Core Viewpoint - Ningbo Zhongbai (600857) announced that its controlling shareholder, Tibet Zetian, is publicly auctioning 35.4053 million shares on the Taobao judicial auction platform, which represents 15.78% of the company's total share capital [1] Group 1 - The auction phase has concluded, and if the shares are successfully sold and transferred, it will result in a change of control for the company [1] - The company’s operational activities are currently normal, and this event is not expected to have a significant adverse impact on its production and operations [1] - The shareholding structure will remain compliant with listing requirements even after the auction [1]

宁波中百股份有限公司 关于控股股东、实际控制人所持股份被法院司法拍卖 的进展公告 证券代码：600857 证券简称：宁波中百 公告编号：2025-031 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： 一、本次拍卖的基本情况 公司于 2024 年 12 月 25 日收到山东省青岛市中级人民法院（以下简称"青 本次被司法拍卖的标的为控股股东、实际控制人西藏泽添投资发展有限公司 （以下简称"西藏泽添"）持有宁波中百股份有限公司（以下简称"公司"） 股份 35,405,252 股（均为无限售条件流通股），占公司总股本的 15.78%。 截至本公告披露日，公司通过淘宝网络司法拍卖平台查询，本次司法拍卖网 拍竞价阶段已经结束，本次拍卖成交股数为 35,405,252 股，占公司总股本 的 15.78%。公司目前尚未收到山东省青岛市中级人民法院的确认文件，最终 成交结果以山东省青岛市中级人民法院出具拍卖成交裁定为准。本次拍卖成 交股份后续还涉及缴纳拍卖余款、股权变更过户等环节，最终结果尚存在不 确定性。 本次司法拍卖事项涉 ...

图片来源：界面图库 智通财经记者 赵阳戈 14万人在线围观了一场备受资本市场瞩目的股权拍卖，然而，这场拍卖却以出人意料的平静方式落幕。 11月23日上午10时，宁波中百（600857.SH）一笔3540.5252万股股份的司法拍卖尘埃落定。作为此次拍卖的唯一报名者，杭州金帝商业管理有限公司（以下 简称"金帝商管"）以起拍价5.27亿元轻松摘得标的。 智通财经致电上市公司，相关负责人称，"今天（11月24日）稍晚时候会进行公告"，其表示，目前拍卖还没有过户，新控股股东的认定，具体还有待下一步 公告。 金帝商管持有宁波中百比例跃升至28.96% 本次宁波中百3540.5252万股无限售流通股的拍卖，于11月22日上午10时在阿里司法拍卖平台启动，起拍价为5.27亿元，保证金5120万元，加价幅度设定为 250万元。唯一的竞拍方在拍卖开始后21分钟首次出价，此后便再无波澜，最终以起拍价成功竞得。 该部分股权的成本折算后为14.88元/股，相较于宁波中百11月21日的收盘价略有折价。 拍卖结束后，平台出具的竞价结果确认书正式宣告了金帝商管的胜出。 待完成过户，金帝商管以总计约十亿元的代价（持股近29%），将成为宁波中 ...

宁波中百（600857.SH）终于要摘下持续多年的"徐翔概念股"标签。 11月23日上午10时，阿里资产拍卖平台显示，宁波中百3540.53万股上市无限售流通股的拍卖正式结束。 从拍卖结果来看，杭州金帝商业管理有限公司（简称"金帝商业"）以底价5.27亿元竞得该标的。按此推算，金帝商业获得上述标的的平均每股价格为14.88 元/股，略低于宁波中百当前股价。 11月24日，宁波中百低开，截至发稿报15.06元/股，跌幅0.4%，总市值33.78亿元。 值得注意的是，该场股权拍卖市场关注度极高，累计获得了超14万人次围观。 之所以引发广泛关注，一方面是因其牵涉昔日 "私募一哥" 徐翔家族的核心股权处置；另一方面，作为决定公司控制权转移的关键事件，此次拍卖对宁波 中百的后续影响深远。 资料显示，此次拍卖的宁波中百3540.53万股由徐翔父亲徐柏良旗下公司西藏泽添投资发展有限公司（以下简称"西藏泽添"）持有，占其所持公司股份的 100%。西藏泽添为宁波中百控股股东，持有该公司15.78%股份。 中国企业资本联盟副理事长柏文喜表示，控股股东西藏泽添的股权被全部拍卖，在股权过户完成但董事会尚未改选前，宁波中百大概率会处于 ...

