证券代码：603889 证券简称：新澳股份 公告编号：2025-027 浙江新澳纺织股份有限公司 关于调整限制性股票回购价格及回购注销 部分限制性股票的公告 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个别及连带责任。 重要内容提示： 浙江新澳纺织股份有限公司（以下简称"公司"）于 2025 年 6 月 17 日召开 第六届董事会第二十次会议,审议通过了《关于调整限制性股票回购价格及回购 注销部分限制性股票的议案》，因公司 2023 年度及 2024 年度权益分派方案已实 施完毕，同意对回购价格进行相应调整，同时，同意回购注销 8 名激励对象已获 授但尚未解除限售的 19.35 万股限制性股票。现将有关事项说明如下： 一、限制性股票激励计划已履行的相关审批程序 1、2023 年 9 月 19 日，公司召开第六届董事会第四次会议审议通过了《关 于公司<2023 年限制性股票激励计划（草案）>及其摘要的议案》、《关于公司 <2023 年限制性股票激励计划实施考核管理办法>的议案》、《关于提请股东大 会授权董事会办理 2023 年限制性股票 ...

Core Viewpoint - The article discusses the evolution and current policies of China's textile industry, emphasizing the government's support for digital transformation, quality improvement, and sustainable development to enhance the industry's global competitiveness and achieve the goals of becoming a manufacturing and quality powerhouse [1][3]. Policy Evolution - During the "11th Five-Year Plan," the focus was on increasing the technological content and brand proportion in the textile industry, promoting high-tech and environmentally friendly fibers, and expanding the use of non-cotton natural fibers [1]. - The "12th Five-Year Plan" emphasized environmental protection, quality safety, and brand building within the light textile industry [1]. - The "13th Five-Year Plan" aimed to consolidate China's advantages in textile manufacturing and international trade, establishing the country as a textile powerhouse [1]. - The "14th Five-Year Plan" seeks to elevate the textile industry to a higher position in the global value chain, contributing to the goals of becoming a manufacturing and quality strong nation [1]. National Policy Summary and Interpretation - Recent national policies, such as the "Three-Year Action Plan for Digital Transformation of the Textile Industry (2022-2024)" and the "Implementation Plan for Quality Improvement and Upgrading of the Textile Industry (2023-2025)," provide a favorable macro environment and policy support for the industry's development [3][4]. - These policies aim to promote healthy and rapid development across various segments of the textile supply chain and enhance the industry's global competitiveness [3]. Key Policy Details - The "Implementation Plan" outlines goals for 2025, including: - R&D expenditure intensity of 1.3% for large-scale textile enterprises [8]. - 70% of large-scale textile enterprises achieving digital networking [8]. - Reduction in energy and water consumption per unit of industrial added value, along with continuous decreases in major pollutant emissions [8]. - Improvement in the quality and scale of recycled textile products, aiming to establish 20 globally recognized brands [8]. Key Tasks and Focus Areas - Accelerate innovation-driven development and enhance independent innovation capabilities by focusing on key technology breakthroughs and establishing industry innovation platforms [9]. - Promote high-end manufacturing in textiles and expand the application of functional chemical fibers across various sectors of the economy [9]. - Develop smart manufacturing and improve industry quality and efficiency through the adoption of digital technologies [9]. - Advance green and circular low-carbon development by promoting energy-saving and pollution-reducing technologies [9]. - Enhance the resilience of the supply system to meet and lead fashion consumption upgrades [9]. - Optimize regional industrial layouts and foster open cooperation within the textile industry [9]. Provincial Policy Summary - Various provinces have introduced policies to support the development of the textile industry, focusing on high-quality growth, digital transformation, and the promotion of environmentally friendly materials [12][14]. - For example, Guangdong aims to enhance the digital transformation of its textile industry by 2025, achieving over 60% integration of digital technologies [16].

Group 1 - The company announced the resignation of non-independent director Shen Jianbo due to work adjustments, while he will continue to serve as the deputy general manager [1][2] - Shen Jianbo's resignation will not affect the legal number of board members or the normal operation of the board [2] - The company held a staff representative meeting on June 6, 2025, where Zhang Linfeng was elected as the staff representative director for the sixth board, with a term lasting until the board's term ends [3] Group 2 - Zhang Linfeng, born in 1988, has been with the company since 2012 and currently serves as the quality deputy director [3][4] - Zhang holds 70,000 shares in the company, including 56,000 restricted stock options, and has no related party relationships with major shareholders or other board members [4] - Zhang meets all legal requirements to serve as a director, with no disqualifications or legal issues reported [4]

