监事会认为:公司 2022年限制性股票激励计划第二个解除限售期解除限售 条件已经成就。本次解除限售事项符合《上市公司股权激励管理办法》及公司激 励计划的有关规定;同意公司为本次符合解除限售条件的激励对象办理限制性股 票解除限售相关事宜。 二、关于回购注销部分限制性股票及调整回购价格的核查意见 对第八届四次监事会会议相关事项的核查意见 重庆百货大楼股份有限公司(以下简称"公司")监事会根据《中华人民共 和国公司法》(以下简称"《公司法》")《上市公司股权激励管理办法》等有关 法律、法规及规范性文件以及《重庆百货大楼股份有限公司 2022 年限制性股票 激励计划(修订稿)》和《公司章程》的有关规定,对公司《关于 2022年限制性 股票激励计划第二个解除限售期解除限售条件成就的议案》《关于回购注销部分 限制性股票及调整回购价格的议案》相关内容进行审核后,发表核查意见如下: 一、关于 2022年限制性股票激励计划第二个解除限售期解除限售条件成就 的核查意见 监事会对 2022 年限制性股票激励计划第二个解除限售期解除限售条件达成 情况的核查情况如下: | 解除限售条件 | 成就情况 | | --- | --- | | ...

金杜律师事务所 KING & WODD MALLESONS 北京市朝阳区东三环中路1号 环球金融中心办公楼东楼18层 邮编100020 18th Floor, East Tower, World Financial Center 1 Dongsanhuan Zhonglu, Chaoyang District Beijing 100020, P. R. China T +86 10 5878 5588 F +86 10 5878 5566 www.kwm.com 北京市金杜律师事务所(以下简称本所)受重庆百货大楼股份有限公司(以下 简称公司或重庆百货)委托,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》)、中国证券监督管理委员会(以 下简称中国证监会）《上市公司股权激励管理办法》（以下简称《管理办法》）等 法律、行政法规、部门规章和其他规范性文件以及《重庆百货大楼股份有限公司章 程》（以下简称《公司章程》）、《重庆百货大楼股份有限公司 2022 年限制性股 权激励计划（草案）》及其修订稿（以下简称《激励计划》）的有关规定,就公司 2022 年限制性股票激励计 ...

二、关于对《关于回购注销部分限制性股票及调整回购价格的议 案》的独立意见 重庆百货大楼股份有限公司独立董事 关于对第八届五次董事会会议相关事项审议的独立意见 根据《上市公司独立董事管理办法》《重庆百货大楼股份有限公司 独立董事制度》等有关法律法规及规范性文件的规定，公司独立董事 对第八届五次董事会会议相关事项发表独立意见如下： 一、关于对《关于2022年限制性股票激励计划第二个解除限售期 解除限售条件成就的议案》的独立意见 我们认为，公司2022年限制性股票激励计划第二个解除限售期解 除限售条件已经成就。我们同意公司按照相关规定为符合条件的50名 激励对象办理本次股权激励计划第二个限售期解除限售及股份上市的 相关事宜。本次解除限售的限制性股票上市流通数量为1,352,400股。 公司第八届五次董事会会议的召开程序、表决程序符合相关法律、法 规及《公司章程》的规定，会议履行了法定程序。本次交易遵守了公 平、公正、合理的原则，不存在损害公司及其股东特别是中、小股东 利益的情形。 我们认为，公司实施2022年限制性股票激励计划，需回购注销本 次股权激励计划第二个解除限售期限制性股票个人层面绩效考核结果 为良好的2名 ...

证券代码：600729 证券简称：重庆百货 公告编号：临 2024-062 重庆百货大楼股份有限公司 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 1,352,400 股。 本次股票上市流通总数为 1,352,400 股。 本次股票上市流通日期为 2024 年 9 月 23 日。 重庆百货大楼股份有限公司（以下简称"公司"）2022 年限制性股票激励计 划（以下简称"本次股权激励计划"或"本激励计划"）第二个解除限售期解除限 售条件已经成就。根据公司 2022 年第二次临时股东大会的授权，公司同意按照相 关规定为符合条件的 50 名激励对象办理本次股权激励计划第二个限售期解除限售 及股份上市的相关事宜。本次解除限售的限制性股票上市流通数量为 1,352,400 股， 占目前公司股本总额的 0.31%，上市流通日为 2024 年 9 月 23 日。 一、股权激励计划限制性股票批准及实施情况 （一）已履行的相关审批程序 1. 2022 年 7 月 1 日，公司第七届二十七次董事会会议审议通过《关于<重庆 百货大楼股份有限公司 2022 年限制性股票激励计划（草案）>及其摘要的议案》 《关于<重庆 ...

