BIEM(SZ:002832)2025-09-19 12:50Financial Performance - The company has distributed a total cash dividend of 1.736 billion CNY since its listing, maintaining a stable profit distribution plan to enhance shareholder returns [3][8] - In 2025, the company has already distributed 285 million CNY in dividends [5] Shareholder Concerns - Investors inquired about the lack of share buyback plans despite having idle cash, to which the company stated that any future buyback plans would be disclosed in accordance with regulations [2][3] - The company acknowledged the impact of macroeconomic factors and market risks on stock prices, emphasizing the importance of investor awareness regarding these risks [5][8] Strategic Initiatives - The company aims to enhance its brand image and market share through internationalization, high-end positioning, and a multi-brand strategy [4][9] - Plans include optimizing marketing management, improving store layouts, and increasing brand promotion efforts to drive revenue growth [6][9] Market Positioning - The company is focused on maintaining a high-end market position while adapting to changing consumer preferences, particularly targeting younger demographics [4][9] - The introduction of new brands and expansion into high-end shopping centers are part of the strategy to capture market share from competitors [4][9] Digital and E-commerce Strategy - The company reported a 71.82% year-on-year increase in e-commerce revenue for the first half of 2025, with an e-commerce gross margin of 77.87% [7] - Efforts are being made to enhance online channel layouts and improve customer shopping experiences through collaborations with e-commerce platforms [7][9] Operational Challenges - Concerns were raised about the company's inventory management, with a high inventory-to-revenue ratio indicating potential inefficiencies [6][9] - The company is committed to optimizing inventory turnover and improving resource allocation to enhance operational efficiency [6][9]