证券代码：603958 证券简称：哈森股份 公告编号：2023-039 哈森商贸（中国）股份有限公司 关于回购注销 2021 年限制性股票激励计划 部分限制性股票的公告 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。 哈森商贸（中国）股份有限公司（以下简称"公司"）于 2023 年 8 月 25 日召 开第四届董事会第二十二次会议及第四届监事会第十七次会议，审议通过了《关 于回购注销 2021 年限制性股票激励计划部分限制性股票的议案》。鉴于《哈森商 贸（中国）股份有限公司 2021 年限制性股票激励计划（修订稿）》（以下简称"激 励计划"）授予限制性股票的激励对象中的 3 名激励对象已经离职，公司拟对该 3 名激励对象已获授但尚未解除限售的 152,500 股限制性股票进行回购注销，回购 价格为授予价格加上银行同期活期存款利息。现将具体事项公告如下： 一、激励计划已履行的相关审批程序 1、2021 年 10 月 15 日，公司召开第四届董事会第六次会议，审议通过了《关 于<哈森商贸（中国）股份有限公司 2021 年限制性股票 ...

证券代码：603958 证券简称：哈森股份 公告编号：2023-041 哈森商贸（中国）股份有限公司 关于召开 2023 年半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： 哈森商贸（中国）股份有限公司（以下简称"公司"）已于 2023 年 8 月 29 日发布公司 2023 年半年度报告，为便于广大投资者更全面 深入地了解公司 2023 年半年度经营成果、财务状况，公司计划于 2023 年 09 月 13 日 上午 10:00-11:00 举行 2023 年半年度业绩说明会， 就投资者关心的问题进行交流。 （一） 会议召开时间：2023 年 09 月 13 日 上午 10:00-11:00 一、 说明会类型 会议召开时间：2023 年 09 月 13 日(星期三) 上午 10:00-11:00 会议召开地点：上海证券交易所上证路演中心（网址： 本次投资者说明会以网络互动形式召开，公司将针对 2023 年半 年度的经营成果及财务指标的具体情况与投资者进行互动交流和沟 通，在信息披露允许的范 ...

证券代码：603958 证券简称：哈森股份 公告编号：2023-035 哈森商贸（中国）股份有限公司 2023 年半年度主要经营数据的公告 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。 哈森商贸（中国）股份有限公司（以下简称"公司"）根据《上海证券交易 所上市公司自律监管指引第 3 号行业信息披露：第十号——服装》的相关规定， 现将 2023 年半年度主要经营数据（未经审计）公告如下： | 项目 | 本期新开 | 本期关闭 | 本期净减少 | 期末店铺数量 | | --- | --- | --- | --- | --- | | | （家） | （家） | （家） | （家） | | 直营店铺合计 | 32 | 99 | 67 | 900 | | 其中：哈森 | 3 | 43 | 40 | 384 | | 卡迪娜 | 4 | 23 | 19 | 120 | | 诺贝达 | 1 | 7 | 6 | 109 | | 派高雁 | 7 | 4 | -3 | 153 | | 其他品牌 | 17 | 22 | 5 | 134 | | 经销 ...

