<p>香港，2026 年 3 月 16 日 -（ACN Newswire）- 中国利郎有限公司（“中国利郎” 或 “公司”，连同其子公司统称为 “集团”；股票代码：1234）今天公布了 2025 年的业绩。</p>
<p>中国利郎的董事长兼非执行董事王东兴表示：‘在 2025 年，面对宏观经济稳步复苏和消费市场适度增长的背景下，中国大陆的服装行业在面临压力的情况下，整体保持了稳定的发展轨迹。在消费升级的大趋势下，男装市场正在经历结构性分化，以商务休闲和智能休闲等中高端细分市场成为核心增长动力。行业正在加速从 “以数量驱动的竞争” 向以 “创新、质量和可持续发展” 为中心的高质量竞争阶段转型。中国利郎通过其差异化的品牌矩阵，深化了在男装市场的布局，通过 “利郎” 核心系列、“LESS IS MORE” 智能休闲系列和 “MUNSINGWEAR” 运动系列构建了多元化的业务组合，以全面满足市场对高质量、多样化服装的需求。同时，集团优化了全渠道营销布局，加强了线上线下的运营协同，积极拓展新兴在线平台，同时加速线下 DTC 模式，并同步推进国际化战略，以提升品牌影响力和多维度的运营效率。’</p>
<p>在 2025 年，集团的收入同比增长 11.5%，达到人民币 40.7 亿元。智能休闲及其他系列的收入激增 28.4%，主要得益于每家门店平均销售额的显著增长和新零售渠道的出色表现。核心系列的收入增长 6.0%，主要是由于集团在去年收回分销权后转向 DTC 模式所带来的初步运营效率。</p>
<p>毛利率同比增加 1.9 个百分点，达到 49.6%，主要是由于直接零售销售比例提高导致的平均单价上升，以及因收回分销权而减少的单次收入扣除。归属于股东的利润为人民币 5.02 亿元（2024 年：人民币 4.6 亿元），增长 9.0%。归属于股东的利润率同比下降 0.3 个百分点，降至 12.6%。每股收益增长 9.0%，达到人民币 41.96 分。</p>
<p>董事会建议每股派发最终股息港币 13 分（2024 年：港币 9 分）和特别最终股息港币 3 分（2024 年：港币 3 分）。加上已支付的中期股息，全年总股息为港币 32 分，维持稳定的股息支付比例。</p>
<p>在 2025 年，集团坚持确保品牌矩阵差异化的核心战略，深化在男装市场的布局。“利郎” 核心系列继续巩固其在传统男装市场的竞争优势。通过优化产品结构和深化区域渠道布局及渗透，进一步提升了在关键市场的品牌知名度和市场份额。去年成功完成东北地区和江苏省的分销权回购和转型后，集团加速了全年的渠道创新，随后获得山东省和重庆市一线分销商的经营权。“LESS IS MORE” 智能休闲系列针对年轻消费者，继续在完全直接零售模式下运营，其开店策略集中在购物中心，以提升消费者体验，通过精准定制的店面形象。到 2025 年 12 月底，核心系列有 2446 家门店，智能休闲及其他系列有 371 家门店，总计 2817 家门店，净增加 44 家。</p>
<p>在 2025 年，集团继续专注于在高端购物中心和奥特莱斯中心的优质位置开设门店，通过独特的品牌专属装修吸引顾客并提升销售。到 2025 年 12 月 31 日，购物中心和奥特莱斯门店数量增加至 1135 家（2024 年 12 月 31 日：1036 家）。</p>
<p>集团完成了新零售业务的战略转型，将其从库存清理渠道升级为主要的新产品销售平台。该细分市场的收入在 2025 年实现了 25% 的显著增长。在继续加强在天猫、京东和抖音等成熟销售平台的同时，集团还拓展了拼多多、微信渠道和 Poizon 等新兴渠道，形成了多元化的在线销售网络。集团充分利用小红书和微博等社交平台，持续制作高质量内容，以加强其内容驱动的电子商务战略。这种方法不仅加深了与消费者的情感联系，还有效扩大了年轻客户群，为新零售业务开辟了新的增长机会。</p>
<p>关于 “多品牌和国际化” 发展战略，作为集团多品牌战略的关键元素，优质高尔夫服装品牌 “MUNSINGWEAR” 在上半年成功完成交易交割。下半年，它在重庆和晋江等地开设了第一批实体店，进一步丰富了集团多样化的品牌组合和高端产品线。同时，集团在马来西亚开设第一家门店的计划顺利实施，首家门店于五月投入运营。十一月，在吉隆坡核心商业区 Pavilion Bukit Jalil 开设了全球首家 “未来零售” 概念旗舰店。截至 2025 年 12 月底，已开设 4 家门店。所有门店的顺利运营不仅完成了在东南亚市场的初步布局，也为集团后续在该地区的扩展奠定了重要基础。</p>
<p>在这一年中，集团坚持 “简约而不简单” 的核心设计理念，深化了其产业链的自主研发。实施核心高端产品战略，专注于面料创新、工艺升级和标准制定，以增强其 “科技赋能产品” 的竞争优势，同时将其技术专长转化为行业参考标准。</p>
<p>面对机遇与挑战并存的市场环境，中国利郎将保持审慎而乐观的态度，继续推进其 “多品牌和国际化” 的核心战略。将推进渠道改革，加强产品创新，提高运营效率，以巩固其在中国男装行业的领先地位。集团计划在 2026 年净增约 50 至 100 家门店，重点仍将放在高端购物中心和奥特莱斯。同时，集团将进一步巩固已转型地区的经营成果，并探索在其他适合地区推广 DTC 模式的可能性，以深化市场控制，提升消费者体验。</p>
<p>在新零售业务中，集团将继续推进线上渠道布局，力争在 2026 年实现新零售销售增长超过 15%。通过内容驱动的电子商务和精准的直播，集团希望吸引更多年轻客户，推动整体销售增长 10%。</p>
<p>集团将稳步推进 “MUNSINGWEAR” 的业务发展，计划继续扩大在中国大陆的实体店网络，并拓展在线销售渠道，实现线上线下协同。在国际扩展方面，继成功进入马来西亚市场后，集团在菲律宾的公司注册流程已完成，预计业务运营将在 2026 年正式开始，逐步完善其海外渠道布局。</p>
<p>中国利郎董事长王东兴先生总结道：‘展望 2026 年，全球地缘政治形势依然复杂多变，但中国政府持续推出政策和措施以促进消费和扩大内需，为国内市场提供支持。在 2025 年奠定的坚实基础上，中国利郎将专注于 “LILANZ” 核心系列和 “LESS IS MORE” 智能休闲系列的发展，同时深化其新零售战略，推进多品牌和海外业务，使其向质量和效率双提升的新阶段发展。还将继续推动研发创新，加强其 ESG 倡议，实现业务增长与可持续发展的同步，努力为股东创造稳定和可持续的回报。’</p>
<p>关于中国利郎</p>
