特别声明本会议为光大证券专业机构投资者设计任何情形下会议内容不构成对任何人的投资建议参会者应当充分了解各类投资风险根据自身情况自主做出投资决策并自行承担投资风险 嘉宾发言内容仅代表嘉宾的个人观点和立场研究人员发言内容来自于以外发报告或对研报的跟踪解读观点仅代表报告发布当日的判断本会议内容的知识产权仅归光大证券所有 尊敬的各位投资者下午好我是光大嘉睿很高兴和大家今天我们邀请到红星梅凯伦的邱总和王总跟我们交流一下红星梅凯伦的最新情况 大家也知道这个地产尤其今天大家也看到了收盘以后就是其地产产业链回暖那么我们很想了解一下就是公司的恢复情况还有一个就是厦门建发入股以后投资者其实也很关心那如何赋能我们的公司未来的发展那么下面我们首先请王英杰总来跟我们交流一下这个梅凯龙的一期报以及去年年报的一个情况大家也知道那个梅凯龙是我们 国内第一的家居和建筑建材的渠道商所以我们非常有很高兴来邀请他来跟我们交流一下业绩情况有请宁洁总谢谢公关证券佳芮总然后大家好我是美卡龙的头官王宁洁接下来首先我今天会简要介绍一下公司2023年的年报以及POE的业绩的情况 首先是商场这一块商场这一块我们截至2024年的一季度末公司是经营了86家的自营商场 ...

中信证券股份有限公司 关于 红星美凯龙家居集团股份有限公司 详式权益变动报告书 之 2024 年一季度持续督导意见 财务顾问 二零二四年五月 1 财务顾问声明 建发股份、红星控股、车建兴先生于 2023 年 1 月 17 日共同签署了附生效条 件的《股份转让协议》，约定红星控股拟将其持有的美凯龙 1,304,242,436 股 A 股 股份（占公司总股本的 29.95%）以 4.82 元/股的价格转让给建发股份。 2023 年 4 月 26 日，建发股份、联发集团、红星控股、车建兴先生共同签署 了《补充协议》，标的股份受让方由建发股份变更为建发股份、联发集团；其中， 建发股份受让 1,042,958,475 股 A 股股份，占公司总股本的 23.95%，联发集团受 让 261,283,961 股 A 股股份，占公司总股本的 6.00%。 2023 年 6 月 1 日，建发股份、联发集团、红星控股、车建兴先生共同签署 了《补充协议（二）》，就股份交割安排、交割后事项进行了补充约定。 2023 年 6 月 18 日，建发股份、联发集团、红星控股、车建兴先生共同签署 了《补充协议（三）》，就原协议条款修改进行了补充 ...

红星美凯龙家居集团股份有限公司（以下简称"公司"）2024 年 4 月发生 当月公司自有商场的合计合同约定租赁租金及管理费较上月环比下滑的情形（以 下简称"本次租金下滑"），其中，2024 年 3 月和 4 月自有商场的合计合同约定 租赁租金及管理费分别为人民币547,521,139.57元和人民币531,755,953.61元, 2024 年 4 月较上月下滑金额为人民币 15,765,185.96 元，下滑比例为 2.88%。上 述数据系未经审计的预估数据，公司提醒投资者审慎使用该等数据。 本次租金下滑的主要原因为：部分自有商场 3 月末合同续签，因涉及整体品 类规划的调整，与商户就商务条款仍在进一步磋商中，导致出租率出现短期的阶 段性下滑。 红星美凯龙家居集团股份有限公司 证券代码：601828 证券简称：美凯龙 编号：2024-032 红星美凯龙家居集团股份有限公司 关于自有商场合同约定租赁租金及管理费较上 月下滑的提示性公告 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、情况说明 二、本次租金下滑对公司长期经营 ...

