股票简称：百联股份 百联 B 股 证券代码： 600827 900923 编号：临 2026-002 上海百联集团股份有限公司 关于土地收储的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、基本情况概述 1 特此公告。 上海百联集团股份有限公司董事会 公司于2025年8月4日收到三幅地块的首次补偿款，具体详见公司于2025年8月5日 披露的《关于收到土地收储补偿款的进展公告》（临2025-037）。 公司已经完成对共青路295号的搬迁工作，并与杨浦区土储中心签署了《共青路295 号收回土地交接确认书》，具体详见公司于2025年12月13日披露的《关于土地收储的进 展公告》（临2025-050）。 二、本次土地收储事项的进展 根据公司与杨浦区土储中心签订的合同约定，公司已完成对共青路310、210号的搬 迁工作，于2026年2月27日将地块移交给杨浦区土储中心，并与杨浦区土储中心签署了 《共青路310、210号收回土地交接确认书》。 三、其他说明 公司将持续跟进土地收储事项的后续进展情况，及时履行信息披露义务，敬请 ...

Group 1 - The company is focused on creating benchmark commercial models while expanding its advantageous business formats in a balanced manner [2] - The company is continuously promoting the transformation and upgrading of key projects, aiming for quality improvement and efficiency enhancement [2] - The company is leveraging local culture to refine differentiated spatial products and will continue to push for refined operational management in the future [2]

证券日报网讯2月27日，百联股份（600827）在互动平台回答投资者提问时表示，公司严格按照上交所 的相关规定履行信息披露义务，相关财务数据与信息将在2025年年度报告中披露。公司已于2026年1月 30日发布了《2025年年度业绩预告》，公司将严格根据《企业会计准则》的有关规定进行账务处理，会 计处理最终以会计师事务所审计后的结果为准。 ...

Core Viewpoint - The company is actively advancing its spatial and content innovation while developing its advantageous business formats, accelerating the layout of outlet projects, and exploring the replication and expansion of ZX dimension and TX curation models [1] Group 1: Business Development - The company is focusing on both light and heavy development strategies to enhance its competitive advantages [1] - The company is continuously promoting asset securitization, with the Huashan Bailian Consumer REIT being the first consumer infrastructure REIT in Shanghai, officially listed in August 2024 [1] Group 2: Digital Transformation - The company is enhancing its digital intelligence capabilities and promoting the integration of digitalization with new consumption scenarios to empower the transformation and upgrading of traditional retail [1]

Core Viewpoint - In 2026, Bailian Group launched a series of marketing activities titled "Our Festival - Celebrate the New Year at Bailian," effectively boosting the holiday consumption market, with sales in its outlets and supermarkets achieving double-digit growth year-on-year during the Spring Festival [1][6]. Group 1: Sales Performance - Bailian Group's supermarket formats, including Century Lianhua and Lianhua Supermarket, maintained strong growth, with sales during the Spring Festival achieving double-digit year-on-year increases [3][8]. - The "Enjoy Consumption with Prize Invoices" campaign during the Spring Festival helped release consumer potential, with the "Shanghai Ticket King Competition" attracting nearly 250,000 participants and a coupon participation rate of nearly 30% [3][8]. - Lianhua Supermarket's coupon redemption activity from January 14 to February 10 led to the issuance of nearly 220,000 coupons, directly driving sales exceeding 20 million yuan [4][8]. Group 2: Marketing Activities - The "Bailian Cup" culinary competition utilized Bailian's global supply chain to introduce selected ingredients from around the world into its stores, creating a "world kitchen at your doorstep" [9]. - The competition has attracted significant public participation, with submissions being collected via the "i Bailian" app, and the final event scheduled for March 12 at Bailian Zhonghuan Shopping Plaza [9]. - Various stores, including Yongan Department Store and Expo Source, actively participated in coupon activities, with Yongan Department Store experiencing over 115% year-on-year sales growth during the initial phase of the campaign [5][9]. Group 3: Future Strategy - Bailian Group aims to continue leveraging its multi-channel and multi-format advantages in 2026, focusing on high-quality product supply and diverse experiential scenarios to lead the construction of an international consumption center city [10].

