经营规划待披露 齐鲁晚报·齐鲁壹点 李梦瑶 "兜兜转转，'银座'又要回来了？"近日，济南有仲家汇门店货架清空闭店后，悬挂出"银座超市即将入 驻"横幅，引发市民猜测。记者对此进行了探访。 已接手3家仲家汇门店 仲家汇在济门店已不足60家 正签约供应商补货"自救" 据此前报道，仲家汇为了"自救"，于今年7月选择引入另一便利店"八点半"输血，目前双方已合作开店 30余家。 在仲家汇花园店，记者看到：这里已重新开门营业，货架上的货已补齐；与此前不同的是，该店面挂有 两个招牌，分别是八点半与仲家汇。 9月8日，记者实地探访发现，历下区山师东路、东关大街两家仲家汇门店，超市内的货品与货架均已清 空，"银座超市即将入驻" 的横幅成为店内最显眼的标识，不少路过市民驻足议论："这是以前的银座要 回来了吗？" 梳理背景可知，仲家汇进驻济南，收购的正是深耕济南多年的统一银座 —— 其运营主体为山东统一银 座商业有限公司。统一银座自 2004年起持续服务济南市场，直至2024年4月，滕州仲家汇商贸有限公司 逐步完成对统一银座的收购，成为其全资股东，"统一银座" 这一名称也随之退出济南便利店市场。 不过，仲家汇经营了一年多的时间，门店 ...

Group 1: Retail Trends - The retail industry is witnessing a transformation as physical stores adapt to the rise of online shopping by creating engaging shopping environments and diverse service offerings [1] - In the first seven months of this year, retail sales of physical stores above a certain threshold increased by 4.2% year-on-year [1] Group 2: Shopping Experience in Fuzhou - The Sand City Outlet in Fuzhou, which opened in December 2022, has a commercial area of approximately 230,000 square meters and offers significant discounts, attracting nearly 1 million members since its opening [2] - The outlet's sales increased by over 40% year-on-year, with foot traffic and vehicle traffic rising by over 30% [2][3] Group 3: Convenience Stores in Jinan - Convenience stores in Jinan are becoming essential for daily commuters, providing quick access to breakfast, daily necessities, and local specialties [4] - The average annual revenue per store in Jinan's convenience store sector reached over 3 million yuan, with over 120 stores established [5] - Jinan's social retail sales totaled 264.07 billion yuan in the first half of this year, reflecting a year-on-year growth of 4.4% [5] Group 4: Innovative Retail Spaces in Chengdu - The COSMO Chengdu mall has transformed from a traditional retail space to a trendy, youth-oriented venue featuring unique brand offerings and artistic displays [6] - The mall hosts over a hundred events annually, catering to the cultural and social needs of young consumers [7]

Group 1: Retail Trends - The retail industry is actively transforming to face challenges posed by online shopping, focusing on creating appealing shopping environments and diverse services [1] - In the first seven months of this year, retail sales of physical stores above designated size increased by 4.2% year-on-year [1] Group 2: Case Study - Fuzhou Sand's Town - Fuzhou Sand's Town, an outlet mall, opened in December 2022 with a commercial area of approximately 230,000 square meters, attracting nearly 1 million members since its opening [2] - The mall offers over 300 retail brands, with more than 60% being first stores in Fuzhou, and has seen a sales increase of over 40% year-on-year [2][3] - Promotional activities during seasonal changes and holidays have significantly boosted sales and foot traffic, with over 12,500 promotional events held this year, driving consumption by over 16.3 billion yuan [3] Group 3: Case Study - Jinan Convenience Stores - Convenience stores in Jinan are evolving to meet the needs of young professionals and tourists, offering local specialties and innovative products [4][5] - The average annual revenue per store in Jinan's convenience stores reached over 3 million yuan last year, with a total of over 120 stores established [5] - Jinan's social retail sales totaled 264.07 billion yuan in the first half of this year, reflecting a year-on-year growth of 4.4% [5] Group 4: Case Study - Chengdu COSMO Mall - COSMO Chengdu has transformed from a traditional retail space to a trendy, curated retail environment aimed at young consumers [6][7] - The mall features unique, designer brands and hosts numerous cultural and social events, catering to the lifestyle preferences of its target demographic [7][8] - The mall's design encourages exploration and discovery, enhancing the shopping experience for consumers seeking unique products [8]

