审计报告 罗莱生活科技股份有限公司 容诚审字[2025]200Z0038号 容诚会计师事务所(特殊普通合伙 ) 中国·北京 目 录 | 序号 | 内 容 | 页码 | | --- | --- | --- | | 1 | 审计报告 | 1-6 | | 2 | 合并资产负债表 | 1 | | 3 | 合并利润表 | 2 | | 4 | 合并现金流量表 | 3 | | 5 | 合并所有者权益变动表 | 4-5 | | 6 | 母公司资产负债表 | 6 | | 7 | 母公司利润表 | 7 | | 8 | 母公司现金流量表 | 8 | | 9 | 母公司所有者权益变动表 | 9-10 | | 10 | 财务报表附注 | 11-135 | 审 计 报 告 容诚审字[2025]200Z0038号 容诚会计师事务所（特殊普通合伙） 总所：北京市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 1001-26 (100037) TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com.cn https://www.rsm.global/china/ ...

罗莱生活科技股份有限公司 独立董事徐炳达述职报告 作为罗莱生活科技股份有限公司（以下简称"公司"）的独立董事，2024年 度本人严格按照《中华人民共和国公司法》《上市公司治理准则》《上市公司独 立董事管理办法》《深圳证券交易所上市公司自律监管指引第1号——主板上市 公司规范运作》等有关法律、行政法规、规范性文件以及《公司章程》《公司独 立董事工作制度》等有关法律、法规的规定，认真行使公司所赋予的权利，及时 了解公司的生产经营信息，全面关注公司的发展状况，积极出席公司2024年召开 的相关会议，对公司董事会审议的相关事项审议并提出专业意见，忠实履行职责， 充分发挥独立董事的独立作用，维护了公司整体利益，维护了全体股东的合法权 益，现将本人2024年的工作情况作汇报。 一、本人基本情况 （一）个人基本情况 徐炳达，男，1965 年出生，中国国籍，中共党员，汉族，毕业于南京大学 法律系。1986 年起就职于南通市司法局；1989 年起就职于南通市第二律师事务 所（后更名为江苏平帆律师事务所）；2011 年起历任北京炜衡律师事务所主任、 合伙人，现任北京炜衡（上海）律师事务所高级合伙人、龙利得智能科技股份有 限公司独 ...

罗莱生活科技股份有限公司 独立董事田志伟述职报告 本人能够按照《公司章程》《公司股东大会议事规则》《公司董事会议事规 则》的规定和要求，出席董事会会议，列席股东大会，认真审议议案。对提交董 事会审议的议案均进行了认真的审议，并投了同意票，不存在提出反对、保留意 见和无法发表意见的情形本着勤勉务实和诚信负责的原则，所有议案经过客观谨 慎的思考，本人均投了赞成票。 作为罗莱生活科技股份有限公司（以下简称"公司"）的独立董事，2024年 度本人严格按照《中华人民共和国公司法》《上市公司治理准则》《上市公司独 立董事管理办法》《深圳证券交易所上市公司自律监管指引第1号——主板上市 公司规范运作》等有关法律、行政法规、规范性文件以及《公司章程》《公司独 立董事工作制度》等有关法律、法规的规定，认真行使公司所赋予的权利，及时 了解公司的生产经营信息，全面关注公司的发展状况，积极出席公司2024年召开 的相关会议，对公司董事会审议的相关事项审议并提出专业意见，忠实履行职责， 充分发挥独立董事的独立作用，维护了公司整体利益，维护了全体股东的合法权 益，现将本人2024年的工作情况作汇报。 一、本人基本情况 （一）个人基本情况 ...

罗莱生活科技股份有限公司董事会 经核查独立董事唐善永、田志伟、徐炳达的任职经历以及签署的相关自查文 件，上述人员未在公司担任除独立董事以外的任何职务，也未在公司主要股东公 司担任任何职务，与公司以及主要股东之间不存在利害关系或其他可能妨碍其进 行独立客观判断的关系，不存在影响独立董事独立性的情况，符合 《上市公司独 立董事管理办法》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市 公司规范运作》中对独立董事独立性的相关要求。 罗莱生活科技股份有限公司 董事会 2025 年 4 月 25 日 关于独立董事独立性自查情况的专项意见 根据中国证券监督管理委员会《上市公司独立董事管理办法》《深圳证券交 易所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上 市公司规范运作》等要求，罗莱生活科技股份有限公司 以下简称"公司"）董 事会就公司在任独立董事唐善永、田志伟、徐炳达的独立性情况进行评估并出具 如下专项意见： ...