<p>中国利郎是中国领先的男装企业之一。作为一家综合时尚企业，集团设计、采购和制造高质量的商务和休闲男装，并通过 “LILANZ” 和 “LESS IS MORE” 品牌在广泛的分销网络中销售，主要在中国及海外。</p>
<p>来源：中国利郎有限公司</p>
<p>版权 2026 ACN Newswire。版权所有。</p>

中国利郎

<p>中国利郎有限公司公布了 2025 年度业绩，报告显示收入增长 11.5%，达到人民币 40.7 亿元，主要得益于智能休闲系列的强劲表现。毛利率上升至 49.6%，归属于股东的利润为人民币 5.02 亿元，同比增长 9%。公司建议每股派发最终股息 13 港仙。利郎的战略集中在差异化品牌矩阵和扩大男装市场份额，优化全渠道营销，并增强直销模式。门店总数增加至 2,817 家，通过各个平台在线销售显著增长</p>

<p>HONG KONG, Mar 16, 2026 - (ACN Newswire) - China Lilang Limited ('China Lilang' or the 'Company', together with its subsidiaries, the 'Group'; stock code: 1234) today announced its results for the year 2025.</p>
<div class="lb-trans"><p>香港，2026 年 3 月 16 日 -（ACN Newswire）- 中国利郎有限公司（“中国利郎” 或 “公司”，连同其子公司统称为 “集团”；股票代码：1234）今天公布了 2025 年的业绩。</p>
</div><p>Mr. Wang Dong Xing, Chairman and Non-Executive Director of China Lilang, said: 'In 2025, against a backdrop of steady macroeconomic recovery and moderate growth in the consumer market, the apparel industry in the Chinese Mainland maintained an overall stable development trajectory despite facing pressure. Amid the broader trend of consumption upgrading, the menswear market is undergoing structural differentiation, with mid-to-high-end segments such as business casual and smart casual becoming core growth drivers. The industry is accelerating its transition from 'quantity-driven competition' towards a stage of high-quality competition centered on 'innovation, quality and sustainable development. China Lilang deepened its presence in the menswear market with its differentiated brand matrix, building a diversified business portfolio through the 'LILANZ' core collection, the 'LESS IS MORE' smart casual collection and the 'MUNSINGWEAR' sports line, to comprehensively meet market demand for high-quality, diverse apparel. At the same time, the Group optimized its omni-channel marketing layout, strengthened online-offline operational synergies, actively expanded into emerging online platforms while accelerating the DTC model offline, and simultaneously advanced its internationalization strategy to enhance brand influence and operational efficiency across multiple dimensions.'</p>
<div class="lb-trans"><p>中国利郎的董事长兼非执行董事王东兴表示：‘在 2025 年，面对宏观经济稳步复苏和消费市场适度增长的背景下，中国大陆的服装行业在面临压力的情况下，整体保持了稳定的发展轨迹。在消费升级的大趋势下，男装市场正在经历结构性分化，以商务休闲和智能休闲等中高端细分市场成为核心增长动力。行业正在加速从 “以数量驱动的竞争” 向以 “创新、质量和可持续发展” 为中心的高质量竞争阶段转型。中国利郎通过其差异化的品牌矩阵，深化了在男装市场的布局，通过 “利郎” 核心系列、“LESS IS MORE” 智能休闲系列和 “MUNSINGWEAR” 运动系列构建了多元化的业务组合，以全面满足市场对高质量、多样化服装的需求。同时，集团优化了全渠道营销布局，加强了线上线下的运营协同，积极拓展新兴在线平台，同时加速线下 DTC 模式，并同步推进国际化战略，以提升品牌影响力和多维度的运营效率。’</p>
