Financial Performance - The total revenue for the company reached approximately 31.83 billion RMB, with a net loss of about 7.56 billion RMB during the reporting period[75]. - The company reported a significant increase in user data, with a total of 24.27 billion RMB in user-related revenue[75]. - Total operating revenue for the first half of 2023 reached ¥1,763,235,181.39, an increase from ¥1,694,124,430.19 in the same period of 2022, representing a growth of approximately 4.1%[92]. - The total comprehensive income for the period was reported at ¥5,312,396.71, compared to ¥147,755,902.73 in the previous period, indicating a significant decrease[107]. - The total owner's equity at the end of the period is CNY 2,980,588,686.80, with a decrease of CNY 296,548,332.64 during the current period[110]. Investments and Projects - The company has invested approximately RMB 426 million in the construction of the Maoye Times Square project, which is expected to take 20 months to complete[6]. - The company has a total investment of RMB 1.04 billion in the Tianfu No.1 project, which is currently under construction[7]. - The company approved the use of idle funds to purchase low-risk bank wealth management products, with a maximum balance of RMB 1 billion and a yield of RMB 35,550[3]. Retail Sales - The online retail sales for the reporting period amounted to RMB 145.59 million, accounting for approximately 11.68% of total retail sales, while offline retail sales reached RMB 1.10 billion, representing about 88.32%[20]. Compensation and Liabilities - The company received a compensation of RMB 395 million for the demolition of properties related to the North Railway Station project[10]. - The company has received a total of RMB 395 million in demolition compensation as of the reporting period[10]. - The company’s total liabilities reached approximately 12.33 billion RMB, with current liabilities at about 5.71 billion RMB[89]. Operational Risks and Strategies - The company is facing risks from intensified industry competition, which may impact operating costs and profit margins[14]. - The company is focusing on market expansion and new product development as part of its strategic initiatives[75]. - The company’s management is committed to improving operational efficiency and reducing losses in the upcoming quarters[75]. Related Party Transactions and Restructuring - The company ensures that after the completion of the restructuring, it will maintain independent financial operations and establish a separate financial department[44]. - The company commits to reducing and regulating related party transactions with the target company and its controlled entities after the restructuring is completed[44]. - The company guarantees that it will not engage in any activities that may harm the interests of the target company and its controlled entities within the operational area[44]. - The company will prioritize recommending similar business opportunities to the target company and its controlled entities[44]. - The company will operate independently in terms of financial decision-making and will not interfere with the financial operations of the target company[44]. - The company will ensure compliance with relevant laws and regulations regarding related party transactions and will conduct them at fair market prices[44]. Financial Statements and Accounting Policies - The company’s financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[114]. - The company’s accounting policies include the recognition of foreign currency transactions at the spot exchange rate on the transaction date[117]. - The company’s financial reporting period is based on a 12-month operating cycle[114]. - The group includes all controlled subsidiaries and structured entities in the consolidated financial statements[136]. Lease Agreements and Expenses - The company signed a lease agreement for a total area of 26,757.46 square meters at 旺角购物广场 with an annual rent of 19.0494 million yuan, effective from April 1, 2015, to December 31, 2033[68]. - The company entered into a lease for 10,507.16 square meters at 兴华大厦 with an annual rent of 7.5652 million yuan, effective from January 1, 2019, to December 31, 2033[68]. - The total amount involved in the related transaction is expected to not exceed 30 million yuan, including a deposit[49]. - The company has incurred service fees of 229,960 RMB from the sales agency agreement in the first half of 2023[69]. Inventory and Asset Management - Inventory is primarily composed of raw materials, finished goods, packaging materials, and development costs[143]. - The company uses the weighted average method for inventory valuation upon issuance[143]. - The net realizable value of inventory is determined based on estimated selling prices minus estimated costs to complete and sell[143]. Employee Benefits and Liabilities - Short-term employee benefits include wages, bonuses, and various social insurance contributions, recognized as liabilities in the period services are provided[157]. - The company provides post-employment benefits including basic pension insurance, unemployment insurance, and annuities[186].

