深圳歌力思服饰股份有限公司 关于完成注册地址工商变更登记的公告 证券代码：603808 证券简称：歌力思 公告编号：2024-020 特此公告。 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。 1 深圳歌力思服饰股份有限公司（以下简称"公司"或"歌力思"）分别于 2024 年 4 月 28 日、2024 年 5 月 20 日召开第五届董事会第三次临时会议、2023 年年 度股东大会，审议通过了《关于变更注册地址、公司章程修订暨办理工商变更登 记的议案》。 深圳歌力思服饰股份有限公司 董事会 2024 年 7 月 12 日 近日，公司完成了注册地址的工商变更登记手续，并取得了深圳市市场监督 管理局换发的《营业执照》，公司注册地址由"深圳市福田区车公庙天安创新科 技广场 A 栋 1901-1905"变更为"深圳市福田区沙头街道天安社区泰然四路 85 号 泰然立城 B 座 1201"。 ...

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 差异化权益分派事项的 法律意见书 二〇二四年五月 法律意见书 致：深圳歌力思服饰股份有限公司 北京市中伦（深圳）律师事务所（下称"本所"）接受深圳歌力思服饰股份 有限公司（简称"公司"）的委托，根据《中华人民共和国公司法》（下称"《公 司法》"）、《中华人民共和国证券法》（下称"《证券法》"）、《上市公司股份回购规 则》（下称"《回购规则》"）、《上海证券交易所上市公司自律监管指引第 7 号—— 回购股份》（下称"《回购指引》"）等法律、法规和规范性文件的规定以及《深圳 歌力思服饰股份有限公司章程》（下称"《公司章程》"）的相关规定，按照律师行 业公认的业务标准、道德规范和勤勉尽责精神，为公司 2023 年度利润分配涉及 的差异化权益分派（下称"本次差异化权益分派"）的相关事项出具本法律意见 书。 为出具本法律意见书，本所律师审查了公司提供的相关文件。本所在进行法 律审查时公司向本所作出的如下保证：公司已经向本所提供了为出具本法律意见 书所需的全部资料，并保证该等资料的真实性、准确性、完整性，所有副本与正 本、复印件与原件一致。对出具本法律意见书至 ...

差异化分红送转： 是 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： | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2024/6/12 | － | 2024/6/13 | 2024/6/13 | 一、 通过分配方案的股东大会届次和日期 证券代码：603808 证券简称：歌力思 公告编号：2024-019 本次利润分配方案经深圳歌力思服饰股份有限公司（以下简称"公司"或"本公司"）2024 年 5 月 20 日的 2023 年年度股东大会审议通过。 深圳歌力思服饰股份有限公司 2023 年年度权益分派实施公告 规范性文件及《公司章程》的有关规定，公司存放于回购专用账户的股份不参与利润分配。 3. 差异化分红送转方案： （1）差异化权益分派方案 公司于 2024 年 4 月 28 日召开了第五届董事会第三次临时会议及第五届监事会第二次临 时会议，于 2024 年 5 月 20 日召开了 2023 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a current price of 7.62 CNY and a reasonable value of 8.70 CNY [14]. Core Views - The company is expected to see a gradual improvement in performance throughout 2024, despite facing challenges in overseas operations [2][44]. - The company's 2023 performance showed a significant recovery post-pandemic, with a revenue of 2.915 billion CNY, a year-on-year increase of 21.73%, and a net profit of 106 million CNY, up 416.56% [23][30]. - The first quarter of 2024 saw a revenue of 749 million CNY, a 12.47% increase year-on-year, but a net profit decline of 38.25% due to increased overseas losses and new equity incentive costs [7][49]. Summary by Sections Financial Performance - In 2023, the company reported a revenue of 2.915 billion CNY, with a net profit of 106 million CNY, marking a 416.56% increase year-on-year [23][30]. - The first quarter of 2024 showed a revenue of 749 million CNY, a 12.47% increase, but a net profit of 29 million CNY, down 38.25% year-on-year [7][49]. - The company plans to distribute a cash dividend of 2.40 CNY for every 10 shares [23]. Revenue Forecast - The company forecasts revenues of 3.308 billion CNY in 2024, 3.772 billion CNY in 2025, and 4.251 billion CNY in 2026, with growth rates of 13.5%, 14.0%, and 12.7% respectively [16][30]. - The expected EPS for 2024, 2025, and 2026 are 0.58 CNY, 0.80 CNY, and 1.03 CNY respectively [19][30]. Brand Performance - The main brand ELLASSAY is projected to generate revenues of 1.252 billion CNY in 2024, with a growth rate of 16.73% [52]. - The Laurel brand is expected to see revenues of 427 million CNY in 2024, growing by 22.67% [52]. - The IRO brand is forecasted to have a slight decline in revenue in 2024, with a projected revenue of 724 million CNY [52]. Cost and Margin Analysis - The gross margin for 2024 is expected to be 68.98%, with slight increases projected for the following years [28][30]. - The company aims to optimize costs and reduce losses in overseas operations by closing unprofitable stores [44][54].

