公司持续推进超品店新业态布局，截至2025年12月底，中国内地累计开设超品店126家（童装超品店21 家），其中一二线城市门店占比近50%，开店数量好于管理层年初指引的100家开店预期。超品店单店 面积平均为800–1,200平方米，拉新效果及运营效率有明显提升，且售罄率与连带率均优于常规门店。 该行认为，超品店新店型的差异化布局有望进一步提升361度品牌认知，并对销售带来良好支撑。 品牌建设持续加强，2026年展望良好 中金发布研报称，维持361度(01361)2025年EPS预测0.61元不变，考虑零售环境仍有波动，引入2027年 EPS预测0.74元，当前股价对应7.7/6.9倍2026/27年市盈率，维持跑赢行业评级。公司公告 2025年第四季 度经营情况：361度主品牌、童装线下流水均同比增长约 10%，电商平台流水同比增长高双位数。 4Q25延续良好增长，折扣库存保持稳健 4Q25 361度主品牌与童装线下流水均实现约10%的同比增长，延续年初以来的良好表现。季内零售折扣 约7-7.1折，同环比相对稳定；库销比4.5–5.0x，保持在较为良性的区间。线上方面，4Q25线上流水同比 增长高双位数，线 ...

Group 1 - The closing price of Jiama Clothing on August 7 was 25.85 yuan, down 0.52 yuan or 1.97% from the previous trading day [1] - The opening price on the same day was 26.29 yuan, with a highest price of 26.75 yuan and a lowest price of 25.82 yuan, with a trading volume of 29,371 hands and a transaction amount of 0.77 billion yuan [1] - Jiama Clothing specializes in the design, production, and sales of children's clothing, covering products for children aged 0-16 years, including clothing and accessories [1] Group 2 - The company employs a multi-brand operation strategy, owning both proprietary and authorized brands, with sales channels that include online e-commerce platforms and offline physical stores [1] - At 9:39 AM on August 7, Jiama Clothing's stock price rebounded over 2% within 5 minutes, reaching a maximum of 26.71 yuan, with a transaction amount of 10.27 million yuan [1] - On that day, the net outflow of main funds was 1.4007 million yuan, while the cumulative net inflow of main funds over the past five trading days was 15.3537 million yuan [1]