武商集团股份有限公司 第十届十九次董事会决议公告 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 武商集团股份有限公司（以下简称"公司"）第十届十九次董事 会于 2025 年 10 月 20 日以电子邮件方式发出通知，2025 年 10 月 30 日采取通讯表决方式召开。会议应到董事 11 名，实到董事 11 名，本 次董事会会议的召开符合有关法律、行政法规、部门规章、规范性文 件和公司章程的规定。 二、董事会会议审议情况 证券代码：000501 证券简称：武商集团 公告编号：2025-047 （一）武商集团 2025 年第三季度报告 表决结果：11 票同意，0 票反对，0 票弃权。 经公司董事会审计委员会审议通过。《武商集团股份有限公司 2025 年第三季度报告》（公告编号 2025-048）详见当日巨潮网公告 （www.cninfo.com.cn）。 （二）关于使用自有闲置资金进行委托理财的议案 表决结果：11 票同意，0 票反对，0 票弃权。 《武商集团股份有限公司关于使用自有闲置资金进行委托理财 的 公 告 》（ 公 告 编 号 ...

Group 1 - The core point of the article is that Wushang Group announced the results of its 2025 third-quarter report during a board meeting held on October 30, 2025, via telecommunication [1] - For the first half of 2025, Wushang Group's revenue composition was as follows: retail business accounted for 84.77%, other businesses accounted for 14.68%, and real estate business accounted for 0.55% [1] - As of the time of reporting, Wushang Group's market capitalization was 7.5 billion yuan [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,341,411,209.82, a decrease of 9.13% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥37,417,612.55, down 26.63% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥-51,739,876.24, a decline of 41.19% compared to the previous year[4] - Total operating revenue for Q3 2025 was CNY 4,522,867,188.58, a decrease of 11.65% from CNY 5,118,774,044.93 in the same period last year[23] - Total operating costs decreased to CNY 4,364,798,843.62, down 12.00% from CNY 4,960,452,966.34 year-on-year[23] - Net profit for the period was CNY 127,561,703.98, representing an increase of 3.00% compared to CNY 123,827,359.34 in the previous year[24] - Earnings per share (EPS) for the quarter was CNY 0.17, up from CNY 0.16 in the same quarter last year[24] Assets and Liabilities - Total assets at the end of the reporting period reached ¥31,046,692,192.53, an increase of 2.18% from the end of the previous year[4] - Total assets increased to CNY 31,046,692,192.53, compared to CNY 30,385,433,633.76 at the end of the previous period[22] - Total liabilities rose to CNY 20,090,143,119.48, an increase from CNY 19,407,287,357.32 year-on-year[22] - The company's non-current assets totaled CNY 25,265,147,805.14, slightly up from CNY 25,066,549,655.85 in the previous year[22] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥691,119,527.31, down 27.07%[4] - Operating cash flow for the current period is ¥691,119,527.31, a decrease of 27.1% from ¥947,678,375.31 in the previous period[26] - Total cash inflow from operating activities is ¥11,584,860,650.31, down 7.4% from ¥12,518,665,802.27 year-over-year[26] - Cash outflow from operating activities totals ¥10,893,741,123.00, a decrease of 6.0% compared to ¥11,570,987,426.96 in the previous period[26] - Investment activities resulted in a net cash outflow of ¥983,547,950.12, worsening from a net outflow of ¥363,523,197.17 in the previous period[26] - Cash inflow from financing activities is ¥3,322,951,908.59, down 7.3% from ¥3,583,786,508.06 year-over-year[26] - Net cash flow from financing activities improved to ¥655,129,241.70, compared to a net outflow of ¥283,096,814.29 in the previous period[26] - The ending cash and cash equivalents balance is ¥2,997,661,344.36, down from ¥3,329,817,865.07 in the previous period[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,521, with no preferred shareholders having restored voting rights[9] - The largest shareholder, Wuhan Commercial Group Co., Ltd., holds 21.55% of shares, amounting to 165,703,232 shares[9] - Zhejiang Intime Department Store Co., Ltd. holds 10.39% of shares, totaling 79,896,933 shares[9] Investments and Projects - The company invested CNY 1 billion in the new Xiangyang Wushang Mall project, with a total construction area of approximately 124,000 square meters[14] - A joint venture has been established with Wangfujing Group to operate duty-free shops in Wuhan, with registration completed[12] - The company has launched a valuation enhancement plan approved by the board on February 27, 2025[13] Debt and Financing - Short-term borrowings surged by 204.56% to ¥1,981,073,566.67, reflecting an increase in bank loans[7] - The company has registered medium-term notes with a total amount of 1.5 billion RMB, valid for two years from February 12, 2025[10] - The first phase of medium-term notes for 2023 has a total issuance of 940 million RMB with a coupon rate of 3.3%[11] - The company issued 360 million RMB in medium-term notes for 2025 with a coupon rate of 2.20%[12] - The company issued the first phase of super short-term financing bonds in 2025, with a scale of CNY 500 million and an interest rate of 1.92%[14] - The company completed the repayment of the first phase of super short-term financing bonds issued in 2024, amounting to CNY 500 million, on April 22, 2025[15] Other Information - The company appointed a new board secretary following the retirement of the previous secretary[18] - The company held an online performance briefing for the 2024 annual report on April 18, 2025[13] - The company reported cash dividends of CNY 2 per 10 shares, totaling CNY 149,980,806.20, based on a total share capital of 749,904,031 shares[16] - The company plans to distribute cash dividends of CNY 1 per 10 shares for the mid-term profit distribution in 2025[17] - The company’s cash and cash equivalents increased to CNY 3,061,684,644.36 from CNY 2,690,613,764.47[20] - The company’s accounts receivable rose to CNY 43,993,237.74 from CNY 26,567,728.74[20] - The company’s inventory decreased slightly to CNY 1,473,840,423.80 from CNY 1,486,186,910.78[20] - The company’s long-term equity investments increased to CNY 42,148,610.97 from CNY 31,318,328.68[20] - The company’s third-quarter financial report has not been audited[28]

