Core Insights - The company, Youngor (600177.SH), reported a total operating revenue of 6.777 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 19.32% [1] - The net profit attributable to shareholders of the parent company was 2.349 billion yuan, down 6.48% year-on-year [1] - The basic earnings per share stood at 0.51 yuan [1]

证券代码：600177 证券简称：雅戈尔 编号：临 2025-042 雅戈尔时尚股份有限公司 关于召开 2025 年第三季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。 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 2025 年 11 月 12 日(星期三) 至 11 月 18 日(星期二)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。 雅戈尔时尚股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日发 布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 11 月 19 日（星期三）上 午 09:30-11:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交 流。 一、 说明会类型 本次业绩说明会以视 ...

股票简称：雅戈尔 股票代码：600177 编号：临 2025-041 雅戈尔时尚股份有限公司 2025 年半年度利润分配方案的公告 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。 ●2025 年半年度每股分配比例：每股派发现金红利 0.08 元（含税），不送 红股，不进行资本公积金转增股本。 ●本次利润分配以 2025 年半年度权益分派实施公告确定的股权登记日的总 股本为基数，具体日期将在权益分派实施公告中明确。 ●在实施权益分派的股权登记日前公司总股本发生变动的，拟维持每股分配 金额不变，相应调整分配总额，并将另行公告具体调整情况。 一、2025 年半年度利润分配方案 2025 年半年度，母公司实现净利润 1,769,402,342.37 元（未经审计）。截至 2025 年 6 月 30 日，母公司未分配利润为 27,760,286,703.17 元（未经审计）。 公司董事会提出以下利润分配方案：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 0.0 ...

