RSM 容诚 审计报告 九牧王股份有限公司 容诚审字|2025]361Z0175 号 容诚会计师事务所(特殊普通合伙) 中国 北京 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.cn）"进行查处 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.cn）"进行查处 2014-04-11 1 录 | 序号 | 内 容 | 项码 | | --- | --- | --- | | 1 | 审计报告 | 1 -6 | | 2 | 合并资产负债表 | 1 | | 3 | 合并利润表 | 2 | | 4 | 合并现金流量表 | 3 | | 5 | 合并股东权益变动表 | 4 | | 6 | 母公司资产负债表 | 5 | | 7 | 母公司利润表 | 6 | | 8 | 母公司现金流量表 | 7 | | 9 | 母公司股东权益变动表 | 8 | | 10 | 财务报表附注 | 9- 114 | k t 12 11:1 审计报告 容诚审字[2025]361Z0175 号 九牧王股份有限公司全体股东: 一、审计意见 我们审计了九牧王股份有限 ...

九牧王股份有限公司 章 程 1 | | | | 第一节 | 股份发行 4 | | --- | --- | | 第二节 | 股份增减和回购 6 | | 第三节 | 股份转让 7 | | 第一节 | 股东的一般规定 8 | | 第二节 | 控股股东和实际控制人 11 | | 第三节 | 股东会的一般规定 12 | | 第四节 | 股东会的召集 19 | | 第五节 | 股东会的提案与通知 21 | | 第六节 | 股东会的召开 22 | | 第七节 | 股东会的表决和决议 25 | | 第一节 | 董事的一般规定 29 | | 第二节 | 董事会 33 | | 第三节 | 独立董事 41 | | 第四节 | 董事会专门委员会 44 | | 第一节 | 财务会计制度 49 | | 第二节 | 内部审计 54 | | 第三节 | 会计师事务所的聘任 54 | | 第一节 | 通知 55 | | 第二节 | 公告 56 | | 第一节 | 合并、分立、增资和减资 | | | 56 | | 第二节 | 解散和清算 58 | | 第十一章 | 附则 60 | 九牧王股份有限公司 章程 第一章 总则 第一条 为维护九牧王股份 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 895,073,592.48, a decrease of 4.76% compared to CNY 939,844,189.71 in the same period last year[4] - Net profit attributable to shareholders increased by 77.25% to CNY 191,747,484.87 from CNY 108,181,204.69 year-on-year[4] - The basic earnings per share rose by 73.68% to CNY 0.33, compared to CNY 0.19 in the previous year[4] - Total revenue for Q1 2025 was RMB 88,492.62 million, a decrease of 5.17% compared to Q1 2024 revenue of RMB 93,312.94 million[13] - Gross margin improved to 66.18% in Q1 2025 from 65.50% in Q1 2024[13] - The company reported a total comprehensive income of CNY 195,149,135.80 for Q1 2025, compared to CNY 111,341,406.92 in Q1 2024, an increase of 75.4%[39] - The company's financial expenses decreased significantly, with interest expenses dropping to CNY 2,710,911.86 from CNY 4,769,255.93 year-over-year[38] Cash Flow and Investments - The net cash flow from operating activities decreased by 32.37% to CNY 71,433,831.43 from CNY 105,620,424.95[4] - Cash inflow from investment activities totaled CNY 2,551,847,468.51, significantly higher than CNY 1,584,435,862.98 in the previous year[41] - The company's cash flow from investing activities showed a net outflow of CNY 41,530,821.41, compared to a net inflow of CNY 11,343,324.69 in the previous period[42] - The company's cash flow from financing activities resulted in a net outflow of CNY 13,322,370.31, contrasting with a net inflow of CNY 19,777,168.73 in the prior year[42] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,619,247,115.31, down 1.74% from CNY 5,718,858,586.34 at the end of the previous year[5] - Total liabilities decreased to CNY 1,517,318,515.68 from CNY 1,812,613,770.93, reflecting a reduction of 16.3%[36] - The total current liabilities decreased to CNY 1,020,000,000.00 from CNY 1,200,000,000.00, indicating a reduction of about 15.0%[35] - The total equity attributable to shareholders increased to CNY 4,138,362,299.85, up from CNY 3,944,909,885.99, marking a growth of 4.9%[36] Store Operations - The company opened 23 new stores and closed 37 stores in Q1 2025, resulting in a total of 2,357 stores as of March 31, 2025[15] - The total area of stores as of March 31, 2025, was 385,590 square meters, slightly down from 387,491 square meters at the end of 2024[16] - Direct store revenue was CNY 50,885.45 million, with a gross margin of 68.29%, reflecting a 15.78% increase in revenue[11] - The revenue from franchise stores decreased by 27.37% to CNY 29,739.60 million, with a gross margin of 63.89%[11] Equity Investments - The company made a significant equity investment of 21,628.90 million RMB in Shanghai Jinglin Jiusheng Xinlian Equity Investment Center, holding a 99% stake[21] - An additional investment of 30,000.00 million RMB was made in Beijing Ruiteng Yihong Investment Management Co., holding an 8.57% stake[21] - The company increased its investment by 18,540.00 million RMB in Xiamen Zhongjin Qitong Investment Partnership, holding a 31.20% stake[21] - The total amount of major equity investments as of March 31, 2025, reached 78,877.01 million RMB[22] Financial Products - The company has issued a total of 3 billion in financial products with yields of 38.47% and 39.19%[27] - The total amount of financial products issued by the company is projected to reach 10 billion by the end of 2025[27] - The company is focusing on enhancing its research and development capabilities for new financial products[27] - The company aims to increase its market share through strategic acquisitions and partnerships in the financial sector[27] Shareholder Information - The largest shareholder, Jiumuwang International Investment Holdings, owns 53.73% of the shares, totaling 308,768,140 shares[19] - The company has 14,195 common shareholders as of the end of the reporting period[18]

