Core Viewpoint - The company is closely monitoring the development of cutting-edge technologies such as embodied intelligence and has made strategic investments in areas like lower limb exoskeleton products, AI glasses, and Mini-LED active drive chips [1] Group 1: Business Development - The company has laid out plans in the fields of lower limb exoskeleton products and smart wearable devices, including AI glasses [1] - The integration and advancement of specific business paths will be dynamically assessed based on technology maturity, market development, and the company's overall strategy [1] - The company aims to continuously promote the synergy of related technologies and their industrial applications [1]

（编辑 袁冠琳） 证券日报网讯 1月20日，探路者在互动平台回答投资者提问时表示，公司密切关注具身智能等前沿技术 的发展，目前，公司在下肢外骨骼产品、AI眼镜等智能穿戴产品以及Mini-LED主动式驱动芯片等领域 进行了布局。具体业务路径的整合与推进节奏，将根据技术成熟度、市场发展与公司整体战略进行动态 评估与决策。未来，公司将持续推动相关技术协同与产业应用，具体进展请以公司官方披露信息为准。 ...

Group 1 - The company, Tanshan, stated that it will closely monitor national development strategies and new market opportunities [2] - The company aims to continuously promote high-quality development [2]

Core Viewpoint - The company is actively expanding its direct store presence in various cities within the Huaihai Economic Zone and is optimistic about the market potential in the region [1] Group 1: Store Expansion - The company has opened direct stores in Suqian, Huai'an, Yancheng, and Lianyungang [1] - Future expansion plans for direct stores will be based on market demand, regional conditions, and the company's overall layout strategy [1] Group 2: Market Focus - The company maintains a positive outlook on the market potential in the Huaihai Economic Zone and the intersection of Shandong, Jiangsu, Anhui, and Henan provinces [1] - The company will conduct comprehensive assessments and prudent evaluations regarding market opportunities in these areas [1]

（文章来源：证券日报） 证券日报网讯 1月19日，探路者在互动平台回答投资者提问时表示，公司曾于2021年底推出北斗防寒 服，通过自带的移动通信模块同步位置信息，提升用户安全感。在产品安全功能的升级迭代中，公司将 综合评估用户核心需求、技术可靠性、系统适配性及成本效益等因素，积极探索和引入能为用户创造切 实价值的先进技术与系统。具体的产品规划与新技术应用，请以公司官方发布的信息为准。 ...

Investment Rating - The investment rating for the light industry manufacturing and textile apparel sectors is "Neutral" [5][52]. Core Insights - The report emphasizes the cultivation of service consumption, with sports events and IP+ consumption expected to benefit directly from new policies aimed at boosting service consumption [4][51]. - Recent government measures, including the "Several Measures to Promote the Quality Improvement and Efficiency Enhancement of the Service Industry" in Shanghai, aim to stimulate service consumption and enhance supply quality [12][51]. - The report highlights the expected performance of key companies, with Jia Mei Packaging forecasting a decline in net profit for 2025 by 43.02%-53.38%, while Wo Le Home is expected to see a growth of 40.78%-56.42% in the same period [41][42]. Industry News - The State Council is focusing on accelerating the cultivation of new growth points in service consumption, particularly in sectors like transportation, home services, performances, and sports events [4][12]. - The Shanghai government has introduced 28 measures targeting six key industries to enhance service quality and stimulate consumption [12][51]. Important Company Announcements - Jia Mei Packaging anticipates a significant decline in net profit for 2025, projecting a profit of 85.44 million to 104.42 million yuan, a decrease of 43.02%-53.38% year-on-year [41]. - Wo Le Home expects a net profit increase for 2025, estimating a profit of 171 million to 190 million yuan, representing a growth of 40.78%-56.42% year-on-year [41]. Market Review - From January 12 to January 16, the light industry manufacturing sector underperformed the CSI 300 index by 0.54 percentage points, while the textile apparel sector outperformed it by 0.02 percentage points [2][42]. - The light industry manufacturing index decreased by 1.11%, while the textile apparel index decreased by 0.55% during the same period [2][42]. Weekly Strategy - The report suggests continuous attention to sectors benefiting from the new service consumption policies, particularly in sports equipment, athletic apparel, and related fields [4][51].

Group 1 - The stock of Tanshaner (探路者) closed down by 3.94% at a price of 12.42 yuan on January 14, with a significant block trade involving 920,000 shares and a total transaction value of 11.4264 million yuan [1] - The first transaction was executed at a price of 12.42 yuan for 920,000 shares, with a premium rate of 0.00%, indicating that both the buyer and seller were institutional investors [1] - Over the past three months, Tanshaner has recorded three block trades with a cumulative transaction value of 16.2555 million yuan, and in the last five trading days, the stock has increased by 11.39% with a net inflow of 33.8829 million yuan from major funds [1]

证券之星消息，1月14日服装家纺板块较上一交易日下跌0.58%，探路者领跌。当日上证指数报收于 4126.09，下跌0.31%。深证成指报收于14248.6，上涨0.56%。服装家纺板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 001209 洪兴股份 | | 2191.17万 | 6.53% | 1220.01万 | 3.63% | -3411.19万 | -10.16% | | 001234 | 泰慕士 | 2086.45万 | 14.66% | -259.32万 | -1.82% | -1827.13万 | -12.84% | | 002269 美邦服饰 | | 1785.98万 | 4.95% | -1170.05万 | -3.24% | -615.93万 | -1.71% | | 300577 | 开润股份 | 1475.44万 | 15.02% | 393.37万 | 4.00% ...

李东生指出，过去二十年，中国企业从全球产业链的追赶者，成长为在新型战略产业领域开疆拓土的先 锋，同时也成为中国经济全球化的探路者（300005）。"中国企业的出海之路已从最初的产品出口，升 级为商业模式、工业能力、供应链的系统化出海。" 面对"十五五"规划新征程，李东生表示："本次大会是'敢为天下先'的深商精神与'推动正气商业力量'的 企业家精神交融互鉴的盛典。作为团结中国企业发展的重要力量，深商会和中国企业家俱乐部也必将在 此新征程上勇挑大梁，在党和国家政策的指引下，团结广大企业家，增强发展信心，勇担时代责任；持 续发挥平台作用，为企业创新成长提供高质量服务；不断壮大组织力量，汇聚更多优秀企业；充分发挥 国际联络优势，助力中国企业在全球化进程中行稳致远。" 中国经济网1月13日讯（记者 王惠绵）"当前，全球宏观经济复杂多变，中国经济正处于战略机遇和风 险挑战并存的关键阶段，'十五五'规划提出要构建现代化产业体系，中国企业要在其中发挥更为重要的 作用。"1月12日，TCL创始人、董事长李东生出席第九届深商盛典暨中国企业家俱乐部20年系列活动并 在大会主论坛发表《二十而励 向新而行》的主旨演讲。 ...

Group 1 - The global macroeconomic environment is complex and variable, with China facing both strategic opportunities and risks during this critical phase [1] - The "14th Five-Year Plan" emphasizes the need to build a modern industrial system, where Chinese enterprises are expected to play a more significant role [1] - Over the past two decades, Chinese companies have evolved from being followers in the global supply chain to pioneers in new strategic industries, contributing to China's economic globalization [3] Group 2 - TCL's globalization journey began in 1999 with its entry into Vietnam, marking 27 years of global expansion [3] - The establishment of TCL's North American regional operating center serves as a model for high-end market development, with significant investments in local R&D and manufacturing [3] - TCL ranks second in TV shipment volume in the North American market, supported by integrated local R&D, production, and marketing strategies [3]