Core Viewpoint - The first city duty-free shop in Zhejiang Province has officially opened in Hangzhou, offering a new shopping experience for travelers departing from Hangzhou Xiaoshan International Airport within 60 days [1] Group 1: Store Overview - The duty-free shop is guided and regulated by Qianjiang Customs and is designed for both domestic and international travelers [1] - The store is divided into two sections: a duty-free area for travelers and a taxed area for all customers [1] Group 2: Duty-Free Area - The duty-free area caters to travelers departing within 60 days from the airport and does not impose a shopping limit, primarily featuring domestic alcoholic beverages [1] - Customers can select products 4 to 60 days in advance using their outbound flight tickets, with items delivered to the airport pickup point [1] Group 3: Taxed Area - The taxed area is open to all customers, offering immediate purchase and pickup of cosmetics and daily necessities [1] Group 4: Future Offerings - Future plans include the introduction of local brands and products such as tea, silk, yellow wine, and smart electronics [1]

格隆汇2月13日丨杭州解百(600814.SH)公布，截至2026年2月13日，董事长毕铃在本次减持计划期间通 过集中竞价交易方式累计减持公司股份37.5万股，占公司总股本的0.0510%；职工代表董事姚兰在本次 减持计划期间通过集中竞价交易方式累计减持公司股份4万股，占公司总股本的0.0054%。本次减持计 划时间区间已届满。 ...

格隆汇2月13日丨杭州解百(600814.SH)公布，截至2026年2月13日，董事长毕铃在本次减持计划期间通 过集中竞价交易方式累计减持公司股份37.5万股，占公司总股本的0.0510%；职工代表董事姚兰在本次 减持计划期间通过集中竞价交易方式累计减持公司股份4万股，占公司总股本的0.0054%。本次减持计 划时间区间已届满。 ...

杭州解百集团股份有限公司 证券代码：600814 证券简称：杭州解百 公告编号：2026-004 董事减持股份结果公告 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： 董事持股的基本情况 本次减持计划实施前，杭州解百集团股份有限公司（以下简称"公司"）董 事长毕铃持有公司股票 1,500,000 股，占公司总股本的 0.2041%；职工代表董事 姚兰持有公司股票 189,700 股，占公司总股本的 0.0258%。 减持计划的实施结果情况 公司于 2025 年 10 月 23 日披露了《董监高减持股份计划公告》（公告编号： 2025-032）。公司董事长毕铃拟通过集中竞价方式减持公司股份不超过 375,000 股，不超过公司总股本的 0.0510％；公司职工代表董事姚兰拟通过集中竞价方 式减持公司股份不超过 47,425 股，不超过公司总股本的 0.0065％。前述减持计 划减持期限为 2025 年 11 月 14 日至 2026 年 2 月 13 日。 截至 2026 年 2 月 13 日，董事长毕 ...

Group 1 - Hangzhou Jie Bai's stock price has dropped 5.02% to 8.70 CNY per share, with a total market capitalization of 6.395 billion CNY, and a cumulative decline of 15.03% over the last three days [1] - The company's main business segments include retail and wholesale (79.00%), other (11.03%), leasing (8.39%), guest rooms (1.43%), and dining (0.15%) [1] Group 2 - The fund "Zhong Ou Small Cap Growth Mixed A" holds 3.0612 million shares of Hangzhou Jie Bai, accounting for 1.4% of the fund's net value, making it the largest holding [2] - The fund has incurred a floating loss of approximately 1.4082 million CNY today and a total floating loss of 4.9591 million CNY over the past three days [2] - The fund has achieved a year-to-date return of 12.15% and a one-year return of 73.9%, ranking 914 out of 8882 and 420 out of 8127 respectively [2] Group 3 - The fund manager Qian Yating has a tenure of 4 years and 103 days, with a total fund size of 5.926 billion CNY and a best return of 90.35% during her tenure [3] - The co-manager Tang Minwei has a tenure of 205 days, managing a fund size of 2.417 billion CNY, with a best return of 38.18% during his tenure [3]

