阿里巴巴以131.38亿港元出售高鑫零售，持续聚焦核心主业。 2025年1月1日晚，交易最终敲定，根据公告，德弘资本将以整体最高1.75港元/股（包括1.55港元/股的 现金及0.2港元/股的利息），收购阿里全资子公司吉鑫和淘宝中国所持的约70.27亿股高鑫零售股份（占 已发行高鑫零售股份总数约73.66%），及New Retail所持的约4.8亿股高鑫零售股份（占已发行高鑫零售 股份总数约5.04%），阿里巴巴子公司及New Retail将收取的最高金额约为131.38亿港元。 2023年9月，阿里巴巴集团确立"用户为先、AI驱动"两大战略重心，并表示将围绕这两大重心进行业务 梳理，重塑业务的战略优先级。 据市场人士分析，本次高鑫零售的交易中，多方能够实现共赢。德弘资本长期看好消费赛道，追求跨周 期的稳定回报，高鑫零售过往数字化转型的良好基础，令其成为优选标的。高鑫零售也将在德弘资本的 支持下，开启新的发展篇章。同时，市场更加看好轻装上阵的阿里巴巴，过去一年，阿里坚定执行战略 聚焦，清晰取舍，面向未来，更好将发展资源聚焦于电商、云+AI这两大方向，驱动核心业务长期增 长。 阿里巴巴集团公告显示，始终对中国消 ...

根据高鑫零售最新发布的财年中期业绩，半年营收347.08亿元，净利润1.86亿元，实现扭亏为盈。截至 2024年9月30日，高鑫零售集团员工人数为85778人。 2023年9月，阿里巴巴集团确立"用户为先、AI驱动"两大战略重心，并表示将围绕这两大重心进行业务 梳理，重塑业务的战略优先级。 2017年，阿里巴巴首次入股高鑫零售，2020年进一步增持后，高鑫零售成为阿里巴巴集团的并表子公 司。2024年10月，高鑫零售发布公告，向市场告知有买家有意收购。2025年1月1日晚，交易最终敲定， 根据公告，德弘资本将以整体最高1.75港元/股（包括1.55港元/股的现金及0.2港元/股的利息），收购阿 里全资子公司吉鑫和淘宝中国所持7,027,297,350股高鑫零售股份（占已发行高鑫零售股份总数约 73.66%），及NewRetail所持480,369,231股高鑫零售股份（占已发行高鑫零售股份总数约5.04%），阿里 巴巴子公司及NewRetail将收取的最高金额约为131.38亿港元。 1月1日晚，阿里巴巴集团发布公告，宣布子公司及NewRetail与德弘资本达成交易，以最高约131.38亿 港元出售所持高鑫零 ...

Financial Performance - Total revenue for the first half of 2024 was RMB 34,708 million, a decrease of 3.0% compared to RMB 35,768 million in the same period of 2023[8]. - Gross profit for the first half of 2024 was RMB 8,526 million, down 4.1% from RMB 8,889 million in the previous year[8]. - Operating profit surged to RMB 621 million, a significant increase of 3,168.4% from RMB 19 million in the same period last year[8]. - Net profit for the period was RMB 186 million, a turnaround from a loss of RMB 378 million in the same period of 2023, representing a 149.2% improvement[8]. - The company reported a basic and diluted earnings per share of RMB 0.02, compared to a loss per share of RMB 0.04 in the previous year[8]. - Revenue from merchandise sales for the six months ended September 30, 2024, was RMB 33.186 billion, a decrease of RMB 1.039 billion or 3.0% compared to the same period in 2023[32]. - Same-store sales growth for the same period was 0.3%, driven by an increase in average transaction value and improved customer loyalty[32]. - Gross profit for the six months ended September 30, 2024, was RMB 8.526 billion, down RMB 3.63 billion or 4.1% from RMB 8.889 billion in the prior year[35]. - Gross margin for the period was 24.6%, a decrease of 0.3 percentage points from 24.9% in the previous year[38]. - Other income and net gains for the six months ended September 30, 2024, were RMB 0.621 billion, a decrease of RMB 1.25 billion or 16.8% from RMB 0.746 billion in the prior year[39]. - Selling and marketing expenses for the same period were RMB 7.667 billion, a decrease of RMB 1.051 billion or 12.1% from RMB 8.718 billion in the previous year[40]. - Cash outflow from operating activities for the six months ended September 30, 2024, was RMB 0.641 billion, a decrease of RMB 3.442 billion or 122.9% from a cash inflow of RMB 2.801 billion in the prior year[51]. - The company reported a total comprehensive loss of RMB 7,765 million for the six months ended September 30, 2024[177]. Assets and Liabilities - Total assets increased by 2.1% to RMB 62,001 million from RMB 60,715 million as of March 31, 2024[8]. - Total liabilities rose by 3.3% to RMB 40,203 million from RMB 38,921 million as of March 31, 2024[8]. - The company's equity totalled RMB 21,798 million, slightly up from RMB 21,794 million, reflecting stable shareholder value[165]. - Cash and cash equivalents decreased to RMB 9,500 million from RMB 11,908 million, indicating a reduction in liquidity[163]. - Total equity amounted to RMB 24,197 million, a decrease of 19% compared to the previous period[172]. - Non-controlling interests totaled