自控股上海嘉乐以来，开润股份积极推进业务整合，发挥产业协同效应，拉动其运营效率与业绩持续攀 升。 12月29日晚间，开润股份（300577）发布公告，全资子公司滁州米润科技有限公司(下称"滁州米润")拟 进一步收购上海嘉乐股份有限公司(下称"上海嘉乐")28.15%股份，交易作价为3.94亿元。 此前，滁州米润已持有上海嘉乐71.85%股份，本次交易完成后，滁州米润将对上海嘉乐实现100%持 股，上海嘉乐正式成为开润股份的全资子公司。公司表示，本次交易将提高运营和决策管理效率，降低 管理成本，实现整体资源的优化配置，为打造"面料+成衣"第二增长曲线奠定坚实基础。 公开资料显示，上海嘉乐创建于1993年，具备从面料研发、织造、染整、印(绣)花到成衣的垂直一体化 生产能力，主要生产和销售各类中高档纺织休闲时装和运动系列产品，产能服务于Uniqlo、Adidas、 Puma、MUJI等全球知名客户，在上海和印尼均建有"纺织面料+服装"的垂直一体化生产基地，并在安 徽建有成衣制造基地，具备丰富的全球化运营和管理经验。 开润股份起步于箱包制造业务，近年来围绕"同一品类延展客户、同一客户延展品类"的发展战略，持续 延伸产 ...

Core Viewpoint - The acquisition of a 20% stake in Shanghai Jiale by Kairun Co., Ltd. aims to enhance control and operational efficiency, supporting the company's strategy of creating a "fabric + garment" growth curve [1][3]. Group 1: Acquisition Details - Kairun's wholly-owned subsidiary, Chuzhou Mirun Technology Co., Ltd., plans to acquire a 20% stake in Shanghai Jiale for 280 million yuan, funded through self-raised or self-owned funds [1]. - After the acquisition, Chuzhou Mirun's stake in Shanghai Jiale will increase to 71.85%, further consolidating control [1]. Group 2: Shanghai Jiale's Performance - Since being included in Kairun's consolidated financial statements in June 2024, Shanghai Jiale achieved a revenue of 1.489 billion yuan in 2024, a year-on-year increase of 15.81%, and a net profit of 48.93 million yuan, marking a return to profitability [2]. - In the first half of 2025, Shanghai Jiale reported a revenue of 685 million yuan, a year-on-year growth of 6%, and a net profit of 34.75 million yuan, a significant increase of 65.01% [2]. Group 3: Strategic Integration and Synergy - Kairun is actively promoting the integration of Shanghai Jiale's apparel business with its existing bag business, enhancing operational efficiency and performance [2]. - The company is focusing on digitalization and refined operations at Shanghai Jiale, leading to improved management, customer expansion, and innovation [2]. - The acquisition is seen as a critical step in optimizing the industrial layout and enhancing strategic synergy, which is expected to provide broader development opportunities in the apparel sector [3].