Investment Rating - The investment rating for the company is not explicitly stated in the provided documents, but the report indicates a positive outlook due to significant improvements in performance and operational adjustments. Core Viewpoints - The company has successfully implemented the "Fat Transformation" strategy, leading to a substantial turnaround in its business performance, with Q1 2025 showing a revenue increase of 24.22% year-on-year and a net profit increase of 488.44% [1][2] - The restructuring process completed in 2024 has introduced 15 investors, alleviating financial pressure and enhancing operational capabilities, which is expected to continue improving the company's performance [3][4] - The company has made significant adjustments to its supply chain and operational model, including the introduction of a transparent pricing model and the establishment of a central kitchen to enhance product offerings [4] Summary by Sections Company Performance - In Q1 2025, the company reported revenues of 1.153 billion, a year-on-year increase of 24.22%, and a net profit of 119 million, reflecting a 488.44% increase [1] - The "Fat Transformation" strategy has led to remarkable sales growth in adjusted stores, with some stores experiencing sales increases of over 300% during the Spring Festival [2] Operational Adjustments - The company closed 74 underperforming stores in 2024 and completed adjustments in 13 stores, focusing on core strengths and improving single-store productivity [2] - The supermarket segment achieved a revenue of 1.839 billion in 2024, a significant increase of 53.06% year-on-year, despite closing 69 stores [2] Strategic Initiatives - The restructuring process has confirmed a debt restructuring gain of 2.879 billion, which has positively impacted the company's financial health [3] - The introduction of a rotating presidency management system and organizational restructuring aims to enhance service quality and operational efficiency [4]

Investment Rating - The investment rating for the company is not explicitly stated in the provided documents, but the report indicates a positive outlook due to significant improvements in performance and operational adjustments [1]. Core Viewpoints - The company has successfully implemented the "Fat Transformation" strategy, leading to a substantial turnaround in its business performance, with Q1 2025 showing a revenue increase of 24.22% year-on-year and a net profit increase of 488.44% [1][2]. - The restructuring process completed in 2024 has introduced new investors and improved operational efficiency, which is expected to enhance the company's core competitiveness [3][4]. - The company has made significant adjustments to its store operations, including closing underperforming locations and optimizing its supply chain, resulting in improved sales and profitability [2][3]. Summary by Sections Company Performance - In Q1 2025, the company reported revenues of 1.153 billion, a year-on-year increase of 24.22%, and a net profit of 119 million, up 488.44% [1]. - The restructuring led to a debt restructuring gain of 2.879 billion in 2024, significantly alleviating financial pressure [3]. Operational Adjustments - The company closed 74 stores in 2024 and completed adjustments on 13 stores, focusing on enhancing the performance of core locations [2]. - The supermarket segment achieved a revenue of 1.839 billion in 2024, a year-on-year increase of 53.06%, despite closing 69 stores [2]. Strategic Initiatives - The introduction of a new management structure and supply chain reforms, including a shift to a transparent pricing model and the establishment of a central kitchen, are expected to further improve operational efficiency [4]. - The company has also engaged in significant procurement from the "Fat Donglai" supermarket, indicating a strategic partnership that enhances its supply chain capabilities [2].

A股零售板块反复活跃，百大集团走出3连板，步步高、大连友谊涨停，国芳集团、翠微股份、赫美集 团、新华都等跟涨。 ...

暗盘资金正涌入这些股票，点击速看>>> 步步高（002251）一字涨停，公司一季度净利润同比增长488%。 ...

| 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | | 道琼斯工业指 38170.41 | | -971.82 | -2.48% | | 纳斯达克指数 15870.90c | | -415.55 | -2.55% | | 标普500 | 5158.20 | -124.50 | -2.36% | 当地时间周一，美股全线下挫。截至收盘，道指跌2.48%，纳指跌2.55%，标普500指数跌2.36%。 个股方面，特斯拉跌5.8%。报道称，该电动汽车制造商平价版Model Y汽车的推出被推迟。 机构认为，当前是战略性看多的窗口期，短期回补缺口有待量能配合。 【财经日历】 2025全球汽车领袖闭门峰会举办 SPARK2025腾讯游戏发布会 | | | ►►中共中央、国务院印发《关于实施自由贸易试验区提升战略的意见》。其中提出： -支持符合条件的自由贸易试验区开展合格境外有限合伙人试点； -支持有条件的自由贸易试验区深化智能网联汽车道路测试、示范应用； -探索建立生物医药企业进口研发用物品"白名单"制度，允许免予办理进口药品通关单； ►►上交所召开私募机构座谈会。与会机构认为 ...

