Financial Performance - The company's operating revenue for 2024 was ¥11,786,061,908.57, a decrease of 2.49% compared to ¥12,086,467,638.90 in 2023[19] - The net profit attributable to shareholders for 2024 was ¥76,717,389.27, down 66.16% from ¥226,677,586.81 in 2023[19] - The net profit after deducting non-recurring gains and losses was ¥13,930,196.03, a decline of 89.13% from ¥128,189,387.88 in 2023[19] - The net cash flow from operating activities decreased by 28.16% to ¥1,973,066,353.58 from ¥2,746,436,020.34 in 2023[19] - Basic earnings per share for 2024 were ¥0.0656, a decrease of 66.17% compared to ¥0.1939 in 2023[19] - Total assets at the end of 2024 were ¥28,304,086,062.17, a decrease of 0.68% from ¥28,497,099,631.74 at the end of 2023[19] - The net assets attributable to shareholders at the end of 2024 were ¥4,098,327,920.28, down 2.62% from ¥4,208,470,205.40 at the end of 2023[19] - The weighted average return on equity for 2024 was 1.86%, a decrease of 3.65 percentage points from 5.51% in 2023[19] - The company reported a non-operating income of ¥62.79 million in 2024, down from ¥98.49 million in 2023, indicating a decrease in non-recurring gains[26] - The adjusted EBITDA for 2024 was approximately ¥622.64 million, down 28.84% from ¥875.04 million in 2023[57] - The net profit for the year 2024 was approximately ¥77.30 million, a decrease of 65.92% compared to ¥226.80 million in 2023[57] Revenue Breakdown - In Q1 2024, the company reported operating revenue of approximately ¥3.34 billion, while Q2, Q3, and Q4 revenues were ¥2.78 billion, ¥2.93 billion, and ¥2.74 billion respectively[24] - The company achieved a sales revenue of 35.8 billion CNY in 2024, a year-on-year decrease of 1.8%, and a net profit attributable to shareholders of 0.77 billion CNY, down 66.16% year-on-year[43] - The retail segment accounted for 97.60% of total revenue, with a revenue of approximately ¥11.50 billion, down 1.94% from ¥11.73 billion in the previous year[79] - The sales revenue for shopping centers was approximately ¥1.50 billion, an increase of 5.52% year-on-year, while department stores saw a decrease of 9.85% to approximately ¥1.14 billion[68] - The supermarket segment saw a 48% year-on-year increase in sales of 50 major products, and self-owned brand sales grew by 11%[45] - The revenue from fresh and cooked products increased by 2.83% year-on-year, reaching approximately ¥3.20 billion, accounting for 27.18% of total revenue[78] Store Operations - The company opened 5 new large stores and closed 7 stores during the reporting period, resulting in a total of 214 stores, a net decrease of 2 stores[59] - The total area of the stores reached approximately 478.68 million square meters, with shopping centers accounting for 58.19% of the total area[59] - The company operates in 7 provinces/cities with a total of 35 cities, managing 45 shopping centers, 59 department stores, and 110 supermarkets[58] - The company accelerated the transformation of its key stores, with 19 key stores generating sales of 10.6 billion CNY, accounting for 31% of total sales, while the overall sales of the department store segment decreased by 9.85% year-on-year[44] Digital Transformation - The company has transformed into a digital commerce enterprise, focusing on digital retail and digital industry businesses, enhancing its service offerings through technology[32] - The company aims to enhance its core competitiveness through digital technology, product quality, service innovation, and customer experience[35] - The company is actively developing its digital asset management and customer relationship management systems to improve operational efficiency and customer engagement[36] - The digital membership count reached approximately 50.99 million, an increase of 8.3% year-on-year, with a 1.1% growth in active consumer members[47] - The company launched the first retail AI model, "Bailing Bird AI," and achieved a 22.89% year-on-year increase in revenue from external business collaborations[48] - The company is focusing on enhancing its AI capabilities in retail, aiming to improve customer satisfaction and operational efficiency[94] Cost Management - Total expenses decreased by 5.39% year-on-year as part of the company's cost control initiatives[51] - The main business cost for retail in 2024 was approximately ¥7.39 billion, accounting for 99.38% of total operating costs, a slight decrease of 0.48% compared to 2023[84] - Fresh and cooked products represented 33.98% of the main business cost in 2024, with a total cost of approximately ¥2.53 billion, reflecting a year-on-year increase of 4.62%[85] - Sales expenses decreased by 5.28% to approximately ¥3.68 billion in 2024, while management expenses increased by 8.74% to approximately ¥413.18 million[92] Governance and Management - The company maintains a governance structure compliant with relevant laws and regulations, ensuring effective decision-making and supervision[129] - The company has revised several internal control documents to enhance operational governance[134] - The company has a diverse board composition, including independent directors and supervisors from various sectors[161] - The company has seen changes in its board composition, reflecting a proactive approach to governance and management[145] - The company is committed to maintaining a strong leadership team to navigate future challenges and opportunities[149] Shareholder Engagement - The company held multiple investor communication activities, including a performance briefing on April 1, 2024, attended by a wide range of investors[126] - The annual shareholders' meeting on April 8, 2024, had a participation rate of 60.92%[141] - The first extraordinary shareholders' meeting on October 15, 2024, had a participation rate of 60.00%[142] - The second extraordinary shareholders' meeting on November 11, 2024, had a participation rate of 59.84%[142] Social Responsibility and Community Engagement - The company is committed to supporting community development and charity initiatives as part of its social responsibility efforts[196] - The company established a "Rural Revitalization Department" to enhance its core functions and accelerate the development of new productive forces[199] - In 2024, the company achieved a sales revenue of 160 million yuan from rural revitalization assistance[199]

