<p>香港，2026 年 3 月 16 日 -（ACN Newswire）- 中國利郎有限公司（“中國利郎” 或 “公司”，連同其子公司統稱為 “集團”；股票代碼：1234）今天公佈了 2025 年的業績。</p>
<p>中國利郎的董事長兼非執行董事王東興表示：‘在 2025 年，面對宏觀經濟穩步復甦和消費市場適度增長的背景下，中國大陸的服裝行業在面臨壓力的情況下，整體保持了穩定的發展軌跡。在消費升級的大趨勢下，男裝市場正在經歷結構性分化，以商務休閒和智能休閒等中高端細分市場成為核心增長動力。行業正在加速從 “以數量驅動的競爭” 向以 “創新、質量和可持續發展” 為中心的高質量競爭階段轉型。中國利郎通過其差異化的品牌矩陣，深化了在男裝市場的佈局，通過 “利郎” 核心系列、“LESS IS MORE” 智能休閒系列和 “MUNSINGWEAR” 運動系列構建了多元化的業務組合，以全面滿足市場對高質量、多樣化服裝的需求。同時，集團優化了全渠道營銷佈局，加強了線上線下的運營協同，積極拓展新興在線平台，同時加速線下 DTC 模式，並同步推進國際化戰略，以提升品牌影響力和多維度的運營效率。’</p>
<p>在 2025 年，集團的收入同比增長 11.5%，達到人民幣 40.7 億元。智能休閒及其他系列的收入激增 28.4%，主要得益於每家門店平均銷售額的顯著增長和新零售渠道的出色表現。核心系列的收入增長 6.0%，主要是由於集團在去年收回分銷權後轉向 DTC 模式所帶來的初步運營效率。</p>
<p>毛利率同比增加 1.9 個百分點，達到 49.6%，主要是由於直接零售銷售比例提高導致的平均單價上升，以及因收回分銷權而減少的單次收入扣除。歸屬於股東的利潤為人民幣 5.02 億元（2024 年：人民幣 4.6 億元），增長 9.0%。歸屬於股東的利潤率同比下降 0.3 個百分點，降至 12.6%。每股收益增長 9.0%，達到人民幣 41.96 分。</p>
<p>董事會建議每股派發最終股息港幣 13 分（2024 年：港幣 9 分）和特別最終股息港幣 3 分（2024 年：港幣 3 分）。加上已支付的中期股息，全年總股息為港幣 32 分，維持穩定的股息支付比例。</p>
<p>在 2025 年，集團堅持確保品牌矩陣差異化的核心戰略，深化在男裝市場的佈局。“利郎” 核心系列繼續鞏固其在傳統男裝市場的競爭優勢。通過優化產品結構和深化區域渠道佈局及滲透，進一步提升了在關鍵市場的品牌知名度和市場份額。去年成功完成東北地區和江蘇省的分銷權回購和轉型後，集團加速了全年的渠道創新，隨後獲得山東省和重慶市一線分銷商的經營權。“LESS IS MORE” 智能休閒系列針對年輕消費者，繼續在完全直接零售模式下運營，其開店策略集中在購物中心，以提升消費者體驗，通過精準定製的店面形象。到 2025 年 12 月底，核心系列有 2446 家門店，智能休閒及其他系列有 371 家門店，總計 2817 家門店，淨增加 44 家。</p>
<p>在 2025 年，集團繼續專注於在高端購物中心和奧特萊斯中心的優質位置開設門店，通過獨特的品牌專屬裝修吸引顧客並提升銷售。到 2025 年 12 月 31 日，購物中心和奧特萊斯門店數量增加至 1135 家（2024 年 12 月 31 日：1036 家）。</p>
<p>集團完成了新零售業務的戰略轉型，將其從庫存清理渠道升級為主要的新產品銷售平台。該細分市場的收入在 2025 年實現了 25% 的顯著增長。在繼續加強在天貓、京東和抖音等成熟銷售平台的同時，集團還拓展了拼多多、微信渠道和 Poizon 等新興渠道，形成了多元化的在線銷售網絡。集團充分利用小紅書和微博等社交平台，持續製作高質量內容，以加強其內容驅動的電子商務戰略。這種方法不僅加深了與消費者的情感聯繫，還有效擴大了年輕客户羣，為新零售業務開闢了新的增長機會。</p>
