雅戈尔集团股份有限公司 关于控股子公司互保的公告 股票简称：雅戈尔 股票代码：600177 编号：临 2023-040 特别提示： 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： ● 担保人：安徽新昊纺织科技有限公司（以下简称"新昊纺科"） ● 被担保人：阿克苏新昊纺织有限公司（以下简称"阿克苏纺织"） ● 担保金额：新昊纺科本次为阿克苏纺织提供的担保金额为 2,900 万元。 截至本公告披露日，公司及控股子公司对外担保总额为 251,937 万元，占公 司最近一期经审计净资产的比例为 6.64%。 ● 是否有反担保：是 ● 对外担保逾期的累计数量：零 一、担保情况概述 公司控股子公司新昊纺科的全资子公司阿克苏纺织与新疆阿克苏农村商业 银行股份有限公司（以下简称"阿克苏商业银行"）签署《企业流动资金借款合 同》，借款金额 400 万元，借款期限一年。新昊纺科与阿克苏商业银行签署《担 保合同》，为上述借款提供连带责任保证，保证期间为主债务履行期届满之日起 三年。 阿克苏纺织与阿克苏商业银行签署《企业流动资金借款合 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥3,265,729,821.97, a decrease of 56.02% compared to the same period last year[4] - Net profit attributable to shareholders was ¥867,484,452.20, down 59.04% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥806,345,485.08, reflecting a decline of 60.85% compared to the previous year[4] - Basic earnings per share were ¥0.19, a decrease of 59.57% year-on-year[4] - The net profit for Q1 2023 was approximately ¥927.22 million, a decrease of 56.3% compared to ¥2.12 billion in Q1 2022[19] - The total comprehensive income for Q1 2023 was approximately ¥1.56 billion, down 37% from ¥2.47 billion in Q1 2022[20] - Basic earnings per share for Q1 2023 were ¥0.19, compared to ¥0.47 in Q1 2022, reflecting a decline of 59.6%[20] - The company’s operating profit for Q1 2023 was approximately ¥1.08 billion, down 59.6% from ¥2.67 billion in Q1 2022[19] Segment Performance - The fashion segment achieved a revenue of ¥2,002,393,100, with a year-on-year growth of 17.70%[5] - The real estate segment saw a revenue decline of ¥4,455,857,500, down 77.77% year-on-year[5] - The fashion segment generated revenue of RMB 2,002.39 million, a year-on-year increase of 17.70%, and a net profit of RMB 351.75 million, up 39.80%[12] - The main brand YOUNGOR reported revenue of RMB 1,549.69 million, reflecting an 18.71% year-on-year growth[12] - The real estate segment's revenue was RMB 1,273.46 million, down 77.77% year-on-year, with net profit decreasing by 91.55% to RMB 137.33 million[14] - The investment business reported a net profit of RMB 378.41 million, marking a 57.44% increase compared to the previous year[14] Cash Flow and Liquidity - The net cash flow from operating activities was -¥713,538,454.59, indicating a significant cash outflow[4] - Cash flow from operating activities showed a net outflow of approximately ¥713.54 million, an improvement from a net outflow of ¥1.53 billion in Q1 2022[22] - Cash inflow from investing activities was approximately ¥1.61 billion, down from ¥4.77 billion in Q1 2022[22] - Cash flow from financing activities resulted in a net inflow of approximately ¥203.53 million, compared to a net outflow of ¥1.55 billion in Q1 2022[22] - The company reported a significant increase in cash received from sales, totaling approximately ¥3.99 billion in Q1 2023, compared to ¥2.72 billion in Q1 2022, marking a growth of 46.6%[21] - The company had cash and cash equivalents of RMB 11.43 billion as of March 31, 2023, slightly down from RMB 11.45 billion at the end of 2022[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥79,905,773,861.12, an increase of 2.74% from the end of the previous year[5] - Total assets as of Q1 2023 amounted to ¥79,905,773,861.12, up 2.7% from ¥77,777,073,651.36 in the previous year[17] - Total liabilities for Q1 2023 were ¥40,138,381,753.13, an increase of 1.2% compared to ¥39,666,572,894.69 in Q1 2022[17] - Current liabilities reached ¥33,071,469,984.97, an increase of 5.4% from ¥31,364,367,415.89 in Q1 2022[17] - Non-current assets totaled ¥46,077,339,967.79, reflecting a growth of 4.5% from ¥44,091,695,385.66 in the previous year[17] - Deferred income tax assets increased to ¥481,458,715.71, a rise of 35.3% from ¥356,063,413.20 in the previous year[16] Inventory and Store Management - The total inventory as of March 31, 2023, was RMB 189.97 billion, compared to RMB 167.83 billion at the end of 2022[15] - The total value of inventory was RMB 16,782,967,832.01, indicating the company's stock management[24] - The company closed 103 stores and opened 14 new ones, resulting in a total of 2,168 stores at the end of the reporting period[13] Research and Development - Research and development expenses for Q1 2023 were ¥30,966,484.99, up 27.5% from ¥24,375,463.97 in Q1 2022[18] Future Outlook - The company is focusing on expanding its market presence and enhancing product development strategies in the upcoming quarters[25]

Financial Performance - The company achieved a net profit of ¥4,710,740,796.76 for the year 2022, with a year-end distributable profit of ¥25,191,310,438.16[9]. - In 2022, the company's operating revenue reached ¥14.82 billion, an increase of 8.92% compared to ¥13.61 billion in 2021[34]. - The net profit attributable to shareholders was ¥5.07 billion, a slight decrease of 1.15% from ¥5.13 billion in the previous year[34]. - The net cash flow from operating activities turned negative at -¥1.94 billion, a decline of 282.23% compared to ¥1.06 billion in 2021[34]. - The total assets decreased by 3.05% to ¥77.78 billion from ¥80.22 billion in 2021[34]. - The net assets attributable to shareholders increased by 11.56% to ¥37.93 billion from ¥34.00 billion in the previous year[34]. - Basic earnings per share were ¥1.11, down 1.77% from ¥1.13 in 2021[34]. - Diluted earnings per share were ¥1.10, a decrease of 3.51% compared to ¥1.14 in the previous year[34]. - The company reported a significant