ZHUHAI ZHUMIAN GROUP(SH:600185) Zheng Quan Zhi Xing·2025-08-25 16:52Core Viewpoint - The company has developed a "Quality Improvement and Efficiency Enhancement" action plan for 2025 to align with national policies and enhance its investment value, focusing on the core business of duty-free operations and transitioning away from real estate [1]. Group 1: Business Focus and Strategic Transformation - The company is shifting its strategic focus to a "duty-free + commercial management + trade" business development system, following the transfer of its controlling shareholder's equity to Huafa Group [1]. - The company has completed a name and securities abbreviation change in May 2025, aiming to establish itself as a major player in the consumer industry across the Guangdong-Hong Kong-Macao Greater Bay Area and beyond [1]. Group 2: Duty-Free Segment Development - The company has established a comprehensive duty-free business layout in strategic areas like the Greater Bay Area, enhancing its port duty-free and cross-border business operations [2]. - In the first half of 2025, approximately 110 million people entered and exited through key ports, marking a 12% year-on-year increase, with vehicle and vessel checks rising by 25% [2]. - The company is leveraging AI for customer flow analysis to optimize product display and inventory management, aiming to increase market share [2]. Group 3: Commercial Management Innovations - The company is enhancing its commercial management capabilities and diversifying its consumer offerings through projects like Gree Coast MALL and Gree Coast Town [3]. - Collaborations with Alibaba Cloud and Intime Commercial Group are underway to create a smart retail platform, improving retail efficiency and consumer experience [3]. Group 4: Trade and Supply Chain Strengthening - The company is focusing on cross-border e-commerce and smart logistics to create a comprehensive supply chain platform, integrating procurement, warehousing, and digital marketing [4]. - The Hongwan Fishing Port project aims to establish a seafood trading center and smart cold storage, with an annual unloading capacity exceeding 60,000 tons [4]. Group 5: Governance and Investor Relations - The company has revised its governance structure by canceling the supervisory board and enhancing the audit committee's role, ensuring compliance with relevant regulations [5]. - In the first half of 2025, the company held 7 board meetings and 4 shareholder meetings, passing 45 resolutions to ensure legal and compliant operations [5]. - The company has improved its investor communication through various channels, responding to over 240 investor hotline calls and 139 inquiries on the Shanghai Stock Exchange E-interaction platform [5]. Group 6: ESG and Information Disclosure - The company has adhered to strict information disclosure practices, releasing its 2024 Annual Report and 2025 Q1 Report, with no violations reported [6]. - The company achieved an A-level ESG rating in July 2025, reflecting its commitment to sustainable development and social responsibility [6]. Group 7: Leadership and Compliance - The company emphasizes the responsibilities of its key personnel, providing training to enhance compliance knowledge and decision-making capabilities [7]. - Regular meetings of independent directors and audit committees are held to strengthen oversight of key areas such as related transactions and internal controls [7].