证券代码：000417 证券简称：合百集团 公告编号：2025—24 合肥百货大楼集团股份有限公司 第十届董事会第六次会议决议公告 表决结果：赞成票【8】票，反对票【0】票，弃权票【0】票，审议通过本 议案。 为进一步拓宽投资渠道，提高存量资金效益，在保证日常运营资金需求，不 影响公司主营业务发展的前提下，公司（含控股、全资子公司）拟使用总额不超 二、董事会会议审议情况 1、审议通过《公司 2025 年半年度报告及其摘要》 表决结果：赞成票【8】票，反对票【0】票，弃权票【0】票，审议通过本 议案。 本议案已经公司董事会审计委员会审议通过。 具体内容详见 2025 年 8 月 20 日披露在《中国证券报》《证券时报》《上海 证券报》、巨潮资讯网的《公司 2025 年半年度报告及其摘要》。 2、审议通过《关于使用自有闲置资金进行委托理财的议案》 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 合肥百货大楼集团股份有限公司（以下简称"本公司"或"公司"）第十届 董事会第六次会议通知于 2025 年 8 月 8 日以邮件或书面形式发出，会议于 ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) This section provides essential information, including the table of contents and definitions of key terms used throughout the report [Important Notice](index=2&type=section&id=1.1%20Important%20Notice) This chapter includes the company's board of directors, supervisory board, and senior management's assurance statement regarding the truthfulness, accuracy, and completeness of the report content, along with warnings about risks related to forward-looking statements and the profit distribution plan for the current period - The company's directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content and assume corresponding legal responsibilities[5](index=5&type=chunk) - Forward-looking statements regarding future plans in the report do not constitute a substantive commitment to investors, and investors are advised to be aware of related risks[5](index=5&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the 2025 semi-annual period[6](index=6&type=chunk) [Definitions](index=5&type=section&id=1.2%20Definitions) This chapter provides detailed explanations of key terms and abbreviations used in the report, including the full names of the company, its major subsidiaries, related parties, and regulatory bodies, ensuring consistency and clarity of the report content - The report clearly defines abbreviations for the company's internal business entities (e.g., Department Store, Gulou Commercial Building, Hejiafu Supermarket, Zhougudui Market) and external related parties (e.g., Jiantou Group, Hefei State-owned Assets Supervision and Administration Commission)[12](index=12&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=Company%20Profile%20and%20Key%20Financial%20Indicators) This section outlines the company's fundamental information and presents its key financial performance metrics [Company Profile and Contact Information](index=6&type=section&id=2.1%20Company%20Profile%20and%20Contact%20Information) This chapter provides the company's basic business information, including stock abbreviation 'Hefei Department Store Group' and code '000417', along with contact details for the Board Secretary and Securities Affairs Representative; the company's registered address and office address remained unchanged during the reporting period Item Information | Item | Information | | :--- | :--- | | Stock Abbreviation | Hefei Department Store Group | | Stock Code | 000417 | | Listing Exchange | Shenzhen Stock Exchange | | Company Name | Hefei Department Store Group Co., Ltd | | Legal Representative | Zhang Tongxiang (Acting) | [Key Accounting Data and Financial Indicators](index=7&type=section&id=2.2%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company's operating revenue remained largely flat with a **0.02%** year-on-year increase, but net profit attributable to shareholders decreased by **9.93%**; net profit after deducting non-recurring gains and losses significantly declined by **64.78%**; net cash flow from operating activities was **-444 million RMB**, a **242.58%** year-on-year decrease, indicating significant pressure on core business profitability and cash flow Key Financial Indicators for H1 2025 | Indicator | Current Period | Prior Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 3,700,478,969.52 | 3,699,910,495.40 | 0.02% | | Net Profit Attributable to Shareholders (RMB) | 170,861,149.51 | 189,701,108.35 | -9.93% | | Net Profit Attributable to Parent Company after Non-recurring Items (RMB) | 54,992,284.10 | 156,135,927.55 | -64.78% | | Net Cash Flow from Operating Activities (RMB) | -444,113,903.30 | -129,638,696.09 | -242.58% | | Basic Earnings Per Share (RMB/share) | 0.2191 | 0.2432 | -9.91% | | Weighted Average Return on Net Assets | 3.57% | 4.04% | -0.47% | - Total non-recurring gains and losses for the reporting period amounted to **116 million RMB**, primarily due to a change in accounting method for associate company Ningyin Consumer Finance, reclassifying **83.9751 million RMB** from capital reserves to investment income, and fair value changes in financial