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。 铜陵洁雅生物科技股份有限公司 关于注销部分募集资金现金管理专用结算账户的公告 证券代码：301108 证券简称：洁雅股份 公告编号：2026-015 一、募集资金现金管理专用结算账户的开立情况 因开展募集资金现金管理的需要，根据《上市公司募集资金监管规则》的相 关规定，铜陵洁雅生物科技股份有限公司（以下简称"公司"）在中信证券股份 有限公司、华泰证券股份有限公司、申万宏源证券有限公司及国元证券股份有限 公司分别开立了现金管理专用结算账户，专用于募集资金购买理财产品的结算， 不得用于存放非募集资金或用作其他用途。具体内容详见公司在巨潮资讯网 （www.cninfo.com.cn）披露的《关于开立闲置募集资金现金管理专用结算账户的 公告》（公告编号：2022-002、2022-005、2022-043、2022-065）。 二、募集资金现金管理专用结算账户的注销情况 铜陵洁雅生物科技股份有限公司董事会 2026 年 3 月 25 日 鉴于上述专用结算账户相关的理财产品已全部赎回且无后续使用计划，账户 内资金已全部转回 ...

Investment Rating - The industry investment rating is "Positive" and maintained [10] Core Viewpoints - The overall demand for sports footwear and apparel remains weak, with no clear turning point observed in January orders. Retail performance in the US and UK shows some resilience, while demand in continental Europe and Japan remains weak. Growth is primarily driven by high-end consumption, with mass apparel recovery expected to take more time. Export performance is improving in Vietnam, while China's export remains under pressure [2][6][24] - The upstream manufacturing sector shows strong performance certainty, with retail sales of apparel brands improving. The US Supreme Court's rejection of Trump's tariff policy is favorable for the manufacturing sector. The performance of upstream manufacturing is expected to be more certain in the first half of 2026, while the downstream sports supply chain is on a recovery path. Retail sales growth for apparel brands in January and February is promising, and sentiment in the sector is likely to improve [7][32] Summary by Sections Manufacturing Performance - In January, the revenue growth for major footwear manufacturers varied: Yuanyuan Group's revenue increased by 0.6% year-on-year, while Fengtai's revenue decreased by 1.8%, Zhijiang International's by 3.3%, and Yuchi-KY's by 5.1%. For apparel manufacturers, Ruhong's revenue grew by 7.6%, while Juyang's revenue fell by 19.2% [5][17] Demand Analysis - Retail demand in January showed resilience in the US and UK, with the US maintaining low positive growth and the UK showing relative stability. France's retail remains near zero growth, Germany shows some recovery, while Japan's growth is significantly weakening. The US consumer confidence index continues to decline, indicating that growth is mainly supported by high-end consumption, with mass apparel consumption recovery lagging [6][24][27] Upstream and Downstream Insights - The manufacturing sector is expected to recover in 2026, with strong performance certainty driven by rising material prices. Recommended stocks include Xin'ao Co. and others with strong earnings potential. The A-share market is expected to see continued destocking in 2025, with a potential for profit optimization in 2026. Recommended stocks include Mercury Home Textiles and others focusing on high-end apparel [32][33]

