Hefei Department Store (000417)2025-02-21 09:44Sales Performance - The retail sector achieved sales of 4.9 billion CNY from January 24 to January 27, 2025, marking a year-on-year increase of 4.1% [1] - During the 8-day Spring Festival holiday, sales reached 2.5 billion CNY, with the "Hejiafu" supermarket contributing 1.05 billion CNY, reflecting a growth of 2.4% [1] - The electrical appliances and liquor categories saw significant growth, with large appliances increasing by 60.22% and liquor sales rising by 51.5% [2] Supermarket Adjustments and Results - Since 2024, the company has made substantial adjustments in supply chain, product strength, and brand development, adding 240 new brands and achieving a brand update rate of 12.5% [3] - The introduction of 58 new direct brands brought the total to 320, while 33 new fresh produce direct sourcing bases were established, totaling 73 [3] - The "Hejiafu" supermarket's self-owned brand sales increased by 143.63% compared to the previous year [5] Logistics and Supply Chain Development - The "Feixi Logistics Park" opened in September 2024, maintaining a rental rate of over 90% and achieving a transaction volume exceeding 70,000 tons and a transaction value of over 1.1 billion CNY since the beginning of 2025 [8] - The cold chain logistics sector has seen a 15.28% increase in throughput, with a total of over 140,000 tons processed from January to November [9] - The company aims to integrate cold chain logistics with its retail operations, enhancing the overall logistics framework in Hefei [9] Online Business Growth - In 2024, the company established a live-streaming matrix for agricultural products, generating nearly 30 million CNY in sales through approximately 1,000 live-streaming events [10] - In 2025, the live-streaming sales reached 8.74 million CNY, with an increase of 34,300 followers, bringing the total to 126,000 [10] Future Investment and Financing - Future capital expenditures will focus on the second phase of the Feixi Logistics Park, upgrades to retail outlets, and investments in five new business areas [10]