证券代码：603518 证券简称：锦泓集团 公告编号：2025-028 | 账户名称 | 股份数量 | 注销股份数 | 注销日期 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | （股） | （股） | | | | | | | | 回购专用证券账户 | 759,500 | 759,500 | 2025 | 年 | 4 | 月 | 18 | 日 | 一、本次股份注销的决策程序 锦泓时装集团股份有限公司（以下简称"公司"）于 2025 年 2 月 27 日召开 2025 年第一次临时股东大会，审议通过了《关于变更回购股份用途并予以注销 的议案》，公司拟注销回购专户中 2024 年回购的股票 759,500 股。具体内容详 见公司在上海证券交易所网站（www.sse.com.cn）披露的《关于变更回购股份用 途并予以注销的公告》（公告编号：2024-083）、《2025 年第一次临时股东大会 决议公告》（公告编号：2025-016）。 公司已根据相关法律法规就本次注销事项履行了通知债权人的程序，具体内 容详见公司在上海证券 ...

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： 会议召开时间：2025 年 4 月 16 日（星期三）15:00—16:00 锦泓时装集团股份有限公司 关于召开 2024 年度业绩说明会的通知 会议召开地点： 证券代码：603518 证券简称：锦泓集团 公告编号：2025-027 上海证券交易所上证路演中心（http://roadshow.sseinfo.com）、 为便于广大投资者全面深入地了解公司 2024 年度经营情况，公司计划通过 网络形式召开"2024 年度业绩说明会"，在信息披露允许的范围内与投资者进 行沟通交流并对普遍关注的问题进行回答。 二、说明会召开的时间、地点 东方财富路演平台（http://roadshow.eastmoney.com/luyan/4681700） 会议召开方式：网络文字互动 会议召开时间：2025 年 4 月 16 日（星期三）15:00—16:00 会议召开地点： 上海证券交易所上证路演中心（http://roadshow.sseinfo.com）、 自即日起至 ...

锦泓时装集团股份有限公司 关于召开 2024 年年度股东大会的通知 证券代码：603518 证券简称：锦泓集团 公告编号：2025-026 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： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2024 年年度股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票 相结合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 4 月 25 日 14 点 00 分 召开地点：上海市闵行区上坤路 77 弄融信上坤中心 T1 栋 10 楼 (五) 网络投票的系统、起止日期和投票时间。 网络投票起止时间：自 2025 年 4 月 25 日 至 2025 年 4 月 25 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) with a target price not specified [5] Core Viewpoints - The company is focusing on the potential of its IP licensing business, particularly through the Teenie Weenie brand, which has a rich IP asset reserve including 18 anthropomorphized cartoon bear characters [2][3] - The company has achieved significant growth in its IP licensing products, especially in the home textile category, which saw a revenue increase of approximately 236% in 2024 [3] - The company is restructuring its consumption space and enhancing its channel ecosystem through offline store adjustments and online content reconstruction, which has improved market penetration and operational efficiency [4] Financial Performance Summary - In Q4 2024, the company reported revenue of 1.5 billion with a year-on-year growth of 2%, and a net profit attributable to the parent company of 140 million, up 35% year-on-year [1] - For the full year 2024, the company expects revenue of 4.4 billion, a decrease of 3% year-on-year, with a net profit of 300 million, an increase of 3% year-on-year [1] - The revenue breakdown by brand shows Teenie Weenie with 3.5 billion (down 1%), Vgrass with 800 million (down 19%), and Yun Jin with 80 million (up 64%) [1] - The revenue from direct sales is 2.2 billion (down 10%), while franchise revenue is 400 million (up 21%) [1] Strategic Developments - The company is actively developing and monetizing its IP assets by collaborating with leading supply chains and distributors, creating a comprehensive ecosystem for IP asset licensing and monetization [2] - The company is leveraging big data to identify product categories that resonate with consumers and establishing licensing partnerships with quality suppliers and distributors [2] - The new store formats, including brand concept stores and city flagship stores, have significantly increased foot traffic and customer engagement, with average monthly sales exceeding 400,000 in new store formats [4]

