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1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: | 高鑫零售有限公司 | | | 呈交日期: | 2026年2月4日 | | | I. 法定/註冊股本變動 | 不適用 | | FF301 第 1 頁 共 10 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 證券代號 (如上市) 06808 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 9,540,504,700 0 9,540,504,700 增加 / 減少 (-) 0 0 本月底結存 9,540,504,700 0 9,540,504,700 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D(1 ...

Core Viewpoint - The acquisition of Gao Xin Retail by Dehong Capital marks a significant investment, with a total amount exceeding 13 billion HKD, and has led to comprehensive reforms within the company, including key personnel changes and a shift in operational strategy [1][8]. Group 1: Acquisition Details - Dehong Capital completed the acquisition of Gao Xin Retail, the parent company of the supermarket chain RT-Mart, in February 2025, representing the largest investment since the firm's establishment [1]. - The acquisition involved purchasing 78.7% of Gao Xin Retail's shares from Alibaba for approximately 13.14 billion HKD, with a per-share cost of about 1.75 HKD [8]. Group 2: Management Changes - Following the acquisition, Dehong Capital appointed its co-founder and CEO, Hua Yuning, as the chairman of Gao Xin Retail, while the newly appointed CEO, Li Weiping, became the sole executive director responsible for daily operations [1][4]. - Li Weiping went missing just two months after taking office, leading to concerns about the company's leadership and operational continuity [2][4]. Group 3: Operational Strategy - Dehong Capital has initiated a shift in Gao Xin Retail's operational focus from "scale expansion" to "quality enhancement," with plans to invest resources in the renovation of 500 stores over the next three years [8][9]. - The company aims to transform its stores into community life centers, reducing store sizes to between 6,000 and 7,500 square meters and streamlining the product range to approximately 15,000 SKUs [9]. Group 4: Market Response - Despite the leadership crisis following Li Weiping's disappearance, Gao Xin Retail's stock price saw an increase, indicating market confidence or speculation regarding the company's future [5].

知名超市大润发突发，上任仅2个月的母公司CEO失联。 2月4日，大润发母公司高鑫零售突然在港交所发布公告称，公司暂时无法与执行董事兼首席执行官李卫平 取得联系。在公告中，高鑫零售有意强调公司董事确信该事项与集团之业务及营运并无关联。在李卫平失 联之后，高鑫零售的日常业务营运及管理将由董事会主席华裕能暂时负责。 零售老将李卫平 此前陷入失联疑云 值得注意的是，高鑫零售此番公告与昨日的公关口径大相径庭，2月3日，零售媒体联商网报道，大润发母 公司高鑫零售CEO李卫平被警方带走协助调查，该报道引用的知情人士表示，从上周五开始至今未看到李 卫平出现在公司，不过相关具体事项尚待进一步调查核实。随后，高鑫零售在回应媒体时表示"假的，在报 警了"。 但仅仅过了一晚，高鑫零售便一百八十度转折，将李卫平失联的消息公之于众，甚至在公告中还颇有切割 意味的强调与公司业务并无关联。 目前，此番李卫平失联具体原因尚不明确，这距离其从阿里系盒马转投高鑫零售仅过了2个月时间。 2025年11月30日，高鑫零售发布公告，沈辉因家庭事务原因辞任高鑫零售执行董事、首席执行官职务，李 卫平接替沈辉担任高鑫零售执行董事兼首席执行官。根据公告显示，李 ...

Group 1 - The core issue is that Gao Xin Retail, the parent company of RT-Mart, announced on February 4 that it has temporarily lost contact with CEO Li Weiping, who has only been in the position for two months since joining on December 1, 2025 [2][3] - There are rumors that Li Weiping was taken by the police for investigation, which the company denied, stating that the information is false and that Li is currently at work [3] - Li Weiping has a three-year service agreement with Gao Xin Retail, with a fixed annual salary of 3.36 million yuan, and is entitled to annual management bonuses based on company performance and personal achievements [5] Group 2 - Gao Xin Retail operates under the brands "RT-Mart," "RT-Mart Super," and "M Membership Store," managing large supermarkets, medium-sized supermarkets, and membership store businesses [5] - As of September 30, 2025, the group has 462 large supermarkets, 32 medium-sized supermarkets, and 7 membership stores across 205 cities in 29 provinces and autonomous regions [5] - On February 3, 2025, Gao Xin Retail's stock price was reported at 1.6 HKD per share, reflecting a 3.23% increase [6]

