红星美凯龙2024 年度报告

紅星美凱龍家居集團股份有限公司Red Star Macalline Group Corporation Ltd. （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 年度報告 23571028347679100106108111113116326327 2007H201561528A20181601828 772577334053020220,325,65941,000 5186F801 146625 221901-22901-26 1231 H 893203A-5 183171712-1716 24 11 1033 99917 2000 1528601828 www.chinaredstar.com (2) (3) (1)(1) 2024123120247,8213,492 202420243+77257733405 202420242024 3+ 3+150+M+MALL81.3%3100252616.4 20242024472.466.911.513 M+SCRM 2025 2025327 2024 20245.0%1305.3%5.1%20245.2%5.1% 20243.5%3.2%3.6%0.812.3%11.82.0%2024120249269262024 202414202467.00%0.84 2024926 2024 7783.0%25782.5%7334053020220,325,659 1. 2.3+ M+ 202433+100 20241M+MALL16M+842025M+MALL81.3% 20249128.63,1003100252616.46 60%15%15%10% 3. 2024202431532 202442492024472.466.911.517% 4. 2024 M+SCRM 5. 3+2.2 M+16M+ π605,000+9,000 S +1.0 6. + 1618 1. 7,821.3202311,515.032.1%21.0%28.1%2023 2. 2,834.320234,481.736.7% 3. 4,987.020237,033.329.1%63.8%202361.1%2.7 4. 1,028.313.1%20231,483.112.9%30.7% 5. 1,451.718.6%20231,762.515.3%17.6% 6. 20232,654.620242,531.24.6% 7. 8. 591.7202330.82,021.1% 9. 3,492.020232,412.744.7%1,327.42023856.455.0% 10. 585.22,150.51,565.320231,203.3618.1 11. 4,398.420235,035.5637.1 12. 1,230.9 13. 95,104.2202398,480.23,376.02,879.0 14. 370.32023351.3202420235.4% 15. 3,154.03,111.820232,529.82,506.8624.2605.0 216.420232,363.62,147.2 631.22023701.470.2 242.620233,166.02,923.4 16. 29,054.427,263.61,790.8 16. 7,807.06,705.39,181.95,360.2 (1)(2)(3) 17. 83,155.6562.629,016.4335.7 18. 19. 20. 21. 724.8233.1 22. 23. 24. 11,5532023123114,46120242,177.220232,584.8 1. 2. 3. 4. 20247762951.080.17% A 2025 1 IP 2 M+ 3 4 5 3520252202522025320253201072022460015320243 588019901219901994199461994200720072007202382023820181220192 49202381997819988200312202370731 19977 4020238200610200882008820237600153200882020220202202332023320237 20067 53202322023220238202382025320044202042024820248199822002120001200212002220105201512202222020520205 19937 4920232200072023720165202252022520237 20116 51201322013320238202322024122024122090200091999200542011102019619947200712010320016 362023820177BABA99882010920118601995390820119201372015820177 20156 4220238200572005920135201310201510601089201511 4620238201512201812022820207 20156 582023819903002335002766601577 200312 6220238 19974 55202382011202220062011004119911998201811• 50202382000820058 20095 6520238000506 20026 472023820031158520002003 20121 38202372023820097201272012820171201722023760015320246 50200820238199520161CIACISACAP 50202020192017-20182014201212 47202172021122021919999201852018620216 A 201116H20156261528)A2018117601828) i. ii. 29854 7102479202412317316 (i)(ii)(iii) 20241231C2 20% 24 21334 20228132.4975.2%320228232022824 18618 6,329.85 111108 2024 H10%H H10% HHH[2014]8120%H HH 22442 326 322.24.1% 352.430.62%131.511.4% 202412315% 30% 1718 5114A14A 14A 1. 20243267024,538,6002024412025331 14A1614A23.30.1%5%14A2024326 2. 20208620213302023330113,1552024326I202512152024927IIII219.11212.86113,155112,703I III14A14.070.1%5%14A20243262024927 (i) 202333020234140,000,00020243312023330 92%14A 2023330 0.12 (ii) 2023330202341110,000,00020243312023330 14A 7.08 (iii) 202333045,200,0002023412024331 14A 2023330 0 (iv) 2024712202411202612312026123125 202471220247222044721202472220241231375204312311990020441120447215252024712 14A14A.81121214.070.1%5%14A 315.900 (v) 20247122024112026123122024927I(i)(ii)2026123120304040605020247122024927 14A 0.1%5%14A 715.94 (vi) 202471220241120261231202612312020247122024927 14A 0.1%5%14A 265.82 (vii) ,14A.07 14A 2.06.02013201312201412014 (i)(ii)(iii) 202492720242025123120242025123116.012.38 14A14A0.1%5%14A 9.63 2024927 (viii) 2024112620241126MKL 1020241126 14A0.1%5%14A 0 20241231(i)(ii)(iii) 14A.56(i)(ii)(iii)(iv)20241231 22040 20241231202412311,044,800AAAA A 2021262021319 800 30,000.001.000.1% 2021513•15,780,0000.36%9.5014,994.30 1220215132022512202251212 20241282025926 202491820249303,801,700AA5,816,200 A A201811760182810.23315,000,0003,222,450,000.00A172,442,150.373,050,007,849.639.6814.4220181220181162018272018972024412024429 20241231A (1) (2)202441202452320244292023A20232023 (3)20241231328,96016,943124311,8932023202412314,000 (5) A 20219449,732,673A8.233,701,299,898.7922,936,099.503,678,363,799.292020532020632020623202141920215182021102120244120206320214262024429 20241231A (1)202441202452320244292023A3D2023 (2)2030 2023820241227,103 XV(a)XV78(b)352(c) 202412314,354,732,6733,613,447,039A741,285,634H (ii) (1)92%XV202412311,023,348,353A23.50% (a)XV78(b)352(c) XV233365% (1)202412314,354,732,6733,613,447,039A741,285,634H(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 O