Core Insights - The textile manufacturing sector experienced a rise of 2.73% on October 31, with 聚杰微纤 leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Sector Performance - The textile manufacturing sector saw significant individual stock movements, with 景杰做纤 closing at 27.51, up 10.39% on a trading volume of 137,200 shares and a transaction value of 371 million [1] - Other notable performers included 欣龙控股, which rose 9.93% to 6.20, and 健盛集团, which increased by 6.42% to 12.10 [1] Capital Flow - The textile manufacturing sector had a net inflow of 37.70 million from institutional investors, while retail investors contributed a net inflow of 41.21 million [2] - Conversely, speculative funds saw a net outflow of 78.91 million [2] Individual Stock Capital Flow - 欣龙控股 had a net inflow of 61.85 million from institutional investors, while it experienced a net outflow of 28.75 million from speculative funds [3] - 百隆东方 saw a net inflow of 19.59 million from institutional investors but a net outflow of 31.31 million from retail investors [3]

Group 1 - Xunlong Holdings (000955.SZ) released its Q3 2025 report on October 28, 2025, indicating that as of October 27, 2025, nine institutional investors disclosed holding a total of 162 million shares, accounting for 30.11% of the total share capital [1] - The institutional investors include notable firms such as Jiaxing Tiantang Silicon Valley Equity Investment Co., Hainan Zhuhua Science and Technology Trade Co., and China Construction Bank Co., among others [1] - Compared to the previous quarter, the total institutional holding percentage increased by 3.23 percentage points [1] Group 2 - In the public fund sector, one public fund, Nuon An Multi-Strategy Mixed A, increased its holdings by 0.24% compared to the previous period [2] - One new public fund, Hai Fu Tong Zhong Zheng 2000 Enhanced Strategy ETF, was disclosed this quarter [2] - Eighteen public funds were not disclosed this quarter, including notable funds such as Guojin Quantitative Multi-Factor A and Western Li De Quantitative Preferred One-Year Holding Period Mixed A [2]

Core Points - The company ensures the authenticity, accuracy, and completeness of the quarterly report, with all board members bearing legal responsibility for any misrepresentation or omissions [2][8]. Financial Data - The company does not require retrospective adjustments or restatements of previous accounting data [4]. - There are no non-recurring profit and loss items applicable for this quarter [4]. - The financial report for the third quarter has not been audited [3][7]. Shareholder Information - The total number of ordinary shareholders and the situation of the top ten shareholders are documented, with no changes reported in the lending of shares for margin trading [6]. Board Meeting - The ninth board meeting was held on October 27, 2025, where the third-quarter report was approved unanimously by all seven participants [8][9]. - The board also approved the "Information Disclosure Postponement and Exemption Management System" [10][11].

证券代码：000955 证券简称：欣龙控股 公告编号：2025-041 欣龙控股（集团）股份有限公司 第九届董事会第四次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、 误导性陈述或者重大遗漏。 具体内容详见公司同日披露的《信息披露暂缓、豁免管理制度》。 表决结果：7 票同意，0 票弃权，0 票反对，本议案通过。 特此公告 欣龙控股（集团）股份有限公司 董 事 会 2025 年 10 月 27 日 欣龙控股（集团）股份有限公司（以下简称"公司"）第九届董 事会第四次会议于 2025 年 10 月 24 日分别以专人送达、电子邮件、 电话通知方式发出会议通知，于 2025 年 10 月 27 日在海南省海口市 美兰区国兴大道 3 号互联网金融大厦 B 座 23 层四号会议室以现场结 合视频的方式召开。本次会议应参加人数为 7 人，实际参加人数为 7 人。其中：现场出席 1 人，6 人以视频方式参加会议。会议由于春山 先生主持会议。会议符合《公司法》及《公司章程》的规定。会议审 议并通过了以下决议： 一、审议通过了《2025 年第三季度报告》 具体内容详见公司同日披露的《2025 ...

