证券代码：605188 证券简称：国光连锁 公告编号：2025-051 江西国光商业连锁股份有限公司 2025 年第三季度主要经营数据公告 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。 | | | | 主营业务分行业情况 | | | | | --- | --- | --- | --- | --- | --- | --- | | 分行业 | 营业收入 | 营业成本 | 毛利率 | 营业收入比 | 营业成本比 | 毛利率比上年增减 | | | | | （%） | 上年增减（%） | 上年增减（%） | | | 零售 | 199,093.15 | 164,489.22 | 17.38 | 5.02 | 4.99 | 上升 0.03 个百分点 | | | | | | 主营业务分产品情况 | | | | 分产品 | 营业收入 | 营业成本 | 毛利率 | 营业收入比 | 营业成本比 | 毛利率比上年增减 | | | | | （%） | 上年增减（%） | 上年增减（%） | | | 超市 | 196,190.66 | 162,9 ...

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。 一、董事会会议召开情况 江西国光商业连锁股份有限公司（以下简称"公司"）于 2025 年 10 月 10 日以电子邮件的方式发出第三届董事会第九次会议通知，2025 年 10 月 15 日在 江西省吉安市青原区文天祥大道8号公司5楼会议室以现场结合通讯方式召开会 议，应出席会议的董事 9 人，实际出席会议的董事 9 人，公司高级管理人员列席 会议，本次董事会会议由董事长胡金根先生主持，会议的出席人数、召集、召开 和表决程序符合有关法律、法规和《江西国光商业连锁股份有限公司章程》的规 定，会议形成的决议合法有效。 二、董事会会议审议情况 经与会董事研究，会议审议通过了如下议案： （一）《关于公司 2025 年第三季度报告的议案》 证券代码：605188 证券简称：国光连锁 公告编号：2025-049 江西国光商业连锁股份有限公司 第三届董事会第九次会议决议公告 本议案经第三届董事会审计委员会第七次会议审议通过。 议案具体内容详见公司于 2025 年 10 月 16 日在上海证 ...

Core Viewpoint - The company has experienced a significant stock price increase of 36.16% since October 10, 2025, which is notably higher than the industry and Shanghai Composite Index, indicating potential market overreaction and irrational speculation risks [1] Summary by Categories Stock Performance - The company's stock price has risen by 36.16% cumulatively since October 10, 2025, with short-term gains significantly exceeding those of the industry and the Shanghai Composite Index [1] - As of October 15, the rolling price-to-earnings (P/E) ratio of the company is reported at 3031.26, which is substantially higher than the industry average P/E ratio of 24.92, suggesting a significant valuation deviation from the industry [1] Business Operations - The company operates in the chain supermarket and department store retail business [1] - There have been no significant changes in the company's main business, production operations, or operating environment compared to previous disclosures, and internal operational order remains normal [1]

Group 1 - Company Guoguang Chain reported Q3 performance with revenue of approximately 2.134 billion yuan, a year-on-year increase of 4.22% [1] - The net profit attributable to shareholders was about 11.49 million yuan, reflecting a year-on-year increase of 40.36% [1] - Basic earnings per share reached 0.0231 yuan, marking a year-on-year increase of 40% [1] Group 2 - The news highlights a significant opportunity in the silver rental market, with annualized interest rates soaring to 35% [1] - There is a global trend of silver being airlifted to the UK for profit, indicating a major short squeeze event [1]

Core Viewpoint - Guoguang Chain (605188) reported a decline in third-quarter revenue, indicating potential challenges in maintaining growth despite a positive trend in the first three quarters of the year [1] Financial Performance - The company's third-quarter operating revenue was 685 million yuan, a year-on-year decrease of 0.29% [1] - For the first three quarters, the operating revenue reached 2.134 billion yuan, reflecting a year-on-year increase of 4.22% [1] - The net profit attributable to shareholders in the third quarter was a loss of 8.41 million yuan, while the net profit for the first three quarters was 114.86 million yuan, showing a year-on-year growth of 40.36% [1] - Basic earnings per share for the third quarter were -0.0168 yuan per share [1]

Core Viewpoint - Guoguang Chain (605188.SH) has announced that its stock price has significantly outperformed the industry and the Shanghai Composite Index in the short term, indicating potential market sentiment overheating and irrational speculation risks [1] Company Summary - The company operates in the chain retail business, specifically in chain supermarkets and department stores [1] - As of the announcement date, the company's main business, production operations, and operating environment have not experienced significant changes compared to previous disclosures, and internal operational order remains normal [1] Valuation Summary - The company's rolling price-to-earnings (P/E) ratio stands at 3031.26, which is substantially higher than the industry average of 24.92, indicating a clear deviation between valuation and fundamentals [1]

