12月31日，伟星股份跌1.03%，截至发稿，报10.58元/股，成交3429.28万元，换手率0.32%，总市值 125.78亿元。 资料显示，浙江伟星实业发展股份有限公司位于浙江省临海市前江南路8号伟星股份大洋工业园区，成 立日期1988年5月11日，上市日期2004年6月25日，公司主营业务涉及钮扣、拉链、金属制品等服装辅料 的研发、制造与销售,高端军用卫星导航产品的研发、生产销售和技术服务。主营业务收入构成为：拉 链55.30%，钮扣39.61%，其他服饰辅料3.62%，其他1.47%。 从基金十大重仓股角度 数据显示，中泰证券资管旗下1只基金重仓伟星股份。中泰ESG主题6个月持有混合发起（016945）三季 度减持2300股，持有股数5.93万股，占基金净值比例为4.05%，位居第九大重仓股。根据测算，今日浮 亏损失约6523元。 中泰ESG主题6个月持有混合发起（016945）成立日期2024年1月23日，最新规模1492.3万。今年以来收 益16.35%，同类排名4931/8085；近一年收益15.97%，同类排名4813/8085；成立以来收益38.05%。 中泰ESG主题6个月持有混合发起（ ...

数据显示，东方阿尔法基金旗下1只基金重仓伟星股份。东方阿尔法兴科一年持有混合A（015900）三 季度持有股数57.06万股，占基金净值比例为8.3%，位居第九大重仓股。根据测算，今日浮亏损失约 6.28万元。 12月31日，伟星股份跌1.03%，截至发稿，报10.58元/股，成交3430.12万元，换手率0.32%，总市值 125.78亿元。 资料显示，浙江伟星实业发展股份有限公司位于浙江省临海市前江南路8号伟星股份大洋工业园区，成 立日期1988年5月11日，上市日期2004年6月25日，公司主营业务涉及钮扣、拉链、金属制品等服装辅料 的研发、制造与销售,高端军用卫星导航产品的研发、生产销售和技术服务。主营业务收入构成为：拉 链55.30%，钮扣39.61%，其他服饰辅料3.62%，其他1.47%。 从基金十大重仓股角度 截至发稿，尹智斌累计任职时间2年62天，现任基金资产总规模6997.91万元，任职期间最佳基金回报 65.04%， 任职期间最差基金回报32.22%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何 ...

投资者关系活动记录表 编号：2025-035 | | √特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | √现场参观 □其他： | | 参与单位名称及 人员姓名 | 摩根基金：邢达 | | 时间 | 2025 年 12 月 25 日 | | 地点 | 临海 | | 上市公司接待人 | 黄志强、郑婷燕、邱逸远 | | 员姓名 | | | | 1、公司从什么时候开始做拉链？主要的发展过程？ | | | 答：公司 2000 年左右开始涉足拉链业务。依靠钮扣业务所积累的影响力和营 | | | 销渠道，公司切入服装用条装拉链，并实现了快速发展，特别是持续推进国际化 | | | 战略、数智化转型升级等重点工作，推动公司拉链业务核心竞争力进一步提升， | | | 从而推动拉链业务快速发展。 | | | 2、公司在智能制造方面的进展？ | | | 答：智能制造是公司的核心战略之一。公司以智慧工厂为目标，以数字化转 | | | 型为契机，全面推行生产标准化、设备智能化、管理数据化，打造产业协同平台， | | 投资 ...

编号：2025-034 | | √特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | √现场参观 □其他： | | 参与单位名称及 | 兴全基金：徐留明 | | 人员姓名 | | | 时间 | 2025 年 12 月 17 日 | | 地点 | 临海 | | 上市公司接待人 员姓名 | 黄志强、郑婷燕、邱逸远 | | | 1、当前快反订单占比有多少？公司的举措？ | | | 答：随着经济的发展，人民生活水平的不断提升，消费者对于服装个性化的 | | | 需求日益凸显；此外品牌客户为了降低库存风险，提高运营质量，受前述原因综 | | | 合影响，服装品牌客户对于快反的需求越来越明显。 | | | 针对小批量、多批次、快交期的行业订单趋势，公司除了增强服务意识之外， | | | 还不断通过智能制造和柔性制造体系的打造来保障生产效率，多方面的举措形成 | | | 了公司较强的快反能力。 | | | 2、公司海外工业园情况如何？未来规划？ | | 投资者关系活动 | 答：目前孟加拉和越南两家海外工厂均呈现 ...

