牧高笛户外用品股份有限公司 关于回购注销2023年员工持股计划剩余股份的公告 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。 牧高笛户外用品股份有限公司（以下简称"公司"）于2025年8月28日召开 第七届董事会第四次会议，审议通过《关于回购注销2023年员工持股计划剩余 股份的议案》，公司拟将已终止的2023年员工持股计划剩余股份239,012股进行 回购注销。本议案尚需提交公司股东大会审议。现将有关事项说明如下： 一、2023年员工持股计划的基本情况 1、2023年8月11日，公司召开第六届董事会第十次会议，审议通过了《关 于<牧高笛户外用品股份有限公司2023年员工持股计划（草案）>及其摘要的议 案》等相关议案，并于2023年8月28日召开2023年第一次临时股东大会，审议通 过上述相关议案。具体内容分别详见公司于2023年8月12日、2023年8月29日披 露于上海证券交易所网站（www.sse.com.cn）等指定媒体的相关公告。 证券代码：603908 证券简称：牧高笛 公告编号：2025-032 2、根据公司《2 ...

证券代码：603908 证券简称：牧高笛 公告编号：2025-036 牧高笛户外用品股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 09 月 11 日 （星期四） 至 09 月 17 日 （星 期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱 ir@mobigarden.com.cn 进行提问。公司将在说明会 上对投资者普遍关注的问题进行回答。 牧高笛户外用品股份有限公司（以下简称"公司"）已于 2025 年 8 月 30 日发布公司 2025 年半年度报告，为便于广大投资者更全面深 入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 09 月 18 日 （星期四） 11:00-12:00 举行 2025 年半年度业绩说 明会，就投资者关心的问题进行交流。 一、 说明会类 ...

证券代码：603908 证券简称：牧高笛 公告编号：2025-031 牧高笛户外用品股份有限公司 关于2025年半年度募集资金存放与实际使用情况的专项报告 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。 根据中国证券监督管理委员会《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》以及《上海证券交易所上市 公司自律监管指南第 1 号——公告格式》的相关规定，本公司就 2025 年半年度 募集资金存放与使用情况作如下专项报告： 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 2019 年 1 月，公司与中国建设银行股份有限公司宁波江东支行、保荐机构、 子公司浙江牧高笛户外用品有限公司签署了《募集资金专户存储四方监管协议》， 四方监管协议与上海证券交易所的《募集资金专户存储三方监管协议（范本）》 不存在重大差异，监管协议的履行不存在问题。 2019 年 5 月，公司披露了《关于首次公开发行股票募集资金部分专户销户 的公告》，鉴于公司募集资金投资项目"补充流动资金项目"已按计划使用 ...

