杭州解百：三维度调整经营策略

Core Viewpoint - Hangzhou Xie Bai Group is adjusting its business strategy in response to changing consumer market demands, focusing on retail optimization and strategic equity investments to capture new opportunities in various sectors [2][3]. Group 1: Business Performance - In the first half of 2025, the company's operating revenue decreased by 5.75% year-on-year to 878 million yuan, while net profit attributable to shareholders fell by 23.48% to 150 million yuan [2]. - The main revenue sources are from merchandise sales and rental income from shopping centers, with key locations being Xie Bai Shopping Plaza and Hangzhou Tower Shopping City [2]. Group 2: Strategic Adjustments - The company is adjusting its retail strategy by optimizing product categories and brand structures, introducing new brands, and phasing out underperforming ones [2]. - There is a strong focus on member operations, particularly in lower-tier markets, to enhance member engagement and loyalty [2]. Group 3: Investment Focus - The company is actively pursuing strategic equity investments in sectors such as consumer technology, demographic changes, and the pet economy, aligning investments with evolving consumer demands [2][3]. - Several projects have been completed in the areas of pet economy, outdoor sports, consumer healthcare, and cosmetics [3]. Group 4: Operational Strategies - The company is implementing a "de-department store" strategy to optimize its business structure and enhance brand aggregation, particularly in dining and entertainment sectors [3]. - Marketing efforts are being intensified by leveraging external media platforms and promoting inter-industry collaborations to ensure healthy development across various business segments [4].