证券代码：605599 证券简称：菜百股份 公告编号：2025-044 北京菜市口百货股份有限公司 第八届监事会第七次会议决议公告 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。 详细内容请见公司同日在上海证券交易所网站（www.sse.com.cn）披露的《北 京 菜 市 口 百 货 股 份 有 限 公 司 关 于 2026 年 度 日 常 关 联 交 易 预 计 的 公 告 （2025-047）》。 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"）第八届监事会第七次会 议通知和会议材料于 2025 年 11 月 28 日以电子邮件或书面方式送达全体监事。 会议于 2025 年 12 月 4 日以现场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。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《 ...

北京菜市口百货股份有限公司 第八届董事会第七次会议决议公告 证券代码：605599 证券简称：菜百股份 公告编号：2025-043 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"）第八届董事会第七次会 议通知和会议材料于 2025 年 11 月 28 日以电子邮件或书面方式送达全体董事。 会议于 2025 年 12 月 4 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 2 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《关于取消监事会并修订<公司章程>的议案》 表决结果：9 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易所网站（www.sse.com.cn）披露的《北 京菜市口百货股份有 ...

2只个股今日获机构买入型评级。 证券时报·数据宝统计显示，今日机构研报共发布2条买入型评级记录，共涉及2只个股。弘元绿能、菜 百股份等关注度最高，均有1次机构买入型评级记录。 （文章来源：证券时报网） | 代码 | 简称 | 机构名称 | 最新评级 | 上次评级 | 预测目标价（元） | 最新收盘价（元） | | --- | --- | --- | --- | --- | --- | --- | | 605599 | 菜百股份 | 国泰海通 | 增持 | 增持 | 19.26 | 15.29 | | 603185 | 弘元绿能 | 浙商证券 | 买入 | 买入 | | 29.85 | 市场表现方面，机构买入型评级个股今日平均下跌0.73%，表现弱于沪指。 机构今日买入型评级记录 ...

Group 1 - The international gold price is reported at $4208.2 per ounce, while international palladium is at $1434.4 per ounce, and international silver is at $57.11 per ounce. The domestic gold price is at ¥950.7 per gram [1] - Major domestic gold retailers have varying prices, with Chow Tai Fook at ¥1328 per gram, and China Gold at the lowest price of ¥1232 per gram. Other notable prices include Chow Sang Sang at ¥1327, and multiple brands including Liufu Jewelry, Xie Rui Lin, and Jin Zhi Zun all at ¥1328 per gram [1]

国泰海通晨报 2025 年 12 月 05 日 国泰海通证券股份有限公司 研究所 邮箱：tangweixiang@gtht.com 登记编号：S0880511010007 [Table_ImportantInfo] 今日重点推荐 徐强(分析师) 010-83939805 xuqiang@gtht.com S0880517040002 余玫翰(分析师) 021-23185617 yumeihan@gtht.com S0880525040090 李依雯(研究助理) 021-23183948 liyiwen@gtht.com S0880125042249 行业跟踪报告：新兴能源《Fluence 正洽谈超 30GWh 的 AIDC 配储，AIDC 配储星辰大海》2025-12-04 投资建议：我们认为，随着 AIDC 发展，美国缺电情况或加剧，数据中心配储或为解法，我们推荐 储能系统龙头海博思创和阳光电源，相关标的阿特斯太阳能和西典新能。 Fluence 正洽谈超 30GWh 的 AIDC 配储。Fluence 在 2025 年 Q4 收益电话会议表述，他们正在洽谈 超过 30GWh 的数据中心储能，其中 80%项目 ...

黄金税收新政利好菜百投资金业务 菜百股份(605599) 菜百股份公司更新报告 股票研究 /[Table_Date] 2025.12.04 2025-12-04 批零贸易业[Table_Industry] /可选消费品 公 司 跟 踪 投资要点： [Table_Summary] 投资建议：维持优于大市评级。预测公司 2025-2027 年营业收入分 别为 260.73/289.45/318.04 亿元，增速分别为 29%/11%/10%；预测公 司 2025-2027 年归母净利润分别为 8.33/9.43/10.23 亿元（原 2025-26 预测为 7.25/8.15 亿元），增速分别为 16%/13%/9%。税收新政下公 司在投资金市场份额有望提升。给予公司 2025 年略高于行业平均的 18xPE（原为 2024 年 16x），目标价 19.26 元（+41%）。 | [Table_Finance] 财务摘要(百万元) | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入 | 16 ...

