证券代码：301276 证券简称：嘉曼服饰 公告编号：2025-043 北京嘉曼服饰股份有限公司 关于 2025 年前三季度计提资产减值准备的公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 北京嘉曼服饰股份有限公司（以下简称"公司"）根据《深圳证券交易所创 业板股票上市规则》《深圳证券交易所创业板上市公司自律监管指南第 1 号—— 业务办理》《企业会计准则》及公司会计政策相关规定，基于谨慎性原则，为了 更加真实、准确的反映公司 2025 年前三季度的资产与财务状况，对截止 2025 年 9 月 30 日的合并报表范围内相关资产计提减值准备。具体情况如下： 一、本次计提减值准备的概述 （一）本次计提资产减值准备的原因 根据《企业会计准则》及公司会计政策的相关规定，公司对合并报表范围内 截至 2025 年 9 月 30 日的应收账款、其他应收款、合同资产、存货、其他权益工 具、长期股权投资、固定资产、在建工程、无形资产、使用权资产、商誉等资产 进行了全面清查，对各类资产进行了充分的评估和分析，对可能发生减值损失的 资产计提减值准备。 （二）本次计提资产减值准备 ...

Financial Performance - The company's revenue for Q3 2025 was ¥210,666,298.03, representing a 2.12% increase compared to the same period last year[5] - Net profit attributable to shareholders decreased by 69.78% to ¥3,483,178.38, while the net profit after deducting non-recurring gains and losses was a loss of ¥2,408,832.13, down 132.46%[5] - The basic earnings per share fell by 66.67% to ¥0.03, and the diluted earnings per share also decreased by 66.67% to ¥0.03[5] - The total profit decreased by 34.76% to ¥89,762,419.51, mainly due to a decline in other income and an increase in selling expenses[11] - Net profit for the period was ¥67,533,957.37, a decrease of 35% from ¥103,880,930.99 in the previous period[22] - The net profit attributable to the parent company shareholders for the current period is ¥67,533,957.37, a decrease from ¥103,880,930.99 in the previous period, representing a decline of approximately 35%[23] - The basic and diluted earnings per share for the current period are both ¥0.52, down from ¥0.80 in the previous period, indicating a decrease of 35%[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,573,522,870.15, a decrease of 1.01% from the end of the previous year[5] - The company's total assets at the end of the period were ¥2,573,522,870.15, slightly down from ¥2,599,826,835.65 at the beginning of the period[20] - Current assets totaled ¥1,973,514,967.71, a marginal increase from ¥1,956,564,851.93 at the start of the period[19] - Total liabilities decreased to ¥489,563,880.76 from ¥505,641,803.63, a reduction of 3.2%[20] - The company's equity attributable to shareholders was ¥2,083,958,989.39, down from ¥2,094,185,032.02, a decline of 0.5%[20] Cash Flow - Cash flow from operating activities showed a net outflow of ¥59,807,199.37, a significant decline of 338.14% compared to the previous year[12] - The net cash flow from operating activities for the current period is -¥59,807,199.37, compared to a positive cash flow of ¥25,114,423.58 in the previous period[24] - Cash inflow from operating activities totaled ¥742,593,774.27, slightly increasing from ¥738,842,921.20 in the previous period[25] - Cash outflow from operating activities increased to ¥802,400,973.64 from ¥713,728,497.62 in the previous period, reflecting a rise of approximately 12.4%[25] - The net cash flow from investing activities for the current period is ¥125,915,469.76, down from ¥419,637,828.38 in the previous period, indicating a decrease of approximately 70%[26] - Cash and cash equivalents at the end of the period stand at ¥600,966,962.50, compared to ¥423,212,569.38 at the end of the previous period, showing an increase of approximately 42%[26] - The total cash inflow from investment activities is ¥4,744,655,024.60, up from ¥3,761,863,154.81 in the previous period, representing an increase of approximately 26%[25] - The total cash outflow from investment activities is ¥4,618,739,554.84, compared to ¥3,342,225,326.43 in the previous period, reflecting an increase of approximately 38%[26] - The net cash flow from financing activities is -¥93,403,140.43, slightly improved from -¥94,187,458.77 in the previous period[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,636[14] - Liu Wei holds 45.81% of the shares, amounting to 59,372,690 shares[14] - The total number of restricted shares at the beginning of the period was 69,597,345, with 13,938,549 shares added during the period, resulting in a total of 83,535,894 restricted shares at the end[16] - The largest shareholder, Liu Wei, has 58,832,690 restricted shares, which will be released on March 9, 2026[16] - The second-largest shareholder, Cao Shengkui, holds 9,058,135 shares, with 1,509,689 shares added during the period[16] - The company has a total of 3,265,888 shares held by Beijing Liyuan Zhengtong Investment Partnership[14] - The top ten shareholders include individuals and investment firms, with significant holdings from natural persons[14] - The company has not reported any changes in the participation of major shareholders in margin trading activities[15] - The total number of shares held by the top ten unrestricted shareholders is 6,000,000 shares[15] - The company has a clear lock-up period for its major shareholders, with most set to expire on March 9, 2026[16] Operating Revenue and Costs - Total operating revenue for the period reached ¥707,894,683.93, an increase of 3.2% compared to ¥686,680,691.23 in the previous period[22] - Total operating costs amounted to ¥621,762,496.48, up 10.1% from ¥564,627,104.14 in the prior period[22] - The company reported a significant increase in sales expenses, which rose to ¥298,843,168.32 from ¥239,151,552.39, an increase of 24.9%[22]

