（一）基本情况 证券代码：603839 证券简称：安正时尚 公告编号：2025- 048 安正时尚集团股份有限公司 关于控股子公司上海礼尚信息科技有限公司为其全 资子公司提供担保的公告 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。 重要内容提示： ? 担保对象及基本情况 被担保人名称 礼乐（香港）电子商务有限公司 本次担保金额 不超过 800.00 万美元 担保对 象 实际为其提供的担保余额 0 是否在前期预计额度内 ?是 否 □不适用：_________ 本次担保是否有反担保 □是 否 □不适用：_________ ? 累计担保情况 对外担保逾期的累计金额（万元） 0 截至本公告日上市公司及其控股 子公司对外担保总额（万元） 对外担保总额占上市公司最近一 期经审计净资产的比例（%） □对外担保总额（含本次）超过上市公司最 近一期经审计净资产 50% □对外担保总额（含本次）超过上市公司最 近一期经审计净资产 100% 特别风险提示（如有请勾选） □对合并报表外单位担保总额（含本次）达 到或超过最近一期经审计净资产 30% ...

Core Insights - The article highlights a significant shift in consumer behavior towards experiential shopping, moving from mere consumption to seeking emotional and sensory experiences in retail environments [1][4][25] - The rise of the "experience economy" is evident, with consumers desiring more than just products; they seek engaging interactions and memorable experiences [1][18] Group 1: Consumer Trends - Data from the National Bureau of Statistics indicates that from 2013 to 2024, per capita service consumption expenditure in China increased from 5,000 yuan to 13,000 yuan, with its share of total consumption rising from 39.7% to 46.1% [1] - Over one-third of young consumers prefer shopping in physical stores not just for purchasing but for the atmosphere and inspiration [1] - The emergence of the "He Economy" reflects a growing trend where male consumers are increasingly focused on self-care and grooming, with online sales of men's skincare products projected to grow nearly 20% year-on-year in 2024 [5][9] Group 2: Company Initiatives - Watsons has launched new in-store experiences targeting men, children, and health, enhancing sensory experiences and emotional satisfaction for consumers [1][14] - The "Male Equipment Supply Station" has been introduced in key cities, featuring a rugged industrial design to create a dedicated shopping space for male consumers, significantly improving product visibility and shopping convenience [5][14] - Watsons plans to expand the "Male Equipment Supply Station" to 300 stores nationwide, tapping into the previously underdeveloped male consumer market [14][25] Group 3: Children's Market - Watsons has created a "Children's Selected Zone" in select stores, offering over 250 products tailored for children aged 3 and above, reflecting the shift towards a more refined and emotional approach to children's consumption [12][18] - The introduction of children's makeup services and play areas in stores aims to enhance the shopping experience for families, allowing parents to shop while their children are entertained [18][25] Group 4: Health and Wellness Focus - Watsons is leveraging its health and beauty heritage by establishing health experience centers in multiple cities, aiming for a threefold increase in health product sales over three years [21][25] - The company is also integrating AI technology with the launch of an AI health consultant, providing personalized health advice and enhancing the consumer experience [25]

Core Insights - The report titled "2025 Store Evolution: A Data-Driven Analysis of Boutique and Health Management Stores" highlights a fundamental shift in the operational logic of boutique stores, moving from a focus on "source differentiation" to "user relationship differentiation" [1] Group 1: Market Overview - The current estimated number of maternal and infant stores is approximately 140,000 to 150,000, with boutique stores theoretically accounting for 5% to 7% (7,000 to 9,000 stores) [4] - Despite the theoretical capacity for boutique stores nearing 10,000, only about 4,000 to 5,000 are operational due to market pressures, indicating a structural surplus [4] Group 2: Regional Differences - Eastern China is identified as the core boutique market, facing high rent and competition, leading some stores to transition towards "health management" or "functional nutrition" [5] - Southern China is emerging as a new consumption area for refined parenting, with severe consumption stratification and a shift of high-end consumers to online platforms [5] - Central and Northern China are experiencing fluctuations in new middle-class consumption, with declining survival rates for boutique stores [5] - In Southwest and Northwest regions, boutique stores are primarily located in major cities, with a focus on community-based, high-experience stores [5] Group 3: Consumer Behavior and Trends - Parents' mindset has shifted from "imported is better" to "reasonable ingredients + cost-effectiveness," diminishing the advantages of imported products in boutique stores [7] - Nutritional products are becoming the primary growth driver for boutique stores, especially functional nutrition products that build trust and encourage repeat purchases [7] - The introduction of trendy interactive products, such as blind boxes and educational toys, is seen as a new direction for boutique store transformation, catering to the interests of younger parents [7] Group 4: Future Directions - To navigate market changes, channel distributors must overcome homogenization by restructuring product offerings and focusing on store value to seize structural growth opportunities [7]

Group 1: Industry Overview - The embodied intelligent robot industry is gaining global attention as a key focus area in the technology wave [1][2] - Shandong Province, particularly Qingdao, is positioning itself as a significant innovation hub and manufacturing center for humanoid robots within its "10+1" industrial system [1] Group 2: Company Developments - Leju Zhijia (Qingdao) Robot Technology Co., Ltd. has introduced the "Kua Fu" robot, which showcases high flexibility and intelligence, capable of performing complex tasks and customizable functions [1] - Shandong Zhuoye Medical Technology Co., Ltd. has developed the world's first AI percutaneous puncture surgical navigation robot, enhancing precision in minimally invasive treatments [2] Group 3: Technological Advancements - The integration of chips, sensors, and software is crucial for the embodied intelligent robot industry, with Qingdao establishing a comprehensive industrial chain covering key components and applications [2] - Key component manufacturers like Guohua (Qingdao) Intelligent Equipment Co., Ltd. and Hexagon Intelligent Manufacturing Technology (Qingdao) Co., Ltd. are achieving advanced performance levels and providing effective solutions for humanoid robots [2] Group 4: Application Expansion - Qingdao enterprises have made significant strides in various application scenarios, with Haier launching multiple robot products for factory and home services [3] - The city has recently announced over 60 super scenarios covering children's and elderly services, smart homes, and industrial manufacturing to accelerate the commercialization of embodied intelligent robots [3]

Group 1 - The "Belt and Road" initiative is creating opportunities and challenges for foreign trade enterprises in the Hotan region, prompting local tax authorities to optimize services and implement tax incentives to support businesses in expanding overseas markets [1] - Xinjiang Jingluo Group has established cooperation agreements with foreign companies, highlighting the need for better understanding of foreign tax policies and compliance [2] - The Hotan tax bureau has formed a cross-border tax service team to provide tailored tax solutions for businesses engaged in international operations, addressing concerns about international policy fluctuations and trade barriers [2] Group 2 - Luopu Dream E-commerce Co., Ltd. has successfully signed intention cooperation agreements with companies in Uzbekistan to develop a cross-border e-commerce platform, emphasizing the importance of compliance in business operations [3] - The Hotan tax bureau is conducting specialized training for businesses on tax declaration, collection, and legal responsibilities, promoting compliance and awareness of tax obligations [3] - The Hotan tax bureau plans to continue enhancing tax services and risk prevention measures to foster a fair tax environment for export enterprises [4]