"美国市场原本大约占我们业务的一半，另一半则是欧盟市场。尽管欧盟市场仍在运营，但未来充满不 确定性，因此我们非常希望有机会能够拓展内销市场。"舟山格林食品有限公司内销主管叶晓萦表 示，"让我们惊喜的是，从开始商谈到商品上架，仅用了三天时间，效率远超预期。" "我们非常重视帮助外贸企业解决困难。"朱敏介绍，从省商务厅会议到公司专题会议，再到与供应商对 接、选品、验厂，并与市场监管部门协同解决标签、准入等问题，我们仅用三天时间就完成常规需要大 概一个月的流程。目前，首批商品已配送至36家门店，下周将快速扩展至200家门店销售。 "这得益于我们第一时间成立的专班，"朱敏表示，联华超市专门成立涉及安全质量、采购、运营、法 务、财务等跨部门专项小组，简化审批流程，与政府部门建立直通渠道，实现问题即时解决。目前，42 家外贸企业正在洽谈中，2家已经入驻上架销售，预估下周7家将入驻售卖。下一步，"我们将引入更多 的优质外贸供应商，通过重点单品让消费者享受到更高品质的商品和服务。" "这个虾吃起来口感很特别，不像那种软绵绵的。相反，它吃上去很有嚼劲，而且味道非常鲜美。这和 我之前吃过的品种感觉完全不同。"正在选购的周阿姨赞不 ...

Company Overview - Lianhua Supermarket operates a total of 3,152 stores across 26 provinces and municipalities in China, maintaining its leading position in the fast-moving consumer goods retail sector[1]. - The total number of stores includes various formats, with significant contributions from regions like Shanghai (1,097 stores) and Zhejiang (491 stores)[2][3]. - The company was the first Chinese retail chain to be listed on the Hong Kong Stock Exchange on June 27, 2003[1]. - As of December 31, 2024, the group operates a total of 3,152 stores, a decrease of 204 stores compared to the end of 2023, with approximately 84.0% located in the Greater East China region[105]. Brand Development and Recognition - The company has expanded its retail formats to include large comprehensive supermarkets, hypermarkets, and convenience stores under various brands, including "Century Lianhua," "Lianhua Supermarket," and "Hualian Supermarket"[1]. - Lianhua Supermarket has been recognized as one of the "Outstanding Franchise Brands" by the China Chain Store & Franchise Association in recent years[1]. - The company has received accolades such as being named a "Demonstration Enterprise for Common Prosperity" by the Zhejiang Provincial Federation of Industry and Commerce[9]. - Lianhua Supermarket's self-developed beef brand "Baili Beef" won the 2024 German iF Design Award, showcasing its commitment to innovation and product development[13]. - Lianhua Supermarket's self-owned brands "800 Li Beef" and "Youxiang" were recognized as "Outstanding Private Brands" for 2024[25]. Financial Performance - The company's revenue for the fiscal year 2024 was approximately RMB 19.71 billion, a decrease of about RMB 2.13 billion or 9.7% compared to the previous year[63]. - Gross profit for the same period was approximately RMB 2.37 billion, down RMB 409 million or 14.7% year-on-year, with a gross margin of 12.03%, a decline of 0.71 percentage points from 12.74% in the previous year[64]. - The net loss attributable to shareholders was RMB 358.77 million, with a net loss margin of 1.82%[55]. - The group reported a cash flow deficit of RMB 825.91 million for the year[55]. - The group's other income and gains amounted to approximately RMB 636 million, an increase of about RMB 128 million, representing a growth of approximately 25.3% year-on-year[67]. Strategic Initiatives - The company is enhancing its supply chain and product strategy by developing key products, optimizing category structures, and improving fresh product capabilities to strengthen market competitiveness[39]. - The company is accelerating its digital transformation strategy, focusing on operational efficiency through digitalization, supply chain optimization, and integrated logistics systems[42]. - The company aims to enhance its core business by transforming large supermarkets into smaller, community-focused formats and upgrading product structures[100]. - The company is focusing on a dual strategy of restructuring and transformation to improve revenue while actively pursuing cost reduction and efficiency enhancement[36]. - The company plans to implement a "3+3" strategy in 2025, emphasizing strategic transformation, supply chain enhancement, and increased digital investment[44]. Store Operations and Changes - The company closed long-term loss-making outlets as part of a strategic adjustment, impacting overall sales scale[63]. - The company sold all equity of three subsidiaries, including Lianhua Supermarket (Jiangsu), for a total consideration of approximately RMB 146 million, with proceeds used to improve working capital[37]. - A total of 257 new stores were opened during the review period, with 168 located in the Yangtze River Delta, accounting for 65.4% of new openings[101]. - The company closed 461 stores, including 121 direct-operated stores and 340 franchise stores, to optimize store structure and improve cost efficiency[101]. - The group opened 231 new supermarket stores during the review period, including 80 direct-operated and 151 franchised stores, while closing 296 stores, resulting in a net decrease of 65 stores[104]. Digital Transformation and Innovation - The company is focusing on digital transformation, aiming to transition from "information-based" to "intelligent" supply chain systems[132]. - The group implemented a digital management platform to enhance operational efficiency and market competitiveness, transitioning from "channel addition" to "digital reconstruction"[110]. - The company has appointed a new Chief Information Officer to lead its digital initiatives and improve data management[192]. - The company is actively pursuing new product development and technological advancements to enhance operational efficiency[191]. Market Challenges and Outlook - The retail environment remains challenging, with intensified competition and changing consumer shopping habits affecting performance[63]. - The company anticipates ongoing challenges in the Chinese economy but remains optimistic about long-term growth trends and consumer