证券代码：605599 证券简称：菜百股份 公告编号：2025-027 北京菜市口百货股份有限公司 第八届监事会第四次会议决议公告 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。 北京菜市口百货股份有限公司监事会 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"）第八届监事会第四次会 议通知和会议材料于 2025 年 7 月 31 日以电子邮件或书面方式送达全体监事。会 议于 2025 年 8 月 5 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、监事高建忠因工作 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 审议通过《关于续聘公司 2025 年度财务报告及内部控制审计机构的议案》 监事会同意续聘致同会计师事务所（特殊普通合伙）担任公司 2025 ...

证券代码：605599 证券简称：菜百股份 公告编号：2025-026 北京菜市口百货股份有限公司 第八届董事会第四次会议决议公告 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。 一、董事会会议召开情况 北京菜市口百货股份有限公司（以下简称"公司"）第八届董事会第四次会 议通知和会议材料于 2025 年 7 月 31 日以电子邮件或书面方式送达全体董事。会 议于 2025 年 8 月 5 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 出席董事 9 人，实际出席董事 9 人（其中，以通讯表决方式出席董事 3 人）。会 议由公司董事长谢华萍主持，公司监事列席会议。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、董事会会议审议情况 1.审议通过《关于续聘公司 2025 年度财务报告及内部控制审计机构的议案》 董事会同意续聘致同会计师事务所（特殊普通合伙）担任公司 2025 年度财 务审计机构及内部控制审计机构，聘期一年，审计费用 143 ...

Group 1 - The total salary scale for CFOs in A-share listed companies reached 4.27 billion yuan in 2024, with an average annual salary of 814,800 yuan [1] - The highest annual salary for a CFO in the jewelry industry was paid by Jinyi Culture to CFO Jiang Xuefu, amounting to 2.122 million yuan [2] - Most listed companies that did not change their CFOs in 2023 and 2024 increased the CFO's annual salary, with Jiang Xuefu's salary seeing the largest increase of 284.42% [1] Group 2 - Jinyi Culture's performance in 2024 was disappointing, with a revenue of 3.373 billion yuan, reflecting a decline [2] - Diya Co. paid its CFO Huang Shuairong an annual salary of 1.2696 million yuan, but the company faced a revenue drop of 32.01% in 2024, reaching a new low of 1.482 billion yuan [2] - Caibai Co. paid its CFO Li Zhuo an annual salary of 1.1737 million yuan, but the company's gross profit margin has been declining, with rates of 11.22%, 10.68%, and 8.94% from 2022 to 2024 [2]

Group 1 - The total salary scale of CFOs in A-share listed companies reached 4.27 billion yuan in 2024, with an average annual salary of 814,800 yuan [1] - The highest annual salary for a CFO in the jewelry industry was 2.122 million yuan paid to Jiang Xuefu of Jin Yi Culture, while the lowest was 128,300 yuan paid to Zhu Jianrui of Ruibeika [1] - Among companies that did not change CFOs between 2023 and 2024, most increased their CFOs' salaries, with Jin Yi Culture's Jiang Xuefu seeing the largest increase of 284.42% [1] Group 2 - Jin Yi Culture's performance in 2024 was poor, with revenue of 3.373 billion yuan, a decrease of 75.25%, and a net profit of 15 million yuan, down 97.81% [3] - Diya Co. paid its CFO Huang Shuorong an annual salary of 1.2696 million yuan, but the company faced a revenue decline of 32.01% in 2024, reaching 1.482 billion yuan [3] - Cai Bai Co. paid its CFO Li Zhuo an annual salary of 1.1737 million yuan, but the company's gross profit margin has been declining, with rates of 11.22%, 10.68%, and 8.94% from 2022 to 2024 [4] Group 3 - Man Ka Long paid its CFO Fu Jie an annual salary of 1.0178 million yuan, but the company's gross profit margin also showed a downward trend, with rates of 16.59%, 14.64%, and 13.38% from 2022 to 2024 [4] - The average return on equity for Cai Bai Co. in 2024 was 18.73%, down 5.5% year-on-year, while Man Ka Long's was 6.08%, down 14.85% [4]

