证券代码：603839 证券简称：安正时尚 公告编号：2023-060 安正时尚集团股份有限公司 关于董事会、监事会换届选举的公告 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。 安正时尚集团股份有限公司(以下简称"公司")第五届董事会、监事会即将 届满，根据《公司法》《公司章程》的有关规定，公司按程序开展董事会、监事 会的换届选举工作。现将本次董事会、监事会换届选举情况公告如下： 一、董事会换届选举情况 根据《公司法》《公司章程》的有关规定，公司第六届董事会将由6名董事 组成，其中非独立董事3名，独立董事3名。经公司董事会提名委员会审核通过， 公司于2023年08月29日召开了第五届董事会第二十八次会议，审议通过了《关于 提名公司第六届董事会非独立董事候选人的议案》《关于提名公司第六届董事会 独立董事候选人的议案》。董事会同意提名郑安政先生、陈克川先生、郑安坤先 生为公司第六届董事会非独立董事候选人（简历详见附件1）；同意提名平衡先 生、王军先生、苏葆燕女士为公司第六届董事会独立董事候选人（简历详见附件 1）。 独立董事候选 ...

证券代码：603839 证券简称：安正时尚 公告编号：2023－055 安正时尚集团股份有限公司 关于董事会、监事会换届选举的提示性公告 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。 （二）根据公司现行《公司章程》的规定，公司监事会由3名组成，其中监事会 包括股东代表监事和职工代表监事，其中职工代表监事的比例不低于 1/3。监事会 中的职工代表监事由公司职工通过职工代表大会或职工大会民主选举产生，任期三 年。 二、 董事和监事候选人的推荐 （一）非独立董事候选人 1、公司第五届董事会有权推荐第六届董事会非独立董事候选人； 2、单独或合并持有公司有表决权股份总数3%以上的股东有权推荐第六届董事会 非独立董事候选人； 3、单个提名人推荐的人数不得超过本次拟选非独立董事人数。 （二）独立董事候选人 1、公司第五届董事会、监事会有权推荐第六届董事会独立董事候选人； 安正时尚集团股份有限公司（以下简称"公司"）第五届董事会、监事会将于 2023 年 09 月 13 日任期届满。为进一步完善公司法人治理结构，并顺利完成董事会、 监事会的 ...

证券代码：603839 证券简称：安正时尚 公告编号：2023－039 安正时尚集团股份有限公司 关于召开2022年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： 会议召开时间：2023 年 06 月 06 日(星期二) 下午 15:00-16:00 会 议 召 开 地 点 ： 上海证券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 30 日（星期二）至 06 月 05 日（星期一）16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 info@anzhenggroup.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 安正时尚集团股份有限公司（以下简称"公司"）已于2023年4月27日发布公司 2022年年度报告，为便于广大投资者更全面深入地了解公司2022年度经营成果、财 务状况，公司计划于2023年06月0 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 603,595,355.05, representing a year-on-year increase of 4.80%[4] - The net profit attributable to shareholders for the same period was CNY 27,406,550.76, which is an increase of 28.76% compared to the previous year[4] - The total revenue for the first quarter of 2023 was 60,033.82 million, with a gross margin of 49.80%, reflecting a 4.56% increase in revenue compared to the previous year[14] - Net profit for Q1 2023 reached CNY 27,860,677.66, a 15.4% increase from CNY 24,092,633.56 in Q1 2022[29] - The company reported a total comprehensive income of CNY 27,860,677.66 for Q1 2023, compared to CNY 24,092,633.56 in Q1 2022, indicating a growth of 15.4%[31] - Earnings per share for Q1 2023 were CNY 0.07, compared to CNY 0.05 in Q1 2022, marking a 40% increase[31] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 57.52% to CNY 63,708,250.04, primarily due to the termination of a brand operation in the previous year[7] - Cash generated from operating activities was CNY 558,289,855.33 in Q1 2023, down from CNY 627,950,985.40 in Q1 2022, a decrease of 11%[33] - The total cash and cash equivalents at the end of Q1 2023 were $448,085,239.02, down from $748,328,892.86 at the end of Q1 2022[35] - The company experienced a negative impact of $3,824,941.11 from exchange rate fluctuations on cash and cash equivalents[35] - The company’s cash and cash equivalents increased to 450,267,412.74 from 430,390,558.96, indicating a positive cash flow situation[21] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 3,000,832,004.07, a decrease of 1.99% from the end of the previous year[5] - The total liabilities decreased from 664,329,943.77 to 589,864,696.54, indicating improved financial stability[23] - Total liabilities as of Q1 2023 amounted to CNY 663,811,605.28, a decrease from CNY 754,516,917.90 in the previous year[24] - Total equity attributable to shareholders was CNY 2,105,628,706.64, up from CNY 2,076,172,555.87 in Q1 2022, reflecting an increase of 1.6%[24] Store Operations - The total number of retail stores decreased from 1,973 at the end of 2022 to 1,960 by the end of March 2023, with 101 new openings and 114 closures during the first quarter[12] - The number of direct-operated stores for the JZ Jiuzi brand decreased from 104 to 103, while the number of franchise stores decreased from 380 to 376[12] Sales Performance - Online sales accounted for 45.90% of total revenue in Q1 2023, generating 27,558.05 million, while offline sales contributed 54.10% with 32,475.77 million[16] - The gross margin for online sales decreased to 26.98% from 33.81% year-over-year, while the gross margin for offline sales increased to 69.16%[16] - The revenue from the e-commerce agency business was 17,774.98 million, marking a significant year-over-year increase of 64.73%[16] - The revenue from the Northeast region increased by 3.76% year-over-year, while the East China region saw a decline of 22.80%[18] - The gross margin for the direct stores was 75.28%, with a revenue increase of 16.88% year-over-year, while franchise stores experienced a revenue decline of 31.72%[16] Shareholder Information - The company has a total of 16,672 common shareholders as of the end of the reporting period[9] - The top shareholder, Zheng Anzheng, holds 151,165,218 shares, accounting for 37.78% of the total shares, with 47,000,000 shares pledged[9] - The company’s repurchase account held 8,968,020 shares, representing 2.24% of the total share capital at the end of the reporting period[10] Research and Development - Research and development expenses for Q1 2023 were CNY 13,502,324.05, down from CNY 16,677,727.50 in Q1 2022, a decrease of 19.4%[28] - The company did not report any new product launches or technological advancements in this quarter[36]