Group 1: Retail Transformation - The rise of online shopping has prompted many physical stores to actively transform by creating spacious shopping towns with diverse product offerings, discounts, and comfortable environments to attract consumers [4] - In the first seven months of this year, retail sales of physical stores above designated size increased by 4.2% year-on-year, indicating a positive trend for brick-and-mortar stores [4] Group 2: Fuzhou Sand City Outlet - Fuzhou Sand City Outlet, which opened in December 2022, has a commercial area of approximately 230,000 square meters and offers a variety of shopping and dining options [5] - The outlet has attracted nearly 1 million members since its opening, with over 300 retail brands, more than 60% of which are first stores in Fuzhou [5][6] - The outlet's sales increased by over 40% year-on-year last year, with foot and vehicle traffic rising by over 30% [6] Group 3: Convenience Stores in Jinan - Convenience stores in Jinan have become essential for local residents, providing quick access to breakfast, daily necessities, and local specialties [7][8] - The average annual revenue per store in Jinan's convenience sector reached over 3 million yuan, with over 120 stores established [8] - Jinan's social retail sales totaled 264.07 billion yuan in the first half of this year, reflecting a year-on-year growth of 4.4% [8] Group 4: COSMO Chengdu Mall - COSMO Chengdu Mall has transformed from a traditional commercial entity into a trendy retail space targeting young consumers, featuring unique and artistic store designs [10][11] - The mall hosts over 100 events annually, catering to the cultural and social needs of young consumers [11] - The mall's strategy includes introducing designer brands and maintaining a diverse brand mix to attract a broader customer base [11]

Group 1: Retail Developments - Zhongbai Group is accelerating its expansion into the hard discount sector with the opening of 51 new stores on September 26, covering Wuhan and Huangshi, emphasizing quality and low prices with private labels [1] - Huawei and Meiyijia have signed a strategic cooperation agreement to enhance the digital and intelligent transformation of the retail industry through smart convenience store development [3] - Yonghui Supermarket has opened its 13th "Fat Donglai" support store in Henan, focusing on improving product structure and shopping experience to cater to local consumer needs [6] Group 2: Product Innovations - Hema has launched a new "Sunshine Dried Fruit" series, which has seen a 110% increase in sales due to its innovative recipe that reduces sugar content [8] - Yonghui Supermarket has introduced a new bakery product, "Camellia Flower Spring Water Toast," made with high-quality imported ingredients and a low-sugar, low-oil formula [10] Group 3: Market Trends - The 18th Asia International Fruit and Vegetable Expo has opened in Hong Kong, with Baiguoyuan showcasing its supply chain and brand advantages to global partners [13] - The price of the mini version of Labubu blind boxes has decreased by 10%-30% within a week of online sales, indicating a shift in consumer demand and market pricing [20]

Core Viewpoint - The recent riots in Indonesia, triggered by the death of a motorcycle taxi driver due to police actions, have raised concerns about safety and stability in the country, particularly for Chinese businesses and expatriates [3][4][5]. Group 1: Current Situation and Impact on Businesses - The riots have led to a temporary shutdown of TikTok live streaming and increased military presence in certain areas, but many businesses, especially in the PIK area, continue to operate normally despite reduced foot traffic [4][5][6]. - Some Chinese expatriates have chosen to leave Indonesia, with flight prices skyrocketing due to demand, while others remain cautiously optimistic about the long-term business environment [6][5]. - The unrest has raised questions about the potential outflow of Chinese companies from Indonesia, but experts believe that core industries like manufacturing will remain largely unaffected [6][7]. Group 2: Opportunities in the Indonesian Market - Indonesia, as the world's 15th largest country and 4th most populous, presents significant market opportunities across various sectors, including energy, automotive, and consumer goods [7][9]. - Chinese companies, such as Qingshan Holding, have made substantial investments in Indonesia, particularly in the nickel supply chain, which is crucial for electric vehicle batteries [9][10]. - The presence of Chinese enterprises has contributed to local employment and economic development, helping to alleviate some social tensions related to high unemployment rates [10][11]. Group 3: Economic and Social Context - Indonesia faces significant challenges, including a high level of income inequality, with a large portion of the population living in poverty despite the country's rich natural resources [15][16]. - The government has implemented various policies to improve the business environment, such as easing foreign investment restrictions and promoting sectors like renewable energy and digital healthcare [11][19]. - However, local protectionism and bureaucratic hurdles remain significant barriers for foreign businesses, particularly in retail and agriculture [19][20].

