Core Insights - The company, Jialinjie (002486.SZ), reported a revenue of 918 million yuan for the first three quarters, reflecting a year-on-year growth of 3.49% [1] - The net profit attributable to shareholders reached 51.996 million yuan, marking a significant year-on-year increase of 205.46% [1] - The net profit after deducting non-recurring gains and losses was 49.578 million yuan, showing a remarkable year-on-year growth of 318.59% [1]

Core Insights - The company, Jialinjie (002486), reported its Q3 2025 financial results, showing a revenue of 302 million yuan, which represents a year-on-year increase of 2.60% [1] - The net profit for the same period reached 22.2469 million yuan, reflecting a significant year-on-year growth of 451.31% [1] Financial Performance - Q3 2025 revenue: 302 million yuan, up 2.60% year-on-year [1] - Q3 2025 net profit: 22.2469 million yuan, up 451.31% year-on-year [1]

Core Insights - The Chinese textile and apparel industry is experiencing a critical opportunity for ESG development amid the global green and low-carbon transition [1] - Shanghai Jialinjie Textile Co., Ltd. (嘉麟杰) demonstrates leading sustainable development capabilities in the high-end functional fabric sector [1] Group 1: Technological Innovation and Product Development - The company builds green competitiveness through technological innovation, with its wool and recycled polyester fabrics recognized as "national-level green design products" [2] - The apparel business now accounts for nearly 70% of the company's revenue, with high-value product lines like sports functional fabrics and knitted wool fabrics gaining market recognition [2] Group 2: Green Manufacturing and Smart Factory Initiatives - Jialinjie has made significant progress in green production systems, becoming the first company in mainland China to join the Bluesign Alliance and obtaining multiple international certifications [3] - The company is recognized as a national-level "green factory" and "demonstration enterprise for green product design" by the Ministry of Industry and Information Technology [3] - Jialinjie has implemented smart factory initiatives using IoT and digital twin technologies to optimize production processes and manage energy consumption effectively [3] Group 3: Circular Economy and International Expansion - The company has established an integrated supply chain from spinning to garment production, enabling full control over the production process [4] - Jialinjie is advancing research on textile recycling technologies and has collaborated with PrimaLoft to launch Bio Performance Fabric, which utilizes chemical recycling processes for polyester [4] - The company is expanding its international presence by developing overseas production bases and engaging in joint research, enhancing its sustainable competitiveness in the global supply chain [4] - As ESG disclosure requirements increase and investor interest in sustainability grows, Jialinjie is forming a differentiated sustainable competitive advantage in the textile and apparel industry's green transformation [4]

证券代码：002486 证券简称：嘉麟杰 公告编号：2025-044 上海嘉麟杰纺织品股份有限公司 第六届董事会第十六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、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 上海嘉麟杰纺织品股份有限公司（以下简称"公司"）第六届董事会第十六 次会议通知于 2025 年 10 月 29 日以书面及通讯方式送达至全体董事，于 2025 年 10 月 30 日在公司会议室以现场和通讯相结合的方式召开。本次会议由董事长 杨希女士召集并主持，会议应出席董事 9 人，实际出席董事 9 人，公司高级管理 人员列席了本次会议。本次会议的召集、召开程序符合法律法规及《上海嘉麟杰 纺织品股份有限公司章程》的规定，会议合法、有效。 1 / 1 1.审议通过了《关于公司 2025 年第三季度报告的议案》（同意票 9 票，反 对票 0 票，弃权票 0 票）。 董事会认为：公司编制和审核《2025 年第三季度报告》的程序符合法律、 行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了公司 2025 年三季度经营的实际情况，不存在任何虚假记载、误导性 ...

Core Viewpoint - The company reported a significant increase in net profit for the third quarter, indicating strong financial performance despite modest revenue growth [1] Financial Performance - In the third quarter, the company achieved an operating income of 302 million yuan, representing a year-on-year growth of 2.60% [1] - The net profit attributable to shareholders for the third quarter was 22.25 million yuan, showing a remarkable year-on-year increase of 451.31% [1] - For the first three quarters, the company recorded an operating income of 918 million yuan, which is a year-on-year growth of 3.49% [1] - The net profit attributable to shareholders for the first three quarters reached 51.99 million yuan, reflecting a year-on-year increase of 205.46% [1]

