证券代码：601566 证券简称：九牧王 公告编号：临 2025-024 九牧王股份有限公司 关于新增日常关联交易的公告 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个别及连带责任。 重要内容提示： 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 1、董事会表决情况和关联董事回避情况：2025 年 8 月 21 日，公司第六届 董事会第三次会议审议通过了《关于新增日常关联交易的议案》。因本议案涉及 关联交易，根据《上海证券交易所股票上市规则》的相关规定，关联董事陈加芽 回避表决，董事陈加贫因不同意《关于安徽经营权变更暨关联交易的议案》，认 为过渡期设置较长，公司应尽快完成交接并经营，而投了反对票，董事会以 7 票赞成，1 票反对，0 票弃权通过了该议案。 1 / 4 交易内容：九牧王股份有限公司（以下简称"公司"）拟委托经销商安 徽省九特龙投资有限公司（以下简称"安徽九特龙"）销售"九牧王" 品牌服饰产品，委托销售预计不超过人民币 3,000 万元，委托期限自合 同签订之日起至 2026 年 3 月 31 日止。 本议案经 ...

证券代码：601566 证券简称：九牧王 公告编号：临 2025-023 九牧王股份有限公司 关于安徽市场经营权变更暨关联交易的公告 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个别及连带责任。 重要内容提示： 一、关联交易概述 1 / 5 交易内容：九牧王股份有限公司（以下简称"公司"）拟收回安徽市场 经营权，同时对经销商安徽省九特龙投资有限公司（以下简称"安徽九 特龙"）的部分货品进行回购，并对相关门店的装修剩余价值予以折价 购买。预计回购货品及购买装修剩余价值的总金额不超过 3,000 万元。 本次交易的交割日为 2026 年 3 月 31 日。 本次交易构成关联交易，但未构成《上市公司重大资产重组管理办法》 规定的重大资产重组。本议案已经公司第六届董事会第三次会议审议通 过，不需提交股东大会审议。 过去12个月内公司及其子公司与同一关联人的关联交易达到3,000万元 以上，但未占公司最近一期经审计净资产绝对值 5%以上，无需提交股 东大会审议批准。除本次交易外，过去 12 个月内公司及其子公司未发 生与不同关联人的同类别的关联 ...

九牧王股份有限公司 第六届独立董事专门会议第一次会议决议 九牧王股份有限公司(以下简称"公司")第六届独立董事专门会议第一次 会议于 2025年8月20日以现场与通讯相结合的方式在厦门市思明区宜兰路1号 九牧王国际商务中心会议室召开。本次会议应到独立董事3人,实到独立董事3 人,全体独立董事共同推举本次会议由薛祖云先生主持,应独立董事要求公司董 事会秘书张景淳先生列席了会议。本次会议的召开符合《公司法》《公司章程》 及《独立董事工作细则》的规定。 薛祖云: 童锦治: 表决结果:3 票同意、0 票弃权、0 票反对 (以下无正文) 1/2 (本页无正文,为九牧王股份有限公司第六届独立董事专门会议第一次会议之签 署页) 九牧王股份有限公司独立董事: 与会独立董事就收回安徽市场经营权、新增日常关联交易的事项进行审议, 并发表了审核意见: 我们认真审阅了公司提供的《市场经营权变更协议》、新增日常关联交易等 相关资料,经核查后,认为:1、公司收回安徽市场的经营权,是公司推进直面 消费者业务的一个举措,有利于公司直接了解消费者和市场需求,有利于加强对 终端及存货的管理,符合公司长期经营发展的需求:2、本次回购原经销商的部 ...

证券代码：601566 证券简称：九牧王 公告编号：临 2025-022 九牧王股份有限公司 第六届董事会第三次会议决议公告 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个别及连带责任。 九牧王股份有限公司（以下简称"公司"）第六届董事会第三次会议于 2025 年 8 月 21 日以现场与通讯相结合的方式，在厦门市思明区宜兰路 1 号九牧王国 际商务中心五楼会议室召开，会议由董事长林聪颖先生主持。本次会议通知及相 关资料于 2025 年 8 月 18 日以专人送达或电子邮件方式送达全体董事、高级管理 人员。 本次会议应到董事 9 人，实到董事 9 人，其中独立董事木志荣、董事陈加贫、 董事陈加芽以视频方式参加会议。公司非董事高级管理人员列席了会议。本次会 议符合《公司法》及《公司章程》的规定。 经与会董事以记名方式投票表决，本次会议审议并形成了以下决议： 一、审议并通过了《关于安徽市场经营权变更暨关联交易的议案》 本议案经公司第六届独立董事专门会议第一次会议审议通过，并发表如下意 见：1、公司收回安徽市场的经营权，是公司推进直面消费者 ...

证券代码：601566 证券简称：九牧王 公告编号：2025-021 九牧王股份有限公司 关于股东及一致行动人内部转让股份计划时间届满 二、减持计划的实施结果 暨未转让股份的公告 本公司董事会、全体董事及相关股东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： ● 股东及一致行动人持股的基本情况：本次内部转让股份计划实施前，九牧王股份有限公司（以下简 称"公司"）股东泉州市顺茂投资管理有限公司（以下简称"顺茂投资"）持有公司股份27,650,000股，占 公司总股本的4.8117%；顺茂投资及其一致行动人合计持有公司股份35,150,095股，占公司总股本的 6.1169%。 ● 公司于2025年4月23日披露《关于股东及一致行动人之间内部转让股份的提示性公告》（公告编号： 2025-002）。公司股东顺茂投资计划于公告披露之日起15个交易日后的3个月，将持有的公司股份转让 给其一致行动人，转让数量不超过1,200,000股，不超过公司总股本的0.2088%。截止2025年8月18日， 顺茂投资尚未实施股份转让计划。 一、内部转让主体 ...

