Financial Performance - The company's revenue for Q1 2025 was ¥143,053,736.81, a decrease of 48.74% compared to ¥279,079,355.93 in the same period last year[5] - Net profit attributable to shareholders was ¥6,389,305.19, down 90.62% from ¥68,105,028.85 year-on-year[5] - Basic and diluted earnings per share dropped to ¥0.00, a 100% decrease from ¥0.03 in the same period last year[5] - Total operating revenue for the current period is CNY 143,053,736.81, compared to CNY 279,079,355.93 in the previous period, representing a decrease of approximately 48.7%[17] - Net profit for the current period is CNY 6,389,305.19, a decrease of approximately 6.5% from CNY 68,105,028.85 in the previous period[18] - The company reported a total comprehensive income of CNY 9,369,797.68 for the current period, compared to CNY 68,105,028.85 in the previous period[18] Cash Flow and Liquidity - The net cash flow from operating activities improved by 42.69%, reaching -¥76,809,579.35 compared to -¥134,031,398.45 in the previous year[5] - The company's cash and cash equivalents decreased by 53.70% to ¥29,474,649.19, primarily due to cash payments related to operating activities[7] - Cash and cash equivalents at the end of the period stand at CNY 11,809,436.16, down from CNY 272,698,557.56[21] - The company generated CNY 155,690,100.36 in cash inflows from operating activities, compared to CNY 282,127,366.43 in the previous period, a decrease of about 44.8%[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,853,667,564.99, a decrease of 2.36% from ¥1,898,412,950.52 at the end of the previous year[5] - The company's total assets decreased from CNY 1,898,412,950.52 to CNY 1,853,667,564.99, a decline of about 2.4%[14] - Total current assets decreased from CNY 653,396,197.09 to CNY 617,517,576.74, a decline of about 5.5%[13] - Total liabilities decreased from CNY 1,618,184,973.44 to CNY 1,565,929,655.22, a reduction of approximately 3.2%[14] - Short-term borrowings slightly decreased from CNY 344,269,744.33 to CNY 342,430,418.71, a reduction of about 0.5%[14] Equity and Retained Earnings - The company's total equity increased from CNY 280,227,977.08 to CNY 287,737,909.77, reflecting a growth of approximately 2%[14] - The company's retained earnings showed a slight improvement, moving from CNY -3,210,003,054.67 to CNY -3,203,613,749.48[14] Operating Costs and Expenses - Total operating costs for the current period are CNY 138,451,124.28, down from CNY 282,087,397.61, indicating a reduction of about 51.0%[17] - Research and development expenses decreased by 56.31% to ¥3,664,815.60, mainly due to reduced labor costs during the reporting period[7] - The company incurred research and development expenses of CNY 3,664,815.60, down from CNY 8,389,038.12, reflecting a decrease of approximately 56.3%[17] Other Financial Metrics - The weighted average return on equity fell to 2.27%, down 11.77% from 14.04% in the previous year[5] - Accounts receivable increased from CNY 107,273,228.37 to CNY 108,981,278.45, reflecting a growth of about 1.6%[13] - Inventory decreased from CNY 329,976,622.22 to CNY 317,188,698.37, a reduction of approximately 3.9%[13] - Prepayments increased by 147.94% to ¥17,011,069.69, mainly due to new prepayments to suppliers during the reporting period[7] - Other income surged by 3485.25% to ¥8,756,315.07, attributed to an increase in uncollectible supplier payments[7]

股票代码：002269 股票简称：美邦服饰 编号：2025-010 上海美特斯邦威服饰股份有限公司 关于持股 5%以上股东减持股份计划的预披露公告 深圳高申资产管理有限公司－高申鹿鸣起航私募证券投资基金保 证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性 陈述或重大遗漏。 本公司董事会及全体董事保证本公告内容与信息披露义务人提供 的信息一致。 特别提示： 2、股份来源：通过协议转让方式取得。 深圳高申资产管理有限公司－高申鹿鸣起航私募证券投资基金持有本公司 股份 150,000,000 股（占本公司总股本比例 5.972%）（总股本以公司当前总股本 剔除已回购股份后的股份数量 2,511,578,700 股为计算依据，下同），计划自本 次减持计划公告之日起 15 个交易日后的三个月内通过集中竞价和大宗交易两种 方式减持本公司股份不超过 50,200,000 股，占本公司总股本比例 1.999%。 上海美特斯邦威服饰股份有限公司（以下简称"公司"）近日收到公司股东深 圳高申资产管理有限公司－高申鹿鸣起航私募证券投资基金（以下简称"鹿鸣起 航"）发来的《关于拟减持上海美特斯邦威服饰股份有限公司股份的 ...

