股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年3月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 聯華超市股份有限公司 呈交日期: 2026年4月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00980 | 說明 | | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | | 法定/註冊股本 | | | 上月底結存 | | | 372,600,000 | RMB | | | 1 RMB | | | 372,600,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | | 本月底結存 | | | 372,600,000 | RMB | | | 1 RMB | | | 372,600,000 | | ...

Core Viewpoint - Lianhua Supermarket (00980.HK) reported a decline in revenue for 2025, indicating challenges in the retail sector, particularly in large supermarkets and convenience stores [1] Financial Performance - Revenue for 2025 was approximately RMB 17.753 billion, a year-on-year decrease of about 9.9% [1] - The large-scale supermarket segment saw a decline of approximately 14.7%, while the supermarket segment decreased by about 5.9%, and the convenience store segment fell by around 11.2% [1] - Gross profit amounted to approximately RMB 2.088 billion, down about 12.0% year-on-year, with a gross margin of approximately 11.76%, a decrease of 0.27 percentage points compared to the previous year [1] - The net loss attributable to shareholders for the year was approximately RMB 200 million, representing a 44.18% reduction year-on-year, with a basic loss per share of approximately RMB 0.14 [1]

Core Viewpoint - Lianhua Supermarket (00980) reported a revenue of approximately RMB 17.753 billion for 2025, reflecting a year-on-year decline of about 9.9% [1] Revenue Breakdown - Revenue from large comprehensive supermarkets decreased by approximately 14.7% [1] - Revenue from supermarkets declined by about 5.9% [1] - Revenue from convenience stores fell by around 11.2% [1] Profitability Metrics - Gross profit amounted to approximately RMB 2.088 billion, down about 12.0% year-on-year [1] - Gross margin was approximately 11.76%, a decrease of about 0.27 percentage points year-on-year [1] Net Loss - The net loss attributable to shareholders for the year was approximately RMB 200 million, narrowing by 44.18% year-on-year [1] - Basic loss per share was approximately RMB 0.14 [1] Strategic Adjustments - The decrease in revenue was primarily influenced by changes in consumer shopping habits and the diversification of consumption channels, leading to a split in customer traffic [1] - The company is focusing on strategic adjustments, emphasizing core markets in Shanghai and Zhejiang, selling stakes in certain subsidiaries, and reducing unprofitable sales scale, which contributed to the overall decline in sales [1]

