Core Viewpoint - The company, Intertek Textile (01382.HK), anticipates a significant decline in profit for the six months ending September 30, 2025, with expected earnings between approximately HKD 72 million and HKD 82 million, compared to HKD 106.9 million for the same period last year [1] Group 1: Profit Forecast - The company's projected profit for the upcoming reporting period is significantly lower than the previous year, indicating a decrease of approximately 32% to 33% [1] - The anticipated profit range for the reporting period is between HKD 72 million and HKD 82 million [1] Group 2: Factors Contributing to Profit Decline - A major factor for the profit decline is a sharp decrease in sales orders, particularly between April and June 2025, due to the U.S. imposing a substantial tariff increase on goods imported from Vietnam, raising it to 46% [1] - The low utilization rate of production facilities has led to higher fixed cost amortization, further impacting profitability [1] Group 3: Recovery Indicators - The impact of the U.S. import tariffs began to diminish from July 2025, with the tariff rate subsequently reduced to 20% [1] - Sales order levels have returned to the levels seen in March 2025, and the utilization rate of the two Vietnamese factories has rebounded to between 80% and 90% [1]

Core Viewpoint - The textile industry in China is undergoing a green transformation driven by the launch of a new research project focused on bio-based fibers, aligning with national carbon neutrality goals and addressing industry challenges [1][2]. Group 1: Project Overview - The project aims to develop a new evaluation system for bio-based fibers, addressing issues such as performance instability and high production costs, which are approximately 30% higher than traditional fibers [1]. - The initiative is part of the "Textile Industry Quality Improvement Implementation Plan (2023-2025)" issued by multiple government departments, emphasizing the need for a low-carbon transition in the textile sector [1]. Group 2: Technological Innovations - The project will enhance the strength of bio-based fibers to match that of fossil-based fibers through molecular design optimization and improved processing techniques, potentially reducing production costs by over 20% [2]. - It will also establish performance evaluation standards for bio-based fibers and carbon footprint accounting, filling a significant gap in domestic standards and aligning with international regulations [2]. Group 3: Collaborative Model - The project will integrate resources from over 20 research institutions and 30 key enterprises, forming a collaborative network of monitoring agencies, universities, leading companies, and downstream application sectors to accelerate technology transfer [2]. Group 4: Expected Outcomes - The application of project results is expected to significantly reduce carbon emissions in the textile industry by over 10 million tons annually and drive the growth of the bio-based fiber industry by over 50 billion [2]. - The project will facilitate the upgrade of traditional textile products towards low-carbon and environmentally friendly options, meeting the growing consumer demand for sustainable products [2]. Group 5: Future Plans - The project is set to complete core technology development and standard system construction within two years, with plans to initiate over 10 large-scale application demonstration projects across various sectors [3]. - This initiative marks a new phase in the development of China's bio-based fiber industry, contributing to global sustainable textile development [3].

数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 2025年1-9月，纺织业企业数（以下数据涉及的企业，均为规模以上工业企业，从2011年起，规模以上 工业企业起点标准由原来的年主营业务收入500万元提高到年主营业务收入2000万元）为21357个，和上 年同期相比，增加了327个，同比增长1.55%，占工业总企业的比重为4.09%。 2016-2025年1-9月纺织业企业数统计图 上市公司：鲁泰Ａ（000726），华茂股份（000850），欣龙控股（000955），伟星股份（002003），华 孚时尚（002042），南山智尚（300918），华利集团（300979），万事利（301066），华升股份 （600156），迎丰股份（605055），华生科技（605180），富春染织（605189） 相关报告：智研咨询发布的《2025-2031年中国纺织行业发展战略规划及投 ...

Core Points - The article highlights the significant role of the "Z Generation" in enhancing China-Central Asia cooperation, particularly under the Belt and Road Initiative, showcasing their contributions across various sectors [1][2][3][4] Group 1: Economic Cooperation - During the "14th Five-Year Plan" period, China and Central Asian countries have achieved substantial economic cooperation and connectivity, with ongoing deepening of collaboration in various fields [1] - The "Horgos Gateway" dry port in Kazakhstan has seen its container handling capacity increase from 20,000 TEUs in 2015 to 324,000 TEUs in 2024, establishing itself as a crucial transshipment hub for the China-Europe freight trains [1] Group 2: Youth Contributions - Young professionals like Nazila Jumabekova, a translator at the Horgos dry port, actively contribute to enhancing Sino-Kazakh friendship and logistics [1] - Jamshid Fayziyev, a local brand specialist at Yutong Bus in Uzbekistan, emphasizes the importance of youth involvement in fostering bilateral relations and acknowledges the positive impact of Chinese enterprises on Uzbekistan's economy [2] - Arslan Kurbancreychev, a translator for CRRC Ziyang Locomotive Co., expresses his aspiration to bridge communication between Chinese companies and Turkmen clients, highlighting the supportive environment for learning and growth [3] - Other young professionals, such as Muslimm Kayumov and Aigul Nurlankize, are also engaged in translation and education roles, contributing to the cultural exchange and cooperation between China and Central Asian countries [3][4]