茂业商业股份有限公司 证券代码：600828 证券简称：茂业商业 编号：临 2023-037 号 2023 年半年度经营情况简报 特别提示：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个别及连带责 任。 根据《上市公司行业信息披露指引第四号——零售》的要求，茂业商业股份有 限公司（以下简称"公司"）现将2023年半年度主要经营数据披露如下： 一、2023年半年度门店变动情况 | | 奥特莱斯 | 1,466.56 | | 100.00 | 14.89 | | | | 1.07 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 珠海 | 百货 | 1,844.20 | | 100.00 | 9.20 | | | | 1.35 | | 呼和浩 | 百货 | 11,700.61 | 5,602.72 | 52.12 | -16.48 | -21.80 增加 | 3.26 | 个百分点 | 8.55 | | 特 | 购物中心 | 18,209.74 | 2,74 ...

茂业商业股份有限公司 第十届董事会第十二次会议决议公告 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个别及连带 责任。 证券代码：600828 证券简称：茂业商业 编号：临 2023-036 号 茂业商业股份有限公司 董 事 会 茂业商业股份有限公司（以下简称"公司"或"本公司"）第十 届董事会第十二次会议于 2023 年 8 月 17 日以现场结合通讯方式召 开。本次会议应参与表决董事 9 人，实际参与表决董事 9 人。会议召 开符合《公司法》和《公司章程》的要求。会议由董事长高宏彪先生 主持，以记名投票方式表决，形成了如下决议： 一、审议通过了《关于公司 2023 年半年度报告全文及摘要的议 案》。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 《公司2023年半年度报告全文及摘要》已于同日刊登于上海证券 交易所网站。 二、审议通过了《关于聘任公司证券事务代表的议案》。 同意聘任许丽女士为公司证券事务代表，任期自本次董事会聘任 通过之日起至本届董事会届满（许丽女士简历及联系方式见附件）。 1 表决结果：同意 9 票，反对 ...

| 持股数量 | 1,401,135,188 股 | | --- | --- | | 持股比例 | 80.90% | | 剩余被质押股份数量 | 170,000,000 股 | | 剩余被质押股份数量占其所持股份比例 | 12.13% | | 剩余被质押股份数量占茂业商业总股本比例 | 9.82% | 证券代码：600828 证券简称：茂业商业 公告编号：临 2023-035 号 茂业商业股份有限公司 关于控股股东部分股份解除质押的公告 特别提示：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个别及连 带责任。 重要内容提示： ● 茂业商业股份有限公司（以下简称"茂业商业"、"公司"） 控股股东深圳茂业商厦有限公司（以下简称"茂业商厦"）直接 持有公司股份1,401,135,188股，占公司总股份比例为80.90%。茂 业商厦持有公司股份累计质押数量（本次解押后）为170,000,000 股，占其所持有公司股份总额的12.13%，占公司总股本的9.82%。 一、本次股份解除质押基本情况 2023 年 8 月 14 日，公司接控股股东茂业 ...

证券代码：600828 证券简称：茂业商业 公告编号：临 2023-026 号 http://roadshow.sseinfo.com/） 茂业商业股份有限公司（以下简称"公司"）已于 2023 年 3 月 25 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解 公司 2022 年度经营成果、财务状况，公司计划于 2023 年 06 月 06 日 上午 11:00-12:00 举行 2022 年度业绩说明会，就投资者关心的问题 进行交流。 一、说明会类型 会议召开时间：2023 年 06 月 06 日(星期二) 上午 11:00-12:00 会议召开地点：上海证券交易所上证路演中心（网址： 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个别及连带责任。 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 30 日(星期二) 至 06 月 05 日(星期 一)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 csjt600828@126.com 进行提问。公司将在说明会上对 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 942,297,846.71, representing a year-on-year increase of 9.14%[6] - The net profit attributable to shareholders for Q1 2023 was CNY 106,146,545.33, a significant increase of 158.31% compared to the same period last year[6] - The basic earnings per share for Q1 2023 was CNY 0.0613, reflecting an increase of 158.65% year-on-year[7] - The total comprehensive income for the first quarter of 2023 was CNY 113,977,026, compared to CNY 59,978,487 in the same period of 2022, representing an increase of approximately 90%[28] - Basic and diluted earnings per share for Q1 2023 were CNY 0.0613, up from CNY 0.0237 in Q1 2022, indicating a growth of 158%[28] - Net profit for Q1 2023 was CNY 105,146,786.19, a significant increase of 171.5% compared to CNY 38,746,743.05 in Q1 2022[27] Cash Flow - The net cash flow from operating activities for Q1 2023 was CNY 318,825,526.24, up by 43.78% from the previous year[6] - Cash flow from operating activities