2021 年第一季度报告 公司代码：603587 公司简称：地素时尚 地素时尚股份有限公司 2021 年第一季度报告 1 / 24 2021 年第一季度报告 | --- | --- | |------------------|-------| | 目录 | | | 一、重要提示 | | | 二、公司基本情况 | | | 三、重要事项 | | | 四、附录 | | 2 / 24 2021 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人马瑞敏、主管会计工作负责人张俊及会计机构负责人（会计主管人员）黄彩芬保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |----------------------------------------------- ...

2020 年第三季度报告 公司代码：603587 公司简称：地素时尚 地素时尚股份有限公司 2020 年第三季度报告 1 / 27 2020 年第三季度报告 目录 | --- | --- | |-------|-------| | | | | | | | | | | | | | | | | í | | | | | | | | | | | | 二、 | | | | | | 三、 | | | 四、 | | | --- | |--------------| | | | 重要提示 | | 公司基本情况 | | 重要事项 | | 附录 | 2 / 27 2020 年第三季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人马瑞敏、主管会计工作负责人张俊及会计机构负责人（会计主管人员）黄彩芬保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要 ...

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2020, representing a year-on-year decrease of 15%[23]. - The net profit attributable to shareholders was 150 million RMB, down 25% compared to the same period last year[23]. - The company's operating revenue for the first half of the year was ¥985,980,657.56, a decrease of 11.24% compared to ¥1,110,795,346.92 in the same period last year[24]. - Net profit attributable to shareholders was ¥297,924,785.32, down 12.18% from ¥339,226,410.14 year-on-year[24]. - The net profit after deducting non-recurring gains and losses was ¥255,264,731.22, reflecting a 13.79% decline from ¥296,097,870.82 in the previous year[24]. - The gross margin for the first half of 2020 was reported at 60%, a slight decrease from 62% in the previous year[23]. - The company's revenue for the first half of 2020 was approximately ¥985.98 million, representing a year-on-year decline of 11.24% due to the impact of the pandemic[73]. - The company reported a decrease in employee compensation payable from RMB 49,873,349.56 to RMB 31,627,941.60, a decline of about 36.5%[161]. - The company’s net profit for the first half of 2020 was CNY 297,361,589.07, a decrease from CNY 401,000,000.00 in the same period last year[198]. Revenue and Sales Growth - The number of VIP members increased to 200,000, reflecting a growth of 10% year-on-year[23]. - E-commerce sales increased by 30%, contributing significantly to overall revenue during the pandemic[23]. - The company's e-commerce revenue in the first half of 2020 reached approximately 180 million yuan, representing a year-on-year growth of about 22%[60]. - Membership sales contribution maintained a year-on-year growth of 6% in the first half of 2020, with repeat customers accounting for 59% of total sales[64]. - The company aims for a revenue growth target of 10% for the second half of 2020, driven by new marketing strategies and product launches[23]. Cost Management and Expenses - The company has implemented cost-cutting measures, reducing operational expenses by 20% to improve profitability[23]. - Research and development expenses accounted for 5% of total revenue, focusing on new product lines and sustainable materials[23]. - The company's research and development expenses decreased by 20.35% to approximately ¥27.20 million, attributed to reduced costs from national pandemic policies[73]. - Management expenses decreased to ¥44,747,164.51 in H1 2020 from ¥53,876,978.67 in H1 2019, a reduction of approximately 17.5%[180]. - R&D expenses reduced to ¥27,202,709.17 in H1 2020 from ¥33,183,996.55 in H1 2019, reflecting a decrease of about 18.0%[180]. Market Expansion and Strategy - The company plans to expand its retail presence by opening 50 new stores in key markets by