Core Viewpoint - In 2024, the company demonstrated strong resilience and development potential in a challenging market environment through strategic initiatives and innovative practices [1] Business Structure Optimization - The company reported a revenue of 10.381 billion yuan in 2024, with the supermarket business generating 9.262 billion yuan, accounting for 89.22% of total revenue [2] - The company has focused on building a "quarter-hour convenient living circle," completing the transformation of 10 warehouse hypermarkets and launching the new "Zhongbai Neighbourhood" format to enhance consumer shopping experiences [2] - New store openings included 163 convenience stores, 18 community supermarkets, 1 rural supermarket, 5 community canteens, and 14 new brand stores "Zhongbai Qianshuang Xiaozhan," further solidifying its commercial layout [2] Operational Efficiency Improvement - The company improved operational management by accelerating supply chain development and optimizing product structure, achieving a product turnover rate of nearly 80% in transformed warehouse hypermarkets [3] - Over 10,000 low-efficiency SKUs were eliminated in convenience stores, and 265 new products were developed, enhancing market competitiveness [3] - Sales, management, and financial expenses decreased, with sales expenses down by 11.52% compared to the previous year, indicating effective measures in optimizing sales strategies and enhancing management efficiency [3] Accelerated Digital Transformation - The company advanced its digital transformation by completing projects like the financial management platform and launching procurement and asset management systems, enhancing data analysis and operational efficiency [4] - The self-developed online platform "Zhongbai Neighbourhood Purchase" saw a 66% year-on-year sales increase, showcasing significant growth potential [4] - The company conducted over 1,600 live broadcasts, attracting more than 260 million viewers, which broadened sales channels and improved brand influence [4] Organizational Management Innovation - The company recruited 230 young talents and implemented a "100 college students reserve training plan," injecting fresh energy into its development [5] - Financial management reforms included vertical management of subsidiary financial positions and appointed financial leaders to enhance financial oversight and effectiveness [5] - The company strengthened internal control risk prevention and management, focusing on financial, funding, procurement, and contract management areas [5] Social Responsibility Commitment - The company actively fulfills its social responsibilities and was recognized as a model case for social responsibility practices among Hubei listed companies [6] - Initiatives included community support for left-behind children and the elderly, providing essential goods to disadvantaged families, and offering exclusive member benefits to 18,000 veterans, resulting in direct savings of over 4 million yuan [6] - Participation in community service activities enhanced local convenience and fostered community engagement [6] Future Outlook - The company aims to enhance its core competitiveness and steadily progress towards becoming a century-old livelihood enterprise, aspiring to achieve remarkable performance in the retail sector [7]