Core Viewpoint - The company, Nanji E-commerce Co., Ltd., aims to enhance its asset management capabilities and expand its industrial layout by becoming a limited partner in a new investment fund, contributing up to 50 million yuan [2] Group 1 - The company plans to invest in the Ningbo Heiyi No. 4 Equity Investment Partnership, with a target size of 500 million yuan [2] - The company's expected contribution will not exceed 10% of the total fund size [2] - The partnership is formed with Xiamen Yidaihong Enterprise Management Partnership and other limited partners [2]

Core Viewpoint - The company, Nanji E-commerce (002127.SZ), is currently not involved in AI-assisted sales but is committed to continuously monitoring the development and application of AI technology to better integrate it with existing business operations [1] Group 1 - The company has stated that it does not engage in AI-assisted sales at this time [1] - The company will continue to pay attention to the advancements in AI technology [1] - The company is focused on thinking and learning about how to better apply new technologies to its current business [1]

Core Viewpoint - The company has approved the use of idle funds for purchasing financial products, indicating a strategy to enhance liquidity and ensure capital safety [2] Group 1: Financial Strategy - The company authorized the chairman to approve the use of up to 250,000 million RMB of idle self-owned funds for purchasing financial products [2] - The investment types are limited to high safety, good liquidity, capital-protected, or low-risk financial products or fixed-income securities, excluding stocks, mutual funds, and unsecured bonds [2] - The investment period for these financial products will not exceed 12 months, allowing for rolling use within the authorized limit [2] Group 2: Current Financial Position - As of November 30, 2025, the company and its subsidiaries have a total unused balance of 86,130.39 million RMB from the idle self-owned funds allocated for financial products [2] - This unused balance is within the authorized limit set by the board for purchasing financial products [2]

Group 1 - The core viewpoint of the article is that Nanji E-commerce (002127.SZ) plans to enhance its asset management capabilities and expand its industry layout by becoming a limited partner in a new investment partnership [1] - The company intends to invest up to 50 million yuan of its own funds to subscribe for shares in the Ningbo Black Ant No. 4 Equity Investment Partnership, which is being established in collaboration with Xiamen Yidaihong Enterprise Management Partnership and other limited partners [1] - The target scale of the Ningbo Black Ant No. 4 Equity Investment Partnership is set at 500 million yuan, with the company's expected contribution ratio not exceeding 10% [1]

证券代码：002127 证券简称：南极电商 公告编号：2025-056 南极电商股份有限公司 关于与专业投资机构共同投资的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、本次对外投资基本情况 南极电商股份有限公司（以下简称"本公司"、"上市公司"）为充分借助专业投资机构的资 源优势及专业力量，进一步提升公司资产运营管理能力，拓宽公司产业布局，拟作为有限合伙人（LP） 之一，与普通合伙人厦门逸代鸿企业管理合伙企业（有限合伙）以及其他有限合伙人共同设立宁波 黑蚁四号股权投资合伙企业（有限合伙）（暂定），并计划以自有资金不超过 5,000 万元认购宁波 黑蚁四号股权投资合伙企业（有限合伙）份额。宁波黑蚁四号股权投资合伙企业（有限合伙）目标 规模为 5 亿元人民币，本公司出资比例预计为不超过 10%。 本次交易不构成关联交易，亦不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第 7 号——交易与 关联交易》及《公司章程》等规定，本次对外投资总额为 5,000 万元，未达本公司净 ...

Core Viewpoint - The company, Nanji E-commerce, disclosed that as of September 30, 2025, it has a total of 97,947 shareholders, complying with regulatory requirements for information disclosure [1] Group 1 - The company has fulfilled its obligation for information disclosure as mandated by regulatory authorities [1] - The shareholder count reflects the company's commitment to transparency and public reporting [1]

证券代码：002127 证券简称：南极电商 公告编号：2025-058 南极电商股份有限公司 关于公司实际控制人部分股权解除质押及再质押的公告 1、本次股份质押基本情况 注：本次质押股份不存在负担重大资产重组等业绩补偿义务。 2、本次股份解除质押基本情况 | 股东 | 是否为控股股东 或第一大股东及 | 本次解除质押 | 占其所持 | 占公司总 | 起始日 | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 其一致行动人 | 股份数量（股） | 股份比例 | 股本比例 | | | | | 张玉祥 | 是 | 69,000,000 | 11.27% | 2.81% | 2023/11/1 | 2025/12/1 | 招商证券股份有限 公司 | | 张玉祥 | 是 | 20,000,000 | 3.27% | 0.81% | 2024/6/21 | 2025/12/1 | 招商证券股份有限 公司 | | 合计 | | 89,000,000 | 14.54% | 3.63% | | | | - 1 - 二、股东股份累计质押情 ...