the end of 2020[23]. - The company has established strong partnerships with quality suppliers for the development of new materials and designs[30]. - The company has engaged in strategic collaborations with popular media and IPs, such as the partnership with iQIYI's "Youth With You 2," to boost brand visibility and engagement[63]. - The company has established a multi-channel sales model combining direct sales, distribution, and e-commerce, enhancing its market reach across major cities[50]. - The company is focusing on sustainable development and enhancing its marketing strategies, despite the challenges posed by the COVID-19 pandemic[59]. Shareholder Commitments and Corporate Governance - Shareholders have committed to not reducing their holdings beyond specified limits during the lock-up period, ensuring stability in share prices[102]. - The commitment includes a provision that any illegal gains from share reductions will be returned to the company, reinforcing shareholder accountability[104]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[98]. - The company has confirmed a related party transaction amounting to RMB 1,430,580.90 for leasing a property from the controlling shareholder for training and exhibition purposes in 2020[125]. - The company has maintained strict adherence to its commitments, ensuring compliance with all obligations and regulations[111]. Financial Position and Assets - The total assets at the end of the reporting period were ¥4,050,221,332.60, an increase of 3.20% from ¥3,924,576,876.79 at the end of the previous year[24]. - The company's total assets decreased to approximately 3.49 billion from 3.61 billion, a decline of 3.4%[170]. - The total current assets as of June 30, 2020, amounted to RMB 3,330,262,233.46, an increase from RMB 3,183,977,691.05 as of December 31, 2019, reflecting a growth of approximately 4.6%[158]. - The total liabilities increased to RMB 826,006,799.08 from RMB 590,631,314.30, indicating a rise of approximately 40%[161]. - The company’s total non-current liabilities increased to approximately 651.83 million from 595.23 million, an increase of 9.5%[170]. Challenges and Risks - The COVID-19 pandemic has caused a decline in consumer spending on branded apparel, with short-term impacts including reduced foot traffic in physical stores and supply chain disruptions[94]. - The company faces risks from seasonal fluctuations and abnormal weather affecting operational performance[93]. - Extreme weather conditions, such as warm winters, can disrupt consumer demand and product sales timing, potentially leading to inventory shortages and mismatches in sales expectations[94]. - The overall economic impact of public health emergencies is viewed as temporary, with expectations for a return to normalcy in the market[94]. Corporate Social Responsibility - The company donated ¥2 million to support charitable efforts in Wuhan during the pandemic and launched a public welfare project to raise funds for medical education[69]. - The company is not listed as a key pollutant discharger by the Shanghai Environmental Protection Bureau and has complied with environmental regulations[131].

2020 年第一季度报告 公司代码：603587 公司简称：地素时尚 地素时尚股份有限公司 2020 年第一季度报告 1 / 24 2020 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |--------------| | | | 重要提示 | | 公司基本情况 | | 重要事项 | | 附录 | 2 / 24 2020 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人马瑞敏、主管会计工作负责人张俊及会计机构负责人（会计主管人员）黄彩芬保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |-----------------------------------------------|-------|------------------|------- ...

