证券代码：002293 证券简称：罗莱生活 公告编号：2025-026 2、自公司2024年年度利润分配方案披露至实施期间，公司股本总额未发生 变化。 3、本次实施的分配方案与股东会审议通过的分配方案一致。 4、本次实施的分配方案距离股东会审议通过的时间未超过两个月。 二、权益分派方案 本公司2024年年度权益分派方案为：以公司现有总股本834,092,481股为基 数，向全体股东每10股派4.000000元人民币现金（含税；扣税后，通过深股通持 有股份的香港市场投资者、境外机构（含QFII、RQFII）以及持有首发前限售股 的个人和证券投资基金每10股派3.600000元；持有首发后限售股、股权激励限售 股及无限售流通股的个人股息红利税实行差别化税率征收，本公司暂不扣缴个人 所得税，待个人转让股票时，根据其持股期限计算应纳税额【注】；持有首发后 限售股、股权激励限售股及无限售流通股的证券投资基金所涉红利税，对香港投 罗莱生活科技股份有限公司 2024年年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或者重大遗漏。 一、股东会审议通过的权益分派方案情况 ...

股票代码：002293 证券简称：罗莱生活 罗莱生活科技股份有限公司 投资者关系活动记录表 编号：2025-05-16 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 ☑业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他(请文字说明其他活动内容) | | 活动参与人员 | 线上参与公司 2024 年度业绩网上说明会的投资者 | | 公司接待人员 | 董事、总裁 薛嘉琛；独立董事 唐善永；财务总监 陈晓东；董事会秘书 薛霞。 | | 时间 | 2025 年 5 月 16 日 15:00-17:00 | | 地点 | 价值在线（https://www.ir-online.cn/） | | 形式 | 网络互动 | | | Q1.公司本期盈利水平如何？ | | | A1:尊敬的投资者您好，公司 2024 年度合并报表归属于上市公司股东的净 | | | 利润为 432,847,009.53 元。2024 年主营业务收入为 4,514,279,130.85 元，其 | | | 他业务收入为 44,961,007.98 ...

本所律师按照律师行业公认的业务标准、道德规范和勤勉尽责的精神，对本 次股东会所涉及的有关事项和相关文件进行了必要的核查和验证，现出具法律意 见如下： 一、 本次股东会的召集、召开程序 1.1 本次股东会由公司董事会召集。 公司董事会于 2025 年 4 月 23 日召开第六届董事会第十三次会议，审议通 过了《关于<2024 年度董事会工作报告>的议案》《关于<2024 年度总裁工 作报告>的议案》《关于<2024 年年度报告>全文及其摘要的议案》《关于 <2024 年度财务决算报告>的议案》《关于<2024 年度内部控制自我评价报 告>的议案》《关于 2024 年度利润分配预案的议案》《关于 2024 年度环境、 社会及治理（ESG）报告的议案》《关于 2024 年度募集资金存放与使用情 上海君澜律师事务所 关于罗莱生活科技股份有限公司 2024 年年度股东会的法律意见书 致：罗莱生活科技股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民 共和国证券法》、《上市公司股东会规则》（以下简称"《股东会规则》"）等 法律、法规、规章、规范性文件及《罗莱生活科技股份有限公司章程》（以下简 ...

2024年年度股东会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 特别提示： 1.本次股东会没有否决提案的情形。 2.本次股东会没有变更以往股东会已通过的决议的情形。 证券代码：002293 证券简称：罗莱生活 公告编号：2025-025 罗莱生活科技股份有限公司 一、会议召开和出席情况 （一）会议召集人：公司董事会 （二）会议时间： （1）现场会议时间：2025年5月15日（星期四）下午14:30。 （2）网络投票时间：2025年5月15日 其中，通过深圳证券交易所交易系统进行投票的具体时间为：2025年5月15 日上午9:15-9:25，9:30—11:30，下午13:00-15:00；通过深圳证券交易所互联 网投票系统进行投票的具体时间为：2025年5月15日9:15-15:00期间的任意时间。 （三）现场会议地点：上海市普陀区同普路339弄3号公司18F会议室 （四）会议主持人：董事长薛伟成先生 （五）会议召开方式：采取现场投票与网络投票相结合的方式。公司同时 通过深圳证券交易所交易系统和互联网投票系统向公司股东提供网络形式的投 票平台， ...