assets[25](index=25&type=chunk)[26](index=26&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an in-depth analysis of the company's operations, financial performance, and strategic outlook during the reporting period [Principal Businesses During the Reporting Period](index=9&type=section&id=3.1%20Principal%20Businesses%20During%20the%20Reporting%20Period) The company's principal businesses are retail and agricultural product trading markets; retail accounts for **90.89%** of total revenue, covering department stores, home appliances, and supermarkets with **240** physical stores; during the reporting period, physical store operations faced challenges, with significant declines in net profit for department store and supermarket formats, while the home appliance format grew due to favorable policies; total online sales GMV reached **497 million RMB**; the company continued to optimize its store network, opening **8** new stores and closing **20** - The company's principal businesses are retail and agricultural product trading markets, with retail revenue accounting for **90.89%** and agricultural product trading market revenue accounting for **7.85%**[28](index=28&type=chunk) Operating Performance by Physical Store Format | Operating Format | Operating Revenue (RMB) | Revenue YoY | Net Profit (RMB) | Net Profit YoY | | :--- | :--- | :--- | :--- | :--- | | Department Store | 500,826,700.00 | -8.96% | 28,731,900.00 | -50.11% | | Supermarket | 1,704,206,400.00 | 0.66% | 12,517,240.89 | -60.71% | | Home Appliance | 506,724,937.65 | 7.77% | 6,031,962.17 | 33.55% | - During the reporting period, the company's self-built online platform transaction volume (GMV) was **107 million RMB**, and third-party sales platform transaction volume was **391 million RMB**[36](index=36&type=chunk) [Analysis of Core Competencies](index=12&type=section&id=3.2%20Analysis%20of%20Core%20Competencies) The company's core competencies are primarily reflected in four aspects: multi-format synergistic group advantages, a sound and comprehensive regional chain network system, scarce and high-quality self-owned property resources, and long-term accumulated talent, brand, reputation, and local advantages - The company operates multiple formats including department stores, supermarkets, home appliances, e-commerce, and agricultural wholesale, forming synergistic linkages and resource overlay advantages[41](index=41&type=chunk) - The company has established a chain network in Anhui Province, based in the provincial capital and radiating across the province, with numerous and widely distributed stores capable of meeting diverse regional market demands[42](index=42&type=chunk) - Many of the company's stores are located in core business districts, and a high proportion of self-owned properties ensures operational stability and builds competitive barriers[42](index=42&type=chunk) [Analysis of Principal Business](index=13&type=section&id=3.3%20Analysis%20of%20Principal%20Business) During the reporting period, the company's operating revenue slightly increased by **0.02%**, but operating costs rose by **3.84%**, leading to a decline in gross profit margin; financial expenses significantly increased by **51.84%** due to lower deposit interest rates reducing interest income; net cash flow from operating activities saw a substantial outflow, decreasing by **242.58%** year-on-year; by industry, retail revenue grew by **6.22%** but gross profit margin decreased by **3.35** percentage points, while real estate business revenue and costs both significantly contracted, declining by over **79%** year-on-year Key Financial Data Year-on-Year Changes | Item | Current Period | Prior Period | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Financial Expenses | 31,026,367.79 | 20,433,319.18 | 51.84% | Primarily due to lower deposit interest rates and reduced interest income in the current period | | Net Cash Flow from Operating Activities | -444,113,903.30 | -129,638,696.09 | -242.58% | Primarily due to reduced cash receipts from sales of goods in the current period | Operating Performance by Industry | Industry Segment | Operating Revenue | Operating Cost | Gross Profit Margin | Operating Revenue YoY Change | Operating Cost YoY Change | Gross Profit Margin YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Retail | 3,363,135,393.48 | 2,649,338,665.02 | 21.22% | 6.22% | 10.93% | -3.35% | | Agricultural Product Trading Market | 290,606,801.94 | 93,340,037.09 | 67.88% | -5.49% | -3.45% | -0.68% | | Real Estate | 46,736,774.10 | 30,288,617.52 | 35.19% | -79.33% | -83.67% | 17.20% | [Analysis