behavior shifts towards more rational purchasing decisions[42]. - Emerging consumption trends such as health and wellness are expected to drive future growth opportunities in the retail sector[60]. - The retail industry is expected to experience a recovery opportunity driven by policy changes by 2025, with a focus on performance improvement and transformation of large supermarkets and hypermarkets[138]. Leadership and Governance - Mr. Zhu Dingping appointed as Executive Director and Deputy General Manager of the company starting January 7, 2025[166]. - Mr. Pu Shaohua serves as the President and Deputy Secretary of the Party Committee of Bailian Group, with extensive experience in the seafood and dairy industries[167]. - Ms. Hu Xiao has held various leadership roles at Alibaba Group, contributing to strategic investments and management[169]. - The management team is committed to maintaining a strong governance structure to support strategic decision-making and compliance[193]. Share Issuance and Capital Management - In 2024, the company issued 360 million new domestic shares to Bailian Group, raising approximately RMB 360 million to support business ecosystem transformation and enhance operational capital[36]. - The company plans to issue up to 360,000,000 new domestic shares at a subscription price of RMB 1.00 per share, representing a premium of approximately 249.37% over the H-share closing price of about HKD 0.315 on May 10, 2025[151]. - Approximately 85% of the net proceeds from the share issuance will be used for business ecosystem transformation, with about 39.2% and 35% allocated for supermarket and hypermarket store transformations respectively[153].

Financial Performance - The company's revenue for the year ending December 31, 2024, was approximately RMB 19.71 billion, a year-on-year decrease of about 9.7%[2] - Gross profit amounted to approximately RMB 2.37 billion, down approximately 14.7% year-on-year, with a gross margin of 12.03%, a decline of about 0.71 percentage points[2] - The total comprehensive income reached RMB 4.71 billion, a decrease of approximately 9.3% year-on-year, with a comprehensive income rate of 23.90%, an increase of about 0.12 percentage points[2] - The operating loss was approximately RMB 257 million, an increase in loss of about RMB 29 million year-on-year, while the annual loss attributable to shareholders was approximately RMB 359 million, a decrease in loss of about RMB 432 million year-on-year[2] - The group's total revenue for the year 2024 was RMB 20,970,516,000, a decrease of 10% from RMB 23,255,978,000 in 2023[16] - Sales of goods accounted for RMB 19,710,114,000, down from RMB 21,835,879,000 in the previous year, representing a decline of approximately 9.7%[16] - Revenue from services, including income from suppliers and franchise fees, totaled RMB 1,260,402,000, compared to RMB 1,420,099,000 in 2023, indicating a decrease of about 11.3%[16] - Total revenue for 2024 was RMB 21,411,964 thousand, a decrease of 10.3% from RMB 23,739,445 thousand in 2023[18] - Revenue from product sales was RMB 19,710,114 thousand, down 9.7% from RMB 21,835,879 thousand in the previous year[18] - Revenue from service contracts decreased to RMB 1,260,402 thousand, a decline of 11.3% compared to RMB 1,420,099 thousand in 2023[18] - Rental income from leased shops was RMB 441,448 thousand, down 8.7% from RMB 483,467 thousand in 2023[23] - The performance of the large-scale supermarket segment reported revenue of RMB 9,174,143 thousand, a decrease of 15.0% from RMB 10,777,339 thousand in 2023[27] - The supermarket segment generated revenue of RMB 10,705,355 thousand, down 4.7% from RMB 11,232,233 thousand in the previous year[27] - The convenience store segment's revenue fell to RMB 1,470,005 thousand, a decline of 10.3% from RMB 1,638,780 thousand in 2023[27] - The overall pre-tax loss for 2024 was RMB 251,070 thousand, an improvement from a loss of RMB 589,389 thousand in 2023[27] - The company reported a net loss of RMB 358,765,000 attributable to shareholders in 2024, an improvement from a net loss of RMB 791,317,000 in 2023[39] - The basic loss per share was RMB 0.32, compared to RMB 0.71 in the previous year[3] - The gross profit for the same period was approximately RMB 2.37 billion, down by about RMB 409 million or 14.7% year-on-year, resulting in a gross margin of 12.03%, a decline of 0.71 percentage points from the previous year[53] - Other income for the period was approximately RMB 1.70 billion, a decrease of about RMB 202 million or 10.6% year-on-year, primarily due to a reduction in income from suppliers[54] Store Operations - The company opened 257 new stores during the review period, bringing the total number of stores to 3,152[2] - The company closed 461 stores during the review period, including 121 direct-operated stores and 340 franchise stores, while opening 257 new stores, resulting in a net decrease of 204 stores[82][85] - The company has a total of 3,152 stores as of December 31, 2024, with 84.0% located in the Greater East China region[86] - The supermarket segment opened 231 new stores and closed 296, with a focus on differentiated operations to match consumer trends[85] Financial Position - Non-current assets totaled RMB 11.38 billion, down from RMB 13.39 billion in the previous year[4] - Current assets amounted to RMB 7.92 billion, an increase from RMB 7.60 billion year-on-year[5] - Total liabilities decreased to RMB 19.59 billion from RMB 20.54 billion in the previous year[6] - The group's net current liabilities as of December 31, 