证券代码：002697 证券简称：红旗连锁 公告编号：2024-034 成都红旗连锁股份有限公司 关于公司实际控制权变更事项的进展公告 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。 曹世如女士、曹曾俊先生于 2024 年 6 月 17 日与商投投资签署《四川商投投 资有限责任公司与曹世如及曹曾俊关于成都红旗连锁股份有限公司股份转让事 宜的备忘录》、《四川商投投资有限责任公司与曹世如及曹曾俊关于成都红旗连锁 股份有限公司股份转让协议的补充备忘录》、《四川商投投资有限责任公司与曹世 如及曹曾俊关于成都红旗连锁股份有限公司之股份转让协议的补充备忘录（二）》 （以下简称"《补充备忘录二》"）具体内容详见公司于 2024 年 6 月 18 日披露的 《关于公司实际控制权变更事项的进展公告》（2024-019）。 二、进展情况 2024 年 11 月 1 日，公司接商投投资通知，商投投资于 2024 年 11 月 1 日与 曹世如女士、曹曾俊先生签署《四川商投投资有限责任公司与曹世如及曹曾俊关 于成都红旗连锁股份有限公司股份转让事宜的补充备忘录（三）》（以下简称"《补 ...

Investment Rating - The report maintains a "Buy" rating for the company [3] Core Views - The company reported a revenue of 7.767 billion yuan for the first three quarters of 2024, a year-on-year increase of 1.65%, while the net profit attributable to shareholders was 390 million yuan, a decrease of 4.21% year-on-year [1] - The company is adjusting its store layout and continuously optimizing its product and supply chain [1] - The company plans to transfer its 20% stake in Gansu Hongqi to a state-owned enterprise for a nominal price of 1 yuan, after which it will no longer hold any equity in Gansu Hongqi [1] - The company is focusing on self-operated product development and enhancing logistics and supply chain efficiency through data analytics [1] Financial Performance Summary - For Q3 2024, the company achieved a revenue of 2.581 billion yuan, a year-on-year decrease of 2.17%, and a net profit of 123 million yuan, down 17.91% year-on-year [1] - The gross margin for Q3 2024 was 29.43%, showing a slight increase of 0.03 percentage points year-on-year [1] - The overall expense ratio increased by 0.56 percentage points year-on-year to 24.98% [1] - The company expects revenues for 2024-2026 to be 10.335 billion, 10.645 billion, and 10.965 billion yuan respectively, with net profits of 544 million, 554 million, and 577 million yuan respectively [1][2] Investment Outlook - The company is positioned as a leading convenience store operator in China with growth potential in store expansion, daily sales, and gross margin [1] - The current stock price corresponds to a P/E ratio of 12.5x for 2024, 12.3x for 2025, and 11.8x for 2026 [1][2]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's revenue performance remains stable, with a year-on-year increase of 1.7% in revenue for the first three quarters of 2024, while net profit attributable to the parent company decreased by 4.2% [1][2] - The company plans to divest its 20% stake in Gansu Hongqi for a nominal price of 1 yuan, which is expected to help in shedding non-performing assets without harming the company's interests [2] - The company is positioned as an "Internet + modern technology chain" firm, executing a differentiated competition strategy of "products + services" [3] Financial Performance Summary - For the first three quarters of 2024, the company achieved revenue of 7.767 billion yuan and a net profit of 390 million yuan [1] - The revenue for Q3 2024 was 2.581 billion yuan, reflecting a decrease of 2.2% year-on-year, while net profit for the same period was 123 million yuan, down 17.9% [1] - The gross margin for Q1-Q3 2024 was 29.1%, and the net margin was 5.0%, showing a slight decline compared to the previous year [2] - The company’s investment income decreased by 17.0% year-on-year, primarily due to changes in investment returns from Xinwang Bank and Gansu Hongqi [2] Future Projections - The company forecasts net profits for 2024, 2025, and 2026 to be 578 million, 600 million, and 629 million yuan respectively, with corresponding EPS of 0.42, 0.44, and 0.46 yuan [1][4] - The projected P/E ratios for the next three years are 11.9, 11.4, and 10.9 times [4] Strategic Positioning - The company focuses on optimizing its product structure and enhancing self-operated product development, with successful products like "Hongqi Preferred" whole wheat bread [3] - It emphasizes the integration of physical and online economies, utilizing a data platform to optimize supply chain management and cost control [3]

证券代码：002697 证券简称：红旗连锁 公告编号：2024-030 成都红旗连锁股份有限公司 1、审议通过了《2024 年第三季度报告》 表决情况：本议案有效表决票 9 票，同意 9 票，反对 0 票，弃权 0 票 与会董事一致认为公司《2024 年第三季度报告》的编制和审核程序符合法律 法规及相关监管规定，报告内容真实、准确、完整地反映了公司的实际情况，不 存在任何虚假记载、误导性陈述或者重大遗漏。公司董事、监事、高级管理人员 就该报告签署了书面确认意见，监事会出具了书面审核意见。 《2024 年第三季度报告》详见《中国证券报》、《上海证券报》、《证券日报》、 《证券时报》和巨潮资讯网（http://www.cninfo.com.cn）。 2、审议通过了《关于转让甘肃省红旗便利连锁有限公司股权的议案》 表决情况：本议案有效表决票 9 票，同意 9 票，反对 0 票，弃权 0 票 第五届董事会第十七次会议决议公告 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。 一、董事会会议召开情况 成都红旗连锁股份有限公司（以下简称"公司"）第五届董事会第十七次会议 于 ...

