证券代码：301381 证券简称：赛维时代 公告编号：2024-022 赛维时代科技股份有限公司监事会 （3）公示方式：公司内部系统； （4）公示结果：在公示时限内，没有组织或个人提出异议，无反馈记录。 2.公司监事会对拟激励对象的核查方式 公司监事会核查了本次拟激励对象的名单、拟激励对象与公司签订的劳动 合同或劳务合同、身份证件等事项。 关于 2024 年限制性股票激励计划激励对象名单的公示情况 说明及核查意见 本公司及监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。 2024 年 4 月 25 日，赛维时代科技股份有限公司（以下简称"公司"）召开了 第三届董事会第十六次会议和第三届监事会第十四次会议，审议通过了《关于 公司<2024 年限制性股票激励计划（草案）>及其摘要的议案》《关于核查公司 2024 年限制性股票激励计划激励对象名单的议案》等相关议案，根据《上市公 司股权激励管理办法》（以下简称"《管理办法》"）《深圳证券交易所创业板 股票上市规则》（以下简称"《上市规则》"）《深圳证券交易所创业板上市公 司自律监管指南第 1 号——业务办理》（以下简称"《自律 ...

| --- | --- | --- | --- | --- | |---------------------------------------|-------|------------|-----------------------|-------| | ＄ 会计年度 zycwzb\| 主要财务指标＄ | | 2023 2024E | 2025E | 2026E | | 营业收入 ( 百万元 ) | | | 6564 8205 10005 11306 | | | 同比增长 | 33.7% | 25.0% | 22.0% | 13.0% | | 归母净利润 ( 百万元 ) | | | 336 432 541 640 | | | 同比增长 | 81.6% | 28.6% | 25.5% | 18.2% | | 毛利率 | 45.8% | 45.3% | 45.7% | 46.0% | | ROE | 13.9% | 15.7% | 16.9% | 17.2% | | 每股收益 ( 元 ) | | | 0.84 1.08 1.35 1.60 | | | 市盈率 | | | 31.6 24.5 19.6 16.5 ...

商贸零售 ——业绩持续高增长，股权激励激发核心团队 一年内股价与大盘对比走势： 《赛维时代（301381）深度：数智化驱动 的跨境电商企业，开辟服装品牌出海征 程》 2023/12/28 报告原因：有业绩公布需要点评 买入（维持） 投资要点： ⚫ 公司发布 23 年年报及 24 年一季报，业绩持续高增，一季报表现超预期。1）23 年业绩 表现符合预期。公司实现营业收入 65.64 亿元，同比增长 33.7%，归母净利润 3.4 亿 元，同比增长 81.6%，与业绩快报数据一致，表现符合预期。2）24Q1 延续高景气，业 绩超预期。收入为 18.0 亿元，同比增长 44.7%，归母净利润为 8604 万元，同比增长 65.6%。收入、利润表现超预期，主要来自服饰配饰品类的强劲增长及非服饰配饰品类的 复苏。公司拟每 10 股派发股利 2.5 元（含税），加上特别股息，合计分红率 60%。 ⚫ 跨境电商业务增长明显，盈利水平稳中有进。1）跨境电商销售保持高增。23 年商品销售 收入同比增长 35%至 64 亿元，收入占比 97%。非服饰销售增长 19%至 17.4 亿元，收 入占比 27%，毛利率同比提升 0.7p ...

证券代码：301381 证券简称：赛维时代 赛维时代科技股份有限公司 投资者关系活动记录表 编号：2024-003 投资者关系活动  特定对象调研 □分析师会议 类别 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观  其他：电话会议 参与单位名称及 中金公司、长江证券、国泰君安证券、广发证券、天风证券、 人员姓名 华创证券、国金证券、招商证券、方正证券、国信证券、民生 证券、上海证券、财通证券、德邦证券、浙商证券、海通证券、 国海证券、国元证券、国盛证券、中信建投证券、东吴证券、 华西证券、中信证券、首创证券、太平洋证券、国联证券、开 源证券、东方证券、中泰证券、西部证券、东方财富证券、中 邮证券、太平洋证券、信达证券、兴业证券、申万宏源证券、 ...

股 票 研 究 证 券 研 究 报 告 公 司 更 新 报 告 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------|--------------------------------------------------------------------------------|--------------------------------------------------|----------------|---------------------------|------------------------------------------------------------|----------------------|--------------------------------------|----------------------------|--------------|----------------------- ...