2024, were RMB 7,454,930,000, down from RMB 8,505,312,000 in 2023, reflecting a reduction of approximately 12.3%[doc id='7'] - The group has reduced its non-current unrestricted deposits available for withdrawal to RMB 1,690,000,000 from RMB 2,955,015,000 in the previous year, a decrease of about 42.9%[doc id='7'] - Total assets decreased to RMB 19,662,370 thousand in 2024 from RMB 20,989,143 thousand in 2023, reflecting a decline of 6.3%[30] - As of December 31, 2024, accounts payable amounted to RMB 2.77 billion, a decrease from RMB 2.95 billion in the previous year[47] Cost Management - Distribution costs and administrative expenses were approximately RMB 4.71 billion, a decrease of about RMB 362 million or 7.1% year-on-year[2] - Distribution and selling costs were approximately RMB 3.99 billion, a decrease of about RMB 296 million or 6.9% year-on-year, due to enhanced budget management and cost control measures[56] - Administrative expenses were approximately RMB 717 million, down by about RMB 66 million or 8.4% year-on-year[57] - The total employee costs amounted to RMB 1,935,739,000 in 2024, down from RMB 2,171,162,000 in 2023, showing a decrease of about 10.8%[36] Strategic Initiatives - The company plans to enhance its core business by focusing on community-based and small-scale operations, with 5 new large-scale supermarkets opened and 16 closed during the review period[84] - The company aims to improve its supply chain and product competitiveness through deep reforms and continuous innovation[82] - The company has implemented a strategic upgrade in the supermarket segment, establishing a three-tier operational matrix to better serve community needs[85] - The company achieved significant progress in supply chain optimization, reducing inefficient inventory rates and significantly shortening inventory turnover days[89] - The company is committed to enhancing profitability while restructuring and reducing costs through strategic focus on various operational areas[95] - The company initiated a "reform and restructuring" strategic transformation project, focusing on "restructuring + transformation" as a dual-driven strategy[96] - The company is exploring new business models such as live commerce and health economy to improve product reach and efficiency[107] - The company aims to optimize its organizational structure and improve employee incentives to address challenges related to talent shortages and low overall employee income[99] Compliance and Governance - The board of directors has proposed not to distribute a final dividend for the year ending December 31, 2024[109] - The audit committee has reviewed the annual performance for 2024 and confirmed that the results are prepared in accordance with applicable accounting standards and regulations[110] - Deloitte has verified the consolidated financial statements for the year ending December 31, 2024, but does not provide any guarantees regarding the announcement[111] - The company has adopted the Securities Trading Standard Code for all directors and supervisors, ensuring compliance during the review period[112] - The company confirms compliance with the Corporate Governance Code, except for certain deviations regarding the rotation of directors[113] - The company held multiple board meetings and shareholder meetings throughout 2024, with some non-executive directors absent due to other commitments[115][116][118] Related Party Transactions - The company has established a business contract review mechanism to ensure that service terms and prices are in line with market standards[127] - The company will conduct at least two regular reviews annually to assess whether related party transactions are conducted according to the entrusted management agreement and pricing policies[134] - The external auditor will perform an annual audit of the pricing policy and annual caps for related party transactions[136] - Independent non-executive directors will review the implementation and execution of related party transactions annually[136]

Financial Performance - For the first half of 2024, the company's revenue was approximately RMB 10.897 billion, a decrease of about RMB 875 million, representing a decline of approximately 7.4%[9] - The gross profit for the period was approximately RMB 1.252 billion, down by about RMB 235 million, which is a year-on-year decrease of approximately 15.8%[10] - The overall gross margin was approximately 11.49%, a decrease of about 1.14 percentage points compared to the same period last year[10] - Other income for the period was approximately RMB 902 million, a decrease of about RMB 138 million, representing a decline of approximately 13.3%[11] - Other income and gains amounted to approximately RMB 283 million, an increase of about RMB 26 million, which is a rise of approximately 10.1%[12] - The group's pre-tax profit was approximately RMB 18 million, an increase of about RMB 8 million year-on-year[17] - The net loss attributable to shareholders was approximately RMB 55 million, a year-on-year reduction of about RMB 62 million, with a net loss margin of approximately 0.50%, down 0.49 percentage points year-on-year[19] Segment Performance - The supermarket segment recorded revenue of approximately RMB 5.60 billion, a year-on-year decrease of about RMB 99 million, representing a decline of 15.1%[24] - The hypermarket segment's revenue was approximately RMB 4.724 billion, a year-on-year decrease of about RMB 527 million, down 10.0%[21] - The convenience store segment reported revenue of approximately RMB 765 