Financial Performance - The overall performance in 2024 did not meet expectations, indicating significant operational pressure on the company[13]. - In 2024, the company's operating revenue reached CNY 318,124.53 million, a 4.13% increase compared to CNY 305,499.87 million in 2023[32]. - The net profit attributable to shareholders decreased by 7.86% to CNY 17,620.53 million in 2024 from CNY 19,123.83 million in 2023[35]. - The net profit after deducting non-recurring gains and losses fell by 16.72% to CNY 20,106.14 million in 2024 from CNY 24,142.37 million in 2023[35]. - The net cash flow from operating activities decreased by 54.32% to CNY 26,617.45 million in 2024 from CNY 58,265.54 million in 2023[36]. - The total assets at the end of 2024 were CNY 571,885.86 million, a decrease of 1.16% from CNY 578,604.56 million at the end of 2023[32]. - The weighted average return on equity decreased to 4.50% in 2024 from 4.98% in 2023, reflecting a decline of 0.48 percentage points[34]. - The company reported a significant increase in advertising and promotional expenses, totaling an increase of CNY 46,221.60 million year-on-year[35]. - The company achieved operating revenue of 318,124.53 million RMB, a year-on-year increase of 4.13%[45]. - Net profit attributable to shareholders decreased by 7.86% to 17,620.53 million RMB, while net profit excluding non-recurring gains and losses fell by 16.72% to 20,106.14 million RMB[45]. Product Development and Innovation - The company launched a "five pants matrix" including "Little Black Pants, Easy Pants, Business Outdoor No.1 Pants, Free Jeans, and Custom Western Pants" to cater to diverse consumer needs[15]. - The company aims to focus on product innovation and quality, emphasizing the importance of high cost-performance products to meet changing consumer demands[19]. - The strategic focus is on becoming the leading brand in men's pants, with a commitment to product excellence and user-centric approaches[18]. - The company launched the "Five Pants Series" product matrix, enhancing its product offerings for various consumer scenarios[46]. - The "Light Pants" utilize advanced lightweight and breathable materials, offering improved comfort and ease of care[48]. - The "Free Jeans" feature a unique 7-fold elasticity fabric, addressing common issues with traditional denim[48]. - The company emphasizes product innovation by integrating traditional culture with modern trends, focusing on high-quality and functional materials[67]. - FUN brand accelerated its "fashion pants" strategy, focusing on brand renewal and product innovation, with significant growth in store efficiency from the first batch of renovated stores[63]. Market Strategy and Brand Positioning - The company plans to leverage digitalization and AI tools to enhance operational efficiency and customer experience[20]. - The company signed five celebrity endorsements and participated in major events like Paris Fashion Week to boost brand influence and appeal to younger demographics[34]. - The company plans to continue optimizing its channel structure and enhancing customer shopping experiences through upgraded store images and increased presence in mainstream channels[34]. - The company has maintained a leading market share in the men's pants segment for 25 consecutive years, with a comprehensive market share ranking first in China[79]. - The company operates multiple brands, including the "Men's Pants Expert" Jiumuwang and the Korean business casual brand ZIOZIA, to cover various consumer segments[69]. - The FUN brand targets young consumers aged 18-35, aiming to redefine pants with stylish and functional products[71]. - The company is actively expanding its global presence and exploring mergers and acquisitions to enhance market penetration and brand synergy[67]. Operational Efficiency and Cost Management - The company has adopted a vertical integration business model to enhance supply chain value, connecting design, research and development, production, and sales[84]. - The total operating cost for the period was 108,073.55 million RMB, a decrease of 0.30% compared to the previous year[98]. - The cost of men's pants accounted for 43.21% of total costs, with a decrease of 1.77% year-over-year, totaling 46,697.38 million RMB[98]. - The cost of T-shirts increased by 3.99% year-over-year, reaching 11,165.17 million RMB, with a shift to outsourcing production starting in 2024[99]. - The company has focused on high-quality product development, with production processes involving approximately 108 procedures and 23,000 stitches for its trousers[81]. Corporate Governance and Management - The company approved the revision of the Articles of Association and the establishment of the Independent Director Work System during the shareholder meeting held on January 15, 2024[160]. - The total remuneration for directors and senior management in the reporting period amounted to CNY 847.74 million, with the chairman receiving CNY 51.31 million and the general manager receiving CNY 105.48 million[161]. - The company is focused on strategic management and operational efficiency, as evidenced by the roles of its senior management team[162]. - The company has established a guarantee limit for its subsidiaries, indicating a strategy for supporting growth through financial backing[160]. - The independent directors have extensive experience in various sectors, enhancing the governance structure of the company[162]. - The company has a comprehensive remuneration distribution plan that considers industry and regional salary levels[168]. Social Responsibility and Sustainability - The company emphasizes corporate culture and social responsibility, launching the 2024 version of its cultural handbook to celebrate its 35th anniversary[57]. - The company has established an environmental management system certified by GB/T 24001 and ISO14001, ensuring compliance with environmental regulations[197]. - The company has taken measures to reduce carbon emissions, including recovering waste heat from steam condensate to reduce natural gas consumption[199]. - Total donations and public welfare project investments amounted to 6.22 million yuan, with 5.05 million yuan in cash donations and 1.17 million yuan in material contributions[200]. - The company has been compiling and disclosing its social responsibility report since its listing and began preparing ESG reports in 2022[200]. Future Outlook and Challenges - The company aims for a revenue target of 3.3 billion RMB in 2025, with a cost and expense target of 3.05 billion RMB[150]. - The company faces risks from macroeconomic fluctuations, which may impact consumer spending and habits, potentially affecting future performance[154]. - Increased competition in the apparel industry due to changing consumer demands and a lack of innovation may challenge the company's market position[154]. - The company is adapting to changes in retail channels, focusing on expanding its online presence and optimizing multi-channel strategies[154]. - The reliance on the Jiumuwang brand for revenue growth poses a risk, prompting the company to pursue a multi-brand strategy[155].

