Group 1 - The A-share tax refund store sector has shown a continuous rise, with Maoye Commercial reaching the daily limit increase [2] - Hangzhou Xie Bai previously hit the daily limit, while Bai Da Group increased by over 5% [2] - Other stocks such as Guangbai Co., Hebai Group, Yuyuan, Bailian Group, and New World also experienced gains [2]

本报讯 （记者吴文婧）1月20日，百大集团股份有限公司（以下简称"百大集团"）发布2025年年度业绩 预告。公告显示，公司预计2025年度实现归母净利润约700万元，同比减少1.26亿元，降幅达94.73%。 同时，公司预计2025年度实现营业收入约2亿元，同比小幅增长2.87%；扣除非经常性损益后的净利润 约为7500万元，同比下降4.83%。整体来看，在主营业务相对平稳的情况下，百大集团2025年归母净利 润"大跳水"主要是由于非经常性损益的大幅波动。 从具体原因看，公允价值变动成为拖累业绩的核心因素。公告显示，2024年度，百大集团确认公允价值 变动收益约2356.84万元，而2025年度公司确认公允价值变动收益约-1.37亿元，同比减少归母净利润约 1.35亿元。 其中，一方面，百大集团依据杭州工商信托股份有限公司提供的未经审计年报数据，确认相关公允价值 变动收益约-9440万元；另一方面，公司所持二级市场股票因股价下跌，确认公允价值变动收益约-6160 万元，对公司当期利润形成了显著冲击。 （文章来源：证券日报） ...

Group 1 - The trust concept sector declined by 1.09%, ranking among the top declines in concept sectors, with companies like Huaguang Huaneng, Delong Huineng, and Maoye Commercial experiencing significant drops [1][2] - Among the trust concept stocks, three companies saw price increases, with Hongda Co., New Huangpu, and Jianyuan Trust rising by 1.80%, 1.10%, and 0.34% respectively [1][2] - The trust concept sector experienced a net outflow of 381 million yuan, with 17 stocks facing net outflows, and six stocks seeing outflows exceeding 30 million yuan [2][3] Group 2 - The top net outflow stock was Zhongyou Capital, with a net outflow of 105 million yuan, followed by Guowang Yingda and Huaguang Huaneng with net outflows of 89.28 million yuan and 68.60 million yuan respectively [2][3] - The leading stocks for net inflow in the trust concept sector included Hongda Co., Guotou Investment, and Zhejiang Dongfang, with net inflows of 45.47 million yuan, 18.86 million yuan, and 13.57 million yuan respectively [2][3] - The trading volume for Zhongyou Capital was 0.60%, while Guowang Yingda had a trading volume of 1.29%, indicating varying levels of investor activity within the sector [3]

Core Viewpoint - The A-share market's retail and chain sector experienced a significant rally, with notable stock performances, following the announcement of a new strategic plan for expanding domestic demand from 2026 to 2030 by the National Development and Reform Commission [1] Group 1: Market Performance - As of 10:58 AM on January 20, the retail and chain sector rose over 0.9% [1] - Shanghai Jiubai reached its daily limit, while HeBai Group and Huitong Energy increased by over 6% [1] Group 2: Policy Announcement - Wang Changlin, Deputy Director of the National Development and Reform Commission, announced plans to formulate a strategic implementation plan for expanding domestic demand for the years 2026 to 2030 [1]

Group 1 - The core viewpoint of the article is that Baida Group (600865.SH) expects a significant decline in net profit for the fiscal year 2025, projecting a profit of 7 million yuan, which represents a year-on-year decrease of 94.73% [2] Group 2 - Baida Group's forecast indicates a challenging financial outlook, highlighting potential operational difficulties or market conditions affecting profitability [2] - The announcement reflects broader trends in the industry that may impact similar companies, suggesting a need for investors to closely monitor financial performance and market dynamics [2]

