Investment Rating - The report maintains a "Buy" rating for the company [4][35]. Core Insights - The company reported a revenue decrease of 5.47% year-on-year for 2023, with a net profit attributable to shareholders declining by 40.79% [2][33]. - The overall gross profit margin for 2023 was 26.54%, an increase of 1.58 percentage points year-on-year, although the gross profit margin for Q4 2023 was 26.60%, down 2.72 percentage points year-on-year [3][21]. - The company has adjusted its earnings forecast downward, reflecting increased competition in the industry, but it retains a strong competitive position in regions like Shanghai [35]. Revenue and Profit Analysis - The total revenue for 2023 was 305.19 billion yuan, with a net profit of 3.99 billion yuan, translating to a fully diluted EPS of 0.22 yuan [33]. - The company’s revenue for Q4 2023 was 69.60 billion yuan, a decrease of 3.06% year-on-year, with a net profit of 0.55 billion yuan, resulting in a fully diluted EPS of 0.03 yuan, down 93.63% year-on-year [33][39]. - The company’s operating income by region shows a total of 29.64 billion yuan, with a gross margin of 24.42%, reflecting a year-on-year decrease of 5.68% in revenue but an increase of 1.45 percentage points in gross margin [6][27]. Expense Management - The company’s expense ratio for 2023 was 23.87%, a decrease of 0.26 percentage points year-on-year, with specific rates for sales, management, financial, and R&D expenses reported [34]. - In Q4 2023, the expense ratio was 26.06%, also showing a year-on-year decrease of 0.37 percentage points [34]. Strategic Developments - The company has successfully opened the Bai Lian West Suburb Shopping Center, marking its first "commercial + community" space product, which has undergone comprehensive upgrades [22][14]. - The company is actively pursuing REITs projects, with the Shanghai Youyi City Shopping Center public REITs project approved and submitted to regulatory authorities [22][14].