股 票 研 究 公 司 更 新 报 告 证 券 研 究 报 告 请务必阅读正文之后的免责条款部分 [Table_Range] 52 周内价格范围 21.66-51.70 市值（百万元） 10,215 9% 11% 14% 16% 19% 21% 22A 23A 24E 25E 26E 回报率趋势 净资产收益率(%) 投入资本回报率(%) 49% 52% 54% 57% 60% 62% 906 1090 1274 1457 1641 1825 22A 23A 24E 25E 26E 净资产(现金)/净负债 净负债(现金)(百万) 净负债/净资产(%) [Table_Page] 赛维时代(301381) 分析师声明 免责声明 本报告的信息来源于已公开的资料，本公司对该等信息的准确性、完整性或可靠性不作任何保证。本报告所载的资料、意见及 推测仅反映本公司于发布本报告当日的判断，本报告所指的证券或投资标的的价格、价值及投资收入可升可跌。过往表现不应 作为日后的表现依据。在不同时期，本公司可发出与本报告所载资料、意见及推测不一致的报告。本公司不保证本报告所含信 息保持在最新状态。同时，本公司对本报告所含信息可在不发出通 ...

赛维时代（301381.SZ）2023 年年报及 2024 年一季报点评 赛维时代(301381)/商业零售及社会服务 每股收益 0.84 1.09 1.38 公司财务报表数据预测汇总 所得税 52 67 85 107 资产负债率（%） 33.36 45.44 45.10 | --- | --- | --- | --- | --- | |----------------------|--------|-------|-------|-------| | 现金流量表（百万元） | 2023A | 2024E | 2025E | 2026E | | 净利润 | 336 | 437 | 551 | 693 | | 折旧和摊销 | 127 | 132 | 141 | 149 | | 营运资金变动 | 32 | -550 | -381 | -436 | | 经营活动现金流 | 550 | 185 | 513 | 636 | | 资本开支 | -25 | -36 | -40 | -37 | | 投资 | -40 | -712 | 0 | 0 | | 投资活动现金流 | -1,164 | -819 | -7 | 3 | | ...

至 12 月 31 日 2022A 2023A 2024E 2025E 2026E 至 12 月 31 日 2022A 2023A 2024E 2025E 2026E 流动资产 1,733 2,593 2,744 3,278 4,055 经营活动现金流 418 550 224 502 633 货币资金 723 764 498 658 970 净利润 185 336 440 576 746 应收及预付 305 252 381 454 537 折旧摊销 125 127 114 117 125 存货 605 802 1,000 1,242 1,557 营运资金变动 74 32 -385 -237 -282 其他流动资产 100 775 865 925 992 其它 34 55 53 46 45 非流动资产 629 1,030 1,208 1,307 1,398 投资活动现金流 -46 -1,164 -306 -217 -216 长期股权投资 4 4 4 5 5 资本支出 -36 -25 -8 -18 -18 固定资产 36 38 43 55 66 投资变动 -10 -40 -101 -101 -101 在建工程 0 ...