Core Viewpoint - The company Baida Group (600865.SH) forecasts a significant decline in net profit for the year 2025, projecting a net profit of 7 million yuan, which represents a decrease of 12,575.61 million yuan or 94.73% compared to the previous year [1] Financial Performance Summary - The expected net profit attributable to the parent company's owners for 2025 is 7 million yuan, down 94.73% year-on-year [1] - The projected net profit after deducting non-recurring gains and losses is approximately 7.5 million yuan, reflecting a decrease of 380.60 million yuan or 4.83% year-on-year [1] Reasons for Performance Decline - The primary reason for the performance decrease is the impact of non-recurring gains and losses [1] - In 2024, the company recognized a fair value change gain of 23.5684 million yuan, while for 2025, it anticipates a fair value change loss of approximately 137 million yuan, leading to a year-on-year decrease in net profit attributable to the parent company's owners of about 135 million yuan [1] - The losses are mainly due to the recognition of a fair value change loss of approximately 94.4 million yuan based on the unaudited annual report data of Hangzhou Industrial Trust Co., Ltd., and a fair value change loss of approximately 61.6 million yuan from the decline in stock prices of secondary market stocks held by the company [1]

Core Viewpoint - The company Baida Group (600865.SH) forecasts a significant decline in its net profit for the year 2025, projecting a net profit of 7 million yuan, which represents a decrease of 12,575.61 million yuan or 94.73% compared to the previous year [1] Financial Performance Summary - The expected net profit attributable to the parent company for 2025 is 7 million yuan, down 94.73% year-on-year [1] - The projected net profit after deducting non-recurring gains and losses is approximately 7.5 million yuan, reflecting a decrease of 380.60 million yuan or 4.83% year-on-year [1] Impact of Non-Recurring Gains and Losses - The primary reason for the profit reduction is attributed to the impact of non-recurring gains and losses [1] - In 2024, the company recognized a fair value change gain of 23.5684 million yuan, while for 2025, it anticipates a fair value change loss of approximately 137 million yuan, leading to a year-on-year decrease in net profit attributable to the parent company of about 135 million yuan [1] - The loss is mainly due to the recognition of a fair value change loss of approximately 94.4 million yuan based on the unaudited annual report data of Hangzhou Industrial Trust Co., Ltd., and a fair value change loss of approximately 61.6 million yuan from the decline in stock prices of secondary market stocks held by the company [1]

格隆汇1月19日丨百大集团(600865.SH)公布，经财务部门初步测算，预计2025年度实现归属于母公司所 有者的净利润700万元，同比减少94.73%。预计2025年度实现归属于母公司所有者的扣除非经常性损益 的净利润7,500万元，同比减少4.83%。预计2025年度营业收入为2亿元，与上年同期相比，将增加 557.23万元，同比增加2.87%。 ...

Core Viewpoint - The company has approved a proposal to utilize idle funds for entrusted financial management, allowing for an investment of up to 1.5 billion RMB [1] Group 1: Financial Management - The company will use no more than 1.5 billion RMB of idle self-owned funds for entrusted financial management [1] - From December 4, 2025, to January 16, 2026, the company redeemed a total of 240.6843 million RMB in principal from financial products and received corresponding earnings of 634,400 RMB [1] - As of January 16, 2026, the balance of entrusted financial management stood at 1.1150183 billion RMB, which includes 224.5750 million RMB in bank financial products, 163 million RMB in securities firm financial products, and 727.4433 million RMB in trust products [1] Group 2: Financial Losses - The financial loss incurred was primarily due to exchange rate losses [1]

股票代码：600865 股票简称：百大集团 编号：临 2026-003 百大集团股份有限公司 关于收回委托理财本金及收益的公告 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。 百大集团股份有限公司（以下简称"公司"）第十一届董事会第十一次会议以及 2024 年年度股东大会审议通过《关于利用闲置资金进行委托理财的议案》，同意公司 （含子公司）使用不超过 15 亿元人民币的闲置自有资金进行委托理财。详见在指定 媒体上披露的相关公告。 | 产品名称 | | 受托方名 | 产品 | 收益类型 | 收回本金 | 收到收益 | 未收回本金 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 称 | 类型 | | | | | | 招商银行日日鑫 | | 招商银行股 | 银行理 | 非保本浮动 收益 | 46.00 | 0.12 | 0.00 | | 理财计划 | | 份有限公司 | 财 | | | | | | 幸福 99 享优选)7 | 添益(安 天持有 | 杭银理财有 限责任 ...