独立董事提名人声明与承诺 提名人上海百联集团股份有限公司董事会,现提名王志强先 生为上海百联集团股份有限公司第十届董事会独立董事候选入, 并已充分了解被提名人职业、学历、职称、详细的工作经历、全 部兼职、有无重大失信等不良记录等情况。被提名人已同意出任 上海百联集团股份有限公司第十届董事会独立董事候选人(参见 该独立董事候选人声明)。提名人认为,被提名人具备独立董事 任职资格,与上海百联集团股份有限公司之间不存在任何影响其 独立性的关系,具体声明并承诺如下: 一、被提名人具备上市公司运作的基本知识,熟悉相关法律、 行政法规、规章及其他规范性文件,具有5年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 被提名人已经参加培训并取得证券交易所认可的相关培训 证明材料。 二、被提名人任职资格符合下列法律、行政法规和部门规章 的要求: (一)《中华人民共和国公司法》关于董事任职资格的规定; (七)中国人民银行《股份制商业银行独立董事和外部监事 制度指引》等的相关规定(如适用); (八)中国证监会《证券基金经营机构董事、监事、高级管 理人员及从业人员监督管理办法》等的相关规定(如适用); ( ...

独立董事候选人声明与承诺 本人钱学锋,已充分了解并同意由提名人上海百联集团股份 有限公司提名为上海百联集团股份有限公司第十届董事会独立 董事候选人。本人公开声明,本人具备独立董事任职资格,保证 不存在任何影响本人担任上海百联集团股份有限公司独立董事 独立性的关系,具体声明并承诺如下: 一、本人具备上市公司运作的基本知识,熟悉相关法律、行 政法规、部门规章及其他规范性文件,具有5年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 l 反腐倡廉建设的意见》的相关规定(如适用); 二、本人任职资格符合下列法律、行政法规和部门规章以及 公司规章的要求: (一)《中华人民共和国公司法》关于董事任职资格的规定; (二)《中华人民共和国公务员法》关于公务员兼任职务的 规定(如适用); (三)中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 条件的相关规定; (四)中共中央纪委、中共中央组织部《关于规范中管干部 辞去公职或者退(离)休后担任上市公司、基金管理公司独立董 事、独立监事的通知》的规定(如适用); (五)中共中央组织部《关于进一步规范 ...

| 证券代码：600827 | 900923 | | | --- | --- | --- | | 证券简称：百联股份 | 百联 B | 股 公告编号：2024-030 | 关于召开 2023 年年度股东大会的通知 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。 重要内容提示： 股东大会召开日期：2024年6月6日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票系统 一、召开会议的基本情况 （一）股东大会类型和届次 2023 年年度股东大会 （二）股东大会召集人：董事会 上海百联集团股份有限公司 （五）网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 6 月 6 日 至 2024 年 6 月 6 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 （ ...

独立董事候选人声明与承诺 本人王志强，已充分了解并同意由提名人上海百联集团股份 有限公司董事会提名为上海百联集团股份有限公司第十届董事 会独立董事候选人。本人公开声明，本人具备独立董事任职资格， 保证不存在任何影响本人担任上海百联集团股份有限公司独立 董事独立性的关系，具体声明并承诺如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、行 政法规、部门规章及其他规范性文件，具有 5 年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 被提名人已经参加培训并取得证券交易所认可的相关培训 证明材料。 二、本人任职资格符合下列法律、行政法规和部门规章以及 公司规章的要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的 规定（如适用）； （三）中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 条件的相关规定； （四）中共中央纪委、中共中央组织部《关于规范中管干部 辞去公职或者退（离）休后担任上市公司、基金管理公司独立董 事、独立监事的通知》的规定（如适用）； （六）中共 ...

股票简称：百联股份 百联 B 股 证券代码： 600827 900923 编号：临 2024-029 上海百联集团股份有限公司 关于百联集团有限公司认购联华超市新内资股暨关联交易 及联华超市对下属公司增资的公告 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。 重要内容提示： 上海百联集团股份有限公司（以下简称"公司"）控股股东百联集团有限公司（以下简称 "百联集团"）拟与公司控股子公司联华超市股份有限公司（以下简称"联华超市"）签订《股 份认购协议》，百联集团按每股新内资股人民币 1.00 元，以现金认购不超过 360,000,000 股联 华超市新内资股。本次联华超市发行新内资股完成后，公司直接持有联华超市的股权比例将由 20.03%降低至 15.15% 根据公司与百联集团于 2015 年签订的《托管协议》，百联集团本次获得的联华超市 18.04% 配售股权将托管给公司。本次联华超市发行新内资股事项不会导致公司合并报表范围变更。 本次百联集团认购联华超市发行新内资股事项构成关联交易，但不构成《上市公司重大 资产重组管理办法》 ...

