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。 数据来源：国家统计局，智研咨询整理 上市公司：万里马（300591），中胤时尚（300901），恒辉安防（300952），ST奥康（603001），红 蜻蜓（603116），ST起步（603557），健盛集团（603558），天创时尚（603608），康隆达 （603665），牧高笛（603908），哈森股份（603958），扬州金泉（603307） 相关报告：智研咨询发布的《2025-2031年中国皮革行业市场现状分析及产业趋势研判报告》 2025年1-5月，皮革、毛皮、羽毛及其制品和制鞋业企业数（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8703个，和上年同期相比，减少了54个，同比下降0.62%，占工业总企业的比重为 1.68%。 ...

Core Viewpoint - Guangzhou Boli Hardware Leather Co., Ltd. has been established with a registered capital of 500,000 RMB, indicating a new player in the leather and hardware industry [1] Company Summary - The legal representative of the company is Pang Meiling, which may suggest a focus on leadership and management in the new venture [1] - The company’s business scope includes leather sales, technology import and export, and various sales related to metal products and bags, indicating a diversified business model [1] - The company is involved in brand management, technical services, and consulting, which may enhance its competitive edge in the market [1] Industry Summary - The establishment of Guangzhou Boli Hardware Leather Co., Ltd. reflects ongoing growth and investment in the leather and hardware sectors in China [1] - The wide range of operations, including internet sales and trade brokerage, suggests a strategic approach to tapping into e-commerce and global trade opportunities [1] - The inclusion of technology-related services indicates a trend towards integrating technology in traditional industries, potentially leading to innovation and efficiency improvements [1]

Core Viewpoint - In 2025, Xinyi Leather Technology Co., Ltd. approved a proposal to provide a cumulative new guarantee limit of up to 1.43 billion yuan for its subsidiaries, including a 520 million yuan limit for Hongxing Automotive Leather [1] Group 1: Financial Support and Guarantees - Recently, Bank of China Shishi Branch approved a comprehensive credit of 190 million yuan to Hongxing Automotive Leather, with Xinyi Technology assuming joint liability for 70 million yuan [1] - Hongxing Automotive Leather is a subsidiary of Xinyi Technology, with a 60% ownership stake [1] Group 2: Financial Performance - The financial status of Hongxing Automotive Leather for the fiscal year 2024 and the first quarter of 2025 shows a decrease in the debt-to-asset ratio from 37.71% to 23.44% [1] - As of now, the company's external guarantee limit is 1,099.5179 million yuan, accounting for 45.71% of the audited net assets attributable to the listed company for 2024, with no overdue guarantees [1]

金融界消息 截至2025年8月20日收盘，古麒绒材（001390）报收于26.33元，上涨7.08%，换手率 44.86%，成交量21.98万手，成交金额5.76亿元。 天眼查商业履历信息显示，安徽古麒绒材股份有限公司，成立于2001年，位于芜湖市，是一家以从事皮 革、毛皮、羽毛及其制品和制鞋业为主的企业。企业注册资本20000万人民币，实缴资本15000万人民 币。公司法定代表人为谢玉成。 通过天眼查大数据分析，安徽古麒绒材股份有限公司共对外投资了3家企业，参与招投标项目26次，知 识产权方面有商标信息18条，专利信息94条，此外企业还拥有行政许可31个。 来源：金融界 资金流向方面，今日主力资金净流入1.08亿元，占比成交额18.66%。其中，超大单净流入9320.67万 元、占成交额16.17%，大单净流入1434.49万元、占成交额2.49%，中单净流出流出3420.12万元、占成 交额5.93%，小单净流出7335.04万元、占成交额12.73%。 古麒绒材最新一期业绩显示，截至2025一季报，公司营业总收入1.93亿元、同比增长18.53%，归属净利 润3810.59万元，同比增长11.56%，扣 ...