of Non-Principal Business](index=15&type=section&id=3.4%20Analysis%20of%20Non-Principal%20Business) Non-principal businesses significantly impacted the company's profit; during the reporting period, investment income reached **127 million RMB**, accounting for **42.50%** of total profit, primarily due to a change in accounting method for associate company Ningyin Consumer Finance; additionally, fair value change gains were **21.68 million RMB**, mainly from changes in the value of other non-current financial assets Non-Principal Business Profit and Loss | Item | Amount (RMB) | Proportion of Total Profit | Reason for Formation | | :--- | :--- | :--- | :--- | | Investment Income | 126,605,522.02 | 42.50% | Primarily due to changes in accounting method for equity in associate company Ningyin Consumer Finance, etc | | Fair Value Change Gains/Losses | 21,683,405.40 | 7.28% | Primarily due to fair value changes in other non-current financial assets | [Analysis of Assets and Liabilities](index=15&type=section&id=3.5%20Analysis%20of%20Assets%20and%20Liabilities) As of the end of the reporting period, the company's total assets were **12.486 billion RMB**, a **5.49%** decrease from the end of the previous year; within the asset structure, monetary funds and long-term equity investments significantly decreased, while long-term borrowings increased; the company had **1.917 billion RMB** in restricted assets, primarily monetary funds, inventories, fixed assets, and investment properties used as collateral for borrowings - Total assets decreased by **5.49%** from the end of the previous year, with monetary funds decreasing by **2.97** percentage points and long-term equity investments decreasing by **1.67** percentage points[51](index=51&type=chunk) - As of the end of the reporting period, the company had **1.917 billion RMB** in restricted assets, primarily used as collateral and guarantees for borrowings[56](index=56&type=chunk) [Analysis of Investment Status](index=16&type=section&id=3.6%20Analysis%20of%20Investment%20Status) During the reporting period, the company significantly reduced investment activities, with investment amount of only **10 million RMB**, a **96.57%** year-on-year sharp decrease; the company did not undertake significant equity or non-equity investments, nor did it have securities investments, derivative investments, or use of raised funds Investment Amount Change | Investment Amount in Current Period (RMB) | Investment Amount in Prior Period (RMB) | Change Rate | | :--- | :--- | :--- | | 10,000,000.00 | 291,793,128.55 | -96.57% | [Analysis of Major Holding and Participating Companies](index=17&type=section&id=3.8%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) This chapter analyzes the operating performance of major subsidiaries; Zhougudui Agricultural Wholesale Market is a core profit source, achieving **87.33 million RMB** in net profit; Hejiafu Supermarket's net profit significantly declined due to market diversion and new store investments; Baida Home Appliances benefited from national home appliance subsidy policies, with net profit increasing by **33.55%** year-on-year; Lu'an Baida Jinshangdu's net profit decreased by **29.93%** due to the overall department store industry environment Major Subsidiary Financial Performance (H1 2025) | Company Name | Principal Business | Operating Revenue (RMB) | Net Profit (RMB) | | :--- | :--- | :--- | :--- | | Zhougudui Agricultural Wholesale Market | Agricultural Products | 254,460,743.46 | 87,327,607.69 | | Hejiafu Supermarket | Supermarket | 1,704,206,406.31 | 12,517,240.89 | | Gulou Commercial Building | Department Store | 133,769,277.00 | 10,743,450.41 | | Baida Home Appliances | Home Appliances | 506,724,937.65 | 6,031,962.17 | - Baida Home Appliances' net profit increased by **33.55%** year-on-year, primarily benefiting from the continuation of national home appliance subsidy policies, which boosted sales and reduced procurement costs[65](index=65&type=chunk) [Risks Faced by the Company and Countermeasures](index=18&type=section&id=3.10%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces five major risks: macroeconomic environment, industry transformation, market competition, product safety, and corporate operations; a slowing macroeconomic environment may suppress consumer demand; the retail industry needs to accelerate online-offline integration and transformation; regional market competition is fierce, with continuous e-commerce impact; product safety issues may trigger multiple risks; and company expansion also brings higher operational management