generated a net cash inflow of CNY 318,825,526.24, compared to CNY 221,752,705.48 in the previous year, reflecting a year-over-year increase of 44%[31] - Cash inflow from operating activities totaled CNY 2,063,448,093.10, while cash outflow was CNY 1,744,622,566.86, resulting in a net cash flow from operations[30] - Investment activities generated a net cash inflow of CNY 214,500,699.72, slightly up from CNY 203,238,305.72 in the same quarter of 2022[31] - Cash flow from financing activities resulted in a net outflow of CNY 479,029,612.15, an improvement from a net outflow of CNY 744,725,413.47 in Q1 2022[31] - The ending balance of cash and cash equivalents increased to CNY 474,828,608.01 from CNY 284,688,084.21 year-over-year[32] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 20,163,608,794.78, a decrease of 1.67% from the end of the previous year[7] - The company's total assets amounted to CNY 20,163,608,794.78, a decrease from CNY 20,505,850,939.60 at the end of the previous quarter[25] - Total liabilities decreased to CNY 12,339,394,547.02 from CNY 12,795,613,717.81, reflecting a reduction of 3.6%[24] - The company's long-term investments totaled CNY 282,405,695.12, slightly down from CNY 283,890,557.08 in the previous quarter[25] Shareholder Information - The company had a total of 19,700 common shareholders at the end of the reporting period[13] - The top shareholder, Shenzhen Maoye Commercial Co., Ltd., held 80.90% of the shares, amounting to 1,401,135,188 shares[14] Related Party Transactions - The company plans to establish a wholly-owned subsidiary, Chengdu Shuangliu Maoye Times Commercial Management Co., Ltd., with a registered capital of RMB 100,000, focusing on enterprise management, retail, and consulting services[16] - The company has approved related party transactions for property management contracts with an estimated total amount not exceeding RMB 7 million[16] - The company will pay a maximum of RMB 22.3 million for the use of retail-related business and financial software from its controlling shareholder, Shenzhen Maoye Department Store Co., Ltd.[18] - The company plans to engage in related party transactions estimated to total no more than RMB 180 million to enhance online and offline business integration[19] - The company has approved related party transactions for elevator maintenance contracts with an estimated total amount not exceeding RMB 6 million[20] Financial Assets - The company reported a total of RMB 25,664,013.45 in trading financial assets as of March 31, 2023, compared to RMB 25,302,623.36 as of December 31, 2022[22]

证券代码：600828 证券简称：茂业商业 编号：临 2023-021 号 茂业商业股份有限公司 一、2023年第一季度门店变动情况 单位： 万元 报告期内，公司新增双流时代广场店，双流时代广场店于 2023年1月1日开业， 建筑面积2.95万平方米，门店物业权属为自有，地址位于成都市双流区西航港街道 黄河中路二段199号。 截止本报告披露日，公司拥有各业态零售门店合计23家。 二、2023年第一季度主要经营数据 2023 年第一季度经营情况简报 特别提示：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个别及连带责 任。 根据《上市公司行业信息披露指引第四号——零售》的要求，茂业商业股份有 限公司（以下简称"公司"）现将2023年第一季度主要经营数据披露如下： 二〇二三年四月二十八日 | | | | | | 营业收 | 营业成 | 毛利率 | 占总 营业 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 地区 | 业态 | 主营业务收入 | 主营业务成本 | 毛利率 ...

