9月11日，杭州解百盘中下跌2.07%，截至09:47，报8.03元/股，成交2939.04万元，换手率0.50%，总市 值59.03亿元。 资金流向方面，主力资金净流出394.78万元，大单买入315.82万元，占比10.75%，卖出710.59万元，占 比24.18%。 今年以来杭州解百已经1次登上龙虎榜，最近一次登上龙虎榜为2月20日，当日龙虎榜净买入763.22万 元；买入总计6318.60万元 ，占总成交额比18.64%；卖出总计5555.37万元 ，占总成交额比16.39%。 机构持仓方面，截止2025年6月30日，杭州解百十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股1914.61万股，相比上期减少1063.80万股。 资料显示，杭州解百集团股份有限公司位于浙江省杭州市环城北路208号坤和中心36-37楼，成立日期 1992年10月30日，上市日期1994年1月14日，公司主营业务涉及商品零售、批发,酒店,进出口贸易,服务 等。主营业务收入构成为：商场销售79.00%，其他(补充)11.03%，租赁8.39%，客房1.43%，餐饮 0.15%。 责任编辑：小浪快报 杭州解百所属申 ...

国浩律师（杭州）事务所认为，本次回购注销部分限制性股票已取得必要授权和批准，符合相关规定， 且公司已履行部分法律程序和信息披露义务，仅余向公司登记机关办理变更登记手续待完成。 声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 点击查看公告原文>> 责任编辑：小浪快报 登录新浪财经APP 搜索【信披】查看更多考评等级 杭州解百集团股份有限公司在2025年7月7日，召开第十一届董事会第十五次会议和第十一届监事会第十 三次会议，审议通过《关于回购注销2021年限制性股票激励计划部分激励对象限制性股票及调整回购价 格的议案》。此次回购注销涉及1名激励对象已获授但尚未解除限售的27,000股限制性股票。 2021年11月16日，公司召开2021年第二次临时股 ...

证券代码：600814 证券简称：杭州解百 公告编号：2025-027 杭州解百集团股份有限公司 关于2021年限制性股票激励计划回购注销实施公告 一、本次限制性股票回购注销的决策与信息披露 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： ●回购注销的原因：根据《上市公司股权激励管理办法》（以下简称"《管 理办法》"）、杭州解百集团股份有限公司（以下简称"公司"）《2021 年限 制性股票激励计划（草案）》（以下简称"《激励计划》"）的相关规定，鉴于 1 名激励对象因主动辞职与公司终止劳动关系，董事会审议决定由公司回购注销 前述 1 名激励对象已获授但尚未解除限售的限制性股票合计 27,000 股。 ●本次注销股份的有关情况： | 回购股份数量（股） | 注销股份数量（股） | 注销日期 | | | | --- | --- | --- | --- | --- | | 27,000 | 27,000 | 2025 年 9 | 月 | 11 日 | （一）2025 年 7 月 7 日，公司召开第十一届董事会第 ...

国浩律师（杭州）事务所 关于 杭州解百集团股份有限公司 2021 年限制性股票激励计划 部分限制性股票回购注销实施 的 法律意见书 杭州解百 2021 年限制性股票激励计划回购注销实施的法律意见书 国浩律师（杭州）事务所 地址：杭州市老复兴路白塔公园 B 区 15 号楼、2 号楼 邮编：310008 电话：(+86)(571) 8577 5888 传真：(+86)(571) 8577 5643 电子信箱：grandallhz@grandall.com.cn 网址：http://www.grandall.com.cn 二〇二五年九月 杭州解百 2021 年限制性股票激励计划回购注销实施的法律意见书 国浩律师（杭州）事务所 释 义 除非另有说明，本法律意见书中相关词语具有以下特定含义： | 公司、杭州解百 | 指 | 杭州解百集团股份有限公司 | | --- | --- | --- | | 本次激励计划 | 指 | 杭州解百集团股份有限公司 2021 年限制性股票激励计划 | | 本所 | 指 | 国浩律师（杭州）事务所 | | 本所律师 | 指 | 本所为杭州解百实施本次激励计划指派的经办律师 | | 《激励计 ...

Core Viewpoint - Hangzhou Xie Bai Group is adjusting its business strategy in response to changing consumer market demands, focusing on retail optimization and strategic equity investments to capture new opportunities in various sectors [2][3]. Group 1: Business Performance - In the first half of 2025, the company's operating revenue decreased by 5.75% year-on-year to 878 million yuan, while net profit attributable to shareholders fell by 23.48% to 150 million yuan [2]. - The main revenue sources are from merchandise sales and rental income from shopping centers, with key locations being Xie Bai Shopping Plaza and Hangzhou Tower Shopping City [2]. Group 2: Strategic Adjustments - The company is adjusting its retail strategy by optimizing product categories and brand structures, introducing new brands, and phasing out underperforming ones [2]. - There is a strong focus on member operations, particularly in lower-tier markets, to enhance member engagement and loyalty [2]. Group 3: Investment Focus - The company is actively pursuing strategic equity investments in sectors such as consumer technology, demographic changes, and the pet economy, aligning investments with evolving consumer demands [2][3]. - Several projects have been completed in the areas of pet economy, outdoor sports, consumer healthcare, and cosmetics [3]. Group 4: Operational Strategies - The company is implementing a "de-department store" strategy to optimize its business structure and enhance brand aggregation, particularly in dining and entertainment sectors [3]. - Marketing efforts are being intensified by leveraging external media platforms and promoting inter-industry collaborations to ensure healthy development across various business segments [4].

