Core Insights - The company reported a net profit increase of 10.64% year-on-year for the first half of 2025, despite a decline in total revenue [1] - Total revenue for the company was 92.03 million, a decrease of 12.23% year-on-year, while the net profit attributable to shareholders was 57.86 million, reflecting a 10.64% increase [1] Financial Performance - In Q2, total revenue was 41.45 million, down 9.75% year-on-year, but net profit attributable to shareholders surged by 156.65% to 41.05 million [1] - The gross margin stood at 88.26%, a decrease of 2.61% year-on-year, while the net profit margin increased by 26.07% to 62.82% [1] - Total selling, administrative, and financial expenses amounted to 39.95 million, accounting for 43.41% of revenue, which is an 18.61% increase year-on-year [1] - Earnings per share (EPS) was 0.15, reflecting a 7.14% increase year-on-year, while operating cash flow per share was 0.02, down 23.68% [1] Return on Investment - The company's return on invested capital (ROIC) was 5.64% last year, indicating average capital returns, with a historical median ROIC of 6.13% over the past decade [2] - The net profit margin was notably high at 68.25%, suggesting significant added value in products or services [2] - The lowest recorded ROIC in the past decade was 0.38% in 2023, indicating generally weak investment returns [2] Debt Servicing Capability - The company maintains a healthy cash asset position, indicating strong debt servicing capability [2]

Core Points - The company held the 10th meeting of the 11th Supervisory Board on August 27, 2025, in Hangzhou, with all three supervisors present, meeting the legal requirements for quorum [1][2] - The Supervisory Board approved the 2025 semi-annual report, confirming that the internal management systems and information presented accurately reflect the company's operational and financial status [1][2] - The company appointed Tianjian Accounting Firm as the auditor for the 2025 financial statements and internal control, with an audit fee of 530,000 yuan, including 400,000 yuan for the annual report audit and 130,000 yuan for internal control audit [2] - The company recognized a fair value change gain and credit impairment loss affecting the net profit attributable to the parent company of -12.1782 million yuan for the first half of 2025 [2][3] - The Supervisory Board approved the proposal to abolish the Supervisory Board and transfer its responsibilities to the Audit Committee of the Board of Directors, along with corresponding amendments to the Articles of Association [3]

Group 1 - The company, Baida Group, will hold its third extraordinary general meeting of shareholders on September 15, 2025, at 14:30 [1][2] - The meeting will take place at the conference room on the 34th floor of West Lake International, No. 22 Nanyuan Street, Linping District, Hangzhou [1][2] - Shareholders can vote through the Shanghai Stock Exchange's online voting system, with voting available from 9:15 to 15:00 on the day of the meeting [1][4] Group 2 - The meeting will include both on-site and online voting methods, allowing shareholders to participate in the decision-making process [2][3] - Shareholders must register for the meeting by providing necessary documentation, including a power of attorney if applicable [6][7] - The registration period is set for September 12, 2025, from 14:00 to 16:00 [6][7] Group 3 - The company has specified that shareholders who hold multiple accounts can aggregate their voting rights across all accounts [4][5] - The voting results will be determined by the first vote cast if multiple votes are submitted for the same resolution [5][7] - The company has provided contact information for inquiries related to the meeting [6]

Group 1 - The company plans to cancel the supervisory board and amend its articles of association, which will be submitted for shareholder approval [6][8][50] - The company has proposed to revise certain internal regulations to enhance corporate governance [2][51] - The company will disclose the revised articles of association and internal regulations on the Shanghai Stock Exchange website [1][2] Group 2 - The company held its 11th Supervisory Board's 10th meeting on August 27, 2025, where it approved the 2025 semi-annual report [4][46] - The supervisory board unanimously agreed to appoint Tianjian Accounting Firm as the auditor for the 2025 financial statements, with an audit fee of 530,000 yuan [5][48][20] - The company confirmed a net profit impact of -12.1782 million yuan due to fair value changes and credit impairment losses for the first half of 2025 [5][59][60] Group 3 - The company will submit the proposal to cancel the supervisory board and amend the articles of association to the shareholders' meeting for approval [8][50] - The company has decided to dissolve its subsidiary Hangzhou Baicui Network Technology Co., Ltd. due to its small business scale and lack of profitability [27][30] - The dissolution of the subsidiary is not expected to have a significant impact on the company's consolidated financial statements [30][31] Group 4 - The company will hold its third extraordinary shareholders' meeting on September 15, 2025, to discuss the proposed changes [31][32] - The meeting will utilize both on-site and online voting methods for shareholders [33][34] - Shareholders must register for the meeting by providing necessary documentation [39][40]

