Group 1: Company Overview - The company is currently undergoing a transformation and upgrade phase, focusing on improving the shopping environment and providing better products and services centered around consumer needs [2]. - The company faces challenges from the increasing number of shopping centers and the diversion of customers to e-commerce platforms, similar to other department stores [2]. Group 2: Business Strategy - The company does not have significant capital needs at the moment and has no plans for major asset-light initiatives [2]. - The company is exploring its operational strategies and attempts to enhance management efficiency through its own supply chain [2]. - The company is continuously seeking value investment opportunities related to its core business, including potential collaborations with e-commerce platforms [2].

证券代码：002561 证券简称：徐家汇 编号：2018-001 上海徐家汇商城股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |------------------------|-------------------------|----------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | 投资者关系活动类别 | ■ | | 特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | | □ | 新闻发布会 □路演活动 | | | | □现场参观 | | □ 其他 | | 参与单位名称及人员姓名 | 瑞银证券 | | | | 时间 | 2018 年 5 月 15 ...

证券代码：002561 证券简称：徐家汇 编号：2018-002 上海徐家汇商城股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |------------------------|-------------------------|------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Expansion Plans - The company is cautious about opening new stores due to uncertainties related to the pandemic [1] - Sub-companies are exploring community store operations, but overall impact is minimal [1] - Future plans include optimizing existing stores and conducting research for new store resources [1] Digital Transformation - The subsidiary, Maike, is focusing on developing a budget system and enhancing retail software [1] - The company is expanding electronic payment interfaces to meet business needs [1] Marketing Strategies - The company is participating in the "Love Shopping Shanghai" electronic coupon campaign to attract customers [2] - Various promotional activities, such as the "55 Shopping Festival" and anniversary celebrations, are being conducted to boost offline traffic [2] Store Experience Enhancement - New dining options and experiential formats are being introduced to attract more customers [2] - The jewelry section in the flagship store has been upgraded, becoming a trendy destination in the area [2] Customer Engagement - The company is enhancing member services through innovative approaches and exclusive offerings for VIP members [3] - Efforts are being made to increase membership numbers and improve customer loyalty through interactive online services [3]

上海徐家汇商城股份有限公司 2022 年第三季度报告 证券代码：002561 证券简称：徐家汇 公告编号：2022-046 上海徐家汇商城股份有限公司 2022 年第三季度报告 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。 1 上海徐家汇商城股份有限公司 2022 年第三季度报告 重要内容提示： 1、董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2、公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财 务信息的真实、准确、完整。 3、第三季度报告是否经过审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 √否 | | 本报告期 | 本报告期 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 比上年同期增减 | | 比上年同期增减 | | 营业收入（元） | 139,848,252.06 | -1.42 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥208,871,739.64, a decrease of 33.06% compared to ¥312,047,263.94 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was a loss of ¥7,300,307.45, representing a decline of 112.34% from a profit of ¥59,179,908.41 in the previous year[21]. - The net cash flow from operating activities was a negative ¥81,036,291.11, a decrease of 264.43% compared to ¥49,284,346.66 in the same period last year[21]. - The basic earnings per share were -¥0.02, down 114.29% from ¥0.14 in the previous year[21]. - The company reported a net profit excluding non-recurring gains and losses of -¥17,745,754.79, a decline of 136.07% from ¥49,195,559.34 in the same period last year[21]. - The company reported a significant decline in revenue and costs due to the impact of the COVID-19 pandemic[64]. - The company’s total comprehensive income for the first half of 2022 was -¥4,400,187.76, a stark contrast to ¥65,141,936.52 in the same period of 2021[147]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,724,823,767.24, a decrease of 5.28% from ¥2,876,717,213.04 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were ¥2,197,306,780.29, down 3.26% from ¥2,271,256,742.36 at the end of the previous year[21]. - The company’s total assets at the end of the reporting period are CNY 2,385,755,981.24, reflecting a slight increase from CNY 2,369,551,706.19 at the end of the previous year[169]. - Total current assets decreased from 1,807,095,307.52 RMB to 1,693,370,081.56 RMB, a decrease of about 6.3%[138]. - Total liabilities decreased from CNY 564,844,597.79 to CNY 490,257,419.75, a reduction of approximately 13.2%[140]. Cash Flow - Cash and cash equivalents decreased by 578.30% to ¥-155,598,134.13, primarily due to a reduction in net cash inflow from operating activities[62]. - Total cash inflow from operating activities decreased to ¥516,381,515.26 in H1 2022 from ¥938,388,121.66 in H1 2021, a decline of approximately 45%[153]. - The ending balance of cash and cash equivalents was ¥797,188,353.23 in H1 2022, down from ¥858,633,033.78 in H1 2021[154]. Strategic Initiatives - The company has acknowledged risks such as declining consumer demand, rising operating costs, and intensified market competition[4]. - The company aims to stabilize revenue and maintain healthy cash flow while reducing costs and improving efficiency in response to ongoing market