证券代码：603808 证券简称：歌力思 公告编号：2024-018 深圳歌力思服饰股份有限公司 2023 年年度股东大会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 6 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 204,275,400 | | 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 | | | 份总数的比例（%） | 56.16 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，因公司董事长夏国新先生因公当天无法主持会议， (一) 股东大会召开的时间：2024 年 5 月 20 日 (二) 股东大会召开的地点：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 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 根据《公司法》《上市公司股东大会规则》 ...

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 2023 年年度股东大会的 法律意见书 二〇二四年五月 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》(下称"《公司法》")《上市公司股东大会规 则》(下称"《股东大会规则》")和《深圳歌力思服饰股份有限公司章程》(下称 "《公司章程》")的规定，以及深圳歌力思服饰股份有限公司（简称"公司"）与 北京市中伦（深圳）律师事务所（简称"本所"）签订的《常年法律顾问合同》 的约定，本所律师受指派作为公司的常年法律顾问出席公司 2023 年年度股东大 会(下称"本次股东大会")，并就本次股东大会的召集和召开程序、召集人资格、 出席和列席会议人员资格、表决程序及表决结果等事宜发表法律意见。 一、本次股东大会的召集和召开程序 为召开本次股东大会，公司董事会于 2024 年 4 月 30 日在上海证券交易所网 站（www.sse.com.cn）上公告了会议通知。该通知载明了会议的召开方式、召开 时间和召开地点，对会议议题的内容进行了充分披露，说明了股东有权出席并可 委托代理人出席会议和参加表决，明确了会议的登记办法、有权出席会议股东的 股权登记日、 ...

2023 年年度股东大会资料 深圳歌力思服饰股份有限公司 2023 年年度股东大会 会议资料 1 | 2023 | 年年度股东大会会议议程 3 | | --- | --- | | 2023 | 年年度股东大会会议须知 5 | | 议案一 | 2023 年度董事会工作报告 7 | | 议案二 | 2023 年度监事会工作报告 18 | | 议案三 | 2023 年度财务决算报告 23 | | 议案四 | 《2023 年年度报告》及其摘要 33 | | 议案五 | 2023 年度利润分配方案 34 | | 议案六 | 关于公司董事 2023 年度薪酬的议案 35 | | 议案七 | 关于公司监事 2023 年度薪酬的议案 36 | | 议案八 | 关于变更注册地址、公司章程修订暨办理工商变更登记的议案 37 | | 附件：2023 | 年度独立董事述职报告 43 | 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 2023 年年度股东大会会议资料 2023 年年度股东大会会议议程 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 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 8.85 yuan based on a 15x PE valuation for 2024 [22][26]. Core Insights - The company achieved a revenue of 2.92 billion yuan in 2023, representing a year-on-year growth of 21.7%, and a net profit attributable to shareholders of 106 million yuan, a significant increase of 417% [1]. - The company plans to distribute dividends of 87 million yuan, with a dividend payout ratio of approximately 82.6%, which is an increase compared to the previous year [1]. - Domestic business performance has exceeded pre-pandemic levels, while overseas operations face challenges due to macroeconomic factors such as high inflation and geopolitical issues [1][10]. Financial Performance Summary - Revenue and net profit for Q1 2024 showed a year-on-year increase of 12.5% and a decline of 38.3%, respectively, primarily due to pressures on the IRO brand's overseas business [1]. - The company's gross margin improved to 67.8% in 2023, up 4 percentage points from the previous year, indicating enhanced profitability [1][4]. - The company’s online and offline sales channels grew by 12% and 23.5%, respectively, in 2023, with direct sales and distribution channels increasing by 23.9% and 12.2% [1]. Brand Performance - ELLASSAY brand revenue grew by 20.7% in 2023, with online sales surpassing 700 million yuan [1]. - IRO brand revenue increased by 10.5% in 2023, with a notable 58% growth in the Chinese market despite challenges abroad [1]. - LAUREL brand saw a revenue increase of 47.2%, with online sales growing by 63% [1]. - SP brand revenue surged by 49.9%, continuing its high growth trajectory [1]. Earnings Forecast - The report projects earnings per share (EPS) of 0.59, 0.78, and 0.99 yuan for 2024, 2025, and 2026, respectively [22][26].

