在数字经济蓬勃发展的当下，公司未来将依托各主流线上平台，重塑商业竞争优势。公司旗下的古今内 衣、天宝龙凤、星光摄影等品牌将依托多个主流平台发布产品内容，以生动鲜活的内容吸引消费者，增 强互动体验，提升品牌关注度。 在业务转型方面，公司将紧抓市场机遇，持续提升品牌年轻化、多元化，增加体验感。确立"分层推进 老字号焕新，全面提升市场核心竞争力"的战略目标，推动老字号品牌复苏发展。坚持"一品一策一方 案"，打造品牌联动机制，挖掘和弘扬品牌文化内涵，为老字号新赋能。组织策划、支持引导旗下品牌 参与各类展览、市场营销和品牌推广活动，运用新媒体手段，提升老字号品牌市场竞争力。 9月19日下午，益民集团（600824.SH）参加主题为"沟通传递价值 信心共筑未来"——2025年上海辖区 上市公司集体接待日暨中报业绩说明会活动。 会上，问及核心商圈（淮海路等）物业出租率和租金变化趋势、传统百货业务转型成效以及如何应对线 上消费的冲击，益民集团董事、常务副总经理孙骏表示，目前公司物业的出租率和租金和去年比较基本 平稳无明显变化； ...

Core Viewpoint - Yimin Group maintains stable rental rates and occupancy levels in key commercial areas, while focusing on brand rejuvenation and digital transformation to enhance competitiveness in the face of online retail challenges [1] Group 1: Property Performance - The occupancy rate and rental prices of the company's properties have remained stable compared to last year, showing no significant changes [1] Group 2: Business Transformation - The company aims to seize market opportunities by enhancing brand youthfulness and diversity, and increasing customer experience [1] - A strategic goal has been established to revitalize traditional brands and improve core market competitiveness through a phased approach [1] - The company will implement tailored strategies for each brand, fostering a brand linkage mechanism to explore and promote brand cultural connotations [1] Group 3: Digital Economy Strategy - In response to the booming digital economy, the company plans to leverage major online platforms to reshape its competitive advantage [1] - Brands under the company, such as Gujin Clothing, Tianbao Longfeng, and Xingguang Photography, will utilize various mainstream platforms to release product content, aiming to attract consumers with engaging content and enhance interaction [1]

上海益民商业集团股份有限公司 关于参加 2025 年上海辖区上市公司集体接待日 暨中报业绩说明会活动的公告 证券代码：600824 证券简称：益民集团 公告编号:2025-023 为充分尊重投资者，提升交流的针对性，投资者可于 2025 年 9 月 19 日（周 五）14： 00 前访问 http://ir.p5w.net/zj/进入问题征集专题页面。公司将在 本次集体接待日上，对投资者普遍关注的问题进行回答。 （问题征集专题页面二维码） 特此公告！ 上海益民商业集团股份有限公司 2025 年 9 月 16 日 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，上海益民商业集团股份有限公司 (以下 简称"公司")将参加由中国证券监督管理委员会上海监管局指导、上海上市公 司协会及深圳市全景网络有限公司联合举办的"2025 年上海辖区上市公司集体 接待日暨中报业绩说明会活动"，现将有关事项公告如下: 本次活动将采用网络远程的方式举行，投资者可登录 "全景路演"网站 (http://rs.p5w.net);或关注微信公众号(名称:全景财 ...

Core Viewpoint - Yimin Group (600824) reported a significant decline in revenue and net profit for the first half of 2025, indicating financial challenges and increased operational costs despite a rise in gross margin [1] Financial Performance - Total revenue for the first half of 2025 was 366 million yuan, a decrease of 29.03% year-on-year [1] - Net profit attributable to shareholders was 24.31 million yuan, down 43.09% compared to the previous year [1] - Gross margin improved to 47.76%, an increase of 21.01% year-on-year, while net margin decreased to 6.80%, down 17.60% [1] - Total expenses (selling, administrative, and financial) accounted for 35.46% of revenue, up 41.53% year-on-year [1][2] Cash Flow and Assets - Operating cash flow per share increased by 20.2% to 0.04 yuan, while net assets per share slightly decreased to 2.29 yuan [1] - Cash and cash equivalents decreased by 37.24% to 714 million yuan [1] Changes in Financial Items - Other receivables increased by 32.75% due to pending compensation payments [2] - Contract liabilities surged by 204.86% due to increased advance payments [2] - Accounts payable for employee compensation decreased by 75.95% as prior year liabilities were settled [2] Cost Structure - Operating costs fell by 38.75% due to reduced sales revenue [2] - Selling expenses decreased by 5.55% due to a reduction in sales personnel [2] - Management fees rose by 5.99% due to increased service and intermediary fees [3] - Financial expenses increased by 42.29% due to lower interest income from bank deposits [4] Investment and Returns - The company's return on invested capital (ROIC) was 0.93%, indicating weak capital returns [6] - Historical data shows a median ROIC of 4.16% over the past decade, with a significant loss in 2022 [6] Business Model and Strategy - The company's performance is primarily driven by marketing efforts, necessitating a deeper analysis of the underlying factors [8] - The accounts receivable situation is concerning, with accounts receivable reaching 165.16% of profit [9]

