Core Viewpoint - The company has decided to terminate the investment in the Aimer Central Intelligent Logistics Park (Suzhou) project due to strategic shifts towards global expansion and resource optimization in response to domestic market conditions [1][3]. Group 1: Investment Overview - In April 2024, the company approved an investment of 55 million yuan to construct the logistics park, aiming to create an efficient warehousing and logistics supply chain system [1][2]. - The project was initially set to be developed by the company's wholly-owned subsidiary, Suzhou Aimer Underwear Co., Ltd. [1]. Group 2: Reasons for Termination - The company is focusing on global layout and has determined that its existing logistics centers in Suzhou and Beijing can meet future domestic logistics demands after resource integration and system upgrades [3]. - The establishment of a supply chain base in Vietnam is also part of the strategy to address international market logistics needs over the next 3-5 years [3]. - The decision to terminate the project is aimed at improving asset efficiency and maintaining cash reserves to navigate a complex market environment [3]. Group 3: Decision Process - The termination of the investment was approved during the company's board and supervisory meetings on September 16, 2025, and does not require shareholder approval as it does not constitute a related party transaction or a major asset restructuring [4]. Group 4: Impact of Termination - No actual investment has been made in the logistics park project to date, and the termination will not adversely affect the company's operations or future development [5].

9月17日晚间，爱慕股份（603511）发布公告，决定终止官宣了一年多的中央智能物流园(苏州)项目(以 下简称"物流园项目")。 今年上半年，受中高端需求不振、消费降级影响，叠加主要运营成本难以压降，爱慕股份业绩承压，实 现营收15.98亿元，同比下降2.91%；净利润1.06亿元，同比下降31.37%；毛利率66.54%，同比下降0.1个 百分点。 分渠道看，上半年直营渠道营收为9.8亿元，同比下滑3.9%；线上渠道表现稳健，营收为4.65亿元，同 比增长2.59%；加盟渠道营收为7011.89万元，同比下滑28.51%。 面对业绩下滑，爱慕股份采取了系列行动提升盈利水平。2025年6月24日，公司正式终止运营乎兮品 牌，并完成对乎兮品牌的优势资源整合以及核心价值转化；同时推进组织变革，加速全渠道升级，稳步 构建海外运营体系。 对于终止项目的原因，爱慕股份表示，当前战略重点是全球化布局，而国内市场已进入存量竞争时代， 公司苏州和北京物流中心，经过资源整合、系统升级及数字化供应链的完善，预计可以应对未来国内市 场物流需求。在国际市场方面，公司启动了越南供应链基地建设，可以满足未来3至5年国际市场物流需 求。与 ...

Core Viewpoint - The company has decided to terminate the investment in the Aimer Central Intelligent Logistics Park (Suzhou) project, indicating a strategic shift in its investment focus [2]. Group 1 - The company held its 13th meeting of the 3rd Board of Directors and the 12th meeting of the 3rd Supervisory Board on September 16, 2025 [2]. - The resolution to terminate the logistics park project does not require approval from the shareholders' meeting [2].

Core Viewpoint - Company Aimer Co., Ltd. has announced the termination of its investment in the Suzhou Logistics Park project, which was initially planned to require an investment of 550 million yuan, citing a shift in strategic focus towards global expansion and the current domestic market's competitive landscape [1][3]. Group 1: Project Termination - The company has not made any actual investments in the Suzhou Logistics Park project to date [1][3]. - The decision to terminate the project does not negatively impact the company's operations or future development [1]. - The project was initially approved in April 2024, with plans to enhance the company's logistics capabilities [1][2]. Group 2: Strategic Shift - Aimer's strategic focus has shifted towards global expansion, with an emphasis on enhancing asset efficiency and maintaining cash reserves in response to a complex market environment [3]. - The company has initiated the construction of a supply chain base in Vietnam to meet international market logistics demands over the next 3 to 5 years [3]. Group 3: Financial Performance - In the first half of the year, Aimer reported a revenue of 1.598 billion yuan, a year-on-year decrease of 2.91%, and a net profit of 106 million yuan, down 31.37% year-on-year [3]. - The company faces challenges in the mid-to-high-end market due to sluggish demand and rising operational costs, which have significantly impacted net profit [3]. Group 4: Market Trends - Despite intense price competition in the lingerie market, consumer demand for high-quality, comfortable, and sustainable products remains strong [4]. - There is a growing trend towards emotional value consumption and service experience, with health and sustainability becoming new standards in consumer decision-making [4].

Core Viewpoint - The company has decided to terminate the investment in the Aimer Central Intelligent Logistics Park (Suzhou) project, which has not incurred any actual investment to date, and this decision will not adversely affect the company's operations or future development [1] Group 1: Project Termination - The company held its 13th board meeting and 12th supervisory meeting on September 16, 2025, where the decision to terminate the logistics park project was approved [1] - The termination of the logistics park project will not result in any loss of interests for the company and its shareholders [1] - No actual investment has been made in the logistics park project up to this point [1] Group 2: Strategic Focus - The company's strategic focus is on global expansion, as the domestic market has entered a phase of stock competition [1] - The company has integrated resources and upgraded systems at its logistics centers in Suzhou and Beijing to meet future domestic logistics demands [1] - An international supply chain base is being established in Vietnam to cater to logistics needs in the international market over the next 3-5 years [1] Group 3: Financial Management - The company is considering improving asset efficiency and increasing cash reserves to navigate a complex and changing market environment [1] - The decision to terminate the logistics park project was made after careful consideration of the company's strategic needs for global development [1]