Core Insights - The company reported a third-quarter revenue of 302 million yuan, representing a year-on-year increase of 2.60% [1] - The net profit for the third quarter was 22.25 million yuan, showing a significant year-on-year growth of 451.31% [1] - For the first three quarters, the company achieved a revenue of 918 million yuan, which is a year-on-year increase of 3.49% [1] - The net profit for the first three quarters reached 51.99 million yuan, reflecting a year-on-year growth of 205.46% [1]

Financial Performance - The company's revenue for Q3 2025 reached ¥302,300,393.46, representing a 2.60% increase compared to the same period last year[5] - Net profit attributable to shareholders was ¥22,246,931.78, a significant increase of 451.31% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥20,904,033.84, up 310.72% from the previous year[5] - Basic earnings per share for the period were ¥0.0270, reflecting a 455.26% increase compared to the same quarter last year[5] - Operating revenue for the current period reached CNY 1,029,170,815.44, compared to CNY 946,138,067.03 in the prior period, indicating an increase of about 8.8%[29] - The net profit for the current period is CNY 56,838,866.47, a significant increase from CNY 18,121,312.60 in the previous period, representing a growth of approximately 214.5%[27] - The operating profit for the current period is CNY 63,556,631.94, up from CNY 23,558,098.15, reflecting a growth of approximately 169.8%[27] - The total comprehensive income for the current period is CNY 59,476,187.13, compared to CNY 19,699,529.32 in the previous period, marking an increase of approximately 201.5%[28] - Basic and diluted earnings per share for the current period are both CNY 0.0629, up from CNY 0.0205 in the previous period, representing an increase of about 206.3%[28] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,298,581,336.99, a 2.85% increase from the end of the previous year[5] - The company's total assets increased to 1,298,581,336.99 yuan from 1,262,544,562.22 yuan, reflecting a growth of approximately 2.84%[25] - The total liabilities decreased to 210,327,696.93 yuan from 223,738,746.22 yuan, reflecting a decline of approximately 5.98%[25] - The company's retained earnings increased to 323,661,015.41 yuan from 271,665,173.63 yuan, marking a growth of about 19.2%[25] Cash Flow and Investments - The company's cash flow from operating activities for the year-to-date was ¥136,110,630.17, an increase of 18.64%[5] - The cash flow from operating activities generated a net amount of CNY 136,110,630.17, compared to CNY 114,721,909.75 in the previous period, showing an increase of about 18.6%[30] - Investment income for the period was ¥7,118,360.19, a 145.52% increase compared to the previous year[11] - The company reported a significant investment income of CNY 7,118,360.19, a turnaround from a loss of CNY 15,638,550.50 in the previous period[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 49,540[14] - The largest shareholder, Shanghai Guojun Investment Co., Ltd., holds 17.72% of shares, totaling 146,030,800 shares, with 123,190,000 shares pledged[14] - Dongxu Group Co., Ltd. holds 3.59% of shares, totaling 29,583,181 shares, with 28,450,000 shares pledged[14] - The company has not identified any other shareholders with related party relationships or concerted actions[15] - The company has not reported any changes in the shareholding structure of the top 10 shareholders due to securities lending activities[16] Corporate Governance - The company plans to cancel the supervisory board and transfer its responsibilities to the audit committee of the board of directors by January 1, 2026[16] - The company will revise its articles of association and governance structure in line with the new Company Law regulations[17] - The company’s board of directors approved the share repurchase plan on July 18, 2024, during the second extraordinary shareholders' meeting[19] Share Repurchase - The company plans to cancel the supervisory board and transfer its responsibilities to the audit committee of the board of directors by January 1, 2026[16] - The company has proposed a share repurchase plan using its own funds, with a budget of between RMB 20 million and RMB 40 million, at a maximum price of RMB 3.94 per share[19] - As of December 31, 2024, the company repurchased 3,872,800 shares, accounting for 0.47% of the total share capital, with a total transaction amount of RMB 9,987,924[20] - The company repurchased a total of 7,716,900 shares, accounting for 0.93% of the total share capital before cancellation, with a total expenditure of 20,015,485.00 yuan[22] - The highest transaction price during the share repurchase was 2.66 yuan per share, while the lowest was 2.55 yuan per share[22] Operational Metrics - The company's cash and cash equivalents increased to 320,897,114.81 yuan from 280,706,354.51 yuan, representing a growth of approximately 14.3%[23] - The company's inventory decreased to 239,490,837.92 yuan from 264,257,199.33 yuan, showing a reduction of about 9.34%[24] - Total operating costs amounted to 865,891,375.43 yuan, up from 853,023,156.74 yuan, indicating a rise of about 1.03%[26] - The total operating expenses decreased slightly to CNY 117,973,553.14 from CNY 121,856,805.96, reflecting a reduction of about 3.2%[27] - The company experienced a foreign exchange gain of CNY 670,895.68, compared to a loss of CNY 552,901.97 in the previous period, indicating a positive shift in currency impact[30]

