证券代码：603808 证券简称：歌力思 公告编号：2024-030 深圳歌力思服饰股份有限公司 股票交易异常波动公告 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"）股票价格于2024年 11月15日、11月18日、11月19日连续三个交易日内日收盘价格涨幅偏离值累计超 过20%，根据《上海证券交易所交易规则》的相关规定，属于股票交易异常波动。 经公司自查，并向公司控股股东及实际控制人发函询证，截至本公告披 露日，除公司已披露事项外，公司不存在应披露而未披露的重大事项。 一、股票交易异常波动的具体情况 公司股票于2024年11月15日、11月18日、11月19日连续三个交易日内日收盘 价格涨幅偏离值累计超过20%，根据《上海证券交易所交易规则》的相关规定， 属于股票交易异常波动的情形。 二、公司关注并核实的相关情况 （一）生产经营情况 经公司自查及问询公司控股股东深圳市歌力思投资管理有限公司及实际控 制人后确认，截至本公告披露日，除公司已披露事项外，公司及公司控股 ...

深圳歌力思服饰股份有限公司： 关于深圳歌力思服饰股份有限公司 股票交易异常波动问询函的回复 深圳歌力思服饰股份有限公司： 深圳市歌力思投资管理有限公司（以下简称"本公司"）收到贵公司发来的 《深圳歌力思服饰股份有限公司关于股票交易异常波动有关问题的问询函》，经 本公司认真自查，现回复如下： 本公司作为贵公司的控股股东，目前经营情况正常。截至目前，除贵公司已 披露事项外，本公司不存在其他涉及贵公司的应披露而未披露的重大信息，包括 但不限于重大资产重组、股份发行、重大交易类事项、业务重组、股份回购、股 权激励、破产重整、重大业务合作、引进战略投资者等重大事项。 在贵公司本次股票交易异常波动期间，本公司不存在买卖贵公司股票的情形。 特此回复。 关于深圳歌力思服饰股份有限公司 股票交易异常波动问询函的回复 本人收到贵公司发来的《深圳歌力思服饰股份有限公司关于股票交易异常波 动有关问题的问询函》，经本人认真自查，现回复如下： 截至目前，除公司已披露事项外，本人不存在其他涉及贵公司的应披露而未 披露的重大信息，包括但不限于重大资产重组、股份发行、重大交易类事项、业 务重组、股份回购、股权激励、破产重整、重大业务合作、引进 ...

Investment Rating - The report maintains a "Buy" rating with a target price of 7.51 CNY, indicating an expected relative return of 10%-20% over the next six months [9][22]. Core Insights - The company reported a 4% year-on-year increase in revenue for the first three quarters of 2024, reaching 2.2 billion CNY, while net profit attributable to shareholders decreased by 84% to 20 million CNY [3][5]. - Domestic revenue growth was approximately 11.5% year-on-year, driven by an increase in the number of direct-operated stores, although this also led to higher related expenses [3][4]. - The company's multi-brand strategy has effectively driven revenue growth, particularly in the domestic market, which saw a 5.3% increase [6]. Revenue Breakdown - Revenue by brand for the first three quarters of 2024 shows ELLASSAY at 820 million CNY (up 14%), Laurèl at 280 million CNY (up 21%), Ed Hardy and Ed Hardy X at 180 million CNY (down 20%), IRO at 470 million CNY (down 17%), and self-portrait at 360 million CNY (up 18%) [4][6]. - Online sales revenue increased by 48%, with notable performances from ELLASSAY (69%), self-portrait (85%), Laurèl (61%), and IRO (50%) in the Chinese market [6]. Financial Performance - The gross profit margin for the first three quarters of 2024 was 68.2%, an increase of 1.3 percentage points, while the net profit margin decreased by 5.6 percentage points to 1% [5]. - The company adjusted its earnings forecast, projecting EPS of 0.2 CNY for 2024 and 2025, and 0.3 CNY for 2026, with corresponding P/E ratios of 50X, 36X, and 26X [5][12].