Financial Performance - The company's operating revenue for the first half of 2025 was CNY 605.50 million, a decrease of 27.45% compared to CNY 834.63 million in the same period last year[21]. - The total profit for the reporting period was CNY 57.44 million, down 42.64% from CNY 100.13 million year-on-year[21]. - The net profit attributable to shareholders was CNY 47.21 million, reflecting a 40.35% decline from CNY 79.14 million in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 41.04 million, a decrease of 46.97% compared to CNY 77.38 million last year[21]. - The basic earnings per share dropped to CNY 0.51, down 57.14% from CNY 1.19 in the same period last year[22]. - The diluted earnings per share also fell to CNY 0.51, a 57.14% decrease year-on-year[22]. - The weighted average return on net assets was 8.18%, down 5.16 percentage points from 13.34% in the previous year[22]. - The net assets attributable to shareholders decreased by 3.05% to CNY 548.10 million from CNY 565.36 million at the end of the previous year[21]. - The total assets increased by 6.17% to CNY 1,206.37 million compared to CNY 1,136.23 million at the end of the previous year[21]. - The company achieved revenue of 605 million RMB in the reporting period, a decrease of 27.45% year-on-year[31]. - Net profit for the period was 47.21 million RMB, down 40.35% compared to the same period last year[31]. Non-Recurring Items - The company reported a non-recurring profit of 7.40 million RMB from government subsidies, which had a sustained impact on profit and loss[25]. - The company reported a non-recurring loss of 84,527.76 RMB from other non-recurring profit and loss items[25]. - The net profit after deducting the impact of share-based payments was 46.34 million RMB, a decrease of 42.07% year-on-year[27]. Market and Product Development - The company attributed the decline in performance to market environment impacts and slower new product iterations, leading to lower-than-expected sales[23]. - The company launched the "Wilderness Hengduan Plan" to develop high-performance outdoor gear, utilizing the Hengduan Mountains as a natural laboratory[33]. - New products from the Cold Mountain series were showcased at ISPO SHANGHAI 2025, featuring the "Hengduan Color Series" inspired by the unique geography of the Hengduan Mountains[35]. - The company is focusing on digitalization and information integration to improve manufacturing efficiency and optimize material utilization[36]. - The company aims to strengthen its R&D capabilities by focusing on structural, material, technical, product, and process innovations[36]. Financial Position and Cash Flow - The net cash flow from operating activities improved by 10.45% to ¥90,950,744.76 compared to ¥82,342,201.84 in the previous year[40]. - The company’s cash and cash equivalents increased by 142.69% to ¥259,618,047.26 from ¥106,975,544.13, indicating improved liquidity[42]. - Accounts receivable rose by 68.83% to ¥204,358,394.33 from ¥121,043,708.05, suggesting an increase in sales on credit[42]. - The total amount of short-term borrowings increased by 129.45% to ¥243,250,006.51 from ¥106,016,520.00, indicating higher leverage[42]. - The company’s overseas assets amounted to ¥377,615,857.22, accounting for 31.30% of total assets[44]. - The net cash flow from financing activities surged by 523.24% to ¥69,131,892.59 from ¥11,092,329.53, reflecting significant financing activities during the period[40]. Shareholder and Equity Information - The company reported a total of 12,833 common stock shareholders as of the end of the reporting period[85]. - The largest shareholder, Ningbo Damu Investment Co., Ltd., holds 50.44% of the shares, totaling 47,092,574 shares[87]. - Zhejiang Jiatuo Investment Management Co., Ltd. is the second-largest shareholder with a 10.00% stake, holding 9,336,740 shares[87]. - The company has not experienced any changes in its share capital structure during the reporting period[85]. - The company has committed to not transferring more than 25% of its shares held by directors and senior management annually after the lock-up period[65]. Risks and Challenges - The company faces macroeconomic risks due to global economic instability and rising protectionism, which may impact international trade[55]. - The company is exposed to risks from declining overseas demand influenced by inflation and geopolitical tensions[55]. - The company has experienced a significant increase in competition within the domestic outdoor industry, which may affect its market position[55]. - The company has reported a need for improved internal management and coordination as its brand business expands rapidly[56]. Compliance and Governance - The company has not reported any significant environmental information disclosures or updates related to poverty alleviation efforts[64]. - The company reported no significant litigation or arbitration matters during the reporting period[69]. - There were no non-operating fund occupations by controlling shareholders or other related parties during the reporting period[68]. - The company and its controlling shareholders maintained a good integrity status, with no unfulfilled court judgments or significant overdue debts[69]. - There were no major related party transactions disclosed during the reporting period[70]. - The company committed to avoiding related party transactions that could harm the interests of the company and its shareholders[67]. Accounting Policies and Financial Reporting - The company follows the accounting standards set by the Ministry of Finance, ensuring that its financial statements reflect a true and complete picture of its financial status[131]. - The company consolidates financial statements for the entire corporate group as a single accounting entity, reflecting overall financial status, operating results, and cash flows[139]. - The company adjusts the consolidated financial statements for any internal transactions between subsidiaries, recognizing impairment losses in full if related assets are impaired[139]. - The company recognizes its share of assets and liabilities in joint operations, confirming income from the sale of its share of joint operation outputs[146][148]. - The company assesses expected credit losses for other receivables using a similar provision matrix based on aging categories[167].

一、报告期内实体门店变动情况 | 门店类型 | 2024年末数量 | 报告期末数量 | | 报告期内新开 | | 报告期内关闭 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | （家） | （家） | | （家） | | （家） | | | 直营 | 9 | | 8 | | 1 | | 2 | | 加盟 | 218 | | 205 | | 9 | 22 | | | 小计 | 227 | | 213 | | 10 | 24 | | 二、报告期主营业务经营情况 证券代码：603908 证券简称：牧高笛 公告编号：2025-034 牧高笛户外用品股份有限公司 关于2025年半年度主要经营数据的公告 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。 牧高笛户外用品股份有限公司（以下简称"公司"）根据上海证券交易所 《上市公司行业信息披露指引第十二号-服装》的相关规定，现将公司2025年1- 6月主要经营数据（未经审计）公告如下： 单位：元；币种：人民币 | | | | | ...