Financial Performance - In 2022, the company's operating revenue was approximately ¥2.26 billion, a decrease of 26.47% compared to ¥3.08 billion in 2021[23] - The net profit attributable to shareholders was a loss of approximately ¥354.87 million, a decline of 608.92% from a profit of ¥69.73 million in 2021[23] - The net cash flow from operating activities was approximately ¥258.49 million, down 52.15% from ¥540.17 million in 2021[23] - The total assets at the end of 2022 were approximately ¥3.06 billion, a decrease of 21.85% from ¥3.92 billion at the end of 2021[23] - The net assets attributable to shareholders were approximately ¥2.08 billion, down 21.32% from ¥2.64 billion in 2021[23] - The basic earnings per share for 2022 was -¥0.92, compared to ¥0.18 in 2021, reflecting a decrease of 611.11%[24] - The weighted average return on equity was -15.06% in 2022, a decrease of 17.65 percentage points from 2.59% in 2021[24] - The company reported a significant decline in net profit due to various operational challenges faced during the year[23] - The company reported a total of 28,852,771.86 RMB in gains from entrusted investment or asset management in 2022[26] - The company reported non-recurring gains of 740,352.49 RMB from the disposal of non-current assets and 11,328,843.81 RMB from government subsidies closely related to its normal business operations in 2022[26] Revenue Breakdown - In 2022, the company's total revenue for the year was 2,363,177,288.23 RMB, with a net profit attributable to shareholders of 21,284,349.94 RMB in Q1, a loss of 1,958,641.47 RMB in Q2, a profit of 26,378,774.79 RMB in Q3, and a significant loss of 400,573,112.15 RMB in Q4[26] - The apparel segment generated revenue of CNY 1.56 billion, down 29.17% year-on-year, while the e-commerce operation segment reported revenue of CNY 703 million, a decline of 19.68%[68] - The company's total revenue for the apparel segment was approximately ¥1.55 billion, a decrease of 28.90% year-over-year, while the gross margin increased by 0.84 percentage points[72] - E-commerce agency operations generated revenue of approximately ¥703.15 million, with a year-over-year decrease of 19.89% and an increase in gross margin by 4.85 percentage points[72] - The revenue from the outerwear category was approximately ¥204.90 million, down 36.00% year-over-year, with a gross margin of 65.46%, a decrease of 0.50 percentage points[72] - The children's clothing segment reported revenue of approximately ¥317.20 million, a decrease of 29.45% year-over-year, with a gross margin of 42.16%, down 0.98 percentage points[72] Operational Challenges - The company faced a challenging year in 2022, with the apparel industry experiencing a 6.5% decline in retail sales due to macroeconomic pressures[32] - The company aims to enhance its retail capabilities, product strength, and brand power as part of its strategic focus for growth[32] - The company is focusing on upgrading its product system with functional fabric technologies such as antibacterial and self-cooling properties[34] - The company implemented a retail enhancement plan to improve channel strategies, focusing on self-operated and franchise channels, and aimed for a unified inventory and customer management system across online and offline platforms[35] Strategic Initiatives - The company established nine retail regions across China to enhance operational efficiency and consumer service, including Northeast, Northwest, North China, and others[33] - The company restructured its brand division matrix to improve product research and design capabilities, collaborating with universities to incorporate traditional Chinese cultural elements into its designs[34] - The company plans to introduce a new creative director from the French fashion brand Charles Jourdan to upgrade its main brand JZ 玖姿's product system[34] - The company is actively expanding its e-commerce channels and implementing new media marketing strategies to enhance retail layout[64] - The company is launching a new retail business focusing on personalized sales through a brand micro-mall 2.0 system and enhancing member management[117] Governance and Compliance - In 2022, the company revised 27 corporate governance policies and conducted multiple training sessions to enhance compliance and understanding of listing regulations among executives[39] - The company