Group 1 - The company New World Department Store China (00825) announced a series of executive changes effective from January 9, 2026 [1] - Mr. Zhang Hui Re has resigned as Chairman and Executive Director, and will no longer serve as an authorized representative or member of the Executive Committee, Nomination Committee, and Remuneration Committee [1] - Dr. Zheng Jia Chun has been appointed as the new Chairman and Executive Director, as well as a member of the Executive Committee [1] - Ms. Huang Shao Mei has been appointed as Vice Chairman and Executive Director, and will serve as the Chair of the Executive Committee [1] - Executive Director Ms. Xie Hui Fang will no longer serve as Chair of the Executive Committee but will remain a member [1] - Executive Directors Ms. Zhao Hui Xian and Mr. Chen Yao Hao have been appointed as members of the Nomination Committee [1] - Executive Directors Mr. Liu Fu Qiang and Mr. Chen Yao Hao have been appointed as members of the Remuneration Committee, with Mr. Liu Fu Qiang also appointed as an authorized representative [1]

Group 1 - New World Department Store China (00825.HK) announced changes effective from January 9, 2026 [1] - Zhang Huihe has resigned as Chairman and Executive Director, and will no longer serve as an authorized representative or member of the Executive Committee, Nomination Committee, and Remuneration Committee [1] - Zheng Jiachun has been appointed as Chairman and Executive Director, as well as a member of the Executive Committee [1] - Huang Shaomei has been appointed as Vice Chairman and Executive Director, and Chairman of the Executive Committee [1] - Executive Director Xie Huifang will no longer serve as Chairman of the Executive Committee but will remain a member [1] - Executive Directors Zhao Huixian and Chen Yaohua have been appointed as members of the Nomination Committee [1] - Executive Directors Liu Fuqiang and Chen Yaohua have been appointed as members of the Remuneration Committee [1] - Liu Fuqiang has been appointed as an authorized representative [1]

Group 1 - The company New World Department Store China (00825) announced a series of management changes effective from January 9, 2026 [1] - Mr. Zhang Huire has resigned as Chairman and Executive Director, and will no longer serve as an authorized representative or member of the Executive Committee, Nomination Committee, and Remuneration Committee [1] - Dr. Zheng Jiachun has been appointed as Chairman and Executive Director, as well as a member of the Executive Committee [1] - Ms. Huang Shaomei has been appointed as Vice Chairman and Executive Director, and Chairperson of the Executive Committee [1] - Executive Director Ms. Xie Huifang will no longer serve as Chairperson of the Executive Committee but will remain a member of the Executive Committee [1] - Executive Directors Ms. Zhao Huixian and Mr. Chen Yaohau have been appointed as members of the Nomination Committee [1] - Executive Directors Mr. Liu Fuqiang and Mr. Chen Yaohau have been appointed as members of the Remuneration Committee, with Mr. Liu Fuqiang also appointed as an authorized representative [1]

Core Viewpoint - International rating agency Morningstar has raised the fair value estimate of Hong Kong property developer New World Development from HKD 5.5 to HKD 5.8, an increase of approximately 5.5% [1] Group 1: Asset and Cash Flow Assessment - The adjustment reflects a reassessment of the company's asset portfolio and cash flow expectations [1] - Recent asset disposal progress has exceeded expectations, contributing positively to the valuation [1] - The core leasing business has shown stable performance, supporting the valuation increase [1] Group 2: Market Variables - The agency highlights that the trends in Hong Kong interest rates and changes in property market policies remain key variables for future developments [1]

Core Insights - The China Manned Space Engineering Office announced the release of the 2025 Annual Report on the Progress of Scientific Research and Application of the Chinese Space Station on January 8, 2026 [1] Group 1: Achievements in Manned Spaceflight - Since entering the application and development phase of the space station, China has successfully organized 6 manned flights, 4 cargo resupply missions, and 5 spacecraft return missions [4] - The first emergency launch has been successfully implemented, with 6 astronaut crews and 18 astronauts having long-term stays in orbit [4] - A total of 13 extravehicular activities (EVA) have been conducted, along with multiple extravehicular maintenance tasks, setting a world record for the longest single EVA duration [4] Group 2: Operational Stability and Future Developments - The Chinese space station is currently operating stably and demonstrating good efficiency [4] - The selection of the fourth batch of reserve astronauts, including experts from Hong Kong and Macau, has been completed, and the development of a low-cost cargo transportation system has been initiated [4]

Core Insights - The China Manned Space Engineering Office announced the release of the 2025 "China Space Station Scientific Research and Application Progress Report" on January 8, 2026 [1] Group 1: Achievements in Manned Spaceflight - Since entering the application and development phase of the space station, China has successfully completed 6 manned flights, 4 cargo resupply missions, and 5 spacecraft return missions [4] - A total of 18 astronauts have participated in long-term stays in orbit, conducting 13 extravehicular activities and multiple payload operations outside the station [4] - The program has set a new world record for the duration of a single extravehicular activity by astronauts [4] Group 2: Ongoing Developments - The selection of the fourth batch of reserve astronauts, including experts from Hong Kong and Macau, has been completed [4] - The development of a low-cost cargo transportation system has been prioritized and initiated [4] - The Chinese space station is currently operating stably and demonstrating good operational efficiency [4]