Financial Performance - Revenue for 2023 reached RMB 6.56 billion, a 33.70% increase compared to 2022[2] - Net profit attributable to shareholders in 2023 was RMB 335.55 million, up 81.62% year-over-year[2] - Operating cash flow for 2023 increased by 31.47% to RMB 549.61 million compared to 2022[2] - Total assets at the end of 2023 grew by 53.41% to RMB 3.62 billion compared to the end of 2022[2] - Q4 2023 revenue was RMB 2.19 billion, the highest among all quarters in 2023[5] - Q4 2023 net profit attributable to shareholders was RMB 112.99 million, also the highest among all quarters[5] - The company's weighted average return on equity (ROE) for 2023 was 17.51%, up 3.94 percentage points from 2022[2] - The company's basic earnings per share (EPS) for 2023 was RMB 0.8907, a 73.56% increase compared to 2022[2] - The company achieved a total operating revenue of 6.564 billion yuan, a year-on-year increase of 33.70%, and a net profit attributable to shareholders of 336 million yuan, a year-on-year increase of 81.62%[108] - Total operating revenue for 2023 reached RMB 6,563,662,921.14, a year-on-year increase of 33.70%[152] - Net cash flow from operating activities increased by 31.47% to RMB 549,611,961.22, driven by revenue growth and operational efficiency improvements[175] Market and Industry Trends - The global apparel and footwear market size reached USD 1.82 trillion in 2023, with a 5.40% year-over-year growth[13] - Global apparel and footwear retail sales reached $2.50 trillion in 2023, with a year-on-year growth rate of 17.46%[17] - The global apparel and footwear market size is projected to increase from $2.13 trillion in 2023 to $2.24 trillion by 2028[17] - Eastern Europe, Latin America, and the Middle East & Africa are expected to contribute significantly to the global apparel and footwear market growth over the next 5 years[17] - Global retail e-commerce sales reached $5.82 trillion in 2023, a 10.00% year-over-year increase, with a penetration rate of 19.40%[53] - China's retail e-commerce penetration rate exceeded 40% in 2023, leading globally, while the US, Japan, and Canada still have room for growth[53] - Global retail e-commerce penetration is projected to reach 22.60% by 2027[54] - The global apparel and footwear e-commerce market size was $557.7 billion in 2023, growing by 5.72%, with a penetration rate of 30.70%[55] - Fashion and apparel are expected to be the fastest-growing category on Amazon from 2022 to 2027, with a projected CAGR of 12.4%[55] - Global retail e-commerce sales are projected to grow from $7.96 trillion in 2023 to $9.00 trillion in 2024, with a penetration rate increasing from 22.00% to 24.00%[72] - China's cross-border e-commerce import and export volume reached 2.38 trillion yuan in 2023, a year-on-year increase of 15.6%, with exports accounting for 1.83 trillion yuan, up 19.6%[76] - The China Export Container Freight Index (composite index) dropped to 909.19 points by the end of 2023, a 74.66% decrease from its peak in 2022, reducing shipping costs for cross-border e-commerce companies[79] - The USD to RMB exchange rate rose from 6.79 in January 2023 to 7.14 in December 2023, enhancing the price competitiveness of Chinese export goods[81] - The proportion of well-known brand sellers in China's cross-border B2C exports is expected to increase from 15% in 2022 to 20-30% by 2025[82] Business Operations and Strategy - The company's main business model is B2C, focusing on direct sales to consumers[48] - The company's apparel and accessories category achieved revenue of 4.671 billion yuan in 2023, a 41.49% year-over-year increase, accounting for 71.17% of total revenue[68] - The company's men's brand Coofandy and homewear brand Ekouaer surpassed 1 billion yuan in annual sales for the first time in 2023[68] - The company's lingerie brand Avidlove exceeded 500 million yuan in annual sales in 2023[68] - The company's brands ANCHEER, Zeagoo, COBIZI, Hotouch, Arshiner, and Vivi each achieved over 100 million yuan in annual sales in 2023[68] - The company's apparel and accessories category accounted for approximately 1% of Amazon's apparel and footwear GMV in 2021, indicating significant growth potential[68] - The company's total revenue in 2023 was 656,366.29 million yuan, a 33.70% increase from 2022, with apparel and accessories contributing 467,115.16 million yuan, up 41.49%[84] - The company's logistics service revenue decreased by 12.40% to 12,576.64 million yuan in 2023, while other business revenue surged by 181.81% to 3,036.40 million yuan[84] - The company leverages big data and IT platforms to optimize product development, supply chain efficiency, and brand operations, including automated CPC advertising and inventory management[93][98] - The company's R&D investment reached 87.6886 million yuan, a year-on-year increase of 84.17%, with 236 R&D personnel accounting for 11.37% of the total workforce[102] - The company's non-apparel and accessories category achieved a revenue of 1.736 billion yuan, a year-on-year increase of 19.48%, accounting for 26.45% of the total operating revenue[115] - The company's Coofandy brand achieved sales of 1.455 billion yuan in 2023, a year-on-year increase of 58.63%[110] - The company's Ekouaer brand achieved sales of 1.286 billion yuan in 2023, a year-on-year increase of 41.90%[110] - The company's Avidlove brand achieved sales of 629.322 million yuan in 2023, a year-on-year increase of 33.43%[110] - The company's Zeagoo brand achieved sales of 227.8902 million yuan in 2023, a year-on-year increase of 85.14%[110] - The company's ANCHEER brand achieved sales of 231.0223 million yuan in 2023, a year-on-year decrease of 13.40%[110] - The company's flexible supply chain system has been opened to over 130 third-party outsourcing factories, improving production efficiency and shortening production cycles[101] - The company