公司持股 5%以上股东五龙贸易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信息披露义务人提供的信息一致。 天虹数科商业股份有限公司(以下简称"公司")于今日收到公司股东五龙贸 易有限公司（以下简称"五龙公司"）的通知，其于 2025 年 2 月 27 日通过大宗 交易方式减持公司股份 4,613,700 股，占公司总股本的 0.39%；减持后，五龙公 司持有公司股份 116,884,953 股，占公司总股本的 10%。 五龙公司在 2023 年 5 月 31 日至 2025 年 2 月 27 日期间通过深圳证券交易所 交易系统以集中竞价和大宗交易的方式累计减持公司股份 63,055,900 股，具体 情况如下： 一、股东减持情况 | 股东名称 | 减持方式 | | 减持时间区间 | | 减持价格区间 （元/股） | | 减持股数（股） 减持比例（%） | | --- | --- | --- | --- | --- | --- | --- | --- | | 五龙贸易有限公 | 集中竞价 | 2023 -2025 | 年 7 月 ...

天虹数科商业股份有限公司 截至本报告书签署之日，除本报告书披露的信息外，信息披露义务人没有通 过其他方式增加或减少在天虹数科商业股份有限公司拥有权益的股份。 三、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条款，或与之相冲突。 简式权益变动报告书 上市公司名称：天虹数科商业股份有限公司 股票上市地点：深圳证券交易所 股票简称：天虹股份 股票代码：002419 信息披露义务人：五龙贸易有限公司 住所：香港九龙旺角道 33 号凯途发展大厦 16 楼 1601 室 通讯地址：香港九龙旺角道 33 号凯途发展大厦 16 楼 1601 室 权益变动性质：股份减少 签署日期：二〇二五年二月二十八日 天虹数科商业股份有限公司简式权益变动报告书 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国公司法》、《中华人民共和国证 券法》、《上市公司收购管理办法》、《公开发行证券公司信息披露内容与格式 准则第 15 号——权益变动报告书》及相关的法律、法规编写本报告书。 二、依据《中华人民共和国证券法》、《上市公司收购管理办法》的规定， 本报告书已全面披露了信息披露义 ...

