Core Insights - The Chinese consumer market is showing a trend towards rationality and value, with consumers being more cautious in their non-essential spending, which has positively impacted Lilang's performance [1][3] - Lilang's total revenue for the first half of 2025 reached 1.73 billion yuan, marking a year-on-year growth of 7.9%, demonstrating the brand's resilience and adaptability in a complex market environment [1] Brand Strategy - Lilang has positioned "simplicity" as its core brand strategy, responding to market changes and focusing on modern men's needs for simplicity, efficiency, and quality [3][5] - The brand is actively engaging with consumers through various interactions, further embedding its philosophy into its operations [3] Multi-Brand and International Expansion - Lilang is advancing its multi-brand strategy and international expansion, with the opening of its first overseas store in Malaysia in 2025, marking a significant step in its global strategy [5] - The main brand continues to deepen its presence in the domestic market while exploring international opportunities [5] Youth-Oriented Growth - The Lilang LESS IS MORE series, targeting young consumers aged 20-35, generated 536 million yuan in revenue in the first half of 2025, reflecting a year-on-year growth of 31.8% and becoming a key growth driver [6] - The brand's collaboration with young actor Xu Kai has enhanced its appeal to younger demographics through social media channels [6] High-End Brand Performance - The high-end golf brand MUNSINGWEAR has successfully catered to the new middle-class demand for high-quality, functional, and luxury experiences, showing significant online sales growth [8] - Lilang emphasizes sincere communication with consumers, aligning product design with contemporary aesthetic trends and effective digital marketing strategies [8] Product Innovation - Lilang is focusing on product innovation to meet user needs and enhance experience, applying functional technology to core product lines [9][10] - The company has introduced advanced materials and technologies, such as water-repellent down and durable wash-resistant fabrics, to improve product functionality [10] Sustainable Practices - Lilang has made significant strides in ESG (Environmental, Social, and Governance) practices, achieving a two-level upgrade in its MSCI ESG rating to BB, marking its best historical performance [13] - The company has implemented innovative processes to reduce water and carbon emissions in its production, enhancing its brand reputation and consumer trust [15] Future Outlook - Lilang aims to consolidate its leadership in the domestic menswear industry through flexible market strategies and continuous innovation, creating greater value for shareholders, employees, and customers [15]

本文源自：财华网 【财华社讯】中国利郎(01234.HK)公布，截至2025年6月30日止六个月，收入约17.27亿元(人民币,下 同)，同比增加7.9%；权益股东应占利润2.43亿元，同比减少13.4%；每股基本盈利20.2分。拟派中期息 11港仙及特別中期股息5港仙。 ...

公告指出，主系列取得收入为11.91亿元，同比减少0.2%，主要由于集团因应渠道转型，在山东省及重 庆市收回分销商经营权令分销业务销售收入下跌、向原分销商回购库存费用从销售收入扣减，以为终止 合作支付的补偿金所致。轻商务及其他系列增长势头持续，取得收入5.37亿元，同比增长31.8%，增长 由轻商务在门店销售和新零售的带动。 本文源自智通财经网 智通财经获悉，中国利郎(01234)午后跌近5%，截至发稿，跌4.9%，报3.69港元，成交额449.9万港元。 消息面上，中国利郎午间发布截至2025年6月30日止六个月中期业绩，收入17.27亿元(人民币，下同)， 同比增加7.9%；权益股东应占利润2.43亿元，同比减少13.4%；每股基本盈利20.2分；拟派发中期股息 每股11港仙及特别中期股息每股5港仙，上年同期派18港仙。 ...

主系列收入为11.906亿元，同比减少0.2%，主要原因是渠道转型导致分销业务销售收入下跌以及库存回 购费用扣减。轻商务及其他系列收入为5.366亿元，同比增长31.8%，主要受门店销售和新零售的带动。 公司继续推进向DTC（直面消费者）模式转型，并在山东和重庆收回了一级分销商的经营权。通过开设 购物中心店和奥特莱斯店，并关闭低效门店，优化销售渠道。截至6月底，共有2774家门店，净增1家。 新零售业务保持良好发展势头，线上销售额同比增长24.6%，表现优于整体业绩。 （文章来源：证券时报网） 中国利郎公布，上半年收益为17.272亿元，同比增长7.9%；纯利为2.425亿元，同比下降13.4%。 ...

