Dazzle Fashion 地素时尚
4 significant filings since 29 May 2026: 2 on equity incentive, 1 on dividend and 1 on buyback. The latest, on 22 Jul 2026: 地素时尚2025年年度权益分派实施公告.
自 29 May 2026 起有 4 份重大公告：equity incentive 2 份、dividend 1 份、buyback 1 份。最新一份（22 Jul 2026）：地素时尚2025年年度权益分派实施公告。
As of 25 Sep 2026 截至2026年9月25日
Dazzle Fashion 地素时尚, listed on the Shanghai Stock Exchange, operates in the Apparel and Home Textiles industry. The company reported a revenue of RMB2.14bn in 2025, down from RMB2.22bn in 2024, with attributable net profit declining from RMB303.5m to RMB260.4m. Profit margins and returns remain stable, with a 2025 net margin of 12.2% and ROE of 7.2%. Operating cash flow per share improved to RMB1.02 from RMB0.84, exceeding net profit at a ratio of 1.86x, indicating strong cash generation. As of 30 Jun 2026, the balance sheet remains healthy, with a low liabilities to assets ratio of 19.3% and strong liquidity, reflected in a current ratio of 4.34. The actual controller, 马瑞敏, holds 55.07% of shares. The company shows no signs of financial distress.
地素时尚（Dazzle Fashion）在上海证券交易所上市，属于服装家纺行业。2025年营业收入为21.36亿元，低于2024年的22.19亿元；归属于母公司股东的净利润从3.04亿元下降至2.60亿元。2025年净利率为12.2%，净资产收益率为7.2%，盈利水平保持稳定。每股经营现金流由0.84元上升至1.02元，经营现金流与净利润之比达1.86倍，显示现金生成能力良好。截至2026年6月30日，资产负债率为19.3%，流动比率4.34，速动比率3.87，财务结构稳健。实际控制人马瑞敏持股55.07%。公司未显现财务困境迹象。
- Revenue trend in the full-year 2026 results, to see if the +3.6% growth in the first half continues.
2026全年收入走势，观察上半年3.6%的增长是否持续。 - Attributable net profit in full-year 2026, to assess whether the +23.2% growth in the first half is sustained.
2026全年归母净利润，评估上半年23.2%的增长能否延续。 - Operating cash flow to net profit ratio in 2026, to confirm cash flow quality remains above 1x.
2026年经营现金流与净利润之比，确认现金流质量是否持续高于1倍。
- Company: Dazzle Fashion 地素时尚, Shanghai Stock Exchange 603587; industry Apparel and Home Textiles; listed 22 Jun 2018.
公司：地素时尚，上海证券交易所 603587；行业：服装家纺；上市日期：2018年6月22日。 - Close on 24 Sep 2026 RMB12.29; close on 24 Sep 2025 RMB12.58, RMB12.16 in today's terms; one-year change, adjusted for distributions and share changes +1.1%.
2026年9月24日收盘价12.29元；2025年9月24日收盘价12.58元（前复权12.16元）；一年涨跌幅（复权）+1.1%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB10.74 to RMB13.53.
52周区间（前复权）10.74元至13.53元。 - Market capitalisation RMB5.81bn; P/E TTM 19.4; price to book 1.59x.
总市值58.10亿元；市盈率（TTM）19.4；市净率1.59倍。 - Revenue 2025 RMB2.14bn; 2024 RMB2.22bn; change -3.7%.
营业收入2025年21.36亿元；2024年22.19亿元；同比-3.7%。 - Attributable net profit 2025 RMB260.4m; 2024 RMB303.5m; change -14.2%.
归属于母公司股东的净利润2025年2.60亿元；2024年3.04亿元；同比-14.2%。 - Net profit excluding non-recurring items, 2025 change -7.4%.
2025年扣除非经常性损益后的净利润同比-7.4%。 - Basic EPS 2025 RMB0.56; 2024 RMB0.65.
基本每股收益2025年0.56元；2024年0.65元。 - Operating cash flow per share 2025 RMB1.02; 2024 RMB0.84; operating cash flow to net profit 1.86x.
每股经营现金流2025年1.02元；2024年0.84元；经营现金流与净利润之比1.86倍。 - 2025 gross margin 74.9%; net margin 12.2%; ROE 7.2%.
2025年毛利率74.9%；净利率12.2%；净资产收益率7.2%。 - At 30 Jun 2026: liabilities to assets 19.3%; current ratio 4.34; quick ratio 3.87; receivable days 10; inventory days 268.
截至2026年6月30日：资产负债率19.3%；流动比率4.34；速动比率3.87；应收账款周转天数10；存货周转天数268。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB1.11bn, change +3.6%; attributable net profit RMB209.6m, change +23.2%; operating cash flow per share RMB0.65.
截至2026年6月30日的报告期（六个月，不可与上述全年数据直接比较）：营业收入11.05亿元，同比+3.6%；归母净利润2.10亿元，同比+23.2%；每股经营现金流0.65元。 - Ownership: actual controller 马瑞敏; largest holder at 30 Jun 2026: 马瑞敏, 55.07%.
股权：实际控制人：马瑞敏；2026年6月30日第一大股东：马瑞敏，持股55.07%。 - Latest distribution: ex-date 30 Jul 2026, cash RMB0.40 per share.
最近一次分配：除权除息日2026年7月30日，每股现金0.40元。 - Aurelian Grade B, score 74.3 of 100, graded within a peer group of 61 companies in its industry; no rank among peers is given.
金源评级B，得分74.3（满分100），于行业同业61家中评定；未提供其在同业中的排名。 - Not held for this report: receivable ageing, litigation case amounts, the order book, the auditor's opinion and key audit matters, segment revenue.
本报告未掌握：应收账款账龄、诉讼案件金额、在手订单、审计意见及关键审计事项、分部收入。