[Key Highlights](index=1&type=section&id=Key%20Highlights) The company anticipates a net loss for the current period, with specific financial ranges provided for key profitability metrics - The company's performance forecast specifically applies to situations where net profit is negative[2](index=2&type=chunk) Estimated Financial Performance | Indicator | Estimated Amount (Million Yuan) | | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | -30 to -45 | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-Recurring Gains and Losses | -48 to -72 | [I. Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) This section details the company's half-year performance forecast for 2025, including estimated net profit and non-recurring net profit [ (I) Performance Forecast Period](index=1&type=section&id=(I)%20Performance%20Forecast%20Period) This performance forecast covers the company's half-year operating results from January 1, 2025, to June 30, 2025 - The performance forecast period is from **January 1, 2025, to June 30, 2025**[3](index=3&type=chunk) [ (II) Details of Performance Forecast](index=1&type=section&id=(II)%20Details%20of%20Performance%20Forecast) The company expects a net loss attributable to shareholders and a net loss excluding non-recurring gains and losses for the first half of 2025, based on preliminary calculations Estimated Half-Year Financial Performance (2025) | Indicator | Estimated Amount (Million Yuan) | | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | -30 to -45 | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-Recurring Gains and Losses | -48 to -72 | - This performance forecast is a preliminary calculation by the company's finance department and has not been audited by a certified public accountant[3](index=3&type=chunk) [II. Operating Results and Financial Position for the Same Period Last Year](index=1&type=section&id=II.%20Operating%20Results%20and%20Financial%20Position%20for%20the%20Same%20Period%20Last%20Year) This section presents the company's operating results and financial position for the first half of 2024, including key profit metrics and earnings per share [ (I) Total Profit, Net Profit, and Non-Recurring Net Profit](index=1&type=section&id=(I)%20Total%20Profit%2C%20Net%20Profit%2C%20and%20Non-Recurring%20Net%20Profit) In the same period of 2024, the company reported negative total profit, net profit attributable to shareholders, and net profit excluding non-recurring gains and losses Prior Year Same Period Financial Performance (2024) | Indicator | Amount (Million Yuan) | | :--- | :--- | | Total Profit | -30.8254 | | Net Profit Attributable to Shareholders of Listed Company | -30.9138 | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-Recurring Gains and Losses | -31.5766 | [ (II) Earnings Per Share](index=1&type=section&id=(II)%20Earnings%20Per%20Share) In the same period of 2024, the company's earnings per share was negative Prior Year Same Period Earnings Per Share (2024) | Indicator | Amount (Yuan/Share) | | :--- | :--- | | Earnings Per Share | -0.0573 | [III. Main Reasons for Current Period's Estimated Loss](index=1&type=section&id=III.%20Main%20Reasons%20for%20Current%20Period's%20Estimated%20Loss) This section outlines the primary factors contributing to the company's anticipated loss for the current period, including market competition and revenue decline - The textile and apparel industry faces intense competition, with slow market recovery[6](index=6&type=chunk) - The company's operating revenue declined compared to the same period last year[6](index=6&type=chunk) - Revenue during the reporting period failed to cover costs and expenses, resulting in a net loss[6](index=6&type=chunk) [IV. Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) This section provides important disclaimers regarding the preliminary nature of the performance forecast and the absence of major uncertainties - This performance forecast is a preliminary calculation by the company's finance department based on operating conditions and professional judgment, and has not been audited by a certified public accountant[7](index=7&type=chunk) - There are no significant uncertainties affecting the accuracy of this performance forecast[7](index=7&type=chunk) [V. Other Explanatory Matters](index=2&type=section&id=V.%20Other%20Explanatory%20Matters) This section clarifies that the forecast data is preliminary and advises investors to exercise caution regarding investment risks - The above forecast data are preliminary, and the specific accurate financial data will be subject to the company's officially disclosed 2025 half-year report[8](index=8&type=chunk) - Investors are advised to pay attention to investment risks[8](index=8&type=chunk)

Core Points - The controlling shareholder, Huzhou Hongyu Enterprise Management Partnership (Limited Partnership), has had part of its shares released from freezing, specifically 32,869,166 shares, which accounts for 22.18% of its holdings and 5.27% of the company's total share capital [1][2] - After the release, Huzhou Hongyu holds a total of 148,179,919 shares, representing 23.77% of the company's total share capital, with 69,130,834 shares still frozen, which is 46.65% of its holdings and 11.09% of the company's total share capital [1][2] - The cumulative frozen shares for Huzhou Hongyu and its concerted actioner, Chen Lihong, amount to 69,130,834 shares, which is 44.52% of their total holdings and 11.09% of the company's total share capital [1][2] Summary of Shareholder Situation - Huzhou Hongyu's total shareholding is 148,179,919 shares, or 23.77% of the total [2] - The released shares represent a significant portion of Huzhou Hongyu's holdings, indicating a potential shift in liquidity [1][2] - The remaining frozen shares could impact the shareholder's control and governance within the company [1]

