天眼查App显示，近日，靖江市星瑞网上服装店（个体工商户）成立，法定代表人为侯林，注册资本5 万人民币，经营范围为一般项目：服装服饰零售；互联网销售（除销售需要许可的商品）；个人互联网 直播服务；针纺织品销售；羽毛(绒)及制品销售；箱包销售；鞋帽零售（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）。 ...

天眼查App显示，近日，云南三好鞋业有限公司成立，法定代表人为陆元春，注册资本100万人民币， 经营范围为一般项目：皮革制品制造；鞋帽零售；皮革销售；箱包销售；服装服饰批发；服装服饰零 售；服饰研发；鞋帽批发；针纺织品及原料销售；会议及展览服务；国内贸易代理；货物进出口；进出 口商品检验鉴定。（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）。 ...

天眼查App显示，近日，永州市冷水滩区泥柄考商贸有限公司成立，法定代表人为沙志友，注册资本10 万人民币，经营范围为一般项目：互联网销售（除销售需要许可的商品）；针纺织品及原料销售；日用 百货销售；家用电器销售；塑料制品销售；办公设备销售；特种劳动防护用品销售；劳动保护用品销 售；针纺织品销售；服装服饰零售；鞋帽零售；日用品销售；厨具卫具及日用杂品零售；个人卫生用品 销售；礼品花卉销售；母婴用品销售；钟表销售；眼镜销售（不含隐形眼镜）；箱包销售；自行车及零 配件零售；户外用品销售；体育用品及器材零售；文具用品零售；工艺美术品及收藏品零售（象牙及其 制品除外）；乐器零售；玩具、动漫及游艺用品销售；照相器材及望远镜零售；日用家电零售；五金产 品零售；灯具销售；家具销售；卫生洁具销售；皮革销售（除依法须经批准的项目外，自主开展法律法 规未禁止、未限制的经营活动）。 ...

天眼查App显示，近日，修水县莱恩卫生用品有限公司成立，法定代表人为涂敏，注册资本10万人民 币，经营范围为一般项目：成人情趣用品销售（不含药品、医疗器械），卫生用品和一次性使用医疗用 品销售，个人卫生用品销售，服装服饰零售，互联网销售（除销售需要许可的商品），鞋帽零售，皮革 制品销售，针纺织品销售，日用品销售，橡胶制品销售，玩具销售（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）。 ...

天眼查App显示，近日，泸州市龙马潭区印竹纸业经营部（个体工商户）成立，法定代表人为谭琴，注 册资本1万人民币，经营范围为许可项目：食品销售。（依法须经批准的项目，经相关部门批准后方可 开展经营活动，具体经营项目以相关部门批准文件或许可证件为准）一般项目：纸制品制造；纸制品销 售；包装材料及制品销售；办公用品销售；普通货物仓储服务（不含危险化学品等需许可审批的项 目）；竹制品销售；日用品销售；日用品批发；日用杂品制造；日用杂品销售；针纺织品销售；文具用 品批发；文具用品零售；五金产品批发；五金产品零售；文化、办公用设备制造；建筑材料销售。（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）。 ...

Investment Rating - The investment rating for the retail industry is "Outperform the Market" (maintained) [3][17]. Core Viewpoints - In July 2025, the total retail sales of consumer goods reached 38,780 billion, with a year-on-year growth of 3.7%. Excluding automobiles, the growth was 4.3% [4][5]. - The growth trend in retail sales continues, with goods retail growing by 4% and catering income increasing by 1.1% in July [4][5]. - For the first seven months of 2025, the total retail sales amounted to 284,238 billion, reflecting a growth of 4.8% [5]. Summary by Relevant Sections Retail Sales Performance - In July 2025, essential goods maintained steady growth, with categories such as grain and oil, tobacco and alcohol, and daily necessities growing by 8.6%, 2.7%, and 8.2% respectively. In the optional category, cosmetics, gold and jewelry, and clothing grew by 4.5%, 8.2%, and 1.8% respectively [4][8]. - The online retail sales for the first seven months of 2025 increased by 9.2%, with physical goods online retail sales growing by 6.3%, accounting for 24.9% of total retail sales [8]. Future Outlook and Investment Suggestions - The report anticipates that domestic policies focusing on stimulating consumption and countering supply-side issues will create a favorable environment for future consumption recovery [4][11]. - Recommendations for long-term investment opportunities include: 1. Cross-border expansion: With improving external trade conditions, companies like Xiaogoods City, Focus Technology, and Anker Innovation are highlighted [4][11]. 2. Gold and jewelry: Companies such as Chao Hong Ji, Chow Tai Fook, and Cai Bai Co. are expected to benefit from high gold prices and consumer demand [4][11]. 3. Beauty and personal care: Brands like Shiseido, Dengkang Oral Care, and Shanghai Jahwa are positioned to gain market share due to domestic product replacement [4][11]. 4. Traditional retail: Companies like Chongqing Department Store and Miniso are noted for their potential in improving performance and being undervalued [4][13].

Core Insights - Huizhou Morning Star New Materials Co., Ltd. has been established with a registered capital of 2 million RMB [1] - The company focuses on a wide range of activities including new material technology research and promotion, sales of textile products, and various types of materials [1] Company Overview - The registered capital of the company is 2 million RMB [1] - The business scope includes general projects such as new material technology research and promotion services [1] - The company will engage in the sales of various materials including bio-based materials, high-performance fibers, composite materials, and new catalytic materials [1] Industry Focus - The company is positioned in the new materials sector, which encompasses a variety of innovative materials and technologies [1] - The operational activities include the sales of insulation and soundproofing materials, high-performance sealing materials, and refractory materials [1] - The company also engages in domestic trade agency and brokerage services, expanding its operational capabilities [1]

Core Points - Recently, Saiang Technology (Shantou) Co., Ltd. was established with a registered capital of 100,000 RMB [1] - The company's business scope includes technology services, development, consulting, exchange, transfer, and promotion [1] - The company also engages in the sale of various textile products and materials, including high-performance fibers, synthetic fibers, and composite materials [1] Business Scope - General projects include technology services, technical development, and consulting [1] - Sales activities cover a wide range of products such as textiles, outdoor goods, and high-quality synthetic rubber [1] - The company is involved in domestic trade agency, sales agency, and internet sales, excluding items that require special permits [1] Import and Export - The company is also registered for general projects that require filing, including goods import and export, as well as technology import and export [1]

Group 1 - A new company named Zhongshan Guangjuyuan Trading Firm has been established as a sole proprietorship with a registered capital of 30,000 RMB [1] - The business scope includes retail and wholesale of clothing and accessories, sales of textiles and clothing materials, daily necessities, watches, bags, and machinery [1] - The company is also involved in internet sales (excluding items requiring licenses), information consulting services (excluding licensed consulting services), and various other services such as household services and consignment services [1]

Core Viewpoint - Hengyang Fanxing Agricultural Technology Co., Ltd. has been established with a registered capital of 1 million RMB, focusing on various agricultural and food-related services [1] Company Summary - The legal representative of the company is Liu Yongquan [1] - The company’s business scope includes food sales, internet live streaming technology services, and various agricultural product activities [1] - Specific activities include the acquisition, initial processing, wholesale, and retail of edible agricultural products [1] - The company is also involved in supply chain management services and internet sales, excluding items that require special permits [1] Industry Summary - The company operates in the agricultural technology sector, emphasizing the integration of internet services with traditional agricultural practices [1] - It offers a wide range of products and services, including textiles, home goods, daily necessities, and electronic products [1] - The establishment of this company reflects a growing trend in the agricultural industry towards digitalization and e-commerce [1]