推动传统产业向高端化、智能化、绿色化转型，是深圳建设中国特色社会主义先行示范区，培育区域竞争新优势、抢占全球价值链高端的关键举措。进一步 提升龙华大浪时尚服装产业发展效能，探索改造升级传统产业的有效路径，更是深圳推动传统优势产业向全球价值链高端跃升、培育区域竞争新优势的重要 内容。 转自：中国质量报 创新质量强企强链强县（区）融合发展新路径 深圳大浪时尚小镇"产业+民生"质量联动提升试点工作取得初步成效 □ 吴 芳 吕秀清 黄远辉 本报记者 许创业 在粤港澳大湾区核心引擎城市深圳，龙华区大浪时尚小镇正以一场深刻的质量变革，重新定义传统产业升级与民生福祉提升的内在关联。作为深圳"产业 +民生"质量联动提升的试验田，大浪时尚小镇通过创造性开展投资于物和投资于人紧密结合的质量强企强链强县（区）融合新模式，书写着融合发展的生 动篇章。 从AI检测技术赋能产业提质，到定制巴士解决通勤难题；从产业链协同打造优质生态，到技能培训助力工人成才，大浪时尚小镇用一个个鲜活实践，初步 探索出"产业发展与人的发展同频共振"的创新模式，交出了一份兼具厚度、温度与力度的时代答卷。 5级联动：从概念设计到生动实践 多年来，龙华区始终以大浪 ...

女装卖不动了，就花14.2亿买锂电材料公司，日播时尚的跨界并购于12月10日过会。 两次重组目标均为实控人梁丰持股的资产，但策略明显不同。前次计划完全置出原有业务，实现彻底转 型；此次则保留女装业务，采取渐进式转型路径。 日播时尚的跨界豪赌面临多重风险。首先便是商誉减值风险，6.4亿元的商誉相当于公司2025年一季度 末净资产的几乎全部。 这家以中高端女装为主营业务的公司，计划斥资14.2亿元收购锂电池粘结剂企业茵地乐71%股权，将业 务版图扩展至新能源材料领域。 主业不振推动跨界转型。日播时尚作为传统女装企业，近年来面临增长困境。2024年公司归母净利润亏 损高达1.59亿元，一举吞噬了过往三年累计利润。 标的资产茵地乐全部权益评估值为20.05亿元，较其账面净资产增值103.40%。根据最新调整后的方案， 若交割在2025年底前完成，茵地乐2025——2027年承诺净利润分别不低于2.16亿元、2.25亿元、2.33亿 元。2023年、2024年及2025年1—9月，茵地乐分别实现净利润1.81亿元、2.04亿元和2.47亿元。 本次交易总价14.2亿元，其中股份支付11.61亿元，现金支付2.59亿元。 ...

Core Insights - Xinha Co., Ltd. reported a revenue of 1.055 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 3.65% [1] - The net profit attributable to shareholders was 10.3768 million yuan, showing a significant year-on-year growth of 135.47% [1] - The company’s basic earnings per share stood at 0.02 yuan [2] Financial Performance - The gross profit margin for the first three quarters of 2025 was 66.87%, a decrease of 0.66 percentage points year-on-year [2] - The net profit margin was 0.98%, an increase of 3.86 percentage points compared to the same period last year [2] - In Q3 2025, the gross profit margin dropped to 60.79%, down 6.84 percentage points year-on-year and 9.45 percentage points quarter-on-quarter [2] - The net profit margin for Q3 2025 was -1.24%, which is an increase of 9.47 percentage points year-on-year but a decrease of 3.61 percentage points from the previous quarter [2] Expense Management - Total operating expenses for the period were 617 million yuan, a decrease of 28.1231 million yuan year-on-year [2] - The expense ratio was 58.52%, down 4.90 percentage points from the same period last year [2] - Sales expenses decreased by 3.30%, management expenses decreased by 11.53%, R&D expenses decreased by 4.07%, and financial expenses decreased by 7.71% year-on-year [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 15,300, a decrease of 704 from the end of the previous half-year, representing a decline of 4.40% [2] - The average market value per shareholder increased from 201,000 yuan at the end of the previous half-year to 216,500 yuan, an increase of 7.72% [2] Company Overview - Xinha Co., Ltd. is located in Xiamen, Fujian Province, and was established on June 7, 2006, with its listing date on October 26, 2020 [3] - The company specializes in the design, production, and sales of mid-to-high-end women's clothing, with main business revenue composition being 97.59% from ready-to-wear, 1.55% from accessories, and 0.86% from other sources [3] - The company is classified under the textile and apparel industry, specifically in non-sports clothing, and is associated with several concept sectors including the Fujian Free Trade Zone and digital economy [3]

