证券日报网讯12月9日，新华百货（600785）在互动平台回答投资者提问时表示，公司目前业务范围主 要在宁夏及周边西北省份城市，目前暂未考虑在福建拓展业务。 ...

格隆汇12月9日丨新华百货(600785.SH)在互动平台表示，公司目前业务范围主要在宁夏及周边西北省份 城市，目前暂未考虑在福建拓展业务。 ...

格隆汇12月9日丨新华百货(600785.SH)在互动平台表示，公司目前业务范围主要在宁夏及周边西北省份 城市，目前暂未考虑在福建拓展业务。 ...

Group 1 - The retail sector is showing active performance, with several companies in A-shares and Hong Kong stocks experiencing significant gains, indicating a positive market sentiment [1] - The Ministry of Industry and Information Technology, along with other governmental bodies, has issued a plan to enhance the adaptability of supply and demand in consumer goods, aiming to stimulate consumption [2][3] Group 2 - The plan outlines goals for 2027, including the optimization of the consumer goods supply structure, the formation of three trillion-level consumption fields, and ten hundred-billion-level consumption hotspots [5] - By 2030, a high-quality development pattern characterized by positive interaction between supply and consumption is expected to be established, with a steady increase in consumption's contribution to economic growth [5] - The plan emphasizes the expansion of diverse interest consumption supplies, particularly in areas such as pet-related products, anime, and trendy toys, reflecting a shift in consumer preferences towards emotional and experiential purchases [5] - The emotional economy in China is projected to grow significantly, with the market size expected to reach approximately 23 trillion yuan in 2024 and exceed 45 trillion yuan by 2029, highlighting the importance of emotional consumption in driving market growth [6] - The pet economy is anticipated to reach a scale of 701.3 billion yuan in 2024, with a year-on-year growth of 18.3%, and is expected to grow to 1.15 trillion yuan by 2028 [6] - The trendy toy industry in China is valued at around 60 billion yuan in 2023, with projections to reach 110.1 billion yuan by 2026, indicating a robust annual growth rate of over 20% [7] - The ongoing policy support and rapid market demand expansion in sectors like pet economy and trendy toys are expected to accelerate growth, presenting new opportunities for retail companies [7]

Group 1 - The company, Xinhua Department Store, confirmed on November 21 that it currently has a sales business for aquatic products but does not engage in aquaculture [1]

Investment Rating - The report maintains a "Positive" outlook for the retail industry, indicating an expectation of performance that exceeds the market benchmark by over 5% [5]. Core Insights - The report highlights a warming trend in high-end consumption, particularly benefiting offline department stores and supermarkets. It notes that the retail industry has undergone significant changes over the past decade, with a contraction in supply due to the rise of e-commerce and other retail formats. The report anticipates a recovery in offline retail driven by increased policy support and adjustments in supermarket operations [2][3]. Summary by Sections Investment Recommendations and Targets - The report suggests that the "Retail Wheel" theory reveals cyclical patterns in the retail industry. It identifies two main investment themes: 1. Accelerated adjustments in supermarkets, with resilient performance expected from leading regional retail companies such as Chongqing Department Store, Bubugao, Yonghui Supermarket, Huijia Times, Xinhua Department Store, and Jiajia Yue [3]. 2. Department stores with luxury goods operations are expected to benefit from the recovery in high-end consumption, including companies like Hangzhou Department Store and Wushang Group [3]. High-End Retail Market Signals - Several high-end retailers are showing signs of stabilization, with LVMH, Hermès, Prada, and Kering reporting positive revenue growth. For instance, Hermès and Prada saw revenue increases of 9.6% and 8%, respectively. LVMH has returned to positive growth after two quarters of decline, and Kering's losses have significantly narrowed [8]. - Notable sales growth was observed in Beijing and Shanghai's high-end retail locations, with sales increases of 7.8% and 41.9% respectively in the first three quarters [8]. Upcoming Consumer Trends - The extended Spring Festival in 2026 is expected to boost seasonal consumption, with a potential 10-day shopping period when combined with Valentine's Day. Historical data indicates that the first quarter's performance is crucial for annual revenue, suggesting a favorable outlook for 2026 [8]. - The implementation of a nationwide "immediate refund" policy for outbound travelers is anticipated to enhance consumer spending from foreign visitors, with significant increases in the number of travelers and refund amounts reported [8].

Core Points - The company announced a cash dividend distribution of 0.10 yuan per share for the first half of 2025, approved at the fourth extraordinary shareholders' meeting on September 10, 2025 [2][4] - The total cash dividend to be distributed amounts to 22,563,128 yuan based on a total share capital of 225,631,280 shares [4] Distribution Details - The distribution is applicable to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the day before the dividend record date [3] - The cash dividends will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited, with specific arrangements for shareholders who have completed designated transactions [5] Taxation Information - For individual shareholders holding shares for over one year, the cash dividend of 0.10 yuan per share is exempt from personal income tax. For those holding shares for one year or less, the company will not withhold tax at the time of distribution, but tax will be calculated based on the holding period upon transfer of shares [10] - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax applied, resulting in a net cash dividend of 0.09 yuan per share [11] - For shareholders under the Hong Kong Central Clearing Limited account, a similar 10% withholding tax applies, also resulting in a net cash dividend of 0.09 yuan per share [11]

Core Viewpoint - Xinhua Department Store announced a cash dividend distribution plan for the first half of 2025, with a cash dividend of 0.10 yuan per share (tax included) [2] Summary by Relevant Sections - **Dividend Details** - The cash dividend of 0.10 yuan per share will be distributed to A-share holders [2] - The record date for the dividend is set for November 20, 2025, and the ex-dividend date is November 21, 2025 [2]

证券代码：600785 证券简称：新华百货 公告编号：2025-046 银川新华百货商业集团股份有限公司 2025年半年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.10元 相关日期 本次利润分配方案经公司2025 年 9 月 10 日的2025年第四次临时股东会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本225,631,280股为基数，每股派发现金红利0.10 元（含税），共计派发现金红利22,563,128元。 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/11/20 | － | 2025/11/21 | 2025/11/21 | 差异化分红送 ...

Core Viewpoint - The company, Xinhua Department Store (600785), reported that its most recent disclosed number of shareholders is 21,674 [1] Company Summary - The company has a total of 21,674 shareholders as per the latest disclosure [1]