Group 1: Retail Industry Overview - The retail industry is focusing on three main investment themes for the second half of 2025: strong product momentum, improved operational conditions, and large comprehensive enterprises [7] - The beauty and personal care sector is showing strong performance, with a year-on-year growth of 62.51% in Q1 2025 for companies like Jinbo Biological and 28.01% for Marubi Biological [38] - The jewelry sector is witnessing a shift towards lighter and more affordable gold products, driven by younger consumers and the trend of diversification in the market [7] Group 2: Consumer Confidence and Sales Performance - In the first quarter of 2025, the total retail sales of consumer goods reached 12.47 trillion yuan, with a year-on-year increase of 3.6% [14] - The consumer confidence index showed a recovery trend in early 2025, indicating a positive outlook for retail consumption [14] - The beauty and jewelry categories experienced year-on-year retail sales growth of 5.48% and 8.06% respectively in the same period [14] Group 3: E-commerce and Offline Trends - E-commerce sales showed a mixed performance, with a total sales index of 50.6% in May 2025, reflecting a slight decline compared to previous months [23] - The offline retail market is stabilizing, with a noticeable recovery in shop rental rates, which reached 53.6% in April and May 2025 [29] - The operating space index showed fluctuations but remained stable, indicating a cautious approach to new store openings [29] Group 4: Investment Recommendations - The report recommends focusing on companies with strong product momentum and operational improvements, such as Proya, Giant Biological, and Marubi Biological [62] - The beauty sector is highlighted for its resilience and growth potential, with specific companies recommended for investment based on their strong performance metrics [62] - The medical beauty sector is also emphasized, particularly companies that are expanding their product lines and improving operational capabilities [7][63]

证券代码：600729 证券简称：重庆百货 公告编号：临 2025-028 重庆百货大楼股份有限公司 2024年年度股东大会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 6 月 17 日 (二)股东大会召开的地点：重庆市渝中区青年路 18 号 16 楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 276 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 283,697,080 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 份总数的比例（%） | 64.4069 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，董事长张文中先生主持会议。会议采取现场投 票与网络投票相结合的方式进行表决，会议表决方式符合《公司法》及《公司章 程》的规定 ...

上海中联（重庆）律师事务所 关于重庆百货大楼股份有限公司 2024 年年度股东股东大会的 法律意见书 二〇二五年六月十七日 上海 重庆 广州 贵阳 成都 昆明 天津 南昌 大连 郑州 海口 武汉 兰州 重庆办公室：重庆市渝中区华盛路 7 号企业天地 7 号楼 10、11、12 层 Tel: +86 (23)6363 1830/1/2 上海中联（重庆）律师事务所 关于重庆百货大楼股份有限公司 2024 年年度股东大会的 法律意见书 中联重办（律）字第 25pji061701 号 致：重庆百货大楼股份有限公司 上海中联（重庆）律师事务所（以下简称"本所"）接受重庆百货大楼股份 有限公司（以下简称"公司"）委托，指派律师出席公司于 2025 年 6 月 17 日召 开的 2024 年年度股东大会（以下简称"本次股东大会"或"本次会议"）。根据 《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》 （以下简称"《证券法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"） 等法律、法规和规范性文件以及《重庆百货大楼股份有限公司章程》（以下简称 "《公司章程》"）的规定，本所律师对公司本次 ...

Core Viewpoint - The company has agreed to adjust the financing interest rates for commercial factoring provided to its subsidiaries, aiming to enhance cooperation and mutual benefits among the involved parties [2][10]. Summary by Sections 1. Overview of Related Transactions - The company will unify the financing interest rates for commercial factoring to Chongqing Yudu Hotel, Hengsheng Assets, and Kange Leasing at an annual rate of 4% [4][12]. - The previous rates were 5% for Yudu Hotel and Kange Leasing, and 6% for Hengsheng Assets [3][10]. 2. Financial Context - The People's Bank of China has been continuously lowering the LPR loan rates, with the one-year LPR now at 3.0% [2][10]. - The total amount of related transactions with Yudu Hotel, Hengsheng Assets, and Kange Leasing over the past 12 months was 168.29 million yuan, including a factoring balance of 160 million yuan and interest income of 8.29 million yuan [3][4]. 3. Approval Process - The board of directors, excluding related directors, unanimously approved the adjustment of financing rates, with 7 votes in favor and no opposition [3][13]. - Independent directors also expressed their agreement, stating that the transaction adheres to fair and reasonable principles and does not harm the interests of the company or its shareholders [13]. 4. Impact on the Company - The adjustment of financing rates is expected to enhance business stability and ensure a steady rental income for the factoring business, aligning with the company's operational needs [12][13]. - The company maintains its independence and operational integrity, with no adverse effects anticipated from this related transaction [12][13].

