Hn.F&A.Co.,Ltd(002277)2025-01-09 11:26Group 1: Company Overview - The company primarily operates in the department retail sector, with business formats including department stores, outlets, shopping centers, convenience stores, specialty stores, and online shopping platforms. The main operating models are consignment, distribution, and property leasing. Currently, there are no supermarket operations [2]. Group 2: Major Restructuring Background - The company is undergoing a significant restructuring due to national policies encouraging mergers and acquisitions to enhance competitiveness in the semiconductor power device industry. The company aims to improve its sustainable profitability and seek new profit growth points [2]. - The company has engaged Shenzhen Shangyang Tong Technology Co., Ltd. as the acquisition target, and due diligence is currently being conducted by hired intermediaries. The valuation and pricing of the target assets have not yet been determined [3]. Group 3: Outlet Operations - The company operates one outlet store each in Changsha and Tianjin, with an additional urban outlet store in Changsha. The Changsha outlet is ranked among the top ten outlets in China, contributing significantly to the company's revenue and profit [3]. Group 4: Convenience Store Expansion - In 2019, the company obtained a 20-year franchise for 7-ELEVEN in Hunan Province. Currently, it operates through both self-managed and franchised models, with plans to accelerate the expansion of convenience stores outside the Changsha area [3].