慕尚集团控股年报 2024

2 0 2 4 2346152035475355575961144 2007GXG2010gxg jeans2020MODE COMMUTER 111 131 Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands 183171712-1716 (FCGHKFCG) 1817 www.gxggroup.cn Cricket SquareHutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands GXG20245GXG×GXGGA9GXGVOGUE10GXG2024 20240.3% 2024123122.73,092.552.8%0.8GXG20.793%11.142.1%53.6%Mode Commuter11%16.8%26996GXG 2025 GXG2024 +AI2022BI2023202410%AI 2024 202412312,269.820232,329.02.5%59.2gxg.kidsGXG20233.0%61.5 GXG20233.0%61.5(i)(ii)(iii) gxg jeans202326.5%48.0gxg jeans gxg.kids202384.7%75.4gxg.kidsGXG Mode Commuter202311.0%4.1ModeCommuter 20231.6%14.9912.5 202341.3%55.478.7(i)gxg.kids(ii) 20236.1%25.7450.0 20231.8%14.7819.6(i)(ii) (i)GXG(ii)gxg jeans(iii)gxg.kids20231,02220241231996 (i)gxg.kids(ii)202312311,02220241231996 1,199.020231,212.21.1%13.252.8%202352.0% GXG202322.42.1%GXGGXG53.6%202354.1% gxg jeans202320.225.1%gxg jeansgxg jeans0.82023 2023gxg.kids18.890.8%gxg.kids9.1gxg.kids Mode Commuter20233.216.8%Mode CommuterMode Commuter2.62023 20238.51.3%202370.1%70.3% 20233.213.1%20238.727.0%gxg.kids 20230.90.5%20232.443.4% 20232.60.8%0.541.5%202341.0% 44.4202351.614.0%7.2 2023920.81.4%13.3934.1 202339.5%202441.2% 2023207.41.5%3.1210.5 20238.9%20249.3% 9.920237.5 20238.524.7%2.16.4 202367.821.5%14.653.2 49.1202351.85.2%2.7 18.2202314.624.7%3.6 30.9202337.216.9%6.3 171.7234.562.82023297.8126.1202320242023720252023 132.8202385.854.8%47.02024 20241231903.5202312311,329.820242023123120241231903.520231231827.824 20241231591.920231,035.442.8%443.520241231186.998.3%1.5%0.1%0.1%20241231405.0 2024123134.6%2023123144.1% 2019515 20241231301.7 2024123147.52024123111.0 2024123120231231 20241231 20241231467*2023123150884.92023100.03.7%20234.3% 4720188232001120024200252007260387720073 2014720125 692023320232L Catterton Asia20224Secoo Holding LimitedSECO202182246202251961 19791981 612018820194201912202241925200731997102001122001122005420055200710200711 1982122010520173 5320223L Catterton AsiaL Catterton AsiaL Catterton Management LimitedLCMLLCMLL Catterton Asia AdvisorsLCAAL Capital Asia 2 Pte.Ltd.Gracejoy Capital30(EU) 20161993 3920221015Ares Asia Private EquityAres AsiaAres AsiaCrescent Fund Management Pte. Ltd.Crescent PointCrescent Point 20086 34202312L Catterton AsiaLCMLLCAAL Capital Asia 2 Pte. Ltd.LCAAL Catterton AsiaLunar Capital 20137 52201942025309532013920246CMCCMC201012013860063720044200912UTStarcom Holdings Corp.UTStarcom. Inc.UTSI2009121995720044 20189202312017320237688099202211202532440 1672Vesync Co., Ltd21481318 7 622023120081220123601789 200312 45202210202322024668192024419 20016200711(King’sCollege London)20088(The University of Law)20105BPP(BPP University Law School)2002720121020185 13.51B(1) 4920109201482002720106201092016820169 19967 4720209202392220077200062002122003520068603877200792011620169 37GXGGXG201072012420148 20106 20241231 201511202019527 1 45614 45614 •••••• 1 2024123110.3%202311.2%5.0%20235.9% 2024123125.8%202323.5%6.5%20236.0% 202412315% 2024123153143 20241231 20241231 144 2024123124 2019527200,000,000704.9802.720241231704.9802.720195222022330202233020241231 2024123113 2024123126 28 20241231333.82023331.5 20241231 0.220230.3 84 3.13 1519 20241231467* 89 20241231XVXV78352C3 (1)L(2)Madison International LimitedGXG Trading LimitedGXG Trading Limited(3)2,000,00020201229(4)20241231950,000,000 20241231XVXV78352 20241231336XV23 (1)L (2)L Capital Asia 2 Pte. Ltd.Great World Glory Pte. Ltd.L Capital Asia 2 Sing LPL Capital Asia 2 LPL Capital Asia2 Pte. Ltd.L Capital Asia 2 Sing GP Pte. Ltd.L Capital Asia 2 GPL Capital Asia 2 Sing LPL Capital Asia 2 LPL Catterton Asia AdvisorsL Capital Asia 2 Sing GP Pte. Ltd.L Capital Asia 2 GPL Catterton AsiaHoldings LimitedL Catterton Asia AdvisorsL Catterton Management LimitedL Catterton Asia Holdings LimitedCatterton Holdings, LLCL Catterton Management LimitedL Catterton, L.P.Catterton Holdings,LLCL Catterton GP, LLCL Catterton, L.P.J. Michael ChuScott A. DahnkeLCatterton GP, LLCJ. Michael ChuScott A. Dahnke(3)Crescent Capital Investments Ltd.Crescent Glory Singapore Pte. Ltd.Crescent GP Ltd.Crescent CapitalInvestments Ltd.David McKee HandCrescent GP Ltd.DavidMcKee Hand(4)20241231950,000,000 20241231336XV23 2019426 2019527 (i)(ii) 121%17 The Core TrustCompany Limited D.2024112024123127,000,0002.84%202412311010,500,0001.1% 27 20201229 201959(i)(ii) 13.2013.2113.22 14A.07(1) 14A 1. 202427,00020241120241231 5,281,524 162024 20242024123120241220202520252025112025831 2025 2023122720241220 2. 20234320251231 2024123187.02024123131.5 202343 14A.55 (a)(b)(c) 14A.563000740 32(a)(i)32(a)(iii)14A14A 14A 25% 13.91C2 2025428 C1 1518 C.2.1 (i)(ii) 6.3 8E.1.5 3.13 201943.2915 C.1.4C.1.4 C.5.1(i)202320232023(ii)20242024(iii)(iv)202465 F.2.2202465 C.2.7 A.2.1 2023202320242024 E.1.2(c)(ii)