证券代码：000501 证券简称：武商集团 武商集团股份有限公司投资者关系活动记录表 1 目前黄梅项目已开业，武穴项目计划于2026年投入运营。此外 ，公司正积极研究商业不动产REITs、消费类基础设施REITs的 发行路径，旨在优化资产结构，搭建可持续的资本循环平台。 3.新赛道孵化与产业布局方面，公司已成功开辟市内免税 与会员制零售两大新业务，并通过产业投资与数字科技双轮驱 动，系统布局未来增长点。合资运营的武汉首家市内免税店已 于2025年5月开业；同时成功推出"WS江豚会员店"，正式切入 会员制零售赛道。通过旗下"武商江豚基金"，完成对科技、 文化IP等前沿领域的多个项目投资，并举办"江豚杯"创新创 业大赛，持续挖掘和孵化潜在商业机会。公司于2024年10月成 立武汉江豚数智科技有限公司，作为集团数字化转型总平台， 现已自主研发12大数字系统并获得软著授权，通过五项ISO国际 标准认证。超市私域小程序、防飞单系统等相关技术应用有效 实现降本增效；统一移动营销平台与智慧停车场平台的成功上 线，正加速推动集团从传统零售向商业科技公司转型。 4.多元经济与业态融合方面，公司紧密围绕"赛事经济" "宠物经济" ...

Core Viewpoint - The Huaan Bailian Consumption REIT is set to distribute dividends amounting to 34.46 million yuan, representing 99.98% of the distributable amount as of September 30, 2025, highlighting its strong cash flow and dividend capacity since its listing [1] Group 1: Fund Performance - The fund will distribute 0.3446 yuan per 10 shares, marking its second dividend distribution in 2025 and the fourth since its inception [1] - The annualized cash flow distribution rate reached 4.70% as of September 30, 2025, indicating robust performance in the secondary market for public REITs [1] Group 2: Underlying Asset Operations - The underlying asset, Bailian Youyi City Shopping Center, has demonstrated efficient operations, contributing to the fund's stable cash flow [1] - In 2025, the shopping center signed 55 new brands, including 17 regional first stores and 3 Shanghai first stores, with 12 new brands signed in Q4 alone [2] Group 3: Customer Engagement and Digitalization - The project has effectively targeted young consumers through events like the "Green Tree E-sports" first store and urban competitions, resulting in a daily footfall increase to 84,800, a 12.92% year-on-year growth [2] - A comprehensive upgrade of the customer flow analysis system in 2025 has enabled precise data capture and analysis, enhancing operational efficiency and brand performance [3] Group 4: Market Position and Future Outlook - The Huaan Bailian Consumption REIT aims to leverage its solid operational capabilities and digital management to provide sustainable returns for investors, playing a crucial role in the transformation of commercial real estate and boosting urban commercial vitality [4]

2025年12月23日，华安百联消费封闭式基础设施证券投资基金(以下简称"华安百联消费REIT")发布收益 分配公告，将于12月29日(场外)及31日(场内)向投资者进行分红。本次拟分配金额为3,446.00万元，约占 截至本次收益分配基准日(2025年9月30日)可供分配金额的99.98%，每10份公募REITs份额分红0.3446 元。本次分红是华安百联消费REIT2025年度第2次分红，也是该基金上市以来累计第4次分红。 值得关注的是，今年以来，公募REITs在二级市场的表现可圈可点，整体为投资者带来了较为丰厚的回 报，投资价值进一步凸显。作为上海首单消费REIT，该基金自上市以来展现出稳定的现金流能力和分 红水平。三季报显示，截至2025年9月30日，其年化现金流分派率达4.70%。 具体来看，今年以来，百联又一城在客群运营上取得显著成效。面向年轻客群，项目引入"绿树电竞"首 店并举办勇者绿洲CS城市联赛，借助电竞赛事影响力精准触达年轻消费者，带动单日客流升至8.48万人 次，同比增长12.92%，全网曝光量达108万次，有效推动消费转化。面向家庭客群，项目深耕文化场 景，通过第五届开笔礼及中秋音乐表 ...

Core Viewpoint - The successful issuance of public REITs for the Baillan Wujiaochang Shopping Center demonstrates the potential for revitalizing existing commercial assets and enhancing urban consumption through a structured financial mechanism [1][2]. Group 1: Performance Metrics - In Q2 2024, the shopping center recorded a foot traffic of 5.5 million, representing a year-on-year increase of 13% [4]. - The contribution rate from member consumption rose to 72.45%, with over 20,000 new members added [4]. Group 2: Strategic Initiatives - Baillan Group is accelerating the formation of a full-cycle industrial chain layout from Pre-REITs to public REITs, leveraging favorable policies and asset foundations [2]. - The company is building a mature asset management system with the capability to replicate successful project management experiences across different commercial scenarios [5]. Group 3: Market Impact - The introduction of consumption REITs is seen as a tool for urban renewal and stimulating regional consumption potential, creating a virtuous cycle of "stock renewal - capital realization - incremental investment" [5]. - The REITs mechanism enhances the operational quality and customer experience, leading to a cycle of asset appreciation, operational optimization, and increased brand value [5][6]. Group 4: Consumer Engagement - The shopping center attracts diverse consumer groups, including families and young adults, through various amenities and activities, such as an ice skating rink and themed entertainment [3][4]. - Digital operations are enhanced through systems that manage sales and target marketing, improving service levels and customer engagement [4].