百大集团：公司2025年三季报销售费用累计2951.01万元

Core Viewpoint - The company reported a significant increase in sales expenses due to the addition of hotel business operations, indicating a strategic expansion into new revenue streams [2] Group 1: Sales Expenses - The total sales expenses for the third quarter of 2025 reached 29.51 million yuan, with over 17 million yuan attributed to Hangzhou Department Store and approximately 12 million yuan related to hotel business [2] - The increase in sales expenses is primarily due to the newly added hotel business during the reporting period [2] Group 2: Cost Management - The company employs a budget expense rate standard to control variable costs such as channel expenses and material consumption [2] - Monthly analysis of expense input-output efficiency is conducted, allowing for rolling adjustments to be made [2]