智通财经6月16日电，IP经济概念盘中持续走强，文创玩具、游戏、传媒等方向均表现不俗，地素时 尚、高乐股份、萃华珠宝、元隆雅图涨停，星辉娱乐、凡拓数创涨超10%，巨人网络、冰川网络、华谊 兄弟、中文在线等涨幅靠前。消息面上，IP侧，Labubu火爆全球，国产文化IP出海超预期，业内人士点 评其火爆是中国创意和创新产品正在得到世界认可的又一生动体现。华创证券长期看好中国IP产业的高 景气发展与文化出海进展。 IP经济概念持续走强 地素时尚等多股涨停 ...

证券代码：603587 证券简称：地素时尚 公告编号：2025-032 地素时尚股份有限公司 关于股份回购进展公告 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。 重要内容提示： | 回购方案首次披露日 | 2024/7/30 | | --- | --- | | 回购方案实施期限 | 2024/7/29~2025/7/28 | | 预计回购金额 | 1亿元~2亿元 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 680.8840万股 | | 累计已回购股数占总股本比例 | 1.4281% | | 累计已回购金额 | 8,215.3114万元 | | 实际回购价格区间 | 10.19元/股~13.50元/股 | 一、回购股份的基本情况 地素时尚股份有限公司（以下简称"公司"）于 2024 年 7 月 29 日召开第四届董 事会第十次会议，审议通过了《关于公司以集中竞价交易方式回购股份方案的议 案》，同意公司使 ...

证券代码：603587 证券简称：地素时尚 公告编号：2025-030 地素时尚股份有限公司 关于聘任公司董事会秘书及证券事务代表的公告 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。 地素时尚股份有限公司（以下简称"公司"）于 2025 年 5 月 28 日召开公司 第五届董事会第一次会议，审议通过了《关于聘任公司董事会秘书的议案》及《关 于聘任公司证券事务代表的议案》，同意聘任沈志春先生担任公司董事会秘书； 聘任张黎俐女士为公司证券事务代表，协助董事会秘书开展各项工作。董事会秘 书及证券事务代表任期自本次董事会审议通过之日起至本届董事会任期届满时 止。 沈志春先生已取得上海证券交易所董事会秘书任职培训证明，具备履行公司 董事会秘书职责所必须的专业知识和工作经验，其任职资格符合《公司法》、《上 海证券交易所股票上市规则》等相关法律、法规的规定和要求。截至本公告日， 沈志春先生与公司持股 5%以上的股东、实际控制人以及其他董事、高级管理人 员不存在关联关系，未曾受过中国证监会及其他有关部门的处罚和上海证券交易 所惩戒，不存在《 ...

证券代码：603587 证券简称：地素时尚 公告编号：2025-029 地素时尚股份有限公司 2024年年度股东会决议公告 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法律责任。 重要内容提示： | 1、出席会议的股东和代理人人数 | 158 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 369,744,500 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份 | 78.7837 | | 总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次会议采用现场投票和网络投票相结合的方式召开，会议召集、召开程序 符合《公司法》等有关法律法规、部门规章、规范性文件及《公司章程》的有关 规定。会议由副董事长马丽敏女士主持。 (五)公司董事、监事和董事会秘书的出席情况 1、公司在任董事8人，出席8人； 2、公司在任监事 3 人，出席 3 人； 3、 公司董事会秘书沈志春先生出席了本次股东大会；公司总经理马瑞敏女士、 副总经理马丽敏女士、副总经理 ...

上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于地素时尚股份有限公司 上海市锦天城律师事务所 地址：上海市浦东新区银城中路 501 号上海中心大厦 9、11、12 层 电话：+86-21-2051-1000 传真：+86-21-2051-1999 邮编：200120 上海市锦天城律师事务所 法律意见书 2024 年年度股东大会的 法律意见书 上海市锦天城律师事务所 关于地素时尚股份有限公司 2024 年年度股东大会的 法律意见书 致：地素时尚股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受地素时尚股份有限公司 （以下简称"地素时尚"或"公司"）的委托，就公司召开 2024 年年度股东大 会（以下简称"本次股东大会"）的有关事宜，根据《中华人民共和国公司法》 （以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券 法》"）、《上市公司股东会规则》等法律、法规、规章和其他规范性文件以及 《地素时尚股份有限公司章程》（以下简称"《公司章程》"）、《地素时尚股 份有限公司股东大会议事规则》（以下简称"《股东大会议事规则》"）的有关 规定，出具本法律意见书。 为出具本法律意见 ...

证券代码：603587 证券简称：地素时尚 公告编号：2025-031 地素时尚股份有限公司 第五届董事会第一次会议决议公告 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法律责任。 一、董事会会议召开情况 地素时尚股份有限公司（以下简称"公司"）于 2025 年 5 月 28 日 16 时 30 分以现场结合通讯方式在上海市普陀区丹巴路 28 弄 1-2 号旭辉世纪广场 8 号楼 7 楼会议室召开了第五届董事会第一次会议。公司于 2025 年 5 月 16 日以专人送出、 电子邮件、快递、电话、传真或公告的方式向全体董事和高级管理人员发出会议 通知。会议应到董事 9 名，实到董事 9 名；公司高级管理人员列席会议。会议的 召集、召开及表决程序符合《中华人民共和国公司法》（以下简称"《公司法》"） 和《公司章程》的有关规定，会议决议合法有效。 二、董事会会议审议情况 本次会议推举马丽敏女士主持，与会董事经过审议，以记名投票的表决方式 审议通过了如下议案： 1、审议通过了《关于选举公司第五届董事会审计委员会委员的议案》。 结合各位董事专业 ...