Investment Rating - The report maintains a "Buy" rating for the company, with a target price range of 8.6-9.2 RMB, corresponding to a 2024 PE of 14-15x [2][8][13] Core Views - The company has been expanding its stores against the trend, which has significantly contributed to revenue growth and gross margin improvement [2] - The domestic revenue growth of the company's three growth-stage brands is impressive, with continued optimism for the steady growth of the main brand and the growth potential of the sub-brands [2] - The overseas business incurred losses in 2023, leading to a significant impairment of goodwill, which negatively impacted net profit [2] - The overseas business continued to underperform in Q1 2024, and it is expected to have a negative impact on the full-year net profit for 2024 [2] - Revenue expectations are maintained, but net profit forecasts are revised downward, with projected revenues of 3.24/3.65/4.10 billion RMB for 2024-2026, representing YoY growth of 11.2%/12.7%/12.1% [2] - Net profit for 2024-2026 is expected to be 230/310/370 million RMB, with YoY growth of 118.8%/35.9%/17.8% [2] Financial Performance - In 2023, the company's revenue increased by 21.7% YoY to 2.915 billion RMB, with a gross margin improvement of 4.0 percentage points to 67.8% [12] - Net profit attributable to shareholders increased by 416.6% YoY to 106 million RMB, with a net profit margin improvement of 3.2 percentage points to 5.6% [12] - Excluding the impact of goodwill impairment, the net profit attributable to shareholders would have been 225 million RMB, in line with previous expectations [12] - Operating cash flow increased by 52.7% YoY to 480 million RMB, with a dividend payout ratio of 82.6% [12] - In Q1 2024, revenue grew by 12.5% YoY to 750 million RMB, but net profit attributable to shareholders decreased by 32.2% YoY to 30 million RMB, mainly due to increased losses in overseas operations [12] Brand Performance - The main brand, Ellassay, saw a 21% YoY increase in revenue [12] - The three growth-stage brands (SP, IRO China, and LAUREL) performed exceptionally well, with YoY revenue growth of 50%, 58%, and 47%, respectively [12] - The IRO brand, with approximately 80% of its revenue coming from overseas, achieved a 10% overall growth despite significant challenges in overseas operations [12] - Ed HARDY's revenue increased by 3% YoY [12] - The number of stores increased by 39 compared to the end of 2022 [12] Profitability and Margins - The gross margin for the main brand Ellassay increased to 71.3% in 2023, up from 67.1% in 2022 [12] - The gross margin for IRO increased to 60.9% in 2023, up from 58.7% in 2022 [12] - The gross margin for Ed HARDY increased to 55.8% in 2023, up from 46.6% in 2022 [12] - The gross margin for LAUREL increased to 74.4% in 2023, up from 71.7% in 2022 [12] - The gross margin for self-portrait remained stable at 82.8% in 2023 [12] Future Outlook - The company is expected to continue its store expansion strategy, with a focus on the steady growth of the main brand and the growth potential of the sub-brands [2] - The overseas business is expected to continue to negatively impact net profit in 2024, but the domestic business is expected to support revenue growth [2] - The company's revenue is expected to grow at a CAGR of 12.0% from 2024 to 2026, with net profit expected to grow at a CAGR of 54.2% over the same period [2]

