茂业商业(600828) - 2025 Q2 - 季度业绩预告

Performance Forecast The company forecasts a significant decline in its first-half 2025 performance, with attributable net profit expected to decrease by 69% to 79% 2025 H1 Performance Forecast | Metric | 2025 H1 Forecast | Change from Prior Year Period | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | 31.42 million yuan - 47.13 million yuan | Decrease 104.97 million yuan - 120.68 million yuan | -69.01% to -79.34% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 31.92 million yuan - 47.63 million yuan | Decrease 83.42 million yuan - 99.13 million yuan | -63.66% to -75.64% | Review of Prior Year Period Performance This section reviews the prior year's first-half performance, including attributable net profit of 152 million yuan and EPS of 0.0878 yuan 2024 H1 Performance | Metric | 2024 H1 Amount | | :--- | :--- | | Total Profit | 202.57 million yuan | | Net Profit Attributable to Shareholders | 152.10 million yuan | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 131.05 million yuan | | Earnings Per Share | 0.0878 yuan | Reasons for Performance Decline and Future Outlook The performance decline is due to weak retail consumption and strategic store upgrades, with future strategies focusing on experiential formats and digital transformation - External Factor: The retail department store industry remains in a bottoming-out phase, with overall consumer momentum and willingness not fully recovered, leading to a year-on-year decline in operating revenue[7] - Internal Factor: To address industry challenges, the company proactively upgraded and transformed existing stores, which had a short-term impact on performance[7] - Future Strategy: The company plans three key initiatives to boost business: 1) Continuous upgrades and transformations, adding experiential formats like dining, leisure, and night economy; 2) Optimizing brands and categories, introducing trendy elements; 3) Advancing digital transformation to integrate online and offline businesses for dual-direction traffic[7][8] Risk Warning The company confirms no significant uncertainties affect the accuracy of this performance forecast - The company states there are no significant uncertainties affecting the accuracy of this performance forecast[9] Other Explanations The company clarifies that the disclosed performance data is preliminary, with final accurate figures subject to the official 2025 semi-annual report - This forecast data is preliminary, and the final financial data will be subject to the company's officially disclosed 2025 semi-annual report[10]