Core Insights - The report highlights the significant role and compensation of CFOs in A-share listed companies, with a total salary scale of 4.27 billion yuan and an average annual salary of 814,800 yuan for 2024 [1] Group 1: CFO Compensation - The highest annual salary for a CFO in the jewelry industry is 2.122 million yuan paid to Jiang Xuefu of Jinyi Culture, while the lowest is 128,300 yuan paid to Zhu Jianrui of Ruibeka [1] - Four companies paid their CFOs over 1 million yuan, namely Jinyi Culture, Dia Shares, Caibai Shares, and Mankalon [1] - Among companies that did not change their CFOs between 2023 and 2024, most increased their CFOs' salaries, with Jinyi Culture's Jiang Xuefu seeing the largest increase of 284.42% [1] Group 2: Company Performance - Jinyi Culture's performance is concerning, with a revenue of 3.373 billion yuan, down 75.25% year-on-year, and a net profit of 15 million yuan, down 97.81% [3] - Dia Shares paid its CFO 1.2696 million yuan, but the company has faced declining performance, with a revenue of 1.482 billion yuan, down 32.01% year-on-year, marking a new low since its listing [3] - Caibai Shares paid its CFO 1.1737 million yuan, but the company's profitability is weakening, with a continuous decline in gross margin from 11.22% in 2022 to 8.94% in 2024 [4] - Mankalon paid its CFO 1.0178 million yuan, yet the company also shows declining profitability, with gross margins decreasing from 16.59% in 2022 to 13.38% in 2024 [4]

Group 1 - The total salary scale of CFOs in A-share listed companies reached 4.27 billion yuan in 2024, with an average annual salary of 814,800 yuan [1] - The highest annual salary for a CFO in the jewelry industry was 2.122 million yuan paid to Jiang Xuefu of Jinyi Culture, while the lowest was 128,300 yuan paid to Zhu Jianrui of Ruibeka [1] - Among companies that did not change CFOs between 2023 and 2024, most increased their CFOs' salaries, with Jiang Xuefu's salary seeing the largest increase of 284.42% [1] Group 2 - Jinyi Culture's performance in 2024 was poor, with a revenue of 3.373 billion yuan, a decrease of 75.25%, and a net profit of 15 million yuan, down 97.81% [3] - Diya Co. paid its CFO Huang Shuorong an annual salary of 1.2696 million yuan, but the company faced a revenue decline of 32.01% in 2024, reaching 1.482 billion yuan [3] - Caibai Co. paid its CFO Li Zhuo an annual salary of 1.1737 million yuan, but the company's gross profit margin has been declining, with rates of 11.22%, 10.68%, and 8.94% from 2022 to 2024 [4] - Mankalon paid its CFO Fu Jie an annual salary of 1.0178 million yuan, while also experiencing a decline in gross profit margin from 16.59% to 13.38% between 2022 and 2024 [4]

Core Insights - The total compensation for CFOs in A-share listed companies reached 4.27 billion yuan in 2024, with an average annual salary of 814,800 yuan [1] - The highest annual salary for a CFO in the jewelry industry was 2.122 million yuan, while the lowest was 128,300 yuan [1] - Companies that did not change their CFOs in 2023 and 2024 mostly increased their CFO salaries, with the highest increase being 284.42% for the CFO of Jin Yi Culture [1] Group 1: CFO Compensation - The total salary scale for CFOs in A-share listed companies is 4.27 billion yuan, with an average salary of 814,800 yuan [1] - Jin Yi Culture paid its CFO, Jiang Xuefu, the highest salary of 2.122 million yuan, while Ruibeka paid its CFO, Zhu Jianrui, the lowest salary of 128,300 yuan [1] - Four companies paid their CFOs over 1 million yuan, including Jin Yi Culture, Diya Co., Caibai Co., and Mankalon [1] Group 2: Company Performance - Jin Yi Culture's performance declined significantly, with a revenue of 3.373 billion yuan, down 75.25%, and a net profit of 15 million yuan, down 97.81% [3] - Diya Co. reported a revenue of 1.482 billion yuan, a decrease of 32.01%, and has faced two consecutive years of net losses [3] - Caibai Co. showed a declining trend in profitability, with gross margins decreasing from 11.22% in 2022 to 8.94% in 2024 [4] - Mankalon's gross margin also declined from 16.59% in 2022 to 13.38% in 2024, with a return on equity of 6.08% in 2024, down 14.85% [4]

