Core Viewpoint - Recently, Zunyi Suning Yigou Supply Chain Co., Ltd. was established, indicating an expansion in the supply chain management sector by ST Yigou [1] Company Summary - The legal representative of the newly established company is Rong Jinhui [1] - The registered capital of the company is 1 million yuan [1] - The business scope includes supply chain management services, food sales (only pre-packaged food), home appliance sales, and home appliance spare parts sales [1] - ST Yigou holds 100% ownership of the new company [1]

Investment Rating - The report assigns a positive investment rating to ST Yigou (002024.SZ), indicating a favorable outlook for the company's performance in 2024 [2][3]. Core Insights - ST Yigou is expected to achieve a net profit of 500 million to 700 million RMB in 2024, marking its first annual profit since 2020, driven by government support policies and operational improvements [2][3][4]. - The company has seen significant sales growth, particularly in the fourth quarter, with a year-on-year increase of 64.6% in store sales, largely due to the "old-for-new" appliance subsidy policy [2][4]. - The report highlights the company's strategic focus on optimizing its retail service capabilities and enhancing its core business in home appliances [4][7]. Summary by Sections Financial Performance - In 2024, ST Yigou is projected to turn a profit, with quarterly performance showing a loss of 97 million RMB in Q1, followed by profits of 112 million RMB in Q2 and 584 million RMB in Q3 [3][4]. - The company anticipates a positive net profit in Q4, excluding the impact of foreign exchange fluctuations on its financial assets [3][4]. Market Dynamics - The Chinese home appliance market is expected to reach a retail value of 907.1 billion RMB in 2024, with a year-on-year growth of 6.4% [5]. - The government's expansion of the "old-for-new" subsidy program to include more product categories is expected to further stimulate consumer demand [10][11]. Business Strategy - ST Yigou is focusing on enhancing its retail service strategy, optimizing store layouts, and improving the efficiency of its larger stores [7][15]. - The company plans to open and upgrade over 300 self-operated stores in 2024, including new formats like SuningMax and SuningPro, which aim to provide a better shopping experience [7][15]. Cost Management - The company has successfully reduced total expenses by 21.94% to 9.04 billion RMB in the first three quarters of 2024 while maintaining stable gross margins [8][9]. - Non-recurring gains from asset disposals and debt restructuring are expected to contribute approximately 1.8 billion to 2 billion RMB to net profit [9]. Consumer Engagement - ST Yigou has implemented a multi-channel strategy to enhance consumer engagement, including online promotions and community service initiatives [12][13]. - The company has conducted over 16,000 "old-for-new" events in rural areas, significantly increasing the volume of exchanged appliances [14]. Management Confidence - The management has shown confidence in the company's future by increasing their shareholdings and executing a share buyback program, which has positively impacted the company's market value [17][18].

证券代码：002024 证券简称：ST易购 公告编号：2025-007 苏宁易购集团股份有限公司 关于股东重整进展的公告 公司股东苏宁电器集团有限公司、苏宁控股集团有限公司保证向本公司提供的信息内容 真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与苏宁电器集团有限公司、苏宁控股集团有限公 司提供的信息一致。 一、股东重整进展情况 苏宁易购集团股份有限公司（以下简称"公司"）于 2025 年 1 月 21 日披露 了《关于股东被申请重整的提示性公告》（公告编号 2025-003）。2025 年 1 月 26 日，公司收到股东苏宁电器集团有限公司、苏宁控股集团有限公司发来的《告 知函》，上述股东于 2025 年 1 月 26 日收到江苏省南京市中级人民法院（以下简 称"南京中院"）送达的《民事裁定书》，裁定受理相关债权人对上述股东的重 整申请。 二、本次事项对公司的影响 截至本公告披露日，苏宁电器集团有限公司持有公司股份比例为 1.4%，苏 宁控股集团有限公司持有公司股份比例为 2.75%，被申请重整是否会导致其持股 比例发生变更，需视后续的重整方案及法院作出的最终裁定 ...

苏宁易购集团股份有限公司第八届董事会第二十五次会议于 2025 年 1 月 16 日以电子邮件方式发出会议通知，2025 年 1 月 20 日以通讯表决方式召开。 本次会议应出席董事 9 人，实际出席董事 9 人（其中：以通讯表决方式出席 董事 9 人，委托出席董事 0 人）。本次会议由董事长任峻先生主持，会议的召开 符合《公司法》和《公司章程》的规定。 二、董事会会议审议情况 1、以 9 票同意、0 票反对、0 票弃权的结果审议通过了《关于为子公司提供 担保的议案》。 证券代码：002024 证券简称：ST 易购 公告编号：2025-004 苏宁易购集团股份有限公司 第八届董事会第二十五次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、董事会会议召开情况 2025 年 1 月 22 日 为满足公司及子公司业务发展需求，公司与中信信托有限责任公司（以下简 称"中信信托"）开展合作，通过中信信托设立的信托计划向南京融宁企业管理 有限公司（以下简称"南京融宁"）提供信托贷款不超过人民币 4.8 亿元。公司 为南京融宁向信托计划不超过 4.8 亿元 ...

