马上就要步入2026了，这一周，沪深京三大交易所足足安排了9家IPO企业上会，2023年9月前那种熟悉的久违的热闹又回来了——是为了配合圣诞与新年 的节日氛围，还是准备在年前最后冲一波工作KPI？ 言归正传，金山君发现，深主板迎来审核的有一位"文艺青年"——杭州福恩股份有限公司（简称"福恩股份"）。 在隔壁小红薯平台，金山君经常刷到这家公司的帖子，不知情的还以为是什么画廊的主页呢，结果居然是一家生产面料的公司，这不得不令人好奇：纺织 业给人的感觉很传统，这家面料公司却不太一样，美丽的皮囊下，是怎样的实力支撑它冲击深主板？ 诸位请看，这主页是不是看上去很美？ "借我借我一双慧眼吧，让我把这纷扰看得清清楚楚明明白白真真切切~"，对拟上市公司而言，营销创意再漂亮、新媒体运营再好，都不如基本面过关、 信息披露完善、能给投资者带来回报实在。 投资者回报能有多少，有待未来验证；公司质地，却是现在就可以辨一辨的。我们且看： 从财务表现来看，2022年至2024年，公司营收从17.64亿跌到15.17亿，再反弹到18.13亿；净利润方面，从2.77亿到2.29亿到2.75亿，别看2024年营收有所增 长，但净利润实际比202 ...

技术研发是支撑其设计落地的关键。福恩股份在面料加工工艺上拥有深厚积累。例如，在涤粘混纺领域，其独家 研发的后整理技术赋予了面料媲美精纺羊毛和羊绒的高级触感；在全涤面料上，通过差异化功能纤维与先进染整 技术的结合，实现了接近天然纤维的优异品质。这种将美学主张与技术工艺深度融合的能力，构成了难以被模仿 的核心优势。 聚焦设计创新，以精准研发驱动价值提升 在纺织面料行业竞争日益激烈的今天，能够持续获得全球头部服装品牌青睐的企业，必然具备独特的核心竞争 力。杭州福恩股份有限公司（以下简称"福恩股份"）凭借其深度的精准研发能力与高效的弹性供应体系，成功构 建起坚实的行业壁垒，成为H&M、优衣库、ZARA、太平鸟等国内外知名品牌长期稳定的重要合作伙伴。 面对全球服装品牌为控制库存而采取的"小批量、短周期、快交付"采购策略，供应链的快速反应能力已成为选择 供应商的核心考量。福恩股份通过持续引进先进生产设备与信息化系统，大幅提升生产自动化与管理智能化水 平，确保了产品质量稳定与订单响应迅捷。这一"产能充足、配套完善"的高效灵活的生产体系，是其能够持续承 接优质订单的重要保障。 产品创新是福恩股份赢得市场的首要利器。福恩股份在 ...

分红方面，联发股份A股上市后累计派现18.88亿元。近三年，累计派现2.91亿元。 责任编辑：小浪快报 今年以来联发股份已经3次登上龙虎榜，最近一次登上龙虎榜为7月22日，当日龙虎榜净买入-155.36万 元；买入总计7740.64万元 ，占总成交额比10.06%；卖出总计7896.00万元 ，占总成交额比10.26%。 资料显示，江苏联发纺织股份有限公司位于江苏省南通市海安市城东镇恒联路88号，成立日期2002年11 月11日，上市日期2010年4月23日，公司主营业务涉及生产销售色织布、服装、纺织品。主营业务收入 构成为：面料61.38%，棉纱14.53%，其他13.10%，服装7.39%，电、汽、污水处理、压缩空气2.71%， 棉花0.89%。 联发股份所属申万行业为：纺织服饰-纺织制造-棉纺。所属概念板块包括：抗菌面料、一带一路、小 盘、光伏玻璃、太阳能等。 截至12月10日，联发股份股东户数2.11万，较上期减少3.57%；人均流通股15339股，较上期增加 3.70%。2025年1月-9月，联发股份实现营业收入29.74亿元，同比减少17.24%；归母净利润2.64亿元，同 比增长101.90%。 ...

