Core Viewpoint - Lishang Guochao (600738) reported a revenue of 660 million yuan for 2024, benefiting from national policies aimed at boosting domestic consumption, which provides significant growth opportunities for the company [1] Financial Performance - In 2024, the company achieved a net profit of 72.55 million yuan, with basic earnings per share of 0.10 yuan [1] - The Q1 2025 report showed a revenue of 177 million yuan and a net profit of 58.84 million yuan, with basic earnings per share of 0.08 yuan [1] Shareholder Returns - The company proposed a cash dividend of 1.5 yuan per 10 shares for 2024, totaling 11.03 million yuan, and has distributed a cumulative cash dividend of 168.56 million yuan over the past three years [2] - The company repurchased 7,278,466 shares, accounting for 0.96% of total shares, with a total expenditure of 31.07 million yuan [2] - The controlling shareholder announced a plan to increase holdings by 1% to 2% of total shares, with a maximum expenditure of 76.13 million yuan, reflecting confidence in the company's value [2] Market Management - The company reported a stable performance in its professional market management, with high occupancy rates of 96.5% in Hangzhou and 95.6% in Nanjing [3] - Revenue from professional market management reached 419.23 million yuan, a growth of 2.73%, with a gross margin of 76.10% [3] - The company implemented a digital management strategy, enhancing operational efficiency and merchant activity through platforms like "Lida Tong" and "Lichao Purchase" [3] Asset Optimization - The company aims to empower merchants by optimizing rental structures and enhancing the rental space of core locations [4] - The asset management business is expected to maintain stable performance and ensure a certain asset yield [4] Retail Sector Revitalization - Lishang Guochao's core retail asset, Lanzhou Eurasia Shopping Mall, has undergone multiple adjustments to improve customer experience and has introduced nearly 60 new brands [5] - The company successfully increased member engagement and loyalty through targeted marketing strategies, resulting in higher member spending and recruitment [5] - The integration of online and offline retail models has attracted significant consumer attention [5] New Retail Development - The new retail sector showed signs of recovery in 2024, with the company leveraging its advantages to establish a comprehensive supply chain system [6] - The company is focused on providing all-around service support through e-commerce, logistics, and advertising [6] Strategic Outlook - The company plans to capitalize on national policies aimed at boosting domestic consumption, focusing on traditional business consolidation and digital transformation [7] - Future strategies include upgrading the industrial chain and creating an internal ecosystem centered around core business operations [7]

4月29日晚间，丽尚国潮（600738）发布2024年年报和2025年一季报，公司2024年实现营业总收入6.66 亿元，实现净利润7255.25万元，基本每股收益0.10元；今年一季度实现营业总收入1.77亿元，实现净利 润5884.93万元，基本每股收益0.08元。 丽尚国潮是国内老牌商贸零售企业，主要业务为专业市场管理、商贸百货零售和新消费新零售业务。 2024年，政府以"消费促进年"为主线，激发消费潜能，培育壮大新型消费，稳定和扩大传统消费，推进 服务消费品质升级。值此背景下，丽尚国潮积极调整战略布局，在运营管理建设方面取得显著成效。 报告期内，丽尚国潮杭州、南京专业市场出租率维持高位，采批及物流双平台建设成效明显，商户活跃 度与交易量双升。商贸零售业务平稳向好，积极盘活资产，招商工作高质量推进，自营酒店建设有序开 展，主营板块营业收入稳中有增，整体运营稳健有序。 从业务板块来看，专业市场管理业务作为丽尚国潮核心业务之一，2024年实现营业收入4.19亿元，毛利 率为76.10%，成为支撑公司业绩的关键力量。其中，位于杭州凤起路黄金商圈核心区的杭州环北专业 市场2024年出租率约为96.5%；位于南京 ...