Core Viewpoint - The continuous decline of Hangzhou Xie Bai (600814) is attributed to a combination of excessive short-term gains, profit-taking by investors, weak fundamentals, and a cooling sentiment in the retail sector [6] Stock Performance - The stock experienced a significant drop, hitting the limit down on February 10 and further declining by 4.98% on February 11 - The stock had a remarkable surge with three limit-up days from February 4 to February 6, resulting in a cumulative increase of over 30% during that period [1] Fund Flow Situation - On the limit down day, net outflow of main funds was 67.82 million yuan, accounting for 7.46% of the trading volume, while retail investors saw a net inflow of 66.69 million yuan - The top five selling positions included institutional and speculative funds, which collectively sold 109 million yuan, while buying was primarily from retail investors [2] Company Fundamentals - For the first three quarters of 2025, the company reported revenue of 1.273 billion yuan, a year-on-year decrease of 3.62%, and a net profit attributable to shareholders of 188 million yuan, down 21.34% - Revenue and net profit are also projected to decline by 13.55% and 4.92% respectively in 2024, primarily due to weak consumer recovery and store renovations [3] Company Valuation - As of February 6, the company's static P/E ratio was 32.02, exceeding the retail industry average of 29.91 - By February 11, the trailing P/E ratio (TTM) rose to 34.29, still above the industry average, indicating potential valuation correction pressure [4] Sector Changes - On February 10, the overall retail sector fell by 2%, retreating 5% from recent highs, indicating a cooling sentiment in the sector - Market funds have shifted towards hot sectors such as AI applications and film industry, diverting capital away from retail stocks [5]

Market Overview - The market experienced narrow fluctuations throughout the day, with the three major indices showing mixed results, while the Sci-Tech 50 Index rose nearly 1% [1] - The total trading volume in the Shanghai and Shenzhen markets was 2.11 trillion yuan, a decrease of 143.9 billion yuan compared to the previous trading day [1] - Over 3,100 stocks in the market declined [1] Sector Performance - The media sector led the market gains, with stocks such as Wanda Film, Reader Culture, and others hitting the daily limit [1] - The humanoid robot concept showed active performance, with Wanxiang Qianchao reaching the daily limit [1] - The PCB sector experienced a rally, with Nanya New Materials and Honghe Technology both reaching historical highs [1] - Conversely, the commercial aerospace sector saw declines, with Shunhao Co. hitting the daily limit down [1] - The consumer sector faced fluctuations and declines, with Hangzhou Jiebai hitting the daily limit down [1] Index Performance - At the close, the Shanghai Composite Index rose by 0.13%, the Shenzhen Component Index increased by 0.02%, while the ChiNext Index fell by 0.37% [1]

Group 1 - The A-share retail sector experienced an initial adjustment on February 10, with Hangzhou Xie Bai hitting the daily limit down [1] - Xinhua Department Store fell over 8%, indicating significant downward pressure in the sector [1] - Other companies such as Sanjiang Shopping, Maoye Commercial, Dongbai Group, and Baida Group also saw declines [1]

●2026 年 2 月 6 日公司股票再次涨停。鉴于近期公司股票交易价格波动较大， 公司提醒广大投资者注意市场交易风险，理性决策，审慎投资。 证券代码：600814 证券简称：杭州解百 公告编号： 2026-003 杭州解百集团股份有限公司 股票交易风险提示公告 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个别及连带责任。 重要内容提示： ●杭州解百集团股份有限公司（以下简称"公司"、"本公司"）股票于 2026 年 2 月 3 日、2 月 4 日和 2 月 5 日连续三个交易日内日收盘价格涨幅偏离值累计超过 20%。 根据《上海证券交易所交易规则》的相关规定，属于股票交易异常波动情形。公司 已于 2026 年 2 月 6 日披露了《杭州解百集团股份有限公司股票交易异常波动公告》 （公告编号：2026-002）。 ●截至 2026 年 2 月 6 日，公司静态市盈率、滚动市盈率分别为 32.02、31.57， 零售业最新（截至 2026 年 2 月 5 日）静态市盈率、滚动市盈率分别为 29.91、29.79， 公司相关指标高于行业水 ...

Core Viewpoint - The company has experienced significant stock price volatility, with a cumulative increase of over 20% in three consecutive trading days, indicating abnormal fluctuations [1] Group 1: Stock Performance - From February 3 to 5, the company's stock price increased significantly, leading to a trading halt on February 6 [1] - The stock reached a cumulative increase of 33.09% over three consecutive days from February 4 to 6, which is notably higher than the index [1] Group 2: Financial Performance - For the first three quarters of 2025, the company reported revenue of 1.273 billion yuan, a year-on-year decrease of 3.62% [1] - The net profit for the same period was 188 million yuan, reflecting a year-on-year decline of 21.34% [1] Group 3: Valuation Metrics - As of February 6, the company's static and rolling price-to-earnings ratios were 32.02 and 31.57, respectively, both exceeding the industry average [1] Group 4: Investor Advisory - The company has issued a reminder to investors regarding the risks associated with trading and declining performance [1]