Group 1: Department Store Business - The company is accelerating the transformation of existing stores by implementing an "Outlet + Shopping Center" model to address competitive pressures from offline retail and diverse shopping channels [1] - A tailored strategy of "one store, one policy" is being adopted to explore differentiated department store models based on local conditions [1] Group 2: Supermarket Business - The company is returning to the essence of commerce by enhancing product and service capabilities, with three types of supermarket formats: exquisite lifestyle stores, quality supermarkets, and fresh discount community supermarkets [2] - Each supermarket format targets different market segments, focusing on high quality-to-price ratios in core business districts, cost-effective community offerings, and thin-margin community models [2] Group 3: Appliance Business - The company is focusing on expanding into lower-tier markets and strengthening partnerships with leading brands, aiming for significant growth in overall sales through a retail franchise system [2] - The "Century Tong" retail franchise system is dedicated to lower-tier markets, integrating online and offline channels to create a new retail platform [2] Group 4: Automotive Trade - The company is optimizing its operational structure by consolidating offline stores, with new growth driven by the integration of new energy vehicles and used cars [2] - A shift from traditional fuel vehicle sales to new energy vehicle consignment sales is being promoted [2] Group 5: Convenience Store Business - The company is accelerating its entry into the convenience store market, positioning itself as "community convenience + instant service" to cater to various consumer needs [2] - The strategy includes leveraging a light-asset franchise model and utilizing the logistics network of supermarkets to enhance local advantages [2] Group 6: Investment Income from Consumer Finance - The company's investment income from consumer finance is projected to grow steadily, with expected revenues of 596 million, 662 million, and 711 million yuan from 2022 to 2024, reflecting year-on-year growth of 36%, 11%, and 7.4% respectively [3] - Investment income is anticipated to continue its stable growth trend from 2025 to 2027, reaching 782 million, 845 million, and 912 million yuan [3] Group 7: Profit Forecast, Valuation, and Rating - The company's projected operating revenues for 2025-2027 are 16.385 billion, 17.073 billion, and 18.307 billion yuan, with year-on-year changes of -4.40%, +4.20%, and +7.23% [4] - Expected net profits for the same period are 1.445 billion, 1.568 billion, and 1.738 billion yuan, with year-on-year growth rates of +9.92%, +8.47%, and +10.89% [4] - Considering the diversity and stability of the company's business, a target valuation of 12 times for 2025 is set, corresponding to a market value of 17.341 billion yuan and a target price of 39.37 yuan, with a "buy" rating [4]

Core Viewpoint - The retail industry, particularly convenience stores, is facing significant challenges with declining sales and increasing inventory, despite overall market growth in the sector [5][20]. Group 1: Seasonal Performance - The summer season, typically a peak time for sales, has shown disappointing results, with some store owners reporting sales declines of nearly 90% compared to the previous year [6][8]. - Store owners express a sense of hopelessness, often relying on upcoming holidays like the Mid-Autumn Festival and National Day for potential sales recovery [7][8]. - Inventory issues are prevalent, with some store owners holding significant stock that they are reluctant to sell at a loss, leading to increased financial pressure [8][12]. Group 2: Consumer Behavior Changes - Consumers are increasingly price-sensitive, opting for discount stores or online shopping for snacks and beverages, which has led to a decline in in-store purchases [10][14]. - The average transaction size has decreased, with reports of "big orders" becoming rare, indicating a shift in consumer purchasing habits [10][11]. - The overall consumer sentiment is cautious, with many individuals focusing on saving money rather than spending [14][22]. Group 3: Industry Data and Trends - The convenience store sector is experiencing growth in terms of the number of stores, with a reported increase from 182,000 to 196,000 stores in a year, reflecting a 7.7% growth [20]. - Despite the growth in store numbers, the average daily revenue per store has declined by 2.0%, indicating that individual store profitability is under pressure [20]. - The retail environment is characterized by a significant increase in competition, with many new stores opening, leading to market saturation and diluted customer traffic [14][21]. Group 4: Structural Challenges - The convenience store industry is facing structural challenges, including a shift in consumer spending patterns and the rise of online shopping, which has captured over 30% of the market share [22][23]. - Price competition from discount stores is intensifying, with traditional convenience stores unable to match the lower prices offered by these competitors [23][24]. - The need for convenience stores to adapt by offering both convenience and competitive pricing is becoming increasingly critical for survival in the current market [24].

Core Viewpoint - A new convenience store named Huawemei Mian has been established in Yibin City, Cuiping District, with a registered capital of 10,000 RMB, focusing on food sales and related services [1] Company Summary - The legal representative of the newly established store is Li Furong [1] - The store's business scope includes licensed projects such as food sales and on-site drinking water sales, which require approval from relevant authorities [1] - General projects include the sale of pre-packaged food, delivery services, sales of gas and liquid separation and purification equipment, home appliance sales, rental services (excluding licensed rental services), agricultural and sideline product sales, wholesale and retail of daily necessities [1]

Group 1 - A new convenience store named "Yuanqi Pioneer Muyang Qingyin" has been established in Wuming District, Nanning, with a registered capital of 30,000 RMB [1] - The store's legal representative is Lu Xuefeng, and it operates under a general business scope that includes daily necessities sales, food sales (only pre-packaged food), health food sales (pre-packaged), and retail of agricultural products [1] - The store is also authorized to sell drinking water made on-site, alcoholic beverages, and other food items that require approval from relevant authorities before operation [1]