Market Overview - The primary economic sector increased by 0.25% compared to the previous trading day, with *ST Yazhen leading the gains [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - The top-performing stocks in the primary economic sector included: - *ST Yazhen: Closed at 48.25, up 3.70% with a trading volume of 45,900 shares and a turnover of 218 million yuan [1] - Shanghai Phoenix: Closed at 13.53, up 3.28% with a trading volume of 202,500 shares and a turnover of 275 million yuan [1] - Remote Technology: Closed at 6.94, up 3.12% with a trading volume of 805,000 shares and a turnover of 557 million yuan [1] Capital Flow - The primary economic sector experienced a net outflow of 87.83 million yuan from institutional investors, while retail investors saw a net inflow of 67.43 million yuan [2] - The capital flow for individual stocks showed: - Remote Technology had a net inflow of 38.64 million yuan from institutional investors, but a net outflow of 56.11 million yuan from retail investors [3] - Shanghai Phoenix saw a net inflow of 8.56 million yuan from institutional investors, with a net outflow of 21.73 million yuan from speculative funds [3]

证券日报网讯武商集团（000501）10月24日在互动平台回答投资者提问时表示，武商梦时代于2022年11 月开业，南昌武商MALL于2023年4月开业。作为公司重大投资项目，在立项阶段均已履行了市场调 研、可行性论证及专业评估程序，并按《公司章程》的规定履行了审议程序。公司财务报表每年经会计 师事务所审计并出具标准无保留意见的审计报告，目前两个项目均处于正常培育阶段。2025年上半年， 武汉梦时代广场管理有限公司营业收入36，009.77万元，同比增长10.86%；净利润4，334.08万元，同 比增长64.73%。南昌武商商业管理有限公司营业收入5，720.63万元，净利润-3，996.20万元，同比大幅 减亏。 ...

