Core Viewpoint - The financial performance of Maoye Commercial (600828.SH) in Q1 2025 shows significant declines in both revenue and net profit, raising concerns about the recovery prospects of the traditional retail industry [1][2]. Financial Performance - The company's revenue for Q1 2025 was 641 million yuan, a year-on-year decrease of 22.12% - The net profit attributable to shareholders was 14.34 million yuan, down 75.46% year-on-year - The net profit excluding non-recurring items was 15.73 million yuan, a decline of 71.35% year-on-year [1][2]. Cost Management - Despite the decline in revenue and profit, the gross margin increased to 60.76%, up 1.09% year-on-year - The net profit margin, however, fell to 2.07%, a decrease of 71.16% year-on-year - Total selling, administrative, and financial expenses amounted to 342 million yuan, accounting for 53.36% of revenue, compared to 47.02% in the same period last year [2]. Online Business Strategy - In response to the challenges posed by online retail, the company has intensified its online presence through platforms like Maolehui APP and WeChat Mini Programs - Online sales in 2024 reached 19 million yuan, representing 10.06% of total department store sales [2][3]. Acquisition Issues - The acquisition of Shenzhen Youyigou E-commerce Co., Ltd. aimed to integrate online and offline channels but has not achieved its intended goals - The acquired company failed to meet performance commitments, with a cumulative actual net profit of 139.74 million yuan from 2018 to 2020, falling short of the promised 150 million yuan - The company faced regulatory scrutiny due to inaccurate financial reporting related to this acquisition, resulting in a warning from the Sichuan Securities Regulatory Bureau [3].

Retail Sector Activity - The retail sector showed significant activity with Maoye Commercial (600828) hitting the daily limit and achieving five consecutive trading limits [1][4] - Other notable stocks in the retail sector included Cuiwei Co. (603123) and Laisen Tongling (603900), both reaching the daily limit, while Zhongxing Commercial (000715) and Hongqi Chain (002697) also saw substantial gains [4] Economic Indicators - In the first quarter, China's total retail sales of consumer goods reached 12.47 trillion yuan, marking a year-on-year growth of 4.6%, which is an acceleration of 1.1 percentage points compared to the previous year [6] - March alone saw a growth rate of 5.9% in retail sales [6] AI Glasses Concept - The AI glasses concept opened strong with Yingtong Communications (002861) hitting the daily limit, while Deep Konka A surged over 8% [7] Computing Power Leasing Concept - The computing power leasing concept gained momentum with Changshan Beiming (000158), Chaoxun Communication (603322), and Hongbo Co. (002229) all reaching the daily limit, and Yitian Intelligent (300911) rising over 10% [8] Real Estate Sector Movement - The real estate sector experienced a surge with Zhonghua Enterprise (600675) and Yuehongyuan A both hitting the daily limit, while Huayuan Real Estate (600743) and Xinhuangpu (600638) increased by over 7% [9] Banking Sector Decline - The banking sector faced declines, with Huaxia Bank dropping over 8%, and major banks like China Construction Bank, Beijing Bank, and others falling by more than 2% [10] Manufacturing PMI - China's manufacturing purchasing managers' index (PMI) for April was reported at 49%, a decrease of 1.5 percentage points from the previous month, indicating a contraction in the manufacturing sector [11] - High-tech manufacturing PMI stood at 51.5%, indicating continued expansion in that sector [11] - The service sector maintained expansion with a business activity index of 50.1, despite a slight decline from the previous month [11] US Automotive Tariff Developments - President Trump signed an announcement to provide compensation for tariffs on imported auto parts, allowing up to 3.75% of the retail price for compensation, which will decrease to 2.5% in the second year [12] - This move reflects ongoing pressure on the government regarding its tariff policies [12]

A股零售板块走强，茂业商业涨停，华远地产涨超7%，华致酒行、万辰集团、居然智家、博士眼镜、 友好集团跟涨。 ...

茂业商业股份有限公司 股票交易异常波动公告 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。 重要内容提示： 证券代码：600828 证券简称：茂业商业 编号：临 2025-023 号 ●茂业商业股份有限公司（以下简称"公司"、"本公司"）股票于2025年4 月28日、4月29日连续两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。 ●公司于2025年4月28日披露《2025年第一季度报告》，公司2025年第一季度 营业收入64,082.99万元，同比下降22.12%；归属于上市公司股东的净利润 1,434.19万元,同比下降75.46%。公司基本面未发生重大变化，公司郑重提醒广大 投资者注意股票交易非理性炒作风险。 ●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。 一、股票交易异常波动的具体情况 2025年4月28日、4月29日，公司股票连续两个交易 ...

Market Overview - A-shares maintained a narrow fluctuation today with a total transaction volume of 1,041.9 billion yuan, a decrease of 35 billion yuan from the previous day [1] - The Hang Seng Index closed up 0.16%, while the Hang Seng Technology Index rose by 0.62% [1] Stock Performance - The North Securities 50 Index showed relative strength, increasing by 1.24% [1] - Over 3,500 stocks in the market were in the green, with significant gains in the PEEK (Polyether Ether Ketone) concept, where stocks like Jushilin and Xinhang New Materials hit the daily limit of 20% [1][7] - The humanoid robot concept remained strong, with stocks such as Zhaofeng Co., Pingzhi Information, and Riying Electronics also hitting the daily limit [1][5] PEEK Material Concept - The PEEK material concept saw a resurgence, with stocks like Jushilin and Xinhang New Materials reaching a 20% increase, and other companies like Fuheng New Materials and Zhongxin Fluorine Materials also performing well [7][9] - PEEK materials are expected to play a crucial role in reducing weight for humanoid robots, potentially leading to a market space worth hundreds of billions [9] Humanoid Robot Sector - The humanoid robot sector is viewed as a key battleground in the AI technology competition between China and the US, with significant long-term potential [7] - Tesla has clarified its mass production expectations for the Optimus robot, indicating ongoing progress in industrialization [5][7] Electric Power Sector - The electric power sector experienced a significant pullback, with companies like Shaoneng Co., Leshan Electric Power, and Xichang Electric Power hitting the daily limit down [11][12] - Leshan Electric Power had previously seen its stock price nearly double over the last ten trading days, prompting a cautionary note from the company regarding high valuation risks [12][13]

