Financial Performance - The company's operating revenue for the third quarter was ¥89,672,759.40, a decrease of 56.01% compared to the same period last year[5]. - The total profit for the third quarter reached ¥37,827,707.11, an increase of 168.99% year-on-year, primarily due to changes in the fair value of held stocks[5][9]. - Net profit attributable to shareholders was ¥28,375,973.55, reflecting a year-on-year increase of 164.65%[5][9]. - The basic earnings per share for the third quarter was ¥0.126, up 162.50% compared to the previous year[5][9]. - Total operating revenue for the first three quarters of 2025 was CNY 378,585,123.47, a decrease of 46% compared to CNY 701,432,271.47 in the same period of 2024[20]. - Net profit for the first three quarters of 2025 reached CNY 46,011,611.18, a significant recovery from a net loss of CNY 8,012,521.42 in the same period of 2024[21]. - The company reported a comprehensive income total of CNY 59,400,752.96 for the first three quarters of 2025, compared to CNY 10,158,456.71 in 2024[22]. - Earnings per share for the first three quarters of 2025 were CNY 0.21, recovering from a loss of CNY 0.04 per share in the same period of 2024[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥978,677,240.39, representing a 7.95% increase from the end of the previous year[6]. - The equity attributable to shareholders increased by 7.14% to ¥890,788,079.75 compared to the end of the previous year[6]. - Total liabilities increased to CNY 87,889,160.64 in 2025 from CNY 75,241,473.61 in 2024, reflecting a growth of about 17%[18]. - Total equity attributable to shareholders rose to CNY 890,788,079.75 in 2025, compared to CNY 831,387,326.79 in 2024, marking an increase of approximately 7%[18]. Cash Flow - The net cash flow from operating activities for the third quarter was ¥6,466,075.40, a decrease of 40.29% year-on-year[5][9]. - Operating cash inflow totaled $594.2 million, a decrease from $973.4 million in the previous period[26]. - Cash outflow from operating activities was $605.5 million, compared to $952.2 million last year[26]. - Net cash flow from operating activities was negative at -$11.3 million, down from a positive $21.2 million previously[26]. - The net increase in cash and cash equivalents was -$5.6 million, contrasting with a positive increase of $5.8 million previously[27]. - The ending balance of cash and cash equivalents was $395.2 million, down from $454.3 million at the end of the last period[27]. Shareholder Information - The company’s major shareholder, Tibet Zetian Investment Development Co., Ltd., holds 35,405,252 shares, representing 15.78% of the total shares, which are currently frozen[12]. - The second-largest shareholder, Zhang Jiangbo, owns 22,627,869 shares, accounting for 10.09% of the total shares, with 12,313,950 shares pledged[12]. - The company is facing potential judicial auctions of shares held by major shareholders, with 35,405,252 shares and 18,884,000 shares scheduled for auction on November 22, 2025, and October 20, 2025, respectively[14]. - The company has not reported any changes in the top 10 shareholders or their shareholding status due to transfer or lending activities[13]. Inventory and Current Assets - The company’s inventory increased to RMB 39,577,613.69 from RMB 21,673,769.35, indicating a significant rise of approximately 82.5%[16]. - The company’s total current assets reached RMB 546,700,214.70, compared to RMB 476,948,062.29 in the previous period, marking an increase of about 14.6%[16]. - The company’s non-current assets totaled RMB 431,977,025.69, a slight increase from RMB 429,680,738.11, showing a growth of approximately 0.5%[16]. - The company’s other receivables increased slightly to RMB 2,690,442.12 from RMB 2,678,908.48, indicating a marginal growth[16]. Financial Expenses and Tax Liabilities - The company’s financial expenses improved, showing a reduction from CNY -3,401,183.68 in 2024 to CNY -1,916,926.41 in 2025[21]. - Deferred income tax liabilities increased to CNY 32,459,640.83 in 2025 from CNY 27,911,392.14 in 2024, representing an increase of about 16%[18]. Accounting Standards - The company will not apply new accounting standards starting from 2025[28].

宁波中百股份有限公司 2025 年第三季度报告 证券代码：600857 证券简称：宁波中百 宁波中百股份有限公司 2025 年第三季度报告 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 89,672,759.40 | -56.01 | 378,585,123.47 | -46.03 | | 利润总额 | 37,827,707.11 | 168.99 | 58,982,694.67 | 不适用 | | 归属于上市公司股东的 | 28,375,973.55 | 164.65 | 46,011,611.18 | 不适用 | | 净利润 | | | | | | 归属于上市公司股东的 | 3,798,853.89 | 135.99 | 16,114,426.45 | 26.47 | | 扣除非经常性损益的净 | | | | | | 利润 | ...

