Financial Projections - The estimated net profit attributable to shareholders for 2025 is projected to be between ¥9,800 million and ¥12,000 million, representing a decrease of 30.81% to 15.28% compared to the previous year’s ¥14,164.40 million[4]. - The estimated net profit after deducting non-recurring gains and losses is expected to be between ¥9,300 million and ¥11,500 million, reflecting a decline of 30.48% to 14.03% from last year's ¥13,377.03 million[4]. - The basic earnings per share is projected to be between ¥0.3309 and ¥0.4051, down from ¥0.4846 in the previous year[4]. Business Performance - The decline in net profit is primarily attributed to weaker-than-expected recovery in footwear and apparel consumption, leading to a decrease in selling prices of leather products and a drop in gross profit margins[6]. - The automotive interior leather business is expected to maintain revenue growth due to new customer acquisition and strong sales of targeted vehicle models, with stable gross and net profit margins[7]. - In Q4 2025, revenue and net profit from the footwear and bag leather business showed a recovery, while the automotive interior leather business experienced significant growth in both revenue and net profit on a quarter-over-quarter basis[7]. Audit and Risk Awareness - The company has communicated with its auditing firm regarding the earnings forecast, and there are no discrepancies between the two parties[5]. - Investors are advised to note that the earnings forecast is based on preliminary estimates and the final financial data will be disclosed in the 2025 annual report, highlighting the importance of investment risk awareness[8].

Core Viewpoint - The company expects a decline in net profit for the fiscal year 2025, projecting a range between 98 million to 120 million yuan, which represents a year-on-year decrease of 15.28% to 30.81% [1] Summary by Categories Financial Performance - The anticipated decline in net profit is primarily attributed to the slower-than-expected recovery in footwear and apparel consumption, leading to a decrease in selling prices of leather products and a subsequent drop in gross margin and profitability [1] Business Segments - The automotive interior leather business is expected to maintain revenue growth due to the acquisition of new clients and the popularity of designated vehicle models, while internal management upgrades are expected to enhance cost reduction and efficiency [1] - The gross margin and net profit margin for the automotive interior leather segment are projected to remain stable [1]

Market Overview - The textile manufacturing sector experienced a decline of 0.98% on January 26, with Yunzhongma leading the drop [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] Stock Performance - Notable gainers in the textile manufacturing sector included: - Wanshili (301066) with a closing price of 21.95, up 4.72% and a trading volume of 183,400 shares [1] - Bailong Dongfang (662109) closed at 6.95, up 3.58% with a trading volume of 289,100 shares [1] - Hangmin Co. (600987) closed at 7.46, up 3.04% with a trading volume of 248,600 shares [1] - Conversely, Yunzhongma (603130) saw a significant decline of 9.85%, closing at 57.63 with a trading volume of 44,400 shares [2] Capital Flow - The textile manufacturing sector saw a net outflow of 273 million yuan from institutional investors, while retail investors contributed a net inflow of 155 million yuan [2] - The capital flow for key stocks included: - Wanshili (301066) had a net inflow of 21.96 million yuan from institutional investors [3] - Jiangnan High Fiber (600527) experienced a net inflow of 20.30 million yuan from institutional investors [3] - However, Wanshili also faced a net outflow of 33.51 million yuan from retail investors [3]

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 兴业皮革科技股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开第 六届董事会第十次会议，会议审议通过了《关于公司为子公司提供担保额度的议 案》，该议案于 2025 年 5 月 19 日经公司 2024 年度股东大会审议通过。公司向下 属子公司提供累计不超过 14.3 亿元的新增担保额度，其中为子公司福建宝泰皮 革有限公司（以下简称"宝泰皮革"）提供担保额度 40,000 万元上述担保额度的 有效期为自股东大会审议通过之日起 12 个月内。上述具体内容详见公司于 2025 年 4 月 26 日在《证券时报》《证券日报》及巨潮资讯网（www.cninfo.com.cn）披 露的《兴业皮革科技股份有限公司关于为子公司提供担保额度的公告》 （2025-019）。 一、担保情况概述 交通银行股份有限公司泉州分行（以下简称"交通银行泉州分行"）批准向子 公司宝泰皮革提供额度为 5,555 万元的综合授信额度，该授信额度可用作贸易融 资、流动资金贷款等，授信期限为自交通银行泉州分行审批通过之日起 1 年，由 ...