decrease in gross profit margin of 0.79% compared to the previous year, indicating challenges in maintaining profitability[125]. - The company reported a net profit of ¥2.12 billion in Q1 2022, which represents a decrease compared to the previous year[38]. Dividend and Shareholder Returns - The board proposed a cash dividend of ¥0.5 per share, totaling ¥2,311,770,951, which represents 45.62% of the net profit attributable to shareholders for 2022[10]. - The company distributed a cash dividend of 5.00 RMB per 10 shares, totaling 2,311,770,951 RMB, which represents 45.62% of the net profit attributable to shareholders in the consolidated financial statements[195]. - Since its listing in 1998, the company has implemented cash dividends 24 times, with a total distribution of 26.419 billion RMB, maintaining a payout ratio of 52.94% of net profit[196]. Strategic Initiatives - The company invested ¥2 billion to build fashion experience centers in key cities across the country, aiming to explore new business models[5]. - The company adjusted its sixth five-year plan to focus on becoming a world-class fashion group, enhancing its core brand while optimizing its high-end brands[4]. - The company plans to continue international brand collaborations, successfully launching brands UND and HH in the market[4]. - Future strategies include the development of new products and potential mergers and acquisitions to strengthen market position[24]. - The company aims to leverage its full industry chain advantages to maintain its competitive edge in the apparel sector[24]. - The company is focusing on expanding its market presence and enhancing its product offerings through innovation and technology[24]. Market and Operational Challenges - The overall retail sales of clothing in China decreased by 6.5% year-on-year, indicating a challenging market environment[63]. - The fashion segment reported operating revenue of CNY 631,724.38 million, with net profit attributable to shareholders declining by 33.70% to CNY 62,044.00 million due to reduced foot traffic and operational challenges[50]. - The company closed 212 stores and opened only 8 new stores in the fashion segment, resulting in a net decrease in store count[51]. - The company faced an increase in tax payments by ¥108 million compared to the previous year, contributing to the cash flow decline[36]. - The company experienced a cash inflow of ¥1.07 billion in Q4 2022, contrasting with negative cash flows in the first three quarters[38]. Investment and Development - The company has reduced its investment in real estate development to mitigate risks associated with the real estate market[5]. - The company has a strategic focus on expanding its investment in real estate development, with significant investments planned for the upcoming period[114]. - The company has initiated new projects in Shanghai and Ningbo, with total planned investment amounts of approximately RMB 293.52 million and RMB 285.15 million respectively[115]. - The company reported a total construction area of 1,000,000 square meters across various projects, with significant contributions from residential and commercial developments[115]. - The company has several ongoing projects in Ningbo, with total planned investments ranging from RMB 126.18 million to RMB 446.91 million[115]. Corporate Governance and Compliance - The board of directors held 11 meetings, reviewing 34 proposals, ensuring compliance with governance standards and enhancing decision-making capabilities[158]. - The company held 8 supervisory board meetings during the reporting period, passing 12 resolutions, ensuring compliance with legal requirements[160]. - The company disclosed 4 regular reports and 59 temporary announcements, maintaining a 100% response rate to investor inquiries[161]. - The company received over 1,500 investor calls and held 3 performance briefings, effectively communicating corporate value to stakeholders[162]. - There were no incidents of information leakage regarding insider information during the reporting period[163]. Employee and Talent Management - The company has a total of 18,480 employees, with 8,276 in sales, 5,753 in production, and 843 in technical roles[188]. - The company has established a salary system that combines position-based pay and performance rewards, aiming to enhance employee satisfaction and loyalty[192]. - The company has implemented a training program focusing on management skills and professional capabilities, enhancing the overall competency of its workforce[193]. - The company plans to enhance talent development and retention to mitigate risks associated with talent shortages during its transformation[152]. Research and Development - The total R&D expenditure was 8,192.53 million, accounting for 0.55% of total revenue, with no capitalized R&D expenses[95]. - The company is engaged in multiple R&D projects, including the development of high-performance fabrics and smart clothing technologies[101]. - The company has 843 R&D personnel, making up 4.56% of the total workforce, with a focus on enhancing digital transformation and smart manufacturing[96]. Risk Management - The company faces risks from macroeconomic fluctuations and potential tightening of real estate policies, which could impact profitability[148][149]. - The company has committed to long-termism and increased brand investment while ensuring a healthy and stable future development[5].