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 624,368,493.68 for the year 2019, with a cumulative distributable profit of RMB 818,852,264.40 as of December 31, 2019[7]. - The proposed cash dividend is RMB 10 per 10 shares (including tax), totaling RMB 401,000,000.00, which represents 64.22% of the net profit attributable to shareholders for 2019[7]. - The company's operating revenue for 2019 was CNY 2,378,416,518.59, representing a 13.23% increase compared to 2018[32]. - The net profit attributable to shareholders for 2019 was CNY 624,368,493.68, an increase of 8.75% from the previous year[32]. - The net cash flow from operating activities reached CNY 725,141,148.85, marking a 24.03% increase year-on-year[32]. - The total assets at the end of 2019 were CNY 3,924,576,876.79, a 9.97% increase from 2018[32]. - The basic earnings per share for 2019 was CNY 1.56, slightly up by 0.65% from 2018[33]. - The weighted average return on equity decreased to 19.73% in 2019, down by 5.50 percentage points from 2018[33]. - The net profit after deducting non-recurring gains and losses for 2019 was CNY 567,485,909.57, a 20.55% increase compared to 2018[32]. - The company reported a net asset attributable to shareholders of CNY 3,309,213,503.54 at the end of 2019, which is a 7.22% increase from the previous year[32]. Operational Efficiency - The company utilizes various management systems including OMS, WMS, and CRM to enhance operational efficiency[21]. - The company achieved a 99.5% order fulfillment efficiency within 24 hours and a 99.9% accuracy rate in its logistics operations[80]. - The company’s cash flow from operating activities indicates strong operational performance, while the cash flow from financing activities shows a strategic shift[109]. - The increase in inventory and accounts payable suggests a proactive approach to managing supply chain and procurement[114][117]. Market Position and Strategy - The company operates through direct sales, distribution, and e-commerce models to reach consumers[21]. - The company has established partnerships with high-end department stores and commercial real estate groups, enhancing its market presence[69]. - The company’s marketing network is strategically focused on both first and second-tier cities, as well as third and fourth-tier cities[69]. - The company aims to enhance market share and single-store revenue as core performance indicators, focusing on brand promotion and optimizing store environments[160]. - The company plans to optimize its channel layout by improving the quality of existing stores rather than increasing the number of stores, enhancing brand positioning and consumer experience[167]. Research and Development - The company emphasizes strong design and R&D capabilities, investing significant resources annually in new fabric development to maintain brand uniqueness[55]. - The company’s design and R&D team consists of 198 members, focusing on innovative and unique fashion designs[68]. - The total R&D expenditure amounted to CNY 64.9 million, accounting for 2.73% of total revenue[106]. - Continuous investment in product design and R&D is a key strategy, with a focus on attracting top talent and enhancing design inspiration through international collaboration[164]. Risks and Challenges - The company has detailed the risks it may face in the report, particularly in the section discussing future development[12]. - The company faces risks from intense market competition in the mid-to-high-end women's clothing sector, necessitating continuous improvement of core competitive strengths[170]. - The company noted that its sales performance is significantly affected by seasonal fluctuations, particularly in the high-end women's clothing sector, leading to higher sales in the fourth quarter[177]. - The company faces risks from extreme weather conditions and public health emergencies, such as COVID-19, which could negatively impact consumer demand and sales performance[177]. Shareholder Commitments - The actual controller and shareholders have committed to not reducing their shareholdings by more than 20% of their holdings in the first two years after the lock-up period ends, with a minimum selling price not lower than the issuance price[189]. - Shareholders are allowed to reduce their holdings by up to 50% within 12 months after the lock-up period, with subsequent reductions unrestricted but still above the issuance price[189]. - The lock-up period for shareholders will automatically extend by 6 months if they violate the commitment to not reduce their holdings[191]. - The company has ensured that all commitments are being strictly adhered to, with no reported violations[191]. Corporate Governance - The company has a commitment from shareholders to not transfer or manage their shares for 36 months post-listing[191]. - Directors and senior management must also increase their holdings by at least 30% of their previous year's after-tax salary within 3 months after triggering the stabilization obligation[197]. - The company commits to stabilize its stock price by ensuring that directors and senior management do not sell their shares during the implementation of the buyback plan[199].

公司代码：603587 公司简称：地素时尚 地素时尚股份有限公司 2019 年第三季度报告 RAZZLE DAZZLE DIAMONGDAZZLE d'zzit 2019 年第三季度报告 一、 重要提示 二、 公司基本情况 11[ 重要事项 四、 附录 目录 2 / 28 2019 年第三季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人马瑞敏、主管会计工作负责人张俊及会计机构负责人（会计主管人员）黄彩芬保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-----------------------------------------------|------------------------------|--------------------------- ...

