证券日报网讯2月5日，武商集团（000501）在互动平台回答投资者提问时表示，公司业绩相关披露均真 实、完整。2024年以来，公司盈利质量持续改善，2024年全年扣非净利润同比增长66.83%，2025年上 半年同比增长21.45%，三季度末累计扣非净利润同比增长12.74%。 ...

证券日报网讯2月5日，武商集团（000501）在互动平台回答投资者提问时表示，武商超市部分产品的亲 民价格，源于公司深化供应链变革与直采带来的成本优势，这是主动提升竞争力的举措。当前业绩表现 是行业转型期的阶段性反映，公司持续深化优化业态结构调整和供应链变革来夯实基础，同时整体盈利 质量已在持续改善。公司将继续强化运营与营销，推动超市业态健康发展。 ...

证券日报网讯 2月4日，武商集团（000501）在互动平台回答投资者提问时表示，公司于2024年11月完 成股份回购，根据回购方案，本次回购股份将在披露回购结果暨股份变动公告12个月后，以集中竞价交 易方式出售，并需在上述公告披露后三年内完成出售；若逾期未完成出售，未出售股份将履行相关程序 予以注销。具体内容详见《武商集团股份有限公司关于公司回购股份方案的公告》。 ...

Group 1 - The company has initiated a special research project on public REITs for commercial real estate [1] - The company is evaluating its commercial assets that meet the issuance criteria [1] - The company will carefully assess the necessity, feasibility, and issuance path of related plans [1] Group 2 - The company will fulfill its information disclosure obligations in accordance with laws and regulations if there are significant matters [1]

证券日报网讯2月2日，武商集团（000501）在互动平台回答投资者提问时表示，2025年上半年，武汉梦 时代广场管理有限公司作为运营主体净利润4334.08万元，同比增长64.73%。 ...

证券日报网讯 2月2日，武商集团在互动平台回答投资者提问时表示，公司按照法律法规及监管要求履 行信息披露义务。 （文章来源：证券日报） ...

证券日报网讯 2月2日，武商集团在互动平台回答投资者提问时表示，武商梦时代项目的立项、投资等 重大决策，均经公司董事会、股东会审议通过，履行了完整的决策与信息披露程序。资产结构的安排是 基于整体战略、融资优化和运营效率的综合考量，符合商业惯例，不存在"修饰报表"或"掩盖失误"的情 形。公司始终遵守上市公司信息披露规则。武商梦时代作为公司的重要组成部分，其全部的资产、负 债、收入、成本（包括折旧摊销及财务费用）均已完整地纳入公司合并财务报表，并经过会计师事务所 的审计。公司定期报告中披露的合并财务数据，已全面反映了包括梦时代在内的整体经营与财务状况， 股东完全可以通过这些法定公开文件进行查阅和监督。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯 2月2日，武商集团在互动平台回答投资者提问时表示，公司黄金库存规模根据经营实际 动态调整，当前库存水平可充分匹配日常经营销售、市场订单交付等各项业务需求。 ...

Investment Rating - The industry investment rating is "Outperform the Market," indicating that the industry index is expected to perform better than the benchmark index over the next 6-12 months [12]. Core Insights - The report highlights the imminent issuance of the first batch of commercial real estate REITs, with significant potential for revitalizing existing assets [1]. - The expansion of the public REITs market from infrastructure to commercial real estate marks a new phase in China's REITs development, with regulatory support aimed at enhancing issuance efficiency and encouraging asset integration [3]. - The report anticipates that commercial real estate REITs will accelerate in 2026, driven by policy support and the performance of initial projects, while emphasizing the importance of asset quality and operational capabilities for long-term success [3]. Summary by Sections Commercial Real Estate REITs Overview - The first batch of commercial real estate REITs is set to raise a total of approximately 314.7 billion yuan, covering various commercial formats such as hotels, office buildings, and shopping centers [3]. - The report details eight commercial real estate REITs that have been submitted for approval, with expected fundraising sizes ranging from 17.03 billion yuan to 74.7 billion yuan [5][6]. Specific REITs Details - **Huitianfu Shanghai Real Estate REIT**: Expected to raise 40.02 billion yuan, with underlying assets including two office buildings in Shanghai [5]. - **Huazhong Jinjiang REIT**: Expected to raise 17.03 billion yuan, focusing on 21 hotels across 18 cities [5]. - **CICC Vipshop REIT**: Expected to raise 74.7 billion yuan, with underlying assets in Zhengzhou and Harbin [5]. - **Huazhong Lujiazui REIT**: Expected to raise 28.10 billion yuan, with assets in Shanghai [6]. - **Huazhong Poly Development REIT**: Expected to raise 20.93 billion yuan, with assets in Guangzhou and Foshan [6]. - **Huazhong Yintai REIT**: Expected to raise 42.785 billion yuan, focusing on the Hefei Yintai Center [6]. - **Huazhong CapitaLand REIT**: Expected to raise 40.54 billion yuan, with assets in Shenzhen and Mianyang [6]. - **Guotai Haitong Sazhi Chuan REIT**: Expected to raise 50.64 billion yuan, focusing on the Sazhi Chuan outlet in Xi'an [6]. Market Potential and Future Outlook - The report emphasizes the substantial existing stock of commercial real estate in China, which provides a solid foundation for the development of commercial real estate REITs [3]. - The retail sector alone has over 9,000 concentrated commercial properties, while the hotel sector has approximately 1.764 million rooms, indicating a strong demand for asset revitalization through REITs [3]. - The report suggests that companies with mature and stable assets, such as Poly Development and Meiyue Commercial, are likely to have a competitive advantage in the REITs market [3].

证券日报网讯 2月2日，武商集团在互动平台回答投资者提问时表示，武商梦时代自有物业纳入集团总 部资产体系，截至2025年半年度，武商集团总资产307.45亿元，净资产110.16亿元；武汉梦时代广场管 理有限公司作为运营主体，总资产55485.95万元，净资产15298.72万元；南昌武商商业管理有限公司总 资产382533.37万元，净资产-14288.52万元，主要资金来源为银行贷款。 （编辑 丛可心） ...