Financial Performance - Revenue for 2022 reached RMB 14,821,202,773.20, an increase of 8.92% compared to 2021[19] - Net profit attributable to shareholders in 2022 was RMB 5,067,521,090.85, a slight decrease of 1.15% from 2021[19] - Operating cash flow in 2022 was negative RMB 1,935,452,878.58, a significant decrease of 282.23% compared to 2021[19] - Total assets at the end of 2022 were RMB 77,777,073,651.36, a decrease of 3.05% from the end of 2021[19] - Basic earnings per share (EPS) for 2022 was RMB 1.11, a decrease of 1.77% from 2021[20] - Weighted average return on equity (ROE) for 2022 was 14.07%, a decrease of 2.1 percentage points from 2021[20] - Revenue in Q1 2022 was RMB 7,425,879,341.84, the highest among all quarters[22] - Net profit attributable to shareholders in Q1 2022 was RMB 2,117,647,330.18, the highest among all quarters[22] - Operating cash flow in Q1 2022 was negative RMB 1,530,407,975.14, the lowest among all quarters[22] - The company's total distributable profit at the end of 2022 was 25,191,310,438.16 yuan, including retained earnings from previous years and other comprehensive income[5] - The company's total share capital as of December 31, 2022, was 4,628,902,973 shares, with 5,361,071 shares held in the repurchase account[5] - The company's cash dividend distribution plan is based on the total share capital minus the repurchased shares, ensuring consistent dividend per share regardless of changes in total share capital[5] - The company achieved a net profit of 4,710,740,796.76 yuan in 2022, with a proposed cash dividend of 0.5 yuan per share, totaling 2,311,770,951 yuan, representing 45.62% of the net profit attributable to shareholders[5] - Revenue for 2022 reached 148.21 billion yuan, a year-on-year increase of 8.92%[28] - Net profit attributable to shareholders was 50.68 billion yuan, a year-on-year decrease of 1.15%[28] - The company's total operating revenue for 2022 reached 1,482,120.28 million yuan, a year-on-year increase of 8.92%[40] - Net profit attributable to shareholders of the listed company was 506,752.11 million yuan, a year-on-year decrease of 1.15%[40] - The company's 2022 main business revenue was 145.98 billion yuan, a 9.10% increase compared to 2021[169] - Total revenue for 2022 reached RMB 14,821,202,773.20, a 8.9% increase from RMB 13,606,863,113.97 in 2021[181] - Net profit attributable to shareholders increased to RMB 25,191,310,438.16 in 2022, up from RMB 22,393,882,882.72 in 2021[180] - Total assets grew to RMB 55,583,389,860.43 in 2022, compared to RMB 54,527,796,181.49 in 2021[179] - Long-term equity investments increased to RMB 31,022,131,845.69 in 2022, up from RMB 29,597,152,557.86 in 2021[178] - Short-term borrowings decreased to RMB 8,968,313,388.88 in 2022, down from RMB 11,110,966,944.46 in 2021[179] - R&D expenses rose to RMB 81,925,276.12 in 2022, a 17.1% increase from RMB 69,931,286.06 in 2021[181] - Investment income reached RMB 3,306,375,393.64 in 2022, up from RMB 3,056,964,094.95 in 2021[181] - Total liabilities decreased to RMB 21,627,644,896.73 in 2022, down from RMB 23,250,691,210.90 in 2021[179] - Cash and cash equivalents remained stable at RMB 8,541,019,597.81 in 2022, compared to RMB 8,559,896,251.03 in 2021[178] - Other receivables increased to RMB 13,063,231,046.66 in 2022, up from RMB 10,044,362,645.93 in 2021[178] - Net profit attributable to parent company shareholders was RMB 5,067,521,090.85, a slight decrease from RMB 5,126,663,023.71 in the previous year[182] - Total comprehensive income for the year was RMB 5,554,026,619.66, compared to RMB 7,295,380,644.52 in the previous year[183] - Basic earnings per share (EPS) were RMB 1.11, down from RMB 1.13 in the previous year[183] - Total operating income for the parent company was RMB 620,594.22, an increase from RMB 366,409.92 in the previous year[184] - Investment income for the parent company was RMB 5,240,454,074.79, up from RMB 4,273,393,631.30 in the previous year[184] - Total profit for the parent company was RMB 4,782,803,992.19, compared to RMB 3,976,871,929.02 in the previous year[185] - Net profit for the parent company was RMB 4,710,740,796.76, an increase from RMB 3,984,775,259.62 in the previous year[185] - Other comprehensive income after tax for the parent company was RMB -223,182,744.54, compared to RMB 454,587,256.58 in the previous year[185] - Total comprehensive income for the parent company was RMB 4,487,558,052.22, slightly up from RMB 4,439,362,516.20 in the previous year[185] - Sales revenue from goods and services in 2022 was RMB 10,032,417,542.54, a decrease of 15.3% compared to RMB 11,845,694,311.82 in 2021[186] - Net cash flow from operating activities in 2022 was negative RMB 1,935,452,878.58, a significant decline from positive RMB 1,062,075,357.26 in 2021[186] - Net cash flow from investing activities in 2022 was RMB 6,041,236,305.52, a substantial increase from RMB 257,737,217.20 in 2021[187] - Cash received from investments in 2022 was RMB 4,513,891,122.76, a significant increase from RMB 668,098,531.03 in 2021[186] - Cash received from investment returns in 2022 was RMB 1,257,242,634.61, up from RMB 1,022,338,183.12 in 2021[186] - Net cash flow from financing activities in 2022 was negative RMB 3,447,071,375.18, compared to negative RMB 1,894,114,668.05 in 2021[187] - Cash received from borrowing in 2022 was RMB 26,015,118,926.44, an increase from RMB 23,114,210,000.00 in 2021[187] - Cash and cash equivalents at the end of 2022 were RMB 11,418,091,891.62, up from RMB 10,751,463,856.86 at the end of 2021[187] - Cash received from other financing activities in 2022 was RMB 261,413,680.59, a significant decrease from RMB 5,270,980,350.01 in 2021[187] - Cash paid for debt repayment in 2022 was RMB 25,376,899,804.32, slightly lower than RMB 26,061,637,933.33 in 2021[187] - Cash outflow from financing activities totaled RMB 47.04 billion, a 3.0% increase compared to the previous period[189] - Net cash flow from financing activities was negative RMB 3.92 billion, a significant decline from the positive RMB 1.08 billion in the previous period[189] - The company's total owner's equity increased by RMB 3.94 billion to RMB 38.11 billion at the end of the period[193] - Comprehensive income for the period amounted to RMB 5.56 billion, driven by a RMB 5.07 billion increase in undistributed profits[191] - The company allocated RMB 2.31 billion for profit distribution to shareholders, a decrease from the previous period[192] - Capital reserve increased by RMB 370.80 million, primarily due to equity incentive plans[191] - The company's cash and cash equivalents decreased by RMB 18.88 million, with a year-end balance of RMB 8.54 billion[189] - The company's total assets increased by RMB 3.94 billion, reaching RMB 38.11 billion at the end of the period[193] - Total comprehensive income for the year reached 7,286,288,193.90 RMB, reflecting strong financial performance[195] - Owner's equity increased by 5,464,763,656.17 RMB, driven by comprehensive income and capital injections[195] - The