Financial Performance - In 2024, the company's operating revenue was approximately CNY 3.34 billion, a decrease of 6.21% compared to CNY 3.57 billion in 2023[17] - The net profit attributable to shareholders increased by 107.41% to approximately CNY 287.06 million, up from CNY 138.40 million in the previous year[17] - The net cash flow from operating activities rose by 62.76% to approximately CNY 246.47 million, compared to CNY 151.43 million in 2023[17] - Basic earnings per share increased by 106.67% to CNY 0.31, compared to CNY 0.15 in the previous year[17] - The total assets at the end of 2024 were approximately CNY 7.07 billion, a decrease of 4.41% from CNY 7.40 billion at the end of 2023[17] - The net assets attributable to shareholders increased by 1.35% to approximately CNY 4.43 billion, compared to CNY 4.38 billion in 2023[17] - The company reported a net profit attributable to the parent company of 287 million yuan, with a net profit of 64.83 million yuan after deducting non-recurring gains and losses[35] - The textile segment contributed 3.08 billion yuan, accounting for 92.13% of total revenue, with a year-on-year decrease of 6.01%[39] Market and Operational Strategy - The company maintained a strategic focus on improving quality and efficiency while ensuring economic benefits[3] - The company plans to enhance market penetration in both domestic and international markets, focusing on high-end fabric products[31] - The company is focused on market expansion and product development to counteract the challenges posed by fluctuating raw material prices[37] - The company is committed to sustainable development and green manufacturing practices in its operations[28] - The company is developing advanced intelligent equipment to enhance production efficiency and reduce operational costs[64] - The company is focusing on the research and development of new materials, including regenerated cellulose fibers and bio-based fibers, to meet market demands and reduce environmental impact[64] Research and Development - The company has accumulated 542 authorized patents, including 103 invention patents, by the end of 2024[29] - R&D efforts include optimizing the spinning process to reduce cotton knots and improve yarn quality, which is critical for production efficiency[61] - The total R&D personnel increased to 367, representing a growth of 1.38% from the previous year, with the proportion of R&D personnel in the workforce rising to 9.45%[63] - R&D expenditure amounted to CNY 110,662,772.42, a decrease of 5.63% from the previous year, while the R&D expenditure as a percentage of operating revenue slightly increased to 3.31%[64] Environmental Compliance and Sustainability - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating compliance with relevant environmental policies and standards[159] - The company has submitted applications for a new key management pollutant discharge permit, which is currently under review by the environmental authorities[159] - The company has a valid pollutant discharge permit that was renewed in December 2018, with an expiration date of December 18, 2023[159] - The company has achieved compliance with the copper, nickel, and cobalt industrial pollutant discharge standards[161] - The company has established a comprehensive pollution control strategy to manage solid waste and emissions effectively[161] Corporate Governance - The company has improved its corporate governance structure in compliance with relevant laws and regulations[104] - The company has established an independent financial accounting department and maintains a transparent financial management system[108] - The company has actively communicated with investors and maintained good relationships with stakeholders[106] - The company has no reported penalties from securities regulatory agencies for the current or past three years for its directors and supervisors[125] Employee Management and Training - The company emphasizes the importance of employee training, focusing on skill enhancement and the establishment of benchmark teams to improve quality awareness and skill levels[139] - The company has implemented a performance-based compensation policy, linking employee income to productivity, quality, and efficiency, with a focus on encouraging innovation[138] - The total number of employees at the end of the reporting period is 3,822, with 1,545 in the parent company and 2,277 in major subsidiaries[137] Future Outlook and Strategic Initiatives - The company plans to implement a "big marketing" strategy to shift from "sales" to "marketing," enhancing market competition awareness among all employees[94] - The company plans to distribute a cash dividend of CNY 1 per 10 shares, based on a total of 913,551,459 shares[4] - The company is preparing for upcoming board elections, with several positions set to be filled in May and September 2024[115] - The company is committed to continuous improvement of its internal control system, utilizing information management tools and risk assessment models[150]

Financial Performance Forecast - The estimated net profit attributable to shareholders for 2024 is projected to be between 25,000 and 33,000 million yuan, representing a year-on-year increase of 80.63% to 138.43% compared to 13,840.43 million yuan in the previous year[4]. - The net profit after deducting non-recurring gains and losses is expected to be between 6,000 and 8,500 million yuan, reflecting a growth of 96.27% to 178.05% from 3,057.02 million yuan in the prior year[4]. - Basic earnings per share are forecasted to be between 0.270 and 0.357 yuan per share, up from 0.147 yuan per share in the previous year[4]. Factors Influencing Performance - The significant increase in performance is primarily attributed to the fair value changes and investment income from trading financial assets, totaling approximately 250 million yuan, classified as non-recurring gains[6]. - The company has implemented effective measures to enhance market development and sales order acquisition, leading to a substantial increase in the net profit of its textile business after excluding non-recurring gains[6]. Reporting and Audit Information - The performance forecast has not been audited by registered accountants, and the figures are preliminary estimates from the company's finance department[7]. - Detailed performance data will be disclosed in the company's 2024 annual report[9].