Financial Performance - The company's revenue for Q1 2024 was CNY 748,548,486.02, representing a 12.47% increase compared to CNY 665,561,700.60 in the same period last year[4]. - Net profit attributable to shareholders decreased by 38.25% to CNY 29,194,964.40 from CNY 47,275,662.16 year-on-year[4]. - Basic earnings per share decreased by 38.46% to CNY 0.08 from CNY 0.13 in the previous year[4]. - Operating profit for Q1 2024 decreased to ¥61,927,268.78, down 19.4% from ¥76,815,217.52 in Q1 2023[24]. - Net profit for Q1 2024 was ¥62,282,641.72, compared to ¥75,022,602.19 in Q1 2023, indicating a decline of 17.0%[24]. - Total comprehensive income for Q1 2024 was CNY 44,298,546.78, significantly lower than CNY 96,600,554.05 in the same period last year, marking a decrease of 54.1%[26]. Cash Flow - The net cash flow from operating activities was CNY 109,343,501.16, down 16.2% from CNY 130,489,167.98 in the previous year[4]. - Operating cash flow for Q1 2024 was CNY 109,343,501.16, down from CNY 130,489,167.98 in Q1 2023, reflecting a decline of 16.2%[30]. - The company reported cash inflows from operating activities totaling CNY 857,077,779.55, compared to CNY 721,714,248.52 in the previous year, an increase of 18.7%[30]. - Cash outflows from operating activities were CNY 747,734,278.39, up from CNY 591,225,080.54, indicating a rise of 26.5%[30]. - Cash and cash equivalents rose to ¥608,378,253.13 as of March 31, 2024, compared to ¥585,395,623.67 at the end of 2023, an increase of 3.4%[20]. - Cash and cash equivalents at the end of Q1 2024 increased to CNY 585,295,902.21 from CNY 497,699,057.74, showing a growth of 17.6%[31]. Store Operations - The company opened 12 new stores during the reporting period, increasing the total number of stores to 655, while closing 9 stores[10]. - The total number of stores increased from 652 at the end of 2023 to 655 at the end of the reporting period, with 12 new openings and 9 closures[12]. - The company plans to continue expanding its store network and enhancing its online sales channels to drive future growth[12]. Revenue Breakdown - The domestic revenue growth was approximately 20%, driven by strong performance from brands such as ELLASSAY, Laurèl, and IRO, which grew by 29%, 40%, and 21% respectively[10]. - Overseas revenue declined by about 20% due to macroeconomic factors such as inflation and geopolitical issues[10]. - Direct store revenue reached CNY 633.01 million with a gross profit margin of 69.75%, an increase of 24.93% year-over-year[13]. - Online sales accounted for 15.20% of total revenue, generating CNY 112.93 million with a gross profit margin of 60.62%[14]. - The ELLASSAY brand generated CNY 305.85 million in revenue, with a gross profit margin of 67.86%, but a decrease of 2.96 percentage points compared to the previous year[12]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,509,473,042.69, a decrease of 2.43% from CNY 4,621,989,751.92 at the end of the previous year[5]. - Total current assets as of March 31, 2024, amounted to ¥2,011,797,431.03, a decrease of 3.0% from ¥2,073,890,394.49 as of December 31, 2023[20]. - Total non-current assets decreased to ¥2,497,675,611.66 as of March 31, 2024, down from ¥2,548,099,357.43 at the end of 2023, a decline of 2.0%[21]. - Total liabilities as of March 31, 2024, were ¥1,398,746,971.33, down from ¥1,562,407,715.34 at the end of 2023, reflecting a decrease of 10.5%[22]. - Total equity increased to ¥3,110,726,071.36 as of March 31, 2024, compared to ¥3,059,582,036.58 at the end of 2023, an increase of 1.7%[22]. Financial Expenses - The company's financial expenses increased by 43.44% primarily due to increased exchange losses[11]. - The overall cost of goods sold for the first quarter was CNY 241.40 million, reflecting a 13.83% increase from the previous year[13]. - Total operating costs for Q1 2024 were ¥688,331,895.04, up from ¥606,709,150.49 in Q1 2023, reflecting a year-over-year increase of 13.4%[24].