证券代码：603511 证券简称：爱慕股份 公告编号：2025-035 爱慕股份有限公司 关于终止投资建设物流园项目的公告 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。 爱慕股份有限公司（以下简称"公司"）于 2025 年 9 月 16 日召开了公司第三 届董事会第十三次会议、第三届监事会第十二次会议，审议通过了《关于终止投 资建设物流园项目的议案》，同意公司终止投资爱慕中央智能物流园（苏州）项 目（以下简称"物流园项目"），本议案无须提交公司股东会审议。具体情况如下： 一、对外投资概述 2024 年 4 月 25 日，公司第三届董事会第七次会议、第三届监事会第六次会 议审议通过了《关于投资建设物流园项目的议案》，同意以自筹资金 55,000 万元 投资建设爱慕中央智能物流园（苏州）项目，由公司全资子公司苏州爱慕内衣有 限公司投资建设，打造高效仓储物流供应链体系。具体详见公司于 2024 年 4 月 27 日在上海证券交易所网站（www.sse.com.cn）披露的《关于投资建设物流园项 目的公告》（公告编号：2024-02 ...

Core Viewpoint - The company, Aimer Group (爱慕股份), announced the termination of its investment in the Aimer Central Intelligent Logistics Park (Suzhou) project, which was initially planned to be funded with 550 million yuan [1] Group 1 - The company had previously announced plans to invest 550 million yuan in the construction of the Aimer Central Intelligent Logistics Park (Suzhou) project [1] - The project was intended to be developed by the company's wholly-owned subsidiary, Suzhou Aimer Underwear Co., Ltd., aiming to create an efficient warehousing and logistics supply chain system [1]

Core Viewpoint - The company has decided to terminate the investment in the Aimer Central Intelligent Logistics Park (Suzhou) project, shifting its strategic focus towards global expansion and utilizing existing resources and a new supply chain base in Vietnam to meet market demands [1] Group 1 - The board and supervisory board of the company approved the termination of the investment on September 16, 2025 [1] - The decision is based on the strategic shift towards globalization, indicating a change in the company's operational focus [1] - The project has not yet seen any actual investment, meaning the termination will not incur losses for the company or its shareholders [1] Group 2 - The termination of the project will not affect the company's production operations or future development plans [1] - The company aims to meet both domestic and international market demands through existing resources and the new supply chain base in Vietnam [1]

Core Viewpoint - Aimer Group (603511) experienced a significant decline of 9.96% in its stock price, with a trading volume of 288 million yuan and a turnover rate of 4.31% on the day of the report [2] Trading Performance - The stock was listed on the Shanghai Stock Exchange's watchlist due to a daily price deviation of -9.84% [2] - The net selling amount from the Shanghai-Hong Kong Stock Connect was 8.2735 million yuan, making it the second-largest selling entity [2] - The top five trading departments had a total transaction volume of 57.6388 million yuan, with buying and selling amounts of 19.9416 million yuan and 37.6972 million yuan respectively, resulting in a net selling of 17.7556 million yuan [2] Market Sentiment - Over the past six months, the stock has appeared on the watchlist six times, with an average price drop of 4.07% the following day and an average decline of 7.57% over the next five days [2] - The stock saw a net outflow of 52.9552 million yuan in principal funds on the reporting day, with large orders contributing to a net outflow of 29.5863 million yuan [2] Financial Performance - The company reported a revenue of 1.598 billion yuan for the first half of the year, reflecting a year-on-year decrease of 2.91% [2] - The net profit for the same period was 106 million yuan, down 31.37% year-on-year [2]

Market Overview - The Shanghai Composite Index fell by 0.12% on September 12, with 9 out of the 28 sectors rising, led by non-ferrous metals and real estate, which increased by 1.96% and 1.51% respectively [1] - The sectors that experienced the largest declines were telecommunications and comprehensive, with decreases of 2.13% and 1.95% respectively [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 53.64 billion yuan, with 6 sectors seeing net inflows [1] - The non-ferrous metals sector had the highest net inflow of 2.168 billion yuan, followed by the construction and decoration sector, which saw a net inflow of 721 million yuan [1] - The non-bank financial sector experienced the largest net outflow, totaling 8.138 billion yuan, followed by the electronics sector with a net outflow of 7.517 billion yuan [1] Textile and Apparel Sector Performance - The textile and apparel sector fell by 0.12%, with a net inflow of 299 million yuan, comprising 105 stocks, of which 32 rose and 69 fell [2] - The top three stocks with the highest net inflow in this sector were Meibang Fashion (3.19 billion yuan), Huafu Fashion (1.52 billion yuan), and Mankalon (438.79 million yuan) [2] - The stocks with the largest net outflow included Aimer (529.55 million yuan), Nanshan Zhishang (522.00 million yuan), and Tanshan (416.48 million yuan) [2] Textile and Apparel Sector Capital Inflow - The top stocks by capital inflow included: - Meibang Fashion: +10.11%, turnover rate 21.24%, capital flow 319.17 million yuan - Huafu Fashion: +10.06%, turnover rate 6.88%, capital flow 151.54 million yuan - Mankalon: +3.89%, turnover rate 15.00%, capital flow 43.88 million yuan [2] Textile and Apparel Sector Capital Outflow - The top stocks by capital outflow included: - Aimer: -9.96%, turnover rate 4.31%, capital flow -52.95 million yuan - Nanshan Zhishang: -5.05%, turnover rate 8.29%, capital flow -52.20 million yuan - Tanshan: -2.64%, turnover rate 3.75%, capital flow -41.64 million yuan [4]