嘉曼服饰最新一期业绩显示，截至2025一季报，公司营业总收入2.95亿元、同比增长2.71%，归属净利 润4460.22万元，同比减少16.09%，扣非净利润3797.77万元，同比减少15.37%，流动比率4.306、速动比 率3.184、资产负债率19.46%。 金融界消息 截至2025年7月31日收盘，嘉曼服饰（301276）报收于24.96元，上涨6.99%，换手率 22.27%，成交量10.26万手，成交金额2.51亿元。 资金流向方面，今日主力资金净流入3183.93万元，占比成交额12.68%。其中，超大单净流入1137.31万 元、占成交额4.53%，大单净流入2046.62万元、占成交额8.15%，中单净流出流出1349.86万元、占成交 额5.38%，小单净流出1834.07万元、占成交额7.3%。 通过天眼查大数据分析，北京嘉曼服饰股份有限公司共对外投资了17家企业，参与招投标项目2次，知 识产权方面有商标信息255条，专利信息4条，此外企业还拥有行政许可6个。 来源：金融界 天眼查商业履历信息显示，北京嘉曼服饰股份有限公司，成立于1992年，位于北京市，是一家以从事纺 织服装、服饰业为 ...

证券之星消息，7月30日服装家纺板块较上一交易日上涨0.72%，泰慕士领涨。当日上证指数报收于 3615.72，上涨0.17%。深证成指报收于11203.03，下跌0.77%。服装家纺板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 001234 | 泰尊士 | 25.70 | 10.02% | 10.43万 | | 2.60亿 | | 603839 | 安正时尚 | 8.58 | 10.00% | 21.44万 | | 1.79亿 | | 605138 | 盛泰集团 | 7.84 | 9.96% | 4.56万 | | 3575.22万 | | 603001 | 奥康国际 | 8.40 | 5.26% | - 14.75万 | | 1.21亿 | | 301276 | 嘉曼服饰 | 23.33 | 3.97% | 7.59万 | | 1.73亿 | | 603665 | 康隆达 | 25.93 | 3.18% | 3.85万 | | 1.00亿 | | 00 ...

Investment Rating - The report rates the mother and baby consumption industry as "Overweight" [2][9] Core Insights - The introduction of a national childcare subsidy of 3,600 yuan per child per year, totaling up to 10,800 yuan per child, is expected to improve consumption expectations in the mother and baby sector [3] - The report highlights that despite a decline in birth rates over the past seven years, the overall mother and baby market has experienced a compound annual growth rate (CAGR) of over 15% from 2018 to 2024 due to consumption upgrades and refined parenting [3] - The report emphasizes the rise of domestic brands in the mother and baby sector, with significant market share gains and a return of industry influence to local brands [3] Summary by Sections National Childcare Subsidy - The national childcare subsidy program will start on January 1, 2025, providing cash subsidies to families with children under three years old, with a basic standard of 3,600 yuan per year [3] - Local governments are expected to introduce additional subsidies, creating a wave of local support for childbirth [3] Market Growth and Opportunities - The mother and baby market is projected to rebound due to improved policies and an anticipated increase in birth rates in 2024 [3] - Key sectors and companies recommended for investment include: - Fertility and reproductive health: Focus on companies like Jinxin Reproductive and Livzon Pharmaceutical [3] - Infant nutrition: Recommendations include China Feihe and Yili Group [3] - Baby appliances: Suggested investment in Bear Electric [3] - Apparel and home textiles: Companies like Semir and Anta are highlighted [3] - Baby care products: Brands such as Runben and New Page are recommended [3] Valuation Table - The report includes a valuation table with various companies in the mother and baby sector, indicating their stock prices, market capitalization, and profit forecasts for 2025, 2026, and 2027, along with corresponding investment ratings [4]

