国光连锁: 江西国光商业连锁股份有限公司关于2024年度暨2025年第一季度业绩说明会召开情况的公告

Group 1: Company Performance - In 2024, the company's revenue increased by 11.43% year-on-year, while the net profit decreased by 81.62%. In Q1 2025, revenue grew by 5.23%, but net profit fell by 18.07% [2][3] - The decline in net profit for 2024 was attributed to the provision for equity incentive expenses of 6.3779 million yuan, a decrease in asset disposal income, and reduced government subsidies compared to the previous year [2][3] - The company is undergoing a transformation to a bare-price procurement model, which may cause short-term challenges but is expected to benefit sustainable development in the long run [2][3] Group 2: Competitive Landscape - The company views healthy competition as beneficial for driving progress and sustainable development, leading to improved product quality and services [2] - The company has established a strong local presence in Ji'an and Ganzhou, with stores located in key areas, creating competitive barriers [2] - The company has built stable relationships with suppliers and possesses strong bargaining power due to its reputation and customer loyalty [2] Group 3: Future Strategies - The company plans to deepen supply chain reforms, focusing on bare-price procurement to enhance efficiency in product sourcing [3] - The strategy includes concentrating on "single product kings" and maintaining long-term cooperative relationships with key suppliers [3] - The company aims to implement a dual-track operation of "cost-effective" and "high-quality cost-effective" products to ensure sustainable growth [3] Group 4: Industry Outlook - The consumption market is expected to maintain stable growth, supported by government policies aimed at boosting domestic demand and consumption [4] - Despite overall growth, there are concerns about insufficient effective demand and the need to enhance consumer spending capacity and willingness [4] - As the economy continues to recover and income levels rise, the consumption market is anticipated to expand further, bolstered by new consumption models and policies [4]