Group 1 - The company, Baisheng Group (03368), announced a mid-term dividend of HKD 0.02 per share for the six months ending June 30, 2025, to be distributed on October 15, 2025 [1]

Core Insights - The company reported total operating revenue of RMB 1,962.8 million for the six months ending June 30, 2025, representing a 0.9% increase compared to RMB 1,944.7 million in the same period last year [1] - Same-store sales decreased by 18.4% during the reporting period [1] - The profit attributable to the owners of the company was RMB 22.5 million, a significant turnaround from a loss of RMB 18.6 million in the same period last year [1] - The company declared an interim dividend of RMB 0.02 per share [1]

EF001 免責聲明 | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | 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，概不對因 | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 百盛商業集團有限公司 | | 股份代號 | 03368 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年6月30日止6個月之中期股息 | | 公告日期 | 2025年8月21日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.02 RMB | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | HKD， 金額有待公佈 | | 匯率 | 有待公佈 | | 除淨日 | ...

Financial Performance - Total operating revenue for the six months ended June 30, 2025, was RMB 1,962.8 million, an increase of 0.9% compared to RMB 1,944.7 million in the same period last year[2] - Same-store sales decreased by 18.4% during the period[3] - Total sales revenue (including VAT) for the period was RMB 4,155.3 million, a year-on-year decrease of 11.5%[3] - Operating profit for the period was RMB 257.6 million, an increase of RMB 63.8 million compared to RMB 193.8 million in the same period last year[3] - Profit attributable to owners of the company was RMB 22.5 million, compared to a loss of RMB 18.6 million in the same period last year[3] - Total sales revenue for the six months ended June 30, 2025, was RMB 3,767,506 thousand, a decrease of 10.8% compared to RMB 4,222,156 thousand for the same period in 2024[13] - Self-operated sales amounted to RMB 884,586 thousand, down 11.1% from RMB 995,320 thousand in the previous year[14] - Total revenue from franchise sales commissions was RMB 293,836 thousand, a decrease of 15.4% from RMB 347,495 thousand in 2024[14] - Other operating income increased to RMB 347,087 thousand, up 54.3% from RMB 224,942 thousand in the previous year[16] - The company reported a pre-tax profit of RMB 22,468 thousand for the six months ended June 30, 2025, compared to a loss of RMB 18,641 thousand in the same period of 2024[27] - Total merchandise sales for the first half of 2025 amounted to RMB 2,983.1 million, a decrease of 17.6% compared to RMB 3,620.2 million in the same period of 2024[40] - The gross margin for merchandise sales increased from 13.2% in the first half of 2024 to 13.6% in the first half of 2025[41] - Operating income rose by 0.9% to RMB 1,962.8 million in the first half of 2025, compared to RMB 1,944.7 million in the same period of 2024[42] - The pre-tax profit for the first half of 2025 was RMB 60.2 million, compared to a pre-tax loss of RMB 17.8 million in the same period of 2024[51] Assets and Liabilities - Total assets as of June 30, 2025, were RMB 8,305.6 million, compared to RMB 8,500.3 million as of December 31, 2024[9] - Non-current assets amounted to RMB 8,305.6 million, with property, plant, and equipment valued at RMB 2,585.7 million[9] - Current liabilities totaled RMB 2,402.7 million, with trade payables at RMB 423.7 million[10] - The company reported a net asset value of RMB 3,139.9 million as of June 30, 2025, compared to RMB 3,087.1 million as of December 31, 2024[10] - As of June 30, 2025, accounts receivable amounted to RMB 1,151,638,000, with interest rates ranging from 6.6% to 16.0%[29] - The aging analysis of accounts payable shows a total of RMB 423,656,000 as of June 30, 2025, down from RMB 586,181,000 as of December 31, 2024[30] - As of June 30, 2025, the total debt to total assets ratio was 26.5%, up from 24.7% as of December 31, 2024[55] - As of June 30, 2025, the group has pledged trade receivables amounting to RMB 529.1 million, with net values of pledged buildings, investment properties, and leased land at approximately RMB 1,304.0 million, RMB 513.2 million, and RMB 299.2 million respectively, to secure general bank loans[58] - The group has also pledged uncollected receivables of RMB 132.5 million due within 48 months as collateral for general interest-bearing bank loans[58] Employee and Operational Costs - Total employee costs increased to RMB 252,821 thousand, up 5.5% from RMB 239,663 thousand in the previous year[19] - Employee costs increased by 5.5% to RMB 252.8 million in the first half of 2025, compared to RMB 239.7 million in the same period of 2024[44] - Other operating expenses rose by 15.4% to RMB 400.3 million in the first half of 2025, up from RMB 346.8 million in the first half of 2024[47] Strategic Initiatives - The company plans to open a shopping center in Mianyang, Sichuan Province, which will be its fifth store in the city, aiming to enhance customer shopping experiences[37] - The company is focused on operational enhancements to adapt to changing consumer preferences, including optimizing brand portfolios and creating experiential shopping environments[35] - The company is actively seeking strategic business expansion opportunities despite the complex economic environment, aiming to capture growth in existing regions[38] Governance and Compliance - The company has fully complied with the corporate governance code as stipulated in the Hong Kong Stock Exchange Listing Rules during the six months ended June 30, 2025[61] - The company has adopted the standard code for securities transactions by directors as per the Listing Rules, with all directors confirming compliance during the six months ended June 30, 2025[62] - An audit committee has been established to review financial reports, internal controls, and maintain appropriate relationships with external auditors, having reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2025[63] - The mid-term report for the six months ended June 30, 2025, will be published on the Stock Exchange and the company's website, containing all information required by the Listing Rules[64] Dividends - The company declared an interim dividend of RMB 0.02 per share[4] - The company will pay an interim dividend of RMB 0.02 per share, with payment scheduled for October 15, 2025[9] Impairment and Subsidies - The company recognized a net impairment loss of RMB 24,400 thousand related to goodwill, compared to RMB 8,258 thousand in the previous year[20] - The company received government subsidies amounting to RMB 3,135 thousand, significantly higher than RMB 1,555 thousand in the previous year, reflecting its contribution to the local economy[17]