Investment Rating - The report maintains a "Buy" rating for Bailian Group (600827) with a target price of 10.51 CNY, reflecting a positive outlook on the company's performance [16][18]. Core Views - The company is expected to achieve a revenue of 31.83 billion CNY in 2024, with a projected growth rate of 4% compared to the previous year [16]. - The report highlights that the company's performance aligns with expectations, and it emphasizes the structural advantages of the outlet business while exploring new business increments [16][18]. - The report notes a decline in revenue from department stores and shopping centers, while the outlet segment shows relatively better performance [16]. Financial Summary - For Q1 2024, the company reported a revenue of 8.83 billion CNY, a year-on-year decrease of 6.99%, with a net profit attributable to shareholders of 193 million CNY, down 7.73% year-on-year [16]. - The projected net profit for 2024 is 861 million CNY, reflecting a growth of 27% compared to 2023 [16]. - The report indicates an improvement in operating profit margin, expected to reach 2.2% in 2024, compared to 1.8% in 2023 [16]. Valuation Metrics - The report suggests a price-to-earnings (PE) ratio of 37x for the company, which is in line with comparable companies in the industry [16]. - The company's net asset return rate is projected to improve to 3.6% in 2024, up from 2.2% in 2023 [16]. - The report also highlights a significant increase in the dividend payout ratio, indicating a positive outlook on cash flow management [16].

Investment Rating - The report maintains an "Accumulate" rating for the company [23][24]. Core Views - The company's Q1 performance was under pressure due to industry conditions, with a year-on-year revenue decline of 6.99% to 8.829 billion yuan and a net profit decrease of 7.73% to 193 million yuan. However, the core outlet business remains robust [23][26]. - The report highlights that the overall retail environment, particularly in the department store sector, has been challenging, with a 2.4% decline in retail sales for department stores in Q1. Despite this, the company's shopping centers and outlet segments outperformed the industry average [23][26]. - The company is expected to continue expanding its outlet business and upgrading its existing retail formats in response to changing consumer trends, while also actively pursuing asset securitization to enhance operational potential [23][26]. Financial Performance Summary - The company achieved a revenue of 8.829 billion yuan in Q1 2024, down 6.99% year-on-year, with a net profit of 193 million yuan, a decrease of 7.73% [23][26]. - The department store segment generated revenue of 365 million yuan, down 10.70% year-on-year, while the outlet segment saw a revenue increase of 2.02% to 380 million yuan [7][23]. - The gross margin for the company in Q1 was 24.63%, a decrease of 0.40 percentage points year-on-year, primarily due to lower margins in the department store and supermarket segments [27][23]. Operational Metrics - Inventory turnover days decreased by 3 days to 39 days, while accounts receivable turnover days increased by 2 days to 8 days, indicating stable operational efficiency [11][23]. - The net operating cash flow was 875 million yuan, reflecting a significant year-on-year decline of 70.09%, largely due to the previous year's recovery of restricted cash by a subsidiary [11][23]. Future Outlook - The company forecasts net profits of 724 million yuan, 833 million yuan, and 913 million yuan for 2024, 2025, and 2026, respectively, with corresponding price-to-earnings ratios of 22x, 19x, and 17x [23][26].

