11月21日，"男人的衣柜"海澜之家发布公告称，公司已于2025年11月21日向香港联合交易所有限公司 递交了发行境外上市股份（H股）并在香港联交所主板挂牌上市的申请，并于同日在香港联交所网站 上刊登了相关申请资料，华泰国际担任独家保荐人。2014年海澜之家登陆A股，市值一度突破800亿 元，成为"A股男装第一股"。海澜之家表示，未来将有序推进中亚、中东、非洲及澳大利亚市场布 局，近期计划在悉尼开设首家海外门店，进一步强化全球化战略。 招股书显示，2022至2024年及截至2025年前三季度，营收分别为179.05亿元、207.54亿元、201.62亿元及156.0亿 元，归属于上市股东净利润分别为21.55亿元、29.52亿元、21.59亿元及18.62亿元。销售渠道方面，线下仍为核 心，前三季度线下收入占比近80%，线上占比约20%。主品牌海澜之家系列营收达108亿元，同比下滑3.99%，占 总营收的69%。截至2025年6月，公司门店总数为7241家，其中直营店为1583家，加盟及其他门店为4101家。2025 年前三季度，加盟店及其他门店净减少264家，直营店净增加115家。 今年9月，海澜之家启动赴 ...

对于雀巢而言，此举旨在扩大即饮奶咖生产规模，以更好地满足当地消费者需求。 雀巢投资约2.6亿元扩建英国达尔斯顿工厂 近日，雀巢投资2800万英镑（折合人民币约2.6亿元）升级英国坎布里亚郡达尔斯顿工厂，用于扩建即饮奶咖生产线。该投资将新建混料车间与两条包装 生产线，预计人工处理量削减80%，每小时产能达6万包。新生产线将采用可循环包装材料，（FoodBev Media） 小编评： -投资动态- 小编评： 值得注意的是，这是达能在加拿大的最大投资，投资将使工厂的酸奶生产能力快速，以满足加拿大消费者旺盛增长的健康需求。 日前，达能加拿大宣布对其位于魁北克省Boucherville的工厂进行历史性投资。该项目还包括投资能源回收设备，强化公司的可持续运营。达能在该国主 要销售Activia、Oikos、Silk、Danone、Two Good、International Delight、依云等品牌的产品。（公司发布） 天眼查工商信息显示，近日，赛百味餐饮管理（上海）有限公司发生工商变更，注册资本由约3.2亿人民币增至约3.8亿人民币，增幅约21%。 赛百味餐饮管理（上海）有限公司成立于2014年4月，法定代表人为朱付 ...

近一段时间，A股各种概念轮番上阵，其中，"福建"概念相当凶猛。 代表企业九牧王收获7连板，几天时间股价翻倍，11月20日，九牧王甚至还上演了"天地天"的疯狂过山车行情。 然而，就在11月21日，情况急转直下，九牧王直接跌停。 概念炒作的背后，公司基本面改善了吗？ 回看公司基本面就能发现，九牧王的业绩，或许也难以支撑这一轮上涨。 就在10月底，九牧王公布了今年前三季度业绩。 财报显示，前三季度，公司营收21.3亿元，同比下滑6.02%，归母净利润却同比大幅增长129.63%至3.1亿元。 10月底，九牧王交出了一份净利润暴涨129.63%的三季报。而就在半个月后的业绩说明会当天，九牧王开始了这一轮疯狂涨势。 01 这一轮九牧王的股价上涨，直接催化因素是，11月11日，公司官方宣布与中国奥委会达成战略合作。 尽管九牧王在公告中表示股价大涨与成为赞助商的消息"不存在直接关联"，但随着公司定位从之前的"中国体育代表团礼服供应商"升级为"2025-2028中国 奥委会官方赞助商"，无疑带来了潜在利好。 然而，细究这一合作的历史背景可以发现，早在2025年9月底，九牧王已释放过类似消息，但当时市场反应平淡。 此次股价爆发 ...

