广东万里马实业股份有限公司 2024 年 12 月 31 日 内部控制审计报告 索引 页码 内部控制审计报告 1 内部控制审计报告 XYZH/2025GZAA3B0066 广东万里马实业股份有限公司 广东万里马实业股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计 了广东万里马实业股份有限公司（以下简称万里马公司）2024 年 12 月 31 日财务报告内 部控制的有效性。 一、 企业对内部控制的责任 按照《企业内部控制基本规范》 、《企业内部控制应用指引》 、《企业内部控制 评价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是万里马公司董事 会的责任。 二、 注册会计师的责任 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况的 变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内部控 制审计结果推测未来内部控制的有效性具有一定风险。 四、 财务报告内部控制审计意见 我们认为，万里马公司于 2024 年 12 月 31 日按照《企业内部控制基本规范》和相关 规定在所有重大方面保持了有效的财务报告内部控制。 信永中 ...

广东万里马实业股份有限公司 2024 年度 非经营性资金占用及其他关联资金往来的 专项说明 | 索引 | 页码 | | --- | --- | | 专项说明 | 1-2 | | 非经营性资金占用及其他关联资金往来情况汇总表 | 1-2 | 广东万里马实业股份有限公司 广东万里马实业股份有限公司全体股东： 我们按照中国注册会计师审计准则审计了广东万里马实业股份有限公司（以下简称万 里马）2024 年度财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表、2023 年 度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司股东权益变动表以及 财务报表附注，并于 2025 年 4 月 22 日出具了 XYZH/2025GZAA3B0065 号无保留意见的审计 报告。 关于广东万里马实业股份有限公司 根据《上市公司监管指引第 8 号——上市公司资金往来、对外担保的监管要求》（中 国证券监督管理委员会公告[2022]26 号），以及深圳证券交易所相关披露的要求，万里 马编制了本专项说明所附的万里马 2024 年度非经营性资金占用及其他关联资金往来情况 汇总表（以下简称汇总表）。编制和对外披露汇 ...

广东万里马实业股份有限公司 一、独立董事的基本情况 （一）个人履历 本人孔祥婷，1983 年 5 月出生，中国国籍，无境外永久居留权，研究生学 历，博士学位。2015 年至今历任中山大学管理学院会计系副研究员、副教授。 曾任浙江步森服饰股份有限公司独立董事；2021 年 12 月至 2024 年 12 月任东莞 市宇瞳光学科技股份有限公司独立董事；2022 年 3 月至今任广州环投永兴集团 股份有限公司独立董事。2021 年 3 月至今，任公司独立董事。 （二）独立性说明 本人任职符合《上市公司独立董事管理办法》第六条规定的独立性要求，不 存在影响独立性的情况。 2024 年度独立董事述职报告 本人作为广东万里马实业股份有限公司（以下简称"公司"）第四届董事会 独立董事，在 2024 年度的工作中，严格按照《公司法》《证券法》《深圳证券 交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》《上市公司 独立董事管理办法》《公司章程》等法律、行政法规以及规范性文件的规定和要 求，忠实、勤勉、独立地履行独立董事职责，按时出席相关会议，认真审议董事 会各项议案，充分发挥了独立董事的独立性和专业性的作用。现 ...

广东万里马实业股份有限公司 2024 年度独立董事述职报告 （一）个人履历 本人曾东红，1962 年 5 月出生，中国国籍，无境外居留权，法学博士。1988 年 8 月至今在中山大学法学院任教。兼任中国法学会经济法学研究会理事、中国 法学会证券法学研究会理事、广东民商法学会常务理事、广州仲裁委员会仲裁员 等社会职务；2022 年 10 月至今，任广州华银康医疗集团股份有限公司独立董事。 2023 年 11 月至今任公司独立董事。 （二）独立性说明 本人通过进行独立董事独立性情况年度自查，符合中国证监会《上市公司独 立董事管理办法》中关于独立性的规定，不存在任何影响独立性的情形，并已将 自查情况报告提交公司董事会。 二、独立董事年度履职概况 （一）出席董事会及股东大会的情况 2024 年度，公司召开了 6 次董事会及 2 次股东大会，公司董事会、股东大 会的召集召开符合法定程序，重大经营决策事项和其他重大事项均履行了相应的 审批程序。本人均按时出席或列席了上述会议，对董事会上审议的所有议案均投 1 了同意票，无反对票及弃权票。本着勤勉尽责的态度，我认真审阅会议材料，积 极参与各议题的讨论并提出合理建议，为董事会 ...

