当前，ESG的重要性日益凸显，已逐渐成为企业的核心价值维度之一。 在此背景下，ESG生态体系加速完善，ESG的监管、披露、评价等标准体系逐步建立，上市公司的ESG披露水平持续提升，而且从被动应对转向主动探索， 部分企业开始推进ESG理念与业务经营深度融合。 这也驱动资本市场形成正向反馈机制：高质量践行ESG提升了ESG投资的有效性，从而壮大ESG投资规模。 同时，从ESG的各个支柱来看，环境责任是ESG"优等生"的必答题。"双碳目标"强力要求所有企业承担环境责任，使其成为一家企业的ESG底色以及衡量 ESG投资价值的关键标尺。 GXG品牌母公司慕尚集团正凭借绿色时尚特质释放出更清晰的价值信号。 7月4日，2025格隆汇金格奖——ESG卓越公司评选结果揭晓，慕尚集团荣获"ESG环境友好卓越企业"。据悉，该奖项旨在聚焦在节能减排、循环经济及生态 保护领域勇于突破、成果斐然的企业，获奖方需凭借可量化的环境效益，彰显低碳技术与生产运营的深度融合，成为绿色产业链的核心推动者，提供出高标 准的参考。 更深层次来看，慕尚集团的脱颖而出，亦是其打造新竞争力与战略布局见效的集中显现，值得深入剖析。 1、价值扩容，ESG成为服装 ...

本报告导读： 稳定高分红， 安全边际出色。2022-2024 年公司分红率为86%/91%/91%，考虑到公司现金流充沛且盈利 稳定，25 年有望延续高分红，对应股息率6%+。 京东奥莱拓店稳步推进，新业态前景广阔。①在拓店方面，根据京东奥莱官方公众号，截至25 年6 月底 已开门店共计23 家，其中山东/河南/江苏/山西/安徽各设有6/4/3/3/3 家门店，在河北、广东、浙江等省 亦有布局。根据官方抖音号数据统计，目前在山东、四川、陕西、江苏等多地有约20 家门店处于已签 约或装修阶段，随着下半年旺季销售渐近，京东奥莱有望加速拓店。展望未来，根据《2024-2025 中国 奥特莱斯行业白皮书》，当前全国奥莱门店数量达到251家，考虑到京东奥莱差异化布局低线城市核心 商圈，未来开店天花板可达200-300 家。②在店效方面，25Q1 京东奥莱新开门店整体爬坡较快，预计 年化坪效可达8000-10000 元；考虑到渠道扣点及低线城市的人工成本较低，预计门店可保持较优盈利 水平。 海澜之家主品牌经营稳健，Q2 基本面稳中向好。25Q2 海澜之家主品牌线下销售稳健，随着Q2 收入基 数环比Q1 走低，Q2 线下销 ...

欣贺股份有限公司 章 程 欣 贺 股份有限公司章程 目 录 第一章 总则 第一条 为维护欣贺股份有限公司（以下简称"公司"）、股东和债权人的 合法权益，规范公司的组织和行为，根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）和 其他有关法律法规，制定本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司。 公司经中华人民共和国福建省厦门市投资促进局厦投促审2012090 号文批 准，由欣贺（厦门）服饰有限公司整体变更设立而成。公司在厦门市市场监督管 理局登记注册，并取得营业执照，统一社会信用代码为 91350200784171077C。 第三条 公司于 2020 年 9 月 23 日经中国证券监督管理委员会（以下简称 "中国证监会"）核准，首次向社会公众发行人民币普通股 10,666.67 万股，于 第四条 公司中文名称：欣贺股份有限公司 英文名称：XIN HEE Co., Ltd 第五条 公司住所：厦门市湖里区岐山路 392 号，邮政编码：361006 第六条 公司注册资本为人民币 42,052.1612 万元。 第七条 公司为永久存 ...

