证券代码：603365 股票简称：水星家纺 公告编号： 2025-041 上海水星家用纺织品股份有限公司 第六届董事会第三次会议决议公告 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。 一、会议召开情况 上海水星家用纺织品股份有限公司（以下简称"公司"）第六届董事会第三 次会议（以下简称"本次会议"）于2025年10月18日以邮件、微信、飞书等方式 通知全体董事，并于2025年10月28日以现场结合通讯的方式在公司五楼会议室召 开。本次会议应参加表决董事9名，实际参加表决董事9名，其中1人以通讯方式参 加。本次会议由董事长李裕陆先生主持，公司高级管理人员列席了本次会议。本 次会议的召开符合《中华人民共和国公司法》及《公司章程》的有关规定，会议 决议合法有效。 本议案已经公司董事会审计委员会审议并取得了明确同意的意见。 表决结果：9 票同意，0 票反对，0 票弃权。 （二）审议通过了《关于 2025 年中期利润分配预案的议案》。 具体内容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 2025 年中期利润分配预案公告》 ...

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。 证券代码：603365 股票简称：水星家纺 公告编号： 2025-042 上海水星家用纺织品股份有限公司 2025 年中期利润分配预案公告 重要内容提示： 每股分配比例 A 股每 10 股派发现金红利 2 元（含税）。 本次利润分配以实施权益分派股权登记日登记的总股本扣除公司回购专 用账户中的回购股份为基数，具体日期将在权益分派实施公告中明确。 本次利润分配不涉及送红股及转增股本。由于公司存在股份回购情况， 本次利润分配涉及差异化分红。 在实施权益分派的股权登记日前公司总股本扣除公司回购专用账户中的 回购股份的基数发生变动的，拟维持每股分配比例不变，相应调整分配总额，并 将在相关公告中披露。 本期利润分配不会导致公司触及《上海证券交易所股票上市规则（2025 年 4 月修订）》第 9.8.1 条第一款第（八）项规定的可能被实施其他风险警示的情 形。 上海水星家用纺织品股份有限公司（以下简称"公司"）在综合考虑经营状 况、现金流量状况、未来的业务发展规划及资金需求等因素的基础上，为 ...

Core Insights - The article highlights the top-performing stocks in the S&P China A-Share Dividend Opportunity Index, showcasing significant price increases and dividend yields [1] Group 1: Stock Performance - Tianshan Aluminum (002532.SZ) leads with a year-to-date increase of 68.53% and a recent gain of 5.12%, along with a dividend yield of 3.07% [1] - Postal Savings Bank of China (601658.SH) shows a year-to-date increase of 10.83% and a recent gain of 4.71%, with a dividend yield of 3.60% [1] - DeYe Co., Ltd. (605117.SH) has a year-to-date increase of 30.95% and a recent gain of 4.61%, with a dividend yield of 3.52% [1] - Mercury Home Textiles (603365.SH) reports a year-to-date increase of 22.70% and a recent gain of 4.35%, with a dividend yield of 4.68% [1] - Action Education (605098.SH) has a year-to-date increase of 22.78% and a recent gain of 3.51%, with a dividend yield of 5.45% [1] Group 2: Additional Notable Stocks - China Petroleum (601857.SH) shows a year-to-date increase of 8.39% and a recent gain of 3.15%, with a dividend yield of 5.12% [1] - Shenhuo Co., Ltd. (000933.SZ) has a year-to-date increase of 45.92% and a recent gain of 2.97%, with a dividend yield of 3.33% [1] - Yutong Bus (600066.SH) reports a year-to-date increase of 18.44% and a recent gain of 2.82%, with a dividend yield of 6.77% [1] - Tunnel Engineering (600820.SH) has a year-to-date increase of 2.68% and a recent gain of 2.73%, with a dividend yield of 4.48% [1] - Jiangsu Guotai (002091.SZ) shows a year-to-date increase of 22.25% and a recent gain of 2.14%, with a dividend yield of 4.66% [1]

Core Insights - The apparel and home textile sector experienced a slight decline of 0.09% on October 23, with Yangzhou Jinqian leading the losses [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Sector Performance - Notable gainers in the apparel and home textile sector included: - Mercury Home Textiles (603365) with a closing price of 18.96, up 4.35% [1] - ST Erya (600107) with a closing price of 8.79, up 3.41% [1] - Kai Run Co., Ltd. (300577) with a closing price of 24.06, up 2.82% [1] - Conversely, Yangzhou Jinqian (603307) saw a significant decline of 5.15%, closing at 43.32 [2] Capital Flow - The apparel and home textile sector experienced a net outflow of 296 million yuan from institutional investors, while retail investors saw a net inflow of 326 million yuan [2] - The detailed capital flow for specific stocks showed: - Langsha Co., Ltd. (600137) had a net inflow of 25.56 million yuan from institutional investors [3] - ST Erya (600107) had a net inflow of 2.99 million yuan from institutional investors [3]