New Stock Offerings - ST Xinchao (600777) has two tender offer periods: April 8 to May 7, 2025, and April 23 to May 22, 2025[1] - Puli Tui (300630) is in the delisting arrangement period with 13 trading days remaining[1] - ST Yushun (002289) and ST Jingan (600190) are also highlighted for their recent announcements[1] Market Alerts - Jinlitai (300225) has been flagged for severe abnormal fluctuations[1] - Guoguang Chain (605188) and Dongfang Tong (300379) have recent announcements regarding their trading status[1] - Multiple stocks including Huadian Energy (600726) and Huadian Liaoning (600396) have recent updates as of April 29, 2025[1] Trading Periods - The last trading day for several stocks is approaching, with specific mention of ST Yushun and ST Jingan[1] - The report indicates that various stocks are under observation due to unusual trading activities[2]

《关于茂业商业股份有限公司 股票交易异常波动询证函》的回函 茂业商业股份有限公司: 本人于2025年4月29日收到贵公司发来的《关于茂业商业股份有限 公司股票交易异常波动询证函》,作为贵公司实际控制人,经核查确认, 现就询证事项回复如下: 一、截止目前,本人不存在对贵公司股票交易价格可能产生重大影 响的应披露而未披露的重大信息(包括但不限于重大资产重组、股份发 行、重大交易类事项、业务重组、股份回购、股权激励、破产重整、重 大业务合作、引进战略投资者等重大事项)。 二、本次股票交易异常波动期间，不存在买卖贵公司股票的行为。 本公司于2025年4月29日收到贵公司发来的《关于茂业商业股份有 限公司股票交易异常波动询证函》,作为贵公司控股股东,经核查确认, 现就询证事项回复如下: 一、截止目前,本公司不存在对贵公司股票交易价格可能产生重大 影响的应披露而未披露的重大信息(包括但不限于重大资产重组、股份 发行、重大交易类事项、业务重组、股份回购、股权激励、破产重整、 重大业务合作、引进战略投资者等重大事项)。 二、本次股票交易异常波动期间，不存在买卖贵公司股票的行为。 特此函复。 深圳茂业商厦有限公司 2025年4 ...

Market Overview - The three major A-share indices experienced slight declines, with the Shanghai Composite Index down 0.05%, the Shenzhen Component Index down 0.05%, and the ChiNext Index down 0.13%. The North Star 50 Index, however, rose by 1.24% [1] - The total market turnover was 1.0417 trillion yuan, a decrease of 35 billion yuan compared to the previous day, with over 3,500 stocks rising across the market [1] Sector Performance - The PEEK materials, beauty care, chemical products, humanoid robots, and agricultural machinery sectors saw the largest gains, while the electricity, insurance, liquor, port shipping, controllable nuclear fusion, and coal sectors experienced the most significant declines [2] - Notable stocks included PEEK materials concept stocks such as Juyuan Long (301131), Xinhang New Materials (301076), and Zhongxin Fluorine Materials (002915), which all hit the daily limit [2] - The beauty care sector saw strong afternoon performance with stocks like Marubi Biotechnology (603983) hitting the daily limit, while other notable gainers included Babi Co., Jinbo Biological, and Shanghai Jahwa (600315) [2] Stock Highlights - Step by Step (002251) and Maoye Commercial (600828) both achieved a "limit-up" performance in the afternoon, showcasing significant market interest [2] - The electricity sector faced a downturn, with stocks like Shaanxi Energy (000601), Leshan Electric Power (600644), and Xichang Electric Power (600505) hitting the daily limit down [2] - The liquor sector also lagged, with Yingjia Gongjiu (603198) hitting the daily limit down, and other major players like Yanghe Brewery (002304) and Gujing Gongjiu (000596) showing significant declines [2] Notable Trends - The "hot stock list" featured companies like Step by Step, Hongbaoli, and Maoye Commercial, with respective gains of 4.15%, 5.81%, and 10.02% [7] - The "strong wind direction list" highlighted sectors such as new energy vehicles, chemical products, and robotics, with multiple stocks hitting the daily limit [11][12][13] Economic Indicators - The People's Bank of China conducted a reverse repurchase operation of 340.5 billion yuan for a 7-day term at an interest rate of 1.50% to maintain liquidity in the banking system [32] - The Ministry of Commerce reported that China's service trade totaled 19,741.8 billion yuan in the first quarter, reflecting a year-on-year growth of 8.7% [33]

茂业商业（600828）盘中涨停，上演地天板，成交额5.40亿元。 ...

A股零售板块震荡走低，茂业商业跌停，步步高、国光连锁跌超9%，国芳集团、永辉超市、东百集 团、新世界、百联股份跟跌。 ...