Core Viewpoint - The stock of Maoye Commercial Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative closing price increase of 20% over three consecutive trading days from November 24 to November 26, 2025, prompting a self-examination and confirmation of no undisclosed significant matters [2][3]. Group 1: Stock Trading Abnormality - The stock price fluctuation is classified as an abnormal trading situation according to the Shanghai Stock Exchange rules [3]. - The company conducted a self-check and confirmed that there are no undisclosed significant matters related to the stock price fluctuation [4][6]. Group 2: Business Operations - The company primarily engages in department store retail business, and its current operational status is normal with no undisclosed significant information [5]. - There are no major undisclosed events such as asset restructuring, share issuance, or significant business cooperation that could impact the company [6]. Group 3: Financial Performance - For the first three quarters of 2025, the company reported a revenue of 1.824 billion yuan, a year-on-year decrease of 14.20%, and a net profit attributable to shareholders of 41.73 million yuan, down 72.88% year-on-year [10].

Core Viewpoint - The retail sector in the A-share market is experiencing significant gains, driven by a new implementation plan aimed at enhancing consumer goods supply and demand compatibility, with ambitious targets set for 2027 [1] Group 1: Market Performance - Retail stocks such as Maoye Commercial, Guangbai Shares, and Xinhua Du have reached the daily limit of 10% increase [1] - Anfu Technology has risen over 7%, Dongbai Group over 5%, and Baida Group over 4% [1] Group 2: Policy Impact - The Ministry of Industry and Information Technology, along with other departments, has jointly issued a plan to promote consumption [1] - The plan aims for a significant optimization of the consumer goods supply structure by 2027, targeting the formation of three trillion-level consumption fields and ten hundred-billion-level consumption hotspots [1] - The initiative also focuses on creating high-quality consumer goods with cultural significance that are globally recognized [1]

每经AI快讯，茂业商业涨停，走出3连板，3天累计涨幅达33.1%。 （文章来源：每日经济新闻） ...

Core Viewpoint - Maoye Commercial announced that its stock experienced an abnormal fluctuation, with a cumulative price increase of 20% over three consecutive trading days from November 24 to November 26, 2025 [1] Summary by Relevant Sections - **Stock Performance** - The stock price of Maoye Commercial showed a cumulative increase of 20% over three trading days [1] - **Company Response** - The company conducted a self-examination and inquired with its controlling shareholder and actual controller, confirming that there are no undisclosed significant matters apart from what has already been disclosed [1]

Group 1 - The Ministry of Industry and Information Technology and five other departments issued a plan to enhance the adaptability of supply and demand for consumer goods, aiming for a significant optimization of the supply structure by 2027, with the formation of three trillion-level consumption fields and ten hundred-billion-level consumption hotspots [2] - The State Council Information Office will hold a press conference on November 27, 2025, to discuss policies related to enhancing the adaptability of supply and demand for consumer goods [2] - The National Development and Reform Commission will hold a news conference on November 27, 2025, to provide updates on relevant policies [2] Group 2 - Guangdong issued a plan to support enterprises in conducting industrial chain integration and mergers, aiming to enhance the competitive advantages of industrial clusters in the Guangdong-Hong Kong-Macao Greater Bay Area by 2027 [3] - The China Insurance Industry Association issued a risk warning regarding "Anwo Stock Insurance," clarifying that it is not an approved insurance institution and that stock investment losses are not covered by insurance [3] Group 3 - Changguang Huaxin has achieved mass production of 100G EML in the optical communication field, and 200G EML has begun sampling [5] - Shida Group noted that it has not engaged in business cooperation with Alibaba Cloud despite market rumors [6] - Jindike will not issue new quadrivalent influenza virus split vaccines this year [7] - Zhongshui Fishery reported no significant changes in its operating conditions and external environment [8] - Maoye Commercial is currently operating normally [9] - Industrial Fulian raised the upper limit for share repurchase to no more than 75 yuan per share [10] - China Iron and Steel's controlling shareholder plans to increase its stake in the company by 65 million to 130 million yuan [11] - Boda Pharmaceutical has not organized the production and sale of related influenza drugs, and it is expected that there will be no impact on the company's operating performance for a considerable period [11] - Muxi Co., Ltd. announced that the subscription date for its issuance is December 5 [11] - Pinming Technology may apply for a trading suspension if its stock continues to experience abnormal fluctuations [12]