Core Viewpoint - The company emphasizes its commitment to shareholder returns through consistent dividend payments, reflecting a strong financial performance and adherence to profit distribution policies [1] Financial Performance - The company has distributed a total of 303 million yuan (including tax) in dividends over the past three years, which accounts for 124.94% of the average annual distributable profits [1] - For the fiscal year 2024, the total dividend amount is projected to be 226 million yuan (including tax), exceeding the net profit for the year [1] - The mid-year dividend for 2025 is expected to reach 75 million yuan (including tax), representing 45.38% of the profit for that period [1] Shareholder Relations - The company actively engages in dividend distribution as a means to reward investors, demonstrating its responsibility towards shareholder returns [1] - The management asserts that the financing scale is not directly linked to the level of dividends, indicating a balanced approach to development and shareholder returns based on various factors [1] Market Influences - The company acknowledges that stock price fluctuations are influenced by multiple factors, including macroeconomic conditions and market trends, rather than solely by the company's actions [1] - The management is focused on enhancing operational performance to drive intrinsic value growth and maintain investor trust through solid performance [1]

（编辑 袁冠琳） 证券日报网讯 武商集团10月24日在互动平台回答投资者提问时表示，公司始终重视市值管理工作，也 高度关注股东利益。股价波动宏观经济波动、行业周期调整、市场整体情绪变化等影响。2025年上半 年，公司净利润1.65亿元，同比增长7.53%；扣非净利润1.45亿元，同比大幅增长21.45%。在股东回报 方面，近三年累计分红3.03亿元（含税），占年均可分配利润124.94%；2024年分红2.26亿元（含 税），超额覆盖当年净利润；2025年中期分红0.75亿元（含税），占本期利润的45.38%，持续稳定分 红。公司2025年中期业绩在可比零售业类上市公司中位居前列，市值同比增长。 ...

Core Viewpoint - Wushang Group's stock has experienced fluctuations, with a recent decline of 2.05% and a year-to-date decrease of 1.54%, indicating potential challenges in the retail sector [1][2]. Financial Performance - For the first half of 2025, Wushang Group reported a revenue of 3.181 billion yuan, a year-on-year decrease of 12.66%, while the net profit attributable to shareholders increased by 7.53% to 165 million yuan [2]. - The company has cumulatively distributed 1.783 billion yuan in dividends since its A-share listing, with 378 million yuan distributed over the past three years [3]. Stock Market Activity - As of October 23, Wushang Group's stock price was 10.01 yuan per share, with a market capitalization of 7.698 billion yuan. The stock has seen a trading volume of 64.004 million yuan and a turnover rate of 0.83% [1]. - The stock has appeared on the "Dragon and Tiger List" twice this year, with the most recent net purchase of 24.983 million yuan on July 29 [1]. Shareholder Information - As of June 30, 2025, Wushang Group had 40,800 shareholders, a decrease of 4.68% from the previous period, with an average of 18,829 circulating shares per shareholder, an increase of 4.91% [2]. - The fifth-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 15.0094 million shares, a decrease of 12.7512 million shares from the previous period [3].

Core Viewpoint - The company is experiencing a positive trend in financial performance, with a significant reduction in interest expenses and improvements in revenue and net profit for its subsidiaries [1] Financial Performance - As of the first half of 2025, the company's interest expenses are approximately 137 million yuan, representing a year-on-year decrease of 24.36% [1] - The asset-liability ratio for the year 2024 is projected to be 63.87%, indicating an overall declining trend in the asset-liability ratio [1] Subsidiary Performance - Wuhan Dream Times Square Management Co., Ltd. reported operating revenue of 360.1 million yuan, a year-on-year increase of 10.86%, and a net profit of 43.34 million yuan, up 64.73% year-on-year [1] - Nanchang Wushang Commercial Management Co., Ltd. achieved operating revenue of 57.21 million yuan, with a net profit loss of 39.96 million yuan, showing a significant reduction in losses compared to the previous year [1]

证券日报网讯武商集团（000501）10月22日在互动平台回答投资者提问时表示，公司按规定履行信息披 露义务。 ...