company allocated 2,314,451,486.50 RMB for profit distribution to shareholders, impacting retained earnings[196] - Capital reserves saw a significant increase of 236,230,648.97 RMB due to other adjustments[197] - Total owner's equity at the end of the period stood at 34,171,657,108.08 RMB, marking a substantial growth[197] - Comprehensive income for the year contributed 4,487,558,052.22 RMB to owner's equity, highlighting profitability[198] - Owner's equity adjustments included a reduction of 2,311,720,951.00 RMB due to profit distribution[199] - Other comprehensive income adjustments resulted in a decrease of 621,940,454.22 RMB, affecting overall equity[198] - The company's capital reserve increased by 187,317,891.89 RMB, reflecting strategic financial management[198] - Retained earnings grew by 2,797,427,555.44 RMB, indicating strong internal reinvestment[198] - The company's total comprehensive income for the year amounted to 4,439,362,516.20[200] - Total owner's equity at the beginning of the year was 28,741,678,233.76[200] - The company allocated 2,314,451,486.50 for distribution to owners (or shareholders)[200] - Capital reserves increased by 1,271,110,656.85 during the year[200] - The company's retained earnings at the beginning of the year were 21,122,772,225.87[200] - A total of 384,162,377.63 was allocated for the extraction of surplus reserves[200] - The company's capital reserves decreased by 384,162,377.63 due to owner's equity adjustments[200] - The company's total owner's equity at the end of the year was 31,277,104,970.59[200] - The company's capital reserves increased by 356,719,152.76 during the year[200] - The company's retained earnings decreased by 2,698,613,864.13 due to profit distribution[200] Business Strategy and Operations - The company invested 2 billion yuan to establish YOUNGOR Fashion Experience Halls in key cities across China to explore new business models integrating online and offline channels[2] - The company adjusted its brand strategy, positioning MAYOR as a high-end luxury brand, HSM as an urban leisure brand, and HANP as a health and eco-friendly brand[2] - The company introduced international brands UND and HH to the market, which were well-received[2] - The company reduced its investment in real estate development to mitigate risks and ensure stable future growth[2] - The company's core business remains the fashion industry, with additional operations in real estate and investments[36] - The company's YOUNGOR brand has maintained the top market share in China for shirts for 26 consecutive years and for suits for 23 consecutive years[37] - The company's direct sales channels account for over 95% of total sales revenue[39] - The company's brand shirt segment achieved an operating revenue of 157,495.17 million yuan, with a gross profit margin of 76.05%[43] - The company's real estate development segment in Ningbo achieved an operating revenue of 830,477.39 million yuan, with a gross profit margin of 47.90%[43] - Shirt production decreased by 7.94% to 563.81 million units, while sales dropped by 17.45% to 510.75 million units, with inventory increasing by 7.23% to 414.82 million units[44] - Suit production fell by 11.52% to 72.89 million sets, sales declined by 17.25% to 69.06 million sets, and inventory rose by 2.40% to 50.36 million sets[44] - Pants production decreased by 9.05% to 220.01 million pairs, sales dropped by 11.37% to 211.25 million pairs, and inventory fell by 2.12% to 165.85 million pairs[44] - Direct material costs for brand clothing decreased by 12.51% to 95,026.39 million yuan, accounting for 65.63% of total costs[46] - Land costs for real estate development increased by 35.97% to 248,410.49 million yuan, representing 57.33% of total costs[46] - The top five customers accounted for 2.67% of total sales, with sales amounting to 38,921.48 million yuan, of which 5,409.42 million yuan were from related parties[48] - The top five suppliers accounted for 15.23% of total procurement, with purchases amounting to 69,800.61 million yuan, none of which were from related parties[48] - R&D investment totaled 8,192.53 million yuan, accounting for 0.55% of total revenue[49] - The company has 843 R&D personnel, representing 4.56% of the total workforce, with 176 holding bachelor's degrees and 282 holding associate degrees[50] - Key R&D projects in 2022 included the development of high-count cotton silk hemp DP shirts and intelligent temperature-controlled DP non-iron shirts[53] - Transactional financial assets decreased by 82.26% to 11,011.68 million yuan, mainly due to the redemption of some financial products and structured deposits[55] - Other receivables decreased by 48.35% to 288,098.67 million yuan, primarily due to the recovery of cooperative development project funds in the real estate sector[55] - Investment property increased by 237.04% to 216,433.51 million yuan, mainly due to the transfer of the Puji Hospital project and Hongqiao T8 Building from fixed assets to investment property[55] - Contract liabilities decreased by 42.01% to 744,089.24 million yuan, mainly due to a reduction in prepayments for real estate sales[55] - Non-current liabilities due within one year increased by 59.93% to 360,690.06 million yuan, primarily due to an increase in long-term loans due within one year[55] - Overseas assets amounted to 758,097.31 million yuan, accounting for 9.75% of total assets[56] - The company holds 100,000 million shares of CITIC Limited with a market value of 736,079.20 million yuan and 1,399.52 million shares of Midea Real Estate with a market value of 15,051.80 million yuan[57] - Restricted assets totaled 581,686.89 million yuan, including 557,470.06 million yuan of inventory restricted due to mortgage loans for real estate buyers[58] - The company holds 139,900 square meters of land in Cichanghe and 215,558.13 square meters in Yunnan, with planned construction areas of 231,200 square meters and 517,339 square meters respectively[60] - The total investment in the Shanghai Xinghai Yunjing project is 293,517.26 million yuan, with an actual investment of 212,997.15 million yuan in the reporting period[61] - The Ningbo Jiangshang Yunjing project has a total investment of 285,151.42 million yuan, with an actual investment of 222,571.47 million yuan in the reporting period[61] - The Ningbo Minghu Yiqiu project has a total investment of 395,310.93 million yuan, with an actual investment of 131,112.54 million yuan in the reporting period[61] - The Wenzhou Future City project has a total investment of 794,289.12 million yuan, with an actual investment of 719,717.81 million yuan in the reporting period[61] - The Lanzhou Yageer Times Star project has a total investment of 147,175.23 million yuan, with an actual investment of 108,330.17 million yuan in the reporting period[61] - The Ningbo Haishu CX08-04-03f/04c project has a total investment of 378,800.00 million yuan, with an actual investment of 254,356.74 million yuan in the reporting period[61] - The Ningbo Jiangshang Yin project has a total investment of 446,907.00 million yuan, with an actual investment of 407,375.96 million yuan in the reporting period[61] - The Shanghai Lingang Rongchuang Chuangcheng Yayuan project has a total investment of 419,917.38 million yuan, with an actual investment of 306,916.21 million yuan in the reporting period[61] - The Zhuhai Jinwan Baolong City project has a total investment of