Core Viewpoint - The soil remediation industry in China is in a growth phase, driven by increasing awareness of soil pollution and regulatory measures, despite facing fluctuations in project numbers and investment amounts [1][4][8]. Group 1: Industry Overview - The soil and groundwater remediation industry in China has developed in three stages: incubation, growth, and stabilization, with the current phase being growth [1]. - The industry has gained attention since the early 2000s due to the severe soil pollution issues resulting from rapid industrialization and inadequate environmental regulations [1]. Group 2: Project Scale and Investment - The scale of soil remediation projects is approximately 10.1 billion yuan, with a total of 1,426 projects initiated in 2024, an increase of 309 projects from the previous year [2]. - However, the total investment in soil remediation projects saw a significant decline in 2024, amounting to 10.09 billion yuan, a year-on-year decrease of 48% [2]. Group 3: Future Development Trends - The demand for soil remediation in China is substantial, but it will be released in a rational and conservative manner, based on a risk management approach [4][8]. - Future growth in the industry is expected to be characterized by a more systematic approach, improved regulatory frameworks, and a focus on environmentally friendly development [4][8]. - Consulting projects, which include technical services, project supervision, effect evaluation, and design, are anticipated to continue growing rapidly as the industry matures [4][8].

Core Insights - The article discusses the financing and investment trends in China's soil remediation industry, highlighting the primary financing methods and purposes of listed companies in this sector [1][2][3]. Financing Overview - Listed companies in the soil remediation industry primarily use private placements for financing, focusing on environmental project development and working capital supplementation [1]. - Key financing events for representative listed companies in the soil remediation sector are projected until 2025, with significant amounts raised for various projects [2][3]. Investment Activities - Representative companies in the soil remediation sector are diversifying their business through external investments, primarily by establishing subsidiaries [3][4]. - Specific investment amounts and purposes include: - Beijing High Energy's investment in various resource utilization companies totaling 150 million RMB [4]. - Construction Repair's investment in environmental technology companies [4]. - Sen Te's investments in renewable energy and environmental technology [5]. Industry Trends - The soil remediation industry is experiencing a trend of mergers and acquisitions, with companies diversifying their portfolios through the acquisition of environmental and remediation firms [12][16]. - The investment landscape shows a high frequency of strategic financing and equity transfers, with a notable concentration of events occurring between 2017 and 2018 [9][10]. Summary of Investment Events - A summary of investment events in the soil remediation industry indicates a mix of strategic investments and equity transfers, with a focus on expanding business operations and enhancing technological capabilities [8][9][10].

8月14日，上交所发布关于中国国际金融股份有限公司2025年面向专业机构投资者公开发行公司债券 （第一期）（品种二）上市的公告。 依据《上海证券交易所公司债券上市规则》等规定，上交所同意中国国际金融股份有限公司2025年面向 专业机构投资者公开发行公司债券（第一期）（品种二）于2025年8月15日起在上交所上市，并采取匹 配成交、点击成交、询价成交、竞买成交、协商成交交易方式。该债券证券简称为"25中金G2"，证券 代码为"242651"。根据中国结算规则，可参与质押式回购。 来源：金融界 ...

Group 1 - The core viewpoint of the article is that the China Construction Bank Housing Rental Fund has successfully passed the project status for its first expansion and new purchase of rental housing projects in 2024, with a planned issuance amount of 600 million yuan [1] Group 2 - The original rights holders of the project are the China Construction Bank Housing Rental Fund (Limited Partnership) and the Jianrong Anju (Beijing) Equity Investment Fund (Limited Partnership) [1] - The project is managed by China International Capital Corporation Limited [1]

内容概况：随着生活水平的提高和休闲方式的多样化，消费者对户外生活品质的关注度显著提升，推动 了中国户外用品市场的快速发展。自动帐篷凭借其便捷性和多功能性，成为满足现代消费者户外活动需 求的热门产品，尤其受到年轻消费群体的青睐。这一代消费者不仅注重产品的实用性，更追求时尚设 计、个性化体验和品牌价值，进一步加速了自动帐篷市场的扩张。自2020年以来，徒步旅行、露营和自 驾游等户外活动日益流行，自动帐篷作为露营必备装备，市场需求呈现迅猛增长态势。数据显示，中国 自动帐篷行业市场规模从2016年的4.16亿元增长至2024年的81.22亿元，年复合增长率为44.97%。随着 人们对户外休闲活动和品质生活的重视程度持续加深，自动帐篷作为户外生活的重要组成部分，其市场 需求将保持强劲增长。未来，在消费升级和户外生活方式普及的双重驱动下，中国自动帐篷行业有望延 续良好的发展势头，市场前景广阔。 相关上市企业：牧高笛（603908）、探路者（300005）、三夫户外（002780）、安踏体育（02020）、 扬州金泉（600307）、桐昆股份（601233）、新凤鸣（603225）、恒力石化（600346）、中材科技 （0 ...