Core Viewpoint - The general retail sector experienced a decline of 1.65% on October 30, with Huijia Times leading the drop. The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1][2]. Group 1: Market Performance - The general retail sector saw a net outflow of 698 million yuan from main funds, while retail investors contributed a net inflow of 677 million yuan [2][3]. - Key stocks in the general retail sector showed mixed performance, with some stocks like Quanzhenhao and Jiajia Ni rising by 2.75% and 2.28% respectively, while Huijia Times fell by 5.35% [1][2]. Group 2: Stock Details - Notable stocks and their performance include: - Quanzhenhao (000007) closed at 8.21 with a rise of 2.75% and a trading volume of 271,800 shares [1]. - Huijia Times (603101) closed at 10.43, down 5.35% with a trading volume of 219,800 shares [2]. - Zhejiang Dongri (600113) had a net inflow of 37.01 million yuan from main funds, but saw a net outflow from retail investors [3].

Core Viewpoint - Huijia Times (603101.SH) reported its Q3 2025 results, indicating a total of 15 institutional investors holding shares, amounting to 37.36 million shares, which represents 7.94% of the total share capital [1] Group 1: Institutional Investors - A total of 15 institutional investors disclosed their holdings in Huijia Times, with a combined shareholding of 37.36 million shares, accounting for 7.94% of the total share capital [1] - The top ten institutional investors collectively hold 7.68% of the shares, which is a decrease of 2.39 percentage points compared to the previous quarter [1] Group 2: Public Funds - Two public funds increased their holdings compared to the previous period, with an increase rate of 0.10% [2] - Seven new public funds disclosed their holdings this quarter, including Wan Jia New Opportunities Leading Enterprises Mixed A and others [2] - Fifty public funds were not disclosed in this quarter compared to the previous one, including notable funds like Huaxia Industry Prosperity Mixed A and others [2] Group 3: Social Security Funds - One social security fund was not disclosed in this quarter compared to the previous one, specifically Huaxia Fund Management Co., Ltd. - Social Security Fund 422 Portfolio [2]

Core Viewpoint - The company, as a retail leader in the Xinjiang region, is poised to capitalize on the recovery of local consumer spending and the increase in tourist numbers, maintaining a competitive advantage in the market [1] Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 1.868 billion yuan, a year-on-year increase of 1.18%, with the third quarter revenue at 597 million yuan, reflecting a year-on-year decrease of 1.12% [2] - The net profit attributable to shareholders for the first three quarters of 2025 was 80 million yuan, up 60.05% year-on-year, while the net profit excluding non-recurring items was 74 million yuan, an increase of 86.65% year-on-year [2] - In the third quarter of 2025, the net profit attributable to shareholders was 13 million yuan, a year-on-year increase of 48.23%, and the net profit excluding non-recurring items was 11 million yuan, up 186.93% year-on-year [2] Business Development - The company has been actively advancing the transformation of its supermarket business, with significant progress noted after the reopening of the Beijing Road store in August, which has achieved over 90% synchronization with the product structure of the successful "胖东来" model [3] - By the end of the third quarter, the company had completed transformations in 8 stores across 7 cities, while also optimizing underperforming locations [3] - The gross margin of the supermarket business improved by 5.69 percentage points year-on-year, with expectations for further benefits in the fourth quarter as stores ramp up operations [3] Strategic Initiatives - The company is pioneering low-altitude economy initiatives, having launched drone delivery trials in July, which significantly reduce delivery times for agricultural products [4] - Plans are in place to enhance helicopter services in scenic areas, aligning with the growth opportunities presented by the low-altitude economy [4] Investment Outlook - The company is expected to see positive results from its supermarket business adjustments, with revised net profit forecasts for 2025-2027 set at 108 million, 156 million, and 214 million yuan, corresponding to price-to-earnings ratios of 48X, 33X, and 24X respectively, maintaining a "buy" rating [4]

Core Viewpoint - Huijia Times (603101.SH) reported a total operating revenue of 1.868 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 1.18% [1] - The net profit attributable to shareholders of the parent company reached 80.41 million yuan, marking a significant year-on-year increase of 60.05% [1] - The basic earnings per share stood at 0.1709 yuan [1] Financial Performance - Total operating revenue for the first three quarters: 1.868 billion yuan [1] - Year-on-year revenue growth: 1.18% [1] - Net profit attributable to shareholders: 80.41 million yuan [1] - Year-on-year net profit growth: 60.05% [1] - Basic earnings per share: 0.1709 yuan [1]

