| 指数 | 涨跌（％） | | --- | --- | | 名称 （点） 1 日 5 日 1 月 | | | 上证指数 3883 0.52 | 0.64 1.59 | | 深证综指 2519 0.44 | 3.1 2.12 | | (%) | 风格指数 | | | | --- | --- | --- | --- | | 大盘指数 | | 3.22 | 19.97 | | 中盘指数 >> | 1.01 | 6.43 6.43 | 27.65 | | 小盘指数 | 1.04 | 2.12 | 22.08 | | 涨幅居前 行业(%) | 바람들 | 近１个月 近６个月 | | | --- | --- | --- | --- | | 能源金属 | 5.91 | 24.79 | 66.07 | | 航空装备Ⅱ | 3.49 | -4.64 | 23.62 | | 小ヂ屋Ⅱ | 3.41 | -6.08 | 62.35 | | 矢疗服务Ⅱ | 3.09 | 1.81 | 32.18 | | 航天装备Ⅱ | 3.05 | -8.1 | 27.59 | | 跌幅居前 行业(%) | | 昨日 近１个月 近６个月 | | ...

| 指数 | 收盘 | | 涨跌（％） | | | --- | --- | --- | --- | --- | | 名称 | （点） | 1 日 | 5 日 | 1 月 | | 上证指数 | 3883 | 0.52 | 0.64 | 1.59 | | 深证综指 | 2519 | 0.44 | 3.1 | 2.12 | | 风格指数 (％) | 昨日 | 近 1 个月 | 近 6 个月 | | --- | --- | --- | --- | | 大盘指数 | 0.3 | 3.22 | 19.97 | | 中盘指数 | 1.01 | 6.43 | 27.65 | | 小盘指数 | 1.04 | 2.12 | 22.08 | | 涨幅居前 行业(％) | 昨日 | 近 1 个月 | 近 6 个月 | | --- | --- | --- | --- | | 能源金属 | 5.91 | 24.79 | 66.07 | | 航空装备Ⅱ | 3.49 | -4.64 | 23.62 | | 小金属Ⅱ | 3.41 | -6.08 | 62.35 | | 医疗服务Ⅱ | 3.09 | 1.81 | 32.18 | | 航天装 ...

2025 年 10 月 08 日 新澳股份 (603889) ——澳毛价格创纪录大涨，澳毛大周期有望强化成长性 上 市 公 司 纺织服饰 报告原因：强调原有的投资评级 买入（维持） | 市场数据： | 2025 年 09 月 30 日 | | --- | --- | | 收盘价（元） | 6.80 | | 一年内最高/最低（元） | 8.53/5.09 | | 市净率 | 1.4 | | 股息率%（分红/股价） | 4.41 | | 流通 A 股市值（百万元） | 4,900 | | 上证指数/深证成指 | 3,882.78/13,526.51 | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据: | 2025 年 06 月 30 日 | | --- | --- | | 每股净资产（元） | 4.79 | | 资产负债率% | 41.29 | | 总股本/流通 A 股（百万） | 730/721 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： 09-30 10-31 11-30 12-31 01-31 02-28 03-31 04-30 05-31 06-3 ...

Core Viewpoint - The company reported its 2025 mid-year results, with revenue and net profit meeting expectations, demonstrating strong operational resilience despite weak domestic demand and U.S. tariff impacts [1] Financial Performance - 2025 H1 revenue was 2.55 billion yuan, a slight decrease of 0.1% year-on-year, while net profit attributable to shareholders was 270 million yuan, an increase of 1.7% year-on-year [1] - In Q2 2025, revenue was 1.45 billion yuan, down 0.4% year-on-year, and net profit was 170 million yuan, also down 0.4% year-on-year [1] - The gross margin for 2025 H1 was 21.6%, an increase of 0.8 percentage points year-on-year, with a net profit margin of 10.6%, up 0.2 percentage points year-on-year [1] Business Segments - **Fine Wool Yarn**: 2025 H1 revenue was 1.43 billion yuan, down 3.1% year-on-year, with a gross margin of 28.8%, up 1.7 percentage points year-on-year [2] - **Cashmere Yarn**: 2025 H1 revenue was 790 million yuan, an increase of 16.0% year-on-year, with a gross margin of 13.5%, down 0.7 percentage points year-on-year [2] - **Wool Tops**: 2025 H1 revenue was 300 million yuan, down 16.0% year-on-year, with a gross margin of 6.2%, up 0.8 percentage points year-on-year [2] Global Production Capacity - The company is expanding its global production capacity to address uncertainties in the global trade environment [3] - The Vietnam base has started production with a capacity of 20,000 spindles, expected to ramp up quickly in 2025, with plans for a total capacity of 50,000 spindles [3] - The Yinchuan base has completed installation and is expected to gradually release capacity in H2 2025 [3] - The company is also enhancing its production capabilities in the UK, particularly in cashmere yarn, to support market expansion [3] Market Outlook - Australian wool prices have begun to rebound, providing additional profit elasticity for the company [3] - The current low inventory levels and a weakening U.S. dollar index may support demand recovery and price increases [3] - Recent data indicates that Australian wool prices have increased by 10% year-to-date [3] Investment Rating - The company maintains a "buy" rating, with slightly adjusted profit forecasts for 2025-2027, expecting net profits of 440 million, 500 million, and 560 million yuan respectively [4]