近一段时间，A股各种概念轮番上阵，其中，"福建"概念相当凶猛。 代表企业九牧王收获7连板，几天时间股价翻倍，11月20日，九牧王甚至还上演了"天地天"的疯狂过山车行情。 然而，就在11月21日，情况急转直下，九牧王直接跌停。 概念炒作的背后，公司基本面改善了吗？ 回看公司基本面就能发现，九牧王的业绩，或许也难以支撑这一轮上涨。 就在10月底，九牧王公布了今年前三季度业绩。 财报显示，前三季度，公司营收21.3亿元，同比下滑6.02%，归母净利润却同比大幅增长129.63%至3.1亿元。 10月底，九牧王交出了一份净利润暴涨129.63%的三季报。而就在半个月后的业绩说明会当天，九牧王开始了这一轮疯狂涨势。 01 这一轮九牧王的股价上涨，直接催化因素是，11月11日，公司官方宣布与中国奥委会达成战略合作。 尽管九牧王在公告中表示股价大涨与成为赞助商的消息"不存在直接关联"，但随着公司定位从之前的"中国体育代表团礼服供应商"升级为"2025-2028中国 奥委会官方赞助商"，无疑带来了潜在利好。 然而，细究这一合作的历史背景可以发现，早在2025年9月底，九牧王已释放过类似消息，但当时市场反应平淡。 此次股价爆发 ...

10 月底 ，九牧王交出了一份 净利润暴涨 129.63% 的三季报 。而就在半个月后的业绩说明会当天，九牧王开始了这一轮疯狂涨势 。 作者 | 远禾 数据支持 | 勾股大数 据（www.gogudata.com） 近一段时间， A 股各种概念轮番上阵，其中，"福建"概念相当凶猛。 代表企业九牧王收获 7 连板，几天时间股价翻倍， 11 月 20 日，九牧王甚至还上演了"天地天"的疯狂过山车行情。 然而，就在 11 月 21 日，情况急转直下，九牧王直接跌停。 概念炒作的背后，公司基本面改善了吗？ 01 这一轮九牧王的股价上涨，直接催化因素是， 11 月 11 日，公司官方宣布与中国奥委会达成战略合作。 尽管九牧王在公告中表示股价大涨与成为赞助商的消息 " 不存在直接关联 " ， 但随着公司定位从之前的 "中国体育代表团礼服供应商"升级 为" 2025-2028 中国奥委会官方赞助商"，无疑带来了潜在利好。 然而，细究这一合作的历史背景 可以 发现， 早 在 2025 年 9 月底 ，九牧王 已释放过类似消息，但当时市场反应平淡。 此次股价爆发，最主要的原因，还是赶上了近期的 "福建"概念炒作。 回看公司基本 ...

Core Insights - Jiumuwang's transaction volume reached 1.008 billion RMB, marking a new high since its listing [1] - The latest stock price increased by 9.26%, with a turnover rate of 10.77% [1] - The previous trading day's total transaction volume was 303 million RMB [1] Company Overview - Jiumuwang Co., Ltd. was established on March 11, 2004, with a registered capital of 574.63715 million RMB [1]

一级市场的温度还在持续回升，曾经"消失"的LP们，陆续带着资金回来了。 最新加入这股潮流的，是男装巨头七匹狼，近期以LP身份出资了。 七匹狼做LP 11月14日，深圳市红土星舰一号私募股权投资基金合伙企业（有限合伙）注册成立，出资额约 16.8亿元人民币，经营范围为以私募基金从事股权投资、投资管理、资产管理等活动。 其LP阵容堪称豪华。 据企查查工商信息显示， 该合伙企业 由深创投旗下的深创投红土私募股权 投资基金管理（深圳）有限公司担任执行事务合伙人， 背后不仅有国寿股权、人保资本等一众金 融机构的出资，以及湘投集团、粤科母基金等国资LP，同时还有七匹狼的身影。 导读： 产业资本回归的暖流，正在一级市场悄然涌动。 作者丨FOFWEEKLY 作为中国男装行业的领军企业，七匹狼在创投领域的布局早已有迹可循。实际上，这并非七匹狼首 次以LP身份参与股权投资。 回溯至2022年之前，七匹狼通过子公司曾频繁以LP身份活跃于市场，相继出资了基石资本、峰瑞 资本、中金资本、深创投等多家知名GP。然而，在随后的几年里，七匹狼鲜少出资GP。 此次参与红土星舰一号基金的出资，属实引人瞩目。 值得关注的是，七匹狼过往的LP布局可 ...

