智通财经APP讯，慕尚集团控股(01817)公布，该集团预期于2025年上半年取得纯利约人民币850万元至 950万元，同比增加约25%至40%。 纯利增加乃由于集团于相关期间透过降本增效措施加强开支控制， 令行政及财务开支占收入的比例较2024年同期有所下降。 ...

本公司董事會（「董事會」）謹此通知本公司股東（「股東」）及潛在投資者，根據本 集團截至2025年6月30日止六個月（「相關期間」）的未經審核綜合管理賬目的初步 評估及本集團現時所掌握的其他資料，預期相關期間的純利將介乎人民幣8.5百萬 元至人民幣9.5百萬元，將會較2024年同期的純利增加約25%至40%。 純利增加乃由於（其中包括）本集團於相關期間透過降本增效措施加強開支控制， 令行政及財務開支佔收入的比例較2024年同期有所下降。 由於本集團於相關期間的中期業績尚未最終確定，本公告所載數據及資料僅為對 本集團於相關期間的未經審核綜合管理賬目的初步評估及本集團現時所掌握的其 他資料，該等數據及資料尚未經本公司核數師審核或審閱，並或會予以調整。股 東及潛在投資者應參閱本公司於相關期間的中期業績公告，該公告預期將於2025 年8月根據上市規則項下的規定刊發。 1 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Mulsanne Group Holdin ...

8月12日，截至港股收盘，恒生指数上涨0.25%，报24969.68点。慕尚集团控股（01817.HK）收报0.39港 元/股，上涨14.71%，成交量17.7万股，成交额6.14万港元，振幅13.24%。 最近一个月来，慕尚集团控股累计涨幅6.25%，今年来累计跌幅22.73%，跑输恒生指数24.16%的涨幅。 财务数据显示，截至2024年12月31日，慕尚集团控股实现营业总收入22.7亿元，同比减少2.55%；归母 净利润3095.4万元，同比减少21.77%；毛利率52.82%，资产负债率71.83%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，专业零售行业市盈率（TTM）平均值为-4.26倍，行业中值-0.2倍。慕尚集团控股市盈率 9.66倍，行业排名第12位；其他陈唱国际（00693.HK）为6.13倍、傲基股份（02519.HK）为6.16倍、包 浩斯国际（00483.HK）为6.93倍、周生生（00116.HK）为7.23倍、宝胜国际（03813.HK）为7.37倍。 资料显示，慕尚集团控股有限公司是中国领先的由新零售模式驱动的休闲时尚服饰多品牌运营公司,慕 尚:以"爱为 ...

Group 1 - The company, Moshang Group Holdings (01817.HK), announced that it will hold a board meeting on August 21, 2025, to consider and approve the interim results for the six months ending June 30, 2025, and to discuss the publication of these results [1] - The board meeting will also consider the distribution of an interim dividend, if any [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Mulsanne Group Holding Limited 慕尚集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1817） 董事會會議日期 慕尚集團控股有限公司（「本公司」，連同其附屬公司為「本集團」）董事（「董事」） 會（「董事會」）謹此宣佈，本公司將於2025年8月21日（星期四）舉行董事會會議， 藉以（其中包括）考慮及批准本集團截至2025年6月30日止六個月的中期業績及其 刊發，並考慮派發中期股息（如有）。 承董事會命 慕尚集團控股有限公司 主席 鄧順林 香港，2025年8月8日 於本公告日期，董事會由執行董事余勇先生；非執行董事鄧順林先生、陳葉良先 生、楊晨先生、田旻先生及孫偉業先生；以及獨立非執行董事顧炯先生、徐燕芸 女士及廖小新先生組成。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 本月底法定/註冊股本總額： HKD 100,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 公司名稱: 慕尚集團控股有限公司 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01817 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | ...

