证券代码：600177 证券简称：雅戈尔 公告编号：2025-045 雅戈尔时尚股份有限公司 2025年半年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利0.08元 相关日期 | | | 差异化分红送转： 是 一、通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 5 月 16 日的2024年年度股东大会授权公司董事会制定 实施，并经公司第十一届董事会第二十一次会议审议通过，具体情况如下： 2025 年 5 月 16 日，公司召开 2024 年年度股东大会，审议通过《关于 2024 年度利润分 配及 2025 年中期分红规划的议案》，为了稳定投资者分红预期，缩短投资者获取股息红利的 等待时间，切实提升投资者获得感，在满足中期分红前提条件下，公司可根据 2025 年第一季 度、半年度及第三季度未分配利润与当期业绩，于 2025 年 9 月、12 月及 2026 年 3 月实施三 次中期分红，现金红利总额不超过相应期间归属于上市公司股东的净利润， ...

股票简称：雅戈尔 股票代码：600177 编号：临 2025-044 雅戈尔时尚股份有限公司 关于调整 2025 年半年度利润分配现金分红总额的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假 记载、误导性陈述或者重大遗漏负连带责任。 一、利润分配方案概述 公司于 2025 年 10 月 30 日召开第十一届董事会第二十一次会议，审议通过了 《关于 2025 年半年度利润分配的议案》。 公司拟以 2025 年半年度权益分派实施公告确定的股权登记日的总股本（扣减 当日公司回购账户股份数量）为基数，每股派发现金红利 0.08 元（含税）；截至 审议本次利润分配方案的董事会召开日，公司总股本为 4,623,441,902 股，扣减同 日回购专用证券账户持有的 51,176,200 股，以此为基数计算，共派发现金红利 365,781,256.16 元（含税）。本次利润分配不送红股，也不以资本公积金转增股本。 在董事会审议通过本利润分配方案后至实施权益分派股权登记日期间，因回 购股份、股权激励授予等致使公司总股本发生变动的，公司拟维持每股分配金额 不变，相应调整分配总额。如后续总股本发生变化，将 ...

格隆汇11月27日｜雅戈尔公告称，公司通过集中竞价交易方式累计回购公司股份1338.91万股，回购专 用证券账户股份数由5117.62万股变更为6456.53万股。公司根据每股分配金额不变，相应调整分配总额 的原则，对2025年半年度利润分配现金分红总额进行调整：以455887.66万股为基数，向全体股东每股 派发现金红利0.08元（含税），共派发现金红利36471.01万元（含税）。 ...

Core Viewpoint - The company announced a differentiated profit distribution for the first half of 2025 due to the lack of profit distribution rights for shares in the repurchase account [1] Group 1 - The company plans to distribute a cash dividend of 0.08 yuan per share (including tax) based on the total share capital after deducting the number of shares in the repurchase account as of the record date for the semi-annual equity distribution [1] - The total cash dividend to be distributed amounts to 365 million yuan (including tax), calculated based on data from November 12 [1] - The differentiated dividend distribution is expected to have a minimal impact on the company's stock ex-dividend reference price, approximately 0.01% [1]

Core Viewpoint - The company, Yageo (600177), announced on November 24 that it holds 620 million shares of CITIC Limited as of June 30, 2025, and the reduction in holdings is primarily due to adjustments in the domestic and foreign capital structure in accordance with foreign exchange management requirements [1] Group 1 - The company holds 620 million shares of CITIC Limited as of June 30, 2025 [1] - The reduction in holdings of CITIC Limited is based on foreign exchange management requirements [1]

证券日报网讯雅戈尔（600177）11月24日在互动平台回答投资者提问时表示，为确保信息披露的公平性 原则，公司将在定期报告统一披露股东数量相关信息。 ...

