纺织业的复苏浪潮中，昔日的行业领头羊正在经历转型阵痛。 在全球纺织行业呈现复苏态势的背景下，如意集团（维权）今年上半年的经营业绩面临一定压力。根据 最新发布的半年度报告，公司主营业务收入与去年同期相比出现下滑，亏损幅度有所扩大。 这一状况与整个纺织行业的表现形成反差。上半年，中国纺织业规模以上工业增加值保持增长，出口总 额也同比提升，显示出行业整体回暖的迹象。控股股东问题与市场需求疲软被公司工作人员解释为影响 业绩的部分原因。 业务全线承压 如意集团的核心业务板块在今年上半年均面临挑战。 作为传统优势产品的精纺呢绒业务，营业收入较去年同期有明显减少，该类产品的毛利率也呈现下滑态 势。 公司的另一主营业务——服装产品，收入同样出现下降。 从销售区域来看，如意集团的内外销市场均表现疲软。国内收入大幅减少，显示出国内市场拓展受挫。 占据公司营收主要部分的外销业务，同样未能摆脱下滑趋势。 技术突破与研发投入 近期，公司旗下的如意色纺产业宣布成功开发出100%丙纶纱线系列新产品，填补了市场在高性能纯丙 纶纱线领域的空白。 这一新品集多项卓越性能于一身：密度低，堪称"水上浮纱"，极致轻量化；同时具备超高强度与耐用 性，打 ...

今年以来如意集团已经2次登上龙虎榜，最近一次登上龙虎榜为1月17日，当日龙虎榜净买入-1462.93万 元；买入总计1756.98万元 ，占总成交额比5.95%；卖出总计3219.91万元 ，占总成交额比10.90%。 9月26日，如意集团（维权）盘中上涨2.11%，截至10:18，报5.80元/股，成交1158.91万元，换手率 0.78%，总市值15.18亿元。 如意集团今年以来股价涨2.47%，近5个交易日涨2.29%，近20日涨1.75%，近60日跌3.33%。 资料显示，山东如意毛纺服装集团股份有限公司位于山东省济宁市高新区如意工业园，成立日期1993年 12月28日，上市日期2007年12月7日，公司主营业务涉及纺织品、服装和服饰的设计、生产、销售。羊 毛及其他纺织原料辅料的收购、加工及销售,纺织服装技术的研发、推广等。主营业务收入构成为：服 装68.55%，精纺呢绒25.99%，其他5.46%。 如意集团所属申万行业为：纺织服饰-服装家纺-非运动服装。所属概念板块包括：微盘股、新零售、小 盘、抗菌面料、低价等。 分红方面，如意集团A股上市后累计派现9110.77万元。近三年，累计派现0.00元。 ...

Core Viewpoint - Recently, Ruiyi Group (002193) reported a significant decline in its financial performance for the first half of 2025, with total revenue dropping by 32.25% year-on-year and a net loss of 957.26 million yuan, marking a 105% decline compared to the previous year [1] Financial Performance Summary - Total revenue for the first half of 2025 was 154 million yuan, down from 228 million yuan in 2024, representing a decrease of 32.25% [1] - The net profit attributable to shareholders was -95.73 million yuan, a decline of 105% from -46.70 million yuan in the previous year [1] - The gross profit margin decreased to 17.71%, down 4.25% year-on-year, while the net profit margin fell to -61.97%, a drop of 202.58% [1] - The total of selling, administrative, and financial expenses reached 63.02 million yuan, accounting for 40.8% of total revenue, which is an increase of 60.11% year-on-year [1] - Earnings per share were -0.37 yuan, a decrease of 105.56% compared to -0.18 yuan in the previous year [1] Cash Flow and Debt Analysis - The company's cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at only 0.99% and the average operating cash flow over the past three years to current liabilities ratio at 0.88% [3] - The interest-bearing debt ratio has reached 43.15%, and the ratio of interest-bearing debt to the average operating cash flow over the past three years is 93.56% [3] - The liquidity ratio is low at 0.44, indicating potential liquidity issues [3] Historical Performance Insights - Over the past decade, the median Return on Invested Capital (ROIC) has been weak at 1.84%, with the worst year being 2024, where ROIC was -24.4% [2] - The company has reported losses in four out of its 17 annual reports since going public, indicating a history of poor financial performance [2]