Financial Performance - In Q1 2024, the net profit attributable to shareholders was RMB 192,591,999.31, a decrease of 7.1% compared to RMB 208,729,930.44 in Q1 2023[15] - The total comprehensive income for Q1 2024 was RMB 230,912,576.86, compared to RMB 367,678,811.02 in Q1 2023[15] - The company's operating revenue for Q1 2024 was CNY 8,829,222,655.06, a decrease of 6.99% compared to CNY 9,486,840,567.09 in the same period last year[23] - Net profit attributable to shareholders for Q1 2024 was CNY 192,591,999.31, down 7.73% from CNY 211,574,472.21 in Q1 2023[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 161,560,083.54, reflecting a decline of 16.17% compared to the previous year[23] - The net profit for Q1 2024 was CNY 22,536,992.46, compared to CNY 20,763,777.73 in Q1 2023, indicating an increase of 8.6%[51] - The basic earnings per share for Q1 2024 was CNY 0.11, a decrease of 8.33% from CNY 0.12 in Q1 2023[59] - The company reported a net profit margin of approximately 4.95% for Q1 2024, down from 5.00% in Q1 2023[70] Assets and Liabilities - The company's total assets as of March 31, 2024, amounted to RMB 25,645,184,702.18, slightly down from RMB 25,784,575,684.86 at the end of 2023[11] - Total assets as of March 31, 2024, amounted to CNY 27,613,733,988.44, down from CNY 28,406,823,885.71 at the end of 2023[18] - The company's total liabilities increased, with short-term borrowings rising to CNY 650,261,666.66 from CNY 250,183,333.33[18] - The total liabilities amounted to 35,625,044,289.11 RMB, a decrease from 36,646,305,944.39 RMB in the previous period[33] - The company reported a total of 10,761,010,623.29 RMB in non-current liabilities, down from 10,979,964,906.40 RMB[33] - The company's total liabilities decreased to CNY 8,664,172,063.38 from CNY 9,417,297,135.57 in the previous year[49] Cash Flow - The cash flow from operating activities decreased by 70.09% to RMB 293,454,878.47, primarily due to the recovery of restricted cash in the same period last year[6] - The net cash flow from operating activities for Q1 2024 was CNY 875,029,430.47, a significant drop of 70.09% from CNY 2,934,018,062.24 in Q1 2023[23] - The net cash flow from operating activities for Q1 2024 was -18,788,883.94 RMB, compared to -16,403,869.93 RMB in Q1 2023[42] - Cash inflow from operating activities totaled 69,439,783.25 RMB, down from 79,997,886.15 RMB in the previous year[42] - The company incurred a net cash outflow from investing activities of CNY 562,226,965.75 in Q1 2024[17] - The net cash flow from investing activities was -CNY 47,136,845.02, a significant decline from CNY 14,430,583.64 in the previous year[49] - The net cash flow from financing activities was CNY 326,731,632.22, down from CNY 414,082,828.63 in the same period last year[49] Shareholder Information - Total number of common shareholders at the end of the reporting period was 83,248[27] - The largest shareholder, Bailian Group Co., Ltd., holds 849,631,332 shares, accounting for 47.62% of total shares[27] - The number of shares held by the top ten shareholders reflects a concentration of ownership, with the top three shareholders holding over 53% of total shares[27] Research and Development - The company's research and development expenses decreased by 57.88% year-on-year, attributed to reduced spending on e-commerce projects by its subsidiary[6] - The company reported a decrease in research and development expenses to ¥2,084,505.48 in Q1 2024 from ¥4,949,069.33 in Q1 2023, indicating a focus on cost management[70] Investment Activities - The company received 24,500,000.00 RMB in investment income during the reporting period[42] - The company reported a significant increase in investment income to CNY 8,802,028.30 from CNY 3,889,460.04 in the previous year[51] Financing Activities - The company issued a short-term financing bond totaling RMB 250 million with a coupon rate of 2.37% on January 24, 2024[9] - Short-term borrowings increased significantly to ¥1,117,117,768.86 from ¥743,862,120.18, reflecting a potential increase in leverage[67] Operating Costs - Total operating costs for Q1 2024 were ¥8,460,149,437.71, down 6.6% from ¥9,063,795,154.55 in Q1 2023[70] - Operating profit for Q1 2024 was ¥437,523,995.96, a decline of 8.1% from ¥476,017,435.40 in Q1 2023[70]

股票简称：百联股份 百联 B 股 证券代码： 600827 900923 编号：临 2024-026 上海百联集团股份有限公司 2024 年第一季度经营数据公告 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。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露：第四号 ——零售》的要求，现将公司 2024 年第一季度主要经营数据披露如下： | 地区 | 业态 | 报告期内新开门店 | | 报告期内关闭门店 | | | --- | --- | --- | --- | --- | --- | | | | 数量 | 经营面积 | 数量 | 经营面积 | | | | | （平方米） | | （平方米） | | 华东地区 | 超级市场 | 53 | 16,349.50 | 29 | 7,525.00 | | | 便利店 | 5 | 329.24 | 33 | 1,772.30 | | | 小计 | 58 | 16,678.74 | 62 | 9,297.30 | | 华北地区 | 便利店 | - | - | 1 | 38 ...

Investment Rating - The report maintains a "Buy" rating for the company [8][26]. Core Views - The company achieved a turnaround in its net profit excluding non-recurring items, with a net profit of 194 million yuan in 2023, compared to a loss in the previous year. The overall revenue for 2023 was 30.519 billion yuan, a decrease of 5.47% year-on-year [1][10]. - The company's core business segments, particularly the outlet business, showed strong performance, with revenue growth rates of 41.50% for outlets, 23.70% for shopping centers, and 11.11% for department stores in 2023. The company plans to continue expanding its outlet business as a primary growth strategy [1][15][66]. - The company is actively exploring REITs to revitalize its existing assets, with a recent announcement to apply for public REITs for its wholly-owned Shanghai shopping center [1][61][57]. Summary by Sections Financial Performance - In 2023, the company reported a net profit of 399 million yuan, down 40.79% year-on-year, while the net profit excluding non-recurring items was 194 million yuan, marking a recovery [1][2]. - The gross profit margin improved by 1.61 percentage points year-on-year, benefiting from the rapid recovery of the department store sector post-pandemic [20][10]. Business Segments - Supermarkets contributed approximately 78% of total revenue, while the department store segment contributed 114% of net profit, indicating a strong profitability from this segment despite the overall revenue decline [7][28]. - The outlet business, which is a key focus for future growth, achieved significant revenue growth and is expected to continue expanding [15][66]. Future Outlook - The company has adjusted its profit forecasts for 2024-2025 to 724 million yuan and 833 million yuan, respectively, reflecting a cautious outlook due to ongoing challenges in the supermarket segment [1][2]. - The company aims to leverage its strong location advantages and explore innovative retail formats to attract younger consumers and enhance customer experience [53][66].