Core Viewpoint - Shenzhen Ge Li Si Apparel Co., Ltd. is set to hold its shareholder meeting on June 16, 2025, with a focus on maintaining shareholder rights and ensuring smooth proceedings [1][2][3]. Meeting Details - The meeting will combine on-site and online voting methods, with specific time slots for voting [1][2]. - The location for the on-site meeting is specified as the 12th floor of the Tai Ran Li Cheng Building, Shenzhen [2]. - The agenda includes the introduction of the meeting, presentation of the board's work report, and voting on various proposals [3][4]. Company Performance - In 2024, the company achieved a revenue of 3.036 billion yuan, marking a year-on-year increase of 4.14% [5][9]. - The domestic market saw significant growth, particularly for brands like ELLASSAY, self-portrait, Laurèl, and IRO, with self-portrait brand revenue surpassing 500 million yuan, growing by 21% [5][9]. - Online sales also experienced a substantial increase, with a 32% year-on-year growth, and online sales accounted for 17.4% of total revenue [9][10]. Market Trends - The apparel industry is witnessing a trend towards high-end brand consolidation, with market share increasingly concentrated among leading companies [6][7]. - Younger consumers are driving a shift towards emotional and personalized consumption, with brands needing to appeal to multiple age groups [7][8]. - The rise of new technologies and platforms is enhancing industry efficiency, necessitating brands to adapt to digital transformation [8][10]. Strategic Initiatives - The company is focusing on digital transformation and AI technology to improve operational efficiency and enhance customer engagement [10][12]. - Sustainability initiatives are being prioritized, with efforts to reduce carbon emissions and promote eco-friendly practices [13][19]. - The company plans to optimize its store network and enhance the customer experience through refined management practices [20][21].

资金面上看，两市主力资金全天净流出3.37亿元，今日有11个行业主力资金净流入，电子行业主力资金 净流入规模居首，该行业今日上涨2.31%，全天净流入资金48.41亿元，其次是计算机行业，日涨幅为 2.12%，净流入资金为32.14亿元。 | | | 纺织服饰行业资金流出榜 沪指6月5日上涨0.23%，申万所属行业中，今日上涨的有12个，涨幅居前的行业为通信、电子，涨幅分 别为2.62%、2.31%。跌幅居前的行业为美容护理、纺织服饰，跌幅分别为3.07%、1.81%。纺织服饰行 业位居今日跌幅榜第二。 主力资金净流出的行业有20个，医药生物行业主力资金净流出规模居首，全天净流出资金48.79亿元， 其次是食品饮料行业，净流出资金为12.85亿元，净流出资金较多的还有有色金属、农林牧渔、交通运 输等行业。 纺织服饰行业今日下跌1.81%，全天主力资金净流出8.16亿元，该行业所属的个股共105只，今日上涨的 有20只，涨停的有1只；下跌的有79只，跌停的有3只。以资金流向数据进行统计，该行业资金净流入的 个股有43只，其中，净流入资金超千万元的有6只，净流入资金居首的是锦泓集团，今日净流入资金 1.18亿元， ...

沪指6月5日上涨0.23%，申万所属行业中，今日上涨的有12个，涨幅居前的行业为通信、电子，涨幅分 别为2.62%、2.31%。跌幅居前的行业为美容护理、纺织服饰，跌幅分别为3.07%、1.81%。美容护理行 业位居今日跌幅榜首位。 美容护理行业今日下跌3.07%，全天主力资金净流出6.00亿元，该行业所属的个股共31只，今日上涨的 有3只；下跌的有28只。以资金流向数据进行统计，该行业资金净流入的个股有5只，净流入资金居首的 是珀莱雅，今日净流入资金6291.70万元，紧随其后的是力合科创、诺邦股份，净流入资金分别为 1147.15万元、276.65万元。美容护理行业资金净流出个股中，资金净流出超5000万元的有5只，净流出 资金居前的有水羊股份、青岛金王、拉芳家化，净流出资金分别为9423.99万元、8645.51万元、6760.13 万元。 资金面上看，两市主力资金全天净流出3.37亿元，今日有11个行业主力资金净流入，电子行业主力资金 净流入规模居首，该行业今日上涨2.31%，全天净流入资金48.41亿元，其次是计算机行业，日涨幅为 2.12%，净流入资金为32.14亿元。 美容护理行业资金流向排名 ...