<p>關於 “多品牌和國際化” 發展戰略，作為集團多品牌戰略的關鍵元素，優質高爾夫服裝品牌 “MUNSINGWEAR” 在上半年成功完成交易交割。下半年，它在重慶和晉江等地開設了第一批實體店，進一步豐富了集團多樣化的品牌組合和高端產品線。同時，集團在馬來西亞開設第一家門店的計劃順利實施，首家門店於五月投入運營。十一月，在吉隆坡核心商業區 Pavilion Bukit Jalil 開設了全球首家 “未來零售” 概念旗艦店。截至 2025 年 12 月底，已開設 4 家門店。所有門店的順利運營不僅完成了在東南亞市場的初步佈局，也為集團後續在該地區的擴展奠定了重要基礎。</p>
<p>在這一年中，集團堅持 “簡約而不簡單” 的核心設計理念，深化了其產業鏈的自主研發。實施核心高端產品戰略，專注於面料創新、工藝升級和標準制定，以增強其 “科技賦能產品” 的競爭優勢，同時將其技術專長轉化為行業參考標準。</p>
<p>面對機遇與挑戰並存的市場環境，中國利郎將保持審慎而樂觀的態度，繼續推進其 “多品牌和國際化” 的核心戰略。將推進渠道改革，加強產品創新，提高運營效率，以鞏固其在中國男裝行業的領先地位。集團計劃在 2026 年淨增約 50 至 100 家門店，重點仍將放在高端購物中心和奧特萊斯。同時，集團將進一步鞏固已轉型地區的經營成果，並探索在其他適合地區推廣 DTC 模式的可能性，以深化市場控制，提升消費者體驗。</p>
<p>在新零售業務中，集團將繼續推進線上渠道佈局，力爭在 2026 年實現新零售銷售增長超過 15%。通過內容驅動的電子商務和精準的直播，集團希望吸引更多年輕客户，推動整體銷售增長 10%。</p>
<p>集團將穩步推進 “MUNSINGWEAR” 的業務發展，計劃繼續擴大在中國大陸的實體店網絡，並拓展在線銷售渠道，實現線上線下協同。在國際擴展方面，繼成功進入馬來西亞市場後，集團在菲律賓的公司註冊流程已完成，預計業務運營將在 2026 年正式開始，逐步完善其海外渠道佈局。</p>
<p>中國利郎董事長王東興先生總結道：‘展望 2026 年，全球地緣政治形勢依然複雜多變，但中國政府持續推出政策和措施以促進消費和擴大內需，為國內市場提供支持。在 2025 年奠定的堅實基礎上，中國利郎將專注於 “LILANZ” 核心系列和 “LESS IS MORE” 智能休閒系列的發展，同時深化其新零售戰略，推進多品牌和海外業務，使其向質量和效率雙提升的新階段發展。還將繼續推動研發創新，加強其 ESG 倡議，實現業務增長與可持續發展的同步，努力為股東創造穩定和可持續的回報。’</p>
<p>關於中國利郎</p>
<p>中國利郎是中國領先的男裝企業之一。作為一家綜合時尚企業，集團設計、採購和製造高質量的商務和休閒男裝，並通過 “LILANZ” 和 “LESS IS MORE” 品牌在廣泛的分銷網絡中銷售，主要在中國及海外。</p>
<p>來源：中國利郎有限公司</p>
<p>版權 2026 ACN Newswire。版權所有。</p>

中國利郎

<p>中國利郎有限公司公佈了 2025 年度業績，報告顯示收入增長 11.5%，達到人民幣 40.7 億元，主要得益於智能休閒系列的強勁表現。毛利率上升至 49.6%，歸屬於股東的利潤為人民幣 5.02 億元，同比增長 9%。公司建議每股派發最終股息 13 港仙。利郎的戰略集中在差異化品牌矩陣和擴大男裝市場份額，優化全渠道營銷，並增強直銷模式。門店總數增加至 2,817 家，通過各個平台在線銷售顯著增長</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）- 中國利郎有限公司（“中國利郎” 或 “公司”，連同其子公司統稱為 “集團”；股票代碼：1234）今天公佈了 2025 年的業績。</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>中國利郎的董事長兼非執行董事王東興表示：‘在 2025 年，面對宏觀經濟穩步復甦和消費市場適度增長的背景下，中國大陸的服裝行業在面臨壓力的情況下，整體保持了穩定的發展軌跡。在消費升級的大趨勢下，男裝市場正在經歷結構性分化，以商務休閒和智能休閒等中高端細分市場成為核心增長動力。