公司重视推动AI对公司发展的赋能，从"设计-供应链-商品管理-品牌运营"的链路全面积极拥抱AI技术， 提升各部门的运作效率。同时，公司严格预算管理，加强营销活动品效合一，全面提升了公司经营效率 能力。前三季度公司销售费用率、管理费用率同比分别降低2.55、1.50个百分点至48.3%、7.1%。其它 经营效率指标表现良好，前三季度的存货周转率从去年同期的0.72次提升至0.88次，经营活动净现金流 增长了72.8%。 深圳歌力思服饰股份有限公司日前披露2025年三季报，前三季度公司多品牌矩阵协同发力，实现营业收 入20.19亿元，归母净利润达到1.14亿元，同比增长427.3%。前三季度公司可比收入稳健增长，单看第 三季度，国内市场可比收入同比约增长8.6%，主要品牌均实现增长。线上保持良好发展，可比口径收 入同比增长15.4%至3.69亿元，线上销售占比较去年同期提升1.94个百分点至18.6%。 ...

Core Insights - The company reported a year-on-year revenue decline of 8.14% in Q3 2025, amounting to 647 million yuan [1] - The net profit attributable to shareholders for Q3 2025 was 28.45 million yuan [1] - For the first three quarters of 2025, the company achieved a total revenue of 2.019 billion yuan, with a net profit of 114 million yuan, reflecting a significant year-on-year growth of 427.34% [1]

Core Insights - The company, Ge Li Si, reported its Q3 2025 financial results, showing significant growth in both revenue and net profit [1] Financial Performance - For the first three quarters, the company achieved a revenue of 2.019 billion yuan [1] - The net profit attributable to the parent company reached 114 million yuan, marking a year-on-year increase of 427.34% [1]

Core Insights - The company reported a revenue of 2.019 billion yuan for the first three quarters of 2025, with a comparable revenue growth of 2.4% year-on-year after excluding the impact of Ed Hardy [1] - The net profit attributable to the parent company reached 114 million yuan, showing a significant year-on-year increase of 427.3% [1] - The domestic market revenue grew approximately 6.0% year-on-year, with the main brand ELLASSAY leading the mid-to-high-end women's wear sector with a growth of 4.6% [1] Revenue Performance - In Q3, the comparable revenue in the domestic market increased by about 8.6%, with all major brands achieving growth [1] - International brands self-portrait, Laurèl, and IRO saw year-on-year growth rates of 16.8%, 12.4%, and 3.1% respectively in the Chinese market [1] - Online business revenue on a comparable basis grew by 15.4% to 369 million yuan, with online sales accounting for 18.6% of total sales, an increase of 1.94 percentage points from the same period last year [1] Operational Efficiency - The company is actively embracing AI technology across its operations, enhancing efficiency in design, supply chain, product management, and brand operations [2] - Sales expense ratio and management expense ratio decreased by 2.55 and 1.50 percentage points year-on-year to 48.3% and 7.1% respectively [2] - Inventory turnover rate improved from 0.72 times in the same period last year to 0.88 times, indicating better inventory management [2] - Net cash flow from operating activities increased by 72.8%, reflecting improved operational efficiency [2]

Core Insights - The company reported a total revenue of 2.019 billion yuan for Q3 2025, a decrease of 134 million yuan compared to the same period last year, representing a year-on-year decline of 6.22% [1] - The net profit attributable to shareholders was 114 million yuan, with net cash inflow from operating activities amounting to 414 million yuan [1] Financial Metrics - The latest debt-to-asset ratio stands at 29.24% [3] - The gross profit margin is 65.42%, which is a decrease of 1.30 percentage points from the previous quarter and a decline of 2.78 percentage points year-on-year [3] - The return on equity (ROE) is reported at 4.36% [3] - The diluted earnings per share (EPS) is 0.31 yuan [3] - The total asset turnover ratio is 0.49 times, while the inventory turnover ratio is 0.88 times, ranking 33rd among disclosed peers [3] Shareholder Information - The number of shareholders is 14,600, with the top ten shareholders holding a total of 221 million shares, accounting for 60.01% of the total share capital [3] - The largest shareholder is Shenzhen Ge Lisi Investment Management Co., Ltd., holding 55.3% of the shares [3]

