Core Viewpoint - The event "Walking through Streets - Suning.com and Haier National Subsidy Storm Community Tour" in Tianjin aims to promote the national old-for-new policy, enhancing consumer experience and providing comprehensive home appliance renewal solutions [1][3]. Group 1: Government and Corporate Collaboration - The initiative is a response to the national old-for-new policy, showcasing a collaboration between government and enterprises to create a "zero-distance" service consumption scene [1]. - Since the implementation of the national subsidy policy in 2025, over 100,000 people in Tianjin have received old-for-new subsidy qualifications through multiple discount policies [3]. Group 2: Economic Impact - In the first quarter, Tianjin's business sector issued 730 million yuan in old-for-new subsidies, leading to the sale of 360,000 home appliances and 407,000 mobile digital products, contributing over 5.7 billion yuan to social consumption [3]. - The event aims to facilitate the implementation of subsidy policies and enhance consumer access to new green smart home appliances [3][8]. Group 3: Innovative Retail Experience - A 300 square meter "National Subsidy Renewal Service Station" was established, featuring Haier's popular home appliances for community residents to experience [5]. - The event includes personalized solutions for new and old communities, showcasing various home appliances in real-life settings [7]. Group 4: Future Plans - Suning.com plans to continue the "National Subsidy Storm Community Tour," aiming to cover at least 100 communities in Tianjin by the second quarter, enhancing the penetration of green smart home appliances [8].

野矿泉 自由 争热一体 煥鲜水 - 排出 河雪豚 比烧开一步到位 首杯水直饮 全时鲜活纯净 全 室 外 吸 排 洗碗机、嵌入式微蒸烤、扫地机器人等趋势性家电的需求，在以旧换新补贴政策的刺激下释放。 今年，上海启动新一轮以旧换新补贴，激发出家电、新能源汽车市场的潜力。 据4月23日上海市统计局发布的最新数据，2025年一季度，全市限额以上单位新能源汽车、通讯器材类零售额同比分别增长10.6%、10.7%，1级和2级能效家 用电器、计算机及其配套产品零售额分别增长74.3%、90.6%。 2025年政府工作报告将"扩大内需"列为全年经济工作首要任务，明确提出"大力提振消费、提高投资效益，全方位扩大国内需求"。上海率先深化以旧换新政 策落地举措，以家电家居消费为突破口，通过"国补"、"市补"、"企补"多级补贴叠加，释放居民消费潜力。 上海交电家电商业行业协会秘书长葛森表示，自2025年以旧换新政策实施以来，杠杆效应显著，在消费者主动领取国家补贴指定品类优惠券的推动下，截至 4月22日，相关订单量已接近500万笔，带动销售额突破127.9亿元，其中手机数码类产品占比达32%，展现出消费理念从"价格敏感"向"品质优先" ...

Core Viewpoint - Suning has reported significant growth in revenue and customer traffic due to the implementation of the "old-for-new" subsidy policy, which has stimulated consumer demand and forced supply chain upgrades [1][3][4]. Group 1: Revenue and Sales Performance - Suning's revenue for the fourth quarter reached 18.77 billion yuan, showing a notable increase compared to the previous quarters [2][3]. - The company experienced a year-on-year revenue growth of 34.35% in the fourth quarter, with in-store sales growing by 64.6% [3][4]. - The "old-for-new" policy has led to a 120% increase in store traffic since its implementation [3][4]. Group 2: Consumer Behavior Changes - The subsidy policy has shifted consumer preferences from low-cost options to higher-end products, with average transaction values increasing significantly [5][10]. - Sales of high-end appliances such as smart air conditioners and integrated kitchen appliances have surged, with year-on-year growth rates of 121%, 246%, and 215% respectively [5][6]. - Consumers are now more inclined to purchase products that maximize the subsidy benefits, often opting for items priced near the subsidy cap [10][11]. Group 3: Supply Chain and Product Efficiency - The policy has effectively phased out low-efficiency appliances, with first and second-tier energy-efficient products becoming the market standard [6][8]. - The market has seen a complete withdrawal of third and fourth-tier energy-efficient products from mainstream retail channels [6][8]. Group 4: Retail Channel Transformation - The "old-for-new" policy has transformed consumer behavior, emphasizing quality and experience over price, leading to a rise in demand for smart and integrated products [10][11]. - Physical stores are becoming the primary channel for consumers to engage with and purchase subsidized products, enhancing the shopping experience through direct interaction [10][11]. - Suning is focusing on experiential retail, with new store formats designed to enhance customer interaction and service [14][15].

证券代码：002024 证券简称：ST 易购 公告编号：2025-022 苏宁易购集团股份有限公司 2024 年年度股东大会决议公告 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。 一、会议召开和出席情况 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。 （二）会议出席情况 （一）会议召开情况 1、召开时间： （1）现场会议召开时间：2025 年 4 月 21 日（星期一）下午 14:00。 （2）网络投票时间：2025 年 4 月 21 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 2025 年 4 月 21 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 ...