Core Insights - The general retail sector increased by 1.41% on November 10, with Zhejiang Dongri leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Retail Sector Performance - Zhejiang Dongri (600113) closed at 48.43, with a rise of 9.99% and a trading volume of 92,100 shares, amounting to a transaction value of 430 million yuan [1] - Guoguang Chain (605188) saw a closing price of 25.34, up 9.98%, with a trading volume of 445,300 shares and a transaction value of 1.083 billion yuan [1] - Dongbai Group (600693) closed at 7.51, increasing by 9.96%, with a trading volume of 1,144,600 shares and a transaction value of 837 million yuan [1] - Other notable performers included Jiajia Yue (603708) with a 7.44% increase and a closing price of 11.99, and Bubu Gao (002251) with a 5.24% increase and a closing price of 5.42 [1] Capital Flow Analysis - The general retail sector experienced a net inflow of 942 million yuan from institutional investors, while retail investors saw a net outflow of 568 million yuan [2] - Major stocks like Dongbai Group and Guoguang Chain had significant net inflows from institutional investors, with Dongbai Group receiving 265 million yuan [3] - Conversely, retail investors withdrew funds from several stocks, including Dongbai Group and Guoguang Chain, indicating a divergence in investment behavior between institutional and retail investors [3]

Core Viewpoint - The news highlights the recent acquisition of shares in Ningbo Zhongbai by Jindi Commercial through judicial auction, raising questions about the future control and stability of the company as the largest shareholder prepares for a share auction [1][2]. Group 1: Share Acquisition Details - Jindi Commercial acquired 18.884 million shares of Ningbo Zhongbai, representing 8.42% of the total share capital, through a judicial auction, increasing its total holdings to 29.5657 million shares or 13.18% [2][3]. - The shares were acquired at a total price of 270 million yuan, translating to approximately 14.3 yuan per share, which is significantly lower than the current market price of 17.48 yuan [3][4]. Group 2: Background of Shareholders - The previous shareholder, Zhu Renbao, was closely related to the Xu Xiang family, and had previously attempted to influence company management [4]. - Jindi Commercial, despite having a registered capital of only 20 million yuan, is controlled by Zhejiang Jindi Real Estate Group, which gained prominence through a significant land auction earlier this year [4]. Group 3: Future Implications - The upcoming auction of the largest shareholder's shares on November 22 will be crucial in determining the future control of Ningbo Zhongbai, with Jindi Commercial's intentions remaining unclear [6][7]. - Jindi Commercial has stated it has no immediate plans to increase its stake but does not rule out the possibility of future buying or selling within the next year [7][8]. Group 4: Company Overview - Ningbo Zhongbai is a major retail company in Ningbo, with over 70 years of history, operating a large department store in the city's commercial center [8].

Core Viewpoint - Ningbo Zhongbai (600857.SH) announced that shareholder Zhu Renbao's 18,884,000 unrestricted circulating shares, accounting for 8.42% of the total share capital, were judicially auctioned by the Shandong Province Qingdao Intermediate People's Court, with ownership transferred to Hangzhou Jindi Commercial Management Co., Ltd. on November 7, 2025. Following this change, Zhu Renbao's shareholding ratio decreased from 8.42% to 0%, and he no longer holds any shares in the company. This change in equity is due to a court ruling and does not involve voluntary reduction or secondary market transactions [1]. Summary by Sections - **Shareholder Changes** - Zhu Renbao's shareholding decreased from 8.42% to 0% following the judicial auction of 18,884,000 shares [1]. - **Judicial Proceedings** - The shares were auctioned as a result of a court ruling from the Shandong Province Qingdao Intermediate People's Court [1]. - **Ownership Transfer** - The ownership of the shares has been transferred to Hangzhou Jindi Commercial Management Co., Ltd. [1].

