重庆百货大楼股份有限公司 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： 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 ...

Investment Rating - The report maintains an "Overweight" rating for the education sector and highlights potential opportunities in the new consumption market [1]. Core Insights - The report emphasizes the importance of high school education reform and recommends specific companies such as Tianli International Holdings and Xueda Education, while also suggesting attention to Kevin Education [5]. - It identifies key trends in AI and consumption, recommending companies like Connet Optical, Small Commodity City, and Core International [5]. - The report notes a strong performance in the retail sector during the 618 sales event, with significant growth in categories like apparel and beauty products [5]. - The report highlights the increasing trend of family-oriented travel during the Dragon Boat Festival, with nearly 90% of the top 50 scenic spots being family-friendly [5][6]. Industry Updates - The social service industry saw a 2.5% year-on-year increase in cross-regional personnel flow during the Dragon Boat Festival, with a total of 65.37 million people traveling [5]. - E-commerce platforms like Alibaba and JD.com reported over 30% growth in apparel and beauty categories during the 618 sales event [5]. - The report mentions the opening of the 100th store under the "Fat Donglai" model by Yonghui Supermarket, indicating a significant expansion in the retail sector [5]. Company Announcements - Three Gorges Tourism Group appointed a new general manager on June 3, 2025 [5]. - Guangzhou Restaurant announced a share buyback of 500,000 shares, representing 0.088% of its total share capital [5]. - China Youth Travel Service transferred 17.37% of its shares to its parent company, Everbright Group, without compensation [5].

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]

证券代码：600729 证券简称：重庆百货 公告编号：临 2025-024 重庆百货大楼股份有限公司 关于召开 2024 年度业绩说明会的公告 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。 重要内容提示： 投资者可于 2025 年 6 月 4 日 （星期三） 至 6 月 10 日 （星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 （cbdsh@e-cbest.com）进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 重庆百货大楼股份有限公司（以下简称"公司"）已于 2025 年 4 月 19 日发 布公司 2024 年度报告，为便于广大投资者更全面深入地了解公司 2024 年度经营 成果、财务状况，公司计划于 2025 年 6 月 11 日（星期三）上午 9:30-11:30 举 行 2024 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视频结合网络互动召开，公司将针对 2024 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 ...

Investment Rating - Industry rating: Recommended [4] Core Insights - The report highlights a robust growth in visitor numbers during the Dragon Boat Festival, with a projected total of 6.87 billion trips, reflecting a year-on-year increase of 3.0% [1][18] - The demand for family-oriented travel has surged, particularly for short-distance self-driving trips and parent-child tours, with bookings for parent-child group tours increasing by 80% year-on-year [1][2] - The launch of new products by Lao Pu Gold, such as the Seven Sons Gourd, is expected to drive high demand in the fashion gold jewelry sector, despite a tightening overall consumption environment [2] Summary by Sections 1. Market Review - The consumer service index and retail index outperformed the CSI 300 index, with significant gains in the jewelry and watch sector [11] - The report notes a 5.1% year-on-year increase in total retail sales in April, with jewelry sales growing by 25.3% [36][50] 2. Industry & Company Dynamics - The report discusses the increase in domestic tourism, with various regions reporting significant visitor numbers during the holiday period [18][19] - Lao Pu Gold's new product launch is positioned to capture the growing trend in fashion jewelry, appealing to consumer sentiment and aesthetic preferences [2][3] 3. Macro & Industry Data - April's retail sales data indicates a stable growth trajectory, with online retail sales showing a 5.8% year-on-year increase [37] - The report provides insights into the gold jewelry market, noting a decline in overall gold consumption but an increase in gold bars and coins [52][55] 4. Investment Recommendations - The report suggests five investment themes, including the revival of traditional retail formats, the rise of AI technology applications, and the potential for new retail sectors to outperform expectations [59][61]

Investment Rating - The report assigns a "Buy" rating for the company, marking the first coverage of the stock [1][7]. Core Insights - The company is experiencing revenue pressure but is enhancing resilience through structural optimization and business transformation [1][4]. - In 2024, the company reported a revenue of 17.139 billion yuan, a decrease of 10% year-on-year, while the net profit attributable to shareholders was 1.315 billion yuan, a slight decrease of 0.01% [4]. - The company’s gross margin improved by 1 percentage point in both 2024 and Q1 2025, reaching 26.52% and 29.64% respectively, primarily due to a reduction in the proportion of low-margin automotive trading business [5]. Summary by Sections Financial Performance - In Q4 2024, the company achieved a revenue of 4.135 billion yuan, down 2% year-on-year, but net profit increased by 110% to 392 million yuan [4]. - For Q1 2025, revenue was 4.276 billion yuan, a decrease of 12%, while net profit rose by 9% to 475 million yuan [4]. Business Structure and Strategy - The company is optimizing its business structure, with a notable contribution from the fast-moving consumer goods sector driving investment income [5]. - The revenue breakdown for 2024 shows department stores, supermarkets, electrical appliances, and automotive trading generating 1.770 billion, 6.164 billion, 3.303 billion, and 4.288 billion yuan respectively, with varying year-on-year growth rates [6]. Regional Performance - Revenue from the Chongqing, Sichuan, and Hubei regions in 2024 was 15.469 billion, 250 million, and 3 million yuan respectively, reflecting a decline due to weak consumer demand [6]. Earnings Forecast - The company is expected to maintain steady growth, with projected EPS for 2025, 2026, and 2027 at 3.23, 3.52, and 3.78 yuan respectively, corresponding to PE ratios of 9, 9, and 8 times [7][10].