million, a year-on-year decrease of about RMB 58 million, down approximately 7.1%[26] Cash and Assets - As of June 30, 2024, the group's cash and bank balances were approximately RMB 7.392 billion, with a net decrease of about RMB 264 million during the period[20] - Total assets as of June 30, 2024, amounted to RMB 20,002,829 thousand, a decrease from RMB 20,989,143 thousand at the end of 2023[73] - Non-current assets decreased to RMB 11,959,729 thousand from RMB 13,386,445 thousand, primarily due to reductions in property, plant, and equipment[73] - Current assets totaled RMB 8,043,100 thousand, an increase from RMB 7,602,698 thousand, driven by higher cash and cash equivalents[73] - The company’s cash and cash equivalents were RMB 2,373,477 thousand, slightly down from RMB 2,447,620 thousand[73] Cost Management - The group's distribution and selling costs amounted to approximately RMB 1.973 billion, a year-on-year decrease of about RMB 208 million, representing a reduction of approximately 9.5%[13] - Administrative expenses for the group were approximately RMB 324 million, a year-on-year decrease of about RMB 74 million, down approximately 18.5%[14] Strategic Initiatives - The company is actively closing loss-making outlets as part of its strategic adjustments, impacting overall sales volume[9] - The company is focusing on the "silver economy" by launching the "Touch-Care" service brand, integrating community services and elderly care into its daily operations[38] - The company has implemented a marketing strategy that includes seasonal promotions and a membership program, successfully enhancing brand loyalty and increasing sales through various marketing channels[39] - The company has optimized its logistics processes to enhance efficiency and reduce operational costs, implementing standardized operating procedures to minimize losses in cold chain logistics[40] - The company is advancing its transformation strategy towards smaller, community-oriented supermarkets, focusing on fresh and ambient products to enhance the shopping experience[35] Store Operations - The company opened a total of 123 new stores in the first half of 2024, including 41 directly operated stores and 82 franchise stores, with 79 of these new stores located in the Yangtze River Delta region, accounting for 64% of the total[35] - The total number of stores as of June 30, 2024, reached 3,343, with approximately 84% of these stores located in the East China region[36] - The company closed a total of 136 stores during the review period, including 45 directly operated stores and 91 franchise stores, to improve overall network quality[35] Shareholder Information - As of June 30, 2024, Bailian Group holds approximately 25.87% of the company's shares, indicating significant ownership influence[49] - Alibaba Group holds approximately 18.00% of the company's shares, reflecting its strategic interest in the company[49] - The company has conditionally agreed to issue up to 360,000,000 new domestic shares at a subscription price of RMB 1.00 per share, with Baillie Group agreeing to subscribe for these shares[51] Governance and Compliance - The company held its eighth board meeting on May 11, 2024, confirming compliance with the corporate governance code, except for certain deviations noted[64] - The company convened its annual general meeting on June 20, 2024, where several resolutions were passed successfully[66] - The company reported that its financial statements for the six months ending June 30, 2024, were reviewed and found to comply with Hong Kong Accounting Standards[70] - The company’s governance practices are under continuous review to ensure alignment with regulatory requirements[64] Future Outlook - The group plans to respond to China's economic policies aimed at boosting domestic consumption, which is expected to create new growth opportunities in the retail sector[44] - In the second half of 2024, the group will focus on enhancing core capabilities and optimizing supply chains to improve revenue generation[45] - The group aims to accelerate the transformation of its business model and enhance logistics efficiency through digital system construction and talent development[45]

Revenue Performance - Revenue for the six months ended June 30, 2024, was RMB 10.90 billion, a decrease of approximately 7.4% year-on-year[1] - For the six months ended June 30, 2024, the total revenue was RMB 11,798,972,000, a decrease of 7.9% compared to RMB 12,812,422,000 for the same period in 2023[10] - The revenue from merchandise sales was RMB 10,896,547,000, down 7.4% from RMB 11,771,962,000 in the previous year[10] - The revenue from large-scale supermarkets was RMB 5,220,509,000, a decrease of 11.1% from RMB 5,873,177,000 in the previous year[13] - The revenue from convenience stores was RMB 785,340,000, down 7.9% from RMB 852,375,000 in the prior year[13] - The revenue from large-scale supermarkets was approximately RMB 4.724 billion, a year-on-year decrease of about 10.0%[48] - The revenue from supermarkets was approximately RMB 5.372 billion, a year-on-year decrease of about 4.9%[51] Profitability - Gross profit was approximately RMB 1.25 billion, a decrease of RMB 235 million, with a gross margin of 11.49%[2] - The operating profit for the six months was RMB 106,849,000, a decrease of 39.7% compared to RMB 177,293,000 in the same period last year[14] - The company reported a pre-tax profit of RMB 17,522,000 for the six months ended June 30, 2024, compared to RMB 9,191,000 in the same period of 2023[14] - The net loss