老百姓：老百姓2024年年度报告

IntheeventofanydiscrepancybetweentheChineseandEnglishversions,theChineseversionshallprevail. ImportantNotes I.TheCompany'sBoardofDirectors,BoardofSupervisors,anddirectors,supervisors,seniorexecutiveswarrantthetruthfulness,accuracy,andcompletenessofthecontentofthisannualreport,confirmthattherearenofalserecords,misleadingstatements,ormaterialomissions,andassumeindividualandjointlegalliability. II.AlldirectorsoftheCompanyattendedthemeetingoftheBoardofDirectors. III.Ernst&YoungHuaMingLLP issuedastandardunqualifiedauditor'sreportfortheCompany. IV.TheCompany'sprincipal XieZilong,personinchargeofaccountingwork ChenLishan,andpersoninchargeofaccountingdepartment(chiefaccountant)ShiLeideclare:Wewarrantthetruthfulness,accuracy,andcompletenessofthefinancialreportinthisannualreport. V.ProfitdistributionplanorplanforcapitalizationofcapitalreservesforthereportingperiodapprovedbytheBoardofDirectors'resolution Accordingtotheproposalreviewedandapprovedatthe8thmeetingofthe5thBoardofDirectorsonApril29,2025,basedonthetotalsharecapitalontherecorddatefortheimplementationoftheequitydistribution,itisproposedtodistributeacashdividendofRMB0.8(taxincluded)forevery10sharesheldbyallshareholders.TheCompanywillnotissuebonussharesorconvertcapitalreservesintosharecapital.AsofMarch31,2025,theCompany'stotalsharecapitalwas760,095,613shares.TheproposedcashdividenddistributionisRMB60,807,649.04(taxincluded).Thetotalproposedcashdividendfortheyear2024(taxincluded)isRMB312,216,098.28(includingtheinterimdividendofRMB251,408,449.24for2024),representing60.15%ofthenetprofitattributabletotheparentcompanyfor2024. VI.Riskstatementregardingforward-lookingstatements √Applicable□NotApplicable Theforward-lookingstatementsinvolvedinthisreport,suchasfutureplans,developmentstrategies,donotconstitutesubstantialcommitmentsbytheCompanytoinvestors.Pleasepayattentiontoinvestmentrisks. VII.Whetherthereisanynon-operationaloccupationoffundsbythecontrollingshareholderandotherrelatedparties No VIII.Whetherthereisanysituationofprovidingexternalguaranteesinviolationofstipulateddecision-makingprocedures No IX.Whethermorethanhalfofthedirectorscannotguaranteethetruthfulness,accuracy,andcompletenessoftheannualreportdisclosedbytheCompany NoX.Majorriskwarning Duringthe reportingperiod,there were no majorrisks that had a substantial impacton theCompany'sproductionandoperation.TheCompanyhaselaboratedindetailinthisreportonthevariousrisksitmayfaceduringitsproductionandoperation,aswellasthecorrespondingcountermeasures.Pleaserefer to Section III"Discussion and Analysis by the Management",Part VI"Company'sDiscussionandAnalysisofFutureDevelopment-(IV)PotentialRisks". XI.Other □Applicable√NotApplicable Contents SectionIDefinitions............................................................................................................................5SectionIICompanyProfileandMainFinancialIndicators.................................................................8SectionIIIDiscussionandAnalysisbytheManagement....................................................................13SectionIVGovernance.........................................................................................................................43SectionVEnvironmentandSocialResponsibility.............................................................................69SectionVISignificantMatters.............................................................................................................73SectionVIIShareChangesandShareholderInformation.....................................................................95SectionVIII PreferenceshareRelatedSituation...................................................................................103SectionIXBondRelatedSituation.....................................................................................................104SectionXFinancialReport...............................................................................................................104 SectionI Definitions I.Definitions SectionIICompanyProfileandMainFinancialIndicators I.CompanyInformation II.ContactsandContactInformation III.BasicInformationSummary IV.InformationDisclosureandDocumentLocation V.CompanyStockProfile VI.OtherRelevantInformation VII.MainAccountingDataandFinancialIndicatorsfortheLastThreeYears (I)MainAccountingData (II)MainFinancialIndicators ExplanationoftheCompany'smainaccountingdataandfinancialindicatorsforthepastthreeyearsattheendofthereportingperiod √Applicable□NotApplicableDuringthisreportingperiod,operatingincomedecreasedby0.36%comparedtothepreviousyear, basicallyflat;netprofitattributabletoshareholdersofthelistedcompanyandnetprofitattributabletoshareholdersofthelistedcompanyafterdeductingnon-recurringgainsandlossesdecreasedby44.13%and41.18%respectivelycomparedtothepreviousyear,mainlyduetotheincreaseinthenumberofnewstores,whicharestillintheirperformancegrowthperiod,andtheCompany'srecognitionofgoodwillimpairmentlosses;netcashflowgeneratedfro