证券代码：300877 证券简称：金春股份 公告编号：2025-072 安徽金春无纺布股份有限公司 关于召开 2025 年第二次临时股东会的通知 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、召开会议的基本情况 1、股东会届次： 2025 年第二次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所创业板股 票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号—创业板上市公司规范运作》 等法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2025 年 11 月 04 日 7、出席对象： （1）截至 2025 年 11 月 4 日（星期二）（股权登记日）下午收市时，在中国证券登记结 算有限责任公司深圳分公司登记在册的公司全体股东均有权出席股东会。不能亲自出席股 东会现场会议的股东可以书面委托代理人出席会议并参加表决（该股东代理人不必是公司 的股东，授权委托书格式见附件二）； （2）公司董事、监事和高级管理人员； ...

证券代码：300877 证券简称：金春股份 公告编号：2025-067 安徽金春无纺布股份有限公司 本公司及监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、会议召开情况 安徽金春无纺布股份有限公司（以下简称"公司"）第四届监事会第九次会 议通知于 2025 年 10 月 21 日以电子邮件方式送达，并于 2025 年 10 月 24 日以现 场方式召开。本次会议由公司监事会主席卞勇先生主持，本次应出席的监事 3 名，实际出席会议的监事 3 名。本次会议的召集、召开和表决程序符合《公司法》 和《安徽金春无纺布股份有限公司章程》（以下简称"《公司章程》"）的有关 规定。 二、会议议案审议情况 与会监事审议并通过了以下议案： 1、审议通过了《2025 年第三季度报告》 经审议，监事会认为：公司董事会编制和审核的《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 反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 具体内容详见公司同日披露于巨潮资讯网（w ...

Core Viewpoint - The company plans to initiate futures hedging business to mitigate the impact of raw material price fluctuations on costs, pending shareholder approval [1] Group 1: Business Strategy - The board and supervisory board meeting is scheduled for October 24, 2025, to review the proposal for futures hedging [1] - The hedging will focus on polyester staple fiber, wood pulp, and upstream raw materials [1] - The maximum margin for this operation will not exceed 50 million yuan, valid for 12 months from the date of shareholder approval, and can be reused [1] Group 2: Financial Management - The company will utilize its own funds for this operation, emphasizing that the intention is not speculative [1] - Despite the non-speculative nature, the company acknowledges the inherent risks in the futures market and has established corresponding risk control measures [1]

证券代码：300877 证券简称：金春股份 公告编号：2025-066 安徽金春无纺布股份有限公司 第四届董事会第九次会议决议公告 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，没有任何虚 假记载、误导性陈述或重大遗漏。 一、会议召开情况 安徽金春无纺布股份有限公司（以下简称"公司"）第四届董事会第九次会议通知 于 2025 年 10 月 21 日以电子邮件方式送达，并于 2025 年 10 月 24 日以现场结合通讯方 式召开。公司应出席会议董事 9 人，实际出席会议的董事共 9 名，会议由董事长杨如新 先生主持。本次会议的召集、召开程序符合有关法律法规以及《安徽金春无纺布股份有 限公司章程》（以下简称"《公司章程》"）的规定。 二、会议议案审议情况 与会董事审议并通过了以下议案： 1、审议通过了《2025 年第三季度报告》 经审核，董事会认为公司 2025 年第三季度报告的编制和审核的程序符合法律、行 政法规和中国证监会的规定，报告内容真实、准确、完整地反映了公司经营的实际情况， 不存在任何虚假记载、误导性陈述或者重大遗漏。 本议案已经公司董事会审计委员会审议通过。 具体内容详见公司同日披露于 ...

金春股份公告，第三季度营收为2.5亿元，同比下降6.97%；净利润为5843.13万元，同比增长436.14%。 前三季度营收为7.72亿元，同比增长0.03%；净利润为7385.15万元，同比增长484.69%。 ...

Revenue and Profitability - The company's revenue for Q3 2025 was ¥250,233,555.73, representing a decrease of 6.97% compared to the same period last year[4] - Net profit attributable to shareholders increased significantly by 436.14% to ¥58,431,291.37 for the quarter[4] - The basic earnings per share rose by 390.00% to ¥0.49, while diluted earnings per share also increased by the same percentage[4] - Total operating revenue for the current period reached ¥772,321,104.35, a slight increase from ¥772,123,217.43 in the previous period, reflecting a growth of 0.03%[16] - Net profit for the current period was ¥73,747,544.21, significantly up from ¥12,571,213.01, marking an increase of 487.5%[17] - Earnings per share (EPS) improved to ¥0.62 from ¥0.11, indicating a substantial growth in profitability[18] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,943,702,160.80, marking a 6.77% increase from the end of the previous year[4] - The company’s equity attributable to shareholders increased by 5.60% to ¥1,667,942,173.95 compared to the previous year[4] - The company’s total liabilities amounted to CNY 274,863,965.90, up from CNY 239,166,603.53, which is an increase of about 15%[14] - The company’s non-current assets totaled CNY 774,298,346.86, an increase from CNY 689,371,458.62, reflecting a growth of approximately 12.3%[14] - The company’s total current assets reached CNY 1,169,403,813.94, slightly up from CNY 1,131,153,426.00, indicating a growth of about 3.37%[13] Cash Flow - The company reported a net cash flow from operating activities of -¥210,382,731.61, a decline of 261.72% compared to the previous year[8] - Cash flow from operating activities showed a net outflow of ¥210,382,731.61, worsening from a net outflow of ¥58,162,177.13 in the previous period[18] - The total cash inflow from investment activities was ¥1,124,202,876.72, down from ¥1,371,225,056.57, reflecting a decrease of 18%[18] - Net cash flow generated from investment activities increased to $275,564,422.93 from $138,707,321.70, representing a growth of about 99%[19] - Cash inflow from financing activities totaled $204,509,973.80, up from $116,452,482.21, marking an increase of approximately 75%[19] - Net cash flow from financing activities improved to $44,686,170.01 from a negative $17,965,585.13, indicating a turnaround[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,653, with the largest shareholder holding 50.44% of the shares[9] - The company approved the 2025 Employee Stock Ownership Plan, transferring 3,662,209 shares, which represents 3.05% of the total share capital[11] Financial Performance Metrics - The company’s financial assets saw a fair value change gain of ¥60,301,546.67, a substantial increase of 908.80% year-on-year[8] - The fair value change income improved to ¥60,301,546.67 from a loss of ¥7,455,658.76, indicating a positive turnaround in financial performance[17] - The company reported a significant increase in other income, which rose to ¥12,113,521.70 from ¥8,341,100.93, an increase of 45.5%[16] Inventory and Receivables - Accounts receivable rose significantly to CNY 186,538,729.07 from CNY 72,040,813.90, marking an increase of approximately 159.8%[13] - Inventory levels increased to CNY 128,822,626.88 from CNY 82,103,310.88, indicating a growth of around 56.9%[13] Management and Expenses - The company’s management expenses rose by 51.16% to ¥23,624,172.53 due to increased share-based payment expenses related to the employee stock ownership plan[8] Audit Information - The company did not undergo an audit for the third quarter financial report[20]