Core Viewpoint - Despite the overall recovery in the textile industry, Ru Yi Group continues to struggle with significant operational challenges, as evidenced by its declining financial performance and internal governance issues [1][4]. Financial Performance - In the first half of 2025, Ru Yi Group reported revenue of 154 million yuan, a substantial decline of 32.25% compared to 228 million yuan in the same period last year [1][2]. - The company recorded a net loss attributable to shareholders of 95.73 million yuan, which is an increase of 105% from a loss of 46.70 million yuan in the previous year [1][2]. - The adjusted net loss after excluding non-recurring items was 94.99 million yuan, reflecting a year-on-year increase of 106.82% [2]. - The weighted average return on equity dropped from -3.82% to -15.44% [2]. Business Segments - The core business segments of Ru Yi Group performed poorly, with revenue from the fine woolen fabric segment falling from 85.27 million yuan to 40.15 million yuan, a decline of 52.91% [2]. - The gross margin for this segment decreased from 21.15% to 3.86% [2]. - Revenue from the apparel segment also declined by 13.49% year-on-year [2]. Market Performance - Domestic sales revenue plummeted by 58.72% to 1.39 million yuan from 3.37 million yuan in the previous year, indicating challenges in expanding the domestic market [2]. - Export sales, which account for 90% of the company's revenue, decreased by 27.66% to 141 million yuan [2]. Asset Management - As of June 30, 2025, total assets were 2.681 billion yuan, a decrease of 2.39% from the previous year [2]. - Net assets attributable to shareholders were 572 million yuan, down 14.34% from the previous year [2]. Cash Flow - The net cash flow from operating activities was 3.75 million yuan, a significant improvement of 192.90% from -4.03 million yuan in the previous year [3]. - Despite the positive cash flow, it remains insufficient to offset the substantial losses [3]. Internal and External Challenges - Ru Yi Group faces multiple risks, including insufficient market demand, intense competition, and fluctuations in raw material prices [4][5]. - The company's controlling shareholder, Shandong Ru Yi Technology Group, has all its shares pledged and judicially frozen, raising concerns about the company's governance and financial stability [5]. - A non-standard audit report was issued for the 2024 financial statements due to issues related to a long-term equity investment [5]. Future Strategies - The company plans to focus on enhancing customer orders, particularly through personalized and group customization [6]. - Emphasis will be placed on technological research and development to optimize product structure and gross margins [6]. - Ru Yi Group aims to improve cost efficiency and production management [6].

Core Viewpoint - The company reported a significant decline in revenue and net profit for the first half of 2025, indicating financial challenges ahead [1] Financial Performance - The company achieved an operating income of 154 million yuan, representing a year-on-year decrease of 32.25% [1] - The net profit attributable to shareholders was -95.7257 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -94.9927 million yuan [1] - The basic earnings per share were -0.370 yuan [1]

Group 1 - The company reported a revenue of 154 million yuan for the first half of the year, representing a year-on-year decline of 32.25% [1] - The company incurred a loss of 95.73 million yuan, compared to a loss of 46.70 million yuan in the same period last year [1]

本公司及监事会全体成员保证公告内容真实、准确和完整，并对公告中的虚假记 载、误导性陈述或者重大遗漏承担责任。 山东如意毛纺服装集团股份有限公司 第九届监事会第十六次会议决议公告 证券代码：002193 证券简称：如意集团 公告编号：2025－027 一、监事会会议召开情况 1、监事会会议通知的时间和方式 山东如意毛纺服装集团股份有限公司（以下简称"公司"）第九届监事会第十六 次会议通知及会议材料于2025年8月14日以电子邮件或当面送达的方式发出。 2、监事会会议的时间、地点和方式 会议于2025年8月28日以现场和通讯表决相结合的方式在公司本部会议室召开。 3、监事会会议应出席的监事人数 本次会议应参加表决监事3名，实际参加表决监事3名。监事会主席王银，监事韩 耀武、翟孟强3人到现场、通过视频或电话参加了会议。 4、监事会会议的主持人和列席人员 本次会议由公司监事会主席王银先生召集和主持。 5、本次会议的召集、召开符合法律法规和公司章程的规定。 二、监事会会议审议情况 会议审议通过《2025年半年度报告及摘要》。 表决结果：3票同意、0票反对、0票弃权。 经认真审核，监事会认为：董事会编制和审议公司2025 ...

证券代码：002193 证券简称：如意集团 公告编号：2025－026 山东如意毛纺服装集团股份有限公司 第九届董事会第十八次会议决议公告 1、董事会会议通知的时间和方式 山东如意毛纺服装集团股份有限公司（以下简称"公司"）第九届董事会第十八 次会议通知及会议材料于2025年8月14日以电子邮件或当面送达的方式发出。 2、董事会会议的时间、地点和方式 会议于2025年8月28日以现场和通讯表决相结合的方式在公司本部会议室召开。 3、董事会会议应出席的董事人数 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的虚假记 载、误导性陈述或者重大遗漏承担责任。 一、董事会会议召开情况 会议审议通过《2025年半年度报告及摘要》。 表决结果：9票同意、0票反对、0票弃权。 《 2025 年 半 年 度 报 告 》 全 文 及 摘 要 登 载 于 巨 潮 资 讯 网 （http://www.cninfo.com.cn），《2025年半年度报告摘要》同时登载于《中国证券 1 报》、《证券时报》。 三、备查文件 本次会议应参加表决董事9名，实际参加表决董事9名。董事长邱晨冉，董事苏晓、 代兴海、张贝贝、孟霞、徐 ...

Group 1 - The company reported a revenue of 154 million yuan for the first half of the year, representing a year-on-year decline of 32.25% [1] - The net profit attributable to shareholders was a loss of 95.73 million yuan, compared to a loss of 46.70 million yuan in the same period last year [1] - The basic earnings per share were -0.37 yuan per share [1]

Group 1 - The company reported a revenue of 154 million yuan for the first half of 2025, representing a year-on-year decline of 32.25% [1] - The net loss attributable to shareholders was 95.7257 million yuan, compared to a net loss of 46.6952 million yuan in the same period last year [1] - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves [1]