Financial Performance - Revenue for Q3 2024 reached ¥849,399,165.42, an increase of 9.41% year-over-year, while total revenue for the year-to-date period was ¥2,519,903,127.63, up 3.88% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥131,744,905.59, a significant increase of 184.70% year-over-year, with year-to-date net profit at ¥152,082,514.97, up 17.03%[2]. - Basic earnings per share for Q3 2024 was ¥0.144, reflecting a 193.88% increase compared to the same period last year, while diluted earnings per share also stood at ¥0.144[2]. - Total operating revenue for the third quarter reached ¥2,519,903,127.63, an increase of 3.9% compared to ¥2,425,724,868.11 in the same period last year[11]. - The net profit for the third quarter of 2024 reached CNY 151,157,033.03, an increase from CNY 130,015,049.43 in the same period last year, representing a growth of approximately 16.4%[12]. - The total comprehensive income for the period was CNY 150,759,956.08, compared to CNY 138,888,688.28 in the same quarter last year, showing an increase of approximately 8.3%[13]. Cash Flow - The company reported a net cash flow from operating activities of ¥123,510,870.49, a decrease of 61.39% year-over-year, attributed to reduced cash receipts from sales and increased cash payments for raw materials[5]. - The net cash flow from operating activities decreased to CNY 123,510,870.49 from CNY 319,869,833.96, a decline of about 61.4%[15]. - The company experienced a net cash outflow from financing activities of CNY 794,579,739.97, compared to a net outflow of CNY 237,751,892.94 in the previous year, indicating a worsening cash flow situation[15]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥6,924,670,975.52, down 6.43% from the end of the previous year[2]. - The company's total assets were reported at ¥6,924,670,975.52, down from ¥7,400,490,826.64, indicating a decline of 6.4%[11]. - Total liabilities decreased to ¥2,472,270,350.09 from ¥2,928,980,910.14, a reduction of 15.6%[11]. - The company’s total liabilities decreased, with a notable reduction in employee compensation payable by 38.72% year-over-year[4]. - Non-current assets decreased to ¥3,676,832,622.13 from ¥4,406,357,559.92, a decrease of 16.6%[10]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 35,527[6]. - The largest shareholder, Anhui Huamao Group Co., Ltd., holds 46.40% of the shares, totaling 437,860,568 shares[6]. - The total number of shares held by the top 10 shareholders does not include shares lent through margin trading[6]. Investment Activities - Investment activities generated a net cash flow of ¥736,685,650.94, a substantial increase of 1961.61% year-over-year, primarily due to cash recovered from equity disposals[5]. - The company reported a significant increase in investment activity cash inflow, totaling CNY 1,041,003,194.28, compared to CNY 142,324,536.06 in the previous year, marking a substantial growth[15]. Repurchase Plans - The company repurchased a total of 30,113,550 shares, representing 3.197% of the total share capital, with a total transaction amount of RMB 98,691,400.00[8]. - The company plans to repurchase A-shares with a total amount not less than RMB 48 million and not exceeding RMB 96 million in the second repurchase plan[8]. - The maximum repurchase price in the second plan is set at RMB 4.80 per share[8]. - The highest transaction price during the first repurchase was RMB 3.80 per share, while the lowest was RMB 3.27 per share[8]. Operational Costs - Total operating costs amounted to ¥2,446,698,040.56, up from ¥2,380,289,609.14, reflecting a year-over-year increase of 2.8%[11]. - Research and development expenses amounted to CNY 83,209,858.28, slightly down from CNY 85,129,848.01, reflecting a decrease of approximately 2.3%[12]. - The company reported a decrease in sales expenses to CNY 18,224,875.85 from CNY 20,281,797.63, a reduction of about 10.1%[12]. Inventory and Receivables - Accounts receivable increased to ¥383,773,892.50 from ¥359,328,533.36, showing a growth of 6.8%[10]. - Inventory rose to ¥897,302,453.42, compared to ¥833,602,795.62, marking an increase of 7.6%[10]. - Current assets totaled ¥3,247,838,353.39, up from ¥2,994,133,266.72, representing an increase of 8.5%[10]. - Accounts receivable increased to RMB 246,817,970.17 from RMB 201,425,043.19[9]. Other Information - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[2]. - The third quarter report has not been audited[16].

