[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company forecasts a turnaround to profitability in H1 2025, with estimated net profit attributable to shareholders and non-recurring net profit 2025 Semi-Annual Performance Forecast | Indicator | Estimated Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | Approx. 17 Million Yuan | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-recurring Gains and Losses | Approx. 12 Million Yuan | - This performance forecast indicates a turnaround to **profitability** and remains **unaudited** by certified public accountants[2](index=2&type=chunk)[3](index=3&type=chunk) [Prior Period Performance Review](index=1&type=section&id=II.%20Prior%20Period%20Operating%20Performance%20and%20Financial%20Status) In H1 2024, the company reported a net loss attributable to shareholders, primarily due to non-recurring items despite positive core business performance 2024 Semi-Annual Key Financial Data | Indicator | Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | -18.7346 Million Yuan | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-recurring Gains and Losses | 11.1315 Million Yuan | | Earnings Per Share | -0.084 Yuan | [Analysis of Pre-profit Performance](index=1&type=section&id=III.%20Main%20Reasons%20for%20Current%20Period%20Pre-profit%20Performance) The turnaround to profitability is primarily attributed to a significant positive shift in fair value of equity investments and improved core business performance through cost reduction and e-commerce expansion [Impact of Main Business Operations](index=1&type=section&id=(I)%20Impact%20of%20Main%20Business%20Operations) The company enhanced sales and increased non-recurring net profit through strategic brand adjustments, cost efficiency, and expanded e-commerce sales channels - The company implemented various measures to enhance core business performance, including **brand adjustments**, **cost reduction and efficiency improvement**, and **e-commerce channel expansion**[6](index=6&type=chunk) [Impact of Non-recurring Gains and Losses](index=2&type=section&id=(II)%20Impact%20of%20Non-recurring%20Gains%20and%20Losses) Non-recurring gains and losses, particularly the significant positive shift in fair value of equity investments, were the primary driver for the period's turnaround to profitability Comparison of Impact from Fair Value Changes in Equity Investments | Reporting Period | Impact Amount (RMB) | | :--- | :--- | | 2025 Semi-Annual | Approx. 5.6 Million Yuan | | 2024 Semi-Annual | Approx. -40.4461 Million Yuan | [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company warns that the performance forecast is a preliminary, unaudited estimate by the finance department, and final results may differ - The company emphasizes that this performance forecast data is **unaudited** and a **preliminary calculation**, with no significant uncertain factors identified yet[7](index=7&type=chunk) [Other Explanatory Matters](index=2&type=section&id=V.%20Other%20Explanatory%20Matters) The company reiterates that the forecast data is preliminary, and final accurate financial data will be based on the official 2025 semi-annual report, advising investors to consider investment risks - Final financial data will be based on the company's officially disclosed **2025 semi-annual report**, and investors should be aware of **investment risks**[8](index=8&type=chunk)

Group 1 - The core viewpoint of the articles highlights the significant decline in gold prices, with spot gold dropping below $3200 and reaching a low of $3137.33 per ounce, marking a 9% decrease from last month's peak of $3500 [1][2] - Domestic gold jewelry prices have also fallen below 1000 yuan per gram, with major brands like Chow Sang Sang and Chow Tai Fook reporting price reductions [2] - The A-share precious metals sector has shown a weak performance, with most gold concept stocks declining, while only a few managed to gain [3] Group 2 - Despite the recent price drop, institutions believe that the short-term adjustment will not alter the long-term upward trend of gold prices, with significant increases in global gold investment demand projected for the coming years [4] - Reports indicate that global gold investment demand surged by 170% year-on-year in Q1 2025, with China's demand for gold bars and coins also showing substantial growth [4] - Analysts suggest that while short-term fluctuations may continue, the long-term outlook for gold remains positive due to ongoing geopolitical uncertainties and central bank purchases [5]

