证券之星消息，11月19日，大商股份（600694）融资买入749.92万元，融资偿还680.9万元，融资净买入 69.03万元，融资余额2.68亿元，近3个交易日已连续净买入累计529.59万元，近20个交易日中有12个交 易日出现融资净买入。 | 交易日 | 融资净买入(元) | 融资余额(元) | 占流通市值比 | | --- | --- | --- | --- | | 2025-11-19 | 69.03万 | 2.68亿 | 4.32% | | 2025-11-18 | 195.62万 | 2.67亿 | 4.28% | | 2025-11-17 | 264.95万 | 2.65 乙 | 4.18% | | 2025-11-14 | 47.76万 | 2.62亿 | 4.15% | | 2025-11-13 | 199.22万 | 2.62亿 | 4.11% | 融券方面，当日融券卖出500.0股，融券偿还2300.0股，融券净买入1800.0股，融券余量2.78万股，近20 个交易日中有11个交易日出现融券净卖出。 融资融券余额2.68亿元，较昨日上涨0.24%。 | 交易日 | 两融余额(元) ...

Core Viewpoint - The recent surge in A-share companies planning to list in Hong Kong reflects a growing trend supported by favorable policies and the desire for international expansion [2][3][5]. Group 1: Company Listings - On November 19, Dashiang Group Co., Ltd. announced its plan to issue H-shares and list on the Hong Kong Stock Exchange, marking another addition to the 141 A-share companies that have proposed similar plans this year [1][2]. - As of November 19, 15 companies have expressed intentions to list in Hong Kong just in November alone, indicating a significant increase in interest [2]. Group 2: Policy Support - The surge in listings is attributed to supportive policies from both mainland and Hong Kong regulatory bodies, including a streamlined approval process for companies with a market capitalization of at least HKD 10 billion [2][4]. - The China Securities Regulatory Commission announced measures in April 2024 to support leading domestic companies in their Hong Kong listings, further enhancing the appeal of the market [2]. Group 3: Strategic Importance - Companies view listing in Hong Kong as a crucial step for internationalization and enhancing their global influence, with firms like Dajin Heavy Industry citing the need to solidify their global strategy and improve competitiveness [4][5]. - The characteristics of companies pursuing Hong Kong listings often include being industry leaders or possessing technological barriers, aiming to leverage international capital for expansion and risk diversification [4][5]. Group 4: Market Impact - The increase in A-share companies listing in Hong Kong is expected to enhance market quality and international competitiveness, promoting better connectivity between A-share and global markets [7]. - The influx of quality H-shares is likely to attract international capital and enhance the appeal of the Hong Kong market, reinforcing its status as an international financial center [7].

大商股份(600694.SH)于1993年11月22日在上交所上市，截至2025年11月19日午间收市，其总市值约 62.77亿元人民币。 来源：瑞恩资本 来自辽宁大连的A股上市公司大商股份(600694.SH)发布公告称，为提升公司国际化品牌形象，同时打造 多元化资本运作平台，增强公司的境外融资能力，进一步提升公司核心竞争力，公司拟在境外发行股份 （H股）并在港交所主板挂牌上市，公司董事会授权公司管理层启动本次H股上市的前期筹备工作。 大商股份指，截至目前，公司正积极与相关中介机构就本次H股上市的相关工作进行筹备、商讨，关于 本次H股上市的细节尚未确定。 大商股份，成立于1992年，母公司大商集团是国内最大的零售业集团之一，公司主营业务涵盖百货、超 市、电器连锁三大业态，门店布局涵盖11个省份50多个城市的核心商圈，拥有大型店铺150家，总建筑 面积超过400万平方米，旗下运营麦凯乐、新玛特、千盛等多个商业品牌。 更多香港上市、美国上市等境外IPO资讯可供搜索、查阅，敬请浏览: www.ryanbencapital.com | 6.71 万球友夫注 | 交易中 11-19 13:04:23 北京时间 | | ...

大商股份指，截至目前，公司正积极与相关中介机构就本次H股上市的相关工作进行筹备、商讨，关于 本次H股上市的细节尚未确定。 大商股份，成立于1992年，母公司大商集团是国内最大的零售业集团之一，公司主营业务涵盖百货、超 市、电器连锁三大业态，门店布局涵盖11个省份50多个城市的核心商圈，拥有大型店铺150家，总建筑 面积超过400万平方米，旗下运营麦凯乐、新玛特、千盛等多个商业品牌。 | | | | SCHOOL SE 176-100 (1992) 1992-1991 (1992) 1992-1992 (1992) 1992-1999 (1992) 1992-1999 (1992) 1992-1999 (1992) 1992-1999 (1992) 1992-1999 (1992) 1992-1999 (1992-1999) 1992-199 | | --- | --- | --- | --- | | 最高: 18.20 | 今开:18.09 | 涨停:19.90 | 成交量:17484手 | | 最低: 17.99 | 昨收:18.09 | 跌停:16.28 | 成交额:3160.98万 | | 量比:0.9 ...