安徽华茂纺织股份有限公司 证券代码：000850 证券简称：华茂股份 公告编号：2024-063 安徽华茂纺织股份有限公司 关于 2024 年第二次回购实施完成暨股份变动公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 安徽华茂纺织股份有限公司（以下简称"公司"）于2024年6月25日召开了第九届 董事会第二次会议，审议通过了《关于2024年第二次回购公司股份方案的议案》，同意 公司以自有资金通过集中竞价交易方式回购公司A股股份，回购资金总额不低于人民币 4,800万元（含）且不超过人民币9,600万元（含），回购价格区间上限不超过4.80元/ 股（含），回购股份的实施期限为自董事会审议通过回购股份方案后3个月内，具体回 购股份数量以回购期限届满时实际回购的股份数量为准。具体内容详见公司于2024年6 月26日在《中国证券报》《证券时报》及巨潮资讯网（www.cninfo.com.cn）披露的《关 于2024年第二次回购公司股份方案的公告》。 截至2024年9月25日，本次回购股份方案已实施完毕。根据《上市公司股份回购规 则》《深圳证券交易所上市公司自律 ...

安徽承义律师事务所 关于安徽华茂纺织股份有限公司 二〇二四年第一次临时股东会的法律意见书 （2024）承义法字第 00257 号 致：安徽华茂纺织股份有限公司 安徽承义律师事务所接受安徽华茂纺织股份有限公司（以下简称 公司）的委托，指派唐民松、李宏成律师（以下简称本律师）出席公 司 2024 年第一次临时股东会（以下简称本次股东会），并根据《中华 人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》 （以下简称《证券法》）、中国证券监督管理委员会《上市公司股东大 会规则》（以下简称《股东会规则》）等有关法律、法规、规范性文件 及《安徽华茂纺织股份有限公司章程》（以下简称《公司章程》）的规 定与要求，就本次股东会出具法律意见书。 本律师根据《股东会规则》第五条的要求，按照律师行业公认的 业务标准、道德规范和勤勉尽责精神，对本次股东会的有关事项进行 了核查，现出具法律意见书如下： 一、本次股东会的召集、召开程序 本次股东会由公司第九届董事会第三次会议决议召开的。 本次股东会的提案，由公司第九届董事会提出。 经本律师核查，本次股东会的召集、召开程序符合《公司法》、 《证券法》、《股东会规则》等有关法律 ...