证券代码：603889 证券简称：新澳股份 公告编号：2025-025 浙江新澳纺织股份有限公司 关于董事辞任暨选举职工代表董事的公告 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、非独立董事离任情况 (一) 提前离任的基本情况 浙江新澳纺织股份有限公司（以下简称"公司"）收到公司非独立董事沈剑 波先生递交的书面辞任报告。因工作调整，沈剑波先生申请辞去公司第六届董事 会非独立董事职务，辞任后仍继续担任公司副总经理。 | | | | | 原定任期到 | 离任 | 是否继续在上 | 具体职务 | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 姓名 | 离任职务 | 离任时间 | | | | 市公司及其控 | | | | | | | | 期日 | 原因 | 股子公司任职 | （如适用） | 毕的公开 | | | | | | | | | | 承诺 | | 沈剑波 | 非独立董 | 2025年 6 | 月 | 2026 年 1 月 | 工 ...

Investment Rating - The report maintains an "Outperform" rating for the textile and apparel industry [1] Core Insights - The report outlines the timeline of Trump's tariff policy, highlighting the uncertainty surrounding tariffs and their impact on international brands [2] - International brands have expressed concerns about the impact of tariffs on profits, with varying exposure levels to the U.S. market and sourcing strategies [2][12] - The report anticipates industry consolidation and the potential for suppliers with lower U.S. exposure and higher profit margins to gain market share [2][35] Summary by Sections 1. Key Timeline of Trump's Tariff Policy - On April 10, the Trump administration announced a 90-day tariff delay for 75 countries, set to expire on July 8 [2] - A court ruling on May 28 deemed Trump's tariff policy invalid, leading to further appeals and ongoing uncertainty [2][11] 2. International Brands' Responses to Tariff Events - Brands like Uniqlo, Adidas, and PUMA have varying U.S. market exposure, with Uniqlo at 7% and Adidas and PUMA at 20% [12][13] - Most brands source less than 10% of their products from China, with a significant portion coming from Southeast Asia, particularly Vietnam [12] - Short-term measures include pre-shipping goods to the U.S. and long-term strategies involve price adjustments and supply chain diversification [12][19] 3. Textile Enterprises' Capacity Distribution and Tariff Risk Exposure - Companies like Shenzhou International and Huayi Group have low U.S. revenue exposure, while those with significant Southeast Asian production face higher U.S. revenue percentages [2][32] - The report lists net profit margins for various companies, with Shenzhou International leading at 20.9% [2][32] - Companies with U.S. revenue below 20% are less sensitive to tariff impacts, while those with higher margins can maintain profitability even under pressure [32] 4. Investment Recommendations - Key recommendations include Shenzhou International for its low U.S. exposure and high net margin, and Huayi Group for its strong market position and demand [35] - Other companies to watch include Weixing Co., Taihua New Materials, and Kairun Co., which are expected to benefit from market share gains [35]

证券代码：603889 证券简称：新澳股份 公告编号：2025-024 浙江新澳纺织股份有限公司 名称：浙江新中和羊毛有限公司； 统一社会信用代码：91330483753001470H； 注册资本：伍仟柒佰玖拾肆万元整； 类型：有限责任公司（自然人投资或控股的法人独资）； 法定代表人：华新忠； 成立日期：2003 年 08 月 08 日； 住所：浙江省嘉兴市桐乡市崇福镇世纪大道 568 号； 关于全资子公司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个别及连带责任。 浙江新澳纺织股份有限公司全资子公司浙江新中和羊毛有限公司（以下简称 "新中和"）住所由"桐乡市崇福经济开发区"变更为"浙江省嘉兴市桐乡市崇 福镇世纪大道 568 号"。 近日，新中和在桐乡市市场监督管理局完成了工商变更登记手续并换领了营 业执照，其基本信息如下： 特此公告。 浙江新澳纺织股份有限公司 2025 年 6 月 5 日 经营范围：生产销售毛条产品、羊毛脂（国家限制和禁止经营的除外）；纺 织原料和产品的批发、进出口贸易及佣金代理 ...

证券代码：603889 证券简称：新澳股份 公告编号：2025-023 浙江新澳纺织股份有限公司 董事减持股份结果公告 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： | 股东名称 | 刘培意 | | | | --- | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 | □是 | √否 | | | 直接持股 5%以上股东 | □是 | √否 | | | 董事、监事和高级管理人员 | √是 | □否 | | | 其他：不适用 | | | | 持股数量 | 909,640股 | | | | 持股比例 | 0.1245% | | | | 当前持股股份来源 | 其他方式取得：909,640股 | | | 一、减持主体减持前基本情况 注：上述"其他方式取得"主要系股权激励授予及资本公积金转增股本所得。 (三)减持时间区间届满，是否未实施减持 □未实施 √已实施 (四)实际减持是否未达到减持计划最低减持数量（比例） □未达到 √已达到 (五)是否提前终止减持计划 □是 √否 ...

