2024 年收入增长3%,净利率承压,高分红策略延续。公司主营商务男装品牌销售,2024 年收入同比增长3.0%至36.5 亿元,净利润同比下滑13.1%至4.6 亿元。毛利率同比下降0.5 百分点至47.7%,主要因收回分销权向分销商支付一次性补偿金及存货拨备回拨减少。销售及管理费用率增加2.3 百分点;净利率下降2.4 百分点至12.6%。存货周转天数受直营占比提升及暖冬影响增至183 天,...
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