LSGC(SH:600738) Zheng Quan Shi Bao Wang·2025-04-29 13:34Core Viewpoint - Lishang Guochao reported a stable financial performance for 2024 and Q1 2025, with a focus on enhancing operational management and strategic adjustments in response to government initiatives aimed at boosting consumption [1][2]. Financial Performance - In 2024, the company achieved total revenue of 666 million yuan and a net profit of 72.55 million yuan, with basic earnings per share of 0.10 yuan [1]. - For Q1 2025, total revenue was 177 million yuan, with a net profit of 58.84 million yuan and basic earnings per share of 0.08 yuan [1]. Business Segments - The professional market management segment generated 419 million yuan in revenue for 2024, with a gross margin of 76.10%, highlighting its critical role in supporting the company's overall performance [2]. - The rental rates for key markets were high, with the Hangzhou market at approximately 96.5% and the Nanjing market at about 95.6% [2]. - In the retail sector, the company reported 123 million yuan in revenue from its retail business, focusing on enhancing operational capabilities and optimizing customer experience through digital means [2]. - The new retail business segment generated revenue of 26.39 million yuan, reflecting the company's efforts to develop a comprehensive supply chain and expand its advertising media business [2]. Industry Context - The Chinese government is promoting consumption through various initiatives, including the "Buy in China" campaign, which aims to enhance domestic demand amid external economic pressures [3]. - Analysts suggest that expanding domestic demand will be a key focus for the market, especially with the implementation of policies aimed at stimulating consumption [3].