Financial Performance - The company's operating revenue for the third quarter was ¥108,271,484.42, a decrease of 21.27% compared to the same period last year[4]. - The total profit for the quarter was ¥14,733,913.13, representing a significant increase of 358.53% year-on-year[4]. - The net profit attributable to shareholders was ¥13,673,910.35, an increase of 325.54% compared to the same period last year[4]. - The basic and diluted earnings per share for the quarter were both ¥0.0251, reflecting a 325.42% increase year-on-year[5]. - Total operating revenue for the first three quarters of 2025 was CNY 388.77 million, a decrease of 8.5% compared to CNY 424.68 million in the same period of 2024[17]. - Net profit for the first three quarters of 2025 was CNY 290,613.14, a significant decline from CNY 5,632,092.69 in 2024, representing a decrease of approximately 94.8%[18]. - Total profit for the period was CNY 15,205,074.00, up from CNY 13,423,945.30 in the previous year, representing a growth of 13.3%[30]. - Net profit for the first three quarters of 2025 was CNY 13,224,823.65, slightly down from CNY 13,316,331.15 in 2024, a decrease of 0.7%[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,369,427,259.85, a decrease of 1.27% from the previous year[5]. - As of September 30, 2025, total assets amounted to CNY 1,369,427,259.85, a slight decrease from CNY 1,387,062,254.39 on December 31, 2024[13]. - Total liabilities increased to CNY 1,035,280,784.15 from CNY 1,086,507,949.17, indicating a decrease of about 4.7%[14]. - Total liabilities decreased to CNY 572.43 million in 2025 from CNY 590.35 million in 2024, reflecting a reduction of approximately 3.0%[15]. - The total assets of the company were 1,713,403,531.67 RMB, down from 1,841,280,989.97 RMB[25]. - The company's long-term borrowings decreased to 42,490,000.00 RMB from 45,044,109.59 RMB[25]. Cash Flow - The cash flow from operating activities for the year-to-date period was negative at -¥3,417,642.09, indicating a decrease in cash outflows compared to the previous year[5]. - The company reported a net cash outflow from operating activities of CNY -3.42 million for the first three quarters of 2025, compared to CNY -29.69 million in 2024[21]. - The company's net cash flow from investing activities was 11,249,927.21 RMB, a decrease from -30,101,327.10 RMB in the previous period[22]. - Net cash flow from operating activities was -CNY 3,940,074.03, an improvement from -CNY 29,534,199.35 year-over-year[31]. - Investment activities generated a net cash flow of CNY 11,234,208.06, a significant improvement from -CNY 18,779,861.38 in the previous year[31]. - The company reported a net cash outflow from financing activities of -9,462,371.44 RMB, compared to -3,239,718.61 in the previous period[22]. Shareholder Information - The company had a total of 28,921 common shareholders at the end of the reporting period[10]. - The company has not reported any changes in major shareholders or significant actions regarding share lending[12]. Operational Highlights - The company recognized a gain from the disposal of non-current assets amounting to ¥31,790,856.53 due to the recovery of state-owned land use rights[7]. - There are no other important reminders regarding the company's operational situation during the reporting period[12]. - The company incurred total operating expenses of CNY 647.23 million, a decrease of 11.5% from CNY 731.15 million in 2024[21]. - Cash received from sales of goods and services was CNY 641.87 million, down 8.2% from CNY 699.19 million in the previous year[21]. - The company reported a decrease in sales expenses to CNY 32,614,590.56 from CNY 27,600,096.02, reflecting a rise of 18.5%[30]. - The company’s interest expenses decreased to CNY 5,917,484.12 from CNY 6,762,964.84, a reduction of 12.5%[30].

Core Viewpoint - Nanning Department Store's stock price has shown fluctuations, with a recent increase of 2.28% and a total market capitalization of 3.911 billion yuan, indicating potential investor interest and market activity [1]. Financial Performance - For the first half of 2025, Nanning Department Store reported operating revenue of 280 million yuan, a year-on-year decrease of 2.32%, and a net profit attributable to shareholders of -13.383 million yuan, a decline of 653.31% compared to the previous period [2]. - Year-to-date, the stock price has decreased by 0.69%, but it has increased by 3.31% over the last five trading days and by 16.56% over the last 60 days [1]. Shareholder Information - As of June 30, the number of shareholders for Nanning Department Store was 34,100, a decrease of 1.24% from the previous period, while the average circulating shares per person increased by 1.25% to 15,818 shares [2]. Business Segmentation - The company's main business revenue composition includes: department store operations (including home appliances and group purchases) at 72.63%, rental and promotional service fees at 11.63%, supermarket operations at 8.93%, automotive operations at 6.74%, and e-commerce (including cross-border experience stores) at 0.07% [1]. Dividend Information - Since its A-share listing, Nanning Department Store has distributed a total of 132 million yuan in dividends, with no dividends paid in the last three years [3].