Core Insights - The company reported a total operating revenue of 92.03 million yuan, ranking 48th among disclosed peers, with a year-on-year decrease of 12.23% [1] - The net profit attributable to shareholders was 57.86 million yuan, with net cash inflow from operating activities at 8.92 million yuan, ranking 38th among peers, down 23.68% year-on-year [1] - The latest asset-liability ratio is 7.30%, an increase of 0.10 percentage points from the previous quarter [3] - The latest gross profit margin is 88.26%, down 1.04 percentage points from the previous quarter and down 2.37 percentage points year-on-year [4] - The latest return on equity (ROE) is 2.48% [4] - The diluted earnings per share are 0.15 yuan [5] - The total asset turnover ratio is 0.04 times, ranking 48th among peers, down 13.81% year-on-year [5] - The inventory turnover ratio is 13.97 times, down 44.78% year-on-year [5]

Group 1 - The company Baida Group (SH 600865) held its 11th session of the 14th board meeting on August 27, 2025, in Hangzhou, where it reviewed proposals including the revision of certain company systems [1] - For the year 2024, Baida Group's revenue composition is entirely from the trade service industry, accounting for 100.0% [2]

Core Viewpoint - The company announced the appointment of Tianjian Accounting Firm as the auditor for the 2025 financial statements and internal control audit, following prior communication with the current auditor, Lixin Accounting Firm, which has acknowledged the change without objection [1]. Group 1 - The company intends to hire Tianjian Accounting Firm for the 2025 audit [1] - Prior communication regarding the change was conducted with Lixin Accounting Firm, which confirmed no objections [1]

证券代码：600865 证券简称：百大集团 公告编号：2025-044 百大集团股份有限公司 关于召开2025年第三次临时股东大会的通知 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。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 9 月 15 日 至2025 年 9 月 15 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 股东大会召开日期：2025年9月15日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (一) 股东大会类型和届次 2025年第三次临时股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者 ...

股票代码：600865 股票简称：百大集团 编号：临 2025-039 百大集团股份有限公司 第十一届监事会第十次会议决议公告 本公司监事会及全体监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。 一、审议通过《2025 年半年度报告全文及摘要》，并发表审核意见如下： 监事会根据《证券法》、《公开发行证券的公司信息披露内容与格式准则第 3 号— —半年度报告的内容与格式》和上海证券交易所《股票上市规则》的相关规定和要求， 对公司 2025 年半年度报告进行了严格的审核。监事会认为： 1、公司 2025 年半年度报告的编制和审议程序符合法律、法规、公司章程和公司 内部管理制度的各项规定； 2、公司 2025 年半年度报告的内容和格式符合中国证监会和证券交易所的各项规 定，所包含的信息能从各个方面真实地反映出公司报告期的经营管理和财务状况等事 项； 3、在提出本意见前，没有发现参与 2025 年半年度报告编制和审议的人员有违反 保密规定的行为。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 二、审议通过《关于变更会计师事务所的议案》。监事会同意 ...

股票代码：600865 股票简称：百大集团 编号：临 2025-038 百大集团股份有限公司 第十一届董事会第十四次会议决议公告 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。 百大集团股份有限公司（以下简称"公司"）于 2025 年 8 月 27 日在杭州召开第 十一届董事会第十四次会议。本次会议的通知已于 2025 年 8 月 15 日通过电子邮件和 微信的方式送达全体董事。本次会议采取现场会议结合通讯表决的方式召开，会议应 参加表决董事 9 人，实际参加表决董事 9 人，公司监事和高级管理人员列席会议。会 议符合法定人数和程序，由董事长吴南平先生主持。会议审议并一致同意通过了以下 议案： 一、审议通过《2025 年半年度总经理工作报告》。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 1 五、审议通过《关于取消监事会设置并修订<公司章程>的议案》。《公司章程》修订情 况详见与本公告同时披露的 2025-042 号公告，修订后的《公司章程》全文详见上海 证券交易所网站 （www.sse.com.cn）。 表决结果： ...