证券代码：600729 证券简称：重庆百货 公告编号：临 2024-064 重庆百货大楼股份有限公司 关于回购注销部分限制性股票通知债权人公告 公司本次回购注销完成后，股份总数将由 440,608,177 股减少至 440,547,577 股。公司注册资本也将由 440,608,177 元减少至 440,547,577 元。 最终的股本变动情况以中国证券登记结算有限责任公司上海分公司确认的数据 为准。公司将于本次回购完成后向中国证券登记结算有限责任公司上海分公司申 请该部分股票的注销，并依法履行相应的减资程序。 二、需债权人知悉的信息 根据《中华人民共和国公司法》等相关法律、法规的规定，公司特此通知债 权人，自本公告披露之日起 45 日内，有权依据有效的债权相关文件及相关凭证 要求本公司清偿债务或者提供相应的担保。逾期未申报债权的将视为有关债权人 放弃要求本公司提前清偿或者提供相应担保的权利，其享有的对本公司的债权将 由本公司按原债权文件约定继续履行。公司债权人如要求本公司清偿债务或提供 相应担保的，应根据《中华人民共和国公司法》等法律、法规的有关规定向本公 司提出书面要求，并随附有关证明文件。 债权申报所需 ...

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。 证券代码：600729 证券简称：重庆百货 公告编号：临 2024-063 重庆百货大楼股份有限公司 关于回购注销部分限制性股票及调整回购价格的公告 重庆百货大楼股份有限公司（以下简称"公司"）实施 2022 年限制性股票 激励计划（以下简称"本次股权激励计划"或"本激励计划"），根据中国证监 会《上市公司股权激励管理办法》（以下简称"《管理办法》"）及《重庆百货大楼 股份有限公司 2022 年限制性股票激励计划（草案）（修订稿）》（以下简称《限制 性股票激励计划（草案）》）的有关规定，公司需回购注销本次股权激励计划第二 个解除限售期限制性股票个人层面绩效考核结果为良好的 2 名激励对象所持尚 未解除限售的公司限制性股票 12,600 股；同时，1 名激励对象因第二个解除限 售期限制性股票个人层面绩效考核结果为不合格且已离职、不再符合激励对象的 资格，其持有的尚未解除限售的限制性股票 48,000 股需全部回购注销。公司根 据 2022 年度及 2023 年度利润分配方案实施情况 ...

Investment Rating - The investment rating for the company is "Buy," maintaining the previous rating of "Buy" [1]. Core Views - The company reported a revenue of 8.98 billion yuan for H1 2024, a year-on-year decrease of 11.56%, and a net profit attributable to shareholders of 712 million yuan, down 21.06% year-on-year [1]. - The decline in revenue is primarily attributed to reduced customer traffic and sales in department stores, as well as risk control measures in the automotive trade segment [1][2]. - The company is actively pursuing retail transformation and has introduced new business models, such as discount stores and a new brand "Supermarket," which has shown promising early results [1][2]. Summary by Sections Financial Performance - For H1 2024, the company achieved a revenue of 8.98 billion yuan, with a breakdown of 4.85 billion yuan in Q1 and 4.13 billion yuan in Q2, reflecting year-on-year declines of 5.03% and 18.19%, respectively [1]. - The net profit for Q1 and Q2 was 435 million yuan and 277 million yuan, showing year-on-year decreases of 8.22% and 35.92% [1]. - The company’s revenue from different segments in the Chongqing region for H1 2024 was 1.215 billion yuan for department stores, 3.604 billion yuan for supermarkets, 1.657 billion yuan for electronics, and 2.226 billion yuan for automotive trade, with varying year-on-year growth rates [1]. Cost Management - The company has implemented cost control measures, resulting in a year-on-year decrease in sales, management, financial, and R&D expenses by 5.19%, 16.57%, 62.81%, and 40.96%, respectively [2]. - Specific initiatives include negotiating rent reductions and enhancing cash flow management [2]. Future Outlook - The revenue forecasts for 2024, 2025, and 2026 are projected to be 16.687 billion yuan, 17.236 billion yuan, and 17.733 billion yuan, with year-on-year changes of -12%, +3%, and +3% respectively [2]. - The net profit forecasts for the same years are 1.233 billion yuan, 1.292 billion yuan, and 1.353 billion yuan, with year-on-year changes of -6%, +5%, and +5% respectively [2].

