BHDS(SZ:000882)2024-07-24 00:28Group 1: Company Overview - Beijing Hualian Group has focused on the development, innovation, and upgrading of the physical retail industry for over 30 years, maintaining profitability for five consecutive years with an average revenue growth rate exceeding the national retail sales growth rate [3]. - Beijing SKP has been awarded the title of "Global Store King" for four consecutive years, achieving an annual sales of CNY 24.6 billion with a high double-digit compound growth rate [3]. - The company operates nearly 30 shopping centers across multiple cities, with 15 located in Beijing, which is its core operating area [3]. Group 2: Business Operations - The company generates revenue through unified management of shopping centers, earning rental and management fees [3]. - Membership numbers across national projects reach 5.24 million, with member consumption accounting for 35% of total sales [3]. - In 2023, foot traffic increased by 31% year-on-year, while in-store merchant sales grew by 13% [3]. Group 3: Supply Chain and Strategic Goals - The company has established a comprehensive supply chain capability, including national warehousing and logistics for fashion goods, and has built 40 fresh produce procurement bases [4]. - The acquisition of DT51 aims to enhance existing business operations, significantly improving efficiency and asset productivity [4]. - DT51 has exceeded sales and profit expectations since its opening on January 6, 2023, and is part of a pilot project to empower community retail [3][4]. Group 4: Future Plans and Market Confidence - The company is actively exploring opportunities for business and equity integration with new productive forces, as indicated by recent regulatory guidance [6]. - Management and controlling shareholders have initiated share buybacks and increased their holdings to boost market confidence [6][7]. - The company is committed to enhancing customer experience through data analysis and targeted product offerings, leveraging digital technology for operational improvements [5][7].