行業正在加速從 “以數量驅動的競爭” 向以 “創新、質量和可持續發展” 為中心的高質量競爭階段轉型。中國利郎通過其差異化的品牌矩陣，深化了在男裝市場的佈局，通過 “利郎” 核心系列、“LESS IS MORE” 智能休閒系列和 “MUNSINGWEAR” 運動系列構建了多元化的業務組合，以全面滿足市場對高質量、多樣化服裝的需求。同時，集團優化了全渠道營銷佈局，加強了線上線下的運營協同，積極拓展新興在線平台，同時加速線下 DTC 模式，並同步推進國際化戰略，以提升品牌影響力和多維度的運營效率。’</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，集團的收入同比增長 11.5%，達到人民幣 40.7 億元。智能休閒及其他系列的收入激增 28.4%，主要得益於每家門店平均銷售額的顯著增長和新零售渠道的出色表現。核心系列的收入增長 6.0%，主要是由於集團在去年收回分銷權後轉向 DTC 模式所帶來的初步運營效率。</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 個百分點，達到 49.6%，主要是由於直接零售銷售比例提高導致的平均單價上升，以及因收回分銷權而減少的單次收入扣除。歸屬於股東的利潤為人民幣 5.02 億元（2024 年：人民幣 4.6 億元），增長 9.0%。歸屬於股東的利潤率同比下降 0.3 個百分點，降至 12.6%。每股收益增長 9.0%，達到人民幣 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>董事會建議每股派發最終股息港幣 13 分（2024 年：港幣 9 分）和特別最終股息港幣 3 分（2024 年：港幣 3 分）。加上已支付的中期股息，全年總股息為港幣 32 分，維持穩定的股息支付比例。</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，集團堅持確保品牌矩陣差異化的核心戰略，深化在男裝市場的佈局。“利郎” 核心系列繼續鞏固其在傳統男裝市場的競爭優勢。通過優化產品結構和深化區域渠道佈局及滲透，進一步提升了在關鍵市場的品牌知名度和市場份額。去年成功完成東北地區和江蘇省的分銷權回購和轉型後，集團加速了全年的渠道創新，隨後獲得山東省和重慶市一線分銷商的經營權。“LESS IS MORE” 智能休閒系列針對年輕消費者，繼續在完全直接零售模式下運營，其開店策略集中在購物中心，以提升消費者體驗，通過精準定製的店面形象。到 2025 年 12 月底，核心系列有 2446 家門店，智能休閒及其他系列有 371 家門店，總計 2817 家門店，淨增加 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，集團繼續專注於在高端購物中心和奧特萊斯中心的優質位置開設門店，通過獨特的品牌專屬裝修吸引顧客並提升銷售。到 2025 年 12 月 31 日，購物中心和奧特萊斯門店數量增加至 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>集團完成了新零售業務的戰略轉型，將其從庫存清理渠道升級為主要的新產品銷售平台。該細分市場的收入在 2025 年實現了 25% 的顯著增長。在繼續加強在天貓、京東和抖音等成熟銷售平台的同時，集團還拓展了拼多多、微信渠道和 Poizon 等新興渠道，形成了多元化的在線銷售網絡。集團充分利用小紅書和微博等社交平台，持續製作高質量內容，以加強其內容驅動的電子商務戰略。這種方法不僅加深了與消費者的情感聯繫，還有效擴大了年輕客户羣，為新零售業務開闢了新的增長機會。</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>關於 “多品牌和國際化” 發展戰略，作為集團多品牌戰略的關鍵元素，優質高爾夫服裝品牌 “MUNSINGWEAR” 在上半年成功完成交易交割。下半年，它在重慶和晉江等地開設了第一批實體店，進一步豐富了集團多樣化的品牌組合和高端產品線。