新华财经上海11月12日电（记者 魏雨田）11月11日晚，大润发母公司高鑫零售有限公司（以下简称"高鑫零售"）披露了截至2025年9月30日的六个月中期业 绩。报告期内，公司实现收入人民币305.02亿元，毛利率25.3%，同比提升0.7个百分点；截至期末，高鑫零售共运营462家大卖场、32家中型超市及7家M会 员店。 转自：新华财经 业务层面，线上B2C（即企业对消费者的电子商务模式）业务表现稳健，成为重要增长支撑。报告期内，其线上B2C订单量同店增长约7.4%，直接推动同店 销售额增长约2.1%，线上渠道的运营效能持续释放。 财报同时显示，高鑫零售在报告期内正式启动前置仓专案，探索线上业务新增长点。该专案以低成本建仓为核心优势，复用大卖场"一盘货"资源与线上运营 能力，实现高效就近配送，成功触达更多线上增量用户。截至2025年9月，公司已在上海、江阴、洛阳、济南、清远五地完成前置仓布局。 此外，高鑫零售的自有品牌战略在报告期内完成升级，"1+1双品牌矩阵"正式落地。9月，"超省"系列与"润发甄选"系列双品牌合计贡献逾2%的业绩占比。 展望未来，高鑫零售将聚焦三大核心方向：一是推进商品精简与差异化，淘汰同质 ...

Core Insights - Gao Xin Retail Co., Ltd. reported a revenue of RMB 30.502 billion for the six months ending September 30, 2025, with a gross margin of 25.3%, an increase of 0.7 percentage points year-on-year, and a net cash position of RMB 11.958 billion [1] Group 1: Financial Performance - The company's revenue reached RMB 30.502 billion, reflecting a solid financial performance [1] - The gross margin improved to 25.3%, indicating enhanced profitability [1] - The net cash position stood at RMB 11.958 billion, showcasing strong liquidity [1] Group 2: Business Operations - Online B2C business showed robust performance with a same-store order growth of approximately 7.4%, contributing to a same-store sales increase of about 2.1% [3] - The company initiated a front warehouse project to achieve efficient local delivery and attract online users, with warehouses established in five locations [3] - Significant advancements were made in national procurement to reduce costs and enhance efficiency, alongside an upgrade of the private label strategy [3] Group 3: Private Label and Logistics - The company leveraged national supply chain resources to build a comprehensive quality control system and pricing advantages for its private label products [5] - The "Chao Sheng" series focuses on direct factory connections to eliminate intermediaries, while the "Run Fa Zhen Xuan" series emphasizes health trends and local flavors [5] - The logistics chain was optimized by reducing external warehouse numbers and introducing competitive bidding for storage services, expected to save over RMB 100 million in costs over the next few years [5] Group 4: Store Development - The company is focusing on store renovations as a key development direction, with new stores in Jiangsu and Anhui serving as models for the next generation of hypermarkets [5] - The sales proportion of fresh and processed goods in the new stores exceeded 30%, significantly higher than the overall average [5] - Plans are in place to complete over 30 store renovations or regional adjustments within the current fiscal year, with an expectation to finish over 200 renovations before the next fiscal year [5]

Core Insights - Gao Xin Retail reported a revenue of 30.502 billion yuan for the six months ending September 30, 2025, with a gross margin of 25.3%, an increase of 0.7 percentage points year-on-year, and a net cash position of 11.958 billion yuan [1] - The company's online B2C business showed robust performance, with same-store order volume growing approximately 7.4%, leading to a same-store sales increase of about 2.1% [1] - The group initiated a front warehouse project to achieve efficient local delivery and acquire online incremental users, establishing front warehouses in five locations by September 2025 [1] Business Developments - The "Chao Sheng" private label series aims to connect directly with factories, eliminating intermediaries and brand premiums, while "Run Fa Zhen Xuan" promotes healthy eating from conceptualization to practical application [1] - The company plans to accelerate store renovations, with over 30 stores targeted for complete or regional renovations in the current fiscal year, and over 200 stores expected to be renovated before the next fiscal year [2] - New stores in Jiangsu and Anhui have adopted a comprehensive store renovation approach, with fresh and processed goods sales accounting for over 30% of total sales [2]

【环球网财经报道 记者 李文瑶】11月11日，高鑫零售有限公司（股份代号：6808）在香港发布截至2025年9月30日止六个月的2026财年中期 业绩。报告显示，集团期内实现收入305.02亿元人民币，毛利率为25.3%，同比提升0.7个百分点。值得关注的是，其净现金规模达119.58亿 元，为业务运营与战略推进提供了有力支撑。 在业务层面，线上B2C业务表现稳健，订单量实现同店增长约7.4%，带动同店销售额提升约2.1%。与此同时，集团启动前置仓专案，以低成 本模式在上海、江阴、洛阳、济南、清远等城市完成布局，复用大超"一盘货"资源与线上运营能力，实现高效履约与用户增量获取。 报告期内，高鑫零售持续推进全国联采模式，依托四位一体管理体系降低采购成本，并推动商品层级优化与陈列标准化，提升全链路运营效 率。自有品牌方面，集团构建"1+1双品牌矩阵"，其中"超省"系列直连工厂、压缩中间环节，"润发甄选"则聚焦健康与地方特色，9月双品牌 销售贡献已突破2%。 物流环节也迎来重要优化。通过整合仓储资源、引入市场化竞标机制，集团预计未来几年累计节约费用将超1亿元，进一步增强供应链韧 性。 门店调改成为高鑫零售当前发展的 ...