attributable to shareholders was approximately RMB 55 million, an improvement of RMB 62 million year-on-year[2] - The loss attributable to the company's shareholders was approximately RMB 0.55 million, a reduction in losses of about RMB 0.62 million year-on-year, with a net loss margin of approximately 0.50%[45] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 20.00 billion, down from RMB 20.99 billion as of December 31, 2023[3] - Non-current assets decreased to RMB 11.96 billion from RMB 13.39 billion[3] - Current assets included cash and cash equivalents of RMB 2.37 billion, down from RMB 2.45 billion[3] - Total liabilities decreased to RMB 19.59 billion from RMB 20.54 billion[4] - The net current liabilities as of June 30, 2024, were RMB 7,349,767,000, down from RMB 8,505,312,000 as of December 31, 2023[10] - Accounts payable decreased to RMB 2.885 billion as of June 30, 2024, from RMB 2.952 billion as of December 31, 2023[30] Store Operations - The company opened 123 new stores during the review period, bringing the total number of stores to 3,343[1] - The company closed 136 stores during the same period, comprising 45 direct-operated and 91 franchise stores[61] - As of June 30, 2024, the company operated a total of 3,343 stores, with approximately 84% located in the East China region[62] Cost Management - Total operating expenses increased to RMB 15,999,000 from RMB 1,557,000, showing a significant rise[18] - Distribution and selling costs were approximately RMB 1.973 billion, down RMB 208 million or 9.5% year-on-year, accounting for 18.11% of revenue, a decrease of 0.42 percentage points[39] - Administrative expenses were approximately RMB 324 million, a decrease of RMB 74 million or 18.5% year-on-year, representing 2.97% of revenue, down 0.40 percentage points[40] - Interest expense on lease liabilities decreased to RMB 94,010,000 from RMB 111,559,000, a reduction of approximately 15.8%[19] Strategic Initiatives - The company is undergoing strategic adjustments, including the closure of loss-making outlets, which has impacted overall sales performance[35] - The company emphasized the development of its private label products, launching a project for 100 low-priced promotional items to enhance market competitiveness[63] - The company initiated a strategic layout for the "silver economy," focusing on community-based services for elderly consumers[64] - The company implemented a marketing strategy around key events, successfully launching a membership program that increased brand loyalty[65] - The company optimized logistics processes to reduce operational costs and enhance profitability, implementing standardized procedures to improve cold chain logistics efficiency[66] - The company launched digitalization projects aimed at enhancing both online and offline consumer experiences, with four major digital initiatives already piloted[67] Human Resources - As of June 30, 2024, the company employed 23,415 staff members, with total labor costs amounting to approximately RMB 974.99 million[68] - The company focused on organizational efficiency by streamlining its structure and optimizing labor costs, enhancing the performance of frontline employees[68] - The company has committed to enhancing talent acquisition and training, establishing a recruitment platform to balance human resource allocation across subsidiaries[69] Compliance and Governance - The company has adopted revised Hong Kong Financial Reporting Standards, which will not have a significant impact on the financial statements[8] - The audit committee has reviewed the accounting principles adopted by the group and found no disagreements with the management[76] - The company has adopted the Securities Trading Standard Code, ensuring compliance by all directors and relevant employees during the review period[77] - The company confirmed compliance with the Corporate Governance Code, with minor deviations noted regarding the rotation of directors and attendance at board meetings[78][79] Future Outlook - In the second half of 2024, the company plans to respond to China's economic policies aimed at boosting domestic consumption, which is expected to create new growth opportunities in the retail sector[70] - The company aims to deepen overall business reforms, focusing on core capabilities and enhancing revenue-generating capabilities through channel expansion and supply chain optimization[71] - The company will issue up to 360 million new domestic shares at a subscription price of RMB 1.00 per share, providing strong financial support for business transformation[73]

Company Operations and Market Presence - Lianhua Supermarket operates a total of 3,356 stores across 27 provinces and municipalities in China, maintaining its leading position in the fast-moving consumer goods retail sector [4]. - The company has expanded its retail formats to include large supermarkets, hypermarkets, and convenience stores, catering to diverse consumer needs [2]. - Lianhua Supermarket has been recognized as one of the "Outstanding Franchise Brands" by the China Chain Store & Franchise Association for several consecutive years [2]. - The company is actively developing rural markets, having opened new stores in rural areas of Chongming District, Shanghai, to meet local consumer needs [17]. - Lianhua Supermarket's total number of stores includes various formats, with significant presence in Shanghai, Jiangsu, and Zhejiang provinces [3]. - The company opened 337 new stores while closing 333 stores, indicating a cautious approach to store management