requirements; the company will address risks by accelerating transformation and innovation and improving operational quality - The company's main risks include: macroeconomic environment risk, industry transformation risk, market competition risk, product safety risk, and corporate operational risk[66](index=66&type=chunk)[67](index=67&type=chunk) - Countermeasures include: seizing policy opportunities to support consumption, accelerating transformation and innovation, improving operational quality and core competitiveness, and strictly preventing various risks[67](index=67&type=chunk) [Corporate Governance, Environment, and Society](index=20&type=section&id=Corporate%20Governance%2C%20Environment%2C%20and%20Society) This section details the company's governance structure, environmental initiatives, and social responsibility efforts [Corporate Governance](index=20&type=section&id=4.1%20Corporate%20Governance) During the reporting period, there were no changes in the company's directors, supervisors, or senior management; the company plans no semi-annual profit distribution or capital reserve conversion into share capital, and no implementation of equity incentive or employee stock ownership plans - There were no changes in the company's directors, supervisors, and senior management during the reporting period[71](index=71&type=chunk) - The company will not distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[72](index=72&type=chunk) [Social Responsibility](index=20&type=section&id=4.2%20Social%20Responsibility) The company actively fulfills its social responsibilities, leveraging its advantages in agricultural product circulation to support rural revitalization through production-sales matching and direct sourcing from bases; during the reporting period, its Zhougudui Market achieved a transaction volume of **2.5558 million tons** and a transaction value of **18.932 billion RMB**, Hejiakang Company's direct sourcing amounted to **29.47 million RMB**, and new models like online live streaming expanded agricultural product sales channels, yielding significant social benefits - Leveraging its six major advantages including brand and production-sales platforms, the company promotes agricultural product circulation as a key initiative for rural revitalization, exploring the 'Baida Model'[74](index=74&type=chunk) - During the reporting period, Zhougudui Market achieved a transaction volume of **2.5558 million tons** and a transaction value of **18.932 billion RMB**[74](index=74&type=chunk) - Through Hejiakang direct sourcing platform, Hejiafu Supermarket sales platform, and online live streaming matrix, agricultural product sales channels were effectively expanded, helping farmers increase their income[75](index=75&type=chunk) [Significant Matters](index=22&type=section&id=Significant%20Matters) This section covers important events and transactions that occurred during the reporting period, including related party transactions, contracts, and other significant disclosures [Significant Related Party Transactions](index=23&type=section&id=5.1%20Significant%20Related%20Party%20Transactions) During the reporting period, significant related party transactions related to daily operations primarily involved sales of goods to the controlling shareholder, Hefei Construction Investment Holding (Group) Co., Ltd., and some of its controlled enterprises, with a transaction amount of **46.4444 million RMB**, which did not exceed the annual estimated limit of **95 million RMB**; the company did not engage in other significant related party transactions such as asset or equity acquisitions or disposals Performance of Routine Related Party Transactions | Related Party | Related Party Transaction Content | Amount in Current Period (RMB) | Approved Transaction Limit (RMB) | Exceeded Limit | | :--- | :--- | :--- | :--- | :--- | | Hefei Construction Investment Holding (Group) Co., Ltd. and some of its controlled enterprises | Sales of Goods | 46,444,400.00 | 95,000,000.00 | No | [Significant Contracts and Their Performance](index=24&type=section&id=5.2%20Significant%20Contracts%20and%20Their%20Performance) The company has no significant trusteeship, contracting, or leasing matters; regarding significant guarantees, the company primarily provides phased mortgage loan guarantees for customers purchasing commercial properties and residences in its development projects, with the actual external guarantee balance at the end of the reporting period being **28.8266 million RMB**, accounting for **0.60%** of the company's net assets, indicating controllable risk - The