股票简称：雅戈尔 股票代码：600177 编号：临 2023-016 ● 会议召开时间：2023 年 5 月 23 日（星期二）上午 10:00-11:30 ● 会议召开地点：上海证券交易所上证路演中心 （网址：http://roadshow.sseinfo.com/） ● 会议召开方式：自行视频录制与网络文字问答相结合 ● 投资者可于 2023 年 5 月 16 日（星期二）至 5 月 22 日（星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@youngor.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 雅戈尔集团股份有限公司 关于召开 2022 年度业绩说明会的公告 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： 雅戈尔集团股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日在上 海证券交易所网站（http://www.sse.com.cn）披露了《2022 年年度报告》，为便于 广大投资者更全面深入地了解公司 2022 年度 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥3,276,611,326.82, a decrease of 47.08% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was ¥1,061,088,455.49, down 50.37% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,035,884,466.15, a decrease of 48.57% compared to the previous year[4] - The basic and diluted earnings per share for Q3 2022 were both ¥0.23, reflecting a decline of 54.00%[5] - The weighted average return on equity for Q3 2022 was 2.94%, a decrease of 3.97 percentage points year-on-year[5] - The gross profit margin for the third quarter was 68.05%, a decrease of 4.30 percentage points compared to the previous year[11] - The total comprehensive income for Q3 2022 was approximately ¥4.23 billion, down from ¥5.81 billion in Q3 2021, a decrease of 27.1%[19] - Basic earnings per share for Q3 2022 were ¥0.91, an increase from ¥0.86 in Q3 2021, reflecting a growth of 5.8%[19] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥73,975,901,686.84, a decrease of 7.79% compared to the end of the previous year[5] - The total assets decreased to ¥73,975,901,686.84 from ¥80,223,992,025.87, a decline of approximately 7.5%[16] - Total liabilities decreased to ¥37,214,785,048.06 from ¥46,052,334,917.79, representing a reduction of about 19.1%[16] - Non-current liabilities increased to ¥8,354,391,271.87 from ¥6,800,428,185.31, showing an increase of approximately 22.9%[16] - The company's total equity rose to ¥36,761,116,638.78 from ¥34,171,657,108.08, indicating an increase of about 7.6%[16] - Cash and cash equivalents decreased to ¥31,386,802,702.02 from ¥36,839,155,977.52, a decline of approximately 14.8%[15] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥3,004,300,280.30, reflecting a decrease of 200.63%[5] - The cash flow from operating activities for the first three quarters of 2022 was ¥7.69 billion, down from ¥11.91 billion in the same period of 2021, a decrease of 35.5%[21] - The net cash flow from investing activities in Q3 2022 was approximately ¥5.84 billion, a significant improvement from a negative cash flow of ¥477 million in Q3 2021[21] - The net cash flow from financing activities for Q3 2022 was negative at approximately ¥3.26 billion, compared to a negative cash flow of ¥4.67 billion in Q3 2021, indicating a reduction in outflows[22] Segment Performance - For the first nine months of 2022, the company achieved operating revenue of CNY 12,826.06 million, a year-on-year increase of 27.72%, and a net profit attributable to shareholders of CNY 4,193.27 million, up 10.96% year-on-year[10] - The fashion segment generated operating revenue of CNY 4,507.30 million, with the core brand YOUNGOR continuing to grow, while the overall net profit for this segment decreased by 23.20% due to pandemic impacts and adjustments in sub-brand operations[10] - The real estate segment reported operating revenue of CNY 8,326.82 million, with a net profit of CNY 2,307.42 million, reflecting year-on-year growth of 55.05% and 30.39%, respectively[12] - The investment segment reported a net profit of CNY 1,321.02 million, reflecting a year-on-year increase of 3.69%[12] Operational Highlights - The company reported a significant impact on revenue due to the cyclical nature of real estate development and project deliveries[7] - The company received government subsidies amounting to ¥16,920,103.29 during the reporting period, which are closely related to its normal business operations[6] - The company opened 3 new projects with a total new construction area of 305,800 square meters and completed 2 projects with an area of 188,200 square meters during the reporting period[12] - The total number of YOUNGOR retail outlets reached 2,045, with a total operating area of 473,100 square meters by the end of the reporting period[10] - The company’s online sales channels, including e-commerce and live streaming, showed growth, with e-commerce revenue increasing by 21.22% year-on-year[11] Research and Development - Research and development expenses increased to ¥90,875,346.67 from ¥82,380,516.15, reflecting a growth of approximately 10.1%[17]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥9,549,446,319.33, representing a 147.98% increase compared to the same period last year[13]. - Net profit attributable to shareholders for the same period was ¥3,132,176,749.02, a 90.85% increase year-on-year[13]. - The net profit after deducting non-recurring gains and losses was ¥2,988,488,729.21, reflecting a 134.92% increase compared to the previous year[13]. - Basic earnings per share increased to ¥0.68, up 88.89% from ¥0.36 in the same period last year[14]. - The weighted average return on net assets rose to 8.87%, an increase of 3.44 percentage points year-on-year[14]. - The company achieved a total revenue of 954,944.63 million RMB, representing a year-on-year growth of 147.98%[23]. - The net profit attributable to shareholders reached 313,217.67 million RMB, with a year-on-year increase of 90.85%[23]. - The company reported a total profit of CNY 3,908,210.38 million for the first half of 2022, up from CNY 1,976,117.70 million in the same period last year[103]. - The net profit for the first half of 2022 reached CNY 3,157,032.77 million, compared to CNY 1,644,667.48 million in the previous year, representing a growth of approximately 91.7%[103]. Real Estate Business - The real estate business saw significant growth, with revenue from project deliveries reaching ¥627,864.86 million, a staggering 1736.62% increase year-on-year[14]. - The real estate business revenue increased by 593,678.89 million RMB, a growth of 1736.62% year-on-year[31]. - The company opened three new real estate projects with a total area of 30.58 million square meters during the reporting period, while the completed projects totaled 7.17 million square meters, resulting in a revenue of CNY 627,864.86 million, up 1736.62% year-on-year[28]. - The real estate sector is significantly impacted by national macro policies, with potential tightening measures posing risks to the company's real estate business[46]. Investment and Financial Position - Investment income increased by ¥26,772.46 million, a growth of 20.59% compared to the previous year[14]. - The company's net assets attributable to shareholders at the end of the reporting period were ¥35,656,708,944.11, a 4.87% increase from the end of the previous year[13]. - Total assets decreased by 6.63% to ¥74,901,646,450.65 compared to the previous year[13]. - The company's total assets include 627,342.36 million RMB in overseas assets, accounting for 8.38% of total assets[36]. - The company's total liabilities decreased to ¥30,938,682,235.49 from ¥39,251,906,732.48, indicating a decline of approximately 21.3%[95]. - The company reported a total equity of 35,824,273,538.68 RMB, reflecting a decrease from 34,171,657,108.08 RMB in the previous year[119]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥2,316,136,794.99, a decline of 273.00% compared to the previous year[13]. - The company's operating cash flow showed a significant decline, with a net cash flow of -CNY 231,613.68 million, down 273% compared to the previous year[30]. - Cash inflows from operating activities totaled RMB 5,590,043,428.27, down from RMB 6,948,336,078.25 in the first half of 2021, indicating a decrease of about 19.5%[109]. - The company reported a net cash outflow from financing activities of RMB -4,083,846,814.44, contrasting with a net inflow of RMB 564,395,731.29 in the first half of 2021[111]. Market Strategy and Growth Outlook - The company plans to launch new products and stores for the Hart Marx and HANP brands in the second half of the year, following a year of adjustments and clarifications of brand positioning[27]. - The company is expanding its market presence, targeting an additional 50 retail locations by the end of 2022, which is a 25% increase in its retail footprint[140]. - The company has provided a positive outlook for the second half of 2022, projecting a revenue growth of 10% to 12%[138]. - New product launches are expected to contribute to growth, with three new product lines set to be introduced by Q3 2022[139]. Shareholder and Equity Information - The company did not propose any profit distribution or capital reserve transfer plan for the first half of 2022[54]. - The company completed the repurchase and cancellation of 100,000 restricted shares due to the termination of one employee's labor relationship[76]. - The total number of shares after the recent changes is 4,628,902,973, with 97.27% being freely tradable[75]. - The company has a performance assessment requirement for the release of restricted shares, with a target net profit growth of over 15% for 2022 compared to 2020[85]. Risk Management and Challenges - The company is facing risks from macroeconomic fluctuations, which could adversely affect overall consumer spending and profitability[46]. - The company plans to enhance its risk management capabilities and adjust its business strategies in response to market changes[46]. - The company aims to leverage digital applications to improve operational efficiency and explore international development paths[47]. Environmental and Compliance - The company has a wastewater treatment facility with a daily capacity of 1,000 tons, meeting the indirect discharge standards for textile dyeing and finishing industries[59]. - The company reported actual wastewater discharge of 1.70 tons/year for CODcr, which is below the standard limit of 200 mg/l[58].

Financial Performance - The company's operating revenue for Q1 2022 reached ¥7,425,879,341.84, representing a year-on-year increase of 290.87%[4] - Net profit attributable to shareholders was ¥2,117,647,330.18, reflecting a growth of 260.52% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,059,483,175.75, which is an increase of 463.61% year-on-year[4] - The basic earnings per share for the period was ¥0.47, up by 255.42% from the previous year[4] - The net profit for Q1 2022 was CNY 2,120,367,549.46, a significant increase from CNY 585,791,409.94 in Q1 2021, representing a growth of approximately 262%[22] - The total profit for Q1 2022 reached CNY 2,675,489,646.31, compared to CNY 740,020,498.06 in the same period last year, marking an increase of about 262%[22] - The total comprehensive income for Q1 2022 was CNY 2,469,251,034.07, compared to CNY 1,873,288,104.62 in Q1 2021, reflecting an increase of approximately 32%[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥76,858,624,091.57, a decrease of 4.19% from the end of the previous year[5] - The total assets as of March 31, 2022, were CNY 76,858,624,091.57, down from CNY 80,223,992,025.87 at the end of 2021[20] - The total liabilities decreased to CNY 39,936,777,033.57 from CNY 46,052,334,917.79 in the previous year[19] - The total equity attributable to shareholders increased to CNY 36,520,188,410.98 from CNY 34,000,098,680.35 in the previous year[19] Cash Flow - The net cash flow from operating activities was negative at -¥1,530,407,975.14, a decline of 1,284.52% compared to the previous year[4] - Cash flow from operating activities for Q1 2022 showed a net outflow of CNY -1,530,407,975.14, a decline from a net inflow of CNY 129,201,054.53 in Q1 2021[25] - Cash flow from investing activities generated a net inflow of CNY 3,195,080,025.35 in Q1 2022, contrasting with a net outflow of CNY -35,475,047.87 in Q1 2021[25] - Cash flow from financing activities resulted in a net outflow of CNY -1,553,001,301.95 in Q1 2022, compared to a net outflow of CNY -668,619,279.94 in Q1 2021[26] Segment Performance - The real estate segment's revenue surged to ¥569,242.61 million, a year-on-year increase of 3464.58% due to the concentrated delivery of the Jiangshang Garden Phase II project[7] - The fashion segment generated a revenue of 170,133.50 million RMB, showing a slight growth of 0.78% year-on-year, while the net profit for this segment was 25,160.12 million RMB, down 6.99%[12] - The real estate segment reported a revenue of 569,242.61 million RMB, a significant increase of 3464.58% year-on-year, with a net profit of 162,194.04 million RMB, up 1160.00%[16] - The investment segment achieved a net profit of 24,034.36 million RMB, reflecting a year-on-year growth of 27.85%[16] Operational Metrics - The company opened 2 new projects during the reporting period, with 15 ongoing projects covering a total area of 1,736,500 square meters[16] - The company's self-operated outlets generated a revenue of 34,834.48 million RMB, with a gross margin of 73.81%, despite a year-on-year decline of 9.41%[14] - The e-commerce channel reported a revenue of 10,998.66 million RMB, with a gross margin of 66.36%, showing a year-on-year growth of 24.81%[15] - The overall gross margin for the fashion segment was 73.85%, an increase of 2.69 percentage points compared to the previous year[15] - The company has 2,159 retail outlets with a total operating area of 490,000 square meters as of the end of the reporting period[12] Government Support - The company received government subsidies amounting to ¥12,350,262.61, which are closely related to its normal business operations[6] Inventory and Receivables - The inventory as of March 31, 2022, was CNY 15,834,194,719.10, slightly down from CNY 16,171,259,420.54[18] - The company reported a decrease in accounts receivable to CNY 270,855,994.56 from CNY 313,905,571.92 year-over-year[18] Earnings Per Share - The diluted earnings per share was ¥0.45, reflecting an increase of 243.59% year-on-year[5]