</div><p>During the year, the Group's revenue increased by 11.5% year-on-year to RMB4.07 billion. Revenue from the smart casual and other collections surged by 28.4%, primarily driven by a significant increase in average sales per store and the outstanding performance of new retail channels. Revenue from the core collection grew by 6.0%, mainly due to the initial operational efficiencies generated during the year following the Group's transition to a DTC model after reclaiming distribution rights from distributors starting last year.</p>
<div class="lb-trans"><p>在 2025 年，集团的收入同比增长 11.5%，达到人民币 40.7 亿元。智能休闲及其他系列的收入激增 28.4%，主要得益于每家门店平均销售额的显著增长和新零售渠道的出色表现。核心系列的收入增长 6.0%，主要是由于集团在去年收回分销权后转向 DTC 模式所带来的初步运营效率。</p>
</div><p>Gross profit margin increased by 1.9 percentage points year-on-year to 49.6%, mainly due to the increase in average unit price as a result of a higher proportion of direct-to-retail sales, coupled with a smaller one-off deduction from revenue arising from the recovery of distribution rights. Profit attributable to equity shareholders was RMB502 million (2024: RMB460 million), representing an increase of 9.0%. The profit margin attributable to equity shareholders decreased by 0.3 percentage points year-on-year to 12.6%. Earnings per share increased by 9.0% to RMB41.96 cents.</p>
<div class="lb-trans"><p>毛利率同比增加 1.9 个百分点，达到 49.6%，主要是由于直接零售销售比例提高导致的平均单价上升，以及因收回分销权而减少的单次收入扣除。归属于股东的利润为人民币 5.02 亿元（2024 年：人民币 4.6 亿元），增长 9.0%。归属于股东的利润率同比下降 0.3 个百分点，降至 12.6%。每股收益增长 9.0%，达到人民币 41.96 分。</p>
</div><p>The Board has recommended a final dividend of HK13 cents per share (2024: HK9 cents) and a special final dividend of HK3 cents per share (2024: HK3 cents). Together with the interim dividend already paid, the total dividend for the year amounted to HK32 cents per share, maintaining a stable dividend payout ratio.</p>
<div class="lb-trans"><p>董事会建议每股派发最终股息港币 13 分（2024 年：港币 9 分）和特别最终股息港币 3 分（2024 年：港币 3 分）。加上已支付的中期股息，全年总股息为港币 32 分，维持稳定的股息支付比例。</p>
</div><p>During the year, the Group adhered to its core strategy of ensuring a well-differentiated brand matrix and deepening its presence in the menswear market. The &#34;LILANZ&#34; core collection continued to consolidate its competitive advantage in the traditional menswear market. By optimizing product structure and deepening regional channel deployment and penetration, it further enhanced brand awareness and market share in key markets. Having successfully completed the repurchase and transformation of distribution rights in Northeast China and Jiangsu Province last year, the Group accelerated channel innovation throughout the year, subsequently acquiring the operating rights of first-tier distributors in Shandong Province and Chongqing City. The &#34;LESS IS MORE&#34; smart casual collection, targeting younger consumers, continued to operate under a fully direct-to-retail model, with its store opening strategy focused on shopping malls, which is preferred by consumers to enhance the consumer experience through a precisely tailored store image. As at the end of December 2025, there were 2,446 stores for the core collection and 371 stores for the smart casual and other collections, a total of 2,817 stores with a net increase of 44 stores.</p>
