INZONE GROUP(SH:600858) 3 6 Ke·2025-06-09 23:14Core Viewpoint - The leadership change at Yinzuo Group, with Xu Feng replacing Ma Yunpeng as chairman, is a critical step for the company to navigate its operational challenges and seek transformation in the retail sector [1][5][18]. Financial Performance - In 2024, Yinzuo Group reported a revenue of 5.419 billion yuan, a decrease of 2.17% from 5.539 billion yuan in 2023, and a net profit of 67.6519 million yuan, down 68.77% from 217 million yuan in the same period of 2023 [3][4]. - For Q1 2025, the company continued to face difficulties, with revenue of 1.6 billion yuan, a year-on-year decline of 4.32%, and a net profit of 72.2997 million yuan, down 20.66% [4]. Business Segments - The revenue breakdown for Q1 2025 shows: - Department stores: 576.5157 million yuan, with a gross margin of 30.45%, down 11.60% year-on-year - Large supermarkets: 595.7755 million yuan, with a gross margin of 19.61%, down 0.40% - Shopping centers: 128.5605 million yuan, with a gross margin of 41.96%, up 15.71% [4]. Leadership Transition - Ma Yunpeng's resignation was prompted by the company's ongoing struggles in the retail sector, and Xu Feng's appointment is seen as a strategic move to revitalize the company [5][12]. - Xu Feng brings extensive experience in financial management and cross-regional business coordination, which is crucial for Yinzuo's current needs [13][18]. Strategic Focus - Under Xu Feng's leadership, the company aims to enhance digital transformation, accelerate business innovation, and reshape its supply chain to improve competitiveness [18]. - The transition is viewed as an opportunity for Yinzuo to address the challenges left by Ma Yunpeng and to pursue a path of growth and market relevance in the evolving retail landscape [18].