LSGC(SH:600738) Zheng Quan Shi Bao Wang·2025-04-29 14:42Core Viewpoint - Lishang Guochao (600738) reported a revenue of 660 million yuan for 2024, benefiting from national policies aimed at boosting domestic consumption, which provides significant growth opportunities for the company [1] Financial Performance - In 2024, the company achieved a net profit of 72.55 million yuan, with basic earnings per share of 0.10 yuan [1] - The Q1 2025 report showed a revenue of 177 million yuan and a net profit of 58.84 million yuan, with basic earnings per share of 0.08 yuan [1] Shareholder Returns - The company proposed a cash dividend of 1.5 yuan per 10 shares for 2024, totaling 11.03 million yuan, and has distributed a cumulative cash dividend of 168.56 million yuan over the past three years [2] - The company repurchased 7,278,466 shares, accounting for 0.96% of total shares, with a total expenditure of 31.07 million yuan [2] - The controlling shareholder announced a plan to increase holdings by 1% to 2% of total shares, with a maximum expenditure of 76.13 million yuan, reflecting confidence in the company's value [2] Market Management - The company reported a stable performance in its professional market management, with high occupancy rates of 96.5% in Hangzhou and 95.6% in Nanjing [3] - Revenue from professional market management reached 419.23 million yuan, a growth of 2.73%, with a gross margin of 76.10% [3] - The company implemented a digital management strategy, enhancing operational efficiency and merchant activity through platforms like "Lida Tong" and "Lichao Purchase" [3] Asset Optimization - The company aims to empower merchants by optimizing rental structures and enhancing the rental space of core locations [4] - The asset management business is expected to maintain stable performance and ensure a certain asset yield [4] Retail Sector Revitalization - Lishang Guochao's core retail asset, Lanzhou Eurasia Shopping Mall, has undergone multiple adjustments to improve customer experience and has introduced nearly 60 new brands [5] - The company successfully increased member engagement and loyalty through targeted marketing strategies, resulting in higher member spending and recruitment [5] - The integration of online and offline retail models has attracted significant consumer attention [5] New Retail Development - The new retail sector showed signs of recovery in 2024, with the company leveraging its advantages to establish a comprehensive supply chain system [6] - The company is focused on providing all-around service support through e-commerce, logistics, and advertising [6] Strategic Outlook - The company plans to capitalize on national policies aimed at boosting domestic consumption, focusing on traditional business consolidation and digital transformation [7] - Future strategies include upgrading the industrial chain and creating an internal ecosystem centered around core business operations [7]