Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company's main business profitability remains stable while actively exploring technology to empower the entire operational chain [6] - The company reported a revenue of 10.123 billion yuan in 2024, a slight decrease of 0.09% year-on-year, and a net profit attributable to shareholders of 521 million yuan, down 7.12% year-on-year [6] - The company is focusing on digital transformation and cost reduction, achieving a significant decrease in period expenses [6] - The company plans to distribute a cash dividend of 1.15 yuan per 10 shares, totaling 156 million yuan, with a cash dividend ratio of 30% [6] - The company is expected to improve operational efficiency and profitability due to the application of AI technology and supportive domestic demand policies [6] Financial Summary - In Q1 2025, the company achieved a revenue of 2.479 billion yuan, down 7.17% year-on-year, and a net profit of 157 million yuan, down 4.15% year-on-year [6] - The projected net profit for 2025 is 532 million yuan, with a corresponding PE ratio of 16 [5][6] - The company’s gross profit margin for 2024 was 29.35%, slightly down from the previous year [6]

2025年04月24日，红旗连锁2024年度业绩网上说明会在全景网顺利举行。出席本次业绩说明会的人员有 董事、总经理曹世如、董事长袁继国、财务负责人李欢、独立董事谭洪涛。 根据全景数据后台统计，在今天的交流过程中，来自全国多个省、市地区的投资者共向上市公司提问42 个，公司嘉宾共回答问题42个，答复率100.00%，充分实现了上市公司与投资者的良好互动。 1、问：领导，您好！我来自四川大决策请问：公司在数字化转型方面进展如何，AI 技术应用的实际落 地情况怎么样？【征集问题】 回答：红旗连锁一直以来都重视信息化的建设，公司的经营和管理都充分运用数字化，在红旗连锁不存 在转型，只存在提档升级。AI技术应用在正常的进行中，请多多关注公司公告。 2、问：您好 请问一季度业绩下滑的原因？【征集问题】 回答：今年的2月为传统春节销售旺季，受气候影响，客单价有所下降；3月连续数日又冷又下雨，也在 一定程度上影响销售；此外，去年调整了部分门店，收入也受到一定影响。但是，公司单店收入整体是 上涨的，同时公司的降本增效等工作很见成效，经营利润不降反增。 3、问：请问管理层在2025年及未来几年是否有新的业务拓展计划？如何确保战 ...