Market Performance - The primary economic sector rose by 0.76% compared to the previous trading day, with *ST Yanzhen leading the gains [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] Stock Highlights - *ST Yanzhen closed at 27.29, up 5.00% with a trading volume of 15,500 and a transaction value of 42.0171 million [1] - Other notable stocks include: - Tingwai Rongmi at 16.67, up 4.51% with a trading volume of 148,900 and a transaction value of 245 million [1] - Kairun Co., Ltd. at 23.43, up 4.18% with a trading volume of 48,500 and a transaction value of 113 million [1] - Wushang Group at 11.52, up 1.23% with a trading volume of 405,700 and a transaction value of 459 million [1] Capital Flow Analysis - The primary economic sector experienced a net outflow of 136 million from main funds, while retail investors saw a net inflow of 154 million [2] - The capital flow for individual stocks shows: - Wushang Group had a net inflow of 23.7578 million from main funds, but a net outflow of 17.1747 million from speculative funds [3] - Yimin Group had a net inflow of 12.2702 million from main funds, with a net outflow of 3.8982 million from speculative funds [3] - *ST Yanzhen had a net inflow of 3.6343 million from main funds, with a net outflow of 4.1877 million from retail investors [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 公司代码：600824 公司简称：益民集团 第一节 重要提示 1.1本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划，投资者应当到www.sse.com.cn网站仔细阅读半年度报告全文。 1.2本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 1.3公司全体董事出席董事会会议。 1.4本半年度报告未经审计。 1.5董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 第二节 公司基本情况 2.1公司简介 ■ 2.2主要财务数据 单位：元 币种：人民币 ■ 2.3前10名股东持股情况表 单位: 股 ■ 2.4截至报告期末的优先股股东总数、前10名优先股股东情况表 □适用 √不适用 2.5控股股东或实际控制人变更情况 □适用 √不适用 2.6在半年度报告批准报出日存续的债券情况 □适用 √不适用 第三节 重要事项 公司应当根据重要性原则，说明报告期内公司经营情况的重大变化，以及报告期内发生的对公司经营情 况有重大影响和预计 ...

Core Viewpoint - The board of directors of Shanghai Yimin Commercial Group Co., Ltd. convened its eighth meeting of the tenth session on August 22, 2025, to review and approve the company's 2025 semi-annual report and to revise and add certain governance systems [1][2][4] Group 1: Semi-Annual Report - The board unanimously approved the "2025 Semi-Annual Report" and its summary, with all seven directors voting in favor [1] - The report was previously reviewed and approved by the board's audit committee during its fifth meeting in 2025 [1] Group 2: Governance System Revisions - The board approved the proposal to revise and add certain governance systems to enhance the company's governance structure and internal management mechanisms [2] - The specific governance systems revised or added include: - Implementation rules for the board's nomination committee - Implementation rules for the board's strategy committee - Implementation rules for the board's remuneration and assessment committee - Annual report work regulations for the audit committee - Management system for information disclosure affairs - Internal management system for deferring and exempting information disclosure - Accountability system for major errors in annual report information disclosure - Management system for insiders and external users of confidential information - Working system for special meetings of independent directors [2][4] - These revised and newly added systems will take effect upon approval by the board and do not require submission to the shareholders' meeting [4]

