Core Insights - Nanjing Xinbai reported a revenue of 3.212 billion yuan for the first half of 2025, with a net profit of 166 million yuan, reflecting a 0.76% increase year-on-year [1] - The company continues to focus on the health sector, showcasing stable operations and ongoing innovation across various segments [1] Business Segments Summary Elderly Care Business - Ankangtong, a leader in domestic elderly care, secured 105 project bids in the first half of 2025, marking a 28% increase year-on-year [1] - The company added 18 day care centers and one elderly care institution, with a 27% increase in the number of people served nationwide [1] - Ankangtong obtained over 20 new qualifications and collaborated with 92 partners across various sectors including healthcare, education, and finance [1] Overseas Elderly Care Business - Natali's revenue grew by 6.4% in the first half of 2025, with nursing and membership services increasing by 6.1% and 5.0% respectively [2] - The core private pay user base increased by approximately 900, with around 1,500 new or upgraded product and service sales [2] - Natali successfully acquired UK-based MCS and achieved profitability in the UK market, transitioning from government services to international business [2] Biomedical Sector - Qilu Stem Cells completed China's first FACT certification in the first half of 2025 [2] - The company introduced innovative multi-room storage services and diversified products including immune cell storage and testing [2] - A dedicated AI task force was established to promote intelligent customer service in the future [2] Modern Commerce - Nanjing Xinbai's central store introduced 35 new brands and 9 benchmark brands in the first half of 2025, with a 5.4% increase in foot traffic [3] - The company initiated a renovation project to create a youthful and trendy gathering place, with the Nanjing Xinjiekou area becoming a popular social media spot [3] - HOF Nanjing store focused on the first-store economy and subculture, leading to explosive growth in customer traffic [3]

证券代码：600682 证券简称：南京新百 公告编号：临 2025-023 南京新街口百货商店股份有限公司 2025年半年度经营数据公告 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法律责任。 南京新街口百货商店股份有限公司（以下简称公司）根据上海证券交易所《上市 公司自律监管指引第 3 号——行业信息披露》之《第四号——零售》和《关于做好主 板上市公司 2025 年半年度报告披露工作的通知》的相关要求，现将公司 2025 年半年 度主要经营数据（未经审计）公告如下： 一、2025 年半年度主要经营数据 （一）主营业务分行业情况 单位:元 币种:人民币 主营分行业 主营业务收入 主营业务成本 毛利率 （%） 营业收入比上 年增减（%） 营业成本比上 年增减（%） 商业 189,253,068.15 66,811,693.70 64.70 -11.97 -6.14 宾馆餐饮业 15,116,019.36 1,755,818.37 88.38 -3.38 -2.76 健康养老、护理业 1,081,941,642.15 869,660,96 ...

南京新街口百货商店股份有限公司2025 年半年度报告 公司代码：600682 公司简称：南京新百 南京新街口百货商店股份有限公司 2025 年半年度报告 1 / 225 南京新街口百货商店股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人蔡邕、主管会计工作负责人唐志清及会计机构负责人（会计主管人员）郭仪平 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的经营计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请投资 者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十 ...

Market Overview - On August 28, the comprehensive sector rose by 0.92% compared to the previous trading day, with Dongyangguang leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Stock Performance - Dongyangguang (600673) closed at 20.43, with a gain of 2.61% and a trading volume of 791,200 shares, amounting to a transaction value of 1.59 billion [1] - Yatai Group (600881) closed at 2.07, up 1.47%, with a trading volume of 1,560,300 shares and a transaction value of 320 million [1] - Zongyi Co. (600770) closed at 6.26, up 1.46%, with a trading volume of 833,300 shares and a transaction value of 520 million [1] - Other notable stocks include Te Li A (000025) at 17.64 (+0.40%), and Hongmian Co. (000523) at 3.29 (+0.30%) [1] Capital Flow - The comprehensive sector experienced a net outflow of 364 million from institutional funds, while retail funds saw a net inflow of 209 million [2] - The net inflow from speculative funds was 155 million [2] Individual Stock Capital Flow - Yatai Group saw a net inflow of 24.71 million from institutional funds, while it experienced a net outflow of 22.78 million from speculative funds [3] - Hongmian Co. had a net inflow of 2.50 million from institutional funds and a net inflow of 3.64 million from speculative funds [3] - Shanghai Sanmao (600689) experienced a net outflow of 4.56 million from institutional funds, but a net inflow of 1.68 million from retail investors [3]