Investment Rating - Industry rating: Recommended [5] Core Insights - The report highlights significant growth in the textile and apparel industry, with major companies like On Running and Adidas reporting record sales and profits for 2025. On Running's net sales reached 3.014 billion Swiss Francs, a 30% increase year-on-year, while Adidas reported global revenue of 24.8 billion Euros, a 13% increase [2][3]. Summary by Sections Company Performance - On Running's net sales for 2025 reached 3.014 billion Swiss Francs, a 30% increase year-on-year, with a net profit of 203 million Swiss Francs, down 15.9%. The gross margin improved to 62.8% [2]. - Adidas achieved a record global revenue of 24.8 billion Euros, up 13% year-on-year, with operating profit increasing by 54% to 2.06 billion Euros and net profit rising over 70% to 1.34 billion Euros [3]. Regional Performance - On Running's sales in the Asia-Pacific region surged by 96.4% to 511 million Swiss Francs, while EMEA sales increased by 32% to 763 million Swiss Francs, and Americas sales rose by 17.6% to 1.740 billion Swiss Francs [2]. - Adidas reported a 13% increase in Greater China sales to 3.62 billion Euros, marking eleven consecutive quarters of growth, with a 15% increase in Q4 [3]. Product Category Performance - On Running's apparel sales grew by 68.2% to 170 million Swiss Francs, accessories by 124.1% to 37 million Swiss Francs, and footwear by 27.5% to 2.804 billion Swiss Francs [2]. - Adidas saw footwear revenue increase by 12% to 1.423 billion Euros, with running business revenue growing over 30% [3]. Financial Health - On Running reported a cash reserve exceeding 1 billion Swiss Francs and an operating cash flow of 359.5 million Swiss Francs [2]. - Adidas improved its operating expense ratio from 34.2% to 31.4%, with inventory rising by 70% as part of preparations for 2026 growth [3]. Future Guidance - On Running expects net sales to grow at least 23% in 2026, with a gross margin of no less than 63% and an adjusted EBITDA margin of 18.5%-19% [2]. - Adidas anticipates near double-digit revenue growth in 2026, with a focus on key markets and product categories, projecting an operating profit of around 2.3 billion Euros [3]. Investment Recommendations - The report recommends several companies based on current market conditions, including Baolong Oriental, New Australia, and Fuchun Dyeing & Weaving in the manufacturing sector, and Jin Hong Group, Ge Li Si, and Luo Lai Life in the brand sector [4][17].

证券代码：301108 证券简称：洁雅股份 公告编号：2026-014 铜陵洁雅生物科技股份有限公司 关于全资子公司完成工商变更登记并换发营业执照的公告 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。 铜陵洁雅生物科技股份有限公司（以下简称"公司"）于近日收到全资子公 司洁雅生物科技（厦门）有限责任公司（以下简称"厦门子公司"）的通知，根 据经营发展需要，厦门子公司对其住所进行了变更，已完成相关工商变更登记及 备案手续，并取得了厦门市市场监督管理局换发的《营业执照》。相关信息如下： 类型：有限责任公司（自然人投资或控股的法人独资） 法定代表人：蔡英传 注册资本：10,000万元人民币 成立日期：2025年11月21日 住所：中国（福建）自由贸易试验区厦门片区象兴一路15号自贸法务大楼601 室H 经营范围：一般项目：科技推广和应用服务；新材料技术研发；卫生用品和 一次性使用医疗用品销售；机械设备租赁；租赁服务（不含许可类租赁服务）； 贸易经纪；国内贸易代理；以自有资金从事投资活动；信息咨询服务（不含许可 一、工商变更登记事项 变更事项 变更前 变更后 住所 中 ...

Group 1 - The core point of the article highlights the stock buyback and sell-off activities of various A-share listed companies on February 27, with a specific focus on the proposed share buyback by Bi Yin Le Fen and the planned sell-offs by 14 other companies [1][3][4]. Group 2 - Bi Yin Le Fen's controlling shareholder and its concerted parties plan to increase their holdings in the company by 100 million to 200 million yuan [2][4]. - The following companies have announced share sell-offs: - Shengke Communication plans to reduce its stake to 13% by the National Integrated Circuit Industry Investment Fund [5]. - *ST Dazheng intends to sell no more than 1% of its shares [5]. - Changsheng Co. plans to reduce its stake by no more than 3% [5]. - Jiazhe New Energy's shareholder GLP Renewable Energy aims to sell no more than 3% of its shares [5]. - Runhe Software intends to sell no more than 487,970 shares that have been repurchased [5]. - Shenghui Integration's shareholder Suzhou Haohui plans to reduce its stake by no more than 1% [5]. - Zhenghai Biological's shareholder Longwood intends to sell no more than 2% of its shares [5]. - Wuhan Tianyuan's shareholder Tianyuan Advantage plans to reduce its stake by no more than 1.93% [5]. - Changhua Chemical intends to sell no more than 1.4443 million shares [5]. - Meilian New Materials' shareholders plan to collectively reduce their stake by no more than 4% [5]. - Fangda Special Steel's shareholder Xu Huigong intends to sell no more than 1% of its shares [5]. - Riying Electronics' controlling shareholder is planning to reduce its stake by no more than 3% [5]. - Juguang Technology's controlling shareholder and actual controller plan to sell no more than 0.5564% of their shares [5]. - Jieya Co.'s shareholders Mingyuan Fund and its concerted parties plan to collectively reduce their stake by no more than 4.99% [5].

