[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]

证券代码：600828 证券简称：茂业商业 公告编号：临 2025-033 号 茂业商业股份有限公司 关于控股股东股份办理质押及解除质押的公告 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"茂业商业"、"公司"） 控股股东深圳茂业商厦有限公司（以下简称"茂业商厦"）及 其一致行动人合计持有公司股份1,497,380,497 股，占上市公 司总股本的86.45%。茂业商厦及其一致行动人持有公司股份累 计质押数量（本次办理质押及解押后）为408,380,000股，占其 所持有公司股份总额的29.15%，占公司总股本的23.58%。 一、股份质押情况 二、公司股份解除质押基本情况 公司接控股股东茂业商厦通知，茂业商厦将其持有的公司部分无 限售流通股办理了股票质押解除登记手续，现将有关情况说明如下： 接控股股东茂业商厦通知，茂业商厦向上海海通证券资产管理有 限公司（以下简称"海通资管"）申请续贷并签订了《最高额抵押合同》， 茂业商厦将其所持有的茂业商业无限售流通股 ...

重要内容提示： 被担保人名称：深圳茂业百货有限公司（以下简称"深圳茂业百货"）； 本次担保金额及已实际为其提供的担保余额：本次担保金额20,000万元 人民币, 截止目前，累计已为其提供的担保金额为12,000万元人民币（不含本 次）； 证券代码：600828 证券简称：茂业商业 编号：临 2025-032 号 茂业商业股份有限公司关于公司及关联方 为全资子公司贷款提供担保暨关联交易的公告 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个别及连带责任。 本公司控股股东深圳茂业商厦有限公司（以下简称"茂业商厦"）、本公 司实际控制人黄茂如先生及其配偶张静女士拟为深圳茂业百货本次贷款提供连 带责任担保，构成本公司之关联交易。公司控股股东、实际控制人及其配偶对深 圳茂业百货的本次担保为无偿提供担保，根据《上海证券交易所股票上市规则》 第6.3.18条之规定，可免于按照关联交易的方式审议和披露。 本事项无需提交公司股东大会审议。 一、贷款及担保情况概述 （一）担保事项基本情况 借款人、被担保人：深圳茂业百货有限公司 债权人：广发银行股份有限公司 ...

证券代码：600828 证券简称：茂业商业 编号：临 2025-031 号 茂业商业股份有限公司 公司全体董事一致同意豁免公司第十届董事会第四十次会议通 知期限，并于 2025 年 6 月 27 日召开第十届董事会第四十次会议。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 二、审议通过了《关于公司及关联方为全资子公司贷款提供担保 暨关联交易的议案》 本议案具体内容详见公司于2025年6月28日在《中国证券报》、《上 海证券报》、《证券时报》和上海证券交易所网站（www.sse.com.cn） 1 刊登的相关公告。 一、审议通过了《关于豁免公司第十届董事会第四十次会议通知 期限的议案》 第十届董事会第四十次会议决议公告 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"）第十届董事会第四 十次会议于 2025 年 6 月 27 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 ...

Group 1 - The company held its 39th meeting of the 10th Board of Directors on June 25, 2025, with all 9 directors participating in the voting [1] - The board approved a proposal to apply for a credit facility of RMB 300 million from China Minsheng Bank Chengdu Branch, with a term of 12 months [1][2] - The credit facility will be secured by a maximum mortgage contract signed between the company's wholly-owned subsidiary Chengshang Group Holdings Co., Ltd. and Minsheng Bank Chengdu Branch [1] Group 2 - The board authorized the chairman to sign all relevant legal documents related to the loan and credit facility based on the company's funding needs [2] - The application for the RMB 300 million credit facility consists of existing loans that are currently in good standing, with no changes to the collateral [2] - The board also approved a proposal for borrowing from the controlling shareholder, with details to be published in relevant announcements [3]

Summary of Key Points Core Viewpoint - The company intends to apply for a loan of up to RMB 140 million from its controlling shareholder, Shenzhen Maoye Department Store Co., Ltd., for a term of three years, which will be used for operational needs and is classified as a related party transaction [1][2]. Group 1: Loan Details - The loan amount is capped at RMB 140 million, with a term of three years, allowing for flexible borrowing and repayment based on operational needs [1][2]. - Interest on the loan will be paid at a rate not exceeding the bank's benchmark lending rate, with no additional fees for early repayment, and the loan will not require collateral or guarantees [1][2]. Group 2: Related Party Transaction - The transaction qualifies as a related party transaction under the Shanghai Stock Exchange rules, but it does not constitute a major asset restructuring [1][2]. - The company has an existing loan balance of RMB 200 million from the controlling shareholder as of the announcement date [1][2]. Group 3: Shareholder Information - Shenzhen Maoye Department Store holds 1,401,135,188 shares, representing 80.90% of the company's total share capital [2][3]. - The controlling shareholder's financial data as of December 31, 2024, includes total assets, total liabilities, net assets, operating income, and net profit, which are relevant for assessing the financial health of the shareholder [3]. Group 4: Purpose and Impact - The loan is intended for daily operational needs, including repaying bank loans and paying suppliers, reflecting the controlling shareholder's support for the company [3]. - The transaction is deemed fair and legal, with no detriment to the company or its non-related shareholders [3]. Group 5: Approval Process - The board of directors approved the proposal for the loan application with unanimous support, complying with the requirements of the Company Law and the company's articles of association [4].

Core Viewpoint - The company has announced the expected daily related transactions for 2025, which are deemed necessary for normal business operations and comply with fair trading principles [1][2][3] Summary by Relevant Sections Daily Related Transactions - The board of directors has approved the expected daily related transactions for 2025, with no need for shareholder meeting approval [1] - Independent directors have reviewed the transactions and confirmed they are normal and reasonable, adhering to fair trading principles [2] Previous Related Transactions - In 2024, the company did not engage in any related transactions with Shanxi Maoye Real Estate Development Co., Ltd [2] Related Party Information - Shanxi Maoye Real Estate has a registered capital of 11 million yuan and is involved in various retail sectors, with 100% ownership by the company [2] Financial Indicators - Key financial metrics for the related party over the last three years indicate total assets of 416,014 million yuan, total liabilities of 158,318 million yuan, and net profit of 2,867 million yuan [4] Expected Transaction Amount and Categories - The total expected amount for the new related transactions in 2025 is capped at 60 million yuan, primarily involving sales of goods between the company and Shanxi Maoye Real Estate [5][6] Pricing Policy - The pricing for these transactions will be based on market prices, industry standards, and government guidelines, ensuring fairness and transparency [6] Purpose and Impact of Related Transactions - The transactions aim to leverage the resources and channel advantages of the related party to expand the company's To B group purchasing business, enhancing operational efficiency and resilience against economic cycles [6][7] Risk Management - The company plans to use advance payment methods to mitigate performance risks and protect the interests of minority shareholders [7]