company provides phased mortgage loan guarantees for property buyers of projects such as Zhougudui New Market and Feixi Agricultural Product Market[99](index=99&type=chunk) Summary of Guarantees | Item | Amount (RMB) | | :--- | :--- | | Total Approved External Guarantee Limit at Period End | 1,334,000,000.00 | | Total Actual External Guarantee Balance at Period End | 28,826,600.00 | | Proportion of Total Actual Guarantees to Company's Net Assets | 0.60% | [Other Significant Matters](index=27&type=section&id=5.3%20Other%20Significant%20Matters) This chapter discloses other significant matters during the reporting period; the core matter is the company's decision in June 2025 to change the accounting method for its associate company Zhejiang Ningyin Consumer Finance Co., Ltd., from equity method to fair value measurement; additionally, subsidiary Baida Home Appliances invested externally to establish a renewable resource recycling technology company, holding **60%** equity - The company changed the accounting method for its associate company Zhejiang Ningyin Consumer Finance Co., Ltd. from the equity method to a financial asset measured at fair value with changes recognized in current profit or loss[102](index=102&type=chunk) - Subsidiary Baida Home Appliances, along with Hefei Chengkuang Supply and Marketing Company and others, jointly invested to establish Anhui Renewable Resources Recycling Technology Co., Ltd., with Baida Home Appliances contributing **12 million RMB** and holding a **60%** stake[106](index=106&type=chunk) - The company used its own funds for bank wealth management product investments, with **370 million RMB** incurred during the reporting period and a zero outstanding balance at period end[105](index=105&type=chunk) [Share Changes and Shareholder Information](index=29&type=section&id=Share%20Changes%20and%20Shareholder%20Information) This section details changes in the company's share capital and provides an overview of its shareholder structure [Share Changes](index=29&type=section&id=6.1%20Share%20Changes) During the reporting period, the company's total share capital remained unchanged at **779,884,200 shares**; restricted shares totaled **856,749 shares**, accounting for **0.11%**, while unrestricted shares totaled **779,027,451 shares**, accounting for **99.89%**; restricted shares are due to historical share reform, with an uncertain lifting date Share Structure | Share Type | Quantity (shares) | Proportion | | :--- | :--- | :--- | | I. Restricted Shares | 856,749 | 0.11% | | II. Unrestricted Shares | 779,027,451 | 99.89% | | III. Total Shares | 779,884,200 | 100.00% | [Shareholder Information](index=30&type=section&id=6.2%20Shareholder%20Information) As of the end of the reporting period, the company had **30,221 shareholders**; the largest shareholder is Hefei Construction Investment Holding (Group) Co., Ltd., holding **38.00%** as a state-owned legal entity; among the top ten shareholders, except for the largest shareholder and Central Huijin, the rest are domestic natural persons; the company's controlling shareholder and actual controller remained unchanged during the reporting period - Total number of common shareholders at the end of the reporting period was **30,221**[113](index=113&type=chunk) Top Three Shareholders' Holdings | Shareholder Name | Shareholder Nature | Holding Proportion | Number of Shares Held | | :--- | :--- | :--- | :--- | | Hefei Construction Investment Holding (Group) Co., Ltd | State-owned Legal Entity | 38.00% | 296,390,467 | | Liang Jianhui | Domestic Natural Person | 2.56% | 20,000,967 | | Central Huijin Investment Ltd | State-owned Legal Entity | 1.58% | 12,326,500 | - Both the company's controlling shareholder and actual controller remained unchanged during the reporting period[117](index=117&type=chunk) [Bond-Related Information](index=35&type=section&id=Bond-Related%20Information) This section provides details on the company's bond-related activities and status [Bond Information](index=35&type=section&id=7.1%20Bond%20Information) There are no bond-related matters requiring disclosure for the company in the current reporting period - The company has no bond-related information during the reporting period[120](index=120&type=chunk) [Financial Report](index=36&type=section&id=Financial%20Report) This section presents the company's financial statements and related notes for the reporting period [Audit Report](index=36&type=section&id=8.1%20Audit%20Report) The company's H1 2025 financial report is unaudited - The company's semi-annual financial report is