Financial Performance - The basic earnings per share for 2022 was CNY 0.1973, a decrease of 16.54% compared to CNY 0.2364 in 2021[8] - The diluted earnings per share for 2022 also stood at CNY 0.1973, reflecting the same percentage decrease as the basic earnings per share[8] - The company's net profit attributable to shareholders decreased by 92.69% due to a decline in operating income, influenced by factors such as the pandemic and extreme weather conditions[48] - The net profit attributable to shareholders was CNY 34,178.71 million, down 16.51% year-on-year, while the net profit after deducting non-recurring gains and losses dropped by 92.69% to CNY 2,456.59 million[87] - The company's operating revenue for 2022 was CNY 3,409,351,272.11, a decrease of 18.20% compared to CNY 4,167,802,067.56 in 2021[125] - Total operating revenue for the period was approximately ¥3.41 billion, a decrease from ¥4.17 billion in the previous period, representing a decline of about 18.2%[189] - Net profit for the period was approximately ¥333.31 million, compared to ¥419.18 million in the previous period, indicating a decrease of about 20.5%[189] Cash Flow - The net cash flow from operating activities decreased by 47.61%, primarily due to a decline in sales revenue leading to reduced cash received from goods sold and services provided[9] - The net cash flow from operating activities decreased by 47.61%, amounting to CNY 682,109,467.27 compared to CNY 1,301,868,514.11 in 2021[125] - The net cash flow from investing activities increased significantly by 330.73%, reaching CNY 468,753,367.08 compared to -CNY 203,162,217.62 in the previous year[106] - The net cash flow from financing activities showed a decrease of 38.42%, amounting to -CNY 1,334,753,326.63 compared to -CNY 964,302,595.66 in 2021[106] Revenue and Sales - The total revenue for the reporting period was CNY 2,191.21 million, a decrease from CNY 2,862.24 million in the previous year, indicating a decline in sales[184] - The retail sales of consumer goods in 2022 totaled RMB 43.97 trillion, with a nominal year-on-year decline of 0.2%[31] - The company's online retail sales amounted to RMB 374.29 million, accounting for approximately 17.02% of total department store sales[57] - Offline department store retail sales reached CNY 1,816.91 million, representing about 82.92% of total department store retail sales[185] - The sales growth rate for the Chengdu store was -24.55%, with a revenue of CNY 306.47 million[184] - The Shenzhen store reported a revenue of CNY 1,075.77 million, reflecting a decrease of -18.45% compared to the previous year[184] - The Huhehaote store's revenue was CNY 507.82 million, showing a decline of -30.16% year-on-year[184] Strategic Initiatives - The company plans to deepen reforms and enhance internal capabilities as part of its strategic initiatives[26] - The company is focusing on market expansion and new strategies to improve its financial performance moving forward[26] - The company plans to enhance its core competitiveness by optimizing product mix and increasing the proportion of high-margin products, such as international cosmetics[59] - The company aims to strengthen online and offline integration to improve sales efficiency and customer experience[36] - The company is committed to continuous digital transformation and multi-channel business expansion to adapt to changing market trends[56] - The company plans to invest approximately CNY 426 million in the construction of the Maoye Times Square project, which is expected to take 20 months to complete[186] Assets and Liabilities - The total assets of the company as of December 31, 2022, were RMB 2,050.59 million, with total liabilities of RMB 1,279.56 million and shareholders' equity of RMB 771.02 million[38] - The company's total assets at the end of 2022 were CNY 20,505,850,939.60, a decrease of 4.06% from CNY 21,372,519,370.18 at the end of 2021[125] - The net assets attributable to shareholders increased by 1.37% to CNY 7,161,808,235.23 from CNY 7,065,071,824.89 in the previous year[125] Operational Efficiency - The company disposed of non-core assets to improve overall operational efficiency and focus on core business, which is expected to enhance future business growth[31] - The company reported a significant increase in non-recurring gains from the disposal of non-current assets, amounting to CNY 73,825,894.02 in 2022[21] - The gross profit margin for the department store retail segment decreased by 2.84 percentage points to 49.50%, with revenue declining by 23.44%[89] - The company reported a significant decline in the weighted average return on net assets, dropping to 4.80% from 6.16% in the previous year[126] Supplier Relationships - The company reported a significant reliance on a few suppliers, with the top five suppliers accounting for 71.79% of total purchases[97] - The company aims to develop a nationwide unified cooperation with suppliers, transitioning from regional partnerships[85] - The company is focusing on enhancing partnerships with suppliers and expanding its brand recognition and reputation[85] Membership and Customer Engagement - The membership management system "MaoYueHui" served about 4.06 million members, with member retail sales reaching RMB 770.79 million, representing about 35.06% of total department store sales[57] - The company is enhancing its online service levels and efficiency for members, focusing on quality assurance and logistics to improve overall customer satisfaction[133] - The total number of various membership data and their sales contribution was not specified but is part of the company's strategic focus[185]