Market Overview - The Shanghai Composite Index rose by 0.23% on June 5, with 12 out of 28 sectors experiencing gains, led by the communication and electronics sectors, which increased by 2.62% and 2.31% respectively [1] - The computer industry ranked third in terms of daily gains, with a rise of 2.12% [1] Fund Flow Analysis - The main funds in the two markets experienced a net outflow of 337 million yuan, while 11 sectors saw net inflows [1] - The electronics sector had the largest net inflow, totaling 4.841 billion yuan, followed by the computer sector with a net inflow of 3.214 billion yuan [1] - The pharmaceutical and food & beverage sectors faced the highest net outflows, with 4.879 billion yuan and 1.285 billion yuan respectively [1] Computer Industry Performance - The computer industry saw a total of 336 stocks, with 298 stocks rising and 35 stocks declining [2] - The top three stocks with the highest net inflow were: - Dawi Technology: 544.4 million yuan - Tuo Wei Information: 309.4 million yuan - Yuxin Technology: 293 million yuan [2] - The stocks with the highest net outflow included: - Zhongke Jincai: 306.3 million yuan - Tianyang Technology: 131.4 million yuan - Ziguang Co., Ltd.: 73.4 million yuan [3] Top Gainers and Losers in Computer Industry - Top gainers in the computer industry included: - Dawi Technology: +10.01% - Tuo Wei Information: +8.06% - Yuxin Technology: +14.73% [2] - Top losers included: - Zhongke Jincai: +3.79% - Tianyang Technology: -0.33% - Ziguang Co., Ltd.: +2.36% [3]

证券研究报告 | 策略点评 2025 年 06 月 05 日 投资要点 分析师：孟之绪 执业编号：S0300524080001 电话： 邮箱：mengzhixu@ykzq.com 投资策略研究 粤开市场日报-20250605 今日关注 指数涨跌情况：今日 A 股主要宽基指数多数上涨。截止收盘，沪指涨 0.23%， 收报 3384.10 点；深证成指涨 0.58%，收报 10203.50 点；创业板指涨 1.17%， 收报 2048.61 点；科创 50 涨 1.04%，收报 996.41 点。总体上全天个股涨跌各 半，Wind 数据显示，全市场 2675 只个股上涨，2540 只个股下跌，197 只个股 收平。沪深两市今日成交额合计 12904 亿元，较上个交易日放量 1374 亿元。 行业涨跌情况：今日申万一级行业涨少跌多，通信、电子、计算机、传媒和 机械设备行业领涨，涨幅分别为 2.62%、2.31%、2.12%、1.27%和 0.98%，美 容护理、纺织服饰、农林牧渔、综合和医药生物行业领跌，跌幅分别为 3.07%、 1.81%、1.79%、1.30%和 1.01%。 板块涨跌情况：今日涨幅居前概念板块 ...

Core Points - Cartier, a luxury jewelry brand under Richemont, has confirmed a data breach involving unauthorized access to customer personal information, raising industry concerns [1] - The leaked data includes customer names and birth dates but does not involve sensitive financial information such as bank account or credit card details [1] - The breach affects customers globally, not just in the Chinese market, and comes amid a broader trend of luxury brands facing privacy issues [1][2] Group 1: Data Breach Details - Cartier's official communication revealed that the breach was due to a cyber attack, with affected customer information being accessed [1] - The parent company Richemont has not disclosed the number of affected users or provided an official statement regarding the incident [1] - Similar incidents have occurred with other luxury brands, including Dior and Adidas, highlighting a growing trend of data breaches in the luxury sector [2][3] Group 2: Financial Performance - Richemont reported a 4% year-on-year sales increase to €21.399 billion for the fiscal year ending March 31, 2025, with all regions except Asia-Pacific showing double-digit growth [1] - The jewelry division, which includes Cartier, experienced an 8% sales increase to €15.33 billion, with Cartier contributing over half of Richemont's sales revenue and more than 70% of its profits [1] Group 3: Legal and Regulatory Implications - Legal experts indicate that brands may face strict liability for data breaches under current laws, emphasizing the need for compliance with data protection regulations [4][5] - Brands are responsible for ensuring the security of customer data, even when third-party vendors are involved, and cannot use third-party negligence as a defense [5] Group 4: Recommendations for Brands - Brands should establish a comprehensive data security framework, focusing on third-party risk management and regular audits of suppliers [7] - Immediate notification to affected customers and offering services like free credit monitoring are recommended actions following a data breach [7]

市场表现上，基金调研股中，近5日上涨的有18只，涨幅居前的有中力股份、超捷股份、萃华珠宝等， 涨幅为25.56%、24.41%、21.99%；下跌的有7只，跌幅居前的有海创药业、云图控股、新时达等，跌幅 为9.05%、3.03%、2.64%。 数据宝统计，基金参与调研股中，近5日资金净流入的有13只，中力股份近5日净流入资金2.55亿元，主 力资金净流入最多；净流入资金较多的还有京北方、超捷股份等，净流入资金分别为2.11亿元、1.84亿 元。（数据宝） 6月4日基金调研公司一览 昨日基金共对25家公司进行调研，扎堆调研萃华珠宝、宇信科技、阳光诺和等。 证券时报·数据宝统计，6月4日共34家公司被机构调研，按调研机构类型看，基金参与25家公司的调研 活动，其中，10家以上基金扎堆调研公司共4家。萃华珠宝最受关注，参与调研的基金达25家；宇信科 技、阳光诺和等分别获20家、11家基金集体调研。 基金参与调研的公司中，按所属板块统计，深市主板公司有10家，创业板公司有8家，沪市主板公司有4 家，科创板公司有3家。所属行业来看，基金调研的公司共涉及12个行业，所属机械设备、计算机等行 业个股最多，均有5只个股上榜。 ...