Financial Performance - The company's operating revenue for the first half of 2019 was ¥1,110,795,346.92, representing a 14.42% increase compared to ¥970,838,305.99 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥339,226,410.14, a slight increase of 1.09% from ¥335,564,021.84 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥296,097,870.82, which is a 21.89% increase from ¥242,919,197.51 in the same period last year[19]. - The net cash flow from operating activities was ¥319,767,352.83, showing a significant increase of 75.87% compared to ¥181,815,555.96 in the previous year[19]. - The total operating revenue for the first half of 2019 reached ¥1,110,795,346.92, an increase of approximately 14.4% compared to ¥970,838,305.99 in the first half of 2018[114]. - Total profit for the first half of 2019 was ¥453,969,837.85, slightly higher than ¥449,419,356.70 in the same period of 2018, reflecting a growth of about 1.2%[115]. - The company reported a significant increase in sales expenses, which rose to ¥353,659,954.38 from ¥307,276,465.18, an increase of approximately 15.1%[114]. Earnings and Shareholder Returns - Basic earnings per share decreased by 14.14% to CNY 0.85 compared to the same period last year[20]. - Diluted earnings per share also decreased by 14.14% to CNY 0.85 compared to the same period last year[20]. - Net profit attributable to shareholders, excluding non-recurring gains and losses, increased by 4.23% to CNY 0.74 per share[20]. - The company has not proposed any profit distribution or capital reserve transfer plans for the first half of 2019[59]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,479,418,979.62, a decrease of 2.50% from ¥3,568,756,413.06 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were ¥3,024,308,250.99, reflecting a decrease of 2.01% from ¥3,086,416,565.03 at the end of the previous year[19]. - The company's current assets totaled approximately CNY 2.82 billion, down from CNY 2.98 billion at the end of 2018, reflecting a decrease of about 5.2%[105]. - Total liabilities decreased to ¥662,329,394.10 from ¥688,743,519.60, representing a reduction of about 3.8%[111]. Cash Flow - Operating cash flow from business activities reached RMB 319,767,352.83, a significant increase of 75.87% year-on-year[46]. - The net increase in cash and cash equivalents was -¥421,628,410.35, down from an increase of ¥1,703,151,000.33 in the same period last year[124]. - The ending balance of cash and cash equivalents stood at ¥2,108,691,975.49, a decrease from ¥2,608,281,260.10 year-over-year[124]. Research and Development - The company invests significantly in new fabric research and development to maintain brand uniqueness and quality[30]. - The company’s research and development expenses rose by 16.81% to RMB 34,150,873.43, primarily due to increased investment in men's wear development[46]. - Research and development expenses rose to ¥34,150,873.43, compared to ¥29,236,975.90 in the previous year, marking an increase of approximately 16.5%[114]. Market Position and Strategy - The company has established a strong brand image in the fashion industry through effective design, product variety, and marketing strategies[24]. - The company employs a mixed production model, combining both partial and complete outsourcing to optimize operational costs[33]. - The sales model includes direct sales, distribution, and e-commerce, enhancing market reach and customer engagement[34]. - The company launched new products in collaboration with Disney, including the "Dumbo" and "Seven Dwarfs" series, which received positive feedback[42]. Risks and Challenges - The company faces risks from intense market competition in the mid-to-high-end women's apparel sector, with increasing pressure from international brands[52]. - Seasonal fluctuations significantly impact the company's operating performance, particularly with higher sales in the fourth quarter due to autumn and winter apparel[56]. - The company is at risk of not being able to accurately capture or create fashion trends, which could negatively affect product sales and brand image[54]. Shareholder Commitments and Governance - The company has committed to not reducing its shareholding by more than 20% of the total shares held as of the end of the previous year during the two years following the lock-up period[61]. - Shareholders are required to notify the company in writing five trading days prior to any intended share reduction, ensuring timely disclosure[62]. - The company has a clear policy regarding the management of shares held by its directors and senior management, ensuring compliance with the lock-up commitments[61]. Corporate Governance and Compliance - The financial statements were approved by the board of directors on August 27, 2019, ensuring compliance with corporate governance standards[140]. - The company adheres to the accounting standards for enterprises, ensuring that its financial reports accurately reflect its financial position and performance[145]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months from the reporting date[143]. Environmental and Social Responsibility - The company engaged in targeted donations for educational development in Yunnan Province, contributing to local primary schools[74]. - The company strictly adheres to environmental protection laws and regulations, with no reported pollution incidents[76]. - The company has not reported any significant environmental violations or penalties during the reporting period[76].

