Core Viewpoint - The company, Shanghai Jiubai Co., Ltd., has released its third-quarter operational data for 2025, ensuring the accuracy and completeness of the information provided in the report [7]. Group 1: Financial Data and Reporting - The third-quarter financial statements have not been audited [3]. - The company guarantees the authenticity and completeness of the quarterly report, with all responsible parties liable for any inaccuracies [2][7]. - The report includes major financial data and indicators, although specific figures are not detailed in the provided text [3]. Group 2: Operational Changes - During the first three quarters of 2025, the company's wholly-owned subsidiary, Shanghai Zhengzhang Laundry Co., Ltd., opened 7 new laundry chain stores and closed 8, resulting in a total of 12 operational stores by the end of the reporting period [7]. - There is one additional store that has been signed but not yet opened as of the end of the reporting period [8]. Group 3: Business Segmentation - The report mentions that the main business data is segmented by industry and region, but specific figures are not provided in the text [9].

Core Viewpoint - Shanghai Jiubai (600838.SH) reported a decline in total operating revenue for the first three quarters of 2025, while net profit attributable to shareholders increased slightly [1] Financial Performance - Total operating revenue for the first three quarters reached 63.5745 million yuan, representing a year-on-year decrease of 3.81% [1] - Net profit attributable to shareholders was 28.4247 million yuan, showing a year-on-year increase of 2.91% [1] - Basic earnings per share stood at 0.0709 yuan [1]

上海九百股份有限公司 2025 年第三季度经营数据公告 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。 根据《上海证券交易所上市公司自律监管指引第 3 号行业信息披 露：第四号——零售》、《关于做好主板上市公司 2025 年第三季度报告 披露工作的重要提醒》的相关要求，现将公司 2025 年第三季度主要经 营数据披露如下： 证券代码：600838 证券简称：上海九百 编号：临 2025-020 （一）主营业务分行业情况 单位：元 币种：人民币 一、报告期公司所属主要子公司门店变动情况： 2025 年 1-3 季度，公司全资子公司"上海正章洗染有限公司"新 开了 7 家洗衣连锁门店，关闭了 8 家洗衣连锁门店。截至本报告期末， 现有洗衣连锁门店 12 家。 二、报告期拟增加门店情况： 截至本报告期末，公司所属主要子公司已签约但尚未开业的门店 1 家。 三、2025 年 1-3 季度主要经营数据： | | | 主营业务分行业情况 | | | | | | | --- | --- | --- | --- | --- | --- | ...

