深圳歌力思服饰股份有限公司 2025 年第三季度报告 深圳歌力思服饰股份有限公司 2025 年第三季度报告 证券代码：603808 证券简称：歌力思 深圳歌力思服饰股份有限公司 2025 年第三季度报告 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： 公司董事会及董事、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 导性陈述或重大遗漏，并承担个别和连带的法律责任。 1 / 15 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比 上年同期增 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | | 年初至报告期末 | | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 647,098,693.55 | -8.14 | 2,018,535,180.34 | -6.22 | ...

Market Overview - The apparel and home textile sector increased by 0.03% compared to the previous trading day, with Luolai Life leading the gains [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Top Performers - Luolai Life (002293) closed at 9.40, up 5.86% with a trading volume of 356,400 shares and a turnover of 339 million yuan [1] - Shengtai Group (605138) closed at 7.91, up 4.91% with a trading volume of 165,300 shares and a turnover of 132 million yuan [1] - Xinhe Shares (003016) closed at 8.84, up 4.49% with a trading volume of 289,500 shares and a turnover of 254 million yuan [1] Underperformers - ST Erya (600107) closed at 8.77, down 4.98% with a trading volume of 160,200 shares and a turnover of 144 million yuan [2] - Ribo Fashion (603196) closed at 23.12, down 4.93% with a trading volume of 60,300 shares and a turnover of 141 million yuan [2] - Anzheng Fashion (603839) closed at 8.91, down 3.47% with a trading volume of 117,000 shares and a turnover of 106 million yuan [2] Capital Flow - The apparel and home textile sector experienced a net outflow of 147 million yuan from institutional investors, while retail investors saw a net inflow of 125 million yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are actively buying [2][3] Individual Stock Capital Flow - Wanlima (300591) had a net inflow of 29.27 million yuan from institutional investors, while it saw a net outflow of 2.39 million yuan from retail investors [3] - Shengtai Group (605138) experienced a net inflow of 15.85 million yuan from institutional investors, but a net outflow of 23.59 million yuan from retail investors [3] - Seven Wolves (002029) had a net inflow of 18.53 million yuan from institutional investors, with a net outflow of 1.03 million yuan from retail investors [3]

Core Insights - The apparel and home textile sector experienced a rise of 1.38% on October 21, with Zhongyin Fashion leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Sector Performance - Zhongyin Fashion (300901) closed at 17.48, with a significant increase of 11.20% and a trading volume of 122,000 shares, resulting in a transaction value of 209 million yuan [1] - Tianchuang Fashion (603608) saw a rise of 9.96%, closing at 8.72 with a trading volume of 292,300 shares [1] - Hason Co., Ltd. (603958) increased by 6.98%, closing at 16.85 with a trading volume of 101,600 shares [1] - Other notable performers include Gelisi (603808) up 5.35%, Langsha Co. (600137) up 5.21%, and Longtou Co. (600630) up 5.00% [1] Capital Flow - The apparel and home textile sector saw a net outflow of 177 million yuan from main funds, while retail investors contributed a net inflow of 260 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing while retail investors increased their positions [2]

Core Viewpoint - Shenzhen is actively promoting the optimization and upgrading of traditional industries, leveraging innovation, digital transformation, and international market expansion to build a modern industrial system [1][2][3][4][5][6][7] Group 1: Achievements in Traditional Industries - Shenzhen's traditional industries have shown significant achievements, with leading brands in high-end women's clothing, jewelry, furniture, and eyewear, contributing to a robust industrial foundation [2] - The jewelry industry maintains the highest industrial output value in China, with annual gold delivery volume accounting for approximately 70% of the Shanghai Gold Exchange [2] - The furniture sector is recognized as a key research, design, production, and export base, while the eyewear industry accounts for about half of global production [2] Group 2: Innovation and Digital Transformation - The upgrade of traditional industries in Shenzhen is closely tied to innovation, particularly through the integration of AI and digital technologies [3] - Shenzhen plans to implement AI across various sectors, including home appliances and toys, establishing a comprehensive technological foundation [3] - Aiming to support over 100 traditional enterprises in digital transformation within three years, Shenzhen is focusing on building industrial internet platforms and solution providers [3] Group 3: Brand and Quality Enhancement - Shenzhen is committed to enhancing product value through brand development and quality improvement, with initiatives to create over 100 cross-industry fashionable and trendy products by 2027 [4] - The city will promote the establishment of advanced group standards in key areas like smart home and eyewear, aiming to elevate industry standards [4] Group 4: International Market Expansion - Shenzhen is focused on enhancing the global presence of "Shenzhen design" and "Shenzhen manufacturing" through various support measures for internationalization [5][6] - The city provides one-stop services for enterprises to expand internationally, including participation in nearly 300 overseas trade fairs annually [6] Group 5: Ecosystem and Support Mechanisms - To ensure the implementation of initiatives, Shenzhen is establishing a traditional industry working group to coordinate development and provide unified services [7] - Local districts are fostering collaboration between industries and educational institutions, enhancing talent retention and cultural product richness [7]