Financial Performance - Q3 2025 revenue was CNY 111,295,164.59, a decrease of 21.53% year-over-year, while year-to-date revenue reached CNY 333,259,938.56, down 15.27% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 1,073,555.08, an increase of 171.86% year-over-year, with year-to-date net profit at CNY 230,262.84, up 101.66%[4] - The company reported a basic earnings per share of CNY 0.0020, reflecting a 171.43% increase year-over-year, and a diluted earnings per share of CNY 0.0020, also up 171.43%[4] - Total operating revenue for the current period was CNY 333,259,938.56, a decrease of 15.3% from CNY 393,341,196.37 in the previous period[18] - Net profit for the current period was CNY -1,328,268.86, compared to CNY -15,402,747.16 in the previous period, showing a significant improvement[18] - The company reported a basic and diluted earnings per share of CNY 0.0004, compared to CNY -0.0258 in the previous period[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 857,957,603.93, a slight increase of 0.78% from the end of the previous year[4] - Total assets increased to CNY 857,957,603.93 from CNY 851,310,724.86, reflecting a growth of 0.8%[16] - Total liabilities rose to CNY 152,913,767.11, up from CNY 131,438,619.18, indicating an increase of 16.4%[16] - Non-current assets totaled CNY 405,654,862.84, a decrease from CNY 425,880,535.29[16] - The company’s total equity attributable to shareholders was CNY 648,321,810.61, slightly up from CNY 648,091,547.77[16] Cash Flow - The cash flow from operating activities showed a net outflow of CNY -23,872,577.47, a significant decline of 949.87% compared to the previous year[4] - Cash inflow from operating activities totaled CNY 480,530,806.60, down from CNY 527,135,878.90 in the previous period[20] - The net cash flow from operating activities was -$23.87 million, a decrease from $2.81 million in the previous period, indicating a decline in operational performance[21] - Total cash outflow from operating activities was $504.40 million, slightly down from $524.33 million, suggesting stable operational cash management[21] Investments - Investment income increased by 182.02% to CNY 2,261,711.11, attributed to the recovery of historical investments and profits from joint ventures[9] - The net cash flow from investment activities was -$120.25 million, worsening from -$43.09 million, reflecting higher investment expenditures[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 34,044[11] - The largest shareholder, Jiaxing Silicon Valley Equity Investment Co., Ltd., holds 10.24% of shares, totaling 55,144,810 shares[11] - Hainan Zhuhua Science and Trade Co., Ltd. holds 8.45% of shares, with 45,508,591 shares, of which 45,450,000 are pledged and 15,788,591 are frozen[11] Operational Strategy - The company plans to focus on market expansion and new product development in the upcoming quarters[1]

公司和其他信息披露义务人拟披露的信息涉及商业秘密或者保密 商务信息（以下统称商业秘密），符合下列情形之一，且尚未公开或者泄露的， 可以暂缓或者豁免披露： 为规范欣龙控股（集团）股份有限公司（以下简称"公司"）信 息披露暂缓与豁免行为，保障公司依法合规履行信息披露义务，维护公司和投 资者的合法权益，根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司信息披露暂缓与豁免管理规定》《深圳证券交易所股票上市规则》 （以下简称"《股票上市规则》"）、《深圳证券交易所上市公司自律监管指 引第 2 号——信息披露事务管理》等有关法律、法规和《欣龙控股（集团）股 份有限公司章程》（以下简称"《公司章程》"）等有关规定制定本制度。 公司按照《股票上市规则》及深圳证券交易所其他相关业务规则 的规定，暂缓、豁免披露临时报告，在定期报告、临时报告中豁免披露中国证 券监督管理委员会（以下简称"中国证监会"）和深圳证券交易所规定或者要 求披露的内容，适用本制度。 公司和其他信息披露义务人应当真实、准确、完整、及时、公平 地披露信息，不得滥用暂缓或者豁免披露规避信息披露义务、误导投资者，不 得实施内幕交易、操纵市场等违法行为。 ...

Market Overview - The textile manufacturing sector increased by 0.84% compared to the previous trading day, with Fu Chun Dyeing and Weaving leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Stock Performance - Notable gainers in the textile manufacturing sector included: - Li Shi Sen Xin (605189) with a closing price of 19.11, up 7.48% with a trading volume of 98,700 shares and a turnover of 184 million yuan [1] - Gu Qi Rong Cai (001390) closed at 27.30, up 2.52% with a trading volume of 79,600 shares and a turnover of 218 million yuan [1] - Yun Zhong Ma (603130) closed at 40.88, up 1.92% with a trading volume of 28,800 shares and a turnover of 118 million yuan [1] Fund Flow Analysis - The textile manufacturing sector experienced a net outflow of 69.19 million yuan from institutional funds, while retail investors saw a net inflow of 85.24 million yuan [2] - The top stocks by net inflow from retail investors included: - Li Shi Sen Xin (605189) with a net inflow of 14.86 million yuan [3] - Bai Long Dong Fang (662109) with a net inflow of 10.31 million yuan [3] - Xin Long Holdings (000955) with a net inflow of 6.24 million yuan [3]

