| 证券代码：600185 | 股票简称：珠免集团 | | 编号：临 | 2025-046 | | --- | --- | --- | --- | --- | | 债券代码：250772 | 债券简称：23 格地 | 01 | | | 珠海珠免集团股份有限公司 董事会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、董事会会议召开情况 珠海珠免集团股份有限公司（以下简称"公司"）第八届董事会第三十七次 会议于 2025 年 8 月 14 日以通讯表决方式召开，会议通知于 2025 年 8 月 8 日以 电子邮件方式发出。本次会议由公司董事长李向东先生主持，会议应出席董事 7 人，实际参加表决董事 7 人。本次会议的召集、召开符合《中华人民共和国公司 法》及公司《章程》规定。 二、董事会会议审议情况 （一）审议通过《关于开展外汇套期保值业务的议案》； 表决情况：同意票 7 票，反对票 0 票，弃权票 0 票。 为有效规避和降低汇率波动风险，董事会同意公司及下属子公司开展外汇套 期保值业务，总额不超过 3 亿元人 ...

Core Viewpoint - The successful implementation of the "immediate purchase and refund" tax refund service for outbound travelers at Zhuhai Duty-Free Mall marks a significant enhancement in shopping convenience and efficiency for international visitors [2][4]. Group 1: Policy Implementation - The "immediate purchase and refund" service allows international travelers to receive tax refunds instantly at the point of sale, significantly reducing the time previously spent at airports [2][4]. - The minimum purchase amount for tax refunds has been lowered from 500 yuan to 200 yuan, making the service more accessible [4]. Group 2: Business Development - Zhuhai Duty-Free Mall, established in 1988, has evolved into a key player in the retail sector, initially serving residents from Hong Kong, Macau, and Taiwan [6]. - The mall has been upgrading its services and plans to launch a comprehensive smart retail platform by November 2024, integrating online shopping, brand management, and supply chain management [6]. Group 3: Customer Experience - The mall has enhanced its customer service offerings by introducing various facilities such as children's play areas and relaxation lounges to cater to diverse consumer needs [7]. - The management aims to leverage the launch of the "immediate purchase and refund" service to further improve service capabilities and enhance the shopping experience for international travelers [11].

Group 1 - The stock price of Zhuhai Duty Free Group closed at 5.78 yuan on August 5, down 0.02 yuan, representing a decline of 0.34% from the previous trading day [1] - The trading volume on that day was 99,805 hands, with a total transaction amount of 58 million yuan [1] - The company is primarily engaged in the retail of duty-free goods and owns commercial projects such as Zhuhai Duty Free Shopping Center [1] Group 2 - The company stated that the preparation and leasing work for the Sanya Bay No. 1 project is progressing in an orderly manner [1] - On August 5, the net outflow of main funds was 8.7852 million yuan, with a cumulative net outflow of 25.1001 million yuan over the past five days [1]

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：公司在三亚湾一号一到四层的珠海免税店什么时候开 业？ 珠免集团（600185.SH）8月5日在投资者互动平台表示，投目前三亚湾壹号项目的开业筹备及招商工作 正在有序推进中。 ...

格隆汇8月5日丨珠免集团(600185.SH)在互动平台表示，目前珠海免税未在海南经营口岸免税业务。 ...

Core Insights - Zhuhai's first "immediate refund" service for outbound travelers was successfully launched at Zhuhai Duty-Free Mall, marking the first application of this policy in the city [1] - The "immediate refund" service allows international travelers to receive a prepaid amount equivalent to their tax refund at the point of purchase, significantly streamlining the refund process [1] - The minimum purchase amount for tax refunds has been lowered from 500 yuan to 200 yuan, making it easier for travelers to benefit from the refund policy [1] Company Developments - Zhuhai Duty-Free Mall has been a key player in the city's tax refund policy since its implementation in 2016, and has actively engaged in promoting the new "immediate refund" service [2] - The mall has conducted extensive research and collaborated with local authorities and banks to optimize the refund process, ensuring a standardized and efficient service experience [2] - The mall offers a diverse range of products eligible for the "immediate refund" policy, including clothing, personal electronics, watches, and cosmetics, enhancing shopping options for international travelers [2] Industry Trends - The implementation of the "immediate refund" service is part of a broader effort to boost consumer attraction and international competitiveness in Zhuhai, driven by increasing numbers of international visitors [2] - The Zhuhai Duty-Free Mall is set to launch a new integrated smart retail platform in November 2024, which will enhance its online and offline shopping capabilities [3] - The mall aims to leverage the success of the "immediate refund" service to further improve its service capabilities and provide a better shopping experience for international travelers [3]