1 | 目录 | | --- | | 2024 | 年第二次临时股东大会会议议程 | 3 | | --- | --- | --- | | 2024 | 年第二次临时股东大会会议须知 | 5 | | 议案一 | 关于续聘 2024 | 年度审计机构的议案 7 | 2024 年第二次临时股东大会会议议程 深圳歌力思服饰股份有限公司 2024 年第二次临时股东大会 会议资料 一、会议召开和表决方式 本次会议采用现场投票与网络投票相结合的表决方式。深圳歌力思服饰股份 有限公司（以下简称"公司"）通过上海证券交易所股东大会网络投票系统向股 东提供网络投票平台，公司股东可以在网络投票时间内通过上述系统行使表决权。 二、会议召开时间 现场会议时间：2024 年 11 月 20 日 14:50 网络投票起止时间：自 2024 年 11 月 20 日 至 2024 年 11 月 20 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 9:15-15:00。 ...

证券代码：603808 证券简称：歌力思 公告编号：2024-029 深圳歌力思服饰股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 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： https://roadshow.sseinfo.com/） 深圳歌力思服饰股份有限公司（以下简称"公司"）已于 2024 年 10 月 30 日发布公司 2024 年第三季度报告，为便于广大投资者更全 面深入地了解公司 2024 年第三季度报告经营成果、财务状况，公司 计划于 2024 年 11 月 20 日下午 16:00-17:00 举行 2024 年第三季度业 绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 会议召开时间：2024 年 11 月 20 日(星期三) 下午 16:00-17:00 会议召开地点：上海证券交易所上证路演中心（网址： 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 11 月 13 日(星期三) 至 11 月 19 日(星期 二)16:00 前登录上证路演中心网站首 ...

Investment Rating - The investment rating for the company is "Neutral" with a target price range of 6.90 to 7.40 RMB, reflecting a downward adjustment from previous estimates [5][12][14]. Core Insights - The company's domestic business showed a stable growth of 5.3%, while overseas operations continued to decline, negatively impacting overall performance. The third-quarter revenue increased by 1.6% year-on-year to 700 million RMB, but the net profit attributable to shareholders fell by 238.5% to -40 million RMB [1][3]. - The company is focusing on brand strength and controlling product discounts, resulting in a gross margin increase of 0.5 percentage points. However, the sales expense ratio rose by 6.9 percentage points to 52.5%, and management expenses increased by 1.0 percentage point to 10.1% due to high fixed costs in overseas regions and the opening of new domestic stores [1][3]. - The company plans to accelerate adjustments in its overseas business to mitigate performance drag, particularly for the IRO brand, which has been underperforming due to macroeconomic uncertainties [2][12]. Summary by Sections Financial Performance - In Q3, the company reported a revenue of 700 million RMB, a year-on-year increase of 1.6%, while the net profit attributable to shareholders was -40 million RMB, a decline of 238.5% [1][3]. - The domestic business grew by 5.3%, but overseas sales continued to decline, leading to overall performance issues [1][2]. Brand Performance - The main brand, Geli Si, maintained stable revenue, while three emerging brands (SP, LAUREL, IRO) showed significant growth rates of 32%, 9%, and 8% respectively. However, IRO's overall revenue decreased by 17% due to overseas business struggles [2][3]. Online and Offline Channels - Online sales grew impressively by 48% to 110 million RMB, while offline sales dropped by 8%. The company is actively closing inefficient stores and opening more effective direct-operated stores [2][3]. Profitability Forecast - The profit forecast for 2024-2026 has been adjusted, with expected net profits of 50 million, 170 million, and 210 million RMB respectively, reflecting a year-on-year change of -48.7%, +221.4%, and +22.4% [3][10][12]. - The gross margin is expected to decline due to increased fixed costs in overseas operations, with projections of 67.3%, 68.0%, and 68.3% for the next three years [10][12]. Cost Structure - The sales expense ratio is projected to be 50.0%, 47.5%, and 47.0% for the next three years, reflecting adjustments in response to high fixed costs and store openings [10][12]. - Asset impairment losses are expected to increase due to accelerated adjustments in overseas operations, with projections of -2.5% for 2024 [10][12].

