Summary of Huijia Times Conference Call Company Overview - **Company**: Huijia Times - **Industry**: Supermarket and Retail Key Points and Arguments Store Performance and Adjustments - The Beijing Road Huijia store's daily sales increased significantly to 1.4 million yuan after deep adjustments, while other stores saw a 10%-20% increase in daily sales after minor adjustments, validating the effectiveness of the Pang Donglai model [2][3] - The company plans to adjust employee salary systems, optimize product structures, widen sales channels, and add convenience facilities instead of large-scale renovations to reduce costs and quickly enhance store operational efficiency [2][6] Product Sales Composition - In Huijia Times supermarkets, fresh products account for over 55% of sales, baked goods approximately 2%, and cooked food about 8% [2][10] - The introduction of around 105 Pang Donglai products constitutes about 9% of the supermarket's total sales [2][8] Profitability and Margin Expectations - The overall gross margin of the supermarket business is approximately 19%, with expectations for further improvement in Q1 2026 due to performance growth [2][11] - The net profit margin for the North Huijia store reached 8%, while other adjusted stores are expected to achieve over 3% net profit margin to be considered successful [2][14] Central Kitchen and SKU Management - The construction of the central kitchen is slowing down as existing baking capacity meets demand, with SKU numbers stabilized between 10,000 and 12,000 in the North Huijia store [2][12][13] Future Business Plans - The company is planning to launch an instant retail system by mid-December, with the first online sales platform [5][21] - The department store segment plans to close underperforming rental stores while retaining profitable shopping centers and adjusting brand structures [5][22] Low-altitude Business Development - The agricultural protection business is expected to start by the end of the year, while the manned tourism project faces complex approvals and may contribute in 2026 [2][14][16][18] Employee Compensation and Management - Adjustments to employee salaries have been made to align with the standards set by Beijing Longhui, while non-adjusted stores have not reached these standards due to poor performance [20] Financial Outlook - The company anticipates a doubling of revenue for the year, with better performance expected next year through the closure of underperforming projects and further development of low-altitude businesses [5][24] Communication and Learning Mechanisms - Huijia Times has established effective communication channels with Pang Donglai, allowing for continuous learning and problem-solving [2][8] Additional Important Information - The company has successfully eliminated backend costs through supply chain optimization and the introduction of Pang Donglai's supply chain management [5][23] - The company is not planning to open new stores in the short term, focusing instead on the adjustment of existing stores [19]