公司发布2024 财报 推进Teenie Weenie 品牌IP 资产多元开发与商业变现，取得突破性进展Teenie Weenie 品牌拥有丰富IP 资 产储备，包括18 只拟人化、个性鲜明的卡通小熊形象及其背后的小熊家族故事体系。公司通过系统化 挖掘与创新运营，将品牌LOGO、商标使用权及系列故事等核心IP 元素进行全方位开发，并与相关行业 头部供应链及经销商开展战略性授权合作，构建完整IP资产授权与变现生态，为公司业绩增长提供新动 能。 在IP 资产开发方面，公司紧跟年轻消费群体的审美趋势，持续迭代小熊家族卡通形象及潮玩设计，并 通过系列短视频等新兴传播形式，不断丰富 IP内容矩阵。同时，公司积极推进跨界联名合作，通过与 知名品牌及产品的深度联动，进一步提升Teenie Weenie 品牌IP 的市场价值与影响力。 基于大数据分析，公司精准识别与小熊家族生活方式高度契合、深受消费者青睐的品类，与优质供应商 及经销商建立授权合作关系，构建IP 资产品类授权合作矩阵。通过整合与小熊家族生活方式相关的多 元化产品，公司为忠实粉丝群体提供更丰富商品选择，实现IP 资产价值最大化转化。 24Q4 公司收入15 亿同 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained rating) with a target price not specified [5] Core Insights - The company reported a revenue of 1.5 billion in Q4 2024, a 2% year-on-year increase, and a net profit attributable to shareholders of 140 million, a 35% year-on-year increase [1] - For the full year 2024, the company expects a revenue of 4.4 billion, a 3% decrease year-on-year, and a net profit of 300 million, a 3% increase year-on-year [1] - The company is focusing on the potential of its IP licensing business, particularly through the Teenie Weenie brand, which has a rich IP asset reserve [2][3] Financial Performance Summary - In Q4 2024, revenue by brand showed Teenie Weenie at 3.5 billion (down 1%), Vgrass at 800 million (down 19%), and Yun Jin at 80 million (up 64%) [1] - The gross margin for Teenie Weenie was 67% (down 1 percentage point), Vgrass at 75% (up 0.3 percentage points), and Yun Jin at 75% (up 1.4 percentage points) [1] - The direct sales model generated 2.2 billion (down 10%) with a gross margin of 73% (down 1.1 percentage points), while franchise revenue was 400 million (up 21%) with a gross margin of 62% (up 4.3 percentage points) [1] IP Asset Development - The company is making significant progress in diversifying and monetizing its IP assets, particularly through the Teenie Weenie brand, which includes 18 anthropomorphized cartoon bear characters [2] - The company is leveraging data analytics to identify consumer-preferred product categories that align with the lifestyle of the bear family, establishing strategic licensing partnerships with quality suppliers and distributors [2][3] Channel Ecosystem Reconstruction - The company is enhancing market penetration and operational efficiency through offline store structure adjustments and online content ecosystem reconstruction [4] - New store formats have been introduced, including brand concept stores and city flagship stores, which have significantly increased foot traffic and customer engagement [4]

Core Viewpoint - In 2024, the company reported a slight decline in revenue but a modest increase in net profit, indicating stable performance amid a challenging environment [1] Financial Performance - The company achieved a revenue of 4.4 billion yuan, down 3.3% year-on-year, while net profit attributable to shareholders was 310 million yuan, up 2.9% year-on-year [1] - The earnings per share (EPS) was 0.89 yuan, with a proposed cash dividend of 0.13 yuan per share, resulting in a payout ratio of 35.0% [1] - Quarterly revenue trends showed a decline in Q1 to Q3, with Q4 showing a recovery with a 1.6% increase [1] Brand Performance - The TW brand revenue slightly decreased by 1%, while the cloud brocade brand experienced significant growth of 63.9% [2] - The revenue contribution from TW brand, Vigna, and cloud brocade was 79%, 18%, and 2% respectively [2] - The TW brand's revenue breakdown by category showed women's wear, men's wear, and children's wear contributing 66%, 13%, and 21% respectively [2] Channel and Store Performance - Online and offline channels contributed 40% and 59% to total revenue, with offline channels experiencing a 6.7% decline [2] - The number of offline stores for TW brand, Vigna, and cloud brocade was 1,047, 186, and 1 respectively, with a notable increase in franchise stores [3] - The average monthly store efficiency for TW brand and Vigna decreased by 4.4% and 6.6% respectively [3] Profitability and Cost Management - The gross margin for 2024 was 68.6%, a slight decrease of 0.6 percentage points year-on-year [4] - The company managed to reduce its expense ratio to 59.5%, with a notable decrease in sales expenses [5] - Inventory turnover improved, while accounts receivable turnover slowed down [5] Future Outlook - The company plans to enhance product and channel transformation to drive high-quality growth and improve profitability [6] - The TW brand is focusing on expanding its product categories and optimizing its retail strategy [6] - High-growth segments such as the Yuanxian brand and IP licensing are expected to contribute significantly to future revenue [7]

