天眼查App显示，近日，东莞市鑫润鞋业有限公司成立，法定代表人为刘建兵，注册资本20万人民币， 经营范围为一般项目：鞋帽零售；鞋帽批发；服装服饰零售；服装服饰批发；箱包销售；美发饰品销 售；工艺美术品及礼仪用品销售（象牙及其制品除外）；珠宝首饰批发；珠宝首饰零售；化妆品批发； 化妆品零售；日用家电零售；钟表销售；电子产品销售；眼镜销售（不含隐形眼镜）；家居用品销售； 日用陶瓷制品销售；茶具销售；互联网销售（除销售需要许可的商品）。（除依法须经批准的项目外， 凭营业执照依法自主开展经营活动）。 ...

报道称，越南政府总理范明政指定越南工贸部每年定期举办越南国际工业、贸易及消费品博览会 （简称VIEE），首届VIEE以"秋季博览会"命名。这是重要的国家级国际贸促活动，是国家经济活动中 的代表性事件。 （原标题：越南秋季博览会将于10月26日至11月4日在河内越南展览中心举办） 越南《工贸报》10月9日报道称，根据越政府总理范明政9月25日签发的指导意见，由工贸部主办的 2025越南秋季博览会将于10月26日至11月4日在河内越南展览中心举办。 据悉，本届展会的展出规模约10万平米，设3000个标准展位（9平方米/展位），将集中展示加工制 造业、配套工业、机械设备、食品饮料、纺织服装、鞋类、建筑材料、手工艺品、消费品、电子商务、 信息技术及服务贸易等领域的产品，参展对象包括越南本土企业和外国企业，将为企业拓展市场、技术 转让及在越推广品牌提供重要平台机遇。 ...

路透社9月22日报道，据联合国开发计划署估计，美国自8月起征收的关税可能导 致越南对美国的出口下降超过250亿美元，降幅达到19.2%，使越南成为东南亚受灾最 严重的国家。美国贸易数据显示，越南去年是全球第六大对美出口国，向美国出口了 价值1365亿美元的商品。越南海关部门的数据显示，越南8月对其最大市场美国的出口 较7月份下降了2%，其中鞋类出口下降了5.5%。越南是全球第二大鞋类供应国，此前， 关税生效前的出口曾出现激增。对美国出口下降将导致越南国内生产总值减少约5%， 尽管关税的影响可能需要数年时间才能完全体现。联合国开发计划署的报告称，预计 东南亚国家对美出口下降的平均幅度约为9.7%，其中泰国对美国的出口下降12.7%，马 来西亚下降10.4%，印度尼西亚下降6.4%。 （原标题：美国关税措施或致使越南损失250亿美元） ...

Core Insights - Vietnam's total goods import and export value for the first half of September 2025 reached 39.05 billion USD, reflecting a month-on-month decrease of 3.25% [1] - The export value was 19.2 billion USD, down 4.3% month-on-month, primarily due to significant declines in four major product categories [1] - The import value was 19.85 billion USD, showing a month-on-month decrease of 2.21%, with declines concentrated in two main categories [1] Export Analysis - The decline in exports was driven by significant drops in textile and garment exports (335 million USD), footwear exports (250 million USD), mobile phones and components (120 million USD), and wood and wooden products (110 million USD) [1] - The data indicates a weakening external demand, particularly for labor-intensive products heavily reliant on large markets such as the US and Europe [1] - Foreign investment continues to play a dominant role in exports, accounting for 79.2% of total exports, highlighting a slow growth rate for domestic enterprises [1] Import Analysis - The decrease in imports was primarily focused on two categories: computers, electronic products, and components (210 million USD decrease), which, despite the largest drop, remained the highest import category; and machinery, tools, and components (120 million USD decrease) [1]

Group 1 - The company, Tianchuang Fashion, is celebrating its upcoming 10th anniversary since its listing by launching a "2025 Annual Shareholder Return Activity" [2] - The company is soliciting feedback from shareholders regarding its products [2] - Shareholders registered by the market close on September 9 can apply for a 70% discount coupon, limited to one per individual shareholder and up to five for corporate shareholders [2] Group 2 - The discount coupon can be used on the WeChat mini-program "KISSCAT" [2] - The application period for the discount coupon is from September 22 to October 10 [2]

新华财经圣保罗9月20日电（记者杨家和）在巴西圣保罗证券交易所基准股指Ibovespa创下历史新高的 同时，美元兑巴西雷亚尔持续走弱。这一走势正在直接影响巴西消费者的日常开支，尤其体现在食品价 格的下降上。 去年年底，美元兑雷亚尔一度升至1美元兑换6.30雷亚尔，如今已回落至5.30雷亚尔左右。 尽管如此，强劲的内需为部分行业提供了缓冲。大豆和咖啡等农产品出口商则通过调整市场布局，将部 分出口转向包括中国在内的新兴市场，从而在一定程度上化解了关税、汇率等不利因素的冲击。 （文章来源：新华财经） 数据显示，约40%的居民消费价格指数（IPCA）与汇率波动直接或间接相关。除食品外，服装、鞋类 和玩具等工业品也受美元走势影响。近期巴西食品价格已连续三个月回落，反映出雷亚尔升值的积极效 果。 不过也有分析人士提醒，巴西国内财政不确定性以及外部经济环境的变化，可能限制雷亚尔进一步升值 空间。与此同时，雷亚尔走强也给出口企业带来挑战。出口占巴西国内生产总值约15%，当国际贸易的 美元收入兑换为雷亚尔时，企业获得的实际收益减少。 经济学家马塞拉·卡瓦乌蒂（Marcela Kawauti）在接受媒体采访时表示，食品类通胀对汇 ...