2024 年度独立董事述职报告 本人作为广东万里马实业股份有限公司（以下简称"公司"）的独立董事， 严格按照《公司法》《证券法》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》《上市公司独立董事管理办法》《公司章程》 等法律、法规以及规范性文件的规定和要求，在 2024 年度的工作中，忠实、勤 勉、独立地履行独立董事职责，出席相关会议。现对 2024 年度履职情况作如下 汇报： 广东万里马实业股份有限公司 一、独立董事的基本情况 （一）个人履历 本人张昱，1971 年 5 月出生，中国国籍，无境外永久居留权，研究生学历， 博士学位，经济学教授。2011 年 9 月至 2022 年 12 月任广东外语外贸大学广州 国际商贸中心研究基地主任。2022 年 10 月至今任广东外语外贸大学国际贸易研 究院副院长、广州开放经济研究中心主任。2022 年 12 月至今任公司独立董事。 （二）独立性说明 作为公司的独立董事，经自查，本人符合《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 2 号——创业板上市公司规范运作》等相 关法律法规中对独立董事独立性的相关要求，不存在影响 ...

一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.4336 | -0.1764 | -145.8 | -0.5497 | | 每股净资产（元） | 0.77 | 1.21 | -36.36 | 1.37 | | 每股公积金(元) | 1.34 | 1.34 | 0 | 1.33 | | 每股未分配利润(元) | -1.61 | -1.18 | -36.44 | -1.00 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 5.87 | 6.18 | -5.02 | 4.76 | | 净利润(亿元) | -1.76 | -0.72 | -144.44 | -2.13 | | 净资产收益率(%) | -43.74 | -13.71 | -219.04 | -37.45 | 数据四舍五入，查看更多财务数据>> 三、分红送配方案情况 二、前10名无限售条件股东持股情况 不分配不转增 | 名称 | ...