Group 1 - The core viewpoint of the news is that Zhuhai Zhuhai Group (600185) has experienced a significant decline in its financial performance, with a notable drop in revenue and net profit in the latest quarterly report [1] - As of July 29, 2025, the company's stock closed at 5.87 yuan, down 1.01%, with a trading volume of 22.95 million shares and a transaction amount of 1.34 billion yuan [1] - The company reported total operating revenue of 919 million yuan for the first quarter of 2025, a year-on-year decrease of 58.54%, and a net profit attributable to shareholders of 90.96 million yuan, a year-on-year decrease of 537.22% [1] Group 2 - The company's non-recurring net profit was 92.39 million yuan, showing a year-on-year increase of 32.83% [1] - The liquidity ratios indicate a current ratio of 1.201 and a quick ratio of 0.466, with a debt-to-asset ratio of 81.38% [1] - Zhuhai Zhuhai Group was established in 1999 and primarily engages in the real estate industry, with a registered capital of 1.885 billion yuan [1] Group 3 - The company has made investments in 23 enterprises and participated in 10 bidding projects [2] - It holds 765 trademark registrations and 1 patent, along with 15 administrative licenses [2]

Core Viewpoint - The homeowners of the Hai De No.1 project in Shanghai's Pudong New Area have refused to accept the delivery of their luxury apartments, citing discrepancies between the actual delivered units and the contractual agreements, particularly regarding ceiling height and usable area [3][4][14]. Group 1: Homeowner Complaints - Homeowners have issued a notice rejecting the delivery due to the developer's failure to meet the contracted ceiling height and changes in design that resulted in increased usable area, leading to additional costs of tens to hundreds of thousands of yuan [3][14]. - The "triangular balcony," initially marketed as a key feature, has been criticized as merely decorative rather than functional, contradicting the original sales pitch [14][15]. - A lawyer representing the homeowners stated that the actual measured ceiling height was only 3.1 meters, while the contract specified 3.6 meters, leading to significant discrepancies in expected versus actual living space [22]. Group 2: Developer's Response - The developer, Zhuhai Mian Group, has denied allegations of false advertising and stated that the project adhered to all relevant regulations during design and construction [4][21]. - The company is actively communicating with homeowners to clarify misunderstandings and has filed complaints against false reports circulating online [4][21]. - The developer claims that the project has been delivered in accordance with the necessary permits and that the delivery process is ongoing, with over 80 units already accepted [3][4]. Group 3: Market Context - The Hai De No.1 project was launched in a hot real estate market, with a total of 163 units priced at an average of 12.98 million yuan per square meter, attracting 639 prospective buyers [6][8]. - The project is located in a highly sought-after area, which has contributed to its initial popularity, but the current delivery issues reflect a growing trend of complaints among buyers in Shanghai's real estate market [22][23].

Core Insights - The Qingmao Port has become a significant hub for trade and travel between Guangdong and Macau since its opening in 2021, benefiting from a "two places, one inspection" model and 24-hour operations [1][2] - The port has recorded a daily passenger flow of approximately 100,000, peaking at 134,000, with a total of about 18 million travelers processed in the first half of 2025 [1][2] - The opening of the duty-free shop at Qingmao Port is expected to enhance shopping options for travelers and stimulate economic activity in the area [1][3] Company Developments - Zhuhai Duty-Free Group has established a strong presence in the duty-free market, operating nearly 20 duty-free stores across various land, port, and airport locations in China, including all key entry and exit points in Zhuhai [2] - The newly opened Qingmao Port duty-free store is part of a coordinated network with other key stores, enhancing cross-border shopping experiences for travelers [2] - Following a major asset restructuring in 2024 and integration into Huafa Group in 2025, Zhuhai Duty-Free Group is focusing on a business model centered around "duty-free + commercial management + trade," aiming to exit real estate operations within five years [2][4] Operational Highlights - The Qingmao Port duty-free store spans approximately 90 square meters and primarily sells popular duty-free items such as alcoholic beverages [3] - The company is leveraging the synergies from Huafa Group's three major industrial clusters to accelerate its transition towards a platform-based, ecological, and professional model [4]

Group 1 - The company expects a net profit attributable to the parent company for the first half of 2025 to be between -485 million yuan and -245 million yuan, indicating a loss [1][2] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be between -477 million yuan and -241 million yuan [1][2] - The preliminary financial assessment indicates that the company will experience a decrease in revenue and gross profit compared to the same period last year, along with high expense outlays [2] Group 2 - For the first half of 2024, the total profit was -748 million yuan, and the net profit attributable to the parent company was -776 million yuan [2] - The earnings per share for the first half of 2024 were reported at -0.41 yuan [2] - The expected reduction in losses for the current period is attributed to the consolidation of Zhuhai Duty-Free Enterprises Group Co., Ltd. into the financial statements, which positively impacts the current period's profit and loss [2]