本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、误导 性陈述或者重大遗漏负连带责任。 根据《上市公司行业信息披露指引第五号——零售》等文件要求， 上海益民商业集团股份有限公司（以下简称"公司"）现将 2025 年 三季度主要子公司门店情况披露如下： 二、报告期拟增加门店情况： 截止本报告期末，公司所属主要子公司不存在已签约但尚未开业 的门店。 一、2025 年第三季度公司所属主要子公司门店变动情况： 品牌 经营业态 本报告期新开门店 本报告期关闭门店 期末门店 门店 家数 建筑面积 (m 2) 门店 家数 建筑面积 (m 2) 门店 家数 建筑面积 (m 2) 古今 内衣 直营 21 1123.75 67 2884.76 337 17858.64 加盟 11 380.00 2 65.00 437 23261.20 小计 32 1503.75 69 2949.76 774 41119.84 天宝 龙凤 直营 0 0.00 0 0.00 1 576.00 加盟 0 0.00 0 0.00 2 160.00 小计 0 0.00 0 0.00 3 736.00 合计 直营 21 1123.75 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥140,721,532.16, a decrease of 27.95% compared to the same period last year[3] - The total profit for the year-to-date period was -¥2,143,658.69, with a year-on-year decline of 33.55%[3] - The net profit attributable to shareholders was -¥5,094,443.53, reflecting a significant decrease of 46.39% year-on-year[3] - The basic earnings per share for the year-to-date period was -¥0.005, down 47.06% compared to the previous year[3] - Total operating revenue for the first three quarters of 2025 was CNY 507.05 million, a decrease of 28.7% compared to CNY 711.50 million in the same period of 2024[15] - Net profit for the first three quarters of 2025 was CNY 19.82 million, a decline of 44.5% compared to CNY 35.67 million in 2024[16] - Operating profit for the first three quarters of 2025 was CNY 36.82 million, a decrease of 31.5% from CNY 53.70 million in 2024[15] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.018, down from CNY 0.034 in 2024[16] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,827,588,304.69, a decrease of 1.51% from the end of the previous year[3] - As of September 30, 2025, total assets amounted to CNY 2,827,588,304.69, a slight decrease from CNY 2,870,900,662.96 as of December 31, 2024[12] - Current assets totaled CNY 1,688,563,685.13, showing a marginal increase from CNY 1,665,330,114.19 in the previous period[12] - Total liabilities decreased to CNY 420,579,687.73 from CNY 464,755,785.64, indicating a reduction in financial obligations[13] - The company's total equity stood at CNY 2,407,008,616.96, slightly up from CNY 2,406,144,877.32[13] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥62,009,588.73, a decrease of 13.01%[3] - Cash flow from operating activities for the first three quarters of 2025 was CNY 62.01 million, down 13.0% from CNY 71.28 million in 2024[17] - Cash flow from investing activities for the first three quarters of 2025 was negative CNY 109.17 million, an improvement from negative CNY 469.18 million in 2024[18] - The company reported a total cash inflow from operating activities of CNY 581.18 million, compared to CNY 857.85 million in the previous year[17] - Cash and cash equivalents at the end of the first three quarters of 2025 were CNY 722.45 million, slightly up from CNY 713.91 million in 2024[18] Shareholder Information - The company had a total of 58,035 common shareholders at the end of the reporting period[8] - The largest shareholder, Shanghai Huaihai Commercial (Group) Co., Ltd., held 39.04% of the shares[8] - The company reported a total of 4,417,000 shares held by major shareholders, with no changes in the top 10 shareholders[10] Operational Insights - The decline in net profit was primarily due to reduced revenue and gross profit in the retail and leasing sectors[6] - The company's cash and cash equivalents were CNY 722,653,853.84, down from CNY 816,176,334.10[12] - Accounts receivable increased to CNY 63,762,329.34 from CNY 55,740,824.61, reflecting improved collection efforts[12] - Inventory decreased to CNY 290,590,709.88 from CNY 303,426,947.68, suggesting better inventory management[12] - Non-current assets totaled CNY 1,139,024,619.56, down from CNY 1,205,570,548.77, indicating a reduction in long-term investments[12] - The company has not disclosed any significant new strategies or product developments during the reporting period[10] - The company has not adopted new accounting standards or interpretations affecting the financial statements for the year[19]

Group 1 - The core point of the article is that Yimin Group reported a significant decline in revenue and net profit for the third quarter and the first three quarters of the year [1] Group 2 - For the third quarter, the company's revenue was 141 million yuan, representing a year-on-year decrease of 27.95% [1] - The net profit for the third quarter was a loss of 5.0944 million yuan [1] - For the first three quarters, the total revenue was 507 million yuan, showing a year-on-year decline of 28.74% [1] - The net profit for the first three quarters was 19.2147 million yuan, which is a year-on-year decrease of 46.39% [1]

Core Insights - The primary focus of the article is the performance of the initial public offering (IPO) sector, which saw a rise of 1.74% on October 15, with *ST Yazhen leading the gains [1] Market Performance - The Shanghai Composite Index closed at 3912.21, up 1.22% - The Shenzhen Component Index closed at 13118.75, up 1.73% [1] Individual Stock Performance - *ST Yazhen (603389) closed at 40.99, with a gain of 4.99% and a trading volume of 40,700 shares, amounting to a transaction value of 166 million yuan - Kai Run Co., Ltd. (300577) closed at 23.45, up 3.30%, with a trading volume of 20,800 shares and a transaction value of 48.34 million yuan - Da Feng Industrial (603081) closed at 13.79, up 2.38%, with a trading volume of 200,600 shares and a transaction value of 275 million yuan - Other notable stocks include Miao Exhibition (300795), Lan Sheng Co., Ltd. (600826), and Yao Wang Technology (002291), all showing positive gains [1] Capital Flow Analysis - The IPO sector experienced a net inflow of 53.37 million yuan from institutional investors, while retail investors saw a net outflow of 41.81 million yuan - Notable stocks with significant capital inflows include Yao Wang Technology (002291) with a net inflow of 28.81 million yuan from institutional investors and Lan Sheng Co., Ltd. (600826) with a net inflow of 14.42 million yuan [2]

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 rental rates and occupancy levels of the company's properties are stable and show no significant changes compared to last year [1] Group 2: Business Transformation - The company aims to seize market opportunities by enhancing brand youthfulness and diversity, and increasing consumer experience [1] - A strategic goal has been established to rejuvenate time-honored brands and enhance core market competitiveness [1] - The company will implement tailored strategies for each brand to promote brand culture and enhance market competitiveness [1] Group 3: Digital Economy Strategy - The company plans to leverage major online platforms to reshape its commercial 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 and engage consumers [1]

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]

Core Viewpoint - The company has released its 2025 semi-annual report, ensuring the accuracy and completeness of the information provided, and has made decisions regarding governance and store operations [1][2][6]. Group 1: Company Overview - The company is Shanghai Yimin Commercial Group Co., Ltd., with stock code 600824 [2]. - The board of directors guarantees the authenticity and completeness of the semi-annual report [1][2]. Group 2: Financial Data - The semi-annual report includes key financial data, although specific figures are not detailed in the provided text [1]. - The report has not been audited [1]. Group 3: Governance and Management - The board meeting on August 22, 2025, was attended by all seven directors, and the meeting followed legal and procedural requirements [2][3]. - The board approved the semi-annual report and a proposal to revise and add certain governance systems to enhance internal management [4]. Group 4: Store Operations - As of the report date, there are no signed but unopened stores among the company's major subsidiaries [6]. - The company plans to increase the number of stores, although specific details are not provided in the text [6].