Financial Performance - Net profit attributable to shareholders increased by 32.58% to CNY 195,128,460.02 year-on-year[10] - Operating income rose by 13.53% to CNY 583,519,867.99 compared to the same period last year[10] - Basic earnings per share increased by 13.95% to CNY 0.49 compared to the previous year[10] - Total operating revenue for Q1 2019 reached ¥583,519,867.99, an increase of 13.5% compared to ¥513,977,415.32 in Q1 2018[44] - Operating profit for Q1 2019 was ¥214,324,400.12, up 11.4% from ¥192,453,447.41 in Q1 2018[47] - Net profit for Q1 2019 was ¥195,128,436.99, representing a 32.5% increase from ¥147,176,757.33 in Q1 2018[47] - The company reported a total profit of ¥260,773,638.02 for Q1 2019, compared to ¥197,920,382.16 in Q1 2018, reflecting strong operational performance[47] - Total comprehensive income for Q1 2019 was ¥133,244,254.08, an increase of 39% compared to ¥95,975,592.85 in Q1 2018[54] Assets and Liabilities - Total assets increased by 4.31% to CNY 3,722,511,296.86 compared to the end of the previous year[10] - Total liabilities decreased to ¥439,210,294.12 from ¥480,825,806.26, a decline of around 8.6%[33] - Current liabilities decreased to ¥417,545,067.99 from ¥458,756,418.80, reflecting a reduction of approximately 9%[33] - Non-current assets totaled ¥615,423,221.60, up from ¥593,155,381.73, indicating an increase of about 3.4%[32] - Cash and cash equivalents decreased from ¥2,530,320,385.84 to ¥1,909,060,186.16, representing a decline of approximately 24.5%[27] - Cash and cash equivalents at the end of Q1 2019 were ¥1,909,060,186.16, down from ¥1,018,508,324.31 at the end of Q1 2018[62] Cash Flow - Net cash flow from operating activities increased by 29.47% to CNY 184,744,686.27 year-on-year[10] - Cash inflow from operating activities in Q1 2019 was ¥727,196,407.39, up 23.6% from ¥588,489,519.60 in Q1 2018[60] - Net cash flow from operating activities for Q1 2019 was ¥184,744,686.27, an increase of 29.5% compared to ¥142,698,071.53 in Q1 2018[60] - Cash outflow for investment activities in Q1 2019 totaled ¥805,767,183.29, significantly higher than ¥28,534,905.03 in Q1 2018[60] - Net cash flow from investment activities for Q1 2019 was -¥805,752,328.29, compared to -¥28,534,905.03 in Q1 2018[60] Shareholder Information - The number of shareholders at the end of the reporting period was 26,921[16] - The largest shareholder, Ma Ruimin, holds 53.86% of the shares[16] Government Subsidies and Expenses - The company received government subsidies amounting to CNY 46,757,705.37 during the reporting period[11] - Management expenses rose by 52.99%, from ¥18,217,113.08 to ¥27,870,195.40, driven by higher wages and depreciation costs[21] - The company’s tax liabilities increased by 34.42%, from ¥95,370,760.46 to ¥128,193,003.97, reflecting a rise in corporate income tax obligations[21] - Financial expenses saw a drastic increase of 505.78%, from ¥-1,794,888.18 to ¥-10,873,040.01, due to higher interest on time deposits[21] Asset Composition Changes - The company's cash and cash equivalents decreased from ¥2,530,320,385.84 to ¥1,909,060,186.16, representing a decline of approximately 24.5%[27] - The trading financial assets increased to ¥760,000,000.00, indicating a new investment strategy involving idle funds[27] - Other current assets rose significantly by 57.30%, from ¥2,575,910.82 to ¥4,051,920.32, due to an increase in deductible input tax[21] - Intangible assets surged by 283.86%, from ¥9,107,032.33 to ¥34,957,994.65, attributed to the acquisition of land use rights[21] - Accounts payable decreased by 61.37%, from ¥81,885,277.25 to ¥31,635,647.73, as a result of partial payment of goods[21] Research and Development - Research and development expenses for Q1 2019 amounted to ¥16,715,974.58, a slight increase from ¥15,533,322.44 in Q1 2018[44] - Sales expenses for Q1 2019 were ¥170,469,651.37, up from ¥140,849,792.10 in Q1 2018, indicating increased investment in marketing[44] Compliance and Reporting - The company has not disclosed any new product developments or market expansion strategies in this report[10] - The company has not applied the new financial instruments, revenue, and lease standards for the current financial statements[68] - There are no retrospective adjustments for prior comparative data related to the new financial instruments and lease standards[68] - The audit report is not applicable for the current period[68]