Group 1 - The core point of the news is the termination of the long-term partnership between Baisheng Commercial and China Arts and Crafts Group, indicating a shift in the commercial landscape and urban renewal process in Beijing [1][3][4] - Baisheng Commercial will terminate leasing contracts for multiple floors and areas with a total area of approximately 17,240 square meters, with the termination date set for January 1 next year [3][4] - Baisheng Commercial is required to pay a penalty of 11.7012 million yuan to China Arts and Crafts Group, with additional penalties for late payment [3][4] Group 2 - The financial performance of Baisheng Group has been declining, with net profits dropping significantly from 2020 to 2024, except for a slight increase in 2023 [4] - The exit of Baisheng from the partnership reflects the challenges faced by traditional department stores in adapting to new retail trends and consumer preferences [6][8] - The transformation of old department stores in Beijing is part of a broader trend towards experiential retail, moving away from traditional sales models [8][9] Group 3 - China Arts and Crafts Group plans to upgrade the properties, focusing on cultural space innovation, asset value reconstruction, and IP ecosystem evolution [1][7] - The upcoming renovation of the China Arts and Crafts Building aims to position it as a cultural landmark along Chang'an Avenue, catering to high-net-worth individuals [7][10] - The urban renewal process in Beijing is evolving into a "cultural+" model, emphasizing the integration of culture and commerce [9][10]

