Market Overview - The Shanghai Composite Index closed at 3615.72 points, above the five-day moving average, with a change of 0.17% [1] - The total trading volume of A-shares reached 1,870.976 billion yuan [1] Stocks Breaking the Five-Day Moving Average - A total of 370 A-shares have surpassed the five-day moving average today [1] - Notable stocks with significant deviation rates include: - Shiyan Institute (设研院) with a deviation rate of 15.41% and a daily increase of 20.00% [2] - *ST Yun Chuang (*ST云创) with a deviation rate of 12.66% and a daily increase of 28.14% [2] - Zhenan Technology (震安科技) with a deviation rate of 9.13% and a daily increase of 11.29% [2] - Other stocks with smaller deviation rates include: - Guoyao Co. (国药股份), Jintour Environment (劲旅环境), and Triangle Tire (三角轮胎), which have just crossed the five-day moving average [1] Detailed Stock Performance - The following stocks have notable performance metrics: - Shiyan Institute (300732): Latest price 10.62 yuan, five-day moving average 9.20 yuan, turnover rate 19.58% [2] - *ST Yun Chuang (835305): Latest price 18.08 yuan, five-day moving average 16.05 yuan, turnover rate 22.46% [2] - Zhenan Technology (300767): Latest price 15.18 yuan, five-day moving average 13.91 yuan, turnover rate 18.77% [2] - Additional stocks with significant performance include: - *ST Tianwei (688511): Latest price 20.59 yuan, five-day moving average 19.14 yuan, daily increase of 10.34% [2] - Shenma Electric (603530): Latest price 29.23 yuan, five-day moving average 27.21 yuan, daily increase of 10.01% [2]

Group 1 - A-share retail stocks experienced a significant rally, with Maoye Commercial hitting the daily limit up and Dalian Friendship rising over 9% [1] - The Politburo meeting emphasized the need to effectively unleash domestic demand potential, which is likely to support retail sector growth [1] Group 2 - Notable stock performances include: - Maoye Commercial: up 10.10%, market cap of 7.551 billion [2] - Dalian Friendship: up 9.14%, market cap of 4.042 billion, with a year-to-date increase of 73.39% [2] - Hongqi Chain: up 5.43%, market cap of 8.446 billion, year-to-date increase of 7.18% [2] - Guofang Group: up 3.83%, market cap of 7.406 billion, year-to-date increase of 90.53% [2] - Other stocks such as Nanning Department Store, Guangbai Shares, and Zhongxing Commercial also showed positive movements [2] - The MACD golden cross signal formation indicates a strong upward trend for these stocks [2]

Group 1 - The core point of the announcement is that the controlling shareholder, Shenzhen Maoye Department Store Co., Ltd., has released part of its pledged shares in Maoye Commercial Co., Ltd. [2] - The controlling shareholder and its concerted parties hold a total of 1,497,380,497 shares, accounting for 86.45% of the total share capital of the listed company [2] - After the release of the pledge, the total number of pledged shares held by the controlling shareholder and its concerted parties is 379,370,000 shares, which represents 25.34% of their total holdings and 21.90% of the company's total share capital [2] Group 2 - The company has been notified that the controlling shareholder has completed the registration procedures for the release of part of its unrestricted circulating shares [2] - The financial condition of the controlling shareholder is good, with the ability to repay funds and manage risks, indicating no risk of forced liquidation [2] - The company will continue to monitor the pledge and release situation of the controlling shareholder and its concerted parties, fulfilling its information disclosure obligations as required [2]

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： 证券代码：600828 证券简称：茂业商业 公告编号：临 2025-037 号 茂业商业股份有限公司 关于控股股东部分股份解除质押的公告 特此公告 茂业商业股份有限公司 1、本次交易的基本情况 | 股东 | 初始 | 到期 | 实际 | 质权人 | 交易数量 | | --- | --- | --- | --- | --- | --- | | 名称 | 交易日 | 购回日 | 购回日 | | （股） | | 股东名称 | 茂业商厦 | | --- | --- | | 本次解除质押股份 | 29,010,000 股 | | 占其所持股份比例 | 2.07% | | 占茂业商业总股本比例 | 1.67% | | 解除质押时间 | 2025 年 7 月 24 日 | | 持股数量 | 1,401,135,188 股 | | 持股比例 | 80.90% | | 剩余被质押（被冻结）股份数量 | 379,370,000 股 | | 剩余被质押（被冻结）股份数 ...

Core Viewpoint - The company has issued a correction announcement regarding the guarantee provided for its subsidiary's loan application, clarifying the details of the loan and the guarantee agreement with the bank [1][2]. Group 1: Loan Details - The company’s board of directors approved a loan application by Inner Mongolia Maoye Group to Ordos Bank for a total amount of RMB 100 million, with a single loan term not exceeding one year [1]. - The board also agreed that Inner Mongolia Maoye Group and its wholly-owned subsidiary would provide partial asset collateral for the loan [1]. Group 2: Guarantee Agreement - The company signed a guarantee contract with Ordos Bank to provide joint liability guarantee for the loan application, with the maximum principal limit for the guarantee set at RMB 100 million [1]. - The guarantee period is established for three years from the expiration of the debt performance period as stipulated in the main contract [1]. Group 3: Correction and Apology - The company expressed its apologies for any inconvenience caused to investors due to the correction and requested understanding from the investors [2].