Financial Performance - The company reported a decline in main business revenue due to intensified industry competition, with group buying channel sales amounting to 268.36 million, 377.20 million, and 363.77 million in the last three years, representing 58.56%, 61.60%, and 62.86% of total revenue respectively [4]. - The company's operating revenue for 2024 was ¥586,570,863.98, a decrease of 5.07% compared to ¥617,893,004.20 in 2023 [22]. - The net profit attributable to shareholders for 2024 was -¥175,898,032.95, representing a decline of 145.83% from -¥71,552,794.26 in 2023 [22]. - The company reported a basic and diluted earnings per share of -¥0.4336 for 2024, a decline of 145.80% from -¥0.1764 in 2023 [22]. - The company reported a total of ¥35,600,020.38 in non-recurring losses for 2024, compared to a gain of ¥11,068,218.50 in 2023 [28]. - The company reported a net loss attributable to shareholders of ¥175,898,032.95, primarily due to intensified industry competition and reduced order volumes [99]. - The company's main business revenue for 2024 was CNY 57,868.03 million, a decrease of 5.57% from CNY 61,232.43 million in 2023 [83]. Cost and Expenses - Fixed costs have negatively impacted profits, with high unit labor costs and manufacturing expenses due to underutilized capacity in the group buying business, alongside significant marketing expenses in the e-commerce sector [6]. - The company incurred inventory impairment losses of ¥25,567,200, including a provision for inventory depreciation of ¥25,567,200 and bad debt provisions of ¥11,770,100 [100][101]. - The total operating costs for the company were ¥506,944,823.60, a slight increase of 0.20% from the previous year [111]. - The company reported a 31.90% increase in labor costs, which constituted 19.03% of total operating costs [112]. - Sales expenses increased by 6.98% to ¥80,042,341.02, while management expenses rose by 9.20% to ¥46,175,391.39 [116]. - Financial expenses surged by 48.70% to ¥11,678,984.07, primarily due to increased interest expenses from sale-leaseback transactions [116]. Market and Industry Trends - The overall industry remains competitive, but the footwear sector is expected to recover as consumer confidence improves, supported by China's economic growth [9]. - The leather goods industry in China is experiencing a growth of 3.7% in revenue, reaching CNY 853.32 billion in 2024, with a profit total of CNY 46.09 billion, reflecting a 1.6% increase [42]. - The consumer spending on clothing and footwear has shown a modest growth of 0.3%, with retail sales amounting to CNY 1,469.1 billion in 2024 [46]. - The domestic leather goods market is primarily dominated by international luxury brands, with local brands mainly competing in the mid to low-end segments [32]. - The industry is transitioning towards a focus on brand building, with an emphasis on quality, culture, and fashion as key differentiators [49]. - The market for mid-to-high-end leather goods is expanding rapidly, with major players leveraging multi-brand strategies to capture market share [39]. Strategic Initiatives - The company plans to not distribute cash dividends or issue bonus shares, indicating a focus on retaining earnings for future investments [10]. - The company is actively adjusting its operational strategy by closing unprofitable stores to mitigate risks associated with declining consumer traffic [4]. - The company aims to enhance brand recognition and user interaction by focusing on personalized consumer demands and digital transformation [57]. - The company plans to expand its protective equipment business into the firefighting and rescue sector, aligning with government initiatives to enhance emergency management capabilities [84]. - The company is exploring new strategies for product innovation and market reach, particularly in the health and wellness segments [124]. Sales Channels and Distribution - The company has established five major sales channels, including group purchasing, direct sales, e-commerce, wholesale agents, and ODM, with group purchasing showing strong growth [55]. - E-commerce sales accounted for 23.35% of total revenue in 2024, down from 26.45% in 2023, indicating a shift in sales channels [83]. - The direct sales channel focuses on enhancing customer experience in major urban areas, with a strategy to expand into surrounding cities to build a national marketing network [72]. - The e-commerce channel has become a significant platform for sales, with the company leveraging online marketplaces like Taobao, Tmall, and JD.com for product distribution [73]. - The wholesale agent channel has rapidly expanded nationwide, improving product market coverage and ensuring effective management of agents [75]. Research and Development - The company’s R&D team has been recognized with multiple awards, indicating a strong commitment to product quality and innovation [96]. - Research and development (R&D) expenditure amounted to ¥30,206,773.60, representing 5.15% of operating revenue, an increase from 4.96% in the previous year [127]. - The company is committed to upgrading its research and development, production automation, and information technology to enhance product quality and competitiveness [155]. Governance and Compliance - The company has established a complete governance structure in compliance with relevant laws and regulations, ensuring no significant discrepancies with regulatory requirements [176]. - The board of directors consists of 7 members, including 3 independent directors, meeting legal and regulatory requirements [179]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, ensuring autonomous business capabilities [182]. - The company has established a performance evaluation and incentive mechanism to assess and reward employees and executives [181]. Investment and Financing - The company raised a total of RMB 180,290,000.00 from the issuance of convertible bonds, with a net amount of RMB 172,987,142.45 after deducting issuance costs [139]. - The company approved the use of up to 370 million RMB of idle raised funds to temporarily supplement working capital, with a usage period not exceeding 12 months from the board's approval date [146]. - The company has committed to invest a total of 12,000 million CNY in the smart manufacturing upgrade project, with a completion progress of 63.87% as of the reporting period [144].

