证券代码：603877 证券简称：太平鸟 公告编号：2025-045 债券代码：113627 债券简称：太平转债 宁波太平鸟时尚服饰股份有限公司 关于部分股票期权注销完成的公告 公司已向中国证券登记结算有限责任公司上海分公司递交了本次注销相关申请，经中国证券登记结算有 限责任公司上海分公司审核确认，上述7,056,500份股票期权注销事宜已于2025年5月30日办理完毕。本 次注销不会影响公司的股本结构。 特此公告。 宁波太平鸟时尚服饰股份有限公司董事会 2025年5月31日 证券代码：603877 证券简称：太平鸟 公告编号：2025-044 债券代码：113627 债券简称：太平转债 关于2024年股票期权与限制性 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。 2025年4月22日，宁波太平鸟时尚服饰股份有限公司（以下简称"公司"）召开2024年年度股东大会审议 通过了《关于注销部分股票期权及回购注销部分限制性股票的议案》，同意对17名已离职激励对象持有 的股票期权和其余116名激励对象持有的第一个行权期的股票期权7,0 ...

Group 1 - The company has approved the 2024 stock option and restricted stock incentive plan, which includes the draft and management measures [1][2] - The incentive plan's object list was publicly announced, and no objections were raised during the public notice period [2] - The first extraordinary shareholders' meeting of 2024 approved the incentive plan, granting the board the authority to determine the grant dates for stock options and restricted stocks [2][3] Group 2 - The company completed the initial registration of stock options on July 15, 2024, with a total of 18.071 million options granted [3] - The company also announced the grant of 3.3531 million restricted stocks on July 19, 2024 [3] - On March 27, 2025, the company approved the cancellation of stock options and repurchase of restricted stocks held by certain departed incentive objects [4] Group 3 - The reserved rights for 1.569 million stock options have expired as the company did not identify the incentive objects within 12 months after the plan's approval [5]

宁波太平鸟时尚服饰股份有限公司 关于部分股票期权注销完成的公告 | 证券代码：603877 | 证券简称：太平鸟 | 公告编号：2025-045 | | --- | --- | --- | | 债券代码：113627 | 债券简称：太平转债 | | 2025 年 4 月 22 日，宁波太平鸟时尚服饰股份有限公司（以下简称"公司"） 召开 2024 年年度股东大会审议通过了《关于注销部分股票期权及回购注销部分限 制性股票的议案》，同意对 17 名已离职激励对象持有的股票期权和其余 116 名激 励对象持有的第一个行权期的股票期权 7,056,500 份进行注销。具体内容详见公司 披露于上海证券交易所网站（www.sse.com.cn）及指定媒体的《关于注销部分股票 期权及回购注销部分限制性股票的公告》（公告编号：2025-026）、《2024 年年 度股东大会决议公告》（公告编号：2025-033）。 公司已向中国证券登记结算有限责任公司上海分公司递交了本次注销相关申 请，经中国证券登记结算有限责任公司上海分公司审核确认，上述 7,056,500 份股 票期权注销事宜已于 2025 年 5 月 30 日办理完毕 ...

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。 证券代码：603877 证券简称：太平鸟 公告编号：2025-044 债券代码：113627 债券简称：太平转债 一、本激励计划已履行的相关程序 （一）2024 年 5 月 6 日，宁波太平鸟时尚服饰股份有限公司（以下简称"公 司"）召开第四届董事会第二十四次会议，审议通过了《关于<宁波太平鸟时尚服 饰股份有限公司 2024 年股票期权与限制性股票激励计划（草案）>及其摘要的议 案》和《关于<宁波太平鸟时尚服饰股份有限公司 2024 年股票期权与限制性股票 激励计划实施考核管理办法>的议案》。同日公司召开第四届监事会第十九次会议， 审议通过了前述议案及《关于核查<宁波太平鸟时尚服饰股份有限公司 2024 年股 票期权与限制性股票激励计划激励对象名单>的议案》。 （二）公司已在内部对激励对象名单进行了公示，公示期自 2024 年 5 月 10 日起至 2024 年 5 月 20 日。截至公示期满，公司监事会未收到任何员工对本次拟 激励对象提出的异议。此外，监事会对本激励计划激励对象 ...

