证券代码：002293 证券简称：罗莱生活 公告编号：2025-045 罗莱生活科技股份有限公司 关于选举职工代表董事的公告 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、误导性陈述或重大遗漏。 特此公告。 罗莱生活科技股份有限公司 董事会 2025年9月10日 职工代表董事简历： 因《中华人民共和国公司法》《关于新<公司法>配套制度规则实施相关过 渡期安排》以及《公司章程》等相关规定，罗莱生活科技股份有限公司（以下 简称"公司"）董事会治理结构需做调整。公司于2025年9月9日召开职工代表 大会，经与会职工代表民主选举，陶永瑛女士当选为公司第六届董事会职工代 表董事（简历见附件）。陶永瑛女士关于职工代表董事的任期为：自公司2025 年第一次临时股东会审议通过《关于变更注册资本暨修订<公司章程>的议案》 之日起至公司第六届董事会任期届满之日止。 陶永瑛女士符合《公司法》《公司章程》规定的有关职工代表董事任职资 格和条件，其任职职务由非独立董事变更为公司职工代表董事，公司第六届董 事会成员数量仍为7名，其中兼任公司高级管理人员以及由职工代表担任的董事 人数总计未超过公司董事总数的二分 ...

证券代码：002293 证券简称：罗莱生活 公告编号：2025-046 罗莱生活科技股份有限公司 关于内部审计负责人辞职的公告 罗莱生活科技股份有限公司 董事会 2025年9月10日 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、误导性陈述或重大遗漏。 罗莱生活科技股份有限公司（以下简称"公司"）董事会于近日收到公 司内部审计负责人高瞻先生提交的书面辞职申请，高瞻先生因个人原因，申 请辞去公司内部审计负责人职务，辞职后不再担任公司任何职务。 高瞻先生的离职不会影响公司相关工作的正常运行。高瞻先生的辞职申 请自送达董事会时生效。公司将尽快聘任符合任职资格的人员担任公司内部 审计负责人。截至本公告日，高瞻先生未持有本公司股份，亦不存在应当履 行而未履行的承诺事项。 公司及董事会对高瞻先生在任职内部审计负责人期间对公司发展做出的 贡献表示衷心感谢。 特此公告。 ...

上海君澜律师事务所 关于罗莱生活科技股份有限公司 2025 年第一次临时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》（以下简称 "《公司章程》"）的规定，上海君澜律师事务所（以下简称"本所"）接受罗 莱生活科技股份有限公司（以下简称"公司"）的委托，指派本所律师对公司2025 年第一次临时股东会（以下简称"本次股东会"）进行见证，并就本次股东会的 召集、召开程序及表决程序、表决结果等事项出具本法律意见书。 本法律意见书仅供本次股东会之目的使用。本所律师同意将本法律意见书随 公司本次股东会其他信息披露资料一并公告。 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 8 月 21 日召开第六届董事会第十五次会议，审 ...

2025年第一次临时股东会决议公告 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：2025-044 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9月9日（星期二）下午15:00。 （2）网络投票时间：2025年9月9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9月9 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9月9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，股东可 ...

证券代码：002293 证券简称：罗莱生活 公告编号：2025-047 罗莱生活科技股份有限公司减资公告 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、误导性陈述或重大遗漏。 罗莱生活科技股份有限公司（以下简称"公司"）分别于2025年8月21日召 开第六届董事会第十五次会议、第六届监事会第十三次会议，2025年9月9日召 开公司2025年第一次临时股东会，审议通过了《关于回购注销部分限制性股票 的议案》和《关于变更注册资本暨修订<公司章程>的议案》，有关情况如下： 2024年限制性股票与股票期权激励计划激励对象中2人因个人原因离职，失 去本次限制性股票激励资格，根据相关法律法规和公司《2024年限制性股票与 股票期权激励计划（草案）》等相关规定，公司对上述人员持有的2024年限制 性股票与股票期权激励计划中尚未解除限售的全部限制性股票（共计250,000股） 进行回购注销的处理。 本次回购注销完成后，公司股份总数由原来的834,092,481股减少至 833,842,481 股 ， 注 册 资 本 由 原 来 的 人 民 币 834,092,481 元 减 少 至 人 民 币 8 ...

Investment Rating - The report maintains a "Buy" rating for several key companies in the textile and apparel industry, including Anta Sports, Li Ning, and Xtep International, with respective 2025 PE ratios of 18x, 19x, and 12x [11][40]. Core Insights - Lululemon's FY2025Q2 revenue grew by 7% year-on-year to $2.5 billion, which was below the company's expectations, primarily due to weak performance in the U.S. market [1][16]. - The report highlights a continued recovery in the consumer environment for apparel, with a focus on the long-term growth potential of the sports footwear and apparel segment [3][24]. - The report emphasizes the importance of product differentiation and brand strength in the jewelry sector, predicting that companies with clear product differentiation will outperform the industry in 2025 [4][24]. Summary by Sections Lululemon's Performance - Lululemon's Q2 revenue was $2.5 billion, with a 7% year-on-year increase, and a 6% increase on a currency-neutral basis. The Americas segment saw a 1% increase, while international revenue grew by 22% [1][16]. - The gross profit increased by 5% to $1.5 billion, but the gross margin decreased by 1.1 percentage points to 58.5% [1][16]. - The company adjusted its FY2025 revenue growth forecast to 2%-4%, with a potential 4%-6% growth on a comparable 52-week basis [1][16]. Regional Analysis - In the U.S., Q2 revenue was flat, with a 1% increase in the Americas segment. The company noted that consumer response to new product colors was below expectations, indicating a potential issue with product lifecycle [20]. - In China, Q2 revenue grew by 24%, driven by the opening of five new stores and various brand-building activities. The company expects a 20%-25% revenue growth in FY2025 for the Chinese market [20][21]. Apparel and Footwear Sector - The report indicates that the sports footwear segment is expected to outperform the overall apparel market, with a healthy inventory turnover ratio of 4-5 [3][24]. - Key recommendations include Anta Sports, Li Ning, and Xtep International, which are expected to show strong performance due to their operational capabilities and market positioning [27][40]. Jewelry Sector - The report notes that the jewelry market is facing weak demand, with gold jewelry consumption down 27% and 24% in Q1 and Q2, respectively. Companies with strong product and brand capabilities are expected to perform better [39][24]. Manufacturing Sector - The textile manufacturing sector is experiencing changes due to new tariff policies, which may impact profit expectations for 2025-2026. Companies with integrated and international supply chains are expected to gain market share [8][25]. - Recommendations include Shenzhou International and Huayi Group, which are seen as having strong performance and competitive advantages [25][40].