Core Viewpoint - The company, Jiama Clothing (301276), announced that as of now, neither it nor its subsidiaries have any overdue guarantees or are involved in any lawsuits related to guarantees, nor have they been ordered to bear any loss amounts due to guarantee-related judgments [1] Summary by Category - **Company Status** - Jiama Clothing and its subsidiaries currently do not have any overdue guarantees [1] - There are no ongoing lawsuits related to guarantees involving the company [1] - The company has not been ordered to bear any losses due to guarantee-related judgments [1]

证券代码：301276 证券简称：嘉曼服饰 公告编号：2025-042 北京嘉曼服饰股份有限公司 关于公司对外担保的进展公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、担保情况介绍 北京嘉曼服饰股份有限公司（以下简称"公司"）分别于 2025 年 4 月 24 日、 2025 年 5 月 19 日召开第四届董事会第七次会议及 2024 年年度股东大会，审议 通过了关于《关于公司及子公司 2025 年度向银行申请综合授信额度暨对外担保 的议案》，同意公司及合并报表范围内的子公司（下同）拟向部分银行申请综合 授信总额最高不超过人民币 180,000 万元，有效期自 2024 年年度股东大会审议 通过之日起 12 个月内，授信额度在上述期限内可循环使用。同时公司将根据各 金融机构要求，在上述额度内为全资子公司嘉曼服饰（天津）有限公司（以下简 称"天津嘉曼"）、天津嘉士服装服饰有限公司（以下简称"天津嘉士"）、宁 波嘉迅服饰有限公司（以下简称"宁波嘉迅"）、暇步士（北京）品牌管理有限 公司（以下简称"北京暇步士"）、江苏嘉帆服饰有限公司（以下简称"江苏嘉 帆" ...

Group 1 - The company, Jiama Clothing, announced the convening of the 8th meeting of the 4th Board of Directors and the 2nd extraordinary general meeting of shareholders on August 27, 2025, and September 17, 2025, respectively, to review and approve the proposal on the revision of corporate governance-related systems [1] - The company has completed the business change registration procedures and received a new business license issued by the Market Supervision Administration of Shijingshan District, Beijing [1]

北京嘉曼服饰股份有限公司 关于完成工商变更登记并换发营业执照的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 公司分别于 2025 年 8 月 27 日、2025 年 9 月 17 日召开了第四届董事会第八次会 议和 2025 年第二次临时股东大会，审议通过了《关于修订<公司章程>及公司治理相 关制度的议案》。近日，公司已完成工商变更登记手续，并领取了北京市石景山区市 场监督管理局换发的《营业执照》，相关登记信息如下： 证券代码：301276 证券简称：嘉曼服饰 公告编号：2025-041 注册资本：12960 万元 成立时间：1992 年 09 月 16 日 经营范围：一般项目：服装制造；服饰制造；服饰研发；服装服饰批发；服装服 饰零售；鞋制造；鞋帽批发；鞋帽零售；箱包制造；箱包销售；母婴用品制造；母婴 用品销售；针纺织品及原料销售；针纺织品销售；家用纺织制成品制造；家居用品制 造；家居用品销售；日用百货销售；日用品批发；日用品销售；日用杂品制造；日用 杂品销售；化妆品批发；化妆品零售；日用口罩（非医用）生产；日用口罩（非医用） 销售；计算机软硬件及辅 ...

Core Viewpoint - Tianfeng Securities' report indicates that Jiama Clothing's net profit attributable to shareholders in the first half of the year was 60 million, a decrease of 31% year-on-year, with Q2 net profit down 50% to 20 million [1] Group 1: Financial Performance - Jiama Clothing's net profit for the first half of the year was 60 million, reflecting a year-on-year decline of 31% [1] - In Q2, the net profit attributable to shareholders was 20 million, representing a significant decrease of 50% compared to the same period last year [1] Group 2: Business Strategy and Outlook - The company began self-operating the Hush Puppies men's and women's clothing line from mid-last year, with the revenue contribution from this segment expected to reach 10.06% by the end of 2024 [1] - In the first half of this year, the revenue contribution from the men's and women's clothing segment increased to 22.87% [1] - The company is optimistic about the future market potential of the Hush Puppies brand, supported by product upgrades, channel image renewal, and structural adjustments [1] Group 3: Investment Rating - Following the acquisition of Hush Puppies, the company has intensified store upgrades and marketing efforts, leading to an adjustment in profit forecasts while maintaining a "Buy" rating [1]

