| 姓名 | 离任 职务 | 离任 时间 | 原定任期 到期日 | 离任 原因 | 是否继续在上 市公司及其控 | 具体职 务（如适 | 是否存在未 履行完毕的 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 股子公司任职 | 用） | 公开承诺 | | 陈德力 | 董事长 | 2025 年 10 | 2028年8月 | 个人 | 否 | 不适用 | 否 | | | 兼 CEO | 月 10 日 | 19 日 | 原因 | | | | 一、提前离任的基本情况 二、离任对公司的影响 根据《中华人民共和国公司法》（以下简称"《公司法》"）《大商股份有限公 司章程》（以下简称"《公司章程》"）的有关规定，陈德力先生的辞职未导致公司 董事会成员低于法定最低人数，其辞职报告自送达公司董事会之日起生效，不会 影响公司董事会正常运作。陈德力先生将按照相关规定做好交接工作，其不存在 未履行完毕的公开承诺。公司及公司董事会对陈德力先生在任职期间所做出的贡 献表示衷心的感谢！ 证券代码：600694 证券简称：大商股份 公告编号：2025-041 大 ...

Core Viewpoint - Dashiang Co., Ltd. announced the resignation of Chen Deli as Chairman and CEO due to personal reasons, indicating a significant leadership change within the company [1] Group 1 - Chen Deli has applied to resign from all positions including Chairman, CEO, and roles within the board's professional committees [1] - Following this resignation, Chen Deli will not hold any other positions within the company [1]

大商股份10月10日公告，公司近日收到陈德力的书面报告，陈德力因个人原因无法继续履职，申请不再 担任公司董事长、CEO等职务，辞职后将不再担任公司任何职务，辞职报告自送达公司董事会之日起生 效。为确保公司治理的连续性和日常运营的稳定，由副董事长闫莉临时履行董事长职责，全面负责董事 会事务；总经理庞华临时履行CEO 职责，主持公司经营管理活动。 ...

Group 1: Report Overview - Report on DASHANG Co., Ltd., in the commercial department store industry, with a research date of September 12, 2025 [17] Group 2: Core Viewpoints - The company uses idle funds to buy low - risk financial products to improve capital efficiency and increase overall returns [24] - Different stores adopt a differentiated development strategy to meet diverse consumer needs and avoid homogeneous competition [25][26] - The company will actively dispose of assets, revitalize funds, and optimize the asset structure [26] - The company attaches great importance to shareholder returns and will plan dividends reasonably according to actual operations [24][27] - The company will take multiple measures to boost the stock price, including business improvement, investor communication, and corporate governance optimization [27][28] - The company has regional and profit - quality advantages but lags behind in e - commerce and new formats, and is accelerating digital transformation [28] - The company maintains a high gross profit margin through commodity structure optimization and will continue to optimize in the future [29] - Strategic cooperation with leading brands is expected to boost sales and profits [29] - The company is implementing a regional market strategy and exploring new business models [30] - The company has specific plans for format upgrading in different business sectors [30] - The company is controlling costs through various means and has further optimization space [32] Group 3: Detailed Information by Category 1. Research Basic Situation - Research object: DASHANG Co., Ltd. - Industry: Commercial department store - Reception time: September 12, 2025 - Reception personnel: Chairman and CEO Chen Deli, Vice - Chairman and Financial Officer Yan Li, Board Secretary Yao Lei, Independent Director Li Yanxi [17] 2. Detailed Research Institutions - Reception objects: Investors and others [20] 3. Main Content Data Investor Questions and Company Responses - **Question 1**: Regarding the large amount of monetary funds (4.519 billion in the mid - year report), the company uses idle funds to buy low - risk financial products and will plan dividends reasonably [24] - **Question 2**: Why not operate the same food business in Xinmart and Maison Mode? Different stores have different positioning and format planning to avoid homogeneous competition [25][26] - **Question 3**: The status of Yantai Urban Park: The north area has been completed and sold, and the south area's foundation pit construction is finished. The company will dispose of assets and revitalize funds [26] - **Question 4**: Dividend plan: The company completed the 2024 dividend in June, with a cash dividend of 3.16 billion yuan and a cash - dividend ratio of 53.93%. It will plan dividends reasonably in the future [26][27] - **Question 5**: Stock - price boosting plan: The company will improve business operations, strengthen investor communication, and optimize corporate governance [27][28] - **Question 6**: Advantages and gaps compared with peers: Advantages in regional layout and profit quality; gaps in e - commerce and new formats, and is accelerating transformation [28] - **Question 7**: Maintaining high gross profit margin: Through optimizing the commodity structure, and will continue to optimize in the future [29] - **Question 8**: Strategic cooperation with leading brands: Will be implemented through new stores, store upgrades, and joint marketing, and is expected to boost performance [29] - **Question 9**: New market and business layout: Implement a regional strategy and explore new business models [30] - **Question 10**: Format - upgrading plan: Specific plans for department stores, supermarkets, and electrical appliance chains [30] - **Question 11**: The status of Dalian Donggang Urban Park: It is in the government's regulatory adjustment stage [31] - **Question 12**: Cost - control measures: Control costs through fine management, marketing planning, and digital systems, and has further optimization space [32]