Core Viewpoint - The sudden disappearance of CEO Li Weiping has raised concerns about the management stability of Gao Xin Retail, reflecting a complex market sentiment where investors are both worried about leadership turmoil and hopeful for potential changes in management [2][8]. Group 1: Management Changes - Li Weiping's tenure as CEO lasted only two months, highlighting a troubling trend of short-lived executives at Gao Xin Retail, which has seen frequent changes in its leadership [3][5]. - The company has experienced a series of high-profile executive departures, including previous CEOs who left for various reasons, contributing to a lack of consistent strategic execution [5][6]. Group 2: Financial Performance - Gao Xin Retail reported a revenue of 30.502 billion RMB for the six months ending September 30, 2025, a decrease of 12.1% year-on-year, and a net loss of 1.27 billion RMB, indicating a significant decline in profitability [8][9]. - The company's gross profit also fell by 9.5% to 7.719 billion RMB, and operating profit decreased by 56.4% to 271 million RMB, reflecting ongoing financial challenges [9]. Group 3: Industry Context - The retail sector is undergoing significant changes, with increased competition and a shift in consumer preferences towards smaller, more frequent shopping experiences, which Gao Xin Retail's traditional large-format stores struggle to meet [10][12]. - The company is facing intensified competition from both traditional retailers like Walmart and emerging players in the community retail space, complicating its transformation efforts [12]. Group 4: Strategic Challenges - Gao Xin Retail's attempts to diversify its business model through new store formats and operational adjustments have yet to yield substantial results, with the company reporting a net reduction of four large stores compared to the previous year [10]. - The recent CEO disappearance coincides with a broader anti-corruption campaign in the retail industry, raising questions about the company's internal governance and operational integrity [7][8].

Core Viewpoint - Gao Xin Retail is currently facing a leadership crisis as CEO Li Weiping has been unreachable, prompting the board chairman to take over management responsibilities [1][2] Group 1: Leadership Changes - Li Weiping has been in the CEO position for approximately two months and was expected to drive the company's three-year strategic plan focusing on product differentiation and supply chain efficiency [2][4] - Following the acquisition of Gao Xin Retail by Dehong Capital, there have been significant personnel changes, including the resignation of Wang Guannan and the appointment of Liu Hao as a non-executive director [3][4] Group 2: Strategic Initiatives - Under Li Weiping's leadership, Gao Xin Retail has initiated various strategic projects, including the opening of a new store format that emphasizes quality and efficiency [2][4] - The company is collaborating with popular IPs to attract younger consumers and enhance the shopping experience, while also expanding its tax refund services and social media presence [3][4] Group 3: Operational Focus - Li Weiping's planned reforms for Gao Xin Retail include improvements in product quality, organizational agility, and multi-format store optimization [4][5] - The company has emphasized strict adherence to integrity and anti-corruption measures, with a clear message that any violations will be met with severe consequences [5]

瑞财经 吴文婷2月4日，大润发母公司高鑫零售发布公告称，公司董事会得悉公司暂时无法与公司的执 行董事兼首席执行官李卫平取得联系。 李卫平于2025年12月1日加入集团。在加入集团之前，李卫平于2018年9月至2025年11月期间任职于盒马 并担任过多个岗位的工作。 高鑫零售表示，截至本公告日期，据董事所深知、尽悉及确信，该事项与集团之业务及营运并无关联。 有鉴于此，董事会认为，该事项对集团并无重大不利影响，且集团之业务及营运维持正常。在此期间， 集团之日常业务营运及管理将由公司董事会主席华裕能暂时负责。 截至发稿时，高鑫零售报1.58港元，报1.94%，总市值约150.74亿港元。 | 高鑫零售(HK:06808) 港股通 可融资 可卖空 | | | 已添加 | | --- | --- | --- | --- | | HK$1.58 +0.03 +1.94% [ | | 【实时行情 | 1.35 万球友关注 交易中 02-04 09:43:09 北京时间 | | 最高:1.59 | 今开:1.55 | 成交量:256.15万股 | 换手:0.03% | | 最低:1.53 | 昨收:1.55 | 成交额:40 ...

