12月3日晚间，红旗连锁（002697.SZ）公布一系列人事调整。 据悉，公司董事会于近日收到了董事长曹世如、董事会秘书曹曾俊提交的书面辞职报告，曹世如申请辞 去公司第五届董事会董事长职务，辞去后将继续任公司总经理，曹世如目前持有公司股份2.46亿股；曹 曾俊申请辞去董事会秘书职务，辞职后继续担任公司副总经理职务，曹曾俊持有公司股份3621万股。 此外，陈慧君近日也申请辞去财务负责人、副总经理职务，辞职后将继续在公司任职，陈慧君持31.81 万股。 王宁、文春林、牛灏、熊健也提交的辞职报告，因工作调动，上述高管申请辞去副总经理职务，辞去副 总经理职务后，将继续在公司任职。截止公告披露日，王宁持持35.29万股，文春林持34.62万股，牛灏 持33万股，熊健持47.09万股。 与此同时，红旗连锁监事会于近日收到公司监事会主席汤世川的辞职报告，汤世川申请辞去第五届监事 会主席职务，辞去监事会主席职务后仍任公司监事。据悉汤世川持股1万股。 "这是正常的变动"，接近公司的人士表示，根据当时股权转让协议，川商投资控股公司有一定的董事， 高管，监事席位，所以公司这边就必须有人辞任，才能有空位，所以这是很正常的。 根据曹世 ...

公 司 点 评 报 告 ＃assAuthor＃ 公 司 研 究 | --- | --- | |-----------------------------------------|------------| | | | | ＃市场数据 marketData ＃ 市场数据日期 | 2024-11-08 | | 收盘价（元） | | | 总股本（百万股） | 5.50 | | | 1360.00 | | 流通股本（百万股） | 1077.58 | | 净资产（百万元） | 4,331.91 | | 总资产（百万元） | 8315.50 | | 每股净资产(元 ) | 3.19 | ＃相关报告 relatedReport＃ 《【兴证社服&零售】红旗连锁： 积极探索线上业态，投资收益增 长明显》2023-11-02 《【兴证社服&零售】红旗连锁： 23H1 主业+新网银行收益亮眼， 全面提升线上线下一体化》 2023-08-21 《【兴证社服&零售】同店优于 行业，新网银行拖累业绩--红旗 连锁 2020 三季报点评》2020-10- 20 S0190519050001 金秋 jinqiu@xyzq.com.cn S0 ...

股 票 研 究 股票研究 /[Table_Date] 2024.11.15 [table_Authors]刘越男(分析师) 021-38677706 liuyuenan@gtjas.com 登记编号S0880516030003 | --- | --- | |------------------------------|-----------------------------| | | | | 赵国振 ( 分析师 ) | 宋小寒 ( 分析师 ) | | 021-38031044 | 010-83939087 | | zhaoguozhen028586@gtjas.co m | songxiaohan026736@gtjas.com | | S0880524030006 | S0880524080011 | 川商投接手稳步推进，内部调改效果初现 红旗连锁(002697) 批零贸易业[Table_Industry] /可选消费品 | --- | --- | --- | |--------------------------------|------------|-------| | | | | | [Table_ ...

[Table_MainInfo] 公司研究/商业贸易/卖场与超市 证券研究报告 红旗连锁（002697）公司跟踪报告 2024 年 11 月 14 日 [Table_InvestInfo] 投资评级 优于大市 维持 | --- | --- | |---------------------------------------------------------|--------------------| | 股票数据 | | | 11 [ Table_StockInfo 月 13 日收盘价（元） ] | 5.40 | | 52 周股价波动（元） | 4.03-5.91 | | 总股本 / 流通 A 股（百万股） | 1360/1078 | | 总市值 / 流通市值（百万元） | 7344/5819 | | 相关研究 | | | [Table_ReportInfo] 《 2Q24 收入增 2.8% 主业净利增 | 3% ，关注股 | | 权转让进展》 2024.07.26 | | | 《 4Q23 主业净利增 20% | ，主业净利率提升》 | | 2024.04.03 | | | 《 3Q23 控费提效，高基数 ...

股 票 研 究 股票研究 /[Table_Date] 2024.11.06 ——红旗连锁 2024Q3 业绩点评 [table_Authors]刘越男(分析师) 021-38677706 liuyuenan@gtjas.com 登记编号S0880516030003 | --- | --- | |------------------------------|--------------------------| | | | | 赵国振 ( 分析师 ) | 陈笑 ( 分析师 ) | | 021-38031044 | 021-38677906 | | zhaoguozhen028586@gtjas.co m | chenxiao015813@gtjas.com | | S0880524030006 | S0880518020002 | 本报告导读： 公司聚焦主业不断优化产品结构和调整门店布局，持续推进线上线下一体化，叠加 四川商投入主后能有效赋能，有望实现进一步发展。 投资要点： [Table_Summary] 考虑到公司不断聚焦主业降本增效，上调公司 2024/25/26 年 EPS 分 别为 0.44/0.47 ...

