证券日报网讯百联股份（600827）10月31日在互动平台回答投资者提问时表示，股价的波动变化受二级 市场多种因素影响。公司始终坚持做好主营业务，提升经营质量，努力为投资者创造良好回报。 ...

Market Overview - The Shanghai Composite Index fell by 0.81% on October 31, with 16 industries experiencing gains, led by the pharmaceutical and media sectors, which rose by 2.42% and 2.39% respectively [1] - The retail trade sector ranked third in terms of daily gains, while the telecommunications and electronics sectors saw the largest declines, with drops of 4.07% and 3.06% respectively [1] Capital Flow Analysis - The net outflow of capital from the two markets reached 62.903 billion yuan, with 13 industries experiencing net inflows [1] - The pharmaceutical sector had the highest net inflow of capital, totaling 4.494 billion yuan, followed by the media sector with a net inflow of 4.029 billion yuan [1] - The electronics sector faced the largest net outflow, amounting to 28.762 billion yuan, followed by the telecommunications sector with a net outflow of 11.113 billion yuan [1] Retail Sector Performance - The retail trade sector increased by 2.08% with a net capital inflow of 801 million yuan, where 79 out of 97 stocks in the sector rose [2] - Among the stocks with significant net inflows, Xiaogongmian City led with an inflow of 208 million yuan, followed by Supply and Marketing Daji and Jiangsu Guotai with inflows of 146 million yuan and 113 million yuan respectively [2] - The stocks with the highest net outflows included Bubugao, He Bai Group, and Bailian Group, with outflows of 57.659 million yuan, 26.676 million yuan, and 26.416 million yuan respectively [2]

一、基本情况概述 股票简称：百联股份 百联 B 股 证券代码： 600827 900923 编号：临 2025-045 上海百联集团股份有限公司 关于土地收储的进展公告 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。 公司于2025年6月5日召开第十届董事会第十三次会议及2025年6月26日召开的2024 年年度股东大会审议通过《关于土地收储的议案》，同意公司与上海市杨浦区土地储备 中心（以下简称"杨浦区土储中心"）签订《上海市杨浦区国有土地收回补偿合同》， 对公司位于共青路435号、共青路295号、共青路310、210号三幅地块实施收储。具体 内容详见公司于2025年6月6日披露的《上海百联集团股份有限公司关于土地收储的公 告》（临2025-027）。公司于7月16日与杨浦区土储中心签订了《上海市杨浦区国有土地 收回补偿合同》，具体详见公司于2025年7月17日披露的《上海百联集团股份有限公司 关于土地收储的进展暨签订土地补偿合同的公告》（临2025-034）。公司于8月4日收到 三幅地块的首次补偿款，具体详见公司于2025 ...

Group 1 - The company, Bailian Co., Ltd. (SH 600827), announced its 16th meeting of the 10th Board of Directors held on October 30, 2025, via teleconference, where the Q3 2025 report was reviewed [1] - For the first half of 2025, the company's revenue composition was as follows: chain supermarket business accounted for 77.56%, chain department store business accounted for 19.12%, professional chain accounted for 3.01%, and others accounted for 0.31% [1]

Group 1: Financial Performance - In Q3 2025, the company reported revenue exceeding 5.797 billion yuan, with a year-on-year growth of 25.88% in net profit attributable to shareholders after deducting non-recurring items [1] - For the first three quarters of the year, the core business segments, including department stores and shopping centers, generated revenues of 2.358 billion yuan and 1.128 billion yuan respectively, with the outlet segment achieving both revenue and gross margin growth [1] Group 2: Strategic Initiatives - The company is actively aligning with national policies to promote the "first release economy," focusing on creating differentiated competitive advantages through diverse first-store economies, IP collaborations, and innovative scenarios [2] - The launch of various first stores, such as the national first store of the niche outdoor brand ACMEITEM and the self-operated supermarket "Pin Shang Sheng Huo," has attracted significant customer traffic, with the latter seeing 25,000 visitors on its opening day [2] Group 3: Targeting Youth Market - The company is tapping into the Z-generation market by engaging in the "Guzi economy," which focuses on the collection and trading of anime and gaming IP-related products, thus connecting emotional engagement with consumption [3] - During the "Shanghai Summer International Animation Month," the company organized a large-scale ACGN exhibition, resulting in significant sales growth of 31% and 131% for its themed venues, with customer traffic increasing by 14% and 238% respectively [3] Group 4: Consumer Engagement and Ecosystem - Consumers holding tickets from major anime exhibitions can redeem exclusive electronic vouchers at the company's partnered stores, enhancing customer flow and consumption conversion across different business segments [4] - The company emphasizes that its core competitiveness has shifted from mere product sales to creating immersive experiences, cultural resonance, and upgraded consumer experiences, aiming to build a new urban consumption ecosystem [4]

Group 1 - The core point of the article is that Bailian Co., Ltd. (600827.SH) reported a significant decline in both revenue and net profit for the first three quarters of 2025 [1] Group 2 - The total operating revenue for the first three quarters reached 19.054 billion yuan, representing a year-on-year decrease of 11.86% [1] - The net profit attributable to shareholders of the parent company was 295 million yuan, down 81.78% year-on-year [1] - The basic earnings per share were reported at 0.1654 yuan [1]