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 574,108,087.43 in 2018, with the parent company net profit at RMB 376,490,557.52[5] - In 2018, the company's operating revenue reached ¥2,100,454,621.58, an increase of 7.94% compared to ¥1,945,908,434.72 in 2017[21] - The net profit attributable to shareholders was ¥574,108,087.43, representing a growth of 19.59% from ¥480,063,705.49 in the previous year[21] - The basic earnings per share for 2018 was ¥1.55, up 9.93% from ¥1.41 in 2017[22] - The weighted average return on equity decreased to 25.23%, down 18.75 percentage points from 43.98% in 2017[22] - The company's total assets increased by 102.82% to ¥3,568,756,413.06 at the end of 2018, compared to ¥1,759,560,737.43 at the end of 2017[21] - The cash flow from operating activities was ¥584,652,143.96, a 4.15% increase from ¥561,343,709.11 in 2017[21] - The net profit after deducting non-recurring gains and losses was ¥470,729,401.22, a decrease of 5.14% from ¥496,225,043.65 in 2017[21] - The net assets attributable to shareholders reached ¥3,086,416,565.03, a significant increase of 131.79% from ¥1,331,543,630.01 in 2017[21] Dividend and Profit Distribution - A cash dividend of RMB 10 per 10 shares (including tax) is proposed, totaling RMB 401,000,000.00, with remaining undistributed profits of RMB 151,412,160.93 to be carried forward[5] - The company plans to allocate 10% of the parent company's net profit, amounting to RMB 37,649,055.75, to statutory surplus reserves[5] - As of December 31, 2018, the cumulative distributable profits for shareholders reached RMB 552,412,160.93[5] - The company reported a net profit attributable to shareholders of RMB 574,108,087.43 for 2018, with a proposed cash dividend of RMB 10 per 10 shares, totaling RMB 401,000,000.00[119] Business Operations and Strategy - The company operates under a direct sales model, selling products directly to consumers through various retail formats[11] - The company has outlined its future development strategies and potential risks in the report, indicating a focus on market expansion and product innovation[6] - The company operates multiple fashion brands, including "DAZZLE," "DIAMOND DAZZLE," "d'zzit," and "RAZZLE," focusing on mid-to-high-end market positioning[30] - The company employs a mixed sales model, combining direct sales, distribution, and e-commerce to maximize market reach[42] - The company has established partnerships with high-end department stores, enhancing its market presence in premium commercial properties[46] - The company aims to establish a multi-brand operation strategy to enhance its competitiveness in the fashion industry[100] - Future plans include extending product categories and enhancing brand value through improved store environments and member management[101] Market and Industry Insights - In 2018, China's GDP per capita reached RMB 64,644, with a nominal growth of 9.2%, and USD 9,769 when converted[43] - The retail sales of clothing, shoes, and textiles in China amounted to RMB 1,370.65 billion, growing by 8% year-on-year[44] - Consumer spending contributed 76% to GDP growth in 2018, indicating a robust consumption market[44] - The high-end consumption market in China is expected to grow significantly, with Chinese consumers projected to contribute 33% of the global luxury goods market sales in 2018, increasing to 46% by 2025[84] - The retail sales of the mid-to-high-end women's clothing market in China is forecasted to reach RMB 178.66 billion