Core Insights - The company Jin Chun Co., Ltd. reported that as of October 20, 2025, the number of shareholders is 11,058 [2] Company Information - Jin Chun Co., Ltd. engaged with investors on an interactive platform to provide updates on shareholder numbers [2] - The company is actively communicating with its investors, indicating a focus on transparency and shareholder engagement [2]

Core Insights - Jin Chun Co., Ltd. (300877) reported a net financing purchase of 1.5394 million yuan on October 20, 2025, with a financing balance of 248 million yuan, marking a continuous net purchase of 11.2358 million yuan over the last three trading days [1][2]. Financing Activity Summary - On October 20, 2025, the net financing purchase was 1.5394 million yuan, with a financing balance of 248 million yuan, representing 6.57% of the circulating market value [2]. - The financing balance increased by 0.62% from the previous day, reflecting a net increase of 1.5393 million yuan [3]. - The financing activities over the past few days show a trend of increasing net purchases, with the highest net purchase recorded on October 15, 2025, at 6.7697 million yuan [2][3]. Margin Trading Knowledge - Current requirements for individual investors to participate in margin trading include having at least six months of trading experience and an average account asset of 500,000 yuan over the last 20 trading days [4]. - The number of margin trading stocks on the Shanghai Stock Exchange is set to increase from 800 to 1,000, while the Shenzhen Stock Exchange will expand its eligible stocks from 800 to 1,200 [4].

Overview - The non-woven fabric industry in China is experiencing a recovery, with production expected to reach 8.56 million tons in 2024, a year-on-year increase of 5.1%, marking the largest growth since 2020 [9][25] - The industry is seeing a shift towards high-end and sustainable materials, with the penetration rates of viscose, cotton, and blended materials increasing significantly [30][32] - The industry’s prosperity index has improved from 57.3 at the end of 2022 to 68.4 in the first eleven months of 2024, indicating a positive trend in revenue and profit growth for major companies [9][34] Product Segmentation - The main production processes for non-woven fabrics in 2024 are spunbond (45.3%), needle-punched (21.6%), and spunlace (19.4%), which together account for 86% of the market [26][28] - Spunlace non-woven fabrics are expected to grow by 8.1% year-on-year in 2024, primarily used for wet wipes and toilet paper, while thermal bonded non-woven fabrics are projected to grow by 7.9% [9][28] Market Dynamics - The domestic market is the core consumption area, with a projected increase in domestic sales of non-woven fabrics by 3% in 2024, surpassing 7.14 million tons [52] - Exports are expected to outperform domestic sales, driven by the recovery of the disposable cleaning products market and increasing demand from Southeast Asia [52] Competitive Landscape - The industry is characterized by low concentration, with over 85% of companies being small to medium-sized enterprises, while major players like Nobon, Yanjing, and Jinchun hold less than 1% market share each [10][41] - The competition is intensifying, particularly in the high-end product segments, as consumer demand shifts towards higher quality and sustainable options [41][44] Policy and Brand Strategies - Recent policies in the UK and EU are pushing for a transition to plastic-free products, which may benefit companies capable of producing compliant materials [12] - Major brands are adopting procurement strategies that favor suppliers with strong capabilities in non-plastic materials, enhancing China's competitive edge in the Asia-Pacific and emerging markets [12][51]

Core Insights - The textile manufacturing sector experienced a decline of 1.95% on October 16, with Jin Chun Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3916.23, up 0.1%, while the Shenzhen Component Index closed at 13086.41, down 0.25% [1] Sector Performance - The textile manufacturing sector saw a net outflow of 157 million yuan from main funds, while retail investors contributed a net inflow of 112 million yuan [2] - Key stocks in the sector included: - Yingfeng Co. (605055) with a closing price of 11.51, up 4.26% [1] - Jin Chun Co. (300877) with a closing price of 33.00, down 9.79% [2] - Yunzhongma (603130) with a closing price of 47.89, up 1.76% [1] Fund Flow Analysis - Main funds showed a net outflow in several stocks, including: - Yunzhongma with a net outflow of 21.97 million yuan [3] - Xinlong Holdings (000955) with a net inflow of 13.54 million yuan [3] - Retail investors showed varied interest, with significant inflows into stocks like Xinlong Holdings and outflows from Yunzhongma [3]