Group 1: Business Development Goals - The company aims to enhance quality and efficiency in commercial operations, focusing on organic asset management to provide better living standards for urban and rural residents [2] - Future development targets include establishing logistics hubs for industrial products to rural areas and agricultural products to urban areas, enhancing regional consumption logistics [2] - The overall direction is to create a dual circulation system through commercial operations, trade, and logistics, forming an organic ecosystem [2] Group 2: Innovation and Adaptation - The company is deepening its innovation strategy in supermarket and department store operations, optimizing product structures and focusing on regional specialty foods [4] - Collaboration with platforms like Ele.me, Meituan, and JD.com enhances service efficiency and customer engagement through instant retail [5] - The company is committed to digital membership operations and refined supply chain management to improve market competitiveness [4] Group 3: Logistics Business Model - The logistics business operates on a "trade + logistics" dual-drive model, focusing on building a comprehensive supply chain and logistics hub [6] - Revenue decline in the logistics sector is attributed to poor real estate market performance in the logistics park's location [7] - Future strategies include enhancing logistics efficiency and reducing costs while supporting national strategies for rural revitalization and urban development [7] Group 4: Strategic Partnerships and Growth - The company has integrated into supply chains of major platforms, significantly increasing community group purchase orders, surpassing last year's total by September [8] - Future growth will focus on developing regional specialty products and enhancing supply chain efficiency through data-driven selection [8] - The acquisition of Beijing New Cooperation Commercial Development Company aims to strengthen urban-rural circulation infrastructure and enhance emergency supply capabilities [9] Group 5: Internal Management and Financial Performance - Since May 2024, the company has implemented a "123456" work strategy to enhance economic efficiency and drive business growth [10] - The company reported a revenue of 783 million yuan and a net profit of 5.3251 million yuan in the first half of 2025, achieving profitability [11]

Group 1: Business Performance and Financials - In 2024, the company achieved total revenue of 142,372.03 million, a year-on-year increase of 1.69%, while the net profit attributable to shareholders was -132,367.65 million, reducing losses by 47.48% compared to the previous year [1] - In Q1 2025, the net profit attributable to shareholders was -6,293,846.43, a reduction in losses by 95.18% year-on-year, indicating improved operational conditions [1] - The company aims to enhance economic efficiency and will focus on "lean, innovation, activation, integration, and quality improvement" to drive high-quality development across its three main businesses: commercial operations, trade logistics, and commodity trading [9] Group 2: Digital Transformation and E-commerce - The digital transformation at Shun Kelong AI stores has improved operational efficiency and customer experience through personalized product recognition systems and self-checkout technologies, enabling a "grab-and-go" payment experience [1] - Online business revenue grew by 28% in 2024, but still accounted for less than 15% of total revenue, prompting the company to accelerate the integration of online and offline operations [5] - The company is leveraging its "Super Collection" e-commerce platform to connect with upstream and downstream supply chain partners, enhancing retail and wholesale operations [5] Group 3: Strategic Initiatives and Future Plans - The company has set a 3-5 year goal to become a leading operator of urban and rural circulation infrastructure, driven by a dual strategy of "industry + capital" [24] - The acquisition of a 51% stake in Beijing New Cooperation Commercial Development Co., Ltd. is part of the strategy to enhance the company's asset base and operational capabilities [7] - The company plans to optimize its existing business structure and expand new business layouts to improve quality and efficiency [9] Group 4: Legal and Compliance Issues - Ongoing litigation involving the company and its subsidiaries is still in the trial process, with no judgments received yet [2] - The company is committed to timely information disclosure regarding any significant matters affecting its operations [2] Group 5: Market Position and Competitive Strategy - The company is focused on building a dual circulation system for industrial products and agricultural products, aiming to enhance the efficiency of urban-rural logistics [24] - The company is actively exploring new business models and partnerships to adapt to market changes and improve its competitive position [26]