Investment Rating - The investment rating for the company is "Buy - A" with a target price of 3.55 CNY, while the current stock price is 3.26 CNY [5]. Core Views - The company is experiencing short-term operational pressure but is expected to benefit from synergies with its major shareholder, Jianfa Group, which may help restore profitability over time [10]. - The company reported a significant decline in revenue and net profit for 2023, with total revenue of 11.515 billion CNY, down 18.55% year-on-year, and a net loss of 2.216 billion CNY, down 496.78% year-on-year [2][9]. - The company is focusing on diversifying its business model by integrating home decoration and furniture, and enhancing customer service through digital upgrades and new retail models [4][10]. Summary by Sections Financial Performance - In 2023, the company achieved a total revenue of 11.515 billion CNY, a decrease of 18.55% year-on-year, and a net profit of -2.216 billion CNY, a decline of 496.78% year-on-year [2][9]. - The gross profit margin for 2023 was 56.74%, a decrease of 1.62 percentage points year-on-year, with a net profit margin of -20.59% [9][10]. - The company’s operating income for Q1 2024 was 2.112 billion CNY, down 19.30% year-on-year, with a net loss of 372 million CNY [2][9]. Business Operations - As of the end of 2023, the company operated 87 self-managed malls and 275 managed malls, with a total of 448 home furnishing stores [3]. - The self-operated business segment generated 6.781 billion CNY in rental and related income, down 13.8% year-on-year, primarily due to a decrease in the number of self-operated malls and a decline in average occupancy rates [3]. - The company is actively expanding its business model by integrating various consumer categories, including automotive and home furnishings, to enhance customer experience [4]. Future Outlook - The company aims to implement a "light asset, heavy operation, and reduce leverage" strategy, which is expected to gradually restore its profitability [10]. - Revenue projections for 2024-2026 are estimated at 11.055 billion CNY, 11.127 billion CNY, and 11.255 billion CNY, respectively, with a forecasted net profit of 262 million CNY in 2024 [10][11].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2024年4月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 紅星美凱龍家居集團股份有限公司 呈交日期: 2024年5月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 | 01528 | 說明 | H 股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 741,285,634 | RMB | | 1 RMB | | 741,285,634 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 741,285,634 | RMB | | 1 RMB | | 741,285,634 | | 2. 股份分類 | 普通股 | 股份類別 A | | | ...

证券代码：601828 证券简称：美凯龙 编号：2024-031 重要内容提示： 公司近日获知，红星控股所持部分公司股份被轮候冻结、司法冻结及司法标 记。经向中国证券登记结算有限责任公司上海分公司进一步查询后获知的具体情 况如下： 一、红星控股累计被司法冻结、轮候冻结、司法标记及解除轮候冻结的情况 1 截至本公告日，红星美凯龙家居集团股份有限公司（以下简称"公司"）持股 5%以上股东红星美凯龙控股集团有限公司（以下简称"红星控股"）直接持 有公司 997,595,667 股，占公司总股本 4,354,732,673 股的 22.91%。累计被司 法冻结、轮候冻结、司法标记的股份数为 1,248,796,735 股，占其所持股份总 数的 125.18%,占公司总股本比例为 28.68%。 红星控股的一致行动人车建兴、陈淑红、车建芳等合计共持有公司 43,630,640 股，占公司总股本的 1.00%。其中，车建兴先生所持股份 435,600 股被司法 冻结，陈淑红女士所持公司股份 48,620 股被司法冻结，其他一致行动人所持 公司股份不存在冻结情况。 红星控股及其一致行动人车建兴、陈淑红、车建芳等合计共持有公 ...