Investment Rating - The textile and apparel industry is rated positively, with a focus on new growth directions due to the recovery of domestic demand in 2025 [2][10]. Core Insights - The textile and apparel sector underperformed the market recently, with the SW textile and apparel index dropping by 5.1% from June 16 to June 20, lagging behind the SW All A index by 3.9 percentage points [1][3]. - Recent industry data shows a 3.1% year-on-year increase in retail sales for clothing, shoes, and textiles, totaling 493.9 billion yuan from January to April 2025 [2][23]. - Exports of textiles and apparel from January to May 2025 reached 116.67 billion USD, a 1.0% increase year-on-year, with specific categories showing varied performance [2][27]. Summary by Sections Textile Sector - The textile export performance from China and Vietnam showed a decline in May, with China's textile and apparel exports amounting to 26.21 billion USD, a 0.6% year-on-year increase [7][27]. - The U.S. International Trade Court ruled against unilateral tariff increases, which may positively impact the textile sector by easing trade barriers [7][8]. - Short-term opportunities are identified in companies like Weixing and Xin'ao, which are expected to benefit from improved export conditions [8][10]. Apparel Sector - The 618 shopping festival reported significant growth, with Tmall's GMV increasing by 10% year-on-year and JD's user orders more than doubling [9][10]. - Notable brands like FILA and Nike continue to dominate the sports and outdoor categories, with FILA leading in sales during the festival [9][10]. - The report emphasizes the importance of domestic demand recovery as a key investment theme for 2025, highlighting potential growth in high-performance sports apparel and home textiles [10][39]. Market Dynamics - The cotton price index showed a slight increase in domestic prices, while international cotton prices experienced a decline [35][36]. - The report notes a significant shift in consumer behavior towards high-quality growth and simplified purchasing processes during major sales events [9][10]. - The overall textile and apparel market is expected to see structural investment opportunities rather than broad-based recovery, focusing on quality brands and innovative products [8][10].

证券代码：301276 证券简称：嘉曼服饰 公告编号：2025-026 北京嘉曼服饰股份有限公司 关于特定股东减持计划实施完成的公告 1. 股东减持股份情况 | 减持均价 ( | 减持股数 | (股) | 减持方式 | 减持期间 | 减持 | 名称 | 单位：元) | | --- | --- | --- | --- | --- | --- | --- | --- | | 比例 | | | | | | | | | 深圳市架桥富 | 凯股权投资企 | | | | | | | | 4月18日至6 | 业（有限合 | 月16日 | 集中竞价 | 1,079,990 | 21.21 | 1% | | | 伙）及其一致 | 行动人天津架 | | | | | | | | 桥富凯股权投 | 资基金合伙企 | | | | | | | | 业（有限合 | 伙） | | | | | | | | 4月18日至6 | 2,265,588 | 大宗交易 | 2% | 18.57 | 月16日 | | | | 3,345,578 | 合计 | 3% | | | | | | 公司股东深圳市架桥富凯股权投资企业（有限合伙）及其一致行动人天津架 ...

北京嘉曼服饰股份有限公司 关于变更持续督导保荐代表人的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或者重大遗漏。 北京嘉曼服饰股份有限公司（以下简称"公司"）于今日收到东兴证券股 份有限公司（以下简称"东兴证券"）《关于更换北京嘉曼服饰股份有限公司 首次公开发行 A 股股票持续督导保荐代表人的情况说明》，东兴证券作为北京 嘉曼服饰股份有限公司首次公开发行 A 股股票的保荐机构，原指定保荐代表人 姚浩杰先生、王会然女士具体负责公司持续督导期间工作，持续督导期间至 2025 年 12 月 31 日止。 现因姚浩杰先生工作变动，为保证持续督导工作的有序进行，东兴证券指 派邹成凤先生接替姚浩杰先生担任公司首次公开发行 A 股股票保荐代表人，负 责公司持续督导工作。 本次保荐代表人变更后，公司首次公开发行 A 股股票并在创业板上市的持 续督导保荐代表人为王会然女士、邹成凤先生（简历详见附件），持续督导期至 中国证券监督管理委员会和深圳证券交易所规定的持续督导义务结束为止。 公司董事会对姚浩杰先生在公司首次公开发行股票并在创业板上市项目持 续督导期间所做的贡献表示衷心的感谢！ ...