美邦服饰(002269.SZ)公告称，股东深圳高申资产管理有限公司－高申鹿鸣起航私募证券投资基金计划 自公告之日起15个交易日后的三个月内，通过集中竞价和大宗交易方式减持不超过50,200,000股，占公 司总股本的1.999%。减持原因为基金资产管理需要，股份来源为协议转让取得。 ...

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 002269 | 美邦服饰 | 10.30 | 5.41 | 5594.44 | | 002404 | 嘉欣丝绸 | 10.04 | 6.79 | 5523.42 | | 300979 | 华利集团 | 12.07 | 1.01 | 4919.46 | | 300918 | 南山智尚 | 8.31 | 8.52 | 3949.76 | | 002762 | 金发拉比 | 9.92 | 8.15 | 3791.86 | | 600916 | 中国黄金 | 3.63 | 2.31 | 3625.22 | | 301066 | 万事利 | 20.00 | 17.54 | 3102.01 | | 002144 | 宏达高科 | 5.57 | 7.55 | 1480.62 | | 002193 | 如意集团 | 10.10 | 6.05 | 1233.16 | | 002612 | 朗姿股份 | 5.48 | 6.45 | 1081.75 | | 002494 ...

Group 1 - The core viewpoint of the article highlights the significant rise in infant and child-related stocks, with several companies reaching their daily limit up, driven by recent government policies aimed at boosting birth rates and providing financial support for families [1] Group 2 - Companies such as Xibu Muye, Qishi Dairy, Hailun Piano, Meibang Clothing, and Aiyingshi experienced a surge, hitting the daily limit up [1] - Panda Dairy and Haizi Wang saw their stock prices increase by over 10% [1] - Recent policies include the introduction of birth subsidies in multiple regions, with Liaoning planning to enhance child-rearing support and implement a childcare subsidy system [1] - In Changde, Hunan, the loan limits for second and third child families have been raised to 960,000 yuan and 1,200,000 yuan, respectively [1] - The establishment of a specialized committee for maternity insurance by the National Medical Insurance Administration indicates a focus on improving maternity benefits [1]

反向接班，成败几何？ 作者 丨田甜 周成建今年正好满六十岁，他创办的美特斯邦威则是建立于三十年前的1995年：这本是一家企业已 经发生或即将面临接班问题的时刻。 事实上，9年前，周成建已经安排女儿接班。但面对自己一拳一脚打拼建立的服饰帝国由巅峰时期的 营收近100亿元萎缩到十几亿元，他决定"反向接班"。2024年1月22日，美特斯邦威发布公告，周成 建正式接任公司董事长、总裁职位。 过去两年，周成建在杭州成立了电商总部，与90后、00后混在一起，学习如何做抖音直播。去年11 月1日，他成为"CEO直播"阵营中的一员。 几个月前，钟睒睒炮轰企业家做直播带货，周成建当时就想回怼："首富不要看不起我们创业 者。"但忍住没说。在他看来，今天中国零售业的生态已然发生剧变，企业经营者需要通过直播这个 窗口，与消费者更加直接地沟通，CEO做直播的意义远不止于一名销售人员。 还有谁会记得，周成建也当过首富。 2008年美特斯邦威上市，当年的福布斯中国富豪榜中，周成建是"浙江首富"。此外，他还连续3年跻 身胡润服装富豪榜的"服装首富"。 如今，消费者却连美特斯邦威的门店都很难逛到了。 美特斯邦威总部展馆 "黑红也是红" 3月下 ...

股票代码：002269 股票简称：美邦服饰 编号：2025-009 上海美特斯邦威服饰股份有限公司 关于回购股份的进展公告 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、准确性和完整性依法承 担法律责任。 上海美特斯邦威服饰股份有限公司（以下简称"公司"）于 2024 年 6 月 30 日 召开第六届董事会第十二次会议，于 2024 年 07 月 18 日召开 2024 年第三次临时 股东大会，审议通过了《关于回购公司股份方案的议案》，同意公司使用控股股 东借款、自有资金不低于人民币 3,000.00 万元、不超过人民币 5,000.00 万元回购 股份，通过集中竞价交易方式以不超过 1.75 元/股的价格回购公司发行的人民币 普通股（A 股）股票，具体回购资金总额以及回购股份数量以回购期限届满或回 购实施完成时的实际情况为准，回购的股份用于实施股权激励或员工持股计划。 本次回购股份的实施期限为自股东大会审议通过本次回购股份方案之日起 6 个 月内。具体内容详见公司于 2024 年 7 月 1 日、2024 年 7 月 18 日、2024 年 8 月 7 ...