安徽华茂纺织股份有限公司 2024年第一次临时股东大会决议公告 证券代码：000850 证券简称：华茂股份 公告编号：2024-062 （一）会议召开情况 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 1、本次股东大会无否决议案的情况。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 安徽华茂纺织股份有限公司 2024年第一次临时股东大会决议公告 （1）现场会议召开时间为： 2024 年 9 月 19 日（星期四）下午 14:30。 1、会议召开时间 2、现场会议召开地点：安徽省安庆市纺织南路 80 号公司会议室。 3、召开方式：本次股东大会采取现场投票与网络投票相结合的方式召开。 4、召集人：安徽华茂纺织股份有限公司第九届董事会。公司第九届董事会第三 次会议审议通过了《关于召开 2024 年第一次临时股东大会的议案》。 （2）网络投票时间为：通过深圳证券交易所交易系统投票的时间为 2024 年 9 月 19 日的交易时间，即 9:15—9:25,9:30—11:30 和 13:00—15:00；通过深圳证 券交易所互联网投票 ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥1,670,503,962.21, representing a 1.28% increase compared to ¥1,649,366,419.68 in the same period last year[10]. - Net profit attributable to shareholders decreased by 75.70% to ¥20,337,609.38 from ¥83,678,700.42 year-on-year[10]. - The net profit after deducting non-recurring gains and losses increased by 407.53% to ¥61,955,481.29 compared to ¥12,207,194.28 in the previous year[10]. - The net cash flow from operating activities was ¥36,894,010.34, down 86.80% from ¥279,486,525.87 in the same period last year[10]. - Total assets at the end of the reporting period were ¥6,891,672,234.91, a decrease of 6.88% from ¥7,400,490,826.64 at the end of the previous year[10]. - The net assets attributable to shareholders decreased by 2.54% to ¥4,263,976,076.72 from ¥4,375,007,779.94 at the end of the previous year[10]. - The basic earnings per share dropped by 75.28% to ¥0.022 from ¥0.089 in the same period last year[10]. - The weighted average return on net assets was 0.46%, down 1.42% from 1.88% in the previous year[10]. - The company's operating cost decreased by 1.09% to ¥1,442,018,113.90 from ¥1,457,946,551.53 in the previous year[21]. - The gross profit margin for the textile segment improved to 13.89%, up by 2.58% year-on-year[25]. - The textile segment's revenue accounted for 90.83% of total operating revenue, with a year-on-year increase of 1.97%[24]. - The company reported a significant increase in non-woven fabric production capacity utilization, rising by 25.55% year-on-year to 76.19%[27]. - The company reported a total of ¥150,382.24 in non-operating income, which accounted for 0.72% of total profit[34]. - The company reported a net profit contribution of 1,358.15 thousand CNY from the sale of a 35% stake in Chongqing Contemporary Gravel Industry Development Co., Ltd[44]. - The company reported a net profit of 8,399,345.75 CNY from Anhui Huatai Textile Co., Ltd., contributing over 10% to the company's net profit[45]. - The overall operating income of Anhui Huatai Textile Co., Ltd. was 304,081,544.41 CNY, with a net profit margin of approximately 2.76%[45]. - The company reported a net profit for the first half of 2024 of CNY 19,827,491.82, a significant decline of 76.3% compared to CNY 83,391,635.76 in the first half of 2023[108]. - The company reported a decrease in sales revenue from CNY 2,218,263,549.18 in the first half of 2023 to CNY 2,092,187,324.29 in the first half of 2024, reflecting a decline of 5.7%[111]. Investment and R&D - The company has an annual production capacity of over 80,000 tons of high-end yarn and 100 million meters of high-end grey fabric and textiles[15]. - The company has increased its focus on developing overseas markets for yarn products and enhancing the competitiveness of its "Yinbo" brand grey fabric in the domestic market[16]. - The company aims to enhance product development and optimize product structure to respond quickly to market needs[17]. - The company is investing $10 million in R&D for innovative textile technologies, aiming to enhance product quality and sustainability[153]. - The company’s R&D investment slightly decreased by 3.45% to ¥54,915,658.32 compared to ¥56,875,684.09 in the previous year[23]. - The company is accelerating the construction of a new polylactic acid fiber production project, which is currently in the equipment installation phase[17]. - The company has implemented a strategy of customized production based on orders, ensuring stable production and quality to meet various order requirements[15]. - The company has received an excellent award in the 2024 China International Fabric Design Competition for its innovative fabric designs[15]. Market and Sales Strategy - The company is actively expanding its market presence, particularly in the non-woven fabric sector, contributing to increased sales and reduced inventory levels[31]. - The Americas region saw a revenue increase of 20.07%, despite a decline in other regions[26]. - The company plans to focus on two main tracks: enhancing traditional industries and developing bio-based new materials, particularly polylactic acid fiber[49]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[153]. - New product launches are expected to contribute an additional $50 million in revenue over the next fiscal year[153]. - The company has set a performance guidance of 10% revenue growth for the next quarter, projecting total revenue of $550 million[153]. Environmental and Sustainability Efforts - The company is committed to low-carbon and green development, focusing on the