证券日报网讯 10月13日晚间，家家悦发布2025年半年度权益分派实施公告称，公司2025年半年度权益 分派方案为A股每股现金红利0.16元（含税），股权登记日为2025年10月20日，除权（息）日及现金红 利发放日均为2025年10月21日。 （文章来源：证券日报） ...

Core Points - The company Jiajiayue announced that as of October 13, 2025, its stock price has been below 85% of the current conversion price of "Jia Yue Convertible Bonds" for ten trading days, which is 10.72 CNY per share [2] - This situation is expected to trigger the downward adjustment clause for the conversion price of "Jia Yue Convertible Bonds" [2] - If the company's stock price meets the relevant conditions for at least fifteen out of any thirty consecutive trading days, it may trigger the downward adjustment of the conversion price [2] - The company will determine whether to adjust the conversion price based on its prospectus and relevant laws and regulations after the triggering conditions are met, and will fulfill its information disclosure obligations in a timely manner [2]

| 证券代码：603708 | 证券简称：家家悦 | 公告编号：2025-067 | | --- | --- | --- | | 债券代码：113584 | 债券简称：家悦转债 | | 家家悦集团股份有限公司 关于"家悦转债"预计触发转股价格修正条件的提示 性公告 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。 重要内容提示： 截至 2025 年 10 月 13 日，公司股票已有十个交易日的收盘价低于当期转 股价格的 85%，预计触发转股价格向下修正条件。 一、可转债发行上市概况 （一）经中国证券监督管理委员会核准《关于核准家家悦集团股份有限公司 公开发行可转换公司债券的批复》（证监许可【2020】316 号），家家悦集团股 份有限公司（以下简称"公司"）于 2020 年 6 月公开发行了可转换公司债券 645 万张，每张面值人民币 100.00 元，发行总额为人民币 64,500.00 万元，期限 6 年， 债券票面利率为：第一年 0.40%、第二年 0.60%、第三年 1.00%、第四年 1.50%、 第五年 1.8 ...

东兴证券股份有限公司 关于家家悦集团股份有限公司 差异化权益分派特殊除权除息事项的核查意见 东兴证券股份有限公司(以下简称"东兴证券"或"保荐机构")作为家家 悦集团股份有限公司（以下简称"家家悦"或"公司"）2020年公开发行可转换 公司债券和2023年向特定对象发行股票的保荐机构,根据《中华人民共和国公司 法》《中华人民共和国证券法》《证券发行上市保荐业务管理办法》《上海证券交 易所股票上市规则》《上海证券交易所上市公司自律监管指引第1号 -- 规范运 作》(2025年5月修订)《上海证券交易所上市公司自律监管指引第7号 -- 国购股 份》等相关法律法规的规定,对本次家家悦利润分配所涉及的差异化权益分派特 殊除权除息相关事项进行了审慎核查,并出具核查意见如下: 一、差异化权益分派方案 公司于 2025 年 9 月 12 日召开 2025 年第一次临时股东会审议通过了《关于 公司 2025 年半年度利润分配方案的议案》。 2025 年半年度合并报表实现净利润 179.681,740.55 元,实现归属于上市公司 股东的净利润 182,910,708.64 元,报告期末合并报表可供股东分配的利润为 549,0 ...

家家悦集团股份有限公司2025年半年度权益分派实施公告 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： 每股分配比例 证券代码：603708 证券简称：家家悦 公告编号：2025-068 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放 | | --- | --- | --- | --- | --- | | | | | | 日 | | Ａ股 | 2025/10/20 | － | 2025/10/21 | 2025/10/21 | 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 9 月 12 日的2025年第一次临时股东会审议通过。 二、 分配方案 1. 发放年度：2025年半年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 A 股每股现金红利0.16元 相关日期 3. 差异化分红送转方案： （1）本次差异化分红方案 ...

调整后转股价格：12.45 元/股 | 证券代码：603708 | 证券简称：家家悦 | 公告编号：2025-066 | | --- | --- | --- | | 债券代码：113584 | 证券简称：家悦转债 | | 家家悦集团股份有限公司 关于 2025 年半年度权益分派引起的"家悦转债"转股 价格调整的公告 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： 证券停复牌情况：适用 因实施 2025 年半年度权益分派，本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 113584 | 家悦转债 | 可转债转股复牌 | | | 2025/10/20 | 2025/10/21 | 调整前转股价格：12.61 元/股 本次转股价格调整实施日期：2025 年 10 月 21 日 家家悦集团股份有限公司（以下简称"公司"）于 2020 年 ...