Core Viewpoint - The company experienced a decline in revenue and net profit in 2024, but showed signs of recovery in Q1 2025, with a strong dividend payout ratio of 115% for the year [1][2] Financial Performance - In 2024, the company's revenue was 4.559 billion, down 14.22% year-on-year, and the net profit attributable to shareholders was 433 million, down 24.39% year-on-year [2] - The company plans to distribute an annual cash dividend of 0.4 per share, with a total dividend payout ratio of 115.48% [2] - In Q1 2025, revenue was 1.094 billion, up 0.57% year-on-year, and net profit was 113 million, up 26.31% year-on-year [2] Business Segment Analysis - The domestic home textile business generated revenue of 3.737 billion in 2024, down 12.43% year-on-year, while the U.S. furniture business had revenue of 822 million, down 21.54% year-on-year, resulting in a net loss of 28.71 million [3][4] - The company is actively supporting franchisees to reduce inventory and close underperforming stores to improve long-term operational capabilities [3] Channel Performance - Online revenue in 2024 was 1.382 billion, down 14.12%, while offline direct sales revenue was 401 million, down 1.48% [4] - The company had a total of 2,638 stores by the end of 2024, with 411 direct stores (up 76) and 2,227 franchise stores (down 168) [4] Profitability Metrics - The overall gross margin for 2024 was 48.01%, with the U.S. business gross margin at 28.07% [5] - The net profit margin for 2024 was 9.44%, down 1.30 percentage points year-on-year [5] Cash Flow and Efficiency - Operating cash flow for 2024 was 847 million, down 9.46%, but improved significantly in Q1 2025 to 176 million, up 83.29% [6] - Inventory turnover days improved to 157 days in Q1 2025, down 36 days year-on-year [6] Future Outlook and Investment Recommendation - The company is expected to optimize its channel structure and enhance direct store openings, with projected revenues of 4.859 billion, 5.163 billion, and 5.449 billion from 2025 to 2027 [7] - The net profit for the same period is forecasted to be 521 million, 571 million, and 627 million, with respective growth rates of 20%, 10%, and 10% [7]

南山智尚高端新材料产业取得显著成果。4 月25 日，公司披露25 年一季报。公司实现营业收入3.62 亿 元，同比+0.72%。整体毛利率为32.5%，同比轻微下跌0.3 个点，但其中超高分子聚乙烯纤维毛利率同 比大幅改善至28%。归母净利润为3730.2 万元，同比+0.86%。扣非归母净利润为3593.0万元，同比 +12.84%。公司的精纺呢绒业务稳健，高端新材料产业取得显著成果。其中，超高分子聚乙烯纤维（超 纤）实现规模与品质的双提升。产品强度覆盖全品类，可用于机器人传动腱绳等领域，一等品率达95% 以上。目前3600 吨超纤项目已全线建成运营。公司自主研发的"抗蠕变超高分子聚乙烯纤维用纺丝液及 其制备方法"专利显著提升产品稳定性和耐用性，处于国内第一梯队。3 月19 日，公司与武汉大学、武 汉手智创新达成战略合作，共同推进人形机器人在基础研究、材料创新、技术转化等领域的突破性发 展。另外，8 万吨锦纶长丝项目于24 年11 月启动试投产，标志着公司在高端新材料领域取得关键突 破，正式开启第二增长曲线。 罗莱生活国内家纺业务延续回升势头，存货处于健康水平。4 月25 日，公司披露24 年年报和25 年 ...

