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]

Core Viewpoint - The company has announced the decision to utilize up to 550 million yuan of temporarily idle raised funds for cash management purposes, focusing on low-risk, high-security financial products [1] Group 1: Financial Management - The funds will be used to purchase low-risk, high-security principal-protected financial products, including structured deposits and guaranteed return financial products [1] - The investment will also include deposits placed in bank accounts under agreed terms, with a validity period of within 12 months [1] - The funds can be rolled over within the specified limit, ensuring that the investment projects funded by the raised capital and the company's normal operations will not be affected [1]

Group 1 - The company, Jiama Clothing, held its fourth board meeting on September 29, 2025, to discuss the proposal for using part of the idle raised funds for cash management [1] - The meeting was conducted in a hybrid format, combining in-person and communication methods [1] - The agenda included the review of the proposal regarding the management of idle funds [1]

二、募集资金使用情况说明 截至2025年6月30日，本公司募集资金基本情况如下： 单位：万元 | 项目 | 金额 | | --- | --- | | 募集资金净额 | 99,458.56 | | 加：利息收入 | 42.90 | | 减：使用部分超募资金永久补充流动资金 | 14,000.00 | | 减：募投项目支出 | 8,000.00 | | 减：银行手续费 | 0.01 | | 加：尚未支付的发行费用 | 349.06 | | 加：以自有资金预先支付尚未置换的发行费用 | 819.99 | | 2022年12月31日募集资金余额 | 78,670.50 | 东兴证券股份有限公司 关于北京嘉曼服饰股份有限公司 拟使用部分闲置募集资金进行现金管理的核查意见 东兴证券股份有限公司（以下简称"保荐机构"或"东兴证券"）作为北 京嘉曼服饰股份有限公司（以下简称"嘉曼服饰"或"公司"）首次公开发行 股票并在创业板上市的保荐机构，根据《证券发行上市保荐业务管理办法》《上 市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》《深圳证 券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 ...