Group 1 - The controlling shareholder of Biyin Lefen, Xie Yang, plans to increase his stake by no more than 2% [1] - Shareholders of Meilian New Materials intend to collectively reduce their holdings by no more than 4% of the company's shares [1] - Shareholders of Jieya Co. plan to reduce their holdings by no more than 4.99% of the company's shares [1] Group 2 - The actual controller of Riying Electronics, Shi Rongzhu, intends to reduce his stake by 3% [1] - The controlling shareholder of Juguang Technology, Liu Xingsheng, plans to reduce his holdings by no more than 0.5564% [1]

Group 1 - The core point of the article is that major shareholders of Jieya Co., Ltd. plan to reduce their holdings through a centralized bidding process within a specified timeframe [1] - The shareholders involved are the Tongling Mingyuan Circular Economy Industry Venture Capital Fund Center and its acting in concert partner, Suzhou Industrial Park Zhongyi Mingyuan Venture Capital Center [1] - The planned reduction involves a maximum of 5.6166 million shares, which represents up to 4.99% of the company's total share capital [1]

Major Announcements - Cambrian reported a net profit of 2.059 billion yuan for 2025, turning around from a loss of 450 million yuan in the previous year, with total revenue reaching 6.497 billion yuan, a year-on-year increase of 453.21% [12] - Moer Thread achieved total revenue of 1.506 billion yuan in 2025, marking a year-on-year growth of 243.37%, although it still reported a net loss of 1.024 billion yuan [13] - Zhongji Xuchuang's net profit for 2025 grew by 108.81% year-on-year, reaching 10.799 billion yuan, with total revenue of 38.24 billion yuan, up 60.25% [14] Company Performance Reports - Xirong Environment proposed a cash dividend of approximately 2.35 yuan per 10 shares for 2025, based on a payout ratio of 35% of the net profit attributable to shareholders [2] - Jietu's optical connection business is still in its early stages, contributing less than 5% to total revenue, with growth dependent on various market factors [3] - Zhongying Technology plans to acquire at least 51% of Yingzhong Electric, which specializes in insulation fiber materials [4] - Xibu Superconductor's subsidiary, Juneng Magnet, will be listed on the National Equities Exchange and Quotations starting March 2, 2026 [5] - Ingrity Media announced that some of its bank accounts have had their funds unfrozen, allowing normal operations to resume [6][7] - Dayun Technology plans to establish a joint venture to enhance its semiconductor testing capabilities, with a registered capital of 11 million yuan [7] Financial Highlights - Huazhong Technology reported a net profit of 1.36 billion yuan for 2025, a decrease of 31.19%, despite total revenue increasing by 55.85% to 18.616 billion yuan [36] - Jiangfeng Electronics achieved a net profit of 481 million yuan, up 20.15%, with total revenue of 4.605 billion yuan, a 27.75% increase [20] - Ninebot Company reported a net profit of 1.755 billion yuan, a year-on-year increase of 61.84%, with total revenue of 21.325 billion yuan, up 50.22% [24] - Weicai Technology's net profit reached 300 million yuan, a 134% increase, with total revenue of 1.575 billion yuan, up 46.22% [25] - Dalian Heavy Industry reported a net profit of 588 million yuan, an 18.17% increase, with total revenue of 15.501 billion yuan, up 8.54% [26]