苏宁易购集团股份有限公司2024年年度股东大会的 法律意见书 致:苏宁易购集团股份有限公司 根据《公司法》《证券法》和中国证监会《上市公司股东会规则》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年年度股东大会,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。 江苏世纪同仁律师事务所关于 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: 一、关于本次股东大会的召集、召开程序和召集人资格 1.本次股东大会由董事会召集。2025年3月27日,贵公司召开第八届董事 会第二十七次会议，决定于 2025 年 4 月 21 日召开 2024 年年度股东大会。 2025 年 3 月 29 日,贵公司在《 ...

苏宁易购集团股份有限公司 章 程 2025年4月 | 第一章 | 总 则 | 2 | | --- | --- | --- | | 第二章 | | 经营宗旨和范围 2 | | 第三章 | 股 份 | 4 | | 第一节 | | 股份总数、每股金额和注册资本 4 | | 第二节 | | 股份发行 4 | | 第三节 | | 股份增减和回购 4 | | 第四节 | | 股份转让 5 | | 第四章 | | 股东和股东大会 6 | | 第一节 | | 发起人的姓名或者名称、认购的股份数 6 | | 第二节 | | 股 东 6 | | 第三节 | | 股东大会的一般规定 9 | | 第四节 | | 股东大会的召集 11 | | 第五节 | | 股东大会的提案与通知 12 | | 第六节 | | 股东大会的召开 13 | | 第七节 | | 股东大会的决议 16 | | 第五章 | 董事会 | 20 | | 第一节 | | 董 事 20 | | 第二节 | | 董事会 22 | | 第六章 | 公司管理层 | 26 | | 第七章 | 监事会 | 28 | | 第一节 | | 监 事 28 | | 第二节 | | 监事会 ...

Group 1: Business Strategies and Initiatives - The company launched the "Foreign Trade Quality Products Revitalization Plan" to support foreign trade enterprises in expanding into the domestic market, providing a fast online store setup process and operational training [3][9][30] - The focus on community services includes the "Renewal Service Station" and "Convenient Service Station," aiming to create a 15-minute service circle for consumers [3][32] - The company plans to enhance its self-operated capabilities by optimizing product supply chains and focusing on high-quality, cost-effective products [27][20] Group 2: Financial Performance and Market Position - By the end of 2024, the sales proportion of JSAV exclusive products reached 22.6%, contributing to an increase in gross margin and profitability [5] - In 2024, the company achieved a net profit of 6.1 billion yuan, with a year-on-year revenue growth of 34.35% in the fourth quarter [15][26] - The company aims to leverage the expansion of the old-for-new policy, increasing the number of supported product categories from 8 to 12, including digital products [26][15] Group 3: Customer Engagement and Services - The introduction of the "Bee Card" offers various consumer benefits, including a 365-day return policy and free maintenance services [11][30] - The company emphasizes transparent service pricing through its platforms, ensuring consumers are informed about service costs [8] - The "Super Member" program provides exclusive discounts and benefits, enhancing customer loyalty and engagement [30][42] Group 4: Technological Integration and Innovation - The company is investing in AI and digital technologies to improve management efficiency and reduce operational costs [9][22] - The implementation of AI assistants and digital guide screens in stores aims to enhance customer experience and operational efficiency [22] - The company is actively collaborating with brands to launch innovative products, responding to market trends and consumer demands [24][29] Group 5: Challenges and Future Outlook - The company faces challenges such as insufficient internal growth momentum and increasing competition in the home appliance market [12] - To address debt issues, the company is focusing on restoring partnerships with suppliers and negotiating payment terms [14][24] - The strategic direction for the next five years includes strengthening retail service capabilities and enhancing brand reputation [33][40]

Core Viewpoint - The article highlights the significant shift in China's foreign trade landscape, driven by external pressures such as tightening U.S. tariffs and domestic consumption upgrades, leading to a strategic pivot from export to domestic sales for foreign trade enterprises [2][3][6][18]. Group 1: External Factors Impacting Foreign Trade - Recent U.S. tariff policies have directly impacted export-dependent foreign trade companies, leading to a decline in exports [2]. - In the first quarter of 2025, China's exports to the U.S. fell by 12%, with electronic and machinery sectors being the most affected [3]. Group 2: Domestic Market Dynamics - The domestic consumer market is experiencing a shift from quantity to quality, with a growing demand for high-cost performance and differentiated products [5]. - As of October 2024, China's online shopping user base exceeded 900 million, with an average annual consumption frequency of 5.2 times per user and a 7.3% increase in average transaction value [5]. Group 3: E-commerce Platforms' Role - E-commerce platforms like JD.com and Oriental Selection are actively supporting foreign trade enterprises in transitioning to domestic sales through various initiatives, including significant procurement budgets and expedited onboarding processes [6][8][18]. - Platforms are leveraging technology and supply chain advantages to facilitate this transition, with initiatives like AI support from Baidu and rapid store setup from Suning [6][10]. Group 4: Competitive Landscape and Innovation - The competition among e-commerce giants is shifting towards supply chain integration and operational efficiency, with a focus on creating an ecosystem that supports foreign trade enterprises [7][10]. - Innovative models such as JD.com's "buyer system" and Yonghui's "fast track" are aimed at quickly converting foreign trade inventory into effective domestic supply [8][10]. Group 5: Future Outlook and Transformation - The article suggests that the transformation of foreign trade enterprises is not just about survival but also about reshaping the underlying logic of Chinese e-commerce, potentially leading to the emergence of new business models that integrate flexible supply chains and global branding [12][14][19]. - The integration of ESG standards into product selection may become crucial, as products lacking green certification could be excluded from the market [17].

