证券代码：000417 证券简称：合百集团 合肥百货大楼集团股份有限公司投资者关系活动记录表 编号：2025—07 | 投资者关系活动类别 | 特定对象调研 □分析师会议 ☑ | | --- | --- | | | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 活动参与人员 | 天风证券、Pleiad Investment、博时基金、光大永明、 | | | 国投泰康信托、华泰保险、汇安基金、嘉实基金、上海混 | | | 沌投资、Carrhae Capital、天治基金、西部利得基金、 | | | 永赢基金、中银国际、国泰海通、东方财富信息股份有限 | | | 公司、磐厚动量（上海）资本管理有限公司、杭州同花顺 | | | 数据开发有限公司、上海东方财富网络科技有限公司、平 | | | 安理财有限责任公司、万得信息技术股份有限公司、华安 | | | 基金管理有限公司、泰康资产管理有限责任公司、宝盈基 | | | 金管理有限公司、宁波盛世知己投资管理中心（有限合 | | | 伙）、上海美市科技有限公司、汇安基金管理有限 ...

天眼查App显示，近日，徐州沫静电器有限公司成立，法定代表人为刘德升，注册资本1万人民币，经 营范围为一般项目：家用电器销售；日用家电零售；电子产品销售；直饮水设备销售；食品销售（仅销 售预包装食品）；金银制品销售；珠宝首饰零售；服装服饰零售；服装辅料销售；日用品销售；塑料制 品销售；母婴用品销售；纸制品销售；家居用品销售；医护人员防护用品零售；渔具销售；日用木制品 销售；办公用品销售；体育用品及器材零售；文具用品零售；橡胶制品销售；茶具销售；钟表销售；日 用百货销售；针纺织品销售；五金产品零售；木制玩具销售；医用口罩零售；包装材料及制品销售；个 人卫生用品销售；卫生洁具销售；金属材料销售；消防器材销售；卫生用品和一次性使用医疗用品销 售；皮革制品销售；农副产品销售；劳动保护用品销售；照明器具生产专用设备销售；针纺织品及原料 销售；电子专用设备销售；办公设备销售；包装专用设备销售；园艺产品销售；电力设施器材销售（除 依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Insights - The retail landscape in Hong Kong is undergoing significant changes, with a high vacancy rate in core commercial areas indicating ongoing challenges for the sector [2][3] - Despite the difficulties, there are signs of potential recovery and adaptation within the market, as evidenced by the rise of new retail formats and the entry of international brands [6][9] Retail Performance - In Q1 2024, the total retail sales value in Hong Kong is projected to be HKD 376.8 billion, reflecting a year-on-year decline of 7.3%, highlighting the ongoing struggles of traditional retail [3] - The vacancy rate in the four core shopping districts reached 12.1%, the highest in nearly four and a half years, with over 60% of vacant shops unoccupied for at least six months [3][4] Market Dynamics - The rise of e-commerce, particularly from mainland China, has led to increased competition for traditional retailers, resulting in a shift towards smaller, more flexible retail spaces and short-term leasing options [4][6] - New retail formats, such as capsule toy stores and pop-up shops, are gaining traction due to lower costs and higher returns, indicating a shift in consumer preferences [8] Consumer Behavior - The increase in visitor numbers to Hong Kong, projected to reach 44.5 million in 2024, is expected to support certain retail sectors, particularly those catering to tourists [5] - Research indicates that frequent travelers from Hong Kong continue to spend significantly in local retail and dining, suggesting that local consumption is not being entirely displaced by cross-border shopping [5] Future Outlook - The decline in rental prices is attracting various international brands to establish a presence in Hong Kong, suggesting a potential revitalization of the retail market [6] - The ongoing adjustments in the retail landscape reflect a broader trend towards experiential shopping and a focus on meeting the evolving demands of consumers [9]