Core Viewpoint - Miniso's revenue is increasing, but profits are declining, indicating potential challenges in maintaining profitability despite growth in store openings [1][2]. Financial Performance - In Q1 2025, Miniso reported revenue of 4.427 billion yuan, a year-on-year increase of 18.9% [2]. - Operating profit for the same period was 710 million yuan, down 4.51% year-on-year [2]. - Net profit for Q1 2025 was 417 million yuan, a decline of 28.92% compared to the previous year [2]. - Adjusted net profit was 587 million yuan, reflecting a decrease of 4.81% year-on-year [2]. Store Expansion and Performance - Miniso opened a total of 978 new stores in the past year, bringing the total to 7,768 stores as of March 31, 2025 [3]. - The average sales performance of new stores opened in Q1 2025 improved by 27% compared to the same period in 2024 [3]. - The company is focusing on the MINISO LAND store format, with 8 locations opened and 15 more in preparation [3]. International Growth - Revenue from overseas markets grew by 30.3%, contributing an additional 3 percentage points to total revenue [4]. - Miniso aims to enhance collaboration with international partners to improve operational efficiency and store models [4]. Collaboration with Yonghui Supermarket - Miniso's CFO reported that Yonghui Supermarket has already closed 78 stores and plans to close between 250 to 350 stores in 2025 [5][6]. - The restructuring of Yonghui Supermarket is expected to improve profitability through enhanced cost and management efficiency [6]. Yonghui Supermarket's Financial Situation - Yonghui Supermarket reported a revenue of 17.479 billion yuan in Q1 2025, a decline of 19.32% year-on-year [7]. - The company has faced significant losses over the past four years, totaling over 9.5 billion yuan [7].

Market Overview - Major US stock indices opened significantly lower, with the Dow Jones down 1.12%, Nasdaq down 1.59%, and S&P 500 down 1.24% [2] - The technology sector, particularly the "Big Seven" tech companies, experienced collective declines, with Apple dropping nearly 4% [2][10] - European stock indices also fell, with Germany's DAX down 2.31%, France's CAC40 down 2.75%, and the UK's FTSE 100 down 1.16% [6][7] Company-Specific Movements - Apple's market capitalization decreased by over $100 billion as it opened down more than 3% [1][2] - Alibaba's stock fell nearly 2%, while Miniso's stock plummeted over 16% following its earnings report [1][2] - Other tech stocks such as Nvidia and Amazon saw pre-market declines exceeding 3%, while Intel, TSMC, AMD, and META dropped over 2%, and Tesla fell nearly 2% [8] Futures and Pre-Market Activity - Dow futures were down 1.26%, S&P 500 futures down 1.42%, and Nasdaq futures down 1.81% [4][5] - The pre-market activity indicated a significant downturn for various stocks, with Ross Stores down over 11% and Miniso down nearly 9% due to pressure from tariffs [11][12]

Group 1 - The Hang Seng Index fell by 0.55%, down 131 points, closing at 23,695 points, while the Hang Seng Tech Index decreased by 0.66% [1] - The early trading volume in Hong Kong stocks reached HKD 1,076 million [1] - Robot-related stocks were active, with DCH Holdings (00179) rising nearly 6% and SUTENG (02498) increasing over 2% due to the upcoming CMG World Robot Competition [1] Group 2 - Eucan Vision Bio-B (01477) surged over 18% after OT-703 was approved for real-world research in Boao, Hainan [2] Group 3 - Smoore International (06969) rose over 5% as Glo Hilo is set to launch in Japan, with positive feedback from the trial market for heated non-combustible products [3] - Youjia Innovation (02431) increased over 5% after its L4 autonomous driving minibus received project designation, following a series of product showcases at the Shanghai Auto Show [3] Group 4 - Maanshan Iron & Steel (00323) saw a rise of over 7% as the steel industry showed improving performance in Q1, with institutions noting a marginal improvement in the sector's fundamentals [4] - InnoCare Pharma (02577) surged over 15% due to a partnership with NVIDIA for the next-generation 800V power architecture, drawing attention to third-generation semiconductors [4] Group 5 - Gu Ming (01364) increased by 4.5%, reaching a new high, with expectations of being included in the Hong Kong Stock Connect next month and a projected net increase of over 2,000 stores for the year [5] Group 6 - Dekang Agriculture and Animal Husbandry (02419) rose over 7%, with stock prices hitting a new high as institutions are optimistic about the company's valuation recovery potential [6] Group 7 - Gome Retail (06808) saw an early rise of nearly 7%, reporting a turnaround with a profit of RMB 410 million for the year, while Dehong Capital will promote the development of various store formats [7] - New Town Development (01030) fell over 3% amid reports of plans to issue guaranteed bonds domestically, aiming to raise RMB 1.5 to 2 billion [7] - Alibaba Health (00241) dropped over 4%, despite a year-on-year profit increase of over 62%, with analysts stating that profits did not meet expectations [7]