୶䍨˄ѝഭ˅㛑ԭᴹ䲀ޜਨ⤜・㪓һ ሩޜਨㅜഋቺ㪓һՊㅜҼॱҼ⅑Պ䇞ޣһ亩Ⲵ⤜・㿱 ṩᦞѝഭ䇱ⴁՊljкᐲޜਨ⤜・㪓һ㿴ࡉNJǃljкᐲޜਨ⋫⨶߶ࡉNJǃljޜਨㄐ 〻NJǃljޜਨ⤜・㪓һᐕࡦᓖNJㅹᴹޣ㿴ᇊˈᡁԜѪ୶䍨˄ѝഭ˅㛑ԭᴹ 䲀ޜਨ˄ԕлㆰ〠Āޜਨā˅Ⲵ⤜・㪓һˈሩޜਨㅜഋቺ㪓һՊㅜҼॱҼ⅑Պ䇞 ᇑ䇞Ⲵޣһ亩ᵜ⵰䇔ⵏ䍏䍓Ⲵᘱᓖˈ൘Ҷ䀓ޣᛵߥⲴสкˈ㓿䗷ᇑ㘳 㲁ˈสҾ⤜・ࡔˈᯝਁ㺘⤜・㿱ྲл˖ (343 徐西华 刘 ṩᦞlj୶䍨˄ѝഭ˅㛑ԭᴹ䲀ޜਨ ᒤ䲀ࡦᙗ㛑⾘◰࣡䇑ࡂ˄؞䇒は˅NJ Āㅜॱйㄐ䲀ࡦᙗ㛑⾘Ⲵഎ䍝⌘䬰ࡉāⲴᴹޣ㿴ᇊDŽᡁԜа㠤䇔Ѫˈޜਨᵜ⅑ എ䍝⌘䬰䜘࠶◰࣡ሩ䊑ᐢᦸҸնቊᵚ䀓䲔䲀Ⲵ䲀ࡦᙗ㛑⾘Ⲵ㹼Ѫㅖਸljкᐲޜ ਨ㛑ᵳ◰࣡⨶㇑࣎⌅NJ৺◰࣡䇑ࡂⲴޣ㿴ᇊˈᇑṨ〻ᒿਸ⌅ਸ㿴ˈнᆈ൘ᦏᇣ ޜਨ৺ޘփ㛑ь࡙⳺ⲴᛵᖒˈнՊሩޜਨ䍒࣑⣦ߥ઼㓿㩕ъ㔙ӗ⭏ᖡ૽DŽᡁԜ਼ ޜਨᇎᯭк䘠䲀ࡦᙗ㛑⾘Ⲵഎ䍝⌘䬰ᐕDŽ （本页无正文，为哈森商贸（中国）股份有限公司独立董事对公司第四届董事会第二十 二次会议相关事项的独立意见之签字页) 独立董事: NA Jic x | th аǃޣҾޜਨ ᒤॺᒤᓖए䳶䍴䠁ᆈ᭮оᇎ䱵 ...

证券代码：603958 证券简称：哈森股份 公告编号：2023-026 一、 说明会类型 哈森商贸（中国）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： http://roadshow.sseinfo.com/） 哈森商贸（中国）股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 日发布公司 2022 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 05 月 16 日 上午 10:00-11:00 举行 2022 年度业绩说明会，就投资者关 心的问题进行交流。 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度 的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在 信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2023 年 05 月 16 日 上午 10:00-11:00 （二） 会议召开地点：上证路演 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥183,767,505.72, representing a decrease of 9.30% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was a loss of ¥12,173,654.07, with a basic and diluted earnings per share of -¥0.055[5] - The company reported total operating revenue of RMB 183,767,505.72 for Q1 2023, a decrease of 9.9% compared to RMB 202,605,631.94 in Q1 2022[19] - The company incurred an operating loss of RMB 9,869,838.32 in Q1 2023, an improvement from a loss of RMB 32,212,207.89 in Q1 2022[19] - The company’s net loss for Q1 2023 was RMB 9,787,273.00, compared to a net loss of RMB 32,214,381.56 in Q1 2022[19] - The net profit for Q1 2023 was -12,529,726.72 RMB, an improvement from -33,082,189.69 RMB in Q1 2022, indicating a reduction in losses by approximately 62%[20] - The basic and diluted earnings per share for Q1 2023 were both -0.055 RMB, compared to -0.149 RMB in Q1 2022, reflecting a significant decrease in loss per share[20] - The total comprehensive income for Q1 2023 was -12,529,726.72 RMB, compared to -33,082,189.69 RMB in Q1 2022, indicating a significant reduction in overall losses[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥989,084,521.52, down 4.89% from the end of the previous year[6] - The equity attributable to shareholders of the listed company decreased by 1.47% to ¥799,341,892.29 compared to the end of the previous year[6] - The company’s total liabilities decreased to RMB 186,735,538.63 as of March 31, 2023, compared to RMB 226,274,446.18 at the end of 2022[16] - Cash and cash equivalents as of March 31, 2023, were RMB 331,041,196.79, down from RMB 368,568,216.36 at the end of 2022[14] - The company’s inventory as of March 31, 2023, was RMB 322,961,201.47, down from RMB 347,140,859.45 at the end of 2022[14] - The company reported a decrease in tax expenses from 2,742,453.72 RMB in Q1 2022 to 867,808.13 RMB in Q1 2023, reflecting improved tax efficiency[20] Cash Flow - The net cash flow from operating activities was -¥4,944,957.86, indicating a cash outflow[5] - Cash flow from operating activities showed a net outflow of -4,944,957.86 RMB in Q1 2023, an improvement from -18,689,222.17 RMB in Q1 2022, indicating better cash management[23] - The company generated 280,210,717.43 RMB in cash from sales in Q1 2023, a slight decrease of 3.9% compared to 289,475,255.61 RMB in Q1 2022[23] - The net cash flow from investing activities was -47,916,114.80 RMB in Q1 2023, compared to a positive inflow of 9,377,314.24 RMB in Q1 2022, indicating increased investment expenditures[24] - Cash flow from financing activities resulted in a net inflow of 18,463,374.16 RMB in Q1 2023, contrasting with a net outflow of -2,321,127.02 RMB in Q1 2022, showing improved financing conditions[24] - The company received 1,000,000.00 RMB from minority shareholders as part of financing activities in Q1 2023[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,744[9] - The largest shareholder, Zhenxing International Co., Ltd., holds 62.57% of the shares[9] Operational Changes - The company has integrated its online business operations into its subsidiary, Dongtai Hongyu E-commerce Technology Co., Ltd., to enhance operational efficiency[11] - The company has suspended the export production business of its subsidiary, Fuzhou Zhenzhan Footwear Co., Ltd.[12] - The company’s registered capital increased to RMB 20 million after the merger of its subsidiaries[12]