Financial Performance - The company's operating revenue for the third quarter was ¥1,665,924,686.17, a decrease of 38.05% compared to the same period last year[4]. - Total profit for the quarter was ¥674,091,656.63, reflecting an increase of 8.36% year-on-year[4]. - Net profit attributable to shareholders was ¥634,045,914.42, down by 1.99% compared to the previous year[4]. - The basic earnings per share for the quarter was ¥0.14, a decrease of 1.82% year-on-year[4]. - The weighted average return on net assets was 1.48%, a decrease of 0.14 percentage points compared to the previous year[4]. - Total operating revenue for the first three quarters of 2025 was CNY 6,777,235,254.05, a decrease of 19.3% compared to CNY 8,399,867,467.16 in the same period of 2024[23]. - Total operating costs for the first three quarters of 2025 were CNY 6,961,338,722.30, down from CNY 8,233,971,178.24 in 2024, reflecting a reduction of 15.5%[23]. - Operating profit for the first three quarters of 2025 was CNY 2,486,228,972.57, compared to CNY 2,617,014,001.36 in 2024, indicating a decline of 5.0%[23]. - The total profit for the period was approximately 2.48 billion RMB, a decrease from 2.60 billion RMB in the previous period, representing a decline of about 4.7%[24]. - Net profit attributable to shareholders of the parent company was approximately 2.35 billion RMB, down from 2.51 billion RMB, reflecting a decrease of around 7.1%[24]. - Basic and diluted earnings per share were both 0.51 RMB, compared to 0.54 RMB in the previous period, indicating a decline of approximately 5.6%[25]. - The company reported a total comprehensive income of approximately 3.54 billion RMB, down from 4.33 billion RMB, reflecting a decrease of about 18.2%[24]. Assets and Liabilities - Total assets at the end of the period amounted to ¥73,402,207,433.10, an increase of 2.82% from the end of the previous year[4]. - The company's total assets as of September 30, 2025, included cash and cash equivalents of CNY 12,555,696,481.16, an increase from CNY 7,737,191,648.38 at the end of 2024[19]. - The company's inventory stood at CNY 9,156,124,643.11, down from CNY 9,854,140,895.17 at the end of 2024[19]. - Long-term equity investments increased to CNY 26,555,876,542.36 in 2025 from CNY 25,829,921,701.12 in 2024, representing a growth of 2.8%[20]. - Total assets amounted to CNY 73,402,207,433.10 in 2025, up from CNY 71,389,352,770.85 in 2024, showing an increase of 2.8%[21]. - Current liabilities decreased to CNY 18,369,962,650.55 in 2025 from CNY 24,383,311,782.74 in 2024, a reduction of 24.7%[21]. - Non-current liabilities rose to CNY 12,013,788,168.58 in 2025, compared to CNY 5,566,667,042.69 in 2024, reflecting an increase of 115.0%[21]. - The company's cash and cash equivalents increased to CNY 24,389,416,907.02 in 2025 from CNY 19,836,408,734.70 in 2024, a growth of 22.8%[20]. Revenue Segmentation - The fashion segment generated operating revenue of CNY 503,749.91 million, a year-on-year increase of 9.86%, with the main apparel business contributing CNY 442,708.20 million, up 15.75%[13]. - The real estate segment had no new projects launched, achieving pre-sales of CNY 75,059.29 million and recognizing revenue of CNY 173,175.41 million, down 70.58% and 54.41% year-on-year respectively[17]. - The investment business reported a net profit of CNY 202,413.77 million, reflecting a year-on-year growth of 3.87%[17]. Shareholder Information - The company had a total of 85,396 common shareholders at the end of the reporting period[8]. - The largest shareholder, Ningbo Youngor Holding Co., Ltd., held 1,798,681,413 shares, representing 38.90% of the total shares[9]. Cash Flow - Cash flow from operating activities generated a net amount of approximately 668 million RMB, down from 697 million RMB, a decrease of about 4.2%[26]. - Cash inflow from investment activities totaled approximately 11.17 billion RMB, significantly up from 3.81 billion RMB, marking an increase of around 194.5%[27]. - Cash flow from financing activities resulted in a net outflow of approximately 1.47 billion RMB, an improvement compared to a net outflow of 7.58 billion RMB in the previous period[27]. - The ending balance of cash and cash equivalents was approximately 12.54 billion RMB, an increase from 7.96 billion RMB, reflecting a growth of about 57.5%[27]. - The company received approximately 6.72 billion RMB from investment recoveries, a significant increase from 1.66 billion RMB, representing an increase of about 303.5%[27]. Strategic Initiatives - The company continues to implement a "large store strategy" to enhance its market presence and operational efficiency[14]. - The company opened 140 new self-operated stores and closed 115, resulting in a net increase of 25 stores, with a total of 1,896 self-operated stores and an operating area of 540,000 square meters[14][16]. - The company's self-operated online sales channel generated revenue of CNY 59,972.45 million, up 26.05% year-on-year[14]. Non-Recurring Items - The company reported non-recurring gains and losses totaling ¥73,862,569.72 for the quarter[6]. - Other comprehensive income after tax attributable to the parent company was approximately 1.20 billion RMB, down from 1.82 billion RMB, indicating a decrease of around 34.3%[24].

Core Viewpoint - The company reported a net profit of 1.769 billion yuan for the first half of 2025, with undistributed profits amounting to 27.76 billion yuan as of June 30 [1] Financial Performance - The company's board proposed a profit distribution plan, declaring a cash dividend of 0.08 yuan per share based on the total share capital after deducting the number of shares repurchased on the record date [1] - As of the board meeting date, a total of 366 million yuan in cash dividends has been distributed, with no bonus shares or capital reserve fund transfers to increase share capital [1]

