Group 1 - Guoguang Chain has reached the daily limit increase, indicating strong market performance [1] - Dalian Friendship, Dongbai Group, and Guofang Group have all increased by over 5%, reflecting positive investor sentiment [1] - Other companies such as Xujiahui, Bubugao, and Shanghai Jiubai also experienced gains, suggesting a broader trend in the retail sector [1]

Core Viewpoint - Dalian Friendship's governance issues have resurfaced during a sensitive period of stock price volatility and anticipated half-year losses, following a warning letter from the Dalian Securities Regulatory Bureau regarding information disclosure violations by its controlling shareholder, Wuxin Investment Holding [1][2][3] Group 1: Information Disclosure Violation - Wuxin Investment Holding failed to timely inform Dalian Friendship about a significant strategic cooperation agreement signed on July 22, 2025, which was disclosed to the market only on August 15, 2025, resulting in a 24-day delay [2][3] - The strategic cooperation agreement involves Wuxin Investment, Wuhan Credit Investment Group, Wuhan Kaisheng Economic and Trade Development, and Dalian Friendship's former controlling shareholder, Dalian Friendship Group, aiming to enhance operational effectiveness and explore diversified cooperation [2][3] Group 2: Regulatory Response - The Dalian Securities Regulatory Bureau determined that Wuxin Investment's failure to disclose the agreement constituted a violation of the relevant regulations under the "Management Measures for Information Disclosure of Listed Companies," leading to the issuance of a warning letter [3] - The violation will be recorded in the capital market integrity database [3] Group 3: Company Impact and Financial Performance - Dalian Friendship stated that the regulatory measures against its controlling shareholder would not affect its normal business operations and emphasized the need for improved compliance awareness [4] - However, the company is facing operational pressures, with a projected net loss of between 30 million to 38 million yuan for the first half of 2025, a significant increase from a loss of 26.41 million yuan in the same period last year [5] - The losses are attributed to three main factors: land value-added tax penalties from its real estate subsidiary, declining sales revenue and gross margin due to regional competition in its retail stores, and increased financial expenses from rising external debt [5]

本报记者 李勇 一则行政监管措施显示，事关上市公司的一个重要协议居然在签订后被"捂"了二十多天才正式披露。 据大连友谊（集团）股份有限公司（以下简称"大连友谊"）8月21日发布的公告，7月22日，公司控股股 东武信投资控股（深圳）股份有限公司（以下简称"武信控股"）与相关方签订《战略合作协议》，但直 到8月14日晚才通知上市公司对外披露。由此，大连证监局对武信控股采取出具警示函的行政监管措 施。 2019年12月份，友谊集团以武信控股等方面违约为由提起诉讼。双方争议的一个焦点就是《合作协议》 的效力问题。此案先后经历一审、二审、再审及发回重审等程序，新老股东曾陷入五年多的持续"拉 扯"。武信控股所持的大连友谊股份被司法冻结，导致其于2020年与武汉国有企业武汉开发投资有限公 司签署的股份转让协议至今仍未实现股份过户。 今年7月22日，武信控股等与友谊集团签订《战略合作协议》，各方一致同意解除2016年5月份签订的 《合作协议》，以2016年6月份签订的《股份转让协议》为准。也就是说，诉讼双方就股份转让纠纷已 经达成共识。此外，各方还约定调配各自优势资源支持大连友谊发展，包括增持股份、开展零售及新零 售业务合作 ...