RMB 679 million, reflecting a decrease of 359%[172]. - Retained earnings stood at RMB 7,732 million, with a 206% increase compared to the previous period[175]. Business Operations and Strategy - The company launched over 1,100 low-price products under various series to enhance price competitiveness and attract more customers[14]. - The online B2C business achieved mid-single-digit same-store sales growth during the first half of the fiscal year[14]. - The Dazhong Supermarket chain expanded to 30 stores across multiple provinces, achieving mid-to-high single-digit same-store sales growth[17]. - The company opened 6 new M membership stores in cities including Yangzhou, Changzhou, Nanjing, Changshu, Jiaxing, and Wuxi, with membership exceeding 360,000[18]. - The M membership store offers over 4,000 products from nearly 30 countries, with more than 200 new products launched monthly, and private label sales accounting for over 30%[18]. - The company is focused on becoming a market leader by providing fresh, convenient, and affordable shopping environments[31]. - Future outlook includes potential market expansion and new product development strategies[179]. - The company plans to enhance its operational efficiency through technology advancements and strategic partnerships[179]. Employee and Management Information - Employee count decreased to 85,778 as of September 30, 2024, from 102,101 a year earlier, with total employee benefits expenditure amounting to RMB 4.106 billion[26]. - The share option plan was approved by shareholders on August 16, 2023, aimed at aligning the interests of participants with those of the company and its shareholders[75][76]. - The share option plan is valid for ten years from the adoption date, with approximately 8 years and 8 months remaining as of the interim report date[79][80]. - The maximum number of shares available for issuance under the share option plan is capped at 953,970,470 shares, representing 10% of the total shares issued as of the adoption date[86]. - The total number of stock options and rewards available for grant at the beginning of the reporting period was 908,970,470 shares[93]. - The employee trust benefit plans aim to align the interests of eligible participants with the group's interests and encourage long-term growth and profitability contributions[104]. Governance and Compliance - The group has maintained compliance with all provisions of the Corporate Governance Code as of September 30, 2024[62]. - The financial report for the six months ending September 30, 2024, is prepared in accordance with Hong Kong Accounting Standard 34, which does not include all notes typically found in annual financial reports[182]. - The auditor's report on the financial statements is unqualified, indicating no reservations or emphasis of matter[185]. - The management's significant judgments and estimates in preparing the interim financial information are consistent with those applied in the annual financial statements for the year ending March 31, 2024[195]. Shareholder Information - Major shareholder 吉鑫 holds 4,419,731,966 shares, representing 46.33% of the company[147]. - 淘寶中國 directly owns 2,607,565,384 shares, accounting for 27.33% of the company[149]. - 淘寶控股有限公司 holds a total of 7,027,297,350 shares, which is 73.66% of the company[149]. - 阿里巴巴集團 controls 7,507,666,581 shares, representing 78.70% of the company[149]. - The total number of shares held by major shareholders indicates a significant concentration of ownership within the company[147]. - The company is subject to the Securities and Futures Ordinance, which requires disclosure of substantial shareholders[149].