证券代码：002697 证券简称：红旗连锁 公告编号：2024-032 成都红旗连锁股份有限公司 第五届监事会第十一次会议决议公告 本公司及监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。 三、备查文件 1、第五届监事会第十一次会议决议 特此公告 成都红旗连锁股份有限公司 监事会 二、监事会会议审议情况 1、审议通过了《2024 年第三季度报告》 表决情况：本议案有效表决票 3 票，同意 3 票，反对 0 票，弃权 0 票 监事就该报告签署了书面确认意见。 经审核，监事会全体人员认为董事会编制和审核的公司《2024 年第三季度报 告》的程序符合法律、行政法规的规定。报告内容真实、准确、完整的反映了公 司的实际情况，不存在任何虚假记载、误导性陈述或重大遗漏。 《2024 年第三季度报告》详见《中国证券报》、《上海证券报》、《证券日 报》、《证券时报》和巨潮资讯网（http://www.cninfo.com.cn）。 一、监事会会议召开情况 成都红旗连锁股份有限公司（以下简称"公司"）第五届监事会第十一次会 议于 2024 年 10 月 29 日下午 16:00 时以现场方 ...

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]

证券代码：002697 证券简称：红旗连锁 公告编号：2024-031 成都红旗连锁股份有限公司 关于转让甘肃省红旗便利连锁有限公司股权的公告 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。 一、概述 成都红旗连锁股份有限公司（以下简称"公司""红旗连锁"） 于 2024 年 10 月 29 日召开第五届董事会第十七次会议，审议通过了《关于转让甘肃省红旗 便利连锁有限公司股权的议案》，同意公司与兰州国资利民集团有限公司（以下 简称"国资利民"）签署《股权转让协议》，将公司持有的甘肃省红旗便利连锁有 限公司（以下简称"甘肃红旗"、"标的公司"）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。 公司于 2020 年 6 月 11 日召开第四届董事会第十二次会议，审议通过了《关 于对外投资的议案》，同意公司与兰州国资利民资产管理集团有限公司（变更名 称前）签署《战略合作协议》，共同成立甘肃红旗，注册资本拟定为人民币 15,000 万元。公司以信息管理系统使用权、管理团队和模式、供应链平台输出作价出资 人民币 3,000 万元，占注 ...

本资产评估报告依据中国资产评估准则编制 兰州国资利民集团有限公司拟收购成都红旗连锁股份有限公司 所持有的甘肃省红旗便利连锁有限公司 20%股权 所涉及的甘肃省红旗便利连锁有限公司 股东全部权益价值评估项目 资产评估报告 中天成评报字[2024]0240 号 中天成土地房地产资产评估（北京）有限公司 二〇二四年九月二十三日 | 报告编码: | 111170002202400152 | | --- | --- | | 合同编号: | ZG24067 | | 报告类型: | 法定评估业务资产评估报告 | | 报告文号: | 中天成评报字[2024]0240号 | | 报告名称: | 兰州国资利民集团有限公司拟收购成都红旗连锁股 份有限公司所持有的甘肃省红旗便利连锁有限公司 20%股权所涉及的甘肃省红旗便利连锁有限公司 股 | | | 东全部权益价值评估项目 | | 评估结论: | -2.604.500.00元 | | 评估报告日: | 2024年09月23日 | | 评估机构名称: | 中天成十地房地产资产 ( = ) | | 签名人员: | 干峰锁 (资产评估师 50080025 | | | 文春菜 (资产评估师 ...

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》 ...

证券代码：002697 证券简称：红旗连锁 | --- | --- | --- | |-------------------------|----------------------------------------|--------------------------------------------------| | 投资者关系活动 | □特定对象调研 □分析师会议 | 编号：2024--02 | | 类别 | □媒体采访 | √业绩说明会 | | | □新闻发布会 □路演活动 | | | | □现场参观 | | | | □其他 （请文字说明其他活动内容） | | | 参与单位名称及 人员姓名 | 投资者 | | | 时间 2024 | 年 9 月 12 | 日(周四) 下午 13:00-17:00 | | | 地点 公司总部会议室 | | | 上市公司接待人 | 党委书记、董事长、总经理：曹世如 | | | 员姓名 | 副董事长、副总经理、董秘：曹曾俊 | | | | 副总经理、财务负责人：陈慧君 | | | | 四川辖区 2024 明会，主要内容如下： | 年投资者网上集体接待日及半年度报告业绩说 ...