Financial Performance - The net profit attributable to shareholders for 2022 was -156,180,627.56 RMB, a significant decline compared to -20,095,351.08 RMB in 2021[5]. - Total revenue for 2022 decreased by 22.64% to 765,638,672.56 RMB from 989,730,594.68 RMB in 2021[20]. - The net cash flow from operating activities was -95,425,438.44 RMB, a drastic drop from 13,274,836.10 RMB in the previous year, representing an 818.84% decrease[21]. - The total assets as of the end of 2022 were 1,039,891,981.92 RMB, down 10.44% from 1,161,169,653.15 RMB at the end of 2021[21]. - The net assets attributable to shareholders decreased by 14.98% to 811,254,372.49 RMB from 954,160,014.81 RMB in 2021[21]. - The company reported a total revenue of 765.64 million RMB in 2022, a decrease of 22.64% compared to the previous year[30]. - The net profit attributable to the parent company was -156.18 million RMB, reflecting a significant loss[30]. - Basic and diluted earnings per share were both -0.706 RMB, compared to -0.092 RMB in 2021[22]. - The weighted average return on equity decreased to -17.77%, down from -2.08% in the previous year[22]. - The total revenue for the year was CNY 760,130,790.24, a decrease of 22.84% compared to the previous year[50]. - The total net profit for the year was -156,330,749.96, a significant decline compared to -20,116,810.48 from the previous year, indicating a worsening financial performance[200]. Revenue Breakdown - Online sales contributed 24.45% of total revenue, amounting to 185.86 million RMB, while offline sales accounted for 70.74% with 537.72 million RMB[31]. - The company reported a decrease of 22.79% in revenue after excluding non-operating income, totaling 759,713,961.15 RMB in 2022[20]. - Domestic sales accounted for CNY 723.58 million, down 26.20% year-on-year, while foreign sales reached CNY 36.55 million, an increase of 672.52%[47]. - The company's domestic women's shoe revenue accounted for 83.17% of total operating income during the reporting period[39]. - The total revenue from direct stores was ¥68,593.20 million, down 25.88% year-on-year[70]. - The total revenue for the company was 76,013.08 million RMB, representing a year-over-year decrease of 22.84%[74]. Operational Changes - The company decided to suspend its export business due to reduced orders and to lower operational costs[30]. - The company optimized its offline business and streamlined personnel to improve efficiency[30]. - The number of physical stores decreased by 96, totaling 1,144 stores at the end of the reporting period, including 967 direct-operated stores and 177 franchised stores[43]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures regarding external guarantees[7]. Marketing and Sales Strategies - The company engaged in various online marketing strategies, including live streaming and social media promotions, to boost online sales[30]. - The footwear market is increasingly shifting towards online channels, with a growing emphasis on live streaming and social media marketing strategies[33]. - The company emphasizes product comfort, fashion, and personalization in response to evolving consumer preferences[34]. - The company plans to enhance its digital capabilities to improve data management and analysis, thereby increasing its core competitiveness[34]. Cost Management - The company's gross profit margin for the wholesale and retail sector was 48.71%, reflecting a decrease of 5 percentage points compared to the previous