证券时报网讯，星展发布的报告指出，高鑫零售作为中国最大的综合超市运营商，将其超市定位为社区 中心，以满足消费者需求。 星展认为，高鑫零售通过优化产品组合和有效控制成本，推动了利润率的回升，维持"买入"评级，并将 目标价从2.6港元上调至3.1港元，同店销售回升和潜在收购是主要催化剂。 校对：祝甜婷 ...

Financial Performance - Revenue for the six months ended September 30, 2024, was RMB 34,708 million, a decrease of 3.0% compared to RMB 35,768 million in the same period of 2023[2] - Gross profit for the same period was RMB 8,526 million, down 4.1% from RMB 8,889 million year-on-year[2] - Operating profit surged to RMB 621 million, a significant increase of 3,168.4% compared to RMB 19 million in the previous year[2] - Net profit attributable to the company's owners was RMB 186 million, compared to a loss of RMB 378 million in the same period last year, representing a turnaround of 149.2%[2] - Basic and diluted earnings per share improved to RMB 0.02, compared to a loss of RMB 0.04 per share in the prior year[2] - The company reported a significant increase in operating profit margin, indicating improved operational efficiency despite a decline in revenue[2] - Same-store sales growth for the six months ended September 30, 2024, was 0.3%, driven by an increase in average transaction value and improved customer loyalty[50] - The company's attributable profit for the six months ended September 30, 2024, was RMB 206 million, a turnaround from a loss of RMB 359 million for the same period in 2023, reflecting an increase of RMB 565 million or 157.4%[61] Assets and Liabilities - Total assets as of September 30, 2024, increased to RMB 62,001 million, up 2.1% from RMB 60,715 million[2] - Total liabilities rose to RMB 40,203 million, reflecting a 3.3% increase from RMB 38,921 million[2] - Net cash decreased to RMB 14,635 million, down 11.3% from RMB 16,504 million[2] - Trade receivables totaled RMB 1,949 million as of September 30, 2024, down from RMB 2,184 million as of March 31, 2024[34] - Non-current deposits increased to RMB 2,130 million as of September 30, 2024, compared to RMB 1,830 million as of March 31, 2024[36] - Cash and cash equivalents decreased to RMB 9,500 million as of September 30, 2024, from RMB 11,908 million as of March 31, 2024[40] - The company’s lease liabilities as of September 30, 2024, were RMB 6.39 billion, unchanged from March 31, 2024[45] Income and Expenses - Total other income and net gains were RMB 621 million, compared to RMB 746 million in the previous year, reflecting a decrease of 16.74%[14] - Employee benefits expenses totaled RMB 4,106 million, a decrease of 11.3% from RMB 4,634 million in the same period of 2023[15] - Sales and marketing expenses for the six months ended September 30, 2024, were RMB 7.667 billion, a decrease of RMB 1.051 billion or 12.1% from RMB 8.718 billion for the same period in 2023, representing 22.1% of total revenue, down 2.3 percentage points from 24.4%[54] - The total income tax expense for the six months ended September 30, 2024, was RMB 224 million, compared to RMB 184 million for the same period in 2023[24] Cash Flow - Cash outflow from operating activities for the six months ended September 30, 2024, was RMB 641 million, a decrease of RMB 3.442 billion or 122.9% compared to a cash inflow of RMB 2.801 billion for the same period in 2023[63] - Cash outflow from investing activities for the six months ended September 30, 2024, was RMB 2.125 billion, a decrease of RMB 2.388 billion or 908.0% compared to a cash inflow of RMB 263 million for the same period in 2023[65] - As of September 30, 2024, the net cash inflow from financing activities was RMB 360 million, an increase of RMB 1.023 billion or 154.3% compared to a net cash outflow of RMB 663 million for the same period in 2023[67] Corporate Governance and Compliance - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[84] - The audit committee reviewed the unaudited condensed consolidated interim financial statements for the six months ending September 30, 2024[86] - The company has established anti-corruption and reporting policies to promote ethical business conduct and open communication within the workplace[85] Employee and Talent Management - The group had 85,778 employees, down from 102,101 employees as of September 