Core Viewpoint - YOUNGOR is facing significant challenges due to declining performance in its real estate business and struggles in its fashion segment, leading to a need for strategic shifts and potential risks in future profitability [4][5][6]. Financial Performance - In the first three quarters, YOUNGOR reported revenue of 6.777 billion yuan, a year-on-year decline of 19.32%, with total profit down 4.75% to 2.476 billion yuan and net profit attributable to shareholders down 6.48% to 2.349 billion yuan [4]. - The real estate segment contributed 25.56% to the company's revenue despite a 70.58% drop in pre-sales to 750 million yuan and a 54.41% decline in recognized revenue to 1.732 billion yuan [5][6]. Real Estate Business Challenges - YOUNGOR's exit from the real estate sector is attributed to declining scale benefits and unsatisfactory adjustments in its fashion segment [5][6]. - The company has announced plans to increase investment in the fashion industry while reducing investments in unrelated sectors, indicating a strategic pivot [6][10]. Fashion Segment Analysis - The fashion segment includes various brands, with the main brand YOUNGOR experiencing a revenue decline of 6.77% to 3.241 billion yuan, while other brands like MAYOR and HART MARX are positioned for growth [7][8]. - The partnership with HELLY HANSEN has shown promising growth, with a revenue increase of 104% in the first three quarters, although the main brand's performance remains a concern [8][9]. Market Position and Strategy - YOUNGOR's core brand is perceived as lacking in appeal to younger consumers, focusing on traditional styles that may not resonate with the target demographic [9][10]. - The company's multi-brand strategy aims to attract different consumer segments, but there are concerns about the effectiveness and profitability of this approach [10].

Core Viewpoint - YOUNGOR's performance is significantly impacted by its real estate business, which has been declining, leading to overall revenue and profit decreases in recent quarters [1][2][3] Financial Performance - In the first three quarters, YOUNGOR reported revenue of 6.777 billion yuan, a year-on-year decline of 19.32% - Total profit was 2.476 billion yuan, down 4.75%, while net profit attributable to shareholders was 2.349 billion yuan, a decrease of 6.48% [1] - The real estate segment contributed 25.56% to the company's revenue despite a 70.58% drop in pre-sales and a 54.41% decline in revenue recognition [1][2] Real Estate Business - YOUNGOR has been involved in real estate since 1992 and has previously achieved significant land acquisitions, becoming a major revenue source by 2010 [2] - The company plans to gradually exit the real estate sector, having ceased new land acquisitions since last year, but still holds approximately 6.6 billion yuan in real estate inventory, which may face impairment risks [2][3] Fashion Business Transition - YOUNGOR is shifting focus to the fashion industry, with brands including YOUNGOR, MAYOR, HANP, HART MARX, UNDEFEATED, and BONPOINT [3] - The fashion segment's revenue growth is uneven, with the main brand YOUNGOR experiencing a 6.77% decline, while other brands like BONPOINT showed significant growth [3][4] Brand Strategy and Market Position - YOUNGOR's core brand targets traditional markets, which may not appeal to younger consumers, leading to a multi-brand strategy to attract diverse demographics [5] - Despite marketing efforts, the outdoor brand HELLY HANSEN lacks a clear identity in a competitive market, raising concerns about the effectiveness of the multi-brand strategy [5]

Group 1 - On November 14, 2023, Yongor conducted a block trade of 1 million shares, with a transaction value of 7.68 million yuan, accounting for 5.88% of the total transaction volume for the day [1] - The transaction price was 7.68 yuan, which represents a discount of 0.65% compared to the market closing price of 7.73 yuan [1][2] - The buying brokerage for the transaction was Zheshang Securities, while the selling brokerage was Gengxing Securities, Ningbo Branch [2]

Core Insights - The China A500 Dividend Low Volatility Index (932422) has shown a slight increase of 0.14% as of November 14, 2025, with notable gains in major banks such as Bank of China (601988) up by 2.26% and Industrial and Commercial Bank of China (601398) up by 2.07% [1] Investment Environment - The National Bureau of Statistics emphasizes the need to focus on high-quality development, optimize investment structure, and enhance the investment environment to stimulate private investment and promote healthy investment growth [1] - According to Zhongtai Securities, the investment logic for bank stocks is shifting from "pro-cyclical" to "weak-cyclical," making high-dividend bank stocks more attractive during economic stagnation [1] - With the M1 growth rate declining, major financial data has entered a downward cycle, attributed to weaker fiscal expansion and the fading of low base effects [1] ETF Performance - The China A500 Dividend Low Volatility ETF (561680) has a turnover rate of 1.8% and a transaction volume of 3.36 million yuan as of November 14, 2025 [2] - Since its inception, the ETF has recorded a maximum monthly return of 3.37% and an average monthly return rate of 3.37%, with a monthly profit probability of 78.57% [2] - The maximum drawdown since inception is 3.42%, with a recovery period of 30 days [2] Index Composition - As of October 31, 2025, the top ten weighted stocks in the China A500 Dividend Low Volatility Index account for 31.82% of the index, including Agricultural Bank of China (601288) and China Shenhua Energy (601088) [3] - The top ten stocks include major banks and companies, indicating a strong representation of the financial sector within the index [3][5]