Revenue and Profit - Total revenue for Q3 2025 was ¥685,372,289.04, a decrease of 0.29% compared to the same period last year[4] - The total profit for the year-to-date period was ¥17,452,892.78, an increase of 40.30% year-on-year[4] - Net profit attributable to shareholders for the year-to-date period was ¥11,485,617.85, reflecting a 40.36% increase compared to the previous year[4] - Basic earnings per share for the year-to-date period was ¥0.0231, up 40.00% year-on-year[6] - Net profit for the third quarter of 2025 was CNY 11,485,617.85, up from CNY 8,182,738.53 in the third quarter of 2024, reflecting an increase of about 40.1%[23] - The total profit for the third quarter of 2025 was CNY 17,452,892.78, up from CNY 12,439,489.91 in the same quarter of 2024, indicating an increase of approximately 40.5%[21] - The company reported a total revenue from sales of goods and services of CNY 2,551,732,215.71 for the first nine months of 2025, compared to CNY 2,464,852,911.05 in the same period of 2024, marking an increase of approximately 3.5%[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,792,762,490.08, representing a 4.59% increase from the end of the previous year[6] - Current assets totaled RMB 1,158,073,683.58 as of September 30, 2025, compared to RMB 1,094,999,789.12 at the end of 2024, reflecting a growth of 5.8%[16] - Non-current assets amounted to RMB 1,634,688,806.50, up from RMB 1,575,148,067.21, indicating an increase of 3.8%[17] - Total assets reached RMB 2,792,762,490.08, compared to RMB 2,670,147,856.33 at the end of 2024, marking a growth of 4.6%[18] - Total liabilities were RMB 1,612,777,014.45, an increase from RMB 1,551,743,834.74, representing a rise of 3.9%[18] - Shareholders' equity attributable to the parent company was RMB 1,179,985,475.63, compared to RMB 1,118,404,021.59, reflecting a growth of 5.5%[18] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥185,133,473.18, an increase of 2.10% year-on-year[4] - Cash flow from operating activities for the first nine months of 2025 was CNY 185,133,473.18, slightly up from CNY 181,333,225.84 in the same period of 2024[26] - Cash inflow from investment activities in the first nine months of 2025 was CNY 905,534,326.05, compared to CNY 401,837,222.68 in the same period of 2024, showing a significant increase of approximately 125.5%[26] - Net cash flow from investment activities for the first nine months of 2025 was -CNY 538,517,411.24, an improvement from -CNY 607,654,463.26 in the same period of 2024[26] - Total cash and cash equivalents at the end of the third quarter of 2025 were CNY 191,811,732.78, down from CNY 196,110,775.45 at the end of the third quarter of 2024[27] - Cash and cash equivalents decreased to RMB 234,811,732.78 from RMB 644,805,276.20, a decline of 63.6%[15] Operational Performance - The company focused on enhancing its operational philosophy of "good quality, good price, good life," leading to increased gross profit despite a slight decline in sales[10] - Total operating revenue for the first three quarters of 2025 reached RMB 2,133,760,157.44, an increase of 4.2% compared to RMB 2,047,355,746.71 in the same period of 2024[20] - Total operating costs for the third quarter of 2025 were CNY 2,120,967,757.96, an increase from CNY 2,045,383,671.08 in the same period of 2024, representing a growth of approximately 3.7%[21] - The company incurred financial expenses of CNY 25,063,378.88 in the third quarter of 2025, compared to CNY 20,847,379.34 in the same quarter of 2024, reflecting an increase of about 20.5%[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,881[12] - Basic earnings per share for the third quarter of 2025 were CNY 0.0231, compared to CNY 0.0165 in the same quarter of 2024, indicating a growth of approximately 39.8%[24]

国光连锁公告，2025年第三季度营收为6.85亿元，同比下降0.29%；归属于上市公司股东的净亏损 841.23万元。前三季度营收为21.34亿元，同比增长4.22%；归属于上市公司股东的净利润为1148.56万 元，同比增长40.36%。 ...

Core Insights - The company reported a retail revenue of 1.991 billion yuan for the first nine months, representing a year-on-year increase of 5.02% [1] - The cost of goods sold was 1.645 billion yuan, with a year-on-year increase of 4.99% [1] - The gross profit margin improved slightly to 17.38%, an increase of 0.03 percentage points [1] Revenue Breakdown - Supermarket revenue reached 1.962 billion yuan, showing a year-on-year growth of 5.22% [1] - Department store revenue was 29.0249 million yuan, reflecting a year-on-year decline of 6.85% [1] Store Operations - The company did not open any new stores during the period but optimized its layout by closing 6 stores, totaling an area of 6,892.66 square meters [1]

Core Insights - The company reported a third-quarter revenue of 685 million yuan, representing a year-on-year decline of 0.29% [1] - The net profit for the third quarter was a loss of 8.41 million yuan [1] - For the first three quarters, the company achieved a revenue of 2.134 billion yuan, which is a year-on-year increase of 4.22% [1] - The net profit for the first three quarters was 114.86 million yuan, showing a significant year-on-year growth of 40.36% [1]