unaudited[122](index=122&type=chunk) [Financial Statements](index=36&type=section&id=8.2%20Financial%20Statements) This chapter provides the company's unaudited consolidated and parent company financial statements, including the balance sheet, income statement, cash flow statement, and statement of changes in owners' equity, comprehensively reflecting the company's financial position at the end of the reporting period and its operating results and cash flows during the period [Consolidated Balance Sheet](index=36&type=section&id=8.2.1%20Consolidated%20Balance%20Sheet) Key Items from Consolidated Balance Sheet (June 30, 2025) | Item | Period-End Balance (RMB) | Beginning Balance (RMB) | | :--- | :--- | :--- | | **Assets** | | | | Monetary Funds | 1,092,307,201.31 | 1,548,250,965.22 | | Inventories | 2,402,764,648.62 | 2,594,730,926.19 | | Investment Properties | 1,805,432,396.65 | 1,919,518,201.15 | | **Total Assets** | **12,486,047,387.19** | **13,211,334,136.52** | | **Liabilities** | | | | Contract Liabilities | 2,073,805,032.09 | 2,385,225,441.09 | | Long-term Borrowings | 606,966,518.04 | 436,780,980.63 | | **Total Liabilities** | **6,618,770,301.22** | **7,465,531,509.51** | | **Owners' Equity** | | | | Total Owners' Equity Attributable to Parent Company | 4,789,625,830.93 | 4,700,036,882.28 | | **Total Owners' Equity** | **5,867,277,085.97** | **5,745,802,627.01** | [Consolidated Income Statement](index=41&type=section&id=8.2.2%20Consolidated%20Income%20Statement) Key Items from Consolidated Income Statement (H1 2025) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 3,700,478,969.52 | 3,699,910,495.40 | | Total Operating Cost | 3,558,642,419.78 | 3,460,321,173.36 | | Investment Income | 126,605,522.02 | 38,725,008.38 | | Total Profit | 297,864,336.86 | 310,598,423.20 | | Net Profit | 208,420,152.28 | 233,579,488.23 | | Net Profit Attributable to Parent Company Shareholders | 170,861,149.51 | 189,701,108.35 | [Consolidated Cash Flow Statement](index=44&type=section&id=8.2.3%20Consolidated%20Cash%20Flow%20Statement) Key Items from Consolidated Cash Flow Statement (H1 2025) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -444,113,903.30 | -129,638,696.09 | | Net Cash Flow from Investing Activities | -55,485,668.52 | -438,090,555.95 | | Net Cash Flow from Financing Activities | 16,530,843.13 | -364,247,435.29 | | Net Increase in Cash and Cash Equivalents | -483,055,789.72 | -931,965,641.67 | [Notes to Financial Statements](index=53&type=section&id=8.3%20Notes%20to%20Financial%20Statements) The notes to the financial statements detail the company's basic information, basis of financial statement preparation, significant accounting policies and estimates, and taxes, with detailed annotations for major items in the consolidated financial statements; key policies include revenue recognition methods for self-operated (gross method) and concessionaire (net method) retail businesses; the notes provide detailed breakdowns, reasons for changes, and risk disclosures for key financial statement items such as monetary funds, accounts receivable, inventories, investment properties, long-term equity investments, borrowings, and contract liabilities - The company's retail business operates under two models: self-operated, which recognizes revenue using the gross method, and concessionaire, which recognizes revenue using the net method[284](index=284&type=chunk) - The company's main taxes are Value-Added Tax and Corporate Income Tax, with a Corporate Income Tax rate of **25%**, and some small and micro enterprise subsidiaries applying a preferential tax rate of **20%**[298](index=298&type=chunk)[301](index=301&type=chunk) - The notes provide detailed disclosures on the composition and changes of key financial statement items such as monetary funds, accounts receivable, inventories, investment properties, long-term equity investments, borrowings, and contract liabilities[305](index=305&type=chunk)[318](index=318&type=chunk)[385](index=385&type=chunk) [Other Submitted Data](index=174&type=section&id=Other%20Submitted%20Data) This section includes additional information and disclosures not covered in the main financial report [Other Important Information](index=174&type=section&id=9.1%20Other%20Important%20Information) This chapter provides other supplementary information, including the absence of significant social security issues or administrative penalties for the company; it details records of institutional research and communication activities during the reporting period, showing interactions with Haitong Securities, Tianfeng Securities, Guotai Junan, and