Core Insights - The Fujian Provincial Market Supervision Administration has released the results of the 2025 textile product quality provincial supervision inspection, indicating a compliance rate of 96.30% with only 1 out of 27 batches failing the inspection [1][2]. Group 1: Inspection Results - A total of 22 companies were inspected, with 27 batches of products tested, resulting in 26 compliant batches and 1 non-compliant batch, leading to a non-compliance rate of 3.70% [1]. - For knitted wool products, 5 companies were inspected with a 100% compliance rate [1]. - In the inspection of down products, 21 companies were tested, with 1 non-compliant batch, resulting in a non-compliance rate of 4.76% [2]. - The inspection of silk quilts involved 1 company and 1 batch, which achieved a 100% compliance rate [2]. Group 2: Actions Taken - The provincial market supervision bureau has mandated local market supervision authorities to take legal action against the non-compliant products and their manufacturers [3]. Group 3: Detailed Inspection Results - The inspection results for knitted wool products showed that companies like Fujian Qipilang Industrial Co., Ltd. and Fujian Qipai Fashion Technology Co., Ltd. had compliant products [5]. - The down products inspection included various brands such as SEPTWOLVES and LILANZ, all of which passed the quality checks [6][7]. - The only non-compliant product was from Saint Giao (China) Co., Ltd., which failed the inspection for a down jacket [7].

Core Insights - The importance of ESG (Environmental, Social, and Governance) is increasingly recognized as a core value dimension for companies, leading to enhanced disclosure standards and proactive integration of ESG principles into business operations [1][4][17] - The fashion industry, particularly companies like GXG's parent company, Moshang Group, is leveraging ESG practices to create competitive advantages and respond to consumer demand for sustainable products [4][18] Group 1: ESG as a Competitive Arena - ESG has become a critical focus for apparel companies, transcending traditional social responsibility to encompass deeper value creation [4] - The global sustainable apparel market is projected to reach $9.26 billion in 2024, with a compound annual growth rate (CAGR) of approximately 13.11% from 2024 to 2032, indicating a significant shift towards sustainability in consumer preferences [4] - Companies excelling in ESG practices are positioned to capture market opportunities and enhance their competitive edge [4][6] Group 2: Moshang Group's ESG Practices - Moshang Group's ESG initiatives span the entire product lifecycle and supply chain, with a clear strategy for short, medium, and long-term green development [7][15] - The company emphasizes product innovation that balances environmental sustainability, such as the use of SOLOTEX® fabric, which incorporates 37% recycled materials, reducing reliance on new petrochemical resources [8][9] - Moshang Group is adopting clean production methods, including the use of renewable energy and recycled materials, to enhance resource efficiency and minimize waste [9][10] Group 3: Service Quality and Efficiency - Moshang Group has introduced innovative service models, such as the "Zero Pressure Borrowing Station," which promotes a circular economy by addressing common business travel challenges [10][14] - The company is committed to improving service efficiency through technology, aiming for a customer satisfaction rate of over 95% and rapid resolution of complaints [14] - Moshang Group is also fostering green collaboration within its supply chain, encouraging suppliers to adopt sustainable practices and providing training on environmental and labor standards [14][15] Group 4: Future Outlook - Moshang Group plans to continue its focus on renewable energy, green materials, and employee training related to climate issues, aiming for carbon neutrality through various innovative strategies [15][16] - The company's approach to green fashion is structured and quantifiable, allowing for strategic consistency while maintaining flexibility in implementation [16] - Moshang Group's successful ESG practices position it as a valuable asset in the capital market, likely attracting long-term investment interest [18]

Group 1 - The core viewpoint of the news highlights the recent performance of Moshang Group Holdings, which saw a significant stock price increase of 25.81% on May 30, despite a cumulative decline of 20.51% over the past month and 29.55% year-to-date, underperforming the Hang Seng Index by 17.51% [1] - Financial data indicates that for the fiscal year ending December 31, 2024, Moshang Group Holdings reported total revenue of 2.27 billion yuan, a year-on-year decrease of 2.55%, and a net profit attributable to shareholders of 30.95 million yuan, down 21.77% year-on-year, with a gross margin of 52.82% and a debt-to-asset ratio of 71.83% [1] - Currently, there are no institutional investment ratings for Moshang Group Holdings, and its price-to-earnings ratio stands at 8.81 times, ranking 13th in the professional retail industry, which has an average TTM P/E ratio of 5.27 times [1] Group 2 - Moshang Group Holdings is recognized as a leading multi-brand operator in the leisure fashion apparel sector in China, driven by a new retail model, with a core philosophy centered around love, youth, innovation, trust, and vitality [2] - The company specializes in men's fashion and also covers the sportswear market and other fashion areas, leveraging its experience in the fashion industry and multi-brand development strategy to seize future market opportunities [2] - Moshang Group Holdings was officially listed on the Hong Kong Stock Exchange on May 27, 2019, under the stock code 1817.HK [2]