Financial Performance - The company's operating revenue for the three months ended March 31, 2024, was RMB 2,111,539,269.77, a decrease of 19.3% compared to RMB 2,616,557,956.86 for the same period in 2023[2] - The net loss attributable to the owners of the parent company for the same period was RMB 371,506,929.54, compared to a profit of RMB 167,224,249.41 in 2023, representing a significant decline[3] - The company's basic earnings per share for the period was RMB (0.09), compared to RMB 0.04 in the same period last year[3] - The company attributed the decline in operating revenue to fluctuations in the overall economic environment and a temporary decrease in mall occupancy rates[4] - The company has increased promotional discounts to support merchants, which has impacted overall revenue[4] Cash Flow - The company's net cash flow from operating activities was RMB (181,674,312.38), a decrease from RMB 1,076,288,459.82 in the previous year[6] - The net cash flow from investing activities was RMB (470,841,213.48), compared to RMB 232,657,059.22 in the same period last year[6] - The company experienced a net increase in cash and cash equivalents of RMB 797,803,607.87, compared to a decrease of RMB (193,146,461.85) in the previous year[6] - The cash and cash equivalents increased to RMB 3,778,307,768.78 from RMB 2,974,052,910.82, marking a significant rise of approximately 27%[7] Assets and Liabilities - As of March 31, 2024, the total current assets amounted to RMB 11,482,932,392.79, an increase from RMB 10,427,891,309.98 as of December 31, 2023, representing a growth of approximately 10.1%[7] - The total non-current assets decreased to RMB 110,120,998,369.68 from RMB 110,632,747,089.37, indicating a decline of about 0.5%[8] - Total assets reached RMB 121,603,930,762.47, up from RMB 121,060,638,399.35, reflecting an increase of approximately 0.5%[11] - Current liabilities totaled RMB 28,174,098,020.98, slightly down from RMB 28,591,542,625.08, showing a decrease of about 1.5%[9] - The total borrowings as of the reporting date were RMB 33,137,940,799.90[11] - The company's total liabilities amounted to RMB 69,205,296,865.70, compared to RMB 68,238,972,398.90 previously, indicating an increase of about 1.4%[10] Inventory and Receivables - The accounts receivable rose to RMB 1,359,255,315.70 from RMB 1,203,320,049.65, an increase of about 12.9%[7] - The inventory slightly increased to RMB 160,754,139.23 from RMB 159,513,922.13, reflecting a growth of approximately 0.8%[7] Equity - The total equity attributable to shareholders decreased to RMB 49,187,744,445.34 from RMB 49,615,294,277.92, a decline of approximately 0.9%[11] Financial Expenses - The company reported a significant increase in financial expenses due to the suspension of interest capitalization on certain projects[5] Fair Value Loss - The fair value loss on investment properties was RMB 324,385,651.35, an increase in loss of RMB 314,000,000 compared to the previous year[5]

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 11,514.98 million, a decrease from RMB 14,138.32 million in 2022[8] - Gross profit for 2023 was RMB 7,033.25 million, with a gross profit margin of 61.1%, down from 62.6% in 2022[8] - The company reported a net loss attributable to owners of RMB 2,412.71 million in 2023, compared to a net profit of RMB 678.57 million in 2022[8] - Core net loss attributable to owners was RMB 856.43 million in 2023, with a core net loss margin of 7.4%, compared to a core net profit margin of 11.8% in 2022[8] - Basic and diluted loss per share was RMB 0.55 in 2023, compared to earnings per share of RMB 0.16 in 2022[8] - Revenue for 2023 reached RMB 11,515.0 million, with a net loss attributable to shareholders of RMB 2,412.7 million and a core loss of RMB 856.4 million[12] - Revenue for the reporting period was RMB 11,515.0 million, a decrease of 18.6% compared to RMB 14,138.3 million in 2022[31] - Gross profit decreased by 20.5% to RMB 7,033.3 million, with a gross margin of 61.1%, down 1.5 percentage points from 62.6% in 2022[36] - The company's net loss attributable to owners was RMB 2,412.7 million, a significant