Core Viewpoint - Yongor is strategically divesting financial assets, with significant sales amounting to 4.175 billion yuan, representing 10.13% of the audited net assets as of the end of 2024 [1] Financial Performance - In 2024, Yongor reported total revenue of 14.188 billion yuan, a year-on-year increase of 3.19%, while net profit decreased by 19.41% to 2.767 billion yuan [1] - The company has experienced a decline in net profit for four consecutive years since 2021, with a 15.13% decrease in net profit excluding non-recurring items [1] - Cash recovery from financial investments reached 1.796 billion yuan in 2024, with investment business net profit at 2.209 billion yuan, accounting for approximately 97.7% of total net profit [2] Investment Portfolio - As of the end of 2024, Yongor's financial assets measured at fair value totaled 11.388 billion yuan, with stock investments amounting to 8.829 billion yuan [2] - The company holds shares in various listed companies, including CITIC Limited, CITIC Bank, and others, with cumulative fair value changes for these stocks showing significant losses [2] Business Segments - The fashion segment generated revenue of 6.799 billion yuan in 2024, with a net profit of 431 million yuan, reflecting declines of 6.94% and 43.90%, respectively [3] - The main brand, YOUNGOR, accounted for 90.46% of the fashion segment's revenue, totaling 5.187 billion yuan [3] - In the real estate sector, Yongor reported a pre-sale revenue of 3.331 billion yuan, a decline of 69.03%, while recognized revenue increased by 16.20% to 7.471 billion yuan [3] Recent Trends - In Q1 2025, Yongor's revenue was 2.795 billion yuan, down 15.6% year-on-year, with net profit and net profit excluding non-recurring items decreasing by 13.33% and 12.88%, respectively [3]

每经记者｜蔡鼎 每经编辑｜张海妮 6月25日盘后，赫美集团（002356.SZ，股价3.05元，市值39.99亿元）公告称，公司名下位于深圳市南山区侨城北路高发东方科技园的厂房、公寓合计90套房 产已完成拍卖，最终由深圳市尧庆新材料科技有限公司以7364.93万元竞得。此次拍卖标的评估价值为11507.71万元，经过三次拍卖，最终成交价为7364.93 万元。 《每日经济新闻》记者注意到，标的物系赫美集团于2001年10月22日购买取得，土地用途为工业仓储用地，权利性质为商品房，房屋用途为厂房或单身公 寓。 天眼查显示，此次竞买方深圳市尧庆新材料科技有限公司于今年4月9日成立，注册资本3000万元，所属行业为建筑装饰、装修和其他建筑业。 标的位于深圳核心地段 赫美集团公告称，经初步测算，本次资产处置完成后预计实现处置收益约7100万元，最终影响以审计结果为准。按照最终7100万元的处置收益来计算，其占 赫美集团2024年全年营收4.07亿元的17.44%。 据赫美集团公告中披露的标的资产明细表，此次拍卖的90套房产包含42套公寓和48套厂房，均位于深圳市南山区高发东方科技园内。高德地图显示，深圳市 南山区高发 ...

Core Insights - Abercrombie & Fitch Inc. (ANF) reported record net sales of $1.1 billion for Q1 fiscal 2025, an 8% increase year over year, but experienced a significant decline in gross margin by 440 basis points due to high freight costs and markdowns on winter inventory [1][9] - The company faces a $50 million margin headwind for fiscal 2025 due to a 10% tariff on all global U.S. imports and a 30% tariff on Chinese imports, impacting profitability despite efforts to adjust sourcing and negotiate with vendors [2] - The Hollister brand outperformed expectations with a 22% net sales growth, which helped mitigate a 4% decline in Abercrombie brand sales, attributed to promotional pressures and tough comparisons from the previous year [3][9] Financial Performance - ANF's operating margin decreased to 9.3% from 12.7% a year ago, reflecting the strain on gross margins [1] - The forward price-to-earnings ratio for ANF is 7.32X, significantly lower than the industry average of 17.32X, indicating potential undervaluation [10] - The Zacks Consensus Estimate indicates a projected decline of 4.9% in ANF's earnings for 2025, with a slight recovery expected in 2026 with a growth estimate of 3.9% [11] Future Outlook - Management anticipates sequential improvement in gross margin as freight costs ease and carryover inventory is reduced, although challenges remain due to tariffs [4] - The company's strong brand equity, flexible supply chain, and disciplined inventory management are seen as key factors that could help navigate current market pressures [4] Industry Context - Peers such as American Eagle Outfitters (AEO) and Gap Inc. (GAP) are also facing similar cost pressures and are implementing agile supply chain strategies to protect margins [5][6][7]