Retail Industry Overview - The total retail sales of consumer goods in China reached 24.55 trillion yuan in the first half of the year, with a year-on-year growth of 5.0%, slightly up from 3.7% in the same period last year [2] - Online retail sales amounted to 7.43 trillion yuan, growing by 8.5%, while offline retail sales were 17.12 trillion yuan, with a growth of 3.75%, indicating a shift in consumer shopping habits towards online platforms [2][5] Store Closures - In the first half of 2025, at least 1.71 million stores closed across various sectors, including major brands like Walmart, Starbucks, and Haidilao [2] - The supermarket sector saw at least 720 store closures, including national and regional brands such as Yonghui Supermarket and Hema [3][4] - The restaurant industry faced nearly 10,000 closures, while the apparel sector saw around 4,500 stores shut down [2][6] Supermarket Sector Challenges - Traditional supermarkets are experiencing accelerated closures due to increased competition from e-commerce and the rise of instant retail, which has grown from 36.6 billion yuan in 2017 to 650 billion yuan in 2023 [6] - Many supermarkets are closing underperforming stores and focusing on online business to adapt to changing consumer preferences [6][7] Department Store and Shopping Center Decline - The department store sector reported a year-on-year growth of only 1.2%, with at least 23 department stores and shopping centers closing in the first half of 2025 [8][9] - The decline is attributed to outdated business models and a lack of unique product offerings, leading to decreased foot traffic [11][12] Tea and Coffee Shop Closures - The tea and coffee sectors saw significant closures, with at least 6,673 tea and coffee shops shutting down in the first half of 2025 [13] - Brands like Heytea and Nayuki faced substantial store reductions, reflecting a market consolidation where only strong brands survive [15][20] Apparel Industry Adjustments - The apparel sector experienced a 3.1% year-on-year growth, with at least 4,563 clothing stores closing, including major brands like Semir and GU [21][24] - The closures are driven by high inventory levels, brand aging, and a shift towards larger store formats, which require higher operational efficiency [24][25][27] Cinema Industry Struggles - The cinema industry is facing a crisis, with a high vacancy rate of 30-40% and at least 38 cinemas closing in the first half of 2025 [28][30] - Factors contributing to this decline include high fixed costs, reliance on blockbuster films, and competition from streaming services [30][31][32] Other Industries - Various other sectors, including pet care, home improvement, and education, also experienced closures, indicating a broader trend of market contraction [34]

Group 1: Market Supervision - During the National Day holiday, market supervision departments implemented coordinated inspections across urban areas to ensure market order and food safety, emphasizing a strong sense of responsibility for public safety [1] - In the Jiajiayue central store, enforcement personnel checked mooncake gift boxes for production dates and shelf life, ensuring compliance with labeling standards and monitoring consumer complaint handling [2][5] - The Jiajiayue Group is committed to enhancing consumer shopping experiences and has established a "7-day return and exchange" policy along with a dedicated customer service channel for prompt responses to consumer issues [5] Group 2: Food Safety in Catering - Enforcement personnel conducted inspections in restaurants, focusing on hygiene, raw material sourcing, and compliance with regulations, particularly in areas with high tourist traffic [6][9] - The market supervision department has guided large and medium-sized restaurants to implement a "4D kitchen" standard, ensuring organized and responsible kitchen management, with over 450 restaurants inspected this year [8] - Inspections at the Zhihai Port Bay included checks on popular holiday food items like mooncakes and dried fruits, ensuring compliance with sourcing and labeling regulations [9] Group 3: Future Actions - The market supervision department plans to further enforce safety responsibilities among relevant entities and intensify efforts to maintain order in the tourism market, ensuring continuous oversight during holidays [11]

Core Points - The company announced a profit distribution plan for the first half of 2025, which was approved at the first extraordinary shareholders' meeting on September 12, 2025, proposing a cash dividend of RMB 1.60 per 10 shares (including tax) to shareholders registered on the equity distribution date [2][3] - The company will stop the conversion of its convertible bonds during the period from October 13, 2025, to the equity registration date, with the conversion resuming on the first trading day after the equity distribution [3] Summary by Sections Equity Distribution Plan - The company plans to distribute cash dividends based on the total share capital minus repurchased shares, with a specific amount of RMB 1.60 per 10 shares [2] - The number of shares held in the company's repurchase account is 19,455,017 shares, which will not participate in the equity distribution [2] Convertible Bonds Adjustment - Following the equity distribution, the company will adjust the conversion price of its convertible bonds according to the issuance terms and relevant regulations [3] - The company will publicly disclose the implementation announcement and the adjustment of the convertible bond conversion price on October 14, 2025 [3] Suspension of Conversion - The conversion of the company's convertible bonds will be suspended from October 13, 2025, until the equity registration date, with the ability to convert resuming on the first trading day after the equity distribution [3]

Core Viewpoint - The company announces the suspension of the conversion of its convertible bonds "Jia Yue Convertible Bonds" during the period of its 2025 semi-annual equity distribution, which is set to take place on October 14, 2025 [1][2]. Group 1: Equity Distribution Plan - The company plans to distribute cash dividends of RMB 1.60 per 10 shares (including tax) to shareholders registered on the equity distribution date, based on the total share capital minus repurchased shares [3]. - The company has repurchased 19,455,017 shares, which will not participate in this equity distribution [3]. - The equity distribution plan was approved at the company's first extraordinary general meeting on September 12, 2025, and the announcement was published on September 13, 2025 [3]. Group 2: Suspension of Conversion - The conversion of "Jia Yue Convertible Bonds" will be suspended from October 13, 2025, until the equity distribution registration date, after which it will resume [5]. - Holders of "Jia Yue Convertible Bonds" wishing to enjoy the equity distribution must convert their bonds before October 10, 2025 [5]. Group 3: Adjustment of Conversion Price - Following the equity distribution, the company will adjust the current conversion price of the "Jia Yue Convertible Bonds" in accordance with the terms outlined in the bond issuance prospectus [4].