Group 1 - The core point of the news is the termination of the long-term partnership between Baisheng Commercial and China Arts and Crafts Group, indicating a shift in commercial relationships and urban renewal processes towards a "cultural +" driven model [1][3][8] - Baisheng Commercial will terminate leasing contracts for multiple floors and areas with China Arts and Crafts Group, covering a total area of approximately 17,240 square meters, with the termination date set for January 1, 2026 [3][7] - Baisheng Commercial is required to pay a penalty of 11.7012 million yuan to China Arts and Crafts Group, with additional daily penalties for late payment [3][7] Group 2 - The performance of Baisheng Group has been declining, with net profits dropping significantly from 250 million yuan in 2020 to 175 million yuan in 2024, except for a slight increase in 2023 [7] - The exit of Baisheng from the market reflects a broader trend of traditional department stores struggling to adapt to new retail models and consumer preferences, leading to their decline [8][10] - The transformation of old department stores in Beijing is part of a larger urban renewal trend, with a focus on integrating cultural elements and modern leisure culture into commercial spaces [11][12] Group 3 - The upcoming renovation of the China Arts and Crafts Group building, set to start in 2026, aims to redefine its commercial value through cultural innovation and asset restructuring [9][13] - The urban renewal process is evolving into a "cultural operation +" model, emphasizing the monetization of cultural IP and the integration of culture with commerce [12][13] - The future of department stores is shifting from traditional sales models to experience-oriented spaces that offer unique consumer experiences and cultural engagement [10][13]

Group 1 - The core point of the article is that Baisheng Group (03368) has entered into a cooperation agreement for a 20-year commercial lease in Mianyang, Sichuan Province, which aligns with the company's strategic development plans in the region [1] - The leased property is located in the Mianyang Science and Technology City New District and is part of the Mianyang Gongcheng Talent Apartment Project [1] - The board believes that this lease will be a key driver for the company's business expansion in Mianyang, given the property's strategic location and the growing economic potential of the area [1] Group 2 - Baisheng Group primarily operates and manages department stores, shopping malls, outlet centers, and supermarket networks in China [1] - The property is situated in a vibrant commercial area, which is expected to enhance the company's long-term development prospects in Sichuan Province [1]

物业：中国四川省绵阳市绵阳科技城新区上马功成人才公寓项目第五层物业。 格隆汇8月20日丨百盛集团(03368.HK)公告，于2025年8月20日，租客（公司的间接全资附属公司）与业 主订立合作协议，据此，订约方已同意就物业租赁的条款，包括将物业用作为期20年的商业运营。 ...

Core Insights - The partnership between Baisheng Commercial and China Arts and Crafts Group has officially ended, with Baisheng terminating multiple lease contracts ahead of schedule [1][4] - Baisheng Commercial will pay a penalty of 11.7012 million yuan for the early termination of the lease, which involves approximately 17,240 square meters of property [4] - The termination of the lease is part of a broader trend of urban renewal in Beijing, focusing on "cultural+" as a core driver for development [1][12] Company Summary - Baisheng Commercial has faced declining performance, with net profits dropping from 250 million yuan in 2020 to 175 million yuan in 2024, with only a slight increase in 2023 [10] - The decision to terminate the lease may be a strategic move to reduce operational costs and optimize asset allocation amid ongoing financial pressures [10] - The closure of Baisheng's store in Beijing's Fuxingmen area is set for the end of this year, reflecting the company's struggle to adapt to changing retail dynamics [4][6] Industry Summary - The traditional department store model is undergoing significant transformation, with new retail formats and consumer experiences emerging to attract younger shoppers [11][13] - The shift from a product-centric to an experience-centric retail approach is essential for survival in the current market [13] - Urban renewal in Beijing is entering a "4.0 version," emphasizing cultural asset integration and the creation of multifunctional spaces that enhance both economic and social benefits [15][16]

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，概不對因本公告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 PARKSON RETAIL GROUP LIMITED 百盛商業集團有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：3368） 須予披露交易： 有關位於中國四川省綿陽市的物業租賃 合作協議 合作協議的主要條款概要及其他相關資料載列如下。 於二零二五年八月二十日，租客（本公司的間接全資附屬公司）與業主訂立 合作協議，據此，訂約方已同意就物業租賃（「租賃」）之條款，包括將物業用 作為期20年的商業運營。 上市規則的涵義 根據國際財務報告準則第16號，合作協議項下的租賃需要本集團確認物業 為使用權資產。故此，根據上市規則，訂立合作協議及其項下擬進行的交易 將被視為本集團收購資產。按照合作協議項下收購使用權資產的基準計算， 本集團根據國際財務報告準則第16號確認的金額約為人民幣14.3百萬元。 1 由於上市規則第14.07條項下本集團根據國際財務報告準則第16號就收購使 用權資產確認的代價的最高適 ...