Group 1 - The company reported a total of 23 new stores opened and 39 stores closed in the first half of 2025, resulting in a total of 798 stores at the end of the reporting period [1] - The total area of the stores at the end of the reporting period is 42,501.70 m², with 36,693,894.54 yuan in revenue from the Tianbao Longfeng brand, which saw a 55.13% decrease compared to the previous year [2] - The gross profit margin for the Gujin underwear brand increased by 16 percentage points to 59.63%, despite a revenue decrease of 37.69% to 131,558,187.81 yuan [2] Group 2 - There are no signed but unopened stores or counters as of the end of the reporting period [1] - The company operates under various brands, with significant changes in revenue and gross profit margins across its business segments [2]

Core Viewpoint - Shanghai Yimin Commercial Group Co., Ltd. reported a significant decline in revenue and profit for the first half of 2025, primarily due to decreased sales in its main business segments, including lingerie and gold jewelry [2][6]. Company Overview and Financial Indicators - The company’s total revenue for the first half of 2025 was approximately CNY 366.33 million, a decrease of 29.03% compared to CNY 516.18 million in the same period last year [2]. - Total profit for the period was CNY 36.55 million, down 34.69% from CNY 55.96 million year-on-year [2]. - Net profit attributable to shareholders was CNY 24.31 million, reflecting a 43.09% decline from CNY 42.71 million in the previous year [2]. - The company’s net assets at the end of the reporting period were CNY 2.42 billion, a slight increase of 0.22% from CNY 2.41 billion at the end of the previous year [2]. Business Segments and Performance - The company operates in various sectors, including retail, property leasing, and hospitality, with a focus on lingerie, gold jewelry, and other consumer goods [3][4]. - The retail segment generated CNY 200.31 million in revenue, down 5.99% year-on-year, with a gross margin of 35.47% [6]. - The wholesale segment saw a dramatic decline in revenue, dropping 82.84% to CNY 25.11 million, but its gross margin improved to 35.55% [6]. - Property leasing revenue was CNY 116.48 million, down from CNY 133.18 million, with a gross margin of 64.90% [6]. Strategic Initiatives - The company is actively implementing a brand revitalization strategy for its time-honored brands, aiming to enhance market competitiveness through targeted marketing and cultural promotion [4][5]. - Collaboration with educational institutions for design and training is being pursued to strengthen brand development and innovation [4]. - The company is also focusing on enhancing its online sales channels and integrating various retail formats to adapt to changing consumer behaviors [3][4]. Cash Flow and Investment Activities - The net cash flow from operating activities was CNY 42.78 million, an increase of 20.20% compared to CNY 35.59 million in the previous year [2][7]. - Investment activities resulted in a net cash outflow of CNY 124.23 million, reflecting a decrease in the net increase of idle funds deposited in bank time deposits [7][8]. Subsidiaries and Market Position - The company has several subsidiaries, including Shanghai Gujin Underwear Group Co., Ltd. and Shanghai Tianbao Longfeng Jewelry Co., Ltd., which contribute significantly to its overall performance [9]. - The company maintains a strong brand presence in the retail market, particularly in Shanghai, with a focus on enhancing brand influence and consumer engagement through various promotional activities [5][9].

Core Points - The report summarizes the semi-annual performance of Shanghai Yimin Commercial Group Co., Ltd. for the year 2025, highlighting significant changes in financial metrics compared to the previous year [1][3]. Financial Summary - Total assets at the end of the reporting period amounted to CNY 2,853,205,075.33, reflecting a decrease of 0.62% from the previous year's total assets of CNY 2,870,900,662.96 [1]. - The net assets attributable to shareholders of the listed company increased slightly by 0.22%, reaching CNY 2,417,056,045.09 compared to CNY 2,411,719,341.67 at the end of the previous year [1]. - Operating revenue for the reporting period was CNY 366,326,951.67, showing a significant decline of 29.03% from CNY 516,184,656.36 in the same period last year [1]. - Total profit decreased by 34.69%, amounting to CNY 36,545,739.08 compared to CNY 55,955,282.75 in the previous year [1]. - The net profit attributable to shareholders was CNY 24,309,190.73, down 43.09% from CNY 42,712,149.76 in the previous year [1]. - The basic and diluted earnings per share were both CNY 0.023, representing a decrease of 43.90% from CNY 0.041 [1]. Shareholder Information - As of the end of the reporting period, the total number of shareholders was 66,571 [1]. - The top shareholder, Shanghai Huaihai Commercial (Group) Co., Ltd., holds a significant stake, while other notable shareholders include Shanghai Essen Chemical Co., Ltd. and Zhu Shujie [1][2].