同時，集團在馬來西亞開設第一家門店的計劃順利實施，首家門店於五月投入運營。十一月，在吉隆坡核心商業區 Pavilion Bukit Jalil 開設了全球首家 “未來零售” 概念旗艦店。截至 2025 年 12 月底，已開設 4 家門店。所有門店的順利運營不僅完成了在東南亞市場的初步佈局，也為集團後續在該地區的擴展奠定了重要基礎。</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>在這一年中，集團堅持 “簡約而不簡單” 的核心設計理念，深化了其產業鏈的自主研發。實施核心高端產品戰略，專注於面料創新、工藝升級和標準制定，以增強其 “科技賦能產品” 的競爭優勢，同時將其技術專長轉化為行業參考標準。</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>面對機遇與挑戰並存的市場環境，中國利郎將保持審慎而樂觀的態度，繼續推進其 “多品牌和國際化” 的核心戰略。將推進渠道改革，加強產品創新，提高運營效率，以鞏固其在中國男裝行業的領先地位。集團計劃在 2026 年淨增約 50 至 100 家門店，重點仍將放在高端購物中心和奧特萊斯。同時，集團將進一步鞏固已轉型地區的經營成果，並探索在其他適合地區推廣 DTC 模式的可能性，以深化市場控制，提升消費者體驗。</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>在新零售業務中，集團將繼續推進線上渠道佈局，力爭在 2026 年實現新零售銷售增長超過 15%。通過內容驅動的電子商務和精準的直播，集團希望吸引更多年輕客户，推動整體銷售增長 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>集團將穩步推進 “MUNSINGWEAR” 的業務發展，計劃繼續擴大在中國大陸的實體店網絡，並拓展在線銷售渠道，實現線上線下協同。在國際擴展方面，繼成功進入馬來西亞市場後，集團在菲律賓的公司註冊流程已完成，預計業務運營將在 2026 年正式開始，逐步完善其海外渠道佈局。</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>中國利郎董事長王東興先生總結道：‘展望 2026 年，全球地緣政治形勢依然複雜多變，但中國政府持續推出政策和措施以促進消費和擴大內需，為國內市場提供支持。在 2025 年奠定的堅實基礎上，中國利郎將專注於 “LILANZ” 核心系列和 “LESS IS MORE” 智能休閒系列的發展，同時深化其新零售戰略，推進多品牌和海外業務，使其向質量和效率雙提升的新階段發展。還將繼續推動研發創新，加強其 ESG 倡議，實現業務增長與可持續發展的同步，努力為股東創造穩定和可持續的回報。’</p>
</div><p>About China Lilang</p>
<div class="lb-trans"><p>關於中國利郎</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>中國利郎是中國領先的男裝企業之一。作為一家綜合時尚企業，集團設計、採購和製造高質量的商務和休閒男裝，並通過 “LILANZ” 和 “LESS IS MORE” 品牌在廣泛的分銷網絡中銷售，主要在中國及海外。</p>
</div><p>Source: China Lilang Limited</p>
<div class="lb-trans"><p>來源：中國利郎有限公司</p>
</div><p>Copyright 2026 ACN Newswire . All rights reserved.</p>
<div class="lb-trans"><p>版權 2026 ACN Newswire。版權所有。</p>
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中國利郎宣佈 2025 年度業績