Financial Performance - The company's revenue for the year ended December 31, 2025, was approximately RMB 17.75 billion, a year-on-year decrease of about 9.9%[2] - Gross profit amounted to approximately RMB 2.09 billion, representing a year-on-year decline of about 12.0%, with a gross profit margin of 11.76%, down by 0.27 percentage points[2] - Total comprehensive income reached RMB 39.99 billion, a year-on-year decrease of approximately 15.1%, with a comprehensive income rate of 22.53%, down by 1.37 percentage points[2] - Operating loss was approximately RMB 181 million, a reduction in loss of about RMB 76 million year-on-year, with a net loss attributable to shareholders of RMB 200 million, down by RMB 159 million year-on-year[2] - The group reported a consolidated pre-tax loss of RMB 175,150,000 in 2025, an improvement from a loss of RMB 251,070,000 in 2024[25] - The company reported a pre-tax loss of RMB 175,150,000 for 2025, compared to a loss of RMB 251,070,000 in 2024, representing a 30.2% improvement year-over-year[37] - The net loss attributable to shareholders was approximately RMB 200 million, a decrease in loss of about RMB 159 million year-on-year, with a net loss margin of 1.13%, down by 0.69 percentage points year-on-year[63] Revenue Breakdown - Revenue from merchandise sales was RMB 17,753,295,000, down from RMB 19,710,114,000 in the previous year, representing a decline of 9.9%[16] - The performance of the large-scale supermarket segment reported a revenue of RMB 7,632,300,000 in 2025, down 16.8% from RMB 9,174,143,000 in 2024[25] - The supermarket segment generated revenue of RMB 9,993,472,000 in 2025, a decline of 6.6% compared to RMB 10,705,355,000 in 2024[25] - The convenience store segment's revenue decreased to RMB 1,302,653,000 in 2025, down 11.4% from RMB 1,470,005,000 in 2024[25] - The other business segment saw an increase in revenue to RMB 67,755,000 in 2025, up 8.3% from RMB 62,461,000 in 2024[25] Assets and Liabilities - Non-current assets totaled RMB 9.16 billion, a decrease from RMB 11.38 billion in the previous year[4] - Total assets amounted to RMB 18.02 billion, down from RMB 19.66 billion in the previous year[5] - The company's equity attributable to shareholders was negative at RMB 130 million, compared to negative RMB 286 million in the previous year[5] - Current liabilities net amount was negative at RMB 6.03 billion, an improvement from negative RMB 7.45 billion in the previous year[6] - The group reported net current liabilities of RMB 6,033,284,000, down from RMB 7,454,930,000 in 2024, indicating a significant reduction in liquidity risk[14] Store Operations - The company opened 216 new stores during the review period, including 200 supermarkets and 16 convenience stores[2] - A total of 216 new stores were opened during the year, with 147 in the Yangtze River Delta region, accounting for 68.1% of new openings; 266 stores were closed, resulting in a net decrease of 50 stores compared to the end of 2024[83][85] - The company has 3,067 stores as of December 31, 2025, with approximately 83.9% located in the East China region[85] - The supermarket segment opened 200 new stores and closed 154, achieving a net increase of 46 stores[89] - The convenience store segment opened 16 new stores but closed 108, resulting in a net decrease of 92 stores[90] Cost Management - Distribution costs and administrative expenses were approximately RMB 39.81 billion, a year-on-year decrease of about RMB 726 million, accounting for approximately 22.42% of revenue, down by 1.46 percentage points[2] - Total employee costs decreased to RMB 1,635,338,000 in 2025 from RMB 1,935,739,000 in 2024, reflecting a reduction of approximately 15.5%[1] - Distribution and selling costs were approximately RMB 3.388 billion, a decrease of about RMB 602 million or 15.1% year-on-year, due to adjustments in unprofitable store scales and enhanced operational cost control[57] - Administrative expenses were approximately RMB 592 million, a decrease of about RMB 124 million or 17.3% year-on-year[58] Strategic Initiatives - The company implemented a "1+1+1" product incubation strategy, focusing on one strategic JBP product, one growing brand product, and one developing private label product to enhance core product competitiveness[91] - The company initiated a "Top 100 Products" cultivation plan in key regions to drive strategic implementation and enhance supply chain responsiveness[91] - The group implemented a marketing strategy focused on "100 billion traffic and gold medal breakout," achieving significant sales conversion through targeted consumer vouchers and themed marketing campaigns[93] - The group enhanced brand influence and user stickiness through a comprehensive marketing layout and regional precision operations, resulting in substantial growth in online business and order volume on major platforms like Meituan and Taobao[94] - The group established a systematic cost control framework, focusing on optimizing rental costs, which effectively reduced operational pressure and improved cost structure[95] Governance and Compliance - The company optimized its governance structure by abolishing the supervisory board, which is expected to reduce governance costs and improve governance efficiency[82] - The group will implement a series of strategic measures to ensure effective achievement of its strategic goals, including enhancing compliance management and risk control systems[113] - The company held its annual general meeting on June 19, 2025, where all ordinary and special resolutions were successfully passed[124] - The board of directors consists of executive directors Wang Xiaoyan and Zhang Huiqin, non-executive directors Pu Shaohua, Shen Chen, Cao Hailun, and Yang Qin, and independent non-executive directors Xia Dawei, Li Guoming, Chen Wei, and Zhao Xinseng[128] Market Challenges - The group faces operational risks due to intense competition in the retail sector and a slow recovery in consumer spending, impacting overall sales growth[100] - The group plans to enhance its differentiated product system and immersive experience to stabilize and expand its core customer base amid market challenges[101] - The group is adjusting its overall strategic planning to improve store quality, resulting in the closure of some locations and a decrease in overall sales scale[102]