证券代码：603557 证券简称：ST 起步 公告编号：2025-058 起步股份有限公司 二、股东股份累计被冻结情况 关于控股股东部分股份解除冻结的公告 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： 公司于近日通过中国证券登记结算有限责任公司上海分公司系统查询获 悉，公司控股股东湖州鸿煜所持有的部分公司股份解除冻结，具体情况如下： 一、本次股份解除冻结的情况 | 股东名称 | 湖州鸿煜企业管理合伙企业（有限合伙） | | --- | --- | | 本次解除冻结股份（股） | 32,869,166 | | 占其所持股份比例 | 22.18% | 第 1 页 共 3 页 截至本公告披露日，起步股份有限公司（以下简称"公司"）控股股东 湖州鸿煜企业管理合伙企业（有限合伙）（以下简称"湖州鸿煜"） 持有公司 148,179,919 股（均为无限售条件流通股），占公司总股本 的 23.77%。 湖州鸿煜本次解除冻结股份为 32,869,166 股，占其所持公司股份比例 为 22.18%，占公司总股本比例为 5.27 ...

证券代码：603557 证券简称：ST 起步 公告编号：2025-057 起步股份有限公司 述股份冻结已解除。具体情况如下： | 股东名称 | | 湖州鸿煜企业管理合伙企业（有限合伙） | | --- | --- | --- | | 本次解除冻结股份 | 102,000,000 | | | 占其所持股份比例 | 68.84% | | | 占公司总股本比例 | 16.36% | | | 解除冻结时间 | 2025 年 7 月 | 1 日 | | 持股数量 | 148,179,919 | | | 持股比例 | 23.77% | | | 剩余被冻结股份数量 | 102,000,000 | 注 | | 剩余被冻结股份数量占其所持股份比例 | 68.84% | | | 剩余被冻结股份数量占公司总股本比例 | 16.36% | | 一、本次股份解除冻结的情况 注：湖州鸿煜于 2025 年 6 月 25 日被轮候冻结 55,820,081 股，详见公司于 2025 年 6 月 28 日披露的《起步股份有限公司关于控股股东股份被司法冻结的公告》（公告编号:2025-056）， 在本次解除冻结后，轮候冻结状态转为冻结状态，冻结 ...

证券代码：603557 证券简称：ST 起步 公告编号：2025-056 重要内容提示： 公司于近日通过中国证券登记结算有限责任公司上海分公司系统查询获 悉，公司控股股东湖州鸿煜所持有的公司股份被司法冻结，具体情况如下： 一、本次股份被冻结、轮候冻结的情况 截至本公告披露日，起步股份有限公司（以下简称"公司"）控股股东 湖州鸿煜企业管理合伙企业（有限合伙）（以下简称"湖州鸿煜"） 持有公司 148,179,919 股（均为无限售条件流通股），占公司总股本 的 23.77%。 湖州鸿煜本次被冻结股份为 46,179,919 股，占其所持公司股份比例为 31.16%，占公司总股本比例为 7.41%；本次被轮候冻结股份为 55,820,081 股，占其所持公司股份比例为 37.67%，占公司总股本比 例为 8.95%。 湖州鸿煜累计被冻结股份为 148,179,919 股，占其所持公司股份比例 为 100%，占公司总股本的 23.77%；累计被轮候冻结 55,820,081 股， 占其所持公司股份比例为 37.67%，占公司总股本的 8.95% 截至本公告披露日，湖州鸿煜及其一致行动人陈丽红女士合计持有公 司 15 ...

Group 1: Automotive Industry - The average payment term for domestic automotive companies exceeds 170 days, with some companies extending it to over 240 days [1][3] - The long payment terms are seen as a way for automotive companies to transfer financing and cash flow pressures onto suppliers [1] - The revised "Regulations on Payment of Funds for Small and Medium-sized Enterprises" aims to address the payment difficulties faced by small suppliers, mandating large enterprises to pay within 60 days [3] Group 2: Real Estate Industry - The average payment term for real estate companies is reported to be 9 months, with some companies like Greenland Holdings exceeding 20 months [1] Group 3: Home Appliances Industry - The average payment term for white goods manufacturers is approximately 145 days, with Gree Electric Appliances notably lagging at over 170 days [1] Group 4: Food and Beverage Industry - The average payment term in the liquor industry is around 4 months, while *ST Rock faces a prolonged payment term of 4.5 years due to operational crises [1] Group 5: Textile and Apparel Industry - The textile and apparel industry has an average payment term of 71 days, with 107 listed companies reporting a total operating cost of 351.62 billion and accounts payable of 56.63 billion [5][7] - The payment term for the textile manufacturing sector is 55 days, while the apparel and home textile sector has a significantly longer payment term of 147 days [7] - The jewelry sector has a notably shorter payment term, averaging 8 days, due to the concentrated supply chain and strong bargaining power of suppliers [8][10] Group 6: Specific Company Case - ST Start - ST Start has an alarming payment term of 440 days, significantly higher than its peers in the apparel sector [12] - The company has faced severe operational challenges, leading to a cumulative net loss of 1.258 billion over three years and a debt ratio of 92.69% as of 2024 [14][16] - To alleviate cash flow issues, ST Start has extended its payment terms, with a drastic increase from around 200 days in 2020 to 452 days in 2023 [16]