Investment Rating - The industry rating is "Recommended" [6] Core Insights - Amer Sports reported Q4 and full-year results for 2025, exceeding market expectations with revenue and net profit growth of 27% and 489% respectively, with Greater China revenue increasing by 43.4% [3][15] - Jiangnan Buyi's FY2026H1 revenue, net profit, and operating cash flow were 3.376 billion, 676 million, and 996 million CNY, reflecting year-on-year growth of 7.0%, 11.9%, and 21.1% respectively [4][16] - The report highlights a strong expectation for upstream price increases in manufacturing, particularly for wool and cotton, with recommendations for specific companies benefiting from these trends [5][17] Summary by Sections Company Performance - Amer Sports' brand performance showed significant growth, with Arc'teryx, Salomon, and Wilson revenues increasing by 30%, 31%, and 13% respectively [3][15] - Jiangnan Buyi declared an interim dividend of 0.52 HKD per share, yielding a 5.18% dividend rate [4][16] Market Trends - The report notes a strong expectation for price increases in raw materials, including wool and cotton, with recommendations for companies like Baolong Oriental and New Australia [5][17] - The easing of tariffs is expected to positively impact the industry, with a potential reduction of 5%-10% in tariffs on Chinese goods exported to the U.S. [4][16] Online Sales Data - Sales data from Taobao and Tmall for January 2026 showed a year-on-year increase in sportswear sales by 15.81%, indicating a recovery in consumer demand [5][17] - The outdoor category saw significant growth, with sales for outdoor climbing and camping gear increasing by 25.63% [5][17] Raw Material Prices - As of February 27, 2026, the Chinese cotton price index rose to 16,731 CNY/ton, reflecting a 3.88% increase [8][32] - Wool prices have increased by 4.13% year-to-date, with the Australian wool market index at 1,716 AUD/kg [8][39] Export Data - In 2025, textile and apparel exports decreased by 2.26% year-on-year, with textile exports growing by 0.5% and apparel exports declining by 5% [51][52] - Vietnam's footwear exports showed a positive trend, with a year-on-year increase of 7.79% in January 2026 [60][61]

Group 1: Company Performance - Cambrian achieved a net profit of 2.059 billion yuan in 2025, turning a profit due to a significant increase in revenue, which reached 6.497 billion yuan, a 453.21% increase year-on-year [1] - Muxi reported a total revenue of 1.644 billion yuan in 2025, a 121.26% increase, with net losses narrowing by 44.53% to 781.45 million yuan [2] - Moer Thread's revenue grew by 243.37% to 1.506 billion yuan in 2025, with net losses reduced by 36.70% to 1.024 billion yuan [3] - Lingdian Electric Control's net profit increased by 745.02% to 135 million yuan, despite a slight revenue decrease of 0.17% to 1.194 billion yuan [4] - JinkoSolar reported a net loss of 6.786 billion yuan in 2025, a decrease of 6,959.50%, with total revenue falling by 29.18% to 65.492 billion yuan [16] Group 2: Corporate Actions - Huicheng is planning to issue H-shares and list on the Hong Kong Stock Exchange, with details still under discussion [5] - Zhongying Technology is planning to acquire at least 51% of Yingzhong Electric, which is expected to constitute a major asset restructuring [7] - Jierong Technology's actual controller is under investigation for suspected violations of information disclosure laws [6] Group 3: Market and Industry Trends - The AI industry is driving demand for computing power, benefiting companies like Cambrian and Moer Thread, which are expanding their market presence [1][3] - Muxi's GPU product shipments have significantly increased, reflecting strong market recognition and demand [2] - The global photovoltaic industry is facing price fluctuations and trade protection policies, impacting JinkoSolar's profitability [16]