year[49]. - Research and development expenses increased by 340.91% to CNY 2.59 million, attributed to the rise in foreign sales orders[44]. - Management expenses rose by 58.85% to CNY 55.13 million, primarily due to increased severance benefits[44]. - The company reported a decrease in sales expenses to 455,395,361.67 from 491,815,715.76, suggesting cost-cutting measures in sales operations[200]. Governance and Management - The company has established a governance structure that includes a board of directors with 9 members, including 3 independent directors, ensuring compliance with legal requirements[95]. - The company has a diverse management team with extensive experience in various sectors, including finance, management, and operations[103]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 4.8773 million yuan[107]. - The company has established a cash dividend policy, aiming for a minimum of 80% cash distribution when in a mature phase without major capital expenditures[120]. Risks and Compliance - The company has outlined potential risks in its management discussion and analysis section, which investors should review[7]. - The company has established an internal control management system to ensure legal compliance and asset security, enhancing risk prevention capabilities[127]. - The company has not reported any risk findings from the supervisory board during the reporting period[114]. - The company has committed to not engaging in any business that competes with its current and future operations, ensuring no direct or indirect competition during the relevant period[136]. Inventory and Assets - The inventory at the end of the reporting period was valued at 34,714.09 million RMB, which is 33.38% of total assets, down by 2,511.73 million RMB from the previous year[75]. - The total current assets decreased from CNY 960.65 million in 2021 to CNY 856.66 million in 2022, a decline of approximately 10.8%[191]. - The cash and cash equivalents decreased from CNY 386.16 million in 2021 to CNY 368.57 million in 2022, a decrease of about 4.3%[191]. - The company's long-term equity investments decreased from CNY 284.32 million in 2021 to CNY 191.98 million in 2022, a decline of about 32.4%[191]. Shareholder Information - The largest shareholder, Zhenxing International Co., Ltd., holds 140,709,235 shares, representing 63.57% of the total shares, with a reduction of 5,917,100 shares during the reporting period[159]. - The company has a total of 200,000 restricted shares that are set to be unlocked in the second unlock period, which is tied to the performance evaluation of the incentive recipients[163]. - The total number of shares increased to 221,360,000, with 2 million shares added through the stock incentive plan[152].

2022 年第三季度报告 证券代码：603958 证券简称：哈森股份 哈森商贸（中国）股份有限公司 2022 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、监事会及董事、监事、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。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 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 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 179,385,782.21 | -5.20 | 539,932,412.82 | -18.95 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 360.55 million, a decrease of 24.41% compared to CNY 476.96 million in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was a loss of CNY 72.44 million, a significant decline from a profit of CNY 6.05 million in the previous year, representing a decrease of 1,297.66%[18]. - The net cash flow from operating activities was a negative CNY 41.89 million, worsening from a negative CNY 20.80 million in the same period last year[18]. - Basic earnings per share for the first half of 2022 were -CNY 0.33, compared to CNY 0.03 in the same period last year, reflecting a decrease of 1,200.00%[19]. - The weighted average return on equity was -7.89%, a decrease of 8.51 percentage points from 0.62% in the previous year[19]. - The company reported a total comprehensive income of -27,811,231.81 