证券代码：603908 证券简称：牧高笛 公告编号：2026-002 牧高笛户外用品股份有限公司 关于为控股子公司提供担保的进展公告 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： 担保对象及基本情况 | 被担保人名称 | | 本次担保金额 | | 实际为其提供的 担保余额（不含本 | | 是否在前期预计 | 本次担保是否有 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 次担保金额） | | 额度内 | 反担保 | | 浙江牧高笛户外用 品有限公司（以下 简 称 " 浙 江 高 | 牧 | 10,000.00 | 万元 | 11,935.20 | 万元 | 是 | 否 | | 笛"） | | | | | | | | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 150,400.00 | | 对外担保总额占上市公司最近一 期经审 ...

Core Viewpoint - Mugaodi (603908) is actively enhancing its brand influence through collaborations with outdoor professionals and bloggers, utilizing both online and offline channels for promotion [1] Group 1 - The company is committed to continuous collaboration with outdoor professionals and bloggers [1] - Mugaodi employs a multi-channel approach for brand and product promotion [1] - The focus is on increasing brand influence in the outdoor industry [1]

Industry Overview - The camping tent market is experiencing significant growth driven by the rising popularity of outdoor activities and the influence of social media [1][9] - The market demand for camping tents is expected to reach 9.417 billion yuan in 2024, representing a year-on-year growth of 20.7% [1][9] - The camping economy in China is projected to reach a core market size of 213.97 billion yuan by 2024, with a total market size of 1.15545 trillion yuan [7][9] Industry Development History - The camping tent industry originated in Europe in the late 19th century, evolving with advancements in materials and technology [6] - The industry saw rapid growth during the 20th century, particularly during the post-war period and the rise of outdoor activities in the 1960s to 1980s [6] Industry Background - Camping has transitioned from a niche experience to a mainstream leisure activity, supported by policy initiatives and the growth of the tourism economy [7] - The camping industry is expanding steadily, with a forecasted market size increase to 248.32 billion yuan by 2025 [7] Industry Chain - The camping tent industry chain includes upstream raw materials (e.g., polyester fabric), midstream manufacturing, and downstream sales channels [7] Current Market Status - The camping tent market in China has grown from 5.952 billion yuan in 2015 to an estimated 32.107 billion yuan in 2024, with a compound annual growth rate of 20.59% [9] Competitive Landscape - The camping tent industry features a mix of domestic and international brands, with high-end brands like Snow Peak and Coleman leading the market [10] - Domestic brands such as MobiGarden and Camel are gaining market share by focusing on cost-effectiveness and rapid market response [10] Key Companies - MobiGarden Outdoor Products Co., Ltd. reported a revenue of 1.303 billion yuan in 2024, a decrease of 10.45% due to market conditions affecting its brand business [10][11] - Beijing Sanfu Outdoor Products Co., Ltd. achieved a revenue of 362 million yuan in the first half of 2025, reflecting a year-on-year growth of 15.66% [12] Future Trends - The camping tent market is expected to evolve towards specialization and functionality, with products tailored for specific environments and activities [13] - Smart camping tents integrating technology for comfort and energy efficiency are anticipated to become more prevalent [13] - Sustainability will drive innovation, with a focus on recyclable materials and eco-friendly practices throughout the product lifecycle [14][15]

Core Viewpoint - The company, Mugaodi, announced the approval of several resolutions during the sixth meeting of its seventh board of directors, including the election of a director to represent the company in executing company affairs and the confirmation of the audit committee members and their convener [2] Group 1 - The board meeting approved the election of a director to represent the company in executing its affairs [2] - The meeting confirmed the members and the convener of the board's audit committee [2]

（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]