该行认为，公司具备持续成长和抵御周期波动的能力：公司以设计驱动+精细化全域零售管理，通过独 特调性的产品和品牌体验，构筑不断增长且高粘性粉丝会员群体。反映到经营结果上，FY25(截至 25/6/30)在客流承压背景下，公司仍能保持同店持平。据渠道调研，今年以来公司流水维持单位数以上 正增，7月/8月零售流水同比分别+高单/+双位数以上，好于中高端女装行业整体。公司作为多品牌布局 的设计师品牌集团，具备独特经营alpha和韧性，可积极关注。 智通财经APP获悉，民银国际发布研报称，江南布衣(03306)FY25收入及利润符合预期，同店稳健，会 员高粘性，新兴品牌高增。FY25(截至2025/6/30)收入同比+4.6%至55.5亿元，归母净利同比+5.3%至8.9 亿元，毛利率同比-0.3pp至65.6%，派息率保持75%。期末存货同比+24%至9.3亿元，据渠道调研，公司 7-8月奥莱渠道存货去化较好，且部分存货增加与25秋冬备货相关，合理可控。 据业绩会，公司指引稳健，维持FY26百亿零售目标，对应营收目标60亿，毛利率/净利润率目标分别为 65%以上/15%以上，派息率保持75%，据iFind一致预期和收 ...

Core Viewpoint - The traditional clothing industry is facing significant challenges, prompting companies to seek control changes and business transformations to improve performance [1][4]. Group 1: Company Developments - Three clothing companies, Anniel, *ST Jinbi, and Bangjie, are planning or implementing control changes to revitalize their businesses amid poor performance [1][4]. - *ST Jinbi has been warned of delisting due to continuous net profit losses and revenue below 300 million yuan [1][3]. - Anniel has reported a revenue decline of over 20% year-on-year in 2024, with a net loss of 115 million yuan [3]. Group 2: Industry Trends - The clothing industry is experiencing a downturn, with nearly 70% of traditional clothing companies in the A-share market reporting declining or negative profits in 2024 [4]. - New controlling shareholders often inject new assets to optimize business structures and enhance profitability, which could provide new growth momentum for companies [4][7]. Group 3: Transformation Strategies - Companies are exploring dual business operations or cross-industry transformations to create new growth points [5][6]. - Daybo Fashion is attempting to enter the lithium battery adhesive market through a restructuring plan, while Xinha shares is investing in emerging industries like low-altitude economy and artificial intelligence [6]. - Bangjie is undergoing a control change after a failed transition to the photovoltaic industry, which led to significant losses [7].

Group 1 - The core lesson learned in Africa emphasizes the importance of respecting the market, culture, and human nature [1] - The company conducted market research in Tanzania, focusing on the clothing and toy markets [4][12] - The clothing market in Tanzania is evolving, with an increasing number of wealthy individuals seeking mid to high-end fashion [10][11] Group 2 - The toy market in Tanzania is still in its infancy, presenting significant growth potential due to the high birth rate [12] - The company identified that imported toys are expensive due to high shipping costs and tariffs, making them less accessible to the average consumer [13][14] - The company observed a rapid change in the clothing market, with improved store displays and a rise in online shopping [13] Group 3 - The company faced challenges in selling bed linens due to local competition and consumer preferences [32] - The company encountered difficulties with product selection, leading to unsold inventory and financial losses [33][36] - The registration and tax compliance process in Tanzania proved to be costly and complicated, resulting in unexpected fines [37][39]