Core Viewpoint - Jin Hong Group reported a decline in revenue for 2024, but managed to achieve a slight increase in net profit, indicating resilience in profitability despite revenue challenges [1][2][4]. Financial Performance - The total operating revenue for 2024 was approximately 4.395 billion yuan, a decrease of 3.29% compared to 2023 [2]. - The net profit attributable to shareholders was approximately 306 million yuan, reflecting a year-on-year increase of 2.90% [2]. - The net profit after deducting non-recurring gains and losses was about 278 million yuan, up by 2.77% from the previous year [2]. - The net cash flow from operating activities was approximately 771 million yuan, down 17.35% year-on-year [3]. Shareholding Structure - As of the end of the reporting period, Wang Zhiqin held 18.06% of the shares, while Song Yanjun held 15.22%, with both being the controlling shareholders and actual controllers of the company [3][4]. - Wang Zhiqin and Song Yanjun are married, with Wang serving as the chairman and general manager, and Song as a board member [3]. Stock Issuance - Jin Hong Group announced the termination of a plan to issue shares to specific investors, citing sufficient funding from current operations and bank credit to meet business development needs [4]. - The company had previously planned to raise up to 200 million yuan through a private placement, primarily for working capital and repaying bank loans [5]. - The issuance was intended for Wang Zhiqin and Song Yanjun, who are related parties, and would not change the control of the company post-issuance [6]. Business Outlook - In Q4 2024, the company achieved approximately 1.473 billion yuan in revenue, a year-on-year increase of about 2%, reversing the revenue decline seen in Q2 and Q3 [4]. - The net profit for Q4 was approximately 145 million yuan, representing a significant year-on-year growth of about 35% [4]. - The company successfully repaid approximately 323 million yuan of principal and interest on previously issued convertible bonds using its own funds and bank loans [4].

Core Viewpoint - Jin Hong Group has decided to terminate its plan to issue 200 million RMB in new shares due to improved business performance and sufficient funding from existing resources [1][3]. Financing - The company initially planned to raise up to 200 million RMB through a private placement to enhance liquidity and repay bank loans [1]. - As of the announcement date, the private placement had not yet been approved by the shareholders' meeting [1]. - The company reported a revenue of approximately 1.473 billion RMB in Q4 2024, a year-on-year increase of about 2%, reversing the revenue decline seen in Q2 and Q3 [1]. Financial Performance - For the full year 2024, the company reported total revenue of 4.395 billion RMB, a decrease of 3.29% year-on-year, while net profit attributable to shareholders increased by 2.90% to 306 million RMB [2]. - The basic earnings per share were reported at 0.89 RMB, with a proposed cash dividend of 3.10 RMB per 10 shares [2]. - The company successfully repaid approximately 323 million RMB of principal and interest on previously issued convertible bonds using its own funds and bank loans [2]. Shareholder Dynamics - The company's major shareholders, including the controlling shareholders Wang Zhiqin and Song Yanjun, were initially set to participate in the private placement, but their personal fundraising was not fully secured [2]. - The latest report indicates changes in the top ten circulating shareholders, with the National Social Security Fund increasing its holdings by 985,100 shares [4]. - Conversely, Shumingde Investment Co., Ltd. reduced its holdings by 3.3328 million shares [5].