RMB for the first half of 2022, compared to 25,904,398.69 RMB in the same period of 2021[97]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1.01 billion, down 12.70% from CNY 1.16 billion at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 7.28% to CNY 884.65 million from CNY 954.16 million at the end of the previous year[19]. - The company's total liabilities decreased to CNY 101,690,915.11 in the first half of 2022 from CNY 169,166,790.54 in the same period of 2021, a reduction of 40.0%[90]. - Total current assets decreased from CNY 960,650,077.19 to CNY 826,671,455.70, a decline of approximately 13.9%[82]. - Total liabilities decreased from CNY 206,996,352.69 to CNY 129,036,786.04, a decline of about 37.7%[84]. Revenue Sources - Direct sales channels generated operating revenue of 324 million RMB, down 28.40% year-on-year, while online channels saw revenue growth of 9.20% to 90 million RMB[31]. - Revenue from self-owned brands, including HARSON and KADINA, was 292 million RMB, a decrease of 28.16%[31]. - Total revenue from sales of goods and services received was 459,344,007.29 RMB, down from 497,947,216.21 RMB in the first half of 2021, representing a decrease of approximately 7.5%[98]. Inventory and Impairment - The company reported an increase in inventory impairment provisions, which contributed to the decline in net profit due to the impact of the pandemic[20]. - The company's inventory at the end of the reporting period was valued at 321 million yuan, accounting for 31.64% of total assets, despite a 13.84% decrease from the previous year[44]. - The inventory decreased from CNY 372,258,161.58 to CNY 320,742,184.74, a reduction of approximately 13.8%[82]. Research and Development - Research and development expenses surged by 228.60% to ¥1,035,899.79, reflecting increased investment in R&D and a rise in personnel[33]. - The company employs significant accounting judgments and estimates in revenue recognition, which may impact reported revenue and expenses[122]. Shareholder Information - The company has 12,494 common shareholders as of the end of the reporting period[73]. - The largest shareholder, Zhenxing International Co., Ltd., holds 143,916,535 shares, accounting for 65.01% of the total shares[75]. - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[5]. Compliance and Governance - There were no significant lawsuits or arbitration matters during the reporting period[65]. - The company has not faced any penalties or corrective actions related to legal violations during the reporting period[65]. - The company has committed to reducing and regulating related party transactions, ensuring compliance with normal commercial practices[63]. Financial Management - The company reported a significant increase in fair value gains of 654.52%, reaching ¥1,562,844.64, attributed to floating returns from private equity investments[34]. - The company's financial expenses improved, showing a decrease to -¥2,205,587.27 from -¥2,381,423.19, indicating better management of financial costs[33]. Strategic Initiatives - The company focuses on a multi-brand strategy to meet diverse consumer needs in the mid-to-high-end shoe market[29]. - The company emphasizes digital transformation to enhance data management and analysis capabilities, improving core competitiveness[28]. - The company is actively enhancing its online sales channels to counteract the negative impacts of potential COVID-19 outbreaks on its offline store operations[45]. Accounting Policies - The financial statements prepared by the company comply with accounting standards and accurately reflect its financial position and performance[129]. - The company uses an expected credit loss model for assessing financial asset impairments, which requires significant judgment and estimation based on various economic factors[123]. - The company recognizes impairment losses for right-of-use assets based on the principles outlined in the long-term asset impairment section[193].