Investment Rating - The report maintains an "Overweight" rating for the industry [4] Core Views - The report emphasizes the importance of valuation switching logic in the new consumption sector, highlighting stable operational performance in the sports brand sector for Q3 [6][4] - It suggests a focus on high-growth tracks in new consumption and the valuation switching logic within the sector, particularly in the collectible toy segment [6][4] - The report identifies several companies with strong growth potential and suggests monitoring their performance closely [6][4] Summary by Sections Industry Overview - The industry consists of 175 listed companies with a total market value of 10,672.79 billion and a circulating market value of 8,623.31 billion [2] Market Performance - The Shanghai Composite Index decreased by 1.47%, while the Shenzhen Component Index fell by 4.99% during the week of October 13-17, 2025 [6][11] - The light industry manufacturing index dropped by 2.22%, ranking 13th among 28 Shenwan industries, while the textile and apparel index decreased by 0.31%, ranking 5th [6][11] Key Company Insights - Companies such as Bubble Mart are expected to release Q3 operational data, with new product launches anticipated to drive performance in Q4 [6] - 361 Degrees reported a stable performance with a 10% increase in offline and children's clothing sales, and a 20% increase in e-commerce sales [6] - Anta Sports, Li Ning, and other functional apparel brands are highlighted for their growth potential [6] Investment Opportunities - The report suggests focusing on the acceleration of the Chinese consumption supply chain going overseas, particularly in non-woven fabric manufacturing [6][7] - Companies like Yanjiang Co. are recommended for their advanced production techniques and global supply chain capabilities [7] - The pet supplies sector is also highlighted, with companies like Yuanfei Pet expected to benefit from growth in both OEM and OBM businesses [6][7] Sector Recommendations - The report recommends monitoring companies in the home furnishing sector, such as Xilinmen and Gujia Home, for potential recovery in performance and valuation [6] - In the paper industry, Sun Paper is recommended due to its integrated advantages and expected improvement in profitability [6][7] - The textile manufacturing sector suggests a focus on companies like Jingyuan International for their market share growth potential [6][7]

Core Insights - The article highlights the top-performing stocks in the S&P China A-Share Dividend Opportunity Index, showcasing significant price increases and dividend yields for various companies [1] Group 1: Stock Performance - Mercury Home Textiles (603365.SH) leads with a year-to-date increase of 19.66% and a recent increase of 9.41%, along with a dividend yield of 4.80% [1] - Other notable performers include: - Hailong Cold Chain (603187.SH) with a year-to-date increase of 47.47% and a recent increase of 6.83% [1] - Shenhuo Co., Ltd. (000933.SZ) showing a year-to-date increase of 36.72% and a recent increase of 5.90% [1] - Siwei Liekong (603508.SH) with a remarkable year-to-date increase of 54.92% and a recent increase of 3.42%, boasting a high dividend yield of 10.65% [1] Group 2: Dividend Yields - The article lists companies with attractive dividend yields, such as: - Siwei Liekong (603508.SH) at 10.65% [1] - Semir Apparel (002563.SZ) at 8.90% [1] - Yutong Bus (600066.SH) at 6.73% [1] - The dividend yields reflect the companies' commitment to returning value to shareholders, which may attract income-focused investors [1]