Financial Performance Expectations - The company expects a net profit attributable to shareholders of between 50 million and 70 million yuan for 2024, a turnaround from a loss of approximately 408.95 million yuan in the previous year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be a loss of 120 million yuan, compared to a loss of 517.43 million yuan in the previous year, indicating a significant reduction in losses[3]. - The basic earnings per share is expected to be between 0.054 yuan and 0.076 yuan, improving from a loss of 0.45 yuan per share in the previous year[3]. - The company anticipates that non-recurring gains from asset disposals and debt resolution will contribute approximately 1.8 billion to 2 billion yuan to its earnings in 2024[7]. Operational Strategies - The company plans to open and renovate 75 new stores, enhancing its retail service capabilities and improving customer experience[5]. - The company aims to further enhance its core capabilities and market share by focusing on product diversity, service upgrades, and asset revitalization[7]. - The company has implemented cost control measures and improved operational efficiency, contributing to the expected profitability in 2024[6]. Market Performance - In Q4 2024, the company achieved a year-on-year sales growth of 64.6% due to the government's support for the home appliance replacement policy[7]. Financial Reporting and Risks - The company is facing uncertainties regarding the fair value of certain financial assets and investments, which may impact its financial results[8]. - The financial data provided is preliminary and has not been audited, with final figures to be disclosed in the 2024 annual report[9].

Group 1: Investor Relations Activity - The investor relations activity included a site visit to SuningMax Shanghai Wujiaochang store on January 17, 2025 [1] - Participants included representatives from various investment firms such as Dymon Asia, Cyber Atlas, and IDG Capital [1] - The meeting was attended by company officials including Wang Kun, Wang Yu, and Liu Lei [1] Group 2: Key Discussion Points - Investors focused on the implementation of national subsidy policies and their impact on sales performance [1] - The discussion covered store layout, performance across different product categories, and brand marketing strategies [1] - Plans for new store openings in the region were also addressed [1] Group 3: Compliance and Disclosure - The company adhered to its information disclosure management system, ensuring the accuracy and completeness of the information shared [1] - No significant undisclosed information was leaked during the meeting [1] - The company signed a commitment letter as required by the Shenzhen Stock Exchange [1]

江苏世纪同仁律师事务所关于 苏宁易购集团股份有限公司2024年第五次临时 根据《公司法》、《证券法》和中国证监会《上市公司股东大会规则》等法 律、法规和规范性文件以及公司《章程》的规定,本所受贵公司董事会的委托, 指派本律师出席贵公司 2024年第五次临时股东大会,并就本次股东大会的召集、 召开程序、出席会议人员资格、召集人资格、表决程序以及表决结果的合法有效 性等事项出具法律意见。 为出具本法律意见书,本律师对本次股东大会所涉及的有关事项进行了审 查,查阅了相关会议文件,并对有关问题进行了必要的核查和验证。 本律师同意将本法律意见书随贵公司本次股东大会决议一并公告,并依法对 本法律意见书承担相应的责任。 本律师根据相关法律、法规和规范性文件的要求,按照律师行业公认的业务 标准、道德规范和勤勉尽责精神,出具法律意见如下: 股东大会的法律意见书 一、关于本次股东大会的召集、召开程序和召集人资格 致:苏宁易购集团股份有限公司 1. 本次股东大会由董事会召集。2024年12月11日,贵公司召开第八届董 事会第二十四次会议,决定于 2024年 12月 27日召开 2024年第五次临时股东大 会。 二、关于本次股东大会 ...

证券代码：002024 证券简称：ST 易购 公告编号：2024-079 苏宁易购集团股份有限公司 2024 年第五次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 特别提示： 1、本次股东大会无否决提案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 3、会议召集人：公司董事会。 4、会议方式：本次股东大会采取现场投票、网络投票相结合的方式召开。 5、现场会议主持人：董事长任峻先生。 6、本次会议召开的合法、合规性：本次股东大会的召开符合有关法律、行 政法规、部门规章、规范性文件和《公司章程》的规定。 一、会议召开和出席情况 （一）会议召开情况 1、召开时间： （1）现场会议召开时间：2024 年 12 月 27 日（星期五）下午 14:00。 （2）网络投票时间：2024 年 12 月 27 日。 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为 2024 年 12 月 27 日上午 9:15－9:25，9:30－11:30，下午 13:00－15:00。通过深圳证券交易 所互联网投票系统投票的具体时间为 202 ...

证券代码：002024 证券简称：ST易购 公告编号:2024-078 苏宁易购集团股份有限公司 关于开展融资业务的进展公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 为持续发挥公司物流资产价值，提升公司物流资产效率、效益，公司与中国 中信金融资产管理股份有限公司江苏省分公司（以下简称"中信金资江苏省分 公司"）及中信信托有限责任公司（以下简称"中信信托"）进行合作，通过设 立的信托计划提供在建物流项目纾困资金不超过人民币15.49亿元，资金主要用于 公司在建类仓储物流项目工程建设及相关领域。公司及子公司江苏苏宁商业投资有 限公司（以下简称"江苏苏宁商业"）、江苏苏宁物流有限公司将作为共同债务 人，南京苏宁易达仓储物流有限公司（以下简称"南京苏宁易达"）、绍兴苏宁易 达物流投资有限公司（以下简称"绍兴苏宁易达"）、杭州苏宁易购物流有限公 司、成都苏宁易达仓储有限公司（以下简称"成都苏宁易达"）等将作为债务人/ 抵押人与中信信托指定相关主体完成签署《信托合同》《信托贷款合同》《抵押合 同》《股权转让（交付信托）协议》《信托受益权质押合同》及对上述合同的任何 ...

Group 1: Investor Relations Activity - The investor relations activity was categorized as a site visit [1] - The event took place on December 20, 2024, at 10:00 AM in Beijing [1] - Participants included Zhang Yi and Liu Meichen, with Liu serving as the store manager [1] Group 2: Meeting Content - The meeting focused on discussing the implementation of national subsidy policies and their impact on sales [1] - The visit included an inspection of the Beijing Ma Dian store, covering aspects such as store layout, subsidy scope, and consumer participation [1] - The company ensured compliance with information disclosure regulations, maintaining accuracy and timeliness [1] Group 3: Company Developments - Discussions included the opening of new stores, introduction of new products, and innovative business models [1] - The company signed a commitment letter as required by the Shenzhen Stock Exchange [1]