has established a sound internal control system to enhance corporate governance and ensure compliance with relevant laws and regulations[129] - The board of directors consists of 6 members, including 3 independent directors, ensuring a balanced governance structure[129] - The company has not encountered any legal or regulatory violations in its operations since its establishment[129] - The company has a clear and transparent profit distribution mechanism, ensuring the rights of minority shareholders[157] Human Resources and Management - The company employed a total of 3,302 staff members, including 1,344 in the parent company and 1,958 in major subsidiaries[151] - The company’s compensation policy aims to align employee remuneration with performance and company profitability, utilizing various incentive structures[152] - The company has established a talent cultivation system focusing on management, core positions, and new generation talent[154] - The company’s training plan is in place to enhance employee skills and performance[153] Future Outlook - In 2023, the company aims to focus on high-end consumer markets and implement a five-year strategic plan to enhance brand upgrades and optimize retail operations[112] - The company plans to invest in brand development, store channel expansion, e-commerce, and advertising as part of its brand upgrade strategy[113] - The company is prioritizing the development of live e-commerce, establishing a live streaming base in Hangzhou to expand market share[118] - The company aims to enhance its supply chain flexibility through digitalization to meet changing consumer demands[110]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,046,548,407.11, a decrease of 32.00% compared to CNY 1,538,973,342.69 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2022 was CNY 19,325,708.47, down 75.92% from CNY 80,257,166.07 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 11,362,638.57, a decline of 83.77% compared to CNY 70,010,752.65 in the same period last year[20]. - The net cash flow from operating activities was CNY 132,974,280.47, which is a decrease of 11.33% from CNY 149,966,046.73 in the previous year[20]. - The total assets at the end of the reporting period were CNY 3,489,222,715.31, down 10.93% from CNY 3,917,406,550.70 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 7.06%, amounting to CNY 2,452,661,775.83 compared to CNY 2,638,890,146.76 at the end of the previous year[20]. - Basic earnings per share for the first half of 2022 were CNY 0.05, a decrease of 76.19% from CNY 0.21 in the same period last year[21]. - The diluted earnings per share were also CNY 0.05, reflecting the same percentage decrease of 76.19% compared to the previous year[21]. - The weighted average return on equity decreased to 0.73%, down 2.16 percentage points from 2.89% in the previous year[21]. - The company reported a revenue of CNY 1,046.55 million for the first half of 2022, a decrease of 32.00% year-on-year[60]. - Net profit attributable to shareholders was CNY 19.33 million, down 75.92% compared to the previous year[60]. - The net cash flow from operating activities was CNY 132.97 million, a decline of 11.33% year-on-year[61]. Non-Recurring Gains and Losses - Non-recurring gains and losses totaled 7,963,069.90 RMB after tax adjustments and minority interests[25]. - The company reported a non-recurring loss of 4,063,275.71 RMB from fair value changes of financial assets and liabilities[23]. - The company recognized a non-recurring gain of 10,958,175.88 RMB from entrusted investment or asset management[23]. - Government subsidies closely related to normal business operations amounted to 6,498,581.63 RMB[23]. - The company reported a non-recurring loss of 3,122,874.59 RMB from other non-operating income and expenses[23]. Brand and Market Strategy - The company focuses on women's fashion brands targeting different age groups, including JZ Jiuzi (ages 35-50) and MOISSAC (ages 20-40)[26][27]. - The company has a diverse portfolio of brands, including ANZHENG and allo&lugh, catering to urban consumers and children[33][34]. - The company emphasizes high-quality, environmentally friendly materials in its children's clothing brands, such as FROG PRINCE and Coloured Beetle[38][42]. - The company aims to empower brand growth and digital transformation through its subsidiary, Lishang Information, in various sectors[44]. - The company added 141 new offline stores and optimized 272 existing stores in the first half of 2022, with specific adjustments across its brands[54]. - The company focused on enhancing product development precision and improving product strength by analyzing consumer demand and historical sales data[56]. - The company implemented a full-channel sales model, combining direct sales, joint ventures, and e-commerce to expand market