other institutions; it also discloses non-operating fund transfers between the company and its subsidiaries, all of which are for normal business needs and have undergone internal approval procedures - During the reporting period, the company hosted multiple research and communication sessions with institutional investors including Haitong Securities, Tianfeng Securities, and Guotai Junan, primarily discussing the development of its retail main business, supermarket adjustments, and agricultural wholesale market operations[781](index=781&type=chunk)[782](index=782&type=chunk) - Disclosed non-operating fund transfers between the listed company and its controlled subsidiaries, with an outstanding balance of **130 million RMB** at period-end, which are normal intercompany balances with controllable risk[783](index=783&type=chunk)

Group 1 - The stock price of HeBai Group is reported at 6.08 yuan, down 0.14 yuan from the previous trading day, with a trading volume of 848,600 hands and a transaction amount of 514 million yuan [1] - HeBai Group operates in the commercial retail sector and owns HeJiaXing Supply Chain Technology Company, which has upgraded to a large-scale enterprise in Feixi County, focusing on fresh product supply chain services including procurement and sales of vegetables, fruits, and eggs [1] - The company aims to continue differentiated development by conducting in-depth research on customer needs, integrating business resources, and expanding bulk procurement and supply chain services for fresh agricultural products [1] Group 2 - On the same day, the main capital outflow for HeBai Group was 13.32 million yuan, with a cumulative net outflow of 30.24 million yuan over the past five trading days [1]

消息面上，8月12日，据财政部官网消息，财政部、中国人民银行、金融监管总局近日印发《个人消费 贷款财政贴息政策实施方案》（以下简称"《方案》"）。根据《方案》，2025年9月1日至2026年8月31 日期间，居民个人使用贷款经办机构发放的个人消费贷款（不含信用卡业务）中实际用于消费，且贷款 经办机构可通过贷款发放账户等识别借款人相关消费交易信息的部分，可按规定享受贴息政策。 在补贴范围领域，《方案》提到，贴息范围包括单笔5万元以下消费，以及单笔5万元及以上的家用汽 车、养老生育、教育培训、文化旅游、家居家装、电子产品、健康医疗等重点领域消费。对于单笔5万 元以上的消费，以5万元消费额度为上限进行贴息。政策到期后，可视实施效果研究延长政策期限、扩 大支持范围。 商务部研究院副研究员洪勇在接受《证券日报》记者采访时表示，《方案》的出台，本质上是通过降低 居民信贷成本，刺激居民消费欲望，释放居民消费潜力，进而推动消费市场的复苏和繁荣。消费是经济 增长的重要驱动力，零售板块作为消费的重要承载端，自然会率先受益。一方面，消费者手中可支配资 金增加，直接刺激了商品的购买需求；另一方面，市场信心得到极大提振，投资者对零售企 ...

（文章来源：每日经济新闻） 每经AI快讯，截至8月12日收盘，共23只个股5日量比超过5倍。莱茵生物5日量比达8.64倍，江特电机、 合百集团、弘宇股份等5日量比均超7倍。 ...

Group 1 - The company has approved the establishment of Anhui Recycling Resource Recovery Technology Co., Ltd. through a joint investment with two other companies, with a registered capital of 20 million yuan [1] - The investment structure includes 12 million yuan from the company's subsidiary, holding 60% of the shares, while the other two partners contribute 4.6 million yuan and 3.4 million yuan, holding 23% and 17% respectively [1] - The company aims to leverage the establishment of Anhui Recycling Resource Recovery Technology Co., Ltd. to capitalize on national policies promoting the circular economy and to develop new growth areas in the industry [2] Group 2 - Anhui Recycling Resource Recovery Technology Co., Ltd. has completed its business registration and received its corporate legal person business license, with the establishment date being July 31, 2025 [3] - The company will focus on waste electrical and electronic product processing, hazardous waste management, and various recycling and resource recovery activities [2] - The operational strategy includes utilizing digitalization, intelligence, and green initiatives to enhance resource recovery and establish a low-carbon supply chain [2]

Core Viewpoint - The company has established a new subsidiary focused on recycling and resource recovery, aligning with national strategies for circular economy development [2]. Group 1: Investment and Subsidiary Formation - The company approved the establishment of Anhui Recycling Resource Recovery Technology Co., Ltd. through a joint investment with two other companies [2]. - The registered capital of the new company is set at 20 million yuan, with the company contributing 12 million yuan for a 60% stake [2]. - The new subsidiary will engage in various activities including waste electrical and electronic product processing and resource recycling [2]. Group 2: Strategic Development - The company aims to leverage opportunities from national policies promoting circular economy and digital transformation [2]. - The focus will be on intelligent sorting and resource utilization to create a green low-carbon supply chain [2]. - The initiative is expected to open new growth areas for the company within the circular economy sector [2].