公司代码：601566 公司简称：九牧王 九牧王股份有限公司 2024年度内部控制评价报告 九牧王股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由于情况的变化可能导致内部控制变得 ...

九牧王股份有限公司 2024 年度监事会工作报告 2024 年度（以下简称"报告期"），九牧王股份有限公司（以下简称"公司"） 监事会按照《公司法》、《公司章程》及《监事会议事规则》等相关法律法规和公 司规章制度的规定及要求，本着对公司全体股东负责的精神，认真履行法律、法 规所赋予的职责，积极开展工作，维护公司全体股东的合法权益，促进公司的规 范运作。现将公司监事会 2024 年度工作情况报告如下： 一、2024 年度监事会工作情况 （一）报告期内监事会会议情况 报告期内，公司监事会召集、召开了 3 次监事会会议，具体情况如下： 第五届监事会第七次会议于 2024 年 4 月 25 日召开，会议审议通过了《2023 年年度报告》全文及摘要、《2024 年第一季度报告》、《2023 年度监事会工作报告》、 《2023 年度内部控制评价报告》、《关于计提资产减值准备的议案》； 第五届监事会第八次会议于 2024 年 8 月 26 日召开，会议审议通过了《2024 年半年度报告》全文及摘要； 第五届监事会第九次会议于 2024 年 10 月 28 日召开，会议审议通过了《2024 年第三季度报告》。 （一）对公司依 ...

