（一）审议通过《关于选举代表公司执行公司事务的董事的议案》 为规范公司治理，根据《公司法》《公司章程》等有关规定，公司董事会选 举董事长陆暾华先生为代表公司执行公司事务的董事，任期自本次董事会审议通 过之日起至公司第七届董事会任期届满日止。根据《公司章程》的相关规定，代 表公司执行公司事务的董事为公司法定代表人。本次选举后，公司法定代表人未 发生变更。 证券代码：603908 证券简称：牧高笛 公告编号：2025-046 牧高笛户外用品股份有限公司 第七届董事会第六次会议决议公告 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、董事会会议召开情况 牧高笛户外用品股份有限公司（以下简称"公司"）第七届董事会第六次会 议于2025年12月15日在公司会议室以现场结合通讯表决方式召开，本次会议的通 知已于2025年12月8日通过专人、通讯的方式传达全体董事，会议应出席董事9 人，实际出席董事9人，公司高级管理人员列席了本次会议，会议由董事长陆暾 华先生主持。会议的召集、召开和表决程序符合《公司法》、《公司章程》和 ...

每经AI快讯，牧高笛12月15日晚间发布公告称，公司第七届第六次董事会会议于2025年12月15日在公 司会议室以现场结合通讯表决方式召开。会议审议了《关于选举代表公司执行公司事务的董事的议案》 等文件。 每经头条（nbdtoutiao）——"一针两千，童颜针年销3亿元"背后：多家关联方注册地"查无此人"，股民 追问"钱呢"！钱氏姐弟几乎"掏空"江苏吴中，公司即将退市 （记者 王晓波） ...

Core Viewpoint - Mugaodi (SH603908) reported a significant decline in both revenue and net profit for the first three quarters of 2025, indicating ongoing financial challenges for the company [1][3]. Financial Performance - For the first three quarters of 2025, Mugaodi's revenue was 819 million yuan, a year-on-year decrease of 24.21% [1][2]. - The net profit attributable to shareholders was 36.65 million yuan, down 60.35% year-on-year [1][2]. - In Q3 2025, the revenue was 213 million yuan, reflecting a 13.2% decrease compared to the same period last year [1][2]. Historical Performance - From 2020 to 2024, Mugaodi's revenue figures were 643 million yuan, 923 million yuan, 1.436 billion yuan, 1.456 billion yuan, and 1.304 billion yuan, respectively [3]. - The net profit for the same period was 45.97 million yuan, 78.61 million yuan, 141 million yuan, 107 million yuan, and 83.76 million yuan [3]. - The company experienced strong growth from 2020 to 2022, but in 2023, revenue growth slowed to only 1.4%, and net profit fell by 24.05% [3]. Executive Compensation - In 2022, the total compensation for Mugaodi's board and executives was 6.7183 million yuan [7]. - By 2023, this figure increased to 11.1618 million yuan, with significant raises for key executives [10]. - The total compensation is projected to rise further to 16.6978 million yuan in 2024, with the chairman's salary increasing substantially [14][16]. Management Changes - In May 2023, Mugaodi and its manufacturing director, Ma Qigang, mutually agreed to terminate their employment relationship [17]. - Lu Tunhua, the chairman and general manager, has been with the company for the last five years and holds multiple executive roles within its subsidiaries [17].

Group 1 - The core point of the article is that Mugaodi has announced the termination of its employee stock ownership plan for 2023, leading to the repurchase and cancellation of 239,012 shares [2] - The cancellation date for the repurchased shares is set for November 27, 2025 [2]

证券代码：603908 证券简称：牧高笛 公告编号：2025-045 牧高笛户外用品股份有限公司 关于2023年员工持股计划剩余股份回购注销的实施公告 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。 本次注销股份的有关情况 | 回购股份数量 | 注销股份数量 | | 注销日期 | | | | --- | --- | --- | --- | --- | --- | | 239,012 | 239,012 | 2025 | 年 11 月 | 27 | 日 | 一、本次员工持股计划回购注销的决策与信息披露 （一）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》。具体内容详见公司于2025 年8月30日在上海证券交易所网站（www.sse.com.cn）披露的《关于回购注销 2023年员工持股计划剩余股份的公告》（公告编号：2025-032）。公司于2025 年9月15日召开2025年第一次临时股东大会，审议通过了《关于回购注销2023年 员工持股计划剩余股份的议案》 ...