商贸零售 证 券 研 究 报 告 2024 年 11 月 03 日 红旗连锁 (002697) ——投资收益拖累利润，拟剥离甘肃红旗 20%股权 | --- | --- | |-----------------------------|-------------------------------| | 市场数据： | 2024 年 11 月 01 日 | | 收盘价（元） | 5.06 | | 一年内最高/最低（元） | 5.91/4.03 | | 市净率 | 1.6 | | 息率（分红/股价） | 2.45 | | 流通 A 股市值（百万元） | 5,453 | | 上证指数/深证成指 | 3,272.01/10,455.50 | | --- | --- | |------------------------------|-------------------------------| | | | | 基础数据 : | 2024 年 09 月 30 日 | | 每股净资产（元） | 3.19 | | 资产负债率 % | 47.90 | | 总股本/流通 A 股（百万） | 1,360/1,078 | | ...

证券研究报告 | 季报点评 gszqdatemark 2024 11 01 年 月 日 红旗连锁（002697.SZ） 推进门店调整，产品及供应链持续优化 事件：1）10 月 29 日，公司发布 2024 年三季报，2024Q1-3 实现营业收 入 77.67 亿元/同比+1.65%，归母净利润 3.9 亿元/同比-4.21%，扣非归 母净利润 3.54 亿元/同比-8.72%；单 2024Q3 实现营业收入 25.81 亿元/ 同比-2.17%，归母净利润 1.23 亿元/同比-17.91%，扣非归母净利润 1.12 亿元/同比-23.43%。2）公司拟将持有的甘肃红旗 20%股权以 1 元对价转 让给国资利民，股权转让完成后，公司不再持有甘肃红旗股权。 门店端合理调整布局，产品及供应链持续优化。1）主业：加强自营商品 开发，合理调整门店布局。①公司加强自营商品开发力度，" 红旗优选"全 麦大列巴获消费者喜爱，未来将不断优化商品结构，开发更多自有商品； ②同时合理调整门店布局，并对长期不能实现扭亏的门店进行调整，据 2024 年半年报截至 2024Q2 公司共有门店 3655 家，预计 Q3 同店维持负 增 ...

F源证券 商贸零售/一般零售 公 司 研 究 红旗连锁（002697.SZ） 2024 年 10 月 30 日 营收表现稳健，拟剥离甘肃红旗不良资产 ——公司信息更新报告 投资评级：买入（维持） 黄泽鹏（分析师） 骆峥（分析师） huangzepeng@kysec.cn 证书编号：S0790519110001 luozheng@kysec.cn 证书编号：S0790524040008 | --- | --- | |-------------------------|------------| | 日期 | 2024/10/29 | | 当前股价 ( 元 ) | 5.05 | | 一年最高最低 ( 元 ) | 5.91/4.03 | | 总市值 ( 亿元 ) | 68.68 | | 流通市值 ( 亿元 ) | 54.42 | | 总股本 ( 亿股 ) | 13.60 | | 流通股本 ( 亿股 ) | 10.78 | | 近 3 个月换手率 (%) | 112.43 | 公司 2024 年前三季度营收同比+1.7%，归母净利润同比-4.2%，保持稳健 公司发布三季报：2024Q1-Q3 实现营收 77.67 亿 ...