Core Insights - The company reported a revenue of 1.868 billion yuan for the first three quarters of 2025, a year-on-year increase of 1.18%, and a net profit of 80.41 million yuan, reflecting a significant growth of 60.05% compared to the previous year [1] - The third quarter performance showed a revenue of 597 million yuan, remaining stable compared to the previous period, with a net profit of 13.36 million yuan, up 48.23% year-on-year [1] - The company's business upgrades, including supermarket renovations, supply chain optimization, and digital transformation, have solidified its leading position in the Xinjiang retail market [1] Revenue and Profit Performance - For the first three quarters, the company achieved a net profit of 80.41 million yuan, with a year-on-year growth of 60.05% [1] - The net profit for the third quarter was 13.36 million yuan, representing a year-on-year increase of 48.23% [1] - The company's net profit after deducting non-recurring gains and losses reached 74.11 million yuan, marking an impressive growth of 86.65% compared to the same period last year [1] Business Upgrades and Strategies - The company is actively implementing a "learning from Pang Donglai" upgrade strategy for its supermarkets, with the first upgraded store in Urumqi achieving a first-day sales of 2.44 million yuan, a 286% increase year-on-year [2] - The company has completed upgrades for 8 supermarket stores across 7 cities, enhancing consumer engagement and sales performance [2] - The company is focusing on supply chain optimization and service upgrades to maintain its retail leadership in Xinjiang, with six major supply chains established [3] Digital Transformation and E-commerce - The company is leveraging big data and AI for a comprehensive digital transformation, enhancing operational efficiency across various departments [4] - A "warehouse-store integration" model is being developed to facilitate instant delivery and expand e-commerce capabilities [4] - The company is exploring low-altitude logistics as a new growth avenue, capitalizing on policy advantages to improve product distribution efficiency in remote areas [4]

Core Insights - The company, Huijia Times, reported a revenue of 1.868 billion yuan for the first three quarters of 2025, a year-on-year increase of 1.18%, and a net profit of 804.12 million yuan, up 60.05% year-on-year [1] - In Q3 2025, the company achieved a revenue of 597 million yuan, remaining stable compared to the previous period, with a net profit of 13.36 million yuan, a year-on-year growth of 48.23% [1] - The company's performance is attributed to multi-dimensional upgrades in its business, including supermarket renovations, supply chain optimization, and digital transformation [1] Business Upgrades - Under the national consumption boost policy, Huijia Times is actively implementing supermarket upgrades modeled after the "Pang Donglai" approach, with significant sales growth reported in its newly renovated stores [2] - The first "Pang Donglai-style" store in Urumqi achieved a first-day sales figure of 2.44 million yuan, a 286% increase year-on-year, and a first-week sales total exceeding 17 million yuan, up 272% [2] - The company has completed upgrades for 8 supermarket stores across 7 cities, enhancing consumer activity in the Xinjiang region [2] Supply Chain Strategy - The company aims to solidify its leading retail position in Xinjiang by optimizing its supply chain and enhancing service levels [3] - Huijia Times has established six major supply chains, including direct supply from major brands and local agricultural products, to address regional supply gaps [3] - The company is focusing on a "supply chain integration + warehouse-store combination + product replacement" strategy to improve the sourcing of fresh and daily goods [3] Digital Transformation - Huijia Times is leveraging big data and AI for a comprehensive digital transformation across all business areas, enhancing operational efficiency [4] - The company has implemented a smart collaboration platform and a data center to facilitate cross-departmental processes [4] - The company is also expanding its e-commerce presence by integrating online and offline sales channels [4] Low-altitude Economy - The company is capitalizing on the advantages of low-altitude resources and policies to explore new opportunities in the low-altitude economy [4] - With the national policy opening up low-altitude airspace for logistics, Huijia Times aims to improve product distribution efficiency in remote areas [4] - The integration of ground services and aerial channels is expected to enhance the company's market reach and operational capabilities in Xinjiang [4]

证券代码：603101 证券简称：汇嘉时代 公告编号：2025-037 新疆汇嘉时代百货股份有限公司 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个别及连带责任。 新疆汇嘉时代百货股份有限公司（以下简称"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》要求，现将公司 2025 年第三 季度主要经营数据披露如下： 一、门店变动情况 报告期内，综合考虑门店运营现状及市场环境，经公司总经理办公会研究决 定，汇嘉时代昌吉民街超市已于 2025 年 8 月 31 日闭店。 截至报告期末，公司在新疆地区拥有 6 家百货商场、5 家购物中心及 10 家 独立超市，受托管理 2 家购物中心及 1 家百货商场。6 家百货商场分别为：乌鲁 木齐中山路店、昌吉东方店、昌吉生活广场、五家渠店、克拉玛依准噶尔店、库 尔勒萨依巴格店；5 家购物中心分别为：乌鲁木齐北京路购物中心、昌吉购物中 心、库尔勒购物中心、阜康购物中心、克拉玛依购物中心；10 家独立超市分别 为：汇嘉时代乌鲁木齐喀什东路超市 ...

会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 证券代码：603101 证券简称：汇嘉时代 公告编号：2025-038 新疆汇嘉时代百货股份有限公司 关于召开 2025 年第三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： 会议召开时间：2025 年 11 月 14 日（星期五） 11:00-12:00 投资者可于 2025 年 11 月 07 日（星期五）至 11 月 13 日（星期四）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 hjsd@wuikatimes.com 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。 新疆汇嘉时代百货股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 11 ...