challenges[31]. - The company plans to optimize shopping spaces and advance key renovation projects in the second half of 2022, including the renovation of the underground parking lot and storefronts[40]. - The company has implemented digital transformation initiatives, including the integration of the micro-mall with the MIS system and enhancements to the BI big data system[36]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company held its annual shareholder meeting on June 21, 2022, where key resolutions were passed[121]. - The total number of common shareholders at the end of the reporting period is 67,186[125]. Operational Performance - The company has a significant presence in prime locations in Shanghai, with most stores being self-owned properties, ensuring stable operating costs[57]. - The company’s online sales remain a small portion of overall operations, having minimal impact on overall business performance[52]. - The company opened 1 new supermarket store with a building area of 2,075.00 m² during the reporting period[47]. Research and Development - The company reported a 196.34% increase in R&D expenses, rising to ¥1,302,993.48, indicating a focus on innovation[61]. - Research and development expenses increased to ¥1,302,993.48 from ¥439,692.44, marking a rise of 195.5%[146]. Compliance and Governance - The company has not experienced any major litigation or arbitration matters during the reporting period[101]. - The company’s financial reporting complies with the relevant accounting standards, ensuring transparency and reliability[184]. - The company has not made any significant asset or equity disposals during the reporting period[72].

Financial Performance - The company's operating revenue for Q1 2022 was ¥150,632,214.47, a decrease of 10.81% compared to ¥168,893,919.66 in the same period last year[4] - The net profit attributable to shareholders was ¥21,090,327.14, down 42.90% from ¥36,935,060.69 year-on-year[4] - The total profit for the period was ¥31,462,779.91, down 40.86% from ¥53,204,904.04 in the same period last year[12] - Net profit for Q1 2022 was ¥23,118,701.59, down 42.2% from ¥40,011,271.03 in Q1 2021[25] - The company reported a total comprehensive income of ¥23,010,923.03 for Q1 2022, down from ¥40,220,229.47 in the previous year[26] Cash Flow - The net cash flow from operating activities was -¥22,927,925.65, a decline of 153.81% compared to ¥42,608,785.40 in the previous year[4] - The net cash flow from operating activities was -¥22,927,925.65, compared to a positive cash flow of ¥42,608,785.40 in the same period last year[28] - The company reported a significant decrease in cash flow from investment activities, with a net cash outflow of -¥2,024,903.76 compared to a net inflow of ¥54,904,068.05 in the previous year, a decline of 103.69%[13] - Cash and cash equivalents at the end of Q1 2022 were ¥927,013,632.27, down from ¥970,260,215.49 at the end of Q1 2021[29] - The company's cash and cash equivalents at the end of the reporting period amounted to ¥932,666,910.46, a decrease from ¥958,439,765.55 at the beginning of the year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,839,128,531.07, a decrease of 1.31% from ¥2,876,717,213.04 at the end of the previous year[4] - The total current assets decreased to ¥1,787,441,769.01 from ¥1,807,095,307.52 at the beginning of the year[21] - The total liabilities decreased from ¥564,844,597.79 to ¥504,244,992.79 during the reporting period[23] - The company's total equity increased to ¥2,334,883,538.28 from ¥2,311,872,615.25 at the beginning of the year[23] Earnings and Expenses - The basic earnings per share decreased by 44.44% to ¥0.05 from ¥0.09 in the same period last year[4] - Total operating costs increased to ¥125,292,844.22, up 1.7% from ¥123,228,861.06 in the previous year[25] - The company incurred sales expenses of ¥20,299,704.64, slightly down from ¥20,980,165.11 in Q1 2021[25] - The company reported a decrease in tax expenses to ¥8,344,078.32 from ¥13,193,633.01 in the previous year[25] Research and Development - Research and development expenses for the period were ¥701,355.52, marking a 100% increase as it was not recorded in the previous year[12] - Research and development expenses were ¥701,355.52, with no prior year data available for comparison[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,306[16] - The largest shareholder, Shanghai Xujiahui Mall (Group) Co., Ltd., holds 30.37% of the shares, totaling 126,274,555 shares[16] Inventory and Payables - The company experienced a 120.60% increase in payable employee compensation, rising to ¥10,707,310.23 from ¥4,853,689.48[9] - The company reported a significant decrease in accounts payable from ¥163,380,186.91 to ¥115,401,691.30[22] - The company’s inventory increased to ¥22,987,935.74 from ¥18,842,768.67 at the beginning of the year[21] COVID-19 Impact - The company expects the ongoing COVID-19 pandemic to have a certain negative impact on its retail business, depending on the progress and duration of pandemic control measures[18] - The company will continue to monitor the COVID-19 situation and assess its impact on financial status and operational results[18] Return on Equity - The weighted average return on equity decreased by 0.73 percentage points to 0.92% from 1.65% in the previous year[4]