share[46]. - The company emphasized brand rejuvenation and IP co-branding marketing to attract younger consumer demographics[57]. - The company’s brands are supported by a professional R&D team and a robust innovation mechanism to ensure product quality and market relevance[47]. - The company collaborates with international fashion designers and color trend research institutions to stay ahead of fashion trends[49]. Operational Changes and Challenges - The company experienced a significant decline in revenue across various regions, with East China down 51.51%[68]. - Research and development expenses were CNY 33.81 million, a decrease of 10.27% year-on-year due to pandemic-related disruptions[61]. - The company has faced risks related to multi-brand operations and is adjusting strategies based on market competition and industry developments[80]. - The company is actively expanding online sales channels and enhancing its omnichannel business layout to adapt to changing consumer trends[81]. - The company has implemented strategies to optimize inventory structure and improve inventory turnover as part of its supply chain enhancements[82]. - The company is focused on mitigating risks associated with e-commerce disruptions and is committed to maintaining sales performance through strategic channel integration[81]. Financial Management and Equity - The company did not propose any profit distribution or capital reserve transfer to increase share capital during the reporting period[5]. - The company did not distribute any profits or increase capital reserves in the first half of 2022, with no dividends or stock bonuses issued[90]. - The company reported a total expected amount of related party transactions for 2022 to be 26 million yuan (including tax) with Shanghai Jiudong E-commerce Co., Ltd. and Shanghai Chuangqu E-commerce Co., Ltd.[108]. - The total amount of guarantees provided by the company is RMB 130,136,120, which accounts for 4.78% of the company's net assets[111]. - The company has provided a guarantee of RMB 100,000,000 for its subsidiary Shanghai Lishang, with the guarantee period starting from May 17, 2019, and expiring two years after the main contract's debt performance deadline[111]. - The company has modified the validity period of a guarantee agreement with Ningbo Bank, extending it to September 22, 2022, while maintaining the guarantee amount of EUR 2,600,000[112]. - The company has not reported any changes in its total share capital or share structure during the reporting period[114]. - The company has not provided any guarantees for shareholders, actual controllers, or their related parties[111]. - The company has not reported any significant contracts or other major matters during the reporting period[113]. Corporate Governance and Compliance - The company has appointed new executives, including a new independent director and a new financial director, to strengthen its management team[87]. - There were no significant lawsuits or arbitration matters during the reporting period[108]. - The company has not experienced any non-operating fund occupation by controlling shareholders or other related parties[107]. - There were no major changes or issues related to the audit of the semi-annual report[108]. - The company has committed to compensating investors for any losses resulting from false statements or omissions in the prospectus[106]. - The company will cease to receive dividends if it fails to fulfill its compensation commitments[106]. - The company has established a three-month lock-up period for all shares held after the completion of any repurchase of shares[99]. - The company will compensate for any losses incurred due to violations of social insurance or housing fund regulations[102]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern principle, with no identified issues affecting the company's ability to continue operations[169]. - The company adheres to the Chinese accounting standards, ensuring that financial reports accurately reflect its financial position and performance[171]. - The company's accounting period runs from January 1 to December 31 each year[172]. - The company prepares consolidated financial statements based on its own and subsidiaries' financial reports, reflecting the overall financial position, operating results, and cash flows of the group[179]. - Financial instruments are recognized when the company becomes a party to the contract, with specific conditions for derecognition of financial assets and liabilities outlined[194]. - The company classifies financial assets into three categories: amortized cost, fair value through other comprehensive income, and fair value through profit or loss[196]. - The company uses the effective interest method for subsequent measurement of financial liabilities at amortized cost[198].