Core Viewpoint - India is facing significant economic challenges due to the imposition of high tariffs by the United States, particularly a 50% tariff on certain goods, which has led to a reevaluation of its export strategies and markets [1][3][8] Group 1: Economic Impact - The U.S. has imposed a 25% punitive tariff on Indian goods, adding to an existing 25% tariff, resulting in a total of 50% on certain exports [1] - India's exports to the U.S. have historically accounted for about 18% of its total exports, making the U.S. its second-largest export destination [1] - High tariffs are compressing profits and causing orders to shift away from traditional Indian industries such as leather, textiles, and engineering machinery [1] Group 2: Strategic Response - The Indian government, led by Prime Minister Modi, is actively seeking to diversify its export markets, focusing on over 50 emerging countries that collectively account for nearly 45% of global trade [3] - The Indian agricultural export sector has seen a 17% increase in orders from the Middle East and over 23% growth in agricultural machinery exports to Africa [3] - India is also investing in high-value sectors such as solar cells, lithium batteries, and pharmaceuticals, with a significant initiative to produce silicon carbide chips [3][4] Group 3: Government Support - Modi announced the revival of a 225 billion INR export promotion fund to support small and medium enterprises affected by U.S. tariffs [4] - The National Development Bank has established a special credit window to assist companies in expanding into non-U.S. markets [4] Group 4: International Relations - Jeffrey Sachs emphasized the need for India to diversify its trade partnerships and reduce reliance on the U.S., aligning with India's current strategy to strengthen ties with countries like Russia, China, and various African nations [6] - China's Foreign Minister Wang Yi's upcoming visit to India is seen as an opportunity to enhance bilateral relations and provide India with alternative trade options amidst U.S. pressures [8] - Strengthening cooperation between India and China could help India mitigate the impact of U.S. tariffs and enhance its bargaining power on the global stage [8]

Core Viewpoint - A new company, Nangong Xinkuo Felt Products Co., Ltd., has been established with a registered capital of 50,000 RMB, focusing on various textile and leather product manufacturing and sales [1] Company Summary - The legal representative of the company is Qi Jinhe [1] - The registered capital of the company is 50,000 RMB [1] - The company operates in multiple sectors including manufacturing and sales of industrial textile products, automotive decorative products, leather goods, bags, and home textiles [1] Industry Summary - The company is involved in the manufacturing of a wide range of products such as: - Industrial textile products - Automotive decorative items - Leather products - Bags - Feather and down products - Home textiles [1] - The company also engages in the sales of various protective gear and outdoor products [1]

Core Viewpoint - Huali Group (300979) reported a slight increase in stock price, with significant net outflow of main funds, indicating potential investor caution despite revenue growth [1] Financial Performance - As of Q1 2025, Huali Group achieved total revenue of 5.353 billion yuan, a year-on-year increase of 12.34% - The net profit attributable to shareholders was 762 million yuan, a decrease of 3.25% year-on-year - The non-recurring net profit was 751 million yuan, down 3.35% year-on-year - Current ratio stood at 3.093, quick ratio at 2.367, and debt-to-asset ratio at 22.94% [1] Market Activity - The stock closed at 51.36 yuan, with a trading volume of 27,200 lots and a transaction amount of 139 million yuan - The main funds experienced a net outflow of 12.39 million yuan, accounting for 8.91% of the transaction amount - Large orders saw a net outflow of 12.45 million yuan, while small orders had a net inflow of 2.25 million yuan [1] Company Background - Huali Group, established in 2004 and located in Zhongshan, primarily engages in leather, fur, feather products, and footwear industries - The company has a registered capital of 1.167 billion yuan and the same amount in paid-in capital - The legal representative of the company is Zhang Congyuan [1][2] Investment and Intellectual Property - Huali Group has made investments in 9 external enterprises and participated in 5 bidding projects - The company holds 6 trademark registrations and 40 patents, along with 20 administrative licenses [2]

Core Viewpoint - Amway Co., Ltd. has officially launched the remaining two dry production lines at its subsidiary in Vietnam, enhancing its production capacity and competitive edge in the market [1] Group 1: Company Developments - The remaining two dry production lines at Amway (Vietnam) Material Technology Co., Ltd. have completed installation, debugging, and trial production, and are now in full operation [1] - With all four dry production lines operational, the company will achieve an annual production capacity of 18 million meters of polyurethane synthetic leather and composite materials [1] Group 2: Market Impact - The expansion of production capacity is expected to help the company increase sales and improve its competitive position in the market, leading to better economic benefits [1]

Core Viewpoint - Amway Co., Ltd. has officially launched the remaining two dry production lines in Vietnam, marking a significant expansion in its production capacity [2]. Group 1: Company Developments - Amway Vietnam has completed the installation, debugging, and trial production of the remaining two dry production lines, which are now in full operation [2]. - For the fiscal year 2024, Amway Co., Ltd. projects that its revenue composition will be 98.35% from synthetic leather and 1.65% from other businesses [2].

Group 1 - Guangzhou Xinhui Bag Leather Co., Ltd. has been established with a registered capital of 50,000 RMB [1] - The company's business scope includes leather tanning processing, manufacturing and sales of leather products, and various textile and metal products [1] - The company is involved in the manufacturing of bags, clothing, and footwear, as well as the sale of related products [1]