东方甄选(1797.HK)盘中一度大跌近11%，报28.2港元，截至目前成交超22亿港元。 东方甄选此前公布的财报显示，2025财年(2024年6月-2025年5月)，东方甄选持续经营业务(即自营产品及直播电商业务)净营收由65亿元同比减少32.7%至 44亿元，持续经营业务净溢利619.1万元，较上年同期的2.49亿元大幅下降97.5%。对于净利润大幅下滑，该公司解释称，主要是由于报告期内出售与辉同 行所致。 高盛发表研报指，东方甄选截至今年5月底止下半财年业绩好坏参半，商品交易总额(GMV)同比跌55%至39亿元，较该行预期低15%。 ...

(责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 东方甄选此前公布的财报显示，2025财年(2024年6月-2025年5月)，东方甄选持续经营业务(即自营产品 及直播电商业务)净营收由65亿元同比减少32.7%至44亿元，持续经营业务净溢利619.1万元，较上年同 期的2.49亿元大幅下降97.5%。对于净利润大幅下滑，该公司解释称，主要是由于报告期内出售与辉同 行所致。 高盛发表研报指，东方甄选截至今年5月底止下半财年业绩好坏参半，商品交易总额(GMV)同比跌55% 至39亿元，较该行预期低15%。 格隆汇8月26日｜东方甄选(1797.HK)盘中一度大跌近11%，报28.2港元，截至目前成交超22亿港元。 ...

来源：格隆汇APP 格隆汇8月26日｜东方甄选(1797.HK)盘中一度大跌近11%，报28.2港元，截至目前成交超22亿港元。 高盛发表研报指，东方甄选截至今年5月底止下半财年业绩好坏参半，商品交易总额(GMV)同比跌55% 至39亿元，较该行预期低15%。 东方甄选此前公布的财报显示，2025财年(2024年6月-2025年5月)，东方甄选持续经营业务(即自营产品 及直播电商业务)净营收由65亿元同比减少32.7%至44亿元，持续经营业务净溢利619.1万元，较上年同 期的2.49亿元大幅下降97.5%。对于净利润大幅下滑，该公司解释称，主要是由于报告期内出售与辉同 行所致。 ...

Core Insights - Oriental Selection reported a significant decline in net revenue and GMV for the fiscal year 2025, with net revenue dropping by 32.7% to 4.4 billion RMB and GMV decreasing by 39.2% to 8.7 billion RMB [1][2] - Despite the revenue decline, the company achieved a positive net profit of 0.062 billion RMB, recovering from a loss in the first half of the fiscal year [1] - The gross margin improved from 25.9% to 32% due to a reduction in inventory and logistics costs, which fell by 38.2% to 3 billion RMB [1] Financial Performance - The continuous operating business's net revenue decreased from 6.5 billion RMB to 4.4 billion RMB, reflecting a 32.7% year-on-year decline [1] - The net profit for the fiscal year was reported at 0.062 billion RMB, a recovery from the previous year's loss, while adjusted net profit increased by 30% to 1.354 billion RMB [1] - Administrative expenses rose by 22.5% to 484.8 million RMB, primarily due to the distribution of remaining profits related to the departure of former CEO Dong Yuhui [2] Management Changes - Dong Yuhui's departure had a notable impact on the company's operations and financials, with a significant portion of the administrative expenses attributed to his severance [2] - The company clarified that former CEO Sun Dongxu is on leave and has not officially left the company, while Yu Minhong has taken over as CEO [2]

Core Viewpoint - AEON's first comprehensive department store in mainland China, located in Guangzhou Tianhe City, is set to close in June 2023 due to a renovation plan that will see Yonghui Supermarket replace it [2][12][20]. Company Overview - AEON Tianhe City store opened in July 1996 and has been operational for nearly 29 years [5][13]. - AEON currently operates 16 other stores in Guangzhou and has a total of 40 stores in Guangdong, including 21 comprehensive department stores and 19 supermarkets [21][23]. Market Dynamics - The closure is attributed to the mismatch between rental costs and revenue, as AEON's brand appeal and product competitiveness have declined over time [20]. - AEON's revenue from its mainland operations has been on a downward trend since 2018, with a reported revenue of HKD 4.339 billion in 2024, down 4.68% year-on-year, and an operating loss of HKD 65.856 million [23]. Competitive Landscape - Yonghui Supermarket will take over the space vacated by AEON, launching a new store format that focuses on optimizing product structure and enhancing the shopping environment [25][27]. - Yonghui's new store is expected to feature a product structure similar to that of its successful "Pang Dong Lai" format, with a significant increase in ready-to-eat products and a focus on customer service enhancements [25][26]. Future Plans - Despite the closure of the Tianhe City store, AEON plans to open eight new stores in Guangdong in 2023, indicating a strategy to expand its footprint despite challenges [21][23].