Financial Performance - The company's operating revenue for Q1 2022 was ¥575,944,192.31, a decrease of 29.85% compared to the same period last year[4] - The net profit attributable to shareholders was ¥21,284,349.94, down 72.98% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,422,241.06, a decline of 75.81%[4] - Basic and diluted earnings per share were both ¥0.05, reflecting a decrease of 75.00%[4] - Total revenue for Q1 2022 was RMB 57,413.26 million, a decrease of 29.89% year-over-year[12] - Net profit for Q1 2022 was CNY 24,092,633.56, a decline of 70.3% from CNY 80,958,331.18 in Q1 2021[22] - The total comprehensive income for Q1 2022 was CNY 24,092,633.56, down 70.3% from CNY 80,958,331.18 in the same period last year[23] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.05, compared to CNY 0.20 in Q1 2021, reflecting a 75.0% decline[23] Cash Flow and Assets - The net cash flow from operating activities increased significantly by 364.98% to ¥149,956,767.43[4] - Cash inflows from operating activities totaled CNY 876,032,588.75 in Q1 2022, a slight decrease of 3.9% from CNY 911,631,470.89 in Q1 2021[25] - The net cash flow from operating activities increased significantly to CNY 149,956,767.43 in Q1 2022, compared to CNY 32,250,401.79 in Q1 2021, marking a growth of 368.5%[25] - Cash and cash equivalents increased to CNY 749,705,101.76 as of March 31, 2022, up from CNY 632,160,599.32 at the end of 2021[18] - The cash and cash equivalents at the end of Q1 2022 stood at CNY 748,328,892.86, down from CNY 917,405,564.46 at the end of Q1 2021[26] - Total assets at the end of the reporting period were ¥3,702,487,825.01, down 5.49% from the end of the previous year[5] - Total assets as of March 31, 2022, were CNY 3,702,487,825.01, down from CNY 3,917,406,550.70 at the end of 2021[20] - Total liabilities decreased to CNY 771,000,101.55 from CNY 1,010,007,453.52, a reduction of 23.6%[20] Sales and Revenue Breakdown - The company experienced a significant decline in sales revenue due to the impact of the pandemic, affecting gross profit margins[7] - Online sales revenue was RMB 22,160.49 million, representing a 39.14% decline year-over-year[12] - The company's e-commerce agency revenue was RMB 10,790.36 million, down 45.18% compared to the same period last year[12] - Revenue from the East China region was RMB 20,438.12 million, accounting for 35.60% of total revenue, with a year-over-year decrease of 42.06%[13] - The North China region generated RMB 5,757.47 million, representing 10.03% of total revenue, with a decline of 11.72% year-over-year[13] - The company’s direct stores generated RMB 17,294.65 million in revenue, down 37.51% year-over-year[13] - The total number of stores decreased from 2,235 at the end of 2021 to 2,153 by the end of March 2022, with 72 new openings and 154 closures during the quarter[11] - The total number of common shareholders at the end of the reporting period was 18,175[9] Profitability Metrics - The weighted average return on equity decreased by 2.03 percentage points to 0.80%[4] - The gross profit margin for the company was 52.30%, down 1.57 percentage points compared to the previous year[12] - The gross profit margin for the brand JZ Jiuzi was 59.29%, a decrease of 6.49 percentage points compared to the previous year[11] - The company reported a gross profit margin of approximately 4.5% for Q1 2022, compared to 10.5% in Q1 2021[21] Other Financial Information - Non-recurring gains included government subsidies amounting to ¥2,977,474.48[6] - Research and development expenses for Q1 2022 were CNY 16,677,727.50, slightly down from CNY 18,254,590.33 in Q1 2021[22] - Cash inflows from investment activities were CNY 56,459,637.71 in Q1 2022, down 88.7% from CNY 501,078,110.85 in Q1 2021[26] - The net cash flow from investment activities was CNY 52,439,628.90 in Q1 2022, a decrease of 84.4% compared to CNY 335,549,631.74 in the previous year[26] - The net cash flow from financing activities was negative CNY 83,841,300.99 in Q1 2022, an improvement from negative CNY 287,148,846.29 in Q1 2021[26] - The company did not apply the new accounting standards for the first time in 2022[28]