Core Insights - The company reported a significant increase in revenue and net profit for Q1 2025, with revenue reaching 1.153 billion yuan, a year-on-year growth of 24.22%, and net profit at 119 million yuan, a remarkable increase of 488.44% [1] - The company successfully removed its "ST" designation, indicating improved financial health and operational efficiency [1] Financial Performance - For Q1 2025, the company achieved a revenue of 1.153 billion yuan, up 24.22% year-on-year, and a net profit of 119 million yuan, up 488.44% year-on-year [1] - The total revenue for 2024 was 3.431 billion yuan, reflecting an 11.14% increase, with a net profit of 1.212 billion yuan, marking a successful turnaround [1] Strategic Initiatives - The company underwent judicial restructuring, attracting 17 strategic investors and securing 2.5 billion yuan in restructuring funds to mitigate debt risks and optimize its capital structure [2] - The introduction of the "胖东来" operational model led to significant improvements in store performance, with sales in restructured stores increasing five to six times and customer traffic tripling [2] Operational Changes - The company closed 74 underperforming stores while retaining 59 high-quality stores, focusing on creating benchmark stores modeled after "胖东来" [2] - The gross margin for fresh produce in restructured supermarkets increased to 22%, and the exclusive brand ratio in shopping centers reached 31% [2] Future Plans - In 2025, the company aims to build a value system centered on "quality service," with a target for self-branded products to account for over 15% of sales [3] - The company plans to enhance employee benefits, with a 40% average salary increase for frontline staff and over 3 million yuan in profit sharing for restructured stores [3] - Six strategic directions have been outlined for future growth, including management improvements, organizational transformation, and digitalization initiatives [3]

股票简称：步步高 股票代码：002251 公告编号：2025-027 步步高商业连锁股份有限公司 第七届监事会第四次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导 性陈述或重大遗漏。 一、监事会会议召开情况 步步高商业连锁股份有限公司（以下简称"公司"）第七届监事会第四次会议 通知于 2025 年 4 月 17 日以微信的形式送达全体监事，会议于 2025 年 4 月 21 日以通讯表决的方式召开。本次会议应参加表决监事 5 人，实际参加表决监 事 5 人。会议的出席人数、召集召开程序、议事内容符合《中华人民共和国公 司法》（以下简称"《公司法》"）和《步步高商业连锁股份有限公司章程》（以 下简称"《公司章程》"）的有关规定。 二、监事会会议审议情况 经与会监事认真讨论并表决，审议并通过如下议案： 1、会议以 5 票同意，0 票反对，0 票弃权审议通过了《关于＜2025 年第 一季度报告＞的议案》。 经审核，监事会认为董事会编制和审核公司 2025 年第一季度报告的程序符 合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了上 市公司的实际情况，不存在 ...

股票简称：步步高 股票代码：002251 公告编号：2025-026 二、董事会会议审议情况 经与会董事认真讨论并表决，审议并通过如下议案： 1、会议以 9 票同意，0 票反对，0 票弃权审议通过了《关于＜2025 年第 一季度报告＞的议案》。 步步高商业连锁股份有限公司 第七届董事会第四次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导 性陈述或重大遗漏。 一、董事会会议召开情况 步步高商业连锁股份有限公司（以下简称"公司"）第七届董事会第四次会议 通知于 2025 年 4 月 17 日以微信的方式送达，会议于 2025 年 4 月 21 日以 通讯表决的方式召开。本次会议应参加表决董事 9 人，实际参加表决董事 9 人。 会议的出席人数、召集召开程序、议事内容符合《中华人民共和国公司法》（以 下简称"《公司法》"）和《步步高商业连锁股份有限公司章程》（以下简称"《公 司章程》"）的有关规定。 1 步步高商业连锁股份有限公司董事会 该议案已经公司第七届董事会审计委员会第五次会议审议通过。 具体内容请详见巨潮资讯网 （http://www.cninfo.com.cn）上 ...

智通财经4月21日电，步步高(002251.SZ)公告称，2025年第一季度营业收入11.53亿元，同比增长 24.22%；净利润1.19亿元，同比增长488.44%。主要原因是公司以股抵债清偿债务产生重组收益，以及 关闭低效门店，集中资源发展优质门店，提升了整体运营效率。 步步高：2025年第一季度净利润同比增长488.44% ...

