Hefei Dept(SZ:000417)2022-12-08 05:22Group 1: Sales Performance - The main reason for the decline in department store sales is the significant impact of last year's high base on the largest category, gold, along with economic slowdown, e-commerce competition, and intensified competition [2] - Categories such as women's clothing, children's products, and cosmetics performed relatively well, while tobacco, alcohol, and men's clothing were negatively affected by policy changes [2] Group 2: Supermarket Operations - The supermarket segment consists mainly of hypermarkets and standard supermarkets, with a focus on employee franchise models due to high rental costs and labor expenses [3] - Supermarket revenue accounts for nearly 30%, with a slight low single-digit decline this year [3] Group 3: Supply Chain Financial Investments - Supply chain financial investments are crucial for the company's profit model transformation, moving away from traditional reliance on product price differences [3] - The company is leveraging cash flow advantages in retail and agriculture, focusing on new investment returns through banking, third-party payments, microloans, and consumer finance [3] Group 4: Store Opening Plans - Due to macroeconomic and industry factors, large retail enterprises are generally slowing down their store opening pace [3] - The company plans to appropriately delay some new store openings, with projects in Wuhu and Fuyang expected to commence operations in 2015, and the Chuzhou project in 2016 [3] Group 5: Mixed Ownership Development - The company currently has no specific plans for mixed ownership development, as the direction and progress of state-owned enterprise reforms vary across regions [4]