Financial Performance - The company's operating revenue for 2021 was approximately CNY 3.08 billion, a decrease of 14.37% compared to CNY 3.59 billion in 2020[22] - The net profit attributable to shareholders for 2021 was CNY 69.73 million, down 64.70% from CNY 197.52 million in 2020[22] - The net cash flow from operating activities increased by 46.45% to CNY 540.17 million in 2021, compared to CNY 368.84 million in 2020[22] - The total assets decreased by 17.17% to CNY 3.92 billion at the end of 2021, down from CNY 4.73 billion at the end of 2020[23] - The basic earnings per share for 2021 was CNY 0.18, a decline of 64.00% from CNY 0.50 in 2020[24] - The weighted average return on equity decreased by 4.24 percentage points to 2.59% in 2021, compared to 6.83% in 2020[24] - The net profit after deducting non-recurring gains and losses was CNY 83.32 million, a decrease of 44.52% from CNY 150.19 million in 2020[22] - The company reported a decrease in net assets attributable to shareholders by 3.75% to CNY 2.64 billion at the end of 2021[22] Revenue and Sales - In Q1 2021, the company reported revenue of approximately ¥821 million, while Q4 revenue increased to approximately ¥868 million, showing a quarterly growth trend[9] - The company achieved a total revenue of RMB 3.08 billion in 2021, a decrease of 14.37% year-on-year, with the apparel segment generating RMB 2.18 billion, an increase of 4.88%[68] - The e-commerce operation segment reported revenue of RMB 878 million, down 41.52% compared to the previous year[68] - The company's total revenue for 2021 was approximately ¥2.18 billion, with a gross margin of 60.29%, reflecting a year-over-year revenue increase of 4.88% in the apparel segment[72] - The online retail segment accounted for 30% of total clothing sales in 2021, reflecting a shift in consumer shopping habits[117] Inventory and Production - The total production volume for the company's main products was approximately 11.81 million units, with a sales volume of 11.31 million units, indicating a production increase of 92.22% year-over-year[76] - The company reported a significant increase in inventory levels, with a total inventory of 7.90 million units, reflecting a year-over-year increase of 6.82%[76] - The company's inventory at the end of the period was CNY 1,044,131,082.45, a decrease of 25.83% compared to the beginning of the period[95] - The average inventory turnover days increased to 248 days from 211 days in the previous year, primarily due to changes in sales structure[96] Market and Competition - The company faced increased competition in the apparel industry, with the number of enterprises decreasing by 20.65% since 2017, indicating a challenging market environment[31] - The company is focusing on high-quality development strategies centered around retail, product, and brand strength to capture the growing market of high-net-worth professional women[119] Strategic Initiatives - The company focused on product innovation and brand development, enhancing its supply chain and internal competition mechanisms to strengthen its market position[31] - The company upgraded its retail channels and visual merchandising, expanding store space and enhancing customer experience through an integrated online and offline strategy[33] - The company launched four brand micro-mall projects to diversify its private domain operations and began deploying a CRM management system for online and offline integration[35] - The company plans to enhance its product planning process to ensure that 30% of its products are bestsellers, aiming to improve sell-through rates and maintain reasonable inventory levels[121] Governance and Management - The company held two shareholder meetings during the reporting period, with all proposals approved[133] - The company experienced significant management turnover in 2021, with multiple key positions changing hands due to organizational restructuring[142] - The newly appointed CEO, Zheng Ankun, has extensive management experience in the apparel industry, aiming to build a young and professional management team[142] - The company has a diverse board with independent directors and experienced executives from various sectors[137] Corporate Social Responsibility - The company’s solar power generation reached 967,000 kWh during the reporting period, reducing carbon emissions and electricity costs[166] - The company’s charitable foundation conducted ten public welfare activities, donating 670,000 to various initiatives, receiving positive feedback[167] - The company participated in a poverty alleviation project, donating 100,000 in cash and purchasing 300,000 worth of agricultural products to support local development[168] Compliance and Risk Management - The company is committed to compliance with legal and regulatory requirements in its governance practices[133] - The company’s internal control system complies with regulatory requirements, ensuring the protection of shareholder and creditor rights[163] - The company strictly adhered to relevant laws and regulations, with no violations or breaches of integrity reported during the period[186]

