| 证券代码：603877 | 证券简称：太平鸟 | 公告编号：2026-005 | | --- | --- | --- | | 债券代码：113627 | 债券简称：太平转债 | | 宁波太平鸟时尚服饰股份有限公司 可转债转股结果暨股份变动公告 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： 一、可转债发行上市概况 累计转股情况：截至 2026 年 3 月 31 日，累计已有人民币 255,000 元"太 平转债"转换为公司 A 股股票，累计转股 11,052 股，占可转债转股前公 司已发行股份总额的 0.0023%。 未转股可转债情况：截至 2026 年 3 月 31 日，尚未转股的"太平转债"金 额为人民币 799,745,000 元，占可转债发行总量的 99.9681%。 本季度转股情况：2026 年 1 月 1 日至 2026 年 3 月 31 日期间，无"太平转 债"转换为公司 A 股股票。 内容详见公司 2022 年 5 月 24 日披露于上海证券交易所网站（www.sse.com.cn）及 指定 ...

| 证券代码：603877 | 证券简称：太平鸟 | 公告编号：2026-004 | | --- | --- | --- | | 债券代码：113627 | 债券简称：太平转债 | | 宁波太平鸟时尚服饰股份有限公司 5%以下股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 宁波太平鸟时尚服饰股份有限公司（以下简称"公司"）收到公司股东陈红 朝先生的减持告知函，拟减持其持有的部分公司股份。截至本公告披露日，陈红 朝先生持有公司股份 22,398,600 股，占公司总股本的 4.75%。 减持计划的主要内容 陈红朝先生因个人资金需求，计划于 2026 年 4 月 7 日至 2026 年 7 月 6 日期 间通过集中竞价交易、大宗交易的方式减持合计不超过 14,132,200 股公司股份， 拟减持股份总数不超过公司股份总数的 3%。在任意连续 90 日内，通过集中竞价 减持股份的总数不超过公司总股本的 1%，通过大宗交易减持股份的总数不超过 公司总股本的 2%。若上 ...

Investment Rating - The report maintains a "Buy" rating for key companies in the textile and apparel industry, indicating a positive outlook for the sector in 2026 [4]. Core Insights - The textile manufacturing sector is expected to recover in Q1 2026, driven by improved export orders as U.S. tariff policies become clearer. This recovery is anticipated to benefit leading companies in sub-industries such as wool spinning, dyeing, cotton spinning, and nylon, which are expected to see performance exceed expectations due to inventory appreciation and management improvements [3]. - The apparel and home textile sector is projected to perform well, benefiting from a recovering consumer market and an extended sales season due to the later timing of the Spring Festival in 2026. Leading companies in the home textile sub-industry and sports brands are expected to outperform the sector [3]. - Significant growth in textile and apparel exports was noted in January and February 2026, with textile exports increasing by 20.5% and apparel exports by 14.8% year-on-year, marking the highest growth rates since 2022 [3]. - Retail sales of apparel, shoes, and textiles from major enterprises showed a year-on-year increase of 10.4% in early 2026, with online retail sales of clothing items growing by 18.0% [3]. Summary by Sections Q1 2026 Performance Forecast - The report forecasts a positive performance for various segments, including sports apparel, children's clothing, and home textiles, with expected revenue growth across multiple companies [11][12]. - Specific companies such as 比音勒芬 (Biyinlefen) and 海澜之家 (Hailan Home) are projected to see significant revenue increases, with 比音勒芬 expected to grow by 17% and 海澜之家 by 7% year-on-year [11]. Export Growth of Textiles and Apparel - The textile export value is projected to grow significantly, with a year-on-year increase of 20.5% in early 2026, while apparel exports are expected to rise by 14.8% [16][19]. Retail Sales Growth of Major Enterprises - Retail sales for apparel, shoes, and textiles from major enterprises are expected to increase by 10.4% year-on-year in early 2026, indicating a strong recovery in consumer demand [24]. Online Retail Growth - Online retail sales for clothing categories are anticipated to grow by 18.0%, reflecting a robust shift towards e-commerce in the apparel sector [27]. Key Company Valuations and Financial Analysis - The report includes detailed financial projections for key companies, with several firms expected to see improvements in earnings per share (EPS) and return on equity (ROE) in 2026, indicating a favorable investment environment [4].

