Group 1 - Baisheng Group announced the early termination of its lease contract with China Arts and Crafts Group, leading to the closure of the Fuxingmen Baisheng Shopping Center by the end of the year [1] - The lease termination involves a total area of approximately 17,240 square meters, with a penalty payment of 11.7012 million yuan to be completed by October 10, 2025 [1] - The shopping center has seen a decline in foot traffic, with many stores preparing for closure through discount promotions [1][2] Group 2 - Baisheng Group reported a revenue of 1.963 billion yuan for the first half of the year, a year-on-year increase of 0.93%, and a net profit attributable to shareholders of 22.468 million yuan, reversing a loss from the previous year [1] - Historical financial data shows a consistent decline in net profit over the past five years, with only a slight increase in 2023 [2] - The future of the China Arts and Crafts building is focused on cultural attributes and new consumption formats, aiming to provide a relaxing space for citizens [2]
复兴门百盛年底闭店，将转型长安街上的“文化会客厅”