证券代码：600828 证券简称：茂业商业 编号：临 2025-051 号 1 表决结果：同意 9 票，反对 0 票，弃权 0 票。 茂业商业股份有限公司 第十届董事会第四十五次会议决议公告 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。 茂业商业股份有限公司（以下简称"公司"或"本公司"）第十 届董事会第四十五次会议于 2025 年 10 月 29 日以现场结合通讯方式 召开。本次会议应参与表决董事 9 人，实际参与表决董事 9 人。会议 召开符合《公司法》和《公司章程》的要求。会议由董事长高宏彪先 生主持，以记名投票方式表决，形成了如下决议： 一、审议通过了《关于豁免公司第十届董事会第四十五次会议通 知期限的议案》 公司全体董事一致同意豁免公司第十届董事会第四十五次会议 通知期限，并于 2025 年 10 月 29 日召开第十届董事会第四十五次会 议。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 二、审议通过了《关于向大连银行股份有限公司成都分行申请 6000 万元授信的议案》 董 事 会 二〇二五年十月 ...

Core Viewpoint - Maoye Commercial (600828.SH) reported a significant decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters reached 1.824 billion yuan, representing a year-on-year decrease of 14.2% [1] - The net profit attributable to shareholders was 41.7316 million yuan, down 72.88% year-on-year [1] - The basic earnings per share were reported at 0.0241 yuan [1]

Core Insights - The company reported a revenue of 560,572,237.04 yuan for the third quarter of 2025, representing a year-on-year growth of 1.55% [1] - The net profit attributable to shareholders of the listed company was 7,141,824.59 yuan, showing a significant year-on-year increase of 300.79% [1]

2025 年第三季度经营情况简报 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《上市公司行业信息披露指引第四号——零售》的要求，茂业商业股份有 限公司（以下简称"公司"）现将2025年前三季度主要经营数据披露如下： 证券代码：600828 证券简称：茂业商业 编号：临 2025-050 号 茂业商业股份有限公司 二〇二五年十月二十八日 一、2025年前三季度门店变动情况 报告期内，公司无新增门店，无关闭门店；截止本报告披露日，公司拥有各业 态零售门店合计23家。 二、2025年前三季度主要经营数据 | 单位：万元 | | --- | | 地区 | 业态 | 主营业务 | 主营业务 | 毛利率 | 主营业务 | 主营业务 | 毛利率 | 占主营业 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 收入 | 成本 | （%） | 收入同比 | 成本同比 | 同比变动（%） | 务收入比 | | | | | | | 变动（%） | 变动（%） | ...

Group 1 - The core viewpoint of the news is that Maoye Commercial reported a significant decline in its financial performance for the third quarter of 2023, with revenue and net profit both decreasing substantially compared to the previous year [1]. Group 2 - For the first three quarters of 2025, Maoye Commercial's revenue was approximately 1.824 billion yuan, representing a year-on-year decrease of 14.2% [1]. - The net profit attributable to shareholders was about 41.73 million yuan, which is a year-on-year decrease of 72.88% [1]. - The basic earnings per share were 0.0241 yuan, reflecting a year-on-year decrease of 72.86% [1]. Group 3 - As of the report, Maoye Commercial's market capitalization stood at 7 billion yuan [2].