Core Viewpoint - The military industry sector in A-shares has seen a significant increase in attention and investment, with a notable rise in stock prices driven by market sentiment and geopolitical factors, despite underlying performance challenges in the first quarter of 2024 [1][2][4]. Group 1: Market Performance - The military ETF recorded a cumulative increase of 4.91% last week, with a further rise of 4.68% on May 12, 2024, indicating strong market interest [1]. - The defense and military index has seen a cumulative increase of 13.42% since May, ranking among the top three sectors in terms of growth [4]. - Key stocks such as AVIC Chengfei (中航成飞) and Morningstar Aviation (晨曦航空) experienced significant price surges, with some stocks hitting the daily limit up [1][4]. Group 2: Financial Performance - In Q1 2024, the military sector's total revenue was 1,067.53 billion yuan, a decrease of 3.15% year-on-year, while net profit fell by 4.40% to 56.14 billion yuan [4][5]. - The overall profitability of the military sector remains at a low point compared to previous cycles, with many companies experiencing a decline in net profit despite some revenue recovery [2][4]. - Among 40 leading companies, the average revenue growth rate in Q1 was 15.14%, a recovery from the previous year's decline [5]. Group 3: Future Outlook - Companies in the military sector have set optimistic revenue targets for 2025, with expected growth rates for key players such as AVIC Xi'an (中航西飞) and AVIC High-Tech (中航高科) ranging from 2% to 14% [8]. - The contract liabilities of major manufacturers have increased, indicating a potential for revenue realization in the coming quarters [8]. - Despite a reduction in public fund allocations to the military sector over the past ten quarters, there is a belief that the sector's fundamentals will improve, leading to a potential recovery in valuations [9][10].

Group 1 - The military industry is currently in a short-term performance bottoming phase, with leading companies, especially main engine manufacturers, showing a significant recovery in revenue year-on-year in Q1, although net profits remain under pressure [1][2] - The capital market's interest in the military industry has increased significantly, with military ETFs showing a cumulative increase of 4.91% last week, driven by heightened market sentiment due to geopolitical tensions [1][3] - In Q1, the military sector's total revenue was 1,067.53 billion, a year-on-year decrease of 3.15%, while net profit was 56.14 billion, down 4.40% [3][4] Group 2 - Among 40 leading companies in the military sector, all achieved positive revenue growth in Q1, with 14 companies experiencing double-digit growth, contrasting with 22 companies that saw revenue declines in the same period last year [4][5] - The average net profit growth rate for these 40 companies was -35.57%, indicating a significant decline in profitability compared to the previous year [4][5] - Some companies, such as Aviation Power and Aerospace Rainbow, reported net profit declines exceeding 70%, highlighting the challenges faced by the industry [5][6] Group 3 - Long-term profitability in the military sector is currently below the previous cycle's starting point in 2019, and the potential for a performance turnaround is crucial for further valuation increases [6][8] - Several companies have disclosed ambitious revenue targets for 2025, indicating positive growth expectations within the aerospace and shipbuilding sectors [6][8] - Public funds have been reducing their allocation to the military sector for ten consecutive quarters, with military-themed fund sizes decreasing significantly since their peak in Q1 2021 [7][8] Group 4 - The military industry is expected to undergo a valuation restructuring, benefiting from improved asset quality and market conditions, with a more favorable outlook for the second half of the year compared to the first half [8]

证券代码：600857 证券简称：宁波中百 公告编号：2025-012 宁波中百股份有限公司 2024年年度股东会决议公告 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法律责任。 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 5 月 8 日 (二)股东会召开的地点：浙江省宁波市海曙区和义路 77 号汇金大厦 21 层公司会 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 | 111 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 38,931,215 | | 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（%） | 17.3552 | (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。 本次会议由公司董事会召集，董事长应飞军先生主持，会议采取现场投票与 网络投票相结合的方式进行表决。会议召开及表决方式符合《公司法》和《公 ...