证券代码：600857 证券简称：宁波中百 公告编号：2025-028 宁波中百股份有限公司 2025 年第三季度报告更正公告 本公司董事会、全体董事及相关股东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。 宁波中百股份有限公司（以下简称"宁波中百"）于 2025 年 10 月 30 日在上 海证券交易所网站（www.sse.com.cn）及指定媒体披露了《公司 2025 年第三季 度报告》。经公司事后审核发现，2025 年第三季度报告中"一、（三）主要会计 数据、财务指标发生变动的情况、原因"中个别数据有误，现对相关内容更正如 下，财务数据未经会计师事务所审计，提请投资者注意投资风险。 更正前： 主要会计数据、财务指标发生变动的情况、原因 | 项目名称 | 变动比例（%） | 主要原因 | | --- | --- | --- | | 营业收入_本报告期 | -46.03 | 减少的主要原因为黄金批发业务收入减少 | | 营业收入_年初至报告期 | -56.01 | 减少的主要原因为黄金批发业务收入减少 | | 末 | | | 更正后： | 项目名 ...

Core Insights - Ningbo Zhongbai (600857.SH) reported its Q3 2025 results on October 30, 2025, highlighting significant institutional investment [1] Institutional Holdings - As of October 29, 2025, two institutional investors disclosed holdings in Ningbo Zhongbai A-shares, totaling 45.6932 million shares, which represents 20.37% of the company's total equity [1] - The institutional investors include Tibet Zetian Investment Development Co., Ltd. and Hangzhou Jindi Commercial Management Co., Ltd., with a combined institutional holding ratio increase of 4.53 percentage points compared to the previous quarter [1] Public Fund Participation - In this reporting period, 14 public funds were disclosed, which were not reported in the previous quarter, including notable funds such as Huaxia Ruipan Taili Mixed A, Huaxia Dingrong Bond A, and Huatai Zijin CSI 1000 Index Enhanced Initiation A [1]

Core Viewpoint - The company, Ningbo Zhongbai, has provided a quarterly report ensuring the accuracy and completeness of its financial information, while also disclosing significant legal proceedings involving the auction of shares held by major shareholders [2][6][7]. Financial Data - The quarterly financial statements have not been audited, and the report covers the period from the beginning to the end of the quarter [3][8]. - The company has confirmed that there are no significant changes in accounting data and financial indicators that require explanation [5]. Shareholder Information - Major shareholders, including Tibet Zetian Investment Development Co., Ltd. and Zhu Renbao, are facing legal actions that will result in the auction of their shares, specifically 35,405,252 shares and 18,884,000 shares, respectively [6][7]. - The auction for Zhu Renbao's shares is scheduled for October 20, 2025, while Tibet Zetian's shares are set to be auctioned on November 22, 2025 [7]. Other Important Information - The company has received a court ruling regarding the auction of shares, which may impact its stock performance and investor sentiment [6][7].

Core Viewpoint - Ningbo Zhongbai (600857.SH) reported a significant decline in revenue for the first three quarters of 2025, while achieving a turnaround in net profit compared to the previous year [1] Financial Performance - The company achieved total operating revenue of 379 million yuan, representing a year-on-year decrease of 46.03% [1] - The net profit attributable to shareholders was 46.01 million yuan, a recovery from a loss of 8.01 million yuan in the same period last year [1] - Basic earnings per share were reported at 0.21 yuan [1]

证券代码：600857 证券简称：宁波中百 编号：2025-027 宁波中百股份有限公司 关于 2025 年第三季度经营数据的公告 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。 本公司根据《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》、《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》等规定的要求，现将 2025 年第三季度门店变动情况及主要经营数据披露如下： 一、报告期内公司无门店变动情况 二、报告期内公司无拟增加门店情况 三、报告期内主要经营数据情况 1、主营业务分行业情况 2、主营业务分地区情况 单位：元 币种：人民币 | 地区 | 营业收入 | 营业收入比上 年增减（%） | 毛利率（%） | 毛利率同比增减 | | | --- | --- | --- | --- | --- | --- | | 浙江地区 | 378,492,266.33 | -46.01 | 10.53 | 增加 4.63 | 个百分点 | | 合计 | 378,492,266.33 | -46.01 | 10 ...