Financial Performance - For the fiscal year ending December 31, 2024, Mulsanne Group achieved a revenue of RMB 2.27 billion and a net profit of RMB 30.93 million, with a gross margin of 52.8%, an increase of approximately 0.8 percentage points year-on-year[11]. - The main brand GXG generated revenue of RMB 2.079 billion, reflecting a year-on-year growth of 3%, while its gross profit was RMB 1.114 billion, up 2.1% year-on-year, with a gross margin of 53.6%[11]. - The Mode Commuter brand continued its high growth trajectory, with sales revenue and gross profit increasing by 11% and 16.8% year-on-year, respectively[11]. - Total sales revenue for the year ended December 31, 2024, was RMB 2,269.8 million, a slight decrease of 2.5% or RMB 59.2 million compared to RMB 2,329.0 million in 2023[20]. - The main brand GXG's sales revenue increased by 3.0% or RMB 61.5 million to RMB 2,078.5 million, driven by successful brand promotion initiatives[23]. - Gross profit for the period was RMB 1,199.0 million, a slight decrease of 1.1% or RMB 13.2 million from RMB 1,212.2 million in 2023, while gross margin increased to 52.8% from 52.0%[31]. - The net profit for the period decreased by 16.9% or RMB 6.3 million to RMB 30.9 million[46]. Store Operations - The total number of offline stores decreased by 26 to 996, yet GXG recorded steady growth in revenue, gross profit, and store efficiency[11]. - The number of offline stores decreased from 1,022 at the end of 2023 to 996 at the end of 2024, reflecting strategic adjustments in brand positioning and marketing[29]. - The number of GXG stores increased to 927, representing 93.1% of total stores, while gxg.kids stores were eliminated[29]. Strategic Initiatives - Mulsanne Group is actively exploring AI and other technological innovations, with its digital factory accounting for nearly 10% of all suppliers, and is currently implementing AI sampling to enhance product development efficiency and reduce costs[14]. - The company has successfully transitioned to a business-financial integration model in 2023, following the launch of BI visualization tools in 2022[14]. - Mulsanne Group plans to enhance brand competitiveness and accelerate brand momentum release to pave the way for sustainable growth in 2025[15]. - The company plans to enhance product design and brand promotion integration to increase brand awareness and influence[20]. Financial Management - The pre-tax profit decreased by 5.2% or RMB 2.7 million to RMB 49.1 million, primarily due to a reduction in gross profit[44]. - Operating cash inflow decreased by RMB 126.1 million to RMB 171.7 million, attributed to a significant reduction in inventory levels in 2023[47]. - Capital expenditures increased by 54.8% or RMB 47.0 million to RMB 132.8 million, mainly due to increased construction and renovation costs of the headquarters office building[48]. - The debt-to-asset ratio decreased to 34.6% from 44.1% in 2023, primarily due to a reduction in pledged borrowings[50]. Employee Information - As of December 31, 2024, the total number of employees in the group was 467, down from 508 in 2023[60]. - Total employee costs for the period amounted to RMB 84.9 million, compared to RMB 100.0 million in 2023, representing a decrease attributed to improved work efficiency[60]. - Employee costs accounted for 3.7% of the group's revenue during the period, down from 4.3% in 2023[60]. Corporate Governance - The company has adopted the corporate governance code as its own governance framework, ensuring high standards of accountability[157]. - The board consists of nine members, including one executive director and three independent non-executive directors, ensuring compliance with listing rules[159]. - The company has established a robust risk management and internal control system covering procurement, quality control, marketing, finance, treasury activities, and human resources management[182]. - The company is committed to maintaining a transparent process for handling and disseminating inside information, ensuring compliance with disclosure policies[184]. Shareholder Information - The company did not recommend any final dividend for the year ending December 31, 2024[95]. - The total net proceeds from the global offering amounted to approximately RMB 704.9 million (equivalent to about HKD 802.7 million), fully utilized by December 31, 2024[100]. - The company allocated 45% of the proceeds (RMB 317 million) for debt repayment, which has been fully utilized[100]. Audit and Compliance - The independent auditor's report confirms that the consolidated financial statements fairly present the group's financial position as of December 31, 2024, in accordance with International Financial Reporting Standards[195]. - The financial statements were audited by Ernst & Young, which is eligible and willing to be reappointed at the upcoming annual general meeting[154]. - The auditor issued an unqualified opinion regarding the disclosed related transactions, confirming compliance with the relevant listing rules[144].