Core Viewpoint - Nanji E-commerce (002127) emphasizes the strong consumer base and positive feedback for its core product, Nanji thermal underwear, while also highlighting its diverse product range including self-heating thermal underwear, wool sweaters, and down jackets [1] Group 1 - Nanji thermal underwear is identified as the company's core product with a substantial consumer user base [1] - The product quality of Nanji thermal underwear has received favorable feedback from consumers [1] - In addition to thermal underwear, the company offers a variety of products such as self-heating thermal underwear, wool sweaters, and down jackets [1]

证券代码：002127 证券简称：南极电商 公告编号：2025-057 南极电商股份有限公司 关于公司使用闲置自有资金购买理财产品的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 南极电商股份有限公司（以下简称"公司"）2024年年度股东大会审议通过了《关于使用 闲置自有资金购买理财产品的议案》，授权董事长审批使用公司及合并报表范围内下属子公 司暂时闲置的自有资金用于购买理财产品的额度为250,000万元（人民币）；投资类型为安 全性高、流动性好、保本型或低风险型的理财产品或固定收益类证券（除股票、证券投资基 金、无担保债券等有价证券及其衍生品），期限不超过12个月，在上述额度及期限范围内可 循环滚动使用。 现将公司 2025 年 11 月份使用闲置自有资金购买理财产品的事项公告如下： - 1 - 序 号 受托人名称 产品名称 产品 类型 委托理 财金额 （万元） 预计年化收 益率 起始日 到期日 资金 来源 关联 关系 1 杭州银行上海 临汾路支行 杭州银行"添利宝" 结构性存款产品 保本浮动 收益型 10,000 0.65%-2.4% 2025/ ...

Core Viewpoint - The recent quality inspection report from Suzhou's market supervision authority highlights that the "Nanji Ren" brand has once again failed quality checks, indicating a systemic issue related to its long-term "authorization" model [1][2]. Group 1: Quality Inspection Results - In the latest inspection, 30 batches of thermal underwear were tested, with 5 batches failing, resulting in an overall failure rate of 16.7% [2]. - Among the tested samples, 2 batches from manufacturers had a failure rate of 0%, while 25 batches from physical stores had 4 failures (16% failure rate), and 3 batches from e-commerce platforms had 1 failure (33.3% failure rate) [2]. - The specific failure for "Nanji Ren" was related to breathability, a critical performance indicator for thermal underwear that affects comfort and functionality [3]. Group 2: Company Background and Business Model - The manufacturer of the problematic "Nanji Ren" thermal underwear, Jiangyin Zimi Er Clothing Co., Ltd., is a small enterprise with a registered capital of 500,000 yuan [4]. - "Nanji Ren" operates primarily through a brand authorization model, having shifted away from direct production and sales since 2008, which has led to a diverse range of production partners [4]. - The company has faced multiple quality issues in recent years, with previous inspections revealing non-compliance in various products, including pH levels and fiber content [4]. Group 3: Financial Performance - In the first three quarters of 2025, "Nanji Ren" reported revenues of 1.99 billion yuan, a year-on-year decline of 17.3%, with a net profit of 42.79 million yuan, down 21.1% [5]. - The primary business of "Nanji Ren" is now focused on internet advertising, with brand authorization services being secondary, despite the latter having a significantly higher gross profit margin [6]. - The company has been adjusting its business model, moving from an open authorization system to a more selective franchise model, aiming to partner with higher-quality suppliers and distributors [6][7]. Group 4: Brand Strategy and Market Position - "Nanji Ren" is attempting to transition from a "hands-off" authorization approach to a more engaged brand management strategy, including the opening of its first brand pop-up store [7][8]. - Despite these efforts, "Nanji Ren" has become synonymous with low-quality "private label" products, raising questions about its ability to regain consumer trust [8].