30, 2023[82] - The group has adopted a stock option plan and a revised employee trust benefit plan to attract and retain high-quality talent, approved by shareholders on August 16, 2023[82] - Total employee benefits expenditure amounted to RMB 4,106 million, compared to RMB 4,634 million for the same period last year, reflecting a decrease of approximately 11.3%[82] Business Operations and Strategy - The company operates a single reportable segment, which includes offline physical stores and online sales channels in China[12] - The customer base is diversified, with no single customer accounting for more than 10% of total revenue[12] - The company has identified three new locations for hypermarkets and signed contracts for four medium-sized supermarkets, with one currently under construction[76] - The company’s pricing strategy includes the launch of over 1,100 low-price products to enhance price competitiveness and attract more customers[72] - The company opened one hypermarket and three M membership stores in the first half of the fiscal year, while closing seven hypermarkets[75] Shareholder Information - No interim dividend was declared for the six months ended September 30, 2024, consistent with the previous year[29] - The board has decided to postpone the declaration of an interim dividend due to ongoing evaluation of a potential voluntary conditional offer[88] - The company received a contact letter from a potential offeror expressing interest in making a voluntary conditional offer for all issued shares on September 27, 2024[89] Accounting and Financial Reporting - The company has adopted new and revised accounting standards effective from April 1, 2024, with no significant financial impact on the consolidated financial statements[11] - The company recognized RMB 29 million in expenses related to employee trust benefit plans for the six months ended September 30, 2024, compared to none in the same period of 2023[16] - The company announced proposed amendments to the employee trust benefit plans for Auchan (China) Investment and its subsidiaries, as well as for Suning Investment (China) and its subsidiaries[90] - The proposed changes aim to provide more flexibility in contributions to the trust and to reward employees of both groups[90] - The amendments are subject to shareholder approval at the general meeting scheduled for November 12, 2024[90]

Financial Performance - Revenue for the fiscal year ending March 31, 2024, was RMB 72,567 million, a decrease of 13.3% from RMB 83,662 million in the previous year[8]. - Gross profit decreased by 12.7% to RMB 17,958 million from RMB 20,581 million year-over-year[8]. - The company reported an operating loss of RMB 1,009 million, compared to an operating profit of RMB 1,177 million in the previous year, representing a decline of 185.7%[8]. - Net loss for the year was RMB 1,668 million, a significant increase from a profit of RMB 78 million in the prior year, marking a 2,238.5% decline[8]. - Total assets decreased by 5.3% to RMB 60,715 million from RMB 64,118 million year-over-year[9]. - Total liabilities decreased by 2.5% to RMB 38,921 million from RMB 39,921 million[9]. - Net cash decreased by 15.1% to RMB 16,504 million from RMB 19,449 million[9]. - Basic and diluted loss per share was RMB 0.17, compared to earnings of RMB 0.01 per share in the previous year[8]. - For the fiscal year ending March 31, 2024, the revenue from merchandise sales was RMB 69.431 billion, a decrease of RMB 11.104 billion or 13.8% compared to RMB 80.535 billion for the previous fiscal year[16]. - Same-store sales growth was -6.6%, with online B2C business achieving low single-digit positive growth despite a decline in average transaction value[16]. Management Strategy - The company aims to focus on revenue growth by offering more quality products at lower prices to a larger customer base[1]. - The new management team aims to focus on revenue growth and achieving profitability in the fiscal year 2025, emphasizing customer needs and retail fundamentals[15]. - The company plans to accelerate cost reduction and efficiency improvements while developing multi-format