Group 1 - The textile industry in China has experienced fluctuations in investment and financing, with a peak in 2019 and a decline starting in 2020, leading to a total of 13 financing events and an investment amount of 9.65 billion yuan in 2024 [1][20] - Investment rounds in the textile industry are primarily early-stage, focusing on A-round, angel, and strategic investments, indicating a trend towards resource integration and industry chain extension [2] - The majority of financing events are concentrated in Guangdong and Zhejiang provinces, with 21 events each, due to their complete textile industry chain and mature market environment [5] Group 2 - The focus of investment in the textile industry is shifting towards new textile materials, reflecting a strategic direction in the sector [7] - The investment entities in the textile industry are predominantly capital organizations, accounting for 74%, with notable investors including Shenchuang Investment and SoftBank China Capital [11] - There are several textile-related private equity funds established, indicating a growing interest in the sector [14] Group 3 - Horizontal mergers and acquisitions among midstream textile companies have become mainstream as a strategy to expand scale amid intense competition [16][18] - Recent merger and acquisition activities include significant transactions, such as the acquisition of 100% of Longrun Materials by Jiulong Recycling [17] - The overall trend in the textile industry indicates a focus on consolidation through mergers and acquisitions to enhance competitiveness [20]

Core Insights - The global textile industry is experiencing a shift towards Southeast Asia, while parts of China's textile sector are upgrading to high-end production [1][4][5] Group 1: Historical Development - The textile industry originated during the 18th century with the British Industrial Revolution, where steam engines significantly increased production efficiency [2] - By the late 19th century, the U.S. began to take over cotton textile production due to labor and resource advantages, with U.S. cotton yarn production exceeding 50% of global output by the 1920s [2] - Japan established a strong textile industry post-World War II through Western technology and government support, becoming a key manufacturing center [2] - China emerged as the world's largest textile producer and exporter in the early 21st century, with textile and apparel exports rising from 13% to 34% of global trade from 2001 to 2010 [2] - Currently, as labor costs rise in China, low-end production is shifting to Southeast Asian countries, while China focuses on high-value products [2][4] Group 2: Market Size and Growth - The global textile industry market value is projected to reach $1.07 trillion in 2024, reflecting a year-on-year growth of approximately 2% [4][5] - The number of companies in the global textile market is estimated at 2.731 million, indicating a significant market presence [5] Group 3: Fiber Production - Global fiber production reached a record high of 124 million tons in 2023, up from 116 million tons in 2022, with polyester fibers accounting for 57% of total fiber production [7] Group 4: Market Structure - The global textile industry exhibits a low concentration level, characterized by a long-tail feature and fragmented competition, with over 3 million registered companies [10] - In the home textile sector, the top three companies hold only 2.31% market share, indicating a highly competitive environment [10] Group 5: Regional Contribution - East Asia dominates the global textile industry, accounting for $717.7 billion, or 66.89% of the total market value [12]

Group 1: Cost Structure Analysis - In the textile industry, direct material costs constitute the primary component of production costs, accounting for approximately 70%-85% of total costs, which significantly impacts pricing and profitability [1][4] - Fluctuations in raw material prices have a notable effect on cost control and profitability, leading companies to adopt strategies such as centralized purchasing, hedging, and advance stocking to mitigate risks [1] Group 2: Price Transmission Mechanism - The textile industry operates through a supply, manufacturing, and sales chain, where costs from the supply side, including raw materials and labor, are transmitted to the manufacturing side as production costs, which then influence consumer pricing through demand elasticity [4] Group 3: Value Distribution in the Textile Industry - Sales represent the most critical segment of the textile value chain, with downstream apparel and home textile brands holding significant bargaining power, while upstream suppliers have limited negotiation capabilities, resulting in intense price competition and low profitability for textile manufacturers [6] Group 4: Industry Operating Efficiency - From 2015 to 2023, the total profit of China's textile industry has shown a downward trend, indicating weakened profitability; however, in 2024, the total profit for textile enterprises (excluding apparel and chemical fiber) is projected to reach 86.87 billion yuan, reflecting a year-on-year increase of 3.5% after two consecutive years of decline [10] Group 5: Profitability of Textile Enterprises - The gross profit margin in the textile industry exhibits significant quarterly cyclicality, typically fluctuating between 10% and 12%, with November generally showing higher margins above 11%, while May and August tend to have lower margins due to seasonal production and sales factors [11]