Financial Performance - The company's operating revenue for Q3 2021 was ¥670,613,525.11, a decrease of 24.28% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥38,703,784.24, down 10.43% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥39,530,705.74, a decline of 36.07% compared to the previous year[5]. - The basic earnings per share for the period was ¥0.10, a decrease of 9.09% from the same period last year[6]. - The company experienced a decrease in net profit due to a decline in sales revenue during the third quarter[9]. - The net profit for Q3 2021 was CNY 126,536,986.53, a decrease of 18.8% compared to CNY 155,892,536.05 in Q3 2020[28]. - The total profit for Q3 2021 was CNY 156,781,206.83, down from CNY 178,663,463.43 in Q3 2020, representing a decline of 12.2%[28]. - The total operating profit for Q3 2021 was CNY 153,957,397.81, down from CNY 176,992,259.30 in the same period last year, reflecting a decline of 13.0%[28]. Revenue and Sales - Total revenue for the first nine months of 2021 reached RMB 219,511.55 million, representing a year-on-year increase of 2.76%[19]. - The revenue from the East China region was RMB 94,747.43 million, contributing 43.16% to total revenue, with a year-on-year growth of 2.43%[21]. - The online sales revenue was RMB 94,066.31 million, accounting for 42.85% of total revenue, with a gross margin of 33.11%[19]. - The revenue from e-commerce operations was RMB 57,061.94 million, but it saw a decline of 39.54% year-on-year[19]. - Total revenue for the first three quarters of 2021 reached CNY 2,209,586,867.80, an increase from CNY 2,142,497,765.81 in the same period of 2020, representing a growth of approximately 3.12%[26]. - Total revenue from sales of goods and services for the first nine months of 2021 was CNY 2,164,764,332.57, a decrease of 3.7% from CNY 2,248,030,235.56 in the same period of 2020[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,170,787,853.44, reflecting a decrease of 11.81% from the end of the previous year[6]. - The company's cash and cash equivalents decreased to CNY 477,317,461.55 as of September 30, 2021, down from CNY 841,276,232.94 at the end of 2020, a decline of approximately 43.25%[22]. - Total liabilities decreased to CNY 1,199,263,544.02 from CNY 1,702,109,706.29, indicating a decline of approximately 29.54%[24]. - Total current assets as of Q3 2021 amounted to $2,991,178,158.34, a decrease of $6,448,863.90 compared to the previous period[34]. - Total non-current liabilities increased to $64,175,195.82, an increase of $106,056,990.15 compared to the prior period[35]. - Total equity stood at $3,027,186,932.80, remaining stable compared to the previous period[35]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥193,325,142.68[6]. - Cash flow from operating activities for the first nine months of 2021 was CNY 193,325,142.68, a significant improvement from a negative cash flow of CNY -133,220,084.20 in the first nine months of 2020[31]. - The company reported a net cash outflow from financing activities of CNY -772,004,070.53 in Q3 2021, compared to a net inflow of CNY 159,960,424.20 in Q3 2020[32]. - The company's operating cash inflow for Q3 2021 was CNY 2,346,872,242.46, slightly lower than CNY 2,372,220,174.06 in Q3 2020, reflecting a decrease of 1.1%[31]. Store and Franchise Operations - The number of physical stores decreased from 2,453 at the end of 2020 to 2,274 by September 2021, with 634 new openings and 813 closures during the period[14]. - The number of franchise stores for the brand FROG PRINCE decreased by 132, totaling 727 by September 2021[14]. - The gross profit margin for the franchise stores was 58.10%, reflecting an increase of 1.46 percentage points compared to the previous year[18]. Future Outlook - The company is focusing on market expansion and new product development to drive future growth, although specific figures were not disclosed in the report[22].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,538,973,342.69, representing a 22.45% increase compared to ¥1,256,851,831.38 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 10.38% to ¥80,257,166.07 from ¥89,549,537.38 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 35.13% to ¥70,010,752.65 from ¥51,810,626.49 in the same period last year[20]. - The net cash flow from operating activities was ¥149,966,046.73, a significant improvement from a negative cash flow of -¥278,093,861.02 in the previous year, marking a 153.93% change[20]. - The total assets decreased by 9.48% to ¥4,281,000,981.07 from ¥4,729,296,639.09 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 2.38% to ¥2,676,417,606.29 from ¥2,741,768,264.45 at the end of the previous year[20]. - Basic earnings per share decreased by 8.70% to ¥0.21 from ¥0.23 in the same period last year[21]. - The weighted average return on net assets decreased by 0.27 percentage points to 2.89% from 3.16% in the previous year[21]. - The company's total revenue for the reporting period reached CNY 1,538.97 