has 642 domestic patents (including invention patents and copyrights), 277 overseas patents (including copyrights), and 132 software copyrights[102] - The company's procurement system, combined with machine learning algorithms and internal/external data, significantly improves inventory management by predicting future product sales using gradient boosting decision tree algorithms and simulating supply-demand calculations[123] - The company's self-developed WMS warehouse system optimizes storage efficiency through dynamic storage location management, wave picking, optimized picking/shipping paths, automated sorting, and automatic weighing/photography[123] - The company's logistics system integrates the supply chain, utilizing big data monitoring to recommend optimal delivery solutions, achieve cargo transportation visualization, and enhance overall logistics control[123] - The company's revenue from North America increased by 41.04% to 587.15461 million yuan, accounting for 89.87% of total revenue[132] - The company's total revenue increased by 33.38% to 6.5332989 billion yuan, with overseas revenue accounting for 97.99% of total revenue[132] - The company's B2C business primarily relies on Amazon, which accounted for 88.32% of main business revenue in 2023[133] - The company's cross-border e-commerce export revenue increased by 34.68% to 6.39728300474 billion yuan, with a gross profit margin of 46.31%[134] - The company's sales volume increased by 32.26% to 29,403,674 units, while inventory increased by 56.07% to 15,746,704 units[136] - The company's procurement costs increased by 31.99% to 1.57417671458 billion yuan, accounting for 44.29% of total operating costs[136] - The company established four new subsidiaries in 2023, each with 100% ownership[137] - Amazon accounted for 88.91% of the company's total sales, with sales reaching RMB 5,835,841,385.32[140] - The company's total sales to its top five customers amounted to RMB 6,363,859,885.72, representing 96.96% of the annual sales[140] - Sales expenses increased by 35.03% year-over-year to RMB 2,341,534,619.26, driven by higher brand promotion costs[142] - R&D expenses surged by 84.17% year-over-year to RMB 87,688,608.09, focusing on product development and operational efficiency[142] - The company's B2C business on Amazon grew by 32.47% year-over-year, contributing 88.32% of total B2C revenue[150] - Walmart's sales through the company's B2C platform increased by 139.74% year-over-year, reaching RMB 26,657.45 thousand[150] - North America remained the primary sales region, accounting for 89.87% of the company's total revenue[149] - The company's B2B business grew by 50.46% year-over-year, with revenue reaching RMB 7,585.45 thousand[150] - Logistics service revenue decreased by 12.40% year-over-year to RMB 12,576.64 thousand[150] - The company is developing AI-based applications, including marketing copy generation and intelligent customer service, to enhance operational efficiency[142] - Cross-border e-commerce export revenue accounted for 97.47% of total revenue, with a year-on-year growth of 34.68%[152] - Revenue from apparel and accessories sales increased by 41.49% to RMB 4,671,151,610.93, representing 71.17% of total revenue[152] - Overseas revenue accounted for 97.99% of total revenue, with a year-on-year growth of 35.12%[152] - B2C product sales accounted for 96.47% of total revenue, with a year-on-year increase of 34.59%[152] - R&D investment in 2023 increased to RMB 87,688,608.09, accounting for 1.34% of total revenue, up from 0.97% in 2022[172] - The number of R&D personnel increased by 43.03% to 236, with the proportion of R&D personnel rising to 11.37%[172] - The top five customers accounted for 96.96% of total sales, with a combined sales amount of RMB 6,363,859,885.72[167] - The top five suppliers accounted for 11.32% of total procurement, with a combined procurement amount of RMB 278,215,379.08[168] - The company incurred a total of 94.4781 million yuan in leasing expenses for 19 office, production, and storage locations in 2023[184] - The company's total entrusted financial management amount was 1.6815 billion yuan, with an outstanding balance of 1.0956 billion yuan[192] - The company's total share capital after the public offering is 400.1 million shares, with 31.41094 million shares listed on the Shenzhen Stock Exchange starting July 12, 2023[197] - The company's total litigation amount not meeting the disclosure standard is 19.2641 million yuan, with some cases already adjudicated or settled[178] - The company's actual guarantee amount was calculated based on the USD to RMB exchange rate of 6.4536 on February 18, 2021[190] Corporate Governance and Structure - The company's registered and office address is located at Kangli City, No. 6, Shangli Lang Community, Nanwan Street, Longgang District, Shenzhen, China[38] - The company's stock code is 301381, and it is listed on the Shenzhen Stock Exchange[38] - The company's CEO is Chen Wenping, and the Board Secretary is Ai Fan[38] - The company's financial report for 2023 has been audited and certified by the accounting firm[42] - The company's future plans and performance forecasts do not constitute a commitment to investors[42] - The company plans to distribute a cash dividend of RMB 2.50 per 10 shares, totaling RMB 400.1 million[26]

赛维时代科技股份有限公司监事会 关于公司 2024 年限制性股票激励计划（草案）的核查意见 赛维时代科技股份有限公司（以下简称"公司"）监事会依据《中华人民共 和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下 简称"《证券法》"）、《上市公司股权激励管理办法》（以下简称"《管理办 法》"）、《深圳证券交易所创业板股票上市规则》（以下简称"《上市规则》"）、 公司具备实施股权激励计划的主体资格。 2、公司本次限制性股票激励计划所确定的激励对象不存在下列情形： （1）最近 12 个月内被证券交易所认定为不适当人选的； （2）最近 12 个月内被中国证监会及其派出机构认定为不适当人选的； 《深圳证券交易所创业板上市公司自律监管指南第 1 号——业务办理》（以下简 称"《自律监管指南》"）等相关法律、法规、规范性文件和《赛维时代科技股 份有限公司章程》（以下简称"《公司章程》"）的有关规定，对公司《2024 年 限制性股票激励计划（草案）》（以下简称"《激励计划（草案）》"）进行了 核查，发表核查意见如下： 1、公司不存在《管理办法》等法律、法规规定的禁止实施股权激励计划的 情形，包括： （1） ...