Core Viewpoint - The company has a small direct export business to the U.S., with indirect exports primarily handled by Amway Vietnam, which is not significantly affected by U.S. tariff policies, thus minimizing the impact on the company [1] Group 1: Export Business - The company's direct export business to the U.S. is relatively small [1] - Indirect exports to the U.S. are mainly managed by Amway Vietnam, which benefits from stable U.S. tariff policies [1] Group 2: Market Conditions - The real estate market adjustment has led to a mixed order situation for the sofa and home furnishing category, with some clients increasing orders while others decrease [1] - Despite external challenges anticipated in the first half of 2025, the company aims to enhance gross margins and product prices through upgrades in product and customer structures [1] Group 3: Strategic Initiatives - The company is progressing according to its plans for market expansion and customer service [1] - The core competitiveness of the company remains stable [1]

Group 1 - The company maintains a close partnership with Nike, which will upgrade to a strategic partnership in January 2025, and is progressing with product development and delivery as planned [1] - Nike is an important client for the company, contributing positively to its operating performance [1] - The company has achieved a certain scale of mass production orders with Adidas since 2025, currently in a foundational and capacity-building phase, with a favorable cooperation trend [1] Group 2 - Investors have inquired about the conversion of core customer orders, specifically whether new development projects with Nike have entered mass production and if the scale of Adidas orders has increased compared to the first half of the year [3] - There is interest in understanding the substantial contribution of business growth from both major clients to the Q3 performance [3]

Core Viewpoint - Amway Co., Ltd. is advancing its new projects in automotive interiors and electronic products, responding to customer demands and enhancing its production capabilities in Vietnam, which is expected to contribute positively to the company's overall economic performance [1][3]. Group 1: Business Development - The company has secured new projects in automotive interiors and electronic products, with mainstream automotive manufacturers as clients [1][3]. - The production volume in Vietnam has reached nearly 400,000 meters per month, and the company is experiencing a reduction in losses [3]. Group 2: Operational Performance - Since 2025, Amway's production capacity and order acceptance ability have improved, leading to a higher capacity utilization rate and better operational conditions [1]. - The company is focused on achieving a balance between profit and loss in the fourth quarter [3].

Group 1 - On October 13, a total of 9 companies were investigated by institutions, with 6 companies being surveyed by funds, indicating a strong interest in these firms [1] - LiuGong was the most popular among the surveyed companies, with 15 funds participating in its investigation, while QingNiao Fire and KeLu Electronics attracted 4 and 2 funds respectively [1] - Among the surveyed companies, 4 were from the Shenzhen Main Board and 2 from the ChiNext Board, highlighting the diversity in market segments [1] Group 2 - The total market capitalization of the surveyed A-share companies included 2 firms with a market value of less than 10 billion yuan, specifically Anli Co. and Baoli International [2] - In terms of market performance over the past 5 days, 3 stocks among the surveyed companies saw an increase, with KeLu Electronics leading at a rise of 7.49%, followed by LiuGong at 1.97% and Baoli International at 0.46% [2] - Conversely, 2 stocks experienced declines, with QingNiao Fire and Anli Co. showing decreases of 1.88% and 1.30% respectively [2]

证券日报网讯安利股份（300218）10月13日在互动平台回答投资者提问时表示，截至2025年10月10日， 公司股东总数为15，786户(已合并信用账户)。 ...

Core Insights - The company is currently in the early stages of developing materials for embodied intelligence, engaging in preliminary discussions with industry partners but has not yet secured substantial business orders [1] - The company has experienced profit fluctuations due to multiple non-sustainable factors, including raw material and energy price volatility, but has shown improvement in customer and product transformation efforts, achieving a gross margin of 26.22% in the first half of 2025 [1] - Revenue decline in the first half of 2025 is attributed to the uneven recovery of the real estate sector, tariff policy adjustments, and domestic consumption market disparities, although the company continues to optimize its business layout and product structure [1] Business Segments - In the functional footwear materials segment, the company has established strategic partnerships with major sports brands, including Nike, and is expanding its client base with new certifications, such as New Balance, expected to convert into orders next year [2] - The automotive interior segment, although entered later, has shown competitive advantages with products being applied in various mainstream automotive brands, particularly in the new energy vehicle sector, indicating significant future growth potential [2] - The electronics segment has a broad coverage of well-known consumer electronics brands, with deepening collaborations with Apple and growth with Samsung and Beats, while also actively pursuing new brand partnerships [2] Operational Strategies - The company employs refined supply chain management to create dynamic procurement plans and implements a "quality and price comparison + competitive selection" procurement mechanism [3] - Emphasis on digital transformation is evident, with investments in automation, information technology, and smart factory construction aimed at enhancing operational efficiency [3]

每经AI快讯，安利股份（SZ 300218，收盘价：18.27元）发布公告称，2025年10月13日，安利股份接受 中泰证券等投资者调研，公司董事会秘书、副总经理刘松霞等人参与接待，并回答了投资者提出的问 题。 2024年1至12月份，安利股份的营业收入构成为：人造革合成革占比98.35%，其他业务占比1.65%。 截至发稿，安利股份市值为40亿元。 每经头条（nbdtoutiao）——AI技术滥用调查：明星可被"一键换装"，"擦边"内容成流量密码，技术防 线为何形同虚设？ （记者 王晓波） ...

