Hefei Department Store Group Co Ltd

Hebai Group disclosed its earnings forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 53 million yuan and 69 million yuan, a year-on-year decline of 59.62% to 68.98%. Net profit after deducting non-recurring items is expected to be between 20 million yuan and 26 million yuan, a year-on-year decline of 52.72% to 63.63%. Basic earnings per share are between 0.068 yuan and 0.0885 yuan. The decline in performance is mainly due to the absence of 83.9751 million yuan in non-recurring investment income from equity changes in an associate company recorded in the same period last year. At the same time, the consumption recovery fell short of expectations, putting pressure on the main retail business revenue. The department store format is in a transition period, the marginal effect of national subsidies for the electrical appliance format is diminishing, and the company also made inventory impairment provisions for some goods.

Yonghui Superstores expects net profit attributable to shareholders of 250 million yuan for the first half of this year, with recurring net profit of 30 million yuan, swinging to a profit year-on-year. As of June 30, the company had completed restructuring at 331 stores, with overall gross margin up 1.6 percentage points year-on-year and period expense ratio down 1.8 percentage points. The company has entered the core push phase of its second-stage restructuring, focusing on healthy consumption scenarios. Taking the Wanda store in Chengzhong district, Liuzhou, Guangxi as an example, cumulative sales exceeded 17 million yuan in 13 days since opening. In addition, shares held in Advantage Solutions Inc. generated a fair value gain of 89 million yuan. Performance divergence among traditional supermarkets is intensifying. Hefei Department Store Group expects first-half net profit attributable to shareholders to fall 59.62 to 68.98 percent year-on-year, while Zhongbai Holdings Group expects a loss of 248 million to 331 million yuan.