Market Overview - The Shanghai Composite Index fell by 1.76% on August 27, with only one industry, telecommunications, showing an increase of 1.66% [1] - The sectors with the largest declines were beauty care and real estate, down 3.86% and 3.51% respectively [1] Capital Flow - There was a net outflow of 129.75 billion yuan from the main funds in the two markets, with all sectors under Shenwan experiencing net outflows [1] - The computer industry had the largest net outflow, totaling 16.31 billion yuan, followed by the pharmaceutical and biological sector with a net outflow of 12.32 billion yuan [1] Comprehensive Industry Performance - The comprehensive industry dropped by 3.14%, with a net outflow of 428 million yuan, and 15 out of 16 stocks in this sector declined [1] - The top three stocks with the largest net outflows included Dongyangguang, Yuegui, and Nanjing Xinbai, with outflows of 144.91 million yuan, 73.73 million yuan, and 53.51 million yuan respectively [1] Stock Performance - The stock performance table indicates that Dongyangguang had a decline of 3.21% with a turnover rate of 2.68% and a net outflow of 144.91 million yuan [1] - Tianchen Co. was the only stock in the comprehensive industry to maintain a stable price, with a net inflow of 17.58 million yuan [1]

Market Overview - On August 26, the comprehensive sector rose by 1.13% compared to the previous trading day, with Zongyi Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] Stock Performance - Zongyi Co., Ltd. (600770) closed at 6.25 with a gain of 2.97%, trading volume of 659,700 shares and a turnover of 410 million yuan [1] - Sanmu Group (000632) closed at 4.22, up 2.43%, with a trading volume of 191,800 shares and a turnover of 80.16 million yuan [1] - Zhangzhou Development (000753) closed at 7.44, gaining 2.20%, with a trading volume of 1,270,700 shares and a turnover of 934 million yuan [1] - Dongyangguang (600673) closed at 20.57, up 1.68%, with a trading volume of 1,137,500 shares and a turnover of 2.382 billion yuan [1] Capital Flow - The comprehensive sector experienced a net outflow of 143 million yuan from main funds, while retail funds saw a net inflow of 1.27 billion yuan [2] - The net inflow from speculative funds was 16.05 million yuan [2] Individual Stock Capital Flow - Nanjing New Hundred (600682) had a main fund net inflow of 19.37 million yuan, but a net outflow of 24.12 million yuan from retail investors [3] - Zhangzhou Development (000753) saw a main fund net inflow of 13.86 million yuan, with a significant net outflow of 38.44 million yuan from speculative funds [3] - Shanghai Sanmao (600689) experienced a main fund net outflow of 4.17 million yuan, while speculative funds had a net inflow of 2.93 million yuan [3]

Core Viewpoint - Nanjing Xinjiekou Department Store Co., Ltd. is facing significant regulatory scrutiny due to multiple violations related to information disclosure, which raises concerns about its governance and operational sustainability [2][8]. Group 1: Regulatory Violations - The Shanghai Stock Exchange has issued disciplinary actions against Nanjing Xinjiekou and its three former chairmen for failing to disclose guarantees and related party transactions in a timely manner [2][8]. - Two core subsidiaries of Nanjing Xinjiekou failed to disclose external guarantees, with a total of 8 billion yuan (approximately 1.2 billion USD) in undisclosed guarantees from 2018 to 2021 [4][5]. - The company also did not disclose the occupation of funds by its controlling shareholder, transferring 492 million yuan (approximately 70 million USD) to related parties without proper disclosure [6]. Group 2: Financial Performance - Nanjing Xinjiekou has experienced a continuous decline in net profit for three consecutive years, with a reported net profit of 230 million yuan (approximately 32 million USD) in 2024, a decrease of about 70% compared to 2022 [9]. - The company's operational efficiency is declining, as evidenced by an increase in accounts receivable turnover days from 63.80 days in 2021 to 71.75 days in 2024 [9]. - Inventory levels have surged from 288 million yuan (approximately 41 million USD) at the end of 2022 to 827 million yuan (approximately 118 million USD) by the first quarter of 2025, marking an increase of over 287% [9].

