证券代码：600729 证券简称：重庆百货 公告编号：临 2025-036 重庆百货大楼股份有限公司 关于召开2025年第一次临时股东会的通知 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)股东会类型和届次 2025年第一次临时股东会 (二)股东会召集人：董事会 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 9 月 30 日 至2025 年 9 月 30 日 (三)投票方式：本次股东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 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 30 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 (五)网络投票的系统、起止日期和投票时间。 股东会召开日期：2025年9月30日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 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 东会召开当日的交易时间段，即 9:15- ...

重庆百货大楼股份有限公司 证券代码：600729 证券简称：重庆百货 公告编号：临 2025-034 （二）审议通过《关于回购注销部分限制性股票及调整回购价格的议案》 表决情况为：5 票同意，0 票反对，0 票弃权 （三）审议通过《公司监事会对第八届十次监事会会议相关事项的核查意见》 表决情况为：5 票同意，0 票反对，0 票弃权 第八届十次监事会会议决议公告 本公司监事会及全体监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、监事会会议召开情况 重庆百货大楼股份有限公司(以下简称"公司")提前以书面和电子邮件方 式向全体监事发出召开第八届十次监事会会议通知和会议材料。本次会议于2025 年 9 月 12 日以通讯方式召开，会议由公司监事会主席肖熳华女士提议召开并主 持，符合《中华人民共和国公司法》和《重庆百货大楼股份有限公司章程》的有 关规定。 二、监事会会议审议情况 （一）审议通过《关于 2022 年限制性股票激励计划第三个解除限售期解除 限售条件成就的议案》 表决情况为：5 票同意，0 票反对，0 票弃权 特此公告。 重庆百货大楼股份有 ...

重庆百货大楼股份有限公司 第八届十八次董事会决议公告 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 9 月 5 日以电子 邮件方式向全体董事发出召开第八届十八次董事会会议通知和会议材料，会议于 2025 年 9 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 2022 年限制性股票激励计划第三个解除限售期解除 限售条件成就的议案》 乔红兵先生、胡宏伟先生作为本激励计划的激励对象，回避表决，由 9 名非 关联董事进行表决。本次解除限售暨上市的公告将另行公告。 表决情况：同意 9 票，反对 0 票，弃权 0 票，回避 2 票。 （二）审议通过《关于回购注销部分限制性股票及调整回购价格的议案》 乔红兵先生、胡宏伟先生作为本激 ...

Core Viewpoint - Chongqing Department Store announced a share reduction plan by its directors and executives, scheduled from June 12, 2025, to September 11, 2025, with specific share quantities and percentages outlined for each individual [1] Summary by Relevant Sections Share Reduction Plan - Mr. Hu Hongwei plans to reduce up to 27,000 shares, accounting for 0.0061% of the total share capital [1] - Mr. Qiao Hongbing plans to reduce up to 27,800 shares, accounting for 0.0063% of the total share capital [1] - Mr. Wang Huan plans to reduce up to 27,700 shares, accounting for 0.0063% of the total share capital [1] - Mr. Han Wei plans to reduce up to 23,500 shares, accounting for 0.0053% of the total share capital [1] - Ms. Chen Guo plans to reduce up to 24,700 shares, accounting for 0.0056% of the total share capital [1] Share Reduction Results - As of the announcement date, the following reductions have been completed: - Mr. Hu Hongwei reduced 27,000 shares, accounting for 0.0061% of the total share capital [2] - Mr. Qiao Hongbing reduced 27,800 shares, accounting for 0.0063% of the total share capital [2] - Mr. Wang Huan reduced 27,000 shares, accounting for 0.0061% of the total share capital [2] - Mr. Han Wei reduced 23,500 shares, accounting for 0.0053% of the total share capital [2] - Ms. Chen Guo reduced 24,700 shares, accounting for 0.0056% of the total share capital [2] Revenue Composition - For the year 2024, the revenue composition of Chongqing Department Store is as follows: - Supermarket segment: 35.97% - Automotive trade segment: 25.02% - Electrical appliances segment: 19.27% - Department store segment: 10.33% - Other businesses: 8.27% [2] Market Capitalization - As of the latest report, the market capitalization of Chongqing Department Store is 12.8 billion [3]