Group 1 - On October 10, Jiaman Apparel's stock rose by 0.91%, with a transaction volume of 39.72 million yuan [1] - As of October 10, the total margin balance for Jiaman Apparel was 175 million yuan, accounting for 17.84% of its market capitalization, indicating a high level of financing [1] - For the same day, Jiaman Apparel had a net margin buy of -13.01 million yuan, with a financing buy of 2.77 million yuan and a repayment of 15.78 million yuan [1] Group 2 - As of June 30, Jiaman Apparel had 12,300 shareholders, an increase of 9.51% from the previous period, with an average of 3,742 circulating shares per shareholder, up by 9.53% [2] - For the first half of 2025, Jiaman Apparel reported a revenue of 497 million yuan, a year-on-year increase of 3.51%, while the net profit attributable to shareholders decreased by 30.65% to 64.05 million yuan [2] Group 3 - Since its A-share listing, Jiaman Apparel has distributed a total of 199 million yuan in dividends [3] - As of June 30, 2025, among the top ten circulating shareholders, Nuoan Multi-Strategy Mixed A (320016) was the fourth largest shareholder with 555,100 shares, marking its entry as a new shareholder [3] - Huashang Leading Enterprises Mixed (630001) has exited the list of the top ten circulating shareholders [3]

Core Viewpoint - The company reported a decline in net profit for the first half of 2025, despite a slight increase in revenue, indicating challenges in profitability and operational efficiency [1][2]. Financial Performance - In Q2 2025, the company achieved revenue of 200 million, a year-on-year increase of 5%, while the net profit attributable to the parent company was 20 million, a decrease of 50%. The net profit after deducting non-recurring items was 6 million, down 64% [1]. - For the first half of 2025, the company reported revenue of 500 million, a year-on-year increase of 4%. The net profit attributable to the parent company was 60 million, down 31%, and the net profit after deducting non-recurring items was 40 million, down 28% [2]. Brand Development - The company began self-operating the Hush Puppies brand for men's and women's clothing from mid-last year, with expectations that by the end of 2024, this category will account for 10.06% of total revenue. In the first half of this year, the revenue share from men's and women's clothing increased to 22.87% [2]. - The growth rate of Hush Puppies men's and women's clothing aligns with the company's expectations, and there is confidence in further market expansion due to product upgrades and channel restructuring [3]. Brand Portfolio - Hush Puppies, established in 1958, is the company's main proprietary brand, with a recent acquisition of its full-category IP assets in mainland China and Hong Kong and Macau [4]. - The company also owns the "Water Children" brand, founded in 1995, focusing on children's clothing, and has a strong market presence [4]. - The authorized brand Hazzys, launched in 2000, is known for its British campus style and is part of the company's diverse brand portfolio, which includes high-end children's clothing brands like EMPORIO ARMANI, KENZO KIDS, and HUGO BOSS [4]. Profit Forecast Adjustment - Based on the financial performance in the first half of 2025 and the acquisition of Hush Puppies, the company has adjusted its profit forecasts, expecting revenues of 1.14 billion, 1.21 billion, and 1.30 billion for 2025-2027, with net profits of 140 million, 160 million, and 190 million respectively [5].

Investment Rating - The investment rating for the company is "Buy" with a target price set for the next six months [5] Core Views - The company has shown a gradual increase in the revenue contribution from its self-operated Hush Puppies men's and women's clothing line, which reached 22.87% in the first half of 2025, with expectations to grow to 10.06% by the end of 2024 [1] - The financial performance for the first half of 2025 indicates a revenue of 500 million yuan, a 4% increase year-on-year, while the net profit attributable to the parent company decreased by 31% to 60 million yuan [1] - The company has acquired full-category IP assets of the Hush Puppies brand in mainland China and Hong Kong, enhancing its brand matrix and market presence [2] Financial Performance Summary - The company adjusted its revenue forecasts for 2025-2027, expecting revenues of 1.14 billion, 1.21 billion, and 1.30 billion yuan respectively, with net profits of 140 million, 160 million, and 190 million yuan [3] - The projected PE ratios for 2025, 2026, and 2027 are 19x, 17x, and 15x respectively [3] - The financial data indicates a slight revenue growth of 0.76% in 2023, followed by a projected decline of 4.57% in 2024, and a recovery with 4.05% growth in 2025 [4] Brand and Market Position - The Hush Puppies brand, established in 1958, has become the company's main proprietary brand following the acquisition of its IP assets [2] - The company also operates other well-known brands, including children's clothing brand "Water Child" and the licensed brand "Hazzys," which reflects a diverse brand matrix [2]