九牧王股份有限公司 董事会审计委员会 2024 年度履职报告 按照上海证券交易所《关于做好主板上市公司 2024 年年度报告披露工作的 通知》和《上市公司自律监管指引第 1 号——规范运作》的要求，公司董事会审 计委员会本着勤勉尽责的原则，认真履行了审计监督职责，现对审计委员会 2024 年度的履职情况汇报如下： 一、董事会审计委员会基本情况及会议召开情况 1、审计委员会基本情况 董事会审计委员会由 3 名董事组成，其中独立董事 2 名，非独立董事 1 名， 召集人由具有专业会计资格的独立董事担任。 报告期内，公司董事会审计委员会按照公司《董事会审计委员会工作细则》 的规定及时召开审计委员会会议，行使审计委员会职责。 2、审计委员会 2024 年度会议召开情况 2024 年度审计委员会共召开 3 次会议，审议公司日常关联交易、定期报告、 计提资产减值准备、续聘会计师事务所、2023 年度内部控制评价报告等相关议 案；此外，在年度审计期间召开与年审注册会计师的沟通会议 3 次，全体委员均 亲自参加了会议。具体会议情况如下： 2024 年 4 月 10 日，召开第五届董事会审计委员会 2024 年第一次会议，审 ...

九牧王股份有限公司 对会计师事务所 2024 年度履职情况的评估报告 根据财政部、国资委及证监会颁布的《国有企业、上市公司选聘会计师事务 所管理办法》《上海证券交易所自律监管指引第 1 号——规范运作》及《公司章 程》，九牧王股份有限公司（以下简称"公司"）对公司 2024 年度财务报告审计 和内部控制审计机构容诚会计师事务所（特殊普通合伙）（以下简称"容诚所"） 2024 年审计过程中的履职情况进行评估，具体情况如下： 一、资质条件 1.基本信息 2.人员信息 截至 2024 年 12 月 31 日，容诚会计师事务所共有合伙人 212 人，共有注册 会计师 1552 人，其中 781 人签署过证券服务业务审计报告。 3.业务规模 容诚会计师事务所经审计的 2023 年度收入总额为 287,224.60 万元，其中审 计业务收入 274,873.42 万元，证券期货业务收入 149,856.80 万元。 容诚会计师事务所共承担 394 家上市公司 2023 年年报审计业务，审计收费 总额 48,840.19 万元，客户主要集中在制造业（包括但不限于计算机、通信和其 他电子设备制造业、专用设备制造业、电气机械和 ...

关于预计证券投资额度的公告 证券代码：601566 证券简称：九牧王 公告编号：临 2025-008 九牧王股份有限公司 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、本次证券投资概况 （一）证券投资目的 为提高资金使用效率，合理利用闲置资金，在不影响公司正常经营的情况下， 公司及其控股子公司使用自有闲置资金进行证券投资。 1 / 4 本次证券投资金额：九牧王股份有限公司（以下简称"公司"）及其控股子 公司使用自有闲置资金进行证券投资，证券投资单日最高余额上限不超过 16 亿元。在上述额度内，资金可以滚动使用，有效期自董事会审议通过之日起 12 个月。 证券投资产品范围：包括但不限于新股配售或者申购、股票及存托凭证投资、 债券投资、交易型开放式指数基金（ETF）投资、公募基金投资、认购投资 于二级市场的私募证券投资基金份额以及上海证券交易所认定的其他证券 投资行为。 证券投资期限：本次证券投资额度的使用期限不应超过 12 个月，期限内任 一时点的交易金额（含前述投资的收益进行再投资的相关金额）不应超 ...

RSM 容诚 非经营性资金占用及其他关联资金 往来情况专项说明 九牧王股份有限公司 容诚专字[2025]361Z0133 号 容诚会计师事务所(特殊普通合伙) 中国 · 北京 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.cn）"进行了 " 关于九牧王股份有限公司 非经营性资金占用及其他关联资金往来情况专项说明 容诚专字[2025]361Z0133 号 九牧王股份有限公司全体股东: 我们接受委托,依据中国注册会计师审计准则审计了九牧王股份有限公司 (以 下简称九牧王公司）2024 年 12 月 31 日的合并及母公司资产负债表, 2024 年度的 合并及母公司利润表、合并及母公司现金流量表和合并及母公司股东权益变动表 以及财务报表附注，并于 2025 年 4 月 23 日出具了容诚审字[2025]361Z0175 号的 无保留意见审计报告。 根据中国证券监督管理委员会《上市公司监管指引第 8 号 -- 上市公司资金 往来、对外担保的监管要求》的要求及上海证券交易所《上海证券交易所上市公司 自律监管指南第 2 号――业务办理》的规定，九牧王公司管理层编制了后附的九 ...