中信证券股份有限公司 关于北京菜市口百货股份有限公司 首次公开发行股票部分限售股解禁上市流通的核查意见 一、本次限售股上市类型 经中国证券监督管理委员会《关于核准北京菜市口百货股份有限公司首次公 开发行股票的批复》(证监许可(2021)2670 号)文核准,菜百股份向社会公众 首次公开发行人民币普通股(A 股)(以下简称"首次公开发行")77,777,800 股, 并经上海证券交易所《关于北京莱市口百货股份有限公司人民币普通股股票上市 交易的通知》((2021)379号)审核同意,于2021年9月9日在上海证券交易 所挂牌上市。 本次上市流通的限售股为公司首次公开发行限售股,本次上市流通的限售股 股东为北京金正资产投资经营有限公司(以下简称"金正公司"),所对应股份数 量为 191,100,000 股,占公司目前股份总数的 24.57%。上述股份锁定期为自公司 股票上市之日起 36个月,将于 2024年9月9日锁定期届满并上市流通。 二、本次限售股形成后至今公司股本数量变化情况 中信证券股份有限公司(以下简称"中信证券")作为北京菜市口百货股份 有限公司(以下简称"菜百股份"、"菜百公司"或"公司")首次公开 ...

证券代码：605599 证券简称：菜百股份 公告编号：2024-033 北京菜市口百货股份有限公司 重要内容提示： 本次股票上市类型为首发股份；股票认购方式为网下，上市股数为 191,100,000 股。 本次股票上市流通总数为 191,100,000 股。 本次股票上市流通日期为 2024 年 9 月 9 日。 一、本次限售股上市类型 经中国证券监督管理委员会《关于核准北京菜市口百货股份有限公司首次公 开发行股票的批复》（证监许可〔2021〕2670 号）文核准，北京菜市口百货股份 有限公司（以下简称"公司"或"菜百公司"）向社会公众首次公开发行人民币 普通股（A 股）（以下简称"首次公开发行"）77,777,800 股，并经上海证券交 易所《关于北京菜市口百货股份有限公司人民币普通股股票上市交易的通知》 (〔2021〕379 号)审核同意，于 2021 年 9 月 9 日在上海证券交易所挂牌上市。 首次公开发行限售股上市流通公告 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、准确性和完整性依法承担法律责任。 则菜百公司有权在分红或支付本公司其他报酬时 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [1][3][7] Core Views - The company reported a revenue of 10.989 billion yuan in the first half of 2024, representing a year-on-year increase of 31.44%, while the net profit attributable to shareholders was 400 million yuan, down 3% year-on-year [1][4] - The growth in revenue is attributed to rising gold prices and increased demand for precious metal investment products, although profit margins were pressured due to changes in product mix [1][4] - The company is expanding its retail network, having opened 6 new stores in the first half of the year, bringing the total to 93 stores, with a focus on the North China region [1][4][6] - Online sales have shown strong growth, with the e-commerce subsidiary achieving a revenue of 2.299 billion yuan, up 49.99% year-on-year [1][4] Financial Performance Summary - The company's gross margin decreased by 2.42 percentage points to 9.07% due to a higher proportion of low-margin precious metal investment products [1][6] - The selling expense ratio and management expense ratio were 2.35% and 0.45%, respectively, both showing a year-on-year decrease, indicating good expense control [1][6] - Operating cash flow for the first half of the year was 940 million yuan, down 29.04% year-on-year, primarily due to increased inventory levels driven by rising gold prices and sales growth [1][6] Earnings Forecast and Valuation - The company has revised its net profit forecasts for 2024-2026 to 765 million, 878 million, and 1.008 billion yuan, respectively, with corresponding P/E ratios of 10.9, 9.5, and 8.3 times [1][7][9] - The long-term outlook for gold prices is expected to support investment consumption in the gold and jewelry sector, enhancing the company's sales and profitability [1][7]

菜百股份（605599.SH）2024 年半年报点评 收入增速良好，产品结构影响下毛利率短期承压 2024 年 08 月 31 日 [盈利预测与财务指标 Table_Forcast] ➢ 事件概述。8 月 29 日，菜百股份发布 2024 年半年度报告。24H1，实现营 收 109.89 亿元，同比+31.44%，实现归母净利润 4.00 亿元，同比-3.00%，实 现扣非归母净利润 3.86 亿元，同比-0.04%。24Q2，实现营收 46.73 亿元，同 比+41.26%，归母净利润为 1.27 亿元，同比-28.31%。扣非归母净利润为 1.34 亿元，同比-22.36%。 ➢ 坚持直营连锁模式，稳健开拓营销网络。1）线下夯实总店"大本营"作用， 连锁门店因地制宜精准营销，拓宽会员渠道。24H1，新开设线下门店 11 家， 形成销售增量。一方面，加密已有门店市场布局，持续深耕提升品牌知名度；另 一方面，华中地区武汉首店开业，进入新区域市场。截至 24H1 末，公司拥有包 括覆盖北京各行政区和天津、河北、包头、西安、苏州、武汉的 93 家直营连锁 门店以及包括菜百首饰自营官方商城及在京东、天猫、抖音等 8 ...