证券代码： 605188 证券简称：国光连锁 江西国光商业连锁股份有限公司 投资者关系活动记录表 □特定对象调研 □ 分析师会议 □ 媒体采访 √ 业绩说明会 投资者关系活动 □ 新闻发布会 □ 路演活动 类别 □ 现场参观 □ 其他 （请文字说明其他活动内容） 参与单位名称及 投资者网上提问 人员姓名 地点 采用网络远程的方式召开业绩说明会 投资者提出的问题及公司回复情况 公司就投资者在本次说明会中提出的问题进行了回复： 保护投资者利益？公司在应对突发事件（如股价异常波动）时， 是否有明确的应对机制和预案？ 尊敬的投资者，您好！公司股票价格受公司业绩、外部市场 投资者关系活动 与政策环境以及投资者偏好等多重因素影响，具有复杂性和不确 主要内容介绍 定性。公司始终致力于通过提升自身经营业绩、优化公司治理、 加强信息披露等方式，增强公司内在价值，为股价稳定提供坚实 支撑。感谢您的关注！ 资者信心？公司在应对股价波动时，如何及时向投资者传递准确 信息？ 尊敬的投资者，您好！公司始终把完善公司治理结构、健全 内部控制制度、严格履行信息披露义务、加强投资者关系维护等 作为公司投资者权益保护的重要举措。公司将坚持聚焦主 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 江西国光商业连锁股份有限公司（以下简称"公司"）股票于 2025 年 5 月 超过 20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异常波 动。2025 年 5 月 19 日公司股票再次触及涨停，现将相关风险提示如下： 一、二级市场交易风险提示 截至 2025 年 5 月 19 日，公司股票收盘价为 14.64 元/股。公司股票自 2025 年 5 月 14 日起，股价累计上涨 33.94%，平均换手率 8.40%。公司股票市盈率显 著偏离同行业水平，且近期公司股票交易价格涨幅较大，交易频繁，存在非理性 炒作风险，请广大投资者注意二级市场交易风险，理性投资。 二 、公司生产经营情况 公司从事连锁超市、百货商场的连锁零售业务。截至本公告日，公司主营业 务、生产经营情况以及经营环境与前期披露的信息相比未发生重大变化，内部经 营秩序正常。 三、公司重大事项情况 证券代码：605188 证券简称：国光连锁 公告编号：2025-025 江西国光商业连锁股份有限公司 股票 ...

Core Viewpoint - The company announced that its stock price has experienced significant fluctuations, with a cumulative increase of over 20% in the last three trading days, indicating abnormal trading activity [1] Group 1: Company Operations - The company, Guoguang Chain (605188.SH), operates in the chain retail business, including supermarkets and department stores [1] - As of the date of the announcement, the company's main business, production operations, and operating environment have not undergone significant changes compared to previously disclosed information [1] - The internal operational order of the company remains normal [1]

Core Viewpoint - Guoguang Chain (605188) announced that there have been no significant changes in its main business, production operations, or operating environment compared to previous disclosures, and internal operations are normal [1] Summary by Relevant Sections - Business Operations - The company is engaged in chain retail business, including supermarkets and department stores [1] - As of the announcement date, the company's main business and operational conditions remain stable [1] - Disclosure of Information - There are no undisclosed significant information related to the company that should be disclosed [1]

沃尔玛首席执行官道格·麦克米利恩（Doug McMillon）当日对行业分析师表示，虽然沃尔玛会尽力维持 低价，但鉴于关税的幅度和零售业务低利润率的现实，即便在本周下调关税税率后，沃尔玛也不能承受 所有的成本上涨压力。 雷尼表示，消费者虽然有些担忧可能出现的价格上涨，但消费者行为大体上没有变化，他们仍在寻找性 价比高的商品。沃尔玛2月份销售低于预期，3月份接近预期，4月份增强很多。5月份目前看与4月份类 似。 新华财经纽约5月15日电（记者刘亚南）美国连锁零售巨头沃尔玛公司高管15日表示，由于美国关税政 策影响，该公司将在本月晚些时候上调部分商品售价并持续到6月。 麦克米利恩表示，虽然货架上零售价格上涨会更为渐进，但最早已经开始在4月份开始涨价，5月份加速 上涨。 沃尔玛首席财务官约翰·戴维·雷尼（John David Rainey）当日在接受媒体采访时说，即便美国同意在90 天时间里把从中国进口商品的新增关税降至30%，但关税"依然太高"。 雷尼表示，沃尔玛定位于天天低价，但关税上调幅度超过任何零售商可以吸收的水平。消费者很可能在 5月末开始看到涨价出现，而6月份价格上涨肯定会更多。 雷尼说，沃尔玛在美国所 ...

据河南日报报道， 胖东来商贸集团联合京东物流集团打造的 首个河南供应链产业基地 —— 京东物 流(许昌)供应链产业基地项目将于今年6月全面投入运营。项目负责人介绍称， 该项目投产后可实现 年产值约25亿元，利税5000万元 。 据了解，该项目占地135亩，计划总投资12.5亿元，总建筑面积18.5万㎡。主要建设2栋线上运营中心 （含拣货车暂存区、拆零补货区、爆品补货区等区域）、9栋胖东来产业链产品加工车间、1栋商务办公 楼和大型货车物流周转及停车场。 据许昌市东城区许州公司董事长孔丽娟介绍，项目运营后，将依托胖东来8大种类100多个自有品牌系列 产品，通过京东物流线上收发、转运一体式的智能物流仓储服务，不但极大满足和丰富全国各地消费者 多渠道购物的需求，而且对提振整个消费市场具有重要意义。 来源：河南日报、蓝鲸新闻 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 于东来连发10文，邀请柴怼怼到胖东来深入考察！胖东来官网显示"已关 闭"→ 刘强东回应"凑76个鸡蛋上大学" ...

步步高增资至26.9亿元 金十数据5月6日讯，天眼查App显示，近日，步步高商业连锁股份有限公司发生工商变更，注册资本由 约8.4亿人民币增至约26.9亿人民币，同时多位高级管理人员发生变更。该公司成立于2003年12月，法定 代表人为王填，经营范围包括超级市场零售、百货零售、商品配送、柜台租赁服务、物业管理等，由步 步高投资集团股份有限公司等共同持股。 ...