大商股份有限公司（以下简称"公司"）于2025年11月18日召开第十二届董事会第五次会议，审议通过了 《关于授权公司管理层启动公司境外发行股份（H股）并在香港联合交易所有限公司上市相关筹备工作 的议案》。 为提升公司国际化品牌形象，同时打造多元化资本运作平台，增强公司的境外融资能力，进一步提升公 司核心竞争力，公司拟在境外发行股份（H股）并在香港联合交易所有限公司（以下简称"香港联交 所"）主板挂牌上市（以下简称"本次H股上市"），公司董事会授权公司管理层启动本次H股上市的前期 筹备工作。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易所股票上市规则》《境内企 业境外发行证券和上市管理试行办法》《香港联合交易所有限公司证券上市规则》以及中国香港法律对 在中国境内注册成立的发行人在香港发行股票并上市的有关规定等法律、法规和规范性文件的要求，待 确定本次H股上市具体方案后，本次H股上市尚需提交公司董事会和股东会审议，并需取得中国证券监 督管理委员会、香港联交所和香港证券及期货事务监察委员会等相关政府机构、监管机构备案、批准 和/或核准。 登录新浪财经APP 搜索【信披】查看更多考评等级 本公司 ...

Investment Rating - The report maintains an "Overweight" rating for the retail industry [1] Core Insights - The 2025 Double Eleven sales period saw a total e-commerce sales of approximately 1,695 billion yuan, representing a year-on-year increase of 14.2%. The comprehensive e-commerce platforms accounted for 1,619.1 billion yuan, with a year-on-year growth of 12.3% [4][9] - Instant retail showed remarkable growth, with sales reaching 67 billion yuan during the Double Eleven period, marking a year-on-year increase of 138% [10][15] - Key product categories such as digital appliances, food and beverages, furniture, and pet products experienced significant growth, with pet sales reaching 9.2 billion yuan, up 59% year-on-year [15][16] Summary by Sections Weekly Industry Viewpoint - The Double Eleven sales period was extended, contributing to steady growth in total e-commerce sales. The sales period for 2025 was from October 7 to November 11, compared to October 14 to November 11 in 2024 [9] - Instant retail emerged as a highlight, with substantial growth compared to traditional e-commerce formats [10] Weekly Market Review - From November 10 to November 16, the Shenwan retail index increased by 4.06%, while the Shanghai Composite Index decreased by 0.18% [17] - Year-to-date performance shows the Shenwan retail index up by 8.43%, compared to a 19.06% increase in the Shanghai Composite Index [17][22] Company Valuation Table - The report includes a detailed valuation table for various companies in the retail sector, with specific metrics such as market capitalization and P/E ratios [24][25]

Core Viewpoint - The company plans to enhance its international brand image and diversify its capital operation platform by issuing shares (H-shares) overseas and listing on the main board of the Hong Kong Stock Exchange [1] Group 1 - The company aims to improve its overseas financing capabilities [1] - The initiative is expected to further enhance the company's core competitiveness [1]

Core Viewpoint - The company plans to enhance its international brand image and diversify its capital operation platform by issuing shares overseas (H-shares) and listing on the Hong Kong Stock Exchange [1] Group 1 - The company aims to improve its overseas financing capabilities [1] - The initiative is expected to further enhance the company's core competitiveness [1]

每经AI快讯，11月18日，大商股份(600694.SH)公告称，公司于2025年11月18日召开董事会审议通过关 于授权管理层启动H股上市相关筹备工作的议案。公司拟通过境外发行股份（H股）并在香港联交所主 板挂牌上市，以提升国际化品牌形象，打造多元化资本运作平台，增强境外融资能力，进一步提升核心 竞争力。本次H股上市的具体方案尚未确定，需提交公司董事会和股东会审议，并需取得相关政府机 构、监管机构备案、批准和/或核准。公司将持续履行信息披露义务，并待确定具体方案后履行相关决 策流程。 （文章来源：每日经济新闻） ...

证券代码：600694 证券简称：大商股份 公告编号：2025-053 大商股份有限公司 关于授权公司管理层启动公司境外发行股份(H 股) 并在香港联合交易所有限公司上市相关筹备工作的 提示性公告 2025 年 11 月 19 日 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、准确性和完整性依法承担法律责任。 截至目前，公司正积极与相关中介机构就本次 H 股上市的相关工作进行筹 备、商讨，关于本次 H 股上市的细节尚未确定。本次 H 股上市能否通过审议、备 案和审核程序并最终实施具有重大不确定性。 公司将严格遵照《上海证券交易所股票上市规则》《境内企业境外发行证券 和上市管理试行办法》等法律法规的要求，持续履行信息披露义务，保障公司及 全体股东的利益。待确定具体方案后，公司将根据相关法律法规，履行相关决策 流程，审议本次 H 股上市的相关议案。敬请广大投资者注意投资风险。 特此公告。 大商股份有限公司董事会 大商股份有限公司（以下简称"公司"）于 2025 年 11 月 18 日召开第十二 届董事会第五次会议，审议通过了《关于授权公司管理层启动公司境外发 ...