罗莱生活科技股份有限公司章程 二〇二五年四月 1 目 录 2 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四章 股东和股东大会 第一节 股东 第二节 股东大会的一般规定 第三节 股东大会的召集 第四节 股东大会的提案与通知 第五节 股东大会的召开 第六节 股东大会的表决和决议 第五章 董事会 第一节 董事 第二节 董事会 第六章 总裁及其他高级管理人员 第七章 监事会 第一节 监事 第二节 监事会 第八章 财务会计制度、利润分配和审计 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 第九章 通知与公告 第一节 通知 第二节 公告 第十章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第二节 解散和清算 第十一章 修改章程 第十二章 附则 第一章 总则 第 1.01 条 为维护公司、股东和债权人的合法权益，规范公司的组织和行为， 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》 （以下简称"《证券法》"）和其他有关规定，制订本章程。 第 1.02 条 公司是依据《公司法 ...

罗莱生活科技股份有限公司 独立董事唐善永述职报告 作为罗莱生活科技股份有限公司（以下简称"公司"）的独立董事，2024年 度本人严格按照《中华人民共和国公司法》《上市公司治理准则》《上市公司独 立董事管理办法》《深圳证券交易所上市公司自律监管指引第1号——主板上市 公司规范运作》等有关法律、行政法规、规范性文件以及《公司章程》《公司独 立董事工作制度》等有关法律、法规的规定，认真行使公司所赋予的权利，及时 了解公司的生产经营信息，全面关注公司的发展状况，积极出席公司2024年召开 的相关会议，对公司董事会审议的相关事项审议并提出专业意见，忠实履行职责， 充分发挥独立董事的独立作用，维护了公司整体利益，维护了全体股东的合法权 益，现将本人2024年的工作情况作汇报。 一、本人基本情况 （一）个人基本情况 唐善永，男，1978年6月出生，中国国籍，中共党员，汉族，税收学博士学 历，经济学博士学位，毕业于上海财经大学，具有注册会计师、注册税务师、法 律从业资格等。现为上海立信会计金融学院税务系副教授、北京盈科（上海）律 师事务所兼职律师，罗莱生活科技股份有限公司独立董事、熊猫乳品集团股份有 限公司独立董事、上海寰创 ...