Group 1 - The board of directors of Chongqing Department Store Co., Ltd. held its 15th meeting of the 8th session on June 4, 2025, with all 11 directors participating and the meeting procedures complying with relevant laws and regulations [1] - The board approved a proposal to adjust the delivery pricing for its subsidiary, Chongqing Shanshe New Century Department Store Co., Ltd., reducing the delivery fee from a fixed price of 7.25 yuan per order to a tiered pricing structure ranging from 6.3 yuan to 7.05 yuan per order [1][2] - The board also approved a proposal to adjust the financing interest rates for commercial factoring, lowering the rate to 4% per annum for key clients including Chongqing Yudu Hotel Co., Ltd., Chongqing Hengsheng Asset Management Co., Ltd., and Chongqing Kange Rental Co., Ltd. [2][3] Group 2 - The chairman of the board, Mr. Zhang Wenzhong, recused himself from voting on the delivery pricing adjustment due to being an associated director, with the voting results showing 10 in favor, 0 against, and 1 abstention [2] - For the commercial factoring financing rate adjustment, 7 votes were in favor, 0 against, and 4 directors recused themselves from voting [3] - The board unanimously approved the differentiated performance assessment distribution plan for the leadership in 2025, with all 11 votes in favor [3]

证券代码：600729 证券简称：重庆百货 公告编号：临 2025-027 重庆百货大楼股份有限公司 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、关联交易概述 2025 年 3 月 28 日，公司第八届十一次董事会审议通过了《关于重庆重百商 业保理有限公司向重庆渝都酒店有限责任公司提供商业保理融资的关联交易议 1 / 8 交易简要内容：重庆百货大楼股份有限公司（以下简称"公司"）同意 下属控股子公司重庆重百商业保理有限公司（以下简称"重百保理"） 将重庆渝都酒店有限责任公司（以下简称"渝都酒店"）、重庆恒升资 产经营管理有限公司（以下简称"恒升资产"）、重庆康格房屋租赁有 限公司（以下简称"康格租赁"）3 家公司商业保理预付款融资的融资 利率统一调整至年利率 4%。 根据《上海证券交易所股票上市规则》6.3.3 条第三款规定，渝都酒店、 恒升资产、康格租赁为公司关联法人，本次交易构成关联交易。 本次交易未构成重大资产重组。 过去 12 个月，公司与渝都酒店、恒升资产、康格房屋涉及关联交易总金 额为 16 ...

重要内容提示： 一、关联交易概述 证券代码：600729 证券简称：重庆百货 公告编号：临 2025-026 重庆百货大楼股份有限公司 关于控股子公司调整配送单价暨关联交易的公告 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法律责任。 2025 年 4 月 17 日，公司第八届十二次董事会审议通过了《关于预计 2025 年日常关联交易的议案》，预计了公司 2025 年度日常关联交易情况，其中，预 计超市事业部与多点科技产生智能到家服务费用不超过 3,500 万元。具体内容 详见《关于预计 2025 年日常关联交易的公告》（公告编号：临 2025-017）。 交易简要内容：重庆百货大楼股份有限公司（以下简称"公司"）下属控 股子公司重庆商社新世纪百货连锁经营有限公司（以下简称"超市事业 部"）已与多点（深圳）数字科技有限公司（以下简称"多点科技"）开 展线上 020 订单配送到家服务。根据当前市场运价情况，公司与多点科技 协商决定下调配送费价格，由原 7.25 元/单固定价格调整为（6.3 元/单- 7.05 元/单）阶梯价格。 根据《 ...