Overview - The non-woven fabric industry in China is experiencing a recovery, with production expected to reach 8.56 million tons in 2024, a year-on-year increase of 5.1%, marking the largest growth since 2020 [9][25] - The industry is seeing a shift towards high-end and sustainable materials, with the penetration rates of viscose, cotton, and blended materials increasing significantly [30][32] - The industry’s prosperity index has improved from 57.3 at the end of 2022 to 68.4 in the first eleven months of 2024, indicating a positive trend in revenue and profit growth for major companies [9][34] Product Segmentation - The main production processes for non-woven fabrics in 2024 are spunbond (45.3%), needle-punched (21.6%), and spunlace (19.4%), which together account for 86% of the market [26][28] - Spunlace non-woven fabrics are expected to grow by 8.1% year-on-year in 2024, primarily used for wet wipes and toilet paper, while thermal bonded non-woven fabrics are projected to grow by 7.9% [9][28] Market Dynamics - The domestic market is the core consumption area, with a projected increase in domestic sales of non-woven fabrics by 3% in 2024, surpassing 7.14 million tons [52] - Exports are expected to outperform domestic sales, driven by the recovery of the disposable cleaning products market and increasing demand from Southeast Asia [52] Competitive Landscape - The industry is characterized by low concentration, with over 85% of companies being small to medium-sized enterprises, while major players like Nobon, Yanjing, and Jinchun hold less than 1% market share each [10][41] - The competition is intensifying, particularly in the high-end product segments, as consumer demand shifts towards higher quality and sustainable options [41][44] Policy and Brand Strategies - Recent policies in the UK and EU are pushing for a transition to plastic-free products, which may benefit companies capable of producing compliant materials [12] - Major brands are adopting procurement strategies that favor suppliers with strong capabilities in non-plastic materials, enhancing China's competitive edge in the Asia-Pacific and emerging markets [12][51]

Core Insights - The textile manufacturing sector experienced a rise of 0.93% on October 20, with Furui Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Textile Manufacturing Sector Performance - The top-performing stocks in the textile manufacturing sector included: - Chui Mu Co., Ltd. (002083) with a closing price of 6.16, up 10.00% and a trading volume of 481,000 shares, totaling a transaction value of 296 million [1] - Xinlong Holdings (000955) closed at 5.81, up 5.06% with a transaction value of 230 million [1] - Gu Mo Rong Material (001390) closed at 26.79, up 3.92% with a transaction value of 348 million [1] - The sector saw a net inflow of 74.52 million in main funds, while retail investors experienced a net outflow of 12.20 million [2][3] Fund Flow Analysis - Main funds showed significant net inflow in: - Chui Mu Co., Ltd. with 72.05 million, accounting for 24.32% of the total [3] - Gu Mo Rong Material with 42.92 million, representing 12.32% [3] - Retail investors showed a net outflow in several stocks, including: - Hangmin Co., Ltd. with a net outflow of 22.23 million, representing 19.70% [3] - Yinfeng Co., Ltd. with a net outflow of 3.21 million, accounting for 1.80% [3]

Core Viewpoint - The A-share market experienced a significant rebound, particularly in technology stocks, with the Shanghai Composite Index rising by 0.69%, the Shenzhen Component Index by 1.38%, and the ChiNext Index by 2.49% [2]. Market Performance - The total trading volume in the Shanghai and Shenzhen markets reached 1.16 trillion yuan, a decrease of 16.5 billion yuan compared to the previous trading day, with over 4,200 stocks showing gains [4]. - The A-share market's total market capitalization surpassed 24.5 trillion yuan [4]. Sector Highlights - Technology stocks, particularly in CPO, computing power, and 6G concepts, saw significant gains, with companies like Cambrian Technology reporting a revenue increase of 2386.38% year-on-year [4][6]. - Solid-state battery concepts gained traction, with companies like Hekang New Energy and Zhuhai Guanyu rising over 10% following announcements of technological breakthroughs in solid-state battery production [6][8]. - Precious metals experienced a notable decline, with the precious metals sector down by 6.09% [3]. Notable Stocks - Agricultural Bank of China saw its stock price rise over 1%, continuing a streak of 12 consecutive days of gains [4]. - Companies in the CPO sector, such as Huijie Ecology and Cambridge Technology, reached their daily limit up [8]. - The stock of Cambrian Technology expanded its gains to over 5%, trading at 1318.97 yuan [4].