The apparel and home textiles sector performed actively, with Annil's stock price hitting the daily limit.

On February 24th, the apparel and home textiles sector was active. As of the latest report, Annil’s stock price hit the daily limit, closing at 19.05 yuan, with a turnover rate of 7.73% and a trading volume of 260 million yuan.

From an industry perspective, as the country’s policies to expand domestic demand and promote consumption take effect, the potential of the consumer market continues to be released, showing steady growth in domestic consumption. Especially with the support policies for childbirth and the two-child and three-child policies, the market generally expects the number of new births to stop declining and rebound, injecting new growth momentum into the growing children’s wear market, and industry optimism is improving.

At the company level, Annil has recently resolved a series of internal reforms and major issues, eliminating historical hidden dangers and improving development quality. First, the company completed a board reshuffle, revised 12 corporate governance policies, and abolished the supervisory committee. This move not only makes the governance structure more standardized but also significantly improves decision-making efficiency. More importantly, the company successfully eliminated the impact of qualified opinions in the 2023 audit report, greatly enhancing financial transparency.

Additionally, the company successfully resolved a major contract dispute through arbitration, receiving a ruling for 88 million yuan in receivables, which will directly improve the company’s cash flow expectations and strengthen its performance safety net. Meanwhile, the controlling shareholder and its concerted parties completed part of their share increase plan, raising their stake to 15%-16%. This move not only enhances the stability of control but also signals the major shareholder’s firm confidence in the company’s long-term development.

With 29 years of experience in the children’s wear industry, Annil leverages its strong brand presence and excellent reputation to reshape its competitiveness through product innovation. The company insists on using high-quality fabrics to ensure product quality and continues to launch new categories such as “安心衣” (Safe Clothes) and “超舒衣” (Super Comfort Clothes). Moving forward, Annil will continue to focus on its unique selling point of “super comfort,” aiming to establish the brand image of “Super Comfortable Annil” and further consolidate its competitive advantage in the fierce market competition.