证券代码：600814 证券简称：杭州解百 编号：2025-024 杭州解百集团股份有限公司 2025 年半年度经营数据简报 根据《上市公司行业信息披露指引第一号——一般规定》《上市公司行业信息 披露指引第五号——零售》和《关于做好上市公司 2025 年半年度报告披露工作的通 知》要求，现将公司 2025 年半年度主要经营数据披露如下： 一、门店分布及变动情况 本报告期，公司门店数量及面积具体如下： | 地 | 区 | 业态 | 门店名称 | 建筑面积㎡ | 其中：自有面积㎡ | 其中：租赁面积㎡ | | | --- | --- | --- | --- | --- | --- | --- | --- | | 杭州 | | 购物中心 | 解百购物广场 | 109,691.60 | 109,691.60 | | 0 | | 地区 | | 购物中心 | 杭州大厦购物城 | 283,425.23 | 95,617.64 | | 187,807.59 | | 合计 | | | | 393,116.83 | 205,309.24 | | 187,807.59 | 二、2025 年半年度零售行业主要经营数据 （一）营业收入 ...

| 序号 | रूना | | --- | --- | | 1 | 华润万象生活 | | 2 | 太古地产 | | | 恒隆地产 | | 4 | 九龙仓 | | 5 | 凯德投资 | | | 龙湖集团 | | | 印力集团 | | 8 | 中粮大悦城 | | | 新鸿基地产 | | S-10 | 新城商业 | | 11 | 新世界中国 | | 12 | 招商商管 | | | 百联股份 | 观点指数 政策聚焦打造多元消费场景，市场短期租赁需求释放承压商业政策上，政府通过多种方式积极构建多元消费场景，刺激消费。商业市场层面，多 个核心城市的供应节奏呈现差异化，部分城市的短期租赁需求存在一定释放压力。 高端商业业绩考验持续，大悦城私有化换取长期韧性高端消费趋于谨慎，多数企业2025上半年的零售物业收入录得同比下滑，项目运营和发展的考验并未停 止。此外，大悦城地产因行业周期、流动性等问题拟私有化退市，此举有助于长期发展，但存在不确定性。 购物中心适配热门消费需求，奥莱形态特色多样化项目层面，购物中心引入的新店中首店占比高且类型多元，国际品牌、小众特色及定制化品牌通过新增门 店、焕新升级适配消费需求，提升竞争力。奥莱表 ...

人气指数，往往是衡量一座购物中心运营成效最直观的晴雨表。 在西安，那些人气鼎盛的购物中心早已超越单纯的购物场所，成为解码这座千年古都现代活力的关键密钥。这些市场的领跑者，无一不是将十三朝古都的 深厚底蕴与现代潮流的消费体验巧妙融合的典范。它们不仅是消费的目的地，更是城市活力的聚集地。其人气起伏，直接映射出购物中心的运营成效与消 费者偏好的变迁，为洞察西安城市商业生态的演进提供了独特窗口。 | ROtori | | | | 周道假区 | | | ■商股份 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 降名 使目标效 | 入气后散 排名 商目名录 | | 人气脂酸 | 18.57 度目名称 Y = Willia Y | 项目名称 | Y additt | | | | | | | 01 西安基格国际购物中心 | 7.67 11 国安西成昌份广场 | | 6.16 | 01 西安赛格国际购物中心 7.72 | 11 西安西咸合倪厂场 | 6,22 | HS 商月空航 Y = " | 楼名 | ...

Group 1 - Traditional retail giants are facing significant performance challenges, with major players like Baisheng Group reporting an 18.4% drop in same-store sales and announcing the closure of its Beijing store by year-end [3][4] - Other retailers such as Xinhua Department Store and Tianhong reported revenue declines of 0.99% and 1.79% respectively, while Nanning Department Store experienced a net loss of 13.38 million yuan, a 653.3% increase in loss [3][4] Group 2 - The outlet mall sector is experiencing a growth spurt, with multiple new projects announced, including the opening of Wuhan Shanshan Outlet on September 25, which will be the first "Lakeside Outlet" in Central China [5][6] - The emergence of differentiated concepts like "Lakeside Outlet" and "Warehouse-style Outlet" indicates that this sector is effectively targeting various consumer needs amid a backdrop of consumption downgrade [6] Group 3 - A wave of renaming among shopping centers reflects strategic shifts and the need for brand upgrades, with examples including the rebranding of "Changsha Beichen Triangular Deyue City" to "Changsha Beichen Hui" [7][8] - The rebranding of "Shenyang Vanke Plaza" to "Wan Qian Hui" resulted in a 15% increase in foot traffic and a 26% rise in sales, demonstrating the effectiveness of targeted brand revitalization [8] Group 4 - China is becoming a testing ground for global brand innovations, with notable first stores like LV Beauty opening in Nanjing and Haidilao launching an innovative concept store in Beijing [10][11] - This trend indicates a shift in China's market position from a follower to a leader in global brand innovation, as brands increasingly prioritize launching new products in China [11] Group 5 - There is a dual acceleration in the internationalization of brands in China and the globalization of local brands, with companies like Anta and Li Ning deepening market penetration through themed stores [12][13] - The significant growth of brands like Pop Mart, which reported a 204.4% increase in revenue, highlights China's market as a critical battleground for both international and domestic brands [13]

