SAINT ANGELO(SZ:002154)2024-07-11 12:08Group 1: Retail Performance - Recent terminal retail performance is below the company's expectations set at the beginning of the year [2] - Current discount control across various brands is satisfactory [2] - The number of new members for the Haggis brand has increased year-on-year in the first half of the year [2] Group 2: Channel Expansion - The company is steadily advancing channel expansion for each brand [3] - The growth brand Le Fei Ye focuses on healthy and rapid development, emphasizing core categories and expanding offline channels, particularly in mature northern markets [3] - The online focus includes expanding live e-commerce business and promoting environmental projects through offline brand exhibitions [3] Group 3: Product Development - Haggis accessories, such as bags, have shown rapid growth since their launch, although their market share remains small [3] - Retail performance in the outlet channel has outperformed that of the regular price channel in the first half of the year [3] Group 4: Financial Overview - As of December 31, 2023, the company's investment property had a book value of 109,904.39 million yuan and a carrying value of 52,312.33 million yuan, with a provision for impairment of 4,647.85 million yuan for the year [3] - The company considers various factors, including operational performance and financial status, when formulating dividend plans to return value to shareholders [3]