Core Viewpoint - Xiamen Xingrui Technology Investment Co., Ltd. has been established with a registered capital of 30 million RMB, fully owned by Xinyi Leather Technology Co., Ltd. [1] Company Information - The legal representative of Xiamen Xingrui Technology Investment Co., Ltd. is Wu Guoshi [1] - The company is classified as a limited liability company (non-natural person investment or holding) [1] - The business scope includes investment activities with self-owned funds, technology services, development, consulting, exchange, transfer, promotion, sales of automotive decorative products, leather products, and import-export of goods [1] Financial Details - The registered capital of Xiamen Xingrui Technology Investment Co., Ltd. is 30 million RMB [1] Operational Details - The company is located at 66 Taidong Road, Siming District, Xiamen [1] - The business operation period is from January 21, 2026, to an indefinite term [1]

Core Viewpoint - The textile manufacturing sector experienced a slight decline of 0.01% on January 21, with Yunzhongma leading the losses, while the Shanghai Composite Index rose by 0.08% and the Shenzhen Component Index increased by 0.7% [1]. Group 1: Market Performance - The textile manufacturing sector's performance was mixed, with notable gainers including Huamao Co., which rose by 7.56% to close at 6.40, and Fengzhu Textile, which increased by 4.36% to 7.66 [1]. - The overall trading volume in the textile manufacturing sector showed significant activity, with Huamao Co. recording a transaction volume of 508,500 shares and a turnover of 317 million yuan [1]. Group 2: Individual Stock Performance - The top performers in the textile sector included: - Huamao Co. (6.40, +7.56%, 508,500 shares, 317 million yuan) - Fengzhu Textile (7.66, +4.36%, 132,800 shares, 100 million yuan) - Jujie Zuo Xian (37.81, +2.86%, 84,100 shares, 312 million yuan) [1]. - Conversely, Yunzhongma saw a decline of 3.21%, closing at 57.53, with a trading volume of 29,300 shares and a turnover of 170 million yuan [2]. Group 3: Capital Flow Analysis - The textile manufacturing sector experienced a net outflow of 61.33 million yuan from institutional investors, while retail investors saw a net inflow of 33.63 million yuan [2]. - Notable capital movements included: - Huali Group with a net inflow of 32.60 million yuan from institutional investors, despite a net outflow from retail investors [3]. - Huamao Co. also had a significant net inflow of 23.01 million yuan from institutional investors [3].

Group 1 - The core point of the article is that Xingye Technology announced a share reduction by Fujian Chunhong Equity Investment Partnership, which sold 3.0277 million shares, accounting for 1.02% of the total share capital [2] - After the reduction, Fujian Chunhong's shareholding decreased to 25.3289 million shares, representing 8.57% of the total [2]

| 本次权益变动方式（可 | 通过证券交易所的集中交易 | | ☑ | | | --- | --- | --- | --- | --- | | 多选） | 通过证券交易所的大宗交易 | | ☑ | | | | 其他 | | □ | | | 3．本次变动前后，投资者及其一致行动人拥有上市公司权益的股份情况 | | | | | | 股东及股份性质 | 本次变动前持有股份 | | 本次变动后持有股份 | | | | 股数(万股) | 占总股本 比例(%) | 股数(万股) | 占总股本 比例(%) | | 福建省万兴股权投资 合伙企业（有限合伙） | 8474.4 | 28.67 | 8474.4 | 28.67 | | 吴国仕 | 3966.6886 | 13.42 | 3966.6886 | 13.42 | | 福建省春宏股权投资 合伙企业（有限合伙） | 2835.66 | 9.59 | 2532.89 | 8.57 | | 吴美莉 | 379.4656 | 1.28 | 379.4656 | 1.28 | | 合计持有股份 | 15656.2142 | 52.97 | 15353.4442 | 51.95 ...

Group 1 - The core point of the article is that Fujian Chunhong Equity Investment Partnership (Limited Partnership), a shareholder holding more than 5%, plans to reduce its stake in Xingye Technology by 302.77 million shares, representing a decrease of 1.02% [1] - Before the reduction, the shareholder held 28.3566 million shares, accounting for 9.59% of the total share capital [1] - After the reduction, the shareholder will hold 25.3289 million shares, which will represent 8.57% of the total share capital [1]

Group 1 - The textile manufacturing sector increased by 0.35% compared to the previous trading day, with Yunzhongma leading the gains [1] - The Shanghai Composite Index closed at 4126.09, down 0.31%, while the Shenzhen Component Index closed at 14248.6, up 0.56% [1] - Notable gainers in the textile manufacturing sector included Dingzhong (up 8.00% to 61.28), Nanshan Zhishang (up 5.91% to 20.25), and Xingye Technology (up 3.61% to 15.23) [1] Group 2 - The textile manufacturing sector experienced a net outflow of 209 million yuan from institutional funds, while retail investors saw a net inflow of 191 million yuan [2] - The top stocks by net inflow from institutional investors included Weixing (21.92 million yuan) and Wanshili (19.44 million yuan) [3] - Retail investors showed significant interest in stocks like Wanshili and Jiangnan Gaoxian, with net inflows of 10.36% and 8.43% respectively [3]