登录新浪财经APP 搜索【信披】查看更多考评等级 A 股代码 600295 A 股简称 鄂尔多斯 编号：临2025-015 B 股代码 900936 B 股简称 鄂资B股 内蒙古鄂尔多斯资源股份有限公司 关于2024年年度业绩说明会召开情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 一、业绩说明会召开情况 内蒙古鄂尔多斯资源股份有限公司（以下简称"公司"）于2025年6月18日下午16:00-17:00通过上证路演 中心（https://roadshow.sseinfo.com/）在线召开2024年年度业绩说明会。公司董事兼总经理张磊先生、董 事兼董事会秘书郭升先生、独立董事张世潮先生、财务总监刘建国先生针对公司发展的经营业绩、发展 规划等投资者关心的问题与广大投资者进行交流和沟通，在信息披露允许的范围内就投资者普遍关注的 问题进行了回答。 二、交流的主要问题及本公司的回复情况 本次业绩说明会中投资者提出的主要问题及回复整理如下： （一）请您介绍下贵司的KVSS品牌？ 答复：尊敬的投资者，您好！公司的供应链品牌"K ...

Group 1 - Urban Outfitters (URBN) has reached a key level of support and crossed above the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average (SMA) is favored by traders as it smooths out short-term price trends and provides trend reversal signals [2][3] - URBN has moved 12.8% higher over the last four weeks and is currently rated as a Zacks Rank 1 (Strong Buy) stock [5] Group 2 - Positive earnings estimate revisions support the bullish case for URBN, with no estimates decreasing in the past two months and six estimates increasing [5] - The consensus estimate for URBN has also increased, suggesting potential for further gains [6]

Group 1 - The core viewpoint of the article highlights the evolving role of sports in society, as discussed by renowned athletes Li Ning and Li Lingwei during the "Olympics and Me" public lecture at Beijing Sport University [1][2] - The public lecture is part of a series launched by the Chinese Olympic Academy, aimed at interpreting the core values of the Olympic spirit through insights from industry experts [1] - Li Ning emphasized that sports have taken on various responsibilities throughout different stages of China's social development, reflecting a richer role in areas such as physical fitness, economic stimulation, and education [2] Group 2 - Li Ning shared his personal journey from being an Olympic champion to transitioning into the business sector, highlighting the challenges he faced in understanding finance, sales, and human resources when starting his company [3] - He advised contemporary youth to embrace challenges and learn from failures, emphasizing the importance of self-belief and resilience in overcoming obstacles [3] - The dialogue also touched on the historical context of sports in China, noting that the initial focus was on enhancing public health, which evolved to include national image and international diplomacy as the country developed [2]

1 | | 品牌授权的模式开展成人鞋业务。这将进一步推动品牌的各品 | | | --- | --- | --- | | | 类资源整合，以进一步释放各品类的协同效益，进一步维护和 | | | | 提升品牌价值。 | | | | 4、未来销售费用是否会有提升。 | | | | 相较于以前年度，今年的销售费用预计会有所提升。首先 | | | | 男女装业务的加入增加了必要的营销费用。既有常态化的明星 | | | | 合作、达人种草、线上推广等，也会随着线下渠道的铺设开展 | | | | 系列营销活动，例如户外广告、地面推广等；其次 2025 年是 | | | | 水孩儿品牌三十周年，公司也将围绕品牌周年庆等时间节点开 | | | | 展积极的营销活动。 | | | | 5、公司是否感受到了市场压力，未来如何发展。 | | | | 市场周期性波动是一直存在的，公司将聚焦主业，不断地 | | | | 持续升级更新产品和服务，不断地给消费者带来新的穿着体 | | | | 验，重研发、提品质、丰富产品功能性、强化品牌文化、优化 | | | | 营销策略，为消费者提供更大的情绪价值。公司认为坚持品牌 | | | | 定位才 ...