Nanjing Central Emporium Group Stocks Co Ltd

Central Emporium released its 2026 interim report. Total operating revenue was 944 million yuan, down 19.10% year on year. Net profit attributable to the parent was a loss of 28.58 million yuan, with the loss widening by 19.81 million yuan compared with the same period last year. Net cash inflow from operating activities was 115 million yuan, down 27.18% year on year. The company's asset-liability ratio rose to 97.42%, gross margin was 55.28%, return on equity was negative 11.70%, and diluted earnings per share was negative 0.03 yuan. The number of shareholders was 62,300, and the top ten shareholders held 59.45% of total share capital.

Central Department Store disclosed its earnings forecast, expecting a net loss attributable to parent company shareholders of 25 million to 37.5 million yuan for the first half of 2026, compared with a loss of 8.7674 million yuan in the same period last year. After deducting non-recurring gains and losses, the net loss is expected to be 30 million to 45 million yuan, compared with a loss of 6.7225 million yuan a year earlier. The company said the pace of consumption recovery fell short of expectations, with consumer confidence and willingness to spend at physical stores remaining generally weak. Both foot traffic and average transaction value declined, putting sustained pressure on sales at its department stores and shrinking segment revenue. Meanwhile, new retail formats such as online e-commerce platforms, community instant retail, and livestream shopping continued to divert foot traffic from physical stores, further dragging down department store revenue year on year. Central Department Store's core business is department store retailing, and it is expanding its convenience store business through a strategic partnership with Lawson, along with some real estate development operations.