<div class="lb-trans"><p>在 2025 年，集团坚持确保品牌矩阵差异化的核心战略，深化在男装市场的布局。“利郎” 核心系列继续巩固其在传统男装市场的竞争优势。通过优化产品结构和深化区域渠道布局及渗透，进一步提升了在关键市场的品牌知名度和市场份额。去年成功完成东北地区和江苏省的分销权回购和转型后，集团加速了全年的渠道创新，随后获得山东省和重庆市一线分销商的经营权。“LESS IS MORE” 智能休闲系列针对年轻消费者，继续在完全直接零售模式下运营，其开店策略集中在购物中心，以提升消费者体验，通过精准定制的店面形象。到 2025 年 12 月底，核心系列有 2446 家门店，智能休闲及其他系列有 371 家门店，总计 2817 家门店，净增加 44 家。</p>
</div><p>During the year, the Group continued to focus on opening stores in prime locations within premium shopping malls and outlet centers, attracting customers and boosting sales through distinctive brand-specific renovations. As at 31 December 2025, the number of stores located in shopping malls and outlet stores increased to 1,135 (31 December 2024: 1,036).</p>
<div class="lb-trans"><p>在 2025 年，集团继续专注于在高端购物中心和奥特莱斯中心的优质位置开设门店，通过独特的品牌专属装修吸引顾客并提升销售。到 2025 年 12 月 31 日，购物中心和奥特莱斯门店数量增加至 1135 家（2024 年 12 月 31 日：1036 家）。</p>
</div><p>The Group completed strategic transformation of its new retail business, upgrading it from an inventory clearance channel into a major new product sales platform. Revenue from this segment recorded a significant increase of 25% during the year. While continuing to strengthen its presence on mature sales platforms like Tmall, JD.com and TikTok, the Group has also expanded into emerging channels such as Pinduoduo, Wechat Channels and Poizon, creating a diversified online sales network altogether. The Group made full use of social platforms such as Xiaohongshu and Weibo to continuously produce high-quality content to strengthen its content-driven e-commerce strategy. This approach not only deepened the emotional connection with consumers but also effectively expanded the young customer base, opening new growth opportunities for the new retail business.</p>
<div class="lb-trans"><p>集团完成了新零售业务的战略转型，将其从库存清理渠道升级为主要的新产品销售平台。该细分市场的收入在 2025 年实现了 25% 的显著增长。在继续加强在天猫、京东和抖音等成熟销售平台的同时，集团还拓展了拼多多、微信渠道和 Poizon 等新兴渠道，形成了多元化的在线销售网络。集团充分利用小红书和微博等社交平台，持续制作高质量内容，以加强其内容驱动的电子商务战略。这种方法不仅加深了与消费者的情感联系，还有效扩大了年轻客户群，为新零售业务开辟了新的增长机会。</p>
</div><p>Regarding the &#34;Multi-brands and Internationalization&#34; development strategy, the premium golf apparel brand &#34;MUNSINGWEAR&#34;, a key element of the Group's multi-brand strategy, successfully completed its transaction closing in the first half of the year. In the second half, it opened its first batch of physical stores in locations including Chongqing and Jinjiang, further enriching the Group's diversified brand portfolio and premium product lines. Meanwhile, the Group's plan to open its first store in Malaysia was successfully implemented