Group 1 - The company emphasizes its commitment to investor returns and trust through a long-term stable dividend policy, consistently providing cash dividends to investors [1] - The company has undergone multiple rounds of mergers and acquisitions since its listing, leading to variations in financing amount calculations across different third-party trading software [1] - Investors are advised to refer to the company's official disclosures for accurate information [1]

Investment Rating - The report rates the real estate industry as "Outperform" compared to the market [1] Core Insights - New home sales in January showed a narrowing year-on-year decline, while second-hand home sales turned positive year-on-year [1][21] - The central bank has released favorable policies, including lowering the re-lending rate and reducing the down payment ratio for commercial properties [1][4] New Home Sales - In January, the new home sales area in 40 cities decreased by 42.3% month-on-month and by 22.0% year-on-year, with the year-on-year decline narrowing by 10.1 percentage points compared to the previous month [5][14] - First-tier cities saw a year-on-year decline of 14.0%, while second-tier cities experienced an 18.1% decline, and third and fourth-tier cities had a 41.1% decline [15][20] Second-Hand Home Sales - The second-hand home sales area in 18 cities decreased by 2.0% month-on-month but increased by 9.0% year-on-year, with the year-on-year growth rate improving by 41.3 percentage points compared to the previous month [21][25] - All city tiers showed positive year-on-year growth in second-hand home sales, with first-tier cities growing by 15.0% year-on-year [21][30] Inventory and Absorption - As of the end of January, the new home inventory area in 12 cities was 112.91 million square meters, down 0.4% month-on-month and down 6.3% year-on-year, with an overall absorption cycle of 18.1 months [28][29] - The absorption cycle for first-tier cities increased by 4.3 months year-on-year, while third and fourth-tier cities saw a decrease of 8.2 months [28] Land Market - The land market in January saw a transaction area decrease of 76.5% month-on-month and a 20.2% year-on-year decline, with an average land premium rate of 2.87% [1][12] - The average land price per square meter decreased by 36.8% month-on-month and by 20.9% year-on-year [13] Real Estate Companies - The top 100 real estate companies saw a 49.5% year-on-year decline in land acquisition amounts, with a land acquisition intensity of 32% [1][12] - The financing scale for the real estate industry in January was 39.6 billion yuan, down 26% year-on-year but up 7% month-on-month [1][14] Policy Developments - The central bank's policy changes include lowering the re-lending rate to 1.25% and reducing the minimum down payment ratio for commercial properties from 50% to 30% [1][4] - The first batch of commercial real estate REITs has been submitted for approval, with a total expected fundraising of 31.47 billion yuan [1][4] Sector Performance - The real estate sector outperformed the CSI 300 index in January, with an absolute return of 4.3% and a relative return of 2.7% [1][12] - The report anticipates two potential turning points in 2026: a policy turning point around the end of Q1 and a fundamental turning point around Q4 [1][12]

Group 1 - The company has established a "Market Value Management System" aimed at creating a long-term mechanism to enhance operational quality and sustainable development as the core of market value management [2] - The company will focus on its main business and strive to improve operational performance levels [2]

Core Viewpoint - The company emphasizes its commitment to shareholder returns and maintains a prudent dividend policy, with future share buyback plans to be disclosed in accordance with relevant laws and regulations [2]. Financial Information - The company's cash situation will be detailed in the financial statements section of the "2025 Q3 Report" to be disclosed on October 31, 2025 [2].

Core Viewpoint - Bailian Co., Ltd. emphasizes its commitment to investor returns and trust through a long-term stable dividend policy, indicating a focus on cash dividends for investors [1] Group 1 - The company has stated that it highly values investor returns and trust [1] - Bailian Co., Ltd. has been implementing a steady dividend policy over the long term [1] - The company will disclose any future share repurchase plans in accordance with relevant laws and regulations [1]