8月20日，百盛集团发布自愿性公告称，将提前终止与中国工艺美术集团的租赁合同，这也意味着复兴 门百盛购物中心将于年底闭店。此前据中工美透露，将于2026年对相关物业进行改造升级，打造长安街 上的"文化会客厅"。 公告显示，百盛与中工美的租赁合同所涉及的物业，包括中工美的多个楼层和区域，总面积约为1.724 万平方米，该租赁协议的终止日期定于2026年1月1日。百盛商业将提前终止租赁合同，并向中工美支付 1170.12万元罚款，2025年10月10日前完成支付。若逾期支付，将按未偿还总额的0.05%每日支付额外罚 金。 记者21日下午走访百盛商场看到，该商场客流比较稀少，餐饮业态相对较少。傍晚时段，负一层几家快 餐店人气尚可，位于6层、7层的大店上座率不高。商场2层至5层主要以服装、家居和电子产品零售为 主，还有部分瑜伽、美发沙龙等商铺。大部分服装门店正在进行打折促销，有商户透露，这是为撤柜做 准备。 最新发布的业绩报告显示，百盛集团上半年营收19.63亿元，同比增加0.93%；股东应占溢利2246.8万 元，上年同期股东应占亏损1864.1万元，同比扭亏为盈。但翻看历年财报数据，百盛商业近几年业绩持 续承压。 ...

展望未来，摩尔城将继续深入挖掘赤壁的消费需求，通过"主题活动、精准福利、商户共荣"的模式，升级商业场 景，拓宽跨行业合作的边界，引入更多具有赤壁地方特色的业态，为城市的经济活力和市民的幸福生活持续注入 动力。 记者 王奇峰 特约记者 但唐静 通讯员 赵筱薇 8月15日，夜幕降临，赤壁摩尔城外广场的金街入口至二期门口化作了一片热闹非凡的夜市。整齐排列的32个风格 统一的帐篷摊位散发着诱人的小吃香气，手工艺品和美妆产品的时尚气息在这儿交汇而成。 这场夜市不仅是一场消费盛宴，还是赤壁夜经济蓬勃发展的缩影，旨在为本地创业者提供展示和销售的平台。当 天，赤壁摩尔城举行了主题为"今夜有好市"的盛大开幕式，赤壁市初心合唱团、小叮当舞蹈及飞扬歌舞团等艺术 团体表演精彩纷呈，吸引了众多市民前来观看。 在赤壁商业环境日益发展、市民消费需求日渐多样化的背景下，赤壁摩尔城于8月15日至24日举办了这个主题活 动，结合了沉浸式的PR推广体验与划算的SP销售活动，展现出了商业的新潮流。 为了最大程度地激发消费潜力，赤壁摩尔城还推出了线上直播、抖音票券销售以及好评换购免门槛券等多项活 动，以实际行动降低消费门槛。通过将线上引流与线下核销结 ...

Core Insights - In July, the average foot traffic in shopping malls across the country increased by 7%, with popular malls showing even more significant growth [1] - The average daily foot traffic for the 390 popular shopping malls listed in the "2025 July Popular Shopping Center Rankings" was approximately 88,000, representing a 10% increase compared to the previous month [2] Group 1: Foot Traffic Trends - The average daily foot traffic for the top 43 popular malls in various cities was about 126,000 in June, with 36 malls maintaining their ranking and 7 moving up from the second to fourth positions [2][3] - The increase in foot traffic is attributed to the summer vacation tourism surge, with a 10 percentage point rise in the proportion of malls located in city-level business districts [2] Group 2: Popular Themes and Activities - Over 25 malls featured "anime" themes or characteristics, with many actively introducing trendy brands and organizing anime-related events to attract the student demographic during summer [4] - Family-oriented activities gained popularity, with malls offering creative parent-child events and promotions such as free parking and group purchase packages, enhancing their appeal to family customers [5] Group 3: New Store Openings and Economic Trends - The "first store economy" continues to thrive, with malls exploring new brand openings and events to boost foot traffic, while also integrating ticketing scenarios with shopping experiences to stimulate market potential [5] - The "fat store" concept, featuring high-quality supermarkets, has emerged as a new attraction strategy, with several malls undergoing supermarket renovations to enhance customer experience [5] Group 4: Notable Projects and Rankings - Shanghai Jing'an Joy City ranked as the top large project, recognized as one of the hottest "anime" malls, with a significant increase in search volume for "anime malls" in the region [14] - The Shanghai Bund Central Plaza made its debut on the rankings, featuring a giant dinosaur MR theme park that attracted considerable attention [15] - The popularity of the Guangzhou Fashion Tianhe Commercial Plaza reached its highest historical ranking, hosting multiple major anime events [44] Group 5: Regional Highlights - The Shanghai Nanjing East Road business district saw a surge in popularity, with eight projects listed, including the first-time ranked Shanghai Bund Central Plaza and Shanghai Hongyi International Plaza [12] - In Chengdu, the "ticket economy" is being actively developed, with various promotional activities linked to events and exhibitions to enhance consumer engagement [36]