天眼查App显示，近日，东莞市勋辉新材料有限公司成立，注册资本5万人民币，经营范围为一般项 目：新材料技术研发；油墨制造（不含危险化学品）；油墨销售（不含危险化学品）；功能玻璃和新型 光学材料销售；面料纺织加工；面料印染加工；国内贸易代理；货物进出口；技术进出口。（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，蠡县亚垒绒毛有限公司成立，法定代表人为史亚宾，注册资本10万人民币，经 营范围为一般项目：面料纺织加工;纺纱加工;羽毛（绒）及制品制造;羽毛（绒）及制品销售;针纺织品 及原料销售;针纺织品销售;纸制品制造;纸制品销售（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）许可项目：发电业务、输电业务、供（配）电业务（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，具体经营项目以批准文件或许可证件为准）。 ...

天眼查App显示，近日，安徽铭佳新材料科技有限公司成立，法定代表人为刘恒江，注册资本680万人 民币，经营范围为一般项目：新材料技术研发；新材料技术推广服务；面料纺织加工；家用纺织制成品 制造；产业用纺织制成品制造；汽车装饰用品制造；劳动保护用品生产；服装辅料制造；特种劳动防护 用品生产；塑料制品制造；塑料制品销售；皮革销售；皮革制品制造；第一类医疗器械销售；第一类医 疗器械生产；第二类医疗器械销售；劳动保护用品销售；日用百货销售；技术服务、技术开发、技术咨 询、技术交流、技术转让、技术推广（除许可业务外，可自主依法经营法律法规非禁止或限制的项目） 许可项目：文件、资料等其他印刷品印刷（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）。 ...

Group 1 - A new company, Wuxi Yunhexin New Materials Technology Co., Ltd., has been established with a registered capital of 1 million RMB [1] - The legal representative of the company is Wang Rouyun [1] - The business scope includes general projects such as new materials technology research and development, promotion services, and sales of various metal materials [1] Group 2 - The company is involved in the production and sales of industrial textile products and synthetic fibers [1] - It also engages in the sales of high-performance non-ferrous metals and alloys [1] - The company operates under the legal framework, conducting business activities as per its business license [1]

Group 1: Company Overview - Anhui Kairun Co., Ltd. specializes in OEM manufacturing and brand operation, offering products such as soft bags, luggage, clothing, and fabrics [1][2]. Group 2: Acquisition and Integration - Following the acquisition of Shanghai Jiale, the company has enhanced operational efficiency, with Shanghai Jiale achieving a revenue of 6.85 million yuan and a net profit of 34.75 million yuan in the first half of 2025, reflecting a net profit margin of 5.08%, an increase of 1.79 percentage points year-on-year [2]. - The acquisition strategy focuses on expanding customer categories and product lines, enhancing the synergy between luggage and clothing manufacturing, and providing high-quality services to global top brands [2]. Group 3: Future Development Plans - The company aims to become a respected world-class innovative consumer goods company, focusing on high-quality customer strategies and expanding production capacity in the garment and auxiliary materials manufacturing sectors [3]. - Plans include improving digitalization and intelligence levels, deepening global production layout, and establishing advanced international manufacturing plants [3]. - The brand operation strategy emphasizes market trend monitoring, innovative product design, and enhancing product competitiveness, with a focus on exploring brand expansion into international markets [3].

Core Viewpoint - Nanxuan Holdings (01982) reported a 1.6% year-on-year increase in revenue for the six months ending September 30, 2025, reaching approximately HKD 28.305 billion, with a notable 12.7% increase in profit attributable to shareholders at HKD 336 million, leading to an earnings per share of HKD 0.147 and an interim dividend of HKD 0.11 [1] Financial Performance - Revenue for the period was approximately HKD 28.305 billion, reflecting a year-on-year growth of 1.6% [1] - Profit attributable to shareholders was HKD 336 million, which is a 12.7% increase compared to the previous year [1] - Earnings per share stood at HKD 0.147, with an interim dividend declared at HKD 0.11 per share [1] Business Segments - The increase in net profit was primarily driven by improved performance in the fabric business and strong sales in men's and women's knitted products, contributing to a rise in gross profit [1] - The growth in gross profit was partially offset by increased transportation costs due to higher shipping volumes and rising employee costs associated with business expansion [1]

