Topscore Fashion

Tianchuang Fashion announced that it has acquired a combined 24.4444% equity stake in Anhui Xunwei Precision Industrial Co., Ltd. from Cixing Group Co., Ltd. and Xuancheng Xianming Enterprise Management Consulting Partnership for 220 million yuan of its own funds, while also injecting 180 million yuan into Xunwei Precision as a capital increase. After the transaction, Tianchuang Fashion's stake in Xunwei Precision will reach 37.0370%, and it will appoint a director, enabling it to exert significant influence over its financial and operating decisions. Xunwei Precision will become an associate of the company and will subsequently be accounted for using the equity method. Xunwei Precision's registered capital will change to 69.12 million yuan, and its business scope includes mechanical parts processing, general component manufacturing, automotive parts remanufacturing, and industrial robot manufacturing.

Tianchuang Fashion announced plans to use 220 million yuan of its own funds to acquire a total of 24.4444 percent equity in Anhui Xunwei Precision Industrial Company Limited from related parties, while also injecting an additional 180 million yuan into Xunwei Precision. After the transaction, its shareholding will reach 37.0370 percent and it will appoint a director. Xunwei Precision focuses on the research, development, manufacturing, and sales of ball screw products, which are used in key areas such as automotive steering, braking, and parking systems. Prior to this transaction, the company was mainly engaged in the fashion footwear and apparel business. Through this acquisition, it will enter the new track of the leadscrew industry, forming a second growth curve.

Top Score Fashion announced that it expects net profit attributable to the parent for the first half of 2026 to be between 25 million and 35 million yuan, an increase of 272% to 421% compared with the same period last year. Meanwhile, net profit after deducting non-recurring gains and losses is expected to be between 22.5 million and 32.5 million yuan, a year-on-year increase of 622% to 942%. The main reason for the expected profit growth is that the company focused on trending categories, strengthened its in-house R&D and production capabilities for sports fashion items, increased their sales contribution, and optimized offline channel structure through omni-channel transformation and upgrading, ultimately achieving a significant improvement in operating results compared with the same period last year.