and the first stores commissioned in May. In November, it opened the world's first &#34;Future Retail&#34; concept flagship store at Pavilion Bukit Jalil, a core business district in Kuala Lumpur. By the end of December 2025, 4 stores had been opened. The smooth operation of all stores not only completed the initial layout in the Southeast Asian market but also laid an important foundation for the Group's subsequent expansion across the region.</p>
<div class="lb-trans"><p>关于 “多品牌和国际化” 发展战略，作为集团多品牌战略的关键元素，优质高尔夫服装品牌 “MUNSINGWEAR” 在上半年成功完成交易交割。下半年，它在重庆和晋江等地开设了第一批实体店，进一步丰富了集团多样化的品牌组合和高端产品线。同时，集团在马来西亚开设第一家门店的计划顺利实施，首家门店于五月投入运营。十一月，在吉隆坡核心商业区 Pavilion Bukit Jalil 开设了全球首家 “未来零售” 概念旗舰店。截至 2025 年 12 月底，已开设 4 家门店。所有门店的顺利运营不仅完成了在东南亚市场的初步布局，也为集团后续在该地区的扩展奠定了重要基础。</p>
</div><p>During the year, the Group adhered to its core design philosophy of &#34;Simplicity but Not Simple&#34;, deepening proprietary research and development across its industrial chain. It implemented a core premium product strategy, focusing on fabric innovation, craftsmanship upgrades and standard-setting to strengthen its competitive advantage of &#34;Technology-Empowered Products&#34;, while transforming its technological expertise into industry-wide reference standards.</p>
<div class="lb-trans"><p>在这一年中，集团坚持 “简约而不简单” 的核心设计理念，深化了其产业链的自主研发。实施核心高端产品战略，专注于面料创新、工艺升级和标准制定，以增强其 “科技赋能产品” 的竞争优势，同时将其技术专长转化为行业参考标准。</p>
</div><p>Facing a market environment where opportunities and challenges coexist, China Lilang will maintain a prudent yet optimistic stance and continue to pursue its core strategy of &#34;Multi-brands and Internationalization&#34;. It will advance channel reforms, strengthen product innovation and enhance operational efficiency, to bolster its leading position in China's menswear industry. The Group plans for a net increase of approximately 50 to 100 stores in 2026, with the focus remaining on premium shopping malls and outlets. At the same time, the Group will further consolidate the operating results of the regions that have transitioned and explore the possibility of rolling out the DTC model in other suitable regions to deepen market control and elevate consumer experience.</p>
<div class="lb-trans"><p>面对机遇与挑战并存的市场环境，中国利郎将保持审慎而乐观的态度，继续推进其 “多品牌和国际化” 的核心战略。将推进渠道改革，加强产品创新，提高运营效率，以巩固其在中国男装行业的领先地位。集团计划在 2026 年净增约 50 至 100 家门店，重点仍将放在高端购物中心和奥特莱斯。同时，集团将进一步巩固已转型地区的经营成果，并探索在其他适合地区推广 DTC 模式的可能性，以深化市场控制，提升消费者体验。</p>
</div><p>In the new retail business, the Group will continue to advance its online channel layout, aiming to achieve over 15% growth in new retail sales in 2026. Through content-focused e-commerce and targeted live streaming, the Group seeks to reach more young customers and drive overall sales growth of 10%.</p>