证券代码：002419 证券简称：天虹股份 公告编号：2025-005 天虹数科商业股份有限公司 关于持股 5%以上股东减持股份超过 1%的公告 持股 5%以上的股东五龙贸易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。 公司于今日收到五龙公司出具的《关于减持天虹数科商业股份有限公司股份 超过 1%的告知函》，在 2025 年 1 月 16 日至 2025 年 2 月 25 日期间，五龙公司 通过集中竞价、大宗交易方式累计减持公司股份 12,698,800 股，占公司总股本 的 1.09%。根据《上市公司收购管理办法》、《上市公司股东减持股份管理暂行 办法》、《深圳证券交易所上市公司自律监管指引第 18 号——股东及董事、监 事、高级管理人员减持股份》等相关规定，现将有关情况公告如下： 1.基本情况 信息披露义务人 五龙贸易有限公司 住所 香港九龙旺角道 33 号凯途发展大厦 16 楼 1601 室 权益变动时间 2025 年 1 月 16 日-2025 年 2 月 25 日 股票简称 天虹股份 股票代码 002419 变动类型 （可多 选） 增加□ 减少☑ 一致行 ...

Investment Rating - The investment rating for Tianhong Co., Ltd. is "Buy" (maintained) [1] Core Views - The company is facing pressure on its performance in 2024, with a focus on optimizing its business model and enhancing digital capabilities to improve operational efficiency [7][8] - The company anticipates a significant decline in net profit for 2024, with estimates ranging from 60.30% to 73.53% year-on-year [7] - The retail environment remains competitive, impacting overall sales and profitability, but the shopping center segment shows resilience and growth potential [7] Financial Data and Profit Forecast - Total revenue for 2023 is reported at 12,086 million, with a slight expected increase to 12,145 million in 2024, and further growth to 12,376 million in 2025 [6][9] - The net profit for 2023 is 227 million, with a forecasted decline to 77 million in 2024, followed by a recovery to 155 million in 2025 [6][9] - The gross margin is projected to decrease slightly from 38.3% in 2023 to 36.9% in 2025, reflecting changes in the cost structure and competitive pressures [6][9] Business Strategy and Outlook - The company plans to continue upgrading its offline business model and invest in digital transformation to enhance store operational capabilities [7] - The shopping center segment is expected to attract key brands and improve sales, while the department store segment is undergoing adjustments to meet changing consumer demands [7] - The company aims to leverage its digital capabilities, including a large base of digital members and significant online sales, to drive efficiency and growth [7]

天虹数科商业股份有限公司 第六届董事会第二十七次会议决议公告 证券代码：002419 证券简称：天虹股份 公告编号：2025-003 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 天虹数科商业股份有限公司(以下简称"公司") 第六届董事会第二十七次 会议于2025年1月26日以通讯形式召开，会议通知已于2025年1月21日以书面及电 子邮件方式发送全体董事、监事和高级管理人员。本次会议应到董事9名，实到9 名。本次会议的召开符合《公司法》、《公司章程》及《公司董事会议事规则》的 有关规定。 1 特此公告。 天虹数科商业股份有限公司董事会 会议审议通过了《公司 2025 年度日常关联交易预计的议案》 该议案已经公司第六届董事会独立董事专门会议第四次会议审议通过。 关联董事黄俊康先生、向先虎先生、万颖女士、郭高航先生均已回避表决。 表决结果：5票同意，0票反对，0票弃权。 该议案尚需提交公司股东大会审议。 具体内容详见公司在《证券时报》和巨潮资讯网（http://www.cninfo.com.cn） 刊登的《公司 2025 年度日常关联交 ...

证券代码：002419 证券简称：天虹股份 公告编号：2025-004 天虹数科商业股份有限公司 1 | | 招商局积余产业运营服务股份有限 | 提供劳务 | 参考市场公允 | 260 | 159 | | --- | --- | --- | --- | --- | --- | | | 公司及下属企业 | | 价格 | | | | | 小计 | | -- | 7,710 | 6,557 | | 向关联人销 | 中国航空工业集团有限公司及下属 | 商品销售 | 参考市场公允 | 8,000 | 6,163 | | | 企业 | | 价格 | | | | | 招商局积余产业运营服务股份有限 | 商品销售 | 参考市场公允 | 100 | 64 | | 售商品 | 公司及下属企业 | | 价格 | | | | | 莱蒙国际集团有限公司及下属企业 | 商品销售 | 参考市场公允 | 100 | - | | | | | 价格 | | | | | 小计 | | -- | 8,200 | 6,227 | | | | 物管费、水电费、 | | 6,500 | 6,086 | | | 中国航空工业集团有限公司及下属 企业 | 水 ...