Group 1: Offline Channel Development - The company plans to optimize offline channels by replacing stores with high traffic and good locations, while also opening new quality stores and regional flagship stores to enhance channel quality [2][3]. Group 2: Online Channel Strategy - Despite a slowdown in online traffic growth, the company aims to use online channels as a platform for new product launches and brand image establishment, while maintaining pricing strategies to promote high-quality development of both online and offline channels [2][3]. Group 3: Product Category Plans - The company intends to adopt a partnership model for the Hush Puppies adult footwear category, which will be managed through collaboration with experienced teams to enhance brand value and resource integration [3]. Group 4: Sales Expense Projections - Sales expenses are expected to increase this year due to the addition of men's and women's clothing lines, necessitating higher marketing costs for various promotional activities [3]. Group 5: Market Pressure and Future Development - The company acknowledges market cyclicality and plans to focus on core business, continuously upgrading products and services to enhance consumer experience, emphasizing brand positioning as key to long-term development [3].

Group 1 - The core issue highlighted is the inconsistency in the financial disclosures of Jiama Clothing, particularly regarding the opening date of its highest revenue store, which is listed as May 15, 2025, in the 2024 annual report [1][6][8] - Jiama Clothing's main business includes the research, design, brand operation, and sales of children's clothing, with a total of 176 direct stores as of the end of 2024, of which 103 have been operating for over 12 months [2][8] - The highest revenue store generated an income of 6.54 million yuan, significantly surpassing other stores, raising questions about the accuracy of the reported data [2][3][5] Group 2 - Jiama Clothing's financial performance has been stagnant since its IPO in 2022, with net profits of 166 million yuan, 180 million yuan, and 171 million yuan from 2022 to 2024, reflecting year-on-year growth rates of -14.86%, 8.55%, and -4.84% respectively [8][9] - The company's stock price has been in a prolonged decline, with a significant drop of 41% from its IPO price of 40.66 yuan to a closing price of 23.98 yuan as of June 11 [8][9] - Despite having substantial cash reserves totaling 1.18 billion yuan, which is 56.54% of its net assets, Jiama Clothing has not initiated any share buyback plans to support its stock price [8][9][10]

Core Viewpoint - The upcoming "Regulations on the Supervision of Fundraising by Listed Companies" will impose stricter regulations on the use of raised funds, particularly regarding changes in fund usage and slow project progress, aiming to enhance the efficiency of fund utilization and actively promote project construction [1][20]. Fundraising and Utilization - As of the end of 2024, the company has invested zero funds into multiple IPO projects, with 52.6% of the net IPO fundraising amount (CNY 5.23 billion) used for supplementing working capital [1][10]. - The company raised a total of CNY 1.098 billion from its IPO, with a net amount of CNY 995 million after deducting issuance costs, including CNY 474 million in oversubscription funds [1][2]. Project Progress and Changes - The company initially planned to allocate funds to four projects, including a marketing system construction project (CNY 105 million), an e-commerce operation center (CNY 313 million), and an enterprise management information project (CNY 23.34 million), but has only allocated CNY 8 million to these projects, which is about 8% of the net fundraising amount [2][3]. - The company has repeatedly changed the use of IPO funds, with the latest changes approved in September 2024, including reallocating funds from the marketing system project and terminating the enterprise management information project [13][14]. Financial Performance - The company's revenue has stagnated post-IPO, with revenues of CNY 11.43 billion, CNY 11.52 billion, and CNY 10.99 billion from 2022 to 2024, and net profits of CNY 1.66 billion, CNY 1.80 billion, and CNY 1.71 billion during the same period [14][16]. - The company acquired the Hush Puppies brand's IP assets for CNY 588 million, which has raised concerns among investors due to the lack of disclosed financial performance related to this acquisition [16][17]. Regulatory Impact - The new regulations will restrict the use of oversubscription funds for working capital, requiring that such funds be used for ongoing or new projects, or for share buybacks [10][20]. - Legal experts emphasize that the capital market is not a "cash machine" for listed companies, and failure to utilize raised funds as planned could damage investor confidence and market efficiency [19][20].

各家银行授信额度及担保金额、授信及保证期间最终以银行实际审批结果为 准，在上述年度计划授信额度范围内，公司与各子公司之间、各授信银行之间的 授信金额均可相互调剂使用，公司与各子公司之间可共享额度。 证券代码：301276 证券简称：嘉曼服饰 公告编号：2025-024 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 ...