Core Viewpoint - The stock of Jomoo Holdings Co., Ltd. has experienced an abnormal trading fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days [2][4]. Group 1: Stock Trading Abnormality - The company's stock price increased by more than 20% over three consecutive trading days (November 11, 2025, November 12, 2025, and November 13, 2025), which qualifies as an abnormal trading situation according to the Shanghai Stock Exchange trading rules [2][4]. Group 2: Company Verification - The company conducted a self-examination and confirmed that its production and operational conditions are normal, with no significant changes in the internal or external business environment [5]. - There are no undisclosed major events related to significant asset restructuring, share issuance, major transactions, business restructuring, share buybacks, or strategic investments that could impact the company [5][8]. - No media reports or market rumors have been identified that could significantly affect the company's stock price [5]. - The company has not discovered any other major events that could have a substantial impact on its stock price during the abnormal trading period [5]. Group 3: Board and Shareholder Statements - The board of directors confirmed that there are no undisclosed matters that should have been disclosed according to the stock listing rules, and previous disclosures do not require correction or supplementation [7]. - The controlling shareholder and actual controller confirmed that there are no major events involving the company that need to be disclosed [8].

Core Insights - The clothing industry is undergoing a transformation driven by consumer demand for functionality, cost-effectiveness, and technological integration [1][5][19] - The collaboration between Jiumuwang and the China Aerospace Science and Technology Corporation's 101 Institute has resulted in the launch of "space pants" that utilize advanced aerospace materials for everyday wear [1][7][19] Industry Trends - The integration of aerospace technology into consumer products is becoming a trend, supported by national policies that encourage the deep integration of technological and industrial innovation [3][7] - The global functional apparel market is projected to reach $510.4 billion by 2030, indicating a growing consumer demand for functional clothing [5] Company Developments - Jiumuwang has a history of innovation in the men's pants sector, previously developing popular products using advanced materials, which positions the company well for this new venture [5][19] - The use of Aerostech®-T fiber in the space pants exemplifies the application of aerospace technology in consumer clothing, offering superior performance characteristics [10][12] Technological Advancements - The Aerostech®-T fiber provides multiple benefits, including being 15% lighter than standard polyester, with enhanced antibacterial properties and improved thermal regulation [10][12] - The collaboration has established a complete transformation loop from laboratory results to industrial production and consumer products, overcoming significant production challenges [12][13] Market Positioning - The partnership between Jiumuwang and the aerospace institute represents a strategic alignment of technological capabilities and market needs, addressing pain points in the clothing industry [7][19] - The introduction of space pants is seen as a response to the demand for high-performance, functional clothing that meets modern consumer expectations [16][17] Future Outlook - Jiumuwang plans to deepen its collaboration with the aerospace institute in areas such as new material development and standard setting, which may inspire other industry leaders to adopt similar innovative approaches [19]

Core Insights - The core viewpoint of the article highlights that despite a fashion show showcasing the brand, Biyin Lefen is experiencing a decline in profits while achieving revenue growth [1][2]. Financial Performance - In Q3, Biyin Lefen reported a revenue increase of 3.2% year-on-year to 1.1 billion yuan, while net profit attributable to shareholders fell by 27.4% to 210 million yuan [1]. - For the first three quarters, the company's revenue grew by 6.7% year-on-year to 3.2 billion yuan, but net profit attributable to shareholders decreased by 18.7% to 620 million yuan [1]. Business Strategy - The revenue growth and profit decline reflect Biyin Lefen's business model, which focuses on the high-end market while incurring higher marketing expenses [2]. - Sales expenses increased by 27.8% year-on-year, driven by investments in brand youthfulness, new brand initiatives, and e-commerce [2]. - The company has acquired two international brands, CERRUTI1881 and KENT&CURWEN, which are currently in the investment phase, leading to projected losses for their operating subsidiary [2]. Inventory and Receivables Management - The inventory turnover period increased by 55 days, likely due to new brand incubation and early preparations for the e-commerce peak season [2]. - Accounts receivable turnover days decreased by 2.5 days, while accounts payable turnover days increased by 23.5 days [2]. Market Outlook - The founder of a leading menswear brand noted that domestic high-end brands are gaining opportunities as overseas luxury goods lose their allure, providing a cost-effective alternative for high-end consumers [2]. - Despite the potential, the founder acknowledged that growth is becoming increasingly challenging [2]. - Biyin Lefen's willingness to increase market investment indicates a hopeful outlook for the future [3].