茂业商业: 茂业商业2025年半年度经营情况简报

Core Viewpoint - The company, Maoye Commercial Co., Ltd., reported its main operating data for the first half of 2025, highlighting a lack of new or closed stores and a significant decline in revenue and gross profit margins across various retail formats [3][4]. Group 1: Store Changes - During the reporting period, the company had no new store openings or closures, maintaining a total of 23 retail stores across different formats as of the report date [3]. Group 2: Key Operating Data - The total revenue for the first half of 2025 was 86,666.99 million yuan, with a cost of 43,742.21 million yuan, resulting in a gross profit margin of 49.53%, which decreased by 3.21 percentage points year-on-year [3]. - The department store segment in Chengdu generated revenue of 9,493.94 million yuan, with a gross profit margin of 33.31%, reflecting a year-on-year decline of 4.60 percentage points [3]. - The shopping center segment in Chengdu reported revenue of 1,586.74 million yuan, with a gross profit margin of 91.35%, showing an increase of 0.79 percentage points year-on-year [3]. - The department store in Nanchong had a revenue of 144.09 million yuan, with a gross profit margin of -41.50%, indicating a significant decline [3]. - The department store in Mianyang reported revenue of 1,004.39 million yuan, with a gross profit margin of 94.65%, down by 25.68% year-on-year [3]. - The department store in Heze generated revenue of 1,893.43 million yuan, with a gross profit margin of 44.05%, reflecting a decrease of 15.91% year-on-year [3]. - The shopping center in Chongqing had a revenue of 1,129.18 million yuan, with a gross profit margin of -28.90%, indicating a significant decline [3]. - The department store in Taizhou reported revenue of 1,927.30 million yuan, with a gross profit margin of 92.98%, down by 32.62% year-on-year [3]. - The overall gross profit margin for the department store segment in Shenzhen was 28.31%, which decreased by 4.29 percentage points year-on-year [3]. - The outlet in Zhuhai reported a gross profit margin of -19.31%, indicating a decline [3]. - The department store in Hohhot generated revenue of 8,002.15 million yuan, with a gross profit margin of 51.83%, down by 25.02% year-on-year [3]. - The shopping center in Hohhot reported revenue of 15,746.88 million yuan, with a gross profit margin of 87.54%, reflecting a decrease of 19.45% year-on-year [3]. - The total revenue and gross profit margin across all formats indicate a challenging operating environment for the company [3].