公司名称：起步股份有限公司 统一社会信用代码：913311006982950225 类型：股份有限公司（港澳台投资、上市） 证券代码：603557 证券简称：ST 起步 公告编号：2025-055 起步股份有限公司 关于完成工商变更并换发营业执照的公告 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：公司本次工商变更信息仅涉及注册地址、注册资本的变 更。 起步股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开了第四届董 事会第二次会议，于 2025 年 5 月 29 日召开了 2024 年年度股东会，审议通过了 《关于变更注册地址、注册资本暨修订<公司章程>的议案》，具体内容详见公 司于 2025 年 4 月 30 日披露的《关于变更注册地址、注册资本暨修订<公司章程> 的公告》（公告编号：2025-039）。 近日，公司已办理完成相关工商变更登记手续，取得了浙江省市场监督管理 局换发的《营业执照》，变更后登记事项如下： 2025 年 6 月 7 日 法定代表人：陈钊 经营范围：鞋、服装、帽、 ...

证券代码：603557 证券简称：ST 起步 公告编号：2024-054 起步股份有限公司 关于股票交易风险提示公告 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。 截至目前，公司净利润已连续 5 年亏损，敬请广大投资者注意投资风险。 三、应收账款信用减值风险 尤尼泰振青会计师事务所（特殊普通合伙）（以下简称"尤尼泰事务所"） 对公司 2024 年度财务报告出具了保留意见的《审计报告》，其中保留意见涉及 应收账款信用减值事项。截至 2024 年 12 月 31 日，起步公司单项金额重大并单 起步股份有限公司（以下简称"公司"）股票价格近期存在大幅波动的风险， 敬请广大投资者审慎理性决策，注意二级市场交易风险。现提示重要内容如下： 一、撤销其他风险警示的不确定性 公司前期向上海证券交易所提交了撤销其他风险警示的申请。根据《股票上 市规则》9.1.11 条规定，截至本公告披露日，公司股票申请撤销其他风险警示事 项正处于补充材料阶段。补充材料期间不计入上海证券交易所作出相关决定的期 限。后续公司能否撤销其他风险警示存在不确定性，请投 ...

监管工作函专项说明 请公司:(1)区分销售模式补充披露前十大客户及供应商的名称、所在地、 业务往来内容、合作期限、交易金额、回款情况、收入确认方法及时点,说明是 否存在关联关系,关联交易定价是否公允,结合同行业可比公司说明收入确认方 法是否符合《企业会计准则》相关规定;(2)分析报告期内直营模式营业收入大 幅增长的具体原因，并结合 2025 年一季度不同销售模式的营业收入构成及变化 情况,补充说明直营业务营收增长合理性,是否具备可持续性;(3)结合公司主 要客户构成及季度变化趋势等，说明第四季度营业收入增长趋势较往年差异较 大的原因及合理性,并结合《企业会计准则》相关规定说明是否存在跨期确认收 入的情形,是否存在未满足收入确认条件而突击确认收入的情形;(4)结合行业 发展趋势、同行业可比公司情况、公司不同销售模式及成本构成差异等，量化分 析公司主营业务毛利率近两年持续增长的原因,是否与行业趋势一致;(5)公司 预付款项期末余额 1176.82 万元,同比增长 130.72%,公司称主要系新增合作供 应商提前支付货款所致。请公司补充披露预付款项期未余额前十的供应商,包括 但不限于名称、业务内容、合作期限、预付金 ...

证券代码：603557 证券简称：ST 起步 公告编号：2025-053 起步股份有限公司 关于收到并部分回复上海证券交易所 2024 年年报监管工作函的公告 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。 风险提示： 应收账款可回收性风险。由于市场环境、客户经营状况和信用状况的不 确定性，公司部分应收账款存在无法收回的可能性。如果应收账款不能及时回收， 将对公司的现金流、经营业绩和财务状况产生一定的不利影响。因无法评估公司 应收账款计提信用减值的合理性和准确性，亦没有获得上述应收款项可回收的充 分证据，尤尼泰振青会计师事务所（特殊普通合伙）对公司 2024 年财务报告出 具保留意见的审计报告。 公司前期向上海证券交易所提交了撤销其他风险警示的申请。根据《股 票上市规则》9.1.11 条规定，截至本公告披露日，公司股票申请撤销其他风险警 示事项正处于补充材料阶段。补充材料期间不计入上海证券交易所作出相关决定 的期限。后续公司能否撤销其他风险警示存在不确定性，请投资者注意投资风险。 公司于近日收到上海证券交易所下发的《关于起步股份 ...