Group 1 - The core viewpoint of the article highlights the financial performance of Huijia Times, indicating a revenue increase and significant growth in net profit for the third quarter of 2025 [1] - For the first three quarters of 2025, the company reported revenue of approximately 1.868 billion yuan, representing a year-on-year increase of 1.18% [1] - The net profit attributable to shareholders was approximately 80.41 million yuan, showing a substantial year-on-year increase of 60.05% [1] - Basic earnings per share reached 0.1709 yuan, which is an increase of 60.06% compared to the previous year [1] Group 2 - As of the report, the market capitalization of Huijia Times stands at 5.2 billion yuan [2] - The A-share market has recently surpassed 4000 points, indicating a significant market resurgence after a decade of stagnation, with technology leading the market's new "slow bull" pattern [2]

Financial Performance - The company's operating revenue for the third quarter was ¥597,278,805.29, a decrease of 1.12% compared to the same period last year[4] - Total profit for the year-to-date period increased by 41.47% to ¥99,888,672.99[4] - Net profit attributable to shareholders for the third quarter was ¥13,364,319.69, reflecting a significant increase of 48.23% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the third quarter surged by 186.93% to ¥10,957,786.00[4] - Basic earnings per share for the third quarter was ¥0.0284, up 47.97% year-on-year[5] - Net profit for the first three quarters of 2025 was CNY 80,411,513.31, representing a significant increase of 60.2% from CNY 50,165,508.67 in the previous year[20] - Earnings per share (EPS) for the first three quarters of 2025 was CNY 0.1709, up from CNY 0.1068 in the same period of 2024, reflecting a growth of 60%[21] - The company reported a total profit of CNY 99,888,672.99 for the first three quarters of 2025, compared to CNY 70,607,089.50 in the previous year, marking an increase of 41.3%[20] Cash Flow - The net cash flow from operating activities for the third quarter was ¥152,734,523.69, an increase of 6.64% compared to the same period last year[4] - Cash inflow from operating activities totaled CNY 3,973,785,546.23, slightly down from CNY 4,002,204,642.23 in the previous year[23] - The net cash flow from operating activities was 281,940,808.30, an increase from 255,667,616.23 in the previous period[24] - The total cash outflow from operating activities amounted to 3,691,844,737.93, slightly down from 3,746,537,026.00[24] - The net cash flow from investing activities was -520,649,500.98, compared to -83,371,442.52 in the previous period, indicating increased investment outflows[24] - Cash inflow from financing activities totaled 1,274,690,836.42, up from 908,612,608.03 in the previous period[24] - The net cash flow from financing activities was 229,211,255.73, a significant improvement from -157,386,205.12 in the previous period[26] - The company paid 913,625,679.89 in debt repayments, compared to 847,005,951.94 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,948,387,383.02, representing a 6.91% increase from the end of the previous year[5] - Current assets totaled RMB 1,027,575,679.86, up from RMB 938,594,589.73, indicating an increase of about 9.4%[16] - Total liabilities amounted to RMB 3,526,105,111.97, compared to RMB 3,245,032,666.47, reflecting an increase of around 8.7%[17] - Non-current liabilities rose to RMB 728,467,028.55 from RMB 370,459,128.00, representing a significant increase of about 96.6%[17] - The company's equity totaled RMB 1,422,282,271.05, up from RMB 1,383,620,767.63, reflecting a growth of approximately 2.8%[17] - The company's total assets and equity increased to CNY 4,948,387,383.02 and CNY 1,422,282,271.05 respectively, compared to CNY 4,628,653,434.10 and CNY 1,383,620,767.63 in the previous year[18] Shareholder Information - The company reported a total of 37,475 common shareholders at the end of the reporting period[10] - The largest shareholder, Pan Jinhai, holds 56.40% of the shares, with 161,000,000 shares pledged[11] Operational Metrics - Total operating revenue for the first three quarters of 2025 reached CNY 1,868,462,646.08, a slight increase of 1.3% compared to CNY 1,846,730,354.46 in the same period of 2024[19] - Total operating costs decreased to CNY 1,769,367,085.50, down 0.7% from CNY 1,781,586,003.29 year-over-year[19] - Financial expenses rose to CNY 63,170,832.62, an increase from CNY 53,590,009.57 in the same period last year, primarily due to higher interest expenses[19] Inventory and Receivables - Accounts receivable rose to RMB 172,823,178.25 from RMB 127,761,416.80, marking an increase of about 35.2%[15] - Inventory decreased to RMB 333,443,961.77 from RMB 355,829,433.32, showing a decline of approximately 6.3%[16] - The company reported a decrease in accounts payable to RMB 495,561,232.32 from RMB 636,086,566.79, indicating a decline of about 22.1%[17] Employee and Tax Expenses - The company reported a decrease in cash paid to employees, totaling 191,041,263.23, compared to 184,337,470.72 in the previous period[24] - The company’s cash outflow for taxes paid was 119,360,729.72, slightly down from 125,494,828.29 in the previous period[24]