Core Viewpoint - Lianhua Supermarket (00980.HK) will hold a board meeting on March 30, 2026, to discuss its annual performance for the year ending December 31, 2025, and related matters [1] Group 1 - The board meeting will consider and approve the annual performance of the company and its subsidiaries for the year ending December 31, 2025 [1] - The meeting will review the draft announcement of the annual performance to be published according to the Hong Kong Stock Exchange Listing Rules [1] - The board will discuss the profit distribution plan and the declaration, recommendation, or payment of the final dividend, if any [1] - Any other matters that may arise will also be addressed during the meeting [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就本公告 全部或任何部份內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：00980） 公告 董事會會議通告 聯華超市股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議 將於二零二六年三月三十日（星期一）上午九時三十分舉行，以討論下列事宜： 承董事會命 公司秘書 獨立非執行董事： 夏大慰、李國明、陳瑋及趙歆晟。 徐曉一 中華人民共和國，上海，二零二六年三月十六日 1 1. 以考慮及批准本公司及其附屬公司截至二零二五年十二月三十一日止年 度的年度業績； 2. 以考慮及批准根據《香港聯合交易所有限公司證券上市規則》將予刊登的 本公司及其附屬公司截至二零二五年十二月三十一日止年度的年度業績 公告的草擬稿； 3. 以考慮及批准本公司利潤分配方案，以及宣派、建議或派付本公司的末 期股息（如有）；及 4. 以處理任何其他事項（如有）。 於本公告日期，本公司的董事為： 執行董事： 王曉琰及張慧勤； 非執行董事： 濮韶 ...

Group 1 - The core point of the announcement is that Lianhua Supermarket reported a net loss attributable to shareholders of approximately RMB 359 million for the year ending December 31, 2024 [1] - The company expects a significant decrease in net loss attributable to shareholders for the year ending December 31, 2025, with a reduction estimated between 35% to 55% [1]

Core Viewpoint - The company, Lianhua Supermarket, anticipates a significant reduction in net losses for the fiscal year ending December 31, 2025, compared to the previous year, with a decrease expected between 35% to 55% [1]. Financial Performance - For the fiscal year ending December 31, 2024, the audited net loss attributable to shareholders is approximately RMB 359 million [1]. - For the nine months ending September 30, 2025, the unaudited revenue is about RMB 14.862 billion, reflecting a year-on-year decrease of 12.53% [1]. - The unaudited cost of goods sold for the same period is approximately RMB 12.26 billion, with a net loss attributable to shareholders of about RMB 107 million [1]. Strategic Adjustments - The expected decrease in net losses is attributed to the company's overall strategic planning adjustments, gains from the sale of subsidiary equity, and optimized resource allocation [1]. Historical Context - Lianhua Supermarket has not been profitable from 2015 to 2023, with a record high net loss of nearly RMB 800 million in 2023 [2]. - The gross profit margin reached a historical low of 11.49% in the first half of 2024 [2]. - By 2025, the company will have incurred losses for 11 consecutive years [2].

Core Viewpoint - Lianhua Supermarket (00980) expects a significant reduction in net loss attributable to shareholders for the fiscal year ending December 31, 2025, compared to the net loss for the fiscal year ending December 31, 2024, primarily due to strategic adjustments, sale of subsidiary equity, and resource optimization [1] Financial Performance - The company anticipates a net loss of approximately RMB 359 million for the fiscal year ending December 31, 2024 [1] - The expected reduction in net loss for the fiscal year ending December 31, 2025, is projected to be between 35% to 55% [1]

Core Viewpoint - Lianhua Supermarket (00980) expects a significant reduction in net loss attributable to shareholders for the year ending December 31, 2025, compared to the net loss for the year ending December 31, 2024, primarily due to strategic adjustments, sale of subsidiary equity, and optimized resource allocation [1] Financial Performance - The company anticipates a net loss of approximately RMB 359 million for the year ending December 31, 2024 [1] - The expected reduction in net loss for the year ending December 31, 2025, is projected to be between 35% to 55% [1]