FICC日报 | 2025-06-05 消费板块连续领涨，股指上涨 市场分析 美国就业不及预期。国内方面，人社部等四部门印发通知，组织开展人力资源服务业与制造业融合发展试点工作。 试点工作将在30个左右具备条件的城市开展先行先试，通过3年左右的努力，培育一批面向制造业的专业人力资源 服务机构，打造一批融合发展平台载体和联合体，发展一批支持制造业高质量发展的人力资源服务创新技术、产 品、模式，形成一批推动人力资源和实体经济、科技创新深度协同的政策体系和有效模式。海外方面，美国5月ADP 就业人数增3.7万人，预期增11.0万人，前值增6.2万人。美国5月份的招聘速度达到2023年3月以来的最低水平。数 据发布后，特朗普表示，鲍威尔现在必须降息。他还表示，"这令人难以置信，欧洲已经降息九次了"。此外，美 国5月ISM非制造业PMI为49.9，为近一年来首次萎缩，预期52.0，前值51.6。 股指上涨。现货市场，A股三大指数全线上涨，上证指数涨0.42%收于3376.2点，创业板指涨1.11%。行业方面，板 块指数涨多跌少，美容护理、纺织服饰行业继续领涨，仅交通运输、国防军工、公用事业、银行行业收跌。当日 沪深两市 ...

Core Insights - The report emphasizes "vitality" as the core trend for 2025, reflecting consumer pursuit of natural, healthy, and sustainable lifestyles [1][2] - The analysis covers various sectors including apparel, beauty, sports, food, and travel, based on data from July 1, 2024, to March 31, 2025 [1][5] Apparel Sector - Comfortable and functional athleisure wear and eco-friendly materials are gaining attention [1][2] - Light pastel colors are trending, with topics like "light spring outfits" and "marine style outfits" achieving over 19 billion and 380 million views respectively [9][10] - The return of maximalism in fashion is noted, with significant growth in related topics [13] Beauty Sector - The beauty trend focuses on "vitality makeup," highlighting natural ingredients and a healthy aesthetic [17][19] - Popular topics include "sweet girl makeup" and "wild makeup," with view counts exceeding 1 billion [18] - Key elements for vitality in makeup include base makeup, lip makeup, and hairstyles, emphasizing a natural and vibrant look [23] Sports Sector - Popular activities include hiking, cycling, and skating, with significant growth in related content [24][28] - Brands like Li Ning and Vaude are leveraging the vitality theme in their marketing strategies [24][25] - The report suggests that brands should create narratives around movement and exploration to engage consumers [24] Food and Health Sector - The concept of "clean eating" is prevalent, with discussions around fresh fruits and vegetables, achieving over 700 million views [32][33] - There is a growing interest in precise health maintenance practices, such as herbal remedies and dietary supplements [34] - Brands are encouraged to focus on product transparency and simplicity in their marketing [32][34] Travel Sector - Emerging trends include niche travel destinations and immersive experiences, with a focus on eco-friendly travel gear [1][2] - The report highlights the importance of community-driven content in shaping travel preferences on platforms like Xiaohongshu [2]

Group 1 - Sichuan Xinghongtai Garment Co., Ltd. has completed the renovation of a 2,000 square meter factory and installed equipment, with nearly 100 employees starting work [1] - Sichuan Hangcai Textile Co., Ltd. is expanding its second phase project, which will more than double its yarn production capacity from 15 tons [1] - Multiple light textile and apparel companies in Quxian Economic Development Zone are expanding production despite economic pressures, attributed to years of efforts to fill the "mid-chain gap" in the industry [1] Group 2 - The Quxian Economic Development Zone has 52 light textile and apparel companies, with 12 having export achievements, earning the title of "China's Outdoor Textile and Apparel City" [1] - There is a significant gap in the middle of the textile supply chain, with only three companies in spinning and nearly 50 in garment manufacturing, limiting local supply and increasing logistics costs [2] - To enhance the industry, Quxian is actively attracting businesses and revising park planning, with the introduction of Sichuan Mingzhen Textile Technology Co., Ltd. increasing fabric production capacity from 90,000 meters to 150,000 meters per day [2] Group 3 - Over 10 companies in the Quxian Economic Development Zone plan to expand production, with logistics costs expected to decrease by 20% and local supply rates increasing from 37% to 80% once the production loop is established [3]