Financial Performance - Revenue for the third quarter was RMB 2.58 billion, a decrease of 2.17% year-over-year[2] - Net profit attributable to shareholders for the third quarter was RMB 123.43 million, down 17.91% year-over-year[2] - Total revenue for the first nine months of 2024 was RMB 7.77 billion, an increase of 1.65% year-over-year[2] - Net profit attributable to shareholders for the first nine months was RMB 390.01 million, a decrease of 4.21% year-over-year[2] - Total operating income for the quarter reached 7.767 billion RMB, a 1.65% increase compared to the same period last year[11] - Operating costs amounted to 7.448 billion RMB, up 1.97% year-over-year[12] - Net profit for the quarter was 390.01 million RMB, a 4.21% decrease compared to the previous year[13] - Basic earnings per share (EPS) for the quarter was 0.29 RMB, down from 0.30 RMB in the same period last year[13] Assets and Liabilities - Total assets as of the end of the third quarter were RMB 8.32 billion, an increase of 2.53% compared to the end of the previous year[2] - Equity attributable to shareholders was RMB 4.33 billion, an increase of 5.39% compared to the end of the previous year[2] - Total assets increased to 8,315,502,681.42 yuan, up from 8,110,293,782.99 yuan at the beginning of the period[10] - Total liabilities stood at 3.983 billion RMB, slightly down from 3.999 billion RMB in the previous period[11] - Total equity attributable to the parent company increased to 4.332 billion RMB from 4.110 billion RMB[11] - Total assets reached 8.316 billion RMB, up from 8.110 billion RMB in the previous period[11] Cash Flow - Sales of goods and services received cash of 8,589,367,053.08 yuan, a slight decrease compared to the previous period's 8,595,238,727.43 yuan[14] - Total cash inflow from operating activities was 8,663,301,005.47 yuan, slightly higher than the previous period's 8,646,913,770.23 yuan[15] - Cash outflow for purchasing goods and services was 6,389,152,215.90 yuan, an increase from the previous period's 6,288,281,792.33 yuan[15] - Net cash flow from operating activities increased to 798,028,872.86 yuan, up from 677,532,165.86 yuan in the previous period[15] - Cash received from investment returns was 1,006,731,317.85 yuan, significantly higher than the previous period's 646,150,791.80 yuan[15] - Net cash flow from investment activities improved to -35,721,674.24 yuan, compared to -130,439,705.20 yuan in the previous period[15] - Net cash flow from financing activities was -670,250,245.54 yuan, an improvement from -1,120,091,492.96 yuan in the previous period[15] - Net increase in cash and cash equivalents was 92,056,953.08 yuan, a significant improvement from the previous period's -572,999,032.30 yuan[16] - Ending cash and cash equivalents balance was 1,819,728,837.77 yuan, up from 1,495,187,313.96 yuan in the previous period[16] Business Operations and Investments - The company achieved value-added business revenue of RMB 2.27 billion[5] - Investment income from Xinwang Bank and Gansu Hongqi was RMB 85.84 million[5] - The company launched the "Hongqi Preferred" whole wheat bread, which has been well-received by consumers[5] - The company optimized its logistics and distribution system and increased investment in information technology, leveraging the Hongqi Cloud big data platform[5] - Investment income decreased to 92.29 million RMB, down 17.05% compared to the same period last year[12] Financial Position - Monetary funds rose to 1,829,256,037.77 yuan, compared to 1,736,789,419.69 yuan at the start of the period[9] - Accounts receivable increased to 177,232,115.98 yuan, up from 90,951,464.85 yuan[10] - Inventory grew to 2,209,151,410.65 yuan, compared to 2,037,518,638.84 yuan[10] - Long-term equity investments reached 1,171,673,539.17 yuan, up from 1,131,279,420.63 yuan[10] - Fixed assets decreased to 1,005,776,326.43 yuan, down from 1,053,192,371.17 yuan[10] - Contract liabilities increased to 1,129,322,442.06 yuan, up from 1,052,150,721.92 yuan[10] - Total current assets amounted to 4,843,995,832.88 yuan, compared to 4,526,864,053.86 yuan[10] - Total non-current assets decreased to 3,471,506,848.54 yuan, down from 3,583,429,729.13 yuan[10] - Accounts payable decreased to 1,521,558,751.97 yuan, down from 1,561,799,184.08 yuan[10] Expenses - Sales expenses rose to 1.727 billion RMB, a 0.63% increase compared to the previous year[12] - Financial expenses increased significantly to 60.69 million RMB, up 53.1% year-over-year[12]

公 司 研 究 证券研究报告 ＃＃industryId＃＃ 零售 ＃investSuggestion＃ ＃investSuggestion＃ 增持 ( ＃ investSug gestionCh ange＃ 维持） 公 司 点 评 报 告 | --- | --- | |--------------------------------|-------------------------------------| | | | | 日期 | 2024-09-11 | | 收盘价（元） | 4.21 | | 总股本（百万股） | 1,360.00 | | 流通股本（百万股） | 1,077.58 | | 净资产（百万元） | 4,208.48 | | 总资产（百万元） | | | | 8,096.77 | | 每股净资产（元） 来源： WIND | 3.09 ，兴业证券经济与金融研究院整理 | ＃相关报告 relatedReport＃ 《【兴证社服&零售】红旗连锁 2023 年报暨 2024 一季报点评： 业绩稳健增长，国资入驻强化资 源整合》 《【兴证社服&零售】红旗连锁：积 极探索线上业态，投资收益增长明 显》 ...