至 12 月 31 日 2022A 2023A 2024E 2025E 2026E 至 12 月 31 日 2022A 2023A 2024E 2025E 2026E 流动资产 1,733 2,593 2,744 3,278 4,055 经营活动现金流 418 550 224 502 633 货币资金 723 764 498 658 970 净利润 185 336 440 576 746 应收及预付 305 252 381 454 537 折旧摊销 125 127 114 117 125 存货 605 802 1,000 1,242 1,557 营运资金变动 74 32 -385 -237 -282 其他流动资产 100 775 865 925 992 其它 34 55 53 46 45 非流动资产 629 1,030 1,208 1,307 1,398 投资活动现金流 -46 -1,164 -306 -217 -216 长期股权投资 4 4 4 5 5 资本支出 -36 -25 -8 -18 -18 固定资产 36 38 43 55 66 投资变动 -10 -40 -101 -101 -101 在建工程 0 ...

Financial Performance - Revenue for 2023 reached RMB 6.56 billion, a 33.70% increase compared to 2022[2] - Net profit attributable to shareholders in 2023 was RMB 335.55 million, up 81.62% year-over-year[2] - Operating cash flow for 2023 increased by 31.47% to RMB 549.61 million compared to 2022[2] - Total assets at the end of 2023 grew by 53.41% to RMB 3.62 billion compared to the end of 2022[2] - Q4 2023 revenue was RMB 2.19 billion, the highest among all quarters in 2023[5] - Q4 2023 net profit attributable to shareholders was RMB 112.99 million, also the highest among all quarters[5] - The company's weighted average return on equity (ROE) for 2023 was 17.51%, up 3.94 percentage points from 2022[2] - The company's basic earnings per share (EPS) for 2023 was RMB 0.8907, a 73.56% increase compared to 2022[2] - The company achieved a total operating revenue of 6.564 billion yuan, a year-on-year increase of 33.70%, and a net profit attributable to shareholders of 336 million yuan, a year-on-year increase of 81.62%[108] - Total operating revenue for 2023 reached RMB 6,563,662,921.14, a year-on-year increase of 33.70%[152] - Net cash flow from operating activities increased by 31.47% to RMB 549,611,961.22, driven by revenue growth and operational efficiency improvements[175] Market and Industry Trends - The global apparel and footwear market size reached USD 1.82 trillion in 2023, with a 5.40% year-over-year growth[13] - Global apparel and footwear retail sales reached $2.50 trillion in 2023, with a year-on-year growth rate of 17.46%[17] - The global apparel and footwear market size is projected to increase from $2.13 trillion in 2023 to $2.24 trillion by 2028[17] - Eastern Europe, Latin America, and the Middle East & Africa are expected to contribute significantly to the global apparel and footwear market growth over the next 5 years[17] - Global retail e-commerce sales reached $5.82 trillion in 2023, a 10.00% year-over-year increase, with a penetration rate of 19.40%[53] - China's retail e-commerce penetration rate exceeded 40% in 2023, leading globally, while the US, Japan, and Canada still have room for growth[53] - Global retail e-commerce penetration is projected to reach 22.60% by 2027[54] - The global apparel and footwear e-commerce market size was $557.7 billion in 2023, growing by 5.72%, with a penetration rate of 30.70%[55] - Fashion and apparel are expected to be the fastest-growing category on Amazon from 2022 to 2027, with a projected CAGR of 12.4%[55] - Global retail e-commerce sales are projected to grow from $7.96 trillion in 2023 to $9.00 trillion in 2024, with a penetration rate increasing from 22.00% to 24.00%[72] - China's cross-border e-commerce import and export volume reached 2.38 trillion yuan in 2023, a year-on-year increase of 15.6%, with exports accounting for 1.83 trillion yuan, up 19.6%[76] - The China Export Container Freight Index (composite index) dropped to 909.19 points by the end of 2023, a 74.66% decrease from its peak in 2022, reducing shipping costs for cross-border e-commerce companies[79] - The USD to RMB exchange rate rose from 6.79 in January 2023 to 7.14 in December 2023, enhancing the price competitiveness of Chinese export goods[81] - The proportion of well-known brand sellers in China's cross-border B2C exports is expected to increase from 15% in 2022 to 20-30% by 2025[82] Business Operations and Strategy - The company's main business model is B2C, focusing on direct sales to consumers[48] - The company's apparel and accessories category achieved revenue of 4.671 billion yuan in 2023, a 41.49% year-over-year increase, accounting for 71.17% of total revenue[68] - The company's men's brand Coofandy and homewear brand Ekouaer surpassed 1 billion yuan in annual sales for the first time in 2023[68] - The company's lingerie brand Avidlove exceeded 500 million yuan in annual sales in 2023[68] - The company's brands ANCHEER, Zeagoo, COBIZI, Hotouch, Arshiner, and Vivi each achieved over 100 million yuan in annual sales in 2023[68] - The company's apparel and accessories category accounted for approximately 1% of Amazon's apparel and footwear GMV in 2021, indicating significant growth potential[68] - The company's total revenue in 2023 was 656,366.29 million yuan, a 33.70% increase from 2022, with apparel and accessories contributing 467,115.16 million yuan, up 41.49%[84] - The company's logistics service revenue decreased by 12.40% to 12,576.64 million yuan in 2023, while other business revenue surged by 181.81% to 3,036.40 million yuan[84] - The company leverages big data and IT platforms to optimize product development, supply chain efficiency, and brand operations, including automated CPC advertising and inventory management[93][98] - The company's R&D investment reached 87.6886 million yuan, a year-on-year increase of 84.17%, with 236 R&D personnel accounting for 11.37% of the total workforce[102] - The company's non-apparel and accessories category achieved a revenue of 1.736 billion yuan, a year-on-year increase of 19.48%, accounting for 26.45% of the total operating revenue[115] - The company's Coofandy brand achieved sales of 1.455 billion yuan in 2023, a year-on-year increase of 58.63%[110] - The company's Ekouaer brand achieved sales of 1.286 billion yuan in 2023, a year-on-year increase of 41.90%[110] - The company's