Financial Performance - The company's operating revenue for Q1 2025 was ¥84,317,163.17, a decrease of 32.50% compared to ¥124,921,172.84 in the same period last year[5] - The net loss attributable to shareholders for Q1 2025 was ¥12,920,188.08, representing a 113.35% increase in loss compared to ¥6,055,993.56 in the previous year[5] - The basic and diluted earnings per share for Q1 2025 were both -¥0.0318, a decrease of 113.42% compared to -¥0.0149 in the previous year[5] - Total operating revenue decreased to ¥84,317,163.17 from ¥124,921,172.84, representing a decline of approximately 32.4% year-over-year[16] - Net loss for the period was ¥12,409,817.88, compared to a net loss of ¥5,597,509.05 in the previous period, indicating a worsening of approximately 121.5%[17] Cash Flow - The net cash flow from operating activities was -¥52,994,121.82, a decline of 91.82% from -¥27,627,614.44 in the same period last year[5] - Operating cash inflow for the current period was $91,221,789.61, down 34% from $138,069,885.01 in the previous period[19] - Net cash outflow from operating activities was -$52,994,121.82, compared to -$27,627,614.44 in the prior period, indicating a worsening cash flow situation[19] - Total cash outflow from operating activities was $144,215,911.43, down 13% from $165,697,499.45 in the previous period[19] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥755,463,456.02, a slight increase of 0.18% from ¥754,120,365.51 at the end of the previous year[5] - Total liabilities increased to ¥437,119,546.31 from ¥423,414,582.00, reflecting a rise of about 3.9%[14] - The total equity attributable to shareholders decreased by 4.10% to ¥300,995,573.68 compared to ¥313,867,817.68 at the end of the previous year[5] Research and Development - The company's R&D expenses for Q1 2025 were ¥3,950,350.84, down 46.65% from ¥7,405,178.70 in the same period last year[8] - Research and development expenses decreased to ¥3,950,350.84 from ¥7,405,178.70, a reduction of approximately 46.6% year-over-year[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,634[9] - The largest shareholder, Lin Dayao, holds 11.28% of shares, totaling 45,765,700 shares, with 20,000,000 shares pledged[9] - Lin Dazhou, the second-largest shareholder, owns 3.97% of shares, amounting to 16,086,800 shares, with 8,000,000 shares pledged[9] Inventory and Prepayments - The company reported a significant increase in prepayments, which rose by 176.69% to ¥29,016,128.39, primarily due to increased procurement payments[8] - The inventory level increased by 35.67% to ¥130,176,255.65, attributed to a rise in production orders[8] - Inventory rose significantly to ¥130,176,255.65 from ¥95,953,194.02, indicating an increase of approximately 35.5%[12] Cash and Equivalents - The company's cash and cash equivalents decreased to ¥102,425,646.04 from ¥158,476,718.50, reflecting a decline of approximately 35.4%[12] - The ending cash and cash equivalents balance decreased to $101,504,625.44 from $110,856,513.39, a decline of approximately 8%[20]

2024 年度非经营性资金占用及其他关联资金往来情况汇总表 | | | 占用方与上市公 | 上市公司核算 | 2024 年期初占 | 2024 年度占 | 2024 年度占 | 2024 年度偿 | 2024 年期末占 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用方名称 | 司的关联关系 | 的会计科目 | 用资金余额 | 用累计发生金 | 用资金的利息 | 还累计发生 | 用资金余额 | 占用形成原因 | 占用性质 | | | | | | | 额（不含利息） | (如有） | 金额 | | | | | 现大股东及其附属企业 | 无 | | | | | | | | | | | 小计 | - | - | - | - | - | - | - | - | - | - | | 前大股东及其附属企业 | 无 | | | | | | | | | | | 小计 | - | - | - | - | - | - | - | - | - | - | | 总计 | - | - | - | - | ...

证券代码：300591 证券简称：万 里 马 公告编号：2025-021 广东万里马实业股份有限公司 关于 2024 年度募集资金存放与使用情况的专项报告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、募集资金基本情况 （一）募集资金金额及到位时间 1. 公开发行可转换公司债券募集资金 经中国证券监督管理委员会《关于核准广东万里马实业股份有限公司公开发 行可转换公司债券的批复》（证监许可[2019]1572 号）文核准，并经深圳证券交 易所同意，由承销商海通证券股份有限公司（以下简称"海通证券"）组织发行 可转换公司债券计 180.29 万张，每张面值为人民币 100.00 元，按面值发行。本 次发行的可转换公司债券向股权登记日（2019 年 10 月 10 日）收市后登记在册 的公司原股东实行优先配售，原股东优先配售后余额部分（含原股东放弃优先配 售部分）通过深交所交易系统网上向社会公众投资者发行，本次发行认购金额不 足 18,029.00 万元的部分由主承销商包销。本次发行可转换公司债券募集资金总 额为 180,290,000.00 元，扣除发行费用 ...