Core Points - The company has approved the issuance of up to 5 billion yuan in short-term financing bonds [1] - The company received a registration notice for the 5 billion yuan short-term financing bonds valid for two years on February 14, 2025 [1] - The company recently issued the second phase of its short-term financing bonds for 2025, with an interest start date of August 6, 2025, and a maturity date of April 17, 2026 [1] Summary by Sections - The company's board of directors and all directors guarantee that the announcement contains no false records, misleading statements, or major omissions, and they bear legal responsibility for its authenticity, accuracy, and completeness [1] - The issuance results of the financing bonds have been published on the China Money website and the Shanghai Clearing House website [1]

Group 1 - The company has received compensation payments for land storage from the Yangpu District Land Reserve Center, following the approval of the land storage proposal by the board and shareholders [2][3] - Compensation amounts received include: CNY 151,440,150 for the land at Gongqing Road 295, CNY 199,158,540 for the land at Gongqing Road 435, and CNY 667,864,240 for the lands at Gongqing Road 310 and 210 [2] - The company will continue to monitor the progress of the land storage matters and fulfill its information disclosure obligations [3] Group 2 - The company signed the land recovery compensation contract on July 16, 2025, with the Yangpu District Land Reserve Center [2] - The financial impact of the compensation will be confirmed after the annual audit by the accounting firm [2] - The company emphasizes the importance of investors paying attention to announcements and potential investment risks [3]

Meeting Summary - The annual general meeting of Shanghai Bailian Group Co., Ltd. was held on June 26, 2025, with no resolutions rejected [2][4] - The meeting was convened by the board of directors and chaired by Mr. Cao Hailun, with compliance to the Company Law and Articles of Association [2][3] Attendance - Out of 9 current directors, 8 attended the meeting, with some participating via video; the chairman was absent due to health reasons [3] - Out of 3 current supervisors, 2 attended, with the supervisor chairman absent for work reasons [3] Resolutions Passed - The following resolutions were approved: - 2024 Annual Board Work Report [4] - 2024 Annual Supervisory Board Work Report [4] - 2024 Annual Report Full Text and Summary [5] - 2024 Financial Settlement and 2025 Financial Budget [5] - 2024 Profit Distribution Proposal [5] - Proposal for 2025 Comprehensive Credit Line Application [5] - 2024 Daily Related Transactions and 2025 Estimated Transactions [5] - Financial Service Agreement with Bailian Group Financial Co., Ltd. [5] - Proposal for Opening Guarantee Pool Business [5] - Proposal for Purchasing Directors, Supervisors, and Senior Management Liability Insurance [6] - Non-independent Director Remuneration Plan [6] - Change of Accounting Firm [6] - Proposal to Cancel Supervisory Board and Amend Articles of Association [6] - Amendments to Shareholders' Meeting Rules [6] - Amendments to Board Meeting Rules [6] - Financial Assistance Extension to Shanghai Shangying Bailian Cinema Management Co., Ltd. [6] - Land Reserve Proposal [7] Legal Compliance - The meeting was witnessed by Guohao Law Firm, confirming that the convening and procedures complied with relevant laws and regulations [7] Guarantee Pool Business Update - The company has approved the establishment of a guarantee pool with a limit of up to RMB 200 million, with specific allocations for subsidiaries based on their debt ratios [10][12] - As of the announcement date, the company and its subsidiaries have applied for a total guarantee amount of RMB 55.72 million, with the company assuming joint liability for RMB 46.52 million [11][10] Subsidiary Financials - The wholly-owned subsidiary, Dongfang Department Store Co., Ltd., reported total assets of RMB 20.82 million and total liabilities of RMB 38.58 million as of March 31, 2025, with a net asset deficit [14]

■ 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。 （六）融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投票，应按照《上海证券交易 所上市公司自律监管指引第1号一规范运作》等有关规定执行。 二、会议审议事项 本次股东大会审议议案及投票股东类型 本次股东大会还将听取独立董事述职报告。 1、各议案已披露的时间和披露媒体 上述议案经公司第十届董事会第十次会议、第十届董事会第十一次会议、第十届董事会第十三次会议、 第十届监事会第八次会议、第十届监事会第十一次会议审议通过，现提交公司2024年年度股东大会审 议。详细内容详见2025年4月15日、2025年4月30日、2025年6月6日《上海证券报》、《中国证券报》、 《证券时报》、《香港商报》及上海证券交易所网站（www.sse.com.cn）披露的公告。 2、特别决议议案：13、14、15 3、对中小投 ...

| 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.1100 | 0.1100 | 0 | 0.1200 | | 每股净资产（元） | 11.14 | 10.05 | 10.85 | 10.01 | | 每股公积金(元) | 1.74 | 1.73 | 0.58 | 1.71 | | 每股未分配利润(元) | 6.94 | 5.54 | 25.27 | 5.48 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 75.93 | 88.29 | -14 | 94.93 | | 净利润(亿元) | 1.93 | 1.93 | 0 | 2.09 | | 净资产收益率(%) | 0.98 | 1.08 | -9.26 | 1.19 | 数据四舍五入，查看更多财务数据>> 一、主要会计数据和财务指标 前十大流通股东累计持有： 99761.84万股，累计占流通股比： 55.92%，较上期变化： -890.92万股。 | 名称 ...