Financial Performance - The company's operating revenue for Q3 2025 was CNY 18,521,024.12, a decrease of 9.84% compared to the same period last year[4] - Total profit for the quarter reached CNY 4,638,972.85, reflecting a growth of 19.24% year-over-year[4] - Net profit attributable to shareholders was CNY 4,635,024.01, up 19.14% from the previous year[4] - The net profit after deducting non-recurring gains and losses was CNY 4,927,076.62, an increase of 21.86% year-over-year[4] - The basic earnings per share for the quarter was CNY 0.0116, representing a 19.59% increase compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 was CNY 63,574,500.51, a decrease of 2.4% compared to CNY 66,090,905.12 in the same period of 2024[16] - Total operating costs for the first three quarters of 2025 were CNY 84,787,764.01, down 4.5% from CNY 88,807,889.18 in 2024[16] - Net profit for the first three quarters of 2025 reached CNY 28,424,688.68, an increase of 2.9% compared to CNY 27,622,099.33 in 2024[17] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.0709, up from CNY 0.0689 in the same period of 2024[17] - The company reported a total profit of CNY 28,430,249.15 for the first three quarters of 2025, compared to CNY 27,622,099.33 in 2024[16] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,701,440,365.54, a 2.12% increase from the end of the previous year[5] - As of September 30, 2025, the total assets of Shanghai Jiubai Group amounted to RMB 1,701,440,365.54, an increase from RMB 1,666,106,408.11 as of December 31, 2024, reflecting a growth of approximately 2.1%[12][14] - The company's current assets reached RMB 506,277,761.27, up from RMB 461,720,966.37, indicating an increase of about 9.6%[12] - Cash and cash equivalents stood at RMB 475,199,609.29, compared to RMB 434,234,082.50, representing a rise of approximately 9.4%[12] - Accounts receivable increased to RMB 8,460,362.22 from RMB 7,310,292.97, marking a growth of around 15.7%[12] - The total liabilities decreased slightly to RMB 125,273,097.91 from RMB 126,297,231.81, a reduction of about 0.8%[14] - The company's equity attributable to shareholders rose to RMB 1,576,167,267.63 from RMB 1,539,809,176.30, reflecting an increase of approximately 2.4%[14] - The non-current assets totaled RMB 1,195,162,604.27, down from RMB 1,204,385,441.74, indicating a decrease of about 0.8%[13] - The company's inventory increased to RMB 17,183,162.59 from RMB 16,249,220.03, which is an increase of approximately 5.7%[12] - The total current liabilities decreased to RMB 50,214,431.77 from RMB 59,294,950.30, a decline of about 15.5%[14] Cash Flow - The company reported a net cash flow from operating activities of CNY -7,724,186.63, indicating a negative cash flow situation[4] - Cash flow from operating activities for the first three quarters of 2025 was negative CNY 7,724,186.63, compared to negative CNY 6,490,924.24 in 2024[19] - Cash flow from investing activities generated a net inflow of CNY 67,251,903.44 in the first three quarters of 2025, down from CNY 80,957,368.41 in 2024[20] - Cash and cash equivalents at the end of the first three quarters of 2025 totaled CNY 475,199,609.29, an increase from CNY 427,128,438.51 in 2024[20] Other Comprehensive Income - The company's other comprehensive income rose to RMB 199,464,526.79 from RMB 178,702,903.18, reflecting an increase of approximately 11.6%[14] - Other comprehensive income after tax for the first three quarters of 2025 was CNY 20,761,623.61, significantly lower than CNY 58,723,030.73 in 2024[17] Management Focus - The company’s management indicated a focus on cost control and efficiency improvements moving forward[21]

Core Insights - The company reported a third-quarter revenue of 18.52 million, a year-on-year decrease of 9.84% [1] - The net profit for the third quarter was 4.635 million, showing a year-on-year increase of 19.14% [1] - For the first three quarters, the total revenue was 63.5745 million, reflecting a year-on-year decline of 3.81% [1] - The net profit for the first three quarters reached 28.4247 million, which is a year-on-year increase of 2.91% [1] Financial Performance - Third-quarter revenue: 18.52 million, down 9.84% year-on-year [1] - Third-quarter net profit: 4.635 million, up 19.14% year-on-year [1] - Year-to-date revenue: 63.5745 million, down 3.81% year-on-year [1] - Year-to-date net profit: 28.4247 million, up 2.91% year-on-year [1]

Core Viewpoint - Shanghai Jiubai's stock price has shown fluctuations, with a recent increase of 2.04% but a year-to-date decline of 12.15% [1][2]. Company Overview - Shanghai Jiubai Co., Ltd. was established on December 21, 1993, and listed on February 24, 1994. The company operates in various sectors including wholesale and retail of alcoholic beverages, commercial property leasing and management, equity investment, and laundry services [2]. - The company's revenue composition is as follows: commercial business 37.43%, shop leasing 32.78%, industrial 24.48%, and others 5.30% [2]. Financial Performance - For the first half of 2025, Shanghai Jiubai reported operating revenue of 45.05 million yuan, a year-on-year decrease of 1.09%, while net profit attributable to shareholders was 23.79 million yuan, a slight increase of 0.24% [2]. - Cumulative cash dividends since the A-share listing amount to 379 million yuan, with 47.71 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders is 39,100, a decrease of 3.52% from the previous period, with an average of 10,255 circulating shares per shareholder, an increase of 3.65% [2]. - Notable institutional shareholders include Southern CSI Real Estate ETF and CITIC Prudential Multi-Strategy Mixed Fund, with the former being a new shareholder [3]. Market Activity - As of September 26, the stock price was 8.52 yuan per share, with a trading volume of 18.17 million yuan and a turnover rate of 0.54%. The total market capitalization stands at 3.416 billion yuan [1]. - The net inflow of main funds was 364,600 yuan, with large orders accounting for 12.40% of purchases and 10.39% of sales [1].

