2024 年限制性股票激励计划实施考核管理办法 证券简称：赛维时代 证券代码：301381 赛维时代科技股份有限公司 2024 年限制性股票激励计划 实施考核管理办法 赛维时代科技股份有限公司 二〇二四年四月 2024 年限制性股票激励计划实施考核管理办法 赛维时代科技股份有限公司（以下简称"公司"）为进一步完善公司法人治理 结构，建立健全公司的激励约束机制，充分调动公司核心团队的积极性，形成良 好均衡的价值分配体系，保证公司业绩稳步提升，确保发展战略和经营目标的实 现，公司拟实施《赛维时代科技股份有限公司 2024 年限制性股票激励计划》（以 下简称"本激励计划"）。 为了保证本激励计划的顺利实施，现根据《中华人民共和国公司法》《中华 人民共和国证券法》《上市公司股权激励管理办法》等有关法律、行政法规、规 章、规范性文件以及《赛维时代科技股份有限公司章程》的相关规定，并结合公 司实际情况，特制定《赛维时代科技股份有限公司 2024 年限制性股票激励计划 实施考核管理办法》（以下简称"本考核办法"）。 第一章 总 则 第一条 考核目的 制定本考核办法的目的是进一步完善公司法人治理结构，建立与完善公司激 励约束 ...

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,799,016,664.02, representing a 44.66% increase compared to ¥1,243,613,234.39 in the same period last year[5] - Net profit attributable to shareholders for Q1 2024 was ¥86,044,897.90, a 65.58% increase from ¥51,970,159.19 in the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥70,292,088.96, up 53.52% from ¥45,790,646.52 year-on-year[5] - Basic and diluted earnings per share for Q1 2024 were both ¥0.2151, reflecting a 48.96% increase from ¥0.1444 in the same period last year[5] - The company's net profit for the current period is 86,044,897.90, an increase of 65.5% compared to 51,966,606.92 in the previous period[34] - Total comprehensive income for the current period is 85,885,123.45, up from 51,589,835.64, reflecting a significant growth[34] - Revenue for the current period reached 1,799,016,664.02, representing a 44.66% increase from 1,243,613,234.39 in the previous period[42] Cash Flow and Assets - The net cash flow from operating activities decreased by 51.55% to ¥98,587,960.60, down from ¥203,485,139.39 in the previous year, primarily due to increased inventory requirements from higher sales volume[11] - The company reported a significant increase of 457.29% in cash flow from financing activities, totaling ¥119,778,465.90, compared to a negative cash flow of ¥33,524,500.65 in the previous year[11] - As of March 31, 2024, cash and cash equivalents decreased by 42.39% to ¥440,344,828.70 from ¥764,303,457.17 due to increased investments in financial products[19] - Total assets at the end of Q1 2024 were ¥3,768,099,030.83, a 4.00% increase from ¥3,623,141,044.65 at the end of the previous year[5] - Total liabilities increased to ¥1.268 billion from ¥1.209 billion, with current liabilities rising to ¥904 million from ¥792 million[32] - The cash flow from investment activities showed a net outflow of CNY 497.55 million, compared to a net outflow of CNY 326.04 million in the previous year[55] Expenses and Investments - Research and development expenses increased by 88.34% to 27,922,275.97, indicating a focus on product development and innovation[42] - Sales expenses rose by 53.55% to 682,871,987.77, driven by increased brand promotion and marketing efforts[42] - The company reported a significant increase in sales expenses, which amounted to CNY 682.87 million, compared to CNY 444.73 million in the previous year[53] Revenue Breakdown - The company's revenue from the apparel and accessories category for Q1 2024 was ¥1.309 billion, a year-on-year increase of 50.09%[26] - Revenue from non-apparel categories for Q1 2024 was ¥428 million, reflecting a year-on-year growth of 26.49%[26] - Sales revenue in North America for Q1 2024 reached ¥1.606 billion, up 47.51% year-on-year, while Europe showed signs of recovery[27] - Sales revenue from the Amazon platform reached CNY 1.558 billion, up 42.85% compared to the previous year[48] Strategic Focus - The company plans to continue focusing on product categories with market potential, enhancing product functionality and quality while maintaining cost advantages[42] - The company plans to continue exploring multi-channel development opportunities based on the different stages of brand growth[48] - The company is focused on enhancing brand incubation efficiency and maintaining a "branding" development strategy[48] Accounting and Reporting - The company has implemented a retrospective adjustment in accounting policies effective from January 1, 2023, but this will not significantly impact its financial position or results[17] - The company has not classified any non-recurring gains or losses as recurring, maintaining clarity in its financial reporting[40]