宁波中百股份有限公司 2024年年度股东会的 法律意见书 心 浙豪律(2025)证字笫101-214 号 二O二五年五月 宁波中百 2024 年年度股东会法律意见书 浙江素豪律师事务所 浙江素 豪 律师 事务 所 关 于 宁波中百股份有限公司 2024 年年度股东会 法 律 意 见 书 致:宁波中百股份有限公司 浙江素豪律师事务所(以下简称:本所)接受宁波中百股份有限公司(以下简称: 公司)的委托,就公司 2024年年度股东会(以下简称:本次会议)召开的有关事宜, 根据《中华人民共和国公司法》(以下简称:《公司法》、《中华人民共和国证券法》(以 下简称:《证券法》、《上市公司股东会规则》(以下简称:《规则》《股东会规则》)《上市公 司治理准则》(以下简称:《治理准则》等法律、法规及《宁波中百股份有限公司章 程》(以下简称:《公司章程》的有关规定,按照律师行业公认的业务标准、道德规范 和勤勉尽责精神,出具法律意见。 为出具本法律意见书,本所律师出席了本次会议并审阅了公司提供的关于 召开本次股东会议的有关文件的原件或影印件,包括但不限于公司召开本次股 东会议的公告、公司本次会议的议程及相关决议等文件,同时听取了公 ...

证券代码：600857 证券简称：宁波中百 公告编号：2025-011 宁波中百股份有限公司 关于召开 2024 年度暨 2025 年第一季度 业绩说明会的公告 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法律责任。 重要内容提示： 投资者可于 2024 年 05 月 08 日(星期四)至 05 月 13 日(星期 二)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 600857@600857.com.cn 进行提问。公司将在说明会上 对投资者普遍关注的问题进行回答。 宁波中百股份有限公司（以下简称"公司"）已于 2025 年 4 月 15 日、2025 年 4 月 29 日分别披露了公司 2024 年年度报告与公司 2025 年第一季度报告，为便于广大投资者更全面深入地了解公司 2024 年 度及 2025 年第一季度经营成果、财务状况，公司计划于 2025 年 05 月 14 日下午 15:00-16:00 举行 2024 年度暨 2025 年第一季度业绩说 明会，就投资者关心的问题进行交流。 一、说 ...

Core Points - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, and assumes legal responsibility for any false records or misleading statements [1][5][6] Financial Data - The first quarter financial statements are not audited [2] - The company has not reported any significant changes in major accounting data and financial indicators [3] - There are no non-recurring gains and losses reported for the period [2][3] Shareholder Information - The controlling shareholder, Tibet Zetian, holds 35,405,252 unrestricted shares, while individual shareholder Zhu Renbao holds 18,884,000 unrestricted shares, both of which are currently frozen [5][6] - Another individual shareholder, Zhang Jiangbo, has pledged 12,313,950 unrestricted shares [5] Operational Data - There were no changes in the number of stores during the reporting period [8] - There are no plans to increase the number of stores in the reporting period [8] - The main operating data is derived from the company's financial data for the reporting period, which is unaudited [9]

宁波中百股份有限公司 （600857） 2024 年年度股东会会议资料 (总第六十一次) 2025 年 5 月 8 日 目 录 | 1、2024 年年度股东会会议须知-----------------------------1 | | | --- | --- | | 2、2024 年年度股东会会议议程与议案表决办法---------------2 | | | 3、会议审议事项： | | | 议案之一：公司 年度董事会工作报告-----------------4 | 2024 | | 议案之二：公司 年度监事会工作报告-----------------9 | 2024 | | 议案之三：公司 年年度报告及其摘要-----------------12 | 2024 | | 议案之四：公司 年度利润分配的预案-----------------13 | 2024 | | 议案之五：公司支付会计师事务所 2024 年度审计报酬的议案-14 | | | 议案之六：公司关于择机出售股权的议案------------------15 | | | 议案之七：公司关于继续授权使用自有资金进行现金管理的议案 | | | ----- ...