Core Viewpoint - The article discusses the ongoing shift of Chinese foreign trade enterprises towards domestic sales in response to increased tariffs on exports to the U.S., highlighting the collaborative efforts of major companies and government initiatives to support this transition [2][6][26]. Group 1: Major Companies' Initiatives - JD.com plans to invest 200 billion yuan in the next year to purchase export goods for domestic sales, aiming to help foreign trade enterprises quickly enter the domestic market [3][21][22]. - Hema has established a green channel for expedited processing, promising to simplify certification and reduce approval times for foreign trade products [15][20]. - Other platforms like Baidu, Meituan, and Douyin are also providing various forms of support, including AI technology, traffic assistance, and dedicated foreign trade sections [3][24][25]. Group 2: Retail and Supermarket Support - Traditional supermarkets such as Yonghui Supermarket and CR Vanguard have announced measures to facilitate the entry of quality foreign trade products into the domestic market, including opening "green channels" for rapid product listing [5][10][12]. - CR Vanguard has implemented four key measures, including opening direct sales channels in over 2,000 stores and developing private label products [13]. - Lianhua Supermarket is focusing on enhancing product quality by collaborating with returning overseas Chinese to find quality suppliers [13]. Group 3: Government and Association Support - The Chinese Commercial Association and other industry groups have issued a joint statement emphasizing the urgency of facilitating the transition of export goods to domestic sales [26]. - Local governments are also taking action, with initiatives like "Foreign Trade National Goods Selection" in Zhejiang and e-commerce platform matchmaking events in Anhui [28]. - The combined efforts of government, enterprises, and associations aim to alleviate the pressures faced by foreign trade companies and enhance their brand recognition in the domestic market [29].

Core Viewpoint - The Chinese consumer goods retail industry is showing signs of gradual recovery, with a total retail sales of 8.37 trillion yuan in January-February 2025, reflecting a year-on-year growth of 2.98% despite external challenges [1][12]. Industry Overview - Consumer goods retail refers to the commercial activity of selling final consumer goods directly to consumers, playing a crucial role in the distribution of goods from producers to consumers [2]. - The industry has evolved through three main stages: the essential goods phase (1978-1995), rapid growth phase (1996-2010), and the personalized consumption phase (2011-present) [4][5][6]. Industry Development - The retail sales of goods increased by 3.9% year-on-year, with significant growth in specific categories such as communication equipment (26.2%) and cultural office supplies (21.8%) [1][12]. - The retail sales of new energy passenger vehicles surged by 35.5%, with a retail penetration rate of approximately 45%, indicating strong growth in the automotive consumption market [1][12]. Industry Chain - The upstream of the consumer goods retail industry includes suppliers from various sectors such as food and beverages, daily necessities, cosmetics, clothing, and electronics, providing resources for the midstream retail sector [8]. Policy Environment - The Chinese government is implementing policies to enhance consumption quality and structure, with the "Three-Year Action Plan for Optimizing the Consumption Environment (2025-2027)" aiming for significant improvements in consumer experience and market order by 2027 [10][11]. Current Industry Status - The service retail sector grew by 4.9% year-on-year, outpacing goods retail growth, with notable increases in dining (4.3%) and travel services [1][12]. - During the Spring Festival, domestic tourist spending increased by 7.0%, and box office revenue reached a record high of 9.51 billion yuan [1][12]. Key Companies - Major players in the industry include JD.com, Suning.com, Yonghui Superstores, and Walmart, with a trend towards digital transformation and online-offline integration [16][18][20]. Future Trends - The industry is expected to witness continuous innovation in consumption models, with trends such as instant retail, membership retail, and community commerce becoming mainstream [22]. - Technological advancements, including AI and big data, will significantly alter operational models and enhance customer experiences [23]. - The shift towards green and sustainable practices is becoming increasingly important, with companies needing to adapt to consumer preferences for environmentally friendly products [24].