Core Viewpoint - Gao Xin Retail Co., Ltd. (06808.HK) announced that it is temporarily unable to contact its CEO Li Weiping, with Chairman Hua Yuneng taking over management responsibilities during this period. The company asserts that Li's disappearance is unrelated to its business operations and will monitor the situation closely [1][2]. Group 1: Company Management Changes - Li Weiping has been missing for two months since taking over as CEO on December 1, 2025, after previously working at Hema for over seven years [1]. - The appointment of Li as CEO followed a significant change in major shareholders, with Alibaba Group exiting and Dehong Capital investing 13.138 billion yuan to become the controlling shareholder [1]. Group 2: Financial Performance - For the six months ending September 30, 2025, Gao Xin Retail reported a revenue of 30.502 billion yuan, a year-on-year decrease of 12.1%. The gross profit was 7.719 billion yuan, down 9.5%, and the company recorded a loss attributable to equity shareholders of 123 million yuan [2].

Core Insights - The consumer index data from Worldpanel indicates that the sales of China's urban fast-moving consumer goods market will grow by 1.5% year-on-year in 2025, maintaining a stable development trend [1] - The contribution rate of final consumption expenditure to economic growth has reached 52.0%, an increase of 5.0 percentage points compared to 2024, making it the main driver of economic growth [2] - The retail market is experiencing a dual trend of "acceleration" and "braking," with retailers focusing on high-potential areas while optimizing existing resources [13][15] Market Performance - In 2025, the sales growth rate in the eastern and northern regions will exceed the overall growth rate, with lower-tier cities showing a sales growth rate of 1.9%, indicating ongoing potential in the sinking market [1] - The beverage and food categories are leading growth, with annual sales increasing by 3.6% and 3.1% respectively [1] - The modern channel sales in urban areas will see a slight decline of 0.3% in 2025, with small supermarkets capturing the demand for daily household consumption [4] Retailer Dynamics - Walmart has surpassed the Gao Xin Retail Group, with its Sam's Club maintaining rapid sales growth, increasing its market share in modern channels by 1 percentage point compared to the previous year [4] - The top ten retailers are experiencing a continuous decline in market share, with a 0.7 percentage point drop in modern channels [5] - Local retailers like Anhui Hejiafu and Hubei Huangshang are maintaining their market share in modern channels, showcasing their competitive edge [8] Consumer Behavior Trends - The consumer demand is diversifying, with new consumption scenarios emerging, particularly in out-of-home dining, which is expected to see a 6% year-on-year increase in customer flow in 2025 [2] - The penetration rate of the pre-positioned warehouse model has reached 9%, a year-on-year increase of 2.2 percentage points, indicating a shift in consumer shopping habits towards instant delivery [10] - The retail industry is evolving towards a "near-field optimization and far-field expansion" model, focusing on precise consumer engagement and comprehensive coverage [9] Strategic Shifts - Retailers are increasingly focusing on developing private labels, with the penetration rate of private brands reaching 56.8%, up over 11 percentage points from the previous year [14] - The discount retail format remains popular among consumers, with penetration rates for bulk snack stores and discount stores increasing by 4.8 and 2.9 percentage points respectively [14] - The integration of online and offline channels is deepening, with platforms like Taobao and JD.com transforming into comprehensive service platforms [17][18] Future Outlook - The retail market is expected to continue its dual path of "acceleration" and "braking," with ongoing adjustments and optimizations [15] - The focus will shift towards building emotional connections with consumers and enhancing demand response efficiency, moving from merely meeting needs to anticipating them [11][12] - The competition in the retail sector will become more complex and diverse, requiring brands and retailers to innovate and enhance service experiences to maintain competitive advantages [20][21]

高鑫零售2月4日开盘价1.55港元，截至记者发稿，报1.60港元，为今日目前最高价，涨幅3.226%。 2026.02.04 本文字数：1083，阅读时长大约3分钟 作者 |第一财经 乐琰 新CEO仅上任2个月就发生风波。大润发母公司高鑫零售（06808.HK）董事兼首席执行官李卫平日前传 被警方带走协助调查，对此高鑫零售2月4日表示，截至目前，公司暂时无法与李卫平取得联系。 （注：我们会对线索进行核实。您的隐私将严格保密。） 高鑫零售公布截至2025年9月30日的6个月中期业绩显示，期内收入305.02亿元，同比减少12.1%；公司 权益股东应占亏损1.23亿元，去年同期溢利2.06亿元；每股基本亏损0.01元。收入下滑是由于市场竞争 加剧，导致平均每笔交易的购买件数及商品平均售价走低，继而导致平均客单价下滑。 截至2025年9月30日，高鑫零售共有462家大卖场、32家中型超市以及7家M会员店，其中约65%为租赁 门店，35%为自有物业门店。 微信编辑| 七三 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。专 用邮箱：bianjibu@yicai.com 谈及业务 ...