Investment Rating - The report maintains a rating of "Buy" for the company [5] Core Views - The new tax policy is expected to benefit compliant leading brands in the gold market, with the company poised to increase its market share under this policy [2][11] - The company is projected to achieve significant revenue growth driven by rising gold prices and increased investment demand [16][20] Financial Summary - Total revenue is forecasted to grow from 16,552 million yuan in 2023 to 31,804 million yuan in 2027, with a compound annual growth rate (CAGR) of approximately 9.9% [4][21] - Net profit attributable to the parent company is expected to rise from 707 million yuan in 2023 to 1,023 million yuan in 2027, reflecting a CAGR of about 8.5% [4][21] - Earnings per share (EPS) is projected to increase from 0.91 yuan in 2023 to 1.32 yuan in 2027 [4][21] Revenue Forecast - The company’s revenue from precious metal investment products is expected to grow significantly, with projections of 18,068.91 million yuan in 2025, representing a 40% increase [16][17] - Revenue from gold jewelry is anticipated to grow at a slower pace, with estimates of 6,020.28 million yuan in 2025, reflecting a 10% increase [16][17] - The company is expected to maintain a high dividend payout ratio, exceeding 75% [11][20] Market Position and Strategy - The company operates as a member of the Shanghai Gold Exchange, allowing it to directly procure gold and sell it through a fully owned retail model, which is less affected by the new tax policy [11][42] - The company is expanding its retail presence, with a total of 103 stores by mid-2025, covering key cities including Beijing, Tianjin, and others [11][20] - The new tax policy is expected to enhance the company's competitive pricing advantage in the investment gold market, potentially attracting customers from other brands [11][42] Valuation - The target price for the company is set at 19.26 yuan, based on a price-to-earnings (P/E) ratio of 18x for 2025, which is slightly above the industry average [22]

Market Overview - The jewelry sector experienced a decline of 0.78% on December 2, with ST Xinhua Jin leading the drop [1] - The Shanghai Composite Index closed at 3897.71, down 0.42%, while the Shenzhen Component Index closed at 13056.7, down 0.68% [1] Individual Stock Performance - Notable gainers included: - Cai Zi Co., Ltd. (605599) with a closing price of 15.56, up 1.77% on a trading volume of 56,200 shares [1] - Shenhua A (000017) closed at 7.88, up 1.42% with a trading volume of 386,000 shares [1] - Major decliners included: - ST Xinhua Jin (600735) with a closing price of 5.76, down 4.95% on a trading volume of 203,300 shares [2] - Man Ka Long (300945) closed at 16.98, down 2.30% with a trading volume of 51,400 shares [2] Capital Flow Analysis - The jewelry sector saw a net outflow of 97.37 million yuan from institutional investors, while retail investors contributed a net inflow of 134 million yuan [2][3] - The capital flow for key stocks showed: - Zhou Dazheng (002867) had a net inflow of 14.17 million yuan from institutional investors, but a net outflow of 27.60 million yuan from speculative funds [3] - China Gold (600916) experienced a net inflow of 5.58 million yuan from institutional investors, with a net outflow of 3.92 million yuan from speculative funds [3]

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。 证券代码：605599 证券简称：菜百股份 公告编号：2025-042 北京菜市口百货股份有限公司 关于选举职工董事的公告 汪继源先生未持有公司股份，与公司其他董事、监事和高级管理人员、实际 控制人及持有公司 5%以上股份的股东不存在关联关系，未受到过中国证监会、 上海证券交易所及其他有关部门的处罚，其任职资格符合《公司法》《上海证券 交易所股票上市规则》等法律法规及规范性文件的规定。 2025 年 12 月 2 日 附件： 汪继源先生简历 汪继源，男，1985 年出生，中国国籍，无境外永久居留权，本科学历，中 国注册会计师、高级会计师、税务师、高级黄金投资分析师。现任公司职工代表 监事，财务管理部科员，北京永睿财务顾问有限公司监事。曾任中国国际技术智 力合作集团有限公司（原中国国际技术智力合作公司）业务一部副经理，北京金 正元资产评估有限责任公司审计项目经理、财务会计，北京中泽永诚会计师事务 所有限公司审计项目经理等职务。 北京菜市口百货股份有限公司（以下简称"公司"）于 20 ...

Core Viewpoint - The launch of the 2026 Year of the Horse commemorative gold bars by China Gold Coin Group and Beijing Caishikou Department Store marks the 24th consecutive year of exclusive sales in Beijing, emphasizing the integration of traditional Chinese zodiac culture with artistic design [1][3]. Group 1: Product Design and Cultural Significance - The design of the gold bars incorporates the image of the horse, reflecting the characteristics of local horse breeds from northern and western China, showcasing respect for diverse Chinese cultures [3]. - The decorative elements on the horse are based on traditional Chinese swirl patterns, which add dynamism and life to the static image, demonstrating the application of traditional aesthetics in modern precious metal design [3]. - The horse's gait is inspired by the Han Dynasty bronze artifact "Horse Treading on a Flying Swallow," symbolizing a good steed and conveying the message of "leading the way and securing victory" [3][5]. Group 2: Symbolism and Cultural Heritage - The gold bars symbolize the spirit of progress, loyalty, and strength associated with the horse in Chinese culture, aiming to convey a positive message of striving forward and self-improvement [5]. - The series serves as a tribute to the important spiritual totem of the Chinese nation, encouraging a proactive and ambitious spirit, aligning with the cultural essence of perseverance [5][8]. - The gold bars are designed to be both collectible and meaningful gifts, representing hopes for the new year and honoring the cultural heritage of the Chinese people [5][8]. Group 3: Product Specifications and Availability - The commemorative gold bars are available in six specifications: 1000g, 500g, 200g, 100g, 50g, and 30g, maintaining high production standards [11]. - The bars are minted by China Great Wall Precious Metals and distributed by Shanghai Gold Investment Co., with exclusive sales in Beijing by Caishikou Department Store [11]. - The gold bars will be available through authorized distribution channels nationwide starting immediately [11].