Core Viewpoint - Bailian Group is a leading retail enterprise in China, with strong brand influence and extensive offline store resources, achieving the highest revenue in the industry for Q3 2025 [2][6]. Group 1: Business Performance - In Q3 2025, Bailian Group's revenue reached 19.054 billion, ranking first among 15 companies in the industry, significantly higher than the second-ranked Chongqing Department Store at 11.63 billion [2]. - The revenue composition includes 10.283 billion from chain supermarkets (77.56%), 2.534 billion from department stores (19.12%), and 399 million from specialty chains (3.01%) [2]. - The net profit for the same period was 264 million, ranking third in the industry, with Chongqing Department Store leading at 1 billion [2]. Group 2: Financial Ratios - As of Q3 2025, Bailian Group's debt-to-asset ratio was 60.64%, down from 62.35% year-on-year but still above the industry average of 52.55% [3]. - The gross profit margin was 24.81%, slightly down from 25.38% year-on-year and below the industry average of 31.16% [3]. Group 3: Executive Compensation - The chairman, Zhang Shenyu, received a salary of 1.9301 million in 2024, an increase of 50,600 from 2023 [4]. - The general manager, Cao Hailun, earned 1.3503 million in 2024, up by 402,500 from the previous year [4]. Group 4: Shareholder Information - As of September 30, 2022, the number of A-share shareholders decreased by 5.60% to 72,700, while the average number of shares held per shareholder increased by 5.93% to 22,100 [5]. - The top ten circulating shareholders saw reductions in holdings, with Hong Kong Central Clearing Limited holding 10.3933 million shares, down by 10.4994 million [5]. Group 5: Future Outlook - Guotai Junan Securities forecasts Bailian Group's EPS for 2025-2027 to be 0.27 (+0.01), 0.30, and 0.35 yuan, respectively, with a target price of 12.15 yuan based on a 45x PE ratio, higher than the industry average [6]. - Key business highlights include resilient outlet operations, with H1 2025 outlet revenue at 794 million, up 3.87% year-on-year, and a gross margin of 78.61% [6].

Core Insights - BAILIAN reported a revenue of over 5.797 billion yuan in Q3 2025, with a year-on-year net profit growth of 25.88% [1] - The company's core business segments, including department stores and shopping centers, generated revenues of 2.358 billion yuan and 1.128 billion yuan respectively in the first three quarters of the year [1] - The implementation of the "Special Action Plan to Boost Consumption" has positively impacted the consumer market, enhancing Shanghai's position as an international consumption center [1] Group 1: Business Performance - In Q3 2025, BAILIAN's revenue exceeded 5.797 billion yuan, with a net profit growth of 25.88% year-on-year [1] - For the first three quarters, the core business segments of department stores and shopping centers achieved revenues of 2.358 billion yuan and 1.128 billion yuan respectively, with the outlet segment showing both revenue and gross margin growth [1] Group 2: Market Initiatives - BAILIAN launched the "BAILIAN VIBE・Cool Summer Festival" as part of the Shanghai Summer International Consumption Season, focusing on the integration of commerce, tourism, and sports [2] - The "2025 Play Sports Season" was introduced to capitalize on summer sports consumption trends, featuring various themed events to convert sports enthusiasm into consumer spending [2] Group 3: Consumer Experience Enhancements - BAILIAN is leveraging the "ticket root economy" to create a diverse cultural and tourism consumption ecosystem, collaborating with major events to offer exclusive benefits to consumers [3] - The company has established a "buy and refund immediately" tax refund point for outbound tourists, significantly enhancing the shopping experience [3] - In July, the number of tax refund transactions at BAILIAN's first department store increased by 611.36%, with the transaction amount rising by 313.97% year-on-year [3] Group 4: Future Outlook - BAILIAN aims to continue exploring diversified, innovative, and composite business models to expand consumer boundaries and enhance shopping experiences [4] - The company is committed to supporting Shanghai's development as a globally influential sports event hub and international consumption center [4]

上海百联集团股份有限公司 2025 年 1-3 季度经营数据公告 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。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露：第四号 ——零售》的要求，现将公司 2025 年 1-3 季度主要经营数据披露如下： | 地区 | 业态 | 报告期内新开门店 | | 报告期内关闭门店 | | | --- | --- | --- | --- | --- | --- | | | | 门店家数 | 经营面积 | 经营面积 门店家数 | | | | | | （平方米） | （平方米） | | | 华东地区 | 超级市场 | 112 | 52,323.65 | 90 | 48,988.40 | | | 便利店 | 13 | 640.14 | 55 | 2,471.72 | | | 专业专卖 | 1 | 54.86 | 3 | 241 | | | 小计 | 126 | 53,018.65 | 148 | 51,701.12 | | | 超级市场 | 4 | 3,370.00 | - | - ...

股票简称：百联股份 百联 B 股 证券代码： 600827 900923 编号：临 2025-044 上海百联集团股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 内容提示： 上海百联集团股份有限公司（以下简称"公司"）于 2025 年 10 月 31 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财 务状况，公司计划于 2025 年 11 月 12 日 （星期三）10:00-11:00 举行 2025 年第三季度业 绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 总经理曹海伦先生；财务总监、董事会秘书杨琴女士；独立董事蒋青云先生。 四、 投资者参加方式 本次业绩说明会以网络互动形式召开，公司将针对 2025 年第三季度的经营成果及财务 指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内就投资者普遍关注 的问题进行回答。 二、 说明会召开的时间、地点 三、 参加人员 会议召开时间：20 ...