Core Viewpoint - Dashiang Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, while maintaining a high gross margin through strategic product optimization and cost control [1][2][3] Group 1: Financial Performance - In the first half of 2025, Dashiang achieved a revenue of 3.416 billion yuan, a year-on-year decrease of 6.89% [1] - The net profit for the same period was 423 million yuan, down 12.24% year-on-year [1] - The net profit attributable to the parent company, excluding non-recurring gains and losses, was 355 million yuan, a decline of 7.21% year-on-year [1] Group 2: Strategic Initiatives - The company plans to upgrade and adjust store layouts to strengthen operations in Northeast and North China [2] - Dashiang will implement digital systems to enhance decision-making efficiency by analyzing sales, gross profit, and membership data [2] - The company aims to improve operational efficiency by breaking down costs and enhancing the shopping environment [2] Group 3: Market Position and Competitive Advantage - Dashiang's competitive edge lies in its deep regional penetration, particularly in Northeast China, with a mature membership system and high member sales ratio [3] - The company recognizes the need to catch up with competitors in e-commerce and new business formats, accelerating its digital transformation and exploring new business opportunities [3] - Dashiang is pursuing a strategy of deepening its presence in Northeast China while exploring opportunities in Central China and selectively expanding southward [3]

Core Viewpoint - Dashiang Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, while maintaining a high gross margin through strategic product optimization and cost control [1][2]. Group 1: Financial Performance - In the first half of 2025, Dashiang Co., Ltd. achieved operating revenue of 3.416 billion yuan, a year-on-year decrease of 6.89% [1]. - The net profit for the same period was 423 million yuan, down 12.24% year-on-year [1]. - The net profit attributable to the parent company, after deducting non-recurring gains and losses, was 355 million yuan, a decline of 7.21% year-on-year [1]. Group 2: Business Strategy and Operations - The company plans to enhance its operational capabilities in Northeast and North China through store upgrades and digital systems to improve decision-making efficiency [2]. - Dashiang Co., Ltd. aims to optimize its product structure by increasing the sales proportion of high-margin categories such as outdoor and jewelry products, which helped mitigate the impact of revenue decline [2]. - The company is focusing on deepening its market presence in Northeast China while exploring new business opportunities, including the establishment of flagship stores and smart experience centers [3]. Group 3: Competitive Advantages and Market Position - Dashiang Co., Ltd. holds a competitive advantage in regional depth, with a mature membership system and high membership sales proportion [3]. - The company recognizes the need to accelerate its digital transformation and explore new business formats to keep pace with competitors in e-commerce and emerging sectors [3]. - The strategy includes expanding the sales scale of its online platform, Tiangou.com, and enhancing the integration of online and offline operations [3].

Core Viewpoint - Dashiang Co., Ltd. (stock code: 600694) announced plans to hold a semi-annual performance briefing on September 12, 2025 [1] Company Summary - The company is preparing for a performance explanation meeting scheduled for September 12, 2025 [1]

Group 1 - The company will hold a half-year performance briefing on September 12, 2025, from 09:00 to 10:00 AM [1][2] - The briefing will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [2][3] - Key personnel attending the briefing include the Chairman and CEO, the Vice Chairman and CFO, the Secretary of the Board, and an Independent Director [2] Group 2 - Investors can submit questions for the briefing from September 5 to September 11, 2025, by logging into the Shanghai Stock Exchange Roadshow Center or via the company's email [3] - After the briefing, investors can access the main content and details of the event through the Shanghai Stock Exchange Roadshow Center [3]

证券代码：600694 证券简称：大商股份 公告编号：2025-040 大商股份有限公司 重要内容提示： 大商股份有限公司（以下简称"公司"）已于 2025 年 8 月 27 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成 果、财务状况，公司计划于 2025 年 9 月 12 日 上午 09:00-10:00 举行 2025 年 半年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2025 年 9 月 12 日 上午 09:00-10:00 会议召开时间：2025 年 9 月 12 日（星期五） 上午 09:00-10:00 会议召开地点：上海证券交易所上证路演中心 （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 9 月 5 日（ ...

Group 1 - The "national team" has appeared in the shareholder lists of over 190 listed companies, with a total market value exceeding 100 billion yuan as of August 29 [2] - Key sectors for the "national team" include finance, real estate, energy, materials, and pharmaceuticals, indicating a significant adjustment in the holding structure within these sectors [2] - Central Huijin has newly invested in Dalian Dashang Group, while the China Securities Finance Corporation (CSF) has reduced its holdings in several companies including Greenland Holdings and Haier [3][5] Group 2 - The top four holdings of Central Huijin, each exceeding 10 billion yuan in market value, are CITIC Securities, New China Life Insurance, Ping An Insurance, and Kweichow Moutai [3] - CSF's major reductions include approximately 46.81 million shares in Greenland Holdings and 30.37 million shares in Jinyu Group [5][6] - The Social Security Fund has significantly increased its holdings in companies such as Sanan Optoelectronics and China Life Insurance, with increases of 80.01 million shares and 52.12 million shares respectively [7] Group 3 - The "national team" typically selects companies with stable fundamentals and reasonable valuations, providing a reference for ordinary investors to identify long-term investment opportunities [4] - The actions of the "national team" can signal policy intentions, such as increasing holdings during market lows to convey stability [4][8] - Understanding the "national team's" holdings can help investors capture long-term investment themes driven by macro policies like industrial upgrades and financial reforms [8]