Group 1 - The company, Chongqing Department Store, held its 18th meeting of the 8th board of directors on September 12, 2025, via telecommunication voting, discussing the proposal to amend the "Rules of Procedure for Board Meetings" [1] - For the fiscal year 2024, the revenue composition of Chongqing Department Store is as follows: Supermarket segment accounts for 35.97%, Automotive trade segment for 25.02%, Electrical appliances segment for 19.27%, Department store segment for 10.33%, and Other businesses for 8.27% [1] - As of the report date, the market capitalization of Chongqing Department Store is 12.8 billion yuan [1]

证券代码：600729 证券简称：重庆百货 公告编号：临 2025-037 重庆百货大楼股份有限公司 董事、高管减持股份结果公告 本公司董事会、全体董事及相关股东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： 董事、高管持股的基本情况 本次减持计划实施前，重庆百货大楼股份有限公司（以下简称"公司"）董 事、总经理胡宏伟先生持有公司股份 108,000 股，占公司总股本的比例为 0.0245%； 董事乔红兵先生持有公司股份 111,300 股，占公司总股本的比例为 0.0253%；副 总经理王欢先生持有公司股份 110,900 股，占公司总股本的比例为 0.0252%；副 总经理韩伟先生持有公司股份 94,350 股，占公司总股本的比例为 0.0214%；董 事会秘书陈果女士持有公司股份 98,800 股，占公司总股本的比例为 0.0224%。 减持计划的实施结果情况 公司于 2025 年 5 月 21 日披露了《董事、高管减持股份计划公告》（公告编 号：临 2025-021），董事、高管计划在 2025 年 6 月 12 日至 20 ...

重庆百货大楼股份有限公司董事会议事规则 （二）执行股东会的决议； (2001 年 4 月 29 日，第二届第八次董事会审议通过；2002 年 5 月 17 日，第二届第十五次董 事会会议修订；2012 年 3 月 28 日，2012 年度第一次临时股东大会第二次修订；2022 年 12 月 15 日， 2022 年第四次临时股东大会第三次修订；2025 年 9 月修订) （三）决定公司的经营计划和投资方案； （四）制订公司的利润分配方案和弥补亏损方案； 第一章 董事会的职权及义务 一、董事会的职权 公司董事会由全体董事组成，负责股东会决议的执行和公司业务的决策，并对股东 会负责。董事会行使下列职权： （一）召集股东会，并向股东会报告工作； （五）制订公司增加或者减少注册资本、发行债券或者其他证券及上市方案； （六）拟定公司重大收购、收购本公司股票或者合并、分立、解散及变更公司形式 的方案； （七）在股东会授权范围内，决定公司对外投资、收购出售资产、资产抵押、对外 担保事项、委托理财、关联交易、对外捐赠等事项。 （八）决定公司内部管理机构的设置； （九）决定聘任或者解聘公司总经理、董事会秘书及其他高级管理人员， ...

Group 1: Macro Strategy and Market Overview - The report emphasizes the importance of coordinated fiscal and monetary policies to support economic recovery amid a complex market environment [3] - In the equity market, major indices experienced slight adjustments, with the ChiNext Index rising by 2.35% in the first week of September [3] - The central bank maintained a loose liquidity environment, with the DR007 rate staying below 1.5% [3] Group 2: Pharmaceutical Industry Insights - The weight loss market is rapidly growing, with over 2.6 billion people affected by overweight/obesity globally as of 2020, projected to exceed 4 billion by 2035 [5] - Novo Nordisk's oral version of semaglutide has been accepted for FDA review, marking a significant advancement in the oral GLP-1 weight loss drug market [5] - Data underperformance in oral GLP-1 pipelines may accelerate domestic BD opportunities, with potential for local drug companies to achieve significant results [5] Group 3: Energy Sector Analysis - U.S. shale oil companies have reduced capital expenditure and production guidance for 2025, indicating a cautious outlook [6][8] - The report predicts that if WTI prices remain below $60 per barrel, shale oil production may decline significantly [8] - OPEC+ is expected to increase production, potentially leading to oversupply and price corrections in the fourth quarter [9] Group 4: Chemical Industry Developments - China has become the world's largest new energy storage market, with installed capacity reaching 73.76 million kilowatts by the end of 2024 [11] - Prices for paraquat have risen due to strong demand and tight supply, while epoxy chloropropane market transactions have increased [11] Group 5: Retail Sector Performance - Chongqing Department Store reported a revenue of 8 billion yuan in H1 2025, a 10% year-on-year decline, but net profit increased by 8.7% [12] - The company has successfully adjusted 32 stores, resulting in a 53% increase in customer traffic [12] Group 6: Company-Specific Insights - Milky Way's net profit is expected to grow from 6.6 billion to 9.3 billion yuan from 2025 to 2027, with a target price of 81.49 yuan based on a PE of 16 [42][43] - China Ruyi's revenue for H1 2025 reached 2.206 billion yuan, a 19.93% increase, with a net profit turnaround to 1.228 billion yuan [36][37]

