Group 1: Investor Relations Activity - The investor relations activity took place on March 7, 2025, at 13:45 in SuningPro Wuhan Central South Store [1] - Participants included representatives from various investment firms such as Industrial Securities, CICC, and Huisheng Fund [1] - The meeting involved a site visit and discussions on the implementation of the national subsidy policy and its impact on sales [1] Group 2: Key Discussion Points - Investors focused on the effects of the 2025 national subsidy policy on sales performance [1] - Topics covered included subsidy strength, performance across different product categories, brand performance, and market response [1] - The company ensured compliance with information disclosure regulations, maintaining the accuracy and timeliness of shared information [1]

Group 1: Investor Relations Activity - The investor relations activity involved a site visit to SuningPro Wuhan Central Store on March 6, 2025 [1] - Participants included representatives from various funds such as Changjiang Securities, Huashan Fund, and others [1] - The meeting focused on the implementation of national subsidy policies and their impact on sales [1] Group 2: Key Discussion Points - Topics discussed included store layout, national subsidy scope, product category expansion, and consumer engagement [1] - The performance of different brand categories and the integrated service of Suining Home were also reviewed [1] - The company emphasized compliance with information disclosure regulations, ensuring accurate and timely communication [1]

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]

以下文章来源于真故研究室 ，作者孙玥 真故研究室 . 真问题，更商业 CEO下去了，创始人上来了。 作者 | 孙玥 编辑｜龚正 来源 | 真故研究室 （ID：zhengulab） 2024年，全球涌起CEO下岗潮。汽车行业是重灾区，从极越、哪吒、零跑、保时捷到Stel lantis，CEO都有汰换；受降级影响的消 费行业，从星巴克到雀巢等也都换了CEO。 CEO下岗的背景是，市场周期和人们的消费需求发生了巨变，更换掌舵人被企业视为重整经营的第一环。这也显示出CEO们的尴尬， 不掌握生产资料的他们，本质都是一打工的，也是一个背锅的。 全球CEO下岗潮 年关在即，极越CEO夏一平迎来下岗倒计时。 12月11日，5000多名极越员工措手不及，工资停发、社保断缴。次日，数十名极越主播和销售开始在官方直播间在线求职。 成立仅三年，这个被百度和吉利两个大佬兜底、含着金汤匙出身的明星造车企业突然溃散。所有矛头都指向CEO夏一平。 入职极越前身集度之前，夏一平曾在福特汽车、菲亚特克莱斯勒等汽车公司工作，还有摩拜单车的创业经验，凭着懂车、懂互联网、 懂技术的履历光环，被百度元老、百度资本董事长任旭阳看中。 但据前员工爆料， 夏 ...

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 ...