Group 1: Company Overview and Market Position - The company is actively exploring the field of embodied intelligence, with research and development in early stages and no substantial business orders yet [2] - Recent profit fluctuations are attributed to non-continuous factors such as raw material price volatility, external environmental changes, and initial depreciation costs from the construction of the Anli Industrial Park [3] - The company has seen an increase in brand clients and a rise in high-margin, high-value-added products, enhancing its core competitiveness [3] Group 2: Financial Performance - In the first half of 2025, the company's gross profit margin was 26.22%, with an average sales price increase of 7.4% year-on-year, indicating strong pricing power and improved profitability [3] - Revenue decline in the first half of 2025 was due to multiple factors, including slower-than-expected recovery in the real estate sector and uneven domestic consumption market recovery [3] Group 3: Product Categories and Client Relationships - The company has established strong partnerships with major sports brands like Nike, Adidas, and Puma, which are expected to support future performance growth [4] - The company is focusing on TPU composite materials for functional footwear, which align with current trends in sports and leisure footwear [4] - In the automotive interior segment, the company has made progress with major brands like BYD and Toyota, with expectations for further growth as demand for automotive interior materials increases [6] Group 4: Supply Chain and Digital Transformation - The company employs refined supply chain management and digital upgrades to enhance operational efficiency and meet diverse customer needs [7][8] - It has implemented a dynamic procurement plan and a competitive procurement mechanism to balance cost and reliability in raw material sourcing [7] - The company has been recognized as a national model enterprise for the integration of information technology and manufacturing, highlighting its commitment to digital transformation [8]

Core Viewpoint - Amway Co., Ltd. experienced a decline in stock price, with a drop of 5.49% on October 13, 2023, closing at 17.72 CNY per share, reflecting a market capitalization of 3.845 billion CNY [1] Company Overview - Amway Co., Ltd. is located in Hefei, Anhui Province, and was established on July 12, 1994, with its stock listed on May 18, 2011. The company specializes in the research, production, and sales of ecological functional polyurethane synthetic leather and polyurethane composite materials [2] - The main business revenue composition includes ecological functional synthetic leather (94.05%), ordinary synthetic leather (4.26%), and other (1.68%) [2] - The company belongs to the Shenwan industry classification of basic chemicals - plastics - other plastic products, and is associated with concepts such as sports industry, football concept, small-cap, World Cup, and glory concept [2] Stock Performance - Year-to-date, Amway's stock price has increased by 16.93%, but it has seen a decline of 4.27% over the last five trading days and a drop of 17.62% over the last 20 days. In contrast, the stock rose by 18.93% over the last 60 days [2] Financial Performance - For the period from January to June 2025, Amway reported a revenue of 1.099 billion CNY, a year-on-year decrease of 2.40%, while the net profit attributable to shareholders was 93.2516 million CNY, reflecting a year-on-year increase of 0.91% [2] Shareholder Information - As of September 19, 2025, the number of shareholders of Amway was 16,200, an increase of 8.92% from the previous period, with an average of 13,353 circulating shares per shareholder, a decrease of 8.19% [2] - The company has distributed a total of 341 million CNY in dividends since its A-share listing, with 131 million CNY distributed over the past three years [3] Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders, Guotai Junan's various funds hold significant positions, with some funds increasing or decreasing their holdings compared to the previous period [3]

Core Points - Amway Co., Ltd. experienced a stock price decline of 2.04% on September 25, trading at 18.76 CNY per share with a market capitalization of 4.071 billion CNY [1] - The company has seen a year-to-date stock price increase of 23.80%, but has declined by 5.06% in the last five trading days and 26.43% over the past 20 days [2] - The main business of Amway involves the research, production, and sales of ecological functional polyurethane synthetic leather and composite materials, with 94.05% of revenue coming from ecological functional synthetic leather [2] Financial Performance - For the first half of 2025, Amway reported a revenue of 1.099 billion CNY, a year-on-year decrease of 2.40%, while net profit attributable to shareholders was 93.2516 million CNY, reflecting a growth of 0.91% [2] - The company has distributed a total of 341 million CNY in dividends since its A-share listing, with 131 million CNY distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 8.92% to 16,200, with an average of 13,353 circulating shares per person, a decrease of 8.19% [2] - Notable changes in institutional holdings include a decrease of 2.5 million shares for the third-largest shareholder and an increase of 82,000 shares for the sixth-largest shareholder [3]