and omnichannel strategies[15]. - The new CEO has been appointed to lead the company back to its retail roots, focusing on product quality, pricing, service, and efficiency[14]. - The company is committed to regaining customer trust and loyalty by offering high-quality products at lower prices[14]. - The management expresses confidence in returning to a thriving business model in the new fiscal year[15]. Expenses and Cost Management - Selling and marketing expenses were RMB 18.178 billion, down RMB 0.332 billion or 1.8% from RMB 18.510 billion in the previous year, representing 25.0% of total revenue, an increase of 2.9 percentage points from 22.1%[19]. - Administrative expenses for the year ended March 31, 2024, were RMB 2.251 billion, a decrease of RMB 118 million or 5.0% compared to RMB 2.369 billion for the year ended March 31, 2023[20]. - Financial expenses for the year ended March 31, 2024, were RMB 425 million, a decrease of RMB 29 million or 6.4% compared to RMB 454 million for the year ended March 31, 2023[22]. - Income tax expenses for the year ended March 31, 2024, were RMB 234 million, a decrease of RMB 410 million or 63.7% compared to RMB 644 million for the year ended March 31, 2023[23]. Employee and Talent Management - As of March 31, 2024, the group had 86,226 employees, a decrease from 107,785 employees as of March 31, 2023, with total employee benefits expenditure amounting to RMB 9.558 billion, down from RMB 10.066 billion the previous year[42]. - The group has adopted a stock option plan and a revised employee trust benefit plan to recognize employee contributions and attract high-quality talent, with further details provided in the annual report[42]. - The group is committed to providing ongoing training for employees to enhance their skills and capabilities[42]. - The group aims to align the interests of participants in the stock option plan with those of the company and its shareholders[82]. Corporate Governance - The board of directors is committed to maintaining high standards of corporate governance to protect shareholder interests[178]. - The company has established a code of conduct for securities trading by directors and relevant employees, ensuring compliance with regulations[179]. - The board currently consists of seven members, including one executive director and three independent non-executive directors[182]. - The company maintained compliance with the Listing Rules by having at least three independent non-executive directors, constituting one-third of the board, with two meeting the required professional qualifications[185]. - The Audit Committee held five meetings during the year ending March 31, 2024, reviewing the annual and interim financial performance for the periods ending March 31, 2023, and September 30, 2023[192]. Related Party Transactions - The company has categorized ongoing related transactions with Alibaba Group to better manage long-term business interactions[118]. - The annual cap for procurement of goods and services from Alibaba Group is set at RMB 1.5 billion for the fiscal year ending March 31, 2022, RMB 1.8 billion for the fiscal year ending March 31, 2023, and RMB 2.1 billion for the fiscal year ending March 31, 2024[121]. - The company entered into a business cooperation framework agreement with Taobao China on June 22, 2021, which was approved by shareholders and is effective from September 24, 2021, until March 31, 2024[125]. - The agreements with Alibaba Group are classified as continuing connected transactions, reflecting the ongoing business relationship between the companies[130]. Economic and Market Conditions - The company's sales, revenue, and profitability are heavily influenced by the economic conditions in China[176]. - Fluctuations in exchange rates and government controls on currency exchange may negatively impact the company's ability to pay dividends[177]. - Concerns regarding product safety and quality may significantly impact the company's operating performance[174]. - Any outbreak of serious infectious diseases in China could adversely affect the company's financial performance and growth prospects[175].