Report Industry Investment Rating - Not provided in the document Core Viewpoints of the Report - Domestic demand provides strong short - term support, and although exports are not significantly affected in the near term, the long - term outlook is positive. There is still an opportunity for positive demand feedback within the year [23]. - In the medium term, there are many new installations, and the supply - demand balance will face pressure in 2026 [23][29]. Summary by Catalog 1.江阴地区短纤工厂调研情况汇总 1.1 近期内需和销售订单情况 - Short - fiber factories reported that recent domestic demand was generally good. In November, the demand situation was significantly better than in previous years. The market was dominated by rigid - demand purchases, and there was relatively little speculative demand. Differentiated products such as color - spun, cationic, and recycled black silk were in high demand and had tight supply. Enterprises were optimistic about the continuation of this peak season, expecting it to last until December or mid - to - late December [8]. 1.2 近期出口需求情况以及公司海外布局情况 - The export demand of short - fiber enterprises remained stable, with an export proportion generally between 20% - 30%. Main export markets included Europe, Turkey, and Southeast Asia. Short - fiber enterprises were cautious about overseas layout and mainly focused on market expansion. They were confident about next year's exports [9]. 1.3 近期工厂的开工和利润 - Short - fiber factories maintained a high operating rate, basically at full capacity. Current processing profits were generally good, and enterprises optimized cash flow by configuring differentiated products. Some enterprises might be more active in annual long - term contract negotiations or reduce the contract scale [10]. 1.4 当前原料库存情况 - The current raw material inventory of short - fiber factories was relatively stable. The difference mainly came from the procurement model. Some PTA inventories were maintained at 7 - 10 days, and MEG inventories were about 10 days. Raw material procurement was mainly through contracts, with a contract ratio of about 50% - 60% [11]. 1.5 当前成品库存情况 - The overall finished - product inventory was at a low level. Standard product inventories were generally controlled within 7 - 10 days, and some enterprise inventories of certain models dropped to single - digit levels. Non - standard product inventories were relatively high, but the overall pressure was not large [12]. 1.6 对未来行情的展望 - Enterprises were relatively optimistic about the short - term market, but had different views on the demand after December. They expected the export market to maintain stable growth next year, but also needed to pay attention to the impact of polyester capacity expansion in regions such as India and Indonesia [14]. 2. 江浙织造、家纺企业调研情况汇总 2.1 近期内需和销售情况 - The recent domestic demand of polyester terminals was differentiated, with clothing performing better than home textiles, knitting better than weaving, and texturing better than fabric - making. The terminal demand was mainly domestic, with good demand for autumn and winter clothing and ammonia - spandex super - soft home clothes, while the demand for traditional home textile categories was relatively weak. Seasonal orders recovered from mid - October to November, but the sustainability of new orders was insufficient [15]. 2.2 近期开工和利润情况 - Most enterprises had a high operating rate for different reasons. In terms of profit, texturing showed a month - on - month recovery, the grey fabric sector was basically at the break - even point, and fabric profits were generally average. Enterprises tried various methods to make up for comprehensive profits [16]. 2.3 近期出口需求情况以及海外布局情况 - After the new tariff negotiation, some foreign trade shipments improved, but there was no surge in textile and clothing exports. Enterprises were actively seeking overseas development opportunities, but overseas projects still faced uncertainties [17]. 2.4 企业当前的原料和库存情况 - Raw material procurement was relatively cautious, mainly spot purchases for immediate use. The raw material inventory cycle was mostly 15 - 30 days, and some enterprises stocked up until mid - November [20]. 2.5 企业当前的成品库存情况 - The inventory levels of enterprises were differentiated. Most enterprises had low physical inventories, significantly lower than during the trade war in the first half of the year. Some enterprises reduced inventory through production cuts and price reductions [21]. 2.6 对未来行情的展望 - Enterprises were cautious about the pre - holiday market and expected to consider early holidays in mid - January to control inventory. In the long term, factors such as intensified domestic competition and tariff policy fluctuations would continue to pressure the industry [22]. 3. 总结与展望 - Domestic demand provides strong short - term support, and exports are expected to improve in the long term. There is still an opportunity for positive demand feedback within the year. The resilience of the terminal is stronger than the market expected. It is not recommended to bet against demand too early [23]. - Although the recent Sino - US negotiation result has not brought obvious export growth, the overall export tariff has dropped to more than 30%, and the long - term tax rate expectation is relatively stable, which is beneficial to exports in the long run [24]. - The fiber sector has high operating rates, low inventories, and neutral profits, and can maintain its operation. In the medium term, there are many new installations, and the supply - demand balance will face pressure in 2026 [23][29]. 4. 附录：调研信息汇总表 - The appendix provides detailed information on the surveyed enterprises, including their general situation, recent operating and profit conditions, domestic demand and sales, export demand, raw material and finished - product inventory, overseas layout, and outlook for future market conditions [35][38]