Core Viewpoint - Dalian Friendship's controlling shareholder, Wuxin Investment Holdings, received a warning letter from the Dalian Securities Regulatory Bureau for failing to disclose significant information in a timely manner, highlighting deficiencies in corporate governance and information disclosure practices [1][2][3] Group 1: Regulatory Actions - The warning letter was issued due to Wuxin Holdings' failure to inform the company about a strategic cooperation agreement signed on July 22, 2025, which was disclosed to the market only on August 15, 2025, resulting in a 24-day delay [1] - The Dalian Securities Regulatory Bureau determined that Wuxin Holdings violated the relevant provisions of the "Management Measures for Information Disclosure of Listed Companies" and recorded the violation in the capital market integrity database [1] Group 2: Company Performance and Market Reaction - Dalian Friendship's stock price experienced significant volatility prior to the disclosure of the information violation, with a cumulative drop of over 20% in closing prices over three consecutive trading days [2] - The company projected a net loss of between 30 million to 38 million yuan for the first half of 2025, which is an increase from a loss of 26.41 million yuan in the same period last year [2] Group 3: Governance and Internal Control - The information disclosure violation not only harmed the company's market reputation but also infringed on investors' right to know, indicating a need for improved internal control systems [3] - Dalian Friendship is urged to enhance compliance awareness and strictly adhere to relevant regulations to ensure accurate and timely disclosure of significant events and financial data [3] - The incident serves as a warning for the company to strengthen its governance framework and internal controls to prevent future violations, emphasizing the importance of transparent and fair information disclosure to gain investor trust [3]

Core Viewpoint - The company faces governance issues due to a delay in disclosing a significant strategic cooperation agreement, leading to regulatory scrutiny and potential market concerns [2][3][4]. Group 1: Regulatory Actions - The controlling shareholder, Wuxin Investment Holdings, received a warning letter from the Dalian Securities Regulatory Bureau for failing to disclose important information in a timely manner [3][4]. - The warning specifically pertains to a strategic cooperation agreement signed on July 22, 2025, which was not disclosed until August 15, 2025, resulting in a 24-day delay [2][3]. Group 2: Strategic Cooperation Agreement - The strategic cooperation agreement involves Wuxin Investment Holdings, Wuhan Credit Investment Group, Wuhan Kaisheng Economic and Trade Development, and the former controlling shareholder, Dalian Friendship Group [3]. - The agreement aims to terminate a previous cooperation agreement from 2016 and outlines resource allocation to enhance Dalian Friendship's operational performance, including potential shareholding and retail business collaborations [3]. Group 3: Market Impact and Financial Performance - The company reported significant stock price volatility, with a cumulative decline of over 20% in three consecutive trading days prior to the disclosure of the regulatory warning [5][6]. - Dalian Friendship's half-year performance forecast indicates a projected net loss of between 30 million to 38 million yuan for the first half of 2025, worsening from a loss of 26.41 million yuan in the same period last year [6]. - The reasons for the anticipated loss include tax penalties from real estate operations, declining sales and profit margins in physical retail due to regional competition, and increased financial expenses from rising debt [6].

Core Viewpoint - The company faces governance issues due to a delay in disclosing a significant strategic cooperation agreement, leading to regulatory scrutiny and potential market concerns [1][2][3]. Group 1: Regulatory Actions - The controlling shareholder, Wuxin Investment Holdings, received a warning letter from the Dalian Securities Regulatory Bureau for failing to disclose a strategic cooperation agreement in a timely manner [2][3]. - The agreement, signed on July 22, 2025, involved multiple parties and was not disclosed until August 15, 2025, resulting in a 24-day delay [1][2]. Group 2: Financial Performance - The company anticipates a net loss of between 30 million to 38 million yuan for the first half of 2025, a significant increase from a loss of 26.41 million yuan in the same period last year [4]. - The reasons for the expected loss include tax penalties from real estate operations, declining sales and profit margins in physical retail due to regional competition, and increased financial expenses from rising debt [4]. Group 3: Market Reactions - The company's stock experienced significant volatility prior to the disclosure of the regulatory warning, with a cumulative drop of over 20% in closing prices over three trading days [4]. - Despite the governance issues, the company claims that its normal operations will not be affected and plans to encourage the controlling shareholder to adhere to regulatory standards [4].