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Corporate Governance and Compliance - The integrity status of the company and its controlling shareholders remains good during the reporting period[5]. - There are no significant lawsuits or arbitration matters reported for the year[5]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[10]. - There were no violations regarding guarantees during the reporting period[10]. - The company has not encountered any significant accounting errors that require correction during the reporting period[12]. - The company has maintained transparency in information disclosure, ensuring that reports are truthful, accurate, complete, timely, and fair[185]. - The board of directors consists of members who fulfill their duties diligently and independently, with no conflicts of interest reported[185]. - The company respects the rights of stakeholders, including banks, creditors, employees, customers, and suppliers, promoting sustainable development[185]. - The company has implemented measures to prevent risks and ensure stable operations in response to external market conditions[185]. - The total number of shares held by directors and supervisors at the end of the reporting period was 7,000 shares[189]. Financial Performance - Basic earnings per share for 2023 is CNY 0.22, a decrease of 42.11% compared to CNY 0.38 in 2022[45]. - Diluted earnings per share for 2023 is CNY 0.22, reflecting a 42.11% decline from CNY 0.38 in the previous year[45]. - The weighted average return on net assets for 2023 is 2.26%, down by 1.61 percentage points from 3.87% in 2022[45]. - The net profit attributable to shareholders decreased due to asset sales and securitization activities in the previous year[46]. - The net profit excluding non-recurring gains and losses increased, driven by the overall recovery of the consumption environment in 2023[46]. - The company's operating revenue for the period was approximately ¥30.52 billion, a decrease of 5.47% compared to ¥32.29 billion in the previous year[82]. - The company's operating costs were approximately ¥22.42 billion, down 7.46% from ¥24.23 billion year-on-year[82]. - The net cash flow from operating activities increased by 6.46% to approximately ¥3.62 billion, compared to ¥3.40 billion in the previous year[82]. - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, with a loss of CNY 82.90 million in Q4 2023[47]. - The company faced a non-recurring loss of CNY 91.08 million due to one-time expenses related to business discontinuation[48]. - The company reported a total investment cost of approximately ¥455.17 million and a year-end book value of ¥2.94 billion[175]. - The net profit of Lianhua Supermarket Co., Ltd. was approximately -¥709.19 million, indicating significant losses in the retail sector[177]. Strategic Initiatives and Market Position - The company intends to engage in third-party payment services, with Bailian Group agreeing to inject Bailian E-commerce Co., Ltd. into the listed company after the completion of the major asset restructuring to avoid competition[4]. - After the major asset restructuring, Bailian Group will grant Lianhua Supermarket an irrevocable right of first refusal for the acquisition of Hualian Jimaisong, ensuring no competition issues arise[4]. - 百联集团 committed to avoiding substantial competition with the company and its subsidiaries after the completion of a major asset restructuring[8]. - The company is focusing on business development and future profit distribution, with no plans for capital reserve conversion into share capital this period[52]. - The company plans to issue public REITs based on the Shanghai Youyi City Shopping Center project, with application materials submitted to regulatory authorities in January 2024[93]. - The company is actively pursuing public REITs initiatives to enhance the efficiency of state-owned capital[76]. - The company aims to enhance its operational efficiency by focusing on brand, digital, and professional development strategies[100]. - The company plans to continue expanding its market presence through strategic investments and acquisitions in the retail sector[150]. - The company is committed to exploring green operations and circular economy initiatives to promote harmonious coexistence of economy, society, and environment[179]. Community Engagement and Social Responsibility - Total social responsibility investment amounted to CNY 20.63 million, with CNY 18.30 million in cash donations[22]. - The company invested CNY 46 million in poverty alleviation and rural revitalization projects, including CNY 10 million in direct donations[23]. - The company achieved total sales of CNY 85.602 million from agricultural product assistance in 2023[23]. - The company is focusing on building a "15-minute convenient living circle" model, enhancing community engagement and customer experience[76]. - The rise of community economies is expected to enhance convenience and immediacy in consumer needs, with rapid growth in community group buying and fresh e-commerce[179]. Operational Developments - The company launched 7 brand new products at the China International Import Expo, showcasing its commitment to innovation and market expansion[76]. - The company has established 131 JBP brand partnerships, focusing on high-quality international brands and enhancing its supply chain[76]. - The company reported a significant increase in sales in the outlet segment, with revenue reaching approximately ¥1.37 billion, a 41.50% increase year-on-year[83]. - The company is adjusting its store operations in response to market changes and lease expirations[165]. - The company opened several new stores in 2023, including the Wu Liangcai store in Baoshan with an area of 44.59 square meters and the Maochang store in Pudong with an area of 141.63 square meters[120]. - The company has expanded its retail presence with new stores in various locations, including the Hongqiao area and Yangpu, with areas ranging from 72 to 103 square meters[121][122]. Audit and Financial Management - The internal control audit firm is Lixin Certified Public Accountants, with an audit fee of CNY 70,000[22]. - The company has appointed Lixin Certified Public Accountants for financial and internal control audits for the 2023 fiscal year[22]. - The company approved the capital increase proposal for Bailian Group Financial Co., Ltd. during the 9th Board of Directors' 17th meeting on March 20, 2023[197]. - The company reviewed the 2022 annual work summary and the 2023 annual work plan during the 9th Board of Directors' 18th meeting on April 17, 2023[197]. - The company approved the Q1 2023 report during the 9th Board of Directors' 19th meeting on April 27, 2023[197]. - The company approved the proposal for the 2022 annual shareholders' meeting during the 9th Board of Directors' 20th meeting on May 31, 2023[197]. - The company approved the appointment of the Chief Financial Officer and Board Secretary during the 9th Board of Directors' 21st meeting on June 9, 2023[197]. - The company approved the proposal for public REITs project application during the 9th Board of Directors' 22nd meeting on July 12, 2023[197]. - The company approved the acquisition of 81% equity in Shanghai Bailian Fashion Brand Management Co., Ltd. during the 9th Board of Directors' 23rd meeting on August 14, 2023[197]. - The company reviewed the 2023 mid-year work summary and the second half of 2023 work plan during the 9th Board of Directors' 24th meeting on August 29, 2023[197].

报告导读 本报告是上海百联集团股份有限 公司（以下简称"百联股份""公 司""我们"）对外公开发布的 第一份环境、社会及治理报告（以 下简称"本报告"或"ESG 报告"）， 在发布本报告之前，公司已连续 发布八份社会责任报告。本报告 旨在以透明公开的方式披露公司 在环境、社会及治理方面的投入 和绩效表现，以回应各利益相关 方对于公司可持续发展的关注和 期望。 报告范围及边界 本报告为年度报告，涉及时间范围为 2023 年 1 月 1 日至 2023 年 12 月 31 日，为增强报告可比性及前瞻性， 部分内容往前后年度适度延伸。涉及组织范围为百联 股份总部、成员企业和控股子公司。 报告编制依据 国务院国资委 关于国有企业更好履行社会责任的指导意见》 上海市国资委 关于本市国有企业更好履行社会责任的若干意见》 上海市国资委 上海市国有控股上市公司 ESG 指标体系（1.0 版）》 上海证券交易所 上市公司自律监管指引第 1 号——规范运作》 中国社会科学院 中国企业社会责任报告指南（CASS-ESG 5.0）》 联合国可持续发展目标（SDGs） 全球可持续发展标准委员会 可持续发展报告标准》（GRI Stand ...

上海百联集团股份有限公司 内部控制审计报告 二〇二三年度 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn） 报告编码:沪24J1 800点，11月21日本最新版所示 nd your latest of the first and the first and the first and the may be the states of the station CD 中国建筑面设计 行业及 st,我们要有"了太郎"这些情绪的 《教育大师》《《《》》《》《《》》《《》》《《》》《《》 rently and and the became and a can a 信会师报字[2024]第 ZA10889 号 上海百联集团股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求,我们审计了上海百联集团股份有限公司(以下简称百联股份) 2023年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企 业内部控制评价指引》的规定,建立健全和有效实施内部控制,并 ...