股票代码：002269 股票简称：美邦服饰 编号：2025-008 上海美特斯邦威服饰股份有限公司 关于对外出租资产进展的公告 因鸿鼎投资拖欠租金等有关款项，构成了严重违约，公司于 2024 年向上海 市浦东新区人民法院提起诉讼，要求鸿鼎投资支付拖欠款项，目前法院尚未作出 裁决。具体内容详见公司于 2024 年 10 月 17 日披露的《关于租赁合同纠纷暨提 起诉讼的公告》（公告编号：2024-050）。 二、通知书主要内容 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、准确性和完整性依法承 担法律责任。 三、相关事项对公司的影响 上海美特斯邦威服饰股份有限公司（以下简称"公司"）日前向上海鸿鼎投资 管理有限公司（以下简称"鸿鼎投资"）发出《解除租赁合同通知书》（以下简 称"通知书"），决定解除公司与鸿鼎投资于 2023 年签署的《房屋租赁合同》 （以下简称"原合同"）。具体情况如下： 一、原合同基本情况及租赁纠纷概述 公司与鸿鼎投资于 2023 年签署《房屋租赁合同》，将公司康桥东路 800 号 园区部分出租给鸿鼎投资，具体内容详见公司于 2023 年 ...

Core Viewpoint - The company aims to implement a "10,000-store plan" as part of its 5.0 new retail strategy, targeting the establishment of 1,000 community lifestyle stores within the year and 10,000 stores in the next 1,000 days, with a strong belief in the feasibility of this goal [4][5]. Group 1: Store Expansion Strategy - The company has already signed contracts for 100 stores since the beginning of the year, with over half currently under renovation [4]. - The expected sales structure for the new stores includes 50% generating around 3 million yuan, 20% around 5 million yuan, and 20% between 7 to 8 million yuan, with approximately 100 stores expected to exceed 10 million yuan in sales [4]. - The company emphasizes a gradual approach to achieving the 10,000-store target, acknowledging that the final number may vary based on practical outcomes [5]. Group 2: Market Focus and Franchisee Support - The company is prioritizing the return on investment for franchisees and aims to tap into underdeveloped markets with significant fan bases [6]. - A recent example highlighted a franchisee in a lower-tier city achieving 300,000 yuan in sales within five months, showcasing the potential for quicker returns compared to first and second-tier cities [5][6]. Group 3: Retail Challenges and Solutions - The company recognizes the challenges in the apparel industry, such as customer acquisition, inventory management, and return rates, and believes its 5.0 new retail model addresses these issues effectively [7]. - By integrating online platforms like Douyin and Meituan, the company facilitates customer engagement and reduces return rates by allowing customers to redeem vouchers instead of returning products [7][8]. - The company aims to streamline inventory management by reducing circulation steps and directly delivering products from factories to stores, thereby minimizing costs and risks [8]. Group 4: Inventory Management and Product Strategy - The company targets a total product turnover of 50 days, with individual store turnover around 20 days, to maintain freshness and minimize risks for franchisees [8]. - The company plans to keep seasonal inventory below 10% and has established a management framework to ensure the availability of popular items while clearing out slow-moving stock [8]. - The company is also looking to expand its product categories beyond core offerings like jeans and down jackets, responding to franchisee requests for more variety [10]. Group 5: Company Transformation and Leadership - The company has undergone significant restructuring, moving from a scale of over 10 billion yuan to a few billion, shedding historical burdens to build a new operational model [10]. - The leadership emphasizes a commitment to progress and adaptability, focusing on practical execution rather than maintaining past prestige [10].

股票代码：002269 股票简称：美邦服饰 编号：2025-007 上海美特斯邦威服饰股份有限公司 关于回购股份的进展公告 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、准确性和完整性依法承 担法律责任。 上海美特斯邦威服饰股份有限公司（以下简称"公司"）于 2024 年 6 月 30 日 召开第六届董事会第十二次会议，于 2024 年 07 月 18 日召开 2024 年第三次临时 股东大会，审议通过了《关于回购公司股份方案的议案》，同意公司使用控股股 东借款、自有资金不低于人民币 3,000.00 万元、不超过人民币 5,000.00 万元回购 股份，通过集中竞价交易方式以不超过 1.75 元/股的价格回购公司发行的人民币 普通股（A 股）股票，具体回购资金总额以及回购股份数量以回购期限届满或回 购实施完成时的实际情况为准，回购的股份用于实施股权激励或员工持股计划。 本次回购股份的实施期限为自股东大会审议通过本次回购股份方案之日起 6 个 月内。具体内容详见公司于 2024 年 7 月 1 日、2024 年 7 月 18 日、2024 年 8 月 7 ...