Market Overview - The apparel and home textile sector increased by 1.3% compared to the previous trading day, with Sanfu Outdoor leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Top Gainers - Sanfu Outdoor (002780) closed at 17.45, up 10.03% with a trading volume of 287,400 shares and a transaction value of 478 million [1] - Zhiyaomeijia (003041) closed at 37.29, up 10.00% with a trading volume of 1,374,280 shares [1] - Jiumuwang (601566) closed at 11.44, up 10.00% with a trading volume of 541,700 shares and a transaction value of 605 million [1] - Qipiwolf (002029) closed at 10.94, up 7.57% with a trading volume of 1,041,200 shares and a transaction value of 1.082 billion [1] Market Capital Flow - The apparel and home textile sector saw a net inflow of 91.52 million from institutional investors, while retail investors experienced a net outflow of 125 million [2][3] - Major stocks like Wanlima (300591) had a net inflow of 90.38 million from institutional investors, but a net outflow of 67.38 million from retail investors [3] - Sanfu Outdoor (002780) had a net inflow of 78.61 million from institutional investors, with retail investors showing a net outflow of 56.16 million [3]

Group 1 - The camping economy concept stocks are experiencing a strong performance, with Aoya Co., Ltd. hitting a 20% limit up [1] - Sanfu Outdoor previously reached a limit up, indicating robust investor interest [1] - Other companies such as Taipeng Intelligent, Mugaodi, Wanlima, and Tanuo also saw gains, reflecting a broader trend in the sector [1] Group 2 - The recent wilderness survival event at Qixing Mountain in Zhangjiajie has gained significant popularity online, contributing to the growth of the camping economy [1]

Group 1 - The core viewpoint of the news is that Mugaodi has experienced a significant stock price increase, rising 5.37% to 27.10 CNY per share, with a total market capitalization of 2.53 billion CNY and a trading volume of 94.74 million CNY [1] - Mugaodi has seen its stock price increase for 10 consecutive days, with a cumulative increase of 0% during this period [1] - The company, established on October 31, 2006, and listed on March 7, 2017, primarily operates in self-owned brand operations and OEM/ODM camping tent businesses, with revenue composition of tents and equipment at 89.46%, clothing and shoes at 7.23%, accessories at 3.20%, and others at 0.11% [1] Group 2 - Among the top ten circulating shareholders of Mugaodi, a fund under Nuoan Fund has increased its holdings, with Nuoan Multi-Strategy Mixed A (320016) adding 149,700 shares in the third quarter, bringing its total to 551,600 shares, which represents 0.59% of circulating shares [2] - The fund has achieved a year-to-date return of 75.13%, ranking 210 out of 8145 in its category, and a one-year return of 70.53%, ranking 181 out of 8059 [2] - The fund manager, Kong Xianzheng, has a tenure of 4 years and 353 days, with the fund's total asset size at 5.608 billion CNY and a best return of 91.19% during his tenure [3]

Core Points - The company has completed the cancellation of its fundraising special account, as all projects funded by the initial public offering (IPO) have been finalized [8][9] - The remaining funds of 5.3659 million yuan will be permanently used to supplement the company's working capital for daily operations [8] Fundraising Basic Information - The company raised a total of 273.2153 million yuan by issuing 16.69 million shares at a price of 16.37 yuan per share, with a net amount of 228.1453 million yuan after deducting issuance costs [2] - The funds were fully received on March 1, 2017, and were verified by an accounting firm [2] Fundraising Management - The company established a management method for the fundraising to ensure compliance with relevant laws and regulations, and to protect investors' interests [3] - The company signed tripartite supervision agreements with various banks and its sponsor to manage the fundraising account [3][4] Fundraising Account Cancellation - The company has canceled several fundraising special accounts over the years as projects were completed, including accounts related to the "O2O Management System and Information Technology Construction Project" [5][7] - As of October 29, 2025, the company has transferred all remaining balances from the fundraising accounts to its own funds and completed the cancellation procedures [9]

经中国证券监督管理委员会证监许可[2017] 232 号《关于核准牧高笛户外用 品股份有限公司首次公开发行股票的批复》核准，本公司向社会公开发行人民币 普通股（A 股）股票 1,669 万股，发行价格 16.37 元/股，募集资金总额为 273,215,300.00 元，扣除各项发行费用 45,070,000.00 元（不含税），实际募集资 金净额为人民币 228,145,300.00 元。上述募集资金于 2017 年 3 月 1 日全部到位， 已经立信会计师事务所（特殊普通合伙）审验，并出具信会师报字[2017]第 ZF10060 号《验资报告》。上述募集资金存放于募集资金专项账户，实行专户管 理。 二、募集资金管理情况 为了规范募集资金的管理和使用，保护投资者的利益，本公司已按照《中华 人民共和国公司法》、《中华人民共和国证券法》、中国证监会和上海证券交易 所的有关规定要求制定了《牧高笛户外用品股份有限公司募集资金管理办法》（以 下简称《管理办法》），对公司募集资金的存储、使用、管理与监管等方面作出 了明确规定。公司严格按照《管理办法》的规定管理募集资金，募集资金的存储、 使用、管理与监管不存在违反《管理 ...