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [10]. Core Insights - The company is positioned as a leading cross-border e-commerce player, leveraging technology to enhance business development and supply chain management, with a focus on brand incubation efficiency and expansion into various segments. Revenue projections for 2023-2025 are estimated at 65.64 billion, 84.81 billion, and 110.77 billion yuan, reflecting year-on-year growth of 33.7%, 29.2%, and 30.6% respectively. Net profit attributable to the parent company is expected to reach 3.39 billion, 4.49 billion, and 6.05 billion yuan, with growth rates of 83%, 32.5%, and 34.8% respectively [5]. Financial Overview - The company anticipates total revenue of 6,564 million yuan for 2023, with a year-on-year increase of 33.7%. The net profit attributable to the parent company is projected at 339 million yuan, representing an 83% increase [36]. - Key financial metrics include a projected gross margin of 68.4% for 2023, with a return on equity (ROE) of 14.1% and earnings per share (EPS) of 0.85 yuan [36]. Business Model and Strategy - The company focuses on high-quality, personalized fashion products for cross-border export, utilizing platforms like Amazon, Wish, eBay, and Walmart. The apparel category remains the core business, contributing significantly to revenue growth [15][21]. - The company has successfully incubated 63 self-owned brands, with 21 brands generating over 100 million yuan in revenue, indicating strong brand development and market penetration [26]. Market Position and Competitive Landscape - The cross-border e-commerce industry presents vast growth potential, with leading sellers expected to expand their market share. The company benefits from a strong digital infrastructure and flexible supply chain, allowing it to respond quickly to market demands [34]. - The report highlights the competitive dynamics on platforms like Amazon, where the company maintains a leading position in various categories, supported by favorable policies for top sellers [34][86]. Future Outlook - The company is set to deepen its presence in established verticals while exploring new categories, aiming for sustained growth through enhanced supply chain capabilities and brand development [34]. - The anticipated revenue growth is supported by a robust digital strategy and a focus on customer experience, positioning the company well for future expansion in the cross-border e-commerce market [34][87].

证券代码：301381 证券简称：赛维时代 公告编号：2024-008 赛维时代科技股份有限公司 关于为全资子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、担保情况概述 赛维时代科技股份有限公司（以下简称"公司"）于 2023 年 12 月 8 日召开 第三届董事会第十五次会议、第三届监事会第十三次会议，于 2023 年 12 月 25 日召开 2023 年第五次临时股东大会审议通过《关于 2024 年度公司及子公司向 金融机构申请综合授信及担保额度预计的议案》，为满足公司及子公司（合并报 表范围内子公司，以下统称"子公司"）2024 年度各项日常经营活动开展的资金 需求，公司及子公司拟向银行等金融机构申请总额不超过 35 亿元人民币或等值 外币的综合授信额度。为保障上述综合授信融资方案的顺利实施，公司及子公司 拟为合并报表范围内的子公司申请的综合授信额度提供总额度不超过 15.40 亿 元人民币或等值外币的连带责任担保（含子公司之间相互提供担保），其中，为 资产负债率高于 70%（含）的子公司提供担保的额度为 15.20 亿元， ...

证券代码：301381 证券简称：赛维时代 公告编号：2024-007 赛维时代科技股份有限公司 关于签署募集资金四方监管协议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、募集资金基本情况 经中国证券监督管理委员会《关于同意赛维时代科技股份有限公司首次公开 发行股票注册的批复》（证监许可〔2023〕998 号）同意注册，赛维时代科技股 份有限公司（以下简称"公司"）首次公开发行 4,010.00 万股人民币普通股（A 股），每股面值为 1.00 元，每股发行价格为 20.45 元，募集资金总额为人民币 820,045,000.00 元，扣除发行费用 96,947,169.66 元（含增值税）后，募集资金净 额为 723,097,830.34 元，保荐机构（主承销商）东方证券承销保荐有限公司于 2023 年 7 月 7 日将扣除保荐承销费（含增值税）60,150,000.00 元后的募集资金 759,895,000.00 元汇入公司募集资金专项账户。上述募集资金已于 2023 年 7 月 7 日全部到账并存放于公司募集资金专户。立信会计师事务所（特 ...