Financial Performance - The company's operating revenue for 2024 was approximately ¥4.56 billion, a decrease of 14.22% compared to ¥5.32 billion in 2023[15] - The net profit attributable to shareholders for 2024 was approximately ¥432.85 million, down 24.39% from ¥572.44 million in 2023[15] - The net profit after deducting non-recurring gains and losses was approximately ¥403.28 million, a decrease of 21.72% from ¥515.19 million in 2023[15] - The net cash flow from operating activities for 2024 was approximately ¥847.05 million, down 9.46% from ¥935.56 million in 2023[15] - Basic earnings per share for 2024 were ¥0.5209, a decline of 23.81% compared to ¥0.6837 in 2023[15] - Total assets at the end of 2024 were approximately ¥6.17 billion, a decrease of 9.38% from ¥6.80 billion at the end of 2023[15] - The net assets attributable to shareholders at the end of 2024 were approximately ¥4.19 billion, down 1.16% from ¥4.23 billion at the end of 2023[15] - The weighted average return on equity for 2024 was 10.18%, down from 13.55% in 2023, reflecting a decrease of 3.37 percentage points[15] Dividend Policy - The company plans to distribute a cash dividend of ¥4 per 10 shares for the year 2024, based on a total of 834,092,481 shares[4] - The company intends to distribute a minimum cash dividend of ¥2 per 10 shares in mid-2025, depending on the performance and undistributed profits[4] Industry Trends - The overall operating cost for the home textile industry increased by 2.46% year-on-year, which is higher than the revenue growth rate, leading to a profit margin squeeze[24] - The total profit of large-scale home textile enterprises decreased by 7.42% year-on-year, indicating pressure on profitability within the industry[24] - The domestic home textile business generated operating revenue of 3.737 billion yuan, a decline of 12.43% year-on-year, with a net profit attributable to shareholders of 462 million yuan, down 13.32% from the previous year[23] Product Development and Innovation - The company plans to enhance product value and service through technological innovation and fashion leadership, focusing on high-performance and environmentally friendly products[34] - The company launched the Texsoft ultra-soft technology, which combines unique material and core technology to provide consumers with a highly comfortable experience[71] - The company collaborated with research institutions to develop a proprietary cotton seed, enhancing the quality of its ultra-soft products and reducing reliance on imported cotton[72] - The company is developing a proprietary high-end finishing technology that aims to improve softness by 10% over existing products[132] Market Position and Brand Recognition - 罗莱超柔床品连续20年（2005-2024）在同类产品市场综合占有率中排名第一[38] - 罗莱儿童床上用品连续5年（2020-2024）在同类产品市场综合占有率中排名第一[52] - The company has achieved a market share of 20 consecutive years (2005-2024) as the leading brand in the bedding products sector, with its children's bedding products holding the top position for 5 consecutive years (2020-2024) [84] Sales and Distribution - The company opened 115 new direct stores during the reporting period, with a net increase of 76 stores, focusing on optimizing store structure and enhancing direct sales channels[68] - The company employs a hybrid sales model combining online and offline channels, collaborating with major e-commerce platforms like Tmall and JD[84] - The company’s online sales accounted for 30.32% of total revenue, totaling approximately ¥1.38 billion, down 14.12% from the previous year[99] Research and Development - The company applied for 66 new patents in 2024, including 39 invention patents, and has a total of 286 authorized patents as of the end of the reporting period[94] - R&D investment decreased by 10.84% to ¥99,390,559.45 in 2024, while the proportion of R&D investment to operating revenue increased to 2.18%[132] - The number of R&D personnel decreased by 13.47% to 289, with a notable drop in the number of bachelor's degree holders by 15.85%[132] Corporate Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring clear responsibilities among its governing bodies[168] - The company maintains independence from its controlling shareholder in business, personnel, assets, institutions, and finance[169] - The board of directors consists of seven members, with three independent directors, meeting legal requirements[170] - The company has established a robust internal audit system to effectively control daily operations and significant related transactions[171] Employee Development - The total number of employees at the end of the reporting period is 3,343, with 2,082 in the parent company and 1,261 in major subsidiaries[196] - The company has implemented a comprehensive compensation management system, aligning total salary budget with business performance and ensuring market competitiveness[197] - The company conducted over 180 professional training sessions in 2024, totaling 500 hours of instruction, focusing on practical application and internal knowledge transfer[199] Risk Factors - The company faces risks from macroeconomic fluctuations, raw material price volatility, and intensified market competition, which could impact its operations[89] - The company has faced regulatory scrutiny, with a warning letter issued to Ms. Xue Xia by the Jiangsu Securities Regulatory Bureau[186]