证券代码：605599 证券简称：菜百股份 公告编号：2024-031 北京菜市口百货股份有限公司 关于公司 2024 年半年度募集资金存放与实际使用情况 的专项报告 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。 根据《上市公司监管指引第2号——上市公司募集资金管理和使用的监管要求 （2022年修订）》和《上海证券交易所上市公司自律监管指引第1号——规范运作》 的有关规定，现将北京菜市口百货股份有限公司（以下简称"公司"或"本公司"） 2024年半年度募集资金存放与使用情况说明如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 本公司经中国证券监督管理委员会《关于核准北京菜市口百货股份有限公司首 次公开发行股票的批复》（证监许可〔2021〕2670号）文核准，并经上海证券交易 所同意，本公司由主承销商中信证券股份有限公司网下向符合条件的投资者询价配 售和网上向持有上海市场非限售A股股份和非限售存托凭证市值的社会公众投资者 定价发行相结合的方式发行人民币普通股（A股）7,777.78万股，每股面值1元，每 股发 ...

Financial Performance - The company's operating revenue for the first half of 2024 reached ¥10,989,403,654.40, representing a year-on-year increase of 31.44% compared to ¥8,360,632,220.13 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was ¥399,729,469.31, showing a decrease of 3.00% from ¥412,086,891.70 in the previous year[15]. - Basic earnings per share for the first half of 2024 were ¥0.51, down 3.77% from ¥0.53 in the same period last year[16]. - The total comprehensive income for the first half of 2024 was ¥403,748,368.99, compared to ¥416,736,778.17 in the first half of 2023, indicating a decline of 3.2%[99]. - The company reported a total operating profit of ¥516,142,746.12 for the first half of 2024, a decrease from ¥536,466,616.28 in the first half of 2023[99]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 29.04%, amounting to ¥940,723,189.97, primarily due to increased inventory levels caused by rising gold prices and sales growth[16]. - Cash and cash equivalents at the end of the period amounted to ¥1,590,280,037.56, representing 24.34% of total assets, down 8.21% from the previous year[25]. - The net cash flow from investing activities decreased by ¥123,542,292.66, mainly due to the purchase of financial products with idle funds during the reporting period[25]. - The company reported a total cash outflow from financing activities of CNY 585,783,036.68, compared to CNY 394,509,050.93 in the previous year, representing a 48.4% increase[101]. Assets and Liabilities - The total assets of the company increased by 2.78% to ¥6,532,997,389.18 compared to ¥6,356,462,210.21 at the end of the previous year[15]. - The total liabilities increased to ¥2,867,773,200.93 from ¥2,566,358,907.13, which is an increase of approximately 11.76%[90]. - The total equity attributable to shareholders decreased to ¥3,656,571,091.75 from ¥3,784,280,360.73, a decline of about 3.38%[90]. Business Operations and Strategy - The company focused on its core business development and maintained steady revenue growth despite market changes and challenges[16]. - The company has established a diversified sales network, including offline stores, bank channels, and online e-commerce platforms, with coverage across major cities[19]. - The company has implemented a digital transformation, integrating procurement, logistics, sales, and finance systems to improve operational efficiency and data sharing[22]. - The company has launched an online digital twin system that integrates sales and procurement data with security devices, achieving business visualization[22]. Market and Industry Trends - In the first half of 2024, the retail sales of gold and silver jewelry in China reached RMB 172.5 billion, with a year-on-year growth of 0.2%[19]. - The company is positioned to benefit from the growing consumer demand for gold jewelry, driven by factors such as wedding needs and rising disposable income[19]. - The average disposable income per capita in China for the first half of 2024 was RMB 20,733, reflecting a nominal year-on-year growth of 5.4%, which is higher than GDP growth[19]. Research and Development - Research and development expenses increased by 28.17% to CNY 4,526,772.66, reflecting higher investment in information technology[24]. - The company has maintained a high on-the-job certification rate of over 90% for its gold and jewelry sales consultants, ensuring a knowledgeable workforce[22]. Corporate Governance and Compliance - The company has established a governance structure including a board of directors and specialized committees to oversee strategic development and financial management[1]. - The company has committed to enhancing the implementation of fundraising projects to improve investment returns, aiming to mitigate the dilution of immediate returns post-IPO[57]. - The company will accept supervision from regulatory bodies and investors regarding compliance with share transfer commitments[48]. Environmental and Social Responsibility - The company has implemented measures to enhance pollution control, including air purification systems and noise reduction devices, ensuring compliance with environmental monitoring standards[37]. - The company donated ¥636,942 to the China Women's Development Foundation for maternal and infant health projects, supporting families in remote areas[40]. - The company promotes green practices, such as paperless offices and encouraging public transportation for employees, to reduce carbon emissions[39]. Shareholder and Capital Management - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[2]. - The company has committed to a 36-month lock-up period for shares post-IPO, with specific conditions for share reduction thereafter[45]. - The controlling shareholder has promised to minimize related party transactions and comply with legal requirements regarding fair pricing[44]. Risk Management - The company faces risks related to raw material price fluctuations, particularly gold, which is highly correlated with its product pricing; if gold prices rise, the company can adjust sales prices accordingly[33]. - The company has established a strong long-term partnership with outsourced processing manufacturers for jewelry production, but delays or quality issues from these manufacturers could negatively impact inventory management and operations[33].