decline from a profit of RMB 678.6 million in 2022[41] - Core net loss attributable to owners was RMB 856.4 million, compared to a core net profit of RMB 1,672.9 million in 2022[41] - The company's attributable annual loss was RMB 2,412.7 million, a decrease of 455.6% compared to the profit of RMB 678.6 million in 2022[42] - The company's attributable annual profit margin was -21.0%, a decrease of 25.8 percentage points from 4.8% in 2022[42] - The company's core attributable loss was RMB 856.4 million, a decrease of 151.2% compared to the core attributable profit of RMB 1,672.9 million in 2022[42] - The company's core attributable loss margin was -7.4%, a decrease of 19.2 percentage points from 11.8% in 2022[42] Mall Operations and Expansion - The company operates 87 self-operated malls, 275 entrusted malls, and 8 strategically cooperated malls, covering 215 cities across 30 provinces in China[4] - Total operating area of the malls reached 21,724,717.18 square meters as of the reporting period[4] - The company operated 362 malls (87 self-operated and 275 entrusted) with a total operating area of 21,724,717 square meters as of December 31, 2023[11] - Self-operated malls had an average occupancy rate of 82.8%, while entrusted malls had an average occupancy rate of 85.7% in 2023[11] - Total operating area of the company's malls reached 21,724,717 square meters, covering 215 cities across 30 provinces, municipalities, and autonomous regions[22] - The company operates 87 self-operated malls with an average occupancy rate of 82.8%, and 275 managed malls with an average occupancy rate of 85.7%[22] - The company has 292 signed projects for managed malls that have obtained land use rights or acquired land parcels[22] - The company's electrical appliances category grew by 45,000 square meters, accounting for 10.8% of total area, while home design category grew by 110,000 square meters, accounting for 3.3%[22] - New best-selling brands accounted for 11.1% of total area, while Class A and imported brands maintained a stable share of 49.6%[22] - The company's catering category coverage increased from 43% to 54% nationwide, with 100% coverage in top 100 malls[22] - The company expanded its product categories, including smart appliances and new energy vehicles, and implemented a "heavy operation" strategy to optimize mall layouts[12] - The company has expanded into the new energy vehicle sector, with over 10,000 square meters of space occupied by new energy vehicle and high-end used car brands, including Tesla, BYD, Huawei's AITO, Skyworth, and Ford[23] Strategic Initiatives and Future Plans - The company aims to become China's leading and most professional "omnichannel pan-home business platform service provider"[4] - The company launched the "M+ High-end Design Center" to enhance user experience and improve traffic conversion rates[16] - In 2024, the company plans to accelerate the implementation of car smart ecosystem complexes and deepen its strategic cooperation with online platforms like Tmall and Douyin[17] - The company will focus on the "light asset, heavy operation, and deleveraging" strategy to drive reforms and optimize operations[17] - The company launched the M+ high-end design center in March 2023, forming a comprehensive "10+1" home ecosystem covering home, home decoration, and high-end appliances[20] - The company will continue its "light-asset, heavy-operation" transformation strategy, focusing on improving operational efficiency and strategically expanding its mall network in attractive cities[63] - The company aims to deepen its presence in the home decoration sector by enhancing service quality, standardizing construction processes, and establishing an M+ high-end design center[64] - The company will advance new retail development by exploring more online channels, supporting traditional brands in digital transformation, and deepening online-offline integration[65] - The company will maintain its deleveraging strategy, reducing capital expenditures while optimizing debt structure and liquidity to lower financing costs[66] - The company plans to improve corporate governance, standardize