Core Insights - The report maintains an "outperform" rating for the retail sector, driven by easing external conditions and increased domestic policy support, which is expected to boost overall market performance [2][43] - The report highlights a focus on leading companies with strong mid-year performance, indicating a potential for long-term investment opportunities despite recent market corrections [2][43] Policy Guidance and Market Environment - Domestic policies are aimed at stimulating consumer demand and countering excessive competition, creating a healthier environment for consumption recovery [12][16] - The implementation of the childcare subsidy policy is expected to enhance family consumption capacity and provide greater autonomy in spending [13][14][16] - The central government continues to emphasize the importance of releasing domestic demand potential and implementing consumption-boosting actions [16] Industry Data Tracking - In June 2025, the total retail sales of consumer goods reached 4.23 trillion yuan, with a year-on-year growth of 4.8%, indicating a sustained recovery momentum in consumer spending [18] - Online retail sales for the first half of 2025 amounted to 7.43 trillion yuan, growing by 8.5%, with physical goods online retail accounting for 24.9% of total retail sales [19] - The report notes that essential goods categories performed well, while discretionary categories showed mixed results, with jewelry sales increasing by 6.1% due to high gold prices [24] Investment Recommendations - The report suggests focusing on cross-border e-commerce companies that are well-positioned to benefit from improving external trade conditions, recommending companies like Xiaoshangpin City and Focus Technology [2][43] - In the gold and jewelry sector, companies that can differentiate their brands and products are expected to achieve accelerated growth, with recommendations including Chaohongji and Chow Tai Fook [2][43] - The beauty and personal care sector is anticipated to benefit from the acceleration of domestic brand replacements, with recommended companies such as Shiseido and Shanghai Jahwa [2][43][44] - Traditional retail companies with positive internal adjustments and low valuations are also highlighted, with recommendations for Chongqing Department Store and Miniso [44]

Core Insights - Adidas reported a 7% year-on-year revenue growth for FY2025H1, reaching €12.105 billion, with a net profit increase of 121% to €798 million [4] - The brand's revenue growth was 14% on a currency-neutral basis, with all regional markets achieving double-digit growth [4] - The company maintains its full-year guidance, expecting high single-digit revenue growth on a currency-neutral basis for FY2025, with double-digit growth for the Adidas brand [4] Market Trends - The domestic market indices showed positive performance, with the Shanghai Composite Index closing at 3,617.60, up 0.96% [3] - The textile and apparel sector experienced a decline of 2.14% this week, underperforming the broader market [5] - Retail sales of sports and entertainment products grew significantly, with a 22.2% year-on-year increase in the first half of 2025 [5] Industry Dynamics - The Chinese gold consumption in the first half of 2025 was 505.205 tons, a decrease of 3.54% year-on-year, with jewelry consumption dropping by 26% [5] - The pharmaceutical industry is seeing advancements in innovative drugs, particularly in obesity treatments with GLP-1 and Amylin therapies showing promising results in clinical trials [8][11] - In the biopharmaceutical sector, ADC drugs for lung cancer are demonstrating significant efficacy, with several products showing improved outcomes in clinical trials [10][12]

Summary of Key Points Core Viewpoint - The 2024 A-share Secretary Data Report reveals that over 21% of secretaries in the A-share market earn annual salaries exceeding one million yuan, highlighting the significant role of secretaries in connecting investors and listed companies [1]. Group 1: Salary Data - As of July 29, there are 5,817 listed companies in the A-share market, with a total salary expenditure for secretaries reaching 4.086 billion yuan, averaging 754,300 yuan per secretary [1]. - In the jewelry industry, the highest annual salary for a secretary is 1.8582 million yuan paid by Feiya, while the lowest is 252,500 yuan paid by Mingpai Jewelry [1]. - Three companies, including Di'a Shares, Caibai Shares, and Feiya, have secretaries earning over one million yuan annually [1]. Group 2: Salary Changes - Among companies that did not change their secretaries, most reduced their salaries, with China Gold's secretary seeing a 54% decrease from 1.0146 million yuan to 474,600 yuan [1]. - Zhou Dazheng's secretary, He Xiaolin, experienced the largest salary increase, rising from 355,500 yuan in 2023 to 881,000 yuan, a 147.82% increase [1]. Group 3: Company Performance - Feiya's secretary, Song Yaoming, received the highest salary in the jewelry sector, but the company faced a 13.77% decline in revenue and a 33.86% drop in net profit, marking a five-year low [2]. - Di'a Shares paid its secretary, Huang Shuizhong, 1.2696 million yuan, but the company reported a 32.01% decrease in revenue, reaching 1.482 billion yuan, and has faced two consecutive years of net profit losses [2].