公司报告 | 年报点评报告 罗莱生活（002293） 证券研究报告 业绩回暖，加大分红 公司发布 24 年报和 25 年一季报 25Q1 收入 11 亿，同比+1%；归母净利润 1.1 亿，同比+26%；扣非归母净 利润 1.1 亿，同比+22%； 24Q4 收入 14 亿，同比-13%；归母净利润 1.7 亿，同比+10%；扣非归母净 利润 1.6 亿，同比+28%； 24 年收入 46 亿，同比-14%；归母净利润 4.3 亿，同比-24%；扣非归母净 利润 4.0 亿，同比-22%。 24 年收入减少系终端消费疲软以及美国家具拖累（营收 8 亿，同比-22%， 归母净亏 0.3 亿）。25Q1 营收转正，预计与 24 年底家纺补贴刺激需求和同 期低基数有关。 同时，公司计划每 10 股派发现金红利 4 元（含税），加上中期分红，24 年 度派息率 115%。此外，25 年中期拟每 10 股派发现金红利不低于 2 元（含 税)。 直营门店净增，库存消化较好 25Q1 毛利率 46%，同比+2.4pct，归母净利率 10%，同比+2.1pct，毛利率提 升带动利润增厚。 24 年毛利率 48%，同比+0.7 ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company has entered a new growth cycle with a recovery in dual-line business and high dividend payouts reflecting its profit nature [1] - The company's revenue for 2024 was 45.6 billion yuan, a year-on-year decrease of 14.2%, while the net profit attributable to the parent company was 4.33 billion yuan, down 24.4% year-on-year [7] - The first quarter of 2025 showed a revenue of 10.9 billion yuan, a slight increase of 0.6% year-on-year, and a net profit of 1.13 billion yuan, up 26.3% year-on-year, indicating a significant recovery in profitability [7][10] Financial Data and Profit Forecast - Total revenue forecast for 2025 is 48.84 billion yuan, with a year-on-year growth rate of 7.1% [6] - The net profit attributable to the parent company is expected to be 5.23 billion yuan in 2025, reflecting a year-on-year growth of 20.9% [6] - The gross profit margin is projected to be 48.5% in 2025, with a return on equity (ROE) of 12.4% [6] Business Performance - The company has maintained its position as the leading brand in the home textile industry for 20 consecutive years, indicating strong market presence [7] - The domestic home textile business has seen a significant reduction in franchise operations, allowing for a rebound in inventory levels [7] - The U.S. furniture business is expected to stop being a drag on profits in 2025, with proactive adjustments in personnel and capacity [7]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company experienced a bottoming out of performance in 2024, with a profit recovery in Q1 2025, while maintaining a high dividend strategy [11] - In 2024, the company reported a revenue of 4.56 billion yuan, a year-on-year decline of 14.2%, and a net profit attributable to shareholders of 430 million yuan, down 24.4% year-on-year [5][11] - The company expects a sales improvement in the domestic home textile business due to better consumer demand and policy subsidies, alongside reduced losses from its U.S. subsidiary, Lexington [11] Revenue Performance - The company's revenue for 2024 was 45.6 billion yuan, with a year-on-year decline of 14.2%, and a net profit of 4.3 billion yuan, down 24.4% [5] - In Q1 2025, the company achieved a revenue of 1.09 billion yuan, a year-on-year increase of 0.6%, and a net profit of 110 million yuan, up 26.3% [6][11] Business Segment Analysis - The domestic home textile and U.S. furniture subsidiary revenues declined by 12% and 22% respectively in 2024 [7] - Revenue contributions from product categories in 2024 were 32% from bedding sets, 35% from comforters, 6% from pillows, 3% from summer products, and 18% from furniture [7] Margin and Cost Control - The gross margin for 2024 improved by 0.7 percentage points to 48.0%, primarily due to better margins in the domestic home textile business [9] - The company maintained a stable expense ratio of 34.7% in 2024, with a slight decrease in the expense ratio in Q1 2025 to 32.7% [10] Dividend Policy - The company proposed a cash dividend of 0.4 yuan per share for 2024, resulting in a total payout ratio of 115% for the year [5][11] Financial Forecasts - The company expects a revenue of 5.175 billion yuan in 2025, representing a growth rate of 13.5% [12] - The forecasted net profit for 2025 is 524 million yuan, with a growth rate of 21.2% [12] Key Financial Metrics - The company’s return on equity (ROE) is projected to be 10.3% in 2024, improving to 12.5% by 2025 [15] - The price-to-earnings (P/E) ratio is expected to be 14 for 2025 [12][15]