Group 1: Recent Business Performance - The company has seen an improvement in order intake due to winter clothing replenishment, although overall industry sentiment remains cautious [2] - Sports and outdoor brands are performing better among the company's clients, with winter clothing brands also showing positive results [2] - The company maintains a prudent outlook on industry recovery in the short term, focusing on its core business of apparel accessories and aiming to enhance brand influence and product competitiveness in the long term [2] Group 2: Profitability and Margins - The company's gross margin is influenced by various factors including raw materials, product structure, and production-sales scale, with a commitment to sustainable profit levels rather than solely pursuing high margins [2][3] - Other apparel accessories, such as webbing, currently have lower gross margins due to being in the cultivation stage and not fully realizing economies of scale [3] Group 3: International Operations - The Vietnam industrial park has shown significant improvement in operations this year, although ramping up capacity and increasing orders will take time [4] - Major clients in Vietnam include apparel brands and designated processing factories, covering sectors like sports, outdoor, and fast fashion [4] Group 4: Customer Base and Growth Strategy - Historical data indicates that new brand clients require years of effort to establish deep cooperation, with annual growth primarily coming from existing client share increases [5] - The company is pursuing both existing client share enhancement and new brand client development as part of its international strategy for stable long-term growth [5] Group 5: Competitive Landscape - Major competitors include YKK and other suppliers serving mid-to-high-end apparel brands, with YKK's strengths in brand recognition and manufacturing capabilities [6] - The company differentiates itself through a "product + service" approach, emphasizing quality products and comprehensive service, alongside strong capabilities in product diversity, fashion, and innovation [6] Group 6: Sales and Capital Expenditure - The company's sales model is direct, primarily through subsidiaries selling to global apparel brands and their designated processing factories [7] - Future capital expenditures will focus on smart manufacturing improvements and overseas capacity expansion, with a commitment to sustainable development and shareholder returns in profit distribution [7]

Group 1: Company Strategy and Development - The company has established two overseas production bases in Bangladesh and Vietnam to enhance its international strategy and cope with rising labor costs and intensified competition in the textile and apparel industry [2] - The company is focusing on automation and digital management to ensure sustainable business development and has achieved significant growth in recent years [2] - The company aims to maintain its core business in apparel accessories and is optimistic about its future development prospects [2] Group 2: Competitive Advantages - The company's core competitive advantage lies in its strong corporate culture and experienced management team, which emphasizes sustainable development and innovation [2] - Compared to YKK, the company offers a "product + service" business model, focusing on high-quality products and comprehensive service, which enhances its competitive edge [4] - The company has developed strong capabilities in product diversity, fashion, innovation, and responsiveness to market demands [4] Group 3: Market Dynamics and Pricing - The apparel accessories industry is characterized by a stable competitive landscape, with a shift towards increased concentration among leading companies due to accelerated international order migration [3] - The company employs a cost-plus pricing model, with product pricing being one of several factors considered by downstream customers, who prioritize product development capabilities and service [5] - The company anticipates maintaining a reasonable profit margin while focusing on revenue growth to sustain profitability [6] Group 4: Product Range and Future Outlook - The company specializes in a variety of products, including buttons, zippers, metal and plastic products, and labels, which are widely used in mid to high-end apparel [8] - The company expects zippers to have a broader application range and better growth prospects compared to buttons in the future [8] - The company adheres to a sustainable development and win-win philosophy in its dividend policy, considering annual profits and future development needs [8]

Group 1: Recent Business Performance - The company has seen a positive trend in order intake recently, benefiting from winter clothing replenishment, although overall industry sentiment requires further observation, particularly regarding future winter consumption [2] - The operational performance of the Vietnam industrial park has improved significantly this year and is within the company's expectations, with a positive outlook for future development, although capacity ramp-up will take time [2][3] Group 2: Product Development and Market Strategy - The company's product development model includes two main approaches: designing new products based on market trends for client selection and collaborating with clients to develop products according to their clothing styles [2] - The market capacity for webbing products is substantial, with the company positioning it as a key component of its auxiliary materials strategy, aiming for it to become one of the company's pillar categories [3] Group 3: Impact of External Factors - The direct impact of tariff adjustments on the company's business is limited, as the volume of products exported directly to major markets like Europe and the U.S. is very low; however, changes in consumer sentiment and international trade environments can affect the textile and apparel industry [2] - The capacity utilization rate of the Bangladesh industrial park is continuously improving but is unlikely to reach domestic levels in the short term due to cultural and technological differences [3] Group 4: Future Outlook and Shareholder Relations - The company maintains a commitment to sustainable development and win-win principles, considering annual profit conditions, future development needs, and shareholder preferences when formulating annual profit distribution plans [3] - The company anticipates that the growth rate of zippers will exceed that of buttons, as zippers have a broader application range [3]

