Core Viewpoint - The company, Jiama Clothing, reported that the autumn and winter seasons are peak sales periods, with competitive products in the market and better-than-expected sales across various brands and channels [2] Group 1 - The company's autumn and winter products are performing well in the market compared to similar products [2] - Sales from the company's brands and channels are exceeding expectations [2] - The HushPuppies adult footwear category has started self-operation, contributing additional sales revenue, although it is still in the early stages with a low sales proportion [2]

Group 1 - The company, Jiama Clothing, expressed its commitment to maintaining a relatively stable dividend ratio as part of its strategy to actively return value to investors [2] - The company indicated that with the continuous improvement in its profitability, it does not rule out the possibility of further increasing the dividend ratio in the future, provided there are no significant capital expenditures [2]

Core Viewpoint - The company, Jiama Clothing (嘉曼服饰), has transitioned to self-operating the HushPuppies footwear line after the expiration of the previous online licensing agreement on June 30 this year, indicating a positive growth trend despite currently low sales contribution [1] Group 1 - The company began self-operating the HushPuppies footwear business starting in the fourth quarter of this year [1] - The sales contribution from the HushPuppies brand is currently small, but the development trend is reported to be good [1] - The company plans to enhance marketing efforts for the HushPuppies brand and will consider opening independent stores for HushPuppies adult footwear in quality channels next year [1]

Group 1 - The core viewpoint of the article indicates that Jiama Clothing (301276) reported a balanced sales performance between men's and women's apparel, with men's sales slightly outperforming women's sales [1] Group 2 - The company specifically mentioned that HushPuppies brand men's clothing is currently performing better than women's clothing [1] - Overall, the sales dynamics between men's and women's clothing lines are relatively balanced [1]

Group 1 - The core viewpoint of the article is that the main pricing range for Hush Puppies adult shoes is between 900 yuan and 1700 yuan [1]

证券日报网12月16日讯嘉曼服饰（301276）在12月16日回答调研者提问时表示，公司旗下各品牌的大型 线下订货会有春夏和秋冬两季，间或有小型订货会进行补货。 ...

Group 1 - The core viewpoint of the article is that Jiama Clothing (SZ 301276) announced it will accept a research visit from Huaxi Securities on December 16, 2025, with the company's Deputy General Manager and Board Secretary Cheng Linna participating in the reception and answering investor questions [1] - For the first half of 2025, Jiama Clothing's revenue composition is as follows: children's clothing accounts for 75.95%, men's and women's clothing accounts for 22.87%, and other businesses account for 1.18% [1] - As of the time of reporting, Jiama Clothing has a market capitalization of 3.2 billion yuan [1]

Sales Performance - The sales performance for the fourth quarter is better than expected, particularly for the autumn and winter seasons, which are peak sales periods for the company [2] - The Hush Puppies adult footwear category has started self-operation, contributing additional sales revenue, although its current sales proportion remains low [2] Hush Puppies Development - The online authorization for Hush Puppies' previous authorized dealer expired on June 30, leading to the company's self-operation of the Hush Puppies footwear business starting in the fourth quarter [2] - The sales trend for Hush Puppies adult footwear is positive, with plans to open independent stores in the future [2] Pricing and Sales Structure - The main price range for Hush Puppies adult footwear is between 900 and 1700 yuan [3] - The sales ratio of Hush Puppies men's clothing is slightly better than women's clothing, with overall sales being relatively balanced [3] Dividend Policy - The company aims to maintain a stable dividend ratio as part of its commitment to return value to investors, with potential increases in the dividend ratio as profitability improves [3]

（文章来源：证券日报） 证券日报网12月11日讯嘉曼服饰在12月11日回答调研者提问时表示，公司暂未开展跨境电商，但有持续 关注海外市场情况，未来不排除择机布局海外市场。 ...

Core Viewpoint - The company is continuously optimizing and expanding its offline channels by strategically opening stores in high-traffic shopping centers and department stores while closing underperforming locations [1] Group 1: Store Strategy - The company focuses on opening stores in popular shopping centers or department stores with high foot traffic [1] - The company is closing some older stores that have thin profit margins [1] - There will be updates and upgrades to store image and displays [1] Group 2: Product Focus - The company plans to emphasize the development of high-quality direct-operated channels for men's and women's clothing and adult footwear [1] - The company will also support the expansion of franchise channels to strengthen brand image and improve consumer accessibility [1]