Core Viewpoint - The company is preparing for its 2024 annual shareholder meeting, focusing on various proposals including the approval of the 2024 annual report, the election of board members, and the discussion of future business strategies amidst a challenging market environment [1][2][5]. Company Proposals - Proposal 1: Approval of the 2024 annual report and its summary, which has been reviewed and approved by the board [5][6]. - Proposal 2: Approval of the 2024 board work report, summarizing the board's main activities and the company's operational status [6][7]. - Proposal 3: Election of the fifth board of directors, including both independent and non-independent candidates [1][2]. Financial Performance - In 2024, the company reported a revenue of 2.218 billion yuan, a decrease of 16.23% compared to the previous year [13]. - The net profit attributable to shareholders was 303.51 million yuan, down 38.52% year-on-year [13]. Strategic Focus - The company is emphasizing a dual strategy of deepening core product offerings while scaling basic products to enhance market competitiveness and profitability [16][17]. - Digital transformation initiatives are being prioritized, including the establishment of a comprehensive product lifecycle system and enhanced data analytics capabilities [18][19]. Brand Development - The company is launching new product lines that reflect its brand philosophy of "Love Creates," aiming to connect emotionally with consumers through innovative marketing campaigns [14][15]. - A new "Clock Flower" series is being introduced, symbolizing the brand's commitment to embracing beauty and time [22][23]. Sustainability Initiatives - The company is collaborating with environmental organizations to promote biodiversity and sustainable practices, including the launch of a capsule collection supporting panda conservation [21]. - A new sustainable series, "loveREcreates," is being introduced, focusing on the creative reuse of materials and classic products [21]. Future Plans - The company plans to enhance its organizational structure and talent development strategies to better align with market demands and improve operational efficiency [26][27]. - A focus on integrating online and offline channels is set to improve customer experience and brand consistency [24][25].

Page 2/56 | | | | 会议须知 | | | | | 3 | | --- | --- | --- | --- | --- | --- | | 会议议程 | | | | | 5 | | 议案 1 | 关于公司 2024 | 年年度报告及其摘要的议案 | | | 8 | | 议案 2 | 关于公司 2024 | 年度董事会工作报告的议案 | | | 9 | | 议案 3 | 关于公司 2024 | 年度监事会工作报告的议案 | | | 20 | | 议案 4 | 关于公司 2024 | 年度财务决算报告的议案 | | | 26 | | 议案 5 | 关于公司 2024 | 年度利润分配预案的议案 | | | 30 | | 议案 6 | 关于确认公司董事、监事 | 年度薪酬及 2024 | | 年度薪酬方案的议案 2025 | 32 | | 议案 7 | 关于续聘 2025 | 年度会计师事务所的议案 | | | 33 | | 议案 8 | | 关于取消监事会及修订《公司章程》的议案 | | | 34 | | 议案 9 | | 关于修订公司部分制度的议案 | | | 35 | | 议案 10 | | 关 ...

Core Viewpoint - The financial report for 2024 serves as a warning for Dazzle Fashion, showing a significant decline in revenue and net profit, indicating challenges in brand value, channel efficiency, and inventory management [1] Group 1: Financial Performance - The total revenue for Dazzle Fashion in 2024 was 2.219 billion yuan, a year-on-year decrease of 16.23% [1] - The net profit attributable to the parent company was 304 million yuan, reflecting a decline of 38.52% [1] Group 2: Sales Decline - The multi-brand strategy of Dazzle Fashion appears to be failing, with all product categories experiencing revenue declines: clothing sales down 16.29%, tops down 15.17%, outerwear down 18%, fur down 33.25%, skirts down 13.63%, and pants down 17.93% [2] - Sales in all regions also saw declines, with the most significant drop in South China at 21.92% and Central China at 23.15% [2] Group 3: Inventory and Cash Flow Issues - The company closed 147 stores, indicating a negative cycle of channel adjustments [3] - Operating cash flow net amount plummeted by 43.15%, while inventory value increased by 8.28% to 420 million yuan, suggesting a delay in addressing inventory issues at the cost of cash flow [3] - The inventory turnover days increased to 260.51 days, indicating a decline in inventory turnover efficiency [3] Group 4: Strategic Recommendations - The core issue for Dazzle Fashion is the failure of the traditional mid-to-high-end women's wear business model, necessitating a transformation beyond mere store adjustments [4] - Key strategies for overcoming challenges include reconstructing brand DNA, embracing digital flexible supply chains, and exploring new retail models like "content e-commerce + membership ecosystem" [4] - The transformation window is narrowing, and failure to adapt may result in a loss of industry influence [4]

Investment Rating - The report maintains an "Outperform" rating for the company [2] Core Views - The company has shown an improvement in gross margin, reflecting operational quality, and is expected to benefit from a sales recovery leading to performance improvement [8] - The company reported a revenue decline of 16.2% year-on-year for 2024, with a net profit decline of 38.5% [9][10] - The company is focusing on maintaining brand quality and optimizing offline channel structures despite short-term retail pressures [8] Financial Data and Earnings Forecast - Total revenue for 2024 is projected at 2,219 million, with a year-on-year decline of 16.2%, and a net profit of 304 million, down 38.5% [7] - For 2025, the company expects revenue to recover slightly to 2,269 million, with a net profit of 324 million, reflecting a growth of 6.7% [7] - The gross margin is expected to remain stable around 75% for the next few years, with a slight increase projected for 2025 [7][10] - The company’s return on equity (ROE) is forecasted to improve gradually from 8.2% in 2025 to 8.8% in 2027 [7] Brand and Channel Performance - The men's clothing brand outperformed women's clothing in terms of revenue, with the women's brands showing an increase in gross margin [8] - Offline channels have shown better gross margins, with a focus on optimizing store efficiency and user experience [8] - The company has closed several stores across its brands, indicating a strategic adjustment in response to market conditions [8]