合肥百货大楼集团股份有限公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 1 单位：人民币万元 非经营性资金占用 资金占用方 名称 占用方与 上市公司 的关联关 系 上市公司核 算的会计科 目 2025 年期初 占用资金余 额 2025 年半年度 占用累计发生 金额（不含利 息） 2025 年半年 度占用资金 的利息（如 有） 2025 年半年 度偿还累计 发生金额 2025 年半年 度期末占用 资金余额 占用形 成原因 占用性质 控股股东、实际控制 人及其附属企业 非经营性占用 小计 - - - - 前控股股东、实际控 制人及其附属企业 非经营性占用 小计 - - - - 其他关联方及其附 属企业 非经营性占用 小计 - - - - 总计 - - - - 其他关联资金往来 资金往来方 名称 往来方与 上市公司 的关联关 系 上市公司核 算的会计科 目 2025 年期初 往来资金余 额 2025 年半年度 往来累计发生 金额（不含利 息） 2025 年半年 度往来资金 的利息（如 有） 2025 年半年 度偿还累计 发生金额 2025 年半年 度期末往来 资金余额 往来形 成原因 往来性质 ...

合肥百货大楼集团股份有限公司 2025 年中期财务报告（未经审计） | 目录 | 页次 | | --- | --- | | 一、未审会计报表 | | | 1．资产负债表 | 1-2 | | 2．利润表 | 3 | | 3．现金流量表 | 4 | | 4．合并股东权益变动表 | 5-6 | | 5．母公司股东权益变动表 | 7-8 | | 二、会计报表附注 | 9-129 | 资产负债表 编制单位：合肥百货大楼集团股份有限公司 金额单位：人民币元 会企 01 表 | 项目 | 注释 | 合并 | | 注释 | 母公司 | | | --- | --- | --- | --- | --- | --- | --- | | | 合并 | 2025-6-30 | 2025-1-1 | 母公司 | 2025-6-30 | 2025-1-1 | | 流动资产： | | | | | | | | 货币资金 | 五、1 | 1,092,307,201.31 | 1,548,250,965.22 | | 520,592,909.73 | 950,477,158.48 | | 交易性金融资产 | | | | | | | | 以公允价值 ...

资产负债表(未经审计) 会企01表 | | | | | 合并 | | 母公司 | | | --- | --- | --- | --- | --- | | | 2025/6/30 | 2025/1/1 | 2025/6/30 | 2025/1/1 | | 流动资 | | | | | | 货币资金 | 1,092,307,201.31 | 1,548,250,965.22 | 520,592,909.73 | 950,477,158.48 | | 交易性金融资产 | | | | | | 衍生金融资产 | | | | | | 应收票据 | 9,979,396.42 | 10,095,690.98 | | | | 应收账款 | 265,800,698.09 | 198,482,632.53 | 19,026,979.32 | 22,946,187.81 | | 应收款项融资 | | | | | | 预付款项 | 208,261,101.43 | 191,848,584.40 | 15,319,825.81 | 20,488,499.57 | | 其他应收款 | 75,950,660.82 | 53,940,154.0 ...

合肥百货大楼集团股份有限公司 第十届监事会第六次会议决议公告 证券代码：000417 证券简称：合百集团 公告编号：2025—25 本公司及监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、监事会会议召开情况 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 监事会第六次会议通知于 2025 年 8 月 8 日以专人或电子邮件形式送达各位监事， 会议于 2025 年 8 月 18 日在公司会议室以现场会议形式召开。本次会议应到监事 3 人，实到监事 3 人。会议由监事会主席耿纪平先生主持。本次会议的召开符合 《中华人民共和国公司法》及《公司章程》的有关规定。 二、监事会会议审议情况 1、审议通过《公司 2025 年半年度报告及其摘要》 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》 表决结果：赞成票【3】票，反对票【0】票，弃权票【0】票，审议通过本 议案。 1 监事会认为，公司使用自有闲置资 ...

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 ...

截至发稿，合百集团市值为48亿元。 每经AI快讯，合百集团（SZ 000417，收盘价：6.1元）8月19日晚间发布公告称，公司第十届第六次董 事会会议于2025年8月18日在公司会议室以现场会议方式召开。会议审议了《公司2025年半年度报告及 其摘要》等文件。 2024年1至12月份，合百集团的营业收入构成为：零售业占比86.79%，农产品交易市场占比8.66%，房 地产占比4.55%。 （记者 王晓波） 每经头条（nbdtoutiao）——热浪"烤"验全球，近10年我国年平均高温日数增多25%！高温对经济的搅动 作用越发强烈，国家气候中心六位专家详解高温经济学 ...

[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]

Core Viewpoint - Hejiaxing Supply Chain Technology Company, a subsidiary of HeBai Group, is focusing on seasonal product procurement, sales channel expansion, and operational optimization in the fresh produce supply chain service sector [1] Group 1 - Hejiaxing Supply Chain Technology Company is currently in a substantial operational phase and is set to upgrade to a regulated enterprise in Feixi County by June 2025 [1] - The company aims to adopt a differentiated development path by conducting in-depth research on peers and B-end distribution and sales customer groups [1] - Hejiaxing will leverage its advantages to continue integrating business resources and expand its bulk procurement and supply chain service for fresh agricultural products [1]

Group 1 - The stock of HeBai Group experienced a limit down, with a turnover rate of 18.33% and a trading volume of 921 million yuan, showing a fluctuation of 11.74% [2] - The stock was listed on the Shenzhen Stock Exchange due to a daily decline deviation of -8.80%, with a net selling amount of 32.94 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction of 195 million yuan, with a buying amount of 80.78 million yuan and a selling amount of 114 million yuan, resulting in a net selling of 32.94 million yuan [2] Group 2 - The largest buying brokerage was China Galaxy Securities Co., Ltd. Xiamen Hubin Middle Road Securities Office, with a buying amount of 28.03 million yuan, while the largest selling brokerage was China Galaxy Securities Co., Ltd. Yichang New Century Securities Office, with a selling amount of 31.41 million yuan [3] - The stock's main funds saw a net outflow of 160 million yuan, with a significant single order net outflow of 159 million yuan and a large order net outflow of 1.44 million yuan [2] - Over the past five days, the main funds had a net inflow of 7.92 million yuan [2] Group 3 - As of August 13, the margin trading balance for the stock was 37.6 million yuan, with a financing balance of 37.6 million yuan and a securities lending balance of 16,600 yuan [3] - In the last five days, the financing balance decreased by 2.43 million yuan, a decline of 0.64%, while the securities lending balance increased by 310 yuan, an increase of 23.17% [3]