Core Viewpoint - Xinhua Department Store (600785.SH) reported a decline in revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - Total operating revenue for the first three quarters reached 4.707 billion yuan, a year-on-year decrease of 1.11% [1] - Net profit attributable to shareholders was 108 million yuan, down 1.29% year-on-year [1] - Basic earnings per share stood at 0.48 yuan [1]

本报告期未有已签约待开业门店。 证券代码:600785 证券简称:新华百货 编号:2025-043 银川新华百货商业集团股份有限公司 关于2025年1-3季度经营数据的公告 特别提示 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个别及连带责任。 银川新华百货商业集团股份有限公司（以下简称"公司"）根据上海证券交 易所《上市公司行业信息披露指引第五号——零售》要求，现将2025年1-3季度 门店变动情况及主要经营数据披露如下： 一、门店变动情况 | 地区 | 经营 | | 新开门店 | | | | | 关闭门店 | | | 期末门店 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 业态 | 门店 | 建筑面积 | | 开业 | | 门店 | 建筑面积 | 关闭 | 门店 | 建筑面积 | | | | 家数 | (m 2) | | 时间 | | 家数 | (m 2) | 时间 | 家数 | (m 2) | | 宁夏 | 百货 | ...

证券代码:600785 证券简称:新华百货 编号:2025-044 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 10 月 30 日(星期四)至 11 月 5 日(星期三)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 xhds600785@163.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。 银川新华百货商业集团股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 特别提示 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个别及连带责任。 重要内容提示： 会议召开时间：2025 年 11 月 6 日(星期四)16:00-17:00 （一） 会议召开时间：2025 年 11 月 6 日（星期四）16:00-17:00 银川新华百货商业集团股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布公司 2025 年第三季度报告，为便于广大投 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 1,452,211,739.54, a decrease of 1.40% compared to the same period last year[5]. - The total profit for the quarter was CNY 16,068,477.05, down 15.56% year-on-year[5]. - The net profit attributable to shareholders was CNY 21,505,496.84, an increase of 3.94% compared to the previous year[5]. - The net profit after deducting non-recurring gains and losses was CNY 22,379,632.07, up 34.11% year-on-year, mainly due to the absence of one-time store closure costs[10]. - The net profit for the first three quarters of 2025 is CNY 88,793,572.03, a slight decrease from CNY 90,941,554.67 in the same period of 2024, representing a decline of approximately 2.5%[21]. - The total profit for the first three quarters of 2025 is CNY 132,100,301.24, compared to CNY 118,593,207.66 in 2024, indicating an increase of about 11.4%[21]. - The operating profit for the first three quarters of 2025 is CNY 137,552,156.61, up from CNY 129,486,167.76 in 2024, reflecting a growth of approximately 6.5%[21]. - The total comprehensive income for the first three quarters of 2025 is CNY 88,793,572.03, compared to CNY 90,941,554.67 in 2024, showing a decrease of about 2.5%[22]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was CNY 972,374,087.25, an increase of 59.47% compared to the previous year[6]. - The cash flow from operating activities for the first three quarters of 2025 is CNY 972,374,087.25, an increase from CNY 609,744,218.35 in 2024, showing a growth of about 59.5%[25]. - The cash flow from investing activities for the first three quarters of 2025 is negative at CNY -408,574,430.95, compared to CNY -257,689,352.37 in 2024, indicating a deeper cash outflow[25]. - The cash flow from financing activities for the first three quarters of 2025 is negative at CNY -491,127,776.57, slightly worse than CNY -450,707,815.56 in 2024[27]. - Cash and cash equivalents as of September 30, 2025, were approximately RMB 513.50 million, an increase from RMB 428.48 million at the end of 2024[16]. - The total cash and cash equivalents at the end of the third quarter of 2025 is CNY 411,769,477.50, an increase from CNY 290,880,089.75 at the end of the third quarter of 2024[27]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 8,476,673,749.61, reflecting a 1.77% increase from the end of the previous year[6]. - Total assets as of September 30, 2025, amounted to approximately RMB 8.48 billion, compared to RMB 8.33 billion at the end of 2024, reflecting a growth of 1.7%[17]. - Total liabilities as of September 30, 2025, were approximately RMB 6.45 billion, an increase from RMB 6.34 billion at the end of 2024[18]. - Shareholders' equity as of September 30, 2025, was approximately RMB 2.03 billion, up from RMB 1.99 billion at the end of 2024[18]. - The company reported a decrease in inventory, which stood at approximately RMB 545.79 million as of September 30, 2025, down from RMB 756.24 million at the end of 2024[16]. Shareholder Information - The company had a total of 21,674 common shareholders at the end of the reporting period[12]. - The largest shareholder, Wumart Technology Group Co., Ltd., held 36.15% of the shares[12]. - There were no changes in the major shareholders or their shareholding structure during the reporting period[14]. Tax and Expenses - The tax expenses for the first three quarters of 2025 amount to CNY 43,306,729.21, significantly higher than CNY 27,651,652.99 in 2024, representing an increase of approximately 56.5%[21]. - Total operating costs for the first three quarters of 2025 were approximately RMB 4.60 billion, down 1.2% from RMB 4.65 billion in the first three quarters of 2024[20]. - Operating costs included RMB 3.52 billion in operating expenses, which increased by 0.7% from RMB 3.50 billion in the previous year[20]. - The company reported a total of CNY 874,135.23 in non-recurring losses for the quarter[9]. Product Development and Strategy - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[15]. - The weighted average return on equity was 0.94%, a decrease of 0.24 percentage points compared to the previous year[6].