Summary of Key Points from Conference Call Records Industry Overview - The data pertains to the footwear and apparel industry, specifically focusing on sales performance on the Douyin platform for January and February. Key Insights and Arguments - **Overall Sales Growth**: Most footwear and apparel brands reported positive sales growth for January and February, as indicated by the sales index from the Douyin platform [1][1]. - **Outdoor Brands Performance**: - Strong growth observed in outdoor brands, with notable performances: - Decathlon: +75% - Camel: +44% - Mobi Garden: +350% - Salomon: +117% - Wilson: +318% - Descente: +10% - KAILAS: +71% - LeFay: +96% - BERSHKA: +109% - KOLON: +79% - Arc'teryx: -13% - Pathfinder: +36% [1][1]. - **Sports Brands Performance**: - Overall positive performance in the sports brand sector: - Anta: +26% - Fila: +34% - Li Ning: +42.2% - Xtep: +39% - Adidas: +48% - Nike: +3% - Lululemon: +90% - Saucony: -17% - 361 Degrees: +16% [2][2]. - **Home Textile Sector**: - Mixed results in the home textile industry: - Luolai: +51% - Mercury Home Textile: +6% - Fuanna: +224% - Atour Planet: +31% [2][2]. - **Men's Apparel Sector**: - Strong performance noted in the men's clothing sector: - Hazzys: +55% - Baoxini: +104% - Biyinlefen: +279% - Hailan Home: +54% - Jiumuwang: +49% - Lilang: +73% [3][3]. - **Casual Wear and Children's Apparel**: - Casual wear showed weaker performance: - Uniqlo: +0.4% - Semir: +1.8% - Taiping Bird: +10.5% - Le Temps: -42% - Balabala: +30% [4][4]. Additional Important Information - The sales data is derived from the sales index, which is based on transaction-related data from the Douyin platform, and may not accurately reflect actual sales figures, indicating potential discrepancies [1][1].

Core Insights - The company is actively optimizing its online shopping platform and enhancing social media marketing to adapt to the evolving market environment and consumer demands [1][3] - The collaboration with Huawei marks the beginning of the company's digital transformation, focusing on building smart factories and integrating data for precise marketing [3][5] - The company has successfully integrated multiple e-commerce platforms, providing a consistent shopping experience across channels [3] - The use of social media platforms for high-quality content has significantly increased brand awareness and consumer interaction [3][5] - Collaborations with well-known influencers and artists have expanded the brand's market reach and product offerings [5] - The company's digital transformation efforts are setting a benchmark for the fashion industry's digital development, aiming for a more intelligent and personalized future [5]

Core Viewpoint - The company plans to utilize up to 500 million yuan of idle raised funds for cash management, ensuring that it does not affect the implementation of fundraising projects and aims to enhance the efficiency of fund usage [2][4][14]. Investment Overview - **Investment Purpose**: The objective is to improve the efficiency of the use of raised funds while ensuring that it does not impact the construction of fundraising projects [4]. - **Investment Amount and Duration**: The company intends to use no more than 500 million yuan for cash management, with a usage period of 12 months from the date of board approval, allowing for rolling use within this limit [5]. - **Source of Funds**: The funds for this cash management will come from the company's temporarily idle raised funds [6]. Investment Method - **Investment Type**: The company plans to purchase safe, liquid, principal-protected bank wealth management products with a maturity of no more than 12 months [3][7]. - **Implementation Method**: The board authorizes the chairman or authorized personnel to make decisions and sign relevant contracts within the effective period and amount [8]. Disclosure and Compliance - The company will strictly adhere to relevant regulations and guidelines for timely disclosure of the cash management situation [10]. Review Process - The board approved the cash management proposal on February 25, 2026, ensuring that it does not affect the implementation of fundraising projects [11]. Impact on the Company - The cash management of idle raised funds is conducted without altering the intended use of the funds, thereby not affecting the normal operation and investment progress of fundraising projects [14]. Sponsor's Verification Opinion - The sponsor, CITIC Securities, confirms that the cash management proposal complies with relevant laws and regulations, and it is beneficial for improving the efficiency of idle raised funds without harming shareholder interests [15][16].