Investment Rating - The report maintains a "Buy" rating for the company [1][6]. Core Insights - The company achieved a turnaround in Q3 2025, with revenue of 647 million and a net profit attributable to shareholders of 28 million, marking a significant recovery from previous losses [2]. - Domestic business shows steady growth, with online sales benefiting from improved e-commerce strategies, while overseas operations are undergoing restructuring to optimize store efficiency [3][5]. - The gross margin decreased to 62.7%, down 3.4 percentage points year-on-year, but the net profit margin improved to 4.4%, up 9.7 percentage points, due to reduced sales and management expenses [4]. Financial Performance - For the first three quarters of 2025, the company reported total revenue of 2.019 billion, a year-on-year decline of 6.22%, but a significant increase in net profit attributable to shareholders by 427.34% [2]. - The company’s cash flow from operations was 414 million, reflecting a 72.75% increase year-on-year, primarily due to a reduction in inventory [2]. - The company’s inventory decreased by 20% year-on-year to 763 million, with an average inventory turnover period reduced by 67 days to 308 days [4]. Brand and Channel Performance - Revenue by brand in Q3 2025 showed mixed results, with ELLASSAY and LAUREL growing by 4.6% and 12.4% respectively, while IRO faced a decline of 16.3% [3]. - Online sales decreased by 9.7%, while offline sales fell by 4.7%, indicating a need for further improvement in online strategies [3]. - The company continues to expand its direct sales channels, with a net opening of 452 direct stores and 102 franchise stores, although there was a decline in the number of new openings compared to the previous year [3]. Future Outlook - The company is focusing on cost reduction and efficiency improvements in 2025, with initiatives aimed at enhancing operational capabilities and resource utilization [5]. - Long-term growth potential remains strong for brands like SP, LAUREL, and IRO in the domestic market, with expectations for reduced losses in overseas operations [5]. - The earnings forecast for 2025-2027 has been adjusted, with revenue estimates lowered to 2.892 billion, 3.106 billion, and 3.349 billion respectively, while net profit estimates have been increased [5].

Core Insights - The company reported a revenue of 2.019 billion yuan for the first three quarters of 2025, with a comparable revenue growth of 2.4% year-on-year after excluding the impact of EdHardy [1] - The net profit attributable to shareholders reached 114 million yuan, marking a significant increase of 427.3% year-on-year [1] Group 1: Revenue Performance - The comparable revenue showed steady growth, with a year-on-year increase of approximately 8.6% in the third quarter, driven by growth across major brands [2] - The main brand ELLASSAY led the domestic mid-to-high-end women's wear sector with a comparable revenue growth of 4.6% [2] - Online sales reached 369 million yuan, reflecting a year-on-year growth of 15.4%, with online sales accounting for 18.6% of total revenue, an increase of 1.94 percentage points from the previous year [2] Group 2: Profitability and Efficiency - The company implemented AI technology across the entire supply chain, enhancing operational efficiency and reducing sales and management expense ratios by 2.55 and 1.50 percentage points, respectively [3] - The inventory turnover rate improved from 0.72 times to 0.88 times year-on-year, contributing to a 72.8% increase in net cash flow from operating activities [3] - The net profit for the third quarter turned positive at 28.45 million yuan, supporting the overall significant profit growth for the first three quarters [3]

Company Overview - Ge Li Si (SH 603808) announced on October 29 that its fifth board meeting was held in Shenzhen, discussing the proposal to use idle self-owned funds for entrusted wealth management [1] - As of the report, Ge Li Si's market capitalization is 3.4 billion yuan [1] Financial Performance - For the year 2024, Ge Li Si's revenue composition is as follows: 98.7% from clothing and 1.3% from other businesses [1]

证券代码：603808 证券简称：歌力思 公告编号：2025-026 本次委托理财的金额和期限：公司使用不超过人民币 8 亿元（含 8 亿元） 的闲置自有资金进行委托理财，期限自公司董事会审议通过之日起一年。 在上述额度及期限内，资金可循环滚动使用，并授权公司经营管理层决 定具体实施事宜。 履行的审议程序：已经公司第五届董事会第九次临时会议审议通过，无 需提交公司股东大会审议。 风险提示：金融市场可能受宏观经济的影响有一定的波动性，不排除本 次委托理财受到市场风险、政策风险、流动性风险、不可抗力风险等因 素影响而导致实际收益存在较大的不确定性，敬请广大投资者注意投资 风险。 （一）投资目的 深圳歌力思服饰股份有限公司 关于使用闲置自有资金进行委托理财的公告 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。 重要内容提示： 深圳歌力思服饰股份有限公司（以下简称"公司"）于2025年10月29日召开 了第五届董事会第九次临时会议，审议通过了《关于使用闲置自有资金进行委托 理财的议案》，同意公司及其全资子（孙）公司、控股子（孙）公司使 ...

详见公司同日在上海证券交易所网站披露的《2025 年第三季度报告》。 证券代码：603808 证券简称：歌力思 公告编号：2025-025 深圳歌力思服饰股份有限公司 第五届董事会第九次临时会议决议公告 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 深圳歌力思服饰股份有限公司（以下简称"公司"）第五届董事会第九次临 时会议于 2025 年 10 月 29 日上午 10:30 在广东省深圳市福田区沙头街道天安社 区泰然四路泰然立城大厦 B 座 12 楼会议室以现场结合通讯表决方式召开。经全 体董事同意，本次会议豁免通知时限要求，本次会议通知以邮件方式向全体董事 发出。本次会议应到董事 8 名，实到 8 名。本次会议由公司董事长夏国新先生主 持，公司高级管理人员列席了会议。本次会议的召集和召开程序符合国家有关法 律、法规及《公司章程》等规定，会议合法有效。 二、董事会会议审议情况 （一）会议审议通过《2025 年第三季度报告》 表决结果：同意 8 票，反对 0 票，弃权 0 票，通过。 公司董事会审计委员 ...