Core Insights - The company reported a third-quarter revenue of 1.452 billion yuan, a year-on-year decrease of 1.40% [1] - The net profit for the third quarter was 21.55 million yuan, showing a year-on-year increase of 3.94% [1] - For the first three quarters, the total revenue was 4.707 billion yuan, reflecting a year-on-year decline of 1.11% [1] - The net profit for the first three quarters was 108 million yuan, which represents a year-on-year decrease of 1.29% [1]

Core Viewpoint - Xinhua Department Store's stock has shown a mixed performance in recent trading, with a year-to-date increase of 6.40% but a decline of 7.96% over the past 20 days, indicating volatility in its market position [1][2]. Company Overview - Xinhua Department Store, established on January 3, 1997, is the largest retail enterprise in Ningxia, China, focusing on commercial retail, logistics, and property leasing [2]. - The company's revenue composition includes 58.87% from supermarket retail, 19.75% from electrical retail, 12.34% from commercial property leasing, 8.25% from department store retail, and 0.52% from logistics services [2]. Financial Performance - For the first half of 2025, Xinhua Department Store reported a revenue of 3.254 billion yuan, a year-on-year decrease of 0.99%, and a net profit attributable to shareholders of 86.008 million yuan, down 2.52% from the previous year [2]. - The company has distributed a total of 742 million yuan in dividends since its A-share listing, with 124 million yuan distributed over the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 11.18% to 24,100, with an average of 9,348 circulating shares per shareholder, a decrease of 10.06% [2]. - CITIC Prudential Multi-Strategy Mixed Fund (LOF) A is among the top ten shareholders, holding 2.1751 million shares as a new shareholder [3].

Group 1 - The company, Xinhua Department Store (600785.SH), has confirmed that it engages in gold sales business [1]

Group 1 - The core point of the article is that Xinhua Department Store (SH 600785) held its first board meeting of the tenth session on September 26, 2025, to discuss the election of members for various specialized committees of the board [1] - For the fiscal year 2024, the revenue composition of Xinhua Department Store is 86.49% from commercial retail and 13.51% from leasing and other businesses [1] - As of the time of reporting, the market capitalization of Xinhua Department Store is 2.9 billion yuan [1]

证券代码：600785 证券简称：新华百货 公告编号：2025-041 银川新华百货商业集团股份有限公司 2025年第五次临时股东会决议公告 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 公司三名第十届董事会独立董事候选人均在本次股东会召开前，获得上海 证券交易所候选独立董事资格备案无异议通过。 一、 会议召开和出席情况 (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 | 129 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 114,940,777 | | 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（%） | 50.9418 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次股东会由公司董事会召集，会议由董事长曲奎先生主持，会议的召集和 召开程序、出席会议人员的资格、会议的表决方式和程序均符合《公司法》等法 律法规和 ...

关于银川新华百货商业集团股份有限公司 2025 年第五次临时股东会的 法律意见书 中国•银川市金凤区阅海路 35 号 银基大厦十楼 F10, Yinji Mansion 35 Yuehai Rd,Jinfeng District Yinchuan,China 宁夏方和圆律师事务所 宁夏方和圆律师事务所 关于银川新华百货商业集团股份有限公司 2025 年第五次临时股东会的 法律意见书 致：银川新华百货商业集团股份有限公司 宁夏方和圆律师事务所（以下简称"本所"）接受银川新华百货 商业集团股份有限公司（以下简称"公司"）的委托，指派本所律师 武文伽、包佳园列席了公司于 2025 年 9 月 26 日上午 9:30 在宁夏银 川市解放东街 211 号新百集团大楼六层会议室召开的2025年第五次 临时股东会（以下简称"本次股东会"），就本次股东会进行见证并 出具本法律意见书。 为出具本法律意见书，本所承办律师审查了公司本次股东会的有 关文件和资料，查验了公司本次股东会的召集和召开程序等有关资料， 审查了出席本次股东会的人员及会议召集人的资格，见证了本次股东 会的召开，并参与了本次股东会议案表决票的现场监票计票工作。 ...