Core Insights - The apparel and home textile sector experienced a rise of 1.38% on October 21, with Zhongyin Fashion leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Sector Performance - Zhongyin Fashion (300901) closed at 17.48, with a significant increase of 11.20% and a trading volume of 122,000 shares, resulting in a transaction value of 209 million yuan [1] - Tianchuang Fashion (603608) saw a rise of 9.96%, closing at 8.72 with a trading volume of 292,300 shares [1] - Hason Co., Ltd. (603958) increased by 6.98%, closing at 16.85 with a trading volume of 101,600 shares [1] - Other notable performers include Gelisi (603808) up 5.35%, Langsha Co. (600137) up 5.21%, and Longtou Co. (600630) up 5.00% [1] Capital Flow - The apparel and home textile sector saw a net outflow of 177 million yuan from main funds, while retail investors contributed a net inflow of 260 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing while retail investors increased their positions [2]

Group 1 - The core viewpoint of the news is that 嘉麟杰 has shown fluctuations in stock performance, with a year-to-date increase of 10.61% and a recent decline of 3.90% over the last five trading days [1] - As of September 26, 嘉麟杰's stock price was 2.71 CNY per share, with a market capitalization of 2.234 billion CNY [1] - The company has experienced a net inflow of main funds amounting to 1.565 million CNY, with significant buying and selling activities noted [1] Group 2 - For the first half of 2025, 嘉麟杰 reported a revenue of 616 million CNY, reflecting a year-on-year growth of 3.93%, and a net profit attributable to shareholders of 29.749 million CNY, which is a 27.38% increase [2] - The number of 嘉麟杰 shareholders increased to 49,900, marking a 2.66% rise, while the average circulating shares per person decreased by 2.59% to 16,456 shares [2] Group 3 - 嘉麟杰 has distributed a total of 122 million CNY in dividends since its A-share listing, with 9.984 million CNY distributed over the past three years [3]

Core Viewpoint - The Chinese light industry is experiencing a new development opportunity due to precise growth policies, with Shanghai Jialinjie Textile Co., Ltd. exemplifying success through high-end and intelligent strategies, as evidenced by significant profit and cash flow increases in the first half of 2025 [1]. Group 1: Financial Performance - The company reported a net profit increase of 27.38% in the first half of 2025, with operating cash flow surging over 30 times, indicating a strong recovery and operational efficiency [1][2]. - The net cash flow from operating activities reached 62.58 million yuan, a substantial increase of 3005.17% year-on-year, reflecting enhanced collection capabilities [2]. - The weighted average return on net assets rose to 2.82%, an increase of 0.58 percentage points year-on-year, while earnings per share grew by 27.76% to 0.0359 yuan per share, showcasing excellent cost control and operational efficiency [2]. Group 2: Business Segmentation - The company achieved a total revenue of 616 million yuan in the first half of 2025, with the apparel business contributing 427 million yuan, a year-on-year growth of 8.66%, accounting for 69.29% of total revenue [3]. - Despite a slight adjustment in fabric business revenue, the gross margin increased by 3.02 percentage points, indicating successful product structure optimization and high-end strategy implementation [3]. - The company demonstrated significant profitability resilience compared to the industry, which faced a 7.6% year-on-year decline in profits for large enterprises from January to May 2025, thanks to high-value-added products like functional fabrics and wool knits [3]. Group 3: Market Outlook and Policy Support - Recent joint announcements from the Ministry of Industry and Information Technology, the Ministry of Commerce, and the State Administration for Market Regulation provide favorable expectations for the export business, supporting new foreign trade formats like cross-border e-commerce [4]. - The policies aim to promote generative artificial intelligence in product design and production, fostering new growth points in sectors like sports and leisure, which will benefit light industry companies like Jialinjie [4]. - The global trend of consumption upgrading and the rise of health and fitness culture present vast opportunities for functional textiles, aligning with the company's ongoing high-end and intelligent strategies, which are well-supported by domestic growth policies [4].