Core Viewpoint - The recent acquisition of shares in Ningbo Zhongbai by Jindi Commercial through judicial auction raises questions about the future control and stability of the company, especially with the upcoming auction of the largest shareholder's shares on November 22 [2][9]. Shareholding Changes - Jindi Commercial acquired 18,884,000 shares of Ningbo Zhongbai, representing 8.42% of the total share capital, through a judicial auction, increasing its total holdings to 29,565,700 shares or 13.18% [3][4]. - Prior to the auction, Jindi Commercial held 10,681,700 shares, which was 4.76% of the total shares [4]. Acquisition Details - The shares were acquired at a total price of 270 million yuan, translating to approximately 14.3 yuan per share, which is significantly lower than the current market price of 17.48 yuan [4][5]. - Jindi Commercial's share acquisition began in July 2025, with a total of 1,068,170 shares purchased at prices ranging from 12.18 to 17.10 yuan per share [6][7]. Future Plans and Market Implications - Jindi Commercial has stated that it currently has no plans to increase its holdings but does not rule out the possibility of future purchases or sales within the next twelve months [9]. - The upcoming auction of the largest shareholder's shares will likely influence the control dynamics of Ningbo Zhongbai, with Jindi Commercial's position becoming increasingly significant [9][10]. Company Background - Ningbo Zhongbai is a major retail company in Ningbo, with over 70 years of history, operating a large department store in the city's commercial center [10].

Core Viewpoint - The report outlines the equity changes of Ningbo Zhongbai Co., Ltd. as disclosed by Hangzhou Jindi Commercial Management Co., Ltd., confirming the acquisition of 18,884,000 shares through a judicial auction for a total of 270 million yuan [1][4][5]. Group 1: Equity Change Details - The equity change does not require approval from relevant authorities and is based solely on the information provided in the report [2]. - The acquisition was made through a public auction conducted by the Qingdao Intermediate People's Court, with the shares representing 8.42% of the total share capital of Ningbo Zhongbai [4]. - The shares were successfully transferred to Hangzhou Jindi Commercial Management Co., Ltd. following the court's execution ruling, and the ownership was officially registered [5]. Group 2: Disclosure Obligations - The report confirms that there are no other undisclosed changes in the equity holdings of the disclosing party in Ningbo Zhongbai [1][3]. - Hangzhou Jindi Commercial Management Co., Ltd. has committed to the accuracy and completeness of the report, accepting legal responsibility for any misrepresentation [2][7]. - The disclosing party has not engaged in selling shares of Ningbo Zhongbai in the past six months, having only purchased a total of 10.68 million shares [5]. Group 3: Future Plans - As of the report's signing date, there are no immediate plans for further increasing or decreasing the shareholding in Ningbo Zhongbai within the next 12 months, although such actions are not ruled out [4].

上市公司名称： 宁波中百股份有限公司 股票上市地点： 上海证券交易所 股票简称： 宁波中百 股票代码： 600857 宁波中百股份有限公司 简式权益变动报告书 签署日期：二〇二五年十一月 1 信息披露义务人声明 一、本报告书系信息披露义务人依据《中华人民共和国公司法》《中华人民 共和国证券法》《上市公司收购管理办法》《公开发行证券的公司信息披露内容与 格式准则第 15 号—权益变动报告书》及其他相关法律、法规、部门规章及规范 性文件的有关规定编写。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定，本 报告书已全面披露信息披露义务人在宁波中百股份有限公司（以下简称"宁波中 百"）中拥有权益的股份变动情况。 截至本报告书签署之日，除本报告书披露的信息外，信息披露义务人没有通 过任何其他方式增加或减少其在宁波中百中拥有权益的股份。 四、本次权益变动无需经过相关主管部门批准、不附加其他生效条件。 五、本次权益变动是根据本报告书所载明的资料进行的，除信息披露义务人 外，没有委托或者授权任何其他机构或人员提供未在本报告书中列载的信息和对 本报告做出任 ...