Group 1: Recent Business Performance - The company has seen a positive trend in order intake due to winter clothing replenishment, although overall industry sentiment remains to be observed, particularly regarding future winter clothing consumption [2] - The company reported a foreign exchange net loss of CNY 22.8585 million in the first three quarters of the year due to international exchange rate fluctuations [3] - The overseas production capacity accounted for 18.48% as of the first half of 2025, with plans to enhance global manufacturing capabilities through technological upgrades and global production layout [3] Group 2: Overseas Operations - The company’s factories in Bangladesh and Vietnam are developing positively, with significant revenue growth and improved operating losses reported in the Vietnam industrial park [2] - The company aims to continue improving its overseas production bases to enhance global manufacturing assurance [3] Group 3: Product Development and Market Strategy - The company is focusing on increasing resource investment in both sales and production for its small-scale webbing business, with expectations for gradual improvement [3] - The company serves a diverse range of mid-to-high-end apparel and accessory clients, offering products such as buttons, zippers, and webbing, applicable in various sectors including clothing, footwear, and outdoor goods [4] Group 4: Competitive Advantages - Compared to YKK, the company emphasizes a "product + service" business model, providing comprehensive service alongside quality products, while also maintaining strong competitive advantages in product diversity, fashion, and innovation [5] - The company is enhancing production efficiency through smart manufacturing strategies and flexible manufacturing systems to meet the trend of small batch, multiple orders, and quick delivery [5] Group 5: Impact of Tariffs and Profit Margins - The direct impact of increased tariffs on the company is limited, as the volume of products exported directly to major markets like Europe and the U.S. is low; however, changes in consumer market conditions and international trade environments could affect the textile and apparel industry [7] - The overall gross margin has improved due to factors such as product structure, customer composition, and smart manufacturing, with a commitment to sustainable profit margins rather than solely pursuing high margins [8]

Group 1: Business Overview - The company's domestic business accounts for 63.03% of its total operations, based on direct delivery locations as per the semi-annual report [2] - The company holds approximately 20% market share in the domestic mid-to-high-end button market, according to industry data and expert estimates [2] Group 2: Competitive Advantages - Compared to YKK, the company emphasizes a "product + service" business model, focusing on high-quality products and comprehensive service [2] - The company has strong competitive advantages in product diversity, fashion, innovation capabilities, and supporting product capabilities, enhancing its responsiveness to small-batch, quick-turnaround orders [2][3] Group 3: Future Plans and Financials - Future capital expenditures will primarily focus on fundraising project-related investments, improvements in smart manufacturing, and overseas capacity expansion [3] - Sales expenses are expected to grow in total due to the company's global strategy, but the sales expense ratio is anticipated to remain stable [3] Group 4: Market Positioning - The average price of the company's zippers is lower than that of YKK, although specific product comparisons are necessary for accurate analysis [3] - The profitability of the Vietnam facility is expected to gradually align with that of domestic facilities, despite regional market differences affecting operational performance [3]

Company Overview - Zhejiang Weixing Industrial Development Co., Ltd. was established in 1988, specializing in the R&D, manufacturing, and sales of various mid-to-high-end apparel and bag accessory products, including buttons, zippers, metal products, plastic products, webbing, ropes, and labels [2][3] - The company was the first in China's button and zipper industry to be listed on the Shenzhen Stock Exchange in 2004, enhancing its competitive strength through capital investment [2][3] Industry Insights - The company maintains a cautious outlook on the short-term recovery of the industry due to the current international trade environment and consumer demand [4] - In the long term, the company aims to become a "global, innovative fashion accessory kingdom" and a strategic partner for many well-known apparel brands within five to ten years [4] Global Expansion - The company has established two overseas production bases in Bangladesh and Vietnam, both showing positive development trends [5] - Revenue from the Vietnam industrial park has seen rapid growth, with operating losses significantly narrowing [5] Market Position - The apparel accessory industry is a sub-sector of the textile and apparel industry, with limited statistical data available; however, the market space for zipper products is considered broad [6] - The company’s market share in the zipper segment is still relatively small [6] Competitive Landscape - The global apparel industry has a mature supply chain, and while competition is intensifying due to tariff conflicts, companies with international capabilities will benefit [7][8] - The company differentiates itself from competitors like YKK and Xunxing by focusing on a "product + service" model, emphasizing quality products and comprehensive service [8] Corporate Culture and Management - The company's core values include "sustainable development" and "steady progress," supported by a well-experienced management team [8] - Ongoing efforts in talent development and training are expected to enhance employee skills and prepare future leaders for key roles within the company [8]