operations, and actively fulfill social responsibilities[67] Dividend and Shareholder Information - No dividend was declared for 2023, compared to a dividend of RMB 0.034 per share in 2022[8] - The company did not distribute cash dividends for 2023 due to a net loss, prioritizing sustainable development and operational stability[12] - The company did not distribute cash dividends for the 2023 fiscal year and did not convert capital reserves into share capital[96] - The company's H-share dividends are subject to a 10% withholding tax for individual shareholders and non-resident enterprise shareholders, with potential tax benefits under applicable tax treaties[97] - The company's distributable reserves as of the reporting period end amounted to RMB 8,143.26 million[95] Corporate Governance and Leadership - Che Jianxing, founder of the company, has been serving as Executive Director and General Manager since August 2023, with extensive experience in the furniture industry since the late 1980s[68] - Li Jianhong joined the company in February 2013, responsible for investment and financing, and became an Executive Director in February 2023[68] - Shi Yaofeng joined the company as an Executive Director in August 2023, with over 25 years of experience in the paper and textile industries[69] - Yang Yingwu joined the company as an Executive Director in August 2023, with a background in finance and over 15 years of experience at Xiamen C&D[70] - Zheng Yongda joined the company as Non-Executive Director in February 2023 and became Chairman in August 2023, with extensive experience at Xiamen C&D since 2004[71] - Wang Wenhuai joined the company as Non-Executive Director in February 2023, with over 20 years of experience in investment and finance at Xiamen C&D[71] - Zou Shaorong joined the company as Non-Executive Director in February 2023, with over 20 years of legal and investment experience at Xiamen C&D[71] - Xu Di joined the company as Non-Executive Director in August 2023, currently serving as Investment Director at Alibaba Group since 2017[73] - Song Guangbin joined the company as Non-Executive Director in August 2023, with over 15 years of experience in e-commerce and home furnishing, currently at Alibaba Group[73] - Independent non-executive director Xue Wei, 45, appointed in August 2023, holds a Ph.D. in Accounting from Xiamen University and serves as a lecturer and associate professor at Xiamen National Accounting Institute[74] - Independent non-executive director Chen Shan'ang, 57, appointed in August 2023, holds a Ph.D. in Finance from Xiamen University and serves as an associate professor and master's supervisor at Xiamen University's School of Economics[74] - Independent non-executive director Huang Jianzhong, 61, appointed in August 2023, holds a Ph.D. in Economics from Xiamen University and serves as the director of the WTO Asia-Pacific Training Center and a professor at Shanghai University of International Business and Economics[75] - Independent non-executive director Huang Zhiwei, 54, appointed in August 2023, holds a Master of Laws from the University of Hong Kong and has extensive experience in legal roles at various international law firms and corporations[75] - Independent non-executive director Cai Qinghui, 49, appointed in August 2023, holds a Ph.D. in Law from Xiamen University and serves as an associate professor and master's supervisor at Xiamen University's Law School[75] - Supervisor Chen Jiasheng, 64, joined the company in August 2023 and serves as the chairman of the supervisory board, holding a Master's degree in Economics from Xiamen University[76] - Independent supervisor Ma Chenguang, 46, joined the company in August 2023 and serves as a senior partner at Shanghai Co-Effort Law Firm, holding a Master's degree in Law from Fudan University[76] - Vice President and employee representative supervisor Tang Rongzhen, 37, joined the company in July 2023, holding a bachelor's degree from Wuhan University of Science and Technology[76] - Audit Director and employee representative supervisor Wang Shouyi, 49, joined the company in 2008, holding a Master's degree