Profit Projections - The estimated net profit attributable to shareholders for 2024 is projected to be between 60 million and 90 million yuan, representing a decline of 60.30% compared to the previous year's profit of 226.68 million yuan[4]. - The estimated net profit after deducting non-recurring gains and losses is expected to be between 10 million and 15 million yuan, down 88.30% from 128.19 million yuan in the previous year[4]. - Basic earnings per share are projected to be between 0.0513 yuan and 0.0770 yuan, compared to 0.1939 yuan in the previous year[4]. Sales Performance - The overall sales revenue has slightly decreased year-on-year due to low consumer confidence and intensified competition in the retail market[5]. - The department store segment is transitioning to community life centers, improving customer service and experience, although overall sales in this segment still declined year-on-year[6]. - The supermarket segment is implementing changes to product offerings and organizational structure, resulting in a narrowed year-on-year sales decline[6]. Operational Changes - The company is accelerating the transformation and upgrading of key shopping centers, focusing on enhancing product offerings, which has led to better sales growth in some locations[5]. - The closure of three long-term loss-making stores has impacted the net profit attributable to shareholders by approximately 91 million yuan[6]. - The total expenses have decreased year-on-year due to ongoing cost reduction and efficiency improvement efforts[6]. Financial Reporting - The financial data presented is preliminary and subject to confirmation in the 2024 annual report[7].

证券代码：002419 证券简称：天虹股份 公告编号：2025-001 天虹数科商业股份有限公司 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 天虹数科商业股份有限公司（以下简称"公司"）于 2024 年 11 月 29 日披 露《关于持股 5%以上股东减持股份的预披露公告（2024-041）》，五龙贸易有 限公司（以下简称"五龙公司"）持有公司股份 147,564,453 股（占公司总股本 比例 12.62%），计划自上述公告披露之日起 15 个交易日后的 3 个月内以集中竞 价、大宗交易等方式减持公司股份不超过 35,065,432 股（占公司总股本比例 3%）。 公司于今日收到五龙公司出具的《关于减持天虹数科商业股份有限公司股份 超过 1%的告知函》，在 2024 年 12 月 25 日至 2025 年 1 月 15 日期间，五龙公司 通过集中竞价、大宗交易方式累计减持公司股份 13,367,000 股，占公司总股本 的 1.14%。根据《上市公司收购管理办法》、《上市公司股东减持股份管理暂行 办法》、《深圳证券交易所上市公司自律监管指引第 18 号——股东及董事、监 事、高级管理 ...

Group 1: Digital Innovation and Customer Experience - The company has developed the "Lingzhi Bailing Bird AI model," enhancing customer service through features like AI receipt scanning and loyalty points, significantly improving customer satisfaction [1] - The integration of online and offline shopping environments has optimized search logic and recommendation algorithms, leading to increased search click-through rates and sales conversion rates [1] - The company has implemented a member rights optimization strategy, creating a product knowledge graph and member tagging system for personalized services, enhancing member loyalty [1] Group 2: Business Performance and Growth - The launch of the SP@CE3.0 store in Shenzhen resulted in a 196% year-on-year sales increase and a 121% month-on-month increase on opening day without promotional activities [2] - The company plans to replicate or open approximately 10 SP@CE3.0 stores nationwide by 2025 [2] - The company ranks 14th in the "2023 China Chain Top 100" list, reflecting its strong market position and competitive strength [2] Group 3: Financial Performance and Market Strategy - The company reported a 47.32% year-on-year decline in net profit, primarily due to the closure of certain stores and adjustments in project cooperation conditions [6] - The company aims to enhance inventory turnover and net profit cash content through improved supply chain management and digitalization efforts [10] - The digital retail business has seen an 8.8% increase in customer traffic, with digital membership reaching 50 million [5] Group 4: Future Development and Strategic Initiatives - The company is focusing on becoming a digital commercial enterprise, providing localized services through various retail formats and an integrated online platform [4] - The company is actively exploring AI and new technologies to enhance its retail operations and is committed to a dual-driven strategy of digitalization and industrialization [9] - The company is enhancing its talent acquisition strategy, focusing on digital business architects and supply chain professionals to support ongoing business development [4]