Core Viewpoint - Maoye Commercial (600828) has experienced a significant stock price fluctuation, with a cumulative increase of 20% over three consecutive trading days [1] Group 1: Stock Performance - The stock price of Maoye Commercial showed an abnormal fluctuation, with a daily closing price increase deviation of 20% over the trading days of November 24, 25, and 26 [1] - The company has issued an announcement regarding the abnormal trading activity, indicating that it is in compliance with regulatory requirements [1] Group 2: Company Operations - Maoye Commercial is primarily engaged in the department store retail business [1] - The company has confirmed that its current production and operational status is normal, with no undisclosed significant information [1]

证券代码：600828 证券简称：茂业商业 编号：临 2025-053 号 茂业商业股份有限公司 股票交易异常波动公告 特别提示：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： ●茂业商业股份有限公司（以下简称"公司"、"本公司"）股 票于2025年11月24日、11月25日、11月26日连续三个交易日内日收盘 价格涨幅偏离值累计达到20%，根据《上海证券交易所交易规则》的有 关规定，属于股票交易异常波动。 ●经公司自查，并向公司控股股东及实际控制人书面发函询证， 截至本公告披露日，除公司已披露事项外，本公司及控股股东、实际 控制人不存在应披露而未披露的重大事项。 ●业绩下降风险：公司2025年前三季度营业收入18.24亿元，同比 下降14.20%，归属上市公司股东净利润4,173.16万元，同比下降 72.88%。详见公司于2025年10月28日在上海证券交易所网站披露的《茂 业商业2025年第三季度报告》。敬请广大投资者注意投资风险。 一、股票交易异常波动的具体情况 2025年11月24日至11月2 ...

Market Overview - The market exhibited a fragmented low-volume trading pattern, with the Shanghai Composite Index slightly down by 0.15%, while the Shenzhen Component and ChiNext Index rose by 1.02% and 2.14% respectively. Approximately 3,600 stocks declined against over 1,600 that rose, with total trading volume reaching 1.7 trillion [1][3]. AI Hardware Sector - The AI hardware sector saw significant gains, with OCS continuing to strengthen and the CPO sector experiencing a collective rise. Key stocks such as Special Information and Zhongji Xuchuang hit new highs, while others like Saimicroelectronics and Yuxi Technology also saw substantial increases [4][6][7]. Consumer Sector - The consumer sector experienced a resurgence in the afternoon following the release of a plan by six departments aimed at enhancing the adaptability of consumer goods supply and demand. This plan anticipates the formation of three trillion-level consumption areas and ten billion-level consumption hotspots by 2027. Retail stocks like Dongbai Group and Sanjiang Shopping surged, with several stocks hitting the daily limit [9][10]. Shenzhen Local Stocks - Following the announcement of a financial support plan for enterprises in Guangdong, Shenzhen local stocks initially showed little reaction but later surged in the afternoon, led by stocks like Teli A and Shenhua A. The rally was partly driven by news regarding Vanke's debt situation and restructuring plans, which sparked interest in related local stocks [12][14][15][17]. Reader Culture - Reader Culture experienced a sudden surge of over 7% in the afternoon, closing with a 5.1% increase. The rise was attributed to heightened media attention surrounding figures like Luo Yonghao, suggesting that market movements may be influenced by social media trends rather than fundamental factors [20].

茂业商业公告称，2025年11月24 - 26日，公司股票连续三个交易日内日收盘价格涨幅偏离值累计达 20%，属异常波动。经自查及向控股股东、实控人询证，除已披露事项外，无应披露未披露重大事项。 公司生产经营正常，未发现影响股价的媒体报道、传闻等。2025年前三季度，公司营收18.24亿元，同 比降14.20%，净利润4173.16万元，同比降72.88%。提醒投资者注意风险。 ...

Group 1 - A-shares opened lower on November 26 but experienced upward fluctuations, with the consumer sector seeing significant gains towards the end of the trading day, including stocks like Dongbai Group and Sanjiang Shopping reaching their daily limit [1] - The Ministry of Industry and Information Technology, along with other government bodies, issued a plan to enhance the adaptability of supply and demand for consumer goods, promoting the establishment of flagship stores and new concept stores [1] - The plan emphasizes the importance of digital technology in creating a matrix for product launches, integrating both online and offline platforms, and leveraging international exhibitions to promote domestic brands abroad [1] Group 2 - China Galaxy Securities reports that the consumer goods sector is expected to maintain a long-term recovery trend through 2025, with a rotation between new and traditional consumption driving positive returns [2] - For 2026, structural opportunities are anticipated, particularly in new channels such as snack wholesale focusing on store-based companies and upstream companies with SKU expansion potential [2] - The report highlights emerging product categories like konjac snacks and functional beverages, as well as the potential growth in health foods and convenience foods, while traditional consumer supply is gradually clearing, which may improve demand for sectors like dairy and frozen foods [2]