Core Viewpoint - China Lilang (01234) experienced a nearly 5% decline in stock price, reporting a drop of 4.9% to HKD 3.69, with a trading volume of HKD 4.499 million [1] Financial Performance - For the six months ending June 30, 2025, the company reported revenue of RMB 1.727 billion, an increase of 7.9% year-on-year [1] - Profit attributable to equity shareholders was RMB 243 million, a decrease of 13.4% year-on-year [1] - Basic earnings per share were 20.2 cents [1] - The company proposed an interim dividend of HKD 0.11 per share and a special interim dividend of HKD 0.05 per share, compared to HKD 0.18 per share in the same period last year [1] Revenue Breakdown - The main series generated revenue of RMB 1.191 billion, a slight decrease of 0.2% year-on-year, primarily due to channel transformation efforts, including the recovery of distributor rights in Shandong and Chongqing, leading to a decline in sales revenue from distribution business [1] - The light business and other series continued to show growth, achieving revenue of RMB 537 million, a significant increase of 31.8% year-on-year, driven by sales in stores and new retail initiatives [1]

公告指出，主系列取得收入为11.91亿元，同比减少0.2%，主要由于集团因应渠道转型，在山东省及重 庆市收回分销商经营权令分销业务销售收入下跌、向原分销商回购库存费用从销售收入扣减，以为终止 合作支付的补偿金所致。轻商务及其他系列增长势头持续，取得收入5.37亿元，同比增长31.8%，增长 由轻商务在门店销售和新零售的带动。 消息面上，中国利郎午间发布截至2025年6月30日止六个月中期业绩，收入17.27亿元(人民币，下同)， 同比增加7.9%；权益股东应占利润2.43亿元，同比减少13.4%；每股基本盈利20.2分；拟派发中期股息 每股11港仙及特别中期股息每股5港仙，上年同期派18港仙。 中国利郎(01234)午后跌近5%，截至发稿，跌4.9%，报3.69港元，成交额449.9万港元。 ...

Core Viewpoint - China Lilang (01234.HK) reported a mid-year performance with a revenue of RMB 1.727 billion, reflecting a year-on-year growth of 7.9%, while the profit attributable to equity shareholders decreased by 13.4% to RMB 242.5 million [1] Group 1: Financial Performance - The total revenue for the group increased by 7.9% year-on-year [1] - The main series recorded a revenue of RMB 1.1906 billion, a slight decrease of 0.2% due to channel transformation and inventory buyback costs [1] - The light business and other series showed strong growth, achieving a revenue of RMB 536.6 million, up 31.8% year-on-year [1] - Basic earnings per share were RMB 0.202, with an interim dividend of HKD 0.11 and a special interim dividend of HKD 0.05 declared [1] Group 2: Sales and Distribution Strategy - The company continues to optimize sales channels by opening stores in prime locations and closing underperforming ones, resulting in a total of 2,774 stores as of June 30, 2025, with a net increase of 1 store [2] - The new retail business is performing well, with online retail sales increasing by 24.6% year-on-year, outperforming the overall sales growth [2] - The company has made progress in its multi-brand and international development, opening its first overseas store in Malaysia and launching online sales for its golf apparel brand Munsingwear [2]

公告称，主系列取得收入为11.91亿元，同比减少0.2%，此乃由于集团因应渠道转型，在山东省及重庆 市收回分销商经营权令分销业务销售收入下跌、向原分销商回购库存费用从销售收入扣减，以为终止合 作支付的补偿金所致。轻商务及其他系列增长势头持续，取得收入5.37亿元，同比增长31.8%，增长由 轻商务在门店销售和新零售的带动。 中国利郎(01234)发布截至2025年6月30日止六个月中期业绩，收入17.27亿元(人民币，下同)，同比增加 7.9%;权益股东应占利润2.43亿元，同比减少13.4%;每股基本盈利20.2分;拟派发中期股息每股11港仙及特 别中期股息每股5港仙。 ...

Core Viewpoint - China Lilang (01234) reported a mid-term performance for the six months ending June 30, 2025, showing a revenue of 1.727 billion RMB, a year-on-year increase of 7.9%, but a decrease in profit attributable to equity shareholders of 243 million RMB, down 13.4% [1] Revenue Breakdown - The main series generated revenue of 1.191 billion RMB, a slight decrease of 0.2% year-on-year, attributed to the company's channel transformation and the recovery of distributor operating rights in Shandong and Chongqing, leading to a decline in distribution sales revenue [1] - The light business and other series continued to show growth, achieving revenue of 537 million RMB, a significant year-on-year increase of 31.8%, driven by sales in stores and new retail initiatives [1] Dividend Announcement - The company proposed an interim dividend of 0.11 HKD per share and a special interim dividend of 0.05 HKD per share [1]

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