amidst market changes [90]. - The supermarket segment, as the core development model, opened 299 new stores (93 direct-operated and 206 franchised) while closing 213 stores (39 direct-operated and 174 franchised), achieving a net increase of 86 stores [93][95]. - The convenience store segment opened 36 new stores (12 direct-operated and 24 franchised) but closed 104 stores (21 direct-operated and 83 franchised), resulting in a net decrease of 68 stores [95]. - As of the end of 2023, approximately 84.06% of the company's stores are located in the Greater East China region [94]. Financial Performance - In 2023, the company's revenue was RMB 21,835,879 thousand, a decrease of 11.5% compared to RMB 24,681,396 thousand in 2022 [48]. - The gross profit for 2023 was RMB 2,781,072 thousand, with a gross margin of 12.74%, down from 13.70% in 2022 [48]. - The company reported a net loss attributable to shareholders of RMB 791,317 thousand in 2023, compared to a loss of RMB 206,527 thousand in 2022, reflecting a significant increase in losses [48]. - The total assets of the company were RMB 20,989,143 thousand in 2023, a decrease from RMB 22,988,706 thousand in 2022 [51]. - The company reported a cash flow deficit of RMB 751,325 thousand in 2023, compared to a positive cash flow of RMB 1,005,489 thousand in 2022 [51]. - The average net asset loss rate was (169.16%) in 2023, indicating a significant decline in financial health compared to previous years [51]. - The company reported a pre-tax loss of approximately RMB 589 million, an increase in loss of about RMB 566 million year-on-year [64]. - The group reported a net loss attributable to shareholders of approximately RMB 791 million, compared to a loss of RMB 207 million in the previous year, representing an increase in loss of 283.2% [80]. Online Sales and E-commerce - Lianhua Supermarket achieved a two-digit growth in online sales, continuing to enhance its home delivery business and optimize post-sale processes [38]. - Online sales showed stable growth, increasing by 12% year-on-year [54]. - Online sales experienced double-digit growth, driven by enhanced online traffic conversion, improved product offerings, and optimized user experience [97][98]. - The company plans to enhance its e-commerce platform, expecting a 50% increase in online sales by the end of 2023 [150]. Community Engagement and Social Responsibility - Lianhua Supermarket has committed to providing 100,000 yuan annually to support local community projects in Yunnan Province [17]. - The company has established four essential goods reserve warehouses in Liuzhou City to ensure the supply of daily necessities [17]. - The company received the "2023 Outstanding Contribution Award" from the Food Safety Industry Association in Liuzhou [32]. - The total charitable donations made by the company during the fiscal year amounted to RMB 316,165 [186]. Strategic Initiatives and Future Outlook - The company aims to focus on health, cost-effectiveness, and product differentiation as key consumer decision factors in 2024 [44]. - The company will focus on high-quality development in 2024, leveraging market opportunities and emphasizing sustainable business practices [126]. - The company plans to explore new business opportunities to supplement and enhance its existing operations amid a challenging environment [128]. - The company aims to enhance revenue and reduce costs through six key initiatives, including supply chain optimization and digital efficiency improvements [125]. - The management team emphasized a commitment to sustainability, with plans to reduce carbon emissions by 20% by 2025 [150]. Management and Governance - The company has a strong management team with extensive experience in retail and strategic investment, including members from Alibaba Group and other notable firms [140][142][144]. - The board of directors includes experienced professionals with backgrounds in finance, economics, and retail management, ensuring strategic oversight [140][144]. - The company has maintained a strong governance structure with no reported interests or short positions held by directors or executives [198]. Supply Chain and Product Development - The company is developing its private label products, focusing on quality and health, and has introduced new self-owned brands to meet consumer demand [101]. - Supply chain optimization efforts include the replacement of inefficient suppliers and the introduction of new brands, enhancing competitive advantages and reducing procurement costs [102]. - The group aims to enhance supply chain quality and focus on developing private labels to improve competitiveness in the fresh goods sector [111]. Employee and Labor Management - The group has 25,735 employees as of December 31, 2023, with total labor costs approximately RMB 2,171.16 million [105]. - The group has implemented a core position contract system and dynamic personnel adjustments to improve operational efficiency and reduce labor costs [105]. - The group is focusing on talent acquisition and training, creating a shared platform for internal resource allocation to balance human resource gaps [107]. Market Expansion and Strategic Acquisitions - The company is actively exploring new market opportunities to diversify its revenue streams and reduce dependency on traditional retail channels [145]. - The company is considering strategic acquisitions to enhance its supply chain efficiency, with a budget of 2 billion RMB for potential deals [159]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025 [150].