Core Viewpoint - The company has demonstrated significant recovery in profitability, with a 45.27% year-on-year increase in net profit to 85.05 million yuan in the first half of 2025, driven by a multi-brand strategy and enhanced operational management [1] Group 1: Financial Performance - The company's net profit attributable to shareholders increased by 45.27% to 85.05 million yuan in the first half of 2025 [1] - The combined sales and management expense ratio decreased by 2.1 percentage points, reflecting effective cost control and process optimization [1] Group 2: Operational Strategy - The company is focusing on cost reduction in 2025, emphasizing process optimization and strict budget control across brands [1] - Marketing strategies have been refined to enhance efficiency and quality, with a focus on aligning product effectiveness with marketing efforts [1] Group 3: AI Integration - The company is actively integrating AI technology across its operations, from design to supply chain management, significantly improving design efficiency and precision [1] - AI tools are being utilized for sales diagnostics and analysis, leveraging big data to support store performance [1] Group 4: Brand and Market Strategy - The company is enhancing brand strength and store upgrades while focusing on member experience and brand value [2] - The multi-brand and multi-platform strategy aims to uncover growth potential across different brands, leading to rapid online growth [2] Group 5: International Business Adjustments - The company is strategically closing underperforming stores in its French IRO brand while maintaining strict budget controls, leading to gradual profit improvement [2] - Future adjustments will focus on retaining profitable stores and increasing investment in brand and product design to support the IRO brand's recovery [2] Group 6: Future Outlook - The company anticipates significant growth potential, focusing on high-end markets to meet diverse consumer demands amid a K-shaped consumption trend [2] - The company's refined operational management and understanding of the high-end market position it well for sustained high-quality growth in future market competition [2]

Core Points - The company has elected Ms. Wang Wei as the employee representative director of the fifth board of directors [1] - Ms. Wang was previously a non-employee representative director and meets the qualifications required by relevant laws and regulations [1] - The election of the employee representative director does not exceed the limit of employee representatives on the board, complying with legal and regulatory requirements [1] Summary of Ms. Wang Wei's Background - Ms. Wang Wei, born in 1980, holds a master's degree in finance from Lancaster University and dual bachelor's degrees in international finance and accounting from Jinan University [2] - She has held significant positions including managing director at Xiamen Qishang Equity Investment Co., Ltd. and general manager at China Merchants ZhiYuan Capital Investment Co., Ltd. [2] - Ms. Wang has been recognized as one of the top analysts in the textile and apparel industry, receiving multiple awards including the New Fortune Best Analyst and the Crystal Ball Award [2]

Core Viewpoint - The company announced the election of Ms. Wang Wei as the employee representative director of the fifth board of directors during a recent employee representative meeting [1] Group 1 - The company held an employee representative meeting [1] - Ms. Wang Wei was elected as the employee representative director [1]

Core Viewpoint - The company has demonstrated significant recovery in profitability, with a 45.27% year-on-year increase in net profit attributable to shareholders, reaching 85.05 million yuan in the first half of 2025, driven by a multi-brand strategy and enhanced operational efficiency [1] Group 1: Financial Performance - In the first half of 2025, the company's combined sales and management expense ratios decreased by 2.1 percentage points, reflecting effective cost control measures [1] - The company achieved a significant improvement in inventory turnover, with the inventory turnover rate increasing from 0.8 times to 1.1 times [2] Group 2: AI Integration - The company is deeply integrating AI technology across its entire value chain, enhancing design efficiency and precision, and improving supply chain and product management through partnerships with AI service providers [2] - AI tools have been utilized to enhance marketing and operational efficiency, leading to cost savings in production and improved sales diagnostics [2] Group 3: Brand Performance - The company has seen robust growth in international brands, with notable revenue increases: 21% for the UK brand self-portrait, 16% for the French brand IRO in China, and 10% for the German brand Laurèl [3] - The company is strategically closing underperforming stores in its overseas operations while maintaining investment in brand and product design to support recovery [3] Group 4: E-commerce Growth - The company has successfully implemented a multi-brand, multi-platform strategy, resulting in a 21% year-on-year increase in online sales to 268 million yuan, with online sales accounting for 20% of total sales [5] - The French brand IRO has achieved exceptional growth in online sales, particularly on platforms like Douyin, contributing to the overall online sales surge [5] Group 5: Future Outlook - The company plans to continue its multi-brand, multi-platform strategy to enhance e-commerce capabilities and drive overall revenue growth [6] - The chairman emphasized a focus on high-end markets to meet diverse consumer demands, positioning the company for sustained competitive advantage and high-quality growth [7]

证券代码：603808 证券简称：歌力思 公告编号：2025-024 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。 根据《中华人民共和国公司法》《上市公司章程指引》及《公司章程》的有 关规定，深圳歌力思服饰股份有限公司（以下简称"公司"）于近日召开了职工 代表大会，会议选举王薇女士（简历附后）担任公司第五届董事会职工代表董事。 王薇女士原为公司第五届董事会非职工代表董事，经职工代表大会选举后变 更为第五届董事会职工代表董事。王薇女士符合《公司法》《公司章程》等相关 法律法规和制度规定的关于职工董事任职的资格和条件，将按照相关规定履行职 工代表董事的职责。本次选举职工代表董事不会导致公司董事会中兼任公司高级 管理人员以及由职工代表担任的董事人数超过公司董事总数的二分之一，符合相 关法律法规及《公司章程》的规定。 特此公告。 深圳歌力思服饰股份有限公司 深圳歌力思服饰股份有限公司 关于选举职工代表董事的公告 附件：王薇女士简历 女，1980 年生，中国国籍，无境外永久居留权，英国 Lancaster University 金融学 ...

北京市中伦（深圳）律师事务所 关于深圳歌力思服饰股份有限公司 2025 年第一次临时股东大会的 法律意见书 二〇二五年九月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 北京市中伦（深圳）律师事务所 关于深圳歌力思服饰股份有限公司 2025 年第一次临时股东大会的 法律意见书 致：深圳歌力思服饰股份有限公司 根据《中华人民共和国公司法》(简称"《公司法》")《上市公司股东会规则》 (简称"《股东会规则》")和《深圳歌力思服饰股份有限公司章程》(简称"《公司 章程》")的规定，以及深圳歌力思服饰股份有 ...