Core Viewpoint - The company plans to utilize up to 500 million yuan of idle raised funds for cash management to enhance the efficiency of fund usage while ensuring that it does not affect the implementation of fundraising projects [2][10]. Group 1: Investment Overview - The purpose of the investment is to improve the efficiency of the use of raised funds and to generate more returns for the company and its shareholders while ensuring that the fundraising projects are not impacted [4]. - The company intends to use no more than 500 million yuan of idle raised funds for cash management, with a usage period of 12 months from the date of the board's approval, allowing for rolling use within this limit [5][10]. - The funds for this cash management will come from the company's temporarily idle raised funds [5]. Group 2: Investment Methodology - The company plans to invest idle raised funds in safe, liquid, and principal-protected bank wealth management products with a maturity of no more than 12 months [6]. - The board has authorized the chairman or designated personnel to make decisions and sign relevant contracts within the effective period and amount [7]. Group 3: Disclosure and Compliance - The company will strictly adhere to relevant regulations and guidelines for timely disclosure of the specific circumstances regarding the use of idle raised funds for cash management [8]. - The sponsor, CITIC Jianchao Securities Co., Ltd., has confirmed that the company's cash management plan complies with applicable laws and regulations, ensuring that it does not affect the implementation of fundraising projects or harm shareholder interests [17]. Group 4: Impact on the Company - The cash management of idle raised funds will not affect the normal operation and investment progress of the fundraising projects, thereby improving fund usage efficiency and generating more returns for the company and its shareholders [15].

Core Viewpoint - The company, Taiping Bird, announced plans to utilize part of its idle raised funds for cash management, specifically through the purchase of safe and liquid bank wealth management products, with a maximum investment of 500 million yuan [1] Group 1 - The company will hold its fifth board meeting on February 25, 2026, to review the proposal for cash management using idle funds [1] - The proposed investment amount is not to exceed 500 million yuan [1] - The investment will focus on bank wealth management products that are safe, liquid, and have a term not exceeding 12 months [1] Group 2 - The usage period for the funds will be valid for 12 months from the date of board approval [1] - The funds can be rolled over within the approved limit [1] - This cash management strategy will not affect the progress of the investment projects funded by the raised capital or the company's normal operations [1]

一、投资情况概述 （一）投资目的 为提高募集资金使用效率，在确保不影响募集资金项目建设和募集资金使用 的情况下，公司合理利用部分暂时闲置募集资金进行现金管理，为公司及股东获 取更多的回报。 （二）投资额度及期限 公司拟使用不超过 5 亿元的闲置募集资金进行现金管理，使用期限自公司董 事会审议通过之日起 12 个月内有效，在上述额度和期限内，资金可以循环滚动 使用。 （三）资金来源 中信建投证券股份有限公司 关于宁波太平鸟时尚服饰股份有限公司 使用部分闲置募集资金进行现金管理的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐人"）作 为宁波太平鸟时尚服饰股份有限公司（以下简称"太平鸟"或"公司"）的持续 督导机构，根据《证券发行上市保荐业务管理办法》《上市公司募集资金监管规 则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》《上海证券交 易所上市公司自律监管指引第 11 号——持续督导》等相关法律、法规及规范性 文件的要求，对公司使用部分闲置募集资金进行现金管理的事宜进行了审慎核查， 具体情况如下： 公司拟使用闲置募集资金购买安全性高、流动性好、产品期限不超过 12 个 月的保 ...

| 证券代码：603877 | 证券简称：太平鸟 | 公告编号：2026-003 | | --- | --- | --- | | 债券代码：113627 | 债券简称：太平转债 | | 宁波太平鸟时尚服饰股份有限公司 关于使用部分闲置募集资金进行现金管理的公告 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： 现金管理额度及期限：拟使用不超过 5 亿元的闲置募集资金进行现金管 理，使用期限自本次董事会审议通过之日起 12 个月内，在上述额度和期限内， 资金可以循环滚动使用。 现金管理投资品种：用于购买安全性高、流动性好、产品期限不超过 12 个月的保本型银行理财产品。 已履行的审议程序：宁波太平鸟时尚服饰股份有限公司（以下简称"公 司"）于 2026 年 2 月 25 日召开第五届董事会第九次会议审议通过了《关于使用 部分闲置募集资金进行现金管理的议案》，保荐人中信建投证券股份有限公司对 本事项出具了明确的核查意见。 特别风险提示：公司拟投资的银行理财产品属于安全性高、流动性好的 投资品种，但金融市场受宏观经济的 ...