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 2023 年度持续督导培训报告 深圳证券交易所： 东方证券承销保荐有限公司（以下简称"东方投行"或"保荐人"）作为赛维时 代科技股份有限公司（以下简称"赛维时代"或"公司"）首次公开发行股票并在创 业板上市的保荐人，根据《证券发行上市保荐业务管理办法》《深圳证券交易所 上市公司自律监管指引第 13 号——保荐业务》《深圳证券交易所上市公司自律监 管指引第 2 号——创业板上市公司规范运作》的要求，对公司实际控制人及董事、 监事、高级管理人员进行了培训，现将培训情况报告如下： 一、本次培训的基本情况 2024 年 3 月 22 日，培训小组通过现场授课及远程授课的方式对公司实际控 制人、董事、监事、高级管理人员及证券部相关工作人员进行了培训。 二、参加本次培训的人员和培训地点 赛维时代持续督导小组选派赖学国、王聪作为本次培训人员，其中赖学国为 持续督导保荐代表人。参加本次培训的人员包括公司实际控制人、董事、监事、 高级管理人员及证券部相关工作人员。本次培训的地点为赛维时代会议室，其中 部分参会人员通过线上方式参加本次培训。 三、本次培训的内容 本次培训的内 ...

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 ...

股 票 研 究 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------|--------------------|--------------------------------------------------|----------------------|-----------------|------------------------------------- ...

Group 1: Growth Drivers for 2024 - The apparel category remains the core of the company's brand matrix expansion, with plans to enhance efficiency and scale for multiple sub-brands [1] - The company has significantly reduced inventory pressure in non-apparel categories, expecting a return to normal growth rhythms in 2024 through streamlined product lines and focused business strategies [1] Group 2: Regional Expansion Plans - The company will focus on regions with high consumer spending power, particularly North America and Europe, while remaining flexible to adjust strategies based on regional consumption recovery and platform policy changes [2] Group 3: Inventory Management Strategies - The company aims to balance fashion trends with inventory through targeted product development and operational strategies tailored to specific sub-categories [2] - It plans to manage inventory by rolling stock based on sales trends and implementing timely marketing strategies to address declining sales [2] Group 4: New Product Launch Strategies - The company will leverage its advantages to research consumer needs in specific sub-categories and utilize a trend management system to assist designers in targeted new product development [3] - Close monitoring of product operations, including inventory and advertising management, will be conducted to enhance product rankings and market share [3] Group 5: Collaboration with Emerging Platforms - The company is actively engaging with emerging platforms like TikTok, Shein, and Temu, with a dedicated team researching platform rules and traffic dynamics [3] Group 6: Impact of Amazon's Commission Changes - The recent commission adjustments by Amazon, particularly for apparel priced under $20, are expected to benefit the company, which has products in this price range [3] Group 7: Marketing Investment Outlook for 2024 - The company plans to increase marketing investments for leading brands across multiple channels, while strategically focusing on certain sub-categories for mid-tier brands to enhance market share and pricing power [3]

证券代码：301381 证券简称：赛维时代 公告编号：2024-005 赛维时代科技股份有限公司 关于与专业投资机构共同投资的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、交易概述 为更好的借助专业投资机构的经验优势及资源优势，加强赛维时代科技股 份有限公司（以下简称"公司"）的投资能力，提高公司的综合竞争力和盈利能力， 近日公司作为有限合伙人与平阳仁益股权投资合伙企业（有限合伙）（以下简称 "平阳仁益基金"或"合伙企业"）的普通合伙人平阳源泉投资合伙企业（有限合伙） （以下简称"平阳源泉私募"或"普通合伙人"）以及其他 4 名有限合伙人签署《平 阳仁益股权投资合伙企业（有限合伙）合伙协议》（以下简称"《合伙协议》"）， 以自有资金人民币 1,760 万元参与投资平阳仁益基金。本次交易完成后，公司将 成为平阳仁益基金有限合伙人之一，持有其 54.9828%的合伙份额。截至本公告 披露日，平阳仁益基金已完成工商变更登记手续，并取得了平阳县市场监督管理 局换发的《营业执照》。 5.执行事务合伙人：周信忠 6.出资额：1,100 万元人民币 7.主要经营 ...