格隆汇11月21日｜利弗莫尔证券显示，海澜之家集团股份有限公司向港交所提交上市申请书，独家保荐 人为华泰国际。 ...

据港交所文件，11月21日，海澜之家集团股份有限公司向港交所递交上市申请书，独家保荐人为华泰国 际。 獨家保薦人·[編纂]·[編纂]·[編纂]·[編纂]及[編纂] E EEI 157K [編纂]數目 : [編纂]股H股(可予重新分配) 「編纂]數目 :「編纂]股H股(可予重新分配及視乎[编 纂]行使與否而定) 最高[編纂] : 每股H股[編纂]港元,另加1.0%經紀 佣金、0.0027％證監會交易徵費、 0.00565%聯交所交易費及0.00015% 會財局交易徵費(須於[編纂]時以港元 繳足,多繳款項可予退還) 面值 : 每股H股人民幣1.00元 [編纂] ： [編纂] (於中華人民共和國註冊成立的股份有限公司) [編纂] [編纂]項下的[編纂]數目 : [編纂]股H股(視乎[編纂]行 使與否而定) HLA GROUP CORP., LTD. 海 瀾之家集團股份有限公司 ...

每经AI快讯，11月21日，据港交所文件：海澜之家（600398）集团股份有限公司向港交所提交上市申 请书。 ...

智通财经APP讯，维珍妮(02199)公布，预期该集团截至2025年9月30日止六个月期间的综合纯利将较 2024年同期取得不少于100%的增幅。集团业绩有所改善主要归因于(i)整体营运效率提升;(ii)集团与 Victoria'sSecret&Co.的合资公司(维密中国)应 占溢利显著增加;及(iii)重组成本及财务成本明显减少。 ...

Core Viewpoint - The stock price of Jiumuwang (601566.SH) experienced significant volatility, achieving a maximum increase of 94.81% since November 12, but ultimately faced a drop on November 21, attributed to market speculation and the announcement of becoming an official sponsor of the Chinese Olympic Committee, although the company claims the surge is more related to industry factors rather than the sponsorship news [1][3][6]. Financial Performance - For the first three quarters of 2025, Jiumuwang reported a revenue of 2.13 billion RMB, a year-on-year decrease of 6.02%, while net profit reached 310 million RMB, a significant increase of 129.63% [9][10]. - The third quarter revenue was 633 million RMB, down 8.33% year-on-year, with a net profit of 136 million RMB, up 59.71% [9][10]. - The substantial increase in net profit is primarily due to investment income, with financial asset fair value changes contributing 146 million RMB in the third quarter alone, accounting for nearly two-thirds of the net profit [10][11]. Business Challenges - Jiumuwang is facing challenges in its core business, with a reported loss of 24.34 million RMB in non-recurring net profit for the third quarter, marking the second consecutive quarter of such losses [9][10]. - The company closed 187 stores, indicating a significant contraction in its retail footprint, while its three main brands, Jiumuwang, FUN, and ZIOZIA, all experienced revenue declines [8][12][15]. - The revenue contributions from the FUN and ZIOZIA brands were minimal, with Jiumuwang brand revenue accounting for 93.96% of total revenue [15]. Strategic Misalignment - The company's multi-brand strategy has not yielded the expected results, with FUN and ZIOZIA brands underperforming and failing to significantly contribute to overall revenue [15][18]. - Jiumuwang's attempts to pivot towards outdoor and casual wear have not aligned well with its existing capabilities and market positioning, leading to ineffective execution of its transformation strategies [18][22]. - The marketing strategy, which includes signing multiple celebrity endorsements, has not translated into improved sales performance, indicating a disconnect between brand perception and consumer engagement [26][27].