Core Viewpoint - Nanjing Xinbai has faced disciplinary actions from the Shanghai Stock Exchange due to failures in timely disclosure of external guarantees and related party transactions, leading to penalties for the company and its controlling shareholder, Sanpower Group [1][2][3]. Group 1: External Guarantees - Nanjing Xinbai's subsidiary, Nanjing Xinbai Real Estate Development Co., Ltd., provided external guarantees from 2018 to 2021, amounting to 2.095 billion, 1.376 billion, 1.537 billion, and 1.949 billion respectively [1]. - Another subsidiary, Taizhou Danrui Biotechnology Co., Ltd., also provided external guarantees of 531 million and 547 million in 2019 and 2020 [1]. Group 2: Related Party Transactions - Nanjing Xinbai failed to disclose funds occupied by its controlling shareholder, Sanpower Group, which amounted to 492 million in 2017 through indirect payments [2]. - In 2017 and 2018, transactions with related parties totaled 193.35 million and involved other companies, but Nanjing Xinbai did not disclose these transactions in its annual reports [3]. Group 3: Disciplinary Actions - The Shanghai Stock Exchange issued public reprimands to Nanjing Xinbai, Sanpower Group, and several key executives for their failures in disclosure and compliance [3]. - The penalties included a fine of 4 million for Sanpower Group and 2 million for its actual controller, Yuan Yafei, along with a 10-year market ban for Yuan Yafei [5]. Group 4: Company Background - Nanjing Xinbai, established in 1952 and listed in 1993, is a major player in retail and healthcare, with its main revenue coming from the health and medical industry [4].

Core Viewpoint - Nanjing Xinjiekou Department Store Co., Ltd. (Nanjing Xinjie, 600682) faced disciplinary actions from the Shanghai Stock Exchange due to failures in timely reviewing and disclosing external guarantee matters, leading to penalties for three chairmen [1][4] Group 1: External Guarantees - Nanjing Xinjie’s subsidiary, Nanjing Xinjie Real Estate Development Co., Ltd., had external guarantees from 2018 to 2021 amounting to 2.095 billion, 1.376 billion, 1.537 billion, and 1.949 billion respectively [2] - Another subsidiary, Taizhou Danrui Biotechnology Co., Ltd., had external guarantees of 531 million and 547 million in 2019 and 2020 respectively [2] Group 2: Related Party Transactions - Nanjing Xinjie failed to disclose fund occupation by its controlling shareholder, Sanpower Group, which involved indirect payments totaling 492 million in July and August 2017 [3] - Sanpower Group did not submit a list of related parties as required, leading to undisclosed transactions totaling 193.35 million with various companies in 2017 and 2018 [4] Group 3: Regulatory Actions - The Shanghai Stock Exchange issued public reprimands to Nanjing Xinjie, Sanpower Group, and several key executives, including the actual controller and former chairmen [4] - The China Securities Regulatory Commission (CSRC) imposed fines of 4 million on Sanpower Group and 2 million on the actual controller, along with a 10-year market ban for the controller [6] Group 4: Company Background - Nanjing Xinjie, established in August 1952 and listed in 1993, is a "Chinese Time-honored Brand" and primarily operates in modern commerce, health care, and biomedical sectors, with major revenue from health care [5]

Core Viewpoint - Nanjing Xinjiekou Department Store Co., Ltd. (Nanjing Xinjie, 600682) faced disciplinary actions from the Shanghai Stock Exchange due to failures in timely reviewing and disclosing external guarantee matters, leading to penalties for three chairmen [1][4] Group 1: External Guarantees - Nanjing Xinjie’s subsidiary, Nanjing Xinjie Real Estate Development Co., Ltd., had external guarantees from 2018 to 2021 amounting to 20.95 billion, 13.76 billion, 15.37 billion, and 19.49 billion respectively [2] - Another subsidiary, Taizhou Danrui Biotechnology Co., Ltd., had external guarantees of 5.31 billion and 5.47 billion in 2019 and 2020 respectively [2] Group 2: Related Party Transactions - Nanjing Xinjie failed to disclose fund occupation by its controlling shareholder, Sanpower Group, which involved indirect payments totaling 4.92 billion in July and August 2017 [3] - Sanpower Group did not submit a list of related parties as required, leading to undisclosed transactions totaling 193.35 million and additional transactions of 90 million and 107.5 million in 2017 and 2018 [4] Group 3: Regulatory Actions - The Shanghai Stock Exchange issued public reprimands to Nanjing Xinjie, Sanpower Group, and several executives including the actual controller and former chairmen due to the aforementioned issues [4] - The China Securities Regulatory Commission (CSRC) imposed fines of 4 million on Sanpower Group and 2 million on the actual controller, along with a 10-year market ban for the controller [6] Group 4: Company Background - Nanjing Xinjie, established in August 1952 and listed in 1993, is a "Chinese Time-honored Brand" and primarily operates in modern commerce, health care, and biomedical sectors, with major revenue from the health care industry [5]