步步高2026年战略聚焦湖南市场，新百货项目将亮相

Company Projects - The company plans to launch three major department store projects in Hengyang, Xiangtan, and Huaihua in 2026, scheduled for mid-year and year-end, respectively [2] - The strategy includes a "super department store + super shopping center" dual-drive approach to strengthen local market presence [2] Strategic Advancement - The company has designated 2026 as the "Quality and Efficiency Year," focusing on deepening its presence in the Hunan market by optimizing store efficiency and supply chain effectiveness to enhance operational quality, with no plans for expansion outside the province [3] Shareholder Situation - The restructuring plan of the company's largest shareholder, Bubu Gao Investment Group, was not fully approved by all creditors in 2025, and subsequent negotiations and voting will proceed legally; 193 million shares (7.19% of total shares) held by the group have been judicially frozen until 2028 as a protective measure for the restructuring process [4] - The company resolved its debt crisis through judicial restructuring in 2025 and achieved revenue growth and cash flow improvement by implementing a "Fat Donglai-style" adjustment [4] - The 2025 performance forecast indicates a net profit expected between 100 million to 150 million yuan, but the non-recurring net profit remains in the red, necessitating further observation of the sustainability of main business profitability [4]