Group 1 - The core viewpoint of the report indicates that Chongqing Department Store achieved a net profit attributable to shareholders of 774 million yuan in the first half of the year, representing a year-on-year increase of 8.7%, with Q2 net profit at 299 million yuan, up 7.96% year-on-year [1] - The company has adjusted 27 stores in H1, with a cumulative total of 32 stores adjusted by the end of May [1] - The traditional fuel vehicle sector in the automotive trade is facing challenges, prompting a shift towards a focus on the sale of new energy vehicles, resulting in a decline in revenue but an increase in gross margin [1] Group 2 - The State Council's executive meeting on July 31, 2025, deployed policies for personal consumption loans and interest subsidies for service industry operators, effective from September 1, aimed at reducing credit costs for residents and financing costs for service industry operators, which is expected to stimulate consumption potential and enhance market vitality [1] - The company is focusing on product strength, creating new scenarios, accelerating digital transformation, optimizing organizational structure, and continuously reducing costs and increasing efficiency, maintaining overall stable operating performance [1] - The adjustment of the supermarket and department store formats is ongoing, with the electronics sector benefiting from national subsidy policies, while the automotive trade is strengthening its new energy layout [1]

Investment Rating - The investment rating for Chongqing Department Store is "Buy" with a target price not specified [6]. Core Views - The report highlights that the retail transformation is ongoing, leading to an improvement in profit margins. In H1 2025, the company's net profit attributable to shareholders increased by 8.7% year-on-year, despite a revenue decline of 10% [1]. - The report emphasizes the effectiveness of the retail adjustments, with significant increases in customer traffic and sales in reformed stores. The company is also focusing on enhancing its brand presence and upgrading store experiences [2]. - The report suggests that the company is well-positioned to benefit from government policies aimed at stimulating consumer spending, particularly in the consumer loan sector [3]. Financial Performance Summary - In H1 2025, the company reported revenue of 8 billion yuan, a decrease of 10% year-on-year, while the net profit was 774 million yuan, an increase of 8.7% year-on-year. The gross profit margin improved by 1.78 percentage points [1]. - For Q2 2025, revenue was 3.8 billion yuan, down 8.8% year-on-year, but net profit rose by 7.96% to 299 million yuan [1]. - The breakdown of H1 2025 revenue shows supermarket revenue at 3.5 billion yuan (down 4%), department store revenue at 1.2 billion yuan (down 10%), appliance revenue at 1.6 billion yuan (down 7%), and automotive revenue at 1.7 billion yuan (down 25%) [1]. Operational Adjustments - The company has reformed 27 supermarket stores in H1 2025, resulting in a 15% increase in customer traffic and a 14.7% increase in POS sales [2]. - The department store in Banan saw a 65% increase in sales and a 143% increase in customer traffic after renovations [2]. - The automotive segment is transitioning towards new energy vehicles, with a 59.5% year-on-year increase in sales of electric vehicles [2]. Financial Forecasts - The financial forecasts for 2025 to 2027 indicate a slight adjustment in profit predictions, with expected net profits of 1.38 billion yuan, 1.47 billion yuan, and 1.54 billion yuan respectively [3]. - The report projects a PE ratio of 9 for 2025, maintaining a "Buy" rating based on stable operational performance and ongoing adjustments [3].