Core Viewpoint - YOUNGOR's performance is significantly impacted by its real estate business, which has been declining, leading to overall revenue and profit decreases in recent quarters [1][2][3] Financial Performance - In the first three quarters, YOUNGOR reported revenue of 6.777 billion yuan, a year-on-year decline of 19.32% - Total profit was 2.476 billion yuan, down 4.75%, while net profit attributable to shareholders was 2.349 billion yuan, a decrease of 6.48% [1] - The real estate segment contributed 25.56% to the company's revenue despite a 70.58% drop in pre-sales and a 54.41% decline in revenue recognition [1][2] Real Estate Business - YOUNGOR has been involved in real estate since 1992 and has previously achieved significant land acquisitions, becoming a major revenue source by 2010 [2] - The company plans to gradually exit the real estate sector, having ceased new land acquisitions since last year, but still holds approximately 6.6 billion yuan in real estate inventory, which may face impairment risks [2][3] Fashion Business Transition - YOUNGOR is shifting focus to the fashion industry, with brands including YOUNGOR, MAYOR, HANP, HART MARX, UNDEFEATED, and BONPOINT [3] - The fashion segment's revenue growth is uneven, with the main brand YOUNGOR experiencing a 6.77% decline, while other brands like BONPOINT showed significant growth [3][4] Brand Strategy and Market Position - YOUNGOR's core brand targets traditional markets, which may not appeal to younger consumers, leading to a multi-brand strategy to attract diverse demographics [5] - Despite marketing efforts, the outdoor brand HELLY HANSEN lacks a clear identity in a competitive market, raising concerns about the effectiveness of the multi-brand strategy [5]

近日，一张光伏龙头天合光能创始人高纪凡之女高海纯与霸王茶姬创始人张俊杰的结婚请柬在网上流 传。11月20日晚，天合光能证实了消息，高海纯与张俊杰相识于青年企业家学习活动，已登记结婚，双 方将于近期举行婚礼。 "奶茶霸总"跟"光伏女神"结婚了！ 近日，一张光伏龙头天合光能创始人高纪凡之女高海纯与霸王茶姬创始人张俊杰的结婚请柬在网上流 传。 正当大家讨论事情真假之时，11月20日晚，天合光能证实了消息，高海纯与张俊杰相识于青年企业家学 习活动，已登记结婚，双方将于近期举行婚礼。 一个是光伏二代、布朗大学学霸，如今执掌448亿上市公司，是商界公认的"光伏女神"。一个是白手起 家，身家135亿茶饮新贵，两家上市公司市值加起来超600亿。 网友感慨，这种"剧本"也就是小说敢这么写。以后"千金二代"结婚就按照这个标准来，既要才子佳人， 又要找个跟自己实力匹配的人，联合成"双霸总"模式。 11月19日，网上传出一张请柬。"家主"高纪凡和吴春艳发出请帖，邀请嘉宾参加新郎张俊杰、新娘高海 纯的婚礼。婚礼的日期是12月15日，举办地在常州市的酒店。 光伏龙头天合光能的创始人叫高纪凡，他的夫人叫吴春艳（财报中体现），二人的女儿高海 ...

越南内务部预测，此次最低工资标准调整将使企业平均成本上升约0.5%至0.6%，其中纺织、服装、皮 革及鞋类等劳动密集型行业的成本增幅更为显著，预计达1.1%至1.2%。 越南中小企业协会副主席苏怀南指出，在当前经济复苏乏力的背景下，中小企业已面临原材料价格上涨 和终端需求疲弱等多重挑战，此次调薪将进一步加重经营负担。尤其对制造业及劳动密集型行业中利润 率较低的企业而言，可能被迫采取裁员或推迟设备更新、技术改造与创新投资等措施，以缓解不断攀升 的劳动力成本压力。 新华财经上海11月21日电（谢贤保） 近日，越南政府颁布新规，明确自2026年1月1日起上调最低工资 标准，平均涨幅约为7.2%，上调幅度创历年之最。预计本轮调整将推高越南企业用工成本，纺织、服 装、鞋类等劳动密集型行业所受影响尤为突出。在此背景下，中资企业应提前制定应对策略，优化人力 资源配置与成本结构，以保障生产经营稳健运行。 最低工资上调7.2% 11月10日，越南政府正式颁布第293/2025/N-CP号法令，宣布自2026年1月1日起全面上调全国最低工资 标准。根据最新规定，越南四个地区的月最低工资将上涨25万（约合72元人民币）至35万越南 ...