market development of bio-based fibers[16]. - The company has implemented a wastewater treatment system that ensures all wastewater is recycled and does not discharge externally, achieving zero discharge during production processes[60]. - The total pollutant control indicators for the company include copper ≤ 0.0762t/a, zinc ≤ 0.2286t/a, arsenic ≤ 0.0152t/a, cadmium ≤ 0.0015t/a, lead ≤ 0.0152t/a, fluoride ≤ 0.3048t/a, cobalt ≤ 0.1524t/a, and chemical oxygen demand ≤ 6.096t/a[60]. - The company’s air emissions treatment system has achieved an 85% recovery rate of cotton dust, with 15% being discharged through exhaust systems[61]. - The company has established a comprehensive solid waste management system, with cotton waste being partially recycled and the rest sold externally[62]. - The company has invested approximately CNY 300,000 in environmental governance and restoration in the first half of 2024, with a cumulative investment of about CNY 23.1 million for environmental management[64]. - The company paid CNY 51,360 in environmental protection tax during the first half of 2024[64]. Corporate Governance and Compliance - The company has established a comprehensive governance structure, including a board of directors with four specialized committees, ensuring clear responsibilities and mutual checks among power institutions[68]. - The company has actively engaged in investor relations, utilizing various communication methods to ensure good interaction with investors[68]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[65]. - The company has not engaged in any significant litigation or arbitration matters during the reporting period[71]. - The company has no violations or rectification situations during the reporting period[72]. - The controlling shareholder, Anhui Huamao Group Co., Ltd., has committed not to reduce its shareholding in the company for 6 months starting from August 31, 2023, and has strictly fulfilled this commitment[69]. Financial Position and Assets - Total assets at the end of the reporting period amounted to ¥6,905,000,000, with cash and cash equivalents increasing to ¥591,632,286.51, up from ¥396,765,988.45, representing a 3.22% increase in total asset proportion[35]. - The company’s total liabilities decreased from CNY 2,928,980,910.14 to CNY 2,518,124,586.13, a reduction of about 14%[103]. - The company’s cash and cash equivalents at the end of the reporting period are CNY 497,755,779.65[124]. - The company’s total owner's equity at the end of the reporting period is CNY 4,912,047,643.30, with a decrease of CNY 99,691,620.60 compared to the previous year[125]. - The company’s long-term borrowings stood at ¥410,105,000.00, slightly down from ¥426,710,500.00, indicating a 0.18% increase in total asset proportion[35]. - The company’s asset-liability ratio is at a higher level, indicating increased financial pressure[49]. Shareholder and Equity Information - The company has not engaged in any significant contracts or leasing situations during the reporting period[81]. - The total approved guarantee amount for subsidiaries during the reporting period is CNY 95,000,000, with actual guarantees amounting to CNY 22,080,000[85]. - The company has provided general guarantees to several subsidiaries, including Anhui Huatai Textile Co., Ltd. with a guarantee amount of CNY 5,000,000[84]. - The company has not provided any guarantees for related parties[84]. - The company has not reported any significant overdue financial management or other potential impairment situations[87]. - The company has a total of 943,665,009.00 in share capital at the end of the current period[120]. - The company’s retained earnings decreased by ¥92,885,145.90 during the current period, indicating a significant reduction in profit distribution[116]. Accounting and Financial Reporting - The company's financial statements comply with accounting standards, accurately reflecting its financial position and operating results[131]. - The company measures expected credit losses based on the weighted average of credit losses for financial instruments, considering the risk of default[156]. - The company conducts impairment testing for receivables and contract assets that show objective evidence of impairment, confirming expected credit losses and provisioning accordingly[157]. - The company recognizes interest income based on the carrying amount and effective interest rate for financial instruments in different stages of credit risk[157]. - The company applies a similar grouping approach for other receivables, considering historical loss experience and future economic forecasts[157]. - The company utilizes a perpetual inventory system, conducting at least one inventory count annually, with any discrepancies recorded in the current year's profit and loss[173]. - The company recognizes inventory impairment when the cost exceeds the net realizable value, with the impairment amount recorded in the current year's profit and loss[173]. - The company regularly reviews and adjusts the carrying amounts of its investments based on fair value assessments and market conditions[181].

