wool price increase cycle is anticipated due to supply contraction and demand highlights, with potential market space comparable to previous high points in 2011 and 2018 [4][20]. - The healthcare material upgrade cycle presents broad replacement opportunities for overseas non-woven fabrics [4][20]. Global Manufacturing Insights - The report notes that the resolution of tariff variables is expected to lead to a new growth phase for leading companies [4][27]. - The textile industry has undergone a pressure test for external demand, with recent tariff negotiations expected to boost export chain expectations for 2026 [4][26]. Investment Recommendations - The report suggests focusing on high-growth new consumption areas and the competitive strength of global manufacturing as key investment strategies [4][27].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603365 股票简称：水星家纺 公告编号： 2025-045 上海水星家用纺织品股份有限公司 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 投资者可于2025年11月20日 （星期四） 至11月26日 （星期三）16:00前登录上证路演中心网站首页点 击"提问预征集"栏目或通过公司邮箱sxjf@shuixing.com进行提问。公司将在说明会上对投资者普遍关注 的问题进行回答。 说明会的公告 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法律责任。 重要内容提示： 会议召开时间：2025年11月27日 （星期四） 15:00-16:00 上海水星家用纺织品股份有限公司（以下简称"公司"）已于2025年10月29日发布公司2025年第三季度报 告，为便于广大投资者更全面深入地了解公司2025年前三季度经营成果、财务状况，公司计划于2025年 11月27日（星期四） 15 ...

证券代码：603365 股票简称：水星家纺 公告编号： 2025-045 上海水星家用纺织品股份有限公司 关于召开 2025 年三季度业绩暨现金分红说明会的公告 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法律责任。 重要内容提示： 会议召开时间：2025 年 11 月 27 日 （星期四） 15:00-16:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2025 年 11 月 20 日（星期四）至 11 月 26 日（星期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 sxjf@shuixing.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 上海水星家用纺织品股份有限公司（以下简称"公司"）已于 2025 年 10 月 29 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 20 ...

上海市锦天城律师事务所 关于上海水星家用纺织品股份有限公司 2025 年第三次临时股东会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：02120511000 传真：02120511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于上海水星家用纺织品股份有限公司 2025 年第三次临时股东会的 法律意见书 致：上海水星家用纺织品股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受上海水星家用纺织品股 份有限公司（以下简称"公司"）的委托，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》"）等法律、法规、规范 性文件和《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，指派律师列席公司 2025 年第三次临时股东会（以下简称"本次股 东会"），对本次股东会相关事项进行见证，并依法出具本法律意见书。 本法律意见书仅就本次股东会的召集和召开程序、出席本次股东会人员的资 格、召集人资 ...