Financial Performance - For the fiscal year ending March 31, 2024, the company reported a revenue of RMB 72,567 million, a decrease of RMB 11,095 million or 13.3% compared to RMB 83,662 million in the previous year[2] - Gross profit for the same period was RMB 17,958 million, down RMB 2,623 million or 12.7% from RMB 20,581 million year-on-year[2] - The company experienced an operating loss of RMB 1,009 million, a decline of RMB 2,186 million or 185.7% compared to an operating profit of RMB 1,177 million in the previous year[2] - The net loss attributable to the company's owners was RMB 1,668 million, a significant drop of RMB 1,746 million or 2,238.5% from a profit of RMB 78 million in the prior year[2] - Basic and diluted loss per share was RMB (0.17), compared to earnings of RMB 0.01 per share in the previous year[4] - Sales costs for the year ending March 31, 2024, were RMB 54,523 million, a decrease from RMB 62,993 million in the previous year, representing a reduction of approximately 13.5%[26] - The group reported a total income tax expense of RMB 234 million for the year ending March 31, 2024, down from RMB 644 million in the previous year, indicating a significant decrease of approximately 63.7%[28] - The company reported a basic loss per share of RMB 0.17 for the fiscal year ending March 31, 2024, compared to a profit of RMB 0.01 per share in the previous year[34] - The proposed final dividend for the fiscal year ending March 31, 2024, is HKD 0.020 per share, equivalent to RMB 0.018, down from HKD 0.045 per share (RMB 0.040) in the previous year[35] Assets and Liabilities - Total assets decreased to RMB 60,715 million, down RMB 3,403 million or 5.3% from RMB 64,118 million year-on-year[2] - Total liabilities were reported at RMB 38,921 million, a reduction of RMB 1,000 million or 2.5% from RMB 39,921 million in the previous year[2] - The company's net cash position was RMB 16,504 million, down RMB 2,945 million or 15.1% from RMB 19,449 million in the previous year[2] - The company’s equity attributable to owners decreased to RMB 21,794 million, a decline of RMB 2,403 million or 9.9% from RMB 24,197 million year-on-year[2] - Trade receivables decreased to RMB 2,184 million in 2024 from RMB 3,073 million in 2023, a decline of approximately 29%[39] - Total other receivables decreased to RMB 1,537 million in 2024 from RMB 1,768 million in 2023, a decline of about 13%[39] - Cash and cash equivalents decreased to RMB 11,908 million in 2024 from RMB 12,408 million in 2023, a decrease of around 4%[44] - The company reported a total of RMB 6,628 million in lease liabilities as of March 31, 2024, compared to RMB 7,039 million in 2023, a decrease of about 6%[49] Operational Highlights - The company plans to focus on new product development and market expansion strategies to improve future performance[3] - The customer base is diversified, with no single customer accounting for more than 10% of total revenue[17] - Online business sales accounted for approximately 29% of total revenue, with B2C sales making up about 22%[73] - The company's own app sales represented around 36% of B2C business, and third-party platform sales are being accelerated from Q4 of the fiscal year[73] - Same-store sales growth was -6.6%, with online B2C business achieving low single-digit positive growth