证券代码：600694 证券简称：大商股份 编号：2025－032 大商股份有限公司 关于取消监事会并修订《公司章程》及公司治理制度的公告 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。 2025 年 8 月 4 日，大商股份有限公司（以下简称"公司"）召开第十一届 董事会第三十次会议审议通过了《关于取消监事会并修订〈公司章程〉及相关治 理制度的议案》，现将相关情况公告如下： 一、《公司章程》的修订情况 根据《中华人民共和国公司法》《上市公司章程指引》《上海证券交易所股 票上市规则》等相关法律法规及规范性文件的最新规定，公司拟对《大商股份有 限公司章程》进行以下修订： （一） 取消监事会，由董事会审计委员会行使监督的职权，同步修订《大 商股份有限公司股东会议事规则》《大商股份有限公司董事会议事规则》等相关 治理制度，废止《大商股份有限公司监事会议事规则》； （二） 在董事会中设立职工董事席位； 1 二、公司治理制度的修订、制定情况 为进一步提升公司规范运作水平，根据最新规定及修订后的《公司章程》， 公司拟对公司治理制度作 ...

证券代码：600694 证券简称：大商股份 公告编号：2025-035 大商股份有限公司 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 关于召开2025年第二次临时股东大会的通知 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： 一、 召开会议的基本情况 召开的日期时间：2025 年 8 月 20 日 9 点 30 分 召开地点：大连市中山区青三街 1 号公司总部 19 楼会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 8 月 20 日 至2025 年 8 月 20 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票 时间为股东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30， 13:00-15:00；通过互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 股东大会召开日期：2025年8月20日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络 ...

大商股份有限公司 证券代码：600694 证券简称：大商股份 编号：2025－031 1. 审议通过《关于取消公司监事会并修订〈公司章程〉及相关治理制度的议案》 表决结果：9 票同意，0 票反对，0 票弃权。 本议案尚需提交股东大会审议。 详见同日公司于上海证券交易所网站（www.sse.com.cn）披露的《大商股份 有限公司关于取消监事会并修订〈公司章程〉及相关公司治理制度的公告》（编 号 2025-032） 第十一届董事会第三十次会议决议公告 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、会议召开情况 大商股份有限公司第十一届董事会第三十次会议通知于 2025 年 7 月 30 日以 书面、电子邮件、微信等形式发出，会议于 2025 年 8 月 4 日以现场+通讯方式召 开。会议应参加董事 9 人，实际出席会议董事 9 人，监事会成员和部分高管列席 会议，会议符合《中华人民共和国公司法》及《公司章程》的有关规定。会议由 董事长陈德力先生主持。 二、会议表决情况 经过参会董事充分讨论与审议，表决涉及关联董事回避 ...

证券代码：600694 证券简称：大商股份 编号：2025－030 大商股份有限公司 关于变更签字注册会计师的公告 姓名 执业资质 是否从事过证券 服务业务 从事证券服务 业务的年限 签字注册会计师 刘其东 注册会计师 是 30 年 签字注册会计师 段晓军 注册会计师 是 31 年 三、变更后的签字注册会计师情况如下： 刘其东、段晓军不存在违反《中国注册会计师职业道德守则》对独立性要求 的情形，最近三年未受到过刑事处罚、行政处罚、行政监管措施和自律处分。符 合定期轮换的规定，无不良诚信记录。 四、本次变更签字注册会计师对公司的影响 本次变更过程中相关工作安排将有序交接，变更事项不会对公司 2025 年度 财务报表及内部控制审计工作产生影响。 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。 大商股份有限公司（以下简称"大商股份"或"公司"）第十一届董事会第 二十九次会议和 2024 年年度股东大会审议通过了《关于聘请公司 2025 年度审计 机构的议案》，公司继续聘请大华会计师事务所（特殊普通合伙）（以下简称"大 华事务所 ...

Core Viewpoint - Dashiang Co., Ltd. has announced a change in its signing registered accountants for the 2025 financial year, appointing Liu Qidong and Duan Xiaojun as the new signing accountants from the previous accountant Yao Fuxin due to a work adjustment [1][2]. Group 1: Change of Signing Registered Accountants - The company has decided to continue employing Dahua Accounting Firm for the 2025 financial and internal control audits [1]. - Liu Qidong and Duan Xiaojun will replace Yao Fuxin as the signing registered accountants for the 2025 audits [1][2]. - Liu Qidong has been a registered accountant since April 1993 and has over 30 years of experience in securities services, while Duan Xiaojun has over 31 years of experience [2]. Group 2: Impact of the Change - The transition of responsibilities during the change of signing accountants will be orderly, and it will not affect the company's 2025 financial statements and internal control audit work [3].

大商股份有限公司 关于董事会秘书变动及副董事长代行董秘职责的公告 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。 证券代码：600694 证券简称：大商股份 编号：2025－029 公司董事会近期收到副总经理兼董事会秘书范铁夫先生的书面辞职报告，其 因工作调整原因，不再担任董事会秘书一职。根据《中华人民共和国公司法》《大 商股份有限公司章程》等规定，该辞职报告自送达之日起生效。范铁夫先生将继 续履行其作为公司副总经理的职责。截至本公告发布之时，范铁夫先生并未持有 本公司股份。 范铁夫先生的辞职不会对公司的正常经营造成影响。公司将依照《上海证券 交易所股票上市规则》的相关规定，迅速启动新任董事会秘书的选聘工作。在董 事会秘书职位空缺期间，副董事长兼财务总监闫莉女士将暂时履行董事会秘书的 职责。 董事会对于范铁夫先生在担任董事会秘书期间的敬业精神及对本公司经营 发展所作出的贡献，表示由衷的感激与敬意！ 特此公告。 大商股份有限公司董事会 2025 年 6 月 18 日 ...