from East China Normal University and multiple professional certifications including CPA and CIA[77] Environmental, Social, and Governance (ESG) - The company's Board of Directors is responsible for the overall ESG strategy and reporting, ensuring effective ESG risk management and internal control systems[84] - The company's environmental policy includes strict selection of engineering contractors, supervision of construction processes, and the use of environmentally friendly equipment and designs[84] - The company conducts voluntary environmental activities, focusing on energy conservation and emission reduction in property project designs[84] - The company has not incurred any significant fines or penalties for violating environmental laws or regulations since the operation of its malls[84] - The company's environmental compliance costs are expected to remain at a similar level, assuming no significant changes in environmental laws and regulations[84] - The company's dividend policy stipulates that at least 20% of the distributable net profit must be allocated as cash dividends each year, provided the company is profitable and has positive accumulated undistributed profits[86] - The company's corporate culture emphasizes professional entrepreneurship, improving Chinese home aesthetics, and creating a world-class commercial brand for the Chinese nation[176] - The company emphasizes diversity in its workforce, with female employees (including senior management) accounting for 42.73% as of December 31, 2023[178] Risk Management and Legal Matters - The company faces risks from macroeconomic slowdown and cyclical fluctuations in the real estate industry[59] - The company is actively managing foreign exchange risks through hedging tools and strategies[56] - Talent shortage and turnover risks are being addressed through various training and development programs[60] - The company plans to expand its supply chain services leveraging its nationwide network and industry influence, but acknowledges potential risks due to lack of operational experience in these new areas[61] - The company has no contingent liabilities as of the reporting period end[90] - The company is not involved in any significant legal proceedings or claims as of the reporting period[152] - The Ministry of Finance imposed a fine of RMB 50,000 on the company due to accounting discrepancies, with adjustments affecting net profits by 6.50%, 0.81%, 2.56%, and 25.39% for the years 2019 to 2022 respectively [163] - The company's total assets were impacted by 1.37%, 1.29%, 1.31%, and 1.58% for the years 2019 to 2022 due to accounting adjustments [163] Financial Structure and Debt - The company's total debt was RMB 34,448.8 million at the end of the reporting period, with bank and other borrowings of RMB 32,690.3 million and bonds of RMB 1,758.5 million[49] - The company's asset-liability ratio increased slightly to 55.6% as of December 31, 2023, compared to 55.2% in the previous year[52] - The net capital debt ratio rose to 64.7% at the end of 2023, up from 61.4% in 2022[52] - Interest coverage ratio decreased to 1.42 in 2023 from 2.01 in 2022[52] - The company has mortgaged investment properties and fixed assets with a total book value of RMB 87,753.4 million to secure loans of RMB 31,680.1 million[53] - Capital commitments for acquisition and development of investment properties amounted to RMB 1,151.4 million as of the reporting date[55] - The company issued USD 249.7 million in bonds on August 13, 2022, with a fixed interest rate of 5.2% and a maturity period of 3 years, paying interest semi-annually[89] Operational Costs and Expenses - Operating costs decreased by 15.3% to RMB 4,481.7 million, driven by reduced costs in managed malls and home decoration-related businesses[33] - Sales and distribution expenses decreased by 4.6% to RMB 1,483.1 million, accounting for 12.9% of revenue[38] - Administrative expenses decreased by 5.3% to RMB 1,762.5 million, primarily due to reduced labor costs[39] - Financial costs increased by 6.0% to RMB 2,654.6 million, mainly due to a decrease in capitalized interest[40] - The company's