Investment Rating - The investment rating for the company is "Buy (Maintain)" [3] Core Views - The company reported a 2024 H1 revenue of 8.98 billion yuan, a year-on-year decrease of 11.56%, and a net profit attributable to shareholders of 712 million yuan, down 21.06% year-on-year [1] - The company is focusing on dual-driven growth through its main business and investments, with ongoing operational efficiency improvements since 2018 [1] - The retail sector is undergoing adjustments with new business models being explored, including a "supermarket + discount" model [1] Summary by Sections Main Business Performance - In Q2 2024, the company had 274 offline retail stores, with a notable decline in automotive sales and a push for new business formats in supermarkets [1] - The "611 Department Store Festival" generated sales of 1.05 billion yuan, with a 12% increase in customer traffic year-on-year [1] - The supermarket segment achieved sales of 1.173 billion yuan, with 458 items reaching over a million sales [1] - The electrical appliance segment held the "12th Chongqing Appliance Festival," generating sales of 245 million yuan [1] - The automotive segment saw a decrease in store numbers and focused on promotional activities during the International Auto Show [1] Investment Performance - The consumer finance segment reported a net profit of 1.068 billion yuan in H1 2024, contributing 332 million yuan to the company's investment income, a decrease of 20.66% year-on-year [1] - The gross margin in Q2 2024 increased by 0.15 percentage points to 24.84%, while the expense ratio rose due to declining revenues [1] Financial Projections - Revenue projections for 2024-2026 are 17.403 billion yuan, 17.611 billion yuan, and 17.884 billion yuan respectively, with net profits of 1.295 billion yuan, 1.351 billion yuan, and 1.427 billion yuan [2] - The expected EPS for the same period is 2.94 yuan, 3.07 yuan, and 3.24 yuan, with corresponding valuations of 6.1X, 5.8X, and 5.5X [1][2]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The report highlights that the company's performance is under short-term pressure due to high base effects from previous periods, particularly from the "Ma Xiao" investment and "Deng Kang" oral care business, which have impacted profits [4] - The company is actively increasing promotional efforts to drive sales, with a focus on enhancing product offerings and optimizing supply chains [4] - The report anticipates a recovery in performance in the second half of the year as the impact of short-term base disturbances diminishes [4] Summary by Relevant Sections Market Data - Closing price as of August 30, 2024, is 17.66 yuan - The highest and lowest prices in the past year are 34.57 yuan and 16.91 yuan respectively - The price-to-book ratio is 1.1, and the dividend yield is 7.68% [1] Financial Performance - For the first half of 2024, the company reported revenue of 8.98 billion yuan, a year-on-year decrease of 12% - The net profit attributable to shareholders for the same period was 712 million yuan, down 21% year-on-year [4][5] - The company’s gross margin improved to 26.65% in the first half of 2024, an increase of 0.74 percentage points year-on-year [4] Sales and Promotions - The company conducted 50 promotional events in the first half of 2024, which collectively drove sales of 6.58 billion yuan - The first "611 Department Store Festival" saw a 12% increase in customer traffic, contributing 1.05 billion yuan to sales [4] Future Projections - The report adjusts profit forecasts for 2024 and 2025, projecting net profits of 1.366 billion yuan and 1.492 billion yuan respectively, with corresponding price-to-earnings ratios of 6 and 5 times [4][5] - The company is exploring new retail models, including "fresh + discount" supermarkets, which have shown promising early results [4]

Investment Rating - The report maintains a "Recommended" rating for Chongqing Department Store (600729.SH) [4] Core Views - The company's revenue for the first half of 2024 was 8.98 billion yuan, a year-on-year decrease of 11.56%, with a net profit attributable to shareholders of 712 million yuan, down 21.06% year-on-year [2] - The decline in sales in the department store and automotive trade sectors significantly impacted overall revenue growth, with department store sales down 6.9% and automotive trade down 28.7% in the first half of 2024 [2] - The company is undergoing operational transformation with the opening of new "fresh + discount" supermarket formats, which have shown promising initial sales figures [2] - The company is expected to see performance growth due to improvements in operational efficiency following mixed-ownership reform and the rapid rise of new discount retail formats [2] Financial Summary - Revenue projections for 2024-2026 are 19.285 billion yuan, 20.202 billion yuan, and 21.183 billion yuan, with growth rates of 1.6%, 4.8%, and 4.9% respectively [3][5] - Net profit attributable to shareholders is projected to be 1.2 billion yuan in 2024, down 8.7%, followed by 1.258 billion yuan in 2025 and 1.331 billion yuan in 2026, with growth rates of 4.8% and 5.8% respectively [3][5] - The company maintains a low valuation with a PE ratio of 6 for 2024-2026 and a high dividend payout ratio, indicating potential for investment [2][3][5] Operational Insights - The company reported a gross margin of 26.65% in the first half of 2024, with stable profitability across different business segments [2] - The new "fresh + discount" supermarket format has opened multiple locations, achieving significant sales growth shortly after launch, indicating a successful shift in business strategy [2] - The company is focusing on enhancing its supply chain and organizational structure to adapt to changing market conditions [2]