航民股份：公司直接的客户是坯布贸易商，而不是终端服装品牌

Core Viewpoint - The company, Hangmin Co., Ltd. (stock code: 600987), primarily engages in indirect exports, accounting for approximately 60% of its business, with direct clients being fabric traders rather than end clothing brands [1] Group 1 - The company has established a supply chain system by integrating into the networks of internationally recognized brands through factory verification based on overseas customer demands [1]