Core Viewpoint - Shanghai Jiubai (600838.SH) is actively enhancing its commercial property portfolio and management efficiency to adapt to the recovering consumer market and maintain stable revenue streams [1] Group 1: Property Assets and Investment Strategy - The company owns approximately 20,000 square meters of property and has a long-term stake in "Shanghai Jiubai City Square Co., Ltd." with a property area of about 90,000 square meters [1] - Key properties are located in prime areas such as Jing'an District, Pudong New District, and Baoshan District, focusing on creating a high-quality commercial ecosystem [1] Group 2: Market Conditions and Business Operations - The retail sales of consumer goods have shown steady growth, supported by the implementation of consumption-boosting policies, which is expected to strengthen the recovery trend in the consumer market [1] - The company aims to enhance operational management and efficiency while maintaining its core businesses in retail, commercial real estate, and laundry services, alongside exploring innovative breakthroughs [1]

为进一步加强与投资者的互动交流，上海九百股份有限公司(以 下简称：公司)将参加由中国证券监督管理委员会上海监管局指导、 上海上市公司协会及深圳市全景网络有限公司联合举办的"2025 年 上海辖区上市公司集体接待日暨中报业绩说明会活动"，现将有关事 项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" 网站(https://rs.p5w.net/html/175611728073329.shtml)；或关注微 信公众号(名称：全景财经)；或下载全景路演 APP，参与本次互动交流。 活动时间为 2025 年 9 月 19 日(周五)15:00-17:00。届时公司高 管将在线就公司 2025 半年度业绩、公司治理、发展战略、经营状况 等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊 跃参与！ 特此公告。 证券代码：600838 证券简称：上海九百 编号：临 2025-019 上海九百股份有限公司 关于参加 2025 年上海辖区上市公司集体接待日 暨中报业绩说明会活动的公告 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 ...

Core Viewpoint - Shanghai Jiubai (600838) reported mixed financial results for the first half of 2025, with a slight decline in total revenue but a modest increase in net profit, indicating a stable yet challenging business environment [1]. Financial Performance - Total revenue for the first half of 2025 was 45.0535 million yuan, a decrease of 1.09% year-on-year [1]. - Net profit attributable to shareholders was 23.7897 million yuan, an increase of 0.24% year-on-year [1]. - In Q2 2025, total revenue was 21.9509 million yuan, down 2.23% year-on-year, while net profit for the quarter was 11.4541 million yuan, a decline of 15.97% year-on-year [1]. Profitability Metrics - Gross margin improved to 25.89%, up 1.24% year-on-year, while net margin increased to 52.80%, up 1.35% year-on-year [1]. - Total selling, administrative, and financial expenses amounted to 23.8011 million yuan, accounting for 52.83% of revenue, a slight increase of 0.6% year-on-year [1]. Key Financial Ratios - Earnings per share remained stable at 0.06 yuan, with a year-on-year increase of 0.17% [1]. - The company's return on invested capital (ROIC) was reported at 2.5%, indicating weak capital returns, with a historical median ROIC of 7.11% over the past decade [1]. - Cash flow from operations per share was -0.01 yuan, reflecting a decrease of 25.65% year-on-year [1]. Debt and Asset Management - Cash assets are reported to be very healthy, indicating strong liquidity [2]. - The company’s interest-bearing debt decreased to 2.7519 million yuan, down 27.48% year-on-year [1].

Group 1 - The general retail sector increased by 0.05% on August 28, with agricultural products leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] - Notable gainers in the general retail sector included agricultural products, which rose by 10.05% to a closing price of 8.43 [1] Group 2 - The general retail sector experienced a net outflow of 1.121 billion yuan from major funds, while retail investors saw a net inflow of 748 million yuan [2] - Key stocks that faced declines included Zhejiang Dongri, which fell by 7.71% to a closing price of 56.48 [2] - The trading volume for the general retail sector showed significant activity, with various stocks reporting millions in transaction amounts [2]