Financial Performance - The company's net profit for 2021 was ¥3,984,775,259.62, with a statutory reserve of ¥384,162,377.63[20]. - The total cash dividend for 2021 amounted to ¥2,708,008,028.59, representing 52.82% of the net profit attributable to shareholders[19]. - The net profit attributable to shareholders decreased by 29.15% to approximately CNY 5.13 billion in 2021[37]. - The net profit after deducting non-recurring gains and losses increased by 41.34% to approximately CNY 4.44 billion[37]. - The company's operating revenue for 2021 was approximately CNY 13.61 billion, an increase of 18.57% compared to 2020[37]. - The basic earnings per share for 2021 was CNY 1.13, down 27.56% from 2020[38]. - The weighted average return on equity decreased by 9.86 percentage points to 16.17%[38]. - The total distributable profit at the end of the period was ¥22,393,882,882.72[20]. Shareholder Returns - The board proposed a cash dividend of 0.50 yuan per share (before tax), based on a total share capital of 4,629,002,973 shares as of December 31, 2021, resulting in a total cash dividend distribution of 2,311,820,951 yuan (before tax), which accounts for 45.09% of the net profit attributable to shareholders for the year 2021[21]. - The total amount spent on share repurchase in 2021 was ¥396,187,077.59, which is included in the cash dividend calculation for the year[19]. - No bonus shares will be issued, nor will there be a capital reserve fund conversion into share capital for the current year[21]. Strategic Initiatives - The company is focusing on multi-brand strategies and has begun to independently operate its brands to enhance growth potential[5]. - The company is exploring acquisitions and collaborations with domestic and international brands, including sports and trendy brands like HH and UND[5]. - The company aims to enhance management through digital transformation, achieving standardization, automation, and intelligence in its operations[6]. - The company is committed to integrating online and offline channels to strengthen brand management and adapt to market changes[6]. - The past year has been a transformative period for the company, requiring continuous innovation and adaptation in strategy and tactics[5]. - The company is entering a new phase of innovation and entrepreneurship, focusing on sustainable growth and social responsibility[6]. Real Estate Segment - The real estate segment achieved a net profit attributable to shareholders of approximately CNY 1.75 billion, a growth of 39.50% year-on-year[40]. - The net cash outflow from the real estate sector was approximately CNY 1.34 billion, a significant increase in net outflow compared to the previous year[40]. - The real estate segment generated operating revenue of RMB 666,540.76 million, up 31.44% year-on-year, with a net profit attributable to shareholders of RMB 228,925.07 million, an increase of 38.17%[85]. - The company has 13 ongoing projects with a total construction area of 1,443,700 square meters and land reserves of 258,500 square meters, with planned development area of 668,800 square meters[73]. Fashion Segment - The fashion segment generated revenue of RMB 682,112.21 million, with a year-on-year growth of 7.69%[50]. - The fashion segment reported operating revenue of RMB 682,112.21 million, a growth of 7.69%, with a net profit of RMB 93,577.43 million, down 2.55%[85]. - The company established YOUNGOR Fashion (Shanghai) Technology Co., Ltd. to enhance brand influence and explore international collaborations[51]. - The company acquired a 40% stake in the American streetwear brand Undefeated, forming a joint venture to target younger consumer groups[51]. Online and Offline Integration - The company has optimized its store network, reducing the total number of outlets by 205 to 2,166, while enhancing the efficiency of its retail structure[69]. - The online GMV surpassed 1 billion yuan, with the company's Tmall flagship store ranking first in men's business apparel during major promotional events[69]. - Online sales revenue reached ¥72,518.27 million with a gross margin of 68.27%, while offline sales revenue was ¥521,307.74 million with a gross margin of 74.84%[116]. Research and Development - The total R&D expenditure amounted to 6,993.13 million, representing 0.51% of total revenue, with no capitalized R&D expenses[98]. - The total number of R&D personnel is 669, accounting for 3.51% of the company's total workforce[99]. - The company has 43 R&D projects planned for 2021, focusing on innovations such as wrinkle-resistant shirts and antibacterial fabrics[102]. - The company has completed 20 technology improvement projects in the textile materials research institute, including seamless pressing technology and intelligent temperature control[101]. Environmental and Compliance - The company has adhered to environmental protection laws and regulations, ensuring compliance in its operations and projects[179]. - The company has implemented a wastewater treatment facility with a daily capacity of 1,000 tons, achieving compliance with the textile dyeing industry's wastewater discharge standards[176]. - Actual wastewater discharge for CODcr was 3.79 tons per annum, well below the standard limit of 200 mg/l, indicating effective pollution control measures[175]. - The company has publicly disclosed its environmental monitoring data through the national pollution source monitoring platform, promoting transparency[179]. Corporate Governance - The company held 1 annual and 1 extraordinary shareholders' meeting, ensuring compliance with legal procedures and protecting minority shareholders' rights[135]. - The board of directors convened 10 meetings, reviewing 38 proposals, with 3 independent directors ensuring objective decision-making[137]. - The company has established independent operational capabilities, ensuring no reliance on the controlling shareholder in business, personnel, and financial matters[143]. - The company has a structured management team with clear roles and responsibilities outlined for each member[146]. Employee Management - The total number of employees at the parent company and major subsidiaries is 19,034, with 210 at the parent company and 18,824 at subsidiaries[160]. - The employee composition includes 5,660 production staff, 8,845 sales personnel, and 669 technical staff[161]. - The company has a diverse salary system that combines position-based pay and performance rewards, enhancing employee satisfaction and loyalty[163]. - The company has conducted internal training programs focusing on management skills, professional skills, and safety training for employees[164].