Financial Performance - The company's operating revenue for 2021 was ¥619,136,509.28, representing a 5.12% increase compared to ¥588,971,621.56 in 2020[17]. - The net profit attributable to shareholders for 2021 was ¥103,279,272.03, a significant increase of 36.98% from ¥75,394,955.53 in 2020[17]. - The net profit after deducting non-recurring gains and losses was ¥79,562,035.07, which is an 87.65% increase compared to ¥42,400,064.66 in 2020[17]. - The net cash flow from operating activities increased by 41.69% to ¥161,152,616.45 from ¥113,733,934.29 in the previous year[17]. - Basic earnings per share rose to ¥0.25, reflecting a 38.89% increase from ¥0.18 in 2020[17]. - Total assets at the end of 2021 were ¥2,876,717,213.04, an 8.96% increase from ¥2,640,224,396.24 at the end of 2020[17]. - The net assets attributable to shareholders increased by 2.40% to ¥2,271,256,742.36 from ¥2,218,025,199.27 in 2020[17]. - The weighted average return on equity improved to 4.61%, an increase of 1.25 percentage points from 3.36% in 2020[17]. Dividend Distribution - The company plans to distribute a cash dividend of ¥1.60 per 10 shares, based on a total share capital of 415,763,000 shares as of December 31, 2021[4]. - The company declared a cash dividend of 1.60 RMB per 10 shares, totaling 66,522,080 RMB, which represents 100% of the distributable profit[140]. - The total number of shares for the dividend distribution is 415,763,000 shares[140]. - The remaining undistributed profit after the dividend distribution is 720,591,757.82 RMB[140]. Market and Operational Strategy - The company acknowledges risks such as declining consumer demand and rising operational costs, which are discussed in detail in the management analysis section[4]. - The company is focusing on digital transformation, improving the E-MEC system functionality and data analysis capabilities[32]. - The company plans to expand its chain stores and develop cross-regional brands to capture market opportunities[32]. - The company is adapting to market changes by enhancing customer experience and integrating online and offline channels[29]. - The company aims to enhance its core competitive capabilities by focusing on innovation, standardized management, and high operational efficiency[88]. - In 2022, the company plans to implement a "customer-centric" approach, emphasizing product quality, service, and marketing effectiveness to adapt to market changes[89]. - The company plans to undertake the Shanghai Liubai urban renewal project, which may face risks related to policy changes or project approvals, potentially leading to delays or terminations[101]. Employee and Management Structure - The company had a total of 846 employees at the end of the reporting period, with 138 in the parent company and 708 in major subsidiaries[133]. - The employee composition includes 473 sales personnel, 48 technical staff, 33 financial staff, 187 administrative staff, and 105 management personnel[133]. - The company has a strong financial management team, with Xi Yan as the vice general manager and CFO, who has been with the company since 2009[115]. - The management team has a strong educational background, with multiple members holding advanced degrees and professional qualifications[118]. - The company emphasizes the importance of employee training and development, including specialized training for management and technical staff[137]. Internal Control and Governance - The company has established a comprehensive internal control system to mitigate operational risks and enhance management quality[142]. - The company will conduct a third revision of its internal control management manual to adapt to business changes and improve control requirements[142]. - The company has not identified any risks during the supervisory activities of the supervisory board in the reporting period[132]. - The board of directors adhered to legal and regulatory requirements, enhancing decision-making processes and considering the interests of minority shareholders[128]. - The company has reported significant internal control deficiencies that could severely impact operational efficiency and effectiveness[146]. Corporate Social Responsibility - The company has implemented a paperless electronic receipt system in stores to reduce paper consumption and support carbon reduction goals[152]. - The company actively participated in pandemic prevention efforts, assisting local government with material support and receiving positive feedback[153]. - The company achieved its annual voluntary blood donation target and organized community volunteer activities to enhance the surrounding environment[153]. - The company has received various awards for being a civilized unit at different levels, reflecting its commitment to corporate social responsibility[153]. Financial Management and Investments - The company has entrusted financial management with a total amount of 160 million CNY, including 80 million CNY in broker financial products and 80 million CNY in bank financial products[182]. - The company has maintained a continuous relationship with its accounting firm for 15 years, with an audit fee of 730,000 yuan for the current period[167]. - The company has not engaged in any significant asset or equity sales during the reporting period[82]. - The company has not reported any leasing projects that contributed to over 10% of the total profit during the reporting period[178]. Shareholder Structure - The total number of shares is 415,763,000, with 99.16% (412,284,522 shares) being unrestricted shares[190]. - The largest shareholder, Shanghai Xujiahui Mall (Group) Co., Ltd., holds 30.37% (126,274,555 shares) of the total shares[193]. - The company has 23,527 ordinary shareholders as of the report date, an increase from 23,378 in the previous month[193]. - The company has not experienced any changes in its controlling shareholder during the reporting period[196].

