对于密集剥离动作，苏宁易购也在公告中解释，当前坚定聚焦家电3C核心业务，持续推进非主营业务 单元的精简瘦身工作，将多措并举进一步降低企业债务水平，持续化解公司债务负担。 回顾其持有历程，苏宁易购2019年以48亿元收购家乐福中国80%股权。但受外部消费环境变化、消费行 为转变等因素影响，叠加自身流动性不足，家乐福的经营状况仍未能改善。从2023年开始，苏宁易购陆 续关闭家乐福商超业务。 目前，苏宁易购家用电器及消费电子收入占比达八成以上，日用百货收入占比仅半成。 财务数据显示，今年前三季度，苏宁易购实现营收381.31亿元，同比增长0.29%；归母净利润7333万 元，同比下滑87.76%。第三季度营收为122.36亿元，净利润为2464万元，扣非后净亏损为11.1亿元。 12月10日，苏宁易购发布公告称，全资子公司苏宁国际旗下控股子公司以合计8元价格，向上海启纾家 福出售8家子公司100%股权，每家公司转让对价均为1元。 出售完成后，公司将增加归母净利润约9.92亿元。 详细信息显示，此次出售的8家公司包括南京时光煮酒、曲靖客优仕、客优仕管理咨询等，均为苏宁国 际旗下家乐福中国体系内的资产。截至今年9月30 ...

Core Insights - ST Yigou is a well-known comprehensive e-commerce enterprise in China, established in 1996 and listed on the Shenzhen Stock Exchange in 2004, with a strong competitive edge in the sales and service of home appliances [1] Financial Performance - For Q3 2025, ST Yigou reported a revenue of 38.131 billion, ranking second in the industry, surpassing the industry average of 25.801 billion, with the industry leader, Guolian Co., achieving 38.78 billion [2] - The main business segments include home appliances and consumer electronics at 21.377 billion, accounting for 82.55%, with other segments contributing 2.149 billion (8.30%), daily necessities at 1.495 billion (5.77%), and services at 0.875 billion (3.38%) [2] - The net profit for the same period was 76.099 million, also ranking second in the industry, with the industry average at 450.1 million and the leader's profit at 1.327 billion [2] Financial Ratios - As of Q3 2025, ST Yigou's debt-to-asset ratio was 90.14%, a slight decrease from 90.95% year-on-year, significantly higher than the industry average of 67.51% [3] - The gross profit margin for Q3 2025 was 20.13%, down from 21.65% year-on-year, but still above the industry average of 13.03% [3] Executive Compensation - The chairman and president, Ren Jun, received a salary of 1.7421 million in 2024, a decrease of 60,900 from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 4.38% to 180,800, while the average number of circulating A-shares held per account increased by 4.58% to 51,200 [5]