Financial Performance - The company's revenue for Q1 2025 was ¥1,093,994,770.04, representing a 0.57% increase compared to ¥1,087,786,557.33 in the same period last year[5] - Net profit attributable to shareholders increased by 26.31% to ¥113,038,129.53 from ¥89,493,457.44 year-on-year[5] - Basic earnings per share increased by 26.87% to ¥0.1360 from ¥0.1072 in the same period last year[5] - Net profit for the current period was ¥113,255,183.66, up from ¥89,484,735.38, indicating an increase of approximately 26.6%[19] - Earnings per share (EPS) increased to ¥0.1360 from ¥0.1072, marking a growth of about 27.1%[20] Cash Flow - The net cash flow from operating activities rose significantly by 83.29% to ¥176,456,416.46 compared to ¥96,273,623.26 in the previous year[5] - Cash flow from operating activities generated a net amount of ¥176,456,416.46, compared to ¥96,273,623.26 in the previous period, showing an increase of approximately 83.4%[21] - Cash inflow from investment activities totaled ¥738,607,358.06, significantly higher than ¥110,119,793.80 in the previous period[21] - Net cash flow from investing activities was $83.81 million, compared to a negative $22.69 million in the previous period[22] - Total cash inflow from financing activities was $67.38 million, down from $218 million in the previous period[22] - Net cash flow from financing activities was negative $151.15 million, compared to a positive $111.46 million previously[22] - The ending balance of cash and cash equivalents was $1.24 billion, down from $2.26 billion in the previous period[22] - The net increase in cash and cash equivalents was $108.58 million, compared to $185.10 million previously[22] Assets and Liabilities - Total assets decreased by 2.67% to ¥6,001,091,318.14 from ¥6,166,022,812.07 at the end of the previous year[5] - Current assets decreased from CNY 3,393,484,128.40 to CNY 3,088,546,583.25, representing a reduction of about 8.98%[14] - Total liabilities decreased from CNY 1,960,902,983.88 to CNY 1,677,708,580.00, a decline of approximately 14.43%[15] - The company's total liabilities and equity amounted to ¥6,001,091,318.14, down from ¥6,166,022,812.07, indicating a decrease of about 2.7%[16] Shareholder Equity - The company's equity attributable to shareholders increased by 2.82% to ¥4,303,377,028.67 from ¥4,185,331,172.85 at the end of the previous year[5] - The total equity attributable to shareholders of the parent company rose to ¥4,303,377,028.67 from ¥4,185,331,172.85, an increase of about 2.8%[16] - The company's equity increased from CNY 4,040,119,828.19 to CNY 4,323,382,738.14, an increase of about 7.01%[15] Operational Metrics - Total operating revenue for the current period reached ¥1,093,994,770.04, a slight increase from ¥1,087,786,557.33 in the previous period, representing a growth of approximately 0.2%[17] - Total operating costs decreased to ¥959,295,440.00 from ¥976,594,902.91, reflecting a reduction of about 1.4%[17] - The company reported a significant increase in non-current asset disposal gains of ¥119,150.47 during the period[7] - The company reported a decrease in financial expenses, with interest expenses at ¥3,508,386.82 compared to ¥6,436,280.44 in the previous period, a reduction of approximately 45.5%[17] Other Information - The number of ordinary shareholders at the end of the reporting period was 24,132[10] - Other comprehensive income after tax for the current period was ¥107,674.03, a recovery from a loss of ¥9,606,617.67 in the previous period[19] - The company’s first quarter report was not audited[23] - The company will implement new accounting standards starting in 2025[24]

罗莱生活（002293）公告，2024年营业收入为45.59亿元，同比下降14.22%。归属于上市公司股东的净 利润为4.33亿元，同比下降24.39%。公司拟向全体股东每10股派发现金红利4元(含税)，送红股0股(含 税)，不以公积金转增股本。公司计划于2025年中期结合未分配利润与当期业绩情况进行分红，每10股 派发现金红利不低于2元(含税)。 ...

Investment Rating - The report rates the textile and apparel industry as "Overweight" for 2025, indicating a positive outlook compared to the overall market performance [3][6]. Core Insights - Domestic consumption is steadily improving, with sports goods leading the growth. In Q1 2025, retail sales of clothing, shoes, hats, and textiles reached 369.4 billion, a year-on-year increase of 2.5%. Sports and entertainment goods saw a remarkable growth of 14.2% [3]. - Export performance shows a "grab export" effect due to tariff disturbances, with textile and apparel exports totaling 66.28 billion USD in Q1 2025, a 1% increase year-on-year [3]. - The acquisition of the German outdoor brand Jack Wolfskin by Anta for 290 million USD enhances its outdoor segment and strategic positioning in the European market [3]. - The report highlights the recovery in children's clothing driven by a rise in newborns and supportive national policies, predicting growth for leading children's brands [3]. Summary by Sections Domestic Demand - Retail sales in Q1 2025 for clothing, shoes, hats, and textiles were 369.4 billion, up 2.5% year-on-year. Sports goods retail sales reached 30.7 billion, growing 14.2% [3]. Export Demand - Textile and apparel exports in Q1 2025 were 66.28 billion USD, with textile exports at 33.27 billion (up 4%) and apparel exports at 33.01 billion (down 1.9%) [3]. Company Performance - Anta's revenue grew by 13% in Q1 2025, with a strong performance from its brands. Li Ning is expected to see low single-digit growth, while 361 Degrees reported a revenue increase of 18% [4][6]. - The report anticipates a 3% revenue growth for children's clothing brands like Semir and Jiaman in 2024 [3]. Investment Recommendations - Recommended stocks include Anta Sports, 361 Degrees, and Li Ning in the sports sector, and companies like Luolai and Semir in the home textile and children's clothing sectors [3][6].