Core Viewpoint - Hangzhou Xiaobai's financial performance for the first half of 2025 shows a significant decline in net profit and revenue compared to the previous year, indicating potential challenges in its business operations and market conditions [1]. Financial Performance - The total revenue for the first half of 2025 was 878 million yuan, a decrease of 5.75% year-on-year [1]. - The net profit attributable to shareholders was 150 million yuan, down 23.48% from the previous year [1]. - In Q2 2025, total revenue was 398 million yuan, reflecting a 5.19% decline year-on-year [1]. - The net profit for Q2 2025 was approximately 63.38 million yuan, a decrease of 13.19% year-on-year [1]. - The gross margin was 76.89%, down 2.57% year-on-year, while the net margin was 28.17%, down 17.78% [1]. - Total expenses (selling, administrative, and financial) amounted to 283 million yuan, accounting for 32.21% of revenue, an increase of 9.11% year-on-year [1]. Key Financial Ratios - The return on invested capital (ROIC) for the previous year was 5.95%, indicating average capital returns [3]. - The historical median ROIC over the past decade was 8.8%, with the lowest recorded ROIC in 2022 at 5.14% [3]. - The net profit margin for the previous year was 24.77%, suggesting a relatively high value addition from products or services [3]. Debt and Cash Position - The company has a healthy cash asset position, with cash and cash equivalents reported at 5.064 billion yuan, an increase of 8.61% year-on-year [1][4]. - Interest-bearing liabilities were reported at 207 million yuan, reflecting a 7.07% increase year-on-year [1]. Business Model and Market Position - The company's performance is primarily driven by marketing efforts, necessitating further investigation into the underlying factors of this drive [4]. - Despite the decline in profits, the company is noted to have performed relatively well compared to peers in the industry [5].

Core Points - The board of directors of Hangzhou Xie Bai Group Co., Ltd. held its 16th meeting of the 11th session on August 28, 2025, with all 9 directors present and no dissenting votes [1] - All resolutions proposed during the meeting were approved unanimously, including the general manager's work report and the half-year financial report [1] Summary by Categories Meeting Details - The meeting was convened at the Kunhe Center, Hangzhou, and was chaired by the chairman Bi Ling [1] - The meeting complied with the relevant provisions of the Company Law of the People's Republic of China and the company's articles of association [1] Resolutions Passed - The 2025 Half-Year General Manager's Work Report was approved with 9 votes in favor [1] - The 2025 Half-Year Report, including the full text and summary, was approved after prior review by the board's audit committee, also with 9 votes in favor [1] - The 2025 Half-Year Operational Data Brief was approved with 9 votes in favor [1] - The proposal to add independent director Zhang Zhenyu to the board's specialized committees was approved, with his term aligning with the current board's term [1] - The 2025 Mid-Year Profit Distribution Plan was approved and will be submitted to the shareholders' meeting for review [1]

Core Viewpoint - The supervisory board of Hangzhou Xiaobai Group Co., Ltd. held its 14th meeting of the 11th session, where it approved the 2025 semi-annual report and the mid-term profit distribution plan [1][2] Group 1 - The meeting was held on August 28, 2025, at the Kunhe Center in Hangzhou, with all five supervisors present [1] - The supervisory board unanimously approved the 2025 semi-annual report, with a voting result of 5 in favor, 0 against, and 0 abstentions [1] - The mid-term profit distribution plan was approved, proposing a cash dividend of 0.041 yuan per share (including tax) to all shareholders based on the total share capital on the record date [1]

Core Insights - The company reported a total operating revenue of 878 million yuan, ranking 27th among disclosed peers, which represents a decrease of 53.57 million yuan or 5.75% year-on-year [1] - The net profit attributable to shareholders was 150 million yuan, ranking 13th among disclosed peers, down by 46.08 million yuan or 23.48% year-on-year [1] - The net cash inflow from operating activities was 183 million yuan, ranking 22nd among disclosed peers, a decrease of 101 million yuan or 35.62% year-on-year [1] Financial Ratios - The latest debt-to-asset ratio is 44.43%, ranking 22nd among disclosed peers, an increase of 1.72 percentage points from the previous quarter and 0.24 percentage points from the same period last year [3] - The latest gross profit margin is 76.89%, ranking 2nd among disclosed peers, a slight decrease of 0.01 percentage points from the previous quarter and a decrease of 2.03 percentage points year-on-year [3] - The latest return on equity (ROE) is 4.07%, ranking 10th among disclosed peers, down by 1.43 percentage points year-on-year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share is 0.21 yuan, ranking 8th among disclosed peers, a decrease of 0.06 yuan or 22.22% year-on-year [3] - The latest total asset turnover ratio is 0.10 times, ranking 36th among disclosed peers, a decrease of 0.01 times or 6.32% year-on-year [3] - The latest inventory turnover ratio is 3.17 times, ranking 19th among disclosed peers, an increase of 0.52 times or 19.45% year-on-year [3] Shareholder Information - The number of shareholders is 32,400, with the top ten shareholders holding 524 million shares, accounting for 71.22% of the total share capital [3]

Group 1 - The company plans to distribute a cash dividend of 0.041 yuan per share (including tax) to all shareholders, totaling approximately 30.14 million yuan (including tax) based on a total share capital of 735,105,598 shares as of June 30, 2025 [1][26][27] - The proposed profit distribution plan is subject to approval at the company's shareholders' meeting [28][30] - The company reported a net profit attributable to shareholders of 150.15 million yuan for the first half of 2025, with an undistributed profit of 1.30 billion yuan at the end of the reporting period [26][30] Group 2 - The company's board of directors and supervisory board confirmed the authenticity, accuracy, and completeness of the announcements made [3][16] - All resolutions at the board meeting were passed unanimously, with no votes against or abstentions [5][6][10] - The company will hold a performance briefing on September 5, 2025, to discuss the first half of 2025's operational results and financial indicators with investors [34][35][39]