1、 专项审计报告 2、 附表 委托单位：上海百联集团股份有限公司 审计单位：立信会计师事务所（特殊普通合伙） 联系电话：021-23280000 工信会计师事务所(特殊普通合伙) o china shu lun pan certified public accountants 关于上海百联集团股份有限公司 非经营性资金占用及其他关联资金往来情况 的专项报告 关于上海百联集团股份有限公司 非经营性资金占用及其他关联资金往来情况 汇总表的专项审计报告 目 录 信会师报字[2024]第 ZA10890 号 上海百联集团股份有限公司全体股东: 我们审计了上海百联集团股份有限公司(以下简称"百联股份")2023 年度的财务报表,包括 2023年12月 31日的合并及母公司资产负债表、 2023 年度合并及母公司利润表、合并及母公司现金流量表、合并及母公 司所有者权益变动表和相关财务报表附注,并于 2024年4月11日出具 了报告号为信会师报字[2024]第 ZA10888 号的无保留意见审计报告。 百联股份管理层根据中国证券监督管理委员会《上市公司监管指引 第 8 号 -- 上市公司资金往来、对外担保的监管要求》(证 ...

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： 拟聘任的会计师事务所名称：立信会计师事务所（特殊普通合伙） 2024 年 4 月 11 日，上海百联集团股份有限公司（以下简称"公司"）第九 届董事会第三十三次会议审议通过了《关于续聘会计师事务所进行 2024 年度财 务审计的议案》，同意续聘立信会计师事务所（特殊普通合伙）为公司 2024 年度 财务审计会计师事务所。具体情况如下： 一、拟聘任会计师事务所的基本情况 股票简称：百联股份 百联 B 股 证券代码：600827 900923 编号：临 2024-015 上海百联集团股份有限公司 关于续聘 2024 年度财务审计会计师事务所的公告 （一）机构信息 1、基本信息 立信会计师事务所（特殊普通合伙）（以下简称"立信"）由我国会计泰斗潘 序伦博士于 1927 年在上海创建，1986 年复办，2010 年成为全国首家完成改制的 特殊普通合伙制会计师事务所，注册地址为上海市，首席合伙人为朱建弟先生。 立信是国际会计网络 BDO 的成员所，长期从事证券服务业务，新证 ...

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股票简称：百联股份 百联 B 股 证券代码： 600827 900923 编号：2024-011 上海百联集团股份有限公司 关于开展保函池业务的进展公告 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 公司控股子公司南京汤山百联奥特莱斯商业有限公司（以下简称"南京奥莱"）与 耐克商业（中国）有限公司签订了《联销商户付款协议》，为履行合同约定，南京奥莱 向招商银行股份有限公司上海分行申请开具保函，保函金额为 1000 万元整。公司为南 京奥莱向银行申请开具的保函按持股比例 75%承担连带责任担保，即 750 万元。 （二）审议程序 公司于 2023 年 4 月 17 日召开的第九届董事会第十八次会议及 2023 年 6 月 21 日 召开的 2022 年年度股东大会审议通过了《关于申请开立保函池业务的议案》：保函池 额度为不超过人民币 2 亿元。其中，为资产负债率超过 70%的子公司提供的保函额度不 超过人民币 1 亿元，为资产负债率低于 70%的子公司提供的保函额度不超过人民币 1 亿元。具体详见公司于 202 ...

独立董事 2023 年度述职报告 上海百联集团股份有限公司独立董事 2023 年度沐职报告 根据《中华人民共和国公司法》《上市公司治理准则》《上海证券交易所股票上市 规则》等法律、行政法规和《公司章程》的相关规定,作为上海百联集团股份有限公司 的独立董事,我认真履行独立董事职责,为维护全体股东合法权益发挥了积极的作用。 现将2023年度独立董事工作情况述职如下: 一、独立董事基本情况 本人朱洪超:现任上海百联集团股份有限公司独立董事,上海市联合律师事务所高 级合伙人,中国国际经济贸易仲载委员会仲裁员、上海国际经济贸易仲裁委员会(上海 国际仲裁中心)仲裁员、上海仲裁委员会仲裁员;上海法学会诉讼法研究会副会长、上 海经贸商事调解中心调解员;上海大学法学院、华东政法大学、上海政法学院兼职教授。 兼任光明房地产集团股份有限公司、上海建科集团股份有限公司独立董事。 我严格遵守法律法规和《公司章程》等有关规定,未在公司担任除独立董事以外的 任何职务,也未在公司主要股东担任任何职务,与公司及公司主要股东或有利害关系的, 机构和人员不存在妨碍本人进行独立客观判断的关系。本人与公司之间不存在交易关系、 亲属关系,不存在影响独立 ...