Core Viewpoint - Ningbo Peacebird Fashion Co., Ltd. maintains a long-term credit rating of AA with a stable outlook, reflecting its competitive advantages in brand recognition, supply chain management, and digital transformation despite recent revenue declines due to intensified market competition and climate impacts [1][3][4]. Company Overview - The company, established in 2001, operates in the fashion retail sector with four main product lines: PB Women's, PB Men's, LEDiN, and mini peace [11]. - As of March 2025, the company has a registered capital of 477 million yuan and is publicly listed on the Shanghai Stock Exchange [11]. Financial Performance - For 2024, the company reported total revenue of 6.802 billion yuan, a decrease of 12.70% year-on-year, and a profit of 379 million yuan, down 34.74% [12][18]. - As of the end of 2024, the company's total assets were 8.424 billion yuan, with cash assets amounting to 2.515 billion yuan, representing 29.86% of total assets [5][12]. - The company’s gross profit margin remained stable despite revenue declines, with a slight increase in gross margins for certain product lines [18]. Market Environment - The fashion retail industry is experiencing heightened competition, exacerbated by climate changes affecting sales, particularly in winter apparel [5][15]. - The company has been optimizing its sales channels, resulting in a reduction of physical store numbers while facing challenges in online sales [5][18]. Operational Strategy - The company employs a multi-brand strategy and leverages data-driven approaches to enhance supply chain efficiency and product design accuracy [4][15]. - Digital transformation initiatives, including the implementation of SAP, have improved operational efficiency and data management [15][16]. Debt and Credit Rating - The company’s debt levels are manageable, with a total debt of 1.565 billion yuan as of 2024, and it has maintained a good debt repayment record [4][12]. - The "Taiping Convertible Bonds" have a credit rating of AA, with provisions that may enhance the company's ability to manage its debt load in the future [4][12]. Future Outlook - The company is expected to improve its operational performance through further optimization of sales channels and potential increases in product sales volume [4][5]. - Sensitivity factors that could lead to rating adjustments include significant improvements in sales volume and effective channel optimization [4].

Core Viewpoint - The credit rating for Ningbo Taiping Bird Fashion Co., Ltd. remains stable with a long-term issuer rating of "AA" and a bond rating of "AA" for the "Taiping Convertible Bond" [1][2]. Group 1 - The previous issuer rating was "AA" and the bond rating was "AA" with a stable outlook [1]. - The current issuer rating is "AA" and the bond rating is "AA" with a stable outlook, indicating no change from the previous rating [2]. - The credit rating agency, United Credit Ratings Co., Ltd., conducted a comprehensive analysis of the company's operational status and industry conditions [2].

宁波太平鸟时尚服饰股份有限公司 关于"太平转债"2025 年跟踪评级结果的公告 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： 根据中国证券监督管理委员会《上市公司证券发行注册管理办法》《公司债券 发行与交易管理办法》和《上海证券交易所股票上市规则》等有关规定，宁波太平 鸟时尚服饰股份有限公司（以下简称"公司"）委托信用评级机构联合资信评估股 份有限公司（以下简称"联合资信"）对公司 2021 年发行的"太平转债"进行了跟 踪信用评级。 | 证券代码：603877 | 证券简称：太平鸟 | 公告编号：2025-043 | | --- | --- | --- | | 债券代码：113627 | 债券简称：太平转债 | | 公司前次主体长期信用等级为"AA"，"太平转债"前次信用等级为"AA"，评 级展望为"稳定"，评级机构为联合资信，评级时间为 2024 年 5 月 17 日。 评级机构联合资信在对公司经营状况、行业情况进行综合分析与评估的基础上， 于 2025 年 5 月 26 日出具了《宁波太平鸟时尚服饰股份 ...