Core Viewpoint - Ingka Group, the parent company of IKEA, plans to sell its shopping centers in Beijing, Wuxi, and Wuhan, potentially clearing out the remaining seven centers in the future, raising questions about the timing and motivations behind this decision [5][6][14]. Summary by Sections Sale of Shopping Centers - Ingka Group intends to sell three shopping centers with a total estimated value of 16 billion yuan, with the buyer being a fund led by Taikang Life Insurance [6][18]. - The three centers have been operational for about ten years and are among the most popular shopping destinations in their respective cities [14][12]. Financial Performance - Ingka Group reported a revenue decline of 5.5% to 41.864 billion euros in the 2024 fiscal year, with net profit dropping by 46.5% to 0.806 billion euros [16]. - The operating cash flow for 2024 was 2.9 billion euros, down 17% from the previous year, marking a significant performance drop compared to the previous years [16]. Investment and Valuation - The investment of 16 billion yuan for the three shopping centers represents a 60% increase from the initial investment of 10 billion yuan [18]. - The average valuation per square meter for the three centers is approximately 1.39 million yuan, which is higher than some recently listed REITs but lower than others [20][21]. Market Context - The shopping centers have shown strong performance, with Wuxi's center achieving sales of 4.3 billion yuan in 2024 and Beijing's center expected to reach around 10 billion yuan in sales [12][16]. - The sale is seen as a strategy for Ingka to recover cash and alleviate financial pressure while maintaining operational control over the centers [17][24]. Future Prospects - The deal is structured as a Pre-REITs investment, indicating potential for future appreciation and a commitment from Ingka for a return rate close to 7% during the investment period [22][24].

2025上半年，重庆实现社会消费品零售总额超8300亿元，领跑五大国际消费中心城市。火热的首发经济，是强劲发展势能的重要引擎。 赢商大数据统计，今年上半年重庆共引入首店212家，首发活动约121场。首店数量同比增长15.8%，其中一季度引进57家、二季度155家。 首店能级呈"金字塔"分布：45家区域首店凸显重庆西南商业枢纽地位，10家全国首店展现提升空间，110家城市首店夯实本地消费基本盘。值得肯定的 是，在第二季度，重庆以单季度超百家城市首店的爆发式增长，展现出对新品牌落地的优秀承载力。 01. 零售餐饮占比超八成 "逛吃之都"个性鲜明 02. "双核"格局稳定 在蓬勃的首店经济中，零售与餐饮以83%的绝对占比成为核心引擎，生动印证了重庆 "逛吃之都" 的深厚消费基因。 其中，零售业态表现尤为亮眼，占比高达49.5%，勇夺当季最火热首店业态桂冠，并形成了 "服装"和"时尚生活"两大业态齐头并进的鲜明特点，各自贡献 52家首店，在整个零售业态中合计占比高达 99.0%；反映出重庆零售市场在个性化消费与生活方式升级领域的同步扩张。 服装业态的持续活跃印证重庆作为西南时尚消费枢纽的地位，而时尚生活（涵盖美妆、潮 ...

Core Insights - JD Outlet has officially opened its first store in Nanjing, marking its entry into the Nanjing market and potentially transforming the commercial landscape of the Jiangbei New District [1] Group 1: Store Features - The JD Outlet Nanjing store is positioned as a large immersive brand discount shopping center with an area exceeding 4,000 square meters [1] - The store features over 70 domestic and international brands, with more than 70% of these brands making their debut in the Pukou District [1] - Unlike traditional outlet stores, this location employs an immersive scene layout, including a mini basketball court in the sports area and a trendy mirror wall in the luxury section [1] Group 2: Consumer Experience - The store offers discounts starting from 10% off, with some popular items priced lower than on brand official websites [1] - Consumers can utilize coupons from the "JD Outlet" Douyin account for additional discounts and promotions [1] - The surrounding Baima Life Plaza provides a comprehensive entertainment experience, including dining options like Haidilao and Hema Fresh, as well as a Wanda IMAX cinema [1]