Company Overview - Tianchuang Fashion Co., Ltd. is located in Nansha District, Guangzhou, Guangdong Province, and was established on April 9, 2004. The company went public on February 18, 2016. Its main business involves the research, production, distribution, and retail of fashion consumer goods, as well as mobile internet marketing [1]. Stock Performance - As of September 9, Tianchuang Fashion's stock price decreased by 2.02% to 7.76 CNY per share, with a trading volume of 9.56 million CNY and a turnover rate of 0.29%. The total market capitalization is 3.257 billion CNY [1]. - Year-to-date, the stock price has increased by 108.60%, with a 7.93% rise over the last five trading days, 19.02% over the last 20 days, and 46.42% over the last 60 days [1]. Financial Performance - For the first half of 2025, Tianchuang Fashion reported a revenue of 527 million CNY, a year-on-year decrease of 9.79%. However, the net profit attributable to shareholders increased by 171.21% to 6.72 million CNY [1]. - The company has distributed a total of 528 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [2]. Shareholder Information - As of June 30, the number of shareholders reached 11,400, an increase of 18.65% from the previous period. The average circulating shares per person decreased by 15.72% to 36,855 shares [1]. Industry Classification - Tianchuang Fashion is classified under the textile and apparel industry, specifically in the footwear and other categories. It is associated with concepts such as small-cap stocks, cross-border e-commerce, online marketing, and C2M (Customer to Manufacturer) [1].

Market Overview - As of September 4, the Shanghai Composite Index closed at 3765.88 points, with a decline of 1.25%. The Shenzhen Component Index closed at 12118.70 points, down 2.83%, and the ChiNext Index closed at 2776.25 points, decreasing by 4.25% [1] Trading Activity - A total of 2131 stocks saw an increase in average transaction volume, with 40 stocks experiencing a rise of over 50% in average transaction volume. Conversely, 2426 stocks reported a decrease in average transaction volume [1] - Notable stocks with significant increases in average transaction volume include Aishida (爱仕达) with a 207.02% increase, Huijia Times (汇嘉时代) with 184.35%, and Victory Precision (胜利精密) with 158.81% [1] Active Stocks - The stocks with the highest increase in transaction volume and transaction count include: - Spring兴精工 with a transaction count increase of 2190.85% - Hanzhong Precision (汉钟精机) with a transaction count increase of 827.07% - Lushan New Materials (鹿山新材) with a transaction count increase of 476.62% [1] Notable Performers - The following stocks showed significant daily gains: - Aishida (爱仕达) increased by 10.03% - Huijia Times (汇嘉时代) rose by 10.05% - Victory Precision (胜利精密) gained 10.09% [1] - Other notable performers include: - Strait Environmental (海峡环保) with a 10.08% increase - An彩高科 with a 9.92% increase [1] Additional Trading Insights - The average transaction volume and transaction count for several stocks also showed substantial increases, indicating heightened trading activity. For example, Tianchuang Fashion (天创时尚) had a transaction count increase of 204.19% [1][2]

Group 1 - The apparel and home textile sector increased by 1.12% on September 4, with Taihu Snow leading the gains [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] - Key stocks in the apparel and home textile sector showed significant price increases, with Taihu Snow rising by 12.38% to a closing price of 31.40 [1] Group 2 - The apparel and home textile sector experienced a net inflow of 107 million yuan from institutional investors, while retail investors saw a net inflow of 92.91 million yuan [2] - Major stocks like Meibang Apparel and Tanchuang Fashion had notable net inflows from institutional investors, with Meibang Apparel receiving 96.34 million yuan [3] - Conversely, retail investors showed a net outflow in several stocks, indicating a mixed sentiment in the market [3]

Group 1 - The new retail concept stocks in the A-share market are performing strongly, with significant gains observed in several companies [1] - Notable performers include Pinwo Food, which rose nearly 11%, and several others that hit the daily limit up [1] - The overall trend indicates a positive sentiment towards new retail stocks despite broader market conditions [1] Group 2 - Specific stock performance data shows Pinwo Food with a 10.71% increase and a total market capitalization of 3.95 billion [2] - Other companies like Gongxiao Daji and Huijia Times also saw increases of over 10%, with Gongxiao Daji having a market cap of 51.1 billion [2] - Year-to-date performance varies, with Guofang Group showing a remarkable 108.52% increase, while some companies like Gongxiao Daji have a negative year-to-date change of -17.97% [2]

Group 1 - The new retail concept stocks are experiencing a strong performance, with companies like Anzheng Fashion and Tianchuang Fashion hitting the daily limit up [1] - Other companies such as Mebon Apparel, Bubugao, and Sanjiang Shopping are also seeing significant gains [1]