by 2020[87] Research and Development - The company has invested significantly in new fabric research and development, ensuring the uniqueness of its brands[39] - The design and R&D team consists of 189 members, with a strong focus on maintaining stability and innovation within the team[47] - The company invested CNY 58,118,357.94 in R&D, marking a 9.79% increase from the previous year[60] - R&D expenses increased due to higher costs associated with men's clothing development[61] - The company designed nearly 1,000 clothing styles each quarter, showcasing its strong design capabilities[48] Risk Management and Compliance - The company emphasizes the importance of risk awareness in its forward-looking statements, cautioning investors about potential risks[6] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7] - There are no violations of decision-making procedures regarding external guarantees[7] - The company has not reported any instances of non-compliance with performance commitments or significant accounting errors during the reporting period[132] - The company has not received any non-standard audit opinions from its accounting firm[132] Shareholder Commitments and Governance - The company has commitments regarding stock reduction by major shareholders, which include a limit on the number of shares that can be sold within specified timeframes[123] - Major shareholders are required to notify the company in advance of their intention to reduce holdings, ensuring compliance with disclosure obligations[123] - The company has a structured plan for shareholder commitments, including restrictions on share sales for a defined period following the IPO[123] - The company has established a commitment that during the lock-up period, no shares will be transferred or managed by others, maintaining control over share distribution[125] - The company has a strong governance structure with independent directors actively involved, ensuring compliance and oversight[177] Employee and Management Structure - The total number of employees in the parent company is 2,144, while the total number of employees in major subsidiaries is 446, resulting in a combined total of 2,590 employees[186] - The company has established a competitive salary system based on performance assessment, with a focus on incentive mechanisms and market competitiveness[187] - The company has a training mechanism that combines internal and external training to enhance the professional quality of its employees[188] - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 8.74 million yuan[183] Audit and Financial Reporting - The company has engaged Lixin Certified Public Accountants for a standard unqualified audit report[4] - The company has adjusted its financial reporting format in accordance with the new accounting standards issued by the Ministry of Finance, effective June 15, 2018[132] - The changes in accounting policies will not have a significant impact on the company's financial statements[133] - The company has disclosed its internal control self-assessment report, which is available on the Shanghai Stock Exchange website[198] Corporate Social Responsibility - The company participated in charitable activities, donating to educational projects aimed at improving the environment for underprivileged children in rural areas[146] - The company is not listed as a key pollutant discharge unit by the Shanghai Environmental Protection Bureau[149]

2018 年第三季度报告 公司代码：603587 公司简称：地素时尚 地素时尚股份有限公司 2018 年第三季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 7 | | 四、 | 附录 8 | 2018 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | 年初至报告期末 | | 上年初至上年报告期末 | | 比上年同期增减(%) | | | --- | --- | --- | --- | --- | --- | --- | | | （1-9 | 月） | （1-9 | 月） | | | | 经营活动产生的 | 352,219,305.36 | | | 435,555,679.55 | | -19.13 | | 现金流量净额 | | | | | | | | | 年初至报告期末 | | 上年初至上年报告期末 | 比上年同期增减 | | | --- | --- | --- | --- | --- | --- | | | （1-9 | 月） | （1-9 月） | （%） | | | 营业收入 ...