证券代码：600729 证券简称：重庆百货 公告编号：临 2025-025 重庆百货大楼股份有限公司 第八届十五次董事会决议公告 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法律责任。 一、董事会会议召开情况 重庆百货大楼股份有限公司(以下简称"公司")于 2025 年 6 月 4 日以电子 邮件方式向全体董事发出召开第八届十五次董事会会议通知和会议材料，会议于 2025 年 6 月 12 日以通讯表决方式召开。本次会议由公司董事长张文中先生召集 并主持，公司 11 名董事全部发表意见。本次会议的召集、召开和表决程序符合 有关法律、法规和《重庆百货大楼股份有限公司章程》的规定，会议形成的决议 合法有效。 二、董事会会议审议情况 （一）审议通过《关于控股子公司调整配送单价暨关联交易的议案》 公司下属控股子公司重庆商社新世纪百货连锁经营有限公司已与多点（深圳） 数字科技有限公司（以下简称"多点科技"）开展线上 020 订单配送到家服务。 根据当前市场运价情况，公司与多点科技协商决定下调配送费价格，由原 7.25 元/单固定价格调整为（6. ...

重庆百货大楼股份有限公司 重庆百货大楼股份有限公司（以下简称"公司"）《2024 年年度报告及摘要》 已于 2025 年 4 月 19 日刊登于《上海证券报》和《证券时报》，并在上海证券交易 所网站（www.sse.com.cn）进行了公告，现将公告内容提交本次会议审议。 请予审议。 重庆百货大楼股份有限公司 2025 年 6 月 11 日 2 2024 年年度股东大会会议材料 1 2024 年年度股东大会议案（一） 重庆百货大楼股份有限公司 2024 年年度报告及摘要 各位股东： 2024 年年度股东大会议案（二） 重庆百货大楼股份有限公司 2024 年度董事会工作报告 各位股东： 2024 年，国内经济总体回暖向好，国家出台一系列刺激消费的政策措施，为 促进消费创造了良好条件，但受经济增速放缓、消费市场低迷、行业变革加剧等 多方面影响，零售企业经营发展承压。面对复杂多变的市场环境，公司在挑战中 抓转型、求突破，以"增长、效率"为主线，持续"两个系统性"建设，提升商 品力，打造新场景，推动业态融合，聚焦降本增效，公司全年业绩总体保持稳定。 2024 年，公司实现营业收入 171.39 亿元，同比下降 9.7 ...

Core Viewpoint - The company is facing challenges in the retail sector due to economic slowdown, market decline, and industry transformation, but it aims to achieve stability and growth through transformation and efficiency improvements [1][2]. Group 1: Business Performance - The company achieved a total revenue of 13.15 billion yuan, a year-on-year increase of 0.46%, with earnings per share of 3.00 yuan, up 0.33% [1][16]. - The net asset return rate remained stable, reflecting the company's focus on maintaining operational quality amidst market challenges [1]. Group 2: Product and Supply Chain Strategy - The company emphasized enhancing product competitiveness by optimizing the supply chain and transforming business models, leading to significant growth in self-owned brands, with sales increasing over 50% [2]. - The company has successfully integrated its supply chain for the outlet model, resulting in strong customer traffic and sales trends [1][2]. Group 3: Store and Scene Development - The company accelerated the transformation of its physical stores, achieving a 26.4% adjustment rate in store formats and adding 33,700 square meters of non-purchase space [2]. - The company explored various store models, including fresh + discount and quality supermarkets, resulting in double-digit growth in multiple operational metrics [2]. Group 4: Multi-Channel Development - The company expanded its online sales to 2.415 billion yuan, with membership numbers surpassing 25 million [3]. - B-end business sales reached 2.08 billion yuan, reflecting a year-on-year growth of 20.1% [3]. Group 5: Cost Reduction and Efficiency Improvement - The company achieved a total of 2.4 billion yuan in cost reductions through various measures, including labor cost management and procurement optimization [4]. - The company implemented organizational optimization and introduced various incentive mechanisms to enhance employee engagement and performance [4]. Group 6: Corporate Governance - The company completed the restructuring of its board and management, enhancing governance and operational efficiency [5]. - The company established a risk management system to effectively mitigate operational risks [5][10]. Group 7: Financial Overview - The company's total assets reached 197.41 billion yuan, with current assets increasing by 5.91% to 79.41 billion yuan [14][15]. - The company reported a net profit attributable to shareholders of 6.107 billion yuan, with a proposed cash dividend distribution based on a total share capital of 440.48 million shares [18].