despite a decline in average transaction value[53] - The company aims to return to revenue growth and achieve profitability by focusing on cost reduction and efficiency improvements[79] Employee and Compensation - Employee benefits expenses totaled RMB 9,558 million, a decrease from RMB 10,066 million in the previous year[20] - Employee count decreased to 86,226 as of March 31, 2024, down from 107,785 a year earlier, with total employee benefits expenditure amounting to RMB 9.558 billion[78] - The group confirmed employee trust benefit plan-related expenses of RMB 12 million for the year ending March 31, 2023, with no expenses recognized for the following year[24] - The company has adopted a stock option plan and a revised employee trust benefit plan to attract and retain high-quality talent[78] Investment and Future Plans - The company plans to complete the sale of several retail stores within one year, with related assets and liabilities classified as held for sale[45] - The company plans to sell certain non-performing assets to reduce losses and store closure costs, with related assets classified as held for sale as of March 31, 2024[69] - The company plans to open four new membership stores in the new fiscal year, having already secured locations for four hypermarkets and signed contracts for 13 medium-sized supermarkets[74] Corporate Governance - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[80] - The company’s ultimate holding company is Alibaba Group Holding Limited[1] - The company’s management and auditors have discussed internal controls and financial reporting matters[82] Miscellaneous - The company has applied new accounting standards effective from April 1, 2023, including HKFRS 17 on insurance contracts[15] - The company did not face significant foreign exchange risks as most of its assets and liabilities are denominated in RMB[70] - The company will publish its annual report for the fiscal year ending March 31, 2024, on the HKEX and its own website[88] - The company will suspend the registration of share transfers from August 9 to August 14, 2024, to ensure shareholders can attend the annual general meeting[86]

图源：Unsplash 高鑫零售（06808.HK）近期的一系列动作引发外界猜测。 进入2024年，高鑫零售旗下知名超市大润发持续关店，德阳、黄冈、株洲等地门店相继退场。据不完全统计，2023年1月至今，至少有13家大润发闭店 或宣布闭店。 高鑫零售方面告诉时代财经，公司一切都在正常的运转当中，大润发闭店属于正常的经营调整，"部分改造为2.0门店和M会员商店，部分出于物业到期 等原因。" 进入2024年来，阿里巴巴的变革向新零售领域蔓延。2月初，有媒体报道，阿里考虑出售银泰百货；2月7日的财报电话会议上，阿里巴巴集团董事长蔡 崇信亦提及，传统实体零售业务不是阿里的核心业务，"对这类业务进行退出也是合理的做法，但这需要时间，根据市场情况慢慢来实现。" 2月19日，瑞银的一份研报称，阿里可能出售其在高鑫零售的股份，或将加速高鑫零售业务调整，包括关闭亏损店铺等。这更为高鑫零售在阿里体系内 的去留增添了一些扑朔迷离的意味。 对于阿里出售高鑫零售的传言，高鑫零售官方回应称不予置评。有业内人士则对时代财经分析，高鑫零售在阿里战略性投资入股时，已经是一个港股上 市公司主体，它有一整套需要遵循的独立公司上市的标准跟守则，任何 ...

智通财经APP获悉，高鑫零售(06808)涨近5%，截至发稿，涨4.88%，报1.29港元，成交额641.65万港 元。 消息面上，瑞银研报指出，市场流传阿里巴巴考虑减持零售资产的消息，推动公司股价上升，据报阿里 与策略投资者就相关资产进行讨论，而阿里管理层表示，实体零售资产属非核心及亏损业务，出售亦属 合理，但因应市况料进行需时。 该行认为，虽然高鑫零售股价上升，但其市值109亿元仍然严重低估，因为净现金及投资物业整体价值 有200亿元。此外，阿里的潜在出售，可能会加快高鑫扭亏，因为集团可能会关闭非核心地区的亏损店 铺，劳工安排将更具效益，虽然短期可能出现拨备开支，但长远能够提升年度盈利。 ...

智通财经APP获悉，瑞银发布研究报告称，维持高鑫零售(06808)"买入"评级，目标价由2.3港元下调至 2.08港元，主要因为集团从传统超市业务，多元化发展至会员店铺，并推动资本应用及营运效益改善。 阿里的潜在出售，可能会加快高鑫扭亏，因为集团可能会关闭非核心地区的亏损店铺，劳工安排将更具 效益，虽然短期可能出现拨备开支，但长远能够提升年度盈利。 报告中称，市场流传阿里巴巴-SW(09988)考虑减持零售资产的消息，推动公司股价上升，据报阿里与策 略投资者就相关资产进行讨论，而阿里管理层表示，实体零售资产属非核心及亏损业务，出售亦属合 理，但因应市况料进行需时。虽然高鑫零售股价上升，但其市值109亿元仍然严重低估，因为净现金及 投资物业整体价值有200亿元人民币。 ...