Core Insights - The article discusses the rapid growth of domestic duty-free shops in China's first and second-tier cities, driven by increasing cross-border travel and supportive government policies [6][7][8] - The Ministry of Commerce has issued measures to support the establishment of international consumption centers, emphasizing the importance of domestic duty-free shops in attracting both outbound travelers and foreign tourists [7][11] - The duty-free sector is expected to play a crucial role in the retail landscape, providing new growth opportunities for local businesses and enhancing the shopping experience for consumers [11][19] Industry Trends - The cross-border travel market has seen a significant increase, with a reported 621.2 million entries and exits during the recent Qingming Festival, marking a 19.7% year-on-year growth [14] - Duty-free shopping in Hainan province has also surged, with tourism revenue reaching 1.661 billion yuan, a staggering 464.7% increase compared to the previous year [14] - Analysts predict that the ongoing tariff disputes between China and the U.S. may shift consumer spending towards duty-free channels, particularly for mid-to-high-end imported goods [13] Company Developments - Several companies, including China Duty Free Group and Wushang Group, are actively expanding their presence in the domestic duty-free market, with new stores set to open in cities like Wuhan and Chengdu [8][19] - The strategic locations of these duty-free shops, often near popular tourist attractions and in central urban areas, are designed to enhance consumer accessibility and shopping experience [20][22] - Local brands are expected to leverage this opportunity to increase their visibility and market share, with a focus on integrating cultural elements into their product offerings [19][22]

Group 1: Investment Opportunities - The report recommends expanding high school education, highlighting companies such as Tianli International Holdings and Xueda Education as potential beneficiaries [2] - AI commercialization is accelerating, with applications in new hardware like AI glasses and toys, and sectors such as human resources, e-commerce, and education leading in efficiency improvements [6][11] - The report identifies undervalued stocks including Action Education, Chongqing Department Store, Da Shang Co., Chow Tai Fook, and Yum China as potential investment opportunities [2] Group 2: High School and Undergraduate Expansion - The high school education sector is expected to benefit from a demographic dividend for the next 7-8 years, with stable demand projected until around 2032-2033 [11][12] - Policy support is driving the expansion of high school education, transitioning from a split between vocational and general education to a more integrated approach [12][13] - China's high school graduation rates are gradually approaching those of developed countries, indicating significant growth potential in the education sector [18][19] Group 3: Emotional Value and New Supply in Consumption - The emotional value and experiential consumption sectors are rapidly evolving, with a focus on IP-driven products and traditional goods like gold jewelry seeing increased demand [6][53] - The report notes that gold jewelry is benefiting from rising prices and enhanced craftsmanship, leading to market expansion [53][57] - The tea and coffee sectors are undergoing product and channel innovations, with structural growth opportunities identified despite varying business models [6][74] Group 4: Technological Transformation - New technologies, particularly AI, are being applied to physical devices and are expected to enhance efficiency across various sectors [6][11] - The retail landscape is shifting from a focus on location to product selection, with new retail formats emerging to capitalize on scale economies [6][11] - Traditional retail is facing significant pressure to adapt, with a strong impetus for transformation across all formats [6][11] Group 5: Retail Channel Development - The core capabilities of retail channels are evolving from site selection to product selection, with new discount retail formats emerging [6][11] - The report highlights the rise of discount retail formats such as snack discount stores and urban outlet malls, which are achieving scale economies [6][11] - The traditional retail sector is experiencing a shift towards decentralization, with various formats adapting to changing consumer behaviors [6][11]

Core Viewpoint - The company has announced a profit distribution plan, which includes a cash dividend of 1.00 yuan per share and a bonus share distribution of 0.1 shares for every share held, approved at the 2024 annual general meeting on May 16, 2025 [3][4][5]. Distribution Plan - The total number of shares before the distribution is 316,152,571, resulting in a total cash dividend payout of 316,152,571.00 yuan [3][4]. - The relevant dates for the distribution are as follows: - Record date: June 9, 2025 - Ex-dividend date: June 10, 2025 - Payment date: June 10, 2025 [3][4]. Taxation Details - For individual shareholders holding unrestricted shares, the cash dividend is distributed without withholding tax at the time of payment, resulting in an actual cash dividend of 1.00 yuan per share [4][5]. - For shares held for less than one month, the tax rate is 20%; for shares held between one month and one year, the tax rate is 10%; and for shares held for over one year, no tax is applied [5][6]. - For qualified foreign institutional investors (QFII), a 10% withholding tax applies, leading to a net cash dividend of 0.89 yuan per share after tax [6]. Share Capital Structure - The share capital structure will change as follows: - Unrestricted shares will increase from 313,052,571 to 344,357,828 after the distribution [8]. - The diluted earnings per share for the fiscal year 2024, based on the new total share capital of 347,767,828 shares, is projected to be 1.69 yuan [8].

证券代码：600694 证券简称：大商股份 公告编号：2025-028 大商股份有限公司2024年年度权益分派实施公告 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。 重要内容提示： 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本316,152,571股为基数，向全体股东每股派发现 金红利1.00元（含税），每股派送红股0.1股，共计派发现金红利316,152,571.00元，派送红股 31,615,257股，本次分配后总股本为347,767,828股。 三、 相关日期 | | | | | 份上市日 | | | --- | --- | --- | --- | --- | --- | | 股份类别 Ａ股 | 股权登记日 2025/6/9 | 最后交易日 － | 除权（息）日 2025/6/10 | 新增无限售 条件流通股 2025/6/10 | 现金红利发 放日 ...