Core Viewpoint - The announcement highlights regulatory actions taken against Wuxin Investment Holdings for failing to disclose a strategic cooperation agreement with other parties, which has implications for Dalian Friendship's governance and compliance practices [1][4]. Group 1: Regulatory Actions - On August 20, 2025, Dalian Securities Regulatory Bureau issued a warning letter to Wuxin Investment Holdings for not timely disclosing a strategic cooperation agreement with other companies [1][4]. - The warning is based on violations of the "Management Measures for Information Disclosure of Listed Companies (2025 Revision)" [4]. - The Shenzhen Stock Exchange also issued a regulatory letter to Wuxin Investment Holdings on August 20 [5]. Group 2: Shareholding and Legal Issues - Wuxin Investment Holdings holds 100 million shares of Dalian Friendship, accounting for 28.06% of the total share capital, which was previously frozen due to a contract dispute with the former controlling shareholder, Friendship Group [2]. - The shares were unfrozen after a settlement was reached between Wuxin Investment Holdings and Friendship Group, with the latter withdrawing the lawsuit [2][3]. - A strategic cooperation agreement was signed on July 22, 2025, among Wuxin Investment Holdings, Wuxin Investment Group, and Kaisheng Trading, which aims to enhance operational effectiveness and explore diversified cooperation [3][4]. Group 3: Future Cooperation and Compliance - The parties involved in the strategic cooperation agreement have committed to leveraging their resources to support Dalian Friendship's growth and development [3]. - Wuxin Investment Holdings is urged to improve its compliance awareness and adhere to information disclosure obligations to avoid future regulatory issues [4].

人民财讯8月20日电，大连友谊（000679）8月20日晚间公告，公司控股股东武信投资控股(深圳)股份有 限公司(简称"武信投资")收到大连证监局警示函。2025年7月22日，武信投资与武汉信用投资集团股份 有限公司、武汉凯生经贸发展有限公司、大连友谊集团有限公司签署《战略合作协议》，未及时告知大 连友谊履行信息披露义务。上述行为违反了《上市公司信息披露管理办法(2025年修订)》相关规定。大 连证监局决定对武信投资采取出具警示函的行政监管措施，并记入资本市场诚信档案数据库。 ...

大连友谊（集团）股份有限公司 证券代码：000679 股票简称：大连友谊 编号：2025—039 大连友谊（集团）股份有限公司 关于控股股东收到大连证监局警示函的公告 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。 大连友谊（集团）股份有限公司（以下简称"公司"）于 2025 年 8 月 20 日收到 中国证券监督管理委员会大连监管局（以下简称"大连证监局"）下发的《关于对武 信投资控股(深圳)股份有限公司采取出具警示函措施的决定》（行政监管措施 [2025]20 号，以下简称"《警示函》"），现将有关情况公告如下： 如果对本监管措施不服，可以在收到本决定书之日起 60 日内向中国证券监督管 理委员会提出行政复议申请，也可以在收到本决定书之日起 6 个月内向有管辖权的 人民法院提起诉讼。复议与诉讼期间，上述监管措施不停止执行。" 二、其他说明 上述行政监管措施是针对公司控股股东作出，公司将敦促控股股东进一步提升 规范意识，严格遵守相关规定，切实勤勉尽责，积极履行信息披露义务。本次行政 监管措施不会影响公司的正常经营活动，敬请广大投资者注意投资风险。 1 大连友 ...

Core Viewpoint - The Shenzhen Stock Exchange issued a regulatory letter to Wuxin Investment Holdings (Shenzhen) Co., Ltd. for failing to timely disclose information regarding a strategic cooperation agreement with Dalian Friendship Group Co., Ltd. [2] Group 1: Regulatory Issues - Wuxin Investment Holdings, along with other companies, signed a strategic cooperation agreement with Dalian Friendship on July 22, 2025, but did not inform Dalian Friendship of this agreement in a timely manner [2] - The company violated multiple provisions of the Stock Listing Rules, including Article 1.4, 2.1.1, 4.5.3, and 4.5.4 [2] - The Shenzhen Stock Exchange emphasized the importance of adhering to the Securities Law, Company Law, and relevant regulations to ensure accurate and timely information disclosure [2] Group 2: Company Financials - For the year 2024, Dalian Friendship's revenue composition was as follows: 99.36% from merchandise sales, 0.62% from real estate, and 0.02% from other industries [2]