茂业商业股份有限公司 2025 年 7 月 10 日，公司第十届董事会第四十一次会议以 9 票 同意、0 票反对、0 票弃权审议通过了《关于为控股子公司提供担 保的议案》，公司董事会同意内蒙古茂业集团向鄂尔多斯银行申请 流动资金贷款，额度为人民币 10,000 万元，单笔借款期限不超过 一年，并同意内蒙古茂业集团以及其全资子公司以其部分资产提供 抵押担保。同时，公司与内蒙古银行签订相关担保合同，为内蒙古 茂业集团向其申请的贷款提供连带责任保证担保，本次担保最高本 金限额为人民币 10,000 万元，保证期间为主合同约定的债务履行 期限届满之日起 3 年。 证券代码：600828 证券简称：茂业商业 公告编号：临 2025-036 号 关于为控股子公司提供担保的更正公告 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。 茂业商业股份有限公司（以下简称"公司"）于 2025 年 7 月 11 日披露了《关于为控股子公司提供担保的公告》（公告编号：临 2025-034 号）,该公告部分内容表述有误，现更正如下： 更正前： 五、董事会意 ...

[Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company forecasts a significant decline in its first-half 2025 performance, with attributable net profit expected to decrease by 69% to 79% 2025 H1 Performance Forecast | Metric | 2025 H1 Forecast | Change from Prior Year Period | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | 31.42 million yuan - 47.13 million yuan | Decrease 104.97 million yuan - 120.68 million yuan | -69.01% to -79.34% | | **Net Profit Attributable to Shareholders (Excluding Non-recurring Items)** | 31.92 million yuan - 47.63 million yuan | Decrease 83.42 million yuan - 99.13 million yuan | -63.66% to -75.64% | [Review of Prior Year Period Performance](index=2&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5) This section reviews the prior year's first-half performance, including attributable net profit of 152 million yuan and EPS of 0.0878 yuan 2024 H1 Performance | Metric | 2024 H1 Amount | | :--- | :--- | | Total Profit | 202.57 million yuan | | Net Profit Attributable to Shareholders | 152.10 million yuan | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 131.05 million yuan | | Earnings Per Share | 0.0878 yuan | [Reasons for Performance Decline and Future Outlook](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%87%8F%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The performance decline is due to weak retail consumption and strategic store upgrades, with future strategies focusing on experiential formats and digital transformation - External Factor: The retail department store industry remains in a bottoming-out phase, with overall consumer momentum and willingness not fully recovered, leading to a year-on-year decline in operating revenue[7](index=7&type=chunk) - Internal Factor: To address industry challenges, the company proactively upgraded and transformed existing stores, which had a short-term impact on performance[7](index=7&type=chunk) - Future Strategy: The company plans three key initiatives to boost business: 1) Continuous upgrades and transformations, adding experiential formats like dining, leisure, and night economy; 2) Optimizing brands and categories, introducing trendy elements; 3) Advancing digital transformation to integrate online and offline businesses for dual-direction traffic[7](index=7&type=chunk)[8](index=8&type=chunk) [Risk Warning](index=3&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company confirms no significant uncertainties affect the accuracy of this performance forecast - The company states there are no significant uncertainties affecting the accuracy of this performance forecast[9](index=9&type=chunk) [Other Explanations](index=3&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E%E4%BA%8B%E9%A1%B9) The company clarifies that the disclosed performance data is preliminary, with final accurate figures subject to the official 2025 semi-annual report - This forecast data is preliminary, and the final financial data will be subject to the company's officially disclosed 2025 semi-annual report[10](index=10&type=chunk)

Core Viewpoint - The company, Maoye Commercial (600828), anticipates a significant decline in net profit for the first half of 2025 compared to the previous year, indicating potential challenges ahead for its financial performance [1] Financial Performance Summary - The estimated net profit attributable to shareholders for the first half of 2025 is projected to be between 31.42 million and 47.13 million yuan, representing a decrease of 105 million to 121 million yuan year-on-year, which translates to a decline of 69.01% to 79.34% [1] - The expected net profit, excluding non-recurring gains and losses, is estimated to be between 31.92 million and 47.63 million yuan, reflecting a reduction of 83.42 million to 99.13 million yuan compared to the same period last year, resulting in a year-on-year decrease of 63.66% to 75.64% [1]

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。 重要内容提示： 担保对象及基本情况 证券代码：600828 证券简称：茂业商业 公告编号：临 2025-034 号 茂业商业股份有限公司 关于为控股子公司提供担保的公告 | | 被担保人名称 | | | 内蒙古茂业百货（集团）有限公司 | | --- | --- | --- | --- | --- | | 担保 | 本次担保金额 | 10,000 | 万元 | | | 对象 | 实际为其提供的担保余额 | 15,000 | 万元 | | | | 是否在前期预计额度内 | □是 | ☑否 | □不适用：______ | | | 本次担保是否有反担保 | □是 | ☑否 | □不适用：______ | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 | 156,323 | | 子公司对外担保总额（万元） | | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 22.41 | | 资产 | □ ...

Group 1 - The controlling shareholder, Shenzhen Maoye Department Store Co., Ltd. (Maoye Department Store), holds a total of 1,497,380,497 shares, accounting for 86.45% of the company's total share capital [2] - After the recent pledge and release of shares, Maoye Department Store and its concerted parties have pledged a total of 408,380,000 shares, which represents 29.15% of their total holdings and 23.58% of the company's total share capital [2] - Maoye Department Store has pledged 89,200,000 shares to Haitong Asset Management for daily operational turnover, with the pledge registration completed through the China Securities Depository and Clearing Corporation [3] Group 2 - The cumulative pledged shares by Maoye Department Store and its concerted parties are detailed, indicating a stable financial situation [4] - Maoye Department Store has also released a portion of its pledged shares, with the relevant registration procedures completed [4] - The company confirms that Maoye Department Store has a good credit status and repayment capability, with no risk of forced liquidation, and the pledge will not affect the company's control or operations [5]