前十大流通股东累计持有： 100652.76万股，累计占流通股比： 56.42%，较上期变化： -225.98万股。 | 名称 | 持有数量(万股) | 占总股本比 | 增减情况 | | --- | --- | --- | --- | | | | 例(%) | (万股) | | 百联集团有限公司 | 84963.13 | 47.62 | 不变 | | 上海百联控股有限公司 | 5143.90 | 2.88 | 不变 | | 上海豫赢企业管理有限公司 | 4748.22 | 2.66 | 不变 | | 香港中央结算有限公司 | 1601.93 | 0.90 | 192.99 | | 中国建设银行股份有限公司-东方红启东三年持有期混合 型证券投资基金 | 939.19 | 0.53 | 新进 | | 中国工商银行股份有限公司-中证上海国企交易型开放式 | | | | | 指数证券投资基金 | 769.07 | 0.43 | 新进 | | 北京霆泉私募基金管理有限公司-霆泉新纪元一号私募证 | | | | | 券投资基金 | 732.00 | 0.41 | 142.43 | | 招商银行股份有限公司-南方中证100 ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥15,173,289,900.28, a decrease of 7.17% compared to ¥16,344,461,562.46 in the same period last year[12]. - Net profit attributable to shareholders for the first half of 2024 was ¥274,441,974.22, down 17.58% from ¥332,963,607.88 in the previous year[12]. - The net cash flow from operating activities decreased by 35.93%, amounting to ¥1,216,640,670.18 compared to ¥1,898,968,804.12 in the same period last year[13]. - Basic earnings per share for the first half of 2024 were ¥0.15, a decline of 21.05% from ¥0.19 in the same period last year[14]. - The net profit after deducting non-recurring gains and losses was ¥200,802,488.39, down 29.22% from ¥283,696,358.59 in the previous year[13]. - The weighted average return on net assets was 1.53%, a decrease of 0.34 percentage points compared to 1.87% in the same period last year[14]. - Operating costs decreased by 5.85% to ¥11,297,283,847.92 from ¥11,999,830,317.83 year-on-year[24]. - Research and development expenses significantly reduced by 56.95%, amounting to ¥4,150,717.80 compared to ¥9,640,621.69 in the previous year[24]. - The company reported a significant increase in total assets for its subsidiaries, with Shanghai Outlets Brand Direct Sales Plaza Co., Ltd. having assets of CNY 1.49 billion[33]. - The total revenue for the first half of 2024 reached approximately CNY 7.63 billion, with a net profit of CNY 5.68 billion after accounting for losses[59]. Strategic Initiatives - The company is focusing on high-quality development and has implemented strategic initiatives to enhance core competitiveness and operational efficiency[18]. - The company has established a strategic partnership with numerous domestic and international brands, enhancing its multi-channel supply chain capabilities[19]. - The company is actively transforming its business model, including the renovation of women's product stores to create exclusive offline social experience spaces[20]. - The company has made significant progress in its supply chain system, aiming to increase the number of strategic suppliers and enhance collaboration with core brands[20]. - The company has launched new projects such as the Youmai Life Plaza and the Bailian Southern Shopping Center, focusing on transformation and enhancement[20]. - The company aims to create a high-quality, youthful commercial benchmark by upgrading its beauty and dining offerings in flagship stores[20]. - The company is actively promoting the construction of a 15-minute convenient living circle, replicating the model to four community shopping centers[21]. - The company is committed to sustainable development, enhancing its ESG governance level, and promoting public welfare activities[23]. Financial Management - The company issued a total of CNY 500 million in short-term financing bonds in 2024, with the first issuance at a coupon rate of 2.37% and the second at 1.99%[17]. - The company received regulatory approval for its public REITs project, which is expected to enhance its capital structure and investment capabilities[17]. - The company reported a total of ¥10.24 million in related party transactions for purchasing goods and vehicles from its subsidiaries[50]. - The total amount of related party transactions for the reporting period reached approximately ¥774.34 million[51]. - The company has ensured the independence of its personnel, assets, finances, and operations post-transaction, preventing any fund occupation by the controlling shareholder[46]. Market Trends - In the first half of 2024, the total retail sales of consumer goods in China reached CNY 2,359.69 billion, representing a year-on-year growth of 3.7%[18]. - The company anticipates a growth rate of 10% in revenue for the next fiscal year, driven by new product launches and market expansion strategies[59]. - User data indicates a growth in active customer accounts by 15%, reaching 3 million active users by June 30, 2024[104]. - The company is expanding its market presence by opening 50 new stores across various provinces by the end of 2024[103]. Governance and Compliance - The company held its first extraordinary shareholders' meeting on March 25, 2024, to discuss important resolutions[36]. - The company appointed Zhang Shenyu as the new chairman and Cao Hailun as the new general manager in February 2024, following the resignation of former chairman Ye Yongming[38]. - The company has not disclosed any significant changes in its employee stock ownership or incentive plans during the reporting period[39]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[40]. Environmental and Social Responsibility - The company implemented energy management measures to reduce carbon emissions, including establishing energy control targets and promoting green office practices[42]. - The company actively engaged in rural revitalization efforts through partnerships and resource utilization to support local communities[43]. - The company emphasized environmental protection by implementing noise control, improving indoor air quality, and managing light pollution in its operations[41]. Accounting and Financial Reporting - The company will account for the assets and liabilities of subsidiaries acquired under common control at their book values as of the merger date[108]. - The company will use the equity method to account for investments in joint ventures[113]. - The company recognizes long-term prepaid expenses that are amortized over a period exceeding one year, including operating lease improvements and software usage fees[158]. - Revenue is recognized when the company fulfills its performance obligations, which occurs when the customer gains control of the related goods or services[165].