Financial Performance - The group reported a net loss attributable to shareholders of approximately RMB 791 million, an increase in loss of approximately RMB 585 million year-on-year, with a net loss margin of approximately 3.62%, up 2.78 percentage points year-on-year [9]. - The total revenue for the year was RMB 21.836 billion, a decrease of 11.5% compared to RMB 24.681 billion in the previous year [39]. - The total comprehensive loss attributable to the company's shareholders for 2023 was RMB 791,317, compared to RMB 206,527 in 2022, representing an increase of 282.5% [47]. - The company reported a pre-tax loss of RMB 589,389 in 2023, compared to a pre-tax loss of RMB 23,572 in 2022, indicating a significant increase in losses [47]. - The net loss attributable to shareholders was RMB 791 million, an increase of 283.2% compared to RMB 207 million in the previous year [39]. - The operating loss was approximately RMB 228 million, with a loss attributable to shareholders of approximately RMB 791 million, resulting in a basic loss per share of RMB 0.71 [62]. - Basic loss per share for 2023 was RMB 0.71, compared to RMB 0.18 in 2022, indicating a worsening of the company's financial performance [47]. - The company reported a net loss attributable to shareholders for 2023 was RMB 791,317,000, compared to a loss of RMB 206,527,000 in 2022 [145]. Revenue and Segments - The supermarket segment recorded revenue of approximately RMB 10.514 billion, a year-on-year decrease of approximately RMB 177 million, accounting for about 48.2% of the group's total revenue [17]. - The convenience store segment achieved revenue of approximately RMB 1.587 billion, a year-on-year increase of approximately RMB 91 million, representing a growth of about 6.0% [21]. - The total revenue for the year 2023 was RMB 23,255,978 thousand, a decrease of 11.6% from RMB 26,301,850 thousand in 2022 [101]. - Revenue from the hypermarket segment fell to RMB 10,777,339,000 in 2023 from RMB 13,650,205,000 in 2022, a decrease of 21.5% [131]. - The total income from leasing activities amounted to RMB 483,467 thousand in 2023, up from RMB 438,257 thousand in 2022, representing an increase of 10.3% [89]. Store Operations - The total number of stores as of December 31, 2023, was 3,356, with a net increase of 4 stores compared to the end of 2022, and approximately 84.06% of the stores located in the Greater East China region [5]. - The group opened 337 new stores, including 107 direct-operated stores and 230 franchise stores, while closing 333 stores [32]. - The group opened 36 new convenience stores during the reporting period, including 12 directly operated and 24 franchised stores, while closing 104 stores [5]. - The total number of stores reached 3,356, with 337 new stores opened during the review period, including 2 large comprehensive supermarkets and 299 supermarkets [62]. Costs and Expenses - Distribution and selling costs and administrative expenses were approximately RMB 5.069 billion, a decrease of about RMB 435 million or 7.9% year-on-year [62]. - Total employee costs decreased to RMB 2,171,162,000 in 2023 from RMB 2,347,317,000 in 2022, a reduction of 7.5% [120]. - The distribution and sales costs decreased to approximately RMB 4.287 billion, down by about RMB 429 million or 9.1% compared to the previous year [159]. Assets and Liabilities - The company's net current liabilities increased to RMB 8,505,312, up from RMB 6,555,008 in 2022, indicating a rise in financial obligations [52]. - The total assets amounted to RMB 20.989 billion, down from RMB 22.989 billion in the previous year [65]. - The total liabilities were RMB 20.541 billion, compared to RMB 21.742 billion in the previous year [66]. - The company's cash and cash equivalents increased to RMB 1.35 billion in 2023, up from RMB 600 million in 2022, reflecting improved liquidity [151]. Joint Ventures and Other Income - The group reported a share of losses from joint ventures amounting to approximately RMB 361 million, an increase of RMB 250 million year-on-year [27]. - The company's share of losses from joint ventures was RMB (361,398) thousand in 2023, compared to RMB (111,526) thousand in 2022, indicating a substantial increase in losses from joint ventures [89]. - The total revenue from other income and gains was approximately RMB 508 million, reflecting a year-on-year increase of about RMB 37 million or 7.8% [158]. Strategic Initiatives - The group is focusing on community integration and enhancing store capabilities to improve customer attraction and operational efficiency [44]. - The group actively expanded its online sales strategies, achieving double-digit growth through enhanced user experience and product offerings [174]. - The group has initiated comprehensive digital transformation projects, significantly optimizing operational models and improving data accuracy and traceability [179]. - The group plans to focus on high-quality development in 2024, aiming to deepen reform and innovation to drive sustainable business growth [198]. Economic Environment - The overall economic environment in China showed resilience, with GDP growth of 5.2% in 2023, which may positively impact the company's future performance [152]. - The overall retail sales in the offline market decreased by 3.6% year-on-year, reflecting a cautious consumer spending trend [170].