Avidlove brand achieved sales of 629.322 million yuan in 2023, a year-on-year increase of 33.43%[110] - The company's Zeagoo brand achieved sales of 227.8902 million yuan in 2023, a year-on-year increase of 85.14%[110] - The company's ANCHEER brand achieved sales of 231.0223 million yuan in 2023, a year-on-year decrease of 13.40%[110] - The company's flexible supply chain system has been opened to over 130 third-party outsourcing factories, improving production efficiency and shortening production cycles[101] - The company has 642 domestic patents (including invention patents and copyrights), 277 overseas patents (including copyrights), and 132 software copyrights[102] - The company's procurement system, combined with machine learning algorithms and internal/external data, significantly improves inventory management by predicting future product sales using gradient boosting decision tree algorithms and simulating supply-demand calculations[123] - The company's self-developed WMS warehouse system optimizes storage efficiency through dynamic storage location management, wave picking, optimized picking/shipping paths, automated sorting, and automatic weighing/photography[123] - The company's logistics system integrates the supply chain, utilizing big data monitoring to recommend optimal delivery solutions, achieve cargo transportation visualization, and enhance overall logistics control[123] - The company's revenue from North America increased by 41.04% to 587.15461 million yuan, accounting for 89.87% of total revenue[132] - The company's total revenue increased by 33.38% to 6.5332989 billion yuan, with overseas revenue accounting for 97.99% of total revenue[132] - The company's B2C business primarily relies on Amazon, which accounted for 88.32% of main business revenue in 2023[133] - The company's cross-border e-commerce export revenue increased by 34.68% to 6.39728300474 billion yuan, with a gross profit margin of 46.31%[134] - The company's sales volume increased by 32.26% to 29,403,674 units, while inventory increased by 56.07% to 15,746,704 units[136] - The company's procurement costs increased by 31.99% to 1.57417671458 billion yuan, accounting for 44.29% of total operating costs[136] - The company established four new subsidiaries in 2023, each with 100% ownership[137] - Amazon accounted for 88.91% of the company's total sales, with sales reaching RMB 5,835,841,385.32[140] - The company's total sales to its top five customers amounted to RMB 6,363,859,885.72, representing 96.96% of the annual sales[140] - Sales expenses increased by 35.03% year-over-year to RMB 2,341,534,619.26, driven by higher brand promotion costs[142] - R&D expenses surged by 84.17% year-over-year to RMB 87,688,608.09, focusing on product development and operational efficiency[142] - The company's B2C business on Amazon grew by 32.47% year-over-year, contributing 88.32% of total B2C revenue[150] - Walmart's sales through the company's B2C platform increased by 139.74% year-over-year, reaching RMB 26,657.45 thousand[150] - North America remained the primary sales region, accounting for 89.87% of the company's total revenue[149] - The company's B2B business grew by 50.46% year-over-year, with revenue reaching RMB 7,585.45 thousand[150] - Logistics service revenue decreased by 12.40% year-over-year to RMB 12,576.64 thousand[150] - The company is developing AI-based applications, including marketing copy generation and intelligent customer service, to enhance operational efficiency[142] - Cross-border e-commerce export revenue accounted for 97.47% of total revenue, with a year-on-year growth of 34.68%[152] - Revenue from apparel and accessories sales increased by 41.49% to RMB 4,671,151,610.93, representing 71.17% of total revenue[152] - Overseas revenue accounted for 97.99% of total revenue, with a year-on-year growth of 35.12%[152] - B2C product sales accounted for 96.47% of total revenue, with a year-on-year increase of 34.59%[152] - R&D investment in 2023 increased to RMB 87,688,608.09, accounting for 1.34% of total revenue, up from 0.97% in 2022[172] - The number of R&D personnel increased by 43.03% to 236, with the proportion of R&D personnel rising to 11.37%[172] - The top five customers accounted for 96.96% of total sales, with a combined sales amount of RMB 6,363,859,885.72[167] - The top five suppliers accounted for 11.32% of total procurement, with a combined procurement amount of RMB 278,215,379.08[168] - The company incurred a total of 94.4781 million yuan in leasing expenses for 19 office, production, and storage locations in 2023[184] - The company's total entrusted financial management amount was 1.6815 billion yuan, with an outstanding balance of 1.0956 billion yuan[192] - The company's total share capital after the public offering is 400.1 million shares, with 31.41094 million shares listed on the Shenzhen Stock Exchange starting July 12, 2023[197] - The company's total litigation amount not meeting the disclosure standard is 19.2641 million yuan, with some cases already adjudicated or settled[178] - The company's actual guarantee amount was calculated based on the USD to RMB exchange rate of 6.4536 on February 18, 2021[190] Corporate Governance and Structure - The company's registered and office address is located at Kangli City, No. 6, Shangli Lang Community, Nanwan Street, Longgang District, Shenzhen, China[38] - The company's stock code is 301381, and it is listed on the Shenzhen Stock Exchange[38] - The company's CEO is Chen Wenping, and the Board Secretary is Ai Fan[38] - The company's financial report for 2023 has been audited and certified by the accounting firm[42] - The company's future plans and performance forecasts do not constitute a commitment to investors[42] - The company plans to distribute a cash dividend of RMB 2.50 per 10 shares, totaling RMB 400.1 million[26]

