Core Viewpoint - The company is focusing on the Hunan market, optimizing store layout, and balancing operational efficiency with store scale to enhance profitability and stabilize business development [1] Group 1 - The company is returning to its traditional advantageous region, Hunan, to maximize operational efficiency and store scale [1] - The company aims to enhance the operational effectiveness of its advantageous stores while leveraging the demonstration effect of "Fat Donglai" to optimize store operations [1] - The company is committed to a flexible combination of dual business formats, ensuring traffic interconnection and value co-creation to meet diverse consumer needs [1] Group 2 - The company is constructing a "high frequency + high quality" commercial ecological loop to provide rich consumer experience scenarios [1] - The company is continuously improving its core competitiveness through refined operations and resource concentration [1]

Core Insights - The company Bubu Gao has been utilizing its central kitchen since September 2014 and has made significant upgrades and adjustments in collaboration with Pang Donglai, which were completed by March 2025 [1] Group 1: Operational Developments - The central kitchen underwent modifications in September 2024, enhancing its production capabilities [1] - New production workshops for baking and cold skin dishes were added, along with upgrades to the overall environment of the cooked food, noodle, meat, and vegetable workshops [1] - The company has successfully developed and launched specialty products such as mooncakes and sauce board duck, which have shown good sales performance [1]

（编辑 王雪儿） 证券日报网讯 步步高10月9日在互动平台回答投资者提问时表示，2024年9月27日，湘潭市中级人民法 院裁定确认公司及十四家子公司重整计划执行完毕，并终结步步高股份及十四家子公司重整程序。 ...

Core Viewpoint - The company has initiated production in its central kitchen with the assistance of a partner, and is focusing on establishing a safe and reliable supply chain for consumers [1] Group 1: Company Initiatives - The company has started production in its central kitchen since March this year, aided by the experience of a partner [1] - The company is in the research and learning phase to establish its own vegetable and fruit planting bases [1] - The company emphasizes its commitment to sincerity, kindness, quality, and safety in providing products to consumers [1] Group 2: Quality Assurance Measures - The company implements customized procurement from production areas to ensure product quality [1] - A three-tier inspection system is in place, including national inspection, independent inspection, and self-inspection, to maintain high standards [1] - The company aims to create a shopping environment where consumers can feel secure in their purchases [1]

Core Viewpoint - The company, Bubugao, currently does not have any supermarkets or department stores in Hainan Province [1] Company Summary - Bubugao responded to investor inquiries on October 9, confirming the absence of supermarkets or department stores in Hainan Province [1]

证券日报网讯步步高（002251）10月9日在互动平台回答投资者提问时表示，公司的股东情况请查阅公 司的定期报告。 ...

每经AI快讯，有投资者在投资者互动平台提问：贵司超市是否开通了线上购物？ 步步高（002251.SZ）10月9日在投资者互动平台表示，目前公司还不成熟，暂时没有恢复配送到家业 务。未来成熟后配送渠道业务希望能有机会和优秀平台及企业合作。 （文章来源：每日经济新闻） ...

每经AI快讯，有投资者在投资者互动平台提问：请问公司在海南省是否有开展零售业务？ 步步高（002251.SZ）10月9日在投资者互动平台表示，目前公司在海南省没有超市或百货门店。 （文章来源：每日经济新闻） ...

Core Insights - The company reported that the overall annual repurchase rate for members in its adjusted stores is approximately 65% [1] - The sales performance of the BL brand products is reported to be good [1] Group 1 - The overall annual repurchase rate for members in adjusted stores is about 65% [1] - The sales situation of BL brand products is performing well [1]

Core Viewpoint - The company, Bubu Gao, is currently not engaged in instant retail business but expresses interest in future collaborations with excellent platforms and enterprises once the business matures [1] Group 1: Instant Retail Business - The company has not yet resumed its instant retail business, indicating it is still in an immature stage [1] - Future plans include potential collaborations with strong platforms and enterprises when the instant retail business is more developed [1] Group 2: Supply Chain and Product Offerings - Bubu Gao prioritizes using the supply chain from the Pang Donglai system for its private label products under equal conditions, including popular items like certain juices and laundry detergents [1] Group 3: Store Renovation - The company has recently renovated its store in Changsha Yanghu Huiju, which reopened on September 21 [1] - There is an inquiry regarding the expected increase in sales revenue post-renovation, although specific percentage improvements were not disclosed [1]