歌力思：上半年归母净利润8506万元，同比增长45%

Core Viewpoint - The company reported a strong performance in the first half of 2025, with a revenue of 1.371 billion yuan, driven by the growth of its multi-brand matrix and effective cost management strategies [1] Revenue Performance - The company's international brands showed robust growth in the domestic market, with online and offline channels developing simultaneously [1] - Self-Portrait achieved a revenue of 285 million yuan, reflecting a rapid growth of 21% year-on-year [1] - IRO generated 307 million yuan in revenue, with a 16% year-on-year growth in the China region, aligning closely with overseas performance [1] - Laurèl reported a revenue of 215 million yuan, marking a 10% year-on-year increase [1] - The main brand ELLASSAY maintained a leading position in the domestic high-end women's wear sector, with revenue remaining stable when excluding the impact of timing differences in uniform business revenue recognition [1] Market Growth - The overall comparable revenue in the domestic market grew by 5% year-on-year, supported by the steady development of the multi-brand matrix [1] Cost Management and Profitability - The company actively addressed uncertainties in the overseas macro environment, implementing cost reduction and efficiency improvement measures [1] - The optimization of underperforming stores and strict budget management contributed to gradual improvements in overseas business performance [1] - As a result of these cost management efforts, the company's profitability showed significant recovery, with a 45% year-on-year increase in net profit attributable to shareholders, reaching 85.06 million yuan in the first half of 2025 [1]