证券代码：301381 证券简称：赛维时代 公告编号：2024-013 2024 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 3.第一季度报告是否经过审计 赛维时代科技股份有限公司 2024 年第一季度报告 （一） 主要会计数据和财务指标 是 □否 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-----------------------------------|------------------------------|------------------|-----------------------------------------| | 会计政策变更 □ 会计差错更正 □ | 同一控制下企业合并 □ \n本报告期 | 其他原因 \n上年同期 \n调整前 | \ ...

研发费用 92 42 财务费用 628 -79 5 长期股权投资 投资净收益 0 32 67 49 其他 67 2 407 388 无形资产 11 其他 1 2,243 211 5,150 755 60 185 188 应付要提 59 0 -1 185 605 163 99 236 539 630 非流动负债 531 0.51 (元) 0 0 471 单位: 1,690 2022A 0 -2 332 2,408 3,693 527 波动负债 所得税 107 448 妇属母公司净利 359 635 906 会计年度 2024E -1 253 ୧୧୧୧ 348 605 125 131 2,361 新旧换贴 财务费用 35 0 0 百万元 -50 2021A 主要财务指标 2023E -93 5,565 6,564 其它 管走总板入 33.7% -85 -305 348 605 -36 -111 1,455 338 净利润 125 2,243 5,150 32 -32 0 投资提交 单位: 72 -120 管运资金变动 2022A 68 4,909 11,077 -6 14 -11.8% 30.6% -46 185 ...