Core Viewpoint - Tianchuang Fashion (603608) reported a decline in total revenue for the first half of 2025, but a significant increase in net profit, indicating improved profitability despite revenue challenges [1] Financial Performance - Total revenue for the first half of 2025 was 527 million yuan, a decrease of 9.79% year-on-year [1] - Net profit attributable to shareholders was 6.72 million yuan, an increase of 171.21% year-on-year [1] - Gross margin improved to 66.78%, up 6.29% year-on-year, while net margin reached 1.29%, up 181.75% year-on-year [1] - Operating cash flow per share increased by 303.6% to 0.21 yuan [1] Cost Management - Total selling, administrative, and financial expenses amounted to 312 million yuan, accounting for 59.14% of revenue, a slight increase of 0.44% year-on-year [1] - Sales expenses decreased by 9.31% due to the closure of inefficient stores and reduced fixed costs [4] - Management expenses decreased by 4.64% as a result of process optimization and personnel restructuring [4] - Financial expenses decreased by 38.5% due to reduced interest from convertible bonds [4] Asset and Liability Changes - Cash and cash equivalents increased by 17.12% to 263 million yuan, attributed to the redemption of financial products [1] - Interest-bearing debt decreased by 45.73% to 311 million yuan, reflecting debt repayment [1] - Accounts receivable decreased by 15.05% to 86.87 million yuan, linked to declining performance [3] Business Model and Market Conditions - The fashion footwear industry is highly competitive, with domestic brands facing pressure, leading to revenue declines [4] - The company is focusing on channel transformation to enhance store efficiency amidst operational challenges [4] - Historical data indicates a median ROIC of 9.73%, with significant fluctuations in profitability over the years [7]

Core Viewpoint - Tianchuang Fashion (603608.SH) reported a decline in revenue but achieved profitability through strategic resource optimization and cost control [1] Financial Performance - The company achieved a revenue of 527 million yuan, representing a year-on-year decrease of 9.79% [1] - The gross margin for the main business was 67.47%, an increase of 4 percentage points compared to the same period last year [1] - The net profit attributable to the parent company was 6.72 million yuan, marking a turnaround from a loss to profitability [1] Strategic Actions - The company focused on enhancing brand strength and product quality across its multi-brand matrix [1] - It reduced investments in inefficient channels and brands, strengthened cost control, optimized business processes, and streamlined organizational structure [1]

证券之星消息，近日天创时尚披露，截至2025年6月30日公司股东户数为1.14万户，较3月31日增加 1790.0户，增幅为18.65%。户均持股数量由上期的4.37万股减少至3.69万股，户均持股市值为19.72万 元。 根据统计，*ST天创2025年3月31日至2025年6月30日，主力资金净流出1.38亿元，游资资金净流入 3524.15万元，散户资金净流入1.03亿元。 在服装家纺行业个股中，天创时尚股东户数低于行业平均水平，截至6月30日，服装家纺行业平均股东 户数为2.82万户。户均持股市值方面，服装家纺行业A股上市公司户均持股市值为18.34万元，天创时尚 高于行业平均水平。 | | | 统计截止日 区间股价涨跌幅 股东户数 增减 增减比例 户均持股市值（元） | | | 户均持股数(股) | | --- | --- | --- | --- | --- | --- | | 2025-06-30 | 11.69% | 11388 1790 | 18.65% | 19.72万 | 3.69万 | | 2025-03-31 | 28.76% | 9598 -1076 | -10.08% | 20.95 ...

Group 1 - The core point of the article is that Tianchuang Fashion (SH 603608) announced a board meeting to discuss significant changes, including the cancellation of the supervisory board and an increase in registered capital [1] - The meeting took place on August 29, 2025, in Guangzhou, combining in-person and remote participation [1] - For the year 2024, Tianchuang Fashion's revenue composition is heavily weighted towards leather products and footwear, accounting for 99.04%, while other businesses contribute only 0.95% and software information technology services a mere 0.01% [1] Group 2 - As of the report, Tianchuang Fashion has a market capitalization of 3 billion yuan [1] - The article also mentions a significant automotive event in Southwest China, highlighting the competitive landscape with nearly 120 brands and 1,600 vehicles participating, indicating a shift in the market dynamics for new energy vehicles [1]

第三条 股东会是公司的权力机构，应按《公司法》及《公司章程》的规定依法行使 职权： （一）选举和更换非职工代表董事，决定有关董事的报酬事项； （二）审议批准董事会的报告； （三）审议批准公司的利润分配方案和弥补亏损方案； （四）对公司增加或者减少注册资本作出决议； 天创时尚股份有限公司 股东会议事规则 第一章 总则 第一条 为规范天创时尚股份有限公司（以下简称"公司"）行为，保证股东会依法行 使职权，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》等法律法规和《天创时尚股份 有限公司章程》（以下简称"《公司章程》"）的规定，制定本规则。 第二条 公司应当严格按照法律、行政法规、《公司章程》及本规则的相关规定召开 股东会，保证股东能够依法行使权利。 1 / 12 （五）对发行公司债券作出决议； （六）对公司合并、分立、解散、清算或者变更公司形式作出决议； （七）修改《公司章程》； （八）对公司聘用、解聘承办公司审计业务的会计师事务所作出决议； （九）审议批准《公司章程》规定的需由股东会审议的重大交易事项、担保事项及 财务资助事项； ...