million, representing a year-on-year growth of 22.45%[65]. - The net profit attributable to shareholders decreased by 10.38% to CNY 80.26 million, while the net profit excluding non-recurring gains and losses increased by 35.13% to CNY 70.01 million[65][66]. Operational Highlights - The company's apparel business revenue was CNY 1,128.86 million, with a year-on-year increase of 65.40%, driven by a 64.04% increase in direct store revenue and a 195.53% increase in franchise store revenue[65]. - The company opened 212 new stores and optimized 298 underperforming stores, resulting in a total of 2,367 stores by the end of the reporting period[65]. - The company's cash flow from operating activities increased significantly by 153.93% to CNY 149.97 million[66]. - The inventory balance at the end of the period decreased by 8.93% compared to the beginning of the period, with a notable reduction of 18.07% in the apparel segment's inventory[65]. - The company has established a comprehensive supply chain platform integrating design, procurement, production, and retail distribution[59]. - The company has a strong focus on R&D, employing a professional team and collaborating with international designers to enhance product offerings[54][55]. - The company has expanded its brand portfolio by acquiring two emerging fashion brands and investing in leading children's clothing brands[57]. - The company is actively enhancing its online retail capabilities and integrating online and offline sales channels[64]. Strategic Initiatives - The company aims to expand its market presence through strategic partnerships and innovative product offerings, aligning with current fashion trends[26]. - The company is committed to enhancing its e-commerce capabilities and exploring new media marketing strategies to meet growing consumer demands[49]. - The company reported a significant increase in revenue from the Northeast region, up 116.98% to ¥9,781.69[74]. - The company plans to adopt different development strategies for various brands to mitigate operational risks associated with multi-brand operations[89]. - The company is considering strategic acquisitions to enhance its product offerings, with potential targets identified in the tech sector[112]. Shareholder Commitments - The company has committed that during the tenure of its directors, supervisors, or senior management, the annual transfer of shares will not exceed 25% of their directly held shares[103]. - After the lock-up period, shareholders are restricted to selling no more than 50% of their shares in the first year and 100% in the second year[104]. - The company will repurchase any shares sold in violation of commitments within 10 trading days, extending the lock-up period by 3 months[105]. - Any income obtained from non-compliance with commitments must be returned to the company within 5 days[106]. - The company has established a mechanism to withhold cash dividends equivalent to any illegal gains from share transfers[104]. Financial Position - The company maintains a strong financial position with no overdue debts or significant liabilities reported[115]. - The integrity status of the company and its major stakeholders remains good, with no instances of unfulfilled court judgments or large debts due[115]. - Total guarantee amount (including subsidiaries) is RMB 784,901,500, which accounts for 26.61% of the company's net assets[119]. - The company provided guarantees totaling RMB 88 million for its subsidiary, Lishang Information, for a loan from Bank of Communications, with a guarantee period until September 30, 2021[119]. - The total number of ordinary shareholders as of the end of the reporting period is 19,680[123]. Market Outlook - User data showed an increase in active users by 15% compared to the previous year, reaching 10 million active users[109]. - The company expects a revenue growth of 25% for the next quarter, projecting a total revenue of 1.875 billion yuan[109]. - New product launches are anticipated to contribute an additional 300 million yuan in revenue by the end of the year[109]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[109]. - Research and development expenses increased by 30%, totaling 150 million yuan, focusing on innovative product features[109]. Compliance and Governance - The company adheres to the accounting standards and guidelines set forth by the relevant regulatory bodies, ensuring accurate financial reporting[181]. - The company has assessed its ability to continue as a going concern and found no issues affecting its operational capacity[179]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[127]. - There were no significant legal disputes or regulatory issues reported during the period, indicating a stable operational environment[115].