提名人安徽华茂纺织股份有限公司董事会现就提名孙淮滨为安徽华茂纺织 股份有限公司第九届董事会独立董事候选人发表公开声明。被提名人已书面同意 作为安徽华茂纺织股份有限公司第九届董事会独立董事候选人（参见该独立董事 候选人声明）。本次提名是在充分了解被提名人职业、学历、职称、详细的工作 经历、全部兼职、有无重大失信等不良记录等情况后作出的，本提名人认为被提 名人符合相关法律、行政法规、部门规章、规范性文件和深圳证券交易所业务规 则对独立董事候选人任职资格及独立性的要求，具体声明并承诺如下事项： 一、被提名人已经通过安徽华茂纺织股份有限公司第九届董事会提名委员会 会议资格审查，提名人与被提名人不存在利害关系或者其他可能影响独立履职情 形的密切关系。 ☑ 是 □ 否 如否，请详细说明：______________________________ 二、被提名人不存在《中华人民共和国公司法》第一百四十六条等规定不得 担任公司董事的情形。 ☑ 是 □ 否 安徽华茂纺织股份有限公司 独立董事提名人声明与承诺 证券简称：华茂股份 证券代码：000850 公告编号：2024-059 安徽华茂纺织股份有限公司 独立董事提名人声明与承 ...

安徽华茂纺织股份有限公司 2024 年半年度非经营性资金占用及其他关联资金往来情况汇总表 2024 年 8 月 31 日 | 公司及其附属 企业 | 安庆华欣产业用布有限公司 | 全资子公司 | 其他应收款 | 2,613.30 | 6,801.49 | 5,500.00 | 3,914.79 往来款 | 非经营性往来 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 安庆元鸿矿业投资有限公司 | 控股子公司 | 其他应收款 | 596.94 | 153.06 | | 750.00往来款 | 非经营性往来 | | | 安庆新坤贸易有限公司 | 控股子公司 | 其他应收款 | 453.82 | 1,923.19 | | 2,377.01往来款 | 非经营性往来 | | | 安徽新元生物科技有限公司 | 控股子公司 | 其他应收款 | | 3,885 .59 | 3,885.00 | 往来款 0.59 | 非经营性往来 | | 小计 | | | | 103,572.38 | 25,377.67 | 34,373.00 | 94,577.06 ...

2、股东大会的召集人：公司董事会，本次股东大会的召开已经公司第九届 董事会第三次会议审议通过。 安徽华茂纺织股份有限公司 关于召开 2024 年第一次临时股东大会的通知 证券代码：000850 证券简称：华茂股份 公告编号：2024-060 安徽华茂纺织股份有限公司 关于召开2024年第一次临时股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 一、召开会议的基本情况 1、股东大会届次：安徽华茂纺织股份有限公司（以下简称"公司"）2024 年第一次临时股东大会。 3、会议召开的合法、合规性：本次股东大会召集、召开符合有关法律法规、 深圳证券交易所业务规则和《公司章程》等的规定。 4、会议召开日期、时间： （1）现场会议召开时间为：2024 年 9 月 19 日（星期四）14:30。 （2）网络投票时间为： 通过深交所交易系统投票的时间为 2024 年 9 月 19 日的交易时间，即 9:15 —9:25,9:30—11:30 和 13:00—15:00；通过深交所互联网投票系统投票的开始 时间为 2024 年 9 月 19 日 9:15，结束时间 ...