雅戈尔时尚股份有限公司 2025年第一季度报告

Core Viewpoint - The company reported a decline in revenue and net profit for the first quarter of 2025, indicating challenges in its operational performance compared to the previous year [5][6]. Financial Performance - The company achieved operating revenue of 279,490.16 million yuan, a year-on-year decrease of 15.06% [5]. - The net profit attributable to shareholders was 80,341.50 million yuan, down 13.33% year-on-year [5]. - The fashion segment generated revenue of 199,806.35 million yuan, reflecting an increase of 8.27% year-on-year, with the brand clothing business contributing 181,687.05 million yuan, up 13.17% [6]. - The net profit from the fashion segment was 18,808.67 million yuan, which decreased by 32.70% due to rising costs and expenses [6]. - The real estate segment had no new projects launched, with pre-sales of 27,639.17 million yuan, down 80.10% year-on-year, and revenue recognition of 78,922.20 million yuan, down 46.01% [8]. - The net profit from the real estate segment was 3,794.73 million yuan, a decline of 70.92% [8]. - Investment business net profit was 57,738.10 million yuan, showing a growth of 11.68% [9]. Strategic Initiatives - The company continued to implement its "large store strategy," opening 23 new self-operated stores and closing 18, resulting in a total of 1,876 self-operated stores with a total area of 50.97 million square meters [7].