RAINBOW(002419)2024-11-11 09:32Group 1: Company Overview and Business Model - The company operates as a digital commerce enterprise, focusing on digital retail and digital industry businesses [1] - Digital retail integrates online and offline services, providing localized consumer services for both C-end customers and B-end enterprises [1] - The digital industry business offers digital business services and consulting through its technology subsidiary, Lingzhi Digital [1] Group 2: Store Expansion Plans - The company maintains a cautious store expansion strategy, evaluating and optimizing store structures and new store plans annually based on market changes [2] - New shopping centers are currently under preparation, with a focus on sustainable development [2] Group 3: Supermarket Transformation and Private Brand Development - The company has initiated internal organizational optimization and mechanism reforms in its supermarkets since the second half of last year [2] - The first SP@CE3.0 store opened on September 6, achieving a 196% year-on-year sales increase on opening day without promotional activities [2] - Private brand sales account for over 10% of supermarket sales, with plans to enhance sales through quality and pricing strategies [2] Group 4: Department Store Transformation - The company is upgrading its department store format, introducing new trend products and enhancing marketing efforts to increase foot traffic and sales conversion [2] - Adjustments to store formats are made based on customer demand, aiming to transform into community lifestyle centers [2] Group 5: Dividend Policy - The company has a proactive cash dividend policy, with cash dividends historically accounting for about 50% of net profit attributable to shareholders before 2020 [2] - In 2023, the cash dividend amount represented 82.5% of the net profit attributable to shareholders [3] - Future dividend proposals will consider profit distribution policies and operational needs [3]