Financial Performance - The company's operating revenue for the third quarter was ¥560,572,237.04, representing a year-on-year increase of 1.55%[5] - The total profit for the quarter was ¥5,572,845.45, with a year-to-date profit of ¥46,729,782.50, reflecting a decrease of 75.05% compared to the previous year[5] - The net profit attributable to shareholders for the quarter was ¥7,141,824.59, showing a significant increase of 300.79% year-on-year, while the year-to-date figure decreased by 72.88% to ¥41,731,591.44[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the quarter was ¥4,487,229.62, up 125.39% year-on-year, with a year-to-date decrease of 67.55%[5] - The basic earnings per share for the quarter was ¥0.0041, an increase of 310.00% year-on-year, while the year-to-date figure decreased by 72.86% to ¥0.0241[6] - The net profit for the first three quarters of 2025 is CNY 33,145,133.05, a decrease of 78.9% compared to CNY 156,966,367.37 in the same period of 2024[32] - The total revenue from operating activities for the first three quarters of 2025 is CNY 3,363,574,692.13, down 22.1% from CNY 4,318,367,165.52 in the previous year[36] - The total operating profit for the first three quarters of 2025 is CNY 47,503,634.25, down 74.7% from CNY 187,986,517.69 in the same period of 2024[32] Assets and Liabilities - The total assets at the end of the reporting period were ¥18,089,807,907.64, a decrease of 3.25% compared to the end of the previous year[6] - The equity attributable to shareholders at the end of the reporting period was ¥7,030,255,958.69, reflecting an increase of 0.78% compared to the end of the previous year[6] - As of September 30, 2025, the company's total current assets amounted to RMB 2,045,921,358.69, a slight decrease from RMB 2,053,893,062.15 on December 31, 2024[25] - The company's total liabilities as of September 30, 2025, were RMB 10,532,092,471.52, down from RMB 11,186,063,838.18 at the end of 2024[27] - The company’s non-current assets totaled RMB 16,043,886,548.95 as of September 30, 2025, down from RMB 16,643,982,680.51 at the end of 2024[26] - The company’s total equity as of September 30, 2025, was RMB 7,557,715,436.12, slightly up from RMB 7,511,811,904.48 at the end of 2024[27] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥245,029,853.16, down 69.23% compared to the previous year[5] - The net cash flow from operating activities for the first three quarters of 2025 is CNY 245,029,853.16, a decline of 69.1% compared to CNY 796,373,503.57 in the same period of 2024[37] - The company’s cash and cash equivalents as of September 30, 2025, were RMB 207,123,150.61, compared to RMB 246,530,768.21 at the end of 2024, reflecting a decrease of approximately 16%[25] - The cash and cash equivalents at the end of the third quarter of 2025 amount to CNY 176,542,672.84, compared to CNY 162,537,862.23 at the end of the same period in 2024[37] Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,264[13] - Shenzhen Maoye Commercial Co., Ltd. holds 1,401,135,188 shares, accounting for 80.90% of the total shares[14] Financing Activities - The company plans to apply for a loan of RMB 48 million from Industrial and Commercial Bank of China, with a term of 12 months, secured by a property of 7,733 square meters[15] - The company intends to apply for a comprehensive credit limit of RMB 120 million from Shanghai Pudong Development Bank, with a term of 24 months, secured by commercial properties totaling 18,766.37 square meters[16] - The company plans to borrow up to RMB 140 million from its controlling shareholder, with a term of 3 years, without any collateral or guarantees[17] - The company intends to apply for a comprehensive credit limit of RMB 300 million from China Minsheng Bank, secured by a property of 38,002.71 square meters[18] - The company plans to apply for a comprehensive credit limit of RMB 200 million from Guangfa Bank, with the loan secured by a commercial property of 38,470.86 square meters[19] - The company plans to apply for a working capital loan of RMB 100 million from Ordos Bank, with a term not exceeding one year, secured by commercial properties totaling 40,064.84 square meters[20] Management Strategy - The company emphasized its strategy of optimizing management and improving quality and efficiency, which contributed to the revenue growth despite the overall decline in profit[10] Audit and Compliance - The company has approved the renewal of the accounting firm for the 2025 financial year, continuing with Xinyong Zhonghe for financial and internal control audits[21] Other Financial Metrics - The company reported a total comprehensive income of CNY 30,476,164.18 for the first three quarters of 2025, significantly lower than CNY 175,387,549.61 in the previous year[32] - The basic and diluted earnings per share for the first three quarters of 2025 are CNY 0.0241, down 72.8% from CNY 0.0888 in the same period of 2024[32] - The company incurred financial expenses of CNY 212,037,506.21 in the first three quarters of 2025, a decrease of 16.3% from CNY 253,235,411.05 in the previous year[32] - The company reported a tax expense of CNY 13,584,649.45 for the first three quarters of 2025, a decrease of 55.3% compared to CNY 30,340,443.23 in the previous year[32]