Investment Rating - The report maintains a rating of "Accumulate" for the company, with an expected PE of 13.5 times for 2025 [6][8]. Core Views - The company has experienced a 4% year-on-year increase in revenue for Q1-Q3 2024, but its net profit attributable to shareholders has significantly decreased by 84% [2]. - The domestic business remains stable, while overseas operations are under pressure, leading to a substantial decline in profitability [4][6]. - The company is expected to improve its profitability quality in 2025-2026 as it optimizes its overseas business [6]. Summary by Sections Financial Performance - For Q1-Q3 2024, the company's revenue was 2.15 billion yuan, with a net profit of 20 million yuan, down 84% year-on-year [2]. - In Q3 2024, revenue was 700 million yuan, a 2% increase year-on-year, but the net profit was a loss of 40 million yuan, a 239% decline [3]. - The gross profit margin for Q1-Q3 2024 was 68.2%, up 1.3 percentage points year-on-year, while the net profit margin fell to 2.9%, down 5.8 percentage points [2]. Business Segments - Domestic revenue for Q1-Q3 2024 increased by 11.5%, while overseas revenue saw a significant decline, impacting overall performance [4]. - Online sales grew rapidly, with a 38% increase year-on-year, while offline sales decreased by 2% [4]. - Direct sales outperformed franchise sales, with direct sales revenue increasing by 10% compared to a 26% decline in franchise sales [4]. Brand Performance - Key brands such as ELLASSAY and Laurel showed positive sales growth, while other brands experienced declines due to fluctuations in consumer traffic [5]. - The total number of stores increased by 13 compared to the beginning of the year, indicating a steady expansion of the company's channel scale [5]. Inventory and Cash Flow - Inventory turnover days increased by 68.4 days to 374.6 days, with ending inventory up 22.8% year-on-year to 950 million yuan [6]. - The operating cash flow for Q1-Q3 2024 was 240 million yuan, indicating good cash flow management [6]. Future Outlook - The company anticipates a challenging profit performance in 2024 but expects significant improvements in profitability quality in 2025-2026 [6]. - Revenue projections for 2024-2026 are 3.004 billion yuan, 3.362 billion yuan, and 3.767 billion yuan, respectively [7].

Investment Rating - The report maintains an "Accumulate" rating for the company with a target price of 7.08 yuan [1]. Core Views - The company experienced a 4.2% year-on-year increase in revenue for the first three quarters of 2024, but a significant decline of 84.2% in net profit attributable to shareholders [1]. - The company is expected to increase adjustments in its overseas business due to ongoing pressure, particularly from the IRO brand, while domestic operations remain stable [1][2]. - The report anticipates a temporary performance pressure due to intensified overseas business adjustments, but there is still potential for recovery in the future [2]. Financial Performance Summary - For the first three quarters of 2024, the company achieved operating revenue of 2.15 billion yuan, with a net profit of 21.53 million yuan, reflecting a year-on-year decline of 84.2% [1]. - The company's earnings per share (EPS) for 2024 is projected at 0.06 yuan, with subsequent years showing a recovery to 0.14 yuan in 2025 and 0.53 yuan in 2026 [2][4]. - The gross profit margin for the first three quarters of 2024 improved by 1.3 percentage points to 68.2% [1]. Brand and Channel Performance - Revenue contributions from various brands for the first three quarters of 2024 were as follows: Self-portrait (38.1%), Laurel (13.1%), Ed Hardy (8.4%), IRO (21.6%), and EH (16.5%), with notable growth in Self-portrait and Laurel [1]. - The company’s direct sales and distribution channels accounted for 84.2% and 13.7% of revenue, respectively, with direct sales showing a year-on-year increase of 10.3% [1]. Store Expansion and Inventory Management - As of September 2024, the total number of stores was 658, with a net increase of 6 stores since the beginning of the year [1]. - Inventory as of September 2024 increased by 1.1% to 0.95 billion yuan, with inventory turnover days rising by 68 days to 375 days [1].

证券代码：603808 证券简称：歌力思 公告编号：2024-024 深圳歌力思服饰股份有限公司 第五届董事会第五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"）第五届董事会第五次临 时会议于 2024 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，会议 通知及相关材料已于 2024 年 10 月 26 日以书面、电子邮件、电话等方式发出。 本次会议应到董事 7 名，实到 7 名。本次会议由公司董事长夏国新先生主持，公 司监事和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《2024 年第三季度报告》 表决结果：同意 7 票，反对 0 票，弃权 0 票，通过。 详见公司同日在上海证券交易所网站披露的《关于使用闲置自有资金进行委 托理 ...