Financial Performance - The company's operating revenue for Q3 2021 was ¥141,861,389.03, a decrease of 12.01% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2021 was ¥11,717,801.30, down 51.82% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,458,675.63, a decrease of 60.96% compared to the previous year[2] - Total operating revenue for Q3 2021 was CNY 453,908,652.97, an increase of 6.5% compared to CNY 427,475,506.40 in Q3 2020[20] - Net profit for Q3 2021 reached CNY 78,757,612.29, representing a 6.1% increase from CNY 73,850,100.10 in Q3 2020[21] - The company reported a total comprehensive income of CNY 78,641,035.48 for Q3 2021, compared to CNY 73,553,159.16 in the same period last year[21] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥63,795,711.75, an increase of 146.46%[2] - The net cash flow from operating activities was CNY 63,795,711.75, significantly higher than CNY 25,885,121.34 in the previous year[23] - The company incurred a total of CNY 54,712,392.00 in cash outflows for dividend distributions and interest payments in Q3 2021, down from CNY 158,434,440.00 in Q3 2020[24] - Investment activities resulted in a net cash outflow of CNY 15,321,052.73 in Q3 2021, a decrease from a net inflow of CNY 7,927,580.54 in Q3 2020[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,799,457,919.58, reflecting a 6.03% increase from the end of the previous year[2] - Total current assets as of September 30, 2021, amount to ¥1,717,255,349.65, a slight decrease from ¥1,743,993,370.11 at the end of 2020[16] - Total non-current assets increased to ¥1,082,202,569.93 from ¥896,231,026.13 year-over-year[17] - Total liabilities increased to ¥522,852,403.92 from ¥386,342,316.06 year-over-year[18] - The company's total equity as of September 30, 2021, is ¥2,276,605,515.66, compared to ¥2,253,882,080.18 at the end of 2020[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 22,577[13] - The largest shareholder, Shanghai Xu Jia Hui Mall (Group) Co., Ltd., holds 30.37% of shares, totaling 126,274,555 shares[13] Inventory and Receivables - Accounts receivable decreased to ¥14,400,454.98 from ¥21,253,505.23[16] - Inventory increased to ¥26,661,036.61 from ¥18,885,412.23[16] Research and Development - The company's R&D expenses for the period amounted to ¥814,263.47, marking a 100% increase as it was the first occurrence of such expenses[8] Other Financial Metrics - The company reported a decrease in investment income by 56.03% to ¥7,192,461.85 due to reduced returns from financial products[8] - The company's cash and cash equivalents decreased by 79.64% compared to the previous year, primarily due to reduced cash inflow from financing activities[10] - Cash and cash equivalents at the end of Q3 2021 totaled CNY 856,203,464.68, compared to CNY 805,417,919.24 at the end of Q3 2020[24] - Basic and diluted earnings per share for Q3 2021 were both CNY 0.17, up from CNY 0.16 in Q3 2020[21] - The company experienced a decrease in other comprehensive income, with a tax-adjusted net amount of CNY -116,576.81 in Q3 2021, compared to CNY -296,940.94 in Q3 2020[21]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 312,047,263.94, representing a 17.20% increase compared to CNY 266,245,131.15 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 59,179,908.41, a 40.34% increase from CNY 42,170,279.44 year-on-year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 49,195,559.34, up 59.86% from CNY 30,775,069.21 in the previous year[21]. - Basic earnings per share increased to CNY 0.14, up 40.00% from CNY 0.10 in the previous year[21]. - The company achieved operating revenue of 312.05 million yuan, an increase of 17.20% year-on-year[31]. - The net profit attributable to shareholders was 59.18 million yuan, up 40.34% compared to the same period last year[31]. - The company reported a total of 9.98 million yuan in non-recurring gains and losses, after tax impacts[31]. - The company reported a total comprehensive income of CNY 46,893,790.03 for the current period, which includes a net profit of CNY 41,908,531.50[158]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 49,284,346.66, a significant increase of 412.89% compared to a negative cash flow of CNY 15,751,579.50 in the same period last year[21]. - The company's operating cash flow for the first half of 2021 was ¥49,284,346.66, a significant improvement compared to a negative cash flow of ¥15,751,579.50 in the same period of 2020, indicating a turnaround in operational efficiency[145]. - The ending cash and cash equivalents balance for the first half of 2021 was ¥858,633,033.78, compared to ¥764,885,117.82 at the end of the first half of 2020, representing an increase of approximately 12.3%[147]. - The company generated ¥920,322,888.13 in cash from sales of goods and services, an increase of 32% from ¥697,971,521.99 in the first half of 2020[145]. - The company paid ¥54,712,392.00 in dividends and interest, a significant decrease from ¥158,434,440.00 in the first half of 2020, reflecting a strategic shift in capital allocation[147]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,807,508,170.17, reflecting a 6.34% increase from CNY 2,640,224,396.24 at the end of the previous year[21]. - The total liabilities increased to CNY 544,401,753.47 from CNY 386,342,316.06, reflecting an increase of approximately 41%[130]. - The company's cash and cash equivalents decreased to ¥864,193,775.02, accounting for 30.78% of total assets, down from 33.61% last year[64]. - Current liabilities decreased to CNY 299,425,523.55 from CNY 346,199,599.81, a reduction of about 13.5%[130]. - Non-current liabilities rose significantly to CNY 244,976,229.92 from CNY 40,142,716.25, indicating an increase of approximately 510.5%[130]. Market and Competition - The company acknowledges risks such as declining consumer demand, rising operating costs, and intensified market competition[5]. - The company faces risks from declining consumer demand due to complex international conditions and recurring domestic pandemic issues, leading to slow recovery in retail traffic and demand[73]. - Increased market competition from changing consumer behaviors and excessive commercial real estate development challenges the company's market share and profitability[75]. Strategic Initiatives - The company plans to maintain a focus on sales, cost control, and profit protection in the second half of the year amid ongoing economic uncertainties[36]. - The company plans to enhance shopping environments through various renovation projects, including the completion of upgrades at the Huijin Xuhui store and the initiation of the second phase of public area renovations at the Huijin South Station store[37]. - The company has implemented a "broad discount, full points" marketing strategy to increase member sales, with a focus on activating dormant members through data analysis[38]. - The company aims to enhance the shopping environment and improve product and service quality to increase experiential consumption[75]. Risks and Challenges - The company acknowledges risks such as declining consumer demand, rising operating costs, and intensified market competition[5]. - Rising operational costs in the retail sector, including labor, leasing, renovation, and logistics, pose a risk to the company's profitability[73]. - The company plans to strengthen internal controls and improve processes to manage rising operational costs effectively[74]. Shareholder Information - The company has a total of 415,763,000 shares, with 3,478,478 shares (0.84%) being subject to restrictions and 412,284,522 shares (99.16%) being unrestricted[112]. - The largest shareholder, Shanghai Xu Jia Hui Mall (Group) Co., Ltd., holds 30.37% of the shares, totaling 126,274,555 shares[116]. - The second largest shareholder, Shanghai Commercial Investment Holdings Co., Ltd., holds 7.99% of the shares, totaling 33,230,146 shares[116]. Operational Developments - The company launched five new stores in the first half of the year, enhancing its market presence[34]. - The company developed a digital RMB interface, becoming one of the first physical stores in Shanghai to adopt it[34]. - The company actively participated in promotional events, leading to a significant increase in customer traffic and sales[31]. - The company’s self-operated brand, TONYWEAR, continues to expand in the Yangtze River Delta region, optimizing existing stores based on performance[39]. Compliance and Governance - The financial report for the first half of 2021 has not been audited[126]. - The company’s financial statements comply with the requirements of enterprise accounting standards, reflecting its financial status accurately[176]. - The company has not reported any significant changes in profit composition or sources during the reporting period[57].