capital expenditure decreased by 66.5% to RMB 351.3 million in 2023 compared to RMB 1,049.4 million in 2022[45] - The company's net cash inflow from operating activities decreased by RMB 1,515.4 million to RMB 2,363.6 million in 2023 compared to RMB 3,879.0 million in 2022[47] Related Party Transactions - The design service framework agreement with Red Star Macalline Holdings has a maximum consideration of RMB 40 million, with actual payments of RMB 5.49 million during the reporting period[105] - The decoration and construction service framework agreement with Red Star Macalline Holdings has a maximum consideration of RMB 110 million, with actual payments of RMB 11.43 million during the reporting period[106] - The computer information system integration service framework agreement with Shanghai Red Star Cloud Computing Technology Co., Ltd. has a maximum consideration of RMB 45.2 million, with actual payments of RMB 18.78 million during the reporting period[107] - The company signed a lease agreement with Shanghai Xingzhiyu for office space at RMB 7.8 per square meter per day, with an annual rental cap of RMB 51.3 million for 2023[108] - The property management fee for the office building was set at RMB 28 per square meter per month, with an annual cap of RMB 16.3 million, later revised to RMB 17.5 million[108] - Parking space rental with Shanghai Xingzhiyu was set at RMB 800 per space per month, with an annual cap of RMB 0.29 million[108] - During the reporting period, Shanghai Xingzhiyu paid and payable rent amounted to RMB 22.10 million, and parking rent was RMB 0.26 million[109] - The company paid and payable property management fees to Shanghai Xingzhiyu totaled RMB 15.74 million during the reporting period[109] - A lease agreement with Shanghai Xinhua Chengcheng for underground parking spaces had an annual rent of RMB 20 million, with RMB 6.35 million paid and payable during the reporting period[110] - The company sold 100% equity of Red Star Commercial Factoring to Red Star Macalline Holdings, with an accounts receivable financing limit of RMB 173 million[111] - During the reporting period, accounts receivable financing under the factoring contract amounted to RMB 9.42 million[111] - The company's independent non-executive directors confirmed that the related party transactions were conducted under fair and reasonable terms and in the best interests of the company and its shareholders[112] - The company's auditor issued an unqualified opinion on the related party transactions, confirming compliance with pricing policies and annual caps[113] Shareholder and Equity Information - Che Jianxing, CEO and Executive Director, holds 29.99% of A-shares through controlled corporate interests, representing 24.88% of the total issued shares[127] - Che Jianxing indirectly owns 24.88% of the company's total issued shares through his 92% stake in Red Star Macalline Holding Group[128] - Xiamen Municipal People's Government State-owned Assets Supervision and Administration Commission holds 1,304,242,436 A shares, representing 36.09% of the total A shares and 29.95% of the total share capital[132] - Red Star Macalline Group holds 997,595,667 A shares, representing 27.61% of the total A shares and 22.91% of the total share capital[132] - Chen Shuhong holds 1,084,054,267 A shares, representing 30.00% of the total A shares and 24.89% of the total share capital[132] - Alibaba Group Holding Limited holds 290,747,243 A shares and 131,475,421 H shares, representing 8.05% and 17.74% of the respective share classes, and 6.68% and 3.02% of the total share capital[132] - Taobao China Holding Limited holds 248,219,904 A shares and 65,

红星美凯龙家居集团股份有限公司 证券代码：601828 证券简称：美凯龙 编号：2024-027 红星美凯龙家居集团股份有限公司 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 《上市公司行业信息披露指引第五号——零售》以及 《关于做好主板上市公司 2024 年第一季度报告披露工作的重要提醒》的要求， 红星美凯龙家居集团股份有限公司（"公司"）将 2024 年第一季度（"报告期"） 主要经营数据披露如下： 截至 2024 年 3 月 31 日，公司经营 86 家自营商场，272 家不同管理深度的 委管商场，通过战略合作经营 7 家家居商场，此外，公司以特许经营方式授权 47 家特许经营家居建材项目，共包括 444 家家居建材店/产业街。 一、2024 年第一季度商场变动情况 报告期内，公司无新开自营商场，关闭 1 家商场，位于福建厦门；无新开委 管商场，关闭 3 家商场，位于山东莱阳、四川成都、山东荣成。 1 红星美凯龙家居集团股份有限公司 （一） 报告期内商场变动情况 表 ...

