红星美凯龙2023 年度报告

（一家於中華人民共和國註冊成立的中外合資股份有限公司）股票代號: 1528 23571134408286112118120123125128338339 2007H201561528A20181601828 872758464483021521,724,717.1838,500 5186F801 146625 221901-22901-26 1231 H 893203A-5 183171712-1716 24 127 1033 99917 2000 1528601828 www.chinaredstar.com (1)(2)(3) 20231231202311,515.02,412.7856.4 2023M+ 202320232023 87275846448 2023 IP M+ M+ 2024M+ 2024328 2023 20235.2%20222.23%6.3%6.1%20239.2%9.0% 20237.2%5.8%2.8%0.5%7.8%20232024 202314202366.16%0.94 70 20233M+10+1 1.1 1.1 872758464483021521,724,717 82.8%85.7%292 1.2 4.510.8%113.3%11.1%A+49.6% 202343%54%mall78%100% 1.2 2023710 1.3 20233M+M+M+ 1.4 2019 295IP 100DAU≥1001180%234%2.0 IP 2023IP IP76IP315FUN818FUN8185620 92B61.150010 12,000400264CRM 2023315618818202330040650100%2023759697% 202325988%2023100% 90%2,58095.12%CQC568&371006 68.1%95.96%96.3%95.1%94.5%97.4% 2022 1. 11,515.0202214,138.318.6%13.8%14.5%2022 2. 20225,293.620234,481.715.3% 2. 3. 7,033.320228,844.720.5%61.1%202262.6%1.5 4. 1,483.112.9%20221,555.311.0%4.6% 5. 1,762.515.3%20221,861.813.2%5.3% 6. 20222,503.320232,654.66.0% 7. 8. 30.82022780.896.1% 9. 2,412.72022678.6455.6%856.420221,672.9151.2% 10. 1,203.33,169.51,966.220221,962.2758.9 11. 5,035.520226,096.61,061.1 12. 1,757.6 13. 98,480.22022100,022.21,542.01,546.0 14. 351.320221,049.42023202266.5% 15. 2,529.82,506.820222,626.22,608.296.4101.4 2,363.620223,879.01,515.4 701.42022687.713.7 3,166.020228,059.24,893.2 16. 34,448.832,690.31,758.5 12,976.63,898.710,774.06,799.4 (3) 17. 87,753.4730.431,680.1379.4 18. 19. 20. 21. 1,151.4353.7 22. 23. 24. 14,4612022123118,10120232,584.820223,016.4 1. 70 2. 3. 4. 20238761984.879.3% 15.5984.8-1.6% A 2024 1 IP 2 M+ 3 4 5 578019901219901994199461994200720072007202382023820181220192 502013220133202322090200091999200542011102019619947200712010320016 48202381997819988200312202370731 19977 3920238200610200882008820237600153200882020220202202332023320237 20067 52202322023220238202382004420204199822002120001200212002220105201512202222020520206 19937 5120232199882015122018220141120195 19988199912 48202322000720165202252022520237 20116 352023820177BABA99882010920118601995390820119201372015820177 20156 4120238200572005920135201310201510601089201511 4520238201512201812022820207 20156 572023819903002335002766601577 200312 6120238 19974 54202382011202220062011004119911998201811• 49202382000820058 20095 6420238000506 20026 46202382003120002003 20121 37202372023820097201272012820171201722023760015320096 49200820238199520161CIACISACAP 54200762012122023120121219946200761992720119 49202020192017-20182014201212 46202172021122021919999201852018620216 A 201116H20156261528)A2018117601828) i. ii.iii.iv. 31353 5 7112986202312317920 (i)(ii)(iii) 20231231C2 20% 29 22434 20228132.4975.2%320228232022824 20018 8,143.26 123120 2023 H10%H H10% HHH[2014]8120%H HH 23742 338 721.75.1% 269.77.8% 30%30% 1858 5014A14A 14A (i) 2023122715012 600153.SH14A0.1%5%14A20231227 (i) 202333020234140,000,00020243312023330 92%14A 2023330 5.49 (ii) 2023330202341110,000,00020243312023330 14A 11.43 (iii) 202333045,200,0002023412024331 14A 2023330 18.78 (iv) 20221230202311202312317.8202351.3 2023112023123128202316.3 8002023112023123120230.29 20238282023123116.3202212302023123117.5 14A 202212302023828 22.100.2615.74 (v) 202041713881B1202051336,0002,00013881B12023430 60%14A MALL2020417 6.35 (vi) 2021514100% 2020925173,000,000 100%14A 9.42 20231231(i)(ii)(iii) 14A.56(i)(ii)(iii)(iv)20231231 233 20231231 A 2021262021319 800 30,000.001.000.1% 2021513•15,780,0000.36%9.5014,994.30 1220215132022512202251212 20241282024927 20235820235102,919,000A20231218202312293,243,100AA9,617,900 A A201811760182810.23315,000,0003,222,450,000.00A172,442,150.373,050,007,849.63A9.6814.42201812201811620182720189789% 20231231A A 20219449,732,6738.233,701,299,898.7922,936,099.503,678,363,799.29202053202063202062320214192021518202110212020632021426202150% AAA 20231231A 2024328A 20238103 XV(a)XV78(b)352(c) (i) 202312314,354,732,6733,613,447,039A741,285,634H (ii) (1)92%XV202312311,083,618,667A24.88% (a)XV78(b)352(c) XV233365% (1)202312314,354,732,6733,613,447,039A741,285,634H(2)(3)New Retail Strategic Opportunities Investments 4 Limited65,737,710 HNew Retail Strategic Opportunities Fund, L.P.New Retail Strategic Opportunities Investments 4 Limited100%New Retail Strategic Opportunities Fund GP, L.P.New Retail Strategic Opportunities Fund, L.P.New Retail StrategicOpportunities GP LimitedNew Retail Strategic Opportunities Fund GP, L.P.Alibaba Investment LimitedNew Retail Strategic Opportunities Fund GP, L.P.New Retail Strategic Opportunities FundGP, L.P.100%Alibaba Investment LimitedNew Retail Strategic Opportunities GP Limited100%Alibaba GroupHolding LimitedAlibaba Investment Limited100%Alibaba Group Holding Limited65,737,710HTaobao China Holdin