Core Viewpoint - The article discusses a comparative test conducted by the Shenzhen Consumer Council on 16 different brands of outdoor jackets, highlighting the importance of features such as waterproofing, durability, and comfort in outdoor apparel [1][3]. Group 1: Testing Brands and Prices - The tested brands include The North Face, Decathlon, Camel, Quechua, Jack Wolfskin, Xtep, JD.com, Li Ning, Toread, Semir, HLA, Kelty, Shixia, Taiping Bird, Columbia, and Anta [3]. - The sampling prices for the jackets range from 209.75 yuan to 1927 yuan [3]. Group 2: Testing Standards and Chemical Safety - The testing was based on the national standard GB/T 32614-2023, which includes chemical safety indicators such as PFOS and PFOA [4]. - Among the 16 jackets tested, only two brands, Decathlon and Quechua, were labeled as "fluorine-free" products [4]. - All tested samples showed no detectable levels of PFOS, and 8 samples had no detectable levels of PFOA, with 10 samples meeting the limit of <1.0μg/m² for both substances [4]. Group 3: Physical Performance and Durability - All 16 samples met the standard requirements for tear strength, with 7 samples exceeding 20N in both directions, indicating good durability [6]. - The abrasion resistance of all samples met the standard requirement of ≥10,000 cycles, and the appearance after washing and lightfastness also complied with the standards [6]. Group 4: Waterproof Performance - The waterproof performance was evaluated based on surface wetting resistance and hydrostatic pressure [7][9]. - After three washes, 7 samples achieved a surface wetting resistance of level 4 or higher, indicating good waterproofing [7]. - Five samples scored high in hydrostatic pressure tests, demonstrating strong waterproof capabilities [10]. Group 5: Breathability - The moisture permeability rate is crucial for comfort, with 6 samples exceeding 8000g/㎡•24h after three washes, indicating good breathability [11]. Group 6: Overall Evaluation - Among the 16 tested samples, 7 received a five-star rating based on laboratory testing results [12].

Core Insights - The Circularity Gap Report Textiles highlights the severe challenges facing the global textile industry in transitioning to a circular economy, with only 0.3% of materials used coming from recycled resources [1][4][30] - The report emphasizes the need for collaboration among manufacturers, brands, governments, and consumers to drive meaningful industry change towards circularity [1][30] Industry Overview - The textile industry, including apparel, leather, and footwear, is heavily reliant on virgin resources, with over 99% of the 3.25 billion tons of materials consumed annually sourced from non-renewable resources [4][11] - The industry predominantly follows a linear model of "take-make-dispose," leading to excessive extraction of non-renewable resources [4][30] Environmental Impact - The textile sector is a major contributor to pollution, accounting for 3.5% of global greenhouse gas emissions, with significant water consumption and pollution issues arising from various stages of the textile value chain [5][11] - Key environmental indicators analyzed in the report include water eutrophication and resource consumption, particularly in the dyeing and finishing stages, which consume approximately 93 billion cubic meters of water annually [5][11] Circular Economy Strategies - The report proposes six hypothetical scenarios for transitioning the textile industry towards a circular economy, aiming to halve its environmental impact [12][30] - Strategies include: 1. Shifting to natural, local, and recycled fibers [13] 2. Enhancing garment durability to reduce resource consumption [16] 3. Promoting sustainable production of natural fibers through regenerative agriculture [19] 4. Advocating for "slow fashion" to encourage mindful consumption [22] 5. Advancing circular manufacturing to minimize waste [25] 6. Restructuring regional supply chain dynamics to localize production [28] Collaboration and Transformation - Achieving a significant transition to circularity requires systemic change across the industry, including technological advancements, shifts in consumer behavior, and policy reforms [30][31] - The report calls for comprehensive collaboration among industry stakeholders, academia, government, and financial sectors to enhance transparency and sustainability practices [31]