Financial Performance - The net profit for the parent company in 2021 was CNY 3,984,775,259.62, with a statutory reserve of CNY 384,162,377.63, resulting in a total distributable profit of CNY 22,393,882,882.72 at year-end [3]. - The cash dividend proposed is CNY 0.50 per share, totaling CNY 2,311,820,951, which represents 45.09% of the net profit attributable to shareholders for 2021 [3]. - The total cash dividend, including share repurchase amounts, is CNY 2,708,008,028.59, accounting for 52.82% of the net profit attributable to shareholders for 2021 [3]. - The company's operating revenue for 2021 was approximately CNY 13.61 billion, an increase of 18.57% compared to CNY 11.48 billion in 2020 [16]. - The net profit attributable to shareholders for 2021 was approximately CNY 5.13 billion, a decrease of 29.15% from CNY 7.24 billion in 2020 [16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 4.44 billion, an increase of 41.34% compared to CNY 3.14 billion in 2020 [16]. - The net cash flow from operating activities for 2021 was approximately CNY 1.06 billion, a decrease of 51.85% from CNY 2.21 billion in 2020 [16]. - The company's total assets at the end of 2021 were approximately CNY 80.22 billion, a slight increase of 0.26% from CNY 80.02 billion at the end of 2020 [16]. - The net assets attributable to shareholders at the end of 2021 were approximately CNY 34.00 billion, an increase of 19.14% from CNY 28.54 billion at the end of 2020 [16]. - The basic earnings per share for 2021 were CNY 1.13, a decrease of 27.56% from CNY 1.56 in 2020 [17]. - The weighted average return on net assets for 2021 was 16.17%, a decrease of 9.86 percentage points from 26.03% in 2020 [17]. Strategic Initiatives - The company is focusing on a multi-brand strategy to enhance brand management and control costs, indicating a shift towards independent brand operations [2]. - The company plans to strengthen brand construction and integrate online and offline sales channels to adapt to market changes [2]. - The company is exploring acquisitions and collaborations with domestic and international brands, particularly in the sports and trendy fashion sectors [2]. - The company aims to leverage digitalization to improve management and upgrade traditional industries, targeting standardization and automation [2]. - The company acknowledges the need for continuous innovation and transformation in response to increasing international competition and market uncertainties [2]. - The company has committed to providing quality services to society and maximizing returns for shareholders as part of its mission [2]. - The company plans to enhance its DTC (Direct to Consumer) model to better reach consumers and improve sales performance [11]. - The company is focusing on the development of new products and technologies, particularly in the area of sustainable materials like hemp [11]. - The company is focusing on building a diversified brand matrix to enhance its competitive advantage in the fashion industry [24]. - The company plans to enhance supply chain flexibility and improve production capacity balance in response to market changes [52]. Market Performance - The company reported a total of CNY 3.56 billion in operating revenue for Q4 2021, which was a decline compared to previous quarters [19]. - The company experienced a significant increase in cash flow from operating activities in the first three quarters, but faced a cash outflow in Q4, highlighting potential liquidity challenges [19]. - The company achieved a total revenue of 1,360,686.31 million CNY, representing a year-on-year growth of 18.57% [24]. - The company's core brand YOUNGOR maintained its market leadership in shirts and suits, with a revenue of 682,112.21 million CNY, up 7.69% year-on-year [24]. - The fashion segment's net profit was 93,577.43 million CNY, reflecting a slight decline of 2.55% compared to the previous year [24]. - The company reported a net profit of 444,404.36 million CNY after excluding non-recurring gains, marking a 41.34% increase year-on-year [24]. - The company achieved an online GMV exceeding 1 billion yuan, with its Tmall flagship store ranking first in the business men's clothing category during major sales events [37]. - The company’s retail space reached 489,500 square meters, with a 10% year-on-year increase in average store size [37]. - The company’s real estate business generated revenue of 666.54 million yuan, reflecting a year-on-year growth of 31.44% [40]. Research and Development - The company has established three research institutes focused on technology improvements, completing 43 projects related to shirts, suits, and fashion [38]. - The company’s R&D expenses increased by 4.10% to 6,717.86 million RMB, reflecting ongoing investment in innovation [47]. - Major R&D projects include the development of wrinkle-resistant shirts and antibacterial fabrics, with a focus on smart manufacturing technologies [58][59]. - The total R&D investment for the period was CNY 6,993.13 million, accounting for 0.51% of operating revenue [56]. Corporate Governance - The company has held 10 board meetings and reviewed 38 proposals, ensuring compliance with governance standards [97]. - YOUNGOR's information disclosure practices have been timely and accurate, with 4 periodic reports and 60 announcements made in 2021 [99]. - The company engaged with investors through over 1,500 phone calls and held 2 online earnings briefings, ensuring effective communication [100]. - The company emphasizes the importance of investor communication, ensuring no leakage of insider information during the reporting period [101]. - The company maintains complete independence from its controlling shareholders in terms of operations, personnel, assets, and finances [102]. - The company has a clear organizational structure with independent operation of the board and supervisory committee [102]. - The company has not faced any significant changes in competitive conditions that would affect its operations [102]. - The company has not reported any significant differences in governance compared to regulatory requirements [101]. Environmental and Social Responsibility - The company has a wastewater treatment facility with a daily capacity of 1,000 tons, meeting the required discharge standards [140]. - The actual discharge of CODcr was 3.79 tons per year, well below the standard limit of 200 mg/l [138]. - The company has complied with environmental regulations and has no administrative penalties for environmental issues during the reporting period [142]. - The company has established an emergency response plan for environmental incidents [141]. Shareholder Information - The total number of ordinary shareholders increased from 90,261 to 93,166 during the reporting period [175]. - The top ten shareholders held a total of 1,529,058,577 shares, representing 33.03% of the total share capital [176]. - The company completed a share buyback of 199,999,999 shares, accounting for 4.32% of the total share capital as of August 3, 2021 [171]. - The company will repurchase and cancel any restricted shares that do not meet the unlock conditions during the specified periods [179].