Financial Performance - The company's operating revenue for Q3 2023 was ¥7,227,293,082.33, a decrease of 9.63% compared to the same period last year[5]. - The net profit attributable to shareholders for the same period was ¥16,401,090.50, with a year-to-date net profit of ¥344,082,251.66, showing a decrease of 6.16% year-on-year[5]. - Total operating revenue for the first three quarters of 2023 was ¥23,559,084,998.02, a decrease of 6.15% compared to ¥25,106,041,678.44 in the same period of 2022[20]. - Net profit for the third quarter of 2023 was ¥247,641,066.90, a significant recovery from a net loss of ¥258,859,701.06 in the same quarter of 2022[21]. - Net profit for the first three quarters of 2023 was CNY 688,182,943.94, compared to CNY 589,276,791.79 in 2022, an increase of about 16.8%[32]. Earnings and Shareholder Information - The basic earnings per share for Q3 2023 was ¥0.01, while the diluted earnings per share was also ¥0.01, both not applicable for year-on-year comparison[6]. - The company reported a total of 10,000 ordinary shareholders as of the end of the reporting period[10]. - Total number of common shareholders at the end of the reporting period is 83,624[11]. - The largest shareholder, Bailian Group Co., Ltd., holds 849,631,332 shares, accounting for 47.62% of total shares[11]. - Basic and diluted earnings per share for the third quarter were CNY 0.19, compared to CNY -0.11 in the same period last year[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥57,377,469,034.41, a decrease of 0.52% compared to the end of the previous year[6]. - The company's total liabilities as of the end of the third quarter of 2023 amounted to ¥37,022,032,755.91, slightly down from ¥37,621,077,326.33 at the end of the previous year[18]. - The total equity of the company reached ¥20,355,436,278.50, an increase from ¥20,054,668,245.50, showing a positive trend in shareholder value[18]. - Total liabilities decreased from CNY 8,803,790,069.44 to CNY 7,749,878,288.56, a reduction of about 11.93%[30]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥2,801,512,190.53, reflecting a decrease of 3.29% year-on-year[5]. - Cash inflow from operating activities totaled CNY 37,814,307,705.15, slightly up from CNY 37,439,332,249.58 in the previous year[25]. - Cash outflow from operating activities was CNY 35,012,795,514.62, compared to CNY 34,542,614,098.62 in the same period last year[25]. - Net cash flow from investing activities was CNY -494,952,067.70, worsening from CNY -419,863,023.67 year-over-year[25]. - The ending balance of cash and cash equivalents was CNY 17,917,155,218.29, an increase from CNY 15,895,265,263.52 at the end of the previous year[26]. Research and Development - Research and development expenses for the first three quarters of 2023 were ¥14,249,903.78, up from ¥13,379,328.60 in the same period of 2022, indicating a focus on innovation[20]. - Research and development expenses were not specified in the report, indicating a potential area for future focus[31]. Other Financial Metrics - The weighted average return on equity increased by 0.09 percentage points to 1.93% year-to-date[6]. - The company reported a profit from asset disposal of ¥24,631,570.82, compared to a profit of ¥13,458,652.92 in the previous year[21]. - The deferred income tax liabilities increased to ¥1,400,444,191.72 from ¥826,945,649.88, reflecting changes in tax obligations[18]. - The company executed new accounting standards starting January 1, 2023, which may impact financial reporting and tax liabilities[36].