Financial Performance - The company's operating revenue for the third quarter was ¥89,672,759.40, a decrease of 56.01% compared to the same period last year[5]. - Total profit for the third quarter reached ¥37,827,707.11, an increase of 168.99% year-on-year, primarily due to changes in the fair value of held stocks[5][9]. - Net profit attributable to shareholders was ¥28,375,973.55, reflecting a year-on-year increase of 164.65%[5][9]. - The basic earnings per share for the third quarter was ¥0.126, up 162.50% compared to the previous year[5][9]. - Total operating revenue for the first three quarters of 2025 was CNY 378,585,123.47, a decrease from CNY 701,432,271.47 in the same period of 2024, representing a decline of approximately 46%[20]. - Net profit for the first three quarters of 2025 was CNY 46,011,611.18, compared to a net loss of CNY 8,012,521.42 in the same period of 2024, marking a significant turnaround[21]. - The total comprehensive income for the first three quarters of 2025 was CNY 59,400,752.96, a substantial increase from CNY 10,158,456.71 in 2024[22]. - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.21, compared to a loss of CNY -0.04 in the same period of 2024[22]. Assets and Liabilities - The company's total assets increased by 7.95% to ¥978,677,240.39 compared to the end of the previous year[6]. - The total liabilities increased to CNY 87,889,160.64 in 2025 from CNY 75,241,473.61 in 2024, reflecting an increase of approximately 17%[18]. - The total equity attributable to shareholders increased by 7.14% to ¥890,788,079.75 compared to the end of the previous year[6]. - Total equity attributable to shareholders rose to CNY 890,788,079.75 in 2025, up from CNY 831,387,326.79 in 2024, showing an increase of about 7%[18]. - The company reported total assets of RMB 978,677,240.39 as of September 30, 2025, an increase from RMB 906,628,800.40 on December 31, 2024, reflecting a growth of approximately 7.5%[15]. Cash Flow - Cash flow from operating activities for the third quarter was ¥6,466,075.40, a decrease of 40.29% year-on-year[5][9]. - Cash received from sales of goods and services was CNY 584,294,314.58 in the first three quarters of 2025, down from CNY 961,410,750.70 in 2024, a decrease of approximately 39%[25]. - Operating cash inflow totaled $594.2 million, a decrease from $973.4 million in the previous period[26]. - Cash outflow from operating activities was $605.5 million, compared to $952.2 million last year[26]. - Net cash flow from operating activities was negative at -$11.3 million, down from a positive $21.2 million[26]. - The net increase in cash and cash equivalents was -$5.6 million, contrasting with a positive increase of $5.8 million previously[27]. - The ending balance of cash and cash equivalents was $395.2 million, down from $454.3 million[27]. Shareholder Information - The company’s major shareholder, Tibet Zetian Investment Development Co., Ltd., holds 35,405,252 shares, representing 15.78% of total shares, which are currently frozen[12]. - Another significant shareholder, Zhu Renbao, owns 18,884,000 shares, accounting for 8.42% of total shares, which are also frozen[12]. - The company is facing potential judicial auctions of shares held by major shareholders, with 35,405,252 shares scheduled for auction on November 22, 2025, and 18,884,000 shares on October 20, 2025[14]. - The company has not reported any changes in the shareholding structure of the top 10 shareholders during the reporting period[13]. Inventory and Current Assets - The company’s inventory increased to RMB 39,577,613.69 from RMB 21,673,769.35, indicating a significant rise of approximately 82.6%[16]. - The company’s total current assets reached RMB 546,700,214.70, up from RMB 476,948,062.29, representing an increase of about 14.6%[16]. - The company’s non-current assets totaled RMB 431,977,025.69, a slight increase from RMB 429,680,738.11, showing a growth of approximately 0.5%[16]. - The company’s other receivables increased slightly to RMB 2,690,442.12 from RMB 2,678,908.48, indicating a marginal growth[16]. Investment and Financial Expenses - The financial expenses for the first three quarters of 2025 were reported at CNY -1,916,926.41, an improvement from CNY -3,401,183.68 in 2024[21]. - The company reported a significant increase in investment income to CNY 7,016,712.05 in 2025, compared to CNY 4,317,922.44 in 2024, representing an increase of approximately 62%[21]. Accounting Standards - The company will not apply new accounting standards starting from 2025[28].

Group 1 - Ningbo Zhongbai reported a revenue of approximately 379 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 46.03% [1] - The net profit attributable to shareholders of the listed company was approximately 46.01 million yuan, with a basic earnings per share of 0.205 yuan [1] - As of the report date, Ningbo Zhongbai's market capitalization was 3.6 billion yuan [2]

Core Viewpoint - Ningbo Zhongbai announced that there were no changes in store numbers and no plans to increase stores in the third quarter of 2025. The company reported a significant decline in revenue and provided insights into its performance metrics [1]. Financial Performance - The main business revenue for the reporting period was 378 million yuan, representing a year-on-year decrease of 46.01% [1]. - The gross profit margin was 10.53%, which is an increase of 4.63 percentage points compared to the previous year [1]. Segment Analysis - In terms of industry, both the commercial sector and department store retail generated revenue of 378 million yuan, with a year-on-year decline of 46.01% and a gross profit margin of 10.53%, reflecting a 4.63 percentage point increase [1]. - Regionally, revenue from the Zhejiang area was also 378 million yuan, showing a year-on-year decrease of 46.01%, with a gross profit margin of 10.53%, which is an increase of 4.63 percentage points [1].