目錄 | 公司資料 | 2 | | --- | --- | | 管理層討論與分析 | 4 | | 其他資料 | 16 | | 簡明綜合財務報表審閱報告 | 20 | | 簡明綜合損益及其他綜合收益表 | 21 | | 簡明綜合財務狀況表 | 22 | | 簡明綜合權益變動表 | 24 | | 簡明綜合現金流量表 | 25 | | 簡明綜合財務報表附註 | 26 | 1 聯華超市股份有限公司 目錄 公司資料 董事 執行董事 種曉兵先生 非執行董事 濮韶華先生 （董事長） 史小龍先生 （副董事長） 徐潘華先生（已於二零二三年六月十五日退任） 胡曉女士 張申羽女士 董小春先生 王德雄先生 獨立非執行董事 夏大慰先生 李國明先生 陳瑋先生 趙歆晟先生 董事會轄下委員會 審核委員會 李國明先生 （主席） 夏大慰先生 趙歆晟先生 董小春先生 薪酬與考核委員會 聯席公司秘書 徐曉一女士 梁瑞冰女士（已於二零二三年七月二日辭任） 夏大慰先生 （主席） 史小龍先生 陳瑋先生 趙歆晟先生 戰略委員會 濮韶華先生 （主席） 史小龍先生 徐潘華先生（已於二零二三年六月十五日退任） 胡曉女士 種曉兵先生 張申羽女士 提名委員會 濮韶華 ...

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） 00980 （股份代號： ） 公佈截至二零二三年六月三十日止半年度業績 財務摘要 截至二零二三年六月三十日止，本集團： • 117.72 13.3% 12.2% 營業額達人民幣 億元，同比下降約 ，同店銷售同比下降約 。 26.5% 1.8% 其中大型綜合超市業態下降約 ，超級市場業態增長約 ，便利店業態 16.7% 增長約 。 • 14.87 17.3% 12.63% 毛利額約為人民幣 億元，同比下降約 ，毛利率約 。綜合收益 23.65% 1.37 率約 ，同比增加約 個百分點。 • 0.85 0.72% 0.41 經營盈利約為人民幣 億元，經營利潤率約為 ，同比下降約 個百 1.16 分點。歸屬於本公司的股東應佔虧損約為人民幣 億元。每股基本虧損人 0.10 民幣 元。 ...

聯華超市股份有限公司（「聯華超市」或「本公 司」）於一九九一年起在上海市開展業務，於 過去的三十一年間，以直接經營、加盟經營 和併購方式發展成為一家具備全國網點佈 局、業態最齊全的連鎖零售超市公司。於二 零二二年十二月三十一日，聯華超市及其附 屬公司（「本集團」）的總門店數目已經達到 3,352家（不包括本公司聯營公司經營的門 店），遍佈全國24個省份及直轄市，繼續保持 在中華人民共和國（「中國」）快速消費品連鎖 零售行業的領先地位。聯華超市於二零零三 年六月二十七日在香港聯合交易所有限公司 （「聯交所」）上市，是首家於聯交所上市的中 國零售連鎖超市公司。 本集團經營大型綜合超市、超級市場及便利 店三大主要零售業態，照顧了廣大消費者的 不同需要，三大業態分別透過「世紀聯華」、 「聯華超市」、「華聯超市」、「聯華快客」品牌 不斷擴張。近年來，「聯華超市」、「華聯超市」 和「聯華快客」連續獲得中國連鎖經營協會特 許委員會評定的「中國優秀特許品牌」之一。 安徽省 10 58 0 江蘇省 17 158 3 河北省 0 1 2 黑龍江省 1 0 0 北京市 1 1 23 雲南省 0 7 0 上海市 29 1,269 5 ...