<div class="lb-trans"><p>在新零售业务中，集团将继续推进线上渠道布局，力争在 2026 年实现新零售销售增长超过 15%。通过内容驱动的电子商务和精准的直播，集团希望吸引更多年轻客户，推动整体销售增长 10%。</p>
</div><p>The Group will steadily advance the business development of &#34;MUNSINGWEAR&#34;, planning to continue expanding its physical store network in the Chinese Mainland and expanding its online sales channels to achieve online-offline synergy. In terms of international expansion, following its successful entry into the Malaysian market, the Group's company registration process in the Philippines has been completed, with business operations expected to officially commence in 2026, gradually refining its overseas channel layout.</p>
<div class="lb-trans"><p>集团将稳步推进 “MUNSINGWEAR” 的业务发展，计划继续扩大在中国大陆的实体店网络，并拓展在线销售渠道，实现线上线下协同。在国际扩展方面，继成功进入马来西亚市场后，集团在菲律宾的公司注册流程已完成，预计业务运营将在 2026 年正式开始，逐步完善其海外渠道布局。</p>
</div><p>Mr. Wang Dong Xing, Chairman of China Lilang, concluded: 'Looking ahead to 2026, the global geopolitical landscape remains complex and volatile, but the Chinese government continues to introduce policies and measures to promote consumption and expand domestic demand, providing support for the domestic market. Building upon the solid foundation established in 2025, China Lilang will focus on the development of its 'LILANZ' core collection and 'LESS IS MORE' smart casual collection, while deepening its new retail strategy and advancing multi-brand and overseas businesses, enabling it to advance towards a new stage of growth characterized by improvements in both quality and efficiency. It will also continue to drive R&amp;D innovation and strength its ESG initiatives, achieving concurrent business growth and sustainable development, striving to create stable and sustainable returns for shareholders.&#34;</p>
<div class="lb-trans"><p>中国利郎董事长王东兴先生总结道：‘展望 2026 年，全球地缘政治形势依然复杂多变，但中国政府持续推出政策和措施以促进消费和扩大内需，为国内市场提供支持。在 2025 年奠定的坚实基础上，中国利郎将专注于 “LILANZ” 核心系列和 “LESS IS MORE” 智能休闲系列的发展，同时深化其新零售战略，推进多品牌和海外业务，使其向质量和效率双提升的新阶段发展。还将继续推动研发创新，加强其 ESG 倡议，实现业务增长与可持续发展的同步，努力为股东创造稳定和可持续的回报。’</p>
</div><p>About China Lilang</p>
<div class="lb-trans"><p>关于中国利郎</p>
</div><p>China Lilang is one of the leading PRC menswear enterprises. As an integrated fashion enterprise, the Group designs, sources and manufactures high-quality business and casual apparel for men and sells under brands of 'LILANZ' and 'LESS IS MORE' cross an extensive distribution network, mainly in the PRC and overseas.</p>
<div class="lb-trans"><p>中国利郎是中国领先的男装企业之一。作为一家综合时尚企业，集团设计、采购和制造高质量的商务和休闲男装，并通过 “LILANZ” 和 “LESS IS MORE” 品牌在广泛的分销网络中销售，主要在中国及海外。</p>
</div><p>Source: China Lilang Limited</p>
<div class="lb-trans"><p>来源：中国利郎有限公司</p>
</div><p>Copyright 2026 ACN Newswire . All rights reserved.</p>
<div class="lb-trans"><p>版权 2026 ACN Newswire。版权所有。</p>
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中国利郎宣布 2025 年度业绩