证券代码：601566 证券简称：九牧王 公告编号：2025-021 九牧王股份有限公司 关于股东及一致行动人内部转让股份计划时间届满 暨未转让股份的公告 本公司董事会、全体董事及相关股东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： | 股东名称 | 顺茂投资 | | | | --- | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 | □是 | √否 | | | 直接持股 5%以上股东 | □是 | √否 | | | 董事、监事和高级管理人员 | □是 | √否 | | | 其他：与一致行动人合计持股 | 5%以上股东 | | 一、内部转让主体转让前基本情况 1 / 3 股东及一致行动人持股的基本情况：本次内部转让股份计划实施前， 九牧王股份有限公司（以下简称"公司"）股东泉州市顺茂投资管理有 限公司（以下简称"顺茂投资"）持有公司股份 27,650,000 股，占公 司总股本的 4.8117%；顺茂投资及其一致行动人合计持有公司股份 35,150,095 股，占公司总股本的 6.1169% ...

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 Viewpoint - The significant profit increase reported by companies like Jiumuwang is primarily driven by investment gains rather than strong sales in men's clothing, indicating a troubling trend in the men's apparel market where brands struggle to sell their products effectively [2][3][4]. Financial Performance - Jiumuwang expects a net profit of 150 to 180 million yuan for the first half of the year, representing a year-on-year increase of 200% to 260% [3]. - The profit surge is largely attributed to investment income, with fair value changes in financial assets expected to contribute 20 to 25 million yuan, a significant recovery from a loss of 111.32 million yuan in the previous year [3]. - In Q1, Jiumuwang's investment income grew by 4022.02% to approximately 12.45 million yuan, primarily due to gains from the disposal of trading financial assets [3]. Main Business Challenges - Jiumuwang's core business performance is declining, with expected non-recurring net profit of 95 to 110 million yuan for the first half, down 14% to 26% year-on-year [4]. - The overall men's apparel market is facing challenges, with Jiumuwang and other brands like Qipilang reporting significant declines in revenue and net profit from core operations [4][5]. Market Trends - The men's clothing market is experiencing a shift, with many brands relying on investment income to sustain profits amid poor sales performance [5][7]. - Inventory turnover days for Jiumuwang exceeded 300 days, indicating slow sales and excess stock, while Qipilang reported 206 days [8][9]. - The market is seeing a polarization in consumer preferences, with lower-priced products gaining market share while mid to high-end brands struggle [9][10]. Strategic Responses - Jiumuwang and Qipilang have shifted towards investment strategies to boost performance, with Jiumuwang having invested over 1 billion yuan in transformation efforts since 2020 [12][14]. - Both companies are attempting to reposition themselves, with Jiumuwang focusing on becoming a "men's pants expert" and Qipilang branding itself as a "jacket expert" [13][14]. - Industry experts suggest that brands need to embrace digital transformation and focus on high-end positioning to remain competitive in a challenging market [14].

[Current Period Performance Forecast](index=1&type=section&id=Current%20Period%20Performance%20Forecast) The company forecasts 2025 H1 net profit attributable to shareholders to grow significantly, while core operating profit is expected to decline 2025 Semi-Annual Performance Forecast | Metric | Estimated Amount (RMB Million) | Year-over-Year Change | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | 150 ~ 180 | Growth 200% ~ 260% | | **Net Profit Excluding Non-Recurring Gains/Losses** | 95 ~ 110 | Decline 14% ~ 26% | - This performance forecast is a preliminary estimate by the company's finance department and has not been audited by an accounting firm[2](index=2&type=chunk) [Prior Period Performance](index=2&type=section&id=Prior%20Period%20Performance) In 2024 H1, the company reported net profit attributable to shareholders of RMB 50.01 million, with core operating profit at RMB 128.27 million, indicating significant non-recurring losses 2024 Semi-Annual Performance Review | Metric | Amount | | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | 50.0149 RMB Million | | Net Profit Excluding Non-Recurring Gains/Losses | 128.2661 RMB Million | | Earnings Per Share | 0.09 RMB/share | [Analysis of Main Reasons for Performance Increase](index=2&type=section&id=Analysis%20of%20Main%20Reasons%20for%20Performance%20Increase) Performance increase is primarily due to improved non-operating gains/losses, specifically from fair value changes of financial assets - Performance growth is primarily attributed to non-operating gains/losses, especially fair value changes of financial assets[5](index=5&type=chunk) Comparison of Fair Value Changes in Financial Assets | Reporting Period | Estimated/Actual Amount (RMB Million) | Year-over-Year Impact | | :--- | :--- | :--- | | **2025 Semi-Annual** | 20 ~ 25 | Increase of approximately 130 RMB Million | | **2024 Semi-Annual** | -111.32 | - | [Risk Warning](index=2&type=section&id=Risk%20Warning) The company has identified no significant accounting disputes or uncertain transactions that could affect the forecast's accuracy - The company has identified no significant uncertainties affecting the accuracy of this performance forecast[6](index=6&type=chunk) [Other Notes](index=2&type=section&id=Other%20Notes) The company emphasizes that the announced data is preliminary, and final figures will be based on the 2025 semi-annual report, advising investor caution - Final financial data will be based on the company's officially disclosed 2025 semi-annual report, and investors are advised to exercise caution regarding investment risks[7](index=7&type=chunk)

Group 1 - The company expects to achieve a net profit attributable to shareholders of 150 million to 180 million yuan for the first half of 2025, representing a growth of 200% to 260% compared to the same period last year, which was 50.0149 million yuan [1]