Investment Rating - The report assigns a "Buy" rating for the company, marking the first coverage of the stock [1][7]. Core Insights - The company has faced revenue pressure but is enhancing resilience through structural optimization and business transformation [1][4]. - In 2024, the company reported a revenue of 17.139 billion yuan, a decrease of 10% year-on-year, while the net profit attributable to shareholders was 1.315 billion yuan, showing a slight decrease of 0.01% [4]. - The company’s gross margin improved by 1 percentage point in both 2024 and Q1 2025, reaching 26.52% and 29.64% respectively, primarily due to a reduction in the proportion of low-margin automotive trading business [5]. Summary by Sections Financial Performance - In Q4 2024, the company achieved a revenue of 4.135 billion yuan, a decrease of 2%, but the net profit increased by 110% to 392 million yuan [4]. - For Q1 2025, the revenue was 4.276 billion yuan, down 12%, while the net profit rose by 9% to 475 million yuan [4]. Business Structure and Strategy - The company is optimizing its business structure, with a notable contribution from the fast-moving consumer goods sector driving investment income [5]. - The revenue breakdown for 2024 shows department store, supermarket, appliance, and automotive trading revenues of 1.770 billion, 6.164 billion, 3.303 billion, and 4.288 billion yuan respectively, with significant declines in department stores and automotive trading [6]. Profitability Forecast - The company is expected to maintain steady growth in performance, with projected EPS for 2025-2027 at 3.23, 3.52, and 3.78 yuan, corresponding to PE ratios of 9, 9, and 8 times [7][10].

表决情况：同意 11 票，反对 0 票，弃权 0 票。 （二）审议通过《关于召开 2024 年年度股东大会的议案》 证券代码：600729 证券简称：重庆百货 公告编号：临 2025-022 重庆百货大楼股份有限公司 第八届十四次董事会决议公告 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 5 月 20 日以电子 邮件方式向全体董事发出召开第八届十四次董事会会议通知和会议材料，会议于 2025 年 5 月 27 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《关于对世纪新都进行升级改造的议案》 公司下属百货事业部世纪新都作为百货事业部 2025 年调改转型的重要场店, 拟打造为"重庆百货 1 号店"，通过品牌提升、运营提效、场景升级、 ...

证券代码：600729 证券简称：重庆百货 公告编号：临 2025-023 重庆百货大楼股份有限公司 关于召开2024年年度股东大会的通知 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 (一)股东大会类型和届次 2024年年度股东大会 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 6 月 17 日 9 点 00 分 召开地点：重庆市渝中区青年路 18 号 16 楼会议室 股东大会召开日期：2025年6月17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投票 系统 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (五)网络投票的系统、起止日期和投票时间。 本次股东大会审议议案及投票股东类型 | 序号 | 议案名称 | 投票股东类型 | | --- | --- | --- | | | | 股股东 A | | 非累积投票议案 | | | | 1 | 年年度报告及摘要》 《2024 | √ | ...

Core Viewpoint - The announcement details the share reduction plans of the board members and executives of Chongqing Department Store Co., Ltd. due to personal financial needs, with specific share quantities and percentages outlined for each individual [3][4][5][6][7]. Group 1: Shareholding Information - As of the announcement date, the shareholding details of the executives are as follows: - Mr. Hu Hongwei holds 108,000 shares, accounting for 0.0245% of the total share capital - Mr. Qiao Hongbing holds 111,300 shares, accounting for 0.0253% - Mr. Wang Huan holds 110,900 shares, accounting for 0.0252% - Mr. Han Wei holds 94,350 shares, accounting for 0.0214% - Ms. Chen Guo holds 98,800 shares, accounting for 0.0224% [2]. Group 2: Reduction Plan Details - The executives plan to reduce their holdings through centralized bidding within three months after the announcement, starting 15 trading days later, with the reduction price determined by market conditions [3]. - Specific reduction plans include: - Mr. Hu Hongwei plans to reduce up to 27,000 shares, representing 0.0061% of the total share capital [3]. - Mr. Qiao Hongbing plans to reduce up to 27,800 shares, representing 0.0063% [4]. - Mr. Wang Huan plans to reduce up to 27,700 shares, representing 0.0063% [5]. - Mr. Han Wei plans to reduce up to 23,500 shares, representing 0.0053% [6]. - Ms. Chen Guo plans to reduce up to 24,700 shares, representing 0.0056% [7]. Group 3: Additional Information - There are no concerted actions among the reducing shareholders [8]. - If the company's stock is suspended during the pre-disclosure period, the actual start of the reduction will be postponed accordingly [9].