Core Viewpoint - The A-share market experienced a significant rebound on October 15, with the S&P A-Share Dividend Index leading the mainstream dividend indices, rising by 0.92% and accumulating a nearly 3% increase for the month as of October 15, 2025 [1] Group 1: Market Performance - The S&P A-Share Dividend ETF (562060) also performed strongly, surging by 1.2% to a new high, closing at 0.592 yuan, with frequent premiums during trading [1] - In the past five trading days, the S&P Dividend ETF attracted over 40 million yuan, becoming a favored tool for investment in a slow bull market [1] Group 2: Sector Performance - All top ten sectors of the S&P A-Share Dividend Index recorded gains on October 15, with the pharmaceutical and automotive sectors rising over 2%, while machinery, light manufacturing, and home appliance sectors also increased by over 1% [2] - The top ten sectors and their respective weightings and performance on October 15 are as follows: - Banking: 16.58%, +0.61% - Machinery: 11.02%, +1.88% - Light Manufacturing: 8.68%, +1.25% - Home Appliances: 7.20%, +1.44% - Basic Chemicals: 6.28%, +0.83% - Textiles and Apparel: 5.55%, +1.70% - Pharmaceuticals: 4.76%, +2.05% - Automotive: 3.96%, +2.32% - Power and Utilities: 3.94%, +0.45% - Construction: 3.87%, +1.12% [2] Group 3: Stock Performance - Nearly 80% of the constituent stocks recorded positive returns, with Mercury Home Textiles leading with a 9.41% increase, followed by Kesi Co. at 7.38%, and Hailong Cold Chain at 6.83% [2][4] - The top-performing stocks on October 15 include: - Mercury Home Textiles: +9.41% - Kesi Co.: +7.38% - Hailong Cold Chain: +6.83% - Shenhuo Co.: +5.90% - Jinbei Electric: +3.57% - Siwei Liekong: +3.42% - Tianshan Aluminum: +3.21% - Zhongchuang Zhiling: +3.19% - Gujia Home: +2.86% - Yutong Bus: +2.80% [4] Group 4: Investment Insights - According to CITIC Securities, the fourth quarter of 2025 may be a key time for bottom-fishing in dividend stocks to achieve excess returns, as pessimistic expectations may have been fully reflected [5] - The S&P A-Share Dividend Index has shown superior performance in both yield and dividend rate, with a one-year return of 24.56% and a latest dividend yield of 5.27% [5] - The index emphasizes dividend stability and sustainable profitability, with a strict 3% individual stock weight limit, leading to a more balanced market capitalization distribution [5]

Group 1: Export Chain - The export chain is expected to see improved sentiment and performance, with clarity on tariff arrangements boosting order placement by brands [1][9] - Major brands like Nike and Adidas are cautiously optimistic about demand recovery, with Nike reporting a slight revenue and gross margin beat in its recent quarterly results [2][12] - Leading manufacturers have begun to see performance improvements in Q3, with companies like Xin'ao and Bailong Dongfang anticipating revenue growth driven by increased orders [3][19] Group 2: Investment Themes - Key investment themes include leading sports and leisure brands such as Nike, Adidas, and Uniqlo, along with their core suppliers like Shenzhou International and Huayi Group, which have attractive PE ratios for 2025 [4][21] - Upstream manufacturers showing short-term order improvements and medium-term market share gains include Xin'ao and Weixing, which are expected to benefit from rising raw material prices [4][21] Group 3: Brand Apparel - The brand apparel sector continues to show signs of divergence, with retail performance impacted by fluctuating offline traffic and intense online competition [5][22] - Despite challenges, companies like Hailan Home and Luolai Life are expected to maintain positive revenue growth due to strong online and offline sales strategies [6][26] Group 4: Market Outlook - The overall market outlook for the textile and apparel industry remains cautiously optimistic, with expectations of gradual recovery in demand and performance improvements across various segments [1][9][22] - The consumer confidence index shows slight recovery, but consumers remain focused on product functionality and value for money [5][22]

Core Points - The company Shanghai Mercury Home Textile Co., Ltd. announced the repurchase and cancellation of certain restricted stocks due to changes in incentive targets and performance assessment failures [2][4] - A total of 137,200 shares (equivalent to 1.372 million shares) will be repurchased at a price of 6.36 yuan per share, totaling approximately 881,795.11 yuan (about 0.8818 million yuan, including interest) [2] - Following the repurchase, the company's total share capital will decrease from 262,633,500 shares to 262,496,300 shares, and the registered capital will also decrease correspondingly [3] Company Actions - The company will complete the necessary business registration changes after the share repurchase and cancellation [3] - Creditors have the right to request debt repayment or guarantees within specified timeframes due to the reduction in registered capital [4][5] - The announcement outlines the required documentation and procedures for creditors to assert their rights [5]

上海水星家用纺织品股份有限公司 关于回购注销部分限制性股票暨通知债权人的公告 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。 一、通知债权人的事由 证券代码：603365 证券简称：水星家纺 公告编号：2025-039 上海水星家用纺织品股份有限公司（以下简称"公司"）根据《上市公司股 权激励管理办法》《上海水星家用纺织品股份有限公司 2024 年限制性股票激励 计划》等有关规定，鉴于 2024 年限制性股票激励计划实施中存在 2 名激励对象 因离职已不符合激励条件，部分激励对象因个人层面绩效考核未能达标或未能完 全达标，公司将对其已获授但尚未解除限售的限制性股票共计 137,200 股进行回 购注销。该部分限制性股票回购价格为 6.36 元/股加上同期存款利息（回购价格 已经权益分派调整），本次用于回购的资金总额为 881,795.11 元（含利息）。 公司将在本次股份回购注销完成后依法办理相应的工商变更登记手续。本次 回购注销完成后，公司总股本将由 262,633,500 股减少至 262,496,300 股，注册资 本将 ...