Financial Performance - The company's operating revenue for Q3 2022 was ¥608,356,643.73, a decrease of 31.29% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was -¥62,798,689.38, representing a decline of 241.80% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥62,859,850.51, down 242.62% from the previous year[7]. - The basic and diluted earnings per share for Q3 2022 were both -¥0.0363, a decrease of 241.96% compared to the same period last year[9]. - Total operating revenue for the first three quarters of 2022 was CNY 2,302,481,073.92, down from CNY 3,099,666,437.16 in the same period of 2021, representing a decrease of approximately 25.7%[33]. - Net profit for the third quarter of 2022 was CNY 72,413,517.44, significantly lower than CNY 372,024,549.62 in the same quarter of 2021, indicating a decline of approximately 80.5%[36]. - The total comprehensive income for the third quarter of 2022 is CNY 98,557,166.84, a decrease from CNY 334,293,476.94 in the same quarter of 2021, representing a decline of approximately 70.5%[38]. - The total comprehensive income attributable to the parent company for the first three quarters of 2022 is CNY 104,518,147.79, a decrease from CNY 324,121,189.68 in the same period of 2021, representing a decline of approximately 67.7%[38]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥20,258,441,187.10, reflecting a decrease of 5.21% from the end of the previous year[9]. - The equity attributable to shareholders at the end of Q3 2022 was ¥6,910,390,090.79, down 2.19% from the previous year[9]. - The total liabilities as of the end of the reporting period amounted to CNY 12,797,032,369.48, down from CNY 13,750,467,837.51 in the previous period, a reduction of about 6.9%[33]. - The total assets were reported at CNY 20,258,441,187.10, down from CNY 21,372,519,370.18, reflecting a decrease of about 5.2%[33]. - The total non-current assets decreased to RMB 18,138,244,683.02 from RMB 18,617,144,549.80[28]. - The total equity attributable to shareholders of the parent company was CNY 6,910,390,090.79, a decrease from CNY 7,065,071,824.89, representing a decline of approximately 2.2%[33]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥387,347,830.40, an increase of 13.59% compared to the same period last year[7]. - The net cash flow generated from operating activities for the first three quarters of 2022 is CNY 387,347,830.40, compared to CNY 341,010,133.19 in the same period of 2021, indicating an increase of about 13.6%[41]. - The total cash inflow from operating activities for the first three quarters of 2022 is CNY 5,616,531,717.55, down from CNY 7,439,231,153.08 in 2021, reflecting a decrease of approximately 24.6%[41]. - The total cash outflow from operating activities for the first three quarters of 2022 is CNY 5,229,183,887.15, compared to CNY 7,098,221,019.89 in 2021, reflecting a decrease of approximately 26.4%[41]. - The cash and cash equivalents at the end of the third quarter of 2022 amount to CNY 244,354,123.74, down from CNY 438,356,051.26 at the end of the same period in 2021, a decrease of approximately 44.3%[42]. Operational Challenges - The company faced challenges due to the impact of high temperatures and power restrictions in the Sichuan-Chongqing region, as well as sporadic COVID-19 outbreaks affecting store operations[15]. - The main store in Chengdu is undergoing demolition and reconstruction, with plans for a large shopping center in the pipeline[15]. - The company has implemented measures to enhance operational quality and establish long-term strategic partnerships with suppliers[15]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,474, with the largest shareholder, Shenzhen Maoye Commercial Co., Ltd., holding 1,401,135,188 shares, representing 80.90% of the total[19]. Current Assets - As of September 30, 2022, total current assets amount to RMB 2,120,196,504.08, a decrease from RMB 2,755,374,820.38 at the end of 2021[25]. - The company's cash and cash equivalents decreased to RMB 258,254,497.10 from RMB 612,015,767.83[25]. - Accounts receivable decreased to RMB 34,253,360.42 from RMB 52,882,629.31[25]. - Inventory increased to RMB 1,097,141,956.08 from RMB 1,057,815,436.76[28]. - Short-term borrowings decreased to RMB 974,859,438.78 from RMB 1,022,673,618.84[28]. - Accounts payable decreased to RMB 1,211,647,771.69 from RMB 1,630,194,747.26[28]. Investment and Financing Activities - The net cash flow from investing activities for the first three quarters of 2022 is CNY 226,167,568.98, a significant improvement compared to a net outflow of CNY 132,600,312.79 in the same period of 2021[42]. - The net cash flow from financing activities for the first three quarters of 2022 is -CNY 973,583,762.12, worsening from -CNY 240,072,554.79 in the same period of 2021, indicating increased cash outflows[42]. - The cash inflow from investment activities in the first three quarters of 2022 is CNY 420,020,008.59, significantly higher than CNY 119,908,075.90 in the same period of 2021, indicating an increase of about 250.5%[42]. Product and Market Development - The company has not disclosed any new product or technology developments, market expansion, or mergers and acquisitions in the current reporting period[24].