委员签名： 张永炬： 张 莉： 章卡鹏： 浙江伟星实业发展股份有限公司 董事会薪酬与考核委员会关于第五期股权激励计划 第四个限售期可解除限售的核查意见 作为浙江伟星实业发展股份有限公司（以下简称"公司"）董事会薪酬与 考核委员会的成员，根据《公司第五期股权激励计划》《公司第五期股权激励 计划实施考核管理办法》等规定，我们对公司第五期股权激励计划限制性股票 第四个限售期解除限售条件成就情况进行了核查，发表意见如下： 经核查，公司2024年度业绩考核达标，157名激励对象的绩效考核结果均为 "合格"及以上，第五期股权激励计划第四个限售期解除限售条件全部成就； 我们同意公司为157名激励对象办理第五期股权激励计划第四个限售期合计 845.91万股限制性股票的解除限售相关事宜。 浙江伟星实业发展股份有限公司 董事会薪酬与考核委员会 2025 年 12 月 22 日 ...

证券代码：002003 证券简称：伟星股份 公告编号：2025-059 浙江伟星实业发展股份有限公司 第九届董事会第八次（临时）会议决议公告 浙江伟星实业发展股份有限公司（以下简称"公司"）及董事会全体成员保证信息披 露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 公司第九届董事会第八次（临时）会议于 2025 年 12 月 22 日以专人或电子邮件送达等 方式发出通知，并于 2025 年 12 月 25 日以通讯表决方式召开。会议应出席董事九名，实际 出席董事九名。会议在保证所有董事充分表达意见的前提下，以专人或传真送达等方式审 议表决。本次会议的召集、召开和表决程序符合有关法律法规和《公司章程》的规定。 二、董事会会议审议情况 经全体董事认真审阅并在议案表决书上签字表决，会议审议通过了如下议案： 1、会议以 9 票同意、0 票反对、0 票弃权的表决结果审议通过了《关于变更注册资本 并修改公司章程相关条款的议案》。 3、浙江天册律师事务所出具的法律意见书； 4、上海荣正企业咨询服务（集团）股份有限公司出具的独立财务顾问报告。 特此公告。 因公司已于2025年11月、2 ...

今日具体限售解禁股情况如下： | 股票简称 | 股票代码 | 限售股类型 | 解禁股数 | | --- | --- | --- | --- | | 海航控股 | 600221 | 增发A股法人配售上市 | 99.73亿 | | 龙建股份 | 600853 | 股权激励限售流通 | 296.28万 | | 伟星股份 | 002003 | 股权激励限售流通 | 858万 | | 中国铝业 | 601600 | 股权激励限售流通 | 790.43万 | | 诺普信 | 002215 | 股权激励限售流通 | 137.5万 | | 微导纳米 | 688147 | | 3.6亿 | | 迪哲医药 | 688192 | | 297.72万 | | 杰华特 | 688141 | | 1.83亿 | 智通财经APP获悉，12月23日共有8家上市公司的限售股解禁，解禁总市值约299.36亿元。 ...

Group 1: Fast Response Capability - The current proportion of fast response orders is increasing due to rising consumer demand for personalized clothing and brand clients' need to reduce inventory risks [2] - The company enhances its fast response capability through intelligent and flexible manufacturing systems to ensure production efficiency [2] Group 2: Overseas Industrial Parks - The company's overseas factories in Bangladesh and Vietnam are developing positively, with the Bangladesh park operating steadily and the Vietnam park showing rapid growth in orders and revenue since its launch last year [2] - Future plans include technological upgrades and global production layout to enhance global manufacturing capabilities [2] Group 3: Product Characteristics - The company specializes in non-standardized products such as buttons, zippers, and other accessories, which are widely used in mid to high-end apparel [3] - The product range is rich in fashion design and functional innovation [3] Group 4: Market Share and Client Distribution - The market share of the company's zipper products remains relatively small due to the lack of comprehensive industry statistics [3] - The company's share among different brand clients varies, with generally low proportions across most clients [3] Group 5: Industry Outlook - The company has seen an improvement in orders due to winter clothing replenishment but remains cautious about the industry's recovery due to the current international trade environment and consumer sentiment [3] - In the long term, the company aims to become a global, innovative fashion accessory leader and a strategic partner for renowned apparel brands within five to ten years [3] Group 6: Overseas Marketing Strategy - The company focuses on the European and American markets and Southeast Asia for garment processing, establishing an international marketing and service system that covers over 50 countries and regions [3] Group 7: Compensation and Incentive Mechanisms - The company has a comprehensive performance evaluation and compensation management system, with salaries based on job responsibilities and performance [3] - It implements a differentiated reward distribution policy to motivate employee engagement and creativity [3]