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渠道、拓市场 [Table_Title] 赛维时代（301381.SZ） [Table_Summary] 核心观点： 占比，以及非服饰配饰品类长库龄库存清理规模下降，提振盈利水平。 （1）服饰品类：公司不断完善服饰品牌矩阵，公司长期沉淀的底层能 力在各细分品类中高度复用，持续赋能品牌孵化与发展。（2）非服饰品 类：公司 2023 年有效清理库存，调整头程费用，同时主动精简品类和 加强研发，实现增长，补齐公司品类布局。 ⚫ 风险提示。第三方平台店铺关闭；亚马逊平台集中度较高，对于单一渠 道依赖度较高；存货管理：品类存货周转率下降，导致占用现金流等。 | --- | --- | --- | --- | --- | --- | |----------------------------------------------|--------|--------|-------|-------|-------| | [Table_Finance] | 2021A | 2022A | 2023E | 2024E | 2025E | | 营业收入（百万元） | 5565 | 4909 | 6565 | 8167 | 1011 ...

证券代码：301381 证券简称：赛维时代 赛维时代科技股份有限公司 投资者关系活动记录表 编号：2024-002 投资者关系活动  特定对象调研 □分析师会议 类别 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称及 博时基金、国泰金控、IGWT Investment、Ever bright、富邦投 人员姓名 信、野村投信、中金公司、长江证券、开源证券、鹏华基金、 鹏扬基金、中欧基金、海雅金控、Trives、TX Capital等 时间 2024年3 月5日、2024年 3月 6日 地点 公司会议室 上市公司接待人 董事会秘书 艾帆 员姓名 财务负责人 林文佳 ...

证券代码：301381 证券简称：赛维时代 赛维时代科技股份有限公司 投资者关系活动记录表 编号：2024-001 投资者关系活动  特定对象调研 □分析师会议 类别 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称及 中金公司、申万宏源证券、浙商证券、海通证券、国元证券、 人员姓名 华泰证券、国金证券、国海证券、国联证券、西部证券、华西 证券、东方财富证券、上海证券、国金证券、华泰柏瑞基金、 源乘投资、国联基金、融通基金、华夏基金、华商基金、平安 基金、大成基金、广发基金、上银基金、红土创新基金、民生 加银基金、金涌投资、玄元投资、东盈投资、国源信达、华西 自营、方正资管、AEZ CAPITA、Barings等 ...

东方证券承销保荐有限公司 关于赛维时代科技股份有限公司 首次公开发行网下配售限售股上市流通的核查意见 自赛维时代首次公开发行股份上市至本核查意见签署日，赛维时代未发生因 股份增发、回购注销及派发过股票股利或用资本公积金转增股本等导致其股份变 动的情况。 二、申请解除股份限售股东履行承诺情况 1 本次解除限售的股份属于首次公开发行网下配售限售股，根据赛维时代《首 次公开发行股票并在创业板上市之上市公告书》："网下发行部分采用比例限售方 式，网下投资者应当承诺其获配股票数量的 10%（向上取整计算）限售期限为自 发行人首次公开发行并上市之日起 6 个月。即每个配售对象获配的股票中，90% 的股份无限售期，自本次发行股票在深交所上市交易之日起即可流通；10%的股 份限售期为 6 个月，限售期自本次发行股票在深交所上市交易之日起开始计算。 对应的股份数量为 2,035,249 股，占发行后总股本的 0.51%。" 除上述承诺外，本次申请解除限售的股东没有做出其他关于股份限售的承诺。 截至本核查意见签署日，持有赛维时代网下配售限售股的股东在限售期内严 格遵守了上述承诺，不存在相关承诺未履行影响本次限售股上市流通的情况。 ...

证券代码：301381 证券简称：赛维时代 赛维时代科技股份有限公司 投资者关系活动记录表 编号：2023-009 投资者关系活动  特定对象调研 □分析师会议 类别 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称及 长江证券、广发证券、国海证券、中泰证券、国信证券、海富 人员姓名 通基金、富国基金、博时基金、长城基金、中银基金、交银施 罗德基金、前海开源基金、泓德基金、平安基金、建信养老、 前海安康投资等 时间 2023 年 11月 29 日 地点 公司会议室 上市公司接待人 董事会秘书 艾帆 ...