Company Overview - Rolaile Life Technology Co., Ltd. is located in Shanghai and was established on May 23, 2002, with its listing date on September 10, 2009 [2] - The company specializes in the production and sales of household textiles, hotel textiles, and hats [2] - The main revenue composition includes: comforters (32.16%), standard sets (30.03%), furniture (17.98%), pillows (6.91%), summer products (6.58%), and others (6.33%) [2] Stock Performance - As of September 4, Rolaile Life's stock price decreased by 2.01%, trading at 8.27 CNY per share, with a total market capitalization of 6.898 billion CNY [1] - Year-to-date, the stock price has increased by 11.76%, but it has seen declines of 2.01% over the last 5 trading days, 3.05% over the last 20 days, and 7.91% over the last 60 days [2] Financial Performance - For the first half of 2025, Rolaile Life achieved a revenue of 2.181 billion CNY, representing a year-on-year growth of 3.60% [2] - The net profit attributable to shareholders for the same period was 185 million CNY, reflecting a year-on-year increase of 16.97% [2] Shareholder Information - As of June 30, 2025, the number of shareholders was 23,200, a decrease of 3.95% from the previous period [2] - The average circulating shares per person increased by 4.12% to 35,663 shares [2] - The total cash dividends distributed by Rolaile Life since its A-share listing amount to 5.181 billion CNY, with 1.504 billion CNY distributed in the last three years [3] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the sixth-largest circulating shareholder, holding 23.396 million shares, an increase of 13.7603 million shares from the previous period [3]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's home textile business has shown a good recovery, while the furniture business still requires improvement [1] - The company is a leading player in the domestic home textile market, with a clear upward trend in its main business operations [7] - The online channel for home textiles has experienced significant growth, benefiting from national subsidy policies and successful large product strategies [7] Financial Performance - For the first half of 2025, the company reported total revenue of 2.181 billion yuan, a year-on-year increase of 3.6%, and a net profit attributable to shareholders of 185 million yuan, up 17.0% year-on-year [7] - The home textile segment generated revenue of 1.789 billion yuan, a year-on-year increase of 6.49%, while the U.S. furniture segment saw revenue decline to 392 million yuan, down 7.81% [7] - The gross profit margin increased to 47.82%, with a notable reduction in asset impairment losses contributing to profit growth despite rising expense ratios [7] Earnings Forecast and Valuation - The forecast for net profit attributable to shareholders has been adjusted downwards for 2025 and 2026 to 495 million yuan and 554 million yuan, respectively, while the 2027 forecast has been increased to 609 million yuan [7] - The company is expected to maintain a high dividend payout ratio, with a projected P/E ratio of 14 for 2025, 13 for 2026, and 12 for 2027 [7]

罗莱生活 2025 年中报显示，剔除一次性管理费用后业绩超预期，主要 得益于家纺主业贡献。上半年收入增长 3.6%，归母净利润增长 17%，Q2 收入增长 6.8%，归母净利润增长 4.9%，若剔除诉讼影响， Q2 归母净利润同比上升 52.9%。 电商渠道表现亮眼，上半年同比增长 18.3%，直营渠道增长 5.1%，加 盟渠道下滑 8.7%。受益于消费者对功能性需求增加，高端科技属性产 品需求上升，电商与直营毛利率均有所提升。 零压深睡枕成为增长引擎，上半年销售 24 万只，GMV 超 5,000 万元， 预计全年贡献收入超 1 亿元，拉动整体收入增速两个百分点，并已实现 盈利。该产品单价约 200 多元。 公司加速渗透三四线市场，直营渠道同店月均营业收入较去年增长 14.9%，表明线下渠道显著修复。2024 年直营单店收入同比下降 19.7%。 公司存货管理显著改善，截至报告期末，存货同比下降 17.9%至 10.5 亿元，存货周转天数减少 42 天至 169 天，达到 2018 年中报水平，减 轻了终端打折压力和存货减值风险。 Q&A 罗莱生活 20250830.docx AceCamp AI 2025 ...

Core Points - The company, 罗莱生活科技股份有限公司, held its 15th board meeting and 13th supervisory board meeting on August 21, 2025, where it approved the proposal to cancel part of the stock options [1][2] - The cancellation involves 1.255 million stock options granted to 9 departing incentive recipients, which have not yet been exercised [1][2] - The company has submitted the cancellation application to the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, and the cancellation has been completed as of the announcement date [1] Compliance and Impact - The cancellation of stock options complies with the relevant regulations of the "Management Measures for Equity Incentives of Listed Companies" and the company's "2024 Restricted Stock and Stock Option Incentive Plan (Draft)" [2] - The reasons and quantity for the cancellation are legal, valid, and the procedures are compliant [2] - The canceled stock options do not affect the company's capital structure and will not have a significant impact on the company's financial status and operating results [2]