Financial Performance - Total operating revenue for Q1 2024 was ¥2,111,539,269.77, a decrease of 19.3% compared to ¥2,616,557,956.86 in Q1 2023[7] - Net profit for Q1 2024 was a loss of ¥357,450,119.89, compared to a profit of ¥206,474,367.55 in Q1 2023[10] - Basic earnings per share for Q1 2024 was -¥0.09, compared to ¥0.04 in Q1 2023[12] - Operating revenue decreased by 19.30% due to a decline in mall occupancy rates and increased discounts to support merchants[53] - The net profit attributable to shareholders of the listed company decreased by 322.16% to -371,506,929.54 RMB compared to the previous year[44] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 156.52% to -119,275,435.39 RMB[44] - Basic earnings per share decreased to -325.00, attributed to a reduction in net profit attributable to shareholders[81] - The weighted average return on equity was -0.75%, a decrease of 1.07 percentage points compared to the previous year[44] - The weighted average return on equity decreased by 1.07 percentage points, mainly due to the decline in net profit[81] Operating Costs and Expenses - Total operating costs for Q1 2024 were ¥2,014,154,986.75, down 9.8% from ¥2,231,391,248.57 in Q1 2023[7] - Research and development expenses for Q1 2024 were ¥3,658,192.56, a decrease from ¥4,971,244.23 in Q1 2023[7] - The company reported a significant increase in financial expenses, totaling ¥644,505,766.61 in Q1 2024, compared to ¥526,684,902.61 in Q1 2023[7] - Financial expenses increased due to the suspension of interest capitalization on projects with lower-than-expected construction progress[53] Cash Flow - In Q1 2024, the net cash flow from operating activities was -181,674,312.38 RMB, a significant decrease compared to 1,076,288,459.82 RMB in Q1 2023[13] - Total cash inflow from operating activities was 1,956,405,750.46 RMB, down from 3,163,213,130.47 RMB in the same period last year[13] - Cash outflow from operating activities increased to 2,138,080,062.84 RMB, compared to 2,086,924,670.65 RMB in Q1 2023[13] - The net cash flow from investing activities was -470,841,213.48 RMB, a decline from 232,657,059.22 RMB in Q1 2023[15] - Cash inflow from financing activities reached 10,684,885,014.28 RMB, significantly higher than 2,474,482,861.10 RMB in the previous year[15] - The net cash flow from financing activities was 1,450,612,057.07 RMB, compared to -1,501,355,849.19 RMB in Q1 2023[15] - The ending balance of cash and cash equivalents was 3,304,603,819.16 RMB, an increase from 2,415,117,287.45 RMB at the end of Q1 2023[15] - The company's cash and cash equivalents rose to ¥3,778,307,768.78 from ¥2,974,052,910.82, marking an increase of approximately 27.00%[75] Assets and Liabilities - Total liabilities as of the end of Q1 2024 were ¥69,205,296,865.70, an increase from ¥68,238,972,398.90 at the end of Q1 2023[5] - Non-current liabilities totaled ¥41,031,198,844.72 in Q1 2024, up from ¥39,647,429,773.82 in Q1 2023[5] - The company's total assets reached ¥121,603,930,762.47, slightly up from ¥121,060,638,399.35 in the previous year[5] - The company's total current assets increased to ¥11,482,932,392.79 as of March 31, 2024, up from ¥10,427,891,309.98 as of December 31, 2023, representing a growth of approximately 10.13%[75] - The company’s total non-current assets amounted to 110,120,998,369.68 RMB, a slight decrease from 110,632,747,089.37 RMB in Q1 2023[18] - Shareholders' equity attributable to the listed company decreased by 0.86% to 49,187,744,445.34 RMB compared to the end of the previous year[44] Shareholder Information - The total number of common shareholders at the end of the reporting period was 58,849[36] - Xiamen Jindaf Co., Ltd. holds 1,042,958,475 shares, accounting for 23.95% of total shares[36] - Hongxing Meikailong Holding Group Co., Ltd. holds 954,890,035 shares, accounting for 21.93% of total shares[36] Other Comprehensive Income - Other comprehensive income after tax for Q1 2024 was -¥55,212,776.60, compared to ¥60,341,184.68 in Q1 2023[10] - The total net loss for the period was -252,231,494.15 million after tax effects and minority interests[34] - The fair value change of investment properties measured at fair value resulted in a loss of -330,407,613.85 million[33] - The fair value loss of investment properties was 324 million RMB, an increase of 314 million RMB compared to the previous year[49] - The company recognized a gain of 40,257,142.82 million from funds occupied by non-financial enterprises[33] - Other non-recurring gains and losses amounted to 3,482,959.06 million, including investment income from joint ventures and disposal of subsidiaries[33] Adjustments and Revisions - The company adjusted its financial statements for 2019 to 2022, with the impact on net profit attributable to shareholders being 6.50%, 0.81%, 2.56%, and 25.39% for those years respectively[79]