证券代码：000417 证券简称：合百集团 公告编号：2025—23 合肥百货大楼集团股份有限公司 关于子公司对外投资的进展公告 4、法定代表人：马开峰 5、注册资本：贰仟万圆整 6、成立日期：2025 年 7 月 31 日 1 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 合肥百货大楼集团股份有限公司（以下简称"公司"或"本公司"）于 2025 年 4 月 9 日召开了第十届董事会第四次临时会议，审议通过了《关于子公司对外 投资设立安徽再生资源回收利用科技有限公司的议案》，同意公司子公司安徽百 大电器连锁有限公司（以下简称"百大电器"）与合肥城矿供销再生资源有限公 司（以下简称"合肥城矿供销公司"）、安徽广源科技发展有限公司（以下简称 "安徽广源科技"）共同投资设立安徽再生资源回收利用科技有限公司（暂定名， 最终以工商核准登记为准，以下简称"再生资源科技公司"）。再生资源科技公 司注册资本拟定为 2000 万元，其中百大电器出资 1200 万元，持股 60%；合肥城 矿供销公司出资 460 万元，持股 23%；安徽广源科技出资 340 万元，持股 17%。 ...

Group 1 - The Ministry of Finance has allocated 300 billion yuan in special bonds to support the consumption upgrade policy, with 69 billion yuan recently distributed for the third batch [1][2] - The "old-for-new" policy has led to a significant increase in consumer activity, with 280 million people applying for subsidies, resulting in over 1.6 trillion yuan in sales [2][3] - Companies like Beiding Technology, TCL Smart Home, and Xiugang Glass have reported increased orders and revenue due to the positive impact of the policy [1][3] Group 2 - Beiding Technology reported a 34.05% increase in revenue to 432 million yuan and a 74.92% increase in net profit to 55.83 million yuan in the first half of 2025 [3] - TCL Smart Home emphasized its commitment to high-quality products, benefiting from the increased consumer demand driven by the policy [3] - Foton Motor expects to sell an additional 80,000 to 100,000 vehicles due to the "old-for-new" policy, projecting a net profit increase of 87.5% [3][4]

Core Viewpoint - The announcement details the 2024 annual profit distribution plan approved by the shareholders' meeting, which includes a cash dividend of 1.1 yuan per 10 shares, amounting to a total distribution of approximately 85.79 million yuan, representing 45.02% of the net profit attributable to ordinary shareholders [1][4]. Summary by Sections Profit Distribution Plan - The profit distribution plan was approved on May 21, 2025, based on a total share capital of 779,884,200 shares as of December 31, 2024 [1][4]. - The cash dividend of 1.1 yuan per 10 shares will be distributed, with a total dividend payout of 85,787,262 yuan [1][4]. - The remaining undistributed profit of approximately 1.06 billion yuan will be carried forward to future distributions [1]. Taxation Details - The cash dividend will be subject to different tax rates based on the type of shareholder, with specific provisions for Hong Kong investors and domestic investors [4]. - For individual shareholders, the tax will be calculated based on the holding period of the shares, with different rates applicable [4]. Key Dates - The record date for the dividend distribution is set for July 10, 2025, and the ex-dividend date is July 11, 2025 [4][5]. Distribution Method - The cash dividends will be directly credited to the shareholders' accounts through their custodial securities companies on the ex-dividend date [6]. Consultation Information - The company has provided contact details for inquiries regarding the dividend distribution [7].