Financial Performance - The company's revenue for Q1 2025 reached ¥1,153,173,502.80, representing a 24.22% increase compared to ¥928,362,079.14 in the same period last year[5] - Net profit attributable to shareholders surged to ¥119,043,768.94, a remarkable increase of 488.44% from ¥20,230,315.08 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥42,468,989.71, up 399.70% from ¥8,498,826.59 in the previous year[5] - Basic and diluted earnings per share both increased to ¥0.04, reflecting a 300.00% rise compared to ¥0.01 in the same period last year[5] - Total operating revenue for the current period reached ¥1,155,131,570.30, an increase of approximately 24.1% compared to ¥930,807,607.00 in the previous period[20] - Operating profit for the current period was ¥130,119,194.60, significantly up from ¥37,546,061.73 in the previous period, marking an increase of approximately 245.5%[20] - Net profit attributable to the parent company was ¥119,043,768.94, compared to ¥20,230,315.08 in the previous period, reflecting an increase of approximately 487.5%[21] - The total comprehensive income for the current period was ¥124,806,039.64, compared to ¥21,870,325.97 in the previous period, an increase of approximately 471.5%[21] - The company recorded a significant increase in investment income, reaching ¥69,594,801.18 compared to ¥2,577,823.78 in the previous period, marking an increase of approximately 2590.5%[20] Cash Flow - Cash flow from operating activities decreased by 29.23% to ¥129,565,205.37, down from ¥183,070,330.30 in the same quarter last year[11] - The net cash flow from operating activities was ¥129,565,205.37, down from ¥183,070,330.30 in the previous period, indicating a decrease of approximately 29.2%[22] - The total cash inflow from operating activities was ¥1,747,420,428.62, compared to ¥1,496,362,207.29 in the previous period, an increase of approximately 16.8%[22] - Cash outflow from investment activities totaled $129,264,700, significantly up from $43,633,177 in the previous period, marking an increase of approximately 195%[23] - Net cash flow from investment activities was -$104,785,868.42, worsening from -$32,655,807.72 year-over-year[23] - Cash outflow from financing activities amounted to $56,173,104.10, down from $132,513,014.61, indicating a decrease of about 58.6%[23] - Net cash flow from financing activities was -$56,173,104.10, compared to -$108,532,152.49 in the prior period[23] - The net increase in cash and cash equivalents was -$31,393,767.15, contrasting with a positive increase of $41,882,370.09 in the previous period[23] - The ending balance of cash and cash equivalents stood at $971,290,200.01, up from $541,081,575.58 year-over-year[23] Assets and Liabilities - The company's total assets slightly decreased by 0.12% to ¥22,101,816,178.75 from ¥22,129,133,901.52 at the end of the previous year[5] - Total current assets decreased from 1,970,095,952.45 CNY to 1,898,251,604.23 CNY, a decline of approximately 3.65%[17] - Inventory decreased from 325,168,201.37 CNY to 253,534,718.70 CNY, a reduction of about 22.05%[17] - Total current liabilities decreased from 2,273,634,291.95 CNY to 2,142,377,214.75 CNY, a decline of about 5.78%[18] - The company reported a decrease in accounts payable from 772,504,266.05 CNY to 596,947,480.01 CNY, a reduction of approximately 22.73%[18] - Non-current assets increased from 20,159,037,949.07 CNY to 20,203,564,574.52 CNY, an increase of about 0.22%[18] - Total liabilities decreased to ¥13,724,799,407.09 from ¥13,910,956,215.84, a reduction of approximately 1.3%[19] - Total equity attributable to shareholders increased to ¥8,022,482,200.13 from ¥7,869,179,872.68, an increase of approximately 1.9%[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 45,024[13] - The largest shareholder, Bubu Gao Commercial Chain Co., Ltd., holds 11.14% of shares, totaling 299,508,188 shares[14] - The second-largest shareholder, Bubu Gao Investment Group Co., Ltd., holds 7.19% of shares, totaling 193,297,635 shares, with 187,173,300 shares pledged[13] Operational Strategy - The company has focused on optimizing resource allocation by closing underperforming stores and concentrating on high-quality outlets, which has improved overall operational efficiency[10] - The company has not disclosed any new product developments or market expansion strategies in the current report[15] Governance and Compliance - The company did not undergo an audit for the first quarter report[24] - The new accounting standards will be first implemented starting in 2025[24] - The company’s board meeting was held on April 22, 2025[25]