Group 1 - The core viewpoint of the article highlights that Maoye Commercial reported a revenue of 561 million yuan in the third quarter, representing a year-on-year increase of 1.55% [1] - The net profit for the third quarter was 7.14 million yuan, showing a significant year-on-year growth of 300.79% [1] - For the first three quarters, the total revenue was 1.824 billion yuan, which reflects a year-on-year decline of 14.20% [1] - The net profit for the first three quarters was 41.73 million yuan, indicating a substantial year-on-year decrease of 72.88% [1]

Core Viewpoint - The stock of Maoye Commercial has experienced fluctuations, with a current price of 4.07 CNY per share, reflecting a year-to-date decline of 6.86% and a recent increase of 2.78% over the last five trading days [1] Financial Performance - For the first half of 2025, Maoye Commercial reported a revenue of 1.263 billion CNY, representing a year-on-year decrease of 19.73%, while the net profit attributable to shareholders was 34.59 million CNY, down 77.26% year-on-year [2] - Cumulatively, since its A-share listing, the company has distributed a total of 3.039 billion CNY in dividends over the past three years [3] Stock Market Activity - As of October 23, the stock has seen a net outflow of 4.0351 million CNY in principal funds, with significant selling pressure observed [1] - The company has appeared on the "Dragon and Tiger List" 10 times this year, with the most recent appearance on August 4, where it recorded a net buy of 2.1545 million CNY [1] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 21.64% to 28,900, while the average circulating shares per person decreased by 17.79% to 59,964 shares [2] - The fourth largest circulating shareholder is Hong Kong Central Clearing Limited, which increased its holdings by 16.984 million shares to 30.2342 million shares [3] Business Overview - Maoye Commercial, established on December 31, 1993, and listed on February 24, 1994, operates primarily in retail, with 68.60% of its revenue coming from department store sales [1] - The company is categorized under the general retail sector, with concepts including new retail, trust concepts, and low-price segments [2]

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。 证券代码：600828 证券简称：茂业商业 公告编号：临 2025-049 号 茂业商业股份有限公司 2025年第一次临时股东会决议公告 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 10 月 14 日 (二)股东会召开的地点：成都市东御街 19 号本公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 310 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,406,404,343 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 81.2019 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 会议采取现场投票与网络投票相结合的方式进行表决，由董事长高宏彪先生 主持本次股东会。公司全体董事、监事及公司聘请的见证律师出席了会议，会议 召 ...

法律意见书 北京炜衡 FT 关于茂业 2025 年第一次临时股东会 法律意见书 北京炜衡(成都)律师事务所 关于茂业商业股份有限公司 2025 年第一次临时股东会法律意见书 炜衡成都(律意)字[2025] 444(号 致:茂业商业股份有限公司 北京炜衡(成都)律师事务所(以下简称"本所")接受茂业商业股份有限公 司（以下简称"公司"）的委托,指派律师出席公司 2025 年第一次临时股东会（以 下简称"本次股东会"),并依据《中华人民共和国公司法》(以下简称"《公司 法》"）、《上市公司股东会规则》(以下简称"《股东会规则》")《律师事务 所从事证券法律业务管理办法》和《律师事务所证券法律业务执业规则(试行)》 等相关法律法规以及《茂业商业股份有限公司章程》(以下简称"《公司章程》") 的规定,出具本法律意见书。 在审查有关文件的过程中,公司已向本所保证和承诺,公司向本所律师所提供 的文件和所作的陈述和说明是完整的、真实的和有效的,有关原件及其上面的签字 和印章是真实的,且一切足以影响本法律意见书的事实和文件均已向本所披露,而 无任何隐瞒、疏漏之处。 Beijing W&H Law Firm, Chengdu ...