Core Viewpoint - Deckers Outdoor's brands Uggs and Hoka are experiencing a loss of sales momentum, which is expected to pressure the company's profit margins. Bernstein has rated Deckers as "underperform" with a target price of $100 [1] Group 1: Hoka Brand Analysis - Hoka has reached saturation in the U.S. running shoe market and is exiting a prolonged popularity cycle. Future growth rates are expected to slow to high single digits, primarily driven by international markets [1] - Hoka's cushioning technology has been imitated by competitors, and retailers are showing fatigue towards this trend. Nike's strong return in the running shoe sector poses a threat due to its more extensive product line, while On Running continues to expand its market share [2] Group 2: Uggs Brand Analysis - Uggs has seen significant growth in the global casual shoe market, but this category is gradually shrinking as consumers shift towards athletic shoes. The growth rate for Uggs is projected to be around 4%, a decline from the double-digit growth rates seen in previous years [2] Group 3: Financial Performance - Deckers' stock has declined by 43% year-to-date, closing at $115.43, down 2.74% as of the last trading day [3] - Despite both brands currently being profitable with gross margins close to 60%, the anticipated slowdown in growth and shifts in revenue structure towards wholesale and lower-priced categories are expected to gradually decrease profit margins. A forecasted decline of 190 basis points in gross margin is expected from fiscal year 2026 to 2030 [1]

Core Viewpoint - Aokang International, known as the "first stock of men's shoes," is facing significant financial challenges, including continuous losses over the past three years and high share pledges by its major shareholders [1][4][6]. Shareholder Reduction - Aokang International's third-largest shareholder, Xiang Jinyu, has reduced his holdings by 11.39 million shares, accounting for 2.84% of the company's total share capital, resulting in a cash-out of at least 93.53 million yuan [1][2][3]. - Following the reduction, Xiang Jinyu's shareholding has decreased to 7.14%, still making him the third-largest shareholder [2]. - The stock price of Aokang International has seen a significant increase, nearly doubling from its 2024 low, reaching a recent high of 10.26 yuan [2][3]. Financial Performance - Aokang International has reported losses for three consecutive years, with net profits of -374 million yuan in 2022, -93.28 million yuan in 2023, and -216 million yuan in 2024 [4]. - In the first half of 2025, the company recorded a revenue of 1.081 billion yuan, a year-on-year decline of 21.39%, and a net loss of -92.04 million yuan, which is an increase in losses by 364.28% compared to the previous year [4]. - Despite stable gross margins above 40%, the company has been unable to achieve profitability due to high sales expenses and adverse market conditions [4]. Share Pledge Situation - The controlling shareholder, Aokang Investment, holds 27.73% of the shares, while the actual controller, Wang Zhentao, has a combined direct and indirect holding of 40.06% [5][6]. - Aokang Investment has pledged 80.60% of its directly held shares, while Wang Zhentao has pledged 99.08% of his directly held shares [6]. - The company has announced that the controlling shareholder has sufficient repayment capabilities, primarily from operational income and dividends [6].

Core Viewpoint - The company, originally known for its elderly footwear, has shifted to the organic food market, opening over 30 stores and acquiring 80,000 members within three months, despite facing significant financial and legal challenges [2][3][4]. Group 1: Company Background - The company, founded in 2014 by Zhang Jingkang, initially focused on producing shoes for the elderly, achieving rapid sales growth and reaching 4 billion yuan in revenue by 2019 [3]. - The brand gained popularity through effective marketing strategies, including celebrity endorsements and targeted advertising [3]. Group 2: Financial and Legal Challenges - The company has been involved in over 90 legal cases, with a total amount in dispute reaching 808 million yuan, and has been listed multiple times as a dishonest executor [4]. - The founder has faced personal legal issues, including restrictions on high consumption, with total liabilities nearing 200 million yuan [4]. Group 3: Transition to Organic Food - In May 2025, the company announced its entry into the organic food market, offering a wide range of products and adopting a low-price strategy [4]. - The operational strategy mirrors its previous footwear business, utilizing both online and offline channels for promotion, including a membership system that has already generated at least 24 million yuan in fees [4]. - The company plans to expand its organic food stores to 150 by the end of 2025 and 600 by 2026, aiming to replicate its past success in a new industry [4].

Core Viewpoint - Aokang International, known as the "first stock of men's shoes," has announced significant share reductions by its major shareholder, Xiang Jinyu, who has reduced his holdings by 2.84% of the total share capital, raising at least 93.53 million yuan. Despite a recent stock price surge, the company has reported losses for three consecutive years and continues to face financial difficulties in 2025 [1][2][7]. Shareholder Reduction - As of September 12, 2025, Xiang Jinyu's shareholding has decreased to 7.14%, remaining the third-largest shareholder [2][6]. - The share reduction plan was disclosed in August 2025, coinciding with a peak in Aokang's stock price, which reached 10.26 yuan, nearly doubling from its low of 3.46 yuan in February 2024 [2][6]. - Between September 2 and September 4, 2025, Xiang Jinyu sold 4 million shares at a minimum cash value of 33.52 million yuan [2][4]. Financial Performance - Aokang International has reported net losses of 374 million yuan in 2022, 93.28 million yuan in 2023, and 216 million yuan in 2024. The company also recorded a net loss of 92.04 million yuan in the first half of 2025, a 364.28% year-on-year decline [7][12]. - The company's revenue for the first half of 2025 was 1.081 billion yuan, down 21.39% year-on-year, attributed to macroeconomic downturns and increased competition [7][12]. Share Pledge Situation - The actual controller of Aokang, Wang Zhentao, has pledged 99% of his directly held shares, while the controlling shareholder, Aokang Investment, has pledged 80.60% of its shares [10][12]. - Despite the financial struggles, Aokang has distributed over 100 million yuan in dividends in 2024, indicating some liquidity [12].