Core Insights - A total of 490 stocks in the Shanghai and Shenzhen markets have experienced net outflows of main funds for five consecutive days or more as of October 29 [1] - The stock with the longest continuous net outflow is Zhongju Gaoxin, with 31 days of outflows, followed by Hengshen New Materials with 21 days [1] - The largest total net outflow amount is from China Merchants Bank, with a cumulative outflow of 3.093 billion yuan over 12 days [1] Group 1: Stocks with Longest Net Outflows - Zhongju Gaoxin has seen net outflows for 31 days, with a total outflow of 559 million yuan and a cumulative decline of 6.91% [1] - Hengshen New Materials has recorded net outflows for 21 days, totaling 197 million yuan, with a decline of 9.80% [3] - China Merchants Bank has the highest net outflow amount of 3.093 billion yuan over 12 days, with a net outflow ratio of 6.98% and a cumulative increase of 1.65% [1] Group 2: Other Notable Stocks - Guotai Junan has experienced net outflows for 10 days, amounting to 1.877 billion yuan, with a net outflow ratio of 7.89% and a cumulative increase of 2.70% [1] - Shengbang Co. has seen net outflows for 12 days, totaling 1.826 billion yuan, with a net outflow ratio of 9.52% and a cumulative decline of 10.65% [1] - Huajian Group has recorded net outflows for 6 days, with a total outflow of 1.713 billion yuan and a significant decline of 40.29% [1] Group 3: Stocks with Significant Outflow Ratios - Jianan Intelligent has the highest net outflow ratio at 14.74%, with a decline of 2.98% over the past 5 days [1] - Other notable stocks with high outflow ratios include Huayi Development at 11.91% and Pianzaihuang at 11.84% [1] - The overall trend indicates a significant outflow of funds from various sectors, reflecting investor sentiment and market conditions [1]

Group 1 - The company plans to repurchase shares using between RMB 500 million and RMB 960 million of its own funds, with a maximum repurchase price of RMB 8 per share, for a period not exceeding 12 months [1] - Following the implementation of the first quarter dividend distribution on September 12, 2025, the maximum repurchase price was adjusted to RMB 7.92 per share [1] Group 2 - As of October 21, 2025, the company has repurchased a total of 46,479,100 shares, representing 1.01% of the total share capital, with a maximum purchase price of RMB 7.67 per share and a minimum of RMB 7.28 per share, totaling RMB 345,679,456.07 spent [2] - The company will continue to make repurchase decisions based on market conditions and will fulfill its information disclosure obligations in a timely manner [2]

Core Viewpoint - On October 21, 2023, the company announced that it has repurchased a total of 46,479,100 shares through centralized bidding, representing 1.01% of its total share capital [1] Summary by Category Share Repurchase - The company has completed a share repurchase of 46,479,100 shares [1] - This repurchase accounts for 1.01% of the company's total share capital [1]

Group 1 - The report focuses on tracking large purchases and net active buying through transaction data to identify potential investment opportunities [1][2] - The top five stocks with the highest large purchase amounts over the last five trading days (October 13 to October 17, 2025) are: Asia-Pacific Pharmaceutical, Guosheng Technology, Anke Technology, Huayuan Holdings, and Delixi [5][8] - The top five stocks with the highest net active buying amounts during the same period are: Hu Nong Commercial Bank, Youngor, Guotou Power, Shandong Highway, and Jiangyin Bank [5][10] Group 2 - The top five industries with the highest large purchase amounts are: Comprehensive, Banking, Steel, Coal, and Transportation [5][13] - The top five industries with the highest net active buying amounts are: Banking, Steel, Coal, Transportation, and Agriculture, Forestry, Animal Husbandry, and Fishery [5][13] Group 3 - The top five ETFs with the highest large purchase amounts are: Guotai Shanghai Stock Exchange State-owned Enterprise Dividend ETF, Fortune CSI Tourism Theme ETF, Huatai-PB Shanghai Stock Exchange Dividend ETF, Huaxia CSI Tourism Theme ETF, and Huaxia CSI 1000 ETF [5][15] - The top five ETFs with the highest net active buying amounts are: Huatai-PB Dividend Low Volatility ETF, Huabao CSI Banking ETF, Guotai CSI Animal Husbandry ETF, Huitianfu CSI Major Consumption ETF, and Guotai Shanghai Stock Exchange State-owned Enterprise Dividend ETF [5][16]

Core Viewpoint - The company, Youngor (600177.SH), has announced a share buyback program, indicating a strategic move to enhance shareholder value through the repurchase of its own shares [1] Summary by Categories Share Buyback Details - As of October 21, 2025, the company has repurchased a total of 46.4791 million shares, which represents 1.01% of its total share capital [1] - The highest purchase price for the shares was 7.67 yuan per share, while the lowest was 7.28 yuan per share [1] - The total amount spent on the buyback, excluding transaction fees, is 346 million yuan [1]