Core Viewpoint - The retail sector in the A-share market has seen significant gains, with several companies experiencing notable increases in stock prices, indicating positive market sentiment and potential investment opportunities [1][2]. Group 1: Stock Performance - Nanning Department Store (南宁百货) increased by 6.61%, with a total market capitalization of 3.867 billion [2]. - Supply and Marketing Group (供销大集) rose by 6.20%, with a market cap of 49.5 billion [2]. - Sanjiang Shopping (三江购物) saw a 5.02% increase, with a market value of 9.174 billion [2]. - Guofang Group (国芳集团) grew by 4.42%, with a market capitalization of 8.032 billion [2]. - Yonghui Supermarket (永辉超市) increased by 4.34%, with a total market cap of 45.8 billion [2]. - Antarctic E-commerce (南极电商) rose by 4.08%, with a market value of 8.764 billion [2]. - Beijing Human Resources (北京人力) increased by 3.92%, with a market cap of 1.13 billion [2]. - Huijia Times (汇嘉时代) saw a 3.58% increase, with a market value of 5.311 billion [2]. Group 2: Year-to-Date Performance - Sanjiang Shopping has a year-to-date increase of 56.80% [2]. - Guofang Group has shown a remarkable year-to-date increase of 106.64% [2]. - Other companies like Supply and Marketing Group and Yonghui Supermarket have experienced declines of 20.58% and 20.35% respectively year-to-date [2].

Core Insights - The duty-free shop concept index rose by 0.76%, ranking 10th among concept sectors, with 22 stocks increasing in value, led by Bubu Gao, Hainan Development, and Caesar Travel, which rose by 3.31%, 2.52%, and 2.42% respectively [1] - The duty-free shop sector experienced a net outflow of 2.3966 million yuan in capital, with 14 stocks seeing net inflows, and 6 stocks receiving over 10 million yuan in net inflows, led by Tibet Summit with 36.3033 million yuan [2][3] - The leading stocks in terms of net inflow ratio included Wushang Group, Zhu Mian Group, and Caesar Travel, with net inflow ratios of 6.42%, 6.22%, and 5.90% respectively [3] Sector Performance - The duty-free shop sector's performance was notable, with a total of 22 stocks increasing, while the top gainers included Bubu Gao, Hainan Development, and Caesar Travel [1] - The overall market saw various concept sectors with differing performances, such as the cultivated diamond sector rising by 3.74% and the national big fund holding sector declining by 5.47% [2] - The duty-free shop sector's net capital outflow indicates a mixed sentiment among investors, despite some individual stocks performing well [2][3] Stock Specifics - Key stocks in the duty-free shop sector included Tibet Summit, Caesar Travel, and Bubu Gao, which had significant net inflows of capital [2][3] - The stock performance varied, with some stocks like Nanning Department Store and ST Huayang experiencing declines of 1.91% and 1.41% respectively [1][4] - The trading volume and turnover rates for leading stocks in the duty-free sector were also highlighted, with Tibet Summit showing a turnover rate of 9.33% [3]

证券代码：600712 证券简称：南宁百货 公告编号：临 2025-053 南宁百货大楼股份有限公司 关于全资子公司变更名称及经营范围等信息 暨完成工商变更登记的公告 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。 近日，南宁百货大楼股份有限公司（以下简称：公司）全资子公司南宁 鲜品堂电子商务有限公司因经营发展需要，对其公司名称、经营范围等信息 进行了变更，相关工商变更登记手续已经办理完毕，并取得换发后的《营业 执照》。变更后的具体登记信息如下： 1.公司名称：南宁鲜品堂科技有限公司 2 3.法定代表人：梁思才 4.注册资本：100万元 5.成立日期：2015年10月10日 6.住所：南宁市青秀区民族大道98-3号金湖广场北广场G-002号 7.经营范围：一般项目：技术服务、技术开发、技术咨询、技术交流、 技术转让、技术推广；信息咨询服务（不含许可类信息咨询服务）；信息技 术咨询服务；婴幼儿配方乳粉及其他婴幼儿配方食品销售；农副产品销售； 互联网销售（除销售需要许可的商品）；初级农产品收购；服装服饰零售； 劳动保护用品销 ...

Core Viewpoint - The company has completed the handover of a state-owned land use right in Qinzhou, with a compensation amount of 39.4 million yuan from the local government for the land recovery [2][4]. Summary by Sections Overview of the Situation - The company held board and shareholder meetings in August and September 2025, approving the government's recovery of the land use right for 26,862.91 square meters in Qinzhou at a compensation price of 39.4 million yuan [4][5]. - The company has signed the "State-owned Land Use Right Recovery Agreement" with the Qinzhou Natural Resources Bureau [5]. Progress Update - The company has completed the demolition and clearance of structures on the Qinzhou land, achieving "clean land" status and has delivered it to the Qinzhou Natural Resources Bureau [6]. Transaction Nature - The land recovery does not constitute a related party transaction or a major asset restructuring [3][7].