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 9,486,840,567.09, representing a decrease of 7.77% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 211,574,472.21, an increase of 36.14% year-on-year[4]. - Basic and diluted earnings per share were both CNY 0.12, reflecting a growth of 33.33% compared to the previous year[4]. - Total operating revenue for Q1 2023 was ¥9,486,840,567.09, a decrease of 7.8% from ¥10,286,418,945.04 in Q1 2022[15]. - Net profit for Q1 2023 increased to ¥334,278,791.91, representing a growth of 21.1% compared to ¥276,048,677.44 in Q1 2022[16]. - Operating profit for Q1 2023 was CNY 20,347,753.41, a decrease of 73.9% from CNY 78,105,588.26 in Q1 2022[24]. - Net profit for Q1 2023 was CNY 20,763,777.73, down 73.4% from CNY 78,105,462.19 in Q1 2022[24]. Cash Flow - The net cash flow from operating activities reached CNY 2,934,018,062.24, showing a significant increase of 242.02%[4]. - Cash flow from operating activities for Q1 2023 was ¥2,934,018,062.24, significantly higher than ¥857,849,913.84 in Q1 2022[18]. - In Q1 2023, the company reported a net cash flow from operating activities of -16,403,869.93 RMB, an improvement from -54,406,541.52 RMB in Q1 2022[27]. - Total cash inflow from operating activities was 79,997,886.15 RMB, compared to 54,509,829.96 RMB in the same period last year, representing a 46.8% increase[27]. - The company reported a net cash outflow from financing activities of CNY 688,191,048.59 in Q1 2023[19]. - The company's cash flow from investing activities showed a net inflow of CNY 36,631,766.20 in Q1 2023, compared to a net outflow of CNY 233,530,142.48 in the same period last year[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 57,094,431,800.50, a decrease of 1.01% from the end of the previous year[4]. - The company's current assets totaled ¥25,773,953,760.99, slightly down from ¥25,895,105,795.82, indicating a decrease of about 0.47%[11]. - The total liabilities decreased to ¥36,606,947,315.35 from ¥37,621,077,326.33, marking a reduction of about 2.69%[13]. - Total assets as of March 31, 2023, were CNY 26,087,747,502.08, a decrease from CNY 27,118,056,138.33 at the end of 2022[20]. - Total liabilities decreased to CNY 7,713,731,107.01 as of March 31, 2023, from CNY 8,803,790,069.44 at the end of 2022[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 84,863[8]. - The largest shareholder, Bailian Group Co., Ltd., held 47.62% of the shares[8]. - The company's equity attributable to shareholders increased by 1.48% to CNY 17,860,126,119.76[4]. Comprehensive Income - Other comprehensive income after tax for Q1 2023 was ¥38,977,551.99, a recovery from a loss of ¥362,421,766.98 in Q1 2022[16]. - The company reported an increase in investment income to ¥15,345,307.57 in Q1 2023, compared to ¥18,864,610.74 in Q1 2022[15]. - Total comprehensive income for Q1 2023 was ¥373,256,343.90, compared to a loss of ¥86,373,089.54 in Q1 2022[16]. - The company's total comprehensive income for Q1 2023 was 59,750,326.18 RMB, compared to -284,316,304.79 RMB in Q1 2022, marking a substantial turnaround[25]. Inventory and Investments - The company's inventory decreased to ¥2,906,786,627.68 from ¥3,597,130,757.12, representing a significant drop of approximately 19.2%[11]. - The long-term investments increased to ¥1,216,477,943.04 from ¥1,185,572,869.07, indicating a growth of about 2.61%[12]. - The company’s investment cash inflow decreased significantly to 25,464,217.28 RMB from 209,756,081.25 RMB in the previous year, a decline of 87.9%[28]. Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[15].

股票简称：百联股份 百联 B 股 证券代码： 600827 900923 编号：临 2023-013 上海百联集团股份有限公司 关于参加 2023 年上海辖区上市公司 年报集体业绩说明会的公告 （一）会议召开时间：2023 年 5 月 10 日（星期三）15:00-17:00 （二）会议召开地点：上证路演中心（http://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心网络互动 公司副董事长、总经理张申羽女士；独立董事朱洪超先生；财务总监、董事会 秘书董小春先生。 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"）于 2023 年 4 月 19 日披露《公 司2022年年度报告》，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 5 月 10 日（星期三）15:00-17:00 参加"2023 年上 海辖区上市公司年报集体业绩说明会"，就投资者关心的问题进行交流。 一、说明会类型 本次说明会以 ...