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,694,124,430.19, a decrease of 23.49% compared to the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥141,266,024.62, down 55.44% year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 54.83% to ¥135,501,528.06[22]. - Basic earnings per share for the first half of 2022 were ¥0.0816, a decrease of 55.41% compared to ¥0.1830 in the same period last year[22]. - The main business revenue for the reporting period was approximately 1.22 billion yuan, a decrease of 16.66% compared to the previous year[102]. - The company reported a year-on-year decline in main revenue of 16.66% and a decrease in main costs of 16.70%[108]. - The company achieved operating revenue of CNY 1,694,124,430.19, a decrease of 23.49% year-on-year[61]. - Net profit attributable to shareholders was CNY 14,126.60 million, down 55.44% compared to the previous year[61]. Cash Flow and Assets - The net cash flow from operating activities increased by 38.68% to ¥487,878,843.42, mainly due to a reduction in tax and rental payments compared to the previous year[25]. - The total assets at the end of the reporting period were ¥20,905,078,882.92, a decrease of 2.19% from the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were ¥6,952,450,364.32, down 1.59% from the previous year[22]. - The total assets of the company as of June 30, 2022, amounted to CNY 2,090,507.89 million, with total liabilities of CNY 1,339,447.13 million[64]. - The company reported a decrease in accounts receivable by 32.00% to 35,097,030.38, attributed to reduced business transactions with third-party platforms[74]. Market Challenges and Strategies - The company faced challenges due to the ongoing pandemic and a decline in sales from the Chengdu Maoye Haoyuan project, which was nearly sold out in 2021[25]. - The retail industry faced a 0.7% decline in total retail sales in the first half of 2022, with non-automotive retail sales down by 0.1%[30]. - Increased competition in the retail sector is pressuring operating costs and profit margins, necessitating innovation and adaptation to online sales channels[94]. - The company is determined to explore opportunities amid challenges posed by the pandemic, emphasizing innovation and transformation in its business strategy[54]. - The company has implemented measures to enhance operational quality and establish long-term strategic partnerships with suppliers to address the sales decline[25]. Operational Developments - The main store, Yanshiko Maoye Tiandi North District, is undergoing demolition and reconstruction, with plans for a large shopping center in development[25]. - Key projects are underway, including the reconstruction of the Chengdu Yanshikuo Maoye Tian Di North District and the Chengdu Shuangliu Maoye Times Square, aimed at boosting future growth[40]. - The company operates 22 physical retail stores, including department stores, shopping centers, and supermarkets, primarily using a self-operated and joint venture model[33]. - The company is focusing on maintaining its self-owned property strategy while managing leased properties effectively[100]. Digital Transformation and Customer Engagement - The company is committed to digital transformation, enhancing online sales through platforms like the Maolehui APP and WeChat Mini Programs, aiming to improve member satisfaction and service efficiency[38]. - The company aims to enhance customer service quality and member engagement, focusing on improving the overall shopping experience and increasing customer retention[53]. - The total number of members reached approximately 3.93 million, with active members contributing 35.56% to total retail sales, generating CNY 552.37 million[109]. Environmental and Social Responsibility - The company actively promotes environmental protection and energy-saving measures in its operations[119]. - The company is committed to achieving carbon neutrality and has implemented various energy-saving measures to reduce carbon emissions from electricity and water consumption[121]. - The company promotes the use of environmentally friendly shopping bags made from recycled paper in its stores, actively advocating for green living among customers[120]. Related Party Transactions and Financial Management - The total amount of related party transactions reached CNY 195,906,596.06, with a net decrease of CNY 81,990,412.61 during the reporting period[187]. - The company has not reported any significant impact on its operating results or financial status due to related party transactions[187]. - The company is actively managing its financial relationships with related parties to ensure liquidity and operational efficiency[187]. Restructuring Commitments - The company has made long-term commitments related to major asset restructuring, ensuring the accuracy and completeness of information provided to intermediaries[125]. - The company guarantees that all documents related to the restructuring are true and accurate, with no misleading statements or omissions[125]. - The company will ensure that the target company can independently make financial decisions and will not interfere with its fund usage post-restructuring[131].