证券代码：600712 证券简称：南宁百货 公告编号：临 2025-052 南宁百货大楼股份有限公司 关于政府收回公司部分国有建设用地使用权 的进展公告 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。 公司已完成该地块地上建（构）筑物及附着物的拆除及清除工 作，达到"净地"条件并交付钦州市自然资源局。 本次国有建设用地使用权收回事项不构成关联交易，亦不构成 重大资产重组。 截至本公告披露日，公司尚未收到补偿款，敬请投资者注意投 资风险。 关于公司部分国有建设用地使用权的交付事宜，公司已于近 日完成钦州地块交付手续。现将有关情况公告如下： 1 一、情况概述 公司于 2025 年 8 月 22 日召开第九届董事会 2025 年第五次临时会 议，以及 2025 年 9 月 10 日召开 2025 年第三次临时股东会，审议通过 了《关于钦州市人民政府拟收回公司部分国有建设用地使用权的议 案》，同意公司以 3,940 万元作为钦州市人民政府收回钦州地块使用 权的补偿价格，并授权公司经营层与钦州市自然资源局等相关单位签 订《国有建设 ...

Core Points - The company announced a change in its subsidiary's name and business scope due to operational development needs [1] - The relevant business registration changes have been completed, and a new business license has been issued [1]

证券代码：600712 证券简称：南宁百货 公告编号：临 2025-051 南宁百货大楼股份有限公司 关于全资子公司变更名称及经营范围等信息 暨完成工商变更登记的公告 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。 近日，南宁百货大楼股份有限公司（以下简称：公司）全资子公司广西 南百超市有限公司因经营发展需要，对其公司名称、经营范围等信息进行了 变更，相关工商变更登记手续已经办理完毕，并取得换发后的《营业执照》。 变更后的具体登记信息如下： 7.经营范围：一般项目：货物进出口；技术进出口；食品销售（仅销售 预包装食品）；卫生用品与一次性使用医疗用品销售；农副产品销售；玩具 销售；母婴用品销售；针纺织品销售；日用百货销售；服装服饰零售；鞋帽 零售；文具用品零售；体育用品及器材零售；照相机及器材销售；眼镜销售 （不含隐形眼镜）；钟表销售；珠宝首饰零售；五金产品零售；家用电器销 售；通信设备销售；计算机软硬件及辅助设备零售；皮革制品销售；化妆品 1 1.公司名称：广西南百供应链管理有限公司 2.统一社会信用代码：9145010 ...

Core Viewpoint - The long-standing legal battle involving Nanning Department Store has concluded with the final ruling from the Nanning Intermediate People's Court, which upheld the lower court's decision, denying the company's appeal and confirming that it cannot recover over 90 million yuan in claims related to seafood trade disputes [2][9][10]. Group 1: Legal Proceedings - Nanning Department Store filed lawsuits against nine companies, including Zhanjiang Manxian Seafood Co., Ltd. and Zhanjiang Xujun Seafood Co., Ltd., claiming a total of approximately 92.19 million yuan in damages due to unpaid seafood trade debts [6][9]. - The legal disputes began in August 2018 and have spanned seven years, with previous court rulings indicating insufficient evidence for the company's claims [6][7]. - The final ruling determined that the facts were clear and the law was correctly applied, leading to the rejection of Nanning Department Store's appeal [10][14]. Group 2: Financial Implications - The company had previously fully provisioned for bad debts related to the disputed seafood trade, amounting to approximately 76 million yuan and corresponding penalties, which will not be recoverable following the court's decision [8][10]. - Nanning Department Store's financial report for the first half of 2025 indicated a revenue of 280 million yuan, a decrease of 2.32% year-on-year, and a net loss attributable to shareholders of approximately 13.38 million yuan, marking a shift from profit to loss [13][11]. - The company has faced continuous losses in net profit, with the net profit excluding non-recurring gains and losses showing a loss of approximately 21.21 million yuan, indicating ongoing financial challenges [11][13]. Group 3: Business Operations and Compliance - The seafood trade disputes were linked to 30 transactions identified by the Guangxi Securities Regulatory Bureau as not involving real goods, which included the companies involved in the lawsuits [7][16]. - Nanning Department Store has acknowledged the existence of contractual relationships with the upstream suppliers but claimed that these suppliers failed to deliver the goods as per the agreements [16]. - The company has stated that it has completed rectifications in accordance with regulatory guidance regarding the identified issues in its seafood trading operations [16].