宁波太平鸟时尚服饰股份有限公司 2025 年跟踪评级报告 1 www.lhratings.com 联合〔2025〕2630 号 联合资信评估股份有限公司通过对宁波太平鸟时尚服饰股份有 限公司主体及其相关债券的信用状况进行跟踪分析和评估，确定维 持宁波太平鸟时尚服饰股份有限公司主体长期信用等级为 AA，维 持"太平转债"信用等级为 AA，评级展望为稳定。 特此公告 联合资信评估股份有限公司 评级总监： 二〇二五年五月二十六日 声 明 一、本报告是联合资信基于评级方法和评级程序得出的截至发表之日的 独立意见陈述，未受任何机构或个人影响。评级结论及相关分析为联合资信 基于相关信息和资料对评级对象所发表的前瞻性观点，而非对评级对象的事 实陈述或鉴证意见。联合资信有充分理由保证所出具的评级报告遵循了真 实、客观、公正的原则。鉴于信用评级工作特性及受客观条件影响，本报告 在资料信息获取、评级方法与模型、未来事项预测评估等方面存在局限性。 二、本报告系联合资信接受宁波太平鸟时尚服饰股份有限公司（以下简 称"该公司"）委托所出具，除因本次评级事项联合资信与该公司构成评级 委托关系外，联合资信、评级人员与该公司不存在任何影响评 ...

Summary of Key Points Core Viewpoint - The company has provided a guarantee for its wholly-owned subsidiary, Ningbo Taiping Bird Fashion Co., Ltd., amounting to a total of 550 million yuan to support its operational funding needs [2][5]. Group 1: Guarantee Details - The total guarantee amount provided by the company for the subsidiary is 550 million yuan, with no existing counter-guarantees [2][3]. - The company has signed guarantee contracts with several banks, including: - 250 million yuan with Bank of China [5] - 100 million yuan with China CITIC Bank [5] - 100 million yuan with China Everbright Bank [5] - 100 million yuan with Ningbo Bank [5] - The company has no overdue external guarantees as of the announcement date [4][9]. Group 2: Financial Capacity and Approval - As of the announcement date, the company has a total external guarantee amount of 1 billion yuan, which is 22.20% of its latest audited net assets, with an actual guarantee balance of 550 million yuan, representing 12.21% of the net assets [9]. - The board of directors approved the financing guarantee for the subsidiary during meetings held on March 27, 2025, and April 22, 2025 [6][9]. Group 3: Subsidiary Information - Ningbo Taiping Bird Fashion Co., Ltd. is a wholly-owned subsidiary of the company, established on July 21, 2010, with a registered capital of 95 million yuan [7]. - The subsidiary's business scope includes retail and wholesale of clothing and accessories, among other activities [7][8].

| 证券代码：603877 | 证券简称：太平鸟 | 公告编号：2025-042 | | --- | --- | --- | | 债券代码：113627 | 债券简称：太平转债 | | 宁波太平鸟时尚服饰股份有限公司 关于为全资子公司提供担保的进展公告 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： 一、 担保情况概述 为满足全资子公司风尚服饰的日常经营发展资金需要，近日公司与中国银行股 份有限公司宁波市海曙支行签署了《最高额保证合同》，以连带责任保证方式提供 最高额保证，担保金额为 25,000 万元；与交通银行股份有限公司宁波海曙支行签 署了《保证合同》,以连带责任保证方式提供最高额保证，担保金额为 10,000 万元； 与中信银行股份有限公司宁波分行签署了《最高额保证合同》,以连带责任保证方 式提供最高额保证，担保金额为 10,000 万元；与宁波银行股份有限公司湖东支行 签署了《最高额保证合同》,以连带责任保证方式提供最高额保证，担保金额为 10,000 万元。公司原与宁波银行股份有限公司湖东支行签署的 ...