北京市嘉源律师事务所 关于北京菜市口百货股份有限公司 2024 年第二次临时股东大会的 法律意见书 YUAN LAW OFFICES 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 二〇二四年八月 菜百股份 2024 年第二次临时股东大会 法律意见书 a 源律师事务所 IA YUAN LAW OFFICES 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONGKONG·广州 GUANGZHOU·西安 XI`AN 致:北京菜市口百货股份有限公司 北京市嘉源律师事务所 关于北京菜市口百货股份有限公司 2024 年第二次临时股东大会的法律意见书 嘉源(2024)-04-637 北京市嘉源律师事务所(以下简称"本所")接受北京菜市口百货股份有限 公司（以下简称"公司"或"菜百股份"）的委托,根据《中华人民共和国公司 法》（以下简称"《公司法》"）、《上市公司股东大会规则》（以下简称"《股 东大会规则》"）等现行有效的法律、行政法规、部门规章、规范性文件(以下 简称"法律法规"）以及《北京菜市口百货股份有限公司章程》（以下简称"《公 司章程》")的有关规定,指派本所律师对 ...

北京菜市口百货股份有限公司 2024 年第二次临时股东大会资料 二、出席现场会议的股东及代理人请于会议开始前 30 分钟到达 会议地点，并携带身份证明、持股证明、授权委托书等原件，验证入 场。 股票代码：605599 二〇二四年八月二十八日 北京菜市口百货股份有限公司 2024 年第二次临时股东大会会议须知 为维护投资者的合法权益，确保股东大会的正常秩序和议事效率， 根据《公司法》《公司章程》等有关规定，特制定如下会议须知，请 全体参会人员共同遵守。 一、为保证股东大会的严肃性和正常秩序，切实维护与会股东、 股东代表的合法权益，请有出席股东大会资格的相关人员准时抵达会 场签到并参加会议。会议谢绝录音录像。股东大会设秘书处，具体负 责大会有关事宜。 三、股东出席大会，依法享有发言权、咨询权、表决权等各项权 利。对于干扰股东大会秩序和侵犯其他股东合法权益的行为，大会秘 书处有权采取必要的措施加以制止并及时报告有关部门查处。 四、对于所有已列入本次会议议程的议案，参会股东和股东代表 不得以任何理由搁置或不予表决。 五、股东大会按如下程序进行：首先宣读各项议案并由股东对各 项议案进行审议，随后由股东针对本次会议审议议 ...

证券代码：605599 证券简称：菜百股份 公告编号：2024-023 北京菜市口百货股份有限公司 第七届监事会第十三次会议决议公告 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、监事会会议召开情况 北京菜市口百货股份有限公司（以下简称"公司"）第七届监事会第十三次 会议通知和会议材料于 2024 年 8 月 7 日以电子邮件或书面方式送达全体监事。 会议于 2024 年 8 月 12 日以现场结合通讯表决方式在公司会议室召开，本次会议 应出席监事 5 人，实际出席监事 5 人（其中，监事会主席饶玉、监事张雪娇、张 添一因工作原因以通讯表决方式出席）。会议由公司监事会主席饶玉主持，公司 部分高级管理人员列席会议。本次会议的召集、召开方式符合《中华人民共和国 公司法》《上海证券交易所股票上市规则》及《北京菜市口百货股份有限公司章 程》的规定。 二、监事会会议审议情况 1.审议通过《关于续聘公司 2024 年度财务报告及内部控制审计机构的议案》 表决结果：5 票同意，0 票反对，0 票弃权。 详细内容请见公司同日在上海证券交 ...

证券代码：605599 证券简称：菜百股份 公告编号：2024-024 北京菜市口百货股份有限公司 续聘会计师事务所公告 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： 拟聘任的会计师事务所名称：致同会计师事务所（特殊普通合伙） 一、拟聘任会计师事务所的基本情况 （一）机构信息 1.基本信息 会计师事务所名称：致同会计师事务所（特殊普通合伙）（以下简称"致同"） 成立日期：1981 年【工商登记：2011 年 12 月 22 日】 组织形式：特殊普通合伙企业 注册地址：北京市朝阳区建国门外大街 22 号赛特广场五层 首席合伙人：李惠琦 执业证书颁发单位及序号：北京市财政局 NO 0014469 截至 2023 年末，致同从业人员近六千人，其中合伙人 225 名，注册会计师 1,364 名，签署过证券服务业务审计报告的注册会计师超过 400 人。 致同 2023 年度业务收入 27.03 亿元，其中审计业务收入 22.05 亿元，证券业 务收入 5.02 亿元。2023 年年报上市公司审计客户 257 家，主要行 ...