Market Overview - The general retail sector experienced a decline of 0.36% on January 7, with Cuiwei Co. leading the drop [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] Stock Performance - Notable gainers in the general retail sector included: - Youa Co. (002277) with a closing price of 7.85, up 9.94% and a trading volume of 899,900 shares, totaling 6.91 billion yuan [1] - Shanghai Jiubai (600838) closed at 12.60, up 7.05% with a trading volume of 1,061,900 shares, totaling 13.37 billion yuan [1] - New World (600628) closed at 8.45, up 5.23% with a trading volume of 546,400 shares, totaling 4.55 billion yuan [1] Fund Flow Analysis - The general retail sector saw a net outflow of 346 million yuan from institutional investors, while retail investors contributed a net inflow of 145 million yuan [2] - The top stocks by net inflow from retail investors included: - Youa Co. with a net outflow of 91.06 million yuan from retail investors [3] - Shanghai Jiubai with a net outflow of 5.84 million yuan from retail investors [3] - New World with a net outflow of 3.12 million yuan from retail investors [3]

Core Viewpoint - New World has shown a mixed performance in stock price, with a year-to-date increase of 4.71% and a recent decline in trading activity, indicating potential volatility in investor sentiment [2]. Group 1: Stock Performance - On January 7, New World stock rose by 2.49%, reaching a price of 8.23 CNY per share, with a trading volume of 78.935 million CNY and a turnover rate of 1.52%, resulting in a total market capitalization of 5.324 billion CNY [1]. - Year-to-date, New World’s stock price has increased by 4.71%, with no change in the last five trading days, a 5.92% increase over the last 20 days, and a 12.13% increase over the last 60 days [2]. Group 2: Company Overview - Shanghai New World Co., Ltd. was established on November 8, 1996, and listed on January 19, 1993. The company operates in the retail and healthcare sectors, with revenue contributions of 50.32% from the pharmaceutical industry, 22.40% from commercial activities, 18.23% from hotel services, and 6.86% from other sectors [2]. - The company is classified under the Shenwan industry as retail trade - general retail - department stores, and is associated with concepts such as new retail, ice and snow industry, state-owned enterprise reform, and small-cap stocks [2]. Group 3: Financial Performance - For the period from January to September 2025, New World reported an operating income of 791 million CNY, reflecting a year-on-year decrease of 1.90%, and a net profit attributable to shareholders of 64.479 million CNY, down 1.46% year-on-year [2]. - The company has distributed a total of 1.187 billion CNY in dividends since its A-share listing, with 64.688 million CNY distributed over the past three years [3]. Group 4: Shareholder Information - As of September 30, 2025, New World had 43,200 shareholders, a decrease of 9.22% from the previous period, with an average of 14,982 circulating shares per shareholder, which is an increase of 10.15% [2]. - Among the top ten circulating shareholders, the China Securities Shanghai State-owned Enterprise ETF (510810) ranked as the ninth largest, holding 4.6278 million shares, a reduction of 595,000 shares compared to the previous period [3].

Core Viewpoint - K11MUSEA reported a nearly 50% year-on-year increase in overall foot traffic during the three-day New Year holiday, with retail and dining tenants experiencing double-digit sales growth [1] Group 1: Sales Performance - The highest single transaction amount exceeded 1 million HKD, primarily concentrated in the jewelry and watch categories [1] - Retail and dining tenants recorded double-digit sales growth during the holiday period [1] Group 2: Customer Demographics - The proportion of mainland Chinese visitors is steadily recovering, driving high-end consumption [1] Group 3: Future Initiatives - To maintain momentum, K11MUSEA plans to launch a spring-themed installation and limited-time promotions in mid-January, collaborating with several luxury brands to offer exclusive products [1] - The goal is to increase foot traffic by an additional 30% during the upcoming Chinese New Year holiday [1]

证券代码：600628 证券简称：新世界 公告编号：临2026-001 上海新世界股份有限公司 关于使用募集资金购买理财产品或结构性存款到期赎回的公告 投资种类：结构性存款 投资金额：32,500 万元 已履行的审议程序： 分别详见公司于 2024 年 11 月 23 日、2025 年 11 月 22 日在上海证券交易所网站披露的《上 海新世界股份有限公司关于继续使用募集资金购买理财产品或结构性存款的公告》（公告编 号 2024-034、2025-023）。 一、本次购买理财产品到期赎回的情况 2025 年 9 月 30 日，公司使用闲置募集资金在兴业银行股份有限公司购买了 32,500 万元 结构性存款。 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法律责任。 重要内容提示： 上海新世界股份有限公司(以下简称"公司") 于 2024 年 11 月 22 日召开的第十一届董 事会第二十四次会议审议通过了《关于上海新世界股份有限公司继续使用募集资金购买理财 产品或结构性存款的议案》，为提高资金使用效率，在保证不影响募集资金投资项目建设和 ...