Financial Performance - The company's total revenue for 2021 was RMB 989,730,594.68, representing a year-over-year increase of 10.93% compared to RMB 892,184,219.26 in 2020[22]. - The net profit attributable to shareholders for 2021 was a loss of RMB 20,095,351.08, an improvement from a loss of RMB 43,532,851.68 in 2020[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 34,076,505.56, compared to a loss of RMB 68,758,590.82 in the previous year[22]. - The company achieved an operating revenue of 990 million yuan in 2021, representing a year-on-year growth of 10.93%[35]. - The net profit attributable to the parent company was -20.10 million yuan, showing an improvement compared to the previous year's loss of -40.00 million yuan[35]. - The company's total assets at the end of 2021 were 1.16 billion yuan, a slight increase of 0.26% from the previous year[35]. - The net assets attributable to shareholders decreased by 1.97% to 954.16 million yuan compared to the end of 2020[35]. - The company reported a net profit attributable to shareholders of -20.1 million RMB, indicating a loss compared to the previous period[48]. - The company reported a total revenue of 1.2 billion in 2020, reflecting a year-over-year growth of 15%[100]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in the last fiscal year, representing a 15% year-over-year growth[103]. Cash Flow and Dividends - As of December 31, 2021, the company's distributable profits amounted to RMB 417,553,072.59, with no cash dividends proposed for the year due to the net loss[6]. - The net cash flow from operating activities was 132.75 million yuan, a significant increase from the previous year's negative cash flow[26]. - The company plans to maintain a cash dividend policy, with a minimum of 80% of profits distributed as cash dividends during mature stages without major capital expenditures[124]. - The company did not distribute cash dividends for the fiscal year 2020 and plans to do the same for 2021, pending shareholder approval[124]. Sales and Marketing Strategies - Online sales generated 185 million yuan, marking a significant growth of 37.41% year-on-year, while offline sales reached 800 million yuan, up 6.13%[35]. - The company plans to enhance online channel expansion by collaborating with e-commerce platforms like Tmall, Vipshop, and JD.com[35]. - The company is focusing on live streaming sales, mini-programs, and social media marketing to adapt to the decline in offline foot traffic[36]. - The company aims to optimize brand competitiveness by integrating market trends and refining brand positioning[36]. - The company aims to meet diverse consumer needs through a combination of traditional retail and new retail technologies[39]. - The company is focusing on integrating online and offline sales channels to expand market share in second and third-tier cities[89]. - The company plans to enhance its marketing strategies by increasing collaboration with influencers and diversifying promotional channels[89]. Inventory and Production - The production model is driven by orders and market forecasts, with 96.55% of production coming from external suppliers and only 3.45% from in-house production[45]. - The production volume of shoes was 2,361,817 pairs, representing a year-on-year increase of 6.83%[55]. - The sales volume of shoes reached 2,712,274 pairs, a year-on-year increase of 16.15%[55]. - The company's inventory value at the end of the reporting period was 372 million yuan, accounting for 32.06% of total assets, a decrease of 12.04% compared to the previous year[91]. - The company has implemented strict inventory turnover assessment mechanisms to control stock levels and mitigate risks associated with unsold inventory[91]. Risks and Challenges - The company has faced various risks, which are detailed in the management discussion and analysis section of the report[8]. - The company faces risks related to channel changes and potential loss of brand agency rights, which could impact operational performance[90]. - The company's main operating performance is derived from offline department store counters, which are vulnerable to the impacts of recurring COVID-19 outbreaks[92]. - The company faces risks of bad debts from accounts receivable primarily from department store sales, influenced by competition and operational difficulties of the department stores[91]. Corporate Governance and Management - The company held one annual and one extraordinary shareholders' meeting during the reporting period, ensuring equal treatment of all investors[95]. - The board of directors convened seven meetings during the reporting period, with independent directors actively participating and providing independent opinions on significant matters[95]. - The supervisory board held six meetings, ensuring oversight of major transactions and financial conditions to protect shareholder interests[96]. - The company has established a comprehensive talent development and incentive system, adjusting employee compensation based on performance and industry standards[121]. - The company’s performance evaluation for senior management is based on the annual benefits achieved and individual work performance assessment results[106]. Research and Development - Research and development expenses decreased by 86.51% to 588,540 RMB, reflecting reduced investment in this area[49]. - The total R&D expenditure was CNY 588,540.46, accounting for 0.06% of total revenue[62]. - The company plans to invest 100 million in R&D for new technologies aimed at improving operational efficiency[100]. - Research and development expenses increased by 30%, totaling 150 million, to support new technology initiatives[103]. Shareholder Information - The largest shareholder, Zhenxing International Co., Ltd., holds 66.24% of the shares, with a reduction of 1,733,600 shares during the reporting period[175]. - The company has a total of 221,360,000 shares outstanding after the stock incentive plan implementation[164]. - The number of ordinary shareholders increased from 14,015 to 14,037 during the reporting period[172]. - The company has no other significant shareholders holding more than 10% of shares[187]. Compliance and Internal Controls - The company established an internal control management system to ensure legal compliance and asset safety, and revised the insider information management system during the reporting period[130]. - An independent audit of the internal control effectiveness was conducted by Zhongxinghua Accounting Firm, resulting in a standard unqualified opinion[131]. - The company has maintained timely repayment on its financial management products, with a 100% compliance rate[158].