Group 1 - The core point of the article highlights the recent performance of Fengzhu Textile, which has seen a 7.1% increase in stock price, reaching 8.00 CNY per share, with a total market capitalization of 2.176 billion CNY [1] - Fengzhu Textile has experienced a continuous rise in stock price for five consecutive days, accumulating a total increase of 7.02% during this period [1] - The company, established in 1991 and listed in 2004, primarily engages in weaving, dyeing and finishing, yarn dyeing, and wastewater treatment, with the main revenue sources being dyeing and finishing products (68.74%), printing (12.40%), dyeing and finishing processing (10.29%), spinning (6.58%), and others (2.00%) [1] Group 2 - From the perspective of major circulating shareholders, the Noan Multi-Strategy Mixed A fund has entered the top ten shareholders of Fengzhu Textile, holding 2.4619 million shares, which accounts for 0.91% of the circulating shares [2] - The fund has reportedly gained approximately 1.3048 million CNY in floating profit today, with a total floating profit of 1.2063 million CNY during the five-day increase [2] - The Noan Multi-Strategy Mixed A fund, established in 2011, has achieved a year-to-date return of 73.16%, ranking 298 out of 8148 in its category, and a one-year return of 77.39%, ranking 206 out of 8053 [2]

11月6日欣龙控股（000955）收盘报6.66元，跌5.26%，当日成交1.02亿元。根据收盘数据统计，该股已 连续2日下跌。前10个交易日资金流向情况：主力资金累计净流出1.55亿元，股价累计上涨18.88%。 董秘最新回复 资金流向 11月6日主力资金净流出1956.29万元；游资资金净流入1317.2万元；散户资金净流入639.1万元。 截至2025年11月6日收盘，欣龙控股(000955)报收于6.66元，下跌5.26%，换手率19.05%，成交量102.49 万手，成交额6.89亿元。 当日关注点 交易信息汇总 股价提醒 投资者： 海南封关的重大政策之一，产品加工增值超过30%即可免税销往内地，公司是否有重视这一 政策，和下游企业合作建厂，寻求代加工的机会？谢谢。 董秘： 感谢您的关切和提问。公司高度重视海南自贸港封关运作所带来的一系列政策和举措对公司生 产经营的影响。依据《海南自由贸易港加工增值免关税货物税收征管暂行办法》第二条，对海南自由贸 易港内鼓励类产业企业生产的含进口料件在海南自由贸易港加工增值达到或超过30%的货物，从海南自 由贸易港进入内地免征进口关税，照章征收进口环节增值税和消费税 ...

中新网绍兴11月6日电 (张益聪)"对欧中关系而言，纺织业发展是双方合作开放的窗口，创造创意是助力 共同进步的催化剂。"6日，第八届世界布商大会在浙江省绍兴市柯桥区启幕，法国前总理、展望与创新 基金会主席、中国"友谊勋章"获得者让·皮埃尔·拉法兰在现场如是说。 本次大会围绕"国际竞合——重构全球纺织价值链新格局"主题，从科技驱动、文化引领、绿色转型、开 放合作等多个维度，深入探讨全球纺织产业价值链重构下的国际供应链协作、前沿科技突破、时尚跨界 引领、绿色经济发展等核心议题。 "欧洲拥有全球标准、生态设计等纺织业优势，而中国及亚洲纺织企业则在原材料、生产规模、面料科 技等方面具有竞争力和吸引力。"Dornbirn－GFC(多恩比恩全球纤维大会)总经理Matthias W. Gluth表 示，在商言商，这不仅是当今世界格局的缩影，还包含着全球纺织业"竞合共生"的未来趋势。 如其所言，本次大会立足柯桥纺织产业策源地辐射全球，充分发挥国际交流平台的桥梁作用，积极推动 国际竞争压力转化为国际合作动能，重构全球纺织价值链。 "柯桥是享誉全球的国际纺都。位于柯桥的中国轻纺城年成交额已经突破4000亿元。"中共绍兴市柯桥区 ...

Core Viewpoint - The company, Lutai A (000726.SZ), is currently experiencing an improvement in order volume for its functional fabric project, leading to an increase in capacity utilization. However, it remains in a loss position due to previously low utilization rates, and it is expected to take time before it becomes a profit growth point. As production increases, the company anticipates further reductions in losses [1]. Group 1 - The functional fabric project has seen a reduction in losses and has established a stable customer base in the first three quarters [3]. - The company is currently assessing the specific progress of capacity release for the functional fabric project [3]. - There are inquiries regarding the order conversion rate and gross margin of core functional products compared to traditional fabrics [3]. Group 2 - The company has indicated that there are no immediate plans for expansion or customer acquisition to drive the project into a new profit growth point [1].

Core Viewpoint - Dongguan Junhong Textile Industrial Co., Ltd. has been established with a registered capital of 500,000 RMB, focusing on various textile manufacturing and related services [1] Group 1: Company Overview - The company is engaged in the manufacturing of synthetic fibers, knitted or crocheted fabrics and their products, industrial textile products, and bio-based materials [1] - It also specializes in the production of high-performance fibers and composite materials, as well as new material technology research and promotion services [1] Group 2: Business Activities - The operational scope includes fabric textile processing, spinning processing, and sales of synthetic fibers, knitted textiles, high-performance fibers, and bio-based materials [1] - The company is involved in internet sales (excluding items requiring special permits), import and export of goods, and technology import and export [1]

In comments submitted to the US Trade Representative’s (USTR) office, NCTO called for measures to preserve the Western Hemisphere co-production chain, improve customs enforcement, and address trade practices it says “threaten domestic jobs and supply chains.” NCTO requested that USMCA-qualifying trade continue to be exempt from International Emergency Economic Powers Act (IEEPA) tariffs, which were imposed to address illegal fentanyl trafficking and migration. In addition, the organisation asked for equi ...