Group 1 - The textile and apparel industry is experiencing a mixed performance, with retail sales showing low single-digit growth and exports declining year-on-year, particularly in the first half of 2025 [4][10][14] - From January to November 2025, China's textile and apparel exports totaled $305.5 billion, reflecting a year-on-year decrease of 3.3%, with a notable decline in footwear exports [14][17] - The textile and apparel index has increased by 15.1% from January to November 2025, underperforming compared to the Shanghai Composite Index by 0.9 percentage points [23] Group 2 - The manufacturing sector is focusing on the recovery of Nike, with expectations of increased order visibility and potential valuation recovery for manufacturers closely tied to leading brands [30][42] - Global apparel retail performance is varied, with the US and UK showing moderate growth while Japan continues to face challenges, impacting overall demand [32][34] - The long-term trend indicates a shift in manufacturing capacity from China to Southeast Asia, driven by international trade dynamics and labor costs [44][46] Group 3 - The outdoor sports market is expected to grow significantly, with a compound annual growth rate of approximately 13.8% from 2019 to 2024, driven by increasing participation in events like marathons [4][6] - Domestic sports brands are showing resilience, with brands like Anta and Li Ning benefiting from structural demand changes and expanding their market presence [7][30] - The demand for high-quality personal care products is on the rise, with opportunities for companies like Sturdy Medical and Nobon to capture market share [7][30]

关于第六期股权激励计划暂缓授予部分限制性股票 证券代码：002003 证券简称：伟星股份 公告编号：2025-058 浙江伟星实业发展股份有限公司 授予登记完成的公告 浙江伟星实业发展股份有限公司（以下简称"公司"）及董事会全体成员保证信息披 露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、本次授予的限制性股票数量为58万股，占授予前公司股本总额的0.05%； 2、本次授予的激励对象人员合计2人，授予价格（调整后）为5.12元/股； 3、本次授予的限制性股票上市日：2025年12月19日； 4、本次限制性股票授予登记完成后，公司股权分布仍具备上市条件，也不会导致公司 控股权发生变化。 根据中国证券监督管理委员会《上市公司股权激励管理办法》、深圳证券交易所及中 国证券登记结算有限责任公司深圳分公司有关业务规则的规定，公司已完成第六期股权激 励计划（以下简称"本激励计划"）暂缓授予部分限制性股票的授予登记工作。具体情况 公告如下： 一、本激励计划已履行的相关审批程序 1、2025 年 9 月 26 日，公司第九届董事会第四次（临时）会议审议通过了《公司第六 期股权激励计划（草案）》 ...

Core Insights - The textile and apparel industry is experiencing a mixed performance, with a recommendation to focus on leading companies benefiting from positive trends in orders and raw material prices [5][12] - The report highlights potential investment opportunities in companies like New Australia Co., Nike's upstream supply chain, and various leading brands expected to recover in performance next year [5][12] - The light industry sector shows resilience, with recommendations for companies in home textiles and new consumer businesses that are expected to grow significantly [5][12] Textile and Apparel Industry Market Review - The Shanghai Composite Index fell by 0.34%, while the ChiNext Index rose by 2.74% during the period from December 8 to December 12, 2025. The textile and apparel sector (SW) declined by 2.81%, ranking 25th among 31 primary industries [12][13] - The report indicates that the textile and apparel industry's latest PE (TTM) is 20.01X, with historical highs and lows of 57.80X and 14.44X respectively [16][17] Textile and Apparel Export Data Tracking - In November 2025, China's textile exports increased by 1.02% year-on-year, while apparel exports decreased by 10.98% [5] - Vietnam's textile exports in November 2025 amounted to $2.97 billion, down 2.72% year-on-year, with a total export of $35.9 billion for the first 11 months, reflecting a 6.7% increase [5] Light Industry Manufacturing Market Review - The light industry sector's performance remains relatively stable, with external factors like U.S. real estate transactions expected to improve conditions for leading companies [5] - Recommendations include focusing on companies like Jiangxin Home, Yuanfei Pet, and Yiyi Co., which are expected to benefit from the ongoing recovery in the export market [5] Key Company Valuation and Financial Analysis - The report provides detailed financial metrics for key companies, including EPS, PE ratios, and ROE, indicating a generally favorable outlook for companies like Mercury Home Textiles and Anta Sports [6][25] - Notable companies with strong buy ratings include Mercury Home Textiles (closing price: CNY 20.18, target price: CNY 23.08) and Anta Sports (closing price: HKD 81.80, target price: HKD 105.00) [6][25]

Market Overview - The textile and apparel sector in A-shares has underperformed the broader market since December, with textile manufacturing showing better performance than branded apparel, declining by -3.3% and -4.4% respectively [1][13] - The Hong Kong textile and apparel index rose by 2.9% in November but has since turned negative in December [1] Brand Apparel Insights - Retail sales of clothing in October grew by 6.3% year-on-year, with a stable growth rate compared to the previous month, increasing by 1.6 percentage points [2] - E-commerce performance varied significantly between categories from October to November, with outdoor leisure leading, while home textiles and personal care faced declines. Year-on-year growth rates for various categories were: outdoor (+20%), sportswear (0%), leisurewear (+8%), home textiles (-9%), and personal care (-2%) [2] - Notable brands with strong growth included Descente (74%), Lululemon (69%), and Asics (8%) in sportswear; and brands like Atour Planet (43%) and Luolai Home Textile (26%) in home textiles [2] Textile Manufacturing Insights - In November, Vietnam's textile and footwear exports faced a high base effect from the previous year, resulting in a decline of -2.6% and -3.8% respectively. China's textile exports showed a slight recovery at +1.0%, while apparel and footwear exports fell by -10.9% and -17.2% respectively [3] - The macroeconomic environment remains challenging, with fluctuations in cotton prices and a slight increase in wool prices by +4.8% month-on-month and +32.0% year-on-year in November [3] - Taiwanese manufacturers reported improved revenue in November, driven by World Cup-related orders and a return to normalcy in brand ordering rhythms [3] Investment Recommendations - The report suggests focusing on the recovery of consumer spending and the rebound in textile manufacturing. It highlights the potential for high-end consumer recovery and the strong outlook for the light luxury outdoor segment [5][6] - Key brands recommended for investment include Anta Sports, Li Ning, and Xtep International, which are expected to benefit from the ongoing trends in high-end consumption and outdoor sports [6] - In textile manufacturing, companies like Shenzhou International and Huayi Group are highlighted as beneficiaries of tariff reductions and Nike's recovery, while New Australia and Weixing Holdings are noted for their potential gains from rising wool prices and improved order visibility [7]

Core Insights - The report is optimistic about the recovery of upstream orders and emphasizes the importance of brands that can adapt and innovate in response to consumer needs [2][19]. Brand Apparel - The domestic brand apparel industry has entered a phase of stock competition, with limited growth opportunities. The performance of leading brands is increasingly reliant on their ability to attract consumers rather than on channel expansion [2][19]. - Three key areas for growth are identified: new home textiles, functional apparel, and strongly differentiated brands. Notable recommendations include: - New Home Textiles: Driven by the sleep economy and self-care consumption, brands like Mercury Home Textiles and Luolai Life are expected to perform well [2]. - Functional Apparel: Brands such as Anta Sports, Li Ning, and Bosideng are positioned to benefit from the growing health and outdoor lifestyle trends [2]. - Strongly Differentiated Brands: Companies like Cotton Era, focusing on 100% cotton products, are experiencing rapid growth [2]. - High dividend stocks recommended include Hailan Home, Luolai Life, and Semir Apparel [2]. Textile Manufacturing - The report notes a decrease in uncertainty regarding tariff policies, stabilization in European and American retail, and low inventory levels among international brands, suggesting a potential recovery in upstream orders [2][19]. - Recommendations for textile manufacturing companies include Shenzhou International, Weixing Co., and Huali Group, with a focus on high dividend stocks like Yuyuan Group and Jingyuan International [2]. Market Performance Review - The textile and apparel sector has seen a slight underperformance compared to the broader market, with a year-to-date increase of 12.45% as of December 9, 2025, compared to a 16.84% increase in the CSI 300 index [7][10]. - The apparel and home textile segments have shown similar performance, while the accessories segment has outperformed, with a 17.1% increase [13][14]. Consumer Environment - The domestic consumption environment remains weak, with apparel retail performance lagging behind overall retail growth. For instance, the cumulative year-on-year growth for apparel retail was only 2.9% from January to October 2025 [27][23]. - The consumer confidence index has shown a slight recovery but remains at historical low levels, indicating ongoing challenges in consumer spending [25][27]. Company Performance - The report highlights that many key apparel companies have experienced revenue declines, while a few have maintained growth. For example, companies like Anta, Li Ning, and Bosideng have shown consistent revenue expansion [30][32]. - The profitability of the brand apparel sector has been under pressure, with net profits not keeping pace with revenue growth in many cases [28][32].

Group 1: Recent Business Performance - The company has seen an improvement in order intake due to winter clothing replenishment, although overall industry sentiment remains cautious [2] - Sports and outdoor brands are performing better among the company's clients, with winter clothing brands also showing positive results [2] - The company maintains a prudent outlook on industry recovery in the short term, focusing on its core business of apparel accessories and aiming to enhance brand influence and product competitiveness in the long term [2] Group 2: Profitability and Margins - The company's gross margin is influenced by various factors including raw materials, product structure, and production-sales scale, with a commitment to sustainable profit levels rather than solely pursuing high margins [2][3] - Other apparel accessories, such as webbing, currently have lower gross margins due to being in the cultivation stage and not fully realizing economies of scale [3] Group 3: International Operations - The Vietnam industrial park has shown significant improvement in operations this year, although ramping up capacity and increasing orders will take time [4] - Major clients in Vietnam include apparel brands and designated processing factories, covering sectors like sports, outdoor, and fast fashion [4] Group 4: Customer Base and Growth Strategy - Historical data indicates that new brand clients require years of effort to establish deep cooperation, with annual growth primarily coming from existing client share increases [5] - The company is pursuing both existing client share enhancement and new brand client development as part of its international strategy for stable long-term growth [5] Group 5: Competitive Landscape - Major competitors include YKK and other suppliers serving mid-to-high-end apparel brands, with YKK's strengths in brand recognition and manufacturing capabilities [6] - The company differentiates itself through a "product + service" approach, emphasizing quality products and comprehensive service, alongside